REGISTERED COMPANY NUMBER- 08633047 IEngland and Wales)
REGISTERED CHARITY NUMBER: 1153185
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024
FOR
AF&V LAUNCHPAD LIMITED
Streets Audit LLP
c/0 The Old Exchange
64 West stockwell Street
Colche5tEr
Essex
COI IHE

AF&V LAUNCHPAD LIMITED
CONTENTS OF THE FINANCIALSTATEMENTS
FOR THE YEAR ENDED 30JUNE 2024
Page
Report of the Trustees
I to 13
Report of the Independent Audltor5
14 to 16
ststement of Flnanclal ActivlJes
17
Balance Sheet
18
Cash Flow Statement
19
Notes to the Cash Flow Statement
20
Notes to the Flnan¢lal Statements
21 to 35
Detalled Statement ol Flnanclal Activltles
36 to 37

AF&V LAUNCHPAD LIMITED IREGISTERED NUMBER:086330471
REPORT OFTHE TRUSTEES
FOR THE YEAR ENDED 30 JUNE 2024
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the fi'nancial
statements of the Charity for the year ended 30 June 2024. The trustees have adopted the provisions of Accounllng and Repornng bv
Charitie5.' Statement of Recommended Pr3ctr'ce applicable to charitr'es preparing their accounts in accordance with the FinJncial Reporting
Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20191.
REPORT OFTHE TRUSTEES AND DIRECTORS COMBINED
Chair's Report
l am pleased to report that Launchpad has housed and provided essentiol support to 162 veterans this year and 72a slnce inception in
2013, thus aiding a successful transition to Civilian life. Over the past 5 years, on average 42% of our resldents gained employment and
62% moved on successfully,. these are impresslve hgures as around 85% of our resident5 came from a homeless background over the
same period. This is what Launchpad 15 all about, givin8 a helping hand to veterans who need a bit of support at th15 Stage of their lives,
SD they can then live successful arid independent lives thereafter.
Launchpad provides 98 flats for veteran5 and their partners In 3 locations, Newcastle upon Tyne, Liverpool and Durham. Occupancy of
Launchpad's houses continues to be high and there is no doubt Launchpad helps reduce homelessness among veterans, particularly In
the north of England. The Charity benefltted enormously from Op Fortitude, the then-Government's initiative to end homelessness
among veterans. Launchpad received nearly £650K over 2 year5 to help In S areas.. psychotherapy SUPPDrt in each house, funds for
acfjvittes, salary funds for staff in each house to fpcus on veterans, trainin8 and employment and again, salary funds for an independent
livln8 Coordinator in each house, to ensure alumni of Launchpad can access support If needed.
This year. from july 2023 June 2024, Launchpad celebrated Sts 10th annlversary in 3 varSety of ways, Including a highly successful
fundraising dinner, which w35 well-supported by partner organi5afjons and Sponsors. We are plannlng on repeating that regularly. We
3150 celebrated the 10th anniversary with lundfaising activities such as a cycle ride from Rock to the Rock lof Gibra1tarl, a sponsored golf
tournament and a Royal visit, among many activities,
It was a fithn8 event in our tenth year, showing how the Charlty has very
successfully grown and increased in its capability to help veterans in need. The Royal vlsSt was in May and the Ouke and Duchess of
Gloucester very kindly vislted Avondale House in the Byker Estate. Newcastle upon Tyne.
I would like to thank the many fundlng organisations Ilisted later In the report) and volunteer5 that have supported Launchpad.
Furthermore, corporate organisations have bectsme very involved with each of the houses. provldlng volunteers to carry out tasks In the
houses, providing 8ifts in kind and donations. l arn grateful to our Corporate Fundraising Team for thelr energetr'c and dedlcaled support
to Launchpad.
I would Ilke to extend heartfelt thanks from the trustees and the staff of Launthpad to the staff in the many partner or8anlsafjons with
whom Launchpad works and depends upon to provide sustalned and benelicial support for the resident veterans.
effort. Finally, I must point out how wonderfully dedicated Launchpad's staff are to both Launchpad arid the veterans who reside in our
three houses. Their job is frequently challenging, difficult and emotionally draining, however, they also enjoy seeing really Positive
developments In m05t of thelr resident veterans and it 15 this that drives us all to do as well as we can,
Lucy Perriam
Chair, Trustee and Director
Page I

AF&V LAUNCHPAD LIMITED IREGISTERED NUMBER:086330471
REPORT OFTHE TRUSTEES
FOR THE YEAR ENDED 30 IUNE 2024
OBIECTIVES AND ACTIVITIES
Oblettives and aims
The objects of Launchpad remain as follows..
The rellef of financlal hardship amongst servlce personnel and armecl forces veterans and their dependants lin¢luding those who are
serving rnemberg that are about to leave, and those who hove served in the armed forces and have already left) by the provlsion of
housing and accommodation, the provision of edLJcatr'on, training, employment and financial support to help them resettle into civilian
To promote social inclusion for the public beneht by preventin8 the beneliciarles identr'fied in the object from becomin8 soclally excluded,
relieving the needs of those beneficiaries who are socially excluded and assistin8 them to integrate into 50cietv.
For the purpose of this clause '50cially excluded, means being excluded from society, or parts of society, as a result of one of more of the
followlng factors.. unemployment,. financial hardship, youth or old age,. institutionallsation; ill health (physical or mentall,. substance abuse
or dependency including alcohol and drugs.. poor educational or skS115 attainment, relattonship and family breakdown or rejection,. poor
housing Ithat is houslng that does not meet basic habltable standards. crime (either as a victim of crime ¢r as an offender rehabilitating
Into stscletvl.
Page 2

AF&V LAUNCHPAD LIMITED IREGISTERED NUMBER: 086330471
REPORTOF THETRUSTEES
FOR THE YEAR ENDED 30JUNE 2024
OBJECTIVES AND ACTIVITIES
Significant activities
Strategv
Launthpad employ$ 5.stages of care to its residents. on top of housing and flnancial advice..
l- Reception lown place, benelits, support plan)
2- Stabilising (mental health support if needed, psychotherapy)
3- Sociali5ing lactivities)
4- Preparation for employment l independent life leducatr'on and training)
S. Independent living Imonltored ljy Independent Livin8 Coordinator IILCII
Service Delivery
Launchpad provide5 veterans with accommodaticin lthelr own refurblshed, one-bedroom flatl and commun31 facllitr'&s, for which thev
pay rent, either using housin8 benefit, income or savings, in the majority of cases for up to two years,
Each veteran is a55essed on arrival
and 3 specilic developmental plan is pul in place, It will take into account the individual's health, wellbeing and ambittons. Working wlth
other organisatr'Dns, Launchpad provides welfare and mental health support, as well a5 signp0s￿n8 to expert5, as nece55ary,' then
Launchpad help5 the veterans acqulre lob5, Vla tralnlng If necessary, and permanent housing.
One of the mèjor benefits of livlng In one of the Launchpad houses is the abillty for veterans to mix with individuals who have been
through similar experiences while in the mllitary.. they usually feel part ol a team again and can help and support one another. Through
a mix of voluntary social events and physlcal acttvlfje5, many referred to as diverslonary activities, the veteran5 galn confidence and sociol
We work with many other agencies and charifjes to provide support to our residents including, at the appropflate time, training and
employment, followed by housing advice. When the veteran is ready, or when he or She decides, we help them move on to independent
living. The charity uses the Outcomes Star and sUPPOrt plans to plan and monitor veterans, development.
House Management
Each House is run by a Manager, a Deputy Manager and staff to cover operations, facllities, wellare, mental health, activities, training and
employment, and alumni care. The Manager of Avondale House has also managed Hollyacre House. The number of siaff lor the 3
houses comprised 22 full-time and 3 part-time employees.
Fundralslng
Launchpad has engaged Individual contr3Ctors to raise corporate dona￿on5. Thls ha5 had a major impact, particularly through glfts-In-
kind and volunteering from some well-established names such as.. Esh Construction. BAE Systems, EQUANS, Astra Zeneca, Asda,
Morri50ns, Tesco, Bell Group, BITA, B&Q John Turner con5tructr.on and Dthers. Capidale ctsnttnue to ralse funds very successfully
through grant applicaknons.
Publlc beneflt
Having regard to the Charity Commission's public benefit guidance, the Trustees of LaLJnchpad confirm that we are aware of the guidance,
we have taken it into account when making a decision to which the guidance is relevant. and we believe the charity is doing a huge amount
for public benefit.
Page 3

AF&V LAUNCHPAD LIMITED (REGISTERED NUMBER.. 086330471
REPORT OFTHE TRUSTEES
FOR THE YEAR ENDED 30 JUNE 2014
ACHIEVEMENT AND PERFORMANCE
Charltable activlties
Launchpad has looked after over 720 veterans since opening in 2013. 162 veterans lived in Launchpad'5 three houses this year, 80Y.
from homelessness or slept rou8h/sof3 surfed, 49% with mental health problems and 98% unempSoyed on arrlval. The stati5tic5 that
m05t indicate positive outcome5 are thèt on average, 50% secure employment durin6 thoir time with us and 62% move on successfully.
Current interesting Statistrcs are as follows,.
Key outcome statistics for the year are as follows..
Category
Avondale House
Hollyacre House
Speke House
Total No.1% of wholel
Resident5 durlng year
47
23
92
162
Resldents at year-end
30133
191%)
14115
193%)
44150
188Y.I
88198
190%)
Residents from a homeless background
40147
185%)
11123
148%)
78192
185%)
1291162
180%)
Residents gaining employment in the
vear
15147
132%)
5123
122%)
40192
143%)
601162
137%)
Residents from HMP
1147
12%)
0123
(0%)
9192
iio%i
101162
16%)
Successfully moved on from Launchpad
15.year average)
59186
169%]
13116
181%)
1061183
158Y.I
178 1285
162%]
Employment on move.on15 year
average)
25186
129Y.I
6116
138%)
47 1183
126Y.I
781285
127%>
We use in-depth, annual resident Surveys to track progress across a wide range of measures includlng skllls, employabllity, se1f-confldence
and opdmism. In our 2024 evaluation of veterans supported by Lauxchpad, veterans reported the followin8 Outcomes..
Feel better suppgiie(J
95%
Iinpitsved ivellbei1i8
89%
Receivetl lielp they couldi)'t 8è1 an￿.111ere eSse
Feel le55 lonèly
89%
89%
Betrer able to lind long.tem) acconiii)odatioii
87%
Beller able to ni3naBe n￿neV
87%
81%
Better able to deal %'iith dru8 andlor ¢)Icoliol addiciion5
77%
81r,'.
9(r.o I￿."
Page 4

