Charity number.. 306622 WILD PLANET TRUST TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2021 ishop Fleming WILD PLANET TRUST CONTENTS Page Reference and Administrative Details of the Charity¥ its Trustees and Advisers Trustees. Report Trustges. Rosponsibilitlos Statement Independent Auditors, Report on the Financial Statements 9-12 Consolidated Statement of Financial Activities 13-14 Consolldated Balance Sheet 15 Charity Balance Sheet 16 Consolidated Statement of Cash Flows Notes to thg Financial Statements 18-43 WILD PLANET TRUST REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 OCTOBER 2021 Trustees S E Kings, Chair R W J Ford, VI￿ Chair S Barr BA A C J Cooper Bsc S J Greinig BA (resigned 4 March 20211 R Hlll BA IHonsl, ACA P R F Chanin MA, PhD (resigned 18 August 2021) B K McLaughlin RARowe M S Salmon P M C Stevens {resigned 7 February 20221 R I Stones lappointed 16 June 20211 A G Hart lappoinled 16 June 20211 C Cooper lappointed 16 December 20211 Charity registered number 306622 Principal office Tolnes Road Paignton Devon TQ4 7EU Chief Executive Officer D J Flynn (appointed 1 st December 20201 Executive Director S J Tonge (resigned 30th June 2021) Independent auditors Bishop Fleming LLP Chartered Accounlanls 2nd Floor Stratus House Emperor Way Exeter Business Park Exeter EX13QS Bankers Lloyds Bank FAC Paignton Devon Page 1 WILD PLANET TRUST TRUSTEES REPORT FOR THE YEAR ENDED 31 OCT08ER 2021 The Trustees submit their report and the audited financial slalements for Wild Planet Trust for the year ended 31 October 2021. The financial statements comply with the Charities Act 2011 and have been prepared in accordance with Ihe requirements of Ihe Stalemenl of Recommended Practice on accounting and reporting for charities IFRS 1021 effective 1 St January 2019, including the additional content required for larger charities. The period covered by the report was one of unprecedented challenge brought about by the impacts of the prolonged COVID-19 pandemic. This report therefore documenlg Ihe activities and perfomance of the charity within the context of an exceptionalty difficult backdrop. STRATEGIC AIM Wikl Planet Trust is an education, scientific and conservation charrty that lakes action to protect at-risk animals and plants from the impacts of biodiversity loss through activities designed to help halt species decline. CORE BELIEFS Three core beliefs underpin the charity's work.. Every species is special Everything is connected Every action matters PUBLIC BENEFIT In setting objectives and planning activities for Ihe year, the trustees have given Careful consideration lo ensuring that the charity's activities are to the public benefit, and they have had regard to the Charity. Accordingty, the activities at our sites during the last year were for the public benefit and were in accordance with the objects of the charity. They are.. To advance scientific knowledge of plants, animals and the natural wodd. To advance the education of students and the public on the conservation of the physical and natural world and the promotion of biodiversty. To promote the conservation of the physical and natural environment and the maintenance of biological diversity. In fulfilling its objectives, the charty brings its objectives and core beliefs to life through the START Programme. START has five components. providing long-term SAFE HAVENS at our sites for endangered species. taking the lead in promoting, building and supporting community and project partnerships to demonstrate how working TOGETHER le.g. through citizen science projecls and support for overseas programmesl can achieve impacts that contribute to halting species decline. taking ACTION that contributes to halting species decline through supporting sustainable habitats in the UK and overseas, where species may be protected and, when appropriate, into which they can be re- introduced. conducting and commissioning RESEARCH into biodiversity protection topics that relate to our core activity areas and animal wellbeing in order to ensure that we can advan￿ the science-base for our programmes, promote improvements in animal welfare, and identify conservation challenges. using our plafform as a credible conservation organisation lo TELL people about why sustaining biodiversity is vital for us all, and the work that we do to help halt species decline, in order to influence public policy and individual actions. Page 2 WILD PLANET TRUST TRUSTEES REPORT (CONTINUED} FOR THE YEAR ENDED 31 OCT08ER 2021 SUMMARY OF MAIN ACHIEVEMENTS Contribution to Conservation Despite needing lo minimise our input to our conservation projects due lo Covid impacts, all of our conservation projects have survived and some have achieved significant progress. At Slapton, repairs and replacement of the boardwalk for public access to the reserve has been completed. The removal of an area of willow carr has also been achieved in line with the Management Plan. The social prescribing project did have reduced numbers due lo successive lockdowns, but has been ￿deVeloped for the coming year. Our seagrass project saw the inslallation of three seagrass friendly ec￿MO0￿￿gS in Fishcombe Cove. These advanced mooring system buoys allow boats lo moor within the Cove without damaging the geagrass through deploying anchor chains. Despite having to take the slep to shut down the breeding of Devon white-clawed crayfish in 201912020 due to the immediate impact of Covid, we did continue to honour the grants we held for the identification of suitable ark sites for crayfish bred at Bristol Zoo. The first ark site went through a preparation process and, during the summer, the first captive bred crayfish were released. We are continuing lo support the project through the identification of further potential ark sites. In Tanzania, law enforcement patrols continued throughout the year in the Uzungwa Scarp Nature Forest Reserve with additional funds secured by our project partners allowing the rangers to spend two weeks on patrol out of every month. Preliminary data from camera trap surveys suggest that many species have stabilised between 2016 and 2020 in contrast lo the steep population declines detected beforehand. Our Sulawesi project completed a study showing a dramalic decline in bushmeat being sold in markets across northern Sulawesi. This was published in the joumal Animal Conservation. Unfortunately, the data cannot tell us how much of this decline can be attributed to our Selamatkan Yaki (Save the Macaques} programme as there may be other factors, such as the trade moving away from open markets. However, much progress was made with the illegal bushmeal reduction strategy with several markets making public declarations to no longer sell