REGISTERED COMPANY NUMBER: 05150424 (England and Wales} REGISTERED CHARITY NUMBER: 1105621 Colchester Zoological Society (formerly Colchester Zoo Action for the Wildl Report of Ihe Trustees and Financial Statsments for the Year Ended 31 December 2024 SB&P Chartered Accountants & Ststtjlory Auditors Oriel House 24 Oriel Road Bootle Liverpool Merseyside L20 7EP
Colchester Zoological Society (fomierly Colchester Zoo Action for the Wild) Contents of the Flnanclal Ststements for the Year Ended 31 December 2024 Page Report of the Trustees 1 to 12 Report of the Independent Audltors 13 to 16 Statement of Financial Activities 17 Balance Sheet 18 Cash Flow Statement 19 Notes to the Cash Flow Ststement 20 Notes to the Financial Ststements 21 to 27 Detailed Ststement of Financial Activities 28
Colchester Zoological Soclety (Registered number: 05150424) {fornierly Colchester Zoo Action for the Wildl Report of the Trustees for the Year Ended 31 December 2024 The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present Iheir report with the financial statements of the Charity for the year ended 31 December 2024. The trustees have adopted the provisions of the Statement of Recommended Pracb'ce ISORPI Financial Reporting Standard 102 IFRS 102}- OBJECTIVES AND ACTIVITIES Objectlves and aims The charitys objectives are". la) the consetvation of the earth's natural resources through projects and initiatives dealing with presorvation and protection of living animals and their habitats {b) To educate the public in a formal and informal manner through educational programmes raising awareness and respect for nature (c) To carry out specific and quantitative research from which conservation and animal welfare benefits can accrue and to provide for the publication of results of such research The charity's aims are.. {al to provide financial assistance to overseas in-situ projects in order to support the conservation of endangered species (b) to provide technical assistance to in-silu and ex situ projects at both local and global levels (c) to raise awareness through education programmes and involvement of local people in community conservation projects We have referred to the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and planning future activities. In particular. the trustees consider how planned activities will contribute to the aims and objectives they have set. Significant activities The charity pledges funding for third paty conservation projects world wide. The projects are selected after careful consideration of the current plight of the species to which the project relates All third paty projects funded in this manner share the same overall objectives and aims of the charity. The charity has undertaken the creation of a wldlife reserve in South Africa wlh the aid of donations from Colchester Zoo Enterprises Limited and its visitors. Volunteers The charity uses volunteers to help raise awareness of Colchester Zoological Society and the conservation work it supports and to help raise funds for supported projects. The Trustees would like to take this opportunity to thank the volunteers for their continuing efforts. Page 1
Colchester Zoological Society (Registered number: 05150424) (fornierly Colchester Zoo Action for the Wildl Report of the Trustees for the Year Ended 31 December 2024 ACHIEVEMENTS AND PERFORMANCE Charltable activities Below is a review of the organisations and projects Colchester Zoological Society supported in 2024 through finanaal and technical assistance. UmPhafa Private Nature Reserve The UmPhafa Nature Reserve was fomied in 2IXI5. In October 2024, the UmPhafa Nature Reserve was given protected area status under South African law. In 2024. Colchesler Zoological Society gave a contribution of £379.005 to ensure the continued running of the reserve.. from employing field rangers, maintenance and intern staff, to ensuring continued protection of wildlife species, as well as hosting interns and provided them with the opportunity for intems to leam about conservats'on management of a reserve. 56 interns visited in 2024. which induded groups from WritUe University College, the University of Suffolk and East Coast College. A new South African student intern also joined for the year. The interns assisted with research on the bottlebrush tree and with vegetation surveys as part of the rangeland condition assessment of the reserve. led by the Department of Agriculture and Rural Development. 34 students from the University of Kwazulu Natal also visited for their annual soil studies trip. Poaching continues to be an issue, but thankfully al a lower level than 2023, wth a total of 25m of fence stolen. 16 animals taken and 22 incursion attempts, however there was a higher number of InStanS of trespassing by poachers, with or without dogs, with 84 poachers recorded in the reserve in 2024 and one snare found. Incursion attempts did follow a downward trend over the year. likely due lo increased cameras, the purchase of a thermal drone, and improved patrolling, along with the buffalo acting as a deterrent. Donations of binoculars and cameras also assisted the field rangers in their work. Game count figures provided good totals for 2024. higher than 2023. even though animals were lost to a particularly cold snap. 2024 saw no improvement in rainfall levels, so planning ahead, the team purchased a rake and baler tr) ensure the animals have food in str)ck for the winter of 2025. Two additional boreholes were also drilled in 2024 so the team will be able to top up some of the dams to ensure constant water sources. Highester number recorded in a game count thts year 171 Species Blesbok Buffalo Common Reedbuck Duiker Eland Giraffe Impala Kudu Mountain Reedbuck Nyala Red Hartbeest Warthog Walerbud( Wildbeest Zebra Total Dec 2021 Dec 2022 Dec 2023 Nov 2024 59 88 59 30 14 10 33 112 40 360 323 17 50 57 212 66 351 551 2226 13 12 124 38 465 561 23 75 73 15 72 40 304 193 57 122 61 385 378 14 41 380 459 10 73 78 306 47 292 337 2118 56 13 254 40 185 303 1584 108 47 254 60 325 551 2589 269 481 2632 New speaes recorded for the year indude.. Mammals - African Wild Cat Birds - Purple Crested Turaco Insects- Baboon spider Amphibians- Painted Reed frog l Boettgers Dainty frog Page 2
Colchester Zoologlcal Society (Registsred number: 051504241 Ifomierly Colchester Zoo Action for the Wlld) Report of the Trustees for the Year Ended 31 December 2024 Ke Events on the Resenie January 2024 Buffalo herd started to calf February 2024 4 juvenile giraffes captured and moved off the reserve,. 2 males and 2 females 2 male wild dogs arrived The field rangers and management staff started security training and testing March 2024 Female wild dogs arrived 3 spotted eagle owls arrived from Freeme Wild and released 2 large spotted genets arrived from Freeme Wild and released The field rangers and management staff started security exams wth written and practical shooting tests First aid training for field rangers and management Aprll 2024 Cheetah permit arrived Started bonding produre with the wild dogs 101 blesbok delivered Male kudus captured for movement off Ihe reserve 10 ostriches delivered.. 2 males 8 females Electric converted to solar on the reserve's fen$ May 2024 Wildebeest and zebra (2ptured for movement off the reserve Thermal drone purchased June 2024 New male giraffe delivered 4 new camera traps purchased July 2024 Wild dogs left African wld cat released 2 new male giraffes released 3 male red Hartebeest delivered Cheetah collars arrived August 2024 Released 9 Buffalo induding a calf Spotted another African wild(2t on the reserve 10 common reedbuck released September 2024 The wild dogs that left in July had 5 pups at their new home Makalali. These were the only dogs bonded successfully thi5 year State vet checked the buffalo fence and it passed 56 kudu and 20 zebra captured for movement off the reserve October 2024 The team undertook a block bum of 27% of the resetve. November 2024 3 male eland arrived Spotted Eagle Owl had 2 chicks December 2024 .Eskom electricity supply switched off with conversion to solar. Page 3
