Charity registration number: 1187438
Exmoor Zoological & Conservation Centre
known as
Exmoor Zoo
Annual Report and Financial Statements
for the Year Ended 31 March 2024
Exmoor Zoological & Conservation Centre
known as Exmoor Zoo
Contents
| Reference and Administrative Details | 1 |
|---|---|
| Trustees' Report | 2 to 9 |
| Independent Examiner's Report | 10 |
| Statement of Financial Activities | 11 |
| Balance Sheet | 12 |
| Cash Flow Statement | 13 |
| Notes to the Financial Statements | 14 to 21 |
Exmoor Zoological & Conservation Centre
known as Exmoor Zoo
Reference and Administrative Details
Trustees
Mr D L Reynolds Mrs L Reynolds Mr A L Blackler MBE FCA Mrs K Homer Mr T L Dalton
Principal Office
Charity Registration Number
Exmoor Zoo Bratton Fleming Barnstaple Devon EX31 4SG 1187438
Independent Examiner
Ward and Co Chartered Accountants West Penhill Farm Fremington Barnstaple Devon EX31 2NG
Page 1
Exmoor Zoological & Conservation Centre
known as Exmoor Zoo
Trustees' Report
The trustees present the annual report together with the financial statements of the charity for the year ended 31 March 2024.
Trustees
Mr D L Reynolds
Mrs L Reynolds
Mr A L Blackler MBE FCA
Mrs K Homer
Mr T L Dalton
Objectives and activities
Objects and aims
To promote the conservation of the physical and natural environment by promoting biodiversity;
To advance the education of the public on the conservation of the physical and natural world and the promotion of biodiversity;
To promote the conservation of the physical and natural environment and the maintenance of biological diversity, in particular but not limited to the provision of public education, scientific study and the maintenance of endangered animals, plants and habitats in both protected and natural environments.
Page 2
Exmoor Zoological & Conservation Centre
known as Exmoor Zoo
Trustees' Report
Strategies for achieving the objecties:
Education through the UK national school systemmaking use of the national curriculum and offering the resources of the zoo to schools both on site for educational visits and for education staff to visit schools by request. Microsoft Teams and Zoom meetings were not used this year as the effects of the Covid pandemic no longer affected school visits. Fifty schools visited us and we were asked to visit another thirty three schools during the year.
Public interaction and subliminal education took place through timetable advertised educational scripted feed talks at the zoo. Interactive public animal handling or contact sessions occurred regularly throughout the season but still to a lesser extent than pre-covid.
Conservation was continued in alignment with the UK zoo legislation. The site continues to be managed for local flora and fauna, for instance, the British Ornithological Trust "ringer" continued to trap, record and ring native species on site, in particular sparrows for the zoo's House Sparrow Project which has continued into its seventh consecutive year. In particular, as part of the zoo's conservation programme for the "soft" release of native wild species, a white stork has been bred bringing the potential release individuals to seven. Two of these seven have become a potential breeding pair in March 2024.
Conservation in terms of breeding and working with endangered and rare species through international and European breeding programmes on exhibit has continued. Thirty six births have been recorded, eighty eight acquisitions, seventy eight deaths and one hundred and four dispositions have occurred. See the "notable important breeding programme" examples in achievements and performance. The larger number of acquisitions and dispositions is due to the collection plan rationisation and delayed movements of waterfowl, held back by avian influenza restrictions in 2022.
Improvement of habitats was continued with the development and refurbishment of our shoebill exhibit, the refurbishment of the entire central lake area of the zoo was completed and our sand cat exhibit was extended and made into a potential breeding enclosure for this species.
Once again, the Charity has continued to provide funds for ex-situ projects for some of the species that it exhibits. For instance, an annual donation has been established with the Stichting Wild Dog foundation in Holland for the procurement of radio tracking collars for wild dogs annually in Zimbabwe. Also, an annual donation agreement with Cheetah Conservation Foundation has been agreed which will fundamentally be used for their "Cheetah Guardian" project.
The Trustees' have paid due regard to guidance issued by The Charity Commission in deciding what activities the Charity should undertake.
