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2024-08-31-accounts

Docusign Envelope ID: 028F2873-727D-4F6E-8AB7-D6B601F323E0

COMPANY REGISTRATION NUMBER: 1259900 CHARITY REGISTRATION NUMBER: 271519

KISHARONLANGDON Company Limited by Guarantee FINANCIAL STATEMENTS 31 AUGUST 2024

COHEN ARNOLD

Chartered Accountants & statutory auditor New Burlington House 1075 Finchley Road LONDON NW11 0PU

Docusign Envelope ID: 028F2873-727D-4F6E-8AB7-D6B601F323E0

KISHARONLANGDON

COMPANY LIMITED BY GUARANTEE

FINANCIAL STATEMENTS

YEAR ENDED 31 AUGUST 2024

Page
Trustees' annual report (incorporating the director's report) 1
Independent auditor's report to the members 8
Statement of financial activities (including income and expenditure
account) 12
Statement of financial position 13
Statement of cash flows 14
Notes to the financial statements 15

Docusign Envelope ID: 028F2873-727D-4F6E-8AB7-D6B601F323E0

KISHARONLANGDON

COMPANY LIMITED BY GUARANTEE

TRUSTEES' ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT)

YEAR ENDED 31 AUGUST 2024

The trustees, who are also the directors for the purposes of company law, present their report and the financial statements of the charity for the year ended 31 August 2024.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered charity name KISHARONLANGDON
Charity registration number 271519
Company registration number 1259900
Principal office and registered Third Floor
office 333 Edgware Road
London
NW9 6TD
The trustees Mr P Goldberg
Mr M Lerner
Mrs E N Castleton
Mr D Klein (Retired 28 March 2025)
Mr R Levy
Mr A Loftus
Ms S R Cooper (Retired 28 March 2025)
Mr N I Doffman
Mr N J Henry
Mr P T Joseph (Retired 5 July 2024)
Ms C H Kaye
Ms C Lemer
Mr R I Meyer (Appointed 4 December 2024)
Mr B M Miller (Retired 5 July 2024)
Ms K A Phillips (Retired 28 March 2025)
Leadership team Mr R Franklin Chief Executive
Mrs H Sowa Director of Operations
Mr A Overlander-Kaye Director of Fundraising
Mrs M Janes Chief Operating Officer
Mrs J Flacks-Leigh Director of Marketing and comms
Mr P Darnell Director of Corporate Services
Company secretary P Darnell
Auditor Cohen Arnold
Chartered Accountants & statutory auditor
New Burlington House
1075 Finchley Road
LONDON
NW11 0PU
Bankers Barclays Bank Plc
1250 High Road
Whetstone N20 0PB

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Docusign Envelope ID: 028F2873-727D-4F6E-8AB7-D6B601F323E0

KISHARONLANGDON

COMPANY LIMITED BY GUARANTEE

TRUSTEES' ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT) (continued)

YEAR ENDED 31 AUGUST 2024

STRUCTURE, GOVERNANCE AND MANAGEMENT

Charity merger

On 1 August 2023, after an extended period of discussion and consultation, Kisharon formally merged with Langdon, a fellow Learning Disability charity, to form KisharonLangdon. The merger has established a larger, deeper charity much better placed to deal with the anticipated growth in the prevalence of learning disabilities in the Jewish community.

Following the merger, the new charitable group has been developing new structures and processes to realise the opportunities provided by the merger. The merger was effected by a new entity (KisharonLangdon Group) being established as the parent entity of the existing Kisharon and Langdon sub-groups.

This Trustee Report is based on the activities of the legacy Kisharon charity for the year ended 31 August 2024. The legacy charities have continued to operate under their existing entities for the period to 31 August 2024.

The trustees, who are also directors for the purposes of company law, have pleasure in presenting their report and audited financial statements for the year ended 31 August 2024.

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Docusign Envelope ID: 028F2873-727D-4F6E-8AB7-D6B601F323E0

KISHARONLANGDON

COMPANY LIMITED BY GUARANTEE

TRUSTEES' ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT) (continued)

YEAR ENDED 31 AUGUST 2024

STRUCTURE, GOVERNANCE AND MANAGEMENT (continued)

Governing document

KisharonLangdon is a Company limited by Guarantee not having a Share Capital. It is registered as a charity with the Charity Commission (Number 271519).

