2020-12-31-accounts - Dudley And West Midlands Zoological Society Limited

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MEMBE	RS OF THE BOA	RD
Appointed	members	PJSilver
		D H Sparks OBE
		PJTart
		JWebb
		AJTaylor
		SKVincent
Nominated	members	MJEvans
		D IA Vickers
Co-opted	members	KFuller
		SWoollard
		P ILoveday
Zoo Director		DA Grove
Zoo Manager		MRLewis
Finance Manager		JDAshfield

		Page
Report ofthe Directors		4-15
Report ofthe Auditor		16-18
Consolidated	Statement ofFinancial Activities	19
Consolidated	Balance Sheet	20
Company Balance Sheet		21
Consolidated	Statement ofcash flows	22-23
Accounting	Policies	24-27
Notes to the	Financial Statements	28-42

				Unrestricted	Unrestricted		Total	Total
				funds	funds	Restricted	funds	funds
				General	Designated	funds	2020	2019
			Notes
INCOME FROM:
Donations and	Legacies		2	306,552		650,334	956,886	192,237
Charitable Activities			3	2,507,549			2,507,549	3,293,995
Other trading	activities		4	737,733			737,733	1,370,802
Investments				5,953			5,953	14,241
TOTAL				3,557,787		650434	4,208,121	4,871,275
EXPENDITURE ON:
Raising Funds			5	753,343			753,343	1,196,675
Charitable Activities			5	3,043,252		308,610	3,351,862	3,403,070
TOTAL			5	3,796,595		308,610	4,105,205	4,599,745
NET INCOME/(EXPENDITURE)			6	(238,808)		341,724	102,916	271,530
Transfers between funds			15	146,030		(146,030)
Net movement	in funds			(92,778)		195,694	102,916	271,530
Fund balances	brought forward	at
I January 2019				2,327,131	1,000,000	972,413	4,299,544	4,028,014
Fund balances	carried forward	at
31December	2019		15/17	2,234,353	1,000,000	1,168,107	4,402,460	4,299,544

CONSOLIDATED B	ALANCE SHEET
31December 2020		Company	Registration No. 1350S64
		¹tes	31December	31December
			2020	2019
FIXEDASSETS
Tangible assets		9	3,341,125	2,930,530
CURRENT ASSETS
Stocks		11	78,070	88,957
Debtors		12	167,445	135,861
Cash at bank and in hand			1,908,445	2,014,356
			2,153,960	2,239,174
CREDITORS: Amounts	falling due within one year	13	(482,625)	(620,160)
NET CURRENT ASSETS			1,671,335	1,619,014
TOTAL ASSETSLESS	CURRENT LIABILITIES		5,012,460	4,549,544
CREDITORS: Amounts	falling due after more than one year	14	(610,000)	(250,000)
NET ASSETS			4,402,460	4,299,544
FUNDS
Restricted funds		15	1,168,107	972,413
Unrestricted funds
Called up share capital General income funds		16 17	100 2,234,253	100 2,327,031
Designated funds		17	1,000,000	1,000,000
TOTALFUNDS EMPLOYED			4,402,460	4,299,544

COMPANY BALAN	CE SHEET
31December 2020		Company	Registration	No. 1350864
		Notes	31December	31December
			2020	2019
FIXEDASSETS
Tangible assets Investments		9 10	3,340,886 3,012	2,929,336 3,012
			3,343,898	2,932,348
CURRENT ASSETS
Stocks		11	10,202	10,459
Debtors		12	163,957	149,026
Cash at bank and in hand			1,820,825	1,994,247
			1,994,984	2,153,732
CREDITORS: Amounts	falling due within one year	13	(443,527)	(789,436)
NET CURRENT ASSETS			1,551,457	1,364,296
TOTAL ASSETSLESS	CURRENT LIABILITIES		4,895,355	4,296,644
CREDITORS: Amounts	falling due after more than one year	14	(610,000)	(250,000)
NET ASSETS			4,285,355	4,046,644
FUNDS
Restricted funds		15	1,168,107	972,413
Unrestricted
Called up share capital General income funds		16 17	100 2,117,148	100 2,074,131
Designated funds		17	1,000,000	1,000,000
TOTAL FUNDS EMPLOYED			4,285,355	4,046,644

