IIVO
11
1957
Annual Report and
Accounts 2024

|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 



city •IWS*thtrttr Tmi 1141
f•r tbr Ytw E•d¢d JI M•r¢b 1•24
TRUSTELS
Pre8Jdeni
Prof¢¥w J C4rt¢rCBE DL
A Skinrw RN
K C RIBA
J T1￿￿18t LLB
l A D P•ttan Ir¢syed 311V20231
M Lar*4S*T FCA IIppotn¢ed 0118120231
N W Gibbjlls BA CPFA I￿gned 3110120231
P ￿vieS MA
J M M4rtsD MS¢
A Mor8an
R C H Mfrynffji1¢s MBA MA
J H Sthnning BA
M Tc￿¢0 MBE ADip PJB Ir¢Ji8n¢d 61Y20241
M5 E A K¢15kr Iwointrd 0612120241
Vice chawnwi
Honorary Trc*M
COMPANY SECRETARY MST M Robert￿ IVS¢
REGISTERF.PD OFFICE
The City ofwn)d￿tsrTA￿1 Ltsl
32 Vppty S¥t¢¢
W1￿he5
HamJMhi¢t
S023 RIXI
REGISTERED COMPkNY
NUMHF.R
c￿12
REGISTERED CHARITY
NUMBER
251798

Trt ciry ofwi*the¥trr Tr¥•t Lld
Reftreote *•d AdMl*tstfAtlvt Det•lli
for the YwEndtd31 Mv¢h 2024
INDEPEND￿ EXAMIf4ER
Butler & Co AuditLimited
cIwtrr￿ A￿UO￿nrs and R¢gisL¢r¢dAudito
Th¢ De•n
Alresford
Hampsbitt
S024 9BH
SOuc￿oR8
rhJLton Gr¢e¢xy
44 Jewry Stteet
WiDches¢er
S023 8RY
Rathbo
Fler￿c5 Hou
32 South8at¢ Strttt
WiDchesier
Hampshtre
S023 9EH
Fiske PIC
IIYJ w￿dstr
tA)ndorL
ECIV7AN

Tht of WlnchEJterTrust tAd
CbAlrrnaTr's Reporl
fortht Y¢gr 8Bd¢d )1 M*rth 2￿24
W¢ 8¢em w r¢vi¢wth¢5arne thvekyDPllt arEa5yeuaftL7 ythr&Dd 2024 is tstsexttptioL
Cplltril Rc¥etttr*Uo￿ Are•
This are4 ?tth¢ timeofFrriIiDBthi5 tEWrt, i% ￿ &tese*tchst•8ewithth¢app)itiiedowisa¢K)D Jigsaw¢he£king ouithe
arrh3eoloy. Evaluaung thc W&%ibililies for new uses for ex&th8 buildin84 the gwrtr41 unthgrowjd wndiwons ot¢.. this
rcscarchwill then k irttrwtcd iiiiothe plannin8ofibeovernJ1511¢.
Jiww hav¢ had sev¢NI woTkshr¢ ￿1 of wbich we h&ve in undEr5￿￿l￿h1t tt%citizErt4of Winchcst
wouldwish ir>s¢e incotpornted. W¢ Iwk fomrd ￿ seeiDgthe¥eg]ityoftrKJrdeliber￿Io￿8
Progre55 on thi8grwac￿be follow¢don the WinC￿Ster City u]ththe bEadI￿r￿AerA¢l0rt.
StatioD ApprDacb
This site is rnade up oftwodistsnctivearth%, k￿)*rt#S C4rf*xatrJ fAtlk marke(t￿ linkedbyrx)ssibly. th¢ ￿61¢51rD￿d
Junction In w￿ChC￿Ec[. S¢Vcfdl errotts have pkn uses forthis imNirtant sa*way ty Winchester. but
all have hilcd. li se¢ th#¢ 8 1(Kal OfaKhi￿￿ Engiae. h&v¢ rewtly teen appointed to produce a
rnaster plHts Ivi trse Siies. As port of th¢ii Tesearch Design Ew"ne have several works￿￿ to he￿ towards
understhnding peoples expwwonsfor these Sites We havecontnbutedto the5eworkshops.
Bysbneldcimp
Our 2023 8nnuAI rtwrtseieui¢oncerns3trfYJithe t￿￿E￿I￿a￿VfdcV¢1OpMmi forthis site wqjich has beenborn oui by the
r¢¢entplAonin8appli￿t1Q￿.AIthOllgh¢)D￿8u￿￿￿Ear￿ILC￿i￿ it)5ciearthattherangEofu5ES,thcAts￿uttl Ofe￿pArki￿g
. and the nurnber5 cmployc¢ ￿ far ￿LI￿Ethan7￿cry¢I￿IeOn 5urhaEcnSilivr Sitr.
The d¢v¢1oprn¢nt being prowvd Impacts the la￿ seitin8 of winc￿ and appe￿ to be a rasc of scvcrc DVET
developrnent. There have over 8N obJEciions ￿Ch￿￿5 our own de￿i￿j obicctiom, all of Mthich indicates the
onc¢rn that peoplc h&vcoYcrthrptvwl_
We ate liaiSin8 with A llUEnberof￿￿erYouP$ w¢h¥J￿8 fwep3rithcounti]5. tyshare ourcXW￿. aswellas of
tbe Costs. After Thwnthsof nothing hap￿￿rng. weanticipate thedEYe10r￿ will ￿lsh th￿rapPlICal)0￿ resolved
bythe planThiThg commiticc ￿tcrth￿ ycar.
Wlnche5tEr Movethent SITat
Th¢strategy 1$ prJrn￿I[} the re￿O￿￿￿ty￿[HaM￿b1rEC￿C￿jllc￿ mcolknburtftonwiththeCityCourt¢il and h&s beert
In existence now for athul Iivcyclt5 thc airn0f￿1n# vehiclt traific ￿ theCIty. Lirtle bas Wperted so far Iowards
this aim And we hAve rerthTeOly urg¢dthe Ciry Council to¢onsthr launch￿g ¢¢ywltatbonson a vision ofwhat Is ultlTnately
intended for movemeni ID and around the City How¢v¢r th¢Y¢ have been no su8gwiDnS for resolvin8 the congcsted
Win¢h¢$w road$yst¢rn or iDdNations &s to how moYerncnT in and around ihcthty Tlli8ht bc h4ndlcd. li 5CCm5 thc approttth
Is to ￿ one of small 5calc inmentiOThS whtts ¢thbal 8O¥tnuttni PXOVides fimding for a particular ini¢ia¢ive. The recmi
doption of Local Transport 4 by C¢uncil L% a radicAI shift in tyw6wrtpknin8 for the County but
will iircally makc arty diff¢fLiJ¢t 10 bbs haP￿d w far Uimd4rw￿ W¢ncbtst¢r.
Wlnfhoster Dlstrt¢t PlaD
Sincc thc Ttust GD]J]thcrttrd on thc rust th•fr{re￿￿tIOft 18pl8nlofthe W ptsn tn Decem￿ 2022 there been about 18
mortths of silence from the City Coun¢il W¢ ar¢ told th¢ wt drafr (re￿all￿n 19 plan) will be publish￿ th15 autLunn for
public con￿￿tra￿0￿ a￿d v4c wdl parncipatc in thi5 but we bad eJpecTed b&ve thE ￿9]its af tbE [￿E ClmSLdtation thc
CityCouncil'yTrsponK to whal ha5 bttn SAid.

