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Statement of trust monies for the year ended 30 June 2011

Statement of Trust Monies for the year ended 30 June 2011

The following trust money was administered on behalf of the Crown under Part VII of the Public Finance Act 1989. The statement shows the opening and closing trust balances, including bank and investments at cost, and the movements during the year.

Under the Public Finance Act 1989, and by delegation from the Secretary to the Treasury, trust money can only be invested on deposit with New Zealand registered banks or in New Zealand Government Stock. Trust money is also managed so that there is no significant concentration of credit risk. Interest-rate risk is managed by investing across a wide range of maturity dates, subject to liquidity requirements.

 

 

Opening Balance

2010/11

$000

Contributions

$000

Distributions

$000

Revenue

$000

Expenditure

$000

Closing Balance 2010/11

$000

New Zealand Historical Atlas

122

-

-

5

-

127

New Zealand History Research

1,503

-

(162)

32

-

1,373

New Zealand Oral History Awards

1,689

-

(150)

75

(1)

1,613

Dictionary of New Zealand Biography

143

-

-

2

(71)

74

War History

1,025

-

-

51

(28)

1,048

Total

4,482

-

(312)

165

(100)

4,235

 

New Zealand Historical Atlas Trust

This trust was established to hold New Zealand Lottery Grants Board funds, donations and royalties from sales to be used for the production of the New Zealand Historical Atlas and subsidiary volumes. In 2010/11 the Trust earned $5,000 in royalties and interest (2009/10: $9,000).

New Zealand History Research Trust

This trust was established to hold New Zealand Lottery Grants Board funds to be used to make awards to individuals and groups for historical research and writing projects. During the 2010/11 financial year 11 awards were distributed for a total of $162,000. (2009/10: 11 awards; $88,000).

New Zealand Oral History Awards (formerly the Australian Sesquicentennial Gift Trust for Awards in Oral History)

This trust was established to hold funds from the Government of the Commonwealth of Australia, gifted to New Zealand in 1990 specifically to gather oral histories of importance to this country. The income from these funds is used to promote oral history in New Zealand and the name of this trust was changed during the year to reflect the purpose of the funds. During the 2010/11 financial year, 14 awards were made for a total of $120,110. (2009/10: 8 awards; $94,738).

Dictionary of New Zealand Biography Trust

This trust was established to hold funds from the New Zealand Lottery Grants Board, sales of publications, and private sponsorship or fundraising for the production of the Dictionary of New Zealand Biography and subsidiary volumes.

War History Trust

This trust was established to hold funds bequeathed to the Ministry by the estate of Mr J B B Watson, a long-time supporter of research into New Zealand’s military history. The funds and any interest income are to be used for the researching and writing of works on New Zealand’s involvement in overseas conflicts. In 2010/11 the trust earned $51,000 in interest (2009/10: 43,000).


Updated on 23rd July 2015