RegÉstered number.. 04399827 Charity nurnber.. 1093702 WILDWOOD TRUST (A Company Limited by Guarantee) TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 WILDWOOD TRUST IA Company Limited by Guarantsa) CONTENTS Page Reference and Administrative Detalls of the Company. Els TrLA9tees and Advlsers Trustees. Report Independent Auditors. Report on the Flnanclal Statements Consolidated Statement of Financial Activities 2-72 13-15 Consolidated Balance Sheet 17- 18 Company Balance Sheet 19-20 Consolidated Statement of Cash Flows 21 Notes lo the Financial Statements 22-40 WILDWOOD TRUST IA Company Limited by Guaranteel REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2024 Trustees Dr S A Blad( Professor R A Griffilhs TJ hAurray ADLPrice AKWest J Worger Company registered number 04399827 Charity registered number 10937D2 Reglstered office Wildwood Herne Common Herne Bay Kent CT6 7La Company secretary MrADLPrice Independent auditors Xeinadin Audil Limiled Charte￿d Accountants Slalutory Auditors 12 Conqueror Court S1ttitbgboume Kent ME105BH Page 1 WILDWOOD TRUST (A Company Limiled by Guarantee) TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 Page 2 WILDWOOD TRUST (A Company Limited by Guarantee) TRUSTEES. REPORT {CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 The Trustees present their annual report together with the audrted financial statements of the Company for the 1 April 2023 to 31 March 2024. The Annual Report serves the purposes of both a Trustees. report and a directors, report under company law. The Trustees confirm that the AnnLJal Report and financial statements of the charilat>lÈ company comply with the Current slatlrtory requirements. Ihe ￿quirementS of the chanlable company's governing docijment and the provisions of the Ststement of Recommended Practice ISORPI applicable lo charities preparing their a￿OUnt$ in accordance wilh the Finanaal Reporting Standard applicable In the UK an Republic ol Ireland IFRS1021 (effective 1 January 20191. Since the group and the Company qualÉfy 35 Small under secbon 383 of thè Companies Act 2006, the Group Strategic Report required of medium and large companies under the Companies Act 2006 Islralegic Report and Directors, Report) Regulations 2013 has been omitted_ Acting chaI￿S Ststement As I pen this letter, I reflect that tt been a year in which the climate has again hil Ihe headlines for all the wrong reasons. Record high average temperatures. extreme weather events. floods, droughts and wildfi￿S are all shocking ietninder of the deva5tab.ng effects of climate change Rewikjing our planet is one of the surest ways we (xn combat Climate Change and Wildwood are al the forefronl of efforts lo Rewild Britain. Before I go on, I must thank our magnificent team of staff, wonderful volunteers, membership and widei support community. Wrthout your hard woik. dedication. support and eno)urJgemenl, Wildwcx)d simply could not exist. The last years have been financially excepbonally difficult for Wildwood and indeed all UK conservation charities. Wildwood has found itself in a perfect storm as the cost of living cris1s has Impacted our member and support base, while al the same time very high levels of inflab'on have meant that the cost of everything from animal feed to gas and electricity h8s spiked sharply upwards. This has put an unprecedented squeeze on Wildwood's finan￿$, forcing us to release funds from our reseNes which we have so carefttlly built up over the last 23 years We realise that our members and supporters ale 3150 leeling the pinch bul if you find you have any spare cash, please think about making a donation lo Wildworml. perhaps bringing a guest to one of our parks or simply buying a coffee and cake In our café on your nexl visit Every lI￿e bit helps. Despite the very tough financial environment l am delighted lo report tral we have made dramatic and wonderful progress on a record number of rewikjing and conseNation projects. Projects many years in the making have come to fruition and we have made great progress on many ongDing projects. Our groundbreaking work with Bison In the Blean has garnered huge media Interest and attracted a m8ssive audienTr worldwide. while out of the spotlight. our vital work with creatures great and small has conb'nued apace. Wildwocxd is Cornmitted to the Gonsetwation arKI rewilding of all natsve 5pecie5 In Britsin. To report on all our extraordinary work would fi'll the pages of a large book. however some key highlights of the year are. We released the first caplrve bred Red Billed Choughs in Kent in the first stage of a project lo restore the species to the South East. 8 birds are now flwng In the wild arKI we have begun preparations to breed lor thls year's second cohort of birds. The Blean Bison herd contrnues to grow with the birth of a bull calf 4 White Stork chicks that were bred by the Trust v4ere re￿aSed into the wild at Knepp as part of the While stork Project. We constructed a While Clawed Crayfish breeding facility in Devon and have begun to breed native crayFish fr>r release into arc siles. With lunding from Natural England, we have secured planning permission to build an arc site at our park in Devon. With lunding from Forgstry England we aF8 workin9 Wrth partners to d8V8lop the South East Pine arten Restoration Project. We also constructed a new bweeding fa¢ilily for Pine M2rtens. We built a new Wildcat breeding frdcility as part ol the Welsh Wildcat Project. looking to reintroduce Wildcats back lo Wales In partnership with Durrell ConseN&on Trust and Vin￿nI Wildlife Trust We developed our work helping to manage the wild Beavers in Kent, using our facilities and expertise to Page 3 WILDWOOD TRUST IA Company Limlted by Guarantee) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 rescue and rehabilitee wikl Qeavers and retum them to new teffrtories in the viild. We bred 6S Glow Worms as part of a ielease project. All 38 Hazel Dornice released this year as part of the natioryal reintroduth.on plan were bred in our parks. This progress is pethaps best illustiated with some key ststistics achieved over Ihe course of last year.. 193.400 12.000 200 Visrtors visited one of our parks Children attendeé one of our education courses AduFts attended one of our conservation courses Active Native species conseNation projects Reach of Wildwood related news and content 10 Million At the time of writing this letter, we have Just reviewed our summer trading resutts and again il has been 8 difficult summer In response to the ongoing difficult economic conditions, earlier this year our Ex6CUtive Téam, in conjunction wf(h Trustees, drew up and began implementing a recovery aclion plan. This plan is regularly reviewed and revised in response to changes in the economic situation. Perhaps I may end this letter with an appeal to our members and SLSPPOrters alike, please consider making a donation to Wildwoodl Yours faithfully Andrew Price Acting Chair- Wildwood Trust Objectives and activitles Mission Protecting, Conserving & Rewilding British Wildlrfe Page 4 WILDWOOD TRUST (A CompaTry