Annual Report 2013 Haere Mai Welcome
It is our privilege to present the 25th Annual Report of Trust Waikato
Trust Waikato supports the things that make our corner of the world a better place. We donate money to community organisations and projects that focus on welfare, sport, recreation, youth, art, culture and the environment, for the benefit of people in our region.
Our funding area includes the districts of Thames-Coromandel, Hauraki, Matamata-Piako, Waipa, Waikato, South Waikato, Waitomo, Otorohanga, Ruapehu and Hamilton City. We acknowledge that this area includes much of the lands of the Tainui waka and thus the people of Waikato, Raukawa, Hauraki and Maniapoto.
Our Vision is for resilient and vibrant communities Ko tō mātou moemoea kia tipu, kia hua ngā hāpori
Our Mission is to invest wisely and to donate effectively
• By valuing the current and future worth of the Trust’s resources • By valuing and recognising cultural diversity • By valuing and promoting community development • By valuing and respecting Māori as Tangata Whenua • By valuing and facilitating community organisations
Coromandel Whitianga
Thames
Whangamata
Paeroa Port Waikato Waihi Huntly Te Aroha Morrinsville Ngaruawahia HAMILTON Raglan Cambridge Matamata Tirau Kawhia Te Awamutu Putaruru Kaumatua by Joan Fear Otorohanga Tokoroa Te Kuiti This stunning triptych depicts Kaumatua sitting on the paepae at a hui. The paintings feature in the board room at Trust House and form part of the Trust Waikato Art and Taonga Collection.
Taumarunui haere mai i welcome TRUST WAIKATO ANNUAL REPORT 2012/2013
Contents
Celebrating 25 Years: Trust Waikato Milestones 2
The History of the Waikato Community Trust 4
Trust Waikato Board Members 8
The Trust Waikato Logo 9
Chair’s Report 10
Chief Executive’s Report 12
In the Spotlight: Taumarunui Dinner @ the Domain 14 Free FM 15
Strategic Funding Partnerships 16 Sport Waikato 16 Community Waikato 17 Creative Waikato 17
In the Spotlight: 18 Putaruru Toy Library 18 HAKA 2013 – Community Development Trust 19
Preserving Art and Taonga 20
Donations 2012/2013 22
Summarised Financial Statements for year ended 31 March 2013 32
In the Spotlight: South Waikato Pacific Islands Community Services 40 Ngaruawahia Volunteer Fire Brigade 41
Coromandel Whitianga
Thames
Whangamata
Paeroa Port Waikato Waihi Huntly Te Aroha Morrinsville Ngaruawahia HAMILTON Raglan Cambridge Matamata Tirau Kawhia Te Awamutu Putaruru
Otorohanga Tokoroa Te Kuiti
Taumarunui
haere mai i welcome 1 Celebrating 25 years trust waikato milestones
1988 • Trust Bank Waikato 1997 Community Trust established 30 May 1988 • Renamed The Waikato Community Trust Incorporated • Founding Chair David Braithwaite • Frank Russell Company (now Russell Investments) appointed as investment advisors
1994 1999 • Trust sells 15% of shares • Trust Waikato branding in Trust Bank NZ for and logo released approx. $17million • Trust House and Trust Cottage, • $1.1 million donated to 2 London St, Hamilton, purchased 2,202 community groups • First artworks purchased in Trust Waikato Art and Taonga Collection
1989 2000 • Value of Trust assets 10 years • Sponsorships established: $21.3million Netball Waikato, Trust • Annual donations Waikato Symphony $380,670 1998 Orchestra, Surf Lifesaving 1996 Clubs, Trust Waikato • Donations • Exited banking business, • Chair Jim Grace Contemporary Art Awards administered by remaining Trust Bank NZ • Total donations since Bank staff shares sold inception $19,688,575 • Trust fund valued at • Trust assets valued at $169.8millon $205,485,000 • Trust staff now • $7.9million donated to recommending donations Waikato Stadium to the Board (1998 – 2001) • Umbrella Trust: First donation to Sport Waikato
2 trust waikato milestones TRUST WAIKATO ANNUAL REPORT 2012/2013 Celebrating 25 years trust waikato milestones
2007 2009 2001 • Capital fund valued • JANA Investment 2011 • Chair Neil at $248million Advisors appointed Clarke • Signatory • Chair Clint Baddeley • Trust Waikato to the • Total donations reach Child & Youth Principles for $125million Family Awards Responsible first held Investment • Umbrella Trusts 2012 established: Social Services • Chair Ali Van der Waikato (now Heyden Community • Trust Art and Taonga Waikato) and Collection exceeds Arts Waikato 200 pieces • Umbrella Trust established: Creative Waikato
20 years 2010 2008 • Chair Peta • Chair John Kilbride Karalus • $100million donated • Multi-year 25 years 2004 to thousands of donations introduced • Chair Hori Awa community groups since 1988 2013 • $1.5million • Trust fund community loan to valued at over Sport Waikato for $285million Brian Perry Sports • Total donations at House 25th anniversary • 3 donation rounds $136million per year • Donation applications go online
trust waikato milestones 3 the History of the Waikato Community Trust
The Waikato Community Trust, The value of the Trust assets at 31 March 1989 known as Trust Waikato, has was $21.3million. In this year, annual donations totalled $380,670 and by 1994 had risen to a rich and vibrant history of $1.1million. It was in 1994 that the Trust started philanthropy in the Waikato moving towards greater autonomy from the region. banking industry. It began by floating an initial Trust Bank Waikato Community Trust (the parcel of shares on the open market. The Trust) was established under government remaining shares were then sold to Westpac statute on 30 May 1988. The Trust was Bank in 1996 for $156million and the Trust created as a means for the Waikato exited the banking industry. To communicate community to own its regional bank Trust this ‘breaking of ties’ with the banking world, Bank Waikato1 (the Bank). The Bank the Trust changed its name to The Waikato consortium had a long history of philanthropy Community Trust, known as Trust Waikato. in the region. Between 1959 to 1988 it had Trust Waikato's purpose was (and is) to help donated a total of $2million to community organisations carry out charitable, cultural, projects. In 1989 this function then moved philanthropic and recreational projects of to the Trust which began distributing a benefit to people in the greater Waikato. percentage of the Bank’s profits to community The Trust’s funding area includes the groups in the region. districts of Thames-Coromandel, Hauraki, Appointments to the Trust Board were made Matamata-Piako, Waipa, Waikato, South by the Minister of Finance (or by delegated Waikato, Waitomo, Otorohanga, Ruapehu authority). Legislation stated that trustees and Hamilton. The Trust acknowledges that should serve a four-year term and may be this area includes much of the lands of the reappointed for a further four years. The Tainui waka and thus the people of Waikato, inaugural Board comprised 10 trustees2, Raukawa, Hauraki and Maniapoto. led by founding chair and trustee David The Trust established donation funding Braithwaite who served a 10 year term from priorities in the following categories: culture, 1988 to 1998. education, sport and recreation, welfare, youth The trustees came from across the region and miscellaneous. and possessed a wealth of skills, knowledge From 1989 through to 2007, annual donation and experience in the business, community rounds were held. Then from 2008, the Trust and voluntary sectors. They fulfilled a vital introduced three donation rounds per year role within the Trust: as well as overseeing held in February, June and September. This the Trust’s capital fund, they decided which enabled groups to apply at a time appropriate applicants received donations. to them and to know their donation outcomes Initially the administrative functions of the more quickly. Trust were carried out by bank staff. Over time the Trust made its own appointments of staff and external advisors, starting with Geoff Balme who was appointed as the Trust secretary in 1992. Chief Executive Ken Gordon was employed in 1995 until he resigned in 2005 and Dr Bev Gatenby was then appointed to the role.
