Docusign Envelope ID." 01FD947545AF488tY84DC-249AB4DDF
Registered number.. 12511631
Charity numb&r.' 1193233
LANGLEY FAMILY FOUNDATION
(A company limited by guarantee)
UNAUDITED
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED30 SEPTEMBER 2024

Docusign Envelope ID." 01FD947545AF488tY84DC-249AB4DDF
LANGLEY FAMILY FOUNDATION
IA company Ilmited by guarantse)
CONTENTS
R$f&rence and admlnlstratlvo detalls of the company* Its Trustees and advlsers
Trustees. report
Tru8tees' responslbllltlè6 8tat•ment
Independent 8xamlngrfs report
stst8m8nt of flnanclal actlvltles
8alanc? 8he•t
Nots8 to thè Iln8nclal statemgnts
9-17

Docusign Envelope ID." 01FD947545AF488tY84DC-249AB4DDF
LANGLEY FAMILY FOUNDATION
IA company limlted by guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY. ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
Trustees
P Sandilands, Trustee
S Cohen, Trustee
Company reglstered
number
12511631
Charlty reglstertd
numbgr
1193233
Reglstered offlc&
Island Sludios
22 St. PeleTS Square
London
W6 9NW
Accountants
Bllck Rolhenberg Llmiled
Chartered Accounlanls
16 Greal Queen Slreel
Covent G8rdgn
London
WC2B SAH
Bankers
Natwesl
1 Granby Slraet
Lelcasler
LE16EJ
Caz8nove Capltsl
1 London Wall Place
London
EC2Y SAU
Page 1

Docusign Envelope ID." 01FD947545AF488tY84DC-249AB4DDF
LANGLEY FAPdllLY FOUNDATION
IA company limlled by guarantee)
TRUSTEES. REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2024
The Iruslees present their annual report logelh8r wllh the financial stat8mènts of tho company for the 1 October
2023 10 30 Seplembei 2024. The annual report serves the purpos8s of both a trustees, rep)rt and a directors.
report under company18w. The trustees confim) Ih8t th8 annu81 rgport and financlal s18lements of the charllabl
company comply with Ihe Current statutory requirements, the requlremants of Ihe charitable compan￿$
gov8rnlng documènt and the provisions of the Slalem8llt of Recommended Practice ISORPI appllcable lo
charlliès prèparlllg thgir accounts In accordance wth the Flnanaal Reporting Standard applicabl6 In the UK and
Republic of Ireland IFRS102) leffecllve 1 January 2019).
Slnc8 the company qualSfies as small under s8ctton 382 of th8 Compani8s Act 2006. the slraleglc report requlred
of medlum and larga comp8nle8 under the Companlos Act 2006 Islraleglc Report and Dlrectors, Raporti
Regulallons 2013 has been omlllèd.
ObJectSvos and actlvltles
Pollclas and object1￿$
The Foundallons oblectlves are reslrictgd to promollng or catyng out such chathable purposes 88 the Iruslèes
In Ihelr absolute d18¢retlon from Ilme lo Ilme Ihlnk fil.
In selllng oblectfve8 and planning for acilviiles. tho truste88 have gfvan due considerallon to general guldanc8
published by the Charfty Commlsslon relallng to publlc benefft, indudlThJ the guldanca 'Publlc beneflt.. iunnlng a
charlly IP821'.
b. Grant-maklng pollcl•8
The Iuslees wlll Identify, al Ihebr discrellcffl, reglslered charit￿$ or other voluntary organl8allons undertaklng
chaillable acllvilles that align with tho purposes and oblectlves of tha Foundallon and generally conlorm lo
Foundallon crlleri8, conduct due dlligence and In￿le granl appllBalions. Such offers wlll be made 8s and when
tho Trus1998 Sdenlify suitable projects.
A¢hlevement6 and porformanc•
•. Revlew of actlvltles
The Langley Famlly Foundalon, has continued to make good progress Into its founding objecllves. During the
y88r, the Foundallon has granted £35,000 12023.. £25,000) 10 Body and Soul, an organisallon whlch 8sslsl8
children. teenagers and familles living wllh. or closely affected by childhood trauma. No addllion81 grAnls have
been commlted al the year end.
Flnancloj revlew
a. Golng Eoncern
After making appropriate enquiries, the trustees have a reasonable expoct8tion that the company adequate
resources lo continue in operation81 exlslencg for the foreseeable future. For Ihls reason. they conllnue lo adopt
the going ¢x)ncem basis in preparlng the financial slalernents. Futhor detalls regaTdlng the adopllon of the going
concarn basls can be found in the ac(x)unting FX)liclos.
Page 2

