|||||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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||||Restricted|Unrestricted|Total|Total|
|---|---|---|---|---|---|---|
||||funds|funds|funds|funds|
||||2021|2021|2021|2020|
|||Note||8|8|E|
|Income from:|||||||
|Donations<br>and le acies|||||||
|Job retention scheme grant||||390,163|390,163|760,796|
|Other donations<br>and legacies|||157,837|1,212 705|1 370542|1 095934|
||||157,837|1,602,868|1,760,705|1,856,730|
|Other trading<br>activities||4, 5||2,812,158|2,812,158|1,727,970|
|Investments||6||486|486|2,694|
|Charitable<br>activities||7|16,417|6,400,921|6,417,338|4,442,466|
|Other income||8||45,020|45,020|278,149|
|Total income|||174,254|10,861,453|11,035,707|8,308,009|
|Expenditure<br>on:|||||||
|Raising funds||4,9|9,350|3,375,225|3,384,575|3,199,609|
|Charitable<br>activities||10,11|154,018|6,876,648|7,030,666|7,515,448|
|Total expenditure||13|163,368|10,251,873|10,415,241|10,715,057|
|Net income before|transfers||10,886|609,580|620,466|(2,407,048)|
|Transfers<br>between|funds||||||
|Net income, being|net||||||
|movement<br>in funds|||10,886|609,580|620,466|(2,407,048)|
|Reconciliation offunds:|||||||
|Totals funds at 1 January 2021|||324,109|18,597,912|18,922,021|21,329,069|
|Total funds at 31 December|||||||
|2021||31|334,995|19,207,492|19,542,487|18,922,021|





## 

||||||||2021||2020|
|---|---|---|---|---|---|---|---|---|---|
|||||Note|E||E||8|
|Fixed assets||||||||||
|Tangible assets||||17|18,851,775|||19,340,617||
|Animal<br>collection||||18||1||1||
|Total tangible assets|||||||18,851,776||19,340,618|
|Intangible assets||||19|||22,528||26,102|
||||||||18,874,304||19,366,720|
|Current assets||||||||||
|Stocks||||21|80,729|||102,036||
|Debtors||||22|284,|155||600,439||
|Cash at bank and|in|hand|||5,932,033|||4,669,535||
||||||6,296,917|||5,372,010||
|Creditors: amounts||falling|due within|23|(1,686,763)|||(2,140,678)||
|one year||||||||||
|Net current assets|||||||4,610,154||3,231,332|
|Total assets less|current||liabilities||||23,484,458||22,598,052|
|Creditors: amounts||falling|due after|24|||(3,941,971)||(3,676,031)|
|one year||||||||||
|Net assets|||||||19,542,487||18,922,021|
|Charity funds||||||||||
|Restricted funds||||29|||334,995||324,109|
|Unrestricted<br>funds||||28||||||
|Fixed asset funds|||||18,851,775||||19,340,617|
|Designated<br>funds<br>Free reserves|||||80,041<br>275,676||||80,041<br>~222244,|
|Total unrestricted|funds||||||19,207,492||18,597,912|
|Total funds||||30|||19,542,487||18,922,021|





|||||||2021||2020|
|---|---|---|---|---|---|---|---|---|
|||||Note||K|||
|Fixed assets|||||||||
|Tangible assets||||17|18,851,775||19,340,617||
|Animal<br>collection||||18|1||1||
|Total tangible assets||||||18,851,776||19,340,618|
|Intangible assets||||||22,528||26,102|
|Investments||||20||100,000||100,000|
|||||||18,974,304||19,466,720|
|Current assets|||||||||
|Stocks||||21|1,620||6,040||
|Debtors||||22|2,010,825||1,714,155||
|Cash at bank and|in|hand|||3,468,256||3,220,286||
||||||5,480,701||4,940,481||
|Creditors:<br>amounts||falling|due within|23|(1,626,882)||(2,068,315)||
|one year|||||||||
|Net current assets||||||3,853,819||2,872,166|
|Total Assets less|current||liabilities|||22,828,123||22,338,886|
|Creditors:<br>amounts||falling|due after|24||(3,941,971)||(3,676,031)|
|one year|||||||||
|Net assets||||||18,886,152||18,662,855|
|Charity funds|||||||||
|Restricted<br>funds||||29||334,995||324,109|
|Unrestricted<br>funds||||||18,551,157||18,338,746|
|Total funds||||||18,886,152||18,662,855|





