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
#1

BLOODHOUIYD EDUCATION LTD
CoNTE￿s 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
Bal￿re 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 apprentI￿shIps. 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 cl￿rooM 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 lik￿mInded
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 s￿dents, le￿hers, parert￿ local authorities and
our education parthers which show that th¢ project and its workshops h&% crealed a sustained inlereyt in STEM subj￿IS.
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 T￿cIv¢ 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 Co￿8￿lts 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¢g￿eYdIn&
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 offI￿r ￿ 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 p0rticul￿1Y from S￿ond￿ry 5th001s gcce55ing h￿d5￿n
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 prOj￿ts 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 partiCul￿lY 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 fi￿d5 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 r￿0￿￿S 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.
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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 GIOu￿St¢r$hlr¢ Councils. The
Aluminium Federation. milla￿lUm 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 S￿nsorS discussing opporti￿]tie5 to pather on fullwe projects.
ACHIEVEMENTS AND PERFORMAJ¥CE
Ed￿tatIon 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 handS￿n 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 b￿C 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 tra￿port costs. we value iheit
sUp￿rt 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 ￿'C￿t￿, tcochcr trnining, and on. lin¢ ro*Jourcev￿ 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 fL￿d 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 al￿￿0 ￿￿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 Clo￿VelY 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 0￿C[S South
GIouccJtCf4trbiro aod Stroud bal'e ￿0[d the r￿lte 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 ..... ... De￿mber 2024 and signed on its behalf by:
C B Fairh¢8d -
Chair of th¢ trustees
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Bi￿ODHOU￿D 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
STATE￿￿NT 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 m￿veMent 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 state￿ettts 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 a￿Ordance 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 -Tn￿tte
Page 8

BLOODHOUND EDUCATION LTD
NOTES TO THE FINANCIAL STATEMEiYrs
FOR THE PERIOD ENDED 31 MAY 2024
ACcoU￿riNG 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$t ¢onvention.
Going concern
At the time of approving th¢ accounts, the directors An)ste£s have reasonable expectslions that the ¢h8xity has
adequate rcsourecs to conlirtue its operational aciivilies for thc torese¢able future. Th¢ Trustees therefor¢ continue
to adopt the going concern ba3is of accounting in preparing the accounts.
Income
All income is recognised in the Ststemcnt of Financial A¢livili¢s once th¢ charity has entitlement to the funds, il
is probable that the income will be received. and the amounl can be measured reliably. No amounts are included
in the financial statements for services donated by volunteers.
Income from govemmenl and other grants, wh¢ther 'capitsl' gTanl3 or 'revenue' grants, is recognised when the
charity h&8 entitlementto the funds, any performonG¢ conditions attached to the grants have been met. it is probablc
that the income will be received and the amount can be measured reliably and is not deferred. In res￿£ of the
fiwlough grant. all conditions, with T￿peCt 10 the eligiblc costs being claimed, have been meL
Donatio•g
Donations arc assumed to be unresiricled in th¢ir application unle53 Otlicrwis¢ prcscribcd.
On r¢ccipl. donal¢d assets are reco&nised on the b&sis of the value of the gift to the charity which is the amount
th¢ charity would h&v¢ been willing to pay lo obtain on the open market: a coTh¢spondin8 amount is then rewgThised
08 fixed &8SCt in the period of rcccipt.
Expenditure
Liabilities are recognised &8 exp¢nditure as s(Ksn ￿ there is a l¢881 or constryctive obligationcommittingthe charity
to that expenditu￿. il is probablc that a transfer of economic benefits will be required in settlement and the amow
of the obligation clln be measured reliably. ExpendiDJr¢ is accounted for on an &￿tualS basis and has been
classified under headings that aggregate all cost related to the Gate80ry. Wh¢re costs ¢anno¢ be dire¢tly attributed
to particular headin8s• they have been alloca￿d io activities on 8 b￿1$ 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¢ Unr￿rIcted income funds for specific purposes or
projects.
Restricted fun(i% can only be ￿ed for particular restricted purposes within the obJ￿ts 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- co￿l￿uED
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 & materI￿S
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- COl￿1NUED
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
an￿ySed 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 fi￿dS
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￿ El￿OWMEI¥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