Docusign Envelope ID." 01FD947545AF488tY84DC-249AB4DDF
LANGLEY FAMILY FOUNDATION
{A company Ilmited by yuaranteel
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 30 SEPTEMBER 2024
b. Rp$orves pollcy
As al 30 S8plemb8r 2024, the reserves of the Founéalion amount lo £672.76612023: £542,512). The tustg8S
have established a policy whereby free r8serves held by the charity should be malntaln8d al sufficlenl lev81s lo
maintsln the charitls operallons in the event of shorl lerrn lundlng flu¢luations or unforeseon costs. Al the year
end the FoL¢ndatlon's Iree r68eN8s are £172.766 (2023.. £45,512)-
c. Flnanclal rtsk management obJ8Ctlv8s and pollcles
Th8 directors have revlewed the rlsks lo whlch 8 sm811 charlty is 8xposed to. Approprlale proceduros are in place
to Identify, monllor and review th858 risks on a regular basis.
d. Summary
The Slalemenl of financl81 aclivilles yel OLrt on page 7 of the flnanciBI stalèmanls shows how the ch8rftls
Incornlng resouicas have been expended the year endeij 30 S6pl8mber 2024.
Tho Foundallon received donallons and Glft Ald conlribullons loialllng £167.65412023.. £62,500), and made total
grants of £35.000 12023.. £25,000>, along with incurrlng governance costs lotalllng £2,400 (2023.. £2,400). Thls
r08ulled In a not Income for the current financkil year of £130,25412023= £35.1001.
Th8 Balance sheet 861 out on page 8 01 tha finand31 slalemants shows the financlal posI￿On of tho charSly al 30
September 2024.
Flxed assets are made up of a £500,000 indlrecl Investment In Llfschutz Davldson Sandlland8 Holdlngs-UK
Llmlled. Tho shares were gifted lo the charlty from the Iruslees in 2021.
Current ass81s of £175.16612023'. £44.7921 Is represented by cash al bank of £171.666 12023: £33,292), and
other debtors m8de up of gift ald recoverab￿ l01811ing £4,00012023.. £11,500).
Current Ilabllllles of £2,40012023.' £2,280) Is represented by accruals.
The resulllng nel 8sset8 al 30 Sgpl8mber 2024 amount to £672.76612023: £542.512). Th18 Is represented by
unreslricl8d funds.
structure. gov•mancg and managgment
Constttutlon
Langley Famlly Foundallon Is rBgistered as a charitable company Ilmit8d by guarantee and was set up by 8 Twsl
deed.
b. Methods of appolntmont or electlon of ¢wstees
The board of the compary Is th8 responsibl1￿ of the trustees who are 918Cted and C￿0p￿d und8r the terms of
the TTUSI deed.
The trustees. that sorveij In Ihe year were:
S Cohen
P Sandllan(is
Page 3

