New Zealand Gazette – 1995 – No. 69

Page 1857

✨ Community Trust Financial Statements

13 JULY NEW ZEALAND GAZETTE 1857

Out audit was completed on 4 May 1995 and our unqualified opinion is expressed as at that date.
ERNST & YOUNG, New Plymouth.
gn4508

Trust Bank Canterbury Community Trust Inc.

Trustees Banks Restructuring Act 1988

Trust Directory for the Year Ended 31 March 1995

Trust Particulars

The Trust Bank Canterbury Community Trust Inc. was incorporated as a charitable trust in accordance with the provisions of the Trustee Banks Restructuring Act 1988. The purpose of the community trust is to provide charitable, cultural, philanthropic and recreational benefits to the community.

Date of Trust Deed: 30 May 1988.

Settlor: Minister of Finance.

Trustees:
I. D. Howell (Chairperson), V. S. Buck, J. C. Bedwell, B. P. Duncan, J. M. Finn (resigned 31 May), Sir Hamish Hay, P. H. Malone (appointed 31 May), J. M. McKendry, J. L. Palmer, R. H. Scott, F. J. Smith, H. C. Sutton, R. J. Todd, M. W. Wisheart.

Executive Director: K. M. Loughlin.

Donations Officer: P. D. Stewart.

Administrative Assistant: L. E. Riddler.

Accountants: KPMG Peat Marwick, P.O. Box 274, Christchurch (M. J. Hadlee).

Auditors: Deloitte Touche Tohmatsu, P.O. Box 248, Christchurch (I. G. Rowley).

Investment Fund Manager: Armstrong Jones (NZ) Limited.

Custodial Trustee: State Street Limited.

Bankers: Trust Bank Canterbury Limited.

Solicitors: Buddle Findlay, P.O. Box 322, Christchurch (C. H. Levin).

Trustees’ Report for the Year Ended 31 March 1995

Objectives of the Trust and Charitable Company Subsidiary:

To provide charitable, cultural, philanthropic and recreational benefits to the communities of Canterbury, Marlborough and Nelson.

Policies and Structure of the Trust and Charitable Company Subsidiary:

These organisations are structured to include community representatives from all three regions of the bank it represents. Their policies are to manage and distribute their income to the community they serve.

Activities of the Trust:

During the period under review the trust and its charitable subsidiary have provided financial assistance to a wide range of community groups in Canterbury, Marlborough and Nelson. In addition to responding to applications for assistance these organisations have initiated several new projects of benefit to community groups.

Review of Results and Financial Position:

The total distribution from the trust and charitable company was $6.7 million by way of donations to community groups during the last 12 months.

Signed on behalf of the board of trustees:

I. D. HOWELL, Chairperson.
R. J. TODD, Trustee.

Dated this 18th day of May 1995.

Consolidated Income and Expenditure Statement for the Year Ended 31 March 1995

	1995 $	1994 $
Revenue-
Dividend	7,725,000	4,685,525
Interest	1,139,900	332,322
Investment income	819,559	–
Sundry income	38,601	1,430
Total revenue	9,723,060	5,019,277
Less expenses
Advertising, public relations, distribution and travelling costs	111,569	71,366
Audit fees	5,550	3,150

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VUW Te Waharoa — NZ Gazette 1995, No 69

NZLII — NZ Gazette 1995, No 69

Parliament House (depicted) was completed in 1918 and remains the primary seat of Parliament.

✨ LLM interpretation of page content

💰 TSB Community Trust Financial Statements Notes and Audit Report (continued from previous page)

Domain💰 Finance & Revenue
KeywordsTSB Community Trust, Financial Statements, Accounting Policies, Dividend, Commitments, Fixed Assets, Audit Report

💰 Trust Bank Canterbury Community Trust Financial Statements and Report

Domain💰 Finance & Revenue
Dated18 May 1995
KeywordsTrust Bank Canterbury Community Trust, Financial Statements, Donations, Community Benefits, Audit Report
👱🏽 Names

20 names identified

I. D. Howell, Chairperson of the Trust
V. S. Buck, Trustee
J. C. Bedwell, Trustee
B. P. Duncan, Trustee
J. M. Finn, Trustee (resigned 31 May)
Hamish Hay (Sir), Trustee
P. H. Malone, Trustee (appointed 31 May)
J. M. McKendry, Trustee
J. L. Palmer, Trustee
R. H. Scott, Trustee
F. J. Smith, Trustee
H. C. Sutton, Trustee
R. J. Todd, Trustee
M. W. Wisheart, Trustee
K. M. Loughlin, Executive Director
P. D. Stewart, Donations Officer
L. E. Riddler, Administrative Assistant
M. J. Hadlee, Accountant
I. G. Rowley, Auditor
C. H. Levin, Solicitor

👩‍💼 Officials

I. D. Howell, Chairperson
R. J. Todd, Trustee

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