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THE CITY OF WINCHESTER TRUST LIMITED
REPORT OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED
31 MARCH 2011

  Unrestricted
Funds
2011
Restricted
Funds
2011
Total
Funds
2011
Total
Funds
2010
Incoming Resources: £ £ £ £
Generating Funds        
Voluntary income (note 2) 8,894 - 8,894 6,314
Activities for generating funds (note 3) 2,250 - 2,250 2,223
Investment income (Note 4) 18,088 391 18,479 17,466
Charitable Activities (Note 5) 3,899 - 3,899 13,010
Other incoming resources (note 6)   -   -   -   758
         
Total Incoming Resources 33,131 391 33,522 39,771
         
Resources Expended (note 7)        
Cost of generating funds        
  Costs of generating voluntary income 448 - 448 444
Fundraising trading        
  Costs of goods sold & other costs 996 - 996 1,057
Investment Management costs 3,922 - 3,922 2,327
Charitable Activities 20,814 147 20,961 30,755
Governance Costs 4,393 - 4,393 4,128
Net Resources Expended 30,570 147 30,717 38,711
         
Net Incoming Resources 2,561 244 2,805 1,060
Gains on Investment Assets (net) 4,413 875 5,288 27,550
         
Net Movement in Funds 6,974 1,119 8,093 28,610
         
Funds balances brought forward at 1 April 2010 567,901 7,002 574,903 546,293
         
Fund balances carried forward
at 31 March 2011
574,875 8,121 582,996 574,903


  Notes 31 March 2011
£
31 March 2011
£
31 March 2010
£
31 March 2010
£
Fixed assets          
Tangible assets 10   385,636   388,921
Investments 11   159,087 132,639
      544,723   521,560
           
Current assets  
Stocks 12 864 901
Debtors 13 3,998   3,624  
Cash on deposit and at bank 35,131 51,042
    39,993   55,567  
           
Creditors 14 (1,720) (2,224)
           
Net curent assets 38,273   53,343
NET ASSETS     582,996   574,993
           
           
FUNDS  
Unrestricted - designated 15 537,333 515,285
Unrestricted - undesignated 15 37,542 52,616
      574,875   567,901
Restricted 15 8,121   7,002
      582,996   574,993
           

Total designated funds include a properly revaluation reserve of £222,414 (2010: £222,414)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2011.

The Council has confirmed that no notice has been deposited requiring the company to obtain an audit of its financial statements for the year ended 31 March 2011 in accordance with Section 476 of the Companies Act 2006.

These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities (effective April 2008)

ON BEHALF OF THE COUNCIL

signed I A D Patton
(Chairman)
5th July 2011

signed P H Racliffe
(Hon. Treasury)
5th July 2011