✨ Financial Statements
2830
NEW ZEALAND GAZETTE, No. 95
10 AUGUST 2006
4. Expenses
Comprises:
Audit fees 13 12
Accountancy/secretarial fees 48 50
Consultants – tax – 4
Consultants – other 54 13
Employee remuneration 271 271
Funds management services 647 616
Investment advisory services 105 137
Statutory reporting 9 10
Trustees fees 213 195
Depreciation – office equipment 22 30
– motor vehicles 16 17
– buildings 35 38
Other expenses 526 381
1,959 1,774
5. Capital
Balance at beginning of the year 198,642 198,642
Transfer from income 15,373 –
Balance at the end of the year 214,015 198,642
6. Reserves
Investment fluctuation reserve:
Balance at beginning of the year 18,547 9,432
Transfer from (to) income 4,923 9,115
Balance at the end of the year 23,470 18,547
Donation reserve:
Balance at beginning of the year – –
Transfer from/(to) income 1,149 911
Less donations paid (1,149) (911)
Balance at the end of the year – –
7. Taxation
The taxation (GST, Trans-Tasman Imputation and Miscellaneous Provisions) Act 2003 amended the Income Tax Act (1994) to exempt the trust from income tax from 1 April 2004 and the trust is not required to prepare an income tax return beyond 31 March 2004. The trust can continue to make distributions to community organisations without an income tax liability.
8. Payables
Accounts payable 130 156
Employee entitlements 13 11
143 167
9. Investments
Enhanced passive global equities 71,051 61,598
NZ fixed interest and cash 85,552 79,087
NZ equities and cash 18,575 16,243
Global fixed interest 60,930 59,216
236,108 216,144
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2006, No 95
Gazette.govt.nz —
NZ Gazette 2006, No 95
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Waikato Community Trust Financial Statements for 2005-2006
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💰 Finance & RevenueFinancial Performance, Trust Funds, Financial Position, Waikato Community Trust