Chwlty R•gl¥lr*llon Numb•r. 275433 (Eng1•Thl •fid WalMI
Conwny R•g1itrth Numb•r: 013S52721EnglwKI •nd W•lMI
MARWELL ￿LDLIFE
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

MARVIELL IMLDLIFE
CONTENTS
FCA THE YEAR ENDED 31 DECEMBER 20rJ
ft•f•rnn￿ and Adrnlnl•lr•lfv• D•t•ll• altt* Ch¥My and Ad¥l••rn
Chdffli*n'* St•tsm•rt
Tru•t••i R•port
5-12
Ind•p•nd•rf Audkn R•port
on•olld•t•d 8t•tsff•ni ol A¢ll¥lU•• 202J
115- 17
18
Cw••lld•l•d 8t•t•m•nt ol FIn￿ellI Acllvnkn 2022
19
CM•olld•l•d B•lan¢• 8l*•t
20
com￿nY S￿￿¢• 8h••t
21
CoMdld•l•d ¢••h Flow 8tstsm•nt
N(rt•• to th• Fln•n¢lal St*•ffl•nl•
23-48

MARWELL WILDLIFE
IA Company Umited By Guarant￿}
TRUSTEES
FOR THE YEAR ENOED 31 DECEMBER 2023
trIRIRemunernUon CorNnrtte¢
Andrew Wonn. BA Hons. FCA. MBA-Vk• Clmlr. Cha* olthtr Busln•$8 0¢￿19PM￿ Comtrtt••,
M•mb•r of th¢ HRIR•Mun•f•1￿ a Chw ol thè Nonmnal￿1 CCTr￿•￿
Rlehard M•rk Ch•rt•f- MIM￿1 olBuskne8• Ov4eloprnni Comrrttte•
Tw8• Frosl. M•rT*•r ol No￿n•10n$ Coffrtl•• and Ch•lr olthe HR & Renwn•rnOon Coromlll•e
Janhii B•4•y l¥ppoknted 09105r2023F Ch•6r olth• Market￿9 ctyny￿e•
Simon Tong• Iippoknl¢d 09105r2023F Meth Lrftho Ctsnwpmtkn Comndll••
Nltola RObITr￿n, V•tMB, MRCVS- Chalr 01lh• Ethu Coffwnrti¢•
Olane WalklnO￿ BS¢ H¢)ns,- Chilr ol lh• Con•w¥•lon Comnkn• •rtd M•n*•r (rtth• Nonln•llon
Cornmitt••
Ad￿n N••l. FRICS MClA￿- Memb•r ofth• Buth￿ Dev•h¥fftont Con￿￿1￿•
O•vKI st•￿•r. CIMSPA. IBu¥n•si Dw•lopmenii lrnyrnd 09klSQ0231
P•t•r Jakob. 8Sc. CIM IM•rt•tlngl Ir•ltr•d 0gAJ3R0231
Oavld Pape, Msc. MCIEEM. IC0￿•￿•110nj Irulgn•d 1fy1)Ir20231

MARWELL WILDLIFE
REFERENCE AND ADMINISTRATIVE DETAILS THE CHARrrY AND ADVISERS
FOR THE YEAR ENDED 31 DECEMBER 2W23
C•mp•ny r•gl•t•r•d numb
01355272
Ch•rlty r•gl•tw•d n¥mb•r
275433
R••l•t•Md olll¢•
ehhl •x•cullv• ¢)fflc•r
Jam0• Cr•tsW {rn•W•d 31 21fd4}
LO￿ R••d l•ppolnled 06 Marth 2024)
Ind•p•nd•nt •¥dlt4X
2•t• Sw4k••, Alhwl• Trbxo•, 1fy14 Arth¥•r Ro•d. WirKl*iw. S023 7BS
B•nk•rn
P•rf8 sI￿1h LLP, Nwnb•r 1 London Ro•J. SCA￿￿P1￿1. H￿P11￿•, S015 2AE

MhRWELL WILDLIFE
CHAJRMAN'S STATEMENT
FOR THE YEAR ENDED 31 OECEMBER 2023
2023 ha5 brought a m5xlwe of fortvn85 to UaThv81 Wldlrfe.
We remain set ao8inst a Challengi￿ b8thdfW ol a towJh w￿￿niC￿l￿al•. iisiry CA￿1$. inlemational
turbulence &nd rodLvd consurnr cth)nffidW￿. ￿1h0￿Jb w entered th• year wlh hsgh 18vèls ol confidence
And on the back of 8 vary S￿¢￿$s￿ fir51 yeaw of lh8 Wbnter event. some vtry and slomy weath¢r
over March & ￿ri1, including the key Easièr trath"ThJ ￿rIC￿l. mearn that Inc(Thè levels were 6wJThific8ntty
impa¢i¢d. The wet we8th¢r hit 4ain in Jity as the VK headed Into hc4iday$ 85 a resuli ol both
ol these S￿113 of rain courAe(I wlh Ihe *ioèr ba(*drop 85 descriW. our annual irKofr￿J was reduGed Irom
2022 levels by dr¢a £750.000 10 £11.71rn for the year However. th¢5 was 8 wgnilK8nt uptum lo the
pr•dici8d perfO￿anCe Bt the eThJ of Augusl 2023, due kn 50rne c8rgfully exaojled ovents over Ihe Oclobor
lemi and a very s￿￿$s1L￿ evenl thfwghout Ntsvembof a￿1 Docambor as Gk￿ r8twngd lor a bigger.
be¢t•r and more cornmwdalty luerafve 6econd y•ar.
In Additi¢M to the belt81 Ihan lor8cèsted incLJme lor Ihg fin81 quartèr of the yèar, otsi learns worfKed vèry
hard to rèduce c*Jr cost base by almost £480.OCQ ¥ersu$ the bud9et we had set 8t Ihe start of the ye•r.
Thls agile and ¢wKk rtsponae lo the 9rwsry •¢0￿mIC wè lac•(J, a thaU•ngiry
budgeting PfOCe¥S lo fac4lila18 2024. placod conBKlarabk strain on thg OTgani98b"on rfg P80pI&. and
Ihey Should bè Congrat￿￿0￿ lor Ihe dedicatth they hav¢ shcr•m This agikty and 4￿1￿￿jne$S Io go the
oxtra mi18 can be lound in 11￿ch that %4e do aThJ cOntrib￿•d 6ignikonty to lh• $u¢¢es5 gf Gknv bolh in
2022 and 2023. The rxJnlinuiTrJ •ffon glv•n ty Ouf people a k8y strength for our
vlbranl org8niso1ion.
88cause of the tak8n by the te8ffl. Mom￿1 w•s ab* lo athigv¢ an un￿51￿￿￿ EBITDA surplus of
£317.CQ5 in 2023. 0 resuh that at Ihè A￿d-poiftt ol the yw l(*Jk•d impossib￿.
Olfficulbes In the r8cruilrnenl of sorne guest lacin9 roles knpac￿0 cwjr peo￿* durfng iha year 8nd Called for
many lo flex the day ￿b 10 make suwe we ￿¥0¥￿08d ￿1h a filing •xperienco. Whllst the impact
are nol imm￿late1Y apparent. we look to athjress the gtuaiicn find sduOonJ io ouithforce
shortages, faGiltiaUng Ihe rwJht peoplo. baiw in the right pla¢•. ¢SJry the r•3ht
We Bre also delighted lo N￿lIah1 $om noiBtdfr och'gvgnb3nts Ilwh)ul tha year, noi leasl WALI
Conservatlon Awaryl lor wtyk with ihe Sckniiar Hort￿￿ Oryx, ¥thich w85 awarded to Marns*ll in ¢ktob8r.
Subwuenlly %4e were delighted lo knarn Ih8t Ihe gFttiOts had been raclassif*d by the IUCN from Extinct in
the ¢0 Endar￿er8d 8rifiG￿G Ihi$ $peclos back Irom lh8 brink has a ccllaboralivo elfort ol
90vomrnonts and con6wvalh)r* c¥gaf¥$ationi, one that has F4ay•d a very subslanlial rolé In. The
W￿1• 18am wors very of the part thai have played in a inCred￿Y posltfve fesult lor rgsioring
naiwè.
Throu9h our èskblished ¢cffiseTh4tin programmes, Induding supporting Grevy's zebra recovtsry in Kènya.
we've cvllivaled INsted fy18ti0￿1￿p$ and irtsvJhts. pavkn)g Ihe way lor inTh)v8tlon. For exampl•, our work
usiro dron88 and arufKial int8llKJ0rt8 Is lever￿rrfj technok)gies lo prowde new ￿nserVatIon
solutlons. Equalty. our ongoing worf( sn Bhulan shows how'old irttelk"gence' from ¢ultural herilage can oir
new ways io $8fegyard bgers and snow leopards.
For our anirnals, •re InfThfalions i) thetr care. irKlutht¥J In 8$￿$6m•nI8 and nutrilion All
Ihe58 strand$ come logeiher ￿ Oltr cor￿0￿￿1¢￿ Straleyy VA$ pvU15hed 01 the of 2022. I￿S
h85 started lo have an irnpact in 2W23.
We w*re ty•86e¢J to startwoth oft the extèn*on to our l•yv(1 grtlosure dudng the laiièr half tsf the
year and we bok fo￿8￿ to wdcomiThJ our new srKM Iwpard wkno Is J(AThiry u$ in 2024 to lfve al￿g•Ide
lrina in ihew rn￿h 18rger ￿￿k)SUre, partially funded by our mambers and
One of Ihe bi93est ¢hBnw Ihat ma￿11 Wiklrfe has tn1$ past y•ar was Ihe departu¥8 of our Chig1
ExecutNe of the past 18 years, Dr Jarn•s Crelney. Javres18ft tho txgani8aY¢)n after the end of the
year. Thè board & l offer our sincere iwks and t*st ￿ls￿S to l*rn after S￿h a long and 8￿c*s51u1 lin
leading Ihe organisat￿.

MARWELL WILDLIFE
CHAIRMM'S STATEMENT
FOR THE YEAR ENDED 31 OECEIA8ER 2023
roie. Lourn 8tsrted In M8rrli 2024 aTh81g bwy 9•tbry4 to krvw th¢ ￿Ore the •xe
Fr8
¢C•ffrny
kn)an olth• 8o•rd clTn*
D•t•'.

MARWELL WLDLIFE
TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT AND STRATEGIC REPORTI
FOR THE YEAR ENDED 31 DECEMBER 2023
Wldlfe, is a regnlerttl eh•ity 8ry1 ¢rmpany limthj byguaranie•. ebathy number 275433, company
numtw 0135$272. The Iw5tees. who a￿ also itirectOf5 l¢y tl* purposes ol companies leoisl8tion, hav8
pleasure in presenbng iheir rèwrt and financial staleThnts oflhe Charity lortha yoaigndod 31 Dècember
2023. Thesg t￿n￿Y with wrmt staknty *i￿allOn aThJ Ihe nwcrtndum and artides of assorA8ticm.
STRATEGIC REPORT
Obl•ctlv•• •nd AGtlvltl•s
Mls#bon•, Obhds •nd Alm¥
The Chartty'8 mlulon ai r¢ffiect￿ Ni Its otpcts is Ihe advanumenl of enwlronmental prolectlon and ol
educatlon lor the public b8nefd by..
ProrTrJliivJ tho conse￿8￿￿ ol ts'ob3Kal and Other natural r¢s0v￿￿ in part￿￿lar by mstorirYJ ond
mBiniotning 6perio$. habitals and funeliM*J e¢o8yst8rns', sc*nbfK mèn￿err*n1 ol assufance
rxspulaliorts., ard •nvironmenlal the￿￿.,
AdvanrAng Ihe undetstsndlrrtj pro[r￿t$ng the be￿$ (Jl nature lor goryety, humon wealth.
wdlt*iNJ and oualsty ol ble and ertOW8ging p8￿c1P6b￿ of indivi¢*Jal#. Comn￿nItieS and wdgr
soeAety In the ￿n??1¥9￿ ol t¥ok•)tal and other ￿8￿rI ￿sOUrC￿ and lh• •nvIronn￿t,.
Prèc161ing and promob'rg envifonmentsl proieth.on aThJ Suslainabilty a5 8n eXern￿ar and Ihrowjh
¢￿￿819ning gThJ ad¥c￿eY.
Undwlaklrtg arK$ 8hariw fv rewlts cd I￿*￿¢￿, and expeditkni,. WKY providlvd
opportunities for scienlrfK •d￿Allon and Ir*'ning.' and
Malnlalning and dtvelopiw 8 zoologk* paFk a5 # plx• crf kn*ning and ￿￿￿Yment and 8dv8nofig
the husbandry. w•llare and ccwer¥a¥on tyl ￿lM*.
Slgnffl¢•nl A￿1¥111•• ¢hit Alm•
ReJIC￿ng nabJr¢ by coMep4lng I[￿a&S reUes￿l￿h￿vJ dfver60. healihy ec45yslems",
A￿V￿c1￿j the and pracOs• cl wdmal eare wilh a e¥id&nce based 8ppro8th,'
Promtitirrfd $￿taInable liviThJ, coi¥wJ Ic* the wrf18r 8nvtronment and d8monJtratino pradcab
¥olullon$ to glo￿ ¢hallerYJ￿, 85 rad￿, wal•r tonaervalion and 8UStainoble
sourciTra.'
calaty￿n￿ ch8r4J•ty v4Jwir¥J Ind¥hXth. r•)mnwr¥tse•and ￿*1￿(*1￿M￿ke19 lo make
a drffwencg.,
EdurAllon ol $GhC￿ chikjren in Ihe UK and inlemallor￿.'
WorkiTrJ with cornmufiilies ck4e to in-￿1 cor4￿￿1￿ prohcts lo develop $trBtèg1•s for SUCC￿￿￿1
CO-•XiStorKe speciés.
Buildin9 ¢ap¥lty for cOnse￿tIon thrthoh p￿￿$1)n ol tralnklg and QU￿1T￿lI0r￿N,. and
on our exp¢rtenc8S to Influen￿ Ical. rntyonal and Intemati￿?l cowrvaiion Folw and
Publ1¢ b•n•fft
The Twstaes confim ihai t￿Y have ccrfnFd*(I wlh the in Ch#rfti88 A(a 2011 to hav• duè r•gard to
public benefil gi*dance Issued ty th8 Charity cL￿mISS￿.
The Tnjstees bdiève ihai Ihe pursuh ol Aims prowdes a benefrt in the 8reag oled￿at￿, s¢1•ntthc
research and Ihè conservation of erKlangervil S￿leS aTrl their habitat5. Whllst in rxd8r lo cover the hljh
osts DI Opera￿ng Marwdl Zoo. admisgon lees we charg9d. whon semling level of fees consideration 1$
given Io 8cce$sitMlity lo Ihe publie. DIsC￿nts are ava4atyÈlor S¢￿ thslls. studenls. pensioners and famrfiès
DisatrAed guests 8fe entiued to frèe ad￿￿86th for a ear*r. tharwJe m•Je hjr a sclhjol dassroom Bes5￿￿
iaughl by ￿hOUse educal*Jn le￿ 13 wdl belcfft m8rket r*ts In order lo rèac* as marsy pup4s 8S
po$&ble.

