✨ Financial Statements
West Coast Community Trust Summarised Financial Statements
For the Year Ended 31 March 2013
Financial Performance
| 2013 | 2012 | |
|---|---|---|
| $ | $ |
During the year we received income from the following:
| Income from Investments | 338,214 | 184,494 |
| Income from Grants | 90,000 | 90,000 |
| Total Income | 428,214 | 274,494 |
We used this income for:
| Trustees' Fees & Expenses | (Note 6) 29,277 | 24,625 |
| Investment Advice & Management Fees | 32,923 | 23,090 |
| Other Administration Costs | 61,901 | 56,597 |
| Leaving a Profit / (Loss) | 304,113 | 170,182 |
Financial Position
| 2013 | 2012 | |
|---|---|---|
| $ | $ |
We began the year with a total capital base of:
| | 5,549,362 | 5,525,455 |
To this we added (deducted):
| Profit / (Loss) | 304,113 | 170,182 |
| And paid grants | (Note 9) (183,522) | (146,275) |
| And paid overseas taxes| (682) | - |
| And finished with Trust Funds of | 5,669,271 | 5,549,362 |
These Trust Funds are represented by
Current Assets:
| Cash and cash equivalents | 169,167 | 81,357 |
Non Current Assets:
| Investments | (Note 8) 5,509,345 | 5,466,081 |
| Fixed Assets | (Note 3) 133 | 2,589 |
| Total Assets | 5,678,645 | 5,550,027 |
| Less Liabilities (all current) | (9,374) | (665) |
| TOTAL NET ASSETS | 5,669,271 | 5,549,362 |
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NZ Gazette 2013, No 120
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West Coast Community Trust Financial Statements
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