É Langdon THE LANGDON FOUNDATION IA Company Limited k)y Guarantee) Charity Reg151foiion No1142742 Company Regisiroiion 07621n4 (Englond and Wale5) TRUSTEES, ANNUAL REPORTand CONSOLIDATED ACCOUNTS For the Year ended 31 DECEMBER 2020 2020 Highlights: Income up 6.6% to £8.4 million We supported those we support through the pandemic and adapted and innovated our ways of working 106 people have a home in Langdon accommodation or are part of our supported living programme lup from 98 in 20191 Over 40,000 books are listed on our Amazon trading platform managed by our members at New Chapters - our social enterprise which provides opportunities for our members and others to develop work-based skills New Chapters Bool( sales are c£12,000 per month - which held up at previous year'5 level despite the pandemic Livingness Cli¥ii)na Th-e corjdition.or quality of havir79.ljfe aD,d: being ulive,. sio -or anima .,!ive as our be4i 'ii-ue selves. THE LANGDON FOUNDATION (A COMPANY LIMITED BY GUARANTEE) LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mr N Henry (Chairman) Mr B Miller Ivice-chairmanl Mr M Blane Mrl Bolchover Iresigned 16 March 20211 Nrs S Cooper lappointed 16 March 20211 Mr R Davis (Treasurer untll reslgnation as Trustee 16 Narch 20211 Mr N Doffman Ms S Frais Mr I105eph Iresigned 16 March 20211 Mr Pjoseph {appointed 16 March 20211 Ms A Mitchell Iresigned 10 September 10201 Mrs K Phillips MBE (appointed 16 March 2021) Mr G Rubin (resigned 27 May 20201 Mr S Salomon Mr S Shaerf (resigned 27 May 2020} Mrs S Shieff Mr R Tenzer(Tre3surer-from appointtnen¢ as Tru51ee 16 Marth 2021) Chief Executive Neil Taylor Company Secretary Barry Shine Charity numbey: 1142742 {England and Wales} Company number 07621714 (England and Wales) Principal address Unit 506. Centennial Park, Centennial Avenue, Elstree, Borehamwood WD6 3FG Registered Office Unit $06, Centennial Park, Centenniil Avenue, Elstree, Borehamwood WD6 3FG Auditor Crowe U.K. LLP 55 Ludgate Hill London EC4M 7IW Bankers Lloyd5 7, Floor 40 Spring Gardens Manchester M2 IEN THE LANGDON FOUNDATION (A COMPANY LIMITED BY GUARANTEE) CONTENTS Page Trustees, Annual Report Independent iuditor's report 12-14 Statemenc ol financial activities 15 Balance sheet Statement of cash flows Notes to the accoufit5 18-33 THE LANGDON FOUNDATION (A COMPANY LIMITED BY GUARANTEE) TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2020 Charity informatÉon The Trustees present their annual report and the financtil statements for the period ended 31 December 2020. The accounts have been prepared in accordance with the accounting policies set out in note I to the accounts and comply with The Langdon Foundacion's Memorandum and Articles of Association. the Charities Att 201 I, the Companies Act 2006 and the Charities SORP IFfiS1021. Reference and administrative detai15 The Langdon Foundation is a registered charity (No. 11427421 and a company limited by guarantee aTrd not haying share capital (No. 076217141. The registered office is as shown on che leg￿ and administrative information page. The Trustees on the date of this report, all of whom served throughout the financial period unless otherwise indicated are as follows.. Mr N Henry Mr B Miller Mr R Tenzer Mr M Blane Mr5 S Cooper lappornted 16 March 20211 Mr N Doflman Ms S Frais Mr P joseph (appointed 16 March 20211 Mrs K Phillips MBE (appointed 16 March 2021) Mr S Salomon Mrs S Shiefl Chair Vice-chair Treasurer (appointed 16 March 20211 The current TrUS￿eS have the power to remove 2nd appoint trustees. There are a maximum number of 14 trustees and not le5S than 8 who may be appointed to the Board. A Board Election was held in March 2021 and a number of Trustees resigned at that time and the new trustees listed above joined the Board The Chief Executive controls the day to day management of the charity cogether with the senior managers and employees. The Chiel Executive works closely with the Senior Leadership Team as listed below. The Senior Leadership Team of the Charity is: Mr N Taylor Chief Executive Mrs l Baker College Principal Mrs H Sowa Director of Operations Mrs S Pollins Director of Fundraising and Marketing Mr5 E Russell Head of HR Mr B Shine Finance Directorlcompany Secretary Mr A Weinstock Director of Business Development and Communiry Services THE LANGDON FOUNDATION (A COMPANY LIMITED BY GUARANTEE) TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2020 Structure* governance and management The Langdon Foundation was incorporated and established by Memorandum and Articles of Association on 4 May 2011 as amended on 6July 2015. The Langdon Group cotnprises the Langdon Foundation (charity number 1142742, company number 076217141, Langdo College Icharity nutnber 1088936, company number 41044661, Langdon Community (charity number 1086393, cornpany nurnber 40553381 and LangdoTr Housing (charity number 1142743, company number 76232461. The Langdon Foundacion charitable company 15 the sole member of Langdon College, Langdon Community and Langdon Housing and has the power to appoint or remove Trustees frorn the 5ub5idiary charitie5. All three subsidiaries are regstered charitie5. In 2012, The Langdon Foundation set up a company limited by guarantee, named the Langdon Trustee Company Limited (company number 083421691. which exists to protect residents. financial intere5t5 upon funds being bequeathed to them. The Foundation owns properties, r3ises fund5 and give5 donations to Langdon College. Langdon Community and Langdon Housing. The Board of Trustees 15 responsible lor the overall governance of The Langdon Foundation a5 a charity. Trustees are Co-opted by the existing Board of Trustees. Individual Trustees serve for a period of three years and may serve for up to nine consecutive years. There are no individual 5ub5criptions or other sums