2022-03-31-accounts - The F Glenister Woodger Trust CIO

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		Page
Report ofthe Trustees	1	to	5
Report ofthe Independent Auditors	6	to	7
Statement ofFinancial Activities
Balance Sheet
Cash Flow Statement		10
Notes to the Cash Flow Statement
Notes to the Financial Statements	12	to	20
Detailed Statement ofFinancial Activities		21

								Period
								13.2.20
							Year Ended	to
							31.3.22	31.3.21
					Unrestricted	Endowment	Total	Total
					fund	fund	funds	funds
				Notes
INCOME AND ENDOWMENTS			FROM
Investment income				2	1,526,439		1 526,439	1 408 268
EXPENDITURE	ON
Raising funds					297,628		297,628	252,676
Charitable activities
Grant funding					742,806		742,806	445,446
Total					1,040,434		1,040,434	698,122
Net gains on investments					1,178,999		1,178,999	3,990,664
NET INCOME					1,665,004		1,665,004	4,700,810
Other recognised	gains/(losses)
Gains on revaluation		offixed assets						4,510,142
Actuarial gains on	defined benefit schemes							39,876,067
Net movemcnt in	funds				1,665,004		1 665 004	49 087 019
RECONCILIATION		OF FUNDS
Total funds brought		forward			46,287,019	2,800,000	49,087,019
TOTAL FUNDS	CARRIED I'ORWARD				47,952,023	2,800,000	50,752,023	49,087,019

				2022	2021
		Unrestricted	Endowment	Total	Total
		fund	fund	funds	funds
	Notes
FIXEDASSETS
Tangible assets	8	1,700,000		1,700,000	1,700,000
Investments
Investments	9	18,029,417		18,029,417	16,843,339
Investment property	10	26,412,462	2,800,000	29,212,462	29,102,756
		46,141,879	2,800,000	48,941,879	47,646,095
CURRENT ASSETS
Debtors	11	397,388		397,388	436,843
Cash at bank		2,144,188		2,144,188	1,756,120
		2,541,576		2,541,576	2,192,963
CREDITORS
Amounts falling due within one year	12	(576,373)		(576,373)	(638,706)
NKT CURRENT ASSETS		1,965,203		1 965203	1 554257
TOTAL ASSETSLESSCURRENT
LIABILITIES		48,107,082	2,800,000	50,907,082	49,200,352
CREDITORS
Amounts falling due after more than one year	13	(155,059)		(155,059)	(113,333)
NET ASSETS		47,952,023	2,800,000	50,752,023	49,087,019
FUNDS	14
Unrestricted funds				47,952,023	46,287,019
Endowment funds				2,800,000	2,800,000
TOTAL FUNDS				50,752,023	49,087,019

					Period
					13.2.20
				Year Ended	to
				31.3.22	31.3.21
			Notes
Cash flows from operating	activities
Cash generated from operations				316,336	1,525,252
Net cash provided by operating		activities		316,336	1,525,252
Cash flows from investing	activities
Purchase oftangible fixed assets
Purchase offixed asset investments				(7,625,222)	(7,437,515)
Purchase ofinvestment propeity				(109,706)	(39,592)
Sale offixed asset investments				7,618,143	7,401,805
Sale ofinvestment property					10,000
Interest received				3,350	4,420
Dividends received				185,167	291,750
Net cash provided by/(used	in) investing		activities	71,732	230,868
Change in cash and cash	equivalents		in
the reporting period				388,068	1,756, 120
Cash and cash equivalents	at	the
beginning ofthe reporting	period			1,756,120
Cash and cash equivalents	at	the end	of
the reporting period				2,144,188	1,756, 120

							Period
							13.2.20
						Year Ended	to
						31.3.22	31.3.21
	Net income	for the	reporting	period	(as per the Statement of Financial
	Activities)					1,665,004	4,700,810
	Adjustments	for:
	Net current assets from unincorporated				charity		796,079
	Gain on investments					(1,178,999)	(3,990,664)
	Interest received					(3,350)	(4,420)
	Dividends received					(185,167)	(291,750)
	Decrease/(increase)		in debtors			39,455	(436,843)
	Increase/(decrease)		in creditors			~20,6077	752,040
	Net cash provided		by operations			316,336	1,525,252
2.	ANALYSIS	Ol CHANGES		IN NET FUNDS
					At 1.4.21	Cash flow	At 31.3.22
						K
	Net cash
	Cash at bank				1,756,120	388,068	2,144,188
					1,756,120	388,068	2,144,188
	Total				1,756, 120	388,068	2,144,188

