New Zealand Gazette – 2002 – No. 126

Page 3393

✨ Financial Statements



29 AUGUST

NEW ZEALAND GAZETTE 3393

Less operating expenditure:

2002 2001
Advertising 9,855 8,024
Auditors’ fees 4,050 4,050
Interest 3 16
Legal fees 1,163 6,238
Postage, tolls and fax 1,511 2,381
Printing and stationery 8,717 9,154
Salary and wages 87,082 73,586
Professional fees:
– Accountancy and advisory 12,932 10,850
– Strategic plan – 2,343
– Taxation 19,287 13,685
Sundry administration expenses 16,206 14,905
Conference expenses 4,644 –
Internal Affairs Department costs 4,388 –
Trustees:
– Meeting expenses 41,070 42,271
– Travel 7,195 10,227
– Honoraria 12,000 13,428
Trustees’ insurance 3,391 3,375
Total operating expenditure 233,494 214,533
Net income 378,495 3,498,876
Unrealised capital gains/(losses): Managed funds (929,957) (3,112,308)
Deficit transferred to the trust fund (551,462) 386,568

Consolidated Statement of Movements in Equity for the Year Ended 31 March 2002

2002 2001
Opening equity 36,821,154 38,857,463
Net surplus/(loss) for year (551,462) 386,568
Plus donations returned 16,040 1,700
Less donations approved (1,555,856) (2,365,011)
Less prior period tax adjustment – (59,566)
Closing equity 34,729,876 36,821,154

Consolidated Statement of Financial Position as at 31 March 2002

Note 2002 2001
Trust capital:
Capital base 3 32,087,148
Inflation reserve 4 2,539,687
General reserve 5 103,041
2,194,319
34,729,876 36,821,154

Represented by—

| | | |
| Current assets: | | |
| Provision for tax | 6 | 7,501 |
| WestpacTrust: | | 7,501 |
| – Subsidiary company account | | 9,395 |
| – Current account | | 15,038 |
| – Ready access | | 100 |
| – Term deposits | | – |
| Sundry debtors | | 58,799 |
| Advances | 11 | 80,000 |
| Interest accrued | | 154,973 |
| Total current assets | | 325,806 |

| Less current liabilities: | | 1,235,089 |
| Sundry creditors | | 64,124 |
| Donations approved not yet paid | | 649,211 |
| Total current liabilities | | 713,335 |

| Working capital | | (387,529) |

2001
98
90,778
784,929
17,445
120,000
214,338
1,251,234
20,974
1,230,440
(16,145)


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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2002, No 126


Gazette.govt.nz — PDF NZ Gazette 2002, No 126




✨ LLM interpretation of page content

💰 Annual Report and Consolidated Financial Statements for the Year Ended 31 March 2002 (continued from previous page)

💰 Finance & Revenue
26 August 2002
Community Trust, Financial Statements, Donations, Mid and South Canterbury