|||||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<br>Balance Sheet||||19|
|Consolidated|Cash Flow Statement|||20|
|Notes to the|Financial|Statements||21 —44|





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|Including<br>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<br>and le acies|||||||
|Job retention scheme|grant|||760,796|760,796||
|Other donations<br>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<br>activities||4, 5||1,727,970|1,727,970|3,832,339|
|Investments||6||2,694|2,694|8,818|
|Charitable<br>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<br>on:|||||||
|Raising funds||4,9|5,486|3,194,123|3,199,609|3,971,950|
|Charitable<br>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<br>between<br>funds|||||||
|Net incomel (expenditure),|||||||
|being net movement|in funds||30,141|(2,437,189)|(2,407,048)|729,283|
|Reconciliation<br>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<br>E||2019<br>E|
|---|---|---|---|---|---|---|---|---|---|---|
|Fixed assets|||||||||||
|Tangible assets||||17|19,340,617||||19,037,031||
|Animal<br>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:<br>amounts||falling due after||25|||(3,676,031)|||(143,487)|
|one year|||||||||||
|Net assets|||||||18,922,021|||21,329,069|
|Charity funds<br>Restricted funds||||30||||324,109||293,968|
|Unrestricted<br>funds||||29|||||||
|Fixed asset funds|||||19,340,617|||||18,491,746|
|Designated<br>funds<br>Free reserves|||||80,041<br>~822,746|||||1,550,288<br>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<br>f|||2019<br>k|
|---|---|---|---|---|---|---|---|---|---|---|
|Fixed assets|||||||||||
|Tangible assets||||17|19,340,617|||19,037,031|||
|Animal<br>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<br>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<br>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<br>Purchase of intangible<br>fixed assets|||(1,578,208)||(359,573)<br>(12,711)||
|Proceeds from sale of property,|||23,400||||
|plant and equipment|||||||
|Net cash used in investing||||(1,552,113)||(363,466)|
|activities|||||||
|Financing<br>activities|||||||
|Repayment<br>offinance leases|||(20,003)||(11,734)||
|Drawdown<br>of loan|||4,300,000||||
|Net cash used in financing||||4,279,997||(11,734)|
|activities|||||||
|Change<br>in cash and cash||||1,590,847||833,030|
|equivalents<br>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|||||||





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|stimated<br>residual<br>value, ove|r their expected<br>us|eful<br>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<br>equipment||25%straight|line||





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## 

|ncome from|do|nations<br>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<br>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<br>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<br>Profit for the year|1,469,120<br>258,944|3,655,228<br>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<br>activiti|es||||
|---|---|---|---|---|
||Restricted|Unrestricted|Total|Total|
||funds|funds|funds|funds|
||2020|2020|2020|2019|
||E|6||6|
|Biological conservation<br>Science and learning|1,284<br>11,421|67,690<br>4,362,071|68,974<br>4,373,492|69,498<br>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<br>8|2020f|2020<br>8|2019<br>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<br>activities —U|nrestricted||||
|---|---|---|---|---|---|
||Biological|Science &||||
||conservation<br>8|learningf|Sustain ability<br>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<br>conservation<br>6|Science &<br>learning<br>6|Sustain ability<br>f|2020<br>6|2019<br>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<br>6|2020<br>6|2020<br>6|2019f|
||19,401|19,401|16,001|





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## 

## 

||||Staff|Depreciation<br>&|Other|||
|---|---|---|---|---|---|---|---|
||||costs|amortisation|costs|Total|Total|
||||2020<br>E|2020<br>8|2020<br>8|2020<br>f|2019<br>6|
|Expenditure||on||||||
|raising voluntary<br>income|||208,229|31,095|98,226|337,550|240,623|
|Expenditure<br>fundraising|on<br>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<br>fixed assets:||||
|Owned<br>by the charitable<br>Amortisation<br>of intangible<br>fixed||group<br> assets|838,967<br>3,575|820,601<br>2,929|
|Operating<br>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'<br>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<br>costs||88,190||
||||5,673,174|5,605,764|



||||2020|2019|
|---|---|---|---|---|
||||No.|No.|
|Charitable|activities||129|134|
|Cost of generating<br>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<br>F.|buildings|equipment|progressf|Total<br>8|
|Group and company||||||
|Cost||||||
|At 1 January 2020<br>Additions|1,417,411|24,198,409<br>41,789|2,677,075<br>129,637|381,463<br>1,406,782|28,674,358<br>1,578,208|
|Disposals|||(163,718)|-|(163,718)|
|Write Off ofcapital work in||||(432,253)|(432,253)|
|progress<br>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<br>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<br>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<br>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<br>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<br>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<br>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 <br>In two|one year<br> to five years|||43,130<br>130,518|42,245<br>157,244|
|||||173,648|199,489|
|Less future finance charges||||(14,960)|(20,798)|
|||||158,688|178,691|



## 

## 

|eferred|income||||
|---|---|---|---|---|
||||Grou|&Com<br>an|
||||2020|2019|
||||8|8|
|Deferred|income at start ofyear||571,586|554,691|
|Resources deferred<br>Amounts<br>released||during the year<br>from previous years|645,842<br>(571,586)|571,586<br>(554,691)|
|Deferred|income at end ofyear||645,842|571,586|





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## 

|econciliation<br>ofne|t move|ment|in funds|to net cash flow from op|erating<br>activities||
|---|---|---|---|---|---|---|
||||||2020|2019|
|||||||8|
|Net income for the year (as||per Statement||of Financial Activities)|(2,407,048)|729,283|
|Adjustment<br>for:|||||||
|Depreciation<br>&amortisation||charges|||842,542|823,530|
|Development<br>write-offs|||||432,253||
|Interest received|||||(2,694)|(8,818)|
|Loss on the sale offixed assets|||||(19,998)||
|Increase<br>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<br>6|f|2020<br>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|



## 



## 


## 

##