✨ Financial Statements
19 AUGUST 2004 NEW ZEALAND GAZETTE, No. 101
2519
The Community Trust of Wellington
Community Trusts Act 1999
The Community Trust of Wellington and its Subsidiary Company
Consolidated Statement of Financial Performance for the Year Ended 31 March 2004
| Notes | 2004
$ | 2003
$ |
| --- | --- | --- |
| Income: | | |
| Investment income (net) | 9 | 2,291,209 | (7,271,617) |
| Interest received | | 872,884 | 286,981 |
| Donations returned | | 1,297 | 20,190 |
| Rental income | | 103,472 | 106,567 |
| Other income | | 35,742 | 80 |
| Total income | | 3,304,604 | (6,857,879) |
| Less expenses: | | |
| Auditors’ fees | | 7,989 | 9,000 |
| Depreciation | | 8,391 | 9,189 |
| Donation expenses | | 9,260 | 14,384 |
| Interest expenses | | 652 | – |
| Operating costs | | 333,333 | 344,890 |
| Trustee expenses | | 3,993 | 18,640 |
| Trustee fees | | 44,965 | 58,795 |
| Total expenses | | 408,583 | 454,898 |
| Net surplus/(deficit) before donations and taxation | | 2,896,021 | (7,312,777) |
| Less: | | |
| Donations | | 383,980 | 1,447,290 |
| Net surplus/(deficit) | | 2,512,041 | (8,760,067) |
Consolidated Statement of Movements in Trust Funds for the Year Ended 31 March 2004
| | 2004
$ | 2003
$ |
| --- | --- | --- |
| Net surplus/(deficit) | 2,512,041 | (8,760,067) |
| Total recognised revenues and expenses | 2,512,041 | (8,760,067) |
| Less: | | |
| Allocated to donation reserve from prior years’ trust funds | 44,136 | 176,818 |
| Movement in equity for the year | 2,467,905 | (8,936,885) |
| Trust funds at 1 April 2003 | 33,837,560 | 42,774,445 |
| Total trust funds at 31 March 2004 | 36,305,465 | 33,837,560 |
Donation reserve account
| | 2004
$ | 2003
$ |
| --- | --- | --- |
| Opening balance as at 1 April 2003 | – | – |
| Allocation from prior years’ trust funds | 44,136 | 176,818 |
| Less: | | |
| Donations paid from prior years’ trust funds | 44,136 | 176,818 |
| Closing balance as at 31 March 2004 | – | – |
Consolidated Statement of Financial Position as at 31 March 2004
| | 2004
$ | 2003
$ |
| --- | --- | --- |
| Current assets: | | |
| Bank accounts | 123,061 | 27,149 |
| Term investments | 1,591,469 | 27,037,912 |
| Accounts receivable – trading | 10,370 | 12,694 |
| Accounts receivable – investment | – | 22,909 |
| Prepayments | 9,092 | 8,722 |
| Taxation refund | 15,664 | 633 |
| The Embassy Theatre Trust | 80,000 | 80,000 |
| Goods and services tax | 1,378 | 1,203 |
| Total current assets | 1,831,034 | 27,191,222 |
| Less current liabilities: | | |
| Accounts payable – trading | 58,968 | 64,061 |
| Accounts payable – investment | 31,734 | – |
| Marac Finance – current portion | 1,766 | – |
| Total current liabilities | 92,468 | 64,061 |
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2004, No 101
Gazette.govt.nz —
NZ Gazette 2004, No 101
✨ LLM interpretation of page content
💰 Consolidated Statement of Financial Performance for the Year Ended 31 March 2004
💰 Finance & RevenueFinancial Performance, Income, Expenses, Surplus, Deficit, Wellington Community Trust
💰 Consolidated Statement of Movements in Trust Funds for the Year Ended 31 March 2004
💰 Finance & RevenueTrust Funds, Surplus, Deficit, Equity, Wellington Community Trust
💰 Donation Reserve Account
💰 Finance & RevenueDonation Reserve, Allocations, Donations, Wellington Community Trust
💰 Consolidated Statement of Financial Position as at 31 March 2004
💰 Finance & RevenueFinancial Position, Assets, Liabilities, Wellington Community Trust