2025-08-31-accounts

Red Balloon Educational Trust

Willow Lodge 37 High Street Milton Cambridge CB24 6DF

Red Balloon Educational Trust Annu al Report 2024/25

Tel: [phone] Email: [e-mail]

Charity no: 1109606

www.redballoonlearner.org

Red Balloon Educational Trust Annual Report 2024/25

I spent the best part of two school years out of education before I found Red Balloon. I started at Red Balloon at the end of year 10, terrified for my future and convinced I would end up as nothing. Instead, they showed me something I hadn’t seen before. True compassion.

They took the broken pieces of me and didn’t try to fix it for me, but helped me realise I could do that myself. There are no divisions between staff and student, it’s a truly collaborative environment for education and growth and, as corny as it sounds – it was like a family.

Red Balloon Alumna

Many young people struggle in the classroom because of trauma, bullying or EBSA (emotional ~~-~~ based school avoidance). Red Balloon helps young people re ~~-~~ engage with education in a way that is comfortable for them. We help build the confidence they need to get back on track academically and socially.

Red Balloon Educational Trust Annual Report 2024/25

Red Balloon Educational Trust Annual Report 2024/25

Contents

Introduction from the Chair 4 About Red Balloon 6 Our year at a glance 7 Our locations 8 Our values, ethos and practice 11 Wellbeing 12 Education 14 Social re-engagement 16 Fundraising 18 Supporter case study 20 Our plans for the future 22 Structure, governance and management 26 Financial review 30 Administrative details 32 Risk assessment 33 Independent auditor's report 36 Financial statements 40 Notes to the financial statements 43

Red Balloon Educational Trust Annual Report 2024/25

Red Balloon Educational Trust Annual Report 2024/25

Introduction from the Chair

Looking over the past year, I am immensely proud of our students and staff for all they have accomplished, grateful to our volunteers and donors for all they have given and appreciative of our friends and supporters who have helped us achieve our goals.

Against a backdrop of difficult economic times, continued rising rates of school absence and more students presenting with mental health issues, Red Balloon Educational Trust is pleased to say we have maintained good attendance, continued to provide a truly inspirational therapeutic and educational programme that suits the needs of our students, and have achieved our aim of helping students recover and move to their next provision. We supported over 120 young people in 2024/25 as they began to re-engage with education, build new relationships with staff and peers and turn their lives around; we strengthened our relationships with our local communities; and we worked tirelessly to prepare our newest Centre, Red Balloon Aylesbury, for opening in autumn 2025.

We’ve been strengthening our infrastructure too. We have welcomed new trustees to the organisation: they kindly give their time and expertise to shape the direction of Red Balloon and ensure we continue to meet the needs of our young people. Their commitment, the comprehensive training they undertake and the time they give for meetings are not insignificant, and I thank each of them for their reliability.

This year we have worked to improve our digital infrastructure by employing a Head of Data, Systems and Infrastructure coupled with her position as Data Protection Officer. We have introduced stronger online safety and monitoring systems to keep students and staff safe from online attacks, exploitation and harmful and inappropriate content, as we continue to discuss with our students the best ways to stay safe and question the content they’re seeing online.

Our work at Audley House, our RBET Centre in Aylesbury, has been particularly rewarding. With a considerable financial commitment from the William Harding’s Charity, we were able to find a house which they will rent to us as well as a further sum to bring it up to the high standards we demand. By August 2025, the past eighteen months’ efforts had proved successful and culminated in a beautiful building filled with books, science equipment, sensory tools, games and so much more. Since early 2025, we have been in close contact with Buckinghamshire Local Authority, who have helped us select the kind of student for whom RBET works best, and we opened the doors of this new Centre in September 2025.

In addition to the William Harding’s Charity trustees, I also give my deepest thanks to all supporters and local communities in Aylesbury who helped in the refurbishment and equipping of the new Centre. At RBET-Worthing, we are also extremely grateful to the local donor who provided a beautiful garden-room for RBETWorthing. As ever, this charity wishes to thank all the donors, volunteers and local community members who help us accomplish all that we do.

Looking forward, the uncertainty we’ve all felt this year is likely to persist as the government looks to redefine SEND education and its provision, as further safeguarding and child protection controls come into force, as the new Ofsted inspection framework is implemented, and as the impact of mobile phones, AI and scrolling, not just on our children, but on all children, is better understood.

However, I have great confidence in my fellow trustees, their skills and experience, our professional and hardworking staff, the support networks we have built up, our reputation for providing first-class education and, most importantly, our young people’s perseverance in their studies, their ever-growing self-confidence and their unlimited capacity to imagine a better future for themselves.

With kind regards,

Carrie Herbert Founder and Chair of Trustees

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Abo ~~ut~~ Red Balloon

Our ~~ar a~~ t a ~~n~~ ce ye gla

Red Balloon provides a safe, supportive environme ~~nt~~ for y ~~o~~ ung people a ~~ge~~ d 11 ~~-~~ 18 who are currently unable to attend mains ~~t~~ ream schools because of serious me ~~nt~~ al health challenges, trauma, and special educ ~~a~~ tional needs which couldn’t be met in a mainstream school.

