Charity Registration No. 1088936 Company R¢glstratlon No. 4104466 (England and Walw) LANGDON COLLEGE (A COMPANY LIMITED BY GUARANTEE) TRUSTEES, ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2020
LANGDON COLLEGE (A COMPANY LIMITED BY GUARANTEE) LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mrj Bolchover Mr5 S Fagelman {resigned 5 Miy 2021) Mrs T Farley Mr M Hamburger (resigned l Ottober 2020) MrsALe Mr B Miller Mrj Wineberg (resigned 26 Febnjary 2020) Mrs I Wolfe MBE Governor5 (in addition to the Trustee5) Mrs S Bourla Mrs F Epsr£in Mr P Miller College Principal Jane Baker Company Sècrètary Mr B Shine Charity number: 1088936 (England and Wales) Comparty number 4104466 (England and We5) Principal address 9 Lter Ayenue Salford Manche5tsr M7 4HA R•gister•d Officè UTht 506, Centennial Park, Centennial Avenue. Elstree. Borehamwood WD6 3FG Auditor Crowe U.K. LLP 55 Ludgate Hill London EC4M 7JW Banker5 Lloyds TSB 7° Floor 40 Spring Gardens Manchcstor M2 IEN
LANGDON COLLEGE (A COMPANY UMITED BY GUARANTEE) CONTENTS Page Truste&s' Annual Fieport IndependÈnt auditor's report Statement of financial activities Balance sheet Statèment of cash flows Notss to the accounts 12-20
LANGDON COLLEGE (A COMPANY LIMITED BY GUARANTEE) TRUSTEES. REPORT The Trustees present their report and accounts for the period ènded 31 December 2020. The accounts have been prepared in accordan wlth the accountlng policies set out in no I to the accounts and comply with Langdon College's Memornndum and Articles of Association, the Companies Act 2006, the Fin2ncial Reporting StaThJard IFRS 1021 and the Statement of Recomme4)ded Practice. 'SORP 2015" issued in July 2014. Reference and administrative details Langdon College 15 a regisiered charity (No. 10889361 and a company limitsd by guarantee and not having a share capital (No. 41044661. The rstered office is as shown on the legal and administracive page. The Trusteos on dato of this report, all of whom served throughout the period up until the date of signing these accounts unless inthcated below. are 2s follows: Mr5 A Levy Mr l Bolchover Mr5 T Farley Mr B Miller Mrsj Wolfe MBE Chairperson There also three non-Trus* g¢vÈrnors'. Mrs S Bourla Mrs F Epstsin Mr Peter llIer The Senior Man4ers of the College to whom day to &y management Is delegated are Mrs lane Baker (Principl), Paula Mitthell Dianne Reeves (both Assittant Principals). Struc¢ur¢i governanc¢ and management The Board of Tru5tee5 15 responsible for the overall govemance of Langdon College as a charity. Trustees are co- opced by the existing Board of Trustees or nominated by the Trustees of The Langdon Founda¢ion. Individual Trustees may remain Board Members until death, resign74tion or by unanimous Yote of the Board to terminate a Membees membership of the Company. There are no individval subscriptions or other sums payablc by Mefflbers. The Langdon Foundation, as the 501e member, has thÈ right to appoint and remove trustees of Langdon College. The Trustee5 a150 act as Governors of the College and addition Governors may also be appoin¢ed. The Trustees review manement remuneratyon annually via the finan committee. The College ensures its salaries rèrnain competitsve in thè labour markeL payinR individuals in line with norn) indusrry practice and standard& and benchmarkrnR salarie5 win5t other employers. LanRdon Colleie detsrmines the pay raw lor a Yacancy prior to adverusin% IL followin% the creation andlor amendment of a job description and SpecificaOn. On appointment the startin salary is determined within that ranRe to be offered to the successlul tandidate. based on relevant qualifications, experience and any recruitment and retention needs. Senior leadership sa13rie5 are b?sed on the same economic factors specified above. such as. qualifications. experience 2nd other factors such as supply and dernand. The extern31 advisors of Langdon College are as set out on the legal and administfdtive page.
