New Zealand Gazette – 1990 – No. 137

Page 2848

✨ Trust Fund Financial Report

NEW ZEALAND GAZETTE

No. 137

General

Trust Bank Southland Community Trust Inc.

Trustees’ Report for the Period Ended 31 March 1990

A total of $344,380.00 has been distributed during 1989 to the Southland community for charitable and recreational activities.

Below is a summary of our financial position as at 31 March 1990. Copies of the financial statements giving all details, including a list of donations are available at any branch of Trust Bank Southland Limited, or by writing direct to the secretary.

Revenue Statement for the Year Ended 31 March 1990

	1990	1989
	$	$
Revenue—
Dividend received	569,900	—
Other	53,130	58,062
Total income	623,030	58,062
Less expenditure—
Administration	35,849	26,976
Net income before grants	587,181	31,086
Less grants	344,380	55,400
Surplus transferred to trust funds	242,801	(24,314)

Balance Sheet as at 31 March 1990

	1990	1989
	$	$
Trust funds—
Funds introduced	...	21,281,000
Undistributed profits	...	218,487
	21,499,487	21,256,686

| Represented by— | | |
| Current assets— | | |
| Bank | ... | 152,650 | — |
| Other | ... | 1,482 | — |
| Total current assets| ... | 154,132 | — |
| Less current liabilities | ... | 500 | 24,314 |
| Net current assets | ... | 153,632 | (24,314) |
| Investments | ... | 64,855 | — |
| Shares in Trust Bank New Zealand | ... | 21,281,000 | 21,281,000 |
| Net assets | ... | 21,499,487| 21,256,686|

Published by authority of Department of Internal Affairs.
V. R. Ward, Government Printer, Wellington, New Zealand—1990

ISSN 0111-5650
Price $3.00 (inc. G.S.T.)

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VUW Te Waharoa — NZ Gazette 1990, No 137

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✨ LLM interpretation of page content

💰 Trust Bank Southland Community Trust Financial Report

Domain💰 Finance & Revenue
KeywordsTrust, Financial Report, Donations, Southland, Charity
👩‍💼 Officials

V. R. Ward, Government Printer

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