New Zealand Gazette – 2000 – No. 49

Page 1087

✨ Community Trust Financial Report



11 MAY
NEW ZEALAND GAZETTE
1087

The Community Trust

Community Trusts Act 1999

The Community Trust Consolidated Financial Statements for the Year Ended 31 March 2000

The Community Trust—Trust Directory for the year Ended the 31st day of March 2000

Trust Particulars:

The Community Trust was incorporated as a charitable trust in accordance with the provisions of the Trustee provisions of the Community Trusts Act 1999.

The purpose of The Community Trust is to provide charitable, cultural and philanthropic and recreational benefits to the community.

Date of Trust Deed: 30 May 1988.

Settlor: Minister of Finance.

Trustees: I. D. Howell (Chair), J. M. Mckendry, J. C. Bedwell, P. Richardson, W. Dormer, R. H. Scott, M. I. Gibb, J. Smith, B. G. Hadlee, M. W. Wisheart, P. H. Malone, S. S. J. Wong.

Administrator: W. Ward.

Accountants: Hadlee Kippenberger and Partners, P.O. Box 577, Christchurch (M. J. Hadlee).

Taxation Consultant: KPMG, P.O. Box 274, Christchurch (O. M. Wallis).

Auditors: PricewaterhouseCoopers, P.O. Box 13-244, Christchurch (J. A. Orr).

Fund Managers: Alliance Capital, AMP, Bankers Trust, Lazard Freres, Marvin and Palmer, Mercury Asset Management, Towers Perrin.

Custodial Trustee: The Chase Manhattan Bank.

Bankers: WestpacTrust.

Solicitors: Chapman Tripp Sheffield Young, P.O. Box 2510, Christchurch.

The Community Trust Trustees’ Report for the Year Ended 31st March 2000

Objectives of the Trust and Charitable Company subsidiary:

To provide charitable, cultural, philanthropic and recreational benefits to the communities of Canterbury, Marlborough and Nelson.

Policies and Structure of the Trust and Charitable Company subsidiary:

These organisations are structured to include community representatives from the three regions. Their policies are to manage and distribute their income and capital to the community they serve.

Activities of the Trust:

During the period under review the Trust and its charitable subsidiary have provided financial assistance to a wide range of community groups in Canterbury, Marlborough and Nelson. In addition to responding to applications for assistance these organisations have initiated several new projects of benefit to community groups.

Trustees’ Remuneration:

During the period the trustees of the Trust received fees of $108,055 (1999 $85,589).

Review of Results and Financial Position:

The total distribution from the Trust and Charitable Company was $15.9 million (1999 $17.5 million, including $1.8 million for millenium grants) donations to community groups during the last 12 months.

Signed on behalf of the Board of Trustees:

Chairperson: I. D. HOWELL

Trustee: R. H. SCOTT.

Date: 27 April 2000.

The Community Trust Consolidated Statement of Financial Performance for the Year Ended 31st March 2000

2000 1999
Revenue (Note 2) 40,606,532 40,706,906
Less Investment Fees (Note 2) 2,008,114 1,896,591
Less Expenses (Note 2) 1,119,907 1,071,299
Net surplus before taxation 37,478,511 37,739,016
Less retentions
Transfer to Capital Base Reserve (Note 4) 2,898,410 6,766,362
Available for distribution 34,580,101 30,972,654
Donations to tax approved entities (Note 3) 12,189,188 12,938,981
Net surplus transferred to trust funds 22,390,913 18,033,673


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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2000, No 49


Gazette.govt.nz — PDF NZ Gazette 2000, No 49




✨ LLM interpretation of page content

💰 The Community Trust Financial Statements and Trust Directory for the Year Ended 31 March 2000

💰 Finance & Revenue
27 April 2000
Community Trust, Financial Statements, Trustees, Charitable, Canterbury, Marlborough, Nelson
16 names identified
  • I. D. Howell, Chair of The Community Trust
  • J. M. McKendry, Trustee of The Community Trust
  • J. C. Bedwell, Trustee of The Community Trust
  • P. Richardson, Trustee of The Community Trust
  • W. Dormer, Trustee of The Community Trust
  • R. H. Scott, Trustee of The Community Trust
  • M. I. Gibb, Trustee of The Community Trust
  • J. Smith, Trustee of The Community Trust
  • B. G. Hadlee, Trustee of The Community Trust
  • M. W. Wisheart, Trustee of The Community Trust
  • P. H. Malone, Trustee of The Community Trust
  • S. S. J. Wong, Trustee of The Community Trust
  • W. Ward, Administrator of The Community Trust
  • M. J. Hadlee, Accountant for The Community Trust
  • O. M. Wallis, Taxation Consultant for The Community Trust
  • J. A. Orr, Auditor for The Community Trust

  • I. D. Howell, Chairperson
  • R. H. Scott, Trustee