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2021-03-31-accounts

2021 2020
Actual Actual
5 '000 5'000
Balance Sheet unrestricted funds 2,496 4,303
Less non-controlling interest (67) (29)
Cash and cash equivalents 4,817 1,334
7,246 5,608

Who are the Stakeholders ofthe Who are the Stakeholders ofthe Who are the Stakeholders ofthe Why we focus on these How did we engage them in
Eden Pro'ect? Stakeholders? 2020/21?
Visitors to the site in Cornwall The visitors to the Eden site are a Visitors experienced
Eden's
key stakeholder
group for both		 Rainforest
and Mediterranean
mission and educational reasons biomes and outdoor gardens
and
and also for commercial revenues. permanent
exhibitions
such as
Invisible Worlds.
Messaging
about Eden's mission
is displayed
around the venue and
on social media.
Educational groups and the Eden Both groups are important As an educational
charity Eden
Project Learning students audiences for our mission welcomes
up to 50,000 school
messaging,
and also provide		 children
each year either as Eden-
commercial
revenues.		 led groups or teacher-led
groups.
We also have 100+students
studying
on degree courses run at
Eden, some ofwhich is taught by
experienced
Eden horticulturalists.

Truste es'
Report		 es'
Report
The Eden Team Our people are our most valuable Eden runs several employee
asset. They make acritical engagement
events during		 the year
difference to visitor experience plus quarterly
employee
surveys.
and our success. We also run development
programmes
for staff at all		 levels
and in all sectors ofthe business;
these programmes
ensure that staff
are professionally
qualified		 and
supportive ofthe business ethos of
Eden to carry us forward for the
future.
Cornwall, wider society and We recognise that Eden is a We continue to run The Big lunch
environmental organisations contributor
to the wider Cornwall		 programme
(funded
by the		 Big
economy
and beyond. We often
say "IfCornwall
were a village,		 Lottery) which connects people
across the UK with each other.
then Eden could be the village
hall"
Funders Eden generates its own We engage with our
commercial
revenues. For certain		 organisational
funders,
and		 the
specific projects Eden received bank, with regular reporting in-
philanthropic
and grant funding		 line with their requirements for
from individuals and grants and management
organisations. information.
In addition our bankers, Allied
Irish Bank UK, are supportive as
we continued
to		 pay down historic
debts.
Emissions summa
Sco e Unit 2018/19 2019/20 2020/21 Chan e %
Scope I tCO2e 1,360 1,233 931 -24.5%
Scope 2 tCO2e 1,237 1,064 6S7 -35.4%
Sco e3 tCO2e 142 116 60 -48 1%
Sco es1, 2and3 tCO2e 2,739 2,413 1,678 -30.5%
Emissions intensit tCO2e/Km
revenue		 128 107 163 52.0%

Energy consumption summary:
Energy consumption Unit 2018/19 2019/20 2020/21 Change
(%)
Natural
gas (buildings)		 kWh 5,766,439 4,953,562 4,194,002 -15.3%
Other fuels (buildings) kWh 825,068 971,125 486,610 -49.9%
Fuels (vehicles) kWh 469,780 450,131 181,264 59.7%
Purchased
electricity		 (buildings) kw}1 4,370,474 4,161,360 2,945,186 -29.2%
Renewable
generated		 electricity (buildings) kwll 63,256 58,360 54,316 -6.9%
Business mileage (grey fleet) kwll 155,714 109,920 4,840 -95.6%
kWh 11,650,731 10,704,459 7,866,218 -26.5%

