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2022-01-31-accounts

Overview Pages 1 -2
Key programmes
and		 achievements in the year Pages 3-9
Structure
and Financial		 Review Pages 10 -11
Future activity 8 plans Pages 12 - 14
Administrative
Information		 Page 15
Independent
Auditors		 Report Page 17
Financial Statements Page 22
Notes to the financial statements Page 26

Plymouth City Council David Pddden Legacy Fund Legacy Fund
Defra Natural
England
BIAZA Charity Finance Group
Heritage Lottery Fund EU LIFE
Mitch Tonks and Rockfish Sutton Harbour Holdings
Plymouth Gin and Chivas Brothers Vospers

Equal opportunities Volunteering
Health and Safety Child Protection &Safeguarding
Anti-harassment
8 bullying		 Whistleblowing

Year ended 3 1 January 202 2 (including
i		 ncom e and expen e and expen diture
ac		 count)
Unrestricted Restricted Total Total
NOTE Funds Funds 31Jan 22 31Jan 21
Incomer 6 6
Income from donations 6legacies
Donations and gifts 2 2,580,254 64,203 2,644,457 1,553,967
income from charitable activities:
Grants 3 7,500 715,217 722,717 382,518
Operation
ofestablishment		 844,920 844,920 553,259
Rental income 37,603 37,603 29,959
Other trading activities
Commercial
trading
operations		 705,158 705,158 498,292
Otherincome 263,911 263,911 172,968
Total 4,439,346 779,420 5,218,765 3,190,963
Expenditure
Raising Funds
Fundraising
costs ofdonations 5gifts		 6 282,669 282,669 235,945
Commercial
trading
operations		 6 663,187 663,183 663,147
Charitable activities
Operation
ofestablishment		 and direct charitable exPenditure 6 2,612,735 894,493 3,507,229 3,220,325
Total 0 3 558 591 094 403 4,453,000 4.110~17
Netincome /(expe nditom) 080.700 ~115,074 7115001 ~928454,
Transfers between funds 436,211 (436,211)
Funds brought fonvard at 1February 2021 17 2,175,225 6,310,182 8,485,407 9,413,861
Funds cerned fonvani at 31January 2022 17 3,492,191 5,758,897 9,251,088 8,485,407
All the above results are derived from continuing activities. AII gains and loses recognised in the
year are included above.

As at 31Janu ary 2022
Group Group Charity Charity
2022 2021 2022 2021
FixedAssets
Tangible assets 11 7,933,630 8,421,784 7,933,634 8,421,784
Investments
Live exhibits 12 67,668 67,668 67,668 67,668
8,001,298 8,489,456 8,001,306 8,489,456
Current assets
Stocks 13 29,758 50,912
Debtors 14 339,023 293,691 536,321 410,189
Cash at bank and in hand 2,238,671 1,002,664 469,063 360,836
2,607,452 1,347,267 1,005,384 771,025
Creditors: amounts falling due within one
year f5 ~784,874 ~855,858 ~534,484 ~337824
Net current assetsl(liabilities) 1,822,581 741,409 471,190 404,001
Total assets less current liabilities 9,823,879 9,230,865 8,471,492 8,893,457
Creditors: amounts
than one year		 falling due after more 18 ~572.781 ~745454 ~572.784 , ~745.454
Net assets 9,251,088 8,485,411 7,899,701 8,148,003
Funds
Unrestricted
funds		 17 3,492,191 2,175,225 2,025„730 1,861,639
Restricted funds 17 5,758,897 6,310,182 5,873,971 6,286,364
Total funds 9,251,088 8,485,407 7,899,701 8,148,003

Unrestricted Restricted
Funds Fundsf Total
At 1 February 2021 2,175,225 6,310,182 8,485,407
Profit/(loss) for the year 1,316,966 (551,285) 765,681
Total comprehensive income/(loss) 1,316,966 (551,285) 765,681
As at 31 January 2022 3,492,191 5,758,897 9,251,088
Unrestricted Restricted
Fundsf Funds Total
At 1 February 2020 2,847,066 6,566,795 9,413,861
Profit/(loss)
for the year		 (671,841) (256,613) (928,454)
Total comprehensive income/(loss) (671,841) (256,613) (928,454)
As at 31January 2021 2,175,225 6,310,182 8,485,407

