REGISTERED COMPANY NUMBEIL. 1019154S (Tknt1￿d WAles)
REGISTERED CHARITY NUMBER: 1167382
REPORT OF THE TRUSTEES AI
FINANCIAL STATEMENTS FOR ThE PERIOD ENDED 31 MAY 2D22
FOR
Bl￿ODHoUND EDUCATION LTD
4ABIfyiNRFE•
24101r2023
COMPANIES HOUSE
A10
#108

BLOODHOUND EDUCATION LTD
coNrEiYfs OF THE FINANCIAL STATEMgNT5
FOR THE PERIOD ENDED 31 MAY 2022
Rewrt of thc Trustces
Ito4
Sthtrmelli of Fillanr￿1 Adivities
Balznce Shc
Not¢s w th¢ FinaDcial Stattm¢Dts
9t013
Detsiled Ststemellt of Financ￿1 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¢ c￿lty 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 sch￿1 to higber
educatioD and apprenticcsbips. providing a programme of eth￿ational 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 I￿St¢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.
Org*ntsatlollal strntture
The affair8 of Lhe ch￿ty are supervised by a board of Tn￿1￿. The MemoTanthim and Articles of A5so¢ia¢ion provid¢
for a minimum of four and a maximum of tightetn Tr￿sites. 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$ttts
Tb¢ Board may appoin¢ new DirecEors a5 it so wisbe& PO￿till oew Dirxtors ￿ illitially I￿te￿1¢Wed by the alair
and a s¢nall delegaiiots of existitsg Dtyethrs.
Ch*Dges to Trn5fees
Mr M Robinson h&s Joined the Board ofTrusltts &s financial director. Mr Robin50n 15 a qualifjed acGouniant who has
b¢¢tt specia]isitt8 in the managemeDt of cbarity accounts Since bis retiremcDL
Inthi¢tlon and tr8lnlng of n¢w Tru$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 SU￿rting the local comrnuDity Tncludhtlg famili¢s. bome ¢du¢otors, spe¢iat
educational needs 8nd other disadvanfaged gTWPS. These have bcen provided from our ethI￿tiOn 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 p￿r￿
The charity COnt￿lle5 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 tn￿tte& 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 diffic￿1 ￿ 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 ￿COUra￿Thg our
aMb￿ador3 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
Educ*tlon 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 sUp￿rted aDd enable to build their eonfiderKe during thes¢ s¢ss>ons. The
cbariry measured the succe&% of its stra*gies by mooitoring th¢ rJumb¢r of S￿￿ellts panicipating. the Dumber from
special educational needs and widerr￿rcSt0ttd gr￿p$ and analysis of Snldeni trother and parent feedback.
The fjrsi quarter w&s busy with revi￿11$¢4 interc5t from schools as rnany were able (o illvi￿ ¢xlen￿l provAdus in to
rwl face io face activjtses agaitt. Aithougb inter¢M continut<L the Dumber of scbool boOk￿g5 reduced from Ih¢ autWDn
0￿war¢I$ as schools faced a growing problem of reth￿ed budgets and staff shortagcs. SCb￿l visits increased w the
centre from local schools who utilised pa￿n¢ 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¢v￿0p¢dI0ralSt awareJe5s aDd sbowc&sc rcncwablc eDcr8y technologi¢s. They et)cour&ge
s￿dea¢S to devclop their own idcas to red￿ltig 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 al*rti&ive tedmologies. The bwiDg syllems ID tbei¥Jildings bave been upgraded
to renewabletechnolo8ie5 and through out partDusbipwith ABCw¢ are able to pmvide s￿dellts 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 alottg￿dt family workthi)p5 during the
holiday&
We atteudrd 4 large edu¢a¢ion ev¢oLS wbi¢b saw th¢ Show Carb¢ing th￿ted 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& a￿d
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 exci*mell( 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 Blo￿oUnd *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)gtr￿J
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 w*s ¢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 r￿OrnMend 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.
Targe*d mailings attd flyers go io the local 5choDls c•mmuDity and eth￿10￿ partDU5 dalabase. pr0E￿Ing af*r
school, S&tyJrd8y ellgjtteeriog clubs fjtyj hol]"day 8ctsvities 81 our¢¢tttr¢.
