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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
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