Public benefit
In planning our activities, the trustees have kept in mind the Charity Commission's guidance on public benefit and have folllowed this guidance to demonstrate the charitable aims are for public benefit.
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
Page 3
Exmoor Zoological & Conservation Centre
known as Exmoor Zoo
Trustees' Report
Use of volunteers
Voluntary support has been fantastic but is limited to only a few enthusiastic and supportive colleagues. The charity would like to name and thank the following people in particular who have provided tremendous help and support in a variety of ways from providing photographic images, specific monetary funds, their time and enthusiasm working on site as volunteers and the donation of free resources for our benefit.
This list is not prohibitive and by necessity excludes those who have requested not to be mentioned:
Mr & Mrs Keith & Kim Spendlove, Molly Thomas, Ben Lambert and Oliver Lily, Miriam Hass, Helen & Katie Horricks, Brian and Shirley Newcombe, Rick & Tina Haskell Desmond, Patrick Tucker, Brian Lilly, Tarka Home Improvements, Sandra Matthews and Sue Maxfield, Anthony Maddox, Sally Geraghty, Joe Bradley, Luke Heard, Megan McKinty and Anna Scarret.
Page 4
Exmoor Zoological & Conservation Centre
known as Exmoor Zoo
Trustees' Report
Achievements and performance
Notable important breeding program cooperation: Acquisitions:
Stud book movements:
In co-operation with the parrot World Trust at Hayle in Cornwall, we joined the Cornish Chough project and acquired 4:0 individuals from this project as a trial to see how they acclimatise to Exmoor. A female Great green macaw, 3:3 sun conures and a pair of red evented cockatoo were also acquired from the WPT as part of breeding programmes. A female sand cat was imported from Parc Des Felins to pair our surviving male sand cat. 2:0 Chinese crocodile lizards were added to the reptile exhibits from Paignton Zoo. A female Tarictic hornbill and a male silvery marmoset were acquired to pair our individual animals from Drayton Manor. A pair of Fischer’s touraco from Waddesdon Manor.
Other animal collection movements:
A plethora of bird movements occurred with the relaxation of the avian bird flu movement restrictions. This included a pair of Abdim storks from Paulton Park in Romsey , Hampshire a small flotilla (3:2) of eider ducks, 2:6 White headed duck and 2:1 White backed duck for the main lake (after the 18-month refurbishment) all from private collections, 4:1 little egrets from Beale Wildlife Park and an emerald monitor from Crocodiles of the world.
Births:
Four bat-eared fox siblings in June 23. A female Margay kitten in October, a male maned wolf in April, a male white-faced saki in August for their respective breeding programs. For our own release project two white stork chicks were born in May.
Dispositions:
A pair of Woylie and a male dusky pademelon to Newquay Zoo, an African Civet to Hadlow College, a male sitatunga to Africa Alive and 5 females to Dartmoor Zoo, a female caracal to parc Des Felins and similarly a female to Axe Valley Wildlife Park. Plus many bird dispositions held up due to the avian flu restrictions.
Deaths:
Old age related, included our female blue throated conure who over 21 years produced over 40 progeny for the programme, our male caracal “Yoda” at 13 years of age, our venerable cock Great green macaw and two 18-year-old Guyanian squirrel monkeys. We also lost “Tae” our male clouded leopard to throat cancer.
In reference to the future plans outlined in the 2022-2023 report. The following have been achieved:
1 The snow leopard and hyena change of enclosures have been temporarily stopped as funds are given the chance to recuperate.
2 The red panda enclosure and central aviary waterways are now finished. 3 General site maintenance and repair work has continued but at a decreased level. Cheetah tower and bandstand and the pelican seating have been refurbished for example as they were rotting.
4 In compliance with the zoo legislation inspection requirements the zoo has built and provisioned an on-site veterinary room and had a working generator installed.
5 The substandard toilet facilities and toilet planning extension have been completed. 6 The charity has donated their first annual gift to the Cheetah Conservation Fund and continues with the Hunting Dog Foundation in Holland.
7 The commissioned tree survey has been acted upon, with those trees identified as higher risk having had remedial surgery. This will be ongoing.
