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THE CITY OF WINCHESTER TRUST LIMITED
REPORT OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED
31 MARCH 2013

  Unrestricted
Funds
2013
Restricted
Funds
2013
Total
Funds
2013
Total
Funds
2012
Incoming Resources:
Generating Funds        
Voluntary income (note 2) 6,990 - 6,990 7,974
Activities for generating funds (note 3) 2,048 - 2,048 2,062
Investment income (Note 4) 19,512 400 19,912 19,818
Charitable Activities (Note 5) 48,424 - 48,424 26,793
Other incoming resources (note 6)   -   -   -   576
         
Total Incoming Resources 76,974 400 77,374 57,223
         
Resources Expended (note 7)        
Cost of generating funds        
  Costs of generating voluntary income 595 - 595 470
Fundraising trading        
  Costs of goods sold & other costs 1,067 - 1,067 1,014
Investment Management costs 3,661 - 3,661 2,759
Charitable Activities 71,322 - 71,322 46,047
Governance Costs 4,564 - 4,564 4,393
Net Resources Expended 81,209 - 81,209 54,683
         
Net Incoming Resources (4,235) 400 (3,835) 2,540
Gains on Revaluation of Property 102,440 - 102,440 -
Gains/Losses on Investment Assets (net) 12,515 784 13,299 1,838
         
Net Movement in Funds 110,720 1,184 111,904 4,378
         
Funds balances brought forward at 1 April 2012 579,352 8,022 587,374 582,996
         
Fund balances carried forward
at 31 March 2013
690,072 9,206 699,278 587,374


Note: The Energy Savings Trust project completed in 2012/13, undertaken by The City of Winchester Trust Ltd. in conjunction with WinACC (Winchester Action on Climate Change), who managed the project, appears in the accounts as both Income and Resources Expended in the amounts of 47,596 in 2013 (24,508 in 2012).

  Notes 31 March 2013
31 March 2013
31 March 2012
31 March 2012
Fixed assets          
Tangible assets 10   480,007   380,725
Investments 11   177,245 162,296
      657,252   543,021
           
Current assets  
Stocks 12 392 570
Debtors 13 2,673   4,591  
Cash on deposit and at bank 42,838 42,672
    45,903   47,833  
           
Creditors 14 (3,877) (3,480)
           
Net curent assets 42,026   44,353
NET ASSETS     699,278   587,374
           
           
FUNDS  
Unrestricted - designated 15 648,788 535,736
Unrestricted - undesignated 15 41,284 43,616
      690,072   579,352
Restricted 15 9,206   8,022
      699,278   587,374
           

Total designated funds include a properly revaluation reserve of 302,414 (2012: 222,414)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2013.

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 2013 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 K. Leaman
(Chairman)
2nd July 2013

signed P H Radcliffe
(Hon. Treasury)
2nd July 2013