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2022-03-31-accounts

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Charity no. 1181527
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StreetVet

Report and Unaudited Financial Statements

31 March 2022

StreetVet

Reference and administrative details

For the year ended 31 March 2022 For the year ended 31 March 2022
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 Resigned 31 January 2022
George Ruiz Resigned 4 May 2021
Key management Zoe Abbotts Managing Director
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 2022

Our purpose

To protect the human-animal bond.

Our vision

To support the wellbeing of all pets and their owners experiencing homelessness.

Our mission

To provide free vet care for the pets of people experiencing homelessness. To protect the human-animal bond, keeping pets and their owners together wherever possible.

Our values

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StreetVet

Report of the trustees

For the year ended 31 March 2022

Welcome from our Chair

What a challenging year. The trustees are innately proud of the way the whole team and supporters of StreetVet have adapted services for the pet owning homeless, continuing to provide veterinary care and support, just in a different way.

Supporting the volunteer team to do this has been paramount and launching such initiatives as the KITE wellbeing app is ground-breaking within the veterinary industry per se and a real support.

StreetVet is changing the course of what has been an inevitable choice of a home or your pet with the hostel scheme and this, as detailed later, can only revolutionise the health and welfare of people experiencing homelessness and their pets. I, as do the rest of the team, look forward to seeing this go from strength to strength.

We really appreciate and thank you for the support from individuals, groups, companies, and other charities that help us continue to make significant change to homeless people and their pets’ lives.

The year ahead will be equally challenging, but with our strategic plan, and the team, we embrace these opportunities.

Nicki Glen, Chair of trustees

Welcome from our Managing Director

Like many charitable organisations, StreetVet has faced its fair share of challenges this financial year. Our staff and volunteers have worked hard to ensure that StreetVet adapts and evolves as we work through the impact of the Covid-19 pandemic. We have done all we can to deliver the best service possible whilst adapting to the latest government guidelines regionally and operationally.

We have seen a marked increase in demand for StreetVet services nationwide, which has put intense pressure on our small back office team and our financial resources. This increase has led us to focus on implementing formal processes for staff and volunteers, to enable us to become more efficient and make sure that we can provide support for our patients and their owners, both now and in to the future.

We have clear plans for the year ahead, including a commitment to build a more robust StreetVet core infrastructure, which will enable us to grow and ultimately reach more pets across the UK who need our support.

Whether you are a member of staff, a StreetVet volunteer, or a StreetVet supporter, each and every one of you helps makes a difference to the lives of the pets and their people experiencing homelessness around the UK. Thank you.

I am so proud of what we have been able to achieve this year. Thank you on behalf of all of us for your continued support. We are extremely grateful.

Zoe Abbotts, Managing Director

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StreetVet

Report of the trustees

For the year ended 31 March 2022

The trustees present their report and the financial statements for the year ended 31 March 2022.

Reference and administrative information set out on page 1 forms part of this report. The financial statements comply with current statutory requirements, the Constitution and the Statement of Recommended Practice - Accounting and Reporting by Charities (effective from January 2019).

Structure and governance

StreetVet (“The charity”) is a Charitable Incorporated Organisation, charity registration number 1181527 (England and Wales). The charity registered with the Charity Commission on 11 January 2019 and is governed by a constitution embodying its rules and principles.

StreetVet has a board of 3 unpaid trustees, referred to as our Trustee Board. The Board meets a minimum of four times a year and acts as the charity’s governing body with powers to delegate day today management to the StreetVet leadership team, as defined below. All trustees give their time voluntarily and receive no benefits from the charity. Any expenses reclaimed from the charity are set out in the accounts.

StreetVet would like to thank Becky Maynard, Paul Manktelow and George Ruiz for their contributions to the charity.

Trustee recruitment and appointment

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.

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.

The leadership team, led by the Managing Director, is responsible for the day-to-day running of the charity under authority delegated by the Trustee Board to the Managing Director. The leadership team proposes to the Trustee Board where the charity should invest its time, money and expertise. It proposes an annual budget to the Trustee Board for approval and monitors financial performance accordingly.

