2020-07-31-accounts

			Page
Legal and administrative		information
Trustees report			2-6
Independent examiners'		report
Statement offinancial	activities
Balance sheet
Notes to the financial	statements		10-15

Charity	number	number	306613
Registered		Office	University of Plymouth
			New Cooperage	Building
			Royal William Yard
			Plymouth
			Devon
			PL4 8AA
Secretary			Professor M Fuller
Trustees	nominated		Mr M Pearson (Chair)
by Plymouth		University	Professor J Roberts
Trustees	Co-opted		Dr P Le Grice
			Dr A Jellings
			Sir H Studholme
			Ms C Drummond	MBE (from 1"January 2020)
Accountants			Wills Accountants	Limited
			2 Endeavour House
			Parkway Court
			Longbridge Road
			Plymouth
			PL6 8LR
Bankers			HSBC Bank PLC
			4 Old Town Street
			Plymouth
			PL1 1DD
Solicitors			Osborne Clarke
			2 Temple Back East
			Temple Quay
			Bristol
			BS16EG

		Unrestricted	Restricted	2020	2019
		funds	funds	Total	Total
	Notes	E		E	F
Income from:
Charitable activities		544
Investments		53,260		53,260	52,219
Total		53,804		53,804	52,219
Expenditure on:
Charitable activities		63,269		63,269	51,582
Total		63,269		63,269	51,582
Net (expenditure)/income		(9,465)		(9,465)	637
Net gains on investments			4,583	4,583	149,420
Net movement in funds		(9,465)	4,583	(4,882)	150,057
Reconciliation offunds:
Total funds brought forward		3,437	1,739,718	1,743,155	1,593,098
Transfer between funds	6, 12	10,000	(10,000)
Total funds carried forward		3,972	1,734,301	1,738,273	1,743,155

Balance as at 31	sheet July 2020
				2020		2019
		Notes		E
Fixed Assets
Investments				1,744,301		1,739,718
Current Assets
Cash at bank and in hand			52,772		7,194
Creditors:	amounts
falling due	within one
year			(58,800)		(3,757)
Net Current Assets				(6,028)		3,437
Net Assets				1,738,273		1,743,155
Funds
Restricted	income funds	11		1,734,301		1,739,718
Unrestricted	income funds	10		3,972		3,437
Total funds				1,738,273		1,743,155

2.	Charitable	income - by fund	income - by fund	type
					Unrestricted	2020	2019
					Funds	Total	Total
							E
	Grants repayable
3.	Investment	income
					Unrestricted	2020	2019
					Funds	Total	Total
	Dividends	on investments			53,229	53,229	52,181
	Interest on cash deposits				31	31
					53,260	53,260	52,219
4.	Costs ofcharitable		activities	by fund type
					Unrestricted	2020	2019
					Funds	Total	Total
							E
	Grants payable				57,182	57,182	47,160
	Trustees	and secretary expenses			65	65	76
	Administration charge				4,920	4,920	3,133
	Accountancy fees				648	648	624
	Other expenses				454	454	589
					63,269	63,269	51,582

							2020	2019
							Total	Total
							f	F
Expenses	paid	to	trustees	and	Trust	secretary	65	76
							65	76

							Restricted	2020	2019
							Funds	Total	Total
							E	E
Gain	on	valuation	of	Fixed	Asset	investments	4,583	4,583	149,420
							4,583	4,583	149,420

xed asse	t i	nvestments
						Listed	Total
						Investments
Valuation	at	1 August 2019				1,739,718	1,739,718
Revaluation		as at 31 July 2020				4,583	4,583
Valuation	at	31 July 2020				1,744,301	1,744,301
Valuation	taken from statement		provided	by the fund manager	CCLA.
editors:	amounts falling due within			one year
						2020	2019
						f
Accruals						58,800	3,757
						58,800	3,757

lysis	of net assets between funds
		Unrestricted	Restricted	Total
		Funds	Funds	Funds
		E	E	f
Fund balances at 31 July 2020 as
represented by:
Fixed Asset investments			1,744,301	1,744,301
Current	assets	52,772		52,772
Current	liabilities	(58,800)		(58,800)
Transfer	between funds	10,000	(10,000)
		3,972	1,734,301	1,738,273

estricted	funds
		At	1	August	Incoming	Outgoing	At	31July
				2019	Resources	Resources		2020
						E
Unrestricted	Funds			3,437	63,804*	(63,269)		3,972

					At	1 August	Incoming	Outgoing	At 31July
						2019	Resources	Resources	2020
							E	K
Restricted	Funds					1,739,718	4,583	(10,000)	1,734,301
al return
								Unapplied	Total
							Trust for	Total	Endowment
							investment	Return	Fund
								E	F
At 1stAugust 2019:
Gift component ofthe permanent					endowment		850,000	0	850,000
Unapplied	total return						0	889,718	889,718
							850,000	889,718	1,739,718
Movements		during the	year:
Investment		return: dividends		and	interest			0	0
Investment		return: unrealised		gains				4,583	4,583
								4,583	4,583
Unapplied	total return allocated to income during
the year								(10,000)	(10,000)
Net movements in the			year:					(5,417)	(5,417)
At 31July		2020:
Gift component of permanent				endowment			850,000	0	850,000
Unapplied	total return						0	884,301	884,301
							850,000	884,301	1,734,301
Unapplied		total return	represented			by:
Cumulative		gains equal	to inflation*					634,146
Cumulative		gains above	inflation					250,155
								884,301

The following pages do	The following pages do	not form part of	not form part of	the statutory	accounts.
Detailed Statement of Financial Activities
for the year ended 31July 2020
						2020		2019
Incoming resources
Incoming resources from		generating	funds:
Investment. income
Dividends on investments						53,229		52,181
Interest on cash deposits						31		38
						53,260		52,219
Total incoming resources		from generating		funds		53,260		52,219
Total incoming resources						53,260		52,219
Resources expended
Costs ofgenerating funds
Fundraising trading
Cost ofgoods sold and		other costs
Charitable activities
Grants payable
Grant funding activities
Grants payable					57,182		47,160
Grants repayable					(544)
						56,638		47,160
Grants payable total	expenditure					56,638		47,160
Total charitable activity	expenditure					56,638		47,160
Governance costs
Activities undertaken	directly
Trustees and secretary		expenses			65		76
Administration charge					4,920		3,133
Accountancy fees					648		624
Other expenses							589
						6,087		4,422
Total governance costs						6,087		4,422
Net (outgoing)/incoming		resources	forthe	year		(9,465)		637
Total unrestricted funds		brought forward				3,437		2,800
Transfer between funds						10,000
Total unrestricted funds		carried forward				3,972		3,437