2022-10-31-accounts - South West Environmental Parks Limited

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	`Page`
`ReferenceandAdministrativeDetailsoftheCompany,itsTrusteesandAdvisers`
`Trustees'Report`
`Trustees’ResponsibilitiesStatement`	`10`
`IndependentAuditors'ReportontheFinancialStatements`	`11-14`
`StatementofFinancialActivities`	`15`
`BalanceSheet`	`16-17`
`StatementofCashFlows`	`18`
`NotestotheFinancialStatements`	`19-39`

`SOUTHWESTENVIRONMENTALPARKSLIMITED`	`SOUTHWESTENVIRONMENTALPARKSLIMITED`	`SOUTHWESTENVIRONMENTALPARKSLIMITED`
`STATEMENTOFFINANCIALACTIVITIES(INCORPORATING`			`INCOMEAND`	`EXPENDITURE`	`ACCOUNT)`
`FORTHEYEARENDED31OCTOBER`	`2022`
		`Unrestricted`	`Restricted`	`Total`	`Total`
		`funds`	`funds`	`funds`	`funds`
		`2022`	`2022`	`2022`	`2021`
	`Note`	`£`	`£`	`£`	`£`
`INCOMEFROM:`
`Donationsandlegacies`	`4`	`193,016`	`767,690`	`960,706`	`$21,356`
`Charitableactivities`	`5`	`7,198,131`	`-`	`7,198,131`	`7,897,109`
`Othertradingactivities`	`6`	`24,329`	`-`	`24,329`	`9,932`
`Investments`	`7`	`978,159`	`.`	`978,159`	`151,027`
`Otherincome`		`36,432`	`-`	`36,432`	`17,200`
`TOTALINCOME`		`8,430,067`	`767,690`	`9,197,757`	`8,596,624`
`EXPENDITUREON:`
`Raisingfunds`	`8`	`11,329`	`-`	`11,329`	`16,318`
`Charitableactivities`	`9`	`9,243,485`	`52,034`	`9,295,519`	`8,023,421`
`TOTALEXPENDITURE`		`9,254,814`	`52,034`	`9,306,848`	`8,039,739`
`NETMOVEMENTINFUNDS`		`(824,747)`	`715,656`	`(109,091)`	`556,885`
`RECONCILIATIONOFFUNDS:`
`Totalfundsbroughtforward`		`6,559,196`	`1,422,367`	`7,981,563`	`7,424,678`
`Netmovementinfunds`		`(824,747)`	`715,656`	`(109,091)`	`556,885`
`TOTALFUNDSCARRIEDFORWARD`		`5,734,449`	`2,138,023`	`7,872,472`	`7,981,563`

	`Note`		`2022` `£`		`2021` `£`
`FIXEDASSETS`
`Intangibleassets`	`14`		`56,064`		`58,029`
`Tangibleassets`	`15`		`4,522,280`		`4,357,084`
`Investments`	`16`		`2`		`2`
			`4,578,346`		`4,415,115`
`CURRENTASSETS`
`Stocks`	`17`	`136,907`		`122,644`
`Debtors`	`18`	`1,254,793`		`466,643`
`Cashatbankandinhand`	`26`	`4,937,875`		`6,433,323`
		`6,329,575`		`7,022,610`
`Creditors:amountsfallingduewithinone` `year`	`19`	`(1,489,995)`		`(1,365,253)`
`NETCURRENTASSETS`			`4,839,580`		`5,657,357`
`TOTALASSETSLESSCURRENT` `LIABILITIES`			`9,417,926`		`10,072,472`
`Creditors:amountsfallingdueaftermore` `thanoneyear`	`20`		`(1,545,454)`		`(2,090,909)`
`TOTALNETASSETS`			`7,872,472`		`7,981,563`

	`2022`	`2021`
`CASHFLOWSFROMOPERATINGACTIVITIES`
`Netcash(usedin)/generatedfromoperatingactivities`	`(1,271,193)`	`1,198,888`
`CASHFLOWSFROMINVESTINGACTIVITIES`
`Interestreceived`	`978,159`	`(1,258)`
`Proceedsfromthesaleoftangiblefixedassets`	`15,663`
`Purchaseofintangibleassets`	`(20,000)`
`Purchaseoftangiblefixedassets`	`(584,523)`	`(168,107)`
`NETCASH(USEDIN)INVESTINGACTIVITIES`	`389,299`	`(169,365)`
`CASHFLOWSFROMFINANCINGACTIVITIES`
`Repaymentsofborrowing`	`(545,455)`	`(363,636)`
`Interestpaid`	`(68,099)`
`NETCASH(USEDIN)/PROVIDEDBYFINANCINGACTIVITIES`	`(613,554)`	`(363,636)`
`CHANGEINCASHANDCASHEQUIVALENTSINTHEYEAR`	`(1,495,448)`	`665,887`
`Cashandcashequivalentsatthebeginningoftheyear`	`6,433,323`	`5,767,436`
`CASHANDCASHEQUIVALENTSATTHEENDOFTHEYEAR`	`4,937,875`	`6,433,323`
`Thenotesonpages19to39farmpartofthesefinancialstatements`

