Reglstered number: 10978174
Charity number- 1175826
RED BALLOON LEARNER CENTRE CAMBRIDGE
(A company limited by guarantee)
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

RED BALLOON LEARNER CENTRE CAMBRIDGE
IA¢ompany limit￿ by guarantee)
CONTENTS
Page
Reference and administrative details of the charity, its Trustees and advisers
Trustees. report
Indep•nd•nt auditors. report on th• finan¢ial statements
9-13
Statement of financial activities
14
Balance sheet
15
ststement of cash flows
16
Notes to the financial statements
17-32

RED BALLOON LEARNER CENTRE CAMBRIDGE
IA¢ompany limit￿ by guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 AUGUST 2024
Trustees
Miss Jane Green (appointed 6 January 20251
Mrs Judilh Haste
Mr Peter Law
Mrs Kathleen Mcguire Iresiqned 9 January 20251
Mr Mark Patterson
Ms Lesley Sleinitz (resigned 22 November 20231
Mr lan Swain (resigned 27 November 2024}
Company regislored
number
10978174
Charity ￿gIstered
number
1175826
Registered office
4244 High Street
Milton
Cambridgeshi
CB24 6DF
Coordinator
Ms Jessica Lechner
Independenl auditors
Lakin Rose Limited
Chartered Accountants
Statutory Auditors
Cambridge House
Camboro Business Park
Girton
Cambridge
CB3 OQH
Page 1

RED BALLOON LEARNER CENTRE CAMBRIDGE
IA¢ompany limit￿ by guarantee)
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 AUGUST 2024
The Trustees present their annual report together with the audited financial statements of the Red Balloon
Leamer Centre Cambridge for Ihe year 1 September 2023 to 31 August 2024. The annual report serves the
purposes of both a Trustees, report and a directors, report under company law. The Trustees confim) that the
annual report and financial statements of the charitable company comply with the current statutory requirements,
the requirements of the charitable companls governing document and the provisions of the Statement of
Recommended Practice ISORPI applicable lo charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of I￿land IFRS1021 (effective 1 January 20191.
Since the charity qualifies as small under section 382 of the Companies Act 2006, the strategic report required of
medium and large companies under the Companies Act 2006 Islralegic Report and Direclors, Report)
Regulations 2013 has been omrtted.
Obj•¢tive$ and activities
Pollcles and objectlves
The objects of the charity are sel out in the Articles of Associalion registered at Companies House on 23rd
September 2017.
o advance the education of children aged 7 to 19 at the Red Balloon Leamer Cenlre. being students who are
the victims of bullying. or by reason of other emotional trauma or illness, are for the lime being unable to attend
mainstream schools, including, bul not limrted to, providing them with tuition and appropriate face-lo-face and
on-line support in a safe leaming environment until they are ready lo return to mainstream education or lake up
training or employjment."
We achieve our objects through the provision of an 'intensive care, full lime education and support programme.
Therapy and counselling are offered lo students and families. Continuing use is made of volunteers lo work with
students. All volunteers have enhanced DBS checks.
In setting objectives and planning for activities. the Trustees have given due consideration to gener81 guidance
published by the Charity Commission relating lo public benefit. including the guidance 'Public benefit.. running a
charity IPB2}'.
b. Main a¢tivitie$ undortaken to further tho charIt￿S purposos for the public benefit
The charity provides full-time education for children who self-exclude from school. There is no other purpose-
made scheme to support the recovery of this group of children and lo give them their 'life' back. Another
important aspect of Ihe work that the charity does is to offer support lo the parents and carers of these children.
c. Management
The trustees. in consultation with the Coordinator. make decisions about staffing. budgeting and performance
reviews. Trustees. directors and consultants of Red Balloon Educational Trust with specialist knowledge may be
consulted about employment and other human resource issues.
Trustees work lo raise local awareness of the needs of children who have been so badly bullied or suffer from
severe emotion81 trauma or mental health issues that they cannot attend mainstream school. The aim is to draw
attention lo Ihe fact Ihal such children should be provided with full lime educalion.
Page 2

RED BALLOON LEARNER CENTRE CAMBRIDGE
IA¢ompany limit￿ by guarantee)
TRUSTEES. REPORT {CONTINUEDI
FOR THE YEAR ENDED 31 AUGUST 2024
A¢hievoments and porfornian¢o
a. Main a¢hiov•m•nt$ of the charlty
The Twstees are satisfied with the performance of the charity during the year ended 31st August 2024. The
objectives of the charity are only achieved through the skill. hard work and dedication of the staff and volunteers
at Red Balloon Learner Cenlre, Cambridge and as trustees we are indebted lo the team. Achievement and
performance at Red Balloon Learner Cenlre. Cambridge are measured by the increase in self-esleem and
confidence of each of the students. their ability lo hold their own in the wider world and their understanding of
themselves and others. as well as through academic progress and results.
The last few years have been a time of growih and expansion for Red Balloon Leamer Cenlre, Cambridge. In
September 2020 we were able lo open a second centre in Cambridge. The successful opening of the second
centre allowed us lo double the amount of places that we are able lo offer lo students each year. Since then we
have built a cohesive community between the Iwo buildings with a 'one cenlre, approach, although the operation
of two separate buildings was not without ils challenges. Therefore, we have also been seeking a single larger
premises for the Centre. and we are delighted to have achieved this with the move into our new building at 42144
High Street. Milton.
The bulk of Ihe work leading up to the move took place in 2023124. Staff and Trustees worked together on Ihis
project, culminating in Ihe signing of a 15-year lease agreement commencing April 2024. The move itself took
place during the Summer vacation and the Centre was ready to open for the new academic year in September.
Staff, students, parents and carers have all expressed their enthusiasm for the new location in a single
consolidated site. Once again we have been able lo modesuy increase our capacity.
To help towards the costs of the move we were able to secure additional funding from the PA Foundation
1£20.000 towards the costs of the creation of the science laboraloryl and the Screwfix Foundation (£5,000
towards the costs of the kitchen). The remaining costs were covered from unrestricted funding and income.
In the new centre, we remain as strongly committed as ever lo offering a wide range of curriculum subjects to all
students. These include English.Maths, Science. Humanities. Art, Music, Media, Drama, Languages (including
British Sign Language). PE Iwilh support from The Leys school). ICT. Life Skills and Citizenship. In addition to
offering GCSES, we have a range of qualifications, including Unit Awards and project qualifications lo motivate
and recognise those students who thrive in vocational and practical areas. In addition we are able to offer
LAMDA exams and ASDAN training.
b. ISI Inspection - July 2024
In July 2024. we were inspected by the Independenl Schools Inspeclorale {ISII. This was a Material change
inspection due lo the move lo the new Milton centre and increase in student capacity. We are very pleased that
the inspector approved the material change for Red Balloon Learner Centre, Cambridge.
c. Exams
In the school year 2023124, eleven students took a total of twenty-two GCSE qualifications. Subjects included
Maths, English Literature. English Language. Biology and Art. In addition to the GCSES taken this year, some
students undertook other examinations which included Maths Awards, Maths Functional Skills and Entry Level
English. History & Science.
We supported our leamers to prepare for these exams so that they could do their best. We are very proud of the
set of results that our students achieved and we have noted that there is clear progress in our exam results.
Page 3

