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2025-12-31-accounts

COMPANY REGISTRATION NUMBER: 06789783 CHARITY REGISTRATION NUMBER: 1128168

The British & Irish Association of Zoos and Aquariums Company Limited by Guarantee Financial Statements 31 December 2025

BURGESS HODGSON AUDIT LIMITED

Chartered accountants & statutory auditor Camburgh House 27 New Dover Road Canterbury Kent CT1 3DN

The British & Irish Association of Zoos and Aquariums

Company Limited by Guarantee

Financial Statements

Year ended 31 December 2025

Page
Trustees' annual report (incorporating the director's report) 1
Independent auditor's report to the members 7
Statement of financial activities (including income and
expenditure account) 12
Statement of financial position 13
Statement of cash flows 14
Notes to the financial statements 15

The British & Irish Association of Zoos and Aquariums

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report)

Year ended 31 December 2025

The trustees, who are also the directors for the purposes of company law, present their report and the financial statements of the charity for the year ended 31 December 2025.

Reference and administrative details

Registered charity name The British & Irish Association of Zoos and Aquariums Charity registration number 1128168 Company registration number 06789783 Principal office and registered Regents Park office London NW1 4RY The trustees Mr C A Brown Mr J I Christon (Chair) Prof D A Field (Resigned 19 June 2025) Ms S Forsythe Mr M A Habben Dr C M Macdonald Ms N Mallott (Resigned 13 January 2025) Mr T Owen Dr R Pizzi Mr L Rowden Mr S J Sheppard Mr Z J Showell Mr T Whitnall Dr C Murn Mr I Gill Ms R Angus (Appointed 24 January 2025) Mr B Supple (Appointed 18 June 2025) Mr C S Whitnall (Appointed 21 July 2025) Ms E H Cale Auditor Burgess Hodgson Audit Limited Chartered accountants & statutory auditor Camburgh House 27 New Dover Road Canterbury Kent CT1 3DN

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The British & Irish Association of Zoos and Aquariums

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report) (continued)

Year ended 31 December 2025

Structure, governance and management

The British & Irish Association of Zoos and Aquariums is a charitable company limited by guarantee, registered in England and Wales and governed by its Memorandum and Articles of Association. The Board of the Association are also the Trustees of the Charity, and the Board of Directors of the Company. The Charitable Company was incorporated on 13 January 2009 and commenced its operations on 1 February 2009. Prior to these dates the activities of the organisation were carried out by an unincorporated charity. On commencement of the charitable company’s operations, all of the assets, liabilities and activities of the unincorporated charity were transferred to this charitable company to enable the organisation to carry out its objectives.

Board members are elected by the full membership via ballot at the Annual General Meeting, as per the Memorandum and Articles of Association. Board members considered for election to serve in the Board should have, as a pre-requisite the relevant skills and experience to further the organisation's objectives. The Board is the governing and decision making body of the Association. The Board members set out in the list of trustees on page 1 have held office during the period from 1 January 2024 to the date of this report unless otherwise stated.

The registered directors as per Companies House are as per the Trustees listed on page 1.

The list of Trustees on page 1 should be taken as those charges with governance and elected by members.

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The British & Irish Association of Zoos and Aquariums

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report) (continued)

Year ended 31 December 2025

Objectives and activities

The British & Irish Association of Zoos and Aquariums (BIAZA) is a conservation, education and scientific wildlife charity, representing the interests of 134 zoological and wildlife collections; it is the umbrella organisation for the responsible zoo community in the United Kingdom and Ireland.

The Association was first established as an unincorporated charitable organization in 1966, out of a mutual desire to see sound principles of animal management and codes of practice widely adopted within the zoo community throughout the British Isles.

The Association and its members participate in cooperative conservation and education work, particularly through coordinated conservation breeding programmes for endangered and threatened species of animal — known as ex situ conservation ~ and through the provision of valuable support for habitat and species conservation in the wild, known as in situ conservation.

Furthermore, the Association has also sought to improve welfare standards amongst its membership as new scientific information and animal husbandry techniques have become available. It also plays a significant role in reviewing zoo licensing, working closely with the Zoos Expert Committee (a Defra advisory body); a process to which it is pleased to contribute its expertise and experience.

