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:
2020 | 2019 | ||
$’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 | 610 | 597 | |
Receipts during the year | - | - | |
Interest received | 12 | 13 | |
Available for payments | 622 | 610 | |
Payments made | (2) | - | |
Balance carried forward to next year | 620 | 610 | |
(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 | 6,540 | 5,749 | |
Receipts during the year | 777 | 677 | |
Interest received | 93 | 119 | |
Available for payments | 7,410 | 6,545 | |
Payments made | (475) | (5) | |
Balance carried forward to next year | 6,935 | 6,540 | |
(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 | 57 | 56 | |
Receipts during the year | 25 | 20 | |
Interest received | - | 1 | |
Available for payments | 82 | 77 | |
Payments made | - | (20) | |
Balance carried forward to next year | 82 | 57 | |
(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 | 103 | 101 | |
Receipts during the year | - | - | |
Interest received | 2 | 2 | |
Available for payments | 105 | 103 | |
Payments made | - | - | |
Balance carried forward to next year | 105 | 103 | |
(e) | The Acquisition Trust Fund comprises donations received specifically for the acquisition of library material. | ||
Balance carried forward from previous year | 1,498 | 1,465 | |
Receipts during the year | - | - | |
Interest received | 28 | 33 | |
Available for payments | 1,526 | 1,498 | |
Payments made | - | - | |
Balance carried forward to next year | 1,526 | 1,498 | |
(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 | 428 | 349 | |
Receipts during the year | 83 | 88 | |
Interest received | 5 | 7 | |
Available for payments | 516 | 444 | |
Payments made | (139) | (16) | |
Balance carried forward to next year | 377 | 428 | |
(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 | 21 | |
Receipts during the year | - | - | |
Interest received | - | - | |
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 | 1,014 | 992 | |
Receipts during the year | - | - | |
Interest received | 20 | 22 | |
Available for payments | 1,034 | 1,014 | |
Payments made | - | - | |
Balance carried forward to next year | 1,034 | 1,014 | |
Visit
https://www.transparency.gov.au/annual-reports/national-library-australia/reporting-year/2019-20-41