protected or endangered species. The team also launched the role model roadshow, empowering hunters who have vowed not lo hunt endangered species lo inspire others from nineteen villages. In addition, the education team undertook their fourth Yaki Pride Campaign culminating in the Yaki Youth Camp where ¢ompelilion winners from each of the schools visited to undergo training to be conservation ambassadors. The ranger team in the Omo Forest Reserve, Nigeria, grew to thirteen with the recruitment of two extra community scouts. The rangers continued to curtail illegal activities such as hunting and logging in the conservation zone, making over foty arrests during 2021. The rangers were also involved in the arrest of three suspects attempting lo sell a pair of elephant tusks. Project staff participated in the development of the National Elephant A￿lon Plan for Nigeria with the Omo Forest identified as a priorrty. A film about Omo was commissioned by the Elephant Protection Initiative to open an international webinar on forest elephant conservation. The Trust continued to financially support the Owston's Civet Programme Coordinator in Vietnam for our partners, Save Vietnam's Wildlife. Research was completed on civet coffee farms and the online pet trade in small carnivores, both potential threats lo Owston's civet and potential disease pathways from wildlife to humans. The coordinator also published a paper on the policy effectiveness of addressing COVID-19 impacts on wildlife conservation in Vietnam. The development of a dedicated conservation breeding centre in Vietnam has been delayed. In Zimbabwe, funding from the Wild Planet Trust, although reduced from previous levels, was critical lo the financi81 survival of Dambari Wildlife Trust. It underpinned their conservation efforts including operations lo tag and dehorn rhinos in Matobo National Park and monitor rhino populations using camera traps. Dambari Page 3 WILD PLANET TRUST TRUSTEES REPORT (CONTINUED} FOR THE YEAR ENDED 31 OCT08ER 2021 also continued their donor-funded work supporting local communities lo better manage their livestock and protect wetlands in the wider Matobo Hills. EduCat￿n 8nd Outreach The COVID pandemic had a significantly negative impact on the traditional approach to the delivery of education and outreach activities. Government requirements for lockdown and goci81 distancing, limitations of schools, abilities to organise external visits and our own capacity constraints consequent to the reslrucluring programme initiated in March 2020 meant that new and imaginative ways lo continue our work needed to be identified. COVID was a catatyst for change and we therefore pivoted to online education and outreach with a focus on structured lessons to support Key Stage curriculum requirements, support for home-schooling projects and informal education. We used social media, our own websiteg and YouTube as the delivery channels for these activities. The education resulls were positive and enabled us lo reach schools across the UK that would otherwise not have been able to engage with our programmes. Informal outreach through social media also saw a significant uptake in reach with an average of 20k views for our Facebook and Instagram posts. We will buikl on these insights to support our priorities for the next rep)rting period. FINANCIAL REVIEW Overview The impact of the COVlth19 pandemic once again dominated the reporting period, as it had in 2019120. As a result of COVID lockdowns, Paignlon Zoo and Newquay Zoos were closed for 125 days during 2020121, partially reopened in mid-April and relumed to normal, albeit with enhanced COVID measures in place, at the start of July. Trading was significantly stronger than originally anticipated with the company recording a profit of £1.3 million compared lo a forecasted deficit of £2.8 million {including the Living Coasts write down of £928kl in the 2019120 reporting year. Net Assets at year-end were £8 million, compared to £7.4 million in the previous year. Going Concern The accounts have been prepared on a going concern basis. The trustees feel that this is appropriate, as at the time of signing the accounts lockdown restrictions have been lifted, rollout of the COVID-19 vaccine in the UK has been going well and Paignlon and Newquay Zoos have reopened to strong visitor numbers. The zoo sites are predominantly outdoor allractions, which offer people a chance to reconnect with the natural world, and the growing awareness of conservalion issues positions Wild Planet Trust in a strong position. Tourism agency projections are that visitor numbers to the South Wesl in 2022 will be robust, and earty data points to a continuing positive situation in 2023. Nevertheless our business planning is based on cautious and conservative forecasts and budgets. The Coronavirus Business Interruption Loan ICBILI obtained in 2020 effectively replaced the cash lost during COVID ck>sures. As part of ils reserves policy, the Charity holds £1 m cash in reseNe in case of trading difficulties. Despite the challenges faced in 2020121 the Charity continues to hold sufficient cash lo meet this requirement with £8m available at year-end. Page 4 WILD PLANET TRUST TRUSTEES REPORT (CONTINUED} FOR THE YEAR ENDED 31 OCT08ER 2021 The Charity has a lease on the Living Coasts site which is currentty empty following the closure in March 2020. The Trustees are monitoring the position with regard to this lease which has a peppercorn rent. We are actively seeking to dispose of Ihe site and, at presenl, the cosl of managing the sile in its current form is substantially less than the support that we have had to provide to cover the operating losses in recent years. In the short term therefore, WPT is in a better position than when the sile was in operation. In the circumstances and given Ihe resources available to the charity, the trustees consider that the going concern basis is appropriate. RISKS AND PRINCIPAL UNCERTAINTIES The major risks lo which the charity is exposed, as identTfied by the trustees, have been reviewed and systems and proeedureg have been established lo manage those risks. The review and monitoring process includes assessment of business risks and implementing appropriate risk management strategies, in particular through mitigation and insurance. Internal controls are aligned with Charity Commission requirements and guidelines. Business and operational risks are reviewed by the Finance, Audit and Risk Committee and fully discussed at full board management meetings. Annual business plans are developed for trustee approval. The business plans incorporale estimated visrf(or numbers and revenue as well as maintenance and development plans. Business plan progress is