It’s great to be able to share with you some of our highlights for the 2018 financial year and also to extend an invitation to join us at our Annual Public Meeting in Taupo to be held on the 24th of August from 3pm.
 
Our key highlights for the 2018 year included:
 

• It has been a good year for BayTrust’s investment portfolio, with investments returning $17m (8%), (2017: $20.4m) for the year.

• As a result of this strong revenue performance, BayTrust’s returns have more than adequately covered the Trust’s expenses of $2.6m (2017 $2.4m) and granting of $5.9m (2017: $4.8m) for the year leading to an overall surplus of $8.6m (2017: $13.3m).

• BayTrust increased its total granting commitments this year by 22% and committed a total of $5.9m in grants (2017: $4.8m) to 199 community organisations with these grants spread equitably across our outcome areas and across our region.

• As a result of our strong financial position we will be able to increase our granting for the current year (FY19) to a record $6.8m which allows us to increase funding across all our funding tiers and outcomes areas as well as create the recently launched Community Amenities Fund to help support inter-generational community and environmental projects.

                                                                                                                                      
For those of you that are interested in the details, below is a link to our 2018 Annual Report which is now available on our website by following the link below:
 
 https://www.baytrust.org.nz/annual-report-strategy

Annual Public Meeting:
 
To find out more about our last year's activities and our also more detailed plans on our future,  we would be delighted if you could join us at our 30th Annual Public Meeting in Taupo.  The meeting will be preceded by light refreshments commencing at 3pm. 
 
Date
24 August 2018

Time
3:00pm to 4:30pm

Venue
“The View” (above Dixie Browns), 38 Roberts Street, Taupo
 
If you wish to attend please email info@baytrust.org.nz or phone 0800 654 546 (for catering purposes) by Monday 20 August to confirm your attendance.