2024-08-31-accounts - Langdon Housing

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Charity Registration No. 1142743

Company Registration No. 07623246 (England and Wales)

LANGDON HOUSING

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

FOR THE EIGHT MONTH PERIOD 1 JANUARY 2024 TO 31 AUGUST 2024

LANGDON HOUSING (A COMPANY LIMITED BY GUARANTEE) LEGAL AND ADMINISTRATIVE INFORMATION

Trustees	Mr Paul Joseph (resigned 5 July 2024)
	Mr G Cohen (resigned 12 May 2025)
	Mr S B Fruhman
	Mr J Tobin (resigned 30 April 2025)
	Mr N Doffman (appointed 27 September 2024)
Chief Executive	Mr R Franklin (from 1 August 2023)
Company Secretary	Mr B Shine (resigned 12 February 2024)
	Mr P Darnell (appointed 12 February 2024)
Charity number:
	1142743 (England and Wales)
Company number	07623246 (England and Wales)
Principal address	333 Edgware Road
	Floor 3
	London
	NW9 6TD
Registered Office	333 Edgware Road
	Floor 3
	London
	NW9 6TD
Auditors	Cohen Arnold
	New Burlington House
	1075 Finchley Road
	London
	NW11 0PU
Bankers	Lloyds TSB
	7thFloor
	40 Spring Gardens
	Manchester
	M2 1EN

LANGDON HOUSING (A COMPANY LIMITED BY GUARANTEE) CONTENTS

	Page
Trustees’ Annual Report	1-3
Independent auditor’s report	4-6
Statement of financial activities	7
Balance sheet	8
Statement of cashflows	9
Notes to the accounts	10-17

LANGDON HOUSING

(A COMPANY LIMITED BY GUARANTEE)

TRUSTEES’ ANNUAL REPORT

FOR THE PERIOD ENDED 31 AUGUST 2024

Charity information

The Trustees present their annual report and the financial statements for the period ended 31 August 2024.

The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with Langdon Housing’s Memorandum and Articles of Association, the Charities Act 2011, Companies Act 2006 and the Charities SORP (FRS102).

Reference and administrative details

Langdon Housing is a registered charity (No. 1142743) and a company limited by guarantee and not having share capital (No. 7623246). The registered office is as shown on the legal and administrative information page.

The Trustees at the date of this report, are as follows:

Mr G Cohen (resigned 12 May 2025) Mr B Fruhman Mr J Tobin (resigned 30 April 2025) Mr N Doffman

The current Trustees have the power to remove and appoint Trustees. The minimum number of Trustees is 2 and the maximum number is 5.

The Management Team of the Charity is:

Mr R Franklin Chief Executive Mrs H Sowa Director of Operations Mr P Darnell Director of Corporate Services

Structure, governance and management

Langdon Housing was incorporated and established Memorandum and Articles of Association on 5th May 2011. The Articles were replaced by new Articles on 16 June 2015.

The Board of Trustees is responsible for the overall governance of Langdon Housing as a charity. Trustees are co-opted by the existing Board of Trustees or nominated by the Trustees of The Langdon Foundation. Individual Trustees are appointed for a renewable period of three years and may remain as Trustees for up to nine years unless removed in accordance with the provisions set out in the Articles. There are no individual subscriptions or other sums payable by Members.

On 1 August 2023, Langdon Foundation (the sole member of Langdon Housing) merged with Kisharon to form the KisharonLangdon Group.

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

Current Developments

As at 31 August 2024, the operations (staff, assets and liabilities) of Langdon Housing were transferred through TUPE to KisharonLangdon, the core operating charity of the KisharonLangdon Group. It is the intention to close Langdon Housing in the near future.

Objectives, activities, achievements and performance

The objectives of the Charity are the relief of individuals with special educational needs or mental illness and other associated difficulties by the provision of accommodation and related services and (save for purposes incidental and ancillary to those objects), no other purposes. The Charity shall be established in accordance with the tenets of the Jewish religion.

LANGDON HOUSING (A COMPANY LIMITED BY GUARANTEE) TRUSTEES’ ANNUAL REPORT

FOR THE PERIOD ENDED 31 AUGUST 2024

The Langdon Housing mission statement is:

“Our mission is to provide and develop quality affordable housing opportunities for individuals, groups and families, promoting self-reliance and working in partnership within the Langdon Group of Charities to support the wider organisational mission to flourish”.

