Vth*n#￿￿* Tr•rtsthiW 11 OL**724 i￿*&￿￿r¢*I)o ￿PIllS Registered number. 1459149 Charity number: 279859 LAUNCHPAD READING IA eompany limited by guaranlee) TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 1711¢y2024 COMPANIES HOIJSE #173 sI￿￿Tr•r•>kn p￿.$97SFIr￿￿W 11 1m"10BST¢ufc+llD1b P21 LAUNCHPAD READ114G .IA company limited by guaran*•l Page Trnsteos. Rew¢. 2-18 ,Indopé"nd•n¢ Audits>rs' Report (>n ttifj Filky￿1•1 Slal•iI￿Its 19-22 Consolldatod slatem0￿ of Financial A¢thios 23 Consolidated Balance Sheet 24 Charity Bai•nc• Sh••t 25 Consolidated s￿ement of Cash Flows Notes to th• Financial Statements 27-44 VI*￿$*r•￿• T•r•* A61. $87&MPIZW 11 Cha3)t4 l*Ct16wiufe•ll D 14BP LAUNCHPAD READING IA conyny limited by guarantao) REFERENCE AND ADIAINISTRATIVE D￿A￿Ls OF THE CHARITY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 WACH 2024 Trustees lan Haslarn. Chair to 16 Novenknr 2023 Wiffliam,fv•AJnta￿e. Vice ￿￿r.froM 16 Novents 20ZJ Hannah Powell. VK* Chair Wright. WKe Char from 16 Noverriiw 2(123 knna Ghdli {resy*d 8 Juty 2024) Suzanne Hall I￿gned 5 Septunber 2024> Fw)na Hammond lappofftted 5 September 2024) P.hilip Jones Helen W¥ir¥J (wigned 5 SeVember2024) Company r•gi*•rnd numb*r 1459149 Charty rog￿ter9d numbor Company secretary ￿ Flambl Chief exeGUtivo offie•r ￿ Han knd•pendwrt authors James Krestffj A￿ar¢ Reath'ng &id9e H Rearfing RG1 8LS Bankors Re•JirwJ RG1 1AX 201 Froad Street Mal Readirwj RG17QA Soliciiors The Old Coroners c(￿rt Reathrvj RG1.4QW PagE 1 Trustees, Report for the year ended 31 March 2024 Thank you to our team The Bo8￿ of trustees and wtior mar￿￿ teain i¥ould lkni to take thÉs opp(xtunty to thank th.e amazing group ol people wlKtr make everything at LaW￿hPad hap￿- worbjerful stsff and Launchpad's Mission, )r￿lon and Values Our vision Launchpad Reading wants everyort in Re•JirvJ to have It￿ home ¥wJ the opwlunity lor a posrtive firture. Our Mission Our mission is to knuse, Sup1￿ effpmr wlner*e F* to tr￿$1￿ lkn lives aThl fu￿1 ,their potential. Our Values We are cornmitted to the folh74thirwJ value5: RESPECT: EMPOWER: INTEGRITY: INFLUENCE: Everyone ha5 the opputunty to help others fuffil tr*ir p)tential We aw open, oytsistent and aCC￿nIable We use our skills to encoura98 d￿l¥Je and innovation" Every [￿son lum5 to us fLY h* ts dlterert and fatss unique d￿11￿￿. We prnvide be$￿ke. holistic SUp￿rt on an indNidual basis. always ￿ns￿ler1￿j the best way to help in eath silualion. These are Ihe tangible Ihings we do tr) he￿ people in Reajing.. Provide high quality. iftdivklualy tsikired sur¢ Help people becwfte more adive and In¥￿Ved in ther Raise awareness of hc¥nthssness auoss Re•Jing Our Services - an overview iaunchpad ts Reading's leadmg l￿￿1e$Sness prevention charity. prov￿)ng vital IrrfOrn￿1i0n and holistic support for individua15. couples and famii*s who have a stsble Flace to INe. Qr are al risk of losing their hcm*. Wo d•livar 3 k•y S•ni1￿$. w• IKev￿1 hoMelts￿. provide homes and rebuild lives: 1} Preventing h￿l￿￿neSS Hornelessness figures awe Trsing ye•T on year. Launclyd a nu*￿ts*r of ways to stop a housing problom bKoming a ￿•5￿$. and lo proveni homelessne55 in Readi . Our DrO￿n SOT¥ice offets s*ist infom)atffi and SUFfKMt for at risk of kwrva thelr Somelimes pe￿e need nKKe hdp to tyrferC￿ a serious housing-related ¢hallery8. Our floaiiDg suppon Servi￿ woths with iftdividuals. (g￿pIeS aTrJ families to address the r￿t of their housing problems so they a￿ ab￿ to oblain and suslain a ￿.te[rn lead full and IPa9e2 Ti•iWknI M. 11 W 2024 1gIQ10V3TIUTC+1)0 PAO We provtde Lwlored support lor Per￿ts of trwee to six rnonths ts peopte who have srecial edu(ational needs or di&ikn"lilies. are vidims of domeslic abuse crf are leavirvJ care or prison, and le who afe stTugglwvJ wilh issues SLKth as addidion. debt Managen￿t. t#ja￿1n9. PCA)r mentsl hedth numeracy and liter8Cy. A specialist soltcilor provides Ikwsing and homeknness4ekted kgal athtce. and we empby a C￿Pr[wJU¢Ii0n Cowthnator WI￿ leads the development of cowduGlion across services in . Owirrfj perK#ls of extreme cokl we supwxt R&￿Ing'S Sevewe Weather Enwgerry Provtsion as needed (¥￿th vdunteers, tciletries and ftxxl) to support the ttr*n's rotyh swws: in hol weathef. we supply water and sun cTram to c*ents. 21 Providing homo9 Launchpad aims to break the cycle of homelessness by providing b￿h temporary and long- terrn homes for those who dony have a clean. sale and ￿•ble plac¢ to live. Readry for up to 104 F*0￿e at a time ¥tho are h)meless or at risk of becoming homeless and eambines tras with indivithal. targeted SUPFXXI to get resKlents' live5 back on track. Each cfient is supported for 6 to 12 n￿nthS with a personalised suppjrt pkn to tathe the issue5 that •e holding them back so they can 47blain sustain more Pern￿nent IKx￿1ng. aThJ Ive independenty. We also pmvhje affordable, suslainbk WKI long4erm accthnmodtition for 12 W￿l¥ldU3I$. o)uples and families in htyJsirwJ r*ed. Where p0￿b￿. these are allocated to people who have been supported by Lajnchpad ￿ are now able to INe independenty and wFthout our speuali5t help. or Ihose in hcwswwj need. R•stttl•m•nt- La￿.$ aim fry every dient is for them lo find and keep a dean. sale and Stable home Whe￿ they m￿age a tong-twm tenancy and live a fijll life. Sometimes dients need extra help to step away from wr sep*ice$. rnove into the aTrJ no lonoer rety on our support. 3) Rebuilding liv•s We know ti lakes more than just a home to help people CArt of tK*MeleSsr￿. We SUPF people to I￿kIe their issues and rebjld Iheir h'ves Ilwh actsiities supw>rt with educalion. training and emtAoymenl. Launchpad 135 - Work and Life Skills Centre The Work arKI Life Sknlls ¢￿tre al 135 Cardrff Road is just ten minirte5' walk from Launthpad's to%ffi centre Offi￿ arKI tK)aSts Ihe fd10￿ bespoke fLY vulnerable Feople in Re*l￿g. At the centre, people are hory*less crf * risk of bsing ttwr home can leam new s￿s. attend counselling. Iwibj wnfidenee and get ba(* trainiw, educat¥)n aThJ emFrfoymenL The centre houses: a trnming ￿tchen frK and baris18 trainirwJ tXUfftS a DIY w(vkshop a launthy area lo help dients le￿ howto maintam a homè arkl seW4are ha¥thessirwJ facititses where wofessional vdunieer5 prov¥Je tr￿ regularfy an IT suite for ￿>b searchry aTrJ online a w￿s￿lIng seplice 'Pa983 Client stories - Stephen" Stephen has lived in Reading his lrfe has strorwJ fanwly conneclions ac¥oss the twi. Stephen started workin9 as scth as he left sth(x)l arbj h•J jobs wh¥* he ￿lOYed- ind￿11n9 being a tree sur- gcon. ond a land￿r pc gardener. But thiws thangcd dmsticalty vthcn a diffiryJlt marriage ended, Stephen his partner had ￿ thiklren. but a thffioJtt ¥Ait meant tr￿t he r￿uldn't see Iw"s son and da￿ter. Stephen took this badly and he spiralled into depressIL￿. .1 started livu￿ fough and rnt Mxking...this made my dewessiom wov5e.151arted taking drugs, it was the worst msslake l ever did. 8ul it was a way of copww. This went on for yeats. I can't believe it looking back. But I got locked into a chaotic lifecyde. It got lo Ihe ponl I was taking every day. When I did work- il was for ¢ash just lo get drugs. I never th￿ht about gelling l*. Ihen things were al Ihe¥ ￿51. I was sleepirKJ rough and •&*iXed to hard **ugs... And no suryjrise my men- tal hearth suffered. l thO￿t the thugs tr*d. but all Itw thd was mask bad ry lrfestyle was." During this lorwJ Ferioj o15kwTrJ rough Stephen keep in with IMS sister who used to wash hls clothes and he would tske a shthver at her hr￿tse. But he cut himsew off frixn most pec¢*le. induding his par- ents."I didn't notwant parents to see me thi5 way. so I stsyed away from them.. It was his intep4ention that stsrted tre prow of recx>¥ery.-She marched me k> Ihe LX)und of- flces, h*ice as I Vds Iwned awdy the time. TIMS is l finaty started to get sorne proper supp(xt." After beiThJ provKled V47th temprrtry actcAnmcAlakn via the cthmjl ￿ 2 years, ￿ was referred to Launchpad. provided with a rcmxn in a sha￿d Launc1￿j fKwse tr*n rnved to his o*r6 IlaL Recovery was very slow. and Siephen was dosed off to n￿)$1 peo* fty a SorwJ ti￿. For tr4¥0 years, ttr* Launthpad team didn't make muth FYogrES 'After finally Wbng SoMew￿e to k¥e. I dKlnl St￿ takwvj (trugs for some t1fT￿. I was 5ti11 a thaolic lif style arxl vras in and of pri￿. I guess I was slibl sttKk." wtmlst in wlson, Launthpad referred Steplw to Readiry a￿j *{4K￿ servi￿. CGL (Change GTOW Livel. Aj￿ [￿￿VIng two spells in h05pitsF wilh pn¢umtyiia. t* ¥mply w¢￿e up ddy Ilioughl Was enough. The fatsr of ts¥o then stsrted lo lake g￿* w%Ye ￿ regdarfy passiThJ tests. Over tirne. Stephen ftKmed a strong arKI &￿SrtNe relabonship with his Launthpad support wother. Stephen credits the team lor helpirvJ him move on wilh his lrfe stsying drL¥J-free. The Launchpay team helped him get the right benefits a￿1 appty lor an'ESA rned￿￿' he was eligible for. This means a bit more money to help provide space for IMM to fcrfxts on his recovery prwty. This type of support fiom Laundipad has been as irrwrtant as ha¥iry a l￿f over my he•J." saMI Ste(kn. buthjetsng, to enswe his r￿neY lasted for a ￿nIh. Stephen also started to tske more pride in his ac- Yhanks to Ihe support I've had. I'm a better vefsioft of mysell. I've been clean for over a year and having a stable home wll help me stsy that way. Irs ￿veTr me Ihe SP￿ to get ts yews I lost bac*. "I'm st"Il on anti- depre55ants