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TPZG01-Charity accounts
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IP Address: 78.129.212.109
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REGISTERED CHARITY NUMBER: 1162135
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2021
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 2021
|
Page |
Report of the Trustees |
1 to 4 |
Independent Examiner's Report |
5 |
Statement of Financial Activities |
6 |
Statement of Financial Position |
7 |
Statement of Cash Flows |
8 |
Notes to the Statement of Cash Flows |
9 |
Notes to the Financial Statements |
10 to 16 |
Detailed Statement of Financial Activities |
17 to 18 |
THE PARROT ZOO TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2021
Thetrusteespresenttheirreportwiththefinancialstatementsofthecharityfortheyearended30June2021. 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
In2019theParrotZooTrustcommencedconstructionofthenewsensoryenclosureforthe'Nigel'ourmuch loved
Puma who has a debilitatingeye disorder.The enclosurewill offer Nigel a continuedhighqualityof life shouldhe lose
hisvisionfully.Sadlythisenclosurehadtobeputonholdatthelatterstagesofcompletionduetotheworld wide
pandemic. Building work recommenced after the year end and is due for completion before the end of 2021.
The ParrotZoo Trusttookchargeof a spectacularpairof whitelionsthatneededsanctuary,due to 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
hometo over1,000turtlesin orderto preventthem frombeingabandonedin the manypondsandlakesaround 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.
Page 1
THE PARROT ZOO TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2021
FINANCIAL REVIEW
Reserves policy
Thetrust’sreservespolicyhasbeensettoensureweareabletodeliveronit’sobjectives.Thepolicyensures the
trust’sworkisprotectedfromtheriskofdisruptionatshortnoticeduetoalackoffunds,whilstatthesame time
ensuring it does not retain income for longer than required.
The trustees have calculated an appropriate reserves range for the trust of £1,800,000 to
£2,750,000 or 2 to 3 years expenditure.
Reserves range |
£ |
Minimum level |
1,800,000 |
Range |
950,000 |
Maximum level |
2,750,000 |
Reserves
The CharityCommission'sCC19 guidancestates: "There is no single level or even a range of reserves that is right for all
charities.Anytargetsetbytrusteesforthelevelofreservestobeheldshouldreflecttheparticularcircumstances of
theindividualcharity.Todothis,trusteesneedtoknowwhythecharityshouldholdreservesand,having identified
those needs, the trustees should consider how much should be held to meet them".
ThispolicysetsouttheTrust'sfreereserves,whicharedefinedasunrestrictedfunds,excludingfixedassets and
definedbenefitpensions.These free reserves includeshortterm investmentbalances,cash, and other working capital
balances.
As part of effective financial management, the Trust holds reserves to ensure it can manage:
Financialimpactof risk - There are a rangeof risksthe Trustfaces,includingthe risk of an unforeseendropin income
or unbudgeted increases in expenditure.
Workingcapital-AsignificantproportionoftheTrust'sreservesarerepresentedbynon-cashassetsand liabilities
such as accrued legacy income, other debtors and stock. These reserves are not readily available.
Financial impact of risk
Toensurethatthere'snosignificantdisruptiontotheTrust'scharitableactivities,holdingappropriatereserves will
enabletheTrusttorespondtoanyunforeseenreductioninincome(forexamplewhenincomedoesnot reach
expected levels); or additional expenditure (for example when projects overrun or unplanned events occur).
TheTrusteeshavebasedtheirprojectionsfortheappropriateamountofreservesrequiredonthebasisthat the
reserves in the target range would provide short-term stability until long-term solutions can be established.
A detailedreviewofthefinancialriskstheTrustfacesismonitoredonanongoingbasis,andtheassessmentson the
possible financial impact of those risks have been incorporated into the reserves range that have been calculated.
Working capital
Free reserves includeboth cash and investments,which are immediatelyavailable;and other workingcapital balances
(includingaccruedlegacyincome,otherdebtorsandstock).Workingcapitalrepresentsasignificantelementof the
Trustsreserves,butnotallofthesebalancesareimmediatelyavailable.Forexample,itcantakeupto30days to
collect cash from trade debtors.
