2022-12-31-accounts - Dudley And West Midlands Zoological Society Limited

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Appointed	members	PJSilver
		D H Sparks OBE
		PJTart
		JWebb (resigned		12'" Jan 2023)
		AJTaylor
		S K Vincent
Nominated	members	MJEvans
		D IA Vickers	(deceased 7"' Feb 2022)
		L Taylor-Childs	(appointed			16~Feb 2022, removed	16'"Dec 2022)
		A Taylor (appointed			16'"Dec 2022)
Co-opted	members	K Fuller
		SWoollard
		P ILoveday
Zoo Director		DA Grove
Zoo Manager		M RLewis
Finance Manager		JD Ashfield

		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	2022	2021
			Notes
INCOME FROM:
Donations and Legacies			2	39,497		256,304	295,801	1,278,068
Charitable Activities			3	3,833,860			3,833,860	3,604,381
Other trading activities			4	1,675,828			1,675,828	1,185,261
Investments				23,151			23,151	1,276
TOTAL				5,572,336		256,304	5,828,640	6,068,986
EXPENDITURE ON:
Raising Funds			5	1,371,412			1,371,412	1,033,351
Charitable Activities			5	3,817,697		237,722	4,055,419	3,354,866
TOTAL			5	5,189,109		237.722	5,426,831	4,388,217
NET INCOME/(EXPENDITURE)			6	383,227		18,582	401,809	1,680,769
Transfers between funds			15
Net movement in funds				383,227		18,582	401,809	1,680,769
Fund balances brought	forward	at
I January 2022				3,558,458	1,500,000	1,024,671	6,083,129	4,402,360
Fund balances carried forward		at
31December 2022			15/17	3,941,685	1,500,000	1,043,253	6,484,938	6,083,129

		Notes	31 December	31December
			2022	2021
FIXEDASSETS
Tangible assets		9	3,631,421	3,301,595
CURRENT ASSETS
Stocks		11	99,061	102,352
Debtors		12	215,948	154,218
Cash at bank and in hand			3,752,887	3,692,519
			4,067,896	3,949,089
CREDITORS: Amounts	falling due within one year	13	(684,279)	(597,455)
NET CURRENT ASSETS			3,383,617	3,351,634
TOTAL ASSETSLESS	CURRENT LIABILITIES		7,015,038	6,653,229
CREDITORS: Amounts	falling due after more than one year	14	(530,000)	(570,000)
NET ASSETS			6,485,038	6,083,229
FUNDS
Restricted funds		15	1,043,253	1,024,671
Unrestricted funds
Called up share capital		16	100	100
General income funds		17	3,941,685	3,558,458
Designated funds		17	1,500,000	1,500,000
TOTAL FUNDS EMPLOYED			6,485,038	6,083,229

		Notes	31 December	31 December
			2022	2021
FIXEDASSETS
Tangible assets		9	3,631,421	3,301,595
Investments		10	3,012	3,012
			3,634,433	3,304,607
CURRENT ASSETS
Stocks		11	14,290	10,234
Debtors		12	210,228	116,693
Cash at bank and in hand			3,701,584	3,599,115
			3,926,102	3,726,042
CREDITORS: Amounts	falling due within one year	13	(556,930)	(453,668)
NET CURRENT ASSETS			3,369,172	3,272,374
TOTAL ASSETSLESS	CURRENT LIABILITIES		7,003,605	6,576,981
CREDITORS: Amounts	falling due after more than one year	14	(530,000)	(570,000)
NET ASSETS			6,473,605	6,006,981
FUNDS
Restricted funds		15	1,043,253	1,024,671
Unrestricted
Called up share capital		16	100	100
General income funds		17	3,930,252	3,482,210
Designated funds		17	1,500,000	1,500,000
TOTAL FUNDS EMPLOYED			6,473,605	6,006,981

					2022	2021
Cash flows from operating	activities:
Net cash provided by operating activities					759,644	2,136,398
Cash flows from investing	activities:
Interest					23,151	1,276
Proceeds from sale offixed	assets
Purchase ofproperty, plant and equipment					(682,427)	(313,600)
Net cash (used in) investing	activities				(659,276)	(312,324)
Cash flows from financing	activities:
Repayments ofborrowing					(40,000)	(40,000)
Net cash (used in) financing	activities				(40,000)	(40,000)
Change in cash and cash equivalents		in the reporting	period		60,368	1,784,074
Cash and cash equivalents at	the beginning ofthe reporting			period	3,692,519	1,908,445
Cash and cash equivalents	at the end	ofthe reporting	period		3,752,887	3,692,519
Reconciliation ofnet income to net cash flow from
operating activities
Net income for the reporting period (as per the
statement offinancial activities)					401,809	1,680,769
Adjustments for:
Depreciation charges					352,601	353,130
Interest received					(23,151)	(1,276)
Profit on the sale offixed assets
Increase in stocks					3,291	(24,282)
(Increase)/decrease in debtors					(61,730)	13,227
(Decrease) in creditors					86,824	114,830
Net cash provided by operating activities					759,644	2,136,398
Analysis ofcash and cash equivalents
Cash in hand					3,752,887	3,692,519
Total cash and cash equivalents					3,752,887	3,692,519