This period’s principal activities, objectives and achievements were:

Successfully working with Langdon Community to meet the need for additional properties in all operational areas. All properties sourced in the correct location and set up for tenants to move into.
Continued successful relationships with the Housing Benefit officers in all boroughs to ensure Housing Benefit applications are expedited and the correct and appropriate Housing Benefit award is obtained.
Implemented improvements of certain properties thanks to funds secured from Trusts by the Langdon Foundation
Additional properties were provided for individuals either through the Langdon Group or third-party rentals.

Financial review, management policies and results for the period

The Statement of Financial Activities (SoFA), set out on page 8, shows that Langdon Housing had income of £1,290,455 (2023: £1,784,798) of which £1,389,678 (2023: £1,933,126) was paid out on expenses, leaving a deficit of £99,223 (2023: £148,328).

Langdon operates its housing service to high standards. Langdon houses Members in a mix of owned properties (1/3) and rented properties (2/3) but continues its strategy of trying to accumulate as many owned properties as is feasible. However, the company does operate in a challenging environment of rising property prices, a lack of supply of quality properties to purchase and an increasing burden of raising funds for purchases. The properties sit within Langdon Foundation and are rented to Langdon Housing at market value.

Principal sources of funding

Social Security receipts in the form of Housing Benefit constitute the majority of the Charity’s income. Other funds are raised by the KisharonLangdon group who organise fundraising events and co-ordinate the activities of our supporters in the wider community on behalf of the group of charities. We do not use professional fundraisers or involve commercial participators. There have been no complaints about fundraising activity this year.

Reserves

As noted above, on 31 August 2024 the operations of Langdon Housing (including staff, assets and liabilities) were transferred to KisharonLangdon.

Connected charities

Langdon Housing is part of the KisharonLangdon Group.

Public benefit

The Trustees have complied with their duty in Section 17 of the Charities Act 2011 to have due regard to the guidance published by the Charity Commission. The benefit to the public is manifestly demonstrated by the achievements contained in this report, all of which seeks to extend and improve the care of young people whose life chances, aspirations and contributions to society will be enhanced as a result.

Disclosure of information to auditors

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

LANGDON HOUSING (A COMPANY LIMITED BY GUARANTEE) TRUSTEES’ ANNUAL REPORT

FOR THE PERIOD ENDED 31 AUGUST 2024

Trustees’ responsibilities in relation to the financial statements

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

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

select suitable accounting policies and then apply them consistently;
observe the methods and principles in the Charities SORP (Statement of Recommended Practice);
make judgements and estimates that are reasonable and prudent;
state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.

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

This report has been prepared in accordance with the special provisions of the Companies Act 2006 relating to small companies.

On behalf of the board of Trustees

…………………………………..

Mr N Doffman

Trustee

LANGDON HOUSING (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT AUDITORS’ REPORT

TO THE MEMBERS OF LANGDON HOUSING

Independent Auditor’s Report to the Members of Langdon Housing

Opinion

We have audited the financial statements of Langdon Housing (‘the charitable company’) for the year ended 31 August 2024 which comprise the Statement of Financial Activities, Balance Sheet, Cash Flow Statement and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

give a true and fair view of the state of the charitable company’s affairs as at 31 August 2024 and of the its income and expenditure, for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

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

Conclusions relating to going concern

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

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

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

Other information

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

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

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

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

the information given in the trustees’ report, which includes the directors’ report prepared for the purposes of company law, for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the directors’ report included within the trustees’ report have been prepared in accordance with applicable legal requirements.
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LANGDON HOUSING (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT AUDITORS’ REPORT

TO THE MEMBERS OF LANGDON HOUSING

Matters on which we are required to report by exception

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

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

adequate and proper accounting records have not been kept; or
the financial statements are not in agreement with the accounting records and returns; or
certain disclosures of trustees' remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit; or
the trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies’ exemptions in preparing the trustees’ directors’ report and from the requirement to prepare a strategic report.

