**READIPOP ANNUAL REPORT 2020 - 2021** A summary of Readipop’s work from April 2020 to April 2021.
## **2020-2021 Readipop in a Pandemic Year CONTENTS**
**3 Who We Are**
**6 What We Do + Our Funders**
**11 The New Building**
**12 Our Impact and Reach**
**14 Our Finances**
## **15 Thanks**
**2**
## **WHO ARE WE**
## **About Us**
Established in 1998, Readipop is an innovative music and arts charity with a strong reputation for inspirational, engaging arts projects that make a positive difference in people’s lives. We are passionate about the power of music to communicate and bring people together. Our work celebrates our community and the joy of creativity as vital to a fulfilled life.
**“A first class example of ambition triumphing in the face of adversity.”**
- Terry Adams of Arts Council England commenting on Readipop’s new purchase.
**3**
## **WHO ARE WE**
## **Our Approach**
Our programmes are participant or artist led, focused on original work and help to improve confidence and opportunities for the people we work with. Sessions are musically inclusive, involving musicians of varying skill levels, and both social and musical diversity is celebrated. Across every programme and project we run, we always strive to develop musicianship and create positive change within individuals and groups. Readipop also aims to promote creativity, all whilst listening to and aiding individuals to find their own life paths or improve as musicians.
Though Readipop reaches people of many different backgrounds in Reading and the Thames Valley, our focus is always on targeting places where need is greatest. For this reason, we prioritise the needs of marginalised peoples and communities, and others facing hardship in our local community when devising and running new programmes and projects.
From providing weekly interaction through our community bands, to being a young person’s sole place of interaction with education or engagement, Readipop always aims to facilitate ‘Music Changing Lives’.
**4**
OUR
APPROACH
## **WHAT WE DO**
## **A Year at Readipop**
April 2020 started very strangely, and got stranger still. Readipop studios had been closed since the 15th March, and the charity started April having just announced the postponement of its 5th Readipop Festival due to the Coronavirus pandemic. With all in-person sessions cancelled, two members of our core team put on full time furlough, and the country in a national lockdown, April brought a cruel start to this report year.
However, Readipop refused to stay idle over the following 12 months.
A month into lockdown, the team had already reinvented some of it’s most crucial work. Older participants were given support to access brand new virtual community band sessions and the organisation had re-established 1:1 sessions digitally with its most hard-to-reach young people.
By May, Readipop had reached even more of the community with video catch-ups and music-based discussion for AAA participants. New audiences of all ages and abilities found the charity through its Creative Lockdown campaign, getting musical from home via brand new video tutorials and creative resources. And as July approached, there were rumours that even the Festival could be re-invented for the new normal.
Virtual Readipop Festival 2020 celebrated the ‘lockdown spirit’ of all our participants and a music community deprived of venues and livelihoods. It brought together video performances from young rappers,
**6**
ukulele groups and other local talent, alongside the livestreamed delights of Musical Youth, Badly Drawn Boy and a Beardyman set which sampled the infamous tones of Broad Street’s long gone doughnut man.
Streamed from an empty looking Milford Rd, the event marked the final usage of Readipop’s home of many years and the beginning of a new chapter at 15 Trafford Rd.
With lots of heavy lifting, the new building grew into a usable space ready to restart in-person 1:1 work for November. COVID-19 had different plans, and after only one session, new regulations halted delivery once more. Restrictions stepped up further as we approached Christmastime, meaning our annual Hootenanny was also forced online.
However, Readipop still celebrated with its community. Bringing together audio tracks and home video recordings from almost 100 different participants and team members, a group cover of Shakin’ Stevens’ ‘Merry Christmas Everyone’ (ft. a Bob Marley interlude) was created, complete with music video.
Reminded from home of the huge array of people the charity supports, Readipop went into the new year even more determined to restart in-person work. By March it was decided the full team would finally come back from furlough and by the end of the month even better news arrived; Readipop had purchased its new building. This was a huge coup for the organisation and will give the charity stability and the chance to expand and develop new and existing projects for years to come.
2020-21 had shown Readipop the crucial civic role it has in Reading’s community more clearly than ever. As April 2021 began, in-person work commenced and the team regrouped to restart existing projects and meet new needs, with the aim to change even more lives through music.
**7**
## **WHAT WE DO**
## **Readipop Programmes 2020 - 2021**
The Coronavirus pandemic presented new challenges for Readipop, and enforced changes to our programme. This is included adapting existing provision, and creating new projects to help change lives through music:
**“I am now realising for the first time the healing** - Community band member **powers of music.”**
- Community band member during the pandemic.
**8**
## **ACCESS ALL AREAS**
## **‘AAA’ -**
## **ACCESS ALL AREAS**
Readipop’s AAA (Access All Areas) programme brings together a number of projects to engage and support young people and their music:
## **MUSIC BASED MENTORING**
These 1:1 sessions are for Reading’s most vulnerable young people. They are referred to us from pupil referral units, the young offenders service, schools specialising in special educational needs students and other children’s services. The sessions continued where possible throughout the pandemic via online sessions, as Readipop helped provide production software and equipment where needed. By the close of March 2021, the team were prepared and booking in face-to-face sessions to recommence in April 2021.
## **OPEN ACCESS SESSIONS**
Regular visitors to Readipop’s AAA Friday group sessions were invited instead to group video calls, where young people could discuss what they’d been up to, listening to and writing whilst stuck at home.
**“It’s made me feel like I have a family... with ties that even a pandemic** - AAA participant on Readipop’s online **cannot sever.”**
- AAA participant on Readipop’s online sessions during lockdown.
**9**
## **OTHER COMMUNITY WORK**
## **VIRTUAL READIPOP FESTIVAL**
With COVID-19 restrictions in full force and the in-person festival cancelled, Readipop instead hosted 4hrs of live-streamed music and entertainment; bringing together big names, local musicians and charity participants. The event attracted over 7386 views on a hot summer’s day.
## **COMMUNITY BANDS**
Readipop ran virtual sessions for its samba group Beatroots Bateria, Tankata Percussion, 60+ choir Moving On and Ukulele groups Tea and Jam (60+) and Small Strings (all ages), to help keep band members’ engaged, playing music and socialising whilst they were forced to isolate at home.
## **CREATIVE LOCKDOWN**
Set up to help people of all ages and abilities get creative virtually, readipop.co.uk/creativelockdown is a collection of free music tutorials, activities and other resources compiled to entertain, engage and educate people through the pandemic and beyond.
## **D&D ARTIST DEVELOPMENT PROGRAMME + RISER**
Readipop continued its Discovery & Development programme by mentoring artists via video calls, recording sessions, and promoting local acts with a brand new podcast series. Beyond this work, the wider local music community were surveyed and consulted on how the charity could help support them when Coronavirus restrictions lifted. Planning also began for a new record label, RISER, after a successful bid for project funding from Arts Council England. The project will benefit talented local artists from under-privileged and under-represented backgrounds to record and release new music.
**10**
## **THE NEW BUILDING**
Readipop started moving from its old premises at Milford Rd to Trafford Rd in summer 2020, with the old building becoming increasingly difficult to maintain and upkeep as a headquarters.
By spring 2021, the new digs had become a home. Supported by Big Issue Invest, Chris Bevington Foundation, The Earley Charity and Garfield Weston Foundation, Readipop had successfully purchased its new premises.
Owning the new space (which includes new office and meeting areas, rehearsal spaces and recording studios) will give Readipop greater capacity going into the future; helping the organisation to change even more lives through music.
**11**
## **OUR REACH + IMPACT**
**1 ZOOM PRO SUBSCRIPTION.**
**124 VIRTUAL COMMUNITY BAND SESSIONS.**
**19 YOUTH GROUP CATCH-UP SESSIONS.**
**22 1:1 MUSIC MENTORING SESSIONS.**
**2413 TOTAL SESSION ATTENDANCES.**
**41 OTHER ORGANISATIONS WORKED WITH.**
**143 CREATIVE LOCKDOWN VIDEOS.**
**23774 YOUTUBE VIEWS ON NEW VIDEO CONTENT.**
## **Social Media reach**
**484 (+305) Subscribers**
**Readipop: 6861 Followers**
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12
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**@Readipopcharity / @Readipopfestival: 3192 Followers**
**@Readipop: 3380 Followers**
## **OUR**
## **REACH + IMPACT**
**13**
## **FINANCES**
## **INCOME:**
**Donations and Legacies:** £477,330 **Charitable Activities:** £11,685 **Investment Income:** £24 **Other Income:** £53
**TOTAL INCOME:** £489,092
**EXPENDITURE:**
**Expenditure on charitable activities:** £305,858
**CHARITY FUNDS:**
**Restricted Funds:** £140,588 **Unrestricted Funds:** £54,578 **Total Charity Funds:** £195,166
**For Readipop’s full accounts, please head to the Charity Commission website and search for Readipop.**
**14**
## **THANK YOU!**
As we close off 2021, we would like to say a massive **thank you** to all those who have attended, performed, participated, collaborated with, supported, led or otherwise been involved with a Readipop event or project, or donated to our charity. Our work is only realised through grants and donations, and your generosity does not go unnoticed.
If you would like to further help Readipop and what we do, **please donate or become a Readipop friend here: readipop.co.uk/donate**
## **Our Funders**
We would like to thank the following organisations who helped us in the 2020 - 2021 financial year:
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Report photo credits:
James McCrory.
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**15**
**Readipop ofce@ 15 Traford Road readipop.co.uk Reading, RG1 8JP 0118 327 2442** readipop.co.uk
**Charity No.1123962 Company Ltd No: 4803838**
**16**
COMPANY REGISTRATION NUMBER: 04803838
CHARrrY REGISTRATION NUMBER: 1123962
Readipop Llmited
Company Limited by Guarantee
Unaudited Financial Statements
31 March 2021
Readipop Limited
Company Limited by Guarantee
Financial Staiemenis
Year ended 31 March 2021
Page
Trustees, annual report (incorporating the director's report)
Independent examiner's report to the trustees
Statement of financial activities {including income and
expenditure account)
Statement of financial position
Notes to the financial statements
12
14
Readlpop Llmlted
Company Llmited by Guarantee
Trust88s' Annual Report (Incorporating the Direeior's Report)
Year ended 31 March 2021
The trustees, who are also the directors for the purposes of company law, present their rewrt and the
unaudited flnanclal statements ol the charity lor the year ended 31 March 2021.
A¢hlovomen18 and performance
PROGRAMME OVERVIEW:
Work wlth Young People
Readipop's AAA (Access All Arèas) programm6 brings togelher a numbgr of projects lo engage and
support young people and theli music..
Mu81c Ba88d Montorlng.. 1..1 music sessions with experienced music mèntors.
'I've only been out ol my house for hall an hour this whole week.. this Is the only thing that gets m8
motivated 10 do anything.'_ L Ir8lerred by Outcom8s Focused Support Services)
.1 love this place, il's so cooll My anxiety has completely gone..
S Irelerred by 8righter Futures lor
Chlldrenl 'Wilhout you guy51 don't know where A would be" Par6nl
Get Startod wllh Mu•lc'. A one-we8k intensive muslc project tor young people aged 16-25 who are
NEET (not in education, employm8nl or training) organl$8d In partnership with The PrSne8's Trust.
