REGISTERED COMPANY NUMBER: 1019.1545 (England and Wales) REGISTERED CHARITY NUMBER: 1167382 REPORT OF THE TRUSTEES AI FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MAY 2024 FOR BLOODHOUND EDUCA TION LTD ADTTLK)NT 0810112025 COMPANIES HOUSE A7
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BLOODHOUIYD EDUCATION LTD CoNTEs OF THE FINAI¥CIAL STATEMENTS FOR THE PERIOD ENDED 31 MAY 2024 Page Report of the Trustees I to4 Ind¢p¢nd¢nt Examiner's Report Stsiemenl of Financial Aclivitics Balre Sheel Notes to the Financial Stsicments 9t0 13 Detailed Statcmcnt of Financi81 A¢livilies 14
BinODHOUND EDUCATION LTD REPORT OF THE TRUSTEES FOR THE PERIOD ENDED 31 MAY 2024 The trustees who are also directors of the cbarity for the purposes of th¢ Cotnpanies Ac¢ 2006> present their report with the financial statements of the charity for ihe period ended 31 May 2024. ORJECTIVES AND ACTivrriES Obj¢rts of th¢ rhArity The aim of the charity is to advaoce e41ucation for the public benefi( in scienc¢. technolo, engineering and mathematics (STEM). Lt deliv¢rs this through promoting intercst in STEM at ail levels from primary school to higher education and apprentIshIps. providÈng a programme of educational activities that stimulate an intcresl in th05C Subjects by virtue of links io re engineering proj¢cts including Bloodhound. Th¢sc on-line proj¢cls, workshop3, aftcr school clubs, family experiences and STEM camps givc yOLmg people from all backgrounds the opp)rtunity lo learn from engineers and technical specialisLs from industry. Pulling thcir Icarning into PTaG(i¢c and making the link beNcen the clrooM and tential STEM careers. Thry also encourage the development of life skills required for the world of work. Th¢ charity increases the reach and impact of its acliviti¢s through wllabora¢ion with likmInded organisalions drawn from the private. public and similarly niotivaled organisations. Publi¢ beDefit The Trusiecs are confident that the activities of the charity Ojlly meet the r4uirements of the Chority Commission on delivery of public bencfil. Th¢ trust¢¢5 h&ve received fecdback from sdents, lehers, parert local authorities and our education parthers which show that th¢ project and its workshops h&% crealed a sustained inlereyt in STEM subjIS. All parthers, particularly local govcrnmenL recogni5¢ the value real projccL8 likt Bloodhowid provide4 for STEM engagement both in schools and ihe wider benefit to the cominuniry. STRUCTURE, GOVERNANCE AND MANAGEMENT Constltution Bloodhound FAluGation Ltd is a company limited by 8uaranlce. number 10191545 and a regisl¢red charity. nurnb¢r 1167382, govuned by its Memorandum and Articles of A550ciation. Th¢ Charity wa5 inwrporatrd in May 2016 and modified its name to Bloodhound EA4ucition Ltd in 2019. Ory*niJational strntture Th¢ affair5 of th¢ charity are supervised by a board ofTrustees. The Memorandum and Article5 of A550Gialion provide for a minimum of row 4Dd a maximum of eighicen Truste. The mcmbers have cach gu&ranlced lo ntribUte up to £10 to the &ssets of the Trust in the event of its liquidation whilst they a m¢mber and for one yettr after ceasing to be a member. Re¢rultmeTrt •nd appolntmeDt of N•w Trnstee& The Board may appoint new Directors ag it so wishes. Potential new Directors are initially interviewed by the Chair and a small delegation of existing Directors. CbAllies to TThs¢e There have been no changes to Trustees this year. Induction trAlnln£ of n•w Try•t¢vJ Trlc%i' truJt¢¢5 TcIv¢ u wpy of iho compan)": Nlemorandum and Articl¢r 3ppropriate Charityi Commission booklets. the latest Set of Trust¢¢s' minutcs