2022-12-31-accounts

ANNUAL REPORT and UNAUDITED ACCOUNTS 2022/23

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

Telephone: [phone] Fax: [phone] e-mail: [e-mail] website: www.worthinganimal.co.uk

Worthing Animal Clinic Annual Report 2022/23 Contents

• 1 Contents

• 2 Reference and Administrative Information

• 3 Chairman’s Report

• 4 – 6 Trustees’ Report

• 7 – 8 Veterinary Surgeon’s Report

• 9 Treasurer’s Report

• 10 Trustees’ Responsibilities for the Accounts 11 Independent Examiner’s Report

• 12 Statement of Financial Activities

• 13 Balance Sheet

• 14 – 19 Notes to the Accounts

Annual Report and Unaudited Accounts 2022/23

Page 1

Worthing Animal Clinic Annual Report 2022/23 Reference and Administrative Information

STATUS

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

CLINIC AND PRINCIPAL OFFICE Anthony House, 30-32 Newland Road, Worthing, West Sussex, BN11 1JR Tel [phone] Fax [phone] Email: [e-mail] Website: www.worthinganimal.co.uk

PATRON –

Hon Alderman Nick John

TRUSTEES – CHAIRMAN & TREASURER NEWSLETTER EDITOR Geoff Parrish 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 2022/23

Page 2

Worthing Animal Clinic Annual Report 2022/23 Chairman’s Report

Looking back at last year’s report I see that whilst I was hoping that the impact of COVID would be less, inflationary pressures were likely to produce alternative problems. If only predictions were always that easy. Although our client numbers rose, they are still not back where they used to be but whether this is due to continuing COVID fears or inflationary pressures is anyone’s guess.

One possible ongoing impact of the ‘COVID working from home’ attitude does however seem to be that we have an increased number of supplier problems that not only arise but then take a long time to put right – or perhaps it is just an example of deteriorating efficiency.

We have obviously encountered our own inflationary pressures, but the team are to be congratulated on keeping our costs under control at all times and, so far, keeping our heads above water. Donations do not seem to have been adversely impacted and, quite probably, our members recognising the potential problems have continued to keep their financial support coming in.

I am sure that, after my comments on legacies in my last two reports, members will be expecting an update on the situation. In the event we did eventually receive a payment from the estate of one of our long-standing members who had been both client and supporter over the years. Following receipt of the payment I did raise an official complaint with the solicitors who although being willing to “confirm that my complaint is partially upheld” nevertheless saw no reason to do anything other than suggest I should go to the Legal Ombudsman. This has been done but the wheels will grind very slowly as the Legal Ombudsman is “currently dealing with a high volume of enquiries”. I wonder why!

Interesting discussions took place with our insurance brokers this year concerning the fact that our address is shown as at High Risk from flooding due to surface water. No problem arises from rivers or the sea just excessive rain. Although there have been no issues for as long as anyone can remember we were obliged to produce a full risk assessment for the insurer. Having done this, we were then instructed to also produce a full contingency plan for how we would deal with the consequences of this flooding. It would appear that our submissions were sufficiently detailed to satisfy the insurer, albeit that we now have an increased excess of £1000 applying to any damage arising from storm or flood.

Once again, we are incredibly proud of the efforts made by all our staff (and locums) over the year and many thanks are due to all at the clinic.

	Geoff Parrish Chairman	Date

Annual Report and Unaudited Accounts 2022/23

Page 3

Worthing Animal Clinic Annual Report 2022/23 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 two-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 bookkeeper 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 2022/23

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 2022 the income of the Clinic amounted to £160,268 (2021 = £179,584) being the combined total of professional fees, fund-raising, and investment income. Outgoings amounted to £183,539 (2021 = £181,761), resulting in a net deficit for the year of £23,271.

At the Clinic, during the course of the year, 1601 animals attended consultations and 222 were operated on. The corresponding figures for 2021 were 1468 consultations and 205 operations.

