Charty reglstratlon number 1153992 (England and Wales CORNWALLANIMAL HOSPITAL CHARITY ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
CORNWALLANIMAL HOSPITAL CHARITY LEGAL AND ADMINISTRATIVE INFORMATION Trustees WT Chalker G Barral A Johnson RJCock J Cosgrove W Krey Charity reglstration England and Wales 1153992 Prlnclpal address Cornwall Animal Hospital Wilson Way Pool RedTUth Comwall TR15 3RX Auditor BK Plus Audit Limited 314 Station Road Redwth Cornwall TR15 2AB Stephens Scown LLP 1 High Cross Street St Austell Comwall PL25 4AX Sollcltors
CORNWALL ANIMAL HOSPITAL CHARITY CONTENTS Page Trustees, report Statement of trustees, responsibilities Independent auditor's report 7-10 Slatement ol financial activities 11 Balance sheet 12 Stalement of cash flows 13 Notes to the financial statements 14-26
CORNWALL ANIMAL HOSPITAL CHARITY TRUSTEES. REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2025 The tnjstees present their annual report and financial statements for the year ended 30 September 2025. The financial statements have been prepared in accordance with the accounting policies set out in note I to the financial statements and comply with the charity's goveming document. the Charities Act 2011 and "Accounting and Reporting by Charities- Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 20191" Objectives and activities Objectlves and aims. To relieve the suffering of animals of any species, that need care and attention and in particular, to provide and maintain an Animal Hospital for the care and treatment of animals that are sick, abandoned, neglected or Ill treated. Publtc benefit The Trustees consider they have complied with their duty in Section 17 of the Charities Act 2011 which requires them to have due regard to guidance published by the Charity Commission. Signlficant actlvltles The trustees have regard to the guidance and regulatory requirements of the Charity Commission, to 8nsure that the Charity always supports its charitable objectives for the public benefit. The Animal Hospital - the Charity's Veterinary practice provides the following for members of the public.. Veterinary Consultations and Treatment -Advice on the Care of Animals Preventative Treatments.. flea control. neutering, worming Dental Work Care of abandoned animals Re-homing of abandoned animals Dielary advice & food supplies Nurse Advice Clinics Puppy & Kitten Starter packs Additlonal work undertaken. - Working ¥Mth staff al the Penwith Pel Crematorium. Liaising with and helping otherAnimal Charities, such as the RSPCA, Guide Dogs for the 81ind, The Greyhound Trust, Dogs Trust, Cat Protection etc. The Charity does not undertake any investmenl, other than the maintenance of its assets i.e. The Animal Hospital. The Charity has many volunteers, working mainly in the retail sector. The volunteers support the paid employees in the running of the Pool Stores and the shops. Achievements and performance Charitable actlvltles The Animal Hospital's client base has stabilised over this year holding on to its many extra clients gathered from the previous 7 years The promotion offered lo all clients provided they become members 15 slill proving to be a success with over 200 members, all taking advantage of the financial incentives available to them. Memberships can now be completed online via our website making il far quicker and easier to update. Its repulation for the quality care of animals and support for their owners, together wth its improved facilities and equipment. ensures that it has an increasingly positive image in the local community. Clients come from as far afield as Penzance,, Newquay, St. Austell, Helston, Falmouth and the Lizard area to use the excellent services provided.
CORNWALL ANIMAL HOSPITAL CHARITY TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 Support from the Retall Sector The retail shops sales performance was £599,195 this year a drop on last year's perfomiance by 3.6 %. Prior years {2024= £621,749> &12023'. £597,714). It was a very encouraging effort given the general trend in Retail sales. We are again most grateful to our many loyal supporters for their very kind donations. Supporting Agencies RCVS - Provides our members with regular updates and CPD opportunities. VDS provide Professional insurance cover to the Vets Practice Various Locum Agencies provide us with Locum VetslRVN staff as required. Peninsula Business Services - Provides Employmenl Law advice to CAHC Trustees. Towergate Mia provide our Surgery Insurance at the Vets site. SMEI provide insurance cover for all our Retail Charity Shops. Push Logic provide our web site services. Some of the many success storles of the Chartty: The new Cat Unit al Treleigh is now fully operational. The Retail Charity Shop in Cambome's main streel has won several prizes for ils window displays including Trevithick Day. Remembrance Day and a Christmas theme. Many Gustomers stop and take pictures of the displays, and il has created much interest in the town. We have an updated website which is far more customer friendly and focussed, allowing memberships and donations to be tendered directly online. The Truslees are now inputting a quarterly newsletter onto the website and Ihe latest edition is now available to view We can show from a recent Sunday Times article that are Vel prices are more than 700A cheaper than other, corporate vet practices. proving how much our charity is helping keep costs down. We now offer specialist cardiology services at the practice provided by an excellent respected Individual. We have recruited an excellent Lead Vet Surgeon and helped many clients to extend the life of Ihew petB as a result. Some remarkable stories are shown within our website where we have helped young kittens return to normal playtime behaviour. New r&designed plans for the Rehab Unit will double the size of the existing practice in sq. ft terms. Once