Sporting NZ Inc

Sporting NZ Inc. Performance Report For the year ended 31 March 2016 Example Tier 3 Report

2 Contents

Legal Name of Entity: Sporting NZ Inc.

Type of Entity and Legal Basis (if any): Sporting NZ Inc. is an Incorporated Society registered under the Incorporated Societies Act 1908.

Registration Number with DIA Charities: xxx-xxx-xxx

Sporting NZ Inc.'s Purpose / Mission

Mission Statement To use sport as a means to provide support and encouragement to all New Zealanders to improve their health and wellbeing as they pursue their personal sporting goals. Its operations are governed by its constitution that aligns with and supports the requirements in the Incorporated Charities Act 1908.

Entity Structure

Sporting NZ Inc. ("the Society") is an incorporated society focused on supporting sporting activities in New Zealand. It is also a registered charity.

The Society is governed by a Board of Trustees comprising eight members and a Chief Executive. The members of the governing body are as follows:  [Details omitted for the purposes of these example accounts]

The Board of Trustees meet on a monthly basis. [Describe any other relevant activities e.g. risk management processes etc.]

In addition, the Society has an Audit and Risk committee that comprises of three members of the Board of Trustees. The Audit and Risk committee meet 3 times a year.

The Society is structured in order support its key strategic objectives as follows:  High performance sport - [Narrative expanding on operations]  Community sport - [Narrative expanding on operations]  Delivery of major events - [Narrative expanding on operations]  Coaching development programmes - [Narrative expanding on operations]

Main Sources of the Entity's Cash and Resources

Sporting NZ Inc.'s primary source of funding is through receipt of government grants.

Additional sources of funding include:  Functions and events  Courses and development programmes  Donations

Additional Information

[While not shown in this example set of financial statements, preparers should include details of any other additional information that is considered essential to a users' overall understanding of the organisation]

6 Key strategic objectives and outcomes Sporting NZ Inc. aims to achieve, influence and deliver include: 7 8 High performance sport 9 [Details / description of outcome(s) sought] 10 11 Community sport 12 [Details / description of outcome(s) sought] 13 14 Delivery of major events 15 [Details / description of outcome(s) sought] 16 17 Coaching development programmes 18 [Details / description of outcome(s) sought]

Outcomes and measures of quality and objectives in respect Actual Budget Actual to delivery This Year This Year Last Year 19 Community sport value funding provided ($ value) 20 XXX,XX 21 X 22 X X X X X, X, X X X X X X 23 Number of 0-18 yr. old members in sporting organisations 24 X 25 X 26 X with funding provided by Sporting NZ Inc. 27 Number of 19+ yr. old members in sporting organisations 28 X 29 X 30 X with funding provided by Sporting NZ Inc. 31 Coaches attending development courses 32 X 33 X 34 X 35 High performance sport grants provided (# of funded 36 X 37 X 38 X individuals) 39 High performance sport grants provided ($ value of 40 XXX,XX 41 X 42 X funding) X X X X, X, X X X X X X 43 Attendees at the National Sports Awards 44 X 45 X 46 X 47 Community sport value funding provided ($ value) 48 XXX,XX 49 X 50 X X X X X, X, X X X X X X

Additional Output Measures

For example: Individuals provided with high performance sport funding achieved the following:

6 [Details not included in illustrative example]

Additional Information

[While not shown in these example financial statements, preparers should include details of commentary on achievements / outcomes and explanations of variances and movements to help users understand outcomes etc. not shown. Information could cover other matters not previously reported (e.g. results of surveys or other sporting results etc.)]

