Charlty Ro918tratlon No. 1136446
C￿n￿l R•gknlk*n No. 71504171Englond Md w￿•¥)
RED BALLOON LEARNER CENTRE READING
(A PRIVATE COMPANY LIMITED BY GUARANTEE)
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

RED BALLOON LEARNER CEKfRE READING
LEGAL AND ADMINISTRATIVE INFORIIATION
MrT Lake
ADHP￿SOn
mse￿￿j
(ApF4￿￿ted 18 October2022}
lfvpp(4rted 14 Stytsmber
2022)
Held of ¢tsntr•
IPwint8d 1 Ora(tsr 2022)
Charlty numbgr
Company nufflb
7150417
Reathng
RG14JJ
Indop•nd•nt ox*mkn•r
32 Ro&J
Rea*ng
RG14AU
Banke
25 Krys FMAYenug
Klngs Hll
ME19 4JQ

RED BALLOON LEARNER CENTRE READING
CONTENTS
Pago
Indepèndent eyAmln¢l$ rewmi
ststemwbt cIfir￿nclaI aAivllo8
Ba* She
Note5 to the statsm8rt8
9-16

RED BALLOON LEARNER CENTRE READING
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 AUGUST 2023
Thè tN8ts0s preaent thdr rwl aThl fin￿ry01 8talwn*ts ts Ihe yw •th131 A￿uSt 2W23.
financial ststsffl￿ts and COM￿ d￿￿ty,3 govern￿ d0￿men( Ihe Ad 2006 and
"AccountirvJ and Reporllng by Charftle8'. Ststsm&rt of Recomm￿ed Prnctre wh'Gable to tharitiè8 pyeparlng
(hir a¢￿Unts in aCcorda￿e the FIr￿Cle1 Rqxirtry Sfa)d¥d akylicabkn in the UK Re￿￿11C d Ireland
{FlkS 102)" loff￿1N• 1 Janw 20191.
ObJ￿t oltho CharRy
Tho obigct of the is to advance the ￿e&liC￿ of dthn 4od 11 to 18 at tha Ballrth Learner
Cèrtre. batng stud￿t5 who ar6 ￿￿1￿8 of severe by re88c￿ of clhor thTr)bonal or mentsl hèalth
trauma. are unabl6 lo attend mainstream 8chocl8. Thi8 is athieved by luttion and 8ppwata 8UPPOrt
for Ihom in a 8afe laaming environm8nt unlil Ilw we rg*ty lo ralum to m8Instr8￿ 8th￿tion ￿ enter
employmenL Tr Trustees. conftrm that thty ha￿ 4von thJ8 regwd to ttw wldm Isw¢(I by th• Charity
Commi88lon on puMG
The thar1ty has a 8owd of *tK> ar8 f•8F*)nwbl6 Ic¢ Ih g)vem￿Ce cl the cPtarly. The Board of
Thistees ha8 the pwr to appdnt new tru8le88. People who come to the tntstse'5 attenthjn as havlng fdevw
expwience, interest CT exp8rtig8 are asked W tw V4tsuld consldor a trusl80. ¥8 inlwiewod by oth
trustees aKI. M il Is corffjld•red aFwri*e. we 1n1rothK￿ to tho tsIMl•8& Al trust¢OS arg s￿)ioCt lo OBS
Tho Board alms lo meet 6 Imes pw AGM kn thfy Sprfry Term. At each 8tudent
ogr￿$ is revithyed and regular m￿age￿nt accourt¥ aTe reviww by Safogu8rthg Is
80 Irdudéd as an ag6nda Itèm at 6ach m88ITrJ.
Man•g8mont
The Board of TnJJtoes, kn cOrMAt*1￿ *lth t￿ H8*J of Cer*e, mthe ts¢lsbn8 ￿ 8tafflro. and
Tnths need to ralse I¢￿1 publlc 8Mengss of tho nood of thikJT8n V*ho have bean so severety buled that
ty rnnntst atteThJ malnstream 8dKJoI. Tho ain ￿ to attenllon to the fact thal S￿h childm ¥hould b•
provlded wlth fvTh-fjme gdu¢ation and Red Ball¢Jon offèrs thi8 seThi¢e. This Is addrss8ed through k)cal ftjrthlskng
and ongagiNJ local bJsine5608 and $thoc46 In vobjrteerlng w¥Ke$ or f￿￿rai￿g fr)r u8.
Red Ballo￿ Leaw Cerrtre ReadltYJ k p￿1 of thè Red Growi. Thbs proth 8 forum for
Trustee3 and staff to share experien￿. ¢xffim￿ wobl*ns 8ThJ make lolnt wre8entafjon8 10 thè Board
of Rod Bauoon Lèamèr Centre GroLP.
Rl8k analy
The trust88s hava èYaI￿ thb mahx strnt* tho clwity fac¢#. Th6 maln
areas of Co￿eM
1. Sof4u*Ading and 8¢kKati￿ oftssttKlgrts
Safeguwdtrw of 8tthts 18 ofthe hlty*8t and Is monttored. Orwkng tralnwig kn Heaiih &
Safety Chlkl Prot&*n is I￿rky. In athjllm. a fil rwB ol F￿￿e& *è rawlarty revithved by
2. Sowdng of fund￿ dudorts
Staff. supported by Tnthe6. lo ￿ke buikkng ￿ maintaimg relattOnsh￿ wii
educallon estsb1shM￿ls and loc81 ￿thOrI￿e$. The Twstees Hfjad of C￿lre have devebwj a tse yiewig
Structure that refiects ts varying supwt and e￿￿tional rthds of 81udent.
The tnth have a6808¥ed tha mai(* n8k6 b) 1fv￿h dwlty16 owd, WKI are satisfied that Syskns ¥8 In
pl&* lo mlllgal• 8>¥osw• lo th• iigk&