Our students achieve amazing things ~~.~~ Of the students who took GCSE exams and other qualifications in the 2024 ~~-~~ 2025 y ~~e~~ a ~~r~~ :

~~-~~ 1 ~~0~~ 0% achieved grades 4 9 in English ~~L~~ iterature

These students have often experienced extended absences from education, mis ~~s~~ ing critical opportunities to learn, build skills and socialise. As isolation deepens ~~,~~ their confidence wanes. Without the right support and intervention, these children get left behind, unable to m ~~ov~~ e f ~~orwa~~ rd, pursue a career and make a successful transition to adulthoo ~~d.~~

100% pass rate i ~~n~~ Physics

With the generous supp ~~o~~ rt of donors and volunteers, and o ~~u~~ r partnerships with local authorities, Red Balloon is able to offer a comprehensive pr ~~o~~ gramme, working to meet each student's i ~~n~~ dividu ~~a~~ l ~~nee~~ d ~~s a~~ nd goals ~~.~~ Our approach combines social re ~~-~~ engagement, academic learning, a ~~n~~ d wellbeing support, helping yo ~~u~~ ng people gain self ~~-~~ confidence, skills and qualifications ~~.~~ They begin t ~~o en~~ joy learning again, and over time, they can think about moving forward. Whether th ~~e~~ y are retur ~~n~~ i ~~n~~ g to mainstream school, continuing their studies at college, or entering the workforce ~~, our~~ st ~~u~~ dents have what they need to succeed.

This year, we supported:

This year, our st ~~u~~ dents achi ~~e~~ ved:

72% att ~~en~~ d ~~a~~ nce across ~~a~~ l ~~l~~ Centres

124 children total

About Red Ball ~~oo~~ n Educational Trus ~~t~~

This year, we provided:

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school
21 trips
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Red Balloon Educational Trust operates the Red Balloon of the Air provision (since Oct 2021), Red Balloon Worthing (opened Sept 2022), and RBET ~~-~~ Norfolk (opened Jan 2024). There are three other Red Balloon provisions, RB ~~-~~ Cambridg ~~e~~ , RB ~~-~~ R ~~ea~~ ding and RB ~~-~~ Norwich, which are separately registered charities and companies li ~~m~~ ited by guarantee, with the local trustees as their directors. The Red B ~~a~~ ll ~~o~~ o ~~n o~~ f the Air provision operated as a separately registered charity and company limited by guarantee until Oct 21.

20,672 1,120 lessons wellbeing sessions

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8,970+
12 clubsschool 1 residential trip homehealthy,lunches - cooked
s chool
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The Trustees’ Annual Report inc ~~or~~ po ~~rate~~ s ~~t~~ h ~~e~~ Strategic Report for the purposes of section 414C of the Companies Act 2006.

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Our locations

Our RBET headquarters, based at Willow Lodge in Milton on the outskirts of Cambridge, is home to the blended online and face ~~-~~ to ~~-~~ face provision, Red Balloon of the Air, but covering various different counties, with several face ~~-~~ to ~~-~~ face hubs ~~.~~ RBET's Central Services team is also based at Willow Lodge.

RBET also has a Learning Hub based in Danbury, supporting young people on RBAir in Essex.

In September 2022, we opened our Worthing Centre, which supports students in the West Sussex area.

In January 2024, RBET opened a new physical Centre in Norwich (RBET ~~-~~ Norfolk) to support young people across Norfolk ~~.~~

In September 2025, RBET opened a new Centre in Aylesbury to support young people across Buckinghamshire and surrounding areas ~~.~~

Opened Sept 2025

RBET Centres and Learning Hubs

Red Balloon of the Air main office

Red Balloon Educational Trust supports students across the counties highlighted above.

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Our values, ethos and practice

Red Balloon Learner Centres were created to support the recovery of children and young people who have been severely bullied, traumatised, or are experiencing high levels of anxiety, and who are currently missing out on their education.

Typically, these students have self-excluded from school and may have been out of the educational environment for extended periods, sometimes even years. As a result, they often struggle with a loss of confidence in learning, forming friendships, and trusting both adults and the education system.

The Recovery Programme developed at these Centres consists of three key components:

A robust, negotiated curriculum

• An integrated therapy and creative arts programme Opportunities for local community engagement

The breakdown of these areas is based on the learners’ needs. When they first arrive it is important to create a safe space, so therapy, community activities and the creative arts provide the opportunity to build confidence.

Students receive assistance to:

• Rebuild their self-esteem and develop as individuals Cultivate resilience and a positive self-image

• Acquire essential learning skills for success in school, further education, or the workforce

A Nurturing Environment

Step into any of our Centres, and you'll be greeted with warmth and a sense of supportive camaraderie. Here, small groups of students engage in both creative activities and serious learning. Children flourish through the three core elements of our programme—wellbeing, community, and education—which offer them holistic support. You can explore each of these components in more detail on the following pages.

