New Zealand Gazette – 1999 – No. 83

Page 1965

✨ 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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💰 TSB Community Trust Financial Statements for Year Ended 31 March 1999

💰 Finance & Revenue
Financial Statements, Income and Expenditure, Balance Sheet, TSB Community Trust