Regular trustee meetings took place during this period to ensure clear understanding and oversight of the business for all. The trustees have assessed the risks to which the charity is exposed, those relating to the operations and finances of the charity and are satisfied that there are systems in place to mitigate exposure.

Related parties and relationships with other organisations

StreetVet operates as an independent UK charity.

Remuneration policy

StreetVet aims for a sustainable and consistent pay policy that meets the diverse requirements of the skills and experience needed and a pay practice that ensures that individual pay decisions are supported by a performance management process that applies to all employees in the organisation.

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StreetVet

Report of the trustees

For the year ended 31 March 2022

The objective of this policy is to ensure that StreetVet can attract and retain the right people with the right skills to deliver its work. The policy also ensures that the managing director, leadership team and employees are provided with appropriate remuneration to encourage optimum performance and are rewarded in a fair and reasonable manner for their individual contributions to the overall success of the charity.

Key principles applicable to all levels of pay at StreetVet:

To ensure StreetVet are paying market rates, the charity will be running a salary benchmarking exercise in April 2023 ahead of the annual appraisals.

Objectives and activities

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 is a multi-award winning registered charity delivering free essential veterinary care and services to the pets of people experiencing homelessness in multiple locations around the UK.

The focus of the charity is to help provide veterinary services to those in need, primarily those who would struggle to access veterinary care through other providers due to lack of mobility, finances or trust.

For many owners, particularly the most vulnerable and socially isolated, companion animals give them a purpose, reason and routine in their lives. Pet ownership is particularly challenging for homeless individuals because of the exclusion from services, loss of mobility and financial cost implications. The causes of homelessness are complex and multifactorial, as are its consequences.

Our purpose:

To protect the human-animal bond.

Our vision:

To support the wellbeing of all pets and their owners experiencing homelessnes.

Our mission:

To provide free vet care for the pets of people experiencing homelessness. To protect the human-animal bond, keeping pets and their owners together wherever possible.

StreetVet support is accessible in three ways:

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StreetVet

Report of the trustees

For the year ended 31 March 2022

Our teams of 400 volunteer vets and registered veterinary nurses provide community vet care at regular scheduled stations on the streets and in hostels, often working alongside grass root organisations such as soup kitchens or health for the homeless. Regular stations are scheduled on evenings or weekends and generally last 1-2 hours. During these, we aim to provide any service which could normally be delivered in a veterinary consulting room, working in solidarity with owners who typically manage to provide for their pets admirably well despite their difficult circumstances. By gradually building rapport with vulnerable owners while their pets are healthy, we ensure they trust us with their pets’ care when they fall ill.

We run outreaches in 17 locations: Aberdeen, Birmingham, Bournemouth, Brighton, Bristol, Cambridge, Cornwall (St Austell, Truro, Newquay, Redruth and Penzance), Glasgow, Gloucester, Hertfordshire, Lincoln, London (Shoreditch, Hackney and Camden), Norwich, Peterborough, Plymouth, Reading, Southampton and Swansea.

We also support pets referred to us outside the 17 locations. These referrals come from members of the public, vet practices, social workers, hostel staff, police, and RSPCA to name a few. In cases such as these we support the owner and their pet by working with a local veterinary practice to provide the care they need, whilst covering the cost of the treatment. This significantly increases our outgoings as we do not have a team of volunteers on the ground to provide the preventative and reactive veterinary care, so most cases that are referred to us are costly emergency procedures.

The StreetVet Accredited Hostel Scheme 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.

Charity Governance Code

The StreetVet Trustee Board operates under the principles of the Charity Governance Code.

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.

This coming year the StreetVet Trustee Board will complete a review of the Charity Governance Code to ensure that we maintain compliance and to see what recommendations we should adopt within the code.

Public benefit

StreetVet exists to ensure that all pets belonging to people who are experiencing homelessness get the veterinary treatment and support they deserve and ultimately live happy, healthy lives, free from the threat of unnecessary pain and lack of veterinary care.

Pets can play a vital role in keeping humans physically and mentally happy and healthy. We at StreetVet work hard to help maintain the human-animal bond that is so important.

