Greasy Chain Charitable Trust Board — Health Charity in Palmerston North

Greasy Chain Charitable Trust Board is a Trust charity in the Health sector, based in Palmerston North, Palmerston North. This organisation also provides funding to other charities. CharityData rates this charity B- (71.5/100). Annual revenue: $0.0M NZD. Financial data as at March 2026.

Mission: The Greasy Chain Charitable Trust was borne of a passion for cycling in New Zealand as a means to: 1. Improve public health (particularly the reduction of obesity and type two diabetes) through regular, healthy, outdoor exercise. 2. Reduce the current levels of increasing work-related stress in today’s work environment. 3. Provide greater independence for people, particularly older people unable to drive. 4. Over time, increase the amount of urban cycle trips taken by the public and thus reduce

Registration Number
CC56781
Charity Type
Trust
Registration Date
2019-06-20
Status
Active
CharityData Rating
B- (71.5/100)
Sector
Health
Location
Palmerston North, Palmerston North
Email
adamsjohn1311@gmail.com
Funder Status
Grant-making charity (charitable_trust)
Data as at
March 2026

Beneficiaries: Children / young people, General public

Financial Summary

Total Revenue
$0.0M NZD
Total Expenses
$0.0M NZD
Reserve Months
114.4 months of operating expenses
Financial Year End
2026-03-31

Financial History

YearRevenueExpensesNet Assets
2026$0.0M$0.0M-
2025$0.0M$0.0M-
2024$0.1M$0.1M$0.1M
2023$0.1M$0.1M$0.1M
2022$0.0M$0.0M$0.0M
2021$0.1M$0.1M$0.0M
2020$0.1M$0.1M-

CharityData Rating

Overall Grade
B-
Overall Score
71.5/100
Financial Score
70
Governance Score
75
Transparency Score
65

Board Members and Officers

Current Officers (9)

NameRoleAppointed
Helen WorboysTrustee2026-07-14
Vivek SinghTrustee and Treasurer of the Board2026-06-03
Alice WilliamsonTrustee Chair of the Board2024-08-07
Gaurav BhatnagarTrustee Social Media2024-05-07
Zoë WoodTustee2023-06-07
Janine AnnandaleTrustee2023-06-07
Malcolm BaileyTrustee2023-03-08
Robert SeldenAdvisor to the Board2021-12-06
Matthjis van WagtendonkAdvisor to the Board2018-06-19

Former Officers (19)

  • Swethasree Yellepeddi — Trustee Secretary Treasurer of the Board (departed 2026-07-14)
  • Ting-An Chiang — Trustee (departed 2025-09-03)
  • John Adams — Trustee (departed 2025-09-03)
  • Christopher Channing — Treasurer (departed 2023-01-04)
  • Gary de Beer — Trustee (departed 2023-03-08)
  • Kevin Darling — Trustee (departed 2022-11-02)
  • Walter Dickason — Trustee (departed 2022-12-07)
  • Paul Cocks — Chair (departed 2021-12-06)
  • Johannes Serfontein — Trustee (departed 2022-02-01)
  • Andries Oelofse — Trustee (departed 2025-01-01)
  • Winston Briggs — Trustee (departed 2021-11-01)
  • Michael Buckendahl — Trustee (departed 2021-04-27)
  • Laura Briggs — Trustee (departed 2021-05-25)
  • Jeremy McGuire — Trustee (departed 2021-11-01)
  • Stephen Stannard — Chair (departed 2020-06-22)
  • Anthony McLaughlan — Trustee (departed 2020-06-22)
  • Brendan Hapeta — Trustee (departed 2020-06-22)
  • Joanne Holdaway — Trustee (departed 2020-06-22)
  • Colleen Sheldon — Trustee (departed 2020-06-22)

Funding Sources

  • Mainland Foundation Limited — $24,671

Similar Charities in Health

FunderHealthTrustCharitable Trust

Greasy Chain Charitable Trust Board

CC56781Palmerston North, Palmerston NorthRegistered 20 Jun 2019
Data updated: 6 days ago
Financials6mo agoRating4d ago

Financial data as at March 2026. Sourced from Charities Services register.