Colchester Zoological Society (Registered number: 051504241 Ifomierly Colchester Zoo Action for the Wild) Report of the Trustees for the Year Ended 31 December 2024 In 2025, the team shall again be hosting intems to help with the reserve management tasks and wll continue to focus their efforts on protecting species, bringing in new animal genes with the highlight of releasing cheetah onto the reserve.. a first release of this speaesl Fisherfs Estuarine Moth Breeding Programme The Fisherfs estuarine moth is a rare and highly threatened species. The main stronghold of the species cenlred on a remote island in Essex located in the Walton Backwaters, called Skippevs Island, which is part of Hamford Water National nature reserve. Sadly, a seawall breach in 2020 has meant that approximately 70 % of suitable habitat on the island has been lost to rising sea levels. Over the last 20+ years, a collaborate project has been underway to create new habilat for the moth's larvae to feed on, with Hog's fennel planted across numerous siles in north Essex, as part of a landscape-wde o)nservation approath. Colchesler Zoo began working on this programme in 2008, setting up a captive breeding and release programme, with egg batches produced at the zoo released into newly created habitst sites to ensure the long-temi survival of this species. As of 2024. the majority of the 35 plots have now been colonised, and the captive breeding programmÈ was paused, having achieved ils objective to provide moths for release into new habitat. Colchester Zoo, however, continues its involvement with the project by annually monitoring Hog's fennel plant condib'on, scrub encroachment, larval feeding signs and adult moth counts at of the newly created sites., Cudmore Grove and Copl Hall, to help monitor the establishment of the moth at these sites. In addition. Colchester Zoo's Zoological Director and Team Leader of Reptile Sedion sit on the Fisherfs Estuarine Moth Steering Group wth partners from the Essex Wildlife Trust, Natural England, Environment Agency, Tendring District Council. Butterfy cOnseallOn and the National Trust to continue lo work to safeguard the future of this species. This project is a fantastic indicator of the success of an invertebrate breed and release programme, working in collaboration with various conservation organisations to increase the population size of this species. Save the Rhinos International The Minister for the South African Department of Forestry. Fisheries and Environment has announced that 420 rhinos were illegally killed in South Africa during 2024, and, of this total, 232 rhinos were lost to poaching in Kwazulu Natal. VWhilst these figures represent a decrease on the previous year, demonstrating that current conservation efforts are having a langible impact, ongoing investment into park rangers is essential, as rangers are on the frontline in their role lo ensure the integrity of conservation areas and the safety of rhinos within these landscapes. In 2024, Colchester Zoological Society gave a contribution of £6,900 to purchase rifle safes for the safeguarding of field rangers, rifles and tr) meet emergency repairs or rep1arnent for patrol equipment for rangers. This donation helps towards Hluluwe-imfolozi National Park's objectives to reduo annual poaching levels, by enabling increased patrol coverage, decreased reaction time and by improving ranger welfare while on duty. The first quarter of 2024 saw rhino carcasses continue to be found following poaching incidents. Following a major dehorning operation in Aplll. the next quarter saw a reduction in rhino poaching and overall, this decrease continued fr)r the rest of the year. Unfortunately, there is still a market for dehorned rhino, so the teams remain ever vigilant to ensure conb'nued protection of the SerVe'S rhinos. Field ranger training sessions continued in the Park in 2024, new uniform provision. ongoing efforts to maintain the field ranger camps and the purchase of new equipment. such as tents. and ration packs, all help build the ranger units, capacity, helping lo ensure individuals are more effective during deployments in the field. Page 4
Colchester Zoological Society (Registered number.. 051504241 {fomierly Colchester Zoo Action for the Wild) Report of the Trustees for the Year Ended 31 December 2024 Orangutan Foundation The Orangutan Foundation is working to save orangutans by protecting their tropical forest habitat, working th local communities, and promoting research and education. n. The Orangutan Foundation operates five orangutan post-release monitoring camps within the Lamandau Wildlife Reserve. a reserve spanning almosl 160,000 acres in Indonesian Borneo. At these camps. field teams care for orphaned orangutans in a soft-release programme and continuously monitor orangutans in the surrounding forest. The young orangutans in the soft-release programme learn forest skills neSSary for life in the wild and. once fully prepared, are then ready for release. From time to time, situations arise where the team help with the rescue and translocation of orangutans stranded in threatened areas, such as community land and fragmented sections of forest. Veterinary assistan ensures the highest welfare standards are available to expertly treat these orangutans straight away before release into the Lamandau Wildlife Reserve. In 2024. Colchester Zoological Society gave a contribution of £7,500 to cover a vet salary. post-release monitoring of the Bomean orangutan populab'on in the Lamandau Wildlife Reserve and veterinary equipment for a wildlife clinic. Highlights from 2024 confimi a wTld birth to one of the females, after seven years of learning, an orphaned orangutsn gradualed from the soft-release programme and started a new chapter in the protected Lamandau Wldlife Reserve. and the other orangutans in the soft-release programme also progressed well. Approxirnately 550,000 acres of critical rainforest habitat continues to be protected through guard posts and patrols, with over 5.000 orangutans in Lamandau Wildlife Reserve and Tanjung Puting National Park safe-guarded through the habitat protection programme. Reforestation also continued in over 40 hectares of degraded rainforest habitat. 36.500 saplings were planted in over 30 hectares of degraded rainforest. A fijrther 14.4 hectares of saplings planted in previous years were also maintained through the prOsS of 'enrichmenf, where tsiling tree-saplings are replad by stronger ones. A total of 7,000 plants from 7 different species were used in this prOsS to increase local rainforest diversity and success rates. Fortunately. the dry season was not as arid as expected, wth only forest fires needing to be extinguished in Lamandau Wildlife Reserve. Staff also built wells - 'boreholes' _ to encourage the growth of wetter, fire-resistant vegetation, and to provide water SoUrS for firefighting in fire-prone forest areas. AEECL (Association Européenne pour I'Étude et la Conservation des Lémuriens) The AEECL aims to advance Ihe understanding and conservation of Madagascar's lemur populations through saentific research, capb've propagation and protecb.on of their natural habitaL Investment in local communities through education, resource management and communication helps ensure the communities of today can forge a safe haven for wildlife tomorrow. In 2024, Colchester Zoological Soaety gave its £1,747.34 membership fee to support the work of AEECL. In 2024. during the Regional Reforeslation event. the AEECL planted 50 trees in Anahidrano village. about 25km north of Antsohihy. The project's main site for the reforestation programme is in Andranolsirilry,- the reforestab-on area begins at the edges of the Andranotsiritry forest and extends over a vast savannah. During e planb'ng season. 