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 Bil￿ng
(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
Eth￿n Smrth
Chartered A￿ountants
32 Queens Roa(1
Reading
RG14AU
Bankers
CAF Bank knmited
25 Kings Hill A￿ue
gs Hlll
West M￿lftg
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 Cha￿ty
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$on of oth&r emotion81 or mental health
trauma. are unable to attend mairkStr*am 8d)ools. This Is achieved by proMding tuition and appropriat8 supprM1
ftsr them in a safe learning enmronmenl until they are ready to retum to mainstrearn e(lucalion or 8nteT
employThenl. Tha Twstses. confirm that they have gtven due regard lo Ihe guidance issued by the Charity
Commission on publ1¢ ben￿L
Go¥omAnc•
The charity has 8 B08rd of Trustees who we TesF4Jnsible kn the governan￿ of the tharrty. The Board of
Trustees has the power to appoint new trustees. People wtrwj come to the tDJStee's attention as having relevant
experience, interest or expertise are asked rf they W(￿￿1 ¢￿sIder b￿MIng a Irustee, aro InteNewl by other
ITUStees and, il it is considered appropTiale, arp intr￿1￿ce￿ to 811 of the tru8¢ee$. 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 $bJ￿t
pmgre59 Is reviewed and regular managemenl accounts are prowded for remiew by the Trustee5. Safeguarding is
atso induded a8 an ag￿ld4 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 b￿￿ed 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. diS￿sS 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 prfL￿ty and ¢9 cont5nually MMit￿d. Ongoiny staff ts8inlng In He8Kh &
Safety and Child Prole(aion is prowded reg￿arfy. 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 c*anty 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 tranS￿l0ned to fijrther
education or training. Three younger Students were supported lo tsnsltiC￿ lo wowision more appropriate to their
needs. Five students sal GCSE andlor Func*unal 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 rec*ivgd funding to sVkWOrt the devekipment of our speeth and language therapy offer,
to purt*a89 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￿ gi￿ng 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 provi￿0￿ 5$ centrBI lo our supyjrt of $I￿en1$ and this yw in parti￿L2r 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 re￿eW of the therapeLEb¢ and w￿￿b￿ng 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 wa￿l￿[-
EdSnburgh Wel1b￿ng Scale to track wdkbeing progression.
The Oulre8ch programme ￿n￿NUed to devdop wrth our Outreach Manager and Outreach Wortrer 5UPPOrting 15
young people and th￿r 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 w￿beIng 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 d￿￿0pment
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. M￿estOneS, 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
u￿aIn18n 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 refeT￿lS and the limrtations to
broaden the ujrriculum at our sile. ￿nfOr(￿d our understanding of the gap in prO￿810n 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)Mm￿e￿ 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 rec*vÈd to fund the education and weifbelng of the
Btudents whilst outside Mainst￿8M edu¢ab"on. Totsl r8StrKaed donatK)ns in the year were £6,128 {2￿1
£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 C￿St$, Tent. utilibes and other general njnning costs.
An unrestricted surplus of £47.862 was recoryjed, bringing totsl ￿n￿l¢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 spelafic￿ty 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)
(Resigr*d 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 D1￿Clor5 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•$pon*lbllItl￿ 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 a￿rdance with the requirWn￿ts 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 Direc*ons 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 qu￿1￿e£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..
a￿Ounthg Tecords wer8 not kept in TaSl*rt 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 Inde￿dent examinalion., or
4. the 8ccounl8 have not been prepared in a(x))rdanee wilh the methods and prIN￿pIeS 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 a0￿u￿18 lo be
reached.
Ed￿n 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 a￿1Vity
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 re￿niSed 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
IMI￿￿Trg activlll
Purchase of tangl1￿e fr￿fj￿ 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 int￿pOrated
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 8PF41￿b1e in the UK and Republic of
Ireland. ('FRS 102? and the char￿e5 SQRP "Artounting and Reporting by Charities-. Slalement of
Recommended Prndie* app￿cable to L*aribes preForing their ac£ourrts in a￿ordanCe 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 func*Mal cawffjncy of th& chaiity. Monetary
amounts In the$6 finan0￿ statements are rounded to the nearest £
The finanual statements have been prepared under the historic41 cost o)nvention. Tho prin¢Èp81 acuuntlng
pollues adopted are sel out beknw.
1.2 Golng concern
Al the of appro￿n9 the )InaniiaF slalemenls. the 1ru$lees have a reasonable exr*ctstion that the charity
has adequate resour(*s to continue in operational e￿Sten￿ 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)ndi￿n5 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
re￿1¥able.
In(oming resources from chaFilable adnnties are accounted for when eamed. Deferred In￿Me
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 dIr￿t cDs15 and
sha￿d 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 aCt￿lty 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 fft￿n9$
Computers
Molor vehides
7 years straigm lin8
3 years straight line
5 Yea￿ stwht line
The gain or loss ari￿ng 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 cu￿ent a(zounts and short lerrn Fighly liquid
investrnents held on deposit aC￿unts.
1.9 Financlal Instrumonts
The charity has finan(¥a assets and finanoal liatmlities of 8 knnd thgt qualwy as basic fina￿￿al
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 de￿ne￿ o)ntrilxJtion SCh￿e 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 operati￿j 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
Anal￿18 by f￿d
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 ￿$ts wore as fdlows..
Governance Govemance
CO8ts
2022
2021
Independent examiners fee
Professional seNlce8
835
22.301
720
11,684
23,136
12.404
Analysed btheen
Chaiiiable aCt￿leS
23,138
12,404
Trustw$
No members of the Board of Twstees and rec*ived 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 inte￿1 In any conltad or trensaL*ion
entered Into by the L*8fity during Ihe year or year.
EMplo￿oS
The average monthty numbw of empbyees dutlng the yearwas:
2022
Numb•r
2021
NumbeT
21
19
Employment costs
2022
1021
Wages and $8larfos
s￿81 security costs
Qther pension costs
401,316
25,782
7.8C*)
325.108
18,321
5,797
434.898
349,228
Th& key management peT50nnel ofthe c*arity comprise the Injstees. the Head of Centrè and bmo Deputy
Heads. The total employment benefrts oflhe key managernènl personnel of the Ttust Was £101,46412021-
£71,070- pre￿￿$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 CO￿1ratIon 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
Depr￿a￿On 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 I￿9 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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Ocwu
¢c£J J vj

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•￿t￿￿er 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 trans4￿0
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 H￿h Street, Plilton, Carn￿dge, 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-