✨ Community Trust Annual Report
THE COMMUNITY TRUST OF MID & SOUTH CANTERBURY INC
CHAIRPERSON’S REPORT
FOR THE YEAR ENDED 31 MARCH 2011
The most significant local events during this financial year have been the Canterbury earthquakes. The Community Trust has assisted by providing accommodation for the Presbyterian Support Service’s Family Works Community Response Team, storage of items donated to the Salvation Army and grants to community groups whose activities have been directed towards helping those people affected by the earthquakes. The impacts of this natural disaster are ongoing and the Trust will continue to provide appropriate support where it can.
FINANCIAL POSITION
The Trust has had another positive year with the Trust Fund being valued at $43,982,029.00 as at the 31st of March 2011, a vast improvement on the value as at the 31st of March 2009 of $36,246,467.00. Trustees are cognisant of the constant changes in the world’s financial markets and make carefully considered decisions to ensure that risks are mitigated and returns are maximised. That the Trust’s investments have performed well this year is again a credit to the astute investment advice received from Michael Chamberlain of MCA (NZ) Limited.
TRUSTEES
This year was sadly marked by the untimely death of Pauline Wilson. Pauline had only just been appointed as a Trustee so we never got to enjoy the benefits of her wide community knowledge and depth of skills. The resignation due to ill health of Trevor Linyard was also a big loss to the Trust. Trevor was a dedicated Trustee serving the Trust for almost four years and bringing to the Board Table his compassion for people from all walks of life.
The terms of appointment of Wynne Raymond, Heather Sim and Stephen Wills expired during the year. With a Trust Board consisting of ten trustees appointed by the Minister of Finance, the make-up of the Trust Board has undergone a significant change.
Heather Sim, who served two four year terms on the Trust, was an active and conscientious Trustee, capably chairing the Finance and Investment Committee and supporting the work of the Trust. The special permission required in order to have Stephen Wills appointed as a Trustee was certainly warranted. Steve’s in depth knowledge of the Mid and South Canterbury communities, ability to clearly and concisely articulate his views and great sense of fun, were all valuable contributions to the Trust.
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NZ Gazette 2011, No 132
✨ LLM interpretation of page content
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Financial Statements of The Community Trust of Mid & South Canterbury Inc
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💰 Finance & RevenueFinancial Statements, Community Trusts Act 1999, Mid & South Canterbury
6 names identified
- Pauline Wilson, Deceased Trustee
- Trevor Linyard, Resigned Trustee
- Wynne Raymond, Trustee term expired
- Heather Sim, Trustee term expired
- Stephen Wills, Trustee term expired
- Michael Chamberlain, Investment advisor