✨ Community Trust Financial Statements
16 AUGUST
NEW ZEALAND GAZETTE
2333
The Community Trust
Community Trusts Act 1999
The Community Trust Consolidated Financial Statements for the Year Ended 31 March 2001
The Community Trust—Trust Directory for the Year Ended 31 of March 2001
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: R. H. Scott (Chair), J. M. McKendry, D. Close, P. Richardson, W. Dormer, P. Sigglekow, B. G. Hadlee, F. J. Smith, B. Lowe-Johnson, R. Todd, P. H. Malone, S. S. J. Wong
Trust Manager: 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, Merrill Lynch (formerly Mercury Asset Management), Towers Perrin.
Custodial Trustee: J P Morgan (formerly 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 31 March 2001
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 $139,975 (2000 $108,055).
Review of Results and Financial Position
The total distribution from the trust and charitable company was $19.0 million (2000 $15.9 million) (by way of donations) to community groups during the last 12 months.
Signed on behalf of the Board of Trustees:
Chairperson: R. H. SCOTT.
Trustee: W. DORMER.
Date: 28 May 2001.
The Community Trust Consolidated Statement of Financial Performance for the Year Ended 31 March 2001
| Note | 2001 | 2000 |
|---|---|---|
| Revenue | 7,171,127 | |
| 2 | Less investment fees | 2,106,611 |
| 2 | Less expenses | 1,053,692 |
| Net surplus before taxation | 4,010,824 | |
| Less retentions | ||
| 4 | Transfer to capital base reserve | 11,278,948 |
| Available for distribution | (7,268,124) | |
| 3 | Donations to tax approved entities | 12,076,139 |
| Net surplus/(deficit) transferred to trust funds | (19,344,263) |
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2001, No 90
Gazette.govt.nz —
NZ Gazette 2001, No 90
✨ LLM interpretation of page content
💰 Community Trust Consolidated Financial Statements for the Year Ended 31 March 2001
💰 Finance & RevenueFinancial Statements, Community Trust, Charitable Trust, Consolidated
💰 Community Trust Trust Directory for the Year Ended 31 March 2001
💰 Finance & RevenueTrust Directory, Trustees, Trust Manager, Accountants, Auditors
💰 Trustees’ Report for the Year Ended 31 March 2001
💰 Finance & Revenue28 May 2001
Trustees Report, Charitable Benefits, Financial Assistance, Remuneration
- R. H. Scott, Chairperson
- W. Dormer, Trustee
💰 Consolidated Statement of Financial Performance for the Year Ended 31 March 2001
💰 Finance & RevenueFinancial Performance, Revenue, Expenses, Donations