Docusign Envelope ID: 27A6D8D0-6641-8374-8077-17CFF92703F3 

**Charity Registration No. 1088936** 

**Company Registration No. 4104466 (England and Wales)** 

## **LANGDON COLLEGE** 

**(A COMPANY LIMITED BY GUARANTEE) TRUSTEES’ ANNUAL REPORT AND ACCOUNTS** 

**FOR THE YEAR TO** 

**31 AUGUST 2025** 



Docusign Envelope ID: 27A6D8D0-6641-8374-8077-17CFF92703F3 

## **LANGDON COLLEGE** _**(A COMPANY LIMITED BY GUARANTEE)**_ LEGAL AND ADMINISTRATIVE INFORMATION 

|**Trustees**|Mrs E Castleton|
|---|---|
||Mr N Doffman|
||Mr P Goldberg|
||Mr J Heaton-Jennings (appointed 14 February 2025)|
||Rabbi D Mason  (appointed 14 February 2025)|
||Mr A Moss   ( appointed 19 September 2025)|
||Mr M Shelton|
|**College Principal**|Silvia Labra|
|**Company Secretary**|Mr P Darnell|
|**Charity number:**|1088936 (England and Wales)|
|**Company number**|4104466 (England and Wales)|
|**Principal address**|Rectory Lane|
||Edgware|
||HA8 7LF|
|**Registered Office**|333 Edgware Road|
||Floor 3|
||London|
||NW9 6TD|
|**Auditors**|Cohen Arnold|
||New Burlington House|
||1075 Finchley Road|
||London|
||NW11 0PU|
|**Bankers**|Lloyds TSB|
||7thFloor|
||40 Spring Gardens|
||Manchester|
||M2 1EN|





Docusign Envelope ID: 27A6D8D0-6641-8374-8077-17CFF92703F3 

## **LANGDON COLLEGE** _**(A COMPANY LIMITED BY GUARANTEE)**_ CONTENTS 

||**Page**|
|---|---|
|Trustees’ Annual Report|1-4|
|Independent auditor’s report|5-7|
|Statement of financial activities|8|
|Balance sheet|9|
|Statement of cash flows|10|
|Notes to the accounts|11-20|





Docusign Envelope ID: 27A6D8D0-6641-8374-8077-17CFF92703F3 

## **LANGDON COLLEGE** _**(A COMPANY LIMITED BY GUARANTEE)**_ TRUSTEES’ REPORT 

The Trustees present their report and accounts for the period ended 31 August 2025. 

The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with Langdon College's Memorandum and Articles of Association, the Companies Act 2006, the Financial Reporting Standard (FRS 102) and the Statement of Recommended Practice, “SORP 2015”, issued in July 2014. 

## **Reference and administrative details** 

Langdon College is a registered charity (No. 1088936) and a company limited by guarantee and not having a share capital (No. 4104466). The registered office is as shown on the legal and administrative page. 

## **Structure, governance and management** 

The Board of Trustees is responsible for the overall governance of Langdon College as a charity. Trustees are coopted by the existing Board of Trustees or nominated by the Trustees of KisharonLangdon. There are no individual subscriptions or other sums payable by Members. KisharonLangdon, as the sole member, has the right to appoint and remove trustees of Langdon College. 

On 1 August 2023, Langdon Foundation (then the sole member of Langdon College) merged with Kisharon to form the KisharonLangdon Group. On 31 August 2024, KisharonLangdon Group became the sole member of Langdon College. 

The external advisors of Langdon College are as set out on the legal and administrative page. 

## **Current Developments** 

Following the Ofsted inspection in July 2024, which judged Langdon College to be inadequate, significant structural and operational changes were implemented. These included the closure of the Manchester sites and consolidation of provision at the Edgware site, alongside strengthened partnership working with Local Authorities to secure appropriate transitions for affected students. 

Since August 2025, the College has continued to stabilise and improve. A subsequent inspection in March 2026 confirmed that safeguarding standards are met and that the College is operating at the expected standard across key areas, including leadership, governance, curriculum and student outcomes. This reflects substantial progress in strengthening leadership, improving teaching quality, and embedding a more coherent and ambitious curriculum. 

Leaders and trustees have established a clear vision for high-quality specialist provision, supported by a restructured governing body and strengthened oversight. The curriculum has been redesigned to better support students’ progression towards independence, employability and adulthood, although further development is ongoing to broaden opportunities, particularly in work experience and external partnerships. 

The College continues to work closely with the Department for Education to ensure sustained compliance and continued improvement. 

- 1 - 



Docusign Envelope ID: 27A6D8D0-6641-8374-8077-17CFF92703F3 

## **LANGDON COLLEGE** _**(A COMPANY LIMITED BY GUARANTEE)**_ TRUSTEES’ REPORT 

## **Objectives, Activities, Achievements and Performance** 

The objective of Langdon College remains the education and preparation for adulthood of Jewish young people aged 16 to 25 with special educational needs and disabilities. 

