Docuswjn Envelop8 ID." Ec5A4BC4EIFF43AI-B485B5971BBcD3 Charity Re8lstration No. 1142742 Company Registrntlon No. 07621714 (England and Wal•g) Langdon Empowering independence THE LANGDON FOUNDATION (A Company Llmlted by Guarantee TRUSTEES, ANNUAL REPORT and CONSOLIDATED ACCOUNTS For the Year ended 31 December 2023
DOcusn EnOpe ID.. ECSA4Bc4.E1FF43A1-84B5Bs97lBDBcD3 THE LANGDON FOUNDATION (A COMPANY LIMITED BY GUARANTEE) LEGAL AND ADMIN15TRATNE INFORMATION Truste¢$ Mr N Doffman {Chatmwnl Mr P Goldberg {Vic¢-ChalmnI {appointed l AUSt 20231 Mr M aThe (Reslgned l Awt 20231 Ms E Casdeton la4)polnted l August 20231 Mrs S Cooper Ms S Frai$ Ire5i8ned l Augusr 2023) Mr N Henry Mr Ploseph (resigned 5 Juty 20241 M5 C Kaye {IppvliiLeTJ I AuxusL 20231 Mr D Kleln lapp¢inted l August 20231 Ms C Lerner lappoSnted l August 20231 Mr l Lerner {appointed l August 20231 Mr R Levy ITr¢asurerl lappointed l August 20231 Mr A Loftus lappoInd l August 20231 Mr B Mlller IresiKned 5 july 20241 Mrs K F1Illllps MBE Mr S Salomon {resi8ned 28 lune 20231 Mrs S 5hieff Ireslgned l Au8U$t 20231 Mr R Tenzer (Treasurer un1 resl4nation on l August 2023) Chlaf E¥•cutl Mr R Franklin lappointed l Au8ilSt 2023} Mr N Taylor Iresilned l August 20231 Company Secr•tary Mr P Darnell {appolnted 12 February 2024} Mr B Shlne Ireslgned 12 February 20241 ChaAty number. 1142742 (EnaTrd and Wales) Company number 07621714 (En¢j and Wles) Prlndpal address 333 Edttre Road Floor 3 London NW9 6TD Rezlt•r•d Office 333 Edware Road Floor 3 LDndon NW9 6TD Audltor Cohen Arnold New Budingron Hou 1075 FinchlEy Road London NWI I OPU Banker5 Lloyd5 40 Spring Garden$ Manchester M2 IEN
DrKu5iqn Envdcpe ID.. EC5A48C4-ElFF43A1448B591lBDBcD3 THE LANGDON FOUNDATION (A COMPANY LIMITED BY GUARANTEE) CONTENTS Trustees, AnThU Report Independent audltor's report
8 Statement olflnancval actlvldes Balance $h¢4t 10 Stst•m•nt of ush flows Notes to th¢ iccounLS 12-27
DO51gn Envdcp810.. ECSA48C4Q1FF43A1-B489-5B5971BD8CD3 THE LANGDON FOUNDATION (A COMPANY LIMITED BY GUARANTEE) TRUSTEES. ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 Charlty Informatl¢Jn The Trustees present their annuaj report and the financial statements for the p¢rlod ended 31 December 2023. The a¢¢ount5 have been prepared In accordance wth the accountlng pollcles sÈr In note I to the a¢<0unts and cornply wfth The Langdon Foun¢Jation'$ Mernorandum and Arn'cle5 of Ajsociation. the Charities Act 2011. the Companie5 Att 2006 and the Charl¢le$ SORP {FRS1021. R•feren¢¢ and admln15tr&tlve detalls Th¢ Langdon Foundation Is a registered charity (No. 1142742) and a company Ilrnited by 8uaranree and noi havSnx share capltsl (No. 076217141. The re¥tered offl¢e 1$ as shown on the IEDI and adrninistrative 1nforrna0 pa8e. The Trustee5 On the date of thls reporL all of whom ierved thrDu8hout the financlal perlod unless otherwSse SndScatBd are as followJ-. Mr N Doffman {Chairmonl Mr P Goldberg {vchoInndft> (appointed l Au8U5t 2023) M5 E Castleton (appointed l August 20231 Mrs S Coop¢r Mr N Henry Ms C Kaye (appolnted l Augus¢ 20231 Mr D KleSn lappolnted l August 20231 Ms C Lerner {appolnted l Augusi 20231 Mr l Lerner lappolnted l Au8U5t 20231 Mr R Leyy lappolnred l Au8USt 2023} Mr A Loftus lappointqd l August 20231 Mrs K Phlllips MBE The ¢urr•nt Truitees have the power w remo¥¢ and appoint tru5teu. There are a maxlmum number of l 4 ¢ruste$ and not le55 than B who may be appoInd to the Board. The Chief Executive contrt5 the day-t+>day rnanagement of ¢he charity together wlth the ienlor man4ers and employees. The Chlel Executfr4e works closely with the Senior Leadership Team as Ilscetl below. The Senior Leadershlp Team of the Charity Is.. Mr R Franklin Chiof Executive Mrs H Sowa DSre¢tor ol Operuons Mr A Ovedander-Kaye Dlrector of Fuhdralslng Mr P Darnell Director of Corporate Servlces Mrs M lane$ Chiel Transfomiailon Offlcer Structurep zovernance and m•na8•m*nt The Lan¥don Foundatlon was incorporated and escabli5hed by N¢m0Nndurn and Articles of Associauon on 4 May 2011 as amended on 6 july 2015. The Langdon Group comprises the Lan8don Foundadon IEharKy number 1142741 company number 076217141, Langdon College Icharty number 1088936. rornpany numbEr 41044661. Langdon Community {charlcy number 1086393, ¢tsmpany number 40553381 and Langdon Housing (charity number 1142743, company number 76232461- On l August 2023 Langdon Foundation m¢rged wSth Klsharon to form the KisharonLangdon Group. The external advisors of The Langdon Foundation are a5 Set out on the legal and admlnistratyve page.
Dtscuggn Envelry)e ID.. EC5A4BcIFF43A1-8485b5971B0BcD3 THE LANGDON FOUNDATION (A COMPANY LIMITED BY GUARANTEE) TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 Current Developrn•nts On 31 Au8U5t 2024 Langdon Foundatltsn tranjferred its staff. aets and ILibllltSe5 through TUPE to KlsharonLangdon with th¢ exception ofr. Fre¢hdd and lon8 leasehold property (note I 51 The loan from Unl¢y Bank (note 171 Corporn¢• governancè Processes are in place to ensure that performance is monitored, and that approprlate management Informatlon 15 prepared and reviewed regularly by both the Chalrperson and thg Board. Systems ol internal control are dIgned to PrOde reasonable assurance aplnst material rnis$caternent or1055. They Indude: an annual budget approved by the Trustees., • regular conslderatlon by rhe Trustee5 and the FlThanc4 Audlt and R15k Commlttee of ¥rneral budget performance,. * delegation of daY-ldaY management and regulatory comp15anc• authodty.. and • Identrtlcad¢n and mana8ernent g( rlsks Obl•itivei, actlvltl••. achlevements •nd perforrnJnc• The Obje of the Charty are th¢ adydncemqnt of ¢ducatlon and the rnll•f of Indlvlduals wlth speclal educatlofi needs or rnenral Illness and other a5SOtiated dlfflcultSes including ihroygh the provision of support to their famllies and15ave for purposes Incldentsl and ancillary tp those o'ectlV•51 nu ocher purposas. The Charlty ij estab115hed In accordance wl¢h the tenets ol the lewi$h reli&on. Langdon 13 a leadln£ tharliy that empowers 50mé 120 lew15h adults wl¢h learnlng di5abllldes and autlstlc spectrurn d150rder5 w4th the sk1115 and opportunlties to 15ve 5ndependenY In their communit5es, withln a lewsh eth05. Langdon operare5 In the Manchester are4 NorEh-West London and nearby areas and deals with more than I S Local Authorltles. Our vlslon is to ensure thac people with learnlng disabl1}eS have the same opportunitle$ as everyone elsq, so they can liye indopondently In thelr lool comrnuniy. Our alm Is that people with learning di5abiliii¢s Ilve in an inclusive world where they are valued equally. Our aspiration Is to create a cornrnuniy In whlch jewish young people and adulrs wlth learning d15abilles or with aUtI$C spectrum disorders thrlve and have equil opportunI*S to Ilve the Ilves they choose. We have been gulded by the followlng strateglc ilm$ o¥•r ¢he past year.. Diver$lfy the range of lifq opportunlties for members and their famllSe5 2. Develop and equip our workfvrre to be able to respond to the IncreasSng levels of compl•x n¢ed5 and expettations of qultY of setvice Build organisational capaclty to pro¥ide10ng-term sustainable housinglllfe OPLions. 4. Improve our en8agement with the community and bulld the trust of our stakehplder5 so as to maxirnise level$ of support lor the organisatlon S. Idenufy mlrtually beneficial partnerships andlor collaboratlons that deliver ¢¢$ts effettwt seThlces and yue for money On l August 2023. Langdon Foundatlon merged vAth Klsharon w form rhe KisharonLangdon Group.