"Irs Iov8ly to 888 that the young wople com8 first here..
Prfnce's Trust stall
Hollday workshop8: Open access workshops.
"You have a super way ol empowering the young poopl8 to hew them make declslons."
Care staff
Children In
On Acc088 Se••lon•: Evening workshops lor young Musicians Including live band workshops,
music production and studio work.
'Irs made me fe81 like I have lamlly, a talented, muslcal, 8UPPOrtive, inspiring, friendly, non-
judgemenlal, permanent lamily with roots and 118S that even a pandemic cannot sevèr..
Participant
.1 really like the sharing sessions where we share anythlng creatlve we have done recently. 11 helps my
confidence In playing in front ol other people - something l am vèry scared ofl" AAA participant
"I think il has been great to connect wth oth&r m8mbers of AAA and know what they have been up lo
and dolng. especially sinc8 we are not able to meet during th8 pandemic.. . AAA Partlclpant
.1 love belng here becausa I lust love making musi¢ and Rèadipop makes that posslble..
by Brighter Futures for Chlldr8nl
"He's been so al home at AeadSpop, in a way Ihal he NEVER was at School. Thank you all so much...
parent
A (referred
Readipop Limlted
Company Llmiled by Guarantee
Trustees, Annual Report (Incorporating the Dlrector's Report) (conllnuod)
Year ended 31 March 2021
Family Jarn.. A family music session fo", kids and adults lo experlence and learn to play together.
his is the best music activity lor kids that we've been lol. parent
Prlmary School Work8hop8: A var18ty of engaglng creative workshops for schools from hall-day
taster workshops 10 regular projects.
AAA was fuTrJed by Youth .Music, Children in Need, Berkshire Community Foundation, Andrew Lloyd
Webber Foundatlon and Prfnce's Trust.
T•lont Dov•lopm&nt
Readipop's D&D (Dlscovery & D8v8lopmenll prograrnme is a talent development, meniorSng and
netsvorking programme, supporting the artistic and prol&ssional development of young and emerglng
musicians.
Communlty Bond8
Our bands are led by experlenced, prolessional musicians who CTeal8 a lun, sociable space lo make
and play muslc together. Our projects afe open to beginners as well as more experienced player5. We
managed to suslaln out bar$ through covSd lockdowns.
Butroo18 Is Reading's community Samba drummlno group. 11 has b8en runnlng slnce 1996 and has
pertormed al many major 8vents and leslivals including WOMAD, The Thames Festival and th8
Olympi¢ Rowng during London 2012. Absolute beginners can join the band by taking part In a Samba
101 taster workshop.
Thank you tor keeping us united, lor creating the wonderful Beatrools Q-lunk project lor virtual
Readipop and for creating the space lor us all lo still play music together, have fun and stay
connected.. Bealrools Participant
'Mainlainlng a Connection lo som8lhlng non work related during lockdown (even of it was not 'in
persoll'l ha5 been a Ilf8 saver, otherwis8 my. life was almost 100Y. locus8d on JUST home-based
working (which was totally rubbish lor my mental heallhl..
Beatroots Partlclpanl
Movlng On Is a s¢xlablo slnglng group for people aged 60+. Th8 group meets every Monday al
midday In Soulhcote. ReadSng lo learn and slng vocal arrangemanls 0¢ classlc wpular songs Including
anything Irom your chlldho¢)d lo the present day.
"l arn enjoylng the sessions very much, il makes me feel l am st511 connected 10 other people and the
oulslde world. Derry makes the sessions interesting and lun. Il's Ihg hbghlight ol my week." Moving
On Partlclpant
"In thes8 W81rd days when one day runs Into each Dther, I really look forward to Mondays - It adds
structure lo my day, Ilfts my gplrils, gets the old endorphins golng and I laugh out loud al some of the
things Derry comos out wllh. I would really miss It il we had to stop. And b91ng on a Monday, il's a
really good way to start the week." Movlng On Partlcipant
'Irs given me contact with the outslde world whllst in lockdown and Isolatlng. And onè day of the week
a bil ol pre covid normality ol going to choir and slnging. And Ihrough Darry feellng conn8cled wlth
fellow members."
Movlng On Participant
Tho Small Strlng8 Is a ukulele projgct and entertaSnSng performing group with a varied repertoire of
popular songs. Sossions includ& rehearsing current songs, learning new ones and learning or
dev8loping playing and performance technique. We run Ukulele 101 workshops for absolut8 beginners
and short beginners courses at th8 start ol each terrn lo induct new players into the band.
"I've found the sessions bring a sense ol 'normalily' and structure to my week. l ollen struggle lo slop
working wlth the home set up but on Wednesday I will finish on tirnelishl and relaxl. The Small
Slrinos Partlcipanl
Readipop Limlted
Company Limited by Guarantee
Trustees, Annual Report (Incorporaiing the Director's Report) (¢ontlnued)
Year ended 31 March 2021
Tankata Percusslon18arn, develop and rehearse African rhythms played on a mix of traditional drums
and percussion including djembas and dun duns. 'Online Zoom drummlng sessSons wth Steve and
Tankala were a breath ol fresh air during lockdown. It was nice to see everyone online and unwind for
a lew hours each week." _ Tankala Participant
'The elassès have been a real hlghllghl durlng the drflicult times of ldoWn$ and the pandemlc.
Long may they conllnuel"_ Tankala Particlpant
Tea & Jam Is a 8oclable and lun ukul818 club almed at Wlnners and rusty musSclans aged 60+.
Weekly •-hOUr s8ssions are lèd by a vèry skSlled and hlghly patient musician and tutor..
'H8Ip8d lo boost my morale in these trying limes. Very much kjok forward lo Thursdays." _Tea & Jam
Partlclpanl
hursdals sesslons. qulte honestly in thls third lockdown hav8 been a 'lll8 saver,. l am now realising
lor the first tlme thé heallng powers of music, singing and taklng part In both..
Tea and Jam
Parlicipanl
ENVIRONMENTAL:
Readipop has an Envlronmental Pollcy and Acilon Plan, whlch are bjlh revlewed annually. Thls plan
drives our contlnued commilm8nl to anvlronmental sustslnabi1Siy in all ar6as of our activlly, including
the Readlpop offlce, our audlencas, mark81inglpubliclty, and events. Our reportlng shows that we are
malchSng Performing Arts Bullding benchmarks lor eleclrlclty use and less than half the amount ol
water. Our new premlses are much more energy efllcient, reducing our en8r9y usage slgnlflcanlly.
Fln8nclal rovlow
The current reserves policy 18 lo br8ak4v6n on an annuaf basis whilst growing thé company in
accordance with our business plan.
Totai funds at th8 year end was £11,932 of whlch restrfcted funds were £9,825 and unr6slrlct8d funds
were £2,107. The current reserves polbcy is to br8ak.8ven on an annuai basls whllst growlng the
company In accordance wlth our buslness plan.
Readipop Limited
Company Limi16d by Guarantee
Truslees, Annual Report (Incorporating the Director's Report) (oortlnuod)
Year ended 31 March 2021
Oblectlvos and actlvlties
About Aeadlpop
R8adipop Is a mu81c and arts charity based In Readlng.
Established in 1998, Readipop is an innovative music aThJ arts charity wlth a strong replrtalion lor
Inspirational, angaging arts projects that make a positiv8 diff8renee In people's lives. We ar8
passlonale about the power of music to communicate and bring peopl8 together. Our work Celebrates
our Gommunily and the joy of creativity as vital lo a fulfilled life.
Publlc Bénollt
In settlng our objectives and plannlng our actSvllies, we have given cargful consld8ratlon to the Charlty
Commisslon's general guidanc8 on publlc ben81it.
Obleet8
The oblectSves ol R8adlpop are..
To Promot8 the d8V8bpments of the arts, and In partlcular muslc, for the ben8llt ol th& local
community by..
lal provldSng sludlo space and facllllleg and
Ibl organising events and actlvllles.
To advance 8ducallon by promoting understanding and18arnlng about the creats've 18chnlcal
processes involv8d in th8 creatlon ol music and associated art foms, thereby developing artistlc
appreciallon.
MUSIC CHANGING LIVES.
Community projects
Community Bands.
Artist Development•
Readlpop Fesilval•
Events•
Workshops•
Support to othèr organlsatlons.,.
Readipop provide accèss lo muslc for vu1w1ab young people from hard-to-r8ach areas, includlng
young offenders. the long-lerm un8mployed, Spgclal Educational Needs students, Illdual5 from
pupil referral units, and those who ar8 not ab18 to access conventional education. Our music leaders
èmpower young peopl8 to learn and improve their muslc skills., helping them gain eonfldence in their
ehos6n area and achleve their own goals while improvSng their emotional and social wellbeing.
Alongside Ihls work, Readlpop run and support a number of community bands supporting all Reading's
communill8s, provide music education lo thousands ol schoolchildren, and a development programme
to help undgr-represenled local artists thriv8 in the rnusic industry. Our annual three-day music festival
al Christchurch Meadows, leattjring inl8rnationally renowned and local acts, alongside street tood, craft
beer and r8al ales plus workshops in music, arts & dance. The fesllval celebrates Reading's crealivily
and raises vital funds lor Readipop. The funds go towards the wort( Readipop carries out in the
community, bringing music to all with wot1(shops and inilialiv8s lor those und8rrepresenled in the arts.
Educallon prooramm88
Our organisatlon:
Readipop ha5 an exporienced board of trustees including professionals worklng within the communlty.
Readipop Llmlled
Company Limited by Guaranlee
Trustees. Annual Report (Incorporaling the Director's Report)
Year ended 31 March 2021
arts and music industriès. Flèadipop's foundèr, Gavin Lombos, won a PrKle 01 Readlng award lor hls
cultural contribution to the city. Readipop was establish8d in 1998 and is a music and arts charity
(company limited by guarantee and registered charity since 20081 based in Reading.
Readipop survived the pandemic and managed to relocate our studlo basa whllst ralslng the funds to
purchas8 th8 freehold of our n6w Readipop studios base in Trafford Road. In 2020 we ran vlrtual
leslival and began work on posl-pandemic events lo ready lo rèlaunch Readipop Festlval In 2022.
We have r8lained our stall team and freelancers and supported local artists lo access emergency
funding during lockdowns. We have shown our resi118n¢e and emerged from the pandemic rèady to
rebuild a resurgent R&adipop In a new home.
.1 have had th8 great pleasure ol Chairing the Readipop Board lor eight months and am pleased lo
have saen the stall team grow during this period ol lime. Given th& scopa, range and quality ol our
programme, I woukl Ilke lo congratulate our 8xcell8nl stall
on thelr combined achievements.
Despite the impact ol Covid, Readipop has grown from strength lo strength in the last year and our
new hom8 in Trallord Road will enable us lo lake things to an even higher level.
