THE CITY OF WINCHESTER TRUST LIMITED
REPORT OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED
31 MARCH 2002
| Unrestricted Funds 2002 |
Restricted Funds 2002 |
Total Funds 2002 |
Total Funds 2001 | |
| Income: | £ | £ | £ | £ |
| Donation and legacies (note 1) | 230 | - | 230 | 515 |
| Grants, subscriptions and Gift Aid (note 2) | 7,563 | - | 7,563 | 6,739 |
| Investment income, including rental (Note 3) | 15,420 | 316 | 15,736 | 14,550 |
| Fund raising (Note 4) | 2,079 | - | 2,079 | 1,940 |
| Total Income | 25,292 | 316 | 25,608 | 23,744 |
| Expenditure | ||||
| Direct charitable expenditure: | ||||
| Project expenditure | 1,812 | - | 1,812 | 6,405 |
| Other expenditure | - | - | - | 564 |
| Other expenditure: | ||||
| Management and administration of the charity (note 8) | 15,857 | 70 | 15,927 | 14,785 |
| Letting expenses | 873 | - | 873 | 746 |
| Sundry expenditure | - | - | - | 653 |
| Property expenditure | 190 | - | 190 | 1,050 |
| Depreciation | 4,378 | - | 4,378 | 5,217 |
| Total Expenditure | 23,110 | 70 | 23,180 | 29,420 |
| Net income/(expenditure) for the year | 2,182 | 246 | 2,428 | (5,676) |
| Other recognised gains and losses | ||||
| Gains/losses on investments: | ||||
| Realised | (3,534) | - | (3,534) | (756) |
| Net movement in Funds | 591 | 1,172 | 1,763 | (6,371) |
| Funds balances brought forward at 1 April 2001 | 296,992 | 6,755 | 303,747 | 310,118 |
| Fund balances carried forward at 31 March 2002 |
297,583 | 7,927 | 305,510 | 303,747 |
BALANCE SHEET AS AT 31st MARCH 2002
| Notes | 31 March 2002 £ |
31 March 2002 £ |
31 March 2001 £ |
31 March 2001 £ | |
| Fixed assets | |||||
| Tangible assets(leasehold, building, functional - office, investment - 2flats) |
7 | 175,261 | 179,522 | ||
| Investments(equity, bonds) | 8 | 115,119 | 116,043 | ||
| 290,380 | 295,565 | ||||
| Current assets | |||||
| Stocks | 9 | 624 | 365 | ||
| Debtors | 10 | 779 | 1,636 | ||
| Cash at bank and in hand | 15,137 | 8,796 | |||
| 16,540 | 10,797 | ||||
| Creditors: | |||||
| amounts falling due within one year | 11 | (1,410) | (2,615) | ||
| Net current assets | 15,130 | 8,182 | |||
| NET ASSETS | 305,510 | 303,747 | |||
| FUNDS | |||||
| Unrestricted | 12 | 297,583 | 296,992 | ||
| Restricted | 12 | 7,927 | 6,755 | ||
| 305,510 | 303,747 | ||||
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 Roger Backhouse
(Council Member)
2002
signed Captain I F Grant
(Council Member)
2002