REGISTERED COMPANY NUMBER: 10191545 (England and Wale•) REGISTERED CHAIUTY NUMBER: 1167382 REPORT OF THE TRUSTEES AND Fll¥ANCTAL STATEMEI¥TS FOR THE PERIOD ENDED 31 MAY 2025 FOR BLOODHOUND EDUCATION LTD •AEFc•D4W* 1511112025 COMPANIES HOUSE A03
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BLOODHOUIND EDUCATION LTD CONTENTS OF THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MAY 2025 Pagc Report of the Trustees Ito4 Independent Examinels Report Sta*rnent of Fin8Dcial Activitics Balance Sheet Notes to th¢ Financial StaicmentS 9t013 Detailed Staiement of Financial Activities 14
BLOODHOUiYD EDUCATION LTD REPORT OF THE TRUSTEES FOR THE PERIOD ENDED 31 MAY 2025 Th¢ tswtces wbo are also directr)rs of the charity for the purposes of the Companie5 Act 2Crf)6, present tbeir report with the financial statements of the charity for the period ended 31 May 2025 OBJECTIVES AND ACTIVITIES Objec¢8 of the chgrlty The aim of the charity is to advance education for the public benefit ID s¢ience. te¢lmology, cnginceTing and mathematics (STEM). Ii delivers this through promoting intert in STEM at all levels from primary school to higher ¢ducation and 3ppr¢nticeship$- providin8 a programme of educational activities that stimulate an interest in thosc subjects by virNe of links to real engineering projects including Bloodhound. Particululy important is our focus on environmentsl subjects where we invesliga¢¢ subjects where we generate electrical energy using wind power. water flow and otber sustainable solution5. These On-line projects. workshops, after scbool clubs, fan)ily experiellces and STEM ¢amps give young people from all backgrounds the opportunity to learn from engineers and technical specialists Crom industry, puttin8 their learning into practice and mgkin8 the link between the classroom and potential STEM careers. They also encourage the development of life skius required for thc world of work. The cbarity increases the reach and irnpacl of its activities through collaboration with like-miDded organisalions drawn from tbe private, publi and similarly motivated organisations. Publ1¢ benell¢ The Trnst¢es are confident that the activitie5 of the charity hlly meet th¢ rcquirements of th¢ Charity Commission o delivery of public benefit. The trustees have received feedback from students. ¢¢aGhers. parents, local authorities aDd our education partners wbicb show that the project and its workshops bas ¢r¢at¢d a sustained interest in STEM subjects. All partners, particularly local 8ovenllnenl, recognise the value real projects like Bloodhowid provide5, for STEM en8ag¢meni both ID schools and the widcr benefit kn th¢ community. STRUCTURE, GOVERNANCE AND MANAGEMENT Constitution Bloodhound Educution Ltd is a rompany limited by guarantee, number 10191545 and a registered chArity, number 1167382, governed by its Memorandum and Articles of Association. The tharity was in¢orpor4t¢d irt May 2016 and modified its name to Bloodhound Fthcatson Ltd in 2019. Oryinl%xtlonl Structure Tbe affairs of the charity 8r¢ Supervised by a board of Trustees. The Memorandum and Articles of Association provide for a mioimum of four and a maximwn of eighteen Trnslees. The members have each guaranteed to contribute up to £1 O tr) the assets of the Tnt in the event of its liquidation whilst th¢y are a member and for one year after ceasing to be a member. Recrultment #nd 4ppothtment of New Trusteej The Board may appoint new Directors a5 it so wishes. Pot¢nti81 new Directors are initially interviewed by the Chair and a small delegation of wAisting Directors. Chongefy to Trustees There havc bcen no ¢haD8es Truses this yev. Induction and training of new Tru5tee$ New trsleeS receive a copy of the company's Memorandum and Articles. appropriate Charity Commission booklets, the latest sct of Trustees, minutes and the last set of financial statements. They are introduced to kcy staff and the organisation. Structure and programming of activities ar¢ explained to them, and they are invited to visit the team at school and community events to experience the activities in person. Man#gement Day to day managemeat of the ¢harity is del¢gated to the Chief Executive Officer (CEO), who operates within the strategtc plan arid fmancial budgets agreed with thc Trustees. The Gharity has restructured so that staffing levels malth the current workload while Maintaining anumber of sp¢¢ialists who are able to advise on content and deliver the revised and workshops. The CEO continues to be responsible for fid raising and actively involved io the delivery of projects and reporting back to the 8rant funders. The Cbief Executive Tegularly consults with the Chair of the Trnstees. and rem to the Board at regular intervals. Page I
