NEW ZEALAND GAZETTE, No. 76

14 JUNE 2013

INDEPENDENT AUDITOR'S REPORT

CHARTERED ACCOUNTANTS

To the Trustees of Eastern & Central Community Trust

Report on the Financial Statements

We have audited the financial statements of Eastern & Central Community Trust (the Trust) on pages 5 to 23, which comprise the statement of financial position as at 31 March 2013, and the statement of financial performance, statement of changes in equity and cash flow statement for the year then ended, and a summary of significant accounting policies and other explanatory information.

Trustees' Responsibility for the Financial Statements

The Trustees are responsible for the preparation of these financial statements in accordance with generally accepted accounting practice in New Zealand and that give a true and fair view of the matters to which they relate and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

Auditor's Responsibility

Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with International Standards on Auditing (New Zealand). Those standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor's judgement, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity’s preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity's internal control. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates, as well as evaluating the overall presentation of the financial statements.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.

In our capacity as auditor we have no relationship with, or interests in Eastern & Central Community Trust.

Opinion

In our opinion, the financial statements on pages 5 to 23

• comply with generally accepted accounting practice in New Zealand
• comply with New Zealand Equivalents to International Financial Reporting Standards
• give a true and fair view of the financial position of Eastern & Central Community Trust as at 31 March 2013 and of its financial performance and its cash flows for the year then ended.

Report on Other Legal and Regulatory Requirements

In accordance with the Financial Reporting Act 1993, we report that:

• we have obtained all the information and explanations we have required.
• in our opinion, proper accounting records have been kept by Eastern & Central Community Trust as far as appears from our examination of those records.

Staples Rodway Hawkes Bay Partnership
24 May 2013
Hastings, New Zealand