MARWELL WLDLIFE
TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT STRATEGIC REPORT)
FOR THE YEAR ENDED 31 DECEMBER 2023
Ernploy•••
Th8 key aim for 2023 had ¢0 be the rebui1th￿j wesi&wtt 8ThJ ow pecyle bxk lo
strr￿g physical and mentsl health. In support ol ttms reintrtsjwed th¢ employee Cash Pl￿, undertook an
InfomiaDve staff 5uvey la knfipera￿e L*•ck ol cw paopiel ￿ Ihe first hall ol the year and Int￿lUc￿&
programme of Health Swoillanct I￿1¢￿1￿1 HarK1 and Arni Vit*aticn. H&anr¥J 8ntJ Luw Fu
sling.
The challeTrJes ol an increasingly volalAe labryjr math81 hpah1￿htsd tho need for us to r*m81n ahead of th•
9am& and a91￿ in the ways allfdcaod * rnwned ow pwle. The w•y$ in whi¢h rg8ource(J our
vibrant (Kganis8tlon rarna¥￿d fj￿r and #ayed creatN* a￿1 proactsve in ow approach lo
acqulrtng and vetolnirrtj talent wllh 8 ¥pKift fooJs on IfKrea$irwJ our of Vdunieers. This, againsi
bockdtyp of e¥er-in¢fyasirvJ costs, speryfKallywth Ihe annual ii6è in nalional living woge fa18s and omployef
pension ctythbution5, noaded to be balanced by the re¢JeswJn of ovr oryanlsallon and ryjnsequenl
rèdunL1and88 èarly in Ihe yè8r.
Th8 futur• shaFe ar¥1 health ol our ¢wlture rwn•ins lh8 rgsp)n*tslty ol us all, and $0 we JlTbVe to ksèp all
ernF4oy•es and volunteers c￿nt¢led to th• •thievemenl of MA￿¥.$ goals and objtcb'¥¢$. A5 in previDIII
years. Èmployee Èngagemeni sai front and centr8 of our [￿u5 as we looke(I its communlcate ex¢on5ivdy,
Suriro ernpbyee w*rftrrtrtionwas thder3tr*>J. cry8nisats.on p￿$ wero daaf and that all our èxtraordinary
tffort$, part1cv￿ity in Ihe provS8lon ol Gfv 2023, ￿ntInued lo b¢ celetrnted.
Sty)n aftertlw d 2023. loThJ dmo Clwsl ExKuliv•, James Crnln¢y ￿pped dcr*n from Tcle at MaThvo11
Wildbfe. We Ih3nk Jam# erK)rrr￿3lY l(* hls 18 yearn ol dadica¢K￿ and 18a¢knhip A recruilment process
was ccnducted quarter f¢)ur of the yèar aTrY Laur8 Reèd wa5 8ppointed ID the poskion. Laura has
background in ￿￿￿'n81th rMrwJ$m￿L retsll. hosFlto11ty wd Lwa jiwd MaThv•ll Wildlrfe in Marth
2024.
Fundr•l•lry St•i•m•ni
Wè liké to thwtk ￿ fur#Jr8i$èrs for all Ihe 9e￿r0￿ sw)PDrt you hav• t¥OVKi•d to lh•
charity duriry the year.
Th• Chartty l¥ 8 m•n*r rl Ih• Fur*JrobirrfJ Regu￿101. l*)kJs Ihe Code ol Fundr•lgiffj Prac￿¢0 th•
UK. Our approach 1$ lo ensfft thai t))rn￿y *llh thg Standwts as let ovt in the Cc*J• acmss all ol o
fundrgising 8¢b*ity. We th) nc* èngage wih 8ny third pgrty fvndrnlsers. We compty key piinciplos
and ￿118¥1￿[5 ol the Ccrfl• to onsure that any vulnorablè persM5 ar• treatad fairty. All hJndr8i5ws are
reqvlred tp demonstrat• an Y￿￿t8￿j1￿ of CoJ• and mak¢ a commith)enl lo uphold Its ¥alue6 wh•n
Ihey je4n Ihe Charity
Our awroych1gon•%*thkh•nswegthallhe ￿p[￿￿￿on olth•Ch8rtty1s m8intslr*d at a hlgh lfrvel. Throw￿
lh8 organistrtlon, mwntain wofes$l0n￿ slarbdards of with all 8tskelwld8rs. and we
[￿de oursthej on bdrKJ an apFxo8thaL4e 8nd profgswonBI charity.
er the cours• ol lh8 ￿Or we have rTh)niiored ow l￿drO181)g a¢XNlJ8s closdy. Wo receiv8d no com￿￿￿1¥
in rel8ts.on to any fU￿ra[51￿ xiwit￿8. FUrfh8mKj￿ we have rthi appointed a p8rnanÈTrl full time Head ol
Fundfai6irg In the Proce￿ rrf Intmdudry a rw IwthialrvJ rdalfowm.
Athitv•mnt• •nd p•rfornianc• *9•lMt oW¢tlv•s
At lh8 end of 2022, mar￿11 wldlrfo p￿A￿shed wr Conser￿all)n Slrate9y for 2023-2028 vthich B(Jopts
Con5ervaUon Heahh approach to suppO￿ng Natu￿.5 Recovery. This 8pproa(* will align Ihe themes ol
Heallh, COnn￿￿On anLI In￿vati(￿ and Kno5￿8￿J• Excharye Tht5 Kxov*Jed our aims and owlvgs lor
2023 under the heathngs ol Health. Connecbon KnuAedge Exchange and Innovation.

FAARWELL WILOLIFE
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT AND STRATEGIC REPORTI
FOR THE YEAR ENDED 31 DECEMBER 2023
With Ihese Strateg￿ 6r•as in rr4nd. in 2U23 to..
H￿1th
Vndertake •wI(*J￿1 rgslornttii. mnwJ8ment aryl n￿nItI¥l￿ a¢yoss tho ma￿￿1 estate and EelnKKJr
Marsh SSSI. We w￿1 begin e¥ploMg ¢reat8 a ma￿11 Nature Resefft. providing greatei
cornmunity 8￿39￿ment. aNJ offertrvj ethanC￿ nawral spaeos *Mder sgctor5 of th* pu￿1¢
Dev•lop the Anim81 WeNar8 Ass&8$ff￿rt Grid alryside Ivrther Jdvartes in animal training and our
posiiryelrfo èxp6rf8nce progrnmm• for Ihe benefit of 200 anima￿ aninals INing in silu
Support and develr• afforfs io rgstor8 anttiope and g¢Q#yStems In North Alri¢o,
spearh83dod through our ongtyrg ettons in TuniJl•.
Ilaintain Ihe b1(x1￿r$lty t￿ng un(lertaken by our ccthnwnily scout5 in norfhern Kony8.
We will ￿$0 use our *xperknse lo sustainable water swpty * ¢ommurtit*s In ramote
kKations in K¢ny8.
Connectlon..
Develop educati¢)n Opportuni￿e$ lor schools and puNlc errfJagwwnt ac￿￿5 promollng 8nvlfonm8nlal
literacy. 8mpathy and Unde￿land1￿ ol the Val￿ ol n8tLWe.
Oeliver nalure-b8s￿. Out¢*)￿ le8rniTrJ ILY chlldren the K￿3 Love
Nature Klnd8rparten 31 Marwgw.
Create vdunlary Opp￿UnItsOs for in(MvpthJals 9fOUP5 to ￿n1ribthe lo conse￿811
Gather evidencè on presence ond sta￿S ol ￿￿￿tre. a8xe$$ human impacts on envLronm•nl. and
facilitslg Commun￿tY-bos8d con6eThallon and thher part￿lsh￿S aLYOSS fo¢al •rn•s in North and East
Alri￿.
Contynue wrwider supp)rtln Africa. •¥plrykng ilrntw •fKI funding p8nnershlp3 to &nhatrA
Iu¢81ion d•lfv•ry.
Kn¢Y￿edge Exchar*Je and InnovatK)n'.
Improv8 our hebl nètwoth Ilnking f￿her bU¥d￿98 SUPF4igd ty +)n stte kAv-cathn •nwgy
Continue efiorts lo èxpwd cThslte gerw81i)n of #dar 8rwgy.
Modèl the cath balan￿ of ¢)ur hxal 9lobBI adions. part ol ow •￿￿0 tow8nls ￿rb￿ wtral and
nef.z•ro.
Ddiv8r MR•6 pl￿Van￿￿ in Wildrf• C¢￿90￿￿(*) In cdlaborotkrt vAth the Unfver&ty ol
Soulhampton.
Develop a digital spatbal y8t¢m f¢x Ihe zfy) and ￿¥jer envknonmènt.
Deliver final yèw eleth"vezcol(4ical medKine irtrnmural rotstlon thr1eaC￿ng 8VMSo studènts
Irom Ihe School of Veterinary me(lii?n8. Univenily of SuTry.
Offer ovr on*oirMa suppNt to thè IUCN Ihrowh Guppwl oTh1 h0811ry the Ani•lopo Specialr4t Gro
wilhin the Specles SurvNal Comn*sslon.
Continue to SUPPOrt policy de¥¢lopmeni tsr Mlufe'j r•co¥ery •p•o•i eon6erv•tion n¥tlon81ty on
Intemationalty.
In 2U23. wo have ￿11¥¢d Ihe foll¢>￿1¥4..
H8allh
Enhanced ihe habilals on thè land 9urrou￿1￿￿ Marwow Z¢0 by ovgr 9.000 nabve trees. which
ovl¢l8d valuable habll4t¥ w¢othond ¥￿tIeS to enhanco b"othv*Nty. Uwng cw•ful iu8185n&blg
m8n8oem8nt wt are atme lo util￿8 local K08ysiam a$ a resourc• for ￿ aninals in wr earo.
ncluding the prov1$￿n of fcrye.
Our landscape manwent 18am coniinue lo Ma￿￿n access to wcty>Jland* and gro8sland6.
Foll￿1￿ locamy exireme wnd speeds, in a hLwrlcang. that ¢aused extensive darna9è lo our
woodlands, wo have also wortetl harij to engjre safety for our siaff. 0111¢￿TI88mkn9 wogrammes and
other mewrtjefs of the public. senthiely mainiwniry our tsodiversity and #cosyslem v81ue
On Eelmoor Plaf5h SSSI, our oryoiNJ e(x)systern management. indudng Ihe use of our caitle and
Przewa15Ki horse her¢s to a(X as £¢dog￿l en&¥neer5. * have c£￿$￿$1￿tfy maintsined the F8vourable
Status of tha site (the highe5118vdl We saw S￿￿￿C8n1 impact from wr inlen5ive habitals management
wo￿. inclvding mowiThJ to help orcl*ds, scrub managemeni 10 help veptile$, incJudirYJ sand loards. bird$,
butlerflies atKJ other inv8rtd)rdie$. and weuand rnanagement to help dragonfii85 and damseMIK9s and
$p8cialsst ￿8￿15 s￿h a$ sundv+￿ and other carr￿¥￿0￿S speci85. (X ntste we were delyhled 10 See
slroryJ inuoas8s in breedry pqxlatiOAS of noted s￿1¢$ wKlu¢kn9 lh￿en￿lI Darlford w8rbl¢rs and
nwJhli8rs.

MARWELL WILDLIFE
TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT AND STRATEGIC REPORT)
FOR TWE YEAR ENDED 31 DECEMBER 2023
In t0￿gnitIOn of our lorg-lerrn efforts with part1￿ to wtelope aTrJ recover thèir ecosysterns in
North Aln"ca, we wt delNJhted 19 win Ihe Wcdd A$S￿￿￿tIOn ol Zoo$ and Aquaria's IWAZAI
Consery*ion Award for scinwlar.homed oryx in T(tht￿a. Thrwh these and ouroth8rwrJrk
we wwe ￿￿g￿lS6d for ha¥iTrJ sigi¥fi¢artty el￿rIbu1ed kj the change ol Red List staiug for Ihl$ s￿leS
from Extincl in the Wthj lo EndaThJered. The award frrm WAZA Is nol lust a recc#Jnilion of our
8chiavemenl8 In c£￿8•rVal1Cffi and deveWitrYd the ne￿ generolion ol conserv8￿¢)nists in Tunisia, ￿11 a
rernind*r of tha reskwsknility Ihat I￿5 thao.
Last yeaf reported on Ibe ￿lenIle$S dr(wght in N￿thern Kenya. which stsrt8d in 2021 Thankfully, il
rmlty en¢Jed in March 2023 wthen the rain rthumeo lo a very paf¢hed landscape. The extreme droLb)ht
posed a risk io Ihe suthal Of the enlire core popul8tson ol Gre￿,8 zetrfa. Our $coul teams tireless
prow+Yed hyndreds ol GrwY6 zgbra whh daly SUPF4em8rt8ry hay TrainiNJ was provided 10 a96e$s Ihg
body t£*rsdition ol zebra$ athiThster Thnernls And other nutri8nl Sup￿•Ments nooded lo the
unprecedented 1gThJlh ol Ihis drc￿hI. Wth ￿Man ¢(Mr￿n•t*$ 8120 suNenNJ terribty, we provlded hay
io SUFV)rt P8sloralists and IFwr hve5ttxk. The oynmunili85 ra8cl￿ magnificerbily. even 5harirKJ the Illve
waler thoy had wilh tha zebras. and alertiw w fielLI teBm5 for help wthene¥¢r G￿￿,8 were foun¢J weak
or Injured This was a greal lestwn8nt io Ihe kny-ttmi tru6¢gd re131ion5hw we have t￿1￿ tCO3ether. A
further Ihreal lo the G￿vy'S zel¥a arising from Ihe drought W8$ an increase in poachlng, Our 6covIS
worked do8ety wilh Iha Kenya Wiidlilo Servs¢t10 wpp)rt vgtennary care for inhjred ztbrn an(1 10 8ssi#t
wilh th¢ of poachw5. wlh Ihe help of tommunities.
So much of our re13tbnsN￿ Mih c0rrffiu￿l)eS kn thythem Keny¥ ￿ lothyed on our deep.rooled
)mtxtiM Io a59iSt thgm wilh li¥elkncod$ and s￿)¢*¥1 lor their c(m￿nUed ats'lity lo INe In an Increaslng
dcgfaded ecfj$ys18ffl. We havt Pfovidgd 8c4ar ovw a nurnber of ygws. I￿uding lh8 provislon of
8L18tainabl• aThd relb8blo sdar Ib?htry 8r*J Cha￿￿￿j ￿pathlitIeS Icrf commurNly dlnks. In 2023
conunwj this wort vlth 0)mmw)It￿S arouThl Soulh Horv. and 8150 SUFPrtd the provi8lon olyegr-round
water Iwm regiM81 to ATh￿.
Conn8clii)n.'
r 8¢hool 8nd prfr5c1￿ ethc8bcni•wnsprow•Jed lfvx9htw0￿k17g Nrtwathe ￿j111c￿l￿m.IbftkOd
leaming sessions lo tr•er 15,000 PU￿15 in2023, wlh 32,C(K) wpils a￿vIs￿.￿ ￿ Ih&r6choo15. SF*dal
8ttention was p8id 10 increasiThJ irKlu$Nrty 8nd Temoviw the Io ow F￿1610n. Whlle w8 Is￿d
rtduc4d.rate tickets to SUPPOn 8 sdec# ft￿nber of schcds. we also imwovod $upp)rt for groups wrfh
hlgh prcyjrtion of pupi15 wilh special edw￿¢￿￿n* rbeed¥ and di88ts1￿.*W. Furthermore, we provided
lèamiry support to Lwer 1,6W horntr ￿￿le1j thildM.
IAeaThl¥lo our C￿a￿l¥jon with the ￿-s11* kindwgarten Kld$ Lcwe Natur8 moved from SI￿ryIh to
slren9th. Our flndiryJs 51th¥ the 2*year-old$. with Iwr•, becoff* rn0￿ wrnlortat4e in natural space8 a
Ihelr 0•50cialbns ￿1th nature b￿ne thry¢asir#Jly posstfve. Eneowwing ¥pans lor our outdoDr19oming
melhodol(*Jy and 6tr2 h(KJrs wYlk6peni in ¢ur p¥k and n8lural land5C8PgS.
ln 2023 w• were •551st￿ ty 116 vc4unt•8rn, wthK)g8n8rr*Aty ￿¢￿aled ovw9.C(Q hours In supprylol Dur
work. We Inllialed our mosi ambibous wellbeing project yet, Irl•l•ng"Accesi Ad¥enlure", Dn NHS-funded
green social prescribing wwamme. The ro￿ that ¢onne¢b'on •nd Jccess lo n•tyr¢ plays for people's
physical menw wellbeiny is well kntrwn, and 9T￿￿ soc6al txe8Crit4ng Is the pract￿* ol supportir
pecfjle in èngaging irn nèture.based acliwties io improve iheir mental h881th Our ycgrammes ar8
evalu8ied t￿h a IK)listK al.ri5% ywng peop￿ in cdlaboration Mth w￿￿h￿SIer Unlver5ity.
Our 22 Community4￿$￿￿ ¢￿servatIe*) scouts, based ai 11 slations In Norfh8m Kenya undartook 2.143
Polrols in 2023, coverirvJ a lot81 distane• of 16.(XJ)km #¢¥0$8 SarnbJw and Marsabt A iotal of
75 Grevy's zebia inth"vidua15 worded on 59 O￿asK￿5. wlhin groups between of bèNween 2 8nd
20 anirnals. TNS ￿￿85ents a SLthtantial Wuease ￿ syahting fwwJntAes and provides soma
assur8nee th91 the n￿su￿8 Wen by ¢M t•am lo allwiale drought impacls have been successful.
dedsca￿On ol $c¢yrts and thè surwt ol commlmltles we M￿ht otheThd$e have been
ieporbThg reglLwal ex11￿￿tIon of Gre¥y s zeb¥a. This dearty tsemonstrates the value of thi$ work and the
5urwrt M3Thvdl Wiwe fwlitsles. OccuryBrte for gthèi wi6s 8lso shrhved positiv• trends, wrth the
excew'on of Ilons aTrJ L1oJs. FLKI￿r *rJrk is being rAanned to exbmine Ihe potenual L8sue5 around
ccrtlictwih livestodt herthrs th¥0￿h our scrxts and trus*d partnwthps with local KWS wardens, and
through our ¢onwnunity and herder outre*h effuts.
(ContiDuad on ￿￿1 pag•l.

