2021-03-31-accounts

ANNUAL REPORT APRIL 2020 - MARCH 2021

connectreading.org.uk

Connect Reading, SPACES, 9 Greyfriars Road, Reading, RG1 1NU

Registered Charity: 1113150 | Company Number: 04956922

CONTENTS

Welcome & Introduction 03 Vision, Mission & Values 04

09 Projects

11 Membership

05 Key Figures 12

Financial Overview

Brokerage 06 Case Studies 07

13

15

Milestones & Review 20/21

Goals 21/22

CONNECT READING ANNUAL REPORT 2020-2021

3

WELCOME

LORRAINE BRIFFITT Managing Director

Well, I don't think I am alone in thinking 20/21 did not look how I'd

expected! We moved offices at the start of March 2020, but then found ourselves (like most people) working from home. Whilst Q1 of the financial year brought the inevitable challenges of balancing work and home, the strong and honest bond of our staff dream team upheld consistent quality and impact .

I would like to say a huge thank you to Annie for her persistence and hard work. Thank you, too, to our Board of Trustees for bearing with 2 staff juggling childcare and home-schooling!

Also, a massive thank you to every one of our members who stuck with us throughout the unpredictability of COVID. We have loved seeing you on our screens; supporting and connecting you by finding ways to make Reading better for everyone of us.

Whilst many plans for the year differed from my original expectations, I'm proud to say Connect Reading has - despite all the odds - gone from strength to strength.

Last year, in this section, I ended with, "I can't wait for 2021 when we can start to see more of you in real-life and take forward so much of our learning from this year."

Well, I still don't feel like I've seen enough of you in real-life yet! We have, however, brought plenty of learning into this year. The new structure of our monthly member networking has created lots of connections, we've improved our internal systems and we chose our new CRM as we headed into the year ahead. The PR & Comms addition to our member benefits has also really taken shape. We have loved helping you to all make connections this last year. We're inspired and grateful for your incredible generosity and desire to build a better Reading, for everyone - even if we have all been at our desks at home rather than in the town!

ANNIE WILLMOT Head of Communications & Events

CONNECT READING ANNUAL REPORT 2020-2021

4

Our vision, mission and values have driven each interaction over the last year. Every conversation and connection has been re-visited through the matrix of the question "How does this make Reading a better place?"

Over Summer 2020, we mapped our footprint, in terms of strategic impact in the town, identifying the need for our unique cross-sector approach. From this, we targeted areas to focus our operations.

VISION A better Reading ... for everyone Bringing sectors together for MISSION mutual benefit

V A L U E S LONG TERM INNOVATIVE innovative & long-term partnerships, creative, seeking to long-term impact continuously learn LOCAL EQUALITY SOCIAL our local we give each sector VALUE community & local an equal voice: we make it easy for environment are business, charity, you to create our first priority nonprofit, & social value statutory

CONNECT READING ANNUAL REPORT 2020-2021

5

KEY FIGURES 2020-2021

DONATIONS & RESOURCES

----- Start of picture text -----
£49.9k
----- End of picture text -----

Connecting members from multiple sectors in Reading makes a huge and sustained positive impact.

reduce landfill local impact social value & csr build connection

Connecting resources reduces landfill, supports local third sector charities and small business and creates opportunities for everyone to build social value at a local level with significant high, sustainable impact.

£7.6k

3,161

£30.5k SKILLS, ADVICE & TRAINING £3.15k

CONNECT READING IMPACT REPORT 2020-2021

6

BROKERAGE

£2.3 million 2003 to 31st March 2021

Resources which have been brokered include:

Venues :

meeting rooms, office use, parking spaces, conference space, training rooms : IT equipment

• monitors, laptops, hard drives, printers, mobile phones, software, keyboards, USB drives

Skills, Training & Advice brokered include:

pro bono coaching

• reduced cost charity treasurer course in finance organisational development trustee recruitment support social media support comms & marketing guidance

CONNECT READING IMPACT REPORT 2020-2021

7

CASE STUDIES

1,500 hand soaps from National Rail (through RUKCIC)

14 Non-Profit Members Clean Up!

W hen Reading UK CIC got in touch with us to ask if we could help redistribute 1,500 bottles of antibacterial hand wash, we leapt into action!

Annie headed off in her car to meet the team from Network Rail and Interserve at Reading Railway Station . It took two car-fulls (including all the seats and foot-wells!) and some serious organisation to arrange all the pick-ups and drop-offs. But, thanks to Reading UK CIC making the connection we were able to re-distribute the soap to 14 of our charity members.

Lucy collected some for Chemogiftbags who will use them in their bags which go to ladies and gents undergoing chemotherapy for Breast Cancer in Reading. And, Age UK Reading took a large supply to use during their Happy Feet appointments where they see 30-40 clients a day, several times a week!

ABC to Read took some for their volunteers who are reading with children in school, and RCLC took some to use in their work with ethnic minority women and their families. And, that’s only four out of 14 charities!

CONNECT READING IMPACT REPORT 2020-2021

8

CASE STUDIES

Citizens Advice Reading is very much looking forward to a great piece of collaboration with ACRE for the benefit of the local communities they both serve.

The Alliance for Cohesion and Racial Equality (Acre) is planning to start a Community Wellbeing Hub at the Oxford Road Community Centre site, and approached Connect Reading for assistance with practical help including acquiring appropriate furniture items. Connect Reading put them in touch with Citizens Advice Reading who have since suggested ideas for initiating the project and raising the prospect of long-term partnership work.

Working in silos is really not an option in the voluntary and community sector. Thanks to the connection through Connect Reading, Citizens Advice Reading is very much looking forward to a great piece of collaboration with ACRE for the benefit of the local communities they both serve.

Joint statement from Victor Koroma ( Acre ) & Tina Stevenson ( Citizens Advice Reading )

CONNECT READING IMPACT REPORT 2020-2021

9

THE GIVING TREE 2020

The challenge of a pandemic meant physical gifts weren't an option. Our Head of Comms & Events successfully pivoted the entire project online . Donations could be made via an online giving page, and businesses and charities were paired up directly with many using online wish lists which enabled gift givers to still choose the exact gift they wanted to buy.

We still had printed posters (with trees in The Oracle and Broad Street Mall) and in various locations across town. These enabled people to donate online via a QR code. We also shared invitations to get involved through our social media and emails.

Given the significantly reduced footfall in town centre and office spaces where Giving Trees were usually present (!) Connect Reading committed to underwrite* the project to ensure no child went without a Christmas gift.

We were delighted that 16 local charities received and distributed 1,551 gifts and 6 local businesses were matched directly with charities.

*This resulted in a £4.6k deficit for the year ... but we think it was worth every penny.

CONNECT READING IMPACT REPORT 2020-2021

10

RESCUE: 2020-2021

Reading RESCUE (Rivers & Environmental Spaces Clean Up Event) is Connect Reading's bi-annual environmental clean up event.

Sponsored by Thames Water , litter-picking equipment is supplied to teams from across the town. The event aligns strongly with our LOCAL value. It also resonates with our support of the Reading Climate Change Partnership 's aims.

NUMBER OF BAGS OCTOBER 2020

27

March 2020 looked very different, due to (yes here it is again) COVID-19!

NUMBER OF BAGS MAY 2021

Nevertheless, dedicated teams from Thames Water, Friends of Waterloo Meadows, Greyfriars Youth Group, Tilehurst Globe, Novotel Reading and IHS Markit joined the Connect Reading team to fill 126 bags of rubbish.

126

Do get in touch if you are interested in joining in next year!

NUMBER OF RUBBISH BAGS COLLECTED 2014-2020

1,960

CONNECT READING IMPACT REPORT 2020-2021

11

MEMBERSHIP

Despite the initial challenges of COVID-19 at the start of the 20/21 year, we have attracted new members and seen significant growth in numbers. We have been encouraged to see that others recognise the benefits and impact of Connect Reading, and how we have developed our membership offering over the past year.