aThd the last stt of financial statements. They arc Introduc to key Staff and the or8anisation. Structure and progratnming of activities are PlaIned to them, and they are invited to visit the team at evenis knth in schools and at the Education ccntrc io ¢xperien¢¢ lh¢ activitie$ in person. MaD4gem¢DI Day lo day managem¢nl of the charity is delegated to the Chief Executive Officer (CEO), who operates within the strategic plan and financial budgets agreed with the Trustees. Whilsi the r¢lurn to pre-covid levels 8nd fvnding is ongoiftg, the CEO continues to b¢ responsible for fimd raising and actively involved the deliv¢ry of projeths and r¢porting back to the grant fvndcrs. The Chicf Executive regularly Co8lts with the Chair of the TnL8lees. rep)rts to the Board at regular intervals. Page I
BWODHOiiND EDUCATION LTD REPORT OF THE TRUSTEES FOR THE PERIOD ENDED 31 MA Y 2024 ManaEemtnt tontinued The Chicf Exccufivc also consults with specialists and mcmbcrs of the Icam developing 8nd d¢liverinB th¢ STEM educalionai activities and pro8rarnrnes. A 11 review and update of Bloodhound Education policiu has taken place during this period including e¢geYdIn& complaints, equality and diversity, fraud bribery & corruption. data protection, business continuity, evcnt and customcr canccllation, risk management. health & safety. Th¢ staff de of wndurt, managemenl of volunteers and procedure for safe recruithient have a]so been updaied. All risk &5scssmcnts have been reviewed by the hcalth and safety offIr part of th¢ annual TVi¢W and risk assessments developed for new activitics. Staff have had ihe opportunity to allcnd training and develop their skills in salcguarding, inclusion for children with special ducationai ne¢d$. paediatrl¢ first aid, and food aller8ens. Volunteers are updated on new activities they support and any changes in policy. DBS checks and rewrds for staff and volunteers are monitored and updated as required. Oper4tioD Fac¢ lo face school cngag¢ment h&$ wwn during this perio4 p0rticul1Y from Sondry 5th001s gcce55ing hd5n engineering challenges, build confjd¢nr¢, put leaming inlo practice and make the link between the ¢l&ssroom and ar¢¢r pathway5. Some schools conlinue lack funds for these activities and d¢Jiv¢ry has only been possibl¢ through obtaining aitcrnative ndIng route5 via grants and industy. This is usually for schools with high numbers of di$advancaged young people or 8roups who would not otherwise bc able io &¢cess ihem. Communkty and family programm¢s in partneTship wlth Gloucutershire and South Gloucesl¢rshirc Councils havc grown again thi5 ycar to rnatch local dcmand for our unAqUC dcsign and build prOjts within thc Holiday A¢¢ivili¢5 and Food (HAF) programme. New Short breaks programm¢s hav¢ b¢en developed lo include young people with spccial educalionai needs and disabilities. We were presenied with the 'Best Nutritional Educalion Awurd. by Glou¢eslershirc County Council. for linkirtg our activities to healthy eating and positive mental w¢llb¢in& using the 'fuelling of a land speed r¢cord driver, activities. The charity attended severni lllrge STEM educittion and family events with the Show cl. and Modular Car, thanks to tbe Lx)ntinued logistics support of Arthur Spriggs. Two of these were in parlnership with University of Leeds and University of Northampton, who showcased their engineerin8 courses alongside the Bloodhound activities carried out around the Car. The Show ¢tr w&8 on display al several large community cycnts RCTOSS Stroud, Glourxster, Cheltcnha wh¢r¢ familiu could have drop in talks around the Car and tak¢ part in activities