DocusTgn Envelope10'. 82619578-25CC42ec-BD9C-F13835A027AD
COMPANY REGISTRATION NUMBER: 04803838
CHARITY REGISTRATION NUMBER: 1123962
Readipop Limited
Company Limited by Guarantee
Unaudited Financial Statements
31 March 2025

DouJ8lgn En￿￿Ope ID.. 82619578-25CC428C-8D9C-F13B35A027AD
Readlpop Llmlted
Company Llmlted by Guaranlee
Flnanclal Statements
Year ended 31 March 2025
Page
Trustees, annual report (incorporating the director's report)
Independent examiner's report to the trustees
12
Statement of financial activities (including income and
expenditure account)
14
Statement of financial position
15
Statement of cash flows
17
Notes to the financial statements
18

Docjjsign Envelope ID.. 82619578_25CC426C.6D9C_F13835A027AD
Readipop Limited
Company Llmlted by Guarantee
Trustees. Annual Report (Incorporating the Dlrector's Report)
Year ended 31 March 2025
The trustees, who are also Ihe directors for the purpjses of company law, present their report and the
unaudited financial statements of the charity for the year ended 31 March 2025.
Chair's report
On behalf of Readipop's Board l am once again pleased to report back on another successful year for
our charity.
As the only organisalion in Reading that olfers music provision that is targeted towards young people
facing barriers to participation, l am proud of our AAAIAccess All Areas) programme that
encompasses 1-1 mentoring,Youlh Cubs and live performances. This vital work is going from slrength
lo strength with the continued lunding of Youth Music.
In addition, the following regular activities and projects demonstrate the range and variety of our work
(Family Jam, Schools Workshops,Riser, Music Meel Ups, Beatroots, Tankata percussion, Jukebox
Jam sand our XOX project with Electronic Music Open Mic sessions at 21 South Street Arts Centre,
During the course ol the year we have had to make some difficult decisions concerning ihe Readipop
Festival. Despite 2024's festival being well received. and in many ways the best ever. Ihe increasing
production costs have continued to outpace revenue generation. Following a review of Ihe 2024
Feslival we look the difficult decision to explore alternative models to deliver a live musiclfeslival
programme for Reading in 2025, with reduced financial risk.
Our overall outlook is still very posilive, With the development, enlargement and upgrade ol our base
at 15 Trafford Road,
we are looking forward lo Readipop continuing to make sure that a
growing number of local people benefit from the joy that music brings lo their lives.
To conclude, I would like lo say a big thank you to our many partners and funders and our fabulous
staff team, who continue10 ensure Ihat'music Changes Lives,
Chris Bloomfield, Chair ol Readipop.

Docjjsign Envelope ID.. 82619578_2SCC426C.8D9C.F13B35A027AD
Readipop Limited
Company Llmlted by Guarantee
Truslees, Annual Report (Incorporaling the Direclor's Report) (¢ontInu￿}
Year ended 31 March 2025
Achievements and performance
PROGRAMME OVERVIEW:
AAA Work wlth Young People
AAA is fund8d by Youth Music, Blagrave Trust, Berkshire Community Foundation, Chris Bevington
Foundation and other partners
Readipop's AAA (Access All Areas) programme brings together a number of projects io engage and
support young people and their music including one-to.one mentoring sessions, youth club sessions,
holiday workshops and a Readipop Festival takeover:
Over the last 3 years 25, our AAA programme has engaged 2069 young people In music.making
activit18S.
Of our long-lerm core participants:
880/. lace barriers to participation
730/0 face multiple barriers lo participation
/0 are looked after
15*0 are a young offender or at risk of offending
160/a are excluded from school or al risk of exclusion
23.10 are NEET
28Vo are SEND
360/0 are coping with menlal ill-health
Our 1..1 Music-Based-Mentoring referral sessions and youth clubs have had consislenl long-term
attendance throughout the programm8 showing increased engagement in music making.
hln
mml
Parent o11.'1 Music-Based-
blln
hl
Menloring session participant.
"When I flr
mlngt AAA I
Idn,
th
rums a
11. I have
wn
iv
AAA Friday and Holiday Sessions Participant,
Young people ar8 referred to us by our partner organisatlons. Our connections have been growing in
numb9r each year along with the area in which the young people are referred from. A large number of
our partners work with young people from cold spots, disadvantaged backgrounds and with multiple
barriers to access.
Delivering 4 weekly youth clubs in dillerenl locations has enabled us lo continu8 to regularly reach
'young people facing barriers, as a resull of where they live:
The Weller Centre, Amersham Road, Reading.. in the I0°/o most deprived areas in England., ha5
the highest number of children living in relalive poverty in Fleading,. has one of the highest crime rates
in Reading.
Greenham Community Centre, Greenham, West B8rkshire: Flurally isolated, Young Carers from

Oocjjsign Envelope ID.. 82619578-25CC426C-8D9C-FI 3835A027AD
Readipop Limited
Company Limited by Guaranlee
Trustees, Annual Report (Incorporating the Director's Report) (conllnued)
Year ended 31 March 2025
around Newbury.
Readipop Studios, Reading.. central location, close to train stalion and areas of deprivalion.
We have had huge success with our annual 4 hour takeover slot at Readipop Festival with young
people performing songs from across all of our projects. For many of these young people it was their
first performance. The young people, especially the youth board, have been involved in the planning
and curation ol the slot each year. This huge opportunity has been recognised by the young people
and they have shown a huge amount ol gratitude. 100°/o of our Youth Board members and Music
Leaders pul that their lavourile Fleadipop memory of 2024 was the Takeover in our end of year suNey.
lewo
' AAA Friday Participant
hln
1 .'1 MBM Participant
rm
hlnk I,
Beln
ofth
nce whll
In
kid
Rob (Excuses & Half Truths blog)
We were honoured to be invited to take part in a pilot project between Youth Music and McDonalds.
We used this opportunity to launch a project that allowed us to work on a more professional level with
Ihe participanls and lake their music one step further. The participants were able to write, record and
release their own songs with Readipop stall with opportunities to try mixinglmastering and gel more of
an insight to how the music industry works. This programme has now become part of our delivery and
we are aiming to release a 'mixlape' each year lo showcase our participants talent.
AAA Mlxtape V1- Varloug Artlst8- hllPS".Ilopen.gPOtlly.comlalbum150FhsDSHlwtELZHmlWnkaX
Fleadipop remains the only organisation in Reading offering music provision targeted towards young
people lacing barriers to parlicipalion..
nnot
h Readl
ve hel ed
.Th
were
onl
hll
in
R A.rJlps•Jwv
vln
Inh
Parent of 1 '.1 music based mentoring, AAA Friday 14-18 participant.
nl
fr
mvl
sessions, Holiday sessions, AAA Friday sessions parlicipanl and Youth Board Member.
Throughout the programme, young people have shown consistent Increases in confidence during the
time they have engaged at Readipop. This has been acknowledged by the young people Ihemselves
and referral slafflcarers..
1.-1 music based
mentoring participant Many core participants have acknowledged an improvement in their music ability
which in turn has given them more confidence to express their individual passions and try new things
in their sessions.
"The
seem to take
ride In
helr r
cordln
QDL- Music leader on In the Mix Participants
san
I 11 the oth
oun
eo
let
res
th

