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2021-03-31-accounts

Charity no. 1181527

StreetVet

Report and Unaudited Financial Statements

31 March 2021

StreetVet

Reference and administrative details

For the year ended 31 March 2021 For the year ended 31 March 2021
Charity number 1181527
Registered office and 4 Battersea Park Road
operational address London
SW8 4AA
Trustees The trustees who served during the year and up to the date of this report
were as follows:
Nicki Glen Appointed 4 May 2021
Sam Joseph
Chin Chooi Lim Appointed 10 November 2021
Paul Manktelow Resigned 4 May 2021
Rebecca Maynard
George Ruiz Resigned 4 May 2021
Key management Zoe Abbotts General Manager
personnel Jade Statt Clinical Director
Bankers Barclays Bank Plc
Leicester
LE87 2BB
Independent examiners Godfrey Wilson Limited
Chartered accountants and statutory auditors
5th Floor Mariner House
62 Prince Street
Bristol
BS1 4QD

1

StreetVet

Report of the trustees

For the year ended 31 March 2021

The trustees present their report and the financial statements for the year ended 31 March 2021.

Reference and administrative information set out on page one forms part of this report. The financial statements comply with current statutory requirements, the memorandum and articles of association and the Statement of Recommended Practice Accounting and Reporting by Charities: SORP applicable to charities preparing their accounts in accordance with FRS 102.

Objectives and activities

StreetVet provides free, essential veterinary care and services to the animals belonging to the homeless community.

In addition, StreetVet raises awareness of its activities and raises funds to cover the costs of veterinary services, veterinary supplies, pet equipment, volunteer recruiting and training in line with its charitable aims. This includes the StreetVet Accredited Hostel Scheme which offers free, accessible veterinary care for pets whose owners are experiencing homelessness, as well as support for hostel managers and staff to adopt and implement positive pet policies.

The trustees review the aims, objectives and activities of the charity each year. This report looks at achievements and outcomes during the reporting period. The trustees report on the success of each key activity, noting how StreetVet’s operations have benefitted local populations. The review helps trustees ensure the charity's aims and activities remained focused on its stated purposes.

The trustees have referred to the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and when planning future activities. In particular, the trustees consider how planned activities will contribute to the objectives that have been set.

During the financial year 2020-2021, StreetVet conducted 1,451 consultations and set up 1 new location, bringing the total number of locations StreetVet operates into 17. Details are provided in the Achievements and Performance section below.

Achievements and performance

The charity's main activities are described below. All its charitable activities focus on animal welfare and are undertaken to further StreetVet’s charitable purposes for the public benefit.

StreetVet formed a board in January 2019 and was registered as a UK charity on 11 January 2019. Two full-time members of staff were appointed in financial year 2019-2020, an Operations Manager and a General Manager. Co-founder Jade Statt provided consultancy up until 31 March 2020 and was appointed as Clinical Director on 1 April 2020.

Consultant, Scott Shearer was appointed for six months from December 2019 to May 2020 to support the onboarding of permanent staff and the development and implementation of operational procedures across locations.

A Digital Marketing Apprentice was recruited and appointed on 1 March 2021, bringing the total number of staff to four at the end of financial year 2020-2021. StreetVet has recruited and hired a further three members of staff between September and December 2021 bringing the total to seven.

2

StreetVet

Report of the trustees

For the year ended 31 March 2021

In accordance with government COVID-19 guidelines, all outreaches stopped operating between March – July 2020. During lockdown we adapted our service model to continue to support our vulnerable clients with the delivery of food and essential medications for their pets. We offered telephone consults and worked closely with hostels and local housing authorities to ensure communication lines were available between us and our clients. In the case of emergencies, patients were booked into local vet practices to be treated.

We are committed to take every step possible to ensure the safety and wellbeing of our staff, volunteers and the people who use our service. We put in place COVID-19 risk assessments and compliance for volunteers and provide full PPE.

In July 2020 as government guidelines allowed and restrictions lifted, the volunteer teams began outreaching again. This meant some adaptations; targeted outreach, a maximum of 3 volunteers, outside only, social distancing of 2 metres and volunteers to be wearing full PPE. We continued to follow these rules until May 2021, when restrictions were eased further and we went back to providing our full service. We continue to provide PPE for our volunteers and clients and monitor and observe any changes in government guidelines.