Phase 4, the final phase of the new build project, is completed, a range of additional facilities including a Treadmill, dog grooming and behaviour services together with a large Training Suile, our unique Charity Small Animal Practice will provide everything local pet owner5 could wish for in one pla with a 27-space caF park. Financial revlew The Charity's annual income was a record £1.438,995. The Vets income was a record £810,401. Legacies & Donations increased to £27,092. We are in a very challenging position wlh costs rising due to govemment NIC payments increasing from April '25 costing approximately £45k per annum extra for the charity. Next year we will nol have the added income form our Hayle shop which closed in Sepiember 2025. The Charity's veterinary practice is still finding the recruitment of Vet Surgeons very difficult and is having lo spend much more than expected on Locum fees in this year's accounls. The slaffing problems will hopefully be resolved by the Spring of 2026 with another Vet Surgeon joining the team, making a total of 5 Vets at the practice. The Vets income this year was £810,401, {2024.' £623,531) & (2023.. £523,851), an increase of 30U/o over 2024, helped by our new Lead Vet Surgeon's appointment from 01.01.2024. We had also managed lo recruit a further Vet, two Nurses and an additional Receptionist during 2025 which meant that we could lake on many more Clients. Whilst there was loss incurred during this period, we spent £40,000 on new equipment (Digital X Ray, Ultrasound & Hand Held Denlal Xray Machine) also a new reception floor covering and computer equipmenl Gosting £2,000. The employers NIC increase cost the charity an extra £20,000 for 6 months to 30.09.2025.
CORNWALL ANIMAL HOSPITAL CHARITY TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 Reserves pollcy The Trustees have reviewed the Policy for the Charity's Reserves. All monies held in reserve at the year end are identified for specific use to support the Charity's purposes Phases 1 4 which commenced in July'14 and is ongoing has completely changed the appearance of the Hospital for the better. The final chapter (Phase 4) in thi5 redevelopment program has received Council planning approval. The project, when completed, will fulfil our aim that the Animal Hospital truly become5 a centie of veterinary excellen. The trustees aim to hold in free reserves, not invested in fixed assets. sufficient monies to cover two months average expenditure. This would have required £249,838 as of 30 September 2025 (2024: £224.1521. A5 of 30 Septefnber 2025. the charity held £661,743 (2024. £676,774) in unrestricted reserves of which £447,264 (2024., £402,628) was invested in fixed assets, resulting in a balance of £214,479 {2024. £274,146) free reserves. The Trust6es intend to use Ihese reseNes lowards the costs of Phase 4. as well as to provide a buffer lo the charity during the current economic environment. Prlnclpal fundlng sources The Charity's principal source of funds is from theAnimal H05Pital and the Retail Shops. Legacies for the Charity are occasionally received, and these are registered as 'promises' to the Charity, lo be used to support the charitable purposes. Personal Donalions are received online via Stripe, Just Giving, PayPal and other funding channels. Monies are also received from the Charity's Collection Tins, which are displayed in many shops in the local area. Easyfundraising.org.uk raises funds via our web site where supporters can sign up and when purchasing from 1000's of different suppliers our charity receives a small percentage of each transaction from Easyfundraising. The charity received £6,000 from Jean Sainsbury Animal Welfare Trust. Plans for future perlods The Trustees feel that the proposed building work at the Animal Hospital will creale a modern interior with modem clinical surroundings, excellenl facilities, and equipment. These developments will lead lo the Animal Hospital gaining RCVS Small Animal accreditation and status soon Phase 4 of the redevelopment program at the Hospital sile will involve the provision of a large two-storey purpose-built Rehab Unit on the sile costing more than £500,000. Revised plans are being drawn up for this exciting new build project. The firsl part of this has involved the building of a new Cal Unit and large rear extension cosling £50.000. The cat unit is very busy and has received excellent customer reviews. Now that our hospital is at such a high standard in terms of appearance and equipment, we are once again looking positively towards working with Duchy College as a Training Practice We currently have one staff member training to be RVN qualified by the summer of 2026. Comwall Channel. a locally based media company, have provided us with a video which is shown onlo our promotional screen in the Vets waiting area and onto our web site. A special personal message is also included on the video from our Patron Anne Robinson. The Trustees are focused on improving the retail shops by leasing more modem premises as current leases expire. This is part of a decision, made by the Trustees, to improve the overall image of the Charity, its sites, and facilities. The Charity's own maintenance personnel have done an excellent job in providing a new kitchenAaundry area plus workshop and PAT testing room in the existing main warehouse al the Pool site. With the introduclion of t)ank charges by Lloyds Bank who now charge us 85p per blue deposil bag and 1.5% on all cash deposits we have been promoting the use of card payments at all our sites for payments over one pound and reducing the number of blue bag deposits by branches from six to one per week. The Trustees are always looking to increase our operating outlets and looking to find the best possible locations lo seNi¢e local communities within Cornwall. We are looking currently for a new shop site in Hayle.