• ACRE (Alliance for Cohesion & Racial Equality) Activate Learning (Reading College) Autism Berkshire Berkshire Women's Aid Brighter Future for Children Chapter 2 Citizens Advice Reading Coley Park Community Association Communicare Fifi's Vision Food for Families Holiday Inn, South Reading Holybrook Associates Homestart Reading Initiate Events Keep Emmer Green

• Nature Nurture

• New Beginnings

• Reading Association for the Blind Reading Family Aid Reading Sustainability Centre RUSU (Reading Uni's Student Union) Reading Voluntary Action Sadaka

• Sport in Mind

• Sue Ryder Duchess of Kent House The Roseate

• Toolshed New Meaning Trutify University of Reading Viva Photography

The pandemic impacted businesses and organisations signficantly, prompting us to develop a new membership for individuals. We trialled an Individual Membership offering during Autumn 2020.

2021 has found us further developing this to better suit small businesses (income under £100k). It was a great success, highlighting the importance of networking. For 2 members it even resulted in employment!

New Individual Members: Ben Grundy, Chris Mitchell, Claire Brown, Debra Green, Simon Stokes

36 NEW MEMBERS APR 2020 TO MAR 2021

INCOME BREAKDOWN: £47k

The first quarter was challenging, as some longer-term members were 2

EXPENDITURE BREAKDOWN: £61.4k

£4.6K TO UNDERWRITE THE GIVING TREE

THREE TIMES!

----- Start of picture text -----
40%
----- End of picture text -----

----- Start of picture text -----
3
GRANTS
ALMOST
100
----- End of picture text -----

BESPOKE TO EACH SECTOR

----- Start of picture text -----
3
----- End of picture text -----

WITH DEMAND 2

----- Start of picture text -----
£ £ £
----- End of picture text -----

from 2 to 4 days p/w over the course of 6 months. This has had 2 noticeable positive impact on the strategic direction of comms

----- Start of picture text -----
£ £ £
----- End of picture text -----

20212023

STRATEGY 2

4

20212025

AUG 2021

£

connectreading.org.uk

Registered Charity: 1113150 | Company Number: 04956922 | 0118 995 2960

@connectrdg

Connect Reading

ConnectReading @connectrdg

ConneGt Readlng Limited charity number 1113150 A company limrted by guarantee number 04956922 Annual Report and Financial Statements for the year ended 31 March 2021 nnect •READING

Connoct Roadlng Llmltod Annual Report and Flnanclal Statements for the year onded 31 March 2021 Contgnts Pag• Trustees, report 2to5 Examinerfs report Statement of finan￿￿ activilies Balance sheet Notes lo th8 accounts 9t0 13

Connect Readlng Limlted Trustees. Teport for the year ended 31 Aq•rch 2021 R￿O￿nCe and administrntiv• d•tails of th8 chavlty. Its Inmtees and ad¥l8ors The IrusteaÈ dLrring the finanaal year up to and including the date Ihe report was approvod waré: Name Posilion Dat88 Tracey Essery Chair David T￿rner Tony Potlitt Paul Bucklèy Darren C￿pbelI Catherine McLeod John Pickfcyd W￿{Y Poole Clyis Woolléy ApFM)inted December 2020 ApFrfJintod FebrLW 2021 Apwinted Febnw 2021 Charlty nLmbgr 1113150 Registered in ErvJland and Wales Cornpany nUr￿•r RegIst￿ed in ErKJlan¢J and Wa185 Reglsterod and principal address Bankerg Spsces Connect Reading Bardays Bard< 9 Greyfriars Rowj Reading Brwch Reading Mid Thames Grow) Berkshire PO Box 27 RG1 1NU RèadiNJ RG12HD CanknrichJe and Counties Bank Chamwood Court 5B New Walk le￿9t@r LE16TE Indep8ndent examin•r Rachel Eden ACMA Holy Brook Associat88 Spaces, 9 &eyfriar¥ Road Reading Berkshire RG11NU Stru¢luroi 90￿ManGe and managem8nt The charty is a ¢oThyny limited by guarantee WKI was fcrfmgj cn 7 Nov8mW 2LNJ3 as Reading Buginess Community Partnership Limitod and ro9i$tw¢d ag a tharity aince 3 Marth 2006. The nBme was chaw on 30 July 202010 Connect ReadiTrJ Ljmrted. ft is gover1￿d by a m8rnowdum and articles of associatirm. The liability of the members in the (rf the company being wound up 1$ limited to a sum rK)t ex￿edIng £1. The Board has wide4anging experien(x ard meets regularfy throuohoLrt the year. The Board d818gat8S day to day management to the Managing Director. Lorraine Brrffrtt, ¥rt￿ is assisted by the Head of Corrffiunic8tions and Events. WilrTr)tt by laTporary *aff as required. The trustees of the tharity are also the directors tr the Kwoses of ¢xJmpany law a￿$ are appoint8d by the members at the AGM, or by cmption by the Board wior to following AGM.

Connect Readlng Llmited TNsto•s' rnport (continued) for the year •nd•d 31 MarGh 2021 bJeclv•s and acllvlll Th• eharW# obJ•et4 Th8 eharity is established to Garry on t1￿ frllcwing Ob￿￿S in th8 irrter8sis of the ojmmunrty and in the area known as the Greater Reading area ('the area of brfi'l (Y any m thereof arkl athjilionally in cJ)rnmunities and alea5 wloining the area of ber￿"t.. . lo bring together and promote cAwration b81we8n th8 t￿ineSs. wblic and wol￿tary ¥ectm in th? area of benefit adjoiniThJ areas to nwimise tsir contrifxAion I￿ardS th• social aTrJ 8corthioc r898noration of the area of benefit". - 10 $I￿n￿￿en the tses tsets￿n the ￿sIness, tt1ari￿e soctors in th8 ￿ea of b8n8fil and adjoining areas and to raise aWarer￿sS. kr￿ledge Unders￿ing of th8 ne8ds of eath" - lo provide a ￿ntr8 f(￿ infomialion exprtise wvj to a¥1 a5 an introd￿r lo w4ble support from the business sector to comtrnnty and vOl￿tary groups: - the doing of all SLM other things as are In￿dental or C(nd4￿ve to Ihe attainmerrt ot Ihese coj'ects or ary of them. The charfty8 main a¢tivitiOS Our vision, mission and values have driven staff intèractions wth members and stakeholders over the last year. Every Gonversalion and connection has been re-visited Ihrough the ffkqtrix of the question "How does this make Reading a bgtter p13ce7' Over Summer 2020. the MD mapped Connect Readir¥J's footprint, In term5 of strategic Impact In the town. This helped lo pinpoint the need for Connect Reading's unique cros5-sector approach, enabling staff lo target areas to focus operations. P￿15¢ benefil 8tat8mw In Setting obJèctiva$ and plannirvJ our adivth"8s (MX TnJste8s have given serious t￿sideratIon to the Charity Commission's general gui¢J￿ on benefrt then ￿•￿VIng ￿ aims objactiV8s and in planning our future activitses. Achievements arbd PerfOrn￿e Despite the challenges of COVID-19, staff r•cnMted 39 new A￿TrI¢￿ thg cow5e of thg year, and 2 now proj￿1 partners. Here are $c￿e of the headlines". . Almosi 300 connections were made auoss Ihe t<￿1, for mutu81l)w￿. Some of th&se 18d onto resources or Irainir¥J b8iry given to charit￿5 aThJ non•rofris, in othor ¢asoS It resulted in long-lem employment for 2 of tsnect Reading's indrvidual membern. An In￿edIble 264 separate organisalions were conned•d fc¢ nJJlual benefit. 70 v•nues were gifted to charitses and notFprofits over the oxwse of the year. 3,161 it¢m8 were donated. We connoctod £7.Sk of fundlng and 8pon80 to n￿lber tharits'es. The total value of Connecl Reading's brokerage aThJ corThcth)n cane to £48.9k. DwirKJ a year when physical item5 were drfFI￿1I lo connect. due lo risks of the paTh1emio this figure Is Immense

