New Zealand Gazette – 2001 – No. 97

Page 2536

✨ Community Trust Financial Statements



2536

NEW ZEALAND GAZETTE

No. 97

Two new trustees joined us in November 2000. Pam McLeod from Taupo and Terri Eggleton from Whakatane have brought their own perspectives to the table and we welcome them. These appointments are for a term of four years and with the appointment of four new trustees in 1999, there has been a large turn around of trustees, six of twelve in two years. This is healthy as it means there is new thinking and constant rejuvenation at the board table.

In this the Year of the Volunteer, I very sincerely congratulate each and every organisation which has received a donation from the trust and I acknowledge the contribution that volunteers make to our communities. This trust has very few “hard and fast” rules when it comes to considering donations except that the project must enhance your community and that foremost in our minds is the contribution being made by the volunteers within a particular organisation.

In conclusion, may I say it has been a very rewarding year as chairman and I thank my fellow trustees for all their hard work and diligence. I would also like to sincerely thank our trust manager Bruce Cronin and donations officer Cindy Currie for their smooth running of the trust. Their enthusiasm and attention to all their tasks is exemplary.

GLENYS SEARANCKE, Chair.

Date: 12 June 2001.

Consolidated Statement of Financial Performance for the Year Ended 31 March 2001

2001 $(000) 2000 $(000)
Income:
Dividends 4,804 1,327
Interest 2,846 2,238
Other investment income (including unrealised income) (5,187) 7,347
Donations cancelled and refunded 11 17
2,474 10,929

| Less expenditure: | | |
| Advertising | 62 | 64 |
| Audit fees | 6 | 6 |
| Accountancy fees | 17 | 16 |
| Portfolio management and advisory fees | 295 | 330 |
| Office administration | 164 | 164 |
| Office rental | 14 | 14 |
| Other administration costs | 25 | 42 |
| Trustees’ fees | 91 | 105 |
| Trustees expenses | 64 | 59 |
| | 738 | 800 |
| Depreciation | 8 | 10 |
| Total operating costs | 746 | 810 |
| Net surplus before donations | 1,728 | 10,119 |
| Donations round | 3,682 | 2,285 |
| Net surplus/(deficit) after donations | (1,954) | 7,834 |

| Plus/(less) transfers: | | |
| Income fluctuation reserve | 4,119 | (4,942) |
| Inflation and population reserve | (2,897) | (636) |
| Regional facilities reserve | 1,000 | (1,926) |
| Net surplus after reserve transfers | 2,222 | (7,504) |
| | 268 | 330 |

The accompanying notes form part of these financial statements.

Consolidated Statement of Movements in Equity for the Year Ended 31 March 2001

2001 $(000) 2000 $(000)
Equity at 1 April 2000 118,776 111,272
Less donations paid from capital:
Donations round (222) (272)
Dillon Scholarship (46) (58)
118,508 110,942
Net surplus 268 330
Increase/(decrease) in income fluctuation reserve (4,119) 4,942
Increase/(decrease) in inflation and population reserve (2,897) 636
Increase/(decrease) in regional facilities reserve (1,000) 1,926
Total recognised revenue and expenses for the year 1,954 7,834
Equity at 31 March 2001 116,554 118,776

The accompanying notes form part of these financial statements.



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2001, No 97


Gazette.govt.nz — PDF NZ Gazette 2001, No 97




✨ LLM interpretation of page content

🏢 Bay of Plenty Community Trust Incorporated Annual Report

🏢 State Enterprises & Insurance
12 June 2001
Community Trust, Annual Report, Financial, Donations, Bay of Plenty
  • Pam McLeod, New trustee appointed
  • Terri Eggleton, New trustee appointed
  • Bruce Cronin, Trust manager acknowledged
  • Cindy Currie, Donations officer acknowledged

  • Glenys Searancke, Chair

🏢 Consolidated Statement of Financial Performance

🏢 State Enterprises & Insurance
Financial Performance, Income, Expenditure, Donations, Bay of Plenty

🏢 Consolidated Statement of Movements in Equity

🏢 State Enterprises & Insurance
Equity, Financial Statements, Donations, Bay of Plenty