MARWELL WILDLIFE
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT AND STRATEGIC REPORTI
FOR THE YEAR ENDED 310ECEPIBER 2023
In TuNsia ￿ saitj goodbye lo cdl8agL* Amira Sahli and moham￿ Khglil M81iane as they lakè
new ￿e9 al Ihe Universlly of FINida. We Ihank tr*m for their hard dedicBtyon and w5h thwn
every SLKcess in Ihty"r venlLwes. Khalil 8ThJ Ar￿"la i0¥￿d th• Marw811 team as masier $tud*nt$ and
we have supported th8m thrO￿h their PhDs al Turws Al Man)r Univerrity. wNle they have
undertaking our field prcgrrns In TunLsk. Our￿￿rg woth r￿)n￿onrO *ikllrfe in TUnI￿a is cuffendy
b8iNJ carrfed out by partnèrs al AsKKiabon T￿lS￿le Vie so￿96 IATVSI, wlich is a local
NGO e51JbliJh•d and run by former ¥lu(tsn18 for whrxn w$ ￿%0 provk18d trdining. W• ar• dalbJhled to
6•0 local l318nl arml experb"s• developrvj in T￿l￿a ￿￿￿￿'ng lo￿ard lo fwthertng this woth,
P8rticul8ty Ihrgugh ￿ror￿1Th) collab¢Ya￿ns ￿¢h Ihe Eco* NaI￿al0 de Médecine Véléringire de Sidi
Thabol. the University of Tunis El MaA8r, the P85teur Inslstulo ol Turms and Iho Arklland In$lttulg of
Medenine and Ihe Tunisian govemment's Dire¢licffi Gkn&ra￿ d85 Forèis IDGFI
We la￿Ched 8 9round-breakn"T¥J pw Io iWAea8e twJer numb6rs in 8hutan by 18ss8￿n9 ￿￿th
F4op18. F￿lje￿ thro￿ah a b8gacy donation. w• affj wothir¥J wth Ihe Druk Nyo FWnd&l￿ in Bhthxn bnd
Ihe Nèlional Ffftstry se￿iCe to I￿on￿et pe(rf)￿ wlh th8ircuhur81 hgrttaga. In vthlch IwJèrs play a major
part as one olih• satrod animals In BuOJhisitradib(x) In 2023. ￿ convened an expert pa￿1 of Byd¢Jhi$i
leoders from monastÈrfes. ZhorwJs a￿1 other inslliLrtkn5 acros5 Bhutsn. This panel have $18rtod
providlng g￿lj¥r￿¢ lo monks ￿11 to underlBke extenwve sludNgs ol tyJrtural *Je￿¢l￿on9. Th•
tearn Ar• seekln9 to Id¢nlify and doeumni wyliion. and graphic pres8nta￿￿5 of tigers in
nurnerous IoThn5. Ir￿l￿ding folk lalo$. Loz8y ball&J$. Tsorwo poems. tra¢Jrticm81 bel￿18 and olhgr
narrative¥. Thls proieci build8 Inrwtfvg cc4L3b¢rtlk*)s belwn the Scientif￿ 8NJ curtural ¢ommunities
In 8hutan. combirirpJ •fforts proi•clitin of tbern ih•ir ￿t￿tats.
Kno￿8&a8 Exthangè and Innovabon".
We Improved our heal ￿ty40rk. knking I￿1kn￿ IxthkliThJ¥ s￿led by cffi Jtte lthv￿1b0n •n8ryy. O
biorna3$ ioil•r ean be fwj Wilh woc4Jchlp or anim&1 w8$1¢ Wuotios lo provth heal lo our Trcpical
House, OkaF4, ma￿￿1 Hall. Cwalors Cdwo. Lrfe AmoTrJ th8 Trnes ond ThriviThJ Th0￿h Natura
W• continued effo￿ to exw¢J ors.sile gen8r8lion ol solw energy. knc1tyjl￿ irtl8tsng paflner3hip
discu5810rffts with a Unlversty c4 sIxth￿pIon lo and d8lr*8r th• n•xi ph&8• 01 olectsk
vehlcle ehbrglng SUPFQrt.
Irn 2023 we started ftKJdo11ing Ihe ¢arb￿ balar￿e of OLW Itt81 aThJ global *¢ons. part ol our aflorts
lowor<ts carbon nwlral net-zero. Of n￿8 was our ￿lCula￿On of cartw 3equ8stration on OLY ¢)wn
landsca￿. Indydity thè zty) and surro￿1￿1Va ec05ysiwn. Ewly in¢kntiOn$ 8IW UB ¢0 announ¢e Ihal
we hac$ 8chlev¢ ¢arbon ntthrnlty our UK ZQD.b#s¢d ¢Jper8tion8. In 2023 our cartN)n f¢)oiprint W88 412
tonn#5 CO1•. almost 100 tonn85 lthvorthw 2022, 6banifieanlJy aflocted by tsJr rwjL￿S in heating luel
Wilh earbon abscthd by our woodland. fiekjs poddctks es¢knatsd JI 547 lonno$ Cole per year,
we agaln absothd mof• cO￿n Irom lh• almtssph•re Ihan wè •milltrJ Ircrfn the zoo opevètifms. Wo sllll
have lurthef lo go vlth nèt.ztsro acrogs our onlit oryanisgognal wogromm. but INS is 8 good step. In
rnoddllng ow carbon 51orag8. ￿ 8lsodevelry8d an irili¥ (k9ilal 5paii41 dai8ba8• Ihalwill form the bBsl&
lor 8 more ¢cwrp181e rnanagoment sy$tern.
We wèrtr <olighled to We￿￿ne a nthw sludeni irlake fov our MReg prc¥3ramme in Wi1¢1rfg Conservation.
delivered in cdl8borntion wlh the Univer6ty of Soulhanwtw's School ol Bio109ical Scien￿. This
programmB remains a uniqu• and valuabkj to wovmje 0PFQrt￿t￿$ for Ihe next generabon or
¢onseryation sclenvsls
We hosled our final rota11￿ ol zoo vAd*le medicine ekdive stusJent$ frorn Ihe University of Surrey'$
School of Veterinary Mtdicin• and conlin￿￿ to host ¥nd8rgraduale $tudent8forth•irÈxira mural studies
throL¥h Ihe year. 80th wps fftlenook four-*￿k pbacery*nts wih our In-house veleiinary leam.
Including dlnical 5harJowing, wlLshops. ￿earCh propcis, inv0st￿48&0ns. iwmal ￿b$ as$isUr#J
ourAnlm81 Behavkurisi and Animal NuirilkJr¥sL
Our3cientffK outputs duriw 2023 Ir*1￿ 18 aft￿￿S co¥ern9 20 spe¢6e5 and lax8. addresgng a range
of srt)Je¢ls I￿lUdIng c￿se￿a￿l genelics. ecology. ¢￿ServatIOn trnnslrK81￿n$, veiertnary
sclences, arimal ecology. ¢￿se￿atiOn writisaD"on. wiklrfè n￿lonr*J, and
anim¥1 wellare.
Ouf ￿d-ClasS CDnswvatioTr re5e8rth programmes ¢￿tinued thrrAyh acad8mlc p3rtnershlp8 Cll
fxJm8rou5 Vltally Importanl as￿15 to irfom) These develo￿￿￿1 of Uncrewed AeriAI
Vehlcle IUAVI applications for cC￿SerVatI￿. for whkh we are w-SVP8rrising a PhD sludentship with
University ol Sovthampton." and underslanding Ihe iwact ol infrastruLIUfe on Grevy's zebr8 rnovements
and pOp￿ation viability in K*)ya. is suworted by 8 MaThstll supe￿58￿ PhD SI￿jentsh1p at
UnN8rsily ol N*rob

MARWELL WILDLIFE
TRUSTEES. REPORT {INCLUDING DIRECTORS. REPORT AND STRATEGIC REPORD
FOR THE YEAR ENDED 31 DECEMBER 2023
We publish•d ourwoth on 8dwtiNJ the Amim81 W4far• Asse5smonl Grid IAWAGI for a980s8iw weware
in terTrslrial inwart8br41*$, usiry lh• Madag¥s¢an h"ss¥vJ lGrompl￿dl￿h￿rt0 p￿10￿10$•) as
an exaft¥A8. Wé were also ddwJhted to recerye a gdd *aré Ircm Ihe and Irish Assoc5atson ol
Zoos and AquBria recLwJnising deveknxThJ the AWAG to ¥wve Ihe wellare of zoo animals.
We We￿ pleased io conbnue our to Ihe IUCN th1O￿jh svppm and hosling lh8
Antel¢y s[￿laIL%1 Group wthin the SFeues Surviva Commisskjn. This valuaLle wovision m8intMi
our role as a ￿aling c¥9arfsati(M) IN anlelcp8 conswv3tK>n Bnd ofters opportunitse5 to [nI￿enc$ wwlfyr
sw?¢ion efforts and devalop aw¥r8r￿. This indL4Je8 M8NffjII providirvJ 5UPPOrt lo pdicy
development for nalure'i ￿c4)Very and 6peci8s conseNation nationa￿Y and Intematirmauy.
Plan# fr*lutyr• p•rlod•
In 2024 ccffllinvè ￿ VKKk io ddiver our Conwat￿n Str¥teoy. TN6 indude the lolltswiry
obleclNeS'.
Grevy'8 zebra Sustaknatslty rtmalns 8 k•y ￿nCern in the nortfv ol Kenya partityjlaty. We wiu continue
lo be rnembèrs Of the Grevy's Zeb18 Te¢hnlcal Commillee, pfovi¢JiThg leadership to t)skftyce6 and
On6￿ng kno%￿ed98 transler to partntrrs in Kenya. We will also cbosdy rr•)nttor ￿ otyc4n9 drowhl and
provlde emerger¢y reli61 zobra$ and our commLfftily leams.
Wè ￿11 conlbnu• to $w)rt arKI ¢kneb¥J plws k< antelop8 and tslr oc05ysi•rnS in Noth Africa, through
¢)ur focused ettorts in Tunlskg. In partlcJJlar. V*Y I(Ku5 on conllnued management n￿)nitori￿a ol
¥drThlar-hoined PQPLdaiths'. a￿1 Tr)nitrAirrfJ ol $lendor4￿Me￿ gazelle a&J8x. ￿th
explorat￿ ol opiions for Ix•odhvJ ¢ontsBs in Twwsia.
On th• land ￿ manago ￿￿oUnd￿￿j the zoo, we b¢gh •xplortw 0￿¥ lo Crea￿ • Nalur?
R6s•rve, wjvlding grèatar comnMY4ly eThJ•3wrnnl, a￿1 off•dr*3 •nhartsd ￿ttsra1 8p9¢￿ lor vAd•r
sec1tr5 01 lh8 PUt4ic
We *411 convnw Ouf lorwd-t8m Eelnw Marsh Site ol Sp8ual SCien￿C Interoi ISSSII Io
moin￿l￿ ils h￿￿St-1￿eI wec1￿ &re8 $1?￿$. W¢ ￿11 alK¢ undertake to revi￿ crttic81 blodlver¥ity
nthcators on Ihe 51te kn 11ght ol man•gemert to as8•ss anLI Iryct8.
C¢mction.'
The Marwell edue4t1￿ learn ￿ ¢Onth￿ to wpw)rt ￿arnI1¥a •cwss all key slageg. indu¢JrrfJ revlowNJ
and suFwrling le¥$￿•, w0vi￿on GCSE coms w sust8inab.lity and Natural History
rBspecli¥dy. Our expertlse v*llh Special EthJcatkJ￿I Needs childrgn will b8 revio**l and r•fresh$d
needod lo enSLir• contW¥U8d ¢Jdfvery ai the h19￿￿ $taNlarO$.
To •xplore 8Nh8nc8rr*)l of our proviswi lor ￿lOc￿r ￿￿Ing. indudw( Aiiwnaliwe Provislon. SEND
opportunlUe5 al￿ our con1jn￿# d81Nery of ￿rtY.y￿a notwe Igaming ￿th WT partnèrs at Kids Love
Naluro. Harnpshire Cwrrty Counol.
OurwoTk on Gfyvy's zebra 0)￿￿v*1￿ in northam ￿ya *ill con￿Th￿. de¥do￿ng cptyon$ ts m8lnl&ln
an¢J ￿510t6 PC4)ulalion conn8Ctivty. We pmvidg leadership in SUp￿rt of new govemmenl
(Kènya Wildlrfe Survey) operabons to plxe GPS ¢ollar5 ￿ animals in foglon wound infrastmdure
Iro#d. r811, urban) devobwTrents w)fm milN)afy"ons.
Our community scouts in Konya will maintain LN"OLJivetsity ￿)￿liO￿n9. with ¢￿￿{￿ul¥9 •upwt and
l¥ryJrovernent fr¢yTr ovr tearn. We will Conbnve our wider community SUPPOrt. explorir#J strategic and
lundiry partnersh0￿ w enhaw •thJr￿lI￿ to thklr•n. both in schod$ and to those thai rernoin
to wod( at home.
Capacity a￿1 irrplementalKn support fry leopards in Asia VAtI cortinua Ihfough cryolThJ partner
engagement and assist8￿. Swert in Bhvtan extAormg ojtural 3nd swelal driver5 of
Fersecubon and to develop sustain8tAe mgans cl coexisterte. particularly in ¢ont8xI of Larnivo
a8s8mbl•Jes iNgudiffJ 18cyartl eth1vn￿ leopard. Our roje pr¢)¥idir¥J te¢hni¢81 sUPPOrt lo Ine
Global Snow Leopard and Ecosystem Prcthc*￿ IGSLEPI and prov¥ding policy support lor
rnernbgr cwntries. will be r￿aints￿ed.
KnovA¢dy• Exthange and InDDval￿.'
O￿Oi￿j populaiw a55es5ments aThJ man￿ernent supp(wl lor the xirnilar.homèJ oryx groups.
founded by Ma￿ell Wddlife and p8rtnws overthg lasl 30+ year5.
Host a BIAZA Prilnate Nutri￿ tonfeTrn¢e here at Mafwell to share ihe kn[￿edge datm we h8ve
oblained through use of (bffwwi animal hUsb￿dry iecthqyes and us8 ol AWAG fN our Prirnates and
Srnall Mammal5.
10-

