Registered number: 10978174 Charity numbèr. 1175826 RED BALLOON LEARNER CENTRE CAMBRIDGE (A company limited by guarantee) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 'AF31GGUR" 28105r2026 c￿PANIEs HOUSE 255 RED &4LLOON LEARNER CENTRE CAMBRJDGE IA company limited by guarantee) CONTENTS Page Reference and adrnini5trativ8 dÈtail$ of thB charity. its Trnstees and advisers Trustsès. report dep•ndent auditors. report on th* finaneial statemuts 9-13 Statèrnent of finaneial actfvities 14 Balance shett 15 Staternent of cash flows 16 Notes to the financial statèm•nts. 17-34" RED BALLOON LEARNER CENTRE CAM8RIDGE (A company limited by guarantee) REFERENCE AND ADMINISTRATIVE DET￿Ls OF THE CHARITY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDEO 31 AUGUST 2025 Trustees Miss Jane Green lapwnted 6 January 20251 Ms Davina Harvey lappointed 2 June 20251 Mrs Judith Haste Mr Peter Law Mrs Kathleen PknGuire (resigned 9 January 20251 Mr Paul Morton-Kemp lappcmnted 2 June 2025 Mr Mark Patterwn Mr lan Swain {resigned 27 November 2024} Mrs Eleanor Thynpson lapwnted 24 November 2025} Company registered numbBr 10978174 Charity registered number 1175826 Re9iStered offi¢e 4244 Hiyh Street Milton CambrKJ9eshire CB24 6DF Coordinator Ms Jessts Lechner Independent auditors Lakin Rose Limited charter￿ AcccMJntants Slalutory Atjditors CambrKlge Housè Camboro Bwrpss Park Girton Cambridge CB3 OQH Page 1 RED BALLOON LEARNER CENTRE CAMBRIDGE IA company limited by guaranteè) TRUSTEES. REPORT FOR THE YEAR ENOED 31 AUGUST 2025 The Trustees present th￿r annual report tcgether wilh the aL*Jited financia slatements of the Red Balloon Learner Centre Carnbridge for the year 1 September 2024 to 31 August 2025. The annual report Serves the purposes ol both a Twstees, report and a directors. retM)rt urKler company law. The Trustees confirm that the annual report and finanoal statements of the Charitab￿ crynpany comply with the cUr￿nt stattrtory requirements, the requirements of the chaiitable c(xnpanVs goveming document an£J the provish)ns of th Slalement of Recxjnmended Practice ISORPI app1vts￿ to charitie5 prepariro their accounls in accordance wilh the Financial Repoibng Standard aroliGabk in the UK and Republ￿ of Ireland IFRS1021 {effèctive 1 January 20191- sin￿ the charty qualifEs as srnall under section 382 of the Cornpanies Ad 2006, the strategic report lequi￿d of medium and large companies under the CorrTpanies Act 20(￿ Istrategic Report and Directors. Reporti RegulaliMs 2013 has been omrtted. Obj¢ctive5 and a￿1vitieS a. Polici85 and gbjectives The objects of charity are set ￿J¢ in the Arl**s of A5socialKJn registered at Companies HoLtse on 23rd September 2017. o adv3nce 11)e education of children aged 7 to 19 at the Red Balk￿ Leamer Centre, trmng students who are the victims ol bUll￿"n9, or by reason ol other emotional trduma or illness. a￿ for Ihe time beirKJ unable to attend mainstream schools. induding. but not limiled to. provmling them with lurtKJn and appropriate face-t￿[ace and cTrline supwrt in a safe leaming environmènt until they are ready to ietum to mainstream educatKJn or take up training or employrnent." We achieve objects through the provi5NJn of an 'intensive care. full kn.me edUCat￿n and support programme. Therapy and counselling are offered to students ar￿ families. Conb"nuing use is made of volunteers to work wrth stLKlents. All vobjnieers have enhanced DBS checks.. In settj'ng 0￿.ectiveS and planniru for aCtI￿t￿. the Tfuslees have gNen due consideration to general guidance tAtshed by the Chartty comm￿M)n relats.ng to pubk benefrt. Induding the gurdance 'Public benefit." running a charty IP621'. b. Main activities undertaken to further the charitys purposes for the public benefft The charity provides full-trme ed(KatN)n for chftdfen who seLf-exchth from SC*￿1. There is rn other purpose made scheme to sUp￿rt the recovery ol Ihis group of thikI￿n and to give them t￿1r 'lile' back. Another In￿nI asFect of the work that the charity (k)es ￿ to L4fer supw)rt to thè parenls and carers of these Chi￿ren. c. Management The trustees, in c(￿Su￿a￿.0n with the coordina1￿. make dec2540n5 ab¢yJt staffing. budgeting anLI performance reviews. Trustees. direclors and consultants of Red Balbon Educational Trustwith speoalLSt knowSedge may be nsulted about employmenl and other human resource issues. Trustees lo raise local avrdreness of Ihe needs of chiklren ￿ have been so badty bull*d or sulfèr from severe emolonal trauma or menlal health issues that they cannot attend m81nslream The aim is to draw attentson to the