REGISTERED COMPANY NUMBEIL. 1019154S (Tknt1d WAles) REGISTERED CHARITY NUMBER: 1167382 REPORT OF THE TRUSTEES AI FINANCIAL STATEMENTS FOR ThE PERIOD ENDED 31 MAY 2D22 FOR BlODHoUND EDUCATION LTD 4ABIfyiNRFE• 24101r2023 COMPANIES HOUSE A10
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BLOODHOUND EDUCATION LTD coNrEiYfs OF THE FINANCIAL STATEMgNT5 FOR THE PERIOD ENDED 31 MAY 2022 Rewrt of thc Trustces Ito4 Sthtrmelli of Fillanr1 Adivities Balznce Shc Not¢s w th¢ FinaDcial Stattm¢Dts 9t013 Detsiled Ststemellt of Financ1 Activits¢s 14
BLOODHOUND EDUCAIION LTD REPORT OF THE TRUSTELS FOR THE PERIOD ENDED 31 IKAY 2022 The tnJ$tr¢$ WIK) ar¢ also dIrerf of th¢ clty for the puryw5 of the Ci)tnpaDies Au 2006. pr¢s¢nttheir report with tbe rwnci statemeDts of the cbarity forth¢ period eoded 31 May 2022. Objetts of tb¢ ¢harity The aim of the charity is thatTr¢¢ ethvtirn foT th¢ twbli¢ beD¢fft in 1¢¢¢. t¢¢bnology, ¢ngiD¢eTing and matbematics {STEM). It delivcrs this through PTomotitig itttercst in STEM at au levels from pnjnary sch1 to higber educatioD and apprenticcsbips. providing a programme of ethational adivities that S¢imulaie an inwest itt those subjects by virtue of links w real CD8ineeriD8 projccts includin8 Bl(MMUJouDd LSiL Thcsc oTh-linc projccts. workshop& after school clubs, family ¢xp¢ri¢nces and STEM catnps give youn8 people from all backwd5 the opporfunity to learn from ellgmeers attd te¢bw"ul specialjsts from indiisty. puttiti8 their l¢arning illto pra¢tic¢ and makmg the link betweell the cl&8sroom and poletttial STEM cateers. They also ellc(Mllage the developme¢ of lrfe skn"Us requsr¢d for th¢ world of work. The charity increases the reach and impact of its aetivities throu8b collaborating w&tb like-minded organisations drawn from the priva, public and SiDJilarly motivattsq organisatioDs. Pubue btthetit The Truste¢s are confident that the activities of the charity fuuy meet the requiTemeDts of the Charity Commission on delivery of public bcncfit. The ISt¢eS have Teceivcd feedback from sthdeDts. teacbers. Parents. lo¢al authorities a)]d our educauon parthers which show that theproiectand itsworkshcqjs ba5 crcatcd a sustained Éntcrcst LD STEM subjects. Ulliversities such &$ Swansea continut to rtcord the inllucncc thatTeal PTojects like BloodhLwrAI provid&8. STRUCTU GOVER14AI¥CE AI¥D MANAGEMENT ConstitstioD Bloodhound Education Ltd is a company lirnited by 8uaranttt. numbEr 10191545 and a rrgi5tered Gharity. nwnber 1167382, govcrned by its Mcmoranduttl and Articles of A&4ociation. The chuity was iDCOTporated in May 2016 30d rnfylified its name w Blo(xthound Education Lul in 2019. Orgntsatlollal strntture The affair8 of Lhe chty are supervised by a board of Tn1. The MemoTanthim and Articles of A5so¢ia¢ion provid¢ for a minimum of four and a maximum of tightetn Trsites. The membu5 have each 8uaTanteed Éo Contribu UP £IO to the asscts of the Trust in the eveDI of its liquidation whilst they are a Tnember And for oue year afttt ce&siJ)g to be a membcr. Remiitm¢nt aud appoinDn¢Trt of New Trv$ttts Tb¢ Board may appoin¢ new DirecEors a5 it so wisbe& POtill oew Dirxtors illitially Ite1¢Wed by the alair and a s¢nall delegaiiots of existitsg Dtyethrs. ChDges to Trn5fees Mr M Robinson h&s Joined the Board ofTrusltts &s financial director. Mr Robin50n 15 a qualifjed acGouniant who has b¢¢tt specia]isitt8 in the managemeDt of cbarity accounts Since bis retiremcDL Inthi¢tlon and