CHARITY COMMISSION FOR ENGLAND AND WALES Trustses, Annual Report for the period From 0110712020 Perlod start date To 3010612021 Period ond date Charlty name: The Crocodile8 of the World Foundation Charity r•gistratlon numbor: l 153303 Objectives and Activities SORP r8ferenc8 Summary of the purposes of the charity as set out in its overnin document Summary of the main activities in relation to those purposes for the public benefit, in particular. the activtties, projects or setvices identified in the accounts. Statement confimiing whether the twslees have had regard to the guidance issued by the Charity Commission on public tenefit Para1.17 Attached Pora 1.17 and 1.19 1. Operation of zoo 2. Rescue of animals 3. Captive breeding of endangered spècies 4. Supporting crocodlle conservation Para 1.18 Addltlonal Inforniatlon (optlonal) You ma hoose to include further statements where relevant about: SORP releren Par8 1.38 Policy on grant making Para 1.3 Policy on social investment including program related investment New voluntsers have been trlcky to flnd throughout the COVID pandemic and exlstlng voluntsors have not bean able to commiL Para 1.38 Contribution made by volunteers lan Croft 24 hours Phillip White 85 hours Hollie Hooper 182 hours Faith Smith 24 hours Other Achievements and Performance SORP feferen The COVID pandemic has continued to be a difficult time for the charity, especially as rnstrictions on opening to tho public havo occurred multiple times. We have faced further restrlctlons belng mostly indoors and continue to limit the numbor of visitors wo all¢)w to visiL Summary of the main achievements of the charity, identifying the differen￿ the ¢harity's work has made to the ¢ir¢umstances of tts beneficiaries and any wider benefits to society as a whole. Para 1.20 A full review of Current livestock and the collection plan was conducted to try and find areas to save money. Following this revlew, the decision was made to move 18% of the livestock from the ¢ollection. This was complete by the end of the perlod. Other achievements in¢ludg: 1. Contlnued to donate fertll8 crocodilè èggs to Imperial college and Natural hlstory museum ft>r research on embryo developmenL 2. 7 resèarch projects Completed by students from the following Instltutlons Abarystwyth university Nature metrics Canterbury unlverslty Hartpury univorslty Duchy college Cornwall Winchestsr university Sparshott 3. £1000.00 donated to Komodo survival program 4. £308 donated to Galapagos Conservation Trust Addltional infomiation {optional) You ma choose to include further statements vthere relevant aboLrt'. Achievements against objectives set Para 1.41 Fundrassing activities continued this year although were not as successful as the previous year. We w•re not èligiblo for th• Governments Emergency Zoo fund because we didn't meet the financlal criterla of being in our last 12 weeks of reserves. Performance of fundraising activities against objectives set PA￿141 Investment performan against objectives Para 1.41 Other Financial Review Review of the charity's financial posiiion at the end of the eriod Statement explaining the policy for holding reseNes statin are held Amount of rese￿eS held Reasons for holding zero reserves Details of fund materially in deficit Explanation of any uncertainties about the charity continuing as a goir conc&m Para 1.21 We have taken a substantlal flnanclal blow due to the COVID pandemic. Further cuts have been made. To keep sufficient reserves to maintain objectlves for at least 12 months Para 1.2Z Para 1.22 Para 1.22 Pafa 1.24 nla Para f.23 Further Government lockdowns are real ¢onGern for the future of the Charity. Additional infomiation loptionall You ma choose to include further statements where relevant about: The charity's principal sources of funds (including any fundraising) Para 1.47 Investment policy and objectives including any social investment policy adopted Par¥ 1.46 Closure of the zoo to visitors due to the COVID pandemlc A description of the principal risks facin the chari Para 1.46 Other Structure, Governance and Management D8SCriPtion of charity's trusts: Type of goveming document Para 1.25 Memorandum of artlcles and association Llmlted company by guarantee How is the charity constituted? Para 1.25 Ir2tAA Trustee seledion methc*Js including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees Para 1.25 Elected Addltlonal Infom7atlon Ioptlonal) You ma choose to include further statements vthere relevant about.. Policies and procedures adopted for the induction and Iraining of trustees Para 1.51 The charity's organisational structure and any wider nelwork with which the charity works Para 1.51 Relationship