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Annual Report 2014 for the Year Ended 31 December 2014

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G.69 ANNUAL REPORT 2014 FOR THE YEAR ENDED 31 DECEMBER 2014 NEW ZEALAND SYMPHONY ORCHESTRA TE TIRA PŪORO O AOTEAROA TO OUR NZSO SUpporters: Thank you. Maestro Circle ($10,000+) Alan & Sandy Bulmer Michael & Judith Bassett Warwick Slinn Denis & Verna Adam John Burton Philippa Bates Robyn Smith Stephen & Julie Bell-Booth Molly Chapman Usha Bhana Trevor Smith Donald & Susan Best Yvonne Chetwin Patricia Bollard Peter & Kay Squires Peter Biggs CNZM & Mary Biggs Community Trust of Southland Hugh & Jill Brewerton Ruth Thomas Sir Roderick & Gillian, Lady Deane Mark De Jong Jenny Brown Jasmine & Kevin Thompson Peter & Carolyn Diessl Alfie & Susie Des Tombe Mary E Brown Hugh & Marion Townend The FAME Trust Margaret Doucas Alison Buchanan & Eric Johnston Judith Trotter Bronwen Holdsworth ONZM Christopher Downs Adrienne Bushell John & Susan Upton JBWere Michiel During & Cathy Ferguson Robert & Penney Cameron Waitaki District Council Paul McArthur & Danika Charlton Waltraut & Dieter Engel Robert Carew Vivien Ward Mary Fitzwilliam Award Ian Fraser Malcolm & Margaret Carr Frank Webster Julie Nevett Ian Fraser & Suzanne Snively Noel Carroll Peter & Jane Webster Anonymous Laurence Greig Angela Caughey Rudolph & Valeria Wenk Dr John Grigor Stuart & Lizzie Charters Joan Wilkinson Virtuoso Circle ($5,000+) Robin Henderson Dion Church Dr Alan Wright Julian & Selma Arnhold Antonia Hill Jeremy Commons & the late Ann Wylie Rex Benson Prof Les Holborow David Carson-Parker Nicola Young Marie & Brendan Brown Tomas & Jan Huppert Janet Cooke Anonymous (17) Holdsworth Charitable Trust Dr Lynnette Jones and Deborah Mills Prue Cotter Infinity Foundation Morgan & Patricia Jones Richard & Valerie Crooks Vincent Aspey Society Dr Hylton LeGrice & Fenton & Felicity Kelly Jane Crosse (Notified Legacies) Ms Angela Lindsay Annette & Ralph Lendrum Tania Dyett Leslie Austin Collin Post & Brenda Young David Lord & Tracy Grant Lord Joan Dykes Murray Eggers Roger Taylor MNZM & Catherine Taylor Ian Macalister Stephen & Virginia Fisher D J Foley The Wallace Foundation Piera McArthur Sas Fookes Maggie Harris Anonymous (3) Claire McDonald Elizabeth Foster Eric Johnston & Alison Buchanan Jennie McInnes Gerrard & Marti Friedlander Anna Marion Orchestra Circle ($2,500+) Athol & Ngaire Mann Bryan Frost Shar Miles H. B. Angus Margaret & Huia Clarke Trust Ruth & Peter Gadgil Mary O’Brien APRA AMCOS Christopher & Jilly Marshall Myles Gazley Mr Robinson Ted & Ann Aspey Patricia Morrison QSM Michael & Creena Gibbons Peter & Juliet Rowe Paul & Sheryl Baines Alison Morton Garry & Susan Gould Keith L Stichbury Lisa Bates & Douglas Hawkins Mike Nicolaidi & Michael Houstoun Cliff Hart Anonymous (11) Blue Sky Community Trust Tim & Lorraine Olphert Ian & Wendy Haynes Virginia Breen Otago Community Trust Dr Graham Hill & Joan Caulfield (Realised Legacies 2007–2014) Allison & Victor Diem Fay Pankhurst Don & Janine Hunn Mrs Ursula Bayfield Diana Duff-Staniland Rev Dr Barbara Peddie Pietari Inkinen (NZSO Music Director) Peter Brooks Eastern & Central Community Trust Ross & Judith Pottinger Geoff & Elizabeth Lee Judith Clark Penelope England & Wendy Lee Gillian Roberts Joanna Leighton Jones & Roger Gill William Clayton Bill & Olive Falconer Ailsa Salt Howard Livingston Frederick Coad Fehl Charitable Trust Sue Scott & Peter Wedde Barbara Mabbett Joan Dingley Invercargill Licensing Ken Sheldrick Margaret Mabbett Margaret Everton Trust Foundation Heather Simpson Ann Mallinson The FAME Trust Mainland Foundation Gendie & Richard Somerville-Ryan Jim Mann Mary Fitzwilliam Nikau Foundation Martin & Catherine Spencer Carole McIntosh Valerie & Kelvin Grant Pelorus Trust Alison Thomson Bruce McKinnon* Allan Silas Jenkins Rotorua Energy Charitable Trust Ken & Mary Thomson Jeff & Marise McNeill Zita Outtrim Peter & Juliet Rowe Dame Catherine Tizard Glenda & Peter Menzies Erika Schorss Les Taylor QC Ann Trotter Shinji & Keiko Morimoto Margaret Trotter A R. (Bob) Wallis Roger & Jenny Mountfort Endowed Funds Anonymous Michael & Margaret Walls Kim & Ian New June Violet Commons Fund Peter & Kathryn Walls Hilary Patton Emma & Jack Griffin Charitable Trust Artist Circle ($1,000+) David Weatherburn & Maxine Dixon Geoff Pearce and Sandra McKie Reeves Harris Orchestra Fund Ron & Joan Adams Carla and John Wild Alan & Luba Perry Michael Monaghan Young Odette Alleyne (née Outtrim) Tim Wilkinson & Lynette Murdoch Glennis, Lady Pettigrew Musicians Foundation & Alan Evans David & the late Helen Zwartz Phillippa Poole & Paul Gilkison Take Note Trust Geoff & Vivien Atkinson Anonymous (10) Tony Reeve Anita Banbury Paul Ridley-Smith & Felicity Wong Mark Barrow Sonata Donor ($500+) John & Helen Rimmer Margie Beattie & John Barlow Jack & Elizabeth Alison Miles