THE CITY OF WINCHESTER TRUST LIMITED
REPORT OF THE COUNCIL AND FINANCIAL STATEMENTS FOR THE YEAR ENDED
31 MARCH 2006
FURTHER NOTES TO THE ACCOUNTS
10 TANGIBLE FIXED ASSETS
| Leasehold Property |
Fixtures and fittings |
Office Equipment |
Total | |
| £ | £ | £ | £ | |
| Cost and valuation (V) | (V) | |||
| At 1 April 2005 | 356,955 | 15,772 | 10,525 | 383,252 |
| Additions | - | - | - | - |
| At 1 April 2006 | 356,955 | 15,772 | 10,525 | 383,252 |
| Depreciation | ||||
| At 1 April 2005 | 14,483 | 12,883 | 9,749 | 37,115 |
| Charge for the year | 3,764 | 722 | 194 | 4,680 |
| At 31 March 2006 | 18,247 | 13,605 | 9,943 | 41,795 |
| Net Book Value | ||||
| At 31 March 2006 | 338,708 | 2,167 | 582 | 341,457 |
| At 31 March 2005 | 342,472 | 2,889 | 776 | 346,137 |
The leasehold property was revalued at 31 March 2003 by the Council.
11 FIXED ASSET INVESTMENTS
| 31 March 2006 | 31 March 2005 | |
| £ | £ | |
| Listed investments | 125,699 | 109,699 |
| Cash balances | 3,841 | 3,459 |
| 129,540 | 113,158 | |
| Listed investments | ||
| Market value at 1 April 2005 | 109,699 | 99,380 |
| Additions | 145 | 30,363 |
| Disposals | - | (26,899) |
| Change in market value | 15,855 | 6,855 |
| Market value at 31 March 2006 | 125,699 | 109,699 |
| Historical cost at 31 March 2006 | 99,057 | 96,017 |
12 STOCKS
| 31 March 2006 | 31 March 2005 | |
| £ | £ | |
| Goods purchased for resale | 691 | 778 |
| (Christmas cards, notecards, publications) | ||
13 DEBTORS
| £ | £ | |
| Due within one year: | ||
| Grant receivable | 9,541 | - |
| Other debtors | 1,064 | 631 |
| Prepayments | 888 | 807 |
| 11,493 | 1,438 |
14 CREDITORS
| £ | £ | |
| Due within one year: | ||
| Accruals | 987 | 1,040 |
| 987 | 1,040 |
15 ANALYSIS OF FUNDS
| Unrestricted Funds | ||||
| Designated Funds | ||||
| Tangible Fixed Assets | 341,457 | 346,137 | ||
| investments | 119,800 | 106,266 | ||
| Chippingdale Fund for Education | 622 | - | ||
| Total Designated Funds | 461,879 | 452,403 | ||
| Undesignated funds | 17,533 | 16,410 | ||
| Restricted Fund | ||||
| Alder bequest re Trust Archives | 9,118 | 6,892 | ||
| 488,550 | 475,705 |
Included in unrestricted funds are investments amounting to £8,484 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.
16 COMMITMENTS FOR FUTURE EXPENDITURE
There were no material commitments either at the beginning or at the end of the year.