THE CITY OF WINCHESTER TRUST LIMITED
REPORT OF THE COUNCIL AND FINANCIAL STATEMENTS FOR THE YEAR ENDED
31 MARCH 2002
NOTES TO THE ACCOUNTS
| Unrestricted Funds |
Restricted Funds |
31 March 2002 | 31 March 2001 | |
| £ | £ | £ | £ | |
| 1 DONATIONS AND LEGACIES | ||||
| Donations | 30 | 30 | 15 | |
| Legacies | 200 | - | 200 | 500 |
| 230 | 230 | 515 | ||
| 2 GRANTS, SUBSCRIPTIONS AND GIFT AID | £ | £ | £ | £ |
| Grants | 1,000 | 1,000 | 3,000 | |
| Subscriptions | 6,033 | 6,033 | 3,739 | |
| Gift Aid | 530 | 530 | - | |
| 7,563 | 7,563 | 6,739 | ||
| 3 INVESTMENT INCOME | £ | £ | £ | £ |
| Dividends | 5,253 | 316 | 5,569 | 5,777 |
| Interest | 267 | - | 267 | 198 |
| Rental income | 9,900 | 9,900 | 8,575 | |
| 15,420 | 316 | 15,736 | 14,550 | |
| 4 FUND RAISING INCOME | £ | £ | £ | £ |
| Sale of books and cards | 1,667 | 1,667 | 1,360 | |
| Walks | 412 | 412 | 563 | |
| Other | - | - | - | 17 |
| 2,079 | - | 2,079 | 1,940 | |
5 FIXED ASSETS
| Tangible assets | |
| £ | |
| Cost | |
| At 1 April 2001 | 197,981 |
| Additions | 117 |
| At 31 March 2002 | 198,098 |
| Depreciation | |
| At 1 April 2001 | 18,459 |
| Charge for the year | 4,378 |
| At 31 March 2002 | 22,837 |
| Investments | |
| Listed investments | 112,057 |
| Cash balances | 3,062 |
| 115,119 | |
| Listed investments | |
| Market value at 1 April 2001 | 115,927 |
| Purchases | 45 |
| Sales proceeds | (3,250) |
| Realised investment losses | (3,534) |
| Unrealised investment profit | 2,869 |
| Market value at 31 March 2002 | 112,057 |
| 6 NET INCOME/(EXPENDITURE) | ||
| (a) Net Income/(expenditure) is stated after charging: | 2002 | 2001 |
| £ | £ | |
| Depreciation | 4,378 | 5,217 |
| Staff costs | 6,113 | 5,189 |
| Auditors Remuneration - auditors | 1,998 | 2,500 |
| - other services | 437 | 250 |
| 12,926 | 13,156 | |
| (b) Particulars of staff: | ||
| The City of Winchester Trust Limited has one part-time member of staff | ||
| (c) Current Projects: | ||
| Newsletters | ||
| Policy Group | ||
| Development Control | ||
| Friarsgate | ||
| Communications | ||
| Publicity | ||
| Neighbourhood Studies | ||
| Membership | ||
| Railings | ||
| Housing of Model Winchester | ||
| (d) Management and administration costs include: | 2002 | 2001 |
| £ | £ | |
| Telephone | 803 | 897 |
| Postage, stationery and printing | 1,838 | 1,864 |
| Cleaning | 162 | 314 |
| Light and heat | 634 | 600 |
| Salaries | 6,133 | 5,189 |
| Audit and Accountancy | 2,435 | 2,545 |
| Legal fees and broker charges | - | 1,014 |
| Insurance | 845 | 758 |
| Subscriptions | 25 | 133 |
| Meeting costs | 1,480 | 1,133 |
| Bank and Broker charges | 909 | 338 |
| Equipment repairs | 221 | - |
| Sundry expenses | 364 | - |
| Rates and water | (563) | - |
| Property expenditure | 190 | 1,050 |
| irrecoverable tax | 661 | - |
| Per statement of financial activities | 16,117 | 15,835 |
| Less: property costs | 190 | 1,050 |
| 15,927 | 14,785 |