✨ Financial Statements
15 JULY NEW ZEALAND GAZETTE 1965
TSB Community Trust
Trustee Banks Restructuring Act 1988
TSB Community Trust
Income and Expenditure Account and Retained Funds Statement for the Year Ended 31 March 1999
| Notes | 1999 $ | 1998 $ | |
|---|---|---|---|
| Income— | |||
| Dividend from TSB Bank Limited | 2 | 1,395,000 | 1,200,000 |
| Interest received | 49,321 | 62,306 | |
| Donations | 50,000 | 4,153 | |
| 1,494,321 | 1,266,459 |
Less expenses— | | | |
| Audit fees | | 1,603 | 1,572 |
| Solicitors fees | | — | — |
| Professional services | | 1,671 | — |
| Trustees’ honoraria | | 48,672 | 34,782 |
| Trustees’ expenses | | 4,708 | 3,326 |
| Administrator fees | | 22,693 | 16,511 |
| Administrator mileage | | 666 | 500 |
| Conference expenses | | 5,101 | — |
| Stationery and postage | | 3,122 | 3,869 |
| Advertising | | 2,645 | 2,201 |
| Promotional expenses | | — | 2,454 |
| Sundry expenses | | 500 | 1,094 |
| Telephone and P.O. Box | | 942 | 766 |
| Depreciation | | 72 | 2,267 |
| | | 92,395 | 69,342 |
Funds available for distribution | | 1,401,926 | 1,197,117 |
Donations during the year | | 1,332,550 | 1,188,350 |
Excess income over expenditure | | 69,376 | 8,767 |
Plus retained funds at beginning of year | | 595,661 | 586,894 |
| | $665,037 | $595,661 |
Balance Sheet as at 31 March 1999
| Notes | 1999 $ | 1998 $ | |
|---|---|---|---|
| Accumulated funds— | |||
| Capital | |||
| Initial gift | 1 | 10,000,000 | 10,000,000 |
| 10,000,100 | 10,000,100 | ||
| Retained funds | 665,037 | 595,661 | |
| Total funds | $10,665,137 | $10,595,761 |
Represented by: | | | |
| Current assets— | | | |
| Petty cash | 36 | 72 | 43 |
| TSB Bank Limited | | 72,954 | 47,539 |
| Accrued interest | | 5,092 | 8,477 |
| | | 78,082 | 56,059 |
Less current liabilities— | | | |
| Accrued charges | | 14,596 | 10,298 |
| Working capital | | 63,486 | 45,761 |
| Fixed assets | 5 | 1,651 | — |
| Investments— | | | |
| Shares in TSB Bank Limited | 1 | 10,000,000| 10,000,000|
| TSB Bank Limited investments | | 600,000 | 550,000 |
| | | $10,665,137| $10,595,761|
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VUW Te Waharoa —
NZ Gazette 1999, No 83
NZLII —
NZ Gazette 1999, No 83
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💰 TSB Community Trust Financial Statements for Year Ended 31 March 1999
💰 Finance & RevenueFinancial Statements, Income and Expenditure, Balance Sheet, TSB Community Trust