2024-12-31-accounts

Bristol, Clifton and West of England Zoological Society Limited Annual Report and Financlal Statements for the year ended 31 December 2024 Reglstsred ￿arIty Number: 1104986 R8g18tered Company Number: 5154176

Bristol, Cliflon and West of England Zoological Society Limited Conlenls Page Our miB8ion Strategic Report part 1- our achievements in 2024 Straieglc Report part 2 - financial overwlew Slwclur8, governance and management Statwn8nl ol Tiustee's Responsibililles Independ6nt Auditors Report 13 14 Our accounts: Consolldaled statement ol financial actlvities Consolidated balance sheet Con801i(Jated ¢ashflow State￿nt Notes to tlw accounts 17 18 19 20.42

Bristol, Clifton and West of England Zoological Society Llmited Report of the Trusl8es Our mlsslon - Savlng Wlldlile Together Brlstd ZoologieAI Socl8ty was established In 1835 wllh the CharIt￿)le oblecllve lo athance Ihe publlc under8tandlng and Ihe cons&Nation of wildlife aThJ the natural environment, and Ihe s¢lgntllic Study ol plants and anima16. Ar)d wè are a6 commllted to thes& obl8cllves today, as wo wore 100 yoars ago. Today our mlsslonls Savlng Wlldlfe Together. Our vlslon Is for wlldlll8 lo be a part ol gveryone's live8 and for people lo want to, and be enabled to, protect wild￿re now and for the future. To dèlivér on our vlslon wa undartake a range ol athltles. Includu)g: Btstol Zoo Piolecl (prevlously Wlld Place PrthGt): We opeyale an awarthwlnnlng conservation zoo. Garlng for some of th8 wofftl's most thrgatenèd anlmth. Here, 85Y. ol the animals we caro for are both threat8ned and part of largeled cons8Natlon programm98. Our aim 18 for Ihls 19 rlse lo mor@ than 90#A ol specles by 2035 - mora than any other zoo in the UK. Nalional and Internallonal ConseNalion Acllon: We lead 20 field conseNalion pn)jec18 in the UK and abroad and parflclpalo In more Ihan 50 co-ordlnal¢d breeding programm@s for specios al risk ol ex111￿1￿)n. Learnlng: Wo pTovlde gducalion programwngs from pre.school lo Pho, for more than 17,000 s¢hool¢hildren and 400 hlgh8r eduGalion studonts por year. and informal leaming for all visitors. Sinco startlng our educotlon programme In Ihe 1980s, we have welwned over one million schooichildren to Bristol Zoo Gardens and Brlstol Zoo Prolacl. Local Communlty Benefit: We run o p￿graMMe called Acce58 to Nature and partner wllh 63 lo¢al ¢ommunlly groups and charltlos, such 89 Brbtol'8 Childien Ho4)ilal &nd T6enag8 Cancgr Trust, to help everyone access nalure. Aeseorch: Our 8cignliliG Qutput cover8 field cOr￿e￿allOn blology and ecology as well as 200 blology. velewinary medtolne and saclal sclonce. Between 2019 and 2023, our sci6nlifle community supoNised 322 sludenl research pr*ct8, lrtluding 11 PhDs. Our commllmgnt lo wlldlik 18 eonturkB old It comes from a dp8ir6 to botter und8r81And Ilfe on our plangl and Insplra people to engag@ wilh nature. Our vlslon Is forwildlife lo be a part ol evaryono's Ibve8. To deliver on thls vislon, Br18101 Zoo1￿c￿l Soclely is dellverfng a Slralew to 2035 Ihat sets oul t)ur dlre¢ll¢>n for the nexl 11 year8, as we journey lowaYd8 Ihe bic6ntenary annivor8ary of lh8 Socl8ty In 2035. ID OUT Slra19gy we klontlty flve obkGtivo8 Ihat log6lher wlll onable Dur vlsion: 1, Saving wildlife: Grow the proporlk)n DI specles In collection wlth targ61ed conseNallon to more than 9￿fi. 2. Engaglng our publio,, Engage and connect with more than 800,000 v18ilors and momb9r6 pèr annum. 3. Croallng conseNallonlsts: Engage and inspire over 90,OW schookhildfen par annum - conseNallonlsts of the future. 4. Suslalnlng our envlronment: Bw)me a oarfJ)n-neutral organisalion. 5. Suslalnkng our fulurg: Develop tho now 8rlslol Zoo Ihrouoh a major programme ol e&pllal Inve8lment. Successful dellvery ol our Stratagy depgnds T)n the closur8 of Bristol Zoo Garder￿ In Cllllon and ¢￿atIon of a n conseNatkJn zoo lor the 21st c8ntury al Byistol Zoo Prolecl. Horo we have a unlque opwrtunlty lo: rèdefine what a zoo Should be, connect visitors vAth all Ih818ri&tol Zoologi￿1 Soclely does ag 9 M(￿￿M conservalion ¢harity,' and grow dovelop our con8eNalion and eduoallon programmes In tha UK and acw tho world.

Bristol, Clifton and West of England Zoological Society Limited Report of the Trustees (continued) Strategic report part 1- our achievements in 2024 Bristol Zoolo9ical Society works in the contexl of an ecological and climate crisis. We belleve wnsetvation zoos can play a c8ntral role in preventing the extinction of endangered species, as well as educating communities. In this seclion we outline a selection ol our 2024 achievements and pertormance against the live pillars ol our Strategy 10 2035. This do8s nol cover the full scope ol our work. Visit our website to find out more.. ww4.brislolzoo.or .uk Savin Two- eaw ecl in Cameioon declared a success- In January a Iwo-year project to safeguard the wildlile ol Bénoué National Park in northern Cameioon, came lo an end. In partnership with Cameroonian NGO Sekakoh. we incr8a56d the frequency ol paliols within Ihe park, provided pa1rol teams with much.needed equipment including GPS and backpacks, and repaired 112 km ol conservation service Toads lo allow anli-poa¢hing teams lo penetrate deeper into the protected area. AQUA scheme ex anded nationall The AQUA (Aquatic Quality Award) biosecurily accreditation scheme, led by Brislol Zoological Society in partnership wilh Soulhwesl Water and the Animal and Plant Health Agency IAPHAI, was expanded nationally with funding from DEFRA. The scheme ensures ils parlneis actively conserve their siles lo maximise native aquatic diversily, prevent disease causing agents Irom posing a risk lo ecosyslems, and minimise Ihe threat ol Invasive Non-Native Species (INNS. Bird breedin success.. Two ol the world's raresl bird species, a pair of Mauritlan pink pigeon, now classed a8 Vulnerable, and a pair ol Endangered Visayan tariclic hornbill. bred al Bristol Zoo Projecl. While a pair of Exlincl in the wild Socorro doves successlully loslered a Vulnerable pink pigeon, in a UK conservation first. Linkin the Levels is launched-. In September, we established a new project, in partnership with Soulh Gloucestershire Council. Linking the Levels 15 a new nature Tecovery initiative which will locus on 17,230 heclar8S along the Severn Esluary. Over the next Iwo years, tho project will conduct ecological suNeying and engage local communilies lo plan a lull programme ol work. Phase three of our cam n to reduce ille al huntin in tho Phili ines starts: In June we visited tho proje¢l lo launch Ihe linal stagfj ol Ihvee-year campaign, to promote the importance ol conserving threatened native species In the remaining forests of Panay and Negros Islands. In collaboration with our partners, Philincon. we are carrying oul a Ihree-year proj•¢t funded by the Da￿1n Initiative to investigate causes for the hunting ol the Visayan waty pig and implemenl communlly.led mitigations. Arrival of an re arrots: We took possession ol a group African grey parrots thal were rescued from the pel smuggling trade. The parrots are being well Gared for at Bristol Zoo Projecl and will soon be moved lo their new parrot aviary in Alrican Forest habilal. Arrival of boxer fish.. In December we took delivery ol more than 50 boxer puplish eggs Irom Whipsnade Zoo, as part ol ellorts to saleguard the species that is believèd lo be exlincl in Ihe wild. Bristol Zoological Society and Whlpsnade Zoo are the only zoos in the UK to hold them and breed Ih8m lo enable fulure reinlioduclions. En in our New Fled andas.. In March we welcomed a male Endangeyed red panda. Nilo, who later In the year was joined by a lemale, Laya. Red pandas are native lo the Himalayan Mountain range through Nepal, India and Chlna. where Ihey are under threat Irom habitat loss and poaching. Ex loiers, basecam ens.. In Ihe summer we opened Explorers Basecamp. a bespoke thiee-sloroy tower and playground designed for all ages. abilities and needs. Wilh input and insight from our conservationists and public engagement and 6ducalion leam. Ihe playground is split over different levels, each with a diflorent iheme lo n8Plfe children to save wildlife. Level one is based on the work our conseNalionisls do in the lield and lollows the theme ol inve8tigalion. Level Iwo is all about animals and has a locus on games, including sensory boards and braille inserts. Membershi takes off.. In 2024 membef5hip ol Bristol zoolog￿81 Society grew 44Y. from 13,358 in January lo 19,290 al Ihe end of the year. With this incredible growth, Ihe Society now has more members lor Bristol Zoo Project. than il did in 2021 across both B Yislol Zoo Gardens and Biislol Zoo Project {then Wild Plac8 Projecll- New ioducls- We inlroduced a range ol new producls in 2024 to provide more opportunities loi the public lo engage with wildlife and conservation. From Summer Lates which provided performing arts and music activilies lo visitors ifi the evening. lo experiences and adoplions. we reached new audiences.

Bristol, Clifton and West of England Zoological Society Llmlted Report of the Trustees (contlnuod) Creati conse onls AnewMSKI C In Seplgmber 2024 thg flrst cfthorf ot sludonts slarted lh8 now master In ConseNatlon L88d8r8hlp, whlch we dbllver In collthration wlth UWE Brlstoi. Th1$ Ilexlble dislance and innovative course, glves Stud￿ a chantt8 to I8molely shadow tho lead of a stratègl¢ conseNatiDn p￿￿ttl loam for six month8, oiving them the opportunity lo advance thelr careers whlle balanclng olher wmmilmgnts. new aducalion oller: We InI￿dUCed a now s8lf-18d educatlon offer. alowlng èduttallon and communlty grou lo visit the 8ltg with ed￿atIonal materlals that do not requlre a tsughl se8slon. In 2024 11,839 studenls took up IhS5 offer, whth Is mre Ilexl)le vlslt lor 8¢kn00lB, and maintains benellciary number8 while r8duclng d81ivery cost lo the Society, ork ex c6 and Insl ht .. In 21y24 we relaunchwj our woth experlence programm6. 8 yea¥ 10 sludenls from L4obal majority backgrounds vlslled the ale for & week 8ponding lime wilh a range of differgnl 18am8. Al the same time, we launched new lth¥lghl day61 for schools to brlng 8tudents lor a one-day taster ol a eare6r In oonBorvatlon and wlldlif8. Vol lltsèrln . In 2IY24 we Irialled a new youth volunleerlng scheme whefv 9 volunleers lag6d 1 &18} Irom Global M4o¥lty backgrounds wore i&ttrultèd through H n8w partr*Yshlp with Yrlslol Fulure Talent. Th6 volunteers conlrlbuted a total ol 130 hours, Support￿ by 8lghl Engagoment Support volunleers who re¢elvod additional liaining lo support them in the role and help them grow Ihelr confldgnce ndin our hl h8r educ lion offer. Our vel team successlully ran two parallol rolalion8 for flnal year vg1 students: 4 now ono-week CO￿ wolatlon on exot￿ pet medicine and 8 tW0.v￿ek selectèd rotallon on zoo, wlldlifè and con8eNallon medicino, ￿th lanla8tic f8gdbad( Irom 8tudgnts, us You can what me e: Following th8 Instsllation of several new s￿)Mot￿lS, in 2024 wo dov6lop9d a better undoiGtandlng ol energy uso across Brlstol Zoo Pwigct. As a r88uIt, we were able lo i(knntily new prL)lecl8 lo reduce elecmdty con8umNion al some ol the hlgh-w locolions, liko Ihe giralle house, We al80 Inlroducgd a npw asset mgaguiement mglhodolo9y fcr assessing housohold Income and well-belng d)&ry8s for th090 Involved In our Int6rnallonal consèrvallon progiammes, whloh ￿ helplng u6 to understand the Impact of ou proiecls on local peopl8 and delefmlne Ihè vlablllty and SustaI￿bIlity ol proifyots. Less landflll: Wo entered a new wa818 rnanagem8nt Contr￿ updat6d recycllng strèams, and created easEr-lo- understand bin signage. Nct only are th8 bins more atlyaclivg for vl8ltors, but wast8 segregatlon has Improved, wlth less conlamina1iL￿, m6anin9 Ii¥Jre 18 being rncyde Su81atnable Ir (xt. We partn8rnd with t>0￿ 8.blké8 lo oiva amploye88. volunteers, 8tudants, and vlsllo anolhor rea60n lo gel out ol Ihelr cars. To￿th&r, we negotiated with WECA lo eypand Ihe geofenc6, whlch moans taking a Dolt e•biko to our dedicatsd blke parkiig aY6a at visltor adfflSssioD8 18 fiow P088ible. To help empbyees and volunteer8 undersland and be el)le lo communlcato our 8uslalnablllty commitrnenls and progress, we launched a be$Foke e4&aming modulè. We then shared our suslalnabillty 16ssons 2xtemally, via WQTkshops, panol dlscus8knns, and Indmdual support lo Industry peer& We're dellghled thal some partners havè since htroduced sustalnabllity pol￿19$ and Improved suppli6r auditin and nel-zgro actknn plans. rlu eclsion no CÈ Kssu8d for Brls ol Zoo G Our plans to develop the former zoo sile mLwed a m￿r step lO￿ard when Bristol City Council i8su8d a D￿l$lOn Notlcè and plannlng conditlDn5 lof Brfslol Zoo Qardens, whSch set Dut the rA)Ilg&lion8 any devÈlop6r of tha 8ile must maet. Thls was pOS6t￿e nows. as Ihe Plamlng obllgatlon8 Incl￿6 kgy aspects of the (k8iun, whkh lh8 SoGlely has always been commltled to, Inoluding affothble hDuslng nd pubilc Rcces8. Fdlowlng the relea8e of the Dec181Dn Notice a J￿1￿cIal Review challenge of tha plannlng procass was submllted, with the hearing hekl in eaty May 2025 and a resolutkjn expected Immlnenlty. Plannin consent ra ed for new 8ite master an: Soulh Gloucesteyshlre Council granted planning pomii881on lor the complote new masl6¥plan of Brfstol Z¢￿) Project which wlll See the crealion ol a new con8ervallon zoo where visitors and anlmals wlll be Immersed in Ihe natural lands¢ape. Conslfuction bo Ins on Afyican Our plans lo Greato o new con8eNation zoo at Brislol Zoo Prole¢t n￿Ved major slep foNar(l as work began lo bulld a new Central Afitan ForoBI habital lor some ol Ihe world's most endangèigd specles. Thé new habltat ￿11 become home to our exlsllng Iroop of Crlllcally Endangeied w@slem lowland gorlllas, Endangered ¢hgTry4rowned mangabeys, Crlllcally Endan￿red slèndef.snoul¢d Crooodiles, and Endanggred Amcan grey pairots. esl: In 2024 Bllfa Award e4nd Ihe Fraxlnus Charitable Trust camo together to make a onè-mlllkfyn-round granl to lund a now Central All￿n-th&Med leamlng space, The Gorllla Laainlng Space wlll ba I￿orporated Into tha gorilla house and becomB Ihe most physlcally immerslve loarnlr spaco at BrlBIDI Zoo Prol8cI.