## 

||||||2021||2020|
|---|---|---|---|---|---|---|---|
||||Note||K||6|
|Cash flows from operating||||||||
|activities||||||||
|Net cash|provided<br>by operating||32||1,747,237||(1,137,036)|
|activities||||||||
|Cash flows from investing||||||||
|activities||||||||
|Interest receivable|||||486|2,694||
|Purchase|oftangible fixed assets|||(374,797)||(1,578,208)||
|Proceeds|from sale of property,|||||23,400||
|plant and|equipment|||||||
|Net cash|used in investing||||(374,311)||(1,552,114)|
|activities||||||||
|Financing<br>activities||||||||
|Repayment<br>offinance leases||||(38,085)||(20,003)||
|Drawdown<br>ofloan||||4,300,000||4,300,000||
|Repayment<br>of loan||||(4,372,343)||||
|Net cash|used in financing||||(110,428)||4,279,997|
|activities||||||||
|Change|in cash and cash||||1,262,498||1,590,847|
|equivalents<br>in the year||||||||
|Cash and|cash equivalents|brought|||4,669,535||3,078,688|
|forward||||||||
|Cash and cash equivalents||carried|33||5,932,033||4,669,535|
|forward||||||||
|The notes|on pages 21 to 44|form part|ofthese|financial|statements.|||





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|Trading activities||||||
|---|---|---|---|---|---|
|||Restricted|Unrestricted|Total|Total|
|||funds|funds|funds|funds|
|||2021|2021 K|2021|.2020|
|||K||K|K|
|Charity trading income||||||
|Trading income|||2,810,688|2,810,688|1,727,150|
|Fundraising<br>and trading||||||
|expenses||||||
|Cost ofgoods sold|||950,381|950,381|555,212|
|Direct cost of Christmas|event||||715|
|Marketing|||42,675|42,675|28,452|
|All other costs|||306,210|306,210|215,641|
|Wages and salaries|||979,881|979,881|1,011,822|
|National<br>insurance|||45,878|45,878|48,337|
|Pension costs|||29,331|29,331|27,424|
|Staff related costs|||2,579|2,579|1,432|
|Support costs|||731,337|731,337|973,025|
||||3,088,272|3,088,272|2,862,060|
|Net income from trading|activities||(277,584)|(277,584)|(1,134,910)|



|summary<br>of Marwell|S|ervices Limited results are|as follows:||
|---|---|---|---|---|
||||2021|2020|
||||K|K|
|Turnover|||2,810,355|1,726,993|
|Other income including||CJRS income|110,736|213,064|
|Expenditure|||2,264,960|1,681,113|
|Profit for the year|||656 131|258,944|
|Net Assets ICapital|&|Reserves|756,131|358,944|



## 

||||Restricted|Unrestricted|Total|Total|
|---|---|---|---|---|---|---|
||||funds|funds|funds|funds|
||||2021|2021|2021|2020|
||||K|K|K|K|
|Provision|ofadministrative|services||1,470|1,470|820|





## 

## 

|||||Restricted|Unrestricted|Total|Total|
|---|---|---|---|---|---|---|---|
|||||funds|funds|funds|funds|
|||||2021|2021|2021|2020|
||||||6||K|
|Bank|&other|interest|receivable||486|486|2,694|



## 

||Restricted|Unrestricted|Total|Total|
|---|---|---|---|---|
||funds|funds|funds|funds|
||2021<br>K|2021<br>6|2021|2020f|
|Biological conservation||71,586|71,586|68,974|
|Science and learning|16,417|6,329,335|6,345,752|4,373,492|
||16,417|6,400,921|6,417,338|4,442,466|



