Charty R•gistratlon No. 1136446 Company Registradon No. 715D417 (England and Wales) RED BALLOON LEARNER CENTRE READING (A PRIVATE COMPANY LIMITED BY GUARANTEE) ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021
RED BALLOON LEARNER CENTRE READING LEGALAND ADMINISTRATIVE INFORMATION Trust8 Ms G T GLkniin MrT Lake Mr G M McDonald Dr J A Nicholsby MrAD H Pearson Mr D R Whtttle Head of centre Ms C Pepper Charfty number 1136446 Company number 7150417 Reg18tered offlco 220 lQngs Road Reading RG14JJ Indèpondent •xamln•r E0 Smkth Chartered Accx)untanis 32 Queens Road Readlng RG14AU Bank8rs CAF Bank Limited 25 ngS Hlll Avenue Kings Hlll W8sI Malling ME19 4JQ
RED BALLOON LEARNER CENTRE READING CONTENTS Trustees, port IThJePendtt oxarnlnefs reF#Yt Statement of financial aCtilS Balan1 sheet $ to the financial ststsments 8-16
RED BALLOON LEARNER CENTRE READING TRUSTEES. REPORT (IMCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 AUGUST2021 The trustees present their and finanaal statements ts th8 year end 31 August 2021. ObJo¢t of tho Charlty The obj8Ct of the charity Is lo advance the 8(lucath of chiklren ag1 11 to 18 at th8 Red Balc Leamer Centre. being studants who are wctims of severe lyjltyirffj, or by reason of other emotional or m8ntal health trauma, are unab18 lo att8lld mainstroam schooL8. This 6 achieved by provTrding knition and approprial support for them in a safe188rning environment until they arè ready to return to mainstream education or entsr employment. Governance The charty has a Board of Trustses who are responsible for the governar of the charity. The Board of Truste85 has the power to appoint new lJustees. People who come to the trustee's attantion as havTng relevant experienco, int8rest OT expertise are asked rf they woukl crmsider beCnIng a trust80. ar8 interviewed by other InJsle8s and. rf il is oJn5idered appropriate. are Intr(MJuc*d to all of the truste8s. Al truste8s are subject to DBS checks. The Board aims to meet 6 times per year and holds an AGM in the Spring Tern. At oach meeting Studerrt progress is reviewèd and regular management ac¢ounts are providgj for romv by thè Trustees. SafeguardirvJ 15 also induéed as an agenda item at eath meeting. Management Th8 Board of Trust985. in consuttation the Hgad ot C6ntre. make dedsions on staffing, tceting. and performance reviews. Trustees need to rdise local public awareness of the need of children who have been so saverety bulliod that they Cannot attend mainstream school. The aim is to draw attention ts the fact that such children should be provided wilh fulktime edUtiOn and Red Balloon offers this servke. This is addressed through local fiJndrdi8ing and engaging I(al buneSseS arvj sthookn in volurrt8ering seTViC8S or fvndraising for us. Red BallLM)n Leam8r Cenlre Readlng is part of Ihe wd2r Red Balloon EducatK)nal TTUSt. Thls prDvides a forum for the Trusleos and staff to share experiences and collaborate ID find solUtior to common problems. Rlsk analysis The trustees have examirted the major strategi¢ and wabonal risks whith the charity faces. The main areas of ¢x)ncem are.. 1. SafeguardirwJ and continued education of the sttKJents Safeguarding of students is of Ihe highest priority and is wntinually moniiored. Ongoing staff tinIng in Heallh & Safety and Child Protection is provided regu]arfy. In addition. a full range of policles ara regukrly eWPAI by staff and tnJst8es. 2. Sourcing of fijnding for stud8nts Staff, supported by Trustees, ntinue to make strenuous 8fforts building and maintsining good relationships with edurntion establishment8 alld local authorittes. The Trustees and Head of Centr8 have developèd a feg pricing structure that r8flects the varying suwort and &Ju(8l'onal need5 of eath studènL Achievements and P¢rfornianc• of tho Charlty The trustees are satisfied with the perfManCe of the tharity ts the year ending 31 August 2021. The objecbves of the tharity are onty achieved through the sknll. hard work and dedication of the staff and volunteers ot Red Balkjon and as Trustees w8 are indebted to the team. As was th8 CAS8 for most edu¢ationJ settings. the Centre has navigated the ntInuing uncertainties of the Cowd-19 pandemic. Staff shortages due to isc4ation and illness, wan1 that in January 2021 the Centr8 had lo ctose for 6 weeks and aca¢JeM and well-being sessi8 took place via video conferowng and related online platforms. In the summer teTm. the Centre fac the a(kYrtK)n of new wotocols around Teachor Assessed Grades for exams qualrfications.
