LAUNCFPAD READING (a ctynpany 11T￿ed by grymntee) Trustees, report and financial statements for the year ended 31 March 2021 Lhrfied Ctynpwy No. 1459149 Doc ID: e914eeb10411•7a28ba2d90E34db2a9a2d¢376a LAUNCHPAD READING IA company Ilmltod by gurnlw) Tru•l•M' Roport 2-16 17-19 Consoldal•d Balanc• $h•et Coniolldat•d St•t•m•ni of Cuh FkY*s No¢•¥ lo th• FIn•Cl￿ Stat•m•nts 24-40 lJx10.. 89148gb104f1a7a28ba2d90¢34th2a9a2dc376a LAUNCHPAD REAIJING IA cornpaThy Ilmltad by guJranl••) ReFEReNCE AND AOM*41STRATIVE OETAU OF TrE CHARITY. ITS TRUSTEES AND AD￿seR5 FOR THE YEAR ENDED 31 IAARCH 2021 Tn*t••s lan Haslam. W¢e Ch¥ Sean Sulclffe. Vlce Ch* Deborah Edyards Hannah Po**1 Warfr¥J Infvla Phathts {re*rnd 9 September 2021) Phlp Jones Wllam Mor Company rnolJt•rryd numb•r 1459149 Chaflty r•ql¥taY•d numb•r 279859 R•glst•rnd offlc• 18 Mwchwts pL￿e Readlng RG110T Chl•f •x•Gulfv• t)Ilkfjr &J HanYs11 Ind•p￿th￿t audllorn James Cow Kre5t( Ge￿￿ Street 8qrk5hw8 RG18LS B•nk knk Apex Haza Readh3 RG1 1AX Trk)d05 Deanery Road Brfslol BS1 SAS RG17QA Soll¢ltorn RG14QW Doo ID. •914¢¢b1041107428ba2d90c34db2a932¢k376a Trustees, Report for the year ended 31 March 2021 Thank you to our team Tho Board of trustws and 8•nior m￿a￿m￿l to*n would like to taka thls opportunlty to expre55 how gratelul we are for our arnazing slaff who have worked so tlre1•5sly durfng th• pandemlc to ansure w• can conllnue to SUPPOrt vulnerable poople In Rèadlng. W• have been awed by thèlr passlon, raÉlll•nc• and hard work over what has bwn a very strange and 8tr•ssful y•ar. Launchpad's Mission, vision and values Ourvlslon Our VA*810 OurV•k RESPECT.. We rnspRd Ur1￿￿y￿th ol•vwy EMPOWER.. Ev•ry*Jn• kas th8 oppthirdty lo ￿1p Otr￿ fdfil #*pDlorfW 1￿EGRrry: We a￿ 0￿. COAF151eniand accwrt INFLUENCE:We usa ￿5￿115 krn*4e¢ty io 0rn1 Evvy p•r*￿tIl￿ luffts lo us lsdllw•rt￿l fxes chalw4ps. Wa btspoke. IKl¥Jc su￿ortOn an He* poopfe become rn¢￿ bwolv8d kn lh* hxal Our Services 1ndpA￿lI, cwAes fan*s a slatle to trlei. (*•? at rf5k oll¢JxvJ ltrdrl¥Th. stop a hwling p￿￿￿ bec(¥nlThJ and io WW*Whtkne1•55ne55 In wvlu WO￿ CO￿ ar4J famli¢$ to t1￿ rool olthdrtrthsir¥J P￿t￿n5 so fvyar• A• to cthln 8nd wsith a l¢Wemi htyTW and lead fvl ¥rKJ b*wMl8nl kns. We prDvld8 talorBd supwl ftr Pe￿d5 olll¥eo lo slx ffir￿s fDr pe* hm ed￿al￿onal r*Bds 0rdIsa￿l￿$. ar8 ￿Cl￿n9 ol Pap2 Doc ID.. •914e•b104ff a7a28ba2d90s34db2a9a2clc376a A•adI￿.9 S•¥we W•*h•r Em•rg•n0T Protocol lh• sleopws; and In Iwjl 2. Provldlng hom•s- L•UnthP￿ 41m5 to tK•* th• cyd• oIhDn￿￿s•n•$% by provldlng t•ryornryand Ivn tttrm fTr-thos•who donl ha¥• • dean. ufe slable pl•c• to Itv 10D peopki at a kno hofflqlass (Y al rfsk of aTrY ¢(mtrlnes Ns vAlh Indl¥Klual. tw w)￿11 lo 981 rnsidarts, fv•s back (m e¥h Elenl Is wppryted lor 8 10 12 *rylh a suA)ort rl•i lo lathle the IS$￿ thal l¥)Idry Ih8m bac1( SD Ihey can ￿takI mo Wo dso proYk* lontrl•rni 10 pv¥e *KI 2 I￿￿103 lo prw*l• allo￿able arrfl $uslanable tlw can rnan•¥ a lo￿1￿ lenry ¥rxl fve • Id8. Styrthe5 clerds n8ad axtsa help to step away Irt strwJlry to&*• that n•xl slep e¢hkvè knd&p￿der Client stories 1- Craig One of the individuals we • dwing the fwsl 2020 was an army velefan called Cra*. During hls last twr in army. 18 of hls frithNls kdled. wlich re￿lled in Cralg living with PTSD. He didn'l feel like he cryjd bjm to an￿ fix suppjrt managing his mental health. and so tumed to alGol¥)l io the ari*. When hls alcohol use wt out of control. he f(Mmd himsell sleeping rough In the middle of th8 Cov1￿19 ouibreaL Craig was placed in B&B aGcornmod3lion, and was relerred to Launchpad for supporL Wlttdn 6 days, we asse5s8d Crag by ptyTh, rn0￿1 hwn Into our Swed housing, WKI allocated hlm a worker who has devebp8d a sUPPOrt plan for him: he is now regist8red with a GP. connethd with to athjress hls alrohol w arwj is worklng wllh Psychologist to address his wrsD. Slnce wo￿n9 wtth us, Craig has iold us overwthelmad he's been with th? holp that Is avaitable and thal he's not fell Ihi5 slable for a long time. and sahd11 what having secure accomodallon can do for eVwyt￿n9 else kn y(xY Ife. Doc ID.. 9914eeb104t1a7a28ba2dgoc34db2a9a2cfc376a 3. R•bulldlng Ilv•s- W• know li tak•s mor• than fvst • I￿rn• lo p•oph move out ol horrdessn•ss. W• supwt pwpt• to tadEl• th•lr lss¥u rnbulld th•tr IlY•s thmugh th•rnpwlk aGtlvllkn$ and wlth •thJCalI￿. tralnlng and •fflploymenllET Lwnthpad 135. Wwk Ulv Sklh Wo had lrtilblty IK>P8d lo 2￿. Iwl ￿hNl￿aIety. pandpmk and subsequ￿1 188lvlclkn ev•iled us SI￿11￿ QLwlknet** oladl¥itKryST*th￿ Ihe c￿11• %Yu Inlshed. We slarted wakonty dents Ifdto**w g￿ement C0VIC￿l9 9u4larKo)In Decth￿ 2020. CArnthYfxlty Ispisl t•A fflltwt•s' wak froffl olk•s bog9ts th8 fdloviry b8spok• a DIY wothslK an ￿ sits trh)b swdknJ wl onkn lowr 8 spara lorrnafve r**ltithy a¢￿1￿$ a$ Al lh• cantr•. p•opl• V4th0 arn horn•l•ss oral rfsk d kA4r¥J lh￿r hom• can Iwn naw stth. attar#1 ¢aLwwelkng, IwJYd aryj get bKklnlo I￿￿Th4. ¥d￿akn aTwJ Wo sWPrytdlqnts*lh rwrtwar¥J IT skm CV¥th3rKI knteNlw*Va.fvbsaathngand a vathi of onlne lewr*w B5 Iolth typEn9. knd PWie and C￿sIr¥Jc1I￿ skljs C9￿fir419$. We al crtmknal r8oJrds. lack ofrEu3tsficalkns. arAI tr•181 eosl& and ii1g*5kAs thllle5 Bnd *Thkth)ps. TEbxaU￿ and yoya. w15 and uaA5. art th•rJpy. co￿5011￿. and ￿￿11¥• *Til¥N T￿ Is •￿thAn9 bas•d on clenl nmds and Ihalr Th• Blg1ssu• We knY>rk wlh Th8 Brj Isw8 kj dlslthkn ol Th• 819 Issu• magazlne In R•athr¥J. IsGu& •M*kn8aro nol akvays LawKhpad *)lenls bullw￿ al tskollDglThJ tydon'l hBve COVID-19 leelwN lonely. needed su￿(￿with prnclK4 Essues ald feli CLweM￿ ob>th thè aThl kmd orw. kn re5pons•, iurKthod a lelBpkn• anyryE wthelher thpy had a l¥yJslw or lswe (¥ noL La￿ch￿l staff manned pttan￿ fr(wn Monday to Frfd4f. lO.(￿M 10 4.Cfjrffi. a &51ardng wal a dilkuli Wsl rtn In the olk• 51¥wI Igms S￿11 &4lt5 to en5LYe M br•&% kn witinuty ol sepA¢e lo ow Lawthwl'solk• to mthe calls ￿ offer gJpyL thed(8voryffrn w39 s* *?1, arKJ ensure Ihgy had Ckx ID.. 8914e•b104f187a28ba2d￿Jc34db2aYa2¢l¢378A Client stories 2 - Marcus Marcus was unexpectedly evicied from hts Ilat in 2017 wllh hls (kng Ruby. They had nowheré to go. and We￿ forced lo sleep kn Marcus. car. He wasn'l able lo afford a deposll on a new place. but secured lock up garnge for hi5 belongings, arKI slepl outside it in his car. He was given a bed in a shelter durfng Ih coldesl nigh15 of wlnter, but his dog tKdsn'l akn￿l Yi. so she slept under a duvet in thg After four monlhs of 4virva like this. Marcus visiled LauDchpad's dropwin service. He said 'as I gol to the stable doors and rarKJ the bell. I remember Ihinking It was ￿Ing to be a waste of my time. Bul I couldn't have been more wrong. You walk kn lh￿0 and you Jusi put at ease. They WEre su h81ptul and 5￿pOrtIve, and the nlcest thlng me fr(xn al Ihls Is ttHt IW dhl K*tJty," Withln 2 weeks. Marcus •KI R￿Y had mo%*d Into a roorn In a shared hwse and had been allocated a support w(ts. who o)nlirn*d lo advocale for ma￿ as 5itualk>n changed. Following an iryury which loft him unabl• to cllmb stalrs and the death of hls beloved Ruby, Marcus was In hospltal durfng th• pandemi4 wlth no Idea of how he would manag• upon dlscharge. HIS