2023-12-31-accounts

ANNUAL REPORT and UNAUDITED ACCOUNTS 2023/24

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 2023/24 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 2023/24

Page 1

Worthing Animal Clinic Annual Report 2023/24 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 2023/24

Page 2

Worthing Animal Clinic Annual Report 2023/24 Chairman’s Report

I have again looked back at my report last year to see how far we have moved on in the space of twelve months. Sadly, the answer is not that far. Client numbers have continued to rise but are still not fully back to where we were pre-COVID and possibly because of the continuing inflationary pressures our ‘no-show’ numbers have increased this year. The staff have dealt with our own inflationary pressures well and our costs have not risen to unmanageable levels, however. Similarly, donations, although down, do not appear to have been too adversely affected.

My fears that supplier problems were being caused by ‘working from home’ may not have been the case as we continue to encounter them, and we now feel that my alternative theory about deteriorating efficiency is nearer the mark.

On the legacy front regular updates from the Legal Ombudsman at least kept me in the picture about how their backlog of complaints was slowly clearing and, although nothing happened during 2023, their investigation of our complaint will take place in the second quarter of 2024. Suffice to say that a further legacy from the solicitor concerned which should, according to their own schedule, have been settled by the end of 2023 has not been and no explanation or information has been forthcoming either. We did however receive a substantial legacy, via another solicitor, during the year.

At the end of 2022, our provider of computer technical assistance advised us that he was taking on a new role but helped in the transition to a new source of backup for us. What is clear is that we had been receiving excellent service from him over the years and are now having to come to terms with not only a less personalised and more corporate service but also a more expensive one.

It has always been our aim to ensure that our staff are adequately rewarded for their efforts and even when we were hearing stories of other charities expecting their staff to accept zero pay increases at least tried to keep them in touch with increased cost of living. It was a bit of a surprise therefore to find that we were getting close to breaking minimum pay regulations. We wonder how many other small charities (and their staff) have not realised the substantial increases there have been over the last couple of years in National Minimum Wage.

The previous paragraph naturally leads on to the statement I make every year and have no hesitation in making this year when I say that we continue to be very proud of all the excellent efforts made by our staff (and the locums) over the year in fulfilling the object of the charity to relieve the suffering and distress of animals belonging to people of limited means.

11 April 2024 Date

Geoff Parrish Chairman

Annual Report and Unaudited Accounts 2023/24

Page 3

Worthing Animal Clinic Annual Report 2023/24 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 2023/24

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 2023 the income of the Clinic amounted to £202,763 (2022 = £160,268) being the combined total of professional fees, fund-raising, and investment income. Outgoings amounted to £196,805 (2022 = £183,539), resulting in net income for the year of £5,958.

At the Clinic, during the course of the year, 1670 animals attended consultations and 254 were operated on. The corresponding figures for 2022 were 1601 consultations and 222 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.

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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 8 June 2023. It was agreed to make some changes to the way our restricted or designated funds are used to make better use of them but otherwise there were no amendments. 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 will be held at the June 2024 trustee meeting.

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 Trustee meeting held on 8 June 2023, but no changes were felt necessary. The next review will be held at the June 2024 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 Trustee meeting held on 9 February 2023 and no changes had been felt necessary. The next review will be held at the February 2024 Trustee meeting when it is intended to remove the need for an annual review and replace it with a review to be held only when there has been an expenses claim by a trustee in the previous calendar year.

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 2024

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

Geoff Parrish Chairman

11 April 2024 Date

Annual Report and Unaudited Accounts 2023/24

Page 6

Worthing Animal Clinic Annual Report 2023/24 Veterinary Surgeon’s Report

In the six or so months since the last newsletter we have performed a number of major surgical procedures here at the clinic, saving our clients, with the help of the charity subsidy, literally thousands of pounds when compared to private veterinary fees.

