2021-12-31-accounts - Dudley And West Midlands Zoological Society Limited

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MEMBERS OF THE BOARD	MEMBERS OF THE BOARD
Appointed	members	PJSilver
		D H Sparks OBE
		PJTart
		JWebb
		A J Taylor
		SKVincent
Nominated	members	M J Evans
		D IA Vickers	(deceased 7'"	Feb 2022)
		LTaylor-Childs	(appointed	16'"Feb 2022)
Co-opted	members	KFuller
		S Woollard
		P I Loveday
Zoo Director		D A Grove
Zoo Manager		M RLewis
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	28-45

			Unrestricted	Unrestricted		Total	Total
			funds	funds	Restricted	funds	funds
			General	Designated	funds	2021	2020
		Notes
INCOME FROM:
Donations and Legacies		2	590,245		687,823	1,278,068	956,886
Charitable Activities		3	3,604,381			3,604,381	2,507,549
Other trading activities		4	1,185,261			1,185,261	737,733
Investments			1,276			1,276	5,953
TOTAL			5@81,163		687,823	6,068,986	4408,121
EXPENDITURE ON:
Raising Funds		5	1,033,351			1,033,351	753,343
Charitable Activities		5	2,523,607		831,259	3,354,866	3,351,862
TOTAL		5	3,556,958		831/59	4PSS,217	4,105,205
NET INCOME/(EXPENDITURE)		6	1,824,205		(143,436)	1,680,769	102,916
Transfers between funds		15	(500,000)	500,000
Net movement in funds			1,324,205	500,000	(143,436)	1,680,769	102,916
Fund balances brought	forward at
I January 2021			2,234,253	1,000,000	1,168,107	4,402,360	4,299,544
Fund balances carried forward at
31December 2021		15/17	3,558,458	1,500,000	1,024,671	6,083,129	4,402@60

		Notes	31December	31 December
			2021	2020
FIXEDASSETS
Tangible assets		9	3,301,595	3,341,125
CURRENT ASSETS
Stocks		11	102,352	78,070
Debtors		12	154,218	167,445
Cash at bank and in hand			3,692,519	1,908,445
			3,949,089	2,153,960
CREDITORS: Amounts	falling due within one year	13	(597,455)	(482,625)
NET CURRENT ASSETS			3,351,634	1,671,335
TOTAL ASSETSLESS	CURRENT LIABILITIES		6,653,229	5,012,460
CREDITORS: Amounts	falling due after more than one year	14	(570,000)	(610,000)
NET ASSETS			6,083,229	4,402,460
FUNDS
Restricted funds		15	1,024,671	1,168,107
Unrestricted funds
Called up share capital		16	100	100
General income funds		17	3,558,458	2,234,253
Designated funds		17	1,500,000	1,000,000
TOTAL FUNDS EMPLOYED			6,083,229	4,402,460

		Notes	31December	31 December
			2021	2020
FIXEDASSETS
Tangible assets		9	3,301,595	3,340,886
Investments		10	3,012	3,012
			3,304,607	3,343,898
CURRENT ASSETS
Stocks		11	10,234	10,202
Debtors		12	116,693	163,957
Cash at bank and in hand			3,599,115	1,820,825
			3,726,042	1,994,984
CREDITORS: Amounts	falling due within one year	13	(453,668)	(443,527)
NET CURRENT ASSETS			3,272,374	1,551,457
TOTAL ASSETS LESS	CURRENT LIABILITIES		6,576,981	4,895,355
CREDITORS: Amounts	falling due after more than one year	14	(570,000)	(610,000)
NET ASSETS			6,006,981	4,285,355
FUNDS
Restricted funds		15	1,024,671	1,168,107
Unrestricted
Called up share capital		16	100	100
General income funds		17	3,482,210	2,117,148
Designated funds		17	1,500,000	1,000,000
TOTAL FUNDS EMPLOYED			6,006,981	4,285,355

				2021	2020
Cash flows from operating activities:
Net cash provided by operating activities				2,096,398	636,656
Cash flows from investing activities:
Interest				1,276	5,953
Proceeds from sale offixed assets
Purchase ofproperty, plant and equipment				(313,600)	(748,520)
Net cash (used in) investing activities				(312,324)	(742,567)
Cash flows from financing activities:
Repayments ofborrowing
Net cash used in financing activities
Change in cash and cash equivalents	in the reporting	period		1,784,074	(105,911)
Cash and cash equivalents at the beginning ofthe reporting			period	1,908,445	2,014,356
Cash and cash equivalents at the end	ofthe reporting	period		3,692,519	1,908,445
Reconciliation ofnet income to net cash flow from
operating activities
Net income for the reporting period	(as per the
statement offinancial activities)				1,680,769	102,916
Adjustments for:
Depreciation charges				353,130	337,925
Interest received				(1,276)	(5,953)
Profit on the sale offixed assets
Increase in stocks				(24,282)	10,887
(Increase)/decrease in debtors				13,227	(31,585)
(Decrease) in creditors				74,830	222,466
Net cash provided by operating activities				2,096,398	636,656
Analysis ofcash and cash equivalents
Cash in hand				3,692,519	1,908,445
Total cash and cash equivalents				3,692,519	1,908,445