Connect Readlng Llmlted Trusl•es' report (contlnued) lor th• y•ar •nd•d 31 Alarch 2021 Flnancial review The nei expenditLre for the yearwas £14.417. on ￿reStricted funds. Covid-19 The challeng8s of COVID have arisen in multiple forms" memb&rship Car￿ella110ns. ho￿ workiThJ, home schoolirvJ. utililies commitfTi8nts without usage, carKdled or ajapted events. limitations on th8 USUBI membership offering and more Dèspitè Ihis, staff havo pr8s88d on to ov8rcomo these in an array ofways. Regarding availability to existing FQtent￿I member5. Staff bew) uts"lising cmline calend￿9 lo en￿e others lo select availability. Events FMVOted (￿line. wth 9raat s￿cess. Face to fÈeè n8tirgs- when reStr￿lon$ permitted- Ch￿ to ouldoor walking me•ts"ngs. NgtworkiThJ moved online, with br8out rooms lo enable better 1-2-1 corKY15. Staff maintained good communication behYe8n on8 another (kning the most challengry periods of balarting work home-schctilire. In addition lo these measwes, the C￿viOuS pr8cauiions of hand &￿It1$er. fao masks and sooal dislarring have been adhered to dLwing any iTrperson conL. R•g•N•8 policy The ¢harily's free reserves, excluding fixed 8ss8ls, at lh8 yw eThJ wer8 £34,964 The Board recognises the need lo hokj charrtable as free re5erve5 In ￿ler to safèguard the Continuity of provision of swvices, to fund pericxjs of expendit￿ in ex¢ess of revwje.and to fund unexpected 8XP8ndilur8.The Board considers th a minimlxn ￿ the equivalerrt of six rronths. expenditure on operating costs sh￿Id be held free reserves. The reserves policy will b& r8viewed anwally by the Board. If at th8 date of apwoving the r8POrt and act¥Junt¥. there are ¢j￿ertaIntieS atK)ut the tharity5 ability to c￿lInU8 as a g(Mng conc8fn, th8 natur8 crf theso LfThtainties sfKwltJ bg oxplain9d. Future Plan STRATEGY DAY A strategy day was plarned fcff the st of 2021. but COVID-19 has wt a repeated pause on attempts to ￿ange this. A shorler, b1&￿d l¢Mline in person) strategy session has been planned for 2 July 2021. CRM.. During 20￿1, the Head of CommunicatKr+s Events researd￿d options for a CRM. This wa$ implemenled at the start of the 21r22 year. The 9)al is to ens￿8 all mwnber and stakeholder interactions all reso¢Jroe exchanges are maFP8d on the CRM. From this. we extr to ascertain ROI and overall impact. OIGITAL COMMS STRATEGY: The He&J of Comm$ & Events W Ic9e￿ a stratwJy at the sLgrt of 21122. Acts"ons from this are already undeThvay. INCOME DIVERSIFICATION STRATEGY. Tho MD gal￿d infmio f¢x this during tha first size months of 2021 A pl￿ for the next 2 years is undeThvay lo th8 thre8 Strands of tr￿ {m8mb&rship. grant funding and consultancyjoff-the-shelf services) we monitcfed and developed. This runs alorgside the aim lo (￿tain funding lo continue OLf 2 lQ"d(start positior. BUSINESS MEMBERSHIP". A new tier for businesses wlh an itKom8 of Lmd@r £1(Th is being I￿nthed in August 2021. This roeogniso$ th& inugasgd desire for neI4￿"ng aThl soryal value amongst this demcgraphic of business. GROW STAFF TEAM.. The aim is to drAtJle the staff lean. the MD'S 5UCC4S5fv1 wlicalion to the Kick8tart sttthie rorxuitmenl cl an OFwalions C(yJrdinalor C¢Nrms & Events Ca￿dinatOr in Jun• 2021.

Connect Readlng Llmlted Trusl••s' r•port (Gont•nued) for th• y•ar •ndod 31 March 2021 Statsment of trustses. responslbllltles Thè trustees (who are also th& directors for the pWFKI￿ of are resFJnsible for preparing the Trust88s r8POrt and the fin8nual s&￿eMen15 in ￿C(darte ￿ thg applicable law UK Accounting Standards. C￿￿panY law requires the trustees to prepare fin￿￿la1 aocwnts ￿ exh fin￿081 year whith give a true and fair view of the slate of affairs of the dwrt8ble conwiy and of irKoming resourrA5 and application of resources, including income expendrtwe. of ts charitable C¢Jrpany for the year. In pr8pariro these financial statements. Ihe trustees are required lo" select suitable accountirvJ policies aFWy them w￿Sten￿￿. obseThe the ￿thodS and winciples in the c￿lt￿ SORP: make Nidgements aTra estimates that are reasonable wutsnt" slate whether applicable UK ￿ntIng slwthrds have tan fOIkTh￿a, s￿"eCt to any matenal departures disclosed and explained in tr￿ finrtial staternents." prepare the accounts on a going concem basis ￿lesS it is inappromate to presume that the charrt)le cc￿panY will continue in owalion. The trustees are responsible for kèèping proper ￿%￿#￿ting r8cords which disclose vrith reasonable accuracy al 8ny time th8 fin￿¢￿1 w$ilion of ihe Charilable c£¥npany to enable them to ensure that the financi81 accounts comply wrth the Companies Aci 2LTh They we also responsible fcy salegwding the assets of th& tharity and h8nce for takiTrJ reasonatle steps for the prgvwrtion &¥J d8toction of fral￿ and other irregularities. This reFth ha$ bg•n kyowgd in aCcOrd￿ce with th8 Statemert of Recorrrfr￿ded Practice.. AceoJntiTrJ and Reporting by Charities (Charities SORP IFRS1021}, aml in with Ihe special provisions of the Companies Act 2CKE ￿lating 10 small cnmpanies. Si￿ed on béhalf of the board ￿ trustees.. Signed....................--- . (Trustee) Tracey Essery 2710712021

CHARITY COMMISSION FOR ENGLAND AND WALES * * Independent examinerfs report on the accounts Sectioii A Iridepei)dent Exaiiliiier s Report R•port to tho1Th8teosl m•mb•rs of Connecl Reading On accounts for the y•ar andod 31" March 2021 Gharlty no (11 any 11131 Sot out on pago5 Regpeth The charivs tNstees arn res[￿)￿ for the prO￿ration of the ac£ounts. r95ponslbilltlos of The charivs tru8tees consKler that an audit is required for this year tnigt•os and •xaMln•r under 3eelion 144 ￿ the Charities Ad 2011 (the Ctwies Act) that an indeperKlent examination 15 ne&J&l. It is my respOr￿1b7l ty to: ex￿1The the aUx￿nts mder sedwjn 145 rf the Charthe8 Act, to fouow the pro(%dures laKI d4y4m in the general Dite(K)ns given by the Charity Commisson (under wtion 145(5)(b) (A the Chalit￿S A+X, and to 31ate Wheth￿ partrcular matters have (¥)me to my attention. Basls of Indep8nd•nt My exa￿￿nal￿ was carried ¢xrt in &Xx)rdW￿ vith ger￿rnI Direclions gtven vxjmtherfs Statsmgnt by the Charity Commission. An e￿nination includes a review of the aceouniing records k8FI by th8 tharity and a cornpariÈon of the ￿lUnts presented those recordg. It also indud•s c(Y)sideration of any unusual items or disdosures in the ￿)unts, arKI seeking explanations from the tNees conceming sudi malters. The pr(Kedur8s undertaken do not provide all the evidenc8 that knrlukl bo requlred in an audit. and eonsequenty M opmion is given as to whether the ￿c￿nts present a and fairf vitr and the report is kn'mited to those matters get out in the Independent In conl￿alon ￿￿th my exanmnth. no ftmterial matters have c4)me to my •xamln•V8 8tat•m8nt 8tt0ntK￿ which gives m? txse to b8theve that in, any mat81ial rospe(.: the accounlr'ng reLX)rds wère nol kept in accordance with Section 130 ol the Charknes A¢ or the accounts ¢thd not ac£ord ith th8 acc￿ntInG records; or the aecounts did ncrt c)mply with the •pplica14e reqLkrem?nlg conceming the fThin and content of ac<•unts set out in the CharÉtie8 (Acrx)unts and Rewrts) Regulations 2008 other than any requirement th8t the 8e£ourts gNe a Yrue and far view is rK* a matter conshdered as part af an rthpeThlent examinatK)n. examination to thich attenlion shcyjld b8 drawn in this report in ￿der to 2P July 2021 Slgn•d: Name: Rthl Eden December 2017

