New Zealand Gazette – 2005 – No. 154

Page 3821

✨ Financial Statements



NEW ZEALAND GAZETTE, No. 154

8 SEPTEMBER 2005

3821

General Section

The Community Trust of Wellington

Community Trusts Act 1999

The Community Trust of Wellington and its Subsidiary Company

Consolidated Statement of Financial Performance for the Year Ended 31 March 2005

Notes 2005 2004
$ $

Revenue:

  • Investment income (net) | 7 | 2,567,026 | 2,291,209 |
  • Interest received | | 215,931 | 872,884 |
  • Donations returned | | – | 1,297 |
  • Rental income | | 105,460 | 103,472 |
  • Other income | | 25,264 | 35,742 |
  • G.S.T. prior period adjustment| | 17,236 | – |

Total revenue | | 2,930,917 | 3,304,604 |

Less expenses:

  • Auditors’ fees | | 7,500 | 7,989 |
  • Depreciation | 4 | 6,143 | 8,391 |
  • Donation expenses | | 6,420 | 9,260 |
  • Interest expenses | | 659 | 652 |
  • Operating costs | | 369,404 | 333,333 |
  • Trustee expenses | | 7,669 | 3,993 |
  • Trustee fees | | 50,770 | 44,965 |

Total expenses | | 448,565 | 408,583 |

Net surplus before donations and taxation |
| | 2,482,352 | 2,896,021 |

Less:

  • Donations | | 655,470 | 383,980 |
  • Taxation | 3 | – | – |

Net surplus after taxation | | 1,826,882 | 2,512,041 |

Consolidated Statement of Movements in Equity for the Year Ended 31 March 2005

2005 2004
$ $
  • Trustees’ net surplus/(deficit) for the year | 1,826,882 | 2,512,041 |
  • Total surplus/(deficit) and revaluations for the year | 1,826,882 | 2,512,041 |

Other movements

  • Allocated to donation reserve fund | (171,085) | (44,136) |
  • Total other movements | (171,085) | (44,136) |

Total movements in equity for the year | 1,655,797 | 2,467,905 |

  • Equity at 1 April 2004 | 36,305,465 | 33,837,560 |
  • Equity at 31 March 2005 | 37,961,262 | 36,305,465 |

Donation reserve account

  • Opening balance as at 1 April 2004 | – | – |
  • Allocation from prior years’ trust funds | 171,085 | 44,136 |

Less:

  • Donations paid from prior years’ trust funds | 171,085 | 44,136 |

  • Closing balance as at 31 March 2005 | – | – |

Consolidated Statement of Financial Position as at 31 March 205

Current assets:

2005 2004
$ $
  • Bank accounts | 115,942 | 123,061 |
  • Term investments | 5 | 1,595,223 | 1,591,469 |
  • Accounts receivable – trade | 83,513 | 10,370 |
  • Accounts receivable – investment | 7,034 | – |


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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2005, No 154


Gazette.govt.nz — PDF NZ Gazette 2005, No 154




✨ LLM interpretation of page content

🏢 Consolidated Financial Statements of The Community Trust of Wellington

🏢 State Enterprises & Insurance
Financial Performance, Revenue, Expenses, Surplus, Equity, Donations, Wellington