Limlted by Guarantee TRUSTEES. REPORT {CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 Objectives and activities (continued) Vision To bring the joy of British Wildlrfe lo the public through 9nnched and natural. immersive animal exhibits and effective engagement with our visitors and memtErs. To inspire through educatt"on. communication and training the understanding and practical conservation of British wilélife. To operate commercially successful visitor ￿ntre$ that generate funds to support the charitable mission To lead In native species conservation and rewilding programmes To reverse the loss of biodiversity- To support research that furthers our mission To advocate for policies eeonomic 5yStems and lrfestOes that promote rewilding and the enhan￿ment of ecosystems. The Mi5510n aNd Vision are achEved Ihrough the Stralegic Plan. The most recent Strategic Plan sets out the key strategies for the Trust identifying and implefflenting actwities and decisions that will enable us to achieve our mission and woth towards our vision. The Key Strategies are. _ Improving the visitor experience. (Vision points 1. 2 and 31 Prioribsed infrastructure development (Vision point5 1 and 31 Development of Vlildwood's base and nelwork of members and supporters. (Wision points 1. 2, 3. 4 and 71 Expansion of Wildwood membership. Ivision points 4. 5, 6 and 71 Extending and developing Education and Training. Ivision points 1. 2, 6 and 71 Significantly increasing the positive impaca of our conservation worf< Ivision Points 4 5, 6 and 7) Improwng staff team-work and communicatson. IAI Vision points) Communicating our aGhievernenls to the public. IAII Vision Poinlsl Building partnerships an¢ relationships with key organisalions. (Vision FX)ints 4. 5, 6 and 71 Enhancirig Wildwo(xJ's reputation as an organis*ion and as a teader in con5etvation and rewilding. IAII Vision Points) Continuing to ath.vely seek opportunits.es for future addibonal Wildwood sites. IAII Vision Points) 10. Values Vvildwood Trust's Values sel out how we wotk wilh each other inside the trust and wilh those outside the trust. We are passionate about British Vvildlife and its protection. We inspire people to care about and to feel connect&J to the natural world and to understand its history and ils practical conseNalion. We value our employees and volunteers. nurturing their development and wellbeing. We value professional pèrtnet5hips and collaborations to achieve our mission We strive to engage with every visitor lo Wildwood and encourage their support of the mission. We are ambitious sn our plans to make a posrtive, measurable difference to British Wildlife. Achlevements and perfomiance Page 5 WILDWOOD TRUST (A Company Limitéd by Guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 Achievements and performance Icontlnuedl Key perfomiancg indicators The truste95 continue lo devel(p Vvildwood's Key Perf0Mian￿ Indicators {' KPI"}, which were titled Execub"ve InforTnglion System. That system is a new tab on the monthly Management Information Pack. It focuses on six key stralegiG areas. with listed objectives". Finance- generate sufficient funds to support the mission Pro￿$S- grow the trust in reputstion and infrastructure CLJStomer- grow trust membership & supporters to improve the visrtor experience People- build and retain a skilled team of employees that value and enjoy what they do Conservation - to lead rewilding and the conservation of native SpeC￿S Education - to inspire and educate children and the public The regular trustee sub-committees. in path"cular the OperatKlnS SUtFcommiltee I"OSC°I, review the KPIS monthly, alongside the monthly management reviews by the Finan￿ sub-committee l°FSC'I. Public Benefit ildwood Trust 15 a leading independent conservation charity which addresses threats lo nature We do this by promoting ecological pro￿sSeS to restore habilals. educab.on in nature conservation and delivering real consetvalion ol our native faufia and lloia. We also pr(Thote and support relevant s(ientific research and projccts. The Trustees of the Wildwo(KJ Trust have tsken account of the CFianty Commission's guidan￿ on public benefit We have con51dered how our planned programme of work will consistentty contribute to the charity's aims and objectives. Our main areas of charttable activity are detail￿ throughout this report. Trustee Team Wildwood Trust Is fortunate lo have aC￿$S to a t)road spectrum of know￿dge, skill and expertise in its Trustee Team. These skills help the Vvildwood Trust Ihiough a highly capable governanc8 Structure. One third of the trustees retire eath year in accordance wlh thg Articles of Association, bul those retiring are eligible for re-elects'on Trustee Induction and Dèvelopment Trustees are regularly provided with inlemal and extemal information relevant to the Trusys governance and performance and a￿ welcoThe to make vi511s to our parks throughout the year. Volunteers Volunteers provide a huge support for the Wildwood Trust. They work al 311 levels of Ihe organisa*"on." playing a vital role In keeping the park in lop ¢ondition. er￿aging our visilois. helping deliver our conservab'on efforts an looking after our focussed collection of British wildlife. Page 6 WILDWOOD TRUST (A Company Limited by Guarantee) TRUSTEES. REPORT (CONTINUED} FOR THE YEAR ENDED 31 MARCH 2024 Achievements and perforniance (continued) Community Engagement The Wilthvood Trust has formed partnerships with local scknools. colleges and universities, thus enabling students to anhance their skills. knowledge and employability- The conservab.on and Keeper department5 provide long term opportunities lor students cornpleling degree level industry placemen15 WilL1wood's Gold Mernbership Scheme is aimed at disadvantaged group5 and special needs schools and offers free access lo the park lo over 10.000 local people from over 100 parbcipating organisalions. Charitsble activltles The Trust has continued an effective delivery of its chaTitable obJ"edives. We delivered on our eharilable objecb.ves by. Increasing our ability to educate people about British wildlife Expanding our training programme, teaching skills to volunteers. trainees and professionals in nature conservation Investing ￿sou￿S in practical nature conservation schemes that protect endangered speeies Continuing our involvement in habitst managemenl programmes on local areES of nature conservation importan Entering Into a partnership with Kenl Wildlife Trust to delNer a ra￿e of conservation and rewilding projects across Kent over the next 3 years. Conservation The Consèrvation & Rewilding Strategy has eight objectives. each of which has explicit links to the Vision Statements listed in the Wildwo(Kl Business Plan 2019-2025." Objective 1 Eng8ge, excite and inform the wsitor about British Wildlrfe conservab.on and the restr)ratiDn of landscapes and ecological processes. Objective 2 Train and support Conservation Pracbtioners in order to develop the necessary skills and expertise to conserve. m8n8ge and breed Wildwood ft￿al speaes. Objective 3 To lead on and infiuence