Docusign Envelope ID: E9A82249-B8F0-8998-812B-DC2FB0567AAA
**COMPANY REGISTRATION NUMBER: 1259900 CHARITY REGISTRATION NUMBER: 271519**
**KISHARONLANGDON Company Limited by Guarantee FINANCIAL STATEMENTS 31 AUGUST 2025**
## **COHEN ARNOLD**
Chartered Accountants & statutory auditor New Burlington House 1075 Finchley Road LONDON NW11 0PU
Docusign Envelope ID: E9A82249-B8F0-8998-812B-DC2FB0567AAA
## **KISHARONLANGDON**
## **COMPANY LIMITED BY GUARANTEE**
## **FINANCIAL STATEMENTS**
## **YEAR ENDED 31 AUGUST 2025**
||**Page**|
|---|---|
|Trustees' annual report (incorporating the director's report)|**1**|
|Independent auditor's report to the members|**9**|
|Statement of financial activities (including income and expenditure||
|account)|**14**|
|Statement of financial position|**15**|
|Statement of cash flows|**16**|
|Notes to the financial statements|**17**|
Docusign Envelope ID: E9A82249-B8F0-8998-812B-DC2FB0567AAA
## **KISHARONLANGDON COMPANY LIMITED BY GUARANTEE**
## **TRUSTEES' ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT)**
## **YEAR ENDED 31 AUGUST 2025**
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 2025.
## **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 N I Doffman (Co-Chair) Mr P Goldberg (Co-Chair) Mrs E N Castleton Ms S R Cooper (Retired 28 March 2025) Mr N J Henry (Retired 7 February 2026) Ms C H Kaye (Retired 12 February 2026) Mr D Klein (Retired 28 March 2025) Ms C Lemer Mr M Lerner Mr R Levy Mr A Loftus Mr R Meyer (Appointed 4 December 2024) Ms K A Philips (Retired 28 March 2025) **Company secretary** P Darnell **Auditor** Cohen Arnold Chartered Accountants & statutory auditor New Burlington House 1075 Finchley Road LONDON NW11 0PU
**- 1 -**
Docusign Envelope ID: E9A82249-B8F0-8998-812B-DC2FB0567AAA
## **KISHARONLANGDON**
## **COMPANY LIMITED BY GUARANTEE**
## **TRUSTEES' ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT)** _**(continued)**_
## **YEAR ENDED 31 AUGUST 2025**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **CHARITY MERGER AND TUPE**
On 1 August 2023 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.
The legacy charities continue to operate under their existing entities for the period to 31 August 2024. On the 1 September 2024, the staff, assets, liabilities and activities of certain group entities were transferred to KisharonLangdon. The 2024 comparatives reflect the activity of KisharonLangdon before transfer.
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 2025.
**- 2 -**
Docusign Envelope ID: E9A82249-B8F0-8998-812B-DC2FB0567AAA
## **KISHARONLANGDON**
## **COMPANY LIMITED BY GUARANTEE**
**TRUSTEES' ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT)** _**(continued)**_
## **YEAR ENDED 31 AUGUST 2025**
## **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.
## **Organisation**
The Trustees have the power to delegate any of their functions to committees consisting of two or more individuals appointed by them.
## **Related parties**
KisharonLangdon is part of the KisharonLangdon group of which the ultimate holding company is KisharonLangdon Group.
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 £2,438.
## **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.
**- 3 -**
Docusign Envelope ID: E9A82249-B8F0-8998-812B-DC2FB0567AAA
## **KISHARONLANGDON COMPANY LIMITED BY GUARANTEE**
## **TRUSTEES' ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT)** _**(continued)**_
## **YEAR ENDED 31 AUGUST 2025**
## **ACHIEVEMENTS AND PERFORMANCE**
## **Overall Merger Success and the Cost of Success**
In the first full financial year following the merger, KisharonLangdon made significant progress towards meeting merger objectives. It expanded its operations by 7% as it successfully introduced new people into services, particularly Supported Living. At the same time, the quality of those services improved, as confirmed by external regulators.
With this success came additional expenditure as the gap widened between statutory funding and actual cost of delivering services.
Over this year and the succeeding period the charity group reduced central costs by over £1m in order to bridge this growing funding gap but there are limits to economies beyond which it is not possible to sustain quality and regulatory compliance.
The group will continue to expand to meet the anticipated increasing levels of need but in order provide sustainable support it will require a significant shift in the funding of social care and, particularly in the short term, the continued generosity of communal supporters.
## **KisharonLangdon Key Achievements**
This period saw KisharonLangdon consolidate merger progress and strengthen organisational resilience, while maintaining (and in key areas improving) service quality, governance and stakeholder confidence.
Key highlights for the year were as follows:
## **Strategic leadership and integration**
- Strategy progressed from consultation to completion, with implementation planning initiated (including development of KPIs and operational plans aligned to budget).
- Board engagement strengthened through additional focused sessions and development of trustee succession planning to broaden access to skills and future leadership.
