Charity Reghtratlon No. 1136446 Company Reglltrallon Mo. 7160417 (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 2022
RED BALLOON LEARNER CENTRE READING LEGAL AND ADMINISTRATIVE INFORMATION TrustseB MrTLake Dr J A Nh*(Asby MrA D H Pearson Mr D R thitde M5 L Preston Ms C Bilng (Appointed 22 June 2022) (Appolnted 18 October 2022} (Appointed 14 Septèmber 2022) MSA Gupta Head of cèn Christina Pèpper MiGhgKe Masters (Resigned 31 August 20221 (Appointed 1 OclDbor 20221 Charlty numbgr 1136448 Company numl 715fy417 ReglBtsY¢d offi0• 220 ngS Road Reading RG14JJ Independent gxamln•r Ethn Smrth Chartered Aountants 32 Queens Roa(1 Reading RG14AU Bankers CAF Bank knmited 25 Kings Hill Aue gs Hlll West Mlftg ME194JQ
RED BALLOON LEARNER CENTRE READING CONTENTS Pago Thtst6es' report Ind8pendenl examineVs report Statement of fnancAal actmknes BaPdnce sheet Noles to the financ4al staternents 9-17
RED BALLOON LEARNER CENTRE READING TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 AUGUST2022 The trust6os present their report and finarKaal ststements for the year ended 31 August 2022. The financaal stalernents have been prepared in 8w)rrJance wth the accounting pol1(eS sel i)ut in note 1 trj the financial statements and ojmpty wrth the tharTVs IgovemiNJ docurnent], the Cownpani85 Ad 20LK and Ae¢ounling and Reporting by Chariknes.. Statement of Recommended Practice applicable to charities prEparing their 8ccounts in accordan( the Finaniial Reportwjg Standard applicable the UK and Republic of Ireland IFRS 102)" (effeclive 1 January 20191. Oblect oftho Chaty Thè cknject of the ch8rity is lo advance the edul>ti of thli dren aged 11 to 18 at the Red Baloon Leamer Cenlre. being students who are w¢l'ms of severe bultying. or by re8$on of oth&r emotion81 or mental health trauma. are unable to attend mairkStram 8d)ools. This Is achieved by proMding tuition and appropriat8 supprM1 ftsr them in a safe learning enmronmenl until they are ready to retum to mainstrearn e(lucalion or 8nteT employThenl. Tha Twstses. confirm that they have gtven due regard lo Ihe guidance issued by the Charity Commission on publ1¢ benL Go¥omAnc• The charity has 8 B08rd of Trustees who we TesF4Jnsible kn the governan of the tharrty. The Board of Trustees has the power to appoint new trustees. People wtrwj come to the tDJStee's attention as having relevant experience, interest or expertise are asked rf they W(1 ¢sIder bMIng a Irustee, aro InteNewl by other ITUStees and, il it is considered appropTiale, arp intr1ce to 811 of the tru8¢ee$. AJI trustees subject lo Dbs checks. The Board alms to meet 6 Iwnes per year and hok15 an AGM in the Swing Temi. At eath TrTreeting $bJt pmgre59 Is reviewed and regular managemenl accounts are prowded for remiew by the Trustee5. Safeguarding is atso induded a8 an agld4 tiwn al e8ch meeting. Management Th& Board of Trustees, in consuttation wrth bae Head of Centre, make rJe(x&ons on staffinu, iwjdgeting, and perfOTrn8n rgwgws. Trustee8 need to r8lse local publiG awareness of the need of children who have been so severely bed that they cannot atten¢J mainstream sthool. The aim is to draw attenlion to the fact that suth Children should be provided with fulklime education and Red Balk)tsn ollers this service. This Is addre$$8d through local fundraising and engaging Itxal businesses and S(*IS in vc4unteering sèrvKes or fundraisubg for us. Red Balloon Learner Centre Reading is part of the der Red Baloon Group. This prowides a forum for the Tru51eeg and staff lo share experiences. diSsS common wblems and make joint fepresenlations to the Board of Red Balloon Leamer Centr8 Gioup. Rl$k •natysls The trustees have 6xamHied the major Strateg and operatic iisks whith Ihe charity lar£s. The main areas of concern are: 1. Safeguarding and continued education ofthe sttjdents Safeguarding of students is of the highest prfLty and ¢9 cont5nually MMitd. Ongoiny staff ts8inlng In He8Kh & Safety and Child Prole(aion is prowded regarfy. In addrbon, a full range of polic4es are regularly rewewed by staff and Iruslees. 2. Sourcang ollundlng for stud8nts staff, supported by Twslees, ntinUe to make strenLK)us efforts tsJihJing and Matyilainlr good relationships with education establshments and local authoTth'es. Th8 Trustees and Head of Cerrtre have developed a feo prl¢lng stw¢ture that reflècts the varyng suppjrt and educational ne&Js of each 5tudenL The trustee8 have assesseil lh& major risks to which ihe tharrty is exposed. aThJ are satisfied that systems are in place to Mitigate expoSUTe to fho major risks.
