OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2022-12-31-accounts

REGISTERED CHARITY NUMBER: 1162135

REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS

FOR THE PERIOD 1 JULY 2021 TO 31 DECEMBER 2022

FOR

THE PARROT ZOO TRUST

Dexter & Sharpe Chartered Certified Accountants The Old Vicarage Church Close Boston Lincolnshire PE21 6NA

THE PARROT ZOO TRUST

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE PERIOD 1 JULY 2021 TO 31 DECEMBER 2022

Page
Report of the Trustees 1 to 6
Independent Examiner's Report 7
Statement of Financial Activities 8
Balance Sheet 9
Cash Flow Statement 10
Notes to the Cash Flow Statement 11
Notes to the Financial Statements 12 to 20
Detailed Statement of Financial Activities 21 to 23

THE PARROT ZOO TRUST

REPORT OF THE TRUSTEES FOR THE PERIOD 1 JULY 2021 TO 31 DECEMBER 2022

The trustees present their report with the financial statements of the charity for the period 1 July 2021 to 31 December 2022. 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 Republic of Ireland (FRS 102) (effective 1 January 2019).

MISSION, VISION AND AIMS

The Mission, Vision and Aims of the Parrot Zoo Trust (revised September 2022) are as follows:

Mission

To create an inclusive and accessible sanctuary - a safe place for both animals and people, where every interaction provides an opportunity; making use of the environment to ignite learning and promote a wider understanding of animal welfare and the natural world to inspire future generations.

Vision

Aims

Page 1

THE PARROT ZOO TRUST

REPORT OF THE TRUSTEES

FOR THE PERIOD 1 JULY 2021 TO 31 DECEMBER 2022

ACHIEVEMENT AND PERFORMANCE

Throughout this financial period, whilst we have had much to celebrate, we have also faced many challenges, including the lasting impact of COVID – 19.

In June 2022 we launched the National Turtle Sanctuary, where we aim to provide a forever home for all abandoned turtles. The sanctuary has a number of purpose built pods to provide the turtles with the conditions they need to live healthy lives.

In the Autumn we had two significant events, the opening of the Peaceful plot, a place of sanctuary, not only for the hundreds of birds, but also for us. A place where memories past and present can inform our responses and our presence in the space.

Also, the launch of the Doris Johnson Peace of Mind Foundation, a Legacy fund where people who enjoy having a feathered friend in their home, and want the reassurance of a safe and caring place for when the time comes that being together is no longer possible.

Christmas 2022 had over 26,000 potential visitors trying to reserve complimentary places in the first 24 hours of launching the Christmas 2022 offer.

In 2022 the Parrot Zoo Trust opened the new enclosure - ‘Nigel’s’. Nigel is our much loved Puma who has a debilitating eye disorder. The enclosure offers Nigel a continued high quality of life should he lose his vision fully.

Taking full advantage of social media, we have also launched a new offer for our supporters. Regular live videos have enabled our supporters to experience the day to day life at the Park without having to be physically present. The Trust has also launched a subscription channel on Facebook which will provide subscribers with monthly offers and exclusive content.

Trustees have carried out a full review of the governance of the Board, to ensure the Trust remains Fit For Purpose. A renewed Mission, Vision and Aims were agreed and Trustees have complementary skill sets to support the Trust’s future sustainability.

FINANCIAL REVIEW

The Charity Commission guidance states: ‘There is no single level or even a range of reserves that is right for all charities. Any target set by trustees for the level of reserves to be held should reflect the particular circumstances of the individual charity’. The trustees of the Parrot Zoo understand why the charity should hold reserves and have had the opportunity to consider how much should be held to meet them.

RESERVES

Targets set by Trustees for the level of reserves to be held should reflect the particular circumstances of The Parrot Zoo Trust charity.

Page 2

THE PARROT ZOO TRUST

REPORT OF THE TRUSTEES FOR THE PERIOD 1 JULY 2021 TO 31 DECEMBER 2022

Reserves policy

The Trust’s Reserves Policy has been set to ensure we are able to deliver on its objectives. The Policy ensures the Trust’s work is protected from the risk of disruption at short notice due to a lack of funds, whilst at the same 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 Charity Commission's CC19 guidance states: "There is no single level or even a range of reserves that is right for all charities. Any target set by trustees for the level of reserves to be held should reflect the particular circumstances of the individual charity. To do this, trustees need to know why the charity should hold reserves and, having identified those needs, the trustees should consider how much should be held to meet them".

