✨ Financial Statements and Grants
2308 NEW ZEALAND GAZETTE No. 104
Particular Accounting Polices
The following are the particular accounting policies which have a material effect on the measurement of results and financial position:
(a) Dividend Income: Dividend income from Trust Bank New Zealand Ltd. is included in the income and expenditure account when it is received.
(b) Grants: Grants made are included in the income and expenditure account when paid.
(c) Investments: Shares held in Trust Bank New Zealand Ltd. are stated at cost.
Government stocks are stated at cost less discounts or premiums amortised over the term of the investment on a straight-line basis.
Changes in Accounting Policies
There have been no changes in accounting policies. All policies have been applied on bases consistent with those used in the previous year.
| 1991 $ | 1990 $ | |
|---|---|---|
| 2. Dividends | ||
| Dividends received from Trust Bank New Zealand Ltd. | ||
| Interim dividend (declared in respect of the financial year ended 31 March 1991 and received 14 December 1990) | 498,750 | 247,500 |
| 136,350 | 60,000 |
3. Investments
Shares in Trust Bank New Zealand Ltd: 7,500,000 ordinary shares of $1 each, fully paid, and purchased at a premium ... 9,026,000 | 9,026,000 |
Government stocks are shown at cost price adjusted by amortised discount/premium to date ... 50,797 | 51,414 |
4. Taxation
For taxation purposes the trust is a charitable organisation. Its income is not subject to taxation.
5. Goods and Services Tax
The trust is not registered for goods and services tax purposes. Accordingly these financial statements are stated on a G.S.T. inclusive basis.
Auditors' Report to the Trustees of the Trust Bank Bay of Plenty Community Trust Inc.
We have obtained all the information and explanations that we have required. In our opinion proper accounting records have been kept by the trust so far as appears from our examination of those records.
In our opinion, according to the best of our information and the explanations given to us and as shown by the said records, the financial statements are properly drawn up so as to give, under the historical cost convention, a true and fair view of the state of the trust's affairs as at 31 March 1991 and the results of its business and the cash flows for the year ended on that date.
In all other respects, according to the information and explanations given to us, the financial statements are presented in accordance with the requirements of the trust deed dated 30 May 1988.
INGHAM MORA MALCOLM & RASSELL, Chartered Accountants.
Tauranga.
Dated this 30th day of May 1991.
Schedule of Distributions of Income by Way of Grants for the Period Ended 31 March 1991
| Name of Organisation or Person | Amount Distributed $ |
|---|---|
| Life Education Foundation | 5,000.00 |
| Rotorua District Army Cadet Unit | 500.00 |
| Karldon House Trust | 1,000.00 |
| Rotorua Film Society | 200.00 |
| Rotorua Lakes Volunteer Coastguard Inc | 750.00 |
| Bay Area Aids Support Service | 500.00 |
| Bainbridge Access Scheme | 500.00 |
| Malfroy Road Care and Craft Centre (Inc) | 1,000.00 |
| Parkinson Disease Support Group Bay of Plenty—Rotorua Region | 500.00 |
| Age Concern Rotorua (Council for the Elderly) | 900.00 |
| Kaumatua Whanau Ropu | 500.00 |
| Waikite Valley Playcentre | 500.00 |
| John Paul College | 1,000.00 |
| Rotorua Chess Club Inc | 200.00 |
| Ngongotaha Sports Association | 500.00 |
| Bay of Plenty Rugby League Schoolboys Board | 500.00 |
| Bay of Plenty Women’s Football Association | 200.00 |
| Rotorua Civic Arts Trust | 300.00 |
| Rotorua Medical Education and Research Foundation | 1,000.00 |
| Rotorua Yacht Club Inc | 500.00 |
| Young Mariners of New Zealand—Rotorua Unit | 500.00 |
| Rotorua Lakes High School—Cultural Exchange to Japan | 500.00 |
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VUW Te Waharoa —
NZ Gazette 1991, No 104
NZLII —
NZ Gazette 1991, No 104
✨ LLM interpretation of page content
🏢
Notes to the Financial Statements for the Period Ended 31 March 1991
(continued from previous page)
🏢 State Enterprises & InsuranceFinancial Statements, Accounting Policies, Historical Cost Basis, Accrual Accounting
🏢 Auditors' Report to the Trustees of the Trust Bank Bay of Plenty Community Trust Inc.
🏢 State Enterprises & Insurance30 May 1991
Auditors' Report, Financial Statements, Trust, Bay of Plenty
- INGHAM MORA MALCOLM & RASSELL, Chartered Accountants
🏢 Schedule of Distributions of Income by Way of Grants for the Period Ended 31 March 1991
🏢 State Enterprises & InsuranceGrants, Income Distribution, Bay of Plenty, Community Trust
22 names identified
- Life Education Foundation, Grant recipient
- Rotorua District Army Cadet Unit, Grant recipient
- Karldon House Trust, Grant recipient
- Rotorua Film Society, Grant recipient
- Rotorua Lakes Volunteer Coastguard Inc, Grant recipient
- Bay Area Aids Support Service, Grant recipient
- Bainbridge Access Scheme, Grant recipient
- Malfroy Road Care and Craft Centre, Grant recipient
- Parkinson Disease Support Bay of Plenty—Rotorua Region Group, Grant recipient
- Age Rotorua (Council for the Elderly) Concern, Grant recipient
- Kaumatua Whanau Ropu, Grant recipient
- Waikite Valley Playcentre, Grant recipient
- John Paul College, Grant recipient
- Rotorua Chess Club, Grant recipient
- Ngongotaha Sports Association, Grant recipient
- Bay of Plenty Rugby League Schoolboys Board, Grant recipient
- Bay of Plenty Women’s Football Association, Grant recipient
- Rotorua Civic Arts Trust, Grant recipient
- Rotorua Medical Education and Research Foundation, Grant recipient
- Rotorua Yacht Club, Grant recipient
- Young Mariners of New Zealand—Rotorua Unit, Grant recipient
- Rotorua Lakes High School, Grant recipient