RED BALLOON LEARNER CENTRE CAMBRIDGE
IA¢ompany limit￿ by guarantee)
TRUSTEES. REPORT {CONTINUEDI
FOR THE YEAR ENDED 31 AUGUST 2024
A¢hievoments and porfornian¢o l¢ontinuod}
d. A¢tlvltSes, trlps and excurslons
Red Balloon does not just care about academic results. and significant time, energy and expertise are given to
ensuring that the students have a wider learning experience through regular activities and special events such as
cooking and baking. museum trips, board games. dog-walking. DIY. swimming, circle time. Life Skills sessions
and day trips. These activities promote increased self-esleem, emotional regulation. enhanced social skills and a
level of confidence that cannot always be developed in a classroom. In addition. many of our students benefit
from weekly therapy or counselling sessions. We also work collaboratively with other schools and local groups to
develop partnerships across different organisations.
During the school year 2023124. we were able to offer students a range of educalional visits and excursions
throughout the year.
There was a trip to the Tower of London. during which students were able to see the Crown Jewels, meet the
ravens and Yeoman guards, enter the While Tower which features displays of armour and weapons from the
likes of Henry Vlll, see the site of the execution of Anne Boleyn, and visit Ihe Torture at the Tower exhibition.
The students were also involved in a Film Project at the Cambridge Junction's Film Festival. The students
produced the ghost story film °the Lighter°,which the students made entirely themselves in school. and won an
award for the °Besl Artistic Vision..
Students studwng Animal Care had a visit to the Village Vets in Milton for a behind the scenes lour followed by a
Q and A session with a vet. The students saw the operating theatre. the imaging room. the intensive care unit.
ph8mi8¢y as well as the reception and consulting rooms.
This year's residential tn'p was to the Lake District. where students were able lo participate in a range of outdoor
pursuits including kayaking. canoeing. abseiling, hiking. rath'ng. caving. archery. orienteering. This gave much
opportunity for students to develop team building skills.
We have found over the years that this residential trip has a range of benefits for students. Being on a residential
excursion moves them outside of their comfort zone and gives opportunities lo develop selfesteem. In many
cases, it is perhaps the only time they have been away from home in this way. For this reason the visrt helps lo
build confidence and their own sense of self. The students develop both camaraderie within the group
and al the same time independence.
Students visited the Cambridge School of Art Graduate Show al Anglia Ruskin University and were inspired by
the Fine Art. Fashion, Animation, Illustralion. plus Graphic and Games Design.
Students also had the opportunity to go on a day out lo Thorpe Park as a treat to end the summer term ané lo
continue to foster a sense of community across both centres. The end of the school year always includes a
celebration of the accomplishments of all our young learners and each student re￿iVeS an annual Record of
Achievement highlighting special moments. We also held our annu81 school prom which is a very popular event
amongst the students. All students are invited lo attend and to celebrate their achievements and bié farewell lo
the students who are at the end of their final year al Red Balloon.
Page 4

RED BALLOON LEARNER CENTRE CAMBRIDGE
IA¢ompany limit￿ by guarantee)
TRUSTEES. REPORT {CONTINUEDI
FOR THE YEAR ENDED 31 AUGUST 2024
A¢hievoments and porfornian¢o l¢ontinuod}
e. Duko of Edinburgh's Award activities
Seven students completed their Bronze level Duke of Edinburgh Award. The students have been working
towards this over the past year completing 3-6 months of volunteering, skills and physical activity.
Students had weekly training in preparation for their expedition. learning skills such as map reading, navigation.
using a compass. first aid, pitching lenls and roule planning. The students took part in an overnight expedition
traveling by train from Cambridge to Baldock before walking 11 km cross county using the skills they had leamt
to successfully navigate as a team. The students pitched their lenls, then prepared dinner and breakfast and
completed their return walk to Hilchin train stslion.
Financial review
. Golng concem
After making appropriale enquines, the Trustees have a reasonable expectation that the charity has adequate
resources lo continue in operational existence for the foreseeable future. For this reason, they continue to adopt
the going concem basis in preparing the financial stalemenls. Further details regarding the adoption of the going
concem basis can be found in the accounting policies.
b. Reserves poll¢y
The Trustees have decided that unrestricted reserves should be equivalent lo five months, worth of operational
expenditure. Al the level of expenditure for 2023124, this should equal around £420,000 (2023.. £370,OOOJ. AI 31
August 2024. unrestricted reserves defined as unrestricted funds less fixed assets was £451.369 (2023..
£499.291).
c. Financial review
Tot81 unrestricted income during the year was £1.004,329 (2023.. £910,878). Of this, £935,266 (2023.. £870.452)
came from fees or bursaries. Total restricted donations and grants income in the year was £27.283 (2023..
£7,076): see note 15 for detsils of these funds.
Totsl expenditure was £1,054,206 (2023.. £922,760) and was incurred in the performance of the charitable
activities of the company including staffing, rent. ulililies and other general running costs. £1.049,987 (2023..
£897,560) was spent from unrestricted funds and £4,219 (2023.. £25,200) spent from restricted funds.
An unrestricted deficit of £20,590 (2023.. su￿lUS of £13,318) was recoréed, bringing total unrestricted funds lo
£511,134 (2023.. £531, 724).
d. Materlal Investments poll¢y
The Iruslees, policy on investment is to relain surplus fvnds in inlerest-bearing deposit accounts.
Page 5

