Docusign Envelope ID: 43F753C4-747D-42C6-A00C-02DE86C577D3
```
REGISTERED COMPANY NUMBER: 11738820 (England and Wales)
REGISTERED CHARITY NUMBER: 1206391
```
## **`REPORT OF THE TRUSTEES AND`**
```
FINANCIAL STATEMENTS
```
```
FOR THE YEAR ENDED 31 DECEMBER 2024
```
## **`FOR`**
## **`CIBUS FOUNDATION LIMITED`**
```
Lewis Brownlee (Chichester) Limited
Chartered Accountants
Appledram Barns
Birdham Road
Chichester
West Sussex
PO20 7EQ
```
Docusign Envelope ID: 43F753C4-747D-42C6-A00C-02DE86C577D3
## **`CIBUS FOUNDATION LIMITED`**
## **`CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024`**
**----- Start of picture text -----**
Page
Report of the Trustees 1 to 2
Independent Examiner's Report 3
Statement of Financial Activities 4
Balance Sheet 5
Notes to the Financial Statements 6 to 8
Detailed Statement of Financial Activities 9
**----- End of picture text -----**
Docusign Envelope ID: 43F753C4-747D-42C6-A00C-02DE86C577D3
```
CIBUS FOUNDATION LIMITED
```
## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024`**
```
ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006,presenttheir report
withthefinancialstatementsofthecharityfortheyearended31December2024.Thetrusteeshaveadopted the
provisionsofAccountingandReportingbyCharities:StatementofRecommendedPracticeapplicableto charities
preparingtheiraccountsinaccordancewiththeFinancialReportingStandardapplicableintheUKandRepublic of
Ireland (FRS 102) (effective 1 January 2019).
```
## **`OBJECTIVES AND ACTIVITIES`**
## **`Objectives and aims`**
```
TheprimaryobjectiveofCibusFoundationistopromotetheconservation,protectionandenhancementof the
physicalandnaturalenvironment,advanceanimalwelfarethroughadvocacy,educationandsupportiveinitiatives and
tofurtherthepreservationofhumanhealthbysupportingendeavoursaimedataddressinghealthdisparitiesand the
promotionofhealth.Theseobjectivesarepursuedgloballyandachievedbyprovidinggrantstoorganisations whose
objectivesalignwiththeadvancementofenvironmentalconservation,animalwelfareandpublichealth,ensuring that
such endeavours are exclusively charitable and for the benefit of the public.
```
## **`Significant activities`**
```
TheCibusFoundationregisteredwiththeCharityCommissionon4January2024.Duringtheperiod,the charity
received funds and made grants to a number of entities.
```
## **`FINANCIAL REVIEW`**
## **`Financial position`**
```
Havingreceivedfundingof£50k,theTrusteesmadegrantstotalling£25kduringtheperiod.Afteraccounting for
interestincome,thecharityhadcashreservestotalling£25kattheendoftheperiod.Goingforwardthecharity will
continuetomakegrantsastheTrusteesseefit.Thecharityfundswillcontinuetobeheldinbankaccounts,which are
interest bearing.
```
## **`STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document`**
```
Thecharityiscontrolledbyitsgoverningdocument,adeedoftrust,andconstitutesalimitedcompany,limited by
guarantee, as defined by the Companies Act 2006.
```
## **`REFERENCE AND ADMINISTRATIVE DETAILS`**
## **`Registered Company number`**
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11738820 (England and Wales)
```
## **`Registered Charity number`**
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1206391
```
## **`Registered office`**
```
4 Sloane Terrace
London
SW1X 9DQ
```
## **`Trustees`**
```
G Thomas
A Maltin
E L Appleby
```
## **`Independent Examiner`**
```
Sarah Alexander FCCA FCA
Lewis Brownlee (Chichester) Limited
Chartered Accountants
Appledram Barns
Birdham Road
Chichester
West Sussex
PO20 7EQ
```
```
Page 1
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Docusign Envelope ID: 43F753C4-747D-42C6-A00C-02DE86C577D3
## **`CIBUS FOUNDATION LIMITED`**
## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024`**
## **`REFERENCE AND ADMINISTRATIVE DETAILS`**
## **`Bankers`**
```
CAF Bank
25 Kings Hill Avenue
West Malling
Kent
ME19 4JQ
```
26 September 2025 | 05:27 PDT `Approved by order of the board of trustees on ............................................. and signed on its behalf by:`
```
..............................................................
