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.

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