COLLEGE OF LABORATORY ANIMAL S IEf4CE AIW TECHNOLOGY eratin as CLA CHARrfABLE INCORPORATED O ANISATION NO. 1162719 FANCIAL STATEMENTS ST FOR THE PEIUOD ENDED 31 JULY 2025 KtNG LOOSE & CO ACCOUNTANTS ST JOHN'S HOUSE 5 SOUTH PAIi4DE SUMMERTOWN OXFOttD OX2 7JL
CLAST FINANCDIL STATEMENTS FOR THE PERIOD ENDED 31- JULY 2025 co Pagc Charity Infotination Trustees, Report Statement of Trustees, Respotksibilities 2(b) Independent Examiners Report Statsment of FirEancial Activities Balance Sheet Notes to the Financial Statement5
CLAST FIN CIAL STATEMENTS ST FOR THE PERIOD ETrIDED 31 JULY 2025 LEGAL AIW ADMINISTRATIVE INFORMATION Trustees K A Applebee OBE D S Spillane P A Flecknell S E Wells N Dennison G Childs Chair Charitable Incor orated anisatioj) No: 1162719 istcred Offiee 5 South Parade, Summertown Oxford OX2 7JL Bankers National Westtninsier Bank PIC 30 Fligh Street Chippenham, Wilts SN15 3HB Inde endent Examiner Mrs H C Fanthome FCA King tA>ose & Co St John's House 5 South Parade Suinm¢rtown Oxford OX2 7JL
CLAST TRUSTEES, REPORT FOR THE PERIOD ENDED 31sf JULY 2025 The Tnjstees present their annual report and financial statements, for the period endcd 31# July 2025. The financial ststements have been prepared in accordance with the accounting policies set out in note I to the ac¢ounts and ¢omply with the ¢harity'S constitution, the Chariti¢s Act 2011, and Accounting and Rcw)rting by Charities.. Statement of Recommended Practicc applicable to ¢harities preparing their accounts in a¢cordance with the Financial Reporting Standard applicable in the UK and Republi¢ of Ireland- Chariti¢s SORP (FRS 102). and the Financial R¢porting Standard applicable in the UK and Republic of Ireland (FRS 102). Structure Governance and Mana ement In accordance with the constitution, the first Trustees are appointed for defined t¢ms as follows:_ First Trustees K Applebe¢ D S Spillane for 4 years for 3 years Additional Trustees P A Flecknell S E Wells N Dennison G Childs Apart from the first Trustees, every Trustee must be appointed for a temi of 3 years. Where new Trustees are appointed, the existingTru5tces must make available to the appointee a copy of the current conslitution plus the latcst Annual Report and ststements of account. Future Trustees will be apwinted by the Board following selcction bd upon their professional Skills and iheir willingness lo serve. 1.here is no fomlal training policy. Thc charity is organised such that the Trustees meet and converse rcgularly to review strdtegy and to generally overse¢ its affairs. All Trusl¢es participate equally in the running of the Charity. Whilst not employed by the Charity itself, the services of an administrator are paid for by the Charity to cover accounting and administrative functions. Ob ects and Aims of the Chari ineludin Public BeDcfJt Statement The Charity's principal activity is the promotion of excelleiice in the wclfare of animals in science by the provisio of higher education for animal car¢ staff and others who work in scienc¢. The aims of t]ie charity to further these objects are to.. (a) provide the setting and resources for students to engage in the study of laboratory animal science. technology and welfar¢' rorgart[steChInrogrllrnMe&nd-Iutoria]-Supp0rt-to.prcParQ-StUdeUts-fOr-hlgher-edcatIOn qualifications or CPD certificates in laknratory animal science. technology and welfare; carry out assessment associated with the teaching progiammes in accordance with the requir¢m¢nts of cxlernal awarding bodies- establish and Inaintain an online resource to assist students to keep up to date with rclevant topics. gather, publish and disseminate literature on animal welfare and related topics. ¢stablish an online distsnce learning option to increase the availability of the course offering thereby increasing the number of students attending the courses in keeping with our objcctive. (¢) (d) (e) (fj In considering th¢se aims and objects, the Trustees have reviewed the guidance issued by the Charity Commission in relation to public benefiL and considcr that the public bencfit test continues to be satisfied.
