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2024-03-31-accounts

Trustees’ Annual Report for the period

From 01 April 2023 Period start date To 31st March 2024 Period end date

Charity name: Sustainable Nitrogen Foundation

Charity registration number: 1180511

Objectives and Activities

SORP reference
Summary of the purposes
of the charity as set out in
its governing document		 Para 1.17 To advance environmental protection or
improvement for the benefit of the public
by carrying out scientific research into
biological nitrogen fixation and
publishing the useful results, with a few
to securing outcomes in the mitigation of
greenhouse gas emissions and water
pollution derived from nitrogen fertilisers
in agriculture.
Summary of the main
activities in relation to
those purposes for the
public benefit, in particular,
the activities, projects or
services identified in the
accounts.		 Para 1.17 and
1.19		 For the period the Trustees have sought
grant funding and donations for research
projects to expand the development,
formulation, production and use of
biological nitrogen fixation in small
holder agricultural production. Of
particular note is a project secured for a
project in Rwanda.
Statement confirming
whether the trustees have
had regard to the
guidance issued by the
Charity Commission on
public benefit		 Para 1.18 The Trustees have at all times had full
regard to the Charity Commission
guidance on public benefit and have
made decisions consistent with the
objects and purposes of the Foundation.

Additional information (optional)

You may choose to include further statements where relevant about:

SORP reference Para 1.38 Policy on grant making Para 1.38 Policy on social investment including program related investment

Para 1.38 Contribution made by volunteers Other

Achievements and Performance

SORP reference
Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.		 Para 1.20 The Foundation prepared proposals and
applied for grant funding for research
projects in the following countries:
Mauritius, Senegal, and Rwanda. All the
proposals involved collaboration with local
partners. Funding for the project in
Rwanda was secured with funding
provided through the One Acre Fund. The
initial studies undertaken by the
Foundation have demonstrated that it is
possible to isolate nitrogen fixing bacteria
from sugarcane in Rwanda.
The Chair of Trustees attended a Bill and
Melinda Gates Foundation workshop in
May 2023 in Seattle to discuss endophytic
nitrogen-fixation, the outcomes of which
are published in: “Endophytic microbes for
crop nutrition: reality or myth? Highlights
from an Expert Convening. SEATTLE,
MAY 16-17, 2023 .
Contributions to research on NanoSIMS
microscopy from the Foundation were
submitted to the scientific journal_eLife_in
the research paper entitled "Subcellular
visualization of the distribution of
atmospheric dinitrogen fixed by
Gluconacetobacter diazotrophicus_bacteria
in maize”.The results demonstrate that
fixed nitrogen derived from the nitrogen-
fixing bacteria_Gluconacetobacter
_diazotropicus_colonised maize,
preferentially targeting leaf chloroplasts.
This is a significant achievement and a
global scientific first.

Additional information (optional)

You may choose to include further statements where relevant about:

Achievements against
objectives set
Para 1.41
Performance of fundraising
activities against objectives
set
Para 1.41
Investment performance
against objectives
Para 1.41
Other

Financial Review

Financial Review
Review of the charity’s
financial position at the end
of the period		 Para 1.21 Income: £91.380.00
Expenditure: £27,680.00
Total Net Assets: £67,466.00
Statement explaining the
policy for holding reserves
stating why they are held		 Para 1.22
Amount of reserves held Para 1.22
Reasons for holding zero
reserves		 Para 1.22
Details of fund materially in
deficit		 Para 1.24
Explanation of any
uncertainties about the
charity continuing as a
going concern		 Para 1.23 The Charity is a ‘going concern’

Additional information (optional)

You may choose to include further statements where relevant about:

The charity’s principal
sources of funds (including
any fundraising)		 Para 1.47 Grant funding and revenues from book
sales of the book entitled ‘Fixed on
Nitrogen’.
Investment policy and
objectives including any
social investment policy
adopted		 Para 1.46
A description of the principal
risks facing the charity		 Para 1.46
Other

Structure, Governance and Management

Description of charity’s
trusts:
Type of governing
document
(trust deed, royal charter)		 Para 1.25 Constitution
How is the charity
constituted?
(e.g unincorporated
association, CIO)		 Para 1.25 CIO
Trustee selection methods
including details of any
constitutional provisions
e.g. election to post or
name of any person or body
entitled to appoint one or
more trustees		 Para 1.25 Trustees were selected and appointed in
accordance with the Foundation’s Policy
for recruitment and appointment of
Trustees. The Board of Trustees is
responsible for review, selection and
appointing by majority vote of all Trustees.

Additional information (optional)

You may choose to include further statements where relevant about:

Policies and procedures
adopted for the induction
and training of trustees		 Para 1.51
The charity’s organisational
structure and any wider
network with which the
charity works		 Para 1.51
Relationship with any related
parties		 Para 1.51
Other

Reference and Administrative details

Charity name Sustainable Nitrogen Foundation
Other name the charity
uses
Registered charity number 1181105
Cutbush House, White Hall Lane, Saham Toney, Norfolk
IP25 7HB
Charity’s principal address Cutbush House, White Hall Lane, Saham Toney, Norfolk
IP25 7HB