These included two life-saving procedures and two orthopaedic procedures. The first case I will report was a very strange one and concerns Sandy, a 10 year-old Pug bitch. Sandy presented with a very large and firm swelling under the skin of her abdomen and located in and around one of her mammary glands. In 99% of cases a swelling like this would be due to a mammary tumour and this is what I had expected to find. Sandy was booked for surgery to remove the mass, but on the morning of the procedure we noted that she had also developed a vaginal discharge, the primary symptom of a pyometra or womb infection. An

abdominal X-ray confirmed this but also showed that the mammary mass looked ‘odd’. A needle aspirate indicated that the swelling under the skin also contained pus, but how could this be? It certainly didn’t seem to be a typical mammary tumour. We took Sandy to theatre to perform a hysterectomy, but also to investigate the mysterious subcutaneous mass. Once inside the abdomen it became apparent that part of Sandy’s infected womb was not where it was supposed to be – it had in fact migrated through a small hernia in the abdominal wall and was now lying outside the abdomen, under the skin – not where a womb should be at all. I have never once encountered this in 30 years of practice and it required some mental gymnastics to re-orientate myself to the altered anatomy and remove the uterus and ovaries. Sandy made a rapid and uneventful recovery from a serious and life-threatening condition.

The second case involved ‘Hughie’, a normally bright and breezy male Labrador who was brought to us after being unwell for several days. When I examined him he was very depressed and very dehydrated, after not eating and vomiting repeatedly for several days. He also had a very sore tummy and I was convinced I could feel something abnormal in there. I questioned the owner whether Hughie had eaten anything unusual and she remembered that a corn cob had ‘gone missing’ at home. I told the owner that I was suspicious of an intestinal obstruction in Hughie and that we should X-ray his abdomen to confirm. Hughie was admitted for intravenous fluid support and an X-ray showed the typical airfilled intestinal loops of a gut obstruction (often described as like ‘balloon animals’ in appearance). In some cases this can be quite subtle and it can be very difficult to decide if there is an obstruction or not, especially if the foreign object is organic, as in this case, as these don’t show up clearly on X-ray. In this case there was little doubt, so Hughie was taken immediately to the operating theatre where exploratory surgery revealed a piece of corn cob wedged about half-way along the small intestine. The danger of leaving an obstruction like this for

Annual Report and Unaudited Accounts 2023/24

Page 7

several days is that the intestine around the stuck object can become so damaged that it can die and ultimately rupture, spelling disaster for the animal. Sometimes the intestine can be so damaged that a sizeable section needs to be removed. Luckily with Hughie, he was presented in the nick of time and, although the intestine was very bruised and inflamed it remained viable and the foreign object could be removed via a simple incision. The speed with which dogs in particular bounce back from this sort of problem post-surgery is a joy to behold. Hughie was eating within 1 hour and back to his usual self within 12! I do wonder, however, about the evolutionary advantage of swallowing anything whole without tasting or chewing!

Two completely different cases treated recently involved orthopaedic surgery. These types of cases are generally referred to specialists these days, but this option is often ruled out by financial constraints in the charity sector. The first case involved a little dog called Gemma. She had been lame on one of her hind legs for several weeks. She was diagnosed with something called a ‘luxating patella’ which is common in small dogs, especially those with a slightly ‘bowlegged’ appearance. It normally causes intermittent lameness, but in Gemma’s case this had become more persistent and required intervention. Luxating patella is caused by a developmental abnormality in the knee joint where the patella (knee cap) slips out of the groove at the front of the knee and therefore cannot perform its role of helping with the extension of the knee joint. This abnormality can be due to a groove that is too shallow in combination with, or caused by the previously mentioned ‘bow-legged’ conformation which leads to abnormal forces acting on the joint during development. In Gemma’s case the patella groove was very shallow, to the point of being non-existent so had to be artificially deepened by opening the joint and excising and filing away some of the bone (almost as gruesome as it sounds!). Despite the invasive nature of the surgery Gemma was able to use her leg again within a few days and is making good progress post-surgery.

A second orthopaedic case involved a Staffordshire Bull Terrier. He had become very lame on one hind leg after some spirited running and jumping. The cause of the lameness was a ruptured ligament inside the knee joint, called the cruciate ligament which is responsible for maintaining the stability of the joint in a foreaft direction. Left untreated this can cause chronic pain and arthritis within the joint. Several methods have been devised to achieve stabilisation of the joint, the more sophisticated require referral for specialist help. A method I have employed in the past and did so in this case was to open the knee joint surgically and apply a ‘false’ ligament of high strength, sterile nylon to the lateral aspect of the joint. This doesn’t directly replace the torn ligament but achieves joint stability which is essential for healing and pain-free movement.

David Thomas BVetMed MRCVS Veterinary Surgeon

11 April 2024 Date

Annual Report and Unaudited Accounts 2023/24

Page 8

Worthing Animal Clinic Annual Report 2023/24 Treasurer’s Report

This year’s total income figure stands at £202,763 or £158,815 excluding legacies. In 2022 it was £160,268 or £145,990 excluding legacies. Similarly, total expenditure was £196,805 compared with £183,539 in 2022. Overall, last year’s £23,271 deficit was turned into a surplus of £5958 for this year. Again, the figures clearly show the impact legacy income has on the charity finances. However, even without the effect of the legacy income our overall deficit would have again been below the £40,000 we had budgeted for as it was in 2022. We will continue to budget without looking to legacies in the light of the uncertainty and delays involved in actually receiving such income.

As mentioned last year, AmazonSmile ceased operations and although we have added another online funding channel (The Giving Machine) there has been a reduction in donations via websites from £331 to £283 and overall donation and subscription levels have dropped from £4464 to £3985. This obviously could be a result of inflationary pressures so we will watch 2024 with interest. We did raise our fees at the beginning of the year and that plus increased numbers of both consultations and operations did produce increased income from £125,537 to £138,194 which represents about a 10% improvement.

Continuing problems with suppliers and their computer systems did leave us with outstanding amounts owed at year end which is part of the reason for the increased level of debtors this year. On the other side of the coin similar problems are part of the explanation for the increased level of creditors. Whilst making control of cash flow that much more difficult, time spent chasing up and reconciling accounts is also frustrating. The large loss on disposal of equipment arises from a refurbished Xray machine having a somewhat shorter life than we were led to believe. The decision, this time, to purchase a brand-new machine was facilitated by the very generous offer of a donation from the Sussex Pet Rescue charitable trust. This donation was received after the year end so will appear in next year’s accounts.

Our aim every year is to avoid, whenever possible, releasing assets to solve cash flow requirements. Not only does a ‘loss’ of assets result in a reduction in reserves but also it reduces the amount of dividend we receive in the future. Although, as expected, we did need to release some funds at the start of 2023 we were able, following receipt of a legacy, to repurchase the funds at a slightly lower price later in the year. Luck more than judgement but a satisfying result, nevertheless. During the year we saw another rise in stock market values and our reserves and the dividends they will produce are therefore in a healthier state than at this time a year ago. However, with inflation still a concern in respect of both number of clients and overhead costs I will again make no predictions as to where we will be in a year’s time!

Geoff Parrish Treasurer

11 April 2024 Date

Annual Report and Unaudited Accounts 2023/24

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.