RED BALLOON LEARNER CENTRE READING TRUSTEES, REPORT {INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2022 Achievemonts and Perfornwnco oftho Charity The trustees are salisfied with the rf0M13nce of the tharity for the year ending 31 August 2022. The obj8Qtives of the canty are onty athieved through the skill. hard work and dedication of the staff and volunteers 8t Red Balloon and as Trustee5 we arg indebted to the team. The charity supported 25 students during ts year. Of Ihese students 14 Still vrith us at the stsrt of the 2022123 academoc year. Of those who left, eighl were year 11 or older, seven of whom tranSl0ned to fijrther education or training. Three younger Students were supported lo tsnsltiC lo wowision more appropriate to their needs. Five students sal GCSE andlor Funcunal Skius exams in the summer of 2022. Although not all predicted grades were achieved. the results were 5btiN given this was the firnt tradibonal set of exams sitKe the pandemic lockdowns. During the year we recivgd funding to sVkWOrt the devekipment of our speeth and language therapy offer, to purta89 now resources anil instruments art Mnd music therJpy, and to orgariisè 8 special event for students. Red Bajknon 18 not just about a¢ademic results but abo ging students a wider ieaming experie and foejjsing on wellbelng and personal develowMnL Signrficant Ilme. eneryy and expBrtise i% given to ensuring this is achi6v. W•llbelng Wellbeing provi0 5$ centrBI lo our supyjrt of $Ien1$ and this yw in partiL2r wg worked to put more structure Into the mentoring sessions by trialling a new rde. the PaslN81 Sludenl Support Assistant ISSA). The pastoral team (Lead Therapist, Outrèach Manager, SENCO and PasloTal SSAI met more regulaty this yeaT and completed a reeW of the therapeLEb¢ and wbng sUpp[t being offered to sthdents. Thi5 helpod lo identify gaps. We added Speech and Language Therapy (SALT) to our offor and this yew have offered on&tO-ono and group sessions for those students who hav& SALT identified on thdr EHCP. We a150 started using the wal[- EdSnburgh Wel1bng Scale to track wdkbeing progression. The Oulre8ch programme nNUed to devdop wrth our Outreach Manager and Outreach Wortrer 5UPPOrting 15 young people and thr farnile5 over thg year. To improve communicatFon (e of our Student Support Assistsnts has been identiffied to WOTk in a liatson rolè botsleen Outrea0 and the Centre. WB have continuod to Cirde fime seswons and have irwofved students in (x)mmunity acttvities ithin the Centre. Al studen15 have a lutor and at the beginniro ofthe day there is a tutor time Session from 9.15 am. We a150 trfaled a Friday Assemt4y which gave us an OKVOrtunty to o)me lts98ther as a communty before lessons began. Eating together 18 another important part of our wbeIng and pastoral care and thi8 3spect of the provision has ¢h8ng8d Sin the first Cow&19 lockdown. A smav number of students oat in the Cornmunty room wlth ¥n equal number eating upstairs in the group sp. Wlder learnlng and pevsonal d0pment Following the lifting of restridions Yle were able to offer a less limited range of enrichment activibes for wr Students this year indudlng trips to The LN)k Out Discovery Centre, The Base. MestOneS, The Globe, Dinlon Pastures, Th& Liking Rainfores( Zoo and Thorp8 P. along with opixfftunities io ty k8yaking and rock dimbing. During the year we also had a range of culiura] actmtses in the Centre and students took part in fiJndrai81ng fr)r uaIn18n refugees and in inl8rgeneration81 Yth wlthAusten Care Homè. Future plam ofthe Charity After discussion with s&veral local authorlties and the drafb.ng of a kxjsiness an. in Marth of 2021 we bègan looklng in earnest for a location for a second site. Continued uwrd trends in refeTlS and the limrtations to broaden the ujrriculum at our sile. nfOr(d our understanding of the gap in prO810n in this localty. Working Imlh a Ii)cal estate agent, a sile was hlentrfied. Unfortunately our 8ppli¢ation for change of use was rejeded by the borough council. We remain 0)Mme to establishing a second centre and continue our sear for a suitable sile.
