✨ Financial Statements Notes
THE COMMUNITY TRUST OF WELLINGTON
Notes to the Financial Statements
For the Twelve Months Ended 31 March 2010
13. Related Party Transactions
The Community Trust of Wellington has a code of conduct and a register of interests in regard to related party transactions. The code of conduct requires Trustees and management to declare any interests in transactions that the Trust may undertake. The following grants were made in respect of related party transactions.
| 2010 $\ | 2009 $\ | |
|---|---|---|
| Frances Russell | ||
| NZ Affordable Art Trust | 15,000 | 15,000 |
Frances Russell is the Executive Director of The Community Trust of Wellington and also a Trustee of The Affordable Art Trust.
Frances’ daughter, Carla Russell, is the executive director of The Affordable Art Trust. Carla is also the owner of Smudge Ink which is a trading partner of The Community Trust of Wellington.
| 2010 $\ | |
|---|---|
| Richard Fernyhough | |
| Gifted Children’s Advancement Charitable Trust | 10,000 |
| Friends of Mana Island | 5,000 |
Richard Fernyhough is a Trustee of the The Community Trust of Wellington. He is also a Trustee of the Gifted Children Advancement Charitable Trust as well as being a member of Friends of Mana Island.
Richard also provided limited accounting assistance to the Changemakers Refugee Forum.
| 2010 $\ | |
|---|---|
| Karen Sagaga | |
| Duke of Edinburgh’s Hillary Award | 3,500 |
Karen Sagaga is a Trustee of the Community Trust of Wellington and is also a trustee of the Duke of Edinburgh’s Hillary Award.
Karen Sagaga is also a Trustee of the Wainuiomata JEDI Trust. The Community Trust undertakes contract work for this trust.
14. Subsequent Events
No subsequent event has occurred since balance date that would materially impact the financial statements as at 31 March 2010.
NZ Gazette 2010, No 81
✨ LLM interpretation of page content
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Notes to the Financial Statements of the Community Trust of Wellington
(continued from previous page)
💰 Finance & RevenueFinancial Statements, Notes, Related Party Transactions, Grants, Trustees
- Frances Russell, Executive Director and Trustee
- Carla Russell, Executive Director and Owner
- Richard Fernyhough, Trustee and Member
- Karen Sagaga, Trustee