THE CITY OF WINCHESTER TRUST LIMITED
REPORT OF THE COUNCIL AND FINANCIAL STATEMENTS FOR THE YEAR ENDED
31 MARCH 2002
Independent Examiners Report
To the Members of The City of Winchester Trust Limited
for the Year Ended 31st March 2002
We have audited the financial statements in this report, which have been prepared under the historical cost convention, and the accounting policies set out in this report.
Respective Responsibilities of Council of Management and Auditors
As described in this report the Council Members (who act as Trustees for the Charity) are responsible for the preparation of financial statements. it is our responsibility to form an independent opinion, based on our audit, on the financial statements and to report our opinion to you.
Basis of Opinion
We conducted our audit in accordance with Auditing Standards issued by the Auditing Practices Board. An audit includes examination, on test basis, of evidence relevant to the amounts and disclosures in the financial statements. It also includes an assessment of the judgements made by the Council Members in the preparation of the financial statements, and of whether the accounting policies are appropriate to the charitable com pany's circumstances, consistently applied and adequately disclosed.
We planned and performed our audit so as to obtain all information and explanations which we considered necessary in order to provide us with sufficient evidence to give reasonable assurance as other irregularity or error. In forming our opinion we also evaluated the overall adequacy of the presentation of information in the financial statements.
Opinion
ln our opinion the financial statements give a true and fair view of the charitable company’s state of affairs as at 31st March 2002 and of its resources and application of resources, including its income and expenditure, in the year then ended and have been properly prepared in accordance with the Companies Act 1985.
Date: 2002
BUTLER & CO
Registered Auditor, Fareham, PO16 0DZ