LANGDON COLLEGE (A COMPANY UMITED BY GUARANTEE) TRUEE5, REPORT Corporate governance The Governor5 of the College meet regularly to enswe the dau and perfomian¢e Is mtsnltored and challenged. The collw quality improvement plan 15 Used to drive forward the d¢velopmeni of provision and address the areas identifd in need of improvemenL The Chair ofGovernors 2nd Principal worktogether to ensure the Foundation Board are kept abreas¢ of key stratwc 2nd operntional decisions. Induction and trdinlng for new Trvstees and Governors is facilir2ted by the Chairperson and the Collw Principal. Trustees and Governors have the opw)rtunity to mÈot all employees 2nd students. Risk management The Trustee5 have assessed the mijor risks to which thÈ Charity is exposed. specificallythose related to the operatiODS including care and safeguarding - 3nd finances of the charity and are sausfied that Systems are in place to miuga exposure to the major risks. Policies that are in place include Child and Adult safeguardi Anti-Bullyin& E-5afety. The Policies 3nd the Systems and procedurès that link to them are rewewed periodically to ensure that they styll meei the need5 of the chari¢y. Financial risks are dIscussj In the FInar1 Review below. The key risks that currendy face Langdon College and the principal mitigating 5trateges ar* Inability to recruit s¢udents whi¢h we managÈ by close lialson wlth local author[es to ensure the relevance and Ve of our offer, by maintaining the q1£Y of our educational Pro510 and by focused marketyng initiatives. Safeguarding 12ilure or adverse regulator opinion. Thè Tnjst keeps qUlty at the forefront of its styaw. The safeguarding risk is managed through rÈcruitment policie& trainins risk assessmen¢ operaung policy and inciden¢ reporting. The Cowd19 pandemic added an additional risk in 2020 and we prepared specifie action plans in responseto the situation. Addition PPE has been purchased as needed and wo have adapr£d our way of worlung wth those we support and in our olfices. Most of the income that relates to College from statutory sources has rem2ined secure. Costs haye been redUd where possible. Objectives. attiwities, achievements and perfoYman¢e ThÈ obiectives of Langdon Coll4e is the education of jewish young peopl4 primarity beLweell the ages of16 and 25 years with special educational neods and disabilitie5. Langdon College is the only independent proyider in the country tnakillg specialist residentil andlor day provision Specifically for Ilsh learners with leaming difficulties andl or di5abiliues in the w>st 16 further education sec¢or. The main objective5 for thi5 period continued to be the provision of education and development of independent living and employability skills. The College offers a range of activitie5, Such as.. Prografflmes from pre-entry to Level 2 and Pre-VocatiOn and V¢Xation programmes. Work based skill oppor¢uni¢ies with a wide rtnge of local employers and community organlsatlons. Embedded Skills for Life and Liwng acr05S the curriculum Functional skills Maths and En¥lish Employability Sknlls Award5. Elfective programme5 for the promotyon ol independent livin& Informatio advice and guidants to enable the learners co make informed choi5 which can lead to further tyainin& volun¢ary or pwd etnploymenL
LANGDON COLLEGE (A COMPANY LIMITED BY GUARANTEE) TRUSTEES, REPORT The key developments for Langdon College in 2020 are summarised below. The College continued co devdop the curriculum to ensure students develop their skills ¢0 en¢er the worfd ofwork and become as Independent has possible. Our focus remwns on our key strategic aim5'. 1. To achieve high quality outcomes for our students by prioriosing teaching and learnin& 2. To tontinu¢ to Imw¢ve levels of efflclency and to achleve outstandlng financi health. 3. To mMise opportunitie5 for 8rowth. The impact of the Covid pandemic on the Collego has been significant. The death of a student in the early wart ol the year and the Covid illness amongst students and their families has meant that normal delivery had to be altered. External work experienc& for example, has been suspended and the focus of the curriculum delivery has been changed to reflect the mental health and well_being n2eds of students, families and stafl. Attendance rernained high at 97% and a learner survey in the Autumn term 012020 registsred 89% of s¢udents being happy. Financlal revlew, management policies arml re$ult5 for the period The Ststement ofFinanci21 ActivitiÉs {SOFA). set out on page 8, shows that Langdon College hid Incomè of £1.204,5B5 (2019- £1.145.826} and expense5 of £1,169,091 (2019.. £1.042,235) leaving 4 surplus of £35,49512019.. £103,592). The Principal, as operation5 manager, discusses regularly with the Chair and qu2rteAy with the Board. any concerns. risks and unccrtainties that may face the College. The financial &nYironment in which the College operates remains tight and 11 continue to do so for the foreseeable luture. The Education and Skills Funding Agency is the primary source of the educarional fee funds, Elements l and 2. The Local Authoritie5 are the commissioning agents and primary contributor of funds for the care and therapy services received by studell classed as Element 3. Income has al¢ered proporiionally ¢0 the change5 ITh student numbers, their level of dependency and need and, the change from residential to day placement Additional income for 5tudenttravel and extrn-cuNicularand social activities has also bocn rOCved. The amounts reCved in donations this year was £21,46112019.. £56,190). The College wishes to thank those w gave generously EO its cause. During the period, student numbers stand at 37. In September 2020 we rented a Jewish Care i¥Jildin2 in Edgware which improved both our capacity and facilitie5 for studÈnts in Edgware, parricularly Sn the IEht of Covid safety measures. Principal sources of fundir]g Local Authority contratts constitu¢e the majority of the Co15ege's income.
LANGDON COLLEGE (A COMPANY LIMITED BY GUARANTEE) TRUSTEES. REPORT Reserves The Trugtses have established the level of reserves (that is those that are fredy available} they believe the Charity require in order to carry out it5 ac¢ivities. RèsoNes are needed to bridge the funding gaps between committed expenditure and receiving income from the Local Authoritie5. Reseryes are also held to tover the possibility ol a student ¢*'scontinuing their education through illness, re4ocation. etc. during the academic year. resulting in a loss of fees. The level ofunrestricted resee5 is £191,81712019.. £168.9121. It should be nothd tha¢ £25,764 (2018- £40.4811 reltt£s to Tangible Fixed as5Èts. lèaving £166,053 {2019.. £128,431) available as free reserve for the continuity of business, representing 14% of 2020 costs {2019.. 