AF&V LAUNCHPAD LIMITED (REGISTERED NUMBER.. 086330471
REPORT OFTHETRUSTEES
FOR THE YEAR ENDED 30 JUNE 2024
We also ask veterans to tell us about their experiences before coming to Launchpad. The veterans responding to our annual survey In
2024 reported the following experiences..
88%
TliouHlii aboui suicide 56%
LOllS.ierm phys￿￿1 liealih Eondition/(1isa￿llI¥ 44%
Addiction pro￿eN5 Isell.repoiiedl IIIIIm￿ 41%
sell.hami
.qrr'
Case Studv
Adam's storv.
'Launchp3d has been brllliant, the house is 59 peaceful and my support worker, Sharon ha5 been excellent. Trust is a masslve thing for
me and I felt cornfortable and trusted her stralght away. She made me feel valued and is very approachable.
Adam, 47, from Klrkcaldy, Scotland, admits he's had a really tough upbrin8ing and sights a lot of the ￿ssueS he experienced as a child,
contribute lar8ely to hls complex PTSD. Despite hls homelile, Adam, who is one of fi've, always wanted to join the Army just like hls
bruther. He loved sports and was keen on playing football. He jollled the cadets at 10 years old and found himself in and out of foster
care frorn the aBes of 12-16,
He signed up to the Adjutant General's Corps at 18, successfully completing phase l of training. Due to clrcumstances out of hi5 control,
e was unable to complete phase 2. sn 2002, he re-joined, initially training as a combat rnedical technlcian but eventually settling a5 a
movernent controller for the Royal Logistics Corps where he completed five year5, service.
He Spent 5 months in Iraq and sald it Was Stressful bèing attacked every night in Basra. Whenever there was down￿Me, he turned to
alcohol to cope with his complex PTSD which now he realises laid dormant since childhood. It was also in 2005 when he turned trans,
transitioning from female to male. He got posted to Germany but alcohol and his life spiralled out of control and he spent time in hospital
before being medically discharged in 2007.
Moving back to the UK, he qualified as a health trainer for the NHS and worked as a supervisor on a recycling initiative at the local authority
which he really enjoyed. He said.. '1 was able to use my military experience to read m8p5 and guide colleagues to deliver the service, I
really enjoyed this role., He then moved to Buxton to start a family 2nd fell pregnant with his daughter. He managed to stay off alcohol
for a number of years and worked part-time toi provide for his daughter.
Page 5

AF&V LAUNCHPAD LIMITED (REGISTERED NUMBER- 086330471
REPORT OF THETRUSTEES
FOR THE YEAR ENDED 30JUNE 2024
After 3 visit to Scotland, things took a turn for the worse and he turned to alcohol again. He experienced severe trauma symptom5 frorn
his childhood and feared for his daughter, who went into care at the age of four. He also served nine months at HMP New Hall in Wakefield
for breaking a su5perided sentence. In 2020, he w@nt on detox and kickstarted his recovery. MoTe than 4 years later. he 15 still dry and is
determined to put the past behind him. He is working hard on himself and also giving back to those who may be going through similar
experiences.
He said.. '1 have come this far and I'm proud of myself. I want to give back and help those who may be going through what I've been
through. The Armed Forces Outreach Service has been great - I have a lot to thank them for. They helped me to engage with a recoverv
college for my mental health and they have got me on the waitrn8 list to get trauma treatment.
Prior to Launchpad, Adam was livin8 at Hardwick House in Middlesbrough and volunteers at Re-co-co - a recovery college In Newcastle
that offer5 peer-led mental health education and support. He als0 completed their ambassador training programme and worked in the
recovery cafe.
He rnoved into Launchpad's Hollyacre House in November 2023 and sald. Launchpad h35 been brilliant, the house is so peaceful and mv
support worker, Sharon has been excellent. Trust Is a massive thlng for me and I felt comfortable and trusted her straight away. She made
me feel valued and is very approachable. I Ilke that human interactr'on.
'Launchpad treats me no differently. They always inspire and encourage me to 8et involved and I'm looking to cont'nue to do my peer.
support, l also volunteer with R3inbDW Recovery in Middlesbrough to support and share My experiences with LGBTQ1A around alcohol
and drugs.
Sharon said.. 'Adam is doing really well and is tryin8 and turn h15 life around. He should be very provd of being over four years dry. Since
rnovin8 into Hollyacre House, he has engaged wlth staff and fellow resldent5 which 15 8reat to See. It's just goin8 to take ilme but he Is so
keen to give back and help those who may be struggling.
'8y the end of the year, he hopes to be working p8rt.time and possibly full.yme next year. He is already looking to move.on and Ilve
independently and re.engage with hi5 daughter.
Communlty Project
Speke House Communlty work
Litter Picking
Once a month we pick litter around the local area. Speke House provlded funding for Iltter pickers aT)d bag holders. The local church
dollates refuse ba85 for us to use. On average, 8 residents join vs on our rounds. We use this opportLinity to let resident5 in our communlty
know who we arp and where we are from. Feedback is always positive and any new veterans that have joined us will have the chance to
explore the area where they live,
We have a good relationship with All Saint5 Church. We have pledged to tidy their memorial site and litter pick in their grounds once a
month.
This is a well-received activity and any of our residents can partr'cipaie, no matter what their abilitfjes.
Page 6

AF&V LAUNCHPAD LIMITED IREGISTERED NUMBER: 086330471
REPORT OFTHE TRUSTEES
FOR THE YEAR ENDED 30 JUNE 2024
Partner Organisatrons
Launchpad depends on partner organis3tions to effect the holistic support we bringto the residents. Key partners, whom we would like
to thank for their excellent work are a5 follow5..
Avondale House
Welfare
We Are wlth You, Unique Fitness, RBL, SSAFA, ASF, CRISIS Skylight, Plumber
Court, WWTW. Project Nova, OT Placements. Northumbria Universltv.
Newcastle City Council, Northern Learning Trust, Newcastle Veteran5 Cycle
Hub, Gateshead Walklng Club, DWP, Food Banks, Local Grant scheme'5,
Turn to Us, Greggs Trust, Crisis support scheme, SIS.. Newcastle City council.
Mental Health
Op Courage. MIND, Combat Stress, Veterans at Ease, TILS, Anxlous Minds,
Talking Therapies, Ment31 Health Concern, Samaritans, NH5 Community
Mental Health Team, Plummer Court, Humankind, Head Start, NTAR..
Integrated Drug & Alcohol service, Crisls team, Samaritans. James, Place.
Dlversionary Ac￿VI￿e5
St Michaels Communlty Centre, St Mlchaels Church, Byker Primary School,
Byker Community Trust. Gardening Activities, Walklng, Veterans breakfast
Club, Boxing, Go-Karting, Craft5, Gyrn, Beamish visits, painting & Decoratr'ng
ctivity, Battle Back Residential ac￿vItY center.
Employrnent Trainlng
CRISIS Skyllght, Newcastle Rall Network, Amazon, RE,, GEN, Newcastle
University, Sunderland University, People Plu5, Building Heroes, RMF,
Northern Learnin£ Trust, NE Counclls.
Educadon and Trainin8
Walker HIVE, Northurnberland University, Lifeworks, Bell Group IP&DI,
Learning Curve, CRISIS Skylight, Re-co-co, Newcastle University,
Sunder1and Unlversity, SAVANT, Northern Learning Trust, Multtplv.
Housing
Gateshead Council, AFOS (Northumberland, Newcastle, North Tyneside,
Durham, Gatesheadl, HAC, Private Landlords, My Space, Changing Lives,
Riverslde, Veterans Gateway, Shelter, Byker Community Trust/Karbon
Home5, Places for people, Johnny Johnson Housing, Gentoo, Your Homes
Newcastle, South Tyne51de HL)mes, Gateshead Housing, Anchor Housin&
Thirteen Group.
Others
Money Matters, Veterans UK, CAB, SSAFA, RBL, ABF, EE, National Energv,
Neighborhood Policp. GP'S. Dentists, Loca1 Health centers, Newcastle Law
Cenire, Local Comrnunily Centers, Newcastle Carers. Health and Social Care
Direct Safe8uardin8 Toam, Armed Forces Forums each of the LA'S.
Speke House
Welfare
Addaction, Veterans Welfare, R8L, Everton Sn the Community. Tom Harrison
House,Rise. Project Nova, Carpenters Arms. Integrated Recovery Services,
wwrw, Veterans Aid, Social Services, Sanctuarv.
Mental Health
Talk Llverpool. Mos5 House. CHATS, Loc31 GP /CPN support, Op Courage,
PTSD UK, John Luc3s- Therapist, Mindset matter5, Combat Stress, Life Ways,
NH5 crisls team, Andys Man Club.
Diversionary A¢tivlties
Everton in the Community. Battle-Back Centre, LFC Foundation,Cat Zero,
Bearded Men, CFO, Mi55ion Motorsport, Dutch FarmlYMCA, Donkey
Sanctuary, Fishing club, Calmer Waters, Breakfast Club, Air fiix Model Club,
Cycling Club, Cooking Club. Allotment & Gardenlng Club.
Page 7

