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2023-03-31-accounts

LANGLEY HOUSE TRUST HELPINCJ PEOPI.E10 LRIME-FREE LIVI.S ANNUAL REPORT AND CONSOLIDATED FINANCIAL STATEMENTS FoTthe 12 Iri"onths én(led 31st Marth w23':: Company No. 07888191 www.langleyhousetrust.org Charity No. 1146304

Chair's Review 4
Strategic Report 6
Our Partners
Ig Funders		 15
Financial
Review		 16
Board's Responsibility Statement 24
Trustees' Report 25
Statistics 32
Independent
Auditors'		 Report to the Members ofLangley House Trust 33
Statement ofComprehensive Income 36
Statement ofFinancial Position 37
Statement ofChanges in Reserves 38
Cash Flow Statement 39
Notes tothe Financial Statements 40

Group LHT Group LHT
Turnover Notes 2023
8000		 2023
8000		 2022
8000		 2022
6000
18,523 18,274 16,320 16,084
Cost ofsales
Gross profit 18,523 18,274 16,320 16,064
Operating
expenditure		 (19,046) (18,670) (16,298) (16,119)
Operating
surplus		 (523) (396) 22 (35)
Movement
in fair value		 of investments 15 (40) (40) 66
Loss on disposal ofOxed assets 7 (7) (7)
Interest receivable and other income 8 60 60 29
Surplus
before tax		 (510) (383) 117 60
Taxation
Surplus/(Deficit)
for the year after
tax		 (510) (383) 117 60
Total comprehensive income for the
year

Gmup LNT Group LH7
Note 2023 2023 2022 2022
6900 6000 OOOO 5000
FIXEDASSETS
Housing
properties		 13 7,984 7.984 6,361 6,361
Other fixed assets 14 253 253 306 306
Investments 15 963 983 .003 DD
Total fixed assets 9,200 9,200 7,$70 7,670
CURRENT ASSETS
Debtors 16 1,808 1,908 1,726 1,725
Cash in hand and at
bank 37D2 3298 5721 531D
Total current assets 5,510 5,206 7~7 7.035
Less Creditors:
amounts
failing due
within one year
Net current assets		 17~907
2,603		 ~2855
2,350		 ~2722
4.725		 ~2690
4.345
Total assets less
current liabilities 11,803 11,550 12,395 12.015
Creditors: amounts
falling due after mom
than one year 18 (2,760) (2,760) (2,842) (2,842)
Total net assets 98 3 8793 ~ 9173
Reserves
Restricted reserves 8 8 5 5
Revenue reserves 9035 782 0558
Total capital 6
reserves S857 3732 9553 9173

GROUP
Income and
expenditure Restricted
reserve reserves Total
6000 5000 8000
Balance as at 31 March 2021 9,421 15 $,436
Surplus for ths year 117 117
Transfers from restricted reserves 10 (10)
Balance as at 31 March 2022 9,548 5 9,553
Surplus/(Deficit) for the year (51D) (510)
Transfers from/(to) restricted reserves (3)
Balance as at 31 March 2023 aaaa 8 araa
LHT
Income and
expenditure Restricted
reserve reserves Total
5000 8000 8000
Balance as at 31 March 2021 a,oae 15 9,113
Surplus forthe year 6D 60
Transfers from restricted reserves 10 (10)
Balance as at 31Mamh 2022 9,158 5 $,173
Surplus/(Deficit) for the year (383) (383)
Transfers from/(to) restricted reserves (3)
Balance as at 31March 2023 8282 8,7$0

GROUP Note 2023 2022
6000 fOOO
Net cash from operating
activities		 298
Cash flow from investing
activities
Purchase ofhousing
properties
Purchase ofother fixed assets		 (1,993)
~89		 (547)
~95
(2,080) (344)
Cash flow from financing
activities
Interest received 29
Net change
in cash equivalent		 (2,019) (315)
Cash and cash equivalents
at		 beginning ofthe year 5,721 6,036
Cash and cash equivalents
at the end of		 the year 3,702 5,721
2023 2022
Note i - reconciliation
ofnet cash flow from		 f000 fOOO
operating
activities
(Loss)/Surplus
for the year		 (523) 117
Depreciation
oftangible fixed assets		 504 486
Amortisation
ofGrants		 (82) (83)
Loss/(Profit) on disposal ofasset 3
Other non cash changes (66)
Interest received (29)
(Decrease)/Increase
in provisions		 (36)
(Increase)/Decrease
in debtors		 (180) (230)
Increase
in creditors		 284 136
Net cash inflow from operating activities 2 298