Points to Note:  Inclusion of budget information is optional (but recommended)  Examples shown above are illustrative only. Actual objectives / deliverables will vary depending on nature of organisations

51 Sporting NZ Inc. 52 Statement of Financial Performance For the year ended 31 March 2016

53 54 55 A 56 B 57 A Notes c u c t d t u g u a e a l t l T T L h h a i i s s s t Y Y Y e e e a a a r r r 58 59 60 $ 61 $ 62 $ 0 0 0 0 0 0 0 0 0 64 67 63 Revenue 65 66 1 68 Grants, donations, fundraising and other similar 69 70 X 71 X 72 X revenue 73 Fees, subscriptions and other revenue from members 74 75 X 76 X 77 X 78 Revenue from providing goods or services 79 80 X 81 X 82 X 83 Interest, dividends and other investment revenue 84 85 X 86 X 87 X 88 Other revenue 89 90 X 91 X 92 X 95 X 96 X 97 X 93 Total Revenue 94 X X X 98 99 100 101 102 104 103 Expenses 105 106 107 2 108 Fundraising expenses 109 X X X

7 53 54 55 A 56 B 57 A Notes c u c t d t u g u a e a l t l T T L h h a i i s s s t Y Y Y e e e a a a r r r 58 59 60 $ 61 $ 62 $ 0 0 0 0 0 0 0 0 0 110 Provision of goods or services 111 112 X 113 X 114 X 115 Grants and donations 116 X X X 118 X X X 117 Correction of prior period error 12 119 Other expenses 120 X X X 122 123 X 124 X 125 X 121 Total Expenses X X X 126 127 128 129 130 132 133 X 134 X 135 X 131 Surplus/(Deficit) for the period before tax X X X 136 137 138 139 140 142 143 X 144 X 145 X 141 Income Tax X X X 146 147 148 149 150 152 153 X 154 X 155 X 151 Surplus/(Deficit) for the period after tax X X X X X X

Points to Note  Inclusion of budget information is optional (but recommended if you have a budget against which you report)  Categories shown above represent the minimum requirements. While some flexibility to layout and terminology is permissible, this is somewhat limited. Naming conventions appropriate to the organisation are allowable, provided that the separate categories are maintained. The majority of modifications are likely to be due to the additional of further line items (e.g. expanding on items otherwise aggregated in other income). PBE SFR-A (NFP) should be consulted when revising category layout.

8 This financial statement should be read in conjunction with the accompanying notes.

9 156 Sporting NZ Inc. 157 Statement of Financial Position For the year ended 31 March 2016

158 159 160 A 161 B 162 A Notes c u c t d t u g u a e a l t l T T L h h a i i s s s t Y Y Y e e e a a a r r r 163 Assets 164 165 $ 166 $ 167 $ 0 0 0 0 0 0 0 0 0 169 172 168 Current Assets 170 171 3 173 Bank and Cash* 174 175 X 176 X 177 X 178 Inventory* 179 180 X 181 X 182 X 183 Debtors and Prepayments* 184 185 X 186 X 187 X 188 Other current assets 189 190 X 191 X 192 X 195 X 196 X 197 X 193 Total Current Assets 194 X X X 198 199 200 201 202 203 Non-Current Assets 204 205 206 207 209 X X X 208 Property, Plant and Equipment* 4 211 X X X 210 Investments* 3 212 Total Non-Current Assets 213 XX XX XX 214 215 217 218 X 219 X 220 X 216 Total Assets* X X X 221 222 223 224 225 226 Current Liabilities 227 228 229 230 231 Bank overdraft* 232 233 X 234 X 235 X 237 236 Creditors and accruals* 238 X 239 X 240 X 3 242 241 Employee entitlements* 243 X 244 X 245 X 3 247 246 Unused donations and grants with conditions* 248 X 249 X 250 X 3 251 Finance lease – Current portion 252 253 X 254 X 255 X