## 

|||||Restricted|Unrestricted|Total|Total|
|---|---|---|---|---|---|---|---|
|||||funds|funds|funds|funds|
|||||2021<br>6|2021<br>6|2021f|2020<br>2|
|Rental|income||||45,009|45,009|27,556|
|Settlement||of insurance|claim||||250,000|
|Sundry|income|||||11|593|
||||||45,020|45,020|278,149|





## 

|osts ofgenerating<br>voluntary<br>i|ncome||||
|---|---|---|---|---|
||Restricted|Unrestricted|Total|Total|
||funds|funds|funds|funds|
||2021|2021|2021|2020|
||8|E|8|8|
|Costs ofgoods sold|9,350|6,027|15,377|8,359|
|Marketing||35,734|35,734|27,284|
|Staff and related costs||156,427|156,427|168,267|
|Support costs||64,128|64,128|120,801|
|All other costs||24,637|24,637|12,838|
||9,350|286,953|296,303|337,549|



## 

||Biological|Science &||||
|---|---|---|---|---|---|
||conservation|learning|Sustainability|2021|2020|
||E|8|||K|
|Direct animal|235,988||138,140|374,128|355,090|
|costs||||||
|Direct|174,091|24,533||198,624|128,622|
|conservation||||||
|costs||||||
|Park running|783,543|389,206|42,204|1,214,953|700,250|
|costs||||||
|Marketing||102,419||102,419|66,634|
|Staff and|2,203,913|798,947|106,590|3,109,450|3,346,144|
|related costs||||||
|Support|1,090,184|457,086|100,968|1,648,238|1,891,570|
|costs||||||
|Development|||||287,804|
|write-offs||||||
|All other|26,761|180,219|5,056|212,036|527,454|
|costs||||||
|Total|4,514,480|1,952,410|392,958|6859848|7,303,568|



## 

|osts|ofcharitable<br>act|ivities —Restricted|||||
|---|---|---|---|---|---|---|
|||Biological|Science 8|Sustainability|||
|||conservation|learning||2021|2020|
|||E|E||K|K|
|Direct|animal costs|95,962|||95,962|105,982|
|Direct|conservation|58,056|||58,056|86,497|
|costs|||||||
|Total||154,018|||154,018|192,479|





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## 

## 

|||Staff|Depreciation<br>&|Other|||
|---|---|---|---|---|---|---|
|||costs|amortisation|costs|Total|Total|
|||2021|2021|2021|2021|2020|
|||E|E|6|6||
|Expenditure|on||||||
|raising voluntary|||||||
|income||180,121|22,758|93,424|296,303|337,550|
|Expenditure|on||||||
|fundraising|trading|1,325,305|259,534|1,503,433|3,088,272|2,862,059|
|Costs of|||||||
|generating|funds|1,505,426|282,292|1,596,857|3,384,575|3,199,609|
|Biological|||||||
|conservation||2,592,709|386,881|1,688,908|4,668,498|4,664,297|
|Science and|||||||
|learning||964,860|162,209|825,341|1,952,410|2,427,467|
|Sustainability||143,375|35,831|213,752|392,958|404,283|
|Charitable|||||||
|activities||3,700,944|584,921|2,728,001|7,013,866|7,496,047|
|Expenditure|on||||||
|governance||||16,800|16,800|19,401|
|||5,206,370|867,213|4,341,658|10,415,241|10,715,057|



## 

|his is stated|afte|r chargin|g:||||
|---|---|---|---|---|---|---|
||||||2021|2020|
||||||6|6|
|Depreciation|of|tangible|fixed assets:||||
|Owned||by the charitable||group|836,953|814,701|
|Held|under finance lease||||26,686|24,266|
|Amortisation|of|intangible|fixed assets||3,574|3,575|
|Operating<br>lease||costs|||344,836|101,220|
|Development|write-offs|||||432,252|
|Government|grants||||390,163|760,796|
|Profit on sale|of|fixed asset||||19,996|