Cbiirwall'j Rrywt
f•r l&e Ye4r Elldtd31 2•24
lJe•** C•de5
Dc51¥rt ¢odr$ ale a dtrErbvc ￿0[at0￿￿orrrtY In the c￿of
Winthrllcr'¢bat8c￿r*ttA¢ *tyJid to Idr•tifytheF¥Wtk•l for 4tsdthwwb3rea5
be allowthl ￿ evolve. The Tnjst ÈIL IDokin8 ithlo th¢ ￿l51b11￿￿th￿1 d￿8Th ¢th hive ￿0[fer.
W¢ knY¢ W￿¢￿ a follm"..
We dt<t&d Ojt 4 trrfr¢ trlk% im tt* h•lfof th ￿r. Wt WEIE C￿ed this ￿l&hE be
dhl8 ￿ wh•t4Feary ¥) wJr*d ul HDThEbYrtht WOVYJ to bc sKyular, which will
t4lk$
2 Wilks
Cfjnlinue to brSO. ThAttks art to M•thll Try
have b¢ert verylnuch a￿[c￿E￿I¢d.
3 Outln
tn 2023 c￿tio￿. L* both ofthCh4ttrnr￿d& latgc group w¢r¢
We h•w¢ Tn the w orw1￿4 i FAVE ah7y5 ry0￿d pwtsr. TP*e ofteD irNolve a ¢o*h.
TPrfse have bttorne ar￿1ve nctd (k￿ to king fidl Th¢$ &ttcmpty] to iJr8iniSc bul
filled w set rrt£c¥#ry * atthi i MrAbbE w< hd (a￿￿. My thankl 80
4 Forrntr IELqure etwlvt li Rbver P*rk
any plannin8 for this SItE. We AT&yrn¢ Swth•ryton University are still Its￿e￿j M expThlin8 thew tyji thtle h
We Lwt y¢4r *d•t we *rt of vrilling vohmtrN5 w enable u to bocomc moiE
6Tb*•ft y••
t¢ful to them. ￿ ￿thtrAI lknttKj￿ Coukl

