REGISTERED CHARITY NUMBER: 1162135
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2020
FOR
THE PARROT ZOO TRUST
Duncan & Toplis Limited
27-29 Lumley Avenue
Skegness
Lincolnshire
PE25 2AT
THE PARROT ZOO TRUST
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2020
|
Page |
Report of the Trustees |
1 to 2 |
Independent Examiner's Report |
3 |
Statement of Financial Activities |
4 |
Statement of Financial Position |
5 |
Statement of Cash Flows |
6 |
Notes to the Statement of Cash Flows |
7 |
Notes to the Financial Statements |
8 to 14 |
Detailed Statement of Financial Activities |
15 to 16 |
THE PARROT ZOO TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2020
Thetrusteespresenttheirreportwiththefinancialstatementsofthecharityfortheyearended30June2020. The
trusteeshaveadoptedthe provisionsof AccountingandReportingby Charities:Statementof Recommended Practice
applicableto charitiespreparingtheiraccountsin accordancewiththe FinancialReportingStandardapplicablein the
UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
The main objectives of the Parrot Zoo Trust are:
- To meet the needs of captive animals
-TooperateasLincolnshireWildlifeParkinordertoraisefundsfromourvisitorstomaintaintheupkeepof any
rescued creatures that are in their care either through feeding, medical, housing or staffing.
-Toraisefundsthroughourvisitorsthatallowstheundertakingofresearchandbreedinginorderto assist
endangered species in the wild..
-To assist in captive parrot conservation
-To promote awareness and conservation to the many threatened parrot species around the world
-To support conservation projects working with vulnerable species
-Toincreasenumbersofparrotssoastoenablecaptivesecurityforthecommonparrotalongsidethe more
endangered species already recognised in the parrot world.
-To maintain a partnership with the University of Lincoln in order to facilitate research.
ACHIEVEMENT AND PERFORMANCE
In2019theParrotZooTrust. Commencedconstructionofthenewsensoryenclosureforthe'Nigel'ourmuch loved
Puma who has a debilitatingeye disorder.The enclosurewill offer Nigel a continuedhighqualityof life shouldhe lose
hisvisionfully.Sadlythisenclosurehadtobeputonholdatthelatterstagesofcompletionduetotheworld wide
pandemic.
The ParrotZooTrusttookchargeof a spectacularpairof whitelionsthatneededsanctuarydueto the lions previous
lifestyleintroductiontothesanctuaryhadtobephasedastheydisplayedagoraphobicbehaviour,refusingto enter
openspaces,thisinmindthetrustreadjustedthedesignonNigel'ssensoryenclosureallowingafurther outdoor
facility to be constructed therefore offering the lions a secondary pen once they leave their introductory enclosure.
AlreadyhometotheNationalParrotSanctuaryandthelargestcollectionofBengalTigersintheUK,thecharity also
assisted the governmentand NaturalEnglandby creatingthe NationalTurtle Sanctuary,a facilityto offer a permanent
hometoover1000turtlesinordertopreventthemfrombeingabandonedinthemanypondsandlakesaround the
country which has the potential to is cause a severe problems to native flora and fauna,
Anewplayareawasdesignedandconstructed,offeringchildrenamodernsafeplayareaover100%larger than
previously
Earlyin 2020 the charitywas severelyaffectedby the worldwidepandemicmeaningwe hadto close the doorsto the
general public meaning a halt in funds.
Whiletheparkwasclosedthecharitytookfulladvantageandusedasmallamountofcapitalexpenditureto totally
revamp all pathways to the parrots making them both future proof and 100% disabled friendly.
FINANCIAL REVIEW
Thenetadditiontothefundsfortheperiodamountedto£1,495,352(2019:£143,902).Ofthisamount£Nil (2019:
£Nil)are attributableto restrictedactivitiesand£1,495,352are attributablefromunrestrictedfunds(2019 attributed
to funds £143,902).
FUTURE PLANS
Wild4Learningisanambitiousplanthatthecharity'sC.E.Ohasbeendreamingaboutforanumberofyears, the
uniquefacilitywill hold many species of animal in a temperaturecontrolledenvironmentthat school childrenwill have
closeupandpersonalcontactwith.InitialplanshavebeensubmittedforapprovalbyourarchitectsNeil Dowlman
Architecture.