Maintaining Supportive Learning Communities

To foster our nurturing learning environments, we ensure that we:

• Treat our students with respect and kindness, employing restorative approaches Listen to our students and address their concerns

• Create communities where both students and staff feel they belong and can contribute Design individualised, negotiated educational and wellbeing plans to help students achieve their goals

Blend academic study with social and emotional recovery programmes Promote creativity at all levels

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Wellbeing

Mental health and emotional wellbeing are crucial for leading a happy and healthy life. They lay the groundwork for young people to thrive.

It feels like a second home. Less pressure and conflict and people care about me.

Every young person should have access to resources that support their wellbeing and self ~~-~~ confidence ~~.~~

At Red Balloon, we put wellbeing at the heart of everything we do ~~.~~ We know that traditional school settings aren’t for everyone ~~.~~ Issues like bullying, trauma, mental health struggles and a lack of support can make mainstream education feel unwelcoming ~~.~~ That’s why we focus on the wellbeing of each student above everything else ~~.~~

We work closely with licensed therapists to help young people rebuild their confidence and find their self ~~-~~ worth again ~~.~~ This support is a key part of each student’s day ~~-~~ to ~~-~~ day life. By integrating this assistance into their daily routines, we aim to nurture their emotional healing and set them up for future success ~~.~~

We offer a variety of wellbeing activities, from non ~~-~~ competitive sports to yoga and meditation ~~.~~ These activities encourage young people to step out of their comfort zones and find new ways to connect with themselves and others.

Our mentors are essential to each young person’s journey. For those who feel too anxious to attend in ~~-~~ person sessions, mentors provide personalised support at home, helping them build the confidence and skills needed to engage with their surroundings ~~.~~ Acting as trusted allies, mentors guide young people in reaching their personal goals while supporting them throughout their education ~~.~~

We truly believe that wellbeing is the foundation of learning, growth and success ~~.~~ By putting mental health and emotional recovery first, we empower our students to face challenges head ~~-~~ on and unlock their true potential ~~.~~

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At Red Balloon, education is built around the individual ~~.~~

Education

A safe, nurturing and highly personalised learning environment where every student can grow at their own pace.

My educational needs are much more catered to than in mainstream, and if a certain learning style isn't useful it can always be adapted to fit me ~~.~~

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Many of our students have been away from learning for some time or have felt let down by previous school experiences, so we create an environment where they can rebuild trust, confidence and curiosity. Our approach is deliberately different from mainstream schooling: small groups, a varying approach and a strong focus on wellbeing sit at the heart of everything we do.

Learning might begin one ~~-~~ to ~~-~~ one, giving each student the space to settle in, be heard and work at a pace that feels right for them. As their confidence grows, they move into groups of two to no more than six ~~.~~

We know that young people learn best when subjects feel meaningful, so our teachers regularly weave students’ passions ~~—~~ whether that’s Japanese culture, astronomy, fishing, manga or animals ~~—~~ into the curriculum. By connecting personal interests to academic goals, students rediscover the joy of learning and become active participants in their own progress.

Our Centres are welcoming, informal spaces designed to feel more like home than school ~~.~~ There are no uniforms, staff are known by their first names and communal kitchens act as the social heart of each site ~~.~~ Here, students and staff share freshly cooked lunches, celebrate milestones, play games and simply talk about their day ~~—~~ moments that build community as much as confidence.

All students study core subjects such as English, maths, science, humanities and PSHEE, with additional options that vary by Centre. Beyond the classroom, a wide range of extracurricular activities ~~—~~ songwriting, coding, kayaking and more ~~—~~ helps students explore their interests and broaden their skills.

For those learning with Red Balloon of the Air, the same personalised, hands ~~-~~ on approach continues online through real ~~-~~ time, interactive lessons ~~.~~ Across every setting, our goal remains the same: to ensure each young person feels safe, valued and inspired as they grow into happy, healthy and fulfilled adults ~~.~~

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~~-~~ Social re engagement

Supporting young people to make meaningful connections and feel less alone in the world.

I’m most proud of starting to speak with a couple teachers I trust after not speaking to anyone outside of my family for a few years.

We help our young people develop their social skills, form meaningful friendships and feel confident navigating the wider world ~~.~~

Many of the children who join Red Balloon haven’t been able to engage with school for a long time, sometimes for weeks, months, and in some cases for years ~~.~~ Unfortunately, the impact reaches far beyond missed learning. Opportunities to build friendships, develop social confidence and practise everyday life skills are lost too.

Their previous experiences of school were distressing ~~.~~ Bullying, exclusion and needs going unsupported can leave lasting scars. Many arrive with very few friendships and a profound mistrust of the systems and adults around them. Situations that others might consider ordinary, such as joining a conversation, asking a question, or collaborating with peers, can feel overwhelming and impossible.

