Islands Trust Statement of Financial Information March 31, 2024

Extracted text (beginning)

STATEMENT OF FINANCIAL INFORMATION APPROVAL 
 
 
 
 
 
 
The undersigned represents the Trust Council of Islands Trust and approves all the statements 
and schedules included in this Statement of Financial Information, produced under the Financial 
Information Act. 
 
 
 
 
___________________________ 
Peter Luckham 
Chair, Islands Trust Council 
 

 
 
 
 
The Financial Statements contained in this Statement of Financial Information under the 
Financial Information Act (“the Act”) have been prepared by management in accordance with 
generally accepted accounting principles or stated accounting principles, and the integrity and 
objectivity of these statements are management’s responsibility.  Management is also 
responsible for all the statements and schedules, and for ensuring that this information is 
consistent, where appropriate, with the information contained in the financial statements. 
 
Management is also responsible for implementing and maintaining a system of internal controls 
to provide reasonable assurance that reliable financial information is produced. 
 
The Islands Trust Council is responsible for ensuring that management fulfils its responsibilities 
for financial reporting and internal control and exercises this responsibility through the Audit 
Committee of Trust Council.  The Audit Committee meets with management and the external 
auditors two times a year. 
 
The external auditors, KPMG, conduct an independent examination, in accordance with 
generally accepted auditing standards, and express their opinion on the financial statements.  
Their examination does not relate to the other schedules and statements required by the Act, 
including the Statement of Financial Information.  Their examination includes a review and 
evaluation of the corporation’s system of internal control and appropriate tests and procedures 
to provide reasonable assurance that the financial statements are presented fairly.  The external 
auditors have full and free access to the Audit Committee of Trust Council and meet with it 
twice each year. 
 
On behalf of Islands Trust, 
 
 
 
______________________ 
Director, Administrative Services 
 

 
 
 
 
 
SCHEDULE OF GUARANTEE AND INDEMNITY AGREEMENTS 
 
Islands Trust has not given any guarantees or indemnities under the Guarantees and Indemnity 
Regulation. 
 
 
STATEMENT OF SEVERANCE AGREEMENTS 
 
There were no severance agreements made between Islands Trust and its non-unionized 
employees during fiscal year ending March 31, 2024. 
 
Prepared under the Financial Information Regulation, Schedule 1, 
Subsection 6 (7). 
 
 
 
On behalf of Islands Trust, 
 
 
 
_______________________________ 
Director, Administrative Services 

SCHEDULE OF REMUNERATION & EXPENSES FOR TRUSTEES
For the year ended March 31, 2024
Prepared as required by Financial Information Regulation, Schedule 1, section 6
POSITION
TOTAL REMUNERATION 
& TAXABLE BENEFITS
EXPENSES
Adams,   LindaITCB Provincial appointee500$               

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