tr8lnlng of n¢w Tru$t¢t New rnjsrees e]ve a ¢opy of th¢ ¢ompanYs Memoran(Eum and Articles. oppropria Charity Comrnission bookle the latest set of TTUSttes' rninU and the la 5e£ of financial They art introduced w k¢y sr&ff and th¢ organisauon. S¢ruGture and progrdrnmiD? of 4rtiviti¢s are explained to them. aDd they are invited to visii the team &t eventsboth O01S tod at the Educatiott ¢eotre to experieD¢e the 8Ctivili¢S in person. MathagtmeNt As a result of thc Covid palldemic it h&$ been necessary to continue to operatr with the reduction in the corc team as the a¢tivity has nor yet fully r¢¢oveYed. The CEO AS ttoi 00]y wtssible foi stratr8y, opttauotjs and fikDd raising but is also acuvcly VOlved in tbe delivery of projects and repDrtinB bath to thc grant fvDdus. Thtss is ¢attied out wtthin the plans aDd fmancial d8ets agrted with thc Trustee& The Chi¢f Exxutive regularly ¢oDsuits and takis advirx frotn the Clair of th¢ T[tee5 and other TrusteES wbere necessary. Page I
BLOODHOUND EDUCATION LTD REPORT OF THE TRUSTEES FOR THE PERIOD ENDED 31 MAY 2022 Management conlijmed Tb¢ Chi¢f Exewtiv¢ atso consults with 4yccia]i5ts ZDd of th¢ team devdiying aod dclivering th¢ STEM educatiooal tiVitieS aDd prowllnes. Oper&tfiDn As part ofth¢ ongoing Covid recovery plan we bave developcd ddivered uew wothops aDd aciivAtiu to matth the requirements of lotal authorities SUrting the local comrnuDity Tncludhtlg famili¢s. bome ¢du¢otors, spe¢iat educational needs 8nd other disadvanfaged gTWPS. These have bcen provided from our ethItiOn basc. Alottgside this the cbarity continued to develop virDJal and rethoTe •¢tiviti¢S ifjitiated during the pr¢v10 ye4r which an used iti scbool and athomt th troTride support for both teachets aDd pr The charity COntlle5 to rcvicw and update policics and procedures itichthg schtrDe of dtltgation, risk mallagemen safe-gwth"ng. equality and th"versity, htaith and safcty. Covid compliaD¢C and wanagem¢ttt of voluntters. The risk assessments have all b¢u updai¢d Is part of our atllwal rcvicw proces Risk and ncertaInli¢S The Board of tntte& have revÉewed the sttaregy risk atjalysis and th¢ systerns in place. Wt have prcpucd a plaD defming the closure requiren]enLS should it be necessary aDd ring-fen¢ed fiu)ds to supp)rt IL (>Jr Contact with sthoois CODfiTros th¢r¢ is a c4)ntithu¢d intere51 in the Ktivities provided by the Charity. How¢v¢r. schools arc fitsditig it extremely diffic1 allocatr the Decessary fimds for workshop> We continue io focus oll raising funds from alternative sources whicb can subsidise the school auivities. We havE also been COUraThg our aMbador3 to support the team in the delivery and so eDabl¢ vs to nm workshops without increasing costs. Fund rai8lDg DhJritt8 the period. we bave 5e£urcd grants from a variety of new sourtts itt¢ludL"llg local governmenL Thc Millennium Point TnJs¢ IEf. Royal Academy of Engineering, National IA)ttcry Communiry Fund and Active Building Centre Ltd. We contillue to be supported by The Aluminium Federation and Arthur Spriggs & SoT]s. We maintsin our con(aci with Pfevtou$ sponsors discus5in8 oNJwkniniiic5 to partncr fvbJre projects. ACHtEVEMENTS AND PERFORMANCE Eductlon A¢rfvltle$ Whilst much of the year r¢quiffd ¢ngag¢m¢nt through ust of our frec e-Tesourccs. prE5cntation$ ar social media chatmels. the charity was able build f¢ to fa¢e ettgag¢menl a8ain. SOME of the group Dumbcrs had 10 be small to cnsutt the srudents