support worker Yds able to secwe him a new Ilat, arKI apply for grants lo pay for a rridge, ujoker and washing machlne. Tha Launchpad Remov* team moved the resl of hls belongrvJs into hi5 now home shortly after he Yrds disdwged. AC￿rdIng lo MafCUS. -1 owe my SLrvival lo Launthpad lo t* I￿neSt - I dm't wh?r8 I'd be without them. I was In a hellhole. I was in 8 r&il bad place and It was just so luthy I faund the charfty and it lead me here. If you're vuknerable and you fe81 M(e you've wl nowher8 to iwn lo. nowhere lo Ilvo. and notherè for $upport-W811. wu've al there in Friar Slreet behlnd those stable doors." W• prrylded foodparr*. PPE and I￿￿*79 as rffjothd and acw Monftc¥ed the oulw wllh senlur SBTrl¢es. Dvlsh)n ol rnom in e&Bs tyt#X•lsl. ourslaff aganMrth•d to h￿PaS many pas*A8. wmh b)th shDrt. t•ffli kyyr.lwm OUrfoC￿ was M Sup￿￿Dvj dws lo mtyo OIL 4Mce for new so Ihal they (kn 8914eeb1o4f1a7a28ba2d9￿db2a9a2c￿376a Client stories 3 - Lainey 19-year old Lainey vms facrKJ winter the slreets. birt with Launchparfs help. she was able lo lum her Ilfe around in I￿l two sfKYt weeks. Larw reachad OLrt lo our dropin supp¢xt in November after 6 monlhs of sofa swfrfvj. She mel with our floatyo support lea￿ secLred her a bed for Ihe nwjhl. From there. the Launchpad twi worked wllh Lalney to source a 5uitsbkn toro4emi home. She Ihen moved into private accommodaknon, be￿ to atlend Launchpad counsollng sessions, and Inlerviewed for and slwled a part-lkne job In retail. all w5thln a Iwo week wlod. Laln•y's support wokn says: "Lalrnys futurn Is looklng brfght- havkng •mployment Jnd counselllng at Launchpad In placg. and 50 quickly. arn rnaly posltlve steps and wlll be key In. lor th058 *4th￿￿taursa fLmd& We 4K¥kedvAlh partneragffidB5 lu I￿1P I￿90 olhjlbk to achle¥8 Pr&Salded c*S•lW Slolu5 Ilw EEA Nalknna151, orallemkn 8fyLilltyT•A*r8 ￿5th1O. Some olltrw• hew through thls Ih I￿ ii5kol horn•l1sThs% Our Impact In 2020r21. Lathi*ad 119 p•opl•. a frr*n Ixtyw. 12D1920- 10291. Whlst docr•as8d on last yew. Ihis has I￿n to thg cb)wo of D￿P In due to knckdty￿. whkh wa5 ILY apwothwloly29wo8k51nlolal{.S5%1 xrrJsg they•ar. *bT•rn•kaPAe Ihalvn 5tll m•wwd to wort347 dlprt5 ihrDL In I￿$Y￿. The 8iall8lk&' 213 htJusththJs ¥wre 347 Ornp In 10 51rwJle 2 lamlknsvffi hou*1 kn 24 cllenls warn Wied ieam P•J• 6 tjoc ￿). 0914••b104f1a7828ba2d90c34(Ib289a2th37fja Who are our clients? thTrk Clhnl Br•akdown by Ethnk Ethnlc orlgln I￿￿bIr % 370 47AI 21.1 Olhgr othnt¢grc4 75 Blad( or Black Brtlith- 29 26 23 3a 19 elack or ￿ erftsh- Other Ml¥ed-Whlie & Bla¢k C•*>b Black or BL%k BFlllsh- Alrtcan Z9 21 Mlxed- Oil Ath or AsE4n 8￿1th- Cl￿r Aslan orAslan Brilith~ Wslan Whlle- Idsh R•lused ID spqclfy 14 10 12 10 1x1 02 Gypsy. Romany. tsishTra¥¢llw Mixed~ Whllq & A￿1 Mlx•d-knle & eix* A Achievements Pr•¥•nlkng howd•Mn• 347 used ryJr drop In serrico {*l*h ho5 pawd ts R?￿n9 Athe ￿l￿rk (W standard for quality ol sknil. The drop kn gqThke Is IKwJskng need orwlth a h¢w5kvJ lswo. Ihg year. MJud•d pwpkn S￿￿J￿j h* ¥bllhUnlMalCrert l¥thrd dl¥yJl85, r•3lsl*kiy fathgevkli)rn. T ser*e. the ￿PpOrt Dfa tjam olvokntmhdpss• rB5ufvB tlwlrl* cth, fegl sppNted d batter InlThmed and Il*n trb &x•l kn¢k￿￿ septh• *os dellvarad vta •rnal and pl￿* Floatlng •upyt- 213 ST￿ W and faMTrs rec•v8d $4)port fwt¥D LwJKlya¢S5 floalkry SLVPOrt swvlco. 11 o¥ldes ￿PPUrt for 3 10 6 pwplo at rf5k ol lo51ryJ lh* IK¥￿ af ￿ Iswtg such as dob( LoB•l •d￿¢•-In2020￿1 thls 151 cl￿. al LawKhpad'$ in soryke. Oxftyd4waed law fml Turpkn aThJ LLP. tA* lohity rwKI access to a wlklty. tak￿ kn9al8￿ on bthafdwople ¥tyhoaro al rfsk ofh)sltWJthr￿M8 or1￿￿0 tJon'lha¥* a place lo fv•. Tr sol￿tar oUrrI￿rnts lo th•y I￿aled ITrWby1￿S. Ixu4r¥J as51thkns and oth•r ag•ncle5 acrnss R•adlng'. byUpWUv￿￿r$taff. ￿ling wJople**w curA ￿￿k￿SuPpOrt￿￿￿lQ￿￿l ￿hts. hdpkrfJ Ihem nw4al• Doc ITr. e914eeb104f1a7a28ba2d90c34thJ2a9a2clc376a Prgvldbw hom f#*tid ￿￿￿￿-In202f￿I,l7o I￿￿or￿aT￿*•I￿X*¢Jènd&wtykabVOUfA￿FUt+dIth$lIwj sernke. Each was prorfrfjed a placè kn1fv8 In ofLat#￿*pa￿s wwted ow 6 10 12 rnot7￿ by on? of Dur support slaff io help Ihem preparn lar a F4*w￿d and Fosltr4• lo a t0ft￿ they can suslakn. Ow woth with to thdrhves aryj moya oul afhomeJ0$9*8& Client stories 4 - Hayley Haytey, a 33-year-old mum of four, had suffefed thrO￿h an emotionaw and physically abuslve relationship that caused deep trduma, mental health Issues and a reliance on drug5. Thi5 resulted In Hayley losSni custody of her chiklren. and having Mwhern to li¥e. She was rnfeffed to the Launthpad team aftu she was found sleeplng In her G)r. Initially, Hayky feli ashamed of her situation, and didn't feel like she had anythin8 to kn for. vfithln four week& Hayley was albuted a supwt worker who secwed her a room In one of tsunchpad's Shared hoffle& and had a prsonalised to adthess her mental h￿1th Jnd addictio ShE has beEn makin8 8reat pnwess over the past months no u5e5 qlrug5 and 15 able to see her chlldren aaaSn. She ha5 also moved out of Launchpad sUPPOrted housing and Into her own long-tErm accornmodatitin. She now has COnf￿enCe In herself. and said "I've105t 50 much over the year5 and I got thts opportunlty to stsrt all over again- it's fantastE And [la￿KhPad] have been there lOOO%. I couldn't have done It without them". RIts￿IdI￿a Il¥ L•unchpad 135. Work and Ll• 5klsc•ntr•- 2020 *knwwJ rnhvl*shm•rt •nd ¢(thed cp•rnlrwJ dud￿ tho Jan- 2021 Sgss10rn offernd lo clonts wqrn qilhwrn a (Th to bas15 rylnwy ¥•Y aN s•￿On$ ww• 21 dlDnts 7 FI￿1￿)) wpport djanls 8 No r￿0(￿$? lo funthThJ Al￿ In lolal. lkn all•ndaKe$ . 37 tr*W¢yk rn*$85*M ¥#J 43 tyLlltsSklls 7 q151>u* th• f¥Wes Caun5alry sosskns b8gan inJ* 202D aTh11S att•ndad- 3 rlert5 SupportaAd 12 dknts fv wthrJtsndiTrJ A clert qUDt•-7hart 5ffju hr*kna¢ yau I war* h) good Iw rnys•Y. I'm sory forAlssln9 th• Lqsl Volwthrlry Launchpad has a leam ol Yokmiaer5 wIMb 1J11 Iws ol thJiNvJ the >w. Du• lo th• pand8Thk sod govemmant gddan Doc IO". •914eeb10411a7a28ba2d9f*34db2a9a2cfc376a Howovw. wa hav8 cr1th￿l lo fflanage a r¥#Je olvokMAa•rfng ￿￿83 studenl plaCeMw￿ and lrt•m8. •X• lo have been nor￿￿ frythe IXIe￿$ A*?ft1 k*V(kn1&8thJ ￿. In lh• last year. our vc4thts ha¥e male Cloth fxe covry ftv staff •MI 8c19d 4$ dthery lor I￿[ roodbank charfty Reathfa(Kl,' provtded adthuonal adnth supprrft lo 5UPPOrt le￿. Supp￿ ow thp li seryke W• had 5UlWt O sludenivoktykn p*emen4 suppoilffj cknlwvrft Coung•11kn9 Ow faco to fxe crrtMwThng s&*e gwThJed bet￿8￿ Awunè 2020 to COVts19 r8*ictrrt. Pho OUnsBlSry begai agai tn 2020. and kniornsir¥Jty Ihe artl rebrkn lat￿ Ihe seth hav8 Impnwad th th• chawe to Dvwllw plK R•mv*s Pral•ct Th& Rwnovals14oJgc¢ conlhw•d to a lknknd covi[￿19 lorJKdMs. L•unchpad moves stathj Bmd and M•tk•thig Imagery colfyJrir•J, We Irw•s¢ed In a of malorf* wdh ¥eufic uoated lo prnthe dew. 89skffial to (Sen1& and Thes0 t￿[01. a terwits han(Fbo&l an Awards and nominations L[￿an1$ 0f8ethsh1￿. Fewty ft￿4￿d LX ￿￿1 Rkjwd AThlernc Hlgh Shèrlff Award In March 2D21. was kna Aw*-TAtdth k a prn*i9kws g1¥on by ft￿1. Clwt•r•d InslltsJt• ol Fun&￿91n• lorThe S*ep ￿tal htym •¥wL Funding 2. Contract lo >voYtdtr a wpported sgr￿* lty 100 p* aThl a