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|`Chair'sreview`||`4`|
|---|---|---|
|`Strategicreport`||`6`|
|`Ourpartners& funders`||`13`|
|`Board'sresponsibilitystatement`||`20`|
|`Trustees'report`||`21`|
|`Independentauditors'reporttothemembersofLangleyHouseTrust`||`28`|
|`Statementofcomprehensiveincome`||`31`|
|`Statementoffinancialposition`||`32`|
|`Statementofchangesinreserves`||`33`|
|`Cashflowstatement`|I|`34`|
|`Notestothefinancialstatements`||`35`|





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|||`Operating`|`Operating`|`Operating`|
|---|---|---|---|---|
|`Year`|`Income`|`Costs`|`Surplus`|`Surplus`|
|||`£'000`|`£000`|`%`|
|`2016/17`|`11,529`|`11,438`|`91`|`0.8`|
|`2017/18`|`12,098`|`11,924`|`174`|`1.4`|
|`2018/19`|`12,299`|`12,646`|`(347)`|`(2.8)`|
|`2019/20`|`13,430`|`13,156`|`274`|`2.0`|
|`2020/21`|`15,512`|`14,734`|`778`|`5.0`|






## 









## 



||||||`Direc`|
|---|---|---|---|---|---|
|`Year`|`2020/21`|`2019/20`|`2018/19`|`2017/18`|`tionof`|
||||||`Travel`|
|`1.Reinvestment`|`0.8%`|`2.3%`|`5,2%`|`6.4%`|`1`|
|`2A,NewSupply`<br>`(SocialHousing)`|`2.1%`|`6.1%`|`5.8%`|`13.8%`|`1`|
|`2B.NewSupply`<br>`(Non-SocialHousing)`|`0.0%`|`0.0%`|`0.0%`|`0.0%`||
|`5.HeadlineSocial`||||||
|`HousingCostperUnit`|`£10,429`|`£9,689`|`£9,016`|`£9,183`|`t`|
|`6A.OperatingMargin`<br>`(SocialHousing)`|`(7.1%)`|`(6.9%)`|`(7.9%)`|`(1.8%)`|`I`|
|`6B.OperatingMargin`<br>`(Overall)`|`5.0%`|`2.0%`|`2.8%`|`1.4%`|`t`|
|`7.ReturnonCapital`<br>`Employed(ROCE)`|`6.4%`|`6.2%`|`3.3%`|`1.6%`|`t`|



## 



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## 



## **Independent Auditor's Report to the Members of Langley House Trust Year ended 31 March 2021** 

operates, focusing on those laws and regulations that have a direct effect on the determination of material amounts and disclosures in the financial statements. The laws and regulations we considered in this context were the Companies Act **2006,** the Charities Act **2011,** the Housing and Regeneration Act **2008** and the Accounting Direction for Private Registered Providers of Social Housing **2019,** together with the Housing SORP. We assessed the required compliance with these laws and regulations as part of our audit procedures on the related financial statement items. 

In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which might be fundamental to the Trust's and the group's ability to operate or to avoid a material penalty. We also considered the opportunities and incentives that may exist within the Trust and the group for fraud. The laws and regulations we considered in this context for the UK operations were the Regulator of Social Housing regulations, CQC Regulations for service providers and managers, employment legislation and taxation legislation. 

Auditing standards limit the required audit procedures to identify non-compliance with these laws and regulations to enquiry of the Trustees and other management and inspection of regulatory and legal correspondence, if any. 

We identified the greatest risk of material impact on the financial statements from irregularities, including fraud, to be within the timing of recognition of rental and care income, recording the impact of the CQC regulatory reviews, and the override of controls by management. Our audit procedures .to respond to these risks included enquiries of management, and the Audit, Risk & Compliance Committee about their own identification and assessment of the risks of irregularities, sample testing on the posting of journals, designing audit procedures over the timing of income, reviewing accounting estimates for biases, reviewing regulatory correspondence and reading minutes of meetings of those charged with governance. 

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, the further removed non­ compliance with laws and regulations (irregularities) is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it. In addition, as with any audit, there remained a higher risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. We are not responsible for preventing non-compliance and cannot be expected to detect non­ compliance with all laws and regulations. 

## **Use of our report** 

This report is made solely to the Trust's members, as a body, in accordance with Chapter **3** of Part **16** of the Companies Act **2006.** Our audit work has been undertaken so that we might state to the Trust's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Trust and the Trust's members as a body, for our audit work, for this report, or for the opinions we have formed. 