One impact of the pandemic was our location growth. Due to the lockdowns and the effects they had on many businesses and organisations throughout the country, we were not able to onboard more than one new location this year. This is because in order to set up a new location we need to recruit, onboard and mentor new volunteers and build relationships with vet practices, boarding kennels, taxi companies and local grassroot organisations such as soup kitchens, day centres and night shelters. StreetVet Aberdeen ran their first outreach on 27 April 2021 once Scottish COVID-19 restrictions allowed.

Despite ceasing outreaches for several months over 2020-2021 we saw an unprecedented demand for our services and registered 212 new patients over the course of the year. 48 of these new patients were located in areas outside of our 17 locations. This meant that we did not have a team of StreetVet volunteers to meet the owners and register their pets, so we worked with local veterinary practices to ensure that veterinary treatment was received.

StreetVet performed 1,451 consultations and saw 442 patients during the financial year 2020-2021. 405 Dogs 33 Cats 2 Ferrets 1 Rat 1 Bearded Dragon

48 additional patients were looked after by local partner practices and the treatment funded by StreetVet.

3

StreetVet

Report of the trustees

For the year ended 31 March 2021

Number of consultations per month FY2020-2021

----- Start of picture text -----
180
160
140
120
100
80
60
40
20
0
Apr May June July Aug Sept Oct Nov Dec Jan Feb Mar
2020 2020 2020 2020 2020 2020 2020 2020 2020 2021 2021 2021
----- End of picture text -----

Fig. 1. Shows how the government lockdowns impacted our ability to outreach.

StreetVet’s total consultation count since inception is 5,706 and we have treated 1,227 patients.

During the pandemic it has become more apparent that a key barrier to homeless individuals with pets re-entering the housing system was the lack of hostels that accepted animals. StreetVet wanted to reduce the incidence of people with pets becoming “voluntarily homeless” because they have to either refuse a hostel room or refuse to relinquish their pet and started work on the concept of a StreetVet Accredited Hostel Scheme.

StreetVet Accredited Hostel Scheme Film - https://www.youtube.com/watch?v=XOIMRZV4RAc

In June 2020, the Charity was awarded a grant from Purina Better with Pets of £41,024 to support the development of the StreetVet Accredited Hostel Scheme, with this significant funding the scheme went live with pilot hostel DENS – The Elms in Hemel Hempstead in November 2020.

The scheme offers free, accessible veterinary care for pets whose owners are experiencing homelessness, as well as education and support for hostel managers and staff to adopt and implement positive pet policies.

4

StreetVet

Report of the trustees

For the year ended 31 March 2021

To make the scheme a success StreetVet engaged the support of several partners who generously offer pro bono or discounted services. Thanks goes to Webbox, Ancol, Blue Cross, PAWSQUAD, Earth Animal, Battersea Dogs and Cats Home, Eurekos, Ali Norden, The Print Agency, A-LAW and HELP FILM for enabling the dream to become a reality.

Financial review

A priority for the financial period was to establish a professional infrastructure and set of processes for staff and volunteers to work within.

The Charity implemented the Salesforce NPSP CRM platform to grow the charity’s service delivery capacity and secure the future of charitable activities.

The Charity migrated from GSuite to O365 which brought all staff, trustees, volunteers and StreetVet locations under the StreetVet.org.uk domain.

The Charity implemented the financial software package Xero to ensure efficient invoicing and accounts payable processes.

There was also the importance of continuing to build the sustainable funding streams framework and reviewing the fundraising systems put in place to secure individual and regular donations from the general public. The addition of the Salesforce NPSP CRM platform has led to better management of our donors to promote long term support. This area saw consistent growth over the year.

5

StreetVet

Report of the trustees

For the year ended 31 March 2021

Donation Platform Growth

----- Start of picture text -----
140000
120000
100000
80000
60000 Total
40000
20000
0
Donation Platform 19-20 Donation Platform 20-21
----- End of picture text -----

The charity has submitted a number of successful grant applications including Purina Better With Pets (£41,024), The National Lottery Coronavirus Community Support Fund (£10,000), GC Gibson Charitable Trust (£4,000) and The Grocers Charity (£5,000) and continued to develop our corporate relationships to support operational activities with PetPlan Charitable Trust (£33,250) funding and BuySure rebates (£1,753).