were fijlly sUprted aDd enable to build their eonfiderKe during thes¢ s¢ss>ons. The cbariry measured the succe&% of its stragies by mooitoring th¢ rJumb¢r of Sellts panicipating. the Dumber from special educational needs and widerrrcSt0ttd grp$ and analysis of Snldeni trother and parent feedback. The fjrsi quarter w&s busy with revi11$¢4 interc5t from schools as rnany were able (o illvi ¢xlenl provAdus in to rwl face io face activjtses agaitt. Aithougb inter¢M continut<L the Dumber of scbool boOkg5 reduced from Ih¢ autWDn 0war¢I$ as schools faced a growing problem of rethed budgets and staff shortagcs. SCbl visits increased w the centre from local schools who utilised pan¢ gJppor¢ io awsi with transport costs where IXLSCS were too expensive. The education centr¢ has eDabled the ¢barity to ¢xt¢nd its ¥tiviti¢s with D¢W programme& ho]iday atjd aftu schcol workthops part of its collabordtson with lo¢al author]ties attd th8th to the cootinued support from South Glou¢est¢rsbire and Stroud AcadtfDy TrusL Ncw workshops hav¢ beett d¢v0p¢dI0ralSt awareJe5s aDd sbowc&sc rcncwablc eDcr8y technologi¢s. They et)cour&ge sdea¢S to devclop their own idcas to redltig their ¢athon footprtot and devisc techDolo8kC5 as altrrnatJve5 to fossil fu¢l5. Pagc 2
BLOODHOUND EDUCATION LTD REPORT OF THE TRUSTEES FOR THE PERIOD ENDED 31 MAY 2022 Edu¢•tion Activltiu ¢OD¢iDu¢d The charity has directacce&8 to these alrti&ive tedmologies. The bwiDg syllems ID tbei¥Jildings bave been upgraded to renewabletechnolo8ie5 and through out partDusbipwith ABCw¢ are able to pmvide sdellts with dire£l exp¢ri¢Dce of thes¢ t¢chnolOgi in op¢ration. Having the ccntre has cnablcd us ty opmie worksbq)s out of sclKKtrI bours iti th¢ ¢v¢ning, wttk¢Dds and durin8 tbe holiday5. There i5 8 rc8ular after scbool and Satsjrday cDgitieeritig cllth alottgdt family workthi)p5 during the holiday& We atteudrd 4 large edu¢a¢ion ev¢oLS wbi¢b saw th¢ Show Carb¢ing thted off after nearly 2 yeaTS in Stord8e. Artbllr Spriggs & SOL8 provided invaluablr SUPPDTt Ambassador engagerneot has growD over the year to 43, who were iDTnluable in suNM)rtin8 educatioD activitie& ad PToviding OPPtsTWnities for stsJ¢nts io meet real engLlltt. "Being a Blrrfjdhouttd STEM AMba&dOr8IvCS D)c the QFVDrwttity to shaye with ouryoung stud¢Dty my d¢¢p p&55ion for sclence and excimell( that comcs from a cueer ID EllgiDeering." Ovrrdll cngagemetst forthis year was 56.LKKI of whictrk:. l. On-line- approximatrly 50.IXKI 10 virlual events 3,500 accessed frtt on-JRttc r&sowets 600 BlooUnd ideo views 3500 through facebook and Instagram 13,000 througb twittu 2. Face to Fac¢- 6.000 55 days of school visits 70 tvents at iht educaknon centre Attendees were rtqucsted to cotDplde a fccdback form- Of thosc atteThliDB: . 40% were female 71YA more likdy to consider ¢t)gtrJ 9 would lik¢ io atteftd another Bloodhound ev¢nt 8/0 of pamjts aJLd tea¢bers agreed the ¢ottt¢ttt of the a¢tsvi¢i¢s ws ¢xc¢lleni Fredback..- Parent quot&4.' -1 really cnjoytd spending time with the family wway from compvters." Tr pac¢ and mix of aciiTrritit5 were extrernely good. I would cernainly rOrnMend to frierJd&- ild quows:"I loved building the space rotht and ra¢ing the w."