payable by Members. All Trustees of the Charity and the subsidiary charities are expected to adhere to Langdon'5 Code of Conduct which embraces the Nolan Committee's'seven principles of public life" The management of the charity and regulatory compliance is delegated to the Chief Executive and an effective partnership exists with the Chairperson of the Board. The Chief Exetucive reports to trustees at Board Meetings. The Langdon Foundation Introduced a more organi5ed induction prograTnme which includes a dedicated portal containing information about the history ol Langdon, guides on Trustee responsibilities, current strategyi governance documents and Board reports. The B￿ard as a group receive presentations on compliance and latest practice it least annually. The extemal adwsors of The Langdon Foundation are as set out on the legal and administrative page. The trustee5 review management remuneratyon annually. The Langdon Foundation ensures Its salaries remain competitive in the labour market, through conducting an annual pay review, paying individuals in lirhe with normal industry practice and standards. and benchmarking salaries against other employers. Langdon determine5 the pay range for a vacancy prior to adverrising it. following the creation andlor amendment of a job description and specification. On appointment the starting salary Is determined within that range to be offered to the succe$51ul candidate, based on relevant qualifications, experience and any recruitment and retention needs. Senior Leadership Salaries are based on the same economic factors specified above, such as, qualifications. experience and other factors like Supply and demand, but a 5POt salary is used on appointment and thereafter the cost of living increase. as appropriite. Langdon Foundation raises funds for the subsidiary charities. Funds are raised and made available by the Langdon Foundation to the subsidiary charities for areas that are not funded from statutory sources such as Employment, the activities progr3mme, Brady clubs and certain College activities. Funds are also raised lor the purchase and maintenance of properties to be used by Langdon tsnants in supported living and Langdon students at Langdon College. There are leases between Langdon Housing and individual tsnants in supported living. The Langdon Found2tion benefit5 frorn voluntary help. During the year we had many volunteers who assisted with events and administrative tasks. These Volunteers gave significant amounts of time to Langdon and we are so very grateful to all our volunteers for their loyal support, help and enthusiasm. THE LANGDON FOUNDATION (A COMPANY LIMITED BY GUARANTEE) TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2020 Corporate governance Processes are in place to ensure that performance is monitored. and that appropriate management information is prepared and reviewed regularly by both the Chairperson and the Board. The Trustees undercook a Governance review during 2019 and as a result additional sub committees were created (Clinical Governanee, Community Services and Nominations and Remuneration Commi¢¢eesl. The terms and conditions of all other commicLee5 were reviewed and updaced. In March 2021 Board Elections stood place,. a number of Trustees resigned at that time and 4 new Trustees as li5Trd above joined the Board. Systems of intemal control are designed to provide reasonable assurnnce against material misstatement or10sS. They include.. an annual budget approved by the Trustees.. regular consideration by the Trustees and the Finance, Audit and Risk Committee of general budget performance., delegation of diy-to-day management and regulatory compliance authority,. and identification and management of risl(s. Fundraising Members of La￿gdon,5 lundraising department organise fundraising events and co-ordinate the activities of our supporters in the wider community on behalf of the Langdon charities. Langdon does not use professional fundraisers or involve commercial participators. There have been no complaint5 about fUnd￿lsIng activity this year. We are rwstered with the Fundraising Regulator. The fundraising department has signed up to the Fundraising Regulator's Code of Fundraising Practice. Our fundraising staff have been appraised as to how the Code affects Langdon. As a result, our fundraising guidance and working practices are compliant. Volunteer fundraisers are given a briefing before they raise funds for Langdon and are also given regular updatesl reminders. All direct marketing is undertaken by the fundraising department to ensure that it is not unreasonably intrusive or per5iStent. Contact is made through direct marketing including activity updates - a maximum of SIX times a year and m05t recipient5 will receive communications less frequently. All marketing material contains clear instructions as to how a person can be removed from mailin% lists. In 2018 we also contacted all those then on our database as part of our compliance activity for the GDPR (General Data Protection Regulation) which came into force in May 2018. We continue to offer donors and others the opportunity to be removed from our database. Strategic Report Objectivo$, attivitles, achievements and performance The objects of the Charity are the advancement of education and the relief of individuals with special educational needs or mental illness 2nd other associated difficulties incltsding through the provision ol suppon to their families and (save for purposes incidental and ancillary to those objective5) no other purposes. The Charity is established in accordance with the tenets of the jewish religon. Langdon is a leading charity thatempowers over l Oojewish adults with learning disabilities and autistlc Spectrum di50rders with the skills and opporLunities to