Trust Annual Report 2010

 

THE CITY OF WINCHESTER TRUST LIMITED REPORT OF THE COUNCIL AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2010

 

  Unrestricted
Funds
2010
Restricted
Funds
2010
Total
Funds
2010
Total
Funds
2009
Incoming Resources: £ £ £ £
Generating Funds        
Voluntary income (note 2) 6,314 - 6,314 8,580
Activities for generating funds (note 3) 2,223 - 2,223 2,366
Investment income (Note 4) 17,072 394 17,466 20,004
Charitable Activities (Note 5) 3,010 10,000 13,010 2,391
Other incoming resources (note 6)   758   -   758   (10)
         
Total Incoming Resources 29,377 10,394 39,771 33,331
         
Resources Expended (note 7)        
Cost of generating funds        
  Costs of generating voluntary income 444 - 444 397
Fundraising trading        
  Costs of goods sold & other costs 1057 - 1,057 892
Investment Management costs 2,327 - 2,327 3,198
Charitable Activities 19,211 11,544 30,755 16,909
Governance Costs 4,128 - 4,128 3,875
Total Resources Expended 27,167 11,544 38,711 25,271
         
Net Incoming Resources 2,210 (1,150) 1,060 8,060
Gains/(Losses) on Investment Assets (net) 25,454 2,096 27,550 (23,967)
         
Net Movement in Funds 27,664 946 28,610 (15,992)
         
540,237 6,056 546,293 562,285
         
Fund balances carried forward
at 31 March 2010
567,901 7,002 574,903 546,293

 

  Notes 31 March 2010
£
31 March 2010
£
31 March 2009
£
31 March 2009
£
Fixed assets          
Tangible assets 10   388,921   394,375
Investments 11   132,639   104,596
      521,560   498,971
           
Current assets          
Stocks 12 901      
Debtors 13 3,624   3,455  
Cash on deposit and at bank   51,042   44,761  
    55,567   49,214  
           
Creditors 14 (2,224)   (1,892)  
           
Net curent assets     53,343   47,322
NET ASSETS     574,903   546,293
           
           
FUNDS          
Unrestricted - designated 15 515,285   494,705  
Unrestricted - undesignated 15 52,616   45,532  
      567,901   540,237
Restricted 15   7,002   6,056
      574,903   546,293
           

 

Total designated funds include a properly revaluation reserve of £222,414 (2009: £222,414)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2010.

 

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 2010 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)

6th July 2010

 

signed P H Racliffe

(Hon. Treasury)

6th July 2010