✨ Financial Statements
NEW ZEALAND GAZETTE, No. 125
21 AUGUST 2009
ASB COMMUNITY TRUST
STATEMENT OF FINANCIAL PERFORMANCE
FOR THE YEAR ENDED 31 MARCH 2009
| NOTE | 2009 $\000 | 2008 $\000 |
|---|---|---|
| REVENUE EARNED FROM: | ||
| Investments | 2 | (201,314) |
| Other Income | 2,862 | |
| Total Revenue for the year | (198,452) |
| LESS EXPENDITURE INCURRED | | |
| Fund Management, Custodian and Advisory Fees | 7 | (1,792) | (2,426) |
| Other Expenditure | | (4,240) | (3,661) |
| Grants committed during year | 5.1 | (33,643) | (60,603) |
| Grants written back during year | | 5,775 | 5,646 |
| NET (DEFICIT) SURPLUS FOR THE YEAR | | (232,352) | (41,759) |
STATEMENT OF MOVEMENT IN TRUST FUNDS
FOR THE YEAR ENDED 31 MARCH 2009
| Opening Balance 1 April 2008 $\000 | Transfers $\000 | Additions $\000 | Closing Balance 31 March 2009 $\000 | |
|---|---|---|---|---|
| Trust Capital: | ||||
| Original Capital | 579,106 | - | - | 579,106 |
| Capital Maintenance Reserve | 214,581 | 23,811 | - | 238,392 |
| Trust Capital | 793,687 | 23,811 | - | 817,498 |
| Reserves: | | | | |
| General Reserve | 6.2 | 225,000 | (225,000) | - |
| Community Innovation Reserve | 6.3 | - | - | - |
| Asset Revaluation Reserve | 6.4 | - | 892 | 892 |
| Retained (Deficit) Surplus | 6.5 | 2,308 | (31,163) | (28,855) |
| Reserves | 227,308 | | (31,163) | (27,963) |
| Trust Funds | 1,020,995 | | | 789,535 |
The notes to these financial statements form part of and should be read in conjunction with this Statement of Financial Performance and Statement of Movement in Trust Funds.
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NZ Gazette 2009, No 125
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ASB Community Trust Financial Statements
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💰 Finance & RevenueFinancial statements, Community Trusts Act 1999, ASB Community Trust