✨ Financial Statements
Financial Statements
Notes to the financial statements (In New Zealand Dollars ($000’s))
8 Other expenses Cont’d
| Group | Group | |
|---|---|---|
| Property costs | 281 | 382 |
| Salaries, trustee fees and staff-recruiting fees | 950 | 836 |
| Auditor’s remuneration to PricewaterhouseCoopers | ||
| - for audit of financial statements | 37 | 36 |
| - other assurance reviews | 8 | - |
| Total other expenses | 1,545 | 1,908 |
9 Distributions in the form of Donations
The names of the organisations to whom distributions have been made by the Group under section 13 of The Community Trust Act 1999 during the financial year and the amounts distributed are shown in the Annual Report.
Funds carried forward as accumulated income are available for the payment of donations in future years. Budgeted donations unspent in the current year are to be distributed in the following year.
The Group has future commitments of donations where the donee must fulfil future obligations before the donation is payable. At 31 March 2011 these totalled $1,471,760 (2010: $1,849,000).
The Trustees recognise that there is a need to ensure a fairness and equity between the regions as far as payments of donations are concerned in relation to budgetary allocations. The allocation of donations between regions is based on population statistics for each region.
10 Property, Plant and Equipment
| Land and buildings | Office equipment | Fixtures and fittings | Computers | Leasehold impr | Total | |
|---|---|---|---|---|---|---|
| Cost | ||||||
| Balance at 1 April 2010 | 1,830 | 39 | 139 | 135 | 37 | 2,160 |
| Additions | 0 | 55 | 40 | 111 | 184 | 390 |
| Disposals | 0 | 0 | 0 | 0 | 0 | 0 |
| Transfer to Investment Property | (1,830) | 0 | 0 | 0 | 0 | (1,830) |
| Balance as at 31 March 2011 | 0 | 94 | 179 | 246 | 201 | 720 |
| Land and buildings | Office equipment | Fixtures and fittings | Computers | Leasehold impr | Total | |
|---|---|---|---|---|---|---|
| Balance at 1 April 2009 | 1,830 | 56 | 444 | 173 | 0 | 2,503 |
| Additions | 0 | 0 | 44 | 39 | 17 | 100 |
| Disposals | 0 | (17) | (349) | (77) | 0 | (443) |
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NZ Gazette 2011, No 116
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Canterbury Community Trust Financial Statements
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💰 Finance & RevenueFinancial Statements, Accounting Policies, Charitable Trust, Canterbury