live independently in their communities, within a jewish ethos. Langdon operates in the Manchestsr area, North-We5t Londoa and nearby areas and deals with more than 15 Local Authorities. Our vision is to ensure that people with learning disabilitie5 have the same opportunities as everyone else. so they can live independently in their local community. Our aim is that people with learning disabilities li￿ in an inclusive world where they are valued equally. Our aspiration is to create a community in which jewish young people and adults with learning disabilitie5 or with aut15tic spectrum disorders thrive and have equal opportunities to live the lives chey choose. THE LANGDON FOUNDATION (A COMPANY LIMITED BY GUARANTEE) TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2020 We have been guided by the following strategic goals over the past year.. To provide environrnent5, physical, social and spiritual, that are fit for purpose, warm and welcoming,. create accessible educational and employment opporLunities in which our members can flourish,. and nurture enterprise and innovation to empower our members to achieve their ambitions and to focus on their abilities. To encourage and support our members to have a fulfilled social life and participate and be active within the wider community. To enable the families of our members co live their lives knowing that their children have a luture full of potential with Langdon by cheir side every step of the way. To facilitate co112borative partnerships between members, their families, and other stakeholders so that people with learning disabilities or with autistic spectrum di50rders can lead independent and fulfilled lives. In 2020 our annual objectiYe5 aimed to refiect our aspiration for quality, growth and collaboration and these are set out below with details 35 to wh&t wa5 achieved Objective Enhance the effective delivery* monitoring and quality of support and care services .e. use of digital technology systems including scheduling Outcomes Introduction of Quality Dashboard providing measurement of compliments. complaints and concerns, allowtng for data monitoriTh& learning and understanding of trends. Information hub comprising of guideline5, checklists, and pro-forma templates, cascaded to support forward planning and practical guidance for managers and etnployees during Pandemic. Sourced training provider to deliver Leadership & Mar*agemen¢ training course lor senior and front line managers. Course to be rolled out in early 2021 covering key competencles, theory and practical tools over a 12 month period Introduction, formation and evaluation of peer support groups in pilot programme involving managers, using coaching skills to problem solve, support one another ind share best practice Design, developmen¢ and roll out of jewish Cultural training programme for staff at Langdon with a 12 month rolling programme facilitated by newly formed jewish Cultural Team. Digital initiatives allowing for accelerated expansion of activities, introducing volunteer hosts in areas of well- being, recreation and Social connectlOll5. Joined up working between Manchester and London with formation of structured meetings and sharing of best practice across Langdon Wellbeing initiatives and delivery of wellbeing packs to support staff during the Pandemic Recruitment of expert5 to form community and clsnical service committees, attlng as critical friend and advisory group. Funds were secured and initial plans were drawn up- the CoYid19 pandemic has delayed implementation of ¢hese plans Quality Develop the care and support teams through learning opportunities performance management. training* quality initiatives Intensify the current offer to our members i.e. increase in range of programmes and activities Improve the level of staff engagement Engage with additional lay experts to support Pryd£tice development Improve the quality of our owfted properties Refurbish develop members, homes. office relocation THE LANGDON FOUNDATION (A COMPANY LIMITED BYGUARANTEE) TRUSTEES. ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2020 Objective Realign capacity to allow for growth and sustainability of Langdon's offer to new and existing Members and families Youth Provision, Community Engagement, Front line care managemenL Volunteering and fundraising in Manchester Engage with tnore people in che comrnunity with a view to them supporting Langdon through both fundraising and referring potential Members Be cau¢iotrsly ambitious in our fundraising goals and aim to stretch ourselves, our trustees and our lay leader5 in order to reach our targets Outcomes Recruitment of Head of Community Engagement to assist in elevating approach to volunteering, social actyon and forrnation of community links with external agencies Recruitment of Youth Seryice Manager ¢0 support expansion of Langdon Brady in reach and impact. 5ucce5slul Social action days throughout the year with members 'giving back, to local community with £o- produced events. Growth Set ourselves a fundraising goal of £1.5m, which was exceeded by £0.2m Developed a comprehensive stewardship plan with lay leaders to retain existing donors recruit new donors Worked with lay leader5 and tru51ee5 10 pivot our fundraising events to virtual, including Inltiative5 such a5 a virtual bike ride, a virtual Dinner and a very successful Crisis Appeal. We developed our brand and our digital and offline marketing, through a new web5ice, and improved social medii and pres5 presence, particularly in relation to service marketing The initial planning work was completed however the Covid19 pandemic has delayed implementation of these plans Invest to become better known and recognised for what we do. and for people to retognise and connect our brand with our charitable