New Zealand Gazette – 2001 – No. 119

Page 3119

✨ Community Trust Financial Statements



6 SEPTEMBER

NEW ZEALAND GAZETTE

3119

Advances

2001 ($) 2000 ($)
11 120,000 160,000
Interest accrued 214,338 186,431
1,235,089 2,027,441

Less current liabilities:

8 2001 ($) 2000 ($)
Sundry creditors 20,974 583,164
Donations approved not yet paid 1,230,440 191,740
Total current liabilities 1,251,234 774,904
Working capital (16,145) 1,252,537

Add non current assets—

2 2001 ($) 2000 ($)
Investments – Managed funds debt 19,545,615 17,717,217
– Managed funds equity 2 17,291,684 19,887,709
Net assets 36,821,154 38,857,463

Signed on behalf of the board of trustees.
P. F. McILRAITH, Chairperson.
C. E. BRAND, Trustee.
Date: 27 August 2001.

Consolidated Statement of Cash Flows for the Year Ended 31 March 2001

Cash flows from operating activities—

Cash was provided from:

2001 ($) 2000 ($)
Interest on deposits 41,430 335,662
Dividends – 51,638
Sundry – 21,481
41,430 408,781

Cash was applied to:

2001 ($) 2000 ($)
Suppliers of goods and services (231,601) (162,286)
Donations paid (1,262,700) (1,198,434)
(1,494,301) (1,360,720)

Net cash flows from operating activities | (1,452,871) | (951,939) |

Cash flows from investing activities—

Cash was provided from:

2001 ($) 2000 ($)
Redemption of investments – 20,615,983
Withdrawal of managed funds 1,234,791 935,632
1,234,791 21,551,615

Cash was applied to:

2001 ($) 2000 ($)
Community House Trust – (11,239)
Managed funds – (34,922,352)

Net cash flows from investing activities | 1,169,791 | (13,381,976)|

Increase/(decrease) in cash held | (218,080) | (14,333,915)|
Add opening cash 1 April 2000 | 1,093,885 | 15,427,800 |
Cash as at 31 March 2001 | 875,805 | 1,093,885 |

Comprised of—

2001 ($) 2000 ($)
WestpacTrust:
Subsidiary company account 98 22,383
Current account 90,778 45,848
Prime call account – 68,342
Term deposit 784,929 957,312
875,805 1,093,885

Reconciliation of Net Surplus and Net Cash Flows From Operating Activities

2001 ($) 2000 ($)
Net surplus transferred to equity 386,568 4,210,393
Plus donations returned 1,700 –
Less donations approved (2,365,011) (1,198,434)
Less prior period tax adjustment – –
(2,036,309) 3,011,959


Next Page →



Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2001, No 119


Gazette.govt.nz — PDF NZ Gazette 2001, No 119




✨ LLM interpretation of page content

💰 Community Trust of Mid & South Canterbury Inc. Annual Report (continued from previous page)

💰 Finance & Revenue
27 August 2001
Community Trust, Annual Report, Financial Statements, Donations, Strategic Planning, Volunteer Support, Trustee Appointments
  • P. F. McILRAITH, Chairperson
  • C. E. BRAND, Trustee