RED BALLOON LEARNER CENTRE CAMBRIDGE
IA¢ompany limit￿ by guarantee)
TRUSTEES. REPORT {CONTINUEDI
FOR THE YEAR ENDED 31 AUGUST 2024
e. Prlnclpal rlsks and uncertalntles
The Trustees have examined the major slrategic and operational risks which the charity faces,
The main areas for cOn￿M are=
Sourcing of funding for studenls
Safeguarding of students
Loss andlor recruitment of key stsff
The trustees and the Coordinators have developed a fee pricing structure that reflects the varying support and
educational needs of each student.
Safeguarding of students is of the highest pnorily. Ongoing stsff training in Child Protection and Health & Safety
is provided regularly and all truslees complete Level 1 Safeguarding when appointed.
In addition. Trustees manage the Risk Register for the Centre. and a full range of policies are regularly reviewed
by slaff and Iruslees logether.
The move that we undertook in 2024 was also carefully managed. including via risk assessment, and ultimately
no major problems were encountered. which is a testament lo the hard work and attention paid by the stsff in
particular.
Strudure. govomance and management
a. Constitution
Red Balloon Learner Centre Cambridge is registered as a charitable company limited by guarantee and was set
up bya Memorandum ofAssociation on 23rd September 2017.
b. Governance
The Board of Trustees has the power to appoint new Iruslees by resolution at a special meeting. An open and
transparent recruilmenl process is undertaken. People who come lo the Iruslees, allenlion as having relevant
experience. interest or expertise are asked if they would consider becoming a trustee. are interviewed by other
trustees and students, and, if it is considered appropriate, are introdu￿d to all of the trustees. All trustees are
subject to enhanced DBS checks and musl provide a Declaration of Interests and confimi that they are 'fil' lo
serve as a charity trustee.
The Board aims lo meet ￿lce per temi and holds an AGM in the Summer Term. Al each meeting sludenl
progress is reviewed along with progress on the School Development Plan. Regular management accounts are
also provided for each meeting.
Page 6

RED BALLOON LEARNER CENTRE CAMBRIDGE
IA¢ompany limit￿ by guarantee)
TRUSTEES. REPORT {CONTINUEDI
FOR THE YEAR ENDED 31 AUGUST 2024
Plans for futuro poriods
Our current focus is to continue to establish Red Balloon Leamer Cenlre. Cambridge in our new home in Milton.
We are considering modificab'ons to the premises that will make beller use of the space.
In recent years. we have also been able to expand our offering of support lo the families of our young leamers
through the offer of therapy sessions for parents. We were able to sel up a new programme of Family Therapy
which has proved very successful. We are now able lo offer some parents a series of therapy sessions to
support them as well as their child. We are finding that this is of great benefit lo many of the families of the young
people that we support. It is our aim lo be able to continue lo exp8nd this programme and to be able to
offer this therapy in a broader way. We have recently secured some additional funding (£20,000 from Evely
Trust) to support our expansion of this work.
During the year, we expanded the group of trustees and welcomed on board some new Iruslees who bnng with
them areas of expertise that very much support our work. We plan to continue to expand the Board over the next
few years.
The current and future school development plans will continue to be based on a fvll review of our progress in all
areas, particulady using the Independent Schools Association's own Self Evaluation Process.
Members, Ilablllty
The Members of the charity guarantee to contribute an amount not exceeding £10 to the assets of the charity in
the evenl of winding up.
With Special Thanks
The special relationship that Red Balloon has with schools and local authorities in Cambridgeshire and beyond.
and organisalions and individuals who provide many types of support (such as the Leys school), all contribute lo
providing the besl possible educalion and care for those children that need our help.
We are grateful to all Ihe organisalions and individual donors who have generously supported the work that we
do. In addition to the supporters mentioned above. we would like lo thank The Betly Lawes Foundation, DG
Marshall of Cambridge Trust and Marshall of Cambridge {Holdingsl Ltd. Lendlnvesl, The Patricia Roulledge
Charitable Trust and The Pye Foundation.
Page 7

RED BALLOON LEARNER CENTRE CAMBRIDGE
IA¢ompany limit￿ by guarantee)
TRUSTEES. REPORT {CONTINUEDI
FOR THE YEAR ENDED 31 AUGUST 2024
Stat•mont of Tru$tee$' responsibilities
The Tnjstees (who are also the directors of the charity for the purposes of company law) are responsible for
preparing the Trustees, report and the financial statements in accordance with applicable law and United
Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Praclicel.
Company law requires the Tnjstees lo prepare financial statements for each financial year. Under company law,
the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair
view of the state of affairs of the charity and of ils incoming resources and application of resources. including its
income and expenditure. for that period. In preparing these financial slatemenls, the Tnjstees are required to..
select suitable accounting policies and then apply them consistently.,
observe the methods and principles of the Charities SORP IFRS 1021..
make judgments and accounting estimates that are reasonable and pnjdent.,
stale whether applicable UK Accounting Standards IFRS 1021 have been followed, subject to any material
departures disclosed and explained in the financial slalements.,
prepare the financial statements on the going concern basis unless il is inappropriate to presume that the
charity will continue in business.
The Tnjstees are responsible for keeping adequate accounting records that are sufficient to show and explain
the charitys transactions and disclose with reasonable accuracy at any lime the financial position of the charity
and enable them to ensure that the financial statements Comply with the Companies Act 2006. They are also
responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention
and detection of fraud and other irregularities.
Disclosure of inforniation to auditors
Each of the persons who are Tnjstees at the lime when this Trustees. report is approved has confimied Ihal..
so far as Ihal Trustee is aware, there is no relevant audit information of which the charitys auditors are
unaware, and
that Trustee has taken all Ihe sleps that ought to have been taken as a Trustee in order to be aware of
any relevant audit infomiation and to establish Ihat the chariws audrtors are aware of that infomiation.
Auditors
The auditors. Lakin Rose Limited. have indicated their willingness to continue in office. The designated Tnjstees
will prosx)se a motion reappointing the auditors at a meeting of the Trustees.
Approved by order of the members of the board of Trustees on 28 May 2025
by..
and signed on their behalf
?k ?025. 10'.28aml
r50n
Chair of Trustees
Page 8