**Guy Biggin** 

Senior Statutory Auditor 

For and on behalf of 

## **Crowe U.K. LLP** 

Statutory Auditor Fourth Floor 

St James House 

St James Square 

Cheltenham GL50 3PR 

Date: 1 September 2021 

**30** 

**Langley House Trust - Annual Report 2020 - 2021** 



## **Langley House Trust Statement of Comprehensive Income For the Year Ended 31 March 2021** 

|**Notes**<br>Turnover<br>**3**<br>Cost of sales<br>Gross profit<br>Operating expenditure<br>**3**<br>Other income<br>Gain on disposal of property, plant and<br>**7**<br>equipment<br>**Operating surplus**<br>**3**<br>Movement in fair value of investments<br>**15**<br>Interest receivable and other income<br>**8**<br>**Surplus before tax**<br>**Taxation**<br>**Surplus for the year after tax**<br>**Total comprehensive income for the**<br>**year**|**Group**<br>**2021**<br>**£000**<br>15,754<br>**15,754**<br>(14,884)<br>6<br>876<br>159<br>34<br>1,069<br>1,069<br>**1,069**|**LHT**<br>**2021**<br>**£000**<br>15,512<br>**15,512**<br>(14,734)<br>6<br>784<br>159<br>34<br>977<br>977<br>**977**|_Group_<br>_2020_<br>£000<br>_13,572_<br>_13,572_<br>_(13,209)_<br>**_424_**<br>_787_<br>**_(47)_**<br>_47_<br>_787_<br>_787_<br>_787_|_LHT_<br>_2020_<br>£000<br>_13,430_<br>_13,430_<br>_(13,156)_<br>**_424_**|
|---|---|---|---|---|
|||||_698_<br>**_(47)_**<br>_47_|
|||||_698_<br>_698_|
|||||_698_|



The financial statements were approved and authorised for issue by the Board on 15th July 2021 and were signed on its behalf by: 

�0-,\�. l� \1a1colm Ha��s Philip Hilton **Board Member Secretary** 

The notes on pages 35 to 55 form an integral part of these accounts. 

**31** 

Langley Hm,se Trus: Annual Heport 2020 2021 



## **Langley House Trust Statement of Financial Position For the Year Ended 31 March 2021** 

|**Note**<br>**FIXED ASSETS**<br>Housing properties<br>13<br>Other fixed assets<br>14<br>Investments<br>15<br>**Total fixed assets**<br>**CURRENT ASSETS**<br>Debtors<br>16<br>Cash in hand and at bank<br>**Total current assets**<br>Less Creditors: amounts falling<br>due within one year<br>17<br>**Net current assets**<br>**Total assets less current**<br>**liabilities**<br>Creditors: amounts falling due<br>after more than one year<br>18<br>**Provisions for liabilities and**<br>**charges**<br>Other Provisions<br>19<br>**Total net assets**<br>**Reseres**<br>Restricted reserves<br>Revenue reserves<br>**Total capital**&**reseres**|**Group**<br>**2021**<br>**£000**<br>6,147<br>367<br>937<br>**7,451**<br>1,496<br>6,036<br>**7,532**<br>(2,586}<br>**4,946**<br>**12,397**<br>2,925<br>36<br>**9,436**<br>15<br>9,421<br>**9,436**|**LHT**<br>**2021**<br>**£000**<br>6,147<br>367<br>937<br>**7,451**<br>1,486<br>5,663<br>**7,149**<br>(2,526}<br>**4,623**<br>**12,074**<br>2,925<br>36<br>**9,113**<br>15<br>9,098<br>**9,113**|_Group_<br>_2020_<br>_£000_<br>_6,409_<br>_319_<br>_928_<br>_7,656_<br>_1,560_<br>_4,172_<br>_5,732_<br>_(1,9132_<br>_3,819_<br>_11,475_<br>_3,008_<br>_100_<br>_8,367_<br>_82_<br>_8,285_<br>_8,367_|_LHT_<br>_2020_<br>_£000_<br>_6,409_<br>_319_<br>_928_<br>_7,656_<br>_1,540_<br>_3,923_|
|---|---|---|---|---|
|||||**_5,463_**<br>_(,8751 _<br>_3,588_<br>**_11,244_**<br>_3,008_<br>_100_|
|||||_8,136_<br>_82_<br>_8,054 _|
|||||_8,136_|



The financial statements were approved and authorised for issue by the Board on 15th July and were signed-?n its behalf by: O.� Heu�. _**[�N ]**_ . Malcolm Hayes Philip Hilton **Board Member Secretary Cha;,o�** 

July uly _�_ **Secretary** _¥1_ 

Registered Company number: 07888191 

The notes on pages 35 to 55 form an integral part of these accounts. 