best practi￿ husbandry stsndards for species within the ICP and to produce BPG'S for species whose breeding pr￿ramme$ are coordinated by Wildwood Trust Objgctive 4 Collaborate with partners to undertake scientific research to improve knowledge and understanding of sou ecologi￿1 requirements of threatened native species. Objèetive 5 To expand and develop partnerships wth like-rninded organi5ations to help deliver our conservation and rewilding objectives linked to the reintroduction of keystone species and restoration of habitats. Objective 6 Develop the ICP for Wildwood that encoufages cross society collaboration and enables conservation b￿edIng and reintroduction of local 5peoes Objective 7 Provide leadership. advocacy policy advice and demonstration projects In areas relating to green technologffts and sustainable lifestyles. Objectiva 8 To raise the profile and reputation of Wildwood as a leader in the field of British Wildlrfe Conservatson and rewilding. Page 7 LDWOOD TRUST IA Company Limited by Guarantee) TRUSTEES. REPORT ICONTtNUEDI FOR THE YEAR ENDED 31 MARCH 2024 Achievements and perfomiance Icontinued) Educatlon The Education depattnents are doing well des￿te the eost-of-living cnsis aTra the recovery from tre pandemic. We are continuing lo welcome tetuming schools and groups as well a5 new ones. New workshops. 8Ctivities and events have been added to both programrrbe5. diversifying our offerings and generatiTrJ new income streams. Our Kent site has been busy preparing for the introduction of brand-new Holiday and Tuédler Cltsbs, both which commenced in April 2023. In addition. our other infortnal activities such as Junior Zoo Keeper and night tour5 are Continuing to run regularly, with plans to increase the numbèr of events from April Many of the existing workshops have been revised and updated and have received ex￿lIent feedback. New workshops and tours have been developed Such as the Heallh & Wellbeing lour. The Wilder Blean woikshops (now known as the Blean Bison workshops) whith received ftjnding from the People's Poslcode Lottery, are proving successful with many loo81 schools engaging. The Kent educab.on team has submitted an applic3b.on to BIAZA for their annual aw2rds. This year at our Devon site the team have made MO￿ acb"vities available for those outside of our formal education programme such as running regular night tours. small mammal survey5 skills courses, and foraging courses. During the May half term our ne01th￿ reed hut was pulled down after standing for about 10 years and rebuilt with the help of the public some archaeology students. this provided an educational expenence fgr the public to le8rn 8boLrt the 51one age and how they rnay have used tools and natural resour￿5 Support Wildwood received funding this year from a range of indivmlual S￿Jporters. charitable trusts and foundations. The totals received in this financial year were." Charitable trusts and foundations. £154,722 General donations £87.488 Vvildwood is greatly apprec12tive for this support, which enables the prolettion of 8￿tISh wildlife. Financial review Going concern After making appropriate enquiiie5. the TIu5tees have a reasonabk expectation that the Company has adequate resources to o)nlinue in operational existen￿ for the foreseeable future. For this Teason. they continue to adopt the going conTrrn basis in p￿parIng the financial statements. Furthei details regarding the adoption Df the going concern b8sis can be found In the accounting poli￿es. Page 8 WILDWOOD TRUST (A Company Limited by Guarantee) TRUSTEES. REPORT (CONTINUED} FOR THE YEAR ENDED 31 MARCH 2024 Honorary TreasureVs Ststernent This ha5 been one of the most difficult and challenging years for WikYw(A)d TnJst: which in comrnon wrth oth Zoos operats.ng in the Untied Kingdom. has suffered from the ecor70mic headwnds affecting the sector. Once again thi5 f1nancial year proved lo be one of extrerne contrasts for Wildwood TrusL 11 was another highly successful year with regard to Ihe Trust's chafrtable obj-eciives. notabty the prestigiou5 Blean Project, where last year Bison were released into Blean Woods. This year the Bison have suc￿SsfUllY bred and Wildwood was able lo post film of the young calfs antics, however from a Iinanual perspective this proved lo be 3ni)ther bruising year for the Trust. Last year the Tyusl posted tis largesl defiut many years £461.362 induding a depreciation charge of £129.720 together with an oufflow of restricted funds of £59,879. Oumlows of restricted funds occur when the funding4onation has been recorded in an earlier financial year. In 2023 the Trust posted a loss of £271,763 before adjustments for depreciation and movement of restricted funds. This financial year the Trust has posted a deficit £531.441 induding a depreaatK)n charye of £109.869 and an oufflow of restricted funds of £236,262. The loss posted this year £185.310 before adjustfnenls for depreciation and movement of reslricted funds, indicates a positive direction of iravel. but the cumulative losses together with the cash used to purchase The Oaks last year £750.000, have we2kened the Trusts finances. The Oaks, which is a neighbouring property to the Kent stte. offeTS a range of inGOtne generating QPPOrtunities, but al present the Trust does not have the ability to fund the investment required. to devÈlop these inctsmÈ stro2ms. The Trust's expenses increased sharply post Covid. when staff were given catch up pay nses, and recruitment Increased lo fill gaps In the managemenl team. While costs rose in line with inflats"on. or above inflation for staff an rninimunT pay. income remained flat. Although a redundancy programme was undertaken tDwards the end of the last financial year. rising costs in the current Iinancial year accounted for the majority of the projected savings. The combinabon ol flat income rapidly rising costs are the rool cause ol the Trust's 105ses, with the purchase of The Oaks accounting for Ihe largesl element in the reduction in cash balances. The Trust's subsidiary Wildwood Escot Limtted operates the Trust's Devon Zoo. In recent years Wildwood Escol has made a positive contribution belore depreciation charges. in 2023 the compavy made a profit of £33,450 before depreciation tharges of £55,587. During the 2024 financial year Wildwood Escot made a loss of £48,490 before deprecialion. The loss appeared after yearend adiuslments al Escot's café and shop. The café and shop elemenls ol the TTusI's bus+ness h8ve Unde￿erf0mied for some time. V￿th the Trust's other subsidiary Wildwood Retail LiThited geneTatirEg a profrt of only £2,561 before depieThalion. Last year the Tnjsl made a substantial investment in new IT. problem5 wlh its implementation stifled Ihe Trust's arketing inilialives. due to difficulties in accessing membership dats. Although difticult to quantity. this was a contributory factor for the lack of growth in the Trust's income stream. Of greater concem was the delay in claiffling gift aid, again Gaused by difficulties wth one pa￿"CUlar component of the new IT. Debtors ballooned putting pressure