✨ Community Trust Financial Statements
2680
NEW ZEALAND GAZETTE
No. 107
Signed on behalf of the Board of Trustees:
G. P. SEARANCKE, Chairman.
B. J. Scantlebury, Trustee.
Date 23 June 2000.
(The accompanying notes form part of these financial statements.)
Consolidated Statement of Cash Flows for the Year Ended 31 March 2000
Cash flows from operating activities—
Cash was provided from:
Investment income 10,923 9,229
Other 17 7
10,940 9,236
Cash was dispersed to:
Suppliers of goods and services (695) (499)
Trustees (100) (63)
Donations to the community (2,572) (2,777)
Dillon Memorial Scholarship (58) (47)
(3,425) (3,386)
Net cash flows from operating activities 7,515 5,850
Cash flows from investing activities—
Cash was provided from:
Sale of investments 13,800 18,926
Cash was applied to:
Purchase of fixed assets (14) (3)
Purchase of investments (21,386) (24,945)
Net cash outflows from investing activities (7,600) (6,022)
Increase (decrease) in cash held (84) (172)
Add cash at 1 April 1999 187 359
Cash at 31 March 2000 103 187
Reconciliation of net surplus and net cash flows from operating activities—
Net surplus transferred to equity 7,833 6,320
Less payments out of capital (net) (330) (341)
Add (less) non cash items:
Depreciation of fixed assets 10 9
Movement in working capital:
Decrease/(increase) in accounts receivable 12 (3)
Increase/(decrease) in accounts payable (10) (135)
Net cash flows from operating activities 7,515 5,850
(The accompanying notes form part of these financial statements.)
Notes to the Financial Statements for the Year Ended 31 March 2000
1. Statement of accounting policies
Reporting entity
The Trust is a charitable trust in accordance with the provisions of the Community Trusts Act 1999. The group consists of Bay of Plenty Community Trust Inc and its subsidiary Bay of Plenty Community Trust Charities Limited.
The financial statements have been prepared as required by the Community Trusts Act 1999 and the trust deed dated 30 May 1988 and in accordance with the Financial Reporting Act 1993.
Measurement base
The accounting principles recognised as appropriate for the measurement and reporting of financial performance and financial position on an historical cost basis are followed by the Group, with the exception of investments which are stated at market value as at 31 March 2000.
Specific accounting policies
The following specific accounting policies which materially affect the measurement of financial performance and the financial position have been applied:
(a) Donations:
Donations made during the year from revenue are included in the income statement. Those made from Trust Capital have been included in the Statement of Movements in Equity.
(b) Investments:
All investments are stated at assessed market value.
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2000, No 107
Gazette.govt.nz —
NZ Gazette 2000, No 107
✨ LLM interpretation of page content
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Bay of Plenty Community Trust Incorporated Annual Report
(continued from previous page)
💰 Finance & Revenue23 June 2000
Community Trust, Annual Report, Financial Performance, Donations, Reserves, Cash Flows, Accounting Policies
- G. P. Searancke, Chairman
- B. J. Scantlebury, Trustee