At Red Balloon, we focus on building both confidence and capability. We support young people to strengthen their communication skills, learn how to ask for help and experience being part of a positive, dependable community. Practical, real ~~-~~ world experiences are an important part of this journey. This may include learning to navigate local shops, use public transport or make phone calls independently ~~.~~

Every young person’s starting point is different, so we tailor our approach carefully ~~.~~ Progress happens step by step to ensure it is manageable and lasting ~~.~~ For some, the first milestone may simply be leaving the house and engaging in one ~~-~~ to ~~-~~ one sessions. Over time, this can grow into participating in small group lessons and social activities. Others may feel ready to contribute to planning group outings or take part in supported volunteering or work experience ~~.~~

When students are ready to move on, we help them prepare for the next stage, whether that is further education, training or employment. By rehearsing conversations, planning travel routes and identifying support networks, we can help ease the transition. Watching young people rebuild trust, form friendships and reconnect with the wider world is inspiring, and the skills and confidence they’ve gained will continue to serve them as they navigate their way towards adulthood.

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Fundraising: a year of amazing support

We couldn't do what we do without our incredible supporters who have donated money, time and expertise to keep our Centres running and help us reach more young people in need of our provision. It is thanks to them that our young people are able to turn their lives around.

A very special thanks to our supporters below

Chelmsford Young Generation David Cherry Diarmuid Ó Séaghdha The Grace Trust The Guvnors Club The Ingles Charitable Trust One Stop Community Partnership The Percy Bilton Charity Philip King Charitable Trust The Rothschild Foundation St. James’s Place Charitable Foundation William Harding’s Charity

For every £1 Red Balloon Educational Trust spent in 2024/25, 84.5p went to direct costs supporting students.

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12.4p
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We cannot operate effectively without good management and fundraising efforts.

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Supporter case study: Roffey Homes

Roffey Homes, a long‑est ablished family ~~‑~~ run developer and a proud part of the Worthing community, has been creating high‑qualit y homes along the West Sussex coast since 1960. Guided by a commitment to creating communities and giving back to the local area, they have kindly supported Red Balloon Worthing with the constr uction of an outdoor classroom ~~.~~

Supporter Roffey Homes has generously backed Red Balloon Worthing by building and fully equipping a dedicated outdoor classroom for our students.

“We heard about Red Ball oon Educational Trust through another local co mpany that we work with who were supporter s of the Worthing Centre. We like to suppor t local charities where we see a need – we dona te to the local children’s hospice among others.

our time and services to build the foundations for the classroom ~~.~~ Alongside the new garden room, we also supported improvements to the main Centre building by redecorating several existing rooms, refreshing the space and making it more welcoming to students and staff.

We got chatting with the Red Balloon team at the Centre and heard the y were hoping to get an outdoor garden room t o provide extra space ~~.~~ We really like being able t o support people with tangible assets, and this b eing a building project too fit perfectly with the type of meaningful change we like to create.

Now that the work is complete and the space is being used, we feel so happy ~~.~~ You could tell the property was being used to its maximum before, and the space constraints were making things challenging for the kids and the staff. This really resonated for us; children need to get the best possible start in life and be invested in their own futures, and expanding the space at the Centre could help provide that. The new space has already made a big difference at the Centre, and we're proud to be part of that ~~.~~ “

We supported the project in a few ways: we donated the funds to pur chase the actual outdoor classroom itself, and we also donated

The Red Balloon team do some amazing things, and Roff ey Homes are pleased to be able to contribu te in some small way to their work helping l ocal children get a fantastic and supporti ve education ~~.~~

The new outdoor classroom has been named Roffey’s Bothy in honour of their support.

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Our plans for the future

Protecting and Strengthening a Learner ~~-~~ Centred Model

Extending Access to an RBET Education

Red Balloon Educational Trust exists to ensure that children and young people for whom school has become unsafe or unmanageable are not excluded from education. Our strategic priority is to extend Red Balloon’s distinctive philosophy and practice so that more young people across the UK can benefit from environments that support recovery, learning and re ~~-~~ engagement with society.

As we grow, we remain firmly committed to quality, safeguarding and responsiveness to individual need ~~.~~ Expansion will be purposeful and carefully managed, ensuring that increased reach never compromises the integrity of our provision ~~.~~

Central to our strategy is the preservation of what makes Red Balloon different ~~.~~ Small, non ~~-~~ institutional settings, strong and consistent relationships, negotiated learning programmes and unconditional positive regard enable young people to rebuild confidence and agency ~~.~~ Our strategic direction prioritises maintaining these core principles across all settings ~~.~~ Every learner must continue to be seen as an individual, supported academically, emotionally and socially ~~.~~

Sharing Learning and Influencing Wider Practice

In addition to direct provision, Red Balloon is committed to contributing to wider understanding of how education can better serve young people who self ~~-~~ exclude from school. Through collaboration, partnership and knowledge ~~-~~ sharing, we seek to extend the reach of our philosophy beyond our own Centres.

Building a Resilient and Well ~~-~~ Governed Organisation

By sharing learning and advocating for relational, compassionate approaches, we aim to support broader change across the education sector ~~—~~ helping to create systems which support young people to rejoin mainstream education.

High ~~-~~ quality provision depends upon strong governance, clear leadership and effective organisational systems. Our strategy, therefore, places significant emphasis on organisational resilience ~~—~~ ensuring that the Trust has the structures, expertise and oversight required to deliver long ~~-~~ term impact.

A strategic and engaged Board, transparent decision ~~-~~ making and effective central services are fundamental to maintaining accountability and financial responsibility. Strengthening these foundations enables us to respond confidently to emerging challenges while remaining firmly anchored to our mission.

