## **THE EXMOUTH ANIMAL DISPENSARY** ## **ANNUAL REPORT AND ACCOUNTS** ## **1 APRIL 2023 TO 31 MARCH 2024** **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 1. ## **THE EXMOUTH ANIMAL DISPENSARY** ## TRUSTEES' REPORT The Trustees present their report and the accounts for the year ended 31 March 2024. 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 .. 2. ## **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 28 November 2024 and signed on their behalf by: ## (Signature) _Mandy Goczkowski_ (Name) Mandy Goczkowski (Trustee) 3. 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 2024 which are set out on pages 5. to 10. ## **Respective Responsibilities of Trustees and Examiner** The Charitys trustees are responsible for the preparation of the accounts. The Charitys 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 Examiners 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 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_ J E D Rippon Chartered Certified Accountant 6 The Parade Exmouth Devon EX8 1RL Date: 29 November 2024 4. ## **THE EXMOUTH ANIMAL DISPENSARY** ## STATEMENT OF FINANCIAL ACTIVITIES ## FOR THE YEAR ENDED 31 MARCH 2024 |
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 Charitys
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 Charitys own use
Gains and losses on revaluation and disposals
on investment assets
Net movement in funds
Total funds brought forward|General
Restricted
Fund
Fund
£
£
560
0
14,921
0
33,273
0
48,754
0
91,738
0
2,409
94,147
0
(45,393)
0
-
-
(45,393)
0
-
-
84,270
-
38,877
0
1,122,030
-
1,160,907
0|Total
2024
£
560
14,921
33,273
48,754
91,738
0
2,409
94,147
(45,393)
-
(45,393)
-
84,270
38,877
1,122,030
1,160,907|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| |---|---|---|---| The Notes on Pages 6. to 10. form an integral part of these Accounts 5. ## **THE EXMOUTH ANIMAL DISPENSARY** ## BALANCE SHEET AS AT 31 MARCH 2024 |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
_R Davis_
_D S Adams_|2024
£ £
26,019
1,109,117
1,135,136
0
10,000
16,503
26,503
732
25,771
1,160,907
-
-

1,160,907
1,160,907
-

1,160,907
Print name
R Davis
D S Adams|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
Date of Approval
28 November 2024
28 November 2024| |---|---|---|---| |||

|| The Notes on Pages 6. to 10. form an integral part of these Accounts 6. ## **THE EXMOUTH ANIMAL DISPENSARY** ## NOTES OF THE ACCOUNTS ## YEAR ENDED 31 MARCH 2024 ## 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. 7. ## **THE EXMOUTH ANIMAL DISPENSARY** ## NOTES OF THE ACCOUNTS ## YEAR ENDED 31 MARCH 2024 |2.
3.
4.
5.
6.|Voluntary income
Donations and legacies
Investment income
Rents Received
Interest Received
Charitable activities
Care of Animals
Support Costs
Governance costs
Management and Administration
Management and administration
Pension Scheme
Lighting and Heating
Telephone
Rates and Water
Adverts, Printing and Stationery
Insurances
Repairs and Maintenance
Motor and Transport
Sundries
Accountancy and Independent Examination
Legal
Depreciation
Fees for examination of the accounts
Independent Examiners Remuneration|2024
£
£560
14,921
33,273
£48,194
91,738
-
£91,738
£2,409
0
264
0
0
286
1,051
0
0
74
732
0
2
£2,409
£732|2024
£
£560
14,921
33,273
£48,194
91,738
-
£91,738
£2,409
0
264
0
0
286
1,051
0
0
74
732
0
2
£2,409
£732|2023
£
£102
14,557
33,589
£48,146|2023
£
£102
14,557
33,589|2023| |---|---|---|---|---|---|---| |||||||£
£102| |||||
63,794
-
£63,794||| ||||||
£2,954|| ||||||
0
244
0
0
0
708
1,190
0
77
732
0
3
£2,954|| |||||||
£732| 8. ## **THE EXMOUTH ANIMAL DISPENSARY** ## NOTES OF THE ACCOUNTS ## YEAR ENDED 31 MARCH 2024 |7.
8.|Fixed assets
Van,
fixtures,
Land and
fittings and
buildings
equipment
Total
£
£
£
Cost or valuation
At 1 April 2023
26,015
5,473
31,488
Additions
0
0
0
Disposals
0
0
0

At 31 March 2024
£26,015
£5,473
£31,488
Depreciation
At 1 April 2023
0
5,467
5,467
On disposals
0
2
2
Charge for year
0
0
0

At 31 March 2024
, -
£5,469
£5,469
Written down amount as at 31 March 2023
£26,015
£6
£26,021
Written down amount as at 31 March 2024
£26,015
£4
£26,019
Investment assets
2024
£
Market value at 31 March 2023
1,069,847
Less:
Disposals of opening book value
(45,000)
Add:
Acquisition at cost
0
Net gain/(losses) on revaluation at 31 March 2024
84,270
Market value as at 31 March 2024
£1,109,117
Income from
Market value
investment for
2024
2024
Investments listed on a recognised stock exchange or held in
common investment funds, open ended investment companies,
unit trusts, or other collective investment schemes£1,109,117 £33,273| |---|---| 9. **THE EXMOUTH ANIMAL DISPENSARY** ## NOTES OF THE ACCOUNTS ## YEAR ENDED 31 MARCH 2024 ## Investment assets Cont/d .. ## Material investment holdings ## 9. ## 10. |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|2024
0
0
£ 0
-
732
£732|906,199
88,601
114,317
£1,109,117|906,199
88,601
114,317|906,199
88,601
114,317| |---|---|---|---|---| |||


||
2023
0
0| |||||£ 0| |||||-
732| |||||£732| ## 11. Related party transactions. No trustees were re-imbursed any expenses during the year (2023 - £NIL). |12.|Funds|Unrestricted|Restricted|| |---|---|---|---|---| |||Funds|Funds|Total| |||£|£|£| ||At 1 April 2023|1,122,030|0|1,122,030| ||Incoming resources for the year|38,877|0|38,877| ||Outgoing resources for the year|0|0|0| ||At 31 March 2024|£1,160,907|£ 0|£1,160,907| 10.