Relevant professlonal qualification{s} or body Ilf any): ACMA (Charter&J In￿￿Ule crf MaiwJaiia Acxx)untarts) Addrus: H(Yy Brook A3sfyis. sp￿$. 9 Greyfviars Rowj, RG1 1 NU Sectioi) B Discloslire NONE December 2017

Connect Reading Limited Statement of Flnanclal Actlvltle5 (Includlng summary Incom• and •xp•ndltur• account) for th• y•ar end￿ 31 March 2021 2021 UrffÉstr￿1ed fuThJs 2021 ReStr￿ted funds 2021 Tot81 fwds 2020 Total funds Income from: Grants and dOnati￿S Membgrship income Events and activits.os Other ir￿0￿9 Bank interesl Total I￿AlMO lo.￿) 30.107 lo,￿ 30,107 5,$99 39,018 1CX) 325 47,031 325 47,031 46,317 Expendlture on: S818ri8s. Nl and P&n&on Rent Insurance end Utilities Travel and meeting expenses Staff training and recTUitmenl Trustee training and recTUitrnent Independont Examination Professional fees Print & design Cofflmunicalions - telephone and IT Equipment ccmsumables Othèr @xpanditura Evgnts aThJ prqeGts Charitabl& donatio Website Subscriptions ar¥J licer￿S Total exF￿HlIt￿￿e Net Income I l•xp•nditurn) Net movement In funds 39.5 5,899 39,592 S,899 322 41,540 2,147 1,254 164 654 321 250 321 250 21 2.624 2,624 939 1,997 1,328 43 9,OCXI 1,695 550 61,448 114.4171 114,4171 1,695 61,448 114.4171 (14,417) 49,205 (2,8681 (2,8881 Fund balances brought forward Fund balances canled forward 49.381 49,381 52,269 49,381 All incoming reswrces and resour¢¢$ OXFend&J ￿¥0 frThn u)ntir#JirvJ athvities.

Connect Readlng Llmlted Balance sheet as at 31 March 2021 2021 2021 2020 UrK8stnct8d R•strid8d Total Total Fixed assets Tangible assets Total flxed assets Curront assèts Debtors and prepaym8nts Cash al bank and in hand Total cvrrwrt assets 18,804 18,804 1,70e 53 229 54.937 15) 52.074 52,074 Currwbt IlablllfjeB: amourts falllng duè withln on• year Creditors and ac¢ruals Total Giiirent Ilabilitl•s 17,110 17,110 5.5 5,556 17,110 N•t curr•nl 488•ts I Illabllltlm) 49,381 Total assots loss current Ilabllltle 49.381 Net assets 49,381 Funds Unrestricted fiJnds ReslriGted funds Totsl funds 49,381 49.381 Fcrfthe yt4r•nthrvJ 31 March 2021 th• thwat4• corrVwu￿XéI￿d1ts frttm 4T1 ofthe Conyari¢sM 2LW6 law to smal ¢onK)arNes. 476 The t￿￿e$ a0 the dreLxors for th• of (xmwry ackr••w res￿￿51$ for c4mpPfflg*h thÈ FRS 102 lefftdke January 20191. The financial statements were approved by the bowd of tWs188s on Dale.. Signed.. rust￿) Name

Connect Readlng Limited Not•s to th• accounts for the year •nd•d 31 March 2021 1 Accountlng policies Basls of aecountiNJ These ac¢oLrts Aave been prep8r8d ￿Vj8r th8 historical cost rJ)rNakn ￿th rtems rgc<Jgnisod al cost or transaction value unless olherw5e staled in the relevant mtalsl to these atxounts. The financial 51alemenls have b88n prepared in accordarKe wth the Statartht of Reo)mm8nd8d PractiC8.' A￿UntIng and ReportirKJ by Charits'es rrfewng their &COLnts in ￿ffdar￿ with the Financial RaFx%1ing StWtrJard appli￿ble in the UK and Rewblic of Irelarmg (FRS 102) {effective 1 January 2019) and Iwth the Charities Acl 2011. The charity conslilutes a public be￿fit entity as defird by FRS 102. There has bean no Ch￿ge to the accounting ￿1CleS sirKe last Yfj￿. No ehangos have been made to the acc￿nts for Eyevi￿S years. Going concem The trustees are satisf￿tt that thwe no material urtwtainties abcwt lh8 chariws abilty to continue. Incoming resourGes With the excep8tion of Mem￿erShIp inL￿Me. inc4JmirvJ r8SOLYCeS are irduded in Stalemenl of Financial Activities ISOFAI when Ihe tharity beco￿ entrtled lo the resources, it is more likely than not that the trustees will receive the resources the value can be measured Iwth suffi'uent M8mb8rship income is acuued or deferred wfwe Ihe l￿ffle is received fcf a p8rKyJ whith is rw)t in accordance with ￿ charitys financial year. Gran18 and donatlon& Grants and danations are only irtluded in thè SOFA￿ ts (Jwty has unL￿dItiOnal ontitl8menl to thè r8sources. Where grants are related lo ￿rfl￿THa[￿e and spwfic delivwales, they are a¢xLwnlgd as t￿ charity eams thè nght to consKl8ralion by its per1￿manCe. Expendilure and liiliti Expendiluro is recognisod on * ac¢Jual basis as a liaility is inoJrrwJ. Liabililies are r8cognised ￿ere it is more likely than not that there is 8 legal or ccnslructive Obltgali¢￿ commilling the charity to pay out the r8sourc8s and th8 arr￿Int of the Obl￿￿'0n can be nxasured reasonable wlainty. Grants payable wlthout perfornmnce conthtions Where there are no umdrtiorts attaciro lo the granl that en￿eS the ctsrity to realistically avoid the commitmem, a liability f¢Y the lull fuTrJing rtiliga￿ Thst be reL¥w￿d. Taxatlon As a charty the ￿ganisatIon ben8fits from rates rel￿f ￿ is genorally exampt from incomè Lqx and capital gains tax fArt not from VAT. IrreC0ver￿le VAT is Ind￿&￿ in th• ojst of those Ilen￿ lo whith il relates. Tanglble fix•d as¥¢ts T8ngib58 fixed 8SS81s IxistirKJ mrTh th￿ £2,(m r4ilalis8d aryj 11K￿ud￿J al cost induding any incidental expenses of acquisition. Grfted agsets we 8t the value lo th8 charity Dn r8COlPt. D8preciation is provided on all lan9ible fixed assets al rates (£1￿lated to write off the c05t on a slr?ighl line b8sis over their 8xpeded us8fLJI 8c£Jnofflic lives as follows". Pri4￿￿ and Offi￿ 8qUiPm8nl' over S years CC￿pUter e(JJipménl.' over 3 yws