fact that such Ch￿dren shoukj b8 prov¥Jed ￿1h fuu ts.me eduGafts). Page 2 RED BALLOON LEARNER CENTRE CAMBRIOGE IA company limited by guarant••l TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2025 Achi•¥ements and perfonnance a. Main achièvements of the charity The trustees are satisfied the perforMar￿￿ ol the charity during the year eryjed 31st August 2025. The objectives of the chanty a￿ only achieved Ihrough the skill. hard v￿rk and dedutDn ol Ihe staff and volunteers at Red Balloon Leainer Centre, Cambridge and as trustees we are indebted to the tearn. AchEvement and performance at Red Balloon Leamer Centre, Cambridge are measured by the increase in setf-esteeffl and Confiden￿ of each of the students, their ability to ho￿ their ovm in the w¥Jer wortd and their undèrstandin9 01 themselves and otheis. as well as through academ￿ prcMJress and results. The last few years have been a kn.me of grow￿ and expansvjn for Red 8alh)on Learner Centre, ca1n￿dgtr. In September 2020 we were able to open a Se￿￿￿ centre in Cambridge. The successful opening of thè sècond centre allowed us to douUe the amounl of places that we are able to offer to students eath year. In the summer of 2024 we wmpleted a further move inlo a Sing￿ nthv twjilding at 42144 Hpah Street. Mitton. We have completed c¥Jr first full academr ￿r in the new building. and the experience has been very p0s￿'Ve for staff students alike. Everyyjne ha5 adapted very well to our new home. and the sentirnent about the move has teen uniformly enthusiastic_ We have also once again been able to modesty increase our sludent numbers. In the new centre. our single kxation has enabled stsff and students to work even morè collaboratively and efficiently as a ieam. Issues can be quickly and easity 5dved. It 15 also provKJing the sludents an opporiunty to meet a wider pool of people and the￿fore wovidin9 them more social opportunitE5. to bè inspi￿d by others and learn from each other. B￿uSe of the s¢t UP, Students need quiet 5paGes can make use of this loo. We remain as strongly commrtted as ever to offering a wide ran9è of curriculum subjects to all students. These indude English. Maths. sc￿nCe. Humanities. Art. Musre. Media. Drama. Languages Iincluding Brrtish Sign Language). PE Iwith support from The Leys school). ICT, Lrfe Ski115 arKI Citizenship. In addth.tsn to offering GCSES. we have a range of qualificatK)ns, including Unrt Awards arKI project qualfficatN)ns to motivate 8nd re¢ognise those sludents who Ihri¥e in vctaknonal arKJ pra¢kn"¢al weas. In ath1rt(on we ￿ able to offer LAMDA exams and ASDAN training. Ouf most imfnediale goals are to make even bètter use of the space that we have in Mitton, ty exploring the possibility of converting the k)ft into a quEt Spa￿ for 8ddttK)nal ¢lassÈs and therapy. We hope to complete this work in the sufflmer of 2026. b. Exams In the school year 2024125, nine students took a totsl of thrteen GCSE qualifitstions. Subjects inctuded Maths. English Language, French, Religious Studies and Art. In additKJn to the GCSES taken thi5 ye¥. some students undertook other examinatK)ns Ythich included Malhs Awtards. English Functional Skills. History. Geography and Science entry levèls qualrficat￿s. We supported o(Jr learner5 to prepare lor these exams so that they could do their best and we are very proud of the set of results Ihat our students achieved. gNen h(yw much educat￿ many of Ihese stvjents had missed before being admitted to the centre. Paoe 3 RED BALLOON LEARNER CENTRE CAMBRIDGE IA company limited by guarantee) TRUSTEES. REPORT ICONTINUED) FOR THE YEAR ENOED 31 AUGUST 2025 Achievements and perforn￿n¢e Iconlinuedl . Activities, trips and èxcursions Red Balloon doe5 not just care abwt acadeffl￿ resuts, and s￿￿￿¥￿1 b"me, erErgy and expertise are given to ensuring that the students ha¥8 8 wder ￿rnIng eXper1er￿ throvgh regular actiwties and special evenis SLtch as cooking and baking, museum trips. t*)ard games. dowalking. DIY. SY¢imming. rircle time. life skills sessions and day trips. These acfvities prornote increased self*steem. emotional reguJatw)n. Ènhanced sociaj and commynicath.on skills and a level ol confKYence Ihat ¢anrK)l always be developed li a dassroom. In addition, many of cxjr sludents benefrt from vEekty therapy or (xjunselling SesS￿n$. We also work coliaboratwèly v olher schools and local groups to develop partner5t)ips across drfferent organisath"ons. Thr￿ghout the sthcM)l 2024r25. %bEre able to offer s￿dents a range of educatK)nal visits and excursKJns. Thère vras a trip to the British Museum, wh￿h