Envelope ID.. ECsA4BC4-E1FF43A1-B48SBS971&DBcD3 THE LANGDON FOUNDATION (A COMPANYLIMITED BY GUARANTEE) TRUSTEES, ANNUAL REPOFiT FOK THE YEAR ENDED 31 DECEMBER 2023 Publlc benefft The Trustees have cornplied with thqir duties set out In settion 17 of rhe CharTtie5 Act 2011 to have due regard to the idance publl$hed by the Charlty Commission. The benefrt to the public 1$ rnanrfestly demonstrdted by the achievements contained in thi5 reporL all of whSch Seeks to eXnd and improve the care of young peopl¢ whose Iwe chances. aspiratlons and contributions to $4xSety wll be enhanced. as a result Support from Foundation cons15ts of grdnts to Cdlege, HousSng and Community for specific projects and the prov151on of rented residential accommodavon for these charkI. whlch Is pur¢hased for their on-g01ng requirements. This support also ¢nable$ che advancement of education for the Coll¢$e and 8Fves financlal as$15tance towards the support of young people and adult5 wlth spxial edutatlonal needs. The support that IS 8lven by College, Hou51ng and Communlty is unr¢laeetJ to any indivldual's ablllty to pay for setylc*5 as Langdtsn Foundatlon enables houslng to be awallable for those Sndlvidua15 who do no¢ have the financlal mean$ to conrrlbu¢e towards their own home and is wlthin the remlt ol the Founda0.5 areas al Opera0Th. Membern who live Sn Langdon houses have the benefit of livlD8 in horne5 that give • good standard of acEommodatlon, whlch mlght not have othernylse begn posslble. Rlth management Langdon'5 approach to rl$k management Include5 the Identificacion of r15k5 on both 'top down. and 'boiwm up, ba5e5, and the rating of identSfied rI5ks according ¢0 the Ilkelihood and impact ol the risk wcurring. We overlay on thls a revlew of the risks to dellvery of the bu51ness plan for the curren¢ and subsequent years. Mitifdting controls are identified and, where lurther attlon is required. deadllne5 and respon51bllltle5 a551gn•d. Those acdVI¢5 wbth hl8her risk rntlngs are priorlti3ed. In addirlon to review by the Senlor Leadershlp Team, the r+5k reglster Is revlewed regularty by thi Finance Audlt and Rlsk Comrnlttee on behalf r)f fhe Board ol Trustees and 15 5y5tema¢ically rtvlewed five tlme$ a year for each Board eetIng. Fallure In sucCusfv1 contludlng the merger discussions w5th Klsharon was Idenclfied as a crltical rlsk In addltlon to the contlnued Inflailonary environment tha¢ 15 affecting the Umlted Kingdom. The Impa¢c of both rl$ks was beln8 monitored closely by the Trustees and Senior Leadership Team. The orher key risk areas have been identmeid as.. Care and Safeguardlng iTh¢ludln8 Infecon and securlty rlsks. Reputation ID¢ludin8 Impact of serlous incidents, data breaches. Fundralslng rlsk Including the impact of rhe economy on fundralsing. Loan flnance inLerest rate and the linked factor of property secured by the10an. Flnanelal r15k Including dependency uptsn current government hJndln8 arrangements for the people we $upporL Facllity rlsks Including health and 5ale¢y, un5Uitability ol arcommodation. sustained 105s of IT. People rlsk5 includlng recruitment chall¢n%e5. staff shortages and wage inflation. Flnanclal Review. Mana8ement PollcS•1 and Results for the Y• The Statement of Flnancil Attl¥lde$15oFAI, set out on page 8, show5 that the Ftsundauon receiY¢d dona¢lons and income of L8,997,02312022.. (8.838,6281 of whlch £1 0.401,29912022.. £9.258,160} paid out on expenses. loaving a deficlt of 1,404.27612022 deficit.. £419.S321 before revaluailon of properdes and Langdon merger cost5. Our Income and expenditure are finely balanced and the continulng Impaa of changes ro mlnlmum wage rate$ wlthout COmrable increases In statutory funding conunue5 that 51tuation.
Do0n Envebpe ID.. EC5A48c4-E1FF43A1-B489-565971BD3
THE LANGDON FOUNDATION
(A COMPANY LIMITED BY GUARANTEE)
TRUSTEES, ANNUAL REPORT
FOR THE YEAR ENDED 31 DECEMBER 2023
Rer¥e$
The reserves of the Langdon Foundation are most fvlly Invested in fixed assets for the use of students and re51dents. At
31 December 2023. the charity holds reserve5 in the following entities.. Foundatlon £4.265k Cornmunlty £l.I I I k College
1313k 3nd Hou$ing £98k. Group total reserves are £5.787.586. our of whlch £343.175 Is restriCd. £10,196.310 relats5
to tanw'ble fixed assèts12022.. £10.943,8951, leaviw unrestricted re$erYes at a negative1£4.751.8991 i.e. there are no free
reserves. Our con5glldated balance sheet remain$ strong wth freehold and leasehold properties totallin8 £10.196.310.
Connected charltld and Golni Concern
The Lan8don Foundation is part of the KlsharonLangdon Group. Havlng reviewed the operatlon5, assets anil ca$hflow of
the Group it is the ¢¥inlon of the tru5cee5 that li 55 approprlate that the accounts of the compat)y are prepared on a
golng concern basls.
Dls¢loiuM of Inforni•tll to audlto
Each of the Trustees hè$ confirnied that there 15 no Inforniation of whlch they are Kth aware whlch Is rel•vant to the
audit, but of which the audltor Is unaware. They have each further conflrrned that they have each taken appropriate steps
EQ identlfy such relevBnt informatlon and to e5tab115h that ihe auditors are ol such irbforrnatlon.
Stat•m•Tht of truitee#' r•iponilblllties in relatlon to the flnanclal #tst•m•Tht
The Charlry's trustees Iwho are a150 the director% of The Langdon Foundatlon for the purposes of company lawl are
responslble for preparlng a trustees. annual report and flnanclal staremènts In accordance wlrh appllcable law and Unlted
K6n8dom Accounting Stantlards (United ngdoM Generally Accepted Accounting Practlcel Including FRS 102 "Tha
Flnanclal Reportin8 Standard applir4bl¢ In the UK and Republic of Ireland"
Company law requlres the Charlty trustees to prepare finarKid statements lor •ath year whlch glv• a tnje and tsir vSew
of th• 5tar¢ of affalrs of the tharltable
Dthxsign EnveloFe ID.. Ec5A4Bc4-E1FF43A1-B48SBSg7yBDBCD3 THE LANGDON FOUNDATION (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF L4NGDON FOUNDATION Indep•ndent Audltoes Report to the Members of Langdon Foundation OpinloD We have audited the financil Statements of Langdon Foundation tharitable company'l and its subsidiaries I'the grgup.) lor the year ended 31 December 2023 which comprlse the Consolidated Srat¢m¢nt of Financval Acti¥lue$. Group and Charlty Balance Sheets, Consolidated Cash Flow Staternent and notes to the financial Statements, Including $18nificant accountSng policies. The financial reporting framework that has been applied in their preparadon 1$ applicable law and United Kingdgm kcounting Standard$, Including Financlal Reportin8 Standard 102 The Financial Reptsnin8 Standard applicable In the UK and Republlc of Ireland (United Klngdom Generally Accepted Accounting Pracvcel. In our opinion die ftn&icial stLetliVlils.' ve a rrue and falr view ol the $tate of the group's and the charitable company's affair5 as at 31 December 2023 and of the group's Income and expenditure, for (he year then ended.. have been properly prepared in a¢cordance with Unked Klngdom Generally A¢ceptd ACCOUnng Pt7rt1c¢.' ané have been prepared in accgrdance with th• requlrements of the Companie$ Act 2fJ)6. 8asl$ for oplnlon We condu¢t•d our audlt In ac¢ordant4 wlth Internatlon Standardx on Audldng IUKI IISAJ IUKII and applicablè law. Our re5ponsiblllrles under those standards are lurther described In the Auditor's respanslblllties for the audit ol ¢he flnanclal statements secdon of our report. We are independent of the group In accordance with the tthlcal requlrements that are relevant to our audic pf the financial sta¢ements in the UK, Sncludln8 the FRC'S Ethlcal Standard. and we have fulfilled our other ethlcal r¢spon$ibllitles sn accordance these requirement5. We b¢lieYe t< the audit evidence we have obtained Is sufflElent and approprlate to provide a basls for our oplnion. Condusions rel&tln8 to golnz ¢oncorn In audldng the flnanclal statemenu. we havo concluded thit the wu5t•e'5 use of the gpln8 concern bsls of accountlng sn the preparatlon of the financlal staternents is approprlate. B•sed on the work we have perforrned, we have not ident5fied any material uncertainties relatinK to events or condition5 tha4 Indlvidually or colleciively, may ¢ast slgnlficant doubt on the chadtablo company's or the 8roup' ablllty to contlnue as a goin8 concern for a period ol at least twelve month5 from when the flnantlal statem¢nts are authod5ed lor Issue. Our responilbllltle5 and th• rejponslbllldes of the trustees wlth reipect to going ¢oncèm are descrlbed the relevant s¢rtlons of thi5 report Other Infomiation The other Information comprlses the inforrnation included in the annual report. other than the Ilnanclal 5raternents and our auditor'5 report therEon. The trustees are responsible for the other inlormation. Our oplnion on the Inan¢ial staternents does not cover the other information and, exeEpt to the extent othekylse explicitly stated In our repor4 we do ntsi expre55 any form of auurance concluslon thereon. In connection wlth our audit of the financial sratement5, our responslbiliry 15 to read the other Inforrnation and, In doing so. consider wheiher the other inlorrnation is ma¢erially ificonsistsnt the financial statements or our knowledge obtained in the audit or otherwise appears to be materially mls$taied. If we identify such material Inconsistentie5 or apparent material mi5Statements, we are required to dermine whether there is a materlal mlsstatement in the finan¢lal $utement$ or i materlal mi55tatement of the other information. If, based on the work we have perfornied. we EonElude that there is a material misstatement of this other information. we are required to report that farL We have nothlng to report in this regard. Opinlons on other mattsrs pre5crlbed by the Companles Act 2006 In our oplnlon based on the work undert*ken In the course of our audit the information yven in the trusree5' repor( which includes the directors. report prepared for the purposes of comp•Thy13w. for the financial year for which the flnanEial statements are prepared 15 conslstent with the financial 5tatement5.' and the tru5tee5' reporr ha5 been prepared In accordance with appllcable I requiremen¢$.