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Page 10

Worthxns Anxmal ClinAc Independent Examxnerfs Report to the Trustees of Worthins Animal Clinic forthe year ended 31 December 2023 I reprt on the accounts of Worthing Amiti￿ ainic for the year ended 31 December 2023. which are set out on pages 12 to 19. rep￿rt is made solely to the charitys trustees. as a body. in accordance with provision 145 of the Clwities Act 2011. My work has iren undertaken 50 that I might state to the chan"Ws tTUStee5 those matters I am required to stste to them in an independent examings reprt and for no other purpose. To the fullest extent Frmitted by law, I do not attept or Assun￿ resporLsibility to anyone other than the charAty and the charity5 trtsstee5 a5 a bcdy. for Jny work. for this reprt or for the owon5 1 have fjorn￿d. Respective responsibilxties of trnstees and examAner As dexriiyd in the Statement of T￿￿tee5, Responsibllities, the chan.tys trustees are reT0￿Ible for the preparati(M of the accounts. The tn￿tee$ consider that an audit is not required for this year (under provision 144{1) of the Ci)aLities Act 2011 {the 2011 Aetl) and that an independent exam1r￿110n is It xs my resPO￿Lbility lo.. examine the accounts under proNrysion 145 of the 2011 Act; follow the prc(edures laid down in the General DJrects"ons ￿Ven by the Charity COMn￿s1on under provision 152(51 of the 2011 Act: aj State whether Particu￿ ll￿tters have come to my attentio Basls of Independent exanthe<s report My examI￿tiOn wa5 carried out In ac(oxdance with the General Direction5 ￿Ven by the Clurity Commission. An exaMI￿￿Ort inctudes a review ot the accounting records kept ty the ciwity and a companson of the accounts presented those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations fvom you as ￿slee$ concernKng any such nutters. The prc(edures undertaken do not provide all the evidence that would be required in an audiL and consequently no opirnon is ￿Ven as to whether the accounts present a 'true and fair Vie￿ and the report is limited to those matters set out in the statement i*low. Independent exanthds statement In conn￿tt"0n wxth my exarninatio￿ no matter has conie to my attents"orL 111 which ￿Ve$ rne reasonable cause to tEh"eve that in any ￿￿tena] restEct the requirell￿ts to keep accounting records in accordance with provision 130 of the 2011 Actr. and to prepare accounts which accord the accounting records and cotnply the accounting requirements ol the 2011 Act have not been ll￿t.. ot 12} to in niy opinAon. attents.on should Ee draMTL in order to eDAble a proper understa￿thg of the acc¢)unts to be reached. Date.. 9 May 2024 Renate L. aoake Chartered Certified Accountant 70 South Street West Sussex BN15 8AJ Arnual Report and Unaudited Accounts 2023/24 Page 11

Worlhing Animal Clinic Stalement of Financial Aclivilies for the year ended 31 December 2023 2023 ur￿e5￿.Cted Endowrynent Funds Fund 2022 U￿est￿.Cted Endomrynent Funds Fund Notes Total Total INCOME AND ENtK)INMENt5 [[￿L 3,985 43,94S 47,933 43,948 47.933 14,278 18,742 14.27S 18.742 Charitable Activit 138.194 138.194 125537 125537 Investments 16,636 16,636 15,989 15,989 Totsl Incon 202,763 202,763 I￿,268 161),268 Raisjng Funds Charitable Exwditure 1,438 191.803 1.438 194.803 iJ78 181.577 1.378 181,i77 Totsl Expenses I%A)5 I%A)5 183.539 183,i39 Net Income1(EXp￿Idxttsrel 5,958 5,958 123,2n) (23,2ni GaU￿[(Lo$seS} on Investment Assets 15.626 15.528 142.CM)7) (41.7401 1267) 21.584 21.486 165.278) (65.0111 1267) Funds brouRht forward 1.1.23 493,456 491592 558,734 s￿,603 2,131 Funds carried forward 31.12.23 13 515.(HO 513.078 1.%2 493.456 491,i92 Annual Report and Unauthted Accounts 2023/24 Page 12

Worihing Animal Clinic Balance Sheel as at 31 December 2023 2023 LTnrestncted Endowment Funds Fund 2022 U￿eStrICted Endowment Funds Fund Notes Totsl TotaL Tangble 48.289 427.621 475.910 48,289 42i,6i9 473.948 45,269 413.619 458.888 45,269 411,7i5 4i7.024 1,%2 1,%2 1.8 StiKk tkbtors & PrepaYU￿1ts 14.593 4J97 14.807 22.103 55,906 14.599 4.397 14.807 22.103 ?5,9 14.280 2.583 9.220 21.947 48.030 14.280 2,583 9.220 ?1,947 48,030 io 8b Cash at Bank & in Hand LJABILtllES.. Amounts fallin due one creth.tors & Accrua]s li ear 16,776 16,776 13,462 13,462 39.130 39,130 34,568 515.040 513.078 1.%2 493.4 491592 Represented by. 12&13 [￿SIgnated funds 39.854 473.224 i13.078 39,854 473,224 513,078 39.552 452,040 491,592 39,552 4>2,040 491,592 1,%2 1,962 i15.040 513,078 1,%2 493.436 491592 1.864 Approved by the coth￿1￿ee and signed L)n their by. 14A Date Annual Report and Unaudlted Accounts 2023/24 Page 13