- Merger integration continued with a clear emphasis on "substance over form", supported by adoption of common quality language and criteria across services (Caring, Responsive, Effective, Well-led, Safe) based on CQC standards.
## **Service quality and outcomes**
- Achieved an "excellent" Hertfordshire Local Authority inspection outcome for Supported Living. - Quality Assurance activity strengthened, including frequent spot checks/audits across London and Manchester, plus structured evidence-gathering to support readiness for the revised CQC framework. - Expanded support and responsiveness to demand through new placements and referral throughput: with eleven new clients moved in since the start of 2025
- Good Days and programming broadened meaningful activity, including partnerships such as football sessions at Emirates Stadium (Arsenal FC Community), alongside inclusive cultural activities (e.g., prePesach mock seder).
- Social Work team delivery accelerated to manage a strong list of referrals and assessments as the Supported Living service expanded.
- Volunteering infrastructure strengthened, with welcomed 28 new volunteers delivering over 180 hours of additional weekly volunteer service. A transition to the Volunteero platform was completed to improve tracking, communication and compliance. An updated Volunteer Handbook and training matrix developed Social enterprise development progressed: warehouse clearance for New Chapters reached c.90% complete to improve quality/pricing checks, reduce refunds and improve customer experience; Bike Shop successfully passed first City & Guilds delivery inspection and increased income through more placements and repairs
**- 4 -**
Docusign Envelope ID: E9A82249-B8F0-8998-812B-DC2FB0567AAA
## **KISHARONLANGDON**
## **COMPANY LIMITED BY GUARANTEE**
## **TRUSTEES' ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT)** _**(continued)**_
## **YEAR ENDED 31 AUGUST 2025**
## **People, culture and organisational development**
- Independent mid-year Employee Engagement Survey showed improvement from an already high base, with increases in key high-impact factors including leadership, engagement and teamwork/ownership. - Values and recognition activity were further embedded, with ongoing "Above and Beyond" awards and values sessions integrated into induction.
- An online "Welcome Hub" was established providing key organisational information, including policies, processes and Jewish ethos and practice.
- A major HR operational milestone was delivered through completion of electronic timesheet rollout. Management capability development was also strengthened via workshops and training.
- Strong training compliance was maintained (95-99% across departments) and external funding was accessed to strengthen leadership capability, including through the Government LDSS scheme. Eight NVQ apprenticeships commenced.
## **Financial sustainability, governance and risk**
- A disciplined budget process for 2025/26 was developed and tested, with £750k in efficiencies identified while maintaining the range of services and adopting conservative fundraising benchmarks for resilience. - Board-approved pay rate uplifts were implemented notwithstanding budgetary and cashflow pressures to protect recruitment and retention, including alignment of unqualified support staff to increased National Minimum Wage levels at the same time as maintaining a differential for qualified roles. - The cashflow position was reinforced by the sale of redundant property. - Risk management was strengthened, by work undertaken to harmonise risk registers and establish consistent methodologies for committee-level ownership with consolidated oversight.
## **Fundraising and external profile**
- A large-scale Matched Funding Campaign (8-9 June 2025) was mobilised, supported by an expanded champion's programme and broad community marketing activity.
- Events fundraising grew and diversified, including London Marathon participation, challenge events, and the launch of the first Young KisharonLangdon event (Padel tournament) to engage emerging supporters.
- Record revenue income levels were achieved for the year, reaching £4.468m against a £4.4m target (including Gift Aid) by 25 August 2025, supported by strong cash collection following major campaigns.
- Major fundraising and participation highlights included: Matched Funding Campaign raising c.£510k in 36 hours with 159 Champions; Velo Porto-Lisbon raising £68,629; and a first and successful Young KisharonLangdon Padel Tournament.
- External influence and profile were strengthened through service tours and roundtables with MPs and national decision-makers, and by supporting sector advocacy (including drafting questions for the Health and Social Care Select Committee).
- There was increased profile too through improved in-house press engagement and storytelling, including national attention via Electric Umbrella's involvement with KisharonLangdon clientele being part of Britain's Got Talent.
## **Education**
- A newly linked School and College curriculum and assessment tool was developed for launch in 2025/26, externally described as "inspirational" and "ahead of the curve".
- Tuffkid Nursery sustained outstanding quality and remained oversubscribed for September 2025, with external advisory feedback confirming it remains outstanding in all areas. Safeguarding leadership capacity was also strengthened to three Designated Safeguarding Leads.
**- 5 -**
Docusign Envelope ID: E9A82249-B8F0-8998-812B-DC2FB0567AAA
## **KISHARONLANGDON**
## **COMPANY LIMITED BY GUARANTEE**
## **TRUSTEES' ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT)** _**(continued)**_
## **YEAR ENDED 31 AUGUST 2025**
- Wohl Campus Kisharon Noé School delivered strong quality assurance outcomes, with lesson observations rated Good or Outstanding, alongside record parent engagement at the launch of a new Siddur accessible for people with learning disabilities.
