ANNUAL REPORT 2019 tsb community TRUST VISION

To be a champion of positive opportunities and an agent of benefi cial change for Taranaki and its people now and in the future. Kia tŪ hei kaihĀpAi ki te whakatairanga i ngĀ kŌwhiringa, Ā, hei kaiwhakawhanake i ngĀ iwi o Taranaki ki Ānamata. With a focus on Child and Youth Wellbeing.

TSB COMMUNITY TRUST WAIATA

Nā Hemi Sundgren Music Composi on: Nganeko Eriwata – Te Wharekura o Te Pihipihinga Kākano mai i Rangiātea

HE PAO Oranganui

Ko te oranganui te waka Our kaupapa is empowerment and sustainability Ngā hoe o uta ko te tika, ko te pono Working together, genuine and true Ko te manawanui ē Success through courage and resilience Ko Taranaki te punga Mount Taranaki is our anchor He toi whenua, he toi tangata Secure in our people and our land Ki te ata tauira ē ī Growth into the future

WAIATA

Taranaki mounga, Taranaki tāngata ē Taranaki Mounga, Taranaki communities tū kau i te uru, Along our western shores Ākina a-hau, ākina a-tai kia manawanui Exposed to the elements, heavy winds and strong swells - we stand resolute

He toi whenua, he toi tāngata, ko te whakakorikori ē Resolute in our commitment to empower and Te kaupapa o te waka nei, ko te oranganui ē enable - the region, land and people

Tuia mai ko te tangata, ki ngā kaupapa nui ē, Agents of beneficial change, connecting people, ko te oranga mō te hapori, ki te ata tauira visioning positive opportunities without boundaries

He toi whenua, he toi tāngata ko te whakakorikori ē Resolute in our commitment to empower and He toi whenua, he toi tāngata ko te whakakorikori ē enable - the region, land and people CHAIR AND CHIEF EXECUTIVE REPORT Tēnā koutou, tēnā koutou, tēnā koutou katoa.

Welcome to the TSB Community Trust Annual Report for 2019.

2019 has been another successful o Taranaki and Te Runanga o Ngā extensive experience and knowledge and producঞ ve year for the TSB Mūtunga. We were very pleased in the to the Trust Board table. In May 2019, Community Trust (Trust) with later part of this year to formalise these Trustees Keryn Broughton and Te Aroha signifi cant developments on both a rela onships through the signing of Hohaia completed their terms with the strategic and operaঞ onal level. The Memorandums of Understanding. Trust. Both Keryn and Te Aroha have been great ambassadors for the Taranaki Trust’s philanthropic support of our We have also con nued to implement community, and we would like to thank region conঞ nues to grow with over our Community Investment and Funding them for their valued input. With eff ect $10 million in total grants paid out Strategy that was introduced in April 2017. from the 1st of June 2019, we welcomed and commi‚ ed this year, bringing Our Strategic and Philanthropic focus the newly appointed Trustees Nicola our total contribuঞ on to over $137 has enabled us to con nue to explore Ngarewa and Wharehoka Wano. million since 1988. Innova ve Philanthropy through our Te From an opera onal perspec ve we Over the past year TSB Group Ltd, the Rau Matomato project. The Trust also reviewed our staffi ng structure and Trust’s Investment Management en ty, fi nalised our Impact Inves ng guidelines resources in 2018 and we have increased has con nued to engage proac vely and will look to implement these in the our staff team. In January 2019, we with the Trust’s two key assets, TSB and coming year. These guidelines will assist greeted three new staff members; Glen Fisher Funds, to monitor investment the Trust when considering opportuni es West, our new Business and Opera ons performance and ensure posi ve that are to create measurable and Manager, Yvonne Nelson, Finance outcomes for all par es. The Directors of benefi cial societal and/or environmental Assistant and Business Analyst and TSB Group Ltd are; Harvey Dunlop, Robin outcomes as well as the return of any Liza Fisher, our new part- me Grants Brockie, Guy Roper, Te Aroha Hohaia, capital outlay. Assessor. In February 2019 we also said and Ainsley Luscombe, all are Trustees On 19 July 2018, a er a long legisla ve farewell to long serving staff member of the TSB Community Trust. The Trust process the Trust’s boundary was Danae Etches who is off to explore new is the 100% owner of TSB and also has a extended to align with the South Taranaki opportuni es. controlling share in Fisher Funds. In June District Council Boundary, enabling On behalf of the Trustees, Management 2018 Trustee appointments were made the Trust to extend support to Taranaki and staff we wish to thank our community to the TSB and Fisher Funds Boards; Guy southern communi es including Pātea volunteers for your work suppor ng Roper was appointed to the Fisher Funds and Waverley. Since the southern our communi es around the mounga. governance board while Peter Dalziel and boundary expansion, the Trust has held Without your contribu on the Trust Harvey Dunlop were appointed to the numerous workshops and community would not be able to carry out its TSB governance board. engagements in South Taranaki to community funding ac vi es to the It is important to remember that we promote the boundary change and extent it does. would not be able to achieve all that we promote opportuni es to access possible We would also like to acknowledge our do within our community without the funding for the region. It is excellent to strategic partners; your commitment and con nued performance of both TSB and see the enquiries and applica ons from drive towards improving wellbeing in our Fisher Funds. By banking with TSB and within the Pātea/Waverley area increase communi es is remarkable, and the Trust having your Kiwisaver with Fisher Funds, and we look forward to engaging more is proud to be working with you. you are helping to contribute to the with these communi es in the years wonderful community of Taranaki. The to come. Grants to these communi es Finally – our thanks to the Trustees, ongoing fi nancial performance from both considered and approved in the past Management and Staff of TSB companies will result in increased support fi nancial year are listed in this report on Community Trust who work very hard to for the Taranaki community in years to pages 12 to 13. deliver on the Trust’s vision and remain come. commi ed to the region. Hayden Wano, our esteemed former On the Philanthropic side, the Trust Chair re red in 2018, on behalf of the remains commi ed to developing Trust we thank Hayden for his signifi cant Ngā mihi nui opportuni es to increase our engagement contribu ons, and we are very grateful Harvey Dunlop, to now have Hayden as our Kaumatua with key stakeholders and has priori sed Chair (from June 2018) opportuni es to strengthen and moving forward. Kelly Marriner also build new rela onships. The Trust is re red from the Board a er many years of con nuing to form and develop strategic governance, her contribu on to the Trust partnerships to progress our strategies. was also signifi cant. Our new Trustees Maria Ramsay, This year we have been working with Bali Haque and Chris Ussher commenced Chief Execu ve another two Iwi organisa ons, Te Kāhui in their roles in June 2018, bringing

1 TRUSTEES

Hayden Wano Harvey Dunlop Jenny Gellen Keryn Broughton Chair Chair Deputy Chair (Unঞ l July 2018) (From July 2018)

Ainsley Luscombe Te Aroha Hohaia Kelly Marriner Robin Brockie Guy Roper (Unঞ l June 2018)

Peter Dalziel Chris Ussher Bali Haque (From June 2018) (From June 2018)

STAFF

Maria Ramsay Tania Pirini Dion Maaka Glen West Chief Execu ve PA - Board Support Finance, Risk, Strategy Business Opera ons Manager & Group Manager (From January 2019)

Keri Wanoa Leighton Li‚ lewood Danae Etches Kathryn Grant Sarah Birchler Manutaki Whai Hua Māori Philanthropic Strategy Leader Communica ons Leader Senior Grants Advisor Grants & Systems (Unঞ l February 2019) Administrator

Kapoi Mathieson Zoë Taylor Yvonne Nelson Lisa Fisher Matatuhi Pūtea Team Support Finance Assistant - Business Analyst Grants Advisor (From January 2019) (From January 2019) Celebrating 30 Years and the Journey Forward

In May 2018 the TSB Community the Bank at the me was Bob Dunlop. move since then was acquiring a 36 Trust celebrated 30 years of In 2015, his son, Harvey Dunlop, joined per cent shareholding of the KiwiSaver business – a special milestone the Trust, taking over as Chairman in provider, Fisher Funds. The Trust now for the Trust. For the past thirty 2018. “My father was the President of owns 66 percent of the company. years the Trust has supported the Taranaki Savings Bank when the The Trust now also has specialist staff many hundreds of people and presidents of the 12 respec ve banks got to off er advice, do research and assist organisa ons working towards together and had the fi rst vote whether Trustees. “We’ve got specialised staff , the success of our region and they would join together and he put his who look purely at the fi nancial side of communi es. We wanted to hand up on behalf of the Taranaki Savings the Trust that we didn’t have in the past. show our apprecia on for all the Bank and said ‘no, we’re not going to do We’ve also got staff who have exper se hard work put in by community this’,” Harvey says. “The TSB Community to engage with Māori, because we have volunteers, and to acknowledge Trust is the only surviving Trust out of recognised that now, and in the future, the input of former and current that original 12 community Trusts, who we need to be working eff ec vely with Trustees, staff and community s ll own a bank. How good was that Iwi,” Maria says. The Trust now also has stakeholders. On 26 May 2018, move – today’s fair value for the bank is memorandums of understandings with the Trust held a very successful close to $1 billion from that $10 million.” Te Ā awa, Taranaki and Ngā Mutunga. birthday celebra on at the TSB Last year our philanthropic boundary The aspira on is to have that same level Showplace. Around 700 people area got bigger. A er seven years of understanding with all eight iwi in a ended represen ng organisa ons of nego a on, the Trust boundaries the region. throughout the region. Thank you changed to include Pātea and Waverley to everyone who a ended and In 2015, further change occurred in a process that required a change of helped us to celebrate this special at governance level, which focused legisla on to the Communi es Trust Act. occasion. At that event we also on fi nding members with skills and During the past three decades since the launched a short fi lm about the a ributes required around the Trust’s Trust was formed, there have been many work of the Trust and some of the governance table. Under the Trust Deed, other changes, but the most signifi cant community ac vi es and projects the Trust is required to have at least half happened in 2015, including developing a we’ve supported - we’ve had a great of the Trustees with business, fi nance, new vision, focusing on Child and Youth response to the fi lm – we encourage accoun ng, investment management and Wellbeing. “The Trust recognised that you to view it on our website. legal skills. Looking to the future, there the future rests with the tamariki,” Maria will be an increase of cash into Taranaki, There is a beau ful symmetry between says. “So, if you want to build a brighter which will be strategically managed. now and 30 years ago when the TSB more prosperous future you need to be There will also be con nued focus on the Community Trust was fi rst started. sure that those coming up through the over-arching child and youth wellbeing community are doing the best they can, Back then the Taranaki Savings Bank, and the Trust will con nue building have access to what they need, and have as it was known, was worth $10 million. rela onships and working with the the opportunity to succeed.” Three decades on, that’s around the community. “People don’t need to come amount of money the Trust gives out The Trust was also restructured that year, to us with the perfect applica on,” Maria each year to our community. “The fi rst with the introduc on of TSB Group Ltd says. The basics of simple grant making year of opera ng as a Trust, we gave as a holding company to be the Trust’s will always remain. “A lot of small groups $161,000 back to the community” investment arm. The Trust also bought make up the fabric of our community says Maria Ramsay, the Trust’s Chief into Fisher Funds, rebranded, moved and they help people stay connected,” Execu ve. Another parallel with then buildings, introduced an online database she says. and now is that when the bid for for community grants and from then on independence began, the president of people could apply online. The biggest