supwt Ooc10.' e914o*b104f1#7828ba2d90r34db289a2cfr376a 5ustsu¥bl8 nb)vo (ffj optKJns for tndiytduats *71hkn th8 homth55 palmay. Fundraising FundralslTrJ Slwthds knf4xmallon is to Ils *ns. fwKlTrLw kn ￿¢¢r lo Jyovide and to Its d￿nts. LauKl¥ad Reathryhas an p* and abhlestythe FLThJr81* RewlBtor5CodeolPTr¢*a. ThÈ Hoad of Mafkelk¥J Fun&3￿rI￿ Is a rn•m￿r of the In¥ilute of W• IS) I￿1 extemal wllh the excwon ofa gwls arKI InJsL* ¢OrAknlTh*￿ *¢#ks daw a *eek os 8A lo th& te8llL LauKhPad￿5￿cts the IvJhlsolhssw•rttknlo rnc•hdear, Inrthhdlnfom)alknoAlhe*wtholLawKW 8ThJ *il reporthow we spend dMat8d rnonlBs and Lmdertake lo mryB d￿Urn. In*JrmaKm rewnslbly. our9Jpp&tsrnand membernoflhepubk w8klknwfvch0rle￿d In5tlbJleofFLrth15Ysts Codes oIFur*tr&&ng PracUc•. whlch h*9 to enswe that organ18a￿S raolng m¢Mity frun th• pubfK ¢** so honesty and piopeity. Fundraising support, campaigns and events Whlsl w• ben8fitled fmm tyanls durwwj Ihe he¥yIl ol th? panderyK rngular lo fKe had io bA covirh19 •mery•ncy C￿9￿ In WH. we laurthd a COVlfk19 thiKr9w campahw a laJ•l £JJ,(MJ) aTrJ w 3 onlr• qth. f•att#kn) Matt A1*7ight Iwakhdogi, Mkhel•8ab9 J(1d￿ (38C CMS Th• e4ryalgn r•wd w£42.Ot#J. Th• Blg Slaap ￿1#1 hom• Jr ¥hlual e¥enL Sleep (krt at how. saw 14) p•qd• *mss 8•rt*4rn sl•ap In Ihefr gèrden on 10 Chrhthws e&npd9n ancoiwag8 don0￿ io gl¥e. Creat¥￿ a 5hopptThJ &•1 DI Ilwvsthal a GU￿1 supprt kn ordario mok• o Chrfslma5 ask I¥￿ts1O The r*ed averE34J¥JO. Chall•ng• a¥￿1$ Cornnwrfty Support Confftmlty d￿ThJ past yew Ihe t*s4nnry of bxkdtym has been diffiGuA. bul ow gJPPDrtors ai• afflazl￿ artd ￿ canl Ihank Ihwn (¥]nt￿￿￿ ID ftmdrdlsè In ttthryhvJ c*cum51m& We PA8 lryrnssod wih lh• of w 941POrt￿ as way3 ts> fiffth55• r#i our IrduthTrJ sales ol dlvkh41 Glvkng l us In g ccTh•rlenl fty th￿. It Is parwaty p*askn9 w see An In¢xEas• in Ih050 vkno Ehoos• b wpport ug V411h a rylwnyjnthty d￿all￿1 as tha ollhls hicoTh us lo pkn th•ci IIDwhw• 11,5 r￿eded. Corporate support rnlwn lo ihe oTr£a Iwl Ihese rBlalknsllp5 can be mlafisod. In tho mèantkna. * ¢cffjliw8 to atlond stsff meeUr4s when IDvlted aThJ io upJ•to I￿￿ne$s¢S *lth our monlNy and soc•1 metha wpdates. We rn walul lo Ihoge the way Ihatlhey Wo￿try. P4• 10 ID: 0914eeb104f187a28ba2d9Ct34db2a9a2cfG376a Ouralblmonthas baen managed duth kKkdrMn bya leam olpassknate voknnlBW5fAfvJ ha¥9 0nmLlprO(￿ contin￿5 lo be grn4n sh¥ed tAIth ow ckn. f(xwJ)8nk5 COrnrnLr* hKW. Wo arn sYat•fil to th9$9 volufttrn asvRwJuld 14ve Iparn5 local IvJskMs•s l*ihw thro￿ the year. In.klfid don￿0￿5 busln•ss•s corrrnnlty partnarth*l Easter eggs by TwylonL A rnmnberd I￿1￿$%5 hav¢ also 5WJPOrted lo •nsurn that thay gol to thos• nM)sl kn need. The Future As h85 been noied, we contin￿1 to de*Mrows8r¥kès- alba* fft a dKer¥)I way- a*lBd our dl•nt O1￿￿1Vj io tmllnued lo mkle a gu* seth kn a Irn Tho (ullmpxt ollockdmonowc4enl fmanc•5kn gangral to be seen. Wg gxpecia fwth¢r In lorLwf 5erte5 and supp¢Mt as ￿ pool• tre affec￿ by fffling ofthe e￿GI10n ba Naw CEO Su Hambtyn was app￿ntrd as Ihe newCEO of La￿Cl￿ad hi Jur* 2021. Su wa¥ LaU[￿a￿S He*1 of owalltm￿ farslx YO￿5 before belrwj appoEnled as Adtvj CEO ¥•l*n kn Caren step￿d dll￿ In Orlober 2QD. of a drnpln s•Trk• k* an5Ym IwTh1o￿ IS￿ aml hxeaslng ¥vlnerdble peLyT• s4wlad by 350%. Gr￿ our houslrt lffl c(hnn￿1fflert lo Ir#y••ih¥J Iho aff(Ydable IKWtfjg kn R•adkn9, we be a¢bvety seellThJ ¢wortunlU8s lo acqulrn goodquaity, alkydable (th• rexh olthe l(r*n c•ntre. Where po￿￿•. w8 will pL￿h￿sE and d•1 We ¥Alh lo hJerk4fy andadapiK*4We¥•Mlsw*e5 at ￿015[8 W15 ¢8rtrg lo Bnsu Il•nts W• wll corthJ• lo M￿1101 ro¥w• the noods ol (w clberds. and In r*e•d vAhkn Readth9. to wjertify polenual 14 or •xpanth ol, serAw E•es Indthl• law Twpkn & Mller io We polenllal partnwthfps In TA4h fWTAryk at LK¥KhpAd 13S Ip fflaxkn15• lh• knpxl ol sk115 a￿1 gxp9rf0￿¢ kn areas ol r*ed rnlhertAidupk* We *80 plan to r¢rnMI a Reseath Offj¢wto •J an*¥$ lo help ￿ Id￿￿ aTras Go¥•mane• We ￿411 work low¥ds YAh I￿ Ch•ity codo. rAf b•lThJ a TnLsl¢e SkIl15A￿lI1 to Irknmi Public Benefit Lwnthp•J Read*¥ offw5 frEe athlcg •xt lo •rym kn Grnat• R•athJ who do8w'l have a stab* plac4 10 or Is al ofiosmg thfjtrhryrt ne•ds ￿1￿￿￿[059)e$S•rn1*iad Irknlknn and supporL Or¢ ID.. e914eeb104f1a7a28ba2d90¢34db2a9a2clc376a Wè prnvidg goDd swwrtqd lo Ihos• vtho arn vth•Abl• our soclety. and hKreaso the opp￿lun￿lI￿S &yrour seTh*e ￿8￿& trj ￿ revirteg￿lqd bxk Inlo trn cOn¥￿raY. olhe LwK7yarf$ 8oard 01T￿slett •*J th•sK¢w ty9ar4$81kn In meeln9 ths key Prnhje de¢gnL s￿8 a¢wThwtslk>n to kn Reth Provkle hw q•. Irthd• s The TnKlaes crrfrfm Ihat hY1￿¢m￿d￿1lh ChwlL*sth12011 to r89¥d to th• Ch*ity CoThwr4ssloA's genwal gukJanc• on b8n81 Financial review We arn gialeftl ftKwppDrt Ihe end hmi rncttrtj cov11￿19. Grnnt fundkng re￿￿ losi inccliw flwlng the year. and enabled $￿TrIf￿￿t Inv85knwrt kn IT so ihal ourstaficrrtdd work Ila¥iW axl to s•Nk•s io cherts the yw. It was alg) c￿c￿ thal r•lurtlshrnentVK*rtr on Lawthpad 135 was aLts kn go ahèad as as owdiaNs whl neod tho morn than evw lo IhB èconoThdc ImpactollM pandaff We hwa baen lo cThry4eie all ofthè m?Inkn)an¢¢ ￿ up3r* pmp¢ts th•tw• hal pl￿￿￿ ftythè ￿ar and so CDSts kn 2￿￿1￿11 were lower1￿ b*led. We be speThJiThJ o¥er rbexl yw lo ￿l¢￿p on the$8 ¥Yths (knhou*y le•D wtyked ha￿ to as peoF4ewern hwsed as Smxthle and ￿￿$•d.¥0*y lum scheduled lorwJ•T 18rn Maknlu￿nca prolecls. ihai we rw*al InrJTh than •xixcled. W8 an fithlryh at poknis year but Iwwjht ow baL* lo work as as potslblè. W• ouljn'l have done Ih15 vall￿1 Ihe granl lurKAThJ IT wupmenlwwj also the extra 5paee at La￿Chpad 135 rneanl ihat w? co￿1 safdy kn a soclally ¢SstarKed wwy. W• wi•J a dslallva¢arth5 thr¥vJ the y•¥ as recwitmert was Ihe eaty gtages ofthe Ilwjh wffj i￿￿ton nth¥ s18ff wh8ft posslble kn 0rf8r wtth Ihg Fundralslng ?￿d granllnc¢xm• Ih nNI l•w yews du• lo th• •corrfMrk hryact oflh• parthmlc and ￿ th• swphJs gvner4l•J 2020r21 mo￿8 that M can corlrfl8nUy to prtr4Kle swKes whlo th?leng0$ 01th0 In Grnn15 lrnrn Tnth ar¥J stsbknry both09 seTh*e5 aclfvAbes •wl OLrcl•nts thfjlrkns Experdiurn kKr•asod slghlw. tsuir￿1 lo •yJ•*lwlw• had as xlpAti•s had w b8 rAx•d Mlwblshmonl ol Law%lwd 135 ar41 ow IT knftaslnxbJr•. Pffjp 12 Doc I￿. e914eeb104f1a7a28ba2d90c34db2a9a2elc376a R•s•r¥• The Boaryl ofTruslees oxarnir*d LaL¥Khpls reginmonls for (•seN•s kn lighl olthe matn ii*s lo Ihe Clwrfty. Tl TNslB85 hav8 Sel a reserves pc4kyvh*h wJirn5 thal LwxKhparfs rnswgs *e Fnthlalned at a1tr4•1 vAth ansurns that corn a¢tivty cO￿d conlkw a [￿rf￿101 ￿lorns•8￿ anLI a prtwtion ol thasa resal￿$ are hdd kh o readlty al55abl• lonr pr*cl dBvd(wrn SWMiws•J a Totsl fiwKJ5 at 31 2021 lex.. Reslrl¢led tuhds l•ss: Deslgnated fwKIs £5J93,18B E 35261 Hov•e¥W. ¥131 M8¢¢h 2021. th• vahje ol func*W fixed assets used ky ¢Ne sor￿? prDvblon) w85 £7.086.553whtth thalLaurKlyad has no'fr•• Hry*mr, Ibjth funcllanal•ssets¥rwJ kn*to¢m born*lng lo1￿.47120n thkh Is prmathy f(ff prDptypwtha88 and d•¥8lownvnl exduded: Iho Ptciurn Is as folo*g: N8t omni asselsal 31 Mxh 2021 JBs5'. Reslrktad lunds le55'. Wgnaled (w￿3 £1 J77.842 É 35.