The Stuart Rossiter Trust Fund

Registered Charity Number 292076

ACCOUNTS 31 DECEMBER 2006

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2006

1      The Trustees are responsible for keeping proper books of account and records appropriate to the running of the Trust and preparing the annual accounts.

 2      The accounts for the year ended 31 December 2005 have been prepared on a receipts and payments basis and do not include outstanding creditors, debtors or stocks of publications held for re-sale.

 3      All income shown against the relative investments represents the actual income received by the Trust, either gross or net of tax.  Repayments of tax and Tax Credit Transitional Relief have been included on a cash received basis.

 4      The investments of the Fund are stated on an open market value basis.

 5      The Trustees have created an Income Reserve to provide for projects committed or anticipated over at least the next two years.

 The accounts were approved by the Trustees on 14 February 2007           

D R Beech
D F Tett

AUDITOR’S REPORT TO THE TRUSTEES OF THE STUART ROSSITER TRUST FUND

I have audited the attached accounts of the Fund, in conjunction with the notes set out above, for the year ended 31 December 2006, for which the Trustees are solely responsible.

I report that, in my opinion, the accounts and notes are in accordance with the books and records of the Fund and give, on the basis stated in the notes, a true and fair view of the receipts and payments of the Fund in the year and the position of the Fund at 31 December 2006.

M B Nichols
Chartered Accountant
43 Manor Park, Bristol BS6 7HL
10 February 2007