✨ Financial Performance Statement
THE COMMUNITY TRUST OF MID & SOUTH CANTERBURY INC
STATEMENT OF FINANCIAL PERFORMANCE
FOR THE YEAR ENDED 31 MARCH 2014
| Note | 2014 $ | 2013 $ | |
|---|---|---|---|
| INVESTMENT ACCOUNT | |||
| Income | |||
| Interest : Managed Funds | 1,037,167 | 1,545,230 | |
| Interest : Other | 1,526 | 1,462 | |
| Share of Profit/(Loss) : Te Kete Putea LP | - | 23,848 | |
| Other Investment Income | 4,520 | - | |
| Dividends : Managed Funds | 836,269 | 996,903 | |
| Total Income | 1,879,482 | 2,567,442 |
| Movement in Managed Funds | | | |
| New Zealand/Australian Property | | (356,474) | 360,883 |
| Offshore Cash and Bonds | | (19,417) | 191,014 |
| Offshore Equity | | 753,141 | 379,539 |
| New Zealand Cash and Bonds| | (317,503) | 201,963 |
| New Zealand/Australian Equity | | (13,214) | 959,303 |
| | | 46,533 | 2,092,701|
| Total Income | | 1,926,015| 4,660,143|
| Less Expenses : | | | |
| Direct Investment Expenditure | | | |
| Management Fees | | 125,086 | 74,997 |
| Custodian Fees | | 45,944 | 44,719 |
| Consultancy Fees | | 29,061 | 32,983 |
| Total Direct Investment Expenditure | | 200,091 | 152,699 |
| Less Operating Expenditure | | | |
| Advertising | | 12,222 | 9,750 |
| Auditor’s Fees | | 6,300 | 6,000 |
| Postage, Tolls and Fax | | 5,728 | 5,545 |
| Printing and Stationery | | 4,740 | 4,256 |
| Salary and Wages | | 126,134 | 120,222 |
| Accountancy and Advisory Fees | | 9,950 | 10,655 |
| Project Costs | | - | 6,044 |
| Database Costs | | 5,490 | - |
| General Professional Fees | | 3,212 | 4,586 |
| Sundry Administration Expenses | | 5,266 | 7,846 |
| Internal Affairs Department Costs | | - | 454 |
| Conference Expenses | | 10,710 | 3,163 |
| Rental | | 11,844 | 11,844 |
| Trustees Travel | | 10,730 | 8,756 |
| Trustees Honoraria | | 84,057 | 85,208 |
| Trustees Insurance | | 2,402 | 2,305 |
| Trustees Training | | 2,002 | 3,004 |
| Total Operating Expenditure | | 300,787 | 289,638 |
| Net Income/(Deficit) from Investment Account | | 1,425,137| 4,217,806|
These financial statements are to be read in conjunction with the accompanying notes.
These statements have been audited.
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NZ Gazette 2014, No 88
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Statement of Financial Performance for The Community Trust of Mid & South Canterbury Inc
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💰 Finance & RevenueFinancial Performance, Income, Expenses, Investment Account, Community Trust, Mid & South Canterbury