AF&V LAUNCHPAD LIMITED IREGISTERECJ NUMBER: 086330471
REPORT OFTHE TRUSTEES
FOR THE YEAR ENDED 30 JUNE 2024
Training, Education &Employment
Speke Training and Educats"on Centre, DWP, Sovini Group, Liverpool in
Work, Inside Connections, Veterans into Logistics, Equans, Training
Solutions. Skill Force, Skill boot camp, Ftw Training, ALT Valley
Communiversity, Building Heroes. Speke Hall, Seascope, CE3, Catch 22,
NWA Academyj FTW, Job Skilla, Trainin8 & Employment Services, OPS,
Ingeus, Veterans lob Board, WWTW, Life Works, High Ground
Housing
South LlverpDol Homes, Property Pool Plus. CC Housing, Riverside, Anchor,
Liverpoolmutual Homes, Tarus, Houslng 21, Op Fortitude, Private
Landlords.
Others
Warrior Pro8rarnme, 8&Q Nelghbourlyi local councillors, A5tTaZeneca,
Morrisons. Tesco, A5da, Royal Navy, Probayon & Community payback
service, All Saints Church & Local nei8hbourhood. Ladies Fellowship group,
Hollyacre House
Welfare
WWTW, Prolect Nova, Llve Well NE, RBL SSAFA, ABF, East Durham
Veterans, Sunderland University OT Placement5, Age UK, DCC Social
Worker, NHS Healthsquad, H4H, Battle Back. WWTW, Gym 24 Sacriston.
Mental Health
On Site Psychotherapist, Sunderland Universlty OT Placements, Chester-Le-
5treetMental Health Clinic, AnxSous Minds, Veterans at Ease, VTILS, NHS
Veterans Mental Health Complex Treatment Services, GP Secondary Menla1
ealth, Tees, Esk andwear Valley Foundatton NHS Trust, CRISIS, H4H,
WWTW, OP Courage.
Dlversionary Acfjvifjes
Battle Back, The Old Church 5acri5ton, Breathing Space, Men's Shed Witton
Gilbert.8attle Zone, NHS Trust Durham & Darlington. DCC Health Squad,
Durham & Darlington NHS Trust, Combined Veteran5 England Football Club.
ESH Group, RFEA, BAE, EQUANS, RE.. GEN Group, Orange Box, Kier
Construction,H4H, WWTW, NE County Council Employment and Trainlng
Coordinator.
Employment Training
Education and Trainin8
Learning Curve, Northern Le2rnlng Trust, Woodshed 5acriston, NE Counclls
Educabon/College5 Durham LearnlMultr"p1y, Northern Learning Trust,
Orange Box, RE COCO College.
Housing
AFOS, Durham Key aptions119 Housln8 Providers), Home Group, Anchor
Houslng.
Others
Supported Htsvsing lrnprovement Programrne Tearn, Durham Armed Force5
Forurn, Non-commissioned Housing Providers Forum, Armed Forces
Buslness Forum
Page 8

AF&V LAUNCHPAD LIMITED IREGISTERED NUMBER.. 08633047)
REPORT OF THETRUSTEES
FOR THE YEAR ENDED 30JUNE 2024
FINANCIAL REVIEW
Financlal posltion
Income for the year totalled El,655,22112023 £1,272,873) which Included restricted grant income of E601,916 12023- £276.0841 less
restricted deductr.on lo rents of E6,71912023 £7,408) for heatinggrants and unrestricted income of £1,060,02412023- £1,004,19713ri5ing
from rents, service char8es, bank interest and donations.
Expenditure for the year totalled £1,589,38412023 £1,287,843) of which £493,58712023 £229,039) was restricted expenditure leaving
unrestricted expenditure of £1,095,79712023 - £1.058.8041.
There was an overall surplus of £6S,837 for the year12023 deficit £14,970).
Net issets at 30th lune 2024 totalled £1,482,792 12023 . £1,416,9551. Thls included fixed assets of £1,044,939. debtors of £73.982,
cash at bank 01 £700,872, short term liabilitie5 of £113,769 and long terrn liabilities of £223,232.
Reserves held at 30 June 2024 totalled £1,482,79212023.. £1,416,955) made up of Unrestricted Fund5 £1,237,95312023 £1,273,726) and
Restricted Funds £244,83912023 £143,229).
Launchpad's princlpal sources of income lover £IO,0001 in the last year have been..
Rental income.. £459,101
Servlce charge Income,. £495,338
Spon50r5hip and fundraising events £27,347
Grant income.. £61ys,371 most of which was from the following..
Army Benevolent Fund
The Albert Gubèy Charitable Foundation
The Veteran5' Foundation
Queen Mary'5 Roehampton Trust
The Armed Forces Covenant Fund Trust
The Charity of Sir Richard Whitrngton
Royal Navy and Royal Marines Charity
We express our thank5 to those funding organisatians who have Supported Launchpad. All expendlture has been used to sustain the
activitie5 of the charity, according to its objects,
Fundin6 goes to pay rent on Avondale House (to Karbon Homesl, salaries. runnin8 Costs,
capital expenditure and veterans, activities. We have yet to build up sufficlent reserves to require investment objecfjves, other than to
maximise bank interest.
Reserves pollcy
Our aim 15 to build up sufficient reserves to cover the following..
Unforeseen emergency leg repairs)
Temporary staff costs
Income ceased, or halted unexpectedly
Short-term cover between grants
Closure- Redundancy £88,500, 2 months running cos15- £266,000.
Thi5 currently amounts to £498,000. Actual reserves excludin8 fixed assets were £466,000 at 30 June 2024.
The Reserves Policy is reviewed from tr'me to time.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governin8 document
The charity is controlled by its governing document. a deed of trust, and constitutes a limited company. limited by guarantee, 3$ defined
by the Companies Act 2006.
Page 9

AF&V LAUNCHPAD LIMITED (REGISTERED NUMBER: 086330471
REPORT OF THETRUSTEES
FOR THE YEAR ENDED 30JUNE 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT
Ofganlsational 5trutture
The or82nisation of Launchpad is a5 follows..
Launchpad's Structure YE June 2024
TrUSTE
tk Tubbs ICh4lr, partoly*irl
Lucy Perithm (new Chalr. part of ￿¥1
Mijor (Rttdl Ken M(Mllan MBE
Brf¢hdler IRetdl Dr Phlllp Mlur QVRIA OL
Uwl•￿nlC0lOr￿4l IAetdl Rlth4rd Thxon-W•rr•n
Colond MMkVndtth1110BE DL
S•rnhioul*• MtC4nr*v
CEO,. Mal Gen Oa¥ld Sh•wC8E
Ch•rltyS*t'. Mmdy Crompton
D•puty FI￿rK*offiC￿..J0hrt
Matth￿$ Iplrtof will
ICT M•n¥•r'.
MJrb•yr.. Phll Thompson
Oeputy Manlierl AMlf•¢1llt￿Sj., H¥
AMIProiettsl.. SDM Huihes
$pKI￿lS1 Cas**x)tk•i.. Ann Wl
i•adSuFyort wotpw. Elalne Thcffip￿ I￿rt01￿*)
SPEKE bK>USÉ
M*Nyr.' S•m l•cksM
ijeputy IIDnayr.. HIAh•m
AtlMllesCoNd., J*n Butkjvrf
SpKlaMILCaseYairk*i,. K•1• Rll•v
Ernp¢& Try Sp•t.' P•trf¢k Dowhue (wrt 01￿•r}
F•cllIl￿J CaoidinblN.. Rthrt Loekn*r
OeputyFatdlllES Milwr.. JohnRtsberts
IiC'.j•￿i ￿$ty1part￿l y••rl
Int•Mnce'. P*ul Bwrnidn
IIDuseleyr.. ColknCochr•n•
HOLLYACNE NOU
Mpnaiw.. PhIlThoM￿ttTr
Depjty M•n•i•rlLè•dsupwJrtWorknr'. Y*ronHudt
Accounts.. llna Buffdl
F•d11￿¥ ￿n￿ler.. Stts* Dodd
Am1P￿Ie¢l5l & Cafeta*er'. Chr15 Jickson
ILC.. M•ty Dou*J
Page 10