MARWELL WILDLIFE
TRUSTEES. REPORT {INCLUDING DIRECTORS. REPORT AND STRATEGIC REPOR TI
FOR THE YEAR ENDED 31 DECEMBER 2023
Conlinue to offer SUP[￿rt technic￿ ￿808th1p smaH popul8ti¢>n manag8ment aThJ
sustainaÈ4ity of the Grevy's Zebra in Kenya We vnll achleve Ihi$ through our role on the Kenyan
Govemmenl's Grevy's Zebra T¢thnical Commiltee, Indyding ￿vrted kadership on tasklorces. as v4dl
5 dir8ci support for partr*rs, such 85 supeNisK)n tr ￿)st￿ad￿ale studgnls undertaking
research and org8ni¥tng tho otiZon-¥cience Great Gre￿.5 Ramy.
C￿tIntse ￿r work in the irnovob.ve develcyment of w￿nann￿l 0grial vehldes IUAVI and m)thine
leamir¥J t￿hnOlogIeS lor r￿n8•1¥81b￿ applraiws. tswthryj and ¥uKwrtitYJ tho use ol UAV8
th In.¢(wstry global partnw5.
Test the use ol M8Th¥¢11's Antrnal Welfare Assessment Gr¥J IAWAGI on free ran￿Tr9 spedes.
Policy Support ¥*ll conlinue to be unoertaken thrtyjgh Ihe UN'S Iniergovomm8nlal Sci8nc?-Pd
Platforyn on Blo1*Ve￿ity Ecosystem Ser￿es IIPBESI. ond our erwement wilh other UN bctyJio8.
Indlrfliro a$ Observern tts UNFCCC. and the comm￿$b￿ ￿ Migratw Spec￿5 IUN-CMSI. and
support to m8intain Ihe Anlelw Speciali51 Gmvp Prograrnn* Office.
Conbnua lh8 li96r culknKal herit4e pro*d in Bhutsn. wilh a t*￿ of BLrfhJhi5t schoswg rthv enguged to
lenlfy and rs￿r￿ d8piclions of aThY other wAld"rfe Ilwt can connecl peoplc 10 I￿r h8ri1age th311s
otheMs¢ in danger of beiry 105t. Tkng ¢5 al9￿d with r￿d suNeys for bgèrs and ot￿r bKJ cats,
b?In9 undertaken typartners in Ihe Bhutsn govemmenl's Forestry Oepartrneni. We VAI provirle lechnic•l
s61st0￿6 to these te8m8. Ind￿lIr￿J lh• 8upervAbJn of Pho ¥tthl6 urK1grta￿n9 f•J•)rch on tiger.
leopa￿ ènd corrffiw leoparf.
Fln•n¢lal r•vlvw suh•qu•nt•¥•nll
2023 w8s a ch8l*rv3iryJ year ffin&walty Tho crnl ol (WFl•d V**h sorn• very *el 8TrJ
wlndy periods ol weather over key tradir9 months mearn Ihat Irbcome WAS plac4d un¢Jer pressur•. W
r•8Ct•d lo Ihis pr8sswe In several mè8niryful ways. Fitstty Ihr¢xbJh 8 robusl cost review and 3tsbs¢went
rsthjcb.on in some araès along3id• a hKJhty prwjenl bvdgvtirYJ prw*55 lor 2024. seC￿dIY. we introduced
Value lic*et prowwtion aimed al Ihe lamity m8fkel $l￿d 8bno characier 8vanls which drovè
5ignifi¢8nt looW81. Tlws lo fiex our approath lo revanuo 98n&ration hao helped ¥hap• 2024 business
plans and hvJlblightod Ihe OrP￿￿nty lor divetsificalw ol wicc¥ne Jwg8ms.
In 2023. we ran the'Glow I18￿11.WinIeT eveni fcv a y08r. Wth In to plan and evolv•
event. it was a tremèndous $ucc88$. wovK1iryJ a lavaer wrrdus than wev6ous years givino oui 9ue8t¥
a r￿gon to viiit us dwlrvj th• fypbcally wlelef *rynt¢r IT￿thI.
We ar• gratef￿ l¢v those people vtho ccfis4Jer ￿r chanty in thwr wll. This year ￿ r8CèiVgt1 legaciej from
èight esiate$. LegA¢ios receNed lotall•d £252.852 of unrest￿le￿ t[K￿￿e. ofwhlth we èccNed £300.oc￿ of
incorne whKh h8(J not been al yè* end. Conversdy. in the ￿￿0v$ year we had 8c¢wed income
of£538.OCW) allhe end of 2022. butwe had lo revisè oureslwnat¢ of incorr* expecloddv4vnwards by £73.￿0
In Dddltion, 1¢gatse$ of £￿,0C￿ werè rewvea duThvJ yeaf.
Rès1￿Cled fwd8 * lh8 year*n<l wei• £341.76112022. É413.7021. Our ￿reStr￿ed rn•eMI$ 8t the y•ar.￿d
£17,918.55112022.. £18,685.8641.
The truste•s h8ve èsl¥N¥$W a Tes•rves pollcy. ot48ct of N¥ttlch is ￿ ensure thè rmtinue¢J ¢)peration of
Ihe rxganls)tion. inC￿tt￿9 Its sdenllflc. ron5eThabon and educabonal progrnmmes. 1115 the ¢hgrity'8 policy
io hold a mer¥• ¢wgr aThJ aiThe th•1 held in fixed •$8¢ts. eq￿￿ent kn at l••st Ihrv monlh•' op•r•tim
expenditure.
Thls year thè m•11￿¢ kn ukulatity ITeg rB••N￿ has been chwg¢d frwn thai used in previw5 years
exclud8 lixed assets ffinart￿ by ow long-iemi bank b)#n from the des¥Jnaled fix8d asset re58Thte in cvder to
more acujratdy r8fthl Ihe realty of ihg charity s fin•ncial pjs￿on 8nd IV4u￿lty. This year free reserves al
year en¢J (under the new definitionl st￿0 at £2.791k to 2.7 ￿nthS opèrat￿9 exwndrtvre 12022..
£3.940k. 3.7 monlhsl. This ￿UCI￿n in Iree reser¥e5 is due lo lh8 P￿ssU￿$ cffi irKorne from Ihg cosi-of-
living criss and pcKJr we*hgr at key Ilnw in the year.
We have prepared b￿)eLs I￿1h8 year to 31 December2024. whNth are a fair rpOedion of estwnaied incomè
and expenditure. WhiL81 w8 telieve that the charity oper3te intrj the dtstant futUTe, il 1$ our view that
I furth8rdevelop & diversfy our in¢ryne streanks of w851numbers. events. IradiThg anrj lundraising whilsl
rngnaging our costs. It rernains thè lo r•tum lo a p)skn we ￿taffi base Iree ￿SerVe$ $uffirAe
for at leasi thiee months, operallng expen*a￿l￿re.

MARWELL WILDLIFE
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT AND STRATEGIC REPORTI
FOR THE YEAR ENDED 31 DECEM8ER 2023
Struciur•* gov•rnan¢e and m¥na9•monl
Con$iitutlon
The conwny Is Ilmited try guarantee. Ihe 9uarantee of t8¢h rwnb¢r Is Imited to t10. The govemin9
instAbmenl is the MerrKJTaThJum a￿1 Artydes d Ass￿1￿.
Morwell Wildlrfe own$ lO￿kn CO Iho share captd ol SorvK•$ L¥Thted. IAarwell Wildlrfe own the laTh
and all Oth81 8$s8ts and deals wilh incc*fie and •xp￿￿￿JTe rnlatlThJ to ihe operatlon of th8 ￿rk. including
the uF4Leep welfare of ihe anim81s 41 vi4tu sewes, con5eNation expenditure. and expendibjre ol
educati￿. MaTh¥el se￿ Limited deals wth 81 our Irathng actNities. for exw)ple ￿orne frcrfn wr shop,
fcr our caieriry operatlon. And from hirfr¥J out IM hal cmferences and ott*r 8venls.
M•thod ol •ppolnfm•nl or •l•etlon ol Tru•t••#
Tho Govemiro eody ol Il* chartty 18 a Boartl d nol lass Ih8n and not rmre fourt•an Trus￿08. New
Try$te•# we elected by the Board folowryJ • f•wibY￿nI prw$lwilitst8a by the Nomin&t￿$ Commlttoe.
Appllc8nts 8rÈ sowdht lrnm o ¢￿￿n810n ol p8r¥￿4 fel¢rras. adveriiset1 vwan¢ie8 8ThJ execu￿ seorch
JanSsailons. Trustees ar& 8PWnt8d lor a thrB••yQW lenn bui may 0￿r them8d￿l fLY r8.818ditsi at Iha
end ol•acb ienn for a m8ximum 013 temu. TNstses may po$8ibly offerthem$8lves r•-olectioTh •nd swe
for 4 tWTns W) •xceplwo1 C1￿uM￿CeS.
Polld•s •dopt•d for th• Indu¢tlon and tr•lnlng ol TYu•t•••
Troiniro of Tfu¥ie•s is agairnt InrJivK*Jal Irainry nogd• 8nd • fum 1ntr0thK￿ ond Indu¢tsw to t
gBnlsaii¢n is 9N8n to Trustees appowilmert.
0r9anhat10n￿ stru¢¢ur• and d•cl•iw m•king
Th¢ Boa￿ Th)rrnBlly m8è1s four lirr*B th y•W to revlew •tr*By and perfomMfKe is hdped in its by
th• lollow'rvJ Tntslee-led ￿mMI(f•a3..
8usir*ss Dev¢kpr￿nI Ilndth Audtt & Risk. Capilal Expondliwè and ComrMr¢i•ll,
Conservation line1￿$ onimol colkctmyi, b*)dN8rrity. and su8Wnabllltyl
Ethics
Humarn Resour¢e8 & Remw*ration
orninations
Mark8UThJ & Fundrai11￿.
cornmit￿$ do nol have 0x￿ul1ve authcth are by aTwslg0. ComrThtt80s h8ve they ¢)Ym lenns
of refere￿• an￿ provide Ilokage back to Ihe main and WFWrt for yenHv m8Thwm•nl of lh8 chorfty
in th￿r*￿Ik
R•mun•rallon pollvrf
The Truslees con￿08r the 803rd ol Twstees, Ihe CIM•f ExeeulNe Officof ihelr Execullv* tèam. io *trJm
am daY-l(￿aY managen*nt 1$ (Je*81ed, to crynpriso lh¢ kty manag8mwl Fer50nnel of th8 charity. Th¢
Execuiive team C￿p￿se5 the Chi81 Exg¢ulive. Ihe Director ol People and SeNic•s, CorTThèrcial Direclo¥.
D1￿clOr of Anlmal Care and Ihe DbTeLtw ol Con5•rv•bM. All mem￿r￿ of 808rd ol Trustees gNe their
tlrne volurntsrity and received no benefjts C¢eX￿8•S IfcTh Iha ¢*arfty Oihw th￿ thDse dix4osed In
Note 14 10 Ihe acwmts.
In txaminir*J and awardiryj •xetsJbve pay. M#h￿l u585 8 ￿laty crf se¢tc*i* data borbchmath$. Thls
includg$. but nol Iimrted lo. the amual ACEVO Pay Survey. pubkrjy advettsed vacancies for simllar
78Mons vAlhin the $8thr, and market inlelh3eKe thro￿h Ma￿￿￿.1 own nefvvwks Tegardlng ¢JiTect
cory)ari5011S.
A Rèmuner8tK)n Commilte8 fom*d frcffi ff*mber5 d the HR c￿nrnI¢ee ovetsees this process. me8tir*J
yewly Allhough spe¢fft io eX￿￿ts le￿￿Oral10n labled at any tsmg. Ihe
12-

MARWELL WILDLIFE
TRUSTEES, REPOR T {INCLUDING DIRECTORS. REPORT AND STRATEGIC REPORTI
FOR THE YEAR ENDEO 31 OECEMBER 2023
tommrttee norrnalty •xaminos refflurwati￿ at ils Odober meetry and (￿Trentty aim$ to ￿a¢e exe￿INe
r•munerntion in thè mèdian quartle for Ihe s￿.
Ri•k m•nag•m•nt
Chwjight ol risk is deleqate(I by the Board to th• BLthss DevekJpi)wrt Committee WI￿ have W awde one
cc¥ry￿¢¢ee mgetirwJ a year SO￿lY to address this loric th8 Risk R&JbSter In *Jaiail wilh a view lo
¥ubJoquenl Board report. Risk RegiSt¢r was in 2023 asses$W￿ Ihe impact of a ranDe ol
strategic, regulaw and reputalional as wel a5 operau(Thl ritho and to en$we resPL￿s￿lI￿V for mr￿lI0rIng
and controlling lh¢ ￿ley￿nI risk 10 r8duc• ihe lknhhotd do¢Gvrrerth or irwa¢t 13 8lkx4ted appropriately.
Th• ftY)sl B￿nIfic&nI risks lo ma￿11 Wildlllo *• •￿S thal ivry8cl ￿rOllOn ofth& zoowhlch
18 the major contrib¢jt￿ to our Chantab￿ wtPLrfs. To t￿"6 8ThJ. a Ih)rough rgvw of 8vslness Continuity 8nd
Olsaster Rocovery 15 rouunoly undertaken by all operational departments. As 8 re6vh. bu$in8ss cwllnulty
pl8nning Iocusses on ¢r*urry our cnli¢81 acti￿110$ arv protect•d. ￿ so lar a5 po$%ible. from evenl5 0￿SkIe
our conlrol and tho incidenc8 of ev&nl$ within our is prcp•dy mttyjaled bnd controlled. W8 con￿.niJed
this planning throughout 2023. and wèwll r¢vkw it in 2024. rdevanl procedure9 developed.
exarnlntd and lesied. We will also address the impad and fwk profile of the upcoming Martyn's Lgw IPrDj•ct
Protecll k8gislaiion on our 8Ctiwlies This up¢om¢ThJ legislalion wll aodffjss the li8bilily of oroaThisalion5
oper81¢ putyieJy acce8silY• sp￿•9 ¥Mth regwds to secwily threats ar￿ pol8nbal ￿￿orIs1 activily.
In addiuon io 'bu$ineJs u¥ usual. dsk. our major wqec15 are $•parnlety risk assts$ed lo ideThlty ¥rea5 01
uncertainly JThJ opportunty relati￿ t* propcl work. pr(Ouc15 ou11￿rr*s. as w611 as the impacl on day"
ltrdby op8ra16ons.
TN•t¢••' rnspon•lblllll•• •tst•m•nl
The Tw$*es (who ar• abo (lir8cl¢xs of Mawll Wd(#il¢ ltsr the pwpos•s of crynp8ny lawl 8fe respon5ibl8
lor pi¢pAring Ihe Trustees. Report anil the ffinancial slateThnls In ¥xordanGe wth apphcgbl¢ law and Unileé
KI￿(10M AccouniiNJ SI￿dards (Unii•d KirKJOtyn Gertrnlty kc*pt•d Accgunting Pracucèl.
C¢mp•ny law r•ouirg8 Tn￿e•S 10 w•p8￿ ffin¥ncio1 statenwii finartial year Vnder ¢¢￿panY
law the TN¥lees must approve the financi¥l $¢alements unless they 8re sgtlsfiod thai the glv¢ 8 true afid
fa*r view of the slate ol all•irn ol ts f*8ritable c*>Trpony ANJ lh8 9roup ard of Ihe incorning re$ourr*s and
applieation of r•sowc•s. indudiryJ Ih? Incomo arnl exP￿tUr6. tr￿rtsb￿ group fLv that pwcrfl. In
paring thtrse fin8nciBI statements. the Trust￿ are reoulrtd lo".
Seleet sui￿le Kcoumbng ￿'￿e9 grbj Ihen op&ty consi$18nty:
Observe the molhods arwj Frffjnciplgs in lh8 Chaiibes SCf¢P..
Makg ludgmonts and aC￿j￿1¥￿ esb"m8les thal &rrJ reasonable and kYLid8nt".
Slale whether 8ppIic8blÈ UK Accounts"ThJ s*n¢Jard hawe been fdlow8d. subject lo any rnothrl&l
departur85 disclosed and explair*d in Ihe fiwcial $talernenis,'
Prepare tk* fin8ncio1 staterr*nts on the going crnm ba%$ unless il 1$ in•ppropri￿o kn presurr
thal tha eh8rithWg group will t4￿1￿1￿ in (*•r¥tknn
The Twuslees ar• ￿$￿￿SItIe for keepiNJ *qualew*unlJng records Ihat ar9 suffici•nl Io shtsw #nd èxplah
the ¢haritablv compAny and the 9rcwp'$ transactio￿ and dlsdos8 With re8$txablt 8Cturacy al any time IhE
financial Pos￿.￿ ol ihe chari10￿e group 4nd ena￿8 th•n io ￿Sur8th31 ihe $￿ements cornpty
the Companies Act 2006. Thoy are al￿ re5W)sitA* for sale9uarding Ihe
08set5 of Ihe Ghthtable con¥)any arxl the group hBrKe for ta*irwJ wscfflable 8teps for the PTtv8￿
and detection ol fraud aThJ oll￿r irTegularilies.
Dlsc108Uf¢ of Infomi•iion i• aud5tor
Eaeh of Ihe persons who are Twstets al Ibe tsm? ¥¥hen Ihis Trustees, Report is appioved has confirmed Ihai..
So far 85 that Tr¥$tee is aware. there 15 no felevanl auoit Inknrnation ofwhich the char¢t8ble group s
ditor is wawarÈ, and
Thal Trustee has iaken all thÈ steps lhat0￿h1 lo have been lak¢n as a TN518e in order lo be awa
of any infomati¢)n needed by the tharilaNe gtovp's 8udMoi In r£¢nrethn wllh prepaiing 11$ report
and lo esiatAi$h th8t the chari*bk gfOUP'S auditor is aVra￿ ol tw bnfomialion.
13-

MARWELL IMLDLIFE
TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT AND STRATEGIC REPORT)
FOR THE YEAR ENDED 31 DECEIABER 2023
Audltor
TnJ8teo8.
Thi• reportwas tyth• T
.. grxl wJMd on tlwk bth•ll try:
Fr•
rni•n
14-

