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2020-12-31-accounts

ANNUAL REPORT and UNAUDITED ACCOUNTS 2020/21

Worthing Animal Clinic Anthony House 30/32 Newland Road Worthing, BN11 1JR

Telephone: 01903 202248 Fax: 01903 537759 e-mail: info@worthinganimal.co.uk website: www.worthinganimal.co.uk

Worthing Animal Clinic Annual Report 2020/21 Contents

Annual Report and Unaudited Accounts 2020/21

Page 1

Worthing Animal Clinic Annual Report 2020/21 Reference and Administrative Information

STATUS

Worthing Animal Clinic is an unincorporated charitable association, Registered Charity Number 211467

CLINIC AND PRINCIPLE OFFICE Anthony House, 30-32 Newland Road, Worthing, West Sussex, BN11 1JR Tel 01903 202248 Fax 01903 537759 Email: info@worthinganimal.co.uk Website: www.worthinganimal.co.uk

Website: www.worthinganimal.co.uk

PATRON –

Hon Alderman Nick John

TRUSTEES – CHAIRMAN & TREASURER Geoff Parrish

NEWSLETTER EDITOR Karol Jeffery

STAFF –

VETERINARY SURGEON LOCUM VETERINARY NURSE David Thomas Noleen Costello ADMINISTRATION RECEPTION Pam Stringer Sue Blunden

BANKERS CAF Bank Limited, 25 Kings Hill Avenue, West Malling, ME19 4JQ

INDEPENDENT EXAMINER Renate L. Cloake, Chartered Certified Accountant, 70 South Street, Lancing, BN15 8AJ

INVESTMENT MANAGERS CCLA Investment Management Ltd Cazenove Capital Management

Annual Report and Unaudited Accounts 2020/21

Page 2

Worthing Animal Clinic Annual Report 2020/21 Chairman’s Report

This time last year I reflected on the fact that 2019 had been a relatively satisfactory year for the clinic and in normal circumstances I would have been able to write a fairly upbeat report but at the time of writing COVID 19 was starting to change the whole perspective and I had to, somehow, take that fact into account in my report. A year on, I am pleased to say that the Clinic’s rapid response to the situation meant that all the staff still did what they could for our clients whilst keeping themselves as safe as possible. I will report elsewhere on the financial impact but suffice to say that the Charity has continued to operate in accordance with the objects of the charity as laid down in our constitution and can expect to do so at least for the coming year.

We did not hold our AGM in the normal way inviting members to attend but instead invited comments and question to be submitted in writing. The notes of the meeting with an explanation of the change in procedures were subsequently published in our Winter Newsletter. It is our current intention to hold the 2021 AGM in the same way as, even if restrictions have been relaxed by the end of May, it is not thought to be sensible to encourage congregation of people indoors.

Our regular Trustee meetings have been held since lockdown via Zoom and have been changed to monthly to ensure a tighter control on the situation as it developed. We will continue this practice during the rest of 2021.

2020 did see us being advised of two substantial legacies but due to protracted delays on the part of the solicitor involved in both estates we have seen nothing of the funds we are entitled to. In one case we have actually contacted other beneficiaries to see whether they are equally concerned about the situation but at the time of writing we are still waiting and contact with the solicitor involved does nothing but produce an appreciation that “this matter has been ongoing for sometime now”.

I will again reflect on how we are incredibly proud of the efforts made by all our staff (and locums) over the last year and many thanks are due to all at the clinic. Hopefully mass vaccination will restore some normality as the year progresses .

Geoff Parrish Chairman

Date

Annual Report and Unaudited Accounts 2020/21

Page 3

Worthing Animal Clinic Annual Report 2020/21 Trustees’ Report

CLINIC OBJECTIVES

The principal objective of the Clinic is to offer subsidised veterinary treatment and care to the pets of those in receipt of means-tested benefits (Housing Benefit/local Housing Allowance, Council Tax Reduction, or Pension Credit) and also to those in receipt of a State Pension only. The rules of the Charity also allow for the provision of subsidised veterinary care to other animal charities within the prescribed post code areas.

