2023-10-31-accounts

SOUTH WESTENVIRONMENTALPARKSLIMITED	SOUTH WESTENVIRONMENTALPARKSLIMITED	SOUTH WESTENVIRONMENTALPARKSLIMITED
STATEMENTOFFINANCIALACTIVITIES(INCORPORATING			INCOMEAND	EXPENDITURE	ACCOUNT)
FORTHEYEARENDED31OCTOBER	2023
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
		2023	2023	2023	2022
	Note	£	£	£	£
INCOMEFROM:
Donationsandlegacies	4	160,657	54,459	215,116	960,706
Charitableactivities	5	7,392,637	-	7,392,637	7,198,131
Othertradingactivities	6	111,025	-	411,025	24,329
Investments	7	§24,341	-	524,341	978,159
Otherincome		16,687	-	16,687	36,432
TOTALINCOME		8,205,347	54,459	8,259,806	9,197,757
EXPENDITUREON:
Raisingfunds	8	50	-	50	11,329
Charitableactivities	9	10,846,137	50,222	10,896,359	9,295,519
TOTALEXPENDITURE		10,846,187	§0,222	10,896,409	9,306,848
NETMOVEMENTINFUNDS		(2,640,840)	4,237	(2,636,603)	(109,091)
RECONCILIATIONOFFUNDS:
Totalfundsbroughtforward		5,734,449	2,138,023	7,872,472	7,981,563
Netmovementinfunds		(2,640,840)	4,237	(2,636,603)	(109,091)
TOTALFUNDSCARRIEDFORWARD.	22	3,093,609	2,142,260	5,235,869	7,872,472

	Note		2023 £		2022
FIXEDASSETS
Intangibleassets	14		43,584		56,064
Tangibleassets	15		4,981,555		4,522,280
Investments	16		2		2
			5,025,144		4,578,346
CURRENTASSETS
Stocks	7	82,564		136,907
Debtors	18	888,407		1,254,793
Cashatbankandinhand	26	2,162,813		4,937,875
		3,133,781		6,329,575
Creditors:amountsfallingduewithinone year	19	(1,923,054)		(1,489,995)
NETCURRENTASSETS			4,210,727		4,839,580
TOTALASSETSLESSCURRENT LIABILITIES			6,235,868		9,417,926
Creditors;amountsfallingdueaftermore thanoneyear	20		(999,999)		(1,545,454)
TOTALNETASSETS			5,235,869		7,872,472

	Note	2023 £	2022 £
CASHFLOWSFROMOPERATINGACTIVITIES
Netcash(usedin}/generatedfromoperatingactivities	25	(1,693,077)	(1,271,193)
CASHFLOWSFROMINVESTINGACTIVITIES
Interestreceived		524,344	978,159
Proceedsfromthesaleoftangiblefixedassets		8,534	15,663
Purchaseofintangibleassets		(5,754)	(20,000)
Purchaseoftangiblefixedassets		(1,140,344)	(584,523)
NETCASH(USEDIN)INVESTINGACTIVITIES		(613,223)	389,299
CASHFLOWSFROMFINANCINGACTIVITIES
Cashinflowsframnewborrowing		76,693	-
Repaymentsofborrowing		(545,455)	(545,455)
Interestpaid		-	(68,099)
NETCASH(USEDIN}/PROVIDEDBYFINANCINGACTIVITIES		(468,762)	(613,554)
CHANGEINCASHANDCASHEQUIVALENTSINTHEYEAR		(2,775,062)	(1,495,448)
Cashandcashequivalentsatthebeginningoftheyear		4,937,875	6,433,323
CASHANDCASHEQUIVALENTSATTHEENDOFTHEYEAR	26	2,162,813	4,937,875
Thenotesonpages21to40formpartofthesefinancialstatements

