ANNUAL REPORT and UNAUDITED ACCOUNTS 2025/26
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 2025/26 Contents
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1 Contents
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2 Reference and Administrative Information
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3 Chairman’s Report
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4 – 6 Trustees’ Report
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7 – 8 Veterinary Surgeon’s Report
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9 Treasurer’s Report
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10 Trustees’ Responsibilities for the Accounts 11 Independent Examiner’s Report
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12 Statement of Financial Activities
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13 Balance Sheet
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14 – 19 Notes to the Accounts
Annual Report and Unaudited Accounts 2025/26
Page 1
Worthing Animal Clinic Annual Report 2025/26 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 01903 202248 Fax 01903 537759 Email: info@worthinganimal.co.uk 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 4TA
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 2025/26
Page 2
Worthing Animal Clinic Annual Report 2025/26
Chairman’s Report
As regular readers of my Chairman’s report will know I always look back at the previous year’s report to give me inspiration for the current year! I adopted a different approach this year and looked to see if Artificial Intelligence (AI) would provide even more help. As it turned out, an AI version of the report would consist of many untrue statements and a great deal of meaningless platitudes, so what follows whilst including some of the suggested wording is based on my more realistic assessment of the charity’s situation. I do wonder, however, how many reports nowadays do opt to take the easy way out and leave it all to AI!
This year has been one of reducing client numbers but as ever we have maintained a continued dedication to the welfare of animals in our community. Our team of veterinary professionals and support staff have worked tirelessly to provide outstanding care, ensuring that our standards remain exemplary and that every animal receives the compassion and treatment they deserve. Throughout the year, we have seen a small but steady reduction in the number of patients visiting the clinic, ranging from routine check-ups to emergency procedures. In addition, our fundraising efforts have been successful together with a reasonable level of legacy income, allowing us to continue to subsidise treatment for animals in need and invest further in our facilities. Once again, I must make mention of a significant contribution made by Sussex Pet Rescue Charitable Trust.
Financially, the clinic remains on a sound footing thanks to prudent management and the generosity of our supporters. We have made strategic investments in infrastructure and technology with significant building repairs and upgrading of our computer system and hardware, and I am confident that these will serve us well in the years ahead. I would like to extend my sincere thanks to our staff, donors, and the broader community for their unwavering support.
Looking forward to 2026/2027, we will continue to uphold the highest standards of animal welfare. Together, we will ensure that Worthing Animal Clinic remains a trusted and valued resource for all.
On behalf of the Trustees, I thank you for your continued confidence and support.
Geoff Parrish Chairman
9 April 2026 Date
Annual Report and Unaudited Accounts 2025/26
Page 3
Worthing Animal Clinic Annual Report 2025/26 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 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 Microsoft - Teams 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 2025/26
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 2025, the income of the Clinic amounted to £228.300 (2024 = £244,667) being the combined total of professional fees, fundraising, and investment income. Outgoings amounted to £221,600 (2024 = £207,950), resulting in net income for the year of £6,700.
At the Clinic, during the year, 1556 animals attended consultations and 212 were operated on. The corresponding figures for 2024 were 1668 consultations and 213 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 several of our members took it upon themselves to raise funds in our name at functions and by other means. We were also again extremely grateful for the significant donations to the charity made by the Sussex Pet Rescue Charitable Trust
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. Considering the very small number of current Trustees, however, any recruit is expected to be already proficient in the area of their intended contribution to the Board.
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.
Annual Report and Unaudited Accounts 2025/26
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 12 June 2025 and no amendments were. 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 2026 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 12 June 2025, but no changes were felt necessary beyond the updating of some of the numbers therein. The next review will be held at the June 2026 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 about trustee expenses and payments. The Expenses Policy had been reviewed at the Trustee meeting held on 8 February 2024. A review of the policy will now only be carried out if there has been an expenses claim by a trustee in the previous calendar year.
COMPLAINTS POLICY
Although the Clinic has had a recognised complaints procedure in place for many years it was decided in 2025 that the Trustees would endorse a formal Complaints Policy for the Clinic, and a detailed statement of this policy was agreed at the Trustee meeting held on 12 February 2026. A review of the Complaints Policy will be carried out at any future February Trustee meeting if there has been a complaint received by the Clinic in the previous calendar year.
