IIVO 11 1957 Annual Report and Accounts 2022
| CONTENTS | |
|---|---|
| Page | |
| Reference Information | 1 |
| Annual report of the Council | 3 |
| Independent Examiner's Report | 8 |
| Statement of fnancial activities | 9 |
| Balance Sheet | 10 |
| Notes forming part of the fnancial statements | 12 |
Links with other organisations:
Corporate member of:
Civic Voice Hampshire Buildings Preservation Trust Hampshire Archives Trust Hampshire Gardens Trust CPRE Hampshire Branch
City of Winchester Trust Ltd
The Heritage Centre, 32 Upper Brook Street, Winchester SO23 8DG Telephone 01962 851664
E-mail: secretary@cityofwinchestertrust.co.uk Website: www.cityofwinchestertrust.co.uk
THE crry 11lNCTrE8TER TRUST UIITED REPORT OF THE ¢OUNCIL AND FINANCLAL STATEMENTS FOR THE YEAR ENOED JI ¥AR¢N 2022 REFERENCE ANO AtMIWlSTIIATIVE Il&eORILAT Reg18tsrnd th• ¢h•rfty ChArlty H1¢1 251796 OFFICERS ANO IIEMBERS OF COUNCIL PRESIOEI VICE PRESIDENT8 Sir Donald Iall CBE FS4 RWA FR1&4 FRTPI SP Lipl IHon•l Ireiryl 20221 Antmy Skinw RN ¢OUNCIL IIEIIBER8 CHAIRIAAN K Lumln RIBA. VICE ¢HAIR¥EII C•rden IABE AI IAOP¥llm" IIONORARY TREA8URER OTMER COUNCIL MeMoERS B Br¥1 MA ((Try 20211 i J PASC Mrn J M Rth oeE ser1ber 2tr211 J Stannirvj BA. COIIPANY secREfAKf Memr5 oflhe FinanL and Rewxces *O¢•ted by an.
ThE CITY OF IMNCHESTER TRUST UkllTED REPORT OF THE COUNCIL AND FINANCIAL STATEIAENTS FOR THE YEAR ENDED 31 IAARCH 2022 COMPANY INFORIAATION REGISTERED OFFICE AND POSTAL ADORess Hampshire S023 INDEPENDENT EXAMINERS Buoar & Co Audrt Chartered AcrA)LVrtarts and Registéred ALrtorS Benrett H Ajresford HpShire $024 9BH BANKERS Bardays eank Flc Jv4ry Street rK*%ter Hampshire S023 8RG SOU¢ORs 23 St Peter5 Street nclster Hampshire S023 8BT INVESTMENT IAANAGERS House 32 Southgato Street Wnchester Hamp&hirE S023 9EH Fke P London EC2V 7AN
THE CITY OF WINCHESTER TRUST U¥ITED ANNUAL REPORT OF THE COUNCIL FOR THE YEAR ENOED 31 MARCH 2022 AS l am certain ev•ryW r¢c(wBes then to hm kntue twress by th? bcal uthonty in ro8thTrJ many oflhe d8k wes lhatnchESIer Buffers fr 8in¢e last yearf$ AGIA. To tr Ojrrt slual wi$ to te a t)rtsh1 exer8 at thi8 moment. that * June 2022. We have tegn gNen to lThJefs ty the kn¢al •LrttrWlhat tho ar•a 18 bThJ parcelled up wrth eath p•rc•l 99 rJt to tender at wrterv. t4en in1med that the overall plan followj Ihe wnt ol the SuFf4ementary Flanning OocAwn8nl ISPDI set out by John Thornpson and Part. ema The 8rte area Is eurrefttly on h¢Yd. th•r• IbJrwfic•rrt rnove that ah•r development propo8818 and that Ihat the Hampthty• RIctd OTre has rgcerfy teen ltsted. The site by thè ChLKch Crxnmissionern haB hJ vwiow kYroosaL8 fordtrrtlopynenl over the years. 11 Is in tha eurrent Pl a5 a PC4erthl doveWn¢nt area for employment use• subject lo a number of condrbon$ because rt 15 a( to ts a sensitive site. the recent governmont pjliaes corKxnirv4 thv kYeser¥alJn ol klIrte oYrKlors etc, ono do88 wonder whelhw Irrpxtant OFen whl to be r•cons#J8r¢d in the UkxJated local plan wrth th¢ firs¢ draft ijue to be wthhed f¢ycwtsuttknn ALVUSt or Septembgr of 2022.1 expect amy are likely to relirmwth this $rte in Iho nottogdi8tont lthur•. The has been a strategic plw $uggestsd fiythit site laryety fu hwsing. Whoihorthis is the right strategy for the srte is dfftull to uTrJer8tand. lor it rnvJht t¢ equawy u88ful lor some lomi of ernoYMent. Huvèv•r, bauSe there no ovwall strategy lo understand INnd)ester g[wa to wryk in thv lutur•, it 18 dffUrt to assess how the City k¥iN e8 over the next decade5. There are rumourn that bth the and th8 Prwi •ilo• w• for radKal upheaval. A fationaliq•d HosOal straiegy to rele knJ. The same akWS to th• Pri80n which we ur#Jwsiand COLa