StreetVet's charitable activities focus firmly on animal welfare, but we also believe our contributions towards public benefit (as defined by the Charity Commission) extend into the following areas:

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StreetVet

Report of the trustees

For the year ended 31 March 2022

Goals

StreetVet’s long term goal is to ensure that all pets belonging to people experiencing homelessness will have access to essential veterinary care.

We also aim to:

In order to achieve this we are working on short term goals which include:

Achievements and performance

The charity underwent a period of intense restructuring and recruitment between May 2021 and January 2022:

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StreetVet

Report of the trustees

For the year ended 31 March 2022

This brought the total number of staff to seven at the end of financial year 2021-2022.

We continue to recruit for additional trustee positions to complement the existing skill sets.

Pandemic guidelines continued into this reporting period and as government guidelines allowed, and restrictions lifted, the volunteer teams began outreaching again. This meant some adaptations to our outreach service delivery: targeted outreach, 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 still continue to provide PPE for our volunteers and clients if they request it.

During the financial year 2021-2022, StreetVet:

The pandemic seriously impacted StreetVet in several ways:

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StreetVet

Report of the trustees

For the year ended 31 March 2022

As can be seen from the chart below, we have experienced an unprecedented demand for our services since August 2021:

We have registered 362 new patients over the course of the year, a 47% increase on the previous year.

StreetVet conducted 1,753 consultations, an increase of 20% on the previous year which brings us to 7,465 total consults performed since inception.

At the end of this reporting period StreetVet has 1,515 active patients on our books:

65 out of area patients were looked after by local partner practices and the treatment funded by StreetVet.

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.

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.

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StreetVet

Report of the trustees

For the year ended 31 March 2022

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.

In order to get the StreetVet Accredited Hostel Scheme off the ground we realised that we needed to have a focused resource whose role it would be to recruit, onboard and manage hostels joining the scheme.

We applied to the Battersea Foundation for funding to support the Hostel Coordinator headcount and were thrilled to learn in Summer 2021 that we had been successful in our application to support a Hostel Coordinator headcount for 1 year fixed term. Hostel Coordinator Laura Sayer was recruited to own and manage the StreetVet Accredited Hostel Scheme in September 2021. Laura has connected with housing providers and organisations supporting homelessness all over the UK. She reaccredited DENS, our pilot hostel, and accredited a further 3 hostels in London and Taunton, Somerset. StreetVet have cared for 8 pets within these hostels and several pets and their owners have since moved on to their own independent living accommodation.

We asked for feedback on the scheme from all the hostels that we have been in contact with. We were told that the scheme is excellent but they budget several years in advance and we are approaching them too late or in the second half of the financial year and it is expensive. We were surprised at the feedback from hostels on the cost of the scheme. We know it is a valuable service and we have done our due diligence on costs, so feel it is a fair price. After further investigation we started to understand that these organisations need to budget a year (and in some cases two years) in advance so coming to them this late in the financial year is a flat no, but a possibility for next year.

Based on all of this feedback and the new information, we reviewed our approach at the beginning of December 2021. We decided to offer an introductory complimentary year to all hostels that sign up to our scheme before 31 March 2022, with the view that once they are on the scheme they will, firstly, understand the value and, secondly, be able to budget for it in advance.

The Hostel Coordinator recontacted all 30+ hostels that she has been in touch with since joining in September and we now have 15 organisations interested in signing up before 31 March and those 15 organisations look after over 2,000 hostels nationwide.

This adaptation to our original plan does have a knock-on financial impact to StreetVet. We had expected the Hostel Coordinator role to become self-funding by year 4, but the offer of a complimentary year will set us back 1-2 years against our original goal.

At the end of this reporting period, we have 19 hostels going through the onboarding process, with an estimated 46 pets to support and we have a further 13 new housing providers interested in accrediting. We are also working with Homeless Link, a national membership charity for organisations working directly with people who become homeless in England, to publish blogs and data about the StreetVet Accredited Hostel Scheme to their members.