Names of the charity trustees who manage the charity

Trustee name Office (if any) Dates acted if not for
whole year		 Name of person (or body)
entitled to appoint trustee
(if any)
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20		 Edward
Cocking		 Trustee Until 14th July 2023 Foundation Board
David Dent Chair & Trustee Founder Foundation Board
Mungo Park Trustee Acted for full year Foundation Board
Rebecca de
Souza		 Trustee Acted for full year Foundation Board
Jonathan
Wadsworth		 Trustee From 1st
September 2023		 Foundation Board
Sarah Hill (nee’
Cocking)		 Trustee From 1st
September 2023		 Foundation Board
Oyin Bishi Trustee Until 1st September
2023		 Foundation Board
Janet Muir Trustee From 16th
November 2023		 Foundation Board

Corporate trustees – names of the directors at the date the report was approved

Director name

Name of trustees holding title to property belonging to the charity

Trustee name Dates acted if not for whole year

Funds held as custodian trustees on behalf of others

Description of the assets held in this capacity

Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects

Details of arrangements for safe custody and segregation of such assets from the charity’s own assets

Additional information (optional)

Names and addresses of advisers (Optional information)

Type of Name Address adviser

Name of chief executive or names of senior staff members (Optional ~~information)~~

Exemptions from disclosure

Reason for non-disclosure of key personnel details

Other optional information

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) Full name(s) David Roy Dent Position (eg Chair Secretary, Chair, etc) Date ?????????

Charity Name Charity Name Charity Name Charity Name Charity Name No(if any) No(if any) CC16a
Receipts andpayments accounts
For the period
from		 Period start date To Period end date
Section A Receipts and payments
Unrestricted
funds		 Restricted funds Endowment
funds		 Total funds Last year
to the nearest £ to the nearest £ to the nearest £ to the nearest £ to the nearest £
A1 Receipts
Book Sales 32 - - 32 26
Project Funds and Donations 1,200 90,096 - 91,296 120
Bank Account Interest 53 - - 53 6
- 0 - - - -
- 0 - - - -
- 0 - - - -
- 0 - - - -
- 0 - - - -
Sub total_(Gross income for AR) _
1,285		 90,096 - 91,381 152
A2 Asset and investment sales,
(see table).
- 0 - 0 - 0 -
- 0 - 0 - 0 - - 0
Sub total
- 0		 - 0 - 0 - - 0
**Total receipts **
1,285		 90,096 - 0 91,381 152
A3 Payments
Bank Fees 60 - - 60 72
Website and IT 465 - - 465 120
Insurance 392 - - 392 387
One Acre Fund Spend - 0 26,763 - 26,763 -
- 0 - - - -
- 0 - - - -
- 0 - - - -
- 0 - - - -
- 0 - - - -
**Sub total **
917		 26,763 - 27,680 579
A4 Asset and investment
purchases,(see table)
- 0 - 0 - 0 -
- 0 - 0 - 0 -
**Sub total **
- 0		 - 0 - 0 - - 0
**Totalpayments **
917		 26,763 - 0 27,680 579
**Net of receipts/(payments) **
368		 63,333 - 63,701 -
427
A5 Transfers between funds - 0 - - - -
A6 Cash funds lastyear end 3,766 - - 3,766 -
**Cash funds thisyear end **
4,134		 63,333 - 67,467 -
427
Section B Statement of assets and liabilities at the end of the period
Categories Details Unrestricted
funds		 Restricted funds Endowment
funds
to nearest £ to nearest £ to nearest £
B1 Cash funds Donations, Book Sales and Bank Interest 4,134 63,333 -
- - -

CCXX R1 accounts (SS)

16/10/2024

1

- - -
Total cash funds 4,134 63,333 -
(agree balances with receipts and payments
account(s))		 OK OK
Unrestricted
funds		 Restricted funds Endowment
funds
Details to nearest £ to nearest £ to nearest £
B2 Other monetary assets - - -
- - -
- - -
- - -
- - -
- - -
Details Fund to which
asset belongs		 Cost (optional) Current value
(optional)
B3 Investment assets - -
- -
- -
- -
- -
Details Fund to which
asset belongs		 Cost (optional) Current value
(optional)
B4 Assets retained for the
charity’s own use		 - -
- -
- -
- -
- -
- -
- -
- -
- -
Details Fund to which
liability relates		 Amount due
(optional)		 When due
(optional)
B5 Liabilities -
-
-
-
-
Signed by one or two trustees on
behalf of all the trustees		 Signature Print Name Date of
approval
David Dent 16/10/24
Janet Muir 16/10/24

CCXX R2 accounts (SS)

16/10/2024

2

Independent examiner's report on the accounts

Section A Independent Examiner’s Report

Report to the trustees Charity Name THE SUSTAINABLE NITROGEN FOUNDATION

On accounts for the year 31 MARCH 2024 Charity no 1180511 ended (if any) Set out on pages 1 TO 3 (remember to include the page numbers of additional sheets)

I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31 / 03 / 2024.

Responsibilities and As the charity's trustees, you are responsible for the preparation of the basis of report accounts in accordance with the requirements of the Charities Act 2011 (“the Act”). I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

1

NOV 2024

Independent examiner's statement

[The charity’s gross income exceeded £25,000 and I am qualified to undertake the examination by being a qualified member of The CERTIFIED INSTITUTE OF PUBLIC ACCOUNTANTS CPAA .

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Signed: ~~Clair Rylands~~ Date: 24/11/2024

Name: Clair J Rylands ACPA

Relevant professional Certified Practisinf Public Accoutnant qualification(s) or body (if any):

Address: DANICA TCL

WAYLAND HOUSE, HIGH STREET, WATTON,

THETFORD, NORFOLK, IP24 5AR

Section B Disclosure

Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).

2

Nov 2024

Give here brief details of any items that the examiner wishes to disclose .

3

Nov 2024