on (xsh flow, and although now largely resolved, the Trust had to arrange short term finance for the fir51 limo lo cover this posilion. The cost of living crisis. Inflation and IT problems have resulted in some of the Most difficult tradiry conditions the Trust has faced for many ars. Trading conditions are unlikety to improve in the near ftjlure. and the executive wll be faGed wth di ICUR decisions in the coming year. however although the balance sheet has been denuded by the losses in It rpmains very lightly geared. John W ororaryTre Page 9 LDTNOOD TRUST (A Company Llmlted by Guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 Reserves Policy Wildwood Trust's reserves policy is to maintain sufficient contingency funding to enable operating acb'vilies to be maintained, tsking account of potential risks and eventualities that may arise trom time to time. The policy is review8d annually by the Trustees These are detailed within the accounts Principal risks and uncertainties The Trustees are satisfied that the executive team have assessed the major risks to which the charity is exposed and have èstablished 5yStems to mitigate those risks. These prO￿d￿reS are periodically reviewed to ensure that they still meet the needs ol the charity. Risk management is an inlegraled part of all organisational aCtNit￿S and pro￿dureS have been estsblished for the monitoring and mrtigation ol risk. As part of annual insurance review, the insurèrs require completion of a risk questionnaire, which if considered inadequate would result In refusal of cover or Increased p￿MIUms. The trust's approach Is to manage risks rather than lo allow them to overtake it Inspections under the zoo li￿nce also examine risks and preparedness. In both areas. the trust ha5 been found to be implementing best practi￿. Principal risks and uncertaintle5 detailed Continuing uncertainties arising from the ongoing impact on visitor numbers due to the Covid-19 pandernic. un￿rtaInty impacting on the trust relatsng to an outbreak of animal disease or escape", Weather impacis to environment, Infrastructure and Surfa￿ water." Change5 In the econownic environrnent". Cyber Security 2nd Data Proledion", Health and Safety. The trust is also conscious of the financial impact of the risks and strives to maintain adequate cash reserves to allow it to conts.nue to trade in event of risks which may impact its ability lo generate cashflow. Risk Assessment Risks are assessed according lo th￿r likelihood to occur and their potential impact on the trust. This provides a score that identifies the principal risks and the Grealion of controls to mitigate those risks. Regular drills are arranged lo ensure that stsff and volunteers remain current and vTgilant. Future Plans The Trust implemented, In 2021. a 5 Year Stialegy following wide consullalion with staff and Trustees. The mission, vision. key strategies and values have already been sel out above. Eight one-year targets were set for completion by April 2020. That date was missed because of Covid bul are now completed. In addib'on, len targets were set for completion by or trEfore April 2025. Similarty impacted by Covid, nevertheles5 o have been achieved, five more score at more than 60% complete". and, the remainder are antlQP2ted well within the targeted d8te. The strategy and related busirE5s plan are revie4ved annually by the execub.ve board and Trustees following each financial year end Structure, governance and management Constitution Wildwood Trust is regislerecl as a charitsble company limited by guarantee and was set up by a Trust deecl. Page 10 WILDWOOD TRUST IA Company Limited by Guarnntee) TRUSTEES, REPORT {CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 stnJctur8. govèrnance and management (continued) Methods of appointment or election of Trustees The management of the Gioup and the Company is the responsibility ol the Ttustees who are elected and CD- opted under the letrns of the Tfust deed. Organisational structure and decision-making policies The trustees have delegated day-1C￿daY running of the charity lo Ihe Director General, Paul Whitfield, who is supported by the executive team. Poll¢les adopted for the Induction and training of Trustees On appoinlrnenl. new Trustees. have an induction programrne to familiarise themselves with the wod( of the trust and their role requirements lnduth.ons cover their core responshbilitÈes plus a tailored section. personalised for their Indiv￿￿31 needs. Ongoing training is available through Mem1￿r$hips of organisalions such as Charity Finance GroLJP, Charity Tax Group and British and Irish Assoaab"on of Zoos and Aquariums. These organisabons provide onltne access to CPD courses regulady. Pay policy for key managernent personnel The pay policy ol the trust is approved by the Remuneration Committee. which may seek external legal advice. The RemLJneration Committee Is a sU￿())mM￿tee of the Trustee Board It is made up of one Trustee, the dire¢lor general and director of finanTr. The committee reviews the remuneration levels as part of the annual pay review, considering." the prevailing maTkel Gondilions." relevant external benchmarks", staff retention and satisfaction." the charity budget. fvlure plans and past performance_ 11 includes an annual review of executive team pay in line with performance. ststement of Trustees. responslbilltles T Ae Trustees (who are also the directors of the Company for the purposes of company lawl ar& responsible for preparing the Trustees. Report and the financial ststemenls *n accordarn￿ with applicablg law and Unite Kingdom Accounting Standards (United Kingdom Generally A￿pted Accoun11ng Practi￿1. Company law requires the Trustees to prepare Iinancial statements for each financial . Under company law. the Trustees musl not approve the financial statements unless they are Satisfi￿ that they give a true and lair view ol the stale of affairs of the Group and the Company and Df their Incoming reSoUr￿S and application of ￿SoL1rce$, Including their irtcome and expenditure: for that pericxj. In preparing these financial ststements, the Trustees are required lo.. select suitable aixounting policies and then apply them consistentty.. observe the methods and principles of the Charities SORP IFRS 102>", make judgments and accounting esb"mates that 3re reasonable and prudent-. slate whether applicable UK Accounling Standards IFRS 1021 have been followed. subject lo arsy material departures disclosed and explained in the financial statements". prepare the financial statements on the going con￿rn bas15 unles5 rt is inappropriate to p￿SuMe that the Group will continue in business The Trustees are responsible lor keeping adequate 8CCOUfltiThJ records that are sufficient to show and explain the Group and the Company's transactions and disdose with reasonable accura￿ al any b.me the fin8n¢ial position of the Group and the Company and enable them to ensure that the finan￿al statements comply with the Companies Act 2006. They are also iesponsible for safeguarding the assets of the Group and the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregulariligs. Page 11 WILDWOOD TRUST (A Company Lirnited by Guaranteel TRUSTEES. REPORT (CONTINUED) FOR ThE YEAR ENDED 31 MARCH 2024 Dlsclosure of inforniation to auditors Each of the persons who are TnJstees at the time when this Tnjslees. Report is approved has confirmed that. so far a5 that Trustee is aware, there is rK) relevant audit infotttEtion of which Ihe dierilable group's auditors are unaware. an that Trustee has taken all the steps that oughi to have been taken as a Trustee in order to be aware of any relevant audit infomialion and to establish that the charitable group's auditors are aware of that inform81ion. Auditors The auditors, Xeinadin Audit Limited, have indicated their willingne55 to tx)nlinue in office. The designated Trustees will propose a motion reappointing the auditor5 al a Tneeiing of the Truslees. Approve ord mbets of the board irf TTUStees and signed on their behalf by.. rus '. 