Connect Readlng Limited Notes to the a¢￿Ints lor the year ended 31 March 2021 1 Accouniing p￿1CleS contlnu8d Porbslons The charity operates a defined Contrit￿￿¢￿) Sd￿￿@ for of its enyloyees. The costs of contributions are rec4wi5ed in th8 V ttrw we payable. Fur￿ accountlng Unrgskn'cl8d furwjs are availabl8 for use * th8 dis<yetion of the trustees in f￿1h￿ance of the general obieetives of the charity. Re8trict8d funds arts 5thJ"ected to re5tr1clic￿S on their experKIrtWa by the thnor or tr￿OUgh the terms of app8al Further explanation d the naturo FxKrrt)se of fLKKI is i￿1￿jed in th& notes to acc￿nIS. Lea8e8 Rents under operating leasos are a straw line basis over Ihe lèasè terni <Y to an 8arli8r rjate if lease ￿ be determined fin￿al 10

Connect Reading Limited Not05 to tho accounts contlnu•d for the yoar ended 31 March 2021 2 Grants and donations 2021 2020 Total funds unrestn.cied Restricted Totsi funds Raading Borough Council Thames Water Icommunity Relief FurNJ) Sunory donations 2,500 lo,￿) 10,900 2021 2020 Gross salaries Social securty costs (net ￿ employwit allcr•8nc*l Pensions 38,150 39,299 662 1,579 41.540 1,442 39,592 The average number employees dLwir¥J Ihe year Wds 2 (2020.. 125). w8re no employees Wlth emoluments above £60.fAI0. Defified contribution pension schen 2020 Costs rrf lh8 $th8m8 lo th8 tharily year Amount of any corrtritMJtt"ons outstanding at year end Amount of any contributions wepaid at ts year end 1,442 1,579 238 4 Debtors and wepaymnts 2020 Debtors Prepayments and inc4Jme 17,330 18,804 1.708 S Cash at bank and in hand 2021 2020 Barclays Bank Cambridge arKI Co￿￿1eS 8ark 6,764 27,025 26.204 53.229 33.270 6 Crnditorn and accnwls 2021 2020 Accruals Deferred incJ)me PAYE 360 16,750 852 4.033 433 238 5,558 Pension control 17,110 11

Connect Readlng Limited Notes to the accounts contlnu lor the year ended 31 March 2021 7 Related party transacdor Truste• upnses NO Irust¢6 received any expenses this ￿(£7￿2 in lh8 previous yearl. Trust￿ r•mun•rntlon and b•n•fft• No truslee r￿1ved romunerati￿ or tenefit durry Ihi4 (K tho wevi(MJs year. R•mun•ratlon and benefits recelved by key nunagemwrt p•1￿￿) The k8y management personnel c the i• includ8 the tnjstees, m￿ag￿g Dir&￿￿ ¢d Head of Commurmcations and Events. The tot41 enwoyee berAffts rec8N•Y by ￿ kèy managèmont pOr￿nn#1 werg £42,432 (p￿vIouS year. £41,540> Oth•r R•lat•d Party Transacllons During th8 pravi￿￿8 y￿, Pa￿￿1 services ware wovvjed by BDO LLP Chri$ WW, a fomEr tru$lee and treasurer, was emFdoy8d. The rnnt (wged in the wevicmjs year aTh)unted lo £360. Thi5 arrang8menl c8888d at 31 2(r20, payrdl s¢rvKes were ￿nt IrFhouse, utilisng Payroll Softvare (Brighlpayi. 12

Connect Readlng Llmlted Slat•m•nt of Flnanclal Actlvltl•s Includlng comparatlves for all fvnds (Includlng summary Incomo and expendlturn account) for the year ended 31 March 2021 2(Y21 2Q20 2021 2020 Unrestncted Unrestricted Restrictod Restrict8d fvThJs fiJTYJs fiJnds 2Q21 Total fuThJs 2020 Total funds Income Grants and c*Jnations Monknership incimne Events activities Othef income Ba￿ Interest Total Incomo 10, 30,107 10.SY)O 30.107 5,599 100 325 47.031 39.018 39,018 325 47.031 333 46.317 333 46.317 Expendlture Salaries. Nl and Pension Rent Insuran￿ arKJ Utilities Travel and meeting expenses Staff training armj r8cwilmenl Trustee training and reCruitm￿tt Independenl ExarninatK Profèssional fg0S Pnnl & design Communications - lelethne and IT Equipment and consumables Other expenditure Events projects Grant funding Charitable donations Website Subscriplions and lic￿CeS Total &xpondituro Net income I lexpenditure) Net fflovofflmrt In furKIs 41.540 2,147 39.592 5.899 322 63 164 654 321 250 41,540 2,147 322 1.254 1,254 321 29) 2,624 939 2,624 65 939 1.997 1.328 1,997 1,328 43 1,695 550 S1.448 {14,4171 {14.4171 61,448 114,417) 114,417) 49.205 {2,8881 {2.8881 49,205 12,8881 12,8881 Fund balances broutht loThYard Fund l>alanees carried fofward 49,381 52,269 49.381 49.381 49,381

ConneGt Readlng Limited charity number 1113150 A company limrted by guarantee number 04956922 Annual Report and Financial Statements for the year ended 31 March 2021 nnect •READING

Connoct Roadlng Llmltod Annual Report and Flnanclal Statements for the year onded 31 March 2021 Contgnts Pag• Trustees, report 2to5 Examinerfs report Statement of finan￿￿ activilies Balance sheet Notes lo th8 accounts 9t0 13

Connect Readlng Limlted Trustees. Teport for the year ended 31 Aq•rch 2021 R￿O￿nCe and administrntiv• d•tails of th8 chavlty. Its Inmtees and ad¥l8ors The IrusteaÈ dLrring the finanaal year up to and including the date Ihe report was approvod waré: Name Posilion Dat88 Tracey Essery Chair David T￿rner Tony Potlitt Paul Bucklèy Darren C￿pbelI Catherine McLeod John Pickfcyd W￿{Y Poole Clyis Woolléy ApFM)inted December 2020 ApFrfJintod FebrLW 2021 Apwinted Febnw 2021 Charlty nLmbgr 1113150 Registered in ErvJland and Wales Cornpany nUr￿•r RegIst￿ed in ErKJlan¢J and Wa185 Reglsterod and principal address Bankerg Spsces Connect Reading Bardays Bard< 9 Greyfriars Rowj Reading Brwch Reading Mid Thames Grow) Berkshire PO Box 27 RG1 1NU RèadiNJ RG12HD CanknrichJe and Counties Bank Chamwood Court 5B New Walk le￿9t@r LE16TE Indep8ndent examin•r Rachel Eden ACMA Holy Brook Associat88 Spaces, 9 &eyfriar¥ Road Reading Berkshire RG11NU Stru¢luroi 90￿ManGe and managem8nt The charty is a ¢oThyny limited by guarantee WKI was fcrfmgj cn 7 Nov8mW 2LNJ3 as Reading Buginess Community Partnership Limitod and ro9i$tw¢d ag a tharity aince 3 Marth 2006. The nBme was chaw on 30 July 202010 Connect ReadiTrJ Ljmrted. ft is gover1￿d by a m8rnowdum and articles of associatirm. The liability of the members in the (rf the company being wound up 1$ limited to a sum rK)t ex￿edIng £1. The Board has wide4anging experien(x ard meets regularfy throuohoLrt the year. The Board d818gat8S day to day management to the Managing Director. Lorraine Brrffrtt, ¥rt￿ is assisted by the Head of Corrffiunic8tions and Events. WilrTr)tt by laTporary *aff as required. The trustees of the tharity are also the directors tr the Kwoses of ¢xJmpany law a￿$ are appoint8d by the members at the AGM, or by cmption by the Board wior to following AGM.