be rwmovoj aMoJets, rel yd land f redevelownent. Ifthffj A Ihe case, in i14$. TAthat rd th• b• dgv¢bwnent use ts these areas? If the traffidr pwkm9 Straw readw a ox)d10Th wh•rn Parng 18 banned from Central Imnchesler. then thew e$ ¥yJhJ teccffje a¥ailat4e for dO¥ent. So what 15 the long-term The kncal auth¢ has sxeduced a 8trategic rlan forthii area. Rec4rtty srthWlon has appr08ched nCheStercfy Council (WCCI to slatetheir int•re8t In wreha$iry part dthese 9rounds to dev•lgP their interests. We unders that Ihcc ar• •ncouwThJ t Untvty's approach whieh Wn8¥je by some nchester re8N1ents to b• unl&vftA. Curr8ntly lh¢ 6rtualSon 58 thal a group of HydE resvjents ho¥e wc*eediffjs in the Hvjh Court lor a judicial r•vi of oftr* wcpxath Ihat KC i• the Coun
THE crry OF MNCHESTER TRUST ulED ANNUAL REPORT OF THE COUNCIL FOR THE YEAR ENDED 31 IAARCH 2022 Icontinued has untA the end of Junvj ¢0 say whether it will resi51fv gr[d$ ts the revMv or n¢•Je som• all of the daims mad¥ •ThJ its F4 8. Local T TP4 Hampshi County Cwnel is in KW(ess on • Local Transport Plan. rectsJnising the need a tra[lcrnaElonat chary in tho apwo•th to tran5Wrt to achi•v• carbon reduction targets and fefied lrfestyle thwges acceKwated by the Cowd pandemic. The woposals in the draft pLqn Seem feasonat4e. tyJt traffK mov•ment 18 a drffv%k and thorny prO8m. th it will no doubl te a fom)Idab.hard nul, io 8¢k. Summ nni As you can see there is a wide range of wtential development 8rt•8 which 11 somehow hav8 to té integrated in ¥Mth the existiry Cty The Cty Vd h'kely to grow by at ast 25% and tho question is. how is it all goirvJ to be haT¥Jled? that doe$ rt mean for the histoncal core? Can this growth t used as an epF¥Ntunty to embrac• ¢xiry cwe Imwove laulth•8, improve the area for visitor expern. as tAEII as improwrvj whole aa for those vh The is. we unt1erstand an imwoved. Lpjated dwaft hxal Wlnchester and Digtn"ct in th ocess of being Fyepwed is e oui lor 114tn over fv xI lew months. This m go someway to imwov&th• cvrr•ntplanniro tools fordir•dirvJ th• way inwhith both Wnchest•r and District evolvo. Hfftv¢r, in ow onIOn a l¢xal plan does not provKle the ddail¢d analy$l$ ecessary to resolve 80me of t eomWex issues generatad by the sites with development potèntial. We have trRen asking ts a compre1se an for Wknchest•T for many years now. but have ahways i%en informed thal th¢1 is r1 necessary and ¢00 exFensive to rxoduce. Howevor. tho more you look into Imnchestefs yth)Is, the more SLKh a plan seems to t cntical. Th• question i5- do we sit bac aTrJ ar9 with KC every tim8 ¥ devesowent i8 launchgd. or is ev0e? Plami PAG any year5 ago Shiore Carden set plannirvj re¥ pwels to monrtor awltIOnS for dgvelopment wf(hin the Cty boundary. The system was Started during the 1980's and consisted of three teams of volunts•rs, •ath team vrith a chair plu$ an 8rthiteGt, to give profèssional guidance. This 8yStem with SIht vanations still operates today. We are grateful to these team8. They give a Considerab amount of their tim¢ and devotion lo evaluating appIltionS and makn'ng critical commentB where thought necssary sutmith'rKd tfm to the plannirrtJ department. In som& ea8•8. th¢ absen of rthvant dCvJffrtB on KC'S plannin9 POrt•l events a meaningfvl ovaluakn. a akn concwn•d to tyl$u that our comments on applicab.ons a (eleVt and have an inpacl. 8th $Ve5 have recerrtty teen discxtssed wth Donakj Irbsall Sir Donakl has be¢n on• ol txw ¥icwesi¢Jents 20 yews. and has t1euded it ts time to r•tive. We. of course, are Sad thal he ha$ madethi8 deo"8ion. trJt quite understand. He has be•n èxtrernely h¢lplul on th• many ¢asKIn$ ha¥e n••d•d to Mek trM8 Vi89 Jvice and w• wll rn185 him.