13%). The Tru5tees' current aim is to build Iree reserves equivalent ¢0 three months, budgeted costs, representing a fund of c£300,000. The reserves level will be reviewed each Yr. Costs continue to be monitored c105ely to ensure that effiaency is maintained whilst service provision incrÈa5èS. Restricted reserves are £23.73112019.. £11,142). Total funds are £215.548 (2019- £180,055). The Langdon Foundation has issued a letter of support to the charity. Investment pollcy and performance The present investmen¢ policy is that Langdon College does not hold shares or investments. Staff Tralnln8 and Career Development Langdon College is committed w the trainin& career developmeni and welfare of Its employees. An individual's career developtnent 15 assessed throu a Perlorn)ance Managemen¢ pro¢ess that is linked to enhance teachlng and learning. Future pla Langdon College wll continue to offer a curriculum that will ensure the developmen¢ of young people's Independence and work skills. monE fOard it is likety most of its provision will focus on 74 day provision. This is in light d an inereasing focus by Lool Authorltles to provide local edutIOn provi$ior4 rather than a high cost residenti environmenL The Principal has been tasked with ensuring relationships with the local authoritiès and Iocdl educational prowders Is strengthened.This approad) wll ensure increased grow¢h in day studencs. The College continues to adapt its provision in order that this can cononue remotely when necessary through the paTrdemic and when students have been unable physically a¢¢end the College. Connected charities Langdon College is connected to three charSties thwe being The Langdon Foundatio Langdon Community and Langdon Housing. which are all reySred with the Charity Commission. The Langdon Foundation has the right ¢0 appoint and remove truscees of Langdon College, Langdon Housing and Langdon Community. Fundraising The College does not underrake significant fundraising a¢¢iVIe$ that 1 wlthin the deflnitions of the Charitles (Pr0ctIOn and Social Investment) Act 2015. Publlc benefit The Trustees have complied with their duty in Settion 4 of the Charities Act 201 I to have due regard to the guidance published by the Charlty Commission. The benefit to the public is m3nifesdy demonstrnted by the achievements ontained in this repor4 all of whlch seeks LO extend and improve the carè of young people whose life chances, aspirnuons and contributions to society will be enhand, as a resulL
LANGDON COLLEGE (A COMPANY UMITED BY GUARANTEE) TRUSTEES. REPORT Dlsclosure of information to auditors Each ol the Trus¢ees ha5 confirmed that there 15 no information of which they are aware which is relevant to che audit, but of which the auditor is unaware. They hive each further confirnied that they have each taken appropriate steps to identify such rdevant inforniation and to establish that the auditors are aware of such information. Trustee5' re5pon5ibilitie5 in relation to the financial 5tatement5 The ChariLy'S trustees (who are also the directors of L3n8don College for the purpose5 of company lawl are responsible for preparing a trustee¢ annual report and financial statetnents in accordance wth applicable law and United Kingdom Accounting Srdndards (United Kingdom Gènerally Accepted Accounting Practice} including FRS 102 "The Financlal Reporting Standard applicable In the UK and Republ1£ of Ireland" Company law requires the Charity trustees to prepire financial sr2tements for each year which give 2 true 2nd fair view of the scao of affairs of the tharitable company and of the incoming resources and application of rewurce& including the income and expendi¢ure. of the charity for thi¢ period. In preparing thefinancial s¢aoments. the trustee5 are required selett suitable accounting policies and then apply them consistÈndy', observe the m¢thods principlès In the Charities SORP (Statemen¢ of Recommended Prnc¢ice)', make judgements and estimates that are reasonable aThJ pruden¢ state whether applicable UK accounting standards have been followed. subiect to any matsrial depar¢ures disclos and explained in the financial s¢atements- • prepare the financial statements on the goin8 concern basi5 unless it 15 inappropriate to presume that the Charity will continue in busine5S. Thè trustee5 arè responsible for keeping proper accounting records that disclose with reasonable accuracy at any timè the financial posltion of the Charity and to enable them to ensure that the ffinancial staMentS comply with the Companies Act2006 and the charity'5 constitution. They are also responsible for safeguarding the assets ofthe Charity and hen taking reasonable steps for the prevention and detection of fraud and other irrwlarities. The financi scatsments have been prepared in accorda4 with the provisions applic2blè to companies subject to the smajl conyanies, reyme. On behalf of the b02rd of Trustees Mrs A Levy Trustee Datè unè 2021
LANGDON COLLEGE (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF LANGDON COLLEGE Independent Audttoes Report to the Members of Langdon College Oplniort We have aUdId the linonci21 statÈments of Langdon CollegÈ ('the charitable company } for the year ended 31 December 2020 which cornprise the Statement of Financial Activities, Balance Shee¢ Cash Flow StatemewTrt and notes to ihe fiTrancTal statements, including significant accounting policie5. The finarbcial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporiing Standard applicable in the UK and Republic ol Ireland {United Kingdom Generally Accepted Acci)unting Practice). In our opinion the fin2nci315tatements= give a true and fair Mew of the ol the charitable comwany's affair5 as ai 31 December 2020 and of the its income and oxpenditurc. for the year then.ended., have been propedy prepared in accordance with United KitEdom Generally Accepted Accounting Practi-, and have been PrePad In accordan wlth the requirements of the Companies Aci 2006. Basls for oplnltsn We conducted our audic in accordance with International Standards on Auditing (UK) {ISAs (UKI) and applicable law. Our respon5ibilitie5 under those standards are further described in the Auditor's responsibilities for the audit of the financial statements 5ecuon of our report. We I independent of the eharitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilitics in &ccordanco wTrth theso requiromcnts. We belieyc thit the audit evidente we have obtained is sufficient and appropriats to provide a basis lor our opinion. Conclusions relating to going concèr In auditing the financial statanents, we have concluded that the trustee'5 Use of the going concern basis of accounting in the preparatyon of the financial statements IS 3ppropriate. Based on thé work we have performed. we have not identified any material uncertainties relating to events or conditions thi( individually or collectively. may cast significant doubt on thè charitablé company's ability to continue as a going conrn for a pÈriod of at least e1Ve months Irom when the financial statements are auth0ri5ed for issue. Our responsibilities and the responsibilitles of the trustees with respect to golng conrn are descrlbed in the relevant sec¢ions of this repor¢. Other IOnnation The trustees are responsible for the other information contained within the annual reporL The other information comprises the information indudcd in the annu31 repotrt other than the finCid statrments and our auditorfs report thereon. Our opinion on the ffinancrAI statsmenrs does not cover the other information and. except the extent otherwise ¢xplitidy stated In our repor¢ we do not express any forni of assurance conclusion thereo Our responsibility is to read the other information and, in doing so. consider whe¢her ¢he other informatyon Is materially inconsistent with the Financi statements or our knowledge obthned in the audit or otheThwse appears to be materially misstated. If we identify such matsrial InconsistÈles or apparent material misstatements, we are required to detem)ine whether this ¥Yes rise to a materlal misstatement in the financial statements themselves. If. based on thÈ work we have performeAI. we conclude that there is a material tnisstatement of this other information, we are required to report that facL We havè nothing (o report in this regard. Oplnions on other matters prèstribed by thé Companiès Att 2006 In our oplrion ed on the work undertaken in the course of ow audit the Informatlon ¥ven In the trustees. reporL whlch includes the direciors, report prepared fr)r the purposes ol ompany law. for the financlal year for whSeh the financlal statements are prepared Is conslstent with the financlal statsment& and the director5, rèport included within the trustees, report have been prepared in accordance with applicable legal requirements.
