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Download History Book THE COMMUNITY TRUST OF MID & SOUTH CANTERBURY INC The first 25 years of the Community Trust of Mid and South Canterbury 1988 – 2013 1 Writer Carol Angland Published by Community Trust of Mid and South Canterbury Community House 27 Strathallan Street, Timaru ISBN 978 -0-473-31744-7 All rights reserved. No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by any means (electronic or mechanical, through reprography, digital transmission, recording or otherwise) without prior written permission of the publisher. © 2015 E&OE Without community service, we would not have a strong quality of life. It’s important to the person who serves as well as the recipient. It’s the way in which we ourselves grow and develop. - Dorothy Height 3 4 Contents Acknowledgements ..........................................................................................................................................................................6 Foreword ...................................................................................................................................................................................................................7 How It All Began .......................................................................................................................................................................................9 Trust Bank South Canterbury Community Trust ..................................... 23 Governance and Management ...............................................................................................................35 Donations - Giving Money Away .........................................................................................................57 Guardians of the Fund ...............................................................................................................................................103 Community House ................................................................................................................................................................117 Community Trusts Conference 2012................................................................................. 141 Are We Making a Difference?................................................................................................................ 165 Timeline ............................................................................................................................................................................................................ 187 Board of Trustees and Staff ................................................................................................................................. 188 Community House Tenants ................................................................................................................................. 191 References ................................................................................................................................................................................................ 194 5 Acknowledgements I extend my thanks to all those who have helped with the production of this history. Liz Shea and Clive Callow of the Mid and South Canterbury Community Trust deserve special mention for commissioning the book, enabling access to all the Community Trust documents, minutes and photographs, checking the accuracy of the first drafts, and generally having such enthusiasm for the project. Miriam Clark’s book, The Bank That Lived Here: A History of the South Canterbury Savings Bank, was a major source of information for the Introduction and the history of the early years of the Community Trust. Bruce Timpany’s willingness to share his knowledge of the Bank and the establishment of the Community Trust also has been invaluable. To all the past and present trustees, staff members, Community House tenants, those who work with the Community Trust, and representatives of groups that have been recipients of funding, who were so willing to be interviewed either in person, by telephone or by e-mail correspondence, a very sincere thank you for making the book such a personal history of the achievements of the Community Trust. Thank you also to Beth Strathern for assisting with editing and providing an important objective appraisal of the content. The attractive front cover is the work of Clive Callow. Brenda Agnew is responsible for the professional design and layout of the book. Their expertise is much appreciated. Carol Angland 6 Foreword Acknowledging a milestone event is a worthwhile project and to be able to acknowledge and celebrate the 25 years that the Community Trust of Mid and South Canterbury has been in existence certainly meets that criteria. This book picks up from a previous publication outlining the history of the South Canterbury Savings Bank until its closure in 1988. There was a brief chapter on the formation of the Community Trust in the previous book but the Community Trust has moved on 25 years and now that story needs to be told. As CEO for the last three years I’ve been impressed with what the Community Trust has achieved in the last 25 years. The total donation figure of over $20 million to a variety of organisations and projects and over $3 million to schools and kindergartens is impressive as the Community Trust started with an investment capital base of just $4.7 million and at the end of 2013 had built the capital to nearly $46 million. The vision of creating a vibrant, healthy and caring community has certainly been achieved and the stories retold in this book bear witness to that vision. Each trustee’s tenure in the role is relatively short but as each trustee has come on the Board, they have continued to meet the combined goals of preserving capital while making donations that meet the community’s needs. It is a real balancing act sometimes, especially when investment returns are low but the needs are great. The trustees from the past 25 years can be congratulated on this perseverance and be proud of the successful achievements of the many community organisations that received Community Trust support during this time. The other success story is the Community Trust’s ownership of Community House, in Timaru. This beautiful heritage building purchased in 2006 is home to over 20 different non-profit organisations. This valuable community support hub is a happy mix of health, education, welfare and advisory services along with a Farmers’ Market held every Saturday. There is always positive feedback from the community on the facilities available thanks to the foresight of the trustees and staff who took the big step of setting up Community House. Liz Shea Chief Executive Officer Community Trust of Mid & South Canterbury 7 8 How it all began The best way to find yourself is to lose yourself in the service of others. - Mahatma Gandhi 9 How it all began he inaugural meeting of Trust Bank South Canterbury Community Trust was held in the Bank board room 243 Stafford Street, Timaru, on Monday 27 June T1988 at 2.30pm. In accordance with the provisions of the Trust Bank South Canterbury Community Trust Deed (30 May 1988), Trust Bank South Canterbury Community Trust Inc. had been established as a charitable trust to grow the community funds and donate to community organisations. What Community Funds? What is the connection with Trust Bank? What had happened in the preceding years to enable this Community Trust to operate? This book is primarily the history of the Community Trust of Mid and South Canterbury from 1988 until 2013 but to fully understand and appreciate how the Trust came to be established, it is necessary to look at the part played by the South Canterbury Savings Bank. The South Canterbury Savings Bank One of the last Trustee Savings Banks to be established in New Zealand, the South Canterbury Savings Bank was officially opened on 14 August 1964. A proportion of the bank’s profits was set aside for donations to not-for-profit community groups, as determined by the directors of the bank. For 32 years this region enjoyed a local, community owned and orientated bank. With the sale of Trust Bank to Westpac in 1996 the long association of the bank and the community ended. Trustee Savings Banks The concept of ‘small savings’ which originated in Scotland was brought to New Zealand by the European settlers. The first Trustee Savings Bank in New Zealand opened in Wellington in 1866. Although another eight banks were set up by 1870, only five remained open in 1900 – Auckland, New Plymouth, Dunedin, Southland and Hokitika. Waikato, established nearly sixty years later, encouraged a renewed interest with eight more banks established in the next five years. South Canterbury was one of these. 11 The Trustee Savings Bank Act 1948 This act defined the powers of Trustee Savings Banks as: receipt of money on deposit at interest, and the investment of money. Money could only be received from private individuals and non- profit making organisations. Trustee Banks could not accept commercial deposits. The ‘25 mile rule’ meant that no bank could set up any new branch or agency situated more than 25 miles from the head office. Trustee Banks were designed to encourage small savings. Their primary role was the acceptance of deposits. There were limits on the amount which could be deposited and the level of interest paid. An attraction for investors was that their money was secure as all deposits were government guaranteed. A certain percentage
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