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StreetVet

Report of the trustees

For the year ended 31 March 2022

To realise our strategic ambitions, we must continue to support and develop our staff and volunteers to be the best they can be. At the start of the reporting period we planned a series of supportive CPD opportunities that our staff and volunteers could utilise. These included: monthly Reflective Webinars (CPD), a monthly Pay-it-Forward Thank You recognising volunteers, a StreetVet wellbeing app (in conjunction with Kite) and our annual StreetVet Conference in October 2021 which welcomed over 100 virtual and in-person StreetVet volunteers, partners and supporters to attend a day of interactive workshops, inspirational talks and clinical lectures. The conference ended with StreetVet Ambassador Clare Balding presenting a Volunteer of the Year Award to Rebecca Castle and Sarah Matthews.

Financial review

Income has remained at a consistent level of £698,130 in 2021/22 (2020/21: £627,221).

We are thankful to our loyal donors, who have continued to support the charity during and after the pandemic, giving a total of £586,980 in 2021/22 (2020/21: £528,887), despite the hardships felt by many.

It wouldn’t be possible to carry out the work we do without the generosity of our supporters – over 5,500 people donated to StreetVet in 2021/22 – and our amazing volunteers who help in the delivery of our work.

Expenditure has increased 20% overall, from £557,512 to £668,925 due to the cost of living crisis that the UK is experiencing.

Our veterinary care costs have increased to £298,338 in 2021/22 from 2020/21: £266,678.

The priority for this reporting period was to establish a set of tools and processes for staff and volunteers to work within and to secure much needed staff resources to ensure we could maintain the exceptional high service level we deliver.

The charity implemented the Salesforce NPSP CRM platform in March 2021 to grow the charity’s service delivery capacity and secure the future of charitable activities.

A HR portal was implemented in Summer 2021 to provide time-saving online HR software to help manage the small, yet fast-growing, organisation we are becoming.

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StreetVet

Report of the trustees

For the year ended 31 March 2022

The charity has submitted a number of successful grant applications including Battersea Foundation (£21,800, with a further £5,800 received in 22/23) to support a Hostel Coordinator to own and manage the StreetVet Accredited Hostel Scheme, Earth Animal (£22,000) to support veterinary costs incurred by pets supported by a StreetVet Accredited Hostel, Steel Charitable Trust (£15,000) to support veterinary costs, Richer Sounds (£5,000) to support veterinary costs and Michael & Shirley Hunt Charitable Trust (£2,000) to support veterinary costs. We also continued to develop our corporate relationships to support operational activities with Petplan Charitable Trust (£24,750) funding and BuySure rebates (£3,572).

Battersea Dogs and Cats Home continues to provide StreetVet with support. StreetVet has worked together with multiple instances of guidance/advice meetings with the Grants Team and Clinical Director. Battersea has also continued to support StreetVet with kennelling and veterinary services over the course of this reporting period.

StreetVet has benefited from significant gifts in kind and pro bono work during the reporting period 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 £240,000 during the financial year 2021/22.

Risk management

The Trustee Board is responsible for ensuring there are appropriate risk management and internal control systems in place to manage the major risks to which the charity is exposed. The risk register is in place to plan for resolutions, as opposed to the elimination, of risks.

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:

Investment policy

StreetVet do not have any investments.

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StreetVet

Report of the trustees

For the year ended 31 March 2022

Reserves policy

The aim of StreetVet’s reserves policy is to ensure that the charity’s ongoing activities are protected from unexpected fluctuations in its income and expenditure and ensure that the charity is not impacted by short-term financial shortfall. The charity is heavily reliant on voluntary donations to fund its charitable undertakings, which being uncertain sources of revenue may not always provide the necessary funds to cover essential costs.

The StreetVet board policy is to maintain a level of free reserves of between 4-6 months of 2023 budgeted expenditures which equates to £240,000 to £360,000. The reserves held will enable the charity to meet its working capital requirements, protect the charity against income fluctuations, fund its strategic initiatives over the next year and protect the StreetVet operations against unplanned adverse events. This would allow for our activities to continue as normal during temporary falls in income and this level is deemed appropriate when considered alongside the major strategic and operational risks faced by the charity. As at 31 March 2022, the reserves stood at £253,267 which is comprised of its unrestricted net current assets.