In July 2021, StreetVet were awarded a grant from Battersea Dogs & Cats Home for £27,500 to fund the salary (excluding tax, NI, pension) of a Hostel Coordinator for 1 year. This position was required to coordinate and support the application, onboarding and renewal processes for hostels joining the StreetVet Accredited Hostel Scheme. The Hostel Coordinator was hired in September 2021.

Battersea Dogs and Cats Home continues to provide StreetVet with support. StreetVet has worked together with multiple instances of guidance/advice: meetings with Fundraising Manager, Clinical Director and Volunteer Manager. Battersea has also looked after 6 dogs for 178 days (at an average of 29 days per dog) over the course of this financial year. Due to the pandemic StreetVet hasn’t been able to make full use of the ongoing generous offer of office support which includes two full-time desk spaces, inclusive of two computers, two phones (with individual telephone lines), one shared printer, regular use of Battersea meeting rooms, access to administrative support, stationary supplies and a lockable storage room on site for StreetVet donations and supplies.

StreetVet has benefited from significant gifts in kind and pro bono work during the reporting period and since the year-end including, but not limited to, graphic design, PR, web design, social media marketing, legal advice, photography, videography, printing, uniforms, software platforms, recruitment, kennelling, veterinary medications, diagnostics, pet food, pet equipment and veterinary services. The estimated value of this totalled over £250,000 during the financial year 2020-2021.

6

StreetVet

Report of the trustees

For the year ended 31 March 2021

Organisations supplying gifts in kind include: A Brush with Love Idexx Laboratories Protexin A-Law IVC Evidensia Provet Cloud Ali Nordon - Graphic Designer J.A.K. Marketing Purina Ancol Pet Products Limited James Greenwood Reward Gateway Animals at Home Kite Robin Trow Photography Animalcare Limited Law Works Rory Cowlam Battersea Dogs and Cats Home Leucillin RSPCA Blue Cross Lil wabbit Salesforce Boehringer Ingelheim Lintbells Shook PR Bought by Many Lucy's Web Design Tails Cats Protection League Mapac The Print Agency CEVA Animal Health Ltd Medivet TVM Cirrico MSD Animal Care The Veterinary Defence Clare Balding N2-UK Society Dechra Oralade VetPlus Earth Animal PAAW HOUSE Vets Digital Elanco Paul O Grady Vets Now Eurekos PawSquad Vets4Pets Focus on Media PDSA Vidivet Goddard Veterinary Group Pet Blood Bank Veterinary Poisons Chloe Leman - Graphic Design Pet Remedy Information Service Hercule Von Wolfwinkle Petplan We Are The View PR Hill's Pet Nutrition Ltd Pets At Home Webbox Iams Protect My Pet Woodley Equipment

The fundraising landscape remains challenging across the voluntary sector and a robust and sustainable fundraising strategy remains a high priority. Recruiting a dedicated fundraising trustee has proved challenging and efforts to recruit to this role continue this financial year.

Principal risks and uncertainties

Key risks are regularly reviewed and updated, including operational risks that could arise on outreaches and risks associated with the COVID-19 pandemic. Below is the list of principal risks for StreetVet as well as mitigating actions:

7

StreetVet

Report of the trustees

For the year ended 31 March 2021

Reserves policy

The StreetVet board policy for holding reserves is to target a level of reserves that represents a minimum of six months of charitable activities to enable it to hold sufficient funds to deliver the client treatments and continuity of care to the animals it has committed to help. Reserves (defined as unrestricted net current assets) are monitored on a monthly basis and reported at each trustee board meeting. Should the level of reserves fall below the target level, trustees will be informed immediately. As of 31 March 2021 reserves stood at £261,651.

Future plans

StreetVet plans to use 2021-2022 to take stock, build a robust volunteer strategy and hire key resources. The four key areas of development are:

Structure, governance and management

The organisation is a Charitable Incorporated Organisation and registered as a charity on 11 January 2019.