monitored by the Operations Committee. Risks are also mrtigated through a comprehensive insurance programme, which includes an annual review to ensure adequate cover, and the maintenance of business continuity plans. The principal risks currently identified include.. Human or animal epidemics which necessitate the long term Closure of the zoos wilh resuliing loss of revenue. Reduction in visitor numbers to the zoos caused by changes in perception of zoos generally, or Wild Planet Trust zoos in particular. The impacl of climate change on maintenance and additional expenditure for animal welfare. The principal uncertainties are.. The wider economic environment and the extent lo which visitor numbers will remain as robust as was the case in Ihis reporting period. The effect of National Living Wage increases given that they are unknown and impact in-year financial planning. PERFORMANCE PLANNING AND INDICATORS P18nning Annual business plan objectives are set within the context of Trustee-approved goals and priorities. The top- level goal and priorities inform departmenlal priorities which are then used as one of the performance- monitoring metric$. The 21-22 organisational planning and performance goal is.. To 8ccelerale the transfom7ation programme whilst n7ainlaining financial resilience in order lo lay the groundwork for a memorable and successful ￿ntenary year in 2023. Page 5 WILD PLANET TRUST TRUSTEES REPORT (CONTINUED} FOR THE YEAR ENDED 31 OCT08ER 2021 The priorities are.. Improve the ability to take data-driven tin7ely decisions through prioritised implen7entation of the digital first programme in order lo sustain financial resilience through better inftirmed cosl-conlrol processes and maximum ROI revenue-generstion 8Ctivities. Develop an outcon7e-focused culture in order lo improve operational eff￿lencIeS by encouraging the team to take ownership ofproblem-solving within a clearly communicated framewoth ofpriorities. Embed the Single Compelling Narrative ( helping halt species decline) through the phased implement8tion of the STAR Tprogramme in order lo re-position WPT as a national leader on biodiversity issues. The organisational top priority is lo= Tell our story better. The stated organisational goal and priorities drives the following baseline business plan aclivities.. Create bot8nic/anim8ls p8rily ofesleem. Deliver subsl8nli81 growth in education activities Prepare the plan for, and be ready to execute, Project 100 (the centenary celebrations). Design a new people strategy that improves talent developn7ent, conditions of service and SU￿$s￿on planning. Performance Indicators Taking into account the unique challenges caused by the COVID pandemic and the principle uncertainties previousty described, performance targets have been set al the conservative end of the spectrum and are based on modest increases on 2020 actual performance. The principal KPIS for year ended 31 October 2021 are as follows.. The ¢onlribulion from trading represents the SWZEL profil as at 31110121, which will be distributed lo the Charity ISWEPLI in 2022, prior to 31 St July. 2027 Key Perfom7ance Indicators 2021 Actual 2021 Actual to Previous Year 2021 Target Previous Year 2020 Actual 2021 Actual to Target -6.9Q/o 3.5°10 Total Visitors Visitors Total Education Visitors 526,227 409,853 8,710 565,271 396,000 376,831 269,070 9,209 52.3'/. -5.40/0 Admissions Income £6,255,511 Education Visits £48,789 Contribution from Tradin £972 542 'No target included due to Covid-19 and lockdowns £4,974,132 £4,053,247 £38,930 £149 769 54.3 % 25.3'/0 £352 364 2022 Targets Admissions Education Visits Contribution from Tradin £5,674,827 £135 750 £685,816 Page 6 WILD PLANET TRUST TRUSTEES REPORT (CONTINUED} FOR THE YEAR ENDED 31 OCT08ER 2021 Reserves It is the general policy of WPT and rts subsidiary charities to apply towards their charitsble objeclives as much cash as they reasonably can, to avoid accumulating excessive reserves. Where considered appropriate, and being mindful not to overcommit the Charity, borrowings may be used to fund elements of significant capital projects. In setting its reserves policy the Charity takes account of its continuing financial commrtments in terms of staffing and overheads, including the costs of maintaining the animal and plant collections and funding its charitable activities. Following the consequences of COVID for the organisation, the Trustees continue to review the reserves policy. Al the year-end however, the reserves policy was that WPT will maintain minimum cash reserves of £1 m available at all times. Such reserves would be sufficient for WPT and its subsidiary companies to operate without significant curtailment of their activities for a period of up to six weeks. Similarly, the trustees consider that unrestricted reseNes at the end of any financial year not exceeding 100D/o of the lolal resources expended during the year could propedy be regarded as both reasonable and juslified. At the year end, the VWT group held in excess of £8 million of cash including cash held to cover the annual trading cycle, the £1 m reserves discussed above and funds available for future developments. In order to guarantee that the business would have sufficient cash to operate as a going concern during the winter of 2020121, WPT drew down a £3,000,000 government backed Coronavirus Business Interruption Loan in August 2020. Repayments started in March 2021 and the loan is due to be repaid by August 2026. STRUCTURE, GOVERNANCE AND MANAGEMENT WPT is a registered charity (Number 3066221, governed by its Charity Commission Scheme ILT 306,622 AJ3 dated 3 September 19911- It is an unincorporated association run by a board of trustees. A skills audit of the exisling Board is mainlained with a target list of expertise and experience, which provides the criteria for future appointments. A recruitment procedure is in place to ensure that any nominees have the expertise and experience that will enhance and benefit the Board and ils objectives. 