- Langdon College progressed against regulatory expectations: an Ofsted monitoring report was published confirming prior judgements, with preparations proceeding well for a full positive inspection anticipated in the next financial year; leadership transition was stabilised with support from the wider education partnership and trustees, and a 2025/26 Quality Improvement Plan was developed. This progress was reinforced by the Ofsted visit of March 2026 which reported that the College met expectations in in all areas.
- Langdon College was selected by Ofsted as a pilot site for its new assessment framework; performance was reported as more than admirable, providing a strong platform ahead of formal inspection
## **Digital development and communications**
- Digital transformation plans were progressed, including establishment of Digital Champions, development of a People Management platform specification, and progress towards a workforce/people platform for implementation by end of 2025.
- Organisational systems and efficiency are being improved by exploring automation and AI-enabled workflows, and by mapping cross-organisation processes to support integrated working.
- Communications and compliance were strengthened, including updated photo consent processes, stakeholder mapping, and the establishment of internal distribution lists to reach staff by location/service.
- In-house marketing capacity was built through recruitment of a Creative Graphic Designer and a Digital Marketing & Content Lead, reducing reliance on agencies and delivering a material annual saving.
- Stronger internal and external messaging has been built through a new language style guide for staff, improved marketing collateral for services, and broader press coverage across programmes and fundraising campaigns.
## **FINANCIAL REVIEW (including reserves)**
With effect from 1 September 2024, the staff, certain assets and the operations of other group charities were transferred into KisharonLangdon in order to consolidate the core activities of the merged group. The impact of those transfers is identified separately as £913k in the Statement of Financial Activities.
The net income for the year was £41,537 after reflecting the intra-group transfers leaving reserves of £2,765,071 (all unrestricted). As described earlier in the Trustee Report the growth in activity disguises an ongoing failure of public funding to keep pace with inflation, especially the impact of the increases in National Minimum Wage and National Insurance.
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 have put pressure on the consolidated cashflow and careful cash management has been required.
**- 6 -**
Docusign Envelope ID: E9A82249-B8F0-8998-812B-DC2FB0567AAA
## **KISHARONLANGDON**
## **COMPANY LIMITED BY GUARANTEE**
## **TRUSTEES' ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT)** _**(continued)**_
## **YEAR ENDED 31 AUGUST 2025**
## **PLANS FOR FUTURE PERIODS**
During the next financial year it is intended to:
- Make further progress on the integration of IT processes
- Review the Social Enterprise provision
- Identify and implement HR software improvements.
- Reach conclusions over the development of the Finchley Road site
## **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. During the period delegated risk registers have been harmonised in order to enable an overall comprehensive review of risk across the group. The trustees review the registers on a quarterly basis.
## **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:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the applicable Charities SORP;
- make judgments and accounting estimates that are reasonable and prudent;
- 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 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:
- so far as they are aware, there is no relevant audit information of which the charity's auditor is unaware; and
- they have taken all steps that they ought to have taken as a trustee to make themselves aware of any relevant audit information and to establish that the charity's auditor is aware of that information.
The auditor is deemed to have been re-appointed in accordance with section 487 of the Companies Act 2006.
**- 7 -**
Docusign Envelope ID: E9A82249-B8F0-8998-812B-DC2FB0567AAA
## **KISHARONLANGDON**
## **COMPANY LIMITED BY GUARANTEE**
## **TRUSTEES' ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT)** _**(continued)**_
## **YEAR ENDED 31 AUGUST 2025**
## **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 12 June 2026 and signed on behalf of the board of trustees by:
**Mr P Goldberg** Trustee
**- 8 -**
Docusign Envelope ID: E9A82249-B8F0-8998-812B-DC2FB0567AAA
## **KISHARONLANGDON**
## **COMPANY LIMITED BY GUARANTEE**
## **INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF KISHARONLANGDON**
## **YEAR ENDED 31 AUGUST 2025**
## **OPINION**
We have audited the financial statements of KisharonLangdon (the 'charity') for the year ended 31 August 2025 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:
- give a true and fair view of the state of the charity's affairs as at 31 August 2025 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice;
- 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 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.
**- 9 -**
Docusign Envelope ID: E9A82249-B8F0-8998-812B-DC2FB0567AAA
## **KISHARONLANGDON COMPANY LIMITED BY GUARANTEE**
## **INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF KISHARONLANGDON** _**(continued)**_
## **YEAR ENDED 31 AUGUST 2025**
## **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:
- the information given in the trustees' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the trustees' report has been prepared in accordance with applicable legal requirements.
## **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:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; 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 directors' report and from the requirement to prepare a strategic report.
**- 10 -**
Docusign Envelope ID: E9A82249-B8F0-8998-812B-DC2FB0567AAA
## **KISHARONLANGDON**
## **COMPANY LIMITED BY GUARANTEE**
## **INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF KISHARONLANGDON** _**(continued)**_
## **YEAR ENDED 31 AUGUST 2025**
## **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.
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 noncompliance 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.
