✨ Community Trust Financial Report
West Coast Community Trust
Statement of Accounting Policies & Notes
for the Year Ended 31 March 2010
Trustee Attendance – Meetings
| Name of Trustee | Board Meetings Held | Attended | Honorarium and Meeting Fees |
|---|---|---|---|
| Peter Kerridge | 2 | 2 | 4,750 |
| Dennis Straker | 4 | 4 | 3,645 |
| John Sturgeon | 4 | 4 | 2,350 |
| Rowan Sullivan | 4 | 4 | 2,350 |
| Elizabeth Rock | 4 | 4 | 2,350 |
| Eunice Brown | 4 | 4 | 2,350 |
| Mark Lockington | 4 | 4 | 2,350 |
| Carol Keoghan | 4 | 3 | 2,100 |
| Anthony Sullivan | 4 | 3 | 1,675 |
| Mary Molloy | 2 | 2 | 675 |
Total remuneration paid in the year ended 31 March 2010 $24,595
Rates of remuneration, including honoraria and meeting fees, are set by the Minister of Finance.
The Trust has also insured all trustees against liability to other parties that may arise from their position as trustees, excluding liability for gross negligence or criminal actions.
Appointment and Retirement
Peter Kerridge Resigned on 30 September 2009 and Mary Molloy was Appointed on the same date.
7. TRUST FUNDS
Although the trust does not maintain an inflation reserve, it does seek to maintain the trust capital in real terms.
The trust calculates that an amount of $1,784,227 is required to be retained to stabilise the original $3m fund from inflation. Our current retained earnings is $2,405,052 which leaves $620,825 as the growth of the trust in real terms.
Next Page →
NZ Gazette 2010, No 106
✨ LLM interpretation of page content
💰
West Coast Community Trust Financial Statements
(continued from previous page)
💰 Finance & RevenueFinancial statements, Community Trusts Act 1999, West Coast Community Trust, Financial Performance, Financial Position, Trustee Attendance, Remuneration, Trust Funds
10 names identified
- Peter Kerridge, Trustee attendance and resignation
- Dennis Straker, Trustee attendance
- John Sturgeon, Trustee attendance
- Rowan Sullivan, Trustee attendance
- Elizabeth Rock, Trustee attendance
- Eunice Brown, Trustee attendance
- Mark Lockington, Trustee attendance
- Carol Keoghan, Trustee attendance
- Anthony Sullivan, Trustee attendance
- Mary Molloy, Trustee attendance and appointment