Responsibilities of trustees

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

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

Auditor’s responsibilities for the audit of the financial statements

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

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

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

We obtained an understanding of the legal and regulatory frameworks within which the charitable company operates, focusing on those laws and regulations that have a direct effect on the determination of material amounts and disclosures in the financial statements. The laws and regulations we considered in this context were the Companies Act 2006, the Charities Act 2011 together with the Charities SORP (FRS 102). We assessed the required compliance with these laws and regulations as part of our audit procedures on the related financial statement items.

LANGDON HOUSING (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT AUDITORS’ REPORT TO THE MEMBERS OF LANGDON HOUSING

In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which might be fundamental to the charitable company’s ability to operate or to avoid a material penalty. We also considered the opportunities and incentives that may exist within the charitable company for fraud. The laws and regulations we considered in this context for the UK operations were General Data Protection Regulation (GDPR), employment legislation, tax legislation, and health and safety legislation.

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

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

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

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

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, the further removed non-compliance with laws and regulations (irregularities) is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it. In addition, as with any audit, there remained a higher risk of nondetection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations.

Use of our report

This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

David Goldberg

Senior Statutory Auditor For and on behalf of Cohen Arnold Statutory Auditor

New Burlington House 1075 Finchley Road London NW11 0PU

LANGDON HOUSING (A COMPANY LIMITED BY GUARANTEE)

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE PERIOD ENDED 31 AUGUST 2024

Note Income from: Donations 3 Charitable activities 4 Total income Expenditure on: Charitable activities: Provision of housing and living arrangements 5 Total expenditure Net expenditure Transfers between funds Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward	Unrestricted funds Restricted funds Total funds 2024 Total funds 2023 £ £ £ £ - - - - 1,290,455 - 1,290,455 1,784,798
	1,290,455 - 1,290,455 1,784,798
	1,389,678 - 1,389,678 1,933,126
	1,389,678 - 1,389,678 1,933,126
	(99,223) - (99,223) (148,328) - - - -
	(99,223) - (99,223) (148,328) 98,056 - 98,056 246,384
	(1,167) - (1,167) 98,056

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

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

LANGDON HOUSING Company registration number: 07623246 (England and Wales) (A COMPANY LIMITED BY GUARANTEE) BALANCE SHEET

AS AT 31 AUGUST 2024

Note Fixed Assets 13 Current assets: Debtors 14 Cash at bank and in hand Total Current assets Liabilities: Creditors: Amounts falling due within one year 15 Net current assets Total net (liabilities)/assets The funds of the Charity: Restricted funds Unrestricted funds 16 Total funds 17	2024 £ 19,420 450,066 14,088 464,154 (484,741) (20,587) (1,167) - (1,167) (1,167)	2023 £ 25,894 256,989 91,465
		348,454
		(276,292)
		72,162
		98,056
		- 98,056
		98,056

The financial statements have been prepared in accordance with the special provisions of the Companies Act relating to small companies.

The notes at pages 10 to 17 form part of these accounts.

Mr N Doffman

Trustee

Approved by the trustees and authorised for issue

LANGDON HOUSING

(A COMPANY LIMITED BY GUARANTEE) STATEMENT OF CASH FLOWS

FOR THE PEIOD ENDED 31 AUGUST 2024

Note Cash flows from operating activities: Net cash generated from/(used in) operating activities 19 Cash flows from investing activities: Purchase of tangible fixed assets Net cash (used in) investing activities Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period Cash and cash equivalents at the end of the reporting period	2024 2023 £ £ (76,390) 13,179
	(987) (17,105) (987) (17,105)
	(77,377) (3,926)
	91,465 95,391
	14,088 91,465

LANGDON HOUSING (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE PERIOD ENDED 31 AUGUST 2024

1 Accounting Policies

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

1.1 Basis of preparation

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

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

1.2 Preparation of the accounts on a going concern basis

The accounts have been prepared on a going concern basis and the trustees believe there to be no material uncertainties about the Charity’s ability to continue as a going concern. If necessary, Langdon Foundation will provide support and a letter of support covering the period to 31 August 2024 is provided by KisharonLangdon.

1.3 Income

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

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

Rental and other income connected to the provision of accommodation to beneficiaries is recognised in the year in which accommodation is provided.