INVESTMENT IN	COME
			Period
			13.2.20
		Year Ended	to
		31.3.22	31.3.21
1&ents receivable		813,681	821,887
Income from listed	investments	524,241	475,378
Lease terminations	and extensions	185,167	106,583
Interest receivable		387	920
Other income		2,963	3,500
		1,526,439	1,408,268

							Period
							13.2.20
						Year Ended	to
						31.3.22	31.3.21
Property	maintenance		cost			215,044	145,686
Professional		fees for property		management		69,683	94,606
Legal and professional			fees for	property	management	12,901	12,384
						297,628	252,676

4.	CHARITABLE ACTIVITIES COSTS
		Grant
		funding of
		activities	Support
		(see note	costs (see
		5)	note 6)	Totals
	Grant funding	699,909	42,897	742,806
5.	GRANTS PAYABLE
				Period
				13.2.20
			Year Endecl	to
			31.3.22	31.3.21
	Grant funding		699,909	427,358

						2022	2021
The Academy, Selsey The Aldingbourne Trust						5,000	5,000 50,000
Apuldram Centre Birdham School						5,000	9,450
Blesma						2,000	2,000
Calibre Audio						1,000
Carers Support West Sussex Chichester Bell Tower Youth Drop		in Centre				20,000 2,000	2,000
Chichester Boys' Club						5,000
Chichester Canoe Club						2,000
Chichester Harbour Conservancy						77,528
Chichester Harbour Trust						18,400
Chichester Information Shop for	Young People						30,000
Chichester Runners and Athletic	Club					20,000
Chichester University						161,507
Dementia Support						150,000
Donnington I-Iouse Care Home							29,883
Downview Community Hall							1,450
Friends ofEast Wittering Community			Primary		School	7,531	10,646
Friends k PTA ofWest Wittering		Primary		School			14,000
Friends ofWittering Medical Centre							1,900
Ilome-Start Chichester and District							5,000
Kent, Surrey &Sussex Air Ambulance Local Primary Schools STEM Project						15,000	225,000
Manhood Peninsula Partnership						1,500
Manhood Wildlife and Heritage	Group					80,000
PBC Foundation						365
Pregnancy Options Centre Public Defibrilator						3,000	1,452
RNIB						1,600	1,000
Rotary Club ofChichester Harbour						10,000	5,000
Samaritans -Bognor, Chichester Sidlesham Primary School	and District						10,000 6,390
Spinal Injuries Association						1,000
St.Anthony's School						16,000
Stirlands Cricket Club							3,000
Walking with the Wounded						2,000
West Sussex Mediation Service						1,200
West Wittering Allotments Association							2,593
West Wittering Cricket Club						3,500
West Wittering Memorial I-Iall						1,065
West Wittering Parish Council						26,496	9,254
West Wittering Parochial School						50,000
Witterings k District Bowls Club						7,500
Witterings Medical Centre							2,340
Witterings Short Mat Bowls Club						4,000
Less grants written off in year						701,192 ~1,283)	427,358
Total grants						699,909	427,358

TANGIBLE FIXEDASSETS
	Freehold
	property	Land	Totals
COST
At 1stApril 2021 ancl 31stMarch 2022	700,000	1,000,000	1,700,000
NET BOOK VALUE
At 31stMarch 2022	700,000	1,000,000	1,700,000
At 31stMarch 2021	700,000	1,000,000	1,700,000