**- 11 -**
Docusign Envelope ID: E9A82249-B8F0-8998-812B-DC2FB0567AAA
## **KISHARONLANGDON**
## **COMPANY LIMITED BY GUARANTEE**
## **INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF KISHARONLANGDON** _**(continued)**_
## **YEAR ENDED 31 AUGUST 2025**
As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also:
- Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
- Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the internal control.
- Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the trustees.
- Conclude on the appropriateness of the trustees' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the charity's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the charity to cease to continue as a going concern.
- Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.
**- 12 -**
Docusign Envelope ID: E9A82249-B8F0-8998-812B-DC2FB0567AAA
## **KISHARONLANGDON**
## **COMPANY LIMITED BY GUARANTEE**
## **INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF KISHARONLANGDON** _**(continued)**_
## **YEAR ENDED 31 AUGUST 2025**
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
## 12 June 2026
**- 13 -**
Docusign Envelope ID: E9A82249-B8F0-8998-812B-DC2FB0567AAA
## **KISHARONLANGDON**
## **COMPANY LIMITED BY GUARANTEE**
## **STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT)**
## **YEAR ENDED 31 AUGUST 2025**
||||**2025**||2024|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|||
|||funds|funds|**Total funds**|Total funds|
||**Note**|**£**|**£**|**£**|£|
|**Income and endowments**||||||
|Donations and legacies|**5**|4,078,553|439,060|**4,517,613**|3,889,940|
|Charitable activities|**6**|14,443,379|–|**14,443,379**|5,901,103|
|Other income|**7**|9,278|–|**9,278**|–|
|||`───────────────`|`──────────`|`───────────────`|`─────────────`|
|**Total income**||18,531,210|439,060|**18,970,270**|9,791,043|
|||`═══════════════`|`══════════`|`═══════════════`|`═════════════`|
|**Expenditure**||||||
|Expenditure on raising funds:||||||
|Costs of raising donations and||||||
|legacies|**9**|(1,043,326)|–|**(1,043,326)**|(471,824)|
|Expenditure on charitable activities|**10,11**|(17,731,037)|(473,590)|**(18,204,627)**|(8,042,068)|
|Other expenditure|**12**|(594,000)|–|**(594,000)**|(251,995)|
|||`───────────────`|`──────────`|`───────────────`|`─────────────`|
|**Total expenditure**||(19,368,363)|(473,590)|**(19,841,953)**|(8,765,887)|
|||`═══════════════`|`══════════`|`═══════════════`|`═════════════`|
|||`───────────────`|`──────────`|`───────────────`|`─────────────`|
|**Net (expenditure)/income**||(837,153)|(34,530)|**(871,683)**|1,025,156|
|||`═══════════════`|`══════════`|`═══════════════`|`═════════════`|
|Reserves transferred from other||||||
|entities|**8**|908,089|5,131|**913,220**|–|
|||`───────────────`|`──────────`|`───────────────`|`─────────────`|
|**Net income/(expenditure) after transfer**||70,936|(29,399)|**41,537**|1,025,156|
|||`═══════════════`|`══════════`|`═══════════════`|`═════════════`|
|**Reconciliation of funds**||||||
|Total funds brought forward||2,694,135|29,399|**2,723,534**|1,698,378|
|||`───────────────`|`──────────`|`───────────────`|`─────────────`|
|**Total funds carried forward**||2,765,071|–|**2,765,071**|2,723,534|
|||`═══════════════`|`══════════`|`═══════════════`|`═════════════`|
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 17 to 26 form part of these financial statements.**
**- 14 -**
Docusign Envelope ID: E9A82249-B8F0-8998-812B-DC2FB0567AAA
## **KISHARONLANGDON**
## **COMPANY LIMITED BY GUARANTEE**
## **STATEMENT OF FINANCIAL POSITION**
## **31 AUGUST 2025**
|||**2025**||2024|
|---|---|---|---|---|
||**Note**|**£**|**£**|£|
|**Fixed assets**|||||
|Tangible fixed assets|**16**||**243,917**|271,756|
|Investments|**17**||**1**|1|
||||`──────────`|`──────────`|
||||**243,918**|271,757|
|**Current assets**|||||
|Debtors|**18**|**4,041,794**||3,003,380|
|Cash at bank and in hand||**141,338**||158,504|
|||`─────────────`||`─────────────`|
|||**4,183,132**||3,161,884|
|**Creditors: amounts falling due within one year**|**19**|**(1,661,979)**||(710,107)|
|||`─────────────`||`─────────────`|
|**Net current assets**|||**2,521,153**|2,451,777|
||||`─────────────`|`─────────────`|
|**Total assets less current liabilities**|||**2,765,071**|2,723,534|
||||`─────────────`|`─────────────`|
|**Net assets**|||**2,765,071**|2,723,534|
||||`═════════════`|`═════════════`|
|**Funds of the charity**|||||
|Restricted funds|||**–**|29,399|
|Unrestricted funds|||**2,765,071**|2,694,135|
||||`─────────────`|`─────────────`|
|**Total charity funds**|**20**||**2,765,071**|2,723,534|
||||`═════════════`|`═════════════`|
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 12 June 2026, and are signed on behalf of the board by:
**Mr P Goldberg** Trustee
**The notes on pages 17 to 26 form part of these financial statements.**
**- 15 -**
Docusign Envelope ID: E9A82249-B8F0-8998-812B-DC2FB0567AAA
## **KISHARONLANGDON**
## **COMPANY LIMITED BY GUARANTEE**
## **STATEMENT OF CASH FLOWS**
## **YEAR ENDED 31 AUGUST 2025**
||**2025**|2024|
|---|---|---|
||**£**|£|
|**Cash flows from operating activities**|||
|Net income|**41,537**|1,025,156|
|_Adjustments for:_|||
|Depreciation of tangible fixed assets|**79,823**|74,317|
|Accrued (income)/expenses|**(690,058)**|24,551|
|_Changes in:_|||
|Trade and other debtors|**(251,458)**|(1,969,783)|
|Trade and other creditors|**854,974**|253,388|
||`──────────`|`─────────────`|
|Cash generated from operations|**34,818**|(592,371)|
||`─────────`|`──────────`|
|Net cash from/(used in) operating activities|**34,818**|(592,371)|
||`═════════`|`══════════`|
|**Cash flows from investing activities**|||
|Purchase of tangible assets|**(51,984)**|(135,326)|
||`─────────`|`──────────`|
|Net cash used in investing activities|**(51,984)**|(135,326)|
||`═════════`|`══════════`|
|**Net decrease in cash and cash equivalents**|**(17,166)**|(727,697)|
|**Cash and cash equivalents at beginning of year**|**158,504**|886,201|
||`──────────`|`──────────`|
|**Cash and cash equivalents at end of year**|**141,338**|158,504|
||`══════════`|`══════════`|
**The notes on pages 17 to 26 form part of these financial statements.**
**- 16 -**
Docusign Envelope ID: E9A82249-B8F0-8998-812B-DC2FB0567AAA
## **KISHARONLANGDON**
## **COMPANY LIMITED BY GUARANTEE**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **YEAR ENDED 31 AUGUST 2025**
## **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.
**- 17 -**
Docusign Envelope ID: E9A82249-B8F0-8998-812B-DC2FB0567AAA
## **KISHARONLANGDON**
## **COMPANY LIMITED BY GUARANTEE**
## **NOTES TO THE FINANCIAL STATEMENTS** _**(continued)**_
## **YEAR ENDED 31 AUGUST 2025**
## **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.
**- 18 -**
Docusign Envelope ID: E9A82249-B8F0-8998-812B-DC2FB0567AAA
## **KISHARONLANGDON**
## **COMPANY LIMITED BY GUARANTEE**
## **NOTES TO THE FINANCIAL STATEMENTS** _**(continued)**_
## **YEAR ENDED 31 AUGUST 2025**
## **3. ACCOUNTING POLICIES** _**(continued)**_
## **Fixed assets**
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|**2025**|
||£|£|**£**|
|General Donations|3,577,538|428,860|**4,006,398**|
|Kisharon Charitable Trust|–|10,200|**10,200**|
|Legacies|73,512|–|**73,512**|
|Sponsorship Income|243,030|–|**243,030**|
|Appeals|184,473|–|**184,473**|
||`─────────────`|`──────────`|`─────────────`|
||4,078,553|439,060|**4,517,613**|
||`═════════════`|`══════════`|`═════════════`|
**- 19 -**
Docusign Envelope ID: E9A82249-B8F0-8998-812B-DC2FB0567AAA
## **KISHARONLANGDON**
## **COMPANY LIMITED BY GUARANTEE**
## **NOTES TO THE FINANCIAL STATEMENTS** _**(continued)**_
## **YEAR ENDED 31 AUGUST 2025**
## **5. DONATIONS AND LEGACIES** _**(continued)**_
||Unrestricted|Restricted|Total Funds|
|---|---|---|---|
||Funds|Funds|2024|
||£|£|£|
|General Donations|2,723,998|385,557|3,109,555|
|Kisharon Charitable Trust|–|–|–|
|Legacies|453,544|–|453,544|
|Sponsorship Income|168,497|–|168,497|
|Appeals|158,344|–|158,344|
||`─────────────`|`──────────`|`─────────────`|
||3,504,383|385,557|3,889,940|
||`═════════════`|`══════════`|`═════════════`|
## **6. CHARITABLE ACTIVITIES**
|**CHARITABLE ACTIVITIES**|||||
|---|---|---|---|---|
||Unrestricted|**Total Funds**|Unrestricted|Total Funds|
||Funds|**2025**|Funds|2024|
||£|**£**|£|£|
|Amounts from Local Authorities|13,967,091|**13,967,091**|5,650,430|5,650,430|
|Parental Contributions|476,288|**476,288**|250,673|250,673|
||`───────────────`|
`───────────────`|`─────────────`|`─────────────`|
||14,443,379|**14,443,379**|5,901,103|5,901,103|
||`═══════════════`|
`═══════════════`|`═════════════`|`═════════════`|
|**OTHER INCOME**|||||
||Unrestricted|**Total Funds**|Unrestricted|Total Funds|
||Funds|**2025**|Funds|2024|
||£|**£**|£|£|
|Other income|9,278|**9,278**|–|–|
||`═══════`|
`═══════`|`════`|`════`|
## **7. OTHER INCOME**
**- 20 -**
Docusign Envelope ID: E9A82249-B8F0-8998-812B-DC2FB0567AAA
## **KISHARONLANGDON COMPANY LIMITED BY GUARANTEE**
## **NOTES TO THE FINANCIAL STATEMENTS** _**(continued)**_
## **YEAR ENDED 31 AUGUST 2025**
## **8. ASSET TRANSFER FROM OTHER LANGDON ENTITIES**
At 1 September, the following transfers took place:
- Langdon Community (charity registration number 1086393) transferred its operations, assets and liabilities (excluding the New Chapters enterprise undertaking) to KisharonLangdon. - Langdon Housing (charity registration number 1142743) transferred its operations, assets and liabilities to KisharonLangdon.