The College provides: 

- Programmes from pre-entry to Level 2, including vocational and pre-vocational pathways 

- A structured curriculum focused on independence, employability and life skills 

- Functional Skills in English and Mathematics 

- Work-related learning 

- Personalised learning aligned to Education, Health and Care Plan outcomes 

- Independent living and community participation programmes 

- Information, advice and guidance to support progression into employment, further training or adult services 

## **Performance and impact** 

Since the previous reporting period: 

- Students are making appropriate progress towards their EHCP outcomes and independence goals 

- The majority of students move into positive destinations, including employment and voluntary roles 

- Teaching has improved, supported by a more structured curriculum and better use of assessment and tracking systems 

- Students demonstrate increasing independence through practical and community-based activities 

The College continues to develop its curriculum and provision, with a particular focus on: 

- Expanding work experience opportunities beyond existing networks 

- Strengthening the use of data to inform inclusion strategies 

- Ensuring consistently high expectations across all teaching and support 

## The College’s strategic priorities remain: 

- To secure consistently high-quality teaching and learning and improved student outcomes 

- • To maintain financial sustainability within the wider charity context 

- To develop and grow provision in line with local need and demand 

## **Risk Management** 

The Trustees have reviewed the principal risks facing the College, informed by the latest risk register (March 2026), and are satisfied that appropriate systems and controls are in place to mitigate these risks. 

Robust policies and procedures are in place across safeguarding, behaviour, health and safety, and financial management. These are regularly reviewed to ensure continued effectiveness. 

- 2 - 



Docusign Envelope ID: 27A6D8D0-6641-8374-8077-17CFF92703F3 

## **LANGDON COLLEGE** _**(A COMPANY LIMITED BY GUARANTEE)**_ TRUSTEES’ REPORT 

## **Key risks and mitigating actions** 

Educational quality and regulatory risk: The risk of failing to maintain educational standards or receiving an adverse regulatory judgement has reduced following the March 2026 inspection, which confirmed that the College is meeting expected standards and has effective safeguarding arrangements. Continued focus is placed on curriculum development, quality assurance and leadership oversight. 

Safeguarding: Safeguarding remains a core priority. Systems are robust and embedded, with a strong culture of vigilance across the College. However, capacity risks remain due to reliance on a small number of trained safeguarding leads, and succession planning continues to be a focus. 

Financial sustainability: The College continues to operate within a challenging financial environment. Key risks include rising staffing costs, low student numbers, and reliance on wider charity support. Fundraising pressures across the sector and wider economic conditions increase this risk. Mitigation includes close financial monitoring, scenario planning, and active engagement with Local Authorities to secure placements 

Student recruitment and viability: Low student numbers remain a strategic risk to financial viability, although this has improved slightly due to positive consultation activity for future cohorts. The College continues to work closely with Local Authorities and families to ensure its offer remains relevant and attractive. 

Premises and infrastructure: The current building presents limitations, including a lack of specialist teaching spaces such as sensory rooms and appropriate staff facilities. This constrains delivery of the full curriculum and remains a high-level operational risk. Options for adaptation and longer-term development are under consideration. 

Workforce and capacity: While staffing is currently stable, sector-wide recruitment challenges and financial constraints limit flexibility. There are also risks related to succession planning and leadership capacity, particularly in specialist and senior roles. 

Governance and leadership capacity: Recent strengthening of the trustee board has improved oversight and strategic direction. However, capacity constraints and specific skills gaps, particularly in financial oversight, remain under review. 

External risks: These include changes to EHCP legislation, which may affect funding and access to support, and wider risks such as increased antisemitism and cyber threats. Appropriate monitoring and security measures are in place. 

## **Financial review, management policies and results for the period** 

The Statement of Financial Activities (SOFA), set out on page 9, shows that Langdon College had income of £1,735,787 (2024: £1,326,357) and expenses of £1,859,409 (2024: £1,513,758) leaving a deficit of £123,622 (2024: £187,401). 

The Principal discusses regularly with the Board, any concerns, risks and uncertainties that may face the College.  The financial environment in which the College operates remains tight and will continue to do so for the foreseeable future. 

The Education and Skills Funding Agency is the primary source of the educational fee funds, Elements 1 and 2. The Local Authorities are the commissioning agents and primary contributor of funds for the care and therapy services received by students, classed as Element 3. 

Local Authority contracts constitute the majority of the College's income. 

- 3 - 



Docusign Envelope ID: 27A6D8D0-6641-8374-8077-17CFF92703F3 

## **LANGDON COLLEGE** _**(A COMPANY LIMITED BY GUARANTEE)**_ TRUSTEES’ REPORT 

## **Reserves** 

As at 31 August 2025 the College had reserves of £1,981 (2024:  £125,603) 

## **Staff Training and Career Development** 

Langdon College is committed to the training, career development and welfare of its employees. An individual's career development is assessed through a Performance Management process that is linked to enhance teaching and learning. 

## **Connected charities** 

Langdon College is part of the KisharonLangdon Group. 

## **Fundraising** 

The College does not undertake significant fundraising activities that fall within the definitions of the Charities (Protection and Social Investment) Act 2015. 

## **Public benefit** 

The Trustees have complied with their duty in Section 4 of the Charities Act 2011 to have due regard to the guidance published by the Charity Commission. The benefit to the public is manifestly demonstrated by the achievements contained in this report, all of which seeks to extend and improve the care of young people whose life chances, aspirations and contributions to society will be enhanced, as a result. 

## **Disclosure of information to auditors** 

Each of the Trustees has confirmed that there is no information of which they are aware which is relevant to the audit, but of which the auditor is unaware. They have each further confirmed that they have each taken appropriate steps to identify such relevant information and to establish that the auditors are aware of such information. 