RED BALLOON LEARNER CENTRE READING TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2021 The ¢harity supported 25 students during the year. Of Ihese 51udents 18 were still us at the start of the 2021122 academlc year and of thos8 who left 7 mvad on to further edLKation or work. Seven of our students sat GCSE andlor FurtIOnal Skills exams in Ihe summer of 2021 and re5utts were posittve with Stents m8eting Ihgir exp8Cted grade$. During the y8ar we r8ceived funding to purchase a small minibus to enable a varlety of tr¥)s for students, to develop the garden to make the outdoor space a rre enjoyabl8 enwronment for students. and to purthase 3D printer to support science and design & tethnw te&hing. Red Balloon Is not lust about arademk results bul abjut giving thdents a wider leaming experf8nc£ and focusing on wellbeing and personal de¥elopmenL Signfficant tirne, energy and expertse is glven to ensuring thls is achieved. Wollbeing Our Art and Music therapists prowde ccrfdential c£sunselllng as well as Individual and group well-being sessiDns for all students. Thls yearwe hav8 CtinUe(l to offer equine and canine therapy os we recgjgnise th8 therapeu benefits anirnals have on our Sljets. Unfortunatety, due to funding constraints th8s8 animal- based Iherapl8s will need to b8 disc(Intlnued until further funding is found. Friday aftemn'S Challeng6 Time and Circle Time allows the communty lo rx)m8 tcgether to r8fiect, discuss our values and share wr challenges and suco8sses. We also celebrate the acievements of each sbjdent by handing out the hous8 points that have b8en givon acmss lh8 Th8 team Works with students to foster a sense of nMunitY at the Cèntre. Thi5 indudes providing lunch where stud8nls arKa teachers eat together. celetTrting birthdays & holidays. aTuI discussing rTrent news. Respect for each other and building trusting r8ktionships is key to th8 work we do. This extends to our Outreach programme whth helps to supwrt students wlK> are not yat able to acces5 the Centre to begin building a relationship the Outreach team and coming in for visits to get to know other staff and students. In January, we rulled a part-time Outreath Worker to work with Centre stsjdents who needed support to come Into the Centre consistenty as weil as housebound students looknng to transition to coming into an educational prowston. Desprte the constraints of our site. phy5icd education continues to be a part of th8 (xJrriGulum and IkS dosely to our well-b8ing offer. Wrth this in mind wo recruited a new parl-time PE lead to deliver 0nfrtolle and small group PE lessons to provide a m¢)re stTUCtUTed and consistent offer. Du8 to Covid-19 our nomial range of physical activity was rJJrtalled fly much of the year and PE aclNities were limit8d to what we coukl do on88 or at IcKal parks. Wider learnlng and pgrsonal devalownw A Tange of enrichmanl activities including lrips to museUn, Iheatre. and t)Jttural 8verts would in most years supplement the academic and wellthing provided 8t the Cèntre. This year aclivlties were On again rnr(ed due the pandemic. The new minibus alk)wed for a few trips in Ihe Summer tem ID Dinton Pastures, Beale Park. Summer Bam arKI bowling. When plannirvj acltth for the y8ar thè trustees have considered the Charity Commission's guidance on public benefft. Futuro plans of the Charity After discussion with severnl k)cal aulhoriti8s arKI the drafbng of a business plan. in M8rch of 2021 we began looknng In eamesl for a location for a second site. thtin5Jed upward trends in referfals the limitations to broaden th8 curriculum at our rrfjnt srte Nnforrd our Understa1ng of the gap in provision. Worknng th a Ioc81 estate agent, a numb8r of potential sites were Klentified. The Snd site will allow us to supp¢yt more students while also serve io broaden the curriculum we offer wÉlh 8dditp)nal $ubiecls.