link¢d to it. This period has seen developmcnl and delivery of new workshops and activities to malcb the requirements of schools and loc authorities. This in¢ludes families. homt educators, special educational need5, and other disadvantaged groups. The continued support from our landlords (South Gloucest¢rshir¢ & Stroud A¢ad¢mic Trust) provided an education base for our community outreach partiCullY for families who have &¢c£ss to tran5POrt. Wc have extended our reach by p8rtnering with the local authoriti¢5 to run activities at Community hubs across Gloucestershtre and South Glou¢cstershiffe ensuiin8 f8milies who h4tv¢ limited access to tran5POrt Can attgn Risk and yn¢¢rtaintlcs The Board of Trustees ntinue 10 r¢vicw the Slrnlegy, particularly the risk analysis and associated procedures and Sysfems in pla¢¢. This Includ a plan defining the closurc of the cherity should il be necess8ry and fid5 which Tcmain ringfenced to supprl any outstandin8 CQmEnitments. An increase in the number of enquiriu re-affirnis the continued interest in the adivities provided by the ch4rity. However, many leachers ar¢ finding it difficult to allocate funds and some are unable to manage their time and so fit in the Charity's worksbops wben the charity arranges the payment. The Charity will continue to seek and other sources of funding to enabl¢ it to provid¢ th¢ nK¢ssary r0S to deliver workshops. Support al events from our Bloodhound ambassador volunteers has been invgluablc this ycar. th¢y provide a level of und¢r5tsnding and enthusiasm for the subjecl which is not possible with teaching staff. and allows th¢ GhaTity to maintain reduced charges. Page 2
BLOODHOUND EDUCATION LTD REPORT OF THE TRUSTEES FOR THE PERIOD ENDED 3] MAY 2024 Fund nisln8 Funds are raised through industy donations, chuity granty education partnerships and from schools contributing towards the cost of d¢livcring the artivities. During the period, w¢ continued to be supporied by Gloucestershire and South GIOuSt¢r$hlr¢ Councils. The Aluminium Federation. millalUm Point Trust and Arthur Spriggs and Sons. Hub partnerships ¢ontinue with The RAF STEM Team, Oundlc School and Swansea University. We secured grants from a varicty of new sources including local authorities Cotswold Counril. Glouccsl¢r City. Active ImpacL Glouce5tershirc Community Foundation. High Sherriff, The Ironmongers Fedcralion, FTeemasons, The National Lotlcry Community Fund. Rolary. Wc maintain our ¢tt¢1 with previous SnsorS discussing opporti]tie5 to pather on fullwe projects. ACHIEVEMENTS AND PERFORMAJ¥CE EdtatIon Aeifvltles This period saw an overall ¢ngagement of 31,OIXI. 16,000 throu8h faG¢-to fa¢e activities and15,000 online. There was a marked increw in fa¢e-to-face engagement at primary and se)nd•ry 8¢hools. STEM 8nd ¢ommunity events. as h0O15 continue see the value both in the handSn learning and development ofwider MmUnication and work skills with a reach of 16,000 over a period of 145 days. Securing available space to njn activities al schools conlinuts to be a challen8¢ for teachers limetsbling and wc have betn very crealive and flexible to maxkmise cn8ageTnenl opwrtuniiies. Our hub puLncrs have made il possible io in¢r¢ase our r¢a¢h through their delivery of Bloodhound workshops in their local areas. Commullity outreach with local authoriry partners 8rew over this pcriod lo support the needs of disadvantaged young people who may not have access to STEM activities and skills development opportunitics throuth school. New partnerships p&rticularly wilh Active Impact led to development of a new programme of Short Breaks for children