Unrestricted Restricted
Funds Fundsf Total
At 1 February 2021 1,861,639 6,286,364 8,148,003
Profit/(loss)
for the year		 164,091 (412,393) (248,302)
Total comprehensive income/(loss) 164,091 (412,393) (248,302)
As at 31 January 2022 2,025,730 5,873,971 7,899,701
Unrestricted Restricted
Fundsf Fundsf Totalf
At 1 February 2020 1,926,461 6,566,795 8,493,256
Profit/(loss) for the year (64,822) (280,431) (345,253)
Total comprehensive income/(loss) 86,261 (280,431) (194,170)
As at 31 January 2021 1,861,639 6,286,364 8,148,003

For the year ended 31 January 2022
2022 2021
Cash flows from operating activities 22 1,484,932 ~892,883
Cash flows from investing activities
Purchase oftangible
fixed assets		 (97,140)
Interest received 113
Net cash (used) in investing activities 97,132 113
Cash flows from financing activities
Net receipt from/(repayment ofamounts due under) finance leases
Loans received 900,000
Repayment
ofamounts
due under loans		 (147,585) (38,075)
Loan interest paid (4,208) 2,065
Change
in cash and cash equivalents		 1,236,007 356,420
Opening cash and cash equivalents at 1 Feb 1,002,664 646,244
Closing cash and cash equivalents at 31Jan 2,238,671 1,002,664
Analysis ofcash and cash equivalents 2022 2021
F
Cash at bank and in hand 2,238,671 1,002,664
Increase i(decrease) in cash 1,236,007 356,420

2.Donations 8 Gifts
Unrestricted Restricted 2022 2021
E
Individuals
(including
payments
under Gift Aid) and other 2,362,364 64,203 2,426,567 1,248,043
Local/Additional
Restrictions		 Grant 104,290 104,290 16,500
Corona Virus Job Retention Scheme 113,600 113,600 289,424
2,580,254 64,203 2,644,457 1,553,967

ctivities have be
fthe subsidiary		 en consol
is shown		 idated
on a line-
below.		 by-line
basis in t		 he SOFA. A summary ofthe results
Profit and loss account 2022 2021
Turnover 4,028,528 2,375,303
Cost ofsales (354,394) (305,047)
Gross profit 3,674,134 2,070,256
Operating
expenses		 (2,666,879) (2,067,442)
Operating
profitt'(loss)		 1,007,255 2,814
Interest receivable,
grant		 and sponsorship income 112
Interest payable and similar charges (3,747)
Gift aid payment (585,422)
Repayment
ofexcess Gift Aid
Profitf(loss) on ordinary activi ties after taxation 1,002,263 ~566,233
The aggregat e ofthe assets, liabilities and f unds ofthe subsidiary
was:
2022 2021
Assets 1,509,127 585,876
Liabilities (493,933) (578,411)
Shareholders funds 1,015,193 7,465

Statement offinancial activities Statement offinancial activities 2022 2021
Income 2,286,241 1,192,959
Expenditure (1,809,646) (953,997)
Net surplus 476,596 238,962
Gift aid payment to Ocean Conservation Trust (237,000)
476,596 1,962
The aggregate ofthe assets, liabilities and funds ofthe subsidiary
was:
2022 2021
f
Assets 497,532 340,930
Liabilities (161,006) (10,999)
336,526 329,931

Fundraising Operation
of		 Governance Commercial 2022 2021
Costs of Establishment Costs Trading
Donations 8 Charitable
and Gifts Activity
6 E
Catering 1,670 338,473 340,143 325,606
Projects 38,931 1,036,622 1,075,553 378,174
Operation ofestablishment 165,305 1,718,878 24,790 167,352 2,076,325 2,394,468
Retail 157,357 157,357 109,943
Depreciation 585,293 585,293 625,390
Support costs 78,433 91,868 48,106 218,408 285,836
282,669 3,434,332 72,897 663,183 4,453,080 4,119,417
General Governance Total Total
Support Related 2022 2021
E E E
Wages 8 Salaries 106,463 91,833 198,296 263,878
Auditor 20,003 20,003 21,888
Professional 109 109 70
Travel expenses
106,572 111,836 218,408 285,836