**32** 

Langley House Trus[ Annual Report 2020 2021 



## 

|`GROUP`||||
|---|---|---|---|
||`Incomeand`|||
||`expenditure`|`Restricted`||
||`reserve`|`reserves`|`Total`|
||`£000`|`£000`|`£000`|
|`Balanceasat31March2019`|`7,507`|`73`|`7,580`|
|`Surplusfortheyear`|`787`|`-`|`787`|
|`Transfersfromrestrictedreserves`|`(9)`|`9`|`-`|
|`Balanceasat31March2020`|`8,285`|`82`|`8,367`|
|`Surplusfortheyear`|`1,069`|`-`|`1,069`|
|`Transfersfromrestrictedreserves`|`67`|`(67)`|`-`|
|`Balanceasat31March2021`|`9,421`|`15`|`9,436`|



|`LHT`||||
|---|---|---|---|
||`Incomeand`|||
||`expenditure`|`Restricted`||
||`reserve`|`reserves`|`Total`|
||`£000`|`£000`|`£000`|
|`Balanceasat31March2019`|`7,365`|`73`|`7,438`|
|`Surplusfortheyear`|`698`|`-`|`698`|
|`Transfersfromrestrictedreserves`|`(9)`|`9`|`-`|
|`Balanceasat31March2020`|`8,054`|`82`|`8,136`|
|`Surplusfortheyear`|`977`|`-`|`977`|
|`Transfersfromrestrictedreserves`|`67`|`(67)`||
|`Balanceasat31March2021`|`9,098`|`15`|`9,113,`|





## 

|`GROUP`|`Note`|`2021`||`2020`|
|---|---|---|---|---|
|||`£000`||`£000`|
|`Netcashfromoperatingactivities`||`1.951`||`887`|
|`CashflowfromInvestingactivities`|||||
|`Purchaseofhousingproperties`||`(76)`||`(234)`|
|`Purchaseofotherfixedassets`||`(201)`||`(162)`|
|`Proceedsofsaleofhousingproperties`||`-`||`865`|
|`Proceedsofsaleofotherfixedassets`||`6`||`-`|
|`Proceedsofsaleofinvestments`||`150`||`-`|
|||`(121)`||`469`|
|`Cashflowfromfinancingactivities`|||||
|`Interestreceived`||`34`||`47`|
|`Netchangeincashequivalent`||`1,864`||`1,403`|
|`Cashandcashequivalentsatbeginningoftheyear`||`4,172`||`2,769`|
|`Cashandcashequivalentsattheendoftheyear`||`6,036`||`4,172`|
|||`2021`||`2020`|
|`Notei - reconciliationofnetcashflowfrom`||`£000`||`£000`|
|`operatingactivities`|||||
|`Surplusfortheyear`||`1,069`||`787`|
|`Depreciationoftangiblefixedassets`||`491`||`487`|
|`AmortisationofGrants`||`(83)`||`(82)`|
|`Profitondisposalofasset`||`(6)`||`(424)`|
|`Othernoncashchanges`||`(159)`||`AT`|
|`interestreceived`||`(34)`||`(47)`|
|`(Decrease)/lncreaseInprovisions`||`(64)`||`88`|
|`Decrease/(increase)Indebtors`||`64`|I|`(376)`|
|`IncreaseIncreditors`||`673`||`407`|
|`Netcashinflowfromoperatingactivities`||`1,951`||`887`|





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## 

|`dproperties(excludingland):`|||
|---|---|---|
||`Usefuleconomiclife`|`Depreciation`|
|||`rate`|
|`Pitchedroofs`|`50years`|`2%`|
|`Fiatroofs`|`20years`|`5%`|
|`Windowsandexternaldoors`|`25years`|`4%`|
|`Heating`|`20years`|`5%`|
|`Electrical`|`25years`|`4%`|
|`Bathrooms`|`25years`|`4%`|
|`Kitchens`|`20years`|`5%`|
|`Lifts`|`10years`|`10%`|
|`Structure`|`50years`|`2%`|
|`Plantandequipment`|`5years`|`20%`|
|`Computers`|`4years`|`25%`|
|`Motorvehicles`|`4years`|`25%`|



