✨ Financial Statements
1 JULY 2009 NEW ZEALAND GAZETTE, No. 96 2145
- CASH AND CASH EQUIVALENTS
| | 2009 | | 2008 |
|----------------|--------| |--------|
| | $ | | $ |
| Current accounts| 8,690 | | 8,796 |
| Call account | 1,353,444 | | 269,268 |
| Petty cash | 252 | | 15 |
| Short term deposits | 4,000,000 | | 7,000,000 |
| Total cash | 5,362,386 | | 7,278,079 |
- DONATIONS
| | 2009 | | 2008 |
|----------------|---------| |---------|
| | $ | | $ |
| Standard donations | 1,607,209 | | 1,802,870 |
| Special donations | 4,331,500 | | 4,114,300 |
| Total community donations | 5,938,709 | | 5,917,170 |
| Less donations written back | -223,007 | | -108,678 |
| Net community donations | 5,715,702 | | 5,808,492 |
Total of donations payable at year end was $1,620,750 ($2,045,500 – 2008). Included in donations payable was $1,082,200 ($1,572,000 - 2008) of donations, which are subject to the applicants fulfilling certain conditions.
- RECONCILIATION OF NET SURPLUS WITH OPERATING CASH FLOWS
| | 2009 | | 2008 |
|--------------------------------|-------------| |---------------|
| | $ | | $ |
| Net deficit for the period | (17,998,496)| | (4,283,988) |
| Community Donations | - | | (5,808,492) |
| Adjust for non-cash items | | | |
| Unrealised loss on investments | 18,925,110 | | 13,010,653 |
| Depreciation | 13,700 | | 19,005 |
| Movements in net current assets| | | |
| Accrued income | 97,495 | | (12,130) |
| Current liabilities excluding donations | 55,000 | | 87,278 |
| Donations Payable | (424,750) | | 700,050 |
| Net operating cash flows | 668,059 | | 3,712,376 |
- CONTINGENT LIABILITIES & COMMITMENTS
Commitments
At year end the Trust had entered into an agreement with 10 other Community Trusts to contribute to the cost of new software. It is expected that the Trust will pay approximately $80,000 during the next financial year towards this. There are no other capital commitments (nil – 2008).
Lease commitments
| | 2009 | | 2008 |
|----------------|---------| |---------|
| | $ | | $ |
| Less than 1 year | 50,209 | | 47,592 |
| 1 – 5 years | 200,836 | | 190,368 |
| Over 5 years | 112,970 | | 154,674 |
| Total | 364,015 | | 392,634 |
The lease on the present Westerman’s premises commenced on 1st July 2004 and expires on 30th June 2016. The rent payable has been reviewed at the conclusion of the second and fourth years and the rental was adjusted in accordance to any increase in the consumer price index. In July 2010 the rent is market assessed but is limited to a 20% increase over the rent set in 2008.
Next Page →
NZ Gazette 2009, No 96
✨ LLM interpretation of page content
💰 Cash and Cash Equivalents
💰 Finance & RevenueCash, Current accounts, Call account, Petty cash, Short term deposits
💰 Donations
💰 Finance & RevenueDonations, Standard donations, Special donations, Community donations
💰 Reconciliation of Net Surplus with Operating Cash Flows
💰 Finance & RevenueNet surplus, Operating cash flows, Unrealised loss, Depreciation
💰 Contingent Liabilities & Commitments
💰 Finance & RevenueContingent liabilities, Commitments, Lease commitments