RED BALLOON LEARNER CENTRE READING TRUSTEES, REPORT {INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2022 Flnan¢lal rovlew Total unrestricted income during the period was £671,917 {2021 - £622,PA21 an viuease of 7.VA. This u)nsisted largèly of inccrfn8 from the local authoriiies Vthith was recvÈd to fund the education and weifbelng of the Btudents whilst outside Mainst8M edu¢ab"on. Totsl r8StrKaed donatK)ns in the year were £6,128 {21 £34,973), see note 13 IOT delai15 of these lunds. Total expenditure was £630.589 {2021- £546:319) and incajrred in perfomianee of the tharitab actiMti&s of th& company, incjuding staffing, dirèct student CSt$, Tent. utilibes and other general njnning costs. An unrestricted surplus of £47.862 was recoryjed, bringing totsl nl¢led fijnds to £380,989 and wlhin our targele(I reserve pollcy. We would Ike to thank dl those that have fundrw5ed, donated and vclunteeTed time during the year. The Trustee8 poliry on finan reserves is to ensure a minlmum of >6 months of re88rves are h8ld in the bank account, in addillon to any spedfi¢fy dEtemilned Tequirernent& Res•Nes policy The Truslè6s policy on finanraa resenrns Is to ensur8 8 m5nlmum of >6 morths of rgserves a held In the bank account, in addition to any spelaficty detwmined requTremwts. Th• investmoTrt policy and oblective• The trustees. poliGy on investrnent És to retain the surplus fijnds interest bearing deposit accounts. The tru8tge8, who 8r¥ 81sty the directors forthe pury)080 of (xxnpany Lgw, and served during the year and up to the dale ol slynaiure of the financ4al Statements were: Ms G T Godwin Mr T Lake Mr G M McDonald Dr J A Nlcholsby MrA D H Pearson Mr D R Whiiile Ms L Preston Ms C Bllling MsAGupla IRe5ign&J 30 November 2022) (Resigrd 31 August 2022) IApF4)inled 22 June 2022) (Appointed 1B October 2032) (Appointed 14 Sèptèmber 2022>
RED BALLOON LEARNER CENTRE READING TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) ICONTINUED) FOR THE YEAR ENDED 31 AUGUST 2022 statement of Trustees. Responsibilities The Trustees Iwho are 8150 D1Clor5 of the Red Balloon Learner Centre Reading for the purposes of company lawl are responsible for prepgring the Tru51ee's Report and the financial statements in 8¢COTdance with applicable law 8nd regulalion5. Company law requires the Trustees lo prèpare financial 518lèments for each fin8nual year. Under that law, the Trustees have prepared the financial $18tements in accordance with United Kingdom Generally A¢cepted Accounting Standards and applicable law. Under company law the directors must not approve the fin3N¢i81 staternenls unless they are Satisfied that they give a Itue and lair view of the state of affair5 of the company and of the incoming resources and application of resource5, inoluding the income and expenditure, of the chaTltable company for that period. In preparing those financial statements th6 Board is required lo." select suitable accounting policies and then apply them consistently., obsetve the methods and principles in the Staternenl of Recommended Practices.. Accounting and Reporting by