2 Decemb 202 Page12 WILDWOOD TRUST IA Company Limitgd by Guarantgg INDEPENDENT AUDITORS. REPORT TO THE I*AIBERS OF WILDWOOD TRUST Opinio We have audited the financial statements of Wildwcxxl Trust Ithe 'pareni charitable company'} and its 5ubsidiarie5 (the 'group'l for the year ended 31 March 2024 which comprise the Consolidated Statement tsf Financial Activrf(ies, the Consolidated Balan1￿ Sheet. the Company Balance Sheet, the Consolidated Slalement of Cash Flows and the related notes: Including a summary of sonificant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Iieland. (United Kingdom Generally A¢￿pIed Accounting practi￿). In our opinion the financial statements-. give a true and fair view of the state of the Group's and of the parent charitable Company's affairs as at 31 March 2024 and ot the Group's Incoming resources and applicab.on of ￿SoU[￿S. including its Income an expenditure for the year then ended", have been properly p￿pared in accordance wrth United lQngdom Generally AC￿pIed Accounting Pra¢ti¢e." and have been prepared in accolttan￿ with the requiiernents of the Companies Act 20{￿ and the Charities Act2011. Basis for oplnlon We conducted our audit in accordance wrth Inlemational Stsndards on Auditing IUKI IISAS IUKII and appli￿ble law. Our responsibilities under those stsndards are fvrther desuibed in the Auditors. responsibilities for the audit of the financial statements sedion of our report. We are independent of the Group in accordance with the elhieal rgouirernenls that are relevant lo our audit of the financial slatements In the United lQ"ngdom. Induding the Financial Reporting Council's Ethical Stsndard. and w6 hav8 fulfilled our other ethical responsibilities In accordance with these requirement5_ We believe that the evKtence we have obtsined is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concem In auditsng the finanaal slaterTrents. we have conclud￿1 that the Trustee5' use of going concern basis of accounting in the preparation ol the financial statements is appropriate. Based on the work we have ￿rrOM)ed, we have not Identified any matenal Un￿rtaIntieS relath.ng to events or condrtions that, indiwdually or collectively. may cast signifir3nt doubt on the Group's or the parent charitable company's ability to continue as a going Con￿[￿ for a period of at least twelve months from when the financial statements are aulhorised for issue. Our re5ponsibilibes and the responsibilities of the Trustees wth respect to going conc£m are descnbed in the relevant secb.ons of this report. Page 13 WILDWOOD TRUST IA Comp#ny Limited by Guarantee) INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF WILDWOOD TRUST ICONTINUEDI Other information The other Informab"on comprises the infomiation induded in Ihe Annual RerKJrt other than the financial statements and our Auéitors. Report thereon. The Trustees are responsible for the other information contained within the Annual Report Our opinion on the financial statements (Joes not cover the other information and, except to the ex1ent otherwise explicitly slated in oui report, we do not express any form of assuran￿ conclusion thereon. Our responsibility is to read thè other infomiation and. in doing so. consider whether the other information is materially incon5iStent with the finanual statements ￿ our knowledge obtsined in the course of the audit, or otherwise aprEars to ￿ materialty misstated If we Idenb'fy such material inconsistencies OT apparent material misslalemenls, we are required to delerrlline whether this gives rise to a material misstatement in the financial statements themselves If, based on the work we have performed. conclude that there Is a matèrial misstatement of this other infomialion. we are required to report that fact. We have nothing to report In this regard. Oplnlon on other Matte￿ prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit.. the Information given in the Trustees. Report for the financial year for which the financial slatefflenls are prepared is consistent with the financial statements. the Truslee5' Report ha5 been prepared in accordan￿ with applicable legal requirements Matters on which we are required to report by exception In the I￿ht of our knowledge and understanding of the charitable company and its environment obtained In the cours& of the audit, we have not Identsfied malenal misstatements in the Trustees. ReKX)rt. We have nothing lo report in reSt￿cl of the followng matters in relab.on lo which Companies Act 2006 requires us to report ID you if, in our opinion.. the parent charitabk company has not kept adequate and s5Jfficient accounting records, or returns adequate for our audit have not been received from branclEs not visited by us.. or the parent charitable company financial statewnents are not in agreement with the a￿untI[￿ records and relums". or certain disclosures of Trustees. remuneration specified by law are not made.. or we have not received all the information arld explanations we require ft)r our audit", or the Trustees were not entstled to prepare the financial statetnents In accordan￿ with the small companies regime and take advantage of the small companies. exempttons in prepanng the Trustees. Report and fiom the requirement to prepare a Strategic Report. Responsibilities of trustees As explained more fully in the Tiustees. Responsibilities Ststement. the Trustees (who are also the directors of the charitable comparby for the purposes of cotnpany lawl are responsible for the preparation of the financial statements and for being $811sfied that they give a true and fair view. and for such internal control as the Trustees deterrnine is n￿SSary to enable the preparation of Iinancial statements that are free from material misstatement, whether due to fraud or errol In preparing thè financial statements the Trusteès are re5FK)nsiblè fr)r assessing the Group's and the parent charitable companys abilrty to continue as a going cOn￿r￿. disdosing. as applicable, matters related to going concern and using the going Ix)ncem basis of accounting unless the Trustees either intend to liquidate the Group or the parent charitable company