RED BALLOON LEARNER CENTRE READING
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2023
Achlovomonts and Perfomianc• oftho CharKy
Tho tNsl8•s are sa￿5￿ed wdh the Perf￿m#￿t oftha d)&lty Ic* ts year ondtrw 31 August 2028. Thè obJ'edi¥es
of Ihe Gh8rty are only adknd throu￿ thé skAI. h￿d th and dedl(*kn ¢f Ihg stsff and voi￿r8 at Red
Ballc￿ and as Trustses we ore Indebtsd to the le￿n.
The charlty swported 25 81ud&nts dwing the y6ar. Oflhe84 studwts 18 *ith us at Iho stsrt off￿ 20231
24 academic yo￿. Of Ihwe left. fow ￿re y88r 11 or Older. three Lrf whom tr•nslloned to further education
or tralnlng. Four yOLmgor Students were 8￿p￿ted to transli1t￿ io provbglon moro approwiate to their n•gds. Two
students $8t GGSE ￿0T FUndKY￿ Sk18 exams kn th• ￿T￿ner of2023.
Students Df al 8go5 a¢hi8ved a r￿ge ofAQA u￿tAward Sd￿me IUASI wtirKaI￿. UAS 811 students lo
erwage vlth leaming 8rKI havB Ihelr gthiev0m￿l8 rwnlsed. Stutsrts prlmorty atheved h Art &
De¥ign, Food Téchnology Englth. 9 wlificaies ￿C
Dut1ng thg year wo rec6N¢d fiJni*ng lo support the (knkyent of a sansory CIr￿lt providing Sbjd￿ts wilh
physkal actiylbes to aid s81f-rew1ot￿ to I￿p them foujs aNJ 8ngage irb th¥ir lear￿9, mwrtortng Drthorepy.
Red Ball￿)￿ Is ￿t Jist aboul a¢ader￿¢ rewJt8 abo￿ glvhw thlants a 16arnlng •xperiert8 and
fowslng on wd*J¥ing and parsonal tine, enrfgy exp*116e Is g1¥￿ to ￿SurIng th1$
is aGhie¥ed.
W•llb•lng
IlbgirvJ provSgion Is ¢onlral to cw support of 8tud8nts and thls yaw in p￿ti￿lar we hav• f0cl￿sed on
dovoloping Students, Confide￿ and ￿nd￿stan￿n9 of d88ling with social medi& Wo have mad• a cijncerted
effort to provkle hollstlc arKS &)￿￿$1¥nI 8UPP(It lo our to enth? to engage Tmth Ihg ublqultous
social medla ￿fety.
Tho Oulrexh wograrrffia ¢￿￿nUed to de¥*p with (Xtre•* Tean SUPFN)rting 14 young people ond thdr
f&nilie8 over the yoar. IAÈ also undwtook a rAbt of a ne* (Xrtreach rK()3ramm6 for primary sch(#￿5. Thls
Invofves our OLrtr¢ath team SUP￿￿￿ng studenls in (Iscov&lTVJ Ihwr reS￿￿ne* and develq)ing their s8lf4steem.
rgelise that our students aro stru99UNJ wi 8¢kn18 at evor youngtsr agos. have created a program thai fits
hand In gksve with vJr approach secondary 5tudonts for stiKlents in Ys)0rn 5 and 6.
We Continued lo run Cirdg rim9 Chalongo Time ts8sslcm a foaM on deY￿p[￿j nnportant s￿la1 skillB
and lrfe BkiS1$) have ￿WolVed st￿eNtS In cx)mnxmity Wilh￿ the Contre. Al St￿1￿￿8 have & lutor and
at tho betynnkng of thè day there 18 8 tu1￿ time sestsion from ￿9.15 am. EalNJ logelhèr is an imporlanl part of
our wellbeing and pasioral care. th 8￿J￿(S encrAJrawd to eat tc0J￿. al¢)w twllh 8tsff In Communty
Room.
Wldtr l•arnlng and p•rsonal d•v•k*pm•
We offered a r8ThJe of enrichment ath*les for Ihls yoar AKI￿JIng Irfp8 lo V*knibloy Stsdium, Pottery
P*, Woknn￿am ￿perb￿￿ & Laser Quest. TIK>rpe P*
Duthg the yaarwe è150 had a range ol cuMw81 athttÈes Centr&
Futurg plan¥ of thg Charlty
After dls¢u$$ton V+ilh s¢vero1 loc41 aUth)T￿e$ and th8 thafting of a t￿￿ne$S plan. in March c* 2021 ￿ began
looklng in e8mest ror a locabon for a 5eGond site. Folov•ing last year's un¥ur£a8￿lll attompl to 8ecur8 pIP￿n￿9

