Islands Trust Statement of Financial Information March 31, 2026

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 .
______________________
Laura Patrick
Chair, Islands Trust Council
The Statement of Financial Information (“the Statement”) is prepared in accordance with the
requirements of the Financial Information Act (“the Act”). The Statement is prepared by
management, and the integrity and objectivity of these statements are management’s
responsibility. Management is also responsible for ensuring that this information is consistent,
where appropriate, with the information contained in the annual audited financial statements.
Management is 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 annual financial
statements. Their examination does not extend to the schedules contained in this Statement.
Their examination includes a review and evaluation of organization’s system of internal control
and appropriate tests and procedures to provide reasonable assurance that the annual financial
statements are presented fairly. The external auditors have full and free access to the Audit
Committee of Trust Council when they meet each year.
On behalf of Islands Trust,
__________________________________
Director, Financial and Employee 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 was no severance agreements made between Islands Trust and its non-unionized
employees during the year ending March 31, 2026.
Prepared under the Financial Information Regulation, Schedule 1, Subsection 6 (7).
On behalf of Islands Trust,
__________________________________
Director, Financial and Employee Services
SCHEDULE OF REMUNERATION & EXPENSES FOR TRUSTEES
For the year ended March 31, 2026
Prepared as required by Financial Information Regulation, Schedule 1, section 6
POSITION
TOTAL
REMUNERATION &
TAXABLE BENEFITS
EXPENSES
Allen, Alexander Trustee 13,836 $ 981 $
Bernardo Joe Trustee 14,010 1,261
Boland Mairead Trustee 12,890 588
Borthwick Sam Trustee 14,740 1,257
Campbell Aaron Trustee 18,157 311
Dodds Jeanine Trustee 14,834 592
Elliott Tobi Trustee, Council Vice Chair 72,576 6,980
Evans Kristina Trustee 11,896 1,443
Falck Dag Trust

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