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF MARWELL WLDLIFE
FOR THE YEAR ENDED 31 DECEMBER 2023
OplnSon
We have audited the fiTrona￿ Slatements ol M)rweU WidKe lthe 'charita￿t Po￿TrI ¢omp8ny'l and h#
subs¢diary Ilhe'9roup'l for Ihe year ended 31 December 2023 wh￿h ctsnprfse the Cornsolidaled Slatsrnenl
ol Financial A¢ltvitig¥, the Cortsdidated Balm Sheel. ts Ccmpany Balaf￿ Sh&et. Ihe Con5dldaled Cash
Flow Sl81gment and rK)tes tolhe financaal statsments, indud1￿ a surM*ry of Sign￿Gant accounting ￿￿18$.
The financial repo￿"￿ Iramework Ihat has bwn appl￿d in thesr prep8Trtion 13 appiKable law and UAiled
Kkngdom Accounling Slondards. induding Financial RepDrung siandaid 102 'The FinBnu81 Reporting
st•ndard aPpI￿able in the UK and Republic of Ireland Iuniled Kir4Jdom Generally Ac£epled ACcoun￿'n9
Practice).
In ouroplnw)n. thè flnarKia Strt￿￿ts..
give 8 tru• and lair of the $tat• ol Ihe 9roup'$ and ol Ihe chorltable pargnt tompany'y affalr5
at 31 Decembw 2023 8nd of the group's ￿sOUrCeS ond application ol resources, induding
Its Irwme & •xpendilurn. for Ihe year then ended..
have been F¥operfy preparnd in with Klrydryn G￿e￿IlY A￿pted Accouniing
Pr8clice.' and
hav¢ bo8n propThl in oc£￿th￿¢• wlth Ihe Ihe Compan1￿ Aci 21Th.
B¥•l% for oplnlon
We ￿NduCted wr audlt in acc￿d•￿e Int•m•¢knn81 Si8r•Jarth M AuditsWJ IUKI IISAS IUKII and
8pplicable law Our fespon$itililies under Ihose $t•dards aro fwlher d•s¢ribed In the AL￿110￿8
respon¥its'litse3 lor th¢ aud1( of Ihe fmnC1￿ $th￿Men15 secihw d wr ￿￿t. W• are In¢gp•ndani of Ihe
chBrity In accordance wlh tht olhi¢o1 r8quirnm8nt8 thai are r81evant to ouf audlt of the fin8ncial slalemeffls
In Ihe UK. Including thè FRC'J Ethkal St•ndard. aThl *Yt have fidmed our othèr ethic41 rtsponsibilibe8 in
accordance with thes? r8quir•men¢s. Wè bdio¥0 Ihai Ihe audil eylderv wo havè obi•in8¢J is suffici8nl arKI
8pproprf8te to pr¥vid• a bag13 lor opkn1￿.
Con¢lu•lon• r•l•tlnq to gdng con¢•m
In wdiliw Iho fin8￿￿1 slalem8nt$, x have W￿ud00 thal lh• inJsle•8' UBe ol Il* gc4ry con¢Èm ba¥8 cl
8ccountiNJ In the prgP8fatbn of thè finow81 slatoments 1$ aFwpria(e.
88sed on the th wè have perf0rrn￿. w hav• id8ntif*d ￿Y m8twig1 LwKertalnllgs r•lalln9 to evenig
or ewdllions thai, indiwdually or collttiively. may c881 significanl doubt on Ihe group or charitablo parant
¢offjpany'$ abi*ty to cfyTrbnue 8$a golrwJe4y¢6mfow 8 ped0d￿*16¥slt¥l*1￿ n￿nthSIrCffi when th$ finandal
$￿teMentS A￿ aulhort$8d is$￿.
tJJr re$pon8lbll￿I0Y and thè ￿P￿*bIl￿8 rfthè biJstsg8 *ith re¥*1 tom ccvKom ¥• deB￿bed In tho
rglevant 9ecbon* of ihls report.
Oth•r ln1orrna￿on
The olher informatbon comprises the irrfcrtination Inclu¢Jed In the annual trujtees, reFQrt otr*r Ihan t
financ121 st8l•menls 8nd tyjr wliic¢s rewt thefeon. The Iwstees a￿ responsib￿ lor Ihe olher ¢nlormalJon
ccrtained %ththin ino annual repixt. Ovr on th¢ finarri￿ 6tstgm•nts ntst covÈr Ihe olh6r
informa￿on, e¥wl to ￿ extenl olhemse tsxpllrity staled roprxi. and we do Th)t expres$ any form of
a55uron¢e cOndus￿n th￿e￿. Ovr ￿SponsIbl1ty Is lo read the olher inl()mwiion and, In ijolNJ 50, consldar
whether ihe other infonnalion is materially ￿Slent wlh tho finandal stalemenis or our knOW￿ge
oblained In lh& cour58 of the 8￿J11. or othomse appear5 to be materially mi531ated If we identfy Such
m8tedal in(w31$ter￿IÈS or apparBni misstslemerrts, ￿ we requi￿& ¢0 dtstèmiinowhoihor this gi¥•$
rise io a m8terial misslateN￿l in the thnanual sts¢effents Ihemseivos. If. based on the *￿Tk we have
perf¢)rnad. Cond￿je Ihal thwe 1$ 0 fflaterial I￿￿8¢91￿ni cl Ihis other irrfcma1￿￿. we arè ￿QUIred 10
report that lact.
IAle have riolling (o WEpryI In th[3 regwd.
15-

INDEPENDENT AUDITOR'S REPORT TO THE IAEMBERS OF •AARv￿LL WLDLIFE
FOR THE YEAR ENDED 31 DECEMBER 2023
Oplnlons on other rn•tt•rs pr•scrIl￿d by the Companbes Act 2006
In our opinion, base(l on thè undort2ken in the cwr¥e of •wJL"
the infoThnaiion g￿en in the IN51ees' rei#rt and 8tr*egk rekjyl
Prepared lor Ihe pury)oses of company law. lor the finartial year lor vh*h Ihe financ5￿ statgm•nt5 are
prepared 18 wsisient th• finan081 siatem8nl$". and
the 8lrateglc roport and th6 direct￿$. rewt w￿lA tnJgtees' rewt hovè t•en pr•pared in
a¢¢(*dance with aFvk8t4è legal rgqw1￿ts.
M•tters on vthlch w• •r• r•qulrod to r•port ￿Y •x¢•pti
lrn light of the kn¢ywledge and under6&ndiry ol th• group arKI p8rEnt charilatAe ¢ompèny and Its
vlronmont obtslned in th• ofthe audit, have not 1denlrf￿d matsnal rrtSStslem8ni$ In thg 5trato9
rnport orihe director$, fep¢yl. We have nDtrM'ng io rer*yt in fe6pecl oltho fc4hy•Artg matters in relation ￿WhI
Ihe Companies Acl 2(X)6 fequifès iJ5 10 re￿ ￿ youll. In ow opiri
ad•ou8tg aecoun1￿ rgcuds have ￿t bwn kept by the ￿re￿I ch8ritable coffy8ny. or r¢tums adoqual•
¢JJr audli ha￿ nol been rtceived from bnrthes nol vlsiled by us,. or
the par¢ni Charstable ¢L¥ryany's finanu41 Jre nol in 0gre•mgnl th Ihe •ccounJng
and relum$'. or
certain disdosures of trust•es' reTr￿n￿ratiOn $peuf*d by law are not made.. or
havè not recthv8d ell thg ink4YrAkn * ext4an•tiMS Wo require lor awjlt.
R••ponilbllltb•s ol tN•t••¥
As explained MO￿ Stslwneth ol trude83' r•¥J)n3ibfibeg, thè iru8tee$, ar8 81$0 the dlretiOryJ
ol tho chawtty lor￿ pwposo of compary law, arn re¥¥Jnsibl8 fwtht pffjpwallLW of the financial $tatament¥
anij for b8iThJ salisfied that iw gtvo a Irue aFkJ fwr ¥knw. ar￿ fcf s￿h int¢mal t￿tr¢I 8$ the trusteeg
delemilne Is nec8988ry io enab￿ the try¥raUon of fmanial $taMients I￿t are from materi81
rn158t*emenl, %%l)ether du* io fr8ud or emr. In ww8rir¥J tl* finantial stalements, thg trns1￿ are
iespon¥iblè for asseS5￿g the tharity's •bdtty lo continue •$ 8 going ¢(￿c•m. disrjosing. al 0ppl1c•b￿.
matters relat8d to goin9 Conc￿ •nd uJiThJ Ihe 9¢Yry c(Mw basis ol accOun￿n9 unless Ihe trustee5 either
intend io li¢Jul¢Jale or to c•aga opw•tvw. or have no •ttem8tiv• bui to d¢*
so.
Audiiorf# r••pon•ltsllltl•• for th• •udlt ol th• fin•nelal •t•t•ni•nts
Our obJ8cJves are to d)tsin rn8Bcffiabiè ass￿1￿8 8t￿* v*tth fin8ThJal 8talenwit• a8 8 Whts￿ are
lrne from rn*erial rnissialerwt. vthether due lo frathJ c¢ error, and io Issue an audito($ re￿rt Ihai Includès
roplnion. Rea$¢xable assuran¢% 15 8 Ngh bgvel of assuraftc• tAAi5 IK)ta guaraft￿8 that An audli wnduGted
n ¥￿dance vllh ISAS IUKI ￿11 afvays dthO¢t a maienal M¢Ss￿leMent wthen It 8xislS. Mi85th1eTnents can
8ri18lrom frnud orerror8nd aT8 considwed m•ien81 rf, iThj￿Id￿a1ty orin the aggrtgale, th8y could rtBsonabty
be gxpacw io iTffluonce Ihe ettjrhynk dèclslons ol u80rn laken (#) thg b8si$ ol Ihtse final￿￿1 8talemnt8.
A further de5￿PtIOn of responsi￿￿"￿e5 1> wal•t4e on Ihe Finanesal R¢wling Couftul'3 wehlte 8t..
hltpg'.IhMv.frc.OTg.ukl#udllOms￿1*llles. TNS de¥criplkn f(xrns of ow wditoes r•port,
16-

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF MARWELL IMLDLIFE
FOR THE YEAR ENDED 31 DECEMBER 2023
Extént to which th• aud￿ c<Jn¥ld•red capabl• of d•te¢ts"ng Irrngul•rltl•s. Includln9 fraud
Iwulanties. If￿ludi￿ fraud. are iThslarts5 01 ntsnllt¢ynplk1￿* law5 regLAatsons. We de$lgn
pro¢edures in line wrth our reSP￿S1￿11t￿$. oullined above and on Ihe Financ4al Reportlng Councll's websile.
to detèct ma*rial M￿s￿eMents in ￿spect ol l￿e9u18nts"eS, ￿￿u￿ng fTrwl.
We obtain and updai6 our understandiThJ ol the enlily. rfs activities. its conlrgl envirommnl. and I￿elY luture
d8velopments. indudiThJ in relats"i)n to thg lrfal aThJ ragulalory framawork appI￿atr￿e antl how the entity is
comptying ￿th tho1 framèwork. 8asod M this LW)derntwding. ￿ identify aTrJ assess the risks of materlal
mlsjtatement ol the finan0￿ slaiemetits. due tofr8VL1 orwror. de*gn 8nd perform 8udit pro¢odures
rgSPb)llSiV• io those risks. and obtairs wdit evidence ¢h81 is sU￿"￿t and appropriate to ￿￿0VId9 a b•$is lor
our o￿TrI0n. Thi5 indvdes ol thg risk ol xts by the enbty thai were c¥Jntrary 10 appI￿able law*
anL1 wulallon5, induding fra&￿.
In response to Ihe risk ol wvogulalths ￿ nonthe0￿¢￿ce wih 18rffJ and regul￿1)hI. IrKI￿ty￿ fr•ud. w•
d88wJnad pro¢*oUr￿ whlch irKluded..
EnQ￿ry of manwJemeni ond those charyed with 9¢wern￿ arrAmd adual and potential ￿lj
claims ès w811 as actual, *uspeet•d Dnd alleg8d lrnud..
Re¥1￿7￿a mir¥Jlos of meeUTra$ ol chAr98d *ith govern8￿."
Ass*s$lrvJ th¢ exlenl ol compliance thè la￿ aTrJ rewl*icrts CA)r¢Jthr¢d lo hovè 8 dlrecl matenal
elfecl on finarKW 3tatem¢nts or ￿ oper8iK•ns of the enDty ihrough enquiry and in5peciion.'
ReVI￿n9 fin￿￿al slatement di5dosures and ￿511￿9 to 8upportWlg ¢Jocumentstion to 0118s8
complia￿e wilh eppltablc Iws arKI regul8bon6,'
Perfomiiry audltwcrfk QV8f Ihe fisk ol managèment tias arxl Dv8rrid¢ ofcontth. Induthng Iolllng olloum81
enln89 and olhef edNJsvnBnls lor 8pprokwleness. tsvaltotsw th8 t￿$1￿8$5 ration818 of swnif1¢8nt
ans8¢¢long ouisido nor￿1 ol 0￿￿$S and ￿¥l￿n0 wunllng •8bm?105 lor indicators cl
polential bl9¥.
B8cauM of the lnhwenl15ftl￿Tr3 ol an *Jdil. It￿¢ 1$ a risk thal ￿ t•AI Tr)1 detect oll iffoauLqnt￿3. IDcludiry
Ihoso l￿dIr& to a mat&rf￿ Misstalem￿l in th8 finartial Jlatoments LY non<Lxftplkgnce vAth rapulat￿n. Thls rtsk
irna5e5 the rn￿e Ihal COM￿10NGe￿Ith 8 laworrngulawon i? rernov￿ fromthg events transaclk)ns roll&ci8d
In the financial slalements, •8 ￿ will b• less Iikoly to b￿m• awar• ol Ins￿r￿¢S ol rth-eompliBnce. The risk
of rK¢t deteclw¥J a m8lerio1 missialomni rnsuttiThJ from fraud 1> h¥Jhef th8n for one r*s￿lIng from error. 88 fraud
may invdvt cc41u$ion. lorgery. intents￿ omissth$. rThsr¥wèsentsllon$, ¢y tho ov•ftfjde of Inigmpl ¢ontrol.
U•• of our r•w*
Th1¥ 18POrt is made solely to the th￿l¥ble eoftwny'$ mem￿1$. as 8 tojy, in accorda￿& chapier 3 part
16 of the Comp￿18$ Acl 2006. avtht vmrk ha8 b•8n undertaken so Ihal mighl stale 10 ihe chortt)bl8
company's membars tho84 malt•rs are required Io slalo to Inem in an audiiors, reF￿rt arKI for no olher
purp)3e. To Ihtr tyl￿$1 extent pem￿tt￿ ty law. w8 do not 85swne re5ponsitslity 10 anyone other than
th$ c*orttable company the tharitable company 5 ry*thrs as a b(NJy. lor ow audil work, lor Ihi9 fgport, Of
for the winions wo have l¢ym•d.
,1 LJJ kn-
Jon Noble (Senlor Statutory Auditor)
For and on beh•W of Azets Aydll Sew¥lc•s
Chartered AG¢wnt*)ts
Z¥ .14, 2oLr
1￿14 AThJover Road
Winthester
Hampshire
UThled KIng￿rn
S023 7BS

MARWELL WILDLIFE
CONSOLIDATED STATEMENT OF FINANCIAL ACTIVIMES
FOR THE YEAR ENDED 31 DECEMBER 2023
IncludirwJ 8 eonsokdatsd Irwno exF*nth'luro OCCL￿1101 ye*erthd 311)ecorythr 2023
Unrnstricte(I
Total
funds
fund¥
2023
2023
R•strleted
funds
2023
Total
fundg
2022
InGom• from:
Job fetention scheme grwit
Olh8r donalions and legaws
8,199
1,742,073
1.750,272
171.804
171.804
1062.308
1.062.308
1234112
1.234.112
Other Iradlng odkniles
Invostments
Charitabk8 Xtivst
Olh•r Incc*
3.876.802
84.327
6.464,061
46.443
3.876,802
84,327
6,464,061
46,443
3.684.975
12.707
6.965.630
41.B55
Tot•1 Incom•
171.804
11,533,941 11.705.745 12,455.339
Exp•ndltw• on:
Raislro l￿d?
4.421,435
7.925.410
4,423.965
8.123.034
4.413,259
8.485.001
197.624
Total •xpendltiir•
13
200.154
12.346.845 12.S46,999 12,898.260
N•t Id•lklll b•lof•
tr•n$l•f*
128,3XII
1812.9041 1841.2541 1442.9211
Tr•n81•f•
143.5911
43.591
N•t Idell¢lt}, belng n¢1
mov¢m•nt In lund•
171.941)
1769.3131
1841.2541 1442,9211
R•con¢lll•lloh ol fvnd•'.
Totsls al 1 J8nuory
2023
413.702
18.685,864 19,099.$66 19,542,4a7
Tot•1 fun+J• •t 31 D•c•mb•r
2023
31
341.761
17,916.551
18.258,312 19.099.586
All ac¢Mtl•s ￿lats io conlnurKJ op8Trtions.
nole6 on pa9es 21 10 46 p8rt rrf Ihes• fmawai
18-