Brlstol, Clifton and West of England Zoological Society Llmited Report of the Trustees (contlnued) Slrateglc report part 2 - financlal results and overview for the year Income Overall irKome In the year w8s £7.8m12028: £7.7ml. Wllhln this. adm18slon and other vlsltor Inc¢)me for Bristol Zoo Project wa8 £0.8m hlghor than In 2c￿& Restrl¢t8d Income deciea8ed slgnlllcantly in 2024 to £0.8m. GonaeNalion fundra181ng dropped from £0.5m In 2023 10 £0.3m kn 2￿24 telleciing thg challenglrKJ lundralslng ￿￿110￿menL Capilal fwdralslng In %)24 Included a further £0.5m from o £1 m plodged grant r88trlcled to Ihe conBlruction ol Ihe African Foresl halltst. The profil on asset dsposals wa8 £0.2m12023., 9.5m). In 2(124 wly dlsp08als related lo Ihe Sale of duplkate hisloiical artlfacl8 and unroqulred flxlures and fittlngs from Biistol z￿ Gardens which were 80kl at awlions In I vear. Tha Trustees have 88sum8d no change In value lor the remaI￿ng Invostmeni proport198 a8 ba8gd on current markel Inlomiatk)n have been no signilicanl value ¢hanps In 2024. Expendllure Whlle overall Income remalngd statlc In 2024, lolal exp￿dIlUre on charltd)le acllvilles In 2024 d8¢reased by £Q.5m 10 £9,7m12023: £10.2ml, refieotln9 th6 conllnued efforts lo reduoe ¢08ts and streaftllno efNcacy wherever poSs￿le. A small amount ol ox¢epth)nal costs of £22k have boen identifled In 2024 as assoclal8d with the closure of Bristol Zoo Garden8. Movement In funds Thp ne¢ mov&monl In funds before exceptlonal cos18 and Invaslmont gains was & delictt of £2.2m (￿23.. deliclt of £2,5ml. ExclLKling westrfctetl funds, net Thovemenl In lund8 bpforo 6xceptK)nal oosts and inveslmeni galns was a delkll of £2.6m12023- defi¢il 01 £4.1 ml. Total net movemenl in lunds incI￿lin0 itweslment galn8 W88 a delicit of £2.1 m compared to a surplus ol e6.7m In 2023. Thè tran81er of £2m from yes1￿Cted lo tho deslgnated Ilxed assot reseNe wre8ents th@ r6strktKI lunoL8 received lorlho Constn￿li￿ ol Ihe AfM Forest. As the con8lrLtction progressed ovor 2ff24, the Truslee8 determined Ihat Ihe reslthllorts atlached to the grants had beon mat and aweed to tran8ler Ihg lunds to unTrstricted to reflo¢t Ihe use ol Iho as8et on an unTeslrlctad ba816 fcrf Its charilalAe pu￿OSe. The Trustees have g￿en dL￿ cor6kletsllon lo the guldance wlth seotlon 2,12 of Ilw Charlt188 Statement ol Re¢ommenthd Pra¢lke ISORP 2019) In me4kiro this decIs￿)n. The overall Surp1￿ on the cto$6d thllned benefit scheme has reduGÈd durirKJ 2024 by £195,OCrt) (2023,. d8cr8888 01 £196,0(10), Icllowlng a r￿uctIon In Inve81menl value and liabllitl&8 bul ¢onllnues to be In $urplug. The over&ll movement6 have resulled In an actuaylal loss In Ihe con801idated 8tatemont t)1 financiol Aotlvllle8 of £195,000 (2023: 1088 01 £196,IM). Tho Trustoas are mlndful the 8chgm8 (￿Ukj go Into delldt again and Ihe SOci￿Y has contlwed lo worf( wilh thé p6nslon Trustees lo r6tkK8 th6 rlsk kn Ihe a88et portlolS0 and b￿ley match ihe prollle to the Ilabllltles oul lum. The results of Ihe 2021 Irlennlal valualion were linalised thrln9 21y22, and ￿nI1￿led that there was o surplLO as at 30 Septsrrtger 2021 of £141,OCMJ. We exFeCt thg results ol the most reconl IrieTrnial valuation to tsg avallabl¢ duwing 2025. Financial key perlormance Indlcalors Catsgory 2024 2023 chang8 Total vl$llor numbars 347,389 199,391 817,242 9V. Pald attendanc 193,110 Adml881gn In¥ome lexc. Glft Aldl £3.4m £2.8m 21Vo Admission income per payln9 vlsltor £17.12 £14.30 19% Day vls51or calerfng spend ppr vl8ltor £3,69 £3.15 17% Retall spend pey vtsllor £1.52 E1.22 24%

Bristol, Clifton and West of England Zoological Society Limited Report of the Trustees (continued) Vlsilor numbgr8 Total vi8ltor numbers incieased by Compargd lo 2023 (19% increase in 2023 Compared lo 2022}, This I￿rease In vTrslloi numbèrs and priclng. léd lo an incrèas8 In admlsglons In¢ome of 3%, Fundralsing practlces The s[￿1&1￿$ appioach to lundrobslng18 sél oul In Ils Fundralslng Pol. Thg Soclety prfmarlEy lurKlraiseB Irom phllanthropk souw (e.g. grant ¥ving b(xlie8 and Indivithallgroup donor8}, corporate sponsorship (both cash a￿1 'In-kind"l and fundrai8ing events. Tho Society Rcognlsgs Ihe nd lo oonducl116 fundraiBllVJ within Ihe conloxl of I￿09n180d standards $el oul In Iho Inslllula ot Fundralslng's Ilofi Code ol Fundralslng Practl¢e, tho Dala ProieGlion Aci 2016 and thg GAP Godo (Commltle• of Advertlsing Pracll¢o}. The Fundralslng Polioy stresses Iha C￿l￿al Importance Ihat indlvldual should usè thelr posStlon in Ihg Sooi61y for pewsonal gain, 01 to bgnefil olhers al the 8xpense of Socloty. Ils ml6slon. or repulatlon, The Pollcy also 8el8 oul that ￿divIdUal$ musl not act In any way Ihal coukj be r()a8onably seen by othérs a6 CDmpromi$ing the Indeponden and integriiy of Ihe Soclely; all activ6tl85 are to be carrled out with honosty and Integrlty, wllh employegs never knowingly misleadino support@r& Any covrfidBnlial informaliDfb obtBh8d must always be prolect6d. and Ihal the tru81 of all support¢r818 not violated. The Polky also seb oul th& way in which we d8d wtth fundralslng c¢Jmplaints. No complalnts were received during Ihe yLiar under review. Remuneratlon policy for Staff The Soclèty has a iemun&ratlon poliw for all $lalf. sel and monllorèd by t￿ Poople Commi11oe, In view vl Iho nature of lh8 Socloly, tha Truste6s ben¢hmark agalnst pay levels In other zoos and vlsllor ailractlons ol a slmilar 8Iz8 lun on a Ch￿Itable basls, 11 reoiuitmenl ha8 proven diifKutt, a market addition may also be pald wllh the pay maximum no greater Ihan th8 highosl ben¢hmathgd Balary for a oomparabl8 role. Prlnciple rlsks and uncertalntles Rlsk Management The Fkn&￿e, Risk and Aurlt com1￿1￿818 resprjnslblg on b8half of Ihg Trustees for revlewlng Iho policieB overall proc856 for Id8nllfying and ass￿n9 risk8 to the SoGl8ty, It r8vl&w6 th6 major 8tratdglc, bualness, 1kno￿l￿1 and operational r16k8 to whlch th8 Society IB exposed, both the ￿sk belora controls and miligaliffj actiohs and the rlsk allei taklng th06e into ￿¢oUnL Sy818ms hav6 bean establi8hed to mStKJate thos8 rltsks and pro¢edurg8 have been IM￿ements￿ to mlnlrnlse any potentlal Inwacl on the Society should th088 ma18rialrae, Th6 TYus1868 are generolly gatigffied that proper systems, Incluthng risk assèssment proces8e8, hoalth and Safety PrC￿dureS ahd Insuwices are Sn place and that pollcles are In place lo recognlse and mltlg&t8 exposure lo othgr malor rfsks. The prI￿1paI iisks lafler taking inlo account both controls and mlllgatlng a¢lt¢n8) havè be¢n assessed by ihe Truste08 aGhl8vlng thg Sa￿ of the land and property li Cllfton, Ir￿lUdIng Ihe Bristol Zoo Gardens 8ite, lor be8t Va￿9. finali8lng Ihe thnning and funding lor the developmerbt ol the ￿18101 Zoo Piolect; facilltaling th8 smooth clo6ure and IranÈition of pec•ple, Students and anlmalB lo Brlslol Z¢)0 Project or allomallv lacilill&s whlle Ihe constructlon ot puryMJs& built facilitles Is finallsed: thg challengès of runnlng 8rlstol Zoo PYoJect untll the on 8fte Invvslments provlde new faclltie8 and exhlbils. Iho need lo M&￿taIn an awiopriale lovel of cash reseNes lor th6 slzè and nature ot the charlty. laklng Into account Ihe timlng ot properfy di￿08816 and investment in Brtstol Zoo Pro1￿1 ensuring sull￿1￿nI unr6slrloted, undesignated raseNes10 5UFPOrt the long-teim investment and mainlenanog 018ristol Zoo PrO￿ttE. Al the slraleglc level, these rlsks are b8lng addressed through the Strategy lo 2035. The oplimum us6 of ou¥ land and propèrty a$$è16, Increased bank facllilios and philanthroplc fLtndralsing wll fund the delivery ol Ihe Brlslol Zoo Projocl MaBlér Plan aml our wldgr charitablè actlvlt198. Our cr8dll rlsk remalns low but our Ilquidity 118k Is hlgher than In previous yea¥s glvon the uncertainty over the tlming of thg complollon of thg sale ol Brlslol Zoo CJ4rdens and our rèsulllng dependency on our revofvlng crèdil facllily. We

Bristol, Clifton and West of England Zoological Society Limlted Report of the Trustees (continued) breathed our EBITDA loan covenant a8 at D8cembor 2024 and therelore tho loan ha8 been presenied as a current Ilablllty bijt HSBC walved Ihdr rithts kn relatlon lo Ihe breath Subseq￿11 to year end. We und$rslond and monltoi r cash Inllows and otstlkJw8 carelully and 0￿Y embark on large caplial 8pend once we hav¢ rgasonable certainty of Ihe cash genara19d from opernlions, secured lundral8lng or iN)rrowing In pl￿. Our overdralt faclmty arKI revolvSng crédil facilltlos provid6 further liquid lunds and we maintaln fulty liquld cash r6seNe8. Wè have mlnimal expr)surE to Inler8s1 rale rfsk on our borrowings a8 all are al Ilxed rates abovg LIBOFI for Ihe term ot the loan. Our slratogy includ88 Ihe $alg ol Brlstol Zoo G&￿en5 and other propgrt164 In ordew lo help lund the dev8lopmenl of Ihe now Bristol Zoo PrO1￿t and ils investment in ttjnservatlcffi actlvllles. In addillon, long funding has been agreed with HS8C Bank plc comprlslng a £1&n rovdving credll laclllty and a £0.5m ovordrall, Whlkl contracts have been gxchanged loi the sale of BTlstol Zoo Gardens, due to an onwing judtclal revl8w, we are y81 lo complete th8 Sale and receive the sale pr￿ed￿. Al the Ilm6 of signing the awounts we do not hav8 an agreod ga16 completion dale. Once complelion occurs. the pwwe8ds will be suffl¢lgnl lo redu￿ borrowlng and continu8 OUI developm6nl of Brlslol Zoo Project. Our revolvlng cwedit laclllty is Gulflcient to meel our cuffent borrowlng ne￿$ to dellver Ihg first phas8 of Ihe developmenl ol Bristol Zoo Projecl but an end date 0130th Jung 2026. The Trustses are conlldenl of negotiatlng an exlenslon lo oxlstlng laclllty or a new credil la¢lllly. I￿t In dolng sowlll Incurlacility lees that may not be requlred should the 8919 of Brlsld Zoo Gard8n8 complete pYk)r to tho 301h June 2026. In order lo pr9vent umece8sary oxpondilure, the Trusteos have delayed the conclvskjn of thoso n8goliation5 wllh HSBC until there is more clarlty relalkng to Ihe ju￿￿1a1 roview and any potenllal appaal lo the outcom6. In the absence ol a foffnal olfer to exténd the exlsllng credit facility, the group Is dépondanl upoD the cThnpletK)n ol the Salo ol Brlstol Zco Gardens In order to ropay lh8 revolvkng C￿di1 lacilily. The TNst8es reco￿186 thatthiB, alc￿uside the unknown ¢omple16on dala of Ihe sale of the Bristol Zoo Gardens slte. conslllulps a mal8rl&l uncertainty, In prepadng the wounts, tho Trustees have ￿Tr$Idered the 8tft)ny relaUon8hlp with HSBC, a8 evid0nc￿ by the wafved breach ol thg EBITOA covenanl. Ihe high likellhwd of conllnulng Ilnartial swport. the openlng of Afric&n Forest In 2026 and Ihe Soclely's plans to onacl a slgnlfi￿nI Go81 savlng progratnme in 2025126. Thw hdve also taken Sp￿la1181 aifvlce h relalh)n to the 8019 of Byistol Zoo Gar<len8 and are confident that Ihe sfte wlll be 801d. R88fAV88 The tolal re8eNes ol Iho Sooiety al year end waro £43.7m {2023: £46.Om). Inoludad wlthkn th1818 £0.3m (2023: £1.9m) of 198lrlcled reseN88. The Soclety's poI￿Y on reslrl¢ted resèrves Ss lo reccrfd donatlcffls. grants and other 80uree8 of tundrnlslng separatsly whore reslitllons ale Imposed by the lunder Ihal are narrower th8n the Sociely's overall obl￿Ve5. The lotal amount ol unrestricled rèseNe6 Is £43.5m12023: £44.1 m). The Tru8lee8 have a pofficy of deslgnalkng unr8slrfct8d re8ervpB lor OP￿111¢ PUTpoFes. Tho main d88ignated re8erves are: Thg Ilxod ass8t re8eNe ot £34m12028,' £20.6m) reprasents the n@t book valu& ol the Group's tanglble flx8d A88618 net ol out8tanLlnu related bank loans and ar8 soparatad a8 they eamot be 0&gity realised; Olh6r doslgnaledtunds totalling £8.2m {2023.' 12.2m) prlmailty lof the Constwctlon ol the next ph&se of die Bristol Zoo Piolect bulld,, and An Inve8tmenl prop6ty re68Ne of £0.8m (2023: £0,8m). The TrLk8lee8 revlew thelr FxJll¢y on re8eNes each year, Theye Is no slngle level, or evon a range ol re8eNes Il*t 18 righl lof all charlll8s. lèvel ol r6serve8 eel by iho Trustees sI￿uld rellecttho partlcular c1￿U￿WanceS ol the charlty and lo ￿m0 exlen( tsr8forg, any amwnt of money set asldo in a r08eNes pollcy 1$ subieclivo and will ¢haThJo over Ilmo. As al 81 Décomber 2024, th8 Unfestricted, undesonated rèsèkves of Ihe Soclèty amounted to £0.2m (2028 £1,1 ml and £0.2m12023 £0.4ml relallng to Ihe definod bonefit penslon fund, This level of lund$ was eX￿ted as part ol It Impl8m8ntallon of the agreed slrategy and the result1￿J arganisational Iran8itlon. The Soolely haa in pla￿ a erbdll faclllty to onsur8 thal sufllcienl cash Is availablo du￿n9 thls Iransiti￿al perh)d, The programm8 lo ènsure Ihal a sultabl818vel of unr88tricted, undp8lgnated rgsetves Is achi&ved and maint&ined18 a key part of the So¢lety'$ stratwjlc plan8. Upon the sale ol Bristol Zoo Gardens, Ihe relat￿1 (bslgnated fixed asset ¥eseYve wlll bo released and th8 Trustees will redeslgnate part of Ihe prolll Irom the Sale lo conlrbulelo Ihe ongolng devglopmènl of Brisiol Zoo Proiacl.

