ANNUAL GENERAL Licensing Trust & ILT Foundation 2016 MEETING to be held at Elmwood Garden, 7.30pm on Tuesday ANNUAL REPORT 30 August 2016 “Proud to have been both a participant and a funder of the Tour of Southland over the last 60 years”

Invercargill Licensing Trust. Greg Mulvey General Manager Your City, Your Trust. The Invercargill Licensing Trust belongs to you, the people of Invercargill. This concept of community ownership is both the Trust’s uniqueness and its reason for being - with direct accountability back to its owners, the residents of our city. More than ever, there is an increasing appreciation around the globe for the benefits community organisations such as ours deliver. OUR VISION: OUR MISSION: For Invercargill to grow and To operate the best quality develop into the best place to hospitality businesses, making live, work and play. it possible for us to return Alan Dennis significant benefits to the people President of Invercargill.

GROUP ILT TOTAL GRANTS 2016: Courtesy of The Southland Times Courtesy

Executive Management Team Chris Ramsay, Greg McElhinney (seated), Neil Affleck, Greg Mulvey, Terry Laidlaw

$8.03 million for the year ended Group Financial Performance 31 March 2016 Achieving sound financial results for the year, the Invercargill Licensing Trust and ILT Foundation were able to provide a Overview high level of grants totalling $8.03 million to local community u The Invercargill Licensing Trust recorded a significant level organisations. of profit after tax for the year. This resulted from an increase A significant increase in the Invercargill Licensing Trust profit is in trading profit along with benefit from the gain on sale of a explained in the notes below. property asset, a lower level of project maintenance costs and the inclusion of a large taxation refund from prior years. ILT (Group) Net After-Tax u Value of Associated Company: The value of the Trust’s investment in DB Brewery Ltd decreased by $38,000 due primarily to the timing of profit distributions Profit 2016 ($) 2015 ($) which affects the net tangible asset value included in the Group u Invercargill Licensing Trust 10,704,000 5,582,000 financial statements. (Parent) u The ILT Foundation achieved an increase in profit to a total of u Change in Value of (38,000) (42,000) $4.552 million (up from $4.332 million) due to a small increase Associate Company in sales and continued good control of operating expenses. u ILT Foundation 4,552,000 4,332,000 u The Invercargill Licensing Trust and the ILT Foundation u Consolidated Group 15,218,000 9,872,000 allocated grants totalling $8.03 million for the year – a u Less Grants Allocated (8,030,000) (8,012,000) slight increase on last year’s grants of $8.012 million but still representing a substantial level of funding provided to benefit u 7,188,000 1,860,000 Net Surplus for the year the local community.

Invercargill Licensing Trust HOW EACH DOLLAR OF INVERCARGILL LICENSING Financial Performance TRUST INCOME IS DISTRIBUTED The Invercargill Licensing Trust’s pre-tax operating surplus, before Income Tax 1.1% Surplus grants, is $8.462 million – considerably higher than last year’s available result of $6.844 million and ahead of our budget expectations. Sundry Operating Depreciation after Tax Contributing influences were the inclusion of a gain on sale of Expenses 3.4% 8.8% 10.4% the Tavern land and buildings and a lower level of project maintenance work embarked on during the year. When these two factors are excluded, the comparable trading profit before tax is Staffing Costs $7.343 million compared to $6.844 million last year – an increase 22.1% Cost of Goods for Sale of 7.3%. 54.2% u The net after-tax profit, before grants, is $10.704 million compared to last year’s result of $5.582 million. This substantial increase is the result of the improved pre-tax trading profit noted above, and the inclusion of a large taxation refund from prior years. u Total sales for the year were $82.5 million – up 1.8% on last year’s total of $81.0 million. Higher accommodation sales and off-premise beverage sales contributed to the increase, while OPERATING PROFIT OVER THE LAST 5 YEARS restaurant sales were on par with last year and on-premise (before deducting Taxation and Grants) (bar) sales were down 4.2%. $ u Investment income was maintained at similar levels to last year. 9,000,000 8,000,000 u Operating expenses were well managed with a small decrease 7,000,000 on the previous year. 6,000,000 u Grants of $4.002 million were allocated, a similar level to last 5,000,000 year’s total of $4.001 million. 4,000,000 3,000,000 Financial Strength 2,000,000 The Trust’s financial position remains very strong with a low level 1,000,000 0 of term debt and total assets of $94.7 million, compared to $87.8 2012 2013 2014 2015 2016 million last year. This includes substantial cash reserves available for future development projects which will ultimately benefit our ■ Invercargill Licensing Trust ■ ILT Foundation community. u Equity has increased by $6.68 million to a total of $78.6 million.

