Wakatere Sailing Development Trust
For more than 80 years, the Devonport-based Wakatere
Boating Club (established 1927) has been teaching young
people to sail. In that time, many of those young people
have gone on to achieve success in the sport at national
and international level.
However, the high financial commitment of success at elite
level is daunting. With this in mind, a group of
enthusiastic club members have established a registered
charitable trust, the Wakatere Sailing Development Trust,
to assist sailors, primarily from the club, to apply for
and administer funds to enable them to reach their full
potential.
WHO IS BEHIND THE TRUST?
The Settlor of the Wakatere Sailing Development Trust is
internationally-renowned yachting commentator Peter Montgomery.
The Trustees are:
Murray J. Henshall MNZM, a chartered accountant who provides management
consultancy advice to professional service organisations, in particular
law firms.
He has two significant governance roles – with a small public company and the Melanesian Mission Trust Board.
For 25 years Murray was a trustee of Framework Trust, which provides a
range of community-based services to those who have suffered from
mental ill health. For 18 years he acted as chairman.
Bob McCutcheon came to New Zealand eight years ago with his Kiwi wife
and three children, having spent 15 years in Bermuda building an IT
consultancy firm. While in Bermuda, Bob sailed extensively, including
competing in two world championships, in keelboats. Now using his
experience as a Waterwise and Club Instructor, Bob currently runs a
management consultancy company from Devonport.
Malcolm Tubby has sailed from childhood and currently sails a Sunburst
with one of his four children at Wakatere Boating Club and keel boats
with other members of the club at the Royal Yacht Squadron.
He is a chartered accountant and provides financial consultancy to several Auckland and North Shore companies.
Bruce Yarnton and his wife Karen have two teenage sons, Josh and Luke,
who both learnt to sail at Wakatere Boating Club. A keen recreational
sailor, Bruce is a long-standing member and past-Commodore of the club.
Born and bred in Devonport, Bruce has been the owner and operator of a
successful retail business for the past 25 years and is keen to help
young sailors take the next step to being the best they can be on the
international stage.
The Commodore of the Wakatere Boating Club will also be a Trustee for the duration of their tenure.
WHY ESTABLISH SUCH A TRUST?
The Trustees have recognised that most parents can only afford to
support their children to a certain level in sport – especially
in expensive, equipment-based sports such as yachting.
Some of Wakatere’s top young sailors have already been to
national and world championships at considerable expense to their
families.
However, to enable them to step up to the next level, the Trust will
assist them to apply for grants and help them to administer funds
received.
WHO WILL BENEFIT FROM THE TRUST?
The Trust has been established to help elite young sailors primarily from the Wakatere Boating Club reach their potential.
These young achievers include:
Chris Steele – Optimist World champion; Splash World Champion
Mark Perrow – Second in the World OK Dinghy championship;
Paul Snow-Hansen – Silver at Optimist World Champs; Silver World Youth Champs, 29er; NZL Sailing Team 2010 - 470
Kate Ellingham – Second NZ female in the World RSX championship; NZL Sailing Team 2010 - RSX
Mike Snow- Hansen - Seventh in the World 420 championship
Logan Dunning-Beck – Tanner Cup champion; ninth in the World Optimist champs; Starling & 420 National champion 2010
Finn Drummond - Silver 420 World Champs 2009
WHAT IS THE ROLE OF THE TRUST?
The Wakatere Sailing Development Trust has been established to act as a
facilitator for raising funds to assist elite young sailors striving to
excel in their sport. It is envisaged that the Trust, as a charity and
an independent, professionally-managed entity, will be able to access
sources of funding that may not be available to individuals.
HOW DOES THE TRUST WORK?
It is not intended that the role of the Trustees is to go out and find
donor funding for the beneficiaries. Nor is it intended that the Trust
will accumulate a significant pool of funding and then seek to find
beneficiaries.
Instead it is envisaged that aspiring beneficiaries who meet the
eligibility criteria will prepare applications for the Trust to help
them locate, perhaps with the Trustees’ assistance, sources of
potential funding.
Some funds are required for administration costs and legal fees, in order to keep the Trust viable.
HOW CAN I MAKE A DONATION TO THE TRUST?
Cheques made payable to Wakatere Sailing Development Trust can be
deposited in the Wakatere Sailing Development Trust’s
account: ASB 12 3107 0058054 00
Or, for more details, contact the Secretary, Malcolm Tubby: 021 36 88 69 or 09 445 1938
Click here to download printable brochure
FUNDING GUIDELINES
General Information
The Wakatere Sailing Development Trust (The WSDT) has been established
to act as a facilitator for raising funds to assist Wakatere’s
elite sailors to excel in our sport. The Trust will assist sailors from
the Club to apply for, and administer, funds to enable them to reach
their full potential as they compete in major regattas. The WSDT
will also, from time to time, have funds at its disposal and sailors
are requested to apply for these funds, should they meet the
criteria.
WSDT's main criteria for approval of sporting grants are:
Is the funding necessary to participate in the sport/event (not just a nice to have)?
Will funding help achieve participation in, and development of, the sport or individual?
Funding requests must be for future spending, not for expenditure already incurred when the WSDT receives the application.
Permissible Funding Areas
The following items are examples of where funding will be considered, but applications are not limited to these items.
• Travel and Accommodation
• Equipment
• Regatta Costs
• Insurance
Exclusions
The following exclusions should be noted.
• In all instances, any funding for overseas
travel will be for airfares from the point of departure to first point
of arrival unless the situation and purpose are exceptional.
• The purpose of the travel must be for an
authorised purpose and the travel expenses claimed are actual and
reasonable (no first class or business class travel costs will be met).
• Partners' and supporters' costs are not considered an authorised purpose.
Conditions of Funding
• In the event that the funds are not
used in a manner which complies with the conditions of this
application, or the grant is a breach (as determined at the sole
discretion of The WSDT) of The WSDT’s authorised purpose
statement, the funds shall be returned in full to The WSDT upon 7 days
notice.
• All funding must be used for the purpose
approved within 3 months of the funds being made available (or any
later date agreed by The WSDT in writing).
• Copies of invoices, receipts and bank
statements must be provided to The WSDT within 3 months of the funds
being made available to verify that the funds have been used in
accordance with the purpose approved.
• Any funding which is not spent on the purpose
approved must be returned to The WSDT within 3 months of the funding
being made.
Click here to download a copy of the Guidelines in Word format.
Click here to download a Funding Application Form
Link to Wakatere Boating Club web site