RED BALLOON LEARNER CENTRE CAMBRIDGE
IA¢ompany limit￿ by guarantee)
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF RED BALLOON LEARNER CENTRE
CAMBRIDGE
Opinion
We have audrted the financial slatemenls of Red Balloon Learner Centre Cambridge (the 'charitl} for the year
ended 31 August 2024 which comprise the statement of financial activities, the balance sheet, the statement of
cash flows and the related notes, including a summary of significant accounting policies. The financial reporting
framework that has been applied in their preparation is applicable law and United Kingdom Accounting
Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK
and Republic of Ireland, (United Kingdom Generally Accepted Accounting Praclicel.
In our opinion the financial stalemenls..
give a true and fair view of the slate of the charitable company's affairs as at 31 August 2024 and of its
incoming resources and application of resources, including its income and expenditure for the year then
ended-
have been properfy prepared in accordance with United Kingdom Generally Accepted Accounting
Practice-, and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basls for oplnlon
We conducted our audit in accordance with Intemalional Standards on Auditing IUKI IISAS IUK}l and applicable
law. Our responsibilrties under those standards are further described in the Auditors, responsibilities for the audit
of the financial statements section of our report. We are independent of Ihe charitable company in accordance
with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom,
including the Financial Reporting Council's Ethical Standard. and we have fulfilled our other ethical
responsibilities in accordance with these requirements. We believe that the audit eviden￿ Ke have obtained is
sufficient and appropriate to provide a basis for our opinion.
Con¢lu$ions r•lating to going COn￿M
In auditing the financial statements. we have concluded that the Trustees, use of the going concem basis of
accounting in the preparation of the financial statements is appropriate.
Based on the work have performed. we have not identified any material uncertainties relating to events or
conditions that, individually or collectively, may cast significant doubl on the charitable companvs ability lo
continue as a going concern for a period of al least twelve months from when the financial statements are
aulhorised for issue.
Our responsibilities and the responsibiltties of Ihe Trustees with respect to going concern are described in the
relevant sections of this report.
Page 9

RED BALLOON LEARNER CENTRE CAMBRIDGE
IA¢ompany limit￿ by guarantee)
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF RED BALLOON LEARNER CENTRE
CAMBRIDGE {CONTINUEDI
Other information
The olher information comprises the infomiation included in the annual report other than the financial slatemenls
and our auditors. report Ihereon. The Trustees are responsible for the other information contained within the
annual report. Our opinion on the financial statements does not cover the other information and, except lo the
exlenl othemise explicitly stated in our report. we do not express any form of assurance conclusion thereon. Our
responsibility is to read the other information and. in doing so, consider whether the other information is
materially inconsislenl with the financial statements or our knowledge obtained in the course of the audit, or
otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material
misstatements, Ke are required lo delemiine whether this gives rise to a material misstslemenl in the financial
statements themselves. If. based on the work we have performed, we conclude that there is a material
misstatement of this other information, we are required lo report that fact.
We have nothing lo report in this regard.
Oplnion on other matters pres¢rlbod by the Companlos Act 2006
In our opinion, based on Ihe work undertaken in the course of the audit..
the information given in the Trustees, Report for the financial year for which the financial slatemenls are
prepared is consislenl with the financial statements.
the Trustees. Report has been prepared in accordance wth 8ppIic8ble legal requirements.
Matters on whl¢h we are requlred to report by exceptlon
In the light of our knowledge and understanding of the charitable company and its environment obtained in the
course of the audit, we have not identified matenal misstatements in the Trustees, Report.
We have nothing to report in respect of the following matters in relation to which Companies Act 2006 requires
us to report lo you rf. in our opinion..
adequate accounting records have not been kepl, or retums adequate for our audit have not been
received from branches not visited by us., or
the financial statements are not in agreement wrth the accounting records and returns; or
certain disclosures of Twstees, remuneration specified by law are not made., or
we have not received all the infom)ation and explanations we require for our audit- or
the Trustees were not entitled lo prepare the financial stalements in accordance with the small companies
regime and lake advantage of Ihe small companies, exemptions in preparing the Trustees, Report and
from the requirement lo prepare a Slralegic Report.
Page 10

RED BALLOON LEARNER CENTRE CAMBRIDGE
IA¢ompany limit￿ by guarantee)
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF RED BALLOON LEARNER CENTRE
CAMBRIDGE {CONTINUEDI
Rosponsibilitios of trustees
As explained more fully in Ihe Iruslees, responsibilities stslement, the Trustees (who are also the directors of the
charitable company for the purposes of company lawl are responsible for the preparation of the financial
statements and for being satisfied that they give a true and fair view, and for such internal control as the
Trustees determine is necessary lo enable the preparation of financial slatemenls that are free from material
misstatement, whether due to fraud or error.
In preparing the financial slatemenls, the Tnjstees are responsible for assessing the charitsble companrfs ability
lo continue as a going concern, disclosing, as applicable, mallers related to going concem and using the going
concem basis of accounting unless the Trustees either intend to liquidate the charitsble company or lo cease
operations. or have no realistic alternative but to do so.
Auditors. rosponsibilities for the audit of the financial ststomonts
Our objectives are lo obtain reasonable assurance about whether the financial statements as a whole are free
from material misstatement, whether due to fraud or error, and lo issue an auditors. report that includes our
opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in
accordance with ISAS IUKI will always detect a material misslatemenl when it exists. Misstatements can arise
from fraud or error and are considered material if. individually or in the aggregate. they could reasonably be
expected lo influence the economic decisions of users tsken on the basis of these financial stalemenls.
Irregularities. including fraud, are inslances of non-compliance with laws and regulations. We design prooedures
in line with our responsibilities. outlined above, lo delect material misstatements in respect of irregularities,
including fraud. The exlenl to which our procedures are capable of detecting irregularities, including fraud is
detailed below..
Extent to whlch the audlt was ¢onsldered capable of detectlng Irregularltles, Includlng fraud
We identify and assess the risks of material misstatement of the financial statements, whether due lo fraud or
error, and then design and perform audit procedures responsive lo those risks, including obtaining audit
evidence that is sufficient and appropriate lo provide a basis for our opinion.
Identifying and assessing polential risks related lo irregularities
In idenlifwng and assessing risks of material misstatement in respect of irregularities, incluéing fraud and non-
compliance with laws and regulations. we considered the following:
the nature of the sector, control environment and performance,
results of our enquiries of management aboul their own identification and assessment of the risks of
irregularities.,
any matters we idents'fied having obtsined and reviewed the charity's documentation of their policies
and prcKedures relating to..
identifying. evaluating and complwng with laws and regulations and whether they were aware of
any instances of non-compliance.,
detecting and responding to the nsks of fraud and whelher they have knowledge of any actual.
suspected or alleged fraud..
the intemal controls established to miligale nsks of fraud or non-compliance with laws and
re9ulalions',
the discussions among the audit engagement team and involving relevant intern81 specialists regarding
how and where fraud might occur in the financial ststemenls and any polents'al indicators of fraud.
Page11

