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 2016

2015

$000s

Per Audited Accounts

 

2016

$000s

Per Audited Accounts

24,507

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

24,957

23,889

Expenses including depreciation

24,161

618

Net operating surplus

796

51

Enterprising Partnership Fund income

56

-

Divestment

-

669

Net surplus

852

(138)

Community initiatives

(157)

(8)

Bequests movement

(12)

523

Trust Surplus

683

Financial Position
as at 30 June 2016

2015

$000s

Per Audited Accounts

 

2016

$000s

Per Audited Accounts

 

The Institute’s Trust Capital is represented by:

 

1,756

Trust capital

1,756

151

Special bequests

192

440

Trust investment funds

440

5,315

Reserves and provisions

5,315

13,618

Accumulated funds

14,119

21,280

Total Trust Capital

21,822

 

Trust Capital funds the following Net Assets:

 

(311)

Working capital

(525)

22,718

Fixed assets and long term assets

22,536

(1,567)

Long term liabilities

(629)

440

Trust investments

440

21,280

Total Net Assets

21,822

Movement in Equity
for the year ended 30 June 2016

2015

$000s

Per Audited Accounts

 

2016

$000s

Per Audited Accounts

20,855

Opening balance

21,280

523

Trust Surplus

683

(123)

Trust Board Distribution

(153)

 

Revaluation of assets

 

25

Bequests movement

12

21,280

Closing Balance

21,822

 

R. DICKINSON, Chairman.

Audited by Crowe Horwath New Zealand Audit Partnership.