2022-12-31-accounts - The Bristol Clifton And West Of England Zoological Society Limited

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For the year		ended 31 Decem	ber 20	22	22
				Unrestricted		Restricted	Total	Total
				funds		funds		2021
			Note					E000
Income:
Donations 5 legacies							320	277
Income from charitable activities:
Bristol Zoo Gardens			2(a)		5,609		5,809	5,346
Wild Place Project			2(b)		2,816		2,$18	2,121
Conservason &research		projects	2(c)			302	302	405
Income from commercial	trading operations		3(b)		1.629		1,629	1vl90
Invssliiient Inccliie			3(a)		37		37	237
Government Grants			3c					140
Total inobms				10411		302	10713	9 18
Expenditure
Expenditure on raising funds;
Fundraising					275		275	245
Commercial trading operasons					1,301		1,301	1,213
Investment ma ament	costs				37		37	26
					1,613		1,613	1,484
Expenditure on charitable		aciivities'I
Bristol Zoo Gardens					8,342		8,342	6,660
Wild Place Project					3,399		3,399	2,645
Conservation 5research~cLscjs					386	557	943	558
Total ex ndlture				I	740	557	14 97	11347
Net (expenditure)/income		before investmsnl
gosses)/gains				(3,329)		(255)	(3,584)	(1,531)
xcaptlonal expenditure:		closure costs	5	(2,372)			(2,372)	(174)
et(expenditure)5ncome losses sins: underl	before Invesbnent In				957	266	1 212	1 357
Net losses sins on investmsnts			10		132			687
Net (expenditure)/income		for the year	6	(3,461)		(255)	(3,716)	(844)
Transfers between funds					(150)	150
Other recognised gains/(losses):
Actuarial (losses)/gains		on defined benefit pension
scheme			19		67		67	477
Net movement in funds					87$	105	783	57
Total funds bro ht forward				42459		590	43049	43416
Total funds carried forward				38781		48$39286		43 49

							Group		Society
						Note	2022	2021	2022	2021
							2'000	f'000	2'000	f'000
Fixed assets
Tangible assels							41,535	39,396	41,535	39,396
Inveslmsnts						10	767	767	757	767
Investmenl in subsidiary			company
Animals
Total Sxed assets							42303	40,164	42303	40,164
Current assets
Investmsnls						10	1,339	2,512	1,339	2,512
Stosks							27	65
Debtom falling due	vslhin one year					12			259	671
Cash al bank snd in Total current assets Creditors: amounts		hand fagln		due within one	ar	13	1,979	5,797	295 2s329 1,$93 5,512 s .~
Net current~llabglttes			assets				1307	2915	1615	2673
Total assets less	current gabgltles						404996
Creditors: amounts		falling due after more than			one
ear						14	296/			683$
Net assets excluding		pension		asset			38,700	42,416	38,391	42,174
Defined benefit nsion Net assets Includin			asset ension asset			19	3926643049		38957 568	42,807 633
Funds:
Share cipitst						15
Unrestricted income funds Designated funds Other unrestricted funds						16 16	3$,64$ 1434	39,146 2.680	39,649 39,146 s~
Total unreslrlcted	funds before pension asset						38,215	41,826	37,906	41,584
Pension reserve						19	588	633	566	633
Total unrestricted	funds aber~stoa asset								~38472	42 217
Restricted funds						17	485	590	485	590
Total charity funds						16	39268	43.049	36957	42,807

For the year ende	d 3		1 D	ece	mber 2022
							2022	2021
						Note	2'000	2'000
Netcash enersted usedb	rome		cretin activities			20	1265	2387
Cash flow from Investing activldes:
Purchase of property, plant and	equipment						(3,584)	(2,247)
Proceeds from sale of investments							1042
Nst cash absorbed b investln	activities						2542	2247
Cash flow from financing sctivitiesr
Repayments ol borrowing							(388)	(595)
Proceeds from new bonowln							2000
Net cash enerstedb fused	in flnancln			activities			1832	595
Net decrease In cash and cash	equivalents			in the	year		(2,175)	(455)
Cash and cash e uivalents at the be		innin		of the	ear		2526	2 980
Total cash andcashe ulvalentsattheendofthe					ear	21	350	2525
Cash and cash equivalents consist			of:
							2'000	r000
Cash st bank and in hand							350	2,525
Cash de sfor reinvestment
Net cash							350	2525