2(a). CLAST TRUSTEES, REPORT FOR THE PEIUOD ENDED 31ST uLy 2025 Activities to Achieve Aims In furtherance of these aims the Charity has organised and delivered 22 units of the Institute of Animal Technology Higher Education qualifications in Laboratory Animal Sciencc and Technology. CLAST received a total of l O new diploma registrations bringing the currcnt total to 70, with 12 of those students cotnpl¢ting one level and moving up to the next. CLAST also received 14 mor¢ CPD candidatcs and some of the 23 who registcred the year before l)ave since registered for more units. The registrations came from a totsl of 36 institutes totalling I16-unit registrations overall. We arc still predominantly receiving registrations from the south of the UK, despite attempts to encourage greater uptake from other regions. We hav¢ also received greater uptake in South Africa too. The HE courses CLAST offers have been advertised in specialist animal science and technology publications, website5, social media and by e-newsl¢tters. The CLAST websits www.clast.or which serves actual and potential students. continues to be improved and updated. The Instilule ofAnimal Technology is a Restered Ofqual Awarding Organisalion (RecognilEOn Number.. RN5252) and iheir HE qualificaiions are on boih the National andEuropean Qualification Frameworky. Achievements and Pcrfortllanee The Trustees consider that the perfomiaftce of the Charity in these early years of operation. has been sound. Financial Review The Charity's principal ndIng source is fees from sdents. Sinc¢ deregi5tering for VAT, the cost of courses to students has become morc affordablc. this, however, is at the expense of effective Cost incr¢ases where purchase VAT can no longer be recover¢d. Expenditure is kept under tight control. This reflects the careful husbandry of re50urc¢s whilst seeking lo provide library and other study resources for students, ai)d financial management and reporting. This expenditure has helped to achieve the aim5 set out above and resulted in th¢ specific achievements noted. Reserves Polic The Charity's unrestri¢ted general funds showed a deficit of £27,563 (2024.. surplus £27,222) at the period-end. The need for day-to-day working capital is met by careful management of short-lcm) liquid resources in the absence of sulricient free reserves in these early periods of activity. The Trustees consider that fi¢e reserves amounting to three month's operating costs would be prudent and advisabl¢ in order to cover the risks and uncertainties of operating as a foundation for higher education. Their )licy is therefore to build up cash r¢serves out of annual operating surpluses and/or specific donations for this purpose until the intended level of free res¢rves is reached. and Sustained. Future Plans CLAST Trustees hav¢ switched the empha8l8 from delivering ¢ourse5 bas¢d primarily on completion of full diplomas to providin ex anded CPD o ortunities, which hopefully will attrdct mor¢ students. Due to financial constraints. courses will only run provided they do cover all their ¢osts. the implications of which is that CLAST has limited th¢ number of course5 run to reduce expenditure and increas¢ income. The move to delivcr as many cours¢s as possible via online l¢aming only, will again reduce expendire and hopefully increase student take-up, as online learning is very popular for individuals in full time employment. Marketing expenditure is being kept to the absolutc minimum, ¢oupled with suspension of further developincnts of the website and any t¢a¢hing material for new courses. all of which will reduce Cxpenditure. The Trustees hope these measures and the emphasis towards standalone CPD courses will help to ¢nsur¢ the long-term financial viability of CLAST as a provider of HE Cducation in our sector.