-I want to ¢4MDe baek agaiti" Tca¢hrr-'ITnking the activities toreal proje¢tsmad¢ li much more forthe children and they really enjoyed constructing and tC5tin8 thur own rntypc lo. We collunuoica¢c rrgularly with our education rou¢a¢ts •Jd patthers. Newslettus promo(iDg our WO$hOp4 birc of the Sbow Car& rn(xlular car forevents. teacber training. and on-litie Tesour¢¢saod toolkn.ts go out to ourdatablse of 25,000 and shared with our 13.3(Kl twitter followers and facebook members. Targed mailings attd flyers go io the local 5choDls c•mmuDity and eth10 partDU5 dalabase. pr0EIng afr school, S&tyJrd8y ellgjtteeriog clubs fjtyj hol]"day 8ctsvities 81 our¢¢tttr¢. Oundle School h&s become all educ10 partner and 10 of their #aff have becn trdined io deliver rwket car workshops from July 2022 Is part of their OWD outreach pro8ramme. This will cxtcnd thc re4cb ofthe cbarity attd ¢cd provide fiwthcr collaboration opp)ttutiiiies. Page 3
BLOODHOiIND EDUCATtON LTD BIPORT OF THE TRUSTEES FOR THE PERIOD ENDED 31 MAY 2022 Flnan¢knl ReviEW and Reserves Ihuiog the puiod ellded 31 May 2022 illCQDJ¢ was £ 121,944 and ¢XpIlure was £134.433. As al 31 May 2022 totsl free r¢sep4es of the ¢Fwity were £48.669. We expect recovery to be grdthial with ongoing Covid disrnption ID 5cboob and limited opwtimities for fund raising ¢v¢ats. W¢ will ¢tiut io stek grants to fund teacher CPD. ots-liti¢ resou and projccts aDd activities for disadvantsged groups wbich we tan bost our ctntre of s1 hours attd in the holidays. ID thc CVeDi that Covid rccow is ttjo slow TO rnainlaiD a viable Icvcl of opvation. thc cbarity bas contirnird to nng fence funds to eDsure all booked activities where a cornmitDnt bas beeD made and a deposlt paid, caD be delivcred. IrL addition, £16.(M)O.00 has k¢n s¢t asid¢ tocover ally additiord ¢osts that Could b¢ incued wtre itnece5sary ro wepare the orgallisation for a closure. CURRENT SITUATION & FtrnJRE PLANS The Board of trustees are a¢rively involvediti monit(mg the spettding in the cbarity and r¢cogDising thai oura¢tivitie5 have not recovered from the itifiuence of Covi The cbaDge5 we have madc to our fundin8 and the 5crviccs we provide hds enabled us to conlinue ty opernt¢ iwt with much rcduced staffing leve15. Local authorities conianuc to SILOW iDlcrc5t in fimding our artivitits. but Jt rquir¢s a r¢ncwcd intcrcst fzom schools. cvcnr or8aDizcrs and sornc of our tr3dilionai fwJdcr5 for us to fecl confidcDi about the The CEO is iti regular eonract with all the Tntstees keep them itifornied of th¢ fwallcial sitsutt.on and take advice The ttew WoOpS and rKojects developed thi5 yw give the charity exciling oppornmities to grow its fea¢b and so increase the long-tenn impact of its ¢dCation work. It inteD(ts to contiDue thi5 development of its programmes. for cbildr¢n and young pcople ag¢d 7 upwards. Itwill continu¢ to focw on providing han(ts-on experience which develops (heir knowledge and skills and puts le8rnirtg snto rrxti¢e Avhile tnainrainimg the link between th¢ classfoorn and potential career paths. It will continue to Bathw fetyJba¢L will be motiitored attd evaluattd it to Jjrforni 00 deve14ynent and improvcmcnt. This repwt has beea prepared in accordancewith the sptciaj provLSLODS of Part 15 of the CompaDiCS Act 2006 rdatiDS to small COrnP3DiCS. Approved by ordv of th¢ iKJard of ¢ryste¢s on tr. January 2023 and 6i8ned on its Walf by: C B FaiThead_ ChaiT of the tnjslees Page 4