or to cease opeiabons. or have no realisbc allemative bul to do so. Page 14 WILDWOOD TRUST {A Compftny Limited by Gu•rnntee) INDEPENDENT ALIDITORS. REPORT TO THE MEMBERS OF WLDVVOOD TRUST ICONTINUEDI Audltor8' responslbllltfes for the audlt of the flnan¢lal Statements Our objectives are to oblan reasonable assu[ar￿ abcxjt whother the financial 5ts1ements 85 2 whole ate fre8 from material misstatement, whether due lo tra£￿ or error and to issue an Auditors. Rewrt that includès our opinion. Reasonatsle as￿ran￿ is a high level of a55urance. but Is not a guarant8e that an audit ¢OTKJucied in accordance with ISAS IUKI wll aws detect a malerial misststement when rt exists. Misstat8m8nts can grise frorn fraud or error and are CA)nS￿ered material il. IrKJiwdually or in the aggregat8, they Gould rEgsonably gxpecled lo infiuence Ihe economic decisions of users taken on the basts of these financaal ststemenls. Irregularities, induding fraud, are instances of non<0Mplian￿ with laws and (egulats"ons. We design procedures in line with our respOn￿billI1@s. txrtlined above. lo deiett maten.al mi8ststements in respect of irregularities. including traud. The extent to which iyur procedure5 are caPa￿e of detecting vregularib"es, including is detailed telow". Audit proc&Jures perfonned by the engagement team included.. Gaining an exlensive knowkdg8 anbty and 8nvironment Obtaining a suffi(x8rrt Unde￿taNding of the intern* environmenL induding control systsms In place for the cetection and prevention of fraud Evaluatins said systems to detemiine whether they are (yerating lo a satisfadory Jevel and are providing the right level of eonlrol and authorisation wrthin the entty. Understsndiny the er*tWs current adivities. assets and liabilities 8nd comparing these to the entitys chantable O￿.e￿veS and aims Discussions wrth managgmenl and th0￿ charged with govem8nce as lo any known or sUSP&Cted instartts ol roncompliance wilh laws and regUlat￿nS, ncludirwj fraud. Reactin9 minutes of meetings of those tharged witr. govemanc¢ and comparing these lo what is reflected in the statutory aco)unts. A further descxipton of our responsibilitEs for the audit of the financial ststements i% located Dn the Financial Reporting Council's ￿Eb￿te aL' W￿.fr ibilities This description form5 part of our Auditors. ReporL U80 of our roport This rerK)rt is mad8 501ely kn the charitable rxJmpanYs trLtstees. as a body. in accordan￿ wilh Chapter 3 of Part 16 of Ihe Companies Act 20(E. aThJ lo the charrtable rnmpanls trustees. as a body, Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that wa might state to the charitsble companys yustees those matters we are required lo state lo them in an AuJitors' Report and for no other purp)se. To the lulle5t gxt8nt pernirtted by kw. ¢Jo not ￿e￿pt Dr assume responsibility to anyone other than the charitsble cornpany and its members. as a body. ftsr our aLKlit w(Yk. foi this report. or for the epinions we have fonned. Nicholas Hurng FCA Isenlor Ststutory Auditor) for *)d on behalf ol X91nadln Audit Limited Chartered Accountsnts Stgtutory Auditors 12 Conqueror Court Sittingboume Kent ME10 58H 2 December 2024 Page 1) WILDWOOD TRUST IA Company Limited by Guarantee) CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES {INCORPORATING INCOME AND EXPENDITURE ACCOUNTI FOR THE YEAR ENDED 31 MARCH 2024 Unrestricted funds 2024 Restricted funds 2024 Total funds 2024 Total funds 2023 Note Income from: Donations and legacies Charit8ble activtties Other trading activrties InvestrTTenls Other income 87,488 2.750,423 700,987 2.640 11.940 154,722 242,210 2,750,423 700.987 2.640 11,940 253,840 2, 66Q,893 774.672 4,340 11,940 Total income 3.553,478 154,722 3,708.200 3, 705.685 Expendlture on: R21sing funds Charilabse activities 1,847.807 2.000,850 1.847.807 2.391,834 990, 224 3. 176.823 390.984 Total expenditure 3.848,657 390,984 4,239,641 4,167,047 Net movement in funds (295.179) (236.2621 {531,441) (461,362J Reconciliation of funds: Total funds brought forward Nel rnovement in funds 2,067.228 (295.179 303.680 (236.2621 2,370.908 (531,4411 2,832,270 (461,362) Total funds carrl•d forward 1,772.049 67N18 1,839,467 2, 370,908 Page 16 WILDWOOD TRUST IA Company Limited by Guarantee) REGISTERED NUMBER: 04399827 CONSOLIDATED BALANCE SHEET AS AT 31 MARCH 2024 2024 2023 Note Flxed assets Intangible assets Tangible assets 13 51,667 1.647,607 56,057 1, 715, 300 14 1.699,274 1, 771, 351 Current assets Stocks Deblcirs C85h at bank and in hand 16 17 51,953 354.066 248.235 62, 693 136.220 826,916 654.254 1.025,B29 Credrtors.. amounts falling due within one year 18 1311.511) [249, 687) Net current assets 342,743 776, 142 Total assets less current liabilities 2.042.017 2,547.493 Creditors.. amounts falling due after more than one year 19 1201S50) {176.585) Total net assets 1.839.467 2.370, 908 Page 17 LDWOOD TRUST IA Company Limited by Guarantee) REGISTERED NUMBER: 04399827 CONSOLIDATED BALANCE SHEET ICONTINUEDI AS AT 31 MARCH 2024 2024 2023 Note Charity funds Restricted funds Unreslncled funds 20 67.418 303,680 Designated lunds General funds 20 1.250.000 522.049 2,113,740 (45, 912) 20 Total unrestric18d funds 20 1.772.049 2,067,228 Total funds 1.839.467 2,370,908 The Company was entitled to exemption from audii under sedion 477 of the Companies Act 2006. The ￿em￿rS have not required the entity to obtain an audit for the year in question in accDrdanGe wfjlh section 476 of the Cornpanies Act 2006_ However: an audil is required in accordance wilh section 151 of ihe Charities Acl 2011. The Trustees admowledge Iheir responsibilities for complying with the requirements of the with respect to accounting fftcords and preparation of financial statements_ The financial statements the small companies reg beert prepared in accordance with the pro￿S1onS applicable to enlities subject to The financial stat ere pproved and authorised foi issue by Ihe TnJsLees and signed on their behalf by.. (Trustee ate.. 2 Dec er20 The notes on pages 22 lo 40 form part ol these financial statements. Page18 LDWOOD TRUST IA Company Limited by Guardntsel REGISTERED NUMBER: 04399827 COIIJPAKf BALANCE SHEET AS AT 31 MARCH 2024 2024 2023 Note Flxed assets Intangible assets Tangible assets Investrnenis 13 51,667 1.569,859 45,766 56.051 1,091,103 545. 766 14 15 1.667.292 1, 693,520 Current assets Debtors Cash at bank and in hancl 17 690.429 214,375 478,410 140,833 904.804 1,219,243 Credrtors. amounts falling due within one year 18 {200.3251 f171,187J Net current assets 704,479 1, 708,062 Total assets less current liabilitiès 2.371,771 2,801,582 Totsl net assets 2.371,771 2,801,582 Page 19 V¥ILDWOOD TRUST IA Company Limited by Guarantee) REGISTERED NUMBEFi. 04399827 COMPANY BALANCE SHEEf {CONTINLIED) AS AT 31 MARCH 2024 2024 2023 Note Charity funds Restricted fund5 Restricted funds Unreslrtcled funds 20 108.282 303,680 20 108,282 303,680 Designated funds General funds 20 1.250,000 1,013,489 2,113.140 384. 762 20 Total unrestricted funds 20 2.263A89 2,497.902 Total funds 2,371.771 2.801,582 The Companls nel movement in funds for the year was £{388. 