MARWELL WILDLIFE
CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 310ECEM8ER 2022
IncludiryJ J C￿￿￿aled wK16xpeThlrtwe *¢wnl lh8 year 31 D8cemb8r 2022
Unrnsirfclod
Total
lunds
fund¥
2022
2022
R•s¢ric¢td
lunds
2022
Total
funds
2021
Income from:
Job retention scherne gr¥nl
Other don8bons and leg
8,199
1522.318
1.530.517
3,684,975
12,707
6.965.147
41.855
8.199
1.742.073
1,750,272
3,684.975
12.707
6.965.530
41,855
390.163
1 370 542
1,760,705
2,812,158
219.755
Other IradlrvJ acti￿1￿$
Investments
Chadtable acliwtl
6,417,338
45.020
Tot*1 In¢ow
220.138
J2235.201
12.455,339 11,035.707
Exp•ndllur• on..
RoisirwJ fw)d8
Charilbble ¥tivili8s
6.523
134,
4.406.736
8.350,093
4.413259
8,485.001
3.384,57S
7.030.686
10.11
Totsl •xp•ndlWr•
13
141.431
12,756.829 12.898.260 10.415,241
Nèt Incomd(d•ficttl b•lorn
tr•n•l•rn
78.707
1521,6281
1442,Y211
820,468
Trnn•lers bei*•en fun(l$
N•t Incom•. b•lng n•t
mov•m•nt In fund¥
78,707
(521.628)
1442.9211
620,486
R•¢onclll•tlon gf fund•:
Tol810 fund¥ at 1 January 2022
334.995
19.207,492 19.542,487 18.922,021
T<Aal fund* *131 DoG•mb•r
2022
31
413.702
10.685.884
19.099,560 19.542.467
AI rdalg ￿ contirwJlThJ operd11￿.
The not•s M pagès 23 to 48 frffln Lrf these slatenwnty
19-

MARWELL WLOLIFE
CONSOLIDATEO BAWCE SHEET
FOR THE YEAR ENDED 31 DECEMBER 2023
2023
2022
R••lat•d
Flx•d asMt•
TaNJiUe 88sets
Animal cc41sct
17
18
18.893.441
18.747,692
TO1￿ 8$8ets
18.893.442
18.747,693
Intgnglble a$s8ts
19
15.050
18,952
18,908,492
18.7fj6,845
Curr•nl •Avt•
Slocks
Debtor5
C88h at bonk and In haThJ
21
112,599
673.721
3.907,442
110.355
688.793
4,893.762
5,888,9W2
Crndltor•: affrtJunt8 I￿liT9 due ￿tran
on• y•8r
23
11.810.440)
11,721,544)
2,883.322
4.147,448
Tot•1 l•Js eurrnnt Habllltl
21,791.814
22,914,093
Cr•dltors'. •mount81ollir9 (lu8 oftor
one y¢ar
13.533,S021
13.814.527)
18,258.312
19,099,586
Charlty lunds
Ré$trict•d lund•
Vnr•strl¢t•d lund•
D¢¥ignaled fixed as8ei lund
Fr•e reserws
341.781
413.702
15,125212
2 791339
14.745,820
Totsl unrostrkted lund5
17.916,S51
1868S864
Tot•1 fthds
31
18,258,312
19.099,566
i.t/4l>r
The finandal ststemenls Ib*re apyovoJ by IM thts10•9 ..
. 8*3r￿￿ ￿ th•ir beh8W. by..
Fra
Andfew W¥r•n.
Hon6. FCA, MBA
notos ￿ pages 23 to 48 fomi p8rt of these finanrJ* ststw￿nls.
Cha￿Y Rggisty*ion No. 275433

MARWELL WILDLIFE
COMPANY BALANCE SHEET
FOR THE YEAR ENDED 31 DECEMBER 21r23
2023
2022
Flx•d
Tar¥JitrAe assets
Ankn81 cdl¥lKsn
17
18
18.893.441
18.747.692
Totsl tsngible aSS
18.893.442
18,747.693
Inlanglbl• 8ssets
15.050
18,952
InV￿tMen1S
100,0
19.1Th.492
18,886,645
Current ￿*•1¥
Stctks
Debt
C88h al bank and in h8￿j
4,852
1,731.073
2.492.085
5,376
4.227.892
1.287.
4.228.010
5,521.168
Cr•dltorn: amounts falllTrJ vAthln
one year
1621 723
N•t curf•nf •M•ts
2,6C6287
3,978,319
Total As••t• ¢urn•nt Il•bllltl•$
21,614,779
22,844,964
Cr•dltorn.' rnnls 1omlThJ due aft•r
¢y)g year
{3.533XI2}
13.814,5271
N•t ••••tJ
18,081,277
19,030,437
Ch*rlty funds
Re81rlcted fuTrJs
Unr•$t￿led lurKIs
341.761
17,739,516
413.702
18,616.735
Tot•1 fund•
18.081.277
19,030,437
T￿ finandal siatemenls ￿Te •ppm¥ed by fv trustee$ on ... . ..
ned C￿ Ihvii beh41. by..
Frnn
on5
And
W*r•n. BA Hon•. FCIK MBA
The note¥ on pages 23 to 48 form ol thgw finwKi•l Stalem￿1$.
Corryny ReyistratK￿ No. 01355272
21

mAR￿ELL IMLDLIFE
CONSOLIDATED CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2¢Y23
2023
2022
C￿h Ilow• from op•r•dn9
351.51
52S,375
•Cil¥Ati•s
Intw••t p•ld
11390241
1146,991)
N•1 G••h InfiowlT¢)m ¢Jp•r￿n•
•ctl¥hl
211.884
378,384
C••h flow• Ir•m In¥Mthig
•ctlvttl••
In￿￿[ T•eAvabl•
Purth#8• ol tong1b￿ fix•d •H•ts
Proc•¢d¥ from 8018 d Pfop•ity. (W
•qU￿rn￿t
84,327
{1.2LKS.407)
18.723
12,707
11.017,e88)
28.478
N•t ¢vh In lfiY••tlng
Il¥ltl••
{1.102.3571
(976,7031
Pln•n¢lng •ctly1￿•0
R•p•ym•nt of I••M•
Drknn of knon
R•payn*nl ol k)
(38.086)
{38.0851
1233,6431
1225,7851
N•t ￿•h In fln•nEIrt•
I￿1¥111
{271.729}
1283,8701
Ch•ng• In ￿•h Ind ¢••h
•quIv￿•ntr bn th• >w
11.162.4Wdl
1882.1891
C•8h and ¢•th •qu￿￿OnI•
S.lJ89,844
6.932,033
Cash ¢ath •qul¥•l•rt8 ￿nI￿1
¥3
3,907,442
5.089,844
Th• no￿ C￿ P•9•1 23 to 48 Itym pgrtLrfllw•

MARWELL WILDLIFE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDEO 31 DECEMBER 2023
A¢¢ountkng Policle•
1.1 Basis d prep•ratlon of finan￿￿ stht•m•rhts
The financial st3t•ments have b￿n prepared fft ￿¢{tr￿￿¢£ 'Accounbng and Reportr'ng by
Charilies.. stater￿￿1 of Rec(ffimeThJed Pradic• to chwilies preparing their a¢¢ournts in
cordanc• wlh thè FinarKial Rep￿ting stsrxd3Td aF¢4KatAe in Ihe UK and Republic of Irelan(J IFRS
1021 las amendèd fcrf a￿￿111n9 pwiods ￿mrr*￿n9 from 1 Jawary 20191 I'lh? SORP'I ané the
C¢Jmpanl8s Act 2C¢6. The prirtip81 xcoLmtirKJ pdKigs •Joptsd a￿ s•t out b81ow.
Wildllfe mee1¥ Ihè dehnitlon ola uTrJ8r FRS 102. Asssts and wa￿1$￿e8 wè
irthlially recogni5ed at h"storical cost or traI￿￿)n unl8ss olhtirw￿ slated in the ra￿vanI
Th8 finandal staiem8nt¥ are prepwod in slerliwg. whKh is Ihe lunciknnal cumxKy of clwlty.
Monetsry 8mounis in these fingncial st4tew*nls are ￿￿ded to the nearesi £.
1.2 Company •t•tuJ
Marwdl Wddlife i8 a comwny lfrThrriled by guarnnlee lThJmb8r 013552721 incorporal•d in Enuland &
Wales wistered wilh th• Charily Comrni8siM Inumber 2754331
Th• m8n*•r8 of ihe corrwny arè Trust8•s named on thè fwsl page of th8 stalulory
8ccwnts. In th¢ ttvant cl Ihe tharity ￿. the I1¥bt1￿ in r•8pect of thè guarante• Is limitgd
to £10 pei ol the chaity.
1.3 8ul• of wn#olld•tlon
Th• financlèl #taiemonts c¢thc4th WI￿￿? &Y of bts svbJi(k#ry
undertgkings1.8ubgdlaiies.l.
T￿ eompaTry i#k•n adv￿199? of tho CA)r￿ned witNn 8rtlkJn 408 01 the Comp8ni¢s
Acl 2(M)6 Trjl to p￿en1 Its (wi IrKrTh aTrJ Ex&w￿llula Ac£LXmt.
irKofflo and •Xpen¢rtU￿ aceount Ilx Ihe yw deall with In tho •¢u)unts of th8 ¢￿[￿nY was
d•fiul 01 £949,18012022". surplus of £144.2851.
1.4 Fund •c¢ountlng
Genernl lund8 8r8 Unr•s1￿le￿ funds bvhi¢h ore avaiLgtye lor use al Ihe di5creiion ol Ihe trusteès In
fwther8ne¢ of the gonoral obieclNes c4 the Company 8nd ¥¥hkh hèvo ￿11 been design81od for olher
rposeg.
Roslthl8d funds w8 I￿18 aye lo be used in with restric￿on5 imposed
dwr5 or which have be￿ rniseij by the comp8ny p¥1￿ul￿r purpostss. Th8 cosls of ralsing
8clminlsteriThJ su¢h fund5 ar• charged again$1 the hjnd. Tho aim us* ol each feslrici8d
lund Is 591 out in Ihe th• finwKbd statements.
Inve¥lm8nl income. gains arnj losses *• to th• aFpropn8te frJrKI.
-23-

MARWELL WILDLIFE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
A¢countlng Pollel•s IconOnu•d)
1.6 I￿On
l inccrfne is recognIs￿ orKe th8 ciynpany ha$ entrflem8nt to lh¢ irKome, it ts yobable Ihat tho
Income vlll bè r8c*ved anLI Ihe rnnl of inc(1￿ r8cei¥atrAe can be Measure￿ reliably. No ￿ount5
are In¢lLthd •) the fInar￿la1 $18l•Thrts ￿￿￿tell by V￿n{9e￿.
freth donatlon• 1$ rec￿ on or Wh￿ *)y t•rm aThJ t￿r￿n1 h8v8 been met.
lrtom¢ lrnm I￿•¢19S is r*cr4nl￿d cl the Iwy is r•ceived, genwally aft•r 9rant
ol probth, pro¥ldir¥J th8 arrwnt w ba rtlkbty a5L*rtwned uNim•te weipl 16 wobable.
Grant Ir￿￿* is reccqnised whw all Iwrn$ and con(knorffj relatty to Iha grnnt hwe boon met.
TradiryJ incomè and incthno from aetwllieg Is r8co9Th￿ at fv time of receyt. Tumover
comprises menu8 rncognised by ihe ctynpany in rèspwa c4 Qc￿5 oThJ seThk4$ suthied Ihe
y?ar, exclusive ol Value Athjed Tax aTrJ tr*Je disco￿lS
Mgmb•r8hlp Incom• 59 rKc#JrtM¢J ￿ a sir*ht Ine b•th ov¥ Ihe nwber¥hip pertod.
tax recoveratle in re￿1￿)n io ￿alIrTh r¢e•ived uThJef GIN Nid or dood6 01 w•n•nt 15
ref￿nI30d 81 the tim• c4 th• th)nall￿.
1.6 GoSn9 ¢onc•rn
The financlal statements be•n yepwed M Ihe b8$19 th81 fv gro￿ ccfflpwy are • 901ry
c￿Ce￿. They INS￿e$ ho￿ aroro¥ed 8 ¢Jo18i1gd ￿n￿rne and exFeThditur8 tsJd9Ot for 2024 and
lor¢¢asis lor 2025, grw ha8 a r•gulw jtrgam ol from vlsltors %￿71 rngèt Il&b￿l￿o$ a9
thèy 1*1 dug.
Based on Ihe lo ijele in 2024. •xpocted for tho r•st CA 2024 Inlo 2025
continued bank supm the tsy518ès conshjer th•t therè are no Mat￿91 uncert*'niks rela￿￿ lo Ihe
gwup'$ ab4ity io continue its actwtties lor the foresèeable futufe. belng a period of al ￿¥51 12 monlh$
from thè dat• ol approval of these fimrdal Stst¢monts.
1.7 Exwndltum
ExpeThliture * recognieed (rt• there ￿ a W or constn￿l￿ (kn1￿)sti￿ to make paym•nl to 8 thlrd
P8rty. rt is pmbable thai 88ttl•m￿l will be requw•d ond amouni of thg ob￿10￿0Th can be measuied
rèliatdy. All èxpen(k'lvr* 1$ a￿OUnted for eo an aceru81's basis. Al expen5e$ incsudlng SUPPOrt cos1$
aThJ governan￿ costs are ￿k¢ated to the a￿llea￿e exFw¢JIU￿ I￿adi￿a5.
Tho costs of g￿er￿tIr1d ar• th08e CO￿ incunwl kn attr•¢Ur*d vcluntary Inc(￿0, and t￿)$6
rKwed th Irading J¢tiwtie5 that f8ise furbts.
Chafftablè 8ctivlOes indud• our cons￿￿.￿￿ and EdI￿tIc￿ prryjrnmmes. and the oper8lv)n of the
Zoo in $upFK•rt ¢f th05• prrvJf8rmw Thè costs of ow aLlivrt*$ I￿lude bolh direct costs
and support costs reL4tity io lhtst aclivil
Govomarts cD3ts Ih)se In Ih¢govwn¥ncè of Ihe ch¥ity and we priThwAIy a85tsCAated
con$titsJtional, stsithtry str8*9lc req￿rer￿￿tS.
Support costs. vthich ihe e¢ntr81 off￿e such a5 man89pm¢nt, payroll.
¥dminisiiation. bLO3eb'rrfJ Inl¢JnnaiKY¢ techTh)iL¥y and human rgsots￿eS are allocated
-24-

MARWELL WILDLIFE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEM8ER 2023
Ac¢ountlng Polld•s IcontlmKdl
1.7 Expend￿￿+ (Con￿￿￿¢d}
Support costs. whth incluth the cenlfal office lun￿5 such as ganernl fflanag8ment, payroll.
dministration. ￿l1geurO and aCccwi￿g, inlofmaikn 18chrn)k¥3y 8ThJ human ￿Our¢e$ are allo¢aled
across the Ca￿(*1￿9 of the co$ls of ge￿ra￿n9 I￿{￿. thariiJbk acb.￿leS and governanco cos￿.
SupFK)rt eosts are dlrectly att(ibuie(I where p0s311H? Whwe tlw8 Is Th)1 possibl¥. Ihey we appOr1￿d
on the b851$ of numbers ol *aff emph)yed in drffereni wratimal areas ol the charity.
Irrecoverable VAT 16 chaffJÈd as • cost to th& Stste￿ Ath'Vrtle8 I%￿1h1n th• approylale
category as abo￿}.
1.8 T•nglbl• flmed •nd d•w•cla¢lon
Indlvkaud fix•il assets co31w￿ nh)re than £5,LM)O we iTrYudod at co¥1, includirvJ 8ny
Incidentd cost8 of xqwsilicffj. T8rylbl8 fued &ss¢ts at cosl less depreciBtion. D8pTeclatlon
16 pro￿d￿ ai fates calrJJlaled to wrile off the cosl of fixed asg01S, lèss eSum￿l$d residua1 value,
over Ihwr expe¢ie(S us0f￿ on follo*YvJ bws.
JNmal ho￿0¥ a￿1 IJuthJir•J
anl & equirffl•nt
Moior Veh￿•$
Roads and le￿
CcffjNtsi 9qu￿en1
- 24% straighi
4.25% siraty3hl line
25% stra*hl lint
7.5% $travJht line
- 25% stsavJht11
No de¢wlati￿ its ry0V￿d on laTrJ or 888ets kn the cAyxse t4 c*n8tructlon.
1.9 Int•nglble Ilx•d ￿#•1* •nd *morii••tlon
Intongblè ass•l8 IhaTh £5.￿) arn at co31, irtl￿31n9 any lnud￿1)I costs of
a¢quIS￿On. Subse(￿nI lo inlts"* rtrtt•Jn6DCn. In￿Wit￿O assets are st*ed èi t￿$1 ￿89 a¢cumu13ted
8morti8at￿n and accumulatèd 5ftwakn￿nl. Intah9ible asJets are arTh)rbsed on a sirBkJhl IlTh& ba•¢$
over th8ir eslknaied (Tr8ef￿ e￿I0￿¥C We. The c8ryiTrJ ￿lut of Intangiblo ass¢ls is r8view•d for
Impairwent rf èv•nts or Ch￿￿8 kn clYcum51*xes th• carrying Val￿ bg r￿0verable.
Thé us6lul ocrmomic lfves of Inlang#)l• assets are 8s fdhm..
SoltsYdf• and IT ￿￿orn$- 10 y•ws
11 th8re are ￿￿910r$ value (* useful Irf8 of an inthrvJlbl8 ass￿ has changed 51nce
rnosl reGent reporting per￿ *5￿m￿oN Bh#ll be ￿VIeW*d and. If curreN
exr¢cla￿0ns the residuol value. ar￿￿192(￿ rnet￿ or useful lrfe sh811 bo amendad. Chang8S
In ih8 exp8cied ¥selul lile or th8 eX￿•d pattem ol corour¥VioTh ol ben•frt shall be xcounled for85
ch8nge in accowling èstnvle.
1.10 Impalnn•nt of no￿tIn4￿cl•l ass•ts
The charity assesses al each reportiry dalo vknellw 8n asso1 may be Impalred If any Such Indicati
exists. the charity eslimates the recoverable aiTrJml of the ¥5set 11 Ihe fe¢overablè amount is le55
than 118 ¢anwng amounL Ihè caTryifo 8mwnl ol the a$W is Irryjawed and it 18 reducèd ID 115
r8cov¢ratyo amowt through >n Impalryr￿t ￿ profil 8Tr1 k)ss unlESS Ihe a¥sel 1$ carried at a r8v•lued
arno￿1 where the iryjainnenl kns8 ol a rfrvaw asset is a revaluaii(m decrease.
.25-

