New Zealand Gazette – 2008 – No. 136

Page 3653

✨ Community Trust Financial Statements



4 SEPTEMBER 2008 NEW ZEALAND GAZETTE, No. 136 3653

Less current liabilities:
Sundry creditors 70,462 52,257
Donations approved not yet paid 5 918,550 1,109,300
Total current liabilities 989,012 1,161,557
Working capital (915,247) (1,135,887)

Add non current assets—
Fixed assets:
Land and buildings 2,397,733 2,368,548
Plant and equipment 67,547 58,392
Total fixed assets 2,465,280 2,426,940

Managed funds investments:
– New Zealand cash and bonds 13,401,368 15,632,460
– New Zealand/Australian equity 5,840,133 6,568,720
– Offshore cash and bonds 7,573,201 7,099,475
– Offshore equity 11,840,213 12,445,750
Total managed funds 38,654,915 41,746,405
Net assets 40,204,948 43,037,548

Signed on behalf of the board of trustees:
NICOLA HORNSEY, Chairperson.
Date: 31 March 2008.

Statement of Cash Flows for the Year Ended 31 March 2008

            2008            2007
            $           $

Cash flows from operating activities—
Cash was provided from:
Interest on deposits 5,283 494
Operating income 87,051 33,899
Donations received – 46,489
92,334 80,882

Cash was applied to:
Suppliers of goods and services (net of GST) (340,024) (202,839)
Donations paid (1,270,877) (587,309)
(1,610,901) (790,148)

Net cash flows from operating activities (1,518,567) (709,266)

Cash flows from investing activities—
Cash was provided from:
Withdrawal of managed funds 1,631,079 1,790,883
Sale of fixed assets – 3,907
1,631,079 1,794,790

Cash was applied to:
Fixed assets (116,919) (1,095,738)

Net cash flows from investing activities 1,514,160 699,052
Increase/(decrease) in cash held (4,407) (10,214)
Add opening cash 1 April 2007 16,395 26,609
Cash as at 31 March 2008 11,988 16,395

Comprised of—
Westpac Bank:
Current account 11,988 16,395

Reconciliation of Net Surplus and Net Cash Flows From Operating Activities

            2008            2007
            $           $

Net surplus/(deficit) transferred to equity (1,752,383) 1,911,092
Plus Donations returned 6,715 18,500
Donations received – 46,489
Less Donations approved (1,086,842) (1,056,661)
Prior period tax – (579)
(2,832,510) 918,841



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Online Sources for this page:

Gazette.govt.nz — PDF NZ Gazette 2008, No 136




✨ LLM interpretation of page content

🏢 The Community Trust of Mid & South Canterbury Incorporated Annual Report and Financial Statements for the Year Ended 31 March 2008 (continued from previous page)

🏢 State Enterprises & Insurance
31 March 2008
Community Trust, Annual Report, Financial Statements, Donations, Investments
  • Nicola Hornsey, Chairperson