ORGANISATION

The Trustees currently meet at monthly intervals via Zoom to consider the activities of the Clinic and to monitor the financial progress made during the time since the previous meeting. Members of staff and the book-keeper are also invited to attend these meetings. The daily administration and professional activities of the Clinic are under the control of the Veterinary Surgeon.

POLICY

The policies of the Clinic are driven by its objectives. The facilities of the Clinic are available to all those who fall within the stated criteria. Furthermore, from time to time, the Veterinary Surgeon will use his/her discretion in providing free treatment to animals in exceptional cases.

STATUS AND ADMINISTRATION

Worthing Animal Clinic is an unincorporated charitable association, Registered Charity number 211467. It is governed by the Rules of the Clinic, last amended in October 2007 and, being registered with the Charities Commission, is required to comply with the Charities Act 2011.

Its principal address is Anthony House, 30/32 Newland Road, Worthing, West Sussex, BN11 1JR.

The Trustees comprise a committee of up to eight members of the charity, elected annually. The committee appoints a Chairman and such other officers as it deems necessary.

FINANCIAL RESULTS

The accounts comply with current statutory requirements and with the requirements of the Clinic’s governing rules.

Annual Report and Unaudited Accounts 2020/21

Page 4

PUBLIC BENEFIT

The Trustees have considered the Charity Commission’s guidance on public benefit and are satisfied that they are meeting the requirements. Specifically, the aim of the charity is to relieve suffering and distress of animals by the provision of a subsidised veterinary service to the pets of those of limited means in the Worthing, Lancing and Littlehampton area which is not covered by any other subsidised veterinary service. In addition there are further funds available to provide assistance beyond the normal subsidy.

REVIEW OF THE CLINIC’S YEAR

In the year ending December 2020 the income of the Clinic amounted to £138,935 (2019= £235,864) being the combined total of professional fees, fund-raising and investment income. Outgoings amounted to £171,007 (2019=£212,640), resulting in a net deficit for the year of £23,224.

During the course of the year the Clinic registered 127 new clients (205 in 2019) and 1395 animals attended consultations and 204 were operated on (1930 and 277 in 2019).

Trustees serving on the board during the year were as follows: Geoff Parrish Karol Jeffery

In the light of their low numbers and lack of volunteers, the Trustees have again not organised or attended any fundraising functions during the year although we are grateful that a number of our members took it upon themselves to raise funds in our name at functions and by other means.

RECRUITMENT OF TRUSTEES

Recruitment of Trustees should be an on-going process as the Charity has never had what could be termed a full complement of active Trustees. In previous year’s recruitment activity had centred on referrals from Voluntary Action Worthing and occasional press advertisements. Voluntary Action Worthing closed at the beginning of 2019 but we have not looked elsewhere for a source of referrals as there had been little apparent interest shown for some time. If suitable candidates do appear they are requested to submit a CV and are interviewed. Initially they are offered a co-opted position on the Trustee board with a view to standing for election as a full Trustee at the next AGM. Training is offered in respect of the work of the Clinic and the duties and responsibilities of Trustees. In light of the very small number of current Trustees, however, any new recruit is expected to be already proficient in the area of their intended contribution to the Board.

Annual Report and Unaudited Accounts 2020/21

Page 5

RESERVES POLICY

A concise and realistic Reserves Policy has been devised and the principles therein are endorsed by the Trustees. Following the annual review of the Reserves Policy in May 2020 it was decided to retain our expected reserves to a range of 1.5 to 2.5 times the total annual operating expenditure. During the year we have maintained the reserves within this range. The next review is at the May 2021 trustee meeting and the current level of reserves will be looked at and amended if thought necessary at that time.

INVESTMENT POLICY

A concise and conservative Investment Policy has been devised and the principles therein are endorsed by the Trustees. Environmental, social, and governance issues are integrated into the overall investment policies of each of our investment fund managers. The Investment Policy was reviewed at the May 2020 Trustee meeting but no changes were felt necessary. The next review will be held at the May 2021 trustee meeting.