DDcu5vJn Enveh)pe10.. ECsA4Bc4lFF43A1-B48g-SBS9718DBcD3 THE LANGDON FOUNDATION (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF LANGDON FOUNDATION Matters On whlch we are requir•d to report by exception In lighc of the knowledge and uThder5¢andlng of the group and the ¢harltabl¢ company and thelr envlronment obtslned in the course ol rhe audit, we have not Idertdfied material mi55tarnen(S In the tyu5tee5' reporL We have nothingto report in respect ofthe following matters in r8latlon to wh5ch the Companie$ Art 2c6 requires us to report to you If, In our oplnion.. adequat¢ and proper accoumlng records have not been kep4 or the financlal rtatements are not In aKr8ement wlth the accountlng records and return5.' or certain disclosures of tru5tees' remuneration speclfled by law ara not rnade.. or we have no¢ recelved all the Informa0 and explanatlons we requlre for our audlt,. or the trusrees were nor ent(ded to prepare the flnandal statements In atcordance w5th the small companies reglm¢ and take advantage of rhe snTrll companle5' exemprlons Irb preparlng the trustee5 annual report and from th¢ requirement to prepare a 5trateglc report. R•ipon55bllltl¢s of trustees As expla5n•d more fitlly Sn the trustee5' rt$ponslb51i¢s itaternent set out on page 4. the trustees (who are 50 the dlrectors of the charStable company for the purposes of company lawl are responslble for the preparatlon of the financial statements and lor being satlsfied that they glve a true and falr vl•w. and for such internal ¢ontrol as the tru$rees determlne 15 necessary w enable the preparac5on oi nnaThci#l statemenu thit are free from materlal ffliS5o£emenL whether due to fraud or error. In preparlng the ftnanclal JttemeThcs, the ¢rusiees are responslble for ssessln8 the charItae company's ablllty to continue u a golng concern. disc105in& as applicable. matter5 related co going concern and uslng the 8olng concèrn bajis ol accounting unless tha tru5teei oither Intend to Ilquldat• the chariuble company or to cu$e operation5. or have no realistlc alternaVe but w do sg. AudltorfB responslbllltl•s for the audlt of the Ilnanclal st•tements Our oblecdves are to obtain reasonable assurance about whether the financial Statements as a whole are fre¢ frorn material mis$tatemen4 whether due to fraud or error. and to luu¢ an audlwr's report that includes our oplnlon. Reasonable a$iurance is a high level ol assuranc¢ but 15 not a 8uarantee thar an audit conducted in accordanEe wich ISA5 IUK) wlll Iways de¢eci a rnaterlal m1551atement when It ex15t$. Mlssurements can arise from fraud or error and are consldered materlal If. Indlvldually or In the aggregate, they could reasonably be expeetotj to Influence the tonomlc dec5slohs of u$trs taken on the basis of these flnanclal statements. Ext•nt to whlch tho nudit conjldered cpabl• of det¢¢tln8 irrn¥ulvltlM. Includlng frnud Irregularltles. including fraud. are In5tanEes ol non-complknce wlth laws and re8ular(ons. We identsfied and assessed the risk5 of rnaterlal mlsstatement of the flnanclal statements from Irr¢gularStle5, whether due to fraud or error. and dlscu5sed these between our audlt tearn memb¢r$. We then designed 2nd perfomed audlt procedures re5ponsNe to those risk5. Including obulnlng audit ewdenc• %uffi¢i¢nt and appropriate to provide a basi5 for our oplnlon. We obtalned an understandSng Of the legal and regulatory framework5 wlthln whlch the charltable company and group apErates. focusin8 on those laws and regulatlOn5 that have a direct effetr on the deterniina¢Tron of materlal amount5 and dlsclosures In the financlal stsiements. The laws and regulation5 we consldered In thls context were the Companle5 Att 2006. the Charltle5 Act 201 I together wlth the Charities SORP IFRS 1021. We assessed the required compliance wfth rhese laws and regula¢ions as part ofourauditprocedures on the related finandal statement items. In addldon. we considered provisions of other law5 and reKulatlons that do not hav a dlrett effett the flnanci statement5 bu¢ compliance with which mSght be fundamental to the charthle company's and the group's ability to operate or to avold a Mateal penalty. We al$0 considered the opportunities and incentive5 that may exist wthin the charitable Company and the group for fraud. The laws and reylations we considered in thls context for the UK operatlon5 were Gene Dats Protection Regulation IGDPRI, health and Safety leg151ation. employynent legisladon. legislation, Education Ac¢ and CQC Regulation5 for 5ernfice providers and managers.
DroJ¥lgn Envdow ID.. ECSA4BCE1FF43AI-848W5B59718DBCD3 THE LANGDON FOUNDATION (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF LANGDON FOUNDATION Audicing standards Ilm the required audii procedure5 to identfy non<ompliance with these laws and regulation5 to enquiry of the Trustee5 and other management and iThspecvon of rezulalory and legal ¢orrespondence, if any. We cornmunicared these Identified framevKrk5 arnong5t our audit tearn and remained alerc EO any indications of nen.tampliance throughout the audit. We ensured that the engagement team had sufficient competence and wbility to identlfy tsr re¢Dgni5e non<ompllanE8 wlth laws and regulaoMs. We dlscu55ed with the directors and senior management th8 pollcies and proc4dure$ rt8ardlng compliaTh¢¢ wlth these legal and reglaI9ry framework5. We asiessed the suseeptibiliw of the group's flnanclal statements tr materil m15stateme InEludlnK how fraud might occur. by reviewing the group's identrfied risks and enquiry wtth the dlrectors and 5enlor management durlng the plannlng and finalisation phases of our audiL The sy$cepdbillty to such material mlssutement was determIa tp be low. Based on thls understandlnRwe designed ouraudlt procedur¢3 ¢0 Identify non-complmnce wlth the Identlfled le and regulatory frameworks which wero part of our proE¢dure5 on the related financial statement items. Our pr¢Kedure5 Included revlewlng the Sroup's Internal contro15 policies and procedures. reewing the mlnute5 of board meetlng5 and correspondenc£ wlth regulatory bodles In¢ludSng HMRC, testing transaalon5 outslde the normal course of the buslne55 and journal enrAe5, and d15CUS5ions wlth the dlrector5 and senlor Management. We identihed rhe 8r•ate5t rlsk of material Impact on the nnanclal statements from Irr*gularStJe5, Includlngfraud. to be within inwne recognition, and the overrfde of contro15 by management. Our audlt procedures to respond to theje rlsks In¢luiJed enquiries o( mana8ernEn¢ about their own Identification and assessmet)¢ of the rf5ks of5rregula¢$, sample restingon the postlng of journals reviewing occountlng estimates for blases. revlewlng regulacory correspondon¢¢ wlth the Chlrlty CommlsslDn. and readlng minuies of meetings ol those charged with 8overnance. Owlng to th¢ Inherent IlmItaonS ol an audlL there Ss an unavgldable dsk that we may not have d•tected some terial mlsstatements In the financial $tat¢ments, even though we have properly planned and performed our audi¢ in accordance wi(h auditing standards. For example, th¢ furthèr r¢moved nonrycompliance wfjth la and regulttyons lirregularitiesl 15 Irom the ¢vent$ and transactions reflecied in the financ& staternent5, the less lik¢ty the Inherendy Ilrnl¢ed protedures required by auditin8 standards Wf)uld identify it. In addltltrn. as wlth any audlt, rh¢re remalned a hlgher r15k of non-detecflon ol irregularlties, 4$ these may involve ¢olluslon, forgeryb intentltsnal omlssions, mlsrepresentatlons. or the pverrlde of In¢ernal controls. We are noi re$ponsible for prevendnx nofi.compliante and tannot be eXpeCd Eo detect noTh-compllance wlth all laws and regula¢Son5. part of an avdlt in ac<ordance with ISAS IUKI, we exerclse prole551onal judgment and malnuln prOfesonal sceptycism throUoUt the audit. We a150'. Iderttjfy and assesj rhe dsks ol rnaterSal mlsstatemenc of the financlal statement5. whether due to fraud or error, deslgn and perform audit procedures re$pon5Ne to those rlsks, and obtaln audlt evldence that is 5ufficSent and approprlate to prgvlde a basls for our opinlon. The risk ol not detecting • maierial mis5t&tement result5fig from fraud Is hlgher than for one resulnI frorn error, as fraud may Involve colluslon, forzeryi Intentlonal omlsslons, misrepresentatlons, or the overrfde of Internal control. Obtain an understanding of internal control relevant to the audlt in order to de5i8n audit procedures that are appropdat¢ in the Eircurn5tances, but t¢ lor the purpose af exprE551n8 an opinlon on the effectiveness of the iThrnal control. Evaluate the appryjpriateness of a¢¢ounrin¥ policles used and the rea50nableness of accountlng estimates and rèlated disclosures made by the trustees. Conclude on the appropriateness of the trustee5' Use of the going cgnEern basis of accOunng 2nd, based on the audlt evldence obtained. wheth¢r a material uncertainty exist5 related to events or conditlPn5 that may cast slgnfficart doubt on the chaty,% abllity to continue a5 a going concern. If we conclude that a materlal uneertainty e¥15ts, we are required to draw attentlon In our auditor's report To the related disclosures in the financial statemenrs or, if such disclosures aro lrtade9uate, to modify our opinion. Our conclusions are based on the audit edence obtalned up to the date of our aUdOr.$ r¢porL Howeyer. future events or conditions may cause the charity to Ce to continue as a golng concern. Ewaluate the overall presentation, structure and contenr ol the financlal statem•nrs, includlng the disclosures, and whether the financial statements represent the undertying transactions and evenrs In manner that achieve5 falr presentation.