1001 (2023- £(229, 739)J- The Company was entitled to exempb'on from audit under sectton 477 of the Cornpanies Act 2006. The members have not required the enlily lo obtsin an audit for the year in question in accordance with section 476 of the Compani9s Act 2006. However, an audit is requiied in accordan￿ with section 151 of the Charities Act 2011. The Trustees acknowledge their responsibilities for complwng with the ￿qUIrementS of the Act wth respect lo accounting records and prepaiation of financial statements. The financial slalemerbts h the sm811 companies regi e been prepared in accA)tdance with the provisions applicable to entities subject to The financial slat nt tre approved and aulhorised for issue by the Trustees and signed on their behalf by.. (Trusleel ale.. 2 Decem 2024 The pages 22 10 40 f¢m part of these financial ststements. Page 20 WILDWOOD TRUST IA Company Limtted by Guarantee) CONSOLIOATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Cash flows from operating activities Net C2sh used in operating activilEs 1525,4651 (285,282) Cash flows from investing activities Dividends, Interests and rents from investments Purchase of intsngible assets Pur¢ha5e of tangible fixed assets 2,640 {13.680 {42,176) 4,340 (61,140) (798. 177) Nèt Cash used in investing activities {53,216) {B6S,5711 Change ID cash and cash equivalents In the year Cash and cash equivalents at the beginning of the year {578,6811 (1,140,853) 1,96T,769 826,916 Cash and cash equivalents atthe end ofthe year 248,235 826,916 The notes on pages 22 to 40 form part of these financial statements Page 21 WILDWOOD TRUST (A Company Limtted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accountlng pollcies 1.1 Basis of preparation of financial statements The financial statements have been prepared in accordance with the Charities SORP IFRS 1021 Accounting and Reporb"ng by Charrties-. Statement of Recommended Practice applicable lo charities preparing their accounts In accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 2019>, the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Wildwood Trust meets thè definition of a public benefit ent1ty under FRS 102. Assets and liabilities are initially rec￿nISed al historical cost or Iransaclion value unless othe￿iSe slated In the relevant accounting policy The Con501idated Statement of Financial Activities ISOFAI and Con501idaled Balance Sheet Consolidate the financial statements of the Cotnpany and its subsmyiary undertaking The results of the subsKliary are consoliclated on a line by line basis. The Company has taken advantage of the exempb.on allowed under se¢bon 408 of the Companies Act 2006 and has not presented its own Statement of Financial Activities in these finarrial slatemenls. 1.2 Income All income is recognised once the Company has ent￿eMent to the income. it is probable that the income will be received and the amount of income r￿1Vable can be measured reliably In￿me lax reGoverable in relBb"on to investment incowne is reoDgnised al the time the investment income is re￿Nable. 1.3 Expendlture Expenditure Is recognised once there is a I￿al or constructive obligation to transfer economic benefft to a third paty, it is probable Ihal a transfer of economic benefits will be reouired In settlement and the amount of the obligation can be measured reliably. Expenditure is classified by actt"vity. The costs of each activity are made up of the total of direct costs and shared cosls. including support costs involved in undertaking each activity Direct costs attributable to a single activity are allocated diieetly to th31 acb.vity Share(S costs which contribute to more than one actiwty and support costs which are not attributable to a single a¢livity are apportioned be￿een those aclNities on a basis consistent with thè tjse of reSoUr￿s. Central staff costs are allocated on the bags of b.me spent. and depreciatiDn charges allocated on the portion of the asset's use. Expenditure on chanlable activities is incurred on directly undertaking the activities wh1ch further the Group's objectives. as well as any associated support cosls. All expenditure Is Inclusive of Irrecoverable VAT. 1.4 Interest receivable Interest on funds held on deposit is included when re￿Ivable and the amount can be measured reliably by the Group.. this is nom)ally upon notificAtion of the interest paid or payable by the inslitutic>n with whom the funds ate deposrted. Page 22 WILDWOOD TRUST (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies l¢ontinued) 1.5 Intsngible assets and amortisation Intangible assets costing £NIL or rnore are rapitalised and recoJnBed when future economic benefits are probable. and the cost or value of the asset can be measured reliably. Intangible assets are initially recognise(18t cost. After reo)gnilion. under the cost model, Intangible assets are measured al cost less any accumulated amortisation and any accumulated impairm&nl losses. Amortisation Is provided on intangible assets al rates calculated lo write off the cost of each asset on a str21ght-line basis over ils expected usefvl life. Arnortisatson is promded on the following bases." Computer software Goodwll 20 Yo Straight line 20 °k straight line 1.6 Tanglble fixed asseis and dopreciation Tangible fixed assets costing £NIL or more Bre capit3lised and recognised when fLrture economic benefrts are probable and the Cost or value of the asset can ￿ measured reliably. Tangible fixed assets are initially iecognised at cost. After rpcognition, under the c05t model, tangible fixed assels are measured at ¢osl less accumulated depreciation and any a¢cumLJlated impairment losses. All costs incurred to bling a tangible fixed asset into its Intended working condition should be included In the measuiement of cost. Depreciation is charged so a5 lo allocate the CL>5t of tangible fixed assets less their residual value over their eslimaled useful lives. Depreciation is provKJed on followirg basis.. Freehold propèty Long-term leasehold property Plant and machinery hljotor vehides Fixtures and fittings 2% on cost 1 OOA on cost 1 OYO on cost 100fi on cost 10% on cost 1.7 Investments Fixed asset investments are a form of financial Instrument and are initially reC￿niSed at their transaction cost and subsequently measured at fair value al the Balan￿ Sheet date, unless the value cannot be measured reliably in which CAse it is measured at cost less irnpairment. Ifivestrne￿t gains and losses, wheihÈr realisÈd or unrealised. are combined and presented as 'GainsllLossesl on investments in the Consolidated Statement of Financial Acb'vitps. 1.8 stocks stocks are valued al the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost inc5udes all direct costs and an appropriate proportlDn of fixed and variable overheads_ Page 23 WILDWOOD TRUST {A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies (continued 1.9 Debtors Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prep8yment5 are valued at the amounl prepa￿ net of any trade discounts due. 1.10 Cash at bank and in hand Cash at bank and In hand includes cash and 5hort-terrn highly liquid investments with a short maturity of three months or less from the date of BCqUiStDon or opening of the depo5rt Dr similar account. 