✨ Financial Statements and Trust Reports
NEW ZEALAND GAZETTE
No. 73
| Yield % | 1994 $ | 1993 $ | |
|---|---|---|---|
| Unamortised premium | 84,039 | 40,624 | |
| $1,275,039 | $721,624 | ||
| Market value of Government stock at 31 March 1993 | $1,283,492 | — |
8. Financial Instruments
The fair values of all financial instruments are disclosed within this report. No undisclosed credit risk exists. There are no undisclosed financial instruments.
9. Reconciliation of Net Surplus With Operating Cash Flows
| 1994 $ | 1993 $ | |
|---|---|---|
| Net Surplus transferred to trust fund | 712,122 | 310,877 |
| Adjust for non cash items— | ||
| – Interest included in purchase price of investments | 6,985 | 23,585 |
| – Amortisation of premium on investments | 8,272 | 3,950 |
| – Compounded interest | (580) | (656) |
| – Disaster fund payments | 870 | — |
| – Depreciation | — | 2,042 |
| Movements in net current assets— | ||
| – Accruals | 4,690 | 712 |
| – Sundry creditors | 3,485 | 2,559 |
| – Sundry debtors | — | 2,509 |
| Net operating cash flows | $737,886 | $343,536 |
10. Subsidiary Company
On 10 March 1994, a subsidiary company, Eastern and Central Community Trust Charities Limited, was incorporated. At 31 March 1994 no capital had been called or paid and no transactions undertaken.
Auditors’ Report to the Trustees of the Trust Bank Eastern and Central Community Trust Inc.
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 modified historical cost method, a true and fair view of the financial position of the trust as at 31 March 1994 and the results of its activities and cash flows for the year ended on that date.
DENT ROBERTSON & PARTNERS, Chartered Accountants,
Hastings, New Zealand.
Dated this 31st day of May 1994.
Note: An itemised list of all donations is available, on request, from the Executive Secretary, P.O. Box 1058, Hastings.
gr5355
Trust Bank Wellington Community Trust
Trustee Banks Restructuring Act 1988
Trust Bank Wellington Community Trust
Income and Expenditure Account for the Year Ended 31 March 1994
| 1993 $ | 1994 $ | |
|---|---|---|
| Income— | ||
| Dividends, Trust Bank New Zealand Limited | 351,337 | 540,638 |
| Interest | 16,816 | 26,926 |
| Total income | 368,153 | 567,564 |
| Expenditure— | | |
| Accident compensation | 101 | 117 |
| Advertising | 2,968 | 4,824 |
| Auditor’s fees | 631 | 759 |
| Brokerage | — | 96,142 |
| Functions | — | 1,489 |
| General expenses | 422 | 98 |
| Postages | 803 | 323 |
| Professional fees | — | 5,628 |
| Printing | — | 546 |
| Secretarial services | 5,045 | 7,139 |
| Trustee fees | 10,065 | 12,390 |
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VUW Te Waharoa —
NZ Gazette 1994, No 73
NZLII —
NZ Gazette 1994, No 73
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Trust Bank Eastern and Central Community Trust Income and Expenditure Account
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💰 Finance & Revenue31 May 1994
Trust Bank, Income, Expenditure, Dividends, Interest, Financial Statements
- DENT ROBERTSON & PARTNERS, Chartered Accountants
💰 Trust Bank Wellington Community Trust Income and Expenditure Account
💰 Finance & RevenueTrust Bank, Income, Expenditure, Dividends, Interest, Financial Statements