3 strategic overview

STRATEGIC OVERVIEW

OUR VISION To be a champion of positive opportunitb;v-m7-m-];m|o=0;m;C1b-Ѵ 1_-m];=ou$-u-m-hb-m7b|vr;orѴ;mo‰-m7bm|_;=†|†u; b-|ূ_;bh-b_࢝r-bhb|;‰_-h-|-bu-m]-bm]࢝hख़‰_bubm]-ķ࢝ķ_;b h-b‰_-h-‰_-m-h;bm]࢝b‰bo$-u-m-hbhb࢝m-l-|-

WITH A FOCUS ON CHILD AND YOUTH WELLBEING

CORE VALUES

COMMUNITY FUNDING COMMUNITY FOCUSED: ASSET & INVESTMENT RESULTS: INVESTMENT INITIATIVE: COMMITTED: INTEGRITY:

AN EFFECTIVE ORGANISATION

ASSET INVESTMENT TSB COMMUNITY TRUST ASSET STRUCTURE

TSB Community Trust has nominated TSB Group Ltd as investment manager for Trust assets, through its Group Company structure it owns 100% of TSB Bank Ltd. The dividends which fl ow from TSB Bank are directly applied to the ac vi es of the Trust through either opera onal costs and/or grant making. The other asset the Group company owns is 66% of Fisher Funds Management Ltd. The dividends which fl ow from Fisher Funds Management are applied to debt repayment (75%) with the remaining 25% of dividends being available for capital alloca on. Over the year these assets have experienced steady growth and they provide a solid asset base to support the work of the TSB Community Trust. Controlling interest

EFFECTIVE ORGANISATION

The Trust has con nued to pursue its strategic goal of being an eff ec ve organisa on, with a con nued focus on upda ng and reviewing systems to improve produc vity and service. With signifi cant fi scal responsibili es and philanthropic opportuni es ahead, the Trust implemented a new staffi ng structure in 2018 to increase resource. The Trust has con nued to implement its Working in partnership with Māori Strategy. Memorandums of Understanding were signed with Te A awa in March 2018, Te Kāhui o Taranaki in December 2018, and Te Rūnanga o Ngā Mutunga in February 2019. These agreements provide the founda on to explore long-term partnerships to improve wellbeing outcomes for Iwi, and the wider Taranaki community.

4 COMMUNITY INVESTMENT AND FUNDING Our Community Investment and Funding Framework

The model below shows how we apply our Community Investment and Funding which includes our Community Funding, Strategic Philanthropy, Innova ve Philanthropy and Impact Investment. In 2018, while we con nued to fund community organisa ons broadly across Taranaki, we also focused on developing the upper strategic ers of our Funding Framework to enable us to support strategic opportuni es in a fl exible manner for greater impact.

Small number of projects high engagement Increased demonstr-ঞomof strong partnerships MuѴঞ‹;-u=†m7bm] alignment with TSB Community Trust vision and priorbঞ;v

IMPACT INVESTING

INNOVATIVE PHILANTHROPY

STRATEGIC PHILANTHROPY

COMMUNITY FUNDING

High volume of-rrѴb1-ঞomvķѴblb|;7;m]-];l;m|†v†-ѴѴ‹vbm]Ѵ;‹;-u=†m7bm]

TSB COMMUNITY TRUST LONG-TERM OUTCOMES: $_ubˆbm] mˆbuoml;m|Ňo_;vbˆ;oll†mbঞ;vŇ$_ubˆbm])_࢝m-†1uovv;m;u-ঞomv

TSB COMMUNITY TRUST PRIORITY GROUPS: ;r;şo_bmo_bŊ -uѴ‹+;-uvŇ$-l-u-bhbş!-m]-|-_bŋ_bѴ7u;mş+o†m];orѴ;Ň)_࢝m-†ŋ -lbѴb;vŇ࢝oubŇ$-b-oŋ mˆbuoml;m| IMPACT INVESTING

Impact Inves ng can be defi ned as “Inves ng with the inten on of genera ng a measurable and benefi cial societal and/or environmental impact alongside a fi nancial return”. An Impact Inves ng approach allows us to work more strategically with our investment to achieve our vision, and over the past 12 months we have developed a model for Impact Inves ng. Meanwhile, we have con nued to work with local partners in the development of an Impact Investment pilot project to benefi t the people of Taranaki. INNOVATIVE PHILANTHROPY

The third er of our Funding Framework is ‘Innova ve Philanthropy’ which enables us to explore new opportuni es and fi nd diff erent ways to work with and invest in communi es to create posi ve change. Over the past year the Trust has con nued to implement Innova ve Philanthropy through its Te Rau Matomato project. Established in 2016, Te Rau Matomato was set up as a project collabora on between Iwi, TSB Community Trust and Tui Ora to build innova on capability, capacity and leadership. Te Rau Matomato quite literally means to grow vigorously, to fl ourish. The purpose is to explore innova ve approaches to philanthropic and social sector investment and grow a new genera on of innovators and design thinkers in a Māori context. The project recognises that complex issues associated with improving child wellbeing in Taranaki must be addressed from a collabora ve, and system change approach placing community at the centre of the design process.

5 STRATEGIC PHILANTHROPY

Our Strategic Philanthropy focuses on supporঞ ng, facilitaঞ ng and engaging in strategic, and collaboraঞ ve relaঞ onships and investments aligned to our Community Investment & Funding Strategy.

Over the past year the Trust has Oranga Mounga Oranga Tangata – Taranaki Mounga is also proud to conঞ nued to develop producঞ ve Healthy Mountain, Healthy People is one be working alongside other Trust- strategic relaঞ onships with several of the key objec ves for Taranaki Mounga. funded ini a ves; in par cular START Taranaki. Young men from START have Taranaki community organisaঞ ons For Taranaki Mounga, working with others working hard within their towards its long-term outcomes is cri cal constructed, installed and are maintaining communiঞ es to create signifi cant to reaching its targets and sustaining a stoat control network to protect kiwi benefi cial change and aiming for biodiversity gains into the future. and whio on our Mounga. long-term impact. The support of the Trust has enabled Other partners like Tui Ora and their Taranaki Mounga to share its vision Tiki Toa programme, and New Horizons Taranaki Mounga – Oranga Mounga, of restoring the ecological vitality of Aotearoa, are using this opportunity to Oranga Tangata Taranaki Mounga to a broad sec on of connect youth to the mounga, kanga Taranaki Mounga is an ambi ous our community. In 2018, TSB Community Māori. Par cipa ng in the restora on of conserva on project transforming the Trust contributed $400,000 towards the the natural environment, has enhanced mountain, ranges and islands of Taranaki. Taranaki Mounga project. the wellbeing of all those involved.