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## 

||||`2021`||
|---|---|---|---|---|
|`GROUP`|`Turnover`|`Operating`|`Gain/(Ioss)`|`Operating`|
|||`costs`|`ondisposal`|`Surplus/`|
||||`ofproperty,`|`(deficit)`|
||||`plantand`||
||||`equipment`||
||`£000`|`£000`|`£000`|`£000`|
|`SocialHousingLettlngs(Note5)`|`4,791`|`5,131`||`(340)`|
|`Othersocialhousingactivities`|||||
|`SupportingPeople`|`512`|`505`|||
|`ActivitiesotherthansocialHousing`|||||
|`Careandspotfunding`|`7,313`|`6,735`||`578`|
|`MinistryofJustice`|`1,426`|`1,156`||`270`|
|`Othergovernmentcontracts`|`865`|`785`||`80`|
|`VoluntaryIncome`|`372`|`128`||`244`|
|`PrisonServices`|`155`|`101`||`54`|
|`Other`|`282`|`324`||`(42)`|
|`Incomeforgeneratingfunds`|`38`|`19`||`19`|
|`Gainondisposalofproperty,plant`||||`6`|
|`andequipment`|||||
||`15,754`|`14,884`||`876`|
||||`2021`||
|`LHT`|`Turnover`|`Operating`|`Gain/(loss)`|`Operating`|
|||`costs`|`ondisposal`|`Surplus/`|
||||`ofproperty,`|`(deficit)`|
||||`plantand`||
||||`equipment`||
||`£000`|`£000`|`£000`|`£000`|
|`SocialHousingLettings(Note5)`|`4,791`|`5,131`||`(340)`|
|`Othersocialhousingactivities`|||||
|`SupportingPeople`|`512`|`505`|||
|`ActivitiesotherthansocialHousing`|||||
|`Careandspotfunding`|`7,313`|`6,736`||`577`|
|`MinistryofJustice`|`1,426`|`1,157`||`269`|
|`Othergovemmentcontracts`|`865`|`786`||`79`|
|`VoluntaryIncome`|`316`|`128`||`188`|
|`Other`|`251`|`272`||`(21)`|
|`Incomeforgeneratingfunds`|`38`|`19`||`19`|
|`Gainondisposalofproperty,plant`||||`6`|
|`andequipment`|||||
||`15,512`|`14,734`||`784`|





## 

## 

## 

||||`2020`||
|---|---|---|---|---|
|`GROUP`|`Turnover`|`Operating`|`Gain/(loss)`|`Operating`|
|||`costs`|`on`|`Surplus/`|
||||`disposalof`|`(deficit)`|
||||`properly,`||
||||`plantand`||
||||`equipment`||
||`£000`|`£000`|`£000`|`£000`|
|`SocialHousingLettings(Note5)`|`4,459`|`4,786`||`(327)`|
|`Othersocialhousingactivities`|||||
|`SupportingPeople`|`534`|`528`|||
|`ActivitiesotherthansocialHousing`|||||
|`Careandspotfunding`|`6,327`|`5,949`||`378`|
|`MinistryofJustice`|`1,426`|`1,112`||`314`|
|`Othergovernmentcontracts`|`408`|`395`||`13`|
|`VoluntaryIncome`|`209`|`184`||`25`|
|`PrisonServices`|`144`|`89`||`55`|
|`Other`|`30`|`141`||`(111)`|
|`Incomeforgeneratingfunds`|`35`|`25`||`10`|
|`Gain/(loss)ondisposalofproperty,`|||`424`|`424`|
|`plantandequipment`|||||
||`13,572`|`13,209`|`424`|`787`|
||||`2020`||
|`LHT`|`Turnover`|`Operating`|`Gain/(loss)`|`Operating`|
|||`costs`|`on`|`Surplus/`|
||||`disposalof`|`(deficit)`|
||||`property,`||
||||`plantand`||
||||`equipment`||
||`£000`|`£000`|`£000`|`£000`|
|`SocialHousingLettings(Note5)`|`4,460`|`4,767`||`(307)`|
|`Othersocialhousingactivities`|||||
|`SupportingPeople`|`534`|`528`|||
|`ActivitiesotherthansocialHousing`|||||
|`Careandspotfunding`|`6,327`|`5.949`||`378`|
|`MinistryofJustice`|`1,426`|`1,112`||`314`|
|`Othergovernmentcontracts`|`408`|`396`||`13`|
|`VoluntaryIncome`|`220`|`184`||`36`|
|`Other`|`20`|`196`||`(176)`|
|`Incomeforgeneratingfunds`|`35`|`25`||`10`|
|`Gain/(loss)ondisposalofproperty,`|||`424`|`424`|
|`plantandequipment`|||||
||`13,430`|`13,156`|`424`|`698`|





