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New Zealand Gazette – 2013 – No. 76

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✨ Financial Reports and Trustees' Remuneration

14 JUNE 2013 NEW ZEALAND GAZETTE, No. 76 2025

EASTERN AND CENTRAL COMMUNITY TRUST INC

Level	Financial Assets	at 31 March 2013 $	at 31 March 2012 $
1	Financial assets held for trading	135,946,806	130,678,052
2	Derivative financial assets/(liabilities)	(225,359)	72,888
3	Investment – TKP Ltd Partnership	108,630	—

There were no transfers between levels during the year.

Fair value of financial instruments not carried at fair value

Loans and receivables and financial liabilities carrying amounts are a reasonable approximation of fair value.

The fair value estimates were determined by the following methodologies and assumptions:

Cash and cash equivalents, term deposits and short-term advances
The reported amount approximates fair value because they are receivable in the short term.

Trade and other payables and donations payable
The reported amount approximate fair value because they are payable in the short term.

15. TRUSTEES’ ATTENDANCE AND REMUNERATION

Trustees’ remuneration for meeting attendance and annual honorarium is set by the Minister of Finance. Trustees are also reimbursed for travel costs. Details of the Trustees’ attendance and remuneration are:

Trustee	Two Day Trust Meetings attended	Sub-Committee Meetings attended	Fees $
Bev Edlin	4 of 4	9 of 10	10,154
Ron Garrod	5 of 6	8 of 9	13,200
Anna Hansen	4 of 4	3 of 4	6,923
Stephen Kerr	6 of 6	5 of 5	13,200
Mark Kilminster	6 of 6	7 of 7	12,000
Claire Matthews	6 of 6	17 of 20	26,400
Kaye McAulay	6 of 6	12 of 16	13,200
Margaret Millard	6 of 6	6 of 7	13,200
Bruce Mills	5 of 6	13 of 17	16,500
Geoff Milner	6 of 6	7 of 11	13,200
Caren Rangi	6 of 6	7 of 11	12,000
Robyn Rauna	2 of 6	3 of 6	13,200
Total Fees			163,177

16. TRUSTEES’ INDEMNITY LIABILITY INSURANCE

Trustees’ indemnity liability insurance of $8,711 (2012: $8,246) has been paid by the Trust as approved by the Trustees under the Community Trusts Act 1999.

17. SUBSEQUENT EVENTS

The Trustees have determined to improve the realised yield of the investment portfolio. This will result in a change of fund managers and investment mandates. This change is expected to occur in May and June 2013 (nil -2012).

Gazette.govt.nz — NZ Gazette 2013, No 76

The Executive Wing of Parliament (depicted) is universally known as The Beehive. It was completed in 1977 and remains the primary office for the elected Government of the day.

✨ LLM interpretation of page content

💰 Eastern and Central Community Trust Financial Risk Analysis (continued from previous page)

Domain💰 Finance & Revenue
Dated24 May 2013
KeywordsFinancial Risk Analysis, Pricing Risk, Sensitivity Analysis, Fair Value Hierarchy, Investment Portfolio, Market Factors, Volatility, Diversification, Equity, Bonds, Cash, Property

💰 Eastern and Central Community Trust Financial Assets

Domain💰 Finance & Revenue
KeywordsFinancial Assets, Trading, Derivative Financial Assets, Investment, TKP Ltd Partnership

💰 Fair Value of Financial Instruments

Domain💰 Finance & Revenue
KeywordsFair Value, Financial Instruments, Cash Equivalents, Term Deposits, Short-term Advances, Trade Payables, Donations Payable

💰 Trustees’ Attendance and Remuneration

Domain💰 Finance & Revenue
KeywordsTrustees, Meeting Attendance, Sub-Committee Meetings, Fees, Remuneration
👱🏽 Names

12 names identified

Bev Edlin, Trustee remuneration and attendance
Ron Garrod, Trustee remuneration and attendance
Anna Hansen, Trustee remuneration and attendance
Stephen Kerr, Trustee remuneration and attendance
Mark Kilminster, Trustee remuneration and attendance
Claire Matthews, Trustee remuneration and attendance
Kaye McAulay, Trustee remuneration and attendance
Margaret Millard, Trustee remuneration and attendance
Bruce Mills, Trustee remuneration and attendance
Geoff Milner, Trustee remuneration and attendance
Caren Rangi, Trustee remuneration and attendance
Robyn Rauna, Trustee remuneration and attendance

💰 Trustees’ Indemnity Liability Insurance

Domain💰 Finance & Revenue
KeywordsTrustees’ Indemnity, Liability Insurance, Community Trusts Act 1999

💰 Subsequent Events

Domain💰 Finance & Revenue
KeywordsRealised Yield, Investment Portfolio, Fund Managers, Investment Mandates

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