Unrestricted Unrestricted Restricted
funds funds Total Total
2021 2021 2021 2020
Notes E'000 E'000 E'000 E'000
Income from:
Donations
and legacies		 2(a) 5,434 5,434 8,131
Charitable
activities		 2(c) 14,656 1,726 16,382 23,152
Investment
income		 2(b) 1 1
Profit on sale ofshares in subsidiary 2(d) 1,700
Total 20,091 1,726 21,817 32,987
Expenditure
on:
Raising funds 174 174 221
Charitable
activities		 3 22,373 1,726 24,099 32,738
Total 22,547 1,726 24,273 32,959
Net (expenditure) /income
before transfers (2,456) (2,456) (396)
Transfers between funds 649 (649)
Net (expenditure) /income
and movement in funds (1,807) (649) (2,456) 28
Reconciliation
offunds
Total funds brought forward 4,303 9,977 14,280 14,252
Total funds carried forward 2,496 9,328 11,824 14,280

Consolidated Charity Consolidated Consolidated Charity
2021 2021 2020 2020
Notes E'000 E'000 E'000 E'000
Fixed assets
Tangible fixed assets 8 47,168 5,564 50,133 5,564
Intangible
fixed assets		 9 103 63
Investment
in associates		 10 I I
Investments 10 7 223 7 223
47,279 5,787 50,204 5,787
Current assets
Stocks 11 496 650
Debtors —amounts due after one year 12 39,474 39,474
Debtors —amounts due within one year 12 2,686 1,339 1,800 1,094
Cash at bank and in hand 4,817 6 2,352 6
7,999 40,819 4,802 40,574
Creditors:
amounts		 falling due within
one year 13 (6,812) (568) (6,937) (538)
Net current assets I(liabilities) 1,187 40,251 (2,135) 40,036
Total assets less current
liabilities 48,466 46,038 48,069 45,823
Creditors:
amounts		 falling due after
more than one year 14 (8,510) (4,229)
Deferred income 17 (28,132) (29,560)
Net assets 11,824 46,038 14,280 45,823
Funds
Restricted
funds		 18 9,328 9,328 9,977 9,977
Unrestricted
funds		 2,496 36,710 4,303 35,846
Total charity funds 11,824 46,038 14,280 45,823

202I 2020
Notes E'000 E'000
Net cash (outflow) inflow from operating activities
including
grants receivable		 22(a) (491) 1,498
Cash (outflow) /inflow from investing activities
Purchase offixed assets (621) (796)
Receipts from disposals offixed assets
Receipt from sale ofinvestment in subsidiary 1,700
Capital grants received 22
Interest received
(620) 933
Cash inflow (outflow) from financing activities
Finance lease advances 139
Capital element offinance lease rental payments (30) (169)
Loan advances 4,751
Loan repayments (138) (1,638)
Interest paid (121) (155)
Interest element offinance lease rental payments (7) (27)
4,594 (1,989)
Increase in cash and cash equivalents 3,483 442
Cash and cash equivalents brought
forward		 1,334 892
Cash and cash equivalents carried forward 22(b) 4,817 1,334

2021 2020
E'000 E'000
Admissions —gift aid scheme 3,896 5,996
Gift aid reclaims 1,072 1,606
Other 466 529
5,434 8,131
(b) Investment income
Unrestricted income
2021 2020
E'000 E'000
Interest receivable
(c) Income from charitable activities
Unrestri cted Restricted
funds funds Total Total
2021 2021 2021 2020
S'000 E'000 5'000 5 '000
Big Lottery Development Fund grants for:
-'Big Lunch' from January 2018 1,942
-'Big Walk' 1,520 1,520
-'Big Local' project 206 206 88
Other grants receivable * 3,177 3,177 277
Release ofdeferred grants - capital 1,797 1,797 1,797
- revenue 241 241 348
Admissions —non gift aid 1,702 1,702 2,783
Catering 1,980 1,980 5,700
Retail 1,750 1,750 3,792
Eden Project
Other **		 International —project income 2,502
1,507		 2,502
1,507		 2,673
3,752
14,656 1,726 16,382 23,152