G Thomas - Trustee
```
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Page 2
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Docusign Envelope ID: 43F753C4-747D-42C6-A00C-02DE86C577D3
## **`INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CIBUS FOUNDATION LIMITED`**
## **`Independent examiner's report to the trustees of Cibus Foundation Limited ('the Company')`**
```
IreporttothecharitytrusteesonmyexaminationoftheaccountsoftheCompanyfortheyear ended
31 December 2024.
```
## **`Responsibilities and basis of report`**
```
Asthecharity'strusteesoftheCompany(andalsoitsdirectorsforthepurposesofcompanylaw)youare responsible
for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
```
```
HavingsatisfiedmyselfthattheaccountsoftheCompanyarenotrequiredtobeauditedunderPart16ofthe 2006
Actandareeligibleforindependentexamination,Ireportinrespectofmyexaminationofyourcharity'saccounts as
carriedoutunderSection145oftheCharitiesAct2011('the2011Act').IncarryingoutmyexaminationI have
followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
```
## **`Independent examiner's statement`**
```
Ihavecompletedmyexamination.Iconfirmthatnomattershavecometomyattentioninconnectionwith the
examination giving me cause to believe:
```
`1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or`
`3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or`
`4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).`
```
Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationtowhich attention
should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
```
```
Sarah Alexander FCCA FCA
```
```
Lewis Brownlee (Chichester) Limited
Chartered Accountants
Appledram Barns
Birdham Road
Chichester
West Sussex
PO20 7EQ
```
26 September 2025 | 06:07 PDT
```
Date: .............................................
```
```
Page 3
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Docusign Envelope ID: 43F753C4-747D-42C6-A00C-02DE86C577D3
## **`CIBUS FOUNDATION LIMITED`**
## **`STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2024`**
|||**`2024`**|**`2023`**|
|---|---|---|---|
|||**`Unrestricted`**||
|||**`fund`**|**`Total funds`**|
||**`Notes`**|**`£`**|**`£`**|
|**`INCOME AND ENDOWMENTS FROM`**||||
|`Donations and legacies`|`2`|**`50,050`**|`-`|
|`Investment income`|`3`|**`23`**|`-`|
|**`Total`**||**`50,073`**|`-`|
|**`EXPENDITURE ON`**||||
|**`Charitable activities`**|`4`|||
|`Charitable activity`||**`26,051`**|`-`|
|**`NET INCOME`**||**`24,022`**|`-`|
|**`RECONCILIATION OF FUNDS`**||||
|`Total funds brought forward`||**`-`**|`-`|
|**`TOTAL FUNDS CARRIED FORWARD`**||**`24,022`**|`-`|
```
The notes form part of these financial statements
```
```
Page 4
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Docusign Envelope ID: 43F753C4-747D-42C6-A00C-02DE86C577D3
## **`CIBUS FOUNDATION LIMITED`**
## **`BALANCE SHEET 31 DECEMBER 2024`**
|||**`2024`**|**`2023`**|
|---|---|---|---|
|||**`Unrestricted`**||
|||**`fund`**|**`Total funds`**|
||**`Notes`**|**`£`**|**`£`**|
|**`CURRENT ASSETS`**||||
|`Cash at bank`||**`25,042`**|`-`|
|**`CREDITORS`**||||
|`Amounts falling due within one year`|`9`|**`(1,020)`**|`-`|
|**`NET CURRENT ASSETS`**||**`24,022`**|`-`|
|**`TOTAL ASSETS LESS CURRENT LIABILITIES`**||**`24,022`**|`-`|
|**`NET ASSETS`**||**`24,022`**|`-`|
|**`FUNDS`**|`10`|||
|`Unrestricted funds`||**`24,022`**|`-`|
|**`TOTAL FUNDS`**||**`24,022`**|`-`|
```
ThecharitablecompanyisentitledtoexemptionfromauditunderSection477oftheCompaniesAct2006forthe year
ended 31 December 2024.