- Langdon Foundation (charity registration number 1142742) transferred its operations, assets and liabilities (excluding the premises and certain liabilities) to KisharonLangdon.
The net value of these transfers was £913,220 of which £908,089 was unrestricted and £5,131 was restricted.
## **9. COSTS OF RAISING DONATIONS AND LEGACIES**
||Unrestricted|**Total Funds**|Unrestricted|Total Funds|
|---|---|---|---|---|
||Funds|**2025**|Funds|2024|
||£|**£**|£|£|
|Fundraising Costs|597,036|**597,036**|306,498|306,498|
|Sponsorships, Appeals and Events|446,290|**446,290**|165,326|165,326|
||`─────────────`|
`─────────────`|`──────────`|`──────────`|
||1,043,326|**1,043,326**|471,824|471,824|
||`═════════════`|
`═════════════`|`══════════`|`══════════`|
## **10. EXPENDITURE ON CHARITABLE ACTIVITIES BY FUND TYPE**
||Unrestricted|Restricted|**Total Funds**|
|---|---|---|---|
||Funds|Funds|**2025**|
||£|£|**£**|
|Educational Services|836,764|87,921|**924,685**|
|Adult Day Services|1,153,264|286,045|**1,439,309**|
|Supported Living|12,281,723|99,624|**12,381,347**|
|Support costs|3,459,286|–|**3,459,286**|
||`───────────────`|`──────────`|
`───────────────`|
||17,731,037|473,590|**18,204,627**|
||`═══════════════`|`══════════`|
`═══════════════`|
||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|1,963,686|–|1,963,686|
||`─────────────`|`──────────`|
`─────────────`|
||7,685,910|356,158|8,042,068|
||`═════════════`|`══════════`|
`═════════════`|
**- 21 -**
Docusign Envelope ID: E9A82249-B8F0-8998-812B-DC2FB0567AAA
## **KISHARONLANGDON**
## **COMPANY LIMITED BY GUARANTEE**
## **NOTES TO THE FINANCIAL STATEMENTS** _**(continued)**_
## **YEAR ENDED 31 AUGUST 2025**
## **11. EXPENDITURE ON CHARITABLE ACTIVITIES BY ACTIVITY TYPE**
|||Activities||||
|---|---|---|---|---|---|
|||undertaken||**Total funds**|Total funds|
|||directly|Support costs|**2025**|2024|
|||£|£|**£**|£|
||Educational Services|924,685|
102,056|**1,026,741**|590,438|
||Adult Day Services|1,439,309|
346,816|**1,786,125**|1,100,686|
||Supported Living|12,381,347|
2,945,537|**15,326,884**|6,080,560|
||Governance costs|–|
64,877|**64,877**|270,384|
|||`───────────────`|
`─────────────`|`───────────────`|`─────────────`|
|||14,745,341|
3,459,286|**18,204,627**|8,042,068|
|||`═══════════════`|
`═════════════`|`═══════════════`|`═════════════`|
|**12.**|**OTHER EXPENDITURE**|||||
|||Unrestricted|
**Total Funds**|Unrestricted|Total Funds|
|||Funds|
**2025**|Funds|2024|
|||£|**£**|£|£|
||Social enterprise cost|594,000|
**594,000**|251,995|251,995|
|||`══════════`|
`══════════`|`══════════`|`══════════`|
|**13.**|**NET INCOME**|||||
||Net income is stated after charging/(crediting):|||||
|||||**2025**|2024|
|||||**£**|£|
||Depreciation of tangible fixed assets|||**79,823**|74,317|
|||||`═════════`|`═════════`|
|**14.**|**STAFF COSTS**|||||
|||||**2025**|2024|
|||||**£**|£|
||Wages and salaries|||**10,605,338**|4,194,584|
||Social security costs|||**1,143,898**|428,678|
||Pension costs|||**350,475**|230,767|
|||||`─────────────`|`─────────────`|
|||||**12,099,711**|4,854,029|
|||||`═════════════`|`═════════════`|
||The average number of employees during the year is analysed as follows:|||||
|||||**2025**|2024|
||Number of Full Time Staff|||**243**|90|
||Number of Part Time Staff|||**106**|81|
|||||`────`|`────`|
|||||**349**|171|
|||||`════`|`════`|
**- 22 -**
Docusign Envelope ID: E9A82249-B8F0-8998-812B-DC2FB0567AAA
