✨ Financial Statements and Audit Report
17 AUGUST NEW ZEALAND GAZETTE 2297
(d) Goods and services tax
The trust is exempt from registration for Goods and Services Tax under section 14 (b) of the Goods and Services Tax Act.
These Financial Statements have therefore been prepared on a G.S.T. inclusive basis.
- Changes in accounting policies
There have been no material changes in accounting policies.
Audit Report
To the Readers of the Financial Statements of West Coast Community Trust Charitable Company Limited
We have audited the financial report of the company which provides information about the past financial performance of the company and its financial position as at 31 March 2000. This information is stated in accordance with the accounting policies set out.
Directors’ responsibilities
The directors are responsible for the preparation of a financial report which gives a true and fair view of the financial position of the company at 31 March 2000 and of the results of operations for the year ended 31 March 2000.
Auditors’ responsibilities
It is our responsibility to express an independent opinion on the financial report presented by the directors and report our opinion to you.
Basis of opinion
An audit includes examining, on a test basis, evidence relevant to the amounts and disclosures in the financial report. It also includes assessing:
- the significant estimates and judgements made by the directors in the preparation of the financial report, and
- whether the accounting policies are appropriate to the company’s circumstances, consistently applied and adequately disclosed.
We conducted our audit in accordance with generally accepted auditing standards in New Zealand. We planned and performed our audit so as to obtain all the information and explanations which we considered necessary in order to provide us with sufficient evidence to give reasonable assurance that the financial report is free from material misstatements, whether caused by fraud or error. In forming our opinion, we also evaluated the overall adequacy of the presentation of information in the financial report.
The offices of Wilding Smith & Co act as the registered office for the West Coast Community Trust Charitable Company Limited. Other than this and our capacity as auditors, we have no relationship with or interests in the company.
Unqualified opinion
We have obtained all the information and explanations we have required.
In our opinion:
- proper accounting records have been kept by the Company as far as appears from our examination of those records; and
- the financial report
- complies with generally accepted accounting practice;
- gives a true and fair view of the financial position of the company as at 31 March 2000 and the results of its operations for the year ended on that date.
Our audit was completed on 13 July 2000 and our unqualified opinion is expressed as at that date.
WILDING SMITH & CO, Hokitika.
West Coast Community Trust Charitable Company Limited
Balance Sheet as at 31 March 2000
| 2000 | 1999 | |
|---|---|---|
| Current Assets | $ | $ |
| ASB Bank Ltd | 764 | - |
| West Coast Community Trust | 64,510 | - |
| Total assets | 65,274 | Nil |
| Represented by: | ||
| Shareholders funds | ||
| Issued capital | ||
| Ordinary shares fully paid in cash | 100 | - |
| Revenue reserves | ||
| Retained earnings | 65,174 | - |
| Total shareholders funds | 65,274 | Nil |
Income and Expenditure Account for the Year Ended 31 March 2000
| 2000 | 1999 | |
|---|---|---|
| Income | $ | $ |
| Interest received – ASB Bank Ltd | 65,180 | Nil |
| Total gross income | 65,180 | Nil |
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2000, No 92
Gazette.govt.nz —
NZ Gazette 2000, No 92
✨ LLM interpretation of page content
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Notes to the Financial Statements for the Year Ended 31 March 2000
(continued from previous page)
💰 Finance & RevenueFinancial Statements, Accounting Policies, West Coast Community Trust
💰 Audit Report for West Coast Community Trust Charitable Company Limited
💰 Finance & Revenue13 July 2000
Audit, Financial Statements, West Coast Community Trust, Wilding Smith & Co
- Wilding Smith & Co
💰 Balance Sheet as at 31 March 2000
💰 Finance & RevenueBalance Sheet, Current Assets, Shareholders Funds, West Coast Community Trust
💰 Income and Expenditure Account for the Year Ended 31 March 2000
💰 Finance & RevenueIncome and Expenditure, Interest Received, West Coast Community Trust