Chrls 8loomll8ld
R8adipop Chair
Readipop Llmlted
Company Limlted by Guaraniee
Trustees. Annual Report (Incorporating the Director's Report) (¢ontlnu•dJ
Year ended 31 March 2021
Rolerence and admlnistrntlve dotalls
Reglslered charlty nam8
Rgadlpop Umlted
Charlty r8g18tratlon numbor
1123962
Company reglslrolion number 04803838
Prlnclpal offSce ond reg18tor•d 15 Trafford Road
olllco
Aeading
Berkshire
RG1 WP
The Irustee8
Mr C Bloomfleld
Mr T J Gr8ave8
Mrs M G Maxwell
Mrs R P Wllllam8
Mrs A Cadogan
Mrs A Codliry
Mr P Crjllins
Mrs C Harper-ouflln
Mrg S Plowright
Company 9ocrnlary
Mr G L Lombos
Indopondont oxamlner
N J Cadwallad8r FCCA For and On Behalf of David Caowallader &
Co Limlled
Suite 3 Bignell Park Barns
CheiTrterto
Nr Bicester
Oxo
OX26 1 TO
Readipop Llmited
Company Llmlted by Guarantee
Trustees, Annual Report (Incorporating Ihe Director's Report) (eonthued)
Year ended 31 March 2021
Strueturè, governan and managemerrt
Governlng document
The organisation is a charitable company limited by guarantee and registered In England and Wales as
a charity on 6 May 2008. The name ol the charitable company as listed in th8 Regi8ler of Charitie5 IS
R8adipop.
Th8 charitable company is governed undbr MemorarKlum and Articlès of Association and was
incorporated on 19 June 2003.
The reolstered and prlncSpal address of the charlty Is Unlt 35, Mllford Road, Reading, Berkshire, RG1
8LG.
Recrultment and appolnlment ol naw Irustees
Thè procedurès lor retirement and appointmènt of trus188s ar8 dètailéd in th& Mèmorandum and
Articles of Association under which the charitable company is governed.
Inductlon and tralnlng of new trust5
New board members receive a role description delailino what Is expected of them.
Trustees are expected to att8nd a minimum ol 0 out ol the four board meellngs a year. Those
trustees who miss rnor8 than thr88 m88llngs may be required to r811r8.
Trustees are also &xp8c18d to d8vo18 Ilm8 to reading papers and preparlno for board me8tlnos. They
may also be 8xp8cl8d lo attend sub-committees or task groups, attend lundraislng and oih8r 8v8nt8
and undertake appropriate training and developrnent.
R18k M•nag8ment
The Irusle8s have a duly to Idenllty and revlew the rlsks lo whlch the charlty Ss exFK)sed and ensure
approprlate controls are In place lo provlde reasona8 assurance agalnst fraud and error.
Managemant
The board ol dlrectors meet four to slx tlmes a year lo oversee the runnlng of the charlty. The Creative
Dlrector and Exeoutlve Director manag& day-lo-day adminislrallon.
Kéy staff
Gavln Lombos - Co-founder and Creative Director
Amy Hoddèr - Executive Dirèctor
Louise Godfrey - Educatlon Programme Coordinator
Yusef Sacoor- Muslc Programme Coordlnator
Small company provl•lon•
This report has b8én prepared In accordance wlth the provislons appllcable to companlés 8n11118d to
the small companl8s exempllon.
Readipop Limited
Company Llmlted by Guarantee
Trustees, Annual Report (Incorporating the Director's Report) (¢onaTnu•dJ
Year ended 31 March 2021
The trustees. annual Fort was approved on 10 Decembgr 2021 and signed on behalf ol the board of
Mrs A Codling
Trustee
Readlpop Limited
Company Llmiied by Guarantee
Independent Examlner's Report to Ihe Trustees of Readipop Limlted
Year ended 31 March 2021
I report to the trusi8es on my examlnallon of the financial statements of Readipop Limilad I'lhe charlt¢l
lor the year ended 31 March 2021.
RegponJlbllltieB and ba818 of rnport
As th8 trustees ol the company land also its directors for the purFrf)ses of company lawl you are
responsible for thé preparation of the financial statem8nts in accordance with the requirements ol the
Companies Act 20061'th8 2006 Act'l.
Having satislied myself that the accounts of the company are not requifed lo be audited under Part 18
of the 2006 Act and are eligiblè lor Sndepenéenl examination, I report in respgct of my examination ol
the Charity's accounts as carded out under $8cllon 145 of th8 Charities Act 2011 I'lhe 2011 Acl'l. In
carrying out my examination I hav8 followed the Dlreclions glven by the Charlty Commisslon under
secllon 14515llbl of the 2011 Act.
Independonl examlner's •tatemont
Sincè th8 charlty's gross income exceeded £250,000 your examlnar must b8 a m8mb8r ol a body
listed in section 145 01 the 2011 Act. I conlirm that l am quallfied to undertake th8 8xamlnatlon
because l am a member ol the Associatlon ol Chartered Certified Accountants. whl¢h Is one of the
Ilsled bodies.
I have completed my examlnatlon. I conllfm that no matters have Come to my attentlon in connection
wlth the 8xamlnatSon glving m8 cause to b&lieve:
accounting records w8r8 not kept in re8P8cI of the charlly as requlred by s8cllon 386 of the
2006 Act,. or
the flnanclal slal8m8nts do not accord wllh those records- or
the Ilnancial statèments do not comply with the accountlng requlremenls of secllon 396 of
the 2006 Act other than any r8quirement that the accounts giv8 a Irue and fairf view which18
nol a maller con$lder8d as part of an independent examination., of
the financial slalements havè nol been prepared In accordanc8 wlth the methods and
principles ol the Statement of Recommended Practice for accounting and reporting by
charities applicable lo charlties pr8parlno their accounts In accordanc8 wllh the Flnancial
Reportlng Standard applicable in the UK arKI Rapubllc ol Ireland {FRS 1021.
Readipop Limited
Company Limiled by Guarantee
Independent Examlner's Report to the Trustees of Readipop Limited l¢onllnuodl
Year ended 31 March 2021
I have no concerns and have come across no oth8r matters in connection wth the examinatlon lo
accounts to b& reached.
N J Cadwallader FCCA
For and On Behalf of
David Cadwallader & Co Llmlled
Independent Examlner
Sulte 3 Bignell Park Barns
Chgsl8rton
Nr Blc8$ler
Oxon
OX26 1TD
li
10
Readipop Limited
Company Limited by Guarantee
Stalemenl ot Financial Activilies
(including income and expandlture account)
Year ended 31 March 2021
2021
Restricted
funds Totsl funds Total funds
2020
Unreslricled
fuThJs
Income and endowment•
Donations and legacles
Charitable activities
Investment income
Other income
223.875
11.685
24
53
253,455
477,330
11.685
24
53
210,891
187,331
2,106
400,328
Total Incomo
235,637
253,455
489,092
Expendlture
Expenditure on raislng funds..
Costs of other trading actSvilies
Exp8ndilure on charltable actlvltle8
Tot•1 oxpendlture
2,765
386,670
389,435
10,11
183,166
183,166
122,692
122,692
305,858
305,858
Nel Incom• ond nel movement In fund8
52,471
130,763
183,234
10,893
Reconclllatlon ol fund8
Total lund8 brought forward
Tot81 fund• carrfod fonmard
2,107
54,578
9,825
140,588
11.932
1,039
11,932
195,166
The stal8m8nt ol flnanclal actlvllles Includes all galn8 and losses re¢oani88d In the year.
All incorne and 8xpendltur8 darlve from conlnulng avItIes.
Tho notes on pages 14 to 23 fonn part ol these flngncl•l stalwn•nt8.
11
Readipop Limited
Company Limited by Guaraniee
Statement of Financial Posilion
31 March 2021
2021
2020
Flxed assets
Tangible fixed assets
16
274,190
7,329
Currenl a88ets
Debtors
Cash al bank arKJ In hand
17
14,241
134,872
149,113
56,862
15,425
72,287
Credllor8: amounts falllng duo wlthlrt onè yr
Net currenl •58•ts
18
109,550
67,684
4.603
39.563
Total a$MtB •8 currènt Ilabllltlo8
313,753
11,932
Crodltor8: amounts falllng duo after morn Ihan ono ye•r
Net a88etJ
19
118,587
195,166
11.932
Fund8 ol the charlty
Reslrlcled funds
Unrestrlcled funds
140,588
54,578
195,166
9.825
2.107
Total charlty lunda
21
11,932
For the year ending 31 March 2021 the charlly was ent4118d lo exemption from audlt und8r sectlon 477
of tha Companies Act 2006 relallng to small companies.
Dlreclors, r9SFiJnsibi1S1ies'.
The memb8rs have not required the company lo obtain an audll of tinanclal statements lor the
year In qu8slion In accordance with saction 476.
Thè dlr8Ctors acknowledge their rèsponsibililles for complying wlth the requlremenls ol th8 Act
wllh regp8cI to accounting records and the pr8paration ol financial statements.
These financial statements have been prepared in accordance wlth the provisions apICable lo
companies subject to the smdl MpanieS, regime.
The statement of financial position
continues on the following page.
Th• noto8 on pagos 14 to 23 lorrn wrt of these fin8n¢l•l $1otements.
12
Readipop Limited
Company Llmlted by Guaranteo
Statement of Financial Position (conllnuodj
31 March 2021
These fInancl statements were ap¥Jroved by the board of trust888 and authorised for Issue on 10
Dec8mb8r 2021, and ar8 sned on behalf of the board by:
Mrs A Codllng
Trustee
The noteg ¢n pag•$ 14 to 23 lorm of th88• financial statsm•nts.
13
Readipop Limited
Company Limited by Guarantee
Notes to the Financlal Stslements
Year ended 31 March 2021
General Inlormatlon
The charity is a public benefit entity and a private company Ilmited by guaiantee, regisl8ied in and
a registered charlty in England and Wales. The address of the registered office is 15 Trafford
Road, Readlng, Berkshlre, RG1 PJP.
Statèmént of compllancè
Thesè financial siaièmants have been prepared In compliance with FRS 102, The Flnanclal
Reporting Standard aFplicable in the UK and the Republlc ol Ireland,, the Statement ol
Recommended Practice applicable lo chaTltles preparing Ihelr accounts accordance with the
Financial Reporting Standard applicable in the UK and Republic ol Ireland IFRS 1021 Icharilles
SORP IFRS 10211 and the Companies Act 2006.
Aceountlng polleS•*
Basls of proparatlon
Th8 flnanclal statements hav8 b8en wepaièd on the historal cost basis, as mod11+8d by the
revaluallon ol c8rtaln Ilnanclal ass818 and liabilkles and investment properties m8a5ured at lalr
value through Inrome or expendliure.
The financial statements arè prepared in sterllng, which is th8 functional currèncy of the 8nlty.
Golng Concern
There are no materlal uncertainil8s about the charity's ablllty lo continue.
Judgement8 and key Bourca• ol o•tlm•tlon une•rtalnty
The preparallon ol the flnanclal statements requires manag8ment lo make Judgements,
estimates and assumptions that aflecl the amounts reported. The88 esllmales and ludg8m8nls
ar8 continually reviewod and are based on 8xperlenc8 and other factors, includlng expe¢lalions ol
luluffj events that are belleved lo be reasonable under the clrcum61an¢6s.
Fund accountlng
Unrestrieled funds are avallable tor use al the dlscrellon ol the trustees lo further any of th
charills purposes.
Designa18d funds aro Ljnreslricled funds earmarked by the Iru8tees lor PacUlar future project or
eommilment.