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 year.
OBJECTIVES FOR 2026
The principal objective for the coming year is, once again, to ensure a continuation of the Clinic’s work for the foreseeable future.
Geoff Parrish Chairman
9 April 2026 Date
Annual Report and Unaudited Accounts 2025/26
Page 6
Worthing Animal Clinic Annual Report 2025/26 Veterinary Surgeon’s Report
There are a couple of interesting cases to report this time, something a bit out of the ordinary!
The first involved ‘Mutley’, a young Huskey dog. Most people know that there are some foods that are not toxic to us, but very poisonous to dogs. Two of these are chocolate and grapes. Mutley really went for it and ate two whole boxes of Jaffa cakes and a whole punnet of grapes. With this quantity, I was concerned about the high potential for toxic effects. Theobromine in chocolate can cause cardiac arrhythmias leading to possible collapse or neurological effects like agitation or seizures. Grape ingestion can cause acute kidney failure which can be rapidly fatal. We saw Mutley within 1-2 hours of ingestion of these products. On presentation he was showing no ill effects, so the decision was made to induce vomiting. This was achieved by injection of a powerful emetic called apomorphine, which is a vital drug in any vet’s arsenal. Within 5 minutes this resulted in Mutley vomiting up what can only be described as a stomach full of a chocolatey/fruity mess (grape stems included). However, because of the concern that some toxins may already have been ingested, Mutley was admitted for the day for observation and intravenous fluids to support his kidneys plus administration of activated charcoal by mouth to absorb any toxins from the gut. Having shown no adverse symptoms, he was discharged at the end of the day. Subsequent blood testing on the day and the following day revealed no evidence of kidney damage, so everything worked out fine for Mutley, but it does demonstrate how dogs can be their own worst enemy with their ‘non-selective’ appetite.
A second case, involving a cat this time. Bella had already been seen at another vet practice with a bleeding tumour on the tip of one ear. I think the quote for removing the tumour had been, let’s say, somewhat above the owner’s expectations, and they had sought our assistance. Bella is a white cat and as such the ears are not pigmented and prone to sunburn. In humans, melanoma might be the issue with prolonged sun exposure, in animals it tends to be a type of tumour called squamous cell carcinoma which is a locally destructive cancer rather than one that spreads into the body. Of course, a bleeding tumour needs to be removed as there is no other way to stop repeated bleeding. The problem with tumours on ears is that, in order to remove the tumour with a wide enough margin to prevent recurrence, part of or most of the ear flap needs to be removed. As the ear is very well supplied with blood this can lead to excessive haemorrhage during surgery. Fortunately, we have a piece of equipment called a diathermy.
Annual Report and Unaudited Accounts 2025/26
Page 7
This is probably the oldest piece of equipment in the practice but still works well. Basically, it uses an electric current to heat up a very thin probe to very high temperature, which slices through tissue like a knife through butter, sealing blood vessels along the way. So, this is a valuable piece of equipment which has a number of uses but is very useful when performing surgery on very vascular areas such as ears, mouths, lips and bottoms! The only downsides are the smell of burning flesh that tends to result from its use, and the care needed in handling the hot probe! The picture* is of Bella post-surgery, with a line of sutures along the operating site and a ‘cone of shame’, but a good cosmetic result. Compared to the original quote, our final fee was in a different ballpark!
A third case involved a little cat called Gus, a youngster who lives in a flat but decided she wanted to be outside instead, and jumped out of a second-floor window, a fall of probably 20 feet. The myth is that cats always fall on their feet, but Gus must have taken part of the impact to her face and head. On examination, she was bright and breezy with no evidence of fractures to her limbs, ribs or spine and no sign of internal injuries. However, she did have a nasal bleed and pain when opening the mouth. Examination revealed a split in the hard palate which is the bone forming the roof of the mouth. This is a bone that develops in two halves, with the two halves being joined by a fibrous, rather than a bony connection. This results in the palate being vulnerable to splitting in two when there is a blow to the head. This also causes a tear in the overlying tissue with the result that there is a direct opening from the mouth into the nasal cavity, obviously not a good thing if food particles can enter the nose with resulting infection and inflammation. Gus underwent surgery to repair the defect, which involves a line of strong sutures knitting the two halves together. Fortunately, Gus being a young cat will result in rapid healing. I have seen cases in older cats which are far more challenging to treat and repair.
Finally, we have acquired a new set of weighing scales for the practice. These were purchased with part of a generous donation made to us by Sussex Pet Rescue. Getting accurate bodyweights for animals is essential for calculating drug dosages in particular and also when advising on weight management. Our old scales were becoming a bit temperamental and the measurements we obtained not always 100% trustworthy as a result. Also, they were quite narrow and ‘rickety’, and dogs were very reluctant to climb onto them. This often led to a 3–4-minute increase in consultation time whilst the owners, or most often we, struggled to make the animals comply! The new scales provide a wider and more stable platform and dogs seem happier to climb on board – something that makes our lives a little easier!
9 April 2026 David Thomas BVetMed MRCVS Date Veterinary Surgeon
- The picture referred to (and others) are included in the Charity’s Spring Newsletter which is sent to members and copies of which are also available, on request, from the Clinic.
Annual Report and Unaudited Accounts 2025/26
Page 8
Worthing Animal Clinic Annual Report 2025/26
Treasurer’s Report
This report provides an overview of the financial activity at Worthing Animal Clinic for the year ending 31 December 2025. The clinic has continued to deliver high-quality veterinary services to the local community, while maintaining sound financial management throughout the period.
During the year, the clinic generated income through client consultations, surgical procedures, and preventative health services. We review our charges on a regular basis to ensure that we are in line with our expenses. Donations, legacies, and investment income also contributed positively to our revenue streams. However, income levels were down on last year by about 7% arising from a reduction in the number of clients but also reflecting the large donation we had received in 2024. Overall, the total income for the year was still the second highest received in the last decade.
Major expenses included staff salaries, medical supplies, and equipment and property maintenance. All expenditures were carefully monitored to ensure value for money and sustainability, and this was reflected in the fact that the increase in overall expenditure for the year was kept to just a 7% increase over the previous year.
At year-end, the clinic maintained a healthy balance, with reserves set aside for future requirements and unexpected costs. The excess funds we had been retaining in a deposit account on the basis that they were earning a reasonable level of interest were reinvested in one of our equity accounts in early April, taking advantage of the large slide in stock market prices triggered by the US threat of tariff impositions. As a result, we now have the same number of units in the fund that we had back in 2019 despite having had to release some of those assets in the meantime. The financial position remains robust and wellplaced to support ongoing activity.
In summary, the Worthing Animal Clinic continues to demonstrate financial stability while delivering essential services to our clients. The treasurer thanks all staff, and supporters for their ongoing commitment and contributions.
9 April 2026 Geoff Parrish Date Treasurer
Annual Report and Unaudited Accounts 2025/26
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:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the applicable Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
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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:
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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;
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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 2025/26
Page 10
Worthing Animal Clinic Independent Examiner’s Report to the Trustees of Worthing Animal Clinic for the year ended 31 December 2025
I report on the accounts of Worthing Animal Clinic for the year ended 31 December 2025, 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.
It is my responsibility to:
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examine the accounts under provision 145 of the 2011 Act;
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follow the procedures laid down in the General Directions given by the Charity Commission under provision 152(5) of the 2011 Act; and
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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
In connection with my examination, no matter has come to my attention:
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(1) which gives me reasonable cause to believe that in any material respect the requirements • to keep accounting records in accordance with provision 130 of the 2011 Act; and
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to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act
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have not been met; or
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(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Date: 14 May 2026
Renate L. Cloake Chartered Certified Accountant 70 South Street Lancing West Sussex BN15 8AJ
Annual Report and Unaudited Accounts 2025/26
Page 11
Worlhing Animal Clinic
Stalemenl of Financial Aclivities for the year ended 31 December 2025
?025
Unrestsycted Endowment
Funds
Fund
2024
Unrestncted Endowment
Funds
Fund
Notes
Total
Total
tk)natsons, SubThptions & Fund RaisinR
Legacie5
41.985
23875
41.985
23,875
6),860
53,811
21,072
74,883
53.811
21.072
74.883
Chantabie Activit5
14L916
144,916
152.194
152.194
17.524
17,524
17.5
17,YJ)
Total Imime
228J
228JXJ
244.667
244.(67
ng Funds
Charitable Expenditure
Governan Costs
1,541
205,817
592
1.541
20i.817
592
219,217
612
219,217
612
Total EYFenses
221,6CKJ
221,6CK)
207,950
207,950
Net IncomellExpenditure)
6,71XJ
36.n7
36.n7
Gainsllknses)
14116
14.070
12.887
12.827
20A16
20.770
49.6(M
49.
Fun
Worthing Animal Clinic Balance Sheet as at 31 December 2025 2025 2024 UTwestn"cted End0wmt Funds Fund unrestn.cted EndQwmt Funds Fund Note5 Total Total Tanble Jnvestments 53,7(YJ 468.624 522J27 53,703 466,i56 520,259 53.503 434.i08 4SS,Oii 53, 432,486 48?,989 2,022 2,022 Stock Debtors & Prepayments Investments 16,698 3,019 6,283 45.616 71.616 16,698 3,019 6283 45,616 71,616 16,167 16,167 3,CMJI 23,CQ2 14,752 86.922 io 23,OJ2 44.752 86.922 tJABILrrIES.. Amounts fallin due withxn one Creth'tors & Accrnals ear 8.513 8513 10,289 10.289 63.133 63,133 76.633 76.633 TOTAL NET ASSETS 5.460 583J92 562.622 P£presented ty. 12&13 tksignated funds 35,564 517,828 583,392 35.)64 547,828 583,392 38.910 523,712 i62,622 38.0 523.n2 562,622 2,068 2x122 2,022 x85.460 583,392 i64.614 j6?,622 2,022 Approved ty the Committee and sig*d on their lalf ty. Tru4lee Date ADmal Report and Unauthted Accounts 2025/26 Page 13
Worlhing Animal Clinic Notes lo ihe Accounts for Ihe year ended 31 December 2025 I. ACCoUG POLICIES The accounting p)licies used in the preparation of the accounts are as follows: al Basis of Preparation and Assessment of Going Concem The accounts are prepared under the historical cost conventioo Mryth items reCOlsea at cost or transaction value unless ot1W stated in the relevant note(s} to these accounts. The financi statenwits have been prepared in accordance with the Statement of RecOmned Practice.. Accounting and ReFK)rtin% by Charities preparin% their account5 i accordance the Financ1 RePortg Standard apph"cable in the and RepubIic of Ireland (FPS 1021 issued in (ktolr 2019 and the Reporting Standard apptscable in the LTDited and RepubJAc of Irela1 IFtS 1021 and the Chantses Act 2011. The trustee5 con5Ader that there are no matenal uncertainties about the Trusys ab]h"ty bl Income in M.hh they are receivable, ."ch when the charAty becomes entltled to the resource, it is probable that the charity receive the resource, and the amount can Ee measured ryth reasonable certainty. Legaaes receivable are xncluded in the accounts when they satssfy the following criterxa: Entitlemen- actual receipt or legally enforceable right to the receipt Certainty - reasonable certainty of receipt Measurem. the monetary value can be measured Mryth sufficient reliability CI ExF*nses All eX'ture is ]luded on an aLrnthls basis and is reeogn)ised M,hen there is a legal or ¢¢)n5trurtive obh"%aboTL The nlOrity of costs are dwecdy attributed to one of the functi caterieS of resources exwded in the Statell1t of Aclivitie5 (SOFA). Where costs are shared or car9t ty dir-t1Y attributed in this way they have in all(Kated on a basis c(Trnsi5tent with the use of the resources. Expenses on Rai5in% Funds represent expenthture ITrred in fund raA5in% and pUblty. Govern Costs are those irKurred in connection with the adniuustrats.on of the chan.ty and Compliarn with the constituts.onal and statutory requirements. as an 0[RanatiO dl Funds Accountin% Unrestricted Fwids ittlude both general and deBrIated Eunds on the followryng basis.. General Funds comprise those hmds that the Trustees are free to use in accordance the clwity's oty"ects: Designated Funds are those earn)arked ty the Trustees for particular Purp$, as detailed at note 13. Annual ReFrt and Unaudited Accounts 2025/26 Page 14
Worlhing Animal Clinic Notes lo ihe Accounts for Ihe year ended 31 December 2025 I. AcCOUNG POLICIES continued dl Ful Accountin% (continued) The endowment fund comprises the Ravenscroft Fund, the xncome of which is available for the repar and maintenance of the charity's premises. The band consists of a Perrnt end05mnt M,hose Underlyi investment is valued at £2.068 (2024: Q022). el Depreciation of Tanble Fixed Assets The freehold propety is stated at its acquisition value plus the cost of xmprovements. No depreciation is provided because the Trustees consider this to be it]unateriaL as the proF's Tlaal value at the end of its useful life is exFected to exceed its carrying value. even taking into account Anfiat Deprecxation 15 provxded on other fixed a55ets iti order to write down their c05t to thei estimated residual value over their estimated economic lives, at the folloThryng rate: Flxtures & EqUIpnrtt. 20 Fer annum on a straight line basis Computer EquIpnl . 33.3WM per annum on a straight line basis fj FLxed Asset Investments value and subsequently measured at their fair value as at the balance sheet date usin% the closin quoted market prt. The statement of fts)amal acts"vities includes the net Rains and losses arisi on revaluation and disposals throu%hout the year. The Chty does not acquire put options. derivatives or other complex fitwiL instrts. The main forni of financial risk faced by the charity is that of volatility in equity nwkets and investment Arrkets due to wider economK c¢)nditions. the attitude of investors to xnvestnnt ris gl Stocks Purchased stc(ks are valued at cosL h) Value Added Tax Tradin% income and all exFenditure is shoMTL net of VAT. 2. II£USIEE REIWNERAIION AND EX])EN5ES None of the Tnjstees lor any person connected with them) received any rematiOn during the Feriod. None of them have been rexmbursed for exFenses. 2025 2024 Listed Investments 16.019 1,50? 15,617 1.9TJ Annual ReFrt and Unaudited Accounts 2025/26 Page 15
Worthing Animal Clinic Notes lo ihe Accounts for Ihe year ended 31 December 2025 Raisin Funds 2025 2024 Saianes & NIC INote 5) Pubhcity Expenses 1.088 951 387 1.771 Charitable Ex diture 2025 2024 Drugs, Laboratory Tests & ConsubIeS Emer%erq Cover Salanes, NIC & Lc£um Fees (Note 5) Rates & Water Light & Heat Insllrae (Note 6) Posta%e. Stationery & Adverbsm Telephone Trainin£ 1ndudll Travel & Accommodation Repairs & Renewals: Equipment 44.225 5,3 I,783 1,248 2,339 1,768 428 1.120 299 5,079 129,733 1,318 349 12.729 5.078 7.126 926 1.194 2.787 145 Legal and Professional Bank Q)ar2es Oeaning & Laundry 7?] 2.7C 136 Depreciation. Equipment L05S OTh th"w5al. Equiwt Bad Debt Provision Total Costs 2.966 2.C62 219.217 205B17 Less SurRery Takin£s 144.916 1?2.194 Net Sub"diSed Costs of Anjmal Treatnient 74,301 ?3,6 025 2024 IndeFEndent Examiner's F 612 592 612 ?92 Annual ReFrt and Unaudited Accounts 2025/26 Page 16
