2020-12-31-accounts - The Bristol Clifton And West Of England Zoological Society Limited

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						Bristol Zoo	Bristol Zoo
			Conservation,			Gardens
Trustees	Board of Tnlstsss	Audit and Risk Committee	Ethics and Suslalnabelty Committee	Finance and Business Committee	People Committee	Enterprises Board of Directors	Ltd	Pension Fund Trustees
Charlone Moar victoria Ash Chrlstogher Booy Malcolm Broad David Essm Peaches Golding Claire lsdkln Michael Les Prof Rlchenl Pancast Dr Shesa Psnkhumt Prof Diana Doran Andrew Menyn-Johns	C M M M M M M M M M M M		M C M	M M C		C M M M M M M M M M M M
Em~to ees
Dr JusUn Morris
Dr Chrlsloph Schwltzer
Angels Malher
Charloaa Brown
Gary Box
Bifan Zlmmennan
Francascs Fryer
Mlchase Borrows
DiSue Dow
Dr Gralnne Mccabe
Others
James McAltlwn
Ben Bgslasd
Pnlf Michael Sndord
Richard Clarke
Prof Rob CuUtben Or Mhilrl Gibson								M C
Jsnnder noways
Wasam Msrshas
Prof M'ideal Mendl			M
Prof Frank Smhh			M
Emma Woogss
Simon Garrett
Phl Jeers								M
								M

					Unrestricted	Restricted	Total	Total
					funds	funds	2020	2019
				Note	E000	6'000	8'000	E000
Incame:
Donafions &legacies					346			626
Income from charitable	activities:
Bristol Zoo Gardens				2(a)	3,891		3,891	6,383
Wild Place Project				2(b)	1,696		1,898	2,083
Conservation &research projects				2(c)			Zee	428
Income fram commercial		trading operafions		3(b)			808	2,286
Inveslmentincome				Xa)			443	526
Government Grants				3(c)		512	512
Other Income				3d	2500		2500
Total income					9682	778	10480	12,332
xceptlonal Income: Insurance			claim	3(d)	2,500		2,500
ncome: underl n					7182	77$	7980	12332
Expenditure
Expenditure on raising funds:
Fundralslng
Commerdal trading operafions								1,747
Investment mana ament		costs			29		29	68
					1,217		1,217
Expenditure on charitable		activities:
Bristol Zoo Gardens					6,216		6,672	6,657
Wfid Place Project					2,161	58	2,217	2,299
Canservafian &research ~eats					325	286	611	640
Total ex ndlture						798	10717	11.595
Net (expendltvre)/Income		before investment
(losses)/gains					(237)	(20)	(257)	737
Net losses ins on Investments				10	203		203	1 001
Net (expenditure)/income		far the year			(440)	(20)	(480)	1,738
Other recognised gains/(losses);
Actuarial (losses)/gains		on defined benefit pension
scheme				19	495		495	162
Net movement In funds					935	20	$55	1900
ceptlonal Income					2,500		2,500
et movement In funda		underl	in		3,435	20	3,455	1,900
Total funds carried forward					42,$11	$0S	43,418	44 371

					Noie	Group 2020	2019	8ociety 2020	2019
						8'000	f'000	8'000	f'000
Fixed assets
Tangible assets						37,947	36.094	37,047	38.994
Investments					10	3,822	6,836	3,822	6,838
investment in subsidiary company
Animals								1	I
Total fixed assets						~41570	45633	41 570	45833
Current assets
Stocks						85	63
Debtors falling due		within		one year	12	1,030	496	1,919	390
Cash at bank and	in		hand			2,080	1,141	2,028	913
Total current assets						4,078	1,720	4.847	1,303
Creditors: amounts			failing due within one year		13
7otal assets less Creditors: amounts year		current liabilities falling due after more than one			14	~1. 37~6 43,280 45,110		43r233	44,710
Net assets excluding			pension asset			43,280	43,734	43,233	43,334
Defined benefit ension asset					19	1$8	637	1$8	637
Net assets includi				nolan asset		43418	44 371	43389	43,971
Funds:
Share capital					15
Unrestricted Income			funds
Designated funds					16	39,957	40,714	39,957	40,714
Other unrestricted	funds				16	2798	2495	2,771	2,095
Total unrestricted		funds		before pension asset		42.756	43,200	42,728	42.800
Pension reserve Total unrestricted		funds		after fxmston asset	19	158 ~491I	637 43,846	158 42s884	43,446
Restricted funds					17	50$	525	505	525
Total charity funds					16	43,418	44,371	43389	43,071