Connect Readlng Llmited TNsto•s' rnport (continued) for the year •nd•d 31 MarGh 2021 bJeclv•s and acllvlll Th• eharW# obJ•et4 Th8 eharity is established to Garry on t1￿ frllcwing Ob￿￿S in th8 irrter8sis of the ojmmunrty and in the area known as the Greater Reading area ('the area of brfi'l (Y any m thereof arkl athjilionally in cJ)rnmunities and alea5 wloining the area of ber￿"t.. . lo bring together and promote cAwration b81we8n th8 t￿ineSs. wblic and wol￿tary ¥ectm in th? area of benefit adjoiniThJ areas to nwimise tsir contrifxAion I￿ardS th• social aTrJ 8corthioc r898noration of the area of benefit". - 10 $I￿n￿￿en the tses tsets￿n the ￿sIness, tt1ari￿e soctors in th8 ￿ea of b8n8fil and adjoining areas and to raise aWarer￿sS. kr￿ledge Unders￿ing of th8 ne8ds of eath" - lo provide a ￿ntr8 f(￿ infomialion exprtise wvj to a¥1 a5 an introd￿r lo w4ble support from the business sector to comtrnnty and vOl￿tary groups: - the doing of all SLM other things as are In￿dental or C(nd4￿ve to Ihe attainmerrt ot Ihese coj'ects or ary of them. The charfty8 main a¢tivitiOS Our vision, mission and values have driven staff intèractions wth members and stakeholders over the last year. Every Gonversalion and connection has been re-visited Ihrough the ffkqtrix of the question "How does this make Reading a bgtter p13ce7' Over Summer 2020. the MD mapped Connect Readir¥J's footprint, In term5 of strategic Impact In the town. This helped lo pinpoint the need for Connect Reading's unique cros5-sector approach, enabling staff lo target areas to focus operations. P￿15¢ benefil 8tat8mw In Setting obJèctiva$ and plannirvJ our adivth"8s (MX TnJste8s have given serious t￿sideratIon to the Charity Commission's general gui¢J￿ on benefrt then ￿•￿VIng ￿ aims objactiV8s and in planning our future activitses. Achievements arbd PerfOrn￿e Despite the challenges of COVID-19, staff r•cnMted 39 new A￿TrI¢￿ thg cow5e of thg year, and 2 now proj￿1 partners. Here are $c￿e of the headlines". . Almosi 300 connections were made auoss Ihe t<￿1, for mutu81l)w￿. Some of th&se 18d onto resources or Irainir¥J b8iry given to charit￿5 aThJ non•rofris, in othor ¢asoS It resulted in long-lem employment for 2 of tsnect Reading's indrvidual membern. An In￿edIble 264 separate organisalions were conned•d fc¢ nJJlual benefit. 70 v•nues were gifted to charitses and notFprofits over the oxwse of the year. 3,161 it¢m8 were donated. We connoctod £7.Sk of fundlng and 8pon80 to n￿lber tharits'es. The total value of Connecl Reading's brokerage aThJ corThcth)n cane to £48.9k. DwirKJ a year when physical item5 were drfFI￿1I lo connect. due lo risks of the paTh1emio this figure Is Immense

Connect Readlng Llmlted Trusl•es' report (contlnued) lor th• y•ar •nd•d 31 Alarch 2021 Flnancial review The nei expenditLre for the yearwas £14.417. on ￿reStricted funds. Covid-19 The challeng8s of COVID have arisen in multiple forms" memb&rship Car￿ella110ns. ho￿ workiThJ, home schoolirvJ. utililies commitfTi8nts without usage, carKdled or ajapted events. limitations on th8 USUBI membership offering and more Dèspitè Ihis, staff havo pr8s88d on to ov8rcomo these in an array ofways. Regarding availability to existing FQtent￿I member5. Staff bew) uts"lising cmline calend￿9 lo en￿e others lo select availability. Events FMVOted (￿line. wth 9raat s￿cess. Face to fÈeè n8tirgs- when reStr￿lon$ permitted- Ch￿ to ouldoor walking me•ts"ngs. NgtworkiThJ moved online, with br8out rooms lo enable better 1-2-1 corKY15. Staff maintained good communication behYe8n on8 another (kning the most challengry periods of balarting work home-schctilire. In addition lo these measwes, the C￿viOuS pr8cauiions of hand &￿It1$er. fao masks and sooal dislarring have been adhered to dLwing any iTrperson conL. R•g•N•8 policy The ¢harily's free reserves, excluding fixed 8ss8ls, at lh8 yw eThJ wer8 £34,964 The Board recognises the need lo hokj charrtable as free re5erve5 In ￿ler to safèguard the Continuity of provision of swvices, to fund pericxjs of expendit￿ in ex¢ess of revwje.and to fund unexpected 8XP8ndilur8.The Board considers th a minimlxn ￿ the equivalerrt of six rronths. expenditure on operating costs sh￿Id be held free reserves. The reserves policy will b& r8viewed anwally by the Board. If at th8 date of apwoving the r8POrt and act¥Junt¥. there are ¢j￿ertaIntieS atK)ut the tharity5 ability to c￿lInU8 as a g(Mng conc8fn, th8 natur8 crf theso LfThtainties sfKwltJ bg oxplain9d. Future Plan STRATEGY DAY A strategy day was plarned fcff the st of 2021. but COVID-19 has wt a repeated pause on attempts to ￿ange this. A shorler, b1&￿d l¢Mline in person) strategy session has been planned for 2 July 2021. CRM.. During 20￿1, the Head of CommunicatKr+s Events researd￿d options for a CRM. This wa$ implemenled at the start of the 21r22 year. The 9)al is to ens￿8 all mwnber and stakeholder interactions all reso¢Jroe exchanges are maFP8d on the CRM. From this. we extr to ascertain ROI and overall impact. OIGITAL COMMS STRATEGY: The He&J of Comm$ & Events W Ic9e￿ a stratwJy at the sLgrt of 21122. Acts"ons from this are already undeThvay. INCOME DIVERSIFICATION STRATEGY. Tho MD gal￿d infmio f¢x this during tha first size months of 2021 A pl￿ for the next 2 years is undeThvay lo th8 thre8 Strands of tr￿ {m8mb&rship. grant funding and consultancyjoff-the-shelf services) we monitcfed and developed. This runs alorgside the aim lo (￿tain funding lo continue OLf 2 lQ"d(start positior. BUSINESS MEMBERSHIP". A new tier for businesses wlh an itKom8 of Lmd@r £1(Th is being I￿nthed in August 2021. This roeogniso$ th& inugasgd desire for neI4￿"ng aThl soryal value amongst this demcgraphic of business. GROW STAFF TEAM.. The aim is to drAtJle the staff lean. the MD'S 5UCC4S5fv1 wlicalion to the Kick8tart sttthie rorxuitmenl cl an OFwalions C(yJrdinalor C¢Nrms & Events Ca￿dinatOr in Jun• 2021.

