Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


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

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>

ALSO:

Half A Billion Accounts: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>

Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>

ALSO:

Half Full: Fonterra Raises Forecast Payout As Global Supply Shrinks

Fonterra Cooperative Group, the dairy processor which will announce annual earnings tomorrow, hiked its forecast payout to farmers by 50 cents per kilogram of milk solids as global supply continues to decline, helping prop up dairy prices. More>>

ALSO:

Results:

Meat Trade: Silver Fern Farms Gets Green Light For Shanghai Maling Deal

The government has given the green light for China's Shanghai Maling Aquarius to acquire half of Silver Fern Farms, New Zealand's biggest meat company, with ministers satisfied it will deliver "substantial and identifiable benefit". More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news