11 has been used successfully. In accordance with the governing document, trustees are appointed to the Board by a majority vote of the existing trustees. Training of trustees is reviewed against individual training needs and a full introduction and induction to the charity is given to new trustees upon appoinlmenL The Board meets regularly throughout the year to review strategy and performance and a number of subcommittees also meet on a regular basis to focus on specific areas. Whilst the trustees are responsible for strategy and policy issues, the daY-l￿daY adminislralion and management of the ¢harily is delegated to a Chief Executive, who reports regularly to the Board. By Order ofthe Board C E Malkin Date. kn1l12olL Page 7 WILD PLANET TRUST STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 OCTOBER 2021 The Trustees are responsible for preparing the Trustees, Report and the financial statements in accordan￿ with applicable law and United Kingdom Accounting Standards Iunited Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the stale of affairs of the Group and the Charity and of their incoming resour￿$ and application of resources, Including their income and expenditure, for that period. In preparing these financial statements, the Trustees are required to.. select suitable accounting policies and then apply them consislendy., observe the methods and principles of the Charities SORP IFRS 1021., make judgements and accounting estimates that are reasonable and prudent., stale whether applicable UK Accounting Standards IFRS 1021 have been followed, subject to any material departures disclosed and explained in the financial statements", prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Group will continue in business. The Trustees are responsible for keeping adequate aceounling records that are sufficient to show and explain the Group and the Charity's transactions and disclose with reasonable accuracy al any lime the financial position of the Group and the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity IAccounts and Reportsl Regulations 2008 and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the Group and the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by order of the members of the board of Trustees and signed on ils behalf by.. C E Malkin ComFcllly o¥iieLclly Dale." 20111202£ Page 8 WILD PLANET TRUST INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF WILD PLANET TRUST OPINION We have 8udiled Ihe financial slalemen15 of Wild Planet Trust Ilhe 'paftnl Chadly) ano its subsidiarie5 (the 'group'l for Ihtr yeai ended 31 October 2021 which comprise the Cgnsolidaled Stalemenl of Fln8ncial Aclivilies {incorporaling income and expenditure aecounll. the Consolidated Balance Sheet, the Charity 8alance Sheet, the Consolidated Stalemenl of Cash Flows and ihe relaled notes. including a suM￿ary ol significant accounling po11Gies. The financial reporting framework thal hats bejen applied in their preparalion 15 applirable law and Uniled Kingdom Accounting Standards, including Fbnandal Reporting Standard 102 The Financial RepOr￿"fig siandard applicable in the UK And Republic of Ir&land' {Uniled Kingdom G8nerally Accepted Accounu"ng Practicè). In our opinion the financial Strlemanls. give a true and fair vbèw of the slate of the GfOUP'S ano of Ihe parent Charitls affairs as at 31 Crtober 2021 and of ihe Group's incoming f8sources an(J 8ppltcatson ol resources, InGludlng ils Income and expenditure lor the year then ended., have been propeily prepared in accordance with United Klngdom Genefally Accepted Accounting Practice., and hgve been prepared in accordance with the requiiemen¢s of the Chari16es Act 2011. BASIS FOR OPINION We rA)nducled our audtl 41 acc(Yéance wrfti Intem8tson81 Standards on Audillng IUKI IISAS IUKII and ap￿ICable IAW nijr rp.grJnn%ihili118s und8T those 4t8nrlxrd* Ar*. fiirth•r d*seribAd in Ihe Auditors. rr4sptsnsibililie8 far thA aitdil ol the financial stslemenls 5eelion of oui report. We 8re independent o( the Group in accordance wilh ihe ethical requirements artr relevant lo our 8udit of the fin8n¢i81 slalements in the Unilo(J Kingdom. induding the Finanual Reporting Council's Ethical Slandarij. and we have lulfilled our other ethical responsibilities in accoroance wilh these ￿quireMents, We Deiieve inai ine auiii ewrJen¢e we have obtained is surricieni and appropriaie to pro*id8 a basis for our opinion. CONCLUSIONS RELATING TO GOING CONCERN In auditing the financial statements, w• have concluded that the Trusl8es' use of the going concem basB ol ¥¢¢ountln9 in th• prnparation of th• ftn•n¢i#l 814ternents is appropriat•. Based on the work we have performed, we have noi Idenlrfied any malerial uncertainties ￿lating 10 events or condition5 that. individually or colleelively. may cast significant doubl on the GrouD'S or the Darent Charilrfs ability Io Gonlinu8 85 8 going concern lor a period of al leasl iwelve months from when the finanual statsmenls artr aulh0ri5ed for issue. Our responsibilities èn¢J the responsit4llt￿S of the Trustees resped lo going con¢8m are described in the relevanl sections of this report. P8ge 9 WILD PWET TRUST INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF WILD PLANET TRUST ICONTINUEDI OTHER INFORMATION The oihor inlormation Gomprisos the inlormolion included in the Trustees. Report and Financial Stsicm¢nts Olher than the finantyol slalement$ and our Audilors, Report Ihereon. The Trustees are responsible for the other inforrnalion wnliiined wilhin the Truslees. Report and Financial Stalernent5. Our opinion on Ihe financial statements does not cover Ihe other Infomiation an¢J. ex¢epl to the exlenl otherwise eKplirylly slated in our r&port. we do not express any fomi of assurance ￿nClUSion Ihereon. Our responsibilily Is lo read the other ififorrnalion and, in doing so, consider whether the other infomialion is maleTrially inconsislènt with thè financial slaternenls or our knowledge obtained in the course of the audll. or olhefwise appears lo be materially ITiibsldlvd. 11 i￿￿1111(Y suLII ITl*alviidl iiiwisiilEIiiiEs VT unling unless the Truslees either intend to liquidate the Group or the parent Charily or lo cease operations, or have no realistic alternative bul 10 do so Page 10 WILD PLANET TRUST INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF WILD PLAtrIET TRUST (CONTINUED) AUDITORS. RESPONSIBILITIES FOR THE AUDIT OF THE FINANCINL STATEMENTS We have been appointed as auditor under section 151 01 thè Charitiès Att 2011 and rÈpr*t In sJrcxJrdanrs.t with the Act and ￿levant regulab'ons made oi having effecl Ihereunder. Our ot¥eclives are ÈD obtain reasonable assurance about whether the financial slalem8nts as a whole are free from material misstatemenl. whether due lo fraud or e￿or. and to issue an Audilor5' Report that includes our opinion. Reasonable assurance is a high 18v81 of assuranee. but is not a guararbtee that an audit conducied in accordance with ISAS IUKI will always delect a material misslatemenl when il exists. Misstalemenls can ari8e rtom fraud or crror and ar& Eonsiderod mateiial it, in¥Jividuolly or tii the aggregate, tliey could ieOSVllid¥r¥Q Ilie Upy￿lU￿1iI1eb drid ￿L￿ritIVES Lhal mdy exi¥L within the Charity for fraud and i(Jenlified the highe51 area of risk lo be in relation to income recognilion. In common wilh all audits under ISAS IUKI. we are also iequiied lo perform specific procedures lo respond to the risk of management override of controls