✨ Financial Statements
NEW ZEALAND GAZETTE
No. 107
| Notes | 1991 | 1990 | |
|---|---|---|---|
| $ | $ | ||
| Retained funds | ... | 440,069 | |
| Total funds | $10,440,169 | $10,118,184 |
Represented by:
Current assets—
Petty cash ... 57 ... 91
TSB Bank Limited deposit account ... 81,983 ... 73,999
Accrued interest ... 16,333 ... 2,038
Less current liabilities—
Accrued charges ... 8,154 ... 2,944
... 90,169 ... 68,184
Investments—
Shares in TSB Bank Limited ... 2 10,000,000 ... 10,000,000
TSB Bank Limited investment account ... 350,000 ... 50,000
... $10,440,169 ... $10,118,184
For and on behalf of the trustees:
R M. BARCLAY, Chairperson.
Income and Expenditure Account and Retained Funds Statement for the Year Ended 31 March 1991
| Notes | 1991 | 1990 | |
|---|---|---|---|
| $ | $ | ||
| Income— | |||
| Dividend from TSB Bank Limited | 4 | 600,000 | 290,000 |
| Interest received | 45,569 | 13,623 | |
| 645,569 | 303,623 |
Less expenses—
Audit fees ... 1,575 ... 1,436
Solicitors fees ... 297 ... -
Trustees’ honoraria ... 30,744 ... 31,730
Trustees’ expenses ... 3,944 ... 4,937
Secretary/Treasurer fees ... 11,887 ... 8,206
Secretary/Treasurer mileage ... 748 ... 940
Stationery and postage ... 9,367 ... 1,922
Advertising ... 5,908 ... 4,095
Promotional expenses ... 2,322 ... -
Sundry expenses ... 177 ... 228
... 66,969 ... 53,494
Funds available for distribution ... 578,600 ... 250,129
Donations during the year ... 256,615 ... 161,310
Funds retained this year ... 321,985 ... 88,819
Plus retained funds at beginning of year ... 118,084 ... 29,265
... 440,069 ... 118,084
Statement of Cashflows for the Year Ended 31 March 1991
Cashflows from operating activities—
Cash was provided from:
Dividends from TSB Bank ... 600,000
Interest on cheque account ... 9,916
... 609,916
Cash was applied to:
Donations ... 256,615
Payments to suppliers and trustees ... 66,759
... 323,374
Net cashflows from operating companies ... 286,542
Cashflows from investing activities—
Cash was provided from:
Principal from investments ... 100,000
Interest from investments ... 21,358
... 121,358
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VUW Te Waharoa —
NZ Gazette 1991, No 107
NZLII —
NZ Gazette 1991, No 107
✨ LLM interpretation of page content
💰
Balance Sheet of TSB Community Trust
(continued from previous page)
💰 Finance & RevenueBalance Sheet, Financial Position, TSB Community Trust
- R M. Barclay, Chairperson
💰 Income and Expenditure Account and Retained Funds Statement for the Year Ended 31 March 1991
💰 Finance & RevenueIncome, Expenditure, Financial Statement, TSB Community Trust
💰 Statement of Cashflows for the Year Ended 31 March 1991
💰 Finance & RevenueCashflows, Financial Statement, TSB Community Trust