The Parrot Zoo Trust Policy sets out the Trust's free reserves, which are a detailed review of the financial risk the Trust faces. These are monitored on an ongoing basis. Assessments on the possible financial impact of those risks have been incorporated into the reserves range. The free reserves for 2022 were £134,587 (2021: £352,578)

Working capital

The Parrot Zoo Trust free reserves include both cash and investments, which are immediately available; and other working capital balances (including accrued legacy income, other debtors and stock). The Parrot Zoo Trust Working capital represents a significant element of the Trust’s reserves, but not all of these balances are immediately available. For example, it can take up to 30 days to collect cash from trade debtors.

The Parrot Zoo Trust levels of working capital can vary materially from year to year and are therefore regularly reviewed and monitored to determine the level to be incorporated in the reserves range.

Commitments and long-term plans

Commitments and long-term plans not already reflected in plans and budgets are also evaluated on 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.

Although the Trust has long-term financial commitments with our staff and operating leases, these commitments will be funded exclusively through future cash inflows.

Future expenditure will be set in line with future income, and therefore specific long-term funds have not been set aside within reserves.

Page 3

THE PARROT ZOO TRUST

REPORT OF THE TRUSTEES FOR THE PERIOD 1 JULY 2021 TO 31 DECEMBER 2022

Target range for reserves

The target range is set at £950,000 above the minimum level and equates to approximately 100% of annual general funds expenditure.

The Board of Trustees consider that this target range provides sufficient flexibility in the context of operational requirements, and for an organisation of our size and complexity.

Due to the size and nature of legacies, which form part of the Trust's income, this range may be exceeded for short periods. Unexpected legacies will be utilised in pursuance of the Trust's objectives as soon as possible.

Responsibilities

The Board of Trustees are responsible for ensuring that the Trust’s resources are managed responsibly, and that we act in the best interests of the Trust. The Board has responsibility for approving and monitoring the implementation of this Policy.

Laws and regulations

As a registered charity, the Trust is required to meet relevant legal and regulatory requirements and has a duty to apply charitable funds within a reasonable period of time in pursuing its objectives.

This Policy sets out the framework the 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

Reserves levels and forecasts will be monitored as part of monthly corporate financial reporting with regular reports provided to the Board of Trustees.

The net deduction to the funds for the period amounted to £369,470 (2021: a net deduction of £25,222). Of this amount £11,283 (2021: £3,909) are fund additions attributable to restricted activities and £380,753 (2021: £29,131) are deductions attributable from unrestricted funds.

FUTURE PLANS

Wild4Learning is an ambitious plan that the charity's C.E.O has been dreaming about for a number of years, the unique facility will hold many species of animals in a temperature controlled environment that school children will have close up and personal contact with. Initial plans have been submitted for approval by our architects Neil Dowlman. Work towards this aim is progressing with plans for development of the Trust’s Education Offer being formalised. Information gathered from evaluations will inform future funding applications for the Wild4Learning project.

Architecture

The Trust continues to develop its offer to enhance the support for the mental health and well being of the general public with the creation of the Peaceful Plot and a "gardeners shed" for people to enjoy and boost their well-being.

Toilets

Funding has been confirmed to install a Changing Places toilet at the Park, for use by people with physical needs. In addition funding has been raised for the complete refurbishment of the main toilets. Both these works are set to commence in 2023.

Page 4

THE PARROT ZOO TRUST

REPORT OF THE TRUSTEES FOR THE PERIOD 1 JULY 2021 TO 31 DECEMBER 2022

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 members of the Executive Committee are the Trustees for the purpose of charity law and are 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 elsewhere in this report

The Trustees are put up for re-election every three years at the Annual General Meeting. Any casual vacancies can be filled by co-option.