with any related parties Para 1.51 Other Reference and Administrative details Cha name other name the cha uses istered chari numter Charity's principal address The Crocodiles of the World Foundation 1153303 Burford Road 8rize Norton Oxon OX18 3NX Nam08 of the charity trustees who manage thè charity Datrs actsd If not for whole TnBtsg name Offi¢9 lif any) Name of pervjn lor body) entSded ifan Steve Foggett Nick Wells Chris Hoyles 10 12 13 14 15 16 17 18 19 20 rate trustees - names of the directors at the date th8 re Dlrector name rtwasa roved Name of trustees holding title to property belongin9 to the charty Trustee nam• Datas a¢tsd W not fort*Jh¢>lo ar Funds held as custodian trustees on behalf of others Description of the asset8 nla held in this capacrty Name and objecls of the charity on wthose behalf the assets are held and how this falls within the custodian charity's objects nla Details of arrangements for safe custody and segregation of such assets from the charivs own assets nla Additional infomiation (optional) Names and addresses of advlsers (Optlonal Infomiation) Type of Name Address adviser Name of chlef executlve or namos of senlor staff members (Optlonal Inforniatlon) Exemptions from disclosure Reason for noTrdisdosure of ke ersonnel details Other o tional information Declarations The trustees declare that they have approved the trustees, report above. Signed on behalf of the charity, Signaturels) Full name(s) Position (eg Secretary. Chalr, etc) qq Date Charity number: 1153303 Company number: 08304958 (England and Wales) Crocodiles of the World Foundation Ltd Report of the Trustees and Unaudited Financial Statements For the year ended 30 June 2021 Crocodiles of the World Foundation Ltd Contents Page For the year ended 30 June 2021 |Report of the Trustees|1| |---|---| |Independent Examiner's Report to the Trustees|2| |Statement of Financial Activities|3| |Statement of Financial Position|4| |Notes to the Financial Statements|5 to 10| |Detailed Statement of Financial Activities|11| Crocodiles of the World Foundation Ltd Report of the Trustees For the year ended 30 June 2021 The Trustees, who are also directors for the purposes of company law, have pleasure in presenting their report and the financial statements for the charitable company for the year ended 30 June 2021. The Trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102) (effective 1 January 2019). ## **OBJECTIVES AND ACTIVITIES** ## **Objectives and aims** The trustees have considered the Charity Commision's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'. ## **REFERENCE AND ADMINISTRATIVE INFORMATION** **Name of Charity** Crocodiles of the World Foundation Ltd **Charity registration number** 1153303 **Company registration number** 08304958 **Principal address** Foxburry Farm Burford Road Oxon OX18 3NX **Registered address** Angel House Hardiwck Witney Oxon OX29 7QE ## **Trustees** The trustees and officers serving during the year and since the year end were as follows: Mr Stephen Foggett Mr Chris Hoyles Mr Nicholas Wells **Independent examiner** Snedkers Accountancy Services Ltd Angel House Hardwick Witney Oxon OX29 7QE Approved by the Board of Trustees and signed on its behalf by ............................................................................. Mr Stephen Foggett 30 March 2022 1 of 11 Crocodiles of the World Foundation Ltd Independent Examiners Report to the Trustees For the year ended 30 June 2021 I report to the trustees on my examination of the accounts of the charitable company for the year ended 30 June 2021. ## **Responsibilities and basis of report** As the charity Trustees, who are also directors for the purposes of company law, are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. ## **Independent examiners statement** Since the Charitable company’s gross income exceeded £250,000, your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination by virtue of my membership of , which is one of the listed bodies. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination; or 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Snedkers Accountancy Services Ltd Angel House Hardwick Witney Oxon OX29 7QE 30 March 2022 2 of 11 ## Crocodiles of the World Foundation Ltd ## Statement of Financial Activities (including Income and Expenditure Account) For the year ended 30 June 2021 |**Notes**
**Income and endowments from:**
Donations and legacies
2
Charitable activities
3
**Total**
**Expenditure on:**
Charitable activities
4/5
**Total**
**Other recognised gains/losses**
Gains/(losses) on revaluation of
fixed assets
**Net movement in funds**
**Reconciliation of funds**
Total funds brought forward