Page 1
THE PARROT ZOO TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2020
STRUCTURE, GOVERNANCE AND MANAGEMENT
The organisation is a Charitable Incorporated Organisation (CIO) registered on 11 June 2015.
The organisation is governed by a constitution.
The membersof the ExecutiveCommitteeare the Trusteeforthe purposeof charitylaw andare collectively referred
to as the Trustees.
The Trustees have had due regards to guidance distributed by the Charity Commission on public benefit.
The Trustees who served during the period and up to the date of this report are set out on page 1.
The Trustees are elected annually at the annual general meeting. Any casual vacancies can be filled by co-option.
TheTrusteesareinvolvedinthedaytodaymanagementoftheservicealongsideanofficemanager. Executive
Committee meetings are held quarterly through the year.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1162135
Principal address
Dickonhill Road
Friskney
Lincolnshire
PE22 8PP
Trustees
W Roughton
T Bates
I Staples
Mrs S Savage
Independent Examiner
P N McCooey
Institute of Chartered Accountants Ireland
Duncan & Toplis Limited
27-29 Lumley Avenue
Skegness
Lincolnshire
PE25 2AT
Approved by order of the board of trustees on 27 September 2021 and signed on its behalf by:
T Bates - Trustee
Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
THE PARROT ZOO TRUST
Independent examiner's report to the trustees of The Parrot Zoo Trust
IreporttothecharitytrusteesonmyexaminationoftheaccountsofTheParrotZooTrust(theTrust)forthe year
ended 30 June 2020.
Responsibilities and basis of report
AsthecharitytrusteesoftheTrustyouareresponsibleforthepreparationoftheaccountsinaccordancewith the
requirements of the Charities Act 2011 ('the Act').
I reportinrespectof my examinationof theTrust'saccountscarriedoutundersection145of theActandin carrying
out my examinationI have followedall applicableDirectionsgiven by the CharityCommissionundersection 145(5)(b)
of the Act.
Independent examiner's statement
Since yourcharity'sgross incomeexceeded£250,000yourexaminermust be a member of a listedbody.I can confirm
thatIamqualifiedtoundertaketheexaminationbecauseIamaregisteredmemberofInstituteof Chartered
Accountants Ireland which is one of the listed bodies.
I havecompletedmyexamination.I confirmthatnomaterialmattershavecometomyattentioninconnection with
the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationtowhich attention
should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
A dispensationwasgrantedthisyearforthetrustonthe24thAugust2021.Theindependentexaminationhas taken
place instead of an audit.
P N McCooey
Institute of Chartered Accountants Ireland
Duncan & Toplis Limited
27-29 Lumley Avenue
Skegness
Lincolnshire
PE25 2AT
27 September 2021
Page 3
THE PARROT ZOO TRUST
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2020
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
Other trading activities
3
Other income
Total
EXPENDITURE ON
Raising funds
4
Other
Total
NET INCOME
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD |
Unrestricted
fund
£
2,181,382
39,525
32,810
2,253,717
755,278
3,087
758,365
1,495,352
532,304
2,027,656 |
Restricted
fund
£
-
-
-
-
-
-
-
-
-
- |
2020
Total
funds
£
2,181,382
39,525
32,810
2,253,717
755,278
3,087
758,365
1,495,352
532,304
2,027,656 |
2019
Total
funds
£
795,415
44,078
- |
|
|
|
|
839,493
695,591
- |
|
|
|
|
695,591 |
|
|
|
|
143,902
388,402 |
|
|
|
|
532,304 |
The notes form part of these financial statements
Page 4
THE PARROT ZOO TRUST
STATEMENT OF FINANCIAL POSITION 30 JUNE 2020
Notes
FIXED ASSETS
Tangible assets
10
CURRENT ASSETS
Stocks
11
Debtors
12
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
13
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
NET ASSETS
FUNDS
14
Unrestricted funds
TOTAL FUNDS |
Unrestricted
fund
£
736,912
10,000
823,690
580,015
1,413,705
(122,961)
1,290,744
2,027,656
2,027,656 |
Restricted
fund
£
-
-
-
-
-
-
-
-
- |
2020
Total
funds
£
736,912
10,000
823,690
580,015
1,413,705
(122,961)
1,290,744
2,027,656
2,027,656
2,027,656
2,027,656 |
2019
Total
funds
£
629,747
10,000
10,842
29,252
50,094
(147,537)
(97,443)
532,304