Docusign Envelope ID.. 82619578.25CC426C.8D9C413B35A027AD
Readipop Limited
Company Limited by Guarantee
Truslees, Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 March 2025
Reflections from the Music Leaders in session evaluations and Programme meetings has been
beneficial lo see the impact that the sessions and growth of confidence has positively impacted the
young people nol only musically but also in their day to day life.
Prfn
Tr
Taken from a session
nfl
evaluation.
hl
Is
rr
wl
MusiG LeaderlProgramme Supervisor
fr
nll
ve
aine
over
he
st
Our AAA programme has gone from strength to strength wllh the conlinued funding of Youlh music.
We have been able to expand on our embedded programme o11.'1 music-based-mentoring sessions,
Iree-lo-access youth clubs, workshops, performance and employment opportunities that we slarled in
2018. We are excited to carry on with this work with our Catalyser Youth Music Grant slarting in March
2025.
FAMILY JAM:
A family music session foi kids and adults to experience and learn to play together.
parent
I wlll r
Im
l All
ho￿￿&1￿n￿l)o.p.O
Ewa
McKillop re. Family Jam
SCHOOLS WORKSHOPS:
A variety of engaging creative workshops for primary and secondary schools from hall-day taster
workshops lo regular projects.
vin
s In lor Ih
han
nwS
hee
ul
hlnk w
Teacher Reading
Girls
We had his school revlew yesterday and I spoke about you all and the confidence J has gained
COMMUNITY MUSIC PROGRAMME:
FIISER is a talent development, mentoring and ￿e￿orkIng programm8. SUPPOrting the artistic and
professional development ol young and emerging musicians. RISER started releasing original new
music in 2022 and is currently supporting HATS TM and Ray Wills. HATS music has been played on
BBC 6Music. Fliser will focus on supporting artists lo develop their live performance careers through
Riser Live Sessions at the new Readipop Studios space.

Docusign Envelope10.' 82819578.25CC426C-8D9C-F13B35A027AD
Readipop Limited
Company Limited by Guarantee
Trustees, Annual Report (Incorporating the Dlrector's Report) (conllnu•dJ
Year ended 31 March 2025
MEET-UPS
Networking and professional development events for Reading based musicians. Usually held at
Fleading Biscuit Factory alongside live performances.
"Th
re,
hln
Ilke thls Is Readln
OPEN ACCESS PROJECTS:
Our projects create a fun, sociable space to meet, make and play music together. Our projects are
open to beginners as well as more experienced players.
8eatroots is Fleading's communiiy Samba drumming group. It has b8en running since 1996 and has
performed at many rnajor events and festivals including WOMAD, The Thames Feslival and the
Olympic Rowing during London 2012. Absolute beginners can join the band by taking part in a Samba
101 taster workshop. A naw Rushmoor group slarled in Aldershot in 2024. Rushmoor is an Arts
Council priority place.
Tankata Percusslon learn, develop and rehearse African rhythms played on a mix of traditional drums
and percussion including djembes and dun duns.
Jukebox Jams is a music project for older people, bringing Ukulele and singinglplaying s8ssions to
care homes and other settings.
XOX Project
Our electronic music heritag8 project explores the birth of hip-hop, house, techno, acid and dance
music through the iconic instruments that created the genres, signature sounds. XOX is an electronic
music heritage projecl led by Readipop built around a collection of classic beatbox8s, synths and FX
supported by the Heritage Fund. XOX brings workshops lo schools and colleges as well as creating
XOX lab at Readipop Studios where musicians can access the instruments lo make and record new
music. The XOX collectlon now exists and a series of successful workshops in schools, colleges and
universlty settings has taken place with Ihe support of Roland UK. The project will relaunch fully as parl
ol the new Readipop Studios.
Readlng EMOM - Electronic Muslc Open Mlc.
Seasons ol monthly events based at South Street Arts Centre in Reading to provide a space for
creators of electronic music lo perform and share their music lo an appreciated audience.
EVENTS PROGRAMME:
READIPOP FESTIVAL
Readipop Festival is a 3-day music and arts festival held in early July at Christchurch Meadows
Reading with a daily capacity of up lo 5000 people. It is showcase for Readipop's charitable work
alongside well-known internalional artists. The July 2024 event saw increased audience allendance,
increased income and major improvements to the site infrastructure. However increasing production
costs continue lo outpace the revenu8. Following a review of the 2024 Festival, a decision was laken
to explore alternative models lo deliver a varied live musicllestival programme lor Reading in 2025 with
a reduced financial risk.

