THE CITY OF WINCHESTER TRUST LIMITED
REPORT OF THE COUNCIL AND FINANCIAL STATEMENTS FOR THE YEAR ENDED
31 MARCH 2002
FURTHER NOTES TO THE ACCOUNTS
7 TANGIBLE FIXED ASSETS
| Leasehold Property |
Fixtures and fittings |
Office Equipment |
Total | |
| £ | £ | £ | £ | |
| Cost | ||||
| At 1 April 2001 | 172,586 | 15,772 | 9,623 | 197,981 |
| Additions | - | - | 117 | 117 |
| At 31 March 2002 | 172,586 | 15,772 | 9,740 | 198,098 |
| Depreciation | ||||
| At 1 April 2001 | 3,486 | 6,641 | 8,332 | 18,459 |
| Charge for the year | 1,743 | 2,283 | 352 | 4,378 |
| At 31 March 2002 | 5,229 | 8,924 | 8,684 | 22,837 |
| Net Book Value | ||||
| At 31 March 2002 | 167,357 | 6,848 | 1,056 | 175,261 |
| At 31 March 2001 | 169,100 | 9,131 | 1,291 | 179,522 |
8 FIXED ASSET INVESTMENTS
| 31 March 2002 | 31 March 2001 | |
| £ | £ | |
| Listed investments | 112,057 | 115,927 |
| Cash balances | 3,062 | 116 |
| 115,119 | 116,043 | |
| Listed investments | ||
| Market value at 1 April 2001 | 115,927 | 112,667 |
| Purchases | 45 | 9,269 |
| Sales proceeds | (3,250) | (5,315) |
| Realised investment profits/(losses) | (3,534) | 61 |
| Unrealised investment profit/(losses) | 2,869 | (755) |
| Market value at 31 March 2002 | 112,057 | 115,927 |
| Historical cost as at 31 March 2002 | 86,056 | 92,840 |
| £ |
9 STOCKS
| 31 March 2002 | 31 March 2001 | |
| £ | £ | |
| Goods putrchased for resale (Leaflets,Christmas Cards, notelets) | 624 | 365 |
10 DEBTORS
| 31 March 2002 | 31 March 2001 | |
| £ | £ | |
| Due within one year: | ||
| Other debtors | 241 | 991 |
| Prepayments | 538 | 645 |
| 779 | 1,636 |
11 CREDITORS
| £ | £ | |
| Due within one year: | ||
| Accruals and deferred income | 1,410 | 2,500 |
| Other taxes and social security | - | 115 |
| 1,410 | 2,615 |
12 ANALYSIS OF FUNDS
| Tangible fixed assets | Investments | Net current assets | Total | |
| £ | £ | £ | £ | |
| Restricted fund: Alder | - | 7,927 | - | 7,927 |
| Unrestricted Funds | 172,561 | 107,193 | 17,829 | 297,583 |
| Total funds | 172,561 | 115,120 | 17,829 | 305,610 |
The Trust received a legaccy of |£200 during the year. The use of the legacy is not restricted.
Included in unrestricted funds are investments amounting to £2,954 which are designated funds set aside for the purpose of replacing the Trust‘s premises on expiry of the lease. lt is the Trust's intention to set aside money each year for this purpose (Sinking Fund).
13 COMMITMENTS
There were no commitments.