Trustees Annual Report and Financial Statements for
Launchpad Charitable Trust for the period ending 31 December 2024
Launchpad Charitable Trust
| Contents | |
|---|---|
| Annual report | 1 |
| Statement of Financial Activities | 2 |
| Balance Sheet | 3 |
Launchpad Charitable Trust
Charity information
Charity name Launchpad Charitable Trust Registered charity number 1178845 Charity address Lavant House School Chichester West Sussex PO18 9AB
Trustees
Mr D Youngs (Chair) Mr R Goldsmith Mrs H Cheesman
Structure, Governance and Management
Launchpad Charitable Trust is a Charitable Incorporated organisation and is governed by its Constitution. The founding trustees are actively seeking new trustees, who have a wish to support young people, from among their contacts.
Objectives and Activities
The principal purpose of Launchpad Charitable Trust is to advance the education of young people under the age of 25 for the public benefit by making grants and awards, offering education and providing accommodation. The trust also wishes to promote crafts, craftsmanship, scientific research, industry and commerce and to support newly formed enterprises and those employing young or socially disadvantaged people. By supporting the training and education of young people Launchpad Charitable Trust seeks to reduce unemployment for the benefit of the public and promote social inclusion.
Achievements and Performance
In the year 2024, the charity continued with training and fulfilling the other objectives, the welfare of the young people must be ensured to aid their growth. There were several young people using the accommodation along with the facilities on the site.
Financial Review
There was no expenditure during the year as the charity placed the young people with a local company who did not request any funding for them.
Signed on behalf of the Charity’s Trustees
Mr D Youngs
Chair
1
Statement of Financial Activities For the period ended 31 December 2024
Launchpad Charitable Trust
| Incoming resources from generated funds Voluntary income Donation Charitable activities Total income Costs of generating funds Charitable activities Bank charges Total expenditure Income / (expenditure) before transfers Transfers between funds Gains / (losses) on investment assets TOTAL INCOME / (EXPENDITURE) FOR THE YEAR Balances brought forward Balances carried forward Net incoming/(outgoing) resources before other gains/(losses) |
Unrestricted funds 51,000 - 51,000 51,000 180 51,180 (180) - (180) - (180) 8,760 8,580 |
2024 Total £ 51,000 - 51,000 51,000 180 51,180 (180) - (180) - (180) 8,760 8,580 |
2023 Total £ 40,000 - |
|---|---|---|---|
| 40,000 | |||
| 40,000 204 |
|||
| 40,204 | |||
| (204) | |||
| - | |||
| (204) - (204) |
|||
| 8,964 | |||
| 8,760 |
Page 2
Balance Sheet For the period ended 31 December 2024
Launchpad Charitable Trust
| Current Assets Cash at Bank - Current Account Total current assets Liabilities Creditors due within one year Net current assets Creditors Amounts falling due after more than one year Total Net Assets Parish Funds Unrestricted |
Unrestricted £ 8,580 8,580 - 8,580 - 8,580 8,580 8,580 |
2024 Total £ 8,580 8,580 - 8,580 - 8,580 8,580 8,580 |
2023 Total £ 8,760 |
|---|---|---|---|
| 8,760 - |
|||
| 8,760 - |
|||
| 8,760 | |||
| 8,760 | |||
| 8,760 |
Approved by the trustees 27th October 2024 and signed on their behalf.
D Youngs
Mr D Youngs Chair
Page 3