properties
(excluding
land):
Useful economic life Depreciation
rate
Pitched roofs 50years 2'/o
Flat roofs 20years 5%
Windows and external doors 25years 4'/o
Heating 20 years 5%
Electrical 25years 4%
Bathrooms 25years 4%
Kitchens 20years
Lifts 10years 10%
Structure 50years 2%
Plant and equipment 5years 20%
Computers 4years 25%
Motor vehicles 4years 25%

2023
GROUP Turnover Operating Gain/(loss) Operating
costs on disposal Surplus/
of property, (deficit)
plant and
equipment
5000 6000 6000 6000
Social Housing
Lettings(Note		 5) 5,347 5,749 (402)
Other social housing activities
Supporting People 349 355 (6)
Activities other than social Housing
Care 8,176 8,491 (315)
Ministry of Justice 2,603 2,423 180
Other government contracts 1,340 1,475 (135)
Voluntary Income 353 114 239
Prison Services 162 140 22
Other 158 268 (110)
Income for generating funds 35 31 4
Gain on disposal of property, plant
and equipment
18,523 19,046 523
2023
LHT Turnover Operating Gain/(loss) Operating
costs on disposal Surplus/
of property, (deficit)
plant and
equipment
6000 6000 8000 f000
Social Housing
Lettlngs(Note		 5) 5,347 5,749 (402)
Other social housing activities
Supporting People 349 354 (5)
Activities other than social Housing
Care 8,176 8,491 (315)
Ministry of Justice 2,603 2,423 180
Other government contracts 1,340 1,475 (135)
Voluntary Income 295 114 181
Other 129 32 97
Income for generating funds 35 32 3
Gain on disposal of property, plant
and equipment
18,274 18,670 396

2022
GROUP Turnover Operating Gain/(loss Operating
ccats ) on
disposal of		 Surplus/
(deficit)
property,
plant snd
equipment
f000 f000 f000 f000
Social Housing
Lettings(Note		 5) 5,072 5,395 (323)
Other social housing activities
Supporting People 519 517
Activities other than social Housing
Care 7,482 7,365 117
Ministry of Justice 1,585 1,467 118
Other government contracts 1,083 966 117
Voluntary Income 135 152 (17)
Prison Services 188 135 53
Other 219 277 (58)
Income for generating funds 37 24 13
Gain/(loss)
on disposal ofproperty,
plant and equipment
16,326 16,298 22
2022
LHT Turnover Operating Gain/(loss Operating
costs ) on
disposei of		 Surplus/
(deficit)
property,
plant and
equipment
f000 f000 f000 f000
Social Housing
Lettings(Note		 5) 5,072 5,395 (323)
Other social housing activities
Supporting People 519 517
Activities other than social Housing
Cars 7,482 7,365 117
Ministry of Justice 1,585 1,467 118
Other government contracts 1,083 966 117
Voluntary Income 111 152 (41)
Other 195 233 (38)
Income for generating funds 37 24 13
Gain/(loss)
on disposal ofproperty,
plant and equipment
16084 16,119 35

Social Housing Social Housing Other Social Other Social
Lettin s Housin
Total
Supported Care Registered General
Housin Homes Care Beds Needs
Social Housing
At 31 March 2023 381 116 497
At 3f March 2022 390 90 480
2023 2022
Non-social Housing
Under management at start of
year
Under management at end of
year

