✨ Financial Statements




NEW ZEALAND GAZETTE

No. 121


General

Trust Bank Wanganui Community Trust Inc.

Trust Bank Wanganui Community Trust Incorporated

Balance Sheet as at 31 March 1994

1993 $ 1994 $
Current assets
Trust Bank Central cheque account ... 9,647 5,363
Trust Bank Central on call account ... 61,202 136,190
Trust Bank Central term deposit ... 179,000 2,861,737
Scholarship summit account ... 3,717 –
Accounts receivable ... 250 –
Interest accrued ... 9,435 14,773
Total current assets ... 263,251 3,021,364
Less current liabilities
Accounts payable ... 7,038 10,258
Grants not yet uplifted ... 75,000 115,000
Total current liabilities ... 82,038 125,258
Working capital ... 181,213 2,896,106
Long term investments
Community Trusts Inv. Limited ... – 25,727,566
New Zealand Government stock ... 211,951 207,196
Fletcher Challenge capital notes ... 50,000 50,000
Local authority stock ... 50,000 50,000
Scholarship Fund—Trust Bank Central... 10,000 10,000
Trust Bank New Zealand ... 4,202,000 4,514
National Disaster Relief Fund ... 3,667 3,561
Total long term investments ... 4,527,618 26,052,837
Net assets ... $4,708,831 $28,948,943
Representing—
Trust Funds:
Scholarship Fund ... 10,000 10,000
Community Trust Funds Reserves ... 4,698,831 4,922,124
Realised gains ... – 2,086,485
Unrealised gains ... – 21,930,334
Total Trust Funds ... $4,708,831 $28,948,943

(The notes to the financial statements are to be read in conjunction with this balance sheet and the accompanying accounts.)

Signed on behalf of the board:

J. TIMPANY, Chairperson.
D. CAIRNCROSS, Trustee.

Dated this 7th day of July 1994.


Trust Bank Wanganui Community Trust Incorporated

Income and Expenditure Account for the Year Ending 31 March 1994

1993 $ 1994 $
Income—
Interest ... 42,567 60,226
Dividend Trust Bank New Zealand Limited ... 295,124 454,135
Brokerage remitted ... 250 –
Total income ... 337,941 514,361
Less expenses—
Administration expenses:
Accountancy and secretarial ... 9,334 15,407
Accident Compensation levies ... 271 214
Advertising ... 661 614
Auditors fees ... 852 1,564
General expenses ... – 370


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✨ LLM interpretation of page content

💰 Trust Bank Wanganui Community Trust Inc. Balance Sheet

💰 Finance & Revenue
7 July 1994
Balance Sheet, Trust Bank Wanganui, Financial Statements, 1993-1994
  • J. Timpany, Chairperson
  • D. Cairncross, Trustee

💰 Trust Bank Wanganui Community Trust Inc. Income and Expenditure Account

💰 Finance & Revenue
Income and Expenditure, Trust Bank Wanganui, Financial Statements, 1993-1994