Financial Report




2494 NEW ZEALAND GAZETTE No. 124

1993 $ 1993 $ 1992 $
Interest received ... 129,439 114,151
Total income received ... 1,479,738 1,510,975

Expenses

| | | | |
| Accountancy/secretarial fees | ... | 17,275 | — |
| Audit fee | ... | 844 | 844 |
| Legal fees | ... | 6,073 | — |
| Grant stationery, advertising | ... | 2,877 | 3,970 |
| Membership fees | ... | 56 | — |
| Other expenses | ... | 6 | 4 |
| Publications | ... | 1,572 | 1,589 |
| Travelling expenses | ... | 2,128 | 7,400 |
| Trustees’ fees | ... | 20,985 | 22,628 |

| Total expenses | ... | 51,816 | 36,435 |

| Net income before grants | ... | 1,427,922 | 1,474,540 |
| Less grants | ... | 734,265 | 814,080 |

| Net income after grants | ... | 693,657 | 660,460 |
| Increase/(decrease) in market value of investments | ... | (29,568) | — |

| Net surplus transferred to trust funds | ... | $664,089 | $660,460 |

Trust Funds for the Year Ended 31 March 1993

1993 $ 1993 $ 1992 $
Trust funds—
Balance at beginning of year ... 22,882,795 22,222,335
Net income for the year ... 664,089 660,460

| Closing balance of trust funds | ... | $23,546,884 | $22,882,795 |

Balance Sheet as at 31 March 1993

1993 $ 1993 $ 1992 $
Current liabilities—
Sundry creditors ... 21,457

| Total current liabilities | ... | 21,457 | — |

| Trust funds— | | | |
| Closing balance of trust funds | ... | 23,546,884 | 22,882,795 |

| | | 23,546,884 | 22,882,795 |
| | | $23,568,341 | $22,882,795 |

| Current assets— | | | |
| Trust Bank Waikato current account | ... | 4,914 | 40,793 |
| National Disaster Relief Fund | ... | 16,636 | 14,090 |
| Resident withholding tax | ... | 66 | — |

| Total current assets | ... | 21,616 | 54,883 |

| Investments— | | | |
| Share in Trust Bank New Zealand Limited (Note 2) | ... | 21,316,622 | 21,316,622 |
| New Zealand Government stock | ... | 512,860 | — |
| The Rural Bank Limited | ... | 100,000 | — |
| Hamilton City Council | ... | 97,239 | — |
| BT Pacific Basin Fund | ... | 203,769 | — |
| Prudential NZ Emerging Companies | ... | 155,645 | — |
| Joseph Banks NZ Equity Trust | ... | 92,820 | — |
| BT International Fund | ... | 125,974 | — |
| Term deposits | ... | 911,882 | 1,505,538 |
| Accrued interest | ... | 29,914 | 5,752 |

| | | 22,827,912 | 23,546,725 |

| | | $23,568,341 | $22,882,795 |

Signed on behalf of the board of trustees:

D. J. BRAITHWAITE, Chairperson.
J. A. GRACE, Trustee.



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💰 Trust Bank Waikato Community Trust Financial Report (continued from previous page)

💰 Finance & Revenue
Financial Report, Trust Funds, Balance Sheet, Waikato
  • D. J. Braithwaite, Chairperson
  • J. A. Grace, Trustee