3.
Expenditure
 — Charitable
activ		 ities
Unrestricted Restricted
funds funds Total Total
2021 2021 2021 2020
E'000 E'000 E'000 E'000
Costs ofoperating
and establishment
-cost ofsales
- direct payroll costs *		 2,728
7,088		 2,728
7,088		 6,206
8,283
-other 551 551 2,338
Other operating
costs
-indirect payroll
and staff		 costs * 3,490 884 4,374 5,244
-premises
costs
-other ~*		 1,136
3,405		 842 1,136
4,247		 1,492
5,030
Operating
lease rentals:
- plant and machinery 84 166
Depreciation
-owned assets 3,552 3„552 3,672
- leased assets 19 19 19
Amortisation
ofintangible		 fixed assets 50 50 50
(Profit)/Loss
on disposal		 offixed assets 92 92 (2)
Investment
write down
Support costs —governance related *** 50 50 58
Interest payable:-
Loans held at amortised cost
- bank loans and overdrafts 121 121 150
-other loan interest 5
-finance charges 7 27
22,373 1,726 24,099 32,738
Included
in the above
f.1,835,000.		 in t he cur rent y ear is expenditure
forcorrective		 works tothe s ite after al andslip total
2021 2020
f'000 E'000
(")Support costs -governance related include
Auditors'
remuneration		 - audit fees 42 42
Indemnity
insurance		 8 8
In addition to the audit fees above, fees for non audit service provided by the auditors (included in other
operating
costs) were as		 follows
Taxation fees - corporation tax 7
Other services (including accountancy and other taxation) 7

are filed with the R egist rar ofComp anies.
2021 2020
5'000 E'000
Profit and loss account
Turnover 10,342 22,069
Cost ofsales excluding depreciation and amortisation (7,412) (13,675)
Depreciation
and amortisation		 (3,613) (3,736)
Gross profit (683) 4,658
Administrative
expenses		 (10,310) (12,604)
Other operating
income		 8,451 6,467
Exceptional
income		 1,700
Operating
profit/ (loss)		 (2,542) 221
Interest receivable 1 4
Interest payable
and		 similar charges (128) (182)
Profit / (Loss) before taxation (2,669) 43
Taxation
Net expenditure (2,669) 43
Balance sheet
Fixed assets 41,641 44,634
Current assets 7,283 3,751
Creditors: amounts falling due within one year (7,178) (6,770)
Creditors: amounts falling due after more than one year (47,984) (43,703)
(6,185) (2,088)
Deferred income 28,132 29,560
Capital and reserves (34,317) (31,648)
(6,185) (2,088)

2021 2020
E'000 E'000
Profit and loss account
Turnover 2,502 2,673
Cost ofsales (2,595) (2,067)
Gross profit (93) 597
Administrative expenses (62) (612)
Other operating income 153
Profit before taxation (2) (15)
Taxation
Profit after taxation (2) (15)
Balance sheet
Fixed assets 74 5
Current
assets		 1,010 1,191
Creditors: amounts falling due within one year (646) (432)
Amounts
falling		 due after more than one year (112) (112)
Deferred income (324)
Net assets 326 32S
Capital and reserves 326 32S

Limited and E den Project International
Limited was as follows:
2021 2020
No. No.
Visitor services 107 263
Horticulture 38 51
Site maintenance 23 63
Other 117 122
285 499
The aggregate payroll costs ofthese persons were as follows:
2021 2020
E'000 E'000
Wages and salaries 10,321 12,276
Social security costs 838 912
Pension costs 251 281
11,410 13,469
2021 2020
No. No.

onsolidated
Assets in Buildings in Buildings and Biomes Plant and Total
freehold the course of infrastructure machinery
land construction
K'000 X'000 f.'000 E'000 K'000 K'000
Cost:
At 31March 2020 6,924 14 89,072 23,205 36,022 155,237
Additions 67 48 580 698
Disposals (322) (322)
Transfers
At 31March 2021 6,924 81 89,075 23,253 36,280 155,613
Depreciation:
At 31 March 2020 53,394 17,631 34,079 105,104
Charge for the year 1,705 508 1,358 3,571
Disposals (230) (230)
At 31March 2021 55,099 18,139 35,207 108,445
Net book value:
At 31March 2021 6,924 81 33,976 5,114 1,073 47,168
At 31 March 2020 6,924 14 35,678 5,574 1,943 50,133