Looking Ahead

The experiences of this year have reinforced the importance of clarity of purpose, resilient leadership and strong governance ~~.~~ As we move forward, our focus remains firmly on extending access to a Red Balloon education without compromising the principles that make it distinctive and effective ~~.~~ To support this, we aim to recruit further Trust Board members in 2025/26.

For parents, partners and stakeholders, we offer reassurance that every decision has been guided by our commitment to young people ~~—~~ ensuring that they are not excluded from education, but supported to recover, learn and thrive ~~.~~

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Structure, governance and management Financial review Risk assesment

Structure, governance and management

Constitution

Policies adopted for the induction and training of trustees

The Charity is registered as a charitable company limited by guarantee.

The Charity is constituted under a Memorandum of Association dated 21 February 2005 and its charity registration number is 1109606.

i) All new trustees are invited to visit an existing Red Balloon Learner Centre in order to appreciate how it differs from a school and how it operates.

ii) All new trustees meet with the Chair and the Finance Director. The Chair explains the aims of the Charity.

Method of appointment or election of trustees

iii) The Chair describes the history of the founding and development of Red Balloon, defines 'bullying' with examples of the kind of treatment to which students were subjected in mainstream school and which led to them selfexcluding or becoming unable to attend. She expounds the five core principles governing the operation of the individual Learner Centres. iv) The Finance Director acquaints them with the financial basis of the Charity.

The management of the Charity is the responsibility of the trustees who are elected and co-opted under the terms of the Articles of Association. Trustees are recruited to fulfil specific roles. Interviews take place and candidates who most closely match the selection criteria are invited to attend a trustees’ meeting as an observer. No person or external body other than the trustees are entitled to appoint trustees.

v) The trustees are given the documents issued by the Charity Commission regarding the duties of trustees ("The Essential Trustee"), together with "Red Balloon - An Introduction". vi) All trustees are required to provide satisfactory DBS clearing, complete basic online PREVENT and Child Protection training, a Trustee Declaration of Interests and confirm that they are a suitable person to stand as a trustee.

vii) The induction process includes meetings with the main contact staff relevant to their specific job role and other trustees. Final election and confirmation as a trustee is carried out at a full trustees’ meeting.

Structure, governance and management

Compliance with the Code of Fundraising Practice

Pay policy

A set of pay bands has been established which define a pay range for each group of staff, taking into account level of responsibility, qualifications and experience. Key management remuneration on appointment and any subsequent changes are authorised by the trustees. An appropriate local set of pay bands has been implemented at other locations. Performance reviews take place for all staff. Key management remuneration details are included in note 10.

The Charity is registered with the Fundraising Regulator to demonstrate its commitment to transparent charity management and adhering to the Code of Fundraising Practice. Supporters have the right to know that the Charity can be trusted to be open and honest and that they will be treated with care and respect. The Charity’s fundraising promise is published on its website which explains what supporters can expect from it and what to do if they have any concerns.

The data protection statement online has been expanded so supporters can see how the Charity manages and uses their data within the General Data Protection Regulations. They are invited to change the way the Charity communicates with them at any time. Donorfy Customer Relationship Management system is used to ensure that its donor data is held appropriately and securely. This forms an integral part of achieving readiness for growth.

Fundraising standards information CA 162A

Red Balloon Educational Trust (RBET) raises some funds from the public.

I. RBET undertakes fundraising through our internal resources and we do not commission a professional fundraiser/commercial participator for these;

II. RBET is not subject to an undertaking to be bound by any voluntary scheme for regulating fundraising, or voluntary standard for fundraising in respect of activities on behalf of the charity; III. RBET monitors fundraising activities via the board reports and via fortnightly meetings; IV. RBET received no complaints during the year about activities for the purpose of fundraising; V. RBET has adopted principles of GDPR legislation and also has safeguarding policies to protect the data of vulnerable people and other members of the public from:

The Charity's fundraising activities continue to be largely focused on approaches to grantmaking bodies, but it has been developing its stewardship of individual donors, to encourage regular giving and community fundraising.

• A. Unreasonable intrusion on a person’s privacy;

• B. Unreasonable persistent approaches for the purpose of soliciting or otherwise procuring money or other property on behalf of the charity;

• C. Placing undue pressure on a person to give money or other property.

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Structure, governance and management

Structure, governance and management

Public benefit

The trustees have had regard to the Charity Commission guidance on Public Benefit. Red Balloon Learner Centres provide an 'intensive care' full-time education, mainly for children (11-18) who have been so seriously bullied or traumatised that they exclude themselves from school. There is no other purpose-made scheme to help this group of children recover and to restore them to everyday life. They are provided with a safe environment with clear boundaries for behaviour and a bespoke fulltime academic, pastoral and therapeutic programme.

According to research carried out by the National Centre for Social Research in 2011 (Estimating the Prevalence of Young People Absent from School because of Bullying), of the approximately 3.1 million 11 to 15 year olds in England, about five in one thousand, or 16,500 children, have been bullied to the point that they have left the mainstream educational system.

