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

 

Sky City : Auckland Convention Centre Cost Jumps By A Fifth

SkyCity Entertainment Group, the casino and hotel operator, is in talks with the government on how to fund the increased cost of as much as $130 million to build an international convention centre in downtown Auckland, with further gambling concessions ruled out. The Auckland-based company has increased its estimate to build the centre to between $470 million and $530 million as the construction boom across the country drives up building costs and design changes add to the bill.
More>>

ALSO:

RMTU: Mediation Between Lyttelton Port And Union Fails

The Rail and Maritime Union (RMTU) has opted to continue its overtime ban indefinitely after mediation with the Lyttelton Port of Christchurch (LPC) failed to progress collective bargaining. More>>

Earlier:

Science Policy: Callaghan, NSC Funding Knocked In Submissions

Callaghan Innovation, which was last year allocated a budget of $566 million over four years to dish out research and development grants, and the National Science Challenges attracted criticism in submissions on the government’s draft national statement of science investment, with science funding largely seen as too fragmented. More>>

ALSO:

Scoop Business: Spark, Voda And Telstra To Lay New Trans-Tasman Cable

Spark New Zealand and Vodafone, New Zealand’s two dominant telecommunications providers, in partnership with Australian provider Telstra, will spend US$70 million building a trans-Tasman submarine cable to bolster broadband traffic between the neighbouring countries and the rest of the world. More>>

ALSO:

More:

Statistics: Current Account Deficit Widens

New Zealand's annual current account deficit was $6.1 billion (2.6 percent of GDP) for the year ended September 2014. This compares with a deficit of $5.8 billion (2.5 percent of GDP) for the year ended June 2014. More>>

ALSO:

Still In The Red: NZ Govt Shunts Out Surplus To 2016

The New Zealand government has pushed out its targeted return to surplus for a year as falling dairy prices and a low inflation environment has kept a lid on its rising tax take, but is still dangling a possible tax cut in 2017, the next election year and promising to try and achieve the surplus pledge on which it campaigned for election in September. More>>

ALSO:

Job Insecurity: Time For Jobs That Count In The Meat Industry

“Meat Workers face it all”, says Graham Cooke, Meat Workers Union National Secretary. “Seasonal work, dangerous jobs, casual and zero hours contracts, and increasing pressure on workers to join non-union individual agreements. More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news