Page 8 - Biennial Report
P. 8
BIENNIAL REPORT2018-2020
OUR JOURNEY
THE WAY WE PROGRESS
As it is with many whanau around the motu with The Trustees have developed a 5 year strategy
small land holdings, financial sustainability is our which has several phases that build on the one
biggest concern. We do not currently generate before. We are currently in the first Phases “Papa
enough income to fully cover the long term & Hononga” which is about setting the ground
maintenance of the homestead and the rates bill work for the how the trust operates.
for the surrounding whenua. We have been
exploring possibilities to address this. In order Not all parts of the Papa and Hononga phases
for our trust to continue to survive, we are have been completed but every step forward is a
required to change how we operate the Trust. step in the right direction and takes time to get it
The simple act of compiling a report such as this right for the future.
is one example of the changes we are
implementing. Trust deed is still to be completed. See page Appendix for the 5 year strategy.
Our
Strategy
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