AF&V LAUNCHPAD LIMITED (REGISTERED NUMBER.. 086330471
REPORT OF THETRUSTEES
FOR THE YEAR ENDED 30JUNE 2024
STRucfuRE, GOVERNANCE AND MANAGEMENT
Induction and tralnlng of new trustees
Trustèes
The organ15atlonal structure ha5 remained the sarne, however, staff number5 have Increased. allowin8 the Charity to deliver more
comprehensive services.
Membership of the Board of Trustees has changed with one resignation and one new appointment during
the year. Lucy Perriam became Chalr, following the resignatr'on of Nick Tubbs at the end of October 2023.
Governance
Followlng wide adverttslng, Trustees are appointed by extant trustee5 through interview and consideration of Cvs. All new trustees are
fully br1efed on Launchpad, Including being shown round one or more of the houses, meeting the staff and residents. Meetings are
invariably held in one or other of the Charity's Houses, when possible,, vlrtual meetings were Ljsed through the pandemic and have been
very effective. Trustees are encoLJraged to atterid trustee training and are also encouraged to read about their duties through sltes such
as those of the Charity Commission.
A Tru5tee5' meettng Ss held every quarter and trustees are contacted between meetings, as necessary. We held weekly, virtual
mana8ement meetings Involving the CEO, Charity Secretary, administrative staff and the House Managers. Conttngent deci51ons about
Launchpad's operation are made when necessary and other decisions are made at the varlovs management meefjngs, dependln8 on
circumstance5. ThE Audit & Finance Committee meet5 when ne¢essarv.
The Charity has completed the Cobseo self-testlng Governance tool, based on best practice and Charity Commission dlrection, the re5uIt
of which shows that Launchpad has a green 5tattlS, the best that can be achieved. Elements of the work can be seen on the Launchpad
website under the Govern3nce tab.
Rlsk management
The trustees have a duty to identify and review the risks to which the charityls exposed and to ensure appropriate controls are in place
to provide reasonable assurance against fraud and error. Risks are laid out in the risk management matrlx and are considered at the
manogement and trustee meetings with appropri3te actr'on being taken to avoid or mitr'gate them. Some trustees have p8rtr"cular rlsk
areas upon which they focus, taking advantage of their professional experience. The major risk to Launchpad at the time of writing Is
worsenin8 of the economic environment leading to reducyons In income from Lgcal Authority/Government and funding organisations..
however, the charlty is in a sound positr'on at the ttme of reporting.
Structure, Governance and Management
The charity is ctsntrolled by its 8overnlng document, the Model Memorandum and Bespoke Articles of Asseciatr'on of AF&V Launchpad
Limited, and is Ilmited by guarantee. The charitable company was incorporated on l August 2013 and was registered as a charlty on the
same date.
REFERENCE AND ADMINISTRATIVE DETAILS
Reglstered Company number
08633047 (England and Walesl
Règlstered Charlty number
1153185
Reglstered offi¢e
Enterpr15e House
Harrmire Enterprise Park
Barnard Castle
DL12 8XT
Page 11

AF&V LAUNCHPAD LIMITED (REGISTERED NUMBER.. 086330471
REPORT OF THE TRUSTEES
FOR THE YEAR ENDEL) 30 JUNE 1024
Trustees
N Tubbs Iresigned 30.10.231
K Mcmillan
R Dixon-warren
L Perriam (Chalrl
Dr P Mlxer Iresigned 7.11.241
Colonel M Underhill OBE DL
S Mccartnev
8rig3dler P 6aker 08E (appointed 23.2.241
l Dormer (appointed 16. 11.241
K McGough (appointed 18.11.241
C Smith lappointed 19 11.241
Manager of Avondale House & Hollyacre House Phil Thompson
Manager of Speke House Samantha jackson
Company Secretary Amanda J Crompton
Audltors
Street5 Audlt LLP
¢/0 The Old Exchange
64 West Stockwell Street
Colche5ter
Essex
COI IHE
Advisers
8anker5
Co-Oper3fjve Bank
PO Box 101
l Balloon Street
Manchester
M604EP
Royal 8ank of Scotland
Holt's Farnborough Branch
L3wrie14ouse
Vlctoria Road
Farnborough
GU14 7NR
Page 12

AF&V LAUNeHPAD LIMITED IRÈGISTERED NUMBER.. 086330471
REPORT OF THE TRUSTEES
FOR THEYEAR ENDED 30JUNE 2024
STATEMENT OF TRUSTEES, RESPON518ILITIES
The trustees (who are also the directors of AF&V Launchpad Limited for the purposes of company lawl are responsible for preparing the
Report of the Trustees and the Hnanclal statements in accordance with applicable law and United Kingdom Accounting Standards Iunlted
Klngdom Generally Accepted Accountin6 Practice).
Company law requires the trustees to prepare fin3Thcial statements for each financial year which give a true and fair view of the state of
aflalr5 01 the charitable company and of the Incomin8 resources and application of resources, Including the income and expenditure, of
the charitable company for th3t period. In preparing those financial st3ternent5, the trustees are required to
select suitable accounting polieles and then apply them consistently.,
observe the method5 and prbnciples in the Charity SORP.,
make jud8ements and estimates that are reasonable and prudent;
prepare the fi'nancial statements on the going concern basis unless it Is Inapproprlate to presume that the charStsble company wlll
Con￿nUe in business.
The trustees are responslble for keeping proper accounttng record5 whlch dls¢105e wlth reasonable accuracy at any ￿me the financial
position of the chorilable cornpany and to enable them to ensure that the financial statements comply with the Companies Act 2006.
They are also responsible for 53fe8uarding the a55ets of the ¢harltable company and hence for takbng reasonable Steps for the prevention
and detecfjon of fraud and other irregularitie5.
In 50 far as the trustees are aware..
there Is no relevant audlt Information of which the charltable company's audltors are unaware,. and
the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audlt Informatlon and to
establlsh that the audStors are aware of that Informatton.
AUDITORS
The auditors, Street5 Audlt LLP, will be proposed for re-appolntment at the forthcoming Annual General Meellng.
Approved by order of the board of trustees on 13 February 2025 and signed on Its behalf by..
A J Crompton- S
cretary
Page 13

REPORT OF THE INDEPENDENT AUDITORSTOTHE MEMBERS OF
AF&V LAUNCHPAD LIMITED IREG15TERED NUMBER- 086330471
Oplnlon
We have audited the financial statements of AF & V Launchpad Limited the'charitable company'l for the year ended 30 June 2024 whlch
comprise the statement of financial activities, the balance sheet, the statement ol cash flows and the notes to the linancial statements,
including a summary of significant accountr'ng policies. The fi"n3ncial reporting framework that has been applied in their preparation is
pplicable law and United Kingdom Accounting Standards. including Financial Reportr'ng Standard 102 The Financial Reporting Standard
applicable in the UK and Republic of Ireland IUNited Kingdom Generally Accepted Accounting Practice).
In our opinion, the linancial statements..
give a true and falr view of the state of the charltJble company'5 affairs as at 30June 2024 and of it5 incoming resources and application
of resources, Includlng its Income and expenditure, for the year then ended,.
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practfce, and
have been prepared in accordance with the requirements of the Companles Act 2006.
Bas15 foy oplnlon
We conducted our audit in accordance wlth International Standards on Auditing IUKI IISAS IUKII and applicable law. OUT responsibilities
under those standards are further clescribed in the Auditor's responsibilities for the audit of the financial statements sectton of our report.
We are independent of the charitable company in accordance with the ethical requiremenls that are relevant to our audit of the financial
statements in the UK, includlng the FRC'S Ethical Standard, and we have fulfi'lled our other ethical responsibilities in accordance wlth these
requirements. We believe that the audit evidence we have obtained Is sufNcient and appropriate to provide a basls for our opinion.
Concluslons relatin8 to 8oln8 concern
In auditing the financial statements, we have concluded that the Trustees, Use of the golng concern basis of accounttng in the preparatton
of the lin3nclal statttments is appropriate.
8a5ed on the work we have performed, we have not identifled any material uncertaintr'es rel3Ong to events or conditions that, individuallv
or collectively, may cast significant doubt on the charitable company'5 ability to confjnue 35 a going concern for a period of at least twelve
months from when the fi'nancial statements are aulhorised for issue.
Our re5ponsibllities and the responsibilities of the Trustees with respect to golng concern are described in the relevant sections of thls
report.
Other Information
The oth2r information comprlses the information Included in the annual report other than the financial statements and gur auditor's
report thereon, The Trustees are responsible for the other information contained within the annual report. Our opinlon on the financial
statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express
any form of assurance toncluslon thereon. Our responsibility is to read the other informatton and, in doing so, consider whether the other
Information is materially inconslstent with the flnancial statementg or our knowledge obtained in the course of the audit, or otherwise
appears to be materially misstated. 11 we identify such material Inconsistencies or apparent material misstatements, we are reouired to
deterrnlne whether thi5 Elves rlse to a material misstatement in the fi'nancial statement5 themselves. If, based on the work we have
performed, we conclude that there is a material mi5Statement of thi5 Other Information, we are required to report that fact,
We have nothing to report in this regard.
Oplnlon5 on other matters prescrlbed by the Compartles Act 2006
In our tsplnion, based on the work undertaken In the course of our audit..
the information given in the Trustees, report for the ftnanci21 year for which thè fi.nancial statements are prepared, which includes the
director5, report prepared for the purposes of company law, 15 conslstent with the fi'naNcia5 statements., and
the directors, report included within the Trustee5' report has been prepared in accordance with applicable legal requlrements.
Matters on whlch we are requlred to report by exceptlon
We have nothing to report in respect of the following matter5 in relètton to which the Companies Act 2006 requires us to report to you
if, in our opinion..
Page 14

