FINANCIAL SUMMARY

n the face of an unfolding economic downturn, in 2022 Mayhew donors continued to generously fund our work. As a charity which is dependent almost entirely on voluntary income, with no government funding, such generosity makes it possible for us to continue to deliver our preventative veterinary and animal welfare services. Despite the challenges for fundraising across the charity sector in 2022, we maintained and even slightly increased donation levels by 6% on 2021, but this was in part attributable to a significant increase in investment in fundraising by 7% on the prior year. This investment builds on the Board’s decision to commit to invest further in raising funds and awareness in 2021.

Our direct and indirect expenditure on animal welfare in the UK increased by 9% in 2022. Our community and clinicbased staff continued to carry out their important work despite fluctuations in staffing levels and at times, a high number of vacancies during the year.

In 2022, non-legacy donations made up 37% of our overall income (32% in 2021). This includes grants from trusts and foundations supporting our specific projects at home and abroad, which meant we were able to continue and expand those programmes during the year.

Income from legacies decreased by 7% from 2021 to £1.86m (£1.99m in 2021); we are truly grateful to all those who celebrate their love of animals by remembering Mayhew in their wills or by donating in memory of those they loved. At the end of the year, our total income did not cover our total expenditure by £0.32m (in 2021 we showed a surplus of £0.43m).

This deficit in 2022 impacted upon our level of reserves, meaning we entered 2023 with a 16% lower level of free reserves in our General Fund than the prior year. Free

TOTAL INCOME: £3,256,007

2021: £3,406,113