Analysis ofchanges in net debt
	At 1 January	Cash flows	At 31
	2022		December
			2022
Cash at bank and in hand	3,692,519	60,368	3,752,887
Debt due within one year	40„000		40,000
Debt due after one year	570,000	(40,000)	530,000
	4,302,519	20,368	4,322,887

				Unrestricted	Unrestricted
				General	Designated	Restricted
				Funds	Funds	Funds	Total Funds
				2021	2021	2021	2021
Income from
Donations and	legacies			590,245		687,823	1,278,068
Charitable activities				3,604,381			3,604,381
Other trading	activities			1,185,261			1,185,261
Investments				1,276			1,276
TOTAL				5,3S1,163		687,823	6,068,9S6
EXPENDITURE		ON:
Raising Funds				1,033,351			1,033,351
Charitable activities				2,523,607		831,259	3,354,866
TOTAL				3,556,95S		S31,259	4,3SS,217
NET
INCOME/(EXPENDITURE)				1,824,205		(143,436)	1,680,769
Transfer between		funds		(500,000)	500,000
Net movement	in	funds		1,324,205	500,000	(143,436)	1,680,769
Funds brought	forward		1
January 2021				2,234,253	1,000,000	1,168,107	4,402,360
Funds carried forward 31
December 2021				3,55S,45S	1,500,000	1,024,671	6,083,129

2	DONATIONS AND	LEGACIES	Year ended	Year ended
			31December	31December
			2022	2021
	Unrestricted
	DMBC —Maintenance	Grant		150,000
	DMBC —Covid19 Grant Donations		6,000 ~3.~	386,750
			39,497	590,245
	Restricted
	DMBC —Maintenance	Grant	150,000
	Defra Zoo Fund			505,366
	LEP Grant		56,917
	Govt. Grant - JRS			119,070
	Apprenticeship Fund		4,500	5,000
	Donations and gifts		44,887	58,387
			256,304	687,823
			295,801	1,278,068
3	INCOME FROM CHARITABLE ACTIVITIES		Year ended	Year ended
			31December	31 December
			2022	2021
	Admissions, season tickets and associated gift aid		3,160,539	2„938,577
	Car park and other income		673,321	665,803
			3,833,860	3,604,380

The Society has	a wholly	owned	trading subsidiary,	trading subsidiary,	Zoo Services Limited	Zoo Services Limited	(Company
number 1350863),which		is incorporated		in the UK. The principal		activity ofthis company is that
ofproviding and	operating	gift shops	and	related activities, and	contracted catering service facilities
for the zoo site.
						Year ended	Year ended
						31 December	31 December
						2022	2021
Turnover (Including intercompany			rental	income ofK149,004
(2021:XI17,717)						1,824,832	1,302,978
Cost ofsales						(1,192,010)	(905,740)
Gross profit						632,822	397,238
Administrative	expenses	and taxation				(179,402)	(127,611)
Net profit for the year						453,420	269,627

ANALYSIS QF TOTAL	ANALYSIS QF TOTAL	Raising	Charitable
EXPENDITURE		funds	activities	Total
				costs
DIRECT COSTS
Direct wages and salaries		113,228	1,741,948	1,855,176
Other direct costs		1,020,858	59,952	1,080,810
Animal care			393,458	393,458
Marketing and publicity			121,156	121,156
Utilities		43,489	249,202	292,691
General site maintenance		65,575	315,148	380,723
and security
		1,243,150	2,880,864	4,124,014
SUPPORT COSTS
Indirect wages and salaries		57,925	355,409	413,334
Depreciation			352,601	352,601
Site Development Costs			129,479	129,479
Irrecoverable VAT		7,611	74,009	81,620
Insurance, legal and		35,024	86,242	121,266
professional
Post, print, stationery,	ITand	8,487	77,703	86,190
communications
Other staff costs, finance and
administrative expenses		19,215	99,112	118,327
		128,262	1,174,555	1,302,817
Totals at 31December	2022	1,371,412	4,055,419	5,426,831
Totals at 31December	2021	1,033,351	3,354,866	4,388,217

