The Culpin Foundation Annual Report Since its formation The Culpin Foundation has relied upon the generous support of Pets Naturally's veterinary company for the provision of administratlve expenses and salary for Valerie Holloran. Since Covid lockdown the veterinary company's turnover has declined by around £250,000 but the company has contlnued to support the Foundation fijlly. This has meant that there have been no surplus funds for provlslon of grants and donations to other organisations this year. We have continued to recelve requests for fundlng and we have retalned all fundlng request letters in order that we mlght help some of these organisations In the future. In May of 2021 the Pets Naturally veterlnary company wlll be the subject of a takeover by Medlvet Group Lfimlted and the directors expect to be able to make further donations to the Foundatlon In order to klck start some fundraislng Inltlatlves in 2021- 2022 and 2022-2023. In the meantime Ms Valerle Holloran has Indicated her intention to retire In early 2022, but to contlnue to offer her services voluntarily thereby reducfjng our administrative costs. We have also been fortunate to be Introduced to an experlenced book keeper who has experlence of maklng Glft Ald clalms. Thls wlll enable us to make full use of donatlons so far received In the last two years. We hope to have more encouraglng news ft)r 2022. Peter A Cul Sc MA VetMB MRCVS Chainnan of the Trustees 31.03.2021 Correspondence: Apartment 48, 1 Chepstow Place, IA>ndon. W2 4TE The Culpin Foundation Registered Charity No 11669T3 Company Registered in England No CEoo6625 Re8LStered Addrnss 66 Pres¢ot Street tA)ndon Ei 8NN TnLStees'. Stuart McFarlane, PeterACulpin. Sinn Withey Administrntion: Valerie Hollor ## **The Culpin Foundation** ## **Statement of financial activities Including income and expenditure account** ## **For the year ended 31 March 2021** |**Income from:**
Donations and legacies
Interest income
**Expenditure on:**
Charitable activities
Grant funding of activities
Share of governance costs
Net (expenditure) / income for the year
Fund balance at 1 April 2020
Fund balance at 31 March 2021|**Dr**
**Cr**
**Dr**
**Cr**
**£**
**£**
**£**
**£**
8,335
7,165
1
2
8,336
7,167
-
-
11,020
8,135
11,020
-
8,135
-
2,684
-
968
-
3,493
4,461
809
3,493
**2021**
**2020**| |---|---| ||8,335
1| ||-
11,020| ||| The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.