Invercargill Licensing Trust 2016 Operating Surplus (before tax and grants): $8.462 million Investing in the Future ILT Foundation Hospitality has always been at the heart of our business. The The ILT Foundation was established challenge of exceeding the expectations of our clientele in a by the Invercargill Licensing Trust world of evolving trends is one we embrace with gusto. After to own and operate all gaming all, reputation is everything in this industry. machines in its establishments. It’s As a Trust, we have a well-structured plan for ongoing an innovative model designed to investment in our portfolio. Our commitment to reinvesting ensure a maximum level of grants substantial levels of capital expenditure back into our businesses are returned to our community. In plays a vital role in our future success as well as maintaining our this regard, the ILT Foundation has relevance to the community. consistently been one of the highest performing of all gaming trusts in During the past year projects invested in have included: . Acutely aware of its social responsibilities, the ILT WAIKIWI TAVERN: u With the sale of the old Waikiwi Tavern in Gimblett Street Foundation is actively implementing and the subsequent purchase of a new site on North Road, harm minimisation practices and Jackie Flutey considered by the Department of construction of a new restaurant and tavern development ILT Foundation Internal Affairs to be a leader in this commenced. The project is expected to be completed Manager in early October 2016 and will be an exciting new venture important aspect of its operation. to enable us to better cater for the substantial population u The ILT Foundation’s net surplus of $4.552 million represents based in the Waikiwi/Grasmere area. a 5% increase on last year’s result of $4.332 million. ASCOT PARK HOTEL: u Revenue at $9.394 million was up nearly 4% on last year. u Ongoing reinvestment in our flagship hotel property continued, including final payments made on the u Total grants allocated for the year were $4.027 million, (last refurbishment of all motel units and planning for more year $4.011 million). projects early in the new financial year. u During the year the Appleby Tavern, one of the venues at which the ILT Foundation operated gaming machines, LONE STAR CAFÉ AND BAR: u We successfully completed a major redevelopment of the was closed. The ILT Foundation now operates 163 gaming bar area adding to the appeal of this popular café bar. machines in 10 venues. u Trustees of the ILT Foundation have an unwavering focus KELVIN HOTEL: on community benefit and grant distributions reflect this by u A continuation of our plan to maintain this hotel at a supporting an array of Invercargill charitable and amateur standard which meets its target market, the bathroom areas organisations across the arts, culture, , welfare, on the third and fifth floors were refurbished. Further work health, religion, sport and recreational activities. will be completed in the new financial year, including the replacement of the two guest lifts. u The ILT Foundation Board is comprised of all current Invercargill Licensing Trust Board members, together with A NEW ACQUISITION: the Trust’s solicitor Chris Ward and Jason McKenzie. u During the year, the Trust entered into an agreement to purchase the former Southland Times building on Esk Street, adjacent to the Kelvin Hotel. Possession will take place on 30 June 2016. The acquisition will provide us with a viable option for developing new hotel accommodation in the HOW EACH DOLLAR OF ILT FOUNDATION inner city or future development opportunities for the Kelvin INCOME IS DISTRIBUTED Hotel. Administration Costs LIQUOR DISTRIBUTION BUSINESS: 2.3% u By year end we had completed negotiations to acquire Surplus available Operating the assets of a Central Otago liquor distribution business, for Grants Expenses Beaver Liquor Ltd based in Queenstown. This company 49.0% 19.6% supplies a significant number of bars and restaurants in the Queenstown basin and we took ownership from 1 April 2016. Gaming Machine Duty 23.0% It will provide us with a step change in our wholesale liquor distribution business in that region – one we have been Depreciation involved with for many years and will now enable us to grow 6.1% our business model.

APPLEBY TAVERN SALE: u Subsequent to balance date, the Trust entered into an unconditional sale and purchase agreement for the sale of the Appleby Tavern, with settlement due on 1 July 2016. The decision to sell was made after considerable analysis revealed the Tavern was no longer relevant due to a declining residential base and therefore not financially viable.