Docvsign Envelope ID.. 82619578.25CC426C.8D9C-F13B35A027AD
Readipop Limited
Company Limiled by Guaranlee
Trustees, Annual Report (Incorporatlng the Dlrector's Report) {conllmMd)
Year ended 31 March 2025
ENVIRONMENTAL:
Readipop has an Environmental Policy and Action Plan, which are both reviewed annually. This plan
drives our continued commitment to environmental sustainability in all areas of our activity, including
the Readipop off ice, our audiences, marketinglpublicity, and events. Our reporting shows that we are
matching Performing Arts Building benchmarks for electricity use and less than half Ihe amount of
water. Our new premises ar8 much more energy efficient, reducing our energy usage significantly.
Flnan¢lal revlew
The current reserves policy is to break-even on an annual basls whSlst growlng the company in
accordance with our business plan.
Readipop applied to Arts Council England's Capital Investment Programme in December 2021 and
was awarded a grant af £738,000 to develop Fleadipop Studios into modern, environmentally
sustainable music hub for Reading. The projecl received full planning permission in August 2023. A
construction contract was awarded in Autumn 2024. Construction began in November 2024 and is due
lo complete in November 2025. Fleadipop studios closed in October 2024 and relocaled lo a
temporary office on a 12-monlh lease. Some sessions continued in the new office as well as using
other spaces during the project.
Readipop was awarded conlinLJed National Portfolio Organisation status for the period 2023-26 with an
increased annual grant from £90,OOOlyear to £113,OOOlyear. This has now been extended by 2 years
to March 2028.
Total funds al the year-end were £511.074 of which reslricled funds were £554,470 and unrestricted
funds were £143,396). The current reserves policy is to break-even on an annual basis whilsi growing
the company in accordance with our business plan.
The free reserves of the Charity at 31 March 2025 were in deficit in the amount 01 £242,817, alt8r
allowing for Ihe fixed assets and associated loans. This includes an organistational contingency
reserve of £40,000 which has been allocated by the Trustees to cover 2-3 months ol general
unrestricted operating cosls and a designated fixed asset fund of £58,876. The fund covers
fluctuations in cash flow and potential winding down costs in the circumstance that the charity ceases
trading.The Charity has plans in place to have posilive free reseNes in 2-3 years,

Docuslgn Envelope 10.. 82619578.25CC426C_8DgC-F13B35A027AD
Readipop Limited
Company Limited by Guarantee
Trustees, Annual Report (Incorporating the Director's Report) (contlnued)
Year ended 31 March 2025
Objectives and actlvltlgs
READIPOP:
Creates work that inspires people and improves lives.
Nurtures creativity as a vital part ol a fulfilled life.
Connects people through a shared love of rnusic.
Readipop is an innovative music and arts charity based in Reading. with a strong reputation lor
inspirational, engaging arts projects that make a positive diff erence in people's lives. Readipop uses
music and arts lo enrich communities and the cultural landscape of Reading and the Thames Valley.
Readipop works with everyone, from helping vulnerable young people to supporting aspiring artists and
musicians. We are passionate about the power of music lo communicate and bring people logether.
Our work celebrates our community and the joy of crealiviiy as vital to a fulfilled lif8.
Publlc Benelit
In setting our objectives and planning our activities, we have given careful consideration lo the Charity
Commission's general guidance on public benefit.
Objects: The charltable oblectlves of Readipop are:
To Promole the developments of the arts, and in particular music, for the benefit of Ihe local
community by.. providing studio space and facilities and {bl organising events and aclivilies.
To advance education by promoting understanding and learning about the crealive and technical
processes involved in the creation of music and associated art forms, thereby developing artistic
appreciation.
OUR PRIME BENEFICIARIES:
People who are socially and economically disadvantaged, with a focus on young people - in order lo
improve lives and nurture a vibrant musical and creative community.
MISSION:
Readipop is working lo build local and regional engagement in Readipop's diverse muslc educatlon
and community programmes as well as the natlonal and international reach of our studios & events.
KEY AIMS:
1.Suslain Fleadipop's diverse community music and education programmes.
ensure we remain relevant lo local people.
prioritise young people and those with the least resources, access and greatest need.
2.Enhance and extend Readipop's community & education programmes.
with relevant accreditations or progression pathways
lo help people develop personally and professionally.
3.Build and develop our stafl, board & team capacily.
to improve Readipop programmes.
to adapt lo change and meet Ihe needs of our beneficiaries.
4.Supporl, develop and promole the local music and creative community
Celebrating, sUPPOrting & proffloting emerging artists via Readipop Studios and events.

Do¢ushJn Envelope ID.. 82619578-25CC428C-BD9C-F13B3SA027AD
Readipop Llmlted
Company Limlted by Guarantee
Truslees, Annual Report (Incorporating the Director's Report) {￿ntInued)
Year ended 31 March 2025
5.Develop Readipop Studios into a flagship music facility.
a unique mix of creative, technical and educational facilities.
accessible to the local community with a regional, national and international reach.
6. Sustain a programme of mustc and community events
to connect with the community, support the Readipop mission and build suslainable income,
7.Sustaln a network of partner organisations, venues, events and festivals
to remain relevant, develop audiences and widen Ihe inlluence and impact of Readipop in the UK.
8.Establish the eff8cliveness of the Readipop approach within the UK music education sector.
rKomote Readipop as a unique cullural leader.
9.Improve Readipop's environmental Impact.
make Readipop Studios energy neutral by 2027.
improve the environmenlal impact of Readipop events
10.Sustain a broad range of public, private funding and earned income to support organisational
resilience.
continued Arts Council NPO status.
long term funding partnerships

DocJJsign Envelope ID.. 8261957a-25CC426C-8D9C_F13B35A027AD
Readipop Limited
Company Limited by Guarantee
Trusiees, Annual Report (Incorporaling the Director's Report) (conllnuodj
Year ended 31 March 2025
Reference and admlnlstratlve detalls
Reglstered charlty name
Readipop Limited
Charlty reglstratlon number
1123962
Company reglstratlon number 04803838
Prfnclpal off Ice and reglstered 15 Trafford Road
off ice
eading
Berkshire
RG18JP
The Iru8leeg
Mr C Bloomfield
Mr T J Greaves
Mrs A Codllng
Mrs C Harper-Duffln
Mrs S Plowrighl
Mr M Jacob
Ms R Richardson
Mr Andy Screen
Mr A Goddard
Ms Kasana Cadogan
Company secretary
Mr G L Lombos
Independent 8xamlner
N J ca￿allader FCCA For and On Behalf of David Cadwallader &
Co Limited
Suite 3 Bignell Park Barns
Chesterton
Nr Bicester
Oxon
OX26 1TD

