Charity registratr*n nurnbBr 1117092 {ErwJland arKI Wales) Comparby reswstration number OS664446 RED BALLOON - NORWICH ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
RED BALLOON - NORWICH LEGAL AND ADMINISTRATIVE INFORMATION Truste8s E L clleY JTryDwn A D8bFI S F R9ward B Crane (Appinted 6 Novetnber 2024} IApFrf*nt8d 1 Odotw 20241 IApwMnted 29 May 20251 (Aprrtxnted 2 Febtuary 20261 harity number (EngIar Wlalesl 1117092 Company number 05664446 Rogistored offi¢¢ 289 Wton Road NR3 2PW Audiior SurrwAuditw Limi18d 15 PaLxe Stteei NQRWICH unit NR3 1RT
RED BALLOON - NORWICH CONTENTS Pa9e Tru5tees' rEPUrt StatetnentLI trustees. respS11eS Independent auditc¢s rer Statern8ntd fInarAal acbvities 10 Aalance sheet Staternentd(x5h fiovJ5 12 NDtes to thB farKla1 atset 13-23
RED BALLOON - NORWICH TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 AUGUST 2025 The trustees wesenl Ikpir annual atKI Inala1 f]heYeared 31 Augu612025. firh8nciel slolem¢nts hevc b¢en prcwred in xOYd¢ewth occounbry OKies xt wt in notc 1 to ihe fin?nciol StslemenLs and cornFAy wiln the charivs y)v¢rnirMJ (kxbwl. l-& 2QK16. FRS '02"T Fin¥¢1 Reporting Standard apiCable In the UK and ReputArcf IrdaTht' 1 the Chrn SORP"AcrA)untiry and Reputing bycharibes." Statcment of Rttcthmended Piadte apl4)le to thatÉs piepa[M thti" attniS In wrdantÉ wrth Finanu Repon¥ Siandatd appli¢a¥e in Ihe UKJ R8rwNicol Iweland IFRS 1021-. Objedives and a¢ti¥th"es ABOUT RED BALLOC4N- NORYIICH Red Balloor- Nowcry CaleS a nurhjriry erOnrr1fr Stents aged 11-16 who Canr thrwe a mainstream ényiroDmenl. The schrA exists to re-trtjI t$t torfKlÈft, sklL% and kTthbledge itrwou9h a proporboned tAwd wellbeing. aDd ¥QGaliDnal adiwbes. Rod Ballo)r a saf8, suFwIi8Wj nrni9 envmThreni fcrf40 ycwrg peorle from Nthlolk and the surrwndirvJ cwnbes. Our cenbe is Monday to FrKky frn g.tthrn to 15.3(1)m duriry term lire. and students attend full-time. All students ai Red Norw¢h hay8 * EHCP (Edacaith) Heallh C& Flanl through thwrtrtv)nal po$v& regard. rJJrriculum seqUencg a[ a naralive appr(wth 5tudentsare ablE lo re-c[ wlh edu(xtion. OBJECTS To prowdÈ a nurturing and supptrtNe kniryJ enVYMe fot SILMnisW 11-16 wilh orwrthoul * Educn. Health and Care Plan have 5ufferwJ elYalI swJnrfiLwI tsautnalD EX1 ihFy unatle lo axe55 mainstrpan eoutsiK¥). To offer a tsilored trAend of acadetnic. V(Kati(na atKI welbeing terVen to eTwre each stulent can attend school tpgularty. arcessa fijll pdLKZtK>n atKJ wake a W)live carpeTtransitim P05t 16 On1hPY leavp Rpd Balix>Tr NorwKth. VALUES Wellbeing Mental health emlon artressenbal lo a Wpy ènd hÈaltty indMdLO1. ThÈ of our men1 health also forrns the lod817$ Io 8n8 trnve ano $L Tvoughout thoirtimc SludntS ot R¢¢ NorCh arc to a(rcs5 int¢ IyJnsd1ing 5UlWrt as part of their limelable. We use nlegrative (ounsellitvJ so we canoffer a rarpje of theraFeLtK approaches induding CBT. Soluti focuspd and d1[j and talking Ilwy lo hplprerrK)ve bariet5 to kniTvJ ar Ve1Up strategies forthpir enlffied SLPPCrt reds whth onen Inesse¥e anety. AIW wronttto e counsellin9 majcffj of skaft are also trdined in Level 2 F4lental Heth Firsl kn so Ment4 heth SupwrlrwThaS4t1h8 wtre of ourthob sctw)ol appro1 to nPvIng w1lhp.g InrAII Acadernic Red 8allfy)r- Norw¢Tr undersi¥rKI eal)n is exams. ar ils rK)I cw-fils-all. Ttrt Scho works ndera nepliated curriculum. knere the student as a say irbwhatthey .. b leam. sowe fwid an approach IfAt enab5 them to learn SUCSSfUll% a'e£ tnolivated to 3ferKI. slll evsurng thp stalbtoryeduralion requIreentS are met. Our students comè to us at varKMJs levels of aknlity. JpEKKi them n gel bon track and Ve1 wth Ih8ir peers. 50 theyleel confident and then bmB wilh us lo an 8. We have also oeveloped 2 strong Vocat31 offerin9 lor Ihal str to In in the tra*th)nal ¥Yay.
RED BALLOON - NORWICH
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
Soclal Engagement
Red Ballwr- Now¢n Is W11 aro lowsed Ino 6 stvdenis rda$s)¥n9StYWts feel part of ihe
conmuDity. Our Stud1$ have oftey had ymi1arexper1en 60 thwp"5 an Innale ot UnrSr and acceplarKe
81ready. our irydustve almospre makes sure eveTrMe led5 waled. We seek ro engage StentS in comfflunities that
ar8 both supwrtlV8 detnanditu. so they utKJe%13fKI ipe Ydup and realibes of CoMunihes we exp8rienc
1hroUgh.. lrfe. We bdEve it'5 Implant that students belong 10 therclInj. aDd Ihal IW Ponsibl11Y foriheir
contributn to that cmU8d up)Ith the oythe thr comfwnty rr¢ners.
How do we dèlivér?
Skils For Lifo
Al Red Bdlow Norwich. we're passi8 attyJtequioW YOU the sklls Ihey neeil fty a ¢onfidenL
lendent bjture Our program Inciuoes ti¢¥I lrfe $IL Wch 8s<£Y¢i19. bud9eM9. travel ffainwl9, ano
support., all designe(t to p'ere sty¢Jenls lor a(luN lile. Thrw3tr wrnbrfuriro apprwh. slLKlw'.s we sutvortwj lo ovwcomg
znxieties arour sch(X. lId new Inendships. repar sustan relaSh>S and extAue new en7r0nnts. itKluding
work placements Every Sludeni also has actrssto ¢yJr leY[Ne
cvuwlbr. orfng a listsn1 e¥rand ¥ pnge ofcwingstraitrgies ¥urpxi on thewjtyJwy to gjccess.