EXPENSES POLICY

A straightforward Expenses Policy has been devised and the principles therein are endorsed by the Trustees. The policy follows the guidance of the Charities Commission with regard to trustee expenses and payments. The Expenses Policy was reviewed at the January 2021 Trustee meeting but no changes were felt necessary.

RISK MANAGEMENT

The Trustees continue to keep the Clinic’s activities under review and maintain a full range of insurances to mitigate exposure to loss.

SERIOUS INCIDENTS

The Trustees have satisfied themselves that the charity did not experience any serious incidents or other matters that should have been brought to the attention of the Charity Commission during the course of the year.

OBJECTIVES FOR 2021

In view of the diminished number of Trustees the principal objective for the coming year is to ensure a continuation of the Clinic’s work for the foreseeable future.

Geoff Parrish Chairman

Date

Annual Report and Unaudited Accounts 2020/21

Page 6

Worthing Animal Clinic Annual Report 2020/21 Veterinary Surgeon’s Report

At the time of writing we are still in nationwide ‘lockdown’. As before the clinic remains open for business, but on a reduced basis. Non-urgent and routine cases are being deferred until it is safe to re-open for normal services. Therefore, preventative treatments such as booster vaccinations and neutering will be postponed until later in the year. The effect of this is, of course, to reduce the workload substantially and consultations are down around 40% in the past year and surgeries by 60%. It also means there is less to report here!

Despite that there is still a steady stream of the more urgent cases, and cases which need to be treated for animal welfare reasons. Severe dental disease remains a treatment priority, as does severe dermatitis, heart failure, respiratory problems and ophthalmic problems, all of which we have seen numerous times in the last few months.

One of the more interesting cases involved a Guinea Pig named Baba who presented with blood in her urine. This responded initially to antibiotic treatment but soon recurred. We elected then to sedate Baba and X-ray her abdomen/bladder. This demonstrated a large ‘urolith’ (stone) within the bladder. Guinea pigs are quite prone to developing calcium containing stones within the urinary system and this can be due to a number of reasons, including the type and amount of pellets fed, the type (or lack of) hay in the diet, obesity and low water intake and infrequent urination which are often related to low activity levels. Ultimately there is only one way to treat this condition once diagnosed and that is to remove the stone surgically. Unfortunately, general anaesthetic entails high risk of death in Guinea Pigs – approximately 12 times greater than for a dog or cat, especially when undergoing more invasive procedures like this. We generally give Guinea Pigs injectable drugs to induce anaesthesia followed by oxygen and inhaled anaesthetic by mask. Keeping the little animal warm and hydrated is also important. Then it is a case of trying to complete the procedure as efficiently as possible, as the more surgery is prolonged the greater the chance of complications. Happily, Baba survived the procedure and was awake and eating within the hour. She has made a full recovery with no recurrence of symptoms.

Annual Report and Unaudited Accounts 2020/21

Page 7

A disorder we commonly see is heart disease in both dogs and cats. For dogs this most often takes the form of a degenerating or ‘leaky’ heart valve and is most common in small breeds. The problem valve is what causes a ‘heart murmur’, which is often picked up incidentally during routine examinations – another good reason for regular check-ups especially as animals get older. Some of these dogs then go on to develop something called congestive heart failure, which is basically caused by fluid retention within the lungs and major blood vessels. This causes the most common symptoms of cough and tiredness at exercise, plus sometimes breathing problems. A recent case involved ‘Poppy’ a bright 10 yearold Shih Tzu. Her owner was concerned about a persistent cough and some tiredness. Although Poppy had a heart murmur I wanted to differentiate from other causes of coughing. Therefore, Poppy had a chest X-ray taken. An accurate diagnosis is important because this is a condition which needs lifelong treatment with several drugs, which can of course become very expensive for the owner.