REPORTOFTHE INDEPENDENT AUDITORSTO THE MEMBERS OF
AF&V LAUNCHPAD LIMITED (REGISTERED NUMBER: 086330471
adequate accountr'ng records have not been kept, or returns adequate for our audit have not beeri received from branches not vislted
by us, or
the financial statements are not in agreement with the accounting records and returns; or
certain disclosures of trustees, rernuneranon specified by law are not made,. or
we have not received all the information and explanations we require for our audit,. or
the Trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage
of the small companies, exemptions in preparlng the Trustee5' report and from the requirement to prepare a strategic report.
Responslblllties of Trustees
As explained more fully in the Statement of Trustees, responsibilitie5, the Trustees, who are also the directors of the charitable company
for the purpose of company law, are responsible for the preparation of the financial statements and for being saYsfied that they Bive a
true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of ftnancial statements
that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the Trustees are
responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to
goin8 concern and usin8 the going concern basis ol accounting unless the Trustees either intend to liquidate the charitable company or
to cease operations. or have no realistic alternative but to do so.
Audltoy's responslbllldes for the audlt of the ftn3n¢l81 statemenls
Our objectives are to obtain re3sonable assurance about whether the Hnanclal statements as a whole are Iree from material
mi55tatement, whether due to fraud or error, and to Issue an auditor's report that includes our oplnion. Reasonable assurance is a high
level of assurance but is not a guarantee that an audit conducted in accordance with ISAS IUKI will always detect a material mi5Statement
when it exist5. Misstatements can arise Irom fraud or error and are considered material if, individually or in the aggre8ate, they could
reasonably be expected to influence the economic decisions of users taken on the basis of these hnancial statements.
Irregularl￿e5, including fraud, are instances of non-compllance wlth laws and regulatton5. We deslgn procedures in line wlth our
responslbllides, Outlined above, to detect material misstatements In respect of irre8ularitr'¢s, including fraud. The specific procedures for
this engagement and the extent to which these are capable of detecting irrègularitr'es, including fraud is detailed below..
The engagement partner ensured that the enBa8ement team colleC￿VelY had the appropriate competence, ¢apabilities and skills to
identify or recognise non-compliance with applicable laws and regUla￿On5,.
We identified the laws and regulations applicable to the charlty through discussions with trustees and other man3gernent, and from our
commercial knowledge and experience of the sector.,
We focused on specilic law5 and regulations which we Consldered may have a direct materi31 effect on the financlal statement5 or ihe
operations of the charity, includin8 the Companies Act 2006, charl￿eS Act 2011, Information Commlssioner, and Fundralsln8 Regulator.
We assessed the compllance wlth law5 and regulations identilied above through making enouires of management and inspecting
correspondencè.
These were comrnunicated within the audit team regularly and the team remained alert to Instances of non-compllance throughout the
audit.
We considered the internal controls In place that would mitigate the risk of fraud and non-compliance wlth law5 and regula￿on5.
We identifi'ed the greatest potential for fraud or non-cornpliance with laws and regulations in the following areas, and the speciflc
procedures performed to address them are described below..
- We obtained an understanding of the incorne proces5 and the flow of flnancial information to the general ledger and how this Is classified
as restricted and unrestricted.
CLJt-off tpsting was performed at the year-end date by reviewing income which had been accrued for and expenditure which had been
recorded after date to identify if any transactions had been recorded in the incorrect period.
In line with all audits under ISAS IUKI, we are also required to perform specific procedures to respond to the risk ol management Dverride.
In addressing the risk of fraud through management override of controls, we reviewed accounting record5 for any unusual adjustment5
and performed testt'ng on journal entries.
Page IS

REPORT OF THE INDEPENDENTAUDITORS TOTHE MEMBERS OF
AF&V LAUNCHPAD LIMITED (REGISTERED NUMBER: 086330471
In addition to the above, our procedures to respond to the risk identified included the follDwing'.
reviewing financial statement disclosures by testing to supports.ng documentation to assess Compliance with provisions of relevant laws
and regulations described as having a direct effect on the financial statements,.
performed analytlcal procedures to identify any unusual or unexpected relationships that may Indlcate rlsk of materlal rni55tatement
due to fraud..
made enquires to management concerning actual and potential litigation and claims, and instances of non-compliance for the year.
Because of the inherent limitations of an audit, there is a rlsk that we will not detect 311 irregularitr'e5, includin8 those leading to a material
mi55tatement in the financial statements or nun-compliance with regulatt"on. This risk increases the more that compllance with a law or
regulation Is removed from the events and transactions reflected in the flnancial statements, as we will be less likely to become aware Df
instances of non-compliance. The risk Is also greater regarding irre8ularitle5 occurring due to fraud rather than error, as fraud involves
intentional concealment, forgery. collusion, omi55ion or misrepre5ent3b"on.
A further descriptlon of our responsibilifjes Is available on the Financial Reportr'ng Council's website at,. http5,'//www.frc.or8.uklOur-
WorklAudit/Audit-and-assurance/Standards-and-guidallce/Standards-and-guidance-for-auditors/Auditors-responsibilltres-for-
audit/Description-of-auditors-responsibilities-for-audit.aspx.
This descriptlon form5 part of our audltor's report.
We communicate with those charged with governance regarding, among other matters. the planned scope and timing of the 8udlt and
slgnificant audlt lindings, including any 5ignifitant deflclencles in Internal control that we Identify during our audlt.
Use of our report
This report 15 made solely to the char￿table company's members, a5 a body, In accordance with Chapter 3 of Part 16 of the Companies Act
2006. Our audit Work has been undertaken so that we might state to the charitable company's members those matters we are required
to state to them in an auditor's report and lor no other purpose. To the fullest extent permltted by law, we do not accept or assume
responsibility to anyone other than the charitable company and the charitable company'5 members as a bodyi for our audit work, for this
report, or for the opinions we hove formed.
Rachel Skells 8A FCA Isenlor Statutory Audltorl
for and on behalf of Streets Audit LLP
c/0 The Old Exchange
64 West Stockwell street
Colche5ter
Essex
COI IHE
Date..
Streets Audit LLP is eligible for 3ppointmEnt as auditor of the charity by virtue of its ellgibility for èppolntment a5 auditor of a companv
under section 1212 of the Companies Act 2006.
Page 16

AF&V LAUNCHPAD LIMITED
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 30JUNE 2024
30.6.24
Total
funds
30.6,23
Total
funds
Unrestricted
fund
Restricted
funds
Notes
INCOME AND ENDOWMENTS FROM
DonaUon5 and IESaCI¢
57,505
601,916
659,421
472,998
Charltable activltles
Avondale House
Speke HDUSe
Hollyacre House
410,215
386,120
185,451
16,7191
403,496
386,120
185.451
262,951
352,488
158,214
Investment incorne
Other income
15,212
S,S21
15,212
5,521
10,357
15,865
Total
1,060,024
595,Ig7
1,655,221
1.272,873
EXPENDITURE ON
Charltable •cttvltles
Avondale House
Speke House
Hollyacre House
429,022
472,639
194,136
192,773
219,823
80,991
621,795
692,462
275,127
499,524
530,693
257,626
Total
1,095,797
493,587
1,589,384
1,287,843
NET INCOMEIIEXPENDITVREI
135,7731
101,610
65,837
114,9701
RECONCILIATION OF FUNDS
Total funds brought forward
1,273,726
143,229
1,416,955
1,431,925
TOTAL FUNDS CARRIED FORWARO
1,237,953
244,839
1,482,792
1,416,955
The notes form part of these financial statements
Page 17

AF&V LAUNCHPAD LIMITED IREGISTERED NUMBER: 086330471
BALANCE SHEET
30JUNE 2024
30,6.24
Total
funds
30.6.23
Total
funds
Unrestricted
fund
Restricted
funds
Notes
FIXED ASSETS
Tangible asset5
12
1,044,939
1,044,939
1,078.599
CURRENT ASSETS
Debtors
Cash at bank and in hand
13
73.982
456.033
73,982
700.872
59,144
607,168
244.839
530,015
244,839
774,854
666,312
CREDITORS
Amounts falling due within one year
14
1113,7691
1113,7691
197,0251
NET CURRENT ASS￿$
416,246
244,839
661.085
569.287
TOTAL ASSETS LESS CURRENT LIABILITIES
1,461,185
244,839
1,706,024
1,647,886
CREDITORS
Arnount5 falling due after more than one year
15
1223,2321
1223,2321
1230,9311
NET ASSETS
1,237,953
244,839
1,482,792
1,416,955
FUNDS
Unrestricted funds
Restricted funds
19
1.237,953
244,839
1,273,726
143,229
TOTAL FUNDS
1,482,792
1,416,955
These fi'nancial statements have been prepared in accordance with the provisions opplicable to charitable tompanies subject to the small
ompanies regime.
The fi'nanclal statements were approved by the Board of Trustees and authorised for issue on 13 February 2025 and were signed on its
behalf by..
L Perriam- Trustee
The notes form port of thesè linancial statements
Page 18

AF&V LAUNCHPAD LIMITED
CASH FLOW STATEMENT
FOR THE YEAR ENDED 30 JUNE 2024
30.6.24
30.6.23
Notes
Cash flows from operating activities
Cash generated from operations
Interest pald
113,565
113,3641
47,398
115,2501
Net cash provided by operating activities
100,201
32,148
Cash flow5 from InveS￿n& activltles
Purchase of tan6ible fi'xed assets
Interest received
114,4711
15.212
117,8751
10,357
Net cash provided byllused inl Investtng actiVi￿e5
741
17,5181
Cash flow5 Irom financlng a¢￿VItIeS
Loan repayments in year
17,2381
15,9121
Net cash used in fi'nanclng activities
17,2381
15,9121
Chan8e In cash and cash equSvalents In the
reporttng perlod
Cash and ¢ash equlvalentg at the be8lnnlng of the
reportlng perlod
93,704
18,718
607,168
588,450
Cash and cash equlvalents at the end of the
rePor￿n8 perlod
700,872
607,168
The notes form part of these financial statements
Page 19

AF&V LAUNCHPAD LIMITED
NOTES TO THE CASH FLOW STATEMENT
FOR THE YEAR ENDED 30JUNE 2024
RECONCILIATION OF NET INCOMEIIEXPENDITUREI TO NET CASH FLOW FROM OPERATING ACTIVITIES
30.6.24
30.6.23
Net IncomelleKpendlturel for the reportin& perlod las per the Statement of
Flnanclal A¢￿VIties)
Adjustments for..
Depreclation charges
Loss on disposal of fixed assets
Interest received
Interest paid
Ilncreasel/decrease in debtors
Increaselldecreasel in credltors
65.837
114,9701
45.098
3,033
115,2121
13,364
114,8381
16,283
52,955
110,3571
15,250
5,818
11,2981
Nèt cash provided by operations
113,565
47,398
ANALYSIS OF CHANGES IN NET FUNDS
At 1.7.23
Cash flow
At 30.6.24
Net cash
Cash at bank and in hand
607,168
93.704
700,872
607,168
93,704
700,872
Debt
Debt5 faS1ing due within l year
Debts falling due after I year
17,1361
1230,9311
14611
7,699
17,5971
1223,2321
1238,0671
7,238
1230,8291
Total
369,101
100,942
470,043
The notes form part of these linancial statements
Page 20