BLOODHOUND EDUCATION LTD FOR THE PERJOD ENDED 3J MAY 2022 Registered CompaThy nllmber 10191545 (Englattd and Wales) Rtgi5tered Cb*Tity th7ber A167382 Reglstered offlee GTound Floor Building Cl I GloucestersbiTe Science and Tecblloiogy PaTk Bttkcley Green Glouc¢s¢¢rshir¢ GL13 9FB Tr•ste¢5 Mr. C. B. Fairhead Mr M. Robimson- appointed l Awil 2022 Mr. B. J. Evans Mrs. D. R. Fitt Compgny Secretary Mrs N Nanayakkzra Independeh¢ Examlner Subhath Gaoatra FCCA Marble Hill Lbartered Certified ACCOUDtis 193 Richmond Ro St Margaret'5 T.wick¢nh¥m TWI 2NJ Page 5
INDEPEI¥DENf EK4MINER'S REPORT TO TItE TRUSTEFS OF BLOODHOUND EDUCATION LTD- DRA ludepewdellt VAamiDer's report to ¢he trnstees of Bloodbound FA1ucAtion Ltd ('th¢ Company I report to the charity tsustees ott my cxamitstioD of the of the Company fcK theyw ended 31 May 2022. ReSPDnsibillties and ba515 of report As tbe thtity's ttust¢¢s of the Company (and also its direCr$ for th¢ pwp)ses of company law) you are responbIe for thc prcpaTation of rbe a¢couDts iti a¢cordan¢e with the requir¢m¢nts of th¢ Compaw¢5 Act 2006 (%b¢ 2006 Acfj. Having satisfied rnyself thai the accollDts of the Cornpally are not rcquired to be auth.ted under Pan 16 of the 2006 Act and are eligible forindepeDdent examinatio I rqKTrn ID tespect of my examiDatiOD of your charitys accouT)ts as caled outwider the Charities Act 2011, s¢¢tion 145 (Ib¢ 2011 Acr). In Canying outrny exatDill8tioD Ihave followed tbe Directions Ven by the Charity Commissiots wyder section 14515) (b) of the 2011 A¢1. IndependeDt tJaminer'5 statement I l¥ave compled my ¢xami1(lorn l that no matters bave cotnt to w attention in coDnec4ion v4ith thE examiaatioD givillg m¢ (o Ixli¢v¢: accouDting records wete ttot kept in Tespecl of the Collwy as requiredby s¢¢tion 386 of th¢ 2(K16 Act. or the accounts do not accord with those record&" OT the accounts do Dot complywith the accounting rrquirtmts of sedion 396 of the 2(rt)6 Act othertban rcquireD)ent that the accouDts give a irnc and fair vicw wbicb is not a matter ¢onsideted a5 part of at) indtpendtllt examin10. or tbt accounts have Dot bceD PTepared in accordancewith the method5 and princwles of the &atement of Recommeoded Practice for accouttting and reporti8 by etn"tieS applicable to clwitic5 prtpariDg their accoun¢S in a¢¢ordan¢e WAth tht FiDanCl Reportitt8 Staodard applicable in thc UK and RqblIC of Ireland (FRS 102). I have no concerns and have come across no other rnat in conne¢tiot) with the ¢xarniDation to wbich altentio should be drawn ID thi5 rep(Kt in OTder to rnable a PToper understaudiDg of the accounts to be reach¢d Subhash Ganatra FCCA Marble Hill ajartered Certified Accowitsnts 193 Ricl)nnd lioad St MargaTe Twitkenha TWI 2NJ D: 13 January 202] Page 6
BLOODHOiIND EDUCATION LTD STATEMENf OF FINANCIAL AcfivmLS (INCOJiPORATtNG AN INCOME Af4D EXPEIYDMJRE Accou FOR THE YEAR ENDED 31 MAY 2(122 2022 Totsl fuDd$ 2021 Total ds UDffstri¢led Resttictrd fijnds fiJDd INCOME AND ENDowME[S FROM Donations and Icgaci&% Charitsble activitits Educatiots events Othcr iDcomc 29.857 29,857 38,YO 67.494 67.494 15.842 Oth¢r in¢oEn¢-GoveTDm¢nt grants 24 Tot 121.944 121,944 106,743 EXPENDITURE ON Chxritsble xttlvlde$ Events, Exhibits'on Costs & matcrial$ 134433 102495 TDtsI 134.433 134.433 102,495 NET INCOMEI(EXPENDITURE) (12.489) (12,489) (4248) Transfers betwttn fundi movemfnt ID (12.489) (12.489) 4248 RECONCILIATION OF FUNDS Tot•1 f¥Dd5 broveht forward 61.158 61.158 56,910 TOTAL FUNDS CARRIED FORWARD CONTINUING OPERATIONS All incornc and expcndilure has ari5cn frtKD clill1Dg ddivities. Page 7
