✨ West Coast Community Trust Financial Statements
1870 NEW ZEALAND GAZETTE No. 75
Our audit was completed on 26 June 1997 and our unqualified opinion is expressed as at that date.
B. SMITH, Wilding Smith & Co., Hokitika.
West Coast Community Trust Balance Sheet as at 31 March 1997
| This Year $ | Last Year $ | |
|---|---|---|
| Current assets— | ||
| ASB Bank Limited | 28,875 | 37,623 |
| Accrued interest | 170,840 | 93,238 |
| 199,715 | 130,861 | |
| Investments— | ||
| Bank of New Zealand Limited | 739,581 | 1,208,503 |
| ASB Bank Limited | 1,700,000 | 1,150,000 |
| National Bank Limited | 800,000 | 1,250,000 |
| Westpac Banking Corporation Limited | 455,000 | — |
| TCNZ Finance Limited | 50,000 | 50,000 |
| Lion Nathan Limited | 50,000 | 50,000 |
| Wrightson Finance Limited | — | 440,111 |
| 4,238,105 | 4,148,614 | |
| Fixed assets— | ||
| Office equipment | 873 | 1,424 |
| 4,438,693 | 4,280,899 | |
| Less liabilities— | ||
| Sundry creditors | 205 | 147 |
| $4,438,488 | $4,280,752 | |
| Represented by: | ||
| Accumulated funds— | ||
| Opening balance | 4,280,751 | 4,097,689 |
| Add retained surplus for year | 157,737 | 183,063 |
| $4,438,488 | $4,280,752 |
J. KEENAN, q.s.o., J.P., Trustee.
M. MOIR, q.s.o., J.P., Trustee.
These financial statements are to be read in conjunction with the attached notes.
West Coast Community Trust Income and Expenditure Account for the Year Ended 31 March 1997
| This Year $ | Last Year $ | |
|---|---|---|
| Income— | ||
| Interest received— | ||
| ASB Bank Limited | 98,165 | 133,921 |
| National Bank Limited | 102,319 | 108,602 |
| Bank of New Zealand Limited | 68,492 | 29,964 |
| ANZ Bank Limited | — | 2,634 |
| Westpac Banking Corporation Limited | 37,659 | — |
| TCNZ Finance Limited | 4,850 | 4,850 |
| Lion Nathan Limited | 6,395 | 6,412 |
| Wrightson Finance Limited | 34,413 | 54,198 |
| St Mary's Club | 30 | — |
| 352,323 | 340,581 | |
| Less expenses— | ||
| Advertising | 2,716 | 2,536 |
| Accident compensation levies | 102 | 74 |
| Bank charges | 22 | 30 |
| Catering/hall hire | 263 | 217 |
| Photocopying | 39 | 177 |
| Postages | 463 | 409 |
| Printing and stationery | 1,138 | 599 |
| Accountancy and audit fees | 1,785 | 1,983 |
| Remuneration—trustees | 10,340 | 9,780 |
| Secretarial fee | 7,200 | 5,559 |
| Travelling expenses | 3,873 | 2,746 |
| Telephone and tolls | 9 | 27 |
| 27,950 | 24,137 |
Next Page →
NZ Gazette 1997, No 75
✨ LLM interpretation of page content
💰
West Coast Community Trust Financial Statements and Audit Report
(continued from previous page)
💰 Finance & RevenueFinancial Statements, Audit Report, West Coast Community Trust
- B. Smith, Audit opinion
- J. Keenan (Q.S.O., J.P.), Trustee
- M. Moir (Q.S.O., J.P.), Trustee
- B. Smith, Wilding Smith & Co., Hokitika
- J. Keenan, Q.S.O., J.P., Trustee
- M. Moir, Q.S.O., J.P., Trustee