ILT Foundation 2016 Operating Surplus $4.552 million (before grants): supporting our community Trust – it’s a powerful word and one we take ILT AND ILT FOUNDATION GRANTS very seriously. BY CATEGORY 2015/16 With a publicly elected board at the helm, our Trust is directly accountable to the Sport 43.6% Community Facilities community we represent. 17.9% The people of Invercargill trust us to administer the sale of sensitive products such as alcohol and gaming. Arts/Culture They trust us to reinvest strategically back 6.7% into our business for future sustainability so generations to come will continue to reap the Community, Events Education rewards. & Recreation 5.7% Health/Welfare 16.1% 10.0% They trust us to have the advancement of community and social goals at our core, enhancing the city within which we operate by initiating u Total grants of $8.029 million were allocated during and funding valuable projects. This is the Trust’s the year - $4.002 million from the Invercargill Licensing uniqueness and why it is a vitally important contributor to Trust and $4.027 million from the ILT Foundation. the Invercargill community. The diversity of the 400-plus organisations the ILT and The Invercargill Licensing Trust and the ILT Foundation ILT Foundation supported to achieve their respective dispense millions of dollars each year, playing an integral goals in the past year leaves no aspect of Invercargill life role in every sector of society. To gauge the value of untouched. We’re incredibly proud of that. our funding solely on the figures involved would do it an injustice. The genuine worth is evidenced by what the Below is a representative sample of your Trust at work in money has tangibly achieved for the people of our city. its community.

Rose of Tralee Support Spans 44 Years As the Rose of Tralee competition reaches its 50th year of being held in New Zealand, we also reflect on the Trust’s involvement at a local level. The Invercargill Irish Society has organised this cultural event for the last 44 years, with the Invercargill Licensing Trust lending its support. In 1988 our own Grand Hotel receptionist Maryanne Ward succeeded in being crowned not only the New Zealand Rose of Tralee but also the International Rose of Tralee – an amazing achievement. She recalls flying back into from the international competition staged in Ireland and being whisked off the tarmac in (then) Mayor Eve Poole’s limo to an official reception at the Grand Hotel. Maryanne continued to work for the ILT, both at the Grand and later the Kelvin Hotel, for many Maryanne when crowned Rose of Tralee in 1988, and Maryanne today. (Photos courtesy of years. The Southland Times)

The ILT has continually supported the Invercargill Rose of Tralee competition which is a great cultural opportunity“ for young women. ” Maryanne Ward 400organisations supporting our community Education Education is a gift no-one can take away. That’s why we’ve invested over $1.3 million into educational grants during the past year. The following is merely a snapshot. 22 SCHOOLS Per Year INVERCARGILL PRIMARY STUDENTS143 Tertiary SCHOOL’S Enrich@ILT 195 Scholarships SING OUT 109 STUDENTS 65 PER YEAR Invercargill Secondary School Network SIT Trades Scholarships 38,115 Sessions ILT School Swimming Programme Ashlee Nieborg – one of our first ever Tertiary Scholarship Recipients ILT Tertiary Scholarship Scheme Celebrates 10th Anniversary On 7 November 2006, Paul O’Connor, then principal of James Hargest College, wrote in the school newsletter: “This year, the Invercargill Licensing Trust has added 50 new scholarships to the menu available for Invercargill school leavers .... there surely could not be a match anywhere in New Zealand for the largesse that comes from the powerful, visionary support for education that the ILT is providing in our town”. Now in its 10th year, the ILT Tertiary Scholarship Scheme has provided over 600 scholarships to Invercargill students attending tertiary education - totalling over $3.6 million. Ashlee Neiborg, one of the first scholarship recipients, shares her story:

As a young woman leaving high school and heading into tertiary education, I knew I had a number of “important decisions ahead of me as well as the financial commitments which accompany full time study. I attended Aurora College and in my final year in 2006 I decided that I would pursue a career in teaching, training in the primary sector. My teachers encouraged me to apply for one of the ILT Tertiary Scholarships being offered at the time and I was lucky enough to be one of the recipients alongside a number of other students across Invercargill heading off to university. I chose to study at the University of Otago College of Education in Invercargill and, as I was not living at home during my study, the financial support of the ILT scholarship was invaluable to reduce the size of my student loan. I have now been teaching for seven years at Primary School. I am passionate about teaching and learning and enjoy the challenges and rewarding nature of this profession. I am proud to say that as of the end of last year, I have now paid off my student loan debt with the help of my scholarship and can enjoy my maternity leave with my two children. Thank you Invercargill Licensing Trust. ” Ashlee Nieborg HAVE RECEIVED SUPPORT FROM THE Invercargill Licensing Trust and ILT Foundation Pedalling to the Top of the World “Build it and they will come.” Well, the results certainly have for cycling. What started as a wish for the Invercargill cycling community 20 years ago is now making dreams come true for a new generation of cyclists. When the Southland Indoor Leisure Centre Charitable Trust gave the go ahead for a velodrome to be added to the Stadium Southland complex, the ILT was at the start line with vital funding for the development. In addition, the Trust’s board, executives and staff were actively involved in the team which made it a reality. The benefits of this world-class facility have been well-documented ever since - from world records to Olympic gold medals. The ILT Foundation has proudly supported Emma Cumming, Bradley Knipe and Tom Sexton over the past three years and congratulate them on their recent success at the UCI Junior Track Cycling World Emma Cumming and Ellesse Andrews training at the SIT Zero Fees Championships held in Switzerland. Velodrome (Photo courtesy of The Southland Times) Congratulations also to Pieter Bulling, Natasha Hansen and Eddie Dawkins on their selection to the 2016 New Zealand Olympic Team. We are proud to have played a part in your journey to Rio.