BLOODHOUND EDUCATION LTD REPORT OF THE TRUSTEE& TO UPDATE FOR THE PERIOD ENDED 31 MA Y 2025 Mn4gement continued The Cbief Executive also consults with specialists and members ol the team developing and d¢livering the STEM edu¢ational &ctiviti¢s and progrAmm¢s. A full review and upda of Bloodhound Ethication policies has tsken place during tbis period including safeguarding, complaints. equality attd diversity, fraud bribery & comwtioo. data protection. business continuity, event and rustom¢r cancellalion, risk management. health & safety, behaviour, complaints. The staff code of conducl management of volullleers and procedure for safe rccruiiment have also been updated. All risk assessments have beeD reviewed by the h¢41th aDd safety officer as part of the annual review and risk assessments developed for new a¢tivits'e8. Staff have had the opportunity lo attend training and develop their skills in safeguardin& inclusion for children with special educational t)eeds, paediatric first aid. and food allergens. Volunteers are updated on new activities they support And Any changes in policy. Enhanced DBS ¢heck5 and rccords for staff and volunteers are monitored and updated as requiIed Operltfon Face lo face school cu8a8emcnt has growi during thi8 period particularly from secondary schools accessing h&nds-on engineering ¢balleuges. to build Confidence. put Icarning into practice and m&ke the link between tbe classroom and areer pathways. This was made possible by grants, particularly the knGonic FoundatioD, Most scbools coDtiDu¢ to18¢k funds for thesc activities and delivery has only beeo possible tbrougb obtaining alternative funding, whicb primarily focusses on schools with high numbers of disadvantagcd young people or other miDority groups particularly those with special cducalional n¢cd8 andlor disabiliti¢8. The community and family progra0e5 which form a larg¢ proportion of our operational a¢tivities are in partnership witb Gloucestershire and South Gloucestershire Councils. Thcse have grown again this yeaT to match local demand for our unique design alld build projects within th¢ Holid8y Activities and Food (HAF) progrmmrne and run across the main holidays and are based in locations from the North Cotswolds to Bristol. We are the community connectors in Stroud and The Cotswolds acting as a key link for vulnernble and disadvantaged families who need support to access these tivities. The Short Breaks programmes wbicb had been developed io inGludc young peopl¢ with sp¢cial educatioD81 needs and disabilities have also continued lo grow aud cxpand into rurlll areas in The Foresi of Dean and NoTth Cotswolds wheTe th¢rc 15 a 8Jp in provision. Active lrnpacl have recognised our work by uaming us as recipients of an OCWC Pioneer Award. The charity attended several 14rgc STEM ¢du¢ation and family events with either the Sbow Car or the Modular Car. thanks to the conlinued logistics support of Arthur Spriggs. One of these weas in partnership with University of Leeds wbo showcased their engineering courses alottgsidc the Bloodbound activities carried out arou[ the Car. Another at Wistaston Academy in Crewc wh¢re au the pupils from Tecepiion to year 6 were able to get involved over the 2-day evenl. The largest event was a STEM event at Thorpe Park, organised by ACS International and w&$ attended by 10,0000 primary aDd se¢ortdary clLkldren. The Car was also on display al tbe CovcDtry Transport Musewn, University of Northampton, Gloucester and Chel¢cTrbam where visitors