RED BALLOON LEARNER CENTRE READING TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2021 Flnan¢lal rgvlgw Total unrestricted incom8 during the wiod wa5 £622,642 (2020 - £563.831) an increas8 of 10.40/0. This consisted largety of income from the local authorities vthlch wa5 received to fund the education arHJ w8llbeirKJ of the students whilst outside mainstream educat. Total restried donations in the year were £34,973 12020- £24,125), see notè 2 details of these furKI5. Total expendlture was £546,319 {2020 - £461,378) and vras incurred In perf0mlan of th8 charilable actmties of tha company, incknding 5tsffing, direct siudert LM)sts. Trnc utilitses and other genernl running rA)sts. An unrestricted surplus of £114.223 Wds rec(xd8d, briroiThJ totd unrestrkled fvnds to £333,127 and %Mlhin our targeted reserve policy. We would like trj thank all those that havo fvndrdis8(l. donated and vduntsered time during the y8ar. Res¢rvos pollcy The Twsiees policy on finanual reserves is 10 8nsure 8 minimum of 34 months of reserves are held in the bank accoun( in addition to any specificalty d8tsTmin&J r4uir8ments.. The irbvestrnerrt pollcy and objectlves The trustees, policy on investrnent is to retain the Surp$ fvnds in intwesi bearing deposit accounts. The trustees have assessed the major risks to whmth the charity is exposod. and are satisfied thal system8 are in place to mitigate exposure to Ihe major risks. The trustees, who are also the direclors for the purpose of rpanY law. and who seN8d during the year and up to the dale of signature of the financial staiements were.. Ms G T Gothvin Mr T Lakg Mr G M McDonald Dr J A NichcAsby MrA D H Pearson Mr D R Vvhittle Mrc R M GallimrKe (ReSigd 9 Dec*mber 2020)
RED BALLOON LEARNER CENTRE READING TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2021 Statemgnt of Trust¢es' Responslbllliles The Trustses (who are also Dir8Ctors of the Red Balloon Le8mer Centre Re8ding for the purposes of company law) are responsible for preparing lh8 Tnjstee's Report and the finanaal 5tstements in aCrdanCe with appll¢able law and r6gulations. Company law requires thè Trustees to Fvepare financial statements for eath financial year. Under that law. the Trustee5 have prepared the finanaal Staterrt5 in 8cCrxdaD wlth Uniied lfjngdom Generally AcLepted AGcountlng Standards and appllcable law. Under u)mpany law th8 directors must not approva the finandal statements unless they are satisfied that they give a true and fair of the state of affalrs of the company and of the incoming resources and application of resourc. induding the income and expendthre, of th8 charitsble company for thal ped¢xl. In preparing financial statemants th8 Board Is requ to: select suitable accounting policies and then appty them consistenuy.. observe the methods and principles in the Statement of R8MMended practiS. AGfxsunting and Reporting by Charities (2015}- make judgements and estimates that are reasonable and pyudent" state whether applicable UK aCCJnIIng standards, comprising FRS102. have be8n folkJw8d, subject to any matertal differences and explained in the financial st8tewEnts. aThJ' prepare the finanaal statements on the eoncm basis unbss it is inappropriate to presume that the tharity wlll o)nlinug in business. The TTU$tées responslble for ke8ping a(lequate ac(Unting records that are sufficient to show and explain the companys transactions and disclose wth reasonable accuraw at any the financ4al positi'on of tha cy)mpany and enable them to ensure that the financial statements comply with regatiOnS made under Ihe Charities Act and th8 CThnpanies Act 2[. They are also respOr1bIe for safeguarding the assets of the charity and hen for tsking rea$ale steps for the preventlon and detedon of fraud and oth8r irrggularities. This r8POrt has been prepared .In accord8nc with Ihe provisM)ns applicable trj companies sublact to tha small mpanIeS, reglm& The trustees. rt was approved by the Boa Df Trustees. MrG M McDonald Trustee Dated: ..... zF/.*..l.a
