ANNUAL REPORT 15/16 MWDI ANNUAL REPORT 15/16
FOREWORD
In 1987 MWWL established the Māori Women’s Te Ropu Wahine Maori Development Fund, which in 1997 became the Māori Toko i Te Ora (“MWWL”) Women’s Development Inc to assist Māori women into business. The trustees of the Māori Women’s was established in 1951 Development Incorporation are the past and to promote activities current Presidents of MWWL. With the need to purchase property, the Trustees that would improve in 1997 established an independent entity while maintaining a constitutional requirement to report on the position of Māori, an annual basis to Māori Women’s Welfare League’s particularly women National Council at Annual General Meetings. Māori Women’s Development Inc is a development and children. and lending corporation for Māori in Aotearoa and received confirmation of its charity status on the 5th of July 2013. VISION Hei Manaaki i Te Mana Wāhine Māori
MISSION Encourages the economic development of Māori women and their whānau to ensure that Māori contribute equitably to this nation’s cultural, economic, social and political achievements.
VALUES Mana – Empower Wāhine Māori Manaaki – Foster and support Wāhine Māori Whanaketanga – Enhance and improve the economic position of Wāhine Māori in order to contribute to the economic development of whānau and our nation
Wairuatanga – Embracing our spirit MWDI ANNUAL REPORT 15/16 HE TOHU MAUMAHARA MŌ
Linda Marra Grennell (31.07.46 - 03.02.16) Ngāi Tahu, Ngāti Mutunga
“Kei te mahara tonu mātou ki tō tātou Taua, ko ia tētahi ō ngā Perehitini ō mua ō te Rōpu Wāhine Māori Toko i te Ora me tētahi ō ngā mema Taratī i runga i a MWDI, ko Linda Marra Grennell tērā. Ahakoa kua ngaro i te tirohanga tangata, kāhore mātou i warewaretia i tōnā tū i te Āo Māori. I wehe atu ia ki te āo wairua i te toru o Pēpuere 2016 kei te kōpū ō āna mātua tīpuna ki Kōukōurarata (Port Levy) i te Waipounamu e takoto ana. Heōi, moe mai e te māreikura, whakatā mai i te rangimārie i raro i te korowai aroha o te Atua i waenganui ī ō mātua tīpuna, me ā tātou wāhine toa o mua, ā te wā, ka tūtaki anō tātou i a tātou”
1 Māori WOMENS DEVELOPMENT INCORPORATED CONTENTS
Chairperson’s Report 1-2
CEO Report 3-4
A Year in Review 5-7
Program Delivery and Partnership Developments 8-20
Financials 21-42
MWDI Trustees 43-45
MWDI Staff 46 MWDI ANNUAL REPORT 15/16
CHAIRPERSON’S REPORT
Tēna tātou katoa, Financial performance E ngā mana, e ngā reo, e ngā The MWDI Trustees are in the early kārangaranga maha, tēnā koutou, stages of developing a Statement tēnā koutou, tēnā rā tātou katoa. of Investment Performance E whakamana ki tō tātou Arikinui and Objectives (SIPO). This will ā Kīngi Tuheitia me te Makau Ariki help consolidate and clarify our ā Te Atawhai, te Kāhui Ariki, me strategic intentions and delivery Tainui waka, e noho rā i te riu ō measurements. In the meantime, Waikato, tēnā rā koutou katoa. we have continued to hold funds with our fund manager, Milford E mihi atu ki a rātou kua wehe atu Asset Management and the ki te po, ki tua o te Ārai, ki ā koe e balance of our funds with the Bank te hoa, e Linda, e tangi hotuhotu of New Zealand in term deposits. ana te manawa, ara ki ā James Our returns for the current financial Barrett hoki, he pou ō mua mō year with Milford were not as mātou ngā Taratī o MWDI. successful as the previous year’s Hāere, hāere atu rā. return. However we are pleased Ngā mihi nui ki ā koe e te Perehitini that overall our returns are above e Prue, me ngā peka katoa o Te the current Term Deposit Rates Ropu Wahine Maori Toko i te Ora. offered by banking institutions particularly in the current Tāmaki Herenga Waka, Tāmaki economic environment. Makaurau, tēna tātou katoa. Heoi anō, ānei ta mātou rīpoata Loans mō ngā tau 2015 ki 2016. The major role for the Trustees Kā nui te mihi o te wā, nō reira huri is to oversee MWDI’s business noa, tēnā koutou, tēnā koutou, loan applications, and their tēnā rā tātou katoa. Tātou, Tātou. participation within the Assessment Subcommittee (ASC) is a critical Whāia te iti MWDI have had an exceptionally link between making strategic busy year with many new and approvals and ensuring the core kahurangi, ki te promising developments on the business goals of MWDI are horizon. The primary aim for strongly reflected in the businesses tuohu koe me he the year has been to focus on who receive MWDI loans. growth and performance whilst maunga teitei maintaining stability in our fiscal The Trustees are extremely pleased and excited to see the increase Pursue that which position, strengthening our core in applications for this year and is precious, and do business and continuing the quality the ability for MWDI investment not be deterred by of delivery to our key clients. to make a difference in Māori anything less than women’s lives and their business a lofty mountain. aspirations”. Trustees have continued to be involved in various mentoring and community activities as part of