All trustees give their time voluntarily and receive no benefits from the charity. Any expenses reclaimed from the charity are set out in Note 7 to the accounts.

Day-to-day operations are delegated to the Managing Director. Trustees meet a minimum of 6 times a year and provide strategic direction and governance oversight.

All new trustees are provided with an induction pack, which includes the charity's Memorandum of Association, a statement of trustee roles and responsibilities, conflict of interest policy and relevant guidance from the Charity Commission. The Chair meets with each new trustee individually and a programme of support and training is available for new trustees.

Appointment of trustees

StreetVet trustees are selected and appointed based on suitability, experience and commitment to the cause based on their skills and experience, both clinical and non-clinical, so that there is a good professional and cultural fit.

Related parties and relationships with other organisations

StreetVet operates as an independent UK charity.

Remuneration policy for key management personnel

To be effective, StreetVet must attract and retain the right staff and reward good work. The board sets the General Manager’s remuneration and other key management salaries, taking account of remuneration for similar roles within the sector. The board reviews remuneration annually as part of the annual budgeting process.

8

StreetVet

Report of the trustees

For the year ended 31 March 2021

Statement of responsibilities of the trustees

The trustees are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (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 the incoming resources and application of resources, including the net income or expenditure, of the charity for the year. In preparing those financial statements the trustees are required to:

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the constitution. The trustees 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.

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charity's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Members of the charity have no liability to contribute to the assets of the charity in the event of winding up. The trustees are members of the charity but this entitles them only to voting rights. The trustees have no beneficial interest in the charity.

Independent examiners

Godfrey Wilson Limited were re-appointed as independent examiners to the charity during the year and have expressed their willingness to continue in that capacity.

Approved by the trustees on 12 January 2022 and signed on their behalf by

Rebecca-Louise Maynard Chair of Trustees

9

Independent examiner's report

To the trustees of

StreetVet

I report to the trustees on my examination of the accounts of StreetVet (the CIO) for the year ended 31 March 2021, which are set out on pages 11 to 24.

Responsibilities and basis of report

As the charity trustees of the CIO you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the CIO’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner’s statement

Since the CIO’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodies.

Godfrey Wilson Limited also provides payroll services to the CIO. I confirm that as a member of the ICAEW I am subject to the FRC’s Revised Ethical Standard 2016, which I have applied with respect to this engagement.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Date: 12 January 2022 Rob Wilson FCA Member of the ICAEW For and on behalf of: Godfrey Wilson Limited Chartered accountants and statutory auditors 5th Floor Mariner House 62 Prince Street Bristol BS1 4QD

10

StreetVet

Statement of financial activities

For the year ended 31 March 2021

Restricted Unrestricted
Note
£
£
Income(and endowments) from:
Donations and legacies
3
-
528,887
Charitable activities
4
96,534
1,800
Total income(and endowments)
96,534
530,687
Expenditure on:
Raising funds
-
45,426
Charitable activities
68,158
443,928
Total expenditure
6
68,158
489,354
Net income / (expenditure)
28,376
41,333
Transfers between funds
-
-
Net movement in funds
7
28,376
41,333
Reconciliation of funds:
Total funds brought forward
18,817
223,450
Total funds carried forward
47,193
264,783		 2021
Total
£
528,887
98,334
627,221
45,426
512,086
557,512
69,709
-
69,709
242,267
311,976		 11 January
2019 to 31
March 2021
Total
£
586,261
38,593
624,854
22,498
360,089
382,587
242,267
-
242,267
-
242,267

All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. Movements in funds are disclosed in note 14 to the accounts.

11

StreetVet

Balance sheet

As at 31 March 2021

Note
Fixed assets
Tangible assets
10
Current assets
Debtors
11
Cash at bank and in hand
Liabilities
Creditors: amounts falling due within 1 year
12
Net current assets / (liabilities)
Net assets / (liabilities)
13
Funds
14
Restricted funds
Unrestricted funds
General funds
Total charity funds		 £
52,094
268,753
320,847
(12,003)		 2021
£
3,132
3,132
308,844
311,976
47,193
264,783
311,976		 2020
£
-
-
15,758
250,063
265,821
(23,554)
242,267
242,267
18,817
223,450
242,267

Approved by the trustees on 12 January 2022 and signed on their behalf by

Rebecca-Louise Maynard Chair of Trustees

12

StreetVet

Notes to the financial statements

For the year ended 31 March 2021

1. Accounting policies

a) Basis of preparation

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities in preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

StreetVet meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note.

b) Going concern basis of accounting

The accounts have been prepared on the assumption that the charity is able to continue as a going concern, which the trustees consider appropriate having regard to the current level of unrestricted reserves. There are no material uncertainties about the charity's ability to continue as a going concern.

c) Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item of income have been met, it is probable that the income will be received and the amount can be measured reliably.

