✨ Financial Statements Notes
NEW ZEALAND GAZETTE, No. 75
29 JUNE 2012
TSB Community Trust
Notes to the Financial Statements
For the year ended 31 March 2012
1. Statement of Accounting Policies
Reporting Entity
TSB Community Trust is a public benefit entity domiciled in New Zealand. It was established by trust deed dated 30 May 1988 and adopted a revised deed on 8 February 2001.
The nature of the Trust's operations is investment and application of the Trust funds for charitable purposes.
The financial statements of TSB Community Trust comply with the requirements of the Trust Deed and the Community Trust Act 1999.
These financial statements have been prepared in accordance with New Zealand Generally Accepted Accounting Practice (NZ GAAP). They comply with New Zealand equivalents to International Financial Reporting Standards (NZ IFRS) and other applicable Financial Reporting Standards, as appropriate for public benefit entities.
The financial statements were approved by the Trustees on 12 June 2012.
Change in Accounting Policies
The accounting policies have been consistently applied to all periods presented unless otherwise stated.
Standards and Interpretations Effective in the Current Period
- NZ IAS 24: Related Party Disclosures (revised 2009) - Effective 1 January 2011
- FRS-44: New Zealand Additional Disclosures - Effective 1 July 2011
- NZ IAS 26: Amendment to Accounting and reporting by Retirement Benefit Plans - Effective April 2011
- NZ IFRS 7: Financial Instruments – Appendix E - Effective 1 April 2011
- NZ IFRS 7: Amendment to Financial Instruments: Disclosure – Transfer of Financial Assets - Effective 1 July 2011
- NZ IFRIC 14: Prepayments of a Minimum Funding Requirement - Effective 1 January 2011
None of these standards have had any impact on the Trust's accounting policies.
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NZ Gazette 2012, No 75
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TSB Community Trust Financial Statements
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💰 Finance & Revenue12 June 2012
Financial statements, TSB Community Trust, Community Trusts Act 1999, Income, Expenditure, Cash Flow, Accounting Policies, NZ GAAP, NZ IFRS