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REGISTERED COMPANY NUMBER: 09177333 (England and Wales)
REGISTERED CHARITY NUMBER: 1170222














REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

FOR

PIGS INN HEAVEN LTD

PIGS INN HEAVEN LTD






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024




Page

Reference and Administrative Details 1

Report of the Trustees 2 to 4

Statement of Financial Activities 5

Balance Sheet 6

Notes to the Financial Statements 7 to 10

PIGS INN HEAVEN LTD

REFERENCE AND ADMINISTRATIVE DETAILS
FOR THE YEAR ENDED 31 AUGUST 2024



TRUSTEES P R Davidson
Mrs J Devereux (resigned 31.8.24)


COMPANY SECRETARY Mrs J Devereux


REGISTERED OFFICE Swn Y Don
Llys Helyg
Llandudno
Conwy
LL30 2XB


REGISTERED COMPANY NUMBER 09177333 (England and Wales)


REGISTERED CHARITY NUMBER 1170222

PIGS INN HEAVEN LTD (REGISTERED NUMBER: 09177333)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2024


The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 August 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES
Objectives and aims
The objective of the organisation is to provide for the care and protection of animals of all kinds in need of care and attention by reason of sickness, mistreatment, poor circumstances, ill usage or other similar causes, and the prevention of cruelty to and suffering among animals.

Public benefit
There has been a decrease for the re-homing of pigs since the pandemic and the recent economic crisis. The public are reducing their overheads due to the economic crisis and not taking in pet pigs due to the financial cost.

The pigs that are taken in to care are not part of the normal farming industry and food chain/supply. The animals are bred purely as pets, pigs are farmyard animals and require open space to roam freely.

Terrapins often also grow too large for their owners who can no longer facilitate their needs.

The charity ensures that the welfare and wellbeing of the animals is put foremost and if they cannot be re-homed, live their remaining life at the sanctuary.

The charity did receive a high number of animals referred from existing animal rescue charities, namely the RSPCA and the demand for the service has decreased since 2021.

Having the means to provide shelter and re-homing in some cases eases the pressure on owners who are unable to cope with the requirements that the animals need.


PIGS INN HEAVEN LTD (REGISTERED NUMBER: 09177333)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2024

ACHIEVEMENT AND PERFORMANCE
Charitable activities
During the last financial year, the charity has rescued and re-homed the following animals:
Pigs rescued - 0
Pigs re-homed - 0
Terrapin rescued - 0

The charity carries out home visits to the animals in need of care and re-homing. The charity recommends that the animals have at least 1-2 acres of land to roam comfortably and are kept in a safe, fit for purpose environment. We now only offer advice and guidance to people who have pet pigs or want to rehome

Terrapins require suitably sized tanks to enable them to grow and the duration of their long life's expectancy.

Following a review, the charity made the decision that they will not be rescuing or re-homing any more animals. The animals currently in their care will live their lives out at the sanctuary, providing them with care of all their welfare needs, medical, food, housing, bedding and landscaping. Since the move to the new site in Wales the local council have put measures in place so that the sanctuary can only have 15 pigs in total on the site. The sanctuary currently has 9 Terrapins in their care and 13 pigs.

The land at Tyn Terfyn, Llanrwst Road, Tal Y Bont, Conwy, where the sanctuary is housed, no rent has been charged at the new site as the land needed to be cleared and fenced at the charity's expense to make it suitable for housing the animals.

The charity has also carried out ongoing developments on the site with a new outside pond and groundworks have been constructed to house the terrapins in the Spring and Summer months. Works to the site are ongoing, and fruit trees have been planted around the sanctuary to give the animals fresh grown produce, and to reduce the cost of buying fruit from the supermarket.

The charity will continue to offer an advice service for the public who already own a pet pig or terrapin giving them useful advice on how to continually care for their animals.

The charity also offers advice to the public who are looking to adopt a pig and we ask them to come along to Pigs Inn Heaven Limited as part of their research.

The charity has a donation scheme where the public can donate either through our website, social media or set up a standing order for a monthly contribution.

Achievements during 2023-2024 financial year have been severely restricted due to no longer being able to have the public visiting the animals due to council restrictions.

Fundraising activities
Paypal donations and bank transfers for 2023-2024 have been reduced. Public needing funds for their own day to day living.

The charity has received donations from the public for the general welfare of all our animals which includes veterinary costs, food, bedding and equipment. Payments have been received through Paypal or bank transfers but considerably reduced due to the economy.

FINANCIAL REVIEW
Financial position
The detailed results for the charity are set out in the following pages of the accounts.

Due to the economic crisis as mentioned previously in this report, the charity has suffered a financial loss.

Investment policy and objectives
The charity's powers of investment are governed by its memorandum and articles of association. The trustees have considered the most appropriate policy for investing funds. In addition to the investment property, the trustees have found that a building society or bank deposit account is sufficient to meet its requirements.

Reserves policy
The Trustees have examined the charity's requirements for reserves in light of the main risks to the organisation. It has established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets held by the charity should be between 3 and 6 months of the expenditure. The reserves are needed to meet the working capital requirements of the charity, and the Trustees are confident that they are at this level.

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, the memorandum and articles of association.


