New Zealand Gazette – 2004 – No. 104

Page 2593

✨ Community Trust Financial Statements



26 AUGUST 2004 NEW ZEALAND GAZETTE, No. 104 2593

We conducted our audit in accordance with New Zealand Auditing Standards issued by the Institute of Chartered Accountants
of New Zealand. We planned and performed our audit so as to obtain all the information and explanations which we
considered necessary in order to provide us with sufficient evidence to obtain reasonable assurance that the financial
statements are free from material misstatements, whether caused by fraud or error. In forming our opinion, we also evaluated
the overall adequacy of the presentation of information in the financial statements.
Our firm carries out other assignments for the trust in the area of special consultancy projects, taxation and general accounting
services. These matters have not impaired our independence as auditors of the trust. The firm has no other relationship with or
interest in the trust.

Unqualified Opinion
We have obtained all the information and explanations we have required.
In our opinion, the consolidated financial statements:

● comply with New Zealand generally accepted accounting practice; and
● give a true and fair view of the consolidated financial position of the trust as at 31 March 2004 and the results of its
operations and cash flows for the year ended on that date.

Our audit was completed on 28 June 2004 and our unqualified opinion is expressed as at that date.

TAYLOR McLACHLAN, Dunedin.

gs5611

West Coast Community Trust

Community Trusts Act 1999

West Coast Community Trust

Consolidated Statement of Financial Position as at 31 March 2004

2004 $ 2003 $
Current assets:
Bank – ASB cheque account 1,842 759
Bank – ASB call account 30,904 35,386
Taxation refund due 2,578 2,492
Accrued interest 2,319 2,333
37,643 40,970

| Investments: | | |
| AMP asset management | 3,350,167 | 3,201,950 |
| AMP tracker fund | 330,983 | 307,034 |
| AMP WINZ fund | 794,279 | 752,035 |
| TCNZ Finance Limited | 50,000 | 50,000 |
| | 4,525,429 | 4,311,019 |

| Fixed assets: | | |
| Office equipment | 524 | 280 |
| | 4,563,596 | 4,352,269 |

| Represented by— | | |
| Current liabilities: | | |
| Accounts payable | 7,877 | 8,442 |
| | 7,877 | 8,442 |

| Trustee funds: | | |
| Trust corpus | 2,000,000 | 2,000,000 |
| Capital profits | 1,000,000 | 1,000,000 |
| | 1,555,719 | 1,343,827 |
| Trustee funds | 4,555,719 | 4,343,827 |
| Total accumulated funds | 4,563,596 | 4,352,269 |

P. KERRIDGE
Chairperson.

Dated: 30 June 2004.

A. T. SULLIVAN
Trustee.



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2004, No 104


Gazette.govt.nz — PDF NZ Gazette 2004, No 104




✨ LLM interpretation of page content

🏢 Community Trust of Otago Financial Statements 2004 (continued from previous page)

🏢 State Enterprises & Insurance
28 June 2004
Financial Statements, Trust Funds, Cashflows, Dunedin, Fixed Assets, Financial Instruments, Taxation
  • Taylor McLachlan, Dunedin

🏢 West Coast Community Trust Financial Statements 2004

🏢 State Enterprises & Insurance
30 June 2004
Financial Statements, Trust Funds, Investments, Fixed Assets, West Coast
  • P. Kerridge, Chairperson
  • A. T. Sullivan, Trustee