✨ Financial Statements
5 AUGUST 2004 NEW ZEALAND GAZETTE, No. 95 2387
Non current assets:
| 2004 | 2003 | |
|---|---|---|
| Investments | 5 | |
| 118,958 | 106,261 | |
| Fixed assets | 3 | |
| 28 | 25 | |
| Total assets | 118,986 | 106,286 |
| Total assets | 119,057 | 106,456 |
Current liabilities:
| 2004 | 2003 | |
|---|---|---|
| Accounts payable | (179) | (163) |
| Employees’ entitlement payable | (25) | (27) |
| (204) | (190) | |
| Total net assets | 118,853 | 106,266 |
Signed on behalf of the Board of Trustees:
RAY SHARP, Chairman.
TERRI EGGLETON, Trustee.
Date: 17 June 2004.
(The accompanying notes form part of these financial statements.)
Consolidated Statement of Cash Flows for the Year Ended 31 March 2004
| 2004 $(000) | 2003 $(000) | |
|---|---|---|
| Cash flows from operating activities— | ||
| Cash was provided from: | ||
| Investment income | 8,904 | 2,834 |
| Other | 6 | 32 |
| 8,910 | 2,866 | |
| Cash was dispersed to: | ||
| Suppliers of goods and services | (753) | (735) |
| Trustees | (125) | (111) |
| Donations to the community | (1,380) | (2,673) |
| Dillon Memorial Scholarship | (45) | (45) |
| Net cash flows from operating activities | 6,607 | (697) |
| 2004 $(000) | 2003 $(000) | |
|---|---|---|
| Cash flows from investing activities— | ||
| Cash was provided from: | ||
| Sale of investments | 2,100 | 38,674 |
| Sale of fixed assets | 1 | – |
| Cash was applied to: | ||
| Purchase of fixed assets | (10) | (12) |
| Purchase of investments | (8,770) | (37,888) |
| Net cash flows from investing activities | (6,679) | 774 |
| Increase/(decrease) in cash held | (72) | 77 |
| Add cash at 1 April 2003 | 80 | 3 |
| Cash at 31 March 2004 | 8 | 80 |
Reconciliation of net surplus and net cash flows from operating activities—
| 2004 $(000) | 2003 $(000) | |
|---|---|---|
| Net surplus transferred to/(from) equity | 12,709 | (8,322) |
| Less payments out of capital (net) | (122) | (97) |
| Accrued income included in investments | (5,966) | 8,111 |
| Plus non cash items: | ||
| Depreciation of fixed assets | 7 | 11 |
| Loss on disposal of assets | – | 1 |
| Movement in working capital: | ||
| Decrease/(increase) in accounts receivable | (31) | 3 |
| Increase/(decrease) in accounts payable | 10 | (404) |
| Net cash flows from operating activities | 6,607 | (697) |
(The accompanying notes form part of these financial statements.)
Notes to the Financial Statements for the Year Ended 31 March 2004
1. Statement of Accounting Policies
Reporting Entity
The trust is a charitable trust in accordance with the provisions of the Community Trusts Act 1999. The group consists of Bay of Plenty Community Trust Inc and its subsidiary Bay of Plenty Community Trust Charities Limited.
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2004, No 95
Gazette.govt.nz —
NZ Gazette 2004, No 95
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Bay of Plenty Community Trust Incorporated Financial Statements for the Year Ended 31 March 2004
(continued from previous page)
💰 Finance & Revenue17 June 2004
Financial Statements, Investment Gains, Expenditure, Net Surplus, Equity Movements, Financial Position, Bay of Plenty Community Trust
- RAY SHARP, Chairman
- TERRI EGGLETON, Trustee