allowed students to wew a %bide range of eXhibit￿n$. induding the Samurai of Japan, being able to touch the repl￿ ol the Rosetta Stone and the Picasso exhibrtion. Siudents also experTence(I navgatirwJ the streets of LLX)(b)n and a train joum&y to Londm. StLttl8nts takIr￿ Ihe Animal Care ASDAN (Award Scherne Development and Accredital￿n Netwothl course spent a day at shep￿1h w1￿111e Park. Studeni fws was on animal investyations and on conservation of endangered species. Some time spent expkJriThJ the park and compleb.ng tasks before we joined the bat feeding sessil￿ where students feamt about fruit bats. The students then made enrichment boxès and gave them to the meeFtats and coyotes. The students also attended a talk on the red panda and Sumatran tiger. where the students learnl about the spec￿5 in the wld and the animaLs in the care of Sheweth. These students also had a wsit to the Village Vets in Milton for a behind the ￿fte$ lour followed by a Q and A session wilh a vet. The students saw the operalry Iheatre. the imag￿9 r(xyn. the inlensive care unit. pharmacy as well as the reception and consultiny roorns. A STEM grwp of students visrted the Unr¥ersty of Cambrwjge Iwtsbtute of Astr￿0MY Observatory. The students attended a very interesting talk on how solar wind frc¥n the sun ¥itèracts with the Earth's m&3netic field and the Kxjtential impad on Irf¢ on Earth. The talk VRS in a kclure theatre so students experienced what it is like attending a lècture at a unNersity 2fJ) 0ll*T peoe. This yearfs residential trip wa5 lo Ihe Lake District. where students V*Ere able lo parbcipate in a rarKJe of outdc>Jr pursuits including kayakn'NJ. canoeing, abwling, hiking, raftmg. caving. archery and or￿lteerIng. This gave much opportunity fL¥ sludents to ¢Jevelop team building skiifs. We have found over Ihe ￿ar5 that Ihis fesKJenlia trip has a range of bèneffts students. BeiThJ on a residential exGursion moves them outsvje of their comfort Zone and gNes opFAyiunities ￿ develgp self-esteem. In many cases, rt is perhaps the onty time Ihey have been away from horne in ihis way. this reason the wsit helps to build confidence and th•r sense of self. The sludenls develop both camaraderie wrthin the group anrtem basis can be fouThJ in the accounts.ng policies. b. Reserves policy The trustees have dec￿ed that unrestricted reserves shotJl¢J be eqvivalenl to fwe months, worth of operational èxpènditure. At the ￿¥￿1 ol eXpe￿Ilture lor 2024125, this should equal around £440,OCQ (2024.- £420,OOOJ. At 31 August 2025, unrestricted reseNes defbned as unrestricted fijnds less fixed assets was. £576,933 (2024.. £451,369J. c. Flnanclal Tevlew Totsl Unrestrict￿ intome during the year was £1,199,268 (2024.. £1,L￿4.329). Of thts, £1.137,752 (2024.. £935,266J came from fees or bursaries. Total resln.cled donat*Jns and grants income in the year was £17.963 (2024.. £27,283). see note 15 for details of Ihese lunds. Totsl expenthtijre was £1.rffi.582 (2024." £1.054.206} and was incurred in Ihe performance ol the ¢haritsble tivities of the company including Staffing, rent. utilthes and other general running Costs. £1,055,307 (2Q24.. £1,049,987) was spent from unrestricte(I funds and £10.27512024.. £4.219) spent from restrtted funds. An unrestricled suwus of £143,961 (2024." ￿er￿it of £20.590) was re(xJr(Jed, bmging total unrestricted funds to £655,095 (2024. £511. 134). d. Material Investments policy The trustÈes' poh'cy ￿ investsnent is to retain suwus l￿d5 in interest-bearing deposit accounts. Pagè 5 RED BALLOON LEARNER CENTRE CAMBRIDGE IA company limited by guarantee) TRUSTEES. REPORT {CONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2025 e. Princ•pal risks and uncertainties The trustees have Èxamined Ihe maior strate9r and operational risk5 which the tharity faces. Thè main areas for concern are." Sourcing of funding frx Sludents Safeguarding of students Loss andlor recnthtment of key staff The trustèes and the staff have devek)ped a lee pricing stwcture thal 15 revith%Ed annually and that reflgcts the overall costs ol the support and educatK)nal neets of the Siudents. Safeguar(ting of students is of the highe* prKwity. Ongo￿9 staff training in Chikl Protection and Heath & Safety is provided regularty and all trustees compkie Level 1 safeguardi￿ when apwnted. In addition. trvstees mwjage the fvsk Re9￿ler for the Centre. and a full raNJe of Oioes are regularfy reviewed by staff arKI trustee5 together. Stweture, govemance and management a. Con$titution Red Baifcon Leamer Centre CambrKlge 15 reg￿tered a5 a chaiitable (x)mpany