Supported Care
GROUP AND LHT housing Homes TOTAL TOTAL
2023 2023 2023 2022
6000 6000 6000 f000
INCOME
Rents receivable 2,563 70 2,633 2,578
Service income 2,574 58 2,632 2,412
Amortised
government		 grants 65 17 82 82
Turnover
from Social		 Housing Lettings 5,202 145 5,347 5,072
EXPENDITURE
Management 2,307 83 2,390 2,372
Services 2,461 32 2,493 2,195
Routine maintenance 361 18 379 404
Planned
maintenance		 41 6 47 43
Bad debts 232 (4) 228 186
Depreciation
of Housing		 Properges 204 8 212 195
Operating costs on Social Housing
Lettings		 5,606 143 5.749 5,395
OPERATING (DEFICIT)/SURPLUS ON
SOCIAL HOUSING LETTINGS (404) 2 (402) (323)
ACTIVITIES
Void losses 806 47 853 1,140

Group LHT Group LHT
Is stated after charging/(crediting): 2023 2023 2022 2022
f000 f000 f000 5000
Depreciation
of housing		 properties 363 363 330 330
Depreciation
ofother tangible
fixed
assets 142 142 156 156
Operating
lease rentals:
Land and buildings 493 493 477 477
Office equipment 5 5 4 4
Auditors
remuneration
(excluding		 VAT)
In their capacity as external auditors 21 16 19 15
Otherfees 12 12
Loss on sale ofother fixed assets (7) (7)

Group LHT Group LHT
2023 2023 2022 2022
f000 f000 f000 f000
Proceeds ofsales 5 5
Carrying value offixed assets disposed
ofduring the year
(LOSS)/SURPLUS ON DISPOSAL 7 5

Group LHT Group LHT
2023 2023 2022 2022
6000 f000 F000 EOOO
Dividends received on investments 30 30 27 27
Bank interest 30 30 2 2
TOTAL 60 29 29

Group LHT Group LHT
2023 2023 2022 2022
The average number ofstaff employed
during the year, expressed as full time
equivalents, (i.e.35hours per week) was: 302 289 292 281
Group LHT Group LHT
Staffcosts 2023 2023 2022 2022
f000 OOOO 6000 F000
Wages and salaries 8,346 8,056 7,041 6,767
Social security costs 796 774 644 624
Other pension costs 348 335 312 300
Other Employee
benefits		 5 5 83 83
TOTAL 9,495 9,170 8,080 7,774
he number ofstaff whose emoluments
as asfollows:		 plus taxable benefits amou nted
to over f		 60,000during t he year
Group LHT Group LHT
2023 2023 2022 2022
860,000 - 270,000 3 3
670,000 - 680,000 1 1
680,000 - 290,000 1 1
F110,000 - F120,000 1 1

Group LHT Group LHT
2023 2023 2022 2022
8000 8000 r000 8000
The aggregate
emoluments
paid to or
receivable
by non-executive
Directors
and former non-executive
directors
The aggregate
emoluments
paid to senior
officers, including
salary, employer's		 480 480 387 387
pension
contributions
and benefits-in-kind
The emoluments
paid to highest
paid
olticer (Chief Executive), including 117 117 112 112
benefits-in-kind
but excluding
employer's
pension
contributions

GROUP AND LHT
Under
Completed Construction Total
6000 6000 6000
COSTIVALUATION
At 1 April 2022 10,610 10,610
Additions 1,955 38 1,993
Transfers
Disposals 20 20
At 31 March 2023 12545 38 12,583
DEPRECIATION
At 1 April 2022 4,240 4,249
Charge foryear 363 363
Eliminated
on Disposals		 13 13
At 31 March 2023 4,599 4,599
NET BOOK VALUE at 31 MARCH
2023 7,946 38 7984
NET BOOK VALUE at 1 April 2022 6,361 6,361
Housing
properties
comprise:
2023 2022
6000 f000
Freeholds 7,572 5,968
Long Leaseholds 16 16
Short Leaseholds 358 377
Assets under construction 38
7984 6361

Motor
Plant 8 erluiP vehicles Total
8000 6000 6000
COST/VALUATION
At 1 April 763 278 1,041
Additions 59 30 89
Disposals
At 31 March 822 308 1,130
DEPRECIATION
At 1 April 529 206 735
Charge for year 102 40 142
Disposals
At 31 March 631 246 877
NET BOOK VALUE at 31 March 2023 191 62 253
NET BOOK VALUE at 1 April 2022 234 72 306
15 FIXEDASSET INVESTMENT
LHT &Group 2023 2022f
Market value of investments at start of
year 1,003 937
Market value of investment sold during
the year
Market value of investments at end
ofyear 963 1,003
(Loss)/Gain in value during the year 40 66
(Loss)/Gain recognised in the
Statement ofComprehensive Income 40 66
40 66
Historic Cost of Investments 599 599
All investments are either unit trusts or fixed term investments with UK banks.