RED BALLOON LEARNER CENTRE CAMBRIDGE
IA¢ompany limit￿ by guarantee)
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF RED BALLOON LEARNER CENTRE
CAMBRIDGE {CONTINUEDI
As a result of these procedures, we considered the opportunities and in￿ntiveS that may exist within the
organisalion for fraud and identified the greatest potential for fraud in relation lo revenue recognition. In common
with all audits under ISAS IUKI, we are also required to perform specific Pro￿dureS to respond to the risk of
management override.
We also obtained an understanding of the legal and regulatory frameworks that the charty operates in. focusing
on provisions of those laws and regulations that had a direct effect on the determination of material amounts and
disclosures in the financial statements. The key laws and regulations we considered in this context included the
UK Charities Act, the UK Companies Act and UK tax legislation.
In addition, we considered provisions of other laws and regulations that do not have a direct effect on the
financial statements but compliance with which may be fundamental lo the charity's ability to operate or lo avoid
a material penalty. We identified no such laws and regulations applicable to the charty.
Audit response lo risks identified
As a result of performing the above, we identified revenue recognition as a key audit risk related to the potential
risk of fraud. Our procedures to respond lo risks identified included the following..
reviewing the financial statement disclosures and lesling to supporting documentation to assess
compliance with provisions of relevant laws and regulations described as having a direct effect on the
financial st8lements',
enquiring of management concerning actual and potential litigation and claims..
performing analytical procedures lo identify any unusual or unexpected relationships that may indicate
risks of material misstatement due to fraud.,
reading minutes of meetings of those charged with governance-
obtained an understanding of provisions and held discussions with management lo understand the basis
of recognition or non-recognilion of provisions., and
in addressing the risk of fraud through management overnde of controls. testing the approprialeness of
journal entries and other adjuslmenls- assessing whether the judgements made in making accounting
estimates are indicative of a potential bias.. and evaluating the business rationale of any significant
transactions that are unusual or outside the normal course of business.
We also communicated relevant identified laws and regulations and potential fraué risks to all engagement team
members including internal specialists. and remained alert to any indications of fraud or non-compliance with
laws and regulations throughout the audit.
A fvrther description of our responsibilities for the audit of the financial stalemenls is located on the Financial
Reporting Council's website at: ￿.frC.Or
.uklauditorsres
nsibiltties. This description fomis part of our
auditors, reporL
Other matters
The corresponding figures are unaudited.
Page 12

RED BALLOON LEARNER CENTRE CAMBRIDGE
IA¢ompany limit￿ by guarantee)
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF RED BALLOON LEARNER CENTRE
CAMBRIDGE {CONTINUEDI
Use of our roport
This report is made solely to the charitable companls members, as a body, in accordance with Chapter 3 of Part
16 of the Companies Act 2006. Our audit work has been undertaken so that we might slate to the charitable
companls members those matters we are required lo slate to them in an auditors. report and for no other
purpose. To the fullest extent permitted by law, we do not accept or assume responsibility lo anyone other than
the charitable company and its members, as a body. for our audit work, for this report, or for the opinions we
have formed.
Chrislophor Doughfrrty (senior statutory auditor)
for and on behalf of
Lakin Rose Limited
Chartered Accountants
Slatulory Auditors
Cambridge House
Camboro Business Park
Girton
Cambridge
CB3 OQH
Date.. 28 May 2025
Page 13

RED BALLOON LEARNER CENTRE CAMBRIDGE
IA¢ompany limit￿ by guarantee)
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNTI
FOR THE YEAR ENDED 31 AUGUST 2024
Restricted Unrestricted
funds
funds
2024
2024
Total
funds
2024
Total
funds
2023
Note
Income from..
Donations and legacies
Charitable activities
Investments
Other income
27,283
53,196
935,266
6,767
9,100
80,479
935,266
6,767
9,100
36,213
870,452
3,019
8,270
Total income
27,283
1,004,329
1,031,612
917,954
Expenditure on..
Charitable activities
4,219
1,049,987
1,054,206
922, 760
Total expendlture
4,219
1,049,987
1,054,206
922, 760
Not in¢om•l{oxp?nditur•l
Transfers between funds
23,064
125,0681
145.658)
25,068
122.5941
(4,806)
15
Net movement in funds
12,004)
120,5901
122,5941
(4,806)
Reconciliation of funds:
Total funds brought forward
Net movemenl in funds
9,685
(2,004)
531,724
120,5901
541,409
122,5941
546,215
(4.806)
Total funds carried forward
7,681
511,134
518,815
541,409
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 17 10 32 form part of these financial slatements.
Page 14

RED BALLOON LEARNER CENTRE CAMBRIDGE
IA company limited by guarantee)
REGISTERED NUMBER: 10978174
BALANCE SHEET
AS AT 31 AUGUST 2024
2024
2023
Note
Fixed assets
Tangible assets
12
59,765
32,433
59,765
32,433
Current assets
Debtors
Cash at bank and in hand
13
30,877
497,363
29,862
505,352
528,240
535,214
Creditors.. amounls falling due within one
year
14
169,1901
(26,238)
Net current assets
459,050
508,976
Total net assets
518,815
541,4Q9
Charity funds
Restricted funds
Unreslricted funds
15
7,681
9,685
Designated funds
General funds
15
15
59,765
451,369
531, 724
Total unrestricted funds
15
511,134
531, 724
Total funds
518,815
541,409
The Tnjstees acknowledge their responsibilities for complying with the requirements of the Act with respect to
accounling records and preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to entities subject to
the small companies regime.
The financial statements were approved and authorised for issue by the Tnjstees on
28 May 2025
and signed on their behalf by..
Chair of Trustees
The notes on pages 17 10 32 form part of these financial slatements.
Page 15

RED BALLOON LEARNER CENTRE CAMBRIDGE
IA¢ompany limit￿ by guarantee)
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 AUGUST 2024
2024
2023
Ca$h Ilows from operating a¢tivitie$
Net cash generatedllused} in operating activities
51,408
(8,488)
Cash flows from Investlng actlvltles
Purchase of tangible fixed assels
159.3971
(2,049)
Net cash used In Investlng actlvltles
159,3971
12.049)
Cash flows from financing activities
Net cash provlded by flnan¢lng actlvltles
Change In ¢ash and cash equlvalents In the year
Cash and cash equivalents al the beginning of the year
17,989)
505,352
110,5371
515,889
Cash and cash equlvalents at the end of the year
497,363
505,352
The notes on pages 17 10 32 form part of these financial statements
Page 16

