2021-12-31-accounts

CONTENTS			PAGE
Administration,	Officers	and Advisors
Report ofthe	Trustees
Statement of	Trustees' Responsibilities		18
Independent	Auditors Report to the Members		19
Consolidated	Statement	of Financial Activities	22
Consolidated	Group and	Company Balance Sheet	23
Consolidated	Statement	of Cashflows	24
Accounting Policies			25
Notes to the	Accounts		30

Downturn	in the	in the	in the	UK	UK	and	and	/	~	Visitor number reduction	Visitor number reduction	Visitor number reduction						~	Ensure as many costs as possible can be flexed with	Ensure as many costs as possible can be flexed with
or global				economy					~	Loss of revenue									visitor numbers
adversely	affecting				the UK					Lack offinancing	facilities							~	Engage with a strong targeted madreting campaign
tourist'and		leisure			industry				~	Unable to Invest In the Zoo sdevelopment								~	Exploit the drive time markets
										programme								~	Keep the Zoo exhibits refreshed
									~	Unable to maintain	the current Zoo				site			~	Provide "Value added' for the ticket price
									~	Unable to maintain	animal		collection
									e	Lose core staff
The Zoo	does		not		retain			its	~	Zoo closure is enforced								~	Maintain required standards as dictated by the Zoo
Zoolicence																			I icensing Act
																		~	Carryout regular desktop compliance reviews
																			Carr out re ulsrtrainin
There are		insuflioent					cash		~	The Zoo could be declared				bankrupt		by		~	Maintain an adequate set level ofworking capital.
funds available tlow the Zoo's					tc cash business					unpaid creditors								~	Cash reserves forecasts are set aside to enable cash flow management.
plan																		~	Carryout regular cash forecasting ofavailable cash	to
																			determine ade uate levels.
Cash	covenants						are		~	Reputational damage		with	funders					~	Regular reviews ofcovenants carried out and reported
breached									~	Not able to deliver the Zoo plan impacting negatively				Development on viritor				~	to Board snd Committee Regular reviews of cash forecasting reported Committee	to
										revenue								~	Regular Debt reviews carried out
																		~	Profit rotection lan monitored
Breach of		Health			&	Safety			~	The Zoo licence	is	revoked		by the	Local			~	Contract with a 'Cntical" partner to provide
statutory	regulations									Authority									compliance assurance
									*	Investigation snd	prosecution			by Health			&	~	Ensure adequate H&S policies in place which	are
										Safety Executive									implemented
										The Zoo incurs	rriminal			charges		snd		~	Regular and appropriate H&S training for staff
										financial enalties
IT infrasiructure						is		not	~	There is a breakdown		of IT equipment				due		~	Ensure sound and capable IT infrastructure and
adequate business	to support operation						the		~ ~	to age and / cr equipment Breach of ITsecurity or loss ofdata Loss ofrevenue		inadequacy of the of the data held and /						~ ~ ~	.sUpport Utilise in-house and outsourced solutions for growth snd delivery Long term planning to replace / upgrade solutions Take timely and regular system back-ups / replications appropriate to the data and operation
									~	Reputational damage								~	Policy for data storage which Is adhered to including
																			an "off-site" option.
																		~	Frequent "patching' with "provider Issued" patching	to
																			guard against unauthorised access
																		~	Develop 'resilience" into the system to ensure
																			business continuity.
																		~	Carryout annual scoping exermses to ensure current
																			IT infrask ucture is ade uate
Board Members				and Exec					~	Decisions made	which		are	not	thought			~	Review Board skill sets annually to ensure
(Strategic		Team)			will		not			through with high	quality		rigor damage			the			appropriateness and fit to strategic objectives
have sufficient experience to organisation's			skill or manage affairs.				the			organisation's reputation.		sustainsbility				and		~ ~ ~	Carryout regular Board training in key strategic areas Ensure regular governance updates Ensure Strategic team have at least an annual
																			strategy day to review and develop strategic plans	and
																			direction

