REGISTERED NUMBER: 06538712 (England and Wales)

FOLLY FARM CENTRE LIMITED

STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Strategic Report

2

Report of the Directors

3

Report of the Independent Auditors

5

Income Statement

8

Other Comprehensive Income

9

Balance Sheet

10

Statement of Changes in Equity

11

Cash Flow Statement

12

Notes to the Cash Flow Statement

13

Notes to the Financial Statements

15

DIRECTORS:

Ms J Caple

C J Curling

M Shepherd

P H A Morris

Mrs J E B Dean

M J Lyne

Mrs J L Davis

Ms L A Mcnally

SECRETARY:

R J Hill

REGISTERED OFFICE:

Folly Farm

Stowey

Pensford

Bristol

BS39 1DW

REGISTERED NUMBER:

06538712 (England and Wales)

AUDITORS:

Burnside

Chartered Accountants

and Statutory Auditor

61 Queen Square

Bristol

BS1 4JZ

The directors present their strategic report for the year ended 31 March 2025.

REVIEW OF BUSINESS

The financial year ended 31 March 2025 was Folly Farm Centre's sixteenth year of trading. Sales were strong and exceeded forecast despite a particularly challenging first quarter; however costs remain difficult to forecast, particularly energy supplies. Continued improvements to electrical systems plus the retendered energy contract are starting to show some improvement.

As well as our conference, wedding and event guests, Folly inspires children to instil a love for wildlife and nature. Our education team hosted 64 teaching days reaching 1,796 children from 33 schools for 19 residential and 26 day visits to Folly Farm, helping to create a new generation of nature lovers.

We are therefore very pleased to report that a Net Profit was generated for the year of £60,890 (2023/24 £74,621). From this net profit the Directors have been able to agree a donation to Avon Wildlife Trust (our parent company) of £89,340 to be paid in 2025/26. The Retained Deficit for the year after the donation amounts to £28,450.

Turnover was £742k from a record £781k in 2023/24 (£740k in 2022/23). Direct costs were £284k (£274k in 2023/24 and £287k in 2022/23), and administrative costs were £401k (£437k in 2023/24 and £393k in 2022/23).

The Balance Sheet year-end net assets have decreased to £185k from £197k at 31 March 2024.

The economic conditions are challenging, with many external factors causing uncertainty. However the prospects for the Company's trade are positive, with a strong order book extending into 2028.

ON BEHALF OF THE BOARD:

C J Curling - Director

1 October 2025

The directors present their report with the financial statements of the company for the year ended 31 March 2025.

REVIEW OF BUSINESS

DIRECTORS

The directors shown below have held office during the whole of the period from 1 April 2024 to the date of this report.

Ms J Caple

C J Curling

M Shepherd

P H A Morris

Mrs J E B Dean

M J Lyne

Other changes in directors holding office are as follows:

I Barrett - resigned 8 November 2024

Mrs J L Davis and Ms L A Mcnally were appointed as directors after 31 March 2025 but prior to the date of this report.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS

The auditors, Burnside, will be proposed for re-appointment at the forthcoming Annual General Meeting.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

C J Curling - Director

1 October 2025

Opinion

We have audited the financial statements of Folly Farm Centre Limited (the 'company') for the year ended 31 March 2025 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the company's affairs as at 31 March 2025 and of its profit for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-	the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-	adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

-	the financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of directors' remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit; or

-	the directors were not entitled to take advantage of the small companies' exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Directors.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

An understanding of the legal and regulatory framework applicable to the entity was obtained from management and those charged with governance of the entity, and the audit engagement team was confirmed to have the appropriate competence and capabilities to identify non-compliance with such a framework.

No significant instances of fraud, non-compliance with laws & regulations or other irregularities were communicated to the engagement team by management or those charged with governance, and no particular audit areas or legislation were identified that gave rise to any significant risks of material misstatement in respect of such irregularities.

