✨ Community Trust Financial Statements
13 JULY NEW ZEALAND GAZETTE 1863
with sufficient evidence to give reasonable assurance that the consolidated financial statements are free from material misstatements, whether caused by fraud or error. In forming our opinion we also evaluated the overall adequacy of the presentation of information in the consolidated financial statements.
Other than in our capacity as auditors we have no relationship with or interests in the trust.
Unqualified Opinion
We have obtained all the information and explanations we have required.
In our opinion the attached consolidated financial statements fairly reflect the financial position of the trust as at 31 March 1995 and the results of its operations and cash flows for the year ended on that date.
Our audit was completed on 17 May 1995 and our unqualified opinion is expressed as at that date.
DELOITTE TOUCHE TOHMATSU.
Chartered Accountants.
Christchurch, New Zealand.
Note: A full list of donation recipients is available on request from Trust Bank Canterbury Community Trust Inc., Level Four, Forsyth Barr House, corner of Colombo and Armagh Streets (P.O. Box 13-744), Christchurch.
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Trust Bank Southland Community Trust Inc.
Revenue Statement for the Year Ended 31 March 1995
| Revenue— | Note | 1995 $ | 1994 $ |
|---|---|---|---|
| Dividends | 2 | 3,532,143 | 2,003,963 |
| Interest | 149,589 | 188,501 | |
| Other income | 23,000 | 23,000 | |
| Total revenue | 3,704,732 | 2,215,464 | |
| Less expenditure— | |||
| Administration fees | 10,000 | 10,000 | |
| Auditor’s fees | 1,838 | 2,320 | |
| Donation | 0 | 1,390 | |
| Other expenses | 27,416 | 19,688 | |
| Travelling expenses | 7,676 | 3,404 | |
| Trustees’ remuneration | 28,960 | 24,752 | |
| Total expenditure | 75,890 | 61,554 | |
| Net surplus before grants | 3,628,842 | 2,153,910 | |
| Less grants | 1,383,012 | 812,960 | |
| Net surplus for the year | $2,245,830 | $1,340,950 | |
| Distributed to: | |||
| Investment reserve | 0 | 486,517 | |
| Undistributed surplus | 2,245,830 | 866,433 | |
| $2,245,830 | $1,352,950 |
(The notes to the financial statements form part of and are to be read in conjunction with the above account.)
Balance Sheet for the Year Ended 31 March 1995
| Trust funds— | Notes | 1995 $ | 1994 $ |
|---|---|---|---|
| Funds introduced | 6 | 21,281,000 | 21,281,000 |
| Investment reserve | 7 | 3,000,000 | 3,000,000 |
| Undistributed surplus | 2,042,671 | -203,159 | |
| $26,323,671 | $24,077,841 |
Represented by:
Current assets—
Trust Bank Southland Limited—
| Current account | | 27,094 | 628 |
| Money Market Account | | 300,000 | 470,000 |
| Accounts receivable | | 22,172 | 250 |
| Total current assets | | 349,266 | 470,878 |
| Less current liabilities— | | | |
| Accounts payable | | 25,845 | 19,009 |
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VUW Te Waharoa —
NZ Gazette 1995, No 69
NZLII —
NZ Gazette 1995, No 69
✨ LLM interpretation of page content
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Trust Bank Canterbury Community Trust Financial Statements and Report
(continued from previous page)
💰 Finance & Revenue17 May 1995
Trust Bank Canterbury Community Trust, Financial Statements, Donations, Community Benefits, Audit Report, Investments, Dividend Income, Taxation, GST, Accounting Policies, Consolidation
- DELOITTE TOUCHE TOHMATSU, Chartered Accountants
💰 Trust Bank Southland Community Trust Inc. Revenue Statement and Balance Sheet for the Year Ended 31 March 1995
💰 Finance & RevenueTrust Bank Southland Community Trust, Revenue Statement, Balance Sheet, Dividends, Interest, Donations, Financial Position