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES	CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES	CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES	(Incorporating	Consolidated	Income and Expenditure	Income and Expenditure
Account) for the year ended 31December 2021
			2021				2020
	Notes	Unrestricted	Restricted	Endowment		Total	Total
INCOMING RESOURCES
FROM GENERATED FLINDS
Vol un ta ry
Donations & Gifts	2	323,230				323,230	449,439
CHARITABLE ACTIVITIES
Life Science, Education and Conservation Welfare	3	6,872,663	11,319			6,883,982	6,443,566
Activities For Generating Funds
Retail &.Catering	4	3,118,369				3,118,369	2,624,400
Government Business
Support Grants		190,325				190,325	403,953
Interest Received		7,020				7,020	5,525
TOTAL INCOMING RESOURCES		10,511,607	11,319			10,522,926	9,926,883
RESOURCES EXPENDED
COST OF GENERATING FUNDS
Retail &Catering	4/5	(1,928,853)				(1,928,853)	(1,714,500)
CHARITABLE ACTIVITY
Life science, Education and Conservation Welfare	s	(8,7z4,60s)	(10z,463)			(8,827,068)	(7,840,731)
GOVERNANCE COSTS		(52,425)				(52,425)	(42,215)
CORPORATION TAX							(39,727)
TOTAL RESOURCES EXPENDED		(10,705,883l	(102,463)			(10,808,346)	(9,637,173)
NET (OUTGOING)/INCOMING RESOURCES		(194,276)	(91,144)			(285,420)	289,710
OTHER RECOGNISED GAINS
Actuarial gain / (loss) on revaluation of pension liability		34,000				34,000	l60,000)
Gain on revaluation offixed
assets
NET MOVEMENT IN FUNDS		3,079,342	(91,144)			2,988,198	229,710
FUND BALANCES BROUGHT FORWARD AT 1JANUARY	18/19	20,599,842	2,817,006	100,000		23,516,848	23,287,138
FUND BALANCES CARRIED	18/19	23,679,184	2,725,862	100,000		26,505,046	23,516,848
FORWARD AT 1JANUARY

s at 51December 20	2	1
				Group		Company
			Notes	2021	2020	2021	2020
FIXED ASSETS
Intangible Assets				25,159	80,652	25,159	80,652
Tangible Assets			12	33,979,207	27,530,539	33,979,207	27,530,539
Investments			13			72,500	72,500
				34,004,366	27,611,191	34,076,866	27,683,691
CURRENT ASSETS
Stock".			14	134,883	125,549
Debtors			15	316,597	995,904	408,091	1,243,463
Cash at Bank & In		Hand		4,894,097	6,733,046	4,191,942	5,605,864
				5,345,577	7,854,499	4,600,033	6,849,327
CREDITORS: Amounts	falling due		16
within one year				(1,946,850)	(2,192,142)	(1,727,930)	(1,713,594)
NET CURRENT ASSETS				3,398,727	5,662,357	2,872,103	5,135,733
TOTAL A55ETS LESSCURRENT
LIABILITIES				37,403,093	33,273,548	36,948,969	32,819,424
CRFDITORs Amounts	falling rku		17	(10,898,047)	(9,756,700)	(10,898,047)	(9,756,700)
after more than one year
NET ASSETS				26,505,046	23,516,848	26,050,922	23,052,724
FUNDS
Endowment Fund				100,000	100,000	100,000	100,000
Restricted Funds			18	2,725,862	2,817,006	2,725,862	2,817,006
UNRESTRICTED	FUNDS
Designated			18	17,441,536	17,S43,478	17,44L536	17,543,478
other			18	1,204,124	1,204,124	750,000	750„000
Revaluation		Rcscrvc	18	5,033,524	1,852,240	5,033,524	1,852,240
			19	26.505.046	23.516,848	26,050.922	23,062,724

					Notes	2020	2020
CASH FLOWS FROM OPERATING	ACTIVITIES
NET CASH PROVIDED BYOPERATING ACTIVITIES					22	1,422,798	1,768,189
CASH FLOWS FROM INVESTING	ACTIVITIES
Cash paid to acquire intangible	and tangible	fixed assets				(4,364,045)	(605,726)
						(4,364,045)	(605,726l
CASH FLOWS FROM FINANCING	ACTIVD IES
Net cash inflows from new bank borrowings						4,300,000	3,000,000
Repayments of bank borrowings	and repayment		of principal			(3,197,702)	(140,416)
amounts offinance leases and	capital creditors
NET CASH PROVIDED BY/(USED	IN) FINANCING		ACTIVITIES			1,102,298	2,859,584
					22	(1,838,949)	4,022,047
Change in cash and cash equivalents in the		reporting		period
CASH AND CASH EQUIVALENTS	AT THE END	OF	1'HE	REPORTING	22	4,894,097	6,733,046
PERIOD