								2020	2019
							Note	8'000	6'000
Net cash used I nerated from o				ratln	activities		20	649	2,752
Cash flow from Investing	activities:
Dividends and Interest
Purchase ofproperly, plant	and equipment							(235)	(3,379)
Proceeds from sale ofAxed	assets
Purchases of Invesanenbr
Proceeds from sale oflnvesbnents								2892	122
Net cash nerate absorbed		Investi			activities			2668	325
Cash flow from Rnanclng	activities:
Re ants of borrowln								290	520
Net cash used in flnancin	activities.							90
Net increase/(decrease) in cash and cash equivalents						in the year		1,729	(1,025)
Cash and cash ulvalenls	atlheb		innin	of the esr				1251	2 276
Total cash and cash e uivalents		at	the and ofthe			ar	21	2,080	1,251
Cash and cash equivalents	consist		of:
								8'000	E000
Cash at bank and in hand								2,980	1,141
Cash de ossa for reinvesimenl									110
Net cash								2980	1251

							Consolidation
					Socieiy	BZE Ltd	adjustments	Total	Total
					2020	2020	2020	2020	2019
					E'000	E'000	E'000	f'000	f'000
Income					9,781	1,018	(339)	10,460	12,332
Ex enditure					10065	991	339	10717	11595
Net Income before Investment losses I aine					(284i	27		(257i	737
st	funds	ofthe subsidiary		company:
								2020	2019
								f'000	E'000
Aggregate			assets					180	543
		ate	liabilities					133	143
A	re	ste	funds					27	400

			Staff	Other direct	Support	Governance
			COStS	costs	costs	costs	2020	2019
			E'000	E'000	f'000	E'000	8'000	E'000
Expenditure on	raising	funds:
Fundraising			188	10			198	184
Commercial	trading		236	752			990	1,747
Investment	mana	ament costs					29	68
Total expenditure on funds		raising	428	791			1,217	1,999
Expenditure on	charitable activities:
Bristol Zoo Gardens			2,296	1,507	2,435	434	6,672	6,657
Wild Place Project			871	534	674	138	2,217	2,299
Conservation	and research		37	249	325		611	640
ro acts
Total expenditure on activities		charitable	3,204	2,290	3,434	572	9,500	9,596
Total ex endlture			3,830	3,081	3,434	572	10,717	11,595

Prior year comparatives	Prior year comparatives
				Staff	Other direct	Support	Governance
				costs E'000	costs E'000	costs E'000		costs E'000		2019 E'000	2018 E'000
Expenditure on raising	funds:
Fundraising				128	56					184	245
Commercial trading				521	1,226					1,747	2,039
Investment mana	ament costs			8	60					68	41
Total expenditure on funds	raising			657	1,342					1,999	2,325
Expenditure on charitable		activities:
Bristol Zoo Gardens				3,278	751	2,149			479	6,857	7,148
Wild Place Project				1,041	399	682			177	2,299	1,564
Conservation and research roacts				230	330	80				640	728
Total expenditure on activities	charitable			4,549	1,480	2,911			658	9,598	9,440
Total ex enditure				5,206	2,822	2,911			BSB	11,S9S	1176S
Allocaion ofsupport costs:
				Staff costs E'000	Other costs E'000	2020 E'000	Staff	costs E'000	Other costs E'000		2019 E'000
Bristol Zoo Gardens				1,123	1,312	2,435		15		2,134	2,149
Wild Place Project				314	360	674				682	682
Conservation and research			cts	315	10	325		40		40	80
				1,752	1,682	3,434		55		2,856	2,911
Support costs have been allocated on the basis ofthe number ofemployees engaged in charitable activities and include the costs ofthe Bnance department, maintenance, utilities, admissions, governance costs and a proportion ofinecoverable VAT.
Allocation ofgovernance	costs:
				Staffcosts E.'000	Other costs E.'000	2020 E'000	Staff	costs E'000	Other costs E'000		2019 F'000
Bristol Zoo Gardens				224	210	434		259		220	479
Wild Place Project				71	67	138		72		105	177
				295	277	572		331		325	656

