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Note 6.2: Trust Money Controlled by the Library

The NLA operates a number of trust funds to account for donations and income from the application of donated funds. These funds operate under formal trust arrangements; are only able to be used in accordance with the terms of trusts, which are for the purposes of the NLA; and these moneys are also recognised in the primary financial statements. The following is a brief comment on each fund currently in operation:

2019

2018

$'000

$'000

(a)

The Morris West Trust Fund was funded by the author Morris West. The fund is used for the publication of material owned by the NLA.

Balance carried forward from previous year

597

577

Receipts during the year

-

-

Interest received

13

20

Available for payments

610

597

Payments made

-

-

Balance carried forward to next year

610

597

(b)

The General Trust Fund comprises donations received for general purposes or where no purpose is specified by the donor.

Balance carried forward from previous year

5,749

5,223

Receipts during the year

677

1,157

Interest received

119

162

Available for payments

6,545

6,542

Payments made

(5)

(793)

Balance carried forward to next year

6,540

5,749

(c)

The Kenneth Baillieu Myer Trust is a bequest from the late Kenneth Baillieu Myer for the purposes of the Kenneth Myer Annual Oration as held by the NLA and for such other purpose as may be considered appropriate by the Director-General.

Balance carried forward from previous year

56

35

Receipts during the year

20

20

Interest received

1

1

Available for payments

77

56

Payments made

(20)

-

Balance carried forward to next year

57

56

(d)

The E.A. & V.I. Crome Trust is a bequest by the late E.A. Crome for the maintenance of and addition to the E.A. & V.I. Crome collection.

Balance carried forward from previous year

101

98

Receipts during the year

-

-

Interest received

2

3

Available for payments

103

101

Payments made

-

-

Balance carried forward to next year

103

101

(e)

The Acquisition Trust Fund comprises donations received specifically for the acquisition of library material.

Balance carried forward from previous year

1,465

1,417

Receipts during the year

-

-

Interest received

33

48

Available for payments

1,498

1,465

Payments made

-

-

Balance carried forward to next year

1,498

1,465

(f)

The H.S. Williams Trust is a bequest from the late Harold S. Williams for the maintenance of and addition to the H.S. Williams collection.

Balance carried forward from previous year

349

386

Receipts during the year

88

73

Interest received

7

11

Available for payments

444

470

Payments made

(16)

(121)

Balance carried forward to next year

428

349

(g)

The Dame Mary Gilmore Trust is a bequest from the late Dame Mary Gilmore for the maintenance, preservation and protection of the Dame Mary Gilmore diaries.

Balance carried forward from previous year

21

20

Receipts during the year

-

-

Interest received

-

1

Available for payments

21

21

Payments made

-

-

Balance carried forward to next year

21

21

(h)

The Ray Mathew and Eva Kollsman Trust is a bequest from the late Eva Kollsman to encourage Australian writers to work on or with the National Collection; for the acquisition and indexing of the works and papers of Australian writers as part of the National Collection; or to promote Australian writing through publications, exhibitions and public events.

Balance carried forward from previous year

992

1,148

Receipts during the year

-

-

Interest received

22

39

Available for payments

1,014

1,187

Payments made

-

(195)

Balance carried forward to next year

1,014

992