Pig Recen Limited
(a company limited by guarantee)
Financial statements
for the year ended 31 March 2024
N1063168
Charity number XT10373

Pig ReGen Limited
Contents
Pages
Trustees, advisers & other information
Trustees, report
Independent Examiner's Report
Statement of Financial Activities
Balance sheet
Notes to the financial statements
10-15

Pig ReGen Limited
Trustees and advisers
Trustees
Gary A. Anderson (Chairman)
A. Nonnan Robson
Samuel J. Shields
Lyndon W. Milligan
James Wright
Cyril M. Millar
Andrew Mccrea
Malcolm F.C. Keys
Philip Walker
William Anderson
Derek Hall
William A.1. Ferguson
Samuel G. Cuddy (iesigns 30 May 2024)
Robert E. Ferguson
Andrew J. McGowan
James K. Millar
Company secretsry
Lyndon W. Milligan
Registered office
HMT Consultancy
65 8 Gransha Road
Bangor
BT19 7PX
Accountants
Neeson Chambers Ltd
123-125 Main Str¢¢t
Bangor
BT20 4AE
Bankers
Bank of Ireland
82A Main Street
Bangor
BT20 4AG
Solicitors
Quinn & Heron
15 Broad Street
Magherafelt
BT45 6EB

Pig ReGen Limited
Trustees, report
for the year ended 31 fYtar¢h 2024
The Trustees present their annual report and the unaudited financial statements for the year ended
31 March 2024.
The infonnation with respect to the Trustees and Advisers set out on page I fonn part of this report.
The financial statements comply with current statutory requiremenls, the Memorandum and Articles of
Association, and Accounting and Reporting by Charities: Statement of Recommended Practice
applicable to Charities preparing iheir accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2015).
Structure, Governance and Management
Pig ReGen Limited is a charitable company limited by guarantee with no share capital.
It is governed by its Memorandum and Articles of Association.
The Board of Trustees are also the directors of the charitable company.
The assets and undertakings of the Pig Production Development Fund and PIG Industry Genetics
Limited were transferred to Pig ReGen Limited on l April 2008 under the Pig Production Development
Committee (Winding up) Order (Northern Ireland) 2007.
Risk Management
A risk policy and a risk register have been agreed. Under the policy the board reviews annually the
major risks to which the charity is subject and how to manage them. A key element in the
management of the financial risk is the setting of a reserves policy and its regular review by
the trustees.
Objectives and Principal Activities
The principal activity of Pig ReGen Limited is to advance education for the public benefit, in particular,
by conducting and commissioning research and surveys into the improvement and development of pigs,
pork and pig farming in Northern Ireland and to disseminate and publish usefu5 results of such research
and surveys.
Review of Operations and Future Developments
The charity is dependant on the goodwill of its voluntary levy ￿nders, Northern Ireland pig producers.
Givep this, the trustees have put in place a range of systems to try to ensure appropriate research
projects are committed, that research findings are fully and innovatively disseminated and that feedback
and engagement IS sought.
All projects are approved by the trustees before moneys are allocated to any project and no grant is
approved until finances are fully in place to complete the contracted project.

Pig ReGen Limited
Trustees, report
for the year ended 31 March 2024- cont'd
Review of Operations and Future Development
The projects supported by Pig ReGen Ltd continue to fall into the following board categories:
l. Improving health and welfare of the NI pig herd.
2. Research into improving efficiency and competitiveness of Nl producers.
3. Education.
Health and Welfare
Access to slaughter plants was opened after COVID and three Herd Health Surveys were carried out during the
year. Individual and average health reports were assessed and circulated by email to producers involved.
The PRRS project referred to in previous reports has been completed and its importance recognised UK wide at
an awards ceremony in London organised by Pigworld Ltd.
PigRegen's PRRS Project was awarded first place in the section relating to Innovation and Co-operation
covering Health and Welfare in the pig industy.
The producers involved in this project were very impressed by the results achieved, as were the Board of
Directors of PigRegen Ltd who made an unanimous Board Decision that PigRegen would extend the project and
include all Nl Pig Producers.
A meeting open to all producers was organised to introduce the scheme, and all producers were emailed with the
details inviting their interest in the scheme with returns being very positive.
Organisational aspects of the scheme commenced in January with initial blood sampling and biosecurity checks
to commence in April 2024.
Research
The 3 year research project with AFBI into factors affecting quantity and quality of colostrum produced by sows
post farrowing colostrum is continuing although results are noi yet available.
Education
Educational information continues to be circulated among all producers by email on a regular basis.
The Directors are satisfied that the activities of Pig ReGen Limited accurately reflect the aims of the charity and
finance is in place to cover all agreed yrojects.