Charities120151', make judgements and e51im8tes that are reasonable and prudent., state whether applicable UK 8¢¢tsunting standards, comprising FRS102. h8ve been followed, subject to any material drfferenees and explained in the financial statements, and.. prepare Ihe financial statements on the going concern basis unless it is inappropriate to presume that t he chaTily will continue in business. The Trustees aTe resptsnsible for keeping adequale accounting rècords that are 5uffi¢ienl to show and explain the company's transactions and disclose with reasonable accuracy al any time the finan¢ial position of the company and enable them to Ènsure that the financial statemen15 comply with regulation5 made under the Charities Ad and the Companie5 Act 2006. They are also responsible for Safeguarding the assets of the charity nd hence for taking reasonable 518ps for the prevention and detection of fraud and other irregularities. Thi5 report has been prepared .in accordance with the provisions applic8ble to eompanies subjeci to the small companies, Tegimè. The trustees. report was approved by the Board of Trustees. MrA D H Pearson Trvsleo Dated.. 2013
RED BALLOON LEARNER CENTRE READING INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF RED BALLOON LEARNER CENTRE READING I report to the tharity trnslee5 on my examinatton of the accounts of Ihe o)mpany for the year enthd 31 August 2022, which are set out on pages 6 to 17. R•$ponlbllItl and basis of report As the ch8dty's trustees Df the ccffipany (and also its dire(ots for the purF)ses of ¢J)mpany lawl you 8r8 responsSble for the preparalion of the accounts in ardance with the requirWnts of thp Companies Act 2006 Cthe 2006 Act.). Hamng satisfied myself Ihat Iho a¢t>)unts of the company are not required to be 3udrted under Part 16 of th8 2006 Act and ar8 éligible for independenl examination, I rewt In igspect of my examination of your dwrtys accounts as carried out under seGtion 145 of the Chwit¢es Ad 2011 (the '2011 W. In (irylng out my &xaminallon I have followed the Direcons grven by the Charity Corrrfnission under ¥ethDn 14515}(bl of the 2011 ACL Independent 8X8mlnefs Trport Since the companys gross income ¢xcgeded £250,000 your examiner must be a member of 8 body lislgd sedion 145 of the 2011 Act. I CA)nfirm that l am qu1e£l to undertake thè examination bwAuse l am a member of the Instilute of Chartered Accountsnts in England and whth ts one of the listed bodies. I have comKAeted my examinatkoll. I c¥)nfimi th81 no mgttern come lo rny In (y)nnection with the examination giving me USe to bebeve.. aOunthg Tecords wer8 not kept in TaSlrt of the (>Jrnpany as raqu[d by #e¢tSon 386 of the 2006 Att. or 2. the accounts (lo not acD)rd with those aD)Junling reo)rds: or 3. the aLuJunts do not oynFty with the acc#yJnting requirements of sgthon 3* of the 2006 Ad other than any rgquiremonl Ihat the accou1 gNe a and fall which Is not a rnattoi cAnsidered as part of an Indedent examinalion., or 4. the 8ccounl8 have not been prepared in a(x))rdanee wilh the methods and prINpIeS of thè Staiemenl of Recommended pradce for a(1n111)g and reporting by ch8titiès applicablè to thaiities weparing their ac£y)unts in acwdance wilh the Finanaal Reporting Standard applicat4e in the UK and ReF}Ubl of Ire18nd IFRS 1021. I have no cx)nc8ms and h8ve come across no olher matters In conneth.on with the examination to which attention should bè drawn in this report in order to enable a pwper undeTrtanding of th8 a0u18 lo be reached. Edn Sm Chartered A¢countsnts 32 Queens Road Reading RG14AU 12 May 2023 Dated.. ........