B-
72/100
Balance sheet from 2024 used (not reported this year)
Financial
70
Governance
75
Transparency
65
Revenue

$1.4K

Expenses

$6.1K

Financial data from Charities Services annual return (FY2026). Ratings calculated using CharityData v3.1.1 methodology.

Endowment Foundation

Special Entity Type

This is an endowment foundation that holds investments and provides grants. High reserves are expected and appropriate - this is not an operating charity.

Rating Note: Endowment foundations are rated using specialized criteria that recognize high reserves as appropriate. Metrics like grant distribution rate and investment returns are prioritized over program spending ratios.

Funder Profile

Grantmaker

This organisation makes grants or donations to other charities and organisations.

Funding Sectors
HealthEnvironmentArts & Culture
Beneficiaries
Elderly
Geographic Focus
Nationwide

About

Mission

The Greasy Chain Charitable Trust was borne of a passion for cycling in New Zealand as a means to: 1. Improve public health (particularly the reduction of obesity and type two diabetes) through regular, healthy, outdoor exercise. 2. Reduce the current levels of increasing work-related stress in today’s work environment. 3. Provide greater independence for people, particularly older people unable to drive. 4. Over time, increase the amount of urban cycle trips taken by the public and thus reduce

Who We Serve

Beneficiaries
Children / young peopleGeneral public

Key Statistics

Annual Revenue
$1.4K
Total Expenses
$6.1K
Net Assets
-

Financial Trends

Financial Trends (7 Years)

Revenue Breakdown

Expense Breakdown

API Data

Based on annual return data. Detailed program/admin breakdown not available.

Financial Health Dashboard

Cents to the Cause
100c
For every $1 spent, 100c reaches programs
Strong
Sustainability
109.8mo
Could operate 109.8 months with zero revenue
Over-capitalized
Fundraising Cost
-
No fundraising data
No data

Based on latest annual return data. Metrics are calculated from reported financial data and may not reflect the full picture. View methodology

Revenue Diversification

38
Score /100
Concentrated
HHI: 6,240
Investment Income74.9%
Donations25.1%

HHI (Herfindahl–Hirschman Index) measures concentration across 6 income categories. Lower HHI = more diversified. Score above 60 indicates healthy diversification.

Peer Comparison

Ranked against 265 peers · Health · Under $100K

Rating Score
72
#28/266
Revenue
$1K
#235/266
Reserve Months
114.4
#1/266
Surplus
$-5K
#191/266
Staff Cost %
0%
#1/266

Peers are charities in the same sector and revenue size band. Rankings are based on the latest available data.

Rating History

B-
2026
Score: 71.5
Financial: 70 | Governance: 75 | Transparency: 65
Current
B
2025
Score: 75.5
Financial: 80 | Governance: 65 | Transparency: 65

Rating

B-
Score: 71.5/100
Financial
70
Governance
75
Transparency
65
Why this grade: Financial 70 × 40% + Governance 75 × 60% = 73 → 72 after red-flag penalties → B-.
View Full Score Breakdown

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Contact Details

Address
Palmerston North, Palmerston North

Registration

Registration NumberCC56781
Entity TypeTrust
Registered20 Jun 2019
StatusRegistered

Companies Office

StatusRegistered
Entity TypeCharitable Trust
Incorporated10 Jul 2018
Registered office
54 George Street Palmerston North 4410, Palmerston North

Sector & Activities

Primary Sector
Health
Activities
Provides advice / information / advocacyProvides services (e.g. care / counselling)

Data sourced from Charities Services register and publicly available annual returns. Our datasets may not be complete. Automated analysis can produce errors. Scores are calculated using disclosed methodology and are analytical tools, not investment ratings or recommendations. If you believe any data on this page is incorrect, please contact us at hello@charitydata.co.nz. For informational purposes only. Not investment advice. Last updated: 30 September 2026.