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##
|||||Unrestricted|Endowment|Total|
|---|---|---|---|---|---|---|
|||||fund|fund|funds|
||||Notes||||
|INCOME AND ENDOWMENTS FROM|||||||
|Investment
income||||1,408,268||1,408,268|
|EXPENDITURE|ON||||||
|Raising funds||||252,676||252,676|
|Charitable
activities|||||||
|Grant funding||||445,446||445,446|
|Total||||698,122||698,122|
|Net gains on investments||||3,990,664||3,990,664|
|NET INCOME||||4,700,810||4,700,810|
|Other recognised|gains/(losses)||||||
|Gains on revaluation||offixed assets||3,597,642|912,500|4,510,142|
|Transfer from The|F|Glenister Woodger Trust|15|37988,567|1,887,500|39,876 067|
|Net movement
in|funds|||46,287,019|2,800,000|49,087,019|
|TOTAL FUNDS|CARRIED FORWARD|||46 287,019|2,800,000|49,087,019|
##
|||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|
##
|||||Notes||
|---|---|---|---|---|---|
|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|
##
##
|1.|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|
##
|ANALYSIS OF CHANGES IN NET|FUNDS|||
|---|---|---|---|
||At 13.2.20|Cash flow|At 31.3.21|
|Net cash||||
|Cash at bank||1,756,120|1,756, 120|
|||1,756,120|1,756 120|
|Total||1,756,120|1,756,120|
##
##
##
##
##
##
##
##
##
##
##
##
|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|
##
##
##
|MOVEMENT|IN FUNDS|||||
|---|---|---|---|---|---|
||||Transfer|Net||
||||from|movement|At|
||||TFGWT|in funds|31.3.21|
|Unrestricted|funds|||||
|General fund|||37,988,567|8,298,452|46,287,019|
|Endowment|funds|||||
|Endowment|||1,887,500|912,500|2,800,000|
|TOTAL FUNDS|||39,876,067|9,210952|49,087,019|
|Net movement|in funds, included|in the above are as follows:||||
|||Incoming|Resources|Gains and|Movement|
|||resources|expended|losses|in funds|
|Unrestricted|funds|||||
|General fund||1,408,268|(698,122)|7,588,306|8,298,452|
|Endowment|funds|||||
|Endowment||||912,500|912,500|
|TOTAL FUNDS||1,408,268|~698,122)|8,500,806|9,210,952|
##
##
|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|