RED BALLOON LEARNER CENTRE READING BALANCE SHEET AS Af31 AUGUST2022 2022 2021 Nots Fixed a5$ets Tangible assets 10 28.145 26.e17 Current assets Debtors Cash at bank and in hand 11 3,796 410,103 177,867 355,619 413,899 533.486 Crèdltors: amounts falling duè wlthin one year 12 {29,380) (196,915) Net current assets 384.519 336,571 Total assets le$¥ ¢urr•nt Ilabilities 410,664 363,188 In¢omè funds Restricted funds 13 29,675 30,061 Designated funds General unrestricted fiJnd8 14 168,187 212.802 178.560 154,567 380,989 333,127 410,684 363,188 The ¢omp8ny is entitled to the exemption from the audit requiTement contained in section 477 of the Companies Act 2006, for the year ended 31 August 2022. The director acknowledges her responsibilities for complying with the requirements of the Cornpanies Act 2006 with respect lo a¢counting records and the preparation of financial slatemenls. The members have not reqvired th¢ company lo obtain an audit of its finanaal statements for the year in question in accordance with section 476. These financial ststements have been prepared in a¢cordance with the provisions applicable to companies subjed to the small companies regime. financial statements were approved by the Trustees on . fu heLIL A023 MrA D H Pearson Tru$te• Company regi$tratlon number 7150417
RED BALLOON LEARNER CENTRE READING STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2022 Unrestricted Restricl•d funds funds 2022 2022 Total Unr•stsl¢tsd Restrf¢t•d fvnd$ fund$ 2021 2021 Total 2022 2021 Donations and legacies Charrtable activibes Investmerrts 6,128 6.128 671.757 4.418 818.197 27 34.973 39.391 618.197 27 671.757 Total Incom• 671,917 6.128 678.045 822.642 34,973 657.615 CharkEablo a1Vity 624,055 6.514 630.569 508,419 37.900 54e,319 Gross transfers between nds Not inGomellexp•ndltur•l for the yearl Net movement In fund* (13,89n 13.897 47.882 47,476 1{,326 10,970 111,298 Fund balancfjs at 1 S9plember 2021 333.127 30.1 363.188 232.801 19,091 251,892 Fund balances at 31 August 2022 380,969 29.675 410.664 333.127 30,061 363,188 The sL7tement of finaniaal acbvities indudes all gans and It@S reniSed in the year. AJI incomo and expenditure derfvp from (x)nbnuiThJ e5. The slalernent of fftianiyal actiwties aLso complies with the roquwem8nts for an Inc#)me and èxpenditure account under the CompaniesAct 2006.