KisharonLangdon's governing instruments are its Memorandum and Articles of Association dated 9 April 1976 as augmented by subsequent special resolutions.

Appointment of Trustees

The Trustees (as directors for company law purposes) may at any time co-opt any individual who is qualified to be appointed as a trustee to fill a vacancy in their number or as an additional trustee, but a co-opted trustee holds office only until the next Annual General Meeting.

Trustee Induction and training

New trustees must familiarise themselves with the content of the Memorandum and Articles of Association, their legal obligations under charity and company law, the organisational structure of KisharonLangdon and the recent financial performance of the charity. Trustees are encouraged to attend appropriate external training events where these will facilitate the undertaking of their role.

All Trustees give their time voluntarily no benefit or expenses were paid in the year.

Related parties

The Charity has maintained insurance cover for the benefit of its Trustees against any liability incurred by them in carrying out their duties in such capacities. The premium paid in respect of such insurance was £2,600.

OBJECTIVES AND ACTIVITIES

The principal object of the charity is to provide excellence in education, vocational training, care and support for children and adults with learning difficulties within a traditional Jewish environment. KisharonLangdon aims to provide the requisite support to enable the individual to develop his potential and live as independently as possible in, and make a valuable contribution to, the local community.

KisharonLangdon offers a breadth of service which enables the charity to support an individual at every stage of his life. The services include an integrated nursery, a special school, support for adults to develop life skills and social inclusion, an employment service, residential services and parental advice and support service.

The Trustees confirm their compliance with the duty to have due regard to the public benefit guidance published by the Charity Commission when reviewing the Charity's aims and objectives and in planning future activities.

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Docusign Envelope ID: 028F2873-727D-4F6E-8AB7-D6B601F323E0

KISHARONLANGDON

COMPANY LIMITED BY GUARANTEE

TRUSTEES' ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT) (continued)

YEAR ENDED 31 AUGUST 2024

REVIEW OF SERVICES

Merger progress

The year has been dominated by the implementation of the merger between Kisharon and Langdon which took effect on 1 August 2023. Across the expanded organisation, there has been a focus on the integration of staff and processes, both operationally and administratively. Significant progress has been made during the period but there remains much to be done, including the TUPE exercise to bring staff under a single employer which happened with effect from 1 September 2024.

A primary objective for the period has been the maintenance of high quality service delivery against a background of change and re-organisation. Meetings with and surveys of service users, families, staff and other stakeholders indicate that this immediate goal has been achieved. This leaves the charity well placed to move forward with the improvements and benefits which merger will bring.

Tuffkid Nursery

A Froebel-based Nursery following the Early years Foundation stage, Tuffkid presently has 31 infants between the ages of 2 and 4 years with 13 diagnosed Special Educational Needs - with others attending also being attracted by developmentally appropriate frameworks of schema theory and Laever's signs of involvement and wellbeing.

The Nursery was awarded its Outstanding rating from Ofsted in 2022 and continues to manage a significant waiting list for places. The key challenge for Tuffkid, along with the rest of the sector, remains that of recruiting staff of high quality.

Wohl Campus, Kisharon Noe School - Loftus Learning Centre

The school, which operates under the Kisharon Academy Trust, was awarded a Good rating following an Ofsted inspection in January 2023, this being the first inspection following the move to the new site. This represents a major achievement as it continued to expand to over to over 0 pupils and to develop its curriculum. The report identified a happy and inclusive community where pupils are safe and where the staff have high academic expectations.

The state-of-the-art facilities support children between the ages of 4 and 19 with a wide range of educational needs, including general learning disabilities, autistic spectrum disorders and profound and multiple learning disabilities.

Pupils develop skills through high-quality planning, cross curricular lesson delivery, reflecting four areas of learning - Functional (theory/why), Practical (how), Emotional, Creative - covering the full national curriculum and Kodesh (Jewish Studies) curriculum.

Learning is evidenced for all pupils, including a feedback and assessment policy which is designed to be meaningful for students, parents and staff alike ensuring the therapeutic, holistic needs of the child are met to ensure improved outcomes.

