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 |