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
Trust￿8
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
IThJePend￿tt oxarnlnefs reF#Yt
Statement of financial aCti￿l￿S
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 ag￿1 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 beC￿nIng 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, t￿c￿eting. 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 edU￿tiOn and Red Balloon offers this servke. This is addressed through local
fiJndrdi8ing and engaging I(￿al bu￿neSseS 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 t￿inIng 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 perf￿ManCe 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, w￿an1 that in January 2021 the
Centr8 had lo ctose for 6 weeks and aca¢JeM￿ and well-being sessi￿8 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 Fur￿tIOnal Skills exams in Ihe summer of 2021 and re5utts were posittve with St￿￿ents
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 r￿re 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 C￿tinUe(l to offer equine and canine therapy os we recgjgnise th8
therapeu￿ benefits anirnals have on our Sl￿je￿ts. Unfortunatety, due to funding constraints th8s8 animal-
based Iherapl8s will need to b8 disc(Intlnued until further funding is found. Friday aftem￿n'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 ac*ievements 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 r￿Trent
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 r￿ulled 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 I￿kS
dosely to our well-b8ing offer. Wrth this in mind wo recruited a new parl-time PE lead to deliver 0nfrto￿lle
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
on8￿8 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 Nnforr*d our Understa￿1ng of the gap in provision. Worknng ￿￿th a
Ioc81 estate agent, a numb8r of potential sites were Klentified. The S￿nd 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 restri￿ed 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 r￿panY 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
(ReSig￿d 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 aC￿rdanCe
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 State￿￿rrt5 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 R8￿MMended practi￿S. AGfxsunting and
Reporting by Charities (2015}-
make judgements and estimates that are reasonable and pyudent"
state whether applicable UK aCC￿JnIIng standards, comprising FRS102. have be8n folkJw8d, subject
to any matertal differences and explained in the financial st8tewEnts. aThJ'
prepare the finanaal statements on the eonc*m basis unbss it is inappropriate to presume that
the tharity wlll o)nlinug in business.
The TTU$tées responslble for ke8ping a(lequate ac(￿Unting records that are sufficient to show and explain
the companys transactions and disclose wth reasonable accuraw at any the financ4al positi'on of tha
cy)mpany and enable them to ensure that the financial statements comply with reg￿atiOnS made under Ihe
Charities Act and th8 CThnpanies Act 2[￿. They are also respOr￿1bIe for safeguarding the assets of the
charity and hen￿ for tsking rea$￿al￿e 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.
R￿ponSIbl1ft18S 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 ACc￿ntsnts 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 act￿nts give a and fairf view which Is not a matter
cOn￿dered as part of an independent ex8M1na￿n'. 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 unreSt￿d 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 fillan￿81 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 A￿Just 2021.
The directors acknoYAedge their responsibilities for ensuring that the charity keeps acu)unting r￿Or{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 aC￿rdan￿ 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
In￿rpOratsd 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 c*ariVs tgoverning docum8nt]. the
Compani&s Act 2006 and 'Acc¢xJnting and Re￿ting ty Charities.. Statwnent of RerK)mmended PrartiGe
applicatle to charities prep8ring their accounts in aC￿rfance ￿ 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 b*AV.
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 f￿eseeab10 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 avaIla￿e fry use at the discrElx)n of the trustees in fr1r￿ranl> 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 a￿1 the aTnount can be quantffied with reasonable accuracy.
The f￿lOwIng policies appty lo particular cat8wies of inc(￿ne.
Voluntary In￿Me is received by way of grdnts, donations and gifts and included in full when
r￿e1vabl@.
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 slate￿nI 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 impai￿ent 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 re￿gniSed 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 ari￿ng on lh& disposal of an asset is determined as the drfl8r8r￿e 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 ImFO1￿ent
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 finan￿al 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 enro1￿1 Into a d8fin8d Lx*ntribution schem6 unless th8y have
exercised their right to opt out. The charty contr11￿tA)n is reslricted to th8 contributions disdos8d in note 8.
The costs of the defined contribution scheme are indLb*J 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 rel￿bty.

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
ActI￿tIeS Adivities
2021
2020
Student fees
618,197
563,347
Investments
Unrostrlct•d Unrestslctsd
fund5
funds
2021
2020
Interest ra￿1Vable
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
0￿￿e 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
PrOfeS￿onal servi
720
11,684
1,176
12.404
10,024
Anatysed be￿en
Charitab18 actiwties
12,404
10,024
Trust88S
No members ol th8 Board of Tnjstees and Di￿10[5 re￿Ived any ramunerat￿n 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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oic
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oro
Joo
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-D7i E._ECL
]cJS>o>r(JrJ2OmtrJ

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
E￿anSIOn- 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 tranSa￿On5
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 1￿Mpary 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-