Supported Living

The service currently supports 36 individuals with a range of learning disabilities to live independently. For some this entails care and support for 24 hours of every day seven days a week while others more limited assistance with housekeeping and budgeting. Annual targets are now set to ensure permanency of support roles and reduced reliance wherever possible on agency staffing which is a particular challenge for KisharonLangdon and in the sector in general.

The service was stable in 2024 but the increasing number of referrals indicates a further expansion of Supported Living accommodation in the immediate future.

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Docusign Envelope ID: 028F2873-727D-4F6E-8AB7-D6B601F323E0

KISHARONLANGDON

COMPANY LIMITED BY GUARANTEE

TRUSTEES' ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT) (continued)

YEAR ENDED 31 AUGUST 2024

Adult Day Opportunities

The 'Good Days' initiative to deliver a more flexible outward looking provision with roots in local communities has made positive strides in the year working with the community team - A steady stream of referrals is under assessment.

Numbers of casual attendees continues to increase particularly during holiday periods.

Social Enterprises

FINANCIAL REVIEW

The operating surplus for the year to 31 August 2024 was £1,292,563 (2023: £170,474). This surplus is before expenditure of £267,407 (2023: £254,161) on the merger process with Langdon.

Overview

While the core operational budget targets for the year were achieved, the overall financial picture was significantly influenced by the merger process:

The unbounded generosity of the KisharonLangdon community continues to underpin the essential work undertaken by the charity.

Operations

Statutory income increased by over 10% from £5.2m to £5.7m. The income uplift was mirrored by increased staff costs (up 8%) driven by the added requirement for support hours and the Charity's commitment to provide cost of living increases to staff when possible.

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Docusign Envelope ID: 028F2873-727D-4F6E-8AB7-D6B601F323E0

KISHARONLANGDON

COMPANY LIMITED BY GUARANTEE

TRUSTEES' ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT) (continued)

YEAR ENDED 31 AUGUST 2024

FINANCIAL REVIEW (continued)

KisharonLangdon Enterprises

The annual deficit of the trading subsidiary increased from £161k to £252k largely as a result of additional accommodation for training and work. The signs of income generation from the initial program of courses indicate that financial performance will improve.

Reserves and Cash Flow

As at 31 August 2024 the charity had £2.7m in Unrestricted Funds representing approximately 3 months of essential expenditure on charitable activities.

The Board is committed to continue to increase the level of unrestricted reserves of the company. This is particularly important in the current financial environment. Cash balances vary significantly in line with fundraising activity and school terms but the charity aims to have a minimum of two months' payroll expenditure in hand at any month end. Delays to the fundraising program has put pressure on the consolidated cashflow and careful cash management has been required.

Risk Management

The Trustees have identified and reviewed the major risks to which the Charity is exposed, in particular those related to the operations and finance of the Charity, and are satisfied that systems are in place to manage those risks. The trustees review such risks on a quarterly basis.

PLANS FOR FUTURE PERIODS

During the next financial year it is intended to:

TRUSTEES' RESPONSIBILITIES STATEMENT

The trustees, who are also directors for the purposes of company law, are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

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 the incoming resources and application of resources, including the income and expenditure, for that period.

In preparing these financial statements, the trustees are required to:

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Docusign Envelope ID: 028F2873-727D-4F6E-8AB7-D6B601F323E0

KISHARONLANGDON

COMPANY LIMITED BY GUARANTEE

TRUSTEES' ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT) (continued)

YEAR ENDED 31 AUGUST 2024

TRUSTEES' RESPONSIBILITIES STATEMENT (continued)

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

AUDITOR

Each of the persons who is a trustee at the date of approval of this report confirms that:

The auditor is deemed to have been re-appointed in accordance with section 487 of the Companies Act 2006.

SMALL COMPANY PROVISIONS

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

The trustees' annual report was approved on 27 June 2025 and signed on behalf of the board of trustees by:

Mr P Goldberg Trustee

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Docusign Envelope ID: 028F2873-727D-4F6E-8AB7-D6B601F323E0

KISHARONLANGDON

COMPANY LIMITED BY GUARANTEE

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF KISHARONLANGDON

YEAR ENDED 31 AUGUST 2024

OPINION

We have audited the financial statements of KisharonLangdon (the 'charity') for the year ended 31 August 2024 which comprise the statement of financial activities (including income and expenditure account), statement of financial position, statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 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:

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 charity 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 trustees' 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 charity'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.