## **Trustees’ responsibilities in relation to the financial statements** 

The Charity’s trustees (who are also the directors of Langdon College for the purposes of company law) are responsible for preparing a trustees’ annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland”. 

- 4 - 



Docusign Envelope ID: 27A6D8D0-6641-8374-8077-17CFF92703F3 

## **LANGDON COLLEGE** _**(A COMPANY LIMITED BY GUARANTEE)**_ TRUSTEES’ REPORT 

Company law requires the Charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing the financial statements, the trustees are required to: 

- select suitable accounting policies and then apply them consistently; 

- observe the methods and principles in the Charities SORP (Statement of Recommended Practice); 

- make judgements and estimates that are reasonable and prudent; 

- state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; 

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business. 

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the Charity and to enable them to ensure that the financial statements comply with the Companies Act 2006 and the charity’s constitution. They are also responsible for safeguarding the assets of the Charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities. 

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime. 

On behalf of the board of Trustees 


**Mr P Goldberg** Trustee 

12 June 2026 

- 5 - 



Docusign Envelope ID: 27A6D8D0-6641-8374-8077-17CFF92703F3 

## **LANGDON COLLEGE** _**(A COMPANY LIMITED BY GUARANTEE)**_ INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF LANGDON COLLEGE 

## **Independent Auditor’s Report to the Members of Langdon College** 

## **Opinion** 

We have audited the financial statements of Langdon College (‘the charitable company’) for the period ended 31 August 2025 which comprise the Statement of Financial Activities, Balance Sheet, Cash Flow Statement and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). 

In our opinion the financial statements: 

- give a true and fair view of the state of the charitable company’s affairs as at 31 August 2025 and of its income and expenditure, for the period then ended; 

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and 

- have been prepared in accordance with the requirements of the Companies Act 2006. 

## **Basis for opinion** 

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charitable 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 responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. 

## **Conclusions relating to going concern** 

In auditing the financial statements, we have concluded that the trustee's use of the going concern basis of accounting in the preparation of the financial statements is appropriate. 

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. 

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. 

## **Other information** 

The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. 

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. 

We have nothing to report in this regard. 

## **Opinions on other matters prescribed by the Companies Act 2006** 

In our opinion based on the work undertaken in the course of our audit 

- the information given in the trustees’ report, which includes the directors’ report prepared for the purposes of company law, for the financial year for which the financial statements are prepared is consistent with the financial statements; and 

- the directors’ report included within the trustees’ report have been prepared in accordance with applicable legal requirements. 

- 6 - 



Docusign Envelope ID: 27A6D8D0-6641-8374-8077-17CFF92703F3 

## **LANGDON COLLEGE** _**(A COMPANY LIMITED BY GUARANTEE)**_ INDEPENDENT AUDITOR’S REPORT 

## TO THE MEMBERS OF LANGDON COLLEGE 

## **Matters on which we are required to report by exception** 

In light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the directors’ report included within the trustees’ report. 

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion: 

- adequate and proper accounting records have not been kept; or 

- the financial statements are not in agreement with the accounting records and returns; or 

- certain disclosures of trustees' remuneration specified by law are not made; or 

- we have not received all the information and explanations we require for our audit; or 

- the trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies’ exemptions in preparing the trustees’ directors’ report and from the requirement to prepare a strategic report. 

## **Responsibilities of trustees** 

As explained more fully in the trustees’ responsibilities statement set out on page 4, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. 

In preparing the financial statements, the trustees are responsible for assessing the charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so. 

## **Auditor’s responsibilities for the audit of the financial statements** 

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. 

## **Extent to which the audit was considered capable of detecting irregularities, including fraud** 

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We identified and assessed the risks of material misstatement of the financial statements from irregularities, whether due to fraud or error, and discussed these between our audit team members. We then designed and performed audit procedures responsive to those risks, including obtaining audit evidence sufficient and appropriate to provide a basis for our opinion. 

We obtained an understanding of the legal and regulatory frameworks within which the charitable company 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 together with the Charities SORP (FRS 102). 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 charitable company’s ability to operate or to avoid a material penalty. We also considered the opportunities and incentives that may exist within the charitable company for fraud. The laws and regulations we considered in this context for the UK operations were General Data Protection Regulation (GDPR), health and safety legislation, employment legislation, tax legislation, and CQC Regulations for service providers and managers. 

We communicated these identified frameworks amongst our audit team and remained alert to any indications of noncompliance throughout the audit. We ensured that the engagement team had sufficient competence and capability to identify or recognise non-compliance with the laws and regulations. 

- 7 - 



Docusign Envelope ID: 27A6D8D0-6641-8374-8077-17CFF92703F3 

## **LANGDON COLLEGE** _**(A COMPANY LIMITED BY GUARANTEE)**_ INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF LANGDON COLLEGE 

We discussed with the trustees the policies and procedures regarding compliance with these legal and regulatory frameworks. 

We assessed the susceptibility of the charity's financial statements to material misstatement due to non-compliance with legal and regulatory frameworks, including how fraud might occur, by enquiry with the trustees during the planning and finalisation phases stages of our audit. The susceptibility to such material misstatement was determined to be low. 

Based on this understanding, we designed our audit procedures to identify non-compliance with the identified legal and regulatory frameworks, which were part of our procedures on the related financial statement items. 

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 nondetection 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 charitable company’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 charitable company’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 charitable company and the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed. 


