Gazette.govt.nzPublication of Disclosures
The CAWTHRON INSTITUTE TRUST BOARD is a charitable trust established in accordance with the Thomas Cawthron Trust Act 1924 to oversee the Cawthron Institute.
Pursuant to section 14(3) of the Thomas Cawthron Trust Act 1924, the annual balance sheet and statement of accounts for the CAWTHRON INSTITUTE TRUST BOARD are hereby notified as follows:
|
Financial Performance |
||
|
2016 $000s Per Audited Accounts |
2017 $000s Per Audited Accounts |
|
|
24,957 |
Income from research contracts, analytical services, consultancy and other scientific projects, lease income and other income |
27,395 |
|
24,314 |
Expenses including depreciation |
25,633 |
|
643 |
Net operating surplus |
1,762 |
|
56 |
Enterprising Partnership Fund income |
- |
|
669 |
Net surplus |
1,762 |
|
(157) |
Community initiatives |
(98) |
|
(12) |
Bequests movement |
(2) |
|
530 |
Trust Surplus |
1,662 |
|
Financial Position |
||
|
2016 $000s Per Audited Accounts |
2017 $000s Per Audited Accounts |
|
|
|
The Institute’s Trust Capital is represented by: |
|
|
1,756 |
Trust capital |
1,756 |
|
186 |
Special bequests |
187 |
|
440 |
Trust investment funds |
440 |
|
5,315 |
Reserves and provisions |
9,938 |
|
14,125 |
Accumulated funds |
15,789 |
|
21,822 |
Total Trust Capital |
28,110 |
|
|
Trust Capital funds the following Net Assets: |
|
|
(525) |
Working capital |
130 |
|
22,536 |
Fixed assets and long term assets |
27,610 |
|
(629) |
Long term liabilities |
(72) |
|
440 |
Trust investments |
442 |
|
21,822 |
Total Net Assets |
28,110 |
|
2016 $000s Per Audited Accounts |
2017 $000s Per Audited Accounts |
|
|
21,280 |
Opening balance |
21,822 |
|
530 |
Trust Surplus |
1,662 |
|
|
Revaluation of property |
4,623 |
|
12 |
Bequests movement |
3 |
|
21,822 |
Closing Balance |
28,110 |
R. DICKINSON, Chairman.
Audited by Crowe Horwath New Zealand Audit Partnership.