CORNWALLANIMAL HOSPITAL CHARITY TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 Structure> governance and management The charity is govemed by its constitution which was adopted on 27th September 2013 when Cornwall Animal Hospital Charity was first registered as a CIO. The Charity began operab'ng under its new status as a CIO (Charitable Incorporated Organisalion), with a registration number 1153992 from 1 April 2014. Trademark protectlon Effective from 31 March 2015 CAHC has legally protecled its DoglCaUFlag logo in the UK via the Intellectual Property Office. This legal status has recently been extended for another 10 years. Trustees The trustees who served during the year and up to the date of signature of the financial statements wefe.. WT Chalker G Barral A Johnson RJCock J Cosgrove W Krey Organisatlonal structure The current Trustee Board consists of 6 truslees who are all committed to the Charity and have various roles to develop and are all passionate animal lovers. Miss Angela Johnson joined in November 2023, who sells items to raise funds for the Charity and although based in East Comwall travels lo our Trustee meetings in Camborne such is her willingness lo support us. Graham Barral has later joined in April 2024. We can have up to 7 Trustees and would welcome an increase in our numbers from suitable candidates. Inductlon and tralnlng of new trustees New Truslees go Ihrough a process of induction, which includes discussions based on their reasons for wanting to become a trustee, their understanding of the charity and its aim5, plus the provision of the necessary references and the completion of CC Form CSD-1382. The skills and experiences the new Irustee can bring to the board are discussed and a Skills Checklist is completed. Once Ihe new trustee has been co-opled onto the trustee board, they are given a guided tour of all the Charity's premises and introduced lo the staff and volunteers. They also receive a copy of the latest audited accounts and 8 copy of the Charity's Constitution. Wider network The Charity works with local and national animal charities to provide veterinary care and some r&homing of animals. Related partles The charitable work is undertaken at the Animal Hospital. This work is financially supported by the retail sector, at the Pool Stores, including shops in Penzance, Cathborne {Formal), Redruth & Camborne (Main Street). Audltor In accordance with the charity's articles, a resolution proposing that BK Plus Audit Limiled be reappointed as auditor of the charity will be put at a General Meeting.
CORNWALLANIMAL HOSPITAL CHARITY TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 The trus s, report was approved by the Board of Trustees. Chalker Trustee Date.. 11 02 lJL
CORNWALLANIMAL HOSPITAL CHARITY STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 30 SEPTEMBER 2025 The Iruslees are responsible for preparing the Trustees. Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales requires the trustees lo prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that year. In preparing these financial statements, the trustees are required to.. select suitable accounting policies and then apply them consistently-, observe the methods and principles in the Chanlies SORP., make judgements and estimates that are reasonable and prudent., state whether applicable accounling standards have been followed, subject to any material departures disclosed and explained in the financial statements., and prepare the financial statements on the going concem basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping sufficient accounting records that disclose with reasonab le accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charilies Act 2011, the Charity (Accounts and Reports} Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the chanty and hence for taking reasonable steps for the prevention and detection of fraud and other irregularilies.
CORNWALL ANIMAL HOSPITAL CHARITY INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF CORNWALL ANIMAL HOSPITAL CHARITY Opinion We have audited the financial slatements of Comwall Animal Hospital Charity {the 'charity'l for the year ended 30 Seplember 2025, which comprise the Statement of Financial Activities, Balan Sheet, Statement of Cash Flows, and Noles lo the Financial Statements, including a summary of significanl accounting policies. The financial reporting framework that has been applied in their preparation is United Kingdom Accounting Standards, comprising Charities SORP - FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and applicable law (United Kingdom Generally Accepted Accounting Practice). In our opinion, the financial statements-. give a true and tsir view of the state of the charity's affairs as at 30 September 2025 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended., have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practi., and have been prepared in accordance wth the requirements of the CharitiesAct 2011. Basls for oplnlon We conducted our audil in accordance with International Standards on Auditing (UK) {ISAs IUK)} and applicable law. Our responsibilities under those standards are further described in the audilor responsibilities for the audit of the financial statements section of our report. We are independent of the charity 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 wilh these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Concluslons relating to golng concern In auditing the financial statements. we have concluded that the trustees use of the going concern basls of accounting in the preparalion of the financial statements is appropriate. Based on the work we have perfomied, we have not identified any material uncertainties relating to events or conditions that. individually or collectively, may cast significant doubt on the charity's ability lo continue 8s a going concern for a period of al least e1ve months from when the original financial ststements were authorised for issue, Our responsibilities and the responsibilities of the truslees wl1 h respect to going concern are described in the relevanl sections of this report. Other Informatlon The truslees are responsible for the other information. The other information comprises the information included in the annual report, other than Ihe financial slalements and our auditor's report thereon_ Our opinion on the financial slatemenls does not cover the other information and, except to the extent olheMise explicilly 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 malertally inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appear5 to be materially misstated. If we identify such material inconsistencies or apparent material misslatements. we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have perfomed, we conclude that there is a matenal misstatement of this other information, we are required lo report that fact. We have nothing to report in this regard.
