New Zealand Gazette – 2002 – No. 94

Page 2562

✨ Community Trust Financial Statements



2562

NEW ZEALAND GAZETTE

No. 94

I thank my fellow trustees for their excellent input to the trust. We have had three retirements – Glenys Searancke, Brian Scantlebury and Timi te Heuheu. I thank them sincerely for their valuable contributions to our trust over many years and welcome Maria Ngatai, Vaughan Payne and Luke Martin as their replacements.

Each of our trustees offers valuable experience, perspective and knowledge. This not only ensures that the trust remains in touch with the needs of its communities, but the changes ensure that the trust continues to develop and grow and remain entirely relevant for our ever-changing communities.

Lastly, I say thank you to the trust’s staff, manager Bruce Cronin and donations officer Cindy Currie for the enthusiasm and effort in administering the Bay of Plenty Community Trust.

RAY SHARP, Chairman.

Date: 20 June 2002.

Consolidated Statement of Financial Performance for the Year Ended 31 March 2002

2002 $(000) 2001 $(000)
Income:
Dividends 6,440 4,804
Interest 2,811 2,846
Other investment income (including unrealised income) (6,844) (5,187)
Donations cancelled and refunded 18 11
2,425 2,474
Less expenditure:
Advertising/public reporting 48 62
Audit fees 6 6
Accountancy fees 9 17
Portfolio management and advisory fees 327 295
Office administration 190 164
Office rental 14 14
Other administration costs 32 25
Trustees’ fees 103 91
Trustees’ expenses 72 64
Depreciation 801 738
Loss on disposal of assets 8 –
Total operating costs 810 746
Net surplus before donations 1,615 1,728
Donations round 3,233 3,682
Net surplus/(deficit) after donations (1,618) (1,954)
Plus/(less) transfers:
Income fluctuation reserve 1,005 4,119
Inflation and population reserve (62) (2,897)
Regional facilities reserve 926 1,000
Net surplus after reserve transfers 251 268

(The accompanying notes form part of these financial statements.)

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

2002 $(000) 2001 $(000)
Equity at 1 April 2001 116,554 118,776
Less donations paid from capital:
Donations round (207) (222)
Dillon Scholarship (44) (46)
116,303 118,508
Net surplus 251 268
Increase/(decrease) in income fluctuation reserve (1,005) (4,119)
Increase/(decrease) in inflation and population reserve 62 2,897
Increase/(decrease) in regional facilities reserve (926) (1,000)
Total recognised revenue and expenses for the year (1,618) (1,954)
Equity at 31 March 2002 114,685 116,554

(The accompanying notes form part of these financial statements.)



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2002, No 94


Gazette.govt.nz — PDF NZ Gazette 2002, No 94




✨ LLM interpretation of page content

🏥 Bay of Plenty Community Trust Annual Report (continued from previous page)

🏥 Health & Social Welfare
20 June 2002
Community Trust, Annual Report, Bay of Plenty, Charitable Activities, Donations, Trustees
8 names identified
  • Glenys Searancke, Retired trustee
  • Brian Scantlebury, Retired trustee
  • Timi te Heuheu, Retired trustee
  • Maria Ngatai, New trustee
  • Vaughan Payne, New trustee
  • Luke Martin, New trustee
  • Bruce Cronin, Trust manager
  • Cindy Currie, Donations officer

  • Ray Sharp, Chairman

💰 Consolidated Statement of Financial Performance

💰 Finance & Revenue
Financial Performance, Income, Expenditure, Donations, Surplus, Bay of Plenty Community Trust

💰 Consolidated Statement of Movements in Equity

💰 Finance & Revenue
Equity, Donations, Reserve Transfers, Financial Statements, Bay of Plenty Community Trust