scholarships profile, trustees sbc foundation annual ......march 2015 and is therefore revisited...
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![Page 1: Scholarships Profile, Trustees SBC Foundation Annual ......March 2015 and is therefore revisited here. ... Alan Dalton (Chairman of BOP) Warren Johnstone (Chairman BOT) Justin Boyle](https://reader034.vdocument.in/reader034/viewer/2022052102/603c47b3c4ecfc68b56b23d1/html5/thumbnails/1.jpg)
I have pleasure in presenting the Chairman’s
report for the 36th Annual General Meeting
of the Foundation.
Over the last year, the Foundation has
continued to stand beside the College,
providing active financial support in a
number of important areas. In this way,
the Foundation is making a significant
contribution to the school’s rebuild and
recovery programme. This involvement is
expected to increase in the near future as
the College has asked the Foundation to
work alongside the Old Boys Association
and the Development Office in leading a
major fund-raising campaign for the rebuild
of the Chapel. At the time of writing, the
Foundation is awaiting finalized concept
plans from the College’s working group
before launching this appeal.
Loans to the Board of ProprietorsLast year’s report noted how:
• TheBoardofProprietorshadpreviously
made a request to the Foundation
to forgive the substantial loans the
Foundation had made to that body. The
purpose of the request was so the Board
ofProprietors’balancesheetmightbe
strengthened, thereby putting it in a better
position to carry out the required rebuild
of College facilities.
• TheTrusteesoftheFoundationhad
carefully considered this matter before
deciding to agree to the request.
The principal motivation was that the
Foundation believed that forgiving these
loans would assist the College and speed
up the rebuild.
This matter was formally concluded in
March 2015 and is therefore revisited here.
It is also important as background to several
other developments for the Foundation over
the last year.
Loan to the Board of TrusteesSome years ago, the Foundation had loaned
the Board of Trustees funds to complete
the Centre of Learning. In 2015, the Board
of Trustees requested that this loan be
written off. The sum owing at this time
was $52,000. After due consideration, the
Trustees of the Foundation unanimously
agreed that this loan would henceforth be
interest free and that the principal would
only be payable at a date in the future that is
mutually agreed.
Finance The Foundation recorded a deficit for the
year of $80,505 (compared to a surplus of
$140,686 in 2014). This was largely due to:
• Theforgivenessoftheloansmade
to the College - this was the main
contributor to a very significant decline
in the Foundation’s gross income (from
$287,606 in 2014 to $68,759 in 2015).
• AlackofincomefromtheStPatrick’s
ForestryPartnership-thiswasdueto
a decision by the partners to postpone
logging during 2015 in the expectation
that export prices would rise at a later
date.
The Foundation is one of four Bedean
community groups that function through the
Alumni & Community Development Office.
The others are the St Bede’s College Old
Boys Association (SBCOBA), the SBCOBA
War Memorial & Jubilee Trust, and the North
West Christchurch Community Sports Trust
(NWCCST). All four of these bodies are
not-for-profit and, with the exception of the
SBCOBA, they each have charitable status.
The Foundation’s role is to receive charitable
donations and endowments made by Old
Boys and friends of the College and to apply
these funds to the benefit of the pupils of St
Bede’s.
The secretarial and treasury functionality
for the four community groups is provided
by the College’s Alumni & Community
Development Office. Tony Murdoch
arranges and attends the meetings of all
four organisations. He reports to the College
boards on a monthly basis and, through
the Old Boys newsletter, keeps up a regular
flow of information to the wider Bedean
community. Tony’s work (and the efforts
of the various Trustees and Committee
Members) has ensured that the four
community groups have been well informed
of each other’s activities and have worked
together in a highly cooperative fashion on a
number of important projects.
The Foundation has been an active part
of creating this “open” environment and
believes that such work is a necessary
prelude to the fund-raising challenges that
lie ahead. An example of this activity has
been the staging of reunions and functions
both in New Zealand and Australia by the
SBCOBA. These events help foster a sense
of a Bedean community and, as a happy
by-product, also broaden the base of the old
boys support network.
SBC Foundation Annual Report
Chairman’s Report
St Bede’s College Foundation
Year Ending 31 December 2015
Foundation Profile, Trustees & Officers:The St Bede’s College Foundation is a
registered charitable foundation. It was
established in 1978 and has made a
substantial contribution to the College
over the years.
