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 S￿nIfiCant 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 meaSU￿d 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

(0*0
ocoo
000
coo

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
Be￿een 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-