# 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 -----**<br>
£49.9k<br>**----- End of picture text -----**<br>


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 -----**<br>
40%<br>**----- End of picture text -----**<br>



**----- Start of picture text -----**<br>
3<br>GRANTS<br>ALMOST<br>100<br>**----- End of picture text -----**<br>


**BESPOKE TO EACH SECTOR** 


**----- Start of picture text -----**<br>
3<br>**----- End of picture text -----**<br>


**WITH DEMAND** 2 




**----- Start of picture text -----**<br>
£ £ £<br>**----- End of picture text -----**<br>








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 -----**<br>
£ £ £<br>**----- End of picture text -----**<br>







**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 $I￿n￿￿en the tses tsets￿n the ￿sIness, tt1ari￿e soctors in th8 ￿ea of b8n8fil and
adjoining areas and to raise aWarer￿sS. kr￿ledge Unders￿ing of th8 ne8ds of eath"
- lo provide a ￿ntr8 f(￿ infomialion exp*rtise wvj to a¥1 a5 an introd￿r lo w4ble support from the
business sector to comtrnnty and vOl￿tary groups:
- the doing of all SLM* other things as are In￿dental or C(*nd4￿ve to Ihe attainmerrt ot Ihese coj'ects or ary of
them.
The charfty8 main a¢tivitiOS
Our vision, mission and values have driven staff intèractions wth members and stakeholders over the last year.
Every Gonversalion and connection has been re-visited Ihrough the ffkqtrix of the question "How does this make
Reading a bgtter p13ce7'
Over Summer 2020. the MD mapped Connect Readir¥J's footprint, In term5 of strategic Impact In the town. This
helped lo pinpoint the need for Connect Reading's unique cros5-sector approach, enabling staff lo target areas
to focus operations.
P￿15¢ benefil 8tat8mw
In Setting obJèctiva$ 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￿Tr*I¢￿ 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 n*8tirgs- when reStr￿lon$ permitted- Ch￿ to ouldoor walking me•ts"ngs. NgtworkiThJ moved
online, with br8*out rooms lo enable better 1-2-1 cor**KY15. 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 infm*io 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 resF*Jnsible 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 t*an 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 Ctw*ies 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
tN*ees 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 A3sfyi*s. 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• thw*at4• corrVwu￿XéI￿d1ts frttm 4T1 ofthe Conyari¢sM 2LW6
law to smal ¢onK)arNes.
476 The t￿￿e$ a*0 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 defir*d 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 li*iliti
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 attac*iro 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 $I￿n￿￿en the tses tsets￿n the ￿sIness, tt1ari￿e soctors in th8 ￿ea of b8n8fil and
adjoining areas and to raise aWarer￿sS. kr￿ledge Unders￿ing of th8 ne8ds of eath"
- lo provide a ￿ntr8 f(￿ infomialion exp*rtise wvj to a¥1 a5 an introd￿r lo w4ble support from the
business sector to comtrnnty and vOl￿tary groups:
- the doing of all SLM* other things as are In￿dental or C(*nd4￿ve to Ihe attainmerrt ot Ihese coj'ects or ary of
them.
The charfty8 main a¢tivitiOS
Our vision, mission and values have driven staff intèractions wth members and stakeholders over the last year.
Every Gonversalion and connection has been re-visited Ihrough the ffkqtrix of the question "How does this make
Reading a bgtter p13ce7'
Over Summer 2020. the MD mapped Connect Readir¥J's footprint, In term5 of strategic Impact In the town. This
helped lo pinpoint the need for Connect Reading's unique cros5-sector approach, enabling staff lo target areas
to focus operations.
P￿15¢ benefil 8tat8mw
In Setting obJèctiva$ 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￿Tr*I¢￿ 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 n*8tirgs- when reStr￿lon$ permitted- Ch￿ to ouldoor walking me•ts"ngs. NgtworkiThJ moved
online, with br8*out rooms lo enable better 1-2-1 cor**KY15. 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 infm*io 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 resF*Jnsible 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 t*an 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 Ctw*ies 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
tN*ees 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 A3sfyi*s. 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• thw*at4• corrVwu￿XéI￿d1ts frttm 4T1 ofthe Conyari¢sM 2LW6
law to smal ¢onK)arNes.
476 The t￿￿e$ a*0 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 defir*d 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 li*iliti
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 attac*iro 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