limited by gu*antee and was set up by a Memorandum of Association on 23rrJ September 2017. b. Govèmanee The Board ol Tiustees has the power to apF4)mi new trustees by resOlut￿n * a sperial meetin9. An op?n and transparent recruitment pr0ce5s is undertaken. People who ￿rne to the trustee5' attents.on as having relevant experience, Inte￿1 or expertise are asked if they woukl U￿sider beGtsrning a Irustee. we inleMewed by other trustees and students, and. if r( ￿ conswJeTed appropnate, are introduced to_all of the trustees. Wl trustees are subject to enhanced DBS checks and must provKle a Dedaratw of Interests and confimi th* they are 'fit' to serve as a charity trustee. The Boaril ains to meet ￿lce per lemi and htskls an AGM w) the summer lerm. At each meeb.ng studènt 09￿$$ ts reviewed 8th9 With progress on the S¢￿1 Oeveh)pment Plan. Regular ¥nanagemenl accounts are also provKled for each meeting. Over the pasl year we have recruiled addIt￿nal trusteès to expand the range ol experience and expertise. The current Board of Trustees comwise5 7 truslees. supported by an experiefi￿d derk. Page 6 RED BALLOON LEARNER CENTRE CAMBRIDGE IA company limited by guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDEO 31 AUGUST 2025 Plans for future periods Our current focus is to continue to eslablish Red Ball(x)n Learner Centre. Cambridge in our new home in Millon. We a￿ WlSKJefing modificat￿nS to Ihe premises Ihat w￿1 make better use of the space. Irb re￿nt years. we havè also been to èxpand our offering of support to the families of our young leamers through the offer of therapy sessions, whith have proved very successful. We are able to offer some parents 8 series of therapy session5 to SUPkxxI them a5 well as their child. We are findirKJ that this is of great benefit lo many of the families of the y)ung peO￿e that we support Our aim is to expand thts programrne and to offer this therapy in a broader way. We secured sryne addli￿nal fuwKJing 1£20.0(L) frown Evelyn Trust) 19 sUPPOrt our expansion ol this wvrk. The current and future school development plan5 will o)ntinue to be based on a fvll ￿￿leW of our progress in all areas, particularly using Ihe Independent Sthwls Assockits"on's own Sell EvalUat￿n Procéss. The specrfic areas ol focus for the currenl academic year indude.. enharKing youth work provision, strengthening aspects of HR and governar￿e., fU￿raiS1r0 stralegies.. and increasing usatAe space *ithin the n8w building. Members. liablllty The Members of the charity guarantee to contribule an rM)t exceeding £10 to the assets of the tharity in Ihe event of winding vp. With Special Thanks The special relationship5 that Red 8alkK)n Learner cent￿ caMbr￿ge has wth schools and local authorities in Cambridgeshire and beyond, and organisatitins and 1Th1￿7￿￿aIS who prowde many types of support Isuch as the Leys school). all eontribthè to providing the best possible ejucalion and care for Ihose children that need our help. We are grateful to 811 the organisations and individual donors wtho have generousfy supported Ihe work that we do. In addth'on to Ihe supporters mentioned above. we woubj like to thank The Betty Lawes Foundation. Milton Hall Foundation Ltd, The Patricia Rouledge Charrtable Trust and The Pye Foundation. Page 7 RED BALLOON LEARNER CENTRE CAMBRIDGE {A company limited by guarant•el TRUSTEES. REPORT {CONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2025 Statement of Trustees. rgsporffjibilities The Trustees (who are also Ihe directors of the tharty for the purposes of o)mpany lawl are responsible for preparing the Trustees, report and the fnanGial 5fatements in accorLlance applicable law and Uftited Kingdom Accounljng Standards (United lQ'ngdom Generalty Accepted A(xx)unting practi￿). Company law ￿qUI￿S the Trustees lo prepare financial stslernents for each fmancial year. Under cornpany law, the Trustees must not approve rhe financial slatements unless they are satisf*d that tw give a true and fair ew of the state of affairs of the thafty and of ts incomin9 resources a￿1 appI￿allon of ￿sOurCes. including its incomè and ex￿nditUr&. fL¥ Ihat ￿rK￿Y. In prepamg these financial statements. Ihe Trus*e5 are required to". select suitable accounlirKJ poltcies and then appty them 4XnSiStentty.' observe the methc¥Js and princbpies of the Charities SORP IFRS 102}", make judgments and accounting estimates that are reasonable and prudenL state whether applicable UK Accounting Standards IFRS 1021 have been folkjwed. subject to any maierial departures disclosed and explained in Ihe firbancial