R8strlct8d funds are subjected to restrlcllons on theSr expendllure declared by the donor or
through the terms of an appeal, and fall Snto one of tsvo sub-classes.. reslrlcled income funds oi
endowmént funds.
14
Readipop Limited
Company Llmltad by Guarante8
Notes to the Flnancial Stst8m8nts (¢ontlnu•d)
Year ended 31 March 2021
Accounting polic1•8 {¢ontlnuvd)
Incomlng re8our¢os
All incoming resources are included in th& slalement ol linancial activities 8ntitl8ment has
passed to the charity., it is probable that th8 economic benefits associated with the transaction will
flow to the charity and the amount can b6 reliably measured. Th8 following specrlic policies are
applied lo particulai ca18gorie8 of income:
income from donallong or grants18 recognlsed when th8r& Is evidence of entitlement to the
glft, receipt Is probable and ils amount can bo measured rellably.
legacy Income Is r8cognlsed r8c8lpi is wobable and entlllement Is eslabllshed.
Income from donated goods is measured al the lalr value ol the goods un18SS thls Is
impractical to measure reliably, in which case the value is derived liom the cost lo the donor
or the eslimaled resale value. Donated facilities and services are rQgnised in the accounts
sthen received if the value can be rella1Y measured. No amounts are included lor the
contribution ol g&neral volunteers.
Income from contracts for the supply ol servlces is r8cognlsed with the dellvery ol the
contracted servicé. This is classi118d as unr8Strlcl8d funds unless ther8 is a contractual
requirem8nl lor It to be sp8nt on a partlcular purpose and relum8d If unsp8nt, in which case
it may be regard80 as restricted.
Re8ource8 expendod
Expenditure is recognis8d on an accruals basis as a liability is incurred. Expenditure includes any
VAT which cannot be tully iecovered, and is classified und&r headings of the slat8menl of
Ilnancial activities lo whSch It relat88'.
&xpendlluré on raising funds includes the c¢)sls of all fundralslng activlties, gvents, non-
charitable trading a¢tivitles, and the sale of donated goods.
expgndSlure on charltable aclivrties includes all costs Incurred by a charity in undertaklng
activities that further its charitable alms lor the beneflt of Its beneficlwies, includSng those
support Costs and costs relating to the governance of the charlty apportioned to charltable
activlties.
other expenditure Includes all expenditure that Is nelih8r related to ralsiNJ funds lor the
charlty nor part ol its 8xpendllure on charitable acllvities.
All costs are allocated to expendilure categories relleclino the use ol the resource. Direct c¢)sts
attrlbutable to a slngle acllvlty ar8 allocated dlrectly to that acllvity. Shared costs are apportloned
beeen the activities they contribute lo on a reasonable, jusliliable and consi51enl basis.
Tangible aMets
Tanglble assets are initially recorded at cost, and subsequently slated at oosl less any
accumulated depreciation and impairment losses. Any tangibl& assets carrled al revalued
amounts are recoided al th8 lair valuè at the date of revaluation lass any subsèqu8nt
accumLJlal8d depreciation arKI subsequent accumulated impairment Ioss8S.
15
Readlpop Limited
Company Limlted by Guarantee
Noies to the Flnanclal Ststemenls (conllnued)
Year ended 31 March 2021
Accountlng poll¢lgs (contlnu•d)
Tanglble assets {con11nl)
An incr8as8 in the carrwng amount ol an asset as a result ol a revaluation, is recognised In othgr
recognised galns and lose8S, unless it revgrs8s a charge for impairment that ha5 previously been
recognised as exp8ndilure within the statement ol financial acliviti8s. A decrease in the carrying
amount of an asset a5 a result ol revaluation, is recognisod in other recognised gains and losses,
except to which il olls8ls any previous revaluation gain, in which cas8 the loss is shown wlthin
other recogiiised gains and losses on the statement ol financial activlties.
Doprèciatlon
D8preclallon is calculated so as lo wrlle ofl the cost or valuatkjn ot an asset, less its residual
value, over the useful OnOMiC life ol that ass81 as follows:
Equipment
20% stralght Ilne
Impalrment ol Ilxed •s•ots
A rèvlow for Indlcalors of irnpalrmenl Is carrled out at each reporting date, wllh the recoverable
amount b&ing estimated where such Indicators exist. Where the carrying value exceeds the
coverable amount, the asset is impaired accordlngly. Prlor Impairments are also revlewed for
possiblè r8versal at each reFX)rting date.
For the purposes of ImpaSrmenl testing, when 11 Ss not wsslble lo esllmate the recov8rable
amount ol an Indlvldual ass81, an estimate Is made ol the recoverable amount ol the cash-
genèralino unbl to which the asset belong5. The cash-generatlng unll Is the smallest Idenliliable
group ol assets Ihat includes the asset and gen8rates cash Intlows that largely IrvJup¥rid¥iil vl Ili¥
cash inflows from other assets Dr groups of ass81S.
For Impairm8nl lesllng ot goodwlll, the gooofv4ill acqulred In a business comblnatlon Is, from the
acqulsilion date, allocated to each ol the cash-g8n8raling units that are expected to benefit from
the synergies ol the combination. irr8sp8cIiv8 ol whether other assets or liabilities of the charlty
are assigned lo thos8 units.
Financial In8trument8
A flnanclal asset or a finanelal liablllty is rec&Jnlsed only when the charlty b8com85 a party to the
contractual provlslons ol the instrument.
Basic flnancial instruments are initially recognised at the amount receivable or payable IncludSno
any rolaled transaction costs.
Current asselg and curr8ni liabili116s are subsequently measured at the cash or other
conslderatlon expected to b8 paid or recelved and dlscounled.
Debt instruments are subsequently moasured at amortised cost.
16
Readipop Limited
Company Limlted by Guarantee
Notes to the Flnanclal Statements (con11na)
Year ended 31 March 2021
Accounllng poli¢106 {conttnu•d)
Fln8nclal Inslruments (Wlllnth•d)
Where investments in sharés aré publicly traded or their fair value can OlheThvise be measured
reliably, the investment is subsequently measur8d al fair value with changes in lair valu8
recognis8d in income and exp8ndilure. All other such inv8Stm8nts are subsequently measured at
cost less impairment.
Other financlal InslrL*ments, including derlvailves, are inltlally recognis8d at falr Vu8, unless
paym8nt lor an asset is deferred beyond normal busln8s8 terms or financed al a rale ol Interest
that is not a mat*81 rate, in which case the asset is measured al the present valué of the future
payments discounted al a market rale of inter8St for a similar debt Instrument.
Olher linanclal instruments are subsequèntly m8asured at lair value, wlth any changes
recognlsed In the statement ol IlnancSal activi118s, with the exceptlon of hedging instruments in a
d8slgnat8d h8dglng relallonshlp.
Financial assets that ar8 m8asured at cost or amortised cost are revlew8d lor objectlve evld8nce
of impaimi8nl al the 8nd ol each reportlng date. It there is obj8ct1v8 evidenc8 of impalrment, an
impairment loss is rec¢)gnised under the approprlate heading In thè statement ol tlnancial
actlvi1185 in whlch the Inllial galn was r8cognls8d.
For all equlty instruments regardless of slgnillcance, and oihgr financial as88ts that ar8
Indlvfdually signllSoanl. these are assessed IndlvSdually lor Impalrmant. Other financial assèts are
either assessed Indlvldually or grouped on the basis of slmilar credll risk characlerislics.
Any reversals of Impalrment are recognised immedia181y, lo the extent that the r8varsal does not
r8suII in a carrying amount ol the financial asset that 8xceeds what thè carrwng amount would
have bgen had th8 impairm8nt not prevlously boon racognlsed.
0Ined contrlbutlon plans
Contrtbutlons to dellned contribullon plans are recognised as an expen98 In tha period In which
the related service is provided. Prepaid contributions are rectsanised as an asset lo the extent
that tho prepayment will lead to a reduction in future payments or a cash refund.
When conlributSons are not expected lo be settled wholty wlthln 12 months of the end ol the
reporting date in whlch the employees render the related s8rvlc8, the Ilablllly Is measured on a
dlscounled pr8s8nt value basls. The unwndlro of the discount Is recoonised as an expense In
Ihe period in which il arises.
Llmlted by guar8nleo
The charitabl8 company, not having a share capital, Is limlled by guarant88. Each members,
liability is limited to an amount not exce8ding £1 in the event ol the company being wound up.
17
Readipop Llmlted
Company Limited by Guarantee
Notes to the Financial statements (cOrtth)
Year ended 31 March 2021
Donaiions and legacies
UnreStrted
Funds
Restricted Total Funds
Funds
2021
Donatlons
Donations
640
Grants
Grants recèivabl
223,235
223,875
253,455
253,455
476,690
477,330
Unrastricled
Funds
Restrlcted Total Fund9
Funds
2020
Don•tSon8
Donallons
26,780
26,780
Grant8
Grants receivable
145,143
171,923
38,968
38,968
184,111
210,891
Charltable actlvltlo•
Unrestrlcted Totsl Fund• Unr8slrlc18d Total Funds
Funds
2021
Funds
2020
Workshops and pertormanc8
R8adlpop F&stlval
Hlre of Sludlo
6,790
6,790
42,241
129,025
16,065
42,241
129,025
18,065
4,895
4,895
11,685
11,685
187,331
187,331
Inv081mont Incomo
Unreslrlcted Total Fund8 Unreslrlcled Total Funds
Funds
2021
Funds
2020
Interest received
24
24
Oth8r Incom8
Unr8slricled Total Fund¥ Unrestricted Total Funds
Funds
2021
Funds
2020
Other income
53
53
2,106
2,106
18
Readipop Limited
Company Limited by Guarantee
Notes to the Flnanclal Statem8nlS (eonllnued)
Year ended 31 March 2021
Co818 ol othor tradlng o¢tlvltle6
Unrèstrictèd Tolal Funds Unrestricted Total Funds
Fundg
2021
Funds
2020
Costs of other trading aclivili
2,765
2,765
10. Expendlluie on charltable actlvltl•8 by lund ty
Unreslricled
Funds
Restricted Total Fund•
Funds
2021
Charitable actlvitl8S
Support costs
187,877
15.289
122,692
290,569
15,289
183,166
122,692
305,858
Unrestricted
Fun(ts
Restrlcled Total Funds
Funds
2020
Charitable aclivitle8
Support costs
349,828
8,523
26,199
2,120
376,027
10,643
358,351
28,319
386,670
11. Expondlturo on chorltoblo actlvltle8 by 8cllvlty typo
Activitles
undertaken
directly Support costs
Total lund8
2021
Total fund
2020
Charitable acilv+ties
Gov8rnan¢8 costs
290,569
290.569
15,289
305,858
376,027
10,643
386,670
15,289
15,289
290,569
12. Nèt incoma
Net incom8 Is stated after charglnWlcredOtlngl:
2021
2020
Depreclation ol tanolble flxed assets
4,937
3,681
13. Indepondant oxamlnatlon I8
2021
2020
Fees payable to the Independent examlner for-.
Independent examlnallon of Ihe Ilnancial slaiemants
1,500
1,440
19
Readipop Limited
Company Llmited by Guarantee
Notes to the Flnancial Slatements (eonllnued)
Year ended 31 March 2021
14. Stall ¢081$
The average head count of employees during the y8ar was 412020.. 51. The average number ol
tull-t1rn8 equivalent employees duriro the year is analysed as follows:
2021
2020
No.
