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NEW ZEALAND GAZETTE, No. 105

7 SEPTEMBER 2006

that will measure and compare the sector in New Zealand with that of 41 other countries. This important exercise will have
a positive impact on the response of central government to the voluntary sector at large.

Carole Brand succeeded Peter as the chairperson. Trustees are appointed by the Minister of Finance for a term of four years.
Trustees may be appointed for a further term and, in rare circumstances, for a third term. While the trust supported the
appointment of Carole Brand for a third term, it was unsuccessful and so we lost the benefit of Carole’s vision and
considerable skills in May 2006.

We will be paying tribute to Peter, Carole and Huriata Weeks more appropriately in next year’s annual report.

Staff and Advisers

My thanks to John Wilson, the trust’s executive manager, and Sally Marsh, the administration officer, for the valuable
contribution that they make to the running of the trust. They should both be complimented on the manner in which they
appropriately respond to all those who approach the trust, both for grants and for general funding advice.

To Paul Wolffenbuttel, who provides the trust with financial advice and assistance, to Michael Chamberlain our investment
advisor and to the trust’s other professional advisers, we express our appreciation for the services they provide to the trust.

Volunteers

The volunteers, who so untiringly give their time and energy to so many causes, make a huge impact on the well-being of our
community. Recognition of the contribution volunteers make to society is being enhanced through the work of the office for
the community and voluntary sector, which is part of the Ministry of Social Development. The value of the contribution made
by volunteers is also the subject of an international study being conducted by the Johns Hopkins University (U.S.A) All the
community trusts in New Zealand are supporting this study.

Donations

In 2005, the trust introduced a quarterly donation policy for applications up to and including $1,000.00 The policy was placed
on a 12-month trial, with an annual allocation of $50,000.00. To date, this policy has proved to be very successful in meeting
the trust’s objective to better meet the needs of the community by providing funding for groups at times that best suit those
groups. This trial will continue until February 2007 when it will be reviewed by the trust.

Readers of this report will be able to note from the annual accounts the diversity of the donations made during the year. It is
always a very difficult task to allocate monies when there are not enough to meet the total applied for. In determining
donations, the trustees must take into account the social and other needs of each community, the provisions of the donation
policy and then make a fair and equitable distribution. This is a challenging task but we are satisfied that our systems ensure a
fair and equitable distribution across the region.

The trust’s evaluation processes tell us that the grants provided do make a positive difference, no matter how small. We also
know that the other advice offered by the trust in trying to secure funds has been beneficial to many groups.

Finally, one of the most rewarding aspects of being a trustee of this trust is the opportunity to meet with some of the most
caring, compassionate and committed people in our community, who are devoted to providing a wide range of services to those
in society who, for various reasons, would otherwise miss out. As trustees, our association with such groups and individuals
constantly humbles us.

NICOLA HORNSEY, Trustee.

Date: 31 March 2006.

Consolidated Statement of Financial Performance for the Year Ended 31 March 2006