NEW ZEALAND GAZETTE, No. 105

7 JULY 2005

In addition during the year, trustees were required as part of their role to attend a number of both formal and informal meetings to represent the trust. During the year, the trustees and trust staff were invited to 358 separate formal and informal meetings and functions. The trust was able to achieve representation at approximately 211 of these meetings and functions.

20. Comparatives

The comparatives for 2004 were based on consolidated financial statements showing the financial performance and position of the trust and its subsidiaries. There are no consolidated financial statements for 2005, as all the assets of the trust’s subsidiary company, Trust Waikato Charities Limited, have been transferred to the trust. No 2005 financial statements are required for the company.

Audit Report to the Trustees of Waikato Community Trust Incorporated

We have audited the financial report. The financial report provides information about the past financial performance of The Waikato Community Trust Incorporated and its financial position as at 31 March 2005. This information is stated in accordance with the accounting policies.

Board of Trustees’ Responsibilities

The board of trustees are responsible for the preparation of a financial report, in accordance with New Zealand law and generally accepted accounting practice, which fairly reflects the financial position of The Waikato Community Trust Incorporated as at 31 March 2005 and the results of its operations and cash flows for the year ended 31 March 2005.

Auditors’ Responsibilities

It is our responsibility to express an independent opinion on the financial report presented by the board of trustees and report our opinion to you.

Basis of Opinion

An audit includes examining, on a test basis, evidence relevant to the amounts and disclosures in the financial report. It also includes assessing:

• the significant estimates and judgements made by the board of trustees in the preparation of the financial report; and
• whether the accounting policies are appropriate to the trust’s circumstances, consistently applied and adequately disclosed.

We conducted our audit in accordance with New Zealand Auditing Standards. 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 report is 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 report.

Other than in our capacity as auditor, we have no relationship with or interests in The Waikato Community Trust Incorporated.

Unqualified Opinion

We have obtained all the information and explanations that we have required.

In our opinion, the financial report fairly reflects the financial position of The Waikato Community Trust Incorporated as at 31 March 2005 and the results of its operations and cash flows for the year ended on that date.

Our audit was completed on 20 June 2005 and our unqualified opinion is expressed as at that date.

DELOITTE, Chartered Accountants, Hamilton, New Zealand.

A copy of these financial statements and a full list of 2004–2005 donations is available on request.

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Index

B

Bankruptcy Notices—

• Notices: 2452

Building Act—

• New Zealand Building Code compliance documents
• Amendment: 2477

C

Charitable Trusts Act—

• Dissolution of charitable trust boards: 2474
• Dissolution of charitable trust boards revoked: 2474

Civil Aviation Act—

• Variation of scheduled international air service licences: 2495

Civil Union Act—

• Lists of civil union celebrants: 2491

Community Trusts Act—

• Annual accounts
  • The Waikato Community Trust Inc.: 2501

Companies Act—

• Cessation of business in New Zealand
  • Chapman Properties No.1 Company Ltd.: 2468
  • Glencott Holdings Ltd.: 2468
  • Hind Shopping Malls Ltd.: 2468
  • Labelmakers (Aust.) Pty Ltd.: 2468