✨ Financial Statements Notes
2554
NEW ZEALAND GAZETTE, No. 112
4 AUGUST 2009
Notes to the financial statements
9 Approved donations
The names of the organisations to whom distributions have been made by the Trust under section 13 of The Community Trust Act 1999 during the financial year and the amounts distributed are shown in the Annual Report.
Funds carried forward as accumulated income are available for the payment of donations in future years. Budgeted donations unspent in the current year are to be distributed in the following year.
The Trust has future commitments of donations where the donee must fulfil future obligations before the donation is payable. At 31 March 2009 these totalled $4,453,880 (2008: $3,268,760).
The trustees recognise that there is a need to ensure a fairness and equity between the regions as far as payments of donations are concerned in relation to budgetary allocations. The allocation of donations between regions is based on population statistics for each region.
Next Page →
NZ Gazette 2009, No 112
✨ LLM interpretation of page content
🏢
Notes to the financial statements of The Canterbury Community Trust
(continued from previous page)
🏢 State Enterprises & Insurance6 July 2009
Revenue, Dividends, Interest, Fair Value, Investment Fees, Expenses, Financial Reporting, Donations, Budget Allocations, Regional Equity