6.586 young plants from four species were provided by the 2 community nurseries and these We planted over 4ha. Young plants continue to be checked over and watered and the area around them tidied to help with the tree gro. AEECL support the women in local communities in Antsohihy and in celebration of Intemational Women's Day in 2024, provided 25 T-shirts, and a special celebration meal to all participants who represented AEECL. The team attended the biodiversity annual event in Anjiabory which included a lebratIon lunch, information stands. speeches by the authorities in attendants and neOrkIng with tte NGOS who wort in the Sofia region. AEECL donated to support the celebration. A Masters research student, supported by AEECL. studied at various locations throughout the area, looking at 'assessing the potential for soil restoration in rice paddies in the Sahamalaza region, using soil tests and soaal science., The AEECL helped the student to organise her research permit, organised a Malagasy student to assist her and supported her data collection. The AEECL hosted another day of road repairs whith saw 178 people attend from lour villages and approximately 17km of road either fixed or newly creatsd. Most of the worst sections were fixed and AEECL provided food for the event. AEECL subsidises 78 teacher wages from 3 communes to ensure they are eaming a salary whilst teaching the children good skills. including nature-ba5ed studies. By subsidising their salaries, the AEECL can improve the educational programmes of the local ¢xJmmunities. Page S
Colchester Zoological Society (Registered number: 05150424) Ifomierly Colchestsr Zoo Action for the Wild) Report of the Trustees for the Year Ended 31 December 2024 Elephant Orphanage Project The Elephant Orphanage Project (EOP) is working to rescue, rehabilitate and release elephants that have been orphaned as a direct result of poaching. In 2024, Colchesler Zoological Society gave a contribution of £10,000 to help provide food and medical treatment for the orphans and to support the wage of one of the elephant caregivers. Aaron. who has worked al e project Sin 2012. At the end of 2024, the Elephant Orphanage Project's had 26 elephants undergoing care or monitoring, spanning the SIX Stages of release.. 17 elephants in rehabi5ilab.on {5 elephants in Stage 1 rehabilitation at the Lilayi Elephant Nursery and 12 elephants in Stage 3 at Ihe Kafue Release Facility who remain inside the protective boma overnight). 9 elephants actively monitored {6 of these in Stage 5 spending nights outside the boma, remaining with the orphan herd less than 50P/o of their time and wth one calf born in tre wld, and 3 in Stage 6 living full time in the wild and being monitored). Stage 5 elephant female Chamilandu and her herd continue to periodically visit the Stage 3 release phase orphans to socialise on their daily walks and, throughout the last quarter of the year, maintained a consistent home range within 5 - 7 km radius of the Release Facility. These encounters eviden the strong bonds forged beeen the elephants and the trust they have built over time. Some of the Stage 5 orphans-, Tafika. Rufunsa, and Mosi, have begun to explore other areas of the Kafije National Park, likely in search of more abundant and nutritious food SoUrs. This break away from Chamilandu's leadership and expansion of their range marks Iheir growing Independen and confidence in navigating the w(Id. Tafika ventured south and explored overlapping ranges with wild herds,. this behaviour is essential for long-term survival and adaptation in male African elephants. After five months of exploring the wld, Stage 6 sub-adult bull Musolole, now 13.5 years. made an unexpected return to the Kafue Release Facility, reuniting with the orphans, likely in search of water due to the drought. He had been spotted in a group of around 50 wild elephants just 2 weeks before his return in excellent body condition. In November. an orphaned elephant was captured. He was in poor condition, which is currently very common during ihis extreme drought. but he was already of weaned age, so rather than go to Lilayi Elephant Nursery, he was immobilised to provide some basic medical treatment and immune boosters and relocated to an area doser to the National Park. away from settlements with more plent11 vegetation. Subsequent reports by the monitoring Rangers confirm he joined with a herd and moved off lowards the Park. Elephant Herpe5 Wirus (EEHV) Research Funds Appeal Elephant endotheliotropic herpesvirus {EEHV), of which there are 11 Isub)species. continues lo be a devastating infectious disease posing a significant threat to the long-term conservab'on of Asian elephants in zoo populations and is the most frequent cause of death in young Asian elephants,. over the last 35 years, 12-17 % of all Asian elephant calves born in Western zoos succumbed to EEHV-HD before reaching adulthood. The disease is also found in wild populations, where infections and falalib'es are more challenging to track, and more recently, African elephants have been shown lo be affected as well. In 2024. Colchester Zoological Soaety provided a donation of £866.63 to support research projects that slrive toward5 finding a solution against this fatal disease. Promising lines of research work continue, with researchers at the University of Utrecht maktng remarkable progress towards developing a vaccine against EEHV. A scientific paper was published in 2024 highlighting progress with the work to better define which animals are al risk of EEHV-fatal haemorrhagic disease {EEHV-HD} using blood tests from 164 Asian elephants in European zoos. The study strongly suggested which young elephants with low antibody leve15 were at risk of developing fatal EEHV-HD. confirmed by the fact all 23 studied fatalities had such low antibody levels (which represents a large subset of 56010 of the total reported fatalities} Overall, the research found that Specific testing can be used to idents'fy animals at risk of EEHV-HD and further research will now look to determine the exact antibody level above which animals are protected against EEHV-HD. The fvture of zoo elephant populations depends on understanding how to manage this awful disease. In the long tem). research serves to protect captive elephants against fatal EEHV-HD and contribute to the preseNation of this endangered animal species. Page 6
Colchester Zoological Society {Registered number: 05150424) Ifomierly Colchester Zoo Action for the Wlld) Report of the Trustees for the Year Ended 31 December 2024 Centre de Rehabilitation des Primates de Lwiro Founded in 2002 by Congolese government institutions, The Lwiro Primates Rehabilitalion Centre ILPRC) was fomied to prowde a permanent solution for the escalab'ng number of orphaned primates confiscated around Kahuzi-Biega National Par IPNKB). The centre plays a vital role in caring frjr confiscated wildlife and in working to slop the illegal animal trade in the Democratic Republic of the Congo IDRCI. At the end of 2024. Lwro serves as a sanctuary for 129 chimpanzees, 108 monkeys of 14 different speaes. 46 parrots. 