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Docusign Envelope ID: 028F2873-727D-4F6E-8AB7-D6B601F323E0

KISHARONLANGDON COMPANY LIMITED BY GUARANTEE

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF KISHARONLANGDON (continued)

YEAR ENDED 31 AUGUST 2024

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 the audit:

MATTERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION

In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in 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:

RESPONSIBILITIES OF TRUSTEES

As explained more fully in the trustees' responsibilities statement, the trustees (who are also the directors 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.

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Docusign Envelope ID: 028F2873-727D-4F6E-8AB7-D6B601F323E0

KISHARONLANGDON COMPANY LIMITED BY GUARANTEE

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF KISHARONLANGDON (continued)

YEAR ENDED 31 AUGUST 2024

RESPONSIBILITIES OF TRUSTEES (continued)

In preparing the financial statements, the trustees are responsible for assessing the charity'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 charity 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.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We obtained an understanding of the legal and regulatory frameworks that are applicable to the charity through discussion with the trustees and identified financial reporting legislation and charity legislation as being most significant to these financial statements.

We communicated these identified frameworks amongst our audit team and remained alert to any indications of non-compliance 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.

As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also:

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Docusign Envelope ID: 028F2873-727D-4F6E-8AB7-D6B601F323E0

KISHARONLANGDON

COMPANY LIMITED BY GUARANTEE

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF KISHARONLANGDON (continued)

YEAR ENDED 31 AUGUST 2024

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

USE OF OUR REPORT

This report is made solely to the charity'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 charity'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 charity and the charity'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 Chartered Accountants & statutory auditor New Burlington House 1075 Finchley Road LONDON NW11 0PU

27 June 2025

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Docusign Envelope ID: 028F2873-727D-4F6E-8AB7-D6B601F323E0

KISHARONLANGDON

COMPANY LIMITED BY GUARANTEE

STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT)

YEAR ENDED 31 AUGUST 2024

2024 2023
Unrestricted Restricted
funds funds Total funds Total funds
Note £ £ £ £
Income and endowments
Donations and legacies 5 3,504,383 385,557 3,889,940 2,494,472
Charitable activities 6 5,901,103 – 5,901,103 5,342,026
───────────── ────────── ───────────── ─────────────
Total income 9,405,486 385,557 9,791,043 7,836,498
═════════════ ══════════ ═════════════ ═════════════
Expenditure
Expenditure on raising funds:
Costs of raising donations and
legacies 7 (471,824) – (471,824) (459,250)
Expenditure on charitable activities 8,9 (7,418,503) (356,158) (7,774,661) (7,045,774)
Other expenditure 10 (251,995) – (251,995) (160,000)
───────────── ────────── ───────────── ─────────────
Total expenditure (8,142,322) (356,158) (8,498,480) (7,665,024)
═════════════ ══════════ ═════════════ ═════════════
───────────── ────────── ───────────── ─────────────
Net income 1,263,164 29,399 1,292,563 171.474
Langdon merger costs (267,407) – (267,407) (254,161)
───────────── ────────── ───────────── ─────────────
Net income/(expenditure) after merger
costs 995,757 29,399 1,025,156 (82,687)
═════════════ ══════════ ═════════════ ═════════════
Reconciliation of funds
Total funds brought forward 1,698,378 – 1,698,378 1,781,065
───────────── ────────── ───────────── ─────────────
Total funds carried forward 2,694,135 29,399 2,723,534 1,698,378
═════════════ ══════════ ═════════════ ═════════════

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

The notes on pages 15 to 23 form part of these financial statements.