OocL*ion En¥elope ID.. ECsA4BC4-E1FF43A1-B48BS971BDBCD2 THE LANGDON FOUNDATION (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF LANGDON FOUNDATION Obttin SLfficlent approprlite audlt evldence regardlng the flnancial Inforrnation of the entities or business actyyltles wlthln the group ro eyress arb opiThion on the consolidated finantlal statements. We are responslble for the direction, superv151on and perforrnan¢e ol the group audtL We remaln solely re5ponslble for our dit opinion. We communicate wkh those charged governance r¢gardingi among other matters, the planned scope and timing of the audit and si8nSfiunt auditfinding5, tncludin8any slgniflcant deficiencie$ In Inteml control thatwe identfy durin8 our audlL ol our report Th15 reptsrt Is made solely to the charltobl¢ compan15 members, as a body. In accordance with chaPr 3 of Part 16 ofthe Cornpanles Act 2006. Our audlt work has been undertaken so that we mlzht 5rate ¢0 the charitable company 5 member5 chose matters we are requlred to sofE to them In an audStor's report and for no other purpose. To the fullest extent permltted by law, we do not accept or assume responslbility to anyone other tham the charitable company and the charltable company's rnembers as a body. for our audit worl for thls report. or for the opinion5 we have formed. B¢$917AI5BCtMgP Davld Goldbery Senlor Statutory Audltor For and on behalf of Cohen Arnold Sututory Audltor New Burlingeon HoUS¢ 1075 Flnchely Road Ltsndon NWI I OPU 30 Ocrobar 2024
D99n Enveh)p8 ID.. EC5A48C4-E1FF43Al-B48SBs871BD8cD3 THE LANGDON FOUNDATION (A COMPANY LIMITED BY GUARANTEE) CONSOUDATED STATEMENT OF FINANCIAL ACTIWTIES FOR THE YEAR ENDED 31 DECEMBER 2023 Note Unrestrlcted Fund5 Restrictsd fun¢ts To funds 2022 funds Z023 In¢om• frorn: Donatlons Charitsble artlvltles Interest Income Total Incorn• 543.020 8,099.165 229.906 124,814 772,916 1.371.840 ,223.979 7,466.608 180 1997 023 8,838.628 8 042 303 354 720 Exp•ndlturn on: Rthsing Ftsntys.. Costs ol genernting th)nion$ 4nd event in<cme Chorltoble ae$.. Educxdon inrt %tiJrtenr reereatlon Supported living arrangernen Total expendlture 426,31 S 420.31 S 451.289 .768,245 7 937 496 10 132056 120,794 ,089.039 1,431,076 148.449 085 945 7,375,79S 269.243 10 401 299 9,258,160 N•t In£0m¢l(peTrdltUY•) Ki5haron m¢r8er Epsts IL05s)IGn on rtvaluatlon of flx•d (1.489.753) (254.151) 85,477 (1.404.276) 1419.5321 (2S4,151) {219,194) (219,194) 684,679 Transf•rJ betWn funds 289 170 289 174 Net Movement In Fundi 1673 922 203 699 1877 621 265 147 R•con¢lllatlon of fundi: Total fund5 brought foNard Tot•1 filnds carrled forward 7118333 444411 S46 874 343 175 7 665 208 7,400,060 5 787 586 7,665,208 The statement ofllnancial activities Indudes all gain$ and lo¥$es recowised In the yeir. All In¢pme and expenditure derfves frorn contlnuing aCtIlIes. The Jtatement ol flnancial actlvltles also complles wl¢h the requirements lor the consolidated Income and expendiwrl accoun¢ unijer the Cornpanles Acc 2006.
Lk)(wsign Envelope ID.. EC5A4BC4E1FF43A1-8489-585971BCCD3 THE LANGDON FOUNDATION (A COMPANY LIMITED BY GUARANTEE) CONSOLIDATED AND CHARITY BALANCE SHEETS AS AT 31 DECEMBEK 2023 Company registrydtion number.. 07621714 Group 2023 Charlty 2023 2022 2022 F•x•d Asets Tanglble Assets 10,196,310 10.943.895 10,138,728 10,885.220 Currènt aseti: Debtor5 Cash at bank and In hand ,283.594 377.852 275.092 350.147 39.615 588.846 Total Current amets 1,661,446 1.731.857 374.400 389,762 Li4bilitie5Z Cr¢difors'. Amounts falling due wl¢hln one 2 200 248 S,010.544 2 377 749 5.556,290 Net cutren¢ Ilabllltl85 (5JB,802) 13,278.6871 (2,003,349) (5.166,528) Total assets1•55 current 11abllleS 9,657,508 7.665.208 8,13S,379 5.718,692 Amounts lallln8 due over one y 17 (3,809,922) (3,869,922) Total not 5.7B7,586 7,665.2 4,205,457 5.718.692 Th• fundi of th¢ Charlty. Restricted fund5 Revaluarlon Reserves Unre5crltt¢d funds 343,175 3,677,914 1766 497 546.874 4.677,168 2441 166 168.097 4,116.362 4S I,SOI 4.677,108 590,023 Total funds 19 5.787,586 7,665.208 4,265,457 5.718.692 Net ddcit for the Charlty only £1,4S3,23512022'. surplus 01 £281,418). Th• notes at pages 12 to 27 Iprm part ofthese accourts. 2DOBB6IFJSID4. Mr N Doffin) Chairman of Trustees hpproved and author15ed for issue by the tru$tees OTh 30 October 2024.