**David Goldberg** Senior Statutory Auditor For and on behalf of Cohen Arnold Statutory Auditor 

New Burlington House 1075 Finchley Road London NW11 0PU 

12 June 2026 

- 8 - 



Docusign Envelope ID: 27A6D8D0-6641-8374-8077-17CFF92703F3 

## **LANGDON COLLEGE** 

## _**(A COMPANY LIMITED BY GUARANTEE)**_ 

STATEMENT OF FINANCIAL ACTIVITIES (incorporating an income and expenditure account) FOR THE PERIOD ENDED 31 AUGUST 2025 

|**Note**<br>**Income from:**<br>Donations<br>**3**<br>Charitable activities<br>**4**<br>**Total income**<br>**Expenditure on:**<br>Charitable activities<br>Education and student<br>recreation<br>**5**<br>**Total expenditure**<br>**Net expenditure**<br>Transfers between funds<br>**Net movement in funds**<br>**Reconciliation of funds:**<br>Total funds brought forward<br>**Total funds carried forward**|**Unrestricted**<br>**funds**<br>**Restricted**<br>**funds**<br>**Total**<br>**funds**<br>**2025**<br>Total<br>funds<br>2024<br>(8 months)<br>**£**<br>**£**<br>**£**<br>£<br>**220,000**<br>**-**<br>**220,000**<br>21,570<br>**1,389,372**<br>**126,415**<br>**1,515,787**<br>1,304,787|
|---|---|
||**1,609,372 **<br>**126,415**<br>**1,735,787**<br>1,326,357|
||**1,725,280**<br>**134,129**<br>**1,859,409**<br>1,513,758|
||**1,725,280**<br>**134,129**<br>**1,859,409**<br>1,513,758|
||**(115,908)**<br>**(7,714)**<br>**(123,622)**<br>(187,401)<br>**-**<br>**-**<br>**-**<br>-|
||**(115,908)**<br>**(7,714)**<br>**(123,622)**<br>(187,401)|
||**61,967**<br>**63,636**<br>**125,603**<br>313,004|
||**(53,941)**<br>**55,922**<br>**1,981 **<br>125,603|



The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. 

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006. 

- 9 - 



Docusign Envelope ID: 27A6D8D0-6641-8374-8077-17CFF92703F3 

## **LANGDON COLLEGE** Company registration number: 1088936 (England and Wales) _**(A COMPANY LIMITED BY GUARANTEE)**_ BALANCE SHEET 

AS AT 31 AUGUST 2025 

|**Note**<br>**Fixed assets:**<br>Tangible assets<br>**13**<br>**Current assets:**<br>Debtors<br>**14**<br>Cash at bank and in hand<br>**Total Current assets**<br>**Liabilities:**<br>Creditors: Amounts falling due within one year<br>**15**<br>**Net current(liabilities)/ assets**<br>**Total net assets**<br>**The funds of the Charity:**<br>**16**<br>Restricted funds<br>Unrestricted funds<br>**Total funds**<br>**17**|**2025**<br>**£**<br>**13,256**<br>**187,965**<br>**12,276**<br>**200,241**<br>**(211,516)**<br>**(11,275)**<br>**1,981**<br>**55,922**<br> **(53,941)**<br>**1,981**|2024<br>£<br>15,335<br>149,472<br>73,109|
|---|---|---|
|||222,581<br>(112,313)|
|||110,268|
|||125,603|
|||63,636<br>61,967|
|||125,603|



The financial statements have been prepared in accordance with the provisions applicable to companies’ subject to the small companies’ regime. 

The notes at pages 12 to 21 form part of these accounts. 

Approved by the trustees and authorised for issue on: 12 June 2026 


**Mr P Goldberg** Trustee 

- 10 - 



Docusign Envelope ID: 27A6D8D0-6641-8374-8077-17CFF92703F3 

## **LANGDON COLLEGE** _**(A COMPANY LIMITED BY GUARANTEE)**_ 

STATEMENT OF CASH FLOWS FOR THE PERIOD ENDED 31 AUGUST 2025 

|**Note**<br>**Cash flows from operating activities:**<br>**Net cash used in operating activities**<br>**19**<br>**Cash flows from investing activities:**<br>Purchase of tangible fixed assets<br>**Net cash (used in) investing activities**<br>**Cash flows from financing activities:**<br>Interest received<br>**Net cash provided by financing activities**<br>**Change in cash and cash equivalents in the reporting period**<br>**Cash and cash equivalents at the beginning of the reporting period**<br>**Cash and cash equivalents at the end of the reporting period**|**Total**<br>**Funds**<br>**2025**<br>Total<br>Funds<br>2024<br>**£**<br>£<br>**(49,413)**<br>**(42,342)**|
|---|---|
||**(11,420)**<br>**(4,836)**|
||**(11,420)**<br>**(4,836)**|
||**-**<br>**-**|
||**-**<br>**-**|
||**(60,833)**<br>**(47,178)**<br>**73,109**<br>120,287|
||**12,276**<br>73,109|



- 11 - 



Docusign Envelope ID: 27A6D8D0-6641-8374-8077-17CFF92703F3 

## **LANGDON COLLEGE** _**(A COMPANY LIMITED BY GUARANTEE)**_ NOTES TO THE ACCOUNTS FOR THE PERIOD ENDED 31 AUGUST 2025 

## **1 Accounting Policies** 

The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows: 

## **1.1 Basis of preparation** 

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. 