RED BALLOON LEARNER CENTRE READING STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST 2022 2022 2021 Notss Cash flows from operafjng activiiles Cash g&nerated from operations 82.612 83,260 IMITrg activlll Purchase of tangl1e frfj assets Inve5tmenl Income rec4ived {8,2881 130,990) 27 Not ¢ash u•od In Investlng aGll¥llle8 {8.1281 (30.963} Not cash usgd in financing activiti Net InErnase In cash and Cuh oqufvalents 52,297 Cash and cash equrvaknls at begwining of year 355.619 303,322 Cash and cash equivalenis at •nd ot yur 410,103 355,619
RED BALLOON LEARNER CENTRE READING NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022 AcGounttny policles Charity infomi#tion Red 88lloon Leamer Centre Reading is 8 r8gist8red thaEity and a company Ilmrted by guar8ntee intpOrated In England and W810s. Th8 giSter8d olThx is 220 lfjngs Road. Reading. RG14JJ. 1.1 Ac¢ounttng convantlon The financial statements have been Prepared in acrxjrdarw with the ¢h8rity's tgoveming do¢umentl, the Companio5 21x16, FRS 102 The Financtal Reporbng Stan(lard 8PF41b1e in the UK and Republic of Ireland. ('FRS 102? and the chare5 SQRP "Artounting and Reporting by Charities-. Slalement of Recommended Prndie appcable to Laribes preForing their ac£ourrts in aordanCe with the Finanoal Reporting Standard applicable in the UK and ReputAic of IrelaThJ IFRS 1021. (effective 1 January 20191. The charity is a Public Benefrt Entity as defined by FRS 102. The charty has tskw advantage of the proM8ions In the SORP fw tharifie5 not to prepare a Statement of Cash Flow8. The finan¢i21 slat¢rnents are prepared in steilng, whith is the funcMal cawffjncy of th& chaiity. Monetary amounts In the$6 finan0 statements are rounded to the nearest £ The finanual statements have been prepared under the historic41 cost o)nvention. Tho prin¢Èp81 acuuntlng pollues adopted are sel out beknw. 1.2 Golng concern Al the of appron9 the )InaniiaF slalemenls. the 1ru$lees have a reasonable exrctstion that the charity has adequate resour(s to continue in operational eSten for the foreseeable fulure. Thus the trustees continue to adopt Ihe going basis of accounting in preparing the finanud statements. 1.3 Charitable funds Unrestricted fvnds a available for LES8 #t the disrxetion of the trustee5 in fvrtherance of their chaiitabie objectives. Restricted funds are 8ubjec to specific ts)ndin5 by donors as to h( they may be used. The purwses and uses of the restricted fund5 are set oui in the notes to the )Inanc4al statements. 1A Income All in(xJme resources are induded in the Statement of Financgal Actwibes when the tharity is entitted to, and suffici¢ndy certain to receive. the income and the amouni caft be quatrtffied wth rgasonablg accuracy. The folowing polloes appty to parb(#Jlar categories of iwmg: Vcluntsry in¢ome is receNed by way of grarbls, donatiDns and grfts 8nd is iNAuded in full when re1¥able. In(oming resources from chaFilable adnnties are accounted for when eamed. Deferred InMe Telates lo student fees which relale to fuiure actounting perifxI&
RED BALLOON LEARNER CENTRE READING NOTES TO THE FINANCIAL STATEMEKrs (coMriNUED) FOR THE YEAR ENDED 31 AUGUST 2022 Accounting poll¢l•8 IContInu) 1.5 Exp&ndlture Expenditure is recognised once the is a legal or con3tTUCtive obltgation to transfer ett>nomic benefit to a third party, it is probable that a transfer of economic tenefits will be Yequired in settlement, and the amount ol the obligation bo measuwl rdiawy. Expenditure is da55rfied by actmty. The c4)3ts of acti are made up of the total of dIrt cDs15 and shad costs. induding support sts inNthed in undertthng each athty. Dred costs attributat4e to a single activity are allocated direclty to that acbvty. Shared costs whith contribute to more than one aCtlty and support Costs whlch a not attrikxrtabte to 8 single a apportloned bett¥een those activities on a basls consistent th the use of Tesources. Centrd staff ¢))8ts are allotated on the basls of time spent, and depwiation charges are allocated on the porfion olthe assevs use. R68ourc4s expended are indude(l in the Ststement of Finaniial Acbvibes on an accruals basis, indusive of any VAT that cannot be recovered. 