obleciives Progress lr the last relevant financial period were as follows.. Income Expenditure Net movement in funds 2020 2020 2020 Principal activity College education residential services Langdon Communiry SupporLed Livillg Langdon Housing Housing services Langdon Trustee Company Tr￿stee services Langdon College and 1,204.585 4,082,132 1.169.091 4.080.143 1,473.730 189) 35.495 1.989 36.981 {89) 18 THE LANGDON FOUNDATION (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2020 Total Assets Total Liabilities Re5erve$ as at 31 December 2020 2020 202 Langdon College Langdon Community Langdon Housing Langdon Trustee Company Langdon Foundation 304.918 1,729,876 460,917 1,354 10,614.535 (89.3691 1350,8861 1303,008) 11,354} {5,124.776} 215,549 1.378.990 157.909 5,489,759 The charity has taken advantage of the exemptions available under the Companies Ac¢ from preparing a Statement of Financial Activities and Statement of Cash flows for the charity only. 1.4 Income Income is recogni5ed when the charity has entitlement to the funds, any performance conditions attached to che itemlsl of income have been rnet, it 15 probable that the income will be received, and the amount can be measured reliably. Donations are recognised when received. Income from government or other grants, whether "capital" grants or 'revenue" grants 15 recognised when the charity has entitlemeat to the funds, any performance conditions attached to the grants have been met, it is probable that the ineome will be received, and the amountcan be measured reliably and is noc deferred. Income receivable for the provision ol edutation, houslng or supported living services are recorded in the Statement of Financial Attivities in the ye2r in which these service5 are provided. Investment income is accounted for when receivable. 1.5 Expenditure Expenditure is recognised on an &ccruals basis a5 a liability is Incurred. Expenditure includes any VAT which cannot be fully recovered and is reported as part of the expefiditure to which it relates. Costs of raising funds comprise those costs associated with attracting voluntary income and the costs for fundraising purposes from charity events. Charitable expenditure cornprises those cost5 incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be illocated directly to such activ*ties and those costs of an indirett 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 between the expenditure categorie5 of the SOFA on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated direccly. THE LANGDON FOUNDATION (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2020 1.6 Tangible fixed 255ets and depreciation Freehold land and building are recorded at valuation. Other tangible fixed assets are statrd at cost less depreclation. Depreciation is provided at rates calculated to write off che value less estirnated residual value of each asset over its expected useful life as follows.. Freehold land is not depreciated Freehold buildings Computer equiptnent Fixtures. fittings & equipment Motor vehicles 1%-2% 33% straight line 25% straight line 25% straight line All single icems 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 inspecced regularly for any impairment and any defect remedied so a5 to maint2in current value. 1.7 Investments The Charity holds no investments. 1.8 Debtors Trade and other deb¢or5 are recogni5ed at the settlemeTrtamount due after any trade discount offered and provision for bad and doubtful debt5. Prepayments are valued at the amount prepaid net ol any discounts due. 1.9 Cash at bank and In hand Cash at bank and cash in hand includes cash and short term highly liquid investments with a short ma¢urity of three months or less from the date of acquisition or opening of the deposit or similar account. 1.10 Creditors and provisions Credi¢or5 and provisions are recognised where the Charity has a present obligation resulting from i past event that will probably resulc irk the transfer of funds to a third party and the amount due to settle the obligition can be measured or estimated reliably. Creditors and provisions are normally recognised it their setdement atnount after allowing for aTry discounts due. l. I l Financial instruments The Charity has financial assecs and liabilities that qualify as basic financial instrument5 together with all inTrrest rate swap. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured it arnorused cost using the elfecuve interest method. The interest rate swap is recognised initially at C05L excluding any transaction costs, and subsequently at fair value. Changes in the fair value are recognised in the Statement ol Financial Activities a5 part of che interest cost for the year. 1.12 Critical accounting ludgements and key source$ of estimation uncertainty In the applicition of the group's accounting policies described above. the Trustees are required to make judgmenrs, estimates and assumptions about the carrying amounts of assets and liabilitie5 that are not readily apparent from other sources. These estimates. judgemeTrts and assumptions are made based on a combination ol past experience. professional expert advice and other evidence chat is relevant to the particular circumstance. In che trustees, opinion the estimate with the greatest impact on the financial statement5 relatss to the revaluation of properties. Properttes are revalued to market value after taking professional advice and taking account of current market conditions. 