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2021-12-31-accounts

A:Attendee C:Chair M: Member
Conservation,
Ethics and Finance and Transformation Bristol Zoo
Audit and Risk Sustainability Business People Programme Enterprises Ltd
Board of Committee Committee Committee Committee Board Board of
Trustees (ARC) (CESC} (FABC) (Pc) (TPB) Directors
Tmstees
Charlotte
Moar		 C M M M C
Victoria Ash (1j M C M M
Christopher
Booy		 (2) M M C M
David Esam M M M C M
Peaches Golding M M
Ciaire Ladkin (3} M M M M
Michael Lea 4 M M M
Prof Richard Pancost M M M
Prof Sheila Pankhurst M C M M M
Prof Diana Doran M M M
Andrew
Martyn-Johns		 M C M
Sarah Fuller M M M
Employees
Dr Justin Mome A A A A A A M
Angels Mather A A A A A
Charlotte
Brown (5)		 A A A
Brian Zimmerman A A A
Francesca Fryer A A A
Michael Coe (6) A A A
Hannah
Windross		 (6) A A A

For the year en de d 31 Decem ber 20 21
Unrestricted Restricted Total Total
funds funds 2021 2020
Note E'000 E'000 E'000 E'000
Income:
Donations
&legacies		 277 277 346
Income from charitable
activities.
Bristol Zoo Gardens 2(a) 5,346 5,346 3,891
Wild Place Project 2(b) 2,121 2,121 1,696
Conservation
&research		 projects 2(c) 405 405 266
Income from commercial trading operations 3(b) 1,290 1,290 806
Investment
income		 3(a) 237 237 443
Government
Grants		 3(c) 140 140 512
Other income 3d 2 500
Total income 9,271 545 9,816 10,460
Exceptional income: insurance claim 3(d) 2,500
Income: underl
in		 9,271 545 9816 7960
Expenditure
Expenditure
on raising funds:
Fundraising 245 245 198
Commercial
trading
operations		 1,213 1,213 990
Investment
mana
ement		 costs 26 26 29
1,484 1,484 1,217
Expenditure
on chaditable		 activities
Bristol Zoo Gardens 6,554 106 6,660 6,672
Wild Place Project 2,611 34 2,645 2,217
Conservation
8 research		 ro'acts 238 320 558 611
Total ex enditure 10887 460 11347 10717
Net (expenditure)/income before investment
(losses)/gains (1,616) 85 (1,531) (257)
Net
aine/ losses
on investments		 10 687 687 203
Net (expenditure)/income for the year (929) 85 (844) (460)
Other recognised gains/(losses).
Actuarial
gains/(losses)		 on defined benefit pension
scheme 19 477 477 495
Net movement
in funds		 452 85 367 955
Exceptional income 2,500
Net movement
in funds:		 underl in 452 85 367 3455
Total funds carried forward 42,459 590 43,049 43,416

Group Society
Note 2021 2020 2021 2020
6"000 8'000 6'000 2'000
Fixed assets
Tangible assets 39,396 37,947 39,396 37,947
Investments 10 767 3,622 767 3,622
Investment
in subsidiary		 company
Animals
Total fixed assets 40,164 41,570 40,164 41,570
Current assets
Investments 10 2,512 2,512
Stocks 65
Debtors falling due within one year 12 695 1,930 671 1,919
Cash at bank and in hand 2,525 2,980 2329 2,928
Total current assets 5,797 4,978 5,512 4,847
Creditors: amounts fallin due within one esr 2,882 3288 2839 3 184
Net current assetsl liabilities 2,915 1,690 2,673 1,564
Total assets less current liabilities 43 079 43260 42 837 43,233
Creditors: amounts falling due after more than one
ear 14 663 663
Net assets excluding pension asset 42,416 43,250 42,174 43,233
Defined benefit
ensicn		 asset 19 633 156 633 156
Net assets includin ension asset 43,049 43,416 42,807 43,389
Funds:
Share capital 15
Unrestricted
income funds
Designated
funds		 16 39,146 39,957 39,146 39,957
Other unrestricted funds 2 680 2 798 2438 2,771
Total unrestricted funds before pension asset 41,826 42,755 41,584 42,728
Pension reserve 633 156 633 156
Total unrestricted funds after ension asset 42,459 42,911 42,217 42,884
Restricted funds 17 590 505 590 505
Total charity funds 18 43,049 43,416 42,807 43,389