Bristol, Cllfton and West of England Zoologlcal Soclety Llmited Report of thg Trustees {contlnued) Structurei governance and manayemeni Qroup 8lru¢tur8 and Relallon8hlp8 Th8 Soclely has ona wlKJIty-ownod subskllary company, Brlstol Zoo Errterprlse8 Limlled (COMp￿Y numbef 17501671, 8slabllshgd to Opgrate the relall, calerlng and conferenclng la¢lllllos of th8 8(¢loly.11 has a Ilcence to operat6 th980 tadlilies gift aid8 its taxable prolit8 to the Soclety. Togglher Ihe6e aro r818Yred to as the Clroup. The Socidy hclds one Ihlrd ol the rnembgrsNp ol Brlstol Natural Hkgtory cOns￿lum, ostabllBhod lo Improvp tho way wo communicalo ab(￿t the nalural world Ihrouth Innovative public eventts, prole8sional dgvdopment and inlematlonAI dialogue. Its company regi8tralion numbar is 06472188 and it Is regislored as a charity, number 1123432. Charhable Objecls, Ml$sli)n ond Vision The So¢lgly'S Charflabl¢ Oblects are lo a(fvan¢e', the publ1¢ undeyslandlng and iha con£eNalSon of wildlifo and the natural envlronmeDt, and Ihe 8clenllfic 8luty ol plan18 and anlmals. The Soclely's Mission Is Savlng Wildlife Together with th8 vision lor wlldllfe to b8 part ol evBryong's Ilves and for pe(yle to wanl to, and be enabled to, pwotecl wlldlif8 now and for Ihe lulure, Th8 Soclely's princlpal 8¢tivllies are (a) the operalion and ongoing developm8nl ol Bristol Zoo Prolecl I'BZP,) as a cenlre for wildlilo conservalwjn and as a popular visltor all￿10n which èducat￿ and entertains the PLkn1￿, Ib) r6search and consèNation work carrl8d out I the field. and (c) the provIs￿n ol Hlghor Educall¢n courses. Publ1¢ Benefit Thè Trustees conllm Ihat they have compffied wlth th8 duty Sn tho Charilles Act 201110 hav8 dug règard lo benofll Ewldan¢è published by the Charity Commi88ion. The Trustses believe thal the ca￿Ing oirt of the alms of Ihe Soclety PlOVifleB a Publ￿ benefSt kn a numbèr of areas, including the provish)n ol education and of lacililies lor recreatlon and the COnseNati￿ ol endang6red sp8¢les. Thay also beloeve thal the degree ol ptt)IK ac￿￿$18 8ullic*nt for thè Socibly's alm8 to be carilod out for the publk beneflt. The maln actlvltles durfng the year have tho operation ol Brislol Zoo Prolrt and wh8n 88tling admission prlcos. due regard Is pold li) ÈnaNSwJ as many members ol the publlc a¥ pose￿Ie to benelil liom th8 facilllie8. A rang8 01 discounted admlsslon prlces are avall&)lo for students, school groups, and wilh dis￿?1111es elc. The s￿l61Y also ollers othgr schemes, such as wolunleerlng, whlth wlll benBllI thos6 who would or¢lnarfly be unable to afloid access. Whlle Brfstol Zoo Gardens closed lo vlsltorn on 3 Soplember 2022, 11 ramaln8 In use for eduoalion purposos wlth HI￿81 Educalk)n taachlng c¢mrtln￿ng io bo ba86d at tha slt&. The Stratgts Report conlaln8 a fuller de6cYlptEon ol the public benolit thal Socloty pmldgs. Governing Document Thg Soclety 1$ govgmed by ils Memorandum and Artlde8 01 Assoclatlon. RocruStment and Tralnlng of Truste68 As sel out In the Aillcles ol ABsoclallon, we have up to Iwelve Trustees, ol whom two arg nominatod by the University of Brfsld and the Unlv&rslty of thè Wost of England respeclivèty, The remalnlng Trustee8 are elecltsd by th& shareholdors. All Trust868 8gNe a tlx8d torm ol Ihree years, wlth a maximum of three lerms. An anatysls ol the compl&mentsry 8kllb of tha Tnts16eg Is carri8d oul regularfy to ￿nfIrM that the Trustées have an appropriate rangp ol 8xp8rtlse and 8kS18 to govom Ihe Society and dellvor thg 8lrat8gy and lo inform Ihe Succgsslon planning process. Any recruStm8nt ol new Trustees, as and whon requlred. l(Kusas on Ihe sklHB whl¢h tho Board requSre8. Pro8pact4ve new Tntslees are invlled to visit the slte, meet the Ch561 Exe¢utlv8. key 9mploye&s and olhor Tru¥lees, and beGomB acquainted with the cutture and slandanls Df the organlsallon pvlor to attbnthng fom7al Trustee

Brlstol, Cllfton and West of England Zoological Society Limited meetin￿. Report of the Trustees (continued) A pack of Informatlon Is mado availablè lo ngw Trust66s. Th18 comprlses coptes ol the govarnlng dC￿Ments, past annual rovlews. r6cent 8thtutory and managemenl accounts, mlnulea of rnoellngs and other t)ackground mateilal includlng ￿levant Chaiity CommT8slon publlcatlons. Organisatlonal Management and decl&lon maklng The Tru8tee¥ conslder that Board ol TnJstee8, together wllh tho Exactstlva Board comprlse the key governanc pwsonnel ol Ihe Socioly, In chaffJe ol threcllng and oontrolllng, ￿nr￿ng and operating tt)e Soclèly on a day.Io•day b881s, Havlng approved Ihe annual budgel (rqllecllng 1119 Strateglc and op&raling plans), pc4lcy Implementation arbd day-io. day management is delegated to the Chlef Executlve and Execulive Board and monltored by thp Trustees Ihrough Ih9m. To locllilale effective 0￿ratIon$, Ihe Chl8f Execulive has authorlty. withln th• lerms ol d8l&gailon approved ty tho Tru8le68, for operalional Thatl¢rn inclu¢Jng Ilnanco, employTnent and mi58ion-ralated aclivlty. Tha Tru8tee8 have estab118hed committees lo monitor oulcomes lor speclflc areas ol the Sociely's op9rallons a8 lollow8: a Finance. Rigk and ALxlSt Conunitlee and a People Commllte8. In addition, Ihg Tiusleès havo In place a Pmlect Board mad8 up of Ihe Executlve 8o&nl. TiuBlees and threo Ind8p8ndent members who logethov have speci Ygsponsibilily for advislng on large catAtal investmenl. Trustee Advisory Group8 èslub118hed In 2(r22 c¢)nllnue to brlng itsJelh@r 8pecFall8ls10 8hare Ideas and know19dg& on 8pecllic areas and InclLKle a cL￿se￿allOn Advisory Gro and Publlc Ingagemenl Advisory Group. Thg8e Group8 are Ilexible, with a Inix ol intemal and 9Xtornal represenlallves and mogt a8 wequired. 11 18 tho role ol the inthvidual commltt8es lo 8nsur8 that thè Boad of Tiusle8s considerts all Gonsliluont part8 of tho Charity whon maklng declsk)ns and Ihal funds ar8 used ID best (blfver our mlssion and stral8gy. In a¢cordanGe wlth the Charlty Gov8mance Coth (CGC) lor laYg8r charities, the Trustees undortak8 intemal Yevi8ws of thelr elle¢tivenèss a8 a Board to identify areas for Improvement. All Twslees g5v8 thelr tlme freely and ho Trust r8CBlved remurterallM In lh¢ year. l)eta118 01 Trustees. eX￿n508 and related paty transaBllons are disclosed In nole 7 find 25 to Ihtt fin￿la1 Gtatements. Trustees are asked lo Gonflm any conflict8 01 inleiest at each meating and In parttcular each Tntee ha8 conllrmed that they havo no ¢onlll¢l of Int8r8st arKI wlll rK)t ￿ pèrsonally benellttiro lin￿lallY from Ihe sale of thè Socl8lYs prop8ty assets. Durlng the year und8r rdvlew, the Tru8tges met six times. The Trustees ol the chailty wha were In oflica durlng the year up io Ihe date of signlng the financial 8tal¢menl8 ayg a8 shown on page 14. Equal opportunltles Th6 Soclely Is an equal oN)ortunity employer and Is ccthitted lo promllng gqual opportunlty for all employees and volunte8r8, Th6 Sodety do?8 not d8¢rfminate agalnst ernployees on the ba61s ol Ihelr ago, di8ablllty* gender, sexual orfentation, gendèr reasS￿artMent, prggnarw and matomlly, lace, rellglon ¢X ba11￿. Any appll¢allons for employment or volunteprlng cyportmlll88 by dsabled per8on8 are always fulty con9kler￿1, bearing kn m￿d reGpectlvg aPllludeB and &bllllles of lh& applloant concomed, In lh8 wenl ol emFloyees bècoming disabled, al reasonable 9110rts mad8 lo ensuré that Iheli èmplLiymenl within Ihe Sodety conlinuos, Including énloylng the Game career developmènt and promollon opportunlt18s and t￿l￿1ng. Employee engagement The Soclely's èmploye8$ are k8y lo its succeBS and it16 lffyortant Ihal they are engag￿j wlth the charity and Ils a¢llvltleg on a loimal and Inlomial basls. A6 part of Ihis programme, quart&dy 'AII Slafl, m¢ellngs are hgld, where tl Exrfutlve Team prasent on Ihe performance ol the So¢lety and any other inlom)atlon Ihey1è81 employees shoutd be m￿9 awafe ol. EM￿0y9￿$ ar8 enoouyagod lo ask quesliDns at these nEetlngs. In addlllon, a8 part ol regular con$ultatlon with employees and &n¢ouragirYJ 8w4)loyee partlcwalion, Exe¢ullve Boar(I mombor8 met with a Staff Fowrn on a monthly basis. On a moro Informal basls. a reg￿&r newslolter L8 clrculaled and regLrf&r update meotlnJ¥ on anlmal spe¢le8 and conseNalion prdects aye provlded for Ihose who ￿sh to atlènd. Investmenl powers, pollcy and perlormance 10

Bristol, Clifton and West of England Zoologlcal Soclety Llmlted Inveslmenl pjwers are govÈmed by the Memorandum and Art￿lÈ9 ol Ihe Srtiely, whlch parmlt Ihe funds lo be Inve81od In the manner shown In note 10 lo the Ilnaiiciol stslemenlF. The Socialy doo$ not curr6nlly havo any funds hold in inv&slmenl funds. Report of the Trustees (continued) Asset cover lor funds Noto 18 to the financlal statement8 8e18 Out an analysis ol the assets &tt￿uIable ID Ihe re8tricted, deslgnaled and unrestricted funds. The60 assets are suflicionl to rneot with Ihg Society's ¢)bligalions in re8F¢Ct ol each iNJividual lund. Fixed ag8918 The movements In flxed assets durlng Ihe year are sel oui In note 9 lo the Ilnanolal slabments. Thg froehold land aml bulldlngs at Clllton wer8 rèvalued as at 30 September 2018, Tha lyeohold land and bulldlngs at Hollywood Tower Eslala wwe r8vabJ8d as al 21 Ct1￿&r 2014. Grant giving The Trustoes have approved A pollcy ol selting aslde a proportlon ol Ihe Soclotls unréslrktod lunds ea¢h year to provlth lor grants lo support In-sltu conservatlon pioiecls. Exgcutives brlThg lothayd recomm6ndat1or￿ for rxolecls to support, Thosé recwnm6ndallons are subJect lo Tn￿te8 approvai as part of the Soow's annual Lwdg81Sng proce¥¥. In addS1ion, grants are madè lo conseNatton organisallon$ frcrn Ihè piooogds of sp8clllc lundralslnu èxgrci38s. Directors, Indemnltles A8 permllled ty Ihe Artlclos ol AssD¢latlon. th8 Dlre¢lors have th@ beng111 ol an fjnd8m￿ty whlch18 a qualllwng third paty Ind8mnlty provt8lon as d&llned by Sodlon 234 of Ihe Companleg Act 2CKJ6. The indeM￿Y was In for¢a througl)oul the last Ilnanoial year a￿1 18 Still in lorcg post year end. The C¢)mpany alÈo purchased and maintalnod IhrouglKJul the fina￿[al year DIr￿10[8, and Olflcer8' liability Iisurnnce In re8p6cI ol Ilselt and118 Dlrectors, Key volunteers, stslf and advlsors Truslees eleetod by the members David Esam- Chair of Trustees Vicloria Ash Chrlstopher Booy OBE SaRh Fulley Paachès Goldlng OBE CStJ Andr8w Martyn-Jcthn8 Dr Jam Smarl IreBign8d 81 July 2025) Prof8880r J￿1th sq￿rg8- nominated by the Univer8ity of Briglol, Profossor St8ven Wesl- nominaled by Ihe University of the West of EnglaTh Emma Woollett R08a C(Kbishley- appolnled 23 O¢tuber 2024 Dr Joanna Piice - appolnled 23 Oolober 2024

Bristol, Clifton and West of England Zoological Society Llmited Report ol the Trustees (contlnued) Membershlp of Commlttee8 A: Attendee C: iJ)air M: Member FI￿￿0 Rlskind 8oAid of Audit Commltteo P•oplo Commlttee Trusl¢e4 nBZ Prolo¢t Board . JnBZ PB).- - -..-. Brfslol Zoo EnterprSw Ltd Board of Dlrectorg Vlctorla A8h vlcl Esaffl Sarah Fulltsy P&atth8s GoldIn￿.-. Andrew M -￿￿.johnS DrJane Smart Pfol J￿th S ulrog Prol Steven We81 Emma Wor450tt Em Dr Ju¥lln Mortts Brian Zinnlèrr Jonathan TlrMey---.-. - Hannah Wts]dros$ Imllam Marshall Martln Whlf• John RuthL_.- ._ Paul fA)omb& Ir@slgngd Ocl 24 For the year undor revlew, the Tiustees for the Brlstol Zoo Rellremtrnt and Doath 8gnefll Scheme p9n81C￿ scheme ¢omprls0 of Prof&%sor Rob Cuthbert {Chalr), Lelgh Callaghan, Edward flowberry, Slmon Gaff8tl (eM￿0Yea representaliv6) aThJ Phlll) Jearey {emptoyee wr88ontalivel. Andrew Martsffl- John8. Dr Juslln morr￿ and Kelly EvaTrs al80 attond the meg1¥￿6 a$ employ81 repro8enlativo3. Chief Executive Di Jusiln Morrfs Executive Team Kolly Evan8 Biian Jmmemi8n Jonalhan fffiney Hannah Wlndr¢sB Dlrector of Flnance ond Coryxjrate SgNltte8 Director of Con6eNatlon and Sclence Dlrector of Estates Dlreclor of People & Publio Enga9ement Company Secretary Kelly Evan8 Reglstered address Holwood Manslon House, Hollywood Estate, Bv16tol BSIO 7TW Adv18er8 8olbcitor8 vwv Narrow Quay House Narrow Quay Brlstol, BS14QA 12

Bristol, Clifton and West of England Zoologlcal Society Limited Aeport of the Trustees {continued) Bankers HSBC Bank plc a Temple Quay BrS51ol, BS16DZ Indopendent Audltors Sumer Auditco Llmlled Lgnnox House 3 Pièrrépont Slrget Balh BA1 1LB Biislol. Cllllon and We81 ol England Zoologlcal goeleiy ijmlted (Iho 'Socl6tY}18 8 company Ilmited by share8. The company re&islralion nunl)er 1$ 05154176 and it is regi818rod as a charity in England & Wales, ¢harlty number 11049B6. 13

ristol, Clifton and West of England Zoological Society Lirnited C"taieiTIL&nt of. I r'ust<>L*S' fcAS[ia risibililicr. Thg frusloes Iwho aro also direcloT$ ol Bristol. Cliflon and W&sl ol England Zoological Sciciely Limilgd for the pui'posos ol company lawl are responsibl6 lor pyeparing Ihe Report ol Ihe Truslg08, including IFie Sirateglc Report, and tho linancial slalemenls in accordai)cè with applicable 14w and Unilod Kingdom AcGounliw standords (United Kingdom Gonorally Accepted Accounting Praclicel. Company law rcquires Iho Trusloos lo prepare finan¢1￿ slatements lor ga¢h linanr.ial year, wh￿ch give a tru8 and lair vlgw ol the slale-ol-allali's ol the Gharitable company and the groijp and ol the incoming resourcos and application ol resources, including 1ho incoma and gKpendiluia, ol ih8 chayllable group lor Ihal poriod. In preparing these linancial slatefflenls, Ihe Trustees are r8quired lo.. select suilablg accoun1￿9 policies and then appty them consislenlly; obsewe the methods and pl1￿1p[8$ in the Charities SOFIP; mako ludgments and eslimale$ that aro reasonable and prudenl: slate wlielllor ap￿1¢￿blO UK Ao¢wnllng Standards have been lollowed. subject lo any malerial departurp8 diBelo$6d ancl gxplained in the linandal slattrrllents,, and prgpafP the liiiancial slalemonls on th¢ going cnncam ba%is unle85 It is Inappiopriale to presijme thal the eharilable c.ompany will t.onlinue in husii'iess. 'Thc 7 ru.sleL4B ure responsiblo lor keepinq proper H¢counling rt)cords Ilial disL'los8 with r@asonablp occuracy al any lim¢ the financial position ol Ihe charilatjle company and enable Iliem lo ¢risure Ihal Ihe lina"nciFJI slalemLJnls comply with Iho Companios Act 2006. They are also responsible lor sal¢guarding the assets ol Ihe chadlable rA>mpany and th8 group and hence lor iaking reasonable sleps lor Ihe prevenllon and dotgction DI fraud and other irregularili88. In so lar as Ihe Trijslees afe awarg.. Ih&re18 no iel(4vanl audil Inl()rmation DI which the chariluble tsompariy's auditor is iJnawaYe', and 111e 'fru l&&s ha￿ taken all slops Ihal they tsu￿1 lo have lakon lo make Ihorns￿lVes aware ul any relevant audit inlormalioii and to establi$li ihal Ilie audltor 18 aware ol Ihal inloi'malion. Thè TrusleeB are responsible lor the main1enai￿e arKI inlegrity ol thè coiporale and linancial Inlormalion Included on the Society's website. Legi81ation In Iho Uniled Kingdorn govorning the proparalion and dissemlnallon DI linancial slat8mBnls may dilfer Irom16gl8lalion in other jurisdictions. The Ropori ol the Trusleos and the Slraleglc R&vl&w were approved by Ilié Board of Tru8te6s. Davld Esarn 3 $2fi ..2025 14