8. Tangible fixed assets (continued)
Charity Freehold Freehold
land land
202l 2020
5'000 E'000
Cost and net book value 5,564 5,564

9.
Intangible
fixed assets
Group and company Software Total
f'000 E'000
Cost
At 31 March 2020 617 617
Additions 90 90
Transfers
At 31March 2021 707 707
Amortisation
At 31March 2020 554 554
Charge for the period 50 50
At 31March 2021 604 604
Net book value
At 31March 2021 103 103
At 31 March 2020 63 63

Name ofCompany Holding Proportion ofvoting rights Nature ofbusiness
and shares held
Associates
Eden Geothermal Limited 24.9%* Non trading
shares
Share of Total
net assets
f'000 f '000
Other Total
f'000 f '000
Investments are classified as follows:
Consolidated Charity Consolidated Charity
2021 2021 2020 2020
f'000 f'000 f'000 f'000
Investment in subsidiaries 223 223
Other investments

Name ofCompany Ordinary Proportion of Nature ofbusiness Nature ofbusiness Nature ofbusiness
Shares voting rights
Held and shares
held
Eden Project Limited 100'/0 Operation and development of the Eden
Project
Eden Project International Limited 100 100/0 Overseas consultancy
Eden Trading Limited 100/0 Non trading
As at 31March 2021 the following As at 31March 2021 the following were subsidiaries ofEden Project Limited: ofEden Project Limited:
Name ofCompany Shares Proportion of Nature ofbusiness
Held voting rights
and shares
held
Subsidiary
Undertakings
Eden Project Campaigns Limited Ordinary 100/0 Used as a vehicle to support the charitable
aims &objectives ofthe Eden Trust through
funded
and		 sponsored campaigns.
Eden Regeneration
Limited		 Ordinary 100'/0 Non trading
Eden Project Bonds Limited Ordinary 100'/0 Crowd funding
bond		 issue
Eden Sessions Limited Ordinary 50'/0 Operation oflive music events
Other Group Undertakings
Eden Geothermal
Limited		 Ordinary 24.9'/0 Renewable energy

Name ofCompany Shares Proportion of Nature ofbusiness
Held voting rights
and shares
held
Eden Project(HongKong)Limited Ordinary 100% Non trading
Shares
11. Stocks Stocks
Consolidated
2021 2020
E'000 E'000
Goods for resale 496 650
12. Debtors
Consolidated Charity Consoli dated Charity
2021 2021 2020 2020
E'000 f'000 E'000 E'000
Trade debtors 359 702
Other debtors 879 82
Prepayments and accrued income 1,448 1,016
Amounts
owed by group undertakings		 40,801 40,568
2,686 40,813 1,800 40,568
Amounts
falling due after more than one year included		 above are:
Consolidated Charity Consolidated Charity
2021 2021 2020 2020
E'000 E'000 E'000 E'000
Amounts
owed by group undertakings		 39,474 39,474

Consolidated Charity Consolidated Charity
2021 2021 2020 2020
E'000 E'000 E'000 E'000
Bank and other loans (note 15) 898 259
Bank overdraft 1,018
Trade creditors 928 1,394
Other tax and social security 328 32 680 13
Accruals
and deferred		 income 4,598 230 3,452 216
Amounts
owed by group undertakings		 299 299
Other creditors 60 104
Finance leases (note 16) 30
6,812 568 6,937 538

Consolidated Charity Consolidated Charity
2021 2021 2020 2020
E'000 E'000 E'000 E'000
Bank and other loans (note 15) 8,203 4,229
Finance leases (note 16) 307
8,510 4,229