Adminstratlon staff
No 8mployee received employe8 ben811is of more than £60,000 durlng the year12020'. Nill.
13. Truste• remunerallon and expgn3eS
There were no trusteès. expens8s paid for the year eThJed 31 March 2021 nor for the year ended
31 March 2020.
16. Tanglblo flxed a8gOts
Freehold
propety Equiprnent
Total
Coll
Al 1 April 2020
Aodltlons
Disposals
Al 31 March 2021
52,899
7,131
17781
59,252
52,899
272,131
17781
324,252
265,000
265,000
Depreclailon
Al 1 Aprll 2020
Charge lor the year
Dlsposals
31 Morch 2021
45,570
4,937
14451
50,062
45,570
4,937
14451
50,062
Carrylng amounl
Al 31 March 2021
265,000
9,190
7,329
274,190
7,329
At 31 March 2020
17. Debtorn
2020
Trade debtors
Prepayments and accrued incomg
Other debtors
2,215
41,744
12,903
56,862
4,741
9,500
14,241
Readipop Limited
Company Llmiied by Guarantee
Notes to the Financlal Statements (¢onWni*d)
Year ended 31 March 2021
18. Crnditor•: amounls falllng duo within one year
2021
2020
Bank loans and overdrafts
Trade credf(or8
Accruals and delerred income
Soclal security and other taxes
Other ci8dilors
10,653
58,457
34,384
2,410
3,491
13.949
44,644
4.924
676
109,550
67,684
19. Cred11018'. amounts falllng du• altèr mor• than onè yr
2021
2020
Bank loans and ov8rdraft8
118,587
Durlng the year th8 Charity 8nlered inlo a loan for £80,000 r8payable ovér 60 months al an
Interest rale o17Vo per annum.
The Chartty also look a bounce-back loan of £50,000 from HSBC bank.
20. Pen81oni •nd olhor po•1 r•tlremenl benollt8
D•lln•d contrlbutlon plans
Th8 amount recognised In Income or expendlture as an expense In rélatlon to dellned
conlribullon plans was £2,18912020: £1,873)
21. Analys18 ol ¢h•rltabl• fund•
Unrestrlclod lund8
At
1 April 2020
31 March 202
Income Expendliur8
General funds
2,107
235,637
1183.1661
54,578
At
31 March 202
Al
1 April 2019
Income Expendlture
Gen8ral funds
1.863
381,360
1361,1161
2,107
21
Readipop Limlted
Company Limited by Guarantee
Notes lo Ihe Financial Ststements (coniinued)
Year ended 31 March 2021
21. Analy$is of charltablo fund8 (willniwd)
Re8trlcted lund8
At
31 March 202
At
1 Aprll 2020
Income Expendllure
Youtli Music
Arts Council England
National Lottery
Earley Founclallon
Garfield Weston
CRF
ACE- Record Box
2,825
29,848
17,3601
25,313
7,OC
17,0001
110,657}
80,000
25,000
95,000
23,607
69,343
25.000
195,0001
12,6751
1122,6921
20,932
9,825
253,455
140,588
Al
31 Mah 202
Ai
1 Aprll 2019
Incom8 Expendlture
Youth MusSc
Arts Council ErrfJland
Nallonal Lottery
Earley Foundation
Garfield Weston
CRF
ACE . Record Box
{8411
17
29,848
126,1821
1171
12,1201
2,825
9,120
7,000
{824}
38,968
128,3191
9.825
Tho Charity had a number ol reslricl8d funds operating during the year. Th8 prlmary purpose for
the funding is shown below..
Youth Muglc
AAA programme to Feb 2022.
N8llonal Lotlery
Flel¢xation lo Trafford Road
Earl&y Charlty
Purchase ot Tralford Road
Garfl•ld Weston
PuTchas8 ol Trafford Road
CRF
Coronavirus Recovèry Fund to suslaln Aeadipop Festival
ACE
Flecord Box project to develop Riser muslc label 2021-22
Readipop Limited
Company Limited by Guarantse
Notes to the Flnanclal Statements {coniinii•d)
Year ended 31 March 2021
22. Analy818 ol net a8s8ls between funds
Unreslrlct8d
Funds
Restrict8d Tolal Fund•
Funds
2021
Tangibl8 Ilxed assets
Current agsets
Credltors lass than 1 year
No188•ets
273,846
8,869
1228,1371
54,578
344
140,244
274,190
149.113
1228.1371
195,166
140,588
Unrestricted
Funds
Restricted Total Funds
Funds
2020
Tangible fixed assets
Current assets
Creditors less than 1 year
6,741
63,050
167,6841
2,107
58B
9,237
7,329
72,287
167,6841
11,932
9,825
23
COMPANY REGISTRATION NUMBER: 04803838
CHARrrY REGISTRATION NUMBER: 1123962
Readipop Llmited
Company Limited by Guarantee
Unaudited Financial Statements
31 March 2021
Readipop Limited
Company Limited by Guarantee
Financial Staiemenis
Year ended 31 March 2021
Page
Trustees, annual report (incorporating the director's report)
Independent examiner's report to the trustees
Statement of financial activities {including income and
expenditure account)
Statement of financial position
Notes to the financial statements
12
14
Readlpop Llmlted
Company Llmited by Guarantee
Trust88s' Annual Report (Incorporating the Direeior's Report)
Year ended 31 March 2021
The trustees, who are also the directors for the purposes of company law, present their rewrt and the
unaudited flnanclal statements ol the charity lor the year ended 31 March 2021.
A¢hlovomen18 and performance
PROGRAMME OVERVIEW:
Work wlth Young People
Readipop's AAA (Access All Arèas) programm6 brings togelher a numbgr of projects lo engage and
support young people and theli music..
Mu81c Ba88d Montorlng.. 1..1 music sessions with experienced music mèntors.
'I've only been out ol my house for hall an hour this whole week.. this Is the only thing that gets m8
motivated 10 do anything.'_ L Ir8lerred by Outcom8s Focused Support Services)
.1 love this place, il's so cooll My anxiety has completely gone..
S Irelerred by 8righter Futures lor
Chlldrenl 'Wilhout you guy51 don't know where A would be" Par6nl
Get Startod wllh Mu•lc'. A one-we8k intensive muslc project tor young people aged 16-25 who are
NEET (not in education, employm8nl or training) organl$8d In partnership with The PrSne8's Trust.
"Irs Iov8ly to 888 that the young wople com8 first here..
Prfnce's Trust stall
Hollday workshop8: Open access workshops.
"You have a super way ol empowering the young poopl8 to hew them make declslons."
Care staff
Children In
On Acc088 Se••lon•: Evening workshops lor young Musicians Including live band workshops,
music production and studio work.
'Irs made me fe81 like I have lamlly, a talented, muslcal, 8UPPOrtive, inspiring, friendly, non-
judgemenlal, permanent lamily with roots and 118S that even a pandemic cannot sevèr..
Participant
.1 really like the sharing sessions where we share anythlng creatlve we have done recently. 11 helps my
confidence In playing in front ol other people - something l am vèry scared ofl" AAA participant
"I think il has been great to connect wth oth&r m8mbers of AAA and know what they have been up lo
and dolng. especially sinc8 we are not able to meet during th8 pandemic.. . AAA Partlclpant
.1 love belng here becausa I lust love making musi¢ and Rèadipop makes that posslble..
by Brighter Futures for Chlldr8nl
"He's been so al home at AeadSpop, in a way Ihal he NEVER was at School. Thank you all so much...
parent
A (referred
Readipop Limlted
Company Llmiled by Guarantee
Trustees, Annual Report (Incorporating the Dlrector's Report) (conllnuod)
Year ended 31 March 2021
Family Jarn.. A family music session fo", kids and adults lo experlence and learn to play together.
his is the best music activity lor kids that we've been lol. parent
Prlmary School Work8hop8: A var18ty of engaglng creative workshops for schools from hall-day
taster workshops 10 regular projects.
AAA was fuTrJed by Youth .Music, Children in Need, Berkshire Community Foundation, Andrew Lloyd
Webber Foundatlon and Prfnce's Trust.
T•lont Dov•lopm&nt
Readipop's D&D (Dlscovery & D8v8lopmenll prograrnme is a talent development, meniorSng and
netsvorking programme, supporting the artistic and prol&ssional development of young and emerglng
musicians.
Communlty Bond8
Our bands are led by experlenced, prolessional musicians who CTeal8 a lun, sociable space lo make
and play muslc together. Our projects afe open to beginners as well as more experienced player5. We
managed to suslaln out bar$ through covSd lockdowns.
Butroo18 Is Reading's community Samba drummlno group. 11 has b8en runnlng slnce 1996 and has
pertormed al many major 8vents and leslivals including WOMAD, The Thames Festival and th8
Olympi¢ Rowng during London 2012. Absolute beginners can join the band by taking part In a Samba
101 taster workshop.
Thank you tor keeping us united, lor creating the wonderful Beatrools Q-lunk project lor virtual
Readipop and for creating the space lor us all lo still play music together, have fun and stay
connected.. Bealrools Participant
'Mainlainlng a Connection lo som8lhlng non work related during lockdown (even of it was not 'in
persoll'l ha5 been a Ilf8 saver, otherwis8 my. life was almost 100Y. locus8d on JUST home-based
working (which was totally rubbish lor my mental heallhl..
Beatroots Partlclpanl
Movlng On Is a s¢xlablo slnglng group for people aged 60+. Th8 group meets every Monday al
midday In Soulhcote. ReadSng lo learn and slng vocal arrangemanls 0¢ classlc wpular songs Including
anything Irom your chlldho¢)d lo the present day.
"l arn enjoylng the sessions very much, il makes me feel l am st511 connected 10 other people and the
oulslde world. Derry makes the sessions interesting and lun. Il's Ihg hbghlight ol my week." Moving
On Partlclpant
"In thes8 W81rd days when one day runs Into each Dther, I really look forward to Mondays - It adds
structure lo my day, Ilfts my gplrils, gets the old endorphins golng and I laugh out loud al some of the
things Derry comos out wllh. I would really miss It il we had to stop. And b91ng on a Monday, il's a
really good way to start the week." Movlng On Partlcipant
'Irs given me contact with the outslde world whllst in lockdown and Isolatlng. And onè day of the week
a bil ol pre covid normality ol going to choir and slnging. And Ihrough Darry feellng conn8cled wlth
fellow members."
Movlng On Participant
Tho Small Strlng8 Is a ukulele projgct and entertaSnSng performing group with a varied repertoire of
popular songs. Sossions includ& rehearsing current songs, learning new ones and learning or
dev8loping playing and performance technique. We run Ukulele 101 workshops for absolut8 beginners
and short beginners courses at th8 start ol each terrn lo induct new players into the band.