As at 31 December 2015 the
Trustees were as follows:
Hayden Ryan (Chair)
Brendan Callaghan
Garry Donnithorne
Michael Ensor
Vance Stewart
Andrew Sparrow
Appointed in 2014
Garry Donnithorne
Ex Officio
AlanDalton(ChairmanofBOP)
Warren Johnstone (Chairman BOT)
Justin Boyle (Rector)
Officers
Tony Murdoch Secretary/Treasurer
Margaret Bartholomeusz (Finance)
Auditors
BDO Christchurch
Solicitors
McGillivray Callaghan & Co
Contacts
St Bede’s College Foundation
210 Main North Road
POBox5380
Christchurch 8542
Phone:033750647
Email: [email protected]
Currently the Foundation is responsible for the management of two endowed scholarships. These are the John Twomey Memorial Scholarship and the Fitzgerald Family scholarship. The College is keen to increase the numbers of scholarships available to both day boys and boarders and has asked the Foundation to assist with this process.
The Foundation is responsible for managing scholarship endowment funds and works with the Rector and the Boards to establish the structures for awarding scholarships and for the ongoing management of the scholarship programme. The benefactors of these funds will be the students, staff and the College’s teaching programmes.
Scholarship endowment funds will assist St Bede’s College in perpetuity. The capital value is protected for the benefit of future generations and a percentage of the interest earned through the Foundation is used to fund the scholarships.
Donors are not restricted to individuals. Groupings may wish to endow a specific programme or companies associated with the College may wish to align themselves to a subject or teaching programme.
The Scholarship Endowment programme is designed to:
•Providearangeofscholarshipstosupportboys to attend St Bede’s.
•Helpfamilieswithsonsattendingtheschool, or who are intending to enrol, who are experiencing financial difficulties.
•Offerthewidestrangeofeducationalopportunities to the greatest number of students.
Scholarships
The Fitzgerald Family Scholarship
Inspiring Academic Excellence and Developing Leaders
RESponSE FoRmPlease return this tear off form with your application to register your
interest for the Fitzgerald Family Scholarship.
ConTACT DETAILS:
First Names:
Surname:
Parents Name(s):
Postal Address:
Phone: (Mobile):
Email:
FoR FuRThER InFoRmATIon pLEASE ConTACT:
The Rector
St Bede’s College
PO Box 5380
Christchurch 8542
Phone: 64 3 375 1871
Fax: 64 3 352 0345
Email: [email protected]
The John Twomey Boarding Scholarship
Inspiring Academic Excellence and Developing Leaders
RESponSE foRmPlease return this tear off form with your application if you wish to
apply for the John Twomey Boarding Scholarship.
ConTACT DETAILS:
First Names:
Surname:
Parents Name(s):
Postal Address:
Phone (Bus): (Mobile):
Email:
foR fuRThER InfoRmATIon pLEASE ConTACT:
The Rector
St Bede’s College
PO Box 5380
Christchurch 8542
Phone: 64 3 375 0647
Fax: 64 3 352 0345
Email: [email protected]
Response foRm
ContaCt Details:
First Names:
Surname:
Postal Address:
Phone (Bus): (Mobile):
Email:
sCholaRship options:
OPtiON 1: StudENt SchOlArShiP
Please specify your preference:
OPtiON 2: StAFF SchOlArShiP
Please specify your preference:
OPtiON 3: SPOrtS SchOlArShiP
Please specify your preference:
OPtiON 4: rEgiONAl SchOlArShiP
Please specify your preference:
OPtiON 5: culturAl SchOlArShiP
Please specify your preference:
please RetuRn to:
the development Manager
St Bede’s college Foundation
PO Box 5380
christchurch 8542
Phone: 64 3 375 0647
Fax: 64 3 352 0345
Email: [email protected]
![Page 2: Scholarships Profile, Trustees SBC Foundation Annual ......March 2015 and is therefore revisited here. ... Alan Dalton (Chairman of BOP) Warren Johnstone (Chairman BOT) Justin Boyle](https://reader034.vdocument.in/reader034/viewer/2022052102/603c47b3c4ecfc68b56b23d1/html5/thumbnails/2.jpg)
The Foundation currently holds seven
sharesoutof25intheStPatrick’sForestry
Partnership.Thisprojectwasinitiated
in 1983 and comprises a block of 356
hectares of pinus radiata located in the
hillyareabehindStPatrick’sCollege
Silverstream.