3 tortoises and a porcupine. The centre 15 committed to delivering high-quality wildlife health and welfare services, emphasising long-term captive care, with a strong focus on rehabilitation and conseatron edu(2tion. In 2024. Colchester Zoological Sooety gave a contribution of £4.973.34 towards the purchase of essential sustenance, promob'ng the health and vitality of the PTimates residing at Lwiro. Over six weeks, from April 2024 to May 2024, the donation facilitated the provision of fresh fruits and vegetables to a total of 287 animals housed at LPRC. This initiab've not only adds variety to Iheir diet. but also enhanS the overall quality of nutrition. contributing to the holistic well-being of the primates. The support enables the LPRC to maintain its care capacity. ensuring the continued reception of confiscated animals. This not only aligns with LPRC'S mission. but also contributes to compliance wth Congolese law. A significant portion of the funds was dedicated to supporting local women farmers in Lwro. This not only ensures a regular supply of fresh and diverse nutritional options for the primates. but also sustains the livelihoods of local famiers, providing them with a sustainable income source that help5 protect Kahuzi Biega National Park from exploitation. Free the Bears Free the Bears IFTBI is working lo protect, preseNe and enrich the lives of bears throughout the world by offering a safe sanctuary ft)r bears rescued from the illegal wildlife trade. In 2024, a record 34 bears were rescued. This included the worfd's largest rescue of threatened bear cubs. involving 16 tiny cubs ranging in weight belween 1.3kg and 4kg. Sadly. one of the cubs didn't make it. however. Ihe 15 SUNivors are now healthy and strong. Many of the other bears rescued were also OTphaned cubs. kn of which had horrific wounds from wire snare traps. although Ihankfijlly both are now on the road to recovery. Older bears were also rescued, that had been caged for many years. including a golden moon bear. All of these bears have been spared a life of pain, fear and suffering and will join the hundreds of rescued bears at Free the Bears, sanctuaries. In 2024. Colchester Zoological Society gave a contribution of £7,500 towards Free the Bears, £6000 towards the expansion of the Laos sanctuary's sun bear facilities to help creale a second facility and new group of sun bears during 2025, as four sun bears were rescued in 2024. The other £1,500 towards recruitment of a new Behavioural Research Assistant. including sample collection from a male sun bear who will have an implant fitted to control sperm production. This represents a rare opportunity to integrate behavioural obseNations with hormonal monitoring to analyse the effects of contraceptive use on male social and reproductive behaviours to help infom fijture wntraceptive praCtIS in captive bear populations. Page 7
Colchestsr Zoological Society (Registered number: 051504241
(formerly Colchester Zoo Actlon for the
Wild)
Report of the Trustees
for the Year Ended 31 December 2024
Vulpro
African vultures are some of the most threatened speaes on the planet. wth some populations having declined
by over 80/0 in the last three decades. VulPro has been at the forefront of vulture conserwalion, conducting
extensive breeding surveys and analysing trends across southern Africa Sin 2010. By identifying critical
nesting siles and understsnding the Challenges facing breeding vultures, VulPro contributes invaluable data to
the fight for their survival.
In 2024, Colchester Zoological Soaety gave a contribution of £4,994.22 towards vulture monitoring expenses.
covering researcher costs to monitor breeding sites of the criti(2lly endangered tree nesting African
white-bad
Colchester Zoological Society (Reglstered number: 05150424) Ifomierly Colchester Zoo Actlon for the Wild) Report of the Trustees for the Year Ended 31 December 2024 Red Panda Network Forest Guardian Sponsorshlp Scheme The Red Panda Neknrk IRPNI established the world's first community-based monitoring programme for red pandas and their habitat through empowering, educaling and engaging Nepalese local communities in red panda conservation, along with providing livelihood InntIves. One of the key initiatives contributing to the success of the programme is the Forest Guardian IFG) programme. Forest Guardians are on-the-ground partners. who are employed to monitor and protect red panda habitst and support red panda conseNation through multiple activities, such as monitoring red panda populations and habitat, generating population estimates, identifying trreats and developing threat mitigation strategies. They are also involved in carrying out anti-poaching patrolling and work as panda trackers during eco-trips. Each Forest Guardian also works within their respective village to build awareness of the importance of red pandas to the local ecosystem. In 2024, Colchesler Zcyjlogical Society gave a contribution of £214.92 to help sponsor a Forest Guardian. Currently there are 126 professional Forest Guardians and, in 2024. the red panda holders in European Zoos provided support for 25 of these. The funds are used for capacity and skill-building training, supporting children and siblings with education scholarships, installing solar systems, and providing guardians with field gear and monitoring equipment All forest guardians receive training on community-based red panda monitoring and anti-poaching patrolling, which includes training on camera trap handling, installation and data management, to enable them to monitor and establish red panda monitoring blocks. This support benefits not only the red pandas. but provides employment and development within the lo1 community, giving them a sense of pride in protecting tris endangered species, with income generated from sustainable means. Galapagos Conservation Trust {GCT) The Galapagos Conservation Trust {GCT) is the only UK charity to focus solely on the conservation of the Galapagos Islands. For over 25 years. GCT has raised funds and awareness, and delivered impactful conservation projects both on their own and in partnership wlh Ecuadorian authorities, local communities, saenlists and other non-government organisations. Their project portfolio for 2023-25 is focusing on four key solutions.. stopping species extinctions.. eradicating invasive species., building climate resilience; and reducing the human footprint. In 2023, Action for the Wild gave a contribution of £373.62 from the BIAZA Pinniped Husbandry Workshop Conferen held at Colchester Zoo to 5UPPOrt this conservation work. At the beginning of March. the team attended the 'Our Ocean Conference, in Panama and presented preliminary results from the last five years of plastic pollution research in the Galapagos Islands and the wider Eastem Pacific. The GCT team conducted a drone workshop with the Galapagos National Park Directorate coastal clean-up team, during which the group learned how drone technology can assist with removing and documenting plasti pollution from coastal habitats. The team attended the second round of negotiations for a global agreement to end plastic pollub'on at UNESCO headquarters in Paris. In Odober, the next crucial phase of the restoration of Floreana began. The team started the eradication phase, the largest and most complex eradication of invasive and introduced species ever attempted on an inhabited tropical island. If successful, the team can begin species reintroductions in January 2024, starting with the Floreana giant tortoise. This is a significant step towards the uitimate goal of reintroducing 12 locally extinction species to the island. Page 9
Colchester Zoological Society (Registered number: 051504241 {fom)erly Colchester Zoo Actlon for the Wild) Report of the Trustses for the Year Ended 31 December 2024 Ghost Fishing UK Ghost Fishing UK was established in 2015, and is an award-wnning charity dedicated to removing 'ghost gea from the seas around Ihe UK. Ghost gear is fishing gear, such as nets and shellfish traps, that have been lost by fishermen during the course of their work. The lost gear ntinUeS to catch marine life, as it is designed to do. Ghost gear is a source of marine pollution. but because it was designed to catch animals, it has a disproportionate impact on wildlife, marine and coastal habilals, and food security. Ghost Fishing UK is made up of volunteer scuba divers, who have been trained to remove this lost fishing gear from the seas_ The purpose is lo remove, where possible, lethal entanglement hazards to marine life from the marine environment In 2024. Colchester Zoological Society gave a contribution of £5,000 to help remove abandoned, 105t or discarded fishing gear from UK waters. Ghostfishing UK divers undertook numerous rewvery missions in 2024. The team travelled to Plymouth lo search for a large trawl nel and freed a large 1 m Wrasse trapped in it, before the net was safely recovered. The team worked on the wreck of the Vale of Leven, a steam drifter in 26m depth within the Rampion wind farm. where they removed several large and hazardous chunks of net before dearing the wreck of pots. The team recovered a gill net and mass of rope floating under Swanage pier, which sadly had already claimed the life of one fish. This gill net was a large hazard to both the abundant marine life under the pier, as well as the huge numbers of recreational divers who visit Ihe pier fr)r leisure and training. 