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Please keep a copy of this document for your records. Duncan & Toplis Online Client Account is powered by IRIS OpenSpace. ``` 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 ```