✨ Financial Statements
2336
NEW ZEALAND GAZETTE
No. 90
2. Revenue and Expenses
Revenue:
Rents received
Interest received
Investment income
Commissions received
2001
413,263
113,511
6,621,385
22,968
7,171,127
2000
314,909
45,753
40,245,870
–
40,606,532
Investment fees:
Fund managers fees
Custodial fees
Advisory fees
2001
1,540,191
373,703
192,717
2,106,611
2000
1,472,610
351,733
83,771
2,008,114
Expenses:
Advertising, public relations, distribution and other costs
Computer and system review costs
Depreciation, loss on sale and depreciation recovered
Professional fees
Property costs
Salaries and staff recruiting fees
Trustees fees
2001
272,424
18,719
219,838
150,077
41,466
211,193
139,975
1,053,692
2000
324,437
15,687
179,446
172,275
23,305
296,702
108,055
1,119,907
3. Donations
The names of organisations to whom distributions have been made by the trust under section 13 of Community Trusts Act 1999 during the financial year and the amounts distributed are shown in the annual report.
Donations paid from income
Donations paid from capital
(Includes prior year adjustments for cancellation, refunds, etc.)
Future commitments
Donations approved from income
Donations approved from capital
Donations approved for year
2001
12,076,139
6,962,273
19,038,412
614,975
14,375,358
9,416,993
23,792,351
2000
12,189,188
3,716,451
15,905,639
39,375
12,189,188
3,716,451
15,905,639
Funds carried forward as accumulated income are available for the payment of donations in future years.
Budgeted donations unspent in the current year are to be distributed in the following year.
Future donation commitments represent donations approved in the current or previous years which are to be distributed from either capital or future income sources.
The directors recognise that there is a need to ensure a fairness and equity between the regions as far as payments of donations are concerned in relation to budgetary allocations.
4. Trust Funds
Core real capital base reserve:
Balance brought forward
Donations paid from capital
Transfer from accumulated income reserve
2001
358,000,000
(6,962,273)
6,962,273
358,000,000
2000
358,000,000
(3,716,451)
3,716,451
358,000,000
Accumulated income reserve:
Balance brought forward
Net surplus/(deficit) for year
Transfer to core real capital base reserve
Donations transferred to reserves
Adjustment to capital base reserve
2001
96,746,996
(19,344,262)
(6,962,273)
–
(2,580,000)
67,860,460
2000
57,672,167
22,390,913
(3,716,451)
26,250
20,374,117
96,746,996
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2001, No 90
Gazette.govt.nz —
NZ Gazette 2001, No 90
✨ LLM interpretation of page content
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Notes to the Financial Statements for the Year Ended 31 March 2001
(continued from previous page)
💰 Finance & RevenueRevenue, Expenses, Donations, Trust Funds, Financial Statements