1 MWDI’s business development Acknowledgements programmes including: Organisational Nō reira, ka nui ngā mihi ki ngā MaiBiz Rangatahi – Attending Strength: Tari Kāwanatanga, ngā Pēke, ngā Maibiz programmes with rangatahi Kamupene, ngā Tari Hāpori hoki, across the motu. The trustees me ō rātou āpiha e hāpai ana i a Te Wero Pakihi: Te Wero Pakihi have continued MWDI i tēnei tau. was held in the beginning of July • Te Mīnita Whakawhanake Māori, with the Trustees attending at to maintain Hon Te Ururoa Flavell various times of the programme. We were happy to greet Sir Willie robust financial • Te Kaiwhakahāere a Michelle Apiata and MP Marama Fox as Hippolite me ngā Kaimahi ō guest speakers at the Graduation management Te Puni Kōkiri but more importantly to see and reporting • Kō ngā roopu katoa hei tautoko rangatahi Māori accelerate their i a Te Wero Pakihi learning in business. systems when • Ngā Kaitiaki o MWDI, Aroha Maibiz Pakeke – We held a very running Rēriti-Crofts, Āreta Koopu, successful Maibiz programme in Druis Barrett, Dame June Māriu, Ōrakei this year. the MWDI Kataraina O’Brien, Prue Kapua New Initiatives – Based business and • Westpac on this and previous years’ success, the Trustees approved demonstrating • Massey University the development of further • The Coffee Club programmes to build on our the importance clients’ initial learning and for Tēnā rawa atu koutou katoa. our MWDI team to broaden the of building Ko te kōrero whakamutunga, me program with new initiatives. The strong financial mihi atu kia Teresa Tepania-Ashton Trustees were happy to attend the tā mātou Chief Executive Officer, launch of these programmes in capability ōna kaimahi hoki mō ā rātou Parliament on the 9th June 2016. mahi rangatira whakahirahira, i • Hine-preneur – a Business within tēnei tau. Ko tēnei te mihi mō te Leadership & Development our client mutunga mai o te pai ki tō tātou Coaching programme Kaiwhakahāere a Teresa i whiwhi communities. i te tohu MNZM mai i ngā Hōnore • Hine-Boss – a business Kuīni o te tau hōu. development training programme Nō reira, ngā mihi nunui mō ngā rā kei mua i te aroaro, tēnā koutou, • Hine-Timebank – a platform tēnā koutou, tēnā tātou katoa. to encourage the trade of skills and services between wāhine where time not money is the Mauri ora currency of exchange. Kitty Bennett MNZM MWDI Chairperson
2 MWDI ANNUAL REPORT 15/16
CEO’S REPORT
HIGHLIGHTS OF THE YEAR Key Partnerships The past year has highlighted our Their collective input and key strengths as an organisation contribution to this report with the ability to seek solutions evidences this year’s success for our existing and prospective and their commitment to clients while also ensuring viable MWDI’s kaupapa. practices. That is, in order to achieve and lift our goals, we have not moved away from maintaining Food and stability whilst pursuing innovation and excellence in our delivery. Hospitality continues to be Extended program delivery the strongest This has been demonstrated in industry MWDI the significant extension of our programs to meet our client invests in needs, the recognition through continued support of our work by however, we our sponsors and partners and the have seen a strong relationships we have built with extended communities and steady increase sectors that create the impact we strive for at MWDI. in Health and
Quality project focus Fitness, the A key contribution to our success Honey Industry has been the development of Ehara taku toa, staff as a close-knit and self- and Transport. he takitahi, he managed team, working cohesively to achieve quality outcomes toa takitini against the business plan and the organisation’s strategic goals. Each My success should staff member works strategically not be bestowed across our projects as well as onto me alone, completing core operational as it was not requirements. Part way through individual success the year we gained a University but success of a student as an intern staff member, collective. who supports our administrative pool as well as one of our Rangatahi projects.
