✨ Waikato Community Trust Financial Report
10 AUGUST 2006
NEW ZEALAND GAZETTE, No. 95
Waikato Raupatu Lands Trust
3,000
Waitomo District Council
(37,000)
Total donations for the year
8,129,747
Represented by:
Donations paid from income
6,981,047
Donations paid from trust funds that existed at 31 March 2005
1,148,700
8,129,747
Of this amount, $7,177,747 has actually been paid to community groups during the year. The remainder of $952,000 represents donations which will be paid when it is clear to the trust that the project in question will proceed and/or any other conditions have been met.
Donations payable at balance date are:
For the 2005/2006 year
952,000
For previous years
521,500
1,473,500
Donation amounts appearing in brackets are donations that have been approved prior to 24 September 2005 and have subsequently been withdrawn.
- Conflicts of Interest
During the year, trustees and staff were required to declare when they had either a direct or indirect conflict of interest in a matter being considered by the trust. 102 such interests were recorded during the course of the year (2005 – 111) and a register of those conflicts is available for inspection at the trust.
- Subsequent Events
There are no matters or events that have arisen, or been discovered, subsequent to balance date that would require adjustment to, or disclosure in, these financial statements.
- Segmental Information
The Waikato Community Trust is a charitable trust which operates in the Waikato area.
- Meeting Attendance
The trust held 19 formal meetings during the year. The following table records each trustee’s attendances at these formal meetings:
| Trustee | Meeting Attendance | Remuneration $ |
|---|---|---|
| Hori Awa (chairperson) | 18 | 36,945 |
| Clint Baddeley | 19 | 15,180 |
| Christine Cave | 15 | 13,220 |
| Bernadette Doube | 13 | 11,820 |
| Bruce Hosking (investment committee chair) | 18 | 18,655 |
| Peta Karalus | 11 | 12,030 |
| Heeni Katipa | 11 | 7,550 |
| John Kilbride | 18 | 15,635 |
| Michael Law | 13 | 10,630 |
| Joyce Maipi | 15 | 12,905 |
| Tureiti Moxon | 14 | 11,330 |
| Hinerangi Raumati (deputy chair) | 15 | 19,496 |
| Glenda Saunders | 11 | 10,735 |
| Fee-Ching Tan | 19 | 17,245 |
| Total Remuneration | 213,376 |
In addition during the year, trustees took part in three Trust Waikato subcommittees, various training and development forums and community sector forums.
Trustees and trust staff were invited to 251 separate formal and informal meetings and functions. The trust was able to achieve representation at approximately 151 of these meetings and functions.
- NZ IFRS
The trust is required to adopt the New Zealand equivalents to International Financial Reporting Standards (NZ IFRS) no later than the year ending 31 March 2008.
The process of transition to NZ IFRS, including an independent assessment of the impacts of changes in the trust’s accounting policies was commenced during the year ended 31 March 2006. It is anticipated that this process will be completed early in the 2006/2007 financial year.
The key differences in accounting policies that are expected to arise from adopting NZ IFRS were not known at 31 March 2006.
The impact of adopting NZ IFRS may materially affect the reported financial performance and financial position presented in future financial reports of the trust.
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2006, No 95
Gazette.govt.nz —
NZ Gazette 2006, No 95
✨ LLM interpretation of page content
💰
Donations by Waikato Community Trust
(continued from previous page)
💰 Finance & RevenueDonations, Community Trust, Waikato Times
💰 Financial Report of Waikato Community Trust
💰 Finance & RevenueFinancial Report, Donations, Trust Funds, Waikato Community Trust
💰 Trustee Meeting Attendance and Remuneration
💰 Finance & RevenueTrustees, Meeting Attendance, Remuneration, Waikato Community Trust
14 names identified
- Hori Awa, Trustee and Chairperson
- Clint Baddeley, Trustee
- Christine Cave, Trustee
- Bernadette Doube, Trustee
- Bruce Hosking, Trustee and Investment Committee Chair
- Peta Karamus, Trustee
- Heeni Katipa, Trustee
- John Kilbride, Trustee
- Michael Law, Trustee
- Joyce Maipi, Trustee
- Tureiti Moxon, Trustee
- Hinerangi Raumati, Trustee and Deputy Chair
- Glenda Saunders, Trustee
- Fee-Ching Tan, Trustee
💰 Adoption of NZ IFRS by Waikato Community Trust
💰 Finance & RevenueNZ IFRS, Accounting Standards, Waikato Community Trust