Notice Type
Charitable Trusts
Notice Title

CAWTHRON INSTITUTE TRUST BOARD

Publication 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
for the year ended 30 June 2018

2017

$000s

Per Audited Accounts

 

2018

$000s

Per Audited Accounts

27,395

Income from research contracts, analytical services, consultancy and other scientific projects, lease income and other income

35,213

25,633

Expenses including depreciation

31,453

1,762

Net operating surplus

3,760

-

Enterprising Partnership Fund income

-

1,762

Net surplus

3,760

(98)

Community initiatives

(186)

(2)

Bequests movement

(3)

1,662

Trust Surplus

3,571

Financial Position
as at 30 June 2018

2017

$000s

Per Audited Accounts

 

2018

$000s

Per Audited Accounts

 

The Institute’s Trust Capital is represented by:

 

1,756

Trust capital

1,756

187

Special bequests

189

440

Trust investment funds

440

9,938

Reserves and provisions

10,117

15,789

Accumulated funds

19,192

28,110

Total Trust Capital

31,694

 

Trust Capital funds the following Net Assets:

 

130

Working capital

(1,942)

27,610

Fixed assets and long term assets

33,220

(72)

Long term liabilities

(24)

442

Trust investments

440

28,110

Total Net Assets

31.694

2017

$000s

Per Audited Accounts

 

2018

$000s

Per Audited Accounts

21,822

Opening balance

28,110

-

First year of NZ Rivers Trust brought in

10

1,662

Trust Surplus

3,5710

4,623

Revaluation of property

-

3

Bequests movement

3

28,110

Closing Balance

31,694


R. DICKINSON, Chairman.

Cawthron Financial Statements Have Been Audited by Crowe Horwath New Zealand Audit Partnership.