BLOODHOUND EDUCATION LTD BALANCE SHEET AT 31 MAY 2022 2022 2021 FIXED ASSETS Tangible ass¢¢s 14J71 14.572 CURRENT ASSETS Stock Debtors Cash atbaDk and in baDd 1.793 8.998 74.577 709 6.592 90.424 10 Tot81 Cvrrent Asgets 85.368 97,725 LIABIIJTIES Creditors.. amounts f1]8 due within One year {51.070) (36,139) NET CURRENT ASSETS 34398 61,586 To¢al assets1¢5s ¢Mrr¢llt IlabilitleB £48,669 £76.158 Crethtors: aJDoullts fallmg due after more than one yea 12 (1S.O¢Y)) 11S,0(Kl) NET A&SETS £48,669 £61.158 UtsrtstrAtted (uthds 13 48,669 61,158 Restrltted funds TOTAL CHARITY FUNDS £48,fA9 £61.158 The chaTitsblt company is eTht7tled ¢0 exemption frorn auditunder SeGb"on 477 of the Companies Act 2W6 for the period ¢nded 31 May 2022. Th¢ members have not requirtil the cbaritablt company to obtain atk audit of its fmancial 5tatemcnts for thc rIOd end¢d 31 May 2022 in a¢¢ordan¢e Se¢tson 476 of the Companies Aet 2006. The tru5tecs athiowledge their t¢SpOn1111l}¢s for (a) eDsuritJg thai the cbaritable rompaDy kecps arL4Xullg reCrdS that Compty with Sections 380 atsd 387 of th¢ Companies Act 2006 and preparing flnanctal staternents which give a true and fair view of the state of affai of the charitsble company as ai ¢h¢ end of eath financial year and of its 5UTpIus OT deficit for each financial year in &ccordance with the requirements of SectioTE5 394 and 395 aDd which otherwis¢ comply with the requiremenr5 of th¢ Compani¢s Act 2006 relaling to fman¢ial stat¢oi¢nty 50 fat as awlicable to the cbaritable compally. (b) These financial stsiements have be wared in a¢rdanceIth the special provisions of Part 15 of the Companics Act 2(K16 relating to sma]1 ch8ritablc companic& Tb¢ finall¢ial Ststeftnts were approved by th¢ Board of Trustees on... . aouary 2023 and wtre sigtted on its bcbalf by.. C B F¥irb¢ad-Ttwie¢ Pagt 8
BLOODHOIJND EDUCATION LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE PER]OD ENDED 31 MAY 21122 ACCOUNrtNG POLICILS Basis of prepgriDg tbe finaDe1 stiements The fAnaneial 5tatetnents of the charitsble Comwdlly. whi¢b is & publjc benefjt etttity under FRS 102. bave been prepared in accord8orx with the Cbariiies SORP {FRS 102)'AccounliDg aDd Reporting by Cbarities.. Siaternent of Re¢oouThended Pradice appli¢able to chltieS&epa1rttg thelr a(1(% in a¢wdallc¢with th¢ Financial Reporting Standard applicable in the UK and Republir of Ir¢]and (FRS 102) (issued in October 2019) and the Compatii¢s Act 2(K)6. The financial slarcrncDts have bec prwed uDdcr thc histwiral cost t4)nvttttion. Gt)l•g concern The TTUSites Ilave ¢onsider¢dthe LuJpa¢t of the global Covi&19 pattd¢mi¢ 00 th¢ ability of th¢ ¢haritable company continue opcialing for the foftsecable fithtre. Thi"s ieview has iti¢luded ¢oosidering the imp&¢t of th¢ pand¢mic to the date of sigDing the fmanciaj ststctDents and baged on this review thc trwtr£s believe that the fmancial statrnjents bave beets prepar&J8ppropnatrly on tb¢ going concern basis. Intomt All income is reCOlS¢d in the Statement of Financial Activitics once the Chty bas entitlement to the il is probable that thc income will be received, and the atnouni can bc TDCa5ured Teliabty. No amounts are included in the finan¢iai statemtttts for setvices donated by voluntee. tncomc from govcmmeDt and other grauts, wh¢th¢r '¢apitsl' grants or 'reveDue' grants, is reco8niscd wbcD the cbatity has enuticmentty thc fijnds. any 0FManCe conth"tiotts atta¢h¢d to th¢ gratttsbav¢ b¢¢n mct. it 15 wobablc that the income will be received and the anjouni can be measuted reliably and is