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Nurture Education Trust Ltd

Registered charity 1117092 · accounts filings on the Charity Commission register · also known as RED BALLOON - NORWICH, RED BALLOON/BARNARDO'S NORWICH

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Latest income
£1.4m
Latest spending
£1.4m
Registered
2006
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that total incoming resources increased to £966,201 from £539,291 in the prior year, resulting in a net surplus of £93,284. The charity holds total funds of £574,273, comprising £544,273 in unrestricted funds and £30,000 in restricted funds. The trustees report that income and expenses were broadly in line with expectations and that the charity has adequate resources to continue in operational existence.

What the accounts disclose

Reserves policy: three and a half months free reserves or £150,000 whichever is the greater (held: £544k)
“It is the policy of Red Balloon Norwich to maintain at least three and a half months free reserves or £150,000 whichever is the greater.” — page 7
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Bookkeeping services
“Morphry Thyme Ltd a company in which Ben Aldridge (trustee) is a director of, amounting to £1,282 for bookkeeping services of which £118 was outstanding at the year end and Limelight Theatre Company and Studios, businesses of Zelda Rolfe (trustee), amounting to £1,490 for studio rent and classes.” — page 20
“Morphry Thyme Ltd a company in which Ben Aldridge (trustee) is a director of, amounting to £1,282 for bookkeeping services of which £118 was outstanding at the year end and Limelight Theatre Company and Studios, businesses of Zelda Rolfe (trustee), amounting to £1,490 for studio rent and classes.” — page 20
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Studio rent and classes
“Morphry Thyme Ltd a company in which Ben Aldridge (trustee) is a director of, amounting to £1,282 for bookkeeping services of which £118 was outstanding at the year end and Limelight Theatre Company and Studios, businesses of Zelda Rolfe (trustee), amounting to £1,490 for studio rent and classes.” — page 20
“Morphry Thyme Ltd a company in which Ben Aldridge (trustee) is a director of, amounting to £1,282 for bookkeeping services of which £118 was outstanding at the year end and Limelight Theatre Company and Studios, businesses of Zelda Rolfe (trustee), amounting to £1,490 for studio rent and classes.” — page 20
Per its FY2024 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 5 of 6 completeness components.

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

Total income
£1.4m
Total spending
£1.4m
Reserves (reported)
£503k
Employees
32

Reported reserves equal ~4.3 months of spending — below the median for charities its size (median 4.8 months; benchmarks).

Trustees

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

Operates in: Cambridgeshire · Norfolk · Suffolk

Income and spending

Financial year endIncomeSpending
31/08/2025£1.4m£1.4m
31/08/2024£966k£873k
31/08/2023£539k£564k
31/08/2022£590k£546k
31/08/2021£652k£609k

Common questions

Is Nurture Education Trust Ltd financially healthy?

The accounts state that total incoming resources increased to £966,201 from £539,291 in the prior year, resulting in a net surplus of £93,284. The charity holds total funds of £574,273, comprising £544,273 in unrestricted funds and £30,000 in restricted funds. The trustees report that income and expenses were broadly in line with expectations and that the charity has adequate resources to continue in operational existence. Its FY2024 accounts were independently examined.