AF&V LAUNCHPAD LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30JUNE 2024
ACCOUNTING POLICIES
835is of preparlng the ftnanclal statement5
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared In
accordance with the Charines SORP (FR5 1021 'Accounting and Reportin8 by Charities.. Statement of Recommended Practice
applicable to charities preparing their accounts Sn accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland IFRS 1021 (effective l January 20191,, Financial Reporting Standard 102 'The Financial Reporting Standard
applicable in the UK and Republic of Ireland, and the Companie5 Act 2006. The hnanclal statements have been prepared under
the historical c05t convention,
The finantial statements are prepared In sterling, whlch is the functtonal currency of the entity.
The entity is a Publlc 8enefi't Entity,
Golng Concern
There are no material uncertalnties about the charity's abillty to continue.
Llmlted by Guarantee
The company 55 limited by guarantep. At 30 June 2024 there were 7 members I trustees each of whom had undertaken to
contrlbute an amount not exceeding £5 In the event Of a wlndlng up.
The compènybs undeT the tontrol of the directors as B body and as such 15 not controlled by any individual.
Critlcal accounttng judgements and key sources of estIMa￿On uncertalnty
The preparation ol the financial staternents requires management to rnake judgements, estimates and assumption5 that affect
the amounts reported. These esttmates and judgements are continually reviewed and are based Dn experience and other factor5,
including expectattons of future events that are believed to be reasonable under the circumstances. The Trustees con51der that
there are no signilicant estimates or judgements aff ecting these llnancial staternents.
Income
All income 15 included In the statement of financial actyvittes when the charity is entitled lo the income, any performance related
condition5 attached have been met or are fully wlthin the cantrol of the charity, the income is considered probable and the
amount can be quantilied with reasonabl¢ accuracy. The following specific policles are applied to particular categories of income..
Donation5 and legacy Income Is received by way of donatfjons, legacies, 8rants and gifts and Is inclu(Jed In full in the Statement of
Financial Activities when receivable. Where legacies have been nobNed to the charity but the criteria for income recognition have
not been met, the legacy is treated as a contingent asset and dlsc105ed if material. Grants, where entitlement is not conditional
on the delivery of a specific performance by the charity, are recognised when the charlty becornes uncondidonally entitled to the
grant.
Donated services and facilitles are included at the value to the charity, being the amount the charity woulcl have been willing to
pay to obtain services or facilities of equivalent economic benefit on the open market.
Investment income Is Included when receivable.
Income frorn charitable trading activity Is accounted for when earned,
Income from grants, where related to performance and speclfic deliverables, are accounted for as the charity earns the right to
Consideration by its perfDrrnance,
Expendlture
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully
recovered. and is reported as part of the expenditure to which it relate5.'
Page 21

AF&V LAUNCHPAD LIMITED
NOTESTO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 30 JUNE 2024
ACCOUNTING POLICIES- continued
Expendlture
C05t5 of raising funds comprlse the cost5 a55ociated with attractin8 donations, 8rants and legaeies and the costs of tradin8 for
fundraisin8 purposes.
Charitable expenditure comprises those costs incurred by the charlty in the delivery of its activities and services for its
beneflciaries.11 includes both costs that can be allocated directly to such acttvltles and those costs of an indirect nature nece55ary
to support them.
Other expendlture Includes all expendlture that Is nelther related to raising fund5 for the charity nor part of Its expenditure on
charitable activities.
AII costs are allocated between the expendlture cate8orles uf the SQFA on a ba515 de51gned lo reflect the use of the resource.
Costs rela￿ng to a particular activity are allocated directly, others are apportioned on an approprlate basis, as set out in the notes
to the account5.
Tanglble flxed assets
Depreciation 15 provided at the following annual rates in order to wrlte off each asset over Its e5￿Mated useful Ilfe,
Freehold property
Improvements to property
Plant and machinery
Fixtures and httings
Mot¢r vehicles
2% on cost
Over the term of the lease
25% on redvcin8 balance
2S% on reducing balanee
25% Dn reducing balance
Fixed assets are stated at C05t le55 accumulated depreciatton. The costs of minor addittons or those costing below £100 are not
capitalised.
Taxatlon
The company Is considered to pass the tests set out in Paragraph I Schedule 6 of the Flnance Act 2010 and therefore It meets
the defi'nition of a charitable company for UK corporation tax purposes. Accordingly, the company is potentially exempt from
taxatfion in respect of income or capital gains received withln categories covered by Chapter 3 Part 11 of the Corporation Tax Act
2010 or Section 256 of the taxation of Chargeable Galns Act 1992, to the extent that such incorne or galms are applied excluslvelv
to charitable purposes.
Fund accounttn¥
Unrestricted funds are available for use at the dlscrett'on of the trustees In furtherance of the purposes of the charity,
Designated fund5 are unre5tri¢ted funds earmarked by the trustee5 for speciilic purposes.
Restricted funds are subjected to restricdon5 on their expenditure imposed by the donor,
Hlre purchase and leasln8 commltments
Rentals paid under operating leases are charged to the Statement of Financial Actrvlttes on a straighi line basis over the period
of the lease.
Penslon Costs and othey post-retirement benefits
The charitable company operate5 a delined contribution pension scheme. Contrlbuttons payable to the charitable company's
pension scheme are chèrged to the Statement of Financial Activities In the period to which they relate.
Accounting pollcles condnued
Operattng Leases
Lease payment5 are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease
incentr'ves is recognised as a reduction to expense over the lease term, on 3 straight-line basis.
Page 22

AF&V LAUNCHPAD LIMITED
NOTES TOTHE FINANCIALSTATEMENTS- continued
FOR THE YEAR ENDED 30 JUNE 2024
ACCOUNTING POLICIES- continued
Accounting pollcle5 continued
Impalrment ol Flxed A55ets
A review for indicators of impairment is carried out at each reporting date, with the recoverable arnount being estimated where
such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior
impairments are 35so reviewed for p055ible reversal at each reportr'ng date.
For the purposes of impalrment testing, when it 15 not posslble to estimate the recoverable amount of an individual asset, an
estimate is made of the recoverable amount of the cash-generattng unit to which the asset belongs. The cash-generating unit is
the smallest identlliable grDUP of assets that Includes the asset and generates Cash inflows that largely independent of the cash
Inflows from other asset5 or 8roups ol asset5.
Flnanclal Instruments
The charity only has financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financlal instruments
are Initially recogni5ed at transaction value and subsequently measured at their settlement value.
Defined Contrlbutlon Plans
Contributions to deflned contribution plans are recognised as an expense in the perlod In whlch the related service Is provided.
Prepaid contribvttDn5 are recogn15ed as an a55et to the extent that the prepayrnent will lead to a reductton In future payments
or a c35h refund.
When contributr'ons are not expected to be settled wholly within 12 months of the end of the reporting date in which the
employees render the related Service, the liability is measured on a dlscounted present value basis. The unwindiffl8 of the discount
Is recognised as an expense in the period in which it arises.
Debtois
Trade and Other debtors are reco8ni5ed at the settlement arnount due after èny trade discount off ered. Prepayments are valued
at the amount prepaid net of any trade discounts due.
Accrued income and tax recoverable is included at the best esfjmate of the amount5 receivable al the balance sheet date.
Cash at Bank and In Hand
Cash at bank and cash in hand include5 C25h and short term hlghly liquid investments with a short maturity of three months or
less from the date of acquisition or opening of the deposit or similar account.
Credltors
Creditors are recogni5ed where the charity has a present obligation resulttng from a past event that will probably result in the
transfer of funds ta a third party and the amount due to settle the obligation can be measured or estr'mated reliably. Creditors
are normally recogn15ed at their settlement amount after allowing for any trade discounts due.
Page 23

AF&V LAUNCHPAD LIMITED
NOTES TO THE FINANCIAL STATEMENTS- continued
FQR THE YEAR ENDED 30 JUNE 2024
DONATIONS AND LEGACIES
30.6.24
30.6.23
Gifts in kind
DDrTradons
Grant5
39,967
15,083
604,371
18,609
36,605
417,784
659,421
472,998
Grants received, included In the above, are as follows..
30.6.24
30.6.23
Army Benevolent Fund
Armed Force5 Covenant Fund Trust
Albert Gubay Charitable Foundafjon
Forces Support
Leathersellers
Queen Mary's Roehampton Trust
Running costs funding
County Durham Communlty Foundation
Charity of Sir Richard Whittlngton
The Hobson Charitv
Bernard Sunley Foundation
Albert Hunt Trust
Steve Morgan Foundatton
Veterans, Ftrundatton
Hadrlan Trust
Duchy of Lancaster Benevolent Fund
Stott (Eredlnel Charitable Trust
BCT
Royal Navy and Royal M)rines Charity
NBS Community Foundation
Liverpool Airport Communlty Fund
8&Q Neighbourly
Other grants
39,321
342,802
58,839
56,630
18,512
57,163
22,657
io,ooo
io,ooo
7,000
5,000
42,799
5,000
15.000
7,000
9,323
145,200
2,000
500
4,000
io,ooi
7,000
32,080
80,000
1,000
5,000
400
11,249
5,000
1,400
8,000
2,279
604,371
417,784
INVESTMENT INCOME
30.6.24
30.6 23
Bank interest receivable
15,212
10,357
Page 24