For	the year e	the year e	nded 31	nded 31	Dece	mber 2022
3a)	Investment		income
							2022	2021
							2'000	2'000
Interest on government			securities
Rents and other		e	income				36	235
							37	237
3b)	Commercial		trading operations
							2022	202'I
							OOOO	2'000
On-site	catering and	retail		sales			1,498	1,225
Conference facilities							92	59
Events							27
Miscellaneous income from activiTies					includin	on-site concessions
							1629	1,290
3c)	Government			Grants
							2022	2021
							2'000	2'000
Government Grants
3d)	Other Income
							2022	2021
							2'000	OOOO
Loss on dis osal of lixed assets							15

				Consolidation
		Society	BZE Ltd	adjustments	Total	Total
		2022	2022	2022	2022	2021
		2'000	OOOO	2'000	2'000	OOOO
Income		10,040	1,61 'I	(938)	10,713	9,8'l6
Ex enditure		13692	1,543	938	1429	11347
Net income	before investment	(3,652)	88		(3,584)	(1,531)
losses	aine

et funds of the subsidiary company:
	2022	2021
	2'000	OOOO
Aggregate assets	319
te liabilities	10	58
tefunds	309	242

				Staff	Other direct	Support	Governance
				coals	cosis	costs	costs	2022	2021
				2'000	2'000	2'000	BOOO	2'000	2'000
Expenditure on	raising	funds:
Fundraising					27			275	245
Commercial	trading			172	1,129			1,301	1,213
Investment	mana	ament costs			37			37	26
Total expenditure on		raising		420	1,193			1,613	1,464
funds
Expenditure on	charitable		activities:
Bristol Zoo Gardens				1,620	1,700	4,273	749	8,342	6,660
Wild Place Project				1,042	830	1,312	215	3,399	2,645
Conservation	and	research		92	465	386		943	558
ro'acts
Total expenditure on		charitable		2,754	2,995	5,971	964	12,684	9,863
activities
Total ex enditure				3174	4,188	5,971	964	14297	11,347

5 Expenditure	5 Expenditure	5 Expenditure		(contin	ue	d)
Prior year comparatives
						Staff		Other direct Support		Governance
						costs		costs	costs		costs		2021	2020
						E'000		'E'000	E'000		E'000		E'000	E'000
Expenditure on raising		funds:
Fund raising						230		15					245	198
Commercial trading								869					1,213	990
Investment man		emsnt costs						26					26	29
Total expenditure	on	raising				574		910					1,484	1,217
funds
Expenditure on charitabl				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								237	238				558	611
ro cts
Total expenditure	on	charitable				2,801		2,129	3,876		1,057		9,863	9,500
activities
Total ex ndlture						3375		3039	3876		1	057	11347	10,717
Allocation ofsupport	costs:
						Staff costs		Other costs	2022	Staff costs		Other costs		2021
						E'000		E'000	E'000		E'000		E'000	E'000
Bristol Zoo Gardens						1,254		3,019	4,273		1,028		1,716	2,744
Wild Place Project						354		958	1,312		352		542	894
Conservation and research				osets		293		93	386				39	238
						1,901		4,070	5,971		1,579		2,297	3,876
Support costs have	been		allocated		on	ths basis	ofthe number of employees engaged				in charitable activities and			include
the costs ofthe finance		department,			maintenance,		utilies, admissions,		governance	costs and		aproportion of irrecoverable
VAT.
Allocation of governance			costs:
						Staff costs		Other costs	2022	Staff costs			Other costs	2021
						E'000		E'000	E'000		E'000		E'000	E'000
Bristol Zoo Gardens						525		234	749		394		411	805
Wild Place Project						151		64	215		123		129	252
						676		288	964		517		540	1,057

6 Net incotne/(expenditure)
	2022	2021
		2'000
Net (expenditure)/income for the year is stated after charging/(crediting):
Operating lease payments:
Plant, machinery and vehicles		21
Depreciation and impairment	1,640	1,828
Loss on disposal ofcurrent asset investments	15
Trustee indemnity insurance	32	23
Auditors' remuneration for:
Audit services (Society: 215,100(2021:215,100))	19	19
Other services —taxation advisory services
Other services —taxation snd other com lienee services
The other services represents advice on VAT.