Account) for the year ending 31D	ecember 2020
		2020
	Unrestricted	Restricted	Endowment	Total
INCOMING RESOURCES				f
FROM GENERATED FUNDS
Volunt ary
Donations gr Gifts	449,439			449,439
CHARITABLE ACTIVITIES
Life Science, Education and Conservation Welfare	6,443,066	500		6,443,566
Activities For Generating Funds
Retail & Catering	2,624,400			2,624,400
Government Business Support Grants	403,953			403,953
Investment Income	5,525			5,525
TOTAL INCOMING RESOURCES	9,926,383	500		9,926,883
RESOURCES EXPENDED
COST OF GENERATING FUNDS
Retail 8 Catering	(1,714,500)			(1,714,500)
CHARITABLE ACTIVITY
Life Science, Education and Conservation Welfare	(7,708,207)	(132,524)		(7,840,731)
GOVERNANCE COSTS	(42,215)			(42,215)
CORPORATION TAX	(39,727)			(39,727)
TOTAL RESOURCES EXPENDED	(9,504,649)	(132,524)		(9,637,173)
NET INCOMING/(OUTGOING)
RESOURCES	421,734	(132,524)		289,710
Other recognised gains and losses
Actuarial loss on revaluation of pension liability	(60,000)			(60,000)
NET MOVEMENT IN FUNDS	361)734	(132,024)		229,710
FUND BALANCES BROUGHT FORWARD AT	20,238,108	2,949,030	100,000	23,287,138
1JANUARY
FUND BALANCES CARRIED FORWARD AT31DECEMBER	20,599,842	2,817,006	100,000	23,516,848

Notes tothe Accounts	Notes tothe Accounts	Notes tothe Accounts		(continued)	(continued)
2. DONATIONS			AND LEGACIES
							2021		2020
							E		f
Donations S.Gifts
							300,545		372,095
Legacies								22,685		77,343
							323,230		449,439
3. CHARITABLE			ACTIVITIES
Life Science,	Education			and	Conservation	Welfare
							2021		2020
Unrestricted	Income						f		E
Gate Admissions		and		Donations			5,660,257		5,204,575
Gift Aid								426,501		582,508
Membership	and	adoptions						600,548		471,011
Educational	visits							300		7,338
Otherlncome								185,057		177,633
							6,872,663		6,443,066
Restricted Income
Research and Conservation					Grants			11,319		500
							6,883,982		6,443,566

						2021	2020
						f	f
Turnover						3,168,369	2,670,985
Cost ofSales						(1,730,043)	(1,500,378)
Gloss Profit						1,438,326	1,170,607
Administrative		Expenses				(539,954)	(492,162)
Corporation	Tax						(39,727)
Net Profit						898,372	638,718
Reconciliation		to SOFA
Cost ofsales						1,730,043	1,500,378
Administrative		Expenses				539,954	492,162
						2,269,997	1,992,540
Less rent payable to parent						(323,544)	(262,440)
Less auditors		renurneration	analysed	as governance	costs	(17,600)	(15,600)
Less other costs recharged
						1,928,853	1,714,500

			Life Science,
		Retail &	education and
		Catering	conservation	2021	2020
		Costs	welfare costs	Tota I Costs	Total Costs
COSTS DIRECTLY ALLOCATED TO
ACTIVITIES
Life Science			503,838	503,838	438,158
Building Expenses			1,823,805	1,823,805	1,514,860
Retail &Catering		1,730,043		1,730,043	1,500,378
Advertising &	Publicity		690,690	690,690	639,379
Legal &Professional		6,400	184,884	191,284	101,403
		1,736,443	3,203,217	4,939,660	4,194,177
SUPPORT COSTS ALLOCATED TO
ACTIVITIES
Staff Costs		173,316	2,546,540	2,719,856	2,841,030
Office Expenses		19,094	785,632	804,726	820,747
In ecoverable	Vat		713,032	713,032	255,615
Depreciation	& amortisation		1,210,488	1,210,488	1,138,144
Finance Costs			368,159	368,159	305,518
		192,410	5,623,851	5,816,261	5,361,054
2021Totals		1,928,853	8,827,068	10,755,921	9,555,231
2020 Totals		1,714,500	7,840,731	9,555,231

