✨ Financial Statements Notes
2766 NEW ZEALAND GAZETTE, No. 99 22 AUGUST 2014
WELLINGTON COMMUNITY TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2014
Note 12 Commitments
Donations
As at 31 March 2014 the Trust has the following commitments:
| 2014 | 2013 | |
|---|---|---|
| Less than one year | 50,000 | 0 |
| 50,000 | 0 |
Lease commitments
Commitments existed for non-cancellable operating leases as follows:
| 2014 | 2013 | |
|---|---|---|
| Less than one year | 33,202 | 0 |
| More than one year | 66,404 | 40,806 |
| 99,606 | 40,806 |
Capital commitments
There are no capital commitments as at 31 March 2014 (2013 Nil)
Note 13 Related party transactions
The Trust 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 donations were made in respect of related party transactions.
| 2014 | 2013 | |
|---|---|---|
| Frances Russell | ||
| Netball Wellington Centre Inc | 10,000 | 0 |
| Wellington Zoo Trust | 50,000 | 12,000 |
| New Zealand Affordable Arts Trust | 10,000 | 15,000 |
Frances Russell was the Chief Executive of the Trust until the 30 June 2013. She is a Trustee of the Netball Wellington Centre Inc. and also a Trustee of the Wellington Zoo Trust. Frances' daughter, Carla Russell, is the executive director of the New Zealand Affordable Arts Trust. An application was received from them and considered by the Trustees after 30 June 2013.
| 2014 | 2013 | |
|---|---|---|
| Ian Frater | ||
| Anglican Diocese of Wellington | 5,000 | 5,000 |
| Prison Fellowship of New Zealand | 0 | 4,000 |
| Habitat for Humanity | 0 | 3,912 |
Ian Frater was a Trustee until 31 May 2013. He is also an employee of the Anglican Diocese.
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NZ Gazette 2014, No 99
✨ LLM interpretation of page content
💰
Notes to the Financial Statements of The Community Trust of Wellington
(continued from previous page)
💰 Finance & Revenue22 August 2014
Financial Statements, Notes, Commitments, Donations, Lease Commitments, Capital Commitments, Related Party Transactions
- Frances Russell, Former Chief Executive, Trustee
- Carla Russell, Executive Director of NZ Affordable Arts Trust
- Ian Frater, Former Trustee, Employee of Anglican Diocese