Doojsign Envelope ID.. 82619578_25CC426C_8D9C-F13B35A027AD
Readipop Limited
Company Limited by Guarantee
Truslees, Annual Report (Incorporating the Direclor's Report) (contlnu6d)
Year ended 31 March 2025
Slruclure, governance and management
Governing document
The organisation 15 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 the Register ol Charities is
Readipop,
The charitable company is governed under Memorandum and Articles of Associalion and was
incorporated on 19 June 2003.
The registered and principal address of the chariiy is 15, Trafford Road, Reading, 8erkshire, RG18JP.
Recruitment and appolntment of new Iruslees
The procedures for retirement and appointment of trustees are detailed in the Memorandum and
Article5 01 Assoclatlon under which the charitable company is governed.
Inductlon and tralnlng ol new Irustees
New board members receive a role description detailing what is expected of them.
Tnjslees are expected to attend a minimum of two out of Ihe four board meetings a year. Those
trustees who miss more than three meetings may be required to retire.
Truslees are also expected to devote lime to reading papers and preparing for board meetings. They
may also be expected to attend sub-committees or task groups, attend fundraising and olher ev8nls
and undertake appropriate training and development.
Rlsk Management
The trustees have a duty lo identify and review Ihe risks lo which the charity is exposed and ensure
appropriate controls are in place to provide reasonable assurance against fraud and error.
Management
The board of directors meet four lo six times a year to oversee the runnlng of the charity. The Creative
Director and Executive Director manage day.to-day administration.
Key staff
Gavin Lombos - Co-founder and Creative Director
Claudine Adams - Executive Director, business operations
Louise Godfrey- Executive Director, Educatlon Programme
Harrison Screen Music Supervisor
Eva Rowlatt- Music Supervisor
Small company provlslong
This report ha5 been prepared in accordance with the provisions applicable to companies entitled to
the small companies exemption.
10

Docusign Envelope10'. 82619578-25CC42ec-8DgC-F13B35A027AD
Readlpop Limited
Company Llmlted by Guaranlee
Trustees, Annual Report (Incorporallng the Dlrector's Report) (eantlnu0dJ
Year ended 31 March 2025
The trustees, annual report was approved on
trustees by..
2511112025
. and signed on behalf of Ihe board of
S￿n•d by..
AEA28Fao1046é53
Mrs A Codllng
Trustee
11

Docuslgn Envelope ID.. 82619578_25CC426C.8D9C_F13B35A027AD
Readipop Limited
Company Limited by Guarantee
Independent Examiner's Report lo Ihe Truslees ol Readipop Limlted
Year ended 31 March 2025
I report to the truslees on my examination of the financial slatemenls of Readipop Limited I'the charity)
for the year ended 31 March 2025.
Responslbilltles and basls of report
As the trustees of the company land also its directors for the purposes of company law) you are
responsible for the preparation ol the financial statements in accordance with the requirements of the
Companies Act 20061'the 2006 Acl'l.
Having satisfied myself that the accounts ol the company are not required lo be audited under Part 16
ol the 2006 Act and are eligible for independent examination, I report in respect of my examination of
the charity's accounts as carried out under seclion 145 of the Charilies Act 2011 I'lhe 2011 Acl'l. In
carrying out my examination I have followed the Directions given by the Charity Commission under
section 145151{bl of the 2011 Act.
Independont oxarnlnor's statement
Since the charity's gross income exceeded £250,000 your 8xamin8r must be a member of a body
listed in secllon 145 of the 2011 Act. I conflrm that l am qualified lo undertake the examination
because l am a member of the As50ciatlon of Chartered Certified Accountants, which is one of the
listed bodies.
I have completed my examination. I confirm Ihat no matters have come to my altenlion in connection
with the examination giving me cause lo believe:
accounting records were not kept in respect of the charity as required by section 386 of the
2006 Act., or
the financial slalgmenis do not accord with those records., or
the financial statements do nol comply with the accounting requirements of section 396 01
the 2006 Aet other than any requlrement that the accounts glve a 'true and fair, view which is
not a matter considered as part ol an independent examination. or
the financial statements have not been prepared in accordance with Ihe melhods and
principles of the Statement of Recommended Practice for accounting and reporting by
charities applicable to charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Flepublic of Ireland l FRS 1021.
12

Docusign Envelope ID.. 82619578.25CC428C.8DgC_F13B35A027AD
Readipop Limited
Company Llmlted by Guaranlee
Independent Examiner's Report to the Trustees ot Readipop Llmlted (continued)
Year ended 31 March 2025
I have no concerns and have come across no other matters in connection with the examination to
which attention should be drawn in this report in order lo enable a proper understanding of the
accounts to be reached.
N J Cadwallader FCCA
For and On Behalf of
David Cadwallader & Co Limrted
Indepenclenl Examln8r
Suite 3 Bignell Park Barns
Chesterton
Nr Bicester
Oxon
OX26 1TD
13

Docuslgn Envelope ID.. 82619578_25CC426C_8D9C_F13B35A027AD
Readipop Llmlted
Company Llmlted by Guarantee
Statement of Flnanclal Actlvltles
(includlng Income and expendlture accounl)
Year ended 31 March 2025
2025
Restricted
funds Total lunds Total funds
2024
Unrestricted
funds
N￿9
Income and endowments
Donations and legacies
Charitable aclivities
Investment income
Other income
114,886
191,913
381
10,297
500,652
615,538
191,913
381
10,297
285.520
130.304
504
63,115
Total Income
317,477
500,652
818,129
479,443
Expendlture
Expenditure on raising funds..
Costs of raising donalions and
legacies
Expenditure on charltable activllles
Total expendlture
1,656
455,334
456,990
1,656
519,576
1,367
475,957
64,242
64,242
521,232
477.324
Net Income and net movement In funds
1139,5131
436,410
296,897
2,119
Reconclllatlon ol fundg
Total funds brought forward
Total lund8 carrled forward
96,117
118,060
214,177
212,058
(43,3961
554,470
511,074
214,177
The statement of financial activities includes all gains and losses recognised in th8 year.
All income and expenditure derive from continuing activities.
Tho notes on pagos 18 to 30 form part ol these financial statements.
14