LANGDON COLLEGE (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF LANGDON COLLEGE Matters on which we arè required to report by exception In light of the knowledge and understanding ol the charitable company and its environrnent obtained in the course of the atylic we have not identified material nNs5taternents in the directors, rÈport included within the trustees, rep)rL We have nothiAg to report in respect ol thè follo4n£ matters In rdthon to which the Companies Att 2006 requlres us t¢ report co you if. in our opinion.. adequate and proper accounting records htve not been kept., or the financi31 statements are not in agreement with the accounting records and retum& or certain disclosures of trustses, remunera¢ion specified by law are not made.. or we have not received all the inforniation and explanations we require for our audit.. or the tmstses were not entided to prepare the financial statements in accordance with the small companies regime and take advantsge of the small companies, exemptions in preping the trustees, directors. report and from the requirement to prepare a strategic report. Responsibilities of trwtees As explained more fully in the trUses, responsibilitles statement set ouc on page 5, the trustees (who are also the directors of ¢he charitable company for the purposes of comyany lawl are responsible for the preparation of the financial s¢a¢ements and for beingsatysfied tha¢ theygive atrueandfair view, and forsuch interllal control a5 the trus¢ee5 determine is necessary to enable the prepara¢ion of financial 5¢atements ¢hat are free frorn material mi55tatemen¢ whether due ¢0 fraud or error. In prepiringthefiThancial ststement5, thetrustees responsiblelor a5ses51ngthe tharitable CompY'S ability to continue as a going concern, disclosing, as applicable. maiters related to going concern and using the going concern basis of accounung unless the trustees either intend to liquidate the charitable compaTry or to cease operations, or have no realistic alternative but to do so. Auditor's responsibilitie5 for the audit of thè financial statèmènts Our objectives are to obtain reasonable assurance about whether the financil 5tatetnents as a whole are free froTn material miss¢atemerhL whether due to fraud or error, and to issue an auditor 5 repori thit include5 our opiniot Reasonable assurance is a high level of assuranc& but 15 not a guardntee th3t an iudit conducted in accordan with ISAS (UK) will always detect a material missratemenr when it exists. Mis5tatement5 can arise from fraud or error and are considered macerial if, individually or in the aggregte, they could reasonably be expectsd ¢0 inlluence the economic decisions of users taken on the basis of these financial statements. Details of the extent to which the audit was considered cyble of detetting irregularlties, including Iraud and non- compliance with laws and regulations are sot out below. A fwrher de5crip¢ion of our responsibilities for the iudit of the financial statements is located on the Financial Reporting Cou11'S website aL www.frcL¢rg. . Thi5 descripuon form5 par¢ of our auditor's reptsr¢. Extent to which the wdit was considered capable of detecting irregularities, including fraud IrregularStles, including fraud, are instances of non4omplianco with laws and rcgulations. We identified and assessed the sks of material misstatement of the ffinancial sta¢emonts Irom irrogularities, whether due to fra1 or error, and discussed these between our athlit team members. We then dosigned and perfornied audit procedures responsive to those risks, including obtaining audit evidence sulficienc and appropriats to prowde a basis for our opinion. We obtsined an understanding of the legal and regulatory frameworks within which thé charitable company operates, l(xusing on those laws and regulations that have a dirert effect on the deterniination of materi21 amounts and di5closure5 in the financial statements. The laws and regulations we considered in this context were the Companies Act 2006, che Charities Act 201 I together with the Charities SORP IFRS 102)- We assessed the required compliance with these laws and regulations a5 pari of our audit procdure$ on the related financial statement items. In addits'on, we considered prowsions of other law5 and regulations th3t do not have a direct effect on the financial statements but compliance with whith mighi be fundamental to the charirable company s ability to operate or to avoid a matèrial penalty. We also considered the opportunities and inCenVe$ that may exist within the charitable company for fraud. Thè laws and regulations we considered in this context for the UK operations were General Dara Pr0ctIOn Regulation {GDPRI. health and safÈty legislttion, employment legislation, tax legislation. and CQC Regulations lor seNce prowdors and minagers.