not def¢rred. In respect of the furlough grdni. all Conditio with to the eliBibl¢ costs lDE claimed. have bee& meL DonatlDIIS Dottations are &wllned to be unrestricted in their application unk otherwise PTescribe L)n reIP¢ donated assets are recognistd on the basis of tht V2h of thc to the chan.ty wlll.ch is the amount the cbaTity would have been willing paY toobrain on the opeomarktL ac0rr¢5pd1llg amounti$then reco8lli5ed as fixed et in the period of receKpL EzpETrditure Liabilitits are reco8Discd as txpenth.tutt as %JOD a5 there is a legal o[c4StruCtive oblL8ationGtsmmittingthe chtry to that expetiditure, it is probablethat a traDsfer of tconomie benefits will bc requircd IEE settlement Jnd the amount of ¢be obligattots ¢an be measured reliably. ExpettdJ"DJrt is accounttd for on an accruals bLsi5 aDd ha5 been classified under headings thai aw¢ga¢e all ¢osi lad to the category. Wh¢re costs cannot bt direcily attributed to ti¢ll]aT beadiogs. they hav¢ be¢0 aUo¢atyJ a¢tivitses ott * basis ¢oosis¢ellt wxth the use of resources. Allocation of Apport eosts Support costs are located brtwecn fundTri5ing trading ar¥1 ¢harbthble arfivitse& T•Dglbl¢ ed ssyts TaLygibl¢ fLxed assets are Mated ai st less depreciation. TT Stts$ Ths chariiy 15 cxcmpt frorn (OTwr1on on its chari¢able activitie& F5nio¢S1 InStMents The Ctwiry onty ba5 financial assets and financial li1]1[1 of a kitid that qufjlify as b"£ fJt)4n¢ial instrum¢nts. Basic finCial instruments, including trad¢ and other deblS and ¢redi1013 ale IllLiially recognised at transa¢kn"on va¢ and subs¢quently m¢awred at their settlement value. Fund a¢eountlDg Unrestricted fiJDds can be used in acctsrdatttt vith the cbarithble objects.ves at the discretiott of the trustees Dt5i8nated fuDd5 are set aside by thc dIreCth of the uDrtrICted inc4)me fid$ for specifkc puwes or projects. Re5tricied funds CaD only be used for pArticular rcstricted purposcs witkn thc obJts of the ¢batity. Restri¢tiot)s aris¢ wh¢D specified by th¢ donor or wh¢n fiJnds are rai5¢d for particularicstricted purposes. Pag¢ 9
BLOODHOUND EDUCATION LTD NOTES TO THE FANcLIL STATEMENTS. CONTINUED FOR THE YEAR ENDED 31 MAY 2022 DONATIONS Ai¥D LEGACtLS 2022 2021 Donation5 and 8ifts Grattts 2.757 22,860 INCOME FROM CHARITABLE ACTIVITIES 2022 2021 Activity Sbjdios. PTlon5 aryl rvrnts Educations evcnts OTHER INCOME 2022 202I Job RctenlioD Scbcme Grant GovcrnmEDt grdnts 10.793 33,686 Dire¢( costs Supp)rt costs (Set ttote 5A) 2022 Totsl$ Event4 Exhibition Costs & Jjjatc Sraff costs Travclling Centre refiJrbisluncDt Websiie & IT Support co Profe&sioDal Fee5 Ikpr¢ciation fixed as5¢ Other support costs Swidries 41.536 41,536 81,299 672 237 528 1,024 2.148 6.853 136 81,299 672 237 528 2.148 6.853 136 42 134 433 5A. SiIPPORT COSTS. CiJRRENT YEAR Governa nce 2022 Totsls costs sff costs Professional Fc Sundrics 81,299 1.200 136 81.299 984 136 (216) 21 Page 10
BLOODHOUND EDUCATION LTD NOTES TO THE FINANCIAL STATEMENTS. CONTINUED FOR THE YEAR ENDED 31 MAY 2022 CHARrrABLE ACllVITIFS COSTS. PRIOR YEAR Direct cws &JpFOrt costs 2021 Tota15 (Set notc 5A) Events. Exhibition Costs & n4tetials Staff costs Travelling Centre refiubisbrnent ¢051s Consultancy Website & IT Support costs Profe&sional Fee5 Dcpreciation fix¢d assu5 Disposal of fixed assets Other 5UPPOrt costs Sundri 6252 6252 80.415 80,415 146 (979) 426 382 2,732 2.857 3,556 6.645 23 (979) 426 382 2,772 2.857 3.556 6,645 23 40 102 495 5A. SUPPORT