Reptrrt trf I￿*T￿￿t¢S
f*thtYe*rE#ded 31 M*Y¢b 2Tr14
The truStL￿S who ate also d)rectors of the ch￿ty for thc Cornp&niE5 Act 2(KhSy pfL%cnt thcir rEptrrf thc
6llaDcI￿statBjoE0￿tsfth¢chO￿ry for th¢ytaXetsd￿jl MaK¢h 2024.Th¢ ￿$te¢shAve4&yItyJ thepft)vt5i0nsofA¢¢ountins
and Reporting by Chariii¢s' SMem¢nt of Recornrn¢W Practsce applvble to tharnies prepariDg their arcounty ID
￿￿ord￿nCe￿1th th¢F￿0n¢￿RewIElN8strndardypIl[abItI￿theUK￿kejXthj1cof1reI￿￿d[FRs 102)leffective l January
OBJF.CTtVES ACTIVITIES
The Tru$f$ DbJeLts 2te fully desctibed itt the Memorarthof As5ociatyoo. can be sun￿￿￿5edas follows..
To kek ￿ cortserve the thpNt¢r ofthe cityofWi￿h¢5￿x￿l n6 by..
Presuving alld ptvtectuJ8 its ￿￿Idth8$, SPQ¢cS attd ancfACts:
S￿￿$0¢]￿8 and cn¢ouragin8 new ￿jIldin& red¢v¢kymenL knJx•pir4 ¢fjnEerv*ion in acmrdjnce with the
high¢st a￿hlE¢cEllrd] 4tsndard5.'
Pro￿ting&WarCThc￿ ofthcthve
PUb￿C bellefit
lllsettin8obJectiV¢S fWtheyear.th¢Tn￿CL4W￿I[h3S8jv¢￿CJrerU]￿)nsNJew0￿￿theCknltycQ￿ffl1Ssion'sgCll￿I 8dvice
on public trtllefii hnd is mindful of the n¢ed to re[￿ on tsow its have be￿1 thring the year. Th¢ Wa5
fovnd¢d in 1957 for th¢ pUry0￿ and ￿)eCt5 5# out later in thi5 rryotL and conbnues ￿ catry out work In setYinB the
public interesL
Membtrshlp
We ai¢ v¢rypl¢asedtyhav¢ twnut¢d Ionw rn￿￿¥(b￿Ingth2yfXtsk￿g￿eTrn￿S￿￿￿bPJEhJpto4s2 at ihEyearend.
FINANCIAL REVIEW
pots¢y •nd obl¢¢tlY
Th¢ IDve5th￿ntP0wery ofthccouncil ￿Ven by the Metwr4ndllrn ardAtticie¥ofAswatiw.
Thc invc3kntobJE¢tivc8ofthc Tntstartto)KeScr¥rtheTn￿ts￿s1¢ts toaliow thecb8rityth¢abilityty finance its a¢tivitses
boih in ihe short longer wm.
TheTrust'8wIi¢yL5toofWance its iDvutiiieDL4infiDaDciai bEmeD athive a￿d￿Lye iDve5tmEntÈppr02thES.
ThcsctivcclcTllCllt cOmPri5l￿ invcStmEnts iDmUlip￿f fu￿1$ ￿￿?&(dbY8￿ inve51rneiJt man&gc¢while the PA¥SLVc rlcmtnt
¢othprises inVcSiincDIS In low- ¢osi Ex¢hAngeTAd¢d Fuod5. for*kn¢h att ujvesimetsi acts as custLWj￿Th. In addition.
pan of th¢ ra￿l¥ l¢asehold propetty. tht tlats at 30 Upwx SL i% held for llNcstlDent thc iacomc
rePresent￿18ther￿Zi￿ eleD￿lI oftheT[L￿s uKotlle.
The investment objective fN theTDJst'G 1tsSfStmtyiis in fifftancial instmme•ts is ty athieve a bal8nc¢ betsvttn capityl growth
se£ure the Tr￿1$ IoDgv-trn objxDv¢s and Eenetation Io JXDvidc mcomc. ITh addition to mcmbctship
sthcriptton4 to finance itscurrellldJari￿bleact1￿tiCS.
ThcTn]SE'5pobeyiSto aceepta hwhnskofvo1atility￿thLti its uiVeslW*thPDrtfoliO.botbintem￿OfCap1I￿l valueand illcome
B￿CratIO0, whll¢ over iirne to achieve rethwns th¢ r* of inflo¢ion. ThiB policy has been a¢k>p¢d du¢ to t
lowcr rtrturns curY¢ntly 8v&ilabl¢ on lower nsk asset ¢law and the T[￿￿$ upacity 8$ a long-tettn Investor to a¢¢ppt
temwr3rycap¢tal Io&sEs&s&re5ultoffluctuaDoJ￿JUqUIty￿l￿ts.TheTt￿￿'S￿vEs1rlIe￿ts2rBcDDf￿￿diO 11￿cd￿vC5tm￿￿ls
of & cLTr51eclive Jlatutc, ￿ Ordcr to acbme dLvet$ifM￿￿. rt￿￿¢$ the r￿k of perth￿¢￿1 ¢&pithl loss arisills from the
faduteof4 partieulgj or1ec￿t.
Atthcbatsncc StKdd*thccharitykn*J fixed &%stt inv¢*￿ULts vajwd ￿n￿*￿Va￿e0f£20o.I8S (2023- £234,179).