2022 2021f
Depreciation
Owned Assets 585,293 625,390
Operating
Lease Rentals		 113,750 113,750
Auditors
Renumeration
costs ofscrutiny 20,003 20,000
non audit 9,225 875

he ag gregate
payroll costs wer		 e as follows:
Group Group Charity Charity
2022 2021 2022 2021
F
Wages and salaries 1,546,988 1,589,170
Social security costs 110,616 117,242
Other pension costs 40,684 41,730
1,698,288 1,748,142
2022 2021
No. No.
he number o ffull a nd part time emplo yees
during the y		 ear was as follo ws:
Group Group Charity Charity
2022 2021 2022 2021
E F
Charitable activities 59 44
Management and administration
Cost ofgenerating funds 57 47
125 98

Land 8 Plant 8 Equipment
Group: buildings fixtures 8 computers Exhibits Total
8 E
Cost:
At 1 February 2021 13,733,317 5,621,862 925,364 1,880,804 22,161,347
Additions 72,700 24,440 97,140
Transfers
Disposals
At 31 January 2022 13,733,317 5,694,562 925,364 1,905,244 22,258,487
Depreciation:
At 1 February 2021 6,100,314 4,962,244 822,090 1,854,915 13,739,563
Charge for the year 320,628 232,912 18,769 12,984 585,293
Transfer
Disposals
At 31 January 2022 6,420,942 5,195,156 840,859 1,867,899 14,324,856
Net book amount
At 31 January 2022 7,312,375 499,406 84,505 37,345 7,933,631
Net book amount
At 1 February 2021 7,633,003 659,618 103,274 25,889 8,421,784

Notes to financial statements
Forthe year ended 31January 2022		 Notes to financial statements
Forthe year ended 31January 2022		 Notes to financial statements
Forthe year ended 31January 2022
11.
Tangible fixed assets (continued)
Land B Plant 8 Equipment
Charity: buildings fixtures
E		 8 computers Exhibits
F		 Totalf
Cost."
At 1 February 2021 13,733,317 5,621,115 636,479 1,795,622 21,786,533
Additions 72,700 24,440 97,140
Transfers
Disposals
At 31 January 2022 13,733,317 5,693,815 636,479 1,820,062 21,883,673
Depreciation:
At 1 February 2021 6,100,314 4,932,726 562,043 1,769,666 13,364,749
Charge for the year 320,628 232,912 18,769 12,984 585,293
Transfer
Disposals
At 31January2022 6,420,942 5,165,638 580,812 1,782,650 13,950,042
Net book amount
At 31 January 2022 7,312,375 528,177 55,667 37,412 7,933,631
Net book amount
At 1 February 2021 7,633,003 688,389 74,436 25,956 8,421,784

For the year ended 31Januar y 2022
Group Group Charity Charity
2022 2021 2022 2021
13.Stocks E F
Goods for resale 29,758 50,912
14.Debtors Group Group Charity Charity
2022
F		 2021f 2022 2021
Trade debtors 82,211 66,146 69,459 63,643
Other debtors 92,709 7,837
Prepayments and accrued income 163,434 219,708 154,654 128,894
Amounts
due		 from subsidiary undertaking 312,208 217,652
338,353 293,691 536,321 410,189

Group Group Charity Charity
15.Creditors: amounts
one year		 falling due within 2022 2021 2022 2021
Trade creditors 133,898 98,744 91,212 29,476
Other creditors 61,040 21,962 29,115 1,842
Other taxation and social security 102,507 6,038 37,448 7,809
Loan 169,410 144,333 169,410 144,333
Accruals and deferred income 317,681 334,781 207,010 183,564
784,536 605,858 534,194 367,024
Due after one year
Loans and borrowings 572,791 745,454 572,791 745,454
16.Loans and borrowings Group
2022f		 Group
2021
f		 Charity
2022		 Charity
2021
f
Non-current
loans and borrowings
Bank borrowings
-due in 2-5 years		 572,791 672,728 572,791 672,728
Bank borrowings
-due over 5years		 72,726 72,726
572,791 745,454 572,791 745,454