stalements." prepare the financial slaternents on the going basis Un￿SS bt is InapprOpr￿le to presume that the charity will Contsnue in business. The Trustees arè responsible for keeping adequate accounting records that are sufficiènt lo show and explain Ihe charrtV5 transactions and disck)se ￿asOnable accuracy at any time the financial position of the charity and enable them to ensure Ihat the financkql stalernents comply wth the Companies Act 2006. They are also iesponsible for safeguarding the assets of the charjty and hence for taking reasonable steps fDF the prevenb.on and ¢Jelection tsf fraud and other irregularities. Disclosure of inf<)nnati¢m to auditor5 Ea¢h of the rkrsons wfKJ arè Tntstees at tho lime lthen this Trustees. reFQrt ts approved has (Xmthrmed that.. so lar as that Trustoe is aware. there is no relevant aLwJrt A)formation of the charitys auditors arè unaware. and that Trustee has taken all the steps that ought to have been taken as a Trustee in order tg be awa￿ of any ￿levant audrt infomation 8nd to eslablish Ihat the thartys auditor5 are aware ol that infomiation. Auditor5 The auditor5. Lakin Rose knmrted, have inthated their willingness to continue n office. The designaied Trustees 11 propose a motson reap￿l￿t￿g the auditors at a rneeti￿ of the Tnjslees. Approved by order of the members of the board of Trustees c 22 May 2026 and s￿ne￿ on their béhatf a¢k P91￿￿{￿13Y22. Ztr2& 3..53pn} Mr Mark Patterson Chair of Truslees Page 8 RED BALLOON LEARNER CENTRE CAMBRIDGE IA company limited by guarantee) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF RED BALLOON LEARNER CENTRE CAMBRIDGE Opinion We have audited the financial StateM￿ts of Red Balthn Leamer Centre Cambridge Itme 'charitll for the year ended 31 August 2025 which comprise the statement of finanaal activrties. the balance sheet, the statement of cash fk)ws and the ￿lated notes, induding a summary of swJnificant accounting Wiues. The financial reporting framework that has been applied in their weparation is applicable law and United Kingdom Accounting Standards. including Finanoal Rep¢Mb"ng Slandard 102 Thè Financial Repo￿"ng Stsndard applic8ble in the UK rtd Republ￿ of Ireland. (United KingdcKn Genefalty A￿￿ted ALuuntI￿ Practice). In our opIn￿n the finarrAal ststements.. give 8 true and faw view of the ststé of Ihe charitable (x)mpanKs affairs as at 31 August 2025 and of its incoming resources ar￿ applicabon of ￿our¢e$, inciudwig tts income and expendrture for the year then ended". have been proFwly prepared in accordano Unrtet1 KThJdom Generally Accepted Accountin9 Prackn"ce," and have been prepared in acCOrdar￿ with the requirements of the CompaThes Act 2006. Basis fgr opinion We conducted our 8udTI in a￿OrdanCe with Intemati(wl Slandards on Authb"ng IUKI IISAs IUKII and appI￿able law. Our re5ponsibilrtie5 under those Star￿ardS a￿ further descri1￿d in the Audrtor5' restxjnsibilities for tre audit of the financial stalefflents section of our ieport. We are independent of the charitaNe company in accordance ith Ihe 8thtsl requirement5 that are relevant to our audit of the financial sialements in thè United Kingdom. including the Financial Rekvb"ng Council's Ethtsl Standatd. and we have fuifille¢J our other Ethical respon5ibilitEs in accordance with thesè requirements. We t￿lieVe that the audit evidence ￿ have obtained is sufficEnt and appropriate to provvje a t￿SE$ lor our wnion. Conclusions relating to goin9 concern In audib.ng the financral st*emenls. we have cOnd￿jed that the Trustees. use ol the going concèm basis of ounting in thè preparatton of the finanaal statements is appfopiiate. Based on the work we have performed. we have not ￿ents'fEd any materkql uncertainties relating to events or conditions that. individually or collectivety. may t3st signrficant dwbt on the chafilable c(rfnpanVs ability to continue as a going concem for a period of al least tsvefve months from vknen Ihe financial statemenls are authorised for issue. Our responsibilities and the respoWbl￿"eS of the Trustees V*Tth resFe¢t to going Tr)ncem are de%rib¢d in the relevant section5 of Ihis rep Page 9 RED BALLOON LEARNER CENTRE CAMBRIDGE IA company limited by guarantee) INDEPENOENT AUDITORS. REPORT TO THE MEMBERS OF RED BALLOON LEARNER CENTRE CAMBRIDGE ICONTINUEDI Olher information The other information comprises the infomalion included in the annual retK)rt other Ihan the financial statements and 8u(litors' rewt thereon. The Truslees a￿ fe5ponsible for the other inf{)r￿￿tiOn contained thin the annual report. Our q)•iion on the financial ststements dces not cover the other information and, except to the extent 01he￿ise slated repJrt, we do not express any lom ol assur3￿ condusion thefeon. Our ￿SpOnsIbl11ty is lo read the other infwnalon and, in doing so, cmsider whether the other informabon is materially inconsistent wrth the finanoal statements or our knovAedge obtained in the course ol the audit. or olheTh4i58 appears to bè materially misstated. 