Pig ReGen Limited
Trustees, report
for the year ended 31 March 2024- cont'd
Key Performance Indicators
Given the straightforward nature of the business, the company's trustees are of the opinion that analysis
using KPI'S is not necessary for an understanding of the development, performance or position of the
company.
Reserves Policy
The trustees have established a policy whereby the company's free reserves, being funds not comitted to third
parties for research, should represent at least six months, annual income. At this level the trustees are of the
view that the company would be able to continue in the event of a significant drop in funding.
Organisation
The Board of Trustees tneets at least 4 times per year.
The Chaitinan, Vice-chaimian and Company secretary meet frequently to review the day to day operation and
govemance of the organisation.
Trustees
The trustees who served during the year are listed on page l.
The Articles of Association indicate that any reference to the trustees" means the Directors of the charity. The
trustees of the company during the year to 31 March 2024 all of whom have been Trustees for the whole year
ended on that date othenvise stated are listed on page l.
The trustees act in a voluntary capacity and do not receive any remuneration.

Pig ReGen Limited
Trustees, report
for the year ended 31 March 2024 - cont'd
Appointment of Trustees
The number of trustees shall not be less than 8 or exceed 24.
Subject to this the board shall include certain persons who fall into the following categories:_
Three fanners with more than 600 sows.
Three farmers with 250-600 sows"
Three farniers with less than 250 sows. and
One UFU Central Pork and Bacon Committee represenlative.
Trustees Induction and Training
New trustees have an induction briefing from the chaim]an and or company secretary which provides
information and guidelines on their tasks and responsibilities together with an outline of the objectives of
Pig ReGen Ltd. They also receive copies of past trustee minutes and approved research proposals.
Results
The net incoming resources for the financial year were £77,617 (2023. incoming resources of £17,848),
yielding total funds at the end of the year amounting to £1,524,286 (2023- £1,446,669).
Governanee and Internal Control
The trustees have an overall responsibility for ensuring that there is an appropriate system of internal
controls and that it complies with relevant laws and regulations. The system of internal controls is
designed to provide reasonable, but not absolute, assurance against material misstatement or loss.
Key features of the system are an annual budget approved by the trustees, regJi lar consideration by
the trustees of financial results, variance from budgets, other performance indicators and benchmarking
reviews, delegation of authority and segregation of duties and the identification, review and management
of strategic business and operational risks.

Pig ReGen Limited
Trustees, report
for the yeAr ended 31 March 2024- cont'd
Statement of trustees, responsibilities
The trustees are responsible for preparing the annual report and the financial statements In accordance
with applicable law and United Kingdom Accoiinling Standards (United Kingdon) Generally Accepted
Practice}.
Company law requires tlie trustee5 to prepdre financial statements for eaLI) financial period which
gyive a true and fair ￿leW of the state of affairs of the company for Ihal i)eriod. Iii preparinn Ih05e
financial statements, the tru5tee5 are required to"
select suiiable accoiintiiig pol icies and then apply them consistently:
mak-e Judsjmenls and estimates tlial are reasonable and prudent.
slate whether applicable aecounling standards have been folloived, subject to any maleriai
departure disclosed and explained in the financial slatenients, and
prepare the financial statements on the going concern basi5 unless it Is Inappropriate to
presume that Ihe company will continue in busiiiess.
The Truslees confinT) that they have coniplied wth the above requirenients In preparing the financial
statemenls.
'rhe truslees are respoThsible for keeping proper accounting records which disclose wryth reasonable
accuracy at any time the fiiiancial posilion of the company and to enable thein to ensure that the
financial statements comply with the Companies Act 2006. 'fhey are also responsible for
safegiiardina the assets of the company wid hence for taking reasonable steps for the prevention
and detection of fraud and other Irregularities.
Sninll Compq4 ny Exemption
This report has been prepared in accordance with the specia] provisions of part 15 of the Companies
Act 2006 relalinby to small companies.
Byor
i. ofthe boxi'd on.
Lyndo
Se¢relAIy
illigan