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

In the light of their small 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. Currently the Trustees are not actively seeking potential new members as there had been little apparent interest shown for some time. If suitable candidates do appear they will be requested to submit a CV and be interviewed. Initially they would be 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 2022/23

Page 5

RESERVES POLICY

A concise and realistic Reserves Policy has been devised and the principles therein are endorsed by the Trustees. The Reserves Policy was reviewed at the Trustee meeting held on 7 June 2022 and, apart from updating some of the figures in the policy statement, it was agreed that no other changes were required. During the year we have maintained the reserves within the required range of between 2 and 3 times the total annual operating expenditure. The next review is at the June 2023 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 2021 Trustee meeting held on 7 June 2022, but no changes were felt necessary. The next review will be held at the June 2023 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 had been reviewed at the December 2021 Trustee meeting, but no changes had been felt necessary. The annual review will normally be held at the February Trustee meeting and, accordingly, the Expenses Policy was agreed with no changes at the Trustee meeting held on 9 February 2023.

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 2023

The principal objective for the coming year is to ensure a continuation of the Clinic’s work for the foreseeable future.

Geoff Parrish Date Chairman

Annual Report and Unaudited Accounts 2022/23

Page 6

Worthing Animal Clinic Annual Report 2022/23 Veterinary Surgeon’s Report

The events of the last few years, which everyone knows so well, namely Brexit, Covid pandemic and high inflation have had wide-ranging effects on the veterinary industry, and the clinic has not been immune to these.

They include:-

• A UK shortage of qualified veterinary staff, with consequent recruitment problems and difficulties in finding adequate locum cover for holidays.

• As a consequence, a substantial increase in locum fees.

• Supply chain problems affecting many veterinary medicines and supplies, especially vaccines, necessitating delays in treatment whilst sourcing alternatives, sometimes at higher cost.

• The acquisition of large numbers of pets during lock-down periods, often by inexperienced or unprepared owners, with now a consequent population of untrained, anxious (aggressive?) and poorly socialized dogs and stressed cats and rabbits subjected to over-crowding and inadequate environments.

• A huge increase in importation of pets to ‘meet demand’ with concerns over previous history and imported exotic disease.

• An increase in the cost of living leading to animals previously acquired in haste now being abandoned en masse.

Cats Protection have recently labelled this phenomenon ‘an animal welfare crisis’, and the same organization have acquired evidence of lower spending on routine treatments, preventative medicine and pet insurance and owners delaying or pausing essential treatment due to cost.

This latter point has certainly been borne out by our experience at the clinic where numbers of routine treatments and check-ups have not regained preCovid levels, and as ever, veterinary attention being sought later than appropriate. The Dog’s Trust is currently stating an intention to lobby parliament for a ‘VAT holiday’ on veterinary treatments. Not a bad idea, but once again a short-term crutch for a more persistent problem. The conversation we ought to be having, perhaps, is about the value of animals and the true longterm level of commitment necessary when owning one.

The subsidised service provided by Worthing Animal Clinic remains very relevant in the current environment of course, and we continue to receive multiple enquiries from prospective new clients every working day.

Annual Report and Unaudited Accounts 2022/23

Page 7

The clinic continues to do vital work and a recent case illustrates this. ‘Penny’ a 12-year-old cat presented to me with a very painful and weeping right eye. It was immediately apparent to me that the eye was in a seriously bad way, with the whole cornea opaque rather than clear and coated with an exudate. I suspected that this had been caused either by something caustic entering the eye or by acute infection. Unfortunately, after several days intensive treatment with antibiotics and analgesics no improvement was apparent, so the decision was made to remove the painful eye by a procedure known as enucleation. Pictures are here, so for the squeamish, look away now*. Removal of an eye is relatively straight-forward requiring careful dissection. The challenge is in ligating the main blood supply which lies very deep in the socket, also in filling the space left behind. I use a meshwork of fat, muscle and suture material in several layers which seems to work well, and the cosmetic result is often surprisingly good. Penny, like the majority of our patients, recovered quickly and was eating within 1 hour of surgery – a sure sign of a pain-free cat!