Page 5
Exmoor Zoological & Conservation Centre
known as Exmoor Zoo
Trustees' Report
The zoo has recorded a similar footfall to last year (2022-23) about 50,000. This footfall is still equal to the second highest recorded and is undoubtedly due to our status as a charity and the goodwill associated with this.
The charity employed twenty-three full time and six part time staff. This represents a 13.9% increase in cost from the previous year.
Gift Aid declaration by the visiting public enabled £50,878 of additional funds which were available for the running of the zoo charity. This is a substantial decrease from the previous year of 44% which the trustees attribute to visitors increasingly not buying online admission tickets with gift aid and more requests for non-gift aid entrance prices at the admission kiosk. Possibly an effect of the current economic recession?
Charity income from experiences and ex-situ work such as roadshows and visits to schools has increased from £57,737 to £61,024. This improvement has continued following the post covid relaxation of restrictions.
Significant levels of remedial maintenance were still required due the low levels of this type of work being carried out during the pandemic and the focus on the “avian flu pandemic protection”. The ephemeral nature of many of the exhibit constructions utilising wood will continue to require constant repair and refurbishment investment annually. To emphasise this will continue into the future until exhibits are replaced with a more permanent structure. A typical example of this would be the intended replacement of the 20-year-old wooden Alpaca pen for an interior block lined structure.
The previous years massive avian flu protection undertaking, now finally finished will reduce the risks of the zoo livestock contracting avian influenza well into the future and should not need to be replaced for the next 10 or 15 years.
Due to the now finished investment in the “Bird Flu outbreak prevention works” in the zoo, the charity has seen the monetary level of reserves decrease. All other non-essential refurbishment works had been placed on hold until this prevention work was completed. For instance, the hyena and snow leopard enclosures in their earlier stages of construction in 2022 still remain halted. The charity will attempt to rebuild this monetary reserve in-line with the new government zoo licensing regulations currently being discussed for introduction in 2025 and recommence the advertised refurbishment enclosures with this under review.
Veterinary involvement and costs have increased from £31,930 to £38,039. This is due in part to the increased cost of services but principally due to the ages of certain key exhibit stock that have been on palliative care and their subsequent associated pathology.
The soft release of white storks into the zoo and immediate surrounds complying with the Natural England requirements for the reintroduction of this native species intended for the winter of 2023 was placed on hold due to the “avian flu” pandemic and associated potential problems.
Page 6
Exmoor Zoological & Conservation Centre
known as Exmoor Zoo
Trustees' Report
Financial review
The charity has seen a fall in reserves to £345,248 during this period, in principle due to the completion of the extensive “avian flu prevention works” undertaken and the necessary investment. However, this action will place the charity in a robust and sustainable position going forward and enable not only the continued exhibit of avian livestock, but also our involvement in their associated breeding programs.
The Trustees have the power to invest in such assets as they feel appropriate to the charity. At present any surplus monies are held on deposit at the bank.
Policy on reserves
It is the agreed policy of the charity that unrestricted funds which have not been designated for a specific use should attempt to be maintained at a level equivalent to 3 months expenditure. The Trustees consider that reserves at this level will ensure in the event of a significant drop in funding, that the charity will be able to continue current activities while consideration is given to ways in which additional funds may be raised. This has become a target for 2024-25 due to the 2022-24 emergency investment in the “avian flu prevention works”. To enable this and due to increased costs, the admission prices have had to increase for visitors in line with inflation and respective attractions in the locale.
Plans for future periods
Aims and key objectives for future periods
The Charity zoological collection plan requires it to attempt to acquire, maintain, exhibit and provide education for endangered breeding species from international controlled programmes. The intention for 2023-24 is to continue to build the initiated exhibits for endangered snow leopards and hyena. Construction work is hoped to recommence in the winter of 2024-2025. This will be entirely subject to finances available at the end of the 2024 summer trading season.
Avian influenza prevention work on the zoo central waterway has finally been finished. This has reduced the risks associated with this pandemic and any further winter restrictions imposed by the APHA.
Continued investment is required in maintenance throughout the zoo premises, but in general no significant investment (as per previous years) is obviously required for 2024-25 in this respect.