“We are proud that our founding supporter, TSB Community Trust also shares this vision as we proacঞ vely work with others to contribute to a benefi cial change for Taranaki and its people, with a strategic focus on child and youth wellbeing. We are all excited to see these groups, and other young people we are working with, become champions for the project and leaders in our community in the future.” Sean Zieltjes, Taranaki Mounga Project Manager Nurture Taranaki – Enhancing and supporting whānau wellbeing

Nurture Taranaki promotes and provided a grant of $196,000 towards the childcare, domes c violence educa on, supports healthy child development programme, which follows the Partners fi re safety, budge ng, family planning, within a nurturing family in Paren ng Educa on (PIPE) curriculum. and more. environment, aiming to break the This is a research informed programme Last year, Nurture Taranaki worked harmful cycles of poverty, abuse and that delivers work closely with mothers closely with eight families in North family dysfuncঞ on. from prenatal through to when the child Taranaki and nine families in the Stra ord is fi ve years old, and through weekly and Eltham areas. TSB Community Trust has supported visits, covers topics such as home safety, Nurture Taranaki since 2015 and last year nutri on, health, child development, early

“Our service recognises the latest in neuroscience, which supports the benefi ts of babies spending most of their fi rst 1,000 days with a primary caregiver. We educate our families to put babies' needs fi rst. We receive regular new client inquiries from all over Taranaki. Whilst we are only starঞ ng along this journey of making posiঞ ve change, it is exciঞ ng to see change occurring.” Snr Constable Paul Lampe, Project Leader Te Puna Trust - Nurture Taranaki

6 Great Fathers – Empowering Taranaki Fathers

Great Fathers is working across the works, to soothing a crying baby, to coping co-designing a training module on father- region to support and empower with sleep depriva on. engagement for the Well Child Tamariki Ora nurse diploma course that will also be Taranaki fathers to confi dently Great Fathers features in antenatal classes incorporated into their staff professional engage in the growth and right across Taranaki with posi ve results, development programme. This has also led development of their child. including delivering 29 ‘Dads Sessions’ last to Great Fathers being asked to provide year. It also developed a new Facebook Great Fathers’ child-centred programmes input into the curriculum for Childbirth presence to create a community of are aimed at the parents of 0-3yr olds. Educa on Classes (now called Pregnancy Great Fathers in Taranaki, and an on-line It does this with the resources and and Paren ng Educa on) with the aim of community for at home dads. workshops it has developed to support embedding the inclusion of fathers in all providers to improve the level and quality Great Fathers has con nued to work future courses.” of fathers’ involvement with their children. closely with child-centred Taranaki Great Fathers has two other ini a ves It independently off ers a face-to-face and na onal organisa ons, delivering under development: one for use in service for fathers who are struggling with professional development workshops for kaupapa Māori Pregnancy and Paren ng all the changes a new baby brings. nearly 90 Well Child Tamariki Ora nurses, Educa on and one for working with dads most of whom work for Plunket. With the support of TSB Community in vulnerable families with young children. Trust, in the last year Great Fathers “This has led to us forging a collabora ve “We are working with a variety of key has been distribu ng their online Dad’s rela onship with several Plunket head organisa ons to help new dads to be the Toolbox (which includes ps and guides) offi ce managers. Together, we are father their young child needs them to be.” a comic book and a DVD to help fathers exploring ways to improve the way Plunket Mar n Pepperell, Programme Manager, with anything from how a baby’s brain engages with fathers. To do this, we are Great Fathers Taranaki. Start Taranaki – learning together to create better outcomes for Taranaki youth

Based in Kaponga, their START Early Delivering its programmes, START communi es learn more about how we programme, is aimed at building Taranaki became very aware that the could come together to be er support trust, resilience, self awareness neuro-developmental needs of youth were young people with FASD. nega vely impac ng on their engagement and life skills through meaningful In 2018, the TSB Community Trust and importantly their life outcomes. ac vity for Taranaki young people, provided a grant of $217,500 towards who are at risk of off ending and These learnings resulted in a change of START Early, with funds condi onally experiencing poor life outcomes. tact for the organisa on. In 2018 START commi ed to support the programme for Taranaki launched an awareness campaign another two years. Now in its third year, the programme regarding FASD (Fetal Alcohol Spectrum has resulted in huge learnings for START Disorder) in the Jus ce Sector. Taranaki that have also begun to radiate through the Youth Jus ce Sector, locally In November 2018, START Taranaki held and beyond. a seminar in South Taranaki to help our

“It has been a truly heartening response locally. 2019 is shaping up to be a very strong year with stronger community support for the START Early programme. I would just like to extend a huge thanks to the TSB Community Trust. This is just a snippet of what has happened, but it has been truly amazing and the impact we are making is huge. However, none of it would be possible without your support.” Piers Duncan, Operaঞ ons Manager START Taranaki WhyOra - Making a Real Impact

Launched in 2009, WhyOra is a are now taking health related courses at health organisa on). At least 40 other Taranaki organisa on dedicated ter ary ins tutes around New Zealand – WhyOra students have transi oned into to boos ng the number of Māori studying in various degrees ranging from ter ary non-health degrees and 60 have working in health. WhyOra’s health Health Care Assistants to Doctors. entered non-health employment. sector educa on programmes run in By the end of 2017 WhyOra had their fi rst When WhyOra began only 6% of the all Taranaki secondary schools and Doctor graduate (a former Hāwera High TDHB workforce were Māori. By 2018 have a racted a lot of support and School student) and in 2018 a further 12 this had grown to 9.8% and is con nuing interest, with all secondary schools medical students were in the study pipe to increase. TSB Community Trust has par cipa ng. line. Over 100 WhyOra par cipants have been a long-term supporter of WhyOra. In secured full me employment and others the last fi nancial year WhyOra received a A decade on WhyOra is making a real have been supported with a cadetship grant of $200,000 towards its ac vi es. impact - since it began, over 90 students (paid employment opportunity within a

“The Trust’s funding is suppor ng more than an increase in the Māori health workforce – it also supports WhyOra to assist Taranaki Māori to raise aspira ons and break down barriers. Providing pastoral support helps people to enter a career pathway.” Tanya Anaha, WhyOra Manager

7 Community Funding

Our Community Funding contributes to supporঞ ng the fabric of our community. The following pages feature the work of just a few diverse groups to receive Community Funding this fi nancial year. A summer of change – TSB Festival of Lights

The TSB Fesঞ val of Lights each year of local and out of town visitors Tranzit Coachlines received record transforms New Plymouth’s iconic experienced 17 light features and numbers of registraঞ ons for the free Pukekura Park into a light-fi lled enjoyed 82 free events. The number regional bus service supported by the wonderland. For the 2018/19 season of repeat visits to the fesঞ val TSB Community Trust with more than New Plymouth District Council increased by 13% compared to 230 registraঞ ons over the three Saturday nights in January. As well as the 10 new was able to introduce a ra[ of new 2017-18, with 66% of people light features, visitors experienced a new features which kept the community a‚ ending more than once Fesঞ val Hub and, for the fi rst ঞ me, a coming back for more. Throughout throughout the season. community-focused family friendly New the seven week fesঞ val thousands Year’s Eve event.

“NPDC would like to once again thank the TSB Community Trust for its conঞ nued support. This partnership helps us to put on great acts and showcase new light features and funding the community buses scheme is a wonderful way to bring in people from outside of our district so they can enjoy the seven-week summer Fesঞ val.” NPDC Recreaঞ on and Culture Manager, Teresa Turner

8 Taranaki Women's Refuge – supporting people from all walks of life

Taranaki Women’s Refuge has been plan of ac on is taken, at mes including group work and the ASPIRE Men’s supporঞ ng women and children in admi ance into the Refuge’s Safe House. programme which is aimed at helping Taranaki who face domesঞ c violence In addi on, Taranaki Women's Refuge men to both reduce their abusive receives more than 1,500 calls to their for 35 years. New Zealand has a behaviour, and increase their eff ec ve Crisis Line per annum. communica on and behaviour, in in mate major domesঞ c violence problem. partner rela onships. In Taranaki alone, Police a‚ ended While its core services remain based in over 3,000 domesঞ c violence the realm of response, the organisa on is In 2018, TSB Community Trust commi ed to working towards a violence- incidents in the 12 months ending contributed a grant of $15,000 towards free society by suppor ng the rights of provision of the Aspire programme and a November 2018. women and children. further grant of $17,300 towards a new The Taranaki Women's Refuge team Services beyond crisis support also phone system and computer upgrade. triage each report and the appropriate off ered include intensive counselling,

“The women, children and men we work with are from all walks of life and we are most o en their very last port of call. Having the right tools for the job is always essen al. Feedback on the Aspire programme is that it is having some profound impacts on the behaviour of men and can posi vely aff ect their lives overall and the lives of those around them. We are very grateful to have received funding to improve our programmes and resources and thank TSB Community Trust for suppor ng us in suppor ng others.” Shona Smith, Relaঞ onships Manager, Taranaki Women's Refuge Taranaki Youth Get Creative with Zeal

Since 2018 Zeal has been helping young people how to use their crea ve par es, dance ba les as well as other Taranaki youth discover, express and skills, including produc on and event crea ve events that will provide young develop their unique creaঞ vity. management. people with the opportunity to express themselves and prac ce their art form. Zeal is a na onal youth organisa on that A $45,000 grant from TSB Community creates communi es of belonging and Trust in late 2018 enabled Zeal to extend To launch the project, in December 2018 crea vity, suppor ng young people to fi nd their work around Taranaki. Zeal hosted a paint party at Waitara High School, a ended by around 250 students. and shape a healthy iden ty and to know In 2019 Zeal will host at least one large their innate worth. scale youth event each month. During the The organisa on provides crea ve events Taranaki youth can showcase their youth development services and teaches talent, including gigs, a royal rumble, paint

"We have been absolutely stoked with the response to Zeal's presence in Taranaki, we have already been able to give a good number of extremely talented youngsters a pla orm to showcase their art form through our events, with many more planned for the upcoming months. These opportuni es for our young people would not be possible without the support of NPDC & TSB Community Trust." Luke Galley, Project Developer, ZEAL Taranaki

9 L-R / Top to bo‚ om: Taranaki Mounga project volunteers and Norfolk School pupils released 10 whio chicks on East Egmont (see Stuff ar cle here). Saturn Murray, host of Access Radio Taranaki’s Youth show Saturn’s Orbit. Te Rau Matomato community-led, co-design workshop as part of the TRM project run in 2018, working alongside kōhanga parents to improve wellbeing in whānau living in Waitara / New Plymouth. Iritana Hohaia, selected for NZ Under 18 Sevens Team for 2018 Youth Olympic Games. Work been undertaken at community gardens.

