REGISTERED COMPANY NUMBER: 10191545 (EDEland Wales) REGISTERED CHARITY I¥UMBER: J167382 REPORT OF THE TRUSTEES AND FTNANCIAL STA TEMENTS FOR THE PERIOD ENDED 31 MAY 2023 FOR BLOODHOUND EDUCATION LTD *ACHZY3YQ' 1212023 COW•ANIES HOUSE
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BLOODHOUND EDUCATION LTD CONTENTS OF THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MAY 2023 Page Rq)ort of the Tnte¢S Ito4 Iodcp¢Dd¢nt Examinu% Rwrt Statement of Financizl Activitits Balance Sheet No*s to the Financial Staletnents 913 Detail Stst¢m¢n¢ ofFiDaocial A¢tiviti¢5 14
BLOODHOUND EDUCATION LTD REPORT OF THE TrUSTKES FOR THE PERIOD Ef4DED 31 MAY 2023 The trustces wbo are also directors of the clwity for the purposes of the O)mpanies Act 2(M)6. preÉeDttheir report with th¢ finan¢ial statements of the charity for the period ended 31 May 2023. 0ECTIVEs AND ACTIVITIES Ob5ects of the cbrity The aim of the charity i5 to advsnce ethication for the public bEnefii in science. technology. et)gitJeeriDg, aDd matherwiGS ISTEW. It dclivers thi5 throu8h promotiDg ititrrest in STEM at all levels frora primary scbool to bigher education and appTent1¢¢5hi Providing a pro8nmme of ¢ducational actsviue5 stimulate an interest in those subjeets by virtue of l?nks to real engimeering Pfojects it)cluth"no Bloodhound LSR. Th¢5¢ on-line projects, Workshop after school club& family experiences and STEM camps give young people from all b¥kgrowids th¢ opportiiDity I learn from engineus and iechtii¢al specialists from industry. putting tbeir learning into prd¢ti¢e and making the link berw¢u th¢ classroom and tM)l¢otial STEM caretr5. They also CDcowagc the development of life skills iequired for the world of work. Th¢ charity increaKs th¢ r¢ath and impact ol its VI<S tough collaborating with l&e-tnillded or8anisalions dravm frorn the private andpubli¢. Pvbil¢ beftefft The Tn1CeS att confident that thc 8ctÈviti&S of the charity fvlly meet the requimn¢ats of the Cbariry Cotnujission on delivery of public ttncfit. The trusiees have receivcd fc¢dback from smd¢nts, ¢¢ach¢rs, parenE local authorities, and ow th¢auoo panDers which show that th¢ B1(loUnd projxt and its workshops b&s eat a sustained iDterest . STEM subjects. All partners particularly locai8ovemmenL recognise the valuereal pmjects l&e Bloodhoundprovide for STEM en8ageTnent at all l¢v¢l4 both within and outside of School settings. STRUCTURL GOVEIiNANCE AND MANAGEMENT Constitulio Blo(MlliouDd Educatioo Ltd is a CpanY limited by guaratttr4 10191545 and a restered clwity. number 1167382. governed by its Memorandum and Arricles of ASS1&0. The charity was incorporated in May 2016 ahd modifjed its name to Bloodhound Edtscatioo Lld iti 2019. OrganlstloD#l structure The affairs of the ¢barity aT¢ 8upexvised by a tKJard orTnee& The memor and Arti¢les of Aw)ciation pmvide for a minimum of four and a maximum of ei8htcen TnL4tres. The members bave each guarantted to tontribu up to £10 to the &sseLS of the TnLq in the event of its liquidati( whiisr th¢y are a member and for one year after ce&sing to be a Member. Reerultment Ind 4ppoimtsmeTrt of New Trustees The Board tnay appoint llew Directo &5 it $0 wishe& POteDti n¢w Dire4wts are initially intuviewed by the Chair and a st11 delegation of exisiing Director Changes to Trnstees Thcre have been no Changes ty Trustees this year. lTrductlott