"I've found the sessions bring a sense ol 'normalily' and structure to my week. l ollen struggle lo slop
working wlth the home set up but on Wednesday I will finish on tirnelishl and relaxl. The Small
Slrinos Partlcipanl
Readipop Limlted
Company Limited by Guarantee
Trustees, Annual Report (Incorporaiing the Director's Report) (¢ontlnued)
Year ended 31 March 2021
Tankata Percusslon18arn, develop and rehearse African rhythms played on a mix of traditional drums
and percussion including djembas and dun duns. 'Online Zoom drummlng sessSons wth Steve and
Tankala were a breath ol fresh air during lockdown. It was nice to see everyone online and unwind for
a lew hours each week." _ Tankala Participant
'The elassès have been a real hlghllghl durlng the drflicult times of ldoWn$ and the pandemlc.
Long may they conllnuel"_ Tankala Particlpant
Tea & Jam Is a 8oclable and lun ukul818 club almed at Wlnners and rusty musSclans aged 60+.
Weekly •-hOUr s8ssions are lèd by a vèry skSlled and hlghly patient musician and tutor..
'H8Ip8d lo boost my morale in these trying limes. Very much kjok forward lo Thursdays." _Tea & Jam
Partlclpanl
hursdals sesslons. qulte honestly in thls third lockdown hav8 been a 'lll8 saver,. l am now realising
lor the first tlme thé heallng powers of music, singing and taklng part In both..
Tea and Jam
Parlicipanl
ENVIRONMENTAL:
Readipop has an Envlronmental Pollcy and Acilon Plan, whlch are bjlh revlewed annually. Thls plan
drives our contlnued commilm8nl to anvlronmental sustslnabi1Siy in all ar6as of our activlly, including
the Readlpop offlce, our audlencas, mark81inglpubliclty, and events. Our reportlng shows that we are
malchSng Performing Arts Bullding benchmarks lor eleclrlclty use and less than half the amount ol
water. Our new premlses are much more energy efllcient, reducing our en8r9y usage slgnlflcanlly.
Fln8nclal rovlow
The current reserves policy 18 lo br8ak4v6n on an annuaf basis whilst growing thé company in
accordance with our business plan.
Totai funds at th8 year end was £11,932 of whlch restrfcted funds were £9,825 and unr6slrlct8d funds
were £2,107. The current reserves polbcy is to br8ak.8ven on an annuai basls whllst growlng the
company In accordance wlth our buslness plan.
Readipop Limited
Company Limi16d by Guarantee
Truslees, Annual Report (Incorporating the Director's Report) (oortlnuod)
Year ended 31 March 2021
Oblectlvos and actlvlties
About Aeadlpop
R8adipop Is a mu81c and arts charity based In Readlng.
Established in 1998, Readipop is an innovative music aThJ arts charity wlth a strong replrtalion lor
Inspirational, angaging arts projects that make a positiv8 diff8renee In people's lives. We ar8
passlonale about the power of music to communicate and bring peopl8 together. Our work Celebrates
our Gommunily and the joy of creativity as vital lo a fulfilled life.
Publlc Bénollt
In settlng our objectives and plannlng our actSvllies, we have given cargful consld8ratlon to the Charlty
Commisslon's general guidanc8 on publlc ben81it.
Obleet8
The oblectSves ol R8adlpop are..
To Promot8 the d8V8bpments of the arts, and In partlcular muslc, for the ben8llt ol th& local
community by..
lal provldSng sludlo space and facllllleg and
Ibl organising events and actlvllles.
To advance 8ducallon by promoting understanding and18arnlng about the creats've 18chnlcal
processes involv8d in th8 creatlon ol music and associated art foms, thereby developing artistlc
appreciallon.
MUSIC CHANGING LIVES.
Community projects
Community Bands.
Artist Development•
Readlpop Fesilval•
Events•
Workshops•
Support to othèr organlsatlons.,.
Readipop provide accèss lo muslc for vu1w1ab young people from hard-to-r8ach areas, includlng
young offenders. the long-lerm un8mployed, Spgclal Educational Needs students, Illdual5 from
pupil referral units, and those who ar8 not ab18 to access conventional education. Our music leaders
èmpower young peopl8 to learn and improve their muslc skills., helping them gain eonfldence in their
ehos6n area and achleve their own goals while improvSng their emotional and social wellbeing.
Alongside Ihls work, Readlpop run and support a number of community bands supporting all Reading's
communill8s, provide music education lo thousands ol schoolchildren, and a development programme
to help undgr-represenled local artists thriv8 in the rnusic industry. Our annual three-day music festival
al Christchurch Meadows, leattjring inl8rnationally renowned and local acts, alongside street tood, craft
beer and r8al ales plus workshops in music, arts & dance. The fesllval celebrates Reading's crealivily
and raises vital funds lor Readipop. The funds go towards the wort( Readipop carries out in the
community, bringing music to all with wot1(shops and inilialiv8s lor those und8rrepresenled in the arts.
Educallon prooramm88
Our organisatlon:
Readipop ha5 an exporienced board of trustees including professionals worklng within the communlty.
Readipop Llmlled
Company Limited by Guaranlee
Trustees. Annual Report (Incorporaling the Director's Report)
Year ended 31 March 2021
arts and music industriès. Flèadipop's foundèr, Gavin Lombos, won a PrKle 01 Readlng award lor hls
cultural contribution to the city. Readipop was establish8d in 1998 and is a music and arts charity
(company limited by guarantee and registered charity since 20081 based in Reading.
Readipop survived the pandemic and managed to relocate our studlo basa whllst ralslng the funds to
purchas8 th8 freehold of our n6w Readipop studios base in Trafford Road. In 2020 we ran vlrtual
leslival and began work on posl-pandemic events lo ready lo rèlaunch Readipop Festlval In 2022.
We have r8lained our stall team and freelancers and supported local artists lo access emergency
funding during lockdowns. We have shown our resi118n¢e and emerged from the pandemic rèady to
rebuild a resurgent R&adipop In a new home.
.1 have had th8 great pleasure ol Chairing the Readipop Board lor eight months and am pleased lo
have saen the stall team grow during this period ol lime. Given th& scopa, range and quality ol our
programme, I woukl Ilke lo congratulate our 8xcell8nl stall
on thelr combined achievements.
Despite the impact ol Covid, Readipop has grown from strength lo strength in the last year and our
new hom8 in Trallord Road will enable us lo lake things to an even higher level.
Chrls 8loomll8ld
R8adipop Chair
Readipop Llmlted
Company Limlted by Guaraniee
Trustees. Annual Report (Incorporating the Director's Report) (¢ontlnu•dJ
Year ended 31 March 2021
Rolerence and admlnistrntlve dotalls
Reglslered charlty nam8
Rgadlpop Umlted
Charlty r8g18tratlon numbor
1123962
Company reglslrolion number 04803838
Prlnclpal offSce ond reg18tor•d 15 Trafford Road
olllco
Aeading
Berkshire
RG1 WP
The Irustee8
Mr C Bloomfleld
Mr T J Gr8ave8
Mrs M G Maxwell
Mrs R P Wllllam8
Mrs A Cadogan
Mrs A Codliry
Mr P Crjllins
Mrs C Harper-ouflln
Mrg S Plowright
Company 9ocrnlary
Mr G L Lombos
Indopondont oxamlner
N J Cadwallad8r FCCA For and On Behalf of David Caowallader &
Co Limlled
Suite 3 Bignell Park Barns
CheiTrterto
Nr Bicester
Oxo
OX26 1 TO
Readipop Llmited
Company Llmlted by Guarantee
Trustees, Annual Report (Incorporating Ihe Director's Report) (eonthued)
Year ended 31 March 2021
Strueturè, governan and managemerrt
Governlng document
The organisation is a charitable company limited by guarantee and registered In England and Wales as
a charity on 6 May 2008. The name ol the charitable company as listed in th8 Regi8ler of Charitie5 IS
R8adipop.
Th8 charitable company is governed undbr MemorarKlum and Articlès of Association and was
incorporated on 19 June 2003.
The reolstered and prlncSpal address of the charlty Is Unlt 35, Mllford Road, Reading, Berkshire, RG1
8LG.
Recrultment and appolnlment ol naw Irustees
Thè procedurès lor retirement and appointmènt of trus188s ar8 dètailéd in th& Mèmorandum and
Articles of Association under which the charitable company is governed.
Inductlon and tralnlng of new trust5
New board members receive a role description delailino what Is expected of them.
Trustees are expected to att8nd a minimum ol 0 out ol the four board meellngs a year. Those
trustees who miss rnor8 than thr88 m88llngs may be required to r811r8.
Trustees are also &xp8c18d to d8vo18 Ilm8 to reading papers and preparlno for board me8tlnos. They
may also be 8xp8cl8d lo attend sub-committees or task groups, attend lundraislng and oih8r 8v8nt8
and undertake appropriate training and developrnent.
R18k M•nag8ment
The Irusle8s have a duly to Idenllty and revlew the rlsks lo whlch the charlty Ss exFK)sed and ensure
approprlate controls are In place lo provlde reasona8 assurance agalnst fraud and error.
Managemant
The board ol dlrectors meet four to slx tlmes a year lo oversee the runnlng of the charlty. The Creative
Dlrector and Exeoutlve Director manag& day-lo-day adminislrallon.
Kéy staff
Gavln Lombos - Co-founder and Creative Director
Amy Hoddèr - Executive Dirèctor
Louise Godfrey - Educatlon Programme Coordinator
Yusef Sacoor- Muslc Programme Coordlnator
Small company provl•lon•
This report has b8én prepared In accordance wlth the provislons appllcable to companlés 8n11118d to
the small companl8s exempllon.
Readipop Limited
Company Llmlted by Guarantee
Trustees, Annual Report (Incorporating the Director's Report) (¢onaTnu•dJ
Year ended 31 March 2021
The trustees. annual Fort was approved on 10 Decembgr 2021 and signed on behalf ol the board of
Mrs A Codling
Trustee
Readlpop Limited
Company Llmiied by Guarantee
Independent Examlner's Report to Ihe Trustees of Readipop Limlted
Year ended 31 March 2021
I report to the trusi8es on my examlnallon of the financial statements of Readipop Limilad I'lhe charlt¢l
lor the year ended 31 March 2021.
RegponJlbllltieB and ba818 of rnport
As th8 trustees ol the company land also its directors for the purFrf)ses of company lawl you are
responsible for thé preparation of the financial statem8nts in accordance with the requirements ol the
Companies Act 20061'th8 2006 Act'l.
Having satislied myself that the accounts of the company are not requifed lo be audited under Part 18
of the 2006 Act and are eligiblè lor Sndepenéenl examination, I report in respgct of my examination ol
the Charity's accounts as carded out under $8cllon 145 of th8 Charities Act 2011 I'lhe 2011 Acl'l. In
carrying out my examination I hav8 followed the Dlreclions glven by the Charlty Commisslon under
secllon 14515llbl of the 2011 Act.
Independonl examlner's •tatemont
Sincè th8 charlty's gross income exceeded £250,000 your examlnar must b8 a m8mb8r ol a body
listed in section 145 01 the 2011 Act. I conlirm that l am quallfied to undertake th8 8xamlnatlon
because l am a member ol the Associatlon ol Chartered Certified Accountants. whl¢h Is one of the
Ilsled bodies.