In furtherance of its objects the charity is affiliated to the following organisations:- European Association of Zoos and Aquaria (EAZA)

The members of the Board continue to carry out the Association’s aims for the public benefit within the definition of its objectives and the Charity Commission’s guidance on Charity Trustees public benefit duties. As illustrated by this and the annexed annual report, the members of the Board have complied with their duty to have due regard to the guidance on public benefit published by the Charity Commission in exercising their powers or duties.

Strategic report

The following sections for achievements and performance and financial review form the strategic report of the charity.

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The British & Irish Association of Zoos and Aquariums

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report) (continued)

Year ended 31 December 2025

Achievements and performance

BIAZA continued to deliver on its purpose, "to bring together the best zoos and aquariums in Britain and Ireland to create a better future for the planet and its inhabitants. We drive excellence in animal welfare, conservation, education and research, demonstrate our members' value to society, and use our collective expertise and voice to influence policy and champion positive behaviours." We continue to support our members, through advocating for their work and value and promoting and sharing best practice via our standards, committees and working groups. BIAZA continues to work with EAZA, WAZA and the IUCN to raise global standards and achieve conservation goals.

In 2024 BIAZA members; delivered education sessions to over 1.1 million students, supported 1,280 research projects and 1,236 conservation projects and contributed more than £34.8 million to conservation. The Research Committee continued to support high quality zoo research through the research support process - 36 reviewed, 28 were provided with a letter of support, held a research conference at Chester Zoo and worked on building global relationships and knowledge exchange through attendance at the EAZA Research Committee and AZA's Research and Technology Committee meetings. The Animal Welfare Working Group updated the animal welfare toolkit and associated audit template. The Conservation Education Committee has focused on strengthening its structure, refining its priorities and aligning its work closely with BIAZA's strategy and accreditation framework. It delivered a successful conference, including delegates from 62 member organisations and developed new initiatives to foster collaboration, knowledge exchange and innovation across the membership, such as the KEEP education exchange programme and the Zoo School model.

The Species Advisory Committee supported continued professional development within the sector by holding 12 in person and two online animal care training events. They have also reviewed and updated all current BIAZA animal care resources with tens of new species care sheets provided. The Conservation Committee delivered a successful BIAZA Conservation Conference which was attended by over 100 zoo conservationists, researchers, government officials and NGO representatives. They also developed campaigns to support members in delivering and promoting impactful conservation, including harvest mouse and dung beetle surveying.

BIAZA completed its first full year of accreditation in 2025, which has already delivered tangible benefits for animal welfare through improved facilities and practices. Member feedback highlights the value of accreditation as a tool for positive change, while also enabling BIAZA to better understand, support and champion the outstanding work undertaken across our membership.

BIAZA continued to liaise with government departments and ministers and shadow ministers across the UK and Ireland on topics including animal welfare, conservation, education, Brexit and Avian Influenza. The Association has continued to work with the All-Party Parliamentary Group for Zoos and Aquariums to keep MPs engaged and informed.

The Annual Report and the weekly e-newsletter, BIAZA BiteSize, were produced. The Annual Conference and AGM were held in person at Chester Zoo in June. Full details are in the Annual Report.

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The British & Irish Association of Zoos and Aquariums

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report) (continued)

Year ended 31 December 2025

Financial review

The total Incoming Resources for the year amounted to £745,599 (2024: £739,557). Of this amount £516,295 (2024: £523,038) was derived from membership income, which is the principal funding source of the organisation. As membership income is primarily directly linked to visitor and member numbers at member organisations in the year prior to invoicing, the Association saw a material increase in 2025 income, as member organisations continued to rebound following the impact of COVID.

Amounts received from events in the year was £132,161 (2024: £138,334). Investment income representing income from bank interest received was £16,645 (2024: £13,703). Details to this are in Note 6 on page 19 of the accounts.

The total Resources Expended in the year (in furtherance of the organisation's objectives) amounted to £708,054 (2024: £646,791). Of this amount £664,932 (2024: £605,401) related to expenditure in respect of (Direct) Charitable Activities, £14,553 (2024: £9,978) for Governance Costs and £37,376 (2024: £39,406) spent for Support costs. Details to this are in Notes 8, 9 & 10 on page 19 of the accounts.

The net result of the above amounted to an excess of income over expenditure for the year in the sum of £37,545 (2024: £92,766). All of this resulting in a balance of funds carried forward (after transfers) of £686,235 (2024: £648,690).

