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Annual Return Summary 8 November 2017

Registration Number: CC21466

Charity Name: Presbyterian Support Southland Retirement Villages Limited

Annual Return Reference: AR009

For Year Ending: 30 June 2016

Charity Details
Legal Name: Presbyterian Support Southland Retirement Villages Limited
Trading Name:
Charity's Postal Address: PO Box 314

Invercargill 9840

Charity's Street Address: 181

183 Spey Street

Invercargill 9810

Phone: (03) 211 8200

Fax: (03) 218 6110
Email: enquiry@pss.org.nz
Website: http://www.ps.org.nz
Facebook:
Twitter:
Social Network Name:

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Officer Details
Current Officers
Name Officer Type Position Position Appointment Date
Anthony Noel Dawson Individual Trustee 02/12/2015
Stan Tiatia Individual Trustee 17/09/2014
Nyalle Paris Individual Trustee 28/05/2014
Kirsty Robertson Individual Trustee 27/07/2011
Graeme William Gardyne Individual Trustee 14/10/2009
Elizabeth Helen Roy Individual Trustee 15/10/2008
Timothy David Raymond Loan Individual Trustee 15/10/2008
Warwick Alexander Cambridge Individual Trustee 15/10/2008
Malcolm Bruce McKerchar Individual Trustee 12/05/2008

Past Officers
Name Officer Type Position Last Date as an Officer
Muriel Dawn O'Donnell Individual Trustee 23/09/2015
Robert James William Individual Trustee 22/10/2014
Campbell
Lindsay Alexander McIntyre Individual Trustee 15/10/2008

Purpose & Structure

Purpose
Charitable Purpose:
Operate a retirement village for the elderly in the community, 100% shareholder is Presbyterian Support Southland
which also operates a Family Works service

Structure:
Entity Structure:
Limited Liablility company with 4 Directors, comprising 2 trustees from shareholder Trust, the CEO and an independent.

Activity, Sector and Beneficiary

Main Activity: Provides building / facilities / open space
Main Sector: Accommodation / housing
Main Beneficiary: Older people

Controlling Charity:
For financial reporting purposes, your charity is controlled by: Presbyterian Support Southland

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People
Paid work (average week)
People employed full time: 0
People employed part time: 0
Average paid hours per week: 0

Volunteer work (average year)

Total volunteers: 10
Volunteer hours: 50

Your Organisation
Reporting Tier
Tier 2 (Can be used if annual expenses are under $30 million and charity
has no Public Accountability.)

Provision of financial services

Does your charity, in its ordinary course of business, lend money (to or on
behalf of others), or manage money or funds on behalf of others? No

Income Spent on charitable purposes overseas

Over the last financial year, did your charity provide any goods or
services overseas? No
Over the last financial year did your Charity use any business income
(e.g. sale of goods or services) for Charitable purpose overseas? No
Over the last financial year, did your charity receive donations and use
any of its funds for charitable purposes overseas? No

Audit & Review

Is it a requirement of your charity's rules to have your financial statements
reviewed or audited? Yes
What was your total operating expenditure for your current financial year? Between $500,000 and $1
million
Please confirm that the financial statements that you are submitting have
been reviewed or audited: Yes
Did your charity receive a modified audit opinion for any reason other
than because the charity received cash donations? No

Related party transactions

Does your charity's financial statements disclose any related party
transactions? Yes

* Audit conducted by
Name Jason Hamburger/Peter
Taylor
Occupation Auditors
Organisation KPMG Christchurch

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Statement of comprehensive revenue and expense
Revenue from exchange transactions
Fees, subscriptions (including donations) from members:* 0
Revenue from providing goods and services:* 792,130
Interest, dividends and other investment revenue:* 220
Other revenue from exchange transactions:* 0

Revenue from non exchange transactions

Donations/Koha, grants, fundraising and other similar revenue:* 0
Other revenue from non-exchange transactions:* 189,516
Total revenue: 981,866

Expenses
Community Support Services 213,836
Property depreciation 323,199
Repairs & Maintenance 187,537
Other expenses:* 72,696
Energy & Property expenses 180,996
Total expenses: 978,264

Surplus/deficit
Surplus/deficit: 3,602

Other Comprehensive revenue and expense

Gain on property revaluation:* 1,246,547
Other comprehensive revenue and expense:* 0
Total comprehensive revenue and expense for the period: 1,246,547

Comprehensive revenue and expense for the period

Comprehensive revenue and expense for the period:* 1,250,149

Statement of Financial Position

Current Assets
Cash and cash equivalents:* 41,721
Receivables (from exchange transactions) and recoverables (from non- 84,636
exchange transactions):*
Inventory/inventories:* 0
Other current assets:* 0
Total current assets: 126,357

Non Current Assets

Property, plant and equipmment:* 4,651
Intangible assets:* 0

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Investments:* 0
Investment property:* 12,892,150
Other non-current assets:* 3,107,850
Total non-current assets: 16,004,651
Total assets: 16,131,008

Liabilities
Total current liabilities:* 481,922
Total non-current liabilities:* 14,248,101
Total liabilities: 14,730,023

Assets less liabilities

Total assets less total liabilities: 1,400,985

Net assets/equity
Capital contributed by owners:* 300,000
Accumulated comprehensive revenue and expense:* -1,841,021
Reserves:* 2,942,006
Minority interest:* 0
Total equity: 1,400,985

Supporting Information
Certification
Certifying Officer: Bev Chesney

Withhold Annual Return

Withhold annual return: No

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