COSTS. PIUOR YEAR nrx 2021 Totals Costs Statt¢osts Professional Fees Sundri¢s 80.415 1.200 23 80.415 2.732 1.532 NET LNCOMFJIEXPENDITURE) Nei incompj (expenditur¢) ts wted aft¢r chargin(Credi11ngTr. 2022 2021 Indepellderjt Examiner's fees TRUSTEES. REMUNERATION AND BENEFITS Tbere werc no tslJStr6s' Tonuneration or otb¢r ben¢fits for th¢ year ¢nded 31 May 2022 Dor for the year ended 31 M4y2021. TTh5tees' expenses There wert no mL5ttt< txpenscs paid for the year ended 31 May 2022 nor foT the yeaT eThled 31 May 2021. STAFF COSTS 2022 2021 Wag¢s and salaries Sotia] security costs Pension ¢osts 75.867 3.822 76.137 2,807 471 Wages and salariu Att 2021 Id¢d aprmsion for dixr¢tiODary payrtwlt of £9,000 by the tte5 to a member of 5thff. wbo bad agrccd to rethJ¢c lev¢ls of pdy dutiug rovid-19 fijrloughed period during that year. Pa8e 11
BLOODHOUND EDUCATION LTD NOTES TO THE FINANCIAL STATEMENTS. CONTINUED FOR TBE TAR ENDED 31 MAY 2022 STAFF COSTS- CONTINUED The average numb¢r of 11-e and wt-titn¢ staff during the year was follows.. 2022 2021 Managers No employee w&s paid over more thaD £60,(W ptt {2021: 1) TANGTBLE FIXED ASSETS Plani & Macbinery Cost: At IJune2021 Addition5 Disp05als 19.029 1.947 Ar31ffi May2022 20.976 Dtprrflatlon: At 1st Jutte 2021 Cbarge for the year EIirniDed 4.457 2.148 Ai 31st May 2022 6,605 Plet Book VAIu¢: 31st May 2022 14.371 31s¢ May 2021 14,572 10. DEBTORS 2022 2021 Debtors Ot1 ddjtors & PrepaymeDts 8,758 240 6240 352 CREDITORS: AMOUNTS FALLING DUE wrrHIN ONE YEAR 2022 2021 TTadc crcth.toys AccTuals and d¢f¢rred ttia)me Social secwity and othcr tax&s 3.530 4154 212 31.842 Page 12
BLOODHOUiYD EDUCATtON LTD NOTES TO THE FINANCIAL STATEMENTS. COThTU4UED FOR THE YTAR ENDED 3J MAY 21n2 12. CREDITORS: AMOUNTS FALLll4G DUE AFTER MOBI TIW¥ ONE YEAR 2022 2021 Business Intcmimion L(sao J3. ANALYSIS OF NET ASSETS BETWEEN FUNDS 2022 Total fidS 2021 Total funds Unrestricted ds Restricted fimd TangTri *le assets Current assets Cwrent liabilities 14,371 85,368 51.070 14,371 85,368 14.572 97,725 13. MOVEMENT IN FUNDS N¢tmovtmeni TTan8fers in fvnds b¢e¢rt hJnd$ At 1.6.21 At 31.5.22 Umre5trl¢¢¢d fwids General fund TOTAL FiJNDS Netmovcmenc in fuDd8. incbjded in thc above are as fouows: IncortkiDg expended funds UDrtstricted fumd5 Gtyeral fund 134433 TOTAL FUNDS 134 433 14. cO'TcET LIABILITIES Thue were no coDtin8ent liabilities at 31 May 2022 (2021= £DiI) 15. ULTIMATE CONTROLLING PARTY There is no ultUll8re cootrolling paty. Pa8e 13
BLOODHOUND EDUCAIION LTD DETAILED STATEMENT OF FINANCIAL ACllVITIES FOR ThE YEAR ENDED 31 2012 2022 2021 INCOME AND EIYDOWMEI¥TS Donations aDd legacies Douatioll5 and gjfts Grants 2.757 22.860 29.857 38,540 Charitable activitie5 FAlucatson rY¢Dts 67.494 15.842 O¢heT income Job Reort Stheme Grant GovcrTunent Znts 10.793 33.686 18.675 Totsl Intomlng r¢50ur¢¢$ JZLL44 74 EXPENDITURE CbAritabk actlvlties EvenLS, Exliibition cSts & materials Travellitig Professiooa] Fees FiDaDciai mallagemeni- bad debt Ayovisiott 41,536 672 40 6.252 146 40 42,248 S¥ppurt eo$ts Oth¥r Staff cost% so¢ial seawity & [10 Centre Costs Consulthncy Website & IT Support costs Other support costs Dispo1 of fjxed as5cts DcpTc£iation fjxed asscts 81299 237 80,415 (979) 426 382 6.645 3.556 528 6.853 91,065 160,810 GovernAnce £osls IDdependent Ex8miner'$ fees AccouD¢an¢y fees for other wo Sundries 1.200 (21K) 136 1.21)0 1.532 Tolal resourtes upe•ded 134433 Net txpeT•d+tsrt Page 14