Trust House Limited — Community Development Charity in Masterton
Trust House Limited is a Company charity in the Community Development sector, based in Masterton, Masterton. CharityData rates this charity C+ (68.5/100). Annual revenue: $25.6M NZD. Financial data as at March 2026.
Mission: The capacity, rights, powers and privileges of the Company shall be restricted to the carrying on of business and other activities for all or any of the following objects and purposes: (a) such charitable objects and purposes in New Zealand which tend to promote, advance, or encourage education, science, literature, art, physical welfare, culture or recreation; (b) in relation to social housing; to alleviate poverty by promoting actions initiatives and programmes that improve housing affordability for low and middle-income households in New Zealand.
- Registration Number
- CC42769
- Charity Type
- Company
- Registration Date
- 2009-11-05
- Status
- Active
- CharityData Rating
- C+ (68.5/100)
- Sector
- Community Development
- Location
- Masterton, Masterton
- admin@trusthouse.co.nz
- Data as at
- March 2026
Beneficiaries: Other - All
Financial Summary
- Total Revenue
- $25.6M NZD
- Total Expenses
- $37.9M NZD
- Total Assets
- $156.3M NZD
- Net Assets
- $143.6M NZD
- Reserve Months
- 0.3 months of operating expenses
- Staff Count
- 191
- Financial Year End
- 2026-03-31
Financial History
| Year | Revenue | Expenses | Net Assets |
|---|---|---|---|
| 2026 | $25.6M | $37.9M | $143.6M |
| 2025 | $29.9M | $27.0M | $155.9M |
| 2024 | $32.3M | $28.0M | $160.6M |
| 2023 | $29.3M | $27.1M | $158.0M |
| 2022 | $53.9M | $23.4M | $174.8M |
| 2021 | $80.3M | $18.6M | $144.4M |
| 2020 | $27.6M | $20.8M | $81.7M |
| 2019 | $27.8M | $19.5M | $74.9M |
| 2018 | $26.7M | $19.5M | $66.6M |
| 2017 | $32.3M | $26.3M | $59.2M |
CharityData Rating
- Overall Grade
- C+
- Overall Score
- 68.5/100
- Financial Score
- 70
- Governance Score
- 65
- Transparency Score
- 85
Board Members and Officers
Current Officers (1)
| Name | Role | Appointed |
|---|---|---|
| Graeme Bell | Director | 2026-02-22 |
Former Officers (20)
- Leanne Southey — Director
- Matthew Reid — Director
- Corrie James — Director
- Rebecca Johnson — Director
- Stuart Campbell — Director (departed 2026-02-15)
- Philomena Antonio — Director
- Raymond Southey — Director (departed 2016-09-28)
- Lucy Griffiths — Director
- Allan Pollard — Chief Executive (departed 2020-05-31)
- Donald Baskerville — Director (departed 2020-10-01)
- Maxwell Cooper — Director (departed 2014-10-23)
- John Moriarty — Director (departed 2011-07-22)
- John Kershaw — Director (departed 2022-04-01)
- Bernard Teahan — Chief Executive (departed 2013-03-31)
- Kenneth Kibblewhite — Director (departed 2009-06-08)
- David Henry — Director (departed 2022-09-01)
- Stephen Blakemore — Director (departed 2013-10-29)
- Robert Redmond — Director (departed 2009-09-23)
- Frank Long — Director (departed 2010-09-22)
- Brian Bourke — Director (departed 2016-09-28)
Disclosed Pay and Fees
| Name | Role | Role type | Compensation | Year |
|---|---|---|---|---|
| Key Management Personnel (aggregate) | Directors and six executives with greatest authority | Group total | $1,655,567 | 2025 |
| Key Management Personnel (aggregate) | Directors and six executives | Group total | $1,655,567 | - |
| Key Management Personnel (aggregate) | Directors and six executives | Group total | $1,116,936 | 2024 |
| Michael Ahie | Chief Executive Officer | Executive role | $245,000 | 2024 |
| Andrew Krieg | Chief Executive Officer | Executive role | $240,000 | 2024 |
| Alison Gray | Chief Financial Officer | Executive role | $195,000 | 2024 |
| David Tegg | Chief Financial Officer | Executive role | $150,000 | 2024 |
| Ngaire Button | Chair | Board or trustee role | $20,000 | 2024 |
| Grant McCallum | Trustee | Board or trustee role | $15,000 | 2024 |
| Janice Van Dort | Trustee | Board or trustee role | $15,000 | 2024 |
| Tim Jones | Trustee | Board or trustee role | $15,000 | 2024 |
| Baljit Bharj | Trustee | Board or trustee role | $15,000 | 2024 |
| Sandra Moffatt | Trustee | Board or trustee role | $15,000 | 2024 |
| David Tuffley | Trustee | Board or trustee role | $15,000 | 2024 |
| Catherine Love | Trustee | Board or trustee role | $12,000 | 2024 |
| Susan Paterson | Trustee | Board or trustee role | $12,000 | 2024 |
| Sue Bidrose | Trustee | Board or trustee role | $12,000 | 2024 |
| Vui Mark Loh | Trustee | Board or trustee role | $12,000 | 2024 |
| Peter McCallum | Trustee | Board or trustee role | $12,000 | 2024 |
| Peter Goodfellow | Trustee | Board or trustee role | $12,000 | 2024 |
| Leanne Southey | Director | Board or trustee role | - | 2025 |
| Paula Guppy | Trustee | Board or trustee role | - | 2023 |
| Keryn Praat | Trustee | Board or trustee role | - | 2022 |
| Alison Hornsby | Chief Executive Officer | Executive role | - | 2024 |
| Sandra Falkner | Trustee | Board or trustee role | - | 2023 |
