**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**
- To ensure all our animals feel valued, safe, free, and supported to enable them to explore and develop to their full potential.
- To promote our environment as a therapeutic tool to support the health and wellbeing of both animals and people.
- To enable both animals and people to view themselves and the world positively.
- To maintain, strengthen and develop our dedicated and committed staff and volunteer team, with a passion for caring for and supporting animals and people.
- To ensure the Parrot Zoo Trust is recognised as a Centre of Excellence, delivering a fully compliant, outstanding service that meets the needs of animals and people.
- To make sure our work is known, shared, and valued, wherever our commitment and positive impact is felt.
## **Aims**
- To relieve the suffering of animals who need long-term sanctuary.
- To use research to advance learning and innovation in the care and wellbeing of animals and people.
- To make best use of the resources available to improve the lives of animals and people.
- To provide a safe space to bring people closer to the natural environment.
- To provide opportunities for learning about animals and the environment and how people’s positive contributions impact on the natural world.
- To provide opportunities and support to enable successful volunteering placements.
- To collaborate with partners to raise awareness of how the charity can provide support for people and animals in the community.
- To engage with the community to promote learning and awareness of the charity aims.
- To engage with the community to support the sustainability of the charity.
- To promote a wider understanding of the sustainable conservation of biodiversity globally and locally.
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