Aeadernlc
Red B¥lltrJr Ntywth cifets Ihe fvll of GCSE ctye yJbJerts klats. ErwJh"sh Lan9U8ge. Er¥lt8h Liteture. combintyj
SrJ8nce. Biology. An, Humar¥l and C
RED BALLOON - NORWICH TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 A¢hiw•m¢nts and porfwm0 AverneI end p¢rfvmence 81 Fled BalwTh. klwich IS fnewjred tytr¢ iruetrac in soK<steem confidence of¢gch udeni. in their ability b ho Iheii o¥kil In Ihe wold. in thevnde&nding of themswves and otyers at)Y In Ihwr recovery ar retum to rnainslrearn orfure(luCakn employL Trys year 202412025 has ontr of pwFs5 and al Red 8al(w Tr4)rY YthEre we SUPFQtted 52 learn$18 wp.rp. AtrpDrfDQ m a -llP. rtiiHlrrJl rAnV.11 at w. É¥vp.g Thi%wA% Ir.$. fl 26 &?PJ. frnm 2nz.312n24 where 41 students We supported At gwen wni w&$ the PAN ¢f40 fyi roll exceeded) Reftecbve ofour groN•th the 1 also saw increase in staM number5 IriHn 24 10 32 deaty keeFxtytO Our slaff iabosto etisure all students retENed the best beswke ln1etvenli a nurfuritvj leaming e[OTNeI. rerrtl ofsar GCSE re1 shTh¥ed ContinL1 succe&s acnjss tre cunicvlum forourstUdts and Year 11 3Ver$. of (xjrcohortof 12 X Year 11 students 2fj24r2025 (Njt of 35 GCSE exaffts Sal Ihere were 15 x GC8E's grades 5-8143%). 22 x GCSE'S glades 4 and atThe173%1. 9112 students Sal FUtnal Ski115 E2-L2 lindud1 entry sCTe)= 75% pass lo of tjl Ye¥ 11 kavets a¢heved Ihèir quaIrfKls leoul ftrtrtirrxl desbnions and 83.3% sux$ssfulty sustained are yogresshng in Iheir (jfystsnal(. Slutlents a"e nwwly resiwe(J kn tsking more thanfiv8 subJeLts any ye8r, because m3ny of ly) arrivkig ai Re: Bal hake rrissed years ofeducation and in some cases 40% oftxnetailes as a tranSln rneasure can be l(XXed an vixztionJ 8nd p81devekJ[Mett0 prornole en9agetnenL Overall atteThdan fr..he year 2ffd412W2Sw8s 78% was 8% inuea8e on Ihe 202312024 ¥ademr year. r attendance wlh(xrt sludents wrth perslent absenteeism arKI ofnon-statukry s(kn' age was 82 5% an Crease or 6.5'A on Ihe 202312024 academic year. Trys tMlnuÈs to (km(Ntstra * ImwDvernÈni and remains a wjsitivè outs¢)k for those 51uden15 wFvJs8 ental healih. tsy lo u5. PDwfdh9 eMtotwJBd pwvjds a%Yay ftDfft edLralvJn. r Pupl Piefflium Grenl u8etJ to remove Sor of lie Trw)8t barrS lo leaining- proi'idiry tsrg¢led acadetni support across core subpcts. irnplowry atteancE ¥&4 the use of aierrative WOViSion. trips and visrf5 and loeypand Ihe cultural cap31 of students Witlin thEyrcAwntnunities. tside of da5swrn tsli¥ery. our Mpleted lasw whch have f¢vrned part oftheir posi 16 dèstinations and have bLift Confnc0VQra numbÈrol montrs whth has I to deStat)S On again forth 202412025 aca(lemic year with one stl NEET Inol in emFAoyTnenl edtn and furthertrainingl. Tre school has Iso c¢ntind to iwest in 8ft devdopnvii Ihrw attess 10 tr&nin9. k8deN%hip and managgm8nL IOSH Health and Safety and Sp8oaiisl SEN Thing Assi$lanl Lovel 5 quaIrf8s Tw¢ mberS of st8ff 3re also regtered tor klaslers r5es. The sNces5 n a(VIng our airris ran b8 atknbjted krge m&asuB to th8 tstarlIng ieachifv atvj supportgrfftn by thB dèdicated $ff. FUNORAISING TTrp CarrA Concert ftr Red Balk¥)n N7ch In DÈcembÈ" 2024 ratsed £546.95 is td agn r Dets8[ £025.
RED BALLOON - NORWICH TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Financial rvi•w Dunng th8 year ended 31 Awusl 2025 inc(mlg S(mIr totalt1.366.l2024.. £986.201lwith total resources xpendpd of £1.d18,38812024." 1872.9171. Totsl receiptsoTr fund5 vieTB t1.329.870. of Itadjig itw>Jtne tirta1ing £1,319.73312024. £929,867) represented fees receNed la fund tre e(Lcalion ofthose StentS wttiLsl oulsith maifjstream educati Staff number5 have been keplalvwed to Ihe wmberofsludenis. IrKx¥ne and eNpen5eswpfft broadly in linewth expeBlation. Try2 TSlee5 rnanage and rpvipw tre bLgeta1 eth Trustee's eling and ¥wxk the of Centre to en5we thai $ts aieeoniroled. Tolal fvnds hekl by Red at yearended 31 202st0t [522.794. Ofthh £19,63Swere restricted. ReseNe Policy 11 is Ihe policy of Red R91knfy) Nwch to m8intsil ai kasl three •18 reseTresor £150.LY)O td¢hev¥ Is the greater Wehave tocooe, sal¥es n It evenlol late few payment and we Ik8 to be t$pa foi a In studenl numb8 atthe beginiing ol the aradernic )ear-our 15 to hd? our studts badt wwever ot1[ student5 are wtth us for rernaityw dUrm ollkirsetoThlary edLtstiOn. Structur&, govem•nc• artd man¥g•m•ill chanty Is a c(Knpany limited try gknaranlee atKI as does have share cawl. Ih& (x)ttyarry is also 8 wiStefft1 charity. GhtY nurnber is 1117(YJ2 Tre trustees, a the dire(atrs trt pur(se of Company kn. and wvtyjdurirg the ye8rarJ up 10 the dattr of signatuieol the firwu staiemwis weie_' B Andge E L cu1Y M Blyth P D Boland JTCWn A Dabin W Klarshall S F Ridg&Vlard ZCR0e R G Walker B Cran8 O Oension (Arvitnled 6 November 2024 and resigned 1 January 20261 IArvynted 6 November 20241 {AFvMnted 1 Oct(tht 20241 IAwxxnted 1 (kt(kn2024 reSned 14 JLdy 20251 lAWAnted 6 November 2024 and resigned 1 JanuBry 20261 IResgnee 10 March 2025 {AWxnled 29 May 23251 IApyxnled 2 Fetxuary 20261 None ol the truse$ )y benefKial intwesi li co)wny. Al ofthe are MbW$0r o)mpany and ouarantee to conlnWte £1 In the£t ora inding up. Organisational sIrU¢r• Governance of the Centre T Board ofTnJsts8s. In ¢(X)SL418Ny) HeJ of Cenire. makes deogts)s atx)ul siaffity, bu(Wrw. and p8rforman( STAFFING Mark Anderson. Fkad ofcenwe. has been in kK61 Sirte ALgUSI 207J aTh1 has ¢onbnued ro developa #rory team has m¥de po&bve impart YOSS the ¢eni.