and young p¢ople with special educational needs and di58bilitiw tt¢r085 Glouces*rshire. Our wonderful Bloodhound volunteer Amb&8sadors have been a¢tiv¢ over this period, supporting our activities and runnlng Bloodhound events locally in their area. Participants and organisers are agreed that they are iDvaluabl¢ in providin8 Opportunities to meet Teal en8ineers and makin8 the Lit between school and Carfer pathways. Teachers and parents have accessed our free eryresources, presentations and videos on our social media channels with an esiimaled reach of 15,000 over this period. This is b)th as a stand-alone activity and to continue engagement alongside a face-lo-facc workshop. Teachers have fed back that it is a r¢aJ support to have acws to fun and quality re8our¢¢s including presentations, videos, lev4chcr notC3. handouts that they ctm use with muliiple 0uPS. Ail activities and programmes are design¢d to inclusiv¢ to and io engage young people of all ages. backwunds. academic abilitics and learning styles. Feedback from participants, tea¢her51 par¢nts. stgkeholders continue to reinforce th¢ positive impact of Bloodhound Education workshops on STEM cngagemcnt and aspirations of the children and yowig pcoplc participaling in them. We have run programmes for home school and community groups from our bC thanks to the conlinud supporl from South Glou¢e5t¢rshir¢ & Stroud Academy Trust. Transport costs to the sitc has limited th¢ numb¢r of s¢hools wbo visited us at Berkeley and most requests arc for tivItI take place in the local school. Thanks to logistics support from Arthur Spriggs, we attended 9 large events with the Show and Education Cars. These full-si replic bring leaming to jife lor those who come to visit. With increasing traport costs. we value iheit sUprt in making it W)S5ibl¢ for us to attcnd these events. Page 3
BLOODHOU14D EDUCATIOF4 LTD REPORT OF THE TRUSTEES FOR THE PERJOD ENDED 31 MAY 2024 Educadon Actlvltles continued pvador engagement h& remained at arow]d 40 ambasoador: thi: ycors who ivere invtsluable in 8UPPOrting oducation activiti. and providing 0pportynlti for 4vNdont: to n]oot real QDgincor41. We communicate regularly with our education contacts and partners. Newsletters promolin8 ow worksbopg, hire of the Show Car & modular car for 'Ct, tcochcr trnining, and on. lin¢ roJourcev and toolkitG go Out to our datab¢ of ?5,000 and shared with our 13,300 X followers and Facebook m¢mbcrs. Targeted mailings and flyers go lo the local schools, conununity 0UpS. and education partuers database, promoting all our activiti¢s. Flnanclal Revfiew and Reserves Durillg yei'lo¢J ended 31 May 2024 iMLome was £167,210 wjd ¥xy¢ndilw'¢ w&% £166,345. Al 31 May 2024 total free re8erves of the cb8rity were £37.004. The board decision to slightly increase prices to ensure that the income would match the increase in operating costs. not had a n¢gativo offect on the number of Gchool. ho iViGh to book our sentices. As ) result, Ive have returned to ' a break even for the first time since Covid, whilst still extending our activity reach. CUIUiENf SITUATION & FUTURE PLANS The Board of Trustees meet regularly and are actively involved ID tnonitoring charity activities aod its funds. It recogoises that fLd raising levels will need to be maintained to continue to subsidise the delivery of activities and build reserves. The focu: this ycar will be Jimilar to the past. few years, that i to engage with scbools who do have funds, and iipjth who arc willins to jointly fund activiti eithcr in Gcbool andlor oommuniliep where there are divadvaDtaged young pcopl¢ who do not hovc