BUSINESS LAUNCHPAD
Provision of enterprise training, awareness and business units for young people
Objects
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.
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net income of £42k for the year, driven by increased trading income from its subsidiary, Trident Business Centre Limited. However, the group recorded a significant unrealised loss of £1.99m on the revaluation of its leasehold property, which reduced total unrestricted funds to £3.08m. The trustees note that free reserves are minimal, with the majority of group assets tied up in fixed property and liabilities, though they aim to rebuild reserves to three months of operating costs over the next five years.
What the accounts disclose
“One employee received emoluments in the band £80,000 to £90,000” — page 32
“One employee received emoluments in the band £80,000 to £90,000” — page 32
“At year-end, free reserves were £230k, representing just over 2 months.”
“Business Launchpad is the sole shareholder in Trident Business Centre Limited, which donates its profits every year to Business Launchpad. Business Launchpad also has a loan outstanding to Trident Business Centre, on which it receives interest.”
“The charity has a trading subsidiary Trident Business Centre Limited which is incorporated in the UK.” — page 38
Year-over-year changes
- Top pay band moved from more than £60,000 (FY2024) to £80,001 - £90,000 (FY2025).
Policies the charity declares
- 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
From the charity’s annual return (Part A, self-declared)
Self-declared on the annual return for the financial year ending 31/03/2025
- Volunteers: 10
- Government income: £97,248 — grants £97,248 (2); 6% of the £1,513,179 total gross income on the same return
- Employees paid over £60,000: 1 (£80,001–£90,000: 1)
- Has a trading subsidiary
Self-declared on the annual return for the financial year ending 31/03/2024
- Volunteers: 10
- Government income: £69,503 — grants £69,503 (1); 5% of the £1,415,165 total gross income on the same return
- Employees paid over £60,000: 1 (£80,001–£90,000: 1)
- Has a trading subsidiary
Self-declared on the annual return for the financial year ending 31/03/2023
- Government income: £29,955 — grants £29,955 (1); 2% of the £1,199,052 total gross income on the same return
- Employees paid over £60,000: 1 (£80,001–£90,000: 1)
- Has a trading subsidiary
Leadership, per the charity’s website
- Olu Olanrewaju — Chair
- Felicia Mattis-Rome — Chief Executive Officer
- James Wall — Vice Chair
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- OLU OLANREWAJUchair
- Akta Raja
- Bianca Riemer
- George Culverhouse
- James Richard Wall
- Simon John Williams
- WILLIAM SCEATS
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £1.5m | £1.5m |
| 31/03/2024 | £1.4m | £1.3m |
| 31/03/2023 | £1.2m | £1.2m |
| 31/03/2022 | £1.2m | £1.3m |
| 31/03/2021 | £1.2m | £1.1m |
Common questions
Is BUSINESS LAUNCHPAD financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a net income of £42k for the year, driven by increased trading income from its subsidiary, Trident Business Centre Limited. However, the group recorded a significant unrealised loss of £1.99m on the revaluation of its leasehold property, which reduced total unrestricted funds to £3.08m. The trustees note that free reserves are minimal, with the majority of group assets tied up in fixed property and liabilities, though they aim to rebuild reserves to three months of operating costs over the next five years. Its FY2025 accounts were audited by Barnes Roffe Audit Limited.
What does the highest-paid employee of BUSINESS LAUNCHPAD earn?
Per its FY2025 accounts, the highest-paid employee was in the £80,001 - £90,000 band, and 1 employees earned over £60,000.
Who funds BUSINESS LAUNCHPAD?
Funders whose own accounts filings name BUSINESS LAUNCHPAD as a grant recipient include TRUST FOR LONDON, IMPETUS - THE PRIVATE EQUITY FOUNDATION.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| TRUST FOR LONDON | FY2024 | £350k | Social investment |
| IMPETUS - THE PRIVATE EQUITY FOUNDATION | FY2025 | £50k | Grants to Impetus portfolio partners |
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| Greater London Authority | 01/01/2020 | £150k | Business Launchpad |
| London Borough of Southwark | 01/04/2019 | £15k | Grant to Business Launchpad |
| The National Lottery Community Fund | 20/07/2018 | £9k | Youth Leadership Enterprise Programme |
| The National Lottery Community Fund | 18/02/2008 | £8k | 20 Years Celebration of Achievement and Aspriation |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| JOHN & HILARY PRITCHARD TRUST | 1 | £156k |
| THE BARRY AND PEGGY HIGH FOUNDATION | 1 | £100k |
| LADBROKES CORAL TRUST | 1 | £75k |
| THE EARLEY CHARITY | 1 | £71k |
| THE EDWARD GOSTLING FOUNDATION | 1 | £45k |
| QUEEN MARY'S ROEHAMPTON TRUST | 1 | £35k |
| THE ARDEOLA CHARITABLE TRUST | 1 | £31k |
| THE BRITFORD BRIDGE TRUST | 1 | £30k |
Charities like this
- LAUNCHPAD CHARITABLE TRUST
- Launchpad Social Enterprise
- LAUNCH PAD
- LAUNCHPAD READING
- Launch It Trust
- THE LAUNCHPAD COLLECTIVE CIO
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| BUSINESS LAUNCHPAD | £1.5m | £80,001 - £90,000 | 1 | below | — | no doubt |
| LAUNCHPAD CHARITABLE TRUST | £0 | — | 0 | unclear | — | no doubt |
| Launchpad Social Enterprise | £5.6m | — | 0 | below | — | no doubt |
| LAUNCH PAD | £218k | — | 0 | unclear | — | no doubt |
| LAUNCHPAD READING | £4.9m | £60,001 - £70,000 | — | unclear | — | no doubt |
| Launch It Trust | £707k | — | — | below | — | no doubt |