through the use of manual journals_ We have also obtained an understanding of the legal and regulatory frameworks Ihat the Charily op8rates in, focusing on provisions of those laws and regulations th81 had • direct effect on the determination of material amounts and ¢Jisclosures In ihe flnanclal staiemenis. Tho key laws and regulaiiolls we CDnsiiJer8d in Ihis con18Xt indijded the Charities Ad 201 I, Charities SORP 2019, UK Companies Act, UK tax legislation and FRS102. In Addilinn. wp r.ftnoirf*￿rt provisions ol olh8r lawg and rtsyulations that do not h¥ve 8 effect on the financial statements bul compliance with which may be fundamental lo the Charitys abillly lo operate or avoid a mal@rial ponally. These included the Zoo Licensing Act, data protection legislalion. ftsod hygi¢n¢ regulation5, heallh and safely regulalions, and employment legislation. Our risks identified for the parent Chadly and ils subsidiaries. as ner*ssary. included the fdlowing.. Rgvigwing thè financial ttaiemeni disclo￿re= and tc=ting to 4¥UPPtsrting documcntation to OJS¢S3 compliance with provislons of relevant laws and regulations describetl as having 8 dire￿ offect on the financial slalemEnts', Enquiring of management and Truslees in relation lo acltsal and Potential claims or litigation- Perfomiirbg analpical piocedufes to idents'ly unusual or unexptcled relationships ihal may indiGat8 risks of material misslalement due to fraud.. Reviewing Executive Bc>afd and Trustee meeting minutes.. In addre38ing the risk of fraLJd through manag¢menl 0￿rrIdO of Gontrols, ttrsting ihv app￿pilat¢ne5s 01 jourrtal enlTies and other adjustments., a8ses$ing wheth¢r the judgements made in accounting eslimal&s Page 11 WILD PLANET TRUST INDEPENDENT AUOITORS. REPORT TO THE MEMBERS OF WILD PLANET TRUST ICONTINUEDI ere Inclical￿8 of potential bia$. and evalv8ts.ng Ihe business r81ionale of 5ignifiGanl tran8adons that are unusual or oulsi¢Je the nDmal course ol business. We also communicalad identified laws and regulations and polential Iraud lo all members of the engagement team and remained alert to ptsssible indicators of fraud or non-compliance laws and r4Ltlations throughout the audil. As a ￿sU11 of the Inhereni limllation$ ¢f an audit, there Is a nsk that not all Irregularflles. Induding ¥ material misstatement in the finanoal slalements or non.compliafi¢e with regulalion. will b8 delecled by us. This r¢sk incregses thg further rfrmov¢d compllancp with • 14w or regul3tion 15 from the évèfits and Iransactiong r¥flècle in Ihe financial sialtrmenls, given we will be less likely lo be aware of it, or should the irregularity occur as a fesull of fiaud rather than 8 one-off eTroi. as this may involve intentional concealment. forgery. collusion. omissions, or misrepresenlalion A further description ol our responsibilities lor the audit ol the financial slalements is located on the Financial Reporb'ng Council's website at.. www.1rc.or .uklaudilorsres onsibililies. This descriplign forms part of our Audiiors, ftepon. USE OF OUR REPORT This report Is ma(Je solely lo the Charily's Truslees, gs a body, in accordancè with Part 4 of the Charities (Accounts and Report51 Regulation5 2008. Our audit work has been undertaken so that we might slate lo th Chari1￿$ TrLisi$8g IhDg8 mstt&rg r¥quirKJd to stale In Ihp.m in èn AiiAitnrq' Rprjnrt anrt fnr nn nlhAr purpose. To Ihe fullest exlenl perniilieé by law, we do not aceepl or assume responsibilily to anyone other than the Charity and its Trusletrs, as a body, for our audil work, lor Ihis report, or for the opinions we have formed. Mark Munfo FCA Isenior Slalulory Audilorl For and on behalf of alshop Flgming LLP Chartered Accounlanls Ststutory Auditors 2nd Floor Stratus House Emperor Way Exeter 8usiness Park Exeler EXI 3QS Dale.. 27th July 2022 Bishop Fleming LLP are eligible to act as auditor5 in terrn5 of seGtson 1212 of the Companies Act 2006. Page 12 Joo CLN ow o ¢n vcry ¢+1 O• ¢0 ￿ ty) c>w •2 WO ￿20V IMLD PLANET TRUST CONSOLIDATED BALAI4CE SHEET AS AT 31 OCTOBER 2021 2D21 2020 FIXED AsseTS Int&n9ible a33els T8ngible assets Inveslmellts 15 58,029 12,619,132 2.757,790 33,097 12.919,737 2.373,750 16 17 15.434,951 15,326,584 CURRENT ASSETS Stocks Debtors Cash al bank In hand 18 327.499 490.196 8,ZQ8.489 285.514 847.755 6.325.300 19 9,026,184 7.658.569 Creditor5'. amounts falling due wthin one 20 11,757.119} {1,601,968) NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES 7,269,06S 6.056.601 22.701,016 21.383.185 Creditors.. arnounls falling due after more than one year 21 (2,090,909) 12.636,364) TOTAL NET ASSETS 20,613,107 18.746,821 CHARITY FUNDS Enéowmenl lunds R¥¥liib(ed (urid¥ 22 408.293 1.682,881 18,521,933 408,293 1,589,022 16.768,906 22 Llnreslricted funds 22 TQTAL FUNDS 20.613.107 10.14b,1121 Th• financl¥l st8￿m￿¢S WeTg approvgd and authoris9d for issug by thg Trusts•¥ and $lgned on their beh•lf by= S E Klng$ Chair RWJFord VIGO Chair Lo 2oLL The r￿te5 on pages 18 to 43 lorm part of these financial statements. Page 15 WILD PLANET TRUST CHARITY STATEMENT OF FINANCIAL POSITION FOR THE YEAR ENDED 31 OCTOBER 2021 2021 202f) Noto FIXED ASSETS TBnglble assets Investments 16 8,262,046 2,757.790 8,272.091 2,373,750 17 11,019.838 10,645.841 CURRENT ASSETS Doblots Cash at bank 8nd in h8nd 10 15,613 642,430 12,848 SOl,592 6￿0,043 514.440 Creditors: amounts falling due wilhln one year 20 118,8791 113,7461 NET CURRENT ASSETS 639.164 500,694 TOTAL NET ASSETS 11,659,002 11,146,535 CHARrrY FUNDS Endowment funds Restricted funds Unrestricted funds 22 22 408,293 260.514 10,990,195 406,293 125,499 10,612,743 22 TOTAL FUNDS 11.659.002 11.148.535 The ffinandal slalements wefe opproved and aulhorised for issue by the Tnjslees and signed on thelr btshall by- s e Klngs Chair Dal9= RWJFord Wice Chair 201 èili.oLI £0111201 The notes on pages 18 10 43 fomi part of thèse ffn8n￿a1 ststements. Pagtr 16 WILO PLANET TRUST CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 OCTOBER 2021 2011 2020 ash flow8 from operatlng actlvltles Nel cash luseéygeneraled inlfrom operating acti%ilies 2.140.946 11.933,6781 Cash flows from investing aetlvltles Dividends, interests and ienls from investments Purchase Df intangible assets Purchase DI tangible lixed a85els ProGeed5 froni sale of investiii¢iii¥ Purchase of inveslments Interest receivablo 59.108 135,525> 1147.3021 084.203 1650.096) 4.849 178.536 {479,e06} 202,403 {211,6491 Net CAsh u$•d In Inv*s￿n9 activities 1fj4.783) 1310,316) Cash flows from flnanclng acthvltlos Cash inftows from new LKrrowing Repayments of tJOfTowing 3,000.000 Mgt G8sh (used In}Iprovlded by flnanclng a¢tlvltl•s 1363,6361 3,000.000 Change In ¢4$h 4nd cash equlvalents In the year Cash and cash equivalents al the bèginning of the year 1,692,547 756,006 6,534.265 