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