									2022	2021
									Number	Number
The average	monthly	head count was			213staff (2021:216staff). The average
monthly number of full lime equivalent					employees	dudng		the year was:
Generating voluntary		income
Bristol Zoo Gardens									71	89
Wild Place Project									36	31
Commercial	trading									10
Conservation	&research projects								19	16
Su on									41	38
									181	191
									2022	2021
Stafcosts									2'000	2'000
Wages and	salaries								5,026	4,873
Social security costs									547	444
Contributions	to defined contribution			pension scheme			(see note 19)		168	165
Death-in-service benefits and			ensions		to former	staN			10	15
									5751	5,497
None of the	above staff costs		have	been capitalised			in the year (2021:nil).
Included in	the wages and salaries			cost in 2022		was	2390,000 paid in redundancy		costs (2021:nil).

2022	2021
Number	Number

	g Fixed assets
		Freehold	Leasehold
		operational	opera6onal			Assets
		land 5	land &	Plant &	Motor	under
	Group &Society	buildings 2'000	buildings 'E'000	machinery 2'000	vehicles OOOO	construction OOOO	Total 2'000
	Cost or Valuation
	At 1 January 2022	43,741	121	3,211	46	2,083	49,202
	Additions	13		188	27	3,551	31779
	Transfer from AUC	1 300		175		1 475
	At 31 December 2022	45054	121	3,574	73	4,159	52981
	Accumulated depreciation
	and impairment
	At 1 January 2022	7,099	104	2,569	34		9,806
	Charge in year	1,063	5	257			1,331
				'
'	Im irment	162	4	143			309
	At 31 December 2022	8,324	1 3	2969	40		11446
	Net book value
	At 31 December 2022	36730	8	605	33	4 159	41 535
	At 31 December 2021	36642	17	642	12	2083	39 96

The land and buildings valued at the date oftransition to FRS 10	2using the deemed cost exemption was as follow
	2015
Grou snd Societ	2'000
Historical cost equivalent	3,953
Revaluation	32807
Net book value	36.760

Held as fixed asset Investment	Held as fixed asset Investment
		Investment
Group and Society		Properties	Total
		2'000	2'000
Cost or valuation	at I January 2022	767	767
Additions
Net book value:
At 31December	2022	767	767
At31 December2021		767	767
Held ss current	asset investment	Investment
Group and Society		Properties	Total f'000
Cost or valuation	at 1 January 2022	2,512	2,512
Disposals		(1,042)	(1,042)
Revaluation		131	131
Nst book value;
At 31December	2022	1 39	1339
At 31 December	2021	2512	2512

incorpor 11	ated in the Stocks	United Kingdom. These a	re the only s	hares allo	tted, called up	and fully pai	d.
				Group			Society
			2022		2021	2022		2021
			2'000		2'000	2'000		2'000
Animals	foodstuffs,	cleaning materials.
Goods	for resale		27		65
			27		65

			Group		Society
			2022	2021	2022	2021
			2'000	OOOO	2'000	E"000
Amounts	falling due within one year
Trade debtors				75	32	37
Other debtors			159	293	159
Amounts	owed by group undertaking					15
Pr	ents &accrued income			327	68	326
			263	695	259	671
13	Creditors: amounts		falling due within one year
			Group		Society
			2022	2021	2022	2021
			2'000	2'000	2'000	E"000
Bank loan			361		361
Trade creditors			376	933	373	913
Amounts	owed to group undertaking				232
Taxation	and social security		217	222	217	222
Other creditors			388	629	388	629
Accrusls	&deferred	income	1,935	726	1,929	703
Accrual	for unissued	share ca ital
			3286	2,682	3509	2.839

Deferred	income	for	the Group	the Group	and	Society relates	mainly	to annual	and corporate	membership	income, and
unredeemed admission			ticket	sales.	The movemenls	in	deferred income		included within creditors: amounts		falling due
within one year are analysed				below:
								Group		Society
								2022	2021	2022	2021
								2'000	k'000	2'000	6'000
Deferred	income	at I January							598	625	571
Amount	released	from	previous periods					(631)	(598)	(625)	(571)
Incomi	resources deferred			in the	ear			388	631	388	625
Deferred	income	at31	December					388	631	388	625