5.778,259 Ca¥h and cash equlvalents at the end of the year 8,226,812 6.534.265 The notes on pages 18 10 43 lorrn part of these firtancial statements Page 17 LD PL4NET TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2021 GENERAL INFORMATION The Charity (registered number 3066221 is a regislerod ehariiy. The registered office address is Totnes Road. P8ignlon, Devon. Ta4 7EU. ACCOUNTING POLICIES 2.1 BASIS OF PREPARATION OF FINANCIAL STATEMENTS Th¢ financial sl•tÈmenls have been prepareé in accordance Ihe Ch•rits"es SORP IFRS 1021 Aeeounling and Rep)rting by Chartlies.. Statement of Recomm8nd8d Practice applicable lo charllies prepanng Iheir accounts In accordance iF)è Financial Reporting sian(JaTd appiicabie in ihe UK and Republlc of Ireland IFRS 1021 leffeclive 1 January 20191, the Financial Rep)rting Slandard applicable in the UK and Republic ol Ireland {FRS 1021 and the Charilies Act 2011. The financi81 slal&mefj13 have been ￿Pared to gNe a 'lrue and faif, view and have departed from the Charities IAGGounls and Rfsportsl Regul¥lions 2008 only lo the exlenl required to provide a 'true and fairf view, This departure has involved following the ChaTikn"es SORP IFRS 102} published in October 2019 Talher Ihall the Accounling ané Reporting by Charities.. Slalement ol ft8commended Practice effectFve from 1 ￿1￿12￿5 which has since been wlthdrawn. Wild Planet Tru=t mocL ihc definition of ? publi¢ b¢F)¢fit ¢nl*ty undgr FRS 102, Assots and liabilitios are inilially recognised at historical cost or Ir8nsaclion value unless othenKise staled in Ihe ielevant accounting policy. The Consoltdaled Statement of Flli8nual Activiiies ISOFAI and Consolidated Balance Sheel consolidal8 flnancial slatemenls of ihe Charity and ils subsidiary undertaking. The results of the subsidiary are consolidaled on a line by line basis. 2.2 GOING CONCERN The a¢wunts have been prepared on the going conc&rn basis, The Tfuslees have consrdered a perlod ol al leasl 12 monttts from the da16 01 approval of the financial slalem8nls. and have also ssessed various business plans relating to Ihe On￿oing impact ol COVID. For fLJrth8r details pl8as8 See the Trusleos, Report. 2.3 SUBSTANCE OVER FORM The financial slalements have beell preDared aGcordan¢e Mlh Accoununq and Reportino by Chafilies preparing their accounts in 8ccordance wttt) the Financlal Reporting Standards applicable in the UK and Republic DI Ireland IFRS 1021 in preference lo th8 ￿￿u￿ting 8nd Reporting by Charities.. Slalemenl of Recommended Practice issued on 1 ApTiI 2005 vthKh is relerred lo in Ihe exianl regulations bui has been with¢Fawn. Thi* ha* hg.An dnng_ In nrrtpr fnf Ihp. arrnitrnlA tn prnvidfi a tru8 aftd latr vittw In accordance with the Generally Accepted Accounting Praclice eftective for reporting perSods beginning on or after 1 January 2015. Page 18 V•lLO PLANET TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2021 ACCOUN71NG POLICIES I￿ntInUed) 2.4 INCOME All income is recognised once the cha￿tY has onllllemenl lo the Income. 6t Is probable that tho income will be received and Ihe amount of incorne receivable can be measured rel￿bty. Grants are included in the Consolidated Statement of Financial Activities on a receivable bas1$. The b8lence of income received for apecific puiposes bul not expended during the period 18 shoym in the relevant funds on ltte Balance Sheet. Where income is received in advance of enlillemenl ol receipt. ils recognition is Ll8ferred anij inclurteLI in crediiors as deferreij income. Where enlillemenl occurs before income is received, Ihe income is accrued. Income tax recoverab￿ in relolion lo Inveslmenl Income 1$ r8cognis8d at the time the investmont income is receivable. Other income Is recognlsed In Ihe period in which It Is receivatle and lo the extent ts goods have been provided or on Completion of the seNce. Page 19 WILO PLANET TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTO8ER 2021 ACCOUNTING POLICIES Icontlnu•d) 2.5 EXPENDITURE ExDendllure Is r¢¢ognised once Ihere is a legal or construct*ve obligallon lo transfer economic benefit lo a Ihird party, it 15 probable that a Iransfer ol economic benefsls wll be r8quired in selllemenl and the amount ol th• ob5igalion can be measured reliably. Expendilur8 is classified by aclivity. The eo815 of each actiwty are made up of the lot81 of diwl costs and shared costs. induding support Costs involved in undertaklng each activiiy. Olreci cosis aiiributable to 3 single aGtivity 4r9 allocated directly to that activity. Shared costs which contribute lo mcrfe than one acli*ity 8nd 5UPPOrt costs which are not aiiribulable lo a single aclivily a￿ apporttrc>n8d between Ihose activities on a basi5 consislent with the nf ￿￿ource* fp.nlrAI qtAff rn*t* Arp. Allnr51tgd on the b881s of time Spent. and dAprp_riAti charges allocaled on Ihe portion of Ihe asset's use. Expendltuffj on raising funds indudes all expendlture ir}Gu￿ed by the GroLJP lo r81se funds for its chariiable purposes 8nO Includes costs OT all fundraising activilies events anoj non-chaniabie Irading. Exwndilure on chariLibk activities ts Incur￿1 on diiectty undertakin9 the actiwlSes which further the Group's obiertiv•s. as w•U •ny o$SQC14tod gupport eost$. All expendilufe Is induwve ol Irr8￿ver8b1e VAT 2.6 GOVERNMENT GRANTS Government grants relating lo tangl￿e fixed assets are Ireated as deferred in¢ome 4nd released to Ihe Consolldat8d Stat•mgnt of Financial Activitie8 ovèr the èxpacted uséful Ilve8 of the aes&is concerned. Other granls are crediled lo the Consolidat8d Stalemenl ol Financial Activits'es as the relaled expendituro 55 Incur￿d. 2.7 INTEREST RECEIVABLE InE8rest on funds held ¢)n deposit is included when receivable and Ihe amount can be measured reliably by Ihe Group,. thij Aomiolly UPC•n n¢tifieation of Ihe intoreBt pgid or by thc in= wtlh whom the lunds are (ltrposrled. 