			2020	2019
Cash flows from operating activities:
Net cash provided by operating activities			636,656	580,461
Cash flows from investing activities:
Interest			5,953	14,241
Proceeds from sale offixed assets
Purchase ofproperty, plant and equipment			(748,520)	(303,725)
Net cash (used in) investing activities			(742,567)	(289,484)
Cash flows from financing activities:
Repayments ofborrowing
Net cash used in financing activities
Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning ofthe reporting period			(105,911) 2,014,356	290,977 1,723,379
Cash and cash equivalents at the end	ofthe reporting	period	1,908,445	2,014,356
Reconciliation ofnet income to net cash flow from
operating activities
Net income for the reporting period statement offinancial activities)	(as per the		102,916	271,530
Adjustments for: Depreciation charges			337,925	319,678
Interest received			(5,953)	(14,241)
Profit on the sale offixed assets
Increase in stocks			10,887	1,593
(Increase)/decrease in debtors			(31,585)	(18,628)
(Decrease) in creditors			222,466	20,529
Net cash provided by operating activities			636,656	580,461
Analysis ofcash and cash equivalents
Cash in hand			1,908,445	2,014,356
Total cash and cash equivalents			1,908,445	2,014,356

Analysis ofchanges in net debt
	At 1 January	Cash flows	At 31
	2020		December
			2020
Cash at bank and in hand	2,014,356	(105,911)	1,908,445
Debt due within one year		40,000	40,000
Debt due after one year	250,000	360,000	610,000
	2,264,356	294,089	2,558,445

			Unrestricted	Unrestricted
			General	Designated	Restricted
			Funds	Funds	Funds	Total Funds
			2019	2019	2019	2019
Income from
Donations and	legacies		8,604		183,633	192,237
Charitable activities			3,293,965		30	3,293,995
Other trading	activities		1,370,802			1,370,802
Investments			14,241			14,241
TOTAL			4,687,612		183,663	4,871,275
EXPENDITURE ON:
Raising Funds			1,196,675			1,196,675
Charitable activities			3,299,945		103,125	3,403,070
TOTAL			4,496,620		103,125	4,599,745
NET
INCOME/(EXPENDITURE)			190,992		80,538	271,530
Transfer between funds
Net movement	in funds		190,992		80,538	271,530
Funds brought	forward	1
January 2018			2,136,139	1,000,000	891,875	4,028,014
Funds carried	forward	31
December 2018			2,327,131	1,000,000	972,413	4,299,544

	DONATIONS	DONATIONS	AND	LEGACIES	Year ended	Year ended
					31 December	31December
					2020	2019
	Unrestricted
	DMBC —Maintenance			Grant	150,000
	DMBC —Covid19 Grant				3,000
	Donations				153,552	8,604
					306,552	8,604
	Restricted
	DMBC —Maintenance			Grant
	Getty Foundation				120,000	150,000
	LEP Grant				300,000
	Govt. Grant	-	JRS		163,607
	Donations and gifts				66,727	33,633
					650,334	183,633
					956,886	192,237
3	INCOME FROM CHARITABLE ACTIVITIES				Year ended	Year ended
					31December	31December
					2020	2019
	Admissions,	season tickets and associated gift aid			2,232,578	2,579,144
	Car park and	other income			274,971	714,851
	Grants
					2,507,549	3,293,995

				Year ended	Year ended
				31 December	31December
				2020	2019
Turnover (Including (2019:K69,024)) Cost ofsales		intercompany	rental income of$56,614	794,347 (625,903)	1,439,826 (1,046,200)
Gross profit				168,444	393,626
Other Income
Administrative	expenses and taxation			(127,440)	(150,475)
Net profit for	the year			41,004	243,151

ANALYSIS OF TOTAL	ANALYSIS OF TOTAL	Raising	Charitable
EXPENDITURE		funds	activities	Total costs
DIRECT COSTS
Direct wages and salaries		82,329	1,495,962	1,578,291
Other direct costs		491,052	30,781	521,833
Animal care			286,319	286,319
Marketing and publicity			136,457	136,457
Utilities		24,744	210,434	235,178
General site maintenance		38,926	261,922	300,848
and security
		637,051	2,421,875	3,058,926
SUPPORT COSTS
Indirect wages and salaries		52,521	309,727	362,248
Depreciation		955	336,970	337,925
Site Development Costs			4,448	4,448
Irrecoverable VAT		6,429	71,539	77,968
Insurance, legal and		37,734	82,385	120,119
professional
Post, print, stationery,	ITand	7,005	56,754	63,759
communications
Other staff costs, finance and
administrative expenses		11,648	68,164	79,469
		116,292	929,987	1,045,936
Totals at 31December	2020	753,343	3,351,862	4,105,205
Totals at 31December	2019	1,196,675	3,403,070	4,599,745