10 158 159 160 A 161 B 162 A Notes c u c t d t u g u a e a l t l T T L h h a i i s s s t Y Y Y e e e a a a r r r 163 Assets 164 165 $ 166 $ 167 $ 0 0 0 0 0 0 0 0 0 256 Other current liabilities 257 258 X 259 X 260 X 262 263 X 264 X 265 X 261 Total Current Liabilities X X X 266 267 268 269 270 271 Non-Current Liabilities 272 273 274 275 276 Finance lease – Current portion 277 278 X 279 X 280 X 281 Other non-current liabilities 282 283 X 284 X 285 X 287 288 X 289 X 290 X 286 Total Non-Current Liabilities X X X 291 292 293 294 295 297 298 X 299 X 300 X 296 Total Liabilities* X X X 301 302 303 304 305 307 308 X 309 X 310 X 306 Net Assets* X X X 311 312 313 314 315 317 316 Accumulated Funds 318 319 320 5 321 Capital contributed by members* 322 323 X 324 X 325 X 326 Accumulated surplus* 327 328 X 329 X 330 X 331 Reserves* 332 333 X 334 X 335 X 337 338 X 339 X 340 X 336 Total Accumulated Funds* X X X

This financial statement should be read in conjunction with the accompanying notes.

11 Points to Note  Inclusion of budget information is optional (but recommended if you have a budget against which you report)  Sections are marked with an asterisk "*" are required, although if they do not apply to the entity can be removed.  Categories shown above represent the minimum requirements. While some flexibility to layout and terminology is permissible, this is somewhat limited. Naming conventions appropriate to the organisation are allowable, provided that the separate categories are maintained. The majority of modifications are likely to be due to the additional of further line items (e.g. expanding on items otherwise aggregated in other income). PBE SFR-A (NFP) should be consulted when revising category layout.

12 341 Sporting NZ Inc. 342 Statement of Cash Flows For the year ended 31 March 2016

343 344 A 345 B 346 A c u c t d t u g u a e a l t l T T L h h a i i s s s t Y Y Y e e e a a a r r r 347 Cash Flows from Operating Activities* 348 $ 349 $ 350 $ 0 0 0 0 0 0 0 0 0 351 Cash was received from 352 353 354 355 Donations, fundraising and other similar receipts* 356 X 357 X 358 X 359 Fees, subscriptions and other receipts from members* 360 X 361 X 362 X 363 Receipts from providing goods or services* 364 X 365 X 366 X 367 Interest, dividends and other investment receipts* 368 X 369 X 370 X 371 Net GST 372 X 373 X 374 X 375 376 377 378 379 Cash was applied to: 380 381 382 383 Payments to suppliers and employees* X X X 384 Donations or grants paid* X X X 385 386 Net Cash Flows from Operating Activities* XX XX XX 387 388 Cash Flows from Investing and Financing 389 390 391 Activities* 392 Cash was received from: 393 394 395 396 Sale of property, plant and equipment* 397 X 398 X 399 X 400 Disposal of investments* 401 X 402 X 403 X 404 Loan drawdowns* 405 X 406 X 407 X 408 Capital contributed from members* 409 X 410 X 411 X 412 413 414 415 416 Cash was applied to: 417 418 419 420 Acquisition of property, plant and equipment* 421 X 422 X 423 X 424 Acquisition of investments* 425 X 426 X 427 X 428 Loan repayments* 429 X 430 X 431 X 432 Capital repaid to members* 433 X 434 X 435 X 436 437 438 439 440 Net Cash Flows from Investing and Financing 441 X 442 X 443 X

13 343 344 A 345 B 346 A c u c t d t u g u a e a l t l T T L h h a i i s s s t Y Y Y e e e a a a r r r 347 Cash Flows from Operating Activities* 348 $ 349 $ 350 $ 0 0 0 0 0 0 0 0 0 Activities* X X X 444 445 446 447 449 X 450 X 451 X 448 Net Increase / (Decrease) in Cash* X X X 453 X 454 X 455 X 452 Opening Cash* X X X 457 X 458 X 459 X 456 Closing Cash* X X X 460 461 462 463 464 This is represented by: 465 466 467 469 X 470 X 471 X 468 Bank & Cash* X X X

This financial statement should be read in conjunction with the accompanying notes.

