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
#35

BLOODHOUND EDUCATION LTD
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2023
Page
Rq)ort of the Tn￿te¢S
Ito4
Iodcp¢Dd¢nt Examinu% Rwrt
Statement of Financizl Activitits
Balance Sheet
No*s to the Financial Staletnents
9￿13
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.
0￿ECTIVEs AND ACTIVITIES
Ob5ects of the cb*rity
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 t￿￿ough collaborating with l&e-tnillded
or8anisalions dravm frorn the private andpubli¢.
Pvbil¢ beftefft
The Tn1￿CeS 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(￿l￿oUnd 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 C￿￿panY limited by guaratttr4 10191545 and a re￿stered clwity. number
1167382. governed by its Memorandum and Arricles of ASS￿1&￿0￿. The charity was incorporated in May 2016 ahd
modifjed its name to Bloodhound Edtscatioo Lld iti 2019.
Organls*tloD#l structure
The affairs of the ¢barity aT¢ 8upexvised by a tKJard orTn￿ee& 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 st1￿1 delegation of exisiing Director
Changes to Trnstees
Thcre have been no Changes ty Trustees this year.
lTrductlott And tr*lDkng of rlew Trnstee5
New trustees reccive a copy of the cotrjpany's memor￿dum 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. st￿ClUr¢ 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¢ Ed￿allon ¢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 Tn￿te¢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 Safe￿￿1￿&
eomplaints, equab'ty aud diver5iry, dats prot¢dioo, busiDess Continuity, cancellation. risk managemeDL behaviour
matta8emenL bealth & safety. The staff cod¢ of cooducL tllanagcment of volutt*ers and pro¢eth￿e for safe rectuilmeot
have also been ll￿ted.
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 I￿SIng u6 the ¢ducaiion
¢¢ntr¢ spac¢. ha5 ¢nsur¢d w¢ can Gontinue to events outside of SCI￿11 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¢ ch￿lty 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 p￿CUlat1Y 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 U￿tr￿J ￿ 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 stair￿g thall¢ngc5 to ￿#bI¢ S￿￿ellts 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 inch￿Ing 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 F￿rrab"on and Arthur Spriggs.
ACHIEVEMENTS AND PERFORMANCE
EdlltatloD Actfvltles
This year saw a continued inl¢r¢si in face-t￿raCt r￿gagement iti schoo]s. attellditig large ethxation and a rise in
th¢ number of ¢ouMDuntty events aod special It￿reSt 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 all￿rn￿ 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 cOntin￿d 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 LWwO￿h0PS 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 [C￿red 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 sch1￿1 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 s￿￿11. 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 develOpM￿lt aDd
improvement.
This report has been prepa￿1 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 tn￿letS
Page 4

BLOODHOUND EDUCATION LTD
FOR THE PERIOD ENDED 31 MAY 2023
Registered Comp*hy thumber
10191545 (England and Wales)
Registered cI￿lty nllmber
1167382
Reglstered offlee
Ground Floor Building Cl I
Gloucestershire Sciettce and Technology Park
Berkeley Gr¢¢D
Glou¢¢st¢rshirc
GL13 9FB
Tr￿ste¢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 b*sSs 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 2￿6 Ac(. or
the accounts do llot a￿￿d 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 ry*nccrns 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
Ed￿￿tion ¢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 nOtreq￿lred the cbaritable conwany th olxain att audit of its ftttancial SthteD￿llts 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 fu￿1claI 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 S￿￿luS 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 pl￿ared 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¢p*ring 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
appYopria*ly ott the going concern basis
Ineomt
All income is r¢¢ogni*l 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 ut￿eStrICted 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 0￿1 market. acottes￿lng amountisthen reco￿ls¢d
as r￿ed a￿¢1 ID th¢ pen(Ml of ￿lpL
Exptthditure
Liabiliti&s are as expeDditure &%500nas th￿¢ is alegal or¢oostruCtiveobligation￿mtnittingthe c]Jzrity
to tbat expenditure. it is probabl¢ that a ¢ransferof c￿ll0￿1¢ 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 agg￿gat¢ all c￿1 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.
Allo￿150￿ of support Costs
Support ar¢ allocaied between fuJidraisiDg tyading and charitablc activi¢i¢s.
T*ngJble ffted 4$8¢ts
Tangible r￿ed &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 credIt￿S 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 In￿tteS
Designated fiJDds ore set asid¢ by the dITe¢￿IS out of the uDre5tri¢tul income fijnds for SE￿￿fi¢ 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
S￿dI*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￿{c￿dillng).
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 tn￿es. 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 & PrePayMe￿ts
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
Re5tric*d
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 fi￿ds. inCh￿Cd 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 sU￿rt ry)61s
Oth¢r 5uppon costs
Depreciation r￿ed 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