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Docusign Envelope ID: 028F2873-727D-4F6E-8AB7-D6B601F323E0

KISHARONLANGDON

COMPANY LIMITED BY GUARANTEE

STATEMENT OF FINANCIAL POSITION

31 AUGUST 2024

2024 2023
Note £ £ £
Fixed assets
Tangible fixed assets 14 271,756 210,747
Investments 15 1 1
────────── ──────────
271,757 210,748
Current assets
Debtors 16 3,003,380 1,033,597
Cash at bank and in hand 158,504 886,201
───────────── ─────────────
3,161,884 1,919,798
Creditors: amounts falling due within one year 17 (710,107) (432,168)
───────────── ─────────────
Net current assets 2,451,777 1,487,630
───────────── ─────────────
Total assets less current liabilities 2,723,534 1,698,378
───────────── ─────────────
Net assets 2,723,534 1,698,378
═════════════ ═════════════
Funds of the charity
Restricted funds 29,399 –
Unrestricted funds 2,694,135 1,698,378
───────────── ─────────────
Total charity funds 18 2,723,534 1,698,378
═════════════ ═════════════

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

These financial statements were approved by the board of trustees and authorised for issue on 27 June 2025, and are signed on behalf of the board by:

Mr P Goldberg Trustee

The notes on pages 15 to 23 form part of these financial statements.

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Docusign Envelope ID: 028F2873-727D-4F6E-8AB7-D6B601F323E0

KISHARONLANGDON

COMPANY LIMITED BY GUARANTEE

STATEMENT OF CASH FLOWS

YEAR ENDED 31 AUGUST 2024

2024 2023
£ £
Cash flows from operating activities
Net income/(expenditure) 1,025,156 (82,687)
Adjustments for:
Depreciation of tangible fixed assets 74,317 62,619
Accrued expenses/(income) 24,551 (9,097)
Changes in:
Trade and other debtors (1,969,783) 175,208
Trade and other creditors 253,388 (391,475)
───────────── ──────────
Cash generated from operations (592,371) (245,432)
────────── ──────────
Net cash used in operating activities (592,371) (245,432)
══════════ ══════════
Cash flows from investing activities
Purchase of tangible assets (135,326) (130,460)
────────── ──────────
Net cash used in investing activities (135,326) (130,460)
══════════ ══════════
Net decrease in cash and cash equivalents (727,697) (375,892)
Cash and cash equivalents at beginning of year 886,201 1,262,093
────────── ─────────────
Cash and cash equivalents at end of year 158,504 886,201
══════════ ═════════════

The notes on pages 15 to 23 form part of these financial statements.

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Docusign Envelope ID: 028F2873-727D-4F6E-8AB7-D6B601F323E0

KISHARONLANGDON

COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 AUGUST 2024

1. GENERAL INFORMATION

The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is Third Floor, 333 Edgware Road, London, NW9 6TD.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

There are no material uncertainties about the charity's ability to continue.

Public benefit entity

The charity constitutes a public benefit entity as defined by FRS102.

Judgements and key sources of estimation uncertainty

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

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

The Trustees do not consider there are any critical judgements or sources of estimation uncertainty requiring disclosure beyond the accounting policies listed below.

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Docusign Envelope ID: 028F2873-727D-4F6E-8AB7-D6B601F323E0

KISHARONLANGDON

COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 31 AUGUST 2024

3. ACCOUNTING POLICIES (continued)

Fund accounting

General unrestricted funds comprise the accumulated surplus or deficit on income and expenditure account. They are available for use at the discretion of the Trustees in the furtherance of the general objectives of the Charity.

Restricted funds are funds subject to specific restricted conditions imposed by donors.

Designated funds are funds which have been set aside at the discretion of the Trustees for specific purposes. There are no designated Funds as at the Balance Sheet date.

Incoming resources

All income is included in the statement of financial activities when entitlement has passed to the charity, it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured.

Grants and donations

Grants and donations are only included in the SOFA when the charity has unconditional entitlement to the resources. Donations represent voluntary amounts received during the year.

Legacies

Legacies are included in the Financial Statements as soon as their receipt can be anticipated with a high degree of certainty. This frequently coincides with the funds being received.

Resources expended

Expenditure is charged on an accruals basis and allocated to the appropriate headings in the accounts.

The majority of costs are directly attributable to specific activities. Costs incurred in respect of the charitable activities include elements of staff costs and attributable support costs.