The planned change of exhibit for enclosure 38 to exhibit flamingo is still being revised subject to finances. The exhibited incumbent capybaras are due to be relocated to enclosure 41 as agreed with the Zoo licensing inspection team in 2021.
Page 7
Exmoor Zoological & Conservation Centre
known as Exmoor Zoo
Trustees' Report
Structure, governance and management
Nature of governing document
The Charity is a charitable incorporated organisation founded under a constitution dated 8 January 2020 and commenced operating on 4 July 2020.
None of the trustees has any beneficial interest in the Charity. If the Charity is wound up, the members have no liability to contribute to its assets and no personal responsibility for settling its liabilities.
Recruitment and appointment of trustees
The constitution requires that there must be a minimum of three and a maximum of twelve trustees.
The current trustees were contacted and selected by the existing zoo partnership based on their experience. acquired practical knowledge of UK zoos, running a profitable business and professional acumen.
Any future trustees will be selected on similar professional experience relating to the zoo industry or practices. The lengths of trustees service is varied to enable continuity when and if changes occur.
Arrangements for setting key management personnel remuneration
None of the trustees receive remuneration from the Charity.
Major risks and management of those risks
Zoo legislation
Compliance with zoo legislation
Procedures are in place within the Charity to review the level of risks. Zoo legislation with which the Charity has to comply, determines risks and it is incumbent on the shared two licence owners and trustees, Mr D L and Mrs L Reynolds to comply with this legislation on behalf of the Charity. The Chairman and other Trustees rely on their ability and discussions to ensure the minimisation of risk on their behalf through management of the zoo. Discussions and records are maintained to record communication to this effect.
The Trustees have also assessed the other major risks to which the Charity is exposed and are satisfied that systems are in place to mitigate exposure to the major risks.
Page 8
Exmoor Zoological & Conservation Centre
known as Exmoor Zoo
Trustees' Report
Statement of Trustees' Responsibilities
The trustees are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.
The law applicable to charities requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:
-
select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the constitution. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The annual report was approved by the trustees of the charity on 22 July 2024 and signed on its behalf by:
......................................... Mr D L Reynolds Trustee
......................................... Mrs L Reynolds Trustee
Page 9
Exmoor Zoological & Conservation Centre
known as Exmoor Zoo
Independent Examiner's Report to the trustees of Exmoor Zoological & Conservation Centre
I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 March 2024 which are set out on pages 11 to 21.
Respective responsibilities of trustees and examiner
As the charity’s trustees of Exmoor Zoological & Conservation Centre 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 Exmoor Zoological & Conservation Centre's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner’s statement
Since Exmoor Zoological & Conservation Centre's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of , which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of Exmoor Zoological & Conservation Centre as required by section 130 of the Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting 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.
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.
...................................... John Ward, FCA. Ward and Co Chartered Accountants
West Penhill Farm Fremington Barnstaple Devon EX31 2NG
11 November 2024
Page 10
Exmoor Zoological & Conservation Centre
known as Exmoor Zoo
Statement of Financial Activities for the Year Ended 31 March 2024
| Note Income and Endowments from: Donations and legacies Charitable activities Total income Expenditure on: Charitable activities Total expenditure Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward 16 |
Unrestricted funds £ 56,976 756,676 813,652 (914,672) (914,672) (101,020) 446,268 345,248 |
Total 2024 £ 56,976 756,676 813,652 (914,672) (914,672) (101,020) 446,268 345,248 |
Total 2023 £ 109,601 702,521 |
|---|---|---|---|
| 812,122 | |||
| (842,849) | |||
| (842,849) | |||
| (30,727) 476,995 |
|||
| 446,268 |
All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2023 is shown in note 16.