The results we’ve seen (in the 2016 UCI Junior Track Cycling World Championships) are a true testament“ to the foresight of those who shared the belief and visions more than a decade ago to build a covered velodrome in Invercargill and have continued to support the sport and Cycling Southland. Mark Hotton GENERAL MANAGER, CYCLING SOUTHLAND ” 1000 Days Trust – Making a Positive Difference The 1000 Days Trust is another innovative project initiated right here in Invercargill which we’ve relished the opportunity to support through both the ILT and ILT Foundation. At risk Southland babies and families are benefitting from the 1000 Days Trust piloting a specialised service available during the first 1000 days of a child’s life. The Trust has developed a true early intervention model which aims to promote healthy parent/infant relationships and assists with the prevention of secondary problems which may arise from a broad range of early risk factors. The 1000 Days model consists of a residential service and a comprehensive follow on programme for whānau. The intended outcome of the 1000 Days model is to empower mothers and/or fathers with the tools to nurture their children to reach their full potential. After all, the children are our future. 1000 Days Trust member Lyndsay Tautari (photo courtesy of the Southland Times) We are hugely appreciative of the support from the Invercargill Licensing Trust and ILT Foundation. The“ ILT’s contribution has been vital in ensuring we can continue to help vulnerable Southland parents and their infants. Together we can help the community positively address the complex issues many young families face. The ILT’s support represents a meaningful and tangible contribution to the trust’s vision of strengthening local communities and providing a significantly more positive future for these babies and their whānau ” Prue Halstead CHAIRPERSON OF 1000 DAYS TRUST Alan Dennis Adv Dip TCHG, President

Mike Mika LL.B, BA Deputy President

Sean Bellew The newly refurbished Emberz Restaurant – Ascot Park Hotel

TO THE FUTURE Motivated by our desire to provide quality licensed premises for our community to enjoy, the Trust will continue to reinvest in our businesses in the 2016/17 year, with further significant investment Angela Newell BA PG planned the following year. Dip, Dip TCHG, LTCL We will continue to be actively involved in planning for a vitally-needed inner city rejuvenation programme. As we eye the potential development of a new hotel, we view our role in this process as an important one. The Invercargill Licensing Trust’s budgeted pre-tax profit, for the coming year, is expected to be slightly higher than this past year’s result, after excluding capital gains and extraordinary items. The ILT Foundation is also budgeting for a small increase in profit for the coming year. The level of financial and other support provided by the Group to the numerous community organisations we assist for the coming year is expected to be at comparable levels to the past year. Suzanne Prentice OBE

THE BOARD Appreciation The Invercargill Licensing Trust Board Where there is teamwork and collaboration, comprises: Alan Dennis (President), Mike wonderful things can be achieved. Every Mika (Deputy President), Sean Bellew, member of our Board, management and staff are Angela Newell, Suzanne Prentice and John John Young LL.B, BA committed to our vision for Invercargill and that’s Young. reflected in our continuing success. We wish to record our sincere thanks for the extraordinary The Trustees of the ILT Foundation are: contribution they make to our Trusts and the Alan Dennis (Chairman), Mike Mika, Sean wider community we serve. Bellew, Suzanne Prentice, Angela Newell, John Young, Jason McKenzie and Chris

Ward. Only Board Foundation ILT Jason McKenzie BSR Mgmt, PG Dip Tchg, Grad Cert Career Couns, M. Couns Alan Dennis Greg Mulvey PRESIDENT GENERAL MANAGER ILT Foundation Board Only Board Foundation ILT