The forest is managed by Forest Enterprises
Ltd (FEL) and harvesting began in
September 2010 and, at the time it was
expected that the harvest would take 4 years
to complete. From the outset it became clear
to the partners that there were three major
complexities to the work and these were the
• Costofroadinginthissteepandgullied
location
• Fluctuatingexportprices
• Problemsassociatedwithhighwinds
In 2014 it was decided to put a halt to
logging as prices had fallen alarmingly.
During the year after due consideration it
was decided to resume logging with a view
to removing all remaining trees. At present
this work is continuing with an expected
completion date of October 2016.
With Murray Ireland’s retirement from the
Foundation Tony Murdoch has taken over
the role of chairman of the partnership. In
order to improve communications, he has
worked with Bernie Lagan and FEL and via
regular tele-conferences and site visits this
group has successfully kept the partnership
informed. I would like to acknowledge Bernie
Lagan’s expertise and advice. It is greatly
appreciated.
St Patrick’s Forestry Partnership
• TheFoundationincreasingitsannual
contribution to the Development Office to
$124,061 (up from $105,029 in 2014).
In doing so, the Foundation continues to
fund what is effectively an operating cost
for the College. In the past, the Board of
Proprietorshadtakenashareofthese
costs, which are now entirely funded by
the Community groups.
Expense for the year were $149,264 (similar
to the 2014 amount of $146,919). The total
assets, at year end, were $1,191,611.
Financial ManagementAs at 31 December 2015, the portfolio
valuation was $597,989 (compared to
$574,099 in 2014).
For many years, the Foundation had been
the beneficiary of excellent advice and
sound investment strategies provided by
NZFinancialPlanning.However,asaresult
of a 2015 review, the Trustees decided to
appoint JB Were Limited as the Foundation’s
investments manager. This decision in no
way reflected on the quality of NZ Financial
Planning’swork,butratherensuredthat
the Foundation remained aligned with the
approach taken by the community groups as
a whole.
The Trustees are very grateful to NZ
FinancialPlanningfortheirlong-standing
support and, as Chairman, I wish to use this
opportunity to thank them for their years of
service.
The Chapel AppealTheBoardofProprietorshasformally
asked the Foundation to lead a fund-raising
campaign to rebuild the College Chapel.
Sadly, the former building - venerated as
the oldest structure on the school campus -
had to be demolished in 2011 as a result of
severe earthquake damage.
The Chapel Appeal will be a major
campaign, and the Foundation plans
to work closely with both the Old Boys
AssociationandtheBoardofProprietors.
At the time of writing, the Foundation is
awaiting finalized concept plans from the
College’s working group. Once these are
received, we will be ready to launch, but in
the meantime the Foundation is carrying
out preparatory work behind the scenes,
along with the Development Office and the
SBCOBA. As one example, the Foundation
and the College have successfully
transitioned Tony Murdoch’s responsibilities
for property (taken up in the aftermath of
the earthquakes) to the College’s General
Manager, Haydn Randall (appointed in
the latter part of 2015). This has enabled
Tony to concentrate fully on his work with
the community bodies and to prepare the
ground for what will be one of the College’s
most significant fund-raising ventures.
As previously reported, it is envisaged that
the principal thrust of the fund-raising
campaign will be to seek “a little from a
lot”. This equates to asking Old Boys and
Friends of the College for their support via
regular weekly or fortnightly giving; with
these contributions being paid through the
Foundation to the Chapel Appeal. Further
details on this campaign will be provided as
it is launched.
Scholarships Through the work carried out by the
Alumni & Community Development Office,
the Foundation has actively sought to
encourage endowments for scholarships.
Such scholarships frequently play a critical
role in assisting boys to attend the College.
Under this scheme, donors are encouraged
to provide a lump sum which is then held by
the Foundation and invested. The interest
generated by each endowment can then
be used to fund the scholarship which is
awarded and administered by the College.
Two recent examples are:
• The Fitzgerald Family Scholarship -
During the year, the Fitzgerald family
donated funds to endow the Fitzgerald
Family scholarship and this was awarded
for the first time to Nicholas O’Connor
from St Canice’s School in Westport,
who started at the College as a Boarder
in 2016. On behalf of both the College
and the Foundation I want to thank the
Fitzgerald family for this very generous
act.