## **KISHARONLANGDON**
## **COMPANY LIMITED BY GUARANTEE**
## **NOTES TO THE FINANCIAL STATEMENTS** _**(continued)**_
## **YEAR ENDED 31 AUGUST 2025**
## **14. STAFF COSTS** _**(continued)**_
The number of employees whose remuneration for the year fell within the following bands, were:
||**2025**|2024|
|---|---|---|
||**No.**|No.|
|£60,000 to £69,999|**4**|–|
|£70,000 to £79,999|**–**|1|
|£80,000 to £89,999|**1**|–|
|£90,000 to £99,999|**1**|–|
|£100,000 to £109,999|**3**|–|
|£110,000 to £119,999|**–**|1|
|£150,000 to £150,999|**2**|1|
||`────`|`────`|
||**11**|3|
||`════`|`════`|
## **Key Management Personnel**
Key management personnel include all persons that have authority and responsibility for planning, directing and controlling the activities of the charity. The total compensation paid to key management personnel for services provided to the charity was £824,096 (2024:£385,000).
## **15. TRUSTEE REMUNERATION AND EXPENSES**
No trustees received any remuneration during the year (2024: £Nil). The charity did not meet any individual expenses incurred by the trustees for services provided to the charity.
## **16. TANGIBLE FIXED ASSETS**
|||Motor|||
|---|---|---|---|---|
||Software|vehicles|Equipment|**Total**|
||£|£|£|**£**|
|**Cost**|||||
|At 1 September 2024|275,411|205,484|158,932|**639,827**|
|Additions|–|16,127|35,857|**51,984**|
|Disposals|–|(26,500)|–|**(26,500)**|
||`──────────`|`──────────`|`──────────`|`──────────`|
|**At 31 August 2025**|275,411|195,111|194,789|**665,311**|
||`══════════`|`══════════`|`══════════`|`══════════`|
|**Depreciation**|||||
|At 1 September 2024|126,560|190,046|51,465|**368,071**|
|Charge for the year|29,770|16,989|33,064|**79,823**|
|Disposals|–|(26,500)|–|**(26,500)**|
||`──────────`|`──────────`|`──────────`|`──────────`|
|**At 31 August 2025**|156,330|180,535|84,529|**421,394**|
||`══════════`|`══════════`|`══════════`|`══════════`|
|**Carrying amount**|||||
|**At 31 August 2025**|119,081|14,576|110,260|**243,917**|
||`══════════`|`══════════`|`══════════`|`══════════`|
|At 31 August 2024|148,851|15,438|107,467|271,756|
||`══════════`|`══════════`|`══════════`|`══════════`|
**- 23 -**
Docusign Envelope ID: E9A82249-B8F0-8998-812B-DC2FB0567AAA
## **KISHARONLANGDON**
## **COMPANY LIMITED BY GUARANTEE**
## **NOTES TO THE FINANCIAL STATEMENTS** _**(continued)**_
## **YEAR ENDED 31 AUGUST 2025**
## **17. INVESTMENTS**
|**INVESTMENTS**||
|---|---|
||**Shares in**|
||**group**|
||**undertakings**|
||**£**|
|**Cost or valuation**||
|**At 1 September 2024 and 31 August 2025**|**1**|
||`════`|
|**Carrying amount**||
|**At 31 August 2025**|**1**|
||`════`|
|At 31 August 2024|1|
||`════`|
|All investments shown above are held at cost.||
The subsidiary undertaking, KisharonLangdon Enterprises Limited, is a wholly owned subsidiary incorporated and registered in England and Wales. The registered address is 333 Edgware Road, London, England, NW9 6TD.
KisharonLangdon Enterprises Limited was set up to deliver part of KisharonLangdon’s services. Its aggregate capital and reserves as at 31 August 2025 was £1,066 and the loss for the year was £594,530.
## **18. DEBTORS**
|**DEBTORS**|||
|---|---|---|
||**2025**|2024|
||**£**|£|
|Trade debtors|**659,905**|225,788|
|Amounts owed by group undertakings|**2,285,504**|2,172,610|
|Prepayments and accrued income|**924,898**|320,105|
|Other debtors|**171,487**|284,877|
||`─────────────`|`─────────────`|
||**4,041,794**|3,003,380|
||`═════════════`|`═════════════`|
See note 23 for related party transactions included in other debtors.