		`Unrestricted`	`Total`	`Total`
		`funds`	`funds`	`funds`
		`2022`	`2022`	`2021`
		`£`	`£`	`.`
	`OperationofPaigntonZoo`	`4,687,468`	`4,687,468`	`5,342,300`
	`OperationofNewquayZoo`	`1,924,272`	`1,924,272`	`2,070,269`
	`Education`	`212,165`	`212,165`	`101,265`
	`Fieldconservationandresearch`	`41,898`	`41,898`	`38,599`
	`ChargestoSouthWestZooEnterprisesLtd`	`332,328`	`332,328`	`344,676`
		`7,198,131`	`7,198,131`	`7,897,109`
				`—`
`6.`	`INCOMEFROMOTHERTRADINGACTIVITIES`
	`Incomefromfundraisingevents`
		`Unrestricted`	`Total`	`Total`
		`funds`	`funds`	`funds`
		`2022`	`2022`	`2021`
		`£`	`£`	`£`
	`Fundraising`	`9,419`	`9,419`	`9,932`
	`Events`	`14,910`	`14,910`	`-`
		`24,329`	`24,329`	`9,932`
`7.`	`INVESTMENTINCOME`
		`Unrestricted`	`Total`	`Total`
		`funds`	`funds`	`funds`
		`2022`	`2022`	`2021`
		`£`	`E`	`£`
	`DistributionfromSouthWestZooEnterprisesLimited`	`972,542`	`972,542`	`149,769`
	`Interestreceivable`	`5,617`	`5,617`	`1,258`
		`978,159`	`978,159`	`151,027`

	`Activities`
	`undertaken`	`Support`	`Total`
	`directly`	`costs`	`funds`
	`2022`	`2022`	`2022`
	`£`	`£`	`£`
`OperationoftheParks`	`4,082,872`	`4,674,663`	`8,757,535`
`Education`	`274,721`		`274,721`
`Conservation`	`263,263`		`263,263`
	`4,620,856`	`4,674,663`	`9,295,519`
	`Activities`
	`undertaken`	`Support`	`Total`
	`directly`	`costs`	`funds`
	`2021`	`2021`	`2024`
	`£`	`£`	`E`
`OperationoftheParks`	`3,331,866`	`4,281,053`	`7,612,919`
`Education`	`111,359`		`111,359`
`Conservation`	`299,143`		`299,143`
	`3,742,368`	`4,281,053`	`8,023,421`
`ANALYSISOFSUPPORTCOSTS`
	`Operation`	`Total`	`Total`
	`oftheParks`	`funds`	`funds`
	`2022`	`2022`	`2021`
	`E`	`£`	`£`
`Staffcosts`	`1,719,536`	`1,719,536`	`1,822,516`
`Establishmentcosts`	`1,004,581`	`1,004,581`	`980,378`
`Administrationcosts`	`513,116`	`513,116`	`342,034`
`Financialcosts`	`441,880`	`441,880`	`259,010`
`Marketing`	`352,733`	`352,733`	`400,459`
`Depreciation`	`411,114`	`411,114`	`437,858`
`Amortisation`	`21,965`	`21,965`	`21,298`
`Governance`	`8,825`	`8,825`	`17,500`
`MaintenanceofLivingCoastssite`	`200,913`	`200,913`
	`4,674,663`	`4,674,663`	`4,281,053`

`SOUTHWESTENVIRONMENTALPARKSLIMITED`	`SOUTHWESTENVIRONMENTALPARKSLIMITED`
`NOTESTOTHEFINANCIALSTATEMENTS`
`FOR`	`THEYEARENDED31OCTOBER2022`
`14.`	`INTANGIBLEASSETS`
		`Computer`
		`software`	`Goodwill`	`Total`
		`£`	`£`	`£`
	`COST`
	`At1 November2021`	`131,697`	`774,875`	`906,572`
	`Additions`	`20,000`	`-`	`20,000`
	`At31October2022`	`151,697`	`774,875`	`926,572`
	`AMORTISATION`
	`At1 November2021`	`73,668`	`774,875`	`848,543`
	`Chargefortheyear`	`21,965`	`-`	`21,965`
	`At 31October2022`	`95,633`	`774,875`	`870,508`
	`NETBOOKVALUE`
	`At31October2022`	`56,064`	`-`	`56,064`
	`At 31October2021`	`58,029`	`-`	`58,029`