Docusign Envelope ID." 01FD947545AF488tY84DC-249AB4DDF
LANGLEY FAMILY FOUNDATION
IA cumpany Ilmited by guaranto01
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 30 SEPTEMBER 2024
structure, goveFnanc• and managèmènt {continued)
Organlsatlonal structuro and dtrcl$lonvmaking poll¢los
The buslness of the company shall be Fnanaged by th8 board who may exercise 811 the pow8rs of th8 charlly and
do on behalf of the company. The t)oard meet iègularfy lo monllor the actThiltles of the company. A decision of
Iruslees can b8 taken when all eligible trustees indicate lo each olh8r by any means that they sharo a Common
vlew on a matter provided that the elvJible Iruslaes taking such a decislon would hava formed a quorum had a
rneellng of lh8 Iruslees been hakl.
d. PollcSes adopted for the Inductlon and tralnlng of tru$t••s
Truste88 ar8 encouraged10 8ttend appropdate extgrnal Irainlng events where these will f8cllStale tha undertaklng
of Iholr role.
Related party rolatlonshSp$
Durlng the year the one of th8 trustee5. P Sandllands donated to the charlly a lolal of £106,00012023.' £30,000).
As al the year gnd Ihe Foundallon was owed ENIL (2023.. £NILI by P Sandllands. Thera are no formal term8 and
condlllons of repayment.
Durfng the year th8 Foundallor* rec8lved £35,00012023'. £25,000) from 1 Paradlse G8rd8ns Llmlled. a cornp8ny
lolnlly controlled by a Irusle8. As al the year end Ihg Found811on was owed £NIL 12023.. £NILI by 1 Paradlsa
Gaid8n8 Llmlled.
l. Flnanclal rl$k management
The Iruslaas have assessed the mglor rlsks to whlch the company Is expo88d, Sn partlcul8r those related to th6
operatlons and finances of tha company, and aye satisfied that systems and procedur&s are In placè lo mlllgala
axposure lo the major rlsks.
Plans for future perlods
The Found8llon wtll conllnue lo support charities and org8nl88tlons th8t allgn wlth It8 own purposes and
oblectlves.
M8mbgrs' Ilablllty
The members of the company guarantee lo contribute an amotjnl nol exceeding £10 to th8 a888t8 of the
company in th8 event of winding up.
Small ¢ompanles exempllon
In PTepaiing Ihls report. the trustees hav8 tak8n advantage of Ihe small companles 8X8mpllons provlded by
sedion 415A of the Companies Act 2006.
Approved by ord r of the members of tho boanl of trustees and signéd on their behalf b￿.
P Sandllands
Trustee
Date..
zs 06.zs
Page 4

Docusign Envelope ID." 01FD947545AF488tWDC-249AB4DDF
LANGLEY FAMILY FOUNDATION
IA company Ilmlted by guarantee)
STATEMENT OF TRUSTEES. RESPONSIBILrriES
FOR THE YEAR ENDED 30 SEPTEMBER 2024
The trustees {who are also the directors of the Gompany for thè Pufposes of cornp8ny lawl are responsible for
pr8P8rlng th8 trusl8es' report and the firsanci81 slalemenls In accordance wlh applicable law and United
Klngdom Accounting Standards (Unrted Kingdom Generally Accepted Accounting Pradce}.
Company law raqulres the Irustses lo pr6paTe fhandal statements for each flnancbal perlod. Under company
law, the trustees musl not approva the financlal slalemenls unl8ss they ar8 sal55fied that they give 8 true and faSr
vlew ol the 8181& of affairs ol the company and of Its incomlno resources and 8ppllcalion of resourc8s. Includlng
118 income and 8xpendilure. for that perlcrfj. In preparing thes8 flnandal slalemen15, th8 trusteès are required lo..
s8le¢l suitable accounllng pollde8 and Ihen apply them consislenlty,
obseNe the methods and princ(pl6s of the Chaillttis SORP {FRS 1021..
make ludg8ments and accountlng eslimales that 8r8 reasonable and prudonl:
818te whether applicable UK Accounllng Standards IFRS 1021 h8ve been followed. sublecl lo any malerlBI
departuras dlsclosed 8nd explalned in the financial statomenls..
preparo the financlal statements on the golng concem basls unless It18 Inappropr18te to presume th81 tha
company will conllnue in buslnes8.
The trustees are rgsponslble for keeplng Bdequalo o￿n￿ng rec(Kds that ara sufficlenl ¢0 show and explaln the
companls Irans8cllons and dlscloso with r8asonable accuracy 8t any lime the financial posltlon of the company
and enabl8 IhBm to ensure that the linanclal $181ements comply with Ihe Compani68 Act 2006. They 8ro also
responslble for 8afegu8rding the assets of tha company and hénce for taklng Tgasonable stops for the prevenllon
and del8cllon of fraud and olhgr Irregularit￿.
Page 5

