THE CITY OF WINCHESTER TRUST LIMITED
REPORT OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED
31 MARCH 2016
| Unrestricted Funds 2016 |
Restricted Funds 2016 |
Total Funds 2016 |
Total Funds 2015 | |
| Incoming Resources: | £ | £ | £ | £ |
| Generating Funds | ||||
| Voluntary income (note 2) | 5,249 | - | 5,249 | 2,572 |
| Activities for generating funds (note 3) | 1,493 | - | 1,493 | 2,031 |
| Investment income (Note 4) | 22,667 | 415 | 23,082 | 19,971 |
| Charitable Activities (Note 5) | 1,596 | - | 1,596 | 1,572 |
| Other incoming resources (Note 6) | - | - | - | 660 |
| Total Incoming Resources | 31,005 | 415 | 31,420 | 29,761 |
| Resources Expended (note 7) | ||||
| Cost of generating funds | ||||
| Costs of generating voluntary income | 495 | - | 495 | 704 |
| Fundraising trading | ||||
| Costs of goods sold & other costs | 1,204 | - | 1,204 | 1,138 |
| Investment Management costs | 8,615 | - | 8,615 | 4,467 |
| Charitable Activities | 19,354 | 150 | 19,504 | 15,754 |
| Governance Costs | 5,759 | - | 5,759 | 4,601 |
| Net Resources Expended | 35,427 | 150 | 35,577 | 26,664 |
| Net Incoming Resources | (4,422) | 265 | (4,157) | 3,097 |
| Gains/Losses on Investment Assets (net) | (7,817) | (1,288) | (9,105) | 9,556 |
| Net Movement in Funds | (12,239) | (1,023) | (13,262) | (12,653) |
| Funds balances brought forward at 1 April 2015 | 688,756 | 10,848 | 699,604 | 686,951 |
| Fund balances carried forward at 31 March 2016 |
676,517 | 9,825 | 686,342 | 699,604 |
| Notes | 31 March 2016 £ |
31 March 2016 £ |
31 March 2015 £ |
31 March 2015 £ | |
| Fixed assets | |||||
| Tangible assets | 10 | 488,774 | 479,554 | ||
| Investments | 11 | 175,020 | 184,118 | ||
| 663,794 | 663,672 | ||||
| Current assets | |||||
| Stocks | 12 | 2,267 | 4,085 | ||
| Debtors | 13 | 3,438 | 2,012 | ||
| Cash on deposit and at bank | 22,086 | 34,603 | |||
| 27,791 | 40,700 | ||||
| Creditors | 14 | (5,243) | (4,768) | ||
| Net curent assets | 22,548 | 35,932 | |||
| NET ASSETS | 686,342 | 699,604 | |||
| FUNDS | |||||
| Unrestricted - designated | 15 | 654,722 | 653,573 | ||
| Unrestricted - undesignated | 15 | 21,795 | 35,183 | ||
| 676,517 | 686,756 | ||||
| Restricted | 15 | 9,825 | 10,848 | ||
| 686,342 | 699,604 | ||||
Total designated funds include a properly revaluation reserve of £302,414 (2015: £302,414)
The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.
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 2016 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)
5 July 2016
signed N W Gibbins
(Hon. Treasury)
5 July 2016