✨ Financial Statements
NEW ZEALAND GAZETTE
No. 122
| Notes | 1993 $ | 1992 $ |
|---|---|---|
| Audit | 1,193 | 1,380 |
| Consultancy | 338 | — |
| Other expenses | 2,938 | 1,191 |
| Travelling | 7,326 | 12,781 |
| Bursaries | — | 32,400 |
| Trustees’ fees | 22,475 | 22,165 |
| Total expenditure | 49,856 | 45,484 |
| Net income before community payments | 831,617 | 869,604 |
| Less community payments— | ||
| Donations— | ||
| General | 278,490 | 386,568 |
| Special | 208,500 | 136,000 |
| Bursaries | 33,750 | 32,400 |
| Total community payments | 3 | 520,740 |
| Surplus transferred to the trust fund | $310,877 | $314,636 |
(The notes to the financial statements form part of and are to be read in conjunction with the above accounts.)
Balance Sheet as at 31 March 1993
| Note | 1993 $ | 1992 $ |
|---|---|---|
| Trust funds— | ||
| Balance as at 1 April | 12,615,422 | 12,300,786 |
| Net surplus for year | 310,877 | 314,636 |
| Balance, 31 March | $12,926,299 | $12,615,422 |
Represented by:
| Current assets— | | |
| Cash at bank | 4 | 367,199 | 672,755 |
| Sundry debtors | — | 2,509 |
| Accruals | — | 22,700 |
| Total current assets | 389,187 | 697,964 |
| Less current liabilities— | | |
| Sundry creditors | 4,640 | 2,081 |
| Total current liabilities | 4,640 | 2,081 |
| Net current assets | 384,547 | 695,883 |
| Add long-term assets— | | |
| Shares in Trust Bank New Zealand Limited | 5 | 11,810,000 | 11,810,000 |
| Government stock | 6 | 721,624 | 50,067 |
| Local authority stock | 6 | — | 50,000 |
| National Disaster Relief Fund | — | 10,128 | 9,472 |
| Total investments | 12,541,752 | 11,919,539 |
| Net assets | $12,926,299 | $12,615,422 |
(The notes to the financial statements form part of and are to be read in conjunction with the above accounts.)
Signed on behalf of the board of trustees:
T. K. STEWART, Chairperson.
B. J. MARTIN, Trustee.
Dated this 28th day of May 1993.
Statement of Cash Flows for the Period Ended 31 March 1993
| Note | 1993 $ | 1992 $ |
|---|
Cash flows from operating activities—
Cash was provided from:
| Dividends | 815,103 | 849,816 |
| Interest on investments | 93,960 | 51,770 |
Cash was applied to:
| Community payments | 520,740 | 554,968 |
| Suppliers of goods and services | 22,901 | 29,734 |
| Trustees | 21,885 | 25,225 |
Net operating cash flows | 7 | 343,536 | 291,659 |
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VUW Te Waharoa —
NZ Gazette 1993, No 122
NZLII —
NZ Gazette 1993, No 122
✨ LLM interpretation of page content
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Trust Bank Eastern and Central Community Trust Inc. Income and Expenditure Account
(continued from previous page)
💰 Finance & RevenueTrust Bank, Income and Expenditure Account, Financial Report
- T. K. Stewart, Chairperson
- B. J. Martin, Trustee