Docusign Envelope ID." 01FD947545AF488tY84DC-249AB4DDF
LANGLEY FAMILY FOUNDATION
(A company Ilmlted by guarant••l
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 30 SEPTEMBER2024
Independent Examlnerfs Rgport to the Trustees of Langley Famlly Foundauon I'the cornpany?
I report to the charlty trustees on my examination of th6 accounts of the company for the yaar ended 30
September 2024.
Re8ponslbllltlos and Basls of Report
As the trust888 of the company (and Its dlrectors for Ihe purposes of company lawl you are r8spon$lble for the
preparauon ol the accounts In accordance wlth th8 requiremants of the Compani88 Act 2006 Ilhg 2006 Act'l.
Having sallslled mysolf that the accounts of th8 company are not required to be audlled under Part 16 of the
2006 Act and are ￿l￿1ble for Independent oxamlnation. I report In respect of my examinallon of the companys
accounts carried out under section 145 01 the Charities Act 2011 I'lhe 2011 Act'l. In carrylng out my examlnallon
I have folbwe(I the DlreclKsns glven by the Charfty Comm18slon under secth)n 14515)Ibl of the 2011 Act.
Indgpendont Examlnerf$ Stat•ment
I hav8 completed my examlnallon. I conftrm Ih81 no matters have come to my att8nlk•n In connecllon wllh the
examinallon glvlng me cause to bellev8'.
accounllng record8 were not kepl In respect of the company 88 requlred by seclkjn 386 of the 2006 Act,.
or
the accounls do not accord with those records" or
the accounts do not comply wSlh Ihe 8ccounllng requlr8ments of secllon 396 of Ihe 2006 Act other than
any r8quirgm8nl that the accounts give a 'lrue and f8irf vl8w which Is not 8 mott&r consld8rad as part of
an Independent examlnalk)n'. or
tho 8ccoun15 have not been PTepaTed In 8ccordance wth the melhods and prlnclplos of th8 Slalemenl of
Recomm8nded PraGlice for accounting and reportlng by charilles appllcable lo charttSes preparing Ihelr
accounts In occoréance wllh Ihe Flnanc4al Rgporting St8ndaTd oppllcable In the UK and Republlc of
Irèland (FRS 102).
I have concerns and h8V8 come acTOSS no other matters in connection wllh the examination lo whlch
attention should be diawn in th18 report in order lo enable a proper underslarmllng ol the accounts lo be reached.
This report Is made solely lo the company's Iruslees. as a body, in accordanco ￿th Part 4 of the Chari1185
IAccounl8 and Reports) Regulations 2008. My work has been undertaken so that I might slate lo the compBnls
Iru81ees those matters l arn required to slate lo them In 8n Independonl examlnerfs rèport an¢J for no other
purpose. To the fullest extent permltted by18w, I do not accept or assume r8sponsibillty lo anyone other than the
company and the companls Iwstees as a body. for my work OT foT this report.
Slgned..
Marc Levy FCA
Dated.. 30-Jun-25 1 15:45 BST
The Institute of Chartered A￿)untants in England and Wel8S
Bllck Rothonberg LSmlled
Chartered Accountants
16 Great Queen Street
Covenl Garden
London
WC2B SAH
Page 6

Docusign Envelope ID." 01FD947545AF488tWDC-249AB4DDF
LANGLEY FAMILY FOUNDATION
(A company limlted by guarantee)
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNTI
FOR THE YEAR ENDED 30 SEPTEMBER 2024
Unre5trlcted
fund6
2024
Total
fund5
2024
Total
funds
2023
Note
Income from:
Donations and leoaaes
167.654
167,654
62.500
Total Incomo
167,654
167.654
62,500
Expondlturè on:
CharSlabl& a¢tlvlll88
37.400
37.400
27,400
Total oxpendlturo
37,400
37.400
27,400
Not mov•mont In funds
130.254
130.254
35,100
Reconclllatlon of lunds:
Total funds brought fO￿ard
Net movement In funds
542,512
130.254
542,512
130,254
507,412
35,100
Total funds Carr1￿ forward
672,766
672,766
542,512
The Stalgmonl of Flnanclal AC￿￿11$8 Include8 all gakn8 8nd1098e8 recognL¥8d In the year.
The notes on pag88 9 to 17 fom) part of th888 In8nc481 statements.
Page 7