For the year en ded 3 1 Dec em ber 2021
2021 2020
Note 6'000 6'000
Net cash
enerated
from I used b		 o cretin activities 20 2 387 649
Cash flow from investing activities:
Purchase of property,
plant		 and equipment (2,247) (235)
Purchases
ofinvestments		 11
Proceeds from sale of investments 2,892
Net cash absorbed
b
I		 enerated from investin activities 2,247 2,668
Cash flow from financing activities:
Re a ments ofborrowin 595 290
Net cash used in financin activities. 595 290
Net (decrease)/increase
in cash and cash equivalents		 in the year (455) 1,729
Cash and cash e uivalents at the be innin ofthe ear 2,980 1,251
Total cash and cash e uivalentsat the end ofthe ear 21 2,525 2,980
Cash and cash equivalents consist of:
6'000 6'000
Cash at bank and
in hand		 2,525 2,980
Cash de osits for reinvestment
Net cash 2,525 2,980

Depreciation
is calculated so as to write off the cost or valuation
of tangible
values,
over the expected
useful economic
lives of the assets concerned.
purpose are:		 Depreciation
is calculated so as to write off the cost or valuation
of tangible
values,
over the expected
useful economic
lives of the assets concerned.
purpose are:		 fixed assets, less their estimated
resid
The principal
annual
rates used for
Freehold
land and buildings
(animal houses)
Other freehold
land and buildings		 2-4
1-2
Leasehold
land and buildings
Plant and machinery		 4
10-20
Motor vehicles 25

2021 2020
6'000 2000
Dividends 32
Interest on government securities
Rents and other ro ert income 235 411
237 443
3b) Commercial trading operations
2021 2020
000 6'000
On-site catering and retail sales 1,225 636
Conference facilities 17
Events
Miscellaneous income from activities, includin on-site concessions 151
1,290 806
3c) Government Grants
2021 2020
6'000 f.'000
Government Grants 140 512
140 512
3d) Other Income
2021 2020
6'000 6'000
Insurance claim 2 500
2,500

Consolidation
Society BZE Ltd adjustments Total Total
2021 2021 2021 2021 2020
F.'000 F.'000 F'000 F'000 F'000
Income 8,926 1,455 (565) 9,816 10,460
Ex enditure 10,872 1,240 565 11,347 10,717
Net income before investment (1,746) 215 (1,531) (257)
losses)l aine
2021 2020
F'000 F'000
Aggregate assets 300 160
A re ate liabilities 58 133
A re ate funds 242 27

Staff Other direct Support Governance
costs costs costs costs 2021 2020
F'000 F.'000 L'000 F'000 6'000 F'000
Expenditure
on		 raising funds:
Fundraising 230 15 245 198
Commercial trading 869 1,213 990
Investment mana ement costs 26 26 29
Total expenditure on raising 574 910 1,484 1,217
funds
Expenditure
on		 charitable activities:
Bristol Zoo Gardens 1,851 1,260 2,744 805 6,660 6,672
Wild Place Project 867 632 894 252 2,645 2,217
Conservation and research 83 237 238 558 611
ro'ects
Total expenditure on charitable 2,801 2,129 3,876 1,057 9,863 9,500
activities
Total expenditure 3,375 3,039 3,876 1,057 11,347 10,717

Prior year corn paratives Prior year corn paratives
Staff Other direct Support Governance
costs costs costs costs 2020 2019
f.'000 f'000 f.'000 E'000 E'000 f.'000
Expenditure
on raising		 funds:
Fundraising 188 10 198 184
Commercial
trading		 238 752 990 1,747
Investment
mana		 ament costs 29 29 68
Total expenditure
on		 raising 426 791 1,217 1,999
funds
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		 charitable 3,204 2,290 3,434 572 9,500 9,596
activities
Total ex enditure 3,630 3,081 3,434 572 10,717 11595
Allocation ofsupport costs:
Staff costs Other costs 2021 Staff costs Other costs 2020
f.'000 f.'000 F'000 E'000 F'000 F'000
Bristol Zoo Gardens 1,028 1,716 2,744 1,123 1,312 2,435
Wild Place Project 352 542 894 314 360 674
Conservation
and research		 ro'ects 199 39 238 315 10 325
1,579 2,297 3,876 1,752 1,682 3,434

Allocation ofgovernance
costs		 :
Staff costs Other costs 2021 Staff costs Other costs 2020
f.'000 F'000 F'000 f.'000 F'000 f.'000
Bristol Zoo Gardens 394 411 805 224 210 434
Wild Place Project 123 129 252 71 67 138
517 540 1,057 295 277 572

