PiNZ Financial Reports ending 31 March 2020

Kia ora PiNZ Members,

First I would like to thank you all for your patience and understanding as the council works through these difficult times to manage some significant system overhauls and financial impacts that recent events have had on our volunteer-run charitable organisation. As you can see from the P&L and Balance Sheet PiNZ is running at a loss for the financial year ending 31 March 2020. Thank you all for your membership and donations, which are helping to keep things afloat.

The financial reports are below. There is a need to provide better formatting for web display and clean up some aspects of the data, which is a carryover using excel to a software-based system. There is also a need to get online payment functions to grab important transaction information and send it to the bank for ease in reconciliation, loads of hula hoops to jump through to make this happen, a focus for this year.

As with previous years' financial reporting, there is a combination of income and expenses from Hui spanning two years as some Hui fall on the cusp of the ending fiscal year. One update going forward is to bring in separate income codes for even and odd year Hui to assist in the financial overview. 

If you have any specific questions, please feel free to email me at pinztreasurer@gmail.com and I will do my best to clarify.

Clare Wimmer
Treasurer, PiNZ

 

PiNZ
Cashflow for period Apr:2019/20 to Mar:2019/20
All Banks

 
Opening Balance as at 1/04/2019 (All Banks)
 
 
35,038.43
 
CASH IN
1010 Donation (Tithe)
 
161.00
1033 Hui Registration Odd Year
 
4,446.50
1035 Hui Tour
 
402.80
1036 Hui Registration Even Year
 
19,555.00
1040 Interest
 
60.09
1050 Membership
 
6,215.00
 
  Total Cash In
 
30,840.39
 
CASH OUT
3000 Accommodation/Travel F2F Exp
 
7,157.21
3020 Bank Fees
 
395.66
3030 EFTPOS Transaction Fee
 
465.09
3040 General Expenses
 
855.10
3050 Hui Accommodation/Venue Exp
 
4,446.76
3051 Hui Food Expense
 
10,800.00
3053 Hui Koha Exp
 
440.00
3055 Hui Refund
 
21,709.20
3057 Hui Tour Expense
 
2,207.64
3058 Hui Seed
 
191.30
3060 Marketing
 
1,141.42
3070 Merchant Credit Card Fee
 
706.23
4000 Website/Social Media
 
2,109.82
 
  Total Cash Out
 
52,625.43
 
  Net Cash Flow (All Banks)
 
(21,785.04)
 
 
  Calculated Closing Balance as at 31/03/2020
 
13,253.39
 
 
  Ledger Closing Balance (All Banks)
 
13,253.39

 

PiNZ
   
 
 
 
Balance Sheet
   
 
 
 
As at 31 March 2020
   
 
 
 
 

CAPITAL  
This Year
 
Last Year End

 
 
 
 
 
   
 
 
 
8888 TRANSFER between ACCOUNTS
1,000.00
 
1,000.00
PL Profit and Loss
15,732.42
 
(14,927.71)
   
16,732.42
 
(13,927.71)
 
  Plus Current Year Operating Surplus/(Deficit)
(21,785.04)
 
30,660.13
 
  TOTAL CAPITAL FUNDS
(5,052.62)
 
16,732.42
   
 
 
 

REPRESENTED BY

   
 
 
 
CURRENT ASSETS
00_BANK 00 Current Account
163.59
 
1,097.56
01_SAVE 01 Savings Account
2,832.40
 
6,201.66
02_EFTP 02 EFTPOS Account
10,257.40
 
27,739.21
   
13,253.39
 
35,038.43
   
 
 
 
LESS CURRENT LIABILITIES
SETUP Setup
18,306.01
 
18,306.01
   
18,306.01
 
18,306.01
   
 
 
 
  NET WORKING CAPITAL
(5,052.62)
 
16,732.42
   
 
 
 
   
 
 
 
FIXED ASSETS
   
0.00
 
0.00
   
 
 
 
   
 
 
 
  NET ASSETS
(5,052.62)
 
16,732.42

 

PiNZ
Profit & Loss Report for Year to Mar:2019/20
 
 
   
Actual
% Sales
Sales
 
  Total Sales
0.00
-
 
Less: Cost of Sales
 
  Total Cost of Sales
0.00
-
 
Gross Margin  
0.00
-
 
Other Income
 
1010 Donation (Tithe)
161.00
-
1033 Hui Registration Odd Year
4,446.50
-
1035 Hui Tour
402.80
-
1036 Hui Registration Even Year
19,555.00
-
1040 Interest
60.09
-
1050 Membership
6,215.00
-
  Total Other Income
30,840.39
-
 
Net Income  
30,840.39
-
 
Less: Other Expenses
 
3000 Accommodation/Travel F2F Exp
7,157.21
-
3020 Bank Fees
395.66
-
3030 EFTPOS Transaction Fee
465.09
-
3040 General Expenses
855.10
-
3050 Hui Accommodation/Venue Exp
4,446.76
-
3051 Hui Food Expense
10,800.00
-
3053 Hui Koha Exp
440.00
-
3055 Hui Refund
21,709.20
-
3057 Hui Tour Expense
2,207.64
-
3058 Hui Seed
191.30
-
3060 Marketing
1,141.42
-
3070 Merchant Credit Card Fee
706.23
-
4000 Website/Social Media
2,109.82
-
  Total Expenses
52,625.43
-
 
Profit (Loss)  
(21,785.04)
-