Forth e year ended 3 year ended 3 1January 20 22
17. Fund balances
Balance at Incoming Resources Transfers Balance at
1 February resources expended between 31January
Group: 2021 funds 2022
P t:
Restricted Funds:
Restricted capital grants 6,156,721 (436,211) 5,720,510
Restricted donations 64,203 (60,027) 4,176
Restricted revenue grants 153,461 715,217 ~834,467 34,211
6,310,182 779,085 (894,494) (436,211) 5,758,897
Unrestricted funds
General Funds 2,175,225 4,424,342 (3,558,587) 436,211 3,477,191
Designated Funds 15,000 15,000
8,485,407 5,218,761 ~4.453.081 9,251,088
Balance at Incoming Resources Transfers Balance at
1 February resources expended between 31 January
Charity: 2021 funds 2022
F E
Restricted Funds:
Restricted capital grants 6,156,721 (436,211) 5,720,510
Restricted donations 64,203 (60,027) 4,176
Restricted revenue grants 129,648 166,288 ~146,651 149,285
6,286,369 230,491 (206,678) (436,211) 5,873,971
Unrestricted funds
General Funds 1,861,634 1,046,797 (1,333,912) 436,211 2,010,731
Designated Funds 15,000 15,000
8,148,003 1,292,288 ~7,540,590 7,899,701

Restricted Revenue Grants Balance at Incoming Resources Balance 31
1 February resources expended January
2021 2022
F
EU Life Recreation Remedies 122,953 (122,953)
MSC Eco Moorings 2,308 (1,802) 506
Other Grant Income 21,635 43,335 (47,803) 17,167
HLF - Green Recovery Challenge Fund 105,705 (89,167) 16,538
Defra - Zoo Animals Fund 23,813 548,929 (572,742)
153,461 715,217 ~634,467 34,211
18.Analysis ofgroup net assets between Restricted Unrestricted Total
funds at 31 January 2022 Funds Funds
f
Tangible fixed assets 5,720,510 2,213,120 7,933,630
Live exhibits 67,668 67,668
Current assets 38,387 2,569,066 2,607,452
Creditors 1,357,662 1,357,662
5,758,897 3,492,191 9,251,088

Group Group
2022 2022 2021 2021
Land 8 Other Land 8 Other
buildings leases buildings leases
E
Within one year 105,000 105,000 14,410
Between two and five years 420,000 420,000
More than five years 9,905,000 10,010,000
10.430.000 - 10,535,000 14,410
Charity Charity
2022 2022 2021 2021
Land 8 Other Land 8 Other
buildings leases buildings leases
f
Within one year 105,000 105,000
Between two and five years 420,000 420,000
More than five years 9,905,000 10,010,000
10,430,000 10,535,000

Charity continuing operations
2022 2021
Grant income 715,217 291,862
Operating
expenses		 (1,536,382) (1,834,216)
Other income 577,072 1,197,101
Operating
loss		 (244,092) (345,253)
Interest payable (4,208)
Interest receivable and similar income
Deficit ofincome over expenditure for the year 248,300 345,253
Charity
Total funds at 1 February 2021 8,148,001
Excess ofexpenditure over income for the year ~243,300
Total funds as 31 January 2022 7,899,701

Forthe year ende d 31January 2022 d 31January 2022 d 31January 2022
22.Reconciliation of net income/(expenditure) to net cash inflow from operating activities
2022 2021
f'
Net incoming
resources for the year		 765,681 (928,454)
Depreciation
oftangible fixed assets		 585,293 625,390
Disposal ofassets
(Increase)/decrease in stocks 21,154 (3,295)
(increase)/decrease in operating
debtors		 (44,662) (109,018)
Increase/(Decrease) in operating
creditors		 153,596 (90,128)
Grants receivable for purchase oftangible fixed assets
Interest receivable
Interest payable		 (8)
4,208		 (113)
~2,065
Net cash inflow/(outflow)
from operating		 activities 1,485,263 ~507.683

2021 Cash flows 2022
Cash 1,002,664 1,236,007 2,238,671
Loans falling due in one year (144,333) (169,410) (169,410)
Loans falling due after one year ~745,454 ~572,791 ~572,791
Net Funds 112,877 493,806 1,496,470