RED BALLOON - NORWICH TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Local fundra151ng Trusl•es aim lo r?ise'un(ts. tly. lo be lo wh8rKe the pW$K$ we offw, lo buy resww. wuipmenl. covw the cost ol e5swIBI rep?ir and replacement. etc." lJnds are a150 Lwd to bJtKI unlue students. Raising awarenv Trustees ¢ontin io raise lo¢¥J putA¢ aw8rvess olthe e$ 0fthireTr have beentYaum8tiseJ fwhatever reason le.g faTruly iKeakdo¥¥n. bweavwenl. rape. etcllhal Y can1 for tIE beiw attend tna nslwm 8chg01. The airn is lo draw attention lo the facllhal such thildren sh(x1 be with a way lo reo)ver thrIpalIh and full-lyne edut. Red Balkn(- Ni)rwich offer5 this servi. T trustees have idewfied rnain area of¢0ern ¢apa( t¢able wove ourseNice lo voluwE of youry peope Ihal requre the suptKKt thatlhe Centre ollers. Ip 2013. Red Balloon Notwth was added to NorfrAk CW Lh1 Touch as a PT0Ver ot Day EducatiDn Services Norfo k County CtyJncil Issueé a fur.her In) ItsTeer in January 11. ¢sKxinse w8$ attepied in Marth 2017 and our new Contract extends fora tc4ling live years. a WM. ry¥)s'.W[ slbd&nL% are direrjy fundad by the Local Authority. f>Jnro the 202412025 fInancJ tar. we began stLnts frDm SuffcAkCounty Cowril on a spot plment basLS. Norfolk and Suffolk thnly n¢11 fijnded all full bme students KshentS aitendity Red BalkJon- Notwich lall ofwhi¢h haye sn EdlI)n. He8th C¥8 Pbnl A rumtw of$ents aL%o diliw81 fLmding for 110 1 taa¢hing and arnI suppor. lo Supp their trdngAJon into Ihe core offer. 8 sludeits also access1 dual roll proVTh on a part-ti basis mI[s5ed by rnanstream sckKxA5Y4here Red Bal.1 NOlth werp the subsdiary {Kow(. r£apaGltY has increased IhrDugh Ihe bler use of aNernalNe [KovisK atHJ oYlinp arfUr where appropriate tsupporbn9 students rwy. ¥ble to attend the certt s..rawl 8c¢ess a and b8lan¢ed cuniculum Red BalloorFNowch negotwlos ts cwrKubm ith. WKI the S131. psychokngic¥ tlberapeulr of. these ywng peop. The mailty Lrf our referrdk e¥la the LoLa Aullyjrity SENPAG adm5 kyocess. PkcefflentskKwJng Feopkp w have been ¢su11ed can be atyeed by ltrt LiyA ¢Ontt tt èdNMsgons r)ee$S Red Balb)rkn- NOh 8re slill open to receiving students who are ¢YrecUy funde(I by nwr¢tream prste y via pwents or a case by case basls Auditor In aets)rdartt yrilh thectsmpèns8lCIes. a rest FrOr1 lhatMer Limrted reapprAnt&l as auditor of company be putata Geral Meebng. 11 h35 tken a yearof skbi&ty txilh 513ttatKJ tru51ee& thp L¥yan15aliw 15 rK)w In a ptiVe and Slab W5On lo ILx>k forward at new r4)wrtunilS ThÈ board wll be parry a 3 year SttyÈg WIS will Shared wth StèkÈfr¢A(rs in arfy 2026. We have a Staff by a eweriGj lewkt3hp leaTD. arwj uur bjatd gfiru51ees holds a we rangp cf sknlls andknowdge, whkth continues lo ertsure a approxh atboad le¥d. I rAace my tronks an C2rd to all our aff felow Itee$ the1rcontin de(Jic*N ayd over theac&eM year. TrÈ trustees. repirtwas approved bythe BDard 01Trees. E L Culley Trustee 28 May 2026
RED BALLOON - NORWICH STATEMENT OF TRUSTEES. RESPONSIBIUTIES FOR THE YEAR ENDED 31 AUGUST 2025 The trustees, wtK) are asD the direLx5 of Red Balthi. N(vch fthe pUrL law. at& t95pots18 for prEpanTh9- Trustees. Report 2nd tr fir1¢ SlatelS In accor wth ap12 lav4 aThJ Uniteé Kin9dom Accounlin9 Standards lun1 GBneraly Accepted ACC(ntIng p11¢•). Company requires the ISteeS lo plere fn3ncal staleThents finan(Jal year%¥hth 9ive a true lair wew of Ihe 51alp of afairs of ITe chanty and of ihe TE50Lwces and of reIrt$, including the irFCOrn ènd expendiwre, of the ¢hwitabk ¢crfnpanyfor IW year. In wep¥ing these finar¢1 $tements. th8 are reqwred ts) - select suitable 0Until¥j atKI then awty therTr wnsisienly. -rA)SÈTVÈ IhÈ melhtJsand In Cati¢S SORP." - kejUdMenl5 snd esknrnaie51FHI reasotth and prL¥J8nL" - stale whether applicab UKAccountirvJ Slahlarts ha been folkyld. Sub to any rnatenal departures di£c105ed and explained In the financol stslements". ar - Nepare the financial slatements on Ihe go basis unless il is to presum8 Ihat the charity Mll continue in operalion. trustees are resnb for a(lequale aA)untiJ rec5 thardOSeth rea)nable al any bme the finartyal P11 of thè tharity pf&bl@ ThrÈ Ihat th8 [nar tompty 1 the CompM8g Act 2LNb. TTr2y also reswnsible for safe4u3r(ng the assets oflnE cJ• ar#1 frn lortaTrY Teasonable 5tep5 for Ihe prevent 8nd deie¢tion ¢f fr8ud and itre9u181ileS
RED BALLOON - NORWICH INDEPENDENT AUDITOlfS REPORT TO THE TRUSTEES OF RED BALLOON _ NORWICH lon We have aLKJrted the fillanCl Slatemenls of Red Balwn- Ithe'charity'lfor the year end2d 31 Aust 25 whh cornpriso th& statBrnon" of financ1 actvibos. b&lancg Stat8[[o[CaStt fiDWS and nutos tD thB financ1 statetnÈnts, including sgnffjrant accounting tyAKie5. The finaryaai fr¥rpw¢Mk that has been applEd In Ihpir pr8p3ralv)n 15 law Unrfgj s[jardS. IDL4Jding Fitkino4 RBPQttsng Siandard 102 The Finanal Reporting siantsrd apptsIe in the UK afidReW (Untec lQry(k)m GenerallyAccepled AccDuntirvJ pre). In r0EK, the StalPts". give a true and fair vi&Y ol the state ot ettritaLe ujrnpanls atrdirs as * 31 August 2D25 and of its InLxJrning resour5 and apa(r d re)Ur for tt year £ed". have bew pr(pY prepaw in acc(KiJarKe ¥Ath Unw Kirod¢Mn Gervally Arreptl knunlw Pract.. have been in anCe %Yith thfy requywnentsoflhe cpan Act 2( asis lor opinion We conducted our aud In acrd lThternaih)n31Slandard5 Auditiw IUKI