Experience in Red Balloon’s Learner Centres and at RBAir causes us to believe that there is a need for much wider access in the UK to provision of the kind that Red Balloon offers.

Red Balloon improves the skills and life opportunities of a group of socially isolated, anxious and ignored children. It contributes to stronger communities by identifying and addressing the problem of seriously bullied and traumatised children with the help of the community, and for the benefit of the community.

Organisational structure and decision making

i) The Charity operates from its premises at Willow Lodge in Milton, Cambridge. The Director of Education and Director of Finance and Operations oversee individuals with responsibility for the RBAir, RB-Worthing, RBET-Norfolk and RBET-Aylesbury provisions, development and fundraising, marketing and communications and finance.

ii) Day-to-day decisions are made by the Director of Education and the Director of Finance and Operations, who will refer to the Chair of Trustees, the President or another trustee for advice or guidance if necessary. iii) The Board of Trustees meets formally approximately every month, when they receive and discuss written reports from the Director of Education and Director of Finance and Operations.

iv) Major policy and project proposals are brought to the attention of the trustees by the Director of Education and Director of Finance and Operations, discussed, and decisions made are minuted and subsequently implemented. There is a schedule of matters reserved for the board.

v) At each meeting, the Chair asks the trustees to record any potential conflict of interest.

Trustees' responsibilities

The trustees (who are also Directors of Red Balloon Educational Trust for the purposes of company law) are responsible for preparing the Trustees' Annual Report (incorporating the Strategic Report) and the Financial Statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year.

Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to: select suitable accounting policies and then apply them consistently; observe the methods and principles in the Charities SORP; make judgments and accounting estimates that are reasonable and prudent; prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.

The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Disclosure of information to the auditor

Each of the persons who are trustees at the time when this Trustees' Report is approved has confirmed that so far as that trustee is aware, there is no relevant audit information of which the charitable company's auditors are unaware, and that trustee has taken all the steps that ought to have been taken as a trustee in order to be aware of any information needed by the charitable company's auditors in connection with preparing their report and to establish that the charitable company's auditors are aware of that information.

Auditor

The auditors, Price Bailey LLP, have indicated their willingness to continue in office. The designated trustees will propose a motion reappointing the auditors at a meeting of the trustees. In preparing this report, the trustees have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.

This report was approved by the trustees on 20 May 2026 and signed on their behalf by:

Caroline Herbert

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Financial review

Red Balloon Educational Trust (RBET) (‘the Charity’) operates Red Balloon’s blended online and face-to-face provision, Red Balloon of the Air (RBAir Education Activity), since Oct 21, Red Balloon Worthing (RB-W), which opened in Sept 22, and Red Balloon Educational Trust – Norfolk (RBET-N), which opened in Jan 24. Prior to Oct 21, our online provision was operated through a separately registered charity and company limited by guarantee, Red Balloon of the Air (RBAir). Red Balloon Learner Centres in Cambridge, Norwich and Reading are separately registered charities and companies limited by guarantee, with the local trustees as their directors.

On 12 October 2021, the operations, assets and liabilities of RBAir Company, except for those in relation to a lease on the Danbury property, were transferred to its parent company, Red Balloon Educational Trust. In 2022-23 the lease was transferred to RBET, and in 2023-24 the final balances were transferred from the separate company, and were included in the results for the year ended 31 Aug 24. As the RBAir company is non-trading, consolidated accounts are no longer prepared.

The Charity’s net assets increased by £628k (2024: £161k) to £3,815k (2024: £3,187k) in the year. Income for the charity increased from £3,328k in 2023-24, to £3,908k in 2024-25, due to continuing high student numbers in Worthing and RBAir, and a full year of fee income in Norfolk. Income from donations and grants dropped from £514k in 2023-24, to £266k in 2025, but there was a small increase in investment income of £13k.

Costs increased by £387k (2024: £546k) to £3,554k (2024: £3,167k) owing to expenditure on the new Aylesbury Centre and the Milton property, as well as an increase of £264k in staff costs across the organisation (2024: £337k). There was an increase in support costs of £91k (2024: £19k) due to increased staffing and professional costs across the trust, partially offset by a £22k reduction (2024: £8k increase) in bursaries awarded.

Investment policy and performance

During 2023-24, surplus funds were split between CAF Bank savings accounts and the CCLA COIF Charities Deposit Fund. The CAF Bank Savings accounts were paying interest at the end of the financial year of approximately 1.75% pa (2024: 2.5% pa), and the CCLA COIF Charities Deposit Fund was yielding a return of approximately 4.06% (2024: 4.99%). The COIF Charities Deposit Fund, categorised as a shortterm Low Volatility Net Asset Value Money Market Fund, was opened with CCLA in October 2023. There is no minimum holding period and it allows for withdrawals on any business day without having to pay a penalty. The trustees believe splitting surplus funds between the CAF Bank savings account, currently paying interest at 1.55% pa and the CCLA COIF Charities Deposit Fund, currently paying interest at approximately 3.72% pa, appropriately balances the need for ready access, good security and investment return.

