New Zealand Gazette – 2014 – No. 93

Page 2637

✨ Financial Statements



18 AUGUST 2014 NEW ZEALAND GAZETTE, No. 93 2637

Bay of Plenty Community Trust Incorporated

Notes to the financial statements (continued)

in New Zealand Dollars ($000’s)

4 Revenue

2014 2013
Interest received 47 86
Investment Income 869 586
Fair Value Investment gains and losses 16,264 16,969
Miscellaneous Income - 60
Conference Income 3 19
Fair value movement on loans and receivables 84 -
Total revenue 17,267 17,720

5 Other expenses

2014 2013
Accountancy fees 9 9
Depreciation 16 11
Office operating costs 55 58
Office lease expenses 57 59
Trust administration 178 241
Employer kiwisaver contribution 9 7
Wages and salaries 312 300
Trustees’ Remuneration (note 17) 163 164
Reimbursement of trustee expenses 30 32
Vehicle expenses 6 7
Fair value movement on loans and receivables 18 217
853 1,105

| Auditor’s remuneration to KPMG |
| - audit of financial statements | 12 | 12 |
| Total auditor’s remuneration | 12 | 12 |

Total other expenses | 865 | 1,117 |

6 Grants expenditure

The Trust’s principal activity is to distribute income from its investments to the Community. The following table summarises the grants made to the Community by Sector.

2014 2013
Active 572 598
Community Economic Development 211 233
Culture and Heritage 118 88
Education 46 31
Health 895 1,518
Dillon Scholarship 98 96
Grants Refunded or Cancelled - (18)
Total Grants 1,940 2,546

A full list of the grants expenditure can be found in note 20.

7 Grants payable

Grants recipient 2014 2013
Kawerau District Council 122 245
Sport Bay of Plenty 106 100
Dillon Recipients 1 -
Philips Search & Rescue Trust 300 500
Total 529 845


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Online Sources for this page:

Gazette.govt.nz — PDF NZ Gazette 2014, No 93




✨ LLM interpretation of page content

💰 Bay of Plenty Community Trust Financial Statements Notes (continued from previous page)

💰 Finance & Revenue
26 June 2014
Financial Statements, Notes, Revenue, Expenses, Grants, Community Trust