RED BALLOON LEARNER CENTRE CAMBRIDGE
IA¢ompany limit￿ by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
General information
The charity is a private charitable company limited by guarantee and is incorporated in England and
Wales. The address of the registered Offi￿ is 4244 High Street. Milton, Cambridgeshire, CB24 6DF.
counting policies
2.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP IFRS 102}
Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland IFRS 1021 (effective 1 January 20191, the Financial Reporting Standard
applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006.
Red Balloon Learner Centre Cambridge meets the definition of a public benefit entity under FRS 102.
Assets and liabilities are initl8lly recognised al historical cost or transaction value unless othe￿ise
stsled in the relevant accounb'ng policy.
2.2 Going ¢oncem
The Trustees have a reasonable expectalk)n that the charity has adequate resources to continue in
operational existence for the foreseeable future. For this reason Ihey have adopted Ihe going concem
basis in preparing the financial statements.
2.3 Logal slatus of the charity
There is no share capital as the company is limited by guarantee. Each member has guaranteed an
amount. not exceeding £10. towards the company's liabilities in the event of a winding up. provided
that 8 member has not ceased to be a member one year prior to any winding up order.
2.4 Income
l income is recognised once the charity has entillemenl to the income, it is probable that the income
will be received and the amount of income receivable can be measured reliably.
Grants are included in the statement of financial activities on a receivable basis. The balance of
income received for specific purposes bul not expended during the period is shown in the relevant
funds on the balance sheet. Where income is received in advance of entillemenl of receipt, its
recognition is deferred and included in creditors as deferred income. Where entillemenl occurs
before income is received, the income is accrued.
Where the donated good is a fixed asset. it is measured at fair valve, unless r( is impractical to
measure this reliably. in which case the cost of the item lo the donor should be used. The gain is
recognised as income from donations and a corresponding amount is included in the appropriate
fixed asset class and depreciated over the useful economic life in accordance with the chariws
accounting policies.
On receipt, donated professional services and facilities are recognised on the basis of the value of
the gift lo the charity which is the amount il would have been willing to pay to obtain Se￿iceS or
facilities of equivalent economic benefit on the open market; a corresponding amount is then
recognised in expendilure in the period of receipt.
Income tsx recoverable in relation lo investment income is recognised 81 the time the investment
Page 17

RED BALLOON LEARNER CENTRE CAMBRIDGE
IA¢ompany limit￿ by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
A¢counting poli¢i•s l¢ontinuedl
2.4 Income l¢ontlnuod)
income is receivable.
Other income is recognised in the period in which it is receivable and to the extent the goods have
been provided or on completion of Ihe service.
2.5 Expenditure
Expenditure is recognised once Ihere is a legal or constructive obligation lo transfer economic benefit
lo a third paty. it is probable that a transfer of economic benefits will be required in selllement and
the amount of the obligation can be measured reliably. Expenditure is classified by activity. The Costs
of each activity are made up of the total of direct costs and shared costs, including support costs
involved in undertaking each activity. Direct costs atlribulable lo a single activity are allocated directly
to that activity. Shared costs which contribute to more than one activity and support costs which are
not attributable lo a single activity are apportioned between those activities on 8 basis consistent with
the use of resources. Central stsff costs are allocated on the basis of time spent, and depreciation
charges allocated on the portion of the asset's use.
Expenditure on charrtable activities is incurred on directly undertaking Ihe activities which further the
charitvs objectives. as well as any associated support costs.
l expenditure is inclusive of irrecoverable VAT.
2.6 Tangible fixod as￿1$ and depr8¢iation
Tangible fixed assets are initially recognised al cost. After recognition, under the cost model, tangible
fixed assets are measured al cost less accumulated depreciation and any accumulated impairment
losses. All costs incurred lo bring a tangible fixed asset into its intended working condition should be
included in the measurement of cost.
Depreciation is Charged so as to allocate Ihe cost of tangible fixed assets less their residual value
over their esb'maled useful lives,
Dep￿ciatIon is provided on the following basis..
Leasehold improvements
Office equipment
Computer equipment
10%
33%
50%
The assets, residual values. usefvl lives and depreciation methods are reviewed. and adjusted
prospectively if appropriate. or if there is an indication of a significant change since the last reporting
date.
2.7 Debtors
Trade and other debtors are recognised al the settlement amount after any trade discount offered.
Prepayments are valued al the amount prepaid net of any trade discounts due.
Page 18

RED BALLOON LEARNER CENTRE CAMBRIDGE
IA¢ompany limit￿ by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
A¢counting poli¢i•s l¢ontinuedl
2.8 Cash at bank and in hand
Cash at bank and in hand includes cash and short-lerm highly liquid investments with a short maturity
of three months or less from the date of acquisition or opening of the deposit or similar account.
2.9 Liabilities and provisions
Liabilities are recognised when there is an obligation al the balance sheet dale as a result of a past
event, it is probable Ihat a transfer of economic benefit will be required in settlement, and the amounl
of the settlement can be estimated reliably.
Liabilities are recognised al the amount that the charity 8nlicip8tes il will pay lo settle the debt or the
amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best eslimale of the amounts required lo settle the obligation. Where
the effect of the lime value of money is material. the provision is based on the present value of those
amounts, discounted at the pre-tax discount rate that reflects the risks specific lo the liability. The
unwinding of the discount is recognised in the statement of financial activities as a finance cost.
2.10 Financial instruments
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial
instruments. Basic financial instruments are initially recognised at transaction value and subsequently
measured al their settlement value with the exception of bank loans which are subsequently
measured al amortised cost using the effective interest method.
2.11 Pensions
The charity operates a defined contribution pension scheme and the pension charge represents the
amounts payable by the charity to the fund in respect of the year.
2.12 Fund accountlng
General funds are unrestricted funds which are available for use at the discretion of the Tnjstees in
furtherance of the general objeclives of the charity and which have not been designated for other
purposes.
Designated funds comprise unreslricled funds that have been set aside by the Trustees for particular
purposes. The aim and use of each designated fund is sel out in the notes to the financial
stalemenls.
Reslricled funds are funds which are to be used in accordance with specific reslnctions imposed by
donors or which have been raised by the charity for particular purposes. The costs of raising and
administering such funds are charged against the specific fund. The aim and use of each restricted
fund is set out in the notes lo the financial statements.
Inveslmenl income, gains and losses are allocaled to the appropriate fund.
Page 19