10 WHAT WE FUNDED 38 EARLY YEARS Our funding recognises $462,800 the huge contribuঞ on CHILD AND YOUTH WELLBEING made by Taranaki 308 grants were made to Child and people and not for profi t Youth Wellbeing ac vi es and 38 of these grants were made to ac vi es with community organisaঞ ons an Early Years focus for the benefi t of our TOTAL GRANTED $6,777,318 region. These pages summarise our grants over LITERACY AND NUMERACY the past year. 13,916 Primary and Intermediate school 270 students had skills boosted by 82 OTHER CHILD & YOUTH Literacy and Numeracy Grants GRANTING ACTIVITIES $6,314,518 TOTAL GRANTED $842,820

2018-2019 Over the past year we’ve funded a wide range of acঞ viঞ es across the region. In the 2019 Financial Year the Trust commi‚ ed a total of $10,353,327 13 in grants to Taranaki community PROJECTS & CAPABILITY organisaঞ ons and acঞ viঞ es. BUILDING $161,594 As well as new grants, the Trust paid 142 PROGRAMMES & $1,200,273 for grants commi ed in EVENTS prior years. 112 $5,580,529 CAPITAL $3,109,384

GRANTING ACTIVITIES 2019 94 INDIVIDUAL $114,750 $1,200,273

82 309 LITERACY & NUMERACY OPERATIONAL $842,820 $544,250

$8,343,627 The Trust has 97% OF ALL contributed over APPLICATIONS received in $10,353,327 2019 were online applica ons TOTAL GRANTS MADE $137m excluding grants to benefi t The TOTAL NUMBER of grants commi ed/paid in prior years the Taranaki commi ed for 2018-2019 FY community since were 1988 752

657 ATTENDANCES AT CAPABILITY BUILDING EVENTS $2,009,700$2 009 700 The Trust has subsidised the delivery of community training workshops with over 657 a endances at capability building events covering topics such as:

AmountsAtidd paid and Volunteers Rights and Responsibili es Employment Agreements Commi‚ ed in 2018-2019 How to be an eff ec ve Chair Governance for Sustainable Voluntary and Community Orgnisa ons Disclosure of Informa on How to present your organisa on Leading in Communi es Sustainable Funding Fraud & Financial mismanagement Total condi onal grants from How To Be An Eff ec ve Leadership Introduc on to Governance previous years paid out in 2019 Group – The Basics Introduc on to Planning Health & Safety Total new grants paid out in 2019 Introduc on to Finance

Total condi onal grants in 2019, The Trust’s meeঞ ng rooms were booked by community groups 283 ঞ mes over the yet to be paid fi nancial year.