Points to Note  Inclusion of budget information is optional (but recommended if you have a budget against which you report)  Sections are marked with an asterisk "*" are required, although if they do not apply to the entity can be removed.  Categories shown above represent the minimum requirements. While some flexibility to layout and terminology is permissible, this is somewhat limited. Naming conventions appropriate to the organisation are allowable, provided that the separate categories are maintained. The majority of modifications are likely to be due to the additional of further line items (e.g. expanding on items otherwise aggregated in other income). PBE SFR-A (NFP) should be consulted when revising category layout.

14 15 472 Sporting NZ Inc. 473 Statement of Accounting Policies For the Year ended 31 March 2016

Basis of Preparation The Society has elected to apply PBE SFR-A (NFP) Public Benefit Entity Simple Format Reporting - Accrual (Not-For-Profit) on the basis that it does not have public accountability and has total annual expenses of equal to or less than $2,000,000 for the last two annual reporting periods. This is the first year of its adoption in light of the requirements of the Charities Act 2005. It previously followed NZ GAAP and the comparative numbers have not been restated. All transactions in the Performance Report are reported using the accrual basis of accounting. The Performance Report is prepared under the assumption that the Society will continue to operate as a going concern in the foreseeable future.

Revenue Revenue is accounted for as follows:

Membership income Fees and subscriptions received in exchange for monthly access to member’s facilities are initially recorded as income in advance and recognised in revenue evenly over the membership period.

Where members purchase specific services (for example, attendance at the coaching and development course), revenue is initially recorded as revenue in advance, and then recognised proportionally on the basis of the value of each session relative to the total value of the purchased services.

Other fees and subscriptions are recorded as revenue when cash is received.

Fundraising and Grants Fundraising and Grant income is accounted for depending on whether or not it has a "use or return" condition attached. Where no use or return conditions are attached, the revenue is recorded as income when the cash is received. Where income includes a use or return condition, it is initially recorded as a liability on receipt. The income is then subsequently recognised within the Statement of Financial Performance as the performance conditions are met.

Donations Donations are accounted for depending on whether they have been provided with a "use or return" condition attached or not. Where no use or return conditions are attached to the donation, revenue is recorded as income when the cash is received. Where donations include a use or return condition, the donation is initially recorded as a liability on receipt. The donation is subsequently recognised within the Statement of Financial Performance as the performance conditions are met.

Donated goods or services (other than donated assets) are not recognised.

Where significant donated assets are received with useful lives of 12 months or more, and the fair value of the asset is readily obtainable, the donation is recorded at the value of the asset obtained. Where the fair value of the asset is not readily obtainable, the donation is not recorded. Donated assets with useful lives less than 12 months are not recorded.

16 474 Sporting NZ Inc. 475 Statement of Accounting Policies For the Year ended 31 March 2016

Event Income Entrance fees for functions and events are recorded as revenue when the function or event takes place.

Interest and dividend income Interest income is recognised on an accruals basis.

Dividend income is recognised when the dividend is declared.

Other Income All other income is accounted for on an accruals basis and accounted for in accordance with the substance of the transaction.

Income Tax Income tax is accounted for using the taxes payable method.

Points to Note  Registered charities should instead record that they are registered charities under the Charities Act 2005, and accordingly are not subject to income tax.

Bank Accounts and Cash Bank and Cash in the Statement of Cash Flows comprise cash balances and bank balances (including short term deposits) with original maturities of 90 days or less.

Goods and Services Tax (GST) All amounts are recorded exclusive of GST, except for Debtors and Creditors which are stated inclusive of GST.

Debtors Debtors are carried at estimated realisable value after providing against debts where collection is doubtful.

Finance Leases Assets under finance leases are recognised as non-current assets in the statement of financial position. Leased assets are recognised initially at the lower of the present value of the minimum lease payments or their fair value. A corresponding liability is established and each lease payment allocated between the liability and interest expense. Leased assets are depreciated on the same basis as equivalent property, plant and equipment.

Inventory Inventories are stated at the lower of cost and net realisable value. Cost is determined on a first in, first out basis and in the case of manufactured goods, includes direct materials, labour and production overheads. Certain inventories are subject to restriction of title clauses, including Romalpa Clauses.