6	NET INCOME/EXPENDITURE	NET INCOME/EXPENDITURE	NET INCOME/EXPENDITURE			Year ended	Year ended
						31December	31 December
						2022	2021
	Net income/expenditure	is	stated after charging:
	Operating lease rentals					3,157	3,157
	Auditor's remuneration
	- for audit services					19,999	18,701
	- for non-audit services					1,400	5,250
	Depreciation oftangible	fixed assets				352,601	353,131
7	DIRECTORS AND EMPLOYEES					Year ended	Year ended
						31December	31 December
						2022	2021
	Group staff costs including		directors'	emoluments:
	Wages and salaries					2,069,473	1,749,228
	Social security costs					156,592	125,204
	Pension costs					42,445	37,175
						2,268,510	1,911,607
	Average weekly number	of	employees	including	directors:	Year ended	Year ended
						31December	31 December
						2022	2021
						No.	No.
	Keepers and ground staff					46	41
	Maintenance and gardening					15	15
	Admissions and retail					7	7
	Management, administration		and marketing			14	14
	Education					3	2
	Seasonal staff					36	29
						121	108

FTEincluding	FTEincluding	directors:		Year ended	Year ended
				31 December	31 December
				2022	2021
				No.	No.
Keepers and	ground staff			41	39
Maintenance		and gardening		15	14
Admissions	and retail			6	6
Management,		administration	and marketing	12	12
Education				3	2
Seasonal staff				12	8
				89	81

2022	2021
Number	Number

GROUP		Buildings
		and				Assets
		animal	Service	Fixtures &		under
		enclosures	areas	fittings	Vehicles	construction	Total
COST
At I January 2022		5,230,128	414,308	816,735	89,287	310,769	6,861,227
Additions			9,383	33,847	10,500	628,697	682,427
Transfers		661,704				(661,704)
Disposals					(3,300)		(3,300)
At 31 December
2022		5,891,832	423,691	850,582	96,487	277,762	7,540,354
DEPRECIATION
At 1 January 2022		2,417,286	341,978	731,271	69,097		3,559,632
Charged	in the	280,235	26,002	34,123	12,241		352,601
period
Disposals					(3,300)		(3,300)
At 31December
2022		2,697,521	367,980	765,394	78,038		3,908,933
NET BOOK VALUE
At 31December		3,194,311	55,711	85,188	18,449	277,762	3,631,421
2022
At 31December
2021		2,812,842	72,330	85,464	20,190	310,769	3,301,595


	TANGIBLE ASSE	TS	(continued)
	SOCIETY		Buildings
			and				Assets
			animal	Service	Fixtures 4		under
			enclosures	areas	fittings	Vehicles	construction	Total
	COST
	At 1 January 2022		5,230,128	414,308	593,653	89,287	310,769	6,638,145
	Additions			9,383	33,847	10,500	628,697	682,427
	Transfers		661,704				(661,704)
	Disposals					(3,300)		(3,300)
	At 31December
	2022		5,891,832	423,691	627,500	96,487	277,762	7,317,272
	DEPRECIATION
	At 1 January 2022		2,417,286	341,978	508,189	69,097		3,336,550
	Charged in the		280,235	26,002	34,123	12,241		352,601
	period
	Disposals					(3,300)		(3,300)
	At 31 December
	2022		2,697,521	367,980	542,312	78,038		3,685,851
	NET BOOK VALUE
	At 31December		3,194,311	55,711	85,188	18,449	277,762	3,631,421
	2022
	At 31December
	2021		2,812,842	72,330	85„464	20,190	310,769	3,301,595
10	INVESTMENTS
	SOCIETY						2022	2021
	Cost ofinvestments	—1	January and 31December				3,012	3,012

11	STOCKS				Group			Society
				2022		2021	2022		2021
	Food stuffs,	materials	and
	consumables			14,290		10,234	14,290		10,234
	Goods for sale			84,771		92,118
				99,061		102,352	14,290		10,234
12	DEBTORS				Group			Society
				2022		2021	2022		2021
	Trade debtors			34,369		30,833	3,415		1,584
	Other debtors			3,441		669	33,104		8,987
	Amounts due	from group
	undertakings
	Prepayments	and accrued income		178,138		122,716	173,709		106,122
				215,948		154,218	210,228		116,693