LANGDON COLLEGE (A COMPANY UMITED B Y GUARANTEE) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF LANGDON COLLEGE Auditing standards limit the required audit procedures to identify non-compliance with these laws and regulations to enqviry of the Trustees 2nd other rnanagetnent and inspection of regulatory and legal correspondence, rf any. We identified the greatest risk ol material impaci on the financia] Statements Irom irregularities, including friud. to be within intome rtttsgnition. and the override ol controls by management. Our audit procedures to respond to these risks included enquiries of management about their own identification and assessment of the risks of irregularleS, sample testing on the posting ofjournals. reviewing accounting estimates for biases, reYwing regulatory correspondence with thè Charity Commission. and reiding minutes of meetings of those charged with govemant Owing to the inherent limitstlOW15 of an audit, there 15 an unayoidable risk thai we may not haye detected some matÈri•l missratements in the fin2ncial 5taternent5. even though we have properly planned and performed our audit in accordancÈ with auditing scaTrdard5. For example, the hjrther rernoved non-compliance with laws and regulations lirregularitiesl 15 from the events and cransattions reflecd in the ffinancial s¢atements. the less likely the inherently limited procedure5 required by auditing standard5 would identify 1¢. In addition. 35 with any audii there remained a higher risk of non- deiection of irregularities, as these may iwolve collusion. forgery. intenuonal omission5, misrepresenrations. or the override of internal controls. We are not responsible for prevencing nonwcompliance and cannot be expected to dec¢ non-compliance with all laws and regulations. Use of our report This report is made solely ¢0 the charitable company'5 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 5ra¢e ¢0 the charitsble company's members those matcers we are required to state to them in an auditor's report and for no other purpose. To the fulles¢ extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members a5 a body, for our audit work, for this reporL or for the opinions we have fornied. Tim Reood Senior Statutory Auditor For and on behalf of Crowe U.K. LLP Ststutory Auditor London 22 September 2021
LANGDON COLLEGE (A COMPANY LIMITED BY GUARANTEE) STATEMENT OF FINANCIAL ACTIVITIES (incorporating an income and expenditure account) FOR THE YEAR ENDED 31 DECEMBER 2020 Note Unrestricted Restricted funds fund5 Total funds 2020 Total funds 2019 Income from: Donation5 21,461 21,461 56.190 Charitable activities 1,122,S63 60,561 1,183,124 1.089.636 Investment Income Total ifbcome 1.144,024 60,561 1,204,585 1,145,826 ExpÈnditurè on: Crirable activities Eduvation and student recreation 1,123,159 45.932 1,169,091 1,041135 Total expènditurè 1,123,159 45,932 1,169,091 1,04123S Net inconie 20,865 14,629 35,494 103.591 Transfers between funds 2,040 (2.040) Net movement In funds 22,905 12,589 35,494 103.591 Reconciliation of fund Total funds brought forArd 108,912 11,142 180,054 76,463 Total funds carried fovNard 191.817 23.731 215,548 180,054 The s¢a¢ement of financi actsviye5 include5 all gain5 and losse5 recognised in the year. Al income and expenditure derive from continuing attNities. Thè statemenr of financial activities also complies with the requirements for an income and expendicure accoun¢ under the Companies Act 2006.
LANGDON COLLEGE (A COMPANY LIMITED BY GUARANTEE) BALANCE SHEET AS AT 31 DECEMBER 2020 Company reyistrauon number. 1088936 (Eand and Wales) 2020 2019 Fixed assets: Tangible assÈts 14 25,764 40.481 Current assets: Debtors Cash ot bank and in hand 15 123,183 155,970 74,376 188,507 Total Current assets 279,153 262,883 Liabilities: Creditory. Amounts hlling due within one year Nèt current assets (89,369) l a9,784 {123,310) 139.573 Total net assèts 215.548 180,054 The funds of the Charity. 17 Restrictd funds 23.731 11,142 Unrestricted funds 191,817 168,912 Total funds 18 215.S48 180,054 The financial statsments have been prepared in accordance with the PrOS1on$ applicable to companies, subject to the small companies, regim& The notes at pages 12 to 20 forni part of these accounts. Approved by the trustees 2nd authorlsed for Issue on.. l&1 une 2021 Mrs A Levy Trustee 10
LANGDON COLLEGE (A COMPANY LIMITED BY GUARANTEE) STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2020 Note Total Funds 2020 Total Funds 2019 Cash flows from operating activities: Net cash {used in)Iprovided by op¢ratin8 activities {27,309) 103.092 Cash flows fyom investing activitiès: Purchase of tsngible fixed assets (5,228) {34.407) Net cash (used in) investing artivities (5,228) {34.407) Cash flows from financing activities: Interest recelved Net cash provided by financing activities Change in cash and cash equivalènts In thè Mporting period {32,537) 68,685 Cash and cash equivalents at the beginning of the reporting period 188,507 119.822 Cash and cash èquivalents at the end of the reporting period 155,970 IB8,507
LANGDON COLLEGE (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2020 Accounting Policies The principal accounting policies adopted. judgements and key sources of estimation uncertainty in the preparation of the financial ststements are 3s follows.. 1.1 Basis of pr¢paration The fmancial statements havè been prepared in accordance with Accounung and Reporting by Charitie5.. Statetnent of Recommended Practice applicable to d)arities preparing their accounts in accordance WiLh the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 {effettive I january 2015) - (Charities SORP IFRS 102)), the Financi Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) and the Companies ACL 2006. The Charity meets the deffinirion ol a public benefit entity under FRS 102. Assets and liabilitiès are initially rècognised at hlscorlcal cost or transacdon value unless otheNtse stated In the relevant accounting policy. 1.2 Prepardtion of the account5 on a going concern basi5 The accounts have bn prepared on a going concern basi5 and the trustee5 believe there to be no materi uncerrainties about the Charity'5 ability to conunue 3s a going concern. Following recent thange5 in the management Stru(re. c95ts have been reviewed and are being alned with anucipated income streams. If necessary. Langdon Foundation provides i letter of support to the College covering thÈ rIOd to 31 DÈ£ember 2022. More information In respecl of factors affecting income and expenditure are See out in the Financial Review on page 3. Consideration has been given as the impact of the COVID 19 health emergency in 2020 and the College has continued to be lunded from the normal sources whilst modifying ddivery of tuition. 