✨ Community Trust Financial Statements
2832 NEW ZEALAND GAZETTE, No. 123 19 AUGUST 2009
West Coast Community Trust Summarised Financial Statements
For the Year Ended 31 March 2009
Financial Performance
| 2009 | 2008 | |
|---|---|---|
| $ | $ |
During the year we received income from the following:
- Income from Investments | 182,205 | 57,462 |
- Other Income | 2,080 | 8,355 |
| 184,285 | 65,817 |
We used this income for:
- Trustees' Fees & Expenses | 24,420 | 26,160 |
- Investment Advice & Management Fees | 28,116 | 28,536 |
- Other Administration Costs | 51,235 | 39,005 |
- Leaving a Profit / (Loss) | 80,514 | (27,884) |
Financial Position
| 2009 | 2008 | |
|---|---|---|
| $ | $ |
We began the year with a total capital base of:
| 5,038,973 | 5,161,872 |
To this we added (deducted)
- Profit / (Loss) | 80,514 | (27,884) |
- And paid grants | (83,420) | (95,015) |
And finished with Trust Funds of:
| 5,036,067 | 5,038,973 |
These Trust Funds are represented by
Current Assets:
- Cash and cash equivalents | 31,329 | 130,945 |
Non Current Assets:
- Investments | 5,007,968 | 4,974,404 |
- Fixed Assets | 77 | 108 |
| 5,008,045 | 4,974,512 |
Total Assets | 5,039,374 | 5,105,457 |
Less Liabilities (all current) | (3,307) | (66,484) |
TOTAL NET ASSETS | 5,036,067 | 5,038,973 |
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NZ Gazette 2009, No 123
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West Coast Community Trust Financial Statements
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