2021-01-31-accounts

1.	Reportofthe Board ofTrustees	2
2.	Reference and administrative details	14
3.	Statement ofTrustees' responsibilities	15
4.	Independent auditors' report	16
5.	Consolidated statement offinancial activities	21
6.	Consolidated and Charity balance sheet	22
7.	Consolidated and Charity Statement of change in equity	23
8.	Consolidated Cash Flow Statement	24
9.	Notes to the financial statements	25

15/07/2021

		Unrestricted	Restricted	Total	Total
		Funds	Funds	31 Jan 21	31 Jan 20
Income:	Notes	£	£	£	£
Income from donations & legacies
Donations and gifts	2	1,553,967		1,553,967	1,956,081
Income from charitable activities:
Grants	3		382,518	382,518	64,202
Operation of establishment		553,259		553,259	849,489
Rental income		29,959		29,959	44,938
Other trading activities
Commercial trading operations		498,292		498,292	1,028,873
Other income	4	172,968		172,968	178,862
Total		2,808,445	382,518	3,190,963	4,122,445
Expenditure
Raising Funds
Fundraising costs of donations &
gifts	6	235,945		235,945	363,226
Commercial trading operations	6	663,147		663,147	903,688
Charitable activities
Operation of establishment and direct
charitable expenditure	6	2,991,268	229,057	3,220,325	3,166,764
Total	6	3,890,360	229,057	4,119,417	4,433,678
Net (expenditure)/income		(1,081,915)	153,461	(928,454)	(311,233)
Transfers between funds		410,074	(410,074)
		(671,841)	(256,613)	(928,454)	(311,233)
Funds brought forward at 1 February	18
2020		2,847,066	6,566,795	9,413,861	9,725,094
Funds carried forward at 31 January	18
2021		2,175,225	6,310,182	8,485,407	9,413,861

as at 31 January 2021
		Group	Group	Charity	Charity
		2021	2020	2021	2020
		£	£	£	£
Fixed Assets
Tangible assets	11	8,421,784	9,047,174	8,421,784	9,047,174
Investments				4	4
Live exhibits		67,668	67,668	67,668	67,668
		8,489,452	9,114,842	8,489,456	9,114,846
Current assets
Stocks	13	50,912	47,617
Debtors	14	293,691	184,673	410,189	109,878
Cash atbankand in hand		1,002,664	646,244	360,836	84,991
		1,347,267	878,534	771,025	194,869
Creditors: amounts falling due within one year	15	(605,858)	(566,678)	(367,024)	(803,622)
Net current assetsl(liabilities)
		741,409	311,856	404.001	(608,753)
Total assets less current liabilities		9,230,861	9,426,698	8,893,457	8,506,093
Creditors: amounts falling due after more than one year	15	(745,454)	(12,837)	(745,454)	(12,837)
Net assets		8,485,407	9,413,861	8,148,003	8,493,256
Funds
Unrestrictedfunds	18	2,175,225	2,847,066	1,861,639	1,926,461
Restrictedfunds	18	6,310,182	6,566,795	6,286,364	6,566,795
Tota/funds		8,485,407	9,413,861	8,148,003	8,493,256

or the year ending 31 January 2021
	Unrestricted	Restricted	Total
	Funds	Funds
	£	£	£
At 1 February 2020	2,847,066	6,566,795	9,413,861
(Loss) forthe year	(671,841)	(256,613)	(928,454)
Total comprehensive (expenditure)	(671,841)	(256,613)	(928,454)
As at31 January 2021	2,175,225	6,310,182	8,485,407
	Unrestricted	Restricted	Total
	Funds	Funds
	£	£	£
At 1 February 2019	2,695,950	7,029,144	9,725,094
Profit/(Loss)forthe year	151,116	(462,349)	(311,233)
Total comprehensive income/(expenditure)	151,116	(462,349)	(311,233)
As at 31 January 2020	2,847,066	6,566,795	9,413,861

or the year ending 31 January 2021
	Unrestricted	Restricted	Total
	Funds	Funds
	£	£	£
At 1 February 2020	1,926,461	6,566,795	8,493,256
Profit/(Loss) forthe year	(64,822)	(280,431)	(345,253)
Total comprehensive income/(expenditure)	86,261	(280,431)	(194,170)
As at31 January 2021	1,861,639	6,286,364	8,148,003
	Unrestricted	Restricted	Total
	Funds	Funds
	£	£	£
At 1 February 2019	2,364,045	7,029,144	9,393,189
(Loss) forthe year	(437,584)	(462,349)	(899,933)
Total comprehensive (expenditure)	(437,584)	(462,349)	(899,933)
As at31 January 2020	1,926,461	6,566,795	8,493,256

