25 JULY NEW ZEALAND GAZETTE 1969

KPMG, Auckland.

A copy of the list of organisations to whom donations have been made by ASB Bank Community Trust and ASB Charitable Trust is available on request from ASB Trusts, P.O. Box 68-048, Newton, Auckland.

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Trust Bank Waikato Community Trust

Trustee Banks Restructuring Act 1988

Trust Bank Waikato Community Trust

Directory as at 31 March 1996

Trustees

E. H. Barnes, D. Bay, D. J. Braithwaite (Chairman), M. M. Brooker, I. R. Gear, J. A. Grace, L. E. Holder, M. M. Lamb, M. M. Leggat, R. T. Mahuta, F. J. H. Parker, R. N. Stanich, A. G. Steel and L. M. Storey.

Executive Manager

K. M. Gordon, P.O. Box 391, Hamilton. Telephone: (07) 838 2660.

Secretary and Accountants

Beattie Rickman, P.O. Box 191, Hamilton. Telephone: (07) 838 3838. G. F. Balme.

Auditors

Deloitte Touche Tohmatsu, P.O. Box 17, Hamilton. Telephone: (07) 839 2527. B. Taylor.

Bankers

Trust Bank Waikato Limited, P.O. Box 230, Hamilton. Telephone: (07) 834 9777.

Trust Particulars

The Trust Bank Waikato Community Trust 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 people in the area served by Trust Bank Waikato Limited.

Trustees Report for the Year Ended 31 March 1996

Income

Dividends of $5,104,970 (1995 $3,231,800) were received by the Trust Bank Waikato Community Trust from Trust Bank New Zealand Limited during the 1996 year.

Other income amounted to $1,178,409 (1995 $1,306,047) being income from other investments held by the trust.

Donations

Donations for the 1996 year totalled $1,706,125 (1995 $1,181,025). This represents a 44 percent increase over the previous year. These donations were made to 1,502 recipients.

Trust Funds

The net surplus of $5,484,054 (1995 $2,181,915) was transferred to trust funds, along with an adjustment to recognise the market value of the shares held in Trust Bank New Zealand Limited. This gave an accumulated balance of $149,202,739 (1995 $115,519,085) at the end of the year.

General

The trust remains in a sound position to continue to provide charitable, cultural, philanthropic and recreational benefits within its area of operation.

Signed on behalf of the trustees:

D. J. BRAITHWAITE, Chairperson.

J. A. GRACE, Trustee.

Audit Report to the Readers of the Financial Report of Trust Bank Waikato Community Trust

We have audited the financial report. The financial report provides information about the past financial performance of the trust and its financial position as at 31 March 1996. This information is stated in accordance with the accounting policies set out.

Board of Trustees’ Responsibilities

The board of trustees are responsible for the preparation of a financial report which gives a true and fair view of the financial position of the trust as at 31 March 1996 and of the results of the operations and cash flows for the year ended 31 March 1996.

Auditors’ Responsibilities

It is our responsibility to express an independent opinion of the financial report presented by the board of trustees and report our opinion to you.

Basis of Opinion

An audit includes examining, on a test basis, evidence relevant to the amounts and disclosures in the financial report. It also includes assessing: