New Zealand Gazette – 2003 – No. 89

Page 2311

✨ Community Trust Financial Statements



31 JULY

NEW ZEALAND GAZETTE

2311

Eastern & Central Community Trust Incorporated

Community Trusts Act 1999

Eastern & Central Community Trust Incorporated

Consolidated Statement of Financial Performance for the Year Ended 31 March 2003

Note 2003 $ 2002 $
Income:
Income from investments 2 (11,376,065)

| Less expenditure: | | |
| Advertising and promotion | 165,660 | 179,139 |
| Auditor fees – Trust audit | 8,000 | 11,500 |
| – Other services | 1,698 | 1,864 |
| Depreciation | 22,186 | 15,745 |
| Rent and occupancy | 50,665 | 49,689 |
| Professional fees | 80,271 | 129,867 |
| Trustee expenses | 42,048 | 39,907 |
| Trustee fees | 135,417 | 112,742 |
| Wages and salaries | 234,183 | 234,241 |
| Other expenses | 66,616 | 75,498 |
| Total expenditure | 806,743 | 850,192 |
| Less provision for tax | 3 | – | 193,770 |
| Net surplus/(deficit) | (12,182,808) | (2,823,374) |

The net surplus/(deficit) has been allocated as follows:
| Trust capital maintenance | – | 3,038,874 |
| Donation reserve transfer | (12,182,808) | (5,862,248) |

Consolidated Statement of Movements in Equity for the Year Ended 31 March 2003

Note 2003 $ 2002 $
Equity at start of period 121,840,792 131,688,108
Net surplus/(deficit) (12,182,808) (2,823,374)
Total recognised revenues and expenses (12,182,808) (2,823,374)
Net community donations 9 (4,225,556)
Equity at the end of period 105,432,428 121,840,792

Consolidated Statement of Financial Position as at 31 March 2003

Note 2003 $ 2002 $
Equity:
Trust capital 4 104,334,667
Donation reserve 5 1,097,761
Total trust funds 105,432,428 121,840,792

| Assets: | | |
| Investments in managed funds | 6 | 99,369,106 | 113,790,288 |
| Fixed assets | 7 | 49,623 | 28,155 |
| Accrued income | 72,814 | 75,142 |
| Cash and bank deposits | 8 | 9,449,192 | 13,014,417 |
| Total assets | 108,940,735 | 126,908,002 |

| Liabilities: | | |
| Sundry payables | 128,331 | 166,653 |
| Employee entitlements | 11,503 | 12,770 |
| Donations payable | 9 | 3,174,703 | 4,694,017 |
| Provision for tax | 3 | 193,770 | 193,770 |
| Total liabilities | 3,508,307 | 5,067,210 |
| Net assets | 105,432,428 | 121,840,792 |



Next Page →



Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2003, No 89


Gazette.govt.nz — PDF NZ Gazette 2003, No 89




✨ LLM interpretation of page content

🏢 Eastern & Central Community Trust Incorporated Financial Statements (continued from previous page)

🏢 State Enterprises & Insurance
Financial Performance, Movements in Equity, Financial Position, Income, Expenditure, Assets, Liabilities, Donations