Te Tai Pari Trust BOARD PACK - Te Tai Pari Trust - New Plymouth District Council
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Te Tai Pari Trust BOARD PACK for Te Tai Pari Trust Monday, 3 May 2021 3:00 pm Held at: Waitara Library and Service Centre Waitara Generated: 2021-04-29 09:00:25
INDEX Cover Page Index Agenda Attached Documents: 1.2 a Karakia - Ki Runga Ki Raro.pdf.............................................................................................. 6 1.4 a Interests Register................................................................................................................... 7 1.5 a Minutes : Te Tai Pari Trust - 7 Dec 2020............................................................................... 10 1.7 a 28.4.21, Feedback on Workshop 29.3.21.docx...................................................................... 13 1.7 b Te Tai Pari Trust Priorities.docx............................................................................................. 15 1.9 a Waitara Lands Quarterly Report - 31 March 2021.pdf........................................................... 23 1.11 a Karakia - Ki Runga Ki Raro.pdf.............................................................................................. 31
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AGENDA
TE TAI PARI TRUST
Name: Te Tai Pari Trust
Date: Monday, 3 May 2021
Time: 3:00 pm to 5:00 pm
Location: Waitara Library and Service Centre, Waitara
Board Members: Pauline Lockett (Chair), Darrel Nicholas, Donna Eriwata, Graham Armstrong,
Marion James, Mawhaturia White, Patsy Bodger, Rawiri Doorbar (Alternate
Member)
Attendees: Julie Straka
1. Meeting Opened
1.1 Meeting Opened
1.2 Opening karakia
Supporting Documents:
1.2.a Karakia - Ki Runga Ki Raro.pdf 6
1.3 Apologies
1.4 Interests Register
Supporting Documents:
1.4.a Interests Register 7
1.5 Confirm Minutes
Supporting Documents:
1.5.a Minutes : Te Tai Pari Trust - 7 Dec 2020 10
1.6 Administration Support
Discussion following on from the December meeting.
1.7 The Vision for Grants
1. Notes from each table at the Community Meeting held on 29 March 2021 (attached as "Te
Tai Pari Trust Priorities")
2. Feedback from Community meeting held on 29 March 2021 from each Trustee in
attendance
3. Feedback from the Chairperson (attached as "Feedback on Workshop 29.3.21")
4. Forecast release rule release for the year ending 30 June 2021 ($7,197)
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5. At their February 2021 meeting TET approved a grant of $50,000 to Waitara Alive for
operating costs, delivery of community events and digital information upgrade.
6. Actions following the Community meeting
Supporting Documents:
1.7.a 28.4.21, Feedback on Workshop 29.3.21.docx 13
1.7.b Te Tai Pari Trust Priorities.docx 15
1.8 Correspondence
Letter from NPDC dated 8 January 2021 proposing the sale of Lot 1 (3m square) in conjunction
with the Lot 2 Freehold/leasehold – there were no objections to this proposal.
Waitara Lease Arrears - March 2021 report (to be provided)
1.9 Waitara Perpetual Fund - Current Balance
The Waitara Lands Act Quarterly Report to 31 March 2021 is attached.
Quarterly reports are now being posted on the Council's website.
Questions asked:
1 The Waitara Lands Act Quarterly Report – 31 March 2021
a. Re the Hapu Land Fund – under the subheading Forecast Distribution for the year
ending 30 June 2021 the sum is $5,256,493. Under the subheading Hapu Land
Fund (TKTM) Forecast the forecast distribution for the year ending 30 June 2021 is
$5,363,836 – a difference of $107,343. The total forecast for the year ending 30
June 2021 is $14,180,593. Has the interest of $107,343 been double counted?
b. Re the Waitara Perpetual Fund – under the subheading Forecast Distribution for
the year ending 30 June 2021 the sum is $5,256,493. Under the
subheading Waitara Perpetual Community Fund (WPCF) Forecast the total is
$5,598,914 which is $342, 421 higher – why is this? Also there is no forecast for
interest income (or any other income) – why is that?
c. Re the Waitara Perpetual Fund – the forecast expenses for the year ending 2022
are $60,500 – can the Trustees have a breakdown on how this has been calculated
please.
2 The Waitara Perpetual Community Fund – can the Trustees have an update whether this fund
has been established and how much money has been
deposited into it to date please.