RED BALLOON LEARNER CENTRE READING INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF RED BALLOON LEARNER CENTRE READING I report to Ihe tharity trustees on my examinallon of Iho ac¥xJunts of the rxjmpany for the year ended 31 August 2021, which are set out on pages 6 to 16. RponSIbl1ft18S and basls of raport As the charity's trustees of the company (and also it5 dire(ors for th8 purposes of company18w) you are responsible for the preparaton of the accwrrts in aco)tdance wtth the requirem8nts of the Compan$ Act 2006 {'Ihe 2006 Act.). Having sallsfied myself that the accourts of the company ar8 not required tr) be audited under Part 16 of the 2006 Act and are eligible for independent examination, I rewrt In respect of my examination of your charit$ accounts as carried aut under secbon 145 of the Chariues Acl 2011 {the '2011 ACV). In (arylng OLrt my examination I have followad the Directions gtven by lh& Charity Commission under $eGth)n 14515Xb) of tha 2011 Act. Ind8p8ndent 8X8minerfs rnport Since the compan$ gross income exceeded £2So,LK your examiner must be a member of a body listed in 8ecUon 145 of the 2011 Act. I confim that l am qualified to undertake the 8xamlnalion because l am a member of the Institute Ot Chartered ACcntsnts in Eng]and and Wath whlch is on8 of the sted bodios. I ha completed my examination. l (xjnfirni Ihat no Matte have come to my attention in connecticffl wth the examination gimng me cause to believe: 1. accounting records were not kept in reSF& of ts company a8 required by section 386 of the 2. the accounts do not a¢xThl th those a(xxJunting recxyds.. or 3. tho amnts do not compty wlth the acLounbNJ requrèmants of secth)n 396 of Ihe 2006 Act other than any requirement that the actnts give a and fairf view which Is not a matter cOndered as part of an independent ex8M1nan'. or 4. the 8ccJ)unts have not been prepared in accordance th thè methods and prinrAples of the Statement of Recommended pr8Ctice for a¢n.ftg and reporting by charities applicable to chathies preparing their accounts Èn ac[danc with the Flnanrial Rep)rting Standanl applicable in the UK and Repubtic of Ireland (FRS 102). I havè no ¢orLGem8 arKI have come across rK other matters in lneCtion wth th8 8X8min8tion lo whth attention should be dr8wn in Ihis report in ordèr trj enable a protw understsnding of the aLzounts to be reathed. Edwin Smith Chartered AcLt>untants 32 Queens Road Reading RG14AU Dated- 4 May. 2022
RED BALLOON LEARNER CENTRE READING STATEMENT OF FINANCIALACTMTIES INCLUDING INCOMEAND EXPENDITUREAccouKr FOR THE YEAR ENDED 31 AUGUST2021 Unrostrlctsd Rgstrlct•d funds 2021 Total unreStd Restricted nds nds 2020 2020 Total 2021 2021 2020 Notss Donations and legaci8s Charitable activi116s Investments 4.418 618.197 27 34.973 39.391 618.197 27 325 563.347 159 24,125 24,450 563.&47 159 Total Income 622.642 34.973 657.615 563.831 24.125 587.956 Charitsble activities SQ8.419 37.900 546,319 444.937 16.441 461,378 Nat Incomlngl (out9olngl resourc•s beforg traT15fers 114,223 (2.9271 111296 118.894 126.578 Gruss transfers behveen funds (13.897) 13.897 Net incorn• for the yearf Net movement In funds 100.326 10,970 111. 118,894 7,684 126.578 Fund balances at 1 September 2020 232.801 19,091 251,892 113.907 11,407 125,314 Fund balances at 31 August 2021 333,127 30.061 363,188 232.801 19.091 251,892 The stgt8ment of fin8nc4al actiwties indud&s 811 gains arNI lossas re(wnisad in Ihe year. All inrnme and expenditure derfve from continuing aclivitses. Th8 statement of fillan81 activttie5 also complies with the requirements an incy)me and 8xp8nditur8 ac(x)unt under the Companses Act 2006.
