PIG SHED TRUST
Registered charity 1146739 · accounts filings on the Charity Commission register
We will be working with selected third parties around issues of wildlife conservation and ethical food production
Causes: General Charitable Purposes · Education/training · Animals · Environment/conservation/heritage · Grant history (this charity is a funder) · website · Get email alerts
Financial health, per its FY2024 accounts
The accounts state that the group held unrestricted reserves of £10,583,575 at the year end, with total net assets of £20,195,938. The trustees report that the charity has adequate resources to continue in operational existence for the foreseeable future, and the auditors confirmed there are no material uncertainties regarding going concern. However, the auditors issued a qualified opinion due to insufficient evidence for certain creditor balances and a directors' loan in a subsidiary.
Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.
What the accounts disclose
Reserves policy: unclear (held: £10.6m)
“Pig Shed Trust does not have any pension or employment liabilities and therefore reserves are required to meet any of the following eventualities: - The risk of an unforeseen emergency - Long term commitments to grants beyond 1 year - To meet the Trust's objectives of future years - Professional services, such as legal or accounting associated with any problems the Trust may encounter” — page 6
Per its FY2024 accounts as filed with the Charity Commission.
Audit opinion: qualified
“Qualified Opinion Basis for qualified opinion The financial statements do not include creditors of £83,434 which were present in one of the groups subsidiaries. The creditor was written off through income and expenditure in the previous year, as management understood these to have been waivered on acquisition. The corresponding effect on corporation tax has also not been recognised on the basis that the company has suffered sufficient tax losses to cover the charge. The total potential charge would have been up £15,872. We were unable to obtain sufficient appropriate audit evidence to support either of these. A creditor of £368,261 has also been included in relation to an historic directors current account within the same subsidiary for which no audit evidence is available to confirm the balance or whether it remains repayable.”
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Donations received from Trustee Harvey Jones
“During the year, total donations of £400,000 (2023 - £400,000) were received from Harvey Jones.” — page 33
“Within other creditors in both the group and the charity is a loan of £9,350,000 (2023 £10,000,000) due to a Trustee, Harvey Jones. No interest is payable on this loan and the loan is secured by a way of a fixed charge over the freehold property, South Holt Farm.” — page 30
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Loan from Trustee Harvey Jones
“During the year, total donations of £400,000 (2023 - £400,000) were received from Harvey Jones.” — page 33
“Within other creditors in both the group and the charity is a loan of £9,350,000 (2023 £10,000,000) due to a Trustee, Harvey Jones. No interest is payable on this loan and the loan is secured by a way of a fixed charge over the freehold property, South Holt Farm.” — page 30
Per its FY2024 accounts as filed with the Charity Commission.
Governance: Qualified opinion issued due to inability to obtain sufficient appropriate audit evidence regarding creditors and a historic directors' current account in a subsidiary.
“We were unable to obtain sufficient appropriate audit evidence to support either of these. A creditor of £368,261 has also been included in relation to an historic directors current account within the same subsidiary for which no audit evidence is available to confirm the balance or whether it remains repayable.” — page 10
Per its FY2024 accounts as filed with the Charity Commission.
Accounts audited by Sumer Audit. Discloses 5 of 6 completeness components.
Structured financials (annual return, FY ending 30/06/2024)
Cost of raising funds
£344k
Reserves (reported)
£10.6m
Reported reserves equal ~129.0 months of spending — in the top quarter for charities its size (median 5.2 months; benchmarks).
Per its annual return, largest income source: Donations and legacies (54% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.
Per its annual return, cost of raising funds: 37.1% of total income — above the 90th percentile for charities its size (median 4.9%) (benchmarks).
- HARVEY JONESchair
- DAVID JAMES COX
Trustee list from the Charity Commission register (current, not historical).
Operates in: Austria · Belgium · Bulgaria · Canada · Cyprus · Czech Republic · Denmark · Estonia · Faroe Islands · Finland · France · Germany
Income and spending
Common questions
Is PIG SHED TRUST financially healthy?
Per its FY2024 accounts: The accounts state that the group held unrestricted reserves of £10,583,575 at the year end, with total net assets of £20,195,938. The trustees report that the charity has adequate resources to continue in operational existence for the foreseeable future, and the auditors confirmed there are no material uncertainties regarding going concern. However, the auditors issued a qualified opinion due to insufficient evidence for certain creditor balances and a directors' loan in a subsidiary. Its FY2024 accounts were audited by Sumer Audit.
Government & lottery funding
Grants to this charity published as open data by government and lottery funders (360Giving).
Funders of similar charities
Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.
Charities like this
Semantically similar by activities and financial character, from our analysed corpus. Compare with WILDWOOD TRUST.
Side by side with its peers
Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.