Notes tothe Accounts (continued)	Notes tothe Accounts (continued)
6. NET INCOIYIE
		2021	2020
		f	f
Net income is stated after charging:
Operating lease rentals
- plant and machinery		45,936	48,538
Auditors' remuneration
-for audit services		47,000	41,700
-for non-audit services -tax advice		11,250
Depreciation of tangible fixed assets
-leased assets		14,351	14,351
-awned assets		1,135,537	1,115,190
Amortisation ofintangible	assets	60,600	69,878
Cost ofsteel& recognised	as an expense	539,961	418,661
7. INTEREST EXPENDITURE
		2021	2020
interest on bank loans and overdrafts		319,772	236,609
Other bank, interest and	finance lease charges	43,387	61,910
Pension net interest expense (note 25)		5,000	7,000
		368,159	305,518

otes to	the Accounts (continued)	the Accounts (continued)
8.	TAXATION
Current	tax:
UK corporation		tax on profits of period

2021	2020
E	E

The charity is exempt from tax on income	and gains falling within	section 505 ofthe Taxes Act 1988or	section 505 ofthe Taxes Act 1988or
section 252 ofthe Taxation of Chargeable	Gains Act 1992to the	extent that these are	applied to its
charitable objects.
Profit on ordinary activities of Zoo Park (Twycross) Ltd		898,372	678,455
Tax at 19%(2019:19%)on profit		170,691	128,906
Exempt under gift aid		(170,691)	(89,179)
Corporation Tax			39,727

Group staff costs:	2021	2020
	E	E
Wages and salaries	2,360,276	2,721,988
Social security costs	180,812	198,712
Pension costs	101,554	103,475
	2,642,642	3,024,175
Higher paid employees
Salary Range	2021	2020
E150,000 - E159,999
E140,999 —E150,000
E130,000 - E139,999
E120,000 - f129,999
E110,000 - f119,999
E100,000 - E109,000
E90,000- E99,999

						2021		2020
,	Average on head	monthly number count including		ofemployees, directors:-	based	No.		No.
	Education						6		9
	Resources						14		20
	Visitor services						33		34
	Retail						16		17
	Keepers						51		54
	Vets						3		3
							123		137

	IT
	Software	Total
	f	f.
Cost
1st January 2021	227,203	227,203
Additions	5,107	5,107
Disposals	(109,608)	(109,608)
31st December 2021	122,702	122,702
Amortisation
1stJanuary 2021	146,551	146,551
Chargefor the year	60,600	60,600
Disposals	(109,608)	(109,608)
31st December 2021	97,543	97,543
Net Book Value
31st December 2021	25,159	25,159
31st December 2020	80,652	80,652

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						Group		Company
					2021		2020	2021	2020
					E		E		f
Amounts owed		by subsidiary						203,474	689,569
Trade debtors						4,412	21,381	4,412	21,381
Other Debtors					115,828		828,590	3,848	386,580
Prepayments	&	Accrued Income			196,357		145,933	196,357	145,933
					316,597		995,904	408,091	1,243,463
ncluded within	other		debtors	are VAT receivables		of f19k (2020:f69k).
16. CREDITORS:			Amounts	falling due in less		than one year
						Group		Company
						2021	2020	2021	2020
						f	E	f	E
CBILLoan							300,000		300,000
Bank Loans						280,979		280,979
Finance Leases						27,976	69,566	27,976	69,566
Trade Creditors						354,286	573,051	262,598	306,337
Other Taxation		& Social Security				43,409	72,250	43,409	32,523
Accruals & Deferred			Income		1,118,382		1,059,005	991,150	886,898
Capital creditor						121,818	118,270	121,818	118,270
					1,946,850		2,192,142	1,727,930	1,713,594

18. FUNDS	18. FUNDS
ENDOWMENT		FUND
1st January	2021		and 31st December 2021					100,000
UNRESTRICTED		FUNDS
					Group		Company
					2021	2020	2021	2020
					E	f		f
Designated	Funds
1stJanuary					17,543,478	17,123,410	17,543,478	17,123,410
Transfer to	Designated			funds from
Other Unrestricted			Funds		(101,942)	420,068	(101,942)	420,068
31st December					17,441,536	17,543,478	17,441,536	17,543,478
Fixed Assets					16,074,436	' 16,176,378	16,074,436	16,176,378
Conservation	Welfare				1,367,100	1,367,100	1,367,100	1,367,100
					17,441,536	17,543,478	17,441,536	17,543,478