RED BALLOON LEARNER CENTRE READING BALANCE SHEET ASAT31AUGUST2021 2021 2020 Flxed assets Tangible assets Currnnl assots Debtors Cash al bank and in hand 10 26.617 1TT.867 355.619 111,266 303,322 533.486 414,588 Credltors: amounts falllng due wlthln ong y8ar 12 (196.915) {162,696) N81 current assets 336.571 251,892 Totsl ¥ssgts1è88 current Ilabllltles 363.188 251,892 Income funds Restricted fiJnds nr tri Designated fvnds General unrestricted funds 13 30,061 19.091 14 178.580 1.567 232,801 333.127 232.801 363,188 251.892 The cornpany is entitled to the exemption from the audit requiroment o)ntained in section 477 of Ihe Companie5 Act 2006. for the year ended 31 AJust 2021. The directors acknoYAedge their responsibilities for ensuring that the charity keeps acu)unting rOr{1S whlch comply wth section 386 of the Acl and for preparing financial stat8m8nts which gN8 a true and fair view of th8 Stale of affairs of the eompany as at the end of the financial year and of its incoming resourrEs and application of resources, including its income and expenditure, for the finanoal year in accordance wth th8 r8quirem8nts ol S8Ctions 394 and 395 and which otheNise wmply wilh the requirements of the Companies Act 2006 relating to financial statements. so frar as applicable to the (x)mpany. The members have rM)t required the company lo obtain an audit of its finanrial sl*emgnts ts the r in question in accordance wth section 476. These financial statements have been prepared in aCrdan with the provisions ar4)Icable to o)mFpnies subject to the small companles wime. 7144 Th8 financial statements w8r8 approved by the Trustee8 on ......................... Mr G M McDonald Trustse Company R8gi8tration No. 7150417
RED BALLOON LEARNER CENTRE READING NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST2021 A¢¢ountlng poll¢l8s Charlty Inforniatlon Rad Balloon Leamer C8ntre Reading is a registered charity and a company fimlied by guarantee InrpOratsd in England and Wales. The reglstere(l offi( is 220 King5 Road. Reading. RG14JJ. 1.1 Accountlng Convention The financlal ststements have been pr8pared in ac(xJrdanr with the cariVs tgoverning docum8nt]. the Compani&s Act 2006 and 'Acc¢xJnting and Reting ty Charities.. Statwnent of RerK)mmended PrartiGe applicatle to charities prep8ring their accounts in aCrfance the Financial RepoTUng Standard applicable in the UK and Republic of Ireland (FRS 102) {effe(aive 1 January 2019).. The charity is 8 Publ Benefrt Entity as d8fined by FRS 102. The tharlty has laken advantag& of the Fffjvisions in the SORP for dwribes app1[j FRS 102 Up(Jato Bullotin 1 not tr> prepare a Statemnt of C8sh Flows. The finanrAal statements are rK8pared In stsrting. which Is tho fundional cuff8ncy of the charity. Monetary 8mounts in the58 financial statements are rourKled b) the nearest £. The financlal statements have been prepared und8r the histortsl o)st c))nventlon. Th8 principal acca)unting policles adoptad are set ¢)ut bAV. 12 Golng conc•rn At the time of approving the finanryal staternents, trustaes hav8 a reasonable expectauon that the charity has adequate resourc8S to rLJntinue in opèrational exBtsnce for the feseeab10 future. Thus the trustees continue to adopt the yoing concem basis of aca)unting in preparing th8 financial statsments. 1.3 Charltsble fvnds Unrestricted funds are avaIlae fry use at the discrElx)n of the trustees in fr1rranl> of thèir charitable obpdive8. Restri¢aed fiJnd5 are subject to speafic nditIOnS by dorKJrs as to how they may b8 Used. The purtwès and uses of th8 restrirted funds are set out in Ihè notes to fingncial slaiements. 1A Income AJI income Tesour¢es are included in the Statemenl of Finantial Actiwties when the charity is entided to, and SLthciently certain lo receNe, the inm a1 the aTnount can be quantffied with reasonable accuracy. The flOwIng policies appty lo particular cat8wies of inc(ne. Voluntary InMe is received by way of grdnts, donations and gifts and included in full when re1vabl@. Incoming OUrCeS from charitable aclivitl&s are acry)unted for when earned. Deferred incx)me relates to student feès which relate to tutsjre accounting periods. 1ts Exponditure Re50urcgs expended are induded in Ihè slatenI of FinancialAdivities on an acuuals basis, indusive of any VAT that (8nnot be recovered.
