✨ Financial Statements
2204 NEW ZEALAND GAZETTE, No. 84 26 JULY 2007
Statement of Movements in Equity for the Year Ended 31 March 2007
Surplus and revaluations
Net surplus for the period
Total surplus/(deficit) and revaluations for the period
Total movements in equity for the year
| 1,772,419 | 6,967,966 |
| 1,772,419 | 6,967,966 |
| 1,772,419 | 6,967,966 |
Equity at 1 April 2006
Equity at 31 March 2007
| 44,929,226 | 37,961,260 |
| 46,701,645 | 44,929,226 |
Statement of Financial Position as at 31 March 2007
Current assets:
Bank accounts
Term investments
Accounts receivable – trade
Prepayments
Karori Wildlife Sanctuary Trust
GST refund due
Taxation refund
Total current assets
| 26,803 | 100,299 |
| 4 | 768,540 |
| 20,167 | 9,845 |
| 5,309 | 5,309 |
| 100,000 | 100,000 |
| 9,970 | 6,009 |
| – | 157 |
| 930,789 | 722,585 |
Current liabilities:
Accounts payable – trading
Accounts payable – investment
Marac Finance Limited
Total current liabilities
Working capital
| 49,649 | 41,927 |
| 57,434 | 41,198 |
| 2,512 | 2,223 |
| 109,595 | 85,348 |
| 821,194 | 637,237 |
Non current assets:
Property, plant and equipment
Investments
Total non-current assets
| 3 | 19,388 |
| 5 | 45,866,151 |
| 45,885,539 | |
| 44,274,515 | |
| 44,299,590 |
Non current liabilities
Marac Finance Limited
Total non-current liabilities
Net assets
| 5,089 | 7,601 |
| 5,089 | 7,601 |
| 46,701,644 | 44,929,226 |
Represented by:
Equity
Trust capital brought forward
Surplus for the year
Total equity
| 44,929,226 | 37,961,260 |
| 1,772,419 | 6,967,966 |
| 46,701,645 | 44,929,226 |
For and on behalf of the board of trustees:
MATHEW BLACKBURN, Chairperson.
LINDA RIEPER, Trustee.
Date: 27 June 2007.
Notes to the Financial Statements for the Year Ended 31 March 2007
1. Statement of Accounting Policies
Reporting Entity
The financial statements presented here are for the entity The Community Trust of Wellington ("the trust"). The trust is an incorporated charitable trust under the Charitable Trusts Act 1957. The trust prepares its financial statements in accordance with the Act and the financial reporting standards issued by the New Zealand Institute of Chartered Accountants.
Differential Reporting
The Community Trust of Wellington is a qualifying entity within the New Zealand Institute of Chartered Accountants Differential Reporting Framework. The trust is not publicly accountable and satisfies the relevant size criteria. The Community Trust of Wellington has applied all financial reporting standards with the exception that the exemption to not prepare a statement of cash flows under FRS10 has been applied.
Measurement Base
The measurement base adopted is historical cost with the exception of certain items for which specified accounting policies are identified.
Accounts Receivable
Accounts receivable are stated at expected realisable value.
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2007, No 84
Gazette.govt.nz —
NZ Gazette 2007, No 84
✨ LLM interpretation of page content
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Community Trust of Wellington Financial Performance
(continued from previous page)
💰 Finance & RevenueFinancial Statements, Equity, Assets, Liabilities, Revenue, Expenses
- MATHEW BLACKBURN, Chairperson
- LINDA RIEPER, Trustee