✨ West Coast Community Trust Financial Statements
31 AUGUST 2012 NEW ZEALAND GAZETTE, No. 107 3103
West Coast Community Trust
Statement of Accounting Policies & Notes
for the Year Ended 31 March 2012
Trustee Attendance - Meetings
| Name of Trustee | Board Meetings | | Honorarium and
| | Held | Attended | Meeting Fees |
|----------------------|----------------|--------------|---------------|
| Dennis Straker | 4 | 4 | 5,455 |
| Mark Lockington | 4 | 4 | 3,420 |
| Elizabeth Rock | 4 | 4 | 2,275 |
| Anthony Sullivan | 4 | 4 | 2,275 |
| Mary Molloy | 4 | 4 | 2,275 |
| Barbara Greer | 4 | 3 | 2,100 |
| Carol Keoghan | 2 | 2 | 1,600 |
| John Sturgeon | 2 | 2 | 1,600 |
| Rowan Sullivan | 2 | 2 | 1,600 |
| Rob Caldwell | 2 | 2 | 675 |
| Tim Mora | 2 | 2 | 675 |
| Coraleen White | 2 | 2 | 675 |
Total remuneration paid in the year ended 31 March 2012 $24,625
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
Carol Keoghan, John Sturgeon and Rowan Sullivan Resigned from 31 May 2011 and Coraleen White, Tim Mora & Rob Caldwell were appointed from 1 June 2011.
- 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 $1,976,127 is required to be retained to stabilise the original $3m fund from inflation. The trusts current retained earnings is $2,549,362 which leaves $573,235 as the growth of the trust in real terms.
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NZ Gazette 2012, No 107
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West Coast Community Trust Financial Statements
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💰 Finance & RevenueFinancial Statements, West Coast Community Trust, Income, Expenses, Assets, Liabilities
12 names identified
- Dennis Straker, Trustee, attended 4 meetings
- Mark Lockington, Trustee, attended 4 meetings
- Elizabeth Rock, Trustee, attended 4 meetings
- Anthony Sullivan, Trustee, attended 4 meetings
- Mary Molloy, Trustee, attended 4 meetings
- Barbara Greer, Trustee, attended 3 meetings
- Carol Keoghan, Trustee, attended 2 meetings, resigned 31 May 2011
- John Sturgeon, Trustee, attended 2 meetings, resigned 31 May 2011
- Rowan Sullivan, Trustee, attended 2 meetings, resigned 31 May 2011
- Rob Caldwell, Trustee, attended 2 meetings, appointed 1 June 2011
- Tim Mora, Trustee, attended 2 meetings, appointed 1 June 2011
- Coraleen White, Trustee, attended 2 meetings, appointed 1 June 2011
- Minister of Finance