Reserves policy

The Board has agreed a reserves policy, in the light of the current and future needs of the charity, to keep a minimum of six months expenditure as reserves, with every effort being made to keep the reserves higher than this. At 31 December 2025 the unrestricted fund reserves amounted £546,752, which is approximately twelve months' worth of expenditure. As detailed in the accounting policies note, Board has considered material uncertainties in respect of the organisation's status as a going concern and have concluded that there are no material uncertainties that affect the organisation's status as a going concern. The period covered in this review is 12 months from the date of the annual report.

Risk management

The Board of the Association have examined the significant risks to which the charity is exposed and are satisfied that systems are in place to regularly monitor and control these risks and to mitigate any impact they may have on the charity.

Trustees' responsibilities statement

The trustees, who are also directors for the purposes of company law, are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company and the incoming resources and application of resources, including the income and expenditure, for that period.

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The British & Irish Association of Zoos and Aquariums

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report) (continued)

Year ended 31 December 2025

In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Auditor

Each of the persons who is a trustee at the date of approval of this report confirms that:

The trustees' annual report and the strategic report were approved on 8 May 2026 and signed on behalf of the board of trustees by:

Mr J I Christon Trustee

Mr T Owen Trustee

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The British & Irish Association of Zoos and Aquariums

Company Limited by Guarantee

Independent Auditor's Report to the Members of The British & Irish Association of Zoos and Aquariums

Year ended 31 December 2025

Opinion

We have audited the financial statements of The British & Irish Association of Zoos and Aquariums (the 'charity') for the year ended 31 December 2025 which comprise the statement of financial activities (including income and expenditure account), statement of financial position, statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with 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 fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions 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 uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity'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 responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

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The British & Irish Association of Zoos and Aquariums

Company Limited by Guarantee

Independent Auditor's Report to the Members of The British & Irish Association of Zoos and Aquariums (continued)

Year ended 31 December 2025

Other information

The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion 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 statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, 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:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees' report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

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The British & Irish Association of Zoos and Aquariums

Company Limited by Guarantee

Independent Auditor's Report to the Members of The British & Irish Association of Zoos and Aquariums (continued)

Year ended 31 December 2025

Responsibilities of trustees

As explained more fully in the trustees' responsibilities statement, the trustees (who are also the directors 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 internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and then design and perform audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion.

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we have considered; the nature of the industry, control environment.

We also consider the results of our enquiries of management, relating to their own identification and assessment of the risks of irregularities and possible related fraud. This includes reviewing available documentation on their policies and procedures and performing tests of controls to evidence their effectiveness.

Throughout the audit testing we are considering the incentives that may exist within the organisation for fraud. Key areas include timing of recognising income around the year end, posting of unusual journals. In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override.

We ensure we have an understanding of the relevant laws and regulations and remain alert to possible non-compliance throughout the audit.

Despite proper planning and audit work in accordance with auditing standards there are inherent limitations and unavoidable risk that we may not detect some irregularities and material misstatements in the financial statements. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations.

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The British & Irish Association of Zoos and Aquariums

Company Limited by Guarantee

Independent Auditor's Report to the Members of The British & Irish Association of Zoos and Aquariums (continued)

Year ended 31 December 2025

As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also:

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The British & Irish Association of Zoos and Aquariums

Company Limited by Guarantee

Independent Auditor's Report to the Members of The British & Irish Association of Zoos and Aquariums (continued)

Year ended 31 December 2025

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

Use of our report

This report is made solely to the charity's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charity's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's members as a body, for our audit work, for this report, or for the opinions we have formed.

Stuart Harris (Senior Statutory Auditor)

For and on behalf of Burgess Hodgson Audit Limited Chartered accountants & statutory auditor Camburgh House 27 New Dover Road Canterbury Kent CT1 3DN

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The British & Irish Association of Zoos and Aquariums

Company Limited by Guarantee

Statement of Financial Activities (including income and expenditure account)