2.8 INTANGIBLE ASSETS AND AMORTISATION Intangible assets are inilially r8cognised at ¢osl_ Aftef recogniiion, under the cost model. intangible assets are measured at cost Sess any accumul8led 8mortisalion And any accumulaied impaimionl losses. AJnorttsglion Is provided on Intangible assets al rates calculated Io ￿te off tre cost of each asset c 8 straigh14ine basis over ils expected useful life. Th8 8stimat8d useful lives are as fdlows: ArnotUs8tron15 PToW¢Jed on the followlng base5: Computer software Goadwill S yFars 2.9 TANGIBLE FIXED ASSETS ANO DEPRECIATION Tangits￿ fixed assets ar8 inthalty re￿niSed at cost except certain L4nd and builljlngs which ar8 included at deemed cost on the Iransfw lo FRS102. After recognition, under Ihe cost model. tangible fixed assets awe measured al cost less ac¢umulaled depreciation and any accumLblaled impolmienl losses. All costs inCLFrr•d to bring a tangib￿ fixtrd asset Into ils int4nded working condilion should be included in the measurement of co81. P8oe 20 IMLD PLANET TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2021 ACCOUNTING POLICIES leontlnu•dl 2.9 TANGIBLE FIXED ASSETS ANO DEPRECIATION {CONT114UED) Depreciation 18 charged so as to allo￿te the cost of tangible fixed assets less Iheir residual value over Ihtrir estimated useful lives, using the slraighl-line method. DeprecialNJn is promded on the fdlowing bases.. FreehDJd property Leasehold propety and improvements Moloi vehicles - 5 years Fixtur8s. fittlrws and èqulpment - 5 to 10 years Library Not ijeprecialed Not depreci¥led lo 10 years 10 to 50 years No depreciatlon Is provided on freehoEd land and building5. It Is thè group's rKJlicy to maintain 518 buildings in such condition that the value is not Impaired by the passage ol time. As a consequence 8ny element of depreciation would. in the opinion of the Trustees. be immaterial and no provision has been made. Those development ¢osts th81 are cons1ée￿fj lo have a finite uselul life, despite the group's policy to maintain ils buildings. have be¢n depredaled ¢ver Ihelr expected useful life. Tli¥ Tesidudl value5. Useful liv¢s anu depreriaiion Iti¢thod5 are T¢view¢d, and adjus￿ prospectively if appropriate, or if there is an indic8tion of a significant Change since the k8St reporting dale, 2.10 HERITAGE ASSETS Where heritage assels have been purehas8d, Ihtsy are inili8lly recognised 31 ￿St. After recognition. under the cost moaei, neNt8ge assets are measured ai COST less any aceumuiaie(J aepreaaiion and any accumulated impairment losses. A*89.l* - AnimAIo Animals are generally acquired from Oiher zoological organlsaiions without charge, ¥nd Ihey arts incapable of being reliably valued. Accordingly. no value is Jtldbuled lo the animals in these flnandal statements. There were no maleriaS purthases or sales of Iiveslock during the currenl or previous year. Full details 91 the animals Induded in Ihe zoos. collections are available in a separale annual report published by the Charity, 2.11 INVESTMENTS Fixed asset investments Bre a form of linancial Trnslrument and are initially recognised at their transaction cost and subsequently measured al falr value 81 the Balance Sheet dale. unless Ihe value cannot be measured reliably in which cas8 it is m8asured al cDst1gss impairment. Investment gains and 105ses, whether Tealised or unrealised, are combined and presented as 'GainsllLossesl on Inve3tmenl3' in the Consolidated tatement of finantial A¢tivitits. 2.12 STOCKS Slocks are valued Èl Ihe lower of Cost and nel reallsable value after making due ¥llwaftce lor obsolete and slow-moving stt)¢ks. Cost includes all direct CQsls and an approprialg proportion of fixed and va￿a￿￿ overheads. 2.13 DEBTORS Trade and olher d8btors are recognised at the settlement amount after any trade discount offerect. Prepaymen15 are valued al the arncyjnt prepaid nel ol any trade discounts due. Page 21 WILD PLANET TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2021 ACCOUNTING POLICIES lconllnuedl 2.14 CASH AT BANK AND IN HAND Cash al bank and in hand includes cash and short-term hiuhly1l¢ul¢ Investments with a short maturily of th￿e months or less from the dale ol acquisition or openin9 01 the dep0s4t or similar accounl. 2.15 LIA81LITIES AND PROVISIONS Liabilllies are tscogni$ed when the￿ Is an obligation at the Balance Sheet date as a result of a past event, it is probable thal a transfer of economic benefit will be requirÈd in setuemenl, and the amDunt of th@ settlÉthmgnt can be estimat￿ r&llably Liabilities are reGognised al the amount that the Charity anticipates il wll pay lo settle the debi or Ihe amount has received as advanced payinellts for the goods or services il mLtsI pTovi(Je Provisions are Measured at the best estimate of the amounts iequired Io Settle Ihe ¢blloallon. Where the effect of the lime v8lue of rnoney is material. the provision is bas&d on the present value of Ihose aM0￿￿t&, discountgd at thg pre-tax dieeount ￿te that roll8Cts thg risk¥ ¥pecihc to the liability. Tho unwinding of the discount is reeognised in the Consolidated Stalewnent of Fin8ncial Acti￿1￿*$ as 3 linan¢e cost. 2.16 FIIIANCIAL INSTRUMENTS The Group only has financial assets and financial liabilities of a kind th81 qualfy as basic financial trument- Ba￿lc financial in- -trumcnt- are initially rccogniscd al Ir?n¢)¢tion valu& and sub6equ¢ntly measured at Iheir seltlemenl value with the exception of bank 108ns which are subsequently rneasured al amorbsed cost using the effective interest method. 2.17 OPERATING LEASES Rentals paid uncsèr operating leases are charg8d to the Consolidated Sl8lemenl of Financial Activities on a stratght line basis over the lease term. 2.18 PENSIONS The Group operaies a defined ￿nt￿bUt10n pension scheme and the pension charge represenls the amounts payable by the GfOUP lo the fund in respect of the year. 2.19 FUND ACCOUNTIMO General funds are unrestricted funds whith ar& available for use at the discretion of the Trustees In furtherance of the general objectives of the Group and whith have not been designated for other Purposes. Reslrtcled funds are funds whieh art ￿ be used in accordance with specific restrictions imposed by oonors or Whlch Ilove been raised by In8 Group ror panicuiar purposes. The CO5￿ of ralslng and ?dminislering such fun(Js are charged against the specific fund. The aim and use of &ach restrict8d lund is sel out in the notes lo the linanThal stalem8nls. Investment incorne, gains and losses are alkjcated to the appropriate lund. Paoe 22 WILD PLANET TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2021 cR￿lCAL ACCOtINTING ESTIMATES AND AREAS OF JUDGEMENT Esiimates ano juijgemttn￿ are coniinually evaluaied and are basea on histoncal expenence ana other facloTS, including expeciaJons of future events that are believe(J to be ￿85￿n¥bI& under the circumstances. Critical accoun￿ll9 estimates and assumptions= The Charity makes estimates an(J 8ssvmplions conceming the future, The resulting accounting eslimat8s and assumptions will. by definition. seldom equ81 the related actual resLJlts. The &slimales and assumpts'ons that have a significant risk ol causing a material adjuslmenl lo the cairylno amounts of assels and liabtlilies within the next linancial year are discusspd below. Crilieal aroas ol ludgemenl.. The useful IFle of the fixed assets is a key jLvJg¢mont. Page 23 WILD PLANET TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2021 INCOME FROM DONATIONS AND LEGACIES Ro$trlcted Unr•strlct•d funds funds 2021 2021 ToLIl funds 2021 Donations Gr¥nls Govarnmtnl grants 1,373 336,540 337,913 102,876 82,138 185.014 104.249 418,678 522.927 Govemmont grant funding