β¨ Financial Statements
2052
NEW ZEALAND GAZETTE
No. 84
Public & statutory reporting
Staff
Trustee fees
Trustee expenses
62
221
152
36
$1,791
61
206
146
44
$1,705
Professional fees
Payments to auditors
β Audit fees
β Software and other support
Computer support
Legal advisors
Professional investment advisers
Tax advice
Donations project advice
8
22
8
5
80
30
99
$252
4
13
3
68
36
47
$171
- Trust funds
Trust capital
The trust capital represents the realised value of its original asset, being shares in Trust Bank. They were sold, partly in 1994 when Trust Bank listed on the NZ Stock Exchange and the balance in 1996 when Westpac took over Trust Bank.
2000
$000
1999
$000
Opening balance
Transfer from uncommitted surplus
Closing balance
131,467
131,467
$131,467
131,467
Capital maintenance reserve
Opening balance
Transfers
Closing balance
9,073
2,108
9,063
10
$11,181
$9,073
Uncommitted surplus
Opening balance
43,382
34,393
Donations to non profit bodies
Trustee (deficit)/surplus
Transfer to capital maintenance reserve
Closing balance
(415)
(792)
(2,108)
(333)
9,332
(10)
$40,067
$43,382
Total trust funds at 31 March 2000
2000
$000
1999
$000
$182,715
$183,922
- Donations
Donations paid from income
Donations paid from capital
10,528
415
6,650
333
$10,943
$6,983
Donations which the Trust has conditionally approved but not yet paid are shown in the accounts as a contingent liability (see Note 10).
- Managed funds
Managed by external managers
Opening balance
Gross income
Fund managers fees
Withdrawals to fund donations
Closing balance
181,101
11,456
(826)
(11,000)
171,499
17,374
(772)
(7,000)
$180,731
$181,101
Investments comprise:
Cash, deposits and miscellaneous
Bonds
Equities
Total managed funds
14,270
88,769
77,692
27,655
88,445
65,001
$180,731
$181,101
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2000, No 84
Gazette.govt.nz —
NZ Gazette 2000, No 84
β¨ LLM interpretation of page content
π°
The Community Trust of Otago Notes to the Consolidated Financial Statements for the Year Ended 31 March 2000
(continued from previous page)
π° Finance & RevenueFinancial Notes, Consolidation, Basis of Preparation, Accounting Policies, Revenue, Expenditure