The ciryof Wln¢hestrrTrwi
RtPDrt oftbeTruStteS
f￿r th*y￿rE￿￿Ed 31 2•24
FIP4ANCTAL REVIEW
Rts¢rv¢s poll¢y
Theallnual accoullis AbDw tbe a55WJa￿d lthiliu¢s anribu¥bkty th fvnds by type aNI whKh are4pproved by the Council.
TheCounEIl plaDS its expertdttstre withittAvidèbk ￿thi)st ￿￿￿trInIng[Weryu wly￿ BNes the Trust ficKibility to
achieve its aimy furthe forts¢eabl¢fvtyM¢.
At ihe balance theet date the rhlrity fryTh*td UDrethete4 of £88S,102 (2W23 - ts53,3141 and restrictrd
res¢ryesofl8.60912023- £9.1631.
FUTURE PLANS
We will cn8a8c Ln the c4jll5ultsti(￿ottth¢ fiMI sts8es ofthe kx71 piaoauTeDtiy sdtyb¢compl¢ted ID the&iitUlTUI.
Wb ate very ¢oNernedat the 4rnount of forec￿ devclop1￿ thi i% bkely ￿ tskcpl&ce th Atsd ￿ulld WIttche5ter. and the
effect this deYElopmenL nll¥bl havc èn the hiSIOriC ¢Oze. The Tn￿1 ¢on6iders a l(vl pkn 16 a br￿ brush forecast and
Inadequ2￿Wdtd1￿Ith theimp3¢1tsrye s¢*d¢velwrnen(willcre*. Th¢Ttu5tC4￿lnlle￿I01ry3J)dinth￿￿e lliEauthontte8
to ¢onSidrra moredethileddeve1opmthii￿an 50 thJtth¢fittyr¢ofth ¢volvJng Citycan k UndcTSt(￿ by all conccrncd.
We are PrO￿ll￿ to o)ntriEAr¢ to th¢ Heritsge SEPteth ￿ly1b￿s Wcck With att ¢xhibii1O￿ of Wthches
phowgrapbs.
STRUCTURQ GOVERNANCE AND MANACFhlFNT
GoveTnim£ do¢ume*i
The¢harity ￿COntroll¢d by its goYetDiDg(knuDEDLAdcrd of w aL¥J tot￿l￿jte&8 I￿nite4c0[￿y, limi*dbyguarnn*
dcfiaed by the compH￿C5 ACE 2LII6.
The Council has rEsponsibility hr the 8tsd (ontsol of the TrusL Howevu ¢enJin finaD¢1&1 functions ar¢
dEle8aEcd io thc Finance and R¢soNr¢t5 Cwnmitte¢ and grow hve be￿ set up which rer￿ to Coullcil to dEal with
M8na¥CrtIEtii, Developm¢rtL Communlcélw￿ and Menthuthjp Is9￿ Cwncil melljb￿ arc clcctEd fot threE yeats at thE
Annual Gcneral M¢eun8 but ￿y￿and forre￿￿tio￿at thc clld of thcu ttt￿.
Cowcil Tncmbctsact &8trulterS ofthr Charitya￿ldirt￿orsQrthecOwY I￿1￿J by8u0r￿tre.
RbkJDanagthbent
The tyustres have a iknty to Id¢Thtify and revTh the rilks toivhicb IbE cbarity li exposcd 4nd io erjsure 8ppYopNate ¢ontro15
ar¢ in pla¢¢ to provide reasoDabica8sutw￿c agw]LSt ftaud aL￿ etfur.
The major risks to which the Charity ￿ exp￿ 4s Hknfied by the TnLqee4 have [cVicF￿xl and SySkmG have b¢£
¢8th1iFhed to nJitl8ats these risks. 11 ￿ JEco&D￿ that s)*rms<an onty wide re4sonabk bui absolu* assurnnce that
rnajor havebccn ￿l4￿*1Y th¢ tyffjionoftheTrn#eesthe key r¢5ks8re.'
11 The Iw ofreputsuw due to tr￿￿. Orfra￿l.
21 Th¢ Iw of i￿Om¢th￿tQ Error. orfraud.
31 Insufficient nwllbers ofttu4EC5 lo allowthrcknity io ¢OtsLiiliX.
41 Insufficient fuDdsto ￿lOW theCknityTo rnr<t itsobJ"etlLves.
51ThB los%of in¢OrnE thtsiounfore5ttn¢ve*tsswhaswtsmKs
In the opin￿n of the Tn￿tte5 the ￿￿¢L¢S aDd wottdurts art 4&4uate to mitiy* fJtiAaCi41 And t¢putsut>n bss due to ern)r
or fraud tnaintHllllng 8 viablc f￿ntiallY. tht¢rnal ¢ootrol risks ar¢ rnillim￿ by the irnplemenlauon of

fvth*Yar F•￿￿31 M•¢¢b 1•14
w¢ktrutottdfkTtvlw*ottht**ltofatr*usof d*Thtst*dOfthE*oTde&￿Itsr￿0P￿J.

1lldepe￿dt￿t F.i*MIAtr's Rtwrtto 11¢ Tryslttb •f
Th¢City ofWknchtsttrTrust Ltd
Imdtyendent ex•rnlDees rryborttDtht of The Clty Df Wirtthe#trTnist Lld ('IhtCtsmpany'l
I r¢wn to the chanry trustccsoll ofthtr*<<A￿ts¥ftht¢0wY for theyw¢atsJ 31 March 2024.
Rèsponslbllltlei *nd tif r¢p•rt
As tbe ¢hariEy'S mstccs ofthe Cowy lalld also iisthrttb)Ys for the F4wposty Of￿￿P￿DY law) you ￿re res￿n￿bLe forthB
preparatiOD olthc accouttts ￿a¢cordanCe the r¢4uwerrtntyofth¢Compani¢5 Ac¢ 2(￿ Cthe 2￿ Act).
HaviDg 6aiisfied myself thai the xcowits of th¢ Cowy are w rquitcd auditedunder Phrt 16 of thc 2W6 Act 8ttd
#re eli8ibl¢ for ￿￿ependenteXaM￿tl￿￿ I rwrt ￿tE￿OfJUY ofyourcbarity'S4cWUrttÉ as¢arri¢dOuiw￿er
Sec¢iott 145 of th¢ Chanti&s Act 2011 Cthe 2011 Ad). Tn catryin¥i)ul tny examinalion I havt follow￿ the l)Irections 81ven
by the Charity C￿￿MIsSIonU￿dErSerlK)n 145{5)Ib) of thc 2011
lfftdfpEndent slaterntht
I havc cornpleEed rny CLIIEiUthl￿ll. I Cottfi￿ mattushavtco￿ to my in corthe0￿ wjth th¢ Examinarion
giVln¥mecaU5¢ tr>believe'.
arcounDng trtorfs I￿¢ kept tn Te5pea oftheCowyAE by Se¢tiM386 ofthe2(K16Ac¢ or
th¢ do n￿?￿ordWIth thos¢ I￿￿d&. or
the 4CCQUn¢B do noi ¢rynply wjth th¢ aC￿￿tr￿S jrylli￿De￿s of 396 01 thc 2￿6 Acl othcr tham amy
t¢quirenYnt that the xc¢N]nts give a ard f￿r view wbiEb is ￿t a ll￿tter ¢OtsSidertd &% w of 8fi irdep¢rtdtJJt
examination.. or
theacc0untsbavBwtbEcDpryatrd￿ KCIKdartcwiththenJcth(4tsandpriThtiple50ftheSthtrrnentofRe¢ommended
PrdCtICEfor accountiU¥aDd tqK)rfiti¥ty¢bthiies(appkn¢4ble tyChnritie5pry￿r￿ their ￿)￿ltsIn a¢wrdan¢ewjth
thr Finan¢NI Rewiill8 s￿dard applicabk iDthe Uka￿1 R¢public of IrekndlFRS 10211.
I hav¢ w Concerns and bave *t055 llo othetDJanetS ￿ to￿¢¢¢￿ With the exam￿￿Oll to ¥llenison shoukl bc
dtaivtt th tbi% twm in Ordertoetsthle a rwerutt&tsthrojiogofthe4ccow￿ tobe teathe
Mr5 Julirm B￿ticiFcA
Butl¢r & Co Authi Lirnityj
Chartered AccouotsDts4Dd RwstetEd kndito
BcDllCtI Hou8c
The Dean
Alresford
H4rnp5hire
S014 9BH
Date.....

