✨ Financial Statements
West Coast Community Trust Summarised Financial Statements
For the Year Ended 31 March 2011
Financial Performance
| 2011 | 2010 | |
|---|---|---|
| $ | $ |
During the year we received income from the following:
Income from Investments | 309,411 | 542,497
We used this income for:
Trustees' Fees & Expenses | 22,270 | 24,597
Investment Advice & Management Fees | 23,176 | 25,758
Other Administration Costs | 51,015 | 52,738
Leaving a Profit / (Loss) | 212,950 | 439,410
Financial Position
| 2011 | 2010 | |
|---|---|---|
| $ | $ |
We began the year with a total capital base of: | 5,405,053 | 5,036,067
To this we added (deducted):
Profit / (Loss) | 212,950 | 439,410
And paid grants | (92,548) | (70,425)
And finished with Trust Funds of | 5,525,455 | 5,405,052
These Trust Funds are represented by:
Current Assets:
Cash and cash equivalents | 76,421 | 71,451
Non Current Assets:
Investments | 5,445,968 | 5,335,610
Fixed Assets | 5,060 | 46
Total Assets | 5,527,449 | 5,407,107
Less Liabilities (all current) | (1,994) | (2,055)
TOTAL NET ASSETS | 5,525,455 | 5,405,052
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NZ Gazette 2011, No 128
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West Coast Community Trust Financial Statements
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