β¨ Financial Statements
24 JULY 2009 NEW ZEALAND GAZETTE, No. 106 2435
THE COMMUNITY TRUST OF WELLINGTON
Income Statement
For the Year Ended 31 March 2009
| Note | 2009 \$ | 2008 \$ | |
|---|---|---|---|
| Revenue | |||
| Investment Income | 2 | (5,590,452) | (2,115,385) |
| Interest Received | 219,972 | 186,077 | |
| Donations Returned | 1,427 | 2,127 | |
| Rental Income | 142,421 | 124,548 | |
| Other Income | 33,476 | 23,722 | |
| Profit on Sale of Fixed Assets | - | 1,561 |
Total Operating Revenue | | (5,193,156) | (1,777,350) |
| Less Expenses | | | |
| Donation Expenses | | 10,144 | 20,659 |
| Finance Expenses | | 64 | 806 |
| Fund Management Fees | | 288,461 | 305,500 |
| Personnel Expenses | 4 | 186,790 | 178,591 |
| Trustee Expenses | | 11,718 | 10,237 |
| Trustee Fees | | 52,835 | 49,955 |
| Operating Costs | 3 | 223,846 | 252,978 |
| Other Expenses | 5 | 10,929 | 12,432 |
Total Expenses | | 784,787 | 831,158 |
Net Deficit Before Donations | | (5,977,943) | (2,608,508) |
| Less
| Donations | | 1,184,252 | 1,397,126 |
Net Deficit for the Year | | (7,162,195) | (4,005,634) |
The accompanying notes form part of these financial statements
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Audit Report for The Community Trust of Wellington
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π° Finance & Revenue2 July 2009
Audit, Financial statements, Community Trust, Wellington
NZ Gazette 2009, No 106