The C*yof Wlwehe5t¢r Trpst tld
siateiiieiit olFIMTh¢l*l Actl¥fjile5
fw tbt Vtir Endtd 31 Mwch ZlJ24
2024
Total
fijttds
2023
Tothl
knd
INCOME FROM
r)onaiioThsand legacie¥
7.698
7,698
.726
ChAritsblc aciiviiies
S&¢ Of0￿ pllbli¢atii)tsS
DonAiions from wafKs
837
395
%37
395
255
655
tsHdthg aeuviiies
InvES￿ent incomr
Rcntal incoJnE
753
5.162
6.863
Total
EXPENDITURE ON
Raising fund5
8,947
8,947
9.752
Challtsble 8ciivjiies
IncomE Expellthlltre
4,572
18941
3.678
3262
N￿gaiNS1(1D￿lts1 ott ittvestsLents
rev3h￿tion ofwoK
27,216
27.556
NET MOVEMENT IN FUNDS FOR THE VL4R
31.788
15541
31.234
69.74%
RECONCILIATIOY OF FUNDS
rothl funds brought forward
853.314
9,163
862,477
792.729
TOTAL FUNDS CARRIKD FORWARD
885 102
862.477

¢City •rwiDrht4ttrTt￿Jt iAd
B•b•ttSh¢¢i
31 21JZ4
2024
Tor
fvnd5
2023
Total
funds
FIXED A&8ETS
Ta￿￿b]e
InV¢stsDettts
574.137
1.955
574,137
2fA>,188
575517
234,179
io
8233
826.D92
8233
834J25
809.696
CURRENT ASSETS
s￿Ck$
Debtors
C05hat bank
12
4,lOJ
58,3
7,777
50,780
376
58.768
62.4
376
62.871
59.018
cRED￿oRs
AmoNnts fallingdur ￿th]D DIIEyEaT
{3,4851
13,4851
NKTCURRENf AssEf5
59.010
376
TOTAL ASSETS LFSS CURREP4T
LIABILITIES
885,102
8.609
862.477
NET ASSF.TS
885.1￿2
8.609
802,477
14
Unrestri(ied fund
Re6tricted ￿ndS
885,102
8,609
853,314
TOTAL FUNDS
862 477
10

31 m•1￿24
31 Mqr¢b2W.
lllE4xor￿tWth5￿Jr￿4m0f&EeOnj￿￿ty￿L%2W6.
C¢thp￿1￿5AC¢20Oo
(b) fir￿nrj￿ whicb Éiv*¥LtswthlhifviewoftheLK•*of ptt¥irs0fth¢th￿il￿tscY￿ptrY
ors￿tiON 394 ￿ 395 Erthrr*i* t￿ththe rts1ylrqDe￿ r+fth¢
°￿￿on*&b￿•lftrJ.
..&....h.v.1grfAt .k.oZ Y