Levels of workingcapitalcan vary materiallyfrom year to year and are thereforeregularlyreviewedand monitored to
determine the level to be incorporated in the reserves range.
Commitments and long-term plans
Page 2
THE PARROT ZOO TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2021
Commitmentsand long-termplansnot alreadyreflectedin plansand budgetsare also evaluatedon an ongoing basis.
The Trustees do not believe there is any need to make further provision for such items.
Long-term commitments
There is no current requirement to make allowance within the reserves range for future plans and commitments.
Althoughthe Trusthaslong-termfinancialcommitmentswithourstaffandoperatingleases,thesecommitments will
be funded exclusively through future cash inflows.
Futureexpenditurewillbesetinlinewithfutureincome,andthereforespecificlong-termfundshavenotbeen set
aside within reserves.
Target range for reserves
Thetargetrangeissetat£950,000abovetheminimumlevelandequatestoapproximately100%ofannual general
funds expenditure.
TheBoardofTrusteesconsiderthatthistargetrangeprovidessufficientflexibilityinthecontextof operational
requirements, and for an organisation of our size and complexity.
Duetothesizeandnatureoflegacies,whichformpartoftheTrust'sincome,thisrangemaybeexceededfor short
periods. Unexpected legacies will be utilised in pursuance of the Trust's objectives as soon as possible.
Responsibilities
The Boardof Trusteesare responsibleforensuringthatwe manageourresourcesresponsibly,andthatwe actin the
bestinterestsoftheTrust.TheBoardhasresponsibilityforapprovingandmonitoringtheimplementationof this
policy.
Laws and regulations
Asaregisteredcharity,theTrustisrequiredtomeetrelevantlegalandregulatoryrequirementsandhaveaduty to
apply charitable funds within a reasonable period of time in pursuing its objectives.
This policy sets out the frameworkthe Trust has in place to confirm the level of reserves the Trustees have determined
is appropriate for the Trust, and draws upon guidance such as the Charities Commission's CC19.
Monitoring and compliance
Reserveslevelsandforecastswillbemonitoredaspartofmonthlycorporatefinancialreportingwithregular reports
provided to the Board of Trustees.
Review and maintenance
This policy is due to be reviewed.
Thenetdeductiontothefundsfortheperiodamountedto£16,178(2020:additionof£1,495,352).Ofthis amount
£3,909(2020:£Nil)arefundadditionsattributabletorestrictedactivitiesand£20,087aredeductions attributable
from unrestricted funds (2020 attributed to funds £1,495,352).
Page 3
THE PARROT ZOO TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2021
FUTURE PLANS
Wild4Learningisanambitiousplanthatthecharity'sC.E.Ohasbeendreamingaboutforanumberofyears, the
uniquefacilitywill hold many species of animal in a temperaturecontrolledenvironmentthat school childrenwill have
closeupandpersonalcontactwith.InitialplanshavebeensubmittedforapprovalbyourarchitectsNeil Dowlman
Architecture.
Therearealsoplanstoenhancethesupportforthementalhealthandwellbeingofthegeneralpublicwith the
creation on a peaceful plot and a "gardeners shed" for people to enjoy and boost their well-being.
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 2.
TheTrusteesareputupforre-electioneverythreeyearsattheannualgeneralmeeting.Anycasualvacanciescan be
filled by co-option.
The Trustees are involved in the day to day management of the wildlife park alongside an office manager.
Executive Committee meetings are held quarterly through the year.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1162135
Principal address
Dickon Hill Road
Friskney
Lincolnshire
PE22 8PP
Trustees
T Bates
I Staples
Ms S Genney
D Kime (appointed 18.5.21)
Ms A Dobson (appointed 18.5.21)
Independent Examiner
P N McCooey FCA
Institute of Chartered Accountants in Ireland
Duncan & Toplis Limited
27-29 Lumley Avenue
Skegness
Lincolnshire
PE25 2AT
Approved by order of the board of trustees on 22 March 2022 and signed on its behalf by:
D Kime - Trustee
Page 4
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 2021.