CORNWALL ANIMAL HOSPITAL CHARITY INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF CORNWALL ANIMAL HOSPITAL CHARITY Matters on whlch we are requlred to report by exceptlon In the light of our knowtedge and understanding of the charity and ils environment obtained in the course of the audit, we have not identified material misststements in the Trustees, Report 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 retums adequate for our audit have nol been received from branches not visited by us; or the financial stalements are not in agreement with the accounting records and returns., or certain disclosures of trustees remuneration specified by law are not made., or we have nol received all the information and explanations we require for our audit. Responslbllities of trustees As explained more fully in the Statement of Trustees, Responsibilities (set out on page 15), the trustees 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 trustees determine is necessary to enable the preparation of financial statements that are free from material misststement. whether due to fraud or error. In preparing the financial stat8m8nts. th8 trustees are responsible for assessing the charity's ability lo continue as a going concem, disclosing. as applicable, matters related to going concem and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations. or have no realistic alternative bul to do so. Auditor's responsibilities for the audit of the flnancSal statements We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder. Our objectives are to obtain reasonable assurance about whether the financial statements as a Who are free from material misstatement, whelher due to fraud or error, and to issue an auditor's report 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. Misstalemenls 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 procedur&s are capable of detecting irregularities, including fraud is detailed below..
CORNWALL ANIMAL HOSPITAL CHARITY INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF CORNWALL ANIMAL HOSPITAL CHARITY We obtained an understanding of the legal and regulatory frameworks that are applicable to the ch¥ity at the planning stage of the audit_ The charity is subject to laws and regulations that directly affect the financial statements, specifically the Companies Act 2006. Charities Act 2011 and Charities Statement of Recommended Practice. We assessed the extent of compliance with laws and regulations as part of our procedures on the related financial statement items. The charity is also subject to laws and regulations where the-consequences of non- compliance could have a material effect on amounts or disclosures in the financial statements, for instance through the imposition of fines or litigation or loss of the charity's ability to operate. In making this assessment we determined that the most significant elements of legislation include those relating to employment laws and regulations, health and safety slandards and animal care Basis on Ihis understanding we designed our audit procedures to identify noTrcompliance with such laws and regulations. Our procedures involved the following= Making enquiries of managemenl regarding their knowledge of any non-compliance with laws and regulatSons that could affect the financial statements. As part of these enquines, we also discussed with management changes in risk assessmenl relating lo fraud, and whether there have been any known instances, allegations or wspicions of fraud, of which there were none. Considering the filings made at Companies House and any omissions thereon, of which none were identified. Discussing with management compliance with health and safety and animal welfare legislation. Making enquiries of management and reviewing charity expenditure for any evidence of disputes, actual or potential litigations and claims, with regulalors or any othef such body. Audited the risk of management override of controls, including Ihrough testing of journal entries and other adjustments for approprialeness, and evaluating the rationale for SnIfiCant transactions outside the normal course of charitable activities, of which there were none. Reviewed the estimates and judgements made in the financial statements for any indication of bias and challenged assumptions used by management in making the estimates. Reviewed Board minules and correspondence with regulators to corroborate the findings from the above. Due to the inherent limitations ofan audit, there remains a risk that we may not have detected some material misstalemenls in the financial statements or non-compliance with laws and regulalions. This is despite the fact that we have properly planned and performed our audit in accordance with auditing standards. For example, the fvrther removed irregularities are from the events and transactions reflected in the financial statements, the less likely Ihe inherently limited procedures required by auditing standards would identify it. As with any audit, there remained a high risk of non-delection of irregularitie5, as these may involve collusion, forgery, intentional omission5, misrepresentations. or the override of internal controls. This risk was reduced by a thorough review of all controls in place that monitor items and Iransactions affecting the financial statements. The primary responsibility for the prevention and detection of if regulanties and fraud rests with the trustees of the charity. All relevant laws, regulalions and significant risks of fraud identified have been clearly communicaled to each member of the audit engagement leam. We are not responsible for preventing non-compliance and cannol be expected to deted non-compliance with all laws and regulations. A further description of our responsibililies is available on Ihe Financial Repotling Council's wèbsite at= https'.11 www.frc.org.uklauditorsresponsibilities. This description forms part of our auditorfs report.