2(b). CIAST TRUSTEES. RT FOR THE PEIUOD ENDED 315T Y 2025 Risk Man# ment The TruseS have examined the major strategic, busincs$ and 0rallOnal risks which the Charity fe5 or rnay facfy and confimi that system5 are in place to enable regular rep)Ats to be produ¢¢d, so that the newsary st¢ps can be taken to lessen any such risks. Statement of Trustees, Res Th¢ Trustees are requircd by law to prepare financiat statements for each fill8¢]01 year which give a trne and fair view of thc stste of affairs of the Chlty, ond of its results forthat PUi(KL It] prepasing thos¢ financlal statements, the Trustees rcquired to.. Select suitablc aw)unting w)licies and theD apply them consistently; Observe the methods and principles in the applicablc Chatities SORP; Make jud8etnents and estimatcs that are reasonable prudent. S(ate whether applicable accouDtsng 5tatths have been followed subjttt to 8Y material departures disclosed aJJd cxpiained in the financial ststements", Prepare the financial stslennts on the going concern bL%is unless it IS iDapproixiaie to pre8uTh that the Chatily will Lontinuc in busin&ss. The Trustees r&swllsible for keeping prOr accounting records which disclose with rcasonable cUracY at any tim¢ th¢ fiEw]cial posilion of the charity. and to enable thetn to ensure that tho financial s(arements cotnply with the CoDstituiion. the tharities Act 2011 and the applicable Chatilies SORP. They are also resp)nsibl¢ foT safeguarding thc assets of the chttY and hence for taking rcasonable sleps for thc prcvention and detrction of fraud and otlKr iegu11tic$. The TTUStecs are responsible for the Mointenar and inteIty of the ChilY and financial inforniation includcd on the charity's wcb5ite in Accordance with l¢gi51atton in the United Kingdom governing the pteparntion and di&%emination of financial $eMents. Signed by order of the Thtste¢s ' Mr. K. A. Applebee. Chair Date
CLAST INDEPENDENT EXAMINER. REPO FOR THE PEIUOD ENDED 31- JULY 2025 I report on the accounts of the charity for th¢ period ended 31 July 2025, which are set out on pages 4 to 9. ective res onsibiliti¢s of tbe trnstees and examiner The charity's trustees are responsible for the preparation of the accounts. The charity's trustee5 Consider that an audit is not required for this year under Section 144(2) of the Charities Act 2011 (the 2011 A¢1) and that an independent examination is needed. It is my responsibility to:. Examin¢ the auntS under Section 145 of the 2011 Act. to follow the procedures laid down in the General Dirc¢tions given by the Charity Commissioner under Section 145(5)(b) of the 201 IAct' and to state whether particular matters havc come to my attention. b) Basis of inde endent examiner's re ort My Cxamination was Caled out in accordance with th¢ general directions given by the Charity Commissioners. An examination includc5 a review of the accounting records kept by the ¢harity, and a comparison of the accounts presented with those r¢cords. It also includes consideraiion of any unusual items or disclosures in the accounts, and s¢eking explanations from you as trustees con¢¢rning any such matters. Thc procedures undertaken do not provide all the evidence that would be requir¢d in an audit. and consequently no opinion is given as to whether the accounts present a 'true and fair view, and the report is limited to those matters set out in the statement below. Jnde endent examiner'5 Statement and matters that have been brou I have completed my examination. The following matter has been brought to my attention:_ In order to enable a proper understanding of the accounts to be reached. I consider that attention should be drawn to the state of the charity's balance sh¢¢t at the y¢ar end date, and to the steps being taken by Trustees to redress this Situation. as given in the Trustees, Report under FutUTC Plans. Having taken th¢ above into account. there are no other matters.. b¢tom attention (i) which gives me reasonable cause to believe that in any material respect the requirements to keep accounting records in accordance with Section 130 orth¢ 2011 A¢t' and to prepare account5 which accord wilh the accounting records and to comply with the accounting requirements of the 2011 Act have noi been met. (2) to which. in my opinion. attention should be drawn in order to enable a proper understanding o accounts to be reached. King Loose & Co St John's House 5 South Parade Summertown Oxford OX2 7JL Mrs H C Fanthome FCA
CLAST STATEMENf OF FINANCIAL ACTIVITIES FOR THE PERIOD ENDED 31sf JULY 2025 SUMMARY INCOME AND EXPENDITURE ACCOUNT Unrest- ricted Funds 2025 Desig- nated Funds 2025 Unrest- rieted Funds 2024 Desig- nated Funds 2024 Total Funds 2025 Total Funds 2024 Note Income & endoivments from: Voluntary in¢ome Income from charitabl¢ activities 3 109.033 109,033 116,847 116.847 Total Ineome & Endowments 109,033 109,033 116.847 116,847 enditure on: Charitsble Activities Costs of chari¢able activities 4 130,430 5 33.388 130,430 33,388 95.179 20.917 95,179 20.917 Support Costs Total Resources Expended 163.818 163.818 116.096 116,096 Net (ExpenditureyIncome for the Period, before transfers 8 (54.785) (54,785) 751 751 Transfers between funds Net movement in fuiid5 (54,785) (54,785) 751 751 Fund Balances B/fivd 27,222 27,222 26.471 26,471 Fulld IDeficitySurplus Balances Clfwd (27,563) (27,563) 27,222 27,222 er reco of financial activities. ised ains or losses in res ect of 2025 or 2024, other than those reflected in the Statn¢t The notes on pages 6 to 9 forni part of these accounts.