1.11 Liabilities and provisions Liabilities are recognised when there is an obligatior) at the Balan￿ Sheet date 8S 8 result of a past event, It Is probable that a transfer of economic benefit will be required in settlement, and the arnounl of the settlement Can be estimated rèliably_ Liabilities are recognised al the amount that the Comp2ny ants'opates it wll pay to settle the debt or the amount (t has received as advance(I payments for the goods or Se￿￿5 il must provide. Provisions are measured at the best esb.mate of the amounts required to settle the obligation. Where the effeci of the lime value of money is material, the provision is based on the present value of those amoijnts, discounted at the pre-tax discount rate that retlects the risks specific to the liability. The unwinding of the discount is recognised in the Consdidated Staternent of Finanoal Activities as a finan￿ cost. 1.12 Financial instrurnents The Group only has finanual assels arn1 financial liabilities of a kind that qualify as basic financial instrijmènts B3sic firlancial instrumonts are inrtially r8cognised at transaction valua and subsequently measured at their settlement value with the exception ol bank IDans which are subsèquently measured at amorbsed c05t using the effective interest method. 1.13 Pensions 1.14 Fund a¢countlng General funds are unrestricted fvnds which are available for use al the discretion of the Trustees in furtherance of the general objectives of the Group and which have not been designated for other purposes. Designated funds comprise unrestricted funds that have been set Bside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statement5. Restrieted funds are funds which are to be used in accordance wilh speufic restrictions Imposed by donors 01 which have been raised by the Group for particular purposes. The costs of raising and administering such funds are tharged against the specific fijnd. The aim and use of each restricted fund is set out in the notes tD the financial statements. Investment income, gains and losses are all(x31ed to the appropriate fvnd. Page 24 WILDWOOD TRUST (A Company Limiteql by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Income from donatlons and legacie5 Unrestrieted Restricted funds fundg 2024 2024 T¢)tsl funds 2024 Total funds 2023 Donations 87.488 154722 242.210 253,840 Total 2023 106,80T 147,033 253.84Q Income from charitable actlvitie5 Unrestricted funds 2024 Total funds 2024 Total funds 2023 Animal collection- Admissions and events Animal c£sllection - Membership subscripb"on5 ConservatlDn programmes Education 927,464 1,543,301 50.650 229.008 927,464 1.543.301 50,650 229,008 945, 754 1,468,541 46, 187 200.417 2.750.423 2,750.423 2. 660,893 Total 2023 2.660,893 2. 66Q 893 Page 25 WILDWOOD TRUST (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Income from other trn¢ing activities Income fmm non charTtable trading activlties Unrestricted funds 2024 Total funds 2024 Total fvnds 2023 Sales Other Income Corporate and kickstart income 694.897 6,090 694,897 6,090 734, 877 2.692 37, 103 700.g87 700,987 774, 672 Total 2023 7T4, 672 774.672 Investment income Unrestricted funds 2024 Total funds 2024 Tot81 funds 2023 Bank Interest receivable 2,640 2,640 4.340 Total 2923 4,340 4,340 Other incoming reSOUTces Unrestricted funds 2024 Total funds 2024 Total funds 2023 Other operating income 11,940 11.940 11,940 Total 2023 11.940 11,940 Page 26 WILDWOOD TRUST {A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Expenditure on raising funds Other Irading expenses Unrestrlcted funds 2024 Total funds 2024 Total fvnds 2023 offi￿ expenses - Other Cost of other trading aclivrties Administration expenses Adtllini5tration staff costs Administration depreciation 153,549 510,746 320.774 860,974 1.764 153.549 510,746 320.774 860.974 1.764 11,784 738.963 239,477 1,847.807 1.847.807 990,224 Total 2023 990.224 990,224 Analysis of expenditure on charitable activities Summary by fund type Unrestricted Restricted funds funds 2024 2024 Total 2024 Total 2023 Animal colkction costs, education and conservation 2.000,850 390,984 2,391,834 3, 176.823 Total 2023 2.969.911 206.912 3, 176, 823 Page 27 WILDWOOD TRUST IA coM￿nY Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Analysis of expenditure by activitie5 Activities undèrtakèn directty 2024 Support costs Total funds 2024 Total fvnds 2023 2024 Animal collects'on (x)sts, educab.on and conservation 2.385.834 6.000 2,391.834 3, 1 T6,823 Total 2023 3.169.193 7,630 3, 176, 823 Analysis of support costs Total funds 2024 Total funds 2023 Acllvlties 2024 Goveman￿ cost5 6.000 6,000 7,630 Total 2023 7, 630 7,630 Auditors. remungration 2024 2023 Fees payable to the Companys auditor for Ihe audit of the Companys annual accounts 7,S94 7.594 11. Staff costs Group 2024 Group 2023 Company 2024 ConFpany 2023 Wages and salaries Soaal security costs Other pension costs 1,881.536 150.449 50,549 2. 120,504 770.191 60,026 1,080.681 101,699 39,180 1, 340,384 119.486 49,484 2.082.$34 2, 350. 721 1.221,560 1, 509,354 Page 28 WILOWOOD TRUST IA Company Limited by Guardntse NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Stsff Costs (continued The average number of persons employed by the Company during the year was as follows". Group 2024 No. Group 2023 No. Average number of staff 735 The number of èmployèes whosè employee benèfits lexcluding employer pension costsl extreded £60,000 was. Group 2024 No. Group 2023 No. In the band £90.001 - £100.000 The key man3gemenl personnel of the Charity comprise the trustees. the Director General and Directors of". Zoo Operations. Conservation. Extemal Relations and Finance. The total employee benefits of the key management personnel of the charity were £241.66012023- £285.6561. 12. Trustees, remuneration and expenses During the year, no Tnjstees received any remuneration or other benefits {2023- £NIL). Trustees were reimbursed expenses amounting to £575 during the year (2023 - £1.5831 No chartty trustee re￿iVed payment for profe5sion81 or other services supplied to the chanty12023- £Nill. Page 29 WILDWOOD TRUST IA Company Llmited by Guardntee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 13. Intangible assets Group Wobsita and brand Goodwill Totsl Cost Al 1 April 2023 Additions 61,140 13,680 45,765 106.905 13,680 At 31 March 2024 74,820 45,765 120.585 Amortisation At 1 April 2023 Charge lor the year 5,089 18.064 45,765 50,854 18,064 At 31 March 2024 23,153 45,765 68.918 Net book value At 31 Ma￿h 2024 51,667 51,667 At 31 Mèrch 2023 56,051 56,051 Page 30 WILOWOOD TRUST IA Company Limited by Guardntee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Intsngible assets {continued) Company Computer software Cost At 1 April 2023 Addition5 61.140 13.680 Al 31 March 2024 74.820 Amortisation Al 1 April 2023 Charge for the year 5,089 18.064 Al 31 March 2024 23,153 Net l)ook value Al 31 March 2024 51,667 At 31 March 2023 56.051 Page 31 Ln < ¢J C* 73 VJW