could have drop in talks around the Car and take part in activities littked to it. This period has seen developmenl and delivery of new workshops and activities to rnatsh the rcquiremcots of schoo18 and local authorilics, Ihis includes families, home educators, special educational needs. We bave extended our reach by partnering with the local authoritie5 to run activities at community hubs acros8 Gloucestershire and South Gloucestershire ensuring families who h3v¢ limited access to transport cao attend. In August 2025. SGS sold their part of the old Berkeley nuclcar site to Cbiltern Vital who plan lo update the builditigs and develop partnerships witb companies involved in nuclear generation including Britlsb Nuclear Energy. There are opportunities for Bloodhound Education to be a. partD¢r and in¢orporate th¢s¢ llew t¢chnologi¢s into our outreach activities. The cbarity bas becD PTovidcd with fa¢ililies by our major education partner Spriggs & Sons in Tewkesbury. Rl$k and uncertalnties The Board of Trustees continue to review the strategy. the risk analysis, &sso¢iat¢d procedures and sYsten in place. The plan defining the closure activith'es for the charity shoutd il be nerSary, includes the figure for the ttdS to support any outstsnding commitments. Page 2
LOODHOUIW EDUCATION LTD REPORT OF THE TRUSTEE& TO UPDATE FOR THE PERIOD ENDED 31 MAY 2025 Risk and uncertainties ¢ontinued The Charity will ¢ontinu¢ to seek grants and other sources of fimdin8 to enable it to prc*vide the necessary resources 10 deliver workshops Thcrc has been aD in¢reAse in the Dumber of enquiries which re-affirnis the continued interest ill Ihe activities. Some teachers are finding it difficult to allocate tUDds and space to Tun our wothshops. Fund raislng Funds are raised through industy donations, chaTity grants, cdu¢a¢ion partDcrship5 and from schoo15 ¢ontribu¢ing tOWdS the cost of delivering the activities. DuLitig the period, we continued to be supported by Gloucestershire and South GloucesteT5FLire Councils, Millennium Point Tnt and Arthur Spriggs Sons. Parthcrships ¢ontiDue with The RAF STEM Team, Oundle School and Swansea University. We secured 8rants from a variety of sources including The Ar¢onic FowidatioD, Cotswold Council, Stroud Council, Artiv¢ Impa¢t, Gloucestershire C4)mmunity Foundation, The Ironmongcrs Federation, Rotary. We nltit]n our contact with previous sponsors discussing opportunities lo partner on tyre projects. AcHlEVEhNTs AND PERFORMANCE Educ&tlon Activltles This period saw tbe ch&rity uttcDd 148 ¢vent8, 0 slight increase in activity levels of the previous year.. Overall engagement was 31,000. 15.000 tljrough fa¢e-to fa¢e activities and 16,000 online. There was an in¢rease ID fa¢e-to-fa¢e ¢ngagem¢nt at secondary h0o13, with teacbers seeing the value both in the hands-on learning and development of wider communic8tion and work ski115. Secwing available space to run activities at schools continu¢s lo a ¢ball¢nge for teachers timetsbling and we havc bccn vcry cfflltivc and flcxible to maximi engagerncrkt opportunities. Our parth¢r8 hav¢ made it possible to incrwe our reach through their deliv¢ry of Bloodhound workshops in their local area5. Community outreach wilh local authority parthers grew over this period to support the need$ of disadvantaged youn8 people who may not hjvc access to STEM activities and siu'lls developmenl opportunities through school. Many of these activitics were delivered in Community hubs as part of the HAF (Holiday and Food for families) prograrnmes which ran during the main school holidays. We were inviled to speak to all local authorities as part of the DIE (departmcni for education) bil¢size e-meetings to share good practice to otheT regions. The Short Bre8ks programmc for children and young peopl¢ with special education needs and disllbililies also expanded into nwal areas of tbe north Cotswolds and Forest of Dean to znect the gap in currenf provision. Our wonderful Bloodhound volunteer Ambassadors have been tive over thi$ perio4 supporting our activities And ninDill8 BloodhouDd ¢v¢nts lorally in their area. Participants and