Financial Update and Trust Fund Allocation Summary 2021-2022
Discover the detailed financial update for the year July 1, 2021, to June 30, 2022, including profit and loss statements, balance sheets, and the allocation and disbursement of Pynu Trust funds. Gain insights into income, expenses, assets, liabilities, and equity, and understand how the funds were distributed and disbursed throughout the year.
Download Presentation
Please find below an Image/Link to download the presentation.
The content on the website is provided AS IS for your information and personal use only. It may not be sold, licensed, or shared on other websites without obtaining consent from the author. If you encounter any issues during the download, it is possible that the publisher has removed the file from their server.
You are allowed to download the files provided on this website for personal or commercial use, subject to the condition that they are used lawfully. All files are the property of their respective owners.
The content on the website is provided AS IS for your information and personal use only. It may not be sold, licensed, or shared on other websites without obtaining consent from the author.
E N D
Presentation Transcript
Financial Update for the Year 1 July 2021 to 30thJune 2022
Ruguupyne Ruguupyne Profit and Loss Profit and Loss as at 30 as at 30th th June 2022 June 2022 Item Income Native Title Payments Notice Assessment fees/Monitoring Total Income Expenses Accounting Fees Wages & payroll Net Trust Disbursements Total Net Profit / Item Income Amount Amount 68,891 1,530 70,421 Total Income 70,421 Expenses (2,640) (983) (66,251) (69,874) 547 Total Expenses Expenses (Loss) (69,874) 547 Net Profit / (Loss)
Ruguupyne Item Assets Cash at Bank Accrued Income Ruguupyne Balance Sheet Item Assets Balance Sheet as at 30 as at 30th th June 2022 June 2022 Balance Balance 114,983 34,645 Total Assets Total Assets 149,628 149,628 Liabilities Trade Creditors PYNU Trust unallocated (to be allocated in 21/22) Trust Administration Trust Parry Descent Group Trust Peter Descent Group Trust Alec Red Beach Descent Group Sub Total Liabilities NET ASSETS Equity Retained Earnings Current Year (2020/21) Earnings TOTAL Liabilities 3,974 34,645 6,822 7,744 4,208 12,146 65,565 Sub- -Trust Total Liabilities Trust Liabilities Liabilities 65,565 69,539 80,089 69,539 80,089 NET ASSETS Equity 79,542 547 TOTAL EQUITY EQUITY 80,089 80,089
How Pynu Trust funds were allocated and disbursed in 2021/22 Year ending 30 June 2022 Year ending 30 June 2022 Admin Admin Alec Red Beach DG 11,982 Alec Red Beach DG 11,982 Parry DG Parry DG Peter DG Peter DG Total Total Opening Bal Trust 5,304 5,304 (339) (339) 31,982 31,982 48,929 48,929 Distribution for year 6,729 20,189 20,189 20,189 67,296 Total Total Funds available Funds available 12,033 12,033 32,171 32,171 19,850 19,850 52,171 52,171 116,225 116,225 Disbursements Accounting Fees (2,640) - - - (2,640) (2,640) Trust Applications - (20,024) (20,024) (12,105) (12,105) (47,963) (47,963) (80,092) (80,092) Other Expenses (2,571) (2,571) (2,571) Total Disbursements Total Disbursements (5,211) (5,211) (20,024) (20,024) (12,105) (12,105) (47,963) (47,963) (85,303) (85,303) Net Surplus / (Deficit) Net Surplus / (Deficit) 6,822 6,822 12,147 12,147 7,745 7,745 4,208 4,208 30,922 30,922
PYNU Trust PYNU Trust - - Native Title Payments Native Title Payments Receipts accounted for and distributed 21/22 Receipts accounted for and distributed 21/22 Date July 2021 Date Details Native Title Compensation for Council Acts - Clause 25.1 of the Mapoon ILUA Details Amount Amount 33,050 13,183 14,766 6,296 67,295 September 2021 Clause 15.1 Home Ownership Notice (Lot 12 on SP313351) December 2021 Clause 34.3 (Development lease on Lot 172 on SP321486) June 2022 Clause 15.1 Home Ownership Notice (Lot 153 on SP313351) Total Total Receipts Receipts 67,295
PYNU Trust PYNU Trust - - Native Title Payments received or due June 2022 Native Title Payments received or due June 2022 Initial distribution for 22/23 Initial distribution for 22/23 Date June 2022 Date Details Native Title Compensation for Council Acts - Clause 25.1 of the Mapoon ILUA Total Details Amount Amount 34,645 34,645 Total Receipts Receipts 34,645 PYNU Trust Liabilities Account as at 01/07/2022 (available for distribution in 2022/23) PYNU Trust Liabilities Account as at 01/07/2022 (available for distribution in 2022/23) 21/22 Closing Bal 12,146 21/22 Closing Bal 22/23 Initial Dist n 10,394 22/23 Initial Dist n Funds Available July 2022 Funds Available July PYNU TRUST PYNU TRUST 2022 Alec Red Beach Descent Group (30%) 22,540 Parry Descent Group (30%) Peter Descent Group (30%) 7,744 4,208 10,393 10,393 18,137 14,601 Administration Budget (10%) 6,822 3,465 10,287 Funds available to distribution Funds available to distribution - -22/23 22/23 30,920 30,920 34,645 34,645 65,565 65,565