6	NET INCOME/EXPENDITURE	NET INCOME/EXPENDITURE	NET INCOME/EXPENDITURE			Year ended	Year ended
						31December	31December
						2020	2019
	Net income/expenditure	is stated after		charging:
	Operating lease rentals					2,841	3,456
	Auditor's remuneration
	—for audit services					20,873	15,507
	-for non-audit services					4,075	3,000
	Depreciation oftangible	fixed assets				337,925	319,678
7	DIRECTORS AND EMPLOYEES					Year ended	Year ended
						31December	31December
						2020	2019
	Group staff costs including		directors'	emoluments:
	Wages and salaries					1,785,625	1,754,727
	Social security costs					129,779	120,959
	Pension costs					37,805	34,589
						1,953,209	1,910,275
	Average weekly number	ofemployees		including	directors:	Year ended	Year ended
						31December	31 December
						2020	2019
						No.	No.
	Keepers and ground staff					39	39
	Maintenance and gardening					15	13
	Admissions and retail					6	6
	Management, administration		and marketing			15	15
	Education					4	4
	Seasonal staff					27	50
						106	127

DIRECTOR	DIRECTOR	S AND EMPL	OYEES (continued)
FTEincluding		directors:		Year ended	Year ended
				31December	31December
				2020	2019
				No.	No.
Keepers and	ground staff			36	36
Maintenance		and gardening		15	13
Admissions	and retail			6	6
Management,		administration	and marketing	12	12
Education				4	4
Seasonal staff				6	15
				79	86

2019	2019
Number	Number

GROUP		Buildings
		and				Assets
		animal	Service	Fixtures dc		under
		enclosures	areas	ettings	Vehicles	construction	Total
COST
At 1 January 2020		4,452,739	407,155	796,126	89,287	53,800	5,799,107
Additions			3,253	7,992		737,275	748,520
Transfers		685,313				(685,313)
Disposals
At 31December
2020		5,138,052	410,408	804,118	89,287	105,762	6,547,627
DEPRECIATION
At 1 January 2020		1,880,567	281,089	662,488	44,433		2,868,577
Charged	in the	257,664	33,058	34,804	12,399		337,925
period
Disposals
At 31December
2020		2,138,231	314,147	697,292	56,832		3,206,502
NET BOOK VALUE
At 31December		2,999,821	96,261	106,826	32,455	105,762	3,341,125
2020
At 31December
2019		2,572,172	126,066	133,638	44,854	53,800	2,930,530

SOCIETY	Buildings
	and					Assets
	animal	Service	Fixtures	d'c		under
	enclosures	areas	fittings		Vehicles	construction	Total
COST
At 1 January 2020	4,452,739	407,155	573,044		89,287	53800	5,576,025
Additions		3,253	7,992			737,275	748,520
Transfers	685,313					(685,313)
Disposals
At 31December
2020	5,138,052	410,408	581,036		89,287	105,762	6,324,545
DEPRECIATION
At 1 January 2020	1,880,567	281,089	440,600		44,433		2,646,689
Charged in the	257,664	33,058	33,849		12,399		336,970
period
Disposals
At 31December
2020	2,138,231	314,147	474,449		56,832		2,983,659
NET BOOK VALUE
At 31December	2,999,821	96,261	106,587		32,455	105,762	3,340,886
2020
At 31December
2019	2,572,172	126,066	132,444		44,854	53,800	2,929,336
INVESTMENTS
SOCIETY						2020	2019
Cost ofinvestments —1	January and 31December					3,012	3,012

11	STOCKS				Group		Society
				2020		2019	2020	2019
	Food stuffs, materials		and
	consumables			10,202		10,459	10,202	10,459
	Goods for sale			67,867		78,498
				78,069		88,957	10,202	10,459
12	DEBTORS				Group		Society
				2020		2019	2020	2019
	Trade debtors			3,786		8,681	1,896	5,718
	Other debtors						1,673
	Amounts due undertakings Prepayments	from group and accrued income		163,659		127,1&0	160,388	33,633 109,675
				167,445		135,861	163,957	149,026