Pig ReGen Limited
Independent Examiner's Report
for the year ended 31 March 2024
We report on the accounts of the charity for the year ended 31 March 2024, which are set out on pages
8t0 15.
Respective responsibilities of directors and examiner
Having satisfied ourselves that the charity is not subject to audit under company law, and is eligible for
independent examination, it is our responsibility to:
examine the accounts under section 65 of the Charities Act (Northern Ireland) 2008.
follow the procedures laid down in the general directions given by the Charity Commission for Northern
Ireland under section 65(9)(b) of the Charities Act. and
state whether particular matters have come to our attention.
Basis of independent examiner's report
We have examined your charity accounts as required under section 65 of the Charities Act and
our examination was carried out in accordance with the general directions given by the Charity
Commission for Northern Ireland under section 65(9)(b) of the Charities Act. The examination
included a review of the accounting records kept by the charity and a comparision of the accounts
presented with those recoids. It also includes consideration of any unusual items or disclosures in
the accounts, and seeking explanations from you as charity trustees conceming any such matters.
Our role is to state whether any material matters have come to my attention giving us cause to believe:
l. That accounting records were not kept in accordance with section 386 of the Companies Act
2006
2. That the accounts do not accord with those accounting records.
3. That the accounts do not comply with the accounting requirements of section 396 of the
Companies Act 2006 and with the methods and principles of the Charities Ststement of
Recommended Practice applicable to charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland.
4. That there. is further information needed for a proper understanding nf the accounts to be reached.
Independent examiner's st=tement
We h_ave completed our examination and have no concerns in respect of matters I to 4 listed above
and, in connection with following the directions of the Lharity Commission for Northern Ireland,
we have found no matters that require draw.ng to youi attention. We have not carried out an audit.
Neeson Chambers Ltd
123-125 Main Street
Bangor
BT20 4AE
Date:

Pig ReGen Limited
Statement of Financi21 Activities
for the year ended 31 March 2024
Unrestricted Funds
2024
2023
Note
Incoming resources
Incoming resources from generated funds:
Levy income
Grant income
Investment income
Total incoming resources
64,906
77,777
41,696
184,379
78,982
9,276
33,880
122,138
Resources expended
Charitable expenditure
Direct programme expenditure
Governance costs
Managemcnt & administration
81,854
78,863
24,908
25,427
Total resources expended
106,762
104,290
Net incoming resources for the year
77,617
17,848
Fund balance brought forward at start of year
1,446,669
1,428,821
Fund balance carried forward at end of year
1,524,286
1,446,669
All amounts above relate to the continuing operatior_" of the company.
The company has no recognized gains and losses other than those included in the results
above and therefore no separate statement of total rec-gnizcd gains and losses has been
presented.

Pig ReGen LiniitLd
Balancc sheet
as 31 Marcli 2024
Note
2024
Filed asscts
Invesltjient propLrty
683,268
683,268
683.?611
683.268
Currcnt #sset5
Debiors & prepavjiienls
Casl) al bank
29.278
839,174
868,452
3?.6)3
7i2.3SI
78i,nJ4
10
Creditors: amou nl4 falling d ue
within one vear
(27,434)
(?1,63i}
Nct current liabilities
841,018
763.401
Total assets less eurrenl liabililie5
1.524,28C)
1.44().669
Funds
Unrestricted funds
13
1.524,286
1,446.669
Tot81 funds
1,524,286
1.446.669
ThL conipaiiv is eniitled lo Il)e exeinplion froiii Ilie avdii requirenieni contained iii seLiiOli 477 of the
Coiiipdnies ALI ?006, for Ilie }'ear elided i l fvlarcli ?0?4. No iiieiiiblr of tl)¢ coinpc1ny lias deposil¢d
a iioiice. pursuani to seciion 476. requiring an alidil uf iliese accounts.
'riie direciors, responsibililets for ei)surii)gi tlial Ilie cliarity kLeps aL¢ounting records wliiLh ¢ompl)I willi
s¢¢lion 386 of tlie Aci and for prepariiig> acLQUllts ivhi¢h SFive a irue aiid fair viei%' of ilie slate of llrrairs
of Ihe coinpaii} as al Ihe end of the fiiiancial year and of 115 i Iiconiiiig r¢soLirces and application
of resourcLS. iiicluding lis iliCOliiL iiILluding ils inconie and ¢ipcndilure. for ihe linaiicial year of its
iiicomingy rcsoiirces and appl ilatioii and iNpLiiditiiri%. for 11ie l inaiicic11 year in accordance witli ilie
reqiiii'¢meiit5 of .8eclii)n 394 i)iid .19) and i¥liicli oiherwise coiiiply iviili Ihe reqiiireiiieiils ofilie
Companies Acl ?006 relalinb) to accounls. so far a5 applicable lo ilie coinpany.
I'liese accounls1141V¢ bceii prepared in accordlf nce iviih tlie provisi0115 appl icable io coinpaiiies siibjecl
i() IhL sinall con)panies reginie.
I'hese lin1< ncial slalemenls ii'erc aLiihorised lor issue by IIiL 13oard ol-"I'ruslees on
nd si&vned 011 .15 bel)alf by
Gar), A. Anderson
Trustee