The Charity meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy. 

## **1.2 Preparation of the accounts on a going concern basis** 

The accounts have been prepared on a going concern basis and the trustees believe there to be no material uncertainties about the Charity’s ability to continue as a going concern. Following recent changes in the management structure, costs have been reviewed and are being aligned with anticipated income streams. 

## **1.3 Income** 

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received, and the amount can be measured reliably. 

Income towards the provision of education is recognised in the year in which education is provided. 

Income from government or other grants, whether “capital” grants or “revenue” grants is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received, and the amount can be measured reliably and is not deferred. 

Investment income is accounted for when receivable. 

## **1.4 Expenditure** 

Expenditure is recognised on an accruals basis once the charity has entered into a legal or constructive obligation. Expenditure includes any VAT which cannot be fully recovered which is reported as part of the expenditure to which it relates. 

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. 

Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include the audit fees and costs linked to the strategic management of the charity.  All costs are allocated to the one charitable activity. 

- 12 - 



Docusign Envelope ID: 27A6D8D0-6641-8374-8077-17CFF92703F3 

## **LANGDON COLLEGE** _**(A COMPANY LIMITED BY GUARANTEE)**_ NOTES TO THE ACCOUNTS FOR THE PERIOD ENDED 31 AUGUST 2025 

## **1 Accounting Policies** 

## **(Continued)** 

## **1.5 Tangible fixed assets and depreciation** 

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows: 

Fixtures, fittings & equipment 25% straight line Motor vehicles 25% straight line Computers 33% straight line 

All single items of equipment with a value less than £1,000 have not been capitalised. 

The policy with respect to impairment reviews of fixed assets is that these assets are inspected regularly for any impairment and any defect remedied so as to maintain the current value. 

## **1.6 Debtors** 

Trade and other debtors are recognised at the settlement amount due after any discount offered and provision for bad and doubtful debts.  Prepayments are valued at the amount prepaid net of any discounts due. 

## **1.7 Cash at bank and in hand** 

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. 

## **1.8 Creditors and provisions** 

Creditors and provisions are recognised where the Charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any discounts due. 

## **1.9 Financial instruments** 

The Charity only has financial assets and liabilities of a kind that qualify as basic financial instruments.  Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. 

## **1.10 Pensions** 

The Langdon Foundation operates a defined contribution scheme which certain College staff are members of.  The College is also a member of the Teachers’ Pension Scheme (TPS) which is a multi-employer pension scheme available to teaching staff. It is not possible to identify the charity’s share of the underlying assets and liabilities of the TPS on a consistent and reasonable basis and therefore the scheme is accounted for as if it were a definedcontribution scheme.  As a result, the amount charged in the financial statements represents contributions payable to the scheme in respect of the accounting period for both schemes. 

## **1.11 Operating leases** 

Rentals payable under operating leases are charged against income on a straight-line basis over the period of the lease. 

- 13 - 



Docusign Envelope ID: 27A6D8D0-6641-8374-8077-17CFF92703F3 

## **LANGDON COLLEGE** _**(A COMPANY LIMITED BY GUARANTEE)**_ NOTES TO THE ACCOUNTS FOR THE PERIOD ENDED 31 AUGUST 2025 

## **1 Accounting Policies** 

## **(Continued)** 

## **1.12 Fund accounting** 

Unrestricted funds are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity. 

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The aim and use of each restricted funds is set out in the notes to the financial statements. 

Designated funds represent funds which are unrestricted but the Trustees have designed them for a specific purpose to further the objectives of the charity. 

## **1.13 Critical accounting estimates and areas of judgement** 

In the application of the Charity’s accounting policies, Trustees are required to make judgements, estimates, and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. 

The estimates and underlying assumptions are reviewed on an on-going basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period or in the period of the revision and future periods if the revision affects the current and future periods. 

In the view of the Trustees, no assumptions concerning the future or estimation uncertainty affecting assets and liabilities at the balance sheet date are likely to result in a material adjustment to their carrying amounts in the next financial year. 

## **2 Legal status of the Charity** 

Langdon College is a registered charity (No. 1088936) and a company limited by guarantee and not having a share capital (No. 4104466). The registered office is 333 Edgware Road, Floor 3, London NW9 6TD 

The company does not have share capital and is limited by guarantee. In the event of the company being wound up, the maximum amount which each member is liable to contribute is £10. 

## **3 Income from donations** 

Donations 

|**Unrestricted**|**Restricted**|**Total**||Total|
|---|---|---|---|---|
|**funds**|**funds**|**funds**||funds|
|||**2025**||2024|
||||(8|months)|
|**£**|**£**|**£**||£|
|**220,000**|**-**|**220,000**||21,570|



In 2024, £21,570 of donations were unrestricted. 

- 14 - 



Docusign Envelope ID: 27A6D8D0-6641-8374-8077-17CFF92703F3 

## **LANGDON COLLEGE** _**(A COMPANY LIMITED BY GUARANTEE)**_ 

## NOTES TO THE ACCOUNTS 

FOR THE PERIOD ENDED 31 AUGUST 2025 

## **4 Income from charitable activities** 

|Fees<br>Other income and grants received|**Unrestricted**<br>**funds**<br>**Restricted**<br>**funds**<br>**Total**<br>**funds**<br>**2025**<br>Total funds<br>2024<br>(8 months)<br>**£**<br>**£**<br>**£**<br>£<br>**1,364,796**<br>**-**<br>**1,364,796**<br>1,194,529<br>**24,576**<br>**126,415**<br>**150,991**<br>110,258|
|---|---|
||**1,389,372**<br>**126,415**<br>**1,515,87**<br>1,304,787|



In 2024 income from charitable activities was allocated as follows: £1,255,770 to unrestricted funds and £49,017 to restricted funds. 

