THE CITY OF WINCHESTER TRUST LIMITED
REPORT OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED
31 MARCH 2001
| Unrestricted Funds 2001 |
Restricted Funds 2001 |
Total Funds 2001 |
Total Funds 2000 | |
| Income and expenditure: | £ | £ | £ | £ |
| Income resources | ||||
| Capital grants (for conversion of buildings to residential use) |
- | - | - | 20,902 |
| Other grants | 3,000 | - | 3,000 | - |
| Subscriptions | 3,739 | - | 3,739 | 4,869 |
| Donations | 5,649 | 326 | 5,975 | 5,964 |
| Investment income | 15 | - | 15 | 40 |
| Rental income | 8,575 | - | 8,575 | 7,200 |
| Legacy | 500 | - | 500 | 1,500 |
| Sundry income (note 4) | 1,940 | - | 1,940 | 2,357 |
| Total Income | 23,418 | 326 | 23,744 | 42,832 |
| Resources expended | ||||
| Direct charitable expenditure: | ||||
| Project expenditure | 6,145 | 260 | 6,405 | 3,481 |
| Other expenditure | 564 | - | 564 | 898 |
| Other expenditure: | ||||
| Management and administration of the charity (note 4) | 14,745 | 40 | 14,785 | 17,772 |
| Letting expenses | 746 | - | 746 | 461 |
| Sundry expenditure | 653 | - | 653 | 522 |
| Property expenditure | 1,050 | - | 1,050 | 20,902 |
| Depreciation | 5,217 | - | 5,217 | 5,916 |
| Total Expenditure | 29,120 | 300 | 29,420 | 49,952 |
| Net income/(outgoing) for the period | (5,702) | 26 | (5,676) | (7,120) |
| Other recognised gains and losses | ||||
| Gains/losses on investments: | ||||
| Realised | 61 | - | 61 | (1,637) |
| Unrealised | (1,424) | 668 | (756) | (5,656) |
| Net movement in Funds | (7,065) | 694 | (6,371) | (14,413) |
| Funds balances brought forward at 1 April 2000 | 304,057 | 6,061 | 310,118 | 324,531 |
| Fund balances carried forward at 31 March 2001 |
296,992 | 6,755 | 303,747 | 310,118 |
BALANCE SHEET AS AT 31st MARCH 2001
| Notes | 31 March 2001 £ |
31 March 2001 £ |
31 March 2000 £ |
31 March 2000 £ | |
| Fixed assets | |||||
| Tangible assets | 5 | 179,522 | 183,358 | ||
| Investments | 6 | 116,043 | 112,739 | ||
| 295,565 | 296,097 | ||||
| Current assets | |||||
| Stocks | 7 | 365 | 365 | ||
| Debtors | 8 | 1,636 | 2,056 | ||
| Cash at bank and in hand | 8,796 | 15,749 | |||
| 10,797 | 18,170 | ||||
| Creditors: | |||||
| amounts falling due within one year | 9 | (2,615) | (4,149) | ||
| Net current assets | 8,182 | 14,021 | |||
| NET ASSETS | 303,747 | 310,118 | |||
| FUNDS | |||||
| Unrestricted | 10 | 296,992 | 304,057 | ||
| Restricted | 12 | 6,755 | 6,061 | ||
| 303,747 | 310,118 | ||||
These financial statements have been prepared in accordance with the special provisions of Part VII of the Companies Act 1985 frelating to small companies.
The financial statements were approved by the Council of Management and signed on its behalf by:
signed R B Merton
(Council Member)
30th July 2001
signed Captain I F Grant
(Council Member)
30th July 2001