Year ended 31 December 2025

2025 2024
Unrestricted Restricted
funds funds Total funds Total funds
Note £ £ £ £
Income and endowments
Charitable activities 5 582,903 146,051 728,954 725,854
Investment income 6 16,645 – 16,645 13,703
-------------------------------- -------------------------------- -------------------------------- --------------------------------
Total income 599,548 146,051 745,599 739,557
================================ ================================ ================================ ================================
Expenditure
Expenditure on raising funds:
Costs of other trading activities 7 3,810 – 3,810 699
Expenditure on charitable activities 8,9 566,259 136,049 702,308 644,807
Other expenditure 11 1,050 886 1,936 1,285
-------------------------------- -------------------------------- -------------------------------- --------------------------------
Total expenditure 571,119 136,935 708,054 646,791
================================ ================================ ================================ ================================
-------------------------------- -------------------------------- -------------------------------- --------------------------------
Net income and net movement in funds 28,429 9,116 37,545 92,766
================================ ================================ ================================ ================================
Reconciliation of funds
Total funds brought forward as previously
reported 518,323 130,367 648,690 555,924
Prior year adjustment – – – –
-------------------------------- -------------------------------- -------------------------------- --------------------------------
Total funds brought forward as restated 518,323 130,367 648,690 555,924
-------------------------------- -------------------------------- -------------------------------- --------------------------------
Total funds carried forward 546,752 139,483 686,235 648,690
================================ ================================ ================================ ================================

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The notes on pages 15 to 25 form part of these financial statements.

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The British & Irish Association of Zoos and Aquariums

Company Limited by Guarantee

Statement of Financial Position

31 December 2025

2025 2024
Note £ £
Fixed assets
Intangible assets 16 10,720 –
Current assets
Debtors 18 17,335 16,787
Cash at bank and in hand 717,236 659,198
-------------------------------- --------------------------------
734,571 675,985
Creditors: amounts falling due within one year 19 59,056 27,295
-------------------------------- --------------------------------
Net current assets 675,515 648,690
-------------------------------- --------------------------------
Total assets less current liabilities 686,235 648,690
-------------------------------- --------------------------------
Net assets 686,235 648,690
================================ ================================
Funds of the charity
Restricted funds 139,483 130,367
Unrestricted funds 546,752 518,323
-------------------------------- --------------------------------
Total charity funds 21 686,235 648,690
================================ ================================

These financial statements were approved by the board of trustees and authorised for issue on 8 May 2026, and are signed on behalf of the board by:

Mr J I Christon Trustee

Mr T Owen Trustee

The notes on pages 15 to 25 form part of these financial statements.

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The British & Irish Association of Zoos and Aquariums

Company Limited by Guarantee

Statement of Cash Flows

Year ended 31 December 2025

2025 2024
£ £
Cash flows from operating activities
Net income 37,545 92,766
Adjustments for:
Depreciation of tangible fixed assets – 1,955
Amortisation of intangible assets – 1,917
Other interest receivable and similar income (16,645) (13,703)
Accrued expenses/(income) 29,138 (3,465)
Changes in:
Trade and other debtors (4,263) 1,958
Trade and other creditors 6,338 7,852
---------------------------- ----------------------------
Cash generated from operations 52,113 89,280
Interest received 16,645 13,703
---------------------------- --------------------------------
Net cash from operating activities 68,758 102,983
============================ ================================
Cash flows from investing activities
Purchase of intangible assets (10,720) –
---------------------------- --------------------------------
Net cash used in investing activities (10,720) –
============================ ================================
Net increase in cash and cash equivalents 58,038 102,983
Cash and cash equivalents at beginning of year 659,198 556,215
-------------------------------- --------------------------------
Cash and cash equivalents at end of year 717,236 659,198
================================ ================================

The notes on pages 15 to 25 form part of these financial statements.

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The British & Irish Association of Zoos and Aquariums

Company Limited by Guarantee

Notes to the Financial Statements

Year ended 31 December 2025

1. General information

The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is Regents Park, London, NW1 4RY.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

There are no material uncertainties about the charity's ability to continue.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.

Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.

Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.

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The British & Irish Association of Zoos and Aquariums

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 December 2025

3. Accounting policies (continued)

Incoming resources

All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:

Resources expended

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.

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The British & Irish Association of Zoos and Aquariums

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 December 2025

3. Accounting policies (continued)

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

CRM Solution

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Equipment - 25% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into.

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

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The British & Irish Association of Zoos and Aquariums

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 December 2025

4. Limited by guarantee

Every member of the company undertakes to contribute a sum not exceeding £1 to the assets of the company if it is wound up during his, her or its membership or within one year afterwards:

(a) for payment of the debts and liabilities of the company contracted before he, she or it ceased to be a member;

(b) for the costs, charges and expenses of winding up; and

(c) for the adjustment of the rights of the contributories among themselves.