Chris Ward LL.B MNZTA Invercargill Licensing Trust Registered Trustee Invercargill Tap Dancing Association 5,000 Southland Tennis Association Inc 20,000 Invercargill Truck Show & Parade 5,000 Southland Triathlon & Multisport Club 11,000 $ Invercargill Volunteer Fire Brigade 580 Southland Youth One Stop Shop Trust 10,000 Grants to the Community James Hargest College 8,899 SPELD Southland 2,500 Legion of Rowers - Southland 1,875 Sport Southland 53,500 Love Local Charitable Trust 3,500 Squash City Invercargill Inc 9,000 1000 Days Trust 25,000 Marist Brothers Old Boys' Rugby Football Club 17,000 Squash Southland 20,000 2nd NZEF Club 500 Marist Cricket Club 2,000 St Catherine's College Reunion 500 Amputee Society of Otago & Southland Inc 1,000 Meals on Wheels 2,400 St Mary's Netball Club 5,000 Anzac Day 100th Centenary 559 Metropolitan Cricket Club 3,000 St Patrick's Primary School 2,500 Appleby Cricket Club 3,500 Murihiku Maori & Pasifika Cultural Trust - Stadium Southland Ltd 69,067 Athletics Invercargill Club Inc 700 2016 Polyfest 15,207 Star Rugby Football Club 2,000 Athletics Southland 5,500 Murihiku Swimming Club Inc 1,000 Stuffed Hawkes Golden Oldies 2,000 Aurora College 5,007 National Council of Women Inc 1,000 Swim Southland 19,000 Badminton Southland 21,500 Netball South Zone Inc 250,000 Takitimu Home Anglican Care Trust 20,054 BWR Sports Club 1,000 New River Primary School 2,500 Te Puawaitanga 1,600 Bowls Southland 15,900 Newfield Dart Club 1,000 Te Rangi Bowling Club 900 Cancer Society of NZ - Southland Division Inc 12,155 Northend Bowling Club 2,500 Te Wharekura O Arowhenua 1,000 Chamber Music NZ - Southland Branch 12,000 Old Boys' Association Football Club 6,500 Tertiary Education Scholarships 368,000 Chamber of Commerce Southland 2,676 Onslow Indoor Bowling Club 600 Touch Southland 12,500 Citizens Advice Bureau 5,735 Order of St John - Invercargill Area 1,600 Venture Southland 96,608 City of Invercargill Highland Pipe Band 20,000 Otago Southland Employers Association 3,000 Venture Southland - Promotion Fund 8,500 City of Invercargill Rugby League Club 2,000 Outward Bound 15,000 Verdon College 3,500 Clifton Club Inn Dart Club 581 Senior Citizens Christmas Dinner 33,309 Volleyball Southland Inc 10,000 Collegiate Rugby Football Club Inc 3,250 Phoenix Synchro (Southland) 15,000 Waihopai Bowling Club Inc 2,000 Cooks Rugby League Club 2,000 Pirates Old Boys' Rugby Club 2,000 Waikiwi Bowling Club 600 Cowboys Rugby League Club 2,000 Pregnancy Help Inc 4,000 Waikiwi Rugby Club 2,000 Cycling Southland 32,500 Presbyterian Support Services 65,000 Waverley Bowling Club 1,000 Diabetes Southland Inc 7,500 Queens Park Golf Club Inc 6,282 Youth Development Southland Region Trust 2,000 Disabilities Resource Centre Southland Rape & Abuse Support Centre Southland Inc 30,000 Youthline Southland Inc 2,500 Charitable Trust 2,500 Rotary Club of Invercargill North 2,500 Small Grants under $500 (incl meal vouchers) 20,957 Eastern Suburbs Rebels Pool Team 750 Royal Guards Leisure Marching Team 6,000 Grants Refunded not required from previous years (23,261) Environment Southland 1,000 Rugby Southland 401,000 FibreOctave 750 Sacred Heart School 2,500 Total First Presbyterian Church 45,000 SBS Golf Invitational 1,200 $4,002,423 Foveaux Cake & Sugar Art Guild 2,500 Senior Net (South) Inc 1,500 Foveaux Toastmasters Club 500 Sharks Basketball Ltd 140,000 Georgetown Bowling Club 800 South Centre Anglican Care Trust Southland 17,500 Glen 560 All Sports Club 1,000 South City Community Choir 800 Glen Country Music Club 3,000 South Invercargill Urban Rejuvenation Glengarry Highland Piping & Dancing Society 1,000 Charitable Trust 1,650 Glengarry Kindergarten 3,000 Southern District Health Board 3,500 Grants to the Community Golf Southland Inc 14,000 Southern Institute of 2,000 Grey Power Southland 10,000 Southern Pastel Artists 4,000 $ Hawaiian Delights Rugby Team 1,000 Southern Pro-Wrestling Club Inc 5,000 He Tauaa Rugby League Club 