Statement of income and comprehensive income – estates and trusts
For the year ended March 31 (in thousands of dollars)
| Income | 2024 actual | 2023 actual |
|---|---|---|
| Social benefits | 135,264 | 125,370 |
| Pension | 135,843 | 121,891 |
| Other income | 54,202 | 54,631 |
| Total income | 325,309 | 301,892 |
| Expenses | 2024 actual | 2023 actual |
| Accommodation | 170,629 | 157,259 |
| Allowances | 53,283 | 51,028 |
| Fees charged by the Public Guardian and Trustee 9 | 44,678 | 38,508 |
| Real estate | 19,910 | 16,728 |
| Taxes | 22,952 | 17,004 |
| Living expenses | 11,331 | 10,811 |
| Funeral expenses | 6,801 | 6,794 |
| Other expenses | 7,955 | 7,190 |
| Utilities | 6,910 | 6,721 |
| Medical expenses | 9,265 | 7,223 |
| Insurance | 2,841 | 2,773 |
| Total expenses | 356,555 | 322,039 |
| Net investment income | 2024 actual | 2023 actual |
| Interest income from fixed incomes funds | 59,190 | 43,748 |
| Other interest and dividend income 10 | 17,257 | 14,514 |
| Change in fair value on investments at fair value through profit or loss (11) | 36,074 | (693) |
| Total net investment income | 112,521 | 57,569 |
| Change in net assets attributable to beneficiaries before undernoted: | 81,275 | 37,422 |
| Client capital contributions during the year | 676,123 | 764,120 |
| Client capital distributions during the year | (629,735) | (540,883) |
| Funds escheated to the Crown 15 | (26,113) | (7,077) |
| Change in net assets attributable to beneficiaries | 101,550 | 253,582 |
The accompanying notes are an integral part of these financial statements.
Updated: September 26, 2024
Published: September 26, 2024