Independent Audltor's Report to the Trustees and Members of Bristol, Clifton and West of England Zoological Society Limited Independent Auditor's Report Oplnion We have audlted the flnanclal stalompnls ol Bristol, Clifton and We61 of England z￿l(￿J1¢&I Society Limited {Ihe 'CharIlab￿ company'l lor year ended 31 Decembèr 2024 whloh COMp￿se Ihe Cansdidaled 8tatement ol Ilnanciol acllvlll96, cons011dat￿ and charitable company's Balance Sheet, Conso15dated oosh Ilow statÉmenl and not88 lo the financlal statements, I￿luding a 8ummary 0181￿111¢an1 accounllng pollclos. The flnanclal reportlng framework thal has b68n appligd In Iheir proparallon is appfi¢able law and Unlted KIn￿orn Accountln9 Slandards, Inclwllng FRS 102 'Th6 Flnanclal Reportlng Standard appI￿ab￿ In the UK and Rèpubl￿ of Ireland" (Unlled KIn￿lOrn Genoralty Accepted Accounllng Piacllce>, In our opinion Ihe flnancial Slalements,, givo a twue and falr vlew d the 8tste of the group's and th8 ¢harltable Company's affalr8 &s at 31 Decembei 2024 &nd of thB gYOiP'8 1￿Ming ￿sOUrCeS and ap￿I￿all0￿ of rgsourc8B. indudlng Its Incomè and expendlture, for Ihe yèar Ihen ended; hava been prop6rly pYBpar8d In accordarth wllh Unlted Klngdom Gen6rally Accepted Accountlng Practke. and have bèen prepared in accowd8nce with Ihe requirements of the Compani8s Act 20￿ and the Charili88 Acl 2011. Bas18 for Opinion We conduolod our aiKIIt In accordance wllh Internatlonal Standard$ on Auditing (UK) IISA8 (UK)) and appI￿&ble law. Our r8swnsbilltiès under IIKJBe 81andard6 are further deGcrlbed In the Audltofs responslbilltles for the audit ol the financial sla19mentS 8gcllon of our ieport. W8 arg Indepondenl of the charitable company In aecordonce wlth the othkal iaqulremenlG that are rolovanl to our audIt ol Ihè financlal statemonls In Ihe UK, Including the FRC'S ElhrAI standard, and w8 hav& lulflllod our èlhloal r6sponslblllll8È in acCO￿ance wbth Ih68è requlrem8nts. We belleve Ihat Iho audit evldence we have obtained Is Sull￿(P￿t and approprlale lo provlde A basis for our audit opinlon. Materlal uncertalnty relatln91o golng concern In loming our oplnion on Ihs IlnancSal Btatgmgnls, which 18 not modrfiod, we havo Considered Ihe adequacy ol the di8closure made in note 1 to the accounts concerning the Charills 8blllty to continue as a golng concom, Thls dl8clo8vre Indicates the exi8tenco of a malerial unceN&lnty which may Gasl significant thubt about the Charty'8 abllSly to ¢onliwe as a golng ccKem. Qur opinion fj not modilied in respect tsf this matter. The flnanclal slalements do nol Incluth tho ttdluslments Ihal would ￿sU11 If Ihe Chaiily was unable to (x)nlinue a8 a golng concem. In audltlng the flnandal statements, we have concluded Ihat Ihe Trusto08 use of Iho gomig CO￿eTn basls ol Lounllng Is approprial8. Our rosponslbllilkns and ts Ywon8lblit166 of the Tru8t868 wlth re8pfjttI lo gcing co￿ern ar? descrfbed In tho ¥devant 8ect&)n$ of Ihb raport. Olhor Informallon The TnJst8e8 ar8 respon8ble for the other Info¥mathJn. Th8 other InlDmiation comprl8es the Inf0m￿tIon IrKhJdod In Iha anwal report, olher Ihdn the linancial slatement8 and our auditor's report Ihoreon. Our oplnlon on the IIna￿la1 statements thes not coverthe olher wiformalion 6XCePt to the oxlent olh&rwls9 &xplldtly $ialeil kn our Yoport, w6 nol expro88 any lorm of as8urance 00r￿luSIOn thereon. In ¢onneclion Y•ith our audlt ol tho Ilnanclal statements, oui re8ponsibilily IB lo md the other knloimallon and, in doing so, Consider whether thè other inlormalion is matgrialty SwA)n$istent wilh the lina￿￿￿ stalemenls or our knowledg oblalned In the awlll or olherwl$e appearn lo be matorlally mlsBtated. If we idgntlfy such material Inconsislencies or appargnt materlal mlsslatements, we aro requlred to delemiine whelher there ia A materi8J misstatement in the flnanclal 8tatomgnts or a malorfal mlsslatemènt of the other Inlormatksn. If, based on the work we have performed, we eoncludè Ihat ther6 Is a malarial mlsslalemènt of th18 olh8r Informalltsn, 4ve alg rew1￿1 to report Ihal fact. Wè have nothlng lo report In Ihls I8gard. Oplnlon8 on other mall8r8 pro8crlbed by ihg Companlog A¢t 2006 In our oplnlon, based on the und&rtaken In Iho course of tho audit: the Informatlon giv￿ in lh8 Slrateglc Report and th8 Rèport of the Tntstees lor the flnanclal year lor whlch I lIna￿la1 slal8m9nts ore prepE4rèd Is conslslgllt with Ihè linanclal slatements; and the Slraleglc Repori and the Report of the Tnislees have boen prepargd in acoordanoe with applicable legal iequiiements.

Independent Audltor's Report to the Trustees and Members ot Bristol, Cllfton and West of England Zoological Society Llmlted (continued) Mailers on whlch wo arè req￿red lo report by exception In tho lI￿t of the knL)wl6dge and ur￿erstan(lTrg of the charftablo wup and the parent oharitable company and its envlronmonl oblakn8d In Ihe courso of th8 a￿￿11, we have not Idgntilied matorfal mis$lat¢menls In th6 slrat8glc report or the report of tho Trustee8. Wfy havg ￿1hIng lo report in re6pect of Ihe lollowlng matter8 where th& Companles Act 2006 and the Charities Act 2011 raqulras us lo report to you rf, In our oplnlon: adequate and sufllclonl accounliw records have nol beBn kopi, or retums E4(kquale for our audll have nol been Yecelved from branches not visited by us: or Ihe Ilnanclal statemenls aro rK)t In agieemont with Ihe accountlry rgcords and returns., or certain di8c105Lues of Truslees, ramunerallon s￿ClI10d by law are nol made,, or we have not receivod all tho informallm and explanatlons we requlie for our audil. R8#pon$lblllllB8 of Truitegs As explained more fully In Ihe Trustees, re8pon$lblllll88 Statemenl sel out on page 17, Ihe Truslees are re8ponsltJe lor Ihe preparalion of th& flnanchal statemenls a￿1 lor being satlGlied Ihat they glvg a Iwue and lair view, and lor such Intemal Control as tho TIu8lees deleimlna Is necessary lo enable Ihg proparation of linanGial 6tatemenls thal ale fre& from malerlal m1s6taloment, whether the lo Iraud or errol. In pfyparlng the flnanclal 8tatem6nts, thg Trugtees arè responslble for &ss6ssing the ¢harllablo Coffpantys ablllty lo conllnue a$ a golng concern, di8closNw, a8 owlicable, matters Trlated to golng conoom and u£lng the golng cancern basls ol accountlng unle65 th8 Trustees elther intend lo lIq￿d￿te Iho charflable company or to cease opewations, or hav8 no realislic allemalivè but to do so. Audltor'8 re8PDnslbllltles for Ihe autht of the flnAnclal 8lalemnt$ Our objective8 are lo obtaln ￿nable assuranc8 about whetlier the IlnanL4al slalom@nls as a whole are Ireo from matgrlal mlsslatement, whether duo lo fraud or gyror, and lo issue an audllor's Yeport that Includes our oplnlon, Rea80nablg Bssurance18 a hlgh levol of assuran¢e, but18 nol a guarantee that an audit (x)n(kKted ID aceordan¢e with ISA8 {UK} wlll always delecl a mateiial misslatemenl when11 exlsls, Mis8tatement8 can ari8e Irom fraud or 9rror aFMI Vlre c￿sIdered materlal 11, Individually or In the aggwate, t￿Y coukl reasonably bg expected to Inlluonc& IF ecoN)mic dacislons of u88rs laken on tha ba8ls of thesè flnandal 8tatement8. Ir￿g￿all110s, IncludlrwJ fiaud, are Insta￿eS ol Th)n-compllan¢e wilh lay￿ and ffjgulatlons. Wo d6ukJn procedures In Ilno wlth our r08pon8bikntie¥, outllned abov￿ to dgteot malBrl&l mis8tatomonts In rèspect of liregulariti84 Including fraud. Tho 8Xtenl lo which our pro¢edur88 are capatle ol detecling I￿e￿larItIes. I￿lUdIng fraud 18 d@laWed below: Explanation as to what exieni the audlt wa8 con¥ldèred ¢apAblo of detecllng Irrogularltles, Includlng fiaud The obi8clive6 01 our audt in resp￿ ol fraud, are: to identity and assess the rl8k8 of malerlal mi881alement ol Ihg lknanclal Statements due to Iraud. lo obtain 6ufluent approprfate audlt evidence rogardlng the assess￿ rf8ks of materfal mlsstatemenl dug to fraud, lh￿Ugh deslgnlng and knplamntlng apprwriats responses lo Iho8e assessed rf8ks', and lo respond approprlatety lo Instances ol fraud or su6P8cl8d liaud idenlifled durirvJ the au(It. How6v8r. th8 prlmary reSpot￿bIlIty for Ih8 PTev8nlion and detecllon of fraud re818 With both managemenl and those charged with g0vemal￿a ol Iho chayltable company. Our approach was as lolk)w&' We rtstalned an understanding of the legal and regulatory r8qulrem8n18 8Fvlkable to the charllable company and consldered Ihat the most 8ignlfficanl are Ihe Companles Act 2(KJ6, UK financial reportlng slandarth as Issu￿￿ by the Flnanclal Reporting Councll, and the Charitles Act 2011. We obtained an undarstandlng ol how the charltable company Compl1￿ with Ihese requirements by d18CU88lons wllh rnanagement and Iho88 Ghargod with governancg. We &9sessed tha rlsk of matèrlal mts8lat6mont ol the 1knw￿laI stat8menls, including the ri8k of materlal mwlalemeirt due to fraud And how It mighl OCCUI, by holdlng di&euÉ8lons wlth managoment and those wlth govemance, We inquired ol management and those ¢haYged with govemance as lo any known kn18tance8 ol non￿OmplIanc9 or 8U8pected nOn-¢omk￿l8nCe with laws and regulations. Ba8ed on Ihl8 underntanding. w9 deslgned 8Fecilic approprlate audll pYo¢edures lo tyJ6rt11y Insta￿￿$ ol non- compiianco with laws and regulatlons. Ihis Includod makiro enqulrles of management and tho88 Charged wlih govamaN￿ oblalnlng addillonal corroborallve evldence as requlred. As part ol an audil in accordartt wllh ISAS (UK), we exerclso professional Sudgemgnl and malntaln prolesslonal 8¢epliclsm throughout Ihe audt. We a180'. Idonllly and a68e88 the ri8k8 of material misglatemenl of tho lInar￿la1 statemonts, wh￿her due to fraud or erioi. deslgn and porforrn audit procedures responsive lo thc6e ri8k8, and obtain audlt evldence Ihat18 sulllc18nl and approprfate lo provide a bas16 lor our upinion. Th6 ttsk ol not delectkng a mat&rlal mls$tat6menl r8sultlng from fraud 1$ hlgher than lor one re8uning from error, as fRud may involve colluslon, forgery, htèntlonal omlsslons, mi8representation8, or the over¥ide ol Inlemal oonlrd. Obtaln an undwslandlng of inlemal oontrol relevant to the audit in order to de8ign audlt proceduros tlial are 16

Independent Audltor's Report to the Trustees and Members of Bristol, Clifton and West of England Zoological Society Limited (contlnued) approprlale In tho clr¢umstanoos, but not for thg purposgs of expressiw an opinion on Ihg eflectiVL4ness ol I ¢JhaYltable company's Inlemal control. Evaluale the apprOpriat￿e$S ol aecounllng policies usod and Ihe roasonabbne88 of accounting o$tlmal98 and related disclo8wes.made by Ihe TYu8lee8, Conclud8 on thg appropilatenes8 of Ihe Tru81ee8' use of the golng concein bas18 ol accountlng and, based on the audll evidence obtained, whelhor a materlal uncertalnty &xlsts r8lat8d to even16 or condi11￿9 Ihat may oasl Slgnlficant doubt on the charitable coMp￿Y'S abilily lo conlinug 88 a going cortern.11 we concluda thal a maleylal ncertainty exi815, we ar& rewir8d to draw allontlon in our auditor's ieport to the relat￿1 d18closuYes In Ihe Ilnanclal 8taterrrtnts or, If 8uch dls¢losuYe8 are knadequate, ID modfy our opinion, Our conclusKJns are based on th& au(11 evide￿ obtained up to Ihe dale ol our audltorfs reporf. However, future evenls or¢ondilion8 may cause the chaillable company to oeasg lo continue a8 a going cor￿In. Evalua18 tha oveiall pro8entAtion, SIr￿tUre and content of the flnancial ststemenls, kncluding ihe disclosure8. and whetherthe flnanGlal slalements rgpre8Ont Ihe urKleAying Iran￿￿￿onS aThJ in a manner Ihal achieves fair presentatlon. Wo communlcalo wllh those charged wlth govemance règardlng, among othgr matler8, the planned scope and timing of the audil and siwlllcanl au(11 findlngs, Including any signih'cant d8ficlenci05 in Inl6rnal control that we idenilly durfng our audlt. A lurther de8¢riptlon ol oui re8ponsibilitify$ lor the audll ol Ihe linancial 8lalemenl8 18 looated on the Flnancial Raporting Counclls webslle al., ww.Irc.org.ukloucltorsr6sponslbllities, This descriplion forms part of our auditor's roport. Uso of <)ur report Thls raport Is made solgly lo the charllgblg company's mgM￿r6, a$ a body, In accordar￿e wilh Chaplor 3 01 Parl 18 of thg Companies Act 2006 and to the ¢harSly's Trustees. as a body, In a¢¢ordancg wlth Chaptèy 3 of Part 8 01 the Chari1168 Act 2011 and rogulatlons made undgr secllon 154 of that ACL Our audit work has been undertaken $0 that W8 mlghl 8tale lo Ihe charitable company's membgrs and Ihg charlI￿S Tru81og6 those Matte￿ we are requSred lo slalo to Ihom In an audslor's report and lor no other purpose. To lh8 lullesl exlent permilled by law, we do not ac¢opl or a88ume responsibility to anyone other than th& char51abk4 company, Iho charllablg compan￿8 momb8ts as a body. and its TrusleeB a8 & body, for our audit work, for Ihls r6POrt, or for Ihe opinions WB have lonmod. Math Powell, ￿n￿r81&lU1ory Athlltor and on bghall d Sumèr Audltco Llnlted Lennox Hous8 3 Plorreponl Str88t Bath BAI 1LB Sumer Audtco 1$ ellglble to act as an auditor in ténnB of SBCtion 1212 01 the Companle8 Acl 20( 17