13	CREDITORS: Amounts	CREDITORS: Amounts	falling
	due within one year				Group			Society
				2020		2019	2020		2019
	Trade creditors			261,953		357,543	225,942		262,398
	DMBC Loan			40,000			40,000
	Other taxation and social		security	35,381		62,822	32,504		30,304
	Other creditors			11,983		11,599	11,503		11,359
	Accruals			133,308		183,738	93,820		123,495
	Corporation Tax Payable
	Short term Finance Obligation					4,458			4,458
	Amount due to group undertakings						39,758		354,422
				482,625		620,160	443,527		789,436
14	CREDITORS: Amounts		falling
	due in more than one year				Group			Society
				2020		2019	2020		2019
	Dudley Metropolitan	Borough
	Council
	Long term loan			250,000		250,000	250,000		250,000
	DMBC Loan			360,000			360,000
	Total			610,000		250,000	610,000		250,000

RESTRICTED FUNDS
		Balance 1				Balance 31
		January	Incoming	Resources	Transfers	December
		2020	resources	expended		2020
GROUP AND SOCIETY
Donation for orangutan enclosure		10,669		(9,675)		994
Donations for animal feed	from the		66,727	(66,727)
Dudley Zoo Development	Trust
Heritage lottery fund: Chairlift Project		48,072		(6,072)		42,000
Tectons Project Tecton Entrance k, Shop Tecton Introductory Exhib.		184,867 8,536		(12,394) (589)		172,473 7,947
Bear Ravine		215,704		(13,916)		201,788
European Regional Development
Fund:
Harry Hatch's Cottage Castle Visitor Centre		87,046 232,294		(5,969) (13,275)		81,077 219,019
Sculptures Fencing at Entrance Glass Panels at Entrance		16,250 16,018 6,927		(1,500) (1,467) (635)		14,750 14,551 6,292
Castle Maintenance Grant		146,030			(146,030)
Getty Foundation Project LEP Grant			120,000 300,000	(4,448) (8,336)		115,552 291,664
Govt. Grant - JRS			163,607	(163,607)
		972,413	650,334	(308,610)	(146,030)	1,168,107

for th	e year ended 31 December 2020
16	CALLED UP SHARE CAPITAL		Allotted
		Authorised	and fully
	GROUP AND SOCIETY		paid
	At 31December 2019and 31December 2020
	100ordinary shares ofKl each	100	100

UNRESTRICTED FUNDS	UNRESTRICTED FUNDS	UNRESTRICTED FUNDS		Balance 1			Balance 31
				January	(Deficit) in		December
GROUP				2020	year	Transfers	2020
General income		funds		2,327,031	(238,808)	146,030	2,234,253
Designated	reserve			1,000,000			1,000,000
				3,327,031	(238,808)	146,030	3,234,253
				Balance 1			Balance 31
				January	(Deficit) in		December
SOCIETY				2020	year	Transfers	2020
General income		funds		2,077,131	(106,013)	146,030	2,117,148
Designated	reserve			1,000,000			1,000,000
				3,077,131	(106,013)	146,030	3,117,148
The designated		reserve isto cover:
—Emergency funds for unexpected -Capital projects			events	300,000 700,000			300,000 700,000
				1,000,000			1,000,000

NET ASSETSBYFUNDS	NET ASSETSBYFUNDS	Unrestricted	Restricted	Total
GROUP
Funds are represented	by:
Fixed assets		2,173,018	1,16&,107	3,341,125
Current assets		2,153,960		2,153,960
Current liabilities		(482,625)		(482,625)
Long term liabilities		(610,000)		(610,000)
		3,234,353	1,168,107	4,402,460
SOCIETY
Funds are represented	by:
Fixed assets		2,172,779	1,168,107	3,340,886
Current assets		2,095,344		2,095,344
Current liabilities		(540,875)		(540,875)
Long term liabilities		(610,000)		(610,000)
		3,117,248	1,168,107	4,285,355

payments to the end ofthe lease ter	m.
	2020		2019
	Land and	2020	Land and	2019
	Buildings	Other	Buildings	Other
Payable:
In less than one year	100		100	954
In two to five years	400		400
In more than five years	5,480		5,580
	5,980		6,080	954