## 

## 

## 

||`SocialHousing`|`SocialHousing`|`OtherSocial`|`OtherSocial`||
|---|---|---|---|---|---|
||`Lettings`||`Housing`|||
||||||`Total`|
||`Supported`|`Care`|`Registered`|`General`||
||`Housing`|`Homes`|`CareBeds`|`Needs`||
|`SocialHousing`||||||
|`At31March2020`|`383`|`-`|`79`|`-`|`462`|
|`At31March2021`|`390`|`-`|`90`|`-`|`480`|
|||`2021`|`2020`|||
|`Non-socialHousing`||||||
|`Undermanagementatstartof`||||||
|`year`||||||
|`Undermanagementatendof`||||||
|`year`||||||





## 

## 

||`Supported`|`Care`|||
|---|---|---|---|---|
|`a.GROUP`|`housing`|`Homes`|`TOTAL`|`TOTAL`|
||`2021`|`2021`|`2021`|`2020`|
|`INCOME`|`£000`|`£000`|`£000`|`£000`|
|`Rentsreceivable`|`2,431`|`33`|`2,464`|`2,153`|
|`Serviceincome`|`2,212`|`33`|`2,245`|`2,224`|
|`Amortisedgovemmentgrants`|`65`|`17`|`82`|`62`|
|`Othergrants`|`-`|`-`|`-`|`-`|
|`TurnoverfromSocialHousingLettlngs`|`4,708`|`83`|`4,791`|`4,459`|
|`EXPENDITURE`|||||
|`Management`|`2,230`|`36`|`2,266`|`2,171`|
|`Services`|`1,970`|`26`|`1,996`|`1,751`|
|`Routinemaintenance`|`321`|`11`|`332`|`296`|
|`Plannedmaintenance`|`114`|`19`|`133`|`106`|
|`Majorrepairsexpenditure`||||`-`|
|`Baddebts`|`203`|`-`|`203`|`242`|
|`Lossondisposalofcomponents`||||`-`|
|`DepreciationofHousingProperties`|`194`|`7`|`201`|`220`|
|`OperatingcostsonSocialHousing`|||||
|`Lettings`|`5,032`|`99`|`5,131`|`4,786`|
|`OPERATING(DEFICIT)/SURPLUSON`|||||
|`SOCIALHOUSINGLETTINGS`|||||
|`ACTIVITIES`|||`(340)`|`(327)`|
|`Voidlosses`||`m`|`(758)`|`,  (672)`|





## 

||`Supported`|`Care`|||
|---|---|---|---|---|
|`b.LHT`|`housing`|`Homes`|`TOTAL`|`TOTAL`|
||`2021`|`2021`|`2021`|`2020`|
|`INCOME`|`£000`|`£000`|`£000`|`£000`|
|`Rentsreceivable`|`2,431`|`33`|`2,464`|`2,154`|
|`ServiceIncome`|`2,212`|`33`|`2,245`|`2,224`|
|`Amortisedgovernmentgrants`|`65`|`17`|`82`|`82`|
|`TurnoverfromSocialHousingLettings`|`4,708`|`83`|`4,791`|`4,460`|
|`EXPENDITURE`|||||
|`Management`|`2,230`|`36`|`2,266`|`2,170`|
|`Services`|`1,970`|`26`|`1,996`|`1,733`|
|`Routinemaintenance`|`321`|`11`|`332`|`296`|
|`Plannedmaintenance`|`114`|`19`|`133`|`106`|
|`Majorrepairsexpenditure`||||`-`|
|`Baddebts`|`203`|`-`|`203`|`242`|
|`Lossondisposalofcomponents`|||||
|`DepreciationofHousingProperties`|`194`|`7`|`201`|`220`|
|`OperatingcostsonSocialHousing`|||||
|`Lettings`|`5,032`|`99`|`5,131`|`4,767`|
|`OPERATING(DEFICIT)/SURPLUSON`|||||
|`SOCIALHOUSING`|||||
|`LETTINGSACTIVITIES`||`im`|`i340).`|`MIL`|
|`Voidlosses`|`(745)`||`JML`||