Going concern

Student numbers were maintained at a similar level to previous years in Worthing and RBAir, and the new Norfolk centre was at full capacity for the year. The new Centre in Aylesbury opened in September 2025 with 12 students, and is expected to grow to full capacity by September 2026.

Following a detailed review of the Company’s forecasts and projections, the trustees have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt a going concern basis in preparing the financial statements. There were no significant events affecting the Charity’s financial position during the year and the Charity's financial position at the end of the reporting period remained stable.

Reserves policy

The trustees aim to keep reserves in line with Charity Commission guidance, and having assessed the various risks to the Charity, believe it appropriate to maintain a minimum level of free reserves at three to six months of the forecasted future annual operating costs. Free reserves are calculated as unrestricted reserves less fixed assets excluding fixed asset investments, net of mortgages. At 31 August 2025, the Charity held free reserves of £2,370k (2024: £1,235k), equating to around 6.9 months (2024: 4.0 months), operating costs. The trustees of the Charity will review its reserves policy and continue to closely monitor the reserves position in the forthcoming year. Monies donated for a specific purpose are held as restricted reserves and separately tracked and accounted for (see financial statements and accompanying notes).

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Administrative details of the charity, its trustees and advisors

Charity registration number 1109606

Company registration 05385341 number

Dr Carrie M H Herbert, Chair (from 21 August 2023) & President Revd Prof Michael J Reiss Ms Ruth Loshak (appointed 22 August 2023) Ms Jennifer R Raine (resigned 11 November 2024) Mrs Janet Scotcher (appointed 30 April 2024, resigned 11 November 2024) Mr Ralph Burditt (appointed 30 April 2025) Dr Martin Ruehl (appointed 17 June 2025)

Trustees and Directors

Risk assessment

The trustees have assessed the major risks to which the Charity is exposed, and are satisfied that the appropriate actions, policies and procedures are in place to mitigate, but not totally eliminate, the exposure to the major risks. These are described below:

Major risks, and impact Mitigating actions and responses

Taster day for potential students to experience Red Balloon and agree to its operating principles.

Inadequate service provision – students do not make expected progress and are unable to return to mainstream education or training.

Individually negotiated curriculum for each student, and proper assessment of their needs.

Recruitment of high-quality staff and counsellors who embrace Red Balloon’s way of operating.

Regular assessment of student’s holistic progress; student feedback and discussion; adaptation of curriculum and approach as needed. Trainin g for staff to kee p u p to date with sub j ect material and re g ulations.

Management will ensure staff members are conversant and compliant with safeguarding policies, and ensure their training is up-to-date. Appropriate de-escalation procedures are in place in the event of an incident.

Student safeguarding – students harmed or self-harming.

Health & safety risk assessment policies up-to-date and inspections carried out at appropriate intervals. Central monitorin g of com p liance at Learner Centres and RBAir.

Executive Officer Executive Head: Mr Jason Lewis (appointed 9 December 2024, left 7 May 2025)

Company Secretary Dr Carrie M H Herbert

Principal/Registered office

Willow Lodge 37 High Street Milton Cambridge CB24 6DF

Independent auditors Price Bailey LLP Chartered Accountants & Statutory Auditors Tennyson House Cambridge Business Park Cambridge CB4 0WZ

Bankers

CAF Bank Ltd 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ

Changes in government policy or regulation – adverse inspections of Learner Centres, and ability to deliver online provision through RBAir.

Financial insolvency – inadequate funding to cover expenditure

Cyber Security - resulting in a safeguarding risk, data breach (also see below), failure to conform to regulation

Loss of IT data and/or access to central systems – resulting in confidential data loss and/or operational disruption including online provision.

Mon i tor i ng o f c h anges i n regu l at i on, po li c i es an d approac h w i t h government departments, regulators, commissioners and inspectorates, and adjusting Red Balloon policies, processes and provision as required. Monitoring the status of RBAir, and managing its online provision in line with all applicable regulations.

Engagement with educators on support for bullied, traumatised or highly anxious children.

F ocuse d f un d ra i s i ng b y a d e di ca t e d d eve l opmen t t eam; se tti ng f ees a t an appropriate level; marketing of Red Balloon services to ensure an adequate pipeline of students. Proper budgeting and efficient cost management. Monitorin g cash balances with an a pp ro p riate level of reserves on hand.

Implementation of IT strategy that ensures compliance, ensuring hardware and software purchases can be centrally supervised. Training to ensure compliance with revised IT strategy.

Improved multi-factor authentication procedures. Compliance with Government-backed “Cyber Essentials” framework as of October 2024.

Ensuring software and virus protection on devices are up-to-date, as well as restricted physical access.

Appropriate password protection maintained and offsite/cloud backup in line with IT policies.

Confidential personal information is identified and encrypted. A second and distinct data line maintained for RBAir.

Practices reviewed and updated in line with “Cyber Essentials” requirements.