RED BALLOON LEARNER CENTRE READING
TRUSTEES, REPORT {INCLUDING DIRECTORS. REPORD (coKfiNUED)
FOR THE YEAR ENDED 31 AUGUST 2023
Flnanclal r•vl•w
Total uNosldciod In¢om8 durirvJ the pwiod wa8 £720,32412022- £871.917) an in(¥ease of 7.2%. Th1¥ c(WSi8ted
largety of income fr(xn the ktal a￿0t1￿&S 7h*M(* was to fwj th8 education and wollb*ng of th
oludanl8 whllst outsldg manstre8m edwa1[c￿. Totol th)n8kn In the year £988 (2022 . £6.128),
Sae nolo 13 for dotail¥ of theso fund&
Total txporKliture was £716.52412022. £630.￿1 aThl was WKarnl ofth• thwitth xrfvlU•8 of
th¢ Cunpwry. In¢fudng stafflng. (*e¢A *udent oxtl Twt. ￿111108 othw Nnrring cmts.
An unrgstrlctod $LWF4u$ 01 £11.722 was rK(Yded. lYkY￿ tthl UN•Stric￿ fwwlb to £392,711 T**hln our
i•rgotsd re8eTh• poty.
Wa Ilke to Ihsnk all tIK)8e that hAvo fthtra8ed. ¥¢kn￿ time thrring th• yoar.
RO￿1¥8$ pollcy
The Tru8ttes on raswve$18 a mlimum c4 WSerV￿ w¢ hekl In tho bgnk
a￿r￿ in addltion to any SptrSfi￿fy d8temiwJ
Th• Inv•stm•nt poll¢y •nd obJ¢th
The Iru8leos. are al¥0 thg drgctors for Ihe pwpose ofoymp￿18w. 8gN•J the yow &Trd up
to Ihe d¥ts of ￿gnal￿e fjnwK4818laténwt$were:
Ms G T G(yhin
MrTLak
Dr J A Nkhdsby
MrA O H Pearson
MrDRVthth
M8 L Pre81
Ms C Billlng
MsAGupta
(Res1w￿ 26A¥d 2023)
(Res￿led 31 Aigust 2￿23)
IResNJned e Decembèr 2W231
(Alwnted 18 Octobw 2022}
(Appcirthl 14 Seoenknr 2022)

RED BALLOON LEARNER CENTRE READING
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORTI (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2023
Staiemènt of Twstees. Re$ponslblliti•s
The Tru51egs (who are also Oir8Ctors of the Red 8allocKI Learne¥ Centre Reathng fof the purposes ol company
law) are responsible lor preparin9 Ihg Tiustee's Report the finanoal statemenls in accordance vrtih
applscable law and regulab￿s.
Company law requires Ihe Trustees lo prepare finawal statements for èath finar￿)81 year U￿¢r that law. the
TnJstee5 have prepared Ihe financial statements in acwdance UThtèd Kir¥Jd￿m Generally Accepted
Ac¢ounting Standard$ and apph"¢able law. Undef company law th8 direclors musl not apwove ihe financial
St3ternents unless they are satisfied that they gi¥e a irue and fwr ￿eW ol lh8 State ol affair5 01 Ihe con)pany and
of thè incoming TescMJrces and app15cation ol resources. InckKlry the income and gxp¢nditure of the charitable
company lor that penod. In preparing those fina￿101 statements the Board is required lo.
select suitable accryJnD"n9 pcrfKies arKI thèn aPFdy them Cons￿le￿Ily.
observe the meihcxjs and prw)ciOes in Ihe &atement of Recommended Pra(xices Accounbng and
Reportiro by Char￿lIeS 120151.
make judgements and esbmales thal are rea51￿&￿e prudentr
state whether appI￿a￿le UK acLouniiThJ slandards C￿prising FRS102. have be8n lonowed. subject to
any material differerKgs an¢Y expla￿e￿ in the financ2* statements. and
epare the financia ststements on the gory ¢iW bays urfess rt is ￿apwOPrlate to presuffle Ihal
the chwly will ¢¢ntinue in business.
The Trustees arè r•sponsible for keepiro adequale a¢couniiry records thai ar8 suffici8nt to sh¢)w and oxplan
the c¢)mpany's IransaCt￿rn$ and disc105e with reasonatAe accuiaty at any tsme fin￿tha1 pos11ion of rhe
¢ompany and enabl8 them to ensu￿ Ihal ihe fman¢ial statements ¢ompty wrth reg(￿allonS made under the
Chaiities Act and the Companies A¢1 2006_ They are a150 ￿￿[X￿Sible for 5afeguardin9 the assets ol the ch3nty
and hence for taking reasonalAe steps lor thè pI•v•nth'L￿ and detection of Ii•Jd and othèr irregulantses.
This report has been prep¥ed .in ae£ordance the wovigons app4ut4e to companies sthiect to the smal
mpanies, regime.
The trustg&S' feport was approved by Ihe Board of Trustees
MrA D H Pèarson
Trustee

