✨ Trust Financial Statements
20 DECEMBER
NEW ZEALAND GAZETTE
5131
| Year to 31 March 1990 $ | Period to 31 March 1989 $ |
|---|---|
| Trustees fees | 30,062 |
| Total expenditure | 35,404 |
| Net income before grants | 538,654 |
| Less grants | 326,825 |
| National disaster relief fund | 11,475 |
| Excess of income over expenditure for year | 200,354 |
Balance Sheet as at 31 March 1990
| Year to 31 March 1990 $ | Period to 31 March 1989 $ |
|---|---|
| Accumulated funds — | |
| Balance as at 31 March 1989 | — |
| Funds introduced during the year | 21,176,407 |
| Plus excess of income over expenditure | 200,354 |
| Balance as at 31 March 1990 | 21,376,761 |
Represented by:
Current assets—
| Current account: Trust Bank Otago | 12,862 | — |
| Term deposit: Trust Bank Otago | 160,164 | — |
| Call deposit: (national disaster relief fund) | 13,514 | — |
| Interest accrued | 2,781 | — |
Total current assets | 189,321 | — |
Less current liabilities—
| Current account: Trust Bank Otago | 1,412 | 2,945 |
| Sundry creditors | — | 23,000 |
| National grants provision | 11,475 | — |
| Undistributed grant re national relief fund | 2,025 | — |
Total current liabilities | 14,912 | 25,945 |
Working capital | 174,409 | (25,945)|
Investments (note 3)—
| Shares: Trust Bank New Zealand Limited | 21,202,352 | 21,202,352 |
Net assets | 21,376,761 | 21,176,407|
Signed on behalf of the board of trustees:
C. A. MELVILLE, Chairperson.
J. NG, Trustee.
Dated 28 May 1990.
Statement of Cash Flows for the Year Ending 31 March 1990
| Year to 31 March 1990 $ | Period to 31 March 1989 $ |
|---|
Cash flows from operating activities—
Cash was provided from:
| Dividend from Trust Bank New Zealand Limited | 553,500 | — |
| Interest on investments | 15,950 | — |
| Other | 1,813 | — |
| | 571,263 | — |
Cash was disbursed to:
| Suppliers of goods and services | 2,672 | 2,492 |
| Trustees | 54,320 | 553 |
| Grants to the community | 324,800 | — |
Net cash flows from operating activities | 189,471 | (3,045) |
Cash flows from investing activities—
Cash was provided from:
| Sale of shares | — | 5,204,000 |
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VUW Te Waharoa —
NZ Gazette 1990, No 223
NZLII —
NZ Gazette 1990, No 223
✨ LLM interpretation of page content
💰
Trust Bank Otago Community Trust Inc. Annual Report for the Year Ended 31 March 1990
(continued from previous page)
💰 Finance & Revenue28 May 1990
Charitable Trust, Annual Report, Grants, Otago, Community Benefits, Financial Statements, Balance Sheet, Cash Flows
- C. A. Melville, Chairperson
- J. Ng, Trustee