The Mangere Community Health Trust (MCHT) is in trouble.
Section 41 of the Charities Act requires the filing of Annual Returns.
The last Financial Annual Return it filed was on 17 December 2014. This represented the Financial Accounts to 30 June 2014.
In the auditor’s report it stated “We draw your attention to the net deficit incurred this year and the net current liability position in the statement of financial position. As indicated in Note 16 to the financial statements the trustees have already implemented a number of positive measures on an attempt to improve the financial position of the trust. Unless these improvements are successful, the above conditions would indicate the existence of a material uncertainty that may cast significant doubt about the Trust’s ability to carry on as a going concern.”
Note 16 to the accounts stated “The financial statements for the year ended 30 June 2014 reported a loss of $671,807 and a net current liability position of $389,163. After consideration and making appropriate inquiries, the Trustees have a reasonable expectation that the Trust has and will have sufficient resources to continue its operations in the foreseeable future.”
MOH (taxpayer) funding for the year was $1,446,338.
On 7 July 2017 an application to put MCHT into liquidation was filed in the Auckland High Court. There will be a hearing on 21 August 2017.
On 19 July 2017 MCHT was deregistered.
The Chairman of the Trust is Alf Filipaina (Auckland City Councillor).