Launch IT Trust

Also known as: London Youth Support Trust

The activities of the Launch It Trust continue to be the provision of business support and subsidised workspace units to start-up businesses, many of whom are also supported by The Prince's Trust.

Email Charity

Activities & Mission

The activities of the Launch It Trust continue to be the provision of business support and subsidised workspace units to start-up businesses, many of whom are also supported by The Prince's Trust.

Areas of Operation

Where this charity is registered to operate, as self-declared to the Charity Commission. These are regulatory classifications, not a list of active programmes, and don't necessarily indicate fundraising activity in each location.

Region

England

Financial Information

Latest Income

£1,016,017

Latest Expenditure

£881,910

Financial Efficiency

Program Ratio 86.8%

% of income going directly to charitable activities

Higher than 34% of UK Beneficiary group charities with income £1M to £10M (sample: 3130). How is this calculated?

Overall Efficiency 100.0%

% of expenditure going to programs (vs overhead)

Higher than 100% of UK Beneficiary group charities with income £1M to £10M. How is this calculated?

Administrative Ratio 2.6%

Overhead (fundraising + governance) as % of total expenditure

Lower overhead than 48% of UK Beneficiary group charities with income £1M to £10M. (Lower overhead is generally read as more efficient.) How is this calculated?

Latest Financial Breakdown

Income Sources

Donations & Legacies £615,623

Charitable Activities £342,893

Other Trading £57,501

Investments £0

Other Income £0

Expenditure Categories

Charitable Expenditure £881,910

Raising Funds £0

Governance £23,100

Grants to Institutions £0

Other Expenditure £0

Financial Trend

Annual Returns

As filed with the Charity Commission for England and Wales. Most recent filing covers the financial year ending 2024.

Financial Year	Income	Expenditure	Charitable Spending	Net Assets	Reserves	Staff
2024	£1,016,017	£881,910	£881,910	£379,584	£90,987	9 / 42
2023	£760,304	£778,287	£778,287	£245,477	£65,242	9 / 25
2022	£1,440,960	£1,334,809	£1,334,809	£263,460	£157,482	10 / 23
2021	£748,688	£656,852	£592,558	£157,309	£0	5 / 22
2020	£622,698	£595,741	£174,299	£65,473	£8,614	6 / 26

Staff column shows: Employees / Volunteers

Frequently asked questions about Launch IT Trust

What does Launch IT Trust do?

The activities of the Launch It Trust continue to be the provision of business support and subsidised workspace units to start-up businesses, many of whom are also supported by The Prince's Trust.

How much income did Launch IT Trust report in 2024?

Launch IT Trust reported total income of £1.02m and reported expenditure of £882k for the financial year ending 2024, based on the most recent annual return filed with the Charity Commission.

How efficient is Launch IT Trust?

Launch IT Trust has a program ratio of 86.8%, meaning that share of its income goes directly to charitable activities. This is higher than 34% of UK Beneficiary group charities with income £1M to £10M (sample of 3130 charities). See our methodology for how this is calculated.

When was Launch IT Trust registered as a charity?

Launch IT Trust was registered with the Charity Commission for England and Wales on 31 May 2001 as charity number 1086850. It has been registered for 25 years.

Who runs Launch IT Trust?

Launch IT Trust is governed by a board of 10 trustees. The chair of trustees is LORD HOWARD OF PENRITH. Trustees are legally responsible for the charity's governance and are listed in full on its profile.

Where does Launch IT Trust operate?

Launch IT Trust operates in England, as recorded in its Charity Commission filing.

Is Launch IT Trust a registered charity?

Yes — Launch IT Trust is a registered charity in England and Wales, charity number 1086850.