1 Trust Bank Waikato was previously known as Trusteebank Waikato and originally known as the Waikato Savings Bank. 2 David Braithwaite (chair), Malcolm Brooker, Bertha Carter, Joseph (Bill) Dillon, Martin Gallagher, Lynne Holder, Bruce Hosking, Monica Leggat, Sir Robert Mahuta and Anthony (Rufus) Rogers.
4 history of the waikato community trust TRUST WAIKATO ANNUAL REPORT 2012/2013
For many years the Trust held donation functions in September of each year in a number of locations throughout the region. These functions were an opportunity for the Trust to connect with the wider community, report back on its activities over the previous year and thank groups for their contribution in building stronger communities. These functions were eventually replaced by Community Catch-up Meetings. Traditionally the Trust held its Annual Public Meeting in Hamilton each year. This all changed in 2008 when the Trust decided to move the meeting to other locations in the region. Since 2008 Annual Public Meetings have been held in Former chair Clint Baddeley with former investment chair Bruce Hosking at Huntly, Te Kuiti, Thames and Tokoroa. Trust Waikato’s Annual Public Meeting in Tokoroa in 2012.
The Trust purchased 2 adjacent properties in late 1998 and early 1999. The first, an historic house known as ‘Rogers’ House’, was located at 2 London Street, Hamilton. Built in 1913-1914, the property was originally owned by Dr Tim and Mrs Gwendoline Rogers. The second property ‘McGregor House’, situated at 4 Little London Lane, was originally a one- room art studio built in 1924 for Mrs Rogers. Rooms were added on in the mid-1940’s and 1950’s. Rogers’ House underwent structural modifications and then both properties were redecorated. Rogers’ House was renamed Trust House and officially opened in 1999.
Trust House was initially used as offices for Trust House and the Trust staff and Trust board meetings were Trust Garden held in the downstairs board room. The staff eventually outgrew Trust House and moved into McGregor House, now known as Trust Cottage. The Trust continues to hold its board meetings at Trust House and also offers community groups the use of two rooms in the house for meetings.
history of the waikato community trust 5 The land between both properties was Gallagher Family Hospice (Hamilton), Te developed into a beautiful garden named Trust Kohao Health (Hamilton) and the Don Garden, preserving a number of historic and Rowlands Centre (Karapiro). precious trees. Trust Garden remains open to Trust Waikato has always recognised the the public to enjoy. value in partnering with key organisations Since 1996, the Trust has developed a global where there is a focus on shared values, investment portfolio3. Over time the Trust fund principles and goals. Some of those has grown in value to more than $285million organisations have included Sport Waikato, as at 31 March 2013. In 2007 the Trust also Community Waikato, Volunteering Waikato, became a signatory to the Principles for formerly Arts Waikato and more recently Responsible Investment, an initiative of the Creative Waikato, all of whom strive to ensure United Nations and the investment community. the community groups in our region are The Trust aims to grow the fund so that it is strong, connected and able to achieve the worth just as much for our grandchildren and community good they are passionate about. their grandchildren as it is for us today. The Trust has also worked alongside iwi in Now one of the largest philanthropic trusts their aspirations, especially through strategic in the Waikato, the Trust has donated over partnerships with Maniapoto Māori Trust $136million as at 30 May 2013 to thousands Board, Hauraki Māori Trust Board and Te of community groups over the past 25 years. Hauora o Ngāti Hauā Trust, and through many Trust Waikato continues to support those marae throughout the region. projects and groups which contribute to the Since 2000, the Trust has entered into well-being of communities and make our a number of longer term and one-off region the wonderful place it is. sponsorships. The Trust sees these The Trust has donated to many significant sponsorships as a way to increase its profile capital projects throughout the Waikato region, in the community, particular among target such as the University of Waikato’s Gallagher groups and in rurally isolated areas. Longer Academy of Performing Arts (Hamilton), term sponsorships have included the nine Waikato Stadium (Hamilton), Avantidrome surf lifesaving clubs in our region, the Trust (Cambridge), South Waikato Sport and Events Waikato Symphony Orchestra, Trust Waikato Centre (Tokoroa), Trust Waikato Te Awamutu Community Pool in Taumarunui and the Trust Events Centre (Te Awamutu), Waikato Netball Team.
Avantidrome, Cambridge South Waikato Sport and Events Centre, Tokoroa
3 The strategic asset allocation includes global equities, Australasian equities, private equity, unlisted property, infrastructure, global fixed interest, NZ fixed interest and NZ cash.
6 history of the waikato community trust TRUST WAIKATO ANNUAL REPORT 2012/2013
Trust Waikato Symphony Orchestra
Another important part of the Trust’s work has been the preservation of art and taonga in the region. Since 1999 the Trust has been collecting artworks and now has a noteworthy Art and Taonga Collection comprising over 230 pieces. Each piece has been selected for its significance to the region. The Trust helps ensure that the region does not lose precious art and taonga that form part of our heritage. Pieces from the Collection are displayed in the Trust Waikato Art Gallery at the Waikato Museum on a rotational basis. From time to time pieces have been exhibited in different towns in the region. The Trust is proud to partner with the Waikato Museum as caretaker of the Collection. Waka Tete Maker unknown As at 31 March 2013, the Trust Board Trust Waikato Art and Taonga Collection comprised 14 trustees4, with Ali Van der Heyden as chair. There is a staff 5 of eight who carry out a variety of roles to support the investment and donation activities of the Trust. The Trust appointed Morehu (Buddy) Te Whare as kaumatua in 2007. Sadly Buddy passed away in 2009 and this mantle was passed on to kaumatua Tame Pokaia.