2,000 Southern Storytellers 2,200 1000 Days Trust 50,000 Hearing Association - Southland Branch 8,000 Southland A & P Association 1,000 All Saints Badminton Club 1,800 Heart Foundation - Southland Branch 5,500 Southland Art Society Inc 20,000 Aqua Health Inc 2,000 Heritage South 1,600 Southland Basketball Association 22,000 Ascot Community School - 2016 Interactive HETTANZ Southland 600 Southland BMX Club 1,000 Whiteboard Teaching & equipment programme Hockey Southland Inc 20,500 Southland Boxing Association Inc 14,000 (on behalf of all Invercargill Primary Schools) 97,780 Hospice Southland Charitable Trust 40,000 Southland Boys' High School 5,674 Ascot Park Racing Consortium Inc 10,000 ILT Hockey Turf Charitable Trust 5,000 Southland CATE Association 750 Athletics Southland 4,000 ILT Dart League 1,400 Southland Christmas Parade Charitable Trust 6,500 Athletics Southland - scholarship 700 ILT Trade Scholarships 50,000 Southland Competitions Society Inc 4,500 Autism New Zealand Southland Branch 5,000 Inner Wheel of Invercargill North 2,000 Southland Cricket Association 45,976 Awarua Communications Museum Inc 2,000 Invercargill Bowling Club 700 Southland Deer Farmers' Association 1,500 Awarua Whanau Services 250 Invercargill City Charitable Trust - Southland Football Inc 36,000 Badminton Southland 72,000 2016 Southland Buskers' Festival 12,500 Southland Girls' High School 13,000 Badminton Southland - scholarship 1,500 Invercargill City Council - Southland Indoor Bowls Centre Inc 5,000 Barnardos NZ - Invercargill Branch 27,000 2016 Schools Swimming Programme 65,000 Southland Indoor Leisure Centre Charitable Trust - Blue Jay Marching Club 5,500 Invercargill Community Patrol Charitable Trust 1,000 ILT Stadium Southland 1,100,000 Blues Indoor Bowling Club 400 Invercargill Contract Bridge Club 3,250 Southland Justices of the Peace 1,300 Bluff Oyster & Food Festival 5,000 Invercargill Freemasons Hall 3,000 Southland Literacy Association 8,000 Bluff Rugby Club 2,000 Invercargill Garrison Band/Ascot Park Brass of Invercargill 25,000 Southland Master Builders' Association 2,000 Bluff School 600 Invercargill Harness Racing Club Inc 500 Southland Masters' Badminton Club 2,000 Bluff Yacht Club 450 Invercargill Hockey Association 8,000 Southland Mathematical Association Inc 1,000 Bowls Southland 46,000 Invercargill Irish Society 5,500 Southland Mature Employment Services 1,083 Bowls Southland Umpires' Association 200 Invercargill Musical Theatre Inc 35,000 Southland Musicians' Club 2,500 Brigadiers Netball Club 1,000 Invercargill Old Boys' Cricket Club 2,500 Southland Primary Schools' Cricket Team 1,200 Bush Haven Native Bird Rehabilitation Trust 1,000 Invercargill Primary Principals' Association 2,400 Southland Rowing Association Inc 4,000 Cancer Society of NZ - Southland Division Inc 6,000 Invercargill Primary School Educational Southland Secondary Schools' Cultural Scholarship 4,500 CanTeen Southland 6,000 Initiatives Trust - enrich@ILT 134,000 Southland Secondary Principals' Association 18,000 CCS Disability Action Southland 12,000 Invercargill Repertory Society Inc 12,500 Southland Secondary Schools' Sport 13,000 Chamber of Commerce Southland - Invercargill Rugby Football Culb 17,000 Southland Softball Association 15,000 2016 Young Enterprise Scheme 1,500 Invercargill Secondary Schools' Network Trust 50,000 Southland Table Tennis Association Inc 1,000 Child Matters - Southland 3,000 Invercargill Sunrise Rotary Club 14,000 Southland Teachers & Judges Association 500 Citizens Advice Bureau 1,100 City of Invercargill Highland Pipe Band 45,000 Otago Southland Chinese Association - Southland Multicultural Council Inc 8,000 Collegiate Rugby Football Club Inc 10,000 Invercargill Branch 200 Southland Multiple Sclerosis Society Inc 17,500 Conductive Education (Southern) Charitable Trust 12,000 Otatara Landcare Group 250 Southland Musicians Club 2,000 CS Arts Charitable Trust 5,000 Otatara School 621 Southland Olympic