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

Annual Public Meeting 26 August 2020 1

Karakia 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 2

Agenda • Introduction • Financials • Who and how we fund • What’s ahead? 3

Introduction 4

Where do we hold the trust funds? Asset Class 31 March 2020 31 March 2019 $ Million $ 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 5

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 6

Revenue & Expenses Year End 2020 Year End 2019 $Million $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 7

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 8

Grants in 2019/2020 9

Grants in 2019/2020 – Sector Distribution 10

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 on our website or our Facebook page 11

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 12

Community Priorities • Opportunities for young people • Outcomes for children • Regional economic development and prosperity • Improved health and wellbeing • New housing solutions • Healthy environments 13

Rangatahi Action Plan Young people are a priority for our communities, and we want to work with them to enhance their mana. rangatahi@ecct.org.nz 14

Māori in the Eastern & Central Region • 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 15

Iwi throughout the Eastern & Central Community Trust Rohe 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 16

Our Māori Strategy 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 17

Funding in the future 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 18

Questions 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! 19

Karakia 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 20