Docusign Envelop8 ID.. 82619578-25CC426C.8D9C.FI 3B35A027AD
Readipop Limited
Company Limited by Guarantee
Statement ol Financlal Posltion
31 March 2025
2025
2024
(rnslat•d)
Flxed assels
Tangible fixed assets
16
691,200
306,245
Current assgls
Deblors
Cash at bank and in hand
17
96,204
42.038
66,886
85.101
138,242
131,987
Credltors: amounts falllng due wlthln ono year
Net current Ilabllllles
18
252,089
113,847
577,353
145,110
13,123
293,122
Total agsetg le•8 current Ilabllltles
Credltors: amounts lalllng due after more than one year
Net assets
19
66,279
511,074
78,945
214,177
Funds of the charlty
Reslricled lunds
Unrestricted funds
554,470
(43,3961
511,074
118,060
96,117
214,177
Total charlty funds
21
For the year ending 31 March 2025 the charity was entitled to exemption from audit under section 477
of the Companies Act 2006 relating to small companies.
Dir8clors' responsibilities:
The members have not required the company io obtain an audit of its financial statemenls for the
year in queslion In accordance with section 476;
The directors acknowledg8 th8ir responsibilities for complying with the requiremenls of the Act
with respect lo accounting records and the preparation of financial statements.
These financlal statements have been prepared in accordance with the provisions applicable to
companies subject to the small companies, regime.
The statement of financial position
continues on the following page.
Tho notes on pggeg 18 to 30 torm part of these flnanclal slalemonts.
15

Docustgn Envelope ID.. 82819578.25CC42ec.8D9&F13B35A027AD
Readlpop Limited
Company Llmlted by Guarantee
Stalemenl of Flnancial Position (condnued)
31 March 2025
These financial statemenls were approved by the board of trustees and authorised for issue on
2511112025
, and are signed on behalf ot the board by:
4E￿&r8>I04BI83
Mrs A Codling
Trustee
The notes on page• 18 10 30 form part of these Ilnan¢ial 8tatèmant8.
16

Docusign Envelope ID.. 82619578-25CC426C.BD9C-F13B35A027AD
Readipop Limited
Company Limiled by Guarantee
Slatement of Cash Flows
Year ended 31 March 2025
2025
2024
(rnslatod)
Cash flows from operatlng actlvltles
Net income
296,897
2,119
Adjustments for..
Depreciation of tangible fixed assets
Other interesl receivable and similar income
Interest payable and similar charges
Accrued (incomellexpenses
19,760
13811
4,811
(53,672}
16.148
15041
5,449
66,328
Changes in..
Trade and other debtors
Trade and other creditors
129,3181
160,651
131 ,570)
4,087
Cash generated from operatlons
398,748
62,057
Interest paid
Interest received
(4,8111
381
15,449)
504
Net cash from operating actlvllles
394.318
57,112
Cash flows from Investlng actlvltles
Purchase of tangible assets
Net cash used in investing activities
1404,7151
1404,7151
{6,3051
(6,3051
Cash flows from Ilnanclng activltleg
Proceeds from borrowings
Net cash used In financing activities
{12,666)
(12,686)
(11,825)
(11,825)
Net (decrease)Ilncrease In cash and cash equlvalenls
Cash and cegh equlvalgnls at beglnnlng ol year
Cash and cash equlvalents at end ol year
123,063)
65,101
38,982
26,119
42,038
65,101
The noteg on pages 18 10 30 lorrn part ol those flnancial statements.
17

Docu8ign Envelope 10.. 82619578.25CC426c.8D9C_F13B3SA027AD
Readipop Limlted
Company Limited by Guarantee
Notes to the Flnanclal Slatemenls
Year ended 31 March 2025
General Information
The charity is a public benefit enlity and a private company limited by guarantee, registered in and
a registered charity in England and Wales. The address of Ihe register8d office is 15 Trafford
Road, Reading, 8erkshir8, RG1 &JP.
Statement of compllance
These linancial statements have been prepared in compliance with FRS 102. 'The Financial
Reporting Slandard applicable in the UK and the Republic of Ireland,, the Stalement of
Recommended Practice applicable lo charities preparing their accounts in accordance with the
Financial Reporting Standard appltcable in Ihe UK and Republic of Ireland IFRS 102) {Ch8rilles
SORP IFRS 10211 and the Companies Act 2006.
Accountlng pollcle8
Ba818 of preparatlon
The financial statements have been prepared on the historical cost basis, as modified by the
revaluation ol certain financial assels and liabilities and investment properties measured at lair
value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the enlity.
Golng concern
Ther8 are no material uncertainties about the charity's ability to continue.
Judgements and key sources ol estimatlon uncertalnty
The preparation of the financial statements requires management to make judgements,
estimates and assumptions Ihal alfecl the amounts reported. These estimates and judgements
are continually reviewed and are based on experience and other factors, including expectations
of future events that are believ8d lo be reasonable under the circumstances.
Fund accounllng
Unrestricted funds are avallable for use at the discretion of the trustees lo further any of the
charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future prolecl or
commitment.
Restricted lunds are subjected to restrictions on their expenditure declared by Ihe donor or
Ihroiigh Ihft Ifirms nl an appeal, and fall into one af two sub-classes.. restricted income funds or
endowrnent funds.
18