The Trustees are involved in the day to day management of the wildlife park alongside a Chief Executive Officer and two Zoo Managers. Executive Committee meetings are held quarterly through the year.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Charity number

1162135

Registered office

Lincolnshire Wildlife Park Dickon Hill Road Friskney Boston Lincolnshire PE22 8PP

Page 5

THE PARROT ZOO TRUST

REPORT OF THE TRUSTEES FOR THE PERIOD 1 JULY 2021 TO 31 DECEMBER 2022

Trustees

D Kime Mrs K Parsons (appointed 24.6.2022) Miss K Johnson (appointed 8.7.2022) J Roper (appointed 24.6.2022) Mrs P Batchelor (appointed 24.5.2022) W Downing (appointed 18.3.2022) Mrs A Dobson Miss S Genney I Staples (Resigned 14.1.2022) T Bates (Resigned 14.1.2022)

REFERENCE AND ADMINISTRATIVE DETAILS

Independent Examiner

Mrs Nicola Michelle Lenton F.C.C.A. Dexter & Sharpe Chartered Certified Accountants The Old Vicarage Church Close Boston Lincolnshire PE21 6NA

Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 21[st] April 2023 and signed on the board's behalf by:

KAREN PARSONS Chair

Page 6

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE PARROT ZOO TRUST

Independent examiner's report to the trustees of The Parrot Zoo Trust ('the Company')

I report to the charity trustees on my examination of the accounts of The Parrot Zoo Trust (the trust) for the period 1 July 2021 to 31 December 2022.

Responsibilities and basis of report

As the charity's trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the Trust’s accounts as 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 examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of F.C.C.A. 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:

  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 accounting requirements concerning the form and content of the 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; 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.

Mrs Nicola Michelle Lenton F.C.C.A. Dexter & Sharpe Chartered Certified Accountants The Old Vicarage Church Close Boston Lincolnshire PE21 6NA

Date: 21[st] April 2023

Page 7

THE PARROT ZOO TRUST

STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD 1 JULY 2021 TO 31 DECEMBER 2022

Unrestricted
fund
Notes
£
INCOME AND
ENDOWMENTS FROM
Donations and legacies
2
1,221,414
Charitable activities
Charitable Activities
74,007
Investment income
3
4,683
Total
1,300,104
EXPENDITURE ON
Charitable activities
5
Charitable Activities
1,703,358
NET
INCOME/(EXPENDITURE)
(403,254)
Transfers between funds
15
22,501
Net movement in funds
(380,753)
RECONCILIATION OF
FUNDS
Total funds brought forward
1,998,525
TOTAL FUNDS
CARRIED FORWARD
1,617,772		 Designated
Funds
£
-
-
-
-
27
(27)
27
-
-
-		 Restricted
Fund
£
41,042
-
-
41,042
7,231
33,811
(22,528)
11,283
3,909
**15,192 **		 Period
1.7.21
to
31.12.22
Total
funds
£
1,262,456
74,007
4,683
1,341,146
1,710,616
(369,470)
-
(369,470)
2,002,434
**1,632,964 **		 Year Ended
30.6.21
Total
funds
£
924,309
15,411
2,434
942,154
967,376
(25,222)
-
(25,222)
2,027,656
2,002,434

The notes form part of these financial statements

Page 8

THE PARROT ZOO TRUST

BALANCE SHEET 31 DECEMBER 2022

Unrestricted
fund
Notes
£
FIXED ASSETS
Tangible assets
11
1,149,292
CURRENT ASSETS
Stocks
12
50,000
Debtors
13
14,784
Cash at bank and in hand
480,770
545,554
CREDITORS
Amounts falling due within
one year
14
(77,074)
NET CURRENT ASSETS
468,480
TOTAL ASSETS LESS
CURRENT LIABILITIES
1,617,772
NET ASSETS
1,617,772
FUNDS
15
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Designated
Funds
£
-
-
-
-
-
-
-
-
-		 Restricted
Fund
£
-
-
-
15,192
15,192
-
15,192
15,192
15,192		 2022
Total
funds
£
1,149,292
50,000
14,784
495,962
560,746
(77,074)
483,672
1,632,964
1,632,964
1,617,772
15,192
1,632,964		 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

The financial statements were approved and authorised for issue by the Board of Trustees and authorised for issue on 21[st] April 2023 and were signed on its behalf by:

KAREN PARSONS Chair

The notes form part of these financial statements

Page 9

THE PARROT ZOO TRUST

CASH FLOW STATEMENT

FOR THE PERIOD 1 JULY 2021 TO 31 DECEMBER 2022

Notes
Cash flows from operating activities
Cash generated from operations
1
Net cash (used in)/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		 Period
1.7.21
to
Year Ended
31.12.22
30.6.21
£
£
(133,518)
632,170
(133,518)
632,170
(160,647)
(422,455)
363
34
(160,284)
(422,421)
(293,802)
209,749
789,764
580,015
495,962
789,764