3 4 MWDI ANNUAL REPORT 15/16
THE YEAR IN REVIEW
Financial Summary Loans Distribution The financial year end had a net MWDI continues to split our loan portfolio into two funds. surplus of $538,601. This is a Fund 1: Loan Fund 1 is a closed loan book with all loans granted prior to huge achievement, and is more 2012. The aim with this fund is to reduce the fund by collecting amounts than double the net surplus of the outstanding. For the year ended 30 June 2016 we collected $188,00 vs prior year ($208,385). The main $120,000 in the prior year. The fund is diminishing and the collection of contributor is an increase in loans amounts outstanding will continue. See (Fig. 1) granted to Māori women; this year a total sum of $528,969 compared to $299,169 in 2015. Fund 1 Loan Balance In addition is our recovery of loan monies which have in the $5,000,000 past been provided for as doubtful or bad debt. 2016 saw a reduction $4,000,000 in recovery of $69,813 compared to $221,027 of doubtful debt $3,000,000 in 2015.
Investment Performance $2,000,000
We continue to invest funds in a $1,000,000 unit trust portfolio managed by the Milford Investment group $0 and in term deposits at the Bank 2012-2013 2013-2014 2014-2015 2015-2016 of New Zealand. For the year ended 30 June 2016 the Milford Fig. 1 (Fund 1 Loan Balance from 2012 to 2016): The graph illustrates the Investment Fund returned 5.95% Fig. 1 (Fund 1 Loan Balance from 2012 to 2016): reductionThe graph of illustrates the fund overthe reductiona four-year of period the fund (from over 2012) a four-year period (from 2012) compared to 12.03% in the prior year. The reduction in return is consistent with external markets and is higher than the market rates for term deposits. MWDI’s term deposits returned on average 3.81% compared to 4.54% the previous year. Overall, MWDI is content with the return on Investments given the external forces (both local and international) the market has faced during the year.
5 Fund 2: Loan Fund 2 is MWDI’s active loan fund that opened in December 2012. The fund has a total of 37 clients and is actively granting loans to Māori women and their whānau.
The two objectives of this Fund are: 1. To grant $600,000 of loans per year, and 2. To ensure repayments received by clients are at least 65% of expected repayments.
Actual repayments received by clients for the year ended 30 June 2016 was at 122% of expected repayments. This was due to three clients repaying their loans in full prior to the maturity date. With the removal of these three clients MWDI received 74% of contracted repayments which is above our aimed threshold of 65%. (Fig. 3 – page 7)
Loans Granted
$600,000
$500,000 For the year ended $400,000 30 June 2016, MWDI $300,000 granted $528,969
$200,000 of loans to Māori women comparable $100,000 to $299,169 in 2015 $0 (Fig. 2) Next year our 2014-2015 2015-2016 intention is to grant Fig.Fig. 2 (Fund2 (Fund 2 Loans2 Loans Granted): Granted): The graph illustrates the amount of the full $600,000 of The graph illustrates the amount of total loans granted over a two year period (from 2014). total loans granted over a two year period (from 2014). loans to Māori women businesses.
6 MWDI ANNUAL REPORT 15/16
Loans Management Potential clients are This year we were required to invest in a loans management system now able to submit that allows a streamlined approach for all users and stakeholders of our services including our clients, our Hinepreneur Coaches and MWDI staff. a full application for This tailored approach helps us to connect directly with clients and that a loan and upload allows them to interact with MWDI Staff and be connected to our team required documents of expert coaches. that are immediately The new system provides an instant platform of access and evaluation for coaches with key features including: reviewed by our Staff • measuring how often they have logged in to the system and Coaches. • recording their interactions with clients; and, • tracking the number of applications completed or in progress
The system also provides the following reporting functions: • The number of loan enquiries • Loans approved or rejected • The number of jobs created • A Bank declined summary (a criteria requirement) • Clients per region • Industry
A further key feature is that our Accountant is able to systematically track our coaching activity with invoices from our clients that provide accurate timeframes on accounting entries and client interactions.
