✨ Financial Statements Notes
THE COMMUNITY TRUST OF MID & SOUTH CANTERBURY INC
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2012 (Continued)
- Donations Approved not yet Paid
| 2012 | 2011 | |
|---|---|---|
| $ | $ | |
| Approved Donations not yet Paid Out Include | ||
| The Big Little Theatre Company | - | 3,000 |
| SC Roller Skating Club Inc. | - | 100,000 |
| SC Drama League | - | 4,000 |
| Hakaterere Marae | 100,000 | 100,000 |
| Philanthropy NZ | - | 683 |
| Bluestone House | - | 20,000 |
| Aoraki Foundation – CBay | 350,000 | 350,000 |
| Sacred Heart Parish | 3,000 | 3,000 |
| Opihi College Service Academy | - | 25,000 |
| Highfield Gym Club | 30,000 | - |
| Aoraki Foundation – CBay | 150,000 | - |
| Ashburton Stadium Complex | 500,000 | - |
| Aoraki Foundation – MRI Scanner | 100,000 | - |
| Timaru Municipal Band Inc. | 5,000 | - |
| Total | 1,238,000 | 605,683 |
- Taxation
The Trust is exempt from tax in accordance with Section CW52 of the Income Tax Act 2007.
- 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.
- Capital Commitments
There were no capital commitments as at 31 March 2012 (2011: Nil).
- Contingent Liabilities
There are no Contingent Liabilities at 31 March 2012 (2011: 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.
Next Page →
NZ Gazette 2012, No 100
✨ LLM interpretation of page content
💰
Notes to the Financial Statements for The Community Trust of Mid & South Canterbury Inc
(continued from previous page)
💰 Finance & RevenueDonations, Taxation, GST, Capital Commitments, Contingent Liabilities, Contingent Assets, Financial Statements, Trust, Canterbury