￿1 OpernlN￿￿ Sury￿u$¢$ 98nwal• tht fwvjs n•od8d to 8nwrn wlkl•nl aThJ ront*wed knv•strMIl In capiia assets wch as resbJ&nUal pff¥>W￿e5 office prwises as VAI as I*¢e￿ry kn¥e5bn￿t In othercapltsl kns suth as IT knfvastnKth. Whern possIb￿. Launthpad tAry WJPbrty Rlhor lh￿ leastr4 as trls SEcudtyard In¥rovad ¢ash Ilow kn fu14we. The TnJslees fflorkn tho ol r•s8r¥•s as p•t ufihe acco(￿1$ wc#1*19. and ￿eW the rwrve5 pol* and rgsow Trqukem•ts al leasl ￿. ll ts h￿￿ lo prndlct hrr•J Iha effecls ol ts paThJemk VM aff•ct Ihe finandal PD511an over th• noxt few yew5 th8 TNsle•s arn cc#*tht thal. wlh carplul firAfickl frne reserns VAI Irthd8d withkn deyJna18d I￿)dS Is E7x1.(￿o wldch has be?n 5et45hh to tathtale Ihe olrnsldeftU31 pmpoty fty uso ty ourdloni& Th• remalndoroflhe des•3nated knds In rnl*ffl lo eslablYshmont8rKI nYfftlNJ ol aCti￿e5 Ilaryely our offke envlThwnenL InY•8lm•n frorn rot*ang g r#iJd8nt ammi In Rsems oath yew. n¥)sl 01 thaws knds arn to bE spenl In the shDrt or ffl•thJm i￿n so ltr￿ *8 no lur#Js fty kntrienn Funts hdd for longerthan 12 ff￿nths lwM)a￿ held In Irthr•sl beark4 ￿￿11$. Structure. governance and management Lwnchpad Rea(knJ Isa rnglstwed •¥J1s a lknkndty gu••nleo on 5 Novafflber 1979. Th• Chaiivs govemlng Instrumanl 15115 MemoraThluffl arrfl Artles ofAs9x¥aUon. Mwthers Igve gjarnntwd a conblbthlon of£1 tath ln I￿ olthe ths50kthn oltheth•ity. R•cruMffl•nt Appolnlm•nt ol LaUnchp￿Tr￿•S The dlracitys ol th• also *wlegs fc*thg FX#PJS•S olc**ity law and Arflcles the mernbw5 ofBoard ofTnLStgQsha￿ •knded Boad olTntst••& On• Il*d offt￿berS olthe Board ￿TAtht￿s 00 ￿ for exh yw. arml thalr n8•ds A)rg4YPQrt and accrfflrroYalorL Tha 8o¥d olTnth ¥wks lo enxwe thal tl* n•eds olth* grwp a apwuprfa1ety￿fleCIed thrThJth ofttw Injslee bth. Pwp 13 Doc ITr. 0914•èb104f1•7a28baZd9(t34th2a9a2cfc376a Thg ch•ty sèths tNste•s vhK* Iwesgr4 both Il* romiwaty. have a hoL* background aTrJ the trathllonal *UIs needed ILY è *all tsjskn. gesl wxti¢e Is torus ￿ t•ptyllhaiffie ¢ruslBe has swved M the Bowd for more than 9 y•a5. Howevor. tha conlrtbLth ol trus￿# c(￿lir￿Je$ lo be IrNahJatrde. espadalty In r•wc¢ ofproperly p￿rej￿s8 TnJglH and TrthJ New Iru6180$ ar• I￿ted ald to 4knJ a sthlesolslth m•alW kn f*nlSaii5• tr*ms•kn5wilh the charfty and Iho comlexlwitrin wl*h Mopeni•s. Thes• arn Jad ty th•awexKAth• &TKw•xl ilw oltr* tharfty, a￿1 covar. Th• obllgalknns ofTw*ws documents. which setoul tha o￿al￿al tran*wtyk fN lh• rharity irKkMlkng th• and Adlcles Re50ur¢irtyJ the current fin•xra poskn as s•trKd laie51pub15had atctyK Fuiwo kn arml oWtiv8s I￿￿1¥AllO￿lI Lau￿hpad Roothg has8 8Dwd ofTnnteesv4Hh bthmqn fffleen mernbernf•fv ￿￿•t wartety and wt Tosponslbte the s1Tri* and poky ￿the charfty. A sch•mè oldel8gabon Is kn Flxa and dJy40*day rnsponS￿￿fy fur the S•f•gu•rdlng W• t*a the saf*3uard¥vJ olowcknls. vdurdeers •wJ swknusly. PJI and ¥c￿nIeelS go tr￿￿9h a mtA proce5& twtrkh ft• ￿re￿￿¥¥J. ￿ I￿s chocks Uthty ￿ ￿Utred hr thg rul?. Our c￿18 ofConthJct cl•atry s•ls ThrtexWOons for tKxmdartfrs *uar￿1VJ. sakWar￿￿9 55 Part of aurffmntsiory Inthdlon and prn9Mrne5 fordien14aclry staff vthjnlews. We ￿80 hav? a wvje raTh30 of s81￿U¥ll11￿9 ￿d05 and procethns. Where safwording corKwn5 ari59. w• kN￿gate a￿1 moko repNts lo safe9uanfry i•ams In rele¥anlooanlsa15)ns W• havg FKOC05595ln place tO•nsUrBv￿ conthx•kam I￿￿{￿r￿ce In rnlatiDTr Lawhchp•J & Int•rnal Conlml The ?oardofTnthes(N¢ts•e a rov*wolth8 rfsk5l0￿￿ec￿tI1saxpose￿ arKI thesa ar• recoth Wi a rSsk reg15tar. A rfsk asses9nenl prtuss al￿ Ayllen evalu￿￿ has ly8￿ etAabll*ed w¥J15 uwlaled as rp4ukEd arnl rfj¥iewod al1ga51 arywjaty. th8rp ZPFxwriate. and ryoudures habe bwi e￿￿*Shed lo rTlthJal• thè risks t￿ charity la¢es. LawKhpad ffAlkJai•s rfsk by taking a apprDxh lo poky knplonwlatKm enlDrcerrwnt In arnas tIKfuW saleg￿r￿Mg. vukn•r*Ae athh5, daia sE£uity. haath and saloty. IknBKlal man•j￿8n1 and conlffji [wKl￿ls1Trj. Inlemalunlrcl rfsks are rnlnhmlsad tythb1mplwn￿ld1IC￿ofW￿*Jr￿5 fiY•Ll￿a$a11Cffj0Wal1 transacllons and proIecl4 and ansurfng wocedkwal coTr¥kn wlth arry curTrrt or besl pr4ctlc•. Procodurns ar• InrAaceloMswo health ￿￿saI•tyol￿1l.￿1rI0W5. (4entsaThlvtsllors lowportedxGornrnodalk prtndpal Rl¥k• and lID￿rt* lh• charty Is &Xpr￿e(l. These have I￿￿ feVi7wed ¢knFirKJ Ih? yèar Ly suiummee, and annudty Board ofTnLslws. Syslemswd wDcoOJrns bean eslavA￿ to Ihese and Ira￿ for manayThJ iisk lias Thllh thè CEO and S￿Or Mwwjwnent Te￿, priNkn r•v*w ty th? truslee& many ac￿￿6 ltr* ar￿ acrnss a va￿¢1$0￿& th• re¢￿￿ent mathel has b8corM farlDuyher. 14 Itk. o914•eb104fla7a28ba2d9￿34db2a9a2c1C37S3 Id•ntlll•d Wsk Factor Rl•k Cpntrpl Monlltylng Board of Truste88 Serrior MaAag&nent H•alth & S•f•ty(Crlllcal In¢ld•nl) 1ndd￿t pmcedwe & D¢*h olclwl Healh & Sa(•iy P(* Sl9Trinwt In Loeal Authollty fvndirsq vAlch copAJ lead to (Jjis hi noTr&*alulory FunLfThJ Sèrd(* Mar4gThnl Adv•rn• PR- n developmertsl clenlaclon c￿nts B0ardofTru￿¥os l•am StroNJ TVP lo partner5hp *•rk In plx• b lffdl afvwse profflpt rnsponse trj •alnts stsei r•l•nlTon & Mcn￿lm￿l- lrnpKiotBrexJi & COVILi19 Lack old1Va￿ & •¥erfer￿d ¢anthdates Su51al￿Tra molfvatKm & wwag8rn1rt fw15 Tl* Cc4orÈavwus p￿dèfflk has had arn knpxi on de￿￿￿ seThOus lo ow clenls ¥nd thB vthIBr R•lal•d Partl•• & Conn•cl•d Al•vwy rneotiry. Tnth8 ar8ask8d io dKknany conllxl ￿1￿•18st 7h• TN51ees, WhOs￿d th¢ year. 8 IAihed wilh lh8 M¥1*r￿ ol s•Trkes fc* IAall and Pll ar• TnJstae9 01 Raadn9 Rotsry Coffffluiwty Pir44cts. Th• rnmurAratl)n Of￿ CEO Is ag•ed Bowd IklTw51ees trd$15 agaln91 organLwlhH The rErnLwau￿ ofserl0rrnanag￿Tr1 b $91 ty lh• CEO. wr4aie* pumc ar charfty sedor oryarasakn& PJ #aff arn to Ihe gano b￿lt5. Trustees responsibilities ststement Th•Tntsl8091*tho are 8180 olLwrth￿l forlh• r￿Up￿01¢(Mp￿￿la￿)are rnSp0tW￿ [Orp￿Pa th• TNslees ryort and tho fir￿1ClaI slat•merts In ar£wdanL* ljw aThJ Lfvllvd Khrydom A￿n¥￿j sI￿d0rd6 IUW Kkngdom Generaty p￿*• CO[￿ th?TnkTlee5 1owvpwvf￿￿coll slalrntsforexh rrnK1ai￿. UrNknrcomparyl•YtswTrusle•s mvsl nol •JprM 5tatrnb wless am s*tsned Iwt a true and fak%l•w ollha stat• ofalaln5 le1￿1&*able accoW￿r4 pokl•s arrtl tr*A appty Ihpffl ¢orni&wty, ob￿8 Ihe rn•trrAls and owles [￿￿￿eS SORP. P•J• 1S tXx ID.. e914geb104f1a7a28ba2d9Ck34db2b9a2¢fc376a prnp¥e flia￿al Stateffi￿ cttv*em basls ts kn8rfjxDprfbte to prnsTh tho1 fv chwitabl• c￿￿panY w* crnllrwjg kn c•er*icffi. companls irnrwclkns and dischw wAth reasonable accur¥ al Ilm¢ the frnxlal pmtlon ol Iho ¢hailaLle company and •￿a￿l Ih•rn to trHt Ihe ffinan¢ial staiwmnts ¢ompty tlw Acl 2006. They a150 vesp￿5*18 forsaltgu•dSro lhoassetsol￿char￿abIaCu￿Panyanrthe￿8￿1flth1r4j rna50nabl•st•pslDrlh&pr•veAlknaNI delecljon ol fra￿1 and thkTegulwilk% OISCLOSURE OF INFORMATION TO AIILKfc*t far as Ihat Truskn 15 •¥ore. lh￿ ts rn rnlw•* 01 Ihv (¥Jmp•rfs wffitor Is navrnre. arnl that TA￿1•8 lak•n •1 Ih ¥l•ps Ihat ha¥• bow l*•n as a TnAi•e kn (wdw lo b• a¥nrn ol ary rnlefftt aUthllnknnalh￿ lo esW>llsh IIMI Iho Conv￿￿$ ollhal knknImat￿. rnport 8pproved ty Ihe TnAe8s ￿ IB NobThts2021 •xl 5v•wd ffi IWbBhalfty. Suwnfj SlalF*d. Cl P•J• 16 tlx ID. e914eeb104f1a7828ba2dS¥Jc34db2a9a2dc376a LAUNCHPAD READING (Aaxnpany Ilmlt•d by guarmt••) INDEPE14DENT AUDITORS. REPOltr TO THE MEMBERS