1.6 Tangible fixed ass¢ts Tangible fixed assets arg inib8ny m985ured at ¢$t and subsequgnty measured at C05t or vJyation, net of depreciation and any impaimenl $Se8. Expenditure on fixed assets 15 onty (apitalised where il exceeds £1.000 and ha3 an exFeCted u8efiJl life grèBtgr than one year. Dopredation is r8cvJnised so as lo write off the o)sl or v&uation of assets tess theiT resKlual Valu over their usefvl lives on the following bases.. Flxtures and fftn9$ Computers Molor vehides 7 years straigm lin8 3 years straight line 5 Yea stwht line The gain or loss aring on the disposal of an asset is determin as the drfteTence between the sale PfO¢8ed8 end tho caTrying Ydbje of the asseL and is rgcognised in the stBlÈment of financ4al 8diMtie$. 1.7 Impairment of flxgd assgts At &a¢h reporbng end dale, the charity reviews Ihe CarryW amounts of ils tangible assets to delerrnine whether thero is any indi(slion thai Ihose assgls have suffered an impairment loss. If any such indration exists, the recoverable amount of the asset is estwnated in order to detemilne thè extent of the impaimwrt loss (if any). 1.8 Cagh and cash equivalents Cash at bank and in hand indudes cash and cash hekl at bank cuent a(zounts and short lerrn Fighly liquid investrnents held on deposit aCunts. 1.9 Financlal Instrumonts The charity has finan(¥a assets and finanoal liatmlities of 8 knnd thgt qualwy as basic finaal instruments. Baslc financial instruments are inthalty recogni5ed at trdll5aGtions value and subsequently measurgd attheir setuement vthe. 1.10 Leases OFeraling leases are reeognised o*rthe perfod of whith the le88e fal8 due on 8 str8iglrt lin& basis. 1.11 Pènslon Schemes Employees of the charty are automati¢ty enrolled into a defined contribution scheme unles5 they havo exerased their right to opt The cl)arity contribution is restricted to the contributions disdosed in nol8 8. The costs oflhe dene o)ntrilxJtion SChe are induded vAthin n'ed lunds. 10-
RED BALLOON LEARNER CENTRE READING NOTES TO THE FINANCIAL STATEMEKfS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2022 Accounting pollclts (Continued) 1.12 btOrS Debtors ar& recognised atthe settlement amount due. 1.13 Creditors Creditors and provlsions 8T9 rocogrdsed as scrf)n 88 thwe Is a legal or ¢struCtive obllgallon c(*nmitting the charity lo that expenditure. Tt is wobable that seluemenl wll be required and the amount of the obligation tab be measured reliabty. Donation$ and lega¢tB8 RestrKted Unrestrirted Restri(led funds fijnds nds Total 2022 2021 2021 Donations 6.128 4,418 34.973 39.391 Charllablg èetlvltlss Charftsblg Charltsblo A¢tlvltle6 A¢VItieS 2022 2021 Student fees 671.757 618.197 UnTr¥trirted Unrestricted fund$ fund5 2022 2021 InterEsl receivable 160 27 11
RED BALLOON LEARNER CENTRE READING NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2022 Charftable acOvhl Charitable Charftsblo Actsvliie8 Activbties 2022 2021 Staff costs Depreciation and impairment Travel and subsisten(% Student operating costs Red Balloon of the air costs Other lèaehinu rèsources Arwmmodati(>n, food and deanwtg Communlcat#)n Insupan Red Balloon Education Trust supwt fees Consumables Rent and rale8 Training and rocnjilment Repairs and meintenan oirice equipment Utilities Sundry operatij expendoture Other charitable expenditure 439.916 8,760 2,949 349.226 4.373 5,402 25,124 34,532 9,76e 6,407 4.012 3,230 8,QOO 11,255 27,143 13.479 22,887 2,336 5.849 5,405 8,191 6.801 1,052 4,368 10.046 27.596 6.967 29,170 3,420 6,496 1.547 607,433 $33,915 Share of goveTn8nix (x)sts (see note 6) 23,136 12.404 630,569 546.319 Anal18 by fd Unrestricted funds Restricted fund5 624,055 6.514 $08,419 37.9 630.569 546,319 -12-