Consolidated Cash flow statement For the year ended 31 January 2021
	Notes	2021	2020
		£	£
Cash flows from operating activities	24	(507,683)	395,932
Cash flows from investing activities
Purchase oftangible fixed assets			(92,374)
Interest received		113	206
Net cash (used) in investing activities		113	(92,168)
Cash flows from financing activities
Net receiptfrom / (repaymentofamounts due under) finance leases
Receiptfrom loans received		900,000
Repaymentof amounts due under loans		(38,075)	(15,025)
Loan interest paid		2,065	2,623
Change in cash and cash equivalents		356,420	291,362
Opening cash and cash equivalents at 1 Feb		646,244	354,882
Closing cash and cash equivalents at 31 Jan		1,002,664	646,244
		2021	2020
Analysis of cash and cash equivalents		£	£
Cash at bank and in hand		1,002,664	646,244

2. Donations and gifts
Unrestricted	2021	2020
	£	£
Individuals (including payments under GiftAid) and other	1,248,043	1,956,081
Local Restrictions Grants	16,500
Corona Virus Job Retention Scheme	289,424
	1,553,967	1,956,081
	-----	-----

		2021	2020
Restricted	Notes	£	£
Revenue Grants
Other	18	382,518	64,202
		382,518	64,202

4. Other income
Unrestricted	2021	2020
	£	£
Interest received from currentbank accounts	113	206
Consultancy and external managementcontracts	135,000	135,414
Service charge incomefrom buildings	14,471	21,626
Sundry income	23,384	21,616
	172,968	175,862

	2021	2020
	£	£
Turnover	2,375,303	3,371,052
Cost ofsales	(305,047)	(586,762)
Gross profit	2,070,256	2,784,290
Operating expenses	(2,067,442)	(2,193,901)
Operating (loss)/profit	2,814	590,389
Interest receivable, grantand sponsorship income	112	206
Interest payable and similar charges	(3,747)	(2,065)
Gift aid payment	(585,422)
(Loss)/Profit on ordinary activities after taxation	(586,243)	588,530
The aggregate ofthe assets, liabilities andfunds ofthe subsidiary was:
	2021	2020
	£	£
Assets	585,876	1,141,939
Liabilities	(578,411)	(548,231)
Shareholders Funds	7,465	593,708

	2021	2020
	£	£
Income	1,192,959	1,912,187
Expenditure	(953,997)	(1,508,617)
Net surplus	238,962	403,570
Giftaid paymentto Ocean Conservation Trust Limited	(237,000)	(403,400)
	1,962	170
The aggregate of the assets, liabilities andfunds ofthe subsidiary was:	2021	2020
	£	£
Assets	340,930	334,645
Liabilities	(10,999)	(6,676)
Shareholders Funds	329,931	327,969

			Operation of
	Support costs	Projects	establishment & charitable	Catering	Retail costs	Depreciation	2021	2020
			expenditure
	£	£	£	£	£	£	£	£
Fundraising costs	64,515	33,375	138,055				235,945	363,226
Commercial trading operations			235,224	317,980	109,943		663,147	903,688
Establishment/direct charitable	221,321	344,799	2,021,189	7,626		625,390	3,220,325	3,166,764
	285,836	378,174	2,394,468	325,606	109,943	625,390	4,119,417	4,433,678

	General	Governance	TOTAL	TOTAL
	Support	Related	2021	2020
	£	£	£
Wages & Salaries	167,683	96,195	263,878	300,349
Audit fees		21,888	21,888	13,486
Professional fees	70		70	83
Travel expenses				597
	167,753	118,083	285,836	314,515

also includes:
	2021	2020
	£	£
Depreciation
Owned Assets	625,390	622,193
Leased assets
Operating Lease Rentals	113,750	113,750
Auditors Renumeration
costs ofexternal scrutiny	20,000	13,325
non audit	875	3,500
Interest under finance lease agreements

