Finance Score: -1

Governance Score: 3

Support Score: 12

Low unrestricted reserves: -2
Reasonable growth: +1

Good trustee age range: +3

Grant maker support: +12

Overall GiG Score: 14

LAUNCH IT TRUST

We provide space to help young people start businesses. With us, you could start a business, gain employment skills, become a business mentor or a Team London volunteer.

Analysis by Giving is Great

Positives:

There has been reasonable growth in spending over the last 3 years relative to the previous period
There have been no material income shortfalls in recent years
A significant proportion of recent income was derived from major grant makers including the Government
The Board appears to be well diversified in terms of age

Financial issues to consider:

Unrestricted reserves appear to be dangerously low at the latest year end

Established: 23 years

www.launchit.org.uk

info@launchit.org.uk

02088854920

Charity Commission for England and Wales

Tweets

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	Volun- teers
31/12/22		£1,441	£1,335	£106	£0	£263	£157	1.4	10	23
31/12/21		£749	£657	£92	£64	£157	£-16	-0.3	5	22
31/12/20		£623	£596	£27	£72	£65	£9	0.2	6	26
31/12/19	*	£557	£595	£-37	£85	£39	£-10	-0.2	5	23
31/12/18		£724	£693	£30	£49	£76	£2	0	9	15
31/12/17	*	£692	£650	£42	£54	£45	£15	0.3	9	0
31/12/16		£772	£870	£-99	£12	£4	£-34	-0.5	16	0
31/12/15		£815	£884	£-70	£36	£103	£52	0.7	17	0
31/12/14		£938	£820	£118	£52	£172	£70	1	17	0
31/12/13		£1,012	£1,038	£-26	£59	£54	£31	0.4	15	0
31/12/12	*	£688	£646	£41	£53	£81	£31	0.6	9	0
31/12/11		£626	£601	£25	£45	£39	£39	0.8	9	0
31/12/10		£586	£664	£-78	£53	£15	£15	0.3	7	0
31/12/09		£659	£853	£-194	£19	£93	£81	1.1	9	0
31/12/08		£697	£603	£94	£3	£287	£282	5.6	5	0
31/12/07	*	£470	£429	£41	£0	£0	£0	n/a	0	0
31/12/06	*	£476	£355	£121	£0	£0	£0	n/a	0	0
31/12/05	*	£233	£208	£24	£0	£0	£0	n/a	0	0
31/12/04		£151	£174	£-22	£0	£0	£0	n/a	0	0

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Financial Ratios

Fundraising Costs/Relevant Income: 0%
Fundraising Costs/Total Spending: 0%
Highest pay band: Less than £60,000
Liabilities/Assets: 66%
Liabilities/Income: 35%
Unrestricted Funds/Total Funds: 60%
Reserves/Spending: 1.4 months
Net Current Assets/Spending: 3 months
Quick Ratio: 1.2

Asset Split ?

Listed activities

Education/Training
General Charitable Purposes
The Prevention Or Relief Of Poverty

How it operates

Makes Grants to Individuals
Provides advocacy/advice/information
Provides buildings/facilities/open space
Provides human resources
Provides services

Where it operates

Throughout England,

Who it helps

Children/Young People

Who works here?

10 employees
23 volunteers

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

Dulverton Trust	£145,000
The Blagrave Trust	£123,872
John Lyon's Charity	£108,000
Paul Hamlyn Foundation	£95,000
Garfield Weston Foundation	£50,000
City Bridge Trust	£21,900
Rank Foundation	£20,000