Property, plant and equipment

17 Property, plant and equipment are shown at cost or valuation less any accumulated depreciation and impairment losses.

18 476 Sporting NZ Inc. 477 Statement of Accounting Policies For the Year ended 31 March 2016

Depreciation Depreciation is provided on a straight-line basis on all property, plant and equipment, at rates that will write off the cost of the assets to their estimated residual values over their useful lives. The depreciation rates and useful lives associated with major classes of assets have been estimated as follows:

Buildings 40 years Furniture and fittings 4 to 10 years Sports equipment 2 to 5 years Gym and coaching equipment 2 to 5 years Office equipment 4 to 10 years Computer hardware 2 to 3 years

Employee Costs Employee entitlements are measured at undiscounted nominal values based on accrued entitlements at current rates of pay. These include salaries and wages accrued up to balance date, annual leave earned but not taken at balance date, and long service leave. The Society recognises a liability and an expense for bonuses it is contractually obliged to pay, or where a past event has created a constructive obligation.

Provisions The Society recognises a provision for future expenditure of uncertain amount or timing when there is a present obligation (either legal or constructive) as a result of a past event, from which the probability that an outflow of future economic benefits will be required to settle the obligation and the ability to determine a reliable estimate of the amount of the obligation both exist.

Loans Loans are recognised when the amount borrowed has been received. The loan is recognised at the principal value plus accrued interest less repayments made.

Changes in Accounting Policies There have been no changes in accounting policies during the annual reporting period (last year - nil) other than noted above.

19 478 Sporting NZ Inc. 479 Notes to the Performance Report For the Year ended 31 March 2016

480 Note 1 - Analysis of Revenue 481 T 482 h Last i s $000

Y e a r $000 483 Donations, fundraising and other similar revenue 484 485 488 486 Funding - High Performance Sports (Sport NZ) 487 X X 491 489 Grants - Coaching Development (Wellington Council) 490 X X 494 492 Grants - Community Sport (Lion) 493 X X 497 495 Grants - Pub charity 496 X X 500 498 Fundraising 499 X X 503 501 Donations (other than from members) 502 X X 506 504 Bequests 505 X X 508 X 509 507 Total X XX 510 511 512 513 Fees, subscriptions and other revenue from members 514 515 516 Membership Fees 517 X 518 X 519 Facility hire 520 X 521 X 522 Donations (from members) 523 X 524 X Total XX XX

Revenue from providing goods or services 527 525 Sports awards 526 X X 530 528 Facility hire 529 X X 533 531 Other Income 532 X X 535 X 536 534 Total X XX

20 Points to Note  Breakdowns shown above are examples only. Individual organisations should provide breakdowns of revenue providing meaningful analysis relevant to the particular organisation. Typically this will involve the disclosure of individually material line items. The inclusion of the above notes is optional (but recommended).

Note 2 – Analysis of Expenses 537 538 T 539 h Last i s $000

Y e a r $000 540 Provision of goods or services 541 542 545 543 Coaching and development programme costs 544 X X 548 546 Functions and events 547 X X 550 X 551 549 Total X XX 552 553 554

Note 2 – Analysis of Expenses cont…

558 T 559 h Last i s $000

557 Y e a r $000 560 Grants and donations 561 562 563 Athlete Scholarships 564 X 565 X 566 High Performance Funding 567 X 568 X 569 Community Grants 570 X 571 X 572 Kiwi sport Funding 573 X 574 X Total XX XX

Other Expenses 577 575 Accounting fees 576 X X 580 578 Audit fees 579 X X 583 581 Repairs and maintenance 582 X X 585 X 586 584 Total X XX

Points to Note  Breakdowns shown above are examples only. Individual organisations should provide breakdowns of revenue providing meaningful analysis relevant to the particular organisation. Typically this will involve the disclosure of individually material line items. The inclusion of the above notes is optional (but recommended).

