✨ Financial Statements and Trust Information
2236 NEW ZEALAND GAZETTE No. 85
Unqualified Opinion
We have obtained all the information and explanations we have required.
In our opinion:
-
proper accounting records have been kept by the trust and subsidiaries as far as appears from our examination of those records; and
-
the consolidated financial statements:
- comply with generally accepted accounting practice in New Zealand; and
- give a true and fair view of the financial position of the trust and subsidiaries as at 31 March 2003 and their financial performance and cash flows for the year ended on that date.
Our audit was completed on 26 May 2003 and our unqualified opinion is expressed as at that date.
PRICEWATERHOUSECOOPERS, Chartered Accountants, Christchurch, New Zealand.
A full list of all distributions of income by way of donations for the year ended 31 March 2003 is available from the trust’s office on request.
gs4750
The Community Trust of Otago
Community Trusts Act 1999
The Community Trust of Otago
Directory for the Year Ended 31 March 2003
Trustees: John Farry (chairperson), Dunedin; Hilary Allison (deputy chairperson), Dunedin; Nancy Bamford, Balclutha (retired May 2002); Duncan Butcher, Cromwell; Sally Hope, Oamaru; Russell Hendry, Dunedin; Clive Matthewson, Dunedin (retired May 2002); Alan McLay, Oamaru; Barbara Payton, Dunedin; Raewynne Pedofski, Dunedin (appointed May 2002); Mark Ryan, Dunedin; David Shepherd, Wanaka; Gail Tipa, Dunedin; Bill Thomson, Balclutha (appointed May 2002).
Chief Executive: Keith Ellwood.
Registered Office: Second Floor, Community Trust House, corner of Filleul Street and Moray Place, Dunedin.
Auditor: Taylor McLachlan, Dunedin.
Solicitor: Anderson Lloyd Caudwell, Dunedin.
Investment Advisors: Frank Russell Limited, Auckland.
Bankers: WestpacTrust, Dunedin.
Consolidated Statement of Financial Performance for the Year Ended 31 March 2003
| Note | 2003 | 2002 |
|---|---|---|
| $000 | $000 | |
| Revenue | 1 | (5,632) |
| Expenditure | 2 | (1,375) |
| Net deficit | (7,007) |
This deficit has been allocated to uncommitted surplus
Consolidated Statement of Movement in Trust Funds for the Year Ended 31 March 2003
| Note | 2003 | 2002 |
|---|---|---|
| $000 | $000 | |
| Total trust funds at beginning of year | 168,281 | |
| Net deficit | (7,007) | |
| Donations | ||
| – Paid from capital | (5,538) | |
| – Change in accounting policy | (5,380) | |
| Total trust funds at end of year | 150,356 |
Consolidated Statement of Financial Position as at 31 March 2003
| Note | 2003 | 2002 |
|---|---|---|
| $000 | $000 | |
| Source of funds— | ||
| Trust funds | 3 | 150,356 |
| Current liabilities: | ||
| Accounts payable | 97 | |
| Taxation payable | – | |
| Donations payable | 5,380 | |
| 155,833 |
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2003, No 85
Gazette.govt.nz —
NZ Gazette 2003, No 85
✨ LLM interpretation of page content
💰
Notes to the Financial Statements for the Year Ended 31 March 2003
(continued from previous page)
💰 Finance & Revenue26 May 2003
Community Trust, Financial Statements, Investment Income, Commissions, Expenses, Donations, Trust Funds
- PricewaterhouseCoopers, Chartered Accountants
💰 The Community Trust of Otago Directory for the Year Ended 31 March 2003
💰 Finance & RevenueCommunity Trust, Trustees, Chief Executive, Registered Office, Auditor, Solicitor, Investment Advisors, Bankers
15 names identified
- John Farry, Trustee and chairperson
- Hilary Allison, Trustee and deputy chairperson
- Nancy Bamford, Trustee, retired May 2002
- Duncan Butcher, Trustee
- Sally Hope, Trustee
- Russell Hendry, Trustee
- Clive Matthewson, Trustee, retired May 2002
- Alan McLay, Trustee
- Barbara Payton, Trustee
- Raewynne Pedofski, Trustee, appointed May 2002
- Mark Ryan, Trustee
- David Shepherd, Trustee
- Gail Tipa, Trustee
- Bill Thomson, Trustee, appointed May 2002
- Keith Ellwood, Chief Executive
💰 Consolidated Statement of Financial Performance for the Year Ended 31 March 2003
💰 Finance & RevenueFinancial Performance, Revenue, Expenditure, Net Deficit
💰 Consolidated Statement of Movement in Trust Funds for the Year Ended 31 March 2003
💰 Finance & RevenueTrust Funds, Net Deficit, Donations, Accounting Policy
💰 Consolidated Statement of Financial Position as at 31 March 2003
💰 Finance & RevenueFinancial Position, Trust Funds, Current Liabilities