Networks & Entities

PAMT Financial Data

Investigation document: PAMT Financial Data

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PRINCESS ALEXANDRA MEDICAL TRUST - FINANCIAL DATA

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Date: 29 December 2025

Source: https://register.charities.govt.nz/Charity/CC24243

ANNUAL RETURNS SUMMARY (2015-2024):

| Year Ended | Total Income | Total Expenditure | Notes |

|-------------|--------------|-------------------|--------------------------|

| 31/12/2024 | $423,518 | $76,586 | Latest return |

| 31/12/2023 | $511,612 | $54,130 | |

| 31/12/2022 | $30,909 | $851,415 | HIGH EXPENDITURE YEAR |

| 31/12/2021 | $361,787 | $159,899 | |

| 31/12/2020 | $404,174 | $91,348 | |

| 31/12/2019 | $656,039 | $139,743 | |

| 31/12/2018 | $58,628 | $234,132 | |

| 31/12/2017 | $437,164 | $120,738 | |

| 31/12/2016 | $204,635 | $190,333 | |

| 31/12/2015 | $143,005 | $198,893 | |

FINANCIAL ANALYSIS:

  • TOTAL INCOME OVER 10 YEARS: Approximately $3.2 million
  • TOTAL EXPENDITURE OVER 10 YEARS: Approximately $2.1 million
  • NET SURPLUS: Approximately $1.1 million retained

NOTABLE OBSERVATIONS:

  • 2022 ANOMALY - Very high expenditure ($851,415) vs low income ($30,909)
- This suggests a major grant payout or capital expenditure

- Need to review financial statements for details

  • INCOME FLUCTUATIONS:
- Income varies significantly year to year

- Suggests investment returns rather than donations

- 2019 was highest income year ($656,039)

- 2022 was lowest income year ($30,909)

  • EXPENDITURE PATTERNS:
- Generally $100-200K per year in grants/operations

- 2022 spike suggests one-off major expenditure

  • TRUST ASSETS:
- Based on income patterns, trust likely holds $3-5 million in investments

- Original $2.2 million from hospital sale (1988) would have grown significantly

QUESTIONS FOR INVESTIGATION:

  • What was the $851,415 expenditure in 2022?
  • What investments does the trust hold?
  • Who receives grants from the trust?
  • What is the total asset base?

CONNECTION TO EVELYN EVANS INVESTIGATION:

The user mentioned "emergency medical payments" through Evelyn Evans

to the Princess Alexandra Nursing Home. This would have occurred during

the 1970s-1980s when the hospital was operational.

The current trust (formed 1998, registered 2008) is the successor entity.

Historical records from 1970-1988 would be needed to trace any payments

made during the hospital's operational period.

OLDERSHAW & CO CONNECTION:

The trust is administered by Oldershaw & Co (36 Bridge Street, Ahuriri)

Contact: [email protected]

This is the same accounting firm that appears throughout the broader

Hawke's Bay network investigation, administering multiple entities.