SOUTHWESTENVIRONMENTALPARKSLIMITED	SOUTHWESTENVIRONMENTALPARKSLIMITED
NOTESTOTHEFINANCIALSTATEMENTS
FOR	THEYEARENDED31OCTOBER2023
4.	INCOMEFROMDONATIONSANDLEGACIES
		Unrestricted	Restricted	Total
		funds	funds	funds
		2023	2023	2023
		£	£	£
	Donations	160,657	-	160,657
	Governmentgrants	-	§4,459	54,459
		160,657	§4,459	215,116
		Unrestricted	Restricted	Total
		funds	funds	funds
		2022	2022	2022
		£	£	£
	Donations	193,016	-	193,016
	Legacies	3	744,012	744.012
	Governmentgrants	-	23,678	23,678
		193,016	767,690	960,706
	INCOMEFROM CHARITABLEACTIVITIES
		Unrestricted	Total	Total
		funds	funds	funds
		2023	2023	2022
		£	E	£
	OperationofPaigntonZoo	5,146,884	5,146,884	4,687,468
	OperationofNewquayZoo	1,690,134	1,690,134	1,924,272
	Education	125,960	125,960	212,165
	Fieldconservationandresearch	47,459	47,459	41,898
	ChargestoSouthWestZooEnterprisesLimited	382,200	382,200	332,328
		7,392,637	7,392,637	7,198,131

	Unrestricted	Total	Total
	funds	funds	funds
	2023	2023	2022
	£	£	£
Fundraising	86,714	86,714	9,419
Events	24,311	24,311	14,910
	111,025	111,025	24,329
INVESTMENTINCOME
	Unrestricted	Total	Total
	funds	funds	funds
	2023	2023	2022
	£	a	£
DistributionfromSouthWestZooEnterprisesLimited	481,108	481,108	972,542
Interestreceivable	43,233	43,233	5,617
	524,341	§24,341	978,159

SOUTHWESTENVIRONMENTALPARKSLIMITED	SOUTHWESTENVIRONMENTALPARKSLIMITED
NOTESTOTHEFINANCIALSTATEMENTS
FOR	THEYEARENDED31OCTOBER2023
8.	EXPENDITUREONRAISINGFUNDS
	FUNDRAISINGTRADINGEXPENSES
		Unrestricted	Total	Total
		funds	funds	funds
		2023	2023	2022
		£	£	£
	Fundraising	50	50	50
	Staffcosts	-	.	11,279
		50	50	11,329
9.	ANALYSISOFEXPENDITUREONCHARITABLE	ACTIVITIES
	Summarybyfundtype
		Unrestricted	Restricted
		funds	funds	Total
		2023	2023	2023
		£	£	£
	OperationoftheParks	10,228,183	60,222	10,278,405
	Education	317,628	*	317,628
	Conservation	300,326	-	300,326
		10,846,137	50,222	10,896,359
		Unrestricted	Restricted
		funds	funds	Total
		2022	2022	2022
		£	ry	£
	OperationoftheParks	8,705,501	§2,034	8,757,535
	Education	274,721	-	274,721
	Conservation	263,263	-	263,263
		9,243,485	§2,034	9,295,519

SOUTHWESTENVIRONMENTALPARKSLIMITED	SOUTHWESTENVIRONMENTALPARKSLIMITED
NOTESTOTHEFINANCIALSTATEMENTS
FOR	THEYEARENDED31OCTOBER2023
10.	ANALYSISOFEXPENDITUREBYACTIVITIES
		Activities
		undertaken	Support	Total
		directly	costs	funds
		2023	2023	2023
		£	£	£
	OperationoftheParks	4,956,189	§,322,216	10,278,405
	Education	317,628	-	317,628
	Conservation	300,326	=	300,326
		§,574,143	5,322,216	10,896,359
		Activities
		undertaken	Support	Total
		directly	costs	funds
		2022	2022	2022
		£	£	£
	OperationoftheParks	4,082,872	4,674,663	8,757,535
	Education	274,724	-	274,721
	Conservation	263,263	-	263,263
		4,620,856	4,674,663	9,295,519
	ANALYSISOFSUPPORTCOSTS
		Operation	Total	Total
		oftheParks	funds	funds
		2023	2023	2022
		£	ba	£
	Staffcosts	2,045,316	2,045,316	1,719,536
	Establishmentcosts	1,040,485	1,040,485	1,004,581
	Administrationcosts	597,642	597,642	§13,116
	Financialcosts	669,891	569,891	441,880
	Marketing	448,675	448,675	352,733
	Depreciation	468,276	468,276	411,114
	Amortisation	18,234	18,234	21,965
	Governance	11,650	11,650	6,825
	MaintenanceofLivingCoastssite	122,047	122,047	200,913
		5,322,216	5,322,216	4,674,663

		Intangible
		assetsin
		developmen	Computer
		t	software		Total
		£		£	£
COST
At	1November2022	-	151,697		151,697
Additions		6,754	.		5,754
At	31October2023	6,754	151,697		157,451
AMORTISATION
At	1November2022	*	95,633		95,633
Chargefortheyear		.	18,234		18,234
At	31October 2023	-	113,867		113,867
NETBOOKVALUE
At	31October2023	§,754	37,830		43,584
At	31October2022	-	56,064		56,064.