And trlDkng of rlew Trnstee5 New trustees reccive a copy of the cotrjpany's memordum and Articl&s, apprnpriate Cbarity Commission bookl¢ the latest set of Trnsiees, minutes and the last set of financial statrments. They ar¢ introduced io key stsff in the rganisatsoo. stClUr¢ and prOgrall]ng of activiti ar¢ wlained to lh and they are invitcd kn visit the team at evenLS both in Schools aud at th¢ Edallon ¢entr¢ to expuio)c¢ tb¢ llctivities in person. M#nageDbext Day to day Lnallagemettt of thc charity is delegated to the Chief Ex#utive Offi¢er (CEO). who op¢rates within the stratrgic plan and financial dgets agreed with the Trustees. School engagem¢nl is increasing but whilsi SEiII below pre-covid levels stair levels are reduce the chariry will en8ag¢ STEM cornmunicaloTS for specific proj¢cts and th¢ O continues to be resw)nsible for fimd raising attd actively involved in the delivery of projects and reporting back to the grant OJDders. The Cbief Executive regularly Consults with the Cbair of the Tnte¢4 aod repryts to the Board at regu]ar intervals. Page I
BLOODHOUND EDUCATION LTD REPORT OF THE TRUSTEES FOR THE PEIUOD EIYDED 31 MAY 2023 Managemellt tontlnued The Chief F.xeeutive also consults with specialists and memb¢w5 of the team d¢veloping and deliverinB the STF.M educational activities and programm¢s. A Ojil revlew artd uplate of Bloodbouod Education lICi I takell place thrJn8 penod including Safe1& eomplaints, equab'ty aud diver5iry, dats prot¢dioo, busiDess Continuity, cancellation. risk managemeDL behaviour matta8emenL bealth & safety. The staff cod¢ of cooducL tllanagcment of volutters and pro¢ethe for safe rectuilmeot have also been llted. All risk asse&srnents bav¢ be revi¢w¢d by th¢ hcaith and safety officer as part of tb¢ anDual r¢vi¢w and risk &S5esstD¢nts d¢v¢loped for new activities. Slaff have twl the opwKfutikty to iiend Iraitting and upda their skills in safeguardsn& inclusion. fus¢ and f( Ilergens. Operallo Farc to facc school rllgagetnent ill primary aKLd secondary schools bas grown during this puiod with continued iDter& from schools in hamds-on engineeriog challeDg¢s, wbi¢b buiLds ¢onfid¢nce, puts learnin8 into practtce alld make the link between the ¢I&rooM and career p3thway5. Th¢ continu¢d 5upponfrom wr landlords. South Glotscestetshire & Stroud Academy Tn¢ in ISIng u6 the ¢ducaiion ¢¢ntr¢ spac¢. ha5 ¢nsur¢d w¢ can Gontinue to events outside of SCI11 times. during boliday5 and at w¢¢kwd5. Thcre has been a growth in these activitics thtring the ye. Thc cllarity attcnded several large STEM educatioa and family events with the Sbow Car. and Mothilar Car. thatths to the contiaued Ii)gistiGS SUPPOrt of Arthur Spri8gs. Thesc wcre ID IA)odoD (5xeviousty poswJ)ed due to Covid) and involved drop in for falk5 and activities around the Car. and family engagement in Glouc&%tershire. Anhur Spr¢ggs colltinued to provide logistics SUPFrf)rtto enabl¢ th¢charity to att¢nd large evellts with the Bloodhound Car alldprovidcd a new air sb¢lter for th¢ chlty io mak¢ us¢ of when arteDding ou¢door events during inclemellt weather. This period h*5 seen furtkn development aDd delivery ofDew worksbops and activities to match the requirements or local authorities ID SUPPOrtitJ8 the Iwal cortununity pCUlat1Y with the W (holiday acuviti¢5 and food) progratDme. This includes families, home