11 TSB COMMUNITY TRUST, TSB COMMUNITY GRANTS 2018-2019 CAPITAL GRANTS Ajeet Rai - Tennis 1,500.00 Rahotu Primary School 10,020.00 Arts, Culture and Heritage Alan Bunning - Hockey 750.00 Ramanui School 4,020.00 Hāwera Repertory Society Inc 30,000.00 Alix Blyde - Touch Rugby 500.00 Ratapiko School 1,500.00 Highland Dancing Assn of Taranaki 5,000.00 Amelia Simmers - Football 1,500.00 Rawhitiroa School 1,920.00 NP Repertory Society Inc 15,000.00 Angela Caldwell - Taekwondo 500.00 Sacred Heart Girls' College New Plymouth 12,300.00 NZ Society of Genealogists - NP Branch 3,900.00 Ariana van Lith - Climbing 1,500.00 Spotswood Primary School 17,580.00 Rangimarie Māori Arts & Craft Soc Inc 97,600.00 Ben McCallum - Canoe/Kayak 1,500.00 St John Bosco School 15,420.00 Stratford Hospital Museum Inc 4,800.00 Bethany Cook - Basketball 1,500.00 St Joseph's Primary School Opunake 5,520.00 Taranaki Art Review 7,500.00 Brent Simpson - Mountain Biking 750.00 St Joseph's School Hāwera 16,560.00 Taranaki Central Family & Local History Society Inc 11,000.00 Brooke Neilson - Netball 1,500.00 St Joseph's School New Plymouth 17,220.00 Taranaki Pioneer Village Society Inc 50,000.00 Brooke Reid - Squash 500.00 St Joseph's School Pātea 1,500.00 Taranaki Swiss Social Club Inc 3,000.00 Carina Flannagan - Football 1,500.00 St Joseph's School Stratford 14,220.00 Val Deakin Dance Theatre Trust 10,000.00 Carolyn Wilks - Lawn Bowls 750.00 St Joseph's School Waitara 6,480.00 Waitara Community Art & Craft Centre Inc 23,000.00 Charlotte Askin - Archery 1,500.00 St Patrick's School Inglewood 5,100.00 Waitara Railway Preservation Society Inc 21,600.00 Cory Bedford - Roller Hockey 1,500.00 St Patrick's School Kaponga 1,500.00 Community Wellbeing Danelle Sadler - Inline Hockey 1,500.00 St Pius X 10,200.00 Alzheimers Taranaki Inc 267,500.00 Darcy Collins - Wrestling 500.00 Stratford Primary School 25,980.00 Auroa Soldiers Memorial Hall 2,200.00 David Jeffrey - Volleyball 1,500.00 Tawhiti School 17,940.00 Central Taranaki Blue Light Ventures 15,000.00 Debbie McCallum - Golf 1,500.00 Te Kura Kaupapa Māori o Ngati Ruanui 2,580.00 Marfell Community Trust 50,000.00 Dylan Taylor - Sailing 750.00 Te Kura Kaupapa Māori o Tamarongo 1,500.00 New Plymouth Cornerstone Baptist Church 20,000.00 Edward Masters - Mountain Bike 1,500.00 Te Pi'ipi'inga Kakano Mai i Rangiatea 6,000.00 NPDC - East End Skate Park Lighting 50,000.00 Ellie Hurley-Langton - Athletics 1,500.00 Tikorangi School 10,260.00 Opunake & Districts Business Assn 1,725.00 Emily Roughan - Cross Country 1,500.00 Toko School 8,400.00 Opunake Co-operating Parish 18,000.00 Emma North - Swimming 500.00 Turuturu School 14,640.00 Park City Church Trust 20,000.00 Eve Barry - Football 1,500.00 Urenui School 4,920.00 Pātea Community Patrol 25,000.00 Fatiauma Moeahu-Leota - Rugby League 500.00 Uruti School 1,500.00 Taranaki Women's Refuge 17,300.00 Fletcher Moles - Canoe/Kayak 1,500.00 Vogeltown School 21,300.00 Tarata Community Church 4,000.00 Gary Toa - Inline Hockey 1,500.00 Waitara Central School 5,220.00 Waverley Waitotara Co-operating Parish 50,000.00 Grant L'ami - Indoor Bowls 1,500.00 Waitara East School 16,740.00 Hannah Maree Baker - Canoe/Kayak 1,500.00 Waitoriki School 1,560.00 Environment Hannah O'Connor - Cross Country 1,500.00 Waitotara School 1,800.00 Pukeiti Rhododendron Trust Inc 5,000.00 Henri Lehrke - Cycling 1,500.00 Welbourn School 22,740.00 Rapanui Grey Faced Petrel Trust 8,900.00 Hope Ralph - Hockey 500.00 West End School 21,900.00 South Taranaki Underwater Club 29,500.00 Ian Clark - Triathlon 1,500.00 Westmount School Taranaki 4,140.00 Te Mara Hapori ki Parihaka Inc 50,000.00 Iritana Hohaia - Rugby Sevens 1,500.00 Westown School 7,500.00 The Nowell's Lakes Walkway Charitable Trust of NZ 8,200.00 Isabelle Cook - Basketball 1,500.00 Whenuakura School 2,520.00 Tiaki Te Mauri o Parininihi Trust 63,000.00 Isabelle Lecher - Sailing 500.00 Woodleigh School 25,140.00 Health and Rescue Services Jacob Rapira - Boxing 1,500.00 Coastal Taranaki Health Trust 45,000.00 Jacob Stockwell - Athletics 1,500.00 Literacy & Numeracy Grants Total 842,820.00 Coastguard South Taranaki Inc 16,500.00 Jadeim McGrory - Canoe/Kayak 1,500.00 East End Surf Lifesaving Club 30,000.00 Jago Robertson - Basketball 1,500.00 OPERATIONAL GRANTS The Order of St John Stratford Area Committee 200,000.00 Jamie Andrews - Paddle Boarding 1,500.00 Arts, Culture and Heritage Learning Jana Niedermayr - Football 1,500.00 City of New Plymouth Caledonian Pipe Band 400.00 Coastal Taranaki School 60,000.00 Jason Bond - Orienteering 1,500.00 Creative Fibre Yarn Weavers 400.00 Devon Intermediate 30,000.00 Jason Broughton - Touch Rugby 750.00 Eltham & Districts Historical Society 500.00 Frankley School 24,600.00 Jessica Kingi - Inline Hockey 1,500.00 Everybody's Theatre Trust 500.00 Hāwera High School 60,000.00 Johanne Pikia - Waka Ama 750.00 Inglewood Dramatic Society 1,800.00 Highlands Intermediate School 30,000.00 John Jury - Special Olympics 1,500.00 Living Harmony Choir 400.00 Huirangi Primary School 35,000.00 Jorja Rosser - Inline Hockey 1,500.00 New Plymouth Bonsai Club Inc 400.00 Inglewood Playcentre 9,500.00 Josh Toa - Rowing 1,500.00 NZ Society of Genealogists - NP Branch 500.00 Lepperton Playcentre 33,800.00 Joy Baker - Triathlon 1,500.00 Okato & District Historical Society Inc 500.00 Matapu School 25,000.00 Judith Sewell-Monod - Hockey 1,500.00 Performing Arts Collective Inc 1,800.00 New Plymouth Adventist Christian School 15,000.00 Keegan Joe - Volleyball 1,500.00 Rangimarie Māori Arts & Craft Soc Inc 2,000.00 New Plymouth Playcentre 30,000.00 Kurt Lightfoot - Body Building 750.00 Stratford & District Scottish Society 500.00 Normanby School 29,500.00 Lee Boon - Cycling 1,500.00 Stratford Art Society 800.00 Oakura Playcentre 5,000.00 Lewis Park - Cycling 1,500.00 Stratford Hospital Museum Inc 500.00 Pātea Area School 69,400.00 Lucy North - Swimming 500.00 Taranaki Jazz Club Inc 1,000.00 Sacred Heart Girls' College New Plymouth 80,000.00 Lukas Halls - Rugby Sevens 750.00 Taranaki Patchworkers' & Quilters' Guild Inc 2,000.00 Spotswood College 60,000.00 Margaret Joan Richards - Lawn Bowls 750.00 Taranaki Regional Branch of NZ Choral Federation 1,400.00 St Patrick's School Inglewood 20,000.00 Mario Hildred - Snooker 750.00 Taranaki Swiss Social Club Inc 500.00 Stratford Community Childcare 40,000.00 Mark Francis - Tenpin Bowling 1,500.00 Te Ataarangi ki Taranaki Charitable Trust 1,000.00 Taranaki Adult Literacy Services 5,500.00 Matthew Baxter - Cross Country 750.00 Te Kaunihera Kaumatua o Te Atiawa Nui Tonu 400.00 Toko School 17,200.00 Matthew Jones - Climbing 1,500.00 The Hāwera Art Club 400.00 Vogeltown School 38,384.00 Matthew O'Connell - Basketball 1,500.00 The Village Gallery 600.00 Waitara High School 60,000.00 Max Gordon - Triathlon 1,500.00 Val Deakin Dance Theatre Trust 500.00 Welbourn School 20,000.00 Maya Dickson - Volleyball 1,500.00 Waitara Community Art & Craft Centre Inc 500.00 Recrea on and Sport Mitchell McLachlan - Skating 750.00 Waitara Railway Preservation Society Inc 500.00 Athletics Hāwera Inc 25,000.00 Moya Lewis - Croquet 750.00 Community Wellbeing Athletics Taranaki Inc 80,000.00 Ngatalia Whittaker - Hockey 500.00 48 Squadron Air Training Cadets 500.00 Auroa Community Pool 4,400.00 Niall Clancy - Touch Rugby 500.00 Access Radio Taranaki Trust 15,000.00 Box Office Boxing Inc 30,000.00 Nicole Bennett - Athletics 1,500.00 Active in Age - New Plymouth 800.00 Douglas Hall Society Inc 2,000.00 Nikki Katene - Indoor Netball 1,500.00 Alzheimers Taranaki Inc 9,000.00 Eastern Districts Netball Club 3,400.00 Rangi John Komene - Lawn Bowls 750.00 Auroa Soldiers Memorial Hall 500.00 Eltham Golf Club Inc 10,000.00 Richard Huffam - Inline Hockey 1,500.00 Bell Block Senior Citizens Friendship Club 600.00 Eltham Pony Club 5,000.00 Rohan Singh - Roller Hockey 1,500.00 CCS Disability Action North Taranaki Inc 7,000.00 Fitzroy Golf Club Inc 6,200.00 CCS Disability Action South & Central Taranaki Inc 6,000.00 Hāwera Contract Bridge Club Inc 15,000.00 Ryan Clough - Canoe/Kayak 1,500.00 Central Taranaki Riding for the Disabled 1,200.00 Hāwera Park Bowling Club 6,000.00 Ryan King - Snooker 1,500.00 Elevate Christian Disability Trust- Taranaki Branch 400.00 Huatoki Tennis Club Inc 37,000.00 Sasha Reid - Surf Life Saving 1,500.00 Eltham Community Development Group 500.00 Inglewood Golf Club Inc 15,000.00 Scarlett Old - Canoe/Kayak 1,500.00 Families Overcoming Addiction 500.00 Kaupokonui and Districts Beach Society 23,000.00 Sophie Crewe - Football 1,500.00 Fifties Forward Club 600.00 Kawaroa Park Squash Club 39,000.00 Stuart Taylor - Sailing 750.00 Hāwera Budget Advisory Service Inc 4,000.00 Manukorihi Golf Club 20,000.00 Susan Bourne - Indoor Bowls 250.00 Hāwera Foodbank 3,000.00 Moturoa Associated Football & Sports Club Inc 49,000.00 Tiana Davison - Rugby Sevens 1,500.00 Hāwera Group Riding for Disabled Inc. 1,500.00 Naumai Netball Club 5,000.00 Todd Velvin - Inline Hockey 750.00 Huinga Hall Society Inc 500.00 New Plymouth Golf Club 30,000.00 Troy Bedford - Roller Hockey 1,500.00 Ironside Vehicle Society Inc 7,000.00 New Plymouth Old Boys Netball Club 9,000.00 Zac Reid - Swimming 1,500.00 Justices of the Peace - Stratford Branch 500.00 New Plymouth Old Boys Rugby & Sports Club Inc 30,000.00 Zara Whittaker - Hockey 500.00 Kaipo Marae 2,400.00 New Plymouth Potters Inc 35,900.00 Kairau Marae Trust 2,400.00 New Plymouth Surfriders Club 10,000.00 Individual Grants Total 114,750.00 Kanihi-Māwhitiwhiti Pā 2,400.00 New Plymouth Tramping Club Inc 2,800.00 Kimi Ora Community of Faith & Light 400.00 New Plymouth Water Ski Club 14,700.00 LITERACY & NUMERACY GRANTS Manukorihi Pa Reserve Trust 2,400.00 New Plymouth Budget Advisory Service 7,000.00 New Plymouth Yacht Club Inc 30,000.00 Ahititi School 1,500.00 Norfolk Hall Society 25,900.00 New Plymouth Community Foodbank Trust 2005 8,000.00 Auroa School 12,240.00 New Plymouth Emergency Shelter Trust 5,000.00 Okato Pony Club 5,000.00 Bell Block School 25,860.00 Opunake Boat & Underwater Club 26,000.00 New Plymouth Parents Centre 2,000.00 Central School 19,440.00 New Plymouth Positive Ageing Trust 2,000.00 Opunake Sport & Recreation Trust 25,000.00 Coastal Taranaki School 10,860.00 Peringa United AFC Inc 40,000.00 North Taranaki Community Men's Shed 800.00 Devon Intermediate 19,800.00 Northpoint Baptist Church 500.00 Pukearuhe Hall Society Inc 10,000.00 Egmont Village School 9,360.00 NP Stroke Support Trust 600.00 Rahotu Bowling Club Inc 6,325.00 Eltham School 9,060.00 NZ VIEW Inc- Taranaki Branch 400.00 Rotokare Tennis Club 7,000.00 Fitzroy School 25,680.00 Oakura Marae 2,400.00 Sailability Taranaki Trust 30,000.00 Francis Douglas Memorial College 11,700.00 Ōrimupiko 12 Part Māori Reservation Trust 2,400.00 South Taranaki Martial Arts 30,000.00 Frankley School 13,200.00 Parents of Deaf Children Taranaki Inc 400.00 Southern Rugby Club 25,000.00 Hāwera Christian School 1,800.00 Potaka Marae (Ngatitara Part No 9 Reserve) 2,400.00 Stratford Cricket Club 10,000.00 Hāwera Intermediate 17,100.00 Pregnancy Help Inc - Taranaki Branch 9,000.00 Hāwera Primary School 12,900.00 Rawhitiroa Hall Committee 500.00 Stratford Croquet Club 2,300.00 Highlands Intermediate School 41,760.00 Taranaki Cricket Assn Inc 39,800.00 South Taranaki Parents Centre 1,000.00 Huirangi Primary School 6,780.00 St Andrew's Parish Inglewood 500.00 Taranaki Cycle Park Trust 12,900.00 Inglewood Primary School 18,900.00 Taranaki Equestrian Jumping Inc 4,800.00 St Andrews Presbyterian Church 500.00 Kaimata School 7,140.00 Stratford Parents Centre 1,000.00 Taranaki Offroad Club Inc 10,000.00 Kakaramea School 4,620.00 Taranaki Rugby Football Union 47,300.00 Sunshine Trust 1,000.00 Kaponga Primary School 6,900.00 Taranaki Community Law Trust 9,000.00 Taranaki Rugby Referees Assn 4,000.00 Lepperton School 9,720.00 Taranaki Disabilities Information Centre Trust 9,000.00 Taranaki Synthetic Turf Trust 50,000.00 Makahu School 1,500.00 Taranaki Federated Farmers 6,000.00 Tarurutangi Tennis Club 3,800.00 Manaia Primary School 6,540.00 Taranaki FM Trust 30,000.00 Vertical Horizon Camp Trust 12,000.00 Mangorei School 20,580.00 Taranaki Multiple Sclerosis Society Inc 800.00 Vogeltown Bowling & Social Golf Croquet Club 3,250.00 Manukorihi Intermediate School 13,440.00 Taranaki Rural Support Trust 9,000.00 Waitoitoi Memorial Hall 4,500.00 Marco School 1,500.00 Taranaki Young Peoples Trust 5,000.00 Waiwaka Tennis Club 35,000.00 Marfell School 6,660.00 Tarata Community Church 500.00 Matapu School 6,360.00 Tarata Women's Institute 400.00 Westend Bowling Club Inc 20,000.00 Merrilands School 11,820.00 Westend Croquet Club 5,000.00 Te Reo Irirangi o Taranaki Charitable Trust 9,000.00 Midhirst School 6,720.00 The Karen Cornelia Trust 5,000.00 Mimi School 3,180.00 Capital Grants Total 3,109,384.00 The South Taranaki Justices of the Peace Assn Inc. 1,000.00 Mokau School 1,500.00 Urenui Pā 2,400.00 Mokoia School 1,500.00 Waiōkura Marae & Reserves Trust 2,400.00 INDIVIDUAL GRANTS Moturoa School 6,720.00 Arts, Culture and Heritage Wai-O-Turi Trustees 2,400.00 New Plymouth Adventist Christian School 1,500.00 Waitara Community Development Trust 500.00 Andrew Wood - Brass Band 1,500.00 Ngaere School 9,060.00 Waitara Food Bank - Kai Potaka 3,000.00 Frances Chow - Choir 500.00 Ngamatapouri School 1,500.00 Women's Centre New Plymouth Inc 5,000.00 Learning Norfolk School 9,240.00 Normanby School 9,780.00 Environment Conor Eager - Robotics 1,500.00 Friends of Pukekura Park New Plymouth Inc 500.00 Riley Pollard - Robotics 1,500.00 Oakura School 20,460.00 Omata School 9,480.00 Te Mara Hapori ki Parihaka Inc 1,000.00 Tara Stevens - Robotics 1,500.00 Opunake Primary School 12,660.00 The Friends of Hāwera Parks Inc 500.00 Timothy Kowalewski - Robotics 1,500.00 Pātea Area School 5,640.00 Health and Rescue Services Recrea on and Sport Pembroke School 5,100.00 Coastal Taranaki Health Trust 4,000.00 Agnes Kimura - Snooker 1,500.00 Puketapu School 18,720.00 New Plymouth Old Boys Swimming and Surf Club 2,500.00 Opunake & Districts Rest Home Trust 2,500.00 Opunake Board Riders Inc 600.00 START Taranaki 744,500.00 Opunake Surf Life Saving Club Inc 2,500.00 Opunake Embroiderer's Guild 400.00 STDC – Summer Sounds 2017 14,000.00 Taranaki Alpine & Cliff Rescue 2,500.00 Otakeho Indoor Bowling Club 400.00 STDC – Swim and Survive Programme 16,000.00 Taranaki Volunteer Coastguard Service Inc 2,500.00 Park Croquet Club Inc 500.00 STDC - Winter Events 2018-2020 65,000.00 Learning Pihama Outdoor Bowls 400.00 Storytime Foundation 8,000.00 Avon Kindergarten 1,000.00 Pukekura Park Tennis Club 1,800.00 Stratford Community Christmas Dinner 1,000.00 Bell Block Playgroup Inc Society 600.00 Pungarehu Golf Club 600.00 Taranaki Chamber of Commerce 35,800.00 Brooklands Kindergarten 1,000.00 Rawhitiroa Country Women's Institute 400.00 Taranaki Timebank 40,000.00 Central School 3,550.00 Rerekapa Hut Supporters Inc 500.00 Taranaki Womens Refuge 15,000.00 Coastal Taranaki School 4,200.00 Riverlea Indoor Bowling Club 400.00 The Bishop's Action Foundation 200,000.00 Devon Intermediate 3,550.00 Royal New Zealand Naval Assn Taranaki Inc 600.00 The Kai Kitchen Trust 35,000.00 Eltham Kindergarten 1,000.00 Rural Women Toko 400.00 Tu Tama Wahine o Taranaki 40,000.00 Frankley School 2,600.00 S.S.C. Flyers Swim Team 600.00 Tutaki Youth Inc 67,000.00 Hāwera Christian School 2,100.00 Sailability Taranaki Trust 2,000.00 Waitara Initiatives Supporting Employment 150,000.00 Hāwera Kindergarten 1,000.00 Scout Assn of NZ - Midhirst Scout Group 400.00 Whakatipuranga Rima Rau 200,000.00 Hāwera Primary School 2,600.00 South Taranaki Croquet Assn Ltd 600.00 YMCA - Taranaki 80,000.00 Highlands Intermediate School 3,800.00 South Taranaki Indoor Bowls Assn 600.00 Zeal Education Trust 45,000.00 Huirangi Primary School 2,350.00 Special Olympics North Taranaki 5,000.00 Zipper Cardiac Support Club Taranaki Branch 1,000.00 Inglewood High School 4,700.00 Spotswood Volleyball Club Inc 500.00 Environment Kahikatea Kindergarten 1,000.00 St James Indoor Bowling Club 400.00 East Taranaki Environment Trust 25,000.00 Kaimata Playgroup 600.00 Stratford Assn Football Club 800.00 Mapping Analysis & Information Network Trust 50,000.00 Kaimata School 2,350.00 Stratford Horticultural Society 400.00 Para Kore Marae Inc 25,500.00 Kakaramea School 2,350.00 Stratford Indoor Bowls 500.00 Project Litefoot Trust 32,000.00 Kautu Ki Te Rangi Te Kōhanga Reo 1,000.00 Stratford Machine Knitting Club 400.00 Rotokare Scenic Reserve Trust 96,000.00 Koromiko Kindergarten 1,000.00 Stratford Men's Probus 600.00 South Taranaki Underwater Club 35,000.00 Koru Kindergarten 1,000.00 Stratford Mountain Club Inc 2,400.00 Taranaki Environmental Education Trust 35,000.00 Manukorihi Intermediate School 2,800.00 Stratford Spinning Group 400.00 Taranaki Mounga Project 400,000.00 Marfell School 2,350.00 Stratford Tramping Club Inc 600.00 Tiaki Te Mauri o Parininihi Trust 91,000.00 Merrilands Playgroup 600.00 Strathmore Golf Club 600.00 Health and Rescue Services Merrilands School 2,600.00 Taranaki Arabian Horse Club 400.00 Hospice Taranaki Inc 100,000.00 Midhirst School 2,350.00 Taranaki Area Machine Knitting Society 400.00 Mokoia School 2,100.00 Taranaki Caravan Club 600.00 Learning New Plymouth Adventist Christian School 2,350.00 Taranaki Centre of NZ Sheep Dog Trial Assn 1,000.00 Conductive Education Taranaki Trust 93,000.00 New Plymouth Cake Decorators Guild 400.00 Taranaki Cricket Assn Inc 6,000.00 Kindergarten Taranaki 38,000.00 Ngamotu Kindergarten 1,000.00 Taranaki Dragons Inc 500.00 New Horizons Aotearoa 32,000.00 Norfolk School 2,600.00 Taranaki Equestrian Network Inc 500.00 New Plymouth Girls' High School 38,000.00 Oakura School 3,550.00 Taranaki Geological Society 600.00 NZ Global Women 20,000.00 Opunake High School 4,700.00 Taranaki Golf Assn 6,000.00 SPELD NZ Inc 15,000.00 Orapa Kindergarten 1,000.00 Taranaki Hockey Federation Inc 6,000.00 Taranaki Careers Expo Trust 10,727.00 Pātea Area School 4,200.00 Taranaki Indoor Bowls Centre Inc 1,000.00 Taranaki Futures Trust Inc 100,000.00 Pātea Kindergarten 1,000.00 Taranaki Indoor Sheep Dog Trial Club 500.00 Taranaki Life Education Trust 50,000.00 Pukekura Free Kindergarten 1,000.00 Taranaki Lawnmower Racing Club Inc 400.00 Taranaki Outdoor Pursuits & Education Centre 80,000.00 Spotswood College 5,700.00 Taranaki Morris Minor Club Inc 500.00 Taranaki Science & Technology Fair 5,000.00 St Joseph's School New Plymouth 2,850.00 Taranaki Northern United Hockey Club Inc 600.00 Taranaki Toy Library 15,000.00 St Pius X 2,600.00 Taranaki Offroad Club Inc 500.00 Te Wera Outdoor Recreational Trust 3,000.00 Stratford Community Childcare 1,000.00 Taranaki Western Riding Club Inc 500.00 Recrea on and Sport Taranaki Adult Literacy Services 800.00 Tasman Club Inc 800.00 Bowls Taranaki Inc 10,000.00 Tawhiti Kindergarten 1,000.00 Te Maunga Māori Bowls Taranaki 600.00 Box Office Boxing Inc 22,000.00 Te Kōhanga Reo o Te Namu 1,000.00 The Combined Club of New Plymouth Inc 800.00 Egmont A&P Assn Inc 10,000.00 Te Kōhanga Reo o Waitara 1,000.00 The Probus Club of Oakura 600.00 Hāwera Lawn Tennis & Squash Racquets Club 2,500.00 Te Kōhanga