New Zealand Gazette – 2001 – No. 75

Page 1802

✨ Financial Statements



NEW ZEALAND GAZETTE

No. 75

Notes

Donation reserve account—
Opening balance as at 1 April 2000
Allocation from prior years’ trust funds
Less:
Donations paid from prior years’ trust funds
Closing balance as at 31 March 2001

–
182,195
–

–
2,530,871

182,195
–

2,530,871
–

Consolidated Statement of Financial Position as at 31 March 2001

2001 $ 2000 $
Current assets:
Bank accounts 58,341 130,809
Short term deposit – 2,000,000
Investment property 5 –
Accounts receivable – trading 21,583 12,807
Accounts receivable – investment 29,724 195,169
Prepayments 1,566 2,958
Taxation refund 2,446 2,420
Total current assets 1,413,660 2,344,163

| | | |
| Less current liabilities: | | |
| Accounts payable – trading | 201,520 | 89,874 |
| Accounts payable – investment | 17,071 | 9,283 |
| Bank of New Zealand loan – current portion | 9 | 664,519 |
| Provision for taxation | 6 | 20,694 |
| Goods and services tax | 3,544 | 3,092 |
| Total current liabilities | 886,654 | 165,750 |
| Net current assets | 527,006 | 2,178,413 |

| | | |
| Non current assets: | | |
| Fixed assets | 3 | 36,116 |
| Investments | 4 | 44,840,947 |
| Total non current assets | 44,877,063 | 50,300,716 |

| | | |
| Non current liabilities: | | |
| Bank of New Zealand loan – term portion | 9 | 664,518 |
| Total non current liabilities | – | 664,518 |
| Net assets | 45,404,069 | 51,814,611 |

| | | |
| Represented by: | | |
| Trust funds | 45,404,069 | 51,814,611 |
| Total trust funds | 45,404,069 | 51,814,611 |

For and on behalf of the board of trustees:
PETER RICHARDSON, Chairperson.
PETER WILLIS, Trustee.
Date: 31 May 2001.

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

2001 $ 2000 $
Cash flows from operating activities—
Cash was provided from:
Interest on investments 20,585 2,285
Rental income 138,375 138,375
OPEX recovered 21,772 8,312
G.S.T. received 38 –
Donations returned 1,000 –
Total 181,770 148,972

| Cash was applied to: | | |
| Payments to suppliers | (309,317) | (297,513) |
| Payments to fund managers | (152,413) | (176,486) |
| Payments to trustees | (64,109) | (48,594) |
| Donations to community | (3,476,738) | (4,944,404) |
| Tax paid | (26) | (3) |



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2001, No 75


Gazette.govt.nz — PDF NZ Gazette 2001, No 75




✨ LLM interpretation of page content

💰 Trust Bank Wellington Community Trust Financial Performance (continued from previous page)

💰 Finance & Revenue
31 May 2001
Community Trust, Financial Performance, Donations, Investment Income, Rental Income
  • PETER RICHARDSON, Chairperson
  • PETER WILLIS, Trustee