OF LAUNCHPAD READING Oplnlon We h8v8 audtted Ihe finartlal stslamenls of Launchpad Rearfry (the 'parert ¢hwltth ¢ompangl arKI Its JbSId￿as {Ihe 'wp') for Ihe y ended 31 March 2021 ￿¥ch comwlse the ConsdSdaled Statement ol Flnanckl Pthities, the trtsolkialed Bala￿ St*¢l. the Charity Balance Sheel, the Consolklaled Statement ol C85h Aow5 and th rdaled not¢s, IrKhJdlr*J a summwy ol s•Jnilkant aCC￿￿¥¥j pDf&s. The financlal reportlnq framthvork ihal has boen applied In thet weparalkn is appI￿able law and Uniled Kiryjom Accounlw SlatMl¥ds. Inthding Flnancial RepartuvJ SI￿dard 102 The Fin3nclal Reporllng StsThlard applicable In the UK and RepubllG cl IrelarKf (United Kkngdun Gewaty PK¢¢pted AcctyJrthg Prac￿}. In our oplnlon tho fnanclal $talemenls: ve a and lalr ol slae of Ihe aThl Df the p￿1 chanlable r￿panIS aff8lrs a5 al 31 March 2021 and ol Ih? group¥ I￿Om￿￿ resou￿$ and ap￿icatIOn of res￿r¢e$. Ir￿￿dhyj ils In￿rne and expgndilw8 for Ihe yw then ondèd: h8ve been wowty propwqd TA*h u￿ed Ifwjom Gew* Attepled AccwnUr¥J Pracllce: and Bajls for opknlon We conducted ow li accordance with InlematKnal siaxl*d5 on ALwJlthw (LKI (ISAS (UKI} and appfjcable IWK. Our responslblliies ur#dw ttrose $¢andwd$ are furlher descrfoed kn Ihe A￿lIc¥s. responslt4111ies for Ihe audit ol the fmartw slglements seclion ol reyt. We ar8 independent of the group In accord￿ with tha ethlcal requtrnmeThts that arn reknnl 10 4xJr ol thg fin3ncial slalwnert5 In Ihe Imteil KingdDm. Indudlng the nancial Cuundfs Ethical Star#J8rd. we trAve fulf•ed our olhw elhical resP￿￿ts11tIoS In ac¢rydance V•ilh thes8 rewlrernenis. We thal Ihe e¥iderKe ￿ hm oblakned Is wirKi￿1 and apprawiale lo wlde a basls for our opkkn. Concluslons r•latlng Io golng concem audllkng Ihe I￿￿ne￿al stalwnerts. wo have Card￿ Ihal Ihg TNstees' use of tho 9olng concem l)aSi5 Qr Based on the we have performed. wa have nol ider*fi8d any malwial uncwlaini*s relaling 10 evenls cr condltion5 Ihal. Inthvidually or ¢ole¢W. may cast sl9nificanl doubl on syoup's or Ihe parent charl¢able coMpa￿S ability lo Crffillnue a5 a gokng concwn fw a of at ￿ tr￿ve monlhs from the flnarKlal stalÈments are s￿rkned lor ls* Chjr respt¥bs4Jliiles ar￿ the resp￿51b￿leS ol ts Tnts1￿5 respect lo corKern ve descrb•d In the Telev￿ section5 of th55 r#p¢wL Page 17 ID: 9914e•b104f1a7028b&ogOcYdb2a9a2¢k3760 LAUNCHPAD READING mpany Ilmlt•d by guarantee) lNDepEMD￿r AUDITORY REPORT TO THE MEMBERS OF L￿lNcHPAD READR4G {GONTINUEO) Other Infam￿1￿)n The oilRr lrformaiion comwses Ihe [r￿￿rna￿￿ fficlwjed kn Ihe Anwal Repori oU￿r than the financial slalemen15 and our AudllcKs' RewL thereon Tho Twslees we re5ponsUe fw Ihe oiher Infom)allon eonlained Il* knual RepcKt I)Jr oynlDn on the ffinancial slalwnents does nol c¢)ver the other info￿natIon and, excepl lo th• wxlenl olhgn•i5g eX￿O￿lIty 51ated in rgWKt. wo do nol express aiy fom) of assuanGg conrlu5100 thereon. fkn responsiblity 15 lo read Ihe olhpr ￿1¢Y¥￿a￿￿ and, kn dolffj so. consxler whether th? olher ormation Is materlaly wKonsisient V•ilh financkl stalefflaits or our kntyAedi* obtslr*d In the courne of the •Jdll, ty ottwmse appe*s to be materlally misslaled. Lf ￿ hjenlfy such mal•rl* knconslslerw or apparenl rna1￿￿ I￿SS￿LeMents. ￿ are ryked lo delermtne *thelhgr Ih15 glves tse lo a malarial mi5slalement In the lknanclal slalements themselves. If, based have perfcKmed. we condud8 that thwe Is a malerial rnlsslalement of thls olher Informatton. twe we rewlred to rnport that la¢1. We have lo re￿t tn tNs r•g¥d. Matt•rn OTh whlch w• ar• r•quk•d to r•port by •xc•pt We have nolhlr¥J lo repryl In respxt ol Ihe matiers t*he¢e Ihe Clw**s (Accounls and Reptsrts) Regulallons 2008 rewlres us k> iepiyl lo K. Ihe Informauon gl¥en In ihe TnJslee5' Reptyl Is *KonsIStu￿ in any Mate￿ respect with the fin￿cIaL slaiements", or the parent Charits￿e compary kepl wecords: or paMI charuable cOm￿Y Ilnaxlal slatem&* *• nDi li ageemenl the acuurthg records and relurns: or wé have nol recelved all Ihe knfornlatK￿ expkntKrn ￿ requtre fcrow au R•sponslbllltl•B of Irustws As explalred mtye fuly in the Tru51Be5' RqsPW51bWes Stslemert Ihe TNstees lthj arg the diracl(xs ol lh8 charitatle company lor Ihe wrposes of ¢ompany law) are re5pDrsble for weparallon of the financlal 8¢alemenis aThJ lor bglng ¥all5f￿d Ihal IW yve a in* fair viffiy. and fly such Inittnal control as thq Truslees dBlermkne 15 necesswy lo enable ihe of 51alernents fr88 from mal*l mlsslatemenL whelher Oje lo fraud ar errty. In preP￿j fffjraxr81 slalements. Trustees we resp￿s￿￿e kn a¥sessing the grou￿5 and the parent (*8ritsWe companls abllty lo contiThJe as a g￿r￿j cow (hsdasir¥J. as applicat1¢. mallers rdaled lo golng ncwn aThl uslng Ihg golng concern tsa￿s of ￿￿nI￿r￿￿ unkn55 the Trustses dlher InieTrJ to Ilwldate lh• or pwenl charitablg company or lo cease tiptrabons. or ha￿ no realstK altemalive but lo do so. 18 ID.. 9914eeb104f1a7828ba2dg)c34db2a9a2cfc376a LAUNCHPAD READING {A company Ilmited by guarant00) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF LAUNCHPAD READING (CONTINUED) Audltors. responslbllftles forth• audlt of th• fin¥￿saI statements We have been appointed as auditor under section 152 of the Charities 2011 aThJ report ID xcordance ￿th the Act and relevant rewlatiorts made or havirKJ effect thereunder. Our objectives are lo obtain reasonaLle assurance abwl whether the finw¢ial statemenls as a whole are fre? from material misslalemenL whether due to fra￿j or error, and lo ISS￿ an Audiiors, Repcrt that indudes our opinion. Reasonable assuran￿ is a high levd of a55urance, t￿1 is MI a gu¥antee thèl an audit conducl8d in aCcOrda￿e wlh ISAS (UK) dotect a material misstatemwbl when il exists. Misslatemenls can arise from fraud or errcff and are conswjered material rf, indNidually or in tre aggregale. Ihey could reasonably be expected to rffluerKe the ￿OnOMic decisions of users taken on the basis of these finarKi4 slalements. Irregularilies. IrKludlro fraud, are ins¢ar￿85 of nryFcom￿n¢e *ith laws and regulations. We destgn wocedures in line wth our resp)nsibililies. oullined above, to delecl material mi5slalement5 in respect of irregularities, including fraud. Tts specifi¢ pro¢edwes for this engagement that y￿ designe(l and performed lo delect maleria misslalements In respect of irrewlarilies, I[￿udIr¥j fraud. were as f￿￿￿￿.. Erquwy of manaEement arKI those charged with 9)VeM￿ *ound actual and wlenlial Illlgatlon arKI Claims. Erquiry of management and th)se charged ￿ g)Vern￿ to identfy material irtslwces of non ¢Dmplian¢e with laws arKI regulaliorts: Reviewing finarKial slalement disdosures arml iesting lo documentatk)n lo assess comF4iance th applKable laws arKI regulations.. Performing audit work lo address the rtsk of irregl*it*s due to rnan￿rnent override of controls, including lesling of journal ent￿5 and Oth￿ &Jlustments for appropriateness. evaluating the bu5ine5S rationale of signlficanl transaclKJns outskfe the nc*mal ¢our5e of tyjsiness and ￿VieW1ng accounting eslimales for evidence of bias. A further desixiption of our responsibrfibes for the audrl of the fin￿lia7 slalements is located on the Financial