5. Charitable activities

Unrestricted Restricted Total Funds
Funds Funds 2025
£ £ £
Full members' fees 480,951 – 480,951
Corporate associate members fees 35,344 – 35,344
Corporate sponsorship and conference fees 18,610 113,551 132,161
Job & news advertisements 8,605 – 8,605
Training provided – 32,500 32,500
Other income 39,393 – 39,393
-------------------------------- -------------------------------- --------------------------------
582,903 146,051 728,954
================================ ================================ ================================
Unrestricted Restricted Total Funds
Funds Funds 2024
£ £ £
Full members' fees 492,871 – 492,871
Corporate associate members fees 30,167 – 30,167
Corporate sponsorship and conference fees 45,990 92,344 138,334
Job & news advertisements 3,717 – 3,717
Training provided – 48,020 48,020
Other income 12,745 – 12,745
-------------------------------- -------------------------------- --------------------------------
585,490 140,364 725,854
================================ ================================ ================================

6. Investment income

Unrestricted Total Funds Unrestricted Total Funds
Funds 2025 Funds 2024
£ £ £ £
Other interest receivable 16,645 16,645 13,703 13,703
============================ ============================ ============================ ============================

7. Costs of other trading activities

Unrestricted Total Funds Unrestricted Total Funds
Funds 2025 Funds 2024
£ £ £ £
Costs of other trading actitivies -
Advertising and publicity 3,810 3,810 699 699
======================= ======================= ============== ==============

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The British & Irish Association of Zoos and Aquariums

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 December 2025

8. Expenditure on charitable activities by fund type

Unrestricted Restricted Total Funds
Funds Funds 2025
£ £ £
Direct charitable activity 528,883 136,049 664,932
Support costs 37,376 – 37,376
-------------------------------- -------------------------------- --------------------------------
566,259 136,049 702,308
================================ ================================ ================================
Unrestricted Restricted Total Funds
Funds Funds 2024
£ £ £
Direct charitable activity 479,769 125,632 605,401
Support costs 39,406 – 39,406
-------------------------------- -------------------------------- --------------------------------
519,175 125,632 644,807
================================ ================================ ================================
Expenditure on charitable activities by activity type
Activities
undertaken Support Total funds Total fund
directly costs 2025 2024
£ £ £ £
Direct charitable activity 664,932 22,823 687,755 634,829
Governance costs – 14,553 14,553 9,978
-------------------------------- ---------------------------- -------------------------------- --------------------------------
664,932 37,376 702,308 644,807
================================ ============================ ================================ ================================

9. Expenditure on charitable activities by activity type

10. Analysis of support costs

Support
costs Total 2025 Total 2024
£ £ £
Premises 3,732 3,732 4,641
Communications and IT 16,974 16,974 21,431
General office 2,117 2,117 3,356
Governance costs 14,553 14,553 9,978
---------------------------- ---------------------------- ----------------------------
37,376 37,376 39,406
============================ ============================ ============================

11. Other expenditure

Unrestricted Restricted Total Funds
Funds Funds 2025
£ £ £
Gifts and donations – 886 886
Bad debts written off 1,050 – 1,050
----------------------- -------------- -----------------------
1,050 886 1,936
======================= ============== =======================

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The British & Irish Association of Zoos and Aquariums

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 December 2025

11. Other expenditure (continued)
Unrestricted Restricted Total Funds
Funds Funds 2024
£ £ £
Gifts and donations 55 – 55
Bad debts written off 1,230 – 1,230
----------------------- -------------- -----------------------
1,285 – 1,285
======================= ============== =======================
12. Net income
Net income is stated after charging/(crediting):
2025 2024
£ £
Amortisation of intangible assets – 1,917
Depreciation of tangible fixed assets – 1,955
============== =======================
13. Auditors remuneration
2025 2024
£ £
Fees payable for the audit of the financial statements 8,750 4,500
======================= =======================
Fees payable to the charity's auditor and its associates for other services:
Other non-audit services 2,890 2,750
======================= =======================
14. Staff costs
The total staff costs and employee benefits for the reporting period are analysed as The total staff costs and employee benefits for the reporting period are analysed as follows:
2025 2024
£ £
Wages and salaries 442,619 328,745
Social security costs – 35,443
Employer contributions to pension plans – 25,366
-------------------------------- --------------------------------
442,619 389,554
================================ ================================
The average head count of employees during the year was 9 (2024: 9). The average The average head count of employees during the year was 9 (2024: 9). The average number of
full-time equivalent employees during the year is analysed as follows:
2025 2024
No. No.
Management & Administration 4 4
Conservation & Animal Management 3 3
Communications & Members Services 2 2
-------------- --------------
9 9
============== ==============

