✨ Financial Statements
NEW ZEALAND GAZETTE
No. 123
The Community Trust of Southland
Community Trusts Act 1999
The Community Trust of Southland
Financial Statements for the Year Ended 31 March 2000
The trustees are pleased to present the financial statements of the Community Trust of Southland for the year ended 31 March 2000.
Dated this 21st day of August 2000.
For and on behalf of the Board of Trustees:
C. S. BALLANTYNE, Chairman.
W. A. CAMBRIDGE, Trustee.
Consolidated Statement of Financial Performance for the Year Ended 31 March 2000
| Note | 2000 $ | 1999 $ |
|---|---|---|
| Total investment income | 1 | 15,190,681 |
| Total expenditure | 2 | 1,695,953 |
| Net surplus before taxation | 13,494,728 | |
| Taxation | 15 | - |
| Net surplus after taxation | 13,494,728 | |
| Share of income of Invest South Limited | 7 | 35,808 |
| Net surplus for the year before distribution | 13,530,536 | |
| Transfer to capital maintenance reserve | (3,034,099) | |
| 10,496,437 | ||
| Donations to tax approved entities | (9,039,544) | |
| Net surplus transferred to grants maintenance reserve | 1,456,893 |
Consolidated Statement of Movements in Trust Funds for the Year Ended 31 March 2000
| Note | 2000 $ | 1999 $ |
|---|---|---|
| Trust capital at beginning of year | 181,468,346 | |
| Less grants paid from capital | 4B | (591,163) |
| Net surplus for the year transferred to grants maintenance reserve | 4 | 1,456,893 |
| Increase in capital maintenance reserve | 3 | 3,034,099 |
| Trust capital at end of year | 185,368,175 |
Consolidated Statement of Financial Position as at 31 March 2000
| Note | 2000 $ | 1999 $ |
|---|
Funds employed—
| Trust capital | 4B | 158,460,000 | 158,460,000 |
| Capital maintenance reserve | | 6,845,313 | 4,402,377 |
| Grants maintenance reserve | 4 | 20,062,862 | 18,605,969 |
| Total capital and reserves | 15 | 185,368,175 | 181,468,346 |
Liabilities—
Current liabilities:
| Accounts payable | | 285,844 | 448,887 |
| Grants committed but not paid | | 9,885,821 | 8,871,349 |
| Total liabilities | | 10,171,665 | 9,320,236 |
| Total capital and liabilities | | 195,539,840 | 190,788,582 |
Assets—
Current assets:
| WestpacTrust cheque account | | 9,645 | 10,224 |
| Accounts receivable and interest accrued | | 19,772 | 60,279 |
| Total current assets | | 29,417 | 70,503 |
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2000, No 123
Gazette.govt.nz —
NZ Gazette 2000, No 123
✨ LLM interpretation of page content
💰 Community Trust of Southland Financial Statements
💰 Finance & Revenue21 August 2000
Financial Statements, Trust Funds, Southland, Income, Expenditure, Surplus
- C. S. Ballantyne, Chairman
- W. A. Cambridge, Trustee