14 Creditors	:	am	ounts	falling due aft	er	more	than one yea	r
Group and Society									2022 2'000		2021 k'000
Bank loans repayable		in instalments		within one to two years					2,2S6
Bank loans repayable		in instalments		within two to five	years						300
Bank loan r able		in inslalments		after more than five		ears
									2296		663
The above1oans qualify asbasic financial instruments.						The total	loans, including	amounts	due within one	year, amount
to(2,657,000(2021:		21,026,000).
15 Share capita(
									2022		2021
Authorised —value									f350		6350
Allotted, called up and fully paid shares of2I
-value									2275	'	2275
- number									275		275
16 Unrestricted			funds
Group current year
									Transfers,
				Balance					investment		Balance
				1 January	Incoming		Resources	gains/(losses)		31December
				2022 DOOO	resources k'000		expended 2'000	pension surplus D000			2022 9'000
Designated funds
Staff development	fund			9			(6)				3
Fixed asset reserve				35,370			(1,640)		2,149		38,879
Investment properly		reserve		767							767
Total designated	funds			39,146			(1,646)		2,149		39,649
Pension reserve				633					(67)		566
Other unrestricted	funds			2,680		10.411	(12,094)		(2,431)		(1,434)
Total unrestricted		funds		42,459		10,411	(13,740)		(349)		38,781

Society current year	Society current year
						Transfers,
			Balance			investment		Balance,
			I January	Incoming	Resources	gains/(losses)		31December
			2022	resources	expended	pension	surplus	2022
			BOOO	6000	BOOO		B000	2'000
Designated funds
Staff development	fund				(6)			3
Fixed asset reserve			38,370		(1,640)		2,149	38,879
Investment properly		reserve	767					767
Total designated	funds		39,146		(1,646)	.	2,149	39,649
Pension reserve			633				(67)	566
Other unrestricted	funds		2,438	9,736	(11,489)		(2,430)	(1,743)
Total unrestricted		funds	42,217	8,738	(13,135)		(348)

Group			Net current
			assets less	Long term
		Fixed assets	liabilities	creditors	Pension asset	Total
		EOOO	2'000	2'000	2'000	2'000
Unrestricted	funds	42,303	(1,792)	(2,296)	566	38,781
Restricted funds			485			485
Total		42,303	(1,307)	2,296)	566	39 66
ociety
			Net current
			assets krss	Long term
		Fixed assets	liabili8es	creditors	Pension asset	Total
		E000	E000	2'000	2'000	2'000
Unrestricted	funds	42,303	(2,101)	(2,296)	566	38,472
Restricted	funds-		485			485
Total		42,303	1,616	2,296	566	38,957

				2022	2021	2021	2020
				%per annum	%per annum		%per annum
Inflation (RPI)				3.2%	34%		30%
Inflation (CPI)				2.8%	3.0%		2.6%
Rate of discount				5.0%	1.8%		I 4%
The mortality	assumptions		adopted	at 31 December 2022 imply the following	life expectancies	post	retirement:
					2022		2021
					years		years
Male retiring	at	age 65 in	2022		21.7		20.8
Female retiring		at age 65	in 2022		23.7		22.8
Male retiring	at	age 65 in	2042		23.0		22.1
Female retiring		at age 65	in 2042		25.2		24.3
The fair value	of	the assets	in the scheme was:
					2022		2021
					2'000		2'000
Equities					1,434		1,744
Bonds					1,069		1,817
Otherfunds					2,201		3,962
Oth~er roperty		cash etc/			25
Fair value ol	assets				4729		7530