OocusKJTh Envebpe ID.. EC5A4BC4-E1FF43A1.B48Bs97lBDBcD8 THE LANGDON FOUNDATION (A COMPANY LIMITED BY GUARANTEE) CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2023 Note 2013 2022 Cash flows from op•ratlnA artfvitle&' Net (agh (uled byyprovided by 0rat0Th% artlvltles 21 149,921 Cash Ilow• from Inv¢stlng Ktlvldei: Purcha58 of tsnglble ftxed a$5ets Proceeds from salè ol tansible fixed assets Net cuh provlded byl{used In) Investlni actlvltles (319,726) (283.119) 779.921 460 195 283.119 CAsh flowi from finlnclng rtlvltleL Interest received Repayments of borrtyn8 Cash Inflo fr>m new borrowlng 180 14.C#)O.Ch)01 4,CKQ,000 Nét th provld•d by Ilnnclng a¢tlvltl•i 180 Ch•ny Sn c•h •Thd •qulv4lents In th• rnportln8 p•rlod 110995 133,019 Cash And c•sh •qulTAlents at th• benn18 of the reportlnz perlod 588.846 721,865 Cwh •nd cuh •qulval¢nt• •t th• •nd of th• r•portlng p•rSod 377 852
DorAJSign Envelope ID.. EC5A48C4E1FF43A1-84B9-5B5971BDBCD3 THE LANGDON FOUNDATION (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 Ac£ountlng Pollcle5 The prln¢lpal accoundng politP5 adopted, judgements and key source5 of estlmatTon uncertaincy In the prepa0 of the finan¢il 5tstements are as follows.. I. I B19 of preparntion The financ[ sutements have been prepared in accordance Ylth A¢couThtin8 and RepL)rdng by Ch3rbtles'. Statement ol Recommended Prncdce applicable w charities preparing their aceoLJnts in accordance with the Financial Reporting Standard applicable ift the UK and Republlc of Ireland IFRS 102} leffe¢¢ive l January 201 $1 {Charives SORP IFRS 10211. the Flnanclal Kepordng Standard appllcable In the UK and Republic of Ireland IFRS 102) and the Companles Act 2006. The Charlty m¢et5 the definition of a public benefit entlty under FRS 102. Assets and liabilives are initially recognised at hi5rorl¢al cost or transacty'on Alu¢ unless otherwlse stated in the relevant accountlng poll¢y. 1.2 Preparatlon of th¢ accounti on a 80Sn8 Concern baSs On 31 August 2024. Langdon Foundation transferred Its staff, assets and Ilabilities (with the txception ol its property and bank loan) and substanallY ajl ol its operatSng acUvlti¢s to KisharpnLangdon. In considering the adoption of the golng concern basls for preparingthe flnanclal statements the tru5cees have consldered the finincial r•5erves avdIlae d Ihe rlsks lacing the Foundati¢)n incluéing those ¢onnecred to the Impact of inflation on the Group's cost base. Gpvernment pollcy and lu lrnpact on income levels. lundrdi51n8 risk and the affordabillty of support avallable from members, farnille5. InEtre$¢ rate risk and the potentlal impact on the Group'5 ability w meet loan covenants and to manage cash flow. The tru$tees recogn15e that all of the unre5Lricted funds are used to finance tangible fixed asiets vknich KlsharonLangdon uses to provlde Its servSces. Although these a55¢rs could be 501d co release ca5h1subj¢ct to receiving approvals from the Group'5 loan providers}, thi5 would ttke dme. K5sharpnL3ngdon Group will provide support to the 8roup. rf necesry. However, tskSng into account the current level of resekves, eXpectaan$ for fvndralslng dur5ng 2024 and 2025, and the Founthrion's ability to xll properties15ubject to bank approval should this b¢ needed) together wlth those factors se¢ out on pages 3 antJ 4 01 the tru$te¢s' report the trustees have Concluded that rhe flnanclal stat•rnenu sh¢)uld be prepared on che basls that the Foundatlon is a going concern. 1.3 Ba$ of cOnlIdatIOn The financlal 5tatemont5 ¢Qrtsolidate the re5¢Jlts ol the charity, The Langdon Foundatlon "Foundatlon" and Sts 5ubsldlary undertakin85 Langdon College "Colle8e" Langdon Communlty "Communlty" and Langdon Housing 'Houslng" These are all al$0 Incorporated charities. Subsldiarie5 hav• been consolidad on a line-by-line basis. A separate Statement of Flnanclal A<tlvltles and Income and ExpendlLur¢ A¢<ount for the Charity has not been presented becaLtse the Charty has taken advantage of th¢ exemptlon afford4d by section 408 of the Companies Ace 2006. These companies are Ilrnltsd by guarantee and The Founditlon has th• power to appoint and remove Trustees and 15 thE sole member of the enEIDeS. The registered adtjress ol The Langdon Foundation and all Its sub5idlaries15 333 Ed8dre Road. Floor 3, London NW9 6TD. Controll•d ¢ompJny Country of reglstrtlon Status Ldn College Langdon Community Langdon Housing Langdon Trustee Company England and Wale$ {04104466} England and Wale$1040553381 England and Wale5107623246} England and Wale5 {083421691 Reglsterod charity11086936) Registered chanty11086393) Registered tharw (1142743) Cornpany Ilml¢¢d by guarantee 12
Docu*gn Enyebpe ID.. EC5A4BC4-E1FF43A1-B489-5B59718DBCD3 THE LANGDON FOUNDATION (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 The prIncIp activlty and the results of these controlled cornpanie5 for the last relevant financial period were a5 follows.. Incom• Expenditure N•t movement Sn fund$ 2023 2023 2023 PrIncI1 actlvlty College education and residentyal service5 Langdon Communlty Supported n£ n8don Houslng Houslng 5erwces Langdon Trustee Company Tru5Eee Services Lat)gdon College 1.851.512 4.797.775 1,784,798 11,897.2231 15.028,1231 {1.933,1261 145,7101 (230.3481 148.3281 Total Asseti Total Llabllitl•s Reserves asat31 D¢cember 2023 2023 2023 Langdon Colleg• nxdon Communlty Langdon Houslng Langdon Trusree Company Langdon Foundation 444,591 2,063,665 374,348 898 10,513.128 16,247,671) (131,588) 951595) 276,2921 313.004 98,056 898 4.265,457 1.4 Incom Income Is recognls•d when tho charlry hès entldement to the fund5, any performance condttlons attached ta the Irn(SI of Incorne have been mei It Is probabl• that the Income wlll be recefved, and the amount can be measured rellably. Donatyons re<oKnlsed when r¢celved. Income from govemm•nt or other grants, whether "caplral" grnnt5 or "revenue" grants Is reto8n15ed when the charity has entirltment to the fund$, any performance condSon$ arfached to the grants have been rnet. it Is probable that the income wlll be recehed, and the amount (an be m¢a5ured rellably Ind 15 not deferred. Income re¢¢ivable for the provlsl¢n pf educatlon. houslng or suppomd Imng serrftes are recorded In the Statern•nt ol FlnancSal Artlvltles In the year In whlch these 5etv4ces are provbded. Investment in<ome is accounred for wh•n receryable. 1.5 Expendl¢urn Expendl¢ure 15 recogni5ed on an accruals basis as a Ilablllty 1$ inturred. Expenditure Includes any VAT whlth cannot be fully retovered and 15 report•d as part of the ¢xpendiuJre to which relates. Costs of raisin¥ lunds comprlse those tosts assoclated with atcrncting voluntary income and the tQSt5 for lundraising purpose$ from tharity events. Charitable eKpendlture Comprises those ¢95t5 incurred by the chariy in the delivery of Its attlvltSes and serceS for sts beneficlarie5. It InrludE5 both costs that can be allocated dlreuly w such attlvltles and those ¢o$t5 of an indirett nature necessary EO 5UPPOrt them. Governance costs inclvde those c05t5 a5SOCi2ted wlth m¢e¢ing the conttl¢utyonal and statutory requlrements of the charity and include the audlt fees and costs linked to rhe Stra1¢ managemenc ol the charity. All Costs arè ltated between the expenditure categorie$ of the SOFA on a basi5 designed to refie<t the use of the resource. Cost5 relating to a partl¢ular artivity are allocated directly.