or8anisers arc agreed that they are iDvaluabl¢ in providing opporttujitics ¢0 meet real engineer5 and making the link between school and career pathways. Ambassadors bave support¢d over 60 events this year wbere tbey can sbare their personal insigbt iDto the world of ¢nginKring. Th¢ir support aod industy insights provide a level of understanding and enthusiasm for tbe subjecL whicb is not possible with leaching stsff. Teachers and parents have accessed the free resourtts wbich includes presentations and videos on our website and social media ¢bann¢ls with an estimated reacb of16,000 over this period. Thcy have all iold u5 that th¢y rd it really useful to bave the support of our resources. Websi¢¢ u8¢r8 increased by 37Yo and Facebook followers by 21 0/0 during this period We retained our 13,300 X followers. All activities alld programmcs are d¢sign to be in¢lusive and to engage young people of all ages, backgrounds, acadwni¢ abilities and leaming styles. Feedback from participants, teachers, parents, Stakeholders continue to reinforc the positive impact of Bloodhound EdUtioll wolkshops on STEM engagement and aspirations of the children and yOiUl8 pcoplc partiripating in them. Targeted mailing goes to the local schools, community, Facebook and X groups, and the education parlners database, promoting au our activities. Page 3
BLOODHOUIYD EDUCATION LTD REPORT OF THE TRUSTEES FOR THE PERIOD ENDED 31 MAY 2025 Flnaneial Review and Reserves During th¢ period endrAI 31 May 2025 itirorn¢ was £170.866 and expenditure was £165,719 At 31 May 2025 total free reserve9 of the cbarity were £42,151 The b08rd decision lo sli8btly increas¢ pri¢¢s to ensure that the income would matrh the increase in operating costs. has not had a negative effect on the number of schools who wisb to book our savlces. Thc charity has continued io make a small surplus. CURRENT SITUATION & FUTURE PLANS The Board of TrnSte meet reglliarly and are actively involved in rnonitoring cbarity activities and its fi)nds. It recognises that nd raising levels will need be maintained lo conlinue to subsidise the deliv¢ry of activities and build re8arves. The focus tbis year will be to conlit)ue to engage with scbools who have funds and to expand partnerships with iodustry and local autboritics who aTe willing to jointly fimd activities either in school or communities where there are disadvaolaged youn8 people who do not have access to STEM Ac¢iviti¢s. It will also 8¢¢k funds lo dcv¢lop additioDaJ free curriculum linked resources for the website and to recruit additional ambassador volun¢cer8 via inslitutlODS ond new indu$ty partners. Tb¢ charity will work closely with local authorities to expand holiday programmcs which arc iDclusive lo young people with spe<ial educatioo needs and reacbin8 area$ where there 18 cuffently a lack of provision. The ¢b8rity will continue to gather f¢¢dba¢k by rnonitOTing all its activities to provide inforniation to infomi on futur¢ devcloprncnt and improvcmcnt. This report has beett prepared in accordance with the special provisions of Part 15 of the Comp)anies Act 2006 relating to Sm1 companies. Approved by order of the board of tsu8tee$ on 12 November 2025 and signed on its bebalf by.. C B Fairbead - Chair oltbe tNstces Page 4
BLOODHOUND EDUCATION LTD REFERENCE AI¥D ADMII¥ISTRATtVE DETAILS FOR TKE PERIOD ENDED 31 MAY 2025 Reglitered Company number 10191545 (Ensland and Walc5) Registered Charity number 1167382 Reglsttr¢d offltt Ground Floor Building Cl I Glou¢¢stersbire Science and Technology Park Berkeley Green Glouce51ersbire GL13 9FB Trustees Mr. C. B. Fairhead Mr M. Robinson Mr. B. J. Evalls Mr5. D. R. Fitt Company Secretary Mr5 N Nanayakkara Independent Examiner Subbash Ganatra FCCA Marble Hill Chartered C¢rtifi¢d Ac¢ount8nt8 193 RIC170nd Road St Margaret's T.wickenham TWI 2NJ Page 5