Connect Readlng Llmlted Trusl••s' r•port (Gont•nued) for th• y•ar •ndod 31 March 2021 Statsment of trustses. responslbllltles Thè trustees (who are also th& directors for the pWFKI￿ of are resFJnsible for preparing the Trust88s r8POrt and the fin8nual s&￿eMen15 in ￿C(darte ￿ thg applicable law UK Accounting Standards. C￿￿panY law requires the trustees to prepare fin￿￿la1 aocwnts ￿ exh fin￿081 year whith give a true and fair view of the slate of affairs of the dwrt8ble conwiy and of irKoming resourrA5 and application of resources, including income expendrtwe. of ts charitable C¢Jrpany for the year. In pr8pariro these financial statements. Ihe trustees are required lo" select suitable accountirvJ policies aFWy them w￿Sten￿￿. obseThe the ￿thodS and winciples in the c￿lt￿ SORP: make Nidgements aTra estimates that are reasonable wutsnt" slate whether applicable UK ￿ntIng slwthrds have tan fOIkTh￿a, s￿"eCt to any matenal departures disclosed and explained in tr￿ finrtial staternents." prepare the accounts on a going concem basis ￿lesS it is inappromate to presume that the charrt)le cc￿panY will continue in owalion. The trustees are responsible for kèèping proper ￿%￿#￿ting r8cords which disclose vrith reasonable accuracy al 8ny time th8 fin￿¢￿1 w$ilion of ihe Charilable c£¥npany to enable them to ensure that the financi81 accounts comply wrth the Companies Aci 2LTh They we also responsible fcy salegwding the assets of th& tharity and h8nce for takiTrJ reasonatle steps for the prgvwrtion &¥J d8toction of fral￿ and other irregularities. This reFth ha$ bg•n kyowgd in aCcOrd￿ce with th8 Statemert of Recorrrfr￿ded Practice.. AceoJntiTrJ and Reporting by Charities (Charities SORP IFRS1021}, aml in with Ihe special provisions of the Companies Act 2CKE ￿lating 10 small cnmpanies. Si￿ed on béhalf of the board ￿ trustees.. Signed....................--- . (Trustee) Tracey Essery 2710712021

CHARITY COMMISSION FOR ENGLAND AND WALES * * Independent examinerfs report on the accounts Sectioii A Iridepei)dent Exaiiliiier s Report R•port to tho1Th8teosl m•mb•rs of Connecl Reading On accounts for the y•ar andod 31" March 2021 Gharlty no (11 any 11131 Sot out on pago5 Regpeth The charivs tNstees arn res[￿)￿ for the prO￿ration of the ac£ounts. r95ponslbilltlos of The charivs tru8tees consKler that an audit is required for this year tnigt•os and •xaMln•r under 3eelion 144 ￿ the Charities Ad 2011 (the Ctwies Act) that an indeperKlent examination 15 ne&J&l. It is my respOr￿1b7l ty to: ex￿1The the aUx￿nts mder sedwjn 145 rf the Charthe8 Act, to fouow the pro(%dures laKI d4y4m in the general Dite(K)ns given by the Charity Commisson (under wtion 145(5)(b) (A the Chalit￿S A+X, and to 31ate Wheth￿ partrcular matters have (¥)me to my attention. Basls of Indep8nd•nt My exa￿￿nal￿ was carried ¢xrt in &Xx)rdW￿ vith ger￿rnI Direclions gtven vxjmtherfs Statsmgnt by the Charity Commission. An e￿nination includes a review of the aceouniing records k8FI by th8 tharity and a cornpariÈon of the ￿lUnts presented those recordg. It also indud•s c(Y)sideration of any unusual items or disdosures in the ￿)unts, arKI seeking explanations from the tNees conceming sudi malters. The pr(Kedur8s undertaken do not provide all the evidenc8 that knrlukl bo requlred in an audit. and eonsequenty M opmion is given as to whether the ￿c￿nts present a and fairf vitr and the report is kn'mited to those matters get out in the Independent In conl￿alon ￿￿th my exanmnth. no ftmterial matters have c4)me to my •xamln•V8 8tat•m8nt 8tt0ntK￿ which gives m? txse to b8theve that in, any mat81ial rospe(.: the accounlr'ng reLX)rds wère nol kept in accordance with Section 130 ol the Charknes A¢ or the accounts ¢thd not ac£ord ith th8 acc￿ntInG records; or the aecounts did ncrt c)mply with the •pplica14e reqLkrem?nlg conceming the fThin and content of ac<•unts set out in the CharÉtie8 (Acrx)unts and Rewrts) Regulations 2008 other than any requirement th8t the 8e£ourts gNe a Yrue and far view is rK* a matter conshdered as part af an rthpeThlent examinatK)n. examination to thich attenlion shcyjld b8 drawn in this report in ￿der to 2P July 2021 Slgn•d: Name: Rthl Eden December 2017

Relevant professlonal qualification{s} or body Ilf any): ACMA (Charter&J In￿￿Ule crf MaiwJaiia Acxx)untarts) Addrus: H(Yy Brook A3sfyis. sp￿$. 9 Greyfviars Rowj, RG1 1 NU Sectioi) B Discloslire NONE December 2017

Connect Reading Limited Statement of Flnanclal Actlvltle5 (Includlng summary Incom• and •xp•ndltur• account) for th• y•ar end￿ 31 March 2021 2021 UrffÉstr￿1ed fuThJs 2021 ReStr￿ted funds 2021 Tot81 fwds 2020 Total funds Income from: Grants and dOnati￿S Membgrship income Events and activits.os Other ir￿0￿9 Bank interesl Total I￿AlMO lo.￿) 30.107 lo,￿ 30,107 5,$99 39,018 1CX) 325 47,031 325 47,031 46,317 Expendlture on: S818ri8s. Nl and P&n&on Rent Insurance end Utilities Travel and meeting expenses Staff training and recTUitmenl Trustee training and recTUitrnent Independont Examination Professional fees Print & design Cofflmunicalions - telephone and IT Equipment ccmsumables Othèr @xpanditura Evgnts aThJ prqeGts Charitabl& donatio Website Subscriptions ar¥J licer￿S Total exF￿HlIt￿￿e Net Income I l•xp•nditurn) Net movement In funds 39.5 5,899 39,592 S,899 322 41,540 2,147 1,254 164 654 321 250 321 250 21 2.624 2,624 939 1,997 1,328 43 9,OCXI 1,695 550 61,448 114.4171 114,4171 1,695 61,448 114.4171 (14,417) 49,205 (2,8681 (2,8881 Fund balances brought forward Fund balances canled forward 49.381 49,381 52,269 49,381 All incoming reswrces and resour¢¢$ OXFend&J ￿¥0 frThn u)ntir#JirvJ athvities.

Connect Readlng Llmlted Balance sheet as at 31 March 2021 2021 2021 2020 UrK8stnct8d R•strid8d Total Total Fixed assets Tangible assets Total flxed assets Curront assèts Debtors and prepaym8nts Cash al bank and in hand Total cvrrwrt assets 18,804 18,804 1,70e 53 229 54.937 15) 52.074 52,074 Currwbt IlablllfjeB: amourts falllng duè withln on• year Creditors and ac¢ruals Total Giiirent Ilabilitl•s 17,110 17,110 5.5 5,556 17,110 N•t curr•nl 488•ts I Illabllltlm) 49,381 Total assots loss current Ilabllltle 49.381 Net assets 49,381 Funds Unrestricted fiJnds ReslriGted funds Totsl funds 49,381 49.381 Fcrfthe yt4r•nthrvJ 31 March 2021 th• thwat4• corrVwu￿XéI￿d1ts frttm 4T1 ofthe Conyari¢sM 2LW6 law to smal ¢onK)arNes. 476 The t￿￿e$ a0 the dreLxors for th• of (xmwry ackr••w res￿￿51$ for c4mpPfflg*h thÈ FRS 102 lefftdke January 20191. The financial statements were approved by the bowd of tWs188s on Dale.. Signed.. rust￿) Name