3 Total funds forecast to 30 June 2021 net of release and expenses.
Supporting Documents:
1.9.a Waitara Lands Quarterly Report - 31 March 2021.pdf 23
1.10 General Business
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1.11 Closing Karakia
Supporting Documents:
1.11.a Karakia - Ki Runga Ki Raro.pdf 31
2. Close Meeting
2.1 Close meeting
Next meeting: No date for the next meeting has been set.
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May 2021 Interests Register 1.4 a
Interests Register
Te Tai Pari Trust
As of: 28 Apr 2021
Person Organisation Active Interests Notice Date
Darrel Nicholas Darnic Family Trust Trustee - Personal 31 Aug 2019
Majiks Trust Trustee - Friends Trust 31 Aug 2019
Nosila Trust Trustee 31 Aug 2019
Oracle Trust Trustee - Personal 31 Aug 2019
Taranaki Tracks and Trails Trustee 30 Nov 2020
Trust
Donna Eriwata 3-waters and Te Kohia Board 31 Aug 2019
(NPDC)
Leaseholder (2 sections Leasee 31 Aug 2019
from NPDC)
Nga Ringawera Otaraua Ltd Director 31 Aug 2019
North Taranaki Sport & Rec Trustee 31 Aug 2019
Inc
Otaraua Hapu Management Trustee 31 Aug 2019
Committee Inc
Pukepapa 3 Reservation Trustee 31 Aug 2019
Te Kowhatu Tu Moana Trustee 31 Aug 2019
Trust
Waitara SD Sections 6 & 91 Trustee 31 Aug 2019
Land Trust
Graham Armstrong Armstrong Property Trust Trustee 31 Aug 2019
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CA Korff Family Trust Trustee 31 Aug 2019
EC Parker Family Trusts Trustee 31 Aug 2019
G& J Armstrong Trust Trustee (Personal) 18 Jun 2020
Knox Church, Waitara Elder 31 Aug 2019
RA Goble Trust Trustee 31 Aug 2019
Ranfurly Trust Trustee 31 Aug 2019
Sutton Family Trust Trustee 31 Aug 2019
Various Family Trusts Trustee 31 Aug 2019
Marion James Department of Internal Community Advisor 31 Aug 2019
Affairs (DIA)
Hospice Taranaki Volunteer 31 Aug 2019
Te Ara Whakamua O DIA Partnership, Lead Advisor (no voting rights) 31 Aug 2019
Whaitara
Mawhaturia White ANZ Bank New Zealand Employee 28 Jun 2020
Manukorihi Hapu Uri / Descendant 28 Jun 2020
Manukorihi Hapu Charitable Vice Chairperson 28 Jun 2020
Trust
Manukorihi Pa Trustees Vice Chairperson 28 Jun 2020
Te Ara Whakamua o Chairperson 28 Jun 2020
Whaitara
Te Kowhatu Tu Moana Board member 28 Jun 2020
Patsy Bodger Hospice Taranaki Inc Trustee 31 Aug 2019
Manukorihi Hapu Chairperson 31 Aug 2019
Manukorihi Hapu Charitable Trustee 31 Aug 2019
Trust
Manukorihi Pa Reserve Trustee 31 Aug 2019
Trust
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NPDC Aged and member 31 Aug 2019
Accessibility Issues Working
Party
Representative Hospital Member 31 Aug 2019
Advisory Committee &
CPHAC/DSAC Committee
Te Hanataua Whanau Trust Trustee 31 Aug 2019
Te Kowhatu Tu Moana Trustee 31 Aug 2019
(Waitara Lands Act)
Te Whare Punanga Korero Te Atiawa representative 31 Aug 2019
(Taranaki Iwi Health Trust)
Pauline Lockett Bordeaux Trust Trustee 31 Aug 2019
Burgundy Trust Trustee 31 Aug 2019
Ngati Te Whiti Whenua Independent Contractor 1 Jul 2020
Topu Trust
Ngati Te Whiti Whenua Independent Advisory Trustee 1 Jul 2020
Topu Trust
PN Lockett Family Trust Trustee 31 Aug 2019
Taranaki District Health Board Member 31 Aug 2019
Board (TDHB)
Taranaki Work Trust Trustee 31 Aug 2019
Te Hapai Hoe Trustee 1 Aug 2020
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May 2021 Confirm Minutes 1.5 a
MINUTES (in Review)
TE TAI PARI TRUST
Name: Te Tai Pari Trust
Date: Monday, 7 December 2020
Time: 3:14 pm to 5:29 pm
Location: Waitara Library and Service Centre, Waitara
Board Members: Pauline Lockett (Chair), Darrel Nicholas, Donna Eriwata, Graham Armstrong,
Patsy Bodger
Attendees: Julie Straka
Apologies: Mawhaturia White, Marion James
Guests/Notes: Trevor Dodunski (Waitara Community Board member)
1. Meeting Opened
1.1 Meeting Opened
Donna Eriwata opened the meeting with a Karakia at 3.14pm.
