2021-07-31-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	Charity 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
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
		2Temple Back East
		Temple Quay
		Bristol
		BS16EG

			Unrestricted	Restricted	2021	2020
			funds	funds	Total	Total
		Notes			E	F
Income from:
Charitable activities			671		671	544
Investments			54,298		54,298	53,260
Total			54,969		54,969	53,804
Expenditure on:
Charitable activities			68,150		68,150	63,269
Total			68,150		68,150	63,269
Net (expenditure)/income			(13,181)		(13,181)	(9,465)
Net gains on investments				285,136	285,136	4,583
Net movement in	funds		(13,181)	285,136	271,955	(4,882)
Reconciliation offunds:
Total funds brought	forward		3,972	1,734,301	1,738,273	1,743,155
Transfer between funds		12	12,300	(12,300)
Total funds carried forward			3,091	2,007,137	2,010,228	1,738,273

Balance as at 31	sheet July 2021
		Notes		2021f		2020 E
Fixed Assets
Investments				2,010,637		1,744,301
Current Assets
Cash at bank and in hand			28,562		52,772
Creditors:	amounts
falling due	within one
year			(28,971)		(58,800)
Net Current Assets				(409)		(6,028)
Net Assets				2,010,228		1,738,273
Funds
Restricted	income funds	11		2,007,137		1,734,301
Unrestricted	income funds	10		3,091		3,972
Total funds				2,010,228		1,738,273

Note	s to financial s	tatem	ent	s for t	he y	ear en	ded 31 July 2	02	1
1.5.	Related parties
	Related party transactions		have been identified			where	significant influence	is	considered	to exist.
1.6.	Estimates and judgements
	Estimates and judgements		are	included	in the	narrative	within the accounting		policies and the notes to
	the financial statements.
2. Charitable income - by fund				type
						Unrestricted			2021	2020
							Funds		Total	Total
							E		E	K
	Grants repayable						671		671
							671		671
3. Investment income
						Unrestricted			2021	2020
							Funds		Total	Total
									E	K
	Dividends on investments						54,297		54,297	53,229
	Interest on cash deposits									31
							54,298		54,298	53,260
4. Costs ofcharitable		activities		by fund	type
						Unrestricted			2021	2020
							Funds		Total	Total
										f
	Grants payable						62,258		62,258	57,182
	Trustees and secretary expenses									65
	Administration charge						4,920		4,920	4,920
	Accountancy fees						672		672	648
	Other expenses						300		300	454
							68,150		68,150	63,269

ts	payable
							Total
~	Insect pollinator density						9,500
~	Targeted P: Improving the		sustainability	of phosphorus use	in farming		9,989
~	Capturing diffuse pollution:		Optimizing seagrass meadow restoration			to	9,911
	mitigate the effects of agricultural fertilisers in coastal waters
~	Pathways of pollution from		Farming: Understanding the fate		of metal		9,492
	contaminants in agricultural		catchments	to improve water quality
~	High throughput screening		to assist the	genetic improvement	ofdiverse fungi		7,323
	relevant to agriculture
~	Development and validation		of high-demensional biological		monitodng		8,043
~	Organised crime, farming	and community		policing			2,000
							56,258

							2021	2020
							Total	Total
							E	E
Expenses	paid	to	trustees	and	Trust	secretary		65
								65

er recogn	ised gains and	losses
			Restricted	2021	2020
			Funds	Total	Total
				f
Realised gain on sale of units			9,273	9,273
Unrealised investments	gain on valuation	of Fixed Asset	275,863	275,863	4,583
			285,136	285,136	4,583

										2021	2020
											F
Valuation	at 1 August									1,744,301	1,739,718
Sale of income units										(18,800)
Realised	gain on sale of units									9,273
Revaluation as at 31 July (unrealised)										275,863	4,583
Valuation	at 31 July									2,010,637	1,744,301
Valuation	taken from	statement		provided		by the fund		manager	CCLA.
editors:	amounts	falling due within				one	year
										2021	2020
										f.	F
Accruals										28,971	58,800
										28,971	58,800
This includes F4,920 owing			to	the	University		of Plymouth		for financial	and administrative	services
provided	(2020:F4,920), and F23,379owing to						the University		of Plymouth	for grants not yet	paid (2020
F53,232).
alysis of net assets between funds
								Unrestricted		Restricted	Total
								Funds		Funds	Funds
										E	F
Fund balances at 31 July 2021
as represented by:
Fixed Asset investments										2,010,637	2,010,637
Current	assets							28,562			28,562
Current	liabilities							(28,971)			(28,971)
Transfer	between funds							3,500		(3,500)
								3,091		2,007,137	2,010,228

10.Unrestricted	10.Unrestricted		funds
							At	1 August	Incoming	Outgoing	At 31July
								2020	Resources	Resources	2021
								E	f	K	f
	Unrestricted		Funds					3,972	67,269	68,150	3,091
Included	within incoming			resources		ofthe unrestricted			funds is the 212,300	transfer from restricted funds.
11.Restricted funds
							At	1 August	Incoming	Outgoing	At 31July
								2020	Resources	Resources	2021
								E		F
	Restdcted	Funds						1,734,301	285,136	(12,300)	2,007,137
12.Total return
										Unapplied	Total
									Trust for	Total	Endowment
									investment	Return	Fund
									f	F
	At 1stAugust 2020:
	Gift component ofthe permanent						endowment		850,000	0	850,000
	Unapplied	total return							0	884,301	884,301
									850,000	884,301	1,734,301
	Movements		during the		year:
	Investment		return:	dividends		and	interest
	Investment		return:	realised gains						9,273	9,273
	Investment		return:	unrealised		gains				275,863	275,863
	Unapplied	total return allocated to income during
	the year									(12,300)	(12,300)
	Net movements			in the	year:					272,836	272,836
	At 31July		2021:
	Gift component of permanent					endowment			850,000		850,000
	Unapplied	total return								1,157,137	1,157,137
									850,000	1,157,137	2,007,137
	Unapplied		total return		represented			by:
	Cumulative		gains	equal	to inflation*					656,421
	Cumulative		gains	above	inflation					500,716
										1,157,137

Nature oftransaction					2021	2020
					F
Grants paid by the Trust					46,758	53,232
Grants repaid to the Trust					671
Administration charge payable to the University					4,920	4,920
Catering charges paid to	University	Commercial		Services		154
Plymouth Limited
(a 100%owned subsidiary	ofthe University		of	Plymouth)

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 2021
						2021		2020
						f.		f.
Incoming resources
Incoming resources from		generating	funds:
Investment income
Dividends on investments						54,297		53,229
Interest on cash deposits						I		31
						54,298		53,260
Total incoming resources		from generating		funds		54,298		53,260
Total incoming resources						54,298		53,260
Resources expended
Costs ofgenerating funds
Fundraising trading
Cost of goods sold and		other costs
Charitable activities
Grants payable
Grant funding activities
Grants payable					62,258		57,182
Grants repayable					(671)		(544)
						61,587		56,638
Grants payable total	expenditure					61,587		56,638
Total charitable activity	expenditure					61,587		56,638
Governance costs
Activities undertaken	directly
Trustees and secretary		expenses					65
Administration charge					4,920		4,920
Accountancy fees					672		648
Other expenses					300		454
						5,892		6,087
Total governance costs						5,892		6,087
Net (outgoing)/incoming		resources	for the	year		(13,181)		(9,465)
Total unrestricted funds		brought forward				3,972		3,437
Transfer between funds						12,300		10,000
Total unrestricted funds		carried forward				3,091		3,972