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Auditor's report and financial statements for the ended year 31 August 2025

Independent Auditor’s Report to the Members of Red Balloon Educational Trust

Opinion

We have audited the financial statements of Red Balloon Educational Trust (the ‘charitable company’) for the year ended 31 August 2025 which comprise the Statement of Financial Activities incorporating Income and Expenditure Account, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

• give a true and fair view of the state of the charitable company’s affairs as at 31 August 2025, and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;

Independent Auditor’s Report to the Members of Red Balloon Educational Trust

Other information

The other information comprises the information included in the Trustees' Annual Report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

• have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

• have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees’ use of going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relation to events or conditions that, individually or collectively, may cast significant doubt on the charitable company’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern and described in the relevant sections of this report.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

• the information given in the Trustees' Report, (incorporating the strategic report and the Directors’ report) for the financial year for which the financial statements are prepared is consistent with the financial statements; and

• the strategic report and the Directors’ report included within the Trustees' Report has been prepared in accordance with applicable legal requirements

Matters on which we are required to report by exception

In the light of our knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or the Directors’ report included within the Trustees’ Report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 require us to report to you if, in our opinion:

• adequate and sufficient accounting records have not been kept by the charitable company, or returns adequate for our audit have not been received from branches not visited by us; or

• the charitable company’s financial statements are not in agreement with the accounting records and returns; or

• certain disclosures of directors’ remuneration specified by law are not made; or we have not received all the information and explanations we require for our audit; or

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Independent Auditor’s Report to the Members of Red Balloon Educational Trust

Responsibilities of trustees

As explained more fully in the trustees’ responsibilities statement set out on page 29, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws ad regulations. We design procedures in line with our responsibilities outlined above, to detect material misstatement in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We gained an understanding of the legal and regulatory framework applicable to the charitable company and how it operates and considered the risk of the charitable company not complying with the applicable laws and regulations including fraud in particular those that could have a material impact on the financial statements. This included those regulations directly related to the financial statements. This included employment law, financial reporting and heath & safety.

• We reviewed systems and procedures to identify potential areas of management override risk. In particular, we carried out testing of journal entries and other adjustments for appropriateness, We reviewed accounting policies for evidence of management bias and ensured that the accounting policies were correctly applied to the financial statements.

• We reviewed minutes of Trustee Board meetings, any correspondence with the Charity Commission and reviewed the procedures in place for the reporting of any incidents to the Trustee Board including serious incident reporting of these matters as necessary with the Charity Commission. We agreed the financial statement disclosures to underlying supporting documentation, made enquiries of management and officers of the charitable company regarding laws and regulations applicable to the organisation and discussed whether there had been any known breaches of laws and regulations in order to consider any possible further considerations or impact upon the Charity. We reviewed the risk management processes and procedures including a review of the Board assurance reporting.

Independent Auditor’s Report to the Members of Red Balloon Educational Trust

Auditor responsibilities for the audit of the financial statements (continued)

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulations. The risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

Use of our report

This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

Shaun Jordan ACA (Senior Statutory Auditor)

for and on behalf of

PRICE BAILEY LLP

Chartered Accountants Statutory Auditors�������� Tennyson House Cambridge Business Park Cambridge CB4 0WZ

Date: 22 May 2026

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RED BALLOON EDUCATIONAL TRUST (a company limited by guarantee) REGISTERED COMPANY NUMBER: 05385341

RED BALLOON EDUCATIONAL TRUST (a company limited by guarantee) STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 AUGUST 2025

BALANCE SHEET AS AT 31 AUGUST 2025

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RED BALLOON EDUCATIONAL TRUST (a company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

RED BALLOON EDUCATIONAL TRUST (a company limited by guarantee) REGISTERED COMPANY NUMBER: 05385341 STATEMENT OF CASH FLOWS AS AT 31 AUGUST 2025

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RED BALLOON EDUCATIONAL TRUST (a company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

RED BALLOON EDUCATIONAL TRUST

(a company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

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RED BALLOON EDUCATIONAL TRUST

RED BALLOON EDUCATIONAL TRUST (a company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

(a company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

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RED BALLOON EDUCATIONAL TRUST

RED BALLOON EDUCATIONAL TRUST

(a company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

(a company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

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RED BALLOON EDUCATIONAL TRUST

RED BALLOON EDUCATIONAL TRUST

(a company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

(a company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

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RED BALLOON EDUCATIONAL TRUST

RED BALLOON EDUCATIONAL TRUST

(a company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

(a company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

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RED BALLOON EDUCATIONAL TRUST

(a company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

RED BALLOON EDUCATIONAL TRUST (a company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

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RED BALLOON EDUCATIONAL TRUST (a company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

RED BALLOON EDUCATIONAL TRUST (a company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

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RED BALLOON EDUCATIONAL TRUST

RED BALLOON EDUCATIONAL TRUST

(a company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

(a company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

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RED BALLOON EDUCATIONAL TRUST

(a company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

RED BALLOON EDUCATIONAL TRUST (a company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

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RED BALLOON EDUCATIONAL TRUST

(a company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

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Red Balloon Educational Trust (a company limited by guarantee)

Annual Report and Financial Statements for the year ended 31 August 2025

Registration No. 05385341 (England and Wales) Charity No. 1109606

@RedBalloonEdu @RedBalloonEducation

www.redballoonlearner.org

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