Page 11
Exmoor Zoological & Conservation Centre
known as Exmoor Zoo
(Registration number: 1187438) Balance Sheet as at 31 March 2024
| Note 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 Creditors: Amounts falling due after more than one year 14 Net assets Funds of the charity: Unrestricted income funds Unrestricted funds Total funds 16 |
2024 £ 286,810 10,251 22,758 78,688 111,697 (34,033) 77,664 364,474 (19,226) 345,248 345,248 345,248 |
2023 £ 228,049 10,143 72,552 196,791 |
|---|---|---|
| 279,486 (61,267) |
||
| 218,219 | ||
| 446,268 - |
||
| 446,268 | ||
| 446,268 | ||
| 446,268 |
The financial statements on pages 11 to 21 were approved by the trustees, and authorised for issue on 22 July 2024 and signed on their behalf by:
......................................... Mr D L Reynolds Trustee
.........................................
Mrs L Reynolds Trustee
Page 12
Exmoor Zoological & Conservation Centre
known as Exmoor Zoo
Cash Flow Statement for the Year Ended 31 March 2024
| Note Cash flows from operating activities Net cash expenditure Adjustments to cash flows from non-cash items Depreciation Working capital adjustments Increase in stocks 11 Decrease/(increase) in debtors 12 (Decrease)/increase in creditors 13 Net cash flows from operating activities Cash flows from investing activities Purchase of tangible fixed assets 10 Cash flows from financing activities Repayment of capital element of finance leases and HP contracts 15 Net decrease in cash and cash equivalents Cash and cash equivalents at 1 April Cash and cash equivalents at 31 March |
2024 £ (101,020) 46,919 (54,101) (108) 49,794 (30,542) (34,957) (105,680) 22,534 (118,103) 196,791 78,688 |
2023 £ (30,727) 33,910 |
|---|---|---|
| 3,183 (2,587) (69,108) 3,824 |
||
| (64,688) (157,016) - |
||
| (221,704) 418,495 |
||
| 196,791 |
All of the cash flows are derived from continuing operations during the above two periods.
Page 13
Exmoor Zoological & Conservation Centre
known as Exmoor Zoo
Notes to the Financial Statements for the Year Ended 31 March 2024
1 Accounting policies
Statement of compliance
The financial statements have been prepared in accordance with 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 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
Basis of preparation
Exmoor Zoological & Conservation Centre meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
Going concern
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.
Income and endowments
All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably.
Grants receivable
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is a reasonable assurance that the charity will comply with the conditions attaching to them and the grants will be received.
When the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income only when the grant proceeds are received or receivable. Where the grant does impose future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants are received prior to satisfying the revenue recognition criteria, they are recognised as a liability.
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.
Page 14
Exmoor Zoological & Conservation Centre
known as Exmoor Zoo
Notes to the Financial Statements for the Year Ended 31 March 2024
Charitable activities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Taxation
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
Tangible fixed assets
Individual fixed assets are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation and amortisation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class Depreciation method and rate Plant and equipment 20% reducing balance Integral fixtures and fittings 10 years straight line Furniture and equipment 3 years straight line
Stock
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell, after due regard for obsolete and slow moving stocks. Cost is determined using the first-in, first-out (FIFO).
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Fund structure
Unrestricted income funds are general funds that are available for use at the trustees's discretion in furtherance of the objectives of the charity.
Page 15
Exmoor Zoological & Conservation Centre
known as Exmoor Zoo
Notes to the Financial Statements for the Year Ended 31 March 2024
Financial instruments
Classification
Financial assets and financial liabilities are recognised when the charity becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the charity after deducting all of its liabilities.
Recognition and measurement
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Financial assets and liabilities are only offset in the statement of financial position when, and only when there exists a legally enforceable right to set off the recognised amounts and the charity intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the financial asset expire or are settled, b) the charity transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or c) the charity, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.
Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires.
