THE CITY OF WINCHESTER TRUST LIMITED
REPORT OF THE COUNCIL AND FINANCIAL STATEMENTS FOR THE YEAR ENDED
31 MARCH 2004
FURTHER NOTES TO THE ACCOUNTS
8 TANGIBLE FIXED ASSETS
| Leasehold Property |
Fixtures and fittings |
Office Equipment |
Total | |
| £ | £ | £ | £ | |
| Cost and valuation (V) | (V) | |||
| At 1 April 2003 | 356,955 | 15,772 | 10,525 | 383,252 |
| Additions | - | - | - | - |
| At 1 April 2004 | 356,955 | 15,772 | 10,525 | 383,252 |
| Depreciation | ||||
| At 1 April 2003 | 6,955 | 3,764 | 9,145 | 26,736 |
| Charge for the year | 3,764 | 1,284 | 345 | 5,393 |
| At 31 March 2004 | 10,719 | 11,920 | 9,490 | 32,129 |
| Net Book Value | ||||
| At 31 March 2004 | 346,236 | 3,852 | 1,035 | 351,123 |
| At 31 March 2003 | 350,000 | 5,136 | 1,380 | 356,516 |
The leasehold property was revalued at 31 March 2003 by the Council.
9 FIXED ASSET INVESTMENTS
| 31 March 2004 | 31 March 2003 | |
| £ | £ | |
| Listed investments | 99,380 | 89,665 |
| Cash balances | 6,185 | 5,605 |
| 105,565 | 95,270 | |
| Listed investments | ||
| Market value at 1 April 2003 | 89,665 | 112,057 |
| Additions | 39,704 | 985 |
| Disposals | (39,539) | 2,074 |
| Change in market value | 9,550 | 21,303 |
| Market value at 31 March 2004 | 99,380 | 89,665 |
| Historical cost at 31 March 2004 | 90,780 | 83,844 |
10 STOCKS
| 31 March 2004 | 31 March 2003 | |
| £ | £ | |
| Goods purchased for resale | 190 | 659 |
| (Christmas cards, notecards, publications) | ||
11 DEBTORS
| £ | £ | |
| Due within one year: | ||
| Other debtors | 278 | 240 |
| Prepayments | 734 | 662 |
| 1,012438 | 902 |
12 CREDITORS
| £ | £ | |
| Due within one year: | ||
| Accruals | 1,175 | 1,998 |
| 1,175 | 1,998 |
13 ANALYSIS OF FUNDS
| Tangible fixed assets | Investments | Total designated funds | Undesignated revenue funds | Total | |
| £ | £ | £ | £ | £ | |
| Unrestricted Funds | 351,123 | 99,734 | 450,857 | 16,568 | 467,425 |
| Restricted fund: Alder | 5,831 | 5,831 | |||
| Total funds | 351,123 | 105,565 | 473,256 | ||
Included in unrestricted funds are investments amounting to £5,304, 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. Included in unrestricted funds is cash to the amount of £2,596 set aside for the purpose of maintaining property.
14 COMMITMENTS FOR FUTURE EXPENDITURE
There were no material commitments either at the beginning or at the end of the year.