The Trust has a vision for resilient and vibrant communities throughout the region it serves. It has been a privilege to serve alongside the wonderful organisations and many volunteers in our community over the last 25 years. Whitianga Ferry Michael Smither Trust Waikato Art and Taonga Collection
4 Ali Van der Heyden (chair), Edgar Wilson (deputy chair), Peggy Barriball, Alan Chew, Carolyn Christian, Lynnette Flowers, John Gillespie, Judi Muru, Bill Noble, Niwa Nuri, John Paenga, Pam Roa, Raewyn Sporle and Maxine Viggers. 5 Dr Bev Gatenby (chief executive), Sandra Larsen and Rongo Kirkwood (donation advisors), Chris Connell (database and information manager), Sue Ratcliffe (finance and investment officer), Jane Hamblyn (policy advisor), Michele Paul (office manager) and Tarita Templeton (communications advisor).
Green, A.J. (2000). Trust Waikato's Strong Beginning: A History of The Waikato Community Trust Incorporated June 1988 – December 1998. Hamilton, New Zealand: The Waikato Community Trust Incorporated.
history of the waikato community trust 7 Trust Waikato board members
Trust Waikato Board 1998 with founding Chair David Braithwaite (front row centre)
Trust Waikato Board 2000 Trust Waikato Board 2002
Trust Waikato Board 2004
8 Trust waikato Board members TRUST WAIKATO ANNUAL REPORT 2012/2013
Trust Waikato Board 2006 Trust Waikato Board 2011
the Trust Waikato logo
The Trust Waikato logo was created in 1999 by Verdict. The image comprises rimu and pounamu, symbolising the interface between the river (or the sea) and the land. Integrating the greenstone and rimu captures our heritage and growth and gives a sense of unity. The logo also acknowledges the Waikato river and its importance to people in our region. The fronds at the interface between the rimu and the pounamu are representative of the statue of Uenuku which is housed at the Te Awamutu Museum.
Te Puna o Waikato can be interpreted as “the spring of the Waikato”, “a source of wealth for the Waikato” and “a source of growth for the Waikato”.
THE TRUST WAIKATO LOGO 9 CHAIR'S REPORT Tena koutou katoa – Greetings to you all
This year marks a significant milestone for the Trust as it celebrates 25 years of philanthropy in the greater Waikato.
Investing wisely I am pleased to report that the Trust’s investments experienced considerable growth returning 13.24% in the financial year. As at 31 March 2013 the Trust fund was valued at over $285million. Established in perpetuity, the Trust aims to grow the value of the capital fund to keep pace with both inflation and population growth in the region, without taking on undue risk, so that the fund is worth just as much for future generations as it is for current communities. Much progress has been made in rebuilding the value of the capital fund, following the falls during the global financial crisis. The Trust investments are spread across Trust Waikato has a vision of a range of asset classes: global equities, resilient and vibrant communities Australasian equities, private equity, throughout the region it serves. unlisted property, infrastructure, global In contributing to that vision, fixed interest, New Zealand fixed interest and cash. The portfolio is well diversified the Trust aims to invest wisely by asset class and fund manager, with the capital fund with which the allocation of assets designed to it is entrusted and to donate achieve the Trust’s goals of long-term effectively the proceeds of capital growth and donating consistently to those investments to benefit current communities. As a signatory to the Principles for Responsible Investment, the current and future communities. Trust continues to consider ways in which environmental, social and governance issues may impact on both investments and communities.
Strategic Allocation of Financial Assets
Global equities Fixed Global interest
Australasian equities Unlisted property Infrastructure Fixed NZ interest NZ Cash NZ Private equity
10 CHAIR'S REPORT TRUST WAIKATO ANNUAL REPORT 2012/2013
Donating effectively Governing well As at 31 March 2013, the Trust, since its The Trust has maintained a strong focus inception in 1988, has donated more than on effective governance. There have $132million to projects and community been significant changes to the Board groups around the region. Approximately over the past year. Appointments to the $6million of donations was committed Trust Waikato Board are made by the during the year ended 31 March 2013. Associate Minister of Finance. At the end Guided by the Trust’s 2011 – 2013 Strategic of August 2012, the terms of four trustees Plan, donations were aligned to our core ended: former chair and trustee Clint principles of valuing and recognising Baddeley (8 years), long-standing trustee cultural diversity, valuing and promoting Bruce Hosking (12 years plus 4 years community development, valuing and as a founding trustee), Fee-Ching Tan (8 respecting Māori as tangata whenua years) and Dianne Yates (4 years). Four and valuing and facilitating community new trustees from across the region were organisations. In addition to these appointed: Alan Chew, Carolyn Christian, principles, the Trust continued its focus on Bill Noble and Edgar Wilson. The Trust is supporting children and families, and those also well-served by a small, dedicated staff communities that struggle the most. In of professionals. practice, the Trust donates to a very wide I gratefully acknowledge the work of past range of sport, recreation, social service, and present trustees and staff, each community development, arts, cultural contributing to the wonderful legacy of Trust and environmental groups, in every part Waikato. The Trust has been extraordinarily of its region. privileged and proud to safeguard and grow the Trust fund, and to give donations ...the Trust continues its to many inspiring community groups and projects, all making a difference in our focus on supporting children communities. We remain steadfast in our and families, and those vision of resilient and vibrant communities communities that struggle throughout the region we serve. the most.
Ali Van der Heyden Chair, Trust Waikato
Trust Waikato Board and Chief Executive as at 31 March 2013
CHAIR’s REPORT 11 Chief Executive´s Report
Over the 2012/2013 financial Strong returns from New Zealand, year, the Trust has maintained Australian and global equities provided a strong absolute return in the fund over the its focus on responsible financial year. All asset classes performed guardianship, effective positively, with almost all of the Trust’s fund philanthropy, collaboration managers outperforming their benchmarks to nurture and celebrate since inception of their management of this tremendous region, and Trust Waikato funds. Overall, the Trust fund outperformed the benchmark portfolio for continuous improvement of the fund. our processes so that they are The Trust regularly reviews its investment accessible, fair, thoughtful and objectives and strategic asset allocation professional. and monitors fund performance closely. Over several years, the Trust has diversified Investing wisely its investment portfolio significantly to The 13.24% return on the Trust’s strengthen its returns and lower risk in investments over the year, together with the face of uncertain financial markets continued discipline in both donation and around the world. During the financial operational expenditure, enabled the Trust year, the Trust further diversified its to make significant progress in restoring strategic asset allocation by making an the value of the fund following the falls in allocation to NZ private equity. The Trust financial markets during the global financial continues to hedge almost all of its offshore crisis. At over $285million at year end, the investments against currency fluctuations. Trust fund has been restored in respect of As a responsible asset owner, the Trust inflation and population growth. Over the considers the ways in which each of its fund coming year, it is hoped that further capital managers addresses environmental, social growth will restore the level of reserves and governance issues in their investment required to ensure consistent levels of decision processes. donations in the face of future fluctuations in financial markets.