Due to the size & nature of the entity its susceptibility to material misstatement resulting from fraud, non-compliance with laws & regulations, or other irregularities is considered to be low, and the audit approach was appropriately planned so as to address this risk.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Stephen Burnside BA ACA (Senior Statutory Auditor)

for and on behalf of Burnside

Chartered Accountants

and Statutory Auditor

61 Queen Square

Bristol

BS1 4JZ

1 October 2025

TURNOVER

741,564

781,319

Cost of sales

284,167

273,684

GROSS PROFIT

457,397

507,635

Administrative expenses

401,461

437,137

OPERATING PROFIT

4

55,936

70,498

Interest receivable and similar income

5,573

5,531

61,509

76,029

Interest payable and similar expenses

6

619

1,408

PROFIT BEFORE TAXATION

60,890

74,621

Tax on profit

7

-

-

PROFIT FOR THE FINANCIAL YEAR

60,890

74,621

PROFIT FOR THE YEAR

60,890

74,621

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

60,890

74,621

FIXED ASSETS

Tangible assets

9

134,547

163,270

CURRENT ASSETS

Stocks

10

5,071

5,595

Debtors

11

64,858

78,261

Cash at bank and in hand

373,017

300,649

442,946

384,505

CREDITORS

Amounts falling due within one year

12

389,216

338,479

NET CURRENT ASSETS

53,730

46,026

TOTAL ASSETS LESS CURRENT LIABILITIES

188,277

209,296

CREDITORS

Amounts falling due after more than one year

13

3,583

12,229

NET ASSETS

184,694

197,067

CAPITAL AND RESERVES

Called up share capital

16

1

1

Retained earnings

184,693

197,066

SHAREHOLDERS' FUNDS

184,694

197,067

The financial statements were approved by the Board of Directors and authorised for issue on 1 October 2025 and were signed on its behalf by:

C J Curling - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 April 2023

1

154,506

154,507

Changes in equity

Dividends

-

(32,061

)

(32,061

)

Total comprehensive income

-

74,621

74,621

Balance at 31 March 2024

1

197,066

197,067

Changes in equity

Dividends

-

(73,263

)

(73,263

)

Total comprehensive income

-

60,890

60,890

Balance at 31 March 2025

1

184,693

184,694

Cash flows from operating activities

Cash generated from operations

1

162,102

40,308

Interest paid

(619

)

(1,408

)

Net cash from operating activities

161,483

38,900

Cash flows from investing activities

Purchase of tangible fixed assets

(3,241

)

(52,857

)

Interest received

5,573

5,531

Net cash from investing activities

2,332

(47,326

)

Cash flows from financing activities

Group undertakings loan repayments

(18,184

)

(18,183

)

Equity dividends paid

(73,263

)

(32,061

)

Net cash from financing activities

(91,447

)

(50,244

)

Increase/(decrease) in cash and cash equivalents

72,368

(58,670

)

Cash and cash equivalents at beginning of year

2

300,649

359,319

Cash and cash equivalents at end of year

2

373,017

300,649

1.	RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

2025

2024

£

£

Profit before taxation

60,890

74,621

Depreciation charges

31,965

30,779

Finance costs

619

1,408

Finance income

(5,573

)

(5,531

)

87,901

101,277

Decrease/(increase) in stocks

524

(843

)

Decrease in trade and other debtors

13,403

14,738

Increase/(decrease) in trade and other creditors

60,274

(74,864

)

Cash generated from operations

162,102

40,308

2.	CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 March 2025

31.3.25

1.4.24

£

£

Cash and cash equivalents

373,017

300,649

Year ended 31 March 2024

31.3.24

1.4.23

£

£

Cash and cash equivalents

300,649

359,319

3.	ANALYSIS OF CHANGES IN NET FUNDS

At 1.4.24

Cash flow

At 31.3.25

£

£

£

Net cash

Cash at bank and in hand

300,649

72,368

373,017

300,649

72,368

373,017

Debt

Debts falling due within 1 year

(18,169

)

9,537

(8,632

)

Debts falling due after 1 year

(12,229

)

8,646

(3,583

)

(30,398

)

18,183

(12,215

)

Total

270,251

90,551

360,802

1.	STATUTORY INFORMATION

Folly Farm Centre Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities measured at fair value through profit or loss.