11 we identify such material inconsistencies or apparent material misstatements. we are required to determine vknelher this gives rise to a material misslatement in the financial ststements themselves. If, based on the work we have perfomied, we C￿clUd& that there is a material mBstatement of thi5 tsther infoffliatK)n. we aft required to report that fact. We have nolhing lo reFK)rt ￿ thi5 regarf. Opini¢)n on other matters prescribed by the Companles Act 2006 In our opinion. based on Ihe work uThJertaken in the COLwse of the audrt." thè information given in the Trustees. ReFK)rt for thè fmarrial year for the financk41 stalements are prePa￿d is congslent with the financial statements. Ihe Trusteès. Report has been prepargj in acc(*dar￿e v•th applicable legal requirÈments. Matters on which we are required to report by èxception In the li9ht of our knowwe and understsndir#J of the chariatle company aThJ rts environmènt obtained in the course of the audit, we have *Yentif*d m*enal mi5Statements in the Trustees. Retw)rt. We have nothing to repNi in respeca of the folky•A'ng maiters in ￿tK)n to Companies Act 2006 rèquires us to report to you rf, in our opinion.. adequate accountyn9 records have rnt been kepL rx rèturns athquate for oui a￿111 have not been reGeived from branches not vi8rted by LL8." or the finanoal ststements are not in agreement the accounting record5 arbd relums,. or certain dEdosures of Truslees. remuneration speofied by law are not mède." or we have rKSt receive(l al the inf0rfflat￿n and exp￿￿a￿n$ we require for otjr audsi or the Trustees were not entitled lo prepare Ihe finanual ststements in accordance with the small companies regime and take advantage of the small companies. exemptions in preparing the Trustees. Report aThJ from the requwernent to prepare a Strategic Re￿rt. Poge 10 RED BALLOON LEARNER CENTRE CAMBRIDGE IA company limited by guarantee) INDEPENDENT AUOThORS' REPORT TO THE MEMBERS OF REO BALLOON LEARNER CENTRE CAMBRIDGE ICONTINUEO) Responsibithties of trustees As explained more ftjlly in the tru5tees' ￿$￿>￿sibIlItieS ststefflent, the TrtJ5tees (who are also the directors ot the charilable cornpany for the purposes of company lawl are re$sK)nsib￿ for prepar*K)n of the financial slatements and for being satisfEd that they give a Ir￿ and fair view. and for such internal control as the Trustees determine is necessary to enab￿ the preparalion of fmanckgl statements that are free trc4n material misstatement, whether due to fraud Of error. In prepamg the finarmial $tsteM￿ts. the Trustees a￿ ressx)nsible fc¥ assessing the ¢haTitatA& ¢ompanYs ability to wntinue as a going concem. discfosing, as ap￿iCable, matters related to goin9 cr*￿￿￿ and using the going concern basis of accounb.ng unless the Trustees erther M)tend to liquidate the charitabk ¢ompany or to cease operatiorLS, or have rwJ realistt¢ aliemative tyjt tg do so. Auditors. responsibilities for the aud4t of the financial statemef Our obJ"èctiV&S 8re to obtain reasonabje assurance abc#Jt whether Ihe financial statements as a %thole arè fr88 froffl materral fflis5tatement, whether due to Iraud or eryor, and lo issue an audiiors. report that includes our opiniorb. Reasonablè assurance is a high level of assurance. but i8 not a guaranlee that an audit conductèd in accordance wth ISAS IUKI ￿11 ahAfays detecl a material misstatement when Trl exists. Misslatements can arise from fraud or error and are considered material if. indmdually or in the aggregate, they could reaSona￿Y be expected to influence the economic de(isions of users laken on the basts of these financ￿1 statements. Irregularitie5, including fraud, arè instances ol non-compliance with laws and regulations. We design procedures in line wth our respI￿$1b11it*$, Cwtlined a￿Ve, to detect material misstatemènts in respect of irrÈgularitiÈs, including fraud. The extent to which woceduces are capa￿e ol detethng irwularth'es, including fiaud is detailed ￿k)￿r. Extent to which the audii was consKler&d capat4e ol dètectiNJ irregularitiès. including fiaud We ￿entfy assess the risks of maler01 mtsstatement of the financial statements, whether due to fraud or error. and