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2020-12-31-accounts

Page
Trustees
Reference and Administrative Details ofthe Charity and Advisers
Chairman's Statement 3 —4
Trustees Report 5 —13
Independent Auditors Report 14 —16
Consolidated Statement ofFinancial Activities 17
Consolidated Balance Sheet 18
Company
Balance Sheet		 19
Consolidated Cash Flow Statement 20
Notes to the Financial Statements 21 —44

Including
a consolidated		 income and expenditure income and expenditure account for the year ended 31 December 2020
Restricted Unrestricted Total Total funds
funds funds funds 2019
2020 2020 2020
Note 6 6 6
Income from:
Donations
and le acies
Job retention scheme grant 760,796 760,796
Other donations
and legacies		 215,401 880,533 1,095,934 1,339,108
215,401 1,641,329 1,856,730 1,339,108
Other trading
activities		 4, 5 1,727,970 1,727,970 3,832,339
Investments 6 2,694 2,694 8,818
Charitable
activities		 7 12,705 4,429,761 4,442,466 7,204,916
Other income 8 278,149 278,149 54,070
Total income 228,106 8,079,903 8,308,009 12,439,251
Expenditure
on:
Raising funds 4,9 5,486 3,194,123 3,199,609 3,971,950
Charitable
activities		 10,11 192,479 7,322,969 7,515,448 7,738,018
Total expenditure 13 197,965 10,517,092 10,715,057 11,709,968
Net incomel (expenditure) 30,141 (2,437,189) (2,407,048) 729,283
before transfers
Transfers
between
funds
Net incomel (expenditure),
being net movement in funds 30,141 (2,437,189) (2,407,048) 729,283
Reconciliation
offunds:
Totals funds at 1 January 2020 293,968 21,035,101 21,329,069 20,599,786
Total funds at 31December 31 324,109 18,597,912 18,922,021 21,329,069
2020

Note f 2020
E		 2019
E
Fixed assets
Tangible assets 17 19,340,617 19,037,031
Animal
collection		 18 1 1
Total tangible assets 19,340,618 19,037,032
Intangible assets 19 26,102 29,677
19,366,720 19,066,709
Current assets
Stocks 22 102,036 116,799
Debtors 23 600,439 398,381
Cash at bank and in hand 4,669,535 3,078,688
5,372,010 3,593,868
Creditors: amounts falling due within 24 (2,140,678) (1,188,021)
one year
Net current assets 3,231,332 2,405,847
Total assets less current liabilities 22,598,052 21,472,556
Creditors:
amounts		 falling due after 25 (3,676,031) (143,487)
one year
Net assets 18,922,021 21,329,069
Charity funds
Restricted funds		 30 324,109 293,968
Unrestricted
funds		 29
Fixed asset funds 19,340,617 18,491,746
Designated
funds
Free reserves		 80,041
~822,746		 1,550,288
993,067
Total unrestricted funds 18,597,912 21,035,101
Total funds 31 18,922,021 21,329,069
The financial statement ere approved by the trustees n. . . . 2,).and signed on their behalf, by:
David Stalker CIMSP Barry Watson, FC, CTA

Note 8 2020
f		 2019
k
Fixed assets
Tangible assets 17 19,340,617 19,037,031
Animal
collection		 18 1 1
Total tangible assets 19,340,618 19,037,032
Intangible assets 19 26,102 29,677
Investments 20 100,000 100,000
19,466,720 19,166,709
Current assets
Stocks 22 6,040 8,978
Debtors 23 1,714,155 2,158,055
Cash at bank and in hand 3,220,286 995,258
4,940,481 3,162,291
Creditors: amounts falling due within 24 (2,068,315) (1,035,608)
one year
Net current assets 2,872,166 2,126,683
Total Assets less current liabilities 22,338,886 21,293,392
Creditors: amounts falling due after 25 (3,676,031) (143,487)
one year
Net assets 18,662,855 21,149,905
Charity funds
Restricted funds 30 324,109 1,808,968
Unrestricted
funds		 18,338,746 19,340,937
Total funds 18,662,855 21,149,905
The financial statements were approved by the trustees on. .. .. ..R and signed on their behalf, by:
David Stalker CIMSPA, Chairman Barry Watso CA, CTA

