New Zealand Gazette – 2008 – No. 131

Page 3424

✨ Community Trust Report



3424 NEW ZEALAND GAZETTE, No. 131 21 AUGUST 2008

The Canterbury Community Trust

Community Trusts Act 1999

The Canterbury Community Trust

The Canterbury Community Trust Directory for the Year Ended 31 March 2008

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 and philanthropic and recreational benefits to the community.

Date of Trust Deed: 30 May 1988.

Settlor: Minister of Finance.

Trustees: R. J. Todd (chair), M. E. O’Connor, D. C. Close, R. K. Tankersley, B. C. Dent, E. M. Richards, M. J. Richardson, S. M. Thompson, F. M. Jessep, P. J. Sigglekow, P. B. Lowe-Johnson and R. J. Dally.

Trust Manager: W. P. Ward.

Financial Advisers: Hadlee Kippenberger & Partners Limited, PO Box 577, Christchurch (M. J. Hadlee).

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

Auditors: PricewaterhouseCoopers, PO Box 13244, Christchurch (R. Harris).

Custodial Trustee: Trustees Executors.

Fund Investment Adviser: Forsyth Barr Funds Management.

Bankers: Westpac, PO Box 13113, Christchurch.

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

The Canterbury Community Trust Trustees’ Report for the Year Ended 31 March 2008

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 $139,517 (2007 – $130,221).

Review of Results and Financial Position

The total distribution from the trust and charitable company was $20.466 million (2007 – $15.078 million) donations to community groups during the last 12 months.

Signed on behalf of the board of trustees:

B. C. DENT, Chair.
R. J. TODD, Trustee.

Date: 28 July 2008.

Balance Sheet as at 31 March 2008 in New Zealand Dollars ($000s)

Note Group 2008 Group 2007
Assets:
Property, plant and equipment 10 1,415 1,449
Investment property 11 27,018 15,285
Financial assets 12 2,615 2,242
Total non-current assets 31,048 18,976
Trade and other receivables 14 699 916
Cash and cash equivalents 15 259 668
Other financial assets 12 499,532 533,315
Total current assets 500,490 534,899
Total assets 531,538 553,875
Trust funds:
Core real capital base reserve 16 371,422 371,422
Capital base reserve 16 103,830 87,759
Accumulated income reserve 16 50,681 91,650
Total trust funds 525,933 550,831


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Gazette.govt.nz — PDF NZ Gazette 2008, No 131




✨ LLM interpretation of page content

🏢 Canterbury Community Trust Directory and Report for the Year Ended 31 March 2008

🏢 State Enterprises & Insurance
28 July 2008
Trust, Charity, Financial Report, Canterbury, Community Benefits
17 names identified
  • R. J. Todd, Chair of the Trust
  • M. E. O’Connor, Trustee
  • D. C. Close, Trustee
  • R. K. Tankersley, Trustee
  • B. C. Dent, Trustee
  • E. M. Richards, Trustee
  • M. J. Richardson, Trustee
  • S. M. Thompson, Trustee
  • F. M. Jessep, Trustee
  • P. J. Sigglekow, Trustee
  • P. B. Lowe-Johnson, Trustee
  • R. J. Dally, Trustee
  • W. P. Ward, Trust Manager
  • M. J. Hadlee, Financial Adviser
  • O. M. Wallis, Taxation Consultant
  • R. Harris, Auditor
  • J. L. Holland, Solicitor

  • B. C. Dent, Chair
  • R. J. Todd, Trustee