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

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 2012 395,000 22,448 12,150 429,598
Additions - 2,310 976 3,286
At 1 April 2013 475,000 24,758 13,126 512,884
         
Depreciation        
At 1 April 2012 17,952 19,231 11,690 48,873
Charge for the year 4,488 1,382 574 6,444
Revaluation gain (22,440) - - (22,440)
At 31 March 2013 - 20,613 12,264 32,877
         
Net Book Value        
At 31 March 2013 475,000 4,145 862 480,007
         
At 31 March 2012 377,048 3,217 460 380,725

Leasehold property included at valuation would have been included on a historical cost basis at 31 March 2013 with Cost £172,586, Depreciation to date £24,913 and Net Book Value £147,673.

The leasehold property was revalued at 31 March 2013 by Carter Jonas, surveyors and valuers.

11 FIXED ASSET INVESTMENTS

  31 March 2013 31 March 2012
  £ £
Listed investments 148,015 156,296
Cash balances 29,230 6,000
  177,245 162,296
Listed investments    
Market value at 1 April 2012 156,296 154,314
Additions 28,979 144
Disposals (50,559) -
Change in market value 13,299 1,838
Market value at 31 March 2013 148,015 156,296
     
Historical cost at 31 March 2013 100,170 119,461

12 STOCKS

  31 March 2013 31 March 2012
  £ £
Goods purchased for resale 392 579
(Christmas cards, notecards, publications)    
     

13 DEBTORS

  £ £
Due within one year:    
Other debtors 1,633 3,655
Prepayments 1,040 936
  2,673 4,591

14 CREDITORS

  £ £
Due within one year:    
Accruals 3,877 3,480
  3,877 3,480

15 ANALYSIS OF FUNDS

         
Unrestricted Funds        
Designated Funds        
    Tangible Fixed Assets 480,007   380,725  
    investments* 159,175   144,753  
    Extraordinary repair fund 8,864   9,521  
    Chippingdale Fund for Education 742   737  
    Total Designated Funds   648,788   535,736
         
Undesignated funds   41,284   43,616
Restricted Fund        
   Alder bequest re Trust Archives   9,206   8,022
    699,278   587,374

*included in unrestricted funds are investments amounting to £14,645 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 policy to hold the fund for the duration of the 99 year lease.

16 COMMITMENTS FOR FUTURE EXPENDITURE

There were no material commitments either at the beginning or at the end of the year.