educatoys, special educational need4 and other dIsadVantag groups. These have been provided frorn our education base and at new locatsolls across Gloucestersh aDd South GIouc&5tcr5hir4 allowin8 families with litnitrd acc to trattswt to attend. Rlsk and uncertalntles Th¢ Board of Trn$tees eontirtue to review the slrntrgy. particularly the risk analysis and associated Procertur. The p]an definiD8 the closarc of the charity has bccn UtrJ rccognise the improved ew?omic sityation, bui continu¢ ts) be rin8fcDced to Pport a potential closure. Itlcreased numbers of eoquiries from schools. confwD)s thue is 3 Cootinucd interesi in the actavities provided by the chaTlry. However. schools are finding it extremely difficultlo allo th¢ n¢e¢ssary fvftds for wi)rkshops, wjpled with thc illlcrnal stairg thall¢ngc5 to #bI¢ Sellts to thkcrt off tllnetablc. W¢ CODUllU¢ to on raising fimds from altcrnative sowces which can subsidise the school a¢tiviti¢s. We bav¢ also been encourdging our volunteer ambassadors to support the tean) IJJ the ddivery and so enable us to run workshops without incre&siD8 our costs. Page 2
BLOODHOiTND EDUCA TION LTD BIPORT OF THE TRUSTEES FOR TE PERJOD ENDED 31 MAY 2023 Fund ralslDg Sinee 2016, the charity has nof received any fmaneial siwwt from Rl(M)dhound Programme tAd. or Rloodhound LSR. Funth are raised through inthw doDation4 cbarity gtants for specific Projec education p2rtsi¢rships and fr schools contributing towards the cost of delivertng thc acfivities. During the pEriod, we secured 8fdnts fri)m a vartety of nvw sources inchIng Cotswold CtsnDected Ci>nullunity. Freema50n's, Glou¢e5t¢r CommunTty Foundation. Nattonal Lottery Comrnunity Fund Millennium Point TnLSL Royal Academy of Engineerin8, Tesco. We contsmue pattrer with Gloucestershire CourKil, Rotary. South Glouces*rshire CoullciL Th¢ Atutninium Frrab"on and Arthur Spriggs. ACHIEVEMENTS AND PERFORMANCE EdlltatloD Actfvltles This year saw a continued inl¢r¢si in face-traCt rgagement iti schoo]s. attellditig large ethxation and a rise in th¢ number of ¢ouMDuntty events aod special ItreSt 8roup4 particularly home lUcat01 and special education nteds. The first quarw was busy school Mgagernentactiviiie& and ov¢r l JOO primary and secondary children took part in workshops. Although interastcontinued thenumberofschool Ih)okings rethi¢ed from the allrn onwayds as schools fated a gmwillg problem of reducedbudgets and staff strLortag¢s. School visits incre&sed again from Fcbrnary ottwoxth. although the scbool strike days resulted in several cancellations. In th¢ 2023 sutDmerperithJ since the year end. School bookitigs were higber agaui with more secondary 5cIM)ob engagiDg Ix)st cxattis. The education centre has enabled the charity to extend tts acti¥ity"es with new prograrnm¢s, regular weekend. holiday and aftcr schijol workthop5 &5 part of its collalx)tatson with local authoritses and thanks to thc cOntind 5UN)ort from South Gloucestershir¢ and Stroud Acad¢my Tn4L AU activities attd progrdmmes are dcsi8ned to appEai io attd engage young people frojn diverse backgrounds and with a range of skills, intrrests and learnitig styles. Feedback frompartiCiPanLS, teachers, parents. and stakebolders continue5 to reinforce the positive impact of Bloodhound F4knaiion activTties on the STEM engagement and aspirauons of the chJ"Idren and young people ¢aking pa We attended 4 large education eveDts with thc Show Car thaDk5 to loghstics 5UPlXJrt from Arthur Spriggs and in th¢ summu p¢riod sin¢¢ th¢ ¢nd of th¢ year we 3ttendcd another 3. proviDg there is a growittg int¢r¢st in life size exhibits lik¢ Bloodhound to bri08 learnin8 to life. We re-engagd with the RAF. providAn8 traiti1 and equipping 18 pKrsonDel from 4 b¥5e4 to ¢Dabl¢ them to deliver our ro¢k¢t LWwOh0PS as part of their STEM outreacb. Our wottderfvl Bloodhouttd An)bassadors bave been iovaluable in ¢ontiDuing 10 wpport ei]8agetnellt" and this year ha5 seco thc rctum of many Ambassadors who are going tllto schools to give talks. Feedback from scbools. familie5 and event organisers has been very positive with all agreeing ir is invaluable forproviding opportuttits"esforstud¢nts to meet real engin¢¢rs and Tnake th¢ link betwttn the classr and career pathway& We bavc 70 [Cred Bloothound ambassadors. PAge 3
BLOODHOUND EDUCATtON LTD REPORT OF THE TRUSTEES FOR PEIUOD ENDED 31 MAY 2023 Educatlon Adivities ¢oDthiu¢d Overall emga8ement and reach was 29,OW of which:_ l. Face to Face- 10.000 school visits ¥nd STEM ¢v¢nts. w¢ek¢ll holiday prograttUDe5. after sch11 and home school clubs. via Bloodhouod partner hulks at Swatksea University attd (e SchooL 2. On-lin¢- approximatrly 19.LKKI virtual events. accessed frec on.line r&wurc& Bloodhound video views. Twitter. Facebook, and IDStagTam. FinaneiAI Review *Md Reserves During the period ended 31 May 2023 incom¢ wa5 £143,535 and expenditsllt WLS £156.065 At31 May 2023 totsl free r&%erves of the charity were £36.139 During this financial year. the charity maintained existing pre-covid PTiC¢S to encourage more schools ty bcrt)k workshops, itt the knowledge that it would resuli in subsidising costs througb use of ra5erve5. Although this rtsulted in increased school eugagemeni it con(inues to be s11. njany sthoojs are still struggling to find fuD&4. The Board has agr¢ed that prices should increw to Eeco8niK the chari(ies incre costs whKh will ali8D them with other clwities provAdiD8 5llni13r service During thc lasL quartcr. tbe h¥0 charity cmployces rcturncd to fidl pay for thc first iimc sincc thc pandcojic. The charAty will need to fo¢ this year on schth)Is and iDStiWtiotLS who do have fimd%. or othcr organisations who are willing to jointly fund rh¢ Workshops wch as Rolary. It will also continue to seek Tnstitutr amd charity grants and donatiolls. ¢0 subsidise thedelivery of tbese activities, at its eduutson ctntrc and Oth locations where there are groups of disadvanraged ¢hildrnb, with iimi¢¢d 3¢5$ ¢0 STEM adivities. It will eoniinue to engage and inspire new 8roups of young people by growiDg tbe holiday aDd 4ft¢r 5cbool ¢lub programmes. alongside programmes for (SEN) S¢1&1 educat&on oeeds youog 0p1& bome school 8roups wilh the local authorities and other education pathers. The ¢barity intends to build its res¢tv¢s by th¢ creation of n¢w &lu¢atiOll Tclated partherships and projects to cnable it to continu¢ to grow and cxpaud ¢0 pre-covid activity l¢v¢l& . Ii will contiou¢ to gather f¢¢dbacK whith will be mODitored aod evaluated to Anfonn OD funwe develOpMlt aDd improvement. This report has been prepa1 in accordance with the speciaj provisions of Part 15 of the Cornpanics Act 2(M)6 relatitig to stt)all cotllpanie& Approved by order of th¢ board of tNs¢ees on ......... DxeotrKr 2023 al 5i8Ded on its bEhalf by". C B Fairhead- Chair of the tnletS Page 4