8 lobster pots were also COvered on day 2 of the dive,. these pots will be returned lo the fishing community where possible or broken down for materials and recycled if they are in too poor condition. The team travelled lo Holy Loch lo recover some lost creel pols after Storm Bert broke a storage barge apart- over 60 pots were recovered and 2,934 live crab. 136 prawns, 16 hermit crabs, 13 ling, 7 cod and 3 wrasse were saved 263m of gill net was found in the shallows of Jennycliff Bay, which is a small pebble beach wthin the South Devon Area of Outstanding Natural Beauty. After the divers had surveyed and secured the lift bags, masses of net were recovered to the surface along with all the trapped life and litter the net had been catching. Once the net was eventually on deck the trapped life was released, including 72 spiny spider rabs, 30 velvet swimming crabs and 9 edible crabs. FINANCIAL REVIEW Principal funding sources The charity's principal funds derive from donations from Colchester Zoo Enterprises Limited and donations made by the general public. Reserves policy ReseNes are held at a level sufficient enough to ensure the support of animal conservation projects worldwide. Many of the projects supported by the charity operate in countries suffering from political and economic constraints and Unrtainty, as such they lY upon donations and other voluntary income lo ensure continuity. The Trustees continue to retain a reserve fund that not only supports ils day to day objectives but to also support the longer term development and strategic plans of the charity. Donations are grateIlY received by the various organisations and make a huge contribution lowards conservation costs of animal rehabilitab'on and release, habitat and species protection, conservation research and capaaty building and education of local communities. The Trustees policy is to pla ndS on deposit with a high street bank. This athieves the flexibility of funds earning return on capital, whilst at the same time being easily assIble should it be required. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing document. a deed of trust, and constitutes a limited company, limited by guarantee. as defined by the Companies Act 2006. Recruttment and appolntment of new trustees The charity has an established recruitment procedure for the appointment of trustees. Mechanisms include exploiting Ihe charity's local neorkS and personal invitation. Page 10
Colchester Zoological Society (Registered number: 051504241 {fomierly Colchester Zoo Action for the Wild) Report of the Trustees for the Year Ended 31 December 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Organisatlonal structure The board of trustees administers the charity. It meets annually and there are sutrpcommittees covering development, membership, finance and audit that meet when required. The trustees recognise the significant contributions of Rebecra Moore as Zoo Director. Induction and tralning of new trustees New trustees are required to attend an induction day to brief them on: {a) (b) (c} Idl lel their legal obligation under UK charity and company law the content of the Mernorandum and Artides of Association commrttee and decision making processes the business plan the renI financial perfomiance of the charity During induction the new trustees have the opportunity to meet key employees and other trustees. They are also encouraged to attend any appropriate external training events that might assist them in undertaking the role of a trustee. Regular governan Iraining is also provided. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 05150424 (England and Wales) Registered Charity number 1105621 Registered office Colchester Zoo Maldon Road Colchester Essex C03 OSL Trustees Dr D A Tropeano (resigned 30.1.25} Mrs J A Tropeano (resigned 30 1.251 Mrs S E Leedham (resigned 18.11.241 A Lewis Mrs M R Dench (resigned 19.8.241 A G Bruford (appointed 10.5_24) Mrs E A Butcher {appointed 4.4.241 R W Lees (appointed 8.5.241 J Griffrths-scott {appointed 1.4.25) Company Secretary Mrs R Moore Auditors SB&P Chartered Accountants & Statutory Auditors Oriel House 2-8 Oriel Road Bootle Liverpool Merseyside L20 7EP EVENTS SINCE THE END OF THE YEAR Information relating to events since the end of the year is given in the notes to the financial statements. Page 11
Colchester Zoological Society (Registered number: 05150424) Ifomierly Colchestsr Zoo ActSon for the Wild) Report of the Trustees for the Year Ended 31 December 2024 STATEMENT OF TRUSTEES, RESPONSIBILITIES The trustees {who are also the directors of Colchester Zoological Society for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards {United Kingdom Generally Accepted Accounting Practi) induding Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Company law requires the trustees to prepare finanaal statements for each financial year which give a ttue and fair view of the state of affairs of the charitable company and of the incoming resources and application of reSoUrs, including the income and expendrture, of the charitable company for that period. In preparing those finanaal statements, the trustees are required to select suitable accounting policies and then apply them consistently,. observe the methods and principles in the Charity SORP., make judgements and estimates that are reasonable and prudent., prepare the financial statements on the going cOnM basis unless it is inappropriate to presume that the charitable company wll continue in business. The trustees are responsible for keeping proper a¢UntIng records which disclose wlh reasonable accuracy at any lime the financial position of the charitable company and to enable trem to ensure that the financia5 slalements comply th the Companies Act 2006. They are also responsible for safeguarding ihe assets of the charitable company and hen for tsking reasonable steps for the prevention and detection of fraud and other igularitIeS. In so far as the trustees are aware.. there is no relevant audit information of which the charitable companvs auditors are unaware-, and the trustees have taken all steps that they ought lo have taken to make tremselves aware of any relevant audit information and to establish that the auditors are aware of that information. This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 20C6 relating to small companies. Approved by o er of th board of trustees on . and signed on its behalf by= A G Bruford - rustee Page 12