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BLOODHOUND EDUCATIOIY LTD Independent examiner's report to the trustees of Bloodhound Education Ltd ('the Company,) I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 May 2025. R¢$poD$lbilltle$ and b•$ls of report A8 the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparntion of the accounts in aaordance with the requirements of the Companies Act 2006 ('the 2006 ACV). Having satisfied myself that the accounts of tbe Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under the Charities Act 2011. section 145 ('the 2011 Act,). In CIDg out my examination I bave followed the Directions given by the Charity Commission under section J45(5) (b) ofthe 2011 ACL Independent examlner's statement I have corttplcled my examyall0D. I confjrm that no matteTh have come to my atteDtion in ¢oDncction with tbe examination giving mc cause lo believe: accounting record5 were not kept in respect of the Com¥aDy as requiied by sectiOD 386 of the 2006 Act. or the accounts do not accord with those records; or the accounts do Dot mplY with thc accounting rwuiremcnts of $c¢tion 396 of the 2006 Act other than any requirement tha¢ the accounts give a tNc and fair vicw which is Dot a mattu considered as part of an ind¢pgndcnt examination: or the accounls bave nol been prepared ID accordance witb the methods ayjd priociples of Ilje Statement of Recommended Praclicc for accounting and reporting by charities applicable to charities preparing their accounts a¢¢ordan¢e with the Financial Reporting Stsnd8rd applicable in th¢ UK and Republic of Ireland (FRS 102). I have no concerns and bave come across no other matters in cotmection with the examination to which attention should be drnwn in ihis report in ord¥ to ¢nabl¢ a proper understanding of the accounts to be reached. Subbash Ganatra FCCA Marble Hill Chartered Certified Accountants 193 Richmond Road St margets T.w.icketiham TWI 2NJ Date.. 12 November 2025 Page 6
BLOODHOUIW EDUCATION LTD STA TEMENT OF FllyANCIAL ACTIVITIES (INCORPORATllYG AN IIYCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 IKAY 2025 2025 Totsl funds 2024 Totsl funds Unrestri¢t¢d funds Rc5tri¢t¢d funds Notes ll¥COME AND ENDOWMENTS FROM Donatiolls and legacies Ch4ritabl¢ acti¢1¢$ Education events 46,928 46.928 41,381 118209 118.209 121.829 Other income- Government grants Total EXPENDITURE ON Charitable Activities EY¢nts, Exhibition Costs & mat¢rial8 165 719 165 719 166 345 Totil NET INCOMEI{EXPENDITURE) 5.147 5,147 865 TraD$fer$ between funds Net movement In funds 5,147 5,147 865 RECONCILIATION OF FUNDS Total fund$ brought forward 37.004 37,004 36,139 TOTAL FUNDS CARIUED FORWARD CONTIIYUING OPERATIONS All iti¢om¢ and exp¢nditure has arisen from ¢ontinuing a¢tivities. Page 7
BLOODHOUND EDUCATION LTD BALANCE SHEET AT 31 MAY 2025 2025 2024 Notes FIXED ASSETS Tangible assets 10.775 12,024 CURREKf ASSETS Stock Debtors C&sh at bank and in band 1.721 3,849 49,956 2,270 8,574 50.341 io Total Current Assets 55,526 61,l85 LIABILITIES Creditors: amounts falling due wiihin one year (24,150) (36.205) NET CURRENT ASSETS 31,376 24,980 NET ASSETS £42,151 £37,004 THE FUNDS OF THE CHARITY Unres¢ricl¢d fund8 12 42,151 37.004 Re8trl¢ted fuDd$ TOTAL CHARITY FUNDS £37,004 The charitable company is entitled io ¢xemption from audit under Section 477 of the Companies A¢¢ 2006 for the period ended 31 May 2025. The members have not required the ¢bari¢able company to obtain an audit of its financlal statements for the period ended 31 May 2025 in accordance with Section 476 of ihe Companies Act 2006. The trustees acknowledge tbeir responsibilities for (a) enswing that the charitable company keeps accounting records that comply with Srxtions 386 and 387 of the Companies Act 2006 and prcpaiing fuwicial statements which give a true and fair view of the state of affairs of the ¢lwitable company as al the end of each financial year and of its surplus or deficit for each fmancial year in accordance with the requirements of SectAons 394 and 395 and which otherwise comply with the requirements of the CompaNes Acl 2006 relatin8 lo fanCIal stat¢tn¢nts, 50 far as applicablc to the charitable company. (b) These financial statements have been prepared in accordanGe with the special provisions of Part 15 of the Companies Act 2006 relating to $llll ch8ritable compahies. The financial statements wcrc approved by the Board of TnLStees on 31# October 2025 and were signed on its behalf by: C B Fairhead -Trustee Page 8