OCC to STEM activitlC4J. It will al0 e¢l< fundc to dcvelop additional free; curriculum liJ¢d rejourocs for tho wcbsit¢ and rocrnit odditiontsl amba&a&dor volunteers via inslitutionc and new iDdusty parthers, It will worlc CloVelY with local authoritl¢G to expand holiday programmes ivhich are incluEiiie to ppecial eduoatton needs nd reuching areos whcrc there currently a lac1( of provI*10n. It has bccn necessary to relinquish th¢ ¢durAtion c¢ntr¢ at th¢ B¢rkley power station sitc. Tbe 0C[S South GIouccJtCf4trbiro aod Stroud bal'e 0[d the rlte including the otTice the charity iYa6 renting. cbools wcrc finding it difficult to KTrourco fi(L for tran.vport to the contre, so mott of the ivorkshops ar¢ held in the school or in facilities Dearby. The charity has the use of an office at the site. It will continue to gattler feedback. which will b¢ monitor¢d and ¢valuat¢d it to inforni on futur¢ d¢v¢lopm¢nt and improvement. This report has bcen prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. Approved by order of the board of trustees on ..... ... Dember 2024 and signed on its behalf by: C B Fairh¢8d - Chair of th¢ trustees Page 4
BiODHOUD EDUCATION LTD REFERENCE AND ADMINISTRATIVE DETAILS FOR THE PERIOD ENDED 31 MAY 2024 Reg15tered Company number 10191545 (England and Wales) Register¢d Ch*rity numb¢r 1167382 R¢gi5ter¢d office Ground Floor Building Cl I Gloucestershlre Scienc¢ and Technology Park Berkeley Green Glouccster5hirc GL13 9FB Trustees Mr. C. B. Fairhead Mr M. Robinson Mr. B. J. Evans Mrs. D. R. Fitt Complffty Stcretsry Mrs N Nanayakkara Indepettdeot Ex•min¢r Subhash Ganatra FCCA Marble Hill Chartcrcd C¢rtifi¢d ArL¥)untant8 193 RicELmond Rood St Margaret's Twickenham TWI 2NJ Pag¢ 5
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BLOODHOUND EDUCATION LTD Independent eiamlDer's report to ¢he trustees of Bloodhound Educatltsm Ltd ('the Company.) I report lo the charity trustees on my examination of the accounts of thc Company for the year ended 31 May 2024. Re5ponsibili¢i¢$ And bA$iS of report As the charity's trustees of the Company (and also its dir¢dors for the purposes of company law) you are responsible for the prcparation of the acLx)unts in aceordance with the requirements of the Companies Act 2(K16 Cthe 2006 Arf). Having satisfied rnyself that the accounts of the Compat)y are not required to be audii¢d und¢r Part 16 of the 2006 Act and arc eligible for independent aMingtiOn. I report in respect of my examination of your charity's accounts as Carri out under the Charities Act 2011, scction 145 ('Ihe 2011 Acv). In carying out my examinalion I havc followed the Dir¢clions given by th¢ Charity Commission under section 145(5) (b) of the 2011 Ath. Independent examiner's stAtement I have completrd Tny aMInation. l ¢onfJrni that no matters have come to my attention in cL)nn¢ction with the examina¢ion giving me cause to believ¢: accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act. or the accounts do not o¢cord with those records: or thc acwunLs do not MplY with the a¢counlin8 rcquir¢m¢nts ol"yxlion 396 of th¢ 2006 Acl oth¢r than any requircm¢nt that th¢ aGcounts give a true and fair view which is no( a matt¢r considLYed as part of an independent examination. or the acwunts hHvc not been prepared in accordance with the methods and principles of the Staterncnt of Recommended Practice for accountin8 and reporting by charities applicable to charities preparing their accounts in accordanGe with th¢ Financial Reporting Standard applicable in the UK and Republic of treland (FRS 102). I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of Ihe acwunts to be re8¢hed, Subhash Ganatra FCCA Marbl¢ Hill Chartered Certified Accountants 193 Richmond Road St Margarets Ti¥ickenhain TWI 2NJ Date: l7 December 2024 Page 6
