Chairman's Report

CHAIRMAN’S REPORT 2010


A solid year for the Cardinia Foundation where the following was achieved –

- Our new structure was implemented. The previously cumbersome structure of 4 trusts was eliminated and replaced with a charitable company and trust. This will enable us to consolidate all activities into the one vehicle thereby simplifying our reporting and administration. It will also enable us to broaden the scope of our charitable activities.

- A partnership with the Lord Mayors Fund was established. This included the formation of the Cardinia Foundation Trust Account within the Lord Mayors Charitable Foundation. This strategic partnership added a gift of $100,000 to the Cardinia Foundations assets and more importantly opens the door to the wealth of experience and knowledge of the Lord Mayors Charitable Foundation.

- Another successful charity dinner. This event continues as our major fundraiser and possibly the most publicised and attended night on the Shire of Cardinia calendar.

- A combined operating surplus of $65459 and a solid net asset base of $340566.

I would like to personally acknowledge and thank all the trustees for their support throughout the year and a special mention to Michelle Tones who did a fantastic job as the Executive Officer and also Kamya Rook as our bookkeeper.

BRIAN PAYNTER
CHAIRMAN