IISA5 IUKlland app&ratrle13w. Our resFx>wblibes dr those slarKlards are futyw denbeC in tye A¢01Sre4J(lwhs forlheaijthtoflhe linancial sraleffienls sethon ofixjr rewt. We are ient otthe charty in accordynce ith the eknKxI reqre12? that are relevant lo art ofthp financial slateTnents In tre UK. irIj9thB FRC'S Elh31 Slandard. and WÈ have fufilled other tTh¢a responsiblilS in attordan¢8 wlh t$6 requirements. W• Ihal Ihtr audil evidenc6 sv& havoobiaind is SUfficnt arKI appropn2-.e to provide a bas tor ¢wropinn. Con¢luslons relolSng to golng ¢on¢em Ir audng the financial statements. ¥ve have ded that trustees, use oflhe go1r0rn basis of in Ihe pr¶iM)n of the finartiai Stslempni8 approwale. Based on we have perfrymed. We hlentified any materi4 Uta rtirvJ to evg7ts CK conditic$ th8t. ¢tiwduJly or cdlpcliv6qy, Thay CJFI svJDifKanl doubl the ctwty's atslty tt> Cbe as a gJin9 Tr¢P[n a pprw)O of leastlwdveThonlhs Irorn when the financ1 staierrb2nts are authoriSl tor Issue. OJr [pspanbI18s the rF5P0[blI1leS ol thp trustee5 with ID g(¥TrJ Co[r deKbal in the t8lpvanl sections of th15 reput. other Information TTre other lrforfflaln (x)mwI Inf0rrTrHt indLMled in anrwal reFx)riother than the financi41 statsments and our audilofs report Ihereon. The trustee5 are resPSIte forlhe otrer infrxtnatim taed ittn thp annual ieport. winiDn Om the finaThJal statements the$ ml ctrr otrw info'ma".KJ and ¢0 noiexpress anyfomi of Urance ts)n¢lus Ihweon Oui responsibility Is 10 read the othty- iplmb(m wd. in dty-g $0, c¢nsidervJhethe the olh¥ Informalhw Is mateiially IrSIstenI with ts financial statts or knedqe DbtE4ned in the knr5e olthe audit. or othEYWi5e appears to be materially misslaw If ¥¥e Kknf.ify sh Matla irws ste-wor arvarenl Matla1 fflisslatemen15, we ar8 required lo determine whetherlhisgwe5 to a matenal rDi5stalernenl in the slalem2nls thetnsdves. If, based on the WO we h8ve pertorffd. * dvdeth8lthe is E m8ien81 ttissemer¢ ofthÉ infryrnètitr), we 8re required 10 port that fact. We have ndhing to report In th regdrd. Alatter6 on which we awv wued to repL¥t by eXClL We have ndhing lo report In reycl of the Iclb)wTrJ malers in latI?n tothk Charites lAcnts or Rep)rtsl RegUlatnS 2D08 18qures us to rewrtto if. in Our (ywn.. )e infomiabon gven In the financial $tsten)ts IS any m*iai respect witt) the trustees, rep". sufficEnt accounbry recoi4Ys have not kept.. the f3ncjal StateentS are in ag[nent wthlhe XX)Un[wJ rp(xKds" o" we have not receNed ail the1nf(Thakn and explatIonSE wuiretorour aud
RED BALLOON - NORWICH INDEPENDENT AUDITOlfS REPORT (CONTINUED TO THE TRUSTEES OF RED BALLOON _ NORWICH RosprJnsiblitio$ of trust¢•s A5 exrAained ful y Ir the State1 of Iruslees. rEs[lties. thettustee5. are aso the d 18Ctors ofthe chanty for th& purpusg of COTpany1sw. aro tho FrQP3rdln ofthB fnanEia statGrngnts arKI for bBing satisfigd thal Ihoy give a te fa r VEW, and ftrsuth inlptna as the trustes delerTnine 15 [$Sary to eftab the prep3ralion of finaTrc4al sta1151l arE r'ee frotn 55late1. whFI er due lo fra orettcr. In ptppanng tre financial ststements, the trustees are reswsible fo. assess ry Ip£ charitys alItyt0 lIn2 as a gcAng concern. dIscry. as apiCats, rnattets rdaled lo grfn9 Conc uswg the cOnrn bassofaccwnlrg Ue5sthe Irusteesether intend to Iv4uidate Ihe chartlable c£vnpany orto cease LW8'atiDns. or have w reah5tK amernative bul to do 50 Audilofs respoThsibilllies for the aLKliiof the financial slaternerts We have bn appointed as audiltt under 144 oltre ChariDes AL1 2011 and rerth in accordan the Ad and rele¥ant regulalKJns made bwng effect IbereuThler. rob18cli are to obtain rea$ata$suCe abwl wfthefthe $eMen1$ asa wh¢48 afe tr fnm matsdal misstalerrETrt, whetherdue-.ofraud or error. and lo issue an alIaS reFth tw IESr opi•ion Reasonab assuran a high level orassan but mt a gUartee lha( alI..£0Pd1ed ir acconlanTr xryth ISAS IUKI will alway5 detect È tnaterial n155tatetnent It ex15ts. Mi55taietneits can a75e f7xn ftaiK orenDr cOndEred Thaterial If, IndidallY r in thp aggregate. theyc¢xJld reès¢MwW t Èxpeded tt> wrfuen( deCiSiOnS ofusets taken on basis of these financial statem¥nls. Thp exienl ID our predu are cApae ofdetechrvJ iwrpgularii5, IndI[¥j fraud. 15 detaled bpkrw. Identifylng and assesslng potential rlsks related to Iwul¥llks Ip Idfrnblying and ¥sses&rE ii$ks ol m81enal lS$lawl1 In 18Stwt of iwkgrthes. illWI0 fraud 8rvJ nOnMphan¢8 with la and regJlalK)ns, we considered the -enquirng of rnanagement. including oblaiTWTry and ievKMirvJ supwtiry den1th totKpming companys PDIIGES 8nd pcedUreS [daTrY to". . dpnlifwng, evaluabng and with kn atvj rE11( atKI trwwpre a¥e (rfarry instaT5 Df nOn-¢oMpli8n', -de'.ethng ra5p(xbJing lo the fraxl al Ihey h$ k[ge0f3Y a1. suspecled or allege(J frau¢ - the inlema contro15 established lo Mitale Dsks reIed lo fraud 0[r-COplIan ryth law6 at regulatK)YS," -dis¢usry the tr79aweni ie8m aNJ whereftaLI mKJhl OCCJJr in the fanCial stsiements and 8ny pctrnlial dKalot5 01 fraA. . (training understandiry oftrt I arrflregubirxy frameth that tre rxmpaThy ortrales In. those laws and regulalions th81 had a ¢ired eYe¢t on the fal s'.alefftents rK that h¥1 a'urfamen&l effeci w the operabws o. the conpanies. The key lavjs and regatnS In crteXt ITed the CoMpanS Act 2W6. lax IlsIaln. and laws sptcth¢ally awlicatle Seth In wthichlhè<tMnPany<4)ete$.