• JP Twomey Memorial Scholarship - In
2004, the late John Twomey left a
bequest of $160,000 to be used as a
scholarship trust. In 2016, the scholarship
was awarded to Harry Smith. The Rector,
Justin Boyle, and Old Boys Michael
Walker and Andrew Sparrow are the
current Trustees for this scholarship fund.
Over the last year, Tony Murdoch
(inassociationwithPaulCaseyfrom
Mackay Bailey Accountants) carried out
a comprehensive review of the various
scholarships available to boys at the College.
Tony’s findings and recommendations
were tabled for discussion and have
resulted in a number of improvements to
the management and visibility of these
scholarships. In addition, the Foundation
was able to identify some scholarship fees
that remained outstanding and to work with
the College and the Scholarship trustees
to ensure all compliance matters are dealt
with in a timely fashion. The record of
scholarships has also been updated (for
example, the origins surrounding several
long-standing awards were “rediscovered”
thanks to Tony Murdoch’s detailed
research).
John ButchardPriortothelastAGM,heldon24August
2015, John Butchard signaled his intention
to step down as Chairman and retire
from the Foundation. I wish to take this
opportunity to thank him most sincerely
for his contribution to the Foundation since
2006 - initially as a Trustee, then as Deputy
Chairman, and finally, over the last three
years, as Chairman. Although I remember
various encounters with “Mr. Butchard”
when his eldest son Tom and I were school
and university friends in the 1990s, my
first formal involvement with the gentleman
I could now greet as “John” was when we
served together as members of the College’s
Centennial Committee. Over the four years
that this body met I appreciated his abilities
as a Committee Member and as the Chair of
the financial sub-committee. Since joining
the Foundation as a Trustee, I have been
similarly impressed with John’s leadership
and financial acumen, his wise counsel and
his unwavering loyalty to the College. These
attributes, along with the many other skills
he has displayed in his years of service to St
Bede’s, have benefitted both the Foundation
and the College. On behalf of the College
and the wider St Bede’s community, thank
you John!
TrusteesI wish to thank my fellow Trustees - Vance
Stewart, Brendan Callaghan, Andrew
Sparrow, Garry Donnithorne, and Michael
Ensor - for their commitment and support
over the last year.
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St Patricks & Moonshine Forests - Harvest Status Map December 2013
0 200 400 600 800 1,000Meters
Date: 23/01/2014
Legend
Legal Boundary
Pad
Built Landing
Planned Landing
Planned Road
Built Road
Built Track
Ground Based
Hauler! ! Overhead Wires
Public Roads - Sealed
Wairarapa 5m Contours
Hydro
Streams
Presently Uneconomic
Reserve
Harvested Areas to November 2013
Harvested Areas December 2013
Harvest Area 2
Harvest Area 4
Harvest Area 11
Harvest Area 12 - Ground Based
Harvest Area 12 - Hauler
Harvest Area 13 - Hauler
Harvest Area 14 - Hauler
Harvest Area 14 - Ground Based
Remaining Stocked Area
AdministrationThe College’s Alumni & Community
Development Office was responsible for the
day-to-day management of the Foundation’s
business. I would like to thank Tony
Murdoch, Jacinta Gardner, and Margaret
Bartholomeusz for all their efforts.
The FutureIn 2016, the overall focus of the
Foundation’s has been to work with
theBoardofProprietorsandtheother
Community groups to ensure that all parties
are aligned prior to the commencement
of the historic Chapel Appeal. A number
of meetings have been held to this end
and the Foundation has agreed to provide
significant resources for this work. The
Trustees have also been anxious to ensure
that the fund-raising efforts will not deplete
the Foundation’s resources and asset based,
and I am satisfied that this concern has
been highlighted and addressed.
As a group, the Trustees are looking forward
to the fund-raising challenges ahead and to
continuing a rich tradition of the Foundation
assisting the College in its times of need.
The first Rector of the College, Fr Graham,
has been rightly lauded for the near-miracles
he achieved in founding St Bede’s twice;
first at its original Ferry Road site and again
at Main North Road. We are confident this
bold spirit lives on in the Bedean community
and that it will come to the fore once again
as we seek everyone’s help in 2017 to
rebuild the Chapel of St Bede.