New Zealand Gazette – 2011 – No. 132

Page 3641

✨ Financial Statements



24 AUGUST 2011 NEW ZEALAND GAZETTE, No. 132 3641

THE COMMUNITY TRUST OF MID & SOUTH CANTERBURY INC

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2011 (Continued)

  1. Donations Approved not yet Paid

| | 2011 | | 2010 |
|----------------------|-----------| |-----------|
| | $ | | $ |

Approved Donations not yet Paid Out Include

The Big Little Theatre Company | 3,000 | | - |
SC Roller Skating Club Inc | 100,000 | | - |
Ngai Tahu Maori Rock Art Trust | - | | 50,000 |
SC Drama League | 4,000 | | - |
Hakataramea | - | | 100,000 |
Philanthropy NZ | 683 | | - |
Ashburton Vintage Car Club | - | | 50,000 |
Longbeach School | - | | 4,000 |
Bluestone House | 20,000 | | 20,000 |
Aoraki Foundation | 350,000 | | 350,000 |
Sacred Heart Parish | 3,000 | | 3,000 |
Timaru Patchwork & Quilters | - | | 3,000 |
Opihi College Service Academy | 25,000 | | 50,000 |
NZ Mountain Safety Council | - | | 390 |
Ashburton District Neighbourhood Support | - | 5,000 |
|-----------| |-----------|
| 605,683 | | 535,390 |

  1. Taxation

The Trust is exempt from tax in accordance with Section CW52 of the Income Tax Act 2007.

  1. Goods and Services Tax

These Financial Statements are stated on a GST exclusive basis, except for debtors and creditors which are stated on a GST inclusive basis.

  1. Capital Commitments

There were no capital commitments as at 31 March 2011. (2010: Nil).

  1. Contingent Liabilities

There are no Contingent Liabilities at 31 March 2011 (2010: $Nil).

Contingent Assets

The Trust granted a donation to Project Waimate to assist with the purchase of a building. The donation was provided on the basis that should the property for which the grant was used be sold the donation should be paid back to the Trust. The Trust has a 2nd registered mortgage over the property.

  1. Advances

There are no advances outstanding at Balance Date.



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Online Sources for this page:

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




✨ LLM interpretation of page content

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

💰 Finance & Revenue
3 August 2011
Financial Statements, Accounting Policies, Community Trusts, Mid & South Canterbury