Reconciliation ofsc	heme	ass	ets a	nd liabilities
							Assets		Liabilities		Total
							2'000			2'000	2'000
At I January 2022							7,530		(6,897)		633
Interest income/(expense)								134		(123)
Actuarial gains/(losses)							(2,781)			2,703	(78)
Employer contributions								15			15
Benefits paid							(I54)			154
Ex nses								15			15
At 31December 2022							4	729		4 163	566
Defined benefit costs	recognised		in the Consolidated			statement	ofSnsncisl		activities
										2022	2021
										2'000	2'000
Net interest income
Ex enses										15
Total (costs)/income	recognised		in the
Consolidated statement		of financial		activities
Amounts for the current and previous				four years
						2022	2021		2020	2019	2018
						2'000	2'000		2'000	2'000	2'000
Fair value ofscheme	assets					4,729	7,530		7,205	6,581	6,446
Present value of defined benefit			obligation		(4,163)		(6,897)		(7,049)	(5,944)	(5,993)
Surplus/(deficit) in the scheme						566	633		156	637	453

				2022	2021
				2'000	2'000
Continuing activities
Movement in funds				(3,783)	(367)
Actuarial losses/(gains) on defined benefit			pension scheme	67	(477)
Nst losses/(gains)	on investments			132	687
Nst expense for the year before		investment	losses	(3,584)	(1,531)
Depreciation and impairment of tangible fixed assets				1,640	1,828
Decrease in stocks				38	3
Decrease/(increase)	in debtors			432	1,235
Incrsas decrease	in creditors			209	852
Net cash rovided	used in	o cretin	activities	1,265	2387

					At 1		A131
					January		December
					2022	Cash flows	2022
					OOOO	OOOO	2'000
Cash	at bank and		in hand		2,525	(2,175)	350
Cash	d	it lor	rainy	stmsnt
Cash	and	cash	uivalents		2 525	2,175	350

At the year end,	the	future	minimum	operating	leases for property	leases for property
vehicles were as	follows;
Group and Society				2022		2021
				2'000		F000
Within one year					48	77
Between two and	five years				28	38
More than five	ars
					76	115
23 Capital	commitments
Group and Society				2022		2021
				2'000		k'000
Amounts contracted
Amounts authorised		but not	et contracted

Group prior	year						Transfers,	Transfers,
				Balance			investment		Balance
				1 January	Incoming	Resources	gains/(losses)		31December
				2021	resources	expended	pension	surplus	2021
				OOOO	DOOO	E'000		E'000	E'000
Designated	funds
Staff development			fund	9					9
Fixed asset	reserve			36,326		(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
Revaluation	reserve
Pension reserve				156				477	633
Other unrestricted		funds		2,798	9,271	(9,059)		(330)	2,680
Total unrestricted			funds	42,911	9,271	(10,887)		1,164	42,459

							Transfers.
				Balance			investment	Balance
				1 January	Incoming	Resources	gains/(losses)	31 December
				2021	resources	expended	pension surplus	2021
				E'000	E'000	E'000	F000	E'000
Designated	funds
Staff development		fund		9				9
Fixed asset	reserve			36,326		(1,828)	3,872	36,370
Investment	property		reserve	3,622			(2,855)	767
Total designated		funds		39,957		(1,828)	1,017	39,146
Revaluation	reserve
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)	1,184	42,217

					Unrestricted	Restricted funds	Total
					funds		2021
				Note	aooo	E'000	15000
Income:
Donations &legacies					277
Income from charitable	activities;
Bristol Zoo Gardens				2(a)	5.346		5,346
WSd Place Project				2(b)	2,121		2,121
Conservation & research projects				2(c)
Income from commercial		trading operations		3(b)	1,290		1,290
Investment income				3(a)	237		237
Government Grants				3(c)		140	140
Other income				3d
Total income					9271	545	8815
Expenditure
Expenditure on raising	funds:
Fundraising					245		245
Commercial trading operations					tgt3		1.213
Invesanent man ament		costs			26		26
					1,484		1,484
Expenditure on charitable		activities. '
Bristoi Zoo Gardens					6.554		6,660
Wild Place Pm)act					2,611		2.645
Conservation &research projects					238	320	558
Total ex endlture					10887	460	11347
Nel (expenditure)/income		before investment	(losses)/gains		(1,616)		(1,531)
Net losses aine on	investments			10			687
Net (expenditure)/income		lor the year			(929)	85	(844)
Other recognised gains/(losses);
Actuarial losses	aine on defined benefit		sion scheme	19			477
Net movement in funds						86
Total funds carried	forward				42 59	590	43 9