THE ZOOLOGICAL SOCIETY OF EAST ANGLIA LIMITED
Financial health, per its FY2023 accounts
The accounts state that the charity reported a consolidated deficit of £1,199,217 for the year ended 31 December 2023, resulting in a decrease in net assets to £2,783,392. The trustees report that cash reserves of £352,000 were below the agreed policy target of £1.2 million, and the charity anticipates reliance on extended bank borrowing to maintain liquidity through 2025. Despite these challenges, the trustees confirm the going concern basis of accounting, citing reasonable expectations that financial plans will be achieved and costs controlled.
What the accounts disclose
“Cash reserves are £352k (excluding the overdraft facility) which is in below of the agreed cash reserve policy.” — page 19
“At the point of signing the accounts, the bank’s overdraft decision is awaited resulting in a material uncertainty, which may cast significant doubt over the Charity’s ability to trade as a going concern.” — page 18
“The Company owns 100% of the share capital of ZSEA Trading Limited which covers the trading activities.”
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Rebecca Jane Pennychair
- Dr Andrew Gemmel Hassan
- Dr Kelly Louise Powley
- Edward John Bouckley
- Gerard Francis Smith
- James John Gardiner
- Katherine Sarah Davison
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £6.2m | £6.7m |
| 31/12/2023 | £7.2m | £8.4m |
| 31/12/2022 | £7.3m | £7.7m |
| 31/12/2021 | £8.6m | £6.7m |
| 31/12/2020 | £6.3m | £5.7m |
Common questions
Is THE ZOOLOGICAL SOCIETY OF EAST ANGLIA LIMITED financially healthy?
The accounts state that the charity reported a consolidated deficit of £1,199,217 for the year ended 31 December 2023, resulting in a decrease in net assets to £2,783,392. The trustees report that cash reserves of £352,000 were below the agreed policy target of £1.2 million, and the charity anticipates reliance on extended bank borrowing to maintain liquidity through 2025. Despite these challenges, the trustees confirm the going concern basis of accounting, citing reasonable expectations that financial plans will be achieved and costs controlled. Its FY2023 accounts were audited by Larking Gowen LLP.