Weightlifting Inc - 5 scholarships 5,000 Cycling Southland 160,000 Panthers Softball Club 5,750 Southland Piping & Drumming Development Trust 35,000 Cycling Southland - 3 scholarships 3,200 Parent to Parent Southland 7,000 Southland Power Boat Club 4,500 Dance Opportunities Inc 2,000 Phoenix Synchro (Southland) 30,000 Southland Riding for the Disabled 2,000 Dance Southland Inc - scholarship 1,500 Phoenix Synchro (Southland) - 16 scholarships 15,200 Southland Rodeo Association Inc 5,500 Diabetes Southland Inc 2,900 Piping & Dancing Association of NZ - Southland 1,800 Southland Rowing Association Inc 8,200 Disabilities Resource Centre Southland Pirates Old Boys' Rugby Club 15,000 Southland Rowing Association Inc - scholarship 1,500 Charitable Trust 22,500 Poppycock Trust 15,000 Southland & Technology Fair 1,500 Dive South 5,000 Presbyterian Support Services - Family Works 67,000 Southland Secondary Schools' Sport 12,000 Dodgers Softball Club - Invercargill 5,000 Probus Club 400 Southland Ski Club - scholarship 1,200 Donovan Primary School 2,500 Queens Park Association Football Club 5,000 Southland Society of Model Engineers Inc 2,000 Eagles Golfing Society of Southland Inc 300 Queens Park Croquet Club Inc 1,000 Southland Softball Association 40,000 English Language Partners NZ Trust - Southland 3,000 Queens Park Ladies' Golf Club 700 Southland Softball Association - 2 scholarships 1,500 Epilepsy Association of NZ - Southland Branch 7,500 Rape & Abuse Support Centre Southland Inc 40,000 Southland Sports Car Club 20,000 Eventing Southland 2,243 Royal Guards Leisure Marching Team 5,000 Southland Sports Car Club - scholarship 700 First Presbyterian Church 45,000 Rugby Southland 340,000 Southland Stock Car Drivers Association 5,500 Foveaux Harmony Chorus Inc 3,500 Rugby Southland Supporters Club 5,500 Southland Ten Pin Bowling Association Inc - Friends of Cathedral Music - Southland Branch 1,500 Salford School 2,500 scholarship 700 Georgetown Indoor Bowls Club 500 Shakespeare in the Park Charitable Trust 6,000 Southland Tennis Association Inc 55,000 Golf Southland Inc 25,000 Southend United Junior Football Club Inc 1,800 Southland Triathlon & Multisport Club 9,800 Grasmere Indoor Bowls Club 350 Southern District Health Board - Southland Triathlon & Multisport Club - scholarship 700 Greenacres Country Club Inc 19,200 Incubator Programme 2016 year 3,500 Southland Woodworkers Guild 1,263 Head Injury Society of Southland Inc 8,000 Southern Gold Marching Team 868 Southland Youth One Stop Shop Trust 25,000 Hearing Association Southland Branch 1,383 Southern Grass Go-Kart Club 5,000 Sport Southland 163,500 Heritage South 2,500 Southern Institute of Technology - Squash Southland 40,000 Hockey Southland Inc 75,000 2015 Trade Scholarships 10,000 St Andrew's Indoor Bowling Club 500 Hospice Southland Charitable Trust 36,000 Southern Miniature Horse Club 1994 Inc 500 Stadium Southland - 2017 World Sheep ILT Hockey Turf Charitable Trust 5,000 Southern Models & Modellers Club 500 Shearing & Handling Championships 15,000 Invercargill Citizens Bowling Club 4,500 Southern Railway & Modellers Club 1,000 Star Rugby Football Club 15,000 Invercargill City Charitable Trust - Southland A & P Association 4,000 Strings of Southland Charitable Trust 2,200 2016 Southland Buskers' Festival 12,500 Southland ACC Advocacy Trust 5,000 Swim Southland 70,000 Invercargill City Council - Southland Aero Club Inc 10,000 Takitimu Home Anglican Care Trust 15,000 2016 Schools Swimming Programme 77,528 Southland Archery Club - scholarship 1,500 Talent Development Southland Charitable Trust 56,000 Invercargill City Libraries 10,000 Southland Art Society Inc 34,000 Thistle AFC Inc 1,500 Invercargill Community Patrol Charitable Trust 1,000 Southland Asthma Society 24,000 TOA Fighting Systems Southland Inc - 2 scholarships 2,400 Invercargill Elim Community Church Trust 20,000 Southland Basketball Association 82,000 Touch Southland 37,500 Invercargill Freemasons