CORNWALLANIMAL HOSPITAL CHARITY INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF CORNWALLANIMAL HOSPITAL CHARITY Other matters Your attention is drawn to the fact Ihat the charity has prepared financial slatements in accordance wilh "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with Ihe Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021" (as amended) in preference to the Accounting and Repo.ng by Charities: Statement of Recomrnended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been V+rythdrawn. This has been done in order for the financial statements to provide a twe and fair view in accordance with current Generally Accepted Accounting Practice. In our opinion, based on the work undertaken in the course of the audit.. the information given in the Trustees. Report for the financial year for which the financial statements are prepared is consistent with the financial statemenls. and the Trustees, Report has been prepared in accordance with applicable legal requirements. Use of our report This report is made solely to the charity's trustees. as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state lo them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility lo anyone other than the charity and th8 charity's trustees a for our audit work, for this report. or foT the opinions we have fomied. Davld Hastlngs FMAAT, ACA (Senlor Statutory Audltor) For and on behalf of BK PlusAudil Limited, StatutoryAuditor Chartered Certified Accountants 314 Station Road Redruth Cornwall TR15 2AB BK Plus Audit Limited is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006. 10-
CORNWALLANIMAL HOSPITAL CHARITY STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITUREACCOUNT FOR THE YEAR ENDED 30 SEPTEMBER 2025 Unrestricted Restricted funds funds 2025 2025 Total Unrestrl¢ted Restricted funds funds 2024 2024 Total 2025 2024 Notes Income and endovmients from". Donalions and legacies Charitable activities Other trading activities Investments other income 27,092 810,401 599,195 2.307 27,092 810.401 599,195 2,307 9,814 623.531 621,749 2,973 364 9,814 623.531 621,749 2,973 364 Total income 1,438.995 1,438,995 1,258,431 1,258,431 Expendlture on: Raising funds Charitable activities Other expenditure 574,365 917,241 7.420 574.365 917.241 7,420 551,779 792,613 520 551,779 792,613 520 14 Totsl expendlture 1.499.026 1,499,026 1.344,912 1,344,912 Net expendlture (60,031) (60,031) (86,481) 186.481) other recognlsed galns and losses: Revaluation of tangible fixed assets 45,000 45.000 Net movement in funds 11 (15,031) (15,031) {86,481) (86,481 } Reconciliation of funds: Fund balances at 1 October 2024 676,774 13,117 689,891 763,255 13,117 776,372 Fund balances at 30 September 2025 661,743 13,117 674,860 676,774 13,117 689,891 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. 11
CORNWALL ANIMAL HOSPITAL CHARITY BALANCE SHEET AS AT 30 SEPTEMBER 2025 2025 2024 Notes Fixed ass6ts Tangible assets 15 447.264 402,628 Current assets Stocks Debtors Cash at bank and in hand 16 17 41,094 37,693 262,374 27,615 22,480 332,605 341,161 382,700 Credltors: amounts falllng due wSthln one year 19 (113,565) (91,787) Net current assets 227,596 290,913 Total assets less current Ilabllltles 674,860 693,541 Credltors: amounts falllng due after fflore than one year 20 (3,650) Net assets 674,860 689,891 The funds of the charlty Restricted income funds Unrestricted funds 22 23 13,117 661,743 13,117 676,774 674.860 689,891 Th8 fina cial statements were approved by the trustees on . 11 ¢J4 2JL Chalker Trustee 12-
CORNWALLANIMAL HOSPITAL CHARITY STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 SEPTEMBER 2025 2025 2024 Notes Cash flows from operatlng actFvttles Cash absorbed by operaknons 27 144,911) (68,888) Investlng actlvltles Purchase of tangible fixed assets Proceeds from disposal of tangible fixed assets Investment income received (23,457) (17,658) 500 2,973 2,307 Net cash used in investing actlvities (21,150) (14.185) Flnanclng actlvltles Payment of finance leases obligations (4.170) (3,650) Net cash used In financing activities (4,1701 (3,650} Net decrease In cash and Cash equivalents (70,231) (86,7231 Cash snd cash equNalents at beginning of year 332,605 419,328 Cash and cash equlvalents at end of year 262.374 332,605 13-
CORNWALLANIMAL HOSPITAL CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 Accountlng poll¢ies Charity information Comwall Animal Hospital Charty is a Charitable Incorporated Organisation registered with the Charity Commission in England & Wales. The principal address is Carn Tannery. Wilson Way. Redrulh, Comwall TR15 3RX. 1.1 Basis of preparation The financial Statements have been prepared in accordance with the charity's governing document, the Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities. Statement of Recommended Practice app11cable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" The charity is a Public Benefit Entity as defined by FRS 102. The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement ot Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is refeffed to in the Regulations but which has since been withdrawn. The financial statemenls are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the hislorical cost convention, modified to include the revaluation of freehold properties. The principal accounting policies adopted are set out below. 