## 

## 

||`Group`|`LHT`|`Group`|`LHT`|
|---|---|---|---|---|
|`Isstatedaftercharging/(crediting):`|`2021`|`2021`|`2020`|`2020`|
||`£000`|`£000`|`£000`|`£000`|
|`Depreciationofhousingproperties`|`338`|`338`|`370`|`370`|
|`Depreciationofothertangiblefixed`|`153`|`153`|`117`|`117`|
|`assets`|||||
|`Operatingieaserentais:`|||||
|`Landandbuildings`|`519`|`519`|`477`|`477`|
|`Officeequipment`|`5`|`5`|`7`|`7`|
|`Auditorsremuneration(excludingVAT)`|||||
|`Intheircapacityasexternalauditors`|`18`|`14`|`17`|`13`|
|`Surplusonsaleofotherfixedassets`|`(6)`|`(6)`|`(424)`|`(424)`|
|`1.SURPLUSONDISPOSALOFFIXED`|`ASSETS`||||
||`Group`|`LHT`|`Group`|`LHT`|
||`2021`|`2021`|`2020`|`2020`|
||`£000`|`£000`|`£000`|`£000`|
|`Proceedsofsales`|`6`|`6`|`865`|`865`|
|`Carryingvalueoffixedassetsdisposed`|||||
|`ofduringtheyear`|`-`|`-`|`(441)`|`(441)`|
|`SURPLUSONDISPOSAL`|`6`|`6`|`424`|`424`|





## 

## 

||`Group`|`LHT`|`Group`|`LHT`|
|---|---|---|---|---|
||`2021`|`2021`|`2020`|`2020`|
||`£000`|`£000`|`£000`|`£000`|
|`DividendsreceivedonInvestments`|`29`|`29`|`32`|`32`|
|`Bankinterest`|`5`|`5`|`15`|`15`|
|`TOTAL`|`34`|`34`|`47`|`47`|
|`.EMPLOYEEINFORMATION`|||||
||`Group`|`LHT`|`Group`|`LHT`|
||`2021`|`2021`|`2020`|`2020`|
|`Theaveragenumberofstaffemployed`|||||
|`duringtheyear,expressedasfulltime`|||||
|`equivalents,(i.e.35hoursperweek)was:`|`260`|`249`|`232`|`225`|
||`Group`|`LHT`|`Group`|`LHT`|
|`Staffcosts`|`2021`|`2021`|`2020`|`2020`|
||`£000`|`£000`|`£000`|`£000`|
|`Wagesandsalaries`|`6,300`|`6,035`|`5,517`|`5,349`|
|`Socialsecuritycosts`|`577`|`557`|`470`|`455`|
|`Otherpensioncosts`|`275`|`265`|`243`|`237`|
|`OtherEmployeebenefits`|`76`|`76`|`-`|`-`|
|`TOTAL`|`7.228`|`6,933`|`6,230`|`6,041`|



## 

||`Group`|`LHT`|`Group`|`LHT`|
|---|---|---|---|---|
||`2021`|`2021`|`2020`|`2020`|
|`£60,000- £70.000`|`1`|`1`|||
|`£70,000-£80,000`|`1`|`1`|`2`|`2`|
|`£80,000-£90,000`|`1`|`1`|||
|`£90.000-£100,000`|||`1`|`1`|
|`£100,000-£110.000`|`1`|`1`|||





## 

## 

## 

||`Group`|`LHT`|`Group`|`LHT`|
|---|---|---|---|---|
||`2021`|`2021`|`2020`|`2020`|
||`£000`|`£000`|`£000`|`£000`|
|`Theaggregateemolumentspaidtoor`|||||
|`receivablebynon-executiveDirectors`|||||
|`andformernon-executivedirectors`|||||
|`Theaggregateemolumentspaidtosenior`|||||
|`officers,includingsalary,employer's`|`335`|`335`|`255`|`255`|
|`pensioncontributionsandbenefits-in-kind`|||||
|`Theemolumentspaidtohighestpaid`|||||
|`officer(ChiefExecutive),including`|`106`|`106`|`99`|`99`|
|`benefits-in-kindbutexcludingemployer's`|||||
|`pensioncontributions`|||||





## 

## 

## 

|`GROUPANDLHT`||||
|---|---|---|---|
|||`Under`||
||`Completed`|`Construction`|`Total`|
||`£000`|`£000`|`£000`|
|`COSTAfALUATION`||||
|`At1 April`|`10,023`|`-`|`10,023`|
|`Additions`|`6`|`70`|`76`|
|`Transfers`||`_`||
|`Disposals`|`-`|`-`|`-`|
|`At31March`|`10,029`|`70`|`10,099`|
|`DEPRECIATION`||||
|`At1 April`|`3,614`|`_`|`3,614`|
|`Chargeforyear`|`338`|`-`|`338`|
|`EliminatedonDisposals`|`_`|`_`|`_`|
|`At31March`|`3,952`|`-`|`3,952`|
|`NETBOOKVALUEat31MARCH`||||
|`2021`|`6,077`|`70`|`6,147`|
|`NETBOOKVALUEat1 April2020`|`6,409`|`-`|`6.409`|
|`Housingpropertiescomprise:`||||
|||`2021`|`2020`|
|||`£000`|`£000`|
|`Freeholds`||`5,627`|`5,871`|
|`LongLeaseholds`||`17`|`18`|
|`ShortLeaseholds`||`433`|`520`|
|`Assetsunderconstruction`||`70`|`-`|
|||`6,147`|`6,409`|