ocusvJn Env8lop8 ID.. ECSA4BC4-E1FF43A1-B489-5B5971BDBCD3 THE LANGDON FOUNDATION (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOK THE YEAR ENDED 31 DECEMBER 2023 1.6 Tan¥Sble Ilxed assets and depre¢latlon Freehold land and buildlng are recorded at Yaludilon. Other tangible ffixed assets are stated ac cost less depreuation. Depreciation 15 provided at rates calculated to wrlre off the yue less ert(mated residual valu4 of each asset over Its expected useful life as follows.. Freehold land and bulldlngs are not dgprgclated Computer egulpmenc Fixture5. fitun8s & equipment Motor vehlcles 33% Straight Ilne 25% strrighr Ilne 25% StshI Ilne I slngle Stems wSth a vlue le$$ tn £ 1,000 have not been eapltalised. The pollcy with re5P•tt to irnpaSrmen¢ reewS of Axtd assets is that these a5seu are inspected regularty for any ImpaSrment and any defert rèmedled $0 as to malntaln current 1.7 IMutmenti Th• Charity holds no Inve5tmeThu. 1.8 Debto Trdde and other debtors are recolSe attht settleméntamount due afttr4ny trade dlscouTh¢ offered and PrO$10n for bad and doub¢ful debt5. Prepayments ire vlu•d at the ampuni prepald net of any dlscounu due. 1.9 C•ih at bank and In Iwid Cash at bank and cash hand kncludes cash and shorr-term hlghty Ilquld Invesrmenu wlth a short maturlty of thr•• months or le55 from ¢he date of acqu151uon or openlng of the dep051t or slmllar accounL l. l O Credltors ind provoOni Creditors and provlslon5 ar• reco8nised vthere the Chariry has a present obligacion re5ultlng frorn a past event that will probably result In the transler of funds to a thlrd parry and the amount due ¢0 s¢tde the obli8adon can be rne15ured or estlmated reliably. Credltors and prov151ons are nomlY recognlsed at thelr $ettJemeThc amount after allowing for any discounts due. 1.1 l Flnanclal Inrtrum•nts The Charlry has flnan¢lal assets and Ilabillt$ that quallfy as basic flnan¢lal Instruments. Baslc flnancial instruments are InltSally recognlsed at transaOn value and sub5oquendy m¢asur¢d at thelr settlemenc value wlth the exeeptkTh of bank loan$ whlth ire subsequendy rnea5ured at amortlsed c05t uslng the effectlve Inter•st rnethod. 1.12 Critical accountlng ludgementa and key sources of ertlmat5on uncertalnty In the appllcation of th• group's accounting poli<ie5 described above. the Tru5teES are requlred to make ludgmenrs. estlmates and assump0$ Jout the carrying amounrs of assets and liabilities that are not readily apparent from other sources. These estimates, ludgements and assumptlons are made based on a combination of past experrience. Profession expert advice and other ¢vidence that is relevant to the partlcular clrcumstance. In thg crusrees, opiThion. rhe estSmate with the 8reatest impatL un the financi statements relate5 to the revaluation of properyies. Propertl95 are revajued to market value after f2king prole5sionl adwce and taking account of current market eondltlons. 14
Do519) Envtlopè ID.. EC5A48c4E1FF4l-B485B69T1BDBcD3 THE LANGDON FOUNDATION (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 1.13 Penslons The Group operates sever41 dlfferent pension scherne& The Langdon Foundation. Langdon Cornmunlty and Langdon Houslng all operate defined ¢ontributiort scherne5. L3ngdon College also operare5 a defined benefit 5Eheme. Fpr defined-contrlbudon 8cheme5, the amount tharged to the SOFA In rewct of pension costs and other post- retirement benefts Is the contribution pay2ble IN the year. Any difference beNeen the charge to the SOFA and the contrlbutions pardble to the Scheme is shown 35 èn asset or a Ilabi11ty In the Balance Sheec. The defined benefit schemes are multi4mployer schemes and It 15 not P055ible to iderttfrfy the Charty's share pf the undedying a5$¢ts and liabl11e$ of che Mul-emploYer scheme. Partlclpatlon In such sch?mes Is accounted for as If they were defined contrlbutlon schtmes. 1.14 Operatln¥ l•u•# Rentals payable under operating leases are charged aDlnst income on a stralght-llne basis over the lease perlod. 1.1 S Fund accountln8 The Langdon Foundatyon mlnfaln5 varlou5 types of funds u follows transfers are rnade where necess li pern)ltted by the nature of the funds.. UnresErlcLed fvnds are avallable for use at the dlscretlon of the Trustees In lurthtrance ot the general oblecrlvqs of the charity. Restricied funds repr¢s¢nt Income received whlch Is allocated by the donortp 3 5p•cific prol•cL The restrlctlons ar¢ binding on the Trustees of ihe charity. De$igna¢ed fund5 repre5enr funds whlch are unrestrlcted. bvr the Trustees fvave designat•d them for a speclflc purptssè to further the oblectlves of the charlty. Ther• are tuendY no de$lgnared funds. Lez•l tat ofthe Charlty The Charl¢y Is con$tlLUted as a Company limited by guarantet and ha5 no share cap1t. In the event of the charlty being wound up. the liabi11ty sn respe¢r of the guarantee Is Ilmlted to £ l O per member of che charity. DonatSons Unreitrl¢t*d fvndi ReJtrle¢ fundi Total funds Toral fund5 2023 2D23 2023 2022 Donations 543 020 772 926 1.371.840 Donations relatln8 to unrestricted lunds In the prior period were £1.095.706 and restrlrted funth £276,134.
Dg Env8lop8 ID.. ECSA4Bc4&1FF43A1-B48SB5971BDB¢D3 THE LANGDON FOUNDATION (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 Charitabl• actlvltles Unrestrfct¢d Restrlcted fund$ funds 2023 2023 Totsl funds 2023 funds 2022 Provision of housing, educadon and supported living arrangements 8,099.165 ,223.979 7,466,608 Prlor perlod Income from charltable actlvltles relarlng to unrestrlcted funds wal £7.349,515 and res¢rlcted funds £117.093. Invertment Income 2023 2022 Interest receivable An41ysls of ¢xp•rbdltur• CNt of Educatlon ralslnl and fvnds Itud*nt r•¢t•atlon Supported Ilvln arrgementS Tot•1 2023 2022 Staff c05tS Dlrect fundralsln8 CWtI Other direct Costs Governance costs (note 71 30S,397 28,335 92,582 1,235,775 .057,971 6.S99.144 28.335 3,676,074 97,740 5.901,610 59,152 3,154,937 42.460 645,196 8,068 2.938.296 89,678 426315 1889 039 8085 945 10 401299 9,258.160 Prlor parlod expendlture was £9.258.160 of whlch £8,657.743 was unrestricted and £600.417 was resttted. Analyih of p¥•rnan¢e cogts 2023 2022 Governance costs compri5es'. Le8al and professlonal fees Audit fees Bank charges and Interest 18,466 70,779 8.501 8,234 26,864 7.362 97.746 42,460 Governance costs include payments ¢0 the auditor5 In respect of aud1¢ fees amountin8 to: Group - £70.77912021. £?6,8641 Including Charity £36.86012022., CI 0,0601.
Envow ID.. EC5A4BC4-E1FF43A1.8489-5B5971BDBC03 THE LANGDON FOUNDATION (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 Costs of Langdon merger Unrestrlcted Restrlrted funds fund5 2013 2023 Total funds 1023 Total funds 2022 sharon merger Costs 254.151 254,ISI Net Incom• l (exptndlture) for the year Th15 15 stated after chargln 2023 2022 Depr¢¢lation Autdltor'5 remunerntlon Inrtresr payable Operating lease co$u 68.141 70.779 307.438 1.120,007 204.507 26,864 154,804 961,971 10 Analyils ol stff coit•, tru•tee remun•rntlon expenM4 And the cost of key M&sement penonnel 2023 2022 Wages and salari Soclal secumty Cost5 PensloTr cosrs 5,899.842 5.216,232 489,378 480,938 209.924 204,440 6.Sg9.144 S,901,610 The number of ¢mploy•e5 havln¥ ben¢ftts In exe£$5 of £60,0 or more wer•: 2023 Numb•r 2022 Number £60,000 10 170.000 £70,000 w £80,000 £80,000 co £90,000 100.000 to £1 10,000 120.000 to £130,000 The key management personnel of the Charity comprise the Chlef Executwe and the Finance DireEtor. The total amounts of employee benefits received £121030 12022.. £200,894). None of the Trustees of The Langdon Foundation lor any person5 connected with them) re¢eiYed any rernuneration ring the period or in 2022. Trustee5 were reimbursed £nil lor expense$ (2022.. £nill during the year. 17