1.2 Golng concern The trustees have assessed the use of the going concem basis and have considered possible events or conditions that might cast a significant doubt on the ability of the charity to continue as a going concern. The trustees have considered a period of al least e1ve rponlhs from the date of approval of these finanGial statements. In particular, the trustees have considered the charity's available cash balances in coniunclion with expected working capital requiremenls and have concluded that there is a reasonable expectation that the charity has adequate resourc8s to Continue in operational existence for the foreseeable future. The trustees are of the view that there are no material uncertainties that may create significant doubt over the charity's ability to continue as a going concern. The charity therefore continues to adopt the going concern basis in preparing ils financial statements. 1.3 Charitable funds Unreslricled funds are available for use at the discretion of Ihe twstees in furtherance of Iheir charitable objectives. Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. 1.4 Income Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Income from charitable activities is recognised as the services are provided. Donations and gifts are recogni5ed in full in the Stalement of Financial Adivities when receivable. Legacies are recognised on receipt or otherwise if the charity has been notified of an impending lStrIbUtion, the amount is known, and receipt is expected. 14-
CORNWALLANIMAL HOSPITAL CHARITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 Accountlng pollcles (Continued) Income from government grants is recognised when the charity has entillement to the funds, any performance conditions attached to the grant have been met, it is probably that the income will be received and the amounl can be measured reliably and is not deferred. Income from other trading adivities is recognised al the point of sale of goods. Goods donated fcf sale are included as income al the point of sale_ 1.5 Expenditure Liabililies are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is Pfobable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category lthere costs cannot be directly attributed to particular headings they have been allocated to acb'vities on a basis consistent with the use of resources. 1.6 Tanglble fixed assets Tangible fi'xed assets are initially measured at cosl. Such costs include costs directly attributable lo making the asset capable of operating as intended. Subsequent to inilial recognition, tangible assets, excluding freehold properties, are staled at cost less accumulated depreciation and accumulated impairment. Freehold properties are carried at a revalued amount less subsequent accumulated depreciation and accumulated impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases.. Freehold land and buildings Leasehold improvements Fixtures and fittings Computers Motor vehicles Hospital equipment 2 % straighl line 25% reducing balance 25°k reduoing balance 25°A reducing balance 259/0 reducing balance 25Q/o reducing balance The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in Ihe slatemenl of financial activities. 1.7 Impairment of fixed assets At each reporting end dale, the charity reviews the carrying amounts of its tangible assets lo determine whether Ihere is any indication that those assets have suffered an impaimient Soss. If any such indication exists, the recoverable amount of the asset is eslimated in order to determine the extent of the impairment loss lif any). 1.8 Stocks Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Stocks does nol include goods donated for sale as it is impractical to measure the fair value of these donated ttem5 reliably. 15-
CORNWALL ANIMAL HOSPITAL CHARITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 Accountlng pollcles (Contlnued) 1.9 Financial instruments The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 'Other Financial Instruments Issues. of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with th& net amounls presented in the financial stalemenls, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a nel basis or to realise the asset and settle the liabilily simultaneously. Basic financial assets 8asic financial assets, which include debtors and cash and bank balances, are initially measured at transaction pri including transaction costs and are subsequently carried al amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Basic financial liabilities Basic financial liabilities, including creditors and bank loan5 are initially recognised al transaction pric& unless the arrangement constitutes a financing transaction. where the debt instrument is meaSUd at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried al amortised cost. using the effective interest rate method. Trade creéitors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as Current liabilities if payment is due within one year or less. If not, Ihey are presented as non-current Ikabilities. Trade creditors are recogni5ed initially at transaction price and subsequently measured at amortised cost using the effective interesl method. Derecognition of financial liabilitles Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or cancelled. 