20 THE LANGDON FOUNDATION (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2020 1.13 Pensions The Group operate5 several different pension schemes. The Langdon Foundation, Lan¥don CommuniLy and Lkngdon Housing all opertte a defined tontribution scheme, Langdon College also operates a defined benefit scheme. For defiried-contribution 5cheme5, the amount charged to the SOFA in respect ol pension costs and other p05t- retiremeni benefits IS the contributioTr payable in the year. Any difference between the charge to the SOFA and the contributions payable to the scheme 15 shown as an asset or a liability in the Balance Sheet. The defined benefit schemes are multi-employer schemes and it 15 not possible to identify the Charity's share of the underlying assets and liabilities ol the multi-employer scheme. Participation in such schemes is accounted for as if they were defined contribution schemes. 1.14 Operating leases Rentals payable under operating leases are ch3rged against income on a straight line basis over the lease period. 1.1 S Fund accounting The Langdon Foundation maintains various types of funds as follow5, and tran5fer5 are made where necessary as permitted by the nature of the funds.. Unrestricted funds are available for use at the discretion of the Trustees in furtherance of the general objertive5 of the charity. Restricted funds represent income received which is allocated by the donorto a specific project. The restrictions are binding on the Trustees of the charity. Designated funds represent funds which are unrestr&cted. but the Trustees have designated them for & specific purpose to further the objectives of the charity. Legal statu5 of the Charity The Charity is constituted as a Company limited by guarantee and has no share capit21. In the event of the charity being wound UPI the liability in respect of the guarantee is limited to £ l O per member of the charity. Donations Unrestricted funds Restricted funds Total funds Total funds 2020 2020 2020 2019 DonatlOll5 1.140.013 650,748 1,790,761 1.515,898 Donations relating to unrestricted funds in the prior period were £l,139.074 and restricted funds £376,824. 21 THE LANGDON FOUNDATION (A COMPANY LIMITED B Y GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2020 Charitable activities Unrestricted funds 2020 Restricted funds 2020 Total funds 2020 Total funds 2019 Provision of housin& education and 5UPPOrted living arrangements 6,533,176 18,009 0,651,185 6,396,005 Prior perfod income from charitable activities relating to unrestricted funds was £6,351,948 and restricted fund5 £44.057 Investment income 2020 2019 Interest receiyable 947 4,189 Analysis of expenditure C05t of raising funds Education and student recreation Supported living arrangements Total 2020 Total 2019 Staff costs Direct fundraising costs Other direct coscs Governance costs {note 71 333,477 84,766 689,625 4,326,720 5,349,822 84,766 2,311,967 2.765,009 47,314 55.594 5,029.943 224,126 2,641,424 58,186 453.042 8,280 418,243 1,150,947 6.686.001 8,255,191 7.953,679 Prior period expenditure was £7,953,679 of which £7,282,204 was unrestricted and £671.475 was restricted. Included in staff costs and other dirett costs are support costs totalling £388.406 Analy51$ of governance costs 2020 2019 Governance costs comprlses.. Legal and professional fees Audit lees Bank charge5 and interest 5.929 24.000 25,665 8,788 23.500 25,899 55.594 58.186 Governance costs include payments to the auditors in respect of audit fees amounting to.. Group- £24.000 {2019.. £23.5001 including Charity £6,00012019- £6.000). 22 THE LANGDON FOUNDATION (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2020 Net income l (expenditura) for the year This is Stated after chargin￿. 2020 2019 Depreciatio Auditor's remuneration Interest payable Operacing lease costs 204.206 172,999 24.000 23.500 126,496 153,083 816,768 675,737 Analysis of staff £o$ts, trustee remuneration and expense5, and the cost of key management personnel 2020 2019 Wage5 and salaries Social security costs Pension costs 4.743.665 4,503,743 417.088 376,557 189,069 149,643 ,349.822 5.029,943 The number of employees having benefi¢s in excess of £60.000 or more were: 2020 2019 Number Number £60,000 to £70,000 £70.000 to £80,000 £90.000 to £100,O(X) £120,000 to £130,000 4 of the employees whose annual emoluments exceed £60,00012019.. 3) had retyrement benefits accruing under defined-coniribution pension schemes which totalled £37.48512019.. £25,249) in the period. The key management personnel of the Charity comprise the Chief Execu¢ive and the Finance Director. The total amounts of employee benefits received £221,427 {2019.. £212,711). The 2019 comparative includes termination payments to the previous incumbent. During the year cerrnination payments totalling £53,514 (2019.. £14,424) were paid. Termination payments are taken to the protit and loss accourbt ai the point that a constructive or legal obligation is entered into. None ol the Trustees ofThe Langdon Foundition lor any persons connected with them) received any remuneration during the period or in 2019. Trustees were reimbursed £nil for expenses12019 nil) during the year 23 THE LANGDON FOUNDATION (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2020 l O Staff Numbers The average Monthly head count of employees during the year was as follows.. 