Note 3 - Analysis of Assets and Liabilities

22 587 Assets 588 T 589 L h a i s s t Y Y e e a a r r 590 591 $ 592 $ 0 0 0 0 0 0 593 Cash & Deposits 594 X 595 X 596 Call Account 597 X 598 X 599 Saving Account 600 X 601 X 603 X 604 X 602 Total X X

605 Investments 606 Term Deposits X X 607 Shares X X Total XX XX

Liabilities

608 Creditors and accruals 609 610 611 Trade Creditors 612 X 613 X 614 Accruals 615 X 616 X 617 Provision (Leasehold property restoration) 618 X 619 X 621 X 622 X 620 Total X X

625 Note 3 - Analysis of Assets and Liabilities cont…

626 Employment Entitlements 627 628 629 Accrued annual leave 630 X 631 X 632 Long service leave 633 X 634 X 635 Accrued salaries and wages 636 X 637 X 639 X 640 X 638 Total X X 641 642 643 644 Unused donations and grants with conditions 645 646 647 High Performance Funding 648 X 649 X 650 Grants - Coaching Development (Wellington Council) 651 X 652 X 653 Grants - Community Sport (Lion) 654 X 655 X 657 X 658 X 656 Total X X

Points to Note  Breakdowns shown above are examples only. Individual organisations should provide breakdowns of revenue providing meaningful analysis relevant to the particular organisation. Typically this will involve the disclosure of individually material line items. The inclusion of the above notes is optional (but recommended).

Note 4 - Property, Plant and Equipment

This Year Asset Class* Current Year Opening Depreciation Closing Carrying Sales/ and Carrying Amount* Purchases Disposals Impairment* Amount* $000 $000 $000 $000 $000 Land* X X X X X Buildings* X X X X X Motor Vehicles* X X X X X Furniture and fixtures* X X X X X Office equipment* X X X X X Computers (including X X X X X software)* Sports Equipment X X X X X Total XX XX XX XX XX

Current Valuation* Source and Date of Valuation* XX Government Valuation XX Government Valuation

24 25 659 Sporting NZ Inc. 660 Notes to the Performance Report For the Year ended 31 March 2016

Note 4 - Property, Plant and Equipment cont…

Last Year Asset Class* Current Year Opening Depreciation Closing Carrying Sales/ and Carrying Amount* Purchases Disposals Impairment* Amount* $000 $000 $000 $000 $000 Land* X X X X X Buildings* X X X X X Motor Vehicles* X X X X X Furniture and fixtures* X X X X X Office equipment* X X X X X Computers (including software)* X X X X X Sports Equipment X X X X X Total XX XX XX XX XX

Significant Donated Assets Recorded - Source and Date of Valuation* $000 Clubrooms (including land) - Donated ex. Wellington Council on 1 April 2012 XX Sports Equipment [Nature not described in example] - Donated ex BG Bird & TM Elmo on 1 April XX 2015

Significant Donated Assets - Not Recorded* Sporting NZ Inc. has not received any significant donated assets during the course of the year that were not recorded (2015: Nil).

Points to Note  Categories shown above represent the minimum requirements. While some flexibility to layout and terminology is permissible, this is somewhat limited. Naming conventions appropriate to the organisation are allowable, provided that the separate categories are maintained. The majority of modifications are likely to be due to the additional of further line items. PBE SFR-A (NFP) should be consulted when revising category layout.

Note 5 - Accumulated Funds

This Year Description* Capital Accumulated Contributed by Surpluses or Members* Deficits* Reserves* Total* $000 $000 $000 $000 Opening Balance* X X X X Capital contributed by members* X - - X Capital returned to owners * - - - X Surplus/(Deficit)* - X - X Distributions paid to owners* - - - X Transfer to Reserves* - (X) X X Transfer from Reserves* - X (X) X Total XX XX XX XX