The notes form part of these financial statements

Page 10

THE PARROT ZOO TRUST

NOTES TO THE CASH FLOW STATEMENT FOR THE PERIOD 1 JULY 2021 TO 31 DECEMBER 2022

1. RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES

Net expenditure for the reporting period (as per the Statement
of Financial Activities)
Adjustments for:
Depreciation charges
Interest received
Increase in stocks
Decrease in debtors
(Decrease)/increase in creditors
Net cash (used in)/provided by operations		 Period
1.7.21
to
31.12.22
£
(369,470)
157,721
(363)
(40,000)
250,110
(131,516)
**(133,518) **		 Year Ended
30.6.21
£
(25,222)
13,001
(34)
-
558,796
85,629
632,170

2. ANALYSIS OF CHANGES IN NET FUNDS

At 1.7.21 Cash flow At 31.12.22
£ £ £
Net cash
Cash at bank and in hand 789,764 (293,802) 495,962
Total 789,764 (293,802) 495,962

The notes form part of these financial statements

Page 11

THE PARROT ZOO TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD 1 JULY 2021 TO 31 DECEMBER 2022

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared 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' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property - Straight line over 10 years Plant and machinery - 20% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

continued...

Page 12

THE PARROT ZOO TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 1 JULY 2021 TO 31 DECEMBER 2022

1. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

2. DONATIONS AND LEGACIES

Gift aid
Legacies
Grants
Other income
HMRC CJRS
Donations
Donations - Turtles
Donations - Amazon Smile
Donations - Daily Sales
Donations - Peaceful Plot
Donations - Via Till
Donations - Entrance Tickets
Donations - Just Giving
Donations - School Visits
Donations - Sponsapoll
Donations - Changing Places		 Period
1.7.21
to
31.12.22
£
179,141
50,096
36,273
31,106
4,043
38,633
16,183
1,164
3,222
79
79,934
712,593
8,795
18,430
82,664
100
1,262,456		 Year Ended
30.6.21
£
92,674
52,652
71,904
123,108
-
583,971
-
-
-
-
-
-
-
-
-
-
924,309

Grants received, included in the above, are as follows:

Grants

Period
1.7.21
to Year Ended
31.12.22
30.6.21
£ £
36,273 71,904

continued...

Page 13

THE PARROT ZOO TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 1 JULY 2021 TO 31 DECEMBER 2022

3.
INVESTMENT INCOME
Rents received
Interest receivable
4.
INCOME FROM CHARITABLE ACTIVITIES
Activity
Experiences
Charitable Activities
5.
CHARITABLE ACTIVITIES COSTS
Charitable Activities
6.
SUPPORT COSTS
Management
£
Charitable Activities
729,426		 Direct
Costs
£
938,840
Finance
£
16,179		 Period
1.7.21
to
31.12.22
£
4,320
363
4,683
Period
1.7.21
to
31.12.22
£
74,007
Support
costs (see
note 6)
£
771,776
Governance
costs
£
26,171		 Year Ended
30.6.21
£
2,400
34
2,434
Year Ended
30.6.21
£
15,411
Totals
£
1,710,616
Totals
£
771,776

continued...

Page 14

THE PARROT ZOO TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 1 JULY 2021 TO 31 DECEMBER 2022

7. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

Depreciation - owned assets
Hire of plant and machinery
Other operating leases		 Period
1.7.21
to
Year Ended
31.12.22
30.6.21
£
£
157,721
13,001
13,660
-
8,039
13,794

8. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the period ended 31 December 2022 nor for the year ended 30 June 2021.

Trustees' expenses

There were no trustees' expenses paid for the period ended 31 December 2022 nor for the year ended 30 June 2021.

9. STAFF COSTS

Wages and salaries
Social security costs
Other pension costs		 Period
1.7.21
to
Year Ended
31.12.22
30.6.21
£
£
688,754
349,778
48,774
21,495
13,892
6,355
751,420
377,628

The average monthly number of employees during the period was as follows:

Period
1.7.21
to Year Ended
31.12.22
30.6.21
Staff 23 19

No employees received emoluments in excess of £60,000.