BLOODHOUND EDUCATION LTD STATENT OF FINANCtAL ACTIVITIES (INCORPORATING AN JNCOMK AND KXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MAY 2024 2024 Tolal funds 2023 Total fijnds Unrestricted fwids Restricted Not ]IYCOME AND EI¥DOWMENTS FROM Donations and lega¢i¢s Charitable Activities Education events 41.381 41,381 38.232 121.829 121,829 99,079 Other income- Govcrnm¢nt grants Total 143.535 EXPENDITURE ON CharitAble actlvltles Evcnts. Exhibition Costs & materials 156065 Total 156,065 NET iNCOMEI(EXPENDITURE) 865 (12,530) Tr4nsfcrs between funds Iyet mveMent In fund• 865 865 (12.530) RECONCILIATION OF FUNDS TotAI fundj brought forward 36.139 36,139 48,669 TOTAL FUNDS CARIUED FORWARD coiYrINUtNG OPERL4TIONS All income and expcndilur¢ ha5 arisen from continuin8 aclivities. Page 7
BLOODHOUND EDUCATION LTD BALANCE SHEET AT 31 MAY 2024 2024 2023 Notes FJXED ASSETS Tangible assets 12.024 13,585 CURRENT ASSETS Stock Debtors Cash at bank and in hand 2,270 8,574 50.341 1,776 20,186 45,596 io Total Current A8$tts 61,185 67.558 LIABILITIES Creditors.. amounts falling due within one year (36,205) (45,004) NET CURRE]YT ASSETS 24.980 22,554 NET ASSETS £37.004 £36,139 THE FUNDS OF THE CHARITY Unrestricted funds 12 37,004 36,139 Restrlcted funds TOTAL CHAIUTY FUNDS £37,004 £36,139 The charitable company is entiiled io exemption frotn audit under Section 477 of the fompanies Act 2006 for the period end¢d 31 May 2024. Tho rnombor. havo not roquired thc charitable company to obtain an audit of its fthaft¢ial $tat¢menL• for the period end¢d 31 May 2024 in accordance with Section 476 of the Companies Act 2006. The trustees acknowlcdge their responsibilities for (a) cllsuring that the charAtabl¢ company keeps accountin8 records that comply with Sections 386 and 387 of the Cornpanics Act 2006 and preparing fillancial stateettts wknich give a irue and fair view of tbe state of affairs of the charitable Company as at the end of each financial year and of its surplus or deficit for each financial year in aOrdance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to fmancial slatcments, so far as applicable to the eharitsble company. (b) Th¢se financial staternents have been prepared in arxordance with the special provisions of Part 15 of the Con)panies Act 2006 relating to small charitable companies. Tho financial ototcmcnLp wcrc opprovod by thc Boord of TNGt¢¢s on bebalf by.. 24" Do¢cLnbor ?0?4 and ivcro sign¢d on its C B Fairhead -Tntte Page 8
BLOODHOUND EDUCATION LTD NOTES TO THE FINANCIAL STATEMEiYrs FOR THE PERIOD ENDED 31 MAY 2024 ACcoUriNG POLICIES Basis of preparing (he finaneial ststements The financial statwn¢J)ts of the charitable company, which is a public benefit entity under FRS 102, have been prepaxed in accordance with the Charities SORP (FRS 102)'Accounting and Reporting by Chariti¢s: Stsiem¢nt of Recommendcd Prncticc p]Icable to charilies preparing their accounts in acLordance with the Financial Rcporting Standard applicable in the UK and Rcpublic of Ireland (FRS 102) (issued in October 2019) and the Companies Act 2006. Th¢ financial slat¢m¢nts hov¢ beKn pr¢paTed und¢r the historical ¢o$t ¢onvention. Going concern At the time of approving th¢ accounts, the directors An)ste£s have reasonable expectslions that the ¢h8xity has adequate rcsourecs to conlirtue its operational aciivilies for thc torese¢able future. Th¢ Trustees therefor¢ continue to adopt the going concern ba3is of accounting in