2020 Number 2019 Number Charitable acuvities Fundraising Governance Administration 160 36 38 206 210 Pensiorj and other post-retirement benefit commitments The Group operates a number of different pension schemes. The Langdon Foundation. Langdon Community and Langdon Housing operate a defined-contribution scheme. Langdon College operates both a defined-contribucion and a defined-benefit scheme. Defined-benefit schemes. which are classified as multi-employer scheme5, where che participating employer is unable to identify their share of the assets or liabilities, may be accounted for as if they were defined-contributiorj schemes. As a result. the company's contributions payable in the accounting period are the amounts charged in the financial statements. Teachers, Pen$lon The College participates in the Teachers. Pension Scheme ("the TPS.) for its teachlng staff. The pension charge for the year includes contributtons payable to the TPS of £76,208 (2019.. £56,922). The TPS Is an unfunded multi-employer defined benefit5 pension 5cherne governed by The Teachers, Pension5 Regulations 2010 las amended) and The Teachers, Pension Scheme Regulations 2014 las amended). Members cor>tribute on a 'pay as YO￿ go" basis with contributions from members and the etllployer being credited to the Exchequer. Retirement and other pension benefits are paid by public fund5 provided by Parli2ment. The 31 March 2016 Valuation Report wa5 prepared ITr accordance with the benefits set out in the scheme regulations and under the approach specified in the Directions. as they applied at 5 March 2019. However, the 35sumption5 were considered and set by the Department for Education prior to the ruling in the'McCloudlSargeant case,. This case has required the courts to consider cases regarding the implementation of the 2015 reforms to Public Service Pensions including the Teachers, Pensions. On 27 June 2019 the Supreme Court denled the government perniission to appeal tlie Court of App¥al's ludgment that transitional provisions introduced to the reformed pension schemes in 2015 gave rise to unlawful age discrimination. The government is respecting the Court's decision and has said it will engage fully with the Employment Tribunal as well as employer 2nd member representatives to agree how the discriminations will be remedied. A consultition was launched by the government on 16luly 2020, and closed to responses on I l October 2020. As a result of the consvltation, the government announced on 4 February 2021 that it intends to proceed with a deferred choice underpin under which members will be able to choose either legacy or reformed scheme benefits in respect of their serviee during the period between l April 2015 and 31 f4arch 2022 at the point they become payable. The TPS 15 subject to a c05t cap mechanism which was put in place to protect taxpayers against unforeseen changes 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 che cost cap rnechanism following the Court of Appeal's ruling in the Mccloudlsargeant case and until there is certainty about the value of pensions ¢0 employees from April 2015 onwards. The pause was lilted in july 2020 and the government is preparing co complete the c05t control element of the 2016 valuations, which 15 expected to be completed in 2021. 24 THE LANGDON FOUNDATION (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2020 In view of the above rulings and decisions the assumptions used in the 31 March 2016 Actuarial Valuation may become inappropriate. In this scenario. a valuation prepared in actordance wich revised benefits and suitably revised assumptions would yield different results than those contained in the Accuarial Valuation. Until the cost cap mechanism review 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 benefic pension costs Is Included in these financial statements. Defined - contribution scheme The Group contributes towards the Langdon Group Schernes run by Nest and Aegon which are defined contribution schemes. The 35sets of the scheme are held separately from those of the Group in an independently administered fund. The pension cost charge represents contributions payable by the charity to the fund. Contributions payable during the year were £111561 {2019: £92,722.) 12 Related party transaction5 At the year end. Langdon Housing had a creditor of £238,44912019.. £21,389) due to The Langdon Foundation. During the year, Langdon Housing was charged rent of £326,97012019: £290,410) by The Langdon Foundation and the year end balance relatss to these rentals. At the year end. Langdon College had a creditor of £22,75012019.. £57,182) to The Langdon Foundation. During the year. The Langdon Foundation charged Langdon College rent of £18,14412019.. 117,700) and recharges of £16,950120 59.. £14.4501 for shared costs. Langdon College also received donation5 that were initially received by Langdon Foundation. At the year end. The Langdon Foundation had a creditor of £773,605 12019: £908.199} due to the Langdon Community. During the year, Langdon Community wa5 charged £5,70012019.. £5,820) as rent by The Langdon Foundation. Donations ol £115,38212019.. £148,868) were paid to Langdon Community. The remaining creditor related to the cosrs settled by Langdon Community on behalf of The Langdon Foundation and the bank transfers to meet the Cash shortfalls in The Langdon Foundation. At the year end. Langdon Community owed £4,584 (2019.. £23,062) to Langdon College in respect of shared personnel costs. Trustees were reimbursed £nil (or expenses {2019 £niS1 during the year. In aggregate, donations of £92.888 (2019.. £6I.7801 were received from Trustees. £36,000 of these donations were restricted12019.. £120}. 13 Corporation tsx As a charity, Langdon Foundation is exempt from UK tax on income and gains to the extent that these are 2pplied to its charitable objects. No UK tax charges have arisen in the Charity. during the year or the previous year. 25 THE LANGDON FOUNDATION (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2020 14 Tangible fixed a55ets Group Land and Buildings Leasehold improvements Computer Fixtures Equipment & Fittings Motor Vehlcles Total Cost: As at I january Additions Disposa15 Revaluation 9.438,776 46,422 54,002 192,098 63,504 159,7541 264,566 101.444 19.829 20,378 10.712 (32,7851 10.050,886 150.134 181,8271 554.373 554,373 Asat31 December 2020 10,039,571 54,002 195,848 295,107 89,037 10,673.565 Depreciation: A5 at I january Charge for year Depreciation on disposals Revaluation adjustment Asat31 December 2020 25.366 9.819 129,493 37,564 156.718 49,737 74.132 12,087 385,709 204,207 