DUDLEY AND WEST MIDLANDS ZOOLOGICAL SOCIETY LIMITED
Financial health, per its FY2023 accounts
The accounts state that the charity achieved a surplus of £47,328 for the year ended 31 December 2023, driven by increased visitor numbers and higher interest income, despite rising energy costs. Per the trustees' report, unrestricted funds stood at £5,415,993, with free reserves of £971,621, which the directors consider adequate to maintain minimum reserves of £750,000 covering approximately three months of expenditure. The directors confirm the organisation is a going concern, supported by historical surpluses and a commitment from the shareholder, Dudley Metropolitan Borough Council, to support the society until March 2025.
What the accounts disclose
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- DAVID SPARKS OBEchair
- ANDREA GODDARD
- ANDREW JAMES TAYLOR
- Alan Taylor
- KIM FULLER
- Michael John Evans
- PETER JOHN SILVER
- PHILIP IAN LOVEDAY
- Pamela Ann Batson
- Philip James Tart
- STEVEN KEITH VINCENT
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £6.6m | £6.1m |
| 31/12/2023 | £5.9m | £5.9m |
| 31/12/2022 | £5.8m | £5.4m |
| 31/12/2021 | £6.1m | £4.4m |
| 31/12/2020 | £4.2m | £4.1m |
Common questions
Is DUDLEY AND WEST MIDLANDS ZOOLOGICAL SOCIETY LIMITED financially healthy?
The accounts state that the charity achieved a surplus of £47,328 for the year ended 31 December 2023, driven by increased visitor numbers and higher interest income, despite rising energy costs. Per the trustees' report, unrestricted funds stood at £5,415,993, with free reserves of £971,621, which the directors consider adequate to maintain minimum reserves of £750,000 covering approximately three months of expenditure. The directors confirm the organisation is a going concern, supported by historical surpluses and a commitment from the shareholder, Dudley Metropolitan Borough Council, to support the society until March 2025. Its FY2023 accounts were audited by Crowe U. K LLP.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 15/03/2011 | £999k | "Dudley Zoo Tecton Project" |