Income from the government and other grants, whether 'capital' grants or 'revenue' grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

d) Donated services and facilities

Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item, is probable and the economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), general volunteer time is not recognised.

On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

e) Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity: this is normally upon notification of the interest paid or payable by the bank.

13

StreetVet

Notes to the financial statements

For the year ended 31 March 2021

f) Funds accounting

Unrestricted funds are available to spend on activities that further any of the purposes of the charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity's work or for specific projects being undertaken by the charity.

g) Expenditure and irrecoverable VAT

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

h) Allocation of support and governance costs

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Governance costs are the costs associated with the governance arrangements of the charity, including the costs of complying with constitutional and statutory requirements and any costs associated with the strategic management of the charity’s activities. These costs have been allocated between cost of raising funds and expenditure on charitable activities on the following basis:

2021 2020
General fundraising 8.1% 5.9%
Charitable activities 91.9% 94.1%

i) Tangible fixed assets

Depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. The depreciation rates in use are as follows:

Computer equipment

4 years

Items of equipment are capitalised where the purchase price exceeds £1,000.

j) Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

k) Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

14

StreetVet

Notes to the financial statements

For the year ended 31 March 2021

l) Creditors

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

m) Financial instruments

The trust only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently recognised at amortised cost using the effective interest method.

n) Pension costs

The charity operates a defined contribution pension scheme for its employees. There are no further liabilities other than that already recognised in the SOFA.

o) Foreign currency transactions

Transactions in foreign currencies are translated at rates prevailing at the date of the transaction. Balances denominated in foreign currencies are translated at the rate of exchange prevailing at the year end.

p) Accounting estimates and key judgements

In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. The key sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are depreciation as described in note 1 (i).

15

StreetVet

Notes to the financial statements

For the year ended 31 March 2021

2. Prior period comparatives: statement of financial activities

Income from:
Donations and legacies
Charitable activities
Total income
Expenditure on:
Raising funds
Charitable activities
Total expenditure
Net income / (expenditure)
Transfers between funds
Net movement in funds		 Restricted
Total
£
£
£
-
586,261
586,261
31,843
6,750
38,593
31,843
593,011
624,854
-
22,498
22,498
13,026
347,063
360,089
13,026
369,561
382,587
18,817
223,450
242,267
-
-
-
18,817
223,450
242,267
11 January
2019 to 31
March 2021
Unrestricted		 Restricted
Total
£
£
£
-
586,261
586,261
31,843
6,750
38,593
31,843
593,011
624,854
-
22,498
22,498
13,026
347,063
360,089
13,026
369,561
382,587
18,817
223,450
242,267
-
-
-
18,817
223,450
242,267
11 January
2019 to 31
March 2021
Unrestricted
624,854
22,498
360,089
382,587
242,267
-
242,267

16

StreetVet

Notes to the financial statements

For the year ended 31 March 2021

3. Income from donations and legacies

Income from donations and legacies
2021
Restricted Unrestricted Total
£ £ £
Donations - 238,667 238,667
Vetsure rebates - 5,858 5,858
Gift Aid - 32,522 32,522
Gifts in kind - 251,840 251,840
Total income from donations and legacies - 528,887 528,887
Included within gifts in kind are goods and services which have been analysed to the following
expenditure:
Animal care services 164,098
Vet equipment 2,167
Professional fees 85,575
251,840
2020
Prior period comparative: Restricted Unrestricted Total
£ £ £
Donations - 295,213 295,213
Animal Friends prize money - 100,000 100,000
Vetsure rebates - 3,998 3,998
Gift Aid - 15,191 15,191
Gifts in kind - 171,859 171,859
Total income from donations and legacies - 586,261 586,261
Included within gifts in kind are goods and services which have been analysed to the following
expenditure:
Animal care services 97,460
Vet equipment 16,841
Professional fees 57,558
171,859

