25 / 40
15 Related Party Transactions
Compensation
The compensation of Key Management Personnel (Trustees and Management),
is set out below:
2015
2014
NZ$’000
NZ$’000
Short Term Trustee and Employee Benefits
356
373
356
373
Donations
Trustees were related to organisations that received donations totalling $182,000 (2014:
$70,750) during the year. Interests were declared when these donations were considered
and Trustees took no part in deliberations relating to organisations in which they had an
interest. There are no outstanding balances at balance date.
There were no related party transactions for Management during the year (2014: nil).
THE WAIKATO COMMUNITY TRUST INCORPORATED
NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2015
16 Donations
16.1 Current Year Donations
The Trust donated $7,618,340 to 616 organisations in the greater Waikato region during
the year ended 31 March 2015.
An additional $10,010 was donated to further groups. However, due to a change in
circumstances the donations were refunded. See Note 16.3 for details.
* Donation to be paid out when project proceeds
CAMBRIDGE GROUPS
NZ$
60s Up Movement of New Zealand – Cambridge
750
60s Up Movement of New Zealand – East Cambridge
500
Armistice in Cambridge
1,000
Brooklyn Water Ski Club
2,000
Cambridge Autumn Festival Trust
1,000
Cambridge BMX Club
500
Cambridge Bowling Club *
19,000
Cambridge Community Agencies Network Trust
12,000
Cambridge Community Marae
2,500
Cambridge East Primary School
500
Cambridge Elim Community Trust
6,000
Cambridge Health and Community Trust
1,000
Cambridge Life Skills Institute Trust
5,000
Cambridge Playcentre
500
Cambridge Racquets Club
500
Cambridge Safer Community Charitable Trust
2,000
Cambridge Tree Trust
1,000
Children 1st Charitable Trust
2,000
Citizens Advice Bureau – Cambridge
3,000
Heartsafe Cambridge
2,000
Maungatautari Ecological Island Trust
50,000
T RUST WA I K ATO
ANNUA L R E POR T
2 0 1 5
2 5