1.2 Apologies
Apologies from Mawhaturia White and Marion James were noted.
1.3 Interests Register
Interests Register
The interests register was noted.
Decision Date: 7 Dec 2020
1.4 Confirm Minutes
Te Tai Pari Trust (Meeting) 9 Nov 2020, the minutes were confirmed with the following
changes:
Updating the attendees (removal of Donna Eriwata, Marion James and Rawiri Doorbar as
"Board Member" attendees and Aroha Chamberlain, Callum Williamson and Kelvin Day from
"attendees".
Change references from "workshop" to "meeting".
1.5 The Vision for Grants & Next Steps
Members agreed to the Te Tai Pari Trust vision being "To encourage social, economic, cultural
and economic growth in our community."
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Ms Lockett provided an update on a recent meeting of Waitara funding organisations. Attendees
included representatives from TSB Community Trust, TET and Te Ara Whakamua o Whaitara
Trust members discussed potential invitees to a workshop with the Trust. Trust members are to
provide Julie Straka with a list of stakeholder names and contact details for inviting to the
proposed workshop. When invitations are issued, stakeholders will be asked to identify the issue
of most importance in Waitara, and the impediments to that issue being addressed.
The workshop will assist the board to meet its statutory obligations in relation to engaging in
consultation with the Waitara community regarding issues of importance to the Waitara
community.
Trust members also discussed the potential for a resource (person) to assist with funding
applications across all funding schemes. The intention is that the salary wouldn't come from the
Waitara Perpetual Community Fund. Ms Lockett will discuss options with TET representatives.
1.6 Waitara Perpetual Fund - Current Balance
The quarterly report to September 2020 was noted. A breakdown of forecasted expenses
($10,500 (2020/21) and $60,500 (21/22) was requested.
1.7 Correspondence from New Plymouth District Council
The correspondence was noted.
1.8 General Business
For a subsequent meeting Trust members requested:
1. An update on investment timing and progress.
2. Estimated future expenses to facilitate a discussion on administration requirements for the
Trust.
2. Close Meeting
2.1 Close meeting
Next meeting: No date for the next meeting has been set.
Graham Armstrong closed the meeting with a prayer.
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Signature:____________________ Date:_________________________
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TE TAI PARI TRUST
FEEDBACK FROM THE CHAIRPERSON FROM
THE COMMUNITY WORKSHOP MEETING HELD ON
29 MARCH 2021
1. Attendees
48 people, holding various positions of responsibility and interest in the community of Waitara, were
emailed with an invitation to attend the Community Workshop meeting.
One person replied objecting to the time set for the meeting (3.00pm- 5.00pm) on the grounds that a
lot of people would be working at that time.
There were about 15 attendees. RSVPs had been received from the following:
Vicky Dombroski (CCEM Co-ordinator)
Dave Haskell (Te Ara Whakamua o Whaitata)
Che Tamati (Te Ara Whakamua o Whaitara)
Arti Davidson (Waitara Mens’ Shed)
Mike Harris (All Hearts Waitara)
Mark Kettle (Beautify Waitara)
Trevor Dodunski (Waitara Community Board)
Robyn Schmidt (Waitara Arts Community)
Gina Blackburn (North Taranaki Sport & Recreation)
David Zimmerman (Waitara Golf Club)
Trustees in attendance were:
Pauline Lockett
Darrel Nicholas
Donna Eriwata
Marion James
Mawhaturia White
Pat Bodger
2. Another Workshop
The attendees all agreed that it would be good to hold another workshop to build on what had been
shared at this workshop.
They discussed how this could occur and suggestions were:
Use survey monkey
Take ipads and go to where the people are ie at the supermarket, rugby games, etc.
13Board Pack for Te Tai Pari Trust - 3 May 2021 The Vision for Grants 1.7 a
There was an offer from those in attendance that they would be comfortable in using their networks
(email addresses, etc) to invite people to another gathering.