**Total funds carried forward**|**Unrestricted**
**funds**
**£**
42,010
790,773
**832,783**
(720,006)
**(720,006)**
(81,220)
**31,557**
620,168
**651,725**|**2020**
**£**
-
677,399| |---|---|---| |||**677,399**| |||(653,650)| |||**(653,650)**| |||-| |||**23,749**| |||596,420| |||**620,169**| 3 of 11 Registered Number : 08304958 Crocodiles of the World Foundation Ltd Statement of Financial Position As at 30 June 2021 |**Notes**
**Fixed assets**
Tangible assets
9
**Current assets**
10
Debtors
Cash at bank and in hand
**Creditors: amounts falling due within one year**
11
**Net current assets**
**Total assets less current liabilities**
**Creditors: amounts falling due after more than one year**
12
**Net assets**
**The funds of the charity**
Unrestricted income funds
13
**Total funds**|**£**
**2021**
283,674
**283,674**
162,826
370,054
**532,880**
(149,733)
**383,147**
**666,821**
(15,096)
**651,725**
651,725
**651,725**|**£**
**2020**
480,010| |---|---|---| |||**480,010**| |||38,154
204,867| |||**243,021**| |||(102,862)
**140,159**| |||**620,169**| |||-| |||**620,169**| |||620,169| |||**620,169**| For the year ended 30 June 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. - The members have not required the company to obtain an audit of its accounts for the year in question in - accordance with section 476, - The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to - accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime. The financial statements were approved and authorised for issue by the Board and signed on its behalf by: Mr Stephen Foggett Trustee 30 March 2022 4 of 11 ## Crocodiles of the World Foundation Ltd Notes to the Financial Statements For the year ended 30 June 2021 ## **1. Accounting Policies** ## **Basis of accounting** The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: 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) (effective 1 January 2019)’, Financial Reporting Standard 102 the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), and the Companies Act 2006. Crocodiles of the World Foundation Ltd meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s). ## **Incoming resources** All incoming resources are included in the statement of financial activities when the Charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income: ## **Resources expended** Liabilities are recognised as resources expended when there is a legal or constructive obligation committing the Charity to the expenditure: ## **Charitable activites** Aiding Crocodile Conservation ## **Allocation and appointment of costs** ## **Tangible fixed assets** Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: ## **2. Income from donations and legacies** |**Unrestricted funds**
Grants received|**2020**
**2021**
**£**
**£**
-
42,010
**-**
**42,010**| |---|---| 5 of 11 Crocodiles of the World Foundation Ltd Notes to the Financial Statements Continued For the year ended 30 June 2021 ## **3. Income from charitable activities** |**Unrestricted funds**
_Aiding Crocodile_
_Conservation_
Income
Donations
Gift Aid Reclaimed from
HMRC
Income from Renewable
Heat Incentive
**osts of charitable activities by fund type**
**Unrestricted funds**
Aiding Crocodile
Conservation
**osts of charitable activities by activity type**
**Activities undertaken directly**
Aiding Crocodile
Conservation
**et income/(expenditure) for the year**
This is stated after charging/(crediting):
Depreciation of owned fixed assets|**2021**
**£**
586,243
85,287
76,722
42,521
**790,773**
**790,773**
**2021**
**£**
720,006
**2021**
**£**
720,006
**2021**
**£**
155,826|**2020**
**£**
515,182
67,927
94,290
-| |---|---|---| |||**677,399**| |||**677,399**| |||**2020**
**£**
653,650
**2020**
**£**
653,650
**2020**
**£**
99,292| ## **4. Costs of charitable activities by fund type** ## **5. Costs of charitable activities by activity type** ## **6. Net income/(expenditure) for the year** 6 of 11 ## Crocodiles of the World Foundation Ltd Notes to the Financial Statements Continued For the year ended 30 June 2021 ## **7. Staff costs** Total staff costs for the year ended 30 June 2021 were: |Salaries and wages
Zoo Staff|**2021**
**£**
207,604
**207,604**
**2021**
22
**22**|**2020**
**£**
239,171| |---|---|---| |||**239,171**| |||**2020**