Reo o Waiwhakaiho 1,000.00 Tikorangi Community Centre 500.00 Mountain Miniature Horse Society Inc 1,000.00 Te Kopae Tamariki Kia U Te Reo 1,000.00 Tikorangi Indoor Bowling Club 400.00 Netball Taranaki Inc 100,000.00 Te Kura Kaupapa Maori o Ngāti Ruanui 2,350.00 Tongaporutu Hall Club Inc 400.00 New Plymouth Old Boys Rugby & Sports Club Inc 5,000.00 Toko School 2,350.00 Tukapa Netball Club 800.00 New Plymouth Rangers AFC 10,000.00 Waitara High School 4,700.00 Turuturu Presbyterian Indoor Bowling Club 500.00 NZ Cycle Fest Trust 3,000.00 Welbourn School 3,350.00 Turuturu Women's Institute 500.00 Rotokare Tennis Club 3,500.00 West End School 3,100.00 Upper Mangorei Hall Society 500.00 Sport Taranaki 180,000.00 Westown Free Kindergarten 1,000.00 Vintage Car Club of N.Z. Taranaki Branch Inc 1,000.00 Stratford Agricultural & Pastoral Assn 12,800.00 Recrea on and Sport Vogeltown Bowling & Social Golf Croquet Club 600.00 Surfing Taranaki Inc 30,000.00 Alton Coronation Hall 500.00 Waimate Plains Indoor Bowling Assn 600.00 Swimming Taranaki Inc 10,000.00 Athletics Taranaki Inc 6,000.00 Waitara Badminton Club 500.00 Taranaki Ayrshire Club 2,000.00 Auroa Community Pool 500.00 Waitara District Veteran Golfers Society 600.00 Taranaki Badminton Assn 5,000.00 Bell Block Ladies Badminton Club 400.00 Waitara Golf Club 600.00 Taranaki Community Stadium Trust 25,000.00 Bosco East End Indoor Bowling Club 400.00 Waitara Lawn Tennis Club Inc 500.00 Taranaki Darts Association 5,000.00 Bowls New Zealand Museum Charitable Trust 500.00 Waitara Offshore Fishing Club Inc 800.00 Taranaki Elite Athletes Foundation 25,000.00 Bowls Paritutu Inc 800.00 Waitara Patchwork Group 400.00 Taranaki Garden Trust 8,000.00 Bowls Waitara Inc 600.00 Waitara Spinners Club 400.00 Taranaki Gardens Festival Trust 50,000.00 Central Division Indoor Bowls Inc 1,800.00 Waitara Squash Club 600.00 Taranaki Holden Club Inc 600.00 Central Table Tennis Club 400.00 Waitara Women's Institute 400.00 Taranaki Paraplegic & Physically Disabled Assn 25,000.00 Central Taranaki Indoor Bowls Assn 600.00 Waiwaka Tennis Club 1,000.00 Taranaki Rugby Football Union 173,600.00 Douglas Hall Society Inc 500.00 West End Table Tennis Club 500.00 Taranaki Secondary Schools' Sports Assn 25,000.00 Eastern Districts Junior Hockey 400.00 Westend Croquet Club 500.00 Taranaki Tennis Assn 55,000.00 Egmont Rod & Custom Club Inc 600.00 Westown Scout Group 600.00 Taranaki Vehicle Events Trust 60,000.00 Eltham Association Football Club Inc 600.00 Whiteley Indoor Bowling Club 400.00 Triathlon NZ 25,000.00 Eltham Golf Club Inc 600.00 Women's Institute Durham 400.00 Tyson's Netball Club Inc 2,200.00 Fifty Forwards Social Club (Tenpin Bowling) 500.00 Women's Institute - Lower Mangorei 500.00 Venture Taranaki Trust 75,000.00 Women's Institute - Mangatoki 400.00 Waitara Pony Club Inc 1,800.00 Fitzroy Bowling Club 1,000.00 Women's Institute - New Plymouth Central 400.00 Fitzroy Friendship Club 600.00 Women's Institute Norfolk 400.00 Programme & Event Grants Total 5,494,428.50 Fitzroy Golf Club Inc 1,800.00 Women's Institute - Riverlea 400.00 Fitzroy Senior Citizens Assn 400.00 Women's Institute - Tikorangi 400.00 TOURING PRODUCTION GRANTS Frankleigh Star Indoor Bowling Club 500.00 NPDC Bowl of Brooklands - Angus & Julius Stone 19,000.00 Fuchsia 2000 Club 400.00 Operational Grants Total 544,250.00 TSB Showplace - 2019 Kiss The Sky Na onal Tour 10,000.00 Hāwera Camera Club 500.00 TSB Showplace - Atamira Dance Company: Pango 12,000.00 Hāwera Contract Bridge Club Inc 800.00 PROGRAMME AND EVENT GRANTS TSB Showplace - Mr McGee and the Biting Flea 6,000.00 Hāwera Croquet Club Inc 500.00 TSB Showplace - Cellfish 5,000.00 Hāwera Golf Club Inc 600.00 Arts, Culture and Heritage Ars Nova Choir Inc 3,000.00 TSB Showplace - Chamber Music New Zealand 6,000.00 Hāwera Horticultural Society 500.00 TSB Showplace - Jekyll and Hyde 3,500.00 Hāwera Park Bowling Club 800.00 Arts Festival Taranaki Charitable Trust 150,000.00 Bay of Plenty Music School New Plymouth 4,000.00 TSB Showplace - Little Green Men 6,600.00 Hāwera Rugby League & Sports Club 600.00 TSB Showplace - Michelle A'Court & Jeremy Elwood 3,000.00 Hillsborough Indoor Bowls 500.00 Classical Guitar Society of New Plymouth Inc 6,500.00 Music Innovation Trust of Taranaki 60,000.00 TSB Showplace - Shortland Street - The Musical 10,000.00 Huatoki Tennis Club Inc 1,000.00 TSB Showplace - The Road That Wasn't There 5,0 0 0.0 0 Inglewood and Districts Floral Art Group 400.00 New Plymouth City Band 5,300.00 Inglewood Athletic Club 1,400.00 New Plymouth Competitions Society 6,000.00 Touring Production Grants Total 86,100.00 Inglewood Division Indoor Bowls 600.00 New Plymouth Floral Art Club 2,500.00 Inglewood Indoor Bowls 600.00 New Plymouth Indian Community 5,000.00 PROJECTS Inglewood Squash Rackets Club Inc 800.00 NZ Founders Society Inc - Taranaki Branch 1,000.00 Capability Building Inglewood Trefoil Guild 400.00 Tainui Historical Society 25,000.00 Manukorihi Pā Reserve Trust 680.00 Kaitake Golf Club 1,400.00 Taranaki Art Review 5,000.00 Netball Taranaki Inc 2,400.00 Kaponga Rugby Football Club 1,400.00 Taranaki Branch Registered Music Teachers 2,000.00 STDC - FASD Community Training Event 336.00 Kaponga Women's Institute 400.00 Taranaki Fancy Dancing Assn 12,000.00 Taranaki Environmental Education Trust 2,000.00 Knox Indoor Bowling Club 400.00 Taranaki Fashion Art Award Charitable Trust 10,000.00 Taranaki Futures Trust Inc 20,000.00 Lepperton Bowling Club Inc 800.00 Taranaki Irish Social Club 2,200.00 The Wheelhouse 40,081.00 Taranaki Male Choir 4,000.00 Manaia Women's Institute 400.00 Match Funding Mangaehu-Stratford Sheep Dog Trial Club 500.00 Taranaki Multi Ethnic Council Inc 7,000.00 Taranaki Primary Schools Cultural Festival 11,500.00 STDC - Manaia Community Pot Luck Dinner 285.00 Matapu Hall Society Inc 500.00 STDC - Te Kiri Spring Break Sundays 812.00 Matau Hall Society Inc 500.00 Te Ohu Atawhai o Taranaki Charitable Trust 8,000.00 Merrilands Country Music Club Inc. 500.00 Te Reo o Taranaki Charitable Trust 43,000.00 Strategic Philanthropy Merrilands Indoor Bowling Club 600.00 WOMAD NZ Charitable Trust 138,000.00 NEXT Foundation 25,000.00 Midhirst Combined Sports Club Inc 600.00 Community Wellbeing PKW Trust 30,000.00 Midhirst Public Hall Committee 500.00 Age Concern Taranaki Inc 80,000.00 Venture Taranaki Trust 30,000.00 Midhirst Tennis Club Inc 500.00 Big Brothers Big Sisters of Taranaki 150,000.00 Other Moturoa Associated Football & Sports Club Inc 1,000.00 Central Taranaki Blue Light Ventures 35,000.00 Muslim Assn of Taranaki 10,000.00 New Plymouth Amateur Radio Club Inc 500.00 Christmas at the Bowl Trust 27,000.00 Projects Total 161,594.00 New Plymouth Bowling Club Inc 800.00 Dress for Success New Plymouth 35,000.00 New Plymouth Contract Bridge Club Inc 1,800.00 Gabby's Starlit HOPE Charity 31,500.00 Total Grants Commi‚ ed 2019 10,353,326.50 New Plymouth Croquet Club Inc 600.00 Great Fathers Trust 100,000.00 New Plymouth High School Old Boys Cricket Club 1,400.00 Hāwera Baptist Church 2,000.00 GRANTS REFUNDED New Plymouth Ladies Friendship Club 600.00 Knox Presbyterian Church Waitara 16,000.00 Athletics Hāwera Inc (1,164.00) New Plymouth Machine Knitters Club 400.00 La Leche League Taranaki 1,700.00 Central Taranaki Safe Community Trust (932.60) New Plymouth Model Aero Club Inc 600.00 Mentoring Foundation of NZ 10,000.00 Highlands Intermediate School (1,142.57) New Plymouth Scottish Country Dance Club 400.00 Migrant Connections Taranaki 10,000.00 Kaitake Athletics Club (3,374.00) New Plymouth Square & Round Dance Club 400.00 New Plymouth Group Riding for the Disabled 25,000.00 Okoki Outdoor Education Centre Trust (9,569.00) New Plymouth Tramping Club Inc 1,400.00 NPDC - Festival of Lights 110,000.00 Rapanui Grey Faced Petrel Trust (2,885.50) New Plymouth Troopers Leisure Marchers 400.00 NPDC - Puke Ariki School Transport Project 8,838.50 STDC - Pathways for People: Normanby to Hāwera 59,367.60) New Plymouth Yacht Club Inc 1,400.00 NPDC - Puke Ariki - Language Revitalisation 1,713.00 STDC - Manaia Community Pot Luck Dinner (285.00) Norfolk Hall Society 500.00 NPDC - Puke Ariki Temporary Exhibitions 49,000.00 Spotswood United Rugby Football & Sports Club Inc (1,085.00) Norfolk Indoor Bowling Club 400.00 NPDC - Waitangi Day 5,500.00 Stratford Aero Club (5,580.75) Normanby Amateur Athletic Club 600.00 NZ Army Assn (Taranaki) Inc 1,400.00 Taranaki Rugby Football Union (5,211.12) Normanby Indoor Bowling Club 500.00 Prisoners Aid & Rehabilitation Society 12,000.00 Tarata Hall Inc (2,624.43) North Taranaki Branch of NZ Camellia Society Inc 400.00 Republic of Whangamomona Society 3,000.00 The Cape Egmont Sea Rescue Trust (5,607.44) North Taranaki Branch of NZ Deerstalkers Assn Inc 600.00 SDC - Percy Thomson Exhibitions 24,000.00 TSB Showplace - Shortland Street - The Musical (10,000.00) North Taranaki Jersey Cattle Club 500.00 SDC - Puanga Event 11,000.00 Whangamomona Domain Board Inc (1,618.86) North Taranaki Sport & Recreation Inc 50,000.00 SDC - Summer Nights 18,000.00 North Taranaki Table Tennis Assn 600.00 SDC - Youth Projects 8,250.00 Total Refunds (110,447.87) Northern Division North Taranaki Bowls Assn 600.00 Society of St Vincent de Paul Taranaki 15,000.00 Oakura Cricket Club Inc 400.00 South Taranaki Blue Light 35,000.00 Grants withdrawn - prior year commitments (431,429.83) Oakura Indoor Bowling Club 500.00 South Taranaki Neighbourhood Support 15,000.00 Okaiawa Hall Society 500.00 South Taranaki Women's Centre 33,000.00 GRAND TOTAL 2019 9,811,448.80 TSB COMMUNITY TRUST SUMMARY FINANCIAL STATEMENTS