The trustees monitor the amount of cash and investments readily convertible to cash within 30 days to ensure that sufficient cash is available to cover StreetVet’s normal operational cash outflows over this period. The reserves policy is reviewed by the trustees annually or as a change in financial situation requires.

Fundraising

As a charity that receives no government funding (with the unusual exception of The National Lottery coronavirus emergency government grant in 2020), we are reliant on outstanding generosity of the general public, our supporters and our partners.

StreetVet subscribes to the policies of the Fundraising Regulator, which oversees fundraising activity. The Fundraising Regulator investigates and, where necessary, takes appropriate action in cases of public concern.

Their advice helps us ensure our activity meets the expectations of our supporters and the wider public. Full details of the Fundraising Regulator and the codes of our fundraising practice can be found at www.fundraisingregulator.org.uk.

StreetVet does not have a dedicated fundraising resource in place. We raise vital funds by sharing our story through our social media channels and raising funds via charitable trusts, foundations or companies.

We’re always looking for ways to improve our activities and will be employing a full time fundraiser in late 2022/23 to help grow StreetVet’s sustainable revenue stream.

Ways to support

It’s only through the generosity of our supporters that we are able to provide care to all the pets referred to us each year.

Donate You can make a one-off donation or set up a regular donation on our website at https://fundraising.streetvet.co.uk/donation/donate.

Fundraising From sporting events, sponsored dog walks, pet photo competitions to bingo evenings — we can support you in your fundraising journey. Get in touch at info@streetvet.org.uk.

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StreetVet

Report of the trustees

For the year ended 31 March 2022

Legacies & in memory If you’re considering leaving a donation in your will or would like to raise money in memory of a pet or loved one, we can help. https://www.streetvet.co.uk/leaving-a-legacy/.

Partnerships Our work through partnerships with like-minded organisations makes a huge difference to StreetVet. Get in touch at info@streetvet.org.uk.

Volunteering Our dedicated vet, vet nurse and support volunteers make up the backbone of StreetVet. To find out more about our volunteering opportunities please visit https://www.streetvet.co.uk/volunteer/.

Plans for the future

In order to provide more services nationwide and support more pets belonging to people experiencing homelessness, StreetVet plan to continue building a resilient and robust internal infrastructure to ensure the charity can sustain future growth in line with the board-led strategic plan, monitored and implemented by the Managing Director:

Key areas of development are to build infrastructure to be able to maintain current standards with improved employee wellbeing, have the capacity to grow and enhance the ability of the charity to achieve its objectives. StreetVet will be looking to hire the following roles in 2022/23:

Thank you

As a charity that receives no government funding we remain reliant on the outstanding generosity of the public, our partners and supporters to continue to fund our vital services. We value every single donation and are very grateful to all our donors, volunteers and corporate partners for their wonderful contributions throughout the year. You make everything possible, without you, we wouldn’t be here.

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StreetVet

Report of the trustees

For the year ended 31 March 2022

Specifically, we would like to thank Blue Cross, Earth Animal, PDSA, Provet Cloud, Hercule Von Wolfwinkle, Ali Nordon Graphic Designer & Illustrator, Ancol Pet Products Limited, Animalcare Limited, Animals at Home, Boehringer Ingelheim, Bought by Many, Cats Protection, CEVA Animal Health Ltd, Clare Balding, CVS Group plc, Davies Vet Specialists, Dechra, Ebony Escalona, Elanco, Focus on Media, Goddard Veterinary Group, Idexx Laboratories, IVC Evidensia, Kernow Message Handling Service, Kite, Law Works, Leucillin, Lil Wabbit, Macahl Animal Health, Mapac, Medivet, MSD Animal Health, PAAW HOUSE, PawSquad, Pet Remedy, Pets At Home, PetsApp, Protect My Pet, Protexin, Purina, Reward Gateway, Rory Cowlam, RSPCA, Salesforce, Shook PR, Tails, The Meraki Initiative, The Print Agency, The Veterinary Defence Society Limited, TVM, Veterinary Poisons Information Service, VetPlus, Vets Digital, Vets Now, Vets4Pets, Virtual Veterinary Specialists, Webbox and Woodley Equipment.