Hall 7,000 Southland Basketball Association - 5 scholarships 3,500 Touch Southland - 2 scholarships 1,400 Invercargill Garrison Band/ Southland Beneficiaries and Community Rights 25,000 Venture Southland - 2016 Kidzone Festival; Ascot Park Brass of Invercargill 40,000 Southland Billiards and Snooker Association 4,000 Southland Festival of the Arts 2016 50,500 Invercargill Golf Club Inc 2,900 Southland Bird Club 1,500 Volleyball Southland Inc 32,000 Invercargill Harness Racing Club Inc 10,000 Southland Boxing Association Inc 4,000 Volleyball Southland Inc - 2 scholarships 2,100 Invercargill Indoor Bowls Sub Centre 1,200 Southland Canoe Club 1,500 Waihopai Association Football Club 5,000 Invercargill Methodist Parish 2,836 Southland Christmas Parade Charitable Trust 6,000 Waihopai Bowling Club Inc 10,000 Invercargill Musical Theatre Inc 35,000 Southland Community Broadcasters Waihopai Playcentre 1,232 Invercargill Netball Centre 50,000 Charitable Trust 2,000 Waihopai School 2,180 Invercargill North Parish 2,836 Southland Community Nursery Conservation Trust 5,000 Waikiwi Highland Piping and Dancing Society 1,000 Invercargill Parents Centre Inc 2,000 Southland Competitions Society Inc 3,500 Waikiwi Rugby Club 15,000 Invercargill Primary School Educational Southland Cricket Association 115,000 Western FC 1,500 Initiatives Trust - enrich@ILT 265,000 Southland Darts Association 1,600 Windsor North School 2,000 Invercargill Repertory Society Inc 10,000 Southland Darts Association - scholarship 700 Worldskills Southland - scholarship 1,200 Invercargill Rifle Club 1,000 Southland District Rugby Football League Inc 45,000 YMCA Charitable Trust Southland 32,500 Invercargill Rowing Club 10,000 Southland Education 15,000 Young Spirit Indoor Bowls Club 200 Invercargill Secondary Schools' Network Trust 100,000 Southland Equestrian Centre 1,500 Youth Development Southland Region Trust - Invercargill Summer Festival Charitable Trust 10,000 Southland Filipino Society 1,000 2016 'Kiwi Can' & 'Career Navigator' programmes 23,000 Invercargill Sunrise Rotary Club 5,000 Southland Fire Service Museum Society 5,000 Youthline Southland Inc 2,500 Invercargill Toy & Puzzle Library 2,500 Southland Foodbank Charitable Trust 20,000 Grants Refunded not required (53,140) Jet Boating NZ Inc - Southland Branch 1,000 Southland Football Incorporated 75,000 Jubilee Budget Advisory Service 15,000 Southland Football Incorporated - scholarship 1,000 Total Kew Bowling Club Inc 1,400 Southland Girls' High School 2,500 $4,027,188 Lindisfarne Kindergarten 1,700 Southland Golf Club Inc 1,750 Makarewa Netball Club 1,000 Southland Greyhound Adoption Trust 1,000 Makarewa Playcentre 2,856 Southland History Fair 2,000 Makarewa School 1,000 Southland Indoor Bowls Centre Inc 22,000 Makarewa Squash Racquets Club 1,000 Southland Indoor Bowls Centre Inc - scholarship 400 Miniature Horse Club of Southland (1997) Inc 500 Southland Indoor Bowls Umpires' Association 500 Murihiku Maori & Pasifika Cultural Trust - Southland Indoor Leisure Centre Charitable Trust - 2015 Polyfest 21,000 ILT Stadium Southland 250,000 Murihiku Swimming Club Inc 1,000 Southland Kennel Association 500 Rugby Club 1,000 Southland Life Education Community Trust 5,000 Myross Bush School 2,500 Southland Mature Employment Services 5,000 Netball South Zone Inc 150,000 Southland Motorcycle Club Inc - 2015 Burt Munro Tracks Trust 20,000 Challenge; 2016 Superbike Road Race Nationals; Orca Swimming Club Inc 1,403 2016 Southland Moto-X Championships 47,400 Oreti Park Speedway 1998 - 2 scholarships 1,400 Southland Mountain Bike Club 5,000

$8.03 millionReturned to your community PHONE 03 211 3640 PHONE 03 211 3640 FAX 03 214 4418 FAX 03 214 4418 EMAIL [email protected] EMAIL [email protected] WEB www.ilt.co.nz WEB www.iltfoundation.org.nz POST PO Box 208, POST PO Box 1771, Invercargill 9840, New Zealand Invercargill 9840, New Zealand Kidzone ILT 2016 Southland Venture of Tim Bright, courtesy photo Cover