- 20 -

The British & Irish Association of Zoos and Aquariums

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 December 2025

14. Staff costs (continued)

The number of employees whose remuneration for the year fell within the following The number of employees whose remuneration for the year fell within the following bands, were:
2025 2024
No. No.
£70,000 to £79,999 – 1
============== ==============

15. Trustee remuneration and expenses

The Board members were not paid or received any other benefit from the charity (2024: £nil). Four employees were reimbursed expenses totalling £6,684 in the year (2024: one employee was reimbursed expenses totalling £699). No Board member received payment for professional or other services supplied to the charity (2024: £nil).

The key management personnel of the charity comprise of the Board members and the Chief Executive Officer. The total employee benefits of the key management personnel of the charity was £89,015(2024: £80,632).

16. Intangible assets

CRM
Website
Solution
Development		 Total
£ £ £
Cost
At 1 January 2025 15,000
–		 15,000
Additions –
10,720		 10,720
---------------------------- ---------------------------- ----------------------------
At 31 December 2025 15,000
10,720		 25,720
============================ ============================ ============================
Amortisation
At 1 January 2025 and 31 December 2025 15,000
–		 15,000
============================ ============================ ============================
Carrying amount
At 31 December 2025 –
10,720		 10,720
============================ ============================ ============================
At 31 December 2024 –
–		 –
============================ ============================ ============================

17. Tangible fixed assets

Equipment
£
Cost
At 1 January 2025 and 31 December 2025 3,498
=======================
Depreciation
At 1 January 2025 and 31 December 2025 3,498
=======================
Carrying amount
At 31 December 2025 –
=======================
At 31 December 2024 –
=======================

- 21 -

The British & Irish Association of Zoos and Aquariums

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 December 2025

18. Debtors

2025 2024
£ £
Trade debtors 14,575 10,552
Prepayments and accrued income 2,760 6,231
Other debtors – 4
---------------------------- ----------------------------
17,335 16,787
============================ ============================
Creditors: amounts falling due within one year
2025 2024
£ £
Trade creditors 12,698 4,982
Accruals and deferred income 32,673 7,250
Social security and other taxes 13,685 11,967
Other creditors – 3,096
---------------------------- ----------------------------
59,056 27,295
============================ ============================

19. Creditors: amounts falling due within one year

20. Pensions and other post retirement benefits

Defined contribution plans

The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £Nil (2024: £25,366).

21. Analysis of charitable funds

Unrestricted funds

At
At Prior year 31 Dec 202
1 Jan 2025 Income Expenditure Transfers
adjustments		 5
£ £ £ £ £ £
General funds 518,323 599,548
(571,119)		 –
–		 546,752
================================ ================================ ================================ ============== ============== ================================
At
At Prior year 31 Dec 202
1 Jan 2024 Income Expenditure Transfers
adjustments		 4
£ £ £ £ £ £
General funds 440,289 599,193
(521,159)		 –
–		 518,323
================================ ================================ ================================ ============== ============== ================================

