✨ Financial Statements
24 JULY
NEW ZEALAND GAZETTE 2237
Employment of funds—
Current assets:
- Current account – WestpacTrust 174 330
- Short term bank deposits 31 621
- Debtors 111 4
- Stock on hand 9 12
325 967
Non current assets:
- Managed funds 5 154,031 165,880
- Fixed assets 6 1,227 1,304
- Advance to Dunedin Community House Trust 11 250 250
155,508 167,434
155,833 168,401
Approved on behalf of the board:
JOHN FARRY RUSSELL HENDRY
Chairperson. Trustee.
20 June 2003 20 June 2003
Consolidated Statement of Cashflows for the Year Ended 31 March 2003
| 2003 | 2002 | |
|---|---|---|
| $000 | $000 |
Cashflows from operating activities—
Cash was provided from:
- Interest received on investments 34 76
- Other 136 136
170 212
Cash was disbursed on:
- Payment to suppliers and staff 945 983
- Fund managers’ fees 374 721
1,319 1,704
Net cash inflow/(outflow) from operating activities (1,149) (1,492)
Cashflow from investing activities—
Receipts from fund managers for:
- Donations 5,567 11,000
- Management fees 374 758
5,941 11,758
Cash was distributed on:
- Purchase of fixed assets – (26)
Net cash inflow/(outflow) from funding activities 5,941 11,732
Cashflow from funding activities—
Cash was distributed on:
- Donations to charitable organisations (5,538) (9,721)
Net cash inflow/(outflow) from funding activities (5,538) (9,721)
Net increase/(decrease) in cash held (746) 519
Add opening cash brought forward 951 432
Ending cash carried forward 205 951
Cash comprises:
- Cash at bank 174 330
- Term deposits 31 621
205 951
Notes to the Consolidated Financial Statements for the Year Ended 31 March 2003
Basis of Preparation
These are the consolidated financial statements of The Community Trust of Otago, Otago Community Trust Charities Limited, The Community Trust Amateur Sports Co Limited, The Community Trust District Improvement Co Limited and Fillmor House Limited. The Community Trust of Otago was incorporated as a charitable trust in accordance with the provisions of the Community Trusts Act 1999.
The financial statements have been prepared to comply with the Financial Reporting Act 1993 and comprise consolidated statements of the following: Financial performance, movement in trust funds, financial position, cashflows, as well as notes to these financial statements.
The financial statements are prepared on the basis of historical cost, except for the revaluation of managed funds.
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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
💰 Employment of Funds
💰 Finance & RevenueCurrent assets, Non-current assets, Managed funds, Fixed assets
💰 Consolidated Statement of Cashflows for the Year Ended 31 March 2003
💰 Finance & RevenueCashflows, Operating activities, Investing activities, Funding activities
💰 Notes to the Consolidated Financial Statements for the Year Ended 31 March 2003
💰 Finance & RevenueFinancial statements, Community Trust of Otago, Financial Reporting Act 1993