.	FIXEDASSET INVESTMENTS
					Cash and
			Listed	Unlisted	settlements
		investments		investments	pending	Totals
	MARKET VALUE
	At 1st April 2021 Additions	16,337,327 7,625,222		3,952	502,060 7,634,037	16,843,339 15,259,259
	Disposals	(7,482,616)			(7,625,222)	(15,107,838)
	Revaluations	1,034,657				1,034,657
	At 31stMarch 2022	17,514,590		3,952	510,875	18,029,417
	NET BOOK VALUE
	At 31stMarch 2022	17,514,590		3,952	510,875	18,029,417
	At 31stMarch 2021	16,337,327		3,952	502,060	16,843,339
	IIISTORICAL COST
	At 31 March 2022					15,196,773
	At 31 March 2021					14,390,363
	Investment assets held are detailed	as follows:
					2022	2021
	UK				13,553,007	10,412,346
	Europe				1,835,651	1,085,653
	North America				2,125,932	2,892,364
	Cost or valuation at 31st March 2022 is represented		by:
					Cash and
			Listed	Unlisted	settlements
			investments	investments	pending	Totals
	Valuation in 2022	17,514,590		3,952	510,875	18,029,417
10.	INVESTMENT PROPERTY
	FAIR VALUE
	At 1st April 2021					29,102,756
	Additions					109,706
	At 31st March 2022					29,212,462
	NL&'T BOOK VALUE
	At 31st March 2022					29,212,462
	At 31st March 2021					29,102,756

DEBTO	RS:AMOUNTS FALLING DUE WITHIN ON	E YEAR
		2022	2021
Due from	Astons	40,442	40,099
Due from	Cranes	139,148	116,841
Dividends	in transit	123,917	1]6,837
Accrued	interest	160	12
Prepayments and accrued income		39,227	18,201
Accrued	income	54,494	144,853
		397,388	436,843

CREDIT	ORS: AMOUNTS FALLING DUE WITHIN	ONE YEAR
		2022	2021
VAT		12,231	12,231
Other creditors		402,570	276,782
Accruals	and defen ed uicome	161,572	349,693
		576,373	638,706

CRE	DITORS: AMOUNTS FALLING DUE A	FTER MORE& THAN ONE YEAR
		2022	2021
Other	creditors	155,059	113,333

MOVEMEN	T IN FUNDS
			Net
			movement	At
		At 1.4.21	in funds	31.3.22
Unrestricted	funds
General fund		46,287,019	1,665,004	47,952,023
Endowment	funds
Endowment		2,800,000		2,800,000
TOTAL FUNDS		49,087,019	1,665,004	50,752,023

			incoming	Resources	Gains and	Movement
			resources	expended	losses	in funds
Unrestricted		funds
General	fund		1,526,439	(1,040,434)	1,178,999	1,665,004
TOTAI	I UNDS		1,526,439	~1,040,434)	1, 1711,999	1,665,004

Comparatives	for ruovement in funds
		Net
		movement	At
		in funcls	31.3.21
Unrestricted	funds
General fund		46,287,019	46,287,019
Fndowment	funds
Endowment		2,800,000	2,800,000
TOTAL FUNDS		49,087,019	49,087,019

		Incoming	Resources	Gains and	Movement
		resources	expended	losses	in funds
Unrestricted	funds
General fund		1,408,268	(698,122)	45,576,873	46,287,019
Endowment	funds
Endowment				2 800000	2 800 000
TOTAL FUNDS		1,408,268	~698,122)	48,376,873	49,087,019

			Period
			13.2.20
		Year Ended	to
		31.3.22	31.3.21
INCOME AND ENDOWMENTS
Investment income
Rents receivable		813,681	821,887
Income from listed investments		524,241	475,378
Lease terminations and extensions		185,167	106,583
Interest receivable		387	920
Other income		2,963	3,500
		1,526,439	1,408,268
Total incoming resources		1,526,439	1,408,268
EXPENDITURE
Investment management costs Property maintenance cost Professional fees for property management		215,044 69,683	145,686 94,606
Legal and professional fees for property management		12,901	12,384
		297,628	252,676
Charitable activities
Grants to institutions		699,909	427,358
Support costs
Governance costs
Auditors' remuneration		12,323	11,700
Auditors' remuneration for non aiidit work		1,361	974
Accountancy and legal fees Triistee meeting expenses Triist administration costs		1,930 621 26,662	2,363 546 2,505
		42,897	18,088
Total resources expended		1,040,434	698,122
Net income before gains	and losses	486,005	710,146
Realised recognised gains and losses Realised gains/(losses) on fixed asset investments		144,342	1,073,267
Net income		630,347	1,783,413