Trust Annual Report 2020

 

THE CITY OF WINCHESTER TRUST LIMITED REPORT OF THE COUNCIL AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2020

 

  Unrestricted
Funds
2020
Restricted
Funds
2020
Total
Funds
2020
Total
Funds
2019
Income from: £ £ £ £
Other Donations (Note 2) 8,755 - 8,775 8,816
Charitable Activities (Note 3) 6,551 - 6,551 7,137
Other trading activities (Note 4) 1,900 - 1,900 1,595
Investment income (Note 5) 23,534 434 23,968 23,695
         
Total Income 40,740 434 41,174 41,244
         
Expenditure on (Note 6)        
Raising funds 9,458 - 9,458 9,776
Charitable Activities 32,586 220 32,806 31,668
Total Expenditure 42,044 220 42,264 41,444
         
Net Gains/(Losses) on Investment Assets (31,025) (2,148) (33,173) 6,148
         
Net Movement in Funds (32,329) (1,934) (34,263) 5,948
         
Reconciliation of funds:        
         
Total funds brought forward at 1 April 2019 744,291 12,202 756,493 750,545
         
Total funds carried forward
at 31 March 2020
711,962 10,268 722,230 756,493

 

  Notes 31 March 2020
£
31 March 2020
£
31 March 2019
£
31 March 2019
£
Fixed assets          
Tangible assets 9   500,807   495,811
Investments 10   184,779   218,594
      685,586   714,405
           
Current assets          
Stocks 11 948   1,625  
Debtors 12 6,829   2,553  
Cash on deposit and at bank   36,092   42,564  
      43,869     46,742  
           
Creditors 13 (7,225)   (4,654)  
           
Net curent assets     36,644   42,088
NET ASSETS     722,230   756,493
           
           
FUNDS          
Unrestricted - designated 14 678,790   704,334  
Unrestricted - undesignated 14 33,172   39,957  
      711,962   744,291
Restricted     10,268   12,202
      722,230   756,493
           

 

Total designated funds include a properly revaluation reserve of £317,414 (2018: £317,414)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

 

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 2020 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)

22 July 2020

 

signed N W Gibbins

(Hon. Treasury)

22 July 2020