New Zealand Gazette – 2001 – No. 71

Page 1695

✨ Financial Statements



12 JULY

NEW ZEALAND GAZETTE

1695

TSB Community Trust

Community Trusts Act 1999

TSB Community Trust

TSB Community Trust Statement of Financial Performance for the Year Ended 31 March 2001

Notes 2001 2000
$ $

Revenue

Dividend from TSB Bank Ltd | 2 | 2,050,000 | 1,700,000
Interest received | | 63,332 | 38,743
Donations | | 1,250 | 2,004
Operating revenue | | 2,114,582 | 1,740,747

Expenses

Audit fees | | 1,596 | 1,601
Solicitors fees | | – | –
Professional services | | 602 | 608
Insurance | | 4,364 | 4,308
Trustees’ honoraria | | 47,834 | 54,783
Trustees’ expenses | | 5,955 | 6,588
Administrator fees | | 28,968 | 29,133
Administrator mileage | | 942 | 905
Conference expenses | | 3,440 | 9,119
Stationery and postage | | 4,515 | 1,389
Advertising | | 6,395 | 4,345
Promotional expenses | | 1,369 | 7,305
Sundry expenses | | 572 | 653
Telephone and P.O. Box | | 1,322 | 1,312
Depreciation | | 789 | 427
Operating expenses | | 108,663 | 122,476

Funds Available for Distribution | | 2,005,919 | 1,618,271
Donations during the year | | 1,829,050 | 1,711,400
Net surplus/(deficit) before taxation | | 176,869 | (93,129)
Taxation expense | 4 | – | –
Net surplus/(deficit) after taxation | | 176,869 | (93,129)

TSB Community Trust Statement of Financial Position as at 31 March 2001

Notes 2001 2000
$ $

Accumulated funds

Capital | | 100 | 100
Initial gift | 1 | 10,000,000 | 10,000,000
| | 10,000,100 | 10,000,100
Retained funds | | 748,777 | 571,908
Total funds | | 10,748,777 | 10,572,008

Represented by:

Current assets—

Petty cash | | 36 | 63
TSB Bank Limited | | 55,591 | 84,569
Accrued interest | | 7,602 | 4,721
| | 63,229 | 89,353

Less current liabilities—

Accrued charges | | 18,223 | 18,569
Working capital | | 45,006 | 70,784

Fixed assets | 7 | 3,871 | 1,224

Investments
Shares in TSB Bank Limited | 1 | 10,000,000 | 10,000,000
TSB Bank Ltd investments | | 700,000 | 500,000
| | 10,748,877 | 10,572,008



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2001, No 71


Gazette.govt.nz — PDF NZ Gazette 2001, No 71




✨ LLM interpretation of page content

💰 TSB Community Trust Financial Performance for the Year Ended 31 March 2001

💰 Finance & Revenue
Financial Performance, Revenue, Expenses, Donations, TSB Community Trust

💰 TSB Community Trust Statement of Financial Position as at 31 March 2001

💰 Finance & Revenue
Financial Position, Assets, Liabilities, Investments, TSB Community Trust