Wednesday 17 January 2018
2016 YEAR IN REVIEW
CHAIRMAN'S REPORTIt is my privilege to present this report on the activities of the Vietnam Veterans (Neville Wallace Memorial) Children's & Grandchildren's Trust for the period 1 January 2016 to 31 December 2016.
During the past year the Trust received $12,569 in donations and this, combined with capital gains from our equities portfolio, saw the Capital Fund increase by over $25,000 to $600,193.
I particularly acknowledge a second generous donation from the Ranfurly Veterans' Trust. For our part we will be associating that donation with the award of the Stan Kidd Memorial Bursary. We certainly value the relationship we have with this Trust and look forward to cementing it further in place.
Since its inception the Trust has made a total of 525 grants ranging in value from $159 to $2,500. In 2016 we awarded a total of 31 bursaries (c/w 32 in 2015) with an average value of $516 The assistance given continues to be wide and varied encompassing the whole gambit of education, sporting and cultural endeavour. 81% of the bursaries awarded went to first time applicants; 87% went to applicants resident in New Zealand; 32% were to the children of Vietnam veterans while female recipients were ahead of their male counterparts 52% to 48%; 68% were aged < 20 years of age; 6% were aged between 20 and 30 years while 26% were aged 31 >.
Our website www.evsayouthtrust.org.nz continues to attract considerable interest so much so that the site register counter reset after it recorded visitor 99,999. I acknowledge the professionalism of our webmaster Wayne Cribb. Wayne is barrister who has an interest in website design. He works for gratis and we thank him for that. I also acknowledge and thank Jimmy Jack's Ribshack of Paihia as the sponsor of our website.
I acknowledge the ongoing support we continue to receive from NZ Post by way of standard post-paid envelopes.
There were no changes to the Board and I acknowledge both their professionalism and support. Anita Killeen continues as our Honorary Legal Advisor and I thank her too. The Trust is in good shape. We can face the future with confidence.
Ross Miller, MNZM, JP