David Thomas BVetMed MRCVS Date Veterinary Surgeon

• [*Photographs of the above operation may be found in our Spring Newsletter – a copy of which is sent to all our members and is also available from the clinic]

Annual Report and Unaudited Accounts 2022/23

Page 8

Worthing Animal Clinic Annual Report 2022/23 Treasurer’s Report

At this time last year, as a result of the delay in payment of legacies due to us, I reflected on both the fact that we had to release assets in 2021 and, were quite likely to have the same need in 2022. In the event tight control of expenditure did avoid the need to release assets until after the year end and, with notification of a couple of further legacies received towards the end of 2022 we may be able to avoid any further release. Over the year we did see a reduction in the value of our investments anyway due to stock market fluctuations.

This year’s total income figure stands at £160,268 or £145,990 excluding legacies. In 2021 it was £179,584 or £133,945 excluding legacies. Similarly, total expenditure was £183,539 compared with £181,761 in 2021. Overall, this year’s overall deficit was thus just £23,271 compared with the £2,177 deficit that we had in the previous year. These figures clearly show how much impact different levels of legacy income have on the charity finances. We had budgeted for a possible deficit of up to £40,000 so in the event the situation was not as bad as we had feared. The reduction in stock market values did damage the total asset valuation and total charity funds have fallen from £558,734 at the end of 2021 to £493,456 at the end of 2022.

I reflected last year on the fact that our subscriptions and donations continue at a reasonable level even without any specific fund-raising activities. 2022 followed a similar pattern and we continue to see regular receipts of funds from online funding methods (Easyfundraising, AmazonSmile, and Paypal Giving). Unfortunately, of these AmazonSmile, like Virgin Money last year, is about to cease operations.

There is little of note within this year’s expenditure other than to mention that we did build up a large VAT deficit due to the system HMRC use to calculate what we should pay in advance. The accounts have obviously taken this into account. What we have not been able to take into account is what we think is a potential payment due to one of our suppliers who whether affected by “working from home” or some other reason does seem to, for ever, be late in providing invoices.

When our budget figures were produced at the end of 2022, we were anticipating a significant deficit for 2023 of the order of perhaps £40,000 similar to that expected for 2022. Hopefully, however, as we were subsequently advised of two legacies, we will have the same experience as in 2022 and the deficit will be much smaller. To what extent higher inflation will impact all aspects of the business whether number of clients or the overhead costs is anyone’s guess, so I make no predictions.

Date

Geoff Parrish Treasurer

Annual Report and Unaudited Accounts 2022/23

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:

• select suitable accounting policies and then apply them consistently;

• observe the methods and principles in the applicable Charities SORP;

• make judgements and estimates that are reasonable and prudent;

• state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;

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

The Trustees are responsible for:

• keeping proper accounting records which disclose with reasonable accuracy the financial position of the charity at any time, and which enable them to ensure that the financial statements comply with the Charities Act 2011 and the applicable Charities (Accounts and Reports) Regulations;

• safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Annual Report and Unaudited Accounts 2022/23