- 22 -

The British & Irish Association of Zoos and Aquariums

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 December 2025

21. Analysis of charitable funds (continued)

Restricted funds

Restricted funds
At
At Prior year 31 Dec 202
1 Jan 2025 Income Expenditure Transfers adjustments 5
£ £ £ £ £ £
Zoo Animal
Management
Course 3,000 3,000
–		 – – 6,000
Elephant Project 5,444 –
–		 – – 5,444
Aquariums Fund 24,466 22,477
(27,680)		 – – 19,263
Working Group
Funds 26,926 28,004
(21,681)		 (2,455)
–		 30,794
Field
Conservation
Committee 5,542 8,487
(8,407)		 1,455 – 7,077
Conservation
Education
Committee 2,619 19,724
(5,414)		 – – 16,929
Animal Behaviour
and Training
Course 29,195 32,500
(35,219)		 – – 26,476
Flamingo
Specialist Group 20,378 –
(15,025)		 – – 5,353
LCC Keepers
Conference 2,055 –
–		 – (2,055)
–
Communications
Conference 5,527 8,636
(5,440)		 – – 8,723
Giraffid Sub
Group – 14,609
(12,585)		 – 255 2,279
Other Funds 5,215 8,614
(5,484)		 1,000 1,800 11,145
-------------------------------- -------------------------------- -------------------------------- ----------------------- ----------------------- --------------------------------
130,367 146,051
(136,935)		 – – 139,483
================================ ================================ ================================ ======================= ======================= ================================
At
At Prior year 31 Dec 202
1 Jan 2024 Income Expenditure Transfers adjustments 4
£ £ £ £ £ £
Zoo Animal
Management
Course – 3,000
–		 – – 3,000
Elephant Project 5,604 –
(160)		 – – 5,444
Aquariums Fund 17,709 24,018
(17,261)		 – – 24,466
Working Group
Funds 18,427 29,133
(17,631)		 (3,003)
–		 26,926
Field
Conservation
Committee 3,261 10,956
(8,675)		 – – 5,542
Conservation
Education
Committee 222 15,874
(13,477)		 – – 2,619

- 23 -

The British & Irish Association of Zoos and Aquariums

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 December 2025

21. Analysis of charitable funds (continued)

Animal Behaviour
and Training
Course 24,445 48,020 (43,270) – – 29,195
Flamingo
Specialist Group 39,657 – (19,279) – – 20,378
LCC Keepers
Conference 2,055 – – – – 2,055
Communications
Conference 2,690 8,651 (5,814) – – 5,527
Giraffid Sub
Group – – – – – –
Other Funds 1,565 712 (65) 3,003 – 5,215
-------------------------------- -------------------------------- -------------------------------- ----------------------- -------------- --------------------------------
115,635 140,364 (125,632) – – 130,367
================================ ================================ ================================ ======================= ============== ================================

The Flamingo Specialist Group (FSG) is a global network of flamingo specialists concerned with the study and conservation of all flamingo species. The group is part of the IUCN-Species Survival Commission and the legal home of the FSG has been at WWT since the 1990s. In 2021 it was agreed that BIAZA would take over management of the FSG's Small Grants Fund. A new MoU was signed between the FSG steering committee and BIAZA in 2022 and grant funding was allocated in 2023 and 2024. They will also continue to manage and pay the maintenance costs for the FSG website. They will submit an invoice to BIAZA for these costs to be repaid from the funds held.

The Great Ape Welfare group (GAWG) is a partnership between BIAZA and the University of Birmingham, which brings together zoo practitioners, researchers of wild and captive great apes and representatives of great ape-related welfare, regulatory and government organisations to define best practice in great ape welfare, celebrate current successes, and to work together to generate tangible evidence-based improvements in welfare, husbandry and policy inter-linked with conservation and research.

The Zoo Animal Management Course (Diploma in the Management of Zoo and Aquarium Animals) fund is set up to further the educational objectives of the charity. The Elephant Project represents donations from Member collections holding elephants for elephant welfare research. The Aquariums Fund is money collected from non-BIAZA aquarium members and is used for an aquatic project; and the Working Group Funds is funds held for other BIAZA Working Groups. The Conservation Conference Fund was set up to provide funding for the conference costs.

- 24 -

The British & Irish Association of Zoos and Aquariums

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 December 2025

22. Analysis of net assets between funds

Unrestricted Restricted Total Funds
Funds Funds 2025
£ £ £
Current assets 605,808 139,483 745,291
Creditors less than 1 year (59,056) – (59,056)
-------------------------------- -------------------------------- --------------------------------
Net assets 546,752 139,483 686,235
================================ ================================ ================================
Unrestricted Restricted Total Funds
Funds Funds 2024
£ £ £
Intangible assets – – –
Tangible fixed assets – – –
Current assets 545,618 130,367 675,985
Creditors less than 1 year (27,295) – (27,295)
-------------------------------- -------------------------------- --------------------------------
Net assets 518,323 130,367 648,690
================================ ================================ ================================
23. Analysis of changes in net debt
At At
1 Jan 2025 Cash flows 31 Dec 2025
£ £ £
Cash at bank and in hand 659,198 58,038 717,236
================================ ============================ ================================

- 25 -