✨ Trust Bank Waikato Community Trust Report
NEW ZEALAND GAZETTE
No. 90
Trust Bank Waikato Community Trust
Trustee Banks Restructuring Act 1988
Trust Particulars
The Trust Bank Waikato Community Trust was incorporated as a charitable trust in accordance with the provisions of the Trustee Banks Restructuring Act 1988. The purpose of the community trust is to provide charitable, cultural, philanthropic and recreational benefits to the community.
Trustees
David Joseph Braithwaite, Malcolm MacPherson Brooker, Bertha Carter, Joseph Gilbert Dillon, Martin Owen Gallaginer, Lynne Evelyn Holder, Bruce Leighton Hosking, Monica Marjorie Leggat, Robert Te Kotahi Mahuta, Anthony Trevelyan Rogers.
Bankers
Trust Bank Waikato Ltd.
Solicitors
Tompkins Wake and Co, Hamilton.
Auditors
Deloitte Ross Tohmatsu, Hamilton.
Trustees' Report for the Period Ended 31 March 1991
During the 1991 financial year, the Trust Bank Waikato Community Trust received dividend income of $1,210,924 (1990 $586,300). This was a marked increase over the previous year and has enabled the trust to increase its grant payments for the 1991 year.
Grants for 1991 totalled $577,780 (1990 $380,670). This represents a 50 percent increase over the previous year. These grants were made to 1297 recipients.
A net surplus of $704,903 (1990 $218,764) was transferred to trust funds. This has allowed the trustees the opportunity to diversify their assets by increasing its term deposit holdings by $673,040.
The trust remains in a sound position to continue to provide charitable, cultural, philanthropic and recreational benefits within its area of operation.
Income and Expenditure Account for the Period Ended 31 March 1991
| 1991 $ | 1990 $ | |
|---|---|---|
| Income | ||
| Dividends received | 1,210,924 | 586,300 |
| Interest earned | 99,006 | 33,268 |
| Total income | 1,309,930 | 619,568 |
| Less expenditure | ||
| Trustees' fees | 21,497 | 15,990 |
| Travelling expenses | 3,168 | 2,084 |
| Publication expenses | 1,908 | 1,243 |
| Professional fees | ... | ... |
| Other expenses | 674 | 817 |
| Total expenditure | 27,247 | 20,134 |
| Net income before grants | 1,282,683 | 599,434 |
| Less grants | 577,780 | 380,670 |
| Net surplus transferred to the trust funds | 704,903 | 218,764 |
(The notes to the financial statement 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 start of year | 21,295,668 | 21,076,904 | |
| Net income for year | 704,903 | 218,764 | |
| 22,000,571 | 21,295,668 |
Represented by:
Current assets | | | |
| Trust Bank Waikato current account | | 25,137 | 4,631 |
| National Disaster Relief Fund | | 14,090 | 12,155 |
| Sundry debtors and accruals | | 3,952 | 9,042 |
| Total current assets | | 43,179 | 25,828 |
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VUW Te Waharoa —
NZ Gazette 1991, No 90
NZLII —
NZ Gazette 1991, No 90
✨ LLM interpretation of page content
💰 Trust Bank Waikato Community Trust Particulars and Report
💰 Finance & RevenueCharitable trust, Trustees, Financial report, Grants, Income and expenditure, Balance sheet
10 names identified
- David Joseph Braithwaite, Trustee
- Malcolm MacPherson Brooker, Trustee
- Bertha Carter, Trustee
- Joseph Gilbert Dillon, Trustee
- Martin Owen Gallaginer, Trustee
- Lynne Evelyn Holder, Trustee
- Bruce Leighton Hosking, Trustee
- Monica Marjorie Leggat, Trustee
- Robert Te Kotahi Mahuta, Trustee
- Anthony Trevelyan Rogers, Trustee