1.10 Employee beneftts The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. Termination benefits are recognised immedialely as an expense when the charity is demonslrably committed lo terminate the employment of an employee or to provide termination benefits. 1.11 Retirement benefits The charity operates a defined contribution pension plan for its employees. Contributions are recognised as an expense when they fall due Amounts due but not yet paid are included within credilors on the balance sheet. The assets of the plan are held separately from the company in independently administered funds. Once contributions to the pension fund have been paid, there is no further obligation to Ihe company. 16-
CORNWALL ANIMAL HOSPITAL CHARITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 Accounting policies {Contlnuedl 1.12 Leases Leases are classified as finance leases whenever the terms of the lease transfer substanlially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases. Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date ol inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligalion. Lease payments are treated as consisting of capilal and interest elements. The interest is charged to net incomel(expenditure) for the year so as to produce a constant periodic rate of interest on the remaining balance of the liability. Rent81s payable under operating leases, including any lease incentives received, are charged as an expense on a straight line basi5 over Ihe temi of the relevant lease. CrltlGal accountlng estimates and Judgements In the application of the charity's accounting policies, the trustees are required to fflake judgements. estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions lo accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. Income from donations and legacles Unrestricted funds 2025 Unrestrlcted funds 2024 Donations and gifts Legacies 11,451 15,641 9,814 27,092 9,814 Income from charitable actlvltles Un striCted funds 2025 Unrestrlcted funds 2024 Veterlnary practice Sales Wlthin charitable activities 810,401 623,531 17-
CORNWALLANIMAL HOSPITAL CHARITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 Income from other trading activities Unrestrlcted Unrestricted funds funds 2025 2024 Fundraising events Shop income 1,923 597,272 621,749 Other trading activities 599,195 621,749 Income from investments Unrestrlct8d Unrestricted funds funds 2025 2024 Interest receivable 2,307 2,973 Other InGorne Unrestricted Unrestricted funds funds 2025 2024 Net gain on disposal of larLqible fixed assets 364 Exp8ndlture on ralsing funds Unrestricted Unrestrlcted funds funds 2025 2024 Shop trading Renl, rates and utilities Repairs and refurbishments Other trading activities Staff costs Depreciation and impairment 102,013 8,352 24,392 438,956 650 108,959 7,262 29,631 405,139 788 574,365 551,779 18
CORNWALL ANIMAL HOSPITAL CHARITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 Expenditure on charftsble actlvltles Veterinary practice 2025 Veterinary practl¢e 2024 Dlre¢t costs Staff costs Depreciation and impaimient Medical supplies Locum costs Pet cremations Hire of plant and machinery Rates and water Insurance Light and heat Telephone Postage and stationery Training Repairs and renewals Motor expenses Advertising Computer expenses Other Gharitable expenditure 460,486 23,171 195,005 106,474 24,015 4,784 1,362 4,480 4,207 3,018 4.216 4,775 11,985 20 689 6,112 14,679 369,534 19,581 194,611 77,185 14,281 7,075 1,489 4.426 7,496 (1,1581 3,286 3,806 20,218 32 5,062 3,504 16,411 869,478 746,839 Share of support and governance costs (see note 10 Governance 47,763 45,774 917,241 792,613 Analysis by fund Unrestricted funds 917,241 792,613 10 Support costs allocated to activities 2025 2024 Govemance costs 47,763 45,774 Analysed between: Veterinary praclice 47,763 45,774 19-
CORNWALL ANIMAL HOSPITAL CHARITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 10 Support costs allocated to activities (Continued) 2025 2024 Governance costs comprlse: Audit fees Accountancy Legal and professional 8,510 3,977 35,276 14,000 5,646 26,128 47,763 45,774 11 Net movement In funds 2025 2024 The net movement in funds is stated after chargingl(crediting)'. Fees payable for the audit of the charity's financial statements Depreciation of owned tangible fixed assets Lossl(profil} on disposal of tangible fixed assels 8,510 23,821 14,000 20,369 1364) 12 Trustees T ChalKer, a trustee, received remuneration during the year of £25,907 (2024.. £26,594), carried out in accordance with the charity's own Memorandum ofAssociation. Expenses were paid to T Chalker, a trustee of £228 (2024: £332>. Other th8n the above antj note 28, none of the trustees (or any persons connected with them) recei)d any remuneration or benefits from the charity dunng the year (2024, None). 13 Employees The average monthly number of employees during the year was.. 2025 Number 2024 Nutnber 35 33 Employment costs 2025 2024 Wages and salaries Social security costs Other pension costs 807,496 78,227 13,721 712,706 50,954 11,013 899,444 774,673 -20-