Docusign Envelope ID." 01FD947545AF488tY84DC-249AB4DDF
LANGLEY FAMILY FOUNDATION
IA company Ilmit8d by guarantee)
REGISTERED NUMBER- 12511631
BALANCE SHEET
AS AT 30 SEPTEMBER 2024
2024
2023
Nots
Flxed assets
Inv8slm8n18
Currènl assets
500.000
500,000
Debtors
Cash al bank and in hand
10
4.000
171,166
11.500
33.292
175,166
44.792
Current Ilabllltl
Credllors.. amounts falling due wllhln one
year
11
12.4001
12.2801
Net curront as88ts
172,766
42.512
Total a889ts le•• curront Ilabllltl•s
672,766
542,512
Total not a680tB
672.766
542,512
Charlty funds
Unraslricled lund8
12
672.766
542,512
Total funds
672,766
542.512
The company was 8ntliled to exempllon from audit undgr seciion 477 of th8 Companlgs Act 2006.
Th8 members h8ve not raqulred the ￿mPanY lo obtsin an audll for Ihe year In question In accordancg wlth
sectlon 476 of Companies Act 2006.
The Iru81ees acknowlgdge their r8spon8lbllllies for cOMp￿r￿d wth the wuiremenls of the Act wllh r88pecl lo
accounllng records and preparation of ftnancial statements.
The financial statements have been prepared In accordance wth the provi8k)ns appllcablo lo entKies subject to
the small companles regime.
The flnanclal slalemenls were approved and aulhorised for issue by the Irustaes and slgnod on Ihelr b8h8lf b￿.
P Sandllands
Trustee
Dato=
.c(2S
Th8 notes on pages 9 10 17 foim part of these financlal statements.
Page 8

Docusign Envelope ID." 01FD947545AF488tY84DC-249AB4DDF
LANGLEY FAMILY FOUNDATION
IA company Ilmbted by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER2024
General Informatlon
Langley Famlly Foundallon Is a company limited by gLtaranlee incorporated in England and INales. Thè
addiess of Sls reglstered offle* is Island Sludtos. 22 St. Petets Square, London, W6 gNW.
In the avenl that th@ company is wound up, oach member of the company commlts to conlrlbule an
amount of £10.
The flnancial Statements are presented In Sleding l£}-
Accountlng pollclgs
2.1 Basls of preparatlon of flnanclal statements
The financlal stalem8nts have been prepared In accord8nc8 wllh thg Ch8rltl88 SORP IFRS 1021-
Accounllng and Reporting by Ch8ritles'. Slalemenl of Recommended Pracllce applS¢able lo chari118S
preparlng thelr accounts in accordanc8 wllh the Flnancial Rèportlng Stsndard applicable In the UK
and Republic of Ireland IFRS 1021 leff8cllve 1 January 20191, the Fin8nclal Repo￿ng Standard
appllc8bl8 Sn the UK and Republlc of Iwland IFRS 1021 and Ihe Compan68s Act 2006.
Langley Famlly FoundBllon meets Ihe d8finilk)n of a public benefit enllly under FRS 102. Assels and
Ilabilllles are InllSally recognlsed al hlslorfcal cost or Iransactlon value unloss otherwise staled In tho
ro18vanl accounllng pollcy.
2.2 Golng concern
After maklng enqulrles, the Irusl888 hava 8 reasonabie exp8ctsllon that the chadly has adequ819
T6sources lo conllnue In operallonal exlslence and meet Ils Ilabilllles as Ihey fall due for tha
foreseeable future. belng a POTkyJ of al leasl fvJelv8 months from Ihg d819 these financlal slalemenls
were approved. Accordingly, they conllnue lo adopt the golng concern bas18 In Preparing the fln8nclal
51al8m8nts.
2.3 Income
All Income Is reoognised orKg the company has entitlement to the Income, 51 Is probab18 that the
Income will be fecelved and th8 amount of Incomè r8c8lvable can b8 measufed rollably.
Granls are Included In the stslement of finandal ac17v¢lles on 8 reCe￿ab￿ basls, The balance of
income recelved for speGific purposes but not expended durfng the period Ss shown In the relevant
funds on the balance sheet. Where income is recewed In advance of enlillement of recelpl, 515
recognition Is deferred a¥Ki included In creditors as deferred Income. Where enb'llernenl occurs
befor8 Income Is raceived. tho Income Is accrued.
In￿me tsx recover8blg in relatlon to donallons rece￿ad under Glft or deeds of covenant Is
recognlsed 81 th8 Ilme of the donatlon.
Page 9