MARWELL WLDLIFE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
A¢¢ountln9 Poll¢las Iconiinuedl
1.10 Impalrm•nt of noTrfin*ncl•l as80ts l¢ontlnu•d)
An impaiffl*ni loss ￿¢￿Jnis4d lor 811 assels Is rèvwswj ￿ a wbsequgrtt P8ri(4J if aTrJ onty rf Ihe
feasons for tho Impalm￿nI bss have ceased to a￿.
1.11 Anlmal*
Mathll Pa￿dpateS in gk4ial ccop6rative ett￿ts to maintain wslainabla wjwlaiions ol
anlma18 we rekanl on Ihe sh8rtng of ndivithJa& ZlX)logKal (Wganl$o￿ryiS. Veterinary
screening, Irdnspcrtt and rJ)sts ol le￿1￿7r￿d anYTr￿S a￿ exponse(I durir#J th8 Feriod of
8couisitson. Howe¥*r, wlh no (kn￿1¥e or waciic4 to¥bs fw estat4i$hir*J value, ar*m81 tran88ctlon8
are made Wil￿)￿ monelary wsiderabon. Hence. B$ 18 CUS￿¥Y zc4)ico3ical or98rt¥81th8.
8￿M01 eolects.on is at 8 nominal val￿.
1.12 Stocks
Stock• 8rÈ valued at the rnaliry8t4ev￿• afterm8klng OJÉ aNowarKo I￿0b$O￿l*
ond slow.rnoviTrJ slocks
1.13 Inve8tm•nts
Invè8lmonl in 8ubskliarto8 oro vahJed ai bgB5 fLY Inwirm•nl.
1.14 Op•rntlng 1••8••
Roftta￿ applk*• to cper•tkng b&aae$ or• ¢0 Ihe Statemgni of Flnsndal AcUvlV•5 ovol 11
ponc￿1 in *thich ¢95t is Irwrtyj
1.15 Debtor•
Tr*16 ana oth•r ¢Jeblorn arn rwniMd al 88lilwnwl after ony ir•J• dIs￿￿ni olforgd.
Prepaymenls we volwd at Iha amounl rèpakj mt ol ony itsde dlscourts du•.
1.16 C••h ai b•nk •nd In h•nd
c￿ al b￿k and In hand 41¢1￿je5 cash ¥•J 8hcfi lerm h¥Jhty &quid inv•$lmenls a short maturiiy
01 threo rnonths crf1o5¥ from dat• of LY ol d￿061t or S*Mi￿r acC￿nI.
1.17 Cr•diiors •nd provl•S¢)n•
Credikn)rn and provisi¢n$ we racogni98d whore th8 ttmpary has a ￿•s*nI obligation resulting from
past ih8t wil probatmv res￿1 In Ihe trdnsfei olfun¢ts lo 8 Ihird party and the 8rnount due to 5etlle
Ihe obl￿atIon un be mo&sw￿ ow èsbmaled rohatdy. CredrtOT5 and p￿￿910n5 arv nonnally
recognised at Ihe¥ sottlern8nt after lor any trad8 I*sfxJunts due.
1.1B Fln•n¢l•l Instruments
Th8 ¢hoTtty has elecled to aprty thè Pro￿$tOn$ oisedim 11'B¥¥K Flnancial Inslwrr*nts' and Sedion
12 '0ther Flnanual Inslrument$ 155ues' ol FRS 102 to al ol its finanu81 Insiiuments.
FinhnrAal Instruments recc*3nised charlty's baiwca sheot when charity b8COTh$ Party
19 the cr￿ctl￿ [￿V￿lS of ts ir)slnrnL
B85ic finencsal duels, whith H￿Ude deblw and cash aThJ b8f* bo1onc85 rawva￿ ￿1Th ona year.
ar8 measured at trans*w)n price 1ndW￿n9 transa¢tth cosls
-26-

MARWELL WILDLIFE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
A¢¢oyntln9 Pollclgs {tOntin4￿d
1.18 FlTrondal In•trum•nts leontinuedl
Ba&c fin8rKl8ll1abilit￿$, ¢rediic¢s bank loans are bnii'aly rwnised 81 transactlon pric
unless tht arrawemgnl cNb5kntulès a fm0￿1ng trartsacl&￿. debt inslrumenl Is measured at
present valuè of the fLJknJre paymenls dIsc￿unted #t a mwk8t ralg ol knteresl. Finanelal liabU￿e$
classffied as payable year we rwji wnorti$tyl.
D•bl in8trurnents 8r¥J $ubsoqu8nly canled al arr¥Jrtis8d ry)st, Ugirvd th• eff￿lIve interest Yate meihod.
Trad$ credltors arg otrlvJations lo pay for gr•Jds or thal have been aCqUiTod In the ordinary
C￿rse of 0por0￿n$ Irom SLwI"ers Amounts payatkn d8551fi￿ as current liabdi￿s 11 paymenl ss
due w•1u￿Th (m yoar or1g58. If N)t. Ihey we￿n1&y as nLTrpfftni l*blitkns.
Trade crn¢Mois are recognised iniD81ty al tr•n￿diOn fv •xl subswueth fflg¥ur•d al anYMli5gd
cost usirwj the efferAw Int8rgSt Mell￿
Fin8nd81 liotAlii•s are dwecognbS•d vthert the thjrrty'i conlr•¢luul obllg•tKJnJ expire or ar•
dischafoe(l or
1.19 R•llr•m•nt b•n•llt• •nd r•dundancyh•rniln•llon ￿YM•Dts
Ptyments lo d9finE￿ o)ntrlbutlon r•Iirgr￿N bot￿1 ¢dM)mts. •nd t•miin8tSon p•ymgnty
r8 charged aj an 8xpJn8e u I￿Y tsu due.
1.20 Fln•Ac• l••v•
L*8￿5 ¢las5ffj1od •# finar￿0 leases Ihe tsrms ol the lease Iransfèr sltsslantiaty 811 Ihg
sks and rewards ol ownefship lo the18s¥oes. ￿1 Other k3¥¢5 afe duslfied a? opern16ng ￿8$e8,
A￿01$ hold fm8rKe leases rwiiws8d as ••8W al iho Irmw of •888t8 tslr v8lue al th•
d018 Lrf In￿pIlon aF5d Iha wèsènt¥alueofthe rn*iinwJrnleas8 paym8nts. The related lilbility is included
in baan¢g sh8et 88 flnan¢e 18a86 thbJ8l*)n. Tho inlwogl is eharg8d to the slg18moni d financial
8ctsvilleg $0 os to a c4)nst•nt w¢xli¢ rBt? ollnwest M Ihe r8malnirffj bo18nc• ol thè Ilablllty.
1.21 Fof•lgn cury•n¢y tr•n#l*iion
T1￿98¢1￿n$ in cumnfie8 olheTth￿ récorQod 81 Ihg r**S ol exchange prevaifvng
at the dat•s ol Ihe tran38¢tyrffl. At trach cep(*b'ng •ThJ dale. moneiary a3sets and Ikibililles that are
d8nomln&ted in foreyn cuffewes are rolrnnslaled al the lo￿ weva41ing on the reportlng end dale
Galrtg and losse• 2ri8iThJ on knng1oti￿ in the pe￿d wo in the SOFA.
1.22 Gov¢mm•nt qr*nts
Govwnm¢ni aro fe¢0Jru¥￿ ai the lalrvdug (4 ihe gssei rece¥ved or weSvable s¥hen thfj￿ IJ
•sonab￿ as8wance that ts 9r¥nt corxlrfions be met Ihe grant2 be receivgd.
A gMTIt Ih81 5wcifie5 perfornarte cornJilkJn$ is reccsnlsed in 1￿mne when the perf¢)mian
condillor* are mel. Whore a 9rant does fK)15p•rify ￿￿)r[￿alKe conthtions it recc4nis•d in Income
whpn th¢ pr￿eedS are rÈ￿1ved or r•ceivable. A grnni f￿ed b8fm Ihe rwniknon criteria ar8
sabsfred is reccqni5ed as ￿"0b11￿.
27-

MARWELL WILDLIFE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OECEMBER 2023
Judgom•nls ond k•y BOUfC•S ol •stimallon uncertwnty
Acethnts"ry ests"males Itwjgemenls a￿ COn￿nual￿ eval￿ are basod on hlstorical
exwrience and othw fadors, ind￿11r￿j exr*lation5 of tuilre evonts that we bdl•ved lo be
reawnable urthr Ihg urcLMnsl8rKes.
Uwful •conornl¢ Il¥•• of t•nglbl• •ss•t•
The group has rewgn$8ed t8nBrtAe fixed ass•ls with a cwrying value of £18.893,441at the year end
88 dl8dos•d In nole 17. Th898 assets are siatsd * thelr cosl 18$$ provision for dep￿l￿tion and
Inw8irmenl. The ¢harfty'S accounthi9 Sels out al nole 1.8 the Approach ￿ ¢alculab'rYJ
depreciaiion for thesè thJ$6t8. For Fwty, 3Thmo1 housès * tsth•r buihling$. the group deterninès
con$tNdion reliatAg *sUma￿S lor uselul kn18 of Ihe awt. Ihl**r8 Gomponent
accwAiln9 13 8rW*d with ¢(xnpeoents of o Ma￿ g$$01. belrvJ irJeniif*d anddepreciated overtlrfferenl
useful Ilves. These e5tirnates ar8 based UFth such f&aof3 83 the exMad u$8 of tho a5S8t and
mDthel conthlion$ Al ¥ub5ewenl rewrtjw dates tho Trusieè$ consid•r bthetherthera we ony factgrs
¥uch as chaTrJ8s In Ma￿•1 cor*Irt￿9 Ihat Ind￿18 è rthj to reccwldw the 6sUmato$ used.
In¢orn• from don*tbon* •nd W¢fj••
R•strl¢t•d Unr•Btrlct•d
fvnds
lund•
2023
2023
Total
lunds
202J
Totol
funds
2022
Don8llono
Le9aci¢¥
Grants
GoverThmgnt grants
Gfft ald
Total 0)n￿on$ JTrJ l8g&?88
e9,492
269,194
252.852
338,686
252,852
102.312
327,692
699,362
153,162
8,199
$40,262
$40,262
561,857
1,062.308 1.234,112 1,750,272
102.312
171,804
R••trlct•d Unrn•iA¢t
funds
funds
2022
2022
Totsl
lund•
2022
fund¥
2021
D(mat￿n$
L8garJgs
Granls
Job reten14on schemé grnnt
Gifta
Totsl (bonolitin¥ 8ThJ W•s
86,593
261.099
699.362
327,692
699,362
153.162
8.199
8,199
561.857
561 857
1.530,517 1,750,272
480.277
203,508
52,155
390.163
634,602
1,760,7D5
153.162
219.755
-28-

MARWELL WILDLIFE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Tr•dlng •¢tSvhS•s
Total
Unr•strlGt•d
Tot
Unre¥trlct•d
fvnds
2022
2023
Charliy Iradlng Incom•
Tradlw I￿orne
3.873.519
3.678.382
Fund1￿*￿n0 and tr•dln9
oxp•n8•9
Cosl of gLx)ds
Oirect eosl of ChristhW$
Mafkèii
Ail olh81 costs
W￿￿3 and $818ries
National Snsuranca
P•nsion cr4ts
s#ff r¢l8ted costs
SuPpC￿ tosls
1.154.291
428,240
75.564
443,711
1.033,942
62.153
30.477
4.614
842,153
1.173,024
369.287
435.012
1,110.564
65.365
33,526
2,904
820.129
4.075.145
4.078216
Nel In¢om Irom l￿dIng ac￿1￿8
1201.62fj1
1397.8341
I￿l￿ded in lh8 Ot*)V8 lrndiry 8ctNh*s ore Ihe r*suliS ol th• w￿lY tyvn8d subsidiary. M8Thvell SeNic8
Limrted Icompany No 009605821, %th'¢h opwale$ ihe slw and othw oress ol commercial tr8dirYJ. A
wmmary of LI1￿￿ ￿$￿1$ are as 11fv￿..
X123
2022
Tumover
Olh8r kncclne
ExpendKur•
Profil for the year
3.872.720
28,895
3 724 581
177034
3,875,762
10.619
3 617252
69.129
Na¢ As88ts I C*tal & Re8erves
277,034
169 129
Qih•r tr•dln9 ￿•1￿¢1••
R￿trIcted Unmtrlct•d
tund$
fund•
2023
2023
Total
Tot•1
funds
2022
2023
Prowlskjn of 8(kn{r￿￿tratIvtr swvKes
3.283
3,283
8.593
In 2022. all Incorne Irom oknr xtNibes was Unrest￿ted.

MARWELL WILDLIFE
NOTES TO ThE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OECEM8ER 2023
In¥e¥tm•nt In¢ome
R•stricted Unr•8tflded
funds
funds
2023
2022
Tot•1
funds
2023
Tot•1
funds
2022
Bank & in*r•st r8CBiVatA8
84,327
84,327
12.707
In 2022. 411 lftveslTh*nt Iru)rT* Was Utyestricied.
Incom• from ¢h•rltsbl• •¢tlvltl••
R￿￿¢t•d Unrnstrtct•d
lunds
fund•
2023
2023
Tot•1
fuDd•
2023
Totsl
funds
2022
8*Joglcal con$8rv•llon
121,488
121,488
61.940
6,342.573 6.342.573 6.903,590
6,464,C*l 8,464.061 6.965.530
In 2022, 01 ts lotsl income from cl￿wIt*bI￿ actNths, £383 w88 to mirkl•J ￿[￿1 wd
£6,965,147 was W*Ayng fvnd5.
Oth•r In¢omln9 r••oure••
R••lrlGt•d Unr••trKt•d
fund•
fundJ
2023
2023
Totsl
lund•
2023
Total
fund*
2022
Renlal in¢ome
Sundry Income
43,972
2.471
46.443
43,972
2,471
46,443
41.577
278
41,655
Co•ts of g•n•ratln9 ¥olunthry Incom• 2023
Re8trlct•d UnrnBtrlct•d
lund¥
funds
2023
2023
Tot•1
fvnd*
2023
Total
furbd•
2022
Costs d gocrtjs sdd
Marktrtirva
Stall and rèlated ￿13
Suppx)rt costs
All olher costs
2.530
9.￿2
),183
176.644
84.391
25,510
12.092
$0.183
176.644
84.391
25,510
12,237
51.880
142,226
90.923
39.777
2.530
346.2
348.820
337,043

MARWELL WILDLIFE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
g. Co¥ts of g•neratlng voluntary InGom 2022 Icwtlnu•dl
R•thct•d Unrn8trlct•d
funds
fund$
2022
2022
T¢)tal
fund8
2021
fund$
2022
Cosls cl 00c￿¥ sdd
Marketi
Staff end rglaièd costs
Support Costs
All other costs
6,523
5.714
S1,880
142.226
90,923
39.777
12,237
51.860
142,226
90,923
39,777
15,377
35,734
156.427
64.128
24,637
8.523
330.520
337.043
290.303
Co•t• of eh•rbtsbl• •¢ll¥ll1￿ 2023- Uni••trlct•d
8loloplG•I
cons•rv•tlon
Scl•nu &
l••mlng
8u•taln•blllty
2023
2022
DlrKI onlmal
¢A1818
Dlrect
334,393
128.712
483.105
437,931
sts
P8rk ruNN
¢ost3
M8rk8llng
Staff and
relai+J
170.301
1,929
172,230
168,499
961,9S3
374.89)
181.353
91.559
1.428,402
161.353
1,S09,207
159,371
2.410.894
916.296
103,435
3.430.625
3.420.010
Supwt cost8
1.317.W2
444.229
102257
1.864,088
2,107.603
lrtersst
64.303
21,680
.973
146.991
All Ot￿r costs
72
Tolal
5.315.823
2.153.7fj2
434.225
7,903.810
8,340.51KS
Co•1• of ¢h•ritabh Kll*AtS•• 2023- R•¥trl¢t•d
Blologlcal Sd•nc• &
learnlng
SuK•ln•bbllty
2023
2022
Dired aftlmal cosls
Direct o)MeNaiion
costs
51,419
51.419
80.441
146.205
74.487
Totsl
197.624
197,624
134,
31