2020 2019
Note 8 6
Cash flows from operating
activities
Net cash provided
by operating		 33 (1,137,036) 1,208,230
activities
Cash flows from investing
activities
Interest receivable 2,694 8,818
Purchase oftangible fixed assets
Purchase of intangible
fixed assets		 (1,578,208) (359,573)
(12,711)
Proceeds from sale of property, 23,400
plant and equipment
Net cash used in investing (1,552,113) (363,466)
activities
Financing
activities
Repayment
offinance leases		 (20,003) (11,734)
Drawdown
of loan		 4,300,000
Net cash used in financing 4,279,997 (11,734)
activities
Change
in cash and cash		 1,590,847 833,030
equivalents
in the year
Cash and cash equivalents brought 3,078,688 2,245,658
forward
Cash and cash equivalents carried 34 4,669,535 3,078,688
forward

stimated
residual
value, ove		 r their expected
us		 eful
lives on the follow		 ing bas
Animal houses and freehold buildings 2-4% straight line
Plant &equipment 8.5-25% straight line
Motor vehicles 25% straight line
Roads and fencing 7.5%straight line
Computer
equipment		 25%straight line

ncome from do nations
and legac		 ies
Restricted Unrestricted Total Total
funds funds funds funds
2020 2020 2020 2019
6 6 6
Donations 111,468 305,821 417,289 474,162
Legacies 63,224 63,224 120,134
Grants 103,933 103,933 63,505
Job retention scheme grant 760,796 760,796
Giff aid 511,488 511,488 681,307
Total donations and legacies 215,401 1,641,329 1,856,730 1,339,108

Restricted Unrestricted Total Total
funds funds funds unrestricted
2020 2020 2020 funds
6 6 2019
Charity trading income
Trading income 1,727,150 1,727,150 3,829,209
Fundraising
and trading
expenses
Cost of goods sold 555,212 555,212 1,205,384
Direct cost of Christmas event 715 715 90,367
Marketing 28,452 28,452 93,189
Staff related costs 215,641 215,641 6,362
All other costs 1,011,822 1,011,822 370,399
Wages and salaries 48,337 48,337 1,086,520
National insurance 27,424 27,424 53,952
Pension costs 1,432 1,432 32,414
Support costs 973,025 973,025 792,720
2,862,060 2,862,060 3,731,327
Net income from trading activities (1,134,910) (1,134,910) 97,882

summary
of Marwell Services Limited results ar		 e as follows:
2020 2019
6 E
Turnover 1,726,993 3,829,091
Other income 1,071 5,096
Expenditure
Profit for the year		 1,469,120
258,944		 3,655,228
178,959
Net Assets ICapital & Reserves 358,944 278,959

er trading activities
Restricted Unrestricted Total Total
funds funds funds funds
2020 2020 2020 2019
f. 6 6
Provision of administrative services 820 820 3,130
2019, all income from other activities was unrestricted.
nvestment income
Restricted Unrestricted Total Total
funds funds funds funds
2020 2020 2020 2019
6 E 6 E
Bank &other interest receivable 2,694 2,694 8,818

ncome from charitable
activiti		 es
Restricted Unrestricted Total Total
funds funds funds funds
2020 2020 2020 2019
E 6 6
Biological conservation
Science and learning		 1,284
11,421		 67,690
4,362,071		 68,974
4,373,492		 69,498
7,135,418
12,705 4,429,761 4,442,466 7,204,916

Other incoming reso urc es
Restricted Unrestricted Total Total
funds funds funds funds
2020 2020 2020 2019
g 8 6 8
Rental income 27,556 27,556 39,344
Settlement of insurance claim 250,000 250,000
Sundry income 593 593 14,726
278,149 278,149 54,070
n 2019, all other incoming resources were unrestricted.
Costs ofgenerating voluntary income
Restricted Unrestricted Total Total
funds funds funds funds
2020
8		 2020f 2020
8		 2019
8
Costs ofgoods sold 5,486 2,873 8,359 14,679
Marketing 27,284 27,284 57,781
Staff and related costs 168,267 168,267 57,784
Support costs 120,801 120,801 98,416
All other costs 12,838 12,838 11,963
5,486 332,063 337,549 240,623

