4 AUGUST 2014

NEW ZEALAND GAZETTE, No. 88

Timaru: 26 Canon Street | PO Box 58 | Timaru 7940
Tel: (64) (3) 687 7122 | Fax: (64) (3) 684 8558
Email: reception@martinwakefield.co.nz
Web: www.martinwakefield.co.nz

Christchurch: 4/29 Acheron Drive | PO Box 9404
Christchurch 8149 | Tel: (64) (3) 343 4012 | Fax: (64) (3) 961 1127
Email: bodycorp@martinwakefield.co.nz
Web: www.mwbodycorp.com

INDEPENDENT AUDITOR’S REPORT

To the Members of The Community Trust of Mid & South Canterbury Incorporated

Report on the Financial Statements

We have audited the financial statements of The Community Trust of Mid & South Canterbury Incorporated on pages 4 to 22, which comprise the statement of financial position as at 31 March 2014, the statement of financial performance, statement of movements in equity 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 and fair presentation of these financial statements in accordance with generally accepted accounting practice in New Zealand 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 Responsibilities

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.

Other than in our capacity as auditor we have no relationship with, or interests in, The Community Trust of Mid & South Canterbury Incorporated.

Opinion

In our opinion, the financial statements on pages 4 to 22 present fairly, in all material respects, the financial position of The Community Trust of Mid & South Canterbury Incorporated as at 31 March 2014 and its financial performance for the year then ended in accordance with generally accepted accounting practice in New Zealand.

Auditor:
Martin Wakefield

Date:
28 July 2014

Address (city): Canon Street, TIMARU

Partners: William R. Baillie B.Com C.A., Hamish T. Moorhead B.Com C.A., Derily O. MacLean B.Com (Hons) C.A.

PUBLISHED BY THE
DEPARTMENT OF INTERNAL AFFAIRS

newzealand.govt.nz

ISSN 0111-5650
ISSN 1177-8415
Price $6.00 (inc. GST)