Annual Public Meeting 26 August 2020 1 Karakia Whakataka te hau - - PowerPoint PPT Presentation

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Annual Public Meeting 26 August 2020 1 Karakia Whakataka te hau - - PowerPoint PPT Presentation

Jan 16, 2023 2.56k likes •2.82k views

Annual Public Meeting 26 August 2020 1 Karakia Whakataka te hau ki te uru Whakataka te hau ki te tonga Kia mkinakina ki uta Kia mtaratara ki tai E h ake ana te atakura He tio, he huka, he hau h Thei mauri ora! Whiti Timutimu Trustee

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Annual Public Meeting

26 August 2020

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Karakia

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Whakataka te hau ki te uru Whakataka te hau ki te tonga Kia mākinakina ki uta Kia mātaratara ki tai E hī ake ana te atakura He tio, he huka, he hau hū Tīhei mauri ora!

Whiti Timutimu Trustee

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Agenda

  • Introduction
  • Financials
  • Who and how we fund
  • What’s ahead?

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Introduction

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Where do we hold the trust funds?

Asset Class 31 March 2020 $ Million 31 March 2019 $ Million NZ Bonds $ 31.7 $ 33.3 Global Bonds $ 20.7 $ 20.6 Shares (NZ and Global) $ 95.6 $ 109.1 Private Equity (NZ) $ 15.5 $ 13.7 Cash/Fixed Assets/Other $ 16.3 $ 8.4 Total $ 179.8 $ 185.1 Less Liabilities $ 2.0 $ 1.8 Total Net Assets $ 177.8 $ 183.3

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Fund Managers

  • Equities Portfolio – Elevation Capital & Forsyth Barr
  • NZ Bonds – Forsyth Barr Hastings
  • Global Bonds – Hunter Investments
  • Private Equity – Direct Capital, Morrison & Co, Pioneer Capital,

Waterman

  • Cash – NZ Banks as Term Deposits/On Call
  • Fund Advisor – MCA, Auckland

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Revenue & Expenses

Year End 2020 $Million Year End 2019 $Million Realised Income

$ 6.94 $ 7.52

Unrealised Income

  • $ 5.10

$ 6.20

Total Income

$ 1.84 $13.72

Less Expenses

$ 1.53 $ 1.59

Less Grants Made

$ 6.08 $ 3.53

Comprehensive Income

  • $ 5.77

$ 8.60

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What is the outlook?

  • COVID -19 creating uncertainty in global financial markets
  • Low returns on investments for some time
  • Looking for returns from Private Equity Investments
  • Capital Base $155.6 million
  • Current Reserves of $22.0 million
  • Investments and grants policies intended to allow for volatility and

liquidity to continue granting

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Grants in 2019/2020

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Grants in 2019/2020 – Sector Distribution

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Grants in 2019/2020

  • $ 6.2M approved last year in ECCT Region
  • 490 applicants
  • $130M granted to ECCT regions since 1988
  • Examples of who we made grants to can be found
  • n our website or our Facebook page

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The future – what’s ahead

  • Philanthropy is about doing more than just giving
  • Funding to achieve impact and change
  • Communities are changing
  • Listening to our communities

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Community Priorities

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  • Opportunities for young people
  • Outcomes for children
  • Regional economic

development and prosperity

  • Improved health and wellbeing
  • New housing solutions
  • Healthy environments
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Rangatahi Action Plan

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Young people are a priority for our communities, and we want to work with them to enhance their mana.

rangatahi@ecct.org.nz

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Māori in the Eastern & Central Region

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  • Māori are tangata whenua in Aotearoa.
  • 25% of our region are Māori.
  • 35% of Māori are under 25.
  • The median income for Maori is $25, 725.
  • Treaty Deeds of Settlement have been signed with iwi in large parts of the

ECCT region.

  • Māori is a focus area in the ECCT funding strategy.
  • The Māori Strategy will have a two pronged approach:
  • Internal focus
  • External focus
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Iwi throughout the Eastern & Central Community Trust Rohe

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Ngāti Porou Te Aitanga-ā-Hauiti Ngāti Ruapani Ngāti Tūtekohe Te Aitanga-ā-Mākaki Rongo Whakaata Ngāti Tāmanuhiri Rongomaiwahine Ngāti Kahungunu ki Wairoa Ngāti Raukawa Ngāti Apa Ngāti Kahungunu ki Heretaungā Rangitāne Ngāti Kahungunu ki Wairarapa

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Our Māori Strategy

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Two Pronged approach: Internal focus:

  • Internal review: What resources and knowledge are already in

place.

  • Staff & Trustee survey: Identifying areas to develop and focus on

improving ourselves first. Adopt and maintain policy, internal practices like karakia, use of Te Reo and waiata.

  • Understanding the Treaty of Waitangi and it’s principles.

External focus:

  • Understanding Māori needs in our rohe
  • Engaging and collaborating with Māori
  • Building sustainable relationships with Māori
  • Increasing positive outcomes for Maori that benefit the

community

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Funding in the future

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  • 1. Strategic Fund
  • ECCT working together with community groups
  • Proven initiatives that deliver outcomes for
  • Children and young people
  • Māori
  • Families affected by disadvantage
  • Older People
  • 2. Innovation Fund
  • Funding for communities to develop their own local solutions
  • Opportunities to try new things and develop promising ideas
  • 3. COVID-19
  • Future responses
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Questions

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We will collate any questions, along with the answers, and publish them on our website. www.ecct.org.nz

Thank you for joining us today!

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Karakia

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Kia tau ki a tātou katoa Te atawhai o tō tātou Ariki a Ihu Karaiti Me te aroha o te Atua Me te whiwhingatahitanga Ki te wairua tapu Ake, ake, ake Amine

Whiti Timutimu Trustee