✨ Financial Statements
16 JUNE 2005
NEW ZEALAND GAZETTE, No. 91
2155
Eastern & Central Community Trust Incorporated
Community Trusts Act 1999
Eastern & Central Community Trust Incorporated
Consolidated Statement of Financial Performance for the Year Ended 31 March 2005
| Note | 2005 $
| | 2004 $
|
|------|-------------|
| |-------------|
Income:
Income from investments
| | 8,901,415 | 15,410,286 |
Less expenditure:
Advertising and promotion
Auditor fees – Trust audit
– Other services
Depreciation
Rent and occupancy
Professional fees
Trustee meeting expenses
Trustee fees
Wages and salaries
Other expenses
Total expenditure
Net surplus
| | 168,842 | 117,331 |
| | 12,087 | 11,238 |
| | – | 2,016 |
| | 24,507 | 20,877 |
| | 60,598 | 42,581 |
| | 95,962 | 70,844 |
| | 48,866 | 53,897 |
| | 142,651 | 151,457 |
| | 284,390 | 263,308 |
| | 94,534 | 70,470 |
| | 932,437 | 804,018 |
| | 7,968,978 | 14,606,268 |
The net surplus has been allocated as follows:
Trust capital maintenance
Donation reserve transfer
| 4 | 1,200,000 | 1,200,000 |
| | 6,768,978 | 13,406,268 |
| | 7,968,978 | 14,606,268 |
Consolidated Statement of Movements in Equity for the Year Ended 31 March 2005
| Note | 2005 $
| | 2004 $
|
|------|-------------|
| |-------------|
Equity at start of period
Net surplus
Total recognised revenues and expenses
Net community donations
Equity at the end of period
| | 115,159,300 | 105,432,428 |
| | 7,968,978 | 14,606,268 |
| | 7,968,978 | 14,606,268 |
| 9 | (4,584,720) | (4,879,396) |
| | 118,543,558 | 115,159,300 |
Consolidated Statement of Financial Position as at 31 March 2005
| Note | 2005 $
| | 2004 $
|
|------|-------------|
| |-------------|
Equity:
Trust capital
Donation reserve
Total trust funds
| 4 | 106,734,667 | 105,534,667 |
| 5 | 11,808,891 | 9,624,633 |
| | 118,543,558 | 115,159,300 |
Assets:
Investments in managed funds
Fixed assets
Accrued income
Cash and bank deposits
Total assets
| 6 | 111,923,113 | 108,540,586 |
| 7 | 85,201 | 44,383 |
| | 129,485 | 110,368 |
| 8 | 8,166,464 | 8,975,886 |
| | 120,304,263 | 117,671,223 |
Liabilities:
Sundry payables
Employee entitlements
Donations payable
Total liabilities
Net assets
| | 166,096 | 122,580 |
| | 20,759 | 16,526 |
| 9 | 1,573,850 | 2,372,817 |
| | 1,760,705 | 2,511,923 |
| | 118,543,558 | 115,159,300 |
These financial statements have been authorised for issue by the trustees on 26 May 2005.
JOHN CULLING
Chairperson
BRIAN BOURKE
Trustee
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2005, No 91
Gazette.govt.nz —
NZ Gazette 2005, No 91
✨ LLM interpretation of page content
💰 Eastern & Central Community Trust Financial Performance
💰 Finance & Revenue26 May 2005
Financial Statements, Trust, Income, Expenditure, Equity, Assets, Liabilities
- JOHN CULLING, Chairperson
- BRIAN BOURKE, Trustee