✨ Financial Statements
1406
NEW ZEALAND GAZETTE
No. 60
TSB Community Trust
Income and Expenditure Account and Retained Funds Statement for the Year Ended 31 March 1997
Income—
Dividend from TSB Bank Limited .......................... 2 1,100,000 925,000
Interest received .................................... 57,072 48,290
———————— ————————
1,157,072 973,290
Less expenses—
Audit fees ......................................... 1,536 1,511
Solicitors fees .................................... 2,794 –
Professional services .............................. 1,700 3,163
Trustees’ honoraria ................................ 3,355 3,495
Trustees’ expenses ................................. 27,738 25,087
Secretary/treasurer fees ........................... 15,015 14,320
Secretary/treasurer mileage ........................ 673 503
Stationery and postage ............................. 1,203 1,805
Advertising ...................................... 2,183 2,108
Promotional expenses ............................... 5,175 458
Sundry expenses .................................. 193 315
Telephone and P.O. Box ............................. 665 672
Depreciation ..................................... 3,097 3,097
———————— ————————
65,327 56,534
Funds available for distribution ................... 1,091,745 916,756
Donations during the year .......................... 1,026,350 871,300
Excess income over expenditure ..................... 65,395 45,456
Plus retained funds at beginning of year ........... 521,499 476,043
———————— ————————
$586,894 $521,499
Balance Sheet as at 31 March 1997
Accumulated funds—
Capital .......................................... 1 100 100
Initial gift ..................................... 10,000,000 10,000,000
———————— ————————
10,000,100 10,000,100
Retained funds ................................... 586,894 521,499
Total funds ...................................... $10,586,994 $10,521,599
Represented by:
Current assets—
Petty cash ....................................... 18 10
TSB Bank Limited ................................. 7,911 67,166
Accrued interest ................................. 12,195 5,182
———————— ————————
20,124 72,358
Less current liabilities—
Accrued charges .................................. 10,397 6,123
———————— ————————
9,727 66,235
Fixed assets ..................................... 5 2,267 5,364
Investments—
Shares in TSB Bank Limited ....................... 1 10,000,000 10,000,000
TSB Bank Limited Investments ..................... 575,000 450,000
———————— ————————
$10,586,994 $10,521,599
For and on behalf of the trustees:
D. E. WALTER, Chairperson.
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VUW Te Waharoa —
NZ Gazette 1997, No 60
NZLII —
NZ Gazette 1997, No 60
✨ LLM interpretation of page content
💰 TSB Community Trust Financial Statements for the Year Ended 31 March 1997
💰 Finance & RevenueIncome, Expenditure, Retained Funds, Balance Sheet, TSB Community Trust
- D. E. Walter, Chairperson