SOUTHWESTENVIRONMENTALPARKSLIMITED	SOUTHWESTENVIRONMENTALPARKSLIMITED	SOUTHWESTENVIRONMENTALPARKSLIMITED	SOUTHWESTENVIRONMENTALPARKSLIMITED
NOTESTOTHEFINANCIALSTATEMENTS
FOR	THEYEARENDED31OCTOBER2023
15.	TANGIBLEFIXEDASSETS
						Assets
		Long-term				Under
		leasehold	Motor		Fixturesand	Constructio
		property	vehicles		fittings	n	Total
		£		£	£	£	£
	COSTORVALUATION
	At 1November2022	17,288,379	452,870		3,364,256	-	21,105,505
	Additions	-	53,814		869,774	216,756	1,140,344
	Transfersintragroup	-	-		-	(198,547)	(198,547)
	Disposals	.	(72,494)		(18,347)	-	(90,841)
	At31October 2023	17,288,379	434,190		4,215,683	18,209	21,956,461
	DEPRECIATION
	At 1November2022	14,026,868	368,087		2,188,270	-	16,583,225
	Chargefortheyear	155,388	32,877		280,011	-	468,276
	Ondisposals	,	(67,369)		(9,226)	-	(76,595)
	At 31October2023	14,182,256	333,595		2,459,055	-	16,974,906
	NETBOOKVALUE
	At31October 2023	3,106,123	100,595		1,756,628	18,209	4,981,555
	At31October2022	3,261,511	84,783		1,175,986	-	4,522,280
	TheCompany'sleaseholdbuildingsareheld		underleases		grantedbyWildPlanetTrust,TorbayCouncil
	andRestormelBoroughCouncil.Thenet		bookvalueof		leaseholdbuildingsasat31October2023
	comprises£1,911,198(2022:	£2,030,015)	inrespectof	PaigntonZoo,		ENil(2022:ENil)	inrespectof
	LivingCoastswhichwasfullyimpairedin2020and£1,194,925(2022:£1,231,496)inrespectofNewquay
	Zoo.

SOUTH WESTENVIRONMENTALPARKSLIMITED	SOUTH WESTENVIRONMENTALPARKSLIMITED	SOUTH WESTENVIRONMENTALPARKSLIMITED
NOTESTOTHEFINANCIALSTATEMENTS
FOR	THEYEARENDED	31OCTOBER2023
18.	DEBTORS
			2023	2022
			£	£
	DUEWITHINONE	YEAR
	Tradedebtors		16,899	13,432
	Otherdebtors		52,480	13,282
	Prepaymentsand	accruedincome	730,088	1,177,296
	Taxrecoverable		88,940	50,783
			888,407	1,254,793
19.	CREDITORS:AMOUNTSFALLINGDUEWITHINONEYEAR
			2023	2022
			£	£.
	Bankloans		622,148	545,455
	Tradecreditors		523,003	385,105
	Othertaxationand	socialsecurity	236,713	88,365
	Othercreditors		90,759	44,599
	Accrualsanddeferredincome		450,431	426,471
			1,923,054	1,489,995
			2023	2022
			£	£
	Deferredincome
	Deferredincomeat	1November2022	336,270	398,913
	Resourcesdeferred	duringtheyear	349,107	336,270
	Amountsreleased	frompreviousperiods	(336,270)	(398,913)
			349,101	336,270

SOUTHWESTENVIRONMENTALPARKSLIMITED	SOUTHWESTENVIRONMENTALPARKSLIMITED
NOTESTOTHEFINANCIALSTATEMENTS
FOR	THEYEARENDED31OCTOBER2023
22.	STATEMENTOFFUNDS
	STATEMENTOFFUNDS- CURRENTYEAR
		Balanceat			1						Balanceat
		November									31October
				2022			Income		Expenditure		2023
					£			£		£	£
	UNRESTRICTEDFUNDS
	GeneralFunds	5,734,449					8,205,347		(10,846,187)		3,093,609
	RESTRICTEDFUNDS
	ERDFRedevelopmentFund		729,687					-	(26,059)		703,628
	CrocodileSwampFund		650,000					-		-	650,000
	ForestSchoolsFund			324				-		-	324
	COVIDGrant		12,000					-	(12,000)
	CareandConservationofLargeCats		744,012					-	(12,163)		731,849
	NOYPenguins			.			44,459			.	44,459
	SumatranTigers			-			10,000			-	10,000
	OtherRestrictedFunds			2,000				-		-	2,000
		2,138,023					§4,459		(50,222)		2,142,260
	TOTALOFFUNDS	7,872,472					8,259,806		(10,896,409)		5,235,869
	Restrictedfunds
	ERDFRedevelopmentFundandCrocodile	Swamp		Fund		-	This	representsfunding			received for
	redevelopmentofsitesandexhibitsatPaignton	Zoo.
	CareandConservation ofLargeCats -This	represents				legacy		income	toassist	in	thecareand
	conservationsoflargecats.
	NQYPenguins- Thisrepresentslegacyincome	resictedfor			theconservation				ofpenguins
	SumatranTigers- Thisrepresentslegacyincomethat			has	been		restricted		fortheconservationoftigers,
	specificallyfocusingontheSumatranTigerspecies.
	Otherrestrictedamountsrepresentfundsreceived		for	aspecificpurpose					andcanonlybeusedunder
	particularconditions.
	Page		35

SOUTHWESTENVIRONMENTALPARKSLIMITED	SOUTHWESTENVIRONMENTALPARKSLIMITED
NOTESTOTHEFINANCIALSTATEMENTS
FOR	THEYEARENDED31OCTOBER2023
22.	STATEMENTOFFUNDS(CONTINUED)
	STATEMENTOFFUNDS- PRIORYEAR
		Balanceat			Balanceat
		1November			31October
		2021	Income	Expenditure	2022
		£	E	E	£
	UNRESTRICTEDFUNDS
	GeneralFunds	6,559,196	8,430,067	(9.254.814)	5,734,449
	RESTRICTEDFUNDS
	ERDFRedevelopmentFund	755,746	-	(26,059)	729,687
	CrocodileSwampFund	650,000	-	-	650,000
	SolarPVArrayFund	2,063	-	(2,063)	-
	ForestSchoolsFund	324	-	-	324
	BIAZAFund	14,234	9,678	(23,912)	-
	COVIDGrant	-	12,000	-	12,000
	OtherRestrictedFunds	-	2,000	-	2,000
	CareandConservationofLargeCats	-	744,012	-	744,012
		1,422,367	767,690	(62,034)	2,138,023
	TOTALOFFUNDS	7,981,563	9,197,757	(9,306,848)	7,872,472

SOUTHWESTENVIRONMENTALPARKSLIMITED	SOUTHWESTENVIRONMENTALPARKSLIMITED	SOUTHWESTENVIRONMENTALPARKSLIMITED
NOTESTOTHEFINANCIAL		STATEMENTS
FOR	THEYEARENDED31OCTOBER2023
23.	SUMMARYOFFUNDS
	SUMMARYOFFUNDS	-CURRENTYEAR
		Balanceat	1			Balanceat
		November				31October
		2022		Income	Expenditure	2023
			£		£	£
	Generalfunds	5,734,449		8,205,347	(10,846,187)	3,093,609
	Restrictedfunds	2,138,023		54,459	(50,222)	2,142,260
		7,872,472		8,259,806	(10,896,409)	§,235,869
	SUMMARYOFFUNDS	-PRIORYEAR
		Balanceat				Balanceat
		1November				31October
		2021		Income	Expenditure	2022
			£	£	E	£
	Generalfunds	6,559,196		8,430,067	(9,254,814)	5,734,449
	Restrictedfunds	1,422367		767,690	(52,034)	2,138,023
		7,981,563		9.197,757	(9,306,848)	7,872,472
24,	ANALYSISOFNETASSETSBETWEENFUNDS
	ANALYSISOFNETASSETSBETWEENFUNDS- CURRENT			YEAR
				Unrestricted	Restricted	Total
				funds	funds	funds
				2023	2023	2023
				£	£	£
	Tangiblefixedassets			4,277,927	703,628	4,981,555
	Intangiblefixedassets			43,584	-	43,584
	Fixedassetinvestments			2	-	2
	Currentassets			1,695,149	1,438,632	3,133,781
	Creditorsduewithinone	year		(1,923,054)	-	(1,923,054)
	Creditorsdueinmorethanoneyear			(999,999)	-	(999,999)
	TOTAL			3,093,609	2,142,260	5,235,869