13 JULY 2011 NEW ZEALAND GAZETTE, No. 104 2961

Bay of Plenty Community Trust Incorporated

INGHAM MORA

CHARTERED ACCOUNTANTS

INDEPENDENT AUDITOR’S REPORT

To the Trustees of the Bay of Plenty Community Trust Incorporated

Report on the Financial Statements

We have audited the financial statements of the Bay of Plenty Community Trust Incorporated on pages 5 to 22, which comprise the balance sheet as at 31 March 2011, the statement of comprehensive income, statement of changes in equity and statement of cashflows for the year then ended, and a summary of significant accounting policies and other explanatory information.

Trustees’ Responsibility for the Financial Statements

The trustees are responsible for the preparation and fair presentation of these financial statements in accordance with generally accepted accounting practice in New Zealand and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

Auditor’s Responsibility

Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with International Standards on Auditing (New Zealand).

Those standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor’s judgement, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity’s preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates, as well as evaluating the overall presentation of the financial statements.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.

Other than in our capacity as auditor we have no relationship with, or interests in, the Bay of Plenty Community Trust Incorporated.

Opinion

In our opinion, the financial statements on pages 5 to 22:

• comply with generally accepted accounting practice in New Zealand;
• comply with International Financial Reporting Standards; and
• give a true and fair view of the financial position of the Bay of Plenty Community Trust Incorporated as at 31 March 2011 and its financial performance and its cash flows for the year ended on that date.

Report on Other Legal and Regulatory Requirements

In accordance with the Community Trusts Act 1999 and the Financial Reporting Act 1993, we report that:

• We have obtained all the information and explanations that we have required.
• In our opinion, proper accounting records have been kept by the Bay of Plenty Community Trust Incorporated, as far as appears from an examination of those records.

Ingham Mora

INGHAM MORA
Tauranga

24 June 2011

PUBLISHED BY THE
DEPARTMENT OF INTERNAL AFFAIRS

newzealand.govt.nz

INTERNAL AFFAIRS

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