Every $1 Trust Waikato donated in 2012 was split between these sectors
3% environment 3% Tangata Whenua 5% law, business and 1% funding and voluntarism religious associations 5% education and research 27% social services 5% health
11% art and culture
19% economic and 21% sport and recreation community development
1212 CHief Executive’s REPORT TRUST WAIKATO ANNUAL REPORT 2012/2013
Donating effectively Over the financial year, the Trust received 802 applications together requesting $12,484,592 in donations. Of these, 655 applications (81%) were successful, with $6,012,987 being donated in total. The average donation size was $21,752. Each application is assessed in line with policy and priorities. Recommendations are brought to the Trust Board which makes the final decisions on all applications.
Trust Waikato donations strongly support Trust Waikato Staff the most active parts of the community and voluntary sector: social services, sport and Over the year, we worked toward improving recreation, and community development, our own responsiveness and accessibility with donations also supporting the arts, by enabling community groups to apply culture, environment and many other online for donations. In February, the online community-based activities. application process became available to all The Trust donates to many small groups who apply to the Trust. community groups because we value Caring for our treasures the involvement of individuals, especially The Trust has continued to add to the volunteers, in community groups making Trust Waikato Art and Taonga Collection, a difference in their local communities. It now comprising over 230 pieces. It was has been a particular pleasure to support disappointing to find that one of the Trust’s Volunteering Waikato in a strategic project most treasured paintings, purchased in extending their support of volunteering 2001 and believed to be by Lindauer, was throughout the region. highly likely to be a copy. The painting The Trust also makes some large donations remains a treasured image of Kewene Te for projects which are a close fit with Haho, a significant Tainui chief, in the Trust the priorities of the Trust. The Trust was Collection. pleased to provide a significant capital Through its Art and Taonga Policy, the Trust donation to the Hauraki Rail Trail project led helps ensure that art and artifacts special by Hauraki District Council. Supporting the to people here are kept in the region. We work of Sport Waikato, Community Waikato, value highly our partnership with Waikato Arts Waikato and more recently Creative Museum, the guardian or kaitiaki of the Waikato, is a way the Trust supports Collection. Trust House and Trust Garden, community groups to be able to achieve both treasures in the heart of Hamilton, their goals for their communities. continue to be lovely meeting places for The Trust regularly seeks opportunities local people and community groups. to hear from people in local communities With many thanks about what they see as important and ways We are always inspired by the great work they think we can best make a difference. and energy we see in the community As a result of feedback about community groups we support and the communities concern for young people in the region, around our region. Thank you to all the we took part in a number of conversations people and community groups we are about potential strategies for ensuring privileged to work with. young people have education, employment and other opportunities so that they can Nga mihi nui ki a koutou katoa, with participate fully in this wonderful region. warmest greetings to you all These conversations may well lead to a role for the Trust in supporting a wider regional strategy in some way. We continue to work with other philanthropic organisations to ensure people in community groups know how they Bev Gatenby can apply effectively for donations for their Chief Executive projects and services.
CHief Executive’s REPORT 13 in the spotlight
Taumarunui Dinner @ the Domain – thrive group This community-led project was a fantastic celebration of food and people. In March 2013 over 2,000 people came together for the second ever Dinner @ the Domain event. The day was full of fun activities, cooking and eating together.
14 IN THE SPOTLIGHT TRUST WAIKATO ANNUAL REPORT 2012/2013
FREE FM Free FM (formerly Community Radio) provides a host of shows and radio programmes made by and for our diverse range of communities. Age Concern is one of many groups which broadcast regularly on the station.
IN THE SPOTLIGHT 15 Strategic funding partnerships
Trust Waikato recognises the value in partnering with key organisations where there is a focus on shared values, principles and goals. We know that communities understand the needs of their people better than anyone else does. Working collaboratively enables us to work in unison and offer some continuity of funding. The Trust is also better able to understand the diverse needs of our communities.
Strategic Partnerships - 2012
Supporting Supporting Research on Supporting Iwi Supporting Capacity Building Volunteers Poverty
Creative Arts Waikato Poverty Action Volunteering Te Hauora o Ngāti Sport Community Waikato (April 2012 – Waikato Waikato Hauā Trust Waikato Waikato (June 2012 – June 2012) March 2013)
Action research Support, promote Build the capacity Capacity building in the sports, arts and social service and advocacy and encourage of Ngāti Hauā sectors on issues of volunteering in groups Great work in the community requires strong and viable poverty in the the region A dedicated worker organisations. Through establishing partnerships with these Waikato region The aim of this has been employed umbrella trusts, we can help ensure sports, arts and social Improving the project is two-fold: to provide community services are strengthened in our region. quality of life -to assist development support for families is community to 30+ Ngāti Hauā important to Trust organisations with community groups Waikato. There their volunteer and 5 marae. is evidence that needs, if you reduce -to encourage poverty, you have people to a positive effect participate in their on many other communities by challenges for volunteering. families.
Sport Waikato Sport Waikato’s ‘out there and active’ Sport Waikato’s CEO Matthew Cooper philosophy is the driving force behind its says, “SportsForce is all about working SportsForce programme, available to all collaboratively to develop stronger communities in the greater Waikato. It communities through sport within the believes that when people are engaged in Waikato region. SportsForce Development sport or physical activity, there are physical, Officers work within their codes to social and psychological benefits not upskill volunteer coaches, officials and only for the participants, but also for the administrators, and support clubs and community as a whole. Sport Waikato has schools to develop opportunities for people identified young people (aged 0-18 years) of all ages to participate in sport.” as a priority, encouraging them to develop Trust Waikato’s partnership with Sport a lifelong involvement in sport and physical Waikato now extends into its 16th year activity. Supporting sports clubs in the with a donation of $680,000 made in 2012. region to grow their capacity is also a We too believe that an active community key focus. benefits all of its participants and contributes to our vision for resilient and vibrant communities.
1616 Strategic funding partnerships TRUST WAIKATO ANNUAL REPORT 2012/2013
Creative Waikato Established in mid-2012, Creative Waikato’s purpose is to strengthen, develop and invigorate the arts for the benefit of communities in the greater Waikato. Catering to individuals and groups, it offers advice and support on a wide range of arts related matters including project funding. Attracting more funding for the arts in our region is also part of Creative Waikato’s aim. Community Waikato Creative Waikato’s vision of ‘creativity ‘Thriving, connected and inclusive in everything’ means that the Waikato communities’ is Community Waikato’s is widely recognised for its thriving vision for the region. It actively works and distinctive creative sector and that with a wide range of organisations in the the community treasures its essential community based social services sector to contribution to quality of life. CEO Sarah build organisational capacity. Training and Nathan says, “We all know that a vibrant support services extend right across the creative sector has the ability to directly region and range from governance, policy influence the quality of life for all in a development and strategic planning to risk region. Creative Waikato's focus is to drive management, budgeting, financial systems the profile of the arts in our region and to and much more. work on sustainable sector development. By becoming a clear conduit for creativity in “We’re working towards a community in the region we are in the perfect position to which there are opportunities; a community drive new connections and collaborations in which everyone can participate, that have the potential for exciting new contribute and feel they belong. Our work outcomes for the community.” supports networking, collaboration and building connections so that organisations Trust Waikato shares Creative Waikato’s and people in all walks of life, of diverse vision for a strong and thriving arts sector; ethnicities, interests and abilities can that’s why we donated $225,000 in 2012 to connect, contribute and feel a sense support this great work. of belonging for their own benefit and for the wellbeing of their families and communities,” says Andrea Goble, Chief We’re working Executive for Community Waikato. towards a Now in its 12th year of partnering with community in Trust Waikato, Community Waikato continues to play a vital role in building which everyone stronger community groups in our region. can feel they Trust Waikato supported this great work belong. with a donation of $500,000 in 2012.
Strategic funding partnerships 17 in the spotlight
Putaruru Toy Library Toy libraries are a great community resource and fun place to visit. We’ve been supporting the Putaruru Toy Library for over 20 years.
18 IN THE SPOTLIGHT TRUST WAIKATO ANNUAL REPORT 2012/2013
HAKA 2013 – Community Development Trust - Traditional Maori performing arts and contemporary arts were showcased in a 3 day extravaganza called HAKA 2013. The night concert ‘Ahi-Kaa – Home Fires’ was also part of the 2013 Hamilton Gardens Arts Festival.
IN THE SPOTLIGHT 19 preserving art and taonga
Art and taonga are important symbols of who we are and where we have come from. They form part of the rich cultural and artistic heritage of our region.
To help ensure that art and taonga of Holidays in Huntly, a life-sized Huntly significance to the region remain here, brick caravan by artist Peter Lange, was the Trust has been collecting pieces over added to the Collection in 2010. It has the past 14 years. The Collection, now been exhibited in numerous towns over comprising over 230 pieces, is housed the past 2 1/2 years. More recently the and exhibited at the Waikato Museum in caravan was transported from Otorohanga Hamilton. This ensures the pieces are to Ngaruawahia where it will remain until properly conserved in museum conditions May 2014. and that communities have ongoing access In 2011 the Trust purchased an oil painting to their precious art and taonga. of Te Arikinui Dame Te Atairangikaahu, The Trust relishes the opportunity to share painted by New Zealand artist Ida Harriet the Collection with as many people as Carey. The painting was restored to its possible. Each year we display several original condition and then reframed. Trust selected pieces at our Annual Public Waikato representatives had great pleasure Meeting held in different towns across in gifting the painting to Kiingi Tuheitia. the region.
20 preserving art and taonga TRUST WAIKATO ANNUAL REPORT 2012/2013
L to R: Trustee Judi Muru, Kiingi Tuheitia, Chair Clint Baddeley, Chief Executive Bev Gatenby, Trust Kaumatua Tame Pokaia and Donations Advisor Rongo Kirkwood.
The Collection comprises an array of community treasures, bought on behalf of the Waikato communities we serve. Influential regional artists, taonga and works depicting images of the Waikato are priorities for the Trust’s art acquisition budget. We know that it will be a treasured asset, not only for us today, but also for future generations.
Former Chair and trustee John Kilbride with Holidays in Huntly by Peter Lange. Trust Waikato Art and Taonga Collection.
preserving art and taonga 21 donations 2012/2013
22 DONATIONS 2012/13 TRUST WAIKATO ANNUAL REPORT 2012/2013
CONGRATULATIONS from Trust Waikato to over 650 organisations throughout the greater Waikato who were granted $6,012,987 in donations during the year ended 31 March 2013. *Donations to be paid out when the project proceeds.
CAMBRIDGE GROUPS COROMANDEL GROUPS
60s Up Movement - Cambridge $500 Colville Community Health Trust $7,500 Armistice in Cambridge $3,000 Colville Social Service Collective Charitable Trust $8,000 Cambridge Amateur Swimming Club $1,250 Coromandel Community Organic Garden $2,000 Cambridge Autumn Festival Trust $1,000 Coromandel Community Recreational Society $5,000 Cambridge Blind and Vision Impaired Support Group $350 Coromandel Embroidery Guild $350 Cambridge BMX Club $2,000 Coromandel Independent Living Trust $40,000 Cambridge Committee of Social Services $1,000 Coromandel School of Mines and Historical Society $1,000 Cambridge Community Agencies Network Trust $10,000 Coromandel Swimming Club $1,250 Cambridge Community Kitchen $1,000 Coromandel Youth Support Association $3,500 Cambridge Community Marae $3,500 Koputauaki Combined Community Centre $1,500 Cambridge Elim Community Trust $5,000 Spirit of Coromandel Trust $7,000 Cambridge Gym Sports Club $500 Te Ahi Kaa Training and Social Services $5,000 Cambridge Life Skills Institute Trust $5,000 Volunteer Fire Party - Colville $2,000 Cambridge Miniature Rifle Club $1,000 COROMANDEL TOTAL $84,100 Cambridge Rugby Sub Union $3,000 Cambridge Safer Community Charitable Trust $1,000 Cambridge Stroke & Rehabilitation Club $500 Cambridge Tree Trust $1,000 Citizens Advice Bureau - Cambridge $3,000 Hora Hora Tennis Club $750 Maori Womens Welfare League - Waimakariri $350 Maungatautari Ecological Island Trust $50,000 Parents Centre - Cambridge $1,000 Raleigh Street Christian Centre $5,000 Riding For The Disabled - Cambridge Group $750 Royal New Zealand Plunket Society - Cambridge Branch $350 Synergy Cambridge Trust $38,000 Toy Library - Cambridge $500 Waikato Modern Choir $500 CAMBRIDGE TOTAL $140,800
DONATIONS 2012/13 23 HAMILTON GROUPS
Ai-xin Society Hamilton Branch $3,000 Hamilton Combined Christian Foodbank Trust $10,000 Anglican Action $50,000 Hamilton Competitions Society $2,000 Arthritis New Zealand - Waikato $15,000 Hamilton Cricket Association $20,000 Arts For Health Community Trust $15,000 Hamilton Disability Pride Film Festival $1,000 Bangladeshi Community of Waikato $500 Hamilton East Playcentre $500 Birthright Waikato Te Whanautanga Tika $25,000 Hamilton Gardens Summer Festival Foundation $20,000 Cambridge Road Community Kindergarten $350 Hamilton Girls’ High School Foundation $40,000 Career Moves Trust $500 Hamilton Indoor Bowling Sub-Centre $500 Catholic Family Support Services $38,000 Hamilton Junior Naturalists Club $2,000 Centre 401 Trust $1,000 Hamilton Kerala Samajam $1,000 Child Flight Charitable Trust $500 Hamilton Live Music Trust $2,000 Citizens Advice Bureau - Hamilton Area $25,000 Hamilton Methodist Social Services $15,000 City Hope Charities Trust $15,000 Hamilton Multicultural Services