✨ Financial Statements
2772 NEW ZEALAND GAZETTE, No. 94 6 JULY 2011
THE COMMUNITY TRUST OF WELLINGTON
Notes to the Financial Statements
For the Twelve Months Ended 31 March 2011
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.
| 2011 $ | 2010 $ | |
|---|---|---|
| Frances Russell | ||
| NZ Affordable Art Trust | 15,000 | 15,000 |
| Wellington Zoo Trust | 15,000 | - |
Frances Russell is the Executive Director of The Community Trust of Wellington and also a Trustee of The Affordable Art Trust and The Wellington Zoo 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.
| Dick Fernyhough | ||
| Friends of Mana Island | 12,285 | 5,000 |
| Changemakers Refugee Forum | 20,000 | - |
| Scout Association of NZ | 5,000 | - |
Dick Fernyhough is a Trustee of The Community Trust of Wellington. He is also a member of Friends of Mana Island as well as being a past Treasurer of the Scout Association of New Zealand. Dick also provided limited accounting assistance to the Changemakers Refugee Forum.
| Karen Sagaga | |
| Netball Wellington Region | 9,124 |
Karen Sagaga is a Trustee of the Community Trust of Wellington and is also the chair of the Hutt Centre of Netball Wellington Region.
14. Subsequent Events
No subsequent event has occurred since balance date that would materially impact the financial statements as at 31 March 2011.
NZ Gazette 2011, No 94
✨ 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 & Revenue3 June 2011
Financial Statements, Related Party Transactions, Grants, Wellington
- Frances Russell, Executive Director of The Community Trust of Wellington
- Carla Russell, Executive Director of The Affordable Art Trust
- Dick Fernyhough, Trustee of The Community Trust of Wellington
- Karen Sagaga, Trustee of the Community Trust of Wellington