✨ Financial Statements
NEW ZEALAND GAZETTE, No. 84
26 JULY 2007
TSB Community Trust
Community Trusts Act 1999
TSB Community Trust
Statement of Financial Performance for the Year Ended 31 March 2007
| Notes | 2007 $ | 2006 $ |
|---|
Income
Dividends | 7,800,000 | 7,000,000 |
Interest | 358,350 | 376,812 |
| 8,158,350 | 7,376,812 |
Expenses
Audit fees | 10,693 | 9,000 |
Trustee honoraria | 80,307 | 79,672 |
Trustee expenses | 11,679 | 12,182 |
Other expenses | 265,319 | 246,267 |
Depreciation | 31,403 | 28,679 |
Total expenses | 399,401 | 375,800 |
Net surplus | 7,758,949 | 7,001,012 |
Donations during current year | 9,351,006 | 6,510,987 |
Net surplus (deficit) transferred to equity | (1,592,057) | 490,025 |
Statement of Movements in Equity for the Year Ended 31 March 2007
| 2007 $ | 2006 $ |
|---|
Net surplus (deficit) | (1,592,057) | 490,025 |
Balance retained as trustees' income added to equity | (1,592,057) | 490,025 |
Equity at start of year | 18,044,490 | 17,554,465 |
| 16,452,433 | 18,044,490 |
Statement of Financial Position as at 31 March 2007
| Notes | 2007 $ | 2006 $ |
|---|
Trust equity | 2 | 16,452,433 | 18,044,490 |
Current liabilities:
Accrued charges | 55,656 | 54,025 |
Donations payable | 842,893 | 1,891,380 |
| 898,549 | 1,945,405 |
Total equity and liabilities | 17,350,982 | 19,989,895 |
Current assets:
Petty cash | 50 | 54 |
TSB Cheque Account | 151,459 | 47,517 |
Dividend receivable | 5,595,000 | 4,975,000 |
Accrued interest | 14,951 | 62,875 |
| 5,761,460 | 5,085,446 |
Non current assets:
Property, plant and equipment as per schedule (at book value) | 3 | 39,522 | 54,449 |
Investments | 4 | 11,550,000 | 14,850,000 |
Total assets | 17,350,982 | 19,989,895 |
For and on behalf of the trustees:
COLLEEN TUUTA.
21 June 2007.
KEMP BROUGHTON.
10 July 2007.
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2007, No 84
Gazette.govt.nz —
NZ Gazette 2007, No 84
✨ LLM interpretation of page content
💰 TSB Community Trust Financial Statements for the Year Ended 31 March 2007
💰 Finance & Revenue21 June 2007
Financial Performance, Income, Expenses, Equity, Assets, Liabilities, Trustees
- COLLEEN TUUTA
- KEMP BROUGHTON