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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✨ LLM interpretation of page content

💰 Balance Sheet of TSB Community Trust (continued from previous page)

💰 Finance & Revenue
Balance 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 & Revenue
Income, Expenditure, Financial Statement, TSB Community Trust

💰 Statement of Cashflows for the Year Ended 31 March 1991

💰 Finance & Revenue
Cashflows, Financial Statement, TSB Community Trust