17

StreetVet

Notes to the financial statements

For the year ended 31 March 2021

4. Income from charitable activities

DNU Movement for Good
GC Gibson Charitable Trust
National Lottery
Pet Plan Charitable Trust
Purina Better With Pets
The Grocers Charity
Conference
Total income from charitable activities
Prior period comparative:
Ivo Trust
Pet Plan Charitable Trust
Total income from charitable activities		 Restricted
£
£
1,000
-
4,010
-
10,000
-
35,500
-
41,024
-
5,000
-
-
1,800
96,534
1,800
Restricted
£
£
14,843
-
17,000
6,750
31,843
6,750
Unrestricted
Unrestricted		 2021
Total
£
1,000
4,010
10,000
35,500
41,024
5,000
1,800
98,334
2020
Total
£
14,843
23,750
38,593

5. Government grants

The charity receives government grants, defined as funding from National Lottery to fund charitable activities. The total value of such grants during the period was £10,000 (2020: £nil). There were no unfulfilled conditions or contingencies attached to these grants in 2020/21.

18

StreetVet

Notes to the financial statements

For the year ended 31 March 2021

6.
Total expenditure
Staff costs (note 8)
Training
Travel, food and subsistence
Storage costs
Animal care services
Postage
Marketing
Telecoms
Vet equipment
Office equipment
Insurance
Accountancy
Donation platform fees
Event costs
Website fees
Professional fees
Activity related fees
Depreciation
Sub-total
Allocation of support and governance costs
Total expenditure		 Raising
funds
£
34,152
-
-
-
-
-
778
-
-
-
-
-
4,862
-
-
-
-
-
39,791
5,635
45,426		 Charitable
activities
£
63,172
-
1,367
8,481
266,678
-
-
-
4,846
-
-
-
-
1,180
-
102,834
-
-
448,558
63,528
512,086		 Support and
governance
costs
£
39,549
1,732
-
-
-
7,104
-
3,577
-
-
1,947
3,972
-
-
-
10,231
-
1,050
69,163
(69,163)
-		 2021 Total
£
136,873
1,732
1,367
8,481
266,678
7,104
778
3,577
4,846
-
1,947
3,972
4,862
1,180
-
113,065
-
1,050
557,512
-
557,512		 Raising
funds
£
-
-
-
-
-
-
659
-
-
-
-
-
4,440
13,278
-
-
-
-
18,377
4,121
22,498		 Charitable
activities
£
87,269
-
6,025
5,880
156,124
-
-
-
32,117
-
-
-
-
-
-
-
6,956
-
294,371
65,718
360,089		 Support and
governance
costs
£
-
-
-
-
-
2,177
-
312
-
602
1,413
3,900
-
-
345
61,090
-
-
69,839
(69,839)
-		 2020 Total
£
87,269
-
6,025
5,880
156,124
2,177
659
312
32,117
602
1,413
3,900
4,440
13,278
345
61,090
6,956
-
382,587
-
382,587

Total governance costs were £2,130 (2020: £1,920)

19

StreetVet

Notes to the financial statements

For the year ended 31 March 2021

7. Net movement in funds

This is stated after charging:

Net movement in funds
This is stated after charging:
2021 2020
£ £
Depreciation 1,050 -
Operating lease payments
Trustees' remuneration Nil Nil
Trustees' reimbursed expenses Nil Nil
Independent examiners fee
▪Year end 1,650 1,440
▪Other services 480 480

8. Staff costs and numbers Staff costs were as follows:

Salaries and wages
Freelance staff		 2021
£
126,273
10,600
136,873		 2020
£
17,887
69,382
87,269

No employee earned more than £60,000 during the year.

The key management personnel of the charity comprise the Trustees, General Manager, and Clinical Director. The total employee benefits of the key management personnel were £94,293 (2020: £60,856).

Average head count 2021
No.
3.00		 2020
No.
3.00

9. Taxation

The charity is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.