MARl•VELL WILDLIFE
TES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
10. Co•t of thwrt•bkn 2022- Unl•￿￿ (¢onUnu•dl
Blo14)g1£•l S¢l•nc• &
nvr¥•tlon l••mlno 8wtsin•blllty
2022
2021
CITtct aramlll
C08tB
Ow•
303,244
134.887
437,931
374,128
158.327
10.172
168,499
190,624
P•rk nmnlrvJ
coll•
Markollrwj
Sl•ff and
r•latf*J co)1•
Suw)rt co
890,613
428.797
,797
1,509,207
1.214,953
159.371
943.105
159,371
3.420,010
102.419
3.109,450
2.371.&37
105.268
1.474.777
527.365
105.471
2.107.803
1.848,238
Int•r••t
l olhr
146.991
327.588
146,991
390.B94
122.561
89.475
59.156
Tot•1
2.$43J79
Co•1• of th•rlt•bl• XU¥ll1￿ 2022- R#tyithd
8Wc•l 8d•ne• & Su•t*ln•blllty
2022
2021
r•c¢ co
IXl,441
74.407
.441
74.487
95.862
68.OS6
Tol•l
134,908
134,908
154.016

ID trj 10
IlE-
(ry
85p85>

r ID *71
pr171
Illl- S-:i'

MARWELL WILDLIFE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OECEMBER 2023
13. Analys1$ of rnsour¢•s •xp•nd•d by •xptndltur• typ• 2023
St•ff D•pr•datlon
Costs
2023
2023
Totsl
2023
Total
2022
C05t5
2023
Expendlbjre on
raising V(A￿l3ry
Incomo
Expenditure on
201.858
29,017
117,145
348.820
337,043
1382.782
297.$52
2 394.811
4 075 145
4.076216
Co¥t# of
g•neratlno lund•
B￿l09￿al
consorvation
and
327.369
4 423,965
4413259
2,819.540
488.259 2,205.648
5.513,447
S,492.862
188rnlr4J
Sustainabllty
Chorl¢•bl•
•ctlvltl•¥
Exp•ndftur• on
90v•m•n
1.054.516
164,617
2.153,782
2.543.379
439 373
260,594
3 4￿).871
8 101 434
475 414
5.594.434
1.018.138
5.934.427
12.546.999
12.898,260
Analy*l• of rnJourc•s •xp•nd•d by •xp•ndltur• typ• Xt22
D•pr•el•ifjon &
•rnortl*•tlon
2022 c•8t• 2022
stsff
co•t*
Tot•1
2022
Tot•1
2021
2022
Expendlure on
wal￿￿ volunl8ry
In¢cme
Expgnthture on
fundr8i5ifKd (r￿1￿j
171.483
29.093
136.467
337.1)43
29e,303
1473 042
262 422 2 340 752
4 076 216
3 088 272
Co•ts ol
9•n•r•Un• lund•
1.644.525
19
4 413.2S9
3 384,575
Biolc¥ial
coTrseTh8llon
Saence and
amln9
Sustainabll
2,835,474
471.892
2.185.296
5.492.682 4.668,496
1.109.052
138878
168.741
33.746
1.265.58
266.749
2.543,379
439 373
1,952.410
392.958
Ch•rbt•bl•
Il¥btSe•
4.083 4W
3.717.631
8 475 414
eipenditurt ¢)n
gov¢rnanG•
9,587
16.8(
5.727.927
965.896 6.204.437
12,898.2eiJ 10.415,241

MARWELL IMLDLIFE
NOTES TO THE FINANCIAL sTATEME￿rs
FOR THE YEAR ENDED 31 DECEIA8ER 2023
14. N•t Incomlng r••owc
Th1• li slated •ft•r chwyty..
2023
2022
of tar¥Ji￿e fixe¢l 88Gets:
985.129
29,107
3.SY)2
192.308
933,213
29,107
3.576
263.993
8,199
131,173
Held undorfinarKe19028
bease ￿tI
Durtr¥J IM y•¥. rne•lvod w N￿￿rA￿t￿l￿12022. £3,9WII and no wustse$ r•c•lved ony
b¢n•fft• Inkknd12022.' £fil￿. •r• In *ther p•rfod. NoTw*••$
Dur*• Yew1￿ Irthnity ¢))¥w •ll tt• tru*M• uTrJw lh* du￿•¥
InJ•i•M •t • t￿1 of £3.8￿ (2022.. £2.9091.
IS. Audl¢or•' rnmun•r•don
F••s p•y•t4•10 th• ¢oTryrf• •￿Jkn •nd •s•od•les
2023
2022
nn•Ad•l th• C￿r*￿￿oI
20,850
5.875
19.650
26.526
25,250

MARWELL WILDLIFE
NOTES TO THE FINANCIAL sTATEME￿￿s
FOR THE YEAR ENDED 31 DECEMBER 20fJ
2023
2022
w￿•5 arKI 2•18
Sodal I￿￿[ty Costs
Olhw pen•ion ¢0
4.946,917
388,152
223,299
36.068
4,999,840
419.625
231.999
76.663
5.594.434
6,727.927
The monthty nwnbw cl •rrWryy••s 26312022.. 2781 •Th1 th• •v•rno• montNy Aumb
ot lull Ilm• •qthi•l•nl •ftyk*yW• durkng y•www aB follm..
2023
2022
No,
CMrfl•bl• •¢11￿1¥
Colt of9•r￿lItY4 f4W
118
60
17
18
2023
No.
2022
In th• b•nd £80.001 . £70.C
In tINry bond £70,￿l- £80,(
In tr* b•nd £1 10.001 . £120.0(X*
In the b•nd t120.001 . £130.￿
K•y Trwty•m•nl p¢r8onnd r•cd¥•d arnl b•r*ll• lothllTrJ £285.5ee12022'. £403.052)
pon•knn e0rdrtb￿¢M ￿ É54.997 12022.. £34,664). Ow6r4J th• y••r, tho dwflty r•ctrJnbs•d
•x￿Tra￿UrO lor to • fomw •nwlryrf•• lotslllThi É8,033. (ln 2022, •qulvAl•rt
p•yrn•nt mode to Ic¢nxr •rnF47rn8 £5Sa87}.
.37-

W4RWELL WILDLIFE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
17. Tanglbl• flmed as••ts
Anlm41
Fmhold houses and
land and
bulldlng•
C•pll•l
work In
ogr•ss
Plant and
•quipm•nt
l>uUdings
Total
Group and comp•ny
Co•t
At 1 J8w8ry 2W23
Addl￿onS
Disposal
Tr8n51er cla8t¢s
1.558.151
24.444.744 4.166.395
53.285
219,24S
11.495.178) 1143,9511
944,132
161,793
30,351,083
932,877
1,205,407
117,1341 11,656.2631
1944.1321
Al 31 De¢8n*er 2023
1.558,151
23.946.963
4.241.689
153.404
29.￿0.227
D•pr•Gl•tlon
Al 1 J8nu8ry 2023
Chawge lor the ye
Depre¢￿￿0￿ on dlsrwals
73,818
4,394
9.591.471
1.938.102
67S.$45
334,297
11.486.026) 1124.8151
11.603.391
1.014.236
11,610,941
Ai 31 Dxembw 2023
78.212
8.7PAI.990
?,147￿84
11.(￿8,786
N•t book v•lu•
At 31 Deeomber 2W23
1.479,939
15.165.993
2.094.105
153,404
18.893,441
At 31 Deeerfknw 2022
1.484.333
14.853,273
2,228,293
181,793 18.747.692
riry cwrent y•ar £17,134 of wlal in pmgra88 was vrrillen off.
The nel cwryir*J v4u• ol I￿gIble fixed asselg for toth the grwp and the cornpany Ind￿leS Ihe
followry in r8spe¢l of assels hdd urthr leases or hlre purchase eonlrncl¥.
2023
2022
211,006
18. Anlm•l collKtlgn
Anlm•l
colleGtlon
Gr¢yJp •nd Comp•ny
V•lu•flon
Ai 1 JaThJ8ry 2023 and 31 0*￿*¢r 2023

MARWELL WLDLIFE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
19.
Intanglbltr flx•d A•¥•ts
IT $y$tems
8nd ¥oftwar•
Total
Group and ¢omp•ny
Cost
Al l January 2023
AddilK)ns
Disposals
134.223
134.223
72,392
At 31 De¢omber 2Wd3
61.831
61.831
AmortlAatlo
Al 1 January 2023
Chwge lor the y•af
th'spo8aLry
115.271
3.902
72,392
115,271
3,902
72.392
At 31 Decerthr 2023
46,781
A6,781
N•t book v*lu•
Ai 31 DKeTrknr2023
15.050
15.OSO
At 31 Dec•mb8r 2022
18.952
18.952
ComL•n
2023
2022
Sharns in ￿￿ertak￿9
100.0￿ 1CQ,000
100,000 100,OCQ
The cornpany rr•ms 100% of th kT5ued shwB c•plto1 ol Sww¢o$ LiWAtgd Icompony nurnb8r
0￿05821, a cL)nWAy IncOrp(Wat￿ th Englgnd and Wale8 whic1* cani88 on Ihe bu61[￿sS ol relall
shop5 and 8ncillary setwices. The wIs¢e￿d Ofvo for MOM￿1 Serwfjc•s Lkn11￿ ts Cohjon C(wnmofi,
WincheJler, HaMPS￿r&. S021 1JH.
Th8 in￿stment, whlch ¢on5isis of 1(X).(KIO ordlnary sh8fes of£1 each, Is $hrhvn ai cost In the opinlon
of Ihe Twslees. the aggregate va￿e ol Ihe 5hare$ in and amounts owng from the compDny'
subsidiary is rnl less Ihan of ts amthjils al Ih05è asBets arn 8laied in Ihe
rnp8ny'$ balarK8 sheet.
-39-

MARWELL WILDLIFE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
21.
StoEk*
Com
2023
2022
2023
2022
97,eos
12.750
c0n8urnbi￿ *ock
15.fJ7
4.852
5.370
112,599
110.365
5.378
Com
2023
202$
2022
Trnd• d*Aty¥
knwnl8 by gn)up
Olhw ¢l•b
151.074
74.132
143,420
1,085,cx)e
1.954
520,693
83,474
3,658.792
2.115
602,911
2.715
520,693 011.946
673.721
e86.793
1.731,073
4.227,892
Cf•dltor•: Amounty hlllTr4 on• y•v
C•m
2022
2023
2022
Bank
Trnde Cf•dl#Y8
oblig￿r￿ undw fin￿￿ l•a
241,074
323.428
231,778
383.818
241.074
217.167
38,085
186.085
43.639
915.693
231.778
258,562
38.085
169.770
166.066
43.887
907.903
189,770
101,175
797,118
746.471
1.810.440
1.721.544
1.021.723
1,542,849

RWELL WILDLIFE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OECEMBER 2023
24.
Cr•dltorn.' Amounts f•lllng du• •fter on• y•¥
Grou
•nd Com
20Z3
2022
B￿￿103n$
Obligalions under finance *a
3,527.155
6,347
3,770,094
44.433
3,533.502
3,814,527
The nel oUigaiion3 under fin￿(4 leas•s hir• purcha80 ccffllr•¢ts wa 80cur•d •9oin$l the 885919
lo whicb they relalè.
Lo•n•
2023
2022
8￿￿ loan
3 768.229
4.001 872
Payable wrthin one yoor
Payatle beb%*en to fN• y8ars ty rfthlmenls
P8yaNe In Ihan 5 y•ars by instslw
241,074
1.053,163
2,473.992
231,778
1,011.867
2,758.227
Thg bank loan 1$ 8 15-y•ar 108n repayatrAè by Ir*418lrY*nls frryn 2021 10 2036 and is secured ty
l•gal charges ov•r freehold property by Ihe company and 8 detenbJre tr4er the comp8ry'8
ASS8ts. Inleresi on thè h)an at o fix8d of 3.4￿ per omum.
Fln•nc• abl5g•tlt)n•
Th8 9roup had luture nMThmum duo under fngrtè
leas81.'
2023
' 2022
Within one ye
In fv• yeorn
43.130
7,263
43.130
50,393
50.393
93,623
Les$ lutwo finane• tharges
15.9611
111.0061
44,432
82,517
Finance lea89 payM￿ts repre$8nl renlals ￿Y8t49 by Ihe company ¢&rtain ii¢m$ of plant 8nd
Machi￿ry. Lea88s indude pwchase ￿tiOnS at the •nd of th8 lèase perK)d and no reslriclions are
placetlonthe use olthe assets. The avernge lease lemi is 5 yèars. Al beases8re on8 fixed T9payt￿t
basis and no arw•m6nts have b8en erlered inlo for c(mllngani rental payments.
41

ARWELL VIILDLIFE
NOTES TO THE FINANCIAL STATEMEP￿s
FOR THE YEAR ENDED 310ECEM8ER 2023
acom
2023
2023
S74,628
646.782
1574.6261
68S.048
S74.826
{585.048}
Rttourem dofgrrtd tl* y
Amourts rd•a3ed Irom prevbus y
618,702
674,626
Tho knccrtm del¢Frnd abo¥* r•lth8 to monknr•hlp •dmlMIM¥ b) Iha pwk.
TM def•nal on th* pgth rnmwnlr¥J ff•tYthr•hip •t Iho yew and.
-42.

tTJthN
¢y
8%
r£ oOIiiw¥

Iliil Ill,
b)
151111,

oco
2f*l
ji-

MARWELL WILDLIFE
NOTES TO THE FINANCIAL STATEUENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
32.
Roconclll•U4)rt of n•t rno¥*m•nt In funds to n•t c••h Ilow Irom op8rntlng acttvltl•$
2023
2022
Deficii for Ihe yèar188 per Ststwneni ol Fjnancial
Adlustm•nt for-
DeprecFalM)n & am(￿lSa1￿
Ini¢fys¢ received
lnIe￿St P81d
(Gain51 I losse8 on the s*¢ olfixed 85501$
11nu8asoydeuga5• in sloc*s
Ilnue&seydeueas8 in deblry
In¢rèasellderxea581 in Crndilo
1841.2541
1442,9211
1,018,138
184,3271
139.824
26,699
12.2441
15.072
79.600
965.896
112.7071
146.991
131,173
129,6281
1404,6381
171.207
N•1 cmh provld•d by 0porn￿n¥ ￿lMtIa•
351.508
52S,375
33.
An•lysl¥ ol ¢a•h •nd ¢••h •q¥l¥•l•nlS
2023
2022
Cash In h8nd
3.907,442
5,089,844
Tolal
3.907.442
5.069,844
Anuty¥l• ol ¢h•n9•• In n•t ¢a¥h
1 Janu•ry
2023
C••h flows
31 D•¢•mb•r
2023
Cash In h#r•J
Obll9allon8 undor Its)ar￿ bè*M$
Borrowwrtjs overdrafts
5.069.644
182,5181
{4.(K11.8721
11,162.4021
38.086
233,643
3.907,442
144.4321
13,768.2291
985.454
1890,6731
94,781
35.
P•n*lon ¢ommltm•nts
The part￿Apa[¢S In Ihe MaTh¥ell Wikdlrfe GroL4) Person81 Pensbn Plan ryT8teO by Awva The
P8n51on ¢osl charge rewesenls crffitiibubons pty¥b* by Iho 9mp io ¢h• fund amounièd 10
£223.29912022.. E231,9991. Conlribubons tol811ing £33,680120r2.. £42.164lwero payable to Ihe luNa
8t the bol¥nc• 8heet date ar¥J art In ￿￿&torS.
-47-

KIARWELL WLDLIFE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENOEO 31 DECEMBER 2023
Op•r•Ung l•w ¢omnthMnts
Qroup Company
X123
2022
Wtthln l yw8
87.805
82,827
104.S03 176.449
5.917
Inovwsye
192.308 283.993
T￿ •xpew In to (47N￿r9 leawi kn th• y•¥w# £86,07412022". £82,827).
37. ¢*1•1 ¢•mmltm•rf¥
C•￿thI ¢¢Anmibn•rts ￿ y•w 2023 £rf12022: £29J.4571.