✨ Financial Statements Notes
ASB COMMUNITY TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2013
ASB Community Trust Charitable Purposes Limited ("the Company") is a registered charity under the Charities Act 2005. Its registration number is CC38999. Grants totalling $38.5 million were made by the Trust to the subsidiary company during the 2012/13 financial year (2012: $25.2 million). At balance date the Current Account between the Trust and ASB Community Trust Charitable Purposes Limited totalled $85.2 million (2012: $71.0 million). The Company’s constitution prohibits distributions to the Trust.
The Group has a 44% interest in Te Kete Putea Limited Partnership. The Partnership is contracted to provide support services to the Trust and other entities for database management services. The Group is not required to make any further capital contributions to the Limited Partnership. Transactions and any outstanding balances with the Limited Partnership are at arm’s length and immaterial to the Group’s activities and financial statements. The investment in the Limited Partnership is included in the Other Assets in the Statement of Financial Position.
As defined by NZ IAS 24: Related Party Disclosures, Trustees are related parties of the Trust. As the Trustees are not employees of the Trust, they do not receive short term employee benefits, post employment benefits, other long term benefits, or termination benefits. Trustees are appointed by the New Zealand Government and remunerated at rates set by the Government. These rates were revised with effect from 1 April 2012, with Trustee remuneration now based on an honorarium only. During the year Trustees received honoraria (2012: honoraria and meeting fees) as follows:
| Group and Trust | 2013 $ | 2012 $ |
|---|---|---|
| E Auva’a | 18,700 | 16,150 |
| A Bell | 17,000 | 12,115 |
| M Brickell | 18,700 | 16,193 |
| M Broadbelt | 10,908 | - |
| P Clark | 8,500 | - |
| A Green | - | 3,841 |
| P Greenbank | - | 2,325 |
| A Hartley | 7,083 | 16,143 |
| P Kearns | 18,700 | 14,059 |
| J Kirk | - | 1,366 |
| K Kohere-Soutar | 7,083 | 13,320 |
| B Levekoff | 18,700 | 18,670 |
| L Lim | 21,250 | 20,189 |
| B Lythe | 7,083 | 18,218 |
| I McDougall | 17,000 | 15,791 |
| T Millar | 17,000 | 14,425 |
| M Milne | 18,700 | 12,045 |
| A Ngaro | - | 6,040 |
| B Plunkett | 17,000 | 11,975 |
| J Slater | 9,917 | - |
| K Whitney | 34,000 | 29,507 |
| L Wilson | - | 3,410 |
| K Wright | 9,917 | - |
| $277,241 | $245,782 |
There are no monies owing to or due from Trustees at 31 March 2013 (31 March 2012: Nil).
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NZ Gazette 2013, No 114
✨ LLM interpretation of page content
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ASB Community Trust Financial Statements Notes
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💰 Finance & RevenueFinancial Statements, Revenue, Investments, ASB Community Trust, Fixed Assets, Grants, Trust Funds, Capital Maintenance
23 names identified
- E Auva'a, Trustee honorarium
- A Bell, Trustee honorarium
- M Brickell, Trustee honorarium
- M Broadbelt, Trustee honorarium
- P Clark, Trustee honorarium
- A Green, Trustee honorarium
- P Greenbank, Trustee honorarium
- A Hartley, Trustee honorarium
- P Kearns, Trustee honorarium
- J Kirk, Trustee honorarium
- K Kohere-Soutar, Trustee honorarium
- B Levekoff, Trustee honorarium
- L Lim, Trustee honorarium
- B Lythe, Trustee honorarium
- I McDougall, Trustee honorarium
- T Millar, Trustee honorarium
- M Milne, Trustee honorarium
- A Ngaro, Trustee honorarium
- B Plunkett, Trustee honorarium
- J Slater, Trustee honorarium
- K Whitney, Trustee honorarium
- L Wilson, Trustee honorarium
- K Wright, Trustee honorarium