## **5 Expenditure on charitable activities** 

## **Expenditure on charitable activities** 

|**Education and student recreation**<br>Staff costs<br>Rent<br>Therapists and consultants<br>Food and provisions<br>Light and heat<br>Repairs and renewals<br>Other direct costs<br>Depreciation<br>Governance costs (see note 7)|**Unrestricted**<br>**funds**<br>**Restricted**<br>**funds**<br>**Total**<br>**2025**<br>Total<br>2024<br>(8 months)<br>**£**<br>**£**<br>**£**<br>£<br>**1,103,424**<br>**49,253**<br>**1,152,677**<br>994,290<br>**64,912**<br>**64,912**<br>87,820<br>**189,956**<br>**189,956**<br>128,110<br>**1,785**<br>**1,785**<br>4,908<br>**26,517**<br>**26,517**<br>28,843<br>**56,328**<br>**54,751**<br>**111,079**<br>85,358<br>**244,495**<br>**30,125**<br>**274,620**<br>187,769<br>**13,499**<br>**13,499**<br>7,281<br>**24,364 **<br>**24,364**<br>(10,622)|
|---|---|
||**1,725,280**<br>**134,129**<br>**1,859,409**<br>1,513,758|



For 2024, expenditure on charitable activities was £1,513,758 of which £1,465,998 was unrestricted and £47,760 was restricted. All support costs are related to the provision of education and student recreation. 

## **6 Analysis of governance costs** 

The Charity identifies those costs which relate to the governance function. Having identified its governance costs, these are all allocated against the one charitable activity. 

|Other governance costs comprise:<br>Audit<br>Other|**2025**<br>2024<br>**£**<br>£<br>**7,000**<br>(11,400)<br>**17,364**<br>778|
|---|---|
||**24,364 **<br>(10,662)|



- 15 - 



Docusign Envelope ID: 27A6D8D0-6641-8374-8077-17CFF92703F3 

## **LANGDON COLLEGE** _**(A COMPANY LIMITED BY GUARANTEE)**_ 

NOTES TO THE ACCOUNTS FOR THE PERIOD ENDED 31 AUGUST 2025 

## **7. Net (expenditure)/income for the year** 

This is stated after charging: 

|Depreciation<br>Building lease rentals<br>Auditor’s remuneration|**2025**<br>2024<br>**£**<br>£<br>**13,499**<br>7,281<br>**64,912**<br>87,820<br>**7,000**<br>(11,400)|
|---|---|
||**85,411**<br>83,701|



## **8 Analysis of staff costs, trustee remuneration and expenses, and the cost of key management personnel** 

|Wages and salaries<br>Social security costs<br>Pension|**2025**<br>2024<br>(8 months)<br>**£**<br>£<br>**1,046,482**<br>874,238<br>**46,854**<br>50,955<br>**59,341**<br>69,097|
|---|---|
||**1,152,677**<br>994,290|



No employee received employee benefits of more than £60,000 during the year (2024:nil). 

The total payments made to the senior management team were £nil (2024: £146,366). The total termination payments made in the year were £98,038 (2024:nil) 

None of the Trustees (or any persons connected with them) received any remuneration during the period neither were they reimbursed expenses during the year (2024: £nil). 

## **9 Staff Numbers** 

The average monthly head count of employees during the year was as follows: 

|Charitable activities<br>Administration<br>Total|**2025**<br>2024<br>**number**<br>number<br>**17**<br>33<br>**2**<br>3|
|---|---|
||**19**<br>36|



- 16 - 



Docusign Envelope ID: 27A6D8D0-6641-8374-8077-17CFF92703F3 

## **LANGDON COLLEGE** _**(A COMPANY LIMITED BY GUARANTEE)**_ NOTES TO THE ACCOUNTS FOR THE PERIOD ENDED 31 AUGUST 2025 

## **10 Pension and other post-retirement benefit commitments** 

||**2025**|2024|
|---|---|---|
||**£**|£|
|Pensions contributions|**59,341**|69,097|



The College participates in the Teachers’ Pension Scheme (“the TPS”) for its teaching staff and Nest Pension scheme. The pension charge for the year includes contributions payable to the TPS and Nest Pension scheme of £59,341 (2024: £69,097) and at the year-end £4,864 (2024 : £10,799) was accrued in respect of contributions to this scheme. 

The Teachers' Pension Scheme (TPS) is a statutory, contributory, defined benefit scheme, governed by the Teachers’ Pension Scheme Regulations 2014. Membership is automatic for teachers in academy trusts. All teachers have the option to opt-out of the TPS following enrolment. 61 The TPS is an unfunded scheme to which both the member and employer makes contributions, as a percentage of salary - these contributions are credited to the Exchequer. Retirement and other pension benefits are paid by public funds provided by Parliament. 

