2023-03-31-accounts - Exmouth Animals Dispensary

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THE EXMOUTH ANIMAL DISPENSARY

ANNUAL REPORT AND ACCOUNTS

1 APRIL 2022 TO 31 MARCH 2023

Charity Commission Reference Number 236446

THE EXMOUTH ANIMAL DISPENSARY

SIGNIFICANT INFORMATION

The Charity was established under a trust deed dated 15 November 1948 in order to further the following objects:

a) The treatment of animals for sickness, disease, or injury.
b) The care of homeless animals.
c) The painless destruction of animals.
d) The provision of dispensary treatment for animals.
e) The maintenance or assistance in the maintenance of local homes and dispensaries for animals.
f) The finding of homes for domestic animals.
g) Generally, the care and treatment of animals and in particular of domestic animals.
h) The raising of funds for the furtherance of its objects or any of them and the acceptance of subscriptions, donations and legacies, therefore.

Officers :

Chairman: R J Davis Hon. Secretary: W D Lee Hon. Treasurer: D S Adamson Trustees : D S Adamson W D Lee Mrs B Lipp R J Davis Mrs C Parker Mrs J Benzie

Advisers :

Bankers:

HSBC

Independent Examiners: Southon & Co 6 The Parade, Exmouth, Devon, EX8 1RL Registered Office: C/O Southon & Co 6 The Parade, Exmouth, Devon, EX8 1RL

Telephone: (01395) 272645

THE EXMOUTH ANIMAL DISPENSARY

TRUSTEES' REPORT

The Trustees present their report and the accounts for the year ended 31 March 2023. The financial statements have been prepared in accordance with the accounting policies set out on page 7. and comply with the Charity's trust deed and applicable law.

Constitution and Objects

The Exmouth Animal Dispensary is regulated by a Scheme of the High Court of Justice (Chancery Division) of 15 November 1948, as varied by a Scheme of the Charity Commissioners of 6 March 1975 and is a Registered Charity No. 236446. The objects of the Charity are to provide care and treatment of animals.

Organisation

The Trustees who have served during the year and since the year end are set out on page 1. Trustees are appointed by a board of trustees and meet on a regular basis.

Developments, Activities and Achievements during the Year

Our Charity works with the three local Veterinary Practices in the Exmouth area in providing financial assistance for those who cannot afford Veterinary treatment for their pets.

The Trustees and staff will continue to strive to improve the level of care offered to animals in need of the Charity's attention.

Financial Activities and Affairs

The Charity continues its policy of ensuring that basic operating costs are covered by recurring income from investments. The Trustees continue to believe that the Investments held at COIF show a better overall return than the stock market in general.

Reserves Policy

It is the policy of the Charity to maintain unrestricted funds, which are the free reserves of the Charity, at a level which provides sufficient funds to cover management and administration and support costs and to respond to fulfil obligations which arise from time to time. Unrestricted funds were maintained at this level throughout the year.

Risk Management

The Trustees have examined the major strategic, business and operational risks which the Charity faces and confirm that systems have been established to enable regular reports to be produced so that the necessary steps can be taken to lessen these risks.

Cont/d ..

THE EXMOUTH ANIMAL DISPENSARY

TRUSTEES' REPORT

Cont/d ..

Trustees' Responsibility for the Accounts

The Trustees are responsible for preparing the Trustees = Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to Charities in England and Wales, requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of the incoming resources and application of resources of the Charity for that period. In preparing these financial statements, the Trustees are required to:

Select suitable accounting policies and apply them consistently;
Observe the methods and principles in the Charities SORP;
Make judgements and estimates that are reasonable and prudent;
State whether applicable accounting standards have been followed, subject to any departures disclosed and explained in the financial statements, and
Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in operation.

The Trustees are responsible for keeping accounting records that disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 1993., the Charity (Accounts Reports) Regulations 2008 and Trust Deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by the trustees on 2 November 2023 and signed on their behalf by:

(Signature) R J Davis (Trustee)

(Name) R J Davis

INDEPENDENT EXAMINERS' REPORT

TO THE TRUSTEES OF

THE EXMOUTH ANIMAL DISPENSARY

I report on the accounts of the Charity for the year ended 31 March 2023 which are set out on pages 5. to 10.

Respective Responsibilities of Trustees and Examiner

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 Section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.

It is my responsibility to:

$ examine the accounts under Section 145 of the 2011 Act;
$ follow the procedures laid down in the General Directions given by the Charity Commission under Section 145(5)(b) of the 2011 Act; and
$ state whether particular matters have come to my attention.

Basis of Independent Examiner = s Statement

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 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:

1) which gives me reasonable cause to believe that, in any material respect, the requirements:
$ to keep accounting records in accordance with section 130 of the 2011 Act; and
$ to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act.

have not been met; or

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

...............................................................................

J E D Rippon Chartered Certified Accountant 6 The Parade Exmouth Devon EX8 1RL Date: 20 November 2023

THE EXMOUTH ANIMAL DISPENSARY

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 MARCH 2023

Notes INCOMING RESOURCES Incoming resources from generated funds Donations and Legacies 2 Investment Income: Rents Received 3 Interest Received 3 Total incoming resources RESOURCES EXPENDED Costs of generating funds Direct Charitable Expenditure: Costs of activities for the furtherance of the Charity=s Objects 4 Support costs Management and administration 5 Total resources expended Net income/(outgoing) resources before transfers Gross transfers between funds Net incoming/(outgoing) resources before revaluations of investments and disposals Gains and losses on revaluations of fixed assets for the Charity=s own use Gains and losses on revaluation and disposals on investment assets Net movement in funds Total funds brought forward	General Restricted Fund Fund £ £ 102 0 14,557 0 33,589 0 48,248 0 63,794 0 2,954 66,748 0 (18,500) 0 - - (18,500) 0 - - (60,142) - (78,642) 0 1,200,672 - 1,122,030 0	Total 2023 £ 102 14,557 33,589 48,248 63,794 0 2,954 66,748 (18,500) - (18,500) - (60,142) (78,642) 1,200,672 1,122,030	Total 2022 £ 7,451 14,316 33,240 55,007 49,264 0 2,104 51,368 3,639 - 3,639 - 97,891 101,530 1,099,142 1,200,672

The Notes on Pages 6. to 10. form an integral part of these Accounts

THE EXMOUTH ANIMAL DISPENSARY

BALANCE SHEET AS AT 31 MARCH 2023

FIXED ASSETS Tangible assets Investments CURRENT ASSETS Debtors Short term deposits Cash at bank and in hand CREDITORS:amounts falling due within one year NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES CREDITORS:amounts falling due after more than one year PROVISIONS FOR LIABILITIES AND CHARGES FUNDS General fund Restricted fund Signed by one or two trustees on behalf of all the trustees	Notes 7 8 9 10 12 12 Signature	2023 £ £ 26,021 1,069,847 1,095,868 0 10,000 16,894 26.894 732 26,162 1,122,030 - - 1,122,030 1,122,030 - 1,122,030 Print name	2022 £ £ 26,024 1,129,989 1,156,013 0 10,000 35,391 45,391 732 44,659 1,200,672 - - 1,200,672 1,200,672 - 1,200,672 Date of Approval

Mandy Goczkowski Mandy Goczkowski 2 November 2023

The Notes on Pages 6. to 10. form an integral part of these Accounts

THE EXMOUTH ANIMAL DISPENSARY

NOTES OF THE ACCOUNTS

YEAR ENDED 31 MARCH 2023

1. Basis of preparation

1.1 These accounts have been prepared on the basis of historic cost, except that investments are shown at market value, in accordance with:
$ Accounting and Reporting by Charities - Statement of Recommended Practice (SORP 2005);
$ and with Accounting Standards;
$ and with the Charities Act 2011.

Recognition of incoming resources These are included in the Statement of Financial Activities (SoFA) when:

$ the charity becomes entitled to the resources;
$ the trustees are virtually certain they will receive the resources; and
$ the monetary value can be measured with sufficient reliability.
Grants and donations Grants and donations are only included in the SoFA when the charity has unconditional entitlement to the resources.
Investment income This is included in the accounts when receivable.
Investment gains and losses This includes any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year.
Depreciation Depreciation of tangible fixed assets is provided at the following annual rates in order to write off each asset over its estimated useful life:

Fixtures, Fittings and Equipment 25% Reducing Balance

No depreciation is provided on freehold land and buildings as a continuous program of repairs is undertaken. In the opinion of the Trustees, any depreciation would be negligible and accordingly none has been charged.

Investments Investments are included at closing mid-market value at the Balance Sheet date. Any gain or loss on revaluation is taken to the Statement of Financial Activities.

The Charity operates a defined contribution pension scheme. Contributions payable for the year are charged in the Statement of Financial Activities.

THE EXMOUTH ANIMAL DISPENSARY

NOTES OF THE ACCOUNTS

YEAR ENDED 31 MARCH 2023

2022 £ £7,451 14,316 33,240 £47,556	2022 £ £7,451	2022
	14,316 33,240
49,264 - £49,264
	£2,104
	0 136 0 0 71 624 520 0 18 732 0 3 £2,104	0 136 0 0 71 624 520 0 18 732 0 3
		£732

THE EXMOUTH ANIMAL DISPENSARY

NOTES OF THE ACCOUNTS

YEAR ENDED 31 MARCH 2023

7.
8.

Fixed assets
Van,
fixtures,
Land and
fittings and
buildings
equipment
Total
£
£
£
Cost or valuation
At 1 April 2022
26,015
5,473
31,488
Additions
0
0
0
Disposals
0
0
0

At 31 March 2023
£26,015
£5,473
£31,488
Depreciation
At 1 April 2022
0
5,464
5,464
On disposals
0
3
3
Charge for year
0
0
0

At 31 March 2023
, -
£5,467
£5,467
Written down amount as at 31 March 2022
£26,015
£9
£26,024
Written down amount as at 31 March 2023
£26,015
£6
£26,021
Investment assets
2023
£
Market value at 31 March 2022
1,129,989
Less:
Disposals of opening book value
0
Add:
Acquisition at cost
0
Net gain/(losses) on revaluation at 31 March 2023
(60,142)
Market value as at 31 March 2023
£1,069,847
Income from
Market value
investment for
2023
2023
Investments listed on a recognised stock exchange or held in
common investment funds, open ended investment companies,
unit trusts, or other collective investment schemes£1,069,847 £33,589

THE EXMOUTH ANIMAL DISPENSARY

NOTES OF THE ACCOUNTS

YEAR ENDED 31 MARCH 2023

Investment assets Cont/d ..

9.

10.

Material investment holdings Investment held COIF - special range - income units Market value Investment held COIF - Charities Property Fund - income units Market value Investment held COIF - Charities Ethical Investment Fund - income units Debtors Prepayments and accrued income Legacies Creditors and accruals Other creditors Accruals and deferred income Total	0 0 £ 0 - 732 £732	873,920 91,973 103,954 £1,069,847	873,920 91,973 103,954	873,920 91,973 103,954
				0 0
				£ 0
				- 732
				£732

11. Related party transactions.

No trustees were re-imbursed any expenses during the year (2022 - , NIL).

12.

Funds	Unrestricted	Restricted
	Funds	Funds	Total
	£	£	£
At 1 April 2022	1,200,672	0	1,200,672
Incoming resources for the year	-78,642	0	-78,642
Outgoing resources for the year	0	0	0
At 31 March 2023	£1,122,030	£ 0	£1,122,030