## **19. CREDITORS: amounts falling due within one year**
|**CREDITORS:** **amounts falling due within one year**|||
|---|---|---|
||**2025**|2024|
||**£**|£|
|Trade creditors|**859,980**|321,545|
|Amounts owed to group undertakings|**181,320**|150,542|
|Accruals and deferred income|**176,218**|79,320|
|Social security and other taxes|**368,937**|118,184|
|Other creditors|**75,524**|40,516|
||`─────────────`|`──────────`|
||**1,661,979**|710,107|
||`═════════════`|`══════════`|
See note 23 for related party transactions included in other creditors.
**- 24 -**
Docusign Envelope ID: E9A82249-B8F0-8998-812B-DC2FB0567AAA
## **KISHARONLANGDON**
## **COMPANY LIMITED BY GUARANTEE**
## **NOTES TO THE FINANCIAL STATEMENTS** _**(continued)**_
## **YEAR ENDED 31 AUGUST 2025**
## **20. ANALYSIS OF CHARITABLE FUNDS**
## **Unrestricted funds**
|**Unrestricted funds**|||||
|---|---|---|---|---|
||At|||**At**|
||1 September|||**31 August**|
||2024|Income|Expenditure|**2025**|
||£|£|£|**£**|
|General funds|2,694,135|19,439,299|(19,368,363)|
**2,765,071**|
||`═════════════`|`═══════════════`|`═══════════════`|`═════════════`|
||At|||At|
||1 September|||31 August|
||2023|Income|Expenditure|2024|
||£|£|£|£|
|General funds|1,698,378|9,405,486|(8,409,729)|
2,694,135|
||`═════════════`|`═════════════`|`═════════════`|`═════════════`|
|**Restricted funds**|||||
||At|||**At**|
||1 September|||**31 August**|
||2024|Income|Expenditure|**2025**|
||£|£|£|**£**|
|Restricted funds|29,399|444,191|(473,590)|
**–**|
||`═════════`|`══════════`|`══════════`|`════`|
||At|||At|
||1 September|||31 August|
||2023|Income|Expenditure|2024|
||£|£|£|£|
|Restricted funds|–|385,557|(356,158)|
29,399|
||`════`|`══════════`|`══════════`|`═════════`|
|**ANALYSIS OF NET ASSETS**|**BETWEEN FUNDS**||||
|||Unrestricted|Restricted|**Total Funds**|
|||Funds|Funds|**2025**|
|||£|£|**£**|
|Tangible fixed assets||243,917|–|**243,917**|
|Investments||1|–|**1**|
|Current assets||4,183,132|–|**4,183,132**|
|Creditors less than 1 year||(1,661,979)|–|**(1,661,979)**|
|||`─────────────`|`────`|`─────────────`|
|**Net assets**||2,765,071|–|**2,765,071**|
|||`═════════════`|`════`|`═════════════`|
|||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|
|||`═════════════`|`═════════`|`═════════════`|
## **21. ANALYSIS OF NET ASSETS BETWEEN FUNDS**
**- 25 -**
Docusign Envelope ID: E9A82249-B8F0-8998-812B-DC2FB0567AAA
## **KISHARONLANGDON**
## **COMPANY LIMITED BY GUARANTEE**
## **NOTES TO THE FINANCIAL STATEMENTS** _**(continued)**_
**YEAR ENDED 31 AUGUST 2025**
## **22. ANALYSIS OF CHANGES IN NET DEBT**
||||||**At**|
|---|---|---|---|---|---|
||At|1|Sep 2024|Cash flows|**31 Aug 2025**|
||||£|£|**£**|
|Cash at bank and in hand|||158,504|(17,166)|**141,338**|
||||`══════════`|`═════════`|`══════════`|
## **23. 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.
Other debtors includes an amount of £46,817 (2024: £261,337) due from Kisharon Academy Trust.
Amounts owed by group undertakings includes an amount of £2,028,752 due from Langdon Foundation (2024: £487,566), £220,389 due from The Kisharon Charitable Trust (2024: £124,467 creditor), £36,362 due from Langdon College (2024: £26,075 creditor) and an amount of £nil due from Langdon Community (2024: £1,610,554).
Amounts owed to group undertakings includes an amount of £181,320 due to KisharonLangdon Enterprises Limited (2024: £74,490).
## **24. OPERATING LEASE COMMITMENTS**
The total future minimum lease payments under non-cancellable operating leases are as follows:
|**Group**|**2025**|2024|
|---|---|---|
||**£**|£|
|Not later than 1 year|**1,253,300**|273,437|
|Later than 1 year and not later than 5 years|**656,541**|429,355|
|Later than 5 years|**554,248**|613,824|
||-----------------------------------------------------|-----------------------------------------------------|
||**2,464,089**|1,316,615|
||==================================================|==================================================|
## **25. CONTROLLING PARTY**
The parent company of KisharonLangdon is KisharonLangdon Group.
**- 26 -**