CtTY OF WINCHESTER TRUST UMITEO ANNUAL REPORT OF THE COUNCIL FOR THE YEAR ENDED 31 MARCH 2022 {continu•dl nlribulin to the Tru Firially, l should like tothank T80 Robertson for all the hard work she undertakes forthe Trust, I think l Can say on behaffof all of us, that hercortsjtr0n to the Trust is very much appreciated. 1 should also wish to thank all those who cothLwte both time and effort to the Trust affairs, 85 well as all those who support the Trust with rts erth8vour8 to get the besl we can for our great ty ofwnchester. Mem We are very eased to have recrurted 15 r*w members duriro the year taking the Trust's membership to 498 at the year end. In addrtion, have reuuf(ed tsvo new corporate rnemters. We will engage in the ccx)sultation on thè first draft of th¢ Cty ¢ounul'$ lo¢al an foi the period to 2039. We will continue to promote th& case for FThluction of a comprehensive uty-wide strategic plan We will support proposals for the rneran of the Central Area bas8d on the adopted SPD. Wlth the lrtj'ng of COVID r8sln"dion$, w¢ have restored a prcgramme of rn¢rnr events this summer, induding walks and vists. licB In setting objectives forlhe year. the Tru$l Council has given Careful consideration to the Charity Commission's general advi on pu1¢ benefft and is mindful of the need to report on how its aims have en achièvèd during the year. The Trust was founded in 1957 forthe purposes and objects set out later in this report. and continues to carry out woth in serving the public interest. Govemin Document The City of VnCheSter Trust Ltd. (the Trust) was founded in 1957 and incorporated as a Company limited by guarantee in 1958. As such it has no share capital. The liability ol individual m¢rnbers is limited to a sum not exceeding £10. It is govemed by its Memorandum and Article6 of Associth"on, whith were last amended in 2(D). The Trust registered a8 Company nurnber 00809812 and Charity Number 251798. ni I Stnjctu The Counal has responsibility for the management and control ol the Trust. However certain finanryal functions are delegated to the Finance and Resourc85 Committe8 and 9roup5 have been set up which report to Counril to deal wrth Management, Development, Communications and Membership issues. Council meMi5 are eknted for Ihree year¥ at the Annual General Meeting but may stand for re-election at the end of theirtem). Coundl memb8rs act a? truslees of the charity aThJ direct¢)rs of the company limited by guarantee.