then design and perform audit procedu￿ resp)nsNe tts those risks. i￿luding obtsining audit evidence that 15 sufficbent and apprcwate to pfovide a basis f￿ our O￿niOn. Idenbty'ng arKJ awssing rtsks related to irregulafitses In identfying and assessing risks of material mi%ststement in res￿1 of irre9ularrt*. irK4uding fraud and non- compliance wtth law5 and regulalions, we o)nsidered the follcwrKJ". the nabjre of the sectcy. conlrol environmenl and ￿f{XManCe. results ol our enquiries of managernent abwt thetr cftml Identi￿ation and assessment ofthe risks of Irregularit￿s., any mattefs we ident[r￿d having obtained aThJ rewv•ed the charitrfs doUjm￿t0ti0n ol their policies and proce(lures relab.ng to". - identrfyKig. evaluab"NJ aThl comth'ThJ with and regulations and whether they were aware of any instances ol rK)n-wmpliance," - detecting and rèsponding to the risks of fraLwJ and whether they have kr￿￿edge of any acthal, suspected or al￿gert fraud: - the intemal contrds eslablth8(I to mthgate rtsks of fraLKI or nor￿MplIanCe wlh law5 regulations", the discussK)ns among the audit engagement team and involwng re￿vant intemal specialists regarding how and vthere fraud mwjht 0￿￿r in the financial stalements ano any pcrtential Ind￿10r$ of fraud. Page11 REO BALLOON LEARNER CENTRE CAMBRIDGE IA company limited by guaranttel INDEPENOENT AUDITORS. REPORT TO THE MEMBERS OF RED BALLOON LEARNER CENTRE CAMBRIDGE {CONTINUEDI As a result of these con5idere(I Ihe and inceniNeS that may exist within the organisation lor fraud and idenlffied the 9￿atest rotential lor fraud in ￿latsOn to revenue recognition. In common wth audits under ISAS (UK). we a￿ also required to Ferform speafK procedures to rèsF)ond to the sk of management override. We also otrtained an understanding of the kgal and regulatory frameworks that the charity operates in, focusing on wovisions of those laws and re9ulalions that had a direct effect on the determination of material amount5 and disdosures in the financial statements. The key taws and wulations we considered in th￿ context inclu¢Yed the UK Charii*s Acl. the UK Compar4es Act and UK lax leg15lati￿. In addition, we COnSKlered pro￿$10ft$ of other laws and regukb"￿s that do not have a diwt effect on the financial statemènts but compliance may be fundamental to Ihe charty's ability to operatè or lo avoid material penalty. We identified no suth LIw5 and regulations applicable to Ihe charity. Audit resFW)nw to risks mjenb"f￿d As a result of perforn)ing the atr*Jve. we I￿]hed revenue recwition as a key 8LMJit risk rei*ed to the potential risk of fraud. Our pr(￿dureS to ￿P)nd to rtsks kyenbfied the folhMNJ". reviewng the finanGkAI statement disdosures and lesb.ng to SUPFM)rting tlocumentatKJn to assess compliance With provisK)n5 of re￿vant laws and regulatN)ns described as having a direct effecl on the rinancial statements.. enquiriTrJ ol managernent ￿ncemIng acbjal arvj potentkal 1ft￿8t￿)n and claims,. perfomiing analytical pfocedures to identfy any unusual or unexpected relationships that may indicate risks of material mwtstètemenl due to fraud.. reading minutes of meetings of Ihose chaTge(I gov•mance'. obtained an understanding of provtsions and heky discJJss*Jns 7Mth management to undersland the basis ol recognititsn or n0n-reco9rNt￿n ol pr0¥7s*Ms." aThY in addressing the risk of Ira(Jd through managemeni ()verride ol c￿ntr￿s, testing ihe appropriateness of Journal entrie5 and other adjustmenis., assessiNJ v*hether the judyements made in making accounting estsmate5 a￿ indutive of a p)tenttal bias.. and evaluating the t¢usiness ratronalè of any stgnifieant transadions thai ale unusual or outside the nornial c4)urse of business. We also cornmun￿ted relevant identrfied taws and regulab(*is and wteniial fraud risks io all engagement team members induding intemal s￿¢￿311Sts. and remained abert to any indtstions of fraud or non-compliance th L4ws and reguLitw)ns throughout the au¢JL A further description of our res￿nSIbl1￿eS for the audrt of the finantial slatements is located on the F￿ancIal Reporting Councifs %%*bsrte at". w¥ww.frc.or .uklaudTiors￿s nsibilibes. This descriptK)n forms part of our 8uditor5' repcwt. Pagè 12 RED BALLOON LEARNER CENTRE CAMBRIDGE IA company limited by guarantee) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF RED BALLOON LEARNER CENTRE CAMBRIDGE ICONnNUEDI Use of our report This reFX)rt is rnade 501ely to the eharivs members. as 8 trrtmjy. in accordance wth Chapter 3 of Part 16 ol the Companies Act 2(￿. Our audtt work has beerb undertaken so that we rn￿ht state