## 

## 

## 

|`GROUPANDLHT`||||
|---|---|---|---|
|||`Motor`||
||`Plant& equip`|`vehicles`|`Total`|
||`£000`|`£000`|`£000`|
|`COSTWALUATION`||||
|`At1 April`|`666`|`315`|`981`|
|`Additions`|`142`|`59`|`201`|
|`Disposals`||`(45)`|`(45)`|
|`At31March`|`808`|`329`|`1,137`|
|`DEPRECIATION`||||
|`At1 April`|`462`|`200`|`662`|
|`Chargeforyear`|`108`|`45`|`153`|
|`Disposals`||`(45)`|`(45)`|
|`At31March`|`570`|`200`|`770`|
|`NETBOOKVALUEat31March2021`|`238`|`129`|`367`|
|`NETBOOKVALUEat1 April2020`|`204`|`115`|`319`|
|`15FIXEDASSETINVESTMENT`||||
|`LHT& Group`||`2021`|`2020`|
|||`£`|`£`|
|`MarketvalueofInvestmentsatstartof`||||
|`year`||`928`|`975`|
|`MarketvalueofInvestmentsoldduring`||||
|`theyear`||`(150)`|`-`|
|`Marketvalueofinvestmentsatend`||||
|`ofyear`||`937`|`928`|
|`Gaininvalueduringtheyear`||`159`|`{47}`|
|`GainrecognisedintheStatementof`||||
|`ComprehensiveIncome`||`159`||
|||`159`|`{47}`|
|`HistoricCostofInvestments`||`599`|`733`|





## 

## 

||`Group`|`LHT`|`Group`|`LHT`|
|---|---|---|---|---|
||`2021`|`2021`|`2020`|`2020`|
||`£000`|`£000`|`£000`|`£000`|
|`Amountsfallingduewithinone`|||||
|`year;`|||||
|`Rentarrears`|`940`|`940`|`874`|`874`|
|`Less:provisionforbaddebts`|`(761)`|`(761)`|`(674)`|`(674)`|
|`Nonrentalarrears`|`1,081`|`1,071`|`1,144`|`1,126`|
|`Less:provisionforbaddebts`|`(123)`|`(123)`|`(217)`|`(217)`|
|`Prepaymentsandaccruedincome`|`359`|`359`|`433`|`431`|
|`Intercompanybalance`|`-`|`-`|`-`|`-`|
||`1,496`|`1,486`|`1,560`|`1,540`|



## 

||`Group`|`LHT`|`Group`|`LHT`|
|---|---|---|---|---|
||`2021`|`2021`|`2020`|`2020`|
||`£000`|`£000`|`£000`|`£000`|
|`Rentcreditbaiances`|`235`|`235`|`218`|`218`|
|`Nonrentalcreditbaiances`|`410`|`410`|`248`|`248`|
|`Tradecreditors`|`207`|`207`|`137`|`136`|
|`Taxation,socialsecurityandpensionpayabie`|`221`|`204`|`169`|`155`|
|`Accruaisanddeferredincome`|`1,416`|`1,373`|`1,057`|`1,034`|
|`SPcontractincomereceivedinadvance`|`14`|`14`|`1`|`1`|
|`Deferredcapita!grant(note18b)`|`83`|`83`|`83`|`83`|
||`2,586`|`2,526`|`1,913`|`1,875`|



## 

|||`Group`|`LHT`|`Group`|`LHT`|
|---|---|---|---|---|---|
|||`2021`|`2021`|`2020`|`2020`|
|||`£000`|`£000`|`£000`|`£000`|
|`Deferredcapitaigrant(note`|`18b)`|`2,925`|`2,925`|`3,008`|`3,008`|
|||`2,925`|`2,925`|`3,008`|`3,008`|