Page 15

continued...

THE PARROT ZOO TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 1 JULY 2021 TO 31 DECEMBER 2022

10.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
Designated
Restricted
fund
Funds
Fund
£
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
911,350
-
12,959
Charitable activities
Charitable Activities
15,411
-
-
Investment income
2,434
-
-
Total
929,195
-
12,959
EXPENDITURE ON
Charitable activities
Charitable Activities
958,326
-
9,050
NET INCOME/(EXPENDITURE)
(29,131)
-
3,909
RECONCILIATION OF FUNDS
Total funds brought forward
2,027,656
-
-
TOTAL FUNDS CARRIED
FORWARD
1,998,525
-
3,909		 Total
funds
£
924,309
15,411
2,434
942,154
967,376
(25,222)
2,027,656
2,002,434

Page 16

continued...

THE PARROT ZOO TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 1 JULY 2021 TO 31 DECEMBER 2022

11.
TANGIBLE FIXED ASSETS
Improvements
Freehold
to
property
property
£
£
COST
At 1 July 2021
244,864
825,520
Additions
-
142,318
At 31 December 2022
244,864
967,838
DEPRECIATION
At 1 July 2021
-
-
Charge for year
-
133,691
At 31 December 2022
-
133,691
NET BOOK VALUE
At 31 December 2022
244,864
834,147
At 30 June 2021
244,864
825,520
12.
STOCKS
Stocks
13.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other debtors
VAT
Prepayments and accrued income		 11.
TANGIBLE FIXED ASSETS
Improvements
Freehold
to
property
property
£
£
COST
At 1 July 2021
244,864
825,520
Additions
-
142,318
At 31 December 2022
244,864
967,838
DEPRECIATION
At 1 July 2021
-
-
Charge for year
-
133,691
At 31 December 2022
-
133,691
NET BOOK VALUE
At 31 December 2022
244,864
834,147
At 30 June 2021
244,864
825,520
12.
STOCKS
Stocks
13.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other debtors
VAT
Prepayments and accrued income		 Plant and
machinery
£
107,934
18,329
126,263
31,952
24,030
55,982
70,281
75,982
2022
£
50,000
2022
£
-
5,430
9,354
14,784		 Totals
£
1,178,318
160,647
1,338,965
31,952
157,721
189,673
1,149,292
1,146,366
2021
£
10,000
2021
£
4,812
-
260,082
264,894

continued...

Page 17

THE PARROT ZOO TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 1 JULY 2021 TO 31 DECEMBER 2022

14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade creditors
Social security and other taxes
Pension
VAT
Other creditors
Accrued expenses		 2022
£
37,787
8,345
1,958
-
2,293
26,691
77,074		 2021
£
-
-
-
22,954
162,326
23,310
208,590

15. MOVEMENT IN FUNDS

Unrestricted funds
General fund
EWOK
Restricted funds
Doris
Peaceful Plot
Telescope
Toilets
Turtles
Water Treatment
Defibrilator
Changing Places
TOTAL FUNDS		 At 1.7.21
£
1,998,525
-
1,998,525
-
-
-
-
3,909
-
-
-
3,909
**2,002,434 **		 Net
movement
in funds
£
(403,254)
(27)
(403,281)
(1,439)
5,603
1,125
1,750
6,172
20,000
500
100
33,811
**(369,470) **		 Transfers
between
funds
£
22,501
27
22,528
1,439
(5,603)
-
-
2,136
(20,000)
(500)
-
(22,528)
-		 At
31.12.22
£
1,617,772
-
1,617,772
-
-
1,125
1,750
12,217
-
-
100
15,192
**1,632,964 **

continued...

Page 18

THE PARROT ZOO TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 1 JULY 2021 TO 31 DECEMBER 2022

15. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
EWOK
Restricted funds
Doris
Peaceful Plot
Telescope
Toilets
Turtles
Water Treatment
Defibrilator
Changing Places
TOTAL FUNDS
Comparatives for movement in funds
Unrestricted funds
General fund
Restricted funds
Restricted
TOTAL FUNDS		 Incoming
resources
£
1,300,104
-
1,300,104
25
6,267
1,125
1,750
11,275
20,000
500
100
41,042
1,341,146
At 1.7.20
£
2,027,656
-
2,027,656		 Resources
expended
£
(1,703,358)
(27)
(1,703,385)
(1,464)
(664)
-
-
(5,103)
-
-
-
(7,231)
(1,710,616)
Net
movement
in funds
£
(29,131)
3,909
(25,222)		 Movement
in funds
£
(403,254)
(27)
(403,281)
(1,439)
5,603
1,125
1,750
6,172
20,000
500
100
33,811
(369,470)
At
30.6.21
£
1,998,525
3,909
2,002,434

continued...