txrt they are hdping me. l am enjoying being alNe... l knrmf I've still got woth to do but I'll get cepted onto Reading Borough c(￿nCil.s'Rent Gwar*ee Scherm.. He ha$ a flatthat he oll hls tyvn. time wilh Launthpad is corrirKJ lo an end. and I'm not goiTrJ io ￿- I'm g)ing to miss ts t&wn. the tea aTrJ thats. Bul I￿e leamt to be Ca￿lU1. I donl spend lift￿ with c*J frIe￿Is. and one knov*S 4there I live. to reduce the rTrsk of me Tdap5ing. I￿ W my rffi tst now and see my boy regularty. my mum and dad. I'm feeling better about everything. Page 4 Our impact and achievements We are inuedibly FYoud of what has been athieved in the18St year - our year has been a siory of grthth. with demand for Launchpad's services inc¥easing by year (ffi year; a new contract was awarded in January 2024 10 stsrt on 1 April 2024 by Reajing 8￿￿gh Cwnal to PTovide 24 hour supwrt aeJoss 2 new prciects aryj Ihe pythase of 2 more wopwties to iruea5e the number of housuig opticrfts for Ihe tv*n. Launchpad remains a arKI ambitio¥Js th•ity with ￿n$ lo help m(xe peO￿e overcome Iheir hoUsY￿ dwllerwjes in the qxning yea5. In 2023r24, Launthpad hewl 1.807 people (2022123- 1.473)-a 22% inuease on tr• previous year and a reminder of the conlinimng of (wr The number of clients supported by each servi¢e: 248 hcAtsehdds were trelped by our Floating Swxxt seThice 1,141 peopte were swported thrixMJh t)rop In 32 dients moved on from rNJr SUFQCAted htsfyrKJ Servi￿ into independent accommLwJaknon 140 people were supwted by ￿ s￿tyted trKMtsing leam 233 dients were helped by our 7*r1￿ lrfe skills cerrtre 27 dients wwe helped by our removals team 40 people were suprxjrted by our legal partner Twpn Miller LLP In 2023124, Launchpad Reading's service delivery achievements ineluded.. Preventiry 1￿MelessneSS 1.141 Kw48 used our Dropin seTrice- an inuease of 2VA from last year. The +yooing cosl of Ilving uisis and infialionary txice rises has c¥)￿l￿J1ed to Dr(w In nwntws inueasry. We had an increase in left￿eeS WKI aWurn seeke￿ attwKliry Drrp In. 29 of these ¢I￿nts were The dropin servtce is available ￿ anycA)e in htyjsing need orwith a hougng issue. Over the year. this induded people See￿ng help with Univetsal Credi( laTh￿c￿d diswtes, regtstering as homeless and facing eVic￿n. This seThi￿. run wilh tr* support of a dedicated tewn of volunteers. helps people resolve Iheir *th￿Ing uises. frel supwxied arKI better inlormed ￿ slgiNK6ts them to ￿ specialisl agencies. Floating swiport- 248 houseltrjlds reeeived wixvtfmm L•Jnthpad's Iloaling support servi￿. an I￿eaSe of 7%. This includes 177 Single people and 71 families linduding couplesl. This team provwjes tailored support lor 3 to 6 nKJnths for people al risk of fosing thar home betaJse of an issue suth as debt. hoardw, FKKir mentsl heahh or adthcts￿: or to th)se req￿riTh9 suprth to seltte into new aco)mmodakn to enab* thwn to suslain tsr w tenancy. Providing homes Support•d housing 140 reople were housed and sUpF￿￿ by our supp)rt&J lthsing semce. Each was provlded wtlh a place to kve in one of L￿n&￿1'S properties aKI supp*)rted ¢)ver 6 to 12 months by (Ine of our suP￿t staff to help them Prepa￿ for a Flann￿ and posi*ve mrNe on to a tenancy Ihey can sustain. Ow work with l(Thl Parts￿ ag￿￿leS and (xynmunity groups ensured dient5 received wrwround supp)rt and ts L*5t c¥yuttmity to rth￿Id lives arnl rrty)ve oul of homelessness. 'PageS V.*nts Tw**) FW.s87G•4￿1z￿W 11 Ot¢2tyts 1gA'I88STiLITC+1)0111 PW46 13 of t￿$¢ dients V*we resetyed into long lerm homes. Resettjement means that Launchpad supported by sour0￿ vthile g(#￿15, hdimng wilh budgeting and making sure pecyle will be at4e to rnan4e Iheir tenanty suth as setting up utifity ac£thnts. Whilst the Thmbers of pe(We Y1t￿ hwe nKwed Qn has fraifen ty 11% Far on ye*. this is a fefiectwjn al the I￿k of afford*le Wicrfts beir*J avadaL*. imp•Xiry (bn throughpuL Rebuilding liv•s Launchpad 135. Reading's W*)rk and Life Sk115 ￿ntre has seen &xsiderable gTrNth thals (>Jmw from extemal SOUT￿ suth a5 Social Presuknry. ProbalK)n and other agencies. This year. 233 membets *ere supr<¥ted by 135 th&e We￿ a kxal of 1.570 atlendances at 135 {one A lurther 125 iThJiVi(￿lS attendirKJ o)mmunty thients. 4 dren1$ secured IDI￿lary F4X￿n￿ts- a key step in bu￿1￿ Cl￿ aTrJ priyyessing to 3 clients 5eaJred Lived EXFerIen￿ ¥duntary pl￿rnents {2 peer support worker5. one in Supported HousiwJ aral one at 135. and l Lived EXr￿T￿ volunteer who had 8 12-week placement) 4 dierts secured emptyrwt Counselling At Launchpad 135. ¥￿ wo¥ide free ￿￿￿bse11ln9 for cl￿nts. ThÈ4 year, 17 in(li¥#luals re￿iVed nselling prO￿ded by ¥O￿nteer eAwnsefLYS tr supwxt. vlith anxiety. I*Fffes￿n. stress. emotional management, and other areas. Voluntooring Launthpad has a team of over 70 NY>knrteers T*tho wovthj 4.636 t¥Jurs {2022. 2023. 3.721 hour5) of sup￿1 during the year. Thi5 is the ￿ul¥alent Ihan 2￿ fu1￿Me staff for the year and equates to a donalion ofoNer £64.044. <)x voIw*tee￿ wtyk in tth dient-facing ar￿ bad(th r(Aes- provide counselliryj, sutwl ho￿￿lesS pW)￿e at our ￿m￿1n setwtce, run *ivil*s at Laurthp•J 135, Cheer on wnners at our Our ￿g￿lar volunteers work *ith us f(x a fe* hours (Y even several days a week, ar￿ olher vdunteers support us on a rn0￿ ad-￿ basis at fvndraising events as Big Sleep Out 8nd the Pancake Ra￿. Partnership working excellent relationships wthlj local agencies induding Thames VaN&yPolice, Reathng Council. Change Grow LNe. and the National Pffjbat•￿ Semce anK¥wI othets. L•gal support- ￿ Its3ve a partnership with Oxf(w&based law fi￿.TU￿￿n Miller LLP who provide access to a soliotor who *rrks from ow office. The sdi(itr* F￿￿deS cxucial houssng and ' hLynelessness.rel8ted ￿galad￿j(£- and tskes legal aclKm ￿ behayb ofp*e WI￿ are Bt risk L losing Iheir home or don't ha¥E a safe pla¢e to live. The solKitorworks v￿th dients k) engjre they are treated lawffijffy by landlords, housing aswiabons and other agencies acffjss Reading; ty upskj'lling slaff. ed￿ating people come to us frx SUPkK¥I on their legal rithts, ￿pIr4 Ihem navigate complKated legal proceedings and adin9 as an advocate Ihey Je too yulrwable lo use thwr voice. Launchpad 135 has expanded its prOgr￿e of attivthes and offerings and has develO￿j partnerships with rjxwate suptKIrtW5 suth as Ikea, ststutory age￿ie$. aThJ charities and Change Grw Live The Cornmunity PrLiecl Nab"onal Careets Advice- carews opw ¢0 wblic as well Reading Vol￿tary Acticm- Get Online Re•*ng aTrJ So(xal Presttilx Reading Statb)n P￿nter5 Propcl inTKfvirvJ: Laur¥&yad 135. Food4FarThlies. Neiwoth Ral and the 8￿ Fiientjy Project 2 membws engaged Musewn of English Rural Life: 'SOW Men's Mental Heath wogramme Univer5rty Rea*"ng - Work Ready Visits to meet with staff frcvn Estates. Secuwity arK Facilities Team and 1 year sbxlent [Aa￿￿t- Assistant Programme C￿rdIna10T rcle In Januwy 2024 , R&idry welfa￿ Rights began to lease spw at Lw￿hp8d 135, and lo offer S day a ¥￿ek appjinknents and supwrt at the centre to anyo￿ seekwKJ help linduding the general pubk). , Prtrbono supwt from partheps arKI SUPFXNte15 &xtinues lo be invaluable: We ry>ntinue to be supwxied dothes •KI esserrtia15 for¢ffients ty kul itharity The Cowshed Crumbs 0)ntin￿l to suprth us wtlh edible iterns fc* our events Ikea o)ntinued to support us wilh the of moving in p The Oracle strwpry centre a￿1 The Dojlwse $UPFK*ted us r¢Kffi$ for training aTr meetings Pfizes for events from parfnern s￿tt as Tr Roseate Hotel. the JewElers. 8￿1$. Fundraising Fun(tralslng supporL Campaig￿ and w•nts Your Big Sleep Out As we moved the &"9 Sleep Chrt event kn bienn￿. it vras reF4xed by'your Bi9 Sleep OUY for SCI￿lS and ojmmunity groups suth as sccmjts and guides. A guide was wovthj for wganisers afKI the fundraising tearn supported as needed. TI￿Se o)mtxne(l events raised nearty £11,tKKI. Property appeal In l)dober. we aFvoathed key supthrs and doncffs to supwxi the refu￿1$1￿￿￿ ofour 2 new wopert￿. Their generow re5ulied vb of nearfy £14.OlXI. Christmas 2023 activities Al a time vthen many rellect on their l¥es aThJ to give to those in need. Ihe I￿1 (xjmmurrity were increthbly generCrt￿ organi5iThJ events on our behatland suwthirKJ our ￿tline Christrnas campaign. year. Reath"￿'s ConL*rt Hal orte aoain hosted our CaToLs by Cwdb8lwht event Sup￿ from Lix events. The eveni￿ raised £12.M thTOLNJh tirknt sales. sponsorship and donations. with over 5Crf) attendees enioying an evening ol carols Y￿1h Toke Note Community choir and English Martyrs SclMy)t choir. al¢mgside readings Irom slaff. business sUp￿rterS. aTrJ Vol￿teerS. However. the evenys profftabilty was chalbengiTrJ. ￿ a r￿rn fate of 30%. showwyJ d￿llenge5 Ihat the tharity is faciTrJ. The tOL￿ amount rnb5ed over the Chii5trna5 per￿d. f￿M all adiw11￿. exduding the CarcAs. wa5 £55.412. Pan¢•k• Ra ()Jr iojr4c, nwch4oved pancake rnce ￿￿jrned ￿ February 2024. 