Rogers The David & Genevieve Mary Allison Judith Ross Becroft Foundation Jean Atchinson Marcus & Eve Rudkin John & Donna Bennett Leslie Austin Seaway Cleaning Services Ltd *Current musicians with the NZSO. For more information on how you too can become a NZSO Supporter visit www.nzso.co.nz ANNUAL Report The Board have pleasure in presenting the Annual Report for the New Zealand Symphony Orchestra for the year ended 31 December 2014. Donald Best Roger Taylor Board Chair Board Member, 20 March 2015 Chair of Audit Committee 20 March 2015 CONTENTS 2 NZSO: Vision and Mission 3 NZSO: Values 4 Chair’s Preface 6 Chief Executive’s Overview 10 Organisational Health & Capability 13 Governance Statement 14 Financial Statements 15 Independent Auditor’s Report 35 Performance Reporting Framework 2014 36 Performance Reporting: Impacts & Outcomes 37 Output Services Revenue & Expenditure 38 Statement of Service Performance 40 Measurement of Quality Service Performance 44 Sponsors & Funding Agencies 1 NZSO: VISION AND MISSION THE VISION Providing world class musical experiences that inspire all New Zealanders. achieved by THE MISSION Deepening and expanding musical connections and engagement with our communities. through A natIONAL fulltIME FULL SIZE SYMPHONY orcheSTRA which Performs to an international standard is Excellent in performance has Relevant and engaging programming,Reaches large and diverse audiences and asserts Musical and artistic leadership. A symphony orchestra which has Best practice operations,A shared and productive organisational culture,Sustainable management of all resources and Excellent systems and processes. 2 New Zealand Symphony Orchestra NZSO: ValUES FUNCTIONS OF THE ORCHESTRA What We value excellent engagement The functions of the orchestra are outlined in Section 9 WE DO • We identify strongly with one another of the New Zealand Symphony Orchestra Act 2004, and with New Zealanders. as follows: • We ensure that our work is relevant to our audiences • to ensure that the orchestra presents a broad • We communicate openly and honestly repertoire of orchestral performance including with one another and with New New Zealand works and recent works Zealanders • to encourage the development of New Zealand musicians • to encourage the development of New Zealanders’ How We value creative excellence knowledge and appreciation of orchestral music WE DO • We are passionate about our music and • to develop and expand the audience of the IT strive to share it widely orchestra on a national basis • We are innovative and creative in all • to provide a touring orchestra (which may also aspects of our activities include international performances) • We are inspired to be excellent in all our • to carry out any other functions consistent with performances its principal objectives, as agreed to by the Minister after consultation with the orchestra • to co-operate with other similar institutions and How We value excellent relationships organisations having objectives similar to those of the orchestra. WE • We always act with fairness, honesty behave and transparency • We trust, respect, acknowledge and OBJECTIVES OF THE ORCHESTRA support each other • We always act with integrity The objectives of the orchestra are outlined in Section 8 of the New Zealand Symphony Orchestra Act 2004, as follows: • to provide the public of New Zealand with live and recorded performances of symphonic music performed to an international standard: • to provide an orchestra that— (i) is highly skilled and artistically imaginative; and (ii) has strong community support: • to be a leading New Zealand performing arts organisation with a role in the development of a distinctively New Zealand cultural environment: • to promote and encourage New Zealand musical composition and composers: • to provide performance opportunities for New Zealand musicians, whether as members of the orchestra or as soloists. 3 CHAIR’S PREFACE 2014 was a stellar year of music making for the NZSO crowned In the latter part of the year the NZSO recorded the music for the by an outstanding highlight. The festival Beethoven:The filmThe Hobbit: The Battle of the Five Armies, the final instalment Symphonies conducted by Music Director Pietari Inkinen of the Hobbit trilogy. As in the previous year, when the music for presented the nine symphonies in chronological order on four the second film was recorded, this was a major undertaking that consecutive days in Wellington and Auckland. The concerts also contributed significant income at a time when the Orchestra culminated in superb performances of Symphony No 9 with the is managing increasing financial pressures following nearly eight Orpheus Choir and Auckland Choral Society in Wellington and years of fixed funding. Auckland respectively and an excellent quartet of soloists which The
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