preparing the accounts. Income All income is recognised in the Ststemcnt of Financial A¢livili¢s once th¢ charity has entitlement to the funds, il is probable that the income will be received. and the amounl can be measured reliably. No amounts are included in the financial statements for services donated by volunteers. Income from govemmenl and other grants, wh¢ther 'capitsl' gTanl3 or 'revenue' grants, is recognised when the charity h&8 entitlementto the funds, any performonG¢ conditions attached to the grants have been met. it is probablc that the income will be received and the amount can be measured reliably and is not deferred. In res£ of the fiwlough grant. all conditions, with TpeCt 10 the eligiblc costs being claimed, have been meL Donatio•g Donations arc assumed to be unresiricled in th¢ir application unle53 Otlicrwis¢ prcscribcd. On r¢ccipl. donal¢d assets are reco&nised on the b&sis of the value of the gift to the charity which is the amount th¢ charity would h&v¢ been willing to pay lo obtain on the open market: a coTh¢spondin8 amount is then rewgThised 08 fixed &8SCt in the period of rcccipt. Expenditure Liabilities are recognised &8 exp¢nditure as s(Ksn there is a l¢881 or constryctive obligationcommittingthe charity to that expenditu. il is probablc that a transfer of economic benefits will be required in settlement and the amow of the obligation clln be measured reliably. ExpendiDJr¢ is accounted for on an &tualS basis and has been classified under headings that aggregate all cost related to the Gate80ry. Wh¢re costs ¢anno¢ be dire¢tly attributed to particular headin8s• they have been allocad io activities on 8 b1$ consislenl with the use of resowces. AIIocAtion of support costs Support eo$tB are allocated between fundraisin8 trading Ind ¢haritabl¢ activities, TAngible fixed gssets Tangible fixed assets are stated al c(>st less deprecialion. Tax status The charity is exempl from corporation tax on Als charitsblc acliviti¢s. Fin8Dcial inslrumenti The Charity only h&5 financial asscts and financial liabiltties of a kind that qualify as basic financial instrumcnts. Basic financial instruments, including trad¢ and othcr debtors and creditors are initially recognised at transaction valuc and subsequendy meL8ured & thcir settlement value. Fund a¢eountiDg Unrestricted funds can be used in acujrdance with the charitable objectives at the discretion of the trustees Designaled funds set aside by the directors ou¢ of th¢ UnrrIcted income funds for specific purposes or projects. Restricted fun(i% can only be ed for particular restricted purposes within the obJts of the tharity. Restrictions arAse when specified by th¢ donor or when funds are raised for particular restricted purposes. Page 9
BtA)ODHOUND EDUCATION LTD NOTES TO THE FINANCIAL STATEMENTS- coluED FOR THE YEAR ENDED 31 MAY 2024 DONATIONS AND LEGACIES 2024 2023 Donations and gifts Grants 2.552 5.908 INCOME FROM CHARITABLE ACTivrriES 2024 2023 Aetivity Studios, produGlions and cvcnts Educations cvents 121829 121829 OTHER INCOME 2024 2023 Government 8rants CHARITABLE ACTIVITIES COSTS- CURRENT YEAR Dir¢ct costs Support costs (See nole 5A) 2024 Toials Events, Exhibition Costs & materials Sthff costs Travelling C¢ntre rcfurbishmcnt ¢osts Prof¢88ional Fees Depreciation fixed &8sets Other support costs Sundries 56,676 56,676 99.249 534 414 2,246 1,561 5,521 144 99,249 534 414 2,123 1,561 5,521 144 123 109012 166 345 5A. SUPPORT COSTS. CURRENT YEAR Govema n¢¢ costs Other costs 2024 Totals Staff costs Professional Fecs Sundries 99,249 1,200 144 99,249 2,123 l44 923 923 100 593 101516 Page 10
