New Zealand Gazette – 2002 – No. 131

Page 3533

✨ Financial Statements



5 SEPTEMBER NEW ZEALAND GAZETTE 3533

2002 2001
Occupancy costs 17,205 14,765
Office expenses 24,139 21,590
Professional fees 210,158 285,593
Promotion, reporting and compliance expenses 65,334 65,780
Salaries and staff costs 250,273 215,939
Trustees’ fees 150,697 119,940
Vehicle expenses 17,705 22,146
Total 1,302,801 1,513,924

3. Reserves

(a) Capital Maintenance Reserve

2002 2001
Opening balance of capital maintenance reserve 11,137,680 6,845,313
Transfer from statement of financial performance 4,412,418 5,058,343
Transfer to capital reserve (5,510,418) (765,976)
Closing balance 10,039,680 11,137,680

(b) Grants Maintenance Reserve

2002 2001
Opening balance of grants maintenance reserve 10,584,750 20,062,862
Transfer from statement of financial performance (8,659,693) (9,478,112)
Closing balance 1,925,057 10,584,750
Total reserves 11,964,737 21,722,430

4. Trust Capital

2002 2001
Opening balance of trust capital 158,460,000 158,460,000
Transfer from capital maintenance reserve 5,510,418 765,976
Less grants paid from capital (5,510,418) (765,976)
Closing balance 158,460,000 158,460,000

5. Professional Fees

2002 2001
Financial/taxation advisory 165,959 209,779
Legal 18,297 16,999
Other 25,902 58,815
Total 210,158 285,593

6. Auditor’s Remuneration

During the year the following amounts were paid to Ward Wilson, the group’s auditors:

2002 2001
For audit work 14,104 5,963
For other services – 2,216

7. Trustees’ Fees

Meeting fees and honorariums were paid to trustees as follows:

Trustee Meetings attended Fees 2002 Fees 2001
T. W. Harpur (appointed November 2000) 50 27,547 4,570
C. S. Ballantyne 35 19,677 28,810
A. R. Macdonald 22 11,213 7,570
F. G. Cardno 23 10,600 9,950
S. G. Palmer 34 14,240 11,190
J. D. Frampton 26 11,650 9,530
A. A. Broad (appointed November 2000) 24 11,120 4,150
N. J. Wyeth (appointed November 2000) 39 15,490 4,150
P. Redpath (appointed June 2001) 30 12,900 –
D. Williams (appointed June 2001) 25 11,450 –
W. A. Cambridge (retired June 2001) 4 2,500 14,980
P. Duffy (retired June 2001) 4 2,310 10,260


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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2002, No 131


Gazette.govt.nz — PDF NZ Gazette 2002, No 131




✨ LLM interpretation of page content

💰 Consolidated Financial Statements of The Community Trust of Southland (continued from previous page)

💰 Finance & Revenue
Community Trust, Financial Performance, Trust Funds, Financial Position, Southland
12 names identified
  • T. W. Harpur, Trustee, fees and meetings attended
  • C. S. Ballantyne, Trustee, fees and meetings attended
  • A. R. Macdonald, Trustee, fees and meetings attended
  • F. G. Cardno, Trustee, fees and meetings attended
  • S. G. Palmer, Trustee, fees and meetings attended
  • J. D. Frampton, Trustee, fees and meetings attended
  • A. A. Broad, Trustee, fees and meetings attended
  • N. J. Wyeth, Trustee, fees and meetings attended
  • P. Redpath, Trustee, fees and meetings attended
  • D. Williams, Trustee, fees and meetings attended
  • W. A. Cambridge, Trustee, retired
  • P. Duffy, Trustee, retired