osts ofcharita ble
activities —U		 nrestricted
Biological Science &
conservation
8		 learningf Sustain ability
6		 2020 2019
Direct animal 210,923 144,167 355,090 440,321
costs
Direct 120,972 7,650 128,622 218,448
conservation
costs
Park running 476,775 185,819 37,656 700,250 1,031,753
costs
Marketing 66,634 66,634 222,020
Staff and 2,255,142 977,911 113,091 3,346,144 3,492,162
related costs
Support 1,193,542 606,107 91,921 1,891,570 1,775,531
costs
Development 181,598 92,220 13,986 287,804
write-offs
All other 32,866 491,126 3,462 527,454 448,845
costs
Total 4,471,818 2,427,467 404,283 7,303,568 7,629,086

Biological
conservation
6		 Science &
learning
6		 Sustain ability
f		 2020
6		 2019
6
Direct animal costs 105,982 105,982 68,246
Direct conservation 86,497 86,497 24,685
costs
Total 192,479 192,479 92,931

Restricted Unrestricted Total Total
funds funds funds funds
2020
6		 2020
6		 2020
6		 2019f
19,401 19,401 16,001
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Staff Depreciation
&		 Other
costs amortisation costs Total Total
2020
E		 2020
8		 2020
8		 2020
f		 2019
6
Expenditure on
raising voluntary
income		 208,229 31,095 98,226 337,550 240,623
Expenditure
fundraising		 on
trading		 1,409,712 250,462 1,201,885 2,862,059 3,731,327
Costs of
generating funds 1,617,941 281,557 1,300,111 3,199,608 3,971,950
Biological
conservation 2,700,971 353,970 1,609,356 4,664,297 4,518,878
Science and
learning 1,206,210 179,754 1,041,503 2,427,467 2,787,057
Sustainability 148,052 27,261 228,970 404,283 416,082
Charitable
activities 4,055,233 560,985 2,879,829 7,496,047 7,722,017
Expenditure on
governance 19,401 19,401 16,001
5,673,174 842,542 4,199,341 10,715,057 11,709,968

his is stated after charging:
2020 2019
8 E
Depreciation oftangible
fixed assets:
Owned
by the charitable
Amortisation
of intangible
fixed		 group
assets		 838,967
3,575		 820,601
2,929
Operating
lease costs		 101,220 62,304
Development write-offs 432,253
Job retention scheme grant 760,796
Profit on sale offixed asset 19,996

15. Auditors'
remuneration
Fees payable to the company's auditor and associates 2020 2019
E 8
Audit ofthe financial statements ofthe group and company 13,000 13,000
Audit ofthe financial statements ofthe company's 3,000 3,000
subsidiaries
16,000 16,000
16. Staffcosts
Staff costs were as follows:
2020 2019
8
Wages and salaries 4,970,192 4,995,260
Social security costs 383,770 370,631
Other pension costs 231,022 239,873
Redundancy
costs		 88,190
5,673,174 5,605,764
2020 2019
No. No.
Charitable activities 129 134
Cost of generating
funds		 70 78
Support 19 19
218 231
The number of higher paid employees was:
2020 2019
No. No.
In the band E60,001 - F70,000
In the band E70,001 - 880,000
In the band 280,001 - 690,000
In the band F90,001 - 5100,000
In the band 8100,001 - F110,000 1 1
5 5

angible fixed assets
Animal
Freehold houses Capital
land and and other Plant and work in
buildings
F.		 buildings equipment progressf Total
8
Group and company
Cost
At 1 January 2020
Additions		 1,417,411 24,198,409
41,789		 2,677,075
129,637		 381,463
1,406,782		 28,674,358
1,578,208
Disposals (163,718) - (163,718)
Write Off ofcapital work in (432,253) (432,253)
progress
Transfer between classes		 94,370 250,601 (344,971)
At 31 December 2020 1,417,411 24,334,568 2,893,595 1,011,021 29,656,595
Depreciation
At 1 January 2020 60,635 7,690,044 1,886,648 9,637,327
Charge for the year 4,394 661,772 172,801 838,967
Depreciation
on disposals		 (160,316) (160,316)
At 31 December 2020 65,029 8,351,816 1,899,133 10,315,978
Net book value
At 31 December 2020 1,352,382 15,982,752 994,462 1,011,021 19,340,617
At 31 December 2019 1,356,776 16,508,365 790,427 381,463 19,037,031