BLOODHOUIW EDUCATION LTD NOTES TO THE FINANCIAL STA TEMENTS FOR THE PEIUOD ENDED 31 MA Y 2025 AcCOuNTG POLICIES Bgsts of preparing tb¢ finant121 statements The financial ststements of the charitsble company, which is a public benefit entity under FRS I Q2, have beeD prepad in a¢cordanee with the Charities SORP (FRS 102)'Accouniing and Reporting by Charities.. Ststement of Recommended Practice applicable to charities preparing their acGounts in OrdanCe with the FillclaI Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (issued in October 2019) and th¢ Companies Act 2006. The fmancial statements have been prepared under the historical cost convention. Colng concern At the time of approving the accounts, the director51irustees have reasonable expectations that the charity has adequate resources to CODtiDue its operational activities for the foreseeable futtwe. The Trustees therefore continue to adopt the gotng ¢on¢ern basis of accounting in preparing the accounls. Income All income is recognised ID the Ststemenl of Financial Activities once the charity Iw entitlement lo the fimds. it is probable tbat the income will be receive4 and thc amount can be measured reliably. No amounts are iticluded in tbe fwanclal statcments for serviccs douatcd by voluDte¢rs. Income from government and otb¢r grants. whether '¢apital' grants or 'revenu¢' grants, 18 r¢¢ognis¢d wben the Cbarity bas eDtitl¢ment to the funds. aoy perfomian¢¢ Conditions 8ttacbed to the grants have b¢en m¢t. it is probablc that the incom¢ will be rec¢ived and the amount ¢0n be measured reliably and As not deferred. ID respect of th¢ furlougb grant; all ¢onditioDs, with respect to the eligible costs being claimed, have been met. Dontlon$ Donations are assurned to bc unrc5trictcd in their applic8tioD unless Otherwi prcscribcd. On receipt, donat¢d assets are recognised on the basis of the value of the gift to the ch8rity which is the amowit the cbarity would have been willing to pay to obtain OD the opett mark¢t' a ¢orre8ponding amount is then recognised as fixed asset in the period of receipt. Expendlture Liabilities are recognised as expenditure as soon there is a legal or constructive obligation conmiittin8 the charity to that expenditure, it 15 probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can bc measurcd reliably. Expendilure is arcountcd for on on ¢rUN]S basis and has be classified under headings thal aggregate all cost relaled io the c8legory. Where costs catmol bc directly attributed to particular headings, they have been allocated to acllvities on a basis consislet)t with the use of resources. AlloeArfon of support cost$ Support costs are allocated bctwccn fwidraising trading and charitable activities. Tangible fixed assets Tnble fixed assets are ststed at cost less depreciation. Tox otstys Tbe charity is exetnpt from corporation tax oll its cbaritsblc activities. Fln#n¢ll Instruments The Cbarity only ha5 financial assets aDd financial liabiltties of a kind that qualify as b&8ic financTal instruments. Basic financial instnllnellts. iocluding trade and other debtors and creditors are initially recognised at transaction value and subsequently measured at their settlcment value. Fund c¢ountlDg urtricted fidS can be used in aOrdre with th¢ ¢haritsbl¢ obj¢¢tiv¢8 at th¢ diretion of the tru8le¢8 Designated funds ate set asidc by the dir¢¢totS out of the UDfc5triGled in¢ome funds for 5p¢Gific purpose5 or proj¢¢ts. Reslricted fjjnds can only be used for particujar restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds ar¢ r8ised for particular restricted purposes. Page 9
BLOODHOU1 EDUCATION LTD NOTES TO THI FJNANCIAL STATEMENTS- CONTINUED FOR THE YEAR ENDED 31 MAY 2025 DONATIONS AND LEGACIES 2025 2024 Donatioos and gifts Grants 282 2,552 INCOME FROM CHARITABLE ACTIVITIES 2025 2024 Activity Studio$, productions 8nd evcnts Educations ¢v¢nts 121829 118209 121829 OTHER I]YCOME 2025 2024 Governm¢nt grants CHARITABLE ACTIVITIES COSTS- CURRENT YEAR Dirccl costs Support osts (See note 5A) 2025 To¢als Events, Exbibition Costs & materi31s Staff costs Tr4vclling Centre rerb15hMenI ¢osts Professional Fees Deprcciaiion red asset8 Other support costs Sundrfte$ 56,046 56,046 99,442 48 916 2,263 1,249 5,702 53 99,442 48 916 2,094 1,249 5,702 53 169 109 456 165 719 SA. SUPPORT COSTS - CURRENT YEAR Governa n¢e Costs Other Costs 2025 Totsls Staff costs Professional Fees Sundries 99,442 1,200 53 99,442 2.094 53 894 894 100 695 101589 Page 10