RED BALLOON LEARNER CENTRE CAMBRIDGE
IA¢ompany limit￿ by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Income from donalions and legacies
Restricted Unrestricted
funds
funds
2024
2024
Total
funds
2024
Total
funds
2023
Donations
Grants
38.280
14,916
38,280
42,199
20, 137
16,076
27,283
27.283
53.196
80,479
36,213
Total 2023
7,076
29, 137
36,213
Income from charitable activities
Unrestricted
funds
2024
Total
funds
2024
Total
funds
2023
Teaching and support of bullied children
935,266
935,266
870,452
Total 2023
870,452
870,452
Investment income
Unrestricted
funds
2024
Total
funds
2024
Total
funds
2023
Deposit account interest
6,767
6,767
3,019
Total 2023
3,019
3,019
Page 20

RED BALLOON LEARNER CENTRE CAMBRIDGE
IA¢ompany limit￿ by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Oth•r in¢oming resources
Unrestricted
funds
2024
Total
funds
2024
Total
funds
2023
School lunches
Miscellaneous income
6,770
2,330
6,770
2,330
5,818
2,452
9,100
9,100
8,270
Total 2023
8,270
8,270
Analysis of expondituro on ¢haritsbl• activitie$
Summary by fund type
Restricted Unrestricted
funds
funds
2024
2024
Total
2024
Total
2023
Teaching and support of bullied children
4,219
1,049,987
1,054,206
922, 760
Total 2023
25,200
897,560
922, 760
Analy$is of 8xponditur• by activities
Activities
undertaken
directly
2024
Support
costs
2024
Total
funds
2024
Total
funds
2023
Teaching and support of bullied children
876,420
177,786
1,054,206
922, 760
Total 2023
839, 133
83,627
922, 760
Page 21

RED BALLOON LEARNER CENTRE CAMBRIDGE
IA¢ompany limit￿ by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Analy$is of 8xponditur• by activities l¢ontinuod)
Analysis of direct cost$
Total
funds
2024
Total
funds
2023
Activities
2024
Staff costs
Depreciation
Red Balloon of the air
Therapy
General resources
Food
Student travel and activities
Examination fees
Special activities
Educational resources
Tuition
Well-being
Careers and college Iransf(ion
Rates and Utilities
Staff welfare
Rent
Staff and volunteer travel
689,768
6,817
47
13,232
4,030
15,287
8,747
4,097
3,235
9,542
4,981
919
689,768
6,817
47
13,232
4,030
15,287
8,747
4,097
3,235
9,542
4,981
919
23
680, 184
6,571
11,927
11,180
3,781
12,447
12,458
2,991
3,940
8,515
4,544
654
548
19,130
787
95,596
182
19,130
787
95,596
182
10,941
933
67,406
113
876,420
876,420
839, 133
Total 2023
839, 133
839, 133
Page 22

RED BALLOON LEARNER CENTRE CAMBRIDGE
IA¢ompany limit￿ by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Analy$is of 8xponditur• by activities l¢ontinuod)
Analysis of support costs
Total
funds
2024
Total
funds
2023
Activities
2024
Legal and professional
Support fee (Red Balloon Group)
Training costs
Insurance
Renewals and repairs
Office costs
Bank fees
Bad debts
Loss on disposal of fixed assets
Travel
Gene￿1 expenses
Governance costs
25,975
8,000
3,887
5,479
44,610
15,403
25,975
8,01)0
3,887
5,479
44,610
15,403
11,845
8,000
2,721
6,094
21,685
10,999
20.480
25.248
1,025
10.025
17,594
20,480
25,248
1,025
10,025
17,594
10,382
347
11,494
177,786
177,786
83,627
Total 2023
83,627
83, 627
Auditors. remuneration
The auditors, remuneration amounts lo an auditor fee of £8.000 (2023 - £nil), and accountancy Se￿iceS
of £3,150 (2023- accountancy and independent examination services of £5,400)-
10. Staff costs
2024
2023
Wages and salaries
Social securrty costs
Contribulion to defined contn'bulion pension schemes
627,441
39,142
23,185
609, 198
48,528
22,458
689,768
680, 184
Page 23

RED BALLOON LEARNER CENTRE CAMBRIDGE
IA¢ompany limit￿ by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
10. Staff costs l¢ontinuod}
The average number of persons employed by the charity during the year was as follows..
2024
No.
2023
No.
Employees
31
No employee received remuneration amounting lo more than £60,000 in either year.
The Trustees consider the key managemenl personnel lo comprise the Coordinator and Deputy
Coordinators. The aggregate cost of remuneration of key management personnel during the year was
£149,685 (2023- £124.447).
11. Trustees. remuneration and expenses
During the year, no Tnjstees received any remuneration or other benefits (2023- £NIL)-
During the year, expenses tol811ing £182 were reimbursed or paid directly to 1 Trustee (2023 - £171 to 1
Trustee). The expenses related lo reimbursement of travel expenses.
Page 24

RED BALLOON LEARNER CENTRE CAMBRIDGE
IA¢ompany limit￿ by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
12. Tangible fixed assets
Leasehold Fixtures and
Improvements
fittings
Computer
equipment
Total
Cost or valuation
Al 1 Seplember 2023
Additions
Disposals
54,343
55,211
154.3421
11,485
4,186
17.802)
10,155
75,983
59,397
162.1441
Al 31 August 2024
55,212
7,869
10,155
73,236
Depreclatlon
Al 1 Seplember 2023
Charge for the year
On disposals
24,065
5,434
129.4991
10,638
540
17.397)
8,847
43,550
6,817
136.8961
Al 31 August 2024
3,781
9,690
13,471
Net book value
Al 31 August 2024
55,212
4,088
465
59,765
At 31 August 2023
30,278
847
1,308
32,433
1& Debtors
2024
2023
Due after more than ono y•ar
Other debtors
10,732
10,732
10,732
10,732
Due wlthln one year
Trade debtors
Other debtors
Prepayments and accrued income
12,953
2,112
5,080
15,943
1,368
1,819
30,877
29,862
Page 25

RED BALLOON LEARNER CENTRE CAMBRIDGE
IA¢ompany limit￿ by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
11 Debtors l¢ontinuod)
Included in other debtors due after more than one year is an interest free loan to Red Balloon Learner
Centre Group of £10,732 (2023 - £10, 732) which is repayable at over 12 months, noti￿ li.e. 366 days).
14 Creditors: Amounts falling duè within one year
2024
2023
Trade creditors
Other taxation and social security
Other creditors
Accruals and deferred income
5,726
5,165
6,152
52,147
2,544
10,424
150
13,120
69,190
26,238
Page 26