Revaluation Reserve	Revaluation Reserve			Group		Company
				2021	2020	2021	2020
				E	E	E	F
1stJanuary				1,852,240	1,910,574	1,852,240	1,910,574
Revaluation during	the year			3,239,618		3,239,618
Annual Transfer from
Revaluation
Reserve to Other	Unrestricted			(58,334)	(58,334)	(58,334)	(58,334)
Funds
31st December				5,033,524	1,852,240	5,033,524	1,852,240
Other Unrestricted		Funds
				Group		Company
				2021	2020	2021	2020
				E		E	E
1stJanuary				1,204,124	1,204,124	750,000	750,000
Net surplus for the		year		(194,276)	421,734	(194,276)	421,734
Actuarial Gain / (Loss) on revaluation of pension liability				34,000	(60,000)	34,000	(60,000)
Transfer from Revaluation Reserve				58,334	58,334	58,334	58,334
Transfer from / (to) Funds - Fixed Assets		Designated		101,942	(420,068)	101,942	(420,068)
31st December				1,204,124	1,204,124	750,000	750,000
Total unrestricted	funds			23,679,184	20,599,842	23,225,061	20,145,718
RESTRICTED FUNDS
				Group		Company
				2021	2020	2021	2020
				E	E	E	E
1stJanuary				2,817,006	2,949,030	2,817,006	2,949,030
Income in the year				11,319	500	11,319	500
Expended in the year				(102,463)	(132,524)	(102,463)	(132,524)
31st December				2,725,862	2,817,006	2,725,862	2,817,006

Note 18(Continued j	Note 18(Continued j	Note 18(Continued j	Note 18(Continued j
					1st			31st
					January			December
					2021	Income	Expenditure	2021
Himalaya					2,275,000		75,000	2,200,000
Changing	Places Grant				53,205		2,193	51,012
LLEP SME	Growth		Fund		488,301		13,951	474,350
International		Zoo	Management	Project		11319	11,319
Other								500
					2,817,006	11,319	102,463	2,725,862

otes to the Accounts (c	ontinued)
19. RECONCILIATION	OF FUNDS
			Group		Company
			2021	2020	2021	2020
			E	f	E	E
(Deficit)/Surplus for the	year		(285,420)	289,710	(285,420)	289,710
Actuarial gains/(losses) pension liability	on revaluation	of	34,000	(60,000)	34,000	(60,000)
Gains on revaluation of	fixed assets		3,239,618		3,239,618
Opening funds			23,516,848	23,287,138	23,062,724	22,833,014
Closing funds			26,505,046	23,516,848	26,050,923	23,062,724
20. ANALYSIS OF NET ASSETS BETWEEN			FUNDS
				Unrestricted	Restricted	Endowment
				Funds	funds	fund
Intangible fixed assets	(note 11)			25,159
Tangible fixed assets (note 12)				31;153,345	2,725,862	100,000
Cash at banl& and in hand				4,894,097
Other net current assets/(liabilities)				(1,495,370)
Long term liabilities (note 17)				(10,898,047)
				23,679,184	2,725,862	100,000

21. GUARANTEES AND	21. GUARANTEES AND	OTHER FINANCIAL COM	OTHER FINANCIAL COM	MITMENTS
There were no guarantees		or financial commitments		at 31December 2021	(2020:	Enil)
22. CASHFLOW
RECONCILIATION OF NET		INCOME	TO NET CASHFLOyy FROM OPERATING		ACTIVITIES
						2021	2020
						E	E
Net (outgoing)/incoming		resources				(285,420)	289,710
Depreciation	gr amortisation					1,210,488	1,199,419
Amortisatlon	of loan arrangement		fees			10,985	28,765
Movement	in stocks					(9,334)	(28,453)
Movement	in debtors					679,307	(6,808)
Movement	in creditors					(183,228)	285,556
						1,422,798	1,768,189
Analysis of Cash and Cash		Equivale'nts
							31
				1January			December
				2021		Cash flows	2021
Cash at bank and in hand				6,733,046		(1,838,949)	4,894,097

		2021	2020
Zoo Park profit	gift aided to parent	898,372	638,718
Intercompany	rent and other recharges	323,544	262,440