2108

NEW ZEALAND GAZETTE

No. 78

Matamata Lions
Music and Art Waikato
Otorohanga District Council
Social Service Waikato
Te Awa Trust
Te Awamutu Events Centre Trust
Te Awamutu Music Federation
Te Awamutu Rowing Club
Te Kuiti Baptist Church
Te Runanga O Kirikiriroa
Tokoroa Golf Club
Uni Link
Waingaro Marae
Whitianga Community Resource
Total donations for the year
Represented by:
Donations paid from income
Donations paid from capital

2,500
90,000
(11,500)
90,000
10,000
100,000
2,500
3,000
(4,000)
5,000
(7,500)
42,000
30,000
20,000
10,764,350
8,621,350
2,143,000
10,764,350

Of this amount, $9,300,350 has been actually paid to community groups during the year.
The remainder of $1,464,000 represents donations which will be paid when it is clear to the trust that the project in question
will proceed and any other conditions have been met.
Donations payable at balance date are:
For the 2001/2002 year
1,464,000
For previous years
1,050,000
2,514,000

Audit Report to the Board of Trustees of Waikato Community Trust Incorporated

We have audited the financial report. The financial report provides information about the past financial performance of The
Waikato Community Trust Incorporated and its financial position as at 31 March 2002. This information is stated in
accordance with the accounting policies.

Board of Trustees’ Responsibilities

The board of trustees is responsible for the preparation, in accordance with New Zealand law and generally accepted
accounting practice, of a financial report which gives a true and fair view of the financial position of The Waikato Community
Trust Incorporated as at 31 March 2002 and of the results of its operations and cash flows for the year ended 31 March 2002.

Auditors’ Responsibilities

It is our responsibility to express an independent opinion on the financial report presented by the board of trustees and report
our opinion to you.

Basis of Opinion

An audit includes examining, on a test basis, evidence relevant to the amounts and disclosures in the financial report. It also
includes assessing:

• the significant estimates and judgements made by the board of trustees in the preparation of the financial report; and
• whether the accounting policies are appropriate to the trust’s circumstances, consistently applied and adequately disclosed.

We conducted our audit in accordance with New Zealand Auditing Standards. We planned and performed our audit so as to
obtain all the information and explanations which we considered necessary in order to provide us with sufficient evidence
to obtain reasonable assurance that the financial report is free from material misstatements, whether caused by fraud or error.
In forming our opinion, we also evaluated the overall adequacy of the presentation of information in the financial report.

Other than in our capacity as auditor, we have no relationship with or interests in The Waikato Community Trust Incorporated.

Unqualified Opinion

We have obtained all the information and explanations we have required.

In our opinion:

• proper accounting records have been kept by The Waikato Community Trust Incorporated as far as appears from our
  examination of those records; and
• the financial report:
  • complies with generally accepted accounting practice in New Zealand;
  • gives a true and fair view of the financial position of the trust as at 31 March 2002 and the results of its operations and
    cash flows for the year ended on that date.

Our audit was completed on 18 June 2002 and our unqualified opinion is expressed as at that date.

DELOITTE TOUCHE TOHMATSU, Chartered Accountants, Hamilton, New Zealand.

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A copy of these financial statements and a full list of 2001–2002 donations is available on request.

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