Statement of Comprehensive Revenue and Expenses for the Year Ended 31 March 2019

Revenue 2019 $ 2018 $ Dividend revenue 11,000,000 11,000,000 Overhead recovery revenue 67,706 55,472 Donaঞ ons received - 1,511 Interest revenue 670,827 639,900 Other revenue 389,038 - Total Revenue 12,127,571 11,696,883

Expenses Grants - paid 6,850,953 7,837,563 Grants - commi‚ ed to be paid 2,960,496 1,531,795 Other operaঞ ng expenses 1,665,462 1,487,580 Total Expenses 11,476,911 10,856,938

Operaঞ ng Surplus/(Defi cit) before Impairment 650,660 839,945

Reversal of impairment losses - 207,436 Surplus/(Defi cit) for the year 650,660 1,047,381

Other Comprehensive Revenue and Expenses - - Total Comprehensive Revenue and Expenses 650,660 1,047,381

Statement of Changes in Net Assets for the Year Ended 31 March 2019

Trust Capital $ Reserve Fund $ Retained Earnings $ Total Equity $ Balance at 1 April 2018 10,000,100 7,920,000 10,071,125 27,991,225 Surplus for the year - - 650,660 650,660 Transfer to / (from) - 1,306,000 (1,306,000) -

Balance as at 31 March 2019 10,000,100 9,226,000 9,415,785 28,641,885

Balance at 1 April 2017 10,000,100 8,887,145 8,056,599 26,943,844 Surplus for the year - - 1,047,381 1,047,381 Transfer to / (from) - (967,145) 967,145 -

Balance as at 31 March 2018 10,000,100 7,920,000 10,071,125 27,991,225

Statement of Financial Position as at 31 March 2019

Assets 2019 $ 2018 $ Current assets 14,369,307 14,657,056 Non-current assets 18,039,325 15,473,058 Total assets 32,408,632 30,130,114

Current liabiliঞ es 3,766,747 2,138,889 Equity 28,641,885 27,991,225 Total liabiliঞ es and equity 32,408,632 30,130,114

Statement of Cash Flows for the Year Ended 31 March 2019

2019 $ 2018 $ Net cash fl ow from/(used in) operaঞ ng acঞ viঞ es 2,122,572 455,899 Net cash fl ow from/(used in) invesঞ ng acঞ viঞ es (3,241,709) 3,132,397 Net increase/(decrease) in cash and cash equivalents) (1,119,137) 3,588,296 Cash and cash equivalents at the beginning of the year 4,858,657 1,270,361 Cash and cash equivalents at the end of the year 3,739,520 4,858,657

14 TSB COMMUNITY TRUST SUMMARY FINANCIAL STATEMENTS

Notes to the Summary Financial Statements for the Year Ended 31 March 2019

Reporঞ ng Enঞ ty Comparaঞ ves These summary fi nancial statements comprise the fi nancial statements The comparaঞ ve fi nancial period is 12 months. of TSB Community Trust (the "Trust") for the year ended 31 March Conঞ ngent Assets and Conঞ ngent Liabiliঞ es 2019. The Trust is domiciled in New Zealand and incorporated under the Charitable Trust Act 1957. The Trust is a Community Trust as defi ned in The Trust has no material conঞ ngent assets (2018: Nil) the Community Trusts Act 1999. Conঞ ngent Liabiliঞ es 2019 $ 2018 $ The nature of the Trust's operaঞ ons is investment and applicaঞ on of Mulঞ -year commitments 6,848,500 4,710,600 the Trust funds for community benefi t. The Trust has been established - - to carry on acঞ viঞ es for the exclusive benefi t of the community within Taranaki. 6,848,500 4,710,600 The fi nancial statements were authorised by the Trustees on 17 July 2019. Conঞ ngent grants are donaঞ ons approved but the distribuঞ on is subject to donees meeঞ ng certain condiঞ ons. Basis of Preparaঞ on Events a[ er the Reporঞ ng Date The full fi nancial statements were prepared in accordance with Tier 1 There are no material events subsequent to balance date which are not Public Benefi t Enঞ ty (PBE) Reporঞ ng Standards as issued by the New other wise disclosed in the fi nancial statements of the Trust. Zealand External Reporঞ ng Board (XRB). They comply with New Zealand equivalents to Internaঞ onal Public Sector Accounঞ ng Standards (NZ Separate Financial Statements IPSAS) and other applicable Financial Reporঞ ng Standards as appropriate The Trust has prepared these separate fi nancial statements to provide to Public Benefi t Enঞ ঞ es. more relevance to users, as the size and presentaঞ on of the consolidated These summary fi nancial statements have been prepared in compliance fi nancial statements does not facilitate a meaningful comparison of the with PBE FRS 43: Summary Financial Statements. These summary Trust's results by those users. fi nancial statements have been extracted from the full fi nancial The Trust has 100% ownership of TSB Group Limited, a company statements and do not include all the disclosures provided in the full incorporated in New Zealand. The Trust has 100% of the voঞ ng power. fi nancial statements. The full fi nancial statements have been audited with The investment is accounted for at cost. an unmodifi ed audit opinion issued on those fi nancial statements for both The consolidated fi nancial statements of the Trust can be obtained from periods the fi nancial statements cover. the Trust Chief Execuঞ ve: Presentaঞ on Currency The fi nancial statements are presented in New Zealand dollars. All numbers are rounded to the nearest dollar. PO Box 667, New Plymouth or by telephoning (06) 769-9471

INDEPENDENT AUDITOR'S REPORT To the Trustees of TSB Community Trust Report on the summary financial statements

Opinion Responsibiliঞ es of the Trustees for the summary In our opinion, the accompanying summary fi nancial statements of Financial Statements TSB Community Trust (the Trust) on pages 14 to 15: The Trustees, on behalf of the Trust, are responsible for: i. Has been correctly derived from the audited Trust fi nancial — the preparaঞ on and fair presentaঞ on of the summary fi nancial statements for the year ended on that date; and statements in accordance with PBE FRS 43 Summary Financial ii. Is a fair summary of the Trust fi nancial statements, Statements; and in accordance with PBE FRS 43 Summary Financial — implemenঞ ng necessary internal control to enable the preparaঞ on of Statements. a summary set of fi nancial statements that is correctly derived from The accompanying summary fi nancial statements comprises: the audited fi nancial statements. — the summary statement of fi nancial posiঞ on as at 31 March 2019; Auditor’s Responsibiliঞ es for the summary Financial Statements — the summary statements of comprehensive revenue and expenses, Our responsibility is to express an opinion on whether the summary changes in net assets and cash fl ows for the year then ended; and fi nancial statements are consistent, in all material respects, with (or — notes, including a summary of signifi cant accounঞ ng policies and are a fair summary of) the audited fi nancial statements based on our other explanatory informaঞ on. procedures, which were conducted in accordance with Internaঞ onal Standard on Audiঞ ng (New Zealand) (ISA (NZ)) 810 (Revised), Basis for opinion Engagements to Report on Summary Financial Statements. We conducted our audit in accordance with Internaঞ onal Standard on We expressed an unmodifi ed audit opinion on the fi nancial statements in Audiঞ ng (New Zealand) (ISA (NZ)) 810 (Revised), Engagements to Report our audit report dated 17 July 2019. on Summary Financial Statements. The summary fi nancial statements do not contain all the disclosures Other than in our capacity as auditor we have no relaঞ onship with, or required for a full set of fi nancial statements under generally accepted interests in, the Trust. accounঞ ng pracঞ ce in New Zealand. Reading the summary fi nancial Use of this Independent Auditor’s Report statements, therefore, is not a subsঞ tute for reading the audited fi nancial This report is made solely to the Trustees as a body. Our audit work has statements of the Trust. been undertaken so that we might state to the Trustees those ma‚ ers we are required to state to them in the Independent Auditor’s Report and for no other purpose. To the fullest extent permi‚ ed by law, we do not accept or assume responsibility to anyone other than the Trustees as a body for KPMG, Wellington our audit work, this report, or any of the opinions we have formed. 17 July 2019

15