Report of the Independent Auditors to the Members of Colchester Zoological Society (Reglstered number: 05150424) Opinion We have audited the financial statements of Colchester Zoological Soaety Ilhe 'charitable company'} for the year ended 31 Dember 2024 which comprise Ihe Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the finanaal statements, including a summary of significant accounting policies. The financial reporting frarnework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally ACpted Accounting Practice}, including Financial Reporbng Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland,. In our opinion the finanaal statements= give a true and fair view of the stste of the charitable company's affairs as at 31 December 2024 and of ils incnming resources and applicab'on of resourcÉs, including its income and expenditure, for the year then ended., have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice. including Financial Reporting Standard 102 'The Financial Reporting Stsndard applicable in the UK and Republic of Ireland.; and have been prepared in accordance with the requirements of the Companies Art 2006. Basis for opinion We conducted our audit in accordance with Internab'onal Standards on Auditing (UK) IISAS (UK)) and appli(2ble law. Our responsibilities under those standards are ftjrther described in the Auditors, responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance wth the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical standard, and we have fvjlfilled our other ethical responsibilities in accordance wth these requirements. We believe that the audit eviden we have obtained is suffiaent and appropriate to prowde a basis for our opinion. Concluslons relating to going concern In auditing the financial statements. we have concluded that the trustees, use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material unrtainlieS relating to events or conditions that indimdually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilrties and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. Other information The Irustees are responsible for the other information. The other information comprises the infomation included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon. Our opinion on the financial statements does nol cover trte other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance condusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so. consider whether the other information is materially inconsistent with the financial statement5 or our knowledge obtained in the audit or otherwise appears lo be materially misstated. If we identify such material inconsistencies or apparent material misstatemenls. we are required to detemiine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed. we Conclude that there is a material misstatement of this other informalion, we are required to report that fact. We have nothing to report in this regard. Opinions on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit.. e infomiation given in the Report of the Trustees for the financial year for which the finanaal statements are prepared is consistent with the financial statements., and the Report of the Trustees has been prepared in accordan wth applicable legal requirements. Page 13
Report of the Independent Auditoryd to the Members of Colchester Zoological Society {Registered number: 05150424) Matters on whlch we are required to report by exception In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees. We have nothing to report in respect of the followng matters where the Companies Act 20C6 requires us to report to you if, in our opinion.. adequate accounting records have not been kept or returns adequate for our audit have not been reiVed from branches not visited by us.. or the finanaal statements are not in agreement with the accounting records and returns., or certain disclosures of trustees, remuneration specified by law are not made., or we have not reiVed all the information and explanations we require for our audit., or the trustees were not entilled to take advantage of the small companies exemption from the requirement to prepare a Str*egic Report or in preparing the Report ofthe Truslees. Responsibilities of trustees As explained more ftjlly in the Statement of Trustees, Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law} are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such intemal control as the trustees determine is necessary to enable the preparation of financial ststements that are free from material misststement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concem, disclosing, as applicable. matters related to going concern and using the going concern basis of accounting unless tre trustees either intend to liquidate the charitable company or to cease operations. or have no realistic alternative but to do so. Page 14
Report of the Independent Auditors to the Members of Colchester Zoological Soclety (Registered number: 051504241 Our responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether the finanaal stslements as a whole are free from material misstatement, whether due to fraud or error, and to issue 8 Report of the Independent Auditors that indudes our opinion. Reasonable assurance is a high level of assuran. but is not a guarantee that an audit conducted in accordance with ISAS {UK) wll always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are consided material if, indiwdually or in the aggregate, they could reasonably be expected ta influence the enoMiC decisions of users tsken on the basis of these financial stalements. The extent to which our prOdureS are capable of detecting irregularities, including fraud is detsiled below.. The objectives of our audit are to identify and assess the risks of material misstatement in the financial statements due to fraud or error, to obtain appropriate audit eviden regarding the assessed risks of material misstatement due to fraud or error, and to respond appropriately to those risks. Owing to the inherent limitations of an audit there is an unavoidable risk that material misstatements in the finanaal statements may not be detected, even though the audit is properly planned and performed in accordan wlh the ISAS (UK). In identifying and assessing risk of material misstatement in respect of irregularities, including fraud and non-complian with laws and regulations, our prOdureS indude the following". We obtained an understanding of the legal and regulatory frameworks applicablè to the Company and the sector in which it operates. We delermined that the following laws and regulab'ons were most significant.. Those which are directly relevant to specific assertions in the financial statements Those that relate to reporting frameworks beingThe Companies Act 2006Charilies Act 2008 laccounls and reports regulationslcharities Act 2011Charities Sorp IFRS 102) 2019UK corporate tax lawsUK health and safety regulations Those that relate to the Fundraising Regulator, Ihe independent regulator of charitable fundraising in England. Wales and Northern Ireland. Those that relate to data protection and bribery and corruption practices. We obtained an understanding of how the Charitable Company is complying with those legal and regulatory frameworks by making enquiries of management. reviewing any board meeting minutes and reviewng the legal costs incuryed in the year and enquiring wth management as to the circumslances around these legal costs. We assessed the susPtIbility of the Charitable Company's financial statements to material misstatement including how fraud may occur. Audit prOdureS performed by the audit engagement team included.. identifying the controls thal management has in place to prevent and detect fraud., challenging assumptions and judgements made by management in its significant accounting estimates., auditing the risk of management override of controls, induding through testing journal entries and other adjustmenls for appropriateness, and evaluating the business rationale of significant transacb'ons outside the normal course of business., assessing the extent of Complian wth the relevant laws and regulations. A fijther descripb'on of our responsibilities for the audit of the financial statements is located on the Financ4al Reporting Council's website at www.frc.org.uklauditorsresponsibilities. This description forms part of our Report of the Independent Auditors. Page 15
Report of the Independent Auditors to the Members of Colchester Zoological Society {Reglstered number: 05150424) Use of our report This report is made solely lo the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 20(E. Our audit work has been undertaken so that we might state to Ihe charitable company's membets those matters we are required to slate lo them in an auditors, report and for no other purpose. To Ihe fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work. for this report or for the opinions we have fomied. Suzanne Draper FCCA ACA {Senior Statutory Audilorl For and on behalf of SB&P Chartered Accountants & Statutory Auditors Oriel House 2-8 Oriel Road Boolle Liverpool Merseyside L20 7EP Date.. Page 16