532,304
532,304
532,304 |
|
|
|
|
|
The financialstatementswere approvedand authorisedfor issue by the Boardof Trustees and authorisedfor issue on
27 September 2021 and were signed on its behalf by:
T Bates - Trustee
The notes form part of these financial statements
Page 5
THE PARROT ZOO TRUST
STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 JUNE 2020
Notes
Cash flows from operating activities
Cash generated from operations
1
Interest paid
Net cash provided by operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Net cash used in investing activities
Change in cash and cash equivalents in the
reporting period
Cash and cash equivalents at the beginning
of the reporting period
Cash and cash equivalents at the end of
the reporting period |
2020
£
665,462
(1,679)
663,783
(113,020)
(113,020)
550,763
29,252
580,015 |
2019
£
84,725
-
84,725
(78,923)
(78,923)
5,802
23,450
29,252 |
|
|
|
The notes form part of these financial statements
Page 6
THE PARROT ZOO TRUST
NOTES TO THE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 JUNE 2020
1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
Net income for the reporting period (as per the Statement of Financial
Activities)
Adjustments for:
Depreciation charges
Interest paid
Increase in stocks
Increase in debtors
Decrease in creditors
Net cash provided by operations |
2020
£
1,495,352
5,855
1,679
-
(812,848)
(24,576)
665,462 |
2019
£
143,902
4,390
-
(3,500)
(5,507)
(54,560) |
|
|
84,725 |
2. ANALYSIS OF CHANGES IN NET FUNDS
|
At 1.7.19 |
Cash flow |
At 30.6.20 |
|
£ |
£ |
£ |
Net cash |
|
|
|
Cash at bank and in hand |
29,252 |
550,763 |
580,015 |
|
29,252 |
550,763 |
580,015 |
Total |
29,252 |
550,763 |
580,015 |
The notes form part of these financial statements
Page 7
THE PARROT ZOO TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2020
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
Thefinancialstatementsof thecharity,whichis a publicbenefitentityunderFRS 102,havebeenprepared in
accordancewiththeCharitiesSORP(FRS102)'AccountingandReportingbyCharities:Statement of
RecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththe Financial
ReportingStandardapplicablein the UK and Republicof Ireland(FRS 102) (effective1 January2019)', Financial
ReportingStandard102 'The FinancialReportingStandardapplicablein the UK and Republicof Ireland'and the
Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Thefinancialstatementsfortheyearended30June2017arethefirstfinancialstatementsofTheParrot Zoo
Trust prepared in accordance with FRS102. There are no material adjustment on transition.
Income
All incomeis recognisedin the Statementof FinancialActivitiesoncethe charityhasentitlementto the funds,
it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommitting the
charitytothatexpenditure,itisprobablethatatransferofeconomicbenefitswillberequiredin settlement
andtheamountof theobligationcanbe measuredreliably.Expenditureis accountedforonanaccruals basis
andhas been classifiedunderheadingsthataggregateall costrelatedto the category.Wherecostscannot be
directlyattributedtoparticularheadingstheyhavebeenallocatedtoactivitiesonabasisconsistentwith the
use of resources.
Tangible fixed assets
Depreciationis providedat the followingannualrates in orderto write off each asset over its estimated useful
life.
Animal Buildings & Enclosures- not provided
Plant and machinery- 20% on reducing balance
NodepreciationisprovidedontheAnimalBuildingsandEnclosuresasthecharityhastheirownteam of
builders to maintain the building to the high standard required for the keeping of animals.
Stocks
Stocks are valued at the lower of cost or estimated selling price less the costs to sell.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthe charity.
Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Furtherexplanationofthenatureandpurposeofeachfundisincludedinthenotestothe financial
statements.
Pension costs and other post-retirement benefits
Thecharityoperatesadefinedcontributionpensionscheme.Contributionspayabletothecharity's pension
scheme are charged to the Statement of Financial Activities in the period to which they relate.
continued...
