New Zealand Gazette – 2014 – No. 95

Page 2666

✨ Financial Statements



NEW ZEALAND GAZETTE, No. 95

19 AUGUST 2014

Whanganui Community Foundation Incorporated - Parent

Statement of Financial Position as at 31 March 2014

ASSETS

Note 2014 $ 2013 $
Current Assets
Cash and Cash Equivalents
- Westpac Trust 195,045 2,513
- On Call Account 1,394,981 1,106,720
- Term Deposits 5 10,900,000 1,600,000
Accrued Interest 72,061 103,885
GST 13,717 8,073
Social loans (current portion) 134,000 62,000
Prepaid expenses - 4,887
Total Current Assets 12,709,804 2,888,078

| Non Current Assets | | | |
| Property, Plant and Equipment | | 7,996 | 6,833 |
| Investments | | | |
| State Street Global Assets | 5 | 20,255,681 | 23,196,756 |
| Term Deposit | 5 | - | 5,750,000 |
| Bonds | 5 | 2,038,730 | 2,297,325 |
| Hedging contract | 5 | 463,171 | - |
| Shares in listed companies | 5 | 161,500 | - |
| Social Loans | | 499,334 | 305,834 |
| Shares in Te Kete Putea Ltd | 6 | 16,500 | 20,750 |
| Total Non-Current Assets | | 23,434,916 | 31,570,665 |

| Total Assets | | 36,152,716 | 34,465,575 |

LIABILITIES

Note 2014 $ 2013 $
Current Liabilities
Accounts Payable 59,104 46,198
Accrued Salaries and Wages 25,483 14,248
Grants approved but not yet paid 71,930 93,407
Restructuring provision 141,928 -
Total Current Liabilities 298,445 153,853

| Total Liabilities | | 298,445 | 153,853 |

| Net Assets | | 35,854,271 | 34,311,723 |

Represented by Equity

Note 2014 $ 2013 $
Capital 9 35,854,271 34,311,723

NOTE: This statement is to be read in conjunction with the Notes to the financial statements on pages 13 to 23.



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Gazette.govt.nz — PDF NZ Gazette 2014, No 95




✨ LLM interpretation of page content

💰 Whanganui Community Foundation Incorporated - Parent Statement of Financial Position as at 31 March 2014 (continued from previous page)

💰 Finance & Revenue
Financial Statements, Assets, Liabilities, Equity, 2014, 2013