✨ Financial Statements
Otago Community Trust
Notes to the financial statements
For the year ended 31 March 2014
In New Zealand Dollars (000's)
| Group | Parent | |||
|---|---|---|---|---|
| 2014 | 2013 | 2014 | 2013 | |
| Professional fees: | ||||
| - accounting and other support | 14 | 13 | 14 | 13 |
| - computer support | 46 | 43 | 46 | 43 |
| - legal advice | 3 | 2 | 3 | 1 |
| - donations related | 17 | - | 17 | - |
| - staff recruitment | 24 | - | 24 | - |
| - investment advisor review | 22 | - | 22 | - |
| - other professional advice | 8 | 12 | 7 | 10 |
| Total professional fees | 134 | 70 | 133 | 67 |
3 Donations
| Group | Parent | |||
|---|---|---|---|---|
| 2014 | 2013 | 2014 | 2013 | |
| Donations paid for the year | 4,728 | 5,423 | 4,728 | 5,423 |
| Balance paid | 4,728 | 5,423 | 4,728 | 5,423 |
Comprising:
| - Tax exempt donees | 4,431 | 5,279 | 4,431 | 5,279 |
| - Non tax exempt donees | 297 | 144 | 297 | 144 |
| | 4,728 | 5,423 | 4,728 | 5,423 |
| Movement in donations payable for the year | (274) | (731) | (274) | (731) |
| Donations approved during the year | 4,454 | 4,692 | 4,454 | 4,692 |
Available for non-taxable distribution to Donees
| 2014 | 2013 | |
|---|---|---|
| Opening Balance | 160,013 | 160,157 |
| Deduct donations paid to non tax exempt donees | (297) | (144) |
| Deduct donations paid to tax exempt donees | - | - |
| Closing balance | 159,716 | 160,013 |
Available for taxable distribution to Donees
| 2014 | 2013 | |
|---|---|---|
| Opening Balance | 65,442 | 48,727 |
| Current year surplus | 17,405 | 21,263 |
| Deduct donations approved during the year | (4,454) | (4,692) |
| 78,393 | 65,298 | |
| Add donations paid during the year | 4,728 | 5,423 |
| Deduct donations paid to tax exempt donees | (4,431) | (5,279) |
| Closing balance | 78,690 | 65,442 |
| Total Trust Capital | 238,406 | 225,455 |
Next Page →
NZ Gazette 2014, No 85
✨ LLM interpretation of page content
💰
Otago Community Trust Financial Statements
(continued from previous page)
💰 Finance & RevenueFinancial Statements, Community Trusts, Revenue, Investment Fees, Other Expenses, Rents, Managed Fund Income, Interest, Investment Income, Impairment Loss, Fund Manager Fees, Investment Advisory Fees, Public and Statutory Reporting, Audit Fees, Promotion, Depreciation, Amortisation, Professional Fees, Property Costs, Salaries, Other Operating, Trustee Remuneration, Trustee Expenses, Loss on Disposal of Fixed Assets, Professional fees, accounting and other support, computer support, legal advice, donations related, staff recruitment, investment advisor review, other professional advice, Donations paid for the year, Balance paid, Tax exempt donees, Non tax exempt donees, Movement in donations payable for the year, Donations approved during the year, Available for non-taxable distribution to Donees, Opening Balance, Deduct donations paid to non tax exempt donees, Deduct donations paid to tax exempt donees, Closing balance, Available for taxable distribution to Donees, Current year surplus, Deduct donations approved during the year, Add donations paid during the year, Total Trust Capital