Page 8
THE PARROT ZOO TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2020
1. ACCOUNTING POLICIES - continued
Government grants
Governmentgrantsarerecognisedatthefairvalueoftheassetreceivedorreceivablewhenthere is
reasonableassurancethatthecompanywillcomplywithconditionsattachingtothemandthegrantswill be
received using the accrual model.
2. DONATIONS AND LEGACIES
Donations
Gift aid
Other income
Legacies
3.
OTHER TRADING ACTIVITIES
Experiences
4.
RAISING FUNDS
Raising donations and legacies
Staff costs
Support costs
Other trading activities
Opening stock
Purchases
Closing stock
Subscriptions
Interest payable and similar charges
Aggregate amounts |
2020
£
402,520
121,529
57,333
1,600,000
2,181,382
2020
£
39,525
2020
£
319,000
362,716
681,716
2020
£
10,000
70,810
(10,000)
1,073
1,679
73,562
755,278 |
|
2019
£
567,710
112,829
4,069
110,807
795,415
2019
£
44,078
2019
£
286,707
333,484
620,191
2019
£
6,500
77,529
(10,000)
1,371
-
75,400
695,591 |
|
|
|
|
|
|
|
|
continued...
Page 9
THE PARROT ZOO TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2020
5. SUPPORT COSTS
SUPPORT COSTS |
|
|
Management
£
Raising donations and legacies
315,770
Other resources expended
3,087
318,857 |
Governance
Finance
costs
£
£
4,882
42,064
-
-
4,882
42,064 |
Totals
£
362,716
3,087 |
|
|
365,803 |
6. TRUSTEES' REMUNERATION AND BENEFITS
Therewerenotrustees'remunerationorotherbenefitsfortheyearended30June2020norforthe year
ended 30 June 2019.
Trustees' expenses
There were no trustees' expenses paid for the year ended 30 June 2020 nor for the year ended 30 June 2019.
7. STAFF COSTS
STAFF COSTS |
|
|
Wages and salaries
Social security costs
Other pension costs |
2020
£
292,312
21,306
5,382
319,000 |
2019
£
265,726
17,557
3,424 |
|
|
286,707 |
The average monthly number of employees during the year was as follows:
No employees received emoluments in excess of £60,000.
8. EXCEPTIONAL ITEMS
The trust is due to inherita legacy over a number of years of which the final value has yet to be confirmed, this
year we have recognised £1,600,000 in the accounts of which £800,000 had been received by year end.
continued...
Page 10
THE PARROT ZOO TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2020
9.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
795,415
Other trading activities
44,078
Total
839,493
EXPENDITURE ON
Raising funds
695,591
NET INCOME
143,902
RECONCILIATION OF FUNDS
Total funds brought forward
388,402
TOTAL FUNDS CARRIED FORWARD
532,304
10.
TANGIBLE FIXED ASSETS
Animal
Buildings
& Enclosures
£
COST
At 1 July 2019
610,544
Additions
97,270
At 30 June 2020
707,814
DEPRECIATION
At 1 July 2019
-
Charge for year
-
At 30 June 2020
-
NET BOOK VALUE
At 30 June 2020
707,814
At 30 June 2019
610,544 |
Restricted
fund
£
-
-
-
-
-
-
-
Plant and
machinery
£
32,299
15,750
48,049
13,096
5,855
18,951
29,098
19,203 |
Total
funds
£
795,415
44,078
839,493
695,591
143,902
388,402
532,304
Totals
£
642,843
113,020
755,863
13,096
5,855
18,951
736,912
629,747 |
Total
funds
£
795,415
44,078 |
|
|
|
839,493
695,591 |
|
|
|
143,902
388,402 |
|
|
|
532,304 |
continued...
Page 11
THE PARROT ZOO TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2020
11.
STOCKS
Stocks
12.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Other debtors
VAT
Prepayments
13.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other creditors
Accrued expenses
14.