AF&V LAUNCHPAD LIMITED
NOTESTO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 30JUNE 2024
INCOME FROM CHARITABLE ACTIVITIES
30.6.24
30,6.23
Activity
Avondale House
Avondale House
Rent receivable
service charge5 receivable
Sponsorship and fundrèlsing
events
Rent receivable
ServicE charges receivable
Sponsorship and fundralsing
events
Rent receivable
Service charges receivable
Spansorship and fundraising
events
144,648
250.135
151,246
107,778
Avondale House
Speke House
Speke House
8,713
241,575
128,682
3,927
233.524
113,014
Speke House
Hollyacre House
Hollyacre House
15.863
72,878
109,802
5,950
49,901
ia6,290
Hollyacre House
2,771
2,023
975,067
773,653
CHARITABLE ACTIVITIES COSTS
Support
costs Isee
note 61
Dlrect
Costs
Totals
Avondale House
Speke House
Hollyècre House
612,533
678,789
270,560
9,262
13,673
4.567
621.795
692,462
275,127
1,561,882
27,502
1,589,384
SUPPORT COSTS
Governance
costs
Finance
Totals
Avondale House
Speke House
Hollyacre House
397
242
8,865
13,431
4,567
9,262
13,673
4.567
639
26,863
27,502
Page 25

AF&V LAUNCHPAD LIMITED
NOTESTO THE FINANCIAL STATEMENTS- iontinued
FOR THE YEAR ENDED 30 JUNE 2024
NET INCOMEIIEXPENDITUREI
Net incomellexpenditurel Is stated after charging/lcreditingl'.
30.6.24
30.6.23
Auditor5, remuneratr'on
Oepreciation - owned assets
Other operating leases
Deficit on disposal of flxed assets
io,soo
45,098
70,599
3,033
?,soo
52,955
55,091
TRUSTEES, REMUNERATION AND BENEFITS
There were no trustees, remuneration or other benefiis for the ye3r ended 30 June 2024 nor for the year ended 30 lune 2023.
Trustees, expenses
One Trustee was reimbursed expenses of £383 for travel costs during the year ended 30 lune 2024.
For the year ended 30 lune 2023 one Trustee was relmbursed expenses of £2,016. These expenses were for travel and
accommodation costs of £516 and lor carrylng out a review of occurrences in Speke House £1,500,
STAFF COSTS
30.6.24
30.6.23
Wages and salaries
Social security cost5
Other pension costs
742,603
68,863
22,618
S94,489
57,732
18,026
834,084
670,247
The average monthly nurnber gf employees durin8 the year was as follow5..
30.6.24
24
30.6.23
20
Average number of employees
No employees received emoluments in excess of £60,000.
Key ManaEement Personnel
Key rnanagement personnel include all persons that have authorlty and respon5iblllty for plannin8, dIrec￿ng and controllin8 the
aCtivI￿e5 of the charity. The total compeNsation paid to key rnanagement personnel for services provided to the charlty was
£54,84012023..£51,8901.
Page 26

AF&V LAUNCHPAD LIMITED
NOTES TO THE FINANCIAL STATEMENTS- contlnued
FOR THE YEAR ENDED 30 JUNE 2024
io.
MATERIAL TRANSFERS
During the year there were no transfers between restricted and unrestricted funds. Ouring the previous year £42,732 was
transferred from restricted to unrestricted funds. This represented the contribution to core costs by restricted grants.
ii.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIE5
Unrestricted
fund
Restricted
funds
Total
funds
INCOME AND ENDOWMENT5 FROM
Donations and legacies
196,914
276,084
472,998
C17arltable activlties
Avondale House
Speke House
Hollyaere House
270,359
352,488
158,214
17,4081
262,951
352,488
IS8,214
Investment income
Other income
10,357
15,865
10,357
15.865
Total
1,004,197
268,676
1,272,873
EXPENDITURE ON
Charltable ac￿VI￿e5
Avondale House
Speke House
Hollyacre House
402,141
454,552
202,111
97,383
76,141
55,515
499,524
530,693
257,626
Total
1,058,804
229,039
1,287,843
NET INCOME/IEXPENDITUREI
Transfers between funds
154,6071
42,732
39,637
142.7321
114,9701
Net movement In funds
111,8751
13,0951
114,9701
RECONCILIATION OF FUNDS
Total fiJnd5 brought forward
1,285,601
146,324
1,431,92S
TOTAL FUNDSCARRIED FORWARD
1,273,726
143,229
1,416,955
Page 27

AF&V L4UNCHPAD LIMITED
NOTESTO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 30 JUNE 2024
12.
TANGIBLE FIXED ASSETS
Improvements
to
propertv
Freehold
property
Plant and
machlnerv
COST
At I july 2023
Additions
Dlsposals
3sa,000
868,973
28,935
At 30 June 2024
350,000
868,973
28,935
DEPRECIATION
At lJuly2023
Charge for year
Eliminated on dispos31
10.894
7,000
190.989
21,867
23,260
1,417
At 30 lune 2024
17,894
212,856
24,677
NET BOOK VALUE
At 30 lune 2024
332,106
656,117
4,258
At 30 lune 2023
339, 106
677,984
5,675
Fixtures
and
fith'n8S
Motor
vehicles
Totals
COST
At I July 2023
AdditiDns
Disposals
116,670
14,471
110,5991
67,512
1.432,090
14,471
116,7811
16,1821
At30June2024
120,542
61,330
1,429,780
DEPRECIATION
At Iluly 2023
Charge for year
Eliminated on dispos31
73,895
11,656
19,7141
54,453
3,158
14,0341
353,491
45,098
113,7481
At 30 June 2024
75,837
53,577
384,841
NET BOOKVALUE
At 30 lune 2024
44,705
7,753
1,044,939
At 30 June 2023
42.775
13,059
1,078,599
Page 28

AF&V LAUNCHPAD LIMITED
NOTESTO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 30 JUNE 2024
13.
DEBTORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24
30.6.23
Trade debtors
Other debtor5
Prepoyments and accrued Income
37,544
2,279
34,159
27,778
5,000
26,366
73,982
59,144
14.
CREDITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24
30.6.23
Bank loans and c*verdrafts1see note 161
Trade creditors
social security and other taxes
Ot+7er creditors
Accruals and deferred income
7,597
17,824
18,540
15,887
S3,921
7,136
9,872
16,486
3,525
60,006
113,769
97,025
15.
CREDITORS.. AMOUNTS FALLING DUE A￿ER MORE THAN ONE YEAR
30.6.24
30.6.23
Bank loans Isee note 161
223,232
230,931
16.
LOANS
An analysis clf the rnaturlty of loan515 glven below.,
30.6.24
3D.6.23
Amounts falling due within one year on detmand..
Bank loan5
7,597
7,136
Amount5 falling between one and two years..
Bank loan5- 1-2 years
8,047
7,596
Amounts falllng due between two and five years..
Bank loans- 2-5 years
27,076
25,558
Amounts falling due in more than five years..
Repayable by instalments..
Bank loans more 5 yr by instal
188,109
197,777
Page 29

AF&V LAUNCHPAD LIMITED
NOTES TO THE FINANCIAL STATEMENTS- contlnued
FQR THE YEAR ENDED 30 JUNE 2024
17.
LEA51NG AGREEMENTS
Minimum lease payments under non.cancellable operating leases fall due as follows..
30.6.24
30.6.23
Within one year
Bètween one and five years
In more than fi've years
75,219
298,767
118,333
71.432
285,296
189,333
492.319
546,061
18.
SECURED DEBTS
The following secured debt5 are included wlthin creditors,,
30.6.24
30.6.23
Bank loans
230,829
238,067
The loan is secured by a fixed tharge agalnst Hollyacre House, Sacriston, Durham.
Page 30

AF&V LAUNCHPAD LIMITED
NOTESTO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 30JUNE 2024
19.
MOVEMENT IN FUNDS
Net
movement
In funds
At
30,6.24
At 1,7.23
Unrestrlcted funds
General fund
1,273,726
135,7731
1,237,953
Restrlcted funds
Army 8enevolent Fund
Arrned Forces Covenant Fund Trust
6ig Salute
Byker Ward
Hadrian Trust
Leathersellers
Queen Mary's Roeharnpton Trust
Forces Support
An8linB Trust
3&Q Neighbourly
SH Capital Works
Liverpool Men's Suicide Prevention
Morrison5 Foundation
Nationwide
Runnin8 COSts fundlng
Albert Gubay Charitable Foundation
Chaflty of Sir Richard Whittington
Speke House ETS post
Royal Navy and Roya1 Marines Charlty
Veterans, Foundatr'on
NBS Communlty FoLJndation
Llverpool Alrport Communlty FLJnd
37,094
1,494
499
374
15,4281
111.830
31.666
113,324
499
374
500
500
15,8351
834
16,7061
1501
5,970
5,835
834
14,751
2,601
5,970
19,657
21,457
2,651
19,657
775
2,282
27,242
1,237
10,482
6,095
6,055
17741
2,282
8,727
724
7,936
466
118,5151
15131
12,5461
15,6291
16,OSSI
2,812
26,667
5.000
48
2,812
26,667
5,000
48
143,229
101,610
244,839
TOTAL FUNDS
1.416,955
65,837
1,482,792
Page 31