Docljsign Envelope ID.. Ec5A4BElFF43A1-81B&58S9718DBcD3 THE LANGDON FOUNDATION (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 I I Staff Numbers The averaF monthly head Count of employee$ during the yor was as follow5= 2023 NuMr 2022 Number Charitable atelvltles Fundraising Governance Admlnlstratlc 187 21 115 222 12 Penjion •nd other pwt.retlr•m•nt b•n•fft commltm•nti Th¢ Group operates a number of dilferent pension $cheme5. The Langdon Foundation, Langdon Communlty arbd LanKiJort Houslng operate defined-conrriburion Schemes. Langdon ColleKe operate5 both a defined-confrlbutlon and a defined.benefit scheme. Defined-b¢nefir scheme5, whlch are classlfied as mulJ.employer 5chernes. where the parric}panE employer is unable to fjdtnfy thelr Share of ihe assets or liabllities. may be accouThted for as if they were defined-con1rlbu0n Schemes. A5 a re$ulL the company's contributlons payable in the a¢coundn8 perlod are the amounts charyed In the financlal statem•nts. T•Khers' P•nslon The Colly partklpate$ in the Teachers, Penslon Schem• I'the TPS'I for it5 tta¢hlTrg staff. The pen$lon charge for the year 5neludes contrlbutlon5 payable to the TPS of 189.275 12022.. £81,851) and at the year-end £11,789 12022- £10,858) was accrued In respect of contribuiions to this 5Eheme. The Texhers, Pension Scheme ITPSI Is a statutory. <on(rlbutory. dtfined b¢nent scheme, xovemed by the Teathers, Penslon Scheme Regulatlon$ 2014. Member5hlp Is automatlc lor a¢herS In academy trusu. All teachers have the Op¢Th to opt-out ol the TPS followlng enrolment. 61 The TPS Is in unlunded scheme to whl¢h both the member and ernployer makns contrlbutlon5, a$ a percentage o15alary - theje Contr5butsn$ are credlted ¢0 the Exchequer. Redrement and other penslon benefit5 are pald by publlc funds provlded by ParflamenL The Gov•rnment Artuary, u51n¥ ttorm a¢tuarlal prlndpl•s, c¢nducts a k*rmal acwarfal review of the TPS In accordance ¢he Public Servlce Pen51on$ (valuaOn$ and Employer Cost Capl Direction5 2014 publlshed by HM Treasury every 4 years. The alm of the review 15 to ensure scheme cost5 are recognised and rnanaged approprlately and the revlew $pgcifie5 the level of future contriburivns. Acwarial $Che valuatyons are dependeni on assumption5 abtsu¢ the value of furure c05t5. design of b¢nelSt5 and many other lactors. The latest actuarlal vdlua0n of the TPS was carrled oui as af 31 March 2020. The voluation report wa5 pub115hed by the Department for Educatlon on 27 October 2023, with the SCAPE rate. Set by HMT, applylng a notlonal Investm•nt return based on 1.7% above the rate of CPI. The key element5 of the valuatlpn our¢ome are.. Employ•r ¢ontrlbutlon rates 58¢ at 28.68% of penjionablg pay (Includln8 a 0.08% admlnlstratlon lewy). Thi5 15 an increase 015% in ernOyer contributlon5 and the cost control result 1$ such that no change in member benefits is needed. Total Scheme liabilities (pension$ currentty in paymenr and the estimat8d cost of future benefir51 for service to the effettNe date of £262,000 mlllion and notionl assets le5tymated future concribution5 together with the noty¢)nal investrnents held at the valuation date) tsf £222.200 million. glving a notion Past 5eryice defi¢lt pl £39.800 million ThE re$ult of this wBluatson will be implemented from l April 2024. A copy of the valuatlon report and supportlng documentauon Is on the Teaehers. Perb$ions web51te. 18
0illn Envekye ID.. EC5A4BC4-E1FF43A1-B489-585971BDBCD3 THE LANGDON FOUNDATION (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEM8ER 2023 Under the definityons $Et out In FRS 102. th¢ TPS is an unfunded mulu<rnployer pension scherne. The academy trust is unable to Identlfy Its share of the undedylng assets Ilabllitles of the plan. AcCordiny. the academy Irust has taken advantage of the exemption in FRS 102 and has accounted lor its contrlbutions to the scheme as if it were a defined contribution scheme. The academy trust has set out above. the informadon available pn the sch¢rne. Until the 2010 valuadon Is compkted It 1$ not Possible to conclude on any financi impa¢f or future change5 to the contribution rtes of the TPS. AccordlnWy. no prov5slon for anyaijdltlonal past benefit penslon tosts is included In these financlal $ternents. Dellnad - contrlbudon scheme The Group contribu¢ES toward5 the Langdon Group Schemes run by Nest and Aegon whith are defined contributlon schemes. The assets of the 5chernes are held $eparatqly Irom those ol the Group in ind¢pendently administerEd funds. The penslon cosi charge repres¢nt5 contributions payabl¢ by the charity ta the funds. Contribuvons payable during the year were £120,75912022.. £122,589.) 13 R•lAt•d party tr•niactl•ni At the year end. Laftgdon Houslng had t ¢redr(or ol £105.27412022.. £56,83S) du¢ to The Lanxdon Founda¢. Durlng the year. Langdon Housing was charged rent of £359,21212022: £339.686) by The Langdon Foundadon and the year-end balance relates t¢ these rental5. At the y•ar end, LaTrgdon Colle8e had a credltor pf £211.1 $712022.- £22,798) to Tho Langdon Foundatlon. Durt the year, The Langdon Foundation charged Langdon College rent gf £9,W) 12012.. 112.8041 and recharges of £11.617 P022.. £16.4861 for shared ¢vJts. Lan8don College asso r•c¢ived donatSons that were Inlt)ally recalved by Lan8don Founthtbn. At the year •nd. The L•Trgdon Foundadon had a creditor of £1.372,126 (2022.. £1,250,6S6) due to the LanEdon Communiry. During the year. Langdon Communlty was charged £S,7(MI 12022.. £5.7001 as rent by The Langdon FoundaOn. At rhe year end. LaTrgd0n Comrnunlty was du• £46,869 frorn {2021. £31.167 owed to) LaThgdon Hou51n& At the year end. Langdon Colley had a credltor 01 £3.749 due to Langdon Housin8 {2022.. £150 debtor). Trust¢E5 ware relmbursed £nll for exp¢niu12022 £nil) during the year. 14 Corporatlon tax A5 a charlty, Langdon Foundailtsn exernpt Irom UK tax on incorne and galns to the ¢xthnt that these are applled to Its charlrable objects. No UK tax tharges have or15en in the Charlty, durfng the year or the prevl¢us year. 19
DoGU5ign Envew ID". EC5A4BC¢E1FF43A1-B4856s97l5DBcD8 THE LANGDON FOUNDATION (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 310ECEMBER 2023 IS Tanglble Ilx•d agset$ Group Land and Buildlngs Leasehold impn>vements Computer Flxture5 Equipment & Fittlng5 Motor Vehiel•s Total Cost: As at l January Addition5 DIsp05als Revaluation 10,837,382 283,404 {780.(0) 219.194 60.C¢)I 250.569 16,865 314,492 19,484 108.082 11.570.526 319,752 (7BO,OCQI 19,194 Asat31 Decemb•r 2023 10.121.592 00.001 267,434 333.975 108,082 10.891.084 Depraclatlon: As at l January Charge for year RevaluatiC+n adjustment 60.001 200.255 32,057 279.343 25,233 87.034 10,851 626,633 68,141 Asat31 D•cemb*r 2023 60,001 232,J12 304.576 97,885 094.774 Net book value Asat31 D•cember 1023 10,121,S92 35.12J 29,399 10,197 10,196.310 As at 31 December 2022 10.837,382 50.314 35,ISO 21.048 10,943,894 Chwlty Land and Bulldlny Cornputer Equlpment Flxtur•# & Flttlngi Cost As at I january Addldons Disposals Revaluatlon 10,837.382 283,404 1780,0Tr)I 219.194 146,005 8,710 184,476 11,167.863 292,114 (780,0ts) 19,194 As at 31 D•¢ember 2023 10,121,592 IS4,715 104,476 10.460.782 Depre¢latlon: A5 at l January Charge for year Revaluation adjustment Ai •t 31 Decernb•r 2023 121,358 20.704 161,285 I B,704 282.643 39,408 142.061 179,990 322,051 Net book valu• As at 31 December 2023 10,121.592 12,654 4,486 10.130,731 A5 at 31 December 2022 10.837,382 24,647 23.191 10,885,220 All assets are used for charitable purposes. Properties haye been valued by the trustees a5 at 31 December 2022 and 31 Decernber 2023. based on a loan valuatioTr undertaken bylLL In early 2022. The value of £10.121.592 (historical tost £7,436,036) consists of Freehold Properties U,482,923 (histors ¢ost £5,220,985) and Long Leasehold PropErtie$ £2.638,669 Ihi5torical cost 12,215.0511. 20
Docusign Envehy ID.. ECSA4BC4EIFF43A1-B489-5B5971BDBCD3 THE LANGDON FOUNDATION (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 16 Debto Group Charlty 2023 2023 2022 2022 Trdde debtor5 Arnounts owed by grtsup uNdertalang5 Other debtors Prepayments and accrued income 612,221 444,514 105,274 116.553 79,482 125.558 143.507 205.468 465.905 195,223 503,274 1.2B3.594 275,092 350,147 17 Credltors: Amounts falllng du• wlthin one year Group 1023 Charlty 2013 2022 2022 Trade credltor5 Taxe5 and social se<urly costs Other cr¢ditors ACCruS Delei'i'ed Inc(#))e Amounts owed to group underrakln 8ank loans 338.794 587.910 780,774 239,803 156,956 2S4,382 396.822 55,060 144,279 160,001 97.788 118.919 481,495 49,897 141.557 1.382.083 72,431 27.143 7.554 24.746 160,001 1.264.416 4,000.000 4,thJO,O( 2.200.248 5,010,544 2,377.749 5,55&290 Deferred in¢ome represents parental coniribution5 recelved toTr*Ards the cost of houslng provlslon of pur memb•rs and trust 8rydnt5. Group Charlty Balancè as at I january 2023 Amount recelved In ¢ht year Amount released ro income from charl¢able act6vltle5 Balance as at 31 December 2023 160.IJOI 160,001 l B.444 141 557 141 $57 Amounts falllni aft•r mtsrn than one y•ar Group 2023 Charlty 2023 2022 2022 Bank loan5 3 869 922 3 069 922 3.869.922 3.869,922 The bank loan Is secured on the majorlty ol the Foundadon'5 propertie5. Inter¢s¢ Is at the bank rydte +2S%. 21