RED BALLOON - NORWICH INDEPENDENT AUDITOlfS REPORT (CONTINUED TO THE TRUSTEES OF RED BALLOON _ NORWICH Audlt response to r15ks IdefitlllEd Our procedur8s lo r8sp)nd lo rtsks idsntifd fln9. . pviewing Ihe Finawal Slaterrwt di5cJoswes tes1vt0 4knunIal1L to assess comkliarK8 yiilh rdevant laws and regulations dE&tssed atove. -qUing of rnanagement. concerrmng atNI wteDts"31 Irt3 atNI dailli5". . rfOrlg analw ca wocedure5 Lo Èn1rfY any unusual or unExpeciÈd rdBIKW)$hips th81 may wide risks of matwial misslalenEnt to traJd, - ading rninules of m8etirwJs oflhose Ch ilh go¥ernatKE. reiieirvJ intern 1xSySteMS tK)tes rewewing correspOndee with Hk4RC' ard - n addres5ng the risk offraud rDawnt Dvandp alu1rd5, tesbry apprwatene5s ofiDUtnal entr$ a othpr adiuslTents, Wlher IhejvJjett5 Trade In aECLYJrting 851iwo.e5 are indi(xtive ofa polential LNa5". and evaluabng bneSs.3t10n31e of any signi an1 Iran&atr.h)nslhal are ar okn-.side ntsmia trse of business. - Assessing cOmVian relevant Pa¥ aTd regLdations. Includir Equalfty Ae_2010. Employers. knability Act 19 and Health & saely al Work Act 1974. to whh fowd mate.al ortfa is (Kh1 any CDf5. . A8sessin9 mlatew rekvant i8ws ¥NJ re98($ 4Wtsbe to Sthtth. iowhithwe no matenal shLNItsIL% ly had any cor¢ems. othw Mthrs Pwawaph: TTrp fi[ban£1 slBleTnerrf5 frKlhe prior tWKxJ were not aLwlitec. A futherdwpuon ofow respOnsilIbeS is avaiable Financi¥ Re$thg CwrKil'5 wetwle ' https."IlwwfrG.(ry.uklauditor5reswrritMlities. This forlS wtof0waIitos ret. Use of (wr re Try5 rep(xt 15 made sdety +0 the charity's tree5. as a ty. r 8ClxwdaNWh Part4 olthe Charibes (Acmrrts and Reports) RUlatlS 2008 DJr audit WDtk has been Utyjertaken $0 1 %Ye mv)i Statè lo c8ntys trutee8 LMse tnatte we are wuled 10 $te 10 them inan aAii¢rs repm 8TrJ for rw) ottr To the ful$1 exni permiiied by w. we do not ?¢¢ept or assune respwsibility to anycealthan the thanty the Charty's tn¢sÈes as a bcmty, for Ours11 ¥v for this rwrt. LKfor tho OpinnS we have [orry. Mark Johnstone Ispnior Statutory Audit For on behaifofsumer AkKitw Mited. 5iaiLrtory Authl ChartorÈd fvttountanis 15 Pal8¢e greet NORWICH Norfolk NR3 1RT Unrted Kiryd 28 M8y 2026 SuryErAJdrtco Limrted Is el1le fgr wntrnenl a5 oftrE by ¥irtue of ils elgbilily f¢KaprKinlmenl asa110[ of a company urktter 1212 Df the Carnpanies AL* 2(.
RED BALLOON - NORWICH STATEMENT OF FINANCIAL ACTIVMES INCLUDING INCOME AND EXPENDITUREACCOUNT FOR THE YEAR ENDED 31 AUGLIST 2025 Tokni Unrnstri¢tsd Rgstri¢tod lunds funds 2Q24 2024 Total 2025 2025 2025 Notes In¢gmo from". Donations and legacEs Charlats ¥tyvibes Investments 8183 1.321.028 65g 37.039 45.222 1.321.028 659 7.783 929.867 493 35.841 929.867 493 Total inroffle 1.329270 37.039 1.368. 938.143 28,05B 966.201 ExpendlturÈ on.. Raising furvjs char,lab 1.4Tr).984 17.404 1.418.388 845.054 27,058 872.112 Total experxthre 1.4(K5.984 17.404 1.418.388 845.859 27,058 B12.917 Not InGornellexpBndlturpl 19.635 151.4791 2.284 93.284 Transfers bEl¥¥epn futvts 130.(KXTri 11.CrfJOI Net movonwnt In funts 110,3651 151.4791 93.284 93.284 Re¢onc1llao of lunds.. Fund balances ai 1 Seplernber 2024 544273 574.273 450.989 30,0 480.9 FuThd b•lancH at 31 4u9U8t 2D25 503.159 19.635 Y4.273 574.273 5talemenloffinanual actMlie5 IGdeS all gansand k)s5es rwiwl inthe year. 1 irNx)me eXpe[lU derive Irorn mn1rj a¢tMts. 10-
RED BALLOON - NORWICH BALANCE SHEET ASA T31 AUGUST20?5 2025 2024 Fixed Bssel¥ langible assets 14 797.8(K> Ba7.0 Cuwrent assets Debiors Cash at barth and 17 ha 15 87.LK13 388.574 771.953 566.123 Crtrditorn." amOLmS1¥lI1rtg wthin onè year 17 1703.0151 1484,8091 t ¢urrenl8ss•ts 68.938 101.314 Total asset5 less cuThent liabilit 866,738 908.814 Credltors.. amaLts falllng thje aftermore Ihan one year 18 1343.9441 1334.5411 NEt assets 522.794 574.273 Thè #f charity Resthcted i1me fvn(k Unrestrickd fund5 19.63S )3.159 30.0 544.273 21 522.794 574.273 Trse fina81 stat8rn8nts have prepated 41 ¢9n¢¥ wilh Ih8 w)vtsiorsapr4rabla io crnparwes to lh8 snall ccmpanies The financ1 Slatets apwoved by ts ttustee5 28 May 2026 E L Cul*y Tnrntee Cowany registratitMT Th1mberas4446 (EngL4nd a[ vla5)
RED BALLOON - NORWICH STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST 2025 2025 2024 Cash flowsfrom opefig actltIeS $27.935 137.629 Invèsting aCtiviiio8 PLJrchase of tangle filed assets Investment racfjiv8d 129.1721 {127.18GI 493 Nat ¢a8h used in investing actiiTrti•s 128.5131 1126,6931 Financing tIeS Repayment of b¥nk1¢8ns 18.7831 18.3201 t ¢8sh u$od In Ilnan¢lng a¢Y¥lYes IB.7831 18,32UI Net inGrva¥e in cash cash equalEntS 490.639 2.616 Cash and cash equivalents at beginning of 177.549 174.933 Cash ond cash equiv*en¢s at ond of y 668,188 177.549 Relatg to.. Cash at barl( and WT hat Bank overdrafts i[KILed in GredittTh paydtAe within onfy year 177.S¢9 116.7621 12-