BLOODHOUND EDUCATION LTD FOR THE PERIOD ENDED 31 MAY 2023 Registered Comphy thumber 10191545 (England and Wales) Registered cIlty nllmber 1167382 Reglstered offlee Ground Floor Building Cl I Gloucestershire Sciettce and Technology Park Berkeley Gr¢¢D Glou¢¢st¢rshirc GL13 9FB Trste¢S Mr. C. B. Fairhead Mr M. Robiuso Mr. B. J. Eva Mrs. D. R. Fitt Company Se£Yetary MrsN NaDay8kk8ra Independent Examiner Subha5b Ganatra FCCA Mathle Hill Chartered Cffiifi¢d Ac¢ountanL% 193 lo"cl[lond Road St Margaret's "Twickenbatr
Ir4DEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BLOODHOUND EDUCATION LTD IndepeDdent examiner's report to ihe trllstee5 of Bloodhound Education L¢d fthe Company.) I report to the chariry tnJsie¢s on my examinat¥on of the accounts of the Company for the year ended 31 May 2023. Re4bonslblll¢les And bsSs ofr¢port As the chariry's trustees of the Company (8tKi #Lso its dtredots for the purposes of wmpany law) you ar¢ r¢sponsibl¢ for tbe PTeparatioo of the accmts in a¢cordanee with the requirements of the Conyies Act 2)6 (Ib¢ 2006 Ace). Having satisfied myself that the accounts of the Company are not TequiTed to be audiied under Part 16 of the 2006 Act and are eligible for independent examination, I repon in respect of My exarnlnati of your Charity's ac¢oun(s as arri¢d out undcr th¢ ClJariii¢s Aci 2011. section 145 ('the 2011 Act.). In canying out rny cxatDination I bavt followed the Directions given by the Charity Commission undersection 145(5) (b) of th¢ 2011 ACL Independent #Iner's statrment T have completed my examinauon. I confirni matter5 have come w my allention in ¢onnection with the examination giwng me cause w believe". a¢¢ounting r¢¢ords w¢rc not kept it) respect of the Company as rcqllired by section 386 of the 26 Ac(. or the accounts do llot ad with those r¢cord%' or the arKouDts do not comply with the acci)UELtiog rcquiretucnts of SC¢lion 396 of the 2006 Act other than any requirement that the ac£ouots wvc a Itue and fair view wbich is oot a mat¢ei considered Is part of a independent examinab"on' or the accounts bave noi been prepared in accordance witb th¢ m¢thods and priD¢ipl¢s of the Statrrnetst of Recommended Pr&crirz for atxountitig 8ttd reporting by cbarities applicabl¢ ty cbaTities prepaTing their accounts in accordallce with the Finaocial Rqjoning Standard applicable in the UK and Republic of Ireland (FBS 102). I hav¢ no rynccrns aDd bavc come acTOSS Do other matters iti cowieclion with the exaDiination to wbicb attEDtion should b¢ drdwll ID tbL5 rcport in order to enablc a properunderstandiDg of the acwunts to b¢ r¢athe(L Subhash Ganatra FCCA Marble Hill Cbartered Certified Accountants 193 R]"clmio*d Road T.ivickenbam TWI 2NJ Dat¢: l Dxemb¢r 2023 Page 6
BLOODHOUND EDUCA TION LTD STATEhfENT OF FINANCIAL ACTIVITIFS (INCORPORATll4G AN INCOME AND EXPEI¥DITURE ACCOUI¥T) FOR YEAR ENDED 31 MAY 2023 2023 Total 2022 Totsl f4wds Unr&sEfiCted Restrided fimd Notes INCOME AND ENDOWMENfs FROM Donations and legacits Charitable activities Edtion ¢vents Oth¢r income 38232 38.232 29.857 99.079 99.079 67.494 Other illcome- Government a1]ts 6.224 Trtai 143.535 143.535 121.944 EXPENDITURE ON Charltable activldes Ev¢nts, Exhibition Costs & material$ 156065 134433 Totsi 156.065 156,065 134,433 NET INCOMEI(EXPENDITURE) (12530) (12.530) (12,489) Tr•nsfer5 betwee funds P4ct movement in f¥Trds (12.530) (12.530) (12.489) RECONCILIATION OF FUNDS To¢*1 fvttds brouiht forward 48.669 48.669 61.158 TOTAL FUI¥DS CARRIED FORWARD CONTINUING OPERATIONS All income and expeTrditure arisen from £tinUIng activitie& Page 7