I have completed my examlnatlon. I conllfm that no matters have Come to my attentlon in connection
wlth the 8xamlnatSon glving m8 cause to b&lieve:
accounting records w8r8 not kept in re8P8cI of the charlly as requlred by s8cllon 386 of the
2006 Act,. or
the flnanclal slal8m8nts do not accord wllh those records- or
the Ilnancial statèments do not comply with the accountlng requlremenls of secllon 396 of
the 2006 Act other than any r8quirement that the accounts giv8 a Irue and fairf view which18
nol a maller con$lder8d as part of an independent examination., of
the financial slalements havè nol been prepared In accordanc8 wlth the methods and
principles ol the Statement of Recommended Practice for accounting and reporting by
charities applicable lo charlties pr8parlno their accounts In accordanc8 wllh the Flnancial
Reportlng Standard applicable in the UK arKI Rapubllc ol Ireland {FRS 1021.
Readipop Limited
Company Limiled by Guarantee
Independent Examlner's Report to the Trustees of Readipop Limited l¢onllnuodl
Year ended 31 March 2021
I have no concerns and have come across no oth8r matters in connection wth the examinatlon lo
accounts to b& reached.
N J Cadwallader FCCA
For and On Behalf of
David Cadwallader & Co Llmlled
Independent Examlner
Sulte 3 Bignell Park Barns
Chgsl8rton
Nr Blc8$ler
Oxon
OX26 1TD
li
10
Readipop Limited
Company Limited by Guarantee
Stalemenl ot Financial Activilies
(including income and expandlture account)
Year ended 31 March 2021
2021
Restricted
funds Totsl funds Total funds
2020
Unreslricled
fuThJs
Income and endowment•
Donations and legacles
Charitable activities
Investment income
Other income
223.875
11.685
24
53
253,455
477,330
11.685
24
53
210,891
187,331
2,106
400,328
Total Incomo
235,637
253,455
489,092
Expendlture
Expenditure on raislng funds..
Costs of other trading actSvilies
Exp8ndilure on charltable actlvltle8
Tot•1 oxpendlture
2,765
386,670
389,435
10,11
183,166
183,166
122,692
122,692
305,858
305,858
Nel Incom• ond nel movement In fund8
52,471
130,763
183,234
10,893
Reconclllatlon ol fund8
Total lund8 brought forward
Tot81 fund• carrfod fonmard
2,107
54,578
9,825
140,588
11.932
1,039
11,932
195,166
The stal8m8nt ol flnanclal actlvllles Includes all galn8 and losses re¢oani88d In the year.
All incorne and 8xpendltur8 darlve from conlnulng avItIes.
Tho notes on pages 14 to 23 fonn part ol these flngncl•l stalwn•nt8.
11
Readipop Limited
Company Limited by Guaraniee
Statement of Financial Posilion
31 March 2021
2021
2020
Flxed assets
Tangible fixed assets
16
274,190
7,329
Currenl a88ets
Debtors
Cash al bank arKJ In hand
17
14,241
134,872
149,113
56,862
15,425
72,287
Credllor8: amounts falllng duo wlthlrt onè yr
Net currenl •58•ts
18
109,550
67,684
4.603
39.563
Total a$MtB •8 currènt Ilabllltlo8
313,753
11,932
Crodltor8: amounts falllng duo after morn Ihan ono ye•r
Net a88etJ
19
118,587
195,166
11.932
Fund8 ol the charlty
Reslrlcled funds
Unrestrlcled funds
140,588
54,578
195,166
9.825
2.107
Total charlty lunda
21
11,932
For the year ending 31 March 2021 the charlly was ent4118d lo exemption from audlt und8r sectlon 477
of tha Companies Act 2006 relallng to small companies.
Dlreclors, r9SFiJnsibi1S1ies'.
The memb8rs have not required the company lo obtain an audll of tinanclal statements lor the
year In qu8slion In accordance with saction 476.
Thè dlr8Ctors acknowledge their rèsponsibililles for complying wlth the requlremenls ol th8 Act
wllh regp8cI to accounting records and the pr8paration ol financial statements.
These financial statements have been prepared in accordance wlth the provisions apICable lo
companies subject to the smdl MpanieS, regime.
The statement of financial position
continues on the following page.
Th• noto8 on pagos 14 to 23 lorrn wrt of these fin8n¢l•l $1otements.
12
Readipop Limited
Company Llmlted by Guaranteo
Statement of Financial Position (conllnuodj
31 March 2021
These fInancl statements were ap¥Jroved by the board of trust888 and authorised for Issue on 10
Dec8mb8r 2021, and ar8 sned on behalf of the board by:
Mrs A Codllng
Trustee
The noteg ¢n pag•$ 14 to 23 lorm of th88• financial statsm•nts.
13
Readipop Limited
Company Limited by Guarantee
Notes to the Financlal Stslements
Year ended 31 March 2021
General Inlormatlon
The charity is a public benefit entity and a private company Ilmited by guaiantee, regisl8ied in and
a registered charlty in England and Wales. The address of the registered office is 15 Trafford
Road, Readlng, Berkshlre, RG1 PJP.
Statèmént of compllancè
Thesè financial siaièmants have been prepared In compliance with FRS 102, The Flnanclal
Reporting Standard aFplicable in the UK and the Republlc ol Ireland,, the Statement ol
Recommended Practice applicable lo chaTltles preparing Ihelr accounts accordance with the
Financial Reporting Standard applicable in the UK and Republic ol Ireland IFRS 1021 Icharilles
SORP IFRS 10211 and the Companies Act 2006.
Aceountlng polleS•*
Basls of proparatlon
Th8 flnanclal statements hav8 b8en wepaièd on the historal cost basis, as mod11+8d by the
revaluallon ol c8rtaln Ilnanclal ass818 and liabilkles and investment properties m8a5ured at lalr
value through Inrome or expendliure.
The financial statements arè prepared in sterllng, which is th8 functional currèncy of the 8nlty.
Golng Concern
There are no materlal uncertainil8s about the charity's ablllty lo continue.
Judgement8 and key Bourca• ol o•tlm•tlon une•rtalnty
The preparallon ol the flnanclal statements requires manag8ment lo make Judgements,
estimates and assumptions that aflecl the amounts reported. The88 esllmales and ludg8m8nls
ar8 continually reviewod and are based on 8xperlenc8 and other factors, includlng expe¢lalions ol
luluffj events that are belleved lo be reasonable under the clrcum61an¢6s.
Fund accountlng
Unrestrieled funds are avallable tor use al the dlscrellon ol the trustees lo further any of th
charills purposes.
Designa18d funds aro Ljnreslricled funds earmarked by the Iru8tees lor PacUlar future project or
eommilment.
R8strlct8d funds are subjected to restrlcllons on theSr expendllure declared by the donor or
through the terms of an appeal, and fall Snto one of tsvo sub-classes.. reslrlcled income funds oi
endowmént funds.
14
Readipop Limited
Company Llmltad by Guarante8
Notes to the Flnancial Stst8m8nts (¢ontlnu•d)
Year ended 31 March 2021
Accounting polic1•8 {¢ontlnuvd)
Incomlng re8our¢os
All incoming resources are included in th& slalement ol linancial activities 8ntitl8ment has
passed to the charity., it is probable that th8 economic benefits associated with the transaction will
flow to the charity and the amount can b6 reliably measured. Th8 following specrlic policies are
applied lo particulai ca18gorie8 of income:
income from donallong or grants18 recognlsed when th8r& Is evidence of entitlement to the
glft, receipt Is probable and ils amount can bo measured rellably.
legacy Income Is r8cognlsed r8c8lpi is wobable and entlllement Is eslabllshed.
Income from donated goods is measured al the lalr value ol the goods un18SS thls Is
impractical to measure reliably, in which case the value is derived liom the cost lo the donor
or the eslimaled resale value. Donated facilities and services are rQgnised in the accounts
sthen received if the value can be rella1Y measured. No amounts are included lor the
contribution ol g&neral volunteers.
Income from contracts for the supply ol servlces is r8cognlsed with the dellvery ol the
contracted servicé. This is classi118d as unr8Strlcl8d funds unless ther8 is a contractual
requirem8nl lor It to be sp8nt on a partlcular purpose and relum8d If unsp8nt, in which case
it may be regard80 as restricted.
Re8ource8 expendod
Expenditure is recognis8d on an accruals basis as a liability is incurred. Expenditure includes any
VAT which cannot be tully iecovered, and is classified und&r headings of the slat8menl of
Ilnancial activities lo whSch It relat88'.
&xpendlluré on raising funds includes the c¢)sls of all fundralslng activlties, gvents, non-
charitable trading a¢tivitles, and the sale of donated goods.
expgndSlure on charltable aclivrties includes all costs Incurred by a charity in undertaklng
activities that further its charitable alms lor the beneflt of Its beneficlwies, includSng those
support Costs and costs relating to the governance of the charlty apportioned to charltable
activlties.
other expenditure Includes all expenditure that Is nelih8r related to ralsiNJ funds lor the
charlty nor part ol its 8xpendllure on charitable acllvities.
All costs are allocated to expendilure categories relleclino the use ol the resource. Direct c¢)sts
attrlbutable to a slngle acllvlty ar8 allocated dlrectly to that acllvity. Shared costs are apportloned
beeen the activities they contribute lo on a reasonable, jusliliable and consi51enl basis.
Tangible aMets
Tanglble assets are initially recorded at cost, and subsequently slated at oosl less any
accumulated depreciation and impairment losses. Any tangibl& assets carrled al revalued
amounts are recoided al th8 lair valuè at the date of revaluation lass any subsèqu8nt
accumLJlal8d depreciation arKI subsequent accumulated impairment Ioss8S.
15
Readlpop Limited
Company Limlted by Guarantee
Noies to the Flnanclal Ststemenls (conllnued)
Year ended 31 March 2021
Accountlng poll¢lgs (contlnu•d)
Tanglble assets {con11nl)
An incr8as8 in the carrwng amount ol an asset as a result ol a revaluation, is recognised In othgr
recognised galns and lose8S, unless it revgrs8s a charge for impairment that ha5 previously been
recognised as exp8ndilure within the statement ol financial acliviti8s. A decrease in the carrying
amount of an asset a5 a result ol revaluation, is recognisod in other recognised gains and losses,
except to which il olls8ls any previous revaluation gain, in which cas8 the loss is shown wlthin
other recogiiised gains and losses on the statement ol financial activlties.
Doprèciatlon
D8preclallon is calculated so as lo wrlle ofl the cost or valuatkjn ot an asset, less its residual
value, over the useful OnOMiC life ol that ass81 as follows:
Equipment
20% stralght Ilne
Impalrment ol Ilxed •s•ots
A rèvlow for Indlcalors of irnpalrmenl Is carrled out at each reporting date, wllh the recoverable
amount b&ing estimated where such Indicators exist. Where the carrying value exceeds the
coverable amount, the asset is impaired accordlngly. Prlor Impairments are also revlewed for
possiblè r8versal at each reFX)rting date.
For the purposes of ImpaSrmenl testing, when 11 Ss not wsslble lo esllmate the recov8rable
amount ol an Indlvldual ass81, an estimate Is made ol the recoverable amount ol the cash-
genèralino unbl to which the asset belong5. The cash-generatlng unll Is the smallest Idenliliable
group ol assets Ihat includes the asset and gen8rates cash Intlows that largely IrvJup¥rid¥iil vl Ili¥
cash inflows from other assets Dr groups of ass81S.