The Board of Directors have a reasonable expectation that the Company will be in operation 12 months from the date of approval of these accounts and remains a going concern. The accounts have therefore been prepared on a going concern basis.

Financial Reporting Standard 102 - reduced disclosure exemptions

The company qualifies as a qualifying entity as defined in FRS 102 and has taken advantage of the disclosure exemptions available under paragraphs 1.12 and 33.1A. Accordingly, no disclosure has been made for the aggregate remuneration of key management personnel or for related party transactions with Avon Wildlife Trust, which owns 100% of the share capital of Folly Farm Centre Limited.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is recognised on events based on the date the event takes place. Income on events billed in advance is deferred and carried forward to the appropriate financial period.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

10% on cost

Plant and machinery

-

33% on cost

Fixtures and fittings

-

20% on cost

Equipment

-

33% on cost and 25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company contributes to a defined contribution pension scheme. Contributions payable to the pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

2025

2024

£

£

Wages and salaries

113,016

112,230

Social security costs

7,677

9,157

Other pension costs

4,591

5,625

125,284

127,012

The average number of employees during the year was as follows:

2025

2024

Administrative staff

6

6

4.	OPERATING PROFIT

The operating profit is stated after charging:

2025

2024

£

£

Other operating leases

47,000

44,000

Depreciation - owned assets

31,964

30,779

5.	AUDITORS' REMUNERATION

2025

2024

£

£

Fees payable to the company's auditors for the audit of the company's financial statements

4,576

5,315

6.

INTEREST PAYABLE AND SIMILAR EXPENSES

2025

2024

£

£

Loan interest on loans from group undertakings

619

1,408

7.

TAXATION

Analysis of the tax charge

No liability to UK corporation tax arose for the year ended 31 March 2025 nor for the year ended 31 March 2024.

Reconciliation of total tax charge included in profit and loss

The tax assessed for the year is lower than the standard rate of corporation tax in the UK. The difference is explained below:

2025

2024

£

£

Profit before tax

60,890

74,621

Profit multiplied by the standard rate of corporation tax in the UK of 19% (2024 - 19%)

11,569

14,178

Effects of:

Expenses not deductible for tax purposes

3,242

3,242

Deferred tax movement not recognised

2,164

(3,500

)

Distribution to be paid to parent

(16,975

)

(13,920

)

Total tax charge

-

-

8.

DIVIDENDS

The company has paid its parent a distribution of £73,263 in the year (2024 - £32,061).

9.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

Equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

212,347

30,336

36,864

4,500

284,047

Additions

2,165

-

-

1,076

3,241

At 31 March 2025

214,512

30,336

36,864

5,576

287,288

DEPRECIATION

At 1 April 2024

70,955

17,830

28,942

3,050

120,777

Charge for year

20,649

6,836

3,589

890

31,964

At 31 March 2025

91,604

24,666

32,531

3,940

152,741

NET BOOK VALUE

At 31 March 2025

122,908

5,670

4,333

1,636

134,547

At 31 March 2024

141,392

12,506

7,922

1,450

163,270

10.

STOCKS

2025

2024

£

£

Raw materials and consumables

5,071

5,595

11.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

36,631

52,831

Other debtors

3,187

2,719

Prepayments and accrued income

25,040

22,711

64,858

78,261

12.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other loans (see note 14)

8,632

18,169

Trade creditors

57,330

26,526

Amounts owed to group undertakings

7,324

7,088

Social security and other taxes

1

2,208

VAT

15,934

13,424

Other creditors

3,285

2,375

Deferred income

285,939

250,519

Accrued expenses

10,771

18,170

389,216

338,479

13.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other loans (see note 14)

3,583

12,229

14.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

£

Amounts falling due within one year or on demand:

Loan due to group undertaking

8,632

18,169

Amounts falling due between one and two years:

Loan due to group undertaking 1 - 2 years

3,583

12,229