Analysis ofchanges	in net debt
		At 1 January	Cash flows	At 31
		2021		December
				2021
Cash at bank and in	hand	1,908,445	1,784,074	3,692,519
Debt due within one	year	40,000		40,000
Debt due after one year		610,000	(40,000)	570,000
		2,558,445	1,744,074	4,302,519

				Unrestricted	Unrestricted
				General	Designated	Restricted
				Funds	Funds	Funds	Total Funds
				2020	2020	2020	2020
Income from
Donations and	legacies			306,552		650,334	956,886
Charitable activities				2,507,549			2,507,549
Other trading	activities			737,733			737733
Investments				5,953			5,953
TOTAL				3,557,787		650,334	4,208,121
EXPENDITURE		ON:
Raising Funds				753,343			753,343
Charitable activities				3,043,252		308,610	3,351,862
TOTAL				3,796,595		308,610	4,105,205
NET
INCOME/(EXPENDITURE)				(238,808)		341,724	102,916
Transfer between		funds		146,030		(146,030)
Net movement	in	funds		(92,778)		195,694	102,916
Funds brought	forward		1
January 2020				2,327,03 1	1,000,000	972,413	4,299,444
Funds carried	forward		31
December 2020				2,234,253	1,000,000	1,168,107	4,402,360

DONATIONS	AND	LEGACIES	Year ended	Year ended
			31 December	31December
			2021	2020
Unrestricted
DMBC —Maintenance		Grant	150,000	150,000
DMBC —Covid19 Grant			386,750	3,000
Donations			53,495	153,552
			590,245	306,552
Restricted
Getty Foundation				120,000
Defra Zoo Fund			505,366
LEP Grant				300,000
Govt. Grant —JRS			119,070	163,607
Apprenticeship	Fund		5,000
Donations and	gifts		58,387	66,727
			687,823	650,334
			1,278,068	956,886

INCOME FROM CHARITABLE ACTIVITIES	INCOME FROM CHARITABLE ACTIVITIES	Year ended	Year ended
		31December	31December
		2021	2020
Admissions,	season tickets and associated gift aid	2,938,577	2,232,578
Car park and	other income	665,803	274,971
		3,604,380	2,507,549

or the zoo site	.
					Year ended	Year ended
					31December	31 December
					2021	2020
Turnover (Including		intercompany		rental income ofF117,717
(2020:X56,614)					1,302,978	794,347
Cost ofsales					(905,740)	(625,903)
Gross profit					397,238	168,444
Administrative	expenses		and taxation		(127,611)	(127,440)
Net profit for	the year				269,627	41,004

ANALYSIS OF TOTAL	ANALYSIS OF TOTAL	Raising	Charitable
EXPENDITURE		funds	activities	Total
				costs
DIRECT COSTS
Direct wages and salaries		94,566	1,461,496	1,556,062
Other direct costs		764,760	17,730	782,490
Animal care			340,071	340,071
Marketing and publicity			68,815	68,815
Utilities		24,113	206,644	230,757
General site maintenance		44,943	237,073	282,016
and security
		928,382	2,331,829	3,260,211
SUPPORT COSTS
Indirect wages and salaries		46,414	304,749	351,163
Depreciation		239	352,891	353,130
Site Development Costs			83,025	83,025
Irrecoverable VAT		6,722	72,484	79,206
Insurance, legal and		29,647	67,804	97,451
professional
Post, print, stationery,	ITand	7,523	64,804	72,327
communications
Other staff costs, finance and
administrative expenses		14,424	77,280	91,704
		104,969	1,023,037	1,128,006
Totals at 31 December	2021	1,033,351	3,354,866	4,388,217
Totals at 31 December	2020	753,343	3,351,862	4,105,205