6
Net income/(expe		 nditu re )
2021 2020
6'000 OOOO
Net (expenditure)/income
for the year		 is stated after charging/(crediting):
Operating
lease payments:
Plant, machinery
and vehicles		 21 21
Depreciation
and impairment		 1,828 1,266
Loss on disposal offixed asset 16
Trustee indemnity
insurance		 23
Auditors'
remuneration
for:
Audit services (Society: 615,100(2020:614,800)) 19 18
Other services —taxation advisory services
Other services —taxation and other corn liance services
The other services represents advice on VAT.
7
Analysis ofstaff		 costs
2021 2020
Number Number
The average
monthly
head count was
monthly
number of full time equivalent		 216staff (2020:236staff). The average
employees
during
the year was:
Generating
voluntary
income
Bristol Zoo Gardens 89 98
Wild Place Project 31 32
Commercial
trading		 10
Conservation
&research
projects		 16 14
Su
ort		 38 41
191 201
2021 2020
Staffcosts 6'000 OOOO
Wages and salaries 4,873 4,994
Social security costs 424
Contributions
to defined contribution		 pension scheme (see note 19) 165 192
Death-in-service
benefits and
ensions		 to former staff 15 19
5,497 5,629
None ofthe above staff costs have been capitalised in the year (2020: nil).

2021 2020
Number Number

9
Fixed		 assets
Freehold Leasehold
operational operational Assets
land & land & Plant & Motor under
Group &Society buildings buildings machinery vehicles construction Total
8'000 E'000 E'000 E'000 E'000 F'000
Cost or Valuation
At 1 January 2021 42,626 121 3,066 45 67 45,925
Additions 85 145 1 2,016 2,247
Transfer to/from Investments 1 030 1,030
At 31 December 2021 43,741 121 3,211 46 2,083 49,202
Accumulated
depreciation
and impairment
At 1 January 2021 5,688 96 2,164 30 7,978
Charge
in year		 1,008 258 1,274
Im airment 403 147 554
At 31 December 2021 7,099 104 2,569 34 9,806
Net book value
At 31 December 2021 36,642 17 642 12 2,083 39,396
At 31 December 2020 36,938 25 902 15 67 37947
The land and buildings
valued at the date oftransition
to FRS102		 using the deemed cost exemption was as follow
2015
Grou
and Socie		 6'000
Histodical cost equivalent 3,953
Revaluation 32,807
Net book value 36,760

Held as fixed asset investment Held as fixed asset investment
Investment
Group and Society Properties Total
F'000 F'000
Cost or valuation at 1 January 2021 3,622 3,622
Additions
Transferred
to fixed assets		 (1,430) (1,430)
Transferred
to current assets held for sale		 1 425 1 425
Net book value
At 31 December 2021 767 767
At 31 December 2020 3,622 3,622
Held as current asset investment Investment
Properties
Group and Society Total
F.'000 F'000
Cost or valuation at 1 January 2021
Additions
Transferred
from		 fixed assets 400 400
Transferred
from		 fixed assets investments 1,425 1,425
Net
aine/ losses		 687 687
Net book value
At 31 December 2021 2,512 2,512
At 31 December 2020

incorpor
11		 ated
in the
Stocks		 United
K		 ingdom. These a re the only s hares allo tted, called up and fully pai d.
Group Society
2021 2020 2021 2020
R'000 L'000 6'000 F.'000
Animals foodstuffs, cleaning materials.
Goods for resale 65 68
65 68

within one year are analysed
below		 : g
Group
2021		 2020 Society
2021		 2020
K'000 6'000 8'000 k'000
Deferred income at 1 January 598 740 571 710
Amount
released
from previous
periods		 (598) (740) (571) (710)
Incomin
resources deferred
in the		 ear 631 598 625 571
Deferred income at 31 December 631 598 625 571
14
Creditors: amounts		 falling due after more than one year
Group and Society 2021 2020
8000 F'000
Bank loans repayable
in instalments		 within one to two years 363
Bank loans repayable
in instalments		 within two to five years 300
Bank loan re a able in instalments after more than five ears
663
15
Share capital
2021 2020
Authorised —value f350 f350
Allotted, called up and fully paid shares of61
-value f275 8275
—number 275 275