Docusign Envelope ID." 01FD947545AF488tY84DC-249AB4DDF
LANGLEY FAMILY FOUNDATION
IA company Ilmltèd by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
Accountlng pollcles (contlnued)
2.4 Expendlturn
Exp8nditure is rècognlsed once Ih8re is a18gal or constructive obligation lo transfer economlc benefit
10 4 Ihlrd party, 1118 Probable that a transfer of economic benefits will be requlred in 88lllemenl and
the amount of the obligalK)n can be Measured reliably. E¥pendlliJr8 is dassified by acllvlly. Thè ¢0818
of each aclivlly are made up of the total of direct costs and sharod costs. IncludSng support cog1$
involved In undertaking each 8divily. Direct costs allribulable to a slngle adivily are allocalad dlr8cIIy
lo that activity. Shared costs which contllbule to more than on8 aciivity and support costs whlch ar8
not 81tr1bulable lo a single activily 8r8 apportloned b8iween Ihos8 actlvll￿S on a basis ¢ons1818nl with
the use of r8sources. Central staff costs are allocated on the basis of Ilme sp8nl, Bntj depraciallon
charges allocated on the portion of the asset's use.
Expenditure on charitable activttles is incurred on diwlly undertoklng th& aGUvlties whlch fvrther tha
companys oblecllves, as w911 as any assock2tad support CA)sIs.
Grants payable are charged in Ihe year when the offer is mad8 except In Ihose cases where th@ offar
Is condlllonBI, such grants belng recognised as expenditure when tho condlllons attachlng are
fulfllled. Grants offered subject lo condllions whlch have not been mel 81 th8 year end are noted as
commllmenl, bul not accrued as expgndiiure.
All fjxpendllure Is Indu8lve ol Irrecoverable VAT.
2.5 Investm•nt8
Flx8d asset investments 8re a form of financlgl instrument and are Inlilalty recognl¥od at Ih8lr
Iransaollon cost and subsequently measured al falr value al the balance Sheet dale, unless the value
cannot be measured rellably In whlch case 51 Is measured at C081 less impalrmonl. Investment galns
and losses, wh8lher realised or unrealised, are comblned and pr8s8nled as 'GainsllLoss8sl on
Inveslmenls. In the stslemenl of flnancial acltville8.
2.6 Cash
Cash Indudes cosh and short-18mi hlghly IN4uld inveslments wllh 8 3hort maturfty of thre& months or
1858 from the dale of acqulsilion or opening of the dep￿t or similar accLsunl.
2.7 Flnanclol Instruments
Th8 company has elected lo apply Sectlons 11 and 12 of FRS 102 in resp8Ct of flnancial Instruments.
Fln8nclal assets and finandal Iiabllil￿S are recognised when the company becomes paty lo th8
contractual provisions of the In81rument.
Financial Ilabllities and equity Inslrumenls a￿ classified according lo thé sub5tanco of the contractual
arrangements entered into. An equity instrumgnl is any contract thal evldences a reskfual interosl In
the assols of the company after deducbng all of its liBbllllles.
Th8 companys pollcles for Its mBJor classes of financlal assets and financt81 Ilabililies ar8 sel out
bèlow.
Page 10