BLOODHOUND EDUCATION LTD BALANCE SHEET AT 31 MAY 21123 2023 2022 Notes FtXF.D ASSF.TS Tanwble assets 13.585 14,371 CURREIYT ASSETS Stock Debtors Cash at bank and in hand 1.776 20.186 45596 1,793 8.998 74,577 io T•¢al Current Assets 67.558 85.368 Credi¢ots.' atnowits failing due within one year (45.lJ)4) 151,070) IYET CURRENT ASSETS 22.554 34,298 NET ASSETS £36,139 £48,669 THE FUNDS OF THE CHAR¥ Uttrertrltted fllnds 12 36,139 48,669 Restrlcted fnnds £36,139 £48.669 The clwi18ble cornpally 16 ¢ntitid to ¢Xtyion fr(rfn audi¢ulld¢r S¢cu"on 477 of the Compallies Act 2(KJ6 for the wiod ended 31 May 2023. The mcmbers have nOtreqlred the cbaritable conwany th olxain att audit of its ftttancial SthteDllts fortheperiod ended 31 May 2023 in accordanct with Section 476 of the Companies Act 21X)6. The trustees acknowledge their responsibilifyes for (a) eDsuring that the cbaritable company keeps accouniing record5 thjt comply with S¢dions 386 and 387 of the Cornpalli¢s 2006 aDd prepariDg fu1claI statcmeDts wbich give a true atld fair view ofthe sthte of affairs of the charitsble ¢ompaDy as ai the end of each financial year and of its SluS or deficit for each financial year in aco)rdanc¢ with the requirernents of Scctsons 394 and 395 and whith othmvise cotnpty with the requirements of tbe Compauies Act 2006 relatin8 to fiDanciBi staternen so far apph"cabie to the charithble company. (b) These financial statements have been plared in accordallcewith the special provi5i0Tr5 of 15 of the Colnpanies Act 2006 relatillg to small charltsble companies. Thc fmancial stat¢ wcrc approv by thc Bi>ard of Tntstces on ......... Dcccmbcr 2023 alld wuc sigJcd on its behalf by.. C B Fairhead-TnLStee Page 8
BLOODHOUND EDUCATION LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE PEIUOD ENDED 31 MAY 2011 ACCOUNTING POLICILS Ra5is of pr¢pring th¢ flnAttei•l statements The financial 5tstements of the charitable COTnpany, which is a public benefit entity under FRS 102, have bcen pr¢pared in accordaDce with the akaritses SORP IFRS 102)'AccountJDg aod Reporting by Charities". Sta(¢mellt of RecornmendedPractiG¢ appli¢abl¢ to cbarities preparing th¢ir accounts in accordance wÉth thtFinancial Rqxjtting Standard applicable in tbe UK and Republic of ITelaDd (FRS 102) (i&sue41 in Octob¢r 2019) attd the Companies Act 2006. The financial statrments have been preparcd uodcr the histyrical cost convention. Coing ¢oTr¢¢Yn This r¢Yiew h&s coD5idered all factors iDrludiDg the past effec( of thepandemic. th the da ofsigning th¢ fwaDcial stateD]ents and based on this review the trustees lieVe that the financia] have bttu prepar&1 appYoprialy ott the going concern basis Ineomt All income is r¢¢ognil in th¢ Sta¢•nent of Finan¢ial Aetiviiies on¢e the ¢hariry. has ¢ntitl¢ment to the fiJnd4 it is probable thai th¢ in¢orn¢ will be receive( and th¢ amouDt be me4sw¢d r¢liably. No amouD(s are include41 in the finaDcial 8utemeDts for seNices th)n8ted by volunteers. Income from governttjeot and other grants. whcther 