A more amusing case, which was really just an interesting incidental requiring no treatment because it generally causes no problems at all, was a cat with a condition called polydactyl – the presence of extra toes! Our friend had 2 extra on each foot. This is an anomaly present from birth, the cause of which has been tracked to a change in a single gene. Cats normally have 18 toes – 5 on each forepaw and 4 on each hind-paw. The record is 28 toes! This is an uncommon condition rather than a rare one, and interestingly is most prevalent in southwest England and the east coast of North America. Polydactyl cats were often selected as ship’s cats so there is obviously a connection there.

David Thomas BVetMed MRCVS Date Veterinary Surgeon

Annual Report and Unaudited Accounts 2020/21

Page 8

Worthing Animal Clinic Annual Report 2020/21 Treasurer’s Report

There are several reasons why this year’s accounts are difficult to compare with last years. Firstly, 2019 was a very good year for legacies (£68,714) but total income from this source in 2020 was nil. Secondly, although the clinic has continued to function during the pandemic there has been a noticeable reduction in business. Thirdly, as it had become less beneficial for us, we changed from the ‘flat rate’ to the standard VAT payment scheme. This does mean, however, that income and expenditure figures now appear in the accounts on a net of VAT basis. Apparent differences between the 2019 and 2020 figures should therefore be viewed in the knowledge that any (or all) of the above factors may be to blame.

This year’s total income figure is impacted by all three factors and stands at £138,935 (in 2019 it was £235,864, or £167,150 excluding legacies). Similarly, total expenditure was £171,007 (in 2019 it was £212,640). Overall this year’s overall deficit was £32,072 compared with the £23,224 surplus that we had last year. We had budgeted for a likely deficit of about £44,000 so the total reduction in funds (including a reduction in asset values) of £35,857 was not too bad when one considers how much many businesses were impacted by the pandemic. The reduction in asset values by the year end was not as bad as it had been when the initial COVID lockdown commenced. We had, however, also seen a drop in dividend income, partly due to the pandemic.

Compensating somewhat for the absence of legacies we were fortunate to be awarded a £10,000 grant by the IVO Trust. As we have been effectively ‘subsidising’ two of our restricted funds from general funds the opportunity was taken to replenish them with some of the money whilst retaining the rest for other, as yet to be decided, purposes. Normal subscriptions and donations continued at a reasonable level, supplemented to an increasing extent by people using online funding methods. We now receive funds regularly from Easyfundraising, AmazonSmile, Virgin Money Giving and Paypal Giving.

Although, expenditure this year was in many categories similar to last year, after allowing for the net of VAT basis and lower activity, there was also one marked reduction arising from our decision to recognise that the first floor was no longer used as permanent accommodation for a veterinary nurse and we obtained a re-assessment for rates purposes as storage and rest areas rather than as a domestic property. This increased the rateable value for business rates but removed the need to pay full domestic rates on an unoccupied flat. The re-assessment was backdated to the point where the flat had become unoccupied resulting in a significant repayment of overpaid rates.

We managed, during 2020, to avoid the need to release invested assets in spite of the pandemic and, although lack of action by the solicitor involved has seriously delayed the payment of two significant legacies that we are due, their eventual distribution in a timely manner should leave us in a good position to avoid releasing assets in 2021. If not, funding in 2021, and beyond, may still come under strain.

Geoff Parrish Treasurer

Date

Annual Report and Unaudited Accounts 2020/21

Page 9

Worthing Animal Clinic Trustees’ Responsibilities in Relation to the Accounts

Charity law requires the Trustees to prepare financial statements for each financial year that give a true and fair view of the charity’s financial position at the end of the financial year and of its financial activities during the year. In doing so the Trustees are required to:

The Trustees are responsible for:

Annual Report and Unaudited Accounts 2020/21

Page 10

Worthing Animal Clinic

Independent Examiner’s Report to the Trustees of Worthing Animal Clinic

for the year ended 31 December 2019

I report on the accounts of Worthing Animal Clinic for the year ended 31 December 2019, which are set out on pages 12 to 19. This report is made solely to the charity’s trustees, as a body, in accordance with provision 145 of the Charities Act 2011. My work has been undertaken so that I might state to the charity’s trustees those matters I am required to state to them in an independent examiner’s report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility

to anyone other than the charity and the charity’s trustees as a body, for my work, for this report, or for the opinions I have formed.