6	NET INCOME/EXPENDITURE	NET INCOME/EXPENDITURE	NET INCOME/EXPENDITURE			Year ended	Year ended
						31 December	31 December
						2021	2020
	Net income/expenditure	is stated after		charging:
	Operating lease rentals					3,157	2,841
	Auditor's remuneration
	-for audit services					18,701	20,873
	-for non-audit services					5,250	4,075
	Depreciation oftangible	fixed assets				353,130	337,925
7	DIRECTORS AND EMPLOYEES					Year ended	Year ended
						31 December	31 December
						2021	2020
	Group staff costs including		directors'	emoluments:
	Wages and salaries					1,749,228	1,785,625
	Social security costs					125,204	129,779
	Pension costs					37,175	37,805
						1,911,607	1,953,209
	Average weekly number	ofemployees		including	directors:	Year ended	Year ended
						31 December	31 December
						2021	2020
						No.	No.
	Keepers and ground staff					41	39
	Maintenance and gardening					15	15
	Admissions and retail					7	6
	Management, administration		and marketing			14	15
	Education					2	4
	Seasonal staff					29	27
						108	106

DIRECTORS	DIRECTORS	AND EMPL	OYEES (continued)
FTE including		directors:		Year ended	Year ended
				31December	31 December
				2021	2020
				No.	No.
Keepers and	ground staff			39	36
Maintenance		and gardening		14	15
Admissions	and retail			6	6
Management,		administration	and marketing	12	12
Education				2	4
Seasonal staff				8	6
				81

2021	2020
Number	Number

GROUP		Buildings
		and				Assets
		animal	Service	Fixtures d'c		under
		enclosures	areas	fittings	Vehicles	construction	Total
COST
At 1 January 2021		5,138,052	410,408	804,118	89,287	105,762	6,547,627
Additions			3,900	12,617		297,083	313,600
Transfers		92,076				(92,076)
Disposals
At 31December
2021		5,230,128	414,308	816,735	89,287	310,769	6,861,227
DEPRECIATION
At 1 January 2021		2,138,231	314,147	697,292	56,832		3,206,502
Charged	in the	279,055	27,831	33,979	12,265		353,130
period
Disposals
At 31 December
2021		2,417,286	341,978	731,271	69,097		3,559,632
NET BOOK VALUE
At 31December		2,812,842	72,330	85,464	20,190	310,769	3,301,595
2021
At 31December
2020		2,999,821	96,261	106,826	32,455	105,762	3,341,125

SOCIETY		Buildings
		and					Assets
		animal	Service	Fixtures	d'c		under
		enclosures	areas	fittings		Vehicles	construction	Total
COST
At 1 January 2021		5,138,052	410,408	581,036		89,287	105,762	6,324,545
Additions			3,900	12,617			297,083	313,600
Transfers		92,076					(92,076)
Disposals
At 31 December
2021		5,230,128	414,308	593,653		89,287	310,769	6,638,145
DEPRECIATION
At I January 2021		2,138,231	314,147	474,449		56,832		2,983,659
Charged in the		279,055	27,831	33,740		12,265		352,891
period
Disposals
At 31December
2021		2,417,286	341,978	508,189		69,097		3,336,550
NET BOOK VALUE
At 31December		2,812,842	72,330	85,464		20,190	310,769	3,301,595
2021
At 31December
2020		2,999,821	96,261	106,587		32,455	105,762	3,340,886
INVESTMENTS
SOCIETY							2021	2020
Cost ofinvestments	—1	January and 31December					3,012	3,012

11	STOCKS				Group		Society
				2021		2020	2021	2020
	Food stuffs, materials		and
	consumables			10,234		10,202	10,234	10,202
	Goods for sale			92,118		67,867
				102,352		78,069	10,234	10,202
12	DEBTORS				Group		Society
				2021		2020	2021	2020
	Trade debtors			30,833		3,786	1,584	1,896
	Other debtors			669			8,987	1,673
	Amounts due	from group
	undertakings
	Prepayments	and accrued income		122,716		163,659	106,122	160,388
				154,218		167,445	116,693	163,957

13	CREDITORS: Amounts	CREDITORS: Amounts	falling
	due within one year				Group			Society
				2021		2020	2021		2020
	Trade creditors			262,755		261,953	204,363		225,942
	DMBC Loan			40,000		40,000	40,000		40,000
	Other taxation and social		security	38,801		35,381	31,177		32,504
	Other creditors			11,934		11,983	11,694		11,503
	Accruals			243,965		133,308	101,665		93,820
	Corporation Tax Payable
	Amount due to group	undertakings					64,769		39,758
				597,455		482,625	453,668		443,527
14	CREDITORS: Amounts		falling
	due in more than one	year			Group			Society
				2021		2020	2021		2020
	Dudley Metropolitan	Borough
	Council
	Long term loan			250,000		250,000	250,000		250,000
	DMBC Loan			320,000		360,000	320,000		360,000
	Total			570,000		610,000	570,000		610,000