3. Key Issues
The common factor was people ie the people need to be in the heart (middle) of any issues of
importance.
The lack of a co-ordinator in Waitara (someone who could co-ordinate information, funders, events,
etc) was seen to be an inhibiting factor.
Collaboration between funders was seen to be important.
14Board Pack for Te Tai Pari Trust - 3 May 2021 The Vision for Grants 1.7 b
Te Tai Pari Trust Priorities
1. Environment - Planting
- Water quality
2. Education
3. Housing
4. Rangatahi / Youth initiatives - Funding / Grants
Wellbeing / Hauora
5. Accessibility
6. Future infrastructure growth
7. Re-establishment of cultural connection
8. Employment investment
9. Recreation
10. Community Events (connection) (connectivity)
Sports
11. Tertiary scholarships
Schools
Library
Funding
15Board Pack for Te Tai Pari Trust - 3 May 2021 The Vision for Grants 1.7 b
Te Tai Pari Trust Priorities
1. Education - Schools
- Grants / Funding
2. Cultural connections
3. Rangatahi / Youth initiatives
4. Accessibility - Disabled access
- Community access to activities
5. Community events & sport
6. Employment investment
7. Recreation
8. Housing
9. Outcomes – future growth
10. Information Hub
Sports scholarships
Education grants
Environment projects
16Board Pack for Te Tai Pari Trust - 3 May 2021 The Vision for Grants 1.7 b
Te Tai Pari Trust Priorities
1. The River
The Sea
The Beach
Clean river
Clean water
Positive promotion of Waitara – use our high
achievers
2. Assist – transport (van) to hospital / doctor visits
3. Centralised information / support hub
Library / Arts
Co-ordination
4. Planting out Waitara with fruit trees, avo’s
lemons etc, passionfruit, grapes – community
gardens
5. More community meetings / gatherings
Community noticeboard / Waitara Angle
6. Destination days for Waitara
CBD revitalised
17Board Pack for Te Tai Pari Trust - 3 May 2021 The Vision for Grants 1.7 b
Te Tai Pari Trust Priorities
1. Environmental / Water
2. Cultural
3. Economic
4. Social / whanau
5. Water tanks and solar power help
6. Kaumatua bus / health shuttle / van
7. Upgrade the centre of town
Vibrant, connected, friendly, welcoming
8. Learn out histories / Te Kohia
9. Clean reefs to gather kaimoana
10. Educate whanau around the maintenance of
their home and property
11. Pet sterilisation drive
12. Celebrate Puanga
13. Growing our own plants from our own rohe
14. Happy healthy children
15. Support Marae events
Every hui, tangi brings $$ into the district
16. Celebrate diversity
17. Clean river, safe to swim in
18. Wrap around whanau support
19. Business start-up grant & support (mentor)
20. Marae, education around kawa tikanga, powhiri
21. Education around plants and rongoa
22. Raised gardens for our kaumatua
23. Safe spaces for our tamariki, kaumatua and
special needs
24. Cottage industries
Business developments
Education to develop
Strategies
25. Learn handcraft skills, cooking, sewing, knitting,
preserving
26. Electric car plug in station, mobility scooter plug
in station
27. Visibility in the world. Destination Waitara
28. Drop off junk, computer, roadside collections
every 3 months
29. Musical hub
Computer hub
Dance hub
Community hub Whanau support
Kitchen / hub
30. More retirement homes in Waitara. Aging Water / environment
population papatainga Community infrastructure
31. Free Wifi spaces
32. Marae – hui links, connection. Breed leaders in Celebrate our culture
the community
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Te Tai Pari Trust Priorities
1. Vans – Lions / Rotary
2. Skateboard park upgrade (in co-operation with
others)
3. Fishing
4. Tourist attractions - Land Wars
- Art Deco
5. Community Garden (WISE)
Community Orchard
6. Youth work - 24/7 @ WHS)
7. Library / Arts Centre / Museum
8. Remove derelict buildings – clean up main
street
19Board Pack for Te Tai Pari Trust - 3 May 2021 The Vision for Grants 1.7 b
Te Tai Pari Trust Priorities
1. People, He tangata, All
2. River Centre
3. 5 schools
7 – pre-schools, kura kohanga
4. ? Funding
5. Amplify the existing positives & strengths
6. Inclusion centre
7. Sustainable kai
8. Health - Vision
- Hearing
- Dental
9. Environment
10. Collaborative - Community
- Holiday programmes
- Shared programmes
- Alt ed
- Licences / vehicle / computers
11. Fun affordable events
12. Tuakana teina
13. Sustainable housing
Emergency housing
Commercial space?
