Financials

Summary of
Financial Statements

FOR THE YEAR ENDED
30 JUNE 2022

BASIS OF PRESENTATION

The Summary Financial Statements presented are those of Visionwest Community Trust, a public benefit entity. These financial statements have been prepared in accordance with Public Benefit Entity Financial Reporting Standard 43, Summary Financial Statements.

The financial statements have been extracted from the full financial statements that comply with Generally Accepted Accounting Practices in New Zealand (NZ GAAP). They comply with Public Benefit Entity International Public Sector Accounting Standards and other applicable Financial Reporting Standards (collectively “PBE Standards’”), as appropriate for Tier 1 not for profit public benefit entities.

The full financial statements signed on 1st November 2022 have been audited by Grant Thornton and given an unmodified opinion. The full Financial Statements for the year ended 30 June 2022 were authorised for issue in accordance with a resolution of the Trustees on the 1st November 2022.

The Summary Financial Statements do not include all the disclosures provided in the full Financial Statements and cannot be expected to provide as complete an understanding of the financial affairs of Visionwest Community Trust as the full financial statements.

The presentation currency is New Zealand dollars. All amounts are stated in nearest dollars, unless otherwise stated.