Page 10

Independent Exami￿5 Report to the Tn￿tee$ of Worthins Aninul Clinic for the year ended 31 December 2022 I reF￿rt on the aCc(￿￿ts of Worthing Animal Cljnic for the year ended 31 December 2022. which are set [￿t on pages 12 to 19. This reF￿rt is ll￿de soiety to the chan"Ws trustees. as a txly. in accorda￿ with provision 145 of the Charitie5 Act 2011. My work ha5 been undertaken 50 that I might state to the charity5 trustee5 those matters l required to state to theni in an indeFEndent examinee5 rewt and for no other purpose. To the fullest extent wtted by ]aw. I do not accept or assume won5ibility to anyone other than the clwity and the charitys tTUStees as a body. for my Work. for this reE￿ OT for the opirnons I have forn)ed. Respective responsibilities of trustees and exami As descril￿ in the statell￿t of TTustee5' Re5pns1b￿ltie5, the cl￿1￿5 t￿￿tee5 are rwible for the preparation of the accounts. The d)arityrfs trustees consider that an audit is rLOt required for this year {under provision 14411) of the Cknrities Act 2011 (the 2011 Act}) and that an indeFndent exaMI￿tion is It is my resp)ftsibility to.. examine the aecounts under provision 145 of the 2011 Aetr. . follom, the Pr￿edUleS down in the General Dwections ￿Ven by Qwity Comrri￿ under provision 15215} ofj the 2011 Art,. and State Mthether Particu￿ ll￿tter5 have corne to my attentio Basis of thdependent examart&s report My examination wa5 carried out in accordance with the General Direction5 ￿Ven by the Charity COMM￿51(￿n. An eXami￿tion indudes a reviem, of the accounting re¢or(ts kept by the charity and a Compari￿ of the accounts presented with those records. It also includes consideration of any unusuat items or dlsdosu￿S in the accounts, and seeking expLAnati(ms from you as t￿￿tee$ concerning any such n)atters. The pr(xedures undertkn do not provide all the evidence that would be required in an authr and cwuently no owi)n 15 ￿Ven a5 to whether the account5 present a 'trne and fair view and the report is limited to those matters set out in the staten￿t ￿lOw. tndependent exati)ine<s Statett￿t (l) which ￿yeS me reasonable cause to ￿lIeVe that in any material resFWt the requirements to keep accounting records in accordance with provision 130 of the 2011 Ac¢. and to prepare accounts which a¢rord with the accounting records and comply the accounting reqUirem￿ts of the 2011 Act have not I￿n met: or (2) to whiekL in my opiniorn attention should be drawn in order to enable a prow understAnthg of the accounts to ￿ reached. Date: 10th May 2023 Renate L. Cloake Chartpred Certified Accountant 70 South Streol Lan(.ing Wesi Sussex BN15 8AJ Annuat Report and Unaudited Accounts 2022/23 Page 11

Worlhing Animal Clinic Stalemenl of Financial Aclivilies for the year ended 31 December 2022 2022 Unrestricted Endowment Funds Fund 2021 unrestn.cted Endowment Fun(ts Fund Notes Total Total Donats"ons, subxripts.ons & Fund Pai5in% Legacles 4.274 45,639 49,913 4.274 4).639 49,913 14,278 18,742 14,278 18,742 Chan"table Acts"vities 125537 125537 113,844 113,844 InVeStn￿￿ts 15,989 15,989 15,827 15,827 Total bKome 1611,26S 160,268 179.584 179.384 EXFENTSFS o R2sing Funds Ckntsble Expenditure iJ78 181.577 iJ78 181577 1352 179.585 824 1.352 179.i85 824 Totsl Expenses 183.539 183539 181,761 181.761 Net ￿￿orne1(ExpenthtUTe) {23,2n) {23,2n) (2,IT4 11177) Ga￿￿1{Lo55eSj on Jnvestment Assets {42,W7) 41.740 267) 50,875 51,025 11501 (65,278) {65,011) 1267) 48,698 (1501 Funds broutht fO￿ard 1.1.21 558,734 s￿,603 2,131 510,036 507,755 2,281 Funds canlled fonvard 31.12.21 13 493,456 491592 1.864 558.734 s￿,603 2,131 Amnual Report and Unauthted Accourts 2022/23 Page 12

