✨ Financial Statements
21 AUGUST 2008
NEW ZEALAND GAZETTE, No. 131
3445
West Coast Community Trust
Commodity Trusts Act 1999
West Coast Community Trust
Statement of Financial Position as at 31 March 2008
| 2008 | 2007 | |
|---|---|---|
| $ | $ | |
| Current assets: | ||
| Bank – ASB cheque account | – | 1,023 |
| Bank – ASB call account | 100,137 | 19,197 |
| Taxation refund due | 473 | 946 |
| Accrued interest | 576 | 27,748 |
| Accounts receivable | 29,759 | 2,335 |
| 130,945 | 51,249 | |
| Investments: | ||
| AMP tracker fund | 146,980 | 226,459 |
| AMP WINZ fund | 391,550 | 438,002 |
| AMP other funds | 4,435,874 | 4,403,180 |
| TCNZ Finance Limited | – | 50,000 |
| 4,974,404 | 5,117,641 | |
| Fixed assets: | ||
| Office equipment | 108 | 161 |
| 5,105,457 | 5,169,051 | |
| Represented by— | ||
| Current liabilities: | ||
| Bank – ASB cheque account | 6,288 | 7,179 |
| Accounts payable | 60,196 | – |
| 66,484 | 7,179 | |
| Trust funds: | ||
| Trust corpus | 2,000,000 | 2,000,000 |
| Capital profits | 1,000,000 | 1,000,000 |
| Retained earnings | 2,038,973 | 2,161,872 |
| Total accumulated funds | 5,038,973 | 5,161,872 |
| 5,105,457 | 5,169,051 |
P. E. KERRIDGE, Chairperson.
A. T. SULLIVAN, Trustee.
Dated: 5 August 2008.
This statement is to be read in conjunction with the accompanying notes.
Statement of Financial Performance for the Year Ended 31 March 2008
| 2008 | 2007 | |
|---|---|---|
| $ | $ | |
| Gross revenues: | ||
| Net conference surplus | 4,840 | 6,795 |
| Interest received | 3,515 | – |
| AMP managed funds | 57,462 | 268,380 |
| Total revenue received | 65,817 | 275,175 |
| Less expenditure— | ||
| Administration/operating costs: | ||
| Accountancy/auditors’ fees | 8,618 | 8,068 |
| Advertising | 4,642 | 4,395 |
| Catering/hall hire | 1,395 | 932 |
| Conference expenses | – | 4,986 |
| Continuing education | 682 | 235 |
| General expenses | 1,527 | 1,294 |
| Legal fees | – | 1,780 |
| Membership fees | 563 | 450 |
| Printing, postage and stationery | 2,087 | 2,399 |
| Review – investment portfolio | 5,625 | – |
Next Page →
NZ Gazette 2008, No 131
✨ LLM interpretation of page content
🏢 West Coast Community Trust Financial Position
🏢 State Enterprises & Insurance5 August 2008
Financial Position, Assets, Liabilities, Trust Funds, West Coast Community Trust
- P. E. Kerridge, Chairperson of West Coast Community Trust
- A. T. Sullivan, Trustee of West Coast Community Trust
🏢 West Coast Community Trust Financial Performance
🏢 State Enterprises & Insurance5 August 2008
Financial Performance, Revenue, Expenditure, West Coast Community Trust