6 Net income/(expe	nditu	re	)
						2020	2019
						E'000	E'000
Nst (expenditure)/income for the year			is stated alter		charging/(crediting):
Operating lease payments:
Plant, machinery and vehicles						21	27
Depreciation						1,286	1,143
Loss on disposal offixed asset						18
Trustee indemnity insurance
Auditors' remuneration for.
Audit services (Society: E14,800(2019:E14,800))						18	18
Other services —taxation	advisory services
Other services —taxation	and	other com lienee services
Ths other services represents	advice on VAT.
7 Analysis ofstaff	costs
						2020	2019
						Number	Number
The average monthly head count was			236staff (2019;244 staff). The average
monthly number offull time equivalent			employees	during the year was:
Generating voluntary income
Bristol Zoo Gardens						98	102
Wild Place Project						32	31
Commercial trading							14
Conservation &research projects						14	15
Su ort						41	38
						201	205
						2020	2019
Staffcosts						E'000	E'000
Wages and salaries						4,994	5,029
Social security costs						424	423
Contributions to defined contribution		pension scheme			(see note 19)	192	173
Dsathin-service benefits and ensions			to former staff			19	17
						5629	5642
None ofthe above staff costs have been capitalised					in the year (2019:E50,400).

9 Fixed asse	ts
		Freehold	Leasehold
		operational	operational				Assets
		land &	land &	Plant &		Motor	under
Group 8 Society		buildings	buildings	machinery	vehicles		construction	Total
		E'000	E'000	E'000		E'000	E'000	E'000
Cost or Valuation
At 1 January 2020		42,605	121	2,935		29	16	45,706
Additions				105		16	109	235
Transfers		16		26			(42)
Disposals							(16)	(te)
Transfer to Investments
At 31December 2020		42.626	121	3066		45	67	45925
Accumulated depredation
At 1 January 2020		4,684	92	1,907				5,712
Cha ein ear		1004	4	257		1		12ee
At 31December 2020		5688	96	2,164		30		7,978
Net book value
At 31December 2020		36,938	25	902		15	67	37,947
At 31 December 2019		37,921	29	1,028			16	38,994
Some ofthe properbes have been used as security for			bank loans and other arrangements,			the details ofwhich are		provided
in notes 13and 24.
The land and buildings	valued at the date oftransition		to FRS 102using the deemed		cost exemption was asfollows:
							2015
Grou and Socle							E'000
Historical cost equivalent							3,953
Revaluation							32807
)set book value							36760

10 Investments	10 Investments
Group and Sotfiety		Investment Properties E'000	Listed and other investments E'000	Cash for reinvestment E'000	Total E'000
Cost or valuation	at 1 January 2020	3,622	3,106	110	6,838
Additions			276	475	751
Fees				(11)	(11)
Disposals at opening market value			(475)	(276)	(751)
Cash transferred	to Society		(2,704)	(298)	(3,002)
Net sinai losses			203		203
Nst book value
At 31December	2020	3,622			3,622
At 31 December	2019	3,622	3106	110	6,838

		Group 2020 E'000	2019 E"000	Society 2020 E'000	2019 E'000
Deferred income at 1 January		740	721	710	663
Amount released from previous periods		(740)	(721)	(710)	(663)
Incomin resources deferred in the	ar	598	740	571	710
Deferred income at 31 December		5$8	740	571	710
14 Creditors: amounts	falling due after more than one		year
Group and Society				2020	2019
				E'000	E'000
Bank loans repayable in instalments	within one to two years				509
Bank loans repayable in instalments	within two to five years				667
Bank loan abls in instalments	afier more than fiv~ears
					1 376

15 Share capita)
	2020	2019
Authorised - value	6350	E350
Allotted, called up and fully paid shares ofE1
-value	6275	f275
-number	275	275

		Balance 1 January 2020 E'000	incoming resources E'000	Resources expended E'000	Transfers, investment gsins/(losses) pension surplus E'000	Balance 31 December 2020 E'000
Designated funds
Staff development	fund	9				9
Fixed asset reserve		37,083		(1,266)	509	38,326
Investmsnt property reserve Total designated funds		3,622 40,714		(1,286)	509	3,622 39.957
Pension reserve		637			(481)	156
Other unrestricted Total unrestricted	funds funds	2,495	9,682 9,682	(8,667) (9,$33)	(712) (684)	2,7$8 42,911

