New Zealand Gazette – 2006 – No. 82

Page 2599

✨ Community Trust Report



20 JULY 2006

NEW ZEALAND GAZETTE, No. 82

2599

General Section

The Canterbury Community Trust

Community Trusts Act 1999

The Canterbury Community Trust Directory for the Year Ended 31 March 2006

Trust Particulars: The Canterbury 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 Canterbury Community Trust is to provide charitable, cultural, philanthropic and recreational benefits to the community.

Date of Trust Deed: 30 May 1988.

Settlor: Minister of Finance.

Trustees: R. J. Todd (Chairperson), D. C. Close, B. C. Dent, A. C. Pitcher, F. M. Jessep, P. B. Lowe-Johnson, M. E. O’Connor, P. R. Taylor, E. M. Richards, P. J. Richardson, P. J. Sigglekow.

Trust Manager: W. P. Ward.

Accountants: Hadlee Kippenberger & Partners Limited, 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 (R. Harris).

Custodial Trustee: Trustees Executors.

Fund Investment Advisor: Forsyth Barr Funds Management.

Bankers: Westpac, P.O. Box 13-113, Christchurch.

Solicitors: Chapman Tripp Sheffield Young, P.O. Box 2510, Christchurch (J. L. Holland).

The Canterbury Community Trust Trustees’ Report for the Year Ended 31 March 2006

Objectives of the Trust and Charitable Company Subsidiary

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

Policies and Structure of the Trust and Charitable Company Subsidiary

These organisations are structured to include community representatives from the four 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, Nelson and the Chatham Islands. 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 $126,541 (2005 – $123,193).

Review of Results and Financial Position

The total distribution from the trust and charitable company was $15.390 million (2005 – $13.280 million) donations to community groups during the last 12 months.

Signed on behalf of the Board of Trustees:

Chairperson: BOB TODD.

Trustee: DAVID CLOSE.

Date: 29 May 2006.

The Canterbury Community Trust Consolidated Statement of Financial Performance for the Year Ended 31 March 2006

Note 2006 2005
Revenue 2 68,264,266 38,119,934
Less investment fees 2 951,255 1,158,150
Less expenses 2 1,077,268 1,026,764
Net surplus before retentions and donations 66,235,743 35,935,020
Less retentions:
Transfer to capital base reserve 4 14,658,200 11,538,595
Available for distribution 51,577,543 24,396,425
Donations to tax approved entities 3 12,525,583 10,838,176
Net surplus transferred to trust funds 39,051,960 13,558,249


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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2006, No 82


Gazette.govt.nz — PDF NZ Gazette 2006, No 82




✨ LLM interpretation of page content

🏢 Canterbury Community Trust Directory and Annual Report

🏢 State Enterprises & Insurance
29 May 2006
Charitable Trust, Community Benefits, Financial Report, Canterbury, Marlborough, Nelson, Chatham Islands
16 names identified
  • R. J. Todd, Chairperson of the Trust
  • D. C. Close, Trustee
  • B. C. Dent, Trustee
  • A. C. Pitcher, Trustee
  • F. M. Jessep, Trustee
  • P. B. Lowe-Johnson, Trustee
  • M. E. O’Connor, Trustee
  • P. R. Taylor, Trustee
  • E. M. Richards, Trustee
  • P. J. Richardson, Trustee
  • P. J. Sigglekow, Trustee
  • W. P. Ward, Trust Manager
  • M. J. Hadlee, Accountant
  • O. M. Wallis, Taxation Consultant
  • R. Harris, Auditor
  • J. L. Holland, Solicitor

  • Bob Todd, Chairperson
  • David Close, Trustee