Trust $49,000 College Old Boys Rugby League Club Charitable Trust $1,500 Hamilton Multiple Birth Club $500 Community Development Trust $15,000 Hamilton North Football Club $750 Creative Hamilton $5,000 Hamilton Operatic Society $5,000 Crosslight Trust $20,000 Hamilton Permaculture Trust $1,000 Desert Spring Ministries Trust $8,000 Hamilton Refuge and Support Services $30,000 Dress For Success Hamilton Trust $4,000 Hamilton South Community Centre Te Whare Kokonga $10,000 Dynamo Cycling and Sports Club $1,000 Hamilton Squash & Tennis Club $2,500 Eastlink Cricket Club $350 Hearing Association - Hamilton and District $4,000 Eastside Singers $350 Hillcrest Bowling Club $350 Enderley Academy of Sport Trust $2,000 Indigo - A Gathering of Cultures Festival Trust $10,000 Enderley Park Community Centre $30,000 Jap Bunnies Volleyball Club $350 Endometriosis Waikato $5,000 Jubilee Catholic Early Childhood Centre $500 English Language Partners Waikato $23,000 K’aute Pasifika Services $34,000 Epilepsy Waikato Charitable Trust $1,500 Kiribati Kirikiriroa Culture Society $1,000 Faamasani Preschool $350 Kiribati Waikato Association $1,000 Fairfield Amateur Athletic Club $350 Kirikiriroa Marae $2,000 Fairfield Amateur Swimming Club $2,000 Korean School of Waikato $1,000 Family Wise Trust $2,000 Kotahitanga o Kahungunu $500 Fonofaufautua a Samoa Hamilton City Community $500 La Leche League - Westside $350 Frankton Railway Combined Sports Club $5,000 Lifestyle Trust $1,000 Gastric Reflux Support Network New Zealand Charitable Trust $500 Link House Agency $38,000 Gifted Education Centre $1,000 Lochiel Golf Club $500 Glenview Community Centre $8,000 Lugton Park Combined Sports Association $1,000 Glenview United AFC $500 Male Survivors of Sexual Abuse Trust, Waikato $15,000 Grandview Community Garden Trust $3,000 Mangaiti Gully Restoration Trust $350 Hamilton Abuse Intervention Project (HAIP) $25,000 Maori Wardens Sub Association - Kirikiriroa $8,000 Hamilton Arthritis Support Group $500 McKenzie Centre Trust $12,000 Hamilton BMX Club $500 Mighty River Harmony $750 Hamilton Budgeting Advisory Trust $20,000 Mumento $350 Hamilton Children and Families Trust $3,000 Musikmakers Hamilton $1,000 Hamilton Chinese Golden Age Society $1,000 Nawton Community Children and Families Charitable Trust $3,800 Hamilton Chinese Learning Centre Charitable Trust $2,000 New Zealand College Games Charitable Trust $15,000 Hamilton Chorale $350 New Zealand Ethnic Social Services Trust $5,000 Hamilton Christian Nightshelter Trust $15,000 New Zealand Russian (Waikato) Friendship $500 Hamilton City Bowling Club $1,000 New Zealand Suzuki Institute $1,000 Hamilton City Christmas Parade Trust $2,000 Nga Rangatahi o Mana Motuhake $3,000 Hamilton City Council $2,000 North Hamilton Community Patrol $1,000 Hamilton City Gymsports $1,000 Northgate Community Trust $10,000 Hamilton City Netball Centre $28,000 Opus Orchestra Trust $3,000 Hamilton Civic Choir $500 Pacific Rose Bowl Festival Trust $1,000
24 DONATIONS 2012/13 TRUST WAIKATO ANNUAL REPORT 2012/2013
Parafed Waikato $10,000 Te Whakaruruhau Refuge $45,000 Parent to Parent (Waikato) $8,000 Te Whanau Putahi $20,000 Parentline Charitable Trust $20,000 Te Whare o te Ata Community House Trust $8,000 Parents of Vision Impaired New Zealand $1,000 Tepora Ministries $3,000 Parents Place Charitable Trust $25,000 The CARE Community Trust $1,500 Pasifika By Nature $5,000 Toughlove Waikato Trust $2,000 Patricia Avenue School $2,000 Toy Library - Hamilton Toy Box $1,000 Phoenix House Charitable Trust $4,000 TriMaori Charitable Trust $4,000 Phoenix Netball Club $500 True Colours Charitable Trust $20,000 Pregnancy Counselling Services $1,000 United Nations Association - Waikato $350 Prison Care Ministries $4,000 United Somali Community Trust $1,500 Promoting Mental Wellness $2,000 United Youth Orchestra Trust $1,000 Pukete Neighbourhood House $20,000 University of Waikato - Hamilton Children’s Reading Centre $5,000 Rainbow Chinese Community Centre Charitable Trust $5,000 Veteran & Vintage Car Club Waikato $350 Rape & Sexual Abuse Healing Centre $17,000 Waikato Community Hospice Trust $15,000 Refugee Orientation Centre Trust $10,000 Waikato Compassion Meditation Trust $1,000 Refugee Services Aotearoa New Zealand $60,000 Waikato Dragon Boat & Waka Ama Association $1,000 Resthills Sports Centre $500 Waikato Fakahalafononga Tongan Group $1,000 Restyle - Trash to Fashion (Waikato) Trust $1,000 Waikato Family Centre Trust $27,000 Riding for the Disabled - Hamilton $25,000 Waikato Fiji Association $750 Riding For The Disabled - Waikato Group $7,000 Waikato Filipino Association $1,000 River City Training Academy $20,000 Waikato Health and Disability Expo Trust $2,000 Riverlea Theatre & Arts Centre $30,000 Waikato Health Memorabilia Trust $1,000 RNZSPCA - Waikato $1,000 Waikato Hispano Latino Cultural Group $1,000 Royal New Zealand Plunket Society - Hamilton $1,000 Waikato Japanese Supplementary School $350 Safe Network $10,000 Waikato Korean Association of New Zealand $1,000 Salvation Army Hamilton Nest Community Ministries $45,000 Waikato Masters Athletics $350 School Attendance Service Hamilton $5,000 Waikato Medical Research Foundation $65,000 Scout Group - Chartwell $1,500 Waikato Multicultural Council $500 SHAMA Hamilton Ethnic Women’s Centre Trust $15,000 Waikato Museum $10,000 Smart Waikato Trust $10,000 Waikato Nesian Festival Trust $3,000 Society of St Vincent de Paul - Hamilton $12,000 Waikato Orchestral Society $40,000 South East Kirikiriroa Community Association $10,000 Waikato Outdoor Society $350 Southnet Sports Club $500 Waikato Punjabi Cultural Club $750 Spiralz Rhythmics of Hamilton $350 Waikato Queer Youth $4,000 Sri Lanka