✨ Financial Statements
NEW ZEALAND GAZETTE
No. 118
3216
| Legal fees | 546 | 1,163 |
| Postage, tolls and fax | 1,668 | 1,511 |
| Printing and stationery | 7,944 | 8,717 |
| Salary and wages | 87,860 | 87,082 |
| Professional fees: | ||
| – Accountancy and advisory | 10,401 | 12,932 |
| – Socio-economic study | 16,740 | – |
| – Taxation | 11,643 | 19,287 |
| Sundry administration expenses | 20,876 | 16,206 |
| Conference expenses | 7,342 | 4,644 |
| Internal Affairs Department costs | 6,625 | 4,388 |
| Trustees: | ||
| – Meeting expenses | 45,018 | 41,070 |
| – Travel | 6,115 | 7,195 |
| – Honoraria | 18,968 | 12,000 |
| Trustees' insurance | 3,847 | 3,391 |
| Trustees’ training | 2,105 | – |
| Staff recruitment | 7,945 | – |
| Total operating expenditure | 267,711 | 233,494 |
| Net income before movement in managed funds | 635,002 | 892,720 |
Movement in Managed Funds
| 2003 | 2002 | |
|---|---|---|
| Offshore debt | 669,981 | 94,065 |
| Offshore equity | (3,958,844) | (1,520,680) |
| New Zealand debt | 397,939 | (162,627) |
| New Zealand equity | (639,577) | 145,060 |
| Net deficit transferred to trust fund | (2,895,499) | (551,462) |
Consolidated Statement of Movements in Equity for the Year Ended 31 March 2003
| 2003 | 2002 | |
|---|---|---|
| Opening equity: | 34,729,876 | 36,821,154 |
| Net surplus/(loss) for year | (2,895,499) | (551,462) |
| Plus donations lapsed | 26,000 | 16,040 |
| Less donations approved | (723,410) | (1,555,856) |
| Closing equity | 31,136,967 | 34,729,876 |
Consolidated Statement of Financial Position as at 31 March 2003
| Note | 2003 | 2002 |
|---|---|---|
| Trust capital: | ||
| Capital base | 3 | 31,136,967 |
| Inflation reserve | 4 | – |
| General reserves | 5 | – |
| 31,136,967 | 34,729,876 |
Represented by—
Current assets:
| Provision for tax | 6 | 11,232 |
| WestpacTrust: | ||
| – Subsidiary company account | 3,141 | |
| – Current account | 74,401 | |
| – Ready access | – | |
| Sundry debtors | 31,652 | |
| Advances | 11 | 40,000 |
| Interest accrued | – | |
| 160,426 | 325,806 |
Less current liabilities:
| Sundry creditors | 96,612 | |
| Donations approved not yet paid | 8 | 461,904 |
| 558,516 | 713,335 | |
| Working capital | (398,090) |
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2003, No 118
Gazette.govt.nz —
NZ Gazette 2003, No 118
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Community Trust of Mid & South Canterbury Annual Report
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