2021-03-31-accounts - The F Glenister Woodger Trust CIO

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		Unrestricted	Endowment	Total
		fund	fund	funds
	Notes
FIXEDASSETS
Tangible assets		1,700,000		1,700,000
Investments
Investments	9	16,843,339		16,843,339
Investment property	10	26 302757	2,800,000	29 102757
		44,846,096	2,800,000	47,646,096
CURRENT ASSETS
Debtors		436,843		436,843
Cash at bank		1,756,120		1,756,120
		2,192,963		2,192,963
CREDITORS
Amounts falling due within one year	12	(638,707)		(638,707)
NET CURRENT ASSETS		1,554,256		1,554,256
TOTAL ASSETSLESSCURRENT
LIABILITIES		46,400,352	2,800,000	49,200,352
CREDITORS
Amounts falling due after more than one year	13	(113,333)		(113,333)
NET ASSETS		46,287,019	2 800 000	49,087,019
FUNDS	14
Unrestricted funds				46,287,019
Endowment funds				2,800,000
TOTAL FUNDS				49,087,019


Cash flows from operating	activities
Cash generated from operations				1,525,252
Net cash provided by operating		activities		1,525,252
Cash flows from investing	activities
Purchase offixed asset investments				(7,437,515)
Purchase ofinvestment property				(39,592)
Sale offixed asset investments				7,401,805
Sale ofinvestment property				10,000
Interest received				4,420
Dividends received				291750
Net cash (used in)/provided	by	investing	activities	230,868
Change iu cash and cash	equivalents
in the reporting period				1,756,120
Cash and cash equivalents	at	the
beginning ofthe reporting	period
Cash and cash equivalents	at	the end
ofthe reporting period				1,756,120

RECONCILIATION	RECONCILIATION	OFNET INCOME TO NET CASH FLOW FROM OPERATING	OFNET INCOME TO NET CASH FLOW FROM OPERATING	OFNET INCOME TO NET CASH FLOW FROM OPERATING
ACTIVITIES
Net income for the	reporting		period	(as per the Statement ofFinancial
Activities)					4,700,810
Adjustments for:
Net current assets fi	om	unincorporated		charity	796,079
Losses/(gain) on investments					(3,990,664)
Interest received					(4,420)
Dividends received					(291,750)
Increase in debtors					(436,843)
Increase in creditors					752040
Net cash provided	by	operations			1,525,252

Rents receivable								821,887
Income f'rom listed	investments							475,378
Lease terminations	and	extensions						106,583
Interest receivable								920
Other income								3 600
								1 408,268
RAISING FUNDS
Investment management			costs
Property maintenance		cost						145,686
Professional fees for property				management				94,606
Legal and professional		fees for property			management			12384
								252,676
CHAMTABLK ACTIVITIES COSTS
						Grant
						funding of
						activities	Support
						(see note	costs (see
						5)	note 6)	Totals
Grant funding						427,358	18,088	445,446

GRANTS PAYABLK
Grant funding					427,358
					2021
The Academy, Selsey					5,000
The Aldingbourne Trust					50,000
Birdham School					9,450
Blesma					2,000
Chichester Bell Tower Youth Drop		in Centre			2,000
Chichester Information Shop for	Young People				30,000
Donnington House Care Home					29,883
Downview Community Hall					1,450
Friends ofEast Wittering Community			Primary School		10,646
Friends &PTA ofWest Wittering		Primary		School	14,000
Friends ofWittering Medical Centre					1,900
Home-Start Chichester and District					5,000
Local Primary Schools STEM Project					225,000
Public Defibrilator					1,452
RNIB					1,000
Rotary Club ofChichester Harbour					5,000
Samaritans -Bognor, Chichester	and District				10,000
Sidlesham Primary School					6,390
Stirlands Cricket Club					3,000
West Wittering Allotments Association					2,593
West Wittering Parish Council					9,254
Witterings Medical Centre					2,340
					427 358

		Governance
		costs
Grant	funding	18,088

TANGIBLE FIXEDASSETS
	Freehold
	property	Land	Totals
FAIR VALUE
Transfer from The FGlenister Woodger Trust	400,000	1,000 000	1,400 000
Revaluations	300,000		300,000
NET BOOKVALUE
At 31stMarch 2021	700,000	1,000,000	1,700,000

FIXEDASSETINVESTMENTS
			Cash and
	Listed	Unlisted	settlements
	investments	investments	pending	Totals
MARKET VALUE
Transfer from TFGWT	12,180,907	3,952	632,106	12,816,965
Additions	7,437,515		7,307,469	14,744,984
Disposals	(6,198,492)		(7,437,515)	(13,636,007)
Revaluations	2 917,397			2,917,397
At 31stMarch 2021	16,337,327	3,952	502,060	16,843,339
NET BOOK VALUE
At 31stMarch 2021	16,337,327	3,952	502,060	16,843,339
HISTORICAL COST
At 31March 2021				14,390,363
Investment assets held are detailed as follows:
				2021
UK				10,412,346
Europe				1,085,653
North America				2,892,364

INVESTMENT PROPERTY
FAIR VALUE
Transfer f'rom The FGlenister Woodger Trust	24,863,023
Additions	39,592
Disposals	(10,000)
Revaluation	4,210,142
At 31stMarch 2021	29,102757
NET BOOK VALUE
At 31stMarch 2021	29 102,757

DEBTO	RS:AMOUNTS FALLING DUE WITHIN ONE YEAR
Due Irom	Astons	40,099
Due fiom	Cranes	116,841
Dividends	in transit	116,837
Accrued	interest	12
Prepayments and accrued income		18,201
Accrued	income	144,853
		436,843

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE Y	EAR
VAT	12,231
Other creditors	276,783
Accruals and deferred income	349,693
	638,707

INCOME AND ENDOWMENTS	INCOME AND ENDOWMENTS	INCOME AND ENDOWMENTS
Investment income
Rents receivable			821,887
Income fiom listed investments			475,378
Lease terminations and extensions			106,583
Interest receivable			920
Other income			3,500
			1,408 268
Total incoming resources			1,408,268
EXPENDITURE
Investment management	costs
Property maintenance cost			145,686
Professional fees for property		management	94,606
Legal and professional fees for property
management			12,384
			252,676
Charitable activities
Grants to institutions			427,358
Support costs
Governance costs
Auditors' remuneration			11,700
Auditors' remuneration for non audit work			974
Accountancy and legal fees			2,363
Trustee meeting expenses			546
Trust administration costs			2,505
			18,088
Total resources expended			698,122
Net income before gains	and	losses	710,145
Realised recognised gains and losses
Realised gains/(losses) on	fixed asset investments		1,073,267
Net income			1,783,413