1.4 Expenditure

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

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries.

Governance costs include those costs associated with meeting the constitutional and statutory requirements of the Charity and include the audit fees and costs linked to the strategic management of the charity.

All costs are allocated to the one charitable activity.

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LANGDON HOUSING (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE PERIOD ENDED 31 AUGUST 2024

Accounting Policies (Continued)

1.5 Tangible fixed assets and depreciation

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

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

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

1.6 Debtors

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

1.7 Cash at bank and in hand

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

1.8 Creditors and provisions

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

1.9 Financial instruments

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

1.10 Pensions

For defined-contribution schemes, the amount charged to the SoFA in respect of pension costs and other postretirement benefits is the contributions payable in the period. Any difference between the charge to the SoFA and the contributions payable to the scheme is shown as an asset or a liability in the balance sheet.

1.11 Operating leases

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

1.12 Fund accounting

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

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NOTES TO THE ACCOUNTS FOR THE PERIOD ENDED 31 AUGUST 2024

LANGDON HOUSING (A COMPANY LIMITED BY GUARANTEE)

2 Legal status of the Charity

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

3 Income from donations

Donations 4 Income from charitable activities Provision of housing and living arrangements Housing benefit and other rent receivable Recharged expenses to residents All income from charitable activities was unrestricted. 5 Analysis of expenditure Provision of housing and living arrangements Staff costs Rent Repairs and maintenance Expenses recharged to residents Other direct costs Depreciation Governance costs (see note 6)			2024 2023 £ £ - -
			- -
			2024 2023 £ £ 1,176,460 113,995 1,651,633 133,165 1,290,455 1,784,798 2024 2023 £ £ 103,307 148,345 823,314 1,226,371 180,820 221,443 151,573 164,057 135,691 151,787 7,460 11,062 (12,487) 10,061 1,389,678 1,933,126

Expenditure on charitable activities was unrestricted for 2024 and 2023.

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LANGDON HOUSING (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE PERIOD ENDED 31 AUGUST 2024

6 Analysis of governance costs

The Charity initially identifies the costs of its support functions. It then identifies those costs which relate to the governance function. Having identified its governance costs, the remaining support costs together with the governance costs are all allocated against the one charitable activity. Some support costs, finance and human resources, are managed and funded directly by The Langdon Foundation.

Other governance costs comprise: Auditor’s remuneration Other costs	2024 2023 £ £ (13,033) 8,333 546 1,728
	(12,487) 10,061

7 Net expenditure for the year

This is stated after charging:

	2024	2023
	£	£
Depreciation	7,460	11,062
Auditor’s remuneration	(13,033)	8,333
Operating lease rentals	823,314	1,226,371

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

Wages and salaries Social security costs Pension	2024 2023 £ £ 93,388 134,669 8,184 11,082 1,735 2,594
	103,307 148,345

No employees had employee benefits in excess of £60,000.

The key management personnel of the Charity comprise the senior management team as detailed on page 1 of the trustees’ report.

As explained in the Trustee’s Report, the remuneration of some management personnel is through other Group entities.

None of the Trustees (or any persons connected with them) received any remuneration during the year and none of them were reimbursed for expenses during the year.

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LANGDON HOUSING (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE PERIOD ENDED 31 AUGUST 2024

9 Staff Numbers

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

The average monthly head count of employees during the year was as follows:
Provision of housing and living arrangements Total	2024 2023 Number Number 4 5
	4 5

10 Pension and other post-retirement benefit commitments

The Charity contributes towards the Langdon Group Scheme run by Nest which is a defined contribution scheme. The assets of the scheme are held separately from those of the Charity in an independently administered fund. The pension cost charge represents contributions payable by the charity to the fund.

	2024	2023
	£	£
Contributions payable by the company for the year	1,735	2,594

The expense has been allocated to unrestricted expenditure on the same basis as wages and salaries.

11 Related party transactions

The Charity is connected to The Langdon Foundation (registered charity number: 1142742, registered company number: 7621714), Langdon Community (registered charity number: 1086393, registered company number: 4055338) and Langdon College (registered charity number: 1088936, registered company number: 4104466), all of which are incorporated charitable companies registered in England and Wales that do not have share capital and are limited by guarantee.