1.3 Income Income is recognised when the charity h2s entidement to the funds. Iny perforniance conditions attached to the itemls) of income have been met. it is probable that the income will be received and the amount can be measured reliably. IrKome toward5 the provision of education 15 recognised in the year in which education is provided. Income from governmet or other grants. whether "capital" gran¢s or "revenue" grants 15 recogni5ed when ¢he charity has entidementto the funds. 3ny perforrynnce conditions attached to the grants have been met, it is probible that the income wll be reCved and the amount can be measured reliably and is not deferred. Investment income is accounted for when receivable. 1.4 Expenditure ExpewKliture 15 recognised on accrua15 basi5 once the charity ha5 enred into a le8al or con5tructiYe obligation. ExpeThJiture includes any VAT which cannoc be fully recovered which is reportsd as part of the expenditure to which it relates. Charitable expenditure cotnpri5es those costs incurred by the charity in the delivery ol its activities and services for its beneficiarie5. It includes both costs that can be allocated direcdy to such activities and those costs of indirect nawre nécèssary to support them. Governance costs ilUde those costs associated with meeting the constituuonal 2nd sratutory requirements ofthe charity and include the audit fees and costs linked to the stratsgc management of the charity. All costs are allocated t¢ the one charitabl¢ a¢tyvi¢y. 12
LANGDON COLLEGE (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2020 Accourting Policie5 (Continued) 1.5 Tangible fixed assets and depreciation Tangible fixed assets are stated at cos¢ less depreciation. Depreciation 15 provided at rate5 calculated to write off the cost less estimated residual ¥alue of each asset over its expectrd useful lrfe, as lollows.. Fixture5, fithng5 & equipmeni Motor vehlcles Compucers 25% straight line 25% straight line 33% strdight line All slngle Items of equipment with a value less than £l.000 ha¥e not been capitalised. The policy with respect to impairment rÈYiews of fixÈd assets is that these assets are inspetted regularly for any Impairment and any defect remedied so as to Mntain the current value. 1.6 Debtors Trade and other debtor5 are recognised at the settlemen¢ amoun¢ due after any discount offered #nd prowsi¢n for bad and doubtful debt5. Prepayments are valued at the amoun¢ prepaid nec of any discgun¢5 due. 1.7 Cash at bank and in hand Cash at bank and cash in hand includes cash and short term highly liquid investmencs with a shor¢ maturity of three month5 or les5 from the date of acquisition or opening of the deposi¢ or similar account. 1.8 Creditors and provisions Creditor5 and prlS1on5 are r¢¢ognlsed where the Charity has a present obligation resulvng from i pase event that will probably result in the ts2nsfer of funds to a third party and the amount due to setde the obligation can be measured or estiffl•tcd reliibty. Creditors and provrsions are normally recognised at their se¢dement amount afLer allowing for any discounts due. 1.9 Financial instruments The Charity only has fmancial assets and liabilities of a kind that qualify as basic fiTrancial instruments. Basic finanoal instruments are inityally rccognised at traCtion value and Subsequently measured at their setclement Yalue. . l O Pensions The Langdon Foundauon operates a defined contribution 5cherne which certain College staff are members of. The College is also a member of the Teachers. Pension Scheme (TPS} which is a rnulti-employer pension scheme available to teaching staff. It is no¢ possible to idenvly the charitls share of the underlying a55ets and liabilities of the TPS on a consistent and reasonable basis and therefore the scheme is atcounted for as if It were a defined- contribution 5cherne. As a resulL the amount charged in the ffinancial ststements reprèsènts contribuuons payable ¢0 the schÈrne In respect of the accountyng period for both schemes. l. I l Operatin8 leases Rentals payable under operating leases are charged again5¢ in¢ome on a strnlght Ilne basls over the perlod of the lease.
LANGDON COLLEGE (A COMPANY LIMITED B Y GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2020 Accounting Policies (Continued) 1.12 Fund accountlng Untricted funds are available for use at the discrètson of the TrustÈÈs in furthw•nce of the general objectives ol the charfiy. Restricted funds are fund5 which are to be used in accordance with specific restrictions imposed by donor5 or which have been rar5ed by the charity for parClar purposes. The aim and use of each restrlcted funds Is set out in the notes to the financial stateménts. Désignted funds represent lunds which are unrestrltted but the Trustees have deslgned them for a speclfic purpose to further the objectwes of the charity- 1.13 Cvltl¢al a¢¢ountlng estlmatès and areas of ludgement In the application of the Charity's accounting policies, Trustees 2re required to make judgement5, estimates and assumptions abou¢ ¢he wrying value5 of a55ets and liabilicies that are not readily apparent from other sources. The estimites and undedying assumptions are based on historical expèrièncè and other factors thit arè considÈrÈd to be relewanL Actu results may differ from these estimates. The errimates and undertying assumptions are reviewed on an onwgoing basi5. Revisions to accoun¢ing esuma are recognised in the perlod in which the estimate is revised if the revision affects only that period or in the period of the revision and future period5 if the re510 affects the current and future peri(xJs. In the view of thÈ TrustÈès. no atsumptions concerning the future or estimation Uncer1 affecung assets and liabilities it the balance sheet dite are likely to result in a material adjustment to their tarrying amounts in tho next financial year. Legat status of the Charlty Langdon Colleg is a règiswéd dbirity {No. 1088936) and a company Ilmited by guaraneee and not hang a share capit21 {No. 4104466}- The registered office is Unit 506, Centennial Park, nAnia1 Avenue, Elstree, Borehamwood WD6 3FG The company does no¢ have share opital and is limiwl by guarantee. In the event of the company being wound UP• the maxim amount which each member is liable to contribu* is £10. Income frorn donations Unrestricted Restricted funds funds Total funds 2020 Total funds 2019 DotiOnS 21,461 21,461 5&190 In 2019 all donations We nStricted.
