Expendi
t
ure
8226
T
otal
expenditu
re
for
the
year
before
depreciation
was
1636
,
081,299,
compared
to
1635,491,133
in
2006,
a
n
in
crease
of
11%.
8226
R
CV
S
Awardi
ng
Body
expenditure
includes
direct
c
osts
on
l
y,
w
i
th
no
re
all
ocation
of
overheads
(building
costs,
sup
p
ort
servi
ces
etc).
In
2007,
expendit
ur
e
was
in
cu
rred
devel
o
pi
ng
the
new
e-assessment
syst
em
for
veteri
n
ary
nursi
ng
written
exams.
The
exams
are
now
hel
d
at
the
same
test
centres
used
for
driving
theory
tests
du
ri
ng
t
hree
8216windows8217
per
year.
8226
Rep
ai
r
costs
are
higher
than
in
2006.
As
part
of
the
revi
ew
of
energy
savings
at
Belgrav
i
a
House,
we
have
rep
laced
most
of
the
standard
lights
with
energy-
effi
cien
t
l
i
ght
fi
tti
ngs,
and
installed
smaller
water
cist
ern
s
whi
ch
use
less
water.
The
front
elevation
of
t
he
b
u
i
l
d
i
n
g
was
repainted,
s
tonewor
k
cleaned
and
rotten
w
ood
w
ork
repl
aced.
A
walkway
was
also
const
ructed
on
th
e
roof
compl
eti
ng
the
air-conditioning
work
that
commen
ced
i
n
2006.
An
an
al
ysi
s
of
expenditure
is
shown
in
figure
14.
S
umm
ari
sed
accou
nts
T
hes
e
su
mmar
ised
accounts
inevitably
contain
only
so
me
of
t
he
in
for
mati
on
about
our
affairs
and
those
of
our
su
b
sid
i
ary.
The
f
ull
annual
accounts
and
the
auditors8217
rep
ort
on
those
a
ccounts
should
be
consulted
for
furt
her
in
f
ormati
on.
Copi
es
of
these
can
be
obtained
from
the
F
i
n
an
ce
Department,
Royal
College
of
V
eterinar
y
Su
rgeon
s,
Belgr
avi
a
House,
62-
64
Horseferry
Road,
L
on
d
on
SW
1P
2AF.
The
full
accounts
were
approved
on
b
eh
al
f
of
the
Council
on
5
June
2008
and
received
an
u
n
q
u
al
i
fi
ed
report
from
H
or
w
at
h
Clark
Whit
ehill
LLP.Fi
gure
14.
B
reakdown
of
expendi
t
ure
(%)30
25
2
0
1
5
10
5
02007
2006E
s
t
a
b
l
i
s
h
m
e
n
t
P
r
o
f
e
s
s
i
o
n
a
l
c
o
n
d
u
c
t
V
e
t
e
r
i
n
a
r
y
n
u
r
s
i
n
g
P
r
a
c
t
i
c
e
S
t
a
n
d
a
r
d
s
S
c
h
e
m
e
C
o
u
n
c
i
l
D
o
n
a
t
i
o
n
s
t
o
R
C
V
S
T
r
u
s
t
a
n
d
o
t
h
e
r
T
r
u
s
t
s
R
e
g
i
s
t
r
a
t
i
o
n
a
n
d
m
e
m
b
e
r
s
h
i
p
C
e
r
t
i
f
i
c
a
t
e
s
a
n
d
D
i
p
l
o
m
a
s
R
C
V
S
A
w
a
r
d
i
n
g
B
o
d
y
C
o
m
m
u
n
i
c
a
t
i
o
n
s
C
o
r
p
o
r
a
t
e
s
e
r
v
i
c
e
s
a
n
d
I
T
E
d
u
c
a
t
i
o
nRCVS
FACTS
2008
19FINANCE
AND
ACCOUNTSFactsandfigures:Layout 1 16/6/08 11:19 Page 19
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