34 teaffts from businesses and (*mmuThty groups- in fancy ¢tress- rnc*d agansi eath cAhtr C￿ Broad Slreet and raised nel £8516. Corporato suppon CorFM)rate suppcrt has m(re than thx*ded in pasi w*ith 28% 01 fundras1￿ inccthe c¥xniThJ from local ￿SineSses, induding Saville's, Frasers Pft)pety, and Natwest who d￿ated £10.000. The learn also created a a)rporate brothure to expkin atM)Ut partnership wuking wilh Launchpad. Therfr has been also rtse in the number ofallotrnent days bry)ked ￿ 24 companies Visbbng across the year. This raised £3,000 and wcduc*d 1CQ boxes offresh Pr￿1￿ whK* were delivered to Launchpad 135 and the l(Kal f(¥)dbar Challen L*e many other thaiknes. we have faced siw[f￿an1 chaltew in fimdraiSw￿ this year. IrKli¥idual fundraising effc¥ts lknigh third parfies have teen SI￿. cme4)ff donations via our website have de¢7eased. and partiCIpa￿n in events has akn dedined. AAhough the nunkn of new donors has fallen cornpared to last year. we have seen a t￿lIVe thange in tt￿1 the average oJntrityJtion Irom these new supporter5 has incTrasad. iTh*catry a wthTwe5S to gbve n¥)re de5pi18 the challenging Addilionalty. there has been a steady dedine in nwnberofts)nots ts￿1￿) for rewlar monthly contri1x￿.Or￿. Ive believe Ihis drcp is largely ¢kn to the ¢￿tilng cost of living uisis and iising infiation. fv.ch have impacted many surwrteTS' alx.lty to commit to reg￿ gNing. Looking ahead lo 2024125. our wIm￿Y toojs will enh*wiThJ 5UPPJter engagemenL Thi5 will invofve refining our cornmunicaticffi strategies to ensure our dOn￿S feel valued. expressing gratitude more effecti¥ety. arKI Ma￿￿9 improvements to ow vrtbsrte and online donation prctess io create a srvKother experience for our sUpFyNts￿. We also plan to foster g￿ter oJHaboralion Wblh third pa￿5 d ccrfllrn￿1ty grow. to tuld strorw rnnr*cliorts arwj incfftase our reach within the COMTh￿nIty. '.*n**• Tr4r•xkn ￿￿887¢￿•￿z￿￿ 11 ￿ 2rr24 1•*>.16B8rotre •1}D •*P 1114 Fundrnlslng Standards lftfonTrath adth'lional support and seTrI￿s to its ￿￿ts. Laun¢hp0d Reading has an ethKal luntha1singp￿¢y. abid6s by Fundraismw Regulators Code of Plac￿ andfollows the Clwrteftd Inslrtute ofFundraiwng's Codes 0fFundra￿ng prn¢fr"￿. The Head ofMath•ting andFurthiwgis a member ofthe Institutti ofFundrn'sing. We do not use extemal fvrdrais8fS, vAth th& excepti￿ ofa grnnts and fmsls ¢>)nsullant wlK+ wo￿5 4Yrfh us one daya week as an exlension lo the team. Laun¢hpad respe¢ts the lights ofts suppL¥ters to receNe dear. bv1hfidlnf0m￿ti0n on the Wa￿ olLaurtchpad and will openly reFort how ￿ spwxldonated moni•s andundertak& to Organisational development Highlights of iht yew: We 5ecurnd an extensb)n ¢0 ow SuKyxted tr1ousl￿ aThJ FbMlir*J Suprth contract with Read Boyough Counal unld August 2025 ensuriTrJ Ihal have conb.nuty lo our swvices. Oue to a funding decrease in Supported Hou￿ng for the secoThJ year of the extension, we have reduced our staffing costs by not recruiting for sc¥ne of Ihe Increasing 5tsff u)sts with no additional funding vithin the contract Values remains a d￿llry. We rx)ntinued to deliver addilional Dropln sessior6 in parfnershp wth s￿￿￿tOry servii%s, however this wa5 a ch*lerye in Witof the Yuease thfawJh our On￿te Drop In servirE. A new Se￿￿ Strategy was l*Jn¢hed tr*$ year to the or9anrAtion. Thi5 strategy Sets out 4 strategic goa15 whith Mll F¥DvNle a form for our gru*th a￿1 development as an organisab.on over the next 3 >*ats: Collaboralive parnwShl￿- WorkiTrJ with part￿S ￿ cre* weatsr impacL Imwovwwj ch￿C*S ofgrant fundiTrJ. Fomiing Strateg￿ Partnershi￿ lo athie¥e change across S￿tots. Varioty of servicos- Expanding our reach by Sup1*Nt￿fj pecpbe to impn)ve their FxOsFe￿ty. Indep￿￿￿ and sotyal to unk￿k people's wtents"al. Ensuring we have a bro•1 offer in eduration. training arKI voluntwing. Ththich cunplement client needs. Ifnprov•d outcomes & lmpact-Analysw￿ CAW dats to tarw urffixl needs. ne4V afvj emerging challenges. Targefing scoal indusion. irnproviThJ (VPL¥lunii￿s for 811. Conrectiry to ts communty. Influencing decision making based on el•jer￿ aKI arWrfying refevant issues. Quality services- Leadtng by exanple. shanry goK¥J prnctlx. ktir¥J on lived experience feedbad( and delivwing value for mow. Tr￿ned staff vtho ￿ engage minority groy. Scwtiny and development of ￿Jr wacbrA. Clitint eng•gem•nt and feedb￿￿ induded: Refrestmry Ihe Clwrt F(Kum. Y(xw Vo￿.. ¥thith anrnwmy. Page 9 L8ts*• Trnr0)knN•LSts7C4411Z￿ 11 Ix#aR• 1gA'1¢88TVJIC+i10116 P l¥ House meelirrfJs for tenants ar#J housing Sur￿￿. l>¥Joing exit suNey3 for dients they leave the service. Fo(yJsed inter¥iews en th¢Jse wth MUl￿PIe reeds to capttire any seNitx barriers Ihereby developiThJ wr Ser41￿ de&¥ery. A new c￿P￿luc￿On C(>orflnal￿ ￿le was intr￿UCed to further develcp M&4M (Making Every Adult Matter) ￿ partwship with Reading Bcnu9h CoJncil- this rote will loc￿ cfft capturing the voice of ItM)se using t￿￿elesS serviem Y•il feed inlo future coir4nissionng. 2023 saw tr* purchase ef 2 ffwjfe wop*tss. addiry an extra 11 bedspaces to our p(thlio. These wlll be affocated to tr* ReaOrKJ Borough cour￿41 Rent Guarantee scheme in Spring 2024. after being refurbished lo Hcxtsing in Multiple Oc¢wpation sland￿. to supwt the need for afft>rdable accommodati￿ in Readir¥J. Al leaseholds ¥￿Te revtevRd during the yew w*h negotiatw)ns to sewrg favourable terms for Ihe lulure in light of the ii5e in infialion tra￿Er￿3 lease cost increases to L(￿1 H￿Sir￿j AJlo*afKe •n5tead of CPI. Ene￿Y performan￿ Certifi¢2te {EPCs) fortyjr IKOFerbe5- all rabj E or above Assessment and pLannirvJ to upgrade another fwr proF>erties EPCS. Upgrades to Aiilon H(M￿e. with increased Inyjation. imwovernents io the heatiry system and reassessment of the EPC from an E to a C PIR Luhting has teen bnSIat￿d inb) hallolourop￿￿l properties. The Stable5 renovab'on5- dup to the wThk a5%Jciated with haviry been awarded the tender for the 2 new Servi￿ in late 2023. and the 2 new ￿rtr￿es (wth a$s(￿ated HMO licensing usy•Jes>, we had to delay Stabks unts"I late 2024. A new People Strategy was laUnL*￿d thriThJ the year and sets txrt h(Y•V we as an organisation want to develop and adapt enVirc￿Men[ a￿1 S[ecif￿1ty Ihe way ￿ recruit. develop and rets"n our peopk so that Lau￿th￿j is srmnevkn peo* want to be. The strate9y sets 4 thtegic f*il txovide a t(￿￿5 for our gro¥rth aThJ devekqxnenl as ￿ organisalicffi over Ihe next 3 ye￿. Effedive leaders and managers- We vAnt to have supportive. empathebc lewkrs and managers wtw) can losler an induyve. collab(wative envir0nrf￿L Our leaders will consistenty epitomise our values aThJ ha￿ tr* cap*)ility ￿n￿je￿¢¢ to engage. ¢knkp. challenge and My c¢ntribution. my d•v•lopmoM- We will create Op￿rtUnIti.eS for sL8ff. regardless of their tharacten5tics or life experienc￿ to develop pets)nalty wofessionally. To have a lulfilling career and provide aC￿$S to the best ewwien￿9 and I￿r￿r0 L￿porbJnl1ieS to enable them to thrive. To ensure everybctys ¥¢1￿ is affe¢ting them. Collaborative & thriving envimnment-we aim to be a ljuly Ir￿uSt¥e organisation in whith diversty is valued. and pewe feel they belong. We w￿t lo weEttthe more hdentilies. profiles and ba¢kgrounrls treab"rYJ a dhveise rnix. We want ID ensure everyone's eff(Yts count and aliw to a bigger wrpose that brir￿ everyone tryJether. We want to ensure that al employees we able to achieve a healihy lile balan￿. TNothirKJ fiexibly in a way that is (Milojrne drrien. R•i•ntton and •ttra¢iion of tal•nl- We want to supp(Yt the Th*lltwn9 ofour pwple.. attract the best lalent.. devdop a ftexible. perfomiwKJ th￿￿[OrCe. detiver effethie leadwship. and wo together to embrace Change and •Japt to rthv ways of workin9. ie10 The BoBrd oftruslees has a new exeothe wnnyltee tru#ees sw.ing 141 as vic chalrs to SUPF*yt the ch8V. The sen￿￿ management team has in the L*t ￿WIth the ￿￿uitfflent of a new Head ol Semces. Head of Finan￿ and Head of HR. We have continued lo invest in Staff and manag￿la1 tra￿•r￿j aThJ have implemented several r￿W wellbeing iThtiatives to supw)rt our staff. Ind￿lIft9 lunchlime tA￿rkShopS and relreshed our peer- led Refleclive Pradice to help (dleag￿S deal the emth)nal irryact ol their work. Many of on9￿n9 deveiopmerts are inforrr¢d ty feethack Irfm our staff. induding via surveys and fcKus gffjups. We held a slaff suNey to allcMT Staff a Voice and lo idenlify key themes to on bmthin slaff wthing grws l￿WInUed to f￿S on.the key Ihemes of HeaNh ¥•Y Wellbeing. Leaming and DevelopmenL 88longirvJ arKI C.lienl Engagom8nL A monlNy staff oewsletter has been ffttro(knced to improve ¥)tem81 ￿mmUnIt￿tiC￿. highl1￿ing g(￿d news s￿"e$. he￿￿ praclices and gu￿anCe ￿￿OsS departments. We have also rev*wed upJraded stsff pacwes arrfl benefils and intrLwJuced Slali long a SalesforcE sotution devetor*d by Hon￿leSS knnk. The system is web based. g) can be accessed rernotety to assist sL￿T￿herevU they are 7wc¥kiThJ from. arHJ wll be used to maroge dients. properttes and rents. This soluim retszs eL¥nbines 2 lega￿ systems makiThJ feportino easier. We have engaged a r*w digilal agery to hek> u5 irnprrrle the ac￿￿1)llIty a￿1 u5abilbty the We￿Ie. indu(*rMJ improve￿￿ to SEO utstclnerN￿ffleyS We have I￿rease￿ the amount of deswJn in1Kx￿. savvvJ tiThie and rnoney. aThl AP5killed staff with mejjia trairrir We implen*nted Enthuse as an alknHti¥e Ik*eIff￿ arKI furnlraising plattom) The Markeb"rwJ and fvrKlraising slrntegy was Lylated *ith a fo(yJ5 011: Growir#J ihe number of Reading resNJents are aware of La￿￿pad to en(yJur•)e them to share. s￿[￿￿1. donale. vcAunteer and attend our events. Increasing fundrn.sing income in (wder to SUPKI￿ for servictt a)d LPS arnbib.on to pmpety and pwle in Readi P•Je 11 P•l.