We would also like to recognise the generous support of charitable trusts and foundations who we have received support from over the last year: Battersea Dogs & Cats Home, Petplan Charitable Trust, The Michael & Shirley Hunt Charitable Trust, Souter Charitable Trust, Richer Sounds Foundation and The Steel Charitable Trust.

Special thanks also goes to the VIP Club members of Pets at Home and their Lifelines.

Thank you so much, from everyone at StreetVet. Your support is so appreciated.

Contacts

We run outreaches in 17 towns and cities across the UK: Aberdeen, Birmingham, Bournemouth, Brighton, Bristol, Cambridge, Cornwall (St Austell, Newquay, Redruth, Truro, Penzance), Glasgow, Gloucester, Hertfordshire, Lincoln, London, Norwich, Peterborough, Plymouth, Portsmouth, Reading and Swansea.

To find out more about them, please visit https://www.streetvet.co.uk/our-teams/.

Website: streetvet.org.uk Twitter: https://twitter.com/streetvetuk Email: info@streetvet.org.uk Facebook: facebook.com/streetvet Instagram: @streetvetuk_ YouTube: https://www.youtube.com/@streetvet8187

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StreetVet

Report of the trustees

For the year ended 31 March 2022

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 24 January 2023 and signed on their behalf by

nicki glen

Nicki Glen Chair of Trustees

16

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 2022, which are set out on pages 18 to 31.

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: 25 January 2023 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

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StreetVet

Statement of financial activities

For the year ended 31 March 2022

Note
Income from:
Donations and legacies
3
Charitable activities
4
Other trading activities
5
Total income
Expenditure on:
Raising funds
Charitable activities
Total expenditure
7
Net income / (expenditure)
Transfers between funds
Net movement in funds
8
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Restricted Unrestricted
£
£
-
586,980
88,550
4,500
-
18,100
88,550
609,580
-
60,685
55,325
552,915
55,325
613,600
33,225
(4,020)
5
(5)
33,230
(4,025)
47,193
264,783
80,423
260,758		 2022
2021
Total
Total
£
£
586,980
528,887
93,050
96,534
18,100
1,800
698,130
627,221
60,685
45,426
608,240
512,086
668,925
557,512
29,205
69,709
-
-
29,205
69,709
311,976
242,267
341,181
311,976

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 15 to the accounts.

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StreetVet

Balance sheet

As at 31 March 2022

Note
Fixed assets
Tangible assets
11
Current assets
Debtors
12
Cash at bank and in hand
Liabilities
Creditors: amounts falling due within 1 year
13
Net current assets
Net assets
14
Funds
15
Restricted funds
Unrestricted funds
General funds
Total charity funds		 £
1,919
343,811
345,730
(12,040)		 2022
£
7,491
333,690
341,181
80,423
260,758
341,181		 2021
£
3,132
52,094
268,753
320,847
(12,003)
308,844
311,976
47,193
264,783
311,976

Approved by the trustees on 24 January 2023 and signed on their behalf by

nicki glen

Nicki Glen Chair of Trustees

19

StreetVet

Notes to the financial statements

For the year ended 31 March 2022

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.

20

StreetVet

Notes to the financial statements

For the year ended 31 March 2022

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:

2022 2021
General fundraising 9.1% 8.1%
Charitable activities 90.9% 91.9%

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

3 - 5 year straight line

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.

21

StreetVet

Notes to the financial statements

For the year ended 31 March 2022

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).

