THANKS! - Ronald McDonald House Wellington

ANNUAL REPORT 2012
Ronald McDonald House
Wellington Trust
Notes to the Summary of Financial Statements
For the year ended 31 December 2012
1. Ronald McDonald House Wellington Trust is a charitable trust registered under the Charities Act 2005. The financial
statements of the Trust are General Purpose financial reports which have been prepared in accordance with generally
accepted accounting practice (NZ GAAP)
2. Ronald McDonald House Wellington Trust qualifies for differential reporting because it is defined as not large. All differential
reporting exemptions have been applied.
3. All costs directly attributable to the building of the new house have been capitalised. While under construction the building
was not depreciated.
4. The summary financial statements have been extracted from the full financial statements. The financial statements of
Ronald McDonald House Wellington Trust including Statement of Financial Performance, Statement of Financial Position and
Statement of Movements in Equity cannot provide a full understanding due to their summary nature. This understanding can
be obtained only in reference to the annual financial statements of the Trust.
5. A copy of the financial statements may be obtained on request from the Trust’s office Telephone (04) 389-5055,
P O Box 7055, Wellington 6242.
6. The full annual financial statements of Ronald McDonald House Wellington Trust have been audited by BDO Wellington who
have issued a qualified audit opinion in respect to the financial statements on 2 April 2013. BDO Wellington have audited
these summary financial statements and found them to be consistent with the Annual Financial Statements.
7. The Trustees authorised the publication of these summary financial statements on 2 April 2013.
8. These summary financial statements are in compliance with FRS-39.
Approved on behalf of the Board:
Robert Cross
Chairman
Denis Wood
Trustee
Report of the Independent Auditor on
the Summary Financial Statements
To the Board of Ronald McDonald House Wellington Trust
The accompanying summary financial statements, which
comprise the summary statement of financial position as
at 31 December 2012, the summary income statement and
summary statement of changes in equity for the year then
ended, and related notes, are derived from the audited
financial statements of Ronald McDonald House Wellington
Trust (‘Ronald McDonald House’) for the year ended 31
December 2012. We expressed a qualified audit opinion on
those financial statements in our report dated 2 April 2012
(see below). Those financial statements, and the summary
financial statements, do not reflect the effects of events
that occurred subsequent to the date of our report on those
financial statements.
The summary financial statements do not contain all the
disclosures required for full financial statements under
generally accepted accounting practice in New Zealand.
Reading the summary financial statements, therefore, is not
a substitute for reading the audited financial statements of
Ronald McDonald House.
Boards’ Responsibility for the Summary Financial
Statements
The Board are responsible for the preparation of a summary of
the audited financial statements in accordance with FRS-39:
Summary Financial Reports.
Auditor’s Responsibility
Our responsibility is to express an opinion on the summary
financial statements based on our procedures, which were
conducted in accordance with International Standard on
Auditing (New Zealand) (ISA (NZ)) 810 Engagements to Report
on Summary Financial Statements.
Other than in our capacity as auditor we have no relationship
with, or interests in, Ronald McDonald House.
Opinion
In our opinion, the summary financial statements derived
from the audited financial statements of Ronald McDonald
House Wellington Trust for the year ended 31 December
2012 are consistent, in all material respects, with those
financial statements, in accordance with FRS-39. However, the
summary financial statements are qualified to the equivalent
extent as the audited financial statements of Ronald
McDonald House for the year ended 31 December 2012.
Controls over revenue from Street Appeal income recorded
at $70,881 within the classification of Capital Campaign
income in the Statement of Financial Performance, prior to
being recorded are limited, and there are no practical audit
procedures to determine the effect of these limited controls.
Accordingly, the completeness of Street Appeal income
and Accumulated Funds is unable to be determined. Our
qualified audit opinion states that, except for the effects of
the described matter, those financial statements comply with
generally accepted accounting practice in New Zealand and
give a true and fair view of the financial position of Ronald
McDonald House at 31 December 2012, and its financial
performance for the year then ended.
BDO Wellington
Wellington
OUR YEAR OF THANKS
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