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 in 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.
P N McCooey FCA
Institute of Chartered Accountants in Ireland
Duncan & Toplis Limited
27-29 Lumley Avenue
Skegness
Lincolnshire
PE25 2AT
22 March 2022
Page 5
THE PARROT ZOO TRUST
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2021
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
Charitable activities
4
Charitable activities
Investment income
3
Other income
Total
EXPENDITURE ON
Charitable activities
5
Charitable activities
NET INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD |
Unrestricted
fund
£
839,446
15,411
34
74,304
929,195
958,326
(29,131)
2,027,656
1,998,525 |
Restricted
fund
£
12,959
-
-
-
12,959
9,050
3,909
-
3,909 |
2021
Total
funds
£
852,405
15,411
34
74,304
942,154
967,376
(25,222)
2,027,656
2,002,434 |
2020
Total
funds
£
2,181,382
39,525
-
32,810 |
|
|
|
|
2,253,717
758,365 |
|
|
|
|
1,495,352
532,304 |
|
|
|
|
2,027,656 |
The notes form part of these financial statements
Page 6
THE PARROT ZOO TRUST
STATEMENT OF FINANCIAL POSITION 30 JUNE 2021
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
Restricted funds
TOTAL FUNDS |
Unrestricted
fund
£
1,146,366
10,000
264,894
785,855
1,060,749
(208,590)
852,159
1,998,525
1,998,525 |
Restricted
fund
£
-
-
-
3,909
3,909
-
3,909
3,909
3,909 |
2021
Total
funds
£
1,146,366
10,000
264,894
789,764
1,064,658
(208,590)
856,068
2,002,434
2,002,434
1,998,525
3,909
2,002,434 |
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 |
|
|
|
|
|
The financialstatementswere approvedand authorisedfor issue by the Boardof Trustees and authorisedfor issue on
22 March 2022 and were signed on its behalf by:
D Kime - Trustee
The notes form part of these financial statements
Page 7
THE PARROT ZOO TRUST
STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 JUNE 2021
Notes
Cash flows from operating activities
Cash generated from operations
1
Net cash provided by operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Interest received
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 |
2021
£
632,170
632,170
(422,455)
34
(422,421)
209,749
580,015
789,764 |
2020
£
663,783
663,783
(113,020)
-
(113,020)
550,763
29,252
580,015 |
|
|
|
The notes form part of these financial statements
Page 8
THE PARROT ZOO TRUST
NOTES TO THE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 JUNE 2021
1. RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
Net (expenditure)/income for the reporting period (as per the
Statement of Financial Activities)
Adjustments for:
Depreciation charges
Interest received
Decrease/(increase) in debtors
Increase/(decrease) in creditors
Net cash provided by operations |
2021
£
(25,222)
13,001
(34)
558,796
85,629
632,170 |
2020
£
1,495,352
5,855
-
(812,848)
(24,576) |
|
|
663,783 |
2. ANALYSIS OF CHANGES IN NET FUNDS
|
At 1.7.20 |
Cash flow |
At 30.6.21 |
|
£ |
£ |
£ |
Net cash |
|
|
|
Cash at bank and in hand |
580,015 |
209,749 |
789,764 |
|
580,015 |
209,749 |
789,764 |
Total |
580,015 |
209,749 |
789,764 |
The notes form part of these financial statements
Page 9
THE PARROT ZOO TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2021
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
Thefinancialstatementsof thecharity,whichis a publicbenefitentityunderFRS 102,havebeenprepared in
accordancewiththeCharitiesSORP(FRS102)'AccountingandReportingbyCharities:Statement of
RecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththe Financial
ReportingStandardapplicableintheUKandRepublicofIreland(FRS102)(effectiveJanuary2019)', 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.
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 and 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.
Hire purchase and leasing commitments
Rentalspaidunderoperatingleases are chargedto the Statementof FinancialActivitieson a straightline basis
over the period of the lease.
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 10
THE PARROT ZOO TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2021
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.
