Vetlife

Charity number: 224776
Charity reporting is up to date (on time)

Charity overview

Activities - how the charity spends its money

Provides financial assistance to deserving veterinary surgeons, RVNs and their dependants; provides a helpline and website for veterinary surgeons, students and nurses; provides for the relief of mental and physical illness, associated with compulsive behaviour or stress or depression, which may or may not result from alcohol or drug addiction or other forms of dependence.

Income and expenditure

Data for financial year ending 31 December 2023

Total income:
£1,168,665

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Donations and legacies £887.97k
Charitable activities £0
Other trading activities £0
Investments £253.08k
Other £27.61k

Total expenditure:
£977,053

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Raising funds £184.68k
Charitable activities £792.38k
Other £0

£409,299 investments gains (losses)

Charitable expenditure

Charitable expenditure

Some charities generate all, or a substantial part, of their income from investments which may have been donated to the charity as endowment or set aside by the charity from its own resources in the past. Such investments usually take the form of stocks and shares but may include other assets, such as property, that are capable of generating income and/or capital growth.

In managing their spending and investments charities need to strike a balance between the needs of future and current beneficiaries. They also need to take account of spending commitments that may stretch over a number of future years. To do this, charities will normally adopt an investment strategy designed to generate both income and capital growth. To maximise returns trustees may commit to investment strategies for several years.

Investments can experience large swings in value so trustees may, in a particular year, decide to realise and spend part of their charity’s capital or to invest part of its income.

By clicking the investment gains checkbox the charitable spending bar is adjusted to take account of capital growth as well as income. This shows the balance the charity is striking, between spending on current beneficiaries and retaining resources for future beneficiaries.

Text alternative for this canvas graphic is in the data table below.
Raising funds and other expenditure £184.68k
Charitable expenditure £792.38k
Retained for future use £191.61k

People

6 Employee(s)

11 Trustee(s)

130 Volunteer(s)

Employees with total benefits over £60,000

Number of employees
£60k to £70k 1

Fundraising

No information available

Trading

This charity does not have any trading subsidiaries.

Trustee payments

No trustees receive any remuneration, payments or benefits from the charity.

What, who, how, where

What the charity does:
  • The Advancement Of Health Or Saving Of Lives
  • The Prevention Or Relief Of Poverty
  • Accommodation/housing
Who the charity helps:
  • Other Defined Groups
How the charity helps:
  • Makes Grants To Individuals
  • Provides Services
  • Provides Advocacy/advice/information
Where the charity operates:
  • Throughout England And Wales
  • Northern Ireland
  • Scotland

Governance

Registration history:
  • 20 October 1963: Standard registration
Organisation type:
Charitable company
Other names:
  • VETLIFE (Working name)
  • VETERINARY BENEVOLENT FUND (Previous name)
  • VICTORIA VETERINARY BENEVOLENT FUND (Previous name)
Company number:
00153010 Open in new window
Gift aid:
Recognised by HMRC for gift aid
Other regulators:
No information available
Policies:
  • Bullying and harassment policy and procedures
  • Complaints handling
  • Complaints policy and procedures
  • Conflicting interests
  • Financial reserves policy and procedures
  • Internal charity financial controls policy and procedures
  • Internal risk management policy and procedures
  • Investing charity funds policy and procedures
  • Investment
  • Paying staff
  • Risk management
  • Safeguarding policy and procedures
  • Safeguarding vulnerable beneficiaries
  • Serious incident reporting policy and procedures
  • Social media policy and procedures
  • Trustee conflicts of interest policy and procedures
  • Trustee expenses policy and procedures
  • Volunteer management
Land and property:
This charity owns and/or leases land or property

Trustees

Trustees are the people responsible for controlling the work, management and administration of the charity on behalf of its beneficiaries. Generally trustees are treasurer, chair, board member etc. The trustees are responsible for keeping this list up to date and can do this by updating their details as they happen through the online service

11 Trustee(s)

Name Role Date of appointment Other trusteeships Reporting status of other trusteeships
Dr Lynne Gaskarth Trustee 12 September 2024
None on record
Dr Kelly Blacklock Trustee 07 September 2023
None on record
Dr ELIZABETH BARTON Trustee 07 September 2023
None on record
Josephine Ann Oakden Trustee 13 October 2022
None on record
Robyn Jane Lowe Trustee 07 September 2022
None on record
Dr Nichola Mandy Saunders Harris Trustee 11 November 2020
None on record
Dr Kirstie Jane Pickles Trustee 11 November 2020
None on record
Dr Christopher Paul Freeman Trustee 11 November 2020
DR THOMLINSON'S SCHOOL
Received: On time
Dr John Rogers Chitty Trustee 11 November 2020
None on record
James Simon Russell Trustee 11 February 2020
None on record
Paul Horwood Trustee 19 July 2018
None on record

Financial history

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Financial period end date

Income / Expenditure 31/12/2019 31/12/2020 31/12/2021 31/12/2022 31/12/2023
Total gross income £810.84k £531.15k £776.94k £914.53k £1.17m
Total expenditure £668.36k £690.53k £724.99k £927.04k £977.05k
Income from government contracts N/A N/A N/A N/A N/A
Income from government grants N/A N/A N/A N/A N/A
Income - Donations and legacies £473.52k £336.80k £541.03k £670.99k £887.97k
Income - Other trading activities £0 £0 £0 £0 £0
Income - Charitable activities £25.21k £0 £26.54k £20.15k £0
Income - Endowments £0 £0 £0 £0 £0
Income - Investment £312.11k £167.56k £209.38k £223.40k £253.08k
Income - Other £0 £26.79k £0 £0 £27.61k
Income - Legacies £100.30k £10.00k £28.53k £10.72k £41.77k
Expenditure - Charitable activities £586.43k £601.53k £594.22k £766.39k £792.38k
Expenditure - Raising funds £81.93k £89.00k £130.77k £160.65k £184.68k
Expenditure - Governance £29.49k £34.52k £34.52k £0 £38.04k
Expenditure - Grants institution £0 £0 £0 £0 £0
Expenditure - Investment management £9.80k £36.12k £45.41k £45.72k £45.39k
Expenditure - Other £0 £0 £0 £0 £0

Assets and liabilities

Definitions for assets and liabilities
Own use assets

These are assets, other than investments, which are held for more than 12 months and used to run and administer the charity such as buildings, offices, exhibits and fixtures and fittings.