TME CITY OF WINCHESTER TRUST UIAITED ANNUAL REPORT OF THE COUNCIL FOR THE YEAR ENDED 31 IAARCH 2022 leant1nd The Tt'S objects are fvlty doKn"tod in m•mornTh1) ofA•wdab)n. Try ¢gn be P#1Vo and prcleciiivj its tr¥JthJing8. 8px•8 and art•fact•,' Sponsonng and eru1801ng Ik11n9. redovelopment. londscaping and cons¢rvatK>n in adar wrth the hwest architectural standards.. The Investm•nt PtrW5 of the Counul are Iwven by the MernorarKlum and ArtKle8 of A680ciation. The investment objectives of th8 Tntsl ar• Io the Tmst's 88••ts to alowtha chrity the at4.lrty to finance rt¥ •¢tivths t>Jth w) Ihe SIK and W tern. Th? Trust's poly IB to of balan it8 investment8 In financaal instruments betsen actNe and passive investment approachtss. The adiv8 8Jtm8nt comwse5 invg$tmtrnts in Multi-88tfvndS m•naged by an in¥tment manager the passNe element CCfflFmes investments in low- C061 Exchange Trade¢1 FuThJ$. lor whth an investrntnt marwJer ads #S cJJstodian. In addthon. Port ol Trust's le¥8ehokJ proFerty. the flats ai 30 Upper Brook St. 15 held for invastrrwt PLypty. the rerrtal in¢orne rekYesents'n9 the main element ofthe Tru8t'8 annual income. Th• inv¢strngnt obJ¢¢tw thtr Trust'8 investrnents in finan(aal inBINment¥ is lo •¢hi•v a bdance betsveen p[t grrywth to Secu the Trust's knger4emi obl)¥e$ and inc g•neration to income, in thddrtron tts membwth"p SubS"ptl•, to finance rt8 cJJrrent The Tru¥t's policy is to 0pt a high risk of v(Aab"ltyt•thin ts invesbment porffolio. both in le3 ol caprtal value and income geneiati¢)n. aiming ovar tim&to achwvfr retums above the rate ol inflation. This poli¢y has adopted due to Ihe I0r returns rrenY availae on lower risk asset classes and the Trust's C4iacJty a$ a kJr¥J-t•m investor to accept temporary capital bss•$ a5 a resvtt ofllLthon5 in equrty markets. Tr Trust'5 investrn?nts ar¢ confined to Iist•d inveslments of a colknctNe natu. in order to achv• dNersffjth, the rtyk of p•mianent catal l¢)8s ariwrpJ frryn fv tthre of a ptthlar Company c* s•dL¥. The Trust adopts the policy of valU9 ts W0rtY every fve years, commenurvJ 31 March 2()J3, so that Trust's FYOF•rty was W r¥¥ed at 31 March 2018. The annual aczoLmts Sh the a5SètS 84"11be5 attrthrtatye to fvfids by type ond whi¢h aw apFxov$d bythe Counc41. Tr Counal tyans its exrtUre thIn available resourc8swhi18t maintaining reseNtss whlch gi5 the Truit Ibexibility lo ach¥8 its aims for the for88etabl• future.
THE crry OF ThlMCHESTER TRUST uIArrED ANNIIAL REPORT OF THE COUNCIL FOR THE YEAR ENDED 31 IAARCH 2022 (contlni The Counal has mi¥ed Its to ¥thiEh Ihe Tr1 ig a¥ Klentified by the ounc41 Res nsibiltht5 11 rs a requirement of ccfftplny the CixtrKI to prepxe finanL7al for each 8¢GntIng period. TW must gNe atrtB WKI farvieT ofthe State of affaÈrs ofthe TrtL8t and of the surplus or defitit that Thè Council must.. Prepare the finanrAal Statets baso that tho Tnt is 8 goiTrJ CoreM,. The Courttd FS responsth frjr keepirYJ proper acry)unt¥ig records whrch should be able to disclose al any time the finantr81 pjsrbon of Company arKI 8nabb the Counol to ensure assets ofthe Tru¥tand forta reason8Ne 18trthe arKI d8toction offraud and During the urKI9r¥wts Char#y has c4xnplBd 7•ith the W0ViskY oflts Chwities Act 2011. apwntn* Small Com This Report has been wepwed in aCcorf wilh ts sp1 w0vm1c of Part 15 of tho On behalfLrfth& K Lèam8n Chairnwi 29 Jvne 2022
