Charity Accounts Intelreading the accounts so you don’t have to

OLSEN ANIMAL TRUST

Registered charity 1169982 · accounts filings on the Charity Commission register · also known as OAT

Latest income
£1.0m
Latest spending
£1.4m
Registered
2016
Accounts read
FY2023

Financial health, per its FY2023 accounts

The accounts state that the charity reported a net deficit of £1,119,864 for the year ended 31 December 2023, resulting in total unrestricted reserves of £1,964,681. The trustees confirm that these reserves meet their stated objective of maintaining at least £1,500,000 to fund future commitments. The charity relies primarily on donations from the Olsen family and investment income to support its grant-making activities.

What the accounts disclose

Reserves policy: at least £1,500,000 (held: £2.0m)
“The Trustees seek to ensure that year end reserves are at least £1,500,000 which will be sufficient to fund the next financial year’s commitments.” — page 6
Per its FY2023 accounts as filed with the Charity Commission.
Payments to trustees: D Higgs received £49,315 in remuneration.
“During the year £49,315 (2022: £53,817) was paid in trustee remuneration to D Higgs.” — page 13
Per its FY2023 accounts as filed with the Charity Commission.
Related-party transaction: Donations from trustee
“During the year the charity received donations of £167,250 (2022: £236,453) from Mr J R L Olsen, a trustee of the charity.” — page 15
“During the year £49,315 (2022: £53,817) was paid in trustee remuneration to D Higgs.” — page 13
Per its FY2023 accounts as filed with the Charity Commission.
Related-party transaction: Remuneration to trustee
“During the year the charity received donations of £167,250 (2022: £236,453) from Mr J R L Olsen, a trustee of the charity.” — page 15
“During the year £49,315 (2022: £53,817) was paid in trustee remuneration to D Higgs.” — page 13
Per its FY2023 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit).

Funders the charity credits

Named as funders/supporters on the charity’s own website (the charity’s claim, distinct from accounts-verified grants).

Structured financials (annual return, FY ending 31/12/2024)

Total income
£1.0m
Total spending
£1.4m
Reserves (reported)
£1.6m
Employees
0

Reported reserves equal ~13.5 months of spending — in the top quarter for charities its size (median 4.8 months; benchmarks).

Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: China · Congo (Democratic Republic) · Guinea · Malawi · South Africa · Vietnam · Zambia · Zimbabwe

Income and spending

Financial year endIncomeSpending
31/12/2024£1.0m£1.4m
31/12/2023£254k£1.5m
31/12/2022£599k£1.2m
31/12/2021£156k£998k
31/12/2020£228k£738k

Common questions

Is OLSEN ANIMAL TRUST financially healthy?

The accounts state that the charity reported a net deficit of £1,119,864 for the year ended 31 December 2023, resulting in total unrestricted reserves of £1,964,681. The trustees confirm that these reserves meet their stated objective of maintaining at least £1,500,000 to fund future commitments. The charity relies primarily on donations from the Olsen family and investment income to support its grant-making activities. Its FY2023 accounts were independently examined.

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