2020-12-31-accounts - Lakeland Housing Trust

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Reference and Administrative Detaih
Report oftbe Trustees	2 to	6
Report oftbe Indepeadent Auditors	7 to	10
Statemeat ofFinancial Activities
Salaace Sbeet	12 to	13
Cash Flow Statemeut	14
Notes Setbe Casb Fhw Statement	15
Notes totbc Fiaanchl Statements	16 to	22
Detailed Statemeat ofFlaaachl Activities	23 to	24

ACTIVITIES		NET CASH	FL	OW FR	OM OPERATIN	G
					31.12.20	31.12.19
Net iacome for the reporting Financial Activities) Adfnstmeats for:		period (as per tbe Statemeat	of		f. 693390	143,994
Profit on dispose! offixed assets Inanust received Interest paid (increase)/decrease in debtors Decmase in cteditors Net cash provhled by operations					(30) W97 (31,372) ~1322 650,458	(98,170) (236) 1,900 936 ~3,3221 43,102
ANALYSIS OFCHANGES		IN NET FUNDS/(DEBT)
			At	1.1.20	Cash flow	At31.12.20
Net cash				8
Cash atbank				44363	~9981	34382
					~9981	~34382
Debt
Debts fldling due after	1 year				~50 000	~50000
Total					50000	50000
					~59 981	~15 61

fort 7.	be Year Ended 31 Decem SUPPORT COSTS	ber 2020
				Governance
		Management	Finance	costs	Totals
				6
	Rental properties	637	9942	~46 947	57526
8.	NKT INCOME/(EXPENDITURE)
	Net income/(expenditure)	is stated atter charging/(crediting):
				31.12.20	31.12.19
	Auditors' mmuneration Surplus on disposal offixed assets			4,520	3,980

2.	DONATIONS	LEGACIES
				31.12.20	31.12.19
	Domuions			21	5,451
	Legacies Transfer ofpmperty	and funds fmm Grandy Nook		94,751 ~541919 ~63 691	~5451
3.	OTHER TRADING	ACTIVITIES
				31.12.20	31.12.19
					6
	Sales ofstone				400
4.	INVESTMENT INCOME			31.1220f	31.12.19 f
	Rents received			205,662	172378
	Deposit account interest			30 205,692	236 172,614
5.	OTHER INCOME			3).1220	31.12.19
				f.
	Gain on sale ofnmgible fixed assets				~98 170
6.	CHARITABLE ACTIVITIES COSTS
				Support
			Direct	costs (see
			Costs	note 71	Totals
				6
			91567	~57 26	~149093

for t	he Year Ended 31December 2020
IIL	COMPARATIVES FORTHE STATEMENT OF FINANCIAL	ACTIVITIES -continued
			Unmstricted
			funds
	TOTAL FUNDS CARRIED
	FORWARD		3962646
11.	TANGIBLE FIXEDASSETS
			Fmehold
			ploperty
	COST
	At I January 2020 Additions At 31 December 2020 NET BOOKVALIJE		3,9193,000 70IOI72 4 6'I I 372
	At 31December 2020		4671 372
	At 31December 2019		3,963,M6
12.	DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR
		31.12.20	31.12.19
	Rent mrears P repayments	1,801 ~70	f 444 ~2355
		~4171	~2799

fortb	e Year Ended 31December 2020	e Year Ended 31December 2020
13.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE		YEAR		31.1220	31.12.19
	Trade creditors Accruals and deferred income Accrued expenses				6,714 ~7675 ~14 89	21378 300 ~638 ~28 116
14.	CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN			ONE YEAR 31.1220		31.12.19
					8
	Bank loans (see note 15)				~50 000
15.	LOANS
	An analysis ofthe maturity ofloans is given below:
					31.1220 f	31.12.19 8
	Amounts falling between one and Bank loans - 1-2years	two years:			~50 000
16.	MOVEMENT IN FUNDS				Net
					movement	At
			At 1.1.20		in funds	31.12.20
					8
	Uarestricted funds General fund		3,982,046		693490	4,675,336
	TOTAL FUNDS		3,982,046		~693 90	4675336
	Net movement in funds, included	in the above are asfollows:
			Incoming			Movement
			resources			in funds
	Unrestricted funds General fund		842,3&3		(149,093)	693,290
	TOTAL FUNDS		84	83	149093	693

					Net	Transfers	Transfers
Untustricted fbads				At 1.1.19	movement in funds 6	between funds		At 31.12.19 f
General fund Miss Joan Nicholson TOTAL FUNDS		fund	3,641,753 196499 143994 3838052 143994 ~388 952 ~I43 94			194299 ~19~99		3,982,046 3982046 3982 946
Comparative net movement			in funds, included	in the above are as follows:
					incoming	Resources		Movement
					naources	expended		in funds
Unrestricted fuads						6		6
General fund
					276,635	(132,641)		143,994
TOTAL FUNDS					276,635	~132641		143,994
A cunent year 12months and			prior year 12months combined		position is as	follows:
					Nct	Transfers
Unrestricted funds				At 1.1.19 f.	movement in funds	between funds		At 31.12.20
General fund hdiss loan Nicholson	fund			3,641,753 196 99	837,284	196499 196 99		4,675,336
TOTAL FUNDS				3.838952 ~837 84		-	4,675336 ~4675 36

for the Year Ended 31
	31.1200	31.12.19
Plassca	6	6
Brought forwud Bank loan interest	7,645 ~297	632 1.900
	9,942	2,532
Governance costs
Auditors' remuneration Legal and professional fees Management fees Trustees liability insurance Hall him	4/20 216 41+87 527	3,980 1,020 36,459 527
	97	30
Total resources expended Net income	46,947 149093	~4016 ~13 641
	~693	143994

Lahehiad Housing Trust
Detailed Statement ofFinancial Activities
for the Year Ended 31December 2020	31.1220	31.12.19
	f.	8
INCOME AND ENDOWMENTS
Donations and legacies	21	5,451
Donations Legacies	94,751
Tnmsfer ofpmperty and funds from Grundy	~541919
Nook	636,691	5,451
Other trading acdvlttcs		400
Sales of stone
Investment income Rents received	205,662 30	17M78 236
Deposit account interest	205,692	172,614
Other Income		t 98 170
Gain on sale oftangible fixed assets Total incoming resources	842,383	276,635
EXPENDITURE
Charitable activities Rates and property expenses	8,402 10469	103l07 6,712
insurance		466
Postage and stationery Property consultancy fees	31,546 42~0	2833 62,422
Repairs and maintenance Provision for bad debts	(1,150)	1,150 ~352
Property related legal fees	91,567
Support casts
Management	637	851
Advertising
Finance Bank charges Carried forward	7,645 7,645	632 632