Support costs

Support costs are those costs which are common to all areas of the organisation. These are allocated across all areas of activity on the basis of time and other resources dedicated to the respective services.

Governance costs

Governance costs are associated with the governance arrangements of the company and charity and relate to the general running of both. These costs include audit, legal advice for Trustees and costs associated with meeting constitutional and statutory requirements such as the cost of Trustee meetings and the preparation of the statutory accounts.

Consolidation

The charity is exempt from the requirement to prepare consolidated financial statements under section 400 of the Companies Act 2006, as it is a subsidiary of KisharonLangdon Group, a company incorporated in England and Wales. Consolidated financial statements are prepared by KisharonLangdon Group which includes results of this charity and its subsidiary.

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Docusign Envelope ID: 028F2873-727D-4F6E-8AB7-D6B601F323E0

KISHARONLANGDON

COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 31 AUGUST 2024

3. ACCOUNTING POLICIES (continued)

Fixed assets

All fixed assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Motor vehicles - 25% straight line Equipment and software - 20% reducing balance Property improvement - 20% straight line or over the life of the lease

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments.

Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.

4. LIMITED BY GUARANTEE

The charity is a company limited by guarantee and has no share capital. The liability of each member in the event of winding up is limited to £1.

5. DONATIONS AND LEGACIES

DONATIONS AND LEGACIES
Unrestricted Restricted Total Funds
Funds Funds 2024
£ £ £
Donations
General Donations 2,723,998 385,557 3,109,555
Legacies
Legacies 453,544 – 453,544
Sponsorship
Sponsorship Income 168,497 – 168,497
Other donations and legacies
Appeals 158,344 – 158,344
───────────── ──────────
─────────────
3,504,383 385,557 3,889,940
═════════════ ══════════
═════════════

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Docusign Envelope ID: 028F2873-727D-4F6E-8AB7-D6B601F323E0

KISHARONLANGDON

COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 31 AUGUST 2024

5. DONATIONS AND LEGACIES (continued)

Unrestricted Restricted Total Funds
Funds Funds 2023
£ £ £
Donations
General Donations 1,984,935 166,068 2,151,003
Legacies
Legacies 42,933 – 42,933
Sponsorship
Sponsorship Income 142,404 – 142,404
Other donations and legacies
Appeals 158,132 – 158,132
───────────── ────────── ─────────────
2,328,404 166,068 2,494,472
═════════════ ══════════ ═════════════
6. CHARITABLE ACTIVITIES
Unrestricted Total Funds Unrestricted Total Funds
Funds 2024 Funds 2023
£ £ £ £
Amounts from Local Authorities 5,650,430 5,650,430 5,192,354 5,192,354
Parental Contributions 250,673 250,673 149,672 149,672
─────────────
─────────────		 ───────────── ─────────────
5,901,103 5,901,103 5,342,026 5,342,026
═════════════
═════════════		 ═════════════ ═════════════
7. COSTS OF RAISING DONATIONS AND LEGACIES
Unrestricted Total Funds Unrestricted Total Funds
Funds 2024 Funds 2023
£ £ £ £
Fundraising Costs 306,498 306,498 342,740 342,740
Sponsorships, Appeals and Events 165,326 165,326 116,510 116,510
──────────
──────────		 ────────── ──────────
471,824 471,824 459,250 459,250
══════════
══════════		 ══════════ ══════════

- 18 -

Docusign Envelope ID: 028F2873-727D-4F6E-8AB7-D6B601F323E0

KISHARONLANGDON

COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 31 AUGUST 2024

8. EXPENDITURE ON CHARITABLE ACTIVITIES BY FUND TYPE

Unrestricted Restricted Total Funds
Funds Funds 2024
£ £ £
Educational Services 345,728 135,095 480,823
Adult Day Services 683,523 177,611 861,134
Supported Living 4,692,973 43,452 4,736,425
Support costs 1,696,279 – 1,696,279
───────────── ──────────
─────────────
7,418,503 356,158 7,774,661
═════════════ ══════════
═════════════
Unrestricted Restricted Total Funds
Funds Funds 2023
£ £ £
Educational Services 570,526 91,788 662,314
Adult Day Services 859,465 – 859,465
Supported Living 4,246,851 – 4,246,851
Support costs 1,202,864 74,280 1,277,144
───────────── ──────────
─────────────
6,879,706 166,068 7,045,774
═════════════ ══════════
═════════════