## 

## 

|ditors'<br>remuneration|ditors'<br>remuneration|ditors'<br>remuneration|||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|Fees payable to the|||company's||auditor|and|associates|2021||2020|
|||||||||6||6|
|Audit ofthe|financial||statements||ofthe|group and companies||16,800||16,000|
|Other services||||||||7,000||8,800|
|||||||||23,800||24,800|
|taff costs|||||||||||
|taff costs were as follows:|||||||||||
|||||||||2021f||2020<br>6|
|Wages and|salaries|||||||4,621,623||4,970,192|
|Social security costs||||||||340,694||383,770|
|Other pension costs||||||||219,354||231,022|
|Redundancy|costs|||||||24,696||88,190|
|||||||||5,206,367||5,673,174|
|he average|monthly||number,|of|employees||was 288 (2020:279)and the average||monthly||
|umber offull|time equivalent|||employees||during the year was as follows:|||||
|||||||||2021||2020|
|||||||||No.||No.|
|Charitable<br>activities||||||||121||129|
|Cost of generating||funds|||||||58|70|
|Support|||||||||17|19|
|||||||||196||218|



## 



## 

|taff|costs (continued)||||
|---|---|---|---|---|
|The|number of higher paid employees|was:|||
||||2021|2020|
||||No.|No.|
|In|the band F60,001 - E70,000||||
|In|the band 670,001 - E80,000||||
|In|the band F110,001 - E120,000||||
||||5|5|



## 

## 

|angible fixed assets||||||
|---|---|---|---|---|---|
|||Animal||||
||Freehold|houses||Capital||
||land and|and other|Plant and|work in||
||buildings|buildings|equipment|progress|Total|
||E|6|E|6|6|
|Group and company||||||
|Cost||||||
|At 1 January 2021|1,417,411|24,334,568|2,893,595|1,011,021|29,656,595|
|Additions|||196,283|178,514|374,797|
|Transfer between classes|||1,182,695|(1,182,695)||
|At 31 December 2021|1,417,411|24,334,568|4,272,573|6,840|30,031,392|
|Depreciation||||||
|At 1 January 2021|65,029|8,351,816|1,899,133||10,315,978|
|Charge for the year|4,394|660,963|198,282||863,639|
|At 31 December 2021|69,423|9,012,779|2,097,415||11,179,617|
|Net book value||||||
|At 31 December 2021|1,347,988|15,321,789|2,175,158|6,840|18,851,775|
|At 31 December 2020|1,352,382|15,982,752|994,462|1,011,021|19,340,617|





## 

## 

|The net|carrying<br>value oftangible|fixed assets for both the group and the company<br>includes|fixed assets for both the group and the company<br>includes|the|
|---|---|---|---|---|
|following|in respect ofassets held|under finance leases or hire purchase contracts.|||
|||2021<br>f||2020<br>f|
|Plant and equipment||240,113|266,799||



## 

|mal collection|||
|---|---|---|
|||Animal|
|Group and Company||collectionf|
|Valuation|||
|At 1 January 2021 and 31 December 2021|||
|ngible<br>fixed assets|||
||ITsystems||
||and software<br>f|Total<br>f|
|Group and company|||
|Cost|||
|At 1 January 2021|134,223|134,223|
|Additions|||
|At 31 December 2021|134,223|134,223|
|Amortisation|||
|At 1 January 2021|108,121|108,121|
|Charge for the year|3,574|3,574|
|At 31 December 2021|111,695|111,695|
|Net book value|||
|At 31 December 2021|22,528|22,528|
|At 31 December 2020|26,102|26,102|



## 



## 

## 

|||||Com|an|
|---|---|---|---|---|---|
|||||2021|2020|
|||||E|E|
|Shares|in|subsidiary|undertaking|100,000|100,000|
|||||100,000|100,000|



## 

|cks|||||||
|---|---|---|---|---|---|---|
|||Grou||Com|an||
|||2021|2020|2021||2020|
|||K|K|E||6|
|Goods for resale||58,765|80,568||||
|Consumables|stock|21,964|21,468|1,620||6,040|
|||80,729|102,036|1,620||6,040|



## 

|btors|||||||
|---|---|---|---|---|---|---|
||||Grou||Com|an|
||||2021|2020|2021|2020|
||||K|K|K|E|
|Trade debtors|||36,939|39,091|36,705|34,134|
|Amounts<br>owed by group undertakings|||||1,743,332|1,130,332|
|Other debtors|||7,935|283,465|7,935|283,465|
|Prepayments|and accrued|income|239,281|277,883|222,853|266,224|
||||284,155|600,439|2,010,825|1,714,155|