Business
14. Education - $ mentors
- Skills development
- Technology
- Art
- Music
- Sport
15. Connectedness - Community
- Relationships
- Safe Spaces
He Tangata
Inter connectedness
Inclusion centre
20Board Pack for Te Tai Pari Trust - 3 May 2021 The Vision for Grants 1.7 b
Te Tai Pari Trust Priorities
Table Number 1’s
Whanau support Learning skills
Environment H2O / Environment
Vans (multi-age) Comm. Infra
People / Inter connectedness / Inclusion Centre Culture of Waitara
Education – make it accessible Promotion of Waitara
Community Youth Hub
Info Hub (centralised)
Transport van
Skateboard Park
Fishing
Accentuate tourist attractions here
Orchard / Gardens
Youth workers
Library / Art Centre / Museum
Amplify existing stuff
Mentoring
Environment
Cultural connections (awa & whenua)
Rangitahi & initiatives
Accessible (removing cost as barrier – bigger
than disability)
Environment = TRC money
Housing important = $$ from TKTM
Kaumatua Flats – coffee and a chinwag
21Board Pack for Te Tai Pari Trust - 3 May 2021 The Vision for Grants 1.7 b
Te Tai Pari Trust Priorities
Waitara Arts and Community Centre (WACC)
Nurturing the Heart of Waitara and connecting people
through Arts, Services and Community
Waitara Arts and Community Centre is a new project to develop a thriving arts, creativity and knowledge
sharing centre in the heart of Waitara.
It is proposed that the Centre will include display area, working areas for artists to hold classes and/or
demonstrations. The North Taranaki Community House, which is a vital part of Waitara, would also be
housed with the Centre along with an official Information Office.
Ideally, we would like to be able to include performing arts in the Centre.
We currently have the use of a shop in Waitara where local artists can display their work. This has been
received with much enthusiasm and a great amount of support for an Arts Centre.
The Centre will inspire, engage and energise our community through arts, creative experiences, education
and social connection.
Co-location of quality services will contribute to thriving tourism and economic opportunities in the heart of
Waitara.
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Waitara
Lands Act
Quarterly Report
31 March 2021
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Accumulated Income
Accumulated income refers to income derived from the Waitara Endowment Land before the
commencement of the Act on 17 March 2019.
Waitara Harbour Other Waitara Endowment
Net income @17 March 2019 5,363,384 191,436
Less debtors outstanding* (63,948) (3,805)
Interest earned 60,146 0
Accumulated income 5,359,582 187,631
The distribution calculations for Accumulated Income* are as follows:
Hapū Land Fund (HLF) = One third of all Accumulated income less Hapū costs.
Taranaki Regional Council (TRC) = Half of Waitara Harbour Accumulated income less TRC costs.
Waitara Perpetual Community Fund (WPCF) = Remaining balance less Historical Council costs.
Waitara Other Historical Distribution Initial Available
Harbour Waitara costs @ 31 Mar Distribution Distributions
Endowment @17 Mar @31 Mar
HLF 1,786,527 62,544 (123,856) 1,725,215 (1,632,146) 93,069
TRC 2,679,791 N/A - 2,679,791 (2,540,439) 139,352
(River
Funds)
WPCF 893,264 125,087 - 1,018,351 (1,008,455) 9,896
5,359,582 187,631 (123,856) 5,423,357* (5,181,041) 242,316
*Note. As at 31 March 2021 the debtors balance is $67,753 this has not been included in the
Accumulated Income distribution calculation as it is not yet available for distribution.
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Future Income
Future income refers to income derived from the Waitara Endowment Land after the
commencement of the Act on 17 March 2019.
The distribution calculation for Future Income are as follows:
Taranaki Regional Council (TRC) = Half of 3206 (formerly Waitara Harbour).
NPDC Council = Half of 3206 (formerly Waitara Harbour) plus all 3201, 3202, 3203 (formerly
Borough and Portfolio land). Split in equal shares:
o Hapū Land Fund (HLF) = Half of NPDC Council share.
o Waitara Perpetual Community Fund (WPCF) = Half of NPDC Council share.
