New Zealand Gazette – 1991 – No. 101

Page 2250

✨ Financial Statements



NEW ZEALAND GAZETTE

No. 101

1991 $ 1990 $
Note
Audit 931 630
Consultancy 2,018 1,703
Other expenses 916 53
Secretarial costs ... 360
Travelling 5,417 1,461
Trustees’ fees 19,259 17,010
Total expenditure 37,600 26,756
Net income before community payments 743,643 341,316

Less—
Donations—

General 304,400 162,100
Special 30,000 27,850
National 870 1,305
Bursaries 26,500 22,000
Total donations 361,770 213,255
Net profit transferred to the trust fund $381,873 $128,061

(The notes to the financial statements form part of and are to be read in conjunction with the above account.)

Balance Sheet as at 31 March 1991

Note 1991 $ 1990 $

Trust funds—

Balance as at 1 April 1990 11,918,913 11,790,852
Net income for year 381,873 128,061
Balance, 31 March 1991 $12,300,786 $11,918,913

Represented by:
Current assets—
Trust Bank Central Ltd.—

Current account 42,802 1,003
On call 0 2,633
Fixed term 288,294 100,000
Accrued interest 8,291 974
Total current assets 339,387 104,610

Less current liabilities—

Sundry creditors 9,209 3,406
Bursaries 0 1,000
Total current liabilities 9,209 4,406
Working capital 330,178 100,204

Add long-term assets—
Investments—

Government stock 102,030 —
Local authority stock 50,000 —
National Disaster Relief Fund 8,578 8,709
Shares in Trust Bank New Zealand Ltd. 3 11,810,000
Total investments 11,970,608 11,818,709
Net assets $12,300,786 $11,918,913

Signed on behalf of the board of trustees:

T. K. STEWART, Chairperson
N. J. TOOMEY, Trustee.

Dated this 28th day of May 1991.

(The notes to the financial statements form part of and are to be read in conjunction with this balance sheet.)

Statement of Cash Flows for the Period Ended 31 March 1991

1991 $ 1990 $

Cash flows from operating activities—
Cash was provided from:

Dividend from Trust Bank New Zealand Ltd. 736,716 356,700
Interest on investments 36,249 10,531
Other ... 100


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✨ LLM interpretation of page content

💰 Income and Expenditure Account for Trust Bank Eastern and Central Community Trust Inc. (continued from previous page)

💰 Finance & Revenue
28 May 1991
Financial Report, Dividends, Interest, Expenditure, Trust Fund
  • T. K. Stewart, Chairperson
  • N. J. Toomey, Trustee

💰 Balance Sheet as at 31 March 1991 for Trust Bank Eastern and Central Community Trust Inc.

💰 Finance & Revenue
28 May 1991
Balance Sheet, Trust Fund, Investments, Assets, Liabilities
  • T. K. Stewart, Chairperson
  • N. J. Toomey, Trustee

💰 Statement of Cash Flows for the Period Ended 31 March 1991 for Trust Bank Eastern and Central Community Trust Inc.

💰 Finance & Revenue
28 May 1991
Cash Flows, Dividends, Interest, Operating Activities
  • T. K. Stewart, Chairperson
  • N. J. Toomey, Trustee