✨ Financial Statements
27 AUGUST 2014 NEW ZEALAND GAZETTE, No. 102 2827
West Coast Community Trust Summarised Financial Statements
For the Year Ended 31 March 2014
Financial Performance
| 2014 | 2013 | |
|---|---|---|
| $ | $ |
During the year we received income from the following:
- Income from Investments | 359,305 | 338,214 |
- Income from Grants | 90,000 | 90,000 |
| 449,305 | 428,214 |
We used this income for:
- Trustees' Fees & Expenses | (Note 6) | 18,250 | 29,277 |
- Investment Advice & Management Fees | 17,524 | 32,923 |
- Other Administration Costs | 59,370 | 61,901 |
- Leaving a Profit / (Loss) | 354,161 | 304,113 |
Financial Position
| 2014 | 2013 | |
|---|---|---|
| $ | $ |
We began the year with a total capital base of: | 5,669,271 | 5,549,362 |
To this we added (deducted):
- Profit / (Loss) | 354,161 | 304,113 |
- And paid grants | (180,626) | (183,522) |
- And paid imputation credits and overseas taxes | (6,313) | (682) |
And finished with Trust Funds of | 5,836,493 | 5,669,271 |
These Trust Funds are represented by:
Current Assets:
- Cash and cash equivalents | 11,761 | 169,167 |
Non Current Assets:
- Investments | (Note 8) | 5,839,555 | 5,509,345 |
- Fixed Assets | (Note 3) | - | 133 |
| 5,839,555 | 5,509,478 |
Total Assets | 5,851,316 | 5,678,645 |
Less Liabilities (all current) | (14,823) | (9,374) |
TOTAL NET ASSETS | 5,836,493 | 5,669,271 |
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NZ Gazette 2014, No 102
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West Coast Community Trust Financial Statements
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💰 Finance & Revenue11 August 2014
Financial Statements, Audit, Community Trust, West Coast