RED BALLOON LEARNER CEKfRE READING
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF RED BALLOON LEARNER CENTRE READING
I repoit to the trustees on my •xaThnalion of ts fin•iclal of R•d Bah)on L•wnar Centr• RèadfNJ Oho
th•) forthe ye•r and￿ 31 Augu8t 2023.
Re8poMilbllltlos and l)ash of v•port
As the trnJ$lees of the tharlly land also rEs thrertors of ¢tynFgny W you are resp￿SIble for th8
prèp¥*t¢)n crf tha fln8ndal statsments kn xcordan(> with the rewirThnts of the Companies Acl 2006 (the 2006
Havlng sals1￿1 myself that Ihg finan¢ial slatemants of ar¢ not ryired to audited under Part 16 of
the 2008 and we *1b￿ for irthpendert examlnabw I rem of my ex&n*￿tton ol Ihè ¢W'$
flnanclal st*ments ¢airigJ ¢xrt under sedim 145 of th¢ Clwlties A¢t 2011 (the 2011 Art). kn ¢atyryJ Ixil my
examlnafjon I havg al the ￿PIratIe gven by th8 Chty C(4nrrAsskn wdor se¢tion 14515Xbl
ofthe2011 A
Ind•pond•nt statgm•nt
Sln¢o th¥ ¢harftys gro¥$ Inwno oxce8dwl £2WJ.000 w gxamww ffl￿t bo a mgnts ot a Ilsted kn 8ecilc
145 of th¢ 2011 Acl. I confim l am to wthjortakg the ewination because l am a mombgr 01 th8
In￿tlIt& ofCharter8d Aceffjuntants kn Enland and IWe8. 1$ ono ofthe Istod bothe8.
I have c(ynpleled my oxamlnakn. l Ihat ￿ rnatlws twve corne lo my In wrilh the
èxthnatknn gfvlng mo causè to beil8¥8:
tha finandz4 sl#iémw*s do not accord Kfjlh *Jw r8etyds:
records wwe not k0Pt in respect offv as rewirgj by ￿¢th0n 386 oflho 2￿&￿. LY
Ihe finan¢lal staternents do not c¢ynpty ￿lIh ihe *xounUry w￿rements of sethon 396 of 2W M oth
than any rgquiromwt that tha ￿￿unIS gi¥e a lJw f* is rM)t a matier ¢￿8￿je1&1 as part of
Indeper￿eTrt examN￿li0n.' o
the fin￿¢111 stalements have not bo8n propared thllh methods princlr4es of thg
Slatement of Rocommended Pracfr¢e for arvj rep)rlwig by charities opplcable to c*aritlos
OP8rfng accounts In accordancts Vlilh iho Reportln9 Sl￿d8Td awJll¢atAe In tt)e UK and
ReWbI￿ of Ireland IFRS 11Y2).
I have no ¢oncems and have c(thg ￿09¥ no olw mattws In c(vMtth vath th8 examlnatk)n to *llch atten
Should be (kni Mi Ihis r¢p¢¥l kn ordorto 6nablB 8 woper of11￿ finandal 818tem8nts to bo rè8¢hed.
Edwln SMA
32 Queen Road
Reading
Berf(¥hwe
RG1 4AU
30 April 2024

RED BALLOON LEARNER CENTRE READING
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOhlE AND EXPENDITURE AccouKr
FOR THE YEAR ENDED 31 AUGUST2023
Unr•stslGtsd R•strkted
lund$
nds
2023
2023
Totsi unrostr1d￿ Restrlctad
fun
funds
2022
2022
Total
2023
2022
Notss
Incomo from:
Donatitsn8 8nd kngaci8S
Charitable a¢lNfUes
Invesknients
1.434
717.203
2.673
6.128
6.128
671.757
180
717.203
2,673
871,757
Totsl Incomè
r20,324
721,310
671,917
8,128
fj78,045
Chariiabla a¢tlvStt8S
708.802
7,922
716.$24
624.055
6,514
630.569
Not Incomellexpendlturo) •nd
mov¢m•nt Iii lunds
11.722
(fj.936)
4,786
47.862
1386)
47.478
R8conclllatloii of funds:
Fund balances at 1 SèplèmtÈr
2022
380.989
29.675
410.664
333.127
30.081
363.188
Fund balances at 31 AUg￿8t
2023
392,711
22.739
415,450
380.989
29,675
410.664
The slalemenl of fi￿ar￿tal 8clivitlgs i￿￿￿186 all and losses [ecogn￿ed year. All irKome and oxpenditure
dorive from conliwin9 aclivitE3.