THE crry OF bMNCHESTER TRUST UMITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 IAARCH 2022 INDEPENDENT EXAMINERS. REPORT TO THE MEMBERS ON THE UNAUOITED FINANCIAL STATEMENTS OF THE crry OF WINCHESTER TRUST UMITED Independent gxamlnees feport to the tru$te of The Clty of Ylineh•¥tor Tru•t Lknlted I report to the charty trustees on rny examnation of the acLounts of Tr City of Wnchester Trust Limited for the year ended 3111 March 2022. R•spactlve r•$ponslbiliti8s of Councll of Man•gement aTrd Examinors As the charity's trustees of the Company (who are also the dire¢tors of Ihe company for the purposes of Cornpany lawl, you a ponSIble for the preparation of the accounts in accordan with the requirements Of Ccnpanies Act 2( fthe 2C¥J6 Acfl. Havifflg satisfied rnysetfthat the accnts of the Company are not required to be audited forthi8 year undef Part 16 of the 2006 Act and are elvJit48 for independent examination, I report in respect of my examination of your charty's accounts as carried out under section 145 of the Charitvas Act 2011 1.the 2011 A1. In ¢arying out my examination, I have followed the Directio given by th• Charrty CMiSsion {under seclK)n 14951 Ibl ofthe 2011 ACL Indopendent •xamin•rfs statemont I have cornpleted my axarninabon. I confimi that rb) material matters have come to my attention whi¢h gives me cause to believe that". 11 aOUntIng Tecord8 wer8 not kept in a¢x4)rrfan v+ith sec1 386 of Iho Companies Act 20(,. or 21 the accounts do not a¢c4)rd witti such records.. or 31 the accounts do not Comply wrth levant accountiThJ requirements under section 396 of the Compani85 Act 21X other than any requirement that the accounts give a'tru8 and fair. view which not a matter Conside as part of an indeFendent examination,. or 4} the accounts h8v• not been prepared accordance with the Charthe8 SORP IFRS1021. I have no eonc8m8 and have o)me across no other rnatte in cOnne"On With the examination to which attention shoukl be dra%bn in this rert in crfder to enable a rxoper uThJerstanding of the accounts to be readd. .M Birtier FCA (Indepdent Examirerl 8uY*r & Co Audrt Limited Chartered Accountants •nd R•gist•red Audiior8 Bennett Houso The Dean Alre8forrl Hampshlre S024 #BH Date
THE crry OFMNCHesYER TrUST uMrrED FOR THE YEAR ENDED 31 klARCH 2022 Toial Fund 2022 Totsl Funds 2021 Funds X+22 Futhds In¢(•)•from: (Xher Don8Don¥ INe 2} CharilBbAcwthe$ INLY8 31 Other Irgding activiiw INot*41 Invastment (Not• 51 8.512 8,804 3,258 307 25.360 1,009 25.524 243 25,767 Totsl ItKomo 37.075 243 37.318 37.729 Expendlturv on I Plot• 11.. Rai5ingfunds Chatitabl8 Actiwtk5 TotAI Expenditure 1Q.263 28.239 10.285 28.551 38.836 7.882 2S.805 33.487 312 NOIG•in¥llLosses) on Inve&trEntkn 17.872 316 18.168 49,587 NotlAov•m4nts In Funth 16.445 225 16.870 RKonclllatkJn of lurth.. T¢t& funds brouohtforylwd at l th12021 7e4.975 6.059 722.230 Totsl fund% carrhd fowrd at 31 Marth 2022 783.420 792.729 776.059
THE Cy OF MNCHESTER TRUST UMtrEO BALANCE SHE AS AT 31 IAARCH 2022 31 IAar¢h 2022 31 March 2021 Fixod a88ets Tangible 8S8ets Inv8Stm8nts 4,678 247.511 744,189 498.105 230.269 728.374 10 Current o•ets Stocks Debtors Cash an deposit and at bank 11 12 389 3.567 51.193 55,149 3.939 49,434 53.661 ¢rodltor8 13 15.1211 Not current a88ets NET ASSETS 48,$40 792.n9 47,685 776,059 FUNDS Unrestricted- <lesignated unre$trted- undesvJrtad 14 14 734.880 719,290 47,e85 783.420 9.309 792.729 7ee.975 9,084 776.059 Réstricled 14 Total d88wJna¢ed lurKIs include a pmpety TUat?Tr r888r¥a of £317.41412021 £317,414). For the year ending 31 March 2022 the Company was entitd to eXn from audit under 58ctK)n 477 oflh8 C(Mnpanies Act relatirtg to smal companiès. The members have nol required the ¢¢)mpany kn obkn an audrt a¢¢oTdanc8 Mth tIOn 476 ofthe Compans Act 2. The dire¢lors thefjr tsI1ty forc0m'n9 with th& requirements ofthe A¢twilh respect to a¢¢ounbng reccrts and for the pr8paralv)n of ¥counts. These accounts h8v8 been prepBred in xcOn7AIlh the appucabk to companies Subject to the small fA%npanies reg¥ne. 10
Pr•JK*{ FRS I(Q).