Connect Readlng Limited Not•s to th• accounts for the year •nd•d 31 March 2021 1 Accountlng policies Basls of aecountiNJ These ac¢oLrts Aave been prep8r8d ￿Vj8r th8 historical cost rJ)rNakn ￿th rtems rgc<Jgnisod al cost or transaction value unless olherw5e staled in the relevant mtalsl to these atxounts. The financial 51alemenls have b88n prepared in accordarKe wth the Statartht of Reo)mm8nd8d PractiC8.' A￿UntIng and ReportirKJ by Charits'es rrfewng their &COLnts in ￿ffdar￿ with the Financial RaFx%1ing StWtrJard appli￿ble in the UK and Rewblic of Irelarmg (FRS 102) {effective 1 January 2019) and Iwth the Charities Acl 2011. The charity conslilutes a public be￿fit entity as defird by FRS 102. There has bean no Ch￿ge to the accounting ￿1CleS sirKe last Yfj￿. No ehangos have been made to the acc￿nts for Eyevi￿S years. Going concem The trustees are satisf￿tt that thwe no material urtwtainties abcwt lh8 chariws abilty to continue. Incoming resourGes With the excep8tion of Mem￿erShIp inL￿Me. inc4JmirvJ r8SOLYCeS are irduded in Stalemenl of Financial Activities ISOFAI when Ihe tharity beco￿ entrtled lo the resources, it is more likely than not that the trustees will receive the resources the value can be measured Iwth suffi'uent M8mb8rship income is acuued or deferred wfwe Ihe l￿ffle is received fcf a p8rKyJ whith is rw)t in accordance with ￿ charitys financial year. Gran18 and donatlon& Grants and danations are only irtluded in thè SOFA￿ ts (Jwty has unL￿dItiOnal ontitl8menl to thè r8sources. Where grants are related lo ￿rfl￿THa[￿e and spwfic delivwales, they are a¢xLwnlgd as t￿ charity eams thè nght to consKl8ralion by its per1￿manCe. Expendilure and liiliti Expendiluro is recognisod on * ac¢Jual basis as a liaility is inoJrrwJ. Liabililies are r8cognised ￿ere it is more likely than not that there is 8 legal or ccnslructive Obltgali¢￿ commilling the charity to pay out the r8sourc8s and th8 arr￿Int of the Obl￿￿'0n can be nxasured reasonable wlainty. Grants payable wlthout perfornmnce conthtions Where there are no umdrtiorts attaciro lo the granl that en￿eS the ctsrity to realistically avoid the commitmem, a liability f¢Y the lull fuTrJing rtiliga￿ Thst be reL¥w￿d. Taxatlon As a charty the ￿ganisatIon ben8fits from rates rel￿f ￿ is genorally exampt from incomè Lqx and capital gains tax fArt not from VAT. IrreC0ver￿le VAT is Ind￿&￿ in th• ojst of those Ilen￿ lo whith il relates. Tanglble fix•d as¥¢ts T8ngib58 fixed 8SS81s IxistirKJ mrTh th￿ £2,(m r4ilalis8d aryj 11K￿ud￿J al cost induding any incidental expenses of acquisition. Grfted agsets we 8t the value lo th8 charity Dn r8COlPt. D8preciation is provided on all lan9ible fixed assets al rates (£1￿lated to write off the c05t on a slr?ighl line b8sis over their 8xpeded us8fLJI 8c£Jnofflic lives as follows". Pri4￿￿ and Offi￿ 8qUiPm8nl' over S years CC￿pUter e(JJipménl.' over 3 yws

Connect Readlng Limited Notes to the a¢￿Ints lor the year ended 31 March 2021 1 Accouniing p￿1CleS contlnu8d Porbslons The charity operates a defined Contrit￿￿¢￿) Sd￿￿@ for of its enyloyees. The costs of contributions are rec4wi5ed in th8 V ttrw we payable. Fur￿ accountlng Unrgskn'cl8d furwjs are availabl8 for use * th8 dis<yetion of the trustees in f￿1h￿ance of the general obieetives of the charity. Re8trict8d funds arts 5thJ"ected to re5tr1clic￿S on their experKIrtWa by the thnor or tr￿OUgh the terms of app8al Further explanation d the naturo FxKrrt)se of fLKKI is i￿1￿jed in th& notes to acc￿nIS. Lea8e8 Rents under operating leasos are a straw line basis over Ihe lèasè terni <Y to an 8arli8r rjate if lease ￿ be determined fin￿al 10

Connect Reading Limited Not05 to tho accounts contlnu•d for the yoar ended 31 March 2021 2 Grants and donations 2021 2020 Total funds unrestn.cied Restricted Totsi funds Raading Borough Council Thames Water Icommunity Relief FurNJ) Sunory donations 2,500 lo,￿) 10,900 2021 2020 Gross salaries Social securty costs (net ￿ employwit allcr•8nc*l Pensions 38,150 39,299 662 1,579 41.540 1,442 39,592 The average number employees dLwir¥J Ihe year Wds 2 (2020.. 125). w8re no employees Wlth emoluments above £60.fAI0. Defified contribution pension schen 2020 Costs rrf lh8 $th8m8 lo th8 tharily year Amount of any corrtritMJtt"ons outstanding at year end Amount of any contributions wepaid at ts year end 1,442 1,579 238 4 Debtors and wepaymnts 2020 Debtors Prepayments and inc4Jme 17,330 18,804 1.708 S Cash at bank and in hand 2021 2020 Barclays Bank Cambridge arKI Co￿￿1eS 8ark 6,764 27,025 26.204 53.229 33.270 6 Crnditorn and accnwls 2021 2020 Accruals Deferred incJ)me PAYE 360 16,750 852 4.033 433 238 5,558 Pension control 17,110 11

Connect Readlng Limited Notes to the accounts contlnu lor the year ended 31 March 2021 7 Related party transacdor Truste• upnses NO Irust¢6 received any expenses this ￿(£7￿2 in lh8 previous yearl. Trust￿ r•mun•rntlon and b•n•fft• No truslee r￿1ved romunerati￿ or tenefit durry Ihi4 (K tho wevi(MJs year. R•mun•ratlon and benefits recelved by key nunagemwrt p•1￿￿) The k8y management personnel c the i• includ8 the tnjstees, m￿ag￿g Dir&￿￿ ¢d Head of Commurmcations and Events. The tot41 enwoyee berAffts rec8N•Y by ￿ kèy managèmont pOr￿nn#1 werg £42,432 (p￿vIouS year. £41,540> Oth•r R•lat•d Party Transacllons During th8 pravi￿￿8 y￿, Pa￿￿1 services ware wovvjed by BDO LLP Chri$ WW, a fomEr tru$lee and treasurer, was emFdoy8d. The rnnt (wged in the wevicmjs year aTh)unted lo £360. Thi5 arrang8menl c8888d at 31 2(r20, payrdl s¢rvKes were ￿nt IrFhouse, utilisng Payroll Softvare (Brighlpayi. 12

Connect Readlng Llmlted Slat•m•nt of Flnanclal Actlvltl•s Includlng comparatlves for all fvnds (Includlng summary Incomo and expendlturn account) for the year ended 31 March 2021 2(Y21 2Q20 2021 2020 Unrestncted Unrestricted Restrictod Restrict8d fvThJs fiJTYJs fiJnds 2Q21 Total fuThJs 2020 Total funds Income Grants and c*Jnations Monknership incimne Events activities Othef income Ba￿ Interest Total Incomo 10, 30,107 10.SY)O 30.107 5,599 100 325 47.031 39.018 39,018 325 47.031 333 46.317 333 46.317 Expendlture Salaries. Nl and Pension Rent Insuran￿ arKJ Utilities Travel and meeting expenses Staff training armj r8cwilmenl Trustee training and reCruitm￿tt Independenl ExarninatK Profèssional fg0S Pnnl & design Communications - lelethne and IT Equipment and consumables Other expenditure Events projects Grant funding Charitable donations Website Subscriplions and lic￿CeS Total &xpondituro Net income I lexpenditure) Net fflovofflmrt In furKIs 41.540 2,147 39.592 5.899 322 63 164 654 321 250 41,540 2,147 322 1.254 1,254 321 29) 2,624 939 2,624 65 939 1.997 1.328 1,997 1,328 43 1,695 550 S1.448 {14,4171 {14.4171 61,448 114,417) 114,417) 49.205 {2,8881 {2.8881 49,205 12,8881 12,8881 Fund balances broutht loThYard Fund l>alanees carried fofward 49,381 52,269 49.381 49.381 49,381