LANGDON COLLEGE (A COMPANY LIMITED B Y GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2020 Income from charltable activlties Unrestrlcted ftsnd5 Restrlcted funds Total funds 2020 Total funds 2019 Fee5 .114.289 8,274 1,122,563 ,114,289 60,$61 68,835 60,561 1.183.124 1.037.100 Other income and grants receiyed 52,536 1.089,636 In 2019 income froTn charitable aCEivities was allocated as follow& £1,045,579 to Unrestrlcd fijnds and £44,057 to restricted funds. Investment income 2020 2019 Interest receivable (unrestricted fvnds) Expendithre on charitable activitie5 Total 2020 Tot 2019 Education and student recreation Staff costs Rent Therapists and consultants Food al provision5 Light and heat Repairs and renewls Other direct C95ts Depreciation Governance costs {see note 71 689,625 33,477 138.944 7.062 14.758 23,424 233,576 19,945 8,280 1.169.091 643.782 17.700 141.507 15,209 12,040 1&315 173,185 14.747 5.750 1,042,235 For 2019, expenditure on charitable acuw¢ies wa5 £1.042,235 of which £1,003.556 was unrestricod and £38,679 was restricted. All support cos(s are related to the provision of education and student recreation. Analysi5 of govèrnancè costs The Chariry identifies those costs which relate to the governance function. Having identiled its governance costs. these a all allocated 2gainst the one charitable activity. 2020 2019 Other governance cost5 comprise- Audit Other 6.000 2,280 5,750 8.280 S,750
LANGDON COLLEGE (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2020 Net Income I {¢xp¢ndltuve) for th¢ year Thi5 15 stthd after charging- 2020 2019 Depreciation Building lease rentals Auditor's remunwation 19,945 33,477 6,000 59,422 14,747 17,700 5,750 38,197 Analysts of staff costs, trustee remuneration and expenses, and the c05t of key management personnel 2020 2019 Wages and salaries Social security COSts Pension 562,327 Sl.090 76,208 689.625 541.779 45,082 56,922 643,782 The number of emtAoyees hawng benefits in excess of £60.000 we 2020 Numb8r 2019 Number £60,000 to £70,000 £70.000 to £80,000 The key management personnel of the Charity comprises the senior management team as detailed on page l of the trustees, reporL The total payments made by the charity in respect of the senior managetnent team were £235,644 (2019.. £213.044). There were no termination payments paid during the year (2019: none). None of the Trustees lor any persons connected with them) received any remuneratlon during the period neither were they rEimbursed expenses during the year12019.. £nil}. 10 Staff Numbers The average montmy head cOt of employees during the year was as follows: 2020 Number 2019 Number Chari¢aEAe ac¢ivityes Administration 21 21 24 24 16
LANGDON COLLEGE (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2020 I I Pension and othèr po$t.retirement benefit commitments The College participates in the Teachers, Pension Scheme C'the TPS,) for its teaching staff. The pension charge for the year includes contributions payable to the TPS of £76,208 (2019: £56.9221 and at the year-end £9.094 (2019- £9,082) was accrued in respect ol contributions to thi5 scherne. The TP5 Is an unfunded multi-employer defined benefjts pension scheme governed by The Teachers, Pensions RegUlaty0 2Ql O las amended) and The Teachers, Pension Scheme Regulitions 2014 {as amended). Member5 concribu on a "pay as you 80" basls wlth contributions from members and the employer being credited to che Exchequer. Retirement and other penslon beneflts are paid by public funds prowded by Parliament. The employer contributlon ra¢e is Set by the Secretary of Stste following scheme ValuaOn$ undertaken by the GovernTneni Actuary's DepartmenL The mosc recent actuari valuation of the TPS wis prepared as at 31 March 2016 and the Valuation Repor¢ which was published in March 2019. confirmed tha¢ the empfoyer contribution rate for the TPS would increase from 16.4% to 23.6% from I Sepomber 2019. Emplgyers are 50 required to pay a scheme administration levy of 0.08% gNing • total employer contribution rate of 23.68%. The 31 March 2016 Valuation Report was prepired in accordance with the benefits set out in the scheme regulations and under the approach specified in the Directions 3s they applied at 5 March 2019. However. the assumptions were considered and set by the Department for Education prior to the ruling in the 'McCloud15argeant case.. This case has required the courts to considcr cases regarding the itnplementation of the 2015 reforms to Pubfic Service Pensions including the Teachers, PensioThs. On 27June 2019 the Supreme Courtdenied the government permission to appeal the Court ol Appeal's judgment that transitional provisions introduced to the reformed pension sthemès in 2015 gave rise to unlaw1 age discrimination. The government is rosp2Cting the Court's decision and has said it will engage fulty with the EmployrDen¢ Tribunal as WEII a5 ernployer membÈr representatives to agree how thè discriminations will be remedied. A consdtation Wds launched by thegovernmenton 16luly2020, 2nd closed to responses on I l October 2020. As a result of the con5ultstion, the governwnent announced on 4 February 2021 that it Tntends to proceed with a deferred clK)ice underpin under which members will be able to ch005e either legacy or reformed scheme beneffits in respect of their service during the period between l April 2015 and 31 March 2022 at the point they become payable. TheTPS is subjett rA) a Cost cap rnechanism which was put in place to protect wpayer5 against unforeseen change5 In scheme costs. The Chief Secretary to the Treasury. having in 2018 announced that there would be a review of this cost cap mechanism, in January 2019 announced a pause to the cost cap n)echanism following the Court of Appeal's rulin¥ in the McclolIsrge1nÉ case and until there is certainty about the value of pensions to employees from April 2015 onward5. The pause was lifted in July 2020 and the government is preparing te complets the cort on¢rol element of the 2016 valuatiOn5, which is expected to be completed in 2021. In view of the above rulings and decisions the a55uwnption5 Used in the 31 March 2016 Acwarial Valuation may become inappropria. In thi5 scenario. a valuation prepared in accordance with revised benefits and suitab revi58d assumptions would yield differen¢ results than those contained in the Aituarial Valuation. Until the cost C2p mechanism review is compleced it is not Possible to conclude on any ffinan¢ial impact or future ch2nges to the contribution rates of the TPS. Accordingly no provision lor any additional past benefit pension costs is included in these financial 5t2tements. 17
