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||||Page|
|---|---|---|---|
|Legal and administrative||information||
|Trustees
report|||2-6|
|Independent
examiners'||report||
|Statement
offinancial|activities|||
|Balance sheet||||
|Notes to the financial|statements||10-15|
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|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||
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|||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|
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|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|
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|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|
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||||||||2020|2019|
|---|---|---|---|---|---|---|---|---|
||||||||Total|Total|
||||||||f|F|
|Expenses|paid|to|trustees|and|Trust|secretary|65|76|
||||||||65|76|
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||||||||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|
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|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|
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|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|
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|estricted|funds||||||||
|---|---|---|---|---|---|---|---|---|
|||At|1|August|Incoming|Outgoing|At|31July|
|||||2019|Resources|Resources||2020|
|||||||E|||
|Unrestricted|Funds|||3,437|63,804*|(63,269)||3,972|
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||||||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||
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|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|