Friendship Society Waikato $1,000 Waikato Refugee Resettlement Society $2,000 St Andrew’s Playcentre Waikato Playcentre Association $1,000 Waikato Senior Indian Citizens Association $1,000 St Luke’s Anglican Parish - Melville $4,000 Waikato Society of Arts $10,000 St Mark’s Church - Nawton $3,000 Waikato Softball Association $5,000 St Paul’s Swimming Club $1,000 Waikato Somali Friendship Society $10,000 St Stephen’s Church - Tamahere $2,000 Waikato University Hockey Club $350 StarJam Charitable Trust $18,000 Waikato Water Polo Club $750 Streetworks Charitable Trust $4,000 Waikato Winter Show Association $10,000 Stroke Foundation Hamilton $3,000 Waikato Youth Empowerment Trust $25,000 Supporting Families in Mental Illness Waikato $750 Western Community Association $30,000 Taiohi Toa Trust $18,000 Woodlands Trust $1,000 Taki Rua Productions Society $2,000 Young Workers Resource Centre $20,000 Tamil Society Waikato $1,000 Youth Search and Rescue Hamilton Trust $4,000 Tauwhare School Board of Trustees $2,000 YWCA of Hamilton $17,000 Te Iti Kahurangi $500 Zeal Education Trust $10,000 Te Kohanga Reo o Nga Kuaka Hotaka Manaaki $3,000 Zeal Education Trust * $25,000 Te Kowhai Kindergarten $500 Zipper Cardiac Support Club of New Zealand $1,000 Te Rapakau Pacific Trust $6,000 HAMILTON TOTAL $1,740,950 Te Ropu Wahine Maori Toko I Te Ora Maori Womens Welfare League - Hamilton $350 DONATIONS 2012/13 25 HUNTLY GROUPS MORRINSVILLE GROUPS
Business and Professional Women - Huntly & Districts $500 Floral Art Society - Morrinsville $350 Counties Manukau Sport Foundation $10,000 Kereone Rugby & Sports Club $1,500 Friendship House Huntly Community Centre $6,000 Kiwi Pro Am Country Music Organisation $500 Huntly Community Advice Centre Trust $1,500 Maori Wardens Sub Association - Morrinsville $3,000 Huntly Karioi Outdoor Trust $1,000 Maori Women’s Welfare League - Morrinsville Branch $350 Huntly Mining & Cultural Museum Society $4,000 Morrinsville Art Gallery Charitable Trust $10,000 Huntly Thistle Association Football Club $500 Morrinsville Basketball Association $1,000 Mercer Rowing Club $500 Morrinsville Bowling Club $500 Rotongaro Pony Club $500 Morrinsville Care and Craft Charitable Trust $350 SeniorNet Huntly $1,000 Morrinsville Community House $7,000 The Bush Tramway Club $1,500 Morrinsville Ezekiel Trust $8,000 Waikaretu Community and Hall Committee $500 Morrinsville Little Theatre $2,000 Waikato Enterprise Agency $1,000 Morrinsville Netball Centre * $12,000 Waiterimu School $500 Morrinsville Rugby and Sports Club $1,000 HUNTLY TOTAL $29,000 Morrinsville Stroke Club $350 New Zealand Society of Genealogists - Morrinsville Branch $350 Ngati Haua Mahi Trust * $15,000 Northern Rugby Football Club $500 MATAMATA GROUPS Piako Community Whanau Trust $12,000 60s Up Movement of New Zealand - Matamata Branch $350 Rural Women New Zealand - Tatuanui $350 Blue Light Kids Club - Matamata $2,000 Te Kauwhanganui Building Management Committee $3,500 Hearing Association - Matamata Branch $500 MORRINSVILLE TOTAL $79,600 Maori Women’s Welfare League - Waharoa $350 Matamata Christmas Choir $350 Matamata Geriatric Day Care Centre $500 NGARUAWAHIA GROUPS Matamata Pony Club $350 Matamata Sculpture Symposium $350 Anglican Maori Waikato Pariha $2,500 National Council of Women - Matamata $350 Blue Light Ventures - North Waikato $4,000 SeniorNet Matamata $350 Maori Women’s Welfare League - Turangawaewae $350 Starfish Social Services Trust $12,000 Nga Miro Charitable Trust $16,000 Taoist Tai Chi Society of New Zealand - Matamata $500 Ngaruawahia Community Care & Crisis Support Trust $9,000 Te Hauora o Ngati Haua Trust $77,000 Ngaruawahia Community House $16,500 Te Omeka Marae Trust $1,000 Ngaruawahia Community Youth Holiday Programme $4,000 Totara Springs Christian Centre $10,000 Ngaruawahia Pony Club $2,000 MATAMATA TOTAL $105,950 Ngaruawahia Rugby League Football Club $750 Ngaruawahia Tu Tangata Charitable Trust $15,000 Ngaruawahia United Association Football Club $500 Taupiri Marae * $35,000 Te Akau Hall Society $3,000 Twin Rivers Arts (Ngaruawahia) Council $5,000 Volunteer Fire Brigade - Ngaruawahia $22,000 Wakatoo Boxing Club $2,500 NGARUAWAHIA TOTAL $138,100
26 DONATIONS 2012/13 TRUST WAIKATO ANNUAL REPORT 2012/2013
NGATEA GROUPS PUTARURU GROUPS
Hauraki Gymsports Club $350 Family and Caregiver Support - Putaruru $6,000 Hauraki Plains College $10,000 Nga Hau E Wha Whanau Hoe $4,000 Hauraki Plains Rowing Club $2,000 Overdale Community Centre Charitable Trust $8,000 Kaihere Cricket Club $500 Pride in Putaruru Association $5,000 Thames Valley Indoor Bowling Centre $750 Putaruru Community Budget Service $1,500 NGATEA TOTAL $13,600 Putaruru Primary School - Board of Trustees $1,500 Putaruru Squash Club $5,000 Putaruru Youth Matters Trust $5,000 South Waikato Good Companions Club $500 OTOROHANGA GROUPS South Waikato Music Society $500 Counselling Services North King Country $18,000 Te Awa Oranga Charitable Trust $3,500 Harvest Centre Charitable Trust $7,500 Timber Museum of New Zealand Trust $5,000 Kawhia Sports Club $1,000 Tirau Over 50’s Club $350 Maihiihi School $1,500 Tirau Senior Citizens $500 North King Country Family Support $10,000 Toy Library - Putaruru $700 North King Country Motorcycle Club $2,500 PUTARURU TOTAL $47,050 Otorohanga Bowling Club $500 Otorohanga Support House Whare Awhina $4,000 Toy Library - Otorohanga $500 RAGLAN GROUPS OTOROHANGA TOTAL $45,500 Children’s Bible Ministries - Raglan $20,000 Kaiwhenua Organics Charitable Trust $8,000 Raglan & District Museum Society $10,000 PAEROA GROUPS Raglan Community Arts Council $7,000 Children’s Art House - Paeroa $4,000 Raglan Community House Society $8,000 Echo Walking Festival $350 Raglan Community Patrol Charitable Trust $500 Hauraki District Council * $100,000 Raglan Community Radio $2,500 Hauraki Maori Trust Board $50,000 Raglan Cultural and Events Trust $350 Hauraki Waka Ama $10,000 Raglan Maori Wardens Charitable Trust $5,000 Maori Wardens Sub Association - Paeroa $3,000 Raglan Playcentre $1,000 New Zealand Deerstalkers Association - Thames Valley Branch $500 Surfside Christian Life Centre $5,000 Order of St John - Paeroa $2,000 Te Mauri Tau $15,000 Paeroa Basketball Association $1,000 Te Papatapu Marae * $20,000 Paeroa Community Support Trust $25,000 Trust Waikato Raglan Surf Life Saving Club $14,000 Paeroa Lawn Tennis and Squash Rackets Club $500 Volunteer Coastguard - Raglan $3,000 Paeroa Neighbours Food Bank $2,000 Whaingaroa Environment Centre $3,000 Paeroa Pipe Bands and Tattoo Committee $4,000 Whaingaroa Whanau Hoe Waka $1,000 Te Pai-o-Hauraki Marae $1,500 Xtreme Waste Society $40,000 Toy Library - Paeroa $1,000 RAGLAN TOTAL $163,350 PAEROA TOTAL $204,850
DONATIONS 2012/13 27 REGIONAL GROUPS Royal New Zealand Foundation of the Blind $15,000 Alzheimers Waikato Charitable Trust $10,000 Royal New Zealand Plunket Society - Waikato Area $12,000 Asthma and Respiratory Services (Waikato) $5,000 Royal New Zealand Plunket Society Athletics Waikato Bay of Plenty $12,000 - Waikato Car Seat Rental Scheme $3,000 Auckland District Kidney Society $10,000 Rural Women of New Zealand - Waikato Region $350 Autism New Zealand - Waikato Branch $12,000 Scouting Waikato $1,000 Balloons Over Waikato Charitable Trust $20,000 Show Me Shorts Film Festival Trust $500 Barnardos New Zealand $12,000 Sir Edmund Hillary Outdoor Pursuits Centre of New Zealand $15,000 Bowls Waikato $10,000 Special Olympics Waikato $8,000 Canteen - Waikato $5,000 Spirit of Adventure Trust $10,000 Catholic Women’s League Hamilton Diocese $1,000 Sport Waikato - Sports Force $680,000 Cochlear Implant Foundation of New Zealand $5,000 Squash Waikato $2,000 Community Waikato $500,000 Storytime Foundation Trust $3,000 Creative Waikato $225,000 Stroke Foundation Midland Region $12,000 Deaf Aotearoa New Zealand - Waikato $5,000 Swim Waikato $15,000 Diabetes New Zealand Waikato $2,000 Tangata Whenua Community and Voluntary Sector Dyslexia Association of Waikato $1,000 Research Centre $5,000 Epilepsy Association of New Zealand - National Branch $1,500 Te Ataarangi ki roto o Tainui $5,000 Epilepsy Association of New Zealand - Waikato Branch $8,500 Te Puna Whaiora * $15,000 Funding Information Service $4,257 Tennis Waikato - Bays Region $2,500 Girl Guides Association of New Zealand $5,000 The Kids Help Foundation Trust $5,000 Habitat for Humanity (Central North Island) $15,000 University of Waikato Foundation $20,000 Head Injury Society (Waikato) $5,000 Volunteering Waikato $85,000 INA (Maori, Indigenous and South Pacific) HIV/AIDS Foundation $8,000 Waikato Area Girls’ Brigade $1,000 Institute for Child Protection Studies (Child Matters) $25,000 Waikato Area Pony Club $500 La Leche League - Central North Island $1,000 Waikato Badminton Association $15,000 Leukaemia and Blood Cancer New Zealand $8,000 Waikato Basketball Council $12,000 Lifeline Waikato $15,000 Waikato Community Broadcasting Charitable Trust $40,000 Literacy Waikato $15,000 Waikato Community Patrols $500 Maori Women’s Welfare League - Tainui Regional Council $12,000 Waikato Environment Centre Trust $50,000 Motor Neurone Disease Association $1,000 Waikato Every Boys and Every Girls Rally $3,000 Muscular Dystrophy Northern $5,000 Waikato Golf Association $10,000 Music and Art Waikato Trust $75,000 Waikato Hockey Association $32,000 National Heart Foundation of New Zealand - Waikato Branch $1,500 Waikato Institute for Leisure & Sport Studies $35,000 Netball Waikato Region $40,000 Waikato Playcentre Association $6,000 New Zealand Council of Victim Support Groups - Waikato District $30,000 Waikato Regional Volleyball Association $8,000 New Zealand Federation of Family Budgeting Services $6,000 Waikato Touch Association $12,000 New Zealand Federation of Voluntary Welfare Organisations $15,000 Waikato Valley Cricket Association $27,000 New Zealand Hack and Pony Council $2,500 Women’s Institutes $8,000 Nga Watene Maori o Te Rohe Potae Regional Association $10,000 Youthline Auckland Charitable Trust $1,000 No 3 District Federation of New Zealand Football $15,000 REGIONAL TOTAL $2,460,607 Open Home Foundation - Waikato/Hauraki $20,000 Order of St John Central Regional Trust Board $10,000 Para Kore Marae $10,000 Parent to Parent New Zealand $10,000 Parents Inc $5,000 Parkinsonism Society Waikato $8,000 Philanthropy New Zealand $20,000 Presbyterian Support Services (Northern) $10,000 RMH Auckland Trust $8,000 Rostrevor House $25,000
28 DONATIONS 2012/13 TRUST WAIKATO ANNUAL REPORT 2012/2013
TAUMARUNUI GROUPS TE AROHA GROUPS
Anglican Church - Taumarunui $2,000 Domain Day Committee $1,000 Kenxtionz Community Youth Trust $10,000 Elstow - Waihou School $1,500 King Country Western Riding Club $500 Future Te Aroha $8,000 Manunui School $1,500 Mountain View Church $4,000 Marlin Swimming Club $1,000 SeniorNet Te Aroha $350 New Zealand Deerstalkers Association - Central King Country $500 Stanley Avenue School $500 Ohura Machine Knitting Club $350 Te Aroha & District Museum Society $3,000 Owhango School Board of Trustees $500 Te Aroha Community Patrol $350 Rata Street Pre-School $1,500 Te Aroha Domain Bowling Club $350 Ruapehu Community Support Trust $4,000 Te Aroha Social Services $4,000 Saturday Junior Soccer - Taumarunui $500 Te Aroha Springs Community Trust $1,000 Scout Group - Matapuna $350 Toy Library - Te Aroha $1,000 Taumarunui & District Women’s Club $1,000 Volunteer Fire Brigade - Te Aroha $350 Taumarunui Athletic, Rugby