Oundle School h&s become all educ￿10￿ 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 ¢c￿d 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 ¢Xp￿Ilure 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 ¢￿ti￿ut io stek grants to fund teacher CPD. ots-liti¢ resou￿￿ and projccts aDd activities for
disadvantsged groups wbich we tan bost our ctntre of s￿￿1 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 cornmitD￿nt 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¢ incu￿ed 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 Wo￿OpS and rKojects developed thi5 yw give the charity exciling oppornmities to grow its fea¢b and so
increase the long-tenn impact of its ¢d￿Cation 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 th7￿ber
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 ACCOUDt￿is
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 direC￿r$ for th¢ pwp)ses of company law) you are respon￿bIe
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
ca￿led 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 comple*d 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 examin￿10￿. or
tbt accounts have Dot bceD PTepared in accordancewith the method5 and princwles of the &atement of
Recommeoded Practice for accouttting and reporti￿8 by et￿n"tieS applicable to clwitic5 prtpariDg their
accoun¢S in a¢¢ordan¢e WAth tht FiDanC￿l Reportitt8 Staodard applicable in thc UK and Rq￿blIC 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)n￿nd 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 c￿li￿ll1Dg 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 f￿1]￿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¢SpOn￿￿1111l}¢s for
(a)
eDsuritJg thai the cbaritable rompaDy kecps arL4X￿ullg reC￿rdS 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¢￿rdance￿Ith the special provisions of Part 15 of the Companics Act
2(K16 relating to sma]1 ch8ritablc companic&
Tb¢ finall¢ial Ststeftn￿ts 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￿ st*iements
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 ch￿ltieS&￿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 reCO￿lS¢d in the Statement of Financial Activitics once the Ch￿￿ty 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 re￿IP¢ 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¢5p￿d1llg amounti$then reco8lli5ed
as fixed ￿et in the period of receKpL
EzpETrditure
Liabilitits are reco8Discd as txpenth.tutt as %JOD a5 there is a legal o[c4￿StruCtive oblL8ationGtsmmittingthe ch￿try
to that expetiditure, it is probablethat a traDsfer of tconomie benefits will bc requircd IEE settlement Jnd the amount
of ¢be obligattots ¢an be measured reliably. ExpettdJ"DJrt is accounttd for on an accruals bLsi5 aDd ha5 been
classified under headings thai aw¢ga¢e all ¢osi ￿la￿d to the category. Wh¢re costs cannot bt direcily attributed
to ￿ti¢ll]aT beadiogs. they hav¢ be¢0 aUo¢atyJ ￿ a¢tivitses ott * basis ¢oosis¢ellt wxth the use of resources.
Allocation of Apport eosts
Support costs are ￿located brtwecn fundTri5ing trading ar¥1 ¢harbthble arfivitse&
T•Dglbl¢ ￿ed ssyts
TaLygibl¢ fLxed assets are Mated ai ￿st less depreciation.
T*T St*ts$
Ths chariiy 15 cxcmpt frorn (OTwr￿1on on its chari¢able activitie&
F5nio¢S*1 InSt￿Ments
The Ctwiry onty ba5 financial assets and financial li￿1]1[1￿ of a kitid that qufjlify as b￿"£ fJt)4n¢ial instrum¢nts.
Basic fin￿Cial instruments, including trad¢ and other deb￿lS 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 uDr￿trICted inc4)me fi￿d$ for specifkc puwes or
projects.
Re5tricied funds CaD only be used for pArticular rcstricted purposcs witkn thc obJ￿ts 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 F￿￿ANcLIL 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. PT￿lon5 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
s￿ff 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 I￿￿d¢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 I￿June2021
Addition5
Disp05als
19.029
1.947
Ar31ffi May2022
20.976
Dtprrflatlon:
At 1st Jutte 2021
Cbarge for the year
EIirniD*ed
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
fi￿dS
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￿'T￿￿cE￿T 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 Re￿￿ort Stheme Grant
GovcrTunent ￿Znts
10.793
33.686
18.675
Totsl Intomlng r¢50ur¢¢$
JZLL44
74
EXPENDITURE
CbAritabk actlvlties
EvenLS, Exliibition c￿Sts & materials
Travellitig
Professiooa] Fees
FiDaDciai mallagemeni- bad debt Ayovisiott
41,536
672
40
6.252
146
40
42,248
S¥ppurt eo$ts
Oth¥r
Staff cost% so¢ial seawity & [￿10￿
Centre Costs
Consulthncy
Website & IT Support costs
Other support costs
Dispo￿1 of fjxed as5cts
DcpTc£iation fjxed asscts
81299
237
80,415
(979)
426
382
6.645
3.556
528
6.853
91,065
160,810
GovernAnce £osls
IDdependent Ex8miner'$ 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