SHALDON WILDUFE TRUST UMITED Report of the Trustees and Unaudited Financial Statements for tho year ended 31st December 2022
Shaldort WÉldltfe Trust Limited COntts of the Accounts A5 at 31st DeCemr 2022 C<>ntents Pa9e Legal and Adminlstrative Infumation Report of the Trustee5 213 Independent Ex6rntner'5 Report Statement of F*nancial Activities 8alance Sheet Notes to the Accounts 7111
Shaldon Wli dlrfe Trust Limited Lèyal & AdministTative Intornlatlon Constitution Shaldon Wildlife Trust Limited is a clympany limrted by guat7rÈtee and a registered cunpany governed by its memorandum and Art>cles of A$SlatiOn. tharity number.. 291232 Cornpany number.. 1887344 Dlrectors and trustees The directors of the charitable company {Ihe chartty"} are its trustees for the purwse of charity law and throughout this report are referred to as the tTUStee5. A5 set out in the ArtleS of Assoc48tion the number of trustees shall be no les5 than three or no mLYe than eNJht. There ts no liMt to the number of years that any one trustee may serve. The tDJstee5 serving during the year We as folhms: Joseph Davld McNulty Tracey Belinda M¢y)re Stewart Wllllam Mulr Penelope Kirsten Hundey Pullen Clare Vittoria Wright Jullet Catherlne Matthews Chalrnian Stewart Muir Secretary Tracey Belinda Moore Exewtl¥e Director Zak Showell Reglstered Office Shaldon Zco, DrivÈ. Shaldon, Teignmouth. TQ14 OHP Accountants Accountit)g & Gener31, 16 Stoke Gabriel Road, Galrnrt, Brixham, TQ5 8HS Bankers National Westminster Bank f¥c. 49 Cwrtenay Street, Newton Abtt. TQ12 2EE Solicitorn Kltsons. Minerva House, orcha Wayi Ed9inswell Park, Torquay. TQ2 7FA
Shaldon Wildllfe Trust Llmited Rep•rt of the Trustees For the year ended 31st December 2022 The twstees are pleased to present their report tc>Jether with the finanoal ststements of the tharity for the year ended 31st December 2022 which is a150 prepared to mt the rE4uirements fvr a dirertor'5 report and accounts for Companies Act purpy)ses. Legal and administrative infom)ation ss set out on page l of this K)rt. The finanoal ststements have been prepared Tn accordan with the Strtement OF Recommended Pracbce.. Accounting and Reporting by Chsriti preparing their accounts ir¢ accordance wrf(h the Finanoal Reporting Standard applicable in the United Kingdom and ReputAic of Iland IFRS 1021. the Companies Att 2006. and the chae5 Att 2011. Objects and a¢hlevements ot the tharlty The objects of the charity are to promote for the benefit of the public the preservation and conservatlon of rare and endangered species of anirna15 together wrf(h plants and trees. The charity also aims to advance the education of the public about such endangered Species and to cot)durt re5earth through the world. publishing results and findings. These aims a achieved by.. the sustained breedng of tso and endangeod species.. raising awareness through community education to the WKle5t P055ible audien. Instlgating and facilitating approproète research to improve the welfare of Ouf animals: supporting and encouragi¥ the conservation of speaes with¢n their natural habitats,. maintalning a zcx) for the beneflt of the general public. We consider believe our rVI provide a public benefrt ac£orL1ing to the guidance given by the Charity Commtssion and wlll keep thls consideration when planning fvture developments. Organlsatlon A board of trusrees of up to evJht maThtrRrs vlho meet quarterfy. administer the charity. Potential trustees a nominata and seconded by existing members of the tM)ard and then elected on a majority ba5t5. An executive dirertor is appointed by the trustees to manage the daily operdtions of ihe d)arity. Investment Powers Under the Memorandum & Art[($ ot Association. the chanty has the p)wers to make any investment that the trustees see fit. Related Parties There are no related parties. Re¥f¢w of the actlvities and future developments 2022 was the first bme in 2 yeats that nts governmental resthrtions related to the coronavirus Pandem were implemented meaning the zoo was able to be open throughout the entire year. Whilst visitor nutllber5 didn't exceed the incredibly busy peri($ in 2021. they were significandy hwJher than the numbers we'd experienced pre- paftdemi¢. With the pandemic behind us the focus was on maximisin9 vsitor-based income 05 we would not be benefiting from as many government grants like we did in 2020 2021. With the $trIon5 around gatherings and events fulty lifted in 2022 we were able to vndettske our annual Halloween and Gmtto events as well as doing additional events such as a ChriStn5 Shopping trip and a Coffee for Conservation evening event with one of our conservation partner5, Utue FIrefa Projett. Sale5 for the events went very well apart from rho Grotto event which rf0m)ed weaker than it had histortcally. We have increased our events portfolKJ for 2023 induding more offsite events than we have previously done. This 15 to expand our £Oll5ervation education impart. continue to raise our pn)file wtthir the Ic4 visitor market and as a way or divet5ifvinq income. The year also saw several staff changes at Shaldon Wildlife Trnst. wTrth Carty Murray the head keeper dectding to not retum to her role as beinq cffi materntty leave. Sutwiuent recruitment has occutTed to fill the role. Due to the surplus geaerated in 2021 we We ab to conynit to 3 capttal expenditu projects in 2022; a new pied tamirin enclosure. a new Goeldi's monkey endosure. and the replacement of the rneeat vievling wall. All of these were necessttated by the previous buildings coming to the en%J of their lifespan. ThesÈ new developments have been met well by the vi&tors and hève improved antmal welfare on gte. The 4th quarter of 2022 dld see the start of the UKS cott of Ilwng crfsis whlch Is SOrr¥hat refierted In our vLsltor incotpe with November and December which r*rfOMd less well than the rest of the year. This cr1sis WIII absolutely impact the ry)tential for increased visitor fi9ures and the c05t of opernting the zoo In 2023. As 5ch a conservative budget has been proposed considering an increase in ticket prices and redUCtn in expenditure in reas where t can be redu wtthout c(mpnsing anlmal welPdre or visithr satisfartlon. I would like to thank Zak atKJ our stsff artij ¥olunteer5 for their hard v40rk and detsioEion to the trust during difficult times. Continued on Poge 3 >
Sh#ldon Wildlife Tt Limited Report of the Trustee5 For the year ended 31st December 2022 Resentes Pollcy and Risk Management 2022 was the thiTd conse£utive financ1 year where the charity sU5tsined a surplus. In line with cost of living Increases ticket and experierKe priang are I"n9 reviewwj with cost reductyor6 sought wherever possible and reasonable. Flnndal Revlew The charity achieved a surplus of £4,003 for the year12021 E87.973} on the Unrestr1rt fvnd. The unrestricted reserves at the end of the year were £406.28712021 £402,284). Trusto•$' rn$ponsfbllltles In relatlon to the fiTran ststemenls The Charity trustees a responsible for preparing a trustee5' annuol rerx)rt and financial 5tstements in acctsrdan I¥h applioble law and the United Kingdom Accwntyng Standards (United Kingdom Generally Accepted Accounting PrattKe). Select suitable accounting polioes and then apply them consisteAUy.' Observe the methcxls and principles in the 0treS SORP: Make jk*dgements and estimates that a reaxinable and prudent. State whether aptCale UK accounting standards have teen followed, subject to any material departures disclosed and explained in the financlal statements. PPare the Iinancial ststements on a going ci)ncem tsas. unte5S it 15 inappropriate to presume that the charity will continue sn business. The trwstees ère rEspsIble for keen9 proper accountin9 rrdS that with reasonable accuracy at any time the financial position OF the chartiy and enable them to ensure that the financsal statements comply with the Companses Act 2006. They a also p)nsIble for SafJUardlTrg the assets of the charity and heno tsking reason3ble steps for the VentIOn and detection of fraud and other irregulariknes. The tThee5 a NIn1$ble for the maIntenae ant1 integrity of the corwrate and financial information indude£J on the chaThtable company's website. Legislation in the United Kingdom governlng the prepafation and dissemination of financial statements may dsffer from legislation in other }urisdicrions. The company has taken advantdge of the spe(ial pwsiors of settw)n 386 of the C(mpanies Act 2006 rtlating to exemption for audit for small cpanies. By order of S Muir Dlrector and TTUStee
Irsdependent Examiners Report To The Trustees OF Shaldon Wlljife Trnst Umlted I report to the Charty Trustees ¢)n my examination of the Kcounts of the company for the year ended 31st December 2022 vihich a set oui on pages 5 to 11. Responslbllltles and basls of refvrt As the Charity's truste&s of the company {and also as dirertors for the purpose of c(Mmpany lawl you are respOnsie for the preparation of the aco)urts in accordance with the requirements of the Ctympanies Att 2006. Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Att and a eligible for Independent examination. I [m)rt in pert of my examination of your charity's accounts as carried out under section 145 of the Charities Art 2011. In carwng tsut my examination I have follov•ed the dion5 given by the Chaiity CommissiorÉ under section 145{5){b} of tthe 2011 Act. Independent Examine¢5 Report I have completed my examination and E coftfim) that matteF5 have c¥Jme to ffly attention in connettion with the examination givirvj me cause to believe= i. Accounting e0rd$ We ty)t kept in respKt of the company as required by sectioTr 386 of the 2006 Art.. or 2. The accounts do not accord with thosÈ accounting records- or 3. The accounts do not comply wsth the accounting requirement of section 396 of the 2006 Act, other th6n any requiretnent th6t the accoullts give a 'tnJe aDIJ fairf view whKh is not a matter considered as part of an indepentjent exaMInatn,. or 4. The accounts have not pparett ift accordance with the meth(xJs and principles of the ststement of Recommended Pracbce for acUnting and reporting ty charities {applcable to charities preparing thr accounts in accordan wth the Financial RerKJrtlng Standard. applicablè in the UK d Republic of Ireland {FRS 102)). I have no coneerns ant1 have c(ne across no other matters in ctsnnettion with the examination to which atteF>tion should drawn in this repcmt in order to enablÈ a proper nderStandIng of the accounts to be reached. th_ l• 22nd May 2023 Alan Knight FCCA Accountlng and General Ltd Chartered Certified Accountants 16 Stoke Gabriel Road Galmpton TQ5 ONQ
Shaldon Wildltfe Trust Umlted state1t of Finantial Acbvities For The Year Ended 3tst Decemkr 2022 2022 Totsl Funds 2021 Totsl Funds Funds Funds Ineome and Endowments From: Gate Receipts Fund Raising Trad¥TrJ (Shopl Fundraising Events Donations Legacie5 ProfessioTral Servi Rent Receive(t Interest Received DEFRA Support Grants Coronavirus Grants Coronavirus Job Retefttbn scheff Receipts 182.917 42.095 5.293 44,393 6.141 1.200 18¥91Y 41095 5.293 44,393 6.141 1,200 4.500 305 193,439 39,876 2,718 75,736 29,480 4,500 305 116,779 18,732 5,896 667 2,667 Total 289.511 289 Sll 487.156 Expertdlture OM: RaLsing Fund5 charitab Artivitie5 Adverttsing & Promoti( Management & Adrnifiistration Interest PayablÈ 22,859 2414,379 6,864 10,497 22.859 244.379 6.864 10.497 909 19.451 361,460 4.574 13,129 569 Total 285.508 285.508 399.183 Net In£omelExpethdlture For The YeaTINet Movements In Funds 4.003 4.003 87.973 Fund s318n as at 1st January 2022 314 311 Fund Balan as at 31st Decemter 2022 406,287 406,287 402.284 Total Recog•lsed Gains #nd Losses The comp3ny has no 9aiR5 or knsse5 Other that the profft or h)ss for the finan(ial years as stated above.
Shaldon Wildlife Trust Lim•ted Balance Sheet As at 31st Debe 2022 Z022 2021 t4ote FIXED ASSErs Tanglble FSxed Assets io 224.728 209,190 CURRENT A55ETS Debtors & Prepaytnents Cash at Bank Cèsh in Hand Stock Yotal Current Assets li 61,169 145,7S3 250 14,339 221.511 66,231 165.291 500 8,165 240.187 Creditors: Amourts falling du• within I ye4r 12 17.404 NET CURRENT ASSEfs (LBILrI1ESj 204.107 233.072 Creditors: Amoufvts f•llltt• dtse after I year 13 22.548 39,978 406,287 402.284 CHAIIITYS. FLINDS Unrestricted Fwnds: General Fund Capital Fund 14 181.559 224,728 406,287 193,094 209,190 14 402,284 TOTAL CHARITY FUNDS 402 284 For the financial year ended 31st DeMr 2022 the company was entitled to exemption from audit under SeLton 477 of the Companies Art 2006,. no Thotice has been dep(sited U[er sethon 476 Bl21. The director5 acknowledge their re5ponSLbilitie5 for ensuring that the CDrnpany keeps accounting record5 which comply with settK)n 386 of the Act and in preparing accounts whtch give a tNte and fair view of the state of affair5 of the c(KnpaAy at the foncial year end. These a in acc(>rdance with the requioments of sections 393 and 394 and Com¥ with the requirements of the companies Act 2006 $0 far as is applscable to the company. The actounts have been par[ IA accordance WFth the provisions of Companies Att 2006 applicable to companies subjett tt> the small companies, wime and COFFStFtvre the annual accounts required by the cMnIeS Art 2006 and are for curculation to members of the company. These accounts wefe approved by the board of directors c and wete signed on irs beha by.. SHUIR.
Sh•ldon Iyildlife Trust Limited Notes to the Accounts 31st DecembeT 2022 Accounting Policies {a) B•$ of A¢¢•unting The finanoal statements have teen prepare(J Unc the hI#0Cal crtst conventlon with Itwns recongni%e<J at cost or transaction value %Jnless otherwise stated in the relevant notes to these accounts. The financial 5tatervents have bn prepare(l in 6ccordanTr wFth the StatemÈnt of Recommended Practice.. Accounting and Reportlng By Charities preparing their accounts in accordantr with the Financial Reporting Star*dard applicable sn the United Kingdom ond Republic of Ireland (FRS 102), the (tharities Act 2011 and the Cotnpanies Act 20. Shakjon Wildlrfe Tfust meets the definitity) OF a puNic trRnefit Charity under FRS 102. (b) Depreclation Deprlation has beeft pmvhled to write off the c05t of the fixed assets tsv¥ their antitipated usefvl life at the following rates.. Pfoperty impFovgnenrs: Equipment= Vehldes.. Over Pert(KJ of Lease 30 Year5 20% of Reducing Bakqn 25% of Reijuong Balan {c) In¢omtny ReurceS (i) Legaties Entiuement Is iaken as the eadr of.. The date on which the charity is aware that probate has been grdllted.. The estate ha5 been finali5ed and notth(ation has been made by the executor{s) to the Trust that a distribution will bE made., or When a distributKin received fro¥n the e5tste. ReIpt of a legacy, in whole or In part. Is onty const(Jered probable when the amount can be measured relrdbly and the charity has been notif of the executors, int0 to make a distributiors. Where legacies have been notified to the chanty. Of the charity is aware tsf the granting of probate. and the criteria for income rectsjnitton have not been rt then the Wcy is twted as a contingent asset and disclosed if material. Income reFived in advan of a theatrical pthrnlan or provisfjon of other specified Servi Is deferred nyl the crlteria for Iorne rewgniib)n are met. {11) Irterest is induded when receival by the Charity. (d) Resources Expended Resources expend&Y are induded in the Statement of Financlal Artivities on an at¢rual basis. (e) Fund Accountiny Funds Held by the Charity are either- (l) Unrestricted GeneTrl Funds These a funds whKh can be used in acto[dan w6th the charitsble objects at the dlsiretlon of the Trusrees. (11) Restricted Futtds These are fund5 that can onfy be tjsed for particular restriLted purwses wrthin the objects of the Charity. Restrittlc arise when stxified by the donor or when funds are raisa for particular purp05e5.
Shaldon Wildlsfe Trust L¥nTited 14otes to the Accounts {Cont'd} 3tst 0e¢ember 2022 (f) Financial Instrum•nts The Charity holds the following finandal Irtruments: • Short term trade and other debtN51creditors Cash and bank baL4nces All financial instruments a clasFfied as basi£. The Charity has chosen to apply the reCnItion aTrd wneasurement principles in FRS 102. FIna[la1 instruments a recognised when the chaiity becomes party to the contrnrtual provisions of the instrument and derecognised when in the case of assets. the contractual rights to cash flows from the assets expire or gjbstantsally all risk and rewards of ownership are tran4e¥red to arother patty, or in the case of liabiltiies. when the charity's obligèticAis are discharged, exptre or are cancelled. 6asic financial assets c(xnprise short term trade and other debtors and cash bank tsalan$. Bastc financial l*abilitie5 Cotnprise short tem trade and other creditors and bank loans. Such instruments a InallY measu1 at tronsaction pri. irKluding transaction costs, and are subseouently carried at the unddis(x)unted afflount of the Cash or other consideration expected to be pald or received. after taking account of wllpairment odjustments. (g) Pension Costs The company operate5 a defined ctsntribvtions scheme for the tenefit of Its empbyees. Contributions payable are rtrognised in the Statement OF Source AppIation of Funds when due. The cost this year was £1.461 {2021 £1,420). Legal Statu$ Of the Trust The Trust is a cwpany limited by gu3rdntee and has no share capttal. In the event of the charity being V40und up, the liability in respect of the guarantee is limited to £2 per member of the £harity- Cost of Fund Raising 2022 Tirttyl Funds 2021 T•tal Funds Fund5 Funds Fundraising Tradirg {Shop} Fundralslng EveTrts 21,913 946 21859 21.913 946 21859 19,309 142 19.451
Shaldon Wlldllfe Trust Lmited 14otes to the Accounts (C(rt'd) 31st Derember 2022 Analysis of EXpdItUre on Charitable Aclivitres 2022 Total Ftsnd$ 2021 Total Funds Funds Fd$ Animal Feedstufts Animal Transfer5 Veterinary Fees Wages National Insuran Stsff Pension Flent Rates ght & heat Itssuran Repairs. Renewal & Maintenam Sutscriptions Conference ExnSeS Motor & Travelling Telèphone & Internet Posta9ei Carriage & Fknt Sundry Expenses Tesco Commission Refuse Collettion Cleaning Matertal Depreciation Legal & Profassional Fees Training LA Situ Conswwation 16092 1,223 12.031 98,982 1.461 14.471 1252 14,915 5.878 9.104 1,745 1418 219 16.892 1.223 12,031 98.982 1,461 14.471 252 14,915 5,878 9,104 1.745 418 2.219 1,648 377 1.126 8.325 6,055 1693 26,748 7,674 li 17,607 563 10.320 78,290 1,420 14.024 3.784 18,058 4.618 160,797 3,540 860 1,898 1,265 521 857 11.158 5.315 3,428 20,132 165 263 377 1.126 8,315 6,055 2.693 26.748 7.674 li 361 460 Analysi$ of Exp¥Ire on Ilanagemerrt & Admlnlstraifj(bn 2022 Total Funds 2021 Totsl Funds Funts Funds Stationery and Cofflputer Supp( Bank and Card Merchant Chaiges Accountancy Fees 924 6.426 3.147 10.497 924 6.426 1,147 9,388 2,594 13,129 10.497 Th• surplus 1$ ulculated after char91th9: 2022 2021 Depwiatitin Operdting Lease Renta Staff Costs 26.748 14,471 100.443 20,132 14..024 79,710 2022 2021 Wages & Salarfe5 SocÈal Security Costs other Peasion Costs 97,376 1.606 76,732 1,558 100 443 The average number (* em0Y durtng the year 15 anaw as folkjvis: 2012 2021 KerS & Admini5tratior¢ Dire¢Lors 13 13
Shaldort Wlldllfe Trust Urnlted Notes to the Accourrts (Cont'd) 31st December Z022 Trustees. Remuneration None of the directors received any rernvnerat. exFthses or bents in kind during the year12021 £nill. There were related party transactK)ns during the year. Interest Payable & Similar Char9es 2022 2021 Bank Interest io. Tangibl• Fix•d Assets Leasehold Propetty & Improvements Equlpment Vehlde Anlmals fotai Cost At 01.01.22 Additions At 31.L2.22 375,081 41286 417.367 28.793 15.277 422.711 42.286 464.997 28.793 3.560 15.277 Depredatlon At 01.01.22 Charye in Year At 31.12.22 213.521 26.155 474 119 240,269 Net Book Value At 01.01.22 At 31.12.22 476 357 ii. Debtors 2022 2021 Other Debtors Gift Aid Debtor Prepayments Taxes & Social Security 1,210 57.042 1917 1,573 61,597 2,442 619 12. Crndltors: Amounts falllng due wh1n one year. 2022 2021 Trade Creditors Taxes & Social Securlty Other Cl¢or$ Accruals Bounceback Loan 3.235 2.838 353 2.223. 2,408 578 4,129 13. Cr¢dltops: knunts fallln9 due after one year. 2022 2021 Bounceback Loan 13,793 39.978 14. Unrestricted Funds At Qi.01.22 Transfer Incoming Outgoing O•twe•n Resour¢es ReUre*S 2022 Tgtsl Gener31 Fund Capltsl Fund 193.094 209,190 (15,538) 289.511 285.508 181.559 224 728 406 287 289 511 The Capital Fund, represents the iKw)k value of Tangible Fed Assets. and is therefore not available for general expendlture io
Shaldon Wildlife Trust Ltmtted Notes to the Accounts (Cont'd} 31st l)ecember 2022 15 Analysis of Net Assets Betwew FWK 2022 Totsl 2021 Totsl Fund General Fund Fund Tangible Fixed Assets Cash at Bank & En Hand Other Net Current Assets 224.728 224,728 146,003 58,104 428,835 209,190 165,791 67,281 442.262 146,003 58,104 204.107 224.728 16 Operating Lease Commitments The Charity had outstaFtding cOmmts minlmum lease payrnents under nOn-(anlIable Operang leases whlch fall due as follows.. 2022 2021 Within One Year Within 2-5 Yea After 5 Year 13.800 20,000 13.800 20.000 70,000 103 800 The Charity was gran a new 30 year lease for the Zoo and a new 10 year lease for the Studio during 2010. The lease on the Zoo has 5 year rent reviews, and the StudKTr 3 year rent reviews. The 2020 ntaI negotiatior* for the Studio is currendy still ongoing due to signfficant delays on behaW of Tgnbi7dge Distritt Councll. 17 Rent Negotlatlon$ Negotiatiolls are ongoing with Tetgnbridge District Council warding the rentsl amount of the studio which curreftriy stsnds at 18.81x1 PA. It is Possible that Shahjon Wildlife Trust may have to settle the difference of prior months. however the requirement to thj 9) and the arnount cannot be estimated accurately at the time of these accounts being published. 18 Donated Services The Trust benefits grEatty from the involvement and enthusLJastiC 9JPPOrt of its many volunteers. In accordan with the Charity SORP, tr On(thI¢ o)ntfibub"on of gerwal voluntews Is not measureij in the accounts. 20 FSth•rt¢i•l Commlbnents 2022 Saw the Compti¢ of three catal expenditure projects.. a new tamarin endosuE,' a new Goeldi's monkey endosure.. the replaetst of the meerkat vlewlng wall. No other finanoal ccxnmibments or project5 were committed to in 2022. li