Group and Company Group and Company
Valuation
At 1 January 2020 and 31 December 2020
19. Intangible
fixed assets
ITsystems
and software Total
8 8
Group and company
Cost
At 1 January 2020 134,223 134,223
Additions
At 31 December 2020 134,223 134,223
Depreciation
At 1 January 2020 104,546 104,546
Charge for the year 3,575 3,575
At 31 December 2020 108,121 108,121
Net book value
At 31 December 2020 26,102 26,102
At 31 December 2019 29,677 29,677
20. Investments
Com an
2020 2019
8
Shares in subsidiary undertaking 100,000 100,000
100,000 100,000

Grou Com an an
2020 2019 2020 2019
6 6 6 8
Carrying amount offinancial assets
Debt instruments
costs		 measured at amortised 322,556 109,273 1,447,931 1,887,107
Carrying amount offinancial liabilities
Measured at amortised cost 4,729,141 366,906 4,692,864 296,104
tocks
Grou Com an
2020 2019 2020 2019
8 8 E
Goods for resale 80,568 91,657
Consumables stock 21,468 25,142 6,040 8,978
102,036 116,799 6,040 8,978
Debtors
Grou Com an
2020 2019 2020 2019
Trade debtors 39,091 84,204 34,134 75,999
Amounts owed by group undertakings 1,130,332 1,786,044
Other debtors 283,465 25,069 283,465 . 25,064
Prepayments and accrued income 277,883 289,108 266,224 270,948
600,439 398,381 1,714,155 2,158,055

reditors: Amounts
fa		 lling due within one year
Grou Com an
2020 2019 2020 2019
E Z E
Bankloans 745,675 745,675
Trade creditors 270,453 188,215 234,176 117,413
Obligations
under finance leases		 36,982 35,204 36,982 35,204
Other taxation and social security 159,583 120,399 159,583 120,399
Other creditors 48,072 14,967 37,559 3,614
Accruals and deferred income 879,913 829,236 854,340 758,978
2,140,678 1,188,021 2,068,315 1,035,608

reditors: A mounts
falling due after o		 ne year
Grou Com an
2020 2019 2020 2019
E E K 6
Bank loans 3,554,325 3,554,325
Obligations under finance leases 121,706 143,487 121,706 143,487
3,676,031 143,487 3,676,031 143,487

oans
2020 2019
E
Bankloan 4,300,000
Payable within one year 745,675
Payable after one year 3,554,325

Future minimum lease payments due under finance leases: 2020 2019
E E
Within
In two		 one year
to five years		 43,130
130,518		 42,245
157,244
173,648 199,489
Less future finance charges (14,960) (20,798)
158,688 178,691

eferred income
Grou &Com
an
2020 2019
8 8
Deferred income at start ofyear 571,586 554,691
Resources deferred
Amounts
released		 during the year
from previous years		 645,842
(571,586)		 571,586
(554,691)
Deferred income at end ofyear 645,842 571,586
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econciliation
ofne		 t move ment in funds to net cash flow from op erating
activities
2020 2019
8
Net income for the year (as per Statement of Financial Activities) (2,407,048) 729,283
Adjustment
for:
Depreciation
&amortisation		 charges 842,542 823,530
Development
write-offs		 432,253
Interest received (2,694) (8,818)
Loss on the sale offixed assets (19,998)
Increase
in stocks		 14,763 78,573
(Increase)/ decrease in debtors (202,058) (167,822)
Increase/(decrease) in creditors 205,204 (246,516)
Net cash provided by operating activities (1,137,036) 1,208,230
nalysis ofcash and cash equivalents
2020 2019
6 6
Cash in hand 4,669,535 3,078,688
Total 4,669,535 3,078,688

nalysis of changes in net cash
1 January Cash flows 31 December
2020
6		 f 2020
6
Cashin hand 3,078,688 1,590,847 4,669,535
Obligations under finance leases (178,691) 20,003 (158,688)
Borrowings excluding overdrafts (4,300,000) (4,300,000)
2,899,997 (2,689,150) 210,847