New Zealand Gazette – 1991 – No. 116

Page 2535

✨ Community Trust Financial Reports

1 AUGUST

NEW ZEALAND GAZETTE

2535

5. Grants

The names of persons and organisations to whom distributions of income have been made by the community trust under section 21 of the Trustee Banks Restructuring Act 1988 during the financial year and the amounts distributed are shown in the appendix to the financial statements. A full list is available on application to the secretary of the community trust.

Total grants approved in the year ended 31 March 1991 $2,430,851.41.
Future grants commitments as at 31 March 1991 $988,666.00.

Auditors’ Report to the Members of the Trust Bank Canterbury Community Trust

We have audited the financial statements in accordance with accepted auditing standards, and have carried out such procedures as we considered necessary.

In our opinion the financial statements give, using the historical cost method, a true and fair view of the financial position of the trust as at 31 March 1991 and the results of its activities and cash flows for the year ended on that date.

DELOITTE ROSS TOHMATSU, Chartered Accountants.
Christchurch, New Zealand.
Dated this 29th day of May 1991.

Summary of 1990 Grants Allocation

Region	$
Canterbury region ...	1,165,515
Marlborough region ...	99,970
Nelson region ...	176,700

Future commitments (approved during this financial year) ...	1,442,185
...	988,666
Total	$2,430,851

gn7640

Trust Bank Southland Community Trust Inc.

Income and Expenditure Account for the Year Ended 31 March 1991

	Note	1991 $	1990 $
Income—
Dividends ...		1,177,052	569,900
Interest ...		96,340	30,030
Other income ...		23,000	23,100
Total income		1,296,392	623,030
Less expenditure—
Advertising ...		118	520
Auditor’s fees ...		562	500
Legal expenses ...		–	816
Other expenses ...	6	8	–
Administration fees ..		10,000	10,000
Trustees’ remuneration		18,355	21,412
Travelling expenses ..		1,782	2,593
Total expenditure		30,823	35,849
Net income before grants		1,265,569	587,181
Less grants ...		890,050	344,380
Net surplus transferred to the trust fund		$375,519	$242,801

Balance Sheet as at 31 March 1991

	Note	1991 $	1990 $
Trust funds—
Funds introduced ...		21,281,000	21,281,000
Investment reserve ...	6	337,739	53,025
Undistributed surplus	7	256,267	165,462
Balance 31 March 1991		$21,875,006	$21,499,487
Represented by—
Current assets—
Trust Bank Southland Limited—
Current account ...		230	590
Prime rate call account		741,707	152,060

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VUW Te Waharoa — NZ Gazette 1991, No 116

NZLII — NZ Gazette 1991, No 116

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✨ LLM interpretation of page content

💰 Trust Bank Canterbury Community Trust Financial Statements and Grants

Domain💰 Finance & Revenue
Dated29 May 1991
KeywordsFinancial Statements, Grants, Community Trust, Canterbury, Marlborough, Nelson
👩‍💼 Officials

DELOITTE ROSS TOHMATSU, Chartered Accountants

💰 Trust Bank Southland Community Trust Income and Expenditure Account

Domain💰 Finance & Revenue
KeywordsIncome, Expenditure, Dividends, Interest, Trust Fund

💰 Trust Bank Southland Community Trust Balance Sheet

Domain💰 Finance & Revenue
KeywordsBalance Sheet, Trust Funds, Current Assets, Investment Reserve

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