RED BALLOON LEARNER CENTRE CAMBRIDGE
IA¢ompany limit￿ by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
1& Statement of funds
Stat•mont of fund$ - current y•ar
Balance at 1
September
2023
Balance at
31 August
2024
Transfers
inlout
Income Expenditure
Unrestricted funds
Designated funds
Fixed assets designated fund
16,817)
66,582
59,765
Gèneral funds
General Funds
531,724
1,004,329 11,043,170)
141,514)
451,369
Total Unrestricted funds
531,724
1,004,329 11,049.987)
25,068
511,134
Restricted funds
Parent support fund
16+ provision fund
Erasmus project fund
Duke of Edinburgh Awards
Kitchen refurbishmenl
Lab refurbishment
2,274
719
6,692
(2.274)
13401
379
6,692
610
2,215
5,068
20,000
11,605)
15,068)
120,0001
9,685
27,283
14,219)
125,068)
7,681
Total of funds
541,409
1,031,612 11,054,206)
518,815
Page 27

RED BALLOON LEARNER CENTRE CAMBRIDGE
IA¢ompany limit￿ by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
1& Stat•m•nt of funds (Continued)
Designated Funds
The Fixed assets designated fund represents the net book value of fixed assets.
Restricted Funds
Parent support fund - Donations received from Co-op to support parenls via parent support group and
Family therapy.
16+ provision fvnd - Grant received from Qualcomm to provide Iransib'on support to fomier sludenls as
they move into further education. training and employTnenl.
BBC Children in Need Curiosty fund - Grant received to fund Science based learning activities.
Erasmus projecl fvnd - Funding for a collaborative project between a group of schools in the UK, Cyprus
and Poland.
Duke of Edinburgh Awards fund - Donations towards Duke of Edinburgh Awards related expenses.
Kitchen refurbishmenl fund - Grants towards the costs of the new kitchen.
Lab refurbishment fvnd - Grants towards the cost of a new science laboratory.
Page 28

RED BALLOON LEARNER CENTRE CAMBRIDGE
IA¢ompany limit￿ by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
1& Stat•m•nt of funds (Continued)
stst•mont of fund$ - prior y•ar
Balance al
I September
2022
Balance al
31 Augusl
2023
Income Expenditure
Unrestricted funds
General Funds
518,406
910,878
(897,560)
531, 724
Restricted funds
Funding for garden sludio
Parent svpport fund
16+ provision fund
BBC Children in Need Curiosily fund
Erasmus project fund
Funding for Covid-19 support
Other restricted funds
486
4,939
1,096
8,562
6, 692
6,034
(486)
(2, 665)
(377)
(15,526)
2,274
719
(6,964)
13,656
6,964
(6,034)
(112)
112
27,809
7,076
(25,200)
9,685
Total of funds
546,215
917,954
(922, 760)
541,409
Funding for garden studio - Funding received from Qualcomm to build. decorate and equip a garden
office studio.
Parent support fund - Donations received from Co-op to support parents via parent support group and
Family therapy.
16+ provision fvnd - Grant received from Qualcomm to provide Iransib'on support to fomier sludenls as
they move into further educalion. training and employTnenl.
BBC Children in Need Curiosity fund - Grant received to fund Science based leaming activities.
Erasmus project fund - Funding for a collaborative project between a group of schools in the UK. Cyprus
and Poland.
Funding for Covid-19 support - Funding from the National Lottery lo support students and their families
through the pandemic and beyond. This includes Family therapy.
Other reslricled funds - Donation towards Ihe cosls of art supplies.
Page 29

RED BALLOON LEARNER CENTRE CAMBRIDGE
IA¢ompany limit￿ by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
1& Summary offunds
Summary offunds- current y•ar
Balance at 1
September
2023
Balance at
31 August
2024
Transfers
inlout
Income Expenditure
Designated funds
General funds
Reslncted funds
16,817)
1,004,329 11,043.1701
27,283
14.219)
66,582
141,5141
125,0681
59,765
451,369
7,681
531,724
9,685
541,409
1,031,612 11,054,206)
518,815
Summary of funds - prlor year
Balance al
I September
2022
Balance al
31 Augusl
2023
Income Expendilu
General funds
Restricted funds
518,406
27,809
910,878
7,076
(897,560)
(25,200)
531, 724
9,685
546,215
917,954
(922, 760)
541,409
17. Analysls of net assets between funds
Analy$is of not ass•ts between funds - curr•nt period
Restricted Unrestricted
funds
funds
2024
2024
Total
funds
2024
Tangible fixed assets
Debtors due after more than one year
Current assels
Creditors due wrthin one year
59.765
10.732
509,827
169,190}
59,765
10,732
517,508
169.1901
7.681
Total
7.681
511,134
518,815
Page 30

RED BALLOON LEARNER CENTRE CAMBRIDGE
IA¢ompany limit￿ by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
17. Analysis of not a$sots botwe•n funds l¢ontinuod}
Analysis of not ass•ts between funds - prior period
Restricted Unrestricted
funds
funds
2023
2023
Total
funds
2023
Tangible fixed assets
Debtors due after more than one year
Current assets
Creditors due wrthin one year
32,433
10,732
514,797
(26,238)
32,433
10,732
524,482
(26,238)
9,685
Total
g,685
531, 724
541,409
18. Reconclllatlon of net movement In funds to net cash flow from operatlng actlvltles
2024
2023
Net expenditure for the period las per Stslement of Financial Activities)
122,5941
(4,806)
Adjustments for:
Depreciation charges
Loss on Ihe disposal of fixed assels
Increase in debtors
Increase in creditors
6,817
25,248
11.015)
42,952
6,571
(14,253)
4,000
Net cash provlded byllused Inl operatlng actlvltles
51,408
(8,488)
19. Analysis of cash and ¢a$h oquivalonts
2024
2023
Cash in hand
497,363
505,352
Totsl cash and cash equlvalents
497,363
505,352
Page 31

RED BALLOON LEARNER CENTRE CAMBRIDGE
IA¢ompany limit￿ by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Analysis of changes In net debt
September
At31
2023 Cash flows August 2024
Cash at bank and in hand
505,352
17.989)
497,363
505,352
17,989)
497,363
21. Pension commitments
The charity operales a defined contribution pension scheme. The assets of the scheme are held
separately from those of the charity in an independently administered fund. The pension cost charge
represents contributions payable by the charity lo the fund and amounted to £23,185 (2023 £22.458)-
Contributions of £6.152 (2023 - £150) were payable to the fund al the balance sheet date and are included
in creditors.
Operating lease commitments
At 31 August 2024 the charity had commilmenls to make future minimum lease payments under non-
cancellable operating leases as follows:
2024
2023
Not later than 1 year
Later than 1 year and not later than 5 years
51,667
277,708
31,331
329,375
31,331
Page 32