Reportng Counofs website al: wmv.fr . .uklaudilorsres nsibililies. This description forms part of our Audit￿5, Report. Use of our report This report Is made solely lo Ihe charitable companrfs trustees. as a t&y, in accordance wih Part 4 of the Charities IAccounls and Rep¢)rts) Regulations 2008. audit *Y)rk has been undertaken so that we might stale lo the charitable comparfs Iruslees those matter5 thre are requlred lo slate to them in an Auditors. Report and for M other purpose. To the fullest extent permitted by l&v. we (k) not actept or assume responsibility lo anyone other than the charitable company arKt its members, a5 a body. fc¢ audit work. for this ￿pOr( or for the oplnions we have fonn8d. fws CwJp4J Jamqs Cowp•r Kreston Charlered Accountan15 and StatutwyAudilor Reading Bridge House George Slreel Reading Berkshire RG18LS Oate: 22 November 2021 James Comper K￿$10￿ are elb3ible to act Ss audit￿5 in lemis of SeCtm￿ 1212 of the Companie5 Act 2006. Pagp 19 LAUNCHPAD READING (A c¢Knpany 11m1t￿ by guarant••) CONSOLIDA7ED STATEMENT OF FINANCIAL ACTMllES (14CORPWTING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2021 Unrnstrkled R•strklad funds fvnds 2021 2021 Total funds 2021 Tol81 fund5 2020 from: Don3Uons leg Chwllatle aciKrylles 627,124 If11205 229,993 171.139 709.447 2,455.561 141.303 3.225 IS71205 229,993 Investments Totsl In¢am• Exwdllurn on: Ralsiry Charitable athilies Jh29,1fj5 179.139 3.608.804 1309.536 1a4,781 1610A59 164,761 7B8,077 197,468 1751,085 175,618 Totsl up•n(Iluw• 1775.220 175,018 1950,838 Z948,S53 N•t Incom• Tmsfers belwn knd5 3,521 657,966 360,9B3 17 Not movwnqnt In fundi 711.087 153.121) 657,966 0,983 Reconclllatlon of funds: Totsl brnughl f*]￿ard Net Move￿ In fw 42K840 711,OTI S,335,222 4.974.239 360.983 IS3.121) Total fund¥ CWTl•d loThrn 35.261 SP93,18B 5.335.222 Iklc ID: o9148ob104l1a70281)a2d9￿db2ago2Ck376O LAUNCHPAD READING (Acompany Ilmlt•d by guarwrtw} REGISTERED NUMBER: 1459149 CONSOLIDATeD BALANCE SHEEr S AT 31 MARCH 2021 2021 Flxed ass•l8 TanglJle assets Curr•nt ass•l# 11 7,IX553 7.102.343 Debtor5 Investrn¢nts Cash at in harnl 13 14 219,312 7SO,01)O 876,6 235,998 300,000 605,356 1,141.354 eAedltoTr: wK#Jnts falng ¥Athkn 15 1460.158) 1318.5861 1,3TI,842 822,766 TO¢￿ IM* arnt Il•blltl 464,395 7.925,111 Credll(K5: amaurts fallkng thr 16 (l47120n 12.589,889) T(rtal n•t assqls S993.188 5.335.222 Charfty funds Reslrfcled fvr Unrestrlcled funds 17 17 34261 4957.927 88,3B2 5,246.840 Total funds S￿188 5,335.222 The chwly was enlllled lo exempkn frryn aud¢ w#ler seclon 477 of tho C(wnpanles Act ZlJ06. The member5 tthve nol requtred the enuty kn oblakn ￿ ￿￿11 fty Il* ￿ar In quesikn kn accordancè wilh $8cIK>n 476 of the The Trustee5 ackno￿￿ I?￿r rw¢Jn5kn1ites fmlh the AGI wlh raspeci lo The finarjoal slalemenls have bBen prepwad the Novthns lo enl*s Subled lo Ihe smal compthes r¥rrwJ. Th8 finanual 5talemenls VAT• apwuvod arKI athY15ed IC¥1s￿e ty theTrwtees aThl slry*d on Ihgk b*wll by: Stsiijrd Ich￿1) Oale: 18 M)vember 2021 Page 21 c￿ ID.. e914eeb10411a7a28ba2dgCKYdb2aga2dc376a LAUNCHPAD READING (A c¢xxpany Ilmll•d by gu¥rn*•e) REGisieReD NUMBER: 145914 CHARITY BALANCE SHEEf AS AT 31 MARCH 2021 2021 2020 Flxed ass Tang* a$sels Inv6slm¢n¢s 11 12 7.fA6,553 1,01)D 7.102.343 7.087.553 7.103,343 Cuff•nt 8ss•is tbblor5 Investments Cash al bank and In haTrd 13 14 212A92 750.000 839.895 244.072 596.282 1.140.354 Creditots: alK￿rts *iihln (Th year 15 1425,5 (31&586) Ngt ¢urw•nt as$8ts 1,374842 821,76B Tolal assots less curront Ilabllltles 8,4UVg5 7.925.111 Crediiors.. am￿ftts faikyj due aller more Ihan one 10 471.20n {2.589,8Bg) T¢Xd n•t ass•ts &993,188 5.335,222 Charlly tsnd5 Reslricled fund5 Unrestrklad fund¥ 17 17 34281 495T.927 88,382 S.246.840 Totsl fund¥ 4993,1 5.335,222 The wa5 Qntided lo e¥em￿On from awjll ￿￿er seclm 477 of lh8 Companles Aci 20￿. The members have noi reqLtred the enlty lo oblaln the In weskn in acwdarte vath seetion 476 of the Compantes AGt 2(WJ8. an audt ts requhed kn xcATED STATEM￿ OF CASH FLOWS FOR THE YEAR ENDED 31 IAARCH 2021 2tr21 2020 C*sh flows from op•raUng actfvltlos Nel eash used In opwalw aciivilies 1,091203 436.070 Cash fl¢￿5 from Inv•stlng •GtMtI• 3.225 1261707) 11,138,550) Pwthase ol thnglble f￿ad 4ss4ts Net cash ￿•d In Inv•atby ￿￿11 (261,424) 11,135,325) 350.C (11¢4471 1103.093) R•pa>Thènls ol bornty*ing Net cuh lusad Inllpwovldad by aGtfvItI•s {11￿447) 248.907 Chang• In cash and •qul¥•l•rtl• kn th• y Cash and cash equlvalftrts * Ihe be￿￿*Vj c4 the Jear n1A32 9D5J (452.348) 1.357.7D4 Cash and cuh •qulval•nts at th• •nd of th• y•w 21 1.62*68B 905.356 note5 OTr pages 2410 40 fm p*1 ofthese sk*m r*x ID. è914eeb104f1a7a28ba2d90￿db2a902rf￿76a LAUNCHPAD READING IA company Ilmlt•d by guaMtw} NOTES TO THE F•4ANCIAL sfATEME14TS FOR THEYEAR ENDED 31 MARCH 2021 Ac¢tMmllng polkl•s 1.1 Ba¥1¥ of pr•parallon Offin￿￿1 SI￿nts The rtnandaf slalemert5 hav6 been wepar8d ￿ accwdw with t￿ Char*k5 SORP (FRS 102) - Accounting and Reporiing by Charlns: Slalemenl ol Recommended Pra¢lice applkable lo chwillos athg Ihelr accounts li accordarrg wilh the FIna￿ Reporting Standwd appl￿1¢ in the UK Republlc ol Irela￿1 (FR5 102) (effeclfve 1 2015). lh8 FIna￿l31 ReportiryJ Slandt*d applIC￿le kn the UK and Republc (rf trelwKI {FRS 1021 and the Compardes Aci 21KI6. L￿nch￿j Rethg m•8ts the beneft eirtity wthr FRS 102. Assets and liablilies We InNialy recogMs8d al1*5101￿* cosl or transactKffi value 011*￿￿5? Sta¢ed In the The Consofidaled Stalemenl of FtnaTh*l Acllvlltes (SOFA) and ConS￿daled Balance Sheet ¢onsolidal• the fwHnrxl 5talements of the charfty and its subsKllwy undertakkng The results of th? su￿d1￿Y are c4ynsoltdated ￿ a kn bylne basL8. The ch¥ity has la(en advarrt•Je of Ihe exempkn al(TAwd ur•Jw seclh)n 408 of Compardes Act 12 G(wThp4nyslaths Th8 charfty 15 a CoMp￿Y knNled by w¥aikn. membern d Ihe company *? the Twsleas rwned on page 1. In th8 event ol Ihe bei¥ wvJnd ￿. ItJblltty tn r05P8Ct ol guarantee Is lkniied lo £1 per member ofthe th*ity. 1.3 Fund accaunil General funds We unreslrfcled fuThls Ththich aro a¥afable for use al Ihe discrellon of the Trustees In furthemce of th8 genera owrjives of Ihe woup •rJ whkh have been de5ignaled for oth Deslw*ed fvnds comfv lunds thal have been ￿ *vJe by the Trnsleas f(Y partnl PLWPOS8S. Th• akn and each (ksbmled r￿d ts sel to the financlal stsl¢menls. ReSt￿led we fthds %*4ch we to be used In accorda￿• *llh specjfk re51iKlion5 IrnpDSed by donors or whkh have been talsed by the wp for p¥tKLlar purposes. The costs of ralsiThJ arKI admtnL8lerwvJ s￿h funds are dwged agaknsl Ihts spec¥K fimd. The alm •wJ use ol each festsiclod furnl Is sel aut In the nol85 tu Ihe lIr￿dI SIat•rn￿ts. 1A Incom• All ir£offlè is recognised once the has anti1￿me￿I lo the trKome. il is probabkn Ihat Ihe in¢on8 I be recefved s￿1 thè amount ol Income recewable be measured reliably. Pag• 24 Cw ID.. e914eeb104f1a7a28ba2dWJc34ilb2a9a2cfc376a LAUNCHPAD READING (A company Ilmtt•d by gilara￿} NOTES TO TrE FINANCWL STATEIIENTS FOR THE YEAR ENDED 31 MARCH 2Q21 Accountlng polkl•s (contInu￿) 13 Expendltsrn Expendil(Ke Is recowised once there is a legal or 0￿￿tIOn lo