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 #101 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 inter￿t 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%xtlon*l 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 Tn￿t 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 ￿ Trus*es this yev. Induction and training of new Tru5tee$ New tr￿sleeS 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 fi￿d 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 M*n4gement 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 progra0￿￿e5 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 ner￿Sary, 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 tOW￿dS the cost of delivering the activities. DuLitig the period, we continued to be supported by Gloucestershire and South GloucesteT5FLire Councils, Millennium Point Tn￿t 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 n￿ltit￿]n our contact with previous sponsors discussing opportunities lo partner on ￿tyre projects. AcHlEVEh￿NTs 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 r￿d 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 EdU￿tioll 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$ty partners. Tb¢ charity will work closely with local authorities to expand holiday programmcs which arc iDclusive lo young people with spe Ncl incomcl (Cxpenditurc) is Stalcd aftcr ¢har8inW{crediting)'. 2025 2024 l￿d¢pendent Examiner's fee8 TRUSTEES, REMUNERATION AND BENEFITS There were no tnsstees, remwierdtioD or oth¢r benefits for the year ended 31 May 2025 nor for the year ended 31 May 2024. Tru$te¢$' exp¢n6es There were no I￿SleeS, eXp￿Se5 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