Worlhing Animal Clinic Balance Sheel as at 31 December 2022 2022 Unre5tncted Endowll￿t Funds Fund 2021 Urwe5tncted End0Wu￿t Fut Fund Notes Totsl Total Tan￿b]e Investments 45.269 413,619 458,888 45.269 411,755 4?7.024 47.533 455.626 i03.159 47.533 453,495 501,028 2,131 2,131 St￿k Debtors & Prepayments Jnvestsnents 14.280 2,583 9,220 21.947 48,030 14,280 14.119 14,119 2,46) io 8b 9,220 21,947 48,￿30 41.6% 63,944 41,696 UABtLrrIE5.. Amounts fallin due withxn one creth.lors & AcCn￿lS li ear 13,462 13,462 8J69 31.568 55,575 5).575 TOTAL ASSETS 493.456 491.392 558,734 556.603 2,131 Represented by. tksignated funds General funds 39.552 452,040 491,592 39,)52 4i2,tllo 491,i92 45.985 510.618 i56.603 4),985 510,618 556,603 1.8&1 2.131 2,131 493,4)6 491.i92 i58.731 556,603 2.131 airman Trustee 13 APYLL 2023 Date Annual ReF￿rt and Unaudited Accounts 2022/23 P28e 13

Worthing Animal Clinic Noles to the Accounts for the year ended 31 December 2022 I. ACCOUYIING POLICIFS The accounting policies used in the preparation of the aLxounts are as follows.. a) Basis of Preparatson and Assessment of Going Concern The accounts prepared under the historical cost conventiotl Mryth items reco￿)15ed at cost or transaction value unless Othen4ry 5tsted in the relevant notelsl to the￿ aeeounts. The fina￿la] statements have prepared in accordance with the Statenwit of RecoMn￿ded Practice". Accounting arLd Rew)rtin% by C]￿ltIeS preparing their account5 in amdance the Reportjng Standard aPpI￿able in the UK and Repubtsc of treland (FRS 102) issued in c￿t0￿[ 2019 and the Reporting Standard apphcable in the United K￿￿don1 and RepublLC of Ireland (FPS 102) and the CharAtLe5 Act 2011. The tn￿teeS conslder that there are no material ￿￿erts]nt￿ aix)ut the Trusfs abth.ty to conlinue as a golng concerrL b) Income in W￿"Ch they are receivable, W.h￿h is M,hen the chan.ty becomes ents.tied to the resource, it xs probable that the clwi.ty Mryll recexve the resource, and the amount can be measured with reasonable certajnty. Legacies receivable are included in the aLfOtmts when tw satssfy the following criteria.. Entitlemtht - actual receipt or legally enforceable right to the receipt - reasonable certainty of receipt Measurement . the monetAry value can be measured with sufficient rehabi]ity c) Expenses All expenditure is induded on an accruals basis and is reco￿lised when there is a legal or conStn￿￿"ve obts%ation. The uoiority of costs are d￿eC￿v attributed to one of the function catewes of re50urce5 eX￿dea in the St￿tell￿￿t of Financi￿ ActivitRe5 ISOFAI. lknre costs are shared or carnot ￿ directly attributed in this way they have ien allLxated (m a ba515 consistent with the use of the res(Trurces. Expenses on Ra￿% Funds represent exFenth"ture incLwred in fund raisin% and pubh"aty. d) Funds AccountJn% Unrestricted Funds Eoth Beneral and designated ftmds on the follomryng basis: General Funds comprise those funds that the Trustees are free to use in aCcOrdar￿ with the chanty's otyects; DesAgnated Funds are those earmarked by the TTh￿tee5 for Particu￿ purposes, as detailed at note 13. Annual ReF￿rt and Unaudited Accounts 2022/23 Page 14