Docusign Envelope ID." 01FD947545AF488tWDC-249AB4DDF
LANGLEY FAMILY FOUNDATION
IA cornpany Ilmlted by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
Accountlng policlos {condnu8d)
Flnan¢lal Instrumènts Icontlnued}
Flnanclal 8ssot8
Baslc finand81 assets, Indudlng other debtors, cash and bank balances are Initially recognbsed at
transaction prlce, unless the arrangem8nl conslilutes a flnanclng transactlon. where the Iransocllon
Is measured al tho present value of the futur8 rèc81pls dlscounled at a market rate of Inlarost for a
8imllaT debl instrum8nl. Financing transactions are those in which payment Is deferred beyond
normal bu8ingss terms ¢y is flnanced al a 18le of Interest Ihalls nol 8 mark81 ral8.
Such assets are subsequanlly carilo(l at amorbse(I cost using the effocllve Intergsl ral8 method. less
any Impairment.
FlrsancLql Ilabllitl89
Baslc flnanc181 Ilabilltl8s, Includlng other credltors are Inltlally rewgnised at Ir8rssacllon price. unlo89
the arrangement const41ules a finanung Iransactlon. where Ihe d8bl Instrumenl Is measured Bl th8
present value of the futur8 payments discounlgd al a m8rkel rale ol Intsrest for a slm11ar debt
instrumenl. Flnanung trans8clions are those In whlch payment Is deferfed beyond nomial buslness
lorrns or is linanced al a rale of Interest that Is not a market r818.
Debt Instrumen18 ar8 subsequenlty carrtod al amortlsed cost. uslng Ihg 8ffectlve Inl8resl rate method.
Impalrment of flnanclal assets
Flnanclal 88sels measured 81 cost and 8mortlsed cost are 8SSossed at the end of each reportlng
period lor obj8cllve evSdence of Impairnient. If objecllve 8vldenco of Impalrnignl Is found. an
impalmienl loss Is recognSsed in the Profit and loss account.
For finanGlal aB8ets measured at ￿)St less tmp8imionl, tho Impalmient Ios8 18 m&a5ured 8$ the
dlfference b8tsYe8n the asset's carrwng amounl and Ihe best 8stlrnate of the amount the company
would receive for the asso1 if it wer8 lo be sold al the reportlng dato.
For financial a8S8ts measured at amortlsed cost. Impalrmenl Ios8 Is me8svred 8S the dlfference
belween th8 asset's carrwng 8mounl and the present value of 8sllmaled cash flows dlscounled 81 the
asset's orlglnal eff8Ctlve interest rate. If tho financlal asset has a varfable Inlere81 r818, the discount
rato for measurlng any impaiment loss Is the current effectNe Interest ral8 delemined unéer tho
contract.
11 there Is a decrease in the impalmenl loss adslng from an event OCCUfrlng after th81mpalmienl was
recognls8d, the SmpBirmenl Is revers8d. The reversal is such that the Cufrerst carrylng amount doe8
not exceed what Ihe Carr￿ng amount would h8V8 been had the impalrment not previously been
recogni5ed. The Impalrmenl reversal is recognised In profil or h)ss.
Page 11

Docusign Envelope ID." 01FD947545AF488tY84DC-249AB4DDF
LANGLEY FAMILY FOUNDATION
{A company Ilmited by guaranteè)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
Accounting pollcles (contlnued)
Flnan¢lal Instrumènts (contlnuedl
D•r8¢ognltlon of flnanclal assets and flnanclal Ilabllltlgs
Flnanclal assets are derecognlsed wh6n 181 th8 conlraclu81 rlghls lo the cash flows from the ass81
xpire or are sellled, or {bl subslan11811y all Iho risks and r8wards of the owngrship of the 4ssel aro
transferred lo another p8rty or Icl despite havlng retalned som& signlficanl risks and rewards of
ownershlp, control of the assel has been Iransf8Tred lo anolhor party who h8s the practical ability ID
unllale1811y sell the asset to an unrelated Ihlrd paty wilhoul Imposing addillon81 restricllons.
Flnanclal Ilabili118s are derecognL8ed when the li8blllty 13 exllngulsh8d, that Is when the contractual
obllgatlon Is dlscharged. c8nc8lled or expires.
Offsèttlng of flnanclal a¥set8 and flnancl41 IlabSlltl•s
Fln8nc181 assels and Ilabllllles are offset and the nel amount report8d In the balance sheet when
Ihere15 an enforceablo rlghl lo s61 off the recognls8d amounts and there Is an inl8ntlon lo settle on a
nel ba51s or lo Yealis8 the asset and seltle the Ilabitity 81mullan8ousty.
2.8 Fund aceountlng
Gener81 funds are unrestricted funds whlch are availabl8 for us& al th8 dlscrelion of the Iruslges In
furtherance of the general objedv8s af the company and which hav8 not been dg5lgnal8d for other
purposes.
Incomg from donatlon8 and 1•gacl•s
Unrestrlctod
funds
2024
Total
funds
2024
Total
funds
2023
Donallons
167,654
167,654
fj2,500
Total 2023
62.500
62,500
Page 12

Docusign Envelope ID." 01FD947545AF488tWDC-249AB4DDF
LANGLEY FAMILY FOUNDATION
IA Gompany Ilmltad by guaranteol
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENOED 30 SEPTEMBER 2024
Analys13 of grants
Grants to
In$titutions
2024
Total
funds
2024
Total
funds
2023
Grants
35,000
35,000
25,000
Total 2023
25,000
25,000
The company has mad8 ihe followlng matefLql grants to Instilullons dudng th8 y8ar'.
2024
2023
Namg of Instl¢utlon
Body ond Soul
35,000
25,000
Analy$ls of •xp•ndlturo on Charltablo aCtlvltle•
Summary by fund typ•
Unrnstrfcted
funds
2024
Total
2024
Total
2023
Expandllure
37,400
37,400
27,400
Total 2023
27,400
27.400
Page 13