RED BALLOON - NORWICH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 AtIng pol185 Charity inlormBtiD Red Balloon- Norwich 15 a wivate c(MipaYy limited by guafantee {x)r[K8ted In ErylaThl WaÈs. The regi51ered offKe 289 Ordvion Ri>ao. Nor%YK. N113 2PW. 1.1 Basi? of prepara¢ion Tho financial s".aiomBnts ifb a(rdaThts7Ih Ihè I1%¥&M1fiu documtsni. Ihts Compani&g Act 2006, FRS 102'Thtr Fin8n¢al Rertir9 $idarI a8b1t inthÈ UK atKJ Rewtlic of Ireb. and Charrts SORP-AccounliDg and ReFQtbng by Cnantss." (4 aPp1Kab lo chaDlie5 PtEparing r accounts In aCcOpdan with the Fina14 Rewrtrg ard aprable in UK and Repu of I'dand IFR5 1021.. The chaty a Publi£ BenefiL Enbty as defined by FRS 102. The financisl Stslements are prepared n sterfirvJ. vthich is Ihe IuncffiaI currerLyollhe ch3rity. Monetaryamounts r lhesefficl slatpmt5 ¥e r{ed io Ihe nvarest£. The finan¢ial Y.ements have been prep¥ed u81the hisK¢¥ coa venTh. The n¢4)01 aD11r9 polaes 8dwled art sei out bek)w. 1.2 Going concem Al IhE Iirne ofsppwTrJ Iha finarKJ81 stsiwDBnis. IhB IwElfjes ha¥8 a thal ha$ adequate resources lo continue In operatioial estenCe lor the foreseeknle future. Thus the INslees fA)ntyn lo al(yt e going rreffl ba95 013ccountirvJ n prepanry Ihe frnarKkg1 atements 1.3 Charitable lunth Unrestricled lund5 use * tIE oflbe trtee$ In fvrtherartr oftheirdwiit8Ne objectives. RestrUed lunds È sul'ecllo SpÈtsfic¢Th10rt$ by oTgYrtets as 10 htrwthey may bÈ used. The wwosès and uses r¥sved funds 8r8 ".Wl in the noies th8 fm8ntsal stsMi8nts. EOPtrUThds are sut to Spea 1x)tlI by (k)rt$ thatthe capital rvust bÈ maintained by the tharity. 1.4 Incom• ITKorne is recognised when the charity Is legalty entided kn it aftw any rforManCe u>tKlition5 have been mel. the amwnts w be measured reliabty. ar it Is p'thbk thal In¢(m)e be rece. CashdcmaticAlS a rwised ra*pt. Other ae recxgiised Can the th¥ity been ol the donaton. unless perforMae cotKlibons requye ferra oftre anNnL Inco e tax reu>veraW In relation to donations recTh under &ft or deeds of covenaTht is rewised al tre ollheikjnakn. Lega(ies are rec(wJnised rewbl or Il the dlIty ho5 been tKJbfvJ ol Bn ImpEnding di51ribulion, the amwnt Is known. aid r1p1 IS expecte(i. Ifthe amount Is kn. lh2 Wcy is Irea'AI as a conlingenl asset. 13-
RED BALLOON - NORWICH NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 31 AUGUST 2025 Accounting pol•e$ Icontinuedl .5 Expernditure Ixpendilure Is r&ognised 1Ce1here 15a legal or(ThstTwXwe oblvJabonto tratthecA)nomic benefrttoa third party, rt 1$ wth¥bl& thai a ItanSfrofrth bènafiis ba required ifi str1ty8ffI. tho amounl of tnè obiKJaiion Can t meagjred lyblY. EXpFndltu i¥ das5ifpU by xtyvity. Ttrp (x xvtyare tn P01t1&P ofdirertwsts at¥J 5hare(I rosls. including suptx)rt(x)sts involved in urKlprtaking eath thty. Dve( a)5ts at1[xrtab to a athvity are allocated direciiy 10 that admty. Shaw costs Ctri)Jte to mNe than one iVity 8nd ?uprotf>)sis vJhK è¢ not allribblabk to ¥ a¢tM'.y ar& apr)liwthJ betw Ilw iviJ&s omsisiwl vJlh lie useof r8sourc8 Central stsff costs are akncated OTh the bS of'Lime St. a1 de[ tharges are cated on pOrtn c>fthe assw.'s use. 1.6 Tangiwg fixed assets Tangible fixed ass81s 8 iniiaty nasured al cosl aThJ >Jbsequerfy mÈasur8d at¢ost orvalualon, ol d8prtdalion and any impairrrEnt losses. Ovyrwaiui ij iu¢oyntsed >0 as ty> vnil¥ t[ Ltyl UwiT ltt¥duai valutrs lfvii uselul Iwes on the fdkmiw bases". Free lar ar Ik"n9$ FLMtures and filtg$ CDmputt 0-10% ¢osr 2Q% o)sr 33% ffi (J)st The gain or ioss ar¥ on oran assd tsdetÈrmiwJ as thediffererte bèttn the salè procè8ds and the carryhg value ofthe asset. aThl is in stsiemxolfinwcial ivilies. 1.7 Impawmenr asse Al Èach reportwig end daip, the ¢haiityTewews ie £rwry atTh)& of(ts tsrp)'blÈ assets to dÈknir whÈther IherÈ IS a7y ndicaiion Lhal lh ¥sss havÈ suff8r8d w Imparmtr)l knss. If aiy such i1¢ati) aKists, the r8coveiab arnount of the at IS e5tirnated in i>rder lodetermine the exnI of thp imwrmern k)55 anyi. 1.8 Cash and cash equivalents Cash Cash [ValentS Irude rash ITr hand. de[lS atcall bafs. other short-te"m IiquKI Inve5trnents wilh ongn81 m8fvrilS ortrrfee nsor kss. •7d b8nk OverdftS. Ba ovttdrafts a shOfft hTrnlhin tOYOVrfin9s In current liabilibes. 1.9 Flnanclal instrum•nts The tharily has to apply the ptWsKms of SeG[ 11 InstTwvents' ar S8Glion 12'0ther Financial Inslrnments Issues of FRS 102 tfs dl of ts irtstruments. Financial inStruThnts rwisad in the chatitys balar@ shB81 lh8 tharity be[[ party to th@tractU rDyTIs of thp insttumpnt Financial assetsand labilitaT oYseL. 4%ilh the ret arrthnts rKEsenw the finarKial staiemefjts. when Ihere Is a legalenfO[3tr1e right to set off Ihe recogn an0UnLsa the i% ar) intentiw. to setde ona net basis orto reale Ihe asset and settl8 the Iiablity sWnuttaneDty. 14-
