Graham Quinn
Treasurer
SUMMARY OF CASH HELD BY ALEXANDRA ROTARY AND RELATED TRUSTS
At a meeting of the Alexandra Rotary Club directors held earlier this year it was agreed that club members should be kept advised of the amount of money held by Alexandra Rotary and Rotary-related entities. Below are the amounts held as at 31 March 2021.
ALEXANDRA ROTARY CLUB INCORPORATED $12,014
ALEXANDRA ROTARY CLUB CHARITABLE TRUST $60,0174
VINCE ASHWORTH TRUST $205,352
CENTRAL OTAGO LEND-A-HAND FOUNDATION $19,461
Club directors are likely to discuss options for the money held in the Club accounts which could potentially involve making a donation to the Charitable Trust.
Note that the Charitable Trust trustees have put the following amounts aside
$7,000 for part funding of a tri-cycle for aged people**
$5,000 for possible Covid-19 hardship requests
$4,000 for Poplar Grove landscaping
$3,130 for a Tow and Mow quad-bike attachment for the Community Gardens
$3,245 for textile storage systems at Central Stories**
$2,000 towards the purchase of a trailer and tools for the Boys Brigade**
$846 for the Senior Citizens Bus Trip
** subject to conditions being met
The Charitable Trust also requires $5,000 to be retained for emergencies/disasters
Note also that the majority of the money held by the Vince Ashworth Trust is investments ($198,091) and is not available for distribution
Graham