Pig ReGen Limited
10
Notes to the financial statements
for the year ended 31 March 2024
Principal accounting policies
Basis of preparation
The financial statements have been prepared in accordance with 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 l January 2015)- (Charities SORP (FRS 102)), the
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the
Companies Act 2006.
Reconciliation with previous Generally Accepted Accounting Practice
In preparing the accounts, the trustees have considered whether in applying the accounting
policies required by FRS 102 and the Charities SORP FRS 102 the restatement of
comparative items was required. No such adjustments were required.
Tangible Fixed Assets
Tangible fixed assets were transferred across from PPDC and PIG Limited on l April 2008 at cost less
accumulated deprecation.
As these assets are not presently held for operational use they have been revalued and included in the
balance sheet at open market value.
Incoming Resources
Income represents all rnonies, on an accruals basis, collected on behalf of the company by its agents.
The levy rate charged to producers is 15p per pig slaughtered in Northern Ireland, restricted to a
maximum for each producer of £1,200 per annum.
Resources Expended
All expenditure is accounted for on an accruals basis and has been Classified under the headings that
aggregate all costs related to the category.
Direci Programme Expenditure
Direct programme expenditure represents research and developtnent grants and costs approved for
payment which is chai'ged as expenditure in the year in which the expenditure is inc￿1 Ted or the
commitment is made and, as appropriate, is carried fonvard as a liability until paid.

Pig ReGen Limited
11
Notes to the financial ststements
for the year ended 31 March 2024 (continued)
Management and Administration Expenditure
These represent costs incurred in the management of the company's assets, organisational
administration and compliance with constitutional and statutory requirements and other
support functions.
Value Added Tax
The company registered for V AT on I September 2016. Income and expenditure are net of VAT
where applicable.
Unrestricted Funds
Unrestricted ￿ndS are amounts received or generated and which are expendable at the discretion of
the company in furtherance of its objectives.

Pig ReGen Limited
12
Notes to the financial statements
for the year ended 31 March 2024 (continued)
Investment Income
Investment income is recognised on a receivable basis and arises from investment property rental and
bank deposit interest.
Investment Property
The investment properties values are reveiwed annually and are included in the balance sheet at their open
market value. Any change to the value of the investment properties are disclosed as movement on an
investment revaluation reserve, unless a deficit is expected to be pennanent and is then charged in the
Statements of Financial Activities (including income and expenditure account)- On the sale of an
investment property, the surplus or deficit arising since the last balance sheet valuation and any
revaluation surpluses from prior years thus realised are transferred from investment revaluation reserve
to Statement of Financial Activates (including income and expenditure account)- No depreciation is
provided in respect of investment properties.
Capital Reserve
The capital reserve (note 13) arose on the transfer of assets at book value from the old Pig Production
Development Committee and PIG Limited.
Investment Income
2024
2023
Rental income from investment properties
Bank deposit interest
32,891
8,805
41.696
32,530
1,350
33,880
Direct Programme Expenditure
2024
2023
Mossvet
AFBI trial work
Parklands
CIEL
Creamill
Porcus Aps
Acare Lab
Violet Wylie
Agrihealth
Colin Henry
8,456
40,101
4,650
595
1,620
1,338
5,409
16,601
750
2,334
81.854
17,064
41,012
1,575
550
1,530
5,262
11,420
450
78,863

