✨ Financial Statements
NEW ZEALAND GAZETTE, No. 107 31 AUGUST 2012
West Coast Community Trust Summarised Financial Statements
For the Year Ended 31 March 2012
Financial Performance
| 2012 | 2011 | |
|---|---|---|
| $ | $ |
During the year we received income from the following:
Income from Investments | 184,494 | 309,411 |
Income from Grants | 90,000 | - |
| 274,494 | 309,411 |
We used this income for:
Trustees' Fees & Expenses | 24,625 | 22,270 |
Investment Advice & Management Fees | 23,090 | 23,176 |
Other Administration Costs | 56,597 | 51,015 |
Leaving a Profit / (Loss) | 170,182 | 212,950 |
Financial Position
| 2012 | 2011 | |
|---|---|---|
| $ | $ |
We began the year with a total capital base of: | 5,525,455 | 5,405,053 |
To this we added (deducted)
Profit / (Loss) | 170,182 | 212,950 |
And paid grants | (146,275) | (92,548) |
And finished with Trust Funds of | 5,549,362 | 5,525,455 |
These Trust Funds are represented by
Current Assets:
Cash and cash equivalents | 81,357 | 76,421 |
Non Current Assets:
Investments | 5,466,081 | 5,445,963 |
Fixed Assets | 2,589 | 5,060 |
| 5,468,670 | 5,451,028 |
Total Assets | 5,550,027 | 5,527,449 |
Less Liabilities (all current) | (665) | (1,994) |
TOTAL NET ASSETS | 5,549,362 | 5,525,455 |
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NZ Gazette 2012, No 107
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West Coast Community Trust Financial Statements
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