trartsftt e¢onDmlc ben8fi1 lo a thlrd paty. il is prDbabfe thal a transfer of eEL￿oM￿ benellts be fequwed kn seiuemant and the amwnl of lh• oWlvJn can be rnea5wed reMab5y. Expen(ffitwe Is cla551fSed by acllvlty. The cosls ol each athity are m•1• up of the to￿ of dlrect costs arKI shared costs. rKlud#ig support cosls in¥ol¥e(i In u￿lertakfjThJ eath thty. D1￿cl costs at1rkju1ab￿ lo a sln* acU4rfty are allocated directy lo Ihai acimty. Sl* cos15 wIKch con1r1￿1¢ Itk m￿e than om aclivlty and support C05t5 which are T￿1 amrIt￿lable to a adiwty ¥e aP￿thY*d belween those acts￿e5 on a basls consistent Ihe use of r050urces. Centra slaff cosls are alocated basb of tlme Spent. arnl d8preclatKJn clw alocal9(l the portkn ol tt*185sel's use. Supwl costs are th058 costs wuwred thecgy in SWF*xi of expeNlikne on Ihe otlects oflh8 charity. C081$ of ￿ller*Ing funds are cos15 hYAwred *Kome, and Ihose trKurred In arthttles Ihal ralse Charitable aGlivilw are cos15 Irvxyred on th8 qwali(ms. ¥du&ing 5upporl costs and c0515 relaling lo Ihe g0Vem￿ oflhe 1.0 Ba*ls of consolldallon The finandal stalements con5dld* the Readhig arnl al ol Ks sub5kliary undertaklry ('subsltharlos' The resulls of %*JSKlkrfes xal 51alements rewKes fflwment to make eslimales as5umplbn5 that affect Ihe amojnts reptyied for assets llabth1h￿ as al Il* b*arKe sheet data wd the arnounts repurlod for menue5 and expenses dutbvJ Ihe ya¥. HcthTver. ts nature of esUm•lknn means Ihal aclual oulcomtrs crxthj drfler frnm e5tim*e& The foil0¥￿ThJ have IAd most SIJn￿￿￿t elfecl on nounls recogrfsed kn the fIrM￿la1 slaternenb. Tamglbl• fix•d a%*•ts (Aot• 11) Tan￿7*• Ilxed assets *e dewqciated over ther uselul lives laking account resttlual Yalues, wthere approprlale. The aciua kns of Ihe asset ar￿ w851dual ¥alues are assessed and may vary d8pen(knry on a Thjmber ol faclots. Reshjua value a55essm*rts conshl¢r ISsL￿ suth as Ihe rem*rtr life of tha assel aF￿ dtsposal vkn. Bad d•bts Inot• 13) A prnvtsl￿ b made aga￿1 Spe￿ detrtorn bxed an the ap cl lh¢ debt an a5se8smqnl Doc ￿ •914eeb10411a70281)a2d90¢34db2a9a2¢k376a LAUNCHPAD READING IA comwy Ilmlt•d by guarn￿••) NOTES TO THE FWANCIAL STATEMENTS FOR The YEAR ENDED 31 MARCH 2021 Incomefrnrn donallons and l•*•s Unr•strlct•d R•strfcl•d nds nd• 2021 Totsl fund• 2021 2020 312235 1S5218 159.671 2.335 174.692 2.112 314,570 216.889 319,910 20b.S 161,7B3 285.615 Grants Fun(kaiskw genera 627.124 179.138 806263 709.447 Tolal 2020 388.353 321.lJ94 709.447 Total fund$ Total fvnds 2020 funds 2021 2,571205 2,sr1205 2.455.561 Total 2020 145&%1 2.455.561 Oth•rtradlry actlvhlos Total funds 2020 fundj 2021 funds 2021 124.T28 1052fj5 124,728 105.26S 123.270 18.033 229.993 229.993 141,303 Tolal 2020 141.303 141.303 Doc ID: •914eeb104Ma7928ba2d90c34db2a9a2cfr376a LAUNCHPAD READttIG (A company Ilrnll•d by gu¥*t••) NOTES TO THE FINANC14L STATEMENTS FOR THE YEAR ENDED 31 PAARCH 2021 Exp•ndliurn on ralslng funds funds 2021 fvnds 2021 2020 Ev8rt5 aThl actmlks Slaff cos15 Olher Staff Costs 1&89J 130.711 17.1eo 10090 130,711 17.160 20.113 162.63D 14.725 164.761 164,781 197,468 Toial 2020 194.724 2.744 197.468 Alm￿18 of •xP•ndI￿rn by a¢llvltl•s Acdvllles Support CO51• Total lunds Tolol 2021 2020 *w51ng & SLWOrt Addiltonal support ser¥lces 1151.323 2210 398.365 1549.688 2.WI,087 14.389 23fy389 200,998 1373.323 411754 2,78QOTI 2.751,085 Tolal 2020 2,418.1SO 332,935 2.751.085 DI￿ ID.. e914*J104f1a7a28ba2dg)c34db2a9a2ck3768 LAUNCHPAD READING (A comP￿Y Ilmlt•d by guar*￿ tIOTES TO FMNCIAL STATEMENTS FOR THE YEAR ÉNDED 31 MARCH 2021 Analys1• of dlr•¢t costs Addlllonal H¢w•lng & support Supptsrt sarvlc 2021 2021 Tolal funds 2021 funds 2020 Staff c0515 Dgwecialton Property costs Other slaff costs 1.211463 159.220 741.Q62 34.627 1951 119,373 1,331836 211.780 741.062 171 51A74 1.28Q812 107.827 SY12,567 74,1]94 51850 48,523 2.151.323 222.OCQ 1373.323 Z41&150 Total 2020 1227.985 1￿1.785 2.418.150 Amlysls of support Addltlonal support s•rvlc•s Zln1 Hou•Fng & suN>ort 20 Tol lunds 2020 2021 66.777 254,340 &153 1528 21J13 47.254 6Q777 268.729 5.153 37.49) 239,567 5.305 emlses & oifKe c¢xts Other stsff costs Ba￿¢ charges & olher le85 14.389 21J13 47354 19,320 28.413 14.389 412.754 332.935 Toial a)2D 321102 10.833 332.935 Pa98 29 Doc ID.. e914•èb104fla7a2&M2d90c34db2a9a2¢lc3768 LAUNCHPAD READING (A p)nyaAy Ilmlt•d by wantw) NOTES TO THE FIlIA1K￿ STATEMEllfS FOR THE YEAR ENDED 31 MARCH 2021 Audltorn, f•Munorntlon 2021 2020 Fee5 to Ihe &￿Illy fty aKlil ol Ihe ¢lwrWs anr a¢￿Un￿ FBes to the chariils audltor in Te5pect tr. Al non4ud51 sep4tc85 nol In(aKled abv 095 Staff costs Group Gnjup Company Conyary 2021 2020 Wage5 WKI sala 13K6B3 1,256.620 1me83 114AIIO 111.197 114SOD 88.747 1,256,620 111.197 88.747 Per￿n cos 1,499,021 1,456.$64 1A99,021 1,4S6.564 The avw rAtynber d porson5 8mknd by ts ch•ty swrwa5 as fdltrK: Group Grwp 2020 No. Cht•f EKecullv• SeNice Deliveryfcraknis 38 37 Fu￿1￿9 49 Group 2021 Grwp 2020 SeThke Ddivery ftr al￿¢S FThnce & Admini51raliin 43 Do¢ ID.. e914eeb104f1a7a28ba2dg)c34db2a9a2ck378a LAUNCHPAD READING (A cornwy Ilmlt•d by guarante•) NOTes TO ￿ FINANCIAL STATEUEMTS FOR THE YEAR ENDED 31 M*RCH 21r21 Staff cos¢8 (contlnu• The numbw of Wnpla￿e5 vthose emkne bernffls {excaKlry empbjv Eost5) ex¢eeded £80.000 was.. Gmup 2021 2020 In tr* £70.fM)1- LY),000 DurirvJ Ihe sear £267.90012020. £249￿19) wa5 pabj kn reMw￿l10Th and bfinBfils lo kty M￿agemen1 pwsonnel. 10. TnMt••¢ r•nun•r*lon •nd •xp•n5 rlng the s￿r. no Twusiee5 recerled or (rthwr bwTfft512020. £NILI Dwirg ihe sear erKled 31 U¥ch 2021, expèsw £NI feknbuwd ry pakl dkecly to TnJ¥loe512020'. £321. 11. T•nglbh tlxqd •ssqts Graup and Company lolor proptity proprty v•hkle¥ 0quIpm￿l Total Cojt or valuatlon Al 1 Awl 2020 Addlkns Dlsposa15 6￿12,801 49000 365209 100,500 123A14) 7.871.016 2617fl 123,414) Al 31 March 2021 674808 441355 8,110,369 D•prxlatlon Al 1 Awll 2020 Charge th* year On dlsposals 29160fj 100239 171889 41,300 6.0110 334,528 36,788 123,4141 788,673 278,557 (23A14) Al 31 Vach 2021 163,119 47,31)0 347,9tr1 1,023.816 N•t book v*• At 31 Marth 2021 6,209Jn 780.227 500 94,453 7,081553 At 31 m￿h 2020 6.219.995 843,107 30,741 7.102.343 Page 31 D¢K ID". e914eeb10411a7a28ba2d9￿rt12aga2cI¢3784 LAUNCHPAD READING (A comwy Umlt•d by a￿￿1*10) NOTES TO ￿ FMNCIAL STATEMENrJ FQR THE YEAR ENDED 31 MARCH 2021 li Nx•d aBsth Inv•slm•nls In ¥utssldlary mpanl•s Cost or valuatloA At 1 Aprfl 2020 1.0011 Ai 31 Mxch 2021 1.000 N•t book Y￿u• Al 31 March 2021 1.