✨ Financial Statements
NEW ZEALAND GAZETTE
No. 119
Sundry income
21,481
Total income
3,901,276 2,447,825
Less expenses—
Direct investment expenditure:
Management fees 171,674 109,367
Consultancy fees 16,193 18,495
Loss on redemption of government stock – 1,434
Loss on sale of investments – 118,342
Total direct investment expenditure 187,867 247,638
Less operating expenditure:
Advertising 8,024 4,236
Auditor’s fees 4,050 4,050
Interest 16 –
Legal fees 6,238 2,252
Postage, tolls and fax 2,381 1,774
Printing and stationery 9,154 12,023
Salary and wages 73,586 57,894
Professional fees:
– Accountancy and advisory 10,850 10,285
– Strategic plan 2,343 –
– Taxation 13,685 –
Sundry administration expenses 14,905 11,695
Trustees:
– Meeting expenses 42,271 25,596
– Travel 10,227 5,466
– Honoraria 13,428 11,077
Trustees insurance 3,375 –
Total operating expenditure 214,533 146,348
Net income 3,498,876 2,053,839
Unrealised capital gains/(losses): Managed funds (3,112,308) 2,156,554
Surplus transferred to the trust fund 386,568 4,210,393
Consolidated Statement of Movements in Equity for the Year Ended 31 March 2001
| 2001 | 2000 | |
|---|---|---|
| Opening equity | 38,857,463 | 35,790,684 |
| Net surplus/(loss) for year | 386,568 | 4,210,393 |
| Plus donations returned | 1,700 | – |
| Less donations approved | (2,365,011) | (1,143,614) |
| Less prior period tax adjustment | (59,566) | – |
| Closing equity | 38,857,463 | 38,857,463 |
Consolidated Statement of Financial Position as at 31 March 2001
Note 2001 2000
Trust capital:
General fund 3 32,087,148 32,087,148
Inflation reserve 4 2,539,687 1,498,550
Uncommitted surplus 5 2,194,319 5,271,765
Represented by—
Current assets:
Provision for tax 6 7,501 67,067
WestpacTrust:
– Subsidiary company account 98 90,778 22,383
– Current account – 45,848
– Prime call account – 68,342
– Term deposits 784,929 957,312
Sundry debtors 17,445 520,058
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2001, No 119
Gazette.govt.nz —
NZ Gazette 2001, No 119
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Community Trust of Mid & South Canterbury Inc. Annual Report
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