New Zealand Gazette – 2002 – No. 81

Page 2173

✨ Community Trust Financial Statements



18 JULY

NEW ZEALAND GAZETTE

2173

– give a true and fair view of the financial position of the trust and subsidiaries as at 31 March 2002 and their financial
performance and cash flows for the year ended on that date.

Our audit was completed on 27 May 2002 and our unqualified opinion is expressed as at that date.

PRICEWATERHOUSECOOPERS, Chartered Accountants, Christchurch, New Zealand.

–––––––––––––––

A full list of all distributions of income by way of donations for the year ended 31 March 2002 is available from the trust’s
office on request.

gs4699

TSB Community Trust

Community Trusts Act 1999

TSB Community Trust

Statement of Financial Performance for the Year Ended 31 March 2002

Notes

Revenue:
Dividend from TSB Bank Ltd
Interest received
Other income
Operating revenue

Expenses:
Audit fees
Trustees’ honoraria
Trustees’ expenses
Other expenses
Depreciation
Operating expenses
Funds available for distribution
Donations during the year
Net surplus/(deficit) before taxation
Taxation expense
Net surplus/(deficit) after taxation

2

4

2002
$

2001
$

3,585,000
93,826
550
3,679,376

2,050,000
63,332
1,250
2,114,582

1,716
53,460
9,630
71,404
1,640
137,850
3,541,526
3,341,400
200,126
–
200,126

1,596
47,834
5,955
52,489
789
108,663
2,005,919
1,829,050
176,869
–
176,869

2002
$

2001
$

100
10,000,000
10,000,100
948,903
10,949,003

100
10,000,000
10,000,100
748,777
10,748,777

134
10,849
14,949
25,932

36
55,591
7,602
63,229

17,860
213,400
(205,328)
4,331

18,223
–
45,006
3,871

10,000,000
1,050,000

10,000,000
700,000

Statement of Financial Position as at 31 March 2002

Notes

Accumulated funds:
Capital
Initial gift

1

Retained funds
Total funds
Represented by—
Current assets:
Petty cash
TSB Bank Limited
Accrued interest
Less current liabilities:
Accrued charges
Donations payable
Working capital
Fixed assets
Investments:
Shares in TSB Bank Limited
TSB Bank Ltd investments

7
1



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2002, No 81


Gazette.govt.nz — PDF NZ Gazette 2002, No 81




✨ LLM interpretation of page content

💰 Auditors' Report to the Trustees of The Community Trust (continued from previous page)

💰 Finance & Revenue
27 May 2002
Audit report, financial statements, trustees' responsibilities, auditors' responsibilities, unqualified opinion, accounting records, financial position, financial performance, cash flows
  • PRICEWATERHOUSECOOPERS, Chartered Accountants

💰 TSB Community Trust Financial Performance Statement

💰 Finance & Revenue
Financial performance, revenue, expenses, donations, surplus, taxation, TSB Bank Ltd, Community Trusts Act 1999

💰 TSB Community Trust Financial Position Statement

💰 Finance & Revenue
Financial position, accumulated funds, current assets, liabilities, investments, TSB Bank Limited