Charity Accounts Intelreading the accounts so you don’t have to

THE PARROT ZOO TRUST

Registered charity 1162135 · accounts filings on the Charity Commission register

Get email alerts for this charity

Latest income
£1.2m
Latest spending
£1.4m
Registered
2015
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity reported a net expenditure of £297,329 for the year ended 31 December 2024, resulting in a decrease in total funds from £1,427,361 to £1,130,032. The trustees have set a reserves policy target of £600,000, which represents 3 to 6 months of expenditure, and the current unrestricted and designated funds total £1,075,973. Per the trustees' report, 2025 is likely to be challenging due to increased costs, requiring the charity to consolidate development and maximize opportunities.

What the accounts disclose

Reserves policy: £600,000 or 3 to 6 months of expenditure (held: £1.1m)
“The trustees have calculated an appropriate reserves level for the trust of £600,000 or 3 to 6 months of expenditure.” — page 8
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: A member of Key Management Personnel advanced £1,423 to the charity and was repaid £1,495. At the year end, he was owed £2,027 by the charity.
“In the year to 31 December 2024, a member of Key Management Personnel advanced £1,423 to the charity and was repaid £1,495. At the year end, he was owed £2,027 by the charity (2023: £1,954).” — page 29
“During the year to 31 December 2024, the charity paid £113,059 in rent and tenure of assets (2023: £111,651) to a partnership which is jointly owned and controlled by a member of Key Management Personnel. At the year end, the partnership was owed £5,744 (2023: £4,000) by the charity.” — page 29
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: The charity paid £113,059 in rent and tenure of assets to a partnership jointly owned and controlled by a member of Key Management Personnel. The partnership was owed £5,744 at year end.
“In the year to 31 December 2024, a member of Key Management Personnel advanced £1,423 to the charity and was repaid £1,495. At the year end, he was owed £2,027 by the charity (2023: £1,954).” — page 29
“During the year to 31 December 2024, the charity paid £113,059 in rent and tenure of assets (2023: £111,651) to a partnership which is jointly owned and controlled by a member of Key Management Personnel. At the year end, the partnership was owed £5,744 (2023: £4,000) by the charity.” — page 29
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: The charity paid £10,514 for goods and services provided by a partnership in which two members of Key Management Personnel have an interest. The partnership was owed £216 at year end.
“In the year to 31 December 2024, a member of Key Management Personnel advanced £1,423 to the charity and was repaid £1,495. At the year end, he was owed £2,027 by the charity (2023: £1,954).” — page 29
“During the year to 31 December 2024, the charity paid £113,059 in rent and tenure of assets (2023: £111,651) to a partnership which is jointly owned and controlled by a member of Key Management Personnel. At the year end, the partnership was owed £5,744 (2023: £4,000) by the charity.” — page 29
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by Dexter & Sharpe Audit Services Ltd. Discloses 5 of 6 completeness components.

Structured financials (annual return, FY ending 31/12/2024)

Total income
£1.2m
Total spending
£1.4m
Cost of raising funds
£21k
Reserves (reported)
£0
Employees
26

Reported reserves equal ~0.0 months of spending — in the bottom quarter for charities its size (median 4.8 months; benchmarks).

Register events

Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: Throughout England And Wales

Income and spending

Financial year endIncomeSpending
31/12/2024£1.2m£1.4m
31/12/2023£1.1m£1.3m
31/12/2022£1.3m£1.7m
30/06/2021£942k£967k
30/06/2020£2.3m£758k

Common questions

Is THE PARROT ZOO TRUST financially healthy?

The accounts state that the charity reported a net expenditure of £297,329 for the year ended 31 December 2024, resulting in a decrease in total funds from £1,427,361 to £1,130,032. The trustees have set a reserves policy target of £600,000, which represents 3 to 6 months of expenditure, and the current unrestricted and designated funds total £1,075,973. Per the trustees' report, 2025 is likely to be challenging due to increased costs, requiring the charity to consolidate development and maximize opportunities. Its FY2024 accounts were audited by Dexter & Sharpe Audit Services Ltd.