CLAST BALANCE SHEKf AS AT 31Yr CHARfTABLE INCORPOIL4TED ORGANtSATION NO: 116271 Y 2025 2025 2024 Note Current A55ets Dcbtots Cash at bank 1,966 49,801 18.260 21304 51.767 CreditOTS". Amounts faUiDg due in one year io 49.867 24.545 Net Current (LiabilitiesVA55ets {27.563) 27.222 Totgl knets less Current L1gbiliti, belng Net Assets (27.563) 27,222 Re UDrcstrieted Funds -Gcncral funds -DeSIgnat Funds (27.563) 21.222 12 (27,563) 27,222 Approved b Trustee5 on a16L hA y 2026 gnd signed on its behalf by: Mr G Childs Mt K A Applebee The notes on pages 6 to 9 part of these accounts.
CLAST NOTES TO THE FtNANCtAL STATEMENTS FOR THE PERIOD EM)ED 31- JULY 2025 Accountin Policie5 (a) Gener21 Information These financial statein¢nts have b¢en presented in Pounds Stsrling as this is the currency of the primary economic environment in which the Charity oFrates. (b) Basis of preparation Th¢ accounts (financial statements) have been preparcd undcr the historical cost convention with items recognised at cost or transaclion value unless otherwis¢ stated in the relevant note(s) to these accounts. The financial statements have bccn prepared in accordance with the Statement of Recommended Practice.. Accounting and Reporting by Ch'ItieS prcparing their account5 in accordance with the Financial Reporting Standard applicable in the UK aiid Republic of Ireland (FRS 102)- Charities SORP {fRS 102)- and the Fina]Icial Rcporting Standard applicable in the UK and Republic of Ireland {FRS 102}; and the Charities Act 2011. The charity constite$ a public benefit entity as defined by FRS 102. Th¢ charity has taken advantage of the exemptions available to it on the grounds of sizc, and has not prepared a cash flow statement. (c) Activities The financial statements include the results of the charity's opcrations as described in the trustees, report. (d) Income recognition Income of all kinds is accounted for wlien rcceivable, i.e. in the period in which the charity is entitled to receipt, it is probable that the income will be receivcd and thc aiyjount of income receivable can be measured reliably. Where s¢rvi¢es are donated to the charity, or costs are paid for by others on b¢half of the charity without reimburs¢m¢nt being sought, such iteins are recognised as donated income and the relevant ¢ost similarly recoTdcd according to its expense category. (e) Expenditure recognition Liabilities ar¢ recognised as expendire as soon as there is a legal or ¢onstruetive obligation committing the charity to that expenditure, it is probable that settlement will be Tequired and t]Ic amount of the obligation can be reliably Ineasured. Expenditure 15 iiicluded on an accruals basis and has been classified under headings that aggr¢8ate all costs related to the category. All core cost categories are regarded as being of a support nature to the Charity's principal activity, as dcscribed in the Annual Report. It is anticipat¢d that any future specific projects will be covered b restrict¢d funds- i.¢. funds raised specifically for that project. (fj Financial assets- classified as basie financial instruments i) Cash and ¢ash equivalents Cash and cash equivalents include cash in hand, deposits held with banks. and other short terni highly liquid investments with original maturities of three inontlis or less. ii) Trade and other receivables Trade and other receivables ihat are receivable witliin one ycar are measured at the undiscounted Ount of the cash expected to received. net of any iinpainneiit. iii)Trade and other payables Trade and other payables that are payable within one year arc measured at th¢ undiscounted amount of the cash expected to be paid. Translation of Foreign CurreD¢ies Monies received and expended iii foreign currencies are accounted for at the rate of exchangc prevailing at the date of the transaction.
