13 SEPTEMBER 2007 NEW ZEALAND GAZETTE, No. 100

Community house account—
Income:
Lease rentals 31,995 31,126
Printing and facsimile charges reimbursed 2,442 2,494
Car park rental 2,240 –
Total income 36,677 33,620

Less operating expenditure—
Rent 38,000 57,080
Heating and power 10,613 3,826
Maintenance 5,607 5,707
Cleaning 6,600 5,486
Rates 4,456 1,745
Insurance 8,722 3,496
Security and alarms 2,372 1,264
Staff expenses 4,333 1,883
General administration 31,987 23,275
Depreciation: Improvements 11,689 10,061
Plant and equipment 23,275 –
Loss on disposal of fixed assets – –
Total operating expenditure 147,654 96,935
Net income/(deficit) from rental account (110,977) (63,315)

Movement in Managed Funds
Offshore debt/foreign exchange 420,312 470,940
Offshore equity 18,826 2,925,177
New Zealand debt (124,006) 216,660
New Zealand/Australian equity 771,889 1,159,133
Net increase/(decrease) in managed funds 1,087,021 4,771,910

Statement of financial performance:
Net income from investments 935,138 1,190,815
Net income/(deficit) from rental account (110,977) (63,315)
Net increase/(decrease) in managed funds 1,087,021 4,771,910
Net income/(deficit) transferred to capital account 1,911,182 5,899,410

Statement of Movements in Equity for the Year Ended 31 March 2007

                                                    2007             2006
                                                    $                $

Opening equity: 42,118,617 37,271,648
Net surplus/(deficit) for year 1,911,182 5,899,410
Plus donations received 46,489 –
Less prior period taxation (579) –
Plus donations lapsed 18,500 4,300
Less donations approved (1,056,661) (1,056,741)
Closing equity 43,037,548 42,118,617

Statement of Financial Position as at 31 March 2007

Trust capital: Note 2007 2006
$ $
Capital fund 2 32,087,148 32,087,148
Inflation reserve 3 8,121,257 6,974,389
General reserve 4 2,829,143 3,057,080
— 43,037,548 42,118,617

Represented by—
Current assets:
Provision for tax – 579
Westpac Bank: Current account 16,485 26,609
Sundry debtors 3,142 364
GST refund due 6,133 170,361
— 25,760 197,913