Brlstol. Clifton and West of England Zoological Society Limited Consolidated statement ot f inancial activities (including the ¢onsolldaled income and expendlture account) For the year ended 31 December 2024 Unroslflclod Re61rfcted Total 2024 e'ooo Notè £'ooo In¢omg: tknnatlons & lègad98 In¢omo from charllable actl¥lll¢8: 219 222 219 Brfslol ZOD Gardons Brlsiol Zoo Pr￿￿1 Ilradlngl Brf81ol Zoo Igranl8) Consorvallon & iegepnh prolecl¥ Incorno Irom ttommarclal Ira(Ing operpAUon8 Investmonl 2(a) 21b) 21bl 21cl 31bl 1,071 1,030 3,787 632 17 336 353 779 10 40 40 Tolol Income 8B1 Expendlture Expondluro on ra18kn9 lunds.. Fundral¥hvJ C(thmerdal Iradlng operallon Inv&slm6nl m emnt costs 873 373 495 340 301 18 18 27 731 731 Exp¢ndlture on ¢hBrfiable &ll￿18S.. Bvlstol Zoo Gur(lo)5 2,168 2.1fj8 2.847 8rl8trI Zoo Pro19¢1 Can80ryauC￿ & res8&rch 5,054 811 5,957 5.542 Totsl èndlturo 537 Net lexpwdlureylnc(￿fj bolore Invè81Ment {k)sB8$llg￿nY 344 {2,2641 P,510) Excoptlunal expeNlturo: ¢10gurn c081• Net (exponthluroylnGoma b&loM Investmort Iow9 olns: underl In (601 844 242 Nèt 9aln41108Se8) on a88ei dlsposals Not insl Ios86S on hwèstnianls 194 194 9.467 10 N•l1oxpgndllurè)nn¢ome lor th¥ yèar 12,4141 344 12,0701 6,931 Trnnsf#B bOlw8￿ fund8 2,OD1 (2.0011 Other r#cogn18ed Jaln61(h)soe81'. Aotuaylal (k>ss88)I￿knS on daflrwj bgnalth p8n&lon Sch￿8 19 195 195 196 Net mov&n¢nt In lunds Total lund8 brcKJ hl loward Totsl luhdi earrfod lovward 18

Bristol, Clifton and West of England Zoological Soclety l.-imited Balance vheet% at,31 December 2024 F4Lgislei'L(l Lr)I'iiiJ&ris1 nijrftbpi. b1 ￿)￿1"(6 Group 2024 £'ODQ Soclttly 2024 £'ODO N<)lè 2023 E'OOO 2023 E'OOO Flxed a88et$ Tanglble ass81s Inveglmenls 46,381 41,813 46,a81 41,813 io 767 767 767 7C77 Inv6slmonl in subsidiary company A￿rnalS Total Ilxod asset8 42..580 Curient asset$ Sl4cks 31 g3 Dobtor$ l&lllno due wilhln one year Casli al hank ond In h8nd 12 399 2,097 2.095 2,520 1,241 2.4.58 Total ¢UTr$il awty 1,756 4,640 1,6J7 Cr(sdllor8.' omount8 lalllng due villhln onoieaf 13 L5.461l L3,8541 3.051 2,861 Total ossels le85 eurYoTr1 Ilablllti¢¥ 43,561 45.631 45,441 Gr&dltora'. amouiils I￿Ing due aller moirA11)aA one Nèi assots exclvding pèiigl¢)n asbel Dgfiiied bei)É*fil nslon assol 43,561 45.631 d5,441 175 175 370 Not a$so1s In¢lu¢tln enslon A$sg1 43.73fj 46,001 Funds: Share caplt21 unrè￿11¢1￿d Incomg fvnd¥ 15 D8slgnaled l￿d8 las8èts Olhgi vnt8strlcl8d Funds 16 43,Q45 42.ts81 43,045 42.581 16 241 1,118 Tol81 unrestrltsled lyhd6 before p¢n$lon og$el Pgnsion reserve 43,266 43,699 13,019 43,509 19 175 370 175 370 Total unre&trlcled funds aft8Ypenslon agsel R8strlcled funds 43.879 275 1.932 275 1.932 Totsl charSly lunds ie 46,OD1 48.469 45,811 The Soclety has taken 8x8inpiion from presenlino its indivirlual profit and loss accounl under seclion 408 of the Companles Acl 21x16. The amount ol the nel exp&ndilur@ lor the year deall wllh In the So¢l8V5 gnlity-only linancial slatomonls is £2,532,00012023'. nel incoine £6,528,lY)01. The linaricial slalen)ents we.ie 8wJrov8d a￿1 aulhoiised loy issue by the Board ol TYus1908 on S SEPTI 2025 and signed on its behall by., David Esam Andrew Martyn.Johns Tho nolos on pagDs 2010 42 form part ol the linancial slaler()onls. 19

Bristol, Clifton and West of England Zoological Soclety Limited Consolidated cash flow statement For the year ended 31 December 2024 2024 e'ooo 2023 £'ooo Note Net ¢agh gneialed uJ•d In eratl 20 22fj 4.888 Cagh Ilowfrom Invogllng actl¥llleB: PU￿￿98￿ 01 property, Flgnl and equW9nl p￿88￿6 Irom 8Ale of Inve8tm9nts (6,3961 {2,10ei 1,313 10,4 Prwaodg Ir￿n sale ol Ilxod a888tB Intgrg51 RacglvÈd Nol ¢ash Jb$orfJod eneijted Invè8tln 4¢tSvitlo8 C•sh Ilow Irom Ilnan¢lny a¢llvlt1￿. FknIyrn8nts of bormwlny ProGeeds ITOM naw bDrrowln {2.6571 Not cash used I en¢rnled IJ IIAan¢ln actlvltlo6 Nel I￿￿Tcase) I IrKrgas& In ca¥h and cash equlval¢nls In Iha year Cash and Qagh È ulva19nts al the bo Innln gf Ihe (1,188 2,170 350 Total c88h ca9h uIvAlents at the •nd of thè 21 Cash ca¥h equlvalunts condyt ol: £,1￿ roth) Cash al bank gnd In hand 2.520 Nol cash The no108 ffl pages 20 10 42 f￿rn port cl U)8 Ilnanclal otatwnents. 20

Bristol, Clifton and West of England Zoological Society Limited Notes to the flnancial statements For the year ended 31 December 2024 The Soclely is a company limited by thare8. Thè company regislre41ion number 18 5154176 and11 Is reglglered as a ¢harlty In EnglaThJ & Wal?s, ¢harlty number 1104986. Amounls in¢lude In Ihe flnandal 8lalemonts ats rounded ID Ihe naarest wholg pound. Princlpal accountlng policies Thè finaThSal slatemenls have boen prepar8d In accordance with Accounting and Reportlng by Chaii1188: Stalemenl ol Recommended Pracliue appI￿able to ohariti&s prepaiing their Ilnancial slalemonls in accordance with the Financlal Reporting Slandard applNble In lh& UK and Agpubliu ol Irela￿1 {FRS 1021 (eflocllve 1 January 20191 . Icharltles SORP {FRS 1021), Ihè Fina￿141 Reporting Slandord aFplicable in the UK and Rgpublic of Irèland IFRS 102} and the Companles Acl 2006. The Soclety meets Ihe dellnitlon c4 a publ1¢ benellt entity undor FFIS 102. Asse18 and liab￿lIses aro Inillally ￿￿1$ed al hlslorical cosl oi liansacllon value unless oth&rwS$9 Stated In rolovanl accountlng polKy not6($). Ba818 of ¢onsolldatlon Th8 C￿s011d81Bd slatemenl of flnanclal actlvllles, thg consol•Jaled balance sheet and the cor£olldaled cash flow statemonl Include th& linarKlal statem8nt8 of the Society and ils subsidiary undertakin98 madg up to 31 D8c8mb8r 2024, usiry the a¢quisltlon rnothod of acoountlng. Uniform accounling policie5 are applled throughout Ihe group. Inlra group Iransaclion¥ and profil8 aro oliminaled lully on consolidalion. The Socioly'$ share of Ihe nel Ir￿QMe, arid its share ol tho nel a&8èb, of Natural History Consortium {ol wNch Ihe So¢ioty is 8 one-third m&mberl have nol be8n Includ6d s Ihoy do not hav6 a matetfial effect on the Ilnanclal statements ol the Soclety. Preparallon ol the ao¢ount8 on a golng tron¢8m bas1$. At thè balancè yhè81 dale, tho group ha8 Dal curronl Ilabilities of £3.587k {2023'. n81 ¢urtsnt a8Sèts 01 £3,051k) and nel a888t6 01 £43.736k (2023,. £46,001k). Included In curr&nt1Sabllllles IS £2.7SOk {2023', £nll) ol bank loans wllh HSBC, Tho faclllly does not expire untll June 2￿26 bul due to 8 bTrach of th8 EBITDA Covenant at the balance shael dato the fadlSly efleclivety bgcome8 repayablg on d￿m￿￿1. Thi8 breach was 8ub&equ8nlly waived p081 year e￿1, All other ¢ovenanl8 w8r8 mèt. The Group'8 strategy includes Ihe 8Ale of Brislol Zoo Gardon8 and olher proporti08, in or(kr to help fund the dev8lopmenl of Ihe new Brlslol Zoo Proiecl and Its INestmonl In ¢onsoNation a¢tlvllles. In Addlllon, long lem) fur￿1 has boen agyeed w#h HSBC Bank plc c(Mprlslng a £15m revolvhg cradlt IAc41ty and a £O.Sm t)verdralt. Whlst oonlracts have b86n 8xd)angod forthè salo ol Brlslol Zoo Gardens, du8 to an ongolng ludlolal revlew, tho Gmup are yel to complete Iho 8a18 aTrJ iecelvg Ihg sale proce*. At the tlme of $¥Jnlng th& accounts there 1$ not an agroed sal8 completk)n dale. Onc& cornpl&tion occurs, thB proceeds wlll bo 8uffld9nl lo ￿dUCe boirowing aml Gontlnue the development ot Biistol Zoo Proiect, The rnvolving credil I￿￿11ty Is wfficienl lo me8t the current borrowing needs lo deliver Ihefir8t phase of th& dbv81opm8nt of Brtstol Zoo Prolect bul ha8 an end dats of 30th June 2026. The Trustees are conlidBnt of npgoliating an 8xletVdk>n lo Ihe exisling facility or a new credil faclllty, but In doiro 80 will inour laclllly feos Ihal may nol be requlred eh0￿(1 Ihè gale ol BNslol Zoo GaYdon6 complelo prlor lo the 30th Juno 2028. In order lo prevent unnecgs¥ary ey4)endllure, Ihe Tri￿leGS havè debayed tho concluston ol th860 negotiallons wllh HSBC unlll Ihaie Is more darlly relaJng to the Judloial rovlew Ond any potentlal appoal to Ihg outcome. In tho absence ol a fomial olf81 lo èxlend Ihe 8xlsllng credil facllty, the group Is dependént upon th6 compl8tlon of Ihe sale of Brlstol Zoo G8rdens In ord81 lo r6pay the r6volvlng credli laclllty, Tho Trustees I￿gnIs9 Ihal Ihis, 8long8ldo Ihe unknown completlon date of Ihe Sale ol Ihe Bristol Zoo Gawthns 8lte, constltut8s a malelial U￿ertaInlY. In preparing the accotsnt8, the Trus188817ave considèréd Ihe strong rélat1L￿sh1p with HSBC, aB evidenced by Ihe Walw￿l breach of the EBITDA covendnt, Iho hlgh Ilkellhood of conllnulng Ilnancial support, Ihts opening ol African Foresl w) 2(Y26 and Ihe S￿Iety's plans to enacl a sKJnlflcanl c06t Saving programm& In 2025126, They h&ve aLg0 token $p9¢i8li81 advioe In relallon lo Ihe sale of Brblol Zoo Gardens and are confident that the Sile will be sold. Ilst thp Trust9es r9cognl8e thg Current materlal uncertalnly, it18 Iheir view Ihal the Sooiety remaln8 a going concem and hav9 IherafoTr prèpared the aocounts on Ihls basls. Funelk>nal currency Tho SoG19ty's funcllonol and pr$8&ntatlon currency is Ihe pound slerllng 21

Bristol, Clifton and West of England Zoological Soclety Llmited Notes to the flnancial statements For the year ended 31 December 2024 Prlnclpal accounting policie8 (contlnued) Donatlon8 and tega¢Seg Donalions and legactes 8ro credlted to 18v8nue on a r6celvable ba818, For lega¢ie$, entillemenl18 taken 88 the earfior of the date on which elther: Ihe charlty Is aware Iha probate ha8 bopn granled, the estate has been flnallsed and nollflcatlon has been made by tho oxKutorl$) that a dstributlon thll be mada, or thn a dlslrlbution is received from the estale. Recel)l of a legw. In whole or In part, Is onty consklvrejd probable then ltr￿ amounl can be measured rellabty and the charity ha6 I￿eTr notified of Iha executor's intenlion lo mak& a di8tributlon. Where ￿ga¢10S hov? begn notllled to Ihg charlty, or the chwlty 1$ aware ol lh6 granliro of probale, ond Ihe cdteria lor inco1￿ ffjcognillon have iy)t b6￿ mel, then Ih&18gacy18 a tr8aled as a contingent asset and dlsc108ed il malerlal. G1ft8 In klnd ar8 valued at a re&80neJ)10 091imate 01 th91r valu& to Ihe Society. Vl8ltor relatsd Incom• Vlsltor rèlatod income repie9ents cash and Invo8d amounts of admlsslon charges, good5 sold and 8eNlce8 pfovlded and commis6i0n, slaled ngt of Value Added Tax, logeth6r wllh Gilt Aid in¢cmo, whero appllcable. The Incorne 59 recognised al date of re¢eh)t or ol thg vlsll. If later. Annual and cory)orate mombar8hlp Incom8 Annual and ¢oo)oralè m8mber8hip income 16 credi19d In the slal8mont ol financlal aclfvilies on a time basls. Where annual mgmbo18hl) comm8nce8 In mld-year Ihon an amount r8lallng to Ihe subsoquenl p¢rlcd is delerred wllNn arÈdllors as accruals and deferred Income, Grant8 recelvabla Incom8 from government and other granls, whethor'caFAtal' or'revenue,, 1$ W￿lSed when the chaiity has 6ntrtl8m6nt lo Iho lunds, any perfoymance condlllorts attached lo the grants have been mot, tt Is probable Ihat the income will be recelved Ihe amunt can b6 mèasur6d rfjliably and Is not doforrgd. Rontal Incomè Income from renl8d propBrtles18 r8cognl8ed In perlod In ￿1¢h r&nl 18 due. Tanglbl• Ilxed ag8eta, dopraclatlon and Impalrmènt Freehold land a￿1 builthngs were prevlously Kevalued every tfva yèars by a Sullaw qualffied kndepend￿ valuer. The la￿1 and buil(Ings at Clifton are Stated al thèir valuatlon as r8porled in the linoncial statements as at l January 2014. Land and bLMldlng6 al Iho Holknood TOW￿ E8lale aro stated at the valuatk)n cariièd 21 October Z4)14. 0￿1 a&8ets purch88ed 8ubsequent to Ihose dales. InCIL￿ing Ih0s8 underlhe ￿urse of construetlon, are Inctudgd al t1￿11 hi8toAcal purcha66 prke together th any Incldental expen8e8 of acqulslllon and irrecoverai49 VAT. The Soci81y lod( the advanlago of Ihg transNlonal arranpnents related to Ihe intro(knGdon ol FRS 102 In 201 S to treat tho motsl recent valuatims as deenN)d cost. AB80ts with 8 Cost below £f>OO are nol wilalsed. Afler Inltlal recognlllon, tsngiNe fixecl assots are measurad at C08t le88 aocwnulalwj dppreciallon and any ￿uMUlated Impalrment1083es. At e&oh reportlNd dale the So(xdy a8se6se8 whethor Ihere18 any Indlcation of hnpalmient. If 8uch In(Ic8tlon exi818, the recoveiabk amount of the asset Is dbtemilned to be th6 higher ol Its falr valu@18SS C08ts to s811 and118 value in use, An Impalnnent loss18 r6cogras8d whore the oarrylng amount exceeds Ihe r￿v￿rable amounL Depre¢iatlon is calculated so as to write off the cost or valuation of tang*Jl8 flx8d a88819, le88 their estlmaled resldual va￿68, over Iho expectéd usbtul economlc lives of the assets CO￿9rn8d. Thè prlncipal amual rale8 U88d for Ih pu￿0$0 are.. Freehold land and btAldlngs (anlmal house8) Cxher Ir6ehold land and buildlngs Leasehold land and bullding8 Planl and machinery Motor vthlclas 1.33 10-25 25 Inlere8t on long ierm loans laken out to Ilnance capllal expenditure on land ond bLAldlngs i& capllallsed up until the dale the assets are brol￿￿ Inlo u$0. Flxod as88t Invéslment8 Inveslmenls subsldlary UncJ8rta￿￿g$ are slaled at C081 bul arè wrftten down lo their realisablo value11 It Is corthered Ihat there has be8n a permanent ￿T￿nUtiOn in their vatue. Investment ploperties are staled at fair value. Those proprtl88 are not dBpieclaled. Invostments in govommenl securitles aThJ181ed companies havebeen vakjed at mark•tva1￿ Bl each yoar and. from invesiments18 included In Ihg yèar In whlchll Is re(8vable, 22

