✨ Financial Statements of ASB Charitable Trust
10 AUGUST NEW ZEALAND GAZETTE 2195
ASB Charitable Trust
Statement of Income and Expenditure for the Year Ended 31 March 2000
| 2000 | 1999 | |
|---|---|---|
| $000 | $000 | |
| Income | ||
| Managed funds | 61,196 | 40,132 |
| Other investments | 4,333 | 100 |
| Rent | 8 | 8 |
| 65,537 | 40,240 |
Direct expenditure
| Fund management, custodian and advisory fees | 1,997 | 1,944 |
| Other expenditure | 63,540 | 38,296 |
| | (note 8) |
| Net surplus | 676 | 716 |
| The net surplus has been allocated as follows: | 62,864 | 37,580 |
| Capital maintenance reserve | 4,770 | (336) | (note 4)
| Uncommitted surplus available for distribution | 58,094 | 37,916 |
| | 62,864 | 37,580 |
Statement of Movement in Trust Funds for the Year Ended 31 March 2000
| 2000 | 1999 | |
|---|---|---|
| $000 | $000 | |
| Total trust funds at beginning of year | 440,299 | 428,637 |
| Net surplus | 62,864 | 37,580 |
| Committed donations | (29,723) | (25,918) |
| Total trust funds at end of year | 473,440 | 440,299 |
The notes to these financial statements form part of and should be read in conjunction with this Statement of Income and Expenditure and Statement of Movement in Trust Funds.
Balance Sheet as at 31 March 2000
| Source of funds— | 2000 | 1999 |
|---|---|---|
| $000 | $000 | |
| Trust funds: | ||
| Capital | 251,786 | 251,786 |
| Capital maintenance reserve | 69,392 | 64,622 |
| General reserve | 100,000 | 100,000 |
| Retained surplus | 52,262 | 23,891 |
| 473,440 | 440,299 |
Liabilities:
| Creditors | 588 | 722 |
| Committed donations | 24,491 | 15,976 | (note 5)
| | 25,079 | 16,698 |
| | 498,519| 456,997|
Employment of funds—
| Investments: | | |
| Managed funds | 434,480| 454,284| (note 2)
| Other investments | 61,788 | 448 |
| | 496,268| 454,732|
Current assets:
| ASB Bank Community Trust | 51 | 52 |
| Cash | 7 | 51 |
| Debtors | 14 | 11 |
| Other Assets | 71 | 0 |
| | 143 | 114 |
Fixed assets
| | 2,108 | 2,151 | (note 7)
| | 498,519| 456,997|
Approved on behalf of the board:
JUDITH BASSETT,
Chairperson.
Date: 29 May 2000.
W. G. WARD-HOLMES,
Deputy Chairman.
Date: 29 May 2000.
The notes to these financial statements form part of and should be read in conjunction with this Balance Sheet.
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2000, No 89
Gazette.govt.nz —
NZ Gazette 2000, No 89
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Statement of Income and Expenditure for ASB Charitable Trust
(continued from previous page)
💰 Finance & Revenue29 May 2000
Financial Statements, Income, Expenditure, Trust Funds, Surplus, Investments, Rent, Fees
- JUDITH BASSETT, Chairperson
- W. G. WARD-HOLMES, Deputy Chairman