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Heartwood House

Registered charity 1109947 · accounts filings on the Charity Commission register · also known as RED BALLOON LEARNER CENTRE NW LONDON, RED BALLOON NW LONDON

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Latest income
£3.4m
Latest spending
£3.1m
Registered
2005
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that the charity ended the year with a surplus of £351,843, increasing its total reserves to £1,455,129. The trustees report a reserves policy of six months' operating costs, noting that the actual reserve level reached 7.8 months at year-end. The auditors confirmed that the use of the going concern basis of accounting was appropriate with no material uncertainties identified.

What the accounts disclose

Highest-paid employee band: £60,001 - £70,000 — below the median for charities its size (£70k)
“In the band £60,001 - £70,000” — page 29
Per its FY2025 accounts as filed with the Charity Commission.
Reserves policy: six months operating costs (held: £116k)
“The policy of Heartwood House is to maintain reserves of six months operating costs.” — page 9
Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by MWS Accountants Limited. Discloses 5 of 6 completeness components.

Structured financials (annual return, FY ending 31/08/2025)

Total income
£3.4m
Total spending
£3.1m
Reserves (reported)
£116k
Employees
40

Reported reserves equal ~0.5 months of spending — in the bottom quarter for charities its size (median 4.8 months; benchmarks).

Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: Brent · Buckinghamshire · Camden · Ealing · Harrow · Hertfordshire · Hillingdon · Islington

Income and spending

Financial year endIncomeSpending
31/08/2025£3.4m£3.1m
31/08/2024£2.5m£2.6m
31/08/2023£2.2m£1.9m
31/08/2022£1.6m£1.4m
31/08/2021£988k£895k

Common questions

Is Heartwood House financially healthy?

The accounts state that the charity ended the year with a surplus of £351,843, increasing its total reserves to £1,455,129. The trustees report a reserves policy of six months' operating costs, noting that the actual reserve level reached 7.8 months at year-end. The auditors confirmed that the use of the going concern basis of accounting was appropriate with no material uncertainties identified. Its FY2025 accounts were audited by MWS Accountants Limited.

What does the highest-paid employee of Heartwood House earn?

Per its FY2025 accounts, the highest-paid employee was in the £60,001 - £70,000 band.