95.000 {59.754) 10,712 {32,7851 (81.8271 195,0001 195,0001 413,089 35,185 107,303 217.167 53,434 Net boolc valut Asat31 December 2020 10,039.571 18,817 88,545 77,939 35,603 10,260,476 Asat31 December 2019 9,438,776 28,636 62,60S 107.848 27,312 9,665.177 Charity Land and Bulldings Computer Equipment Fixtures & Fitting$ Total C05t: As at I january Additions Disposals Revaluation 9,438,776 46,422 96,247 58,276 132.987} 164,569 11,834 9.699,592 16,532 {32,987) 554,373 554,373 As at 31 December 2020 10,039,571 121,536 176,403 10.337,510 Depreciation: A5 at I january Charge for year Depreciation on disposals Revaluation adjustment As at 31 December 2020 62.282 24,835 {32,987) 80,098 32,857 142,380 152,692 132,9871 195,0001 167,085 95,000 {95,000} 54,130 112,955 Net book value A5 at 31 December 2020 10,039,571 67,407 63,447 10,170.425 As at 31 December 2019 9.438,776 33,965 84,471 9,557,212 All assets are used for charitable purposes. During 2017 Land and buildings were valued by independent surveyors Pinders at market value with an elfective valuation dats of 31 December 2017. During 2019 and 2020 the revaluation was updated by reference to Land Registry House Price Index changes to December 2019 and December 2020. The value of £9,438.776 Ihistorical cost 17,524,374) consists of Freehold Properties £6,403.852 (historical cost £4,703,371 l and Long Leasehold Propertie5 £3,034.923 (historical cost £2,305,001). 26 THE LANGDON FOUNDATION (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2020 15 Debtors Group Charity 2020 2020 2019 2019 Trade debtors Amounts owed by group undertakings Other debtors Prepayments and accrued income 431.780 375,577 261,199 8,394 56.444 78,571 22.412 54.239 58.392 463,429 953.60 65,695 351,033 792.305 326,037 155,222 16 Creditor5: Amounts falling due within one year Group 2020 Charity 2020 2019 2019 Trade creditors Taxes and social security cost5 Ocher creditors Accruals Deferred income Amounts owed to group undertakings Bank loans 171,255 209,935 47,932 223,402 176.125 231,190 107,571 85,192 155,645 193,325 65.274 47.400 5.780 56,592 176,125 773,605 4,000,000 113.041 18,706 39,122 21,672 193,325 908,199 4,000,000 4,828,649 772,923 5,124,776 1,294,065 Deferred income represents parental contributions r￿e1ved towards the cost of housing provision of our members and two cru5L grants. Group Charity Balance as ac I january 2020 Amount received in the year Amount released co inctsme from charitable activities Balance as at 31 December 2020 193,325 193,325 (17,200) 176,125 {17.200) 176,125 Amount5 falling due after more than one year Group 2020 Charity 2020 2019 2019 Bank loans Other credltors 4,000,000 4,000,000 4,000,000 4,000,000 In january 2018 all bank loans were consolidated into a sIn￿e £4m facility. An initial £3tn was drawn down on 15 january 2018 and che balance of £1 m was drawn in May 2018. Thi5 loan 15 interest onlywith variable interest charged at 2.95% above Bank of England base rate with an original requirement to refinance after 3 years. These loans are a150 secured on the majoriLy of the Foundation's freehold and leasehold properties. The refinancing dite has since been extended until lanuiry 2022. Included in Other creditors is an interest rate swap which matured in early 2021. The swap is for a notional amount of approximately £ I million with a fixed rats of 2.88% and a floating rate based on the UK base rate. 27 THE LANGDON FOUNDATION (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2020 17 Analysis of charitable funds nal sis of move in restricted funds Balance asat I January 2020 Income Expenditure Transfer between funds Fund5 as at December 2020 Langdon Foundation Property Development Fund Volunteer man2ger Wohl Foundation 210.000 i 0,000 501,000 25,000 8,866 534,866 {33,2851 {28,7501 112,0431 174,0781 677.715 6,250 3.177 3.177 220,000 6B3,905 Langdon Community Brady Club Employmontlsocial Enterprise Ambassadors ManCheS￿r Supported Living Manchester Mini Bu5 Activitie5 Occupacional Theraplst City Bridge Trust ICT equipment Staff training Infection Control Funds 43,143 41.000 120,1431 1307,372) 23,000 266,372 1,834 1,834 10,663 6,140 6,863 {395) 4.195 (20,378) 17,507 14,640 5,000 {14,640} 5.000 9.650 {16,7451 11,944} 7,095 228 4,000 57,448 172,831 4,000 32,959 {24.4891 1385,7281 38,981 257.313 Langdon College Nathan Laski Memorial CT Brotherton Real Estate ESFA Pension Grant EFA Capital Programme Laptops for Students City Bridge Trust ESFA Tuition Fund 2.000 13831 12821 {29,4201 16,5851 1,617 1,525 1,807 29,420 12,686 2,040 i 0,000 4.415 60.561 9,335 15,436 {2,0401 19,2621 738 4,415 23,731 11,142 {45.9321 {2,0401 Langdon Housing Property maintenance fund soo 500 16491 16491 149 149 Group 270,123 768.757 {506,3841 258,799 791,292 28 THE LANGDON FOUNDATION (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2020 Anal sis of movements in vestricted funds ~ revio Balance asat I January 2019 Income Expenditure Transfer between funds Funds as at December 2019 Langdon Foundation Property Development Fund National Lottery The Pears Foundatio 106.705 210,000 i 0,000 6,667 226,667 1106,705) 210.000 10,000 115,782} {122.4871 106,705 220,000 Langdon Community Brady Club Employment New Chapters Ambassadors Manchester Supported Limng Manchester Mini Bus Activities Occupational Therapist 36.601 12.500 71,604 250 5,935 2,587 14,640 5.000 149,117 153,4791 1136,4021 1313,345} 16,878 123,902 241.741 1,584 1.834 15,9351 14,920 17,507 14,640 5,000 38,981 16,504 1509,1611 382,521 Langdon College Donations Brotherton Real Estate lan Karten Charity grant EFA Cipital Programme 186 {1861 13,0641 (24,3141 4,871 24.314 14,872 44.057 1.807 5,578 5,764 9,335 38,6791 Langdon Housing Property maintenance fund 1.040 1.040 (1,148) (1,1481 108 108 Group 128,973 420.881 1671.4751 391,744 270,123 29 