Doujsign Envelope ID.. 82619578-25CC426C-8Dgc-F13B35A027AD
Readipop Limited
Company Limited by Guarantee
Notes to the Fi nanclal Statements (contlnu•d)
Year ended 31 March 2025
Accounllng pollcies (eontinued)
Incomlng resources
All incoming resources are included in the statemenl ol financial activities when 8nlitlement has
passed lo the charity., it is probable that the economic benefits associated with the transaction will
flow lo the charity and the amount can be reliably measured. The following specific policies are
applied lo particular calegories ol income:
income from donations or grants is recognised when there is evidence ol entitlement lo the
gift, receipt is probable and its amount can be measured reliably.
legacy income is recognised when recelpt Is probable and enlit5ement is established.
income from donated goods is measur8d at the lair value of the goods unless this is
impractical to measure reliably, in which case the value is derived from the cost lo the donor
or Ihe estimated resale value. Donated facilities and Se￿iceS are recognised in the accounls
when received il the value can be reliably measured. No amounts are included lor the
Contribution ol general volunteers.
income from contracts lor the supply of services is recognised with the delivery of the
contracted service. This is classified as unrestricted funds unless there is a conlraclual
requirement for it lo be spenl on a particular purpose and returned if unspent, in which case
it may be regarded as restricted.
Resources expended
Expendilure is recognised on an accruals basis as a liability is incurred. Expenditure includes any
VAT which cannot be fully recovered. and is classified under headings of the statement of
financial aclivilies to which it relates..
expenditure on raising funds includes the costs of all fundraising activities, evenls, non-
charitable trading activities, and the sale of donated goods.
expenditure on charitable activities includes all costs incurred by a Charity in und8rtaking
activities that further its charitable aims for the benefit of ils beneficiaries, including ihose
support costs and costs relating io the governance of the charity apportioned 10 charitable
activities.
other expenditure includes all expenditure that is neither related to raising funds for the
charity nor part of ils expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direcl costs
altributable to a single activity are allocated directly lo Ihal activity. Shared costs are apportioned
beiween the activities they contribute to on a reasonable, justifiable and consistent basis.
Tanglble assels
Tangible assets are initially recorded at cost, and subsequently stated at cost less any
accumulated depreciation and impairmenl losses. Any tangible assets carried al revalued
amounts are recorded at the fair value at the date of revaluation less any Subsequent
accumulated depreciation and subsequent accumulated impairment losses.
19

DocJJsign Envelope ID.. 82619578.25CC426C-8D9C-F13B35A027AD
Readipop Limited
Company Limited by Guarantee
Notes to Ihe Financial Stalements (contlnued)
Year ended 31 March 2025
Accounting pollcles (conllmMd)
Tangible assets fcontlnuad)
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other
recognised gains and losses, unless it reverses a charge for impairment that has previously been
recDgnised as expenditure within the statement ol financial activities. A decrease in Ihe carrying
amount of an asset as a result ol revaluation, is recognised in other recognised gains and losses,
except to which it off sets any previous revaluation gain, in which case the loss is shown wilhin
other recognised gains and losses on the slatement of linancial aciivi1188.
Depreclatlon
Deprecialion is calculaled so as to wrile off the cost or valualion of an asset, less its residual
value, over the useful economic life ol that asset as follows..
Freehold property
Equipment
2 % straight line
200/0 Straight line
Impalrment of Ilxed assets
A review for indicators ol impairment is carried out at each reporting date, with the recoverable
amount being estimated where such indicators exist. Where the carrying value exceeds the
recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed lor
possible reversal at each reporting date.
For the purposes 01 impairmenl testing, when it is not possible to estimate Ihe recoverable
amount of an individual asset, an estimate is made of the r8coverable amount of Ihe cash-
generating unit to which the asset belongs. The cash-generaling unit is the smallest idenliliable
group ol assets that includes the asset and generates cash inflow5 that largely independent of the
cash inflows from other assets or groups of assets.
For impairment testing of goodwill, the goodwlll acqulred In a buslness combination is, from the
acquisition date, allocated to each of the cash-generaling units that are expected to benefit from
the synergies of the combinalion, irrespective of whether other assels or liabililies of the charity
are assigned to Ihose units.
Flnanclal Instruments
A financial asset or a financial liability is recognised only when the charity becomes a party to the
contractual provisions of the instrument.
Basic financial instrumenls are initially recognised at the amount receivabl8 or payable including
any related transaction c051s.
Currefil dssgls aiid Luii¥iII lidtjililivs dl¥ SUtJs¥quviilly IllVdsui¥d dl Ili¥ Lasli oi. olliei.
consid8ration expected lo be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
20

Doodsign Envelope ID.. 82619578-25CC426C-8D9C-F13835A027AD
Readipop Limited
Company Llmlted by Guarantee
Noles to the Financial Statements (contlnued)
Year ended 31 March 2025
Accountlng pollcles (contlnuod)
Financlal Inslruments {conllnued)
Where investments in shares are publicly traded or their fair value can otheThvise be measured
reliably, the investment is subsequenlly measured al fair value with changes in fair value
recognised in income and expenditure. All other such investments are subsequently measured at
cost less impairment.
Other financial instruments, including derivatives, are initially recognised at fair value, unless
payment for an asset is deferred beyond normal business terms or financed al a rate of interest
that is not a markel rale, in which case Ihe asset is measured at the present value of the future
paymenls discounted al a market rale of interest for a similar debt instrument,
Other financial instruments are subsequently measured at lair value, with any changes
recogni5ed in the statement of financial activities, wilh the exceoion of hedging instrumenls in a
designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence
of impairment al the end of each reporting dale. 11 there is objective evidence of impairment, an
impairment loss is recognised under Ihe appropriate heading in the statement ol financial
activities in which the initial gain was recognised.
For all equity instruments regardless ol significance, and other financial assets that are
individually signilicant. these are assessed individually lor impairment. Other linancial assets are
either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised immedialely, to Ihe exlent Ihal the reversal does not
result in a carrying amount of the financial asset that exceeds whal Ihe carrying amount would
have been had the impairment not previously been recognised.
Deflned contrlbutlon plans
Contribulions lo defined contribution plan5 are recognised as an expense in the period in which
the related service is provided. Prepaid contributions are recognised as an asset to the extent
that the prepaymenl will lead to a reduction in luture payments or a cash refund.
When conlribulions are not expected to be settled wholly within 12 months ol the end of the
reporting date in which the employees render the related seNice, the liabiliiy is measured on a
di5counled present value basis. The unwinding of the discounl is r8cognised as an expense in
the period in which it arises.
Limlled by guarantee
The charitable company, not having a share capital, is limited by guarantee. Each members,
liability is limited to an amount not exceeding £1 in the event of the company being wound up.
21