20

StreetVet

Notes to the financial statements

For the year ended 31 March 2021

10. Tangible fixed assets

Cost
At 1 April 2020
Additions in year
Disposals
At 31 March 2021
Depreciation
At 1 April 2020
Charge for the year
On disposals
At 31 March 2021
Net book value
At 31 March 2021
At 31 March 2020
Debtors
Prepayments
Accrued income
Other taxation and social security
Creditors : amounts due within 1 year
Trade creditors
Accruals
Other taxation and social security
Pension		 2021
£
1,185
47,713
3,196
52,094
2021
£
9,266
2,130
-
607
12,003		 Total
£
-
4,182
-
4,182
-
1,050
-
1,050
3,132
-
2020
£
567
15,191
-
15,758
2020
£
16,388
1,920
4,921
325
23,554

11. Debtors

12. Creditors : amounts due within 1 year

21

StreetVet

Notes to the financial statements

For the year ended 31 March 2021

13. Analysis of net assets between funds

Analysis of net assets between funds
Tangible fixed assets
Current assets
Current liabilities
Net assets at 31 March 2021
Prior year comparative
Current assets
Current liabilities
Net assets at 31 March 2020		 £
-
47,193
-
47,193
£
18,817
-
18,817
Restricted
funds
Restricted
funds		 £
3,132
273,654
(12,003)
264,783
£
247,004
(23,554)
223,450
Unrestricted
funds
Unrestricted
funds		 Total
funds
£
3,132
320,847
(12,003)
311,976
Total
funds
£
265,821
(23,554)
242,267

22

StreetVet

Notes to the financial statements

For the year ended 31 March 2021

14. Movements in funds

Restricted funds
DNU Movement for Good
GC Gibson Charitable Trust
Ivo Trust
National Lottery
Pet Plan Charitable Trust
Purina Better With Pets
The Grocers Charity
Total restricted funds
General funds
Total unrestricted funds
Total funds
Unrestricted funds		 At 1 April
2020
£
-
-
13,073
-
5,744
-
-
18,817
223,450
223,450
242,267		 Income
£
1,000
4,010
-
10,000
35,500
41,024
5,000
96,534
530,687
530,687
627,221		 £
(1,000)
(4,010)
(1,950)
(10,000)
(20,256)
(30,942)
-
(68,158)
(489,354)
(489,354)
(557,512)
Expenditure		 £
£
-
-
-
-
-
11,123
-
-
-
20,988
-
10,082
-
5,000
-
47,193
-
264,783
-
264,783
-
311,976
Transfers
between
funds
At 31
March 2021		 £
£
-
-
-
-
-
11,123
-
-
-
20,988
-
10,082
-
5,000
-
47,193
-
264,783
-
264,783
-
311,976
Transfers
between
funds
At 31
March 2021
47,193
264,783
264,783
311,976

Purposes of restricted funds DNU Movement for Good

To fund veterinary costs.

GC Gibson Charitable Trust

To fund veterinary costs.

Ivo Trust

To fund 35 medical backpacks, 1,000 dog tags and 35 tablets with sturdy cases.

National Lottery

To fund veterinary costs.

PetPlan Charitable Trust

To fund StreetVet drug costs, uniforms and protective clothing.

Purina Better With Pets

To fund the development and implementation of the StreetVet Accredited Hostel Scheme.

The Grocers Charity

To fund veterinary costs.

23

StreetVet

Notes to the financial statements

For the year ended 31 March 2021

14. Movements in funds (continued)

Movements in funds (continued)
Prior year comparative
Restricted funds
Ivo Trust
PetPlan Charitable Trust
Total restricted funds
General funds
Total unrestricted funds
Total funds
Unrestricted funds		 At 1 April
2019
£
-
-
-
-
-
-		 Income
£
14,843
17,000
31,843
593,012		 £
(1,770)
(11,256)
(13,026)
(369,562)
(369,562)
(382,588)
Expenditure		 £
£
-
13,073
-
5,744
-
18,817
-
223,450
-
223,450
-
242,267
Transfers
between
funds
At 31
March 2020
18,817
223,450
593,012
624,855		 223,450
242,267

15 Related party transactions

There were no related party transactions in the year.

24