Respective responsibilities of trustees and examiner As described in the Statement of Trustees’ Responsibilities, the charity’s trustees are responsible

for the preparation of the accounts. The charity’s trustees consider that an audit is not required

for this year (under provision 144(1) of the Charities Act 2011 (the 2011 Act)) and that an independent examination is needed.

under provision 152(5) of the 2011 Act; and

 state whether particular matters have come to my attention.

Basis of independent examiner’s report My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that

would be required 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.

Independent examiner’s statement

have not been met; or

(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Renate L. Cloake Chartered Certified Accountant 70 South Street Lancing West Sussex BN15 8AJ

Date:

Annual Report and Unaudited Accounts 2020/21

Page 11

Worthing Animal Clinic Statement of Financial Activities for Ihe year ended 31 December 2020 2020 Unrestricted End05m￿t Funds Fund 2019 Unrestricted Endomrynent Funds Fund Notes Total Total Donats"ons. sub￿riP￿"0nS & Fund Raisin% Legacies 13,857 13,857 2,624 68.714 71.i38 2%24 68.n4 71.538 13.857 13.8)7 ch￿￿table Artivities kngery Takings l(Yg.142 109.142 146.959 146.959 InVestn￿nts 15,936 15.936 17.367 17.367 Total Income 138,935 138,935 235,864 235,861 Raising Funds Charitable ExFEnditure 168.656 168.6)6 907 210.072 1.105 210.072 1.105 Total ExFenses 171.(M)7 In.007 212,640 212,640 Net Incomel(Expenditure) (32,072) (32.072) 23.224 23,224 Gainsl(Lossesl on Investment Assets 3,785 3.859 74 43,795 43.727 135,857) (35.9311 74 67.019 66.951 Funds brou2ht forward 1.1.20 5LS.893 i43.686 2207 478.874 476.735 2.139 Funds carried forward 31.12.20 13 510,036 i07,7 2,281 545,893 543,686 2,207 Annual Report and Unaudited Accounts 2020/21 Page 12

Worthing Animal Clinic Balance Sheet as al 31 December 2020 2020 Unrestricted Etidowment Funds Fund 2019 Unrestricted Endomynent Funds Fund Notes TotAI Total T￿n￿ble tnvestllLents 50.503 424.751 475.254 50.503 422.470 472.973 53.531 428,536 482.067 53.531 426.329 479.860 2.281 2.281 2.207 2207 St Debt0￿ & PrepayuLents tnvestments Cash at Bank & in Hand 12.107 2.705 11.949 21,938 48,69) 12.107 2.705 11.949 21,938 48,699 I2.(￿1 2,4(Kl 12.061 2.4tx) io Bb 52,OS5 76,OYJ 52,085 76,090 LIABILfTIFS: Amounts lallin due within one Creditors & Accrlla li ear 13.917 13.917 12.264 12.26 34.782 34,782 63,826 63.826 TOTAL NET LfjETS 510.036 507.755 2.281 54i,893 543.686 2.207 Represented by.. 12&13 Desiwted hlluls General funds 43,995 463.7t%> 507.755 43.995 463.760 507.755 38,752 501,9 543,6S6 38.752 501.9 543.686 2.281 2,281 2,207 2,207 TOTAL CHARITY FLTNDS 510.036 507.755 2.281 i4i,893 543.686 2.207 Approved by the Committeeand signed on their behalfby.. Chainnan Trnstee 2oLI Date Annual Report and Unaudited Accounts 2020121 pa￿ 13