Docusign Envelope ID." 01FD947545AF488tY84DC-249AB4DDF
LANGLEY FAMILY FOUNDATION
(A company Ilmlted by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
Anolys15 of 8xpèndlture by actlvltles
Grant
fundlny of Governance
a¢tlvltles
costs
2024
2024
Total
funds
2024
Total
funds
2023
Expendllure
35.000
2,400
37,400
27,400
Total 2023
25,000
2,400
27,400
Analysls of 8UPPOrt costs
Governanc•
costs
2024
Total
lund8
2024
Total
funds
2023
Acoountancy
2,400
2,400
2.400
Total 2023
2.400
2.400
Indèpondent examlnorfs remun•ratlon
The Ind8pend8nt examSnef8 remunerallon amounts to an Independent examlner fee of £2,400 12023 -
£2,400).
Tru4tees' rgmuner4tlon and éxpenses
Durlng the year. no Irusl8es recelved any remuneralton or other beneffts12023 . £NIL}.
During the year endod 30 Septsmber 2024. ￿ trust88 expenses have been Incurr8d12023- £NILI.
Page 14

Docusign Envelope ID." 01FD947545AF488tWDC-249AB4DDF
LANGLEY FAMILY FOUNDATION
IA company Ilmltéd by guarantèe)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2D24
Flxed asset Invostments
Unlisted
Investment$
Cost
Al 1 October 2023
500,000
At 30 Septemb8r 2024
500,000
Nèl book valu•
AI 30 Seplembor 2024
500,000
AI 30 Seplembor 2023
500,000
10. Debt¢r8
2024
2023
Du8 wlthSn on• year
Olhgr debtors
4,000
11,500
11. Credltors: amounts falllng duo wlthln ong year
2024
2023
Accfuals and (ieferred Incom9
2,400
2,280
Page 15

Docusign Envelope ID." 01FD947545AF488tY84DC-249AB4DDF
LANGLEY FAMILY FOUNDATION
IA company Ilmlted by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
12. Staternent of funds
Statement of funds - current y•ar
Balance at
30
September
2024
Balance at 1
October
2023
Income Expondlturè
Unre8trS¢tgd funds
General Funds
542,512
167,654
137,400)
672,768
Statement of fund8- prlor y•ar
BalBnce at
30
Soplomber
2023
Balance 81
1 Octob8r
2022
Income Expendltur
Unrestrlct8d funds
General Funds
$07.412
62,500
{27.4001
542,512
Unreslrlct8d funds ale funds whlch are avallable for u86 01 tho dlscretlon of Ihe truslaes in furtherancè of
the general oblectfv8s ol the charity.
Furthor dotalls of the planned use and purp088 of th8 fund8 held are sel out the Iruslees, report.
Page 16

Docusign Envelope ID." 01FD947545AF488tWDC-249AB4DDF
LANGLEY FAMILY FOUNDATION
IA company Ilmlted by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
13. Analysls of net ass•ts between funds
Analy815 of nel assets botsveen funds - current porlod
Unrestrl¢tèd
funds
2024
Total
funds
2024
Fixed a$88t Investments
Currenl asset8
Credltors du8 wlthln one year
500,000
175,166
12.È1001
500,000
175,186
12,4001
Total
672,766
872,766
Analys18 01 net assèts bfjiwoon funds - prlor porlod
Unre8lrScted
funds
2023
Total
funds
2023
Flxed a5sel Invgslments
Current assets
Credltois duo wllhln one y68r
500,000
44,792
12,2801
500.000
44,792
12,2801
542,512
542,S12
Total
14.
Relatgd party tr?nsaGtIo
During the y8ar the orse ol ihe trusl88s. P Sandllands don8l£d lo the charlty a total of £106,00012023'.
£30,000). As al the yg8r and the Foundation w8s owed £NIL {2023= £NILI by P Sandilands. There ar8 no
formal terms and condiuons of repayment
Durlng the year the Foundallon recefved £35.000 (2023.. £25,000) from 1 Peradlse Gardens Llmllad.
company jointly contr￿led by P Sandi￿nds. As al the year end the Foundalion was owed £NIL 12023..
£NILI by 1 Paradiso Gardens Llmlted.
Page 17