3 AUGUST NEW ZEALAND GAZETTE 2065

Legal expenses .................................................................. 747
Membership fees ................................................................ 56
Other expenses .................................................................. 614
Publications ..................................................................... 4,075
Travelling expenses ............................................................... 3,576
Trustees' fees .................................................................... 37,050
Total expenses .................................................................. 210,459
Net income before donations ......................................................... 4,327,388
Less donations ................................................................ 1,181,025
Net income after donations .......................................................... 3,146,363
Increase/(decrease) in market value of other investments ......................... (964,448)
Realised gain on sale of Trust Bank New Zealand Limited shares ................. –
Net surplus ..................................................................... 2,181,915
Retained income brought forward ................................................... 18,247,877
Retained income carried forward ................................................... $20,429,792

Balance Sheet as at 31 March 1995

Current liabilities—
Accounts payable ............................................................ 13,991
Donations payable ........................................................... 69,450
Total current liabilities ................................................... 83,441
Trust funds—
Capital fund .............................................................. 21,316,622
Retained income ........................................................... 20,429,792
Shares in Trust Bank New Zealand Limited—revaluation reserve ................. 73,772,671
Total trust funds ......................................................... $115,519,085

Current assets—
Trust Bank Waikato current account .......................................... 518
National Disaster Relief Fund ............................................... –
Total current assets ...................................................... 518
Investment in Waikato Community Trust Charities Limited—
2 ordinary shares at $1 each ................................................ 2
Advance account ........................................................... 1,304
............................................................................ 1,302
Investments—
Cash deposits ............................................................. 11,487,660
Shares in Trust Bank New Zealand Limited .................................... 91,891,800
New Zealand Government stock ................................................ 1,023,356
Other fixed interest investments ............................................ 3,157,131
International core equities ................................................. 5,254,164
Global investment themes—
Small companies ..................................................... 176,226
General emerging markets .............................................. 619,458
Specific emerging markets ............................................. 845,161
Hedge funds ......................................................... 1,134,696
Forward exchange contracts ............................................ 11,053
Total investments ......................................................... 115,600,705

Signed on behalf of the board of trustees:

D. J. BRAITHWAITE, Chairperson.

J. A. GRACE, Trustee.

Dated this 22nd day of May 1995.

This Year Last Year
$ $
– 116
4 2,555
2,510 24,536
61,459
2,188,640
900,830
1,287,810
129,270
14,600,535
16,017,615
2,230,262
$18,247,877

This Year Last Year
$ $
10,984
20,000
30,984
21,316,622
18,247,877
93,706,871
$133,302,354

8,520
16,159
24,679
–
–
–

19,121,887
111,826,000
857,616
203,884
775,462
–
–
–
–

133,277,675
$133,302,354