✨ Financial Statements and Audit Reports
NEW ZEALAND GAZETTE
No. 89
General
West Coast Community Trust
Trustee Banks Restructuring Act 1988
West Coast Community Trust
The West Coast Community Trust gives notice that the Minister of Finance has directed each trust that it need not publish the full list of grants in the New Zealand Gazette, but will provide a copy of its lists of grants to anyone upon request from the Secretary, West Coast Community Trust, P.O. Box 190, Hokitika.
Auditor’s Report to the Trustees of West Coast Community Trust
We have audited the financial statements in accordance with accepted auditing standards and in terms of the trust’s trust deed, and have carried out such procedures as we considered necessary.
In our opinion, the financial statements give, using the historical cost method, a true and fair view of the financial position of the trust as at 31 March 1994, and the results of its activities for the year ended on that date.
DEVLIN WILDING & CO., Hokitika.
Dated this 16th day of May 1994.
Balance Sheet as at 31 March 1994
| This Year $ | Last Year $ | |
|---|---|---|
| Current assets— | ||
| Westland Bank Limited | 38,368 | 2,770 |
| Accrued interest | 71,330 | 96,463 |
| 109,698 | 99,233 | |
| Investments— | ||
| Bank of New Zealand Limited | 225,915 | 209,182 |
| Westland Bank Limited | 1,235,000 | 1,140,000 |
| Postbank Limited | — | 40,000 |
| National Bank Limited | 1,848,290 | 400,000 |
| Rural Bank Limited | — | 1,776,188 |
| Telecom Corporation of NZ Limited | 50,000 | 50,000 |
| Lion Nathan Limited | 50,000 | 50,000 |
| Wrightson Finance | 400,000 | — |
| 3,809,205 | 3,665,370 | |
| Fixed assets— | ||
| Office equipment | 2,929 | 807 |
| 3,921,832 | 3,765,410 | |
| Total assets | ||
| Less liabilities— | ||
| Sundry creditors | 107 | 289 |
| Total assets less liabilities | 3,921,725 | 3,765,121 |
| Represented by: | ||
| Accumulated funds— | ||
| Opening balance | 3,765,121 | 3,622,474 |
| Add retained surplus for year | 156,604 | 142,647 |
| Total accumulated funds | 3,921,725 | 3,765,121 |
J. KEENAN, Trustee.
S. DAWSON, Trustee.
(These financial statements are to be read in conjunction with the attached notes.)
Income and Expenditure Account for the Year Ended 31 March 1994
| This Year $ | Last Year $ | |
|---|---|---|
| Income— | ||
| Interest received— | ||
| Westland Bank Limited | 88,367 | 100,278 |
| National Bank Limited | 14,614 | 63,995 |
| Bank of New Zealand | 16,825 | 10,333 |
| Post Bank Limited | 337 | 12,765 |
| The Rural Bank Limited | 181,102 | 141,230 |
| Telecom Corporation of NZ Limited | 4,850 | 4,451 |
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VUW Te Waharoa —
NZ Gazette 1994, No 89
NZLII —
NZ Gazette 1994, No 89
✨ LLM interpretation of page content
💰 West Coast Community Trust Grants Publication Notice
💰 Finance & RevenueTrust, Grants, Publication, Minister of Finance
💰 Auditor's Report for West Coast Community Trust
💰 Finance & Revenue16 May 1994
Audit, Financial Statements, Trust
- Devlin Wilding & Co., Hokitika
💰 Balance Sheet of West Coast Community Trust
💰 Finance & RevenueBalance Sheet, Assets, Liabilities, Trust
- J. Keenan, Trustee
- S. Dawson, Trustee
💰 Income and Expenditure Account of West Coast Community Trust
💰 Finance & RevenueIncome, Expenditure, Financial Report, Trust