Whanganui Community Foundation Inc

Consolidated Financial Statements for the year ended 31 March 2005
2005 2004 2005 2004
000s 000s 000s 000s
Our Financial Performance was Our Financial Position is
During the year we received income from the following: We began the year with
Income  from Investments 2297 6291 An opening Capital base of 29990 25055
Donations for specific purposes 7 And added
Rent 24 24 Transfers to  Reserves 897 4935
Other Income 2 And finished with a capital base of 30887 29990
2323 6322
We used this income for :
Administration expenses 243 214 This amount is represented by
Investment management fees 70 61
Donations and Community Support 1113 1112 Fixed Assets 167 169
ING (Fixed interest investments) * 5590 5379
(1426) (1387) State Street Global Assets (International equities)* 25247 24779
Leaving a balance to be added to the capital base 897 4935 Bank and sundry 356 171
31360 30498
less
Special Purpose Funds 154 136
less Current Liabilities
Donations not uplifted 280 351
Accounts payable 39 21
30887 29990
A full set of audited Annual Financial Statements is available from the Executive Director, PO Box 365, Wanganui., or by telephoning (06) 3488300
*ING and State Street Global Assets are well known and internationally respected wholesale Funds Managers.  They manage investments on behalf of the Foundation in accordance with a mandate developed by the Foundation on advice from the Foundation’s Investment Advisor.