Articles ofAssociation, as follows:
		Group	Charity
	2021	2020	2021	2020
	£	£	£	£
Travel		597		103
During the year an insurance premium of£3,200 (2020: £2,800) was		incurred in	respect of Trustees'	indem
(including officers and directors).
			2021	2020
			No.	No.
The number ofTrustees reimbursed for out of	pocket expenses were			2

	Group	Group	Charity	Charity
	2021	2020	2021	2020
	£	£	£	£
Wages and salaries	1,589,170	1,491,490
Social security costs	117,242	107,143
Other pension costs	41,730	37,667
Redundancy Costs
	1,748,142	1,636,300

2021	2020
No	No

	Group	Group	Charity	Charity
	2021	2020	2021	2020
	No	No	No	No
Charitable activities	44	41
Managementand administration ofthe Charity	7	8
Cost ofgeneratingfunds	47	52
	98	101

	Land &	Plant &	Equipment	Exhibit
Group	buildings	fixtures	& computers	enhancements	Total
Cost:	£	£	£	£	£
At 1 February 2020	13,733,317	5,621,862	925,364	1,880,804	22,161,347
Additions
Transfers
Disposals
At31 January 2021	13,733,317	5,621,862	925,364	1,880,804	22,161,347
Depreciation:
At 1 February 2020	5,779,543	4,724,600	768,095	1,841,935	13,114,173
Chargefor the year	320,774	237,644	53,995	12,980	625,390
Disposals
At 31 January 2021	6,100,314	4,962,244	822,090	1,854,915	13,739,563
Net book amount
At31 January 2021	7,633,003	659,618	103,274	25,889	8,421,784
Net book amount
At 1 February 2020	7,953,774	897,262	157,269	38,869	9,047,174

Charity	Land & buildings	Plant & fixtures	Equipment & computers	Exhibit enhancements	Total
	£	£	£	£	£
Cost:
At 1 February 2020	13,733,317	5,621,115	636,479	1,795,622	21,786,533
Additions
Transfers
Disposals
At 31 January 2021	13,733,317	5,621,115	636,479	1,795,622	21,786,533
Depreciation:
At 1 February 2020	5,779,543	4,695,082	508,048	1,756,686	12,739,359
Chargefor the year	320,771	237,644	53,995	12,980	625,390
Disposals
At 31 January 2021	6,100,314	4,932,726	562,043	1,769,666	13,364,749
Net book amount
At 31 January 2021	7,633,003	688,389	74,436	25,956	8,421,784
Net book amount
At 1 February 2020	7,953,774	926,033	128,431	38,869	9,047,174

13.	Stocks
			Group		Charity
		2021	2020	2021	2020
		£	£	£	£
Goods	for resale	50,912	47,617

4. Debtors
	Group	Group	Charity	Charity
	2021	2020	2021	2020
	£	£	£	£
Trade debtors	66,146	34,687	63,643	23,041
Other debtors	7,837	18,823		8,539
Prepayments and accrued income	219,708	131,163	128,894	78,298
Amounts duefrom subsidiary undertaking			217,652
	293,691	184,673	410,189	109,878

	Group	Group	Charity	Charity
Due within one year	2021	2020	2021	2020
	£	£	£	£
Trade creditors	98,744	268,159	29,476	26,241
Other creditors	21,962	23,059	1,842
Other taxation and social security	6,038	60,007	7,809
Finance leases and similar agreements
Loan	144,333	15,025	144,333	15,025
Accruals and deferred income	334,781	200,428	183,564	72,514
Amounts owed togroup undertakings				689,842
	605,858	566,678	367,024	803,622
Due after one year
Loans and borrowings	745,454	12,837	745,454	12,837

For the year ended 31 January 2021 16. Loans and borrowings
		Group		Charity
Non-current loans and borrowings	2021	2020	2021	2021
	£	£	£	£
Bank borrowings- due in 2-5 years	672,728	12,837	672,728	12,837
Bank borrowings - due over 5 years	72,726		72,726
	745,454	12,837	745,454	12,837

		Group		Charity
	2020	2019	2020	2019
	£	£	£	£
Not later than one year
Later than one year and not later than five years