BLOODHOUI¥D EDUCATION LTD NOTES TO THE FllYANCtAL STATEMENTS- CONfiNUED FOR THE YEAR ENDED 31 MAY 202S CHARJTABLE ACTtVlTIES COSTS- PRIOR YEAR Direct costs Support costs {S¢c oo¢e 5A) 2024 Totals Events. Exhibition Costs & materials Staff costs Travelling Centre refiwbishment costs Professional Fees Depreciation fixed assets Other support costs Sundri¢s 56,676 56,676 99,249 534 4l4 2,246 1,561 5,521 144 99,249 534 414 2,123 1,561 5,521 144 123 57.333 109.012 166,345 SA. SUPPORT COSTS - PRIOR YEAR Gov¢rna n¢e costs Other costs 2024 Totals Stsff costs Professional Fees Sundries 99.249 1.200 99,249 2,123 144 923 923 100 593 101516 NET IIYCOMEIIEXPENDITURE> Ncl incomcl (Cxpenditurc) is Stalcd aftcr ¢har8inW{crediting)'. 2025 2024 ld¢pendent Examiner's fee8 TRUSTEES, REMUNERATION AND BENEFITS There were no tnsstees, remwierdtioD or oth¢r benefits for the year ended 31 May 2025 nor for the year ended 31 May 2024. Tru$te¢$' exp¢n6es There were no ISleeS, eXpSe5 paid for the y¢ar eDded 31 May 2025 nor for the year ended 31 May 2024. STAFF COSTS 2025 2024 Wages and salaries Social scGurity costs Pension cx>sts 92.705 5,038 91,236 6,302 Page 11
BLOODHOUND EDUCATION LTD NOTES TO THE FINANCIAL STATEMENTS- cO[NuED FOR THE YEAR ENDED 31 MAY 2025 STAFF COSTS- CONTINUED The average number of ]1-lime and part-time staff during the year was as follows: 2025 2024 Managers Operations The number of employees within thc ¢haTity P8id more than £60,000 in the year are analys¢d as follows.. 60,001- £70.000 70.001- £80.000 TANGIBLE FIXED ASSETS Plant & Machinery Cost: At I st June 2024 Adth'tions Disposals 22,142 Ai 3 1st May 2025 22,142 Depreel*tloD: At Isi June 2024 Char8e for the year Eb'minaled 10,118 1,249 Ai 31 st May 2025 11,367 Net Book Vglu¢: 31sl May 2025 10,775 31st May 2024 12,024 10. DEBTORS 2025 2024 Debtor5 Other debtors & Prepayments 3.015 834 6.239 ii. CREDITORS: AMOUNTS FALLJNG DUE WITHIN ONE YEAR 2025 2024 Trade creditors AccrLials and d¢ferred income &)cial security and other taxes 4.288 15.540 2.848 26,870 Page 12
BLOODHOUND EDUCATION LTD NOTES TO THE FINANCIAL STATEMENTS- CONfINUED FOR THE YEAR ENDED 31 MAY 2025 12. ANALYSIS OF NET ASSETS BETWEEN FUNDS 2025 Totsl fuDds 2024 Total fundg Unrestricted fund5 Rcstricted funds Tangible assets Current &5sets Current iiabi]ities 10,775 55,526 10,775 55.526 12,024 61.185 13. MOVEMENT IN FUNDS Nel movement Transfers ID funds between funds At 1.6.24 At 31.5.25 Unrestricted funds General fund TOTAL FUNDS Net movement io funds, io¢luded in tbe above are as follows: Inconiing resources Resources expendcd MoverneDt in funds Unrestricted funds General fund 170866 165 719) TOTAL FUNDS 170 866 165 719) 14. CONTINCENT LIABILITIES Th¥Y¢ w¢r¢ oo contin8enl Liabilities 8131 May 2025 (2024: £nil) 15. ULTIMATE CONTROLLKNG PARTY There is no uliimate controlling party. Page 13
BLOODHOUND EDUCATION LTD DETAILED STATEMENT OF Fll¥4ANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MAY 2025 2025 2024 INCOME AND ENDOWMENTS Don9tlon5 %nd leg4¢1¢1 Donations and gifts Grants 282 2.552 46,928 41,381 Choritable activities Education eveDts 118209 I18,209 121829 121,829 Other In¢Drnt Govenunent grants 4,iJ)O Total In¢oming r¢sourc¢s 170 866 167210 EXPENDITURE Charitable activities Events, Exhibiiion Costs & materia18 Travelling Professional Fee5 56,046 48 169 56,263 56,676 534 123 57,333 Support tosts Oih¢r Staff costs, social security & pensioll Centre costs Other support costs D¢pr¢¢iation fixe4188$¢ts 99,442 916 5,702 99,249 4l4 5,521 107,309 106,745 GovernAnce Costs Independent Examiner's fees Accountancy fees for other work Sundries 1,200 894 53 1,2(Kl 923 Total re50urees expended 166 345 Net IDeomel(e%p¢ndltyre) 865 Page 14