Worthing Animal Clinic Notes to the Accounts for the year ended 31 December 2023 I. ACCOUNllNG POLICIES The accounting policies used in the preparation ot the accounts are as follows.. al Bas￿ of Preparats"on and Assessment of Gomg Concern The accounts are prepared under the historical cost conventioTh WAth items r• at cost or transaction value unless otherwise stated in the relevant notelsl to these accounts. The finalY￿ statenients have been prepared in accordance the Statement of Reconunended Practice: AccotffitinR and Reportin2 by Charits"es preparin% their accounts in accordarKe Mryth the Financ￿ Reporbng Star￿ard applicable in the and Republic of treland (FRS 1021 issued in Cktol￿r 2019 and the Financi￿ Reprting StAnd3rd apphcable in the United Kin£domand Republic ot Ireland (FPS 102) and the Charities Act 2011. The tntstees cortsider that there are no mateLial uncertainties about the Tntsys ability to continue as a going concenL bl Inconie Donations. investrnent incorne and sjllular inc¢)ming resources are included in the year in which they are receivable. m.hich is when the cknity bec0u￿5 entilled to the resource. it is probable that the clwity klill receive the resource. and the amount can be measured Legacie5 receivable are ]￿Luded in the accounts when tty satssty the following criteria.. Entitknt - actual receipt or l%ally enforceable right to the receipt Certainty . reag)nable certainty of receipt Mea5urellLeTht . the nionetary value can measured with sutficient reliability cl Expenses or construrtive ob]iRation. The majority of costs are dirertty attributed to one of the tunction categories of re%)urces exFnded in the Statement of Financi￿ Activities {￿)FAI. llryiere costs are shared or carmt be directly attributed in way they have i￿1 allocated on a Expenses on Ratsm% Funds represent exFenth"ture incu￿￿ xn fund raxsxnR and pubts"aty. Governantt Costs are th¢)se incurred in C¢}ru￿￿.0￿ with the adm￿￿tration of the tharity nd cornpliance with the constitutional and statutory requjrell￿ts. as an or£anisatio dl Funds Accountin Unrestricted Funds include knth general and designated funds on the followingbasis". C*neral Funds comprise those funds that the Trustees are free to use in accordance with the charity's obFcts: [kn"g￿lted Funds are those earnlar￿d by the Trustees for Pa￿"CUlar PLW. as detailed at note 13. ADffluaL Report and Unau(tsted AccoLmts 2023124 Page 14

