✨ Financial Statements
28 JULY NEW ZEALAND GAZETTE 2433
General
ASB Bank Community Trust
ASB Bank Community Trust
Statement of Income & Expenditure for the Year Ended 31 March 1994
| Note | 1994 $000 | 1993 $000 |
|---|---|---|
| Income— | ||
| From dividends | 2 | 1,007 |
| From other investments | 2 | 256 |
| 1,263 | ||
| Expenditure— | ||
| Audit | 7 | 8 |
| Facilities rental | 15 | 22 |
| Legal | – | 3 |
| Other operating | 112 | 60 |
| Public & statutory reporting | 50 | 55 |
| Staff | 95 | 161 |
| Trustees’ fees | 37 | 58 |
| Trustees’ expenses | 12 | 17 |
| 337 | ||
| Surplus before taxation | 926 | |
| Taxation | 3 | 359 |
| 567 | ||
| Unrealised investment fluctuations | 2 | 30 |
| Unrealised investment revaluations | 4 | 9,731 |
| Donation from ASB Charitable Trust | 6 | 3,750 |
| Surplus before allocations | 14,078 | |
| Allocations— | ||
| Committed donations | 5 | 1,261 |
| General Reserve | 6 | (500) |
| Investment Fluctuation Reserve | 6 | 30 |
| Investment Revaluation Reserve | 6 | 9,731 |
| Charitable Purposes Reserve Fund | 6 | 3,751 |
| 14,273 | ||
| Uncommitted surplus/(deficit) this year | (195) | |
| Uncommitted surplus brought forward | 364 | |
| Uncommitted surplus carried forward | $169 |
The notes to these financial statements form part of and should be read in conjunction with this Statement of Income and Expenditure.
Balance Sheet as at 31 March 1994
| Note | 1994 $000 | 1993 $000 |
|---|---|---|
| Source of Funds— | ||
| Trust Funds— | ||
| Capital | 7 | 44,320 |
| Investment Revaluation Reserve | 6 | 29,821 |
| Investment Fluctuation Reserve | 6 | 69 |
| Charitable Purposes Reserve Fund | 6 | 3,751 |
| General Reserve | 6 | 1,000 |
| Uncommitted surplus | 169 | |
| 79,130 | ||
| Liabilities— | ||
| Creditors | 5 | 65 |
| Committed donations | 419 | |
| 484 | ||
| $79,614 |
| Note | 1994 $000 | 1993 $000 |
|---|---|---|
| Employment of Funds— | ||
| Investments— | ||
| Shares | 4 | 77,892 |
| Other investments | 4 | 1,570 |
| 79,462 | ||
| Current Assets— | ||
| Cash | 19 | 103 |
| Cash—Charitable Purposes Reserve Fund | 1 | – |
| Debtors | 2 | 3 |
| Taxation | 30 | – |
| ASB Charitable Trust | 100 | 63 |
| 152 | ||
| $79,614 |
Approved on behalf of the Board:
JUDITH BASSETT, Chairperson.
WAARI WARD-HOLMES, Deputy Chairman.
The notes to these financial statements form part of and should be read in conjunction with this Balance Sheet.
Statement of Cash Flows for the Year Ended 31 March 1994
| 1994 $000 | 1993 $000 |
|---|---|
| Cash flows from operating activities— | |
| Cash was provided from: | |
| Refund of expenses by ASB Charitable Trust | 728 |
| Dividends received | 1,007 |
| Decrease in term deposits | – |
| Decrease in bonds | 2,180 |
| Interest received on investments | 265 |
| Donation from ASB Charitable Trust | 3,750 |
| Net G.S.T. | 1 |
| 7,931 | |
| Cash was disbursed on: | |
| Bonds purchased | – |
| Payment to suppliers, trustees & staff | (1,093) |
| Net G.S.T. | – |
| Taxes paid | (388) |
| Charitable Purposes Reserve Fund | (1) |
| Donations to voluntary organisations | (2,633) |
| (4,115) | |
| Net cash inflow from operating activities | 3,816 |
| Cash flows from investing activities— | |
| Cash was disbursed on: | |
| ASB Bank Ltd capital call | (3,750) |
| Net cash outflow from investing activities | (3,750) |
| Net cash inflow from activities | $66 |
| Net increase in cash held | 66 |
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VUW Te Waharoa —
NZ Gazette 1994, No 75
NZLII —
NZ Gazette 1994, No 75
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💰 ASB Bank Community Trust Financial Statements for 1994
💰 Finance & RevenueFinancial Statements, Income, Expenditure, Balance Sheet, Cash Flows, ASB Bank Community Trust
- JUDITH BASSETT, Chairperson
- WAARI WARD-HOLMES, Deputy Chairman