✨ Financial Statements
9 AUGUST 2013 NEW ZEALAND GAZETTE, No. 104 2817
Net Surplus/(Deficit) for the Year 2,217,941 (703,819)
Add/(Less) Non Cash Items
Depreciation 7,501 3,251
Changes in Investment Values (1,414,589) 921,751
Working Capital Movements 810,853 221,183
Increase in Accrued Income (90,769) (1,224)
Increase in Accounts Payable 8951 15,176
Decrease in Grants Approved but Not Paid (163,090) (49,418)
(Increase)/Decrease in Social Loans (9,500) 66,666
(Increase)/decrease in Prepayments (4,887) --
Increase/(Decrease) in related party liabilities -- (692,233)
Net Cash Inflow/(Outflow) from Operating Activities (259,295) (661,033)
Investments
The following were the investment portfolio allocations as at 31 March 2013:
| Group | 2013 | % | 2012 | % |
|---|---|---|---|---|
| Global Equities | 23,196,756 | 69.0 | 22,659,281 | 71.5 |
| Bonds and Term Deposits | 10,417,325 | 31.0 | 9,040,211 | 28.5 |
| 33,614,081 | 100.0 | 31,699,492 | 100.0 |
| Parent | 2013 | % | 2012 | % |
|---|---|---|---|---|
| Global Equities | 23,196,756 | 69.6 | 22,659,281 | 72.1 |
| Bonds and Term Deposits | 10,147,325 | 30.4 | 8,770,211 | 27.9 |
| 33,344,081 | 100.0 | 31,429,492 | 100.0 |
Grants Management System Loan
The Foundation capitalised $25,000 as a loan for the development of a grants management system in conjunction with 10 other community trusts. This loan has been converted into shares in a limited partnership (Te Kete Putea Ltd.) The underlying asset of the partnership is a grants database that will amortise over its economic life of the asset. The database will be amortised over a period of 6 years, which reflects the economic life of the asset.
Property, Plant and Equipment
| Group | 2013 Cost | Depreciation | Revaluation | Accumulated Depreciation | Book Value |
|---|---|---|---|---|---|
| Land and Building | 535,000 | 11,590 | -- | 11,590 | 523,410 |
| Office Equipment and Furniture | 34,605 | 4,333 | -- | 25,278 | 9,327 |
| Shares in Te Kete Putea (grants database) | 25,000 | 4,250 | -- | 4,250 | 20,750 |
| 594,605 | 20,173 | -- | 41,118 | 553,487 |
| Group | 2012 Cost | Depreciation | Revaluation | Accumulated Depreciation | Book Value |
|---|---|---|---|---|---|
| Land and Building | 562,893 | 11,590 | (27,983) | -- | 535,000 |
| Office Equipment and Furniture | 47,768 | 5,095 | -- | 34,108 | 13,660 |
| 610,661 | 16,685 | (27,983) | 34,108 | 548,660 |
Reconciliation of Carrying Value of Property, Plant and Equipment
| 2013 $ | 2012 $ | |
|---|---|---|
| Book value at 1 April 2012 | -- | 588,876 |
| Plus additions | 25,000 | 4,452 |
| Revaluations | -- | (27,983) |
| Less depreciation | (20,173) | (16,685) |
| Book value at 31 March 2013 | 553,487 | 548,660 |
As at 31 March 2013, had the land and buildings been carried at historical cost less accumulated depreciation their carrying value would have been approximately $126,436 (2012: $131,704).
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NZ Gazette 2013, No 104
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Whanganui Community Foundation Financial Statements
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🏢 State Enterprises & InsuranceFinancial Statements, Accounting Policies, Reporting Entity, Compliance, Consolidated Statements, Revenue, Grants, Whanganui Community Foundation