Brlstol, Cllfton and West of England Zoological Society Llmlted Notes to the financlal statements For the year ended 31 December 2024 PrinGipal accountlng pollcles (continued) Reali8ed and ￿real￿d golns and10&899 on investrn￿ pro￿rtIe8 and other Inve81ments ar8 comblngd In ts Consol￿￿ted slalemant of finan¢ial ac1fv6ties, Anlmals These asse16, whkh are not cp¥Able ol reali8tlo vglugtkon, ar8 nol sh)wn on the baknn¢& shegl, Puthas88 and Salos durlng the year aré treated a8 f&W8nue lian6aclS0 Stock$ Stucks are valued at th8 lo￿1 ol cost and estlmated rnt realisalje valua. Pyovbion Is made where necessary lor obsol61&, 81ow moving and d&fecllve stocks. Ca8h ol bnnk and In hand Cash at bank and Cash in hand includes cash and short temi hithly Ilquld Investments wilh a short maturty ol three monlhs 01 1988 Irom the date ol acqulsitian or op8ning ol the dep08il or similar account. expendllur8 All ￿￿n(￿t￿ra is accoirted foron an a¢eYuals ba8is and h&s beon ¢lassilied underhe&dlng5 Ihal aiJJr&gatg all costs r61aled to that calggory. Wh8r8 cosls cannot bè (fireclly atirlbuled lo part￿ular l)oadlngs Ilw have been allocat8d to acllvilie8 on a ba81s co￿￿15t8ntwlth us& ol Ihe Yesourc&s, Ov&theadB have been allooaledon an approprlate ba818 belweencosl catggorl8S, based on Stall number8 or shar8 of resour¢es, Expendlturp on rnislng lunds ExpBNlilur6 on ralsing lund$ rolates to thg costs ol runnlng and supporting lh8 Sc¢loty's Iradlng a¢liVI￿e$ and other 1undrals1r￿ PiDle¢ts, and investmenl manag&ment CO818. Cod8 of Qharltablo g¢tlvitieg Charltable a¢llvltles Inclu( (a) Ihe oporallon ol 8ri8101 Zoo Gardens (b) the operalion of Biislol Zoo Proloct. and Icl cons61vatlon and resaarch proiec18. Both the dlreol costs and 8UPPOrt C0818 of these actlvllleg are Includ8d. Grants payabl Gratls payabl8 are accounl8d lor in lull a$11th11118s ol th8 Soclaty when approved by tha TrusteBS and acceptsd by lh6 beneltclaries. Support CO8 Supwt costs comprbe Ihg (Irecl c08ts, indudlng staff, attiibutab16 to charitable acllvllles and an approprlats apportlonrnent of Indlrgct cos1& Govèm8noo Costs Govemanco costs i)clud& axpendllure on admknlstrallm of Ihe and compliancg with con5titullonal 81atuw reqU￿￿￿en￿ and an apwq)ha¢e 4>p¢yfjOnm￿rt of Indlrecl costs, Recognition ol Ilabllltles Llabllili8s are r￿c￿nised when an oblp3allon ar16es lo transler 8¢0noml¢ tnèfil$ as a result ol pa81 Iran6aclkns or events. Pen81on costs The Society oporates a deflned b8nefll penspjn sch￿8 whith closed lo new ￿mploYeeS In 2004 and ¢￿$•d ac¢wal In 2012, Thè asyels ol Iho s¢hem8 are held In trustee ac1mlnl8ler￿j fmds complet8ty I￿ependent ol Ihb s<￿18ty,S flnancg5. The Soc16ty mAk¢8 c¥nlthulion$ to thar any scheme deficit that aiisos over a period of lime agreed wlth th8 Sch6m6 TNst8es. The Society m8kgs conlrlixrtkjnB to d9fin8d conlrlbulion pen810n schemes orr belbg11 ol siaft, The &)5101 th88e contrfbutknn8 Is thargèd in th6 Ilnancial slatomenls as Inauir8d. Operatlng18a888 Rentals ap￿ICable lo operating lea888 ar8 charged as a cost against Ihè actlv5ty lor whlch the expendltura wa8 I￿Ul￿ed on a 6tralghl-lin8 basis over th& term of th¢ leaso. Irre¢overable VAT IrrecovoratAe VAT ottylbulable lo capSlal expe￿lI￿re Is capllalised as an addtk>n lo Iho asset In que8tlon. Irrecoverable VAT on revènuè expebhliture is allwaled under lh8 apP￿priate expenditure hoadings In the consolldaled sialemgnl ol financlal acllvllles. 23

Bristol, Clifton and West of England Zoologlcal Society Limited Notes to the financial statements For the year ended 31 December 2024 Principal accountlng pollcles (conllnued) Flhandal Ihslruments The Society only has flnanclal asBel8 and Ilnanclal Ilabilili85 of a klnd Ihat quallfy as bas￿ Ilnanclal inslwments. 8asl¢ flnanclal Instruments arè Inltlally recognised al transaction valu8 and 8ubsequ6ntly meaBuwed al their selllemenl valuo. Fund accountl Unreslricled lunds are lurKIg whknh oro avallabl8 for u88 at the discretlon of the TrusloeG In furtherance of the general objecllves of the charily, Deslgnated lunds ¢owyrlse unreslylcted funds that have been set askle by the Trustees for partKular purposes. The alm and use of èaoh de61gnaled fund K8 $61 out In tho noles to tho linanclal slalemonts. Restr￿ted funds ar¢ l￿dS whKh lo b& used In accordanco with speoilio feslrlctlorns Imposèd by dDrK)rs orwhlch hav8been thed bythe chariiylor paillcular purpos0& Th8costS DI raising &nd adDlnisterSng such fUr￿S ar8 charged againsl the sp￿ille lund. The aim gnd uso ol eath re8tricted fund is set out in the notes lo the linanclal stalemenls, Inve8lmenl Irwme and galns aro aloGated lo the approprlale fund. Slgnllloanl judgemonts Ind 08tlmate8 Preparadtsn of the flnanclal statém6nls require8 the Trustees to make slgnlll¢xnl ludg9m8nls and e81irnates. The Items In the flnanclal stalernents Trthere the8e judgments and e8tlmates have been made Include: Golng concgrn and the ability of the Soclety to continue lo trark glven tho cloBure of Brfislol Zoo Gard￿9 to vlsllors and the rgsullanl loss of vlBllor Income, and Inveslment in capital prolgcl8. Dgddlng on the expected usolul liv88 of langible fixrgd as601G, thelr falr valuo and valua in use. The Tru8loes con81dgr by aaoh fixed asset class the generally aooepted besl praolioè foi. Ihelgngth of expgcted useful IwoB and the Socigly's own experi8￿8 wli6n estaNl8hlng the expècted useful liv88. Sinco 2022, this hos taken inlo Corffjlderallon the decision to close Brislol Zoo Gardens. Thè waluallon of Investment properties, taking inlo a¢Gount exiemal valuatlon8, agreed sales values and co￿lI110n ol the pYopertie8. The ar4)orti¢)nment bas1$ lorlhe allocatlon of co8t8. The Truslee8considerthat ¢c¢tssh￿1d b8 allocaled lo dllerent group a¢llvltles on the malrn drlvei of costs lor that dopartment, for exanwle Btaff numbers, revellue or direcl c(>sts. Defin8d b8MIIt pensi￿ s¢hemo. Tho Socldy ha& an obligallon lo pay pension benofits to certaln &mployees. The cost ol these b6nollts and the pre88nt value of Ihe d)ligation dapond on a nurtier ul factors, Including: life expeclancy, salary In¢roa$es. asset Va￿allonS and the discomt rate on cotporate bon(Lg. Managbmant, wlth athce liom tho Sche￿ a¢tuary, osllrnate IF￿85 laclors In doleymlnlng ihe net penslon obllgallon in th8 balan¢e 8heet. The a5sunwtsons rnflect h18torfcal 6xp&rience and current Ironds. S66 not6 19 lor lh8 d18clogure8 relating to the deflnod benefli ponBlon scheme, 2a) 8risioI Zoo Gardens 2024 £'O(M) 2028 £'ooo Hlgher Educatk)n fees Other vel eon8ultan 1,04e 25 972 cgr arks 8tc. 58 1,030 2b) Br18101 Zoo Project 2024 r￿0 2028 £'ooo Gate receipts liic. Glll Ald} Memtersh¥) Income Ilno, Gift Ald) Grants received 8,462 822 2,971 782 1,600 54 Othey e(kKalion lees elo. 333 5,387 24

Brlstol, Clllton and West of England Zoologlcal Soclety Limited Notes to the financlal statements For the year ended 31 December 2024 2¢> Conservatlon and research prolects 2024 £'ooo 2023 £'ooo Granls recefved 334 849 Other 19 19 353 368 38> Inve8tment Incomè 2024 £'ooo 2028 £'ooo Intpie31 recelved 27 53 Renls and olher eil Income 13 14 40 67 3b) Commerdal trading operntlons 2024 £'o(xJ 2C)23 On-site ealerlng ab¥J retsll salés Conferer￿$ fadlltte$ 464 11 82 Events 74 47 Mlscallanaoug Income In)m ￿-Site activities 40 789 Subsldlary and a8soclated companies The Soclety owns 1(XN ol t￿ share capital of Bri8101 Zoo Enterprbes Llmhted (company numbei 017501671 wh￿h is incorporated in England aMI whloh oarrles out tyadlng athllleg rglaling to the Soolely. Thg cost of tho inveslment IS £3 and there 1$ no Impalrmonl provlslon. The 8oclely hold8 one Ihlrd of Iha menl)grshlp ol Nalulal History C(msortlum ('NHryI, a charlty eslobllshed to Improvo oommunicollon about the nalurnl world. Tho So¢16ty doès not in01￿1& Ils sharè of thè r8suli8 of Ihb charfty Iho group f￿aTh￿al 6ta18monts ol Ihe Sociaty becaus& the résults arè not mat@rial lo lh& So¢i8ty. Th8 ￿￿$1 recènt available unaudSted Ilnandal ststement8 ol NHC, lor the year anded 31 Decemb&r 2023 6how a net dellcll movomant in funds ol £12,81212022: surplus of £471 and total a88et8 of £59,73312022: £72,S45). The results of thè So¢16ty and Brlstol Zo) Enterptse8 LknSted Y4fo Set out overfeaf. togetsr wfth tho c<xnpan188' assets and liabilities. 25

Brlstol, Clifton and West of England Zoological Soclety Llrnited Notes to the flnancial statements For the year ended 31 December 2024 Subsldiary and associated Compan1￿ (contlnued) Con8011dallon adI￿lMentS 2024 £'oDo So¢lety 112E Ud 2023 2024 £'ooo £'ooo Total 2024 £,(￿0 Tolal 2023 £'ooo In¢omè 7,174 9.705 12,631) 675 {2121 212 7,637 7,859 10.169 Ex ndture Net Income b81oè Invealmenl 1086e8 aln8 267 (2,264) 12,510) Net lunds of the 8ub8i(fiary company., 2024 £'ooo 2023 £'ODO A93regate assots ie ate labllltle8 283 203 16 13 re fund$ 267 190 The Trustees believe Carryirsg value ol the Investment is SUMK)rted by its undorlylng nel assets. Expenditure Stslf costs £'ooo Other direcl cost8 £'ooo Support Costs £,￿0 Governance costs £'ooo 2024 £'o 2023 £'ooo E)We￿ilur9 on ralslng l￿dS., Fundralshg Commerclal tradlng InV￿ment mana 8ment ¢osls 247 126 373 2S7 340 301 18 18 27 TO1￿ ¢xpgndliuro on ralxlng fund8 350 881 731 Expenditure on charltablo a¢tivltle$: Biistol Ztrj Qardens 1,388 1,451 895 727 1168 5,957 2,647 5,542 1,167 Brf&tol Zoo Project ConseN4llon and r686arch ro 2,252 152 2.198 498 1,045 Total expendlture )n charftab a¢llvllle8 2,467 3,294 3,428 56 9,170 9,346 Tolal ex endllure 07 3,615 56 Included abovo In Brlstcl Zoo Gardens axpendilure 18 £22,000 (2023,. £50,000} relatlng lo Ihe èXC8Pllonal site c108ure Costs, 26

Bristol, Clifton and West of England Zoological Society Limlted Notes to the flnanclal statements For the year ended 31 December 2024 ExpendSture (contlnued) Prtor year comparatlve Slaff Other dlrecl C08tg costs £'ooo £'ooo Support Governance costs ¢081s £'ooo £'ooo 2023 E'OOO 2022 £'cM)o Exp8rKlllurè on ralslng fundF: Fundralslng Commercial Irading Invo8tment mana 6monl costs 348 147 495 247 234 301 1,301 37 27 27 Toial expendllure on ralslng lunds 415 408 823 1,813 Expendilure on charitablo activltles: Bristol Zoo Gardens 126 1,715 1,305 518 806 2,647 8,342 3,399 943 Bri8101 Zoo Pniect ConseN8tion and r98earch ro eels 1,874 110 2,308 529 55 5,542 1.107 Tolal expondllur8 on chafithblts actlvltlB¥ 110 3,538 3,643 55 9,346 12.684 Tolil ex ondlluré 3,946 3,643 56 Allooalion cl support C0515.' Staff co$ls Othèr costs £'DOO 2024 Slatt costs Other cosls £'ooo E'ooo £'ooo 2023 £'ooo Bristol Zoo Gardons 616 111 727 611 196 Brl81ol Zoo Project 1,042 1,156 2,198 1.122 1,186 2.808 conse￿at10n and research ro 414 84 414 116 629 2,072 1,361 2,147 1,496 Support ¢osl8 have been alk)¢al8d on lh6 bas￿ of Ihè numtr of gmploy888 engagad In charitable and knclude the costs of the fina￿ dgpartmenl, malnlonance, utllllles, admt86ions governa￿8 cos1$ a￿1 a woportlon of Irgcoverable VAT. 3,643 AlthalN)n ol governance costs: Stall costs Other cost9 2024 Slafl costs Othoy cos18 £'o( £'ooo £'OLK) 2023 £'o Bristol Zoo Gardens Brlslol Zoo Prolgct 50 56 48 55 50 48 55 Cost8 for nBZ are being capitallsed within Ihe cosl ol the prolecl {where approprlate lo do sol. Costs of Twst¢e govemanco are E50,000 (2023., £48,000) and co818 01 tha Senior leadershlp team to S￿pOrt Trustee dlscusslons are £6,00012023: £7,000). For clarifloallon Ihere are no paymènt8 made direclly to Twste9s and Ihey do not pe￿OnallY Ilnancialty b￿ellI frotn any of lh8 property IranBaclions bul the abov8 doo8 include £252 12023.. £1,030) of relmbursemont ol Titsslee expenses.