THE LANGDON FOUNDATION (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2020 The Langdon Foundation Property Development Fund is to refurbish a Langdon-owned property ¢0 modern standards. Volun¢Èor man2ger are fuunds from the National Lottery and an individual donor to support the recruitment of a volunteer manager Wohl funds stjpported i research project carried ou¢ for Langdon Foundation and two other eharities Langdon Community Brady Club offers social activities to younger people with learning difficultie5 in Edgware. Employment & Social Enterprise aids and trains people with learning difficulties to find employment. This includes New Chapters which offers a safe working environment to gain work experience. Ambassadors Manchester was created to service the fundraising activities ol the parental group and is earmarked for specific purposes. Supported Living Manchester is our main operation in Manchester and helps bridge the gap lett by shorLfa115 in Government funding. Mini Bu5 fund5 were raised to purchase afid support a new Mini Bus- the minibus was purchased in 2020 Activities are additional members activities, often arranged in the evenings and weekends Occupational Therapist is to fund the employment of an occupation31 therapist to support our members City Bridge Trust funded the cost of PPE and some deep cleaniJ)g related to the Covid19 pandetni¢ ICT- 2 donations were received co purchase laptops for some of the people we support Staff training- a donation was received to support training of care staff Infection Control- funds were received frorn Local Authoritie5 to support additional costs incurred in relation to the Covid19 pandemic Langdon College EFSA items are for specific purposes as noted Brotherton Real Estate is towards the cost of creating a M￿siC room for students lan Kar￿n Charity Grant was towards the ¢ost of a digital printing operation. City Bridge Trust funds are towards the cost of therapy for students during the Covid pandemic Norman Laski Memorial CT funds the garden project Laptops for Students were lunded by Arbib Luca5 Charity and jews Temporary Shelter. Transfers are made from general funds to restritted funds to make up the shortfall between expenditure irjcurred on and donations received for those activities. Restricted fund5 created by donation5 received by the Foundation for 7&CtiVities undertaken by other group entities have been shown under the group member that ultimately applies the expenditure in accordance with the restriction. 30 THE LANGDON FOUNDATION (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2020 Anal sis of movements i Group Balance a5at I January 2020 Income Expenditure Transfer between fund5 Funds as at 31 December 2020 Unrestricted funds General fund Property revaluation fund Total unrestricted funds 2,958,080 3,176,930 6,135,010 7,674,136 649,373 8,323,509 17,748,804) {258,7991 2,624,613 3,826,303 6,450,916 17,748,804) 1258,799) nts in unrestricted and desi nated funds- reviou5 ear Group Balance as at l January 2019 Income Expenditure Transfer between funds Funds as at 31 December 2019 Unrestricted funds General fund Property revaluation fund Total unrestricted fund5 3,125,270 3,175,171 6,300,441 7,506.756 1,759 7,508,515 17,282,203) {391,744) 2,958,079 3.176,930 6,135,009 {7,282,203) 1391,744) THE LANGDON FOUNDATION (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2020 18 Analysis of net assets between funds Group Unrestrtcted funds Restricted funds Total Fund balances at 31 December 2020 are representsd by.. Tangible fixed assets Current asset5 Creditors- le5S than one year 10,260,476 1,019,088 (4,828,651) 6.450.914 10,260,476 1.810.380 (4,828.651) 7.242.205 791,292 791,292 Charity Unrestricted funds Restricted funds Total Fund balances at 31 December 2020 are represented by.. Tangible fixed assets Current assets Creditors- les5 than one year 10,170,425 1239,8551 15,124.7761 4,805,794 10,170,42S 444,110 (5,124,776) 5,489.759 683,965 683,965 Analysis of net as$ets between funds- previous year Group Unrestricted funds Restricted funds Total Fund balances at 31 December 2019 are represented by.. Tangible fixed assets Current assets Credstors- less than one year Creditors- more than one year 9,665,177 1,462,753 1552,923 14,000,000) 6,575,007 9.665.177 .512,876 1772,9231 {4.000,000) 6.405,131 50,123 1220,000} 1169,8771 Charity Unrestrirted fund$ Restricted fund5 Total Fund balances at 31 December 2019 are represenced by.. Tangible fixed assets Current assets Creditors- less than one year Creditors- more than one year 9,557,212 464,000 11,074.065) 14,000,000) 4.947,147 9,557,212 464,000 11,294,065) 14,000,000) 4,727.147 {220,0001 1220,000} 32 THE LANGDON FOUNDATION (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2020 19 CommÉtments under operating leases Group Land and Building5 2020 2019 Total of future minimum lease payments under non-cantellable operating leases are.. Expiry date.. No later than one year Later than one year and noc later than five years Later than five years 313,240 239,175 295,411 306,721 Charity Land and Buildings 2020 2019 Total of future minimum lease payments under non-cancellable operating leases are.. Expiry date= No later than one year Later than one year and not later than five years Later thats five years 88.819 66,614 69.716 155.434 20 Reconciliation of net movement in funds to net cash flow from operating activities 2020 2019 Net movement in funds {Gainl on revaluation of property Add back depreciation charge Deduct interest income shown in Investing activities Fixed Asset disposa15 Ilncrea5ellDecrease in debtors IncreasellDecreasel in creditors 837.075 (649.373) 204.206 (947) 124.2821 {1.7591 172,999 (4,1891 3,890 430,417 11,273) (161,295) 55,727 Net cash provided by operating activities 285,393 575,803 33