Colchester Zoologlcal Soclety (fonnerly Colchester Zoo Action for the Wild) statement of Financial Activities {Incorporating an Income and Expendlture Account) for the Year Ended 31 December 2024 31.12.24 Totsl funds 31.12.23 Total funds Unrestricted fvnd Restricted funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 4,354,936 4,354,936 143,571 Other trading activities Investrnent income 1,210 64,711 1,210 64,711 1,280 54,091 Total 4,420.857 4,420,857 198.942 EXPENDITURE ON Raising fiJnds 77,229 77,229 500 Charltable activities Wildlife conseNalion 433,289 433,289 519,178 Totsl 510,518 510,518 519,678 NET INCOMEI{EXPENDITUREI 3,910,339 3,910.339 {320,7361 RECONCILIATION OF FUNDS Total funds brought forward 1,222,083 3,469 1,225,552 1,546,288 TOTAL FUNDS CARRIED FORWARD 5.132A22 3.469 5,135,891 1,225,552 The notes form part ofthe5e financial statements Page 17
Colchester Zoological Society {Reglstered number: 051504241 Ifonnerly Colchester Zoo Action for the Wild) Balance Sheet 31 Dernber 2024 31.12.24 Total funds 31.12.23 Total fijnds Unrestricted fund Restricted funds Notes FIXED ASSETS Tangible assets 12 73 73 97 CURRENT ASSETS Debtors Cash at bank 13 14.819 5,135.480 14,819 5.138,949 11,980 1,227.356 3,469 5,150.299 3,469 5,153,768 1,239,336 CREDITORS Amounts falling due wthin one year 14 117,950) (17,9501 (13,8811 NET CURRENT ASSETS 5,132,349 3,469 5,135.818 1.225.455 TOTAL ASSETS LESS CURRENT LIABILITIES 5.132,422 3,469 5,135,891 1.225.552 NET ASSETS 5,132,422 3.469 5.135.891 1,225,552 FUNDS Unrestricted funds Restncted funds 15 5.132.422 3,469 1,222,083 3,469 TOTAL FUNDS 5,135,891 1,225,552 These financial statements have been prepared in accordan with the provisions applicable lo charitable companies subject to the small companies regime. The fi anaal statements were approved by the Board of Trustees and authorised for issue on and were signed on ils behalf by.. A G Brufor - Trustee The notes fomi part of these finanaal statements Page 18
Colchester Zoological Society (fornierly Colchester Zoo Action for the Imldl Cash Flow Ststement for the Year Ended 31 December 2024 31.12.24 31.12.23 Notes Cash flows from operating activities Cash generated from operations 3,846,882 1177.474) Net ¢sh provided byllused in) operating activities 3.846,882 1177,474} Cash flovjs from InveSng activities Interest reiVed 64,711 54,091 Net cash provided by investing activities 64,711 54.091 Change in cash and cash equivalents In the reporting period Cash and cash equivalents at the beginning of the reporting period 3,911,593 {123,383) 1,227,356 1.350.739 Cash and cash equlvalents at the end of the reporting period 5,138.949 1.227,356 The notes fom part ofthese financial statements Page 19
Colchester Zoological Society Ifomierly Colchester Zoo Action for the Wlld) Notes to the Cash Flow Ststement for the Year Ended 31 December 2024 RECONCIUATION OF NET INCOMEIIEXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES 31.12.24 31.12.23 Net incomellexpenditurel for the reporting period (as per the ststement of Flnanclal Actlvlties) Adjustments for: Depreciation charges Interest reIVed Ilncrease}Idecrease in debtors Increase in creditor5 3,910,339 1320,736) 33 154,0911 193,320 4,aOO 164,711) {2,839) 4.069 Net cash provlded byl(used Inl operatlons 3,846,882 {177,474) ANALYSIS OF CHANGES IN NET FUNDS At1.1.24 Cash fiow At 31.12.24 Net cash Cash at bank 1.227,356 3.911.593 5.138.949 1,227,356 3,911,593 5,138,949 Total 1.227.356 3.911.593 5.138.949 The notes fomi part of these financial statements Page 20
Colchester Zoologlcal Society (fomierly Colchester Zoo Action for the Wildl Notes to the Financial Statements for the Year Ended 31 December 2024 ACCOUNTING POLICIES Basis of preparing the financlal statements The financial statements of the charitable company. which is a public benefit enb'ty under FRS 102, have been prepared in accordance with the Charities SORP IFRS 1021 'AGcounling and Reporting by Charities.. Slalement of Recommended Practi applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) {effeclive 1 January 2019}'. Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statemenls have been prepared under the histori1 cost convention. Income l income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds. it is probable Ihat the income wll be received and the amount can be measured reliably. Expenditure Liabililies are recognised as expenditure as soon as there is a legal or constructive obligalion committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of tre obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Vvhere costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent wlh the use of reSoUrs. Grants offered subject to conditions which have not been met at the year end date ao noted as a commitment but not accrued as expenditure. Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estim*ed usefijl Fixtures and fittings 25Yo on reducing balance Taxation The charity is exempt from corporation tax on its charitable activities. Fund accounting Donations made by the charity are sometimes in excess of the monies collected for trtat purpose. The differen is made by transfer from the general fund. All collections for a specific project are paid over as soon as possible but olhemise in the same accounting period. The Umphafa Private Nature Reserve is private insofar as it is not open to the public but is a conservation project wth many students carrying out research projects. The charity fiJnds this work from donations a5 and when support is needed and retains funds to ensure its long term sustainability- Forelgn currencies Assets and liabilities held in foreign currencies, are translated into sterling at the rates of exchange ruling at the balan sheet date. Transactions in foreign currenaes are translated into sterling at the rate of exchange ruling at the date of a transaction. Exchange differences are taken into account in arriving at the operating result. Page 21 continued...
Colchester Zoologlcal Society (formerly Colchester Zoo Action for the Wildl Notes to the Financial Statements - Contlnued for the Year Ended 31 December 2024 DONATIONS AND LEGACIES 31.12.24 31.12.23 Donations Gift aid Legacies Umphafa placements 4,288.157 9,327 2,552 54,900 93,852 7,217 249 42,253 4,354,936 143.571 OTHER TRADING ACTIVITIES 31.12.24 31.12.23 Research fees 1.210 1,280 INVESTMENT INCOME 31.12.24 31.12.23 Deposit account interest 64.711 54,091 RAISING FUNDS Raising donations and legacies 31.12.24 31.12.23 Research costs Support costs 850 76,379 500 77.229 500 CHARITABLE ACTIVITIES COSTS Grant nding of activities (see note Support costs (see note 81 Totals Wildlife conservation 429,991 3,298 433,289 Page 22 continued...
Colchester Zoological Society (fomierly Colchester Zoo Action for the Wild> Notes to the Financial Statements - continued for the Year Ended 31 December 2024 GRANTS PAYABLE 31.12.24 31.12.23 Wildlife conservab'on 429,991 488.764 The total grants paid to insb'tutions during the year was as follows= 31.12.24 31.12.23 AEECL Elephant Orphanage Project Orangutan Foundation Save The Rhino International Umphafa Private Nature Reserve Vulture Conservation VulPro Free the bears LWIRO Chimp Project Red Panda Network Elephant Herpes Virus Komodo Survival Program Galapagos Conservation Trust Ghost Fishing To Mind 1,747 10.000 7,500 6,900 379,005 4,994 7,500 4,973 215 867 1.290 1,768 10,000 7,500 7,068 441,444 4.994 7.500 4.859 220 907 1.319 374 614 197 5,000 429,991 488.764 SUPPORT COSTS Governance costs Finan Other Totals Raising donations and legacies Wildlife conservation 552 298 75,803 3,000 76.379 3.298 850 78,803 79,677 NET INCOMEI{EXPENDITURE} Net incomellexpenditurel is stated after chargingl{crediting)'. 31.12.24 31.12.23 Accountancy fees and independent examination Auditors remuneration Depreaation - owned a55ets 4,267 3,000 24 3,299 33 Page 23 continued...
