Kapi-Mana News : April 24th 2012
5 KAPI-MANA NEWS, APRIL 24, 2012 NEWS 4535946AA St Patrick's College SILVERSTREAM WEDNESDAY 2 MAY OPEN DAY 2012 Enrolments for 2013 close Friday 29 June For more information contact: Mrs Dawn Clark, Registrar • 04 527 1354 • firstname.lastname@example.org • www.stream.school.nz SEE THE SCHOOL IN ACTION Presentations in the Chapel: 8.30am, 11.15am, 2.00pm Service and Parts Department WoF Inspections Servicing & Repairs on all Makes & Models. Competitive Tyre price Valet Service available Courtesy Car Available (Booking required) s s s s s s s s s s s e OPEN Mon- Fri 7.30am -5pm The Megacentre, 2 Tutu Place, Porirua Phone: (04) 238 4670 I www.ebbett.co.nz Service Ph: Ian 238 4660 I Parts Ph: James 238 4662 4374937AA Ebbett Porirua Hon Hekia Parata National List MP based in the Mana Electorate www.national.org.nz For enquiries and appointments please P: 04 237 0746 OR E: hekia.parata .email@example.com Address: PO Box 50-551, Porirua 5240 www.hekiaparata.co.nz facebook.com/hekia .par ata Help your child to go far with Kip McGrath Our qualified teachers create individual tutoring programs for your child, using proven Kip McGrath methods of tuition. Tawa Centre 2326461 232 Main Road Tawa kipmcgrath.co.nz Call today for a FREE assessment ZMaths ZReading ZEnglish ZSpelling ZComprehension 4537641AA Trustees 'wiser' after firm failure By SIMON EDWARDS The commercial property downturn and the failure of insulation company EnergySmart has cost Hutt Valley, Porirua and North Wellington people $2.61 million in community funds. Hutt Mana Charitable Trust has filed its June 2011 annual return with the Charities Commission. It confirms the bad news that was expected to ensue when EnergySmart -- a nationwide insulation installation company owned by the trust -- was put into liquidation last September. On behalf of residents, the trust looks after a residue of assets from the 1990s carve-up of power boards and payouts to previous customers. In June 2010 its assets totalled $38.15 million; as at June last year that had slumped to $34.67m. Chairman Ian Hutchings said last week that 2011 was a very sad year for the trust. It s most disappointing but the trust is still alive -- and, I think, better informed and wiser. The 2010-11 net deficit was $2.3m, which comes on top of a $1.24m deficit in the previous year, the latter due to investment funds taking a hit from the global financial downturn. Last August, the trust sold its build- ing at 40-42 Railway Ave in Lower Hutt, occupied in part by EnergySmart, for $1.25m. The sale price represented a $956,478 impairment on its book value. Another $61,000 impairment was suffered on the trust s investment in Smartlinx3, which comes on top of the $725,000 loss on the value of the trust s shares in the broadband company in 2009-10. Trustees believe the final payout from EnergySmart to unsecured creditors, including the trust, will be 40 cents in the dollar. That would mean the trust had lost $1.65m on that venture. Asked if the trust would in future shy away from running its own businesses or investing in private companies, Mr Hutchings said there was a trustee elec- tion every three years. Fast forward 10 years, or even five years, and there could be a completely new set of trustees. Who knows what their view will be at the time. The current trustees will be very wary, I m sure of that. Bright spots in the 2011 report were that the trust gave out $594,419 in com- munity grants and supported energy- efficiency projects to the tune of $403,894. The good news things we maintained but the back-room stuff was bad -- abso- lutely, Mr Hutchings said. The trust s annual meeting will be held at 5.30pm on Thursday, May 17, at Pataka, Porirua. Thifty idea to map out bargain trail Window dressing: Stickers in shop windows will direct Porirua bargain-hunters along an ''Explore and Score'' shopping trail devised by Plimmerton businesswomen. From left, Leanne Pelabon, Kim Kobialko and Emma Wootton. By ANDREA O'NEIL It is hoped finding a vintage treasure will become easier thanks to a thrifty map con- ceived by a group of Plimmerton business- women. The Explore and Score map points shop- pers towards 12 second-hand shops in Plimmerton, Mana, Waitangirua, Titahi Bay, Kenepuru and the CBD, from op shops to vin- tage boutiques. Copies of the map will be available in infor- mation centres and the shops themselves, with printing costs covered by Porirua City Council s waste minimisation team, who were impressed by the scheme s green credentials. It s about saving money, finding exciting bargains, says Emma Wootton, one of the scheme s founders. Ms Wootton, who runs a garage sale-finding website, has spent nine months creating Explore and Score with vintage shop owners Lee McLauchlan and Kim Kobialko and gardening and compost business owner Leanne Pelabon. The women took advantage of a surge in popularity for second-hand shopping, Ms Wootton says. It s cool on three levels. The environment -- that s motivating people increasingly. It matters to people s budgets. People do it for their individual reasons and it s a way of expressing their own personal ability and style. Porirua is a test case. The women intend to make similar maps in Wellington and the Hutt, then take it nationwide. It shows people the whole of Porirua. A lot of people come to the city and say is that it? co-creator Leanne Pelabon says. To win a $240 second-hand shopping spree, email firstname.lastname@example.org with a suggested name for their cheeky kea mascot.
April 17th 2012
May 1st 2012