New Zealand Gazette – 2005 – No. 141

Page 3449

✨ Financial Statements



25 AUGUST 2005 NEW ZEALAND GAZETTE, No. 141 3449

Employment of funds—

Current assets:

2005 2004
Current account 170 243
Short term bank deposits 371 1,021
Debtors 2 7
Prepayments – 9
543 1,280

Non current assets:

2005 2004
Managed funds 173,726 169,505
Fixed assets 1,136 1,182
Advance to Dunedin Community House Trust 248 250
175,110 170,937
175,653 172,217

Approved on behalf of the board:

JOHN FARRY. RUSSELL HENDRY.
Chairperson. Trustee.
27 June 2005. 27 June 2005.

Consolidated Statement of Cashflows for the Year Ended 31 March 2005

Note

2005 $000 2004 $000
Cashflow from operating activities—
Cash was provided from:
Interest 47 48
Other 115 222
162 270

Cash was disbursed on:

| Payment to suppliers and staff | (863) | (794) |
| Fund managers’ fees | (409) | (376) |
| Net cash (outflow) from operating activities | (1,272) | (1,170) |
| | (1,110) | (900) |

Cashflow from investing activities—
Cash was provided from:

| Receipts from fund managers | 7,487 | 6,376 |

Cash was disbursed on:

| Purchase of fixed assets | (4) | (10) |
| Net cash inflow from investing activities | 7,483 | 6,366 |

Cashflow from funding activities—
Cash was provided from:

| Long term loan repayment | 2 | – |

Cash was disbursed on:

| Donations paid | (7,098) | (4,407) |
| Net cash (outflow) from funding activities | (7,096) | (4,407) |
| Net cash inflow/(outflow) from activities | (723) | 1,059 |
| Add opening cash brought forward | 1264 | 205 |
| Ending cash carried forward | 541 | 1,264 |

Cash comprises:

| Cash at bank | 170 | 243 |
| Term deposits | 371 | 1,021 |
| | 541 | 1,264 |

Notes to the Consolidated Financial Statements for the Year Ended 31 March 2005

Basis of Preparation

The Community Trust of Otago was incorporated as a charitable trust in accordance with the provisions of the Community Trusts Act 1999.

These are the consolidated financial statements of The Community Trust of Otago and its 100% subsidiaries: The Community Trust Amateur Sports Co Limited, The Community Trust District Improvement Company Limited and Fillmor House Limited.

A former subsidiary company of the trust, The Otago Community Trust Charities Limited, was wound up in March 2005 with the surplus distributed back to the trust. The winding up of the company was a consequence of income tax exemption granted to the trust from 1 April 2005.



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2005, No 141


Gazette.govt.nz — PDF NZ Gazette 2005, No 141




✨ LLM interpretation of page content

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

💰 Finance & Revenue
27 June 2005
Financial Statements, Current Assets, Non-Current Assets, Managed Funds, Fixed Assets, Cashflows, Operating Activities, Investing Activities, Funding Activities, Donations, Consolidated Financial Statements, Basis of Preparation, Charitable Trust, Subsidiaries, Winding Up, Income Tax Exemption
  • JOHN FARRY, Chairperson
  • RUSSELL HENDRY, Trustee