## 

## 

|ditors: Am|oun|ts|falli|ng due within one yea|r||||
|---|---|---|---|---|---|---|---|---|
||||||Grou||Com|an|
||||||2021|2020|2021|2020|
||||||6||6|6|
|Bank loans|||||367,740|745,675|367,740|745,675|
|Trade creditors|||||335,447|270,453|310,750|234,176|
|Obligations|under||finance leases||38,549|36,982|38,549|36,982|
|Other taxation||and|social security||117,527|159,583|117,527|159,583|
|Other creditors|||||3,972|48,072|3,496|37,559|
|Accruals and deferred||||income|823,528|879,913|788,820|854,340|
||||||1,686,763|2,140,678|1,626,882|2,068,315|
|ditors: Amounts|||falling due after one year||||||
||||||Grou||Com|an|
||||||2021f|2020f|2021<br>6|2020<br>f:|
|Bankloans|||||3,859,917|3,554,325|3,859,917|3,554,325|
|Obligations|under||finance leases||82,054|121,706|82,054|121,706|
||||||3,941,971|3,676,031|3,941,971|3,676,031|



## 

## 

||||2021|2020|
|---|---|---|---|---|
||||6||
|Bank loan|||4,227,657|4,300,000|
|Payable|within one year||224,276|745,675|
|Payable|between|two to five years by instalments|979,511|3,554,325|
|Payable|in more|than 5years by instalments|3,023,870||





## 

|Future|minimum|lease payments|due under finance leases:|2021|2020|
|---|---|---|---|---|---|
|||||6|6|
|Within|one year|||43,130|43,130|
|In two|to five years|||86,285|130,518|
|||||129,415|173,648|
|Less future finance charges||||(8,812)|(14,960)|
|||||120,603|158,688|



## 

|erred in|come|||||
|---|---|---|---|---|---|
|||||Grou|&Com<br>an|
|||||2021|2020|
|||||6|6|
|Deferred|income at start of||year|645,842|571,586|
|Resources deferred||during|the year|585,048|645,842|
|Amounts|released|from previous years||(645,842)|(571,586)|
|Deferred|income at end of||year|585,048|645,842|





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## 

||||||2021<br>f|2020<br>E|
|---|---|---|---|---|---|---|
|Net income for the|year (as|per Statement||of Financial Activities)|620,466|(2,407,048)|
|Adjustment<br>for:|||||||
|Depreciation<br>&amortisation||charges|||867,213|1,274,795|
|Interest received|||||(486)|(2,694)|
|Loss on the sale of|fixed assets|||||(19,998)|
|Increase<br>in stocks|||||21,307|14,763|
|Decrease/(increase)|in debtors||||316,284|(202,058)|
|(Decrease)/increase|in creditors||||(77,547)|205,204|
|Net cash provided|by operating||activities||1,747,237|(1,137,036)|
|alysis ofcash and|cash equivalents||||||
||||||2021f|2020<br>K|
|Cash in hand|||||5,932,033|4,669,535|
|Total|||||5,932,033|4,669,535|



## 

## 

|lysis ofc|hanges<br>in|net cash||||
|---|---|---|---|---|---|
||||1 January|Cash flows|31 December|
||||2021<br>E|f|2021|
|Cash in hand|||4,669,535|1,262,498|5,932,033|
|Obligations|under finance leases||(158,688)|38,085|(120,603)|
|Borrowings|excluding|overdrafts|(4,300,000)|72,343|(4,227,657)|
||||210,847|1,372,926|1,583,773|



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|At 31 December 2021 the group had future|At 31 December 2021 the group had future|minimum|rentals|payable under non-cancellable|payable under non-cancellable|
|---|---|---|---|---|---|
|operating|leases as follow:|||||
|Group|and Company|||2021|2020|
|||||E|E|
|Expiry|date:|||||
|Within|1 years|||82,627|20,244|
|Between 2 and 5years||||262,209|80,976|
|||||344,836|101,220|



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