22

StreetVet

Notes to the financial statements

For the year ended 31 March 2022

2. Prior period comparatives: statement of financial activities

Income from:
Donations and legacies
Charitable activities
Other trading activities
Total income
Expenditure on:
Raising funds
Charitable activities
Total expenditure
Net income and net movement in funds		 Restricted
£
£
-
528,887
96,534
-
-
1,800
96,534
530,687
-
45,426
68,158
443,928
68,158
489,354
28,376
41,333
Unrestricted		 Total
£
528,887
96,534
1,800
2021
627,221
45,426
512,086
557,512
69,709

23

StreetVet

Notes to the financial statements

For the year ended 31 March 2022

3. Income from donations and legacies

Donations
Vetsure rebates
Gift Aid
Gifts in kind
Total income from donations and legacies		 2022
£
319,296
3,572
17,146
246,966
586,980		 2021
£
238,667
5,858
32,522
251,840
528,887

Included within gifts in kind are goods and services which have been analysed to the following expenditure:

Animal care services
Vet equipment
Professional fees		 2022
£
155,002
12,627
79,337
246,966		 2021
£
164,098
2,167
85,575
251,840

All income from donations and legacies in the current and prior period was unrestricted.

4. Income from charitable activities

Pet Plan Charitable Trust
Earth Animal Ventures UK
Battersea Dogs and Cats Home
The Steel Charitable Trust
Richer Sounds
The Michael and Shirley Hunt Charitable Trust
Education and Skills Funding Agency
Hostel Scheme Accreditation fees
Total income from charitable activities		 Restricted
£
£
24,750
-
22,000
-
21,800
-
15,000
-
5,000
-
-
2,000
-
1,500
-
1,000
88,550
4,500
Unrestricted		 2022
Total
£
24,750
22,000
21,800
15,000
5,000
2,000
1,500
1,000
93,050

24

StreetVet

Notes to the financial statements

For the year ended 31 March 2022

4. Income from charitable activities (continued) Prior period comparative

Prior period comparative
Movement for Good
GC Gibson Charitable Trust
National Lottery
Pet Plan Charitable Trust
Purina Better With Pets
The Grocers Charity
Total income from charitable activities		 2021
Restricted
Total
£
£
£
1,000
-
1,000
4,010
-
4,010
10,000
-
10,000
35,500
-
35,500
41,024
-
41,024
5,000
-
5,000
96,534
-
96,534
Unrestricted

5. Income from other trading activities

Conference sponsorship 2022
£
18,100		 2021
£
1,800

6. Government grants

The charity did not receive any government grants during the year. In the prior year, the charity received a government grant from the National Lottery defined as a Coronavrius Community Support Fund. The total value of the grant was £10,000. There were no unfulfilled conditions or contingencies attached to this grant in 2020/21.

25

StreetVet

Notes to the financial statements

For the year ended 31 March 2022

7.
Total expenditure
Raising
funds
£
Staff costs (note 9)
49,674
Training
-
Travel, food and subsistence
-
Storage costs
-
Animal care services
-
Postage
-
Marketing
630
Telecoms
-
Vet equipment
-
Insurance
-
Accountancy
-
Donation platform fees
552
Event costs
-
Professional fees
157
Activity related fees
-
Depreciation
-
Other costs
-
Sub-total
51,013
Allocation of support and governance cost
9,672
Total expenditure
60,685		 Charitable
activities
£
84,482
-
2,953
9,602
298,338
-
-
-
18,014
-
-
-
9,825
88,036
48
-
-
511,298
96,942
608,240		 Support and
governance
costs
£
64,453
5,750
-
-
-
1,151
-
6,772
-
2,840
2,418
-
-
2,072
-
3,154
18,004
106,614
(106,614)
-		 2022 Total
£
198,609
5,750
2,953
9,602
298,338
1,151
630
6,772
18,014
2,840
2,418
552
9,825
90,265
48
3,154
18,004
668,925
-
668,925		 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

Total governance costs were £2,338 (2021: £2,130)

26

StreetVet

Notes to the financial statements

For the year ended 31 March 2022

8. Net movement in funds

This is stated after charging:

Net movement in funds
This is stated after charging:
2022 2021
£ £
Depreciation 3,154 1,050
Operating lease payments
Trustees' remuneration Nil Nil
Trustees' reimbursed expenses Nil Nil
Independent examiners fee
▪Year end (excluding VAT) 1,750 1,650
▪Other services 588 480

9. Staff costs and numbers

Staff costs were as follows:

Salaries and wages
Social security costs
Pension costs
Freelance staff		 2022
£
177,603
13,898
4,208
2,900
198,609		 2021
£
115,250
8,167
2,856
10,600
136,873

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

The key management personnel of the charity comprise the Trustees, Managing Director, and Clinical Director. The total employee benefits of the key management personnel were £108,330 (2021: £94,293).