Worthing Animal Clinic Notes lo Ihe Accounls for Ihe year ended 31 December 2025 5. STAFF CC6TS 2025 2024 Waw & SalarAes 93,876 2240 .567 Pension Costs Fee5 670 35.716 40,870 AveraRe nllt]er of employees (exdudllw locumsl One employee received remunerats.on .een £60.CW and QO,OCQ, all other employees were below £60.(NXI. The chan.ty corsiders its key manawnent personnel to compnse the trustees. No key £ement person1 received emplovment LEneh"ts. Insurance includes indemnity cover of £2YJ.(XKJ at a cost of £696 {2024.. Q50.1KK) at £66A)I. 7. TL¥GIBLE FIXED AE[S Freehold Fixtures Com ro Total Cost. At l.1.2) Addits.(S 127.974 3.1( 3.185 41.615 12.393 3,166 3,185 At 31.12.25 At l.1.2? char for the year 74,471 62,078 12.393 176 3,185 9.384 At 31.12.25 74.252 Net Book Values: At 31.12.25 At 1.1.25 The Chan"ty commion acts as Custodia trustee ol the freehold propertv. Short Durabon co Total Bond Fund Funds al Fixed Assets: Market Value at 1.1.25 Addits"ons Dposal5 Chan2e in Market Value Market Value at 31.12.2i 431,5C 20.(KKI 1022 295,684 20.(XX) I,802 14.116 8J44 22,414 Historical Costr. At 31.12.25 97 At 1.1.25 Annual ReFrt and Unaudited Accounts 2025/26 Page 17
Worlhing Animal Clinic Notes lo ihe Accounts for Ihe year ended 31 December 2025 continued At 31 Lkcen*er 2025 IA5ted investnients irlUded no serurity compnsjng 5% or more of the prt(oh"o's valuats"orL All investnwits are carried at their tair value. The investments and funds compise, and incon ansing relates to, COIF Clwi'ties Short Duration Bond Fund, COIF C]wities Investnient Fund, COIF Charities Prowty Fund, SLrtL Cazenove CEwity F4ty Value Fund. and SLrtL Cazenove CEtsrity mtI.A55et Fund. GaxnslLosses on investnnts assets as shown on the face of the StateMt of Financi Activities relates to realxsed gains of £nil and unrealised gains of a4.116. b) Current Assets.. These CoMpre COIF depots. 9. ST(KK 2025 2024 Dru%s. DPOSabIeS & F(xxl 16.698 16.167 10. DEBTORS & P12EPAIThIENTS 2025 2024 Trade Debtors Prepaynients & Accrued Incorne 317 2.702 3A119 4(K) 2,601 3,(K)I 11. CPEDfroR5 & ACCRUALS 2025 2024 Trade creth.tors Creditors & Accruals Taxes & Scal 5ecun.ty Costs 2016 4,173 1,524 8,)13 3.514 2,6 3,876 10,289 General Funds Des1 Totsj Fund balan at 31 Decem 2025 are represented bv: Tanpble Fixed Assets InveStnt Assets Current Assets cent Liabilities 53.703 466.5 71.(A6 18,i131 i83.392 53.703 437.9)7 TJI (8.513) 7828 28,619 6,91? 35,5(A Annual Rep)rt and Unaudited Accounts 2025126 Page 18
Worthing Animal Clinic Notes lo ihe Accounts for Ihe year ended 31 December 2025 Resources Investment Fund At 1.1.25 Resources ded Gain Transfers At 31.12.25 General Funds 523.712 227.302 221.6AX)) 15.510 547,828 Designated Funds Van Pyrzeel Elsie Powell 32.618 6.292 38.910 {1.4401 12,SXMI 29.272 6,292 35.)61 {1.4401 (2.gMI Total Unttstricted Funds 562.622 228,300 221.EIK)) 14.070 583,392 The El Powell fund is used to provide an addits.onal subsidy for SE"C treatrnents ivor 0er5. nieans at the dets.0 of the vetennary surgeon and was estsbjished following recelpt of a generous le from the estate of the deceased in 2004. The Van PeFerzeel fund was eStabshed following the relpt of a £50,(XXI legacy from the estate of the deceased in 2(Kll. The fund has been used to provide a sub"d vaccjnats"o free micrcth"ppin% and dog neutering. Annual ReFrt and Unaudited Accounts 2025/26 P28e 19