Specific Donations

Amount	When Months	To be used for
The Blagrave Trust - Infrastructure and Fieldbuilding Grants
£3,000	30/11/2023	Launch it labs
Dulverton Trust - Launch It Sheerness
£105,000	07/06/2023	Launch It Sheerness
John Lyon's Charity - Main grant to Launch It Trust
£108,000	17/11/2022	Enterprise Manager Salary
Garfield Weston Foundation - Multi-Year Grant (3 Years) award
£25,000	22/04/2022	Funding towards our core services
The Blagrave Trust - Opportunity Fund Phase 2 - LI Agent Org
£120,872	31/08/2021	Livlihood support for young entrepeneurs
Garfield Weston Foundation - Multi-Year Grant (3 Years) award
£25,000	09/04/2021	Funding towards our core services
Paul Hamlyn Foundation - Covid-19 Emergency Funding
£15,000	03/03/2021 6	Launch It is a group of charities operating under the London Youth Support Trust. Launch It aims to change lives through enterprise and break down the barriers for young entrepreneurs with experience ....more Launch It is a group of charities operating under the London Youth Support Trust. Launch It aims to change lives through enterprise and break down the barriers for young entrepreneurs with experience of disadvantage. This grant provides support to aid the organisation in dealing with the challenges posed by Covid-19.
Paul Hamlyn Foundation - Launch It regional growth and development.
£60,000	24/06/2020	Launch It is a youth enterprise charity with sites in England and Scotland, that aims to help young people from disadvantaged backgrounds to start their own businesses. This grant supports further ....more Launch It is a youth enterprise charity with sites in England and Scotland, that aims to help young people from disadvantaged backgrounds to start their own businesses. This grant supports further replication and the development of a more rigorous infrastructure to support its growing network of enterprise centres.
Paul Hamlyn Foundation - COVID19 Emergency Funding
£20,000	18/06/2020 3	Support to aid the organisation in dealing with the challenges posed by COVID19.
City Bridge Trust - Grant to Launch It Trust
£21,900	05/06/2020	£21,900 to fund the essential and urgent costs outlined in the application, so that the organisation can carry on providing support to Londoners.
CAF - Grant to Launch It Trust
£5,000	22/05/2020 3	Grant to Launch It Trust to support the organisation through COVID19
Rank Foundation - Resilience Fund Launch It Trust 2020
£20,000	17/04/2020	To cover lost income
Dulverton Trust - Launch It Dundee
£40,000	12/02/2020	Launch It Dundee
The Blagrave Trust - The Opportunity Fund
£71,695	19/03/2019	Providing a year long basic income for young campaigners
Garfield Weston Foundation - Main Grants award
£25,000	19/02/2019	Core Enterprise Skills and Incubation Programmes
Paul Hamlyn Foundation - Supporting national expansion plans
£60,000	09/07/2018 24	LYST is a youth enterprise charity that aims to help young people from disadvantaged backgrounds to start their own businesses. Through this grant LYST plans to expand its business incubation and ....more LYST is a youth enterprise charity that aims to help young people from disadvantaged backgrounds to start their own businesses. Through this grant LYST plans to expand its business incubation and support programme nationally, opening two enterprise centres out of London, in locations where youth unemployment is an issue. Funding would enable the team to focus on fundraising, build relationships with potential partners, and research and formalise an appropriate structure moving forward.
Dulverton Trust - Expansion to Dundee
£35,000	13/06/2018	Expansion to Dundee
City Bridge Trust - Grant to London Youth Support Trust
£10,000	08/09/2017	£10,000 over 9 months towards business planning and cost analysis to help prepare LYST for social investment.
John Ellerman Foundation - Core costs towards salary
£105,000	28/01/2016 36	Towards core costs specifically the salary of an Executive Director to enable the expansion of its model of supporting young entrepreneurs in more cities.
Esmee Fairbairn - Grant to London Youth Support Trust
£40,000	05/10/2015 24	Towards the salary costs for the Hull Youth Support Trust centre manager of the first youth business incubation centre in Hull that will support unemployed and under-employed young entrepreneurs with ....more Towards the salary costs for the Hull Youth Support Trust centre manager of the first youth business incubation centre in Hull that will support unemployed and under-employed young entrepreneurs with business advice and personal support.
Esmee Fairbairn - Grant to London Youth Support Trust
£115,000	15/07/2010 36	Towards Core costs Towards the salary of the fundraising manager and core costs.