Group LHT Group LHT
2023 2023 2022 2022
6000 6000 fOOO fOOO
Amounts
falling due within one
year:
Rent arrears 1,186 1,186 898 898
Less: provision for bad debts (987) (987) (709) (709)
Non rental arrears 1,274 1,274 1,175 1,175
Less: provision for bad debts (145) (145) (177) (177)
Prepayments and accrued income 480 480 539 538
Intercompany balance 100
1808 1,908 1,726 1,725

Group LHT Group LHT
2023 2023 2022 2022
6000 6000 fOOO fOOO
Rent credit balances 239 239 278 278
Non rental credit balances 613 613 547 547
Trade creditors 217 217 232 232
Taxation, social security and pension payable 276 260 238 223
Accruals and deferred income 1,478 1,443 1,343 1,326
SP contract income received in advance 1 1
Deferred Capital Grant (note 18b) 84 83 83
2907 2856 2722 2690

Group LHT Group LHT
2023 2023 2022 2022
8000 6000 fOOO f000
Deferred Capital Grant (note 18b) 2,760 2,760 2,842 2,842
2760 2760 2 842 2842

Group LHT Group LHT
2023 2023 2022 2022
6000 6000 6000 6000
At the start ofthe year 2,927 2,927 3,008 3,008
Grant received during the year
Released to income
in the		 year (83) (83) (83) (83)
At the end ofthe year 2,844 2,844 2925 2925
Amount
due to be released		 &1
year 84 84 83 83
Amount
due to be released		 &1
year 2760 2,760 2842 2,842
2844 2,844 2,925 2925
Total grant received 4,721 4,721 4,721 4,721
19 PROVISIONS FOR LIABILITIESAND CHARGES
GROUP AND LHT 2023 2022
6000 6000
Opening
balance as at 1 April		 36
Utilised
in the year		 (36)
Additional
provision
Closing balance as at 31 March

0 CAPITAL CO MMITMENTS
Group LHT Gmup LHT
2023 2023 2022 2022
OOOO f000 f000 f000
Capital expenditure that has been contracted for but
has not been provided for in the financial statements. 559 559 149 149
The commitments as at 31 March will be financed as
follows:
Group LHT Group LHT
2023 2023 2022 2022
f000 f000 E000 f000
Revenue reserves ofthe Trust 559 559 149 149
559 559 149 149

Group LHT Group LHT
2023 2023 2022 2022
f000 OOOO f000 f000
Land and buildings:
In one year or more but less than hvo years 150 150 276 276
In two years or more and less than five years 371 371 372 372
In five years or more 54 54 131 131
Others, which expire:
In one year or more but less than two years 4 4
In two years or more and less than five years 5 9
In five years or more

uring th e year the Trus t ha d the following
intra~roup		 transactions
with its su		 bsidiaries:
2023 2022
8000 f000
Management charges from subsidiaries 16 16
Funding grant provided to subsidiaries 179

4 FINANCIAL INSTRUIt 6E NTS
a.GROUP
2023 2022
6000 oooo
Financial Assets Measured at Arnortised Cost:
Rent and Service Charge Debtors 199 189
Other Debtors 1,130 999
Cash and Cash Equivalents 3,702 5,721
Total Financial Assets 5,031 6,909
Financial
Liabilities Measured		 at Amortised
Cost:
Trade Creditors 217 232
Other Creditors 2,331 2,163
Total Financial Liabilities 2548 2,395
a. LHT
2023 2022
6000 oooo
Financial Assets Measured at Amortised Cost:
Rent and Service Charge Debtors 199 189
Other Debtors 1,129 998
Cash and Cash Equivalents 3,298 5,310
Total Financial Assets 4,626 6,497
Financial Liabilities
Measured		 at Amortised
Cost:
Trade Creditors 217 232
Other Creditors 2,295 2,153
Total Financial Liabilities 2,512 2,385