Bristol, Cllfton and West of England Zoologlcal Soclety Limlted Notes to the financial statements For the year ended 31 December 2024 Net Incomel<expenditure) 2024 2023 E'ODO £'ooo Nel laxpèndllurollhcome lof Ihe year Is slaied after charglngl(crgditing).' opérat1￿ bas8 paymenlB: Pl8nl, machinery and vehtdes Deprecialion and Inwaiimenl Tnjslee Indemnlly Insuranee Auditors, renx4rieratlun fur: Audll 8etViC88 ISocl8ty: £16,500 {2023: £16,10011 Olher $prvios- laxallon advlsory seNices Olhor setvtC88- taxation and other com liaTh￿ servSce$ 10 10 1375 80 1,280 22 19 Analysls of staff cost8 2024 Number 2023 Number The average monthly head counl wa8 141 stalf12023: 147 ytalfl. The 8verage monthly numb8r ot lull lime equNalent employees durlng iho y&ar was: Generall￿ vol￿tary inc¢)me Bristol Zoo GardeTh8 13 15 Brf8tol Zoo Pro1￿1 CommeroiBI tradlng Conse￿all￿ & r896arch wolects Su ort 91 81 12 12 11 136 2024 2023 Staff costs £'ooo Wages and salaries SrKlal 88curlly cos1$ Contribuliorts lo dellned contribulion pwlon schernp {oe& not8 191 Death-InwNi¢e benelils and ensions lo lorffor slafl 4,457 412 4,210 422 142 141 18 14 £120,512 01 the above slall ¢06ls hgve been capilallsod In Iho ypar (2023,. £108.7351. Inoluded in the wagès and salarfes co81 In 2024 wa8 £19,798 whith represented redundancy costs {2023: .£4,020).

Bristol, Cllfton and West of England Zoologlcal Soclety Llmlted Notes to the financlal statements For the year ended 31 December 2024 Analysis of staff costs (¢ontlnued) numbar of empbyg9$ whosa anNal emoluments 8xceeded £60.OClJ was.. 2024 Number 2023 NumbBr £60.OD1- £70,000 £70,001- 280,000 280,001- £90,000 £100,001- £110,000 £130,001- £140,000 The emobjmenls incluth salari68 sacrlllGod u￿18r thè 8V410ry exchange arrangémonl in place for 811 stall since May 2023. ConlrfbulKins of £29,131 12023., £37.7651 in respecl of higher paid employee5 wore paid lo dellned Con1r￿)ull0n pension schomes. EmoliimÈnts roflectlhe lolal knourred In Ihp year. In 2023 Ihree Exe¢utive Board members exiled and two joined the Soclthy and Ilierelore the emrJlumont8 cal¢ulE4led reNect811i8 costs Incurred only in the mnlhs of omployment. There hav¢ Lwn no ohangos lo Ihè Exgttulive Board in 2024 a￿1 Ihesè galari08 the￿for6 rdl&l a lull year. No Trust88 ￿e1Ved any rgmunerallon Irom the S￿lety durfng th8 y&ar (2023., £nll). £252 was r8lmbursed to Trustse8 loi oul of pook81 expenses relaling lo Iravgl and accommodallon to allend meeling$12023', £1,030). No exponses woro paid for or on b8hall of TYust8es1202&. £wMI). No Trusle8 ieceivod payment lor professional or other seNlces suppli8d to th8 Society {2023'. £nil). The Board ol Trusle98, who are the Societ518 direolor8, and Ihe Spnior Managemei)l Tèam comprise the key MAna￿m￿nI porsonnel of Soclely (see pages 11 and 12}. The total ol employee beneflts ¢f key managemonl personnel was £5n,27712023: £5&8,600). The Soclely pays Ihg premlum8 on behalf ol tha Trusteas In r6SPeCt ol Directors and Ofllcer8 Srnsuranc8. The premium pald In 2024 was £29,67012023: £31,231). Pensbn contilbullork8 Outstandlng at thè year.&nd w8rg £nll (2023: ￿8,056). Taxation The paient company Is a reglstsred chaW, and ag s￿h Is entltsd lo Cortaln lax exemoion6 C￿ Income and wof#$ tro inve81menls, and SUiFluses on aw iiadlng activilles Garrd on In lurth6ran¢e ol the Charl￿ primary obctives, If Ihos8 prolit8 and $uWuse$ are appli8d solely lortharllabl8 PUryJ0898.

Bristol, Clifton and West of England Zoological Society Limlted Notes to the flnancial statements For the year ended 31 December 2024 Flx6d asset8 Freehold Leasehold l)P9rational Opgfallonal land & land & bulldings bulldlnL £,￿0 £'ooo Assets Molor undar vehicles ¢onstrtKtlon £'ooo £'ooo Planl & machinery £'oc Group & Soolely Tolal £'ooo Coot or Valuallon At1 January 2024 Addltlo 44,423 36 121 3,584 72 5,788 53,9118 5,B43 5,657 15001 Tran$lar Ir(¥n AUC 33 467 Dis osa18 121 165 At 31 De¢omber 2024 4.016 Accumulated deprn¢latlon and Impalrnient Al 1 January 2024 Charye in year Impal¥menl Dis 8,980 1,113 121 3,025 49 12,175 1,27S 148 14 121 165 286 At 31 Docember 2024 10,093 83 Not Ix>ok value At 31 Decemb￿ 2024 29 Al 31 December 2023 35M43 559 41,818 Some Of￿ propgrties haVebe￿ used 8eourfty lorlxnk bans and OlheraThngeM￿. tho dBtalls ol 44thlch wgprovidgd in notes 13 an(124. Thg land ￿ LwilLlngs valued al lh8 dale of transhlon to FRS 102 u$iro the deemed cost exem￿lOn was as f￿10￿. 201B £'ooo and Socigt Hlstorical eost ￿uNalent Revalualh)n 3,953 N81 book value

Brlstol, Cllfton and West of England Zoologlcal Society Llmlted Notes to the flnancial statements For the year ended 31 December 2024 10 Invastments Held a8 lixgd a8¥et investment Investment Propertie8 £'ooo aroup ond So¢lety Tol41 £'ooo COBI OT valualion at 1 January 2024 Addltions 767 767 Nèt book value: At 31 December 2024 767 767 Al 31 D&ember 2023 767 767 Investmwl prope￿05 uro staled at lalr value as at 31 December 2024. based on a revlow by Trusloes and ccthmed by Intemal ra￿eW to have no s•Jnilicanl changa sln¢g last valued. Thes8 properti88 ar8 the subl8ol of tl¥81 and second charges. d9talls of whbh arg Includ8d in not8s 13 and 24. Thè Socioty owns Ihree shares of £1 oach in 11$ wholly owned tradlThJ SLtsidiary Bristol Zoo Ent8rprls9s Lld whlch Is InCO￿orated in the United Kingdom. These are the only shawes alloll6d, called up and fully pald. Stocks Group Soclety 2024 È'ooo 2023 £'ooo 2024 £'ooo 2023 £'ooo Animals foodslulfs, claanlng materlals. Goods for rèsato 31 23 31 23 The ￿ffe￿rA purthaso pric8 of stock8 and th8lr replac8m8nt value 18 not materlal. 31

Bristol, Cllfton and West of England Zoological Soclety Llmited Notes to the flnanclal statemenls For the year ended 31 December 2024 12 Debiors: amounts falllng due wlthin one year Group 2024 So¢lety 2024 £'ODO 2023 2023 £'ooo Amounls lallln9 due wlthln one year Trade debtorg 71 318 52 316 Olher debtors 168 107 157 107 Amunls owed by group undertaklng Pr•paym6nl$ Aeerued I￿oMe 157 172 157 172 393 3B6 13 Cyedltors: amounls falllng due wlthln one year Group 2024 £'ooo s￿l81Y 2024 £'o 2023 £'ooo 2023 vooo Bank loan 3,750 230 3,750 222 Trade cr8dilors 630 623 Amounts owed lo group undortathg Taxatton and 80eial securlly other credltors 134 115 238 114 288 28 Acoruals & deferred Incom& 1,240 1,232 679 Aoorual for unlssuwj share co 1.589 461 The d8tall8 of thg bank kjans wllh HSBC Bank pb at tha year end ar@ as foliows: R6volving credit la¢ilily loan of £3.75m (21)23: £nlll d¥awn down al the year end. Thls fao1ity Is In place untll June 2026 arKI comprf88sof a £16m revomng ￿￿5t1t￿lIty. Drawn down balance8 on the ravdthu oBditfadllty aTrcharyl intorest at 2.5% above Ihe Bath of ENjIa￿ ba8e rat6 and 1% interest on undrnwn baknces, The balance has bpgn pre89Trt￿ as acurrent liablity as, underlhetemBoflho facility, w8 IHve agreed 8cov&)8nt brtach aG al al￿ Decenknr 2024 with HSBC whilst we cmflm Iho tlmlng ot the ¢fJWellon ol the 3ole of Bri8tol Zoo Gaidèr& Th1$ breath has been ￿b$equentty W￿ved, All of lh8 b￿k bans are 8￿ured agalnsl the Socloty's land qnd bulktlng8 in Clffton a￿j at Hollywcod T0￿r E8tale.

Bristol, Clifton and West of England Zoologlcal Soclety Limited Note8 to the flnancial statements For the year ended 31 December 2024 13 Cr6dltor8: amouns falling due wllhin one year (continued) Deferred Income lor the Grtjup and Soolgly r6lalè8 mainly to annval and ¢orporate membership in¢oma, and unrede&mgd admlsslDn I￿kél sal68. The movements In dolerred Income Included wllhln credllors., amounts falllng duo wllhln one ye&r qr9 analysed bgbw. Group 2024 £'ooo Soclety 2024 È'ooo 2023 £'ooo 2022 £'ooo Deferred incomo at1 January Amount released Irom prevhJu8 periods InccThn reBOu￿￿$ deferred in Ihe 364 388 388 [phone]> 384 (360) 543 (388) Deferred Incomé at 310ecemb8r 547 364 547 364 14 Credltors: amounts lalllng due after more than one year Group and Soclety 2024 £'ooo 2023 £'ooo Bank loans repayable in Instalmants wllhln onè lo two years Bank loans repayable in Insla1monts wlthln Iwo to f￿8 years Bonk loan rg able In I￿$talMentS after more than live ear8 Tho above loans qualify as bas5c Ilnanclol inst¥Mient8. The total loans amount to £8.75m {2023: £nS1). 15 Share capital 2028 Authotsed- value £350 Allotted, ca116d up and fully pakl 8hares 01 £1 - valua £275 £275 . nun*@r 275 275

Bristol, Clifton and we.st of England Zoological Society Llmlted Notes to the financial statements For the year ended 31 December 2024 16 Unrestrlcled lunds Group current year Translar8, asset galnEI(lOs￿&) pension swplus rooo Balan¢e 1 January 21Y24 000 Balanc• 31 Dgcembov 2024 000 Inconlng resources £￿00 Resources expendad E'OOO D6ts1gnate¢l funds Fixed asset re88W8 Brl810l Zoo Prol8ct bulkl reserve Inveslm8nt prtyerty reseivè ConsBNalion prolocl lund Alrlcan Foiesl fund Total de&lgnatod fund9 pe￿￿10n reserve 29.614 1 a200 787 11,275) 5,693 (4,100) 8,100 767 IS3 133 13 13 42,581 370 11275) 1,739 {105) 43W5 175 Other unrestl￿ed funds Total unrastrlolad lund8 1,118 44,069 6,756 6,756 18,089) {9,364) 241 43,461 The des1￿￿ted lundg ￿nSIst ol Ihe foifowlng funcb: The flxed assel reserve has be8n establlshed lo ewale lo th8 not l)ook valu8 of the Group langible Ilxed assets, nel ol loan f￿dIng and restrkted lundlng. The mov8m6nl In Ihe lund rdlacts tha changos li Ihe net book vthes of tho assets and Ch￿e$ in loan and lolbwlng tha salo of inve8tmgnt assets Ihe Tru8teeE hove started th8 desI￿allon ( funds from Ihe Ilxed asset reseNe to Iha Brlstol Zoo Prolect bulld re8eNQ. Thp Inv8stnwnt proptsrty re8ery6 has been establi5h&d to equale lo th8 net book value ol the Grou￿$ Inveslmont pr(perti88, as these are not easlly reglbablè. Tha movem&rt In the fund refflects any changes In the net both values of thg a$sts. GonseNation pro5￿ Is the 8()txety undemrlllng or lundng con8avalim projects totallitvJ £133k Alrlcan Foresl lund ralales tomonl65 recelved throu*) our¢x)nseNallon Mlle(Alveprogramme lo lwd IheAlriGan Fore8t hablat al £6k per year tlll 2027 Income from kweslmenls Is alooatod to other unrestriote(I lurKIs. Society current year Transf8f8, Inv8stm&nt galnsll103Sg81 P8nsloN surplus fooo Ba￿nCe 1 January 2024 Balanco 81 De¢¢mber 2024 t'ofy) R880U expend6d r(xJo r88Duroo9 De8lgnaled fund8 Flxed ass8t re601ve Brl3tol Zoo Prolecl bulkl reserye Inveslm8nt propÈty r68erve Con8eryation proiecl lund Afrlcan Forest rund Total daBlgnatod lundÈ Penslon feseNe Other unrestfkt¢d lunds Tolal.un¢Bstrlcled fundg 29,614 12,200 787 11,276) 6,693 I4,1￿) 34,032 100 761 1&3 133 18 13 42,581 370 (1,27S) 1.739 1195) 646 17$ 928 6.081 {7,6811 {8,956} (26 44194 I3￿78 l190

Bristol, Clifton and West of England Zoological Society Limited Notes to the flnanclal statements For the year ended 31 December 2024 17 Restrlcted funds - Group & Society Balance 1 January 2024 InCOn￿ng resovr¢9S R6Bource8 expènded Balaneè 31 D•￿￿ber 2024 £'ooo Capital rosourc98 èxpended £'ooo 000 ConsaNation tslalod.. Avon Gorge & Downs Proj8cl Sllhamalaza R9$Éafch Genlre Glralle Pr4o¢t Fund UK Invasive Weods Crayllsh ConseNalion Blee(Hng148art Doves Whilg Clawed Gray118h BZP Natlve Spacl&s Even Wilder Project RAPID LS18 Fish Net Madaga8ca¥ Fish Nel G￿&¢0 Fl8h Nel M6xko Elephant Cilsls fund GEF 7 Human Wlkjltfe Coexi9ter￿ E DaNhn Inlllallve Other re51riGled conservall funds wllh movem8nts of loss than E10,OC#) 35 1411 (61 17 21 24 10 1151 1121 1381 171 1221 131 1211 1541 (51 19 {8 53 25 13 23 12 26 21 52 19 14 so 87 1281 1621 75 112 104 11051 1211 52 35 Ethtion program¥ A¢eès$ lo Nature Gapilal project related 100 13 1,500 1821 1171 31 501 27 12,001) Total rn•trlo19d lunds 1,932 881 1537) (2ODI) 275 Funds In deflcll at y8aY end refiect Whe￿ fthds aye clthed In awr6. The dlfferenl Y9StrkAed fundg aye to bo used a8 lollows: The Avon Gorge and Downs Wldlble Projeot wa8 set w) lo provi(k lunds lorcmnjatlon ojucalon work lo b8 carrfpd out In tha Avon Gorg8 and Downs a￿￿, near to Brtslol Zoo Gardens. Sahamalaza Research Cenlre- thls fund was set UP lo buld a new re8&arch statM)n n Madagasoar. The f￿raft& Project Ffftd was 89114) lo prov￿ l￿d6 for CO￿truC￿0n of a glraffe hou¥e al BrBtol Zoo Prlleot arKI an tu gtraffe c(m86Nalion pro1￿1. UK Inv&8ivè Weg(ts- lundwaG sel up lo provklè fuNl¢x the Inva8lve weeds and biosecuthy worf( inthe 80ulhwest the UK. Crayllsh wnsgNallon- Ihls fund18tO 8UM)ortlhe rearfno, rel8a8e and CLK)$grv8tlon ol UK nallvewhlt8dawed ¢ray￿h. Blèedlro Heart Doves- thls lurKI Is for a conselvation prol8Ct in thg PhIl￿pInes, White Clawgd CTryll6h - the proJo¢1 wlll b8 Inv8slkdallng and ￿duC￿9 Ihe Impacl ol translocallon8 ijn wld anlmal wellare in vth118￿lawgd crayllsh Natfve Spdes- Ihls Iwd was set upfor UK G￿nSeNatIon wortf. Even Wlldgr Projèct - alms to Improve intemallonally important habftat for wld fol￿ and wA(Ing blrd8, and 8UPPOrt rrhlcalty endaTwJerad 4)p¢les 35

