✨ Financial Statements
NEW ZEALAND GAZETTE, No. 91
3 AUGUST 2006
TSB Community Trust
Community Trusts Act 1999
TSB Community Trust
Statement of Financial Performance for the Year Ended 31 March 2006
| Notes | 2006 $ | 2005 $ |
|---|
Income
Dividends | 7,000,000 | 6,265,000
Interest | 376,813 | 259,573
| 7,376,813 | 6,524,573
Expenses
Audit fees | 9,000 | 9,096
Trustee honoraria | 79,672 | 74,747
Trustee expenses | 12,182 | 13,842
Other expenses | 246,268 | 188,494
Depreciation | 28,679 | 24,711
Total expenses | 375,801 | 310,889
Net surplus | 7,001,012 | 6,213,684
Donations during current year | 6,510,987 | 4,576,714
Suspension of loan | – | 100,000
Net surplus transferred to equity | 490,025 | 1,536,969
Statement of Movements in Equity for the Year Ended 31 March 2006
| 2006 $ | 2005 $ |
|---|
Net surplus | 490,025 | 1,536,969
Balance retained as trustees’ income added to equity | 490,025 | 1,536,969
Equity at start of year | 17,554,465 | 16,017,496
| 18,044,490 | 17,554,465
Statement of Financial Position as at 31 March 2006
| Notes | 2006 $ | 2005 $ |
|---|
Trust equity | 18,044,490 | 17,554,465
Current liabilities:
Accrued charges | 54,026 | 52,406
Donations payable | 1,891,380 | 546,200
| 1,945,406 | 598,606
Total equity and liabilities | 19,989,895 | 18,153,071
Current assets:
Petty cash | 54 | 195
Bank | 47,517 | 84,787
Dividend receivable | 4,975,000 | 4,515,000
Accrued interest | 62,875 | 50,313
| 5,085,446 | 4,650,295
Non current assets:
Property, plant and equipment as per schedule (at book value) | 54,449 | 72,776
Investments | 14,850,000 | 13,430,000
Total assets | 19,989,895 | 18,153,071
For and on behalf of the trustees:
COLLEEN TUUTA. 5 July 2006.
KEMP BROUGHTON. 5 July 2006.
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2006, No 91
Gazette.govt.nz —
NZ Gazette 2006, No 91
✨ LLM interpretation of page content
💰 Financial Statements of TSB Community Trust
💰 Finance & Revenue5 July 2006
Financial Performance, Movements in Equity, Financial Position, Trustees, Donations
- COLLEEN TUUTA, Trustee
- KEMP BROUGHTON, Trustee