Worthing Animal Clinic Noles to the Accounts for the year ended 31 December 2022 I. ACCOLTNILNG POLICIES continued d) Funds Accountin2 (continued) The endomrynent fund comprises the Ravenscroft Fund, the itKome of which is available for the repair and MaInter￿nCe of the ciwity's premises. The fund consists of a Fern￿￿t end0￿ryne￿ M,hose underlyinR investment is valued at £IA6412021: Q131}. e) Depreaation of Tanglble Fixed Assets The freehold proFerty As stated at its acquisition value plus the cost of improvem￿ts. INO depreciation is provided i￿CauSe the Tnth consider this to be immaterial. as the proFety's residual value al the end of its useful life is expected to exceed its canying value, even taking into account u￿atiO Depreciation is pOVid￿ on Ott￿ fxxed a55ets In order to write dowii thexr cosl to ttLeir estitiuted residual value over their estltr￿ted economic lives, at the fjollowing rate.. Fixtures & Equipment . 15 m per annum on a straight line basis Computer Equipment . 33.3°A per annum on a straight line basis 9 Fixed Asset Investsi￿nts Investments are a forni of basic financ￿ xnstrlllnent and are initially r£rO￿lsed at their transaction value and subsequently measured at theAr fair value as at the balance sheet date usin% the closin quoted market price. The statejnent of activities ]￿l￿deS the net Rains and losses arisin% on The ctwity does not acquire put options. derivatives or other complex fina￿la1 instrurnts. The main form of financ￿ risk faced by the charity is that of volatility in equity markets and investL]rnlt markets due to wider economxc conditions, the attitude ot Investors to inveStn￿t rxsk g) Stctks Purchased stc(ks are valued at cost h) Value Added Tax Tradin% income and all eXp￿]￿.t￿re is shown net of VAT. None of the Trustees {or any person connected them) received any remuneration during the Fenod. None of them have been reimbursed for exFenses. 2022 2021 L￿ted Jnvestrnents 15%60 129 15.823 Annual ReF￿rt and Unaudited Accounts 2022/23 Page 15

Worthing Animal Clinic Notes lo ihe Accounts for Ihe year ended 31 December 2022 Raisin Funds 2022 2021 Salanes & NIC INote 5) Pubhcity Expenses 822 1,378 1,332 Charitable Ex diture 2022 2021 Drugs, Laboratory Tests & Consu￿bIeS Emer%erq Cover Salanes, NIC & Lc£um Fees (Note 5) Rates & Water Light & Heat Insllra￿e (Note 6) Posta%e. Stationery & Adverbsm Telephone Trainin£ 1ndudll￿ Travel & Accommodation Repairs & Renewals: Equipment 37.637 4,928 117,571 I,o&s 34,024 9,694 115,707 1,481 I,￿9 1,285 720 1,330 1,018 3% 5.889 81x1 931 783 2.43) 123 272 2.2(A 6.219 120 Legal and Professional Bank Q)ar2es Oeaning & Laundry 2.127 123 229 2.970 i19 179.585 Depreciation. Equipment Bad Debt PrOv￿10n Total Costs 181.577 Less Surgery Talangs Net su￿"diSed Costs of Anjmal Treatnient 125.537 113N4 65,741 2022 2021 Indep￿dent EXa￿iner'S Fee 41 824 5&1 Annual ReF￿rt and Unaudited Accounts 2022/23 Page 16

Worthing Animal Clinic Notes lo Ihe Accounls for Ihe year ended 31 December 2022 5. sfAFF C(M5 2022 2021 Wages & Salanes 79,919 2.622 i37 35.315 76,&13 3,078 516 36,(bO Pension Costs L(xum Fees Average numter ot employees IvAdudmg I(￿un￿) No employee received remunerats.on of more than £60,CIJO. 'Ihe chan.ty CODSiders Ats key management personnel to comprise the trustees. No key rnanagement persoDnel re(eived any eMployn￿lt ￿nefIts. Insurance includes indemnity cover of £2￿.￿￿] at a cost of £6(ll12020: £250.CXII at GYJ). 7. TANGIBLE FIXED A￿E[s Freehold Fixtures Com ro Total Lostr. At 1.1.22 Adthtions 125.719 41.615 n,ni 12,393 At 31.12.22 Depreciatio At 1.1.22 Charged for the year Disposals At 31.12.22 2,261 1,751 510 Net Ik)ok Values.. AtJi.12.22 4),2bY 41.bl J.b At 1.1.22 41.J33 41.61 .4L 'Ihe Lknrity LOnun￿On acts as custod￿] tnts ot the treehold propety. Fixed Interest Lotal Investnients Trunds co unds al Fixed Assets.. larket Value at 1.1.22 Additions 455.626 2,131 321210 131.285 Change in Market Value Market Value at Jl.12.2 (42,007) 1267) {37,7?4) 14,0161 frI￿OnCaL Lost At Ji.12.22 /b,24J 2,J41 i/a.y y).1 At 1.1. 2/b.24J 2,141 i/¥.Y42 yJ.ItA) Annual ReF￿rt and Unaudited Accounts 2022/23 Page 17