RED BALLOON - NORWICH NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 31 AUGUST 2025 Accounting pol•e$ Icontinuedl Baarc )Sn•nclal •sets Bas financial assets. irle debt( bank balan. are inthally measured at tranSaCtTI pri including Iransadth $1S and are $utwueniyimed al tX61 L[¥d ifre inlernst metiod unlo¥s Ihe arraemer1 cwsinufrsa fiiarory trSal, trt transaaw i8 measure(l at tre rKesen". value ol the future receipts discwnted ata rnarket rate of interESt. Finaml 85sets cL4ssified aSrec¥3b within one yearare not rnottispd. BasK liabKNlie5 BasK financial liabiliknes. Irc1119 c[edit5 apd baT k>ans are initialty attrar53ction unles5 Ihe arraw$ml ¢SluteS 8 financirp) Nthere tr.e de)1 instrumwi measur8d ai the pres1 vaue of the fuiure payrnentsdiscoUn at a market rate of inleresL Finalla1 Ikthlities cL4ssified as payable within one ye& are not amoybsed. Debl instsumenLF are Subsequtty carrd alarrKxlj usiny IhEeffkn interest rate tJ. Trade cr9di1$ are otllgatrn$ lo kwy 9¢sOrSe[¥es ttave been awuire¢ (Kdinary wurst ol operaions suppliers. Amounts lab are cbsylied as ItieS If ment is due Within year or less. If not, they are presented as nOnent l ablitEs. TFae CfeCit0 are [nl Initialty al trSaCtion priTr 8nd subsequently rneasured at atrKrtsgJ oJst e effeLNe ItereSt tnettrKd. Der¢ognllkn of nnwKlalllabyltt Financial lthilthes are derecognised V&then th3rity"s corrual lgats expre orare distharged LY1. 1.10 Empk)yÈtr The cost of any unused entiuefflenl 15 rK(yJntsaJ in the petKxl inthich Ihe QwysSersaE re1Ve. Terrnww benefits are recogn YDrnediatelyas an exper the drity de[tStra)ty cortwnifed to tetrninate ts e[W[ent d an (¥tQ PTuvvJe Iewrnnab bBTr8fits. Cash genèrnt•d from OP¢thions 2025 2024 IDefnty¥uW br the year 151.4791 93.284 AdlustsnÈnts for. Invesbmeni irrne recognised in Stslewoffftc1 aciiviles CDSI adjustment to Lrle fixed assets Depreoalion and inyirrrefil of lawt fix 85sets 16591 8.805 30.067 14931 20.485 vomants In worklng ¢apllal: Decreasellincr&sel n debtors Irease in creditor5 IrKrpase in defee 301.571 60.348 179282 1375,41DI 36.204 364.459 Cash 9gn•rdtad frorn oporatirrf 527.935 137.629 15-
RED BALLOON - NORWICH NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 31 AUGUST 2025 Criti1 a¢counling stsms and j¥d9wngnts In the 8pplic4lion ofthe chgrity's 8CCCWtiry WI¢$. th¢ l-Jslees 8re requ?red lo mJke iudgeM¢nts. cstipiptes •pd assumplw)ns aboul Ihe carrying amurtofassets 3nd l alilies thai are fM)t rllY appar.. from other srS T esthThates and asSOCtell assumptnSe based on bLStorira evvleed otlwtactors that are (X>nSthr io be rde¥8ni. Aeiuèl resutts maydrffer fromtheseesbtnatÈs Thp p%ttmalp.s and ijrylptyryj wp. rpv*¥erf nn an $1% RpviRins In Armjnhrrfj MarPS a. recconised in e period in ¥Jhich the esiimaie is whwe itrt revtson aff¥is Mly Ihal p¥itrJ. or in the reriod of Ihe revisx)n wture perS Whe Ihe revision altects curyent tulure period5. kncome from and 1oua¢lo$ TLtsI Restriclvd lunds lunds 202 2024 Tgtal funds 2025 2025 2025 2024 DonalK)ns arml glts Grants 7.573 610 7.573 37.649 7.783 7.783 28.05B 37.039 28,058 8.183 37.039 45.222 7.783 28,058 35.841 corne from chantthe acbvilies Unrestricted funds Unre5tsictèd nds 2025 2024 Education Tuition fees OthwinttThe 1.319.733 1.295 929.867 1.321.028 929.867 com• from inveJbn•b UnstrICted Unre$tri¢teil fuTrds fvnd5 2025 2024 Interest rpteiyatge 659 493 16-
RED BALLOON - NORWICH NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 31 AUGUST 2025 ExPdItYr• on raising fvnd$ UnvEytricted UnrestrictEd fund5 nd5 2025 Funthai5ing and publicty OlherfundraiSITh9 Costs ExPdire oth ¢h•ritabloathvilias EratIOn E¢tion 2025 Dlro¢t¢osts Staff costs Deprecialion and IPain71 Sdent expense5 Lesson re50urc&s )7.101 30.IM57 235.949 11.635 5.921 13.1g) 19.947 113.992 31.167 65 14.342 1.338 512.W 20.485 144.fho 10.253 3.043 21,464 17. 64.144 35.545 $25 14.073 134 378 In5peGtion Ix)5ts F(x)d and housekeeping Offe a¢rnin1$tr PreS cos IT costs Bank charges Staff etssts Trawd Trustee expenses 1.384.943 843.2Y Share ol support and wvernance costs Isee note 101 Support 28.945 4.5(N) 28.258 1.418.388 872.112 Anatysls by fund lJnd$ ReslrLied funds 1.400.984 17.404 645.054 27.058 1.418.388 872.112 Mot movemont in lunds 2025 2024 Thg nel rno¥em8n¢in fun08 Is stsl8(l after charg1w1luItiryj'. Fees payable for ttTe awil dlhe thariiW5 fa[al statents DeprerialiDn of (red 13ngkle frAed assets 4.5(K) 30,067 20.485 17-
RED BALLOON - NORWICH NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 31 AUGUST 2025 10 suppwt ¢ost$ alloGo¢gd lo a¢tsvbts 2025 2024 Professiona seryices Re¢ Balloun NalKal Annual Ltsvy Mmwe inlere Govemarte cosis 15,150 8.659 13.795 18.932 33,445 28.858 Anatysed b8twq8n'. Ecuc4iion 33.445 28.858 2025 2024 GoY8rnan¢e costs ¢ompth8: Audit Indepent exaTinabon fees 11 Trustees None of the trustees lor any pErS co[wClEd IhBmi reNed any TeTDun?ration ur nefitS froyn the Eharity during the year. 12 EMplOt9 The rn¢J)tNy rvJmber of duriNJ the year os'. 2025 NUber Mumbvi 32 EmplrJymQnt¢ts 2025 Wage5 and 53kprps X17.101 512. Remunera11( of ey manawmont wtsonn81 The retwneration of key rnan&geMentpeYnnd was folkAty3." 2025 59.369 s2,(3 18-