$87GMk¢Z&IW11 CK12CQ4 1*￿￿*B57 iiifc+1 JCtr1MP 14145 The Future lemi solutions. Devetopry ¢Wf two services $Yth￿1r￿j a Ilwa￿ts"C enwrLv￿th for individuals to thrive and build their independence. our servi Intrcmlucing a (x>pr(MJLKl¥)n Str￿e￿ ￿0$S Reading. maprAr4J and prom(AiThJ dient engagement s￿re additK>nal funthng lor Lawthpad 135 to enswe conlirnmty of ser￿￿ as ow >year funding ends in De￿mber 2024. *KI inlroJLLiry an oulreath offer to those wilh mullipbe We wll also cmtinue to m¢Jnitor and review the needs of our dients. arha those in need wthin Reathng to i(*nffji potenlial imwovements to. or expansion of. Ser¥7￿ provided., and to work with dients to identify and adapt aclivitÉes and services delNered al ryJr work and lrfe skills ¢entre. This is lo ensure that these best r￿et the needs of w client wup and gwe them the best pOss￿le thance of a Frt)sitive future. Property. Aim. Incm5e ow nthnbw of 5•cuwo. •ffonl•bh housing stock We want lo ensure we continue to irKrease our aff(Ydable WDperty WI￿5. the rKwnber ol bed spa￿5 we to house famiiies and swwles acffjss Reading. Increasing ow numbBr of lease Partne￿hiPS in expand (wjr afftydable Fyopety o tions across Readiry. Review wr hou$r#J slaff structure to erwe the seNice Can ￿ntInue to deliver htgh stand. ards as cAJr propety irKTeases to meet cJ)mplianc* and that all stsff 8 professionally trained to ahgn writh reSp￿￿1b1@ pers￿ starthrds. Research and c4)nskleratioTr in regstWiTr3 as a Pro¥itsr of &xial Housing Renovab'on of The Stsbles offices creatsng ftexth and a¢c*ssth space, *tyth adthlional ylunibes ft>r the thal c4)nwnunty to utilw. People Aim . Build our resilience and expertise and move foTrvard tO￿ther Wè want to build on our Se￿iceS and develop a that is a￿￿nUallY leamNu and develoFing.' Mthere our slaff and vdunteer& a￿1 the exi51 to serve. feel valued aTrJ emp)wared. Furlhering ow work cm wlture, thereby Thwo¥ing indusion. and belonumng Ihrough worf(ing groups. soft skn.lfs lu￿* sessions and fwlth vftllbery inib"ative$ Introduce Ca￿rIoU￿eys and leamiTha pathways for managw5 and staff so that irnlividuals can thiive within Ihe organisalion. Contty)ue wilh o¥Ji slaff surveys so that evwyt#>ty has the q)wrtimty to contritxrte to Ihe d velopment of the organisalion. Marketing and fundraising We want to grow the number of Reading residents wtho are aware of Launthpaj to encourage theffl to share. supwt. donate. volunteer and attend our events. and irK¥ease fundraising 1Th￿me in order .to support growing demand for and LaU￿pad ReathrKJ ambition to purthase rTh)re property and help more per* in Re•Jr￿. Imwovin9 donor ste•ArdslMp and retentKx) Pa3e 12 R•I.S87G14MiW￿ 11 Cd3Q24 I*￿..118$ToJTc +110 1nP 15118 M8ximi5in9 event RetLm (M Inveslment and inr IncreasiTrJ Itrmrd partylwate supwKt aThJ rnaximising CAW weserKe at 3￿ pwty events Improving ow use ot data Financial review Ineome & Expendiiure The p￿￿1paI fiuyjing souw forthe d￿Ing 2023r24 *we: Renlal incorne (comwising HowAng Benefit and tenant tharge ekn*ntl Contract inc4)me from RBC io provtrje a Supy￿ted IKYJ5ing Service and a ffoating support (preventirvj hcrfn*ness) service to Feople housed in rKJTrLaunc*pad acxxjmmodalion. Grants frcth Trusts an¢J Statut￿ bodies that fund the &ldilionat serlices aTha xli¥itEs th81 help our dient5 to r￿bUIld Iheir live5. The ets)nomic t*ollenges aryoss the econorny 11w1K￿rt %)Z3124 have imp•*l cffl Laun(*wd in a numbw of ways: significant inuease in ts wmber of reoFle tiwnirwJ to for - many ffirthjing themsefves vulnerable lo Ihe risk ot homeleSsr￿S for Ihe ffi￿t time: i￿easIng costs. partiuAarfy in respect of ub"liti'e5 and interest rates: and decreasng lurKlrai5iry irujme - as many of our 9Jppylers hwe had their (Mn cost of Iv4iThJ str￿leS. We were grateful lor the LxntinuiNJ su&¥M)rt from Inists fwxlatKW)s- the grants from vthich make a ffijndamental difference lo Ihe ad¢ffilional seTrices Ihat we a￿ able to Fwovide. Recognising Ihe impact thal rising 0)5ts are having on tharib'es, The National LOW warded an uplrf¢ in fvnding of £43k to cover the three Yea￿ 2022.2024, au of whith has beeft ￿nised & inccrfye in these accATrunts in Ihe year in it was receivejj. Whitst carefulty bdanc4r¥J w fmarKts. it has been inyww io continue investment in areas wch a5 staff weffare. trainwvJ. aThJ deVelo￿￿nt- ts ensure that wr slaff are SUpp(X￿ to best Serve our client's need5. Investrnent has also 0)ntin￿3 in ff, duryw the yeor we our implementation of an HR & payroll system and at the end of yw dient supp)rt solkn. t*thi¢* will wnprove efficiencies acfoss the organisalion. ExpenthbJre has incrEased, but not to exterrt we inibaDy anli(4)ated. Several smaller projects and a¢￿￿tieS have been leM￿rarilY to rethrecl resources towards Ihe a¢quisilion of Iwo new Tesidential propertie& The other wimary driver of the expernjilure grthvth is to slaff rA)sts, whith In the main has risen C￿e to ts annual pay re¥itr* and reuuthrt c*)sts for specialist roles. In July 2023 and Oct0t￿ 2023. we invested in freews regdentsal prrfjwlies. Ihese proFerties have added a further eleven hJng4ern affordatde bedsparx. to g￿Tal need's accommrjlalion. T￿ pwthase was made by usKwJ ttie fuNI allocated for fUl￿e investments and the hist￿ical reseryes. Environrnenlal conshknatThs are Lyff￿￿1ered in all of our owations, pwIl￿ladY in respwx ofwJ*s in t)ur prot*rties, whith are also completed to t￿1 pra￿1￿ ￿ tenns (rf caJmpliarTh. We have continued with the nèw 'green' eneTW f))ntracts and during the year initia￿1 the in5tallabon of PIR sensor Ighting. in assets and offices. Athlilionally. we￿e ethance(l lhe efficiency by ￿Sta11￿9 insulatirffi al the main heatiThJ system to further red(￿ Our environmentsl We are still seeing the effeds of the onwing o)sl of Ir¥ing c¥isis and n)fiaticmary wice rises. we ￿ntin to se8 ever-increasing numbers of people seeking help at our weeW thopin ses>on$. Our serv￿9 have never tjeen m¢xe needed. Carefrl fina￿tal man￿t *ill aim to en￿re that we c￿ntifiUe to generate operats'onal Sur￿ io ensure thatwe we able lo COntir￿ investrnent in capttal assets such a5 our hOuSK￿ stTh*, office syeriws arKI IT. P•Je 13 w. se7&p•4zFth 11 Od >)24 1*tr1'1083TiUTC+1)011BP I The Board of Trustees has eXa￿ned LaurKlyrfs wuireffmts for reserves in light of the rnain risks to the Charity. The Tnjstees have set a reserves rx)licy requires that Launchparfs reserves are maintained at a level which ensures that core acti¥ty could c4)ntinue dwing a period of unforeseen difficulty, and a prWtic￿ of ttThe reserves is held in a reathty reabANe fornL The tntslees also dewgnate unreslricled funts frjr or exFeded commitments such as those relatrn9 to propety or prosect developmenL The TnLStees monitor the level of reserves as pwt of rnan8gement a¢￿Unts wtirwJ arKI ￿vIeW the feserves [￿cY and reser￿ requirenwts al least annually. Total funds at 31 Marc* 2024 less: Resirithed fvnts less: Designated fiJrKIs £6.951,297 (£ 73.9891 £6 316 565 However. at 31 March 2024, the value offunctronal r￿ed assets (wimarity propety used forcore service prcwisonl was £7.845.4% whtch rMars that Laun(thpad has Th) Tree reserves.. Htyvever, rf both funclional assets and loro.term ￿ThIng (of £1.824279) ¥rt¥cti is relaled to woperty purdwse WKI develLwff*nt are exduded: Ihe pi(Iwe is as Net current asset5 at 31 March 2Q24 less.. Reslricted lurhds less: Designated funds £ 930.080 {£ 73.989) Inctuded Will￿rt the designated lurttts is £300.000 in respect of capital exPen￿llUTe I0￿4rd$ the refu￿1$t￿M￿l of our office eNronment. The rernafftder of the designated funds are primarily for proMsion of alditional wwces to our dients S￿*) as the invaluable work o)nducted at our work & life- skills c￿, L8unchpad 135. as*tU as fundiry access to a specialist solicitor to help dients with cxjmplex I￿uSir#j issues. FU￿lS have also been desi￿ated for further ￿ development induding the ccrv and website. In February 2024, L•Jnthpad seojred 8 £500.LhX) loan wilh a 1&year lo enhance ils cash flow light of up￿M￿g captsl eXP•th￿ reeds. This fin￿￿ng inteThJed to supwrt various projects related to Infrastr￿tufe. equIpn￿L armj w)lenlial expansion initiatives. The loan will assist Launchp•J manage operal*JMI expenses wt¥le also alkM'Tr3 fw plènr*d investrnents Will￿ straining immediate financial resource Operational surpktses generate the knls needed kn eii>Jre suffiixenl and continued investment in capitsl assets suth as residential pro￿be5 and office prernises as well as necessary inveslment in other capital items suth a5 IT infrastnKtse. bvhere possi￿e. Lawthpad vlill prO[￿Y rather than leasirtsj as this wovides secuiity a￿1 inwro¥ed &75h fflow in the frJture. The Trustees we conftht'that the level offree reser4es *ill vvease rjurry the coming year5 due to a reduclion in loan financ4Nd 8ThJ related rePayw￿. Investments Aside from relaining a pn*knlarrKyJnl in reserwes eath ￿￿)stotthe chaI￿sfUr￿IS ￿e to be spent in Ihe short or ffedium lem so ttwe ¥e no fuThJs for investrnents. P&ie 14 11g1.