Financial Statements




3630 NEW ZEALAND GAZETTE, No. 132 24 AUGUST 2011

THE COMMUNITY TRUST OF MID & SOUTH CANTERBURY INC

STATEMENT OF FINANCIAL PERFORMANCE

FOR THE YEAR ENDED 31 MARCH 2011

Note 2011 $ 2010 $

INVESTMENT ACCOUNT

Income
Interest : Managed Funds | 1,197,618 | 915,115 |
Interest : Other | 1,050 | 972 |
Sundry | 400 | 10,000 |
Dividends : Managed Funds | 799,012 | 363,470 |
Total Income | 1,998,080 | 1,289,557 |

Movement in Managed Funds
NZ/Australian Property | 38,609 | 16,800 |
Offshore Cash & Bonds | 101,323 | 1,273,465 |
Offshore Equity | (581,450) | 3,054,216 |
New Zealand Cash & Bonds | 541,343 | 1,067,702 |
New Zealand/Australian Equity | 499,171 | 1,370,639 |
Net Increase/(Decrease) in Managed Funds | 598,996 | 6,782,822 |
| 2,597,076 | 8,072,379 |

Less Expenses
Direct Investment Expenditure | |
Management Fees | 108,410 | 108,485 |
Consultancy Fees | 29,448 | 35,896 |
Total Direct Investment Expenditure | 137,858 | 144,381 |
| 2,459,218 | 7,927,998 |

Less Operating Expenditure
Advertising | 12,342 | 12,564 |
Auditor’s Fees | 5,400 | 5,400 |
Postage, Tolls and Fax | 4,030 | 1,315 |
Printing and Stationery | 6,782 | 6,091 |
Salary and Wages | 97,392 | 106,562 |
Professional Fees:
: Accountancy and Advisory | 9,330 | 8,850 |
: Project Costs | 22,214 | 18,353 |
: General | 3,997 | - |
Sundry Administration Expenses | 16,636 | 11,798 |
Conference Expenses | 5,920 | 8,669 |
Internal Affairs Department Costs| 252 | 438 |
Trust Rental | 7,500 | 7,090 |
Trustees:
: Meeting Expenses | 63,761 | 58,308 |
: Travel | 13,727 | 12,597 |
: Honoraria | 20,043 | 20,578 |
Trustees Insurance | 1,510 | 1,435 |
Trustees Training | 3,001 | 577 |
Total Operating Expenditure | 293,837 | 280,625 |
Net Income Before Community House Rental Account | 2,165,381 | 7,647,373 |



Next Page →



Online Sources for this page:

Gazette.govt.nz PDF NZ Gazette 2011, No 132





✨ LLM interpretation of page content

💰 Financial Statements of The Community Trust of Mid & South Canterbury Inc (continued from previous page)

💰 Finance & Revenue
Financial Statements, Community Trusts Act 1999, Mid & South Canterbury