							Transfers,	Transfers,
				Balance			investment		Balance
			I	January	Incoming	Resources	gains/(losses)		31December
				2020 2'000	resources 6'000	expended BOOO	pension	surplus B000	2020 6'000
Designated funds
Staff development		fund		9					9
Fixed asset reserve				37,083		(1,266)			36,326
Investment property		reserve		3,622					3,622
Total designated	funds			40,714		(1,266)		509	39,957
Pension reserve				637		14		(495)	156
Other unrestricted	funds			2,095	9,003	(7,629)		(698)	2,771
Total unrestricted		funds		43,446	9,003	(8,881)		(698)	42,884

Group				Net current
		Fixed		assets less	Long term	Pension
		assets	Investments	liabilibes	creditors	asset	Total
		E'000	F.'000	L'000	L'000	F'000	8'000
Unrestricted	funds	41,570		1,185			42,911
Restricted	funds			505			505
Total		41 570		1,890		158	43,418
ociety
				Net current
		Fixed		assets less	Long term	Pension
		assets	Investments	liabilities	creditors	asset	Total
		L"000	5'000	L"000	L"000	E'000	8'000
Unrestricted	funds	41,570		1,159			42,854
Restricted funds				505			505
Total		41 570		1 664		155	43)389

The major assumptions us Assumptions	ed by the actuary were:
		2020	2019		2018
		%per annum	%per annum	%per	annum
Inflation (RPI)		30%	30%		3.30%
Inflation (CPI)		2.8%	2.24/o		2.30%
Rate ofdiscount		1.4%	2.1%		260%
Allowance for pension payment increases ofCPI or 5% p.a. Ifless		2.8%	2.2%		2.30%
Allowance for revaluation or5% p.a.ifless	ofdeferred pensions ofCPI	2.5%	2.24/o		2.30%
Allowance for revaluation or2.5%ifless	ofdeferred pensions ofCPI	2.64/o	2.2%		2.30%
The mortality assumptions	adopted at 31 December 2020 imply the following		life expectancies post	retirement:
			2020	2019
			years	years
Male retiring at age 65 in	2019		20.8		20.8
Female retiring at age 65	in 2019		22.7		22.7
Male retiring at age 65 in	2039		22.1		22.1
Female retiring at age 65	in 2039		24.3		24.2

The fair va	lue ofthe asse	ts in the scheme was:
			2020	2019
			E'000	E'000
Equities			1,684	1,504
Bonds			1,742	1,755
With Profit	assets
Liability Drive Investment		('LDI')	1,464	1,102
Diversified Growlh Other (prcfxtnhi cash stcj			2,304 29	2,195 18
Fair value	ofassets		7,205	6581

						Assets	Assets	LiabiliTies	LiabiliTies	Total
						E'000			E'000	E'000
At 1 January 2020						6,581			(5,944)	637
Interest income/(expense)							137		(123)	14
Actuarial gains/(losses)							632	(1,127)		(495)
Employer contributions							15			15
Benefit paid						(160)			160
Ex enses									15
At 31December 2020						7	205		7049	156
efined benefit costs recognised			In the Consolidated		statement offinancial			activities
									2020	2019
									E'000	E'000
Net interest income									(14)	(12)
Ex snses									15	15
Total costs recognised	in the Consofidsted
statement offinandal		activities
mounts for the current		and previous four years
					2020	2019		2018	2017	2016
					E'000	E'000		E000	E'000	E'000
Fair value ofscheme assets					7,205	6,581		6,446	6,827	6,141
Present value ofdefined		benefit obligation		(7,049)		(5,944)		(5,993)	(6,244)	(6,382)
Surplus/(deficit) In the	scheme				156	637		453	583	(241)