Worthing Animal Clinic Notes to the Accounts for the year ended 31 December 2023 I. ACCOUNIING pouaES continued dl Funds Accountin% Icontinuedl The endownent fund Cornpri-￿ the Ravenscroft Fund, the incorne of which is available for the repair and nuintenance of the charity's premises. The fund consists of a perni￿t endowment M,h05e ￿￿er]Vin% investment is vajued at £1,962 {2022.. £1,￿1. el Depreciats"on of Tangible Fixed Assets The freehold property 15 stated at its aequisition value plus the cost of improvements. No depreciation is provided because the Trnstees consider this to be itjmnaterial. as the property's residual value at the end of its useful life xs exFeCted to exceed its carrying value. even takti into account inflatso Deprttiation ￿ provided on othei fixed a55ets in otder to write down their cost to their estin￿ted residual value over their estirnated econonuc tsves. at the following rate: Fixtur￿ & Equipment . 15°A per annum on a straight line basis Computer Equipment - 33.3 m per annum on a straight line basis fj Fixed Asset Investynents Inve5trnents are a fonTh of basic financ￿ instrnment and Are initially reCo￿lsed at their transaction vajue and subsequently measured at their fair value as at the balance sheet date usin% the closin% quoted nwket pnce. The statement of acts"vits"es udude5 the net tains and losses arAsin% on revaiuats.on and dwosals throu%hout the year. The CTr￿1ty doe5 not acquire ￿tions. derivative5 or other CO￿p1eX financd instru￿ts. The main fomi of htiaThC￿ risk faced ty the charKty is that of volatility in equity markets and investment markets due to wider economic conditions, the attitude of investors to investn*nt Lisk, and changes in sentunent concernmg equit￿5 and M'itbm partIcuI￿ sectors or sub sectors. gl Stc(ks PuxcbAsed St￿ are valued at COSL h) Value Added Tax TradthR income and all exP￿￿'tUre is shomm net of VAT. None ol the Trustees lor any person connected them) received any remuneration during the penod. None of them have been reimbursed for exF￿rL￿5. 2023 2022 Listed Investrnents 15,856 15,860 129 ADffluaL Report and Unau(tsted AccoLmts 2023124 Page 15

Worthins Animal Clinic Notes to Ihe Accounts for the year ended 31 December 2023 4. EXPENSFS Funds 2023 2022 Salaries & NIC (Note 51 870 822 556 1,378 Clwitable 2023 2022 Drugs, Laboratory Tests & corsu￿bIeS Emer￿ Cover Salaries. Ntc & L(tum Fees (Note 5) Rates & Water Light & Heat Insura￿ INote 6) Posta2e. Stationery & AdvertisinR Telephone Trainin% indudxn% Travel & ALrommodation Repairs & Renewals: EqUipn￿lt Property Book.keeping Legal ar￿ Professional Bank CharRes aeaning & Laundry Sundry ExFenses Depreciats"on. Equipment Loss on Dwsal. Equipment Bad Debt Provision Total Costs 43.591 37.637 4,928 117.i71 123.219 1.225 3.612 lJ30 1.018 828 3% 5.889 931 2.435 123 272 2.264 153 319 74 I94￿3 181.i77 Less sU￿ry Takm%s 138,194 125,537 Net Subsidised Costs of Animal Treatll￿ 2023 2022 JndeFident Examiner's Fee Sundry ExFenses ADffluaL Report and Unau(tsted AccoLmts 2023124 Page 16

Worihins Animal Clinic Notes to Ihe Accounls (01 the year ended 31 December 2023 5. STAFF C(6T5 2023 2022 Waw & Salan"es S4,101 79,919 2.622 537 3).315 pen￿1)n Costs 36,)17 Avera￿ numEer of employees {exdudin£ l(Kun751 No employee received remuneration of more than £60,0(N). The than.ty considers its key niama%ement persomel to comprise the trustees. No key Mana£ell￿1t personnel received any ernploYll￿￿t I￿neh"ts. 6. IN5LTR￿N Insurance i￿ludeS inden￿lty cover of £2￿7,[(1) at a cost of £642 (2022: Q50,((10 at £6011. 7. TK¥GIBLE FIXED ASSETS Freehold Fixtures Com ro Total Costr. At 1.1.23 AdditiorLS Disposa]s At 31.12.23 125,719 6,674 11,695 120 698 41,615 n.711 6.674 11,69? iU93 12 93 tkpreciatio At 1.1.23 ChArRed for the year "sposa]s At 31.12.23 68.057 12J93 8,041 71409 8.041 93 Net B(KTrk VaLues: At 31.12.23 At 1.1.23 The Charity Conum1￿On acts as cusicdian trustee of the freehold property. Short Duratii)n COIF SLTL Total BondFund Funds Funds a) Fixed A55ets: Market Value at 1.1.23 Additions "SPOsaJs in Market Value Market Value at 31.12.23 413h19 20,￿ (21.6241 15,626 1.864 284,486 20,OCQ 121.6241 13,709 i71 127.269 1.819 129 Historical Cost At 31.12.23 275 i95 141 At 1.1.23 76 94 ADffluaL Report and Unau(tsted AccoLmts 2023124 Page 17