Leasehold income
Subpart 1 Subparts 2-5 Total
@ 31 Mar
Income FY19 352,087 198,185 550,272
Income FY20 1,077,500 697,345 1,774,845
Income FY21 611,352 431,679 1,043,031
Less debtors (124,518) (147,936) (272,454)
Less expenses FY19* (309,435) (19,966) (329,401)
Less expenses FY20* (417,925) (7,573) (425,498)
Less expenses FY21* (254,114) (3,857) (257,971)
934,947 1,147,877 2,082,824
*Note. Breakdown of expenditure is included in the appendix.
The distribution calculation for Future Income are as follows:
Hapū Land Fund (HLF) = $807,675
Taranaki Regional Council (TRC) = $467,474
Waitara Perpetual Community Fund (WPCF) = $807,675
Freehold income
Subpart 1 Subparts 2-5 Total
@ 31 Dec
Sales Income FY19 0 0 0
Sales Income FY20 12,639,000 7,857,500 20,496,500
Sales Income FY21 9,715,000 5,756,000 15,471,000
Less expenses FY19 (142,383) N/A (142,383)
Less expenses FY20 (348,918) N/A (348,918)
Less expenses FY21 (197,512) N/A (197,512)
21,665,187 13,613,500 35,278,687
The distribution calculation for Future Income are as follows:
Hapū Land Fund (HLF) = $12,223,047
Taranaki Regional Council (TRC) = $10,832,593
Waitara Perpetual Community Fund (WPCF) = $12,223,047
NPDC reimburse expenses (NPDC) = $688,813
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Expenditure analysis
Future income refers to income derived from the Waitara Endowment Land after the
commencement of the Act on 17 March 2019.
Leasehold Expenses Subpart 1 Subpart 2-5
17 March - 30 June 2019
Debt collection 2,714 2,714
Advertising 671 671
Legal fees 49,280 17,077 66,357
Valuation fees 17,382 17,382
Survey fees 139,654 164,842
Property rates 26 26
NPDC Staff hours 87,067 2,889 64,768
NPDC Business Services 6,670 6,670
NPDC Customer Services 5,970 5,970
SUBTOTAL > 17 March 2019 309,435 19,966 329,401
1 July 2019 – 30 June 2020
Legal fees 19,768 4,269 19,768
Valuation fees 16,275 16,275
Survey fees 90,912 90,912
Property rates 12,142 970 13,112
NPDC Staff hours 239,802 2,334 242,136
NPDC Business Services 20,593 20,593
NPDC Customer Services 18,433 18,433
SUBTOTAL 2019-20 417,925 7,573 425,498
1 July 2020 – 30 June 2021
Legal fees 40,274 35,909
Valuation fees 8,075 8,075
Bank Fees 8 8
Survey fees 21,767 3,160 24,927
Property rates 8,698 697 5,987
NPDC Staff hours 175,293 175,293
NPDC Financial Services 0
NPDC Customer Services 0
SUBTOTAL 2020-21 254,114 3,857 257,971
Total Leasehold expenses 981,474 31,396 1,012,870
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Freehold Expenses Subpart 1 Subpart 2-5
1 July 2018 – 30 June 2019
Legal fees 8,823 8,823
Valuation fees 133,560 133,560
SUBTOTAL 2018-19 142,383 0 142,383
1 July 2019 – 30 June 2020
Legal fees 102,331 102,331
Valuation fees 195,400 195,400
NPDC Staff hours 51,187 51,187
SUBTOTAL 2019-20 348,918 0 348,918
1 July 2020 – 30 June 2021
Legal fees 89,180 89,180
Valuation fees 82,905 82,905
Survey fees 3,100 3,100
Professional fees 22,328 22,328
SUBTOTAL 2020-21 197,512 0 197,512
Total Leasehold expenses 688,813 0 688,813
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Distributions upto 31 March 2021
An initial distribution of Accumulated Income totalling $5.18m was made in March 2019. In the 2019/20 financial year an Interim distribution of Freehold
income of $14.06m was distributed ($7.27 million was made in November 2019, $6.34 million in April 2020). During the current financial year (2020/21)
there’s been an Interim distribution for Freehold income of $17.53m ($6.43 million in July 2020, $6.42 million in December 2020 and a further $4.42 in
February 2021) and $1.47m of Leasehold income distributed. As at 31 March 2021 there is $4.37m available to transfer relating to Freehold income and
$0.85m for Leasehold income.