Worthing Animal Clinic Notes to the Accounls for the year ended 31 December 2020 I. ACCOUWllNG POIJCIES The accountllig Po￿"￿eS used in the preparation of the accounts are as follows: a) Basis of Preparation and ASses￿nent of Going Concern The accounts are prepared under the lu"storicaL cost conventi¢xL Mrith items reco￿ll5ed at cost or transartion value unless otheTh%ryse stated in the relevant note{s) to these accounts. The fi￿ar￿1￿ statements have been pwared in accordance with the Statexnent of Recommended Practice.. Accountin% and Reporbn£ by knties preparin£ their accounts in acrordance with the Financi￿ Re[￿￿g Standard app]icable in the UK and Repllblic of Ireland (FIS 102) issued on 16 July 2014 and the Financi￿ Reporting Standard applicable in the United Kin2dom and Republic of Ireland (FRS 102) and the Clwities Act 2011. The tn￿teeS consider that there are no material Uncertainti￿ about the Tn￿$ abdity to contmue as a going concern. b) Income Donations, investrnent incotne a￿d Sllndar incoming resources are included in the year in which they are receivable. M.lu"ch is when the charity becoxnes entitled to the resource. it is wobable that the charity receive the resource. and the all￿Unt can be n￿aSured ryth reasonable c￿taInty. Legacies receivable are included in the accounts when they satisfy the following c￿t￿y￿. Entitlement - actual receipt or legally enforceable right to the receipt Certainty - reasonable certainty of receipt Measurement - the monetary value can be measured with sufficient rehabxlity c) ExPer￿e5 All expenditure is incLuded on an accruals basAS and is recognised when there ￿ a legdl or constructs.ve obJA￿tion. The n￿lOrIty of costs are directly attributed to one of the tu￿￿"0na1 categories of resources expended in the Statenient of Financial Activtts"es (￿FAI. Where Costs are shared or cannot LE directly attributed in tlns H'ay they have i￿n allocated on a basis consistent with the use of the resources. Expen5e5 on12aisin£ Fund5 represent exTEnditure incu￿ed in fund r￿sin% and publicity. Governance Costs are those incurred in connection with the administration ot the Ch￿lty and compliance Mryth the constitlltional and statutory reqlllretn￿ts, as an or£anisatio d) Funds Accountin% Unrestricted Funds include both general and designated funds on the following basis.. General Funds comprASe those funds that the Trustees are free to use in accordance the charity's oty"ects,' Designated Funds are those earnwked by the TLUStees for pa￿"CUlar purp)ses. as detailed at note 13. Annual Report and Unaudited Accounts 2020/21 Page 14

Worthing Animal Clinic Notes to the Accounls for the year ended 31 December 2020 l. AccouNfL¥G POLICIES continued d) Funds Accountin% Icontjnued) The endOwn￿lt fund c¢)mprises the Ravenscroft Fund. the incoll￿ of which is avaxjable for the endQwll￿t whose underlyin% inve5ttnent is valued at£2.281 (2019.. £2.2071. e) Depreciation of Tangible Fixed Assets The freehold property is ststed at its acquisition value plus the cost of xmprovetnents. No depreciatson is provided beCa￿e the Trustees Co￿lder to be 1Thn￿tenaL as the property's residual value at the end of its useful life is expected to exceed its carrying value, even taking into account ll￿atio De￿ciatiOn 15 wovided on other fixed a55ets in order to M￿Lte domm their c￿t to their estimated residual value OV￿ their estill￿ted econorrric lives. at the fOllO￿￿g rate: Fixtures & Equipment - 15°A per annum on a straight line bas Computer Equipjnent - 33.3 annum on a straight line basis g Fixed Asset Investments InvestTnents are a fomi of basic fllwicial instrument and are initially recowsed at their transacti¢)n value and subsequently nieasured at their fair value as at the balan￿ sheet date usin% the closin% quoted ll￿ket price. The statenient of financ￿ activities includes the net Rains and losses arASin% on revaluation arLd dLStK>sals throu£hout ttLe year. The charity does not acquire put options, derivatives or other complex financi￿ instrurnts. The niain form of financial risk faced by the cbArity ￿ that of volatility in equity markets and investment rnarkets due to wider economic condits"ons, the ath.tude of inv￿torS to investrnent risk, d changes In sentunent concerning equits.es and witbin particular sectors or sub %ctQTS. g) St(￿ks Purchased st(th are valued at cost. h) Vallle Added Tax from 1.1.20 tradin% income and all expenditure is shown net of VAT as the Flat Rate scheme was ceased. Prior to thi.s date tradin% income and expenditure was shown inclusive of VAT suLT"ect to the spEc￿l rules for Lar%e capital itetns, in line with the VAT Flat Rate ￿henle, with net paynwits to HM Revenue & custo￿ included under direct chan"table exFEnditLWe. None of the Trnstees lor any person connected them) received any remutwation during the period. None of themhave been reimbttrsed for expenses. 2020 2019 Unresbicted Fund. arising frollL' Listed Investments Bank etc. Deposits 15.894 42 17.297 70 Annual Report and Unaudited Accounts 2020/21 Page 15

