✨ Community Trust Financial Statements
14 AUGUST 2008 NEW ZEALAND GAZETTE, No. 127 3325
In our opinion, the financial statements:
- comply with generally accepted accounting practice in New Zealand;
- comply with international financial reporting standards; and
- fairly reflect the financial position of the trust as at 31 March 2008 and the results of operations and cash flows for the year ended on that date:
Our audit was completed on 7 July 2008 and our unqualified opinion is expressed as at that date.
INGHAM MORA, Tauranga.
(A full list of all distributions by way of grants for the year ended 31 March 2008 is available from the trust office on request, info@baytrust.org.nz or telephone (07) 578 6546.)
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Eastern & Central Community Trust Incorporated
Community Trusts Act 1999
Eastern & Central Community Trust Incorporated
Income Statement for the Year Ended 31 March 2008
| Note | 2008 $ | 2007 $ |
|---|---|---|
| Income: | ||
| Net gain/(loss) from investments | 4 | (3,343,364) |
| Less expenses: | ||
| Administrative expenses | 5 | 351,701 |
| Personnel expenses | 5 | 588,923 |
| Total expenses | 940,624 | |
| Net surplus/(deficit) | (4,283,988) |
Statement of Changes in Equity for the Year Ended 31 March 2008
| Note | 2008 $ | 2007 $ |
|---|---|---|
| Equity at start of period | 143,883,298 | |
| Net surplus/(deficit) | (4,283,988) | |
| Total recognised revenues and expenses | (4,283,988) | |
| Net community donations | 10 | (5,808,492) |
| Equity at the end of period | 6 | 133,790,818 |
Balance Sheet as at 31 March 2008
| Note | 2008 $ | 2007 $ |
|---|---|---|
| Non-current assets: | ||
| Financial assets held for trading | 7 | 128,616,670 |
| Property, plant and equipment | 8 | 43,179 |
| Total non-current assets | 128,659,849 | |
| Current assets: | ||
| Accrued income | 145,217 | |
| Cash and cash equivalents | 9 | 7,278,079 |
| Total current assets | 7,423,296 | |
| Total assets | 136,083,145 |
| Equity | |
| Trust capital | 6 | 118,734,668 | 113,934,668 |
| Donation reserve | 6 | 15,056,150 | 29,948,630 |
| Total equity | | 133,790,818 | 143,883,298 |
| Liabilities: |
| Non-current liabilities | | – | – |
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NZ Gazette 2008, No 127
✨ LLM interpretation of page content
💰
Bay of Plenty Community Trust Incorporated Financial Statements
(continued from previous page)
💰 Finance & RevenueTrust funds, Equity, Liabilities, Accounting Policies, Financial Instruments, Derivatives, Property Plant and Equipment, Depreciation, Impairment, Revenue Recognition, Reserves Transfers, Income Fluctuation, Inflation, Population Growth, Credit Risk, Liquidity Risk, Market Risk, Foreign Currency Risk, Interest Rate Risk, Capital Management, Sensitivity Analysis, Asset Allocation, Expected Return, Standard Deviation, Operating Leases, Reconciliation of Profit, Related Parties, Subsequent Events, Transition to NZ IFRS
- Ingham Mora, Tauranga
💰 Eastern & Central Community Trust Incorporated Income Statement
💰 Finance & RevenueIncome Statement, Net gain, Administrative expenses, Personnel expenses, Net surplus, Equity, Liabilities, Financial assets, Property, plant and equipment, Accrued income, Cash equivalents, Trust capital, Donation reserve