Consolidated Charity Consolidated Charity
2021 2021 2020 2020
E'000 E'000 E'000 E'000
Other loans
Bank loans (see note below) 9,101 4,488
Eden Project Bond (see note below)
9,101 4,488
Less: Included in creditors falling due within
one year (898) (259)
8,203 4,229
Consolidated Charity Consolidated Charity
2020 2020 2019 2019
5'000 5'000 5'000 5'000
Amounts repayable:
In less than 1 year 898 259
In 2 —5 years 8,203 4,229
9„101 4,488

Group and company Group and company Group and company 2021 2020
K'000 K'000
Within one year 30
Between two and five years 307
307 30
Less:
amounts		 falling due within one year (30)
Amount falling due after more than one year 307
17.
Deferred income
Consolidated Deferred Deferred
capital revenue
grants grants Total Total
2021 2021 2021 2021
E'000 E'000 E'000 E"000
Balance b/f at 31March 28,789 771 29,560 30,885
Received during the period 2,336 2,336 2,962
Refunded during the period (112)
Released during the period (1,797) (1,967) (3,764) (4,175)
Balance c/f at 31March 26,992 1,140 28,132 29,560

18
Res		 tricted funds
Balance Transfer to Balance
3IMarch Income Expenditure unrestricted 3IMarch
2020 202I
E'000 E'000 E'000 E'000 E'000
Construction and development 9,977 (649) 9,328
Big Lottery grants 1,786 (1,786)
9,977 1,786 (1,786) (649) 9,328

19.
Analys		 is ofgroup net assets be tween funds
Unrestri cted Restricted Total
funds funds funds
E'000 E'000 E'000
Fund balances at 31March 2021 are represented by:
Fixed assets 37,951 9,328 47,279
Net current assets/(liabilities) 1,187 1,187
Creditors over 1 year (8,510) (8,510)
Deferred income (28,132) (28,132)
Total net assets 2,496 9,328 11,824
Unrestri cted Restricted Total
funds funds funds
5'000 E'000 E'000
Fund balances at 31March 2020 are represented by:
Fixed assets 40,227 9,977 50,204
Net current assets/(liabilities) (2,135) (2,135)
Creditors over I year (4,229) (4,229)
Deferred income (29,560) (29,560)
Total net assets 4,303 9,977 14,280

out belo w:
Land and Buildings Other
2021 2020 2021 2020
f'000 f.'000 E'000 E'000
Payable one year 49 65 14
Payable in two to five years 49
Payable in more than five years
2021 2020
E'000 E'000
Net expenditure for the period before transfers (2,456) 28
(Increase) / decrease
in stocks		 154 98
(Increase) / decrease in debtors (886) 914
Increase
/ (decrease) in creditors
Release ofdeferred grant income		 284
(3,764)		 (416)
(4,175)
Deferred revenue grants received 2,336 2,940
Deferred revenue grants refunded (112)
Depreciation 3,572 3,691
Amortisation 50 50
(Profit) / loss on disposal ofassets 92 2
Profit on sale of investment in subsidiary (1,700)
Investment
written off
Interest receivable (I) (4)
Interest payable 128 182
Net cash (ourflow)/inflow from operating activities (491) 1,498
(b) Analysis ofcash and cash equivalents
Group
2021 2020
K'000 f.'000
Cash at bank and in hand 4,817 2,352
Bank overdraft (1,018)
4,817 1,334

(c) Analysis ofchangesin
net debt
At 31March 31March
2020 Cashflow Other Z021
E'000 E'000 E'000 E'000
Finance lease obligations (30) (277) (307)
Loans (4,488) (4,613) (9,101)
(4,518) (4,890) (9,408)
Cash and overdraft 1,334 3,483 4,817
Total (3,184) (1,407) (4,591)

The movement in funds , during
the year,		 for the group and Charity were as fol lows:
Consolidated Chari ty Consolidated Charity
2021 20Z1 2020 2020
E"000 E'000 E'000 E'000
Net movement in funds (2,456) 215 28
Fund balances brought forward 14,280 45,823 14,252 45,823
Fund balances carried forward 11,824 46,038 14,280 45,823