9. EXPENDITURE ON CHARITABLE ACTIVITIES BY ACTIVITY TYPE

Activities

undertaken Total funds Total fund
directly Support costs 2024 2023
£ £ £ £
Educational Services 480,823
109,615		 590,438 745,300
Adult Day Services 861,134
239,552		 1,100,686 1,049,910
Supported Living 4,736,425
1,344,135		 6,080,560 5,250,564
Governance costs –
2,977		 2,977 –
─────────────
─────────────		 ───────────── ─────────────
6,078,382
1,696,279		 7,774,661 7,045,774
═════════════
═════════════		 ═════════════ ═════════════
10. OTHER EXPENDITURE
Unrestricted
Total Funds		 Unrestricted Total Funds
Funds
2024		 Funds 2023
£ £ £ £
Social enterprise cost 251,995
251,995		 160,000 160,000
══════════
══════════		 ══════════ ══════════
11. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
2024 2023
£ £
Depreciation of tangible fixed assets 74,317 62,619
═════════ ═════════

- 19 -

Docusign Envelope ID: 028F2873-727D-4F6E-8AB7-D6B601F323E0

KISHARONLANGDON

COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 31 AUGUST 2024

12. STAFF COSTS

STAFF COSTS
2024 2023
£ £
Wages and salaries 3,228,932 2,760,385
Social security costs 325,831 272,053
Pension costs 64,002 58,193
───────────── ─────────────
3,618,765 3,090,631
═════════════ ═════════════

The average head count of employees during the year was Nil (2023: Nil). The average number of full-time equivalent employees during the year is analysed as follows:

2024 2023
No. No.
Number of Full Time Staff 90 75
Number of Part Time Staff 81 66
──── ────
171 141
════ ════
The number of employees whose remuneration for the year fell within the following bands, were:
2024 2023
No. No.
£60,000 to £69,999 – 2
£70,000 to £79,999 1 –
£90,000 to £99,999 – 1
£110,000 to £119,999 1 –
£130,000 to £139,999 – 1
£150,000 to £159,999 1 –
──── ────
3 4
════ ════

13. TRUSTEE REMUNERATION AND EXPENSES

No trustees received any remuneration during the year (2023: £Nil). The charity did not meet any individual expenses incurred by the trustees for services provided to the charity.

- 20 -

Docusign Envelope ID: 028F2873-727D-4F6E-8AB7-D6B601F323E0

KISHARONLANGDON

COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 31 AUGUST 2024

14. TANGIBLE FIXED ASSETS

Motor Property
Software vehicles Equipment
Improvement		 Total
£ £ £ £ £
Cost
At 1 September 2023 263,301 205,484 35,716
169,513		 674,014
Additions 12,110 – 123,216
–		 135,326
Disposals – – –
(169,513)		 (169,513)
────────── ────────── ──────────
──────────		 ──────────
At 31 August 2024 275,411 205,484 158,932
–		 639,827
══════════ ══════════ ══════════
══════════		 ══════════
Depreciation
At 1 September 2023 89,347 179,809 24,598
169,513		 463,267
Charge for the year 37,213 10,237 26,867
–		 74,317
Disposals – – –
(169,513)		 (169,513)
────────── ────────── ──────────
──────────		 ──────────
At 31 August 2024 126,560 190,046 51,465
–		 368,071
══════════ ══════════ ══════════
══════════		 ══════════
Carrying amount
At 31 August 2024 148,851 15,438 107,467
–		 271,756
══════════ ══════════ ══════════
══════════		 ══════════
At 31 August 2023 173,954 25,675 11,118
–		 210,747
══════════ ══════════ ══════════
══════════		 ══════════
15. INVESTMENTS
Shares in
group
undertakings
£
Cost or valuation
At 1 September 2023 and 31 August 2024 1
════
Carrying amount
At 31 August 2024 1
════
At 31 August 2023 1
════

Shares in group undertakings relates to KisharonLangdon Enterprises Limited, a wholly owned subsidiary.

