✨ BayTrust Annual Report
Chair and Trust Manager report
For the year ended 31 March 2012
In the Bay a “lost summer” weather-wise; the Rena; PSA Virus; and globally the Worst Economic Recovery ever
At times BayTrust’s vision of Strong, Vibrant, Healthy Communities has appeared to be under significant pressure; but Bay of Plenty communities and families and the Trustees who serve them through BayTrust, can reflect on another positive and inspiring year!
In the 12 months to 31 March 2012 the Trust approved a total of $2.3m in grants (2011: $3m) to 162 community organisations including $116,162 in Dillon Scholarships (2011: $117,900) to 64 students with disabilities. During that period the Trust’s investments returned $6.9m (4.8%) (2011: $11.4m, 8.4%).
At year-end actual net Capital was $146.9m, up from $144m at 31 March 2011.
Other highlights of the BayTrust year include:
- The Trust’s growing focus on a “Community Development” approach to all activities, utilising its resources to support communities in addressing their own needs.
- A grant of $129,000 from the Trust’s “high engagement” Henry Duncan Fund to the Whanau Enterprise Development Trust of Te Whaiti to help develop a small farm school.
- Strengthening relationships with the Opotiki District Council through a five-year Memorandum of Understanding and the granting of a further $125,000 to assist with Harbour Development research.
- Further extension of our social lending programme, including a bridging loan to Tauranga Squash Club of $900,000 to enable it to complete the Dame Susan Devoy Squash and Fitness Centre.
- Funding of capacity building opportunities including a two-day workshop for 16 people from across the region to gain knowledge of evaluation, theory of change and programme logic principles.
- Continued support of our flagship CoachForce programme through Sport BOP, and the Rotorua-based BayTrust Rescue Helicopter operated by the Philips Search & Rescue Trust.
During the year under review Trustees Fred Cookson (Opotiki), Linda Hudson (EBoP/Taupo), Barry Kerr (Taupo) and Paula Thompson (WBoP) retired, and Kenneth Brown (WBoP), Bill Cleghorn (Rotorua), Kylie Hawker (Taupo) and Tracy Rea (WBoP) were appointed to the Board. Paula and Barry had served two terms (eight years) and Paula had chaired the Trust from 2007 until standing down from that role earlier in 2011.
BayTrust continues to explore ways to improve its own practices and ways of operating as we work at supporting the people, groups and communities in our region. BayTrust Trustees and staff are honoured to be active contributors to these organisations’ and communities’ many successes.
Our sincere thanks to all Trustees and staff for their enthusiasm, energy and commitment to BayTrust over the past 12 months.
Mary Dillon
Chair
Bruce W. Cronin
Trust Manager
27 June 2012
*Former Bush Council of Economic Advisers Chairman Ed Lazear
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NZ Gazette 2012, No 96
✨ LLM interpretation of page content
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BayTrust Annual Report Highlights
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🏥 Health & Social Welfare27 June 2012
BayTrust, Annual Report, Grants, Scholarships, Community Development
8 names identified
- Fred Cookson, Retired Trustee
- Linda Hudson, Retired Trustee
- Barry Kerr, Retired Trustee
- Paula Thompson, Retired Trustee
- Kenneth Brown, Appointed Trustee
- Bill Cleghorn, Appointed Trustee
- Kylie Hawker, Appointed Trustee
- Tracy Rea, Appointed Trustee
- Mary Dillon, Chair
- Bruce W. Cronin, Trust Manager