CORNWALL ANIMAL HOSPITAL CHARITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 13 Employees (Contlnued) The number of employees whose annual remuneration was more than £60.000 is as follows, 2025 Number 2024 Number £60,001 to £70,000 Remuneratlon of key management personnel The remuneration of key management personnel was £25,907. 14 Other expendlture Unrestrlcted Unrestricted fund8 funds 2025 2024 Financing costs 7,420 520 -21
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CORNWALLANIMAL HOSPITAL CHARITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 15 Tanglble flxed assets Icontinued) The net carrying value of tangible fixed assels includes the following in respect of assets held under finance leases or hire purchase contracts. The depreciation charge in respect of such assets amounted to £2,010 (2024. £2,681) for the year. 2025 2024 Motor vehicles 6.031 8,041 The freehold property was valued by Millers Commercial Valuers Ltd (independent chartered surveyors) in November 2025 on an open markel basis in accordance with the Appraisal and Valuation Manual of The Royal Institution of Chartered Surveyors. The historical cost of freehold property included in the luatIOn is £252,604. 16 Stocks 2025 2024 Veterinary medications and consumables 41,094 27,615 17 Debtors 2025 2024 Amounts falling due wlthln one year: Trade debtors Prepayments and accrued income 20,351 17,342 4,199 18,281 37,693 22,480 18 Flnance lease obllgatlons Future minimum lease payments due under finance leases.. 2025 2024 Within one year Within two and five years 3,130 3,650 3,650 3.130 7,300 -23-
CORNWALLANIMAL HOSPITAL CHARITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 19 Creditors: amounts falling due wlthln one year 2025 2024 Notes Obligations under finan leases Other taxation and social security Trade creditors Other creditors AcGruals and deferred income 18 3,130 49,908 39,079 9,793 11,655 3,650 27.422 33.166 2,798 24,751 113,565 91,787 20 Creditors.. amounts falllng due after more than one year 2025 2024 Notes Obligations under finan leases 18 3,650 21 Retlrement beneflt schemes 2025 2024 Defined contrlbutlon schemes Charge to profit or loss in respect of defined Gontrtbution schemes 13,721 11,013 The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charily in an independently administered fund. 22 Restricted funds The restricled funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used. At 1 October At30 2024 September 2025 Castle Goff donation 13,117 13,117 Previous year: At 1 October At30 2023 September 2024 Castle Goff donation 13,117 13,117 During the prior year, the charity received a donation from Castle Goff Cat Rescue of £14,999 for the purchase of 2 Ophthalmoscope and Otoscope Desktop units, with the remaining balance to go towards the hydrotherapy pool and treadmill capilal project. -24-
CORNWALL ANIMAL HOSPITAL CHARITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 23 Unrestricted funds The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes. At 1 October 2024 Incomlng resources Resources expended Gains and losses At30 September 2025 Revaluation reseNe General funds 148,420 528,354 45,000 193,420 468,323 1,438,995 (1,499,026) 676,774 1.438,995 (1,499,026) 45.000 661,743 Prevlous year: At 1 October 2023 Incomlng resources Resources expended Galns and losses At30 September 2024 Revaluation reserve General funds 148,420 614.835 148,420 528,354 1,258.431 {1.344.912) 763,255 1.258.431 (1.344,912) 676,774 24 Analysls of net assets between funds Unrestrlcted funds 2025 Restrlcted funds 2025 Total 2025 At 30 September 2025: Tangible assets Current assetsllliabilities) 447,264 214.479 447,264 227,596 13,117 661,743 13,117 674,860 Unrestricted funds 2024 Restrlcted funds 2024 Total 2024 At 30 September 2024: Tangible assets Current assetsl{liabilities) Long temi liabilities 402,628 277,796 (3,650) 402,628 290,913 (3,650) 13,117 676,774 13,117 689,891 -25-
CORNWALLANIMAL HOSPITAL CHARITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 25 Operatlng lease commitments Lessee At the reporting end dale the charity had outstanding commrtments for future minimum lease payments under non-cancellable operating leases, which fall due as follows= 2025 2024 thin one year Beeen and five years In over five years 104,248 157,096 63.410 137,241 3.758 261,344 204,409 26 Related party transactions The spouse of one of the trustees is employed by the charity and was paid a total of £35.525 (2024. £35,198) during Ihe year. The individual's details have been omitted for the protection of the persons concerned in 8¢cordance with paragraph 1.29 of the SORP. 27 Cash absorbed by operatlons 2025 2024 Deficit for the year (60,031) (88,481) Adjustments for". Inveslment income recognised in statement of financial actlvilies Gain on disposal of tangible fixed assets Depreciation and impairment of tangible fixed assets (2,307) (2,9731 (3641 20,369 23,821 Movements in working capital: {Increaselldecrease in stocks (Increase) in debtors Increaselldecrease) in creditors (13,479) (15,213) 22,298 3,092 (228) (2,303) Cash absorbed by operations (44,911) (68,888) 28 Analysls of changes In net funds At 1 October 2024 Cash flows At 30 September 2026 Cash at bank and in hand 332,605 {70,231) 262,374 Obligations under finance leases (7.300) 4,170 (3,1301 325,305 (66,081) 259,244 -26-