```
```
Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsfortheyear ended
31 December 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)preparingfinancialstatementswhichgiveatrueandfairviewofthestateofaffairsofthecharitable company
asattheendofeachfinancialyearandofitssurplusordeficitforeachfinancialyearinaccordancewith the
requirementsofSections394and395andwhichotherwisecomplywiththerequirementsofthe Companies
Act 2006 relating to financial statements, so far as applicable to the charitable company.
```
```
Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicabletocharitable companies
subject to the small companies regime.
```
`The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:` 26 September 2025 | 05:27 PDT
```
.............................................
G Thomas - Trustee
```
```
The notes form part of these financial statements
```
```
Page 5
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Docusign Envelope ID: 43F753C4-747D-42C6-A00C-02DE86C577D3
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CIBUS FOUNDATION LIMITED
```
## **`NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024`**
## **`1. ACCOUNTING POLICIES`**
## **`Basis of preparing the financial statements`**
```
Thefinancialstatementsofthecharitablecompany,whichisapublicbenefitentityunderFRS102,have been
preparedinaccordancewiththeCharitiesSORP(FRS102)'AccountingandReportingbyCharities: Statement
ofRecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththe Financial
ReportingStandardapplicableintheUKandRepublicofIreland(FRS102)(effective1January 2019)',
FinancialReportingStandard102'TheFinancialReportingStandardapplicableintheUKandRepublic of
Ireland'andtheCompaniesAct2006.Thefinancialstatementshavebeenpreparedunderthehistorical cost
convention.
```
```
Thefinancialstatementsarepreparedinsterling,whichisthefunctionalcurrencyofthecharity. Monetary
amounts in these financial statements are rounded to the nearest pound.
```
## **`Financial reporting standard 102 - reduced disclosure exemptions`**
```
Thecharitablecompanyhastakenadvantageofthefollowingdisclosureexemptioninpreparingthese financial
statements,aspermittedbyFRS102'TheFinancialReportingStandardapplicableintheUKandRepublic of
Ireland':
```
- `the requirements of Section 7 Statement of Cash Flows.`
## **`Income`**
```
AllincomeisrecognisedintheStatementofFinancialActivitiesoncethecharityhasentitlementtothe funds,
it is probable that the income will be received and the amount can be measured reliably.
```
## **`Expenditure`**
```
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommitting the
charitytothatexpenditure,itisprobablethatatransferofeconomicbenefitswillberequiredin settlement
andtheamountoftheobligationcanbemeasuredreliably.Expenditureisaccountedforonanaccruals basis
andhasbeenclassifiedunderheadingsthataggregateallcostrelatedtothecategory.Wherecostscannot be
directlyattributedtoparticularheadingstheyhavebeenallocatedtoactivitiesonabasisconsistentwith the
use of resources.
```
```
Grantsofferedsubjecttoconditionswhichhavenotbeenmetattheyearenddatearenotedasa commitment
but not accrued as expenditure.
```
## **`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.
```
```
Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthe 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.
```
## **`Financial instruments`**
```
Thecharityonlyhasfinancialassetsandfinancialliabilitiesofakindthatqualifyasbasicfinancial instruments.
Basicfinancialinstrumentsareinitiallyrecognisedattransactionvalueandsubsequentlymeasuredat their
settlement value.
```
```
continued...