| Anne Tolai | Trustee | Board or trustee role | - | 2022 |
| Lucy Griffiths | Director | Board or trustee role | - | 2025 |
| Kevin Hickman | Trustee | Board or trustee role | - | 2024 |
| Andrew Dillon | Chief Executive Officer | Executive role | - | 2023 |
| Lynne Gold-Knobel | Trustee | Board or trustee role | - | 2023 |
| Pippa Stevenson | Trustee | Board or trustee role | - | 2023 |
| Peter Hall | Trustee | Board or trustee role | - | 2024 |
| David Houghton | Trustee | Board or trustee role | - | 2024 |
| Kevin Doherty | Chair | Board or trustee role | - | 2023 |
| Jacqui Hansen | Trustee | Board or trustee role | - | 2024 |
| Liz Berryman | Trustee | Board or trustee role | - | 2022 |
| Barbara Silo | Trustee | Board or trustee role | - | 2024 |
| Peter Sandle | Trustee | Board or trustee role | - | 2022 |
| Kelvin Humphreys | Trustee | Board or trustee role | - | 2024 |
| John Dillon | Chair | Board or trustee role | - | 2022 |
| Debbie Hubbard | Trustee | Board or trustee role | - | 2023 |
| Graeme Logan | Trustee | Board or trustee role | - | 2024 |
| Ian Silk | Trustee | Board or trustee role | - | 2023 |
| Graham Crompton | Chair | Board or trustee role | - | 2024 |
Major Funders and Contracts (FY2025)
As disclosed in Trust House Limited's annual report.
- Not disclosed in provided sections — Not disclosed in provided sections
Service Providers
- Jacques Du Toit
- BNZ
- Westpac
- Technology Solutions
- Mangan Graphics Limited
- Technology Solutions
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Trust House Limited
Financial data as at March 2026. Sourced from Charities Services register.
Reasons to look carefully (1)
These structural observations are drawn from public data and are worth considering before a donation. They are not allegations of wrongdoing, and they don’t affect the charity’s letter grade.
- No chair recorded on the registerNo chair or presiding role is recorded in the register for this board of 7. The Charities Register does not require one to be identified, so this is a gap in the public record rather than a finding about the board.
Each signal is a data-driven observation, not a judgement. They fire automatically from the figures filed with Charities Services. A charity can address any of these by filing fuller disclosure or updating its officer register. Methodology: /about/methodology/concern-signals.
$25.6M
$37.9M
$156.3M
191
Financial data from Charities Services annual return (FY2026). Ratings calculated using CharityData v3.1.1 methodology.
Endowment Foundation
Special Entity TypeThis is an endowment foundation that holds investments and provides grants. High reserves are expected and appropriate - this is not an operating charity.
Rating Note: Endowment foundations are rated using specialized criteria that recognize high reserves as appropriate. Metrics like grant distribution rate and investment returns are prioritized over program spending ratios.
Going Concern Uncertainty
The auditor flagged material uncertainty about this charity's ability to continue as a going concern in the 2025 audit. Auditor: Grant Thornton New Zealand Audit Limited.
About
The capacity, rights, powers and privileges of the Company shall be restricted to the carrying on of business and other activities for all or any of the following objects and purposes: (a) such charitable objects and purposes in New Zealand which tend to promote, advance, or encourage education, science, literature, art, physical welfare, culture or recreation; (b) in relation to social housing; to alleviate poverty by promoting actions initiatives and programmes that improve housing affordability for low and middle-income households in New Zealand.
Who We Serve
Key Statistics
Financial Trends
Financial Trends (16 Years)
Revenue Breakdown
Expense Breakdown
API DataBased on annual return data. Detailed program/admin breakdown not available.
Financial Health Dashboard
Based on latest annual return data. Metrics are calculated from reported financial data and may not reflect the full picture. View methodology
Revenue Diversification
HHI (Herfindahl–Hirschman Index) measures concentration across 6 income categories. Lower HHI = more diversified. Score above 60 indicates healthy diversification.
Peer Comparison
Ranked against 500 peers · Community Development (all sizes)
Top Peers in Group
Peers are charities in the same sector and revenue size band. Rankings are based on the latest available data.
Rating History
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Data sourced from Charities Services register and publicly available annual returns. Our datasets may not be complete. Automated analysis can produce errors. Scores are calculated using disclosed methodology and are analytical tools, not investment ratings or recommendations. If you believe any data on this page is incorrect, please contact us at hello@charitydata.co.nz. For informational purposes only. Not investment advice.
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