✨ Financial Statements
2000 NEW ZEALAND GAZETTE
No. 73
It is expected that with the increased income which the trust is receiving we will continue to play a vital part in assisting many community groups in Mid and South Canterbury districts.
Income and Expenditure Account for the Year Ended 31 March 1995
| Note | 1995 $ | 1994 $ | |
|---|---|---|---|
| Income— | |||
| Interest | 53,140 | 24,866 | |
| Dividends | 675,000 | 389,259 | |
| Total income | 728,140 | 414,125 |
| Less expenditure— | | | |
| Advertising | | 8,508 | 3,939 |
| Auditors' fees | | 208 | 197 |
| Printing and stationery | | 1,702 | 4,647 |
| Restructuring expenses | | — | 6,959 |
| Secretarial and accountancy fees | | 23,057 | 10,024 |
| Sundry expenses | | 2,926 | 1,279 |
| Travelling expenses | | 6,964 | 4,235 |
| Trustees' fees | | 13,480 | 14,340 |
| Depreciation—marquees | | 2,642 | 2,642 |
| Total expenditure| | 59,487 | 48,262 |
| Net income before donations | | 668,653 | 365,863 |
| Less donations paid and approved | 8 | 521,053 | 196,930 |
| Surplus transferred to the trust fund | | 147,600 | 168,933 |
(The notes to the financial statement form part of and are to be read in conjunction with the above account.)
Balance Sheet as at 31 March 1995
| Note | 1995 $ | 1994 $ | |
|---|---|---|---|
| Trust funds— | |||
| Capital | 7,389,000 | 4,689,000 | |
| Bonus issue of shares | — | 2,700,000 | |
| 7,389,000 | 7,389,000 | ||
| Undistributed income | 3 | 753,997 | 606,397 |
| Balance as at 31 March 1995 | 8,142,997 | 7,995,397 |
Represented by current assets—
| Trust Bank South Canterbury Limited— | | | |
| Current account | | 2,666 | 19,518 |
| Prime call account | | 46,147 | 533,470 |
| Money market account | | 842,000 | — |
| Disaster relief fund | | — | 3,054 |
| Sundry debtors | | 12,000 | 12,000 |
| Interest accrued | | 21,036 | — |
| | | 923,849 | 568,042 |
| Less current liabilities— | | | |
| Sundry creditors | | 36,340 | 22,895 |
| Donations approved not yet paid | | 192,120 | — |
| Total current liabilities | | 228,460 | 22,895 |
| Working capital | | 695,389 | 545,147 |
| Add long term assets— | | | |
| Long term advances | | 52,000 | 52,000 |
| Investments— | | | |
| Shares in Trust Bank New Zealand Limited | 2 | 7,389,000 | 7,389,000 |
| Fixed assets (after depreciation) marquees | 7 | 6,608 | 9,250 |
| Net assets | | 8,142,997 | 7,995,397 |
Signed on behalf of the board of trustees:
J. E. THOMPSON, Chairperson.
R. A. CARRUTHERS, Trustee.
Dated this 30th day of June 1995.
(The notes to the financial statement form part of and are to be read in conjunction with the above account.)
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VUW Te Waharoa —
NZ Gazette 1995, No 73
NZLII —
NZ Gazette 1995, No 73
✨ LLM interpretation of page content
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Trustees' Report for the Period Ended 31 March 1995
(continued from previous page)
💰 Finance & RevenueTrustees Report, Financial Assistance, Community Trust, South Canterbury, Mid Canterbury
- J. E. Thompson, Chairperson
- R. A. Carruthers, Trustee