'capital' grattts or 'revenue' graots. is rccogni5ed when the harity has entitlem¢ot to the fi&%. aoy performaoceconditions attached to th¢grants liayebeen mel it is probable that the income wll be received and the arnount can b¢ mwured reliably and is not d¢f¢rr¢d. In respect of the fiwlough all all condition4 with fESpect to th¢ ¢Rigible costs bEing claimr4k havc brcn meL Donations are assumed to be uteStrICted iti their applirAtion llD1 otherwise prescriiKd. OD r¢¢eip4 donated &ssets are recognwd on the basis of the Yah of the gift 10 the charity which is amount th¢¢harity would have been willing to paytoobtain the 01 market. acotteslng amountisthen recols¢d as red a¢1 ID th¢ pen(Ml of lpL Exptthditure Liabiliti&s are as expeDditure &%500nas th¢ is alegal or¢oostruCtiveobligationmtnittingthe c]Jzrity to tbat expenditure. it is probabl¢ that a ¢ransferof cll01¢ benefits wiiL be required settlement and tbe amount of the ¢Jbligation can be measured reliabty. Expenditure is accounted for on actTuals basis and has been classificd undcr hcadings thai agggat¢ all c1 rclatcd to thc ufcgory. Whcrc 8t8 dircctly attribulcd to particulaT headings. they have been allocated to &divities on a basis consistenr with the use of resources. Allo150 of support Costs Support ar¢ allocaied between fuJidraisiDg tyading and charitablc activi¢i¢s. T*ngJble ffted 4$8¢ts Tangible red &ssets are Slated at cost depreciation. T¥i status The charity is exempt from cwrauon tsx'on cTrwitable a¢liviti¢s. Flnanclal instrumtDts The Charity onty Ilas fmancial &%sers and tlltancial Iltbilities of a kiud that quah.fy as kni£ financial instrumepts. Basic fiDallcial instnllnellts. including trdde and other debtors and credItS are initiauy re¢ogDiSed at transaction value and subsequeody rneasured al their Settleme vahJ¢. acct)uTrting Unrestricted fiwds can bc u5¢d in ar)rdalKe with th¢ cbarittblc objective5 at th¢ di5UCtiQD of the IntteS Designated fiJDds ore set asid¢ by the dITe¢IS out of the uDre5tri¢tul income fijnds for SEfi¢ puwes or projects. Re5thc¢¢d fvnd5 TE only b¢ y5¢d for parricular Testyicted purEMJ5cs within the objects of the ehartry. Restrictions arise when specified by the donor or when fiwds are Taiscd tor particular restricted purpos¢s. Pagc 9
BLOODHOUND EDUCATION LTD NOTES TO THE FINANCIAL STATEMENTS. CONTMiED FOR THE YEAR ENDED 31 MAY 2023 DONATIONS AND tEGACIFS 2023 2022 Donatiolls and gifts Grants 5,908 2,757 TNCOME FROM CHARITABLE AcllviTIES 2023 2022 Adivity SdI*m, pfDthKtiODS and ¢V¢Drs Educatiolls even 99,079 OTHER INCOME 2023 2022 Job RctCDtsoD Schcthe Gr401 Government 8raDts 10,793 24 Direcl ci>s15 Supp)rt 2023 Totsls (See Dote 5A) Events, Exhibition Costs & materials Staff costs Travellitsg Centre refiubisbm¢nt ¢osts Professional F¢cs DepreciatlOD [ed assas Other 5UPPOrt wsts Sundrie8 54.527 54.527 90,135 354 483 2,183 l.952 6,136 295 90.135 354 483 280 1,952 6,136 295 156065 5A. SUPPORT COSTS- CURRENf YEAR Governa nce Other 2023 Totsls costs Staff costs ProfessiDnal Fees Sundri&s 90.135 12 295 90.135 1.903 295 703 703 Page 10
