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