ciiy Ofwfj•¢hesteTTTh￿ tAd
NatEY tDthe FlTra*el*l Sl*¢elllWts
r•TtheYearE#ded 31 Mw¢b 2024
AccoiiNfiNG POLICIES
Bui5 of PTep¥rlugtbE sts¢emeDts
Thr finanLial sthtem¢nts of the ¢Foritable cowy. vknicb ￿ a pubbc bE￿rIll CDLity ￿der FRS 101 have be
preplied In accordance with the (￿￿￿eS SORP (FRS 102),Ac¢￿￿tillg Alld by ChAritxs.' Ststrm￿¢ of
Recomrnende4I PraGIK¢ applic3bic to ch4nlic5 PTryanng &LrOllntS in ac¢ordwK¢ with the Finan¢ial Reporring
Styndard applicable In thc UK and Rcpublic of hEJattd {FRS 102) {effectiv¢ l January 20191,. FiDancIal ReportinB
Stsndard 102 The Finkn¢iAS Rcpthing SthThda￿ appli¢abJc in the UK and Rewblic of Ir¢land' and the Compinie$
Art 2006. The financi￿ ststril*nL% have JKewed the historical c4>sE convenlK)n. with thE excEPtIOn of
jnvestrnents *rt th¢h￿¢d at ttJ*kei vah¢, as￿￿OIr￿dbythC￿v•hH￿DQrCvZts￿ awts.
GDiD&<tsn¢tt
The going wnc¢rn bws of accaunling wliE4 this is ¢otsSNkrrd kn be apwwia* by the biJste¢s as there
ate no rnaLen￿ ullcE￿ntl¢g t¢￿1¢& eveths ot condit￿)￿5 may (kyJM th¢ abdity of the cbatity lo
continue as a ¥oin$C(￿¢trn.
Cr1￿¢11 a¢¢oyntlfflgludgeTh￿ts kty uDreTl*iuty
EwnJatL¥andiudgemCntsarccoutiDuallycv8l￿￿d3￿d8(eba5CdiMbLston¢aI¢XpUIe￿￿¥TrJOkn￿t0rkjnClvdIns
Kty i¢¢Otsnlin¥ . The ch￿lty makes ¢sti¢nates assum￿￿onS collcCtD￿8 thc tuiurc. Thc rc5ullin8
accounting ¢stiM*ionwill be unlikely to equal the tElatd tESlllL char'.ty ha5 ntst idcniif*d any estimates
nd 3s$urnptw4 that have a si8nifK3Dt rith adj.￿￿* to the of 46Gets and
abdiUcswiTbill IbE ncKt lull￿1￿ ytu.
lllcorne Ig ￿ClI￿d ittthe State￿￿1 of fthpnciil ActiWti¢5wbeo the ctiarity ￿ ¢ntitl¢d w the income sDd thc arnoullt
¢An be qu8niified reaGon4èle The following spKific pol￿1¢* are 3pplI￿ to particular catEgories of
incfjme
. Income from kgactQS LS ttttiwed byw4yof oKrth5hip 6ubsuiwon5 and gifts and
JS in¢ludcd iti ￿11 Ln the Stst¢ment OfFma￿l41 kniviiieswlw receivzble.
Do￿tthI SaVi¢C4 and faciliiies ar¢ IrKlthd atth¢v8￿ to the chzrity Whe￿ this can be quarttif￿. Thr va
ofser¢ices by volwJteer5 b3s becD llLcILxird thrEeacrouiiL*.
Invcstmcnt Income L& InQ￿dedwhe￿ rccci)Trblc.
Gtants. whEre ent)IIErnent is not ¢OndiliomAI on ihe d¢livery of S￿triC rdomian¢e by the charity. ar¢
rcco8lli5cd wtKn thc ¢h*rity bernmes Un¢onthuOn￿tY￿t1￿¢J tothe gJ3nL InC4)n￿ from 8raRts. relatEd
perforDwnC¢4ndsp￿rfiCdei￿e[abi￿ arcarcouDtcd IoT4sthEcbuityeatnS thc nwhl ￿ Ewidrratiotsby its
pcrfotmance
Exptndilurt
E¥r¢rtthNve is rew8ni8¢d on an a[cn￿l l￿bIlity i4 incutr& Ext￿lur¢ if•cIth VAT which unnot be
rLYoverf and is w￿n￿*Sparttsf thr to wknch il
ExpendibJte on RaiSiOÉ Funds comwx5 the ¢o#s a55KYtedwith aNwing i￿A￿e tradinE activities
4Dd themArtAytherttofthe iDVUtwis.
ExwndillreonCharithleA£tivilJESC47mprisCsth05CC4)555incurTcdbythec￿ntyInthedelIvery￿flts0etIvitIes
services loiJL3bEncfiEiari& li￿Clud¢s[￿ ¢4>Ststkni can kailwtrddireciiy to such ￿tIvItI&5 ar¥J those
C051s olan itsduttl natttrcne<Lssary￿sUPP￿thW. Alg) GOve[Dan￿C0S￿￿cllldinBth0se Costs
with nkeungth¢¢onstitwy)nai and rcqlltrementsof the charity.
All costs arc ￿[L￿atCd bcf¥vccn the eAtKtxlJbJrc caiwics bl thr FJti•JKial s￿￿ents on a basis d¢signed 10
rrflccl Iht Usc ￿f th¢ fvsource. Co*s r¢lèiing a wor￿lar aoNity been allocated directly." others Are
4ppotliOn¢doll an 1ppMp¢￿eb3

