Please click here to see Launchpad's latest report and accounts on the Charity Commission website.

Financial Review to YE Jun 18

Income for the year totalled £646,833 (2017 £634,206) which included restricted grant income of £178,214 (2017 £217,991) and unrestricted income of £486,619 (2017 £416,215) arising from rents, service charges, bank interest and donations.

Expenditure for the year totalled £662,415 (2017 £592,306) of which £204,963 (2017 £189,444) was restricted expenditure leaving unrestricted expenditure of £457,452 (2017 £402,862).

There was an overall deficit of £15,582 for the year (2017 surplus of £41,900) which included a surplus on reserves of £12,633.

Net assets at 30th June 2018 totalled £1,152,815 (2017 £1,168,397). This included fixed assets of £823,488, debtors of £52,947, cash at bank of £324,419 and liabilities of £48,039.

Launchpad's principal sources of income in the last year have been:

- ABF The Soldiers' Charity

- The Big Lottery Fund

- The Royal British Legion

- The Veterans' Foundation

- Rental income

All expenditure has been used to sustain the activities of the charity, according to its objects.  The majority of income is spent on paying rent for Avondale House to the Byker Community Trust, salaries, running costs and capital expenditure.