to the chartys mernbers Ihose matters we are required to state to them in an audilors. report and for no other purpose. To the fullest extent permitted by law, we ok) not accepl or assume res￿nsibil￿ to anyone other than the charity and rts members. as a body, for our audil work, for this report. ￿ for the opin￿$ we have forn￿d. Christopher Dougherty Isenlor statutory audltorl fof and on behalf ol Lakin Rose Llmlted Chartered Accountants Statutory Auditors Cambridge House Camboro Busines5 Pawk Girton Cambridge CB3 oaH Date.. 26 May 2026 Page 13 RED BALLOON LEARNER CENTRE CAMBRIDGE IA company limited by guarantèe) STATEMENT OF FINANCIAL ACTNITIES IINCORPORATING INCOME ANO EXPENDITURE ACCOUNTI FOR THE YEAR ENDED 31 AUGUST 2025 Unrestricied fvnds 2025 R•strictod fvnds 2025 Total funds 2025 Total funds 2024 Income from: Donakn"ons and I￿a￿eS Charitable activiti'es Investments other incc*ne 17,963 61,962 1.137.752 7.079 10.438 . 80,4T9 935,266 6.T67 9.100 1.137,752 7.079 10A38 Total income 1,199,268 17,963 1.217,231 1,031,612 Expgnditure on: Chariiatle actmties 1.055.307 10275 1,065,582 1.054,206 Total expen(liture 1.05S.307 10,275 1.065.582 1,054,206 Net movement in funds 143.961 151.649 (22,594) Reconciliation of funds- Total funds brtyjght foA¥ard Net movernent in funds 511.134 143.961 7,681 S18.815 151.649 541,409 (22,594) Total funds ¢arried forward 655.095 . 15.369 670.464 518.815 The Stslement of Financsal ActNrtLe5 indudes all gains and h)sses recogni5ed in the year. The notes on pages 17 to 34 f(xm pwt of IIw8 finan(ial ststèments. Page 14 RED BALLOON LEARNER CENTRE CAA18RIDGE (A company limited by guarantee) REGISTERED NUMBER: 10978174 BALANCE SHE AS AT 31 AUGUST 2025 2025 2024 Fixed a5set$ Tangible assets 12 78,162 59, T65 78.162 59.765 Current assets Detjtors 13 55282 665.057 30.877 497.363 Cash at bank and in hand 720,339 528,240 Current liabilities Creditors.. amounts falling due ¥bithin one 14 1128.037) (69. 190) Nèt ewrrènt assets $92.302 459,050 Total net assets 670.464 518,815 Charity funds Restricted funds Unrestricted fund5 15 15,369 7,681 Oesignated fund5 General lunds 15 15 78.162 576,933 59.765 451.369 Total unrestricted funds 15 655.095 511.134 Total funds 670.464 578.815 The Trustees ackrvthedge Iheir resr•x6its"hlies for cOmpl￿n9 V￿th the requirements of Ihe Acl with respgd to accounting records and prepardb.on of financial st*ements. The hnancial statements havè bèen prepared in a¢¢(￿dance Ihè provisiorts applicab￿ to entitES subiert to the small compan*s regime. The fInar￿la1 statements We￿ approved a￿1 auth0ri5ed for issue by the Trustees on 22 May 2026 and sKJned on Iheir behalf by. n INtsy rd, 2026. 'Alatterson Chair ol Trustees The notes on pages 17 to 34 fum part of these ft￿r￿la1 stalements. Page 15 RED BALLOON LEARNER CENTRE CAMBRIDGE {A company limited by guarantee) STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST 2025 2025 2024 Cash flows from 0￿ratIng ¥tivitiES Nèl cash genèraied in operating knrties 187.730 44.641 Cash flow5 from investing activities Interest receNa￿e Pr(￿ed$ from thè sak of tangible fixed assets PLJr(*as& of taNJitAè fixed assels 7,079 52 6.767 127,1671 {59,397J Net cash used in investing adivitits 120.0361 152.630) Cash flows from financing activitiBS Nèi cash provided by finaneing actiV7tle$ Change In cash and cash equivalents in the year Cash and cash equNalents at the beginnry of the year 167,694 (7.9891 505,352 497.363 ash and cash equivalents at th• end of the )Yar 665.057 497.363 The rK)tes C￿ pages 17 to 34 fcrn part of these finarKaal slatements Page 16 RED BALLOON LEARNER CENTRE CAMBRIDGE IA company limited by guarat)teel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Gen¢ral Infonnation The chanty is a prhvate chaiitable company limited by guardnlee and is incorporated in England and Wales. The address of the registered office is 4244 HNJh Street. Mimon. Cambr¥Jgeshire. C824 6DF. Accounting policies 2.1 8asi5 of preparation of finaneial statements The f￿ancIal statements have been prepared in aco)rdance with the Charibes SORP {FRS 1021- AccouTrtrng and Reporbng by Charities." Slatement of Recommended Pracl¢e applicable to charities preparing their accounts in acry)rdanGe with the Fir￿n0a1 ReFthing Stsndard applicable in the UK and Republ￿ of Ireland IFRS 102} (Èffecttve 1 January 20191. the Finanaal Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Companbes Act 2(K6. Red Balloon Le#mer Centre CamWJ¢ meets definition of a publ￿ benefit enbty under FRS 102. A55els and liabilities are initkally recognised al hi5t(KKal