RED BALLOON LEARNER CENTRE READING
BALANCE SHEET
AS AT 31 AUGUST2023
2023
2022
Flxod a$s•ts
Tangible assets
20.592
26,14S
Curr•ni
Dobtors
Cash at b8nk in ha
11
3.594
411.S66
3,796
410.103
415.180
413,899
Credltorn: amounts fallkng duè wlthln
ono yoar
12
20.302
Net curr￿1 assets
394,858
384.519
Total a896ts le4$ ¢un•nt Ilabllltlès
415.450
410.684
The fund$ of tho ¢harty
Restiicted income ￿n￿$
Unfestrfcted fuThJs
13
14
22,739
392.711
29,675
38Q,989
415.450
410.684
The company 1$ enthled to the exenwtb)n trom the requirement cortained in seclion 477 of tlw Compantes Act
2006. for the yeor ended 31 August 2023.
The dire¢t¢r8 aCkn￿ledge iheir resp￿t￿ltIeS for COM￿ *ith the reqwrements of lh& Cunpanles Act 20(
wlth respect to accounting rejxrds arKI tha of finwKla
The members have not required the ctMTrp￿ to 01rta￿ an auifjl of ils fiw)dal sla18m￿lS for the y In question
accor(1￿ce with sec1K￿ 476.
Th8$6 financial sta16ments havo been wq)¥ed 01 with the woiA8lons ¥ll¢able to ¢(rfnpanlgs $ubEeL*
to lh¢ small companles r¢glme.
Th
ncial slalements vme awov&J by the bwtee5 on .... .
Mr A D H Pearson
Company r8gistraJm wnber 7150417 (E￿ 8nd V￿e$)

RED BALLOON LEARNER CENTRE READING
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 AUGUST 2023
2023
2022
C*sh Ilow8 from op•r•llng a¢ll¥ltles
cash from opwations
17
3,638
82.612
Invo•Ung actlvftlos
Pur¢ha88 of tgnglbl8 fixed as5et8
Invostm￿￿ incc4ng recohféd
(4,8481
2,673
(8288)
160
Net caBh us•d In Inv•8Ung a¢tlvitl•8
175)
(8.1281
Net¢ash In flnanclng A¢tMtI•s
Not Ihcr•as& In cash ènd Cash equl¥alènt8
1,463
54,484
Cash ca6h eq￿lIentS at belmlng ofyear
410,103
355.619
Cash and Gash •qulvalont• at end olyoor
411,566
410,103

RED BALLOON LEARNER CENTRE READING
NOTES TO THE FINANCIAL STATEIIEKrs
FOR THE YEAR ENDED 31 AUGUST 2023
Ac¢ountlng polcl••
Ch•rlty InfomMtIoR
Red Balloon LeThr Certh Readlry 15 a ro*st8red th8r*y ¥ 0)Mp￿ Ikralod by wKorporatgd
In EnLI8nd and V*1•8. reg*twfjd is 220 lfjngs Road. Reth*NJ. RG14JJ.
1.1 Ac¢ountlng ¢onTthrtlon
Tho Ilnanc￿l statomerts havo b•8n m8rod In a￿oI￿Ce ￿ Iha ctsrws Igovffinlng documentl. tho
Ccmp8nies Act 201K. FRS 102 Yhe Finanoal Rewtirs SIW￿ard appli¢abb In thg UK and Republic of
Irel￿ fFRS 1021 aNJ th? Chwtsos SORP 'A(*w)tlr4 and Rwrfng by CharH￿¥.. Statement of
ReK0mMend￿ Practlca 4JKlkabl8 to prryarkng thglr arKount8 ￿ aQwrd￿cO with th¢ FIn￿da1
Reportkng StsTrJaTd appli¢*)le in the UK arvj of Ird•ncl (FRS 11r2r I￿Ve 1 Januwy 20191. Tho
d)artty1s o Pubkc Banefit Ent6ty 89 d￿ned by FRS 11r2.
The ffianc￿l ¥tatements arè prep8r&l in #wlng, is th• knndiLwI CUFTWry of th• Monetsry
amounts In th￿ finandal *at8ments we roLxwJ8d to the ne¥•81 L
The statsnents have been rnst c[m￿￿101L Tho
pol(*s adopted we set (xrt belrM7.
12 con¢•m
At the time of aF￿￿n9 Ihe TrwKlal trust￿ Iw6 & rèascthbb ayp￿￿On that the charfty
hos •J8quat8 rogources to Cr￿11￿6 in opèr*ion81 ex1st￿¢• for the I(￿08¢eatIe firture. Iru8leo8
Continue to adopt the govw ￿nCern l￿'S of accou)tiNJ kn preparlny the finapLi81 slalwnorls.
la Charltabl• funds
Unre8lrlctd fund$ ar¢ av&lat4e O8tteliM ol In￿88$ In fthgronce ol Ihoir charftat49
obiethe3.
R•slrict8d fvrKls arè subjact to ¢￿K￿k)n5 ty a8 to th8y may b& us•￿ Thè
1.4 Inci>m•
All irbcome r8sources are •Kl￿J¥d in the S18twnent of F￿￿ncra1 Athilie8 th the tharity gnti118d to,
tsufficienty certain lo recth. the InC￿me and tha arrK>unt ￿ b8 w8nttfiad wAh roasonabS0 accuracy.
Th? ftlh)whvJ wIl￿e$ appty to pwt*wlar L¥tewi68 ofincAXn
. vol￿tary I￿)me is roceivwj by way of gant6. ¢knatkJns 19 iTrJu(1gd In vthen
receivable.
rdates to 8ludenl fees V•ltrJ) rel* to
1.$ EXp￿dItUrn
ExpeThJiture 1$ ¢)nco th•re is a Segal w c(mstnth obligation to tr￿fer eccfflomic b￿ar￿ to a
third party, Il 1$ prrthtle that 8 transfèr of•rA*￿Mie be roqwfjd in 8*ment, and amount of
thè Obliga￿(￿ be measur￿1 relabty.
Expendllwo 1$ cl8$9ifi8d by *lwity. Th6 tcth of 8re mad• ￿ of thg t(I81 of drett costs and
Shared co818, Indudlng $wp￿t costs invofved kn undertakng ￿11¥*y. Dlrec* costs attn"l)utable lo a slngte
actNlly are allt¢al8d directty tr) that acllvity. Shared costs which ¢ontrbute to rnor8 than one acbvlly and
support costs are Trjt attrib￿￿10 to a sinsqe activtty 4¥•Jknn8d betr￿en thos6 acUviti&s on a basis
n4slent wjth the u8é cl res0w￿. stsff co¥ts we auocated on the ba&"8 ol ￿me and
depreciaknn chw are alk>cated on tho dth¢ asset's use.
arby VAT that ￿ntst bè recovered.