INVESTMENT INCOME
Interest receivable
4.
INCOME FROM CHARITABLE ACTIVITIES
Activity
Experiences
Charitable activities
5.
CHARITABLE ACTIVITIES COSTS
Charitable activities
6.
SUPPORT COSTS
Management
£
Charitable activities
441,716 |
Direct
Costs
£
466,182
Finance
£
7,282 |
|
|
|
|
continued...
Page 11
THE PARROT ZOO TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2021
7. TRUSTEES' REMUNERATION AND BENEFITS
Therewerenotrustees'remunerationorotherbenefitsfortheyearended30June2021norforthe year
ended 30 June 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 30 June 2021 nor for the year ended 30 June 2020.
8. STAFF COSTS
Wages and salaries
Social security costs
Other pension costs
The average monthly number of employees during the year was as follows:
Staff
No employees received emoluments in excess of £60,000. |
|
2021
£
349,778
21,495
6,355
377,628
2021
19 |
|
2020
£
292,312
21,306
5,382 |
|
|
|
|
319,000 |
|
|
|
|
2020
16 |
9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
INCOME AND ENDOWMENTS FROM
Donations and legacies
Charitable activities
Charitable activities
Other income
Total
EXPENDITURE ON
Charitable activities
Charitable activities
NET INCOME
RECONCILIATION OF FUNDS
Total funds brought forward |
Unrestricted
fund
£
2,181,382
39,525
32,810
2,253,717
758,365
1,495,352
532,304 |
Restricted
fund
£
-
-
-
-
-
-
- |
Total
funds
£
2,181,382
39,525
32,810 |
|
|
|
2,253,717
758,365 |
|
|
|
1,495,352
532,304 |
continued...
Page 12
THE PARROT ZOO TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2021
9.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
TOTAL FUNDS CARRIED FORWARD
10.
TANGIBLE FIXED ASSETS
Freehold
property
£
COST
At 1 July 2020
-
Additions
244,864
At 30 June 2021
244,864
DEPRECIATION
At 1 July 2020
-
Charge for year
-
At 30 June 2021
-
NET BOOK VALUE
At 30 June 2021
244,864
At 30 June 2020
-
11.
STOCKS
Stocks
12.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other debtors
VAT
Prepayments |
- |
continued
Unrestricted
fund
£
2,027,656
Animal
Buildings
and
Enclosures
£
707,814
117,706
825,520
-
-
-
825,520
707,814 |
|
|
Restricted
fund
£
-
Plant and
machinery
£
48,049
59,885
107,934
18,951
13,001
31,952
75,982
29,098
2021
£
10,000
2021
£
4,812
-
260,082
264,894 |
|
Total
funds
£ |
|
|
|
|
|
|
|
2,027,656 |
|
|
|
|
|
|
|
Totals
£
755,863
422,455
1,178,318
18,951
13,001
31,952
1,146,366
736,912
2020
£
10,000
2020
£
806,027
14,695
2,968
823,690 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
continued...
Page 13
THE PARROT ZOO TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2021
13.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
VAT
Other creditors
Accrued expenses
14.
MOVEMENT IN FUNDS
Unrestricted funds
General fund
Restricted funds
Restricted fund
TOTAL FUNDS
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Restricted funds
Restricted fund
TOTAL FUNDS
Comparatives for movement in funds
Unrestricted funds
General fund
TOTAL FUNDS |
At 1.7.20
£
2,027,656
-
2,027,656
Incoming
resources
£
929,195
12,959
942,154
At 1.7.19
£
532,304
532,304 |
|
|
|
|
|
|
|
|
|
|
continued...