## 

## 

## 

## 

||`Group`|`LHT`|`Group`|`LHT`|
|---|---|---|---|---|
||`2021`|`2021`|`2020`|`2020`|
||`£000`|`£000`|`£000`|`£000`|
|`Atthestartoftheyear`|`3.091`|`3,091`|`3,173`|`3,173`|
|`Grantreceivedduringtheyear`|`-`|`-`|`-`|`-`|
|`Releasedtoincomeintheyear`|`(83)`|`(83)`|`(82)`|`(82)`|
|`Otheradiustment`|`-`|`-`|`-`|`-`|
|`Attheendoftheyear`|`3,008`|`3,008`|`3,091`|`3,091`|
|`Amountduetobereleased<1`|||||
|`year`|`83`|`83`|`83`|`83`|
|`Amountduetobereleased>1`|||||
|`year`|`2,925`|`2,925`|`3,008`|`3,008`|
||`3,008`|`3,008`|`3,091`|`3,091`|
|`Totalgrantreceived`|`4,721`|`4,721`|`4,721`|`4,721`|



## 

|`GROUPANDLHT`|`2021`|`2020`|
|---|---|---|
||`£000`|`£000`|
|`Openingbalanceasat1 April`|`100`|`12`|
|`Utilisedintheyear`|`(64)`|`(12)`|
|`Additionalprovision`|`-`|`100`|
|`Closingbalanceasat31March`|`36`|`100`|





## 

## 

||`Group`|`LHT`|`Group`|`LHT`|
|---|---|---|---|---|
||`2021`|`2021`|`2020`|`2020`|
||`£000`|`£000`|`£000`|`£000`|
|`Capitalexpenditurethathasbeencontractedforbuthas`|||||
|`notbeenprovidedforinthefinancialstatements.`|`170`|`170`|||
|`Capitalexpenditurethathasbeenauthorisedby`|||||
|`Trusteesbuthasnotyetbeencontractedfor.`|||||
||`170`|`170`|||
|`Thecommitmentsasat31Marchwillbefinancedas`|||||
|`follows:`|||||
||`Group`|`LHT`|`Group`|`LHT`|
||`2021`|`2021`|`2020`|`2020`|
||`£000`|`£000`|`£000`|`£000`|
|`RevenuereservesoftheTrust`|`170`|`170`|||
||`170`|`170`|||



## 

||`Group`|`LHT`|`Group`|`LHT`|
|---|---|---|---|---|
||`2021`|`2021`|`2020`|`2020`|
||`£000`|`£000`|`£000`|`£000`|
|`Landandbuildings:`|||||
|`inoneyearormorebutlessthantwoyears`|`419`|`419`|`441`|`441`|
|`Intwoyearsormoreandlessthanfiveyears`|`501`|`501`|`772`|`772`|
|`Infiveyearsormore`|`221`|`221`|`311`|`311`|
|`Others,whichexpire:`|||||
|`inoneyearormorebutlessthantwoyears`|`4`|`4`|`4`|`4`|
|`Intwoyearsormoreandlessthanfiveyears`|`9`|`9`|`5`|`5`|
|`Infiveyearsormore`|`-`|`-`|`_`|`_`|





## 

## 

## 

||`2021`|`2020`|
|---|---|---|
||`£000`|`£000`|
|`Managementchargesfromsubsidiaries`|`16`|`14`|
|`Fundinggrantprovidedtosubsidiaries`|`170`|`179`|



## 

## 



## 

## 



## 

## 

## 

|`a.GROUP`|||
|---|---|---|
||`2021`|`2020`|
||`£000`|`£000`|
|`FinancialAssetsMeasuredatAmortisedCost:`|||
|`RentandServiceChargeDebtors`|`184`|`200`|
|`OtherDebtors`|`958`|`927`|
|`CashandCashEquivaients`|`6.036`|`4,172`|
|`TotalFinancialAssets`|`7.178`|`5,299`|
|`FinancialLiabilitiesMeasuredatAmortised`|||
|`Cost:`|||
|`TradeCreditors`|`207`|`137`|
|`OtherCreditors`|`2,075`|`1,524`|
|`TotalFinancialLiabilities`|`2,282`|`1,661`|
|`a.LHT`|||
||`2021`|`2020`|
||`£000`|`£000`|
|`FinancialAssetsMeasuredatAmortisedCost:`|||
|`RentandServiceChargeDebtors`|`184`|`200`|
|`OtherDebtors`|`948`|`909`|
|`CashandCashEquivaients`|`5.663`|`3,923`|
|`TotalFinancial/^sets`|`6,795`|`5,032`|
|`FinancialLiabilitiesMeasuredatAmortised`|||
|`Cost:`|||
|`TradeCreditors`|`207`|`136`|
|`OtherCreditors`|`2,032`|`1,501`|
|`TotalFinancialLiabilities`|`2,239`|`1,637`|