2 Income from donations and legacies
| Donations and legacies; Donations from individuals Gift aid reclaimed |
Unrestricted funds General £ 6,098 50,878 56,976 |
Total 2024 £ 6,098 50,878 56,976 |
Total 2023 £ 18,809 90,792 |
|---|---|---|---|
| 109,601 |
Page 16
Exmoor Zoological & Conservation Centre
known as Exmoor Zoo
Notes to the Financial Statements for the Year Ended 31 March 2024
3 Income from charitable activities
Unrestricted funds
| Unrestricted funds |
|||
|---|---|---|---|
| Admissions 4 Expenditure on charitable activities Activity undertaken directly £ Admissions and associated zoo activities 903,300 |
General £ 756,676 Activity support costs £ 11,372 |
Total 2024 £ 756,676 Total 2024 £ 914,672 |
Total 2023 £ 702,521 |
| Total 2023 £ 842,849 |
5 Analysis of support costs
Support costs allocated to charitable activities
| Finance | Administration | Total | Total | ||
|---|---|---|---|---|---|
| Basis of | costs | costs | 2024 | 2023 | |
| allocation | £ | £ | £ | £ | |
| Admissions and | |||||
| associated activities | 100% | 3,985 | 7,387 | 11,372 | 14,763 |
6 Net incoming/outgoing resources
Net outgoing resources for the year include:
| Independent examiner's fees | 2024 £ 900 |
2023 £ 750 |
|---|---|---|
7 Trustees remuneration and expenses
No trustees have received any other benefits from the charity during the year.
8 Staff costs
The aggregate payroll costs were as follows:
Page 17
Exmoor Zoological & Conservation Centre
known as Exmoor Zoo
Notes to the Financial Statements for the Year Ended 31 March 2024
| Staff costs during the year were: Wages and salaries Social security costs Pension costs |
2024 £ 469,427 35,288 9,285 514,000 |
2023 £ 411,870 31,353 8,092 |
|---|---|---|
| 451,315 |
The monthly average number of persons (including senior management team) employed by the charity during the year expressed as full time equivalents was as follows:
| Average number of employees | 2024 No 25 |
2023 No 23 |
|---|---|---|
No employee received emoluments of more than £60,000 during the year
Page 18
Exmoor Zoological & Conservation Centre
known as Exmoor Zoo
Notes to the Financial Statements for the Year Ended 31 March 2024
9 Taxation
The charity is a registered charity and is therefore exempt from taxation.
10 Tangible fixed assets
| Cost At 1 April 2023 Additions At 31 March 2024 Depreciation At 1 April 2023 Charge for the year At 31 March 2024 Net book value At 31 March 2024 At 31 March 2023 11 Stock Stocks 12 Debtors Trade debtors Prepayments Accrued income |
Furniture and equipment £ 12,185 343 12,528 4,397 4,042 8,439 4,089 7,788 |
Plant and machinery £ 62,939 46,871 |
Integral fixtures and fittings £ 188,843 58,466 |
Total £ 263,967 105,680 369,647 35,918 46,919 82,837 286,810 228,049 2023 £ 10,143 |
||
|---|---|---|---|---|---|---|
| 109,810 | 247,309 | |||||
| 12,637 18,146 |
18,884 24,731 |
|||||
| 30,783 | 43,615 | |||||
| 79,027 | 203,694 | |||||
| 50,302 | 169,959 | |||||
| 2024 £ 10,251 2024 £ 445 2,312 20,001 22,758 |
||||||
| 2023 £ 972 4,188 67,392 |
||||||
| 72,552 |
Page 19
Exmoor Zoological & Conservation Centre
known as Exmoor Zoo
Notes to the Financial Statements for the Year Ended 31 March 2024
13 Creditors: amounts falling due within one year
| Hire purchase and finance leases Other taxation and social security Accruals |
2024 £ 3,308 6,194 24,531 34,033 |
2023 £ - 12,001 49,266 |
|---|---|---|
| 61,267 |
14 Creditors: amounts falling due after one year
| Hire purchase and finance leases | 2024 £ 19,226 |
|---|---|
15 Obligations under leases and hire purchase contracts
16 Funds
| 16 Funds | ||||
|---|---|---|---|---|
| Unrestricted funds General Unrestricted funds General |
Balance at 1 April 2023 £ (446,268) Balance at 1 April 2022 £ (476,995) |
Incoming resources £ (813,652) Incoming resources £ (812,122) |
Resources expended £ 914,672 Resources expended £ 842,849 |
Balance at 31 March 2024 £ (345,248) |
| Balance at 31 March 2023 £ (446,268) |
17 Analysis of net assets between funds
Page 20
Exmoor Zoological & Conservation Centre
known as Exmoor Zoo
Notes to the Financial Statements for the Year Ended 31 March 2024
| Tangible fixed assets Current assets Current liabilities Total net assets |
Unrestricted funds General £ 300,285 112,538 (31,566) 381,257 |
Total funds £ 300,285 112,538 (31,566) 381,257 |
|---|---|---|
18 Analysis of net funds
| At 1 April 2023 £ Cash at bank and in hand 196,791 Finance leases and hire purchase contracts - Net debt 196,791 |
Cash flow £ (118,103) (22,534) (140,637) |
At 31 March 2024 £ 78,688 (22,534) |
|---|---|---|
| 56,154 |
19 Related party transactions
During the year the charity made the following related party transactions:
Mr D L and Mrs L Reynolds
(Trustees of the charity)
Rent was charged at a commercial rate to the Charity amounting to £36,000 (2023: £36,000) which was agreed by the Trustees. The rent was charged by a partnership between the above.