Last Year Description* Capital Accumulated Contributed by Surpluses or Owners* Deficits* Reserves* Total* $000 $000 $000 $000 Opening Balance* X X X X Capital contributed by members* X - - X Capital returned to owners * - - - X Surplus/(Deficit)* - X - X Distributions paid to owners* - - - X Transfer to Reserves* - (X) X X Transfer from Reserves* - X (X) X Total XXX XX XX XX Breakdown of Actual* This Year Actual* Reserves $000 Last Year $000 Name* Nature and Purpose* Development fund Funds held in the XX XX Coaching Development Fund have been set aside for the coaching development expo to be held in 2017. Burt and Ernie legacy In 2002, Burt and XX XX fund Ernie bequeathed X,XXX,XXX to Sporting NZ Inc. The funds are held in

27 reserve with income generated applied to the tiddlywinks high performance program. Deferred maintenance The deferred XX XX reserve maintenance reserve was established to set aside funds to re-pile to Wellington Clubhouse. This work is expected to occur in 2018. Total XXX XXX

665 Note 6 - Commitments and contingencies At Reporting At Reporting date date This Year Last Year Commitments to lease or rent assets * $000 $000 Future vehicle operating lease payments (48 month lease) XX XX Future photocopier operating lease payments (36 month lease) XX XX Office Rental (lease to March 2019) XX XX

Commitment to purchase property, plant and equipment* Purchase of 1 Sesame Street (contract signed, settlement in April 2016) XX - Refurbishment of rehabilitation facilities (contract signed) XX - Contract signed to purchase video analysis equipment not yet supplied - XX

Commitments to provide loans or grants* High performance funding (3 year contract commencing 2015) XX XX Kiwi sport funding (ongoing funding contract) XX XX Community grants (committed to, but not paid) XX XX

Contingent liability* Pending legal action relating to employee dispute. XX -

Guarantees provided* Acting as guarantor on Tiddywinks Associations borrowing. XX XX

Note 7 - Other

Revenue with Conditions which have not been recorded as a Liability.* Source of Revenue Purpose and Nature of the Original Not Fulfilled Condition(s)* Amount* Amount* Grants - Community Sport (Lion) Funds must be used for community XX XX sport initiative, however funding contract does not have a specific "use or return condition".

Grants - Pub charity Funds must be used for community XX XX sports equipment, however funding contract does not have a specific "use or return condition".

Note 7 – Other cont…

Goods or Services Provided to the Entity in Kind* Description* Amount* Donated spot prizes XX Volunteer hours (X,XXX hours valued at $XXper/hr) XX

Assets Used as Security for Liabilities* Nature and Amount of Borrowing* Nature and Amount of Asset Used as Security* Vehicle finance lease ($XX,XXX over 60 month lease) Secured over the underlying vehicle. Value of assets secured is $XX,XXX. Volunteer hours (X,XXX hours valued at $XXper/hr) Secured over the clubhouse land and buildings. Value of assets secured is $XXX,XXX.

Note 8 - Assets Held on Behalf of Others*

[Include details where relevant – Delete note if no assets hold on behalf of others]

Note 9 - Related Party Transactions

This Year Last Year This Year Last Year $000 $000 $000 $000 Description of Description of the Value of Value of Amount Amount Related Party Transaction (whether Transactions Transactions Outstanding Outstanding Relationship* in cash or amount in kind)* K. Frog (Board Provided legal advice XX XX XX - Member) in respect to certain matters. C. von Count (Board Provided community XX - - - Member) funding to the Foosball Association. C von Count is a Board Member of this association

Note 10 - Events After the Reporting Date

There were no events that have occurred after the reporting date that would have a material impact on the Performance Report. (Last Year Nil)

Note 11 - Ability to Continue Operating*

[Only required where the organisation expects to stop operating within 12 months of the reporting date, or if the organisation is unable to continue operating - Otherwise delete]

Note 12 - Correction of Errors*

[Only required where there are significant errors relating to past periods that have been corrected in the current reporting period - Otherwise delete]

Points to Note  Sections are marked with an asterisk "*" are required, although if they do not apply to the entity can be removed.