RESTRICTED FUNDS
			Balance 1				Balance 31
			January	Incoming	Resources	Transfers	December
			2021	resources	expended		2021
GROUP AND SOCIETY
Donation for orangutan	enclosure		994		(994)
Donations for animal feed		from the		58,387	(58,387)
Dudley Zoo Development		Trust
Heritage lottery fund:
Chairlift Project			42,000		(6,072)		35,928
Tecton Entrance k, Shop			172,473		(12,394)		160,079
Tecton Introductory Exhib.			7,947		(589)		7,358
Bear Ravine			201,788		(13,916)		187,872
European Regional Development
Fund:
Harry Hatch's Cottage			81,077		(5,969)		75,108
Castle Visitor Centre			219,019		(13,275)		205,744
Sculptures			14,750		(1,500)		13,250
Fencing at Entrance			14,551		(1,467)		13,084
Glass Panels at Entrance			6,292		(635)		5,657
Getty Foundation Project			115,552		(66,625)		48,927
LEP Grant			291,664		(20,000)		271,664
Defra Zoo Fund				505,366	(505,366)
Apprenticeship Fund				5,000	(5,000)
Govt. Grant —JRS				119,070	(119,070)
			1,168,107	687,823	(831,259)		1,024,671

RESTRICTED FUNDS	—2020	—2020
				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				184,867		(12,394)		172,473
Tecton Introductory Exhib.				8,536		(589)		7,947
Bear Ravine				215,704		(13,916)		201,788
European Regional Development			Fund:
Harry Hatch's Cottage				87,046		(5,969)		81,077
Castle Visitor Centre				232,294		(13,275)		219,019
Sculptures				16,250		(1,500)		14,750
Fencing at Entrance				16,018		(1,467)		14,551
Glass Panels at Entrance				6,927		(635)		6,292
Castle Maintenance Grant				146,030			(146,030)
Getty Foundation Project					120,000	(4,448)		115,552
LEP Grant					300,000	(8,336)		291,664
Govt. Grant - JRS					163,607	(163,607)
				972,413	650,334	(308,610)	(146,030)	1,168,107

CALLED UP SHARE CAPITAL		Allotted
	Authorised	and fully
GROUP AND SOCIETY		paid
At 31 December 2020 and 31December 2021
100ordinary shares of$1 each	100	100

UNRESTRICTED FUNDS	UNRESTRICTED FUNDS	UNRESTRICTED FUNDS		Balance 1			Balance 31
				January	(Deficit) in		December
GROUP				2021	year	Transfers	2021
General income		funds		2,234,253	1,824,205	(500,000)	3,558,458
Designated	reserve			1,000,000		500,000	1,500,000
				3,234,253	1,824,205		5,058,458
				Balance 1			Balance 31
				January	(Deficit) in		December
SOCIETY				2021	year	Transfers	2021
General income		funds		2,117,148	1,865,062	(500,000)	3,482,210
Designated	reserve			1,000,000		500,000	1,500,000
				3,117,148	1,865,062		4,982,210
The designated		reserve is to cover:
—Emergency	funds for unexpected		events	300,000			300,000
-Capital projects				700,000			1,200,000
				1,000,000			1,500,000

UNRESTRICTED FUNDS	UNRESTRICTED FUNDS	UNRESTRICTED FUNDS	—2020		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 is to	cover:
-Emergency	funds for unexpected			events	300,000			300,000
-Capital projects					700,000			700,000
					1,000,000			1,000,000

NET ASSETSBYFUNDS	NET ASSETSBYFUNDS	- 2021	Unrestricted	Restricted	Total
GROUP
Funds are represented	by:
Fixed assets			2,276,924	1,024,671	3,301,595
Current assets			3,949,089		3,949,089
Current liabilities			(597,455)		(597,455)
Long term liabilities			(570,000)		(570,000)
			5,058,558	1,024,671	6,083,229
SOCIETY
Funds are represented	by:
Fixed assets			2,279,936	1,024,671	3,304,607
Current assets			3,726,042		3,726,042
Current liabilities			(453,668)		(453,668)
Long term liabilities			(570,000)		(570,000)
			4,982,310	1,024,671	6,006,981
NET ASSETSBYFUNDS		—2020	Unrestricted	Restricted	Total
GROUP
Funds are represented	by:
Fixed assets			2,173,018	1,168,107	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

Financial	commitments	non-cancellable	operating	in the following
payments	to the end ofthe lease	term.
			2021	2020
			Land and	Land and
			Buildings	Buildings
Payable:
In less than one year			200	100
In two to	five years		800	400
In more than five years			10,960	5,480
			11,960	5,980