18. Fund balances	18. Fund balances
Group:	Balance at	Incoming resources	Resources expended	Transfers between funds	Balance at
	1 February 2020				31 January 2021
	£	£	£	£	£
Restricted Funds:
Restricted capital grants	6,566,795			(410,074)	6,156,721
Restricted revenue
grants		382,518	(229,057)		153,461
	6,566,795	382,518	(229,057)	(410,074)	6,310,182
Unrestricted funds	2,847,066	2,808,445	(3,890,360)	410,074	2,175,225
	9,413,861	3,190,963	(4,119,417)		8,485,407
Charity:	Balance at	Incoming resources	Resources expended	Transfers between funds	Balance at
	1 February 2020				31 January 2021
	£	£	£	£	£
Restricted Funds:
Restricted capital grants	6,566,795			(410,074)	6,156,721
Restricted revenue
grants		291,862	(162,214)		129,648
	6,566,795	291,862	(162,214)	(410,074)	6,286,369
Unrestricted funds	1,926,461	1,197,101	(1,672,002)	410,074	1,861,634
	8,493,256	1,488,963	(1,834,216)		8,148,003

Restricted Revenue Grants	Balance at	Incoming	Resources	Balance at
	1 February 2020	resources	expended	31 January 2021
	£	£	£	£
Project Income - EMFF Devon Scallop		24,771	24,771
Project Income - Reverberations		4,000	4,000
EU Life Recreation ReMEDIES		106,313	106,313
MSC Eco Moorings		2,308		2,308
Other Grant Income		29,470	7,835	21,635
HLF - Green Challenge Recovery Fund		125,000	19,295	105,705
Defra Zoo Animals Fund		90,656	66,843	23,813
		382,518	229,057	153,461

	Restricted Funds	Unrestricted Funds	Total
	£	£	£
Tangiblefixed assets	6,156,721	2,265,063	8,421,784
Live exhibits		67,668	67,668
Currentassets	82,484	1,264,783	1,347,267
Creditors (inc longterm loans)		(1,351,312)	(1,351,312)
	6,310,182	2,175,225	8,485,407

			Group
		2021		2020
	Land	Other	Land	Other
	and	operating	and	operating
	buildings	leases	buildings	leases
	£	£	£	£
Within one year-	105,000		105,000	33,674
Between two and five years-	420,000	14,410	420,000	14,410
Morethan five years	10,010,000	-	10,115,000
	10,535,000	14,410	10,640,000	48,084

		Charity	Charity
		2021		2020
	Land	Other	Land	Other
	and	operating	and	operating
	buildings	leases	buildings	leases
	£	£	£	£
Withinone year	105,000		105,000
Betweentwoandfive years	420,000		420,000
More thanfive years	10,010,000	-	10,115,000
	10,535,000	-	10,640,000

	Charity continuing	operations
	2021	2020
	£	£
Grant income	291,862	64,202
Operating expenses	(1,834,216)	(1,728,123)
Other income	1,197,101	766,611
Operating loss	(345,253)	(897,310)
Interest payable		2,623
Interest receivableand similar income
Deficit ofexpenditure over income for the year	(345,253)	(899,933)
		Charity
		£
Total funds at 1 February 2020		8,493,256
Excess of expenditure over incomefor the year		(345,253)
Totalfunds as at 31 January 2021		8,148,003

	2021	2020
	£	£
Netoutgoing resources for the year	(928,454)	(311,233)
Depreciation oftangiblefixed assets	625,390	622,193
(lncrease)/decrease in stocks	(3,295)	14,178
(increase)/decrease in operating debtors	(109,018)	(35,778)
lncrease/(Decrease) in operating creditors	(90,128)	109,401
Interest receivable	(113)	(206)
Interest payable	(2,065)	(2,623)
Net cash inflow from operating activities	(507,683)	395,932

				At1		At 31
				February 2020	Cash- flows	January
						2021
				£	£	£
Cash				646,244	356,440	1,002,664
Loans	falling	due	in one year	(15,025)	(129,308)	(144,333)
Loans	falling	due	after more than one year	(12,837)	(732,617)	(745454)
				618,382	(505,485)	112,877

In Respect of:	Amount	In Respect of:	Amount	Year End	Year End
	Incurred		Received	Balance	Balance
				2021	2020
Creative design	Nil	Creative design	Nil	Nil	Nil
services		services
Fundraising	Nil	Consultancy	Nil	Nil	Nil
Educational visits and corporate	Nil	Educational visits and corporate	Nil	Nil	£1,206
events		events
Professional fees	£2,734	Legal advice		£174	£1,670

asfollows:
Group	2021	2020
	£	£
Excess ofcapital allowances over depreciation
Deferred taxation liability not recognised