13	CREDITORS: Amounts	CREDITORS: Amounts	falling
	due within one year				Group		Society
				2022		202]	2022	2021
	Trade creditors			407,840		262,755	296,081	204,363
	DMBC Loan			40,000		40,000	40,000	40,000
	Other taxation and social		security	51,606		38,801	35,197	31,177
	Other creditors			12,748		11,934	12,508	11,694
	Accruals			172,085		243,965	116,347	101,665
	Corporation Tax Payable
	Amount due to group	undertakings					56,797	64,769
				684,279		597,455	556,930	453,668
14	CREDITORS: Amounts		falling
	due in more than one	year			Group		Society
				2022		2021	2022	2021
	Dudley Metropolitan	Borough
	Council
	Long term loan			250,000		250,000	250,000	250,000
	DMBC Loan			280,000		320,000	280,000	320,000
	Total			530,000		570,000	530,000	570,000

RESTRICTED FUNDS
			Balance I				Balance 31
			January	Incoming	Resources	Transfers	December
			2022	resources	expended		2022
GROUP AND SOCIETY
Donations for animal feed		from the		44,887	(44,887)
Dudley Zoo Development		Trust
Heritage lottery fund:
Chairli ftProject			35,928		(6,072)		29,856
Tecton Entrance 8c Shop			160,079		(12,394)		147,685
Tecton Introductory Exhibit.			7,358		(589)		6,769
Bear Ravine			187,872		(13,916)		173,956
European Regional Development
Fund:
Harry Hatch's Cottage			75,108		(5,969)		69,139
Castle Visitor Centre			205,744		(13,275)		192,469
Sculptures			13,250		(1,500)		11,750
Fencing at Entrance			13,084		(1,467)		11,617
Glass Panels at Entrance			5,657		(635)		5,022
Getty Foundation Project			48,927		(48,927)
LEP Grant			271,664		(20,000)		251,664
Apprenticeship Fund				4,500	(4,500)
LEP Visitor &Education	Centre			56,917	(56,917)
Castle Maintenance Grant				150,000	(6,674)		143,326
			1,024,671	256,304	(237,722)		1,043,253

CALLED UP SHARE CAPITAL		Allotted
	Authorised	and fully
GROUP AND SOCIETY		paid
At 31December 2021 and 31 December 2022
100ordinary shares ofKl each	100	100

UNRESTRICTED FUNDS	UNRESTRICTED FUNDS	UNRESTRICTED FUNDS		Balance 1			Balance 31
				January	Surplus in		December
GROUP				2022	year	Transfers	2022
General income		funds		3,558,458	383,227		3,941,685
Designated	reserve			1,500,000			1,500,000
				5,058,458	383,227		5,441,685
				Balance 1			Balance 31
				January	Surplus in		December
SOCIETY				2022	year	Transfers	2022
General income		funds		3,482,210	448,042		3,930,252
Designated	reserve			1,500,000			1,500,000
				4,982,210	448,042		5,430,252
The designated		reserve is to cover:
-Emergency	funds for unexpected		events	300,000			300,000
- Capital projects				1,200,000			1,200,000
				1,500,000			1,500,000

UNRESTRICTED FUNDS -2021	UNRESTRICTED FUNDS -2021	UNRESTRICTED FUNDS -2021	Balance 1			Balance 31
			January	Surplus 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	Surplus in		December
SOCIETY			2021	year	Transfers	2021
General income funds			2,117,148	1,865,062		3,982,210
Designated	reserve		1,000,000			1,000,000
			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

NET ASSETSBYFUNDS - 2022	NET ASSETSBYFUNDS - 2022	NET ASSETSBYFUNDS - 2022	Unrestricted	Restricted	Total
GROUP
Funds are represented		by:
Fixed assets			2,588,168	1,043,253	3,631,421
Current assets			4,067,896		4,067,896
Current liabilities			(684,279)		(684,279)
Long term liabilities			(530,000)		(530,000)
			5,441,785	1,043,253	6,485,038
SOCIETY
Funds are represented		by:
Fixed assets			2,591,180	1,043,253	3,634,433
Current assets			3,926,102		3,926,102
Current liabilities			(556,930)		(556,930)
Long term liabilities			(530,000)		(530,000)
			5,430,352	1,043,253	6„473,605
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

payments to the end ofthe lease ter	m.
	2022	2021
	Land and	Land and
	Buildings	Buildings
Payable:
In less than one year	200	200
In two to five years	800	800
In more than five years	10,533	10,960
	11,533	11,960