Average head count 2022
No.
5		 2021
No.
3

10. Taxation

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

27

StreetVet

Notes to the financial statements

For the year ended 31 March 2022

11. Tangible fixed assets

Cost
At 1 April 2021
Additions in year
Disposals
At 31 March 2022
Depreciation
At 1 April 2021
Charge for the year
On disposals
At 31 March 2022
Net book value
At 31 March 2022
At 31 March 2021
12. Debtors
Prepayments
Accrued income
Other taxation and social security
13. Creditors : amounts due within 1 year
Trade creditors
Accruals
Pension
Other taxation and social security		 2022
£
1,919
-
-
1,919
2022
£
8,887
2,100
1,024
29
12,040		 Total
£
4,182
7,513
-
11,695
1,050
3,154
-
4,204
7,491
3,132
2021
£
1,185
47,713
3,196
52,094
2021
£
9,266
2,130
607
-
12,003

28

StreetVet

Notes to the financial statements

For the year ended 31 March 2022

14. Analysis of net assets between funds

Analysis of net assets between funds
Tangible fixed assets
Current assets
Current liabilities
Net assets at 31 March 2022
Prior year comparative
Tangible fixed assets
Current assets
Current liabilities
Net assets at 31 March 2021		 £
-
80,423
-
80,423
£
-
47,193
-
47,193
Restricted
funds
Restricted
funds		 £
7,491
265,307
(12,040)
260,758
£
3,132
273,654
(12,003)
264,783
Unrestricted
funds
Unrestricted
funds		 Total
funds
£
7,491
345,730
(12,040)
341,181
Total
funds
£
3,132
320,847
(12,003)
311,976

29

StreetVet

Notes to the financial statements

For the year ended 31 March 2022

15. Movements in funds

Restricted funds
Ivo Trust
Pet Plan Charitable Trust
Purina Better With Pets
The Grocers Charity
Richer Sounds
The Steel Charitable Trust
Battersea Dogs and Cats Home
Earth Animal
Total restricted funds
General funds
Total unrestricted funds
Total funds
Unrestricted funds		 At 1 April
2021
£
11,123
20,988
10,082
5,000
-
-
-
-
47,193
264,783
264,783
311,976		 Income
£
-
24,750
-
-
5,000
15,000
21,800
22,000
88,550
609,580
609,580
698,130		 £
(2,506)
(19,190)
(8,311)
(5,002)
(5,003)
-
(14,925)
(388)
(55,325)
(613,600)
(613,600)
(668,925)
Expenditure		 £
£
-
8,617
-
26,548
-
1,771
2
-
3
-
-
15,000
-
6,875
-
21,612
5
80,423
(5)
260,758
(5)
260,758
-
341,181
Transfers
between
funds
At 31
March 2022		 £
£
-
8,617
-
26,548
-
1,771
2
-
3
-
-
15,000
-
6,875
-
21,612
5
80,423
(5)
260,758
(5)
260,758
-
341,181
Transfers
between
funds
At 31
March 2022
80,423
260,758
260,758
341,181

Purposes of restricted funds Ivo Trust

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

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.

Richer Sounds

To fund veterinary costs.

The Steel Charitable Trust

To fund veterinary costs.

Battersea Dogs and Cats Home

Funding the Hostel Coordinator role for 1 year fixed-term.

Earth Animal

Funding veterinary treatment costs for animals covered by the StreetVet Accredited Hostel Scheme.

30

StreetVet

Notes to the financial statements

For the year ended 31 March 2022

15. Movements in funds (continued)

Prior year comparative
Restricted funds
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		 £
(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
530,687
627,221		 264,783
311,976

15 Related party transactions

There were no related party transactions in the year.

31