Transfers,
Balance investment Balance
1 January
2021
f.'000		 Incoming
resources
F'000		 Resources
expended
k'000		 gains/(losses)
pension surplus
k'000		 31 December
2021
6'000
Designated
funds
Staff development fund 9 9
Fixed asset reserve 36,325 (1,828) 3,872 38,370
Investment
property		 reserve 3,622 (2,855) 767
Total designated funds 39,957 (1,828) 1,017 39,146
Pension reserve 155 477 633
Other unrestricted funds 2,798 9,271 (9,059) (330) 2,680
Total unrestricted funds 42,911 9,271 (10,887) 42,459

Transfers, Transfers,
Balance investment Balance
1 January Incoming Rescul'ces gains/(losses) 31December
2021
5'000		 resources
k'000		 expended
F'000		 pension surplus
5'000		 2021
6'000
Designated
funds
Staff development fund 9
Fixed asset reserve 35,325 (1,828) 3,872 38,370
Investment
property		 reserve 3,522 (2,855) 767
Total designated funds 39,957 (1,828) 1,017 39,146
Pension reserve 156 477 633
Other unrestricted funds 2,771 8,381 (8,384) (330) 2,438
Total unrestricted funds 42,884 8,381 (10,212) 1,164 42,217

7
Restricted		 funds
Balance incoming Transfers Balance
1 January resources Resources between 31
2021 expended funds & December
6'000 f000 F'000 adjustments
6'000		 2021
f.'000
Conservation
related:
Conservation
Fund		 118 56 (4) (63) 107
Avon Gorge & Downs Project 48 29 (37) 40
Sahamalaza
Research Centre		 53 (12) 41
Reforestation
Project		 7 8 (16) 6 6
Gorilla Conservation Fund 15 1 (20) 12 8
Giraffe Project Fund 11 21 (26) 5 12
UK Invasive Weeds 15 10 (26)
Crayfish
Conservation		 49 15 (17) 47
Bleeding
Heart Doves		 10 12 (11) 11
Sanje Mangabey
Monkeys		 5 (12) 13 6
Wild Place Native Species 14 63 (7) 70
Native Species 0 3 (23) 20 0
Lemurs and Chocolate 13 11 (24) 0
Madagascar
Project		 14 (4) 10
Comoro Islands 15 15
RAPID Life 11 11
Fish Net Madagascar 27 22 (23) 26
Godilla Auction
Fund		 26 (12) 14
SOS Benoue Funding 50 50
Elephant
Crisis fund		 18 (2) 16
Fish Net Greece
Other restricted
funds		 with movements cfless 54 56
30		 (23)
(24)		 33
67
than 810,000
Total conservation
related funds		 505 405 (320) 590
Government
grant-
Furlough		 Income 140 (140)
Total restricted
funds		 505 545 (460) 590

Group Net current
assets less Long term
Fixed assets liabilities creditors Pension asset Total
E'000 F'000 F'000 F'000 6'000
Unrestricted funds 40,164 2,325 (663) 633 42,459
Restricted funds 590 590
Total 40,164 2,915 (663) 633 43,049
ociety
Net current
assets less Long term
Fixed assets liabilities creditors Pension asset Total
F'000 E'000 F'000 E'000 F'000
Unrestricted funds 40,164 2,038 (663) 633 42,217
Restricted funds 590 590
Total 40,164 2,673 (663) 633 42,807

2021 2020 2020 2019
%per annum % per annum % per annum
Inflation (RPI) 3.4% 3.0% 3.0%
Inflation (CPI) 30% 2.6% 2.2%
Rate ofdiscount 1 8% 1.4% 2.1%
The mortality assumptions adopted at 31 December 2022 imply the following life expectancies post retirement:
2021 2020
years years
Male retiring at age 65 in 2021 20.8 20.8
Female retiring at age 65 in 2021 22.8 22.7
Male retiring at age 65 in 2041 22.1 22.1
Female retiring at age 65 in 2041 24.3 24.3
The fair value of the assets in the scheme was:
2021 2020
6'000 f.'000
Equities 1,744 1,684
Bonds 1,817 1,746
Other funds 3,962 3,768
Other ro ert cash etc.
Fair value of assets 7,530 7,205

Assets Liabilities Liabilities Total
F'000 8'000 6'000
At 1 January 2021 7,205 (7,049) 156
Interest income/(expense) 100 (100)
Actuarial
gains/(losses)		 335 142 477
Employer
contributions
Benefits paid (110) 110
Ex enses
At 31 December 2021 7,530 6,89 633
Defined benefit costs recognised in the Consolidated statement offinancial activities
2021 2020
f'000 F'000
Net interest income 100 (14)
Expenses 100 15
Total costs recognised in the Consolidated
statement
offinancial		 activities
Amounts
for the current		 and previous four years
2021 2020 2019 2018 2017
F'000 8'000 F'000 F'000 F'000
Fair value ofscheme assets 7,530 7,205 6,581 6,446 6,827
Present value ofdefined benefit obligation (6,897) (7,049) (5,944) (5,993) (6,244)
Surplus/(deficit)
in the		 scheme 633 156 637 453 583