RED BALLOON LEARNER CENTRE READING NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2022 Support Costs There were no suppKfft ojsts during fhe year12021". NID. G¢)veman¢e $ts wore as fdlows.. Governance Govemance CO8ts 2022 2021 Independent examiners fee Professional seNlce8 835 22.301 720 11,684 23,136 12.404 Analysed btheen Chaiiiable aCtleS 23,138 12,404 Trustw$ No members of the Board of Twstees and recived any remuneTatKJn during the year or prijr year and no expenses were rewnbursed. No tnJ$lee (K other pwson related lo thè tharrty has any person81 inte1 In any conltad or trensaLion entered Into by the L8fity during Ihe year or year. EMplooS The average monthty numbw of empbyees dutlng the yearwas: 2022 Numb•r 2021 NumbeT 21 19 Employment costs 2022 1021 Wages and $8larfos s81 security costs Qther pension costs 401,316 25,782 7.8C) 325.108 18,321 5,797 434.898 349,228 Th& key management peT50nnel ofthe c*arity comprise the Injstees. the Head of Centrè and bmo Deputy Heads. The total employment benefrts oflhe key managernènl personnel of the Ttust Was £101,46412021- £71,070- pre$ty onty ong Depity Head) There were no employees whose annuEJ remuneration was more Ihan £60,CrfIO. 13-
RED BALLOON LEARNER CENTRE READING NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEARENDED 31 AUGUST2022 Taxatitin No liabilty lo UK CO1ratIon tax arisès as the company enjoys c*aritable sLItus. 10 Tanglblg fix8d assets Flxttw88 ond ¢omputw¥Mrknrv•hlcl&s Total Cost At 1 September 2021 Additions 10,590 20.4CK) 30,990 8,288 1,752 At 31 August 2022 1.752 17.128 20,4CQ 39,278 Deprn¢latlon and Impalrww Al 1 September 2021 DepraOn charged in the year 1.653 4.492 2,no 4,080 4.373 B,760 Al 31 August 2022 188 6,145 13,133 Canylng amount At 31 August 2022 10.981 13.6QO 26,145 At 31 August 2021 8,937 17,680 26,617 11 D•btor4 2022 2021 Amounts falllng within one year. Trade debtors Prfjpaymonts and acuued income 174,265 3,796 177.867 12 Crndltors: omounts tslllng du• wlthln I9 ythv 2022 2021 her taxation and soclal wrty Trade c¥editors Other ergditors Accw81s and er[ income 6,069 19,057 1,519 2,735 14,284 1,191 180,781 29,380 196.915 14-
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RED BALLOON LEARNER CENTRE READING NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2022 14 De8ignat•d lunds The income ndS of the charity indude the foMDwing designated funds which hav8 been s&t asidè OLrt of unrestricted funds by the trustees for speuTrc PVTposes: Movement in fund5 B*nco * RMour¢88 Balancé at •xpwMled I s•ter 31 Augu 20 2022 1 SoptwnbBr E%pan8lon 180,(KK) (1,440) 178.560 (10,373) 168,187 180.( (1,440) 178,560 (10,3731 168,187 Expansion- Funds to wjpport the openrng of a second centre in the Reading area. 15 R•latsd party trans40 There were no Tdaled party tranBactÉons cthide ofthose trdnsa(knns wilh other Red Balloon entths. Th& membBrs of thg Company comprise the tnjstees and Red Baloon EducaJonal TwBt (company nurnber 05385341). Coixes of its ujnsolidaled accounts. 1¢h indude the Company, are availatle from11s registered address Wllow Lodge, 37 Hh Street, Plilton, Carndge, England, C824 6DF. IS Cash generntpd from operations 2022 2021 Surplus for the year 47,476 111.296 Adjustments for. Investment in¢ome recognised in statement of finan(ial aothbes Depreciation and impairment of langitAe ffixed ass&ts (1601 8,760 (2n 4,373 Movements In wothng ¢apltsl'. DecreaselQncrease) In debtors IDecre88e)Iincrea8e in u8dit¢)rs 174,071 (167,535) (68,601) 34.219 Cash generatod from oporntionB 62.e12 83,260 17-