N•tes *• Ihe 5ts1*W*IS-
rorih¢Ye•r F.•d¢dJl Mar¢h U24
AccouNfiNG POLICIES-fODdnutd
2SY• ofsupport ¢ooare ID the￿i￿allO￿of d1tttt5￿J2thr￿ ri￿ there[na￿1Th8 75%
sgl¢ly to Chatitable aclivil]E%[Efi￿tIDsthE Cahtrc ftrseerct￿lp￿c5.
TIn￿bIt llxed
Individual assets cos*iDE £5W or arc r4pit&liScd at <OSL I￿￿¢1*tion ts c81oJlaied w WTiie th¢ cost of
riiLd a55Cts lo thcir rttimaird rtsidual vahjc 0￿r thcit WA￿cted usefvl lives. Lejsehold prom is d¢rrfeciaied
for th¢ forcs¢¢abl¢ fulre the bas￿ the axet has a hng ￿$¢fvI lif¢aM is held wirn8rily for ¢harity
Allother fixed3￿￿5 are depreciatedoD arth￿8b￿lA￿cEb1Si￿*l5•ll PE¥aiiivJitL
Property IitV￿YMt￿DTr Ptsjky
The Ttust adopLs th¢￿]1¢Y0[T￿￿llItiA itspom eVtsyfivtye4T&LxThw￿tyS5l Mar¢b 2(M)3.Theptoperty wo3
lést r¢valued at31 March 2023.
Stocks
Sto¢k$ ar¢ ¥￿v￿latthe k￿￿OfcO4tllldnet￿lL5thv￿
TIx*iio
The chatity Js cxew from CO[￿ra￿on lax cbaritrbie ThE cbarity is eAernpt cotPDrtUoD tsL
U￿rst¢ll￿n 5058IIMal ofthe Irthme Corr￿a￿OnTaxe￿Art 1988.Ikfur•Js re¢eiva from renthl income Are
exeropt as th¢y3re thltyappliwlttbcbantsb￿ p￿P
F¥nd Af¢(*untlng
UnrestnctEd fithtsattartilabk f￿￿￿tth¢d￿¢￿1MOf￿￿7Jstr<5 IN hffihU￿CcofthC wernlobjecllveg of Ibe
cbariry Desi8nated fullds 3re ullrEStnctcd e4nuatkral by the C<m￿￿￿ h P￿tiCU￿r putPDSC5. Re5tncted fuTrd8
rc Subicdcdlo tf5tri¢tionson th¢irtXFthditr￿ by dortots. The Alder Btyu¢# rtsiricied fund, both CApithI
Gtsvvfii4nre ¢•sts
Governance cty5 invofviDE the ￿blIC accouDthlity of the Cbarity 3Dd Jls £ompliance wilh
le¥Ulai￿n5 attd ¥¥(xl pi*tiC¢. tr￿8 C(￿ reknied io the md•tht examination, leg41 fees
Apwrtionmentofovuheath.
DONATIONS AF4D tZGACJFS
2024
2023
¢mb¢ry sllb4cfirthns
D(￿ted seM¢es and fxilitses
Giftwd
6311
7,031
268
l.274
7.698
.726
OTHER Tr4DtNG ACTINTfiES
2D24
2023
SAI¢ ofe8rds
Visits gnd Inetl
465
288
753
13

Tre (*flVfj•¢he5teTTrw￿
Note4 t• the Flnandal Stat¢￿*(￿￿-¢0Trt6n￿td
rortbeYearE*ded 31 m￿¢kn IQZ4
INVESTME￿[ INCOME
Diwid¢tsdsa￿j intereth InCh￿e£31S￿f[eskncEcd ￿c￿lKI2023. £2701
EXPENDITVRE ON RAISING Fbl¥DS
2024
2023
IDV¢Sttuettt ftt
Property ￿VestD1e￿
- Lettin8 fees
- Leiprop¢rtyrepairs
- Council
- Dcprcciation
CosLofcard5
Support C05LR{nolr 8)
710
2,152
2,583
3,488
1.440
8,947
9,752
Investm2nt llWEJJJtttt fr¢s £ntl (2011. £21) fund5.
FXPF.NDITURE ON CHARITABLF. ACTIVITIES
2024
202]
ProjeEtand adi*liestxJ*trJtDJie 7)
collor0￿ publi￿￿￿5
4.346
3734
79
1,620
lJ30
l J20
Revaluatton fEE
- AGM meetin$ costs
. Annual rL¥OrtpriffttlD83nd
Support c0sts1llo￿ 8)
540
745
469
24.445
22.892
AI¥ALYSJ5 OFPROJKcfs AND ACTJVITIES ExpeNDJTVRE
2024
2023
Projects
Tru51 news
Civi¢voj¢¢- the national orBallWi
Archive acqwsitsDn lrnct from trstric￿l fth>l%)
Other¢iViC s￿lerieS & enVIr¢￿￿￿trI 4ss¢cj3tiC
Fn¢ll￿ ofRiver P*k appe81
TNst's ￿en￿t0pM day eve
Heritage & growth In C¥thEdr31 riti
JalleAusten appeal
1.982
1.924
126
i.wo
4.346
3,734
14

for thtY¢ar EndEd31 M*r(b 2•24
SUPPORTCOSTS
Totyl
Ba515 Of
Tota1
2023
Setteiari41 stoff ¢ost
25% of¢dbersurvort¢o
lJ92
13,266
l J94
12%
88°
OthtrJ4pport ¢fy
LIEhi. hcat and ¥%*ttt
ljwancc
Bu$mess tai¢s
Ptopctty rxpettditsue
Dwe¢i41iort
Telephon&intcmcE
Adm￿. ￿51&8¢. statio
Equiwncntl¢M*um4bles
Sundry el￿05¢$
1.294
538
431
227
1219
855
770
38
5.574
5,753
Retnainins 75%8vFwi
c￿ts
4,180
4.180
U￿E0T
HeritÈ$e c¢ntrt
To￿1 supwrtct
18.84D
16,820
25% suppon costs are ￿(￿[danc¢ with of dtsect xxrdariaj costs. The remaining 75•
solcly toCharit&ble aclivilic5 rctTr¢tin¥ theu%e m*ofthe H￿￿te¢*1￿c￿erth￿ f¢r&xrewial pwrosP4
TRVSTEESP REMUNERATION BENEFITS
ThErc w¢rE rto tsusttts, rem￿eratIOn or other baxfits fw yw 31 2024 for the yQr Endcd
31 MÈrth 202J.
T￿￿t¢¥￿' ¢XPEWt
Expeuse5 tDfaIlu￿ £448 (2023. £068}h15betD ￿￿￿b￿Sed ￿ the tyU6ftt6thrin8 theyear.
STAFFC0573
The thatity hadonePth-IimettWye¢(21)2J- l).