MOVEMENT IN FUNDS
Unrestricted funds
General fund
TOTAL FUNDS
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
TOTAL FUNDS |
At 1.7.19
£
532,304
532,304
Incoming
resources
£
2,253,717
2,253,717 |
2020
£
10,000
2020
£
6,027
800,000
14,695
2,968
823,690
2020
£
121,986
975
122,961
Net
movement
in funds
£
1,495,352
1,495,352
Resources
expended
£
(758,365)
(758,365) |
2019
£
10,000
2019
£
1,528
-
4,624
4,690
10,842
2019
£
142,247
5,290
147,537
At
30.6.20
£
2,027,656
2,027,656
Movement
in funds
£
1,495,352
1,495,352 |
|
|
|
|
continued...
Page 12
THE PARROT ZOO TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2020
14. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
Unrestricted funds
General fund
TOTAL FUNDS |
At 1.7.18
£
388,402
388,402 |
Net
movement
in funds
£
143,902
143,902 |
At
30.6.19
£
532,304 |
|
|
|
532,304 |
Comparative net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
TOTAL FUNDS |
Incoming
resources
£
839,493
839,493 |
Resources
Movement
expended
in funds
£
£
(695,591)
143,902
(695,591)
143,902 |
|
|
|
A current year 12 months and prior year 12 months combined position is as follows:
Unrestricted funds
General fund
TOTAL FUNDS |
At 1.7.18
£
388,402
388,402 |
Net
movement
in funds
£
1,639,254
1,639,254 |
At
30.6.20
£
2,027,656 |
|
|
|
2,027,656 |
A currentyear12monthsandprioryear12monthscombinednetmovementinfunds,includedinthe above
are as follows:
Unrestricted funds
General fund
TOTAL FUNDS |
Incoming
resources
£
3,093,210
3,093,210 |
Resources
expended
£
(1,453,956)
(1,453,956) |
Movement
in funds
£
1,639,254
1,639,254 |
|
|
|
|
continued...
Page 13
THE PARROT ZOO TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2020
15. OTHER FINANCIAL COMMITMENTS
At theendof theyearthecharityhadtotalcommitmentsunderoperatingleasesof £300,000overthenext 6
years.
16. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 30 June 2020.
17. CONTINGENT ASSETS
Thetrustisduetoinheritalargelegacyandhasreceived£800,000byyearendwithanother £800,000
recognisedas being due to the charityat year end. The finaltotalis at this stage unknownbut will be in excess
of the £1.6m so far recognised.
Page 14
THE PARROT ZOO TRUST
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2020
INCOME AND ENDOWMENTS
Donations and legacies
Donations
Gift aid
Other income
Legacies
Other trading activities
Experiences
Other income
Grants received
Total incoming resources
EXPENDITURE
Raising donations and legacies
Wages
Social security
Pensions
Other trading activities
Opening stock
Purchases
Medical Fees
Subscriptions
Bank interest
Closing stock
Support costs
Management
Rent and rates
Insurance
Light and heat
Telephone
Postage and stationery
Advertising
Sundries
Carried forward |
2020
£
402,520
121,529
57,333
1,600,000
2,181,382
39,525
32,810
2,253,717
292,312
21,306
5,382
319,000
10,000
59,383
11,427
1,073
1,679
(10,000)
73,562
123,775
7,756
16,905
4,840
2,310
27,129
2,153
184,868 |
2019
£
567,710
112,829
4,069
110,807
795,415
44,078
-
839,493
265,726
17,557
3,424
286,707
6,500
67,469
10,060
1,371
-
(10,000)
75,400
77,982
8,359
16,049
5,596
6,208
50,632
11,566
176,392 |
|
|
|
This page does not form part of the statutory financial statements
Page 15
THE PARROT ZOO TRUST
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2020
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 30 JUNE 2020 |
|
|
Management
Brought forward
Motor expenses
Repairs and Renewals
Unrecoverable VAT
Computer costs
Depreciation of fixed assets
Finance
Bank charges
Governance costs
Accountancy fees
Legal & Professional Fees
Total resources expended
Net income |
2020
£
184,868
6,025
75,947
39,440
6,722
5,855
318,857
4,882
11,405
30,659
42,064
758,365
1,495,352 |
2019
£
176,392
7,074
81,817
30,567
6,403
4,390 |
|
|
306,643
6,792
6,707
13,342 |
|
|
20,049 |
|
|
695,591 |
|
|
143,902 |
This page does not form part of the statutory financial statements
Page 16