Long term Investments

Investments are assets held by the charity with the sole aim of generating income which will be used for their charitable purposes such as deposit accounts, shares, rental property and unit trusts.
Investment assets are re-valued every year and included in the balance sheet at their current market value.
Long term investments are held for more than 12 months.

Other assets

These are assets held generally for less than 12 months such as cash and bank balances, debtors, investments to be sold within the coming year and trading stock.

Defined benefit pension scheme asset or liability

This is a surplus or deficit in any defined benefit pension scheme operated and represents a potential long-term asset or liability.

Total liabilities

These are all the amounts owed by the charity at the balance sheet date to third parties such as bills due but not yet paid, bank overdrafts and loans and mortgages.

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Asset / Liability 31/12/2019 31/12/2020 31/12/2021 31/12/2022 31/12/2023
Own use assets £694.04k £694.04k £694.04k £854.50k £854.50k
Long-term investments £7.07m £6.97m £8.12m £7.39m £7.80m
Other assets £743.78k £511.03k £392.40k £435.74k £616.74k
Defined benefit pension scheme asset or liability £0 £0 £0 £0 £0
Total liabilities £81.76k £99.40k £118.08k £170.79k £159.39k

Accounts and annual returns

This table shows the charity's record of submitting annual returns, accounts and trustees' annual report (TAR) for the last five financial periods.
Title Reporting year Date received Received Download
Annual return 31 December 2023 18 October 2024 On Time
Accounts and TAR 31 December 2023 18 October 2024 On Time Download Open in new window
Annual return 31 December 2022 27 October 2023 On Time
Accounts and TAR 31 December 2022 27 October 2023 On Time Download Open in new window
Annual return 31 December 2021 12 October 2022 On Time
Accounts and TAR 31 December 2021 12 October 2022 On Time Download Open in new window
Annual return 31 December 2020 20 October 2021 On Time
Accounts and TAR 31 December 2020 20 October 2021 On Time Download Open in new window
Annual return 31 December 2019 14 October 2020 On Time
Accounts and TAR 31 December 2019 14 October 2020 On Time Download Open in new window
Submit annual return Open in new window

Governing document

Details of the type of governing document the charity has and when it was established.
It is not the full text of the charity's governing document.

MEMORANDUM AND ARTICLES OF ASSOCIATION INCORPORATED 6 FEBRUARY 1919 AS AMENDED BY SPECIAL RESOLUTIONS OF 10 APRIL 1919, 1 JUNE 1949, 11 JUNE 1958, 26 JULY 1978, 31 JULY 1985, 24 NOVEMBER 1999, 14 JULY 2005 AND 17 JULY 2008. as amended on 18 Jul 2022 as amended on 13 Jul 2022 as amended on 18 Jul 2022

Charitable objects

4. The object for which the Fund is established is the relief of the charitable needs of veterinary surgeons and veterinary nurses and their relatives or dependants in particular by: (a) providing financial and other assistance to deserving veterinary surgeons and veterinary nurses resident in the UK, Channel Islands or Isle of Man who are in need and are or have been included on the Register of Veterinary Surgeons, or the Register of Veterinary Nurses held by the Royal College of Veterinary Surgeons; (b) providing financial and other assistance to the deserving relatives and dependants of deceased and retired veterinary surgeons and veterinary nurses. In this sub-clause “relatives or dependants” will include such persons as the Directors shall from time to time determine; (c) providing a helpline for veterinary surgeons and veterinary nurses and their relatives or dependants, and for undergraduate veterinary surgeons and student veterinary nurses enrolled on a UK veterinary degree programme, who seek help on health or other social problems; (d) providing for the relief of mental and physical illness, associated with compulsive behaviour or stress or depression, which may or may not result from alcohol or drug addiction or other forms of dependence, in order to allow veterinary surgeons and veterinary nurses to continue with their professional duties and safeguard the public interest; (e) raising awareness of the problems in the veterinary professions associated with mental and depressive disease, drug and alcohol abuse and other forms of compulsive behaviour; and (f) carrying out or funding research in furtherance of the Fund’s charitable objects.

Area of benefit

The area the charity can operate in, as set out in its governing document.

NOT DEFINED

Linked charities

Linked charities
Linked charity 224776-1 CLEMENT STEPHENSON FUND
Governing document
WILL DATED 29 FEBRUARY 1912
Charitable objects
FOR THE RELIEF OF NECESSITOUS WIDOWS AND FAMILIES OF VETERINARY SURGEONS IN THE UNITED KINGDOM.
Area of benefit
UNITED KINGDOM
Registration history
  • 20 October 1963 : Standard registration

Contact information

Address:
Vetlife
7 Mansfield Street
London
W1G9NQ
Phone:
02079086385
Email:
info@vetlife.org.uk
Website:

www.vetlife.org.uk Open in new window