received relates to tho CoronavINJ8 Job Relention SGh¢mè attd bu6Èness support granls awarded as a resull of COVID-19. Restricted Unrestricted funds lund5 2020 2020 Total funds 2020 Donations Grants Qovernmenl grants 441,377 441.377 4.600 099.141 4,600 896.016 3,125 700,616 444.502 1.145.118 As noted in the Trustees. Report the group benefits notably from the involvement and enlhusiaslic rJnlrihiilinn4 r)f volunteerg In aeeordance wth FRS 10? ¥nd thé Chsriliég SORP IFRS 1021, the economic contn'bulion of general volunteers is not reGogrHsed In the acc￿￿nIS. INCQME FROM CHARITABLE ACTfrfiTIES Rè6tr5¢t¢d Unr•8tYletad funds lund$ 2021 2021 Totsl funds 2071 Operation of the Paignton Zoo Operation of Newquayzoo Operation of LIVI￿ Coasts EdLFcation Fl¢ld wris¢r¥all￿1 and rtwaTth 5,342.300 2.070.269 851 102,184 38,599 S342.300 2.070.269 851 102,184 216.897 178,298 178,298 7,554.203 7.732,501 Page 24 WILD PLANET TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2021 INCOME FROM CHARITABLE ACTIVITIES {CONTINUEDI Restn'cled Unrestricted funds funds 2020 2020 Total funds 2020 npfvrntinn nf Ihp_ Paiorttnn 7M Operation of Newquay Zoo Operation of Living Coasts Educatrf)n q gQn R&? .? gqr).642 1.343,739 143,309 1,343.739 143.309 56.181 39.004 Field conseTvaiton and researth 74,407 113,411 74.407 5,572.875 5.647,282 INCOME FROM OTHER TRADING ACTIVITIES Incom(• from fundral#lno *vont* Unrestrfeted funds 2021 Total lund$ 2021 Total runds 2020 Fundraisir Events 9.961 9,961 20.851 17.167 9.961 9,961 38,018 Income from non charltsbl• trading activiti•s Unrestrf¢ted funds 2021 Total funds 2021 Totsl runds 2Q20 Commercial trading opemlions 3,602.844 3.602,844 2,161.585 P¥ye 25 WILD PLANET TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2021 114VESTMENT INCOME Unrestrlcttd funds 2021 Total lunds 2021 Total funds 2020 Dividends and intere3t on li3ted inwe3tments 59.100 3,000 4,826 23 60,100 3,000 4,826 23 73.ty01 5.750 10.717 1.395 Rental income Investment income Interesl receivable 66.958 66,958 91.063 OTHeR INCOMING RESOURces Unrèstricted fund5 2021 Total lundj 2021 Total funds 2020 Other op?rats"ng income Other incoming resources 115,D27 94,393 115,027 94,393 215,007 47,562 209,420 209.420 262,569 EXPENDITURE ON RAISING FUNDS FUNDRAISING TRADING EXPENSES Unrestricted funds 2021 Total fvnds 2021 Tolal funds 2020 Fundraislng costs Wages and salaries (including support costs) 3.498 12,820 3,498 12,820 4.358 13.108 16.318 16,318 17.466 Paoe 26 WILD PLANET TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCT08ER 2021 EXPENDITURE ON RAISING FUNDS ICONTNUEO} OTHeR TRADING ExpeNses Unrestdcled funds 2021 Toial funds 2021 TntAI lunds 2020 Cost ol sal8S Administration expenses Staff cost$ 1.351.968 7.678 1,041.030 1.351,968 7,678 1,041,D30 818,055 4,360 968,379 2,400,676 2.400,£76 1,700,704 to. ANALYSIS OF EXPENDITURE ON CHARITABLE ACTivrriES Summary by lund typ• R•stricted Unrestri¢ted lunds funds 2021 2021 Total funds 2021 Optrrallon cl the Parks Education Conseryalion COVID-19 Grant 71,154 7,552,353 111.359 505.897 1102.8761 7.623,507 111,359 510.505 4,608 102.876 178,636 ,066.733 8,245,371 COVID.19 Granl expenditure ret8les lo cosls incurred against furlouqh claims. These ￿81$ were incurred across all Charilable acknvilies atrxsve. an¢J acft)ss both support and direct costs. Tulol funds 2020 funds 2020 lunds 2020 CWrats"on of the Parks Education Consetv8lion COVID-19 Grant 782.564 8,612.104 361,566 460,997 1696,0161 9.394.668 361.588 465,608 4.611 696,016 1.483,191 8,738.651 10.221,842 Page 27 WILD PLANET TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2021 11. ANALYSIS OF EXPENDITURE BY ACTIVITIES Actlvltles undertakèn dlro¢tly 2021 Support Total fLtnd¥ 2021 eosls 2021 Operation of the Parf(s Educalion Consetvabo 3,386.652 111,359 4fJO.056 4.236.855 7.623,507 111,359 510,505 41.649 3,966,867 4,278.504 .24S,371 Actiwlie5 rjndertakèn directly 2020 Support cost$ 2020 Toial fund5 202Q Opcration of the Pafks Education ConseNatson 4.286,225 303,473 427,410 5,108.443 58.093 38.198 g,394,668 361,566 465,608 5.017,108 5,204,734 10.221,842 P8ge 28 WILD PLANET TRUST NOTES TO THE FINANCIAL STATEMEN7S FOR THE YEAR ENDED 31 OCTOBER 2021 11. ANALYSIS OF EXPENDITURE BY ACTIVITIES ICONTINUEDI ANALYSIS OF SUPPORT COSTS Operatlon of th¢ P•rks 2011 Total funds 2021 Educatlon ConS8Tha￿0n 20Z1 2021 Stsff costs Fielcj conservation antl resÈareh Grants and cIonat￿nS Reserves wardenlPrimley wolect costs E51ablibhrnenl costs Administration costs Financial costs MaTketing Amortisatio 1.823.677 1.208 126.003 423 1,823.677 1.208 126.003 423 836,517 3SO,495 259.491 396,796 11,843 447,901 24,150 815.378 2'1,139 2,542 481 794 347,953 259.010 396.002 11.843 437.858 17.500 Dèpreciatio Governan￿ costs 10.043 6.650 4,kJb.1555 41.li4y 4,275.504 Oper8tion of the Pafks 2020 Tolal funds 2020 Education 2Q20 Conseryation 2020 Staff cosls 1,758,672 12,419 205,866 3,6e6 720,325 294,199 266,066 511,723 20,678 399,260 5.434 2.165 19,736 352 1,764,106 14,584 225,402 4,018 738,396 302,357 271,136 513,379 20,875 407,713 1,306 kieio eon$eNotion ano research Grants and donations Reserves wardenl PThmley project ¢OSl$ Establishment costs Aijminislralion costs Fing4n¢ts cost8 18.071 3.010 Jt 5.148 4.770 Marketing Amortisalion Depr&¢iau'on Loss on sale ol asseis Govemanc£ Costs Impairment ol assels 1.656 197 8,453 1.308 8,SQO 907,269 20.291 927.560 5.1tF8,443 58.093 38,198 5,2Q4,734 Support costs ara ¥lloc¥ted be￿een raising lun(Js and charitable aclivilies on Ihe basis of numbers of slaff, and allocalad wlhin charitable aclivitS8s on the t)asis of viwEor numbers. P8ge 29 WILD PLANET TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2021 11. AUDITORS. REMUNERATION The auditors, remuneration aM￿nIS to an auditor fee of É17.000 B020 - £14.OOOJ. and non-audil fees of £4.00012020 - £3,000). 13. STAFF COSTS Group 2021 Group 2020 Chariry 2021 Ghgriiy 2020 Wages and salaries Social SeCu￿tY costs Conlribulion lo dèfinod ¢onlribuliM pension s¢hem?s 5,016,044 361.740 5,716,818 385,797 f68,345 14.427 96.395 4,943 315,498 363,071 6.840 8,707 5,693,282 6.465,686 189,612 110,045 Included within wages and $alar*e8 are 81aff restNduring costs for the Company amounts'ng lo £60.000 12n?n.. p?.fjc).4S1) The av&rag8 of persons employed by the Charity during the year was as follows.. Group 2021 Group 2020 No. Charfty 2021 No. Charity 2020 Employe95 267 304 Th*Y number of ¢mploy¢es b¥hos0 omployee benefit5 leicluding ¢mployw pension coo151 oxceeded £60.000 was.. Group Group 2021 No. 2020 No. In the band £60,001 - £70,000 In the band £70,001 - £80.000 In Iht band £80.001 - £90.000 In Ihe band £100,001- £110,000 The total amount of emplc)yee benefits (including employEr pension conth"butlons and employer national ITI>Ul