$8TGF•IZW 111>12ro4 19rn:108gToJfc +1)0 WP 17116 structure, govemance and management L•yl StrUCtur• L8unchpad Rearfing is a Tegister&J and 15 a u)rrpary limited by guarantee irwrporated on 5 November 1979. The Ch•ity's wveming instrument is its Memorandum and Artides of A$s￿lation. Merntse￿ have guwanleed a c(¥￿ibullrm of£10 exh in Ihe event of the dIss•￿￿10n of the tharity. Organi￿lOnal sIn￿ Launclyad Reading has a Board of T￿￿e5 vlilh between •ght twelve ffembefs meet quarterfy and are ￿¥￿tsible for the stralegicdirecti.on and ofthe chafsty. A scheme ofdelegation is in pla(* and day-t(Hlay responsibility for Ihe provi5KJll of the Servi￿ rests ￿ry1h the Chief EXe￿Il¥e Offiw with the Senkir Management Team. Public 8•n•fft The Trustees confirm I￿lt Ihey haNt rThnpl￿d *ith the Charilies Acl 201110 have regard to the Charity Commis%on's general g1*da￿e on publK benefft. There we dear iden1rfWb￿ benefits to the community from LaurK*pad ReadirKJ's ¢haritsble acti￿￿e$. Launthpad Reading offersfree advice ald supp)rt to anyone in Greater Readin9 d¢*sn't have a stable pla￿l011¥e ￿ is atriskdlosirwj tsirhcfflx. and needs housing 0rhomelessr￿$- related informthn and ￿ppOrt. The Floating SupFQrt se￿￿ offers to sustsin te￿ncle$ aThJ prevent homelessness to those in rned auoss ReadiTrJ. We K*ovhde good quality. WPF*Nted a￿on￿r￿a1￿M lo IhoseMt*o are vulnerable and homeless in our society. and wease Ihe Op￿rI￿nItIeS rmjr Servi￿ Use￿ to be re-integrated back into the communty. Launchpad Reading is of ils re¥onsibility to act as a neighb￿r and takes a pn)active role in rnanaging it5 I￿an1$ and properties for the good ofthe community. Recruitment and Appointrnent of Launehpad Tnmtees The directcffs of Ihe ujmpany are also d￿rity trustees for the purposes of charity lart and under Ihe CAimpany's ￿bdeS are known as memters of the 8oard of Trustee5. UrKler the requiremenls of tt Memorarthm and Arwes of ASso)atk￿ the members of8oard of T￿￿teeS have to be elected by Iwo Ihirds of the eo*d of Tnstees. lkn Ihrd d members ol the Board of Twslee5 are up for ￿￿lection each year. Launchpad ReadirKJ fotsjses wi the needs of Ihjse per4Ae who are homeless or at risk of homelessness in Read¥w. afvj thelr needs for supixNt aThJ aCcA￿nmc#JatIOti. The Boa￿ of Trustees seeks tt) ensure that the needs of this group are appropriatety refiected Ihrough the diver5ty of the trustee tmxly. Trustee 5kJ"I1s authts tr￿P to In1￿ future recnlltft￿nt to Ihe Board to ￿sUre a¢￿$9 to a brc*ad range of relevant th"Ils and expef*ft￿ with to gutde chwity. The charity seek5 twstees retKesent LM)th the kKal rxrnunity. have a housing t￿grOUnd andlor Ihe traditional skills needed for nming a small busirw. Best Pr￿¢[ce requires us to report that .trustees have servejj on the Board fcr 10 y&grs. tA)th of Ihese trustees c￿ntinue to provide valuable o)nlributions to Ihe wnnirwJ ol the i*arity. SuC£es9￿ ￿nn1Thj and diversity {in all its fomis) are vrtal lo tt* 10Tr3.tenn su(£ess of the Board and so awAicants ￿ trusteeship a￿ welcomed. with further work on active remiitftpnt (rf new Iwstee5. Wrthin the year. Iwo tW5tee5 Stepped up into Ihé vice Chair￿lS0n roles to wpptyt vAth sU￿Ssion plannir¥J. Trustse Indu¢ti¢)n and Trnlning New trustees are inrfialty by existrKJ t*Jord ffle￿￿, then inmled arKI enrA)ura9ed to attend a series ol short meets.ngs to farn￿.1￿5e lhernsel¥￿ the arKI the conlexl within vthich it operales. These are led by Chair. Chief Exe￿tiVe OlficeraThJ Ihe senxy management team ol the tharity, and cover: P*Je 15 TMr•*p•t 11 CwJJ124 19tt1e&sYoFrc•l>O WP I•MO The obligatits)s of Trustees The main do(unents. vknith sel c¥Jt Il* Operati(￿￿ for Ihe inclthdin9 the Memorandum and Artides of Assopalion Resourong and the ￿Thent kwiion Fulure ￿anS arKI obiectves A trustee h•¥jb￿k provides dear gum1a￿ new truslees. AJI tJustees ¥e re9￿artY fftviled to relevant training and ￿￿ed ￿th wlates to er6ure that we ejear on their roles and reSp)n$￿illI•e$. Safegwrfing We tske the safyarding ofour dients. ¥(4unte￿5 and staff very Seri￿￿ly. All staff and volunteers go through a robust f￿rUItment w0￿S5. whK* in(*wJes ful referencws. DBS c**(*s rf IW are required for the rcAe. Safeguarding 15 part of (xji mandatory ind￿li0n and training programmes for dien14K￿g staff and volunteeTr. We also have a wkle we of safeguardK¥J polioes and w￿l￿eS. Where safeg￿r{lIng concerns wise. ￿ fully investyate a￿1 make reports to safeguwthng learns in ietevant organisations. We have pr(￿eS in pla￿ to ensure we conb'nuaNy learn and improve our practice in ￿*In lo safeguari*ry. LauW th has a wthisllebkvhryng polw, and anli-bully4)g and harassment poliaes. Risk & Intemal Control The Board of Tnjstees oversee a re%fjew d Ihe risks to the thtirity ts exFwd, and these are rewrded in a iisk register. We have an eslablish&J risk assessment and evaluation W0￿S5 which is Lpdate(i as requtred and reviewed at least annualty. V#There apprwiate. systems and prcrtedures have been estsblished to mitigate Ihe risks the clkwity faces. In conjunclion with this. Launchpad slaff, management and trustees ath)pt a dYnaTh￿ resFon5e to risk management and regularfy feview and Launchpad mitigates risk by takir@ a iig¥)rous aPFwoach to Fyth'cy developmen( implemenlatKJn and enforcEment in areas in¢hJding safeguarding, vulnerable adulls. data secJJrity. heallh and safety. employrnl. financial management and ¢onlrrA, fvndraisir¥J. Internal control ¥isks are minimised by the Im￿Mental￿)n of pr(K*dures for aulhoristhn of all tranSa￿"onS aTrJ projects and erwring P￿￿dural 0)m￿lanCe with any current legislative requirements or test wac*ce. PrC￿edureS are in Pl￿ to ertsU￿ CtsryIian￿ wilh I￿allh aThJ safety of staff. vOl￿teerS. c*ents arKI visitors to aceommodation and office envinnments. These w(￿UTeS are revie•Rd regularfy to ensure that they cthp•f. S87Gl4MZ￿M 11 OE12tA4 1lfji.118gTWC+1)01￿ PIW6 Id•ntified Risk Factor Risk Control Monitoring Bowd ofTwslees Senior Management team Govemance and management Loss of expertenced trustees Quartety meeliThJs Shadtr•Mg n)les Awareness of all TnAee iecnlllmwt S￿CeSS￿ planning Flnanclal and Operatlonal risks Monrtoring of Monthty Managemert Ac£ounts & Wt speThJs F￿e[￿s￿.ng aTrJ c4shff(MT analysis Management of grants or (mtracls Regular SMT meetirys Slaff ￿tent￿￿ and recruitment Operations cxjmmittee meetings Monthly FR Inclxne UKMJale Fundrnisrng strategy revw$ aximisalion of Gift E￿nts- ROI review5. Mat*eting-target Wenlial n suppx¥tas Strff training, policies & pr￿ethre$ in place Relevant firewalls. mum￿18¢t￿r authenttcation. email ftsirYJ & encryption in place Security monitoring & syslthys upjates are completed promNty. Management arKJ monitoring of pthnlial issues-joint restM)nse Board of TnJs¢ees Senior Management Lothil authority contract renewal Loss of fundraising & grant inco Failure in deliveryof services Emiironment and external fartors Board of Trustee5 Senior Management leam Challengine econ¢mic environrnent Cyber Security e. . ransomware attack teams when r￿ceSSary. Regular communtcation I￿1h SUPF(Y¢ws and b8nefKiaries Strong relatiOns￿S wilti P4P & neighbows in p￿ce to limit ad ryct- shwl int81 arml reaction to lainls Incident procedure & Death olcltent Adverse PR Compliance rtsk (law and regulation) Health & Safety- Cxitical Incident Senior Management Heallh & Safdy Polry arml Procejjure B￿nesS ConliNity Plan Staff tr￿"nI Rol￿•d Parties & Connected Organisations At every rneetw￿. Trustees are asked to dedare any conlki cl interesL Matt Ar¥Jrew$ and Bill lknntague. served as Irustees during the year. a￿ linked with the provision of serwces to Launchpad. as Injstees of Reading Rotary Commvnty Propcts. a landk)rd of Launchpad Readir¥J. TNstee5 are not tnvolved in dtscuss*)ns or decision5 ￿ whith have a (￿nfi1¢t of interests. Pay and rom￿*￿tIOn of k•y m•agernent slaff The remuneration of the CEO is agreed by the Board of Trustees Ihis 15 berKhmarked against similari)rg8nisations. The remLff￿a1Ion ofsenity management is selbythe CEO. This ber￿hrnarked against similar.sized priva*. put* aTrJ c*wity se(kn orwMsalMYts. AU stsff are entitFed lo the same employrnent benefits. P•Je 17 Ref. s87GNm￿He 11 Od2Q24 19tt168STiufc+1)DWPXWS Trustees, responsibilities statement The Tntstees (¥tho are also direc￿5 of LawKhpad Reading for Ihe pury)oses of company lawl are responsible for weparing the Trustees, report arKI the ffinarKial sL*ments in accordance with applicable and United King(k)m Ac￿nI￿￿ Slandards (United KI￿Orn Generally Accepted Conwany law requtres Ihe Tn￿1￿$ lo prepare fulan￿71 statements for eath financial year. Under )mpany law the rwst i￿t approve Ihe finwclal statements unless they are satisfied thal they give a true an(1 fair view of the slate of affairs of the chanlable company and of the inrx)ming reSoUr￿S and application of resources, includiry the irts￿rre e¥pendiiure. of Ihe charilable cThryany for thal period. In preparing these financial Staten￿ts, the Trnstees are required to: ObSe￿e the melhods and principles in the Ch¥￿eS SORP.. make juthjments aTrJ accounting estimates Ihat are reasonab￿ and prudent: stsle whether applicable UK Amnting Stsndards have been folk)wed, SLtbjecl to any material departu￿ disthsed and ex￿Ined Én the finant?al ststements., prepare Ihe fina￿lat statements cfft the going concern basis unless il 15 iroppwiate to presume that the charitsbEe company will (￿￿nue ￿ operation. The Tntstees are re¥*)nsble for keerMrKJ ad￿u* records that are sufficient to show and explain the charitable &)mpanls transaclk)ns and tfisclose *Ailh ￿asonable al any time Ihe finanaal rx*&ti¢M of the ch*itab* &)mpany and enatrfe them to enswe Ihat the financial statements ¢OTnply with the Companies Act 2006. They arp also re¥￿nsible for safeguardin9 the assets of the charitsble 0)mp￿Y aThJ lor reascwble steps for Ihe P￿¥ent￿￿ arnl detecbon of fraud and olher iryegularii*s. OISCLOSURE OF INFORMATION TO AUDtroR Eath ofthe pers(Yts who we T￿￿ at the tirfe IIMS Tnjstees. rewt is apwovedhas confirmed so far as that Tntstee is awwe. tr￿￿ is rn) rele¥ant 8￿j1¢ infNmalk)n ol t*hith Ihe tharrtable compatys wdiloris urtaware. that Trustee has tsken all the steps thatoughtto have been taken as a Trustee in order to be aware of any relevant audit infomiation and to eSt*￿"sh tr￿1 the chantable a)mpan￿S auditor is aware of that infomialion. This rewt was approved by tre Try￿ee$ C￿ 8 Odober 2024 and sur*d cffl Ihew behalf by: SutcliHe. Chair 11 October 2024 P*18 $87GMhlZB4W 11 l*trtIO88rorre •110 1AIP?V46 LAUNCHPAD RE￿ING (A conV￿Y linwl•d by guarants•) INDEPENOEpif AUtXTOR$' REPORT TO THÉ MEMBERS OF LAUNCHPAD READING Opinion We have audited the fir￿￿al Statern￿ of L￿ ReaJiThJ Ilhe 'parent ¢hari* Convan￿} and its subsidiarie5 {the 'grcup') for the ￿ar eTrJed 31 Marth 2024 vA)ieh crjmprise Consolidated Statement of Financial Ath"vths. the Cor*did*ed Balance Shee( the Ch¥ity BalarKe the Consolidaled Ststemenl of Cash Flows and the related notes. includiThJ a Summary of significant accounling policies. The financial reporting framework that h.as been applied in preparab(fft is applicab￿ Unfted Kingdom Aewunting Sta)dards. inclu¢fin9 FinarKial Rewb"fWJ Starthrd 102 Tr FThn&al ReFWtw& Stsndard applicable ITr the UK and Republic ol Irelanrf (United GeMrallyAc*xOed Acco￿tir￿j Pradi¢e>. In our cf4r4on the ffwic*al stakn￿￿: g¥e a true and far view ofthe state c4 the lkni's a)d ofthe prnt th*it*e (*ArpanYs affairs as at 31 March 2024 and ot the Group's ￿K￿lIng res(￿rceS and applie*irm o! res￿r￿s. inchJdiTrJ its inrpjme and expendilure fortt* year then ended.. have been properly prepared in arAxdance ￿lIh United Generalty A￿pted knunting Practice: and 8asls for oplnlon We conducted our ￿ in accor￿ wilh International SLindards on (UK) IISAS {UK}l applieable law. Ow resp(msibilibes under those standards are further desul￿ in the Audiiors, reSponS￿lI111eS for the autht of the finanaal statements sectwjn ol reiy)IL We are irxlependent of the Group in accordance with the elhical requirements that are relevant to aL#Jié of statements in the United lQngthJm. indudir*J the Financial Rewrting Council's Ethica Standard. aThJ * ha¥e fijlfilbed (￿r other ethi¢al responsibiliknes in accordance ￿1h these reqU1￿MentS. We t)elieNE that the aLKlil e￿den￿ we have £*)tained is sufficient and C¢n¢lu5ions r•lating to going con¢•m In a￿abIlI¥J the fina￿￿al Stat￿ ￿ have (￿xIuded that the Tnth. use of thp going cfjncem basi5 of conditions that. 1ndl￿dUalY or ￿lleCtr¥e￿. may ¢ast sgntheant O)ubt cffi the Group's or the parent thantable companrfs abilty to ¢￿tr￿e as a ¢on¢em for a yb3d of at least months from when the financial statements are authorised for w. Our tespms1bil￿e9 and the reskK>nsiNities of the Tll￿ wlh respe(* to c•ncem are desuknd in the relevant seL*p)ns of tiws reix Pagp 19 P41.$87GNkliW 11 od 2Q24 I￿.*085T1￿¥TC*1>Dth%P2 LAUNCHPAD READING (A company limited by guaranwoj INDEPENOEKf AUDrroRS' REPORT TO THE MEM8ERS OF LAUNCHPAD READING (CONTINUED) statements and wr Audilors. Reptyt trweon. The T￿￿teeS are re¥￿nsible far the other irfftxmation ct)ntained within the AnnLtal ReF￿￿. Our (piiion on Ihe ffftartial statemerts does ￿ver the other infomiation and. except to the extent cther4fftse expkni>tty ststed in rewt. V*t do not express any fonn ofassurance ￿ndUs1On Ihereon. Our responsibilty is to read the other infLYmation and. in thirg 91, consityJ if. in our opinKv¥: statements.. or Ihe parent ¢haritatle ¢txry)any has not kept SUIT￿lent ac£ounling rec￿ds.. cf the parent ch*ilable cuyny finan&a slatements are nrt in awmnt tr* ac¢ounbng re¢¢*ds and returns., or we have not recerled all the InfOrn￿ and ex￿a￿all0￿ Tequire for our a￿J11. Responsibilities of truste As explained fulty in Ihe Trustees. Resp(mibifrties Slatemen( the Tntstees are also the d￿ethr$ of Ihe charrtable ¢ompany for the wrwses of c4Jmpany lawl are resP￿s￿le for the preparalicffi of the financial 5Litement5 and being satIsf￿d that Ilw give a twe aTKI fair view. arml for such intema"I c4introl as the Trustees determine is ne¢esw k) enaile Ihe of finanual SLite￿ that are free from material misststement. vhthr due to fraud or wror. In preparin9 the finan(aal statements, tr* Tru*ees ￿ fesF￿b1e k*r assessing the Group's and the parent charitable companvs ab4ty to CAintiNe as a png eorKem. ¢*'sc4osir#J, as aP￿lea￿e. mattèrs related to going conc£m and U￿n9 the gaing COn￿n basis of aecgyJnlirwJ unless the Trustees either intend to liquidate the Group or Ihe parent charitable cc•npany or to owatsTh. or have no reaksts *mative to do so. P•Je 20 LAUNCHPAD REJDING (A conyany limitsd by guarnnty•) 14DEPENDENT AUDITORS. REPORT TO THE MEMBERS OF LAUNCHPAD READING (CONTINUED) Audltors. rosponsibiliti•s fov th• audit of the statemonts We have been appointed as wKler Sec1￿ 1S1 d the Charit*s Act 2011 aTrJ in a¢c¢rdance with the Act and relevant regulaticffis made or Iwirvj effec* thereunthr. from materbal M55statem￿. whelhw due lo fra￿1 or error. aThJ lo issue w Auditors. Repcrfl that indudes our opinion. Reasonable assurance 15 a high level of a$5uraDre. iKrt ts not a guarantee that an audit conducted in accordance wth ISAS {UKI will aNvays detect a matwÈal misstatement when it exists. Misstatements can ayige from fraud or etTor ￿ are conshyered Mat￿la1 rf, inrfmdualty CY in the aggregate, could reasonably be expected to influence the e¢￿￿>MIC decisions of users tsken on the basis of these finanual statements. lThegularities, induding fraud. we instances rf norp¢cThplI￿ wrth laws and regula1ions. We design pmcedure5 in line th OUT respO￿lbIl￿$. cArtlined above. to detect matena misstatements in respect of irregularilie5. including fraud. The specific wocedures for ttM"s engagement thai (knNned and performed to deted materbal misstatements in respect of irre9￿alItIe5. induthrvJ fraud. as folow5: daims: eomplian¢e with law5 rewtatitirts; ith appli¢able kw5 and regulati￿$. Perfomiing aLMlit work lo address the I￿k of ryulaFilres due to rnan￿ement OVWTide rrf controls. in¢kKling testing of ioumal entries and other adjustments kn appropriateness. evaluatirvj Ihe busines5 estimates for ewdence of trfas. Because of the inherent limitations ol trwe is a risk Ihat V+* will not dete them in an Auditors. Repxt and for no other purpose. To the fullest extent pernrlied by law. do not accept or assume responsibility to anyone other than the c*aritabk ccrfnpany its merths. as a ￿..for audii y￿rk, for this feFort, or for the ownions have fcrn)ed. Pale 21 LAUNCHPAD READING ,'{A cornpany limi!¢d by guarantso) 14DEPENDENT AUDITORS. REPORT TO THE MEMBERS OF LAUNCHPAD READING'(CONTINUED) James Cowper Kreston Audit Reading ￿ge House George Street Reading Be￿5h1 RG18LS Date: 08 October 2024 James Cowper Kreth Athjrt ¥e e19b￿ t¢ a¢t as •jdit￿S in tern￿ of sedion 121.2 ofthe Companies Ad 2006. Page 22 LAUNCNPAD READING (A eonyny limiknl by guarant••) CONSOUDATED STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDMJRE ACCOUNn FOR ThE YEAR ENDED 31 MARCH 2024 Total funds 2024 Total funds 2023 fvnds 2024 2024 Income frc•m: Donation5 and legaaes Charitable a¢livities Other tr￿l￿g activitses Investments 458.066 1749.083 140.120 9.724 274,553 11.770 732.619 IT60.853 140.120 9.724 857.404 2,657,172 153.687 3,375 Total incom• 3.356.993 286.323 3.643.316 3,671,638 Expenditure on: Raising furwJ$ Charitable activilies 93J66 1421.334 118.129 3.049.LM)6 3.171.306 250.028 Total eXpendi￿r• 3264.6n 250,028 1514.700 3.167,135 Net income 128.616 504,503 Trnnslers befvmen lunds 18 37.446 137,446) movem¢nt in funds 129.767 12B.616 504.503 Reconciliati•)n of funds: Total fund5 brought ftywafd Net movement in frjnds 4747.541 129.767 75,140 822.6B1 128.616 6.318.178 504,503 Totsl funds carried forwa 6M7T.308 73,989 6.951297 6.822,681 Paje 23 Slty*• Tf¥nsgth R41. S87G14MZW 110#2124 1*(tr.10 B9T￿rC•1)o VOP2 LAUNCHPAD RUDING {A ￿mpanY limited by guarantso) REGISTEREO NUM8ER". 1459149 CONSOLIDATED BALANCE SHEET AS AT 31 MARCH 2024 2024 2023 Fixed assets Tangible assets Cutr•nt •s$•ts 12 7.845,496 8,858.047 Debtors 14 281.308 351,387 1.000.000 395.426 Investments Cash al bank ar￿ in hand 15 1.120.789 1.402.097 1.746.813 Creditors.. arnounts failing due wilhin oi year 16 1472,017) (391.779) Net current assets 930,080 1,355,034 Total assets les$ current liabiliiies 8,775,5T6 8.213.081 Creditors.. amounts f￿11rVJ due after than one year 17 {1.824279} 11,390,400) Total n•t as￿$ 6.951.297 6,822,681 Charity lunds Restricted fvnds Unreslricled funds 18 18 73.989 6,877,308 75,140 6,747.541 Total fund5 6.951297 6.822,681 The charity was entsyed to exempts'￿ from audrt under se<*ion 477 of the Companies Act 2006. The members have not requi￿ the entity to obtsin an audft for the ￿ar in question in aC￿rdanCe with section 476 of the Companies A¢t 2LK16. H¢)wevtr. an audil is Tequired in aceordance sectk)n 152 of the Charities A¢1 2011. The Trustees aCkn￿Aedge tr￿T fesptythlibes for C))mpl￿ng *ilh the requirements of the A¢t with respect to a¢c¢unting records and preparalion of ffinanual slatemerts. The finanaa statements have been Prepared in acc¢xdance with the provistons applicable to entities subject lo the small companies regime. The financial statements were approved and autIm￿ for issue ty the Tntstees and swJned on their behalf by: Sean Sutcliffe (Chair) Oate". 8 October 2024 vi￿91$￿*￿ TfflnBthR41. Od>)24 IW..1OWVJTC+i)0 1hP27M LAUNCHPX+ READING IA conyany limii•d by guaran1￿) GISTERÉD NUMBER: 14S9149 CHARiff BALANCE SHEEr AT 31 MARCH 2024 2024 2023 Note Fixed asseis Tangible assets Investments 12 13 7.84&496 l.(K)O 6.858.047 7,8K496 6.859.047 cu￿•Tht ass•ts Dèbtors 14 355.142 1.000.CrtXI 390.671 Investments Cash al bank and in hand 15 758.611 1.401.097 1.745.813 Cre(*'lor5.' amounts falling due ¥￿thIn one 16 14n.017) (391.779) Nel current ass¢ts 929.080 1,354.034 Total assets less current li•biliti¢s 8.77&576 8,213,081 Creditors.. amounts falknng due after m(we than one year 17 11.824279) 11,390,400) Total net assois 6,951.297 6.822.681 Charity funds Restricted funds Unre51ricted funds 18 73.9B9 6,877,308 75,140 6,747.541 18 Total funds 6.951.297 6,822.681 The charity Was ertlilled to exempti￿ from audit under section 477 of the CThnies Act 2￿. The members have not required the enlity lo obtain an audit for the ￿ar in question in ac￿rdanCe section 476 of the Companies Act 2006. However. an audit is requred in accordm sec1m￿ 152 of the ct￿ille5 Act 2011. The Trustees ad[nrn￿edge thelr responsbiltrties for cwnplsv¥J wrlh the requrements of the Ad with respect to a¢coLtnting records and preparation Off￿anUal slatements. The financial ststements have been prepared in act￿d￿ T•ith the rnwsK)ns applicable lo enlilies subject to the small companies regime. The finan(ial statements were approN*d and auth￿l$ed issue bythe Tn￿lee5 and SIgr￿ on their behalf ty. Soan Sutcliffe (Chair) Date.. 8 O¢Xobei 2024 The rK>tes on pages 27 to 44 lonn part of tr￿Se financial statern￿. Page 25 T￿l•l￿¥tR￿.S￿1G•ll￿fv￿￿ 11 CKI ¥)24 1Wl08sroiFc +1)OW P2t46 LAuNcHp￿ RE￿G {A conyny limited by guaranleo) CONSOUDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENtIED 31 IAARCH 2024 2024 2023 Cash flow5 Iro'in oporating activities Net cash used in I)p￿irl￿ adiwti.es 21 $25.391 567.961 Cash flows froin invosting aclivili Owidends. interests and rents Imm investr Purchase of tangible fixed assets 9.724 11245.791) 3.375 174.375) N•t cash used in investing acliviti•s (1236,067> 171,000) New LKrfrowing RepayTnents of buTv*ing $05.750 169.711> (263.168) Net Cash provided byqused in> fin•n¢ing acri¥iD 436.039 (263,168) Chang• In cash and equIval￿ts In thfr year Cash and cash equivalents at the bryb"nrllng oftr* (274.637) 1.395.426 233.793 1,161,633 Cash and cash equivalents at the •nd of the year 1.120.789 1,395,426 The rw)te5 on page5 27 to 44 form part ofthese financial statem P•Je 26 11 e** 2024 1&PtW8W{Lft¢+1>DIIIP2W16 LAUNCHPAD READING IAuKnpany limited by guaranto0) NOTES TO THE FINANCIAL STATEMENTS F¢X ThE YEAR ENDED 31 IfiARCH 2024 .1.1 Basis of prnparthion of financial statemonts The firtarKial statern￿ ha4* been wepwed T￿ti Ihe Charities SORP (FRS 1021 . Ac¢wnting arKI Rewb"rwJ by Charities.. statem￿ cl Recommended Practice applicabbe lo d￿ritieS preparing their accounts in ac¢ordanee with the FnarKi* RewtirKJ Standard applicable in the UK d Republtc of Ireland (FRS 1021 (effectbve 1 January 2019}. the Financial Reporting Standard icable in UK Rewc of Irdand (FRS 102) and Ihe Comp￿185 Acl 2006. Launthpad Rea￿ll￿ meels the deffinition of a benefft entity FRS 102. Assets and abilrties are irwtialty recogrlsed at hi5ttyi¢al ¢osl or transathn value unless olherwise slated in the Congsidated Slatemwrt of FinarKial (SOFA) C￿$￿Idated Balan￿ St*et n501￿ale Ihe finar￿la1 statements ¢f the chaiity aThY ts sut6kliary ￿￿ell&*Ing. The results of the subsidiary ae ccffjsdidaled on a line by lir* basis. The ehartty has taken athartage ol the exernpim alknved under se¢tw 408 of Ihe Companies Act 2(Th and has not presented its S¢alement of Finanual Activits"es in these ￿Tran￿al statements. 1.2 Compw siatus The ¢hanty is a o)mpany l*nited by warartee. The membws of Ihe ￿mpaTry are the Trustees named on p•Je 1. In the everrt of the c*arity wound up. the liabilty in respect of the guarnnlee limited to £10 pw member of the dwity. 1.3 Fund accounti Genwal furwts *e ￿leS1￿￿d fwK15 are av•lable for use at th? Of the Tn￿lee5 in furtherance of the ger*rnl ¢JbiwAi¥es ol the GroLV aTrJ vttmch have not been designated fDr other Desvjnated funds coTrpri5e unrestr1d￿ fijnds that have been set aside by the Trustees for parti¢ular purposes. The a*n ar#J use of eath destgnated is sel 1.8 Investmwts Inveslmerts in subspSarns a￿ valwd at ¢osl less prany lirnitsd by guaranteo) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENOED 31 MARCH 2024 Judgements in app.tyiTrJ ac¢ounkng policios and key s(wrces of estimation th* affeet Ihe anioifftts reputed thy assets liakn"lbt￿ as at the balance sheet" date and.the amounts reported for revenues and e.xpenses during the y. Hth¥ever. the nature of estimation means that actual outcomes could differ from'those estimates. The frIIMvJ have Iwj the most sgnificant effect on Tangible r￿ed ass•ts Inote 121 Tangl￿e fixed assets a￿ depreci￿ over Iheir usefijl INes takw& irrto xe0￿t residual va￿￿S, where appropriate. The actual hve5 01 the asset aThJ resylual valuès are assessed annualty and may vary depen4ing on a r￿ber ￿ facto￿ Resthol Val￿ assessments ccmsideT issues suth as the remaining Ife ¢f the assel and projecaed di¥¢sal values. Bad d•bts Inot0 141 A provision is made agairtst speufic debtors based on the •Je of Ihe arwj an assessment of recoverability. $87C,IIM2BJ6AI 11 1lQl.IOWIUfC•llO W•PJ*IiI LAUNCHPAD READING (A ￿n￿nY limi¢•d by guarantsO} NOTES TO THE FIIIANCIAL STATEMEiirs FOR ThE YEAR ENDED 31 IJIARCH 2024 In￿me from donaiions and l•gaci•s Unrestrictod Restricled funds fund$ 2024 2024 Total funds 2024 Total funds 2023 235.3￿> 83.0 139.716 235.350 357,553 139.716 454.387 263.944 139,073 Gtants FUrKIrai￿rOj general 274.$53 458.066 274.SS3 732.619 857.404 Tts￿ 2023 595.960 261.444 857,4D4 InC(K￿ froffl charil•bl• athiti•s Unr•siri¢tsd R¢stricted funds funds 2024 2024 Tolal funds 2024 Totsl funds 2023 Hou￿ng & support 2.749.083 2.749.083 11.770 2,655.842 11.770 2.749.083 11.rnl 2.160￿53 2,657.172 Totsl 2023 2.855.842 1,3 1657.172 P¥31 r4t. SOfC44l4Z￿jW 11 oAX24 1W.1¢ BSTIUFC +1)D1AP341 LAUNCHPAD READING IA company lifflit￿ by guarant￿) MOTES TO THE HNAMCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Other trading activities Unrestricled funds 2024 T￿al funds 2024 Tolal funds 2023 Commercial rents 138.073 2.047 138.073 2.047 153.273 414 Olher inc*)me 140.120 140,120 153,687 Total 2(123 153,687 153.687 Unr•strict•d fund5 2024 Total funds 2024 Total funds 2023 Events and xtwiies Slaff c05ts 18.572 58.882 15.912 18.sn 58.882 15.912 28.254 76.897 14,978 93.366 93.366 118.129 Total 2023 118.129 118.129 P•Je 32 vIWSWgtL¥pTwv*￿P41. SB7CMkIJ￿W 11 OL*2024 1*0118 wiiifc+l)O IIB P35f•J LAUNCHPAD READIIG (A ¢onyny limit•d by guarafito0) NOTES TO THE FINANCIAL STATEMENTS FOR THE YE•M ENDED 31 AIARCH 2024 tivitios "undertaken Support dirnctly 2024 Total funds 2024 Total fvnds 2023 2024 Housing & supi Addit*?nal supwt servKes 2.681.004 259.416 439.975 40,939 3,120.979 300,355 2.739,484 309,522 2.940.420 480.914 3.421.334 3,049.006 Total 2023 2.584.361 464,645 3.049.006 Analy515 01 direct ¢oMs Additional support Total funds 2024 Total funds 2023 2024 2024 Slaff 1.477.063 127.797 980,121 81.444 14.579 146.122 54.153 1.623.185 181.950 980.1 81.469 73.695 1,403,276 162261 898,509 53,950 66.365 Dewecaation pr￿rtY costs 25 59.116 2,681.1Th 259.416 2.940.420 2.584.361 Total 2023 2,363,774 220.587 2,584,361 PaF 33 LAUNCHPAD READING (A cmwny limitod by guarantw) NOTES TO THE FWIANCIAL STATEMEKrs FOR ThE YEAR ENDED 31 IAARCH 2024 Analysis of eXpendi￿re by activit￿ (eontinu• Analysis of support Msts Additional support Htxtsing & Total funds 2024 Total 2024 2024 2023 Deprecaalion 76,3¥2 297.534 13.884 9.332 28,0 14,813 76.392 338.473 13 9.332 28.020 14.813 121.402 268.414 40.939 eank tharges & other fee5 2.875 9.884 56.874 439.975 40.939 480.914 464,645 Total 2023 37S.710 88.935 464.645 AKlitor5' r•munor*ion 2024 2023 Fees payatle to Ihe dwiitys audiknrtrx Ihe •h*t of ts c4wtys annual 10,850 10.340 Fees payable to Ihe char&Ys auditor in reS￿t cl: All n¢Traudit servtis not indudtd above 3580 3,395 P•Je 34 W¢ NP*ZB4S￿ 11 o#ayii 1￿760$T(￿l¢*liO wdp31MS LAUNCHPAD READING (A cqxwny limitsd by guar•nt••) NOTES TO THE FINANCIAL STATEMEKrs THE YE•A ENDED 31 IMRCH 2024 10. Staff costs Group 2024 Group C¢ynpany 2023 2024 Company 2023 Wages arvj salaries So￿al security costs Pensi(￿ costs 1A42.259 1.3(M).S98 1.442259 135.705 126.673 135.705 104.103 91.819 104,103 1,300,598 126.673 91,819 1.682.067 1.519.0 1.682.067 1..519.090 Group 2024 No. Group 2023 No. Chtef Executive SeNee Ddivery lor alerts Finance & AdrTNni5trati( Fundraisi 48 Group 2024 No. Gmup 2023 No. Chief Executive SeN'ce Delweryf¢r Clierts Finan¢e & Adnynistrati( FundraisiThJ 31 42 The number of ernpl0￿ emF10￿e beneffts (exduding empwf pension costs) exceeded £60,000 was: Group 2024 No. Group 2023 No. In the band £60.1X)1- £70,000 In the barKI £70.(￿l- £W,OIX) The remunwation. ar#1 ber*fits rec￿ed by kwtmarwgement pw¥onnel in'the year totalled £383.446 12023- £348.e01). P•Je 35 LAUNCHPAD AEADING IA company lifflited by guaranle•) NOTES TO THE ￿N￿4ClAL STATEMENTS FOR THE YEAR ENDED 31 IAARCH 2024 11. Trustees. r¢mun•rnlion and txp•nMs During the year. no T"rustees le(￿ed any other benefts (2023. £NILI. During the yw errfled 31 2W24. eynsey tOt￿Th) £NIL V￿re reimbursed or paid direcuy to Triistees (2023: ENILI. 12. Tangibl? fixed a55ets Group and Company proporty prop•ny vehi¢lgs •quipm8nt Total Cost or valualioii At 1 Awil 2023 Addib"ons 7.564.OZJ 1212.324 1n.208 63.573 442.835 33,467 11.924) 0247,639 1245.791 (1.924) Disposals At 31 Marth 2024 8.TT6.347 177.208 63.573 474378 9.491.506 Oepreciation At 1 hwil 2023 Charge forthe s*ar On dispxwls 815A52 196 169.656 360.101 49,135 (1.924) 1.389.592 258.342 11.924 798 At 31 Mar¢h 2024 1.012JOg 1n.208 49.181 407.312 1.646,010 Plet book value At 31 Mar¢h 2024 7.764JI38 67.lJ66 7.845.496 At 31 Marth 2023 6.748.571 7.552 19.19) 82.734 6,858.047 P*Je 36 Vrfthi4S*nE*Jh* W. 11 Od•)24 19ts*.16 OSTiufc+1)0111 P3Wi6 LAUNCHPAD AEAOING C4Mnpany limitsd by guarantM) NOTES TO THE FMNCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 13. Fix•d a$￿t inv¢sthi¢nts InvoStm•nts in subsidiary compAni6$ Ch•rity Cost or valU￿1¢n At 1 hyril 2023 1.000 At 31 Marth 2024 1.000 N•t b¢)ok valu• At 31 March 2024 1,01 At 31 Marth 2023 14. Dekno Group Company Cawny 2023 2024 2023 2024 Due wilhin on• yeai 103.619 61.382 370.197 84.696 22.678 28.471 219.297 Olher debtors PrepayTnents and atu￿d Incth 28.471 219297 202.465 202A65 281.308 351.387 642.486 355,142 15. Current asset invesim•nts Group coMp￿Y Company 2023 2024 2023 2024 Cash 1.QQ),000 Page 37 LAUNCHPAD READING {A eonwny limit•d by guarant•o) NOTES TO TrIE FINWICIAL STATEMENTS FOR THE YEAR ENDED 31 II•RCH 2024 10. Creditors: Amounts falling wfthin ono year oup 2024 Group Company Coryany 2023 2024 2023 Bank loans 91.920 193.7 62.859 14.745 108.695 89.7150 150.361 06,189 91.920 193.798 62.859 14.745 108,695 89.760 150.361 66,189 Other uedittys 79.625 79.e25 472.017 391.779 472.017 391.779 Group 2024 Group Company Company 2023 2024 2023 Defevred incorne at 1 hwil 2023 Re%)urces defefred during the ￿ar Arn¢wits released frcffi wevious wio 15,667 12.667 {15.66n 30202 15.667 (3iJ.202) 15.667 12,667 115.667) 30.202 15.667 {30.202} 12,667 15,667 12,667 15.667 17. Credit¢)rs: Amounts falling due after rnorg than om year Gr￿P Company Company 2023 2024 2023 2024 1,824279 1,390.400 1.824.279 1.390.400 38 Tor*i4f. 11 I*C*IOOSTILlfC *11)￿P4vIl LAUNCHPAD READING IAcompany limited by guaranto01 'NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 18. Slal¢ment ol funds Slatwnent of funds. ￿r￿*￿t year Balance at 31 March 2024 8alanc• at 1 Awil 2023 Tian5f• inloui Designat￿ lunds Deslgnated F￿th- al fvnds 1.305.100 158273) (686,084) 560,743 Goneral funds General Fund5- all 5.442.441 3.356,993 (3.206J99) 723.530 6,316,565 Total Urirestrieted fwttls 6.747.$41 3J56.993 (3.264.672) 37.446 6.877,308 Re$tri¢t•d funds Work and Life SkilEs Client Wellbeing Fur¥Js Volunteering ReSe￿ement & Move On. Funds Othw funds 36.008 16.741 1S8.765 1166,08n 1fj6,708) (4.621) 28,686 5,871 23.347 27.968 {6.306) (0.3061 16.085 43.752 (37,4461 7S140 286.323 1250,028) (37.446) 73,989 Total of funds 6.822.681 3N3.316 (3.$147￿) 6.951.297 Pagtr 39 LAUNCHPAD REAOING IA ¢onwny limited by guarant••) ' NOTES TO THE FWCWL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 18. Sialomont of funds (¢on¢wMwd) St•t•m•nt of funds- prior year Balano at 31 March 2023 Ttaiislers O¢signat•d funds Designated Funds. all fur 1.002.971 {31.274) 333.403 1,305,100 ¢J•neRI fund5 General F￿￿$. ai fiinds 5,273,441 3.408.864 12.9C6.461 } 1333.403) 5.442.441 Total Urir•stri¢t¢d funds 6.276.412 3.408.864 12.937.735) 6.747.541 Re*ri¢t￿ fimds Wo"rf( and Life Skills Client Wellbeing FuThJs Reseltlement & On Funds ,766 180.474 (181,232) 135.559) 16.741 112.609) 22.391 41,766 262,774 (229.4W) 75.140 Total of funds 6.318.178 3.671,638 (3.167.135) 6,822.681 P•J8 40 LAUNCHPAD READING IA ccryany limit•d by guarame•) NOTÉS TO THE FINANCIAL STATEMENTS FOR THE YEAR EIIDED 31 M*ACH 2024 19. Summary of fund5 Balanco at 31 M•r¢h 2024 Balance at 1 Transfers inlout 1J05.11)0 ($8273) 5A42.441 3J56.993 (3206J99) 75.140 286.323 (250.028) 1686.084 123.530 137.446> 560.743 6J16.565 General f¥Jnds Restricted furK15 22.681 3W3,310 (3.514,7001 951,297 Sumfflary of funds. prlor y Bal*￿ at 31 March 2023 B￿ce at T￿sIerS inlout Designated fvnds General fiJnd5 Reskncted fund5 1.[￿.971 (31274 5.273,441 3,408.864 (2,906.461 41.766 262.774 (229.4CQ} 333.403 1.305.11JO (333.403) 5.442,441 75,140 6,318,178 3.671.638 (3,167.135) 6.822.681 De￿gnated hjnds Ind￿$e £nil {2023.' £I.0￿,L￿￿¥) for propety pur¢hase and £3LKI.O¢XI12023'. £150.0001 for the development and mantenance of properbes. Olher deggnatirjns include £260.743 (2023.. £155.100} for the devdopment and delivery of Servil￿ aThl (￿￿T￿j InveStrn￿ n asset5 such as IT. for vknich no thir&paty I￿￿lTr9 is ¢urrenty secured. Restricted furKIs rtlale to tr* k)IhNiTrJ: Work and Life Skills Vatious gI￿ts to provide dewkjp.lwry aKI ethcatK>n tt> aS￿t dients in rebjmlng to WO￿ an(1 devdop lrfe thlls. S(ffie of Ihese have S￿fiC restr1d1￿$ relating to a pwkn'aAar activtty e.g. VJ. art et¢. Launchpad 135 c¢ntsnues to be supptyted by a 3-sEar restrtcw grant from the Nth'onal Lottery Community FuThl IRC L¢YthM and South East Region prryJramme). Client Well￿1ng Various grants to SUPFrfXt the menlal. p$￿￿￿041¢a1. emoti¢￿￿ soual wellbeing of dients. Inc1￿J1n9 access to a 1Km￿ing solioitor ajthticrfd seThictt to help adthess antspsoual behaviour issues vthith may sxrt h(￿51￿ at nsk. Volunteering Various to supwt rde of %￿unte￿S thr￿ Ihe (￿￿niSati￿. Some of these grants have speafic restriclkins lo e.g ts costs asso(xated the counselliry SeThi￿ for dients. Resettlement & Movts On Vantyjs to sur4)ort the resett￿￿ and MoVtrc￿ of La￿￿ad dients Th)to independent ffiving. including acc￿ to Launthpads remo¥as servi￿. Page41 lrnrffjthi Rof.SBIUklZ￿￿ 110rt2Q24 I*CQ16 BSToJfc *l)D11S P4w6 ' LAUNCHPAD READING .(A¢ompany limitod by guaranteo) NOTES TO THE F114ANCIAL STATEMEI FOR THE YEAR ENOED 31 lathCH 2024 20. Anatysis af not assets b•￿￿1 fund5 Analysis of not ass•ts borw•on fund5. cwrent period Unrestrieted R•stri¢ted funds funds 2024 2024 Total fund5 2024 Tangible fjxed assets Current assets Creditors due vAtIMn ￿ jpar Creditors due in more than one 7.84S.4 1.328.108 {472.0171 (1,824.2791 7.845.496 1A02,097 (472,01n (1.824.279) 73.989 Tolal 6.877.308 73.989 6,951.297 Unrestricted Restricted fvnds funds 2023 2023 Total funds 2023 Tar¥Jible fixed assets Current assets Creditcrs due within one 6,858,047 1.671,673 (391.779) {l.3￿.4(m)) 6,858,047 1,746.813 {391.779) 11.390.400) 75,140 Credttt)rs due in tlwi one Total 6.747541 75.140 6.822.681 21. Re¢onclllaion of net mov•ment in funds to eash Ilow from opar*ing aetivities Group 2024 Group 2023 Net k¥ Ihe withj (as w Stalement of FmarK4al Athibes) 128.616 504.503 Adiuslth•nts for. 258,342 (9.724 70.079 78,078 282,663 13,3751 {37,7091 31.878 (209,999) Oividends. interests and rents f¥om inve5kne￿ . Deueasel(inuease) in debtors Increase in uerfrtors Donation-in4YHS 525.391 567.961 P¥42 FW.S87C441&WWI1 tsy1024 1tQl'l68STiufc+ll riii8p4946 LAUNCHPAD RE￿)ING (A limil•d by gu•rant••) NOTES TO THE FINANCIAL STATUIENTS FOR THE YEAR ENDED 31 MPRCH 2024 Anatysis ol cash and cash equivalents Group 2024 Group 2023 Cash in hand Cash deposil 1.120.789 395.426 1,000,000 Total cash and ￿$h •quiv•l•n 1.120.789 1.395,426 is of ¢h•ng•s in net debt Al 1 April 2023 Cash flows At 31 March 2024 Cath at bank and in h*KI Debt due within 1 year 395,426 ns,363 1,120.789 (89.760) 12.160) 191.920) (1 J90,400) {433,879) 11,824.279) 1.000.IXM) 11.000.OM) Liqud inveslments (84.734) 1710.676) 1795.410) 24. At 31 March 2024 the Group the tharity had Coffffrdl￿nts lo make luture minirnum lease payTnents under norpcancellable leases as fdlows: Gr¢)up 2024 Group Company Conwny 2023 2024 2023 Not l*er than 1 year Later Ihan 1 n(* late1th￿ 5 5vrs 363.274 439251 331.643 418.938 363,274 439.251 331,643 418,598 802.525 750241 802.525 750.241 25. Related party transactions The tolal payTnents IOT seryicts or goots m•Je to eonne¢*ed to Launchpad Reading trustees during the penod was £38.541 (2023 - £34.391}. The ￿ganiSatiOn PA￿ was Reading Rotary Communty Prqects £38.$41 (2023- £34.391} for rent. of acliwties. Page 43 LAUNCHPAD READING .(A c(¥w>any limi¢ed by guaranteol IIOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 IAARCH 2024 26. Post balance SI￿•1 Mnts On 1 ￿.1 2024 Launthpad entered a nv+V W￿1h ReaJiThJ B(Yough Counril %thi¢h engaged Ih ts¥o h￿￿eleSsnesS propLts. wovithJ 24-h(MK be¥￿e SUF1)￿. for those wrlh a rough ￿eeFIng history. at The Cavef5ham Road Ptyjs and The Nova Prqed. vtho have been found sleeping and ha4E comF4ex needs. The Nova project is a speualist service for women. provldr￿ support and serwces for aR vidims of domestic abuse and violenee. Both semces we staffed 24n and create a safer en¥ircfflment aTrJ 5UPPOrtiNJ them in redaimiTrJ the In Juty 2024. LauKhpad eftle￿￿ K)lo a new lease for a nintrbed reshlential property. the Property will be utilised to pro¥¥Je SUPF(y1J'w I￿sIng. Additronalty. we ￿1[ transtsM one of our e￿$tIng properties from oviding supported IKJusng to longer-temi affordable hwsin9. 27. Principal subsidiarie5 Class of Holdw number wineipal place of Im￿lnesS shtires Included in nsolidatlon Laun¢hpad Re•Jing 11162563 The Sta4es. m￿d￿ts Place. Ordinary Re•*ng RG1 1DT '11j￿ Yes The finan(aal results of Ihe subsii*aryfor the were: Name liKom• Expenthure Nel assets 607.516 607.516 1,000 44