Doujsign Envelope ID-. 82619578-25CC42ec.6D9&F13B35A027AD
Readipop Limited
Company Llmlted by Guarantee
Notes to the Financial Statemenls (contlnu6d)
Year ended 31 March 2025
Donatlons and legacles
Unreslricted
Funds
Restricted Total Funds
Funds
2025
Donatlons
Donations
1,230
10,000
11,230
Grants
Grants receivable
113,656
490,652
604,308
615,538
114,886
500,652
Unrestricled
Funds
Restricted Total Funds
Funds
2024
(r•Atdt•d)
Donallons
Donallons
24,657
15,000
39,657
Grants
Grants receivable
113,656
132,207
245,863
285,520
138,313
147,207
Charllable acllvltles
Unrestricted
Funds
Restricted Total Funds
Funds
2025
Workshops and performance
Readipop Festival
Hire of studio
14,766
177,147
14.766
177,147
191,913
191,913
Unrestricted
Funds
Restricted Total Funds
Funds
2024
(rnslaled)
Workshops and performance
Readipop Festival
Hlre of studlo
23.491
104,625
1,760
428
23,919
104,625
1.760
129,876
428
130,304
22

Dotuslgn Envelope ID.. 82619578.25CC426C.8D9C.F13B35A027AD
Readipop Limited
Company Llmlted by Guarantee
Notes lo the Financial Slatements (coniinued)
Year ended 31 March 2025
Investment Income
Unrestricled Tolal Funds Unreslricted Total Funds
Funds
2025
Funds
2024
(rnstated)
Interest received
381
381
504
504
Other Income
Unrestricted
Funds
Aestricted Total Funds
Funds
2025
Other income
10,297
10,297
Unrestricted
Funds
R8slricled Tolal Funds
Funds
2024
(re•l•led)
Other Income
63,105
63.115
Co8ls of ralslng donallon8 and legacles
Unrestricted Total Funds Unrestricted Total Funds
Funds
2025
Funds
2024
(r••l•l•d)
Costs of raising donalions and legacies
Subscriptions
1,656
1,656
1,367
1,367

Docjjsign Envelope ID.. 82619578-25CC426C-8D9C-F13B35A027AD
Readipop Limited
Company Limlted by Guaranlee
Notes to the Financial Statements (wjllnued)
Year ended 31 March 2025
10. Expenditure on charitable activities by fund type
Unrestricted
Funds
Restricted Total Funds
Funds
2025
Charitable activities
Support costs
415,527
39,807
62,754
1,488
478,281
41,295
455,334
64,242
519,576
Unrestricted
Funds
Restricted Total Funds
Funds
2024
(rnJtot•d)
Charitable activities
Support cosls
341,222
10,136
119,818
4,781
461,040
14,917
475,957
351,358
124,599
11. Expendlture on charltable actlvllle8 by activlly type
Activities
undertaken
directly Supporl costs
Total funds
2025
Tolal fund
2024
Charltable activities
Governance costs
478,281
478,281
41,295
461,040
14,917
475,957
41,295
478,281
41.295
519,576
12. Net Income
Net income is siatod after chargingl{creditingl'.
2025
2024
(re•t•tedJ
Depreciation of iangible fixed assets
19,780
16,148
13. Independent examlnatlon fees
2025
2024
(re8t•ted)
Fees payable lo the independenl examiner for:
Independgnt examination of the financial statements
1,800
1.800
24

Docusign Envelope ID., 82619578.25CC426C_8D9C_F13B35A027AD
Readipop Limited
Company Llmlted by Guarantee
Notes to Ihe Financial Slatemenls (contlnu8d}
Year ended 31 March 2025
14. Staff costs
The total staff costs and employee benefits for the reporting period are analysed as follows..
2025
2024
(reslated)
Wages and salaries
Social security costs
Employer conlributions to pension plans
172,903
15,615
3,949
183,521
17,283
5,074
192,467
205,878
The average head count of employees during the year was 712024.. 61. The average number of
lull-time equivalent employees during Ihe year is analysed as follows..
2025
No.
2024
No.
Adminstralion staff
No employee received employee benefits of more than £60,000 during the year12024.' Nill.
15. Trustee remuneratlon and expenses
One Trustee was paid £1,804.23 (2024- £1,313.50I lor work as artists liaison lor Readipop
Festival 2024 and £nil (2024- £2,326) in respect of reimbursed expenses for the same project.
There were no other trustees. expenses or remuneration paid for the year ended 31 March 2025
nor for the year ended 31 March 2024.
16. Tanglble flxod 888ets
Freehold
properly Equipment
Total
Cost
At 1 April 2024 (as reslaled)
Addilions
275,838
402,641
126,112
2,074
401,950
404,715
Al 31 March 2025
678,479
128,186
806,665
Depreclatlon
At 1 April 2024
Charge for the year
At 31 March 2025
15,900
5,300
21,200
79.805
14,460
94,265
95,705
19,760
115.465
Carrying amount
At 31 March 2025
657,279
33,921
691,200
Al 31 March 2024
259,938
46,307
306,245
25

Doryjsign Envelope ID.. 82619578.25CC426C-8D9C-F13B35A027AD
Readipop Limited
Company Limiled by Guaranlee
Notes to the Financial Statements (contlnuad)
Year ended 31 March 2025
17. Debtors
2025
2024
(re8tat•d)
Trade debtors
Prepaymenls and accrued income
Other debtors
14,587
1,222
80,395
17,680
36,590
12,616
96,204
66,886
18. Credltor8: amounts falllng due wlthln one year
2025
2024
(M8tated)
8ank loans and overdrafts
Trade creditors
Accruals and deferred income
Social security and other laxgs
Other creditors
16,317
180,590
52,550
2,489
143
16,317
17.582
106,222
3,846
1,143
252,089
145,110
19. Credltors: amounts falllng due after more than one year
2025
2024
1rn8t•ted)
Bank loans and overdrafts
66,279
78,945
During the year lo 31 March 2022, Ihe Charity entered into a loan for £80,000 repayable over 60
months at an inlerest rate of 7/0 per annum. There was an oulslanding balance of £52,980 al 31
March 2025.
The Charity also took a bounce-back loan of £50,000 from HSBC bank in 2021. There was an
outstanding balance 01 £29,617 at 31 March 2025.
20. Penslons and other posl rellrement beneflts
Deflned contrlbutlon plans
The amount recognised in income or expenditure as an expense in relalion to defined
contribution plans was £3,94912024- £5,074).
26

