CAWTHRON INSTITUTE TRUST BOARD

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The CAWTHRON INSTITUTE TRUST BOARD is a charitable trust established in accordance with the Thomas Cawthron Trust Act 1924 to oversee the Cawthron Institute. The charitable purpose of Cawthron Institute is advancement of science to benefit Te Tau Ihu and Aotearoa New Zealand, with a focus on natural resources.

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 2021
2020		2021
$000’s		$000’s
45,097	Income from research contracts, analytical services, consultancy & other scientific projects, lease income and other income	43,598
43,250	Expenses including depreciation	43,114
1,847	Net operating surplus	484
-	Revaluation of land and buildings	1,766
1,847	Trust Surplus	2,250
Financial Position as at 30 June 2021
2020		2021
$000’s		$000’s
	The Institute’s Trust Capital is represented by;
9,938	Asset revaluation reserve	11,704
146	Special projects and bequests reserve	130
26,522	Accumulated comprehensive revenue and expenses	27,022
36,606	Total Trust Capital	38,856
	Trust Capital funds the following Net Assets;
6,372	Working capital	4,222
35,234	Fixed assets	39,628
(5,000)	Long term liabilities	(4,994)
36,606	Total Net Assets	38,856
Movement in Equity for the year ended 30 June 2021
2020		2021
$000’s		$000’s
34,759	Opening balance	36,606
-	First year of NZ Rivers Trust brought in	-
1,847	Trust Surplus	484
-	Revaluation of land and buildings	1,766
36,606	Closing Balance	38,856

JOHN PALMER, Chairman.

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

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