The Government Actuary, using normal actuarial principles, conducts a formal actuarial review of the TPS in accordance with the Public Service Pensions (Valuations and Employer Cost Cap) Directions 2014 published by HM Treasury every 4 years. The aim of the review is to ensure scheme costs are recognised and managed appropriately and the review specifies the level of future contributions. 

Actuarial scheme valuations are dependent on assumptions about the value of future costs, design of benefits and many other factors. The latest actuarial valuation of the TPS was carried out as at 31 March 2020. The valuation report was published by the Department for Education on 27 October 2023, with the SCAPE rate, set by HMT, applying a notional investment return based on 1.7% above the rate of CPI. The key elements of the valuation outcome are: 

• Employer contribution rates set at 28.68% of pensionable pay (including a 0.08% administration levy). This is an increase of 5% in employer contributions and the cost control result is such that no change in member benefits is needed. 

• Total scheme liabilities (pensions currently in payment and the estimated cost of future benefits) for service to the effective date of £262,000 million and notional assets (estimated future contributions together with the notional investments held at the valuation date) of £222,200 million, giving a notional past service deficit of £39,800 million The result of this valuation will be implemented from 1 April 2024. 

A copy of the valuation report and supporting documentation is on the Teachers’ Pensions website. 

Under the definitions set out in FRS 102, the TPS is an unfunded multi-employer pension scheme. The academy trust is unable to identify its share of the underlying assets and liabilities of the plan. Accordingly, the academy trust has taken advantage of the exemption in FRS 102 and has accounted for its contributions to the scheme as if it were a defined contribution scheme. The academy trust has set out above, the information available on the scheme. 

Until the 2028 valuation is completed it is not possible to conclude on any financial impact or future changes to the contribution rates of the TPS. Accordingly, no provision for any additional past benefit pension costs is included in these financial statements. 

- 17 - 



Docusign Envelope ID: 27A6D8D0-6641-8374-8077-17CFF92703F3 

**LANGDON COLLEGE** _**(A COMPANY LIMITED BY GUARANTEE)**_ NOTES TO THE ACCOUNTS FOR THE PERIOD ENDED 31 AUGUST 2025 

## **Defined - contribution scheme** 

The college contributes towards schemes run by Nest which are defined contribution schemes.  The assets of the schemes are held separately from those of the Group in independently administered funds. The pension cost charge represents contributions payable by the college to the funds. 

## **11 Related party transactions** 

At the year end, the charity had a debtor of £22,720 (2024: £17,505) due from The Langdon Foundation. During the year, The Langdon Foundation charged the charity building lease rents of £1,640 (2024: £6,560) which are included in the amount stated in Note 8 above. 

At the year end, the charity had a creditor of £18,793 (2024: nil) due to KisharonLangdon Enterprises Ltd, £nil (2024: £3,749) due to Langdon Housing and £36,362 (2024:nil) due to KisharonLangdon. 

The ultimate controlling party of Langdon College for the accounting period was KisharonLangdon Group in whose accounts the results have been consolidated. 

## **12 Corporation tax** 

As a charity, Langdon College is exempt from UK tax on income and gains to the extent that these are applied to its charitable objects. No UK tax charges have arisen in the Charity, during the year or the previous year. 

|**13**<br>**Tangible fixed assets**<br>**Cost:**<br>As at 1 September 2024<br>Additions<br>**As at 31 August 2025**<br>**Depreciation:**<br>As at 1 September 2024<br>Charge for the year<br>**As at 31 August 2025**<br>**Net book value**<br>**As 31 August 2025**<br>As 31 December 2024|**Office**<br>**equipment**<br>**Fixtures,**<br>**Fittings and**<br>**equipment**<br>**Motor**<br>**Vehicles**<br>**Total**<br>**£**<br>**£**<br>**£**<br>**£**<br>60,208<br>79,689<br>6,500<br>146,397<br>5,558<br>5,863<br>-<br>11,420|
|---|---|
||**65,766**<br>**85,552**<br>**6,500**<br>**157,817**|
||52,542<br>72,020<br>6,500<br>131,062<br>9,077<br>4,422<br>-<br>13,499|
||**61,619**<br>**76,442**<br>**6,500**<br>**144,561**|
||**4,147**<br>**9,110**<br>**-**<br>**13,256**|
||7,666<br>7,669<br>-<br>15,335|



All assets are used for charitable purposes. 

- 18 - 



Docusign Envelope ID: 27A6D8D0-6641-8374-8077-17CFF92703F3 

## **LANGDON COLLEGE** _**(A COMPANY LIMITED BY GUARANTEE)**_ NOTES TO THE ACCOUNTS FOR THE PERIOD ENDED 31 AUGUST 2025 

## **14 Debtors** 

|**Debtors**||
|---|---|
|Trade debtors<br>Amounts owed by group undertakings<br>Prepayments and accrued income<br>**reditors: amounts falling due within one year**<br>Trade creditors<br>Amounts owed to group undertakings<br>Taxation and social security costs<br>Other creditors<br>Accruals and deferred income|**2025**<br>2024<br>**£**<br>£<br>**138,815**<br>85,325<br>**22,720**<br>43,579<br>**26,430**<br>20,568|
||**187,965**<br>149,472|
||**2025**<br>2024<br>**£**<br>£<br>**130,310**<br>63,866<br>**55,155**<br>3,749<br>**6,787**<br>24,459<br>**4,864**<br>9,247<br>**14,400**<br>10,992|
||**211,516**<br>112,313|