Docusign Envelope ID.. 8261957&25CC426c.8D9C_F13B35A027AD
Readipop Limited
Company Limited by Guaranlee
Notes to the Flnanclal Statements (conllnu•d)
Year ended 31 March 2025
21. Analysls of charitable fundg
Unrestrlcted funds
At
1 April 2024
At 31 March
2025
Income Expendilure
Transfers
General funds
Organisational
Contingency
Designated Fixed Asset
12,759)
317,477
(456,990)
1142,272)
40.000
58.876
40,000
58,876
143,396)
96,117
317,477
1456,9901
At
31 March 202
At
1 April 2023
Income Expenditure
Transfers
General funds
Organisational
Contingency
Designated Fixed Asset
35.254
331,798
1352,725}
117,086)
(2,759)
40,000
58,876
40,000
58,876
134,130
331,798
1352,7251
117,086)
96,117
Organlsatlonal Conllngency
The Charity Trustees have sel aside a contingency fund to cover 2-3 months of general
unrestricted operaling costs. The lund covers Iluctualions in cash flow and potential winding down
costs in the circumstanc8 that the charity ceases trading.
Deslgnated Flxed Agset
This fund represents fund balances on undepreciated capital expenditure from assets purchased
with grant monies.
ReAtrlcted lundg
Al
1 April 2024
At 31 March
2025
Income Expenditure
Translers
Youth Music
National Lottery
The Earley Charity
Garfield Weslon
xox
BBC Children in Need
UK Youth Fund Digital
Inclusion
10,000
20,000
12,500
30,000
110,000)
10,000
19,569
10,326
41,165
30,000
19,569
36,542
40,351
{12,500}
(3,7841
18141
5,000
{5,0001

Doujsign Envelope ID.. 82619578-25CC426C-8D9C-F13B35A027AD
Readipop Limited
Company Limited by Guarantee
Notes to the Financlal Statements (continued)
Year ended 31 March 2025
21. Analysls of charltable funds (continued)
AAA
8CF
Dr Martens
Blagravelchris Bev.
ACE - Readipop Studio
UK Youth Fund Digital
Inclusion
27,500
11,500
(27,1441
356
11,500
37.000
30,000
349,152
67,000
349,152
5,000
500,652
{5,0001
164,2421
118,060
554,470
At
1 April 2023
At 31 March
2024
Income Expendlture
Transfers
Youth Music
National Lottery
The Earley Charity
Garfield Weston
xox
BBC Children in Need
UK Youth Fund Digital
Inclusion
AAA
BCF
Dr Martens
8lagravelChris Bev.
ACE - Readipop Studio
UK Youth Fund Digital
Incluslon
10,000
10,000
19,569
10.326
41,165
25,000
(5,4311
{4,4921
120,3641
110,0001
14,818
53,110
8,419
10,000
5,000
38,626
3,600
20,000
37,000
(5,0001
155,7121
(3,6001
120,000)
17,086
37,000
77,928
147,645
1124,5991
17,086
118,060
28

Doojsign Envelope ID.. 82619578-25CC426C.8D9C.F13B35A027AD
Readipop Limited
Company Limited by Guarantee
Notes to the Financial Statements (conllrnmd)
Year ended 31 March 2025
21. Analysis of charitable funds {contlnu•d)
The Charity had a number ol restricled funds operating during the year. The primary purpose for
the funding is shown below:
Youth Muslc
£1 Ook grant split ov8r 3 years to supwrt our AAA youfft programm8. Final payment in Feb 2022.
A new 3 year £1 Ook AAA programme started in March 2022. Ends March 2025.
XOX Prole¢t
A National Lottery Heritage Fund project lo develop an electronic music herllage education
resource Sncluding the purchase of some vintage electronic Instruments. October 2021 March
2023.
Natlonal Lottery project
A new National Lottery project £10K for solar panels
Earley Charlly prolecl
A new Earley Charity project £25K towards Capilal Prolect.
BBC Chlldren In Need
Supports the AAA youth programme, £10,OOOtyear for 3 years. Now completed.
Garfleld Weston
Relocation to Trallord Road
Blagrave Trust
Grant for work with young people, £20,OOOlyear. Ends 2026.
Funding for combined Youth Programme supporting young people up to the age of 25 funded via
a mix of sourc8s including Youth Music.
BCF
Funding for combined Youth Programme supporting young people up to the age 0125 funded via
a mix of sources including Youth Music.
Dr Martens
Supported the AAAJyoulh programme. Grant Closed March 2025.
Included within the above lunds is £369,152 received in the year and spent on capital
refurbishment of the Charity premises. The work was ongoing at the year end.
29

Docusign Envelope ID.. 82619578.25CC426C_8D9C-F13B35A027AD
Readipop Limited
Company Limited by Guarantee
Notes to Ihe Flnanclal Statements (contlnu6d)
Year ended 31 March 2025
22. Analys1$ of net a8set8 between funds
Unrestricted
Funds
Restricted Totsl Funds
Funds
2025
Tangible fixed assels
Current assets
Creditors less than 1 year
Credilors greater than 1 year
Net assets
282,017
17.0451
1252,0891
166.2791
143.396)
409,183
145,287
691,200
138,242
1252,089)
(66,279)
511,074
554,470
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Tangible fixed assels
Currenl assets
Creditors less than 1 year
Creditors greater than 1 year
Net a88et8
306,245
24,253
1145,1101
178,9451
106,443
306,245
131,987
1145,110)
178,9451
214,177
107,734
107,734
23. Prlor year adlu8tment3
A review of Ihe restricted fund balance5 resulted in the identification of a number of funds used
for the acqui51tion ol capital i18ms where the requirements ol the reslriction have been met,
allowing the Charity to use the asset acquired on an unrestricted basis for its charitable purposes.
The net effect of these adjuslmenls in to reduce restricted funds by £58,876 ai 1 April 2023,
reclassifying as unrestricted designated fixed asset funds, There is no change lo the total
reserves, Restricted funds at 31 March 2024 were reduced by £58,876 on the figure previously
reported.
24. Analy819 of changes In net debt
At
At 1 Apr 2024 Cash flows 31 Mar 2025
Cash at bank and in hand
Debt due within one year
Debt due after one year
65,101
116,3171
178,9451
(30,1611
123,063)
42,038
116,317)
166,2791
(40,558)
12,666
110,397)