Oocusvw Envelop810.. ECSA46C4-E1FF4M1-84SBS9I1BDBCD3 THE LANGDON FOUNDATION (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 18 Analy% of charltable fid$ Balanco a£atl January 2023 Income Expenditur• Transfer bteween funds Funds as at Decomb•r 2023 Lanzdon Foundatlon Property Development Fund Staff Celebration Volunteer manager 451,501 1283,404) 168,097 451 501 283.404 108097 Langdon Communlty Brady Club EmploymentlSoElal Enrerprlsi Ambassadors Manchescer Activities Mlnl Bus Infection Control Funds 239,J34 (203.658) 765 4Z083 147,060 122,6841 1114,457) 17651 110,544> 1171.0551 171,055 87.678 35.$64 25.020 5,772 15.772) 224 707 148.449 5.772 112699 L•nidoTr Collogo Brothertpn R•al Estate Karten ESFA Bursiry E5FA cOd Funds ESFA Penslon Grant EFA Capltal Programme Securiry Grartc Chariry Aid Foundation ESFA Tuition Fund lJ70 {1.370) 1,881 {IM81) 29,944 30,351 54,595 5,199 129.9H) PO.992) 154.595) 13,969) 8,043 120.794 51,710 61.149 1,230 130013 Group 546,874 354,720 1269,2431 1289,1761 343.175 22
t)ocusKJn Env8lopb ID.. ECSA4Bl$F43A1-84BSB59T1BDBcD3 THE LANGDON FOUNDATION (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 ed funds- Balance asatl January 1022 Income Expendltuv• Trnsfer betWOon funds Fund$ at December 2022 LaTh8don Foundatlon Property Development Fund Staff Celebrndon Volunteer m•kger 685.905 785 6,2SO 691940 1234.4041 451,501 17851 6.250 7.03S 234.404 451,501 Lan¥don Communlty Bra Club EmploymentlSxlal Enterpr15Q Ambassadors Manthe5ter ArtIViS Minl Bu¥ Inlectlpn Control Funds 80.2 46.700 197.939 191.304) 1330.496) 11,069) 130,833) 35,676 132,557 1.834 765 7.fy)0 23,833 5,7n 35.055 122.941 S,772 39.459 74.514 528.216 156.390 42,213 Langdon College Brotherton Real Estate Karten ESFA Bursary ESFA Covld Fund5 ESFA P¢nsSon Gftnt EFA Capltal Programme ESFA TUlOn Fund 1,370 1.370 24.495 1,388 Q7.2101 {1.388) 1113 126,670) 2.71S 26.670 39.678 38.687 126.575) 51,790 7.785 65.166 40.057 102.129 23,860 53,160 Group 855,938 393,227 16th).4171 1101,874) S46.874 23
Docusign Envelope ID-. EC5A4BC4-E1FF48A1.B489-5B5971BDBCD3 THE LANGDON FOUNDATION (A COMPANY LIMITED B Y GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 OECEMBER 2023 The Langdon Foundatlon Property Development Fund 15 to refurblsh Langdon-owned prop¢rtSes to modern standard Volunteer rnanager are funds from the National Lottery and an Individu donor ro support the recrultment of a volunteer manager. Wohl fund$ supported a research project carried out for Lanon Foundarion and tsvo other charities. Langdon Commun5ty Brady Club offers soclal ¥1¢[8$ to younger peopbe with learnlng dth¢ulii¢$ in Etyare. Employm¢nt & SOCI Enterprlse aids and trains people wlth learnlng dbfficultye5 to find eMplOent Thls Include5 New Ch2Pter5 which offers a safe working enrOnmen1 Eo gain work experfence. Ambassadors Manchest¢r was created to Se£ iht Mndraislng activities ol the parend 8roup And Is earniarked for specific purposes. Supported Llvlng Manchester Is our maln op¢ratlon In Manchester and helps brid8e the gap left by shortfalls In Government funding. Mlnl Bus funds were ra15ed to purchase and 5UPPOrt a new Mlnl Bus- the mlnSbus was purchamd In 2020 ACvIlle$ are addltlonal members actSvitles, often arranged in the evenlngs and weekends. Occupatlonal Therdpl$c Is to fund the employment o( an occupational theraplsr ¢0 iupport our members. Staff Tralnlng- a donation was received to support tralnln8 of ¢are staff. Infectlon Control- funds were recelved from Lo¢•1 Authorltles to 511PPOrt add1t10n costs Incurred in rnlatlon to the Covld-19 paThdemlc. L•n8don Colleg• EFSA item5 are for sp¢cSfi¢ purp05eJ as noted. 8roTherron Real Estate is tow¥ds the cgst of creatin8 a rnuslc room for stud•nts. Clty 8rid8e Trust funds are towards the ¢o$c of therapy for 5tud•nu durlng the Covld-19 PdemIC. Norman LasW Mernorlal CT fvnds the garden prol•ct. Transfers are made from general funds to rtstrlc¢¢d fvnds to make up the shortlall beiwe¢n expendlture Incurred on and donatiofi$ received for those actlvlcles. Restrlcted funds created by donatkns recefved by the Foundatlon for actiwve5 vndertken by other group en•5 have beeTr shown under tho group mernber that ultimately applies the •xpendltur¢ In accordance whh the restrlcuon. 24
Docuslgn Env91ope ID. ÉC5A4BCE1FF4l.B4B5971BD8CDS THE LANGDON FOUNDATION (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 Group Balance asat I January 2023 Income Exp•nditur• Tran$f¢r be¢ween funds Funds as at December 2023 UnrestrScted fundi Gener fund Prapery revaluatSon lund Total unrestricted funds 2.441,167 8,642.303 4.677,167 7 118 334 8.642,303 110.386,204 219,194 10,6Q5,401 1.069.176 780,LIJO 289,176 ,766,497 3 677,914 5444411 Group Balanc• Income expenditure Transf•r between fund Fundi u •t January 2022 D¢¢ember 2012 Unrestr5¢ted fijnds Gener fund Property revaluation fund Total unr•5trltted fvnds 2,551,63S 3.992,488 6.544.123 8.445.401 684,679 9.130.080 18,6S7,743) IOIM74 2,441.167 4,677,167 7.118,334 &657,743 101,874 25
Docusion Envdope ID.. EC5A4BCE1FF43A1-8489-5859FlBD8¢D3 THE LANGDON FOUNDATION (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 19 Analy919 of net assets between funds Group Unr•strlcted funds R05trlcted funds Totsl Fund ban£t$ at 31 De¢ernber 2023 are represented br. Tan&ble frxed as5et5 Currenr assets CrndkEors- less than ¢>ne year Credltors- more than one year 10.196.310 1.318,271 11200.2481 3,869.922 5.444.41 10,196.310 1.661,446 (2.200.248) 3 869 922 5.787.586 343,175 343 175 Charlty Unrn•trlrt•d funds R•rtrlct•d funds Total Fund balance5 at 31 DeEember 2023 are repr•sented by.. Tan'ble flxed a5se¢s Current assets Crediiors- less than one year Credittsrs- more than one year 10.138.n8 206.303 2.377.749) 3,869,922 4.097.360 10,138,728 374,400 (2.377,749) 3 869.922 4 265 457 168,097 168 097 Analyjls of n•t iMts between funds- provloui year Group Unrestrlcted fundi Restricted funds To¢Jl Fund balances at 31 Decembor 2022 are represented br. Tangible fixed asset5 Current assets Credltor5- less than one year 10,943,895 1.184,983 5,010.544 7,118.335 10,943,895 1.731,857 5.010,544 7,665.209 546,874 546.874 Charlty Unreitrlctsd funds ReJtritt•d funds Totsl Fund banCeS at 310ecember 2022 are represent8d br. TanglNe fixed assets Current assets Creditors- le$$ than one year 10.885.220 161.7391 5.556.290 5.267,190 10,885.220 389.762 5.556,290 5.718,692 451,501 451.501 26
Do¢usvJn Envelope ID.. ECS446CE1FF43A1-B48¥5B59718DBCD3 THE LANGDON FOUNDATION (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 20 Cornmitments under op•r•¢lnll leases Group Land and Bulldlng$ 2023 2022 Total ol fijture mlnlmurn lease pyrnents under non-nCelIable operatlng leases are.. Expiry date.. No Liter than one year Later than one year and not larer than flve years Later than five years 482,ISI 544,578 531.914 277.304 Charlty Llnd and BuSldln85 2023 2022 Total of future rnlnlmurn lease payffienc under non-can¢ell?ble operatlng Ita5e5 are.. No larer than one year Latèr than one year and not later than five years Latsr than ffv• y•ars 37.008 88,819 37.008 21 RKon¢lllAtlon of n•t mtsvoment ITh fvndi to hèt u•h flow from op•r•tln8 aCtlvltl•s 2023 2022 Net movemen¢ In fund5 L05sIIGainl revaluauon ol property Add back depreciation charge Deduct interest In£omq shown in Invesng actlvltl•s Fixed Asset disposls Derrea5elllncreasel in debtori {Decreaselllncrease in ¢redltors (1.877.562) 219.194 68,140 {118) 265.147 (684.6791 204,S06 (140,583) ,059.624 121.9n 243.155 Net ush (used In)1 provlded by opertSn8 aEt5TAtle (671.J07) 149.921 22 Post Balance Sheet •v•nts On 31 August 2024. Langdon Foun&tion tran51erred tts staff. assets and Ilabllitie5 (with the exceptlon of iu properry and bank loan) and 5ubstanttally all of it5 operatlng activltles to Ki5haronLan8don. 27