Worthing Animal Clinic Notes to the Accounts for the year ended 31 December 2023 contiftued At 31 Decenit*r 2023 I￿ted investments included Tr) security compnsing 5% or more of the portfob"o's valuatio All investments are carrled at their fair value. The investments and funds comprise, and income arising relates to. COIF CTharities Short Duration Bond Fund. COIF Charities tnvestrnent Fund. COIF Charities Property Fund, sufL Cazenove Clwity Equity Income Fund. and SLrrL Cazenove Charity Multi.Assel Fund. Gainslkn)sses on investments assets as shomm on the ta(e ot the Ststement ot Financi￿ Aetivities relates to rea]ised gains of £976 and unrea]ised gains of £14&￿. The 5igruficance of financ￿ in5trLunents to the (mgoing sustauHbAIL"ty of the charity is b} Current ￿Sets.. These compnse COIF deposits. 9. sT(￿K 2023 2022 DrnRs. DAswbles & Focd 14.280 10. DEBT0￿ & PREPA1Th￿￿[S 2023 2022 Trade Debtors Prepayments & Accrued t￿Onie 1,9n 2,426 4J97 2,101 11. CREDtrops & ACCRUALS 2023 2022 Trade Creditors Sundry Creditors & Accxuals Taxes & Seojrity Costs 2.629 IOA07 3.111 3,766 16,T76 13,462 C￿ra1 Funds Total Funds Fund balaTKe5 at 31 Decernber 2023 are represented by. Tanyble Fixed A55ets Investment Assets Current Assets Current Liabllities 48.289 425,659 55,9)6 (16,776) i13.078 48,289 3￿,143 51568 {16,7761 473,224 35.516 4,338 39.854 Annual Report and Unaudited Aceounts 2023124 Page 18

Worthing Animal Clinic Notes to the Accounts for the year ended 31 December 2023 Re50urce5 Investnient Fund At 1.1.23 Resources Ex Loss Gain Transters At 31.12.23 General Funds 4>2,040 201,712 1196,805) 12,5C6 3,771 473,224 Designated Funds Van Peperzeel Elsie Powell tkng Neutering Fund BIcM)d Testin2 Fund 33,260 6292 1,051 3,022 13.T711 33,562 6.292 39552 1.051 3,022 3.771) 39.854 Total Unrestricted Funds 491,592 202.763 1196.805) li,528 ?13.078 The EIsAe Powell fund is used to provide an adth"tional SU￿"dY for speafic treatments ￿yond Ol￿e[s. nieans at the dixrets.on of the veterjnary surgeon and was eStab￿shed following receipt of a genett legacy from the estate of the deceased in 2(M)4. The Bl¢))d Testing Fund was established in 2011 from a legacy received from the estate of Dorothy M Wiggs. The fund was used to fiTW￿e the lease of a blood testm% nhichme for the cluu"c. The fund was winmd up during the year when payment for the lease ceased. For this year a total of £M2 was T￿t to sulsidise this ¢o5t. The NeUt￿in% Fund was estsblished in 21K￿ on the initiative of a fornw chairnw Guy Freelhnd. to encourage dog to neuter their pets. The fund was wound up at the begmning ot the yeat and the dog neutering subsidLes have I￿1 met by the Van Pe￿rzee1 Fund. The Van Peperzeel was established foll0m￿g the receipt of a £50.OCM) legacy Irojn the estate of the deceased m 2(K)4. The fund was previously used to provide a 5ub5idised vaccination and free ￿l￿O￿l"pPIn% Sthen￿, but from the beginning ot the yeat has been extended to subsidise dog neUt￿]ng. ADffluaL Report and Unau(tsted AccoLmts 2023124 Page 19