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Data sourced from Donors via 360 Giving

How is it governed?

Trustees (9)

Current Trustees appointed

Age Range of Trustees: 31-76

ABHAY VARMA Appointed: 2023, Occupation: Investment Manager, Other trusteeship: ST CLARE'S FOUNDATION,

EARL MICHAEL ST ALDWYN

GABRIELLE BOYLE Appointed: 2022, Occupation: Trustee

JAN PETHICK Appointed: 2010, Occupation: Chair, Troy Asset Management, Other trusteeship: THE FOUNDATION AND FRIENDS OF THE ROYAL BOTANIC GARDENS,KEW,

JOANNA ROWELLE Appointed: 2013, Occupation: Commercial Director

LORD HOWARD OF PENRITH (Chair), Other trusteeship: THE PHILIP & SARAH HOWARD CHARITABLE TRUST,

LEONE CATRIONA MCKINLEY Appointed: 2022, Occupation: Company Director

REBECCA BYRNE Appointed: 2001, Occupation: Lawyer

SARAH KONG Appointed: 2024, Occupation: Financial Consultant

Legal constitution

Charitable company registered in England & Wales on 31/05/2001, number: 1086850
Registered at Companies House on 27/12/2000, number: 04133046

Gift Aid

Registered with HMRC for Gift Aid

Policies in force

Complaints handling
Conflicting interests
Paying staff
Risk management
Safeguarding vulnerable beneficiaries
Volunteer management

Filing Record

19 returns made; AR19: 61 days late, AR17: 41 days late, AR12: 132 days late, AR07: 26 days late, AR06: 71 days late, AR05: 30 days late,

Main office

Tottenham Green Enterprise Centre
Town Hall Approach Road
London
N15 4RX

Objectives

TO PROMOTE BY ALL CHARITABLE MEANS THE MENTAL, SPIRITUAL, MORAL AND PHYSICAL DEVELOPMENT AND IMPROVEMENT OF YOUNG PEOPLE ACROSS THE UK AND TO PROVIDE OPPORTUNITIES FOR THEM TO DEVELOP THEIR FULL CAPACITIES AND ENABLE THEM TO BECOME RESPONSIBLE MEMBERS OF SOCIETY SO THAT THEIR CONDITIONS OF LIFE MAY BE IMPROVED, TO INCLUDE: 1. ADVANCING THE EDUCATION OF YOUNG PEOPLE BY THE PROVISION, ENCOURAGEMENT AND PROMOTION OF EDUCATION, INSTRUCTION OR TRAINING IN PROFESSIONS, VOCATIONS, INDUSTRIES, CRAFTS, TRADE OR THE SKILLS NEEDED IN EMPLOYMENT; 2. RELIEVING POVERTY AMONGST YOUNG PEOPLE THROUGH THE PROVISION OF ASSISTANCE (INCLUDING FINANCIAL ASSISTANCE, ACCOMMODATION OR PREMISES) AND ENCOURAGEMENT WHILST THEIR EDUCATION IS BEING ADVANCED AS AFORESAID OR WHILST THEY ARE IN THE PROCESS OF ESTABLISHING NEW BUSINESSES OR PREPARING FOR, ENTERING UPON OR ENGAGING IN A PROFESSION, TRADE, CRAFT OR SERVICE; AND 3. ARRANGING PERIODS OF VOLUNTARY WORK IN THE COMMUNITY 2. TO FURTHER SUCH OTHER CHARITABLE PURPOSES, WHETHER IN CO-OPERATION WITH THE PRINCE'S TRUST OR OTHERWISE, AS THE TRUSTEES IN THEIR ABSOLUTE DISCRETION THINK FIT.

Defined Area of Benefit:

GREATER LONDON

Data Sources