RED BALLOON LEARNER CENTRE READING NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2021 Accounting pollcies (Continued) 1.6 Tanglble flxed as$8ts Tangible fixed assets are inthlly measur&J at cxJst and subsequenty measured al ¢05t or valuatton, n8t of depreciation and any impaient losses. Expenditure on fixed assets Is On capitalisgj where it excèeds £1.000 and has an 8xpected useful lrfe greater than one year. Depr8cyalion is regniSed so as to write off the cost or valuatson of assets18ss their r8sidual values over their usefiJl lives on the following bases: Computer8 Motor vehlc188 3 years straight Ine 5 year5 slraight Ine The galn or loss aring on lh& disposal of an asset is determined as the drfl8r8re betsveen the sale proceeds and the carying value of tha asseL and reo)gnisad in net incomel(exp8ndtture) for the yaar. 1.7 Impalmient of fix9d assots At each reporting 8nd date, the thaiity reviews the carrying arnounts of its tangible assets to delemiine whether there 15 any indication that those assets have suffered an impairm8nt1058. W any such indication exists, the recov8rable amount of the asset is estlmated in order to detomiine the extent of the ImFO1ent loss {if any). 1.8 Cash and cash equlvalgnts Cash at bank and in hand includes cash arKI cAsh held at bank current accounts ar short temi highly liquid inv8Stmonts held on depostt accounts. 1.9 Flnanclal Instruments The charity only has finanal assets and finanual liabilibes of a kFnd that qualrfy a5 bas financlal instruments. Basic finanoal instruments arè initialty reojgnised at transactlons value and subsequ8nlly measured at their settlement value. 1.10 Leases Operating leases are rec¢>3nised over the peri(j of whlth the lease falls due on a straight kn8 basis. 1.11 Pension &hemes Employees of the ch8rlty are autrrfnaticalty enro11 Into a d8fin8d Lxntribution schem6 unless th8y have exercised their right to opt out. The charty contr11tA)n is reslricted to th8 contributions disdos8d in note 8. The costs of the defined contribution scheme are indLbJ wlthin unrti5tricted fvnds. 1.12 Dobtors Debtors are recognised at the setuement amounl due. 1.13 Creditors Creditors and provisions are rewnised as SCM)n as there is a legal or constnJcknve otligation committing the charity to that expenditur8, it is probable that setuement wdl be required and thè amount of th8 obligation be measured relbty.