At the year end, the charitable company had a debtor of £254,670 due to (2023: creditor of £105,274 due from) The Langdon Foundation. During the year, Langdon Housing was charged building lease rentals of £207,444 (2023: £332,635) from The Langdon Foundation and the balance at 31[st] August 2024 relates to these rentals.

At the year end, the charitable company had a creditor of £309,246 due to (2023: £46,869) Langdon Community and a debtor of £3,749 (2023: £3,749) due from Langdon College.

The ultimate controlling party of Langdon Housing for the accounting period was The Langdon Foundation, a charitable company (charity number 1142742, company number 7621714) in whose accounts the results have been consolidated.

12 Corporation tax

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

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LANGDON HOUSING

(A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS

FOR THE PERIOD ENDED 31 AUGUST 2024

13	Tangible fixed assets
		Fixtures, fittings	Motor vehicles	Total
		& equipment
		£	£	£
	Cost:
	As at 1 January 2024	42,122	25,024	67,146
	Additions	987	-	987
	As at 31 August 2024	43,109	25,024	68,133
	Depreciation:
	As at 1 January 2024	22,180	19,072	41,252
	Charge for year	4,287	3,174	7,461
	As at 31 August 2024	26,467	22,246	48,713
	Net book value
	As 31 August 2024	16,642	2,778	19,420
	As 31 December 2023	19,942	5,952	25,894
14	Debtors
			2024	2023
			£	£
	Trade debtors		139,286	187,455
	Other debtors		46,347	45,441
	Prepayments and accrued income		6,013	20,344
	Amounts owed by group undertakings		258,420	3,749
			450,066	256,989
15	Creditors: amounts falling due within one year
			2024	2023
			£	£
	Trade creditors		159,423	88,298
	Amounts owed to group undertakings		309,246	152,143
	Taxation and social security costs		3,590	2,803
	Other creditors		5,784	8,537
	Accruals and deferred income		6,698	24,511
			484,741	276,292

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LANGDON HOUSING (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE PERIOD ENDED 31 AUGUST 2024

16 Analysis of charitable funds

Analysis of movements in unrestricted funds

	Balance as	Income	Expenditure	Funds as at
	at 1 January			31 August
	2024			2024
	£	£	£	£
Unrestricted funds	98,056	1,290,455	(1,389,678)	(1,167)
Analysis of movements in unrestricted funds – prior year
	Balance as at	Income	Expenditure	Funds as at 31
	1 January			December
	2023			2023
	£	£	£	£
Unrestricted funds	246,384	1,784,798	(1,933,126)	98,056

17 Analysis of net assets between funds

Fund balances at 31 August 2024 are represented by: Tangible Fixed Assets Current assets Creditors of less than one year Analysis of net assets between funds – prior year Fund balances at 31 December 2023 are represented by: Tangible Fixed Assets Current assets Creditors of less than one year	Unrestricted funds Restricted funds Total £ £ £ 19,420 - 19,420 464,154 - 464,154 (484,741) - (484,741)
	(1,167) - (1,167)
	Unrestricted funds £ Restricted funds £ Total £ 25,894 - 25,894 348,454 - 348,454 (276,292) - (276,292)
	98,056 - 98,056

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LANGDON HOUSING (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE PERIOD ENDED 31 AUGUST 2024

18 Commitments under operating leases

	Land and Buildings	Land and Buildings
The future minimum payments under non-cancellable operating leases are:
	2024	2023
	£	£
Expiry date:
No later than one year	244,864	305,053
Later than one year and no later than five years	111,900	437,184
	356,764	742,237
Reconciliation of net movement in funds to net cash flow from operating	activities
	2024	2023
	£	£
Net movement in funds	(99,223)	(148,328)
Add back depreciation charge	7,461	11,061
(Increase)/Decrease in debtors	(193,077)	6,895
Increase in creditors	208,449	143,551
Net cash (used in) operating activities	(76,390)	13,179

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

20 Post Balance Sheet event

As noted above, on 31 August 2024 the operations of Langdon Housing (including staff, assets and liabilities) were transferred to KisharonLangdon. The parent company of Langdon Housing is The Langdon Foundation. Its ultimate holding company is KisharonLangdon Group.

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