Repayments Coaches are able $400,000 to be assigned $350,000 to clients and/or $300,000 potential clients $250,000 as well as upload $200,000 additional resources $150,000 to their profiles for $100,000 better support and $50,000 primary document $0 interaction. 2014-2015 2015-2016
Fig. 3 (Fund 2 Loan Repayments): This graph illustrates the variance in repaymentsFig 3 (Fund between 2 Loan Repayments): last year and this year. This graph illustrates the variance in repayments between last year and this year. 7 PROGRAM DELIVERY & PARTNERSHIP DEVELOPMENTS
Tūngia te ururua, kia tupu whakaritorito te tupu o te harakeke Clear the undergrowth so the new flax will grow
MWDI’s primary aim is to • Our partnership with Ākina will also allow us to forge new developments for Wāhine Māori and assist Wāhine Māori and their Whānau in the Social Enterprise sector. We also hope to partner with other organisations to their Whānau to establish increase our footprint around the motu enhancing or expand businesses. opportunities for all enterprise activity. And, we look forward to developing these new During the year MWDI launched a number of new initiatives by the upcoming financial year: training and development programmes and formed new collaborative partnerships; the fruits of this labour • Our He Papa Pūtea Program - A grassroots will see MWDI become an influential contributor to financial literacy workshop programme will be the Māori business and Enterprise Sector. targeted at whānau in South Auckland. As we continue to leverage off and expand our • The development of a He Papa Pūtea Kete existing programs and partnerships there are of support resources and facilitation training significant new developments afoot: to enable whānau to discuss their dreams, aspirations, goals and actions towards stronger • It is our intention to work closer with Te financial capability Ropu Wahine Maori Toko i Te Ora, by offering opportunities to members and whānau under • Business workshops will be held and live streamed the umbrella of the League. in Auckland, Wellington and Christchurch and a focus on delivery to two respective TPK Biz Hubs. • Our goal is to continue to grow our Hinepreneur programme as the only ‘indigenous business • We will continue to explore new funding training organisation’ here in Aotearoa. We will be opportunities for our Massey Certified Financial searching for additional wāhine to be trained as Literacy Facilitators. Business and Leadership Coaches, particularly in new regions to ensure we provide our programs across Aotearoa.
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OUR 2016 PROGRAM ACHIEVEMENTS
MWDI Rangatahi Programs Overview of MaiBiz MaiBiz is a three day entrepreneur programme delivered to low decile schools (schools at a decile rate of 5 and under) around Aotearoa for year 12 & 13 students. Māori Women’s Development Inc. has supported this programme in schools since 2007. We had a stellar year with 873 rangatahi participating in the programme (Fig.4); the majority of schools we deliver the programme to are decile 2 and the largest uptake of schools are in the Waikato/Tainui region (Fig.5). 873 It was wonderful to reach schools throughout the MaiBiz Participants motu, from Te Taitokerau to Ōtautahi (Fig. 6) Fig. 4 A total of 873 students participated in MaiBiz this year.
9 EXTENDING OUR PROGRAMS Mā pango mā LAUNCHES & EVENTS whero ka oti te mahi NEW PARTNERSHIPS & With black and COLLABORATIONS red the work is completed
School Decile Ratings Schools in each region 4 4 Fig. 5 illustrates the decile 3 3 rating of the schools and the 2 2 number of Decile Rating participating Decile Rating schools per 1 1 region.
0 0 0 1 2 3 4 5 6 7 2016 0 1 2 3 4 5 6 7 MWDI ANNUAL REPORT 16/1 2016 MWDI ANNUAL REPORT 16/1 Number of Schools Tai Tokerau Tāmaki Makaurau Walkato Tainui Te Waipounamu Number of Schools Tai Tokerau Tāmaki Makaurau Walkato Tainui Te Waipounamu
Decile 1 Decile 2 Decile 3 Decile 4 Decile 5 Mataatua Manawatu Te Whanganui ā tara Decile 1 Decile 2 Decile 3 Decile 4 Decile 5 Mataatua Manawatu Te Whanganui ā tara
Fig. 1 (Fund 1 Loan Balance from 2012 to 2016): Fig. 1 (Fund 1 Loan Balance from 2012 to 2016): 10 The graph illustrates the reduction of the fund over a four-year period (from 2012) The graph illustrates the reduction of the fund over a four-year period (from 2012) MWDI ANNUAL REPORT 15/16 MWDI ANNUAL REPORT 16/1
Rotorua Girls College It was great to return to Rotorua (Photo: Students from Rotorua Girls College) Girls College where we received an overwhelming response with 120 tauira present