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THE CITY OF WINCHESTER TRUST LIMITED
REPORT OF THE COUNCIL AND FINANCIAL STATEMENTS FOR THE YEAR ENDED
31 MARCH 2003

NOTES TO THE ACCOUNTS

  Unrestricted
Funds
Restricted
Funds
31 March 2003 31 March 2002
£ £ £ £
1 DONATIONS AND LEGACIES
Donations 377   377 30
Legacies - - - 200
  377   377 230
         
2 GRANTS, SUBSCRIPTIONS AND GIFT AID £ £ £ £
         
Grants 1,000   1,000 1,000
Subscriptions 5,411   5,411 6,033
Gift Aid 1,210   1,210 530
  7,621   7,621 7,563
         
3 INVESTMENT INCOME £ £ £ £
         
Dividends 5,170 323 5,493 5,569
Interest 450 - 450 267
Rental income 9,675   9,675 9,900
  15,295 323 15,618 15,736
         
4 FUND RAISING INCOME £ £ £ £
         
Sale of books and cards 2,146   2,146 1,906
Walks 353   353 609
  2,769 - 2,769 2,515
         
5 COSTS OF GENERATING FUNDS £ £ £ £
         
Purchase books and cards 755   755 239
Walks 70   70 197
  825 - 825 436
         


  31 March 2003 31 March 2002
6 NET INCOME/(EXPENDITURE)    
(a) Net Income/(expenditure) is stated after charging:
  £ £
  Depreciation 3,899 4,378
  Staff costs 6,722 6,113
  Auditors Remuneration - auditors 2,000 1,998
                 - other services 468 437
  13,089 12,926
     
(b) Particulars of staff:    
The City of Winchester Trust Limited has one part-time member of staff    
     
(c) Management and administration costs include: 31 March 2003 31 March 2002
  £ £
   Telephone and internet 757 803
   Postage, stationery and printing 1,549 1,838
   Cleaning 345 162
   Light and heat 655 634
   Salaries 6,722 6,133
   Audit and Accountancy 2,468 2,436
   Computer development and training 917 -
   Insurance 773 845
   Subscriptions 205 25
   Meeting costs 1,032 1,480
   Bank and Broker charges 756 909
   Equipment repairs 402 79
   Sundry expenses 79 364
   Rates and water 118 (563)
   irrecoverable tax - 661
     
Per statement of financial activities 16,647 15,927