20
Reconciliation
ofnet (expe
activities		 nditure)/income
to net		 cash provided
by ope		 rating
2021 2020
6'000 OOOO
Continuing
activities
Movement
in funds		 (367) (955)
Actuarial
(gains)/losses
on defined benefit pension scheme		 (477) 481
Net (gains)/losses
on investments		 687 203
Net expense forthe year before investment losses (1,531) (271)
Loss on disposal offixed assets 16
Depreciation
and impairment
oftangible fixed assets		 1,828 1,266
Decrease
in stocks		 3 15
Decrease/(increase)
in debtors		 1,235 (1,434)
Increase/ decrease
in creditors		 852 241
Net cash
rovidedb
/ used in o eratin		 activities 2387 649

21 Analysis ofcash and cash equival ents
At 1 At 31
January December
2021 Cash flows 2021
f.'000 F'000 6'000
Cash at bank and in hand 2,980 (455) 2,525
Cash de osits for reinvestment
Cash and cash e uivalents 2,980 455 2,525

At the year end, the future
minimum
lease payments
vehicles were as follows:		 At the year end, the future
minimum
lease payments
vehicles were as follows:		 under
non-cancellable
operating
leases		 for property
Group and Society 2021 2020
6'000 f.'000
Within one year 77 90
Between two and five years 38 313
Morethanfive ears 540
115 943
23 Capital commitments commitments
Group and Society 2021 2020
6'000 6'000
Amounts contracted
Amounts authorised but not et contracted

28
Compara		 tive
figures		 for unrestric ted
funds
Group prior year Transfers,
Balance investment Balance
1 January
2020
E'000		 Incoming
resources
E'000		 Resources
expended
E'000		 gains/(losses)
pension
surplus
D000		 31 December
2020
E'000
Designated
funds
Staff development fund 9
Fixed asset reserve 37,083 (1,266) 509 36,326
investment
property
reserve		 3,622 3,622
Total designated funds 40,714 (1,266) 509 39,957
Revaluation
reserve
Pension reserve 637 (495) 156
Other unrestricted funds 2,495 9,682 (8,667) (598) 2,798
Total unrestricted funds 43,846 9,682 (9,933) (684) 42,911
ociety prior year comparatives
Transfers,
Balance investment Balance
1 January
2020
E'000		 Incoming
resources
E'000		 Resources
expended
E'000		 gains/(losses)
pension
surplus
D000		 31 December
2020
E'000
Designated
funds
Staff development fund 9
Fixed asset reserve 37,083 (1,266) 509 36,326
Investment
property
reserve		 3,522 3,622
Total designated funds
Revaluation
reserve
Pension reserve 537 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

Unrestricted Restricted funds Total
funds 2020
Note 6'000 F'000 6'000
Income:
Donations
&legacies		 346 346
Income from charitable activities:
Bristol Zoo Gardens 2(a) 3,891 3,891
Wild Place Project 2(b) 1,696 1,696
Conservation
&research		 projects 2(c) 266
Income from commercial trading operations 3(b) 808 806
Investment
income		 3(a) 443 443
Government
Grants		 3(c) 512 512
Other income 3d 2 500 2,500
Total income 9682 778 10,460
Exceptional income: insurance claim 3(d) 2,500 2,500
Income: underl
in		 7,182 778 7,960
Expenditure
Expenditure
on raising funds:
Fundraising 198 198
Commercial
trading
operations		 990 990
Investment
mana
ament		 costs 29 29
1,217 1,217
Expenditure
on charitable		 activities:
Bristol Zoo Gardens 6,216 456 6,672
Wild Place Project 2,161 56 2,217
Conservation
&research		 ro'acts 325 286 611
Total ex enditure 9919 798 10717
Net (expenditure)/income before investment (losses)/gains (237) (20) (257)
Net
losses / aine on investments		 10 203 203
Net (expenditure)/income for the year (440) (20) (460)
Other recognised gains/(losses):
Actuarial
losses / aine		 on defined benefit ension scheme 19 495 495
Net movement
in funds		 935 20 955
Exceptional income 2,500 2,500
et movement
in funds:		 underl in 3,435 20 3,455
Total funds cardied forward 42 911 505 43416