22 JULY

NEW ZEALAND GAZETTE

2025

Represented by:
Trust funds—
Accumulated funds ................................................. $47,924,284 $48,765,750
Revaluation reserve .............................................. 1,250 —
Total trust funds ................................................ $47,925,534 $48,765,750

For and on behalf of the board of trustees:
W. A. BRIEN, Chairperson.
P. J. WILLIS, Trustee.
Dated this 14th day of June 1999.

Consolidated Statement of Cash Flows for the Year Ended 31 March 1999

Cash flows from operating activities—
Cash was provided from:
Interest on investments ........................................... 10,984 15,551
Rental income ................................................... 76,620 —
G.S.T. received ................................................. 4,052 —
Donations returned .............................................. 1,500 10,000
————————— —————————
93,156 25,551
Cash was applied to:
Payments to suppliers ......................................... (248,297) (191,520)
Payments to fund managers ..................................... (260,679) (269,763)
Payments to trustees .......................................... (70,135) (50,046)
Donations to community ........................................ (5,105,114) (3,602,166)
Tax paid ...................................................... (1,928) (110)
————————— —————————
(5,686,153) (4,113,605)
Net inflow (outflow) from operating activities ..................... (5,592,997) (4,088,054)

Cash flows from investing activities—
Cash was applied from:
BNZ loan ...................................................... 746,847 —
Net realisation of investments ................................ 8,125,789 3,733,691
————————— —————————
8,872,636 3,733,691
Cash was applied to:
Purchase of investment properties ............................. (1,383,750) —
Purchase of fixed assets ...................................... (672) (4,801)
The Embassy Theatre Trust loan ................................ (530,000) —
Karori Sanctuary Wildlife Trust loan .......................... (1,312,000) —
————————— —————————
(3,226,422) (4,801)
Net inflow (outflow) from investing activities .................... 5,646,214 3,728,890
Net increase (decrease) in cash held ............................. 53,217 (359,164)
Opening cash brought forward .................................... 10,503 369,667
Closing cash carried forward .................................... $63,720 $10,503

Shown in statement of financial position as:
Cash at bank .................................................. 63,720 10,503
Closing cash carried forward .................................. $63,720 $10,503

Consolidated Notes to the Financial Statements for the Year Ended 31 March 1999

1. Statement of Accounting Policies

Reporting Entity
The financial statements presented here are for the reporting entity Trust Bank Wellington Community Trust and its wholly owned companies Wellington Community Trust Charities Limited and Jarden Mile Investments Limited. The Trust Bank Wellington Community Trust is an incorporated charitable trust under the Charitable Trusts Act 1957.

Reporting Basis
The trustees have chosen to prepare general purpose financial reports which comply with generally accepted accounting practice.