✨ Community Trust Financial Statements
3652 NEW ZEALAND GAZETTE, No. 136 4 SEPTEMBER 2008
Community house account—
Income:
Lease rentals 59,862 31,995
Printing and facsimile charges reimbursed 17,283 2,442
Car park rental 6,708 2,240
83,853 36,677
Less operating expenditure:
Rent – 38,000
Heating and power 15,475 10,613
Maintenance 9,571 5,607
Cleaning 6,645 6,600
Rates 1,417 4,456
Insurance 8,220 8,722
Security and alarm 3,671 2,372
Telephone and tolls 13,999 1,952
Staff expenses 549 –
General administration 2,414 4,333
Depreciation: Improvements 62,893 31,987
Plant and equipment 15,686 11,689
Loss on disposal of fixed assets – 23,275
Total operating expenditure 140,540 149,606
Net income/(deficit) from rental account (56,687) (112,929)
Movement in managed funds:
Offshore cash and bonds/debt/foreign exchange 710,273 420,312
Offshore equity (2,145,734) 18,826
New Zealand cash and bonds (575,304) (124,006)
New Zealand/Australian equity (650,888) 771,889
Net increase/(decrease) in managed funds (2,661,653) 1,087,021
Statement of financial performance:
Net income from investments 965,957 937,000
Net income/(deficit) from rental account (56,687) (112,929)
Net increase/(decrease) in managed funds (2,661,653) 1,087,021
Net income/(deficit) transferred to capital account (1,752,383) 1,911,092
Statement of Movements in Equity for the Year Ended 31 March 2008
2008 2007
$ $Opening equity 43,037,458 42,118,617
Net surplus/(deficit) for year (1,752,383) 1,911,092
Plus donations received – 46,489
Less prior period taxation – (579)
Plus donations no longer required 6,715 18,500
Less donations approved (1,086,842) (1,056,661)
Closing equity 40,204,948 43,037,458
Statement of Financial Position as at 31 March 2008
Note 2008 2007
$ $Trust capital:
Capital fund 2 32,087,148 32,087,148
Inflation reserve 3 8,117,800 8,121,257
General reserve 4 – 2,829,053
40,204,948 43,037,458
Represented by—
Current assets:
Westpac Bank: Current account 11,988 16,395
Sundry debtors 58,112 3,142
GST refund due 3,665 6,133
73,765 25,670
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NZ Gazette 2008, No 136
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The Community Trust of Mid & South Canterbury Incorporated Annual Report and Financial Statements for the Year Ended 31 March 2008
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🏢 State Enterprises & Insurance31 March 2008
Community Trust, Annual Report, Financial Statements, Donations, Investments