## **15 Creditors: amounts falling due within one year** 

## **16 Analysis of charitable funds** 

## **Analysis of movements in unrestricted funds** 

|Unrestricted funds|**Balance as**<br>**at 1 Sept**<br>**2024**<br>**Income**<br>**Expenditure**<br>**Transfers**<br>**between**<br>**funds**<br>**Funds as at**<br>**31 August**<br>**2025**<br>**£**<br>£<br>£<br>£<br>**£**<br>**61,967**<br>1,609,372<br>(1,725.280)<br>-<br>**(53,941)**|
|---|---|



## **Analysis of movements in unrestricted funds – prior year** 

|Unrestricted funds|Balance as<br>at 1 Sept<br>2023<br>Income<br>Expenditure<br>Transfers<br>between<br>funds<br>Funds as at 31<br>August 2024<br>£<br>£<br>£<br>£<br>£<br>250,625<br>1,277,340<br>(1,465,998)<br>-<br>61,967|
|---|---|



## **Analysis of movements in restricted funds** 

|ESFA Pension Grant<br>Security Grant<br>ESFA Capital Programme<br>Charity Aid Foundation|**Balance as**<br>**at 1 Sept**<br>**2024**<br>**Income**<br>**Expenditure**<br>**Transfers**<br>**between**<br>**Funds**<br>**Funds as at**<br>**31 August**<br>**2024**<br>**£**<br>**£**<br>**£**<br>**£**<br>**-**<br>49,253<br>(49,253)<br>-<br>**-**<br>**-**<br>30,125<br>(30,125)<br>-<br>**-**<br>**62,406**<br>48,267<br>(54,751)<br>-<br>**55,922**<br>**1,230**<br>-<br>(1,230)<br>-<br>**-**<br>**63,636**<br>**126,415**<br>**(134,129)**<br>**-**<br>**55,922**|
|---|---|



- 19 - 



Docusign Envelope ID: 27A6D8D0-6641-8374-8077-17CFF92703F3 

## **LANGDON COLLEGE** _**(A COMPANY LIMITED BY GUARANTEE)**_ 

NOTES TO THE ACCOUNTS FOR THE PERIOD ENDED 31 AUGUST 2025 

## **Analysis of movements in restricted funds – prior year** 

|Security Grant<br>ESFA Capital Programme<br>Charity Aid Foundation|**Balance as**<br>**at 1 January**<br>**2023**<br>**Income**<br>**Expenditure**<br>**Transfers**<br>**between**<br>**Funds**<br>**Funds as at**<br>**31 August**<br>**2024**<br>**£**<br>**£**<br>**£**<br>**£**<br>**-**<br>39,322<br>(39,322)<br>-<br>**-**<br>**61,149**<br>9,695<br>(8,438)<br>-<br>**62,406**<br>**1,230**<br>-<br>-<br>-<br>**1,230**|
|---|---|
||**62,379**<br>**49,017**<br>**(47,760)**<br>**-**<br>**63,636**|



- ESFA items are for specific purposes as noted 

- Brotherton Real Estate is towards the cost of creating a music room for students 

## **17 Analysis of net assets between funds** 

|||**Unrestricted**|**Restricted**|**Total**|
|---|---|---|---|---|
|||**funds**|**funds**||
|||**£**|**£**|**£**|
||Fund balances at 31 August 2025 are||||
||represented by:||||
||Tangible fixed assets|13,256|-|**13,256**|
||Current assets|144,319|55,922|**200,241**|
||Creditors|(211,516)|-|**(211,516)**|
|||**(53,941)**|**55,922**|**1,981 **|
||**Analysis of net assets between funds – prior year**||||
||Fund balances at 31 August 2024 are||||
||represented by:||||
||Tangible fixed assets|15,335|-|15,335|
||Current assets|158,945|63,636|222,581|
||Creditors|(112,313)|-|(112,313)|
|||61,967|63,636|125,603|
|**8**|**Commitments under operating leases**||||
|||||**Land and Buildings**|
||The future minimum payments under non-cancellable operating leases||are:|**2025**<br>2024|
|||||**£**<br>£|
||Expiry date:||||
||No later than one year|||**65,500**<br>62,840|
||Later than one year and not later than five years|||**-**<br>65,500|



## **18 Commitments under operating leases** 

- 20 - 



Docusign Envelope ID: 27A6D8D0-6641-8374-8077-17CFF92703F3 

## **LANGDON COLLEGE** _**(A COMPANY LIMITED BY GUARANTEE)**_ NOTES TO THE ACCOUNTS FOR THE PERIOD ENDED 31 AUGUST 2025 

## **19 Reconciliation of net movement in funds to net cash flow from operating activities** 

|Net movement in funds<br>Add back depreciation charge<br>Deduct interest income shown in financing activities<br>Rounding<br>(Increase)/Decrease in debtors<br>Increase/(Decrease) in creditors<br>**Net cash used in operating activities**|**2025**<br>2024<br>**£**<br>£<br>**(123,622)**<br>(187,401)<br>**13,499**<br>8,708<br>**-**<br>-<br>**-**<br>-<br>**(38,493)**<br>157,052<br>**99,203**<br>(19,725)|
|---|---|
||**(49,413)**<br>(42,342)|



## **20 Parent company** 

The ultimate parent company of Langdon College is KisharonLangdon Group. 

- 21 -