RED BALLOON LEARNER CENTRE READING NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2021 Donatlons and l•gaGIos Unrestrirted Rostricted funds nds Totsl Unrestricted R8sthct8d funds funds 2021 20 2021 2020 2020 2020 Donallons 4,418 34.973 39.391 325 24.125 24,450 Charltable aGtivilie8 Charftable Charftable ActItIeS Adivities 2021 2020 Student fees 618,197 563,347 Investments Unrostrlct•d Unrestslctsd fund5 funds 2021 2020 Interest ra1Vable 159 10-
RED BALLOON LEARNER CENTRE READING NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2021 Charftable actmtlos Charilablo Charftable Acuvltles Actlviti•s 2021 2020 staff costs Depreciation and impairment Travel and subsistenc8 student operating costs Red Balloon of the alr costs Othar teaching re50urc8S Accommodation, food and cleani Communication Insurance Red Ballocm Educalonal TTUSt supt*Jt fees Consumables Rent and ratss Tralning and recruilment Repairs and malntenan 0e equiprnent Utiiiknes Sundry operating expenditure 349,226 4,373 5.402 25,124 34,532 9.768 6.407 4.012 3.230 8.¢X)O 11.255 27.143 13.479 22.887 2.336 5,849 892 316,040 2.445 22,542 2,662 6,831 4.152 1,513 3,682 8,083 454 27,382 5,882 43,191 4,086 533,915 451,354 Share of govemance costs (s8e note 6) 12,404 10.024 546,319 461,378 Anatysls by fund Unrestricted funds Restricted fijnds 508.419 37.900 444,937 16.441 546,319 461,378 11
RED BALLOON LEARNER CENTRE READING NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2021 Support cogts There wgre no suwort costs duriNJ Ihe year (2020: Nd). GovemarKe costs were as folkjws: Govemanco Govemance costs 05ts 2021 2020 Independ8nt examiners fee PrOfeSonal servi 720 11,684 1,176 12.404 10,024 Anatysed been Charitab18 actiwties 12,404 10,024 Trust88S No members ol th8 Board of Tnjstees and Di10[5 reIved any ramuneratn durfng the year or prior yoar and no expenses were reirnbursed. No trustee or other person rélated to the tharrty has any Fersonal interest in any contract or transaction entered into by the charity during the ygar or prior year. Employees The averagg monthty number of empknyees dumg the year was: 2021 Number 2020 Numbor 19 18 Employmont ¢¢ts 2021 2020 Wages and salaries Soclal securlty ¢osts Other pensi cosLs 325,108 18,321 5.797 294,979 16,006 5,055 349,226 316,04D The key managemnt personnel of the tharity prISe the tNstees. the Head of Centre and D8puty Head. The lotsl emFAoyee beneffts of the key management P8Tsonnel of the Trust were £71,070 (2020- £68.492) 12-
RED BALLOON LEARNER CENTRE READING NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2021 Taxatlon No liability to UK corporation tax orises 8s the company enjoys Charitab status. 10 Tanglble flxod a880ts Cost Addltlons 10.590 20,400 30,990 At 31 August 2021 10.59) 20.400 30,990 Depreclatlon and Impairnient D8preciation charged in the year 1.653 2,720 4,373 At 31 August 2021 1.653 2.720 4.373 Carrylng amount At 31 August 2021 8,937 17,680 26.617 11 Dgbtor¥ 2021 2020 Amounts falllng due within ¢)ne year. Trade debtors Propayments and accrued ino)m8 174.265 3,602 104,997 6,269 17T,867 111.266 12 Credltorn: amounts falllng due wlthln one year 2021 2020 Other laxalion and Social 8euJrty Trade creditors Other creditors Accruals and d8ferred income 659 14,284 1.191 180,781 3,804 22,211 998 135,683 196,915 162,696 13-
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RED BALLOON LEARNER CENTRE READING NOTES TOTHE FINANCIALSTATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2021 14 DO81gnat funds The income fvnds of the charity include the followng dasign8t8d funds whl¢h h8ve been set athe out of unr8stri¢ted by the Irugtees for spedfic purwses: Movèment in fund8 Incoming R•sourv8 Balanco at re8our oxpeThlèd 31 Augu8t 2Q21 Expansion 180.000 (1,440) 178,560 180.IY)O {1,440) 178,56LI fun EanSIOn- Funds Io SUPFN)rt th& op8nirKJ of a se(x)nd Centre in the Readng area. 1S Oporntlng lus¢ commllments The Company leases property frryn Red BallcKJn Educational TrusL At 31 August 2021 the Company had the followng total future minimum lease p8ymonts under non-cancellable operating leases.. 2021 2020 Wrthin ono year 1.875 1,875 16 Related party tranSaOn5 There were no related party transac*ons outs•Je of thcKse transaCt)n$ with other Red Balk)on entities. Until 19 May 2021, th8 sole member of the Company is Red Balk Educalional Trust 1Mpary number 05385341). Copi8s of Ils consolidated accounts. whlch include the Company. are available from its registered address Winshlp House, Vknship Road. Milton, Cambfidge. England, CB24 6AP. 16-