Pig ReGen Limited
13
Notes to the financial statements
for the year ended 31 March 2024 (continued)
4 Management & Administration
2024
Investment property expenses
Administration services
Accountancy seTvices
Bank charges
Travelling expenses
Sundry expenses
10,122
10,538
2,400
155
8,6)8
2,400
98
1,694
24,908
955
25,427
5 Employee Information
The company does not have any employees.
6 Trustees, Emoluments
Th¢ trustees received no emoluments during the year to J l March 2024 (202J £nil)
and no other pension costs were accruing to trustees in either year.
Details of reimbursed board travelling expenses are given in note 4.
7 Taxation
The company is a registered charity, and as such, is entitled to certain tsx exemptions
on income and Profits frorn investrnents surpluses on any tradiThg activities carried
on in furtherance of the charity's prirnary objective if these profits and surplLlSP.s are
applied solely for charitable purposes.

Pig ReGen Limited
14
Notes to the financial statements
for the year ended 31 March 2024 (eontinued)
Investment Property
Giecnmount Cottages Kirby's Lane, Antrim
No's 2,6,8,9 &12 - long leasehold
2024
2023
683,268
683,268
Greenmount Cottages were revalued in 2009 at open market value for existing use by
Tom Evans of Evans Little Estate Agents, Antrim. Thls valuation is still considered valid
by the trustees.
Details of rental income and related costs are given in notes 2 and 4.
Debtors
2024
2023
Levy debtors
Prepayments & accrued income
12,695
16,583
29,278
16,571
16,082
32,653
10
Cash at Bank
2024
2023
Committed funds (note 12)
Uncommitted funds
17,409
821,765
839,174
10,707
741,674
752,381
11
Creditors
2024
2023
Accruals & deferred income
Other creditors {not¢ l O)
VAT
5,052
17,409
4,973
27,434
4,4UI
10,707
6,525
21.633

Pig ReG¢n Limited
15
Notes to the financial statements
for the year ended 31 March 2024 (eontinued)
12
Cotnmitttd Research Expenditure
21124
2023
Committed expendilure at start of year
Research grant and cost commiirnents made
during thc ycar.
Paid during the ye2r
Committed expenditure at end of year
10,707
7,500
81,854
75.IS2
17.409
78,862
(75.655
10.707
13
move￿C￿t in Funds
Ineomc and
expenditure
account
Capit41
reservt
Revxluation
reservt
Total
reserves
Opening ba12nee
444.242
956,427
46,000
1.446.669
Incomings
184,379
184,379
Resources ¢xpended
106,762
106.762
Transfer lo profit & loss
Balanee at 31 March 2024
521,859
956.427
46,000
1,524,286
Revaluation r¢serve of tangible assets
Revaluation reserve of investment properties
46.000
46.000
14
Share Capit21- Limited by Guarantte
Pig ReGen Limited is a company limited by guarantee. Th¢ liability of th¢ members is limited to an xmounl not exeeding £1.

eeson Chambers
c112rtLred accountaiics
Neeson Chambers Limited N1046036
1231125 Main Street
Bangor B T20 4AE
Tel 028 9147 1923
Fax 028 9147 8127
Michael Chambers BA FCA
VAT Reg 701545174
Our ref: MWCIID
Your ref:
23 December 2024
Companies Registry
Second Floor
The Linenhall
32-38 Linenhall Street
Belfast
BT2 8BG
Dear Sirs,
Pig ReGen Limited, NK 063168
Please find enclosed financial statements for the above named company for the year ended 31
March 2024.
Yours faithfully,
Neeson Chambers Ltd.
Encs
Our privacy policy be viewed ai www.neesoncha[tLbe￿.£O.uk

eeson Chambers
cliartered accountaiits
Neeson Chambers Limited N1046036
1231125 Main Street
Bangor B T20 4AE
Tel 028 9147 1923
Fax 028 9147 8127
Michael Chambers BA FCA
VAT Reg 701545174
Our ref: MWCIID
Your ref:
23 December 2024
Companies Registry
Second Floor
The Linenhall
32-38 Linenhall Street
Belfast
BT2 8BG
Dear Sirs.
Pig ReGen Limited, Nl 063168
Please find enclosed financial statements for the above named company for the year ended 31
m￿ch 2024.
Yours faithfully,
Neeson Chambers Ltd.
Encs
Our privacy policy can be viewed at wi¥w.neeson¢hambers.co.uk