Worthing AnimaI Clinic Noles to the Accounts f or the year ended 31 December 2020 Raisin Funds 2020 2019 Salaries & NIC (Note 5) Publicity EX￿￿S 914 530 474 1,463 Cjiaritable Ex diture 2020 2019 Drngs, LaLx)ratory Tests & Consu￿bIeS 30.605 4.471 42,246 8.032 16,426 117J41 2,467 1587 1203 1.051 1,165 VAT pyable Salaries. NIC & LI￿ni Fees (Note 5) Rates & Water tight & Heat urance (Note 6) Postage, Ststionery & Advertising Telephone Training including Travel & Accommodation Repairs & Renewals.. Equipn*nt Property 114.448 {692) 1/16 lJ21 59) I,￿5 330 6,155 175 924 777 2.123 109 294 3.028 1.172 168,656 7.49) 787 Le%al and Professional 1324 2.135 Cleanin£ & Laundry Sundry Expenses Depreciation. Equipment Bad Debt Provision Totsl Costs 314 3.132 210,072 Less Surwy Takin l(D.142 146,959 Net subsith.sed Costs of Anllnal Treatment 59,514 63,113 2020 2019 Independent Examiner's Fee Sundry Expenses 650 455 1.105 472 907 Annual Report and Unaudited Accounts 2020/21 Page 16

Worthing Animal Clinic Noles lo Ihe Accounls for the year ended 31 December 2020 5. sfAFF COSTS 2020 2019 Wase5 & salatu.es 77,991 3,191 16 33.664 115,362 77.647 4,165 466 36,052 118,330 Pension Costs Locum Fees Averase number of employees (excludJn8 locu￿) No employee reC￿ved Temuneratson (rf more than £60.0(M). The charity COL1side￿ its key xl￿7a￿￿ent pe￿O￿ne1 to comprise the trn5tees. No kny n￿lage￿lent perSOLULel recei￿ any e￿P10Yrne￿t knelits. 6. INSURANCE Insurance xndude5 indejmuty cover of £250,(XIO at a cost 0£ £53012019.. £250,(KIO at £575). 7. TANGIBLE FtXED ASSE[5 Freehold FIxt￿e5 ConL ter Total Cost.. At 1.1.20 Addxtions Disposals At 31.12.20 125,719 41.615 71,711 12,393 125,719 41,615 71.711 12.393 DeprecLatsoxL At 1.1.20 Charged for the year "sposals At 31.12.20 72.188 3,028 62.735 1.813 9.453 1215 75,216 64,548 10,668 Net Book Vaiue5'. At 31.12.20 50,503 41,615 7.163 1.725 At 1.120 53,531 41,615 8.976 2,940 The Charity Commtssion acts as cllstodx.an tsustee of the freehold property. Fixed Jnterest Total Investxnents Funds F COIF sutL a) Fixed Assets.. Market Value at 1.1.20 Addxts"or Disposals Chanse in Marketvaiue -Marknt Value at 31.12.20 428,536 2,207 292,576 133,753 {3,785) 74 8,977 (12,8361 Histotical C<￿È At 31.12.20 284,825 2,141 187.i24 9).160 Atl.1.20 284,825 2,141 187,i24 9i,160 A￿￿1￿[ Report Unau&ted Accounts 2020/21 Page 17

