✨ Financial Statements Notes
6 JULY 2011 NEW ZEALAND GAZETTE, No. 94 2771
THE COMMUNITY TRUST OF WELLINGTON
Notes to the Financial Statements
For the Twelve Months Ended 31 March 2011
12. Commitments
(a) Donations
As at 31 March 2011 The Community Trust of Wellington had the following commitments:
| 2011 | 2010 | |
|---|---|---|
| Less than One Year | 285,000 | 250,500 |
| Between One and Five Years | 200,000 | 200,000 |
| Total | 485,000 | 450,500 |
(b) Lease Commitments
Commitments existed for non cancellable operating leases as follows:
| 2011 | 2010 | |
|---|---|---|
| Less than One Year | 152,000 | 154,924 |
| Between One and Five Years | 50,097 | 199,173 |
| More than Five Years | - | - |
| Total | 202,097 | 354,097 |
The premises lease expired on 10 July 2009 with a right of renewal for three years to 10 July 2012. On the 4 May 2009 the right of renewal was accepted. The sublease for Property Pack (Wellington) Ltd expired on 9 July 2009 and was extended through to July 2012 on 7 May 2010.
The total of future minimum sublease payments expected to be received under non-cancellable subleases as at 31 March 2011 is 563,420.
(c) Capital Commitments
There are no capital commitments as at 31 March 2011 (2010: $Nil).
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NZ Gazette 2011, No 94
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Notes to the Financial Statements of The Community Trust of Wellington
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💰 Finance & Revenue3 June 2011
Financial Statements, Credit Risk, Currency Risk, Interest Rate Risk, Contingent Liabilities, Wellington