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La Famia to the rescue

27 August 2010
 
 
La Famia to the rescue
 
Floyds Creative Arts Trust is being placed into liquidation by its trustees. As a result, the La Famia Foundation NZ, one of Floyds’ major stakeholders has made the commitment to purchase the assets of the trust and seamlessly continue the services of the agency.
 
One of Christchurch’s leading social service organizations, Floyds has provided creative arts support for those living on the social margins in the city for over 35 years.  Although earlier this year La Famia agreed to purchase the intellectual property of Floyds to help keep the popular centre afloat, in the final analysis it simply was not enough to overcome Floyds’ accumulated financial woes.
 
Harmon Wilfred, chairman of Floyds and also managing trustee of La Famia, said that the subsequent financial review revealed that the financial boost was insufficient to sustain Floyds under its current financial structure. The review was undertaken by La Famia in concert with Christchurch lawyer Simon Mortlock, who was appointed to the trust in March of this year by the Ministry of Social Development.
 
“The last thing La Famia wanted was to see this wonderful long standing service disappear. But we had to be realistic in terms of finding a solution that was financially viable.  With this in mind, La Famia has stepped in to take over the facility at Fitzgerald Ave and insure the continuity of service.
 
“For the more than 250 visitors per week who currently use our services, they will notice no difference in the quality or the quantity of services provided.  In fact, we’re already looking to enhance our current offering and are hopeful that we will begin by adding a stone carving department, followed by a music and dance component,” he said.
 
La Famia will continue the tradition of working closely with the Ministry of Social Development and the Canterbury District Heath Board, as well as a wide range of social service organisations and government agencies to faithfully serve the Christchurch and greater Canterbury communities.
 
ends

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