##
|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|
|5|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|
##
|18|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|
##
##
##
##
##
##