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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

2018

 

2019

$000's

 

$000's

35,213

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

43,788

31,453

Expenses including depreciation

40,645

3,760

Net operating surplus

3,143

(186)

Community initiatives

(78)

(3)

Bequests movement

(2)

3,571

Trust Surplus

3,063

Financial Position
as at 30 June 2019

 

2018

 

2019

$000’s

 

$000’s

 

The Institute’s Trust Capital is represented by;

 

1,756

Trust capital

1,756

189

Special bequests

189

440

Trust investment funds

440

10,117

Reserves and provisions

10,293

19,192

Accumulated funds

22,081

31,694

Total Trust Capital

34,759

 

Trust Capital funds the following Net Assets;

 

(1,942)

Working capital

6,227

33,660

Fixed assets

33,532

(24)

Long term liabilities

(5,000)

31,694

Total Net Assets

34,759

Movement in Equity
for the year ended 30 June 2019

 

2018

 

2019

$000’s

 

$000’s

28,110

Opening balance

31,694

10

First year of NZ Rivers Trust brought in

-

3,571

Trust Surplus

3,063

-

Revaluation of property

-

3

Bequests movement

2

31,694

Closing Balance

34,759


R. DICKINSON, Chairman.

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