Worlhing Animal Clinic Notes lo ihe Accounts for Ihe year ended 31 December 2022 continued At 31 DeLEnkn 2022 JAsted investnients included no security coMPn￿ng 5% or oiore of the portfoh"o's valuats"orL All inve5trneThts are carried at their fair value. The lnvestll￿its and tunds comw, and income re]ates to, COIF Fixed Interest Fund, COtF CTrwitie5 Investuwit Fund. COIF Ckwities Property Fund SLryL Cazenove Chanty Equity Inc¢xne Fund, and SLITL Cazenove Chanty Mults.A55et Fund. Gainsltnsses on investznents assets as shomm on the face of the Ststement of Financi￿ Activities relates to no realised gains or losses and unrealised loss of £42.007 The siwhcance of fJnancAal instrun￿nts to the ongojng finan￿ sustainabthty of the chanty is considered in the finana.al review and investment Pol￿ and perfornwKe sections of the Trustees. b) Current Assets.. These compnse COIF depo￿ts. 9. sfccK 2022 2021 Drugs, Dwbles & Food 14,280 14,119 10. DEBTORS & PREPAYMEN15 2022 2021 Trade Debtors Prepayments & Accrued 2,101 2,583 2.465 2.465 11. CREDrroRs & ACCRUALS 2022 2021 Trade Credxtors Sundry Creditors & Accruals Taxes & SC(￿1 Secunty Costs 3,111 3,766 6,585 13,462 2,559 3,893 1,917 8,369 Total Funds Funds Fund bala￿ES at 31 DeceM￿r 2022 are represented by: Tan%Able Fixed Assets Investment Assets Cturent Assets Current Liabth"ts"e5 45,269 411.755 45,269 3T7,637 42,596 {13.462) 4?2,040 118 5,4&1 {13.462) 491,?92 39,552 Annual ReF￿rt and Unaudited Accounts 2022/23 Page 18

Worthing Animal Clinic Noles to the Accounts for the year ended 31 December 2022 Resources Investment Fund At 1.1.22 Resources Ex Loss Gain Transfers At 31.12.22 General Funds 510.618 159,243 1183.5391 (37,2511 2.%9 452,040 DeS1￿￿tea Funds Van Peperzeel E]sie Pomtell Dog Neutering Fund BI(￿ Test￿2 Fund {4,4891 (1.624) 33,260 6.292 6.292 (889) 4)6 14,4891 (2.969) 456 45.985 1.025 39.552 Total Unreslricted Funds i56.603 160,268 1183.5391 (41,7401 491,i92 The Van Peperzeel fund H'as established foll0m￿R the receipt of a £￿,(KKI le%acy from the estate of the deceased in 2(J)4. The (und is used to provide a subsidxsed vaccinats.on a￿d free microthipping scheme. The Elsie Powell fund is used to provide an addits.onal sub￿"dY (or speafic treatments teyond owryiers. Mea￿ at the discretion of the veterinary surgeon and was establthed folloming receipt of a generous le%acy from the estate of the deceased in 2(XM. The Dog Neutering Fund was established in 2(N)8 on the initiative of a fornier Chair￿ Guy Freeland, to encoura%e doR owners to neuter their pets. This year a total of £421 has been used to sUbsid￿e the cost of dog neuterlng. The Blocd TestinR Fund was estsblished in 2011 from a le￿cY received from the estate of Dorothy M WA£2S. The fund 15 used to linance the le¢Lse ol a bIOL￿ te5txng xnachxne for the clxnic. Thi5 year a totsl of £942 was SFent to subsidise this cost. Annual ReF￿rt and Unaudited Accounts 2022/23 Page 19

Annual Report and Unaudited Accounts 2022/23 Page 20