•00 Al 31 Ntsr¢h 2020 1.000 13. Oobtorn GrDup Company Company 2020 2021 2020 2021 rkn wlthln •)n• y￿r Trade ￿bI￿5 knwnt5 by wp wxlertthw Olher debtrxs Prepa>m¢nls aYKI a¢crued 99.607 248 99,607 7280 8,074 1a870 121838 12811711 128.83 219.312 23&998 212A92 244,072 1& Currnnt ags•t knv•stmonts G￿vP Gn￿P Company Company 2020 20 Cash depwl 750.000 300,(KKJ 750.000 300.000 Doc ID: 0914eeb1041137828ba2dg(k34db2a9a2cf¢376a LAUNCHPAD READING (Acomwy 11m1t￿ by guarant••) NOTES TO THE FINP2ICIAL STATEIIENTS FOR THE YEAR ENDED 31 IAARCH 2W21 15. Crodknrn.. Amounts fal*4 ¥Athln one Company 2021 Company 2020 20 2020 Bank loan5 Trade credKwJ Otherlax￿On •KI wcial Othw crndltr 111603 74189 114.368 116,003 73,189 114.368 80.383 54.759 10.822 54.759 10.822 2,485 20IIJ65 88.254 164442 4K168 318.586 425,545 318.586 Graup 21r21 rknJp C¢)mpany Compary 2021 2020 Def￿ed Income at 1 %120 RescAKces defmd thrkng Ihe 36217 70.650 36.217 170.650} 38,217 35,050 I￿,217 49.317 38.217 (49,317) 36.217 35,056 36.217 Cr•dltorn: Arno￿￿ f•lNng thJ• ali•r nKV• than on• y• Company Company 2021 2020 2021 202D 1471.207 2.589.889 &471207 2.589,889 Dcrt10.' e9l4eeb104l1a7a28ba2d￿*Jldts2aga2Clc37Ga LAUNCHPAD READING c(Xn￿Y IlmlW by guamlw) NOTES TO THE Ff4ANCIAL sTATEM￿s FOR THE YEAR ENDED 31 MARCH 2021 17. Stat•ffl•nt ol funds Slai•mwt of fund•. ¢yrrnnt y Balan￿ at 31 M•Kch 2021 BthK• at 1 Trnr￿lw* ¢xrt Unrnstrlded lunds Oeslgnaled funds Deslwaled Fund5 181,226) 651,11B 1.110.01)0 G•n•ral I￿)dI General 4.700.782 1429.165 (2.W.994) 1694,5261 4.B47.927 T￿al Ilnnsirlcted funds $246W 14U065 (2,TI4210) 56,642 6.95lJ27 R•strlGl•d funds W¢yk and LV8 Skllls ($4,U7) {4,2901 (24,713) 10,01)0 12,1121 Volunleerkng Resdllemenl & fy*y4e On Funds COVID.19 Respon5& 20J26 19,112 34AS5 P8,30ffj 94592 (03,482) 6,149 {36,1301 171139 1175,618) 156,0421 35261 Tolal olfunds 5J35,222 3,808.804 (2,950,838) 5,993.18 PagB 34 Dor ID.. 8914•¥b10411•7a28ba2d9Lt34db2a9a2cfc376a LAIINCHPAD READING (A ¢(Knwy Ilmlt•d by guar•thg) NOTES TO FINANCIPL STATraENTS FOR M YEAR ENDED 31 MARCH 2021 17. Stat•m•nt of funds leanilnu¢d) stat•m•nt offunds- prlor ye Balance al Transfers 31 March 2020 1 Awl a)19 Uni•strfct•d funds D•slgnat•d funds DesWl8d Fth (76.3C(•b 1241.642) 540.058 Gan•rnl GeneThl Furnls 4.021.078 198&442 (1665.851 363,113 4.706,782 Total Unr•slrlct•d funds 4.879.1178 a9M442 (1741151) 121.471 5.246,840 Rwtrlthd funds Emthenl Tralntng & EducatN. Nalional Loll Fund bknlèct Wixk Ufe Skllls Hort[c￿re & Healthy Liiryr¥J Cllenl WeThbelng Funds V0￿￿teerfng Resettlement & Move On FurKis Ptop&ly D*M]ryJm8nt Funds 10.575 14,IKO 13.656 11906 21.601 165,873) 128.741) 113.656) 120.913) (41.174) 107.489 159.2061 33.6Q2 61,197 1511901 20,325 137 9.075 136.045) 34.455 19.075) 95.161 321.lJ94 1206.402) 1121.471) Total offvnd¥ 4.974.239 3,309.536 {2.948.5S31 5,335.222 Doc ID.. e914eeb104f1a7a28ba2dg)c34db2a9a2dc376a LAUNCHPAD READING IA¢ompany Ilmlw by guarant•8) NOTES TO ThE FWMICIAL sfATEMENTS FOR THE YEAR Ela)ED 31 MARCH 2021 18. Symmary of funds Surnmary of lund$- GUTrent y•ar Balance at Tran#fern 31 March Inlout 2021 811￿Ce al 1 Awll 2020 expendlturn ljeslwaled furbjs Gèmral fw Reslrfcted lunds (M,2261 8SI,188 1,110.000 47Qfj782 3A29,665 ￿,￿3,99¢) 1594,5261 4,847.927 179.139 1175,610) qWfj421 36.281 5,335222 3,608MI4 (2,950.838) 5,993.188 wnary offunth. prlor y• Balance at 31 M•ch Des*led furth Genernl fund5 (76.3W) 1241,6421 540,058 1988,442 {2.fjB5.851) 363.113 4,706.782 321,094 (2KW2) 1121.4711 88.382 4.021.078 95.161 4.974.239 3.309.536 (2.948.553) 5,335,222 Doc ID". •914eeb10411a7a2kn2dSW4th>2a982cfc376a LAUKCHPAD READWG (A ¢(￿panY Umltad hy guaMte•) NOTES TO nE FINANCIAL STATEMENTS FOR THE YEAR eNOED 31 MARCH 2021 18. Summary oflunds {contlnu•d) Deslgnated fmds Inthda ￿.0[KI12020: £297.IXKI) l(Y th*hJpmonl fflaknlenarKe of r*oF￿leS d £750.QIXI12020: £MiI for propety purchase. Other deslgnali(ms Irthde £2gY),00012020. £243,0001 fLY Ihe development and ol ad(fthna for w1￿ch ro) ihkd paty ts CW4fi11y secured. Re51ricle(I fwK15 rel* lo lh8 Idlowtr￿. Worf( Lll• Skllls develop lrfe swls. Some of #*se ms have festr￿ rdaling to a partknlar activity è.g. budgeung. *t el Cll•nt Wdlbdng VaThJus grant5 10 5UPVt Ihe physk4 mertal. pssrlK4csW emoli(xwl al￿ sodal weUbe¥w of dlents. Volunteeflng Various gants lo support thè ralè of wlunlws IlwoLW￿th Ihe (wgwwsalion. Some of Ihese ryanls hav• R•s•tti•m•nt & Mov• On Various ganis Its support thè resett￿ •vJ dL•Jndyad thnts ￿10 iThlqperKlent livlng. COV11￿19 R•spons• Varkyjs ganis lo siipp(wl Tespm lo Ihe parthn￿ These gants s￿1 (m a varfety of thwig5 irtludkng: IT arKI pl￿e pluv￿￿￿ lo enabk our slaff to vayk ￿TIng lockdowns, ph￿1￿* 4lwalKns to our office to enable us lo meei hiih dI￿ts in a s(KiaUy d151anced way. PPE and supplas tor bolh c￿ert5 aTrJ staff. 19. Analys￿ of n•1 ass•ts b•hv••n ￿ndS Anatysls of I￿•1¥ betvmqn cwr•nl >T Total fvnds 2021 funds 2021 nd¥ 2021 fmed assd5 Currenl assels Credltorn due on8 yBar Credlkns due In m¢xe Ihan +3ne 7.080.553 1.810.739 1468.158) 471.207) 7.086.553 35.261 1,844000 (468,158 12,471,zon Totsl 5.957.927 35.261 5,993,1B8 P•Je 37 tkx ID.. 8914eeb104f1a7a28ba2d90cMdb2a9a2ck376a LAUNCHPAD READING IAcomwy Ilznlt•d by giiarant••) NOTES TO THE FA4ANCIAL STATEMEMTS FOR THEYEAR ENtEI 31 MARCH 2021 19. Analysls of n•t asséts belw•M fynds Iconllniwdl Analysls of n•t ass•ts b•iw•qn lunds- prlor y•ar lknrEslricled Ra5trithd fur* lund5 20 20 Tolal furKIs 2020 T3￿4ble fixed assets Current assels Creditrys the one ya 7.102.343 1.052972 {318￿86) (1589.889) 7.102,343 1.141,354 (318,586) 12.S89.889) 88.382 To 5.246.840 88.382 S.335.222 Reconc14allon of n•t mov•m*rt In funds to net cath kn from operallno actMiieB Gnwp 2020 2021 N•1 kKome for thg year (as per &alomgrt of FhkyKlal 6SI.966 360.983 Adlustments for. Dewedallon charges 278.557 11J431 148B6 14TJ37 145.315 {3.225) 64.731 <131.734) Inueas￿Idfj(X9aSe} In credknrs N•t cash w+vld•d by opwaUTrJ 1,099,203 430.070 21. Analysls of and Gash •qulvalwts Group 2021 Grnup 2020 Cash In hand 805,356 750,01)0 3￿.000 Total cuh •)d cuh •quJ¥al•rts 1.620,888 905.350 r%x ID.. e914eeb1O4f1a7a2Bba2d90c34db2è￿2c1c376O LAUNCHPAD READING IA compwy Ilmlt•d by guaMt••) NOTES TO TFE FIIANCIAL STATEMENTS FOR ThE YEAR EIIDED 31 MARCH 2021 21 fvAwlysls ol chawjts In net d•bt At 1 Aprll 2020 Cash Ilow• Al 31 March 2021 Cash at bank li ha￿j Debt withln 1 DelA (kR after 1 Llquld Inveslmonls 605356 271.332 876,688 112351 (116,603) 58gW) 118,4582 12.471,20n 31XI,IXID 450,IXKI 750,OIJO {1.79BW1) 837,779 1961,12Z) Op•ratlng l•as• ¢ommknw*s Ai 31 March 2021 Ihe and the charity had lo make rnk*nuffl lease paymert5 Group Company Ccmp 2020 2021 21Y21 Nut lal•r th￿ 1 Jear La* than 1 yJar rb)I l*rlhan 5 y Lalerthan 5 333&50 910J27 66B,132 306,8 1,160.481 751.926 333,950 910,327 r•S8.132 368.890 1,160.481 751.920 1P12,409 2,279.297 1,91I409 2.279.297 The tokl pwenls (or servKes or g)od5 made lo Oryardsth￿ ￿rK￿CIed to LaurKlwad Readlr¥J trn$lee¥ durlng Ihe wa5 £34.23312020 - £32,976). The orgaru5atW5 paKI kntre.. Cream D￿9n £NI (2020.. £2.g¥)41 for design arnj wuil ser4¢ces.' Reading Rotwy Communlty Projects £34,23312020- £29.952) lor rert aTrJ wauln0￿1 Hal £NI (2020.. £120) fc¢ hall I ol D¢K ID.. e914¥eb10411a7a28ba2dg)c34db2a9a2cfc376a LAUNCHPAD READNG IA company Ilmlt•d by guarnntw) NOTES TO THE FWANCL4L STATEMENrs FOR YEAR EPfftD 31 MARCH 21Y21 Prlndp41 suhldliFI• The foll￿￿9 a subsithary ￿lert￿TrJ￿ the Company numbor R*t•rfjd ollk• or wlndpal Class of Holdlng place of bu51n•ss LaU￿h￿d Read￿￿ SeThlces 11162563 Tr* Slables. Klerrkn Pla￿. Orthn3ry Lknmed RoathJ RG11DT 100 Indud•d In consolldatlon Yes The fmn¢lal fesuks ol Ihe subshjwy frr ywtAWe: Incomo Eyndltstra Net ass918 Launchpad Reathg Lknled 637,7fA 637.708 1,OlJO Doc ID.. •914¢gb104f1a7a28ba2d90c34db2J9a2¢fc376a