20 Reconciliation of n activities	et (expe	nditure	)/inc	ome to	net cash provid	ed by oper	ating
						2020	2019
						E'000	D000
Continuing activities
Movement in funds						(955)	1,900
Actuarial losses/(gains) on defined	benefit pension		scheme			461	(162)
Net losses/(gains) on investments						203	1 001
Net (expense)/income for the year	before investment		losses			(271)	737
Loss on disposal offixed assets						16
Depreciation oftangible fixed assets Decrease in stocks						1,266 15	1,143 5
(Increase)/decrease in debtors						(1,434)	563
Decrease mcrease in creditors						241	304
Netcash usedln / rovidedb	operatin	activities					2 752
21 Analysis ofcash and cash		equivalents
					At 1		At 31
					January		December
					2020	Cash fiows	2020
					E'000	E'000	E'000
Cash at bank and in hand					1,141	1,839	2,980
Cash de osits for reinvestment					110	110
Cash and cash e ulvalents					1,251	1,729	2,980
All the movements from the opening	to closing components			above result	from the cash flows	ofths Group.

23	Capital	commitments	commitments
Group and Sodety
Amounts	contracted
Amounts	authorised	but not	et contracted

									Group	Group	Society	Society
								Note	2020 f'000	2019 C000	2020 6'000	2019 E000
Financial amortised	assets cost:	that	are	debt	instruments	measured	at
Trade debtors								12	54	144	20	43
Amounts	owed b	rou	undertakin					12			29
									54	144	49	43
Financial	liabiliTies	measured		at amortised cost:
Bankloans									1,621	1,911	1,621	1,911
Trade creditors									135	433	120	403
Amounts	owed to	rou	undertakin									126
									1,756	2,344	1,741	2,440

Group prior year						Transfers,	Transfers,
			Balance			investment		Balance
			1 January 2019 g000	Incoming fesoufcss r.'000	Resources expended g000	gains/(losses) pension surplus g000		31December 2019 6'000
Designated funds
Staff development		fund					14
Keeper for the day		fund	14				(14)
Fixed asset reserve			26,620		(1,143)		9,606	37,083
Investment property		reserve	2,545				1,077	3,622
Total designated	funds		31,183		(1,152)		10,663	40,714
Revaluation reserve			4,963				(4,963)
Pension resewe			453				184	637
Other unrestricted	funds		1,659	11,566	(10,066)		(664)	2,495
Total unrestricted		funds	38,258	11,588	(11,218)		5,240

Society prio	r year	c	omparatlves
								Transfers,
				Balance				investment	Balance
				1 January 2019	Incoming fesoufcss	Resources expended	gains/(losses) pension surplus		31December 2019
				g000	g000	U000		D000	6'000
Designated	funds
Staff development			fund	4				14
Keeper for	the day		fund	14				(14)
Fixed asset	reserve			26,620		(1,143)		9,606	37,083
Investment	property		reserve	2,545				1,077	3,822
Total designated		funds		31,183		(1,152)		10,883	40,714
Revaluation	resewe			4,963				(4,963)
Pension reserve				453				164	637
Other unrestricted		funds		1,341	10,636	(9,349)		(735)	2,095
Total unrestricted			funds	37,940	10,838	(10,501)		5,169	43,446

Continuing operations								Unrestricted funds	Restdcted funds	Total 2019
							Note	2'000	E'000	8'000
Income:
Oonations &legadas								288	338	628
Income from charitable	ac0vitles;
Bristol Zoo Gardens							2(a)	6,383		0,383
Wild Place Project							2(c)	2,083		2,083
Conservation &research			projects				2(b)		420	428
Income from commerdal		trading		operations			3(b)	2,286		2,286
investment Income							3a	526		526
Total Income								11566	786	12332
Expenditure
Expenditure on raising funds:
Fundraising										184
Commercial trading operations								1,747		1,747
Investment mana ament		costs						60		68
								1,999		1,999
Expenditure on charitable		activities:
Brlslol Zoo Gardens								6,857		6.657
Wfid Place Project								2,299		2,299
Conservation &research			pro acts					263	377	640
Total ex endlture								11,218	377	11,595
Net income/(expenditure)		before Investmenl				losses		348	389	737
Net losses on investments							10	I 001
Net Income/(expenditure)			for the year					1,349	389	1,738
Other recognised lossem
Actuarial losses on definedbenefit					nsion	scheme	19	162		162
Net movement In funds								1,511	389	1,900
Transfer offunda							17	4,077	(4,077)
Total funds brou Iforward								38258	4213	42 471
Total funds carried fonvard								43848	525	44 371