CHAIRMAN’S REPORT 2020
The Trusts Community Foundation (TTCF) continues to derive an immense amount of satisfaction from the support we are able to provide for the many communities in which we have a presence.
It has always been about local distribution for this Foundation and it always will be.
In the last financial year ending 31st March 2020, TTCF returned just under $11 million or 44.84% of its net revenue to authorised purposes. The directors did have a really difficult decision to make at our last Net Proceeds Committee meeting on the 23rd of March i.e. do we retain funds in anticipation of a Covid-19 lockdown or do we continue supporting the various worthy causes that were sitting in front of us. In the end it came down to our desire to meet our moral and legislative obligations and as they say the rest is history.
The distribution was also well balanced among the four main categories of grants as is illustrated in the table below i.e. Community Wellbeing (41%); Education (16%); Environment, Heritage & Arts (12%); and Sport & Recreation (31%). The TTCF board consciously adjusts its funding strategies to try and best match each region’s local needs and priorities.
TTCF, like all funding agencies, never have enough available funds to support every single application that we receive and while I and my fellow directors do place a lot of priority on helping as many as we can, there are always some that are going to miss out. I sincerely hope that even though this Foundation has not been able to help, other funding providers have been able to step up to the mark in a lot of instances.
Our online application system is fully operational and in fact applicants are only able to submit their applications to our Grants Office via this system from this point onwards.
Online gambling websites remain the biggest threat to the Class 4 Gambling sector and dare I say it the flow-on effect is always going to be a downturn in community funding. While the Department of Internal Affairs (DIA) has signaled its intention to block and/or regulate the online gambling sector we are yet to see any results.
As always, TTCF directors and management wish to acknowledge management and staff at all of our very loyal venues for their continued support, as well as maintaining professional operating standards. We are also privileged to be able to receive input from publically elected trustees of member Licensing Trusts and the likes regarding applications received from within their local areas.
As your new Chairman I also wish to acknowledge the input from my fellow directors, and also the TTCF team for its dedication and hard work. This has been a particularly challenging time, especially with the whole hospitality sector being put into enforced lockdown for 8 weeks. The viral pandemic crisis and economic disruption will be a true test of governance, directors, boards and chairs going forward.
I wish to take the opportunity to thank the past Chairman Ross Clow, who has worked tirelessly for the community as an elected member of the Portage Licensing Trust and on the TTCF Board for numerous years. His knowledge and expertise within the community will be greatly missed.
New Zealand is very fortunate to have this particular funding model available to support community groups in every part of the country. Whilst our primary role is to be a part of the funding model, I never cease to be amazed by the dedication and community spirit that prevails throughout this wonderful country and I thank each and every one of you for playing your part in making it the best place in the world right now.
Warren Flaunty QSM