New Zealand Gazette – 2003 – No. 118

Page 3220

✨ Financial Statements and Grants



3220

NEW ZEALAND GAZETTE

No. 118

SC Car Club
5,000
5,000

SC Cricket Development Trust
75,000
75,000

SC Sports Stadium Trust
100,000
100,000

St. Augustines Anglican Church
–
25,000

Ashburton Area Equestrian Federation
1,000
1,000

Ashburton Sports Hall
–
15,000

Ashburton Eastern United Soccer Club
450
450

Ashburton Hockey Assn
900
900

Ashburton Musical Parenting
165
165

Mania-o-roto Rover Scout Crew
20,000
20,000

Methven Soccer Club
–
300

Mid Canterbury Soccer
500
500

Mt Somers/Mayfield Order of St. John
–
8,000

Geraldine Amateur Swimming Club
–
30,000

Fairlie Museum Inc.
500
500

Mackenzie Junior Netball
500
500

Twizel Community Board – Project 2000
–
100,000

S C Aviation Heritage Centre
–
2,000

Temuka Community Care Trust
–
5,000

Air Training Corp 15th Squadron
200
200

Athletics S C All Weather Track Trust
100,000
100,000

Caroline House Inc.
36,000
36,000

Parenting With Confidence
–
2,500

S C Victim Support
–
750

Project Waimate
5,000
5,000

Waimate Community Youth Groups
–
300

SC Conservation Trust
500
–

Aoraki Polytechnic
7,000
–

Caroline House Inc.
5,000
–

Studholme District History Committee
1,000
–

Geraldine Amateur Swim Club
30,000
–

Ashburton College Technology
46,689
–

9. Capital Commitments
There were no capital commitments (2002 – $Nil).

10. Contingent Liabilities
There were no contingent liabilities at 31 March 2003 (2002 – $297,384).

11. Advances
The trust made an advance to the Aorangi Park Trust. The balance outstanding at balance date was $40,000 (2001– $80,000). The advance is reduced each year by a donation from the trust of $40,000. The final donation will be made during the year ended 31 March 2004.

12. Financial Instruments

Fair Values
Investments are stated at estimated market value at balance date. Interest accrued, sundry debtors, sundry creditors, term loans and donations approved, not yet paid, are stated at the amounts expected to be received or paid. Accordingly, the trustees consider that the fair value of each class of financial assets and financial liabilities is the same as the carrying value in the statement of financial position.

Credit Risk
Sixty-six per cent of the assets of the trust are represented by debt investments and current account balances with WestpacTrust and through managed fund. The trustees consider the risk of non-recovery of these investments at balance date to be within satisfactory guidelines.

The maximum exposure to credit risk of other financial instruments are:

2003 2002
Debtors $31,652 $58,799
Advances $40,000 $80,000
Interest accrued – $154,973
Managed fund equities $11,043,277 $16,448,081
Total $11,114,929 $16,741,853


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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2003, No 118


Gazette.govt.nz — PDF NZ Gazette 2003, No 118




✨ LLM interpretation of page content

🎓 Community Trust of Mid & South Canterbury Annual Report (continued from previous page)

🎓 Education, Culture & Science
25 August 2003
Annual Report, Financial Statements, Cash Flows, Donations, Investments

💰 Financial Instruments and Credit Risk

💰 Finance & Revenue
Financial Instruments, Credit Risk, Investments, Debtors, Advances