```
```
Page 6
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Docusign Envelope ID: 43F753C4-747D-42C6-A00C-02DE86C577D3
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CIBUS FOUNDATION LIMITED
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024`**
## **`2. DONATIONS AND LEGACIES`**
|**`2.`**|**`DONATIONS AND LEGACIES`**||||
|---|---|---|---|---|
||||**`2024`**|**`2023`**|
||||**`£`**|**`£`**|
||`Donations`||**`50,050`**|`-`|
|**`3.`**|**`INVESTMENT INCOME`**||||
||||**`2024`**|**`2023`**|
||||**`£`**|**`£`**|
||`Deposit account interest`||**`23`**|`-`|
|**`4.`**|**`CHARITABLE ACTIVITIES COSTS`**||||
|||**`Grant`**|||
|||**`funding of`**|||
|||**`activities`**|**`Support`**||
|||**`(see note`**|**`costs (see`**||
|||**`5)`**|**`note 6)`**|**`Totals`**|
|||**`£`**|**`£`**|**`£`**|
||`Charitable activity`|**`25,000`**|**`1,051`**|**`26,051`**|
|**`5.`**|**`GRANTS PAYABLE`**||||
||||**`2024`**|**`2023`**|
||||**`£`**|**`£`**|
||`Charitable activity`||**`25,000`**|`-`|
||`The total grants paid to institutions during the year was as follows:`||||
||||**`2024`**|**`2023`**|
||||**`£`**|**`£`**|
||`Tenant Farmers Association`||**`10,000`**|`-`|
||`Northwoods Rewilding`||**`15,000`**|`-`|
||||**`25,000`**|`-`|
|**`6.`**|**`SUPPORT COSTS`**||||
||||**`Governance`**||
|||**`Finance`**|**`costs`**|**`Totals`**|
|||**`£`**|**`£`**|**`£`**|
||`Charitable activity`|**`31`**|**`1,020`**|**`1,051`**|
## **`7. TRUSTEES' REMUNERATION AND BENEFITS`**
```
Therewerenotrustees'remunerationorotherbenefitsfortheyearended31December2024norforthe year
ended 31 December 2023.
```
## **`Trustees' expenses`**
```
Therewerenotrustees'expensespaidfortheyearended31December2024norfortheyear ended
31 December 2023.
```
```
continued...
```
```
Page 7
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Docusign Envelope ID: 43F753C4-747D-42C6-A00C-02DE86C577D3
```
CIBUS FOUNDATION LIMITED
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024`**
## **`8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`**
|||||**`Total funds`**|
|---|---|---|---|---|
|||||**`£`**|
||**`NET INCOME`**|||`-`|
||**`TOTAL FUNDS CARRIED FORWARD`**|||`-`|
|**`9.`**|**`CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**||||
||||**`2024`**|**`2023`**|
||||**`£`**|**`£`**|
||`Accruals and deferred income`||**`1,020`**|`-`|
|**`10.`**|**`MOVEMENT IN FUNDS`**||||
||||**`Net`**||
||||**`movement`**|**`At`**|
|||**`At 1/1/24`**|**`in funds`**|**`31/12/24`**|
|||**`£`**|**`£`**|**`£`**|
||**`Unrestricted funds`**||||
||`General fund`|**`-`**|**`24,022`**|**`24,022`**|
||**`TOTAL FUNDS`**|**`-`**|**`24,022`**|**`24,022`**|
||`Net movement in funds, included in the above are as follows:`||||
|||**`Incoming`**|**`Resources`**|**`Movement`**|
|||**`resources`**|**`expended`**|**`in funds`**|
|||**`£`**|**`£`**|**`£`**|
||**`Unrestricted funds`**||||
||`General fund`|**`50,073`**|**`(26,051)`**|**`24,022`**|
||**`TOTAL FUNDS`**|**`50,073`**|**`(26,051)`**|**`24,022`**|
## **`11. RELATED PARTY DISCLOSURES`**
```
There were no related party transactions for the year ended 31 December 2024.
```
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Page 8
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Docusign Envelope ID: 43F753C4-747D-42C6-A00C-02DE86C577D3
## **`CIBUS FOUNDATION LIMITED`**
## **`DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024`**
||**`2024`**|**`2023`**|
|---|---|---|
||**`£`**|**`£`**|
|**`INCOME AND ENDOWMENTS`**|||
|**`Donations and legacies`**|||
|`Donations`|**`50,050`**|`-`|
|**`Investment income`**|||
|`Deposit account interest`|**`23`**|`-`|
|**`Total incoming resources`**|**`50,073`**|`-`|
|**`EXPENDITURE`**|||
|**`Charitable activities`**|||
|`Grants to institutions`|**`25,000`**|`-`|
|**`Support costs`**|||
|**`Finance`**|||
|`Bank charges`|**`31`**|`-`|
|**`Governance costs`**|||
|`Independent Examiner Fees`|**`1,020`**|`-`|
|`Total resources expended`|**`26,051`**|`-`|
|**`Net income`**|**`24,022`**|`-`|
```
This page does not form part of the statutory financial statements
```
```
Page 9
```