RED BALLOON - NORWICH NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 31 AUGUST 2025 13 T•xatson Th¢ cherity 18 cxenw fromtsxa1h acbvibty bcuusc 811 rts COrne OpdfOr ch8rit8blc PL8 14 Tanglble flxed assets Comput•rs T11 frttir4s Cost At 1 Septentr2024 AdditbJns Disprtsa5 773.595 13.346 13.5591 61.6 2.713 15531 31,841 13,113 14.6931 867. 29.172 18,8051 At 31 U512025 783. 63.W20 40,261 887.463 D¢prl•ll0 and 1mpaifflt At I September 2024 DepreciatlDn in ItrEyeBr 13.520 14.924 42.196 4.596 59.595 30.(67 10,547 At 31 Augu512025 28.H4 46.792 14,427 89.E63 Carryin9 amowrt At 31 August 2025 754.938 17.028 797.W At 31 August 2a24 76C.075 19.464 27,961 BOT.0 1S Debtors 2025 2024 Amounts falling due wbthin one ye. Tiad8 dÈbltrS Pr•p8ym6nts and accr IrK( 74.837 12.166 378.706 9.868 87.003 388.574 16 L5 and Dverthaft 2025 2024 Bank Dverdrafts Bank k)8n5 16.7V2 353.048 361.831 369.810 361.831 Payable %Yithin ce year Payawa aflerone yèar 25.866 343.944 27.290 334.541 19-
RED BALLOON - NORWICH NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 31 AUGUST 2025 16 Loans and Icontinuedl Th¢ loan • rnorr98gel ks se¢urcd by alyl ¢hgr5c ovcrthcfreehold propexty by Ihc aritm 17 Crèditors". tsllingdLwithiil i)Iltr y 202S 2024 Mote5 Bank k)ans and o¥erdraft5 16 25,866 119.39J 3.741 5.3 3.33B 5281 27.29) 10.056 3fj4.459 53.140 4.552 5.312 Other laKatK?n aiid soci3 5jrIty Deferred i(r Trade ¢r&Yilors Othercredit(Ys Accru315 19 703,015 464.eJ)9 18 ¢rgdltrys'. amoynts falllngdu• aftrnborn than y 2025 2024 Bank bans 16 343.944 334.541 19 Deferred incorne 2025 2024 Orherdefeffed 543.741 364.459 Daf8ffd inc¢mèi¥ indudèd in firrdnEièl 8tslemert8 as fc4k)ws". 2025 2024 Deferred income 15 nded Within". Current lbIle5 543,741 364.459 Movements in the year.. Deferred income al 1 Sejlernber 2024 Released fron pre(15 ReS(r¢&d*[erfed In the y8ar 364,459 1384.4591 543.141 364.459 Deferred InrA at 31 ALNJUSt 2025 543,741 364.459
RED BALLOON - NORWICH NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 31 AUGUST 2025 20 R*strd041 fvnd¥ Th¢ retlncted fundsoflhe therity tsynprise th¢ ur¢xperhYed baL9n¢et¢WOtl$end hdd on trus1 subject to SP8ufic Condit$ 8$ to they rnay be . Tran$l8rs At 31 Augu$t 202S LCYfUnd PupNI Preffliutn and Ever6 FSM fvnd Cabin fLrd Teachets Pensth furMI 130,rthi 16.404 (16.4041 11.0(Kll 19.635 I9.5 37.039 117.4041 13Q.(K)01 19.635 Pvevious year.. At 1 SepknbEr Incorning Re50urc TThnsfers At 31 August 2024 Legaw fund Pupl Premium and Ever0 Fskl fvnd EducaliDll Heallh Car8 plan 5Upw fu Cowd rec4)very fund Travd support fw Cabin rd 30.WO 10.040 110.0401 11.2WI 15.318 11.LX)01 28.058 12T.0581 11.WOI 30.wo During Ihe ye¥, the tN)8rd d trustees reviewed the h 0¥1 and fourd th81 Ihe fund was C•1£ by a forrner trustee to fund futdre proFwty develowrenl workrattr than [e c4arityactually revIO reslncted ndhng Itwas therefore awd bythe board tOiransferthis£30.1)(K) frorn restric1 lund5 to designated tunds. 21
RED BALLOON - NORWICH NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 31 AUGUST 2025 21 Unres¢ri¢tod fvnds Th¢ Lr(e8lricl¢d funds chorty¢¢nwse te uncxpcY bal?ncesoldonatiofis gronts which orc rol 3ubiecl to sFwfic condi10 by Or$ and tyant0 as t¢ Ilw These itxjude designaW funds which h8¥8 been Set askle of unreskncted luryls by Ihe trustee5 tor PUTrA75es. At 1 Sepknber 2024 kncoming Resource5 Transfers At 31 August 2025 Lega(¥ Genwal funds 30,OCrf) 30.0 473.159 544.273 1.329.870 11.4CQ.9841 $44.273 l.i.870 I1.4>.984) .ot 503.159 Pv4viOug #r.. At1SWb eoming Trangfèys At 31 Auougt 2024 GenwJ funds 938.143 1845.8591 1.0 544.273 Arbatysls of net assets botween fund5 Total fvfft41$ 2025 2025 2025 At 31 August 2025= Tangible assets Current assetsll1olegI Long iemi li811¢5 797.8 49,303 1343.9441 797.WXI 68. 1343,9441 19.835 Y)3.159 19,635 522.794 UMstrlth R5trkt¢d funds 2024 Total 2024 2024 At 31 August 21J24= Tangible 3S5els Current as$etslllot¥ithesl Lorg Iiabiliies 807.5 71.314 1334.5411 807.500 101.314 1334,5411 30.oc 544.273 30.0(M) 574.273
RED BALLOON - NORWICH NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 31 AUGUST 2025 23 Opor4¢ing 104sg¢rJrnrni¢rngnts Lessee Al the rep(Ktsry de Ihe bal outstandry corThmitwt5 ts ff1re MlMn Sease p8yments under notKancellableopwalitvJ kases. fall due a5 fDIuws". 2025 2024 Wthin year 22.0 party twall8lins Transactlons with related parties During the ye¥lhe charity entere(J 1Trtothefkng trans With rd3t8d Par.. Iwry Thyme Ltrt. a tpartY itt Ben (tr) IS a ditÈctorol, Inv¢Ated the diarty £13.695 for b(wJkkeFping se5. £1.640 vrdS(UtskndiwwJ al thF yearotwj. Lirnduht Th¥tre Cornpanya LI¥rt StudiOS (NOrwh) Ltd. which Zelda Rclfe (In) E¢)wner diredor, were paid £42.863 for stL¥lio rent and das5es. There was balatKe OL15ta1n9 al the year d. The Inspirabon Trust. a charity Emma CleY ltrusteel is 8 govemor, were (ar9ed £3 3 by Red Baloon- Norwrh for luilKn fees. £3.W3 tslandIng * the year. -23-
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