Page 14
THE PARROT ZOO TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2021
14. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
TOTAL FUNDS |
Incoming
resources
£
2,253,717
2,253,717 |
Resources
expended
£
(758,365)
(758,365) |
Movement
in funds
£
1,495,352
1,495,352 |
|
|
|
|
A current year 12 months and prior year 12 months combined position is as follows:
Unrestricted funds
General fund
Restricted funds
Restricted fund
TOTAL FUNDS |
At 1.7.19
£
532,304
-
532,304 |
Net
movement
in funds
£
1,466,221
3,909
1,470,130 |
At
30.6.21
£
1,998,525
3,909 |
|
|
|
2,002,434 |
A currentyear12monthsandprioryear12monthscombinednetmovementinfunds,includedinthe above
are as follows:
|
Incoming |
Resources |
Movement |
|
resources |
expended |
in funds |
|
£ |
£ |
£ |
Unrestricted funds |
|
|
|
General fund |
3,182,912 |
(1,716,691) |
1,466,221 |
Restricted funds |
|
|
|
Restricted fund |
12,959 |
(9,050) |
3,909 |
TOTAL FUNDS |
3,195,871 |
(1,725,741) |
1,470,130 |
The restricted fund is in respect of 'Nigel' the Puma along with the National Turtle Sanctuary.
'Nigel'the Puma has a debilitatingeye disorder.The fund will be used specificallyto buildan enclosurefor him
which will offer Nigel a continued high quality of life should he lose his sight fully.
The NationalTurtleSanctuaryfundrepresentsmoniesreceivedfor the purposeof offeringa permanent home
to over 1,000 turtles in order to prevent them from being abandoned.
continued...
Page 15
THE PARROT ZOO TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2021
15. CONTINGENT LIABILITIES
Thereisanongoinglegalclaimagainstthecharity.Shouldtheclaimbesuccessfulthecharitymayhave a
liability of up to £80,000.
16. OTHER FINANCIAL COMMITMENTS
Attheendoftheyearthecharityhadtotalcommitmentsunderoperatingleasesof£300,000in equal
amounts over the next 6 years.
17. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 30 June 2021.
18. CONTINGENT ASSETS
The trustis due to inheritthe balanceof a large estate over the next coupleof years,the balanceof the legacy
amountis not confirmedyet and thereforeno provisionhas been made in the financialstatementsother than
what is known to be receivable.
Page 16
THE PARROT ZOO TRUST
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2021
INCOME AND ENDOWMENTS
Donations and legacies
Donations
Gift aid
Other income
Legacies
Investment income
Interest receivable
Charitable activities
Experiences
Other income
Grants received
Rent receivable
Total incoming resources
EXPENDITURE
Charitable activities
Wages
Social security
Pensions
Opening stock
Purchases
Medical fees
Subscriptions
Closing stock
Support costs
Management
Computer costs
Rent and rates
Insurance
Light and heat
Telephone
Postage and stationery
Carried forward |
2021
£
583,971
92,674
123,108
52,652
852,405
34
15,411
71,904
2,400
74,304
942,154
349,778
21,495
6,355
10,000
65,126
18,555
4,873
(10,000)
466,182
13,794
161,900
6,033
40,398
22,295
3,958
248,378 |
2020
£
402,520
121,529
57,333
1,600,000
2,181,382
-
39,525
32,810
-
32,810
2,253,717
292,312
21,306
5,382
10,000
59,383
12,500
-
(10,000)
390,883
-
123,775
7,756
16,905
4,840
2,310
155,586 |
|
|
|
This page does not form part of the statutory financial statements
Page 17
THE PARROT ZOO TRUST
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2021
Management
Brought forward
Advertising
Sundries
Motor expenses
Repairs and Renewals
Unrecoverable VAT
Computer costs
Depreciation of fixed assets
Finance
Bank charges
Bank interest
Governance costs
Accountancy fees
Legal and professional fees
Total resources expended
Net (expenditure)/income |
2021
£
248,378
15,722
4,237
6,146
69,113
85,119
-
13,001
441,716
7,282
-
7,282
11,819
40,377
52,196
967,376
(25,222) |
2020
£
155,586
27,129
2,153
6,025
75,947
39,440
6,722
5,855 |
|
|
318,857
4,882
1,679 |
|
|
6,561
11,405
30,659 |
|
|
42,064 |
|
|
758,365 |
|
|
1,495,352 |
This page does not form part of the statutory financial statements
Page 18