`SOUTHWESTENVIRONMENTALPARKSLIMITED`	`SOUTHWESTENVIRONMENTALPARKSLIMITED`	`SOUTHWESTENVIRONMENTALPARKSLIMITED`
`NOTESTOTHEFINANCIALSTATEMENTS`
`FOR`	`THEYEARENDED31OCTOBER2022`
`22,`	`STATEMENTOFFUNDS(CONTINUED)`
	`STATEMENTOFFUNDS- PRIORYEAR`
		`Balanceat`				`Balanceat`
		`1November`			`Transfers`	`31October`
		`2020`	`Income`	`Expenditure`	`in/out`	`2021`
		`£`	`£`	`£`	`£`	`£`
	`UNRESTRICTEDFUNDS`
	`GeneralFunds`	`5,983,539`	`8,496,319`	`(7,911,312)`	`(9,350)`	`6,559,196`
	`RESTRICTEDFUNDS`
	`ERDFRedevelopmentFund`	`781,805`		`(26,059)`	`-`	`755,746`
	`CrocodileSwampFund`	`650,000`	`-`	`-`	`-`	`650,000`
	`SolarPVArrayFund`	`4126`	`-`	`(2,063)`	`-`	`2,063`
	`ForestSchoolsFund`	`324`	`-`	`-`	`-`	`324`
	`BIAZAFund`	`4,884`	`-`	`-`	`9,350`	`14,234`
	`COVIDGrant`	`-`	`100,305`	`(100,305)`	`-`	`-`
		`1,441,139`	`100,305`	`(128,427)`	`9,350`	`1,422,367`
	`TOTALOFFUNDS`	`7,424,678`	`8,596,624`	`(8,039,739)`	`-`	`7,981,563`

`SOUTHWESTENVIRONMENTAL`	`SOUTHWESTENVIRONMENTAL`	`PARKSLIMITED`	`PARKSLIMITED`	`PARKSLIMITED`
`NOTESTOTHEFINANCIALSTATEMENTS`
`FOR`	`THEYEARENDED31OCTOBER2022`
`24.`	`ANALYSISOFNETASSETS`	`BETWEENFUNDS(CONTINUED)`
	`ANALYSISOFNETASSETS`	`BETWEENFUNDS- PRIORYEAR`
						`Unrestricted`		`Restricted`	`Total`
							`funds.`	`funds`	`funds`
							`2021`	`2021`	`2021`
							`£`	`£`	`5`
	`Tangiblefixedassets`						`3,599,275`	`757,809`	`4,357,084`
	`Intangiblefixedassets`						`58,029`	`-`	`58,029`
	`Fixedassetinvestments`						`2`	`-`	`2`
	`Currentassets`						`6,358,052`	`664,558`	`7,022,610`
	`Creditors duewithinoneyear`					`(1,365,253)`		`-`	`(1,365,253)`
	`Creditors dueinmorethanoneyear`					`(2,090,909)`		`-`	`(2,090,909)`
	`TOTAL`						`6,559,196`	`1,422,367`	`7,981,563`
	`RECONCILIATIONOFNETMOVEMENTINFUNDSTONET`					`CASHFLOW`		`FROMOPERATING`
`25,`	`ACTIVITIES`
								`2022`	`2021`
	`Net` `income/expenditure` `for`	`the`	`year`	`(as`	`per` `Statement`	`of`	`Financial`
	`Activities)`							`(109,091)`	`556,885`
	`ADJUSTMENTSFOR:`
	`Depreciationcharges`							`411,114`	`437,864`
	`Amortisationcharges`							`21,965`	`21,298`
	`Interestreceivable`							`(978,159)`	`1,258`
	`(Increase)instocks`							`(14,263)`	`(4,215)`
	`Decrease/(increase)indebtors`							`(788,150)`	`281,450`
	`(Decrease)increditors`							`117,292`	`(95,652)`
	`Interestpayable`							`68,099`	`‘`
	`NETCASHPROVIDEDBY/(USED`		`IN)OPERATINGACTIVITIES`					`(1,271,193)`	`1,198,888`
`26.`	`ANALYSISOFCASHANDCASHEQUIVALENTS`
								`2022`	`2021`
								`£`	`£`
	`Cashinhand`							`4,937,875`	`6,433,323`