✨ Financial Statements
21 JULY 2005
NEW ZEALAND GAZETTE, No. 110
2665
Consolidated Statement of Cash Flows for the Year Ended 31 March 2005
| 2005 $(000) | 2004 $(000) | |
|---|---|---|
| Cash flows from operating activities— | ||
| Cash was provided from: | ||
| Investment income | 7,720 | 8,904 |
| Other | 8 | 6 |
| 7,728 | 8,910 | |
| Cash was dispersed to: | ||
| Suppliers of goods and services | 11 | (753) |
| Trustees | (175) | (125) |
| Donations to the community | (2,880) | (1,380) |
| Dillon Memorial Scholarship | (63) | (45) |
| (3,107) | (2,303) | |
| Net cash flows from operating activities | 4,621 | 6,607 |
| Cash flows from investing activities— |
| Cash was provided from: | | |
| Sale of investments | 2,250 | 2,100 |
| Sale of fixed assets | – | 1 |
| Cash was applied to: | | |
| Purchase of fixed assets | (5) | (10) |
| Purchase of investments | (6,832) | (8,770) |
| | (4,587) | (6,679) |
| Net cash flows from investing activities | | |
| Increase/(decrease) in cash held | 34 | (72) |
| Add cash at 1 April 2004 | 8 | 80 |
| Cash at 31 March 2005 | 42 | 8 |
| Reconciliation of net surplus and net cash flows from operating activities— |
| Net surplus transferred to/(from) equity | 4,612 | 12,709 |
| Less payments out of capital (net) | (136) | (122) |
| Accrued income included in investments | (645) | (5,966) |
| Plus non cash items: | | |
| Depreciation of fixed assets | 9 | 7 |
| Loss on disposal of assets | 1 | – |
| Movement in working capital: |
| Decrease/(increase) in accounts receivable | 20 | (31) |
| Increase/(decrease) in accounts payable | 760 | 10 |
| Net cash flows from operating activities | 4,621 | 6,607 |
(The accompanying notes form part of these financial statements.)
Notes to the Financial Statements for the Year Ended 31 March 2005
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 Incorporated and its subsidiary Bay of Plenty Community Trust Charities Limited.
The financial statements have been prepared as required by the Community Trusts Act 1999 and the Trust Deed dated 17 August 2000 and in accordance with the Financial Reporting Act 1993.
Measurement Base
The accounting principles recognised as appropriate for the measurement and reporting of financial performance and financial position on a historical cost basis are followed by the group, with the exception of investments which are stated at market value as at 31 March 2005.
Specific Accounting Policies
The following specific accounting policies which materially affect the measurement of financial performance and the financial position have been applied:
(a) Donations:
Donations made during the year from revenue are included in the statement financial performance. Those made from trust capital have been included in the statement of movements in equity.
(b) Investments:
All Investments are stated at assessed market value (refer Note 5).
(c) Fixed assets:
Fixed assets are stated at cost less accumulated depreciation.
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2005, No 110
Gazette.govt.nz —
NZ Gazette 2005, No 110
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Bay of Plenty Community Trust Incorporated Annual Report for the Year Ended 31 March 2005
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🏢 State Enterprises & Insurance24 June 2005
Community Trust, Annual Report, Bay of Plenty, Trustees, Trust Manager, Accountants, Auditors, Bankers