THE CITY OF WINCHESTER TRUST LIMITED
REPORT OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED
31 MARCH 2017
| Unrestricted Funds 2017 |
Restricted Funds 2017 |
Total Funds 2017 |
Total Funds 2016 | |
| Income from: | £ | £ | £ | £ |
| Donations and legacies | ||||
| Legacy (Miss M. E. Bishop) | 20,000 | - | 20,000 | - |
| Other donations (Note 2) | 6,015 | - | 6,015 | 5,249 |
| Charitable Activities (Note 3) | 2,032 | - | 2,032 | 1,596 |
| Other trading activities (Note 4) | 1,728 | - | 1,728 | 1,493 |
| Investment income (Note 5) | 25,917 | 416 | 26,333 | 23,082 |
| Total Income | 55,692 | 416 | 56,108 | 31,420 |
| Expenditure on (Note 6) | ||||
| Raising funds | 10,151 | - | 10,151 | 10,314 |
| Charitable Activities | 26,560 | - | 26,560 | 25,263 |
| Total Expenditure | 36,711 | - | 36,711 | 35,577 |
| Net Gains/(Losses) on Investment Assets | 23,855 | 1,075 | 24,930 | (9,105) |
| Net Movement in Funds | 42,836 | 1,491 | 44,327 | (13,262) |
| Reconciliation of funds: | ||||
| Total funds brought forward at 1 April 2016 | 676,517 | 9,825 | 686,342 | 699,604 |
| Total funds carried forward at 31 March 2017 |
719,353 | 11,316 | 730,669 | 686,342 |
| Notes | 31 March 2017 £ |
31 March 2017 £ |
31 March 2016 £ |
31 March 2016 £ | |
| Fixed assets | |||||
| Tangible assets | 9 | 485,330 | 488,774 | ||
| Investments | 10 | 199,618 | 175,020 | ||
| 684,948 | 663,794 | ||||
| Current assets | |||||
| Stocks | 11 | 2,220 | 2,267 | ||
| Debtors | 12 | 22,099 | 3,438 | ||
| Cash on deposit and at bank | 29,190 | 22,086 | |||
| 53,509 | 27,791 | ||||
| Creditors | 13 | (7,788) | (5,243) | ||
| Net curent assets | 45,721 | 22,548 | |||
| NET ASSETS | 730,669 | 686,342 | |||
| FUNDS | |||||
| Unrestricted - designated | 14 | 674,388 | 654,722 | ||
| Unrestricted - undesignated | 14 | 44,965 | 21,795 | ||
| 719,353 | 676,517 | ||||
| Restricted | 14 | 11,316 | 9,825 | ||
| 730,669 | 686,342 | ||||
Total designated funds include a properly revaluation reserve of £302,414 (2016: £302,414)
The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.
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 2017 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 Charities Statement of Recommended Practice (FRS 102)
ON BEHALF OF THE COUNCIL
signed K. Leaman
(Chairman)
3 July 2018
signed N W Gibbins
(Hon. Treasury)
3 July 2018