18| |||**18**| ## **8. Comparative for the Statement of Financial Activities** The comparative year values on the Statement of Financial Activites are for unrestricted funds. ## **9. Tangible fixed assets** ||**Land and**|**Animals**|**Motor**|**Fixtures and**|| |---|---|---|---|---|---| |**Cost or valuation**|**buildings**||**vehicles**|**fittings**|**Total**| ||**£**|**£**|**£**|**£**|**£**| |At 01 July 2020|646,484|169,760|14,578|128,417|959,239| |Additions|4,291|27,256|8,394|769|40,710| |Revaluations|-|(81,220)|-|-|(81,220)| |At 30 June 2021|**650,775**|**115,796**|**22,972**|**129,186**|**918,729**| |**Depreciation**|||||| |At 01 July 2020|376,322|-|10,782|92,125|479,229| |Charge for year|137,227|6,287|3,047|9,265|155,826| |At 30 June 2021|**513,549**|**6,287**|**13,829**|**101,390**|**635,055**| |**Net book values**|||||| |At 30 June 2021|**137,226**|**109,509**|**9,143**|**27,796**|**283,674**| |At 30 June 2020|**270,162**|**169,760**|**3,796**|**36,292**|**480,010**| 7 of 11 Crocodiles of the World Foundation Ltd Notes to the Financial Statements Continued For the year ended 30 June 2021 ## **10. Debtors** |**Amounts due within one year:**
Trade debtors
Amounts due by group and associated undertakings
Prepayments and accrued income
**Creditors: amounts falling due within one year**
Loans and overdrafts
Trade creditors
Other creditors
Accruals and deferred income|**2021**
**£**
80,608
30,000
52,218
**162,826**
**2021**
**£**
50,000
19,480
46,633
33,620
**149,733**|**2020**
**£**
38,154
-
-| |---|---|---| |||**38,154**| |||**2020**
**£**
50,000
23,348
29,514
-| |||**102,862**| ## **11. Creditors: amounts falling due within one year** The following liabilities disclosed under creditors falling due within one year are secured by the charity: |Hire purchase agreements|4,688|-| |---|---|---| ||**4,688**|**-**| |**Creditors: amounts falling due after more than one year**||| ||**2021**|**2020**| ||**£**|**£**| |Other creditors|15,096|-| ||**15,096**|**-**| ## **12. Creditors: amounts falling due after more than one year** |The following liabilities disclosed under creditors falling due after more than one year are secured by the
charity:
Hire purchase agreements
15,096
**15,096**|-| |---|---| ||**-**| 8 of 11 Crocodiles of the World Foundation Ltd Notes to the Financial Statements Continued For the year ended 30 June 2021 ## **13. Movement in funds** ## **Unrestricted Funds** |_General_
General
**Unrestricted Funds - Previous year**
_General_
General|**Balance at**
**01/07/2020**
**£**
620,168
**620,168**
**Balance at**
**01/07/2019**
**£**
596,420
**596,420**|**Incoming**
**resources**
**£**
832,783
**832,783**
**Incoming**
**resources**
**£**
677,399
**677,399**|**Outgoing**
**resources**
**£**
(720,006)
**(720,006)**
**Outgoing**
**resources**
**£**
(653,650)
**(653,650)**|**Gains and**
**losses**
**£**
(81,220)
**(81,220)**
**Gains and**
**losses**
**£**
-
**-**|**Balance at**
**30/06/2021**
**£**
651,725| |---|---|---|---|---|---| ||||||**651,725**| ||||||**Balance at**
**30/06/2020**
**£**
620,169| ||||||**620,169**| ## **Purpose of unrestricted Funds** General Aiding of Crocodile Conservation ## **14. Analysis of net assets between funds** |**Analysis of net assets between funds**||||| |---|---|---|---|---| ||**Tangible**|**Net current**|**Creditors >**|**Net Assets**| ||**fixed assets**|**assets /**|**one year**|| |||**(liabilities)**||| ||**£**|**£**|**£**|**£**| |**Unrestricted funds**||||| |_General_||||| |General|283,674|383,147|(15,096)|651,725| ||**283,674**|**383,147**|**(15,096)**|**651,725**| 9 of 11 ## Crocodiles of the World Foundation Ltd Notes to the Financial Statements Continued For the year ended 30 June 2021 ## **Previous year** |**Previous year**||||| |---|---|---|---|---| ||**Tangible**|**Net current**|**Creditors >**|**Net Assets**| ||**fixed assets**|**assets /**|**one year**|| |||**(liabilities)**||| ||**£**|**£**|**£**|**£**| |**Unrestricted funds**||||| |_General_||||| |General|480,010|140,159|-|620,169| ||**480,010**|**140,159**|**-**|**620,169**| 10 of 11 ## Crocodiles of the World Foundation Ltd Detailed Statement of Financial Activities For the year ended 30 June 2021 |**INCOME AND ENDOWMENT**
**Donations and legacies**
Grants receivable
**Charitable activities**
Income
Donations
Gift Aid Reclaimed from HMRC
Income from charitable activities
**Total incoming resources**
**EXPENDITURE**
**Charitable activities**
Cost of direct charitable activity
**Total resources expended**
**NET EXPENDITURE BEFORE GAINS AND LOSSES**
**Other recognised gains and losses**
Gains/(loss) on revaluation of tangible fixed
assets for charity's own use
**Net expenditure before gains and losses**
**Net Income**|**£**
**2021**
42,010
**42,010**
586,243
85,287
76,722
42,521
**790,773**
**832,783**
(720,006)
**(720,006)**
**(720,006)**
(81,220)
**(81,220)**
**(81,220)**
**31,557**|**£**
**2020**
-| |---|---|---| |||**-**
515,182
67,927
94,290
-| |||**677,399**| |||**677,399**
(653,650)| |||**(653,650)**| |||**(653,650)**
-| |||**-**| |||**-**| |||**23,749**| 11 of 11 This page does not form part of the statutory financial statements ## ##