Brlstol, Clifton and West of England Zoologlcal Society Limited Notes to the financial statements For the year ended 31 December 2024 17 Restrlcted funds (continued) RAPID Lile - tt&s fund supports wort with invasive etien swxes lor frashwatsr aguatk, rlparian costal hablat8 withln Englond. Fieh Net Madagascar- cOrr￿￿ty ¢onsaNalion Mand￿M￿nI plan b save crfllcally endangorod freshwater fi811 6pecle8 in Madagas¢ar. Ftsh Net Gra￿ - Freshwater Ish ￿￿NatIon projects In Gre8ce. FL8h Nel MexlGo- Frashwaler fish Conservatic￿ woiects kn Moxko EleFthanl Crts¥9 fund- for eleFlwnt crop foraging miligalion in Equltorlal Guhea. GEF 7 Human Wlldme c00x￿tene0 EG - to consgNÈ and sustainably monagg blod6ver8ty and for6sI ecosy61ems In the Monts A18n a￿1 Rio Carnpo lands(¥Jes In Equatorfal GiinBa DaNln Inlllallve- th18 lund Is supporflng Ihe Invostlgauon Inlo huntSng Causes In Ihe North.West Panay Pen(nsula and worklng with the local comrnurmty to develop allginaliv6 livellh)od programmes. Our educallon tgams ￿¢81Ved a wtto (knlop our olfèr of oducallm program$ lo ènhance our reach and ImpacL Access to NatLxe - Ihe ￿hem8 pvovklos fundad educalion opportunllles lor rnarrt)ers of our community tho lace barriers accosskng nature We W8T8 awardgd £0.5m (kiring Ihe y8artowaftls the capital de￿lOpmen1 ol 8ristol Z¢JJ Proie¢l. Yho other re8lrlcied funds weie all sel up as CDn8eNalion or olher lunds lor a $pe¢llic puwose as d&￿ed In Ihe fund name. Tho Iranslets b¥lwe9n funds represenl reclasslficallon of feslrlcled capllal funds recelved and uttllsod. 18 Allocation of net assets Group Net Gurr8nt 8sse181868 L(￿9 lerm ¢¥edhor8 £000 Flxad assels £'ooo Penslon assot £'ooo Total £'ooo rooo Unr8strfcled ff￿dS 47,148 {3,862) 275 176 43061 Re8lrided funds 276 Total 47,140 (3,587 175 Soclely Net currenl assets less liabl￿tieS £Y)00 LorKJ ierm cre(IIoY8 rooo Flxed 088ets £'ooo Pen61on assét £'ooo Tolal £'ooo 43,194 275 Unre8trlcl8d futmjs 47,148 14,129) 275 175 Re8trictad fund8 Totsl 47,148 3,854 175 43,469 36

Bristol, Cllfton and West of England Zoologlcal Society Llmited Notes to the flnanclal statements For the year ended 31 December 2024 19 Pènslons Dellned benefit scheme The sL￿￿tY operales a deflnod benefll s¢home In Ihe UK. Thi$18 a 8eparale Tru8leg adminlBlered fund holding the Pgnslon 8¢heme assols lo meet long lem) penslon liabllllles. The schemo closed lo new ontrants In 2004, and on 30 S6pt8mber 2012 ¢eas6d aecrual of bandit$. A lull acluarlal valuatlon was carrfod at 30 Sepl6mber 2021 and was updal6d to 31 Decern￿r 2tY24 by a qualili8d actuary. infjgpendènt of the sehame's spon60rlng employer, and in Ilne wllh FRS 102. Th8 malor a￿uMpI￿n8 used by thè acluary for Ihe valuatbn used In the Ilnanclal slalemonl8 aro shown below. The Society ha8 agreed wlth the TnJslee& that glvèn the sch8mg18 In Surplus no additional contrfbutions were Tequired In 2024 or 8ubsequenl Yea￿ {2023: £nll paid). Th8 Sockiy has agreed wilh thg TIu8tees that il will meel expenses ol Ihe 8chem& and pay amounls Into tho schem6 equal lo the levy payments made by the plan to Ihe Pension Piotection Fund, The major assumptlor￿ u5ad by the actuary were,, A8SUmPtion8 2024 % per annum 3.2% 2023 perannum 3.1% Vo per annum 3,2°/4 Inflatlon IRPI) Inftation (CPI) Rate ol discount 2.8% 2.8% 5.5% 4.8% The mortallty assumptlons adopted al 81 Deoember 2024 Imply ihe following lifo expeclanoies po81 retiremenl: 2024 21y23 years years 21.1 Male rotlrlng at aga 65 In 2024 Female retlrlng at age 65 In 2024 Male rotlriYvJ at ag9 65 In 2044 Fèmale retiring al ag& 66 In 2044 21.1 23.3 22.4 22.4 24,8 24,7 The falr value of Ihg assets In the schem8 was: 2024 £'ooo 2023 £'¢)00 Equltles Bonds 1,203 1,101 1,080 2.503 Other lund8 1,S64 Olher rash glc. 25 Fair value of as8ets None of Ihe lair value8 01 the &%¢)ts shown &lx)ve Include any of Ihe Group's cwn finon¢ial Inslrurnonts or any property occupièd by, or olher a¥ets usod by, the SocSely. 37

Bristol, Clifton and West of England Zoological Soclety Limited Notes to the financial statements For the year ended 31 December 2024 19 Penslons (continued) Reconclllatlon of scheme a66el8 and liabilltlgs Assets £'ooo Llabllllles £'ooo Total £'ooo At 1 January 2024 4,709 (4,339} 370 Inlere8t In¢omellexpen90) 222 (204) 18 A￿￿rIal galnsl(losses) Employer contrlbutions Benoflts paid (550) 337 (213) 11641 At 31 De¢ember 2024 4,217 4.042 175 Dellned ￿n￿lIt oosts racogni8èd in the Congolidatéd statèmènt ol flnanclal acUvlt108 2023 £'ooo Net intere81 Inoomo 18 28 ns 32 Tolal (c081sllln¢om8 recognltsBd In thè Consolidaled slalemenl of financlal acllvltie8 17 Am¢unt8 for tho curranl and provloug four yMrs 2024 £'OOD 2023 £'o 2022 £'(y)o 2IY21 £Y)00 2020 Falr value of scheme assèts 4.217 4.709 4,729 7,530 7,205 Presert valuo of dellned bgnellt obllgation {4,042> 14.3391 {4,163) (6.897) 17,0491 Surplu81(deficTI) In the scheme 175 370 566 8&8 156 Dolln•d eontrlbutlon 8¢h8mo Stoiaty cp8iale8 a Group Personal Pension schèm6 Into whlch ellglblè employees Are now autO-8nrolled. Tho Socldy Makes contrfbullons. The ppjislon cost lor the year payabl6 lo Ihls 8chetn8 Wa8 £142,000 {2023: £141.000). The costs ol the provlslon of death in sery1￿ bemltts tot01 £12,635 {2023: £14,093). Pension costs are allocated to 8XP8ndllur8 ¢alewrl89 In proportlon to the kay buslness drlver for that area ol Ihe business. 88

Bristol, Clifton and West of England Zoological Society Limited Notes to the financlal statements For the year ended 31 December 2024 Reconciliation of not (expenditureyincome lo net cash provided by operating acllvltles 20 2024 £'ooo 2023 Conllnuing octivltigs Movemenl in lunds Actuarlal1088eÈllgalnsl on thfln8d b6n&fit p8nsl¢)n sch8m6 Interest re￿Ived Nel1098esllprollls) on fixed a$sel disposal Nel losse$llgalnsl on invoslmants {l265) 195 {27) {203) 8,735 (53> 19,441) Nèl 8xpen8e for Iha year before iive$lm6nt lossè8 {2,300) 12,583) D6pr8CIat￿n and Impairmsnt ol langlble fixgd assets Decr￿& in sto¢ks Decrnasellincreasè} in debtors I￿reaS decrease n cr8(Atoi8 1275 (8) 1,704 443 1,280 (1,8341 Not cash noralod b I used In eratln h¢llvllles 228 21 Analysi$ of cash and cash equlvalents A11 January 2024 £'ooo At81 D¢o8mber 2024 fOOD Cash IIow8 £'ooo Cash at bank ai* In hand 2.520 Cagh and cagh uiva19nt8 32 AN the nwements fiom the Op￿ng to closlng coffponents aix)ve reBuII Irom Ihe fA8h flow8 ill thg Group. 22 Commitmen18 under operating lease8 At Ihe yeay end, Ihe lulure mlnffinwm lèase paymei)ts under non-oanoeuablg operallng lèas96 lor pr¢4)erty abid for vehl¢les were as IDIIows: Qrow) and 8oclely 2024 £'ooo 20¥J £'ooo Wlthin one yèai Between two and Ilve years M¢r6 than Ilvo 10 10 17 17 27 23 Capltal commilmènts Group and SD¢Soty 21)24 E'ooo 2023 rooo Amounts contracted 262 337 AmountB authorlsod l)ut not 8t conlTactod

Bristol, Clifton and West of England Zoologlcal Soclety Llmited Notes to the financial statements For the year ended 31 December 2024 24 Contlngent assets and Ilabililieg TIN9re are M 011￿r coN11￿)ng or wfthfilled con(Nilons atlachkng lo graJ)ts whkh have been recogniwl &9 Ir¢ome. Certain prwth8 are 8uW to a chaffa8 ty HSBC Bank pl¢, aNI Ihbse are (Isclosed In note 18. At 81 December 2024, Ihe Socleiy had b¢an nolilied of16gac108 due whoye the eslateB weye Stlll bglng Ilnallsed wlth an estlmaled value of r3,000. 25 Related party tran8actlon8 The 8oclety has considered the dlsd08ure requlmm9nt8 of thé StAtement ol Recommended Pr&li¢o lor Charltl8s of FRS 102 and believes that tho lollowing relaled party transacllons, all ofwhith were made on an Èrm's langth basis. requlre disclosure: Durlng the yeai, Ihe Society pald subscfy)tions and krt)ughl goods and 8etvice8 to the value of 211,830 {2023.' £9,780) from (Visil Wostl De8tlnalion Bristol. wh&re the Chief Exoculive ig a non-exeoullve ￿1￿Ctor, Durlng ihe year, the Society paid C(￿lribu1loThs to Ihe Brlstol Nalural Hlslory Consortium of £5,000 (2023: £5,000). The Chlef Executiv& fy a director ol thls organisation and tho Soclety IK)Ids one Ihird ol the membershlp. Duihg the year, Iho SC￿ety fecalved fees for Hlgher Educallon prov161￿ ot £734,56412023', £773,223) from Univèrsliy of Wesl ol Enslarnl and £235,363 (2023.. 2168,854) Irom Univorsily of Brlstol. 80th organl8atlons nomlnale one Trustee lo Ihe Board each year. No amounts lor these ItemB w8re outstanding ol the year end. Durlng the year the Soclety also received Corporale Membership In￿me ol £5.18412023: £3,720) and Bilstol Zoo Enterprfses Llmlted {'BZE'I recelved roorn hlre Income of £5,18412023: £nlll frorn Unbver81ty ol Wesl ol Eroland. £2,203 for room hlre was outslancling 81 the year end. Durfng Ihe year the soclely also ￿e1Ved servlces from Universlly ol Brlstol 01 £18 (2023.. £875). No amounts for theso118Tro wère outstanding at the year end. Durlng ihe yaar. Ihe fullowlng Iransaot#)n8 took place belwe6n the So¢lety and i* wholly owned subsldldry Brl8tol Zoo Enterpilses Llmlled ('BZEJ; the proviBion ol an operating licence by the 8oGiely as a Co￿￿5810n to o¢¢upy the Space uwj lor aatoring. relall, and olher eommercial a(4ivltlcs al Brlstol Zoo Project and rnake use of equlprnenL' In 2024, th8 IleeK8188 was £67,588 (2023: £54,536). A management charga by th8 Scthty to cover BZES share of central c081s and overheads; In 2024, thls wa$ £144.36512023: £161,437I. The transler under Glft Akl ol Ihg tradlng profits of BZE for 2023 of £190,166. The balar￿8 from the SocS&ty to BZE at 31 Decomber 2024 vdas £133,66912023: £115,403). During the year, the Society paid £5,100 {2023.' £4,050) to Business W88t Ltd Wesl ￿ England Initktlve. Iha Chlet Exe(xrtlve lh8 Presldent of tho Brlsld Chamber of Commorce & Initiativei part of Businoss Wesl. Addltlonal Informatlon Bri8tol, caifton and West of England Zoological Soclely Limit9d 18 a pfvate cotwany Ilmlt8d by sha￿ts and is Incorporatod and O)mlclled In England. The address 01 its regstered ofllce 18 Holtywwd Mansion H￿8@, 14oiiiwood Lano, Brfstol, BSIO 77W. its prlndpal ￿tiVIlIS5 arts the (4)erallon of Bristol Zoo ProlecL and re80arch and oon89Nall work carrled oul In lh6 Ileld. 27 SubseqL￿nt Events Brl•tol Zoo Gord8n8 In January 2025 w8 exchanged contracts for the $al8 of thé 811è Acorn Plopprty Group wlih Ihe sale planned to onwlots In eady 2026. As elated <)n page 5 01 tho Reporl of lh8 Trustegs, a Judlcial Agvlew healing was held In May In velalion to tha devdopment ol th6 old Brlstol Zoo Garckn8 Site, We are expecting lo be advlsed ol the outcome of Ihe hèarlng immlnenlly. 40

Bristol, Clifton and West of England Zoological Soclety Llmlted Notes to the financial statements For the year ended 31 December 2024 28 Comparatlve flgure8 for unrestrlcted funds Group pilor yeor Translers, nvestmenl gaIn￿(lO8¥9s) pension Burpl( B8larte 1 January Incomlng 2iY23 resourcos £'o(K) Balan 31 D•cemb&r 2tr23 £'ooo Fles0￿C&S expended rooo Da81gn8tèd lund8 Stalf dovelopmenl fund Flxed asset reservè Bristol Zoo Projgcl bu￿￿ r8s8Ne Inveslment propety reseNe Total d83lgnated lunds Ponsion resgrve Olhor unre5tricled lund8 Total unrtsstrlcled fund8 131 11280) 38,879 17,9851 12,20D 29,614 12.200 767 39,849 566 112831 4.21S 11961 5,352 9a71 42,581 370 11,434) 38,781 5,695 5.695 18,49SI (9,7781 1,118 d4,069 Sodety prlor year BomparallveB Tran8f&rs, Inveslmonl oalnsl(lo$sesl pension 8urplu$ £'ooo 8alar 1 January Incomlng r680urcas £,￿0 Balanoe ai D#oembgv 2023 £'ooo Resourc88 axpended £'ooo Dgslgnatèd funds Stall development fund Fixed assel re8erve BriBtol Zoo Proi8ct buibj reseryg Investwnl prwrty reserve Tolal deslgnated lund$ Pensv>n ro88Ne Olhei unre8lrlcted lund8 Tolol unrealrlcted lund¥ {3} (1,280) 38,879 17,985} 12,200 29,614 12,200 767 ag.649 566 {1,2&91 4215 1196) 5,661 42,581 370 {1,7431 38A72 5,150 5.150 {8,140) (9,428) 41

Bristol, Clifton and West of England Zoological Society Llmlted Notes to the financlal statements For the year ended 31 December 2024 Comparative ligures for the consolldated ststement of tinancial actlvltles Llnrgstsklgd R&stdcto(I fund$ funds £'wo Tot41 2023 £'ooo Income,. Dona1k￿3 & le 219 210 Ineoma fic￿n Charrtab￿ actlvlllgs: Brlslol Zoo GBrdp 2{a) 2(bl 2{¢1 31bl 1,030 6,387 38B Bd810l Zoo Project Ifoimerly Wlhj Plaug Prolètttl Con3oNallon & roseaith prdgcts Incom8 from commertsal Irathvj operations Invgslfflonl Income 3,787 1,600 588 80 67 Total Incomé Expondlluro Expandllurè tsh ral8lng l￿ds. Fundrlnp Gommercial Irading operatlon8 Inveslmenl mana ement ¢osts 495 27 828 E%￿ndl1Uré on eharltabl& actlvlll8S'. Brtstol z￿ Gardens 2,fj47 5,542 2,647 5.542 BAstol Zoo Pro1￿1 If(fft8rty Imld pla￿ P1) ¢m8grvatton & TaSo*ch vo 391 Total px gnthluiè 891 ex Iwe omo before Investmènt alns 4.088 10 Net1108s9sygaln¥ on dspothls aln8 on Irwostrn8nts Not (axpondlturo)fincom• for the year OA58 6,981 Tran$fors ba￿￿n fund8 128 1126) Olhor rewbed gaIn￿O098891. Actuarfal IosB88 1 defin￿1 bpn&lll n8lon 5¢hem8 19 196 198 Nel mov¢M•nt Ib) lunds Tolal lund8 carilgd lorlmrd