Colchester Zoological Society (fomierly Col¢hester Zoo Action for the Wild) Notes to the Financial Statements - contlnued for the Year Ended 31 December 2024 10. TRUSTEES. REMUNERATION AND BENEFITS There were no tfuslees, rernuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023. Trustees. expenses There were no trustees, expenses paid for the year ended 31 December 2024 nor for the year ended 31 December 2023. 11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fiJnd Restricted funds Total funds INCOME AND ENDOWMENTS FROM Donab"ons and legacies 143,571 143,571 Other trading aclivilies Investment incom8 1,280 54,091 1.280 54.091 Total 198,942 198,942 EXPENDITURE ON Raising funds 500 500 Charitable activities Wildlife conservation 519,178 519.178 Totsl 519,678 519.678 NET INCOMEI(EXPENDITURE) 1320,7361 (320,7361 RECONCILIATION OF FUNDS Total funds brought forward 1.542,819 3,469 1.546,288 TOTAL FUNDS CARRIED FORWARD 1.222,083 3.469 1.225,552 Page 24 continued...
Colchester Zoological Society {fomierly Colchester Zoo Action for the Wild) Notes to the Flnancial Statements - continued for the Year Ended 31 December 2024 12. TANGIBLE FIXED ASSETS Fixtures and fittings COST At 1 January 2024 and 31 December 2024 2,840 DEPRECIATION At 1 January 2024 Charge for year 2,743 24 At 31 Dember 2024 2,767 NET BOOK VALUE At 31 December 2024 73 At 31 December 2023 97 13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.24 31.12.23 Trade debtors other debtors 1.189 13.630 6.856 5.124 14,819 11.980 14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.24 31.12.23 Trade creditors Arned expenses 4,636 13,314 13.881 17,950 13.881 15. MOVEMENT IN FUNDS Net movement in funds At 31.12.24 At 1.1.24 Unrestricted funds General fvnd 1,222.083 3,910,339 5,132,422 Restricted funds Wildlife Vets International {Amur leopard and tiger) 3,469 3,469 TOTAL FUNDS 1,225,552 3,910,339 5,135,891 Page 25 continued...
Colchester Zoological Society {fomierly Colchester Zoo Action for the Wild) Notes to the Flnanclal Statements - continued for the Year Ended 31 December 2024 15. MOVEMENT IN FUNDS - contlnued Net movement in funds, included in the above are as follows.. Incoming reSoUrS ReSoUrS expended Movement in funds Unrestricted funds General fund 4,420,857 (510,518) 3,910,339 TOTAL FUNDS 4.420,857 (510.518) 3.910.339 Comparatlves for rnovement in funds Net movement in funds At 31.12.23 At 1.1.23 Unrestricted funds General fvnd 1,542,819 1320.736) 1.222,083 Restricted funds Wildlife Vets International (Amur leopard and tiger) 3,469 3,469 TOTAL FUNDS 1,546.288 (320,7361 1,225,552 Comparab've nel movement in funds, included in the above are a5 follows.. Incoming resources Resources expended Movement in funds Unrestrlcted funds General fund 198,942 (519,6781 {320,7361 TOTAL FUNDS 198,942 {519,6781 {320,736} Donations are generated from collections. spinners and a £1 optional donab'on charged on entran fees to the Zoo, such donations are collected by the Zoo and paid to the charity- Collections for specific organisations and projects are as detailed above and further detailed information relating to these can be found on pages 2 to 10 of the trustees report. Sufficient re50urces are held wthin current assets to enable restricted funds to be applied in accordan wth their restrictions. Transfers have been rnade from the general fvnd to the restricted funds where expenditure has exeded the available funds in the restricted fijnds. Page 26 continued...
Colchester Zoological Society (fornierly Colchester Zoo Actlon for the Wildl Notes to the Financial Statsments - continued for the Year Ended 31 December 2024 16. RELATED PARTY DISCLOSURES Dr D A Tropeano (Resigned 3010112025}, is a trustee and director of Colchester Zoological Society Limited, and also a shareholder and director of Cheyenne Investments Limiled. the holding company of Colche5ter Zoo Enterprises Limited. Mrs J A Tropeano (Resigned 3010112025}, is a trustee and director of Colchester Zoological Society Limited, and also a shareholder and director of Cheyenne Investments Limited. the holding company of Colthester Zoo Enterprises Limited. Umphafa Private Nature Reserve is held within Colchester Zoo SA Properties (Proprietary) Limited. a wholly owned subsidiary of Colchester Zoo SA Investments (Proprietary) Limited, the shareholding of which is 100¥0 owned by the DAT Trust, of which Dr D A Tropeano and Mr A S P Tropeano are trustees. and beneficiaries together wth Mrs J A Tropeano. During the year Colchester Zoo Enterprises Limited collected donations on behalf of the charity amounting to £42,725 {2023.' £30,247). An additional £4,225.000 {2023'. £nill was donated to the charity by Colchesler Zoo Enterprises Limited. During the year an amount of £379,005 was paid to Colchester Zoo SA Investments {2023'. £441,444) as a donation towards the running costs of the Umphafa Private Nature Reserve. 17. POST BALANCE SHEET EVENTS On 30th January 2025 Dr D A Tropeano and Mrs J Tropeano resigned as direclorsltrustees. On 1 February 2025. Cheyenne Investments Limited, a company controlled by Dr D A Tropeano gifted its 50.000 shares held in Colchester Zoo Enterprises Limited to the charity As a result of the transfer and gift of shares on 1 February 2025. Colchester Zoological Society Limited became the parent {charitablel company owning 1000/0 of the share capital of Colchester Zoo Enterprises Limited. An asset transfer agreement was entered into on the same date, transferring part of Colchester Zoo Enterprises Limited assets to the charity. The total value of the asset transfer could not be determined at the balance sheet date. accordingly the financial statements to 31 December 2024 do not reflect the financial impact of thé asset transfer at the reporting date. 18. CONTROLLING PARTY The charity is controlled by the board of trustees. Page 27
Colchester Zoological Society Ifomierly Colchester Zoo Actlon for the Wild) Detailed Statement of Flnanclal Actlvities for the Year Ended 31 December 2024 31.12.24 31.12.23 INCOME AND ENDOWMENTS Donations and legacies Donations Gift aid Legacies Umphafa plaMentS 4,288,157 9,327 2.552 54,900 93,852 7,217 249 42,253 4.354,936 143,571 Other trading activities Research fees 1,210 1,280 Investment income Deposil account interest 64,711 54,091 Totsl incoming resources 4,420.857 198.942 EXPENDITURE Raising donations and legacies Research costs 850 5CMJ Charitsble activities Donations 429,991 488.764 Support costs Finance Bank charges 850 519 Other Sundries Depreciation of tangible fixed assets 51 32 24 83 Governance costs Accountancy fees and independent examination Auditors remuneration Legal fees 4,267 3.000 71,536 3.299 26,513 78.803 29,812 Total resources expended 510,518 519,678 Net in¢omel(expendlture) 3,910,339 1320,7361 This page does not form part of the statutory financial statements Page 28