2022-07-31-accounts

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

Charity	number	number	number	306613
Registered		Office		University of Plymouth
				Emdeck Building
				Plymouth
				Devon
				PL4 8AA
Secretary				Professor M Fuller
Trustees	nominated			Mr M Pearson (Chair)
By University			of Plymouth	Professor J Roberts
Trustees	Co-opted			Dr P Le Grice
				Dr A Jellings
				Sir H Studholme
				Ms C Drummond	MBE (Deceased 23 May 2022)
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	2022	2021
				funds	funds	Total	Total
			Notes	F		f
Income from:
Charitable activities				4,556		4,556	671
Investments				55,328		55,328	54,298
Total				59,884		59,884	54,969
Expenditure on:
Charitable activities				65,417		65,417	68,150
Total				65,417		65,417	68,150
Net (expenditure)/income				(5,533)		(5,533)	(13,181)
Net (loss)/gain on	investments				(22,409)	(22,409)	285,136
Net movement	in	funds		(5,533)	(22,409)	(27,942)	271,955
Reconciliation	of	funds:
Total funds brought		forward		3,091	2,007,137	2,010,228	1,738,273
Transfer between	funds		12	9,800	(9,800)
Total funds carried forward				7,358	1,974,928	1,982,286	2,010,228

					2022		2021
			Notes		E		E
Fixed Assets
Investments					1,974,928		2,010,637
Current Assets
Cash at bank and		in hand		13,060		28,562
Creditors:	amounts
falling due	within	one
year				(5,702)		(28,971)
Net Current Assets					7,358		(409)
Net Assets					1,982,286		2,010,228
Funds
Restricted	income	funds	11/12		1,974,928		2,007,137
Unrestricted	income funds		10		7,358		3,091
Total funds					1,982,286		2,010,228

2.	Charitable inc	ome	- by fund	type
					Unrestricted	2022	2021
					Funds	Total	Total
					F	F
	Grants repayable				4,556	4,556	671
					4,556	4,556	671
3.	Investment income
					Unrestricted	2022	2021
					Funds	Total	Total
					F	E	f.
	Dividends on	investments			55,312	55,312	54,297
	Interest on cash deposits				16
					55,328	55,328	54,298
4.	Costs ofcharitable		activities	by fund type
					Unrestricted	2022	2021
					Funds	Total	Total
					f
	Grants payable				59,415	59,415	62,258
	Trustees and	secretary expenses
	Administration	charge			4,994	4,994	4,920
	Accountancy	fees			708	708	672
	Other expenses				300	300	300
					65,417	65,417	68,150

ts	payable
					Total
					F
~	Dietary	nitrate and oral health			7,176
~	Reducing N20 from soils				14,150
~	Piloting	precision pastoralism			3,410
~	Volatile	profiles of Dodder parasitized		plants	1,380
~	The wetter the better				13,750
~	Seaweed BioComplex and phosphate				9,582
~	RNAi pesticide for Cabbage Stem Flea Beetle				7,367
~	Agrifood	Charities Partnership	Research Project		2,600
					59,415

						Restricted	Restricted	2022	2021
						Funds		Total	Total
							E	F	F
Realised	gain on sale of units					6,332		6,332	9,273
Unreaiised (loss)/gain investments		on valuation		of Fixed Asset		(28,741)		(28,741)	275,863
						(22,409)		(22,409)	285,136
n-current	investments
								2022	2021
								F	F
Valuation	at 1 August							2,010,637	1,744,301
Sale of income units								(13,300)	(18,800)
Realised	gain on sale of units							6,332	9,273
Revaluation as at 31		July (unrealised)						(28,741)	275,863
Valuation	at 31 July							1,974,928	2,010,637
Valuation	taken from	statement	provided		by the fund	manager	CCLA.

ditors: amounts falling due within o	ne year
	2022	2021
	F
Accruals	5,702	28,971
	5,702	28,971

alysis	of net a	s	sets between funds
				Unrestricted	Restricted	Total
				Funds	Funds	Funds
					E	E
Fund balances at			31 July 2022
as represented		by:
Fixed Asset investments					1,974,928	1,974,928
Current	assets			13,060		13,060
Current	liabilities			(5,702)		(5,702)
Transfer	between		funds
				7,358	1,974,928	1,982,286

10.Unrestricted	funds
		At	1	August	Incoming	Outgoing	At	31July
				2021	Resources	Resources		2022
				F	F.	F		F
Unrestricted	Funds			3,091	69,684	(65,417)		7,358

						At	1 August	1 August	Incoming	Outgoing	At.	31July
							2021		Resources	Resources		2022
								F	F	E'		K
Restricted		Funds					2,007,137			(32,209)	1,974,928
within outgoing			resources of		the restricted			funds	is the F9,800	transfer to unrestricted	funds.
al return		accounting		summary
										Unapplied		Total
									Trust for	Total	Endowment
									investment	Return		Fund
										F		F
At 1stAugust 2021:
Gift component			ofthe permanent			endowment			850,000		850,000
Unapplied	total		return							1,157,137	1,157,137
									850,000	1,157,137	2,007,137
Movements		during the		year:
Investment		return: realised gains								6,332		6,332
Investment		return: unrealised			losses					28,741		28,741
										(22,409)	(22,409)
Unapplied	total		return allocated to income during
the year										(9,800)		(9,800)
Net movements			in the	year						(32,209)	(32,209)
At 31July		2022:
Gift component			ofpermanent		endowment				850,000		850,000
Unapplied	total		return							1,124,928	1,124,928
									850,000	1,124,928	1,974,928
Unapplied		total	return	represented			by:
Cumulative		gains equal		to inflation*						464,887
Cumulative		gains above		inflation						660,041
										1,124,928

Nature	oftransaction	2022	2021
		E	E
Grants	paid by the Trust	56,815	46,758
Grants	repaid to the Trust	4,556	671
Administration charge payable to the University		4,994	4,920

The following schedule is an	The following schedule is an	intrinsic	part	of the	accounts	accounts	required	to comply with	to comply with	the	Statement	of
Recommended Practice for Accounting			and	Reporting		issued	by the	Charity	Commissioners		for England
&Wales, revised in June 2019.
Detailed Statement of	Financial Activities
for the year ended 31	July	2022							2022			2021
									E
Incoming resources
Incoming resources from generating			funds:
Investment income
Dividends on investments									55,312			54,297
Interest on cash deposits									16			1
									55,328			54,298
Total incoming resources from generating				funds					55,328			54,298
Total incoming resources									55,328			54,298
Resources expended
Costs ofgenerating funds
Fundraising trading
Cost ofgoods sold and other costs
Charitable activities
Grants payable
Grant funding activities
Grants payable							59,415			62,258
Grants repayable							(4,556)				(671)
									54,859			61,587
Grants payable total	expenditure								54,859			61,587
Total charitable activity	expenditure								54,859			61,587
Governance costs
Activities undertaken	directly
Trustees and secretary expenses
Administration charge							4,994				4,920
Accountancy fees							708				672
Other expenses							300				300
									6,002			5,892
Total governance costs									6,002			5,892
Net (outgoing)/incoming	resources		for the	year					(5,533)			(13,181)
Total unrestricted funds	brought forward								3,091			3,972
Transfer between funds									9,800			12,300
Total unrestricted funds	carried forward								7,358			3,091