✨ Financial Statements
4 SEPTEMBER 2009 NEW ZEALAND GAZETTE, No. 133 3115
The Foundation’s financial liabilities comprise trade and other payables, and committed but unpaid grants.
At balance date, all trade and other payables were current, and are normally settled on the 20th of the month following invoice date.
Committed but unpaid grants are held as current liabilities pending the satisfaction of conditions under which the grant was made. At balance date Committed but unpaid Grants totalled $697,521. These committed but unpaid grants had the following profile:
| Financial Year Approved | Number of Grants Outstanding | Value $ |
|---|---|---|
| 2006 | 1 | 197,000 |
| 2007 | 1 | 10,000 |
| 2009 | 22 | 352,152 |
| Total | 559,152 |
Committed but unpaid grants at 31 March 2008 had the following profile:
| Financial Year Approved | Number of Grants Outstanding | Value $ |
|---|---|---|
| 2005 | 1 | 3,000 |
| 2006 | 3 | 215,000 |
| 2007 | 3 | 100,521 |
| 2008 | 8 | 379,000 |
| Total | 697,521 |
11 Capital Commitments and Contingent Liabilities
Other than committed grants, the Foundation has no other capital commitments or contingent liabilities (2008 Nil).
12 Material Events after balance date
There were no material events after balance date which required adjustment to the Financial Statements for the year ended 31 March 2009 (2008 Nil).
13 Whanganui Regional PHO - Loan
The Foundation has approved a loan of $500,000 to Whanganui Regional PHO subject to certain conditions being met. The Loan has not yet been uplifted at balance date.
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NZ Gazette 2009, No 133
✨ LLM interpretation of page content
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Financial Statements of Whanganui Community Foundation Incorporated
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💰 Finance & RevenueFinancial Statements, Community Trusts, Whanganui Community Foundation, Liabilities, Grants, Loan, PHO