RED BALLOON LEARNER CENTRE READING
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST2023
A¢¢ountlNJ polklos
(Contlnuod
1.6 Trnglble fixed asg•18
Tangible fi￿d a$8ets initialy Méas￿ at (xxt •xl subwwuy measur&J at Cost or v&lJaUon, net of
dew8daiion arKI any Impalmxnt10$506.
Expendliure on fixed as￿18 Is orty Caw￿.90￿ li oxreeds £1.IJOO and has an •xp8Ct8d us6fiJl life
grèatsr than one yew.
Dwodallon18 recogn16ad so a8 to write off ca* or vaW1￿ of oss* less tsr resldual valLm over th8lr
U80ftI16vg$ on thg folltrthj ba6e8'.
Fithts6 fitUng8
Compirters
Mottr vehlde8
3 years 8tr¥￿ht Ilno
5 years 6tr81ght li
Tho galn or h)$8 arithg on the tli8posal c¢ an a88d dotemi￿Ad as Ihg dfvpnce beNvèan thè sale
proe•ed$ and th¢ va￿6 of the assot, WNI is recognisod In th8 slatemenl of finanoal 8Ctiwties.
1.7 Impalmwnl o111x￿ 08sots
At èach roportlng data. Ihe chwity rth?￿ the wn(xmts of 118 I8￿￿ble a888ts to detemilne
OtheT there IE any Indicalion Ihat Ihose assets havo suffered an ImpaSmwnt kjss. If any 8uch ￿diCation
exists, the rocoverablB &nount ol asset 1$ gsknated ￿ ord¥ io d￿t￿ine th8 èxl8Tht of the impaim78nt
loss (if any).
1.8 Cash and cash
Cash at bank and in hand irKlud&s cash tssh heby at bar* Curr￿tt accounts short lemi hig*dy liquld
Invastmenls held on depO￿t
1.9 Fln•nclal Instruments
Thg ¢harty onty has rm￿81 assels finandal talxlib.es of 8 thèt quolfy as bssic finandal
inslTumen1s. B8sOc financial instruments art h¥￿81￿ rec(¥Jni5od at transaclions value 6ub8equenlly
m88sured at thelr $8tMemertvdu8.
1.10 LoaS•S
Operat4ng10ose$ are Yecoy168d owthe olTAI1** the lease fals on a str8lghl linè b8818.
1.11 Ponslon S¢hon*s
Empknye85 of the Charfty are a￿n]etic0ty hto a d8ffied eon1rib￿OTr sc￿Me unless they have
exerrAsed dght to opt ￿1. The chwity ¢x5ntrltsJb￿ Is Trslfflcted to Ihe ￿nITIbUtIonS thsclosed in noto 8.
1.12 D•btorn
1.13 Credltors
CrerJtor8 and provislons are rectyJr¥sed as SO￿ as tlwe is a legd or WnStru￿1￿ ￿rig8￿ c•nM￿knng
¢harity to that eyndlwe. tt 1$ w0b*b￿ that 68iU8mwtt will be r•]UiT•d aThJ Ihe arnounl of th8 01)Ilg811on cab
be me•sur•d reliat4y.
io-

