✨ Financial Statements
8 AUGUST
NEW ZEALAND GAZETTE
2197
Our audit was completed on 4 July 1996 and our unqualified opinion is expressed as at that date.
DEVLIN WILDING FALVEY, Hokitika.
Balance Sheet as at 31 March 1996
| This Year $ | Last Year $ | |
|---|---|---|
| Current assets— | ||
| ASB Bank Limited | 37,623 | 37,562 |
| Accrued interest | 93,238 | 84,317 |
| 130,861 | 121,879 | |
| Investments— | ||
| Bank of New Zealand Limited | 1,208,503 | 243,986 |
| ASB Bank Limited | 1,150,000 | 1,710,000 |
| National Bank Limited | 1,250,000 | 1,250,000 |
| TCNZ Finance Limited | 50,000 | 50,000 |
| Lion Nathan Limited | 50,000 | 50,000 |
| Wrightson Finance Limited | ... | 440,111 |
| 669,982 | ||
| Total investments | 4,148,614 | 3,973,968 |
| Fixed assets— | ||
| Office equipment | 1,424 | 1,975 |
| Total assets | 4,280,899 | 4,097,822 |
| Less liabilities— | ||
| Sundry creditors | 147 | 133 |
| Total assets less liabilities | 4,280,752 | 4,097,689 |
Represented by:
| Accumulated funds— | | |
| Opening balance | 4,097,689 | 3,921,725 |
| Add retained surplus for year | 183,063 | 175,964 |
| Total accumulated funds | 4,280,752 | 4,097,689 |
J. KEENAN, Trustee.
A. R. GROOM, O.B.E., Trustee.
These financial statements are to be read in conjunction with the attached notes.
Income and Expenditure Account for the Year Ended 31 March 1996
| This Year $ | Last Year $ | |
|---|---|---|
| Income— | ||
| Interest received— | ||
| ASB Bank Limited | 133,921 | 98,664 |
| National Bank Limited | 108,602 | 179,793 |
| Bank of New Zealand Limited | 29,964 | 18,171 |
| ANZ Bank Limited | 2,634 | — |
| Telecom Corporation of NZ Limited | 4,850 | 4,850 |
| Lion Nathan Limited | 6,412 | 6,395 |
| Wrightson Finance Limited | 54,198 | 35,982 |
| Total gross income | 340,581 | 343,855 |
| Less expenses— | ||
| Advertising | 2,536 | 1,893 |
| Accident compensation levies | 74 | 72 |
| Bank charges | 30 | 28 |
| Catering/hall hire | 217 | 142 |
| Photocopying | 177 | 238 |
| Postages | 409 | 531 |
| Printing and stationery | 599 | 485 |
| Accountancy and audit fees | 1,983 | 1,768 |
| Remuneration—trustees | 9,780 | 9,420 |
| Secretarial fee | 5,559 | 5,812 |
| Travelling expenses | 2,746 | 2,946 |
| Telephone and tolls | 27 | 5 |
| Depreciation | 551 | — |
| Total expenses | 24,688 | 24,294 |
| Excess of income over expenditure | 315,893 | 319,561 |
These financial statements are to be read in conjunction with the attached notes.
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VUW Te Waharoa —
NZ Gazette 1996, No 82
NZLII —
NZ Gazette 1996, No 82
✨ LLM interpretation of page content
💰 Audit Completion for West Coast Community Trust
💰 Finance & Revenue4 July 1996
Audit, Financial Statements, Trust, Hokitika
- DEVLIN WILDING FALVEY, Hokitika
💰 Balance Sheet as at 31 March 1996
💰 Finance & RevenueFinancial Statements, Balance Sheet, Investments, Trust
- J. KEENAN, Trustee
- A. R. GROOM, O.B.E., Trustee
💰 Income and Expenditure Account for the Year Ended 31 March 1996
💰 Finance & RevenueFinancial Statements, Income, Expenditure, Trust