KisharonLangdon Enterprises Limited was set up as a social enterprise to provide KisharonLangdon service users with work experiences and employment opportunities.

16. DEBTORS

DEBTORS
2024 2023
£ £
Trade debtors 225,788 201,834
Amounts owed by group undertakings 2,172,610 231,011
Prepayments and accrued income 320,105 449,260
Other debtors 284,877 151,492
───────────── ─────────────
3,003,380 1,033,597
═════════════ ═════════════

See note 21 for related party transactions included in other debtors.

- 21 -

Docusign Envelope ID: 028F2873-727D-4F6E-8AB7-D6B601F323E0

KISHARONLANGDON

COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 31 AUGUST 2024

17. CREDITORS: amounts falling due within one year

CREDITORS: amounts falling due within one year
2024 2023
£ £
Trade creditors 321,545 254,907
Amounts owed to group undertakings 150,542 –
Accruals and deferred income 79,320 54,769
Social security and other taxes 118,184 106,027
Other creditors 40,516 16,465
────────── ──────────
710,107 432,168
══════════ ══════════

See note 21 for related party transactions included in other creditors.

18. ANALYSIS OF CHARITABLE FUNDS

Unrestricted funds

Unrestricted funds
At At
1 September 31 August
2023 Income Expenditure 2024
£ £ £ £
General funds 1,698,378 9,405,486 (8,409,729) 2,694,135
═════════════ ═════════════ ═════════════ ═════════════
At At
1 September 31 August
2022 Income Expenditure 2023
£ £ £ £
General funds 1,781,065 7,670,430 (7,753,117) 1,698,378
═════════════ ═════════════ ═════════════ ═════════════
Restricted funds
At At
1 September 31 August
2023 Income Expenditure 2024
£ £ £ £
Restricted Fund – 385,557 (356,158) 29,399
════ ══════════ ══════════ ═════════
At At
1 September 31 August
2022 Income Expenditure 2023
£ £ £ £
Restricted Fund – 166,068 (166,068) –
════ ══════════ ══════════ ════

- 22 -

Docusign Envelope ID: 028F2873-727D-4F6E-8AB7-D6B601F323E0

KISHARONLANGDON

COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 31 AUGUST 2024

19. ANALYSIS OF NET ASSETS BETWEEN FUNDS

Unrestricted Restricted Total Funds
Funds Funds 2024
£ £ £
Tangible fixed assets 271,756 – 271,756
Investments 1 – 1
Current assets 3,132,485 29,399 3,161,884
Creditors less than 1 year (710,107) – (710,107)
───────────── ───────── ─────────────
Net assets 2,694,135 29,399 2,723,534
═════════════ ═════════ ═════════════
Unrestricted Restricted Total Funds
Funds Funds 2023
£ £ £
Tangible fixed assets 210,747 – 210,747
Investments 1 – 1
Current assets 1,919,798 – 1,919,798
Creditors less than 1 year (587,130) – (587,130)
───────────── ──── ─────────────
Net assets 1,543,416 – 1,543,416
═════════════ ════ ═════════════
ANALYSIS OF CHANGES IN NET DEBT
At
At 1 Sep 2023 Cash flows 31 Aug 2024
£ £ £
Cash at bank and in hand 886,201 (727,697)
158,504
══════════ ══════════ ══════════

20. ANALYSIS OF CHANGES IN NET DEBT

21. RELATED PARTY TRANSACTIONS

Under the terms of a tripartite supplemental land agreement between Kisharon Charitable Trust, Kisharon Academy Trust and the Secretary of State for Education, Kisharon Academy Trust is permitted to build and manage Kisharon School on the Parson Street site in accordance with the terms of the single academy funding agreement with the Secretary of State.

Amounts owed from group undertakings includes £487,566 due from Langdon Foundation, £1,610,554 due from Langdon Community and £74,490 due from KisharonLangdon Enterprises Limited.

Other debtors include £261,337 due from Kisharon Academy Trust.

Amounts owed to group undertakings includes £124,467 due to Kisharon Charitable Trust and £26,075 due to Langdon College.

22. CONTROLLING PARTY

The parent company of KisharonLangdon is KisharonLangdon Group.

- 23 -