THE CITY OF WINCHESTER TRUST LlIAtTED NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022 1 NOTES TO THE ACCOUNTS- ACCOUNTING POLICIES The accounting KX)lioes adopted by the Trust are summarised bel¢M. The a¢nting policyès have been applied consistently throughout the year atvj th& yeceding yèar. 4. 8aJis of A¢counllng The finanrAal statements ofthe charity. vthich is a benefft entity under FRS 102. have been prepar in accordan wilhlhe Charit8 SORP IFRS 1021'Accounting and ReportirvJ by Charities.. Statement of Recommended Prath"ce appliCate to Charit$ preparing their awounl$ in accordance th the Financial Reporting Standard applicatle in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20191., Finanaal Reporting Standard 102 'The Financial Repo"rj Standard appIlble in the UK and Republic of Ireland. and the Charities Act 2011. The financial statements have been wepared under the historical cost eonvention. The going concem basks of acct)unkn"ng has tn apled, this is considered to be apwopriate by the trustees as there are material uncertainties related to events or conditions that may cast doubt about the ability of the chaiity to eontinue as a gtsing concem. The accounts are pare{l in steding ts th• functional tsjnency of the company and round•d to thè nearest £1. b. Fund accountlng Unre5trict8d funds are available for us¢ at th¢ discretn of the trustees in furtherancè of tha general objectives of the charity. Designated funds a unrestriced fvnds eafmarked by th¢ Council for particular purposes. Rèstricted funds ar& subjected to restrictions on their expenditure imposed by donor5. The Ader Bequest re61ricted frjnd, both capital and incomo is restricted to expenditu on the trusts archrves. c. Incom• Income is induded in the ststement of finarKial activths when the charity is entitled to the income antj the amount can be quanttfied with sonable accuracy. The following SpefiC policies are apled to particular Categ(e5 of ino)me Incomè from donions and *a¢ies is received by way of donation¥, membership subscnptions aThJ gffts and is induded in lull in the Statement of Finanaal Activthes when rewvatle. Donated services and faolitEs are induded at value to the charity where this can be quantsfied. The value of service$ by volunteers ha8 not indudèd in these aOunt$. Investment income is indu lthen receivable. Grants, vthere enlement Is not condtht)nal on the delNery of specific perfomance by the tharity, are (X)gnised when the charity becomes unconditionally enlitled to the grant. Income from grants, where related to perfomianee and sp8cthc delerabs. are aCtUted for as the charity earry6 the right to eonshleration by its perfrymance.
TrIE CITYOF IWNCHESTER TRUST LWITED PIOTES TO THE ACC¢WNTS FOR THE YEAR ENDED 31 IAARCH 2022 1 NOTES TO THE AC¢OUNTS-AC¢OUNTING POLICIES1¢gntlnu•dl d. ExwndlbJY• VATwhth cannot be reCOre. 1$ reportJ88 partoftheexpenditLwelo which it rolates" Expenditure on Rak8iThJ Funth cornwises the costs a550Ci3ted with gttracling in¢ome from trnding adivit$ and th8 management ol the Trust's inve¥tment5. ExperKJiiurn ty) Charifable A¢tNils c¢Mmwses tho8• costs irKurrod by the indudirvJ th088 C05t5 assort•d rth meetmg lh• ¢on8trt4rtional •nd statutory reqU1MentS of th• Chwity. I costs are allc<ateil behtswi the Èxp&Nliture ¢ategories of the Finanual Sl8lemeThts on a b•w's desvjned to r•fiact the us• of th• rastyxce. CoBtB rdatyng e. Tanolbl• Flx•d A•s•l• IndivNlual 88$8ts costiTrJ or more w• cakIlSe0 at cost. Cweciation c4r#Jlatèd to the asset h•& a Icry l&ful eccmmK and * h•bJ wmarily lor use. Al otherfixed a888t8 sr• d•ted on a r•dLKry balartt b•w• ot 25% pgr 4r¥wm. f. Stocks Stecks are vatuad at the cle05t ar¥J n•t rna¥•*4e t.