For Impairm8nl lesllng ot goodwlll, the gooofv4ill acqulred In a business comblnatlon Is, from the
acqulsilion date, allocated to each ol the cash-g8n8raling units that are expected to benefit from
the synergies ol the combination. irr8sp8cIiv8 ol whether other assets or liabilities of the charlty
are assigned lo thos8 units.
Financial In8trument8
A flnanclal asset or a finanelal liablllty is rec&Jnlsed only when the charlty b8com85 a party to the
contractual provlslons ol the instrument.
Basic flnancial instruments are initially recognised at the amount receivable or payable IncludSno
any rolaled transaction costs.
Current asselg and curr8ni liabili116s are subsequently measured at the cash or other
conslderatlon expected to b8 paid or recelved and dlscounled.
Debt instruments are subsequently moasured at amortised cost.
16
Readipop Limited
Company Limlted by Guarantee
Notes to the Flnanclal Statements (con11na)
Year ended 31 March 2021
Accounllng poli¢106 {conttnu•d)
Fln8nclal Inslruments (Wlllnth•d)
Where investments in sharés aré publicly traded or their fair value can OlheThvise be measured
reliably, the investment is subsequently measur8d al fair value with changes in lair valu8
recognis8d in income and exp8ndilure. All other such inv8Stm8nts are subsequently measured at
cost less impairment.
Other financlal InslrL*ments, including derlvailves, are inltlally recognis8d at falr Vu8, unless
paym8nt lor an asset is deferred beyond normal busln8s8 terms or financed al a rale ol Interest
that is not a mat*81 rate, in which case the asset is measured al the present valué of the future
payments discounted al a market rale of inter8St for a similar debt Instrument.
Olher linanclal instruments are subsequèntly m8asured at lair value, wlth any changes
recognlsed In the statement ol IlnancSal activi118s, with the exceptlon of hedging instruments in a
d8slgnat8d h8dglng relallonshlp.
Financial assets that ar8 m8asured at cost or amortised cost are revlew8d lor objectlve evld8nce
of impaimi8nl al the 8nd ol each reportlng date. It there is obj8ct1v8 evidenc8 of impalrment, an
impairment loss is rec¢)gnised under the approprlate heading In thè statement ol tlnancial
actlvi1185 in whlch the Inllial galn was r8cognls8d.
For all equlty instruments regardless of slgnillcance, and oihgr financial as88ts that ar8
Indlvfdually signllSoanl. these are assessed IndlvSdually lor Impalrmant. Other financial assèts are
either assessed Indlvldually or grouped on the basis of slmilar credll risk characlerislics.
Any reversals of Impalrment are recognised immedia181y, lo the extent that the r8varsal does not
r8suII in a carrying amount ol the financial asset that 8xceeds what thè carrwng amount would
have bgen had th8 impairm8nt not prevlously boon racognlsed.
0Ined contrlbutlon plans
Contrtbutlons to dellned contribullon plans are recognised as an expen98 In tha period In which
the related service is provided. Prepaid contributions are rectsanised as an asset lo the extent
that tho prepayment will lead to a reduction in future payments or a cash refund.
When conlributSons are not expected lo be settled wholty wlthln 12 months of the end ol the
reporting date in whlch the employees render the related s8rvlc8, the Ilablllly Is measured on a
dlscounled pr8s8nt value basls. The unwndlro of the discount Is recoonised as an expense In
Ihe period in which il arises.
Llmlted by guar8nleo
The charitabl8 company, not having a share capital, Is limlled by guarant88. Each members,
liability is limited to an amount not exce8ding £1 in the event ol the company being wound up.
17
Readipop Llmlted
Company Limited by Guarantee
Notes to the Financial statements (cOrtth)
Year ended 31 March 2021
Donaiions and legacies
UnreStrted
Funds
Restricted Total Funds
Funds
2021
Donatlons
Donations
640
Grants
Grants recèivabl
223,235
223,875
253,455
253,455
476,690
477,330
Unrastricled
Funds
Restrlcted Total Fund9
Funds
2020
Don•tSon8
Donallons
26,780
26,780
Grant8
Grants receivable
145,143
171,923
38,968
38,968
184,111
210,891
Charltable actlvltlo•
Unrestrlcted Totsl Fund• Unr8slrlc18d Total Funds
Funds
2021
Funds
2020
Workshops and pertormanc8
R8adlpop F&stlval
Hlre of Sludlo
6,790
6,790
42,241
129,025
16,065
42,241
129,025
18,065
4,895
4,895
11,685
11,685
187,331
187,331
Inv081mont Incomo
Unreslrlcted Total Fund8 Unreslrlcled Total Funds
Funds
2021
Funds
2020
Interest received
24
24
Oth8r Incom8
Unr8slricled Total Fund¥ Unrestricted Total Funds
Funds
2021
Funds
2020
Other income
53
53
2,106
2,106
18
Readipop Limited
Company Limited by Guarantee
Notes to the Flnanclal Statem8nlS (eonllnued)
Year ended 31 March 2021
Co818 ol othor tradlng o¢tlvltle6
Unrèstrictèd Tolal Funds Unrestricted Total Funds
Fundg
2021
Funds
2020
Costs of other trading aclivili
2,765
2,765
10. Expendlluie on charltable actlvltl•8 by lund ty
Unreslricled
Funds
Restricted Total Fund•
Funds
2021
Charitable actlvitl8S
Support costs
187,877
15.289
122,692
290,569
15,289
183,166
122,692
305,858
Unrestricted
Fun(ts
Restrlcled Total Funds
Funds
2020
Charitable aclivitle8
Support costs
349,828
8,523
26,199
2,120
376,027
10,643
358,351
28,319
386,670
11. Expondlturo on chorltoblo actlvltle8 by 8cllvlty typo
Activitles
undertaken
directly Support costs
Total lund8
2021
Total fund
2020
Charitable acilv+ties
Gov8rnan¢8 costs
290,569
290.569
15,289
305,858
376,027
10,643
386,670
15,289
15,289
290,569
12. Nèt incoma
Net incom8 Is stated after charglnWlcredOtlngl:
2021
2020
Depreclation ol tanolble flxed assets
4,937
3,681
13. Indepondant oxamlnatlon I8
2021
2020
Fees payable to the Independent examlner for-.
Independent examlnallon of Ihe Ilnancial slaiemants
1,500
1,440
19
Readipop Limited
Company Llmited by Guarantee
Notes to the Flnancial Slatements (eonllnued)
Year ended 31 March 2021
14. Stall ¢081$
The average head count of employees during the y8ar was 412020.. 51. The average number ol
tull-t1rn8 equivalent employees duriro the year is analysed as follows:
2021
2020
No.
Adminstratlon staff
No 8mployee received employe8 ben811is of more than £60,000 durlng the year12020'. Nill.
13. Truste• remunerallon and expgn3eS
There were no trusteès. expens8s paid for the year eThJed 31 March 2021 nor for the year ended
31 March 2020.
16. Tanglblo flxed a8gOts
Freehold
propety Equiprnent
Total
Coll
Al 1 April 2020
Aodltlons
Disposals
Al 31 March 2021
52,899
7,131
17781
59,252
52,899
272,131
17781
324,252
265,000
265,000
Depreclailon
Al 1 Aprll 2020
Charge lor the year
Dlsposals
31 Morch 2021
45,570
4,937
14451
50,062
45,570
4,937
14451
50,062
Carrylng amounl
Al 31 March 2021
265,000
9,190
7,329
274,190
7,329
At 31 March 2020
17. Debtorn
2020
Trade debtors
Prepayments and accrued incomg
Other debtors
2,215
41,744
12,903
56,862
4,741
9,500
14,241
Readipop Limited
Company Llmiied by Guarantee
Notes to the Financlal Statements (¢onWni*d)
Year ended 31 March 2021
18. Crnditor•: amounls falllng duo within one year
2021
2020
Bank loans and overdrafts
Trade credf(or8
Accruals and delerred income
Soclal security and other taxes
Other ci8dilors
10,653
58,457
34,384
2,410
3,491
13.949
44,644
4.924
676
109,550
67,684
19. Cred11018'. amounts falllng du• altèr mor• than onè yr
2021
2020
Bank loans and ov8rdraft8
118,587
Durlng the year th8 Charity 8nlered inlo a loan for £80,000 r8payable ovér 60 months al an
Interest rale o17Vo per annum.
The Chartty also look a bounce-back loan of £50,000 from HSBC bank.
20. Pen81oni •nd olhor po•1 r•tlremenl benollt8
D•lln•d contrlbutlon plans
Th8 amount recognised In Income or expendlture as an expense In rélatlon to dellned
conlribullon plans was £2,18912020: £1,873)
21. Analys18 ol ¢h•rltabl• fund•
Unrestrlclod lund8
At
1 April 2020
31 March 202
Income Expendliur8
General funds
2,107
235,637
1183.1661
54,578
At
31 March 202
Al
1 April 2019
Income Expendlture
Gen8ral funds
1.863
381,360
1361,1161
2,107
21
Readipop Limlted
Company Limited by Guarantee
Notes lo Ihe Financial Ststements (coniinued)
Year ended 31 March 2021
21. Analy$is of charltablo fund8 (willniwd)
Re8trlcted lund8
At
31 March 202
At
1 Aprll 2020
Income Expendllure
Youtli Music
Arts Council England
National Lottery
Earley Founclallon
Garfield Weston
CRF
ACE- Record Box
2,825
29,848
17,3601
25,313
7,OC
17,0001
110,657}
80,000
25,000
95,000
23,607
69,343
25.000
195,0001
12,6751
1122,6921
20,932
9,825
253,455
140,588
Al
31 Mah 202
Ai
1 Aprll 2019
Incom8 Expendlture
Youth MusSc
Arts Council ErrfJland
Nallonal Lottery
Earley Foundation
Garfield Weston
CRF
ACE . Record Box
{8411
17
29,848
126,1821
1171
12,1201
2,825
9,120
7,000
{824}
38,968
128,3191
9.825
Tho Charity had a number ol reslricl8d funds operating during the year. Th8 prlmary purpose for
the funding is shown below..
Youth Muglc
AAA programme to Feb 2022.
N8llonal Lotlery
Flel¢xation lo Trafford Road
Earl&y Charlty
Purchase ot Tralford Road
Garfl•ld Weston
PuTchas8 ol Trafford Road
CRF
Coronavirus Recovèry Fund to suslaln Aeadipop Festival
ACE
Flecord Box project to develop Riser muslc label 2021-22
Readipop Limited
Company Limited by Guarantse
Notes to the Flnanclal Statements {coniinii•d)
Year ended 31 March 2021
22. Analy818 ol net a8s8ls between funds
Unreslrlct8d
Funds
Restrict8d Tolal Fund•
Funds
2021
Tangibl8 Ilxed assets
Current agsets
Credltors lass than 1 year
No188•ets
273,846
8,869
1228,1371
54,578
344
140,244
274,190
149.113
1228.1371
195,166
140,588
Unrestricted
Funds
Restricted Total Funds
Funds
2020
Tangible fixed assets
Current assets
Creditors less than 1 year
6,741
63,050
167,6841
2,107
58B
9,237
7,329
72,287
167,6841
11,932
9,825
23