RED BALLOON LEARNER CEKfRE READING
NOTES TO TrIE FINANCIAL STATEMENTS ICONTINUED)
FOR THE YEAR ENDED 31 AUGUST2023
and l•qaGI•s
Tot•1 R¢strfded
funds
fvnds
2023
2023
2023
2022
1,434
6.128
InGom• Irom Inv•8lrn•nts
Unr•stthd Unv••trlct•d
nd*
fvnd•
2023
2022
Int￿$1 focei¥&4e
2.673
Chafftable xdvltl•s
Charftabl• Gharttab
Actlvltles ActfvRI48
2023
2Q22
Stud￿¢ fe
717,203
671.757
11

RED BALLOON LEARNER CENTRE READING
NOTES TO THE FINANCIAL STATEMENTS {Co￿riNUED)
FOR THE YEAR ENDED 31 AUGUST2023
Charftsbl• acll¥ltlo5
Charltsbh Charlt*blo
Actlvltltrs Actl¥ltl¢$
2023
21122
515.002
10.401
4.139
42,1A4
4,723
7,813
8,170
2,390
5.975
8,000
9.845
27.516
5.424
23.513
2.529
4.208
740
439.916
8.760
2.949
Dopreriation arKI lrnpaThent
Travel and gub$i6ter
student operating cost8
Réd Balloon of tha dr co8ts
?r teaching r88our￿8
Accommc¥J8tN)n, food ￿ deankng
COMn￿nicatIon
In8urance
Red Baloon EducallOnaTr￿t ￿P￿t faes
con$￿abl8S
Rent and ralos
Trolnlng and reuulbn•nt
Repairs and m8Jnton8nc4
Offlce eqWn6rt
Ukn-lilies
Sundry owabwj wr￿lu[g
Othor ¢hartlat48 8xwdittre
5,405
8,191
6,801
1.052
8.000
10.048
27,598
6,￿7
29,170
3,420
6,496
883
li
1.547
685.C61
607,433
Shar8 of governan￿ Go8ts (seo nrte 61
31.463
23.136
716.524
630.589
Anatysls by fund
Unrestrfcted fv￿ls
Re8lrictod fvnds
708,002
7.922
624,055
6,514
716.524
630,569
12-

RED BALLOON LEARNER CENTRE READING
NOTES TO THE FINANCIAL STATEIAENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2023
Supportcosts
21)23
2W22
IndyrKlent ex*)inor8 fea
Profe￿10n&1 ¥er¥ice8
835
22,301
,503
31.403
23.130
31.463
23,136
No members ol ts 800rd ofTru8tee8 èAKI r￿ed any remuneratlon th8 year or prlor year.
ExpM8es cl É32912022. nli) rnin*X￿Sed. relalw¥J totravel arKI o)st*
No InJ8te6 or ¢Xher person r*led to ts chwly Iws ￿ p9rSry￿ any &Jtrtratt or transathn
entered Into by thè d￿ng yew cw priry YE¥.
Empknyrts
Tho avewe monthly clemthe86 thg yw ¥rds:
2023
2022
Numbèr
21
21
Emplwent costs
2022
Wages and 8alarle8
Soual Secunty cost8
other pgn&M costs
471.579
30,815
10,676
401,316
25,782
513.070
434.898
There were ￿ ryloyees whose ramwati￿ was Thye £60.000.
Remunerallon of kay man•g•rnnt pevsonnel
Th8 key manapment of the chaiity c(ryYAe thg trus18￿, ts Head of C* and Iwo OepLty
Flead& The tow 6mph)ym&* b￿rts of thg kny p¥￿A81 rl th& Tru81 was £125,78012022 .
£101.404)
13-

RED BALLOON LEARNER CENTRE READING
NOTES TO THE FINANCIAL STATEMENTS (CONTINUEDI
FOR THE YEAR ENDED 31 AUGUST 2023
No lelxlty to UK co￿10￿ tax as fv compwvi W L**itth ataiu8.
10 Tanglblo fix￿ a89¢18
v•hl¢lo1
C¢st
At 1 Septemb9r 2022
AddWon$
1,752
17,1
20,400
39.278
4,848
At 31 August 2023
17.126
20,400
44,126
Oeprg¢latloft and Impalmient
Al 1 Septernbor 2022
Deprwiatron dwgèd In the y
6.145
5,667
6,800
4.080
13.133
10.401
654
Ai 31 August 2￿23
11,812
10.880
23.534
Carrylng amow
At 31 August 2023
5.758
5.314
9.520
20.592
At 31 AugL￿1 2022
10.981
13.800
26.145
11 Dèbto
2023
2022
Amounts falllng du• wlthth on• yo•r.
3.594
3,796
12 Credltorn: am¢>unts lalllng due Yththlh on• y•w
2023
2022
oth8r taxaltcn and srthl see￿Ity
Trade credttors
other credito
Accruals And defeffed in¢om
8.693
6.881
2.095
2.￿3
6.069
19,057
1.519
2.735
20,302
29.380
14-