Worthing Animal Clinic Noles to the Accounts f or the year ended 31 December 2020 contjnued At 31 Decemirr 2020 I￿ted investtnents included no security comp￿In% 5% ¢)r ll￿re of the F￿0110,5 valuation. All investsnents are carried at their fair value. The investsnents and hmds comprise. and income arisinR relates to, COIF Fixed Interest Fund, COIF Charits"es Investment Fund, COIF CharitLes Property Fund, SLryL Cazenove Chan"ty Equity tncome Fund, sufL Cazenove Charity Mults".Asset Fund. GainslLosses on investtnents assets as shown on the face ot the Statement ot Financi￿ Acti￿￿eS relates to reaIised Rain of Thlil and unrealised losses of £3,785. The s[RrnfiCan￿ of fJnaM"aL instruments to the onkwin% flnanci￿ sustainabiJity of the charlty is considered in the fiTWiCtal reviem. and investU￿t policy and perfomwice sects"(Ms of the Trustee b) CUrr￿t Assets: These comprise COIF dewits. 9. sfocK 2020 2019 Drng5, Dwbles & Fo(Kl 12.107 I2.￿] 10. DEBTOIZS & P12EPAYMENrts 2020 2019 Trade Debtors Prepayments & Accrned Incon 140 2.563 2,70i 1,497 2,4 11. CIIEDrroRS & ACCRUALS 2020 2019 Trade Creditors Sundry Creditors & Accruats Taxes & S(Kial Security Costs 2.476 7.903 3.538 13.917 4.322 5.294 12,26 11 ANALYSIS OF NET ASSETS BETWEEN LINRFSTIUCTED FLTNDS General Funds Desi Funds Total Fund balaT￿e$ at 31 December 2020 are represented by. Tan2ible Fixed Assets Investsnent Assets Current Assets Current Liabilities iO.i03 422.470 48,699 (13,914 507.755 50.503 388.639 38,515 (13.914 463,760 33,811 10,184 43,995 Annual Report and Unaudited Accounts 2020/21 Page 18

Worthing Animal Clinic Notes to the Accounls for the year ended 31 December 2020 Incomin Resources Investsnent Fund At 1.1.20 Resources E ded ￿￿Gain Transfers At 31.12.20 oss General Funds 501,934 137.956 (In,(xJo (5.891) 12.2321 463,760 De￿￿tea Funds Van Pyrzeel Elsie Pom'ell Dog NeuterirLg Fund BIOCKI TestJn2 Fund 32,460 6292 979 2.032 11.2881 34,183 6,292 1,924 1,596 43,995 1.924 1,596 2,232 38,752 979 2.032 Total Unrestricted Funds 543,686 138,935 {171,W71 (3,859) 507,755 The Van Peperzeel fund was estabhshed followin% the receipt of a £50,0(K) le%acy from the estate of the deceased in 21J)4. The fund is used to provide a sub%"dised vaccinats.on and free rnicr(Khipping ￿hell￿. The Elsie Pom'ell fund is used to provide an additionat s￿￿laY for Tecific treatn￿t5 beyond nieans at the discretion of the yet￿ Sur￿0￿ and was e5tab]ished foll0H￿g receipt of a generous leKacy frollL ttLe estate of the deceased in 20(M. The Dog Neutering Fund was estabjished in 20[￿ on the initiative of a fornier chairw Cuy Freeland. to encoura%e do2 01￿￿1erS to neuter their pets. This year a totsl of £340 has been used to subsidtse the cost of dog neutering. £2,264 was transferred xnto the fund follo1￿ng a donation from the IVO trust. The Blood TestJn% Fund was establthd in 2011 from a le%acy received from the estate of Dorothy M WiR%s. The fund is used to the lease of a blood testing n￿ChIne for the clinic. Thi"s year a total of U,140 was spent to SUb￿"dIse this cost. £2,736 was transferred into the followin% a donats.on from the IVO trust. Annual Report and Unaudited Accounts 2020/21 Page 19

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