Actual Interim Interim Interim Interim Interim WLA -00 NPDC -00
Accumulated Freeholds Freeholds Leaseholds Freeholds Freeholds Available Balance Available Balance Total Balance
Income Distributed 21 July 20 22 July 20 3 Dec 20 12 Feb 21 to Transfer to Transfer*
17 March in
2019 2019/20
Financial
Year
Hapū Land Fund
1,632,146 4,671,606 2,294,069 562,499 2,034,595 1,735,145 1,487,632 338,245 14,755,937
Taranaki Regional
Council (River Funds) 2,540,439 4,300,713 1,773,137 425,357 2,234,191 1,163,289 1,361,263 181,468 13,979,858
Waitara Perpetual
Community Fund 1,008,455 4,671,606 2,294,069 483,826 2,034,595 1,735,145 1,487,632 333,745 14,049,073
Reimburse NPDC
expenses 423,575 67,726 113,618 48,421 35,473 688,813
Annual Net Distribution 5,181,041 14,067,500 6,429,001 1,471,682 6,416,999 4,682,000 4,372,000 853,458 43,473,681
*Note: This relates to Leasehold income that will be distributed once a year.
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Forecast distributions
The distribution calculation forecast is based on:
freehold and leasehold income for the period upto 30 June 2021 (assuming a 48% take up)
Forecast
YE 30 Jun 2021
Hapū Land Fund
5,256,493
Taranaki Regional Council (River Funds)
7,828,882
Waitara Perpetual Community Fund
5,256,493
Annual Net Distribution 18,341,868
Hapū Land Fund (TKTM) Forecast
Money in the Hapū Land Fund must be applied only to—
(a) carrying out the following actions for the benefit of the Waitara hapū in relation to land in or
adjacent to Waitara:
(i) the purchase of land or interests in land:
(ii) the development of land:
(iii) the management of interests in land; and
(b) reimbursing the Council for purchases made under section 51; and
(c) paying the costs incurred by Te Kōwhatu Tū Moana in administering the Hapū Land Fund.
Te Kōwhatu Tū Moana has the following functions in the administration of the Hapū Land Fund:
(a) to determine the amounts and purposes of distributions from the Hapū Land Fund; and
(b) to make recommendations to the Council concerning the Council’s investment policy for the
Hapū Land Fund (including recommendations about addressing the matters specified in section 105
of the Local Government Act 2002 for the purposes of section 50(1)(a)).
Actual Actual Forecast Forecast
30 Jun 2019 30 Jun 2020 YE 30 Jun 2021 YE 30 Jun 2022
HLF Income
1,632,146 7,306,902* 5,363,836 4,434,279
Interest income
6,077 14,289 107,343 183,976
Expenses
0 250,000
Cumulative
Closing HLF balance 1,638,223 8,709,414 14,180,593 18,798,848
*Includes income prior to 30 June 2020 with balance transferred in July.
29Board Pack for Te Tai Pari Trust - 3 May 2021 Waitara Perpetual Fund - Current Ba... 1.9 a
Waitara Perpetual Community Fund (WPCF) Forecast
Money in the Waitara Perpetual Community Fund must be applied only to—
(a) the operation of the scheme of annual releases; and
(b) paying the following costs of the Board:
(i) costs incurred in operating the scheme:
(ii) the costs of the Board under clause 11 of Schedule 2.
The Waitara Perpetual Community Fund must be established and administered for the purpose of
benefiting the Waitara community or any part of the Waitara community by the scheme of annual
releases under sections 47 to 49.
The forecast release rule is based on the following formula:
80% of prior year release plus inflation +
20% of prior year opening balance divided by 30 plus inflation
Actual Actual Forecast Forecast
YE 30 Jun 2019 YE 30 Jun 2020 YE 30 Jun 2021 YE 30 Jun 2022
WPCF Income
1,059,505 7,228,229* 5,598,914 4,872,144
Interest income
0 45,397
Release
0 0 7,197 52,396
Expenses
0 0 10,500 60,500
Grant distributions
0 0 0 0
Cumulative
Closing WPCF Balance 1,059,505 8,333,131 13,914,348 18,673,596
*Includes income prior to 30 June 2020 with balance transferred in July.
30Board Pack for Te Tai Pari Trust - 3 May 2021 Closing Karakia 1.11 a
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