CLAST NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31- JULY 2025 (h) Fund Accounting Funds held by the Charity are either.. Unrestricted General Funds-these a funds which can be used in accordance with thc charitable objects at the discretion of the Trustees. Designatsd Funds- these are funds set aside by the Trustees out of unrestricted general fijnds for specific fvture pUOSeS or projects. Designations out of unrestricted generdl funds are reflected as transfers inthe Statement of Financial Activities. Futther explanation of the nature and purpose of each fund is included in the notes to the financial statements. (i) Going Coneern The finan¢ial ststements have been prepared on a going Concern basis. The current economic conditions present increased risks for all businesses. In response to such conditions, the dire¢tors/trustecs have carefully wnsidered the5c risks, including an assessmcnt of uncertainty on fvture trading projection for a period of at Icast 12 montlis from Ihc date of signing the financial statements, and the extent to which they might affect thc preparation of the financial stateinents. As any other basis of preparation would see no changes required to the balance sheet fomiing part of these accoun the trustees are satisfied that the going concern basi5 remains appropriate. 2. Volunta Income 2025 2024 Unrestricted Funds General Unrestricted Funds General Total Funds Total Funds Donations 3. Income from Charitable Activities 2025 2024 Unrestricted Funds Gelleral Unrestricted Funds General Total Funds Total Funds sdent fee income 109,033 109.033 116,847 116.847 osts£chantabme Activities 2025 2024 Unrestricted Funds General Unr tricted Funds General Total Funds Total Funds Pro ram Costs Lecturers and tutor costs Direct course costs Program director costs 98.665 4,081 27,684 98,665 4.081 27,864 55,815 9.979 29.385 55,815 9,979 29.385 130,430 130.430 95,179 95,179 None of the costs shown above were met from the Desiated Funds (2024: £nil)
CLAST NOTES TO THE FINANCIAL STATEMENTS FOR THE PERJOD ENDED 31- JULY 2025 S. Other Su Costs 2025 2024 Unrcstrict Funds General Unrestricted Funds Gen¢ral Total Funds Total unds General Course Development Advertising. mark¢tin8 & exhibitions Meetit)g expenses Adtninistrator's costs Independent eXniner'S fees Professional indemnity insurance Printing, Postage, Stationery and Computer Costs Bank cliarges 16,126 10,414 3,048 16,126 10,414 3.048 15,118 1,421 450 15.118 1,421 450 960 2,488 960 2,488 1,200 2.412 1,200 2,412 306 46 306 46 276 40 276 40 33,388 33,388 20,917 20.917 None of the costs shown alx)ve were met from the Designated Funds (2024 £nil)- 6. TraDsfers between funds There were no transfers between fvnds in 2024 or 2025. 7. Staff Co$ Th¢ Charity has no paid cmployees. 8. Net Ex enditsre for the Period 2025 2024 The surplus of expenditure over Income is stated after charging: lJ]dependcnt examiner's fees, incl. Ie¢OVeb]e VAT Bank interest and charges 960 46 .200 40 9. Debtors 2025 2024 Stttdentrftvdebto Prepayments & accrued income 4.044 1,966 4,044 1.966 10. Creditors: Amounts Fallin Due in One Year 2025 2024 Other creditors and accruals Deferred incoinc 49,367 500 21.945 2,600 49,867 24.545
CLAST ST NOTES TO THE ANCIAL STATEMENTS FOR THE PERIOD ENDED 31 JULY 2025 ii. Unrestrictsd Funds- General Movement in Resources Ineomin 01108124 & Transfs Out oin & Transfs Balance 31107125 Unrestricted Funds General Funds 27,222 109,033 163.818 (27,563) li UDre5trieted Funds- Desi nated Movement in Resource5 Out Balanee Balan¢e IDeomin oin 01108124 & Transfs & Transfs 31107125 Fund for online course developm¢nt 13. Totsl Fund Movements Movement in Resources Incomin 01108124 & Transfs Out oin & Transfs Balance 31107125 General Fund5 Designated Funds 27,222 109.033 163,818 (27,563) 27.222 109,033 163.818 (27,563) 14. Reconciliation of Movement in Shareholders, Funds College of Laboratory Animal Science and Technology, being a charitable incorporated organisation, has no shareholders. tt is. therefore, inappropriate to include a reconciliation of the movements in shareholders, funds. 15. Anal sis of Net Assets between Funds Both unrestricted fund categories - general and desIat¢d - are wholly represented by net current ssets/.liabilities i& Commitments In the opinion of the Trustees. there were no outstanding capital committnents at 3 1st July 2025. 17. Trustees. Ex enses None ofthe Trustees received expenses or fees. occasional cost reimbur5emenls are madeto the Trustses wh¢re they hav¢ incurred expendilure on bchaif of the Charity.