✨ Financial Report Notes
2916 NEW ZEALAND GAZETTE, No. 104 29 AUGUST 2014
THE COMMUNITY TRUST OF SOUTHLAND
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31 March 2014
27. OPERATING LEASE COMMITMENTS
The Group leases premises. Commitments for minimum lease payments in relation to non-cancellable operating leases are payable as follows:
| | Group | | Parent |
| :--- | :--- | :--- | :--- | :--- |
| | 2014 $ | 2013 $ | 2014 $ | 2013 $
| Current within one year | 40 | 33 | - | -
| Later than one year but not later than five years | - | 130 | - | -
| Later than five years | - | - | - | -
| | $40 | $163 | $Nil | $Nil
28. EVENTS OCCURRING AFTER BALANCE DATE
There have been no significant subsequent events that affect these financial statements (2013: $Nil).
29. RELATED PARTY TRANSACTIONS
Transactions with Key Management Personnel
Key management declared interests in relation to organisations that received grants totalling $174,126 as detailed below (2013: $185,673) during the year. Interests were declared when these grants were considered and key management took no part in deliberations relating to organisations they had an interest in.
| 2014 | 2013 | |
|---|---|---|
| J Prendergast | Tertiary Scholarships | 144,126 |
| Verdon College | - | |
| YMCA of Invercargill Charitable Trust | 30,000 | |
| Rotary Club of Invercargill North Charitable Trust | - | |
| TOTAL | 174,126 |
Transactions with Trustees
Trustees declared interests in relation to organisations that received grants totalling $935,937 as detailed below (2013:$2,622,765) during the year. Interests were declared when these grants were considered and Trustees took no part in deliberations relating to organisations they had an interest in.
| 2014 | 2013 | |
|---|---|---|
| T Hicks | Citizens Advice Bureau Gore | 2,032 |
| Community Networking Trust | 32,254 | |
| Community Networking Trust (Eastern Southland) Inc | 10,000 | |
| Eastern Southland Basketball Association | 5,055 | |
| Eastern Southland Pony Club | 5,326 | |
| Equestrian Sports New Zealand Inc (Southland Showjumping) | - | |
| Eventing Southland | 10,000 | |
| Gore & Districts Community Counselling Centre | 5,000 | |
| Gore & Districts Community Youth Worker Trust | - | |
| Gore & Districts Senior Citizens Club (Choir Section) | 500 | |
| Gore Community Committee of RNZFB | 5,000 | |
| Gore Contract Bridge Club Inc | - |
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NZ Gazette 2014, No 104
✨ LLM interpretation of page content
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Community Trust of Southland Financial Report
(continued from previous page)
💰 Finance & RevenueFinancial report, Community Trust, Southland, Operating lease commitments, Events after balance date, Related party transactions, Key management personnel, Trustees, Grants
- J Prendergast, Key management personnel with declared interests in grants
- T Hicks, Trustee with declared interests in grants