LANGDON COLLEGE (A COMPANY L1fv11TED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2020 12 Related party transactions The charity Is connetted to The Langdon Foundation {rewstered charity number: 1142742, wstered company number. 7621714). Langdoft Communiiy (registered trItY number.. 1086393, regstered comnY nurnber.. 4055338) and Langdon Housing {regis¢ered charity number. 114743. regstered company number.. 76232461, all of which are incorporated charitable companies rstsred in England and Wales thac do no¢ have share capital and are limi¢ed by guarantee. At the year end, the charity had a crethtor of £21750 (2019: £57,182) due to The Langdon Foundation. During the year the Lavbgdon Foundation charged the charity building lease rents of £18,144 {2019.. £17,700) which are included in the atnouni sttted in Note 8 above, and recharges of £16.90012019.. É14,4501 for certain shared costs induding Insurance, Audit and ICT costs. The chari¢y also received donaoons to[ling £14.040 thai were initially received by Langdon Foundation. At the year ènd, the charity had a debtor of £4,58412019: £23,062) due from Langdon Community in rèspert of shared r$on7 costs. A¢ the yr end. the charity had a debtor of £nil12019= £&3701 due frorn Langdon Housing for property repwrs. The ultimate controlling party of Langdon College 15 The Langdon Foundation. a charitable company {cornpany number 7621714, charity number 11427421 in whose accounts the re5uIt5 have been con501idated. The Langdon Foundation 15 the sole member of Langdon College. The Langdon Foundation owns properties, raises funds and gives donations to Langdon Colleg& Langdon Community and Langdon Housing. Con5olidatsd accounts for the Langdon Foundation can be obtained from the same regisred office as the charity. 13 Corporatson tax As a chirity. Langdon College is exempt from UK tsx on income and gains to the extent thtt these are applied to its charitable objects. No UK tax charges have arisen in the ChariLY. during the year or the previous year. 14 Tan8ible fjxed a55et$ Office equipm¢nt F5xtures. Fittings and equipment Motor Vehicles Total Cost As at l January 2020 Additions 29.821 5.228 67,867 6,500 104,188 5.228 A$ at 31 December 2020 35.049 67,867 0,500 109,410 Depreciation: As at l January 2020 Charge for the year 3,357 10,554 55,746 7,766 63,707 19,945 1,625 Ag at 31 Decernber 2020 13,911 63,512 6.229 83.652 Net book value As 31 December 2020 21,138 4,355 271 25.764 As 31 December 2019 26,4(A 1,896 40,481
LANGDON COLLEGE (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2020 l assets are used for charitable purposes. 15 Debtors 2020 2019 Trade debtors Amounts owed by group undertaking5 Prepayments and accruÈd income 3,635 4,584 114,964 123.183 34,081 29.432 10.863 74,376 16 Creditor5: amount5 f118 due within one year 2020 2019 Trade creditors Atnounts owed to group undertakings Taxation and social security costs Other creditors Accruals 22,467 22,750 20,656 38,886 57,182 21,390 102 5,750 123,310 23.496 89.369 17 Analys15 of tharitable fund5 Analysis of movements in restricted funds Balance as at l January 2020 Income Expenditure Transfers Funds as at between 31 December Funds 2020 LaptOP5 for students Brotherton Real Estate Norrn Laski Memorial cr City Bridge Trus¢ ESFA Pension Gran¢ ESFA Tuition Fund ESFA Capital Programme 1040 11040) 1,807 12821 13831 19,2621 129,4201 1,525 1,617 738 I(0 10,000 29,420 4,415 116B6 60,561 4,415 15.436 23,731 9,335 11,142 16,5851 45,932) {2,040) Analy515 of movements In restricted funds- prior year Balance a5 ai I January 2019 Income Expenditure Funds as at 31 December 2019 Donations Brotherton Real Es¢a¢e lan Karten Charicy Grant ESFA Capid Programme 186 11861 (3,0641 (24,314) 4,871 24,314 14.872 44,057 1.807 5,578 5,764 EFSA items are for specific purposes as noted Brotherton Real Esta* is towards the cost of creating a music room for students lan Karten Charity Grant was towards the cost of 3 diyral printing operntion. Civ Bridge Trust fund5 are towards the c05t of therapy for students during the Covid pandemic Norman Laskn Memorial CT funds the garden projett LaptOP5 for Students were funded by Arbib Lucas Charity and Jews Temporary Shelter 9,335 (38,6791 19
LANGDON COLLEGE (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2020 18 Analysi5 of net a55ets between fund5 Unrèstricted Rostri£tèd fund5 lunds Total Fund balances it 31 December 2020 are represented by. Tangible fixed assets Current assets Creditors 25,764 255,422 (89,369} 191,817 25,764 279,153 {89,369) 215,548 23.731 23,731 Analysis of net assets betweèn funds- prior yéar Fund b31ances ac 31 December 1019 are represented by.. Tangible fixed assets Current aets Creditor5 40,481 251,741 (123,310) 168.912 40,481 262,883 {123,310} 180,054 11,142 19 Comrnitsments under operating leases Land and Buildings The fucure minimum payment5 under non-cancelllble operating leises are.. 2020 2019 Expiry date.. No later than one year 7,667 20 Reconciliation of net movement Sn funds to net cash flovi from operatin¥ activitles 2020 2019 Net movetnent in funds Add back depreciation charge Deduct interest incorne shown In finaneSng accSvities (IncreasellDecrease in debtors (Decrease) in creditors 35,494 19,945 103.592 14.747 (48,807) 8S,635 (33,941) 1100,882) Net cash (used in) I provided by Dperatin8 activities (27,309) 103,092 20-