Page 19

THE PARROT ZOO TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 1 JULY 2021 TO 31 DECEMBER 2022

15. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Restricted
TOTAL FUNDS		 Incoming
resources
£
929,195
12,959
942,154		 Resources
Movement
expended
in funds
£
£
(958,326)
(29,131)
(9,050)
3,909
(967,376)
(25,222)

16. RELATED PARTY DISCLOSURES

There were no related party transactions for the period ended 31 December 2022.

17. CONTINGENT ASSET

The trust is due to receive the balance of a large estate in the next couple of years, the balance of the legacy amount is not yet confirmed and therefore no provision has been made in these financial statements.

18. OTHER FINANCIAL COMMITMENTS

At the end of the year the charity had total commitments under operating leases of £225,000 in equal amounts over the next 4.5 years.

Page 20

THE PARROT ZOO TRUST

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD 1 JULY 2021 TO 31 DECEMBER 2022

INCOME AND ENDOWMENTS
Donations and legacies
Gift aid
Legacies
Grants
Other income
HMRC CJRS
Donations
Donations - Turtles
Donations - Amazon Smile
Donations - Daily Sales
Donations - Peaceful Plot
Donations - Via Till
Donations - Entrance Tickets
Donations - Just Giving
Donations - School Visits
Donations - Sponsapoll
Donations - Changing Places
Investment income
Rents received
Interest receivable
Charitable activities
Experiences
Total incoming resources		 Period
1.7.21
to
Year Ended
31.12.22
30.6.21
£
£
179,141
92,674
50,096
52,652
36,273
71,904
31,106
123,108
4,043
-
38,633
583,971
16,183
-
1,164
-
3,222
-
79
-
79,934
-
712,593
-
8,795
-
18,430
-
82,664
-
100
-
1,262,456
924,309
4,320
2,400
363
34
4,683
2,434
74,007
15,411
1,341,146
942,154

This page does not form part of the statutory financial statements.

Page 21

THE PARROT ZOO TRUST

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD 1 JULY 2021 TO 31 DECEMBER 2022

EXPENDITURE
Charitable activities
Wages
Social security
Pensions
Hire of plant and machinery
Opening stock
Purchases
Medical Fees
Subscriptions
Closing stock
Events
Gardening
Subcontractors
Donations to other charities
Clothing costs
Waste removal
Support costs
Management
Computer costs
Rent and rates
Insurance
Light and heat
Telephone
Postage and stationery
Advertising
Sundries
Motor expenses
Repairs and renewals
Online ticket sale charges
Irrecoverable VAT
Depreciation of tangible and heritage assets
Finance
Bank charges
PAYE Interest		 Period
1.7.21
to
Year Ended
31.12.22
30.6.21
£
£
688,754
349,778
48,774
21,495
13,892
6,355
13,660
-
10,000
10,000
114,119
65,126
47,229
18,555
3,293
4,873
(50,000)
(10,000)
24,846
-
3,939
-
6,401
-
1,112
-
1,298
-
11,523
-
938,840
466,182
8,039
13,794
166,758
161,900
10,487
6,033
78,477
40,398
21,244
22,295
14,299
3,958
39,860
15,722
4,130
4,237
26,847
6,146
97,483
69,113
13,267
-
90,814
85,119
157,721
13,001
729,426
441,716
15,024
7,282
1,155
-
16,179
7,282

This page does not form part of the statutory financial statements.

Page 22

THE PARROT ZOO TRUST

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD 1 JULY 2021 TO 31 DECEMBER 2022

Finance
Governance costs
Accountancy
Legal and professional fees
Total resources expended
Net expenditure		 Period
1.7.21
to
Year Ended
31.12.22
30.6.21
£
£
8,860
11,819
17,311
40,377
26,171
52,196
1,710,616
967,376
(369,470)
(25,222)

This page does not form part of the statutory financial statements

Page 23