BLOODHOUND EDUCATION LTD NOTES TO THE FINANCIAL STATEP•fENTS- CONTINUED FOR THE YEAR ENDED 31 MAY 2023 CHARITABLE ACTIVITILS COSTS.PRIOR YEAR Direct costs Support eosts (See note SA) 2022 Totals Evcnt4 Exhibition Costs & matAials Stsff costs Travrliitig Centre refurbishment costs Website & IT Support C¢)5ts Profe6sional F¢cs Depreciation fixed wets Other SUPEKJrt costs Sundrics 41.536 41.536 81.299 672 237 528 1.024 2,148 6.853 136 81.299 672 237 528 40 2.148 6.853 136 134433 5A. SUPPORT COSTS- PRIOR YEAR Governa nce 2022 costs Totals Stsff rosts Prof£%sLDnal Fees Sundries 81,299 1,200 136 81,299 984 136 (216) 216 NET INCOMEI(EXPENDITURE) Net in¢om& (exp¢ndinwe) is stated after ChaWn{cdillng). 2023 2022 lttdepettdent Exajnitier's fees 1.2(M) TRUSTEES. REMUNERATTON AND BENEFITS Tbere were tto tn¢s. remuneration or other benefits for th¢ y¢aT ¢ndrd 31 May 2023 nor for tbe year ended 31 May 2022. Tru5tee5' expebsts- There were llo tnes. expenses paid for the year ended 31 May 2023 nor for the year tjmied 31 May 2022. STAFF COSTS 2023 2022 Wag¢s and sa]ari¢s Social security costs Pension costs 84.114 4.362 75.867 3,822 Page 11
BLOODHOUND EDUCATION LTD NOTES TO THE FINAI4CIAL STATEMENTS. CONTINUED FOR TILE YEAR ENDED 31 MAY 2023 STAFF COSTS-CONT]NUED The average numb¢r of fvll-tirne and part4Tme staff during the yearwas as follows: 2023 2022 Maoagers Op¢ratior The numbu of ¢mployc¢s within th¢ Gharity paid ztLLKe than £60.0 iti the year are analysed &$ follows.. 60.OIXI- £69.999 TANGTBLE FIXEII ASSF.TS Plant & Machinery Cost: At 1st June 2022 Additioas Diswjsals 20.976 1.166 At 315t May 2023 22.142 Depred*tloD: At 1st Jurte 2022 Charg¢ for the y¢a Eliminaied 6,605 1,952 At 31st May 2023 8,557 Nei Book Value: 31st May 2023 13.585 31st May 2022 14,371 io. DEBTORS 2023 2022 Debtors Other debtors & PrePayMets 19.398 788 8.758 240 ii. CREDITORS: AMOUNTS FALLING DUE MTHJN ONE YEAR 2023 2022 Trade CT¢ditors Accnjals and deferred iDcorne Social security and otheT tsxes 209 36,607 3,530 42,540 Page 12
BLOODHOUND EDUCATtON LTD NOTES TO THE FINANCIAL STATEMENTS- CONTINUED FOR THE YEAR ENDED 31 MAY 2023 12. ANALYSIS OF NET ASSETS BETWEEN FUNDS 2023 Total fwids 2022 Total Unrestricted Re5tricd tUDd Tangibk ass¢ts Curreot ss¢ts Current liabiliti 13.585 67.558 13.585 67.558 14.371 85.368 13. MOVEMENT IP4 FUNDS Net rnovement Trdnsftrs in bttween funds At 1.6.22 At 31.5.23 Unrestricted fllnds General fund TOTAL FUNDS Net mov¢mcDt ID fids. inChCd ID thc aiwjvc are as follows.. tn¢oming rc50urc¢s Resourc&% Movement iti expended fiwds Umrestrlcied General fiind 143535 156065 530 TOTAL FUNDS 143 535 156065 14. CONTINGENT LIABILITIES There were no contingent liabiliti at 31 May 2023 (2022: £nil) 15. ULTIMATE CONTrOLLING PARTY There is no ultimate CODtrolliDg paty. Pag¢ 13
BLOODHOUND EDUCATION LTD DETAlllD STATEM OF FtNANaAL ACllVTfiLS FOR THE YEAR EI¥DED 31 MAY 2023 2023 2022 Ir4COME AND Ef4DOWhtENTS Donations and legacies Donaty"ons and gifts Grants 5,908 2.757 38,232 29.857 CharltAble *cdvltles Educatioo evellts 67.494 67.494 99,079 Job Retentioo Scheme Grant Government grants 10.793 Total Incomlng Te50ur¢es 143 EXPENDITtIRE Charltxble actlvitl EveDts. ExbibirioEL Costs & materials Travelling Profe5SiOllal Fees 54.527 354 41.536 672 40 41248 55,161 Support costs Other ststfcosts. social securiry & pensio CeDtr¢ costs Website & IT sUrt ry)61s Oth¢r 5uppon costs Depreciation red assets 90,135 483 81.299 237 528 6.853 6.136 98,706 9L.065 GoverDance costs tudepeDdent Examiner's fees Accountancy fees for other work SuDdries 1,21M) 703 295 12IKJ (216) 136 Total resovces expended Net expendltore Pa8e 14