|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|
##
##
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##
||||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|
##
|2|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|
|5|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|
##
|15|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|
##
##
##
##
##
##
##
##
##
##
##
##
##
|16|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|
|17|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|
|18|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|
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|Financial|commitments|under|non-cancellable|operating|leases|will|result|in the following|total|
|---|---|---|---|---|---|---|---|---|---|
|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||
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