CITY Cf WINCHESTER TRUST UI•YED IIOTES YO THEACCOUNTS FOR YHE YEAR ENDED 31 IINRCH 2022 31 M•r¢h 31 March 2021 2 OTHER DONATV)NS 6.833 319 6.679 610 Oonatsn GrftAd 8.542 8.804 Sale otCrt publtir• D¢nthnsfrDrn H¢riuge c¥n Weekend.2020 519 2,976 3,258 Sale dca and (Mt) 1.713 287 307 307 S INVESTMENTINCOMe DndS and 11195E243 r981d Ir£1.£205)1 Rental income 6.075 19.692 5,603 19,757 25.767 25,360
THE ¢irY oFVM¢HE5TER TRUST UIITED NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 PIARCH 2022 31 Mar¢h 2022 31 Mah 2021 6 EXPENDrruRE On Ra181ng Funds Finanaal investrnents Investrneni manapIrfees{1 indth £22 Irom 18strided fund512021 £2111 Let woperty investment¥ Letting fees propety reIrS Counul lax Depwiabon Ce8t of cards Support Cests (see Note 81 1.212 1.047 2.371 1.945 26 1.824 1.128 2.136 877 2,432 192 10,285 7.682 On ¢h&rftsblè Activltl•• Projed and A¢twit5 (see Ncts n Costof ¢Jwn publrat GOV&man costs Accountancy AGM and meetrng costs knnual Report pmb.ng & K¥)sitye Supwt Costs Is6è 81 4,458 197 12.510 367 1.440 101 541 10,846 03 21.427 28.551 25,805 ring the perirJ undermw rw) rvrMJneral)n was to tr* trustees. Entotall1 £W12021.. £12221 has been rwrthJr5ed to the Iruataes durfNJ under revi.
THE Crn OF bMNCHESTER TRLIST UMtTED NOTES TO THE AccouKrs FOR ThE YEAR ENDED 31 MARCH 2022 31 Mah 31 March 2021 7 PROJECTS AND ACTprfmES EXPENDITURE Prolocts coricia Statue Appeal f2 1.012 2,719 2,719 Activiti TN8tNews CivK Voice- Iht national Organ110n Archive acquisrbon I met restricted lufvtsl Other sotietie5 and enVircmenw asstti stthn Approach legal ac Herilsge Open WeEkend 4020 prcgrark . Trn*'$ own event I met from re8tritsJ fvndsl 2,550 2,184 126 8,451 537 12.510 2SO 16
THE CITY OF IW4CHESTER TRUST LwfEO IIOTe$ TO The AC¢OUMTS FOR The YEAR ENDED JI IAARCH 2022 RablifVJ ChHriW14• Total Funds kbvi of Total 2021 10.567 12.(#)8 2.799 7.139 1,178 12% 583 978 1,517 In8UW 1.553 275 0,077 Pfoperty Exp•ththtur• Depwal T0h0nlDl•rne1 311 241 81 220 4,705 RIrn1rt9 75% ol •LWrt 8.397 8.307 U8&Je of Heri*0 C•Thtr• Tot•1 Sukwt C¢• 1.7TT 21.427 23.204 11.844
THE crry OF ITblNGHESTEA TRUST LMTEO NOTES TO niE ACCOUNTS FOR THEYEAR EIIDED 31 IAAACH 1021 •nd fi1On Co•t and v•lwtlon At 1 Awl 2021 Adthtson# Al 31 2022 490.( 13.128 799 13.925 549.891 550.490 AtIW2021 Charye fc¥ the At 31 Mth 2022 13.040 51.St8 2.225 53.811 40.$51 132&J M•1 Book V•lu• At 31 2022 4W.(tsJ 498.678 At 31 M8r¢h 2021 490.0 8.019 498.105 31 2022 C¢)•1 £172.586. Dewecknb)dth £40.800w N•tW £131.9a8. $1 I1h 2022 31 2021 248,489 1,022 247.511 227.780 2.489 230.269 Cash baLin¢o& Market vakx 4t I W 2021 Add DpOSal$ 227.740 .154 195.6731 18.18B 246.489 170.4C4 16.871 (9.0841 49.587 227.780 212.433 19).245 18
ThE CITY OF WINCHESTER TRUST UUITED NOTES TO THE ACCOUNTS FOR ThE YEAR ENDED 31 •iARCM 2022 JI •h 2022 31 M•r¢h 2021 11 8T(KKS 12 DEBTORS tXJg wlhin one y•w. 1.829 2.110 3.939 1.983 13 CREDITORS ckn within one y•w. ual$ 5.121 5.121 14 AIIALYSIS OF FUIID8 urveI Fund• Cjeoignaied FLM Taryible Fixed Au•ts 496.678 228202 10.rf•J 498.105 211.185 10,[ Tctsl Desw8¢J Fw 734.8BO 719,290 Und88ign4ted Fundl tsicted FuThJ 47.865 792.729 T76.059 *J•Inated furKl$ ¥•1 uide the th• Trwfts ptEmisu ffi •Apiryclfv e88. It is T1,8 Wkyto hthj th• dur8tkyb ofthe 99 yew 19