Charity Accounts Intelreading the accounts so you don’t have to

BALLOON VENTURES FOUNDATION LTD

Registered charity 1141552 · accounts filings on the Charity Commission register · also known as KENYA WORKS

Latest income
£2.3m
Latest spending
£1.0m
Registered
2011
Accounts read
FY2023

Financial health, per its FY2023 accounts

The accounts state that total funds increased to £2,037,037, comprising £1,611,965 in restricted funds and £425,072 in unrestricted funds. The charity reports a net movement in funds of £738,315 for the year, driven by significant growth in its loan portfolio and related revenue. The trustees confirm the charity has adequate resources to continue in operational existence for the foreseeable future.

What the accounts disclose

Reserves policy: such reserves as the trustees consider necessary in order to sustain its ongoing charitable activities, having regard to the level of donations and grants received (held: £425k)
“The charity retains such reserves as the trustees consider necessary in order to sustain its ongoing charitable activities, having regard to the level of donations and grants received.” — page 5
Per its FY2023 accounts as filed with the Charity Commission.

Accounts audited by Kreston Reeves LLP.

Public fundraising profile: JustGiving — BALLOON VENTURES FOUNDATION LTD (matched by registered charity number).

Structured financials (annual return, FY ending 31/03/2025)

Total income
£2.3m
Total spending
£1.0m
Reserves (reported)
£4.1m
Employees
39

Reported reserves equal ~47.5 months of spending — in the top quarter for charities its size (median 4.8 months; benchmarks).

Trustees

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

Operates in: Chile · Kenya · Scotland · Uganda

Income and spending

Financial year endIncomeSpending
31/03/2025£2.3m£1.0m
31/03/2024£2.1m£1.1m
31/03/2023£1.4m£707k
31/03/2022£641k£527k
31/03/2021£686k£542k

Common questions

Is BALLOON VENTURES FOUNDATION LTD financially healthy?

The accounts state that total funds increased to £2,037,037, comprising £1,611,965 in restricted funds and £425,072 in unrestricted funds. The charity reports a net movement in funds of £738,315 for the year, driven by significant growth in its loan portfolio and related revenue. The trustees confirm the charity has adequate resources to continue in operational existence for the foreseeable future. Its FY2023 accounts were audited by Kreston Reeves LLP.

Funders of similar charities

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

FunderSimilar charities fundedAmount to them
ALLAN AND NESTA FERGUSON CHARITABLE SETTLEMENT2£30k
BLISS FAMILY CHARITY1£82k
THE HEADLEY TRUST1£57k
HALCROW FOUNDATION1£57k
THE COLES-MEDLOCK FOUNDATION1£21k
THE SIMMONS AND SIMMONS CHARITABLE FOUNDATION1£18k
EDUCATIONAL OPPORTUNITY FOUNDATION1£15k
THE BARBARA WARD CHILDREN'S FOUNDATION1£14k

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with AFRICAN ADVENTURES FOUNDATION.