RED BALLOON LEARNER CENTRE READING
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2023
13 RMtrktod funds
8ublert to spoolfic ￿dI￿on8 by donors asto may bg used.
Alov•Trwnt In lund•
Mov•NK•nt In fvTrd•
1 SWI￿*•1 •xp•nthd 18•pt•nb•r •xp•ndod J1 Auuu*t
2023
Bur8Wy
Dark Room
mu￿¢ Thwapy
Sludont Thora
Bulkfing work
ComM￿ty
G8rden
3D Printsr
SALT
Sped81 Events
Sèymour Tnjsl Sfflsory
Ckuj
21.WX]
134
21.fy)0
134
{3,8671
17.733
134
107
(2241
(2.8581
{2991
{1,7301
4,588
1.730
308
308
1797)
(388>
12,2491
$71
571
676
1.891
14
(33>
{858)
IT￿)
4.698
2,749
IWJ)
637
30.￿1
6.128
16.514}
29.675
17.9221 22.739
. Bwwy. FurKl$ lo ccffitriknrte to a Bursary ftr a studontto altgnd Rsd Bdloon Readry.
Dark R<￿ . Funds to dev8lc¢) a photograth dalk room at R•J Baloon R¢•dlng.
mU￿¢Ther￿Py- Funds to cover the cost of g mux therapist
. s￿dent Therapy . F￿d8 to wovide tIwLth provi8w$ lo ow st￿nts. for exanwle wAne or
nine Ihwapy.
. Buihjing work - Fund8 to •nhwi to St￿ts *Mlh th& I￿$t tearnlTh3
and therapeLrtIG envwonmort.
. Communlty- Funds to 8nat4e the rocruitment of*n Outreath Vl)rker.
. MY￿bUS- Grant fuThYlng to purthage a velwde for st4K1￿￿ trps and visit
Gatden- Granl fundlng to ert￿nCe the OLrtdoor areas ol lh& Centre for sludenls to enjoy.
3D Prlnler- Person81 donati￿ to pur¢*ase a 3D prinkn to 8LPPOrt laachkng and leaming.
. SALT & SeymoLW TruBt- Funds to support a I￿9m￿nted programme of speech and laroua
. Spead Events. Funds r*d ts) ¢)xtirb￿e tthY*ds a tr¥> ￿ 4XXtirYJ ev8nL
. Sfjymour Trust Sen80ry Crcurt . Fl￿￿¥ to ￿eate m￿emOnt ststi¢M lo provlde 8en80ry
Irwl and promote SeIl-règ￿a1lon In yOLry pe*.
1s-

RED BALLOON LEARNER CENTRE READING
NOTES TO THE FINANCIAL STATEhlENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2023
14 Doslgnatsd funds
The umstrkted of lh8 of donadon8 8rMI tyants vthlch aro
not Subj￿ to spedfic cond1v￿$ ty thncrt and g*ors as to may ￿ usgd. These Ind
de8ignated fvrtds whith been set agdo Lxrt ofunrostrided fimds by Ihe trusts8s lor spedfic purpos95.
ljovomont ITh fvnds
Bal•ne• qt
l S•ptsmb•r T•WW¢M •XPgfMW t •xwNl•d 31 Auwtht
2022
2023
pan8k
178.560
{10,3n)
168.187
{1.854)
1e6,533
178.580
(10.373)
168.187
(1.8541
166,533
. Expandon. Funds to 8UPPQrtth8 of• s¢¢￿1 cenlrn in the Roathng aroa.
16 Events aftol th• roporting dats
Ourlng the year the truste&s wgro in negollthns for a ￿trI lease agrè8m•nt was slgntrd just aftgr
the yoar end date on 28 Sept*n*Jer 2023. The lew runs f¢X a temi of 7 years frorn 1 September 2023 10 31
August 2030. with A break date of 1 Sepknber 2028. The ccthnkni8nl up to this br8ak daLW date 18
£180.000.
16 Rtlat•d party trans•¢tk•n$
The members of Comp8ry comts th8 trustees 8nd Red 8athx>n Ed[￿alIc￿￿1 Trust (company Nmber
053853411. of its consolidated ac¢ounts. whth Company. are av8Jl*lo from its registsred
addrw LrAJg8. 37 Stre< K41t0￿ Camtsty, E(*nd. C824 60F.
17 Ga•h genw4tsd fyom operatlons
2Q23
2022
Swplus fc*the year
4.788
47.476
Adjustments lor.
Inveslmenl irKomg fgcognised In 8laiwMrt of finarKial ￿114￿1￿8
Depr8ciation and Impalmlert oftsNiblo as80ts
12,673)
10,401
11601
8,760
Movemerts in capit&"
Deugase in dabt
(Decrease) ￿ tte¢ltors
202
19,0781
174,071
1167.5351
CaEh ynwat•d from op•r•Oon•
3.638
82,612
16-