BiDODHOUND EDUCATION LTD NOTES TO THE FINANCRAL STATEMENTS. CONTINUED FOR THE YEAR ENDED 31 MAY 2024 CIL4RITABLE ACTIVITIES COSTS- PRIOR YEAR Direct cosls Support costs (Sce note 5A) 2023 Totals Events. Exhibitioo Costs & materIS Statrcosts Traveliiog Centre r¢furbishment wsts Professional Fees Deprcciation fixcd assets Other support costs Sundries 54,527 54,527 90,135 354 483 2,183 1,952 6,136 295 90.135 354 483 1,903 1,952 6.136 295 280 156065 SA. SUPPORT COSTS - PRtOR YEAR Governa nce osts Other sts 2023 Tola]s Stsff costs Professional Fees Sundrics 90,135 1.200 295 90,A35 1,903 295 703 703 NET II¥COMEI{EXPENDITURE} Net incomel (expendityre) is stated after chargin(credIting). 2024 2023 Independeni Examiner's fees TRUSTEES, REMUNERATION AIW BE]4EFJTS Th¢re were no trustees, Temuneralion or other benefi18 for the Ye endcd 31 May 2024 nor for the year ended 31 May 2023. Trustees, expenses There were no truste¢s' up¢nses paid for lh¢ year ¢ftd¢d 31 May 2024 nor for the year ended 31 May 2023. STAFF COSTS 2024 2023 Wages and salaries Social security costs Pension costs 91,236 6.302 84.114 4.362 99 Page 11
BLOODHOUND EDUCATION LTD NOTES TO THE FINANCIAL STATEMENTS. CONTllYUED FOR TIIE YEAR ENDED 31 MAY 2024 STAFF COSTS- COl1NUED The average number offvii-time and part-time stsff during the ycar w&8 Os follows.. 2024 2023 Managers Opcrations The number of employees within the charity pjid more than £60,000 in the year are anySed as follows: 60.001- £70,000 70.001- £80,000 TANGIBLE FJXED ASSETS Plant & Machin¢ry Cost: Al 1st June 2023 Additions Disposals 22,142 At 31st May 2024 22,142 Depreeiation: Ai 1st June 2023 Charge for thc year Eiiminaled 8,557 1,561 At 31st May 2024 10,118 Net Book Value: 3181 May 2024 12,024 3 1st May 2023 13,585 io. DEBTORS 2024 2023 Debtors Other debtor5 & PrwMym¢nts 6.239 2.335 19.398 788 ii. CREDrfoRS: AMOUNTS FALLING DUE WmlD¥ ONE YEAR 2024 2023 Trade creditor5 Accruals and defcrrcd income Social security and l&xes 2,848 26.870 209 36,607 Page 12
BLOODHOUND EDUCATION LTD NOTES TO THE Fll¥ANCIAL STATEMENTS- CONf]NUED FOR THE YEAR EIYDED 3A MAY 2024 12. ANALYSIS OF NET ASSETS BETWEEN FUNDS 2024 Total nds 2023 Total funds Unrcstrict¢d nds Restricted funds Tgngiblc a3s¢ts Current &ssets Current liabilities 12.024 61.185 12,024 61.185 13,585 67.558 J3. MOVEMENT IN FUNDS Nct movement Transt¢rs in fund5 betwe¢n fidS At 1.6.23 At 3J.5.24 UnreJtrlc¢ed fvnd8 Get)eral fund 865 TOTAL FUNDS 865 Ncl mov¢m¢nl in funds, included in thc above are as follows., Incomin8 resourc Resources Movement in p¢nd¢d fimds Unrestr•cted funds Gcnernl fund 167210 166 345 865 TOTAL FUNDS 167210 166 345) 865 14. CONThCENT LIABILITIES There were no contingent liabilities al 31 May 2024 (2023: £nil) IS. ULTIMATE CONTROLLING PARTY There is no ultimate controllin8 Party. Page l3
BLOODHOUND EDUCATION LTD DETA]LED STATEMENT OF FINANCIAL ACTtVlTIES FOR TILE YEAR ENDED 31 MAY 2024 2024 2023 INCOME Ar ElOWMEI¥Ts Don4tlons and leg8cles Donations and gifts ranls 2,552 5,908 41,381 38.232 Chari¢abl• Actfvltles Education events 121829 121,829 99,079 Other income Governmen( gr8nts Tot41 Incomln8 resour¢efj 14 EXPEIYDtTURE Charltgble aetlvltl Events, Exhibition Costs & materials Travelling Professional Fces 56,676 534 123 57,333 54,527 354 280 55,161 Support costs Other Staff costs, SOCI security & pension Cenlre costs Other support costs Depreciation fixed assets 99,249 414 5,521 90,135 483 6.136 106.745 98,706 CovernAnee eosts Indepmdenl Examiner's fees Accountartcy fees for other work Sundries 1,200 923 1,200 703 295 Total r¢soyr¢¢s expended Net Incomel(txpellditur¢) 12 530) Page 14