AF&V LAUNCHPAD LIMITED
NOTESTO THE FINANCIALSTATEMENTS- continued
FOR THE YEAR ENDED 30JUNE 2024
19.
MOVEMENT IN FUNDS. continued
Net movement in funds, included in the above are as follows..
In¢gmin8
resources
Resources
expended
Mcvoment
In funds
Unrestrlcted funds
Genera1 fund
1.060,024
11,095,7971
135,7731
Restrlcted funds
Army Benevolent Fund
Armed FDrce5 Covenant Fund Trust
Hadrian Trust
Leathersellers
Queen Mary's Rophampton Trust
Forces Support
An8lln8 Trust
B&Q Neighbourly
Liverpool Men's Suicide Preventton
Nationwide
BCTIKarbon
Runnlng costs fundlng
Albert Gubay Charitable Foundation
Charity of Sir Richard Whithngton
Speke House ETS post
Royal Navy and Royal Marines Charitv
Veterans, Foundation
NBS Community Foundatfjon
Liverpool Airport Community Fund
32,602
347,626
1,000
138,0301
1235,7961
15001
15.8351
19.1671
16,7061
1501
12,0301
17741
118,5151
14001
17,5131
161,3851
137,7091
16,0551
18,4371
153,3331
15,4281
111,830
soo
15,8351
834
16,7061
1501
5,970
17741
118,5151
io,ooi
8,000
400
7,000
58,839
32,080
15131
12,5461
15,6291
16,0551
2,812
26,667
5,000
48
11,249
80,000
5,000
1,400
11,3521
595,197
1493,5871
101,610
TOTAL FUNDS
1,655,221
11,589,384)
65,837
Page 32

AF&V LAUNCHPAD LIMITED
NOTESTO THE FINANCIAL STATEMENT5- continued
FOR THE YEAR ENDED 30JUNE 2024
19,
MOVEMENT IN FUNDS- continued
Comparatlves for movement In funds
Net
movement
in funds
Transfers
between
funds
At
30.6.23
At 1.7.22
Unrestrlcted funds
General fund
1,285,601
154,6071
42,732
1,273.726
Restrlcted funds
Army Benevolent Fund
Sir James Knott Trusi
Garfi'eld Wpston Foundafjon
Armed Forces Covenant Fund Trust
Big Salute
8yker Ward
Leathersellers
Queen Mary's Roehampton Trust
Force5 Support
Angling Trust
Draper5 Charitable Trust
SH Capital Worl(5
Liverpool Men'5 Suicide Prevention
Speke House SCW ptsst
Morrisons Foundatr'on
Nationwide
Running costs fundlng
Albert Gubay Charitable Foundation
Charity of Sir Richard Whitlington
Speke House ETS Post
8AE
29,164
4,169
15,313
24,433
499
374
12,955
2,494
2,443
2,651
2,286
7,930
37,094
14,1691
115.3131
19621
121,9771
1,494
499
374
5,835
2,880
10,000
19,014
iio,0001
112,4941
21,457
2,651
12.2861
20,000
11,2331
13,6171
13431
19,657
775
2,008
4,081
2,282
41.172
14641
2,282
27,242
1,237
10.482
6,095
6,OSS
111,1291
1,237
9,471
6,095
6,055
12,8031
12,8011
I,oii
2,803
146,324
39,637
142,7321
143,229
TOTAL FUNDS
1,431,925
114,9701
1,416,955
Pag8 33

AF&V LAUNCHPAD LIMITED
NOTES TO THE FINANCIALSTATEMENT5- Continued
FOR THE YEAR ENDED 30JUNE 2024
19.
MOVEMENT IN FUNDS- continued
Comparative net movement ift funds. Included in the above are as follows..
Incomin6
resources
Resources
expended
Movement
in funds
Unre5trlcted funds
General fund
1,004,197
11,058,804)
154.6071
Restrlcted funds
Army Benevolent Fund
Armed Forces Covenant Fund Trust
Leatherseller5
Queen Mary's Roehampton Trust
Force5 Support
Drapers ChaTit8ble Trust
SH Capltal Works
Liverpool Men's Suicide Prevention
Speke House SCW post
Steve Morgan Foundation
Natignwide
Running costs funding
VIVO Defense Services Ltd
Albert Gubay Charitable Foundation
County Durham Community Foundation
Charity of Sir Rlchard Whithn8ton
Speke House ETS post
BAE
49,222
18,512
10,000
10,DOD
22,6S7
141,2921
140,4891
17,1201
7,930
121,9771
2,880
10,000
19,014
12,2861
20,000
11,2331
13,6171
13,6431
12,2861
20,000
11,2331
13,6171
19,3231
111,1291
15,7631
iio,aooi
147,6921
15,0001
136.7041
19451
12,8031
9,323
111,1291
1,237
7,000
10,000
57,163
5,000
42,799
7,000
9,471
6,095
6,055
12,8031
268,676
1229,0391
39,637
TOTAL FUNDS
1,272,873
11,287,843)
14,9701
Purpose of Restrltled Funds
Army Benevolent Fund
Armed Force5 Covenant Fund Trust
Lealhersellers
Queen Mary'5 Roehampton Trust
Force5 Support
8&Q Noighbourlv
SH Capital Works
Nationwide
Running costs fundin8
Welcome packs and heating for residents, and sa13r1es
Op Fortitude and SCW post at Speke House
Avondale House running costs
Rovdne expenditure and relief work for war pensioners
Avondale House furniture packs
Upgrade of Speke House cr)mmLJnal kltchen
Replacement of Speke House carpeting
Towards Avondale House core costs
Avondale House running costs
Avondale House Projects post and Speke House Acdvltles
co.ordinator post
Albert Gubay Charitable Foundation
Charity of Sir Richard Whithnglon
Speke House ETS post
Royal Nawy and Royal Marines Charitv
Veteran5' Foundation
NB5 Community Foundafjon
Salary costs at Hollyacre House
Salary c05t5 for Speke House Employment & Training Speciallst post
Expenses in support of Royal Navy re5identS
Towards core costs across 311 houses
Greenhouse at HL>llyacre House
Page 34

AF&V LAUNCHPAD LIMITED
NOTES TO THE FINANCIAL STATEMENTS. continued
FOR THE YEAR ENDED 30JUNE 2024
20.
EMPLOYEE BENEFIT 08LIGATIONS
The amount recognised in income Dr expenditure a5 an expense In relation to defined contrlbuDon plans was £22,61812023.'
£18,0261
21.
RELATED PARTY DISCLOSURES
During the year E80,00012023'. £14S,2001 was received in grants frorn the Veterans, Foundation. Davld Shaw was the CEO of
AF & V Launchpad Limlted until his resignation on 31 july 2024. He was also the CEO of The Veterans, Foundation.
Page 35

AF&V LAUNCHPAD LIMITED
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 30JUNE 2024
30.6.24
Total
funds
30.6.23
Total
funds
Unrestricted
fund5
Restricted
funds
INCOME AND ENDOWMENTS
Donations and le8acles
Gifts in kind
Oonations
Grants
39,967
15,083
2,455
39,967
15,083
604,371
18,609
36,605
417,784
601,916
57,505
601.916
659,421
472,998
Investment Income
Bank interest receivable
15,212
15,212
10,357
CharStable actlvldes
Rent receivable
Service charges receivable
Sponsorship and fundraislng events
459,101
495.338
27,347
459,101
488,619
27,247
434,671
327,082
11.900
16,7191
981,786
16,7191
975,067
773,653
Other Income
Employment allowance
Insurance claim
Recharged expenses
Other Income
s,000
s,000
s,000
4,252
1,502
5,111
430
91
430
91
SS21
5,521
15.865
Total lrtcomln8 resources
1,060,024
S95,197
1,655,221
1,272,873
EXPENDITURE
Charltable actlvltles
Wages
Social securitv
Pensions
Rent
Rates and water
Insurance
492,770
56,692
18,212
70,599
12,270
10,844
249,833
12,171
4,406
742.603
68,863
22,618
70,599
12,270
10,844
594,489
57,732
18,026
55,091
12,822
10,672
L I'll
Light and heat
Telephune
Advertisins, promotion and web51te
Sundries
Repairs and maintenante
Professional fees
Carried forward
110,265
7,393
10,204
8,360
82,788
10,754
891,151
110,265
7,453
27,131
8,360
86,821
82,504
1,250,331
93,684
7,953
26,053
7,280
108,879
IS,886
1.008,567
60
16,927
4,033
71,750
357,180
Thls page does not form part of the statutory financlal statements
Page 36

AF&V LAUNCHPAD LIMITED
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 30 JUNE Z024
30.6.24
Total
funds
30.6.23
TDt31
funds
Unrestricted
funds
Restricted
funds
Charitsble activlties
Braught forward
Other office costs
Travel & accommodation
Residents events & support and project costs
Fundraising costs
Bad debts
Cleaning
Staff Trainlng
IT Software and Consumables
Motor expenses
Subscriptions
Household packs for residents
Furnlture Pack PurchasE
Furniture Rental
10th Annlversary costs
Depreciation of tangible fixed assets
Loss on sale of tangible fixed assets
Bank loan interest
891,151
4,515
5,159
13,152
35,868
12,295
4,476
5,704
4,517
12,7391
1,037
18,999
2,568
6,056
4,042
45,098
3,033
13.364
359,180
7,563
740
38,037
59,490
1,250.331
12,078
S,899
51,189
95,358
12,295
4,476
15.178
4,888
7,704
1,037
20,582
9,274
6.056
4,042
45,098
3,033
13,364
1,008,S67
8,765
5,539
43,644
73,814
29,267
4.175
6,797
5,103
3,485
1,861
1,649
3,390
9,942
9,474
371
10,443
1,583
6,706
52,955
15,250
1.068,295
493,587
I,S61,882
1,274,203
Support cost5
Flnance
8ank charges
639
639
140
Governance costs
Auditors, remuneration
Accountancy and legal lees
10.500
16,363
10,500
16,363
7,500
6,000
26,863
26,863
13,500
Total resource5 expended
1,095,797
493,587
I,S89,384
1,287,843
Net lexpendlturelllncome
135,7731
101,610
65,837
14,9701
This page does not form part of the statutory financial statements
Page 37