The same partnership owns the zoo animals and has gifted the lease of the animals to the Charity.
Expenses incurred on behalf of the Charity by the partnership are recharged to the Charity on an equitable basis as set out in the Charity's constitution.
. At the balance sheet date the amount due to Mr D L and Mrs L Reynolds was £19,472 (2023 - £43,516).
Page 21
Exmoor Zoological & Conservation Centre
known as Exmoor Zoo
Detailed Statement of Financial Activities for the Year Ended 31 March 2024
| Income and Endowments from: Donations and legacies (analysed below) Charitable activities (analysed below) Total income Expenditure on: Charitable activities (analysed below) Total expenditure Net expenditure Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward |
Total 2024 £ 56,976 756,676 813,652 (914,672) (914,672) (101,020) (101,020) 446,268 345,248 |
Total 2023 £ 109,601 702,521 |
|---|---|---|
| 812,122 | ||
| (842,849) | ||
| (842,849) | ||
| (30,727) | ||
| (30,727) 476,995 |
||
| 446,268 |
Page 22
Exmoor Zoological & Conservation Centre
known as Exmoor Zoo
Detailed Statement of Financial Activities for the Year Ended 31 March 2024
| Donations and legacies Appeals and donations Gift Aid tax reclaimed Charitable activities Membership fees Souvenir guides Admissions Experiences Adoptions Photocard Fundraising Other income Charitable activities Publicity costs Livestock purchases Veterinary and medicine Souvenir purchases Animal supplies Wages and salaries Staff NIC (Employers) Staff pensions (Defined contribution) Rent Premises expenses Insurance Repairs and maintenance Telephone, internet and computer Printing, postage and stationery Subscriptions Charitable donations Hire of plant and machinery Sundry expenses Motor and transportation Accountancy fees Independent examiner's fee Consultancy and professional fees |
Total 2024 £ 6,098 50,878 56,976 13,107 1,348 676,879 61,024 3,250 1,056 - 12 756,676 (26,596) (2,650) (38,039) - (89,382) (469,427) (35,288) (9,285) (36,000) (53,455) (22,485) (31,088) (8,012) (5,262) (5,839) (7,025) (1,286) (2,322) (12,621) (6,487) (900) (319) |
Total 2023 £ 18,809 90,792 |
|---|---|---|
| 109,601 | ||
| 9,719 2,027 627,244 57,737 3,855 1,626 103 210 |
||
| 702,521 | ||
| (20,038) - (31,930) (4,498) (77,409) (411,870) (31,353) (8,092) (36,000) (49,225) (15,688) (68,580) (6,146) (4,734) (6,060) (50) (3,134) (2,034) (14,996) (9,808) (750) (2,339) |
Page 23
Exmoor Zoological & Conservation Centre
known as Exmoor Zoo
Detailed Statement of Financial Activities for the Year Ended 31 March 2024
| Bank charges Hire purchase interest Depreciation of plant and machinery Depreciation of furniture and equipment Depreciation of integral fixtures and fittings |
Total 2024 £ (3,918) (67) (18,146) (4,042) (24,731) (914,672) |
Total 2023 £ (4,205) - (10,965) (4,061) (18,884) |
|---|---|---|
| (842,849) |
Page 24