The Cltyof Winchc*¢r Trwst tAd
Noies to the F6Tri•cl•l Ststemtnts-
r•rthe Year EDded JI 2024
TANGIBLE FIXED ASSETS
FvA(ures
Offi¢c
t9￿ptt￿
leathotd
Totals
COST OR VALUATJON
Al l Apnl 202J and 31 March 2024
57
631 070
DEPRECIATION
Al l April 2023
Cb8￿ forye
42,127
13,426
125
55.553
At31 M*Ycb2024
NET BOOK VALU
AE31 MArcb 2024
374
574 137
At31 Marth 2023
499
Crrsior at31 MaTth2024 iSTErffwtrd br.
FiYtyJr¢5
o(ri¢e
equipmeni
riNn8S
Totsls
Pryrious W￿ll1￿(￿sup to2018
2023
80.(K
80.1
233 656
C051
47.145
031070
Ifth¢ loTrg l¢a5¢boldbad tsDibECllrtrvaiutdit btu ioBluth)J atth¢ followu)8 hi5twic81 ￿￿¢..
2024
2023
Cost
172SR6
AgBteÉatEdtyttci￿i
44.086
42,343
Net
Thc 10tt8 ieasehokl pmpcrty i5 ￿ChthI * a 3t 31 Marth 2023 by Cartcr Jona4 Su￿tY0￿$ and
16

The city of Wln¢lerttr Trust Ltd
N•test• the FIA*4¢ts1 StatemeTrts- conrfnued
fllrtbe Year ETrded 31 Mar¢b 2014
FIXED ASSET INVESTMENTS
Listyl
scttlcm¢nt$
pcndin8
Totsis
MARkTTVALUt
At l Awl 2023
231752
57
(2521
27.555
1,427
234.179
57
Disposals
REv3lUauo￿%
27,555
At 31 March 2024
76
AL31 March 2023
134 179
There wete no irtvegtmetsLLLtttsoutside the UK.
A131 2024 th¢¢&*of li5kAt iDve*Dwts *a5£21l129 (2023- £212J86).
STOCKS
2024
2023
BooksAnd card5
46
DEBTORS.. AMOUF(tS FALLING DUE VIITHtN ONEYEAR
2024
2023
Other drbtors
Prcpayrncnts 2rKi&Ccn￿ Inctmne
4,954
2,￿23
2.338
4.103
7,777
13.
CREDITORS: AMouNfs FALLING DUEwrrHIN Of4E YEAR
2024
2023
Accruedexpuw
6.237
17

Tre Clty of WiD¢be*¢rTrwt Ltd
Notesto the FID*Trcthl St•t¢weTrty- ¢fflti•Bed
rortbe Yttr FALdtd 31 ￿rth 2024
l4.
MOVEMENT IN FUNDS
N¢t
movenjtnt
in fwyJ¥
At 114123
3113124
Unrc$trictvd
Gen¢ral fund
853,314
31,788
Re￿￿eled fuDdJ
REStrctcd fdttd
9.163
TOTAL FLryDS
862.477
31334
Trl¢l mov¢mrntITr futh. included ￿ thE4boYeaTEaS folloW5.'
Incoming
Rr4ouTf
eApentsi
Gains and
lo&￿5
MovEmEnt
eDtral fijlld
J@752
{32,1501
27216
31,788
Reytrlcted fvjbdi
Re5tn¢trd fund
318
15541
TOTAL FUNDS
33 392}
27,556
31,234
Comp*rnttYe5 for rnoveNieiil ill fvThd¥
movemcni
Al
31￿/23
Al 114122
Unre5trittcd fvnd>
General fund
783.420
69,894
853.314
R**trscted I￿￿di
ReStyi¢Eed fimo
9.309
TOTAL FUNDS
792 729
69,748
862 477
18

ThE Chy ofWS•cht5trTTnN¢ Ltd
¢• the Flwaw¢knl St•t¢w¢wty-
fottbtYe*r EDded3J Mar¢h ID14
Collw4rative DPtllK>vciIitDt ￿ fuDts fot2012ll02J. ￿th¥jodi￿￿elknwc are￿ follo￿."
ResouTCN G4iD5 4Dd
expthded
Movement
nd6
Vnreylrictrd
General fund
3S.636
132.6231
69.894
ReJtrl¢t¢d Iv]bd¥
Re*triC￿d fuod
270
13951
TOTAL FUNDS
Included in unrestrKted fund5 ale irLvc￿e￿isSrnOUn11n8TQE34.919{2o￿- £33.733IiVh￿h ￿EdeSignatEd funds s¢t
%idt fot the puryx)se ofryjaciog the T￿￿ premises on¢xpuyofthe le4se. li isthc T]ust'swli¢y to hold the furLd
forlhe duration ofthc 99 ytsrlth%e.
15.
RRLATEDPARTY DISCLOSURLS
19