The Trusts Annual Report: $3.2 million reasons to love being in West Auckland
West Aucklanders have benefited from $3.2 million in support from the Portage and Waitakere Licensing Trusts (The Trusts) in the financial year to 31 March 2020.
Releasing their annual results this week, The Trusts said they were proud to be part of the West Auckland Community and to help make a difference in people’s lives during a difficult year for so many.
The Trusts Annual Report shows $3.2 million was given to 71 organisations across West Auckland – from Avondale Primary School to the West City Band.
Licensing Trusts are unique in that the support that they offer is provided directly to the area they are located in.
Linda Cooper, President of the Waitakere Licensing Trust, and Pam Nuttall, President of the Portage Licensing Trust said that this year’s contributions demonstrates the value that The Trusts delivers to the local community.
“We’re proud to be an integral part of the West Auckland community and we’re looking forward to working closely with our community in the year ahead.
“These results were before COVID-19 impacted our operations, but our dedication to West Auckland remains unchanged despite these difficult times.”
CEO Allan Pollard was also pleased with the financial performance of the business.
“What was most pleasing is the increase in total asset value of 24% and an equity increase of 6.8%.
“The result is a strong balance sheet with no debt. This is a great platform for the future and means we can keep supporting our community through challenges like COVID-19, which is when we can make the biggest difference.” Pollard said.
Out of the $3.2 million, $1.4 million was provided to Well Foundation’s fundraising goal for a Special Care Baby Unit at Waitakere Hospital. With the population expected to continue to grow in West Auckland, the funding is vital to keep mothers and their babies safe.
$1.6 million was provided to 57 organisations through the annual Million Dollar Mission. Local schools, community hubs, sports clubs and services have been able to help their whānau through The Trusts.
This year, with the effects of COVID-19 impacting both businesses and community organisations, The Trusts has provided $750,000, which includes $500,000 from the Your West Support fund to help organisations who are helping West Aucklanders in this tough time.
As one of the largest employers in West Auckland, the Trusts’ support extends to their employees who have been able to maintain their pay and employment through two successive lockdowns where operations at both venues and stores have been impacted.
“The 2019/20 year had its challenges – particularly as it ended at a time when New Zealand moved into COVID-19 Alert Level 4,” said Allan Pollard.
“We’re hopeful for the 2020/21 year, though there is no denying it will be a tough year for everyone. We’ve had many messages from local organisations to say that the need is greater than it has been before, and funding is less available.
“The support we provide to West Auckland is more important than ever. We will be working hard to continue to help our community where it is needed the most.”Download Annual Report