PIGS INN HEAVEN LTD (REGISTERED NUMBER: 09177333)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2024


STRUCTURE, GOVERNANCE AND MANAGEMENT
Charity constitution
The charity is a private company limited by guarantee.

Approved by order of the board of trustees on 27 May 2025 and signed on its behalf by:





P R Davidson - Trustee

PIGS INN HEAVEN LTD

STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 AUGUST 2024

2024 2023
Unrestricted Total
fund funds
as restated
Notes £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 3,172 3,177

Other trading activities 2 650 -
Investment income 3 6 15
Total 3,828 3,192

EXPENDITURE ON
Raising funds 4,445 5,067

Charitable activities
Charitable activities
19,341 43,827
Total 23,786 48,894

NET INCOME/(EXPENDITURE) (19,958 ) (45,702 )


RECONCILIATION OF FUNDS
Total funds brought forward 89,691 135,393

TOTAL FUNDS CARRIED FORWARD 69,733 89,691

PIGS INN HEAVEN LTD (REGISTERED NUMBER: 09177333)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Unrestricted Total
fund funds
as restated
Notes £    £   
FIXED ASSETS
Tangible assets 9 57,044 60,348

CURRENT ASSETS
Debtors 10 10,000 -
Cash at bank and in hand 4,990 61,522
14,990 61,522

CREDITORS
Amounts falling due within one year 11 (1,296 ) (31,174 )

NET CURRENT ASSETS 13,694 30,348

TOTAL ASSETS LESS CURRENT LIABILITIES 70,738 90,696

CREDITORS
Amounts falling due after more than one year 12 (1,005 ) (1,005 )

NET ASSETS 69,733 89,691
FUNDS 13
Unrestricted funds 69,733 89,691
TOTAL FUNDS 69,733 89,691

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.


The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.


The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.


The financial statements were approved by the Board of Trustees and authorised for issue on 27 May 2025 and were signed on its behalf by:





P R Davidson - Trustee

PIGS INN HEAVEN LTD

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.


Improvements to property - 4% on cost
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Taxation
The charity is exempt from corporation tax on its charitable activities.

Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2. OTHER TRADING ACTIVITIES
2024 2023
as restated
£    £   
Insurance refund 650 -

3. INVESTMENT INCOME
2024 2023
as restated
£    £   
Bank interest received 6 15


PIGS INN HEAVEN LTD

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

4. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2024 2023
as restated
£    £   
Depreciation - owned assets 3,304 3,443

5. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 August 2024 nor for the year ended 31 August 2023.


Trustees' expenses

There were no trustees' expenses paid for the year ended 31 August 2024 nor for the year ended 31 August 2023.


6. STAFF COSTS

The average monthly number of employees during the year was as follows:

2024 2023
as restated
Charitable activities 2 2

No employees received emoluments in excess of £60,000.

7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
as restated
£   
INCOME AND ENDOWMENTS FROM
Donations and legacies 3,177

Investment income 15
Total 3,192

EXPENDITURE ON
Raising funds 5,067

Charitable activities
Charitable activities
43,827
Total 48,894

NET INCOME/(EXPENDITURE) (45,702 )


RECONCILIATION OF FUNDS
Total funds brought forward 135,393

TOTAL FUNDS CARRIED FORWARD 89,691

PIGS INN HEAVEN LTD

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

8. PRIOR YEAR ADJUSTMENT

The charity had never been charged for running costs incurred by 3D Investment property Limited in respect of wages and caring for the animals from 2019. 3D investment Property recharged those costs in 2024.
The comparatives have therefore been amended to reflect the correct position. Wages costs in the profit and loss account have increased by £30,000 with a corresponding accrual on the balance sheet for the same value.

9. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 September 2023 and
31 August 2024

62,600

4,579

4,080

964

72,223

DEPRECIATION
At 1 September 2023 4,724 3,397 3,112 642 11,875
Charge for year 2,504 236 242 322 3,304
At 31 August 2024 7,228 3,633 3,354 964 15,179
NET BOOK VALUE
At 31 August 2024 55,372 946 726 - 57,044
At 31 August 2023 57,876 1,182 968 322 60,348

10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Prepayments 10,000 -

11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Accrued expenses 1,296 31,174

12. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
as restated
£    £   
Other creditors 1,005 1,005

13. MOVEMENT IN FUNDS
Net
movement At
At 1.9.23 in funds 31.8.24
£    £    £   
Unrestricted funds
General fund 89,691 (19,958 ) 69,733

TOTAL FUNDS 89,691 (19,958 ) 69,733

PIGS INN HEAVEN LTD

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

13. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 3,828 (23,786 ) (19,958 )

TOTAL FUNDS 3,828 (23,786 ) (19,958 )


Comparatives for movement in funds

Net
movement At
At 1.9.22 in funds 31.8.23
£    £    £   
Unrestricted funds
General fund 135,393 (45,702 ) 89,691

TOTAL FUNDS 135,393 (45,702 ) 89,691

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 3,192 (48,894 ) (45,702 )

TOTAL FUNDS 3,192 (48,894 ) (45,702 )

14. RELATED PARTY DISCLOSURES

The charity paid £10,000 (2023 - £72,108) to 3D Investment Property Limited during the year in respect of site works to the land and buildings and wages costs in respect of caring for the animals. Mr. P. Davidson is a trustee of the charity and also a director and shareholder of 3D Investment Property Limited.