##
##
##
|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|
##
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##
|||||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,|Dudley|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|
##
|5|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|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|16|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|
##
|18|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|
##
##
##
##
##