New Zealand Gazette – 1993 – No. 114

Page 2216

✨ Community Trust Financial Statements



2216

NEW ZEALAND GAZETTE

No. 114

20 percent of 1992–93 interim dividend ... $112,840 $88,070
Interest ... 61,335 42,480
Balance, 31 March 1993 ... $973,562 $651,769

The trust has resolved that 20 percent of dividends is retained by the trust for future investments together with interest.

  1. Undistributed Surplus

Balance, 1 April 1992 ... $208,726 $256,267
Net surplus for the year ... 261,603 (47,541)
Balance, 31 March 1993 ... $470,329 $208,726

  1. Grants Not Paid
    Committed grants not yet disbursed:
    Wakatipu Environmental Society ... 1,000
    Southland Polytechnic Bursaries ... 2,500
    ICC—swimming pool ... 666,000
    ... $669,500

  2. Commitments
    The trust has agreed to grant a further $334,000 over the next year towards a swimming pool in Invercargill. This brings the total committed to $1 million. This commitment is made subject to availability of funds.

Auditors’ Report to the Members of Trust Bank Southland Community Trust Incorporated
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 Bank Southland Community Trust Incorporated as at 31 March 1993 and the results of its activities and cash flows for the year ended on that date.

DELOITTE TOUCHE TOHMATSU, Chartered Accountants.
Invercargill, New Zealand.
Dated this 31st day of May 1993.

Trust Bank Wanganui Community Trust Inc.

Trust Bank Wanganui Community Trust Inc.
Financial Statements for the Year Ending 31 March 1993

Income and Expenditure

Income—
Dividends ... $295,124 $307,692
Interest ... 42,567 35,412
Brokerage remitted ... 250 —
... $337,941 $343,104

Expenditure—
Administration ... 22,926 14,425
Distributed to the community ... 184,850 118,944
... 207,776 133,369

Transferred to trust fund ... 130,165 209,735

Balance Sheet

Trust funds—
Opening balance 1 April ... $4,568,666 $4,358,931

Transferred from income ... 130,165 209,735
Closing balance 31 March ... 4,698,831 4,568,666
Scholarship fund ... 10,000 10,000
Total funds ... $4,708,831 $4,578,666

Represented by—
Current assets—
Bank ... 253,566 256,113
Other ... 9,685 7,077
... 263,251 263,190
Less current liabilities ... 82,038 65,750
... 181,213 197,440

Add investment assets—
Investments ... 315,618 169,226
Shares in TBNZ ... 4,202,000 4,202,000
Scholarship funds ... 10,000 10,000
Net assets ... $4,708,831 $4,578,666

A full set of accounts is available on application to the secretary, Mr S. P. Lace, Trust Bank Wanganui Community Trust, P.O. Box 97, Wanganui.

PUBLISHED BY AUTHORITY OF DEPARTMENT OF INTERNAL AFFAIRS:
GP PRINT LIMITED, WELLINGTON, NEW ZEALAND—1993

ISSN 0111-5650
Price $3.20 (inc. G.S.T.)


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✨ LLM interpretation of page content

💰 Statement of Cash Flows for Trust Bank Southland Community Trust Inc. (continued from previous page)

💰 Finance & Revenue
Cash Flows, Investing Activities, Dividends, Interest, Trustees Remuneration, Grants to the Community, Administration Expenses, Audit Fees

💰 Auditors’ Report to the Members of Trust Bank Southland Community Trust Incorporated

💰 Finance & Revenue
31 May 1993
Audit Report, Financial Statements, Historical Cost Method, Deloitte Touche Tohmatsu
  • Deloitte Touche Tohmatsu, Chartered Accountants

💰 Financial Statements for Trust Bank Wanganui Community Trust Inc.

💰 Finance & Revenue
Income and Expenditure, Balance Sheet, Trust Funds, Scholarship Fund, Dividends, Interest, Administration Expenses
  • Mr S. P. Lace, Secretary, Trust Bank Wanganui Community Trust