Finance Score: -3

Governance Score: 6

Support Score: 7

Excess reserves: -5
Positive trading contribution: +2;

Good trustee age range: +3
Dynamic board: +3

Grant maker support: +7

Overall GiG Score: 10

BUSINESS LAUNCHPAD

Provision of enterprise training, awareness and business units for young people

Analysis by Giving is Great

Positives:

The charity has received backing from multiple prominent grant makers recently
More than half of total income was derived from trading and fees in the latest year
There have been no material income shortfalls in recent years
The Board appears to be well diversified in terms of age and dynamic in terms of composition

Financial issues to consider:

This charity has substantial assets and unrestricted reserves of £5,329,542 available, equivalent to 54 months of spending and so may not be able to utilise additional funding

Established: 36 years

www.businesslaunchpad.org.uk

info@businesslaunchpad.org.uk

02085167700

Charity Commission for England and Wales

Financial Data ?

Income & Spending ?

Sources of Income ?

Y/E		Income £k	Spending £k	Surplus/ Deficit	Fundraising Cost £k	Total Funds £k	Unrestricted Funds £k	Mths Rsrvs	Staff
31/03/23		£1,199	£1,180	£19	£0	£5,366	£5,330	54.2	16
31/03/22		£1,230	£1,265	£-34	£0	£5,347	£5,293	50.2	19
31/03/21		£1,226	£1,117	£109	£0	£5,381	£5,333	57.3	22
31/03/20		£1,163	£1,136	£27	£0	£3,122	£3,066	32.4	22
31/03/19		£1,187	£1,143	£44	£0	£3,096	£3,027	31.8	20
31/03/18		£1,152	£1,025	£127	£0	£3,051	£2,968	34.7	17
31/03/17		£1,011	£958	£54	£0	£2,080	£2,001	25.1	16
31/03/16		£1,011	£762	£248	£0	£2,026	£1,947	30.7	14
31/03/15		£930	£808	£122	£17	£1,778	£1,699	25.2	10
31/03/14		£769	£775	£-6	£3	£793	£714	11.1	7
31/03/13		£733	£713	£19	£12	£799	£678	11.4	10
31/03/12		£606	£593	£13	£14	£779	£621	12.6	13
31/03/11	*	£586	£588	£-2	£14	£766	£567	11.6	13
31/03/10	*	£823	£739	£84	£9	£853	£569	9.2	7
31/03/09	*	£476	£509	£-33	£0	£0	£0	n/a	0
31/03/08	*	£964	£1,057	£-93	£39	£192	£92	1	20
31/03/07	*	£1,268	£1,317	£-49	£41	£266	£162	1.5	20
31/03/06		£621	£575	£47	£0	£0	£0	n/a	0
31/03/05		£537	£440	£97	£0	£0	£0	n/a	0
31/03/04	*	£396	£395	£1	£0	£0	£0	n/a	0

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Financial Ratios

Fundraising Costs/Relevant Income: 0%
Fundraising Costs/Total Spending: 0%
Senior Staff Costs/Total Spending: 9%
Highest pay band: £80,000-£90,000
Liabilities/Assets: 23%
Liabilities/Income: 132%
Unrestricted Funds/Total Funds: 99%
Reserves/Spending: 54.2 months
Net Current Assets/Spending: 3 months
Quick Ratio: 1.1

Asset Split ?

Listed activities

Education/Training

How it operates

Provides services

Where it operates

Throughout London,

Who it helps

Children/Young People

Who works here?

16 employees

Who's supporting them? ?

Donations from Grant Makers ?

We have details on the following significant donations. Multi-year donations are allocated to the years for which they are earmarked.

Major supporters in last 5 years

Greater London Authority	£149,773
DCMS	£44,800
Walcot Foundation	£37,866
City Bridge Trust	£30,232

Specific Donations

Amount	When Months	To be used for
Department for Work and Pensions - BUSINESS LAUNCHPAD LIMITED
£4,479	01/04/2022	The Kickstart Scheme provides funding to employers to create jobs for 16 to 24 year olds on Universal Credit.
DCMS - Coronavirus Community Support Fund
£44,800	29/07/2020	"The fund aims to:1) To reduce closures of essential charities that provide essential services to vulnerable groups during the COVID-19 crisis by ensuring they have the financial resources to ....more "The fund aims to:1) To reduce closures of essential charities that provide essential services to vulnerable groups during the COVID-19 crisis by ensuring they have the financial resources to operate, thereby reducing the burden on public services.2) To ensure essential services are provided to vulnerable people, both in the short and long term through increased community support through the work of charitable organisations."
City Bridge Trust - Grant to Business Launchpad
£30,232	11/06/2020	£30,232 towards remaining costs as outlined in your application
Walcot Foundation - COVID19 - Lambeth Side Hustle
£12,866	15/05/2020 12	This funding will enable BLP to create a 10-week online-only programme of business and personal development support for up to 30 NEET young people aged 16-30, 10 of which will be from Lambeth. The ....more This funding will enable BLP to create a 10-week online-only programme of business and personal development support for up to 30 NEET young people aged 16-30, 10 of which will be from Lambeth. The project involves 40 hours of technical training and 60 hours of 1:1 coaching support for each young person. At the end of the 10 weeks, young people will launch their products and be supported by BLP to register their business and sell through their own online portal if appropriate. Laptop computers will be loaned to young people who need them (with a chance to 'bid' to keep them for business reasons at the end of the project) and small grants of up to £ 250 will also be made available to those who can demonstrate they are then ready to take their business idea to the next level. Alongside 4 hours of technical training in business planning, coding, web design, product design and crowdfunding each week, they will get 6 hours of 1:1 coaching to ensure they are on track and able to take full advantage of the new skills they are learning.
Greater London Authority - Business Launchpad
£149,773	01/01/2020	Positive activities for young people involved in crime or at risk of crime or exclusion
Walcot Foundation - Igniting Grassroots Innovation
£25,000	26/11/2019 12	Igniting Grassroots Innovation
London Borough of Southwark - Grant to Business Launchpad
£14,966	01/04/2019	Community Safety - Positive Futures stage 1 grant from the Housing & Modernisation department for Wellbeing hub for entrepreneurs
National Lottery Community Fund - Youth Leadership Enterprise Programme
£8,872	20/07/2018 12	The funding will be used to create a leadership programme for young people not in education, employment or training. The project aims to raise their self-esteem and empower them to enhance their ....more The funding will be used to create a leadership programme for young people not in education, employment or training. The project aims to raise their self-esteem and empower them to enhance their employment prospects.
Lloyds Bank Foundation - Grant to Business Launchpad
£7,836	22/03/2016 12	Business Launchpad is seeking to improve its structures and systems by increasing its ability to monitor, evaluate and report on its impact, thereby improving its effectiveness and also enabling it ....more Business Launchpad is seeking to improve its structures and systems by increasing its ability to monitor, evaluate and report on its impact, thereby improving its effectiveness and also enabling it to improve its reporting to funders

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Data sourced from Donors via 360 Giving

How is it governed?

Trustees (10)

Current Trustees appointed

Age Range of Trustees: 31-61

AKTA RAJA Appointed: 2021, Occupation: Entrepreneur

BIANCA RIEMER Appointed: 2022, Occupation: Professional Coach

DAVID ADAM GORDON Appointed: 2015, Occupation: Lawyer

HAYLEY ELIZABETH BUTLER Appointed: 2022, Occupation: Marketer

JAMES RICHARD WALL Appointed: 2018, Occupation: Relationship Manager

OLU OLANREWAJU (Chair) Appointed: 2021, Occupation: Business Executive, Other trusteeship: THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH, CHORLEYWOOD,

PAVITRA RAJA Appointed: 2022, Occupation: Programme Lead

SIMON JOHN WILLIAMS Appointed: 2022, Occupation: It Consultant

WILLIAM SCEATS Appointed: 2008, Occupation: Management Consultancy

ZOE HANNAH ROBERTS Appointed: 2022

Legal constitution

Charitable company registered in England & Wales on 15/07/1988, number: 299599
Registered at Companies House on 13/03/1987, number: 02110648

Gift Aid

NOT registered with HMRC for Gift Aid

Policies in force

Bullying and harassment policy and procedures
Campaigns and political activity policy and procedures
Complaints handling
Complaints policy and procedures
Conflicting interests
Engaging external speakers at charity events policy and procedures
Financial reserves policy and procedures
Internal charity financial controls policy and procedures
Internal risk management policy and procedures
Investment
Paying staff
Risk management
Safeguarding policy and procedures
Safeguarding vulnerable beneficiaries
Serious incident reporting policy and procedures
Social media policy and procedures
Trustee conflicts of interest policy and procedures
Volunteer management

Filing Record

20 returns made; AR11: 11 days late, AR10: 75 days late, AR09: 12 days late, AR08: 20 days late, AR07: 0 days late, AR04: 1 days late,

Main office

Tooting Works
89 Bickersteth Road
LONDON
SW17 9SH

Objectives

THE PROMOTION OF WELFARE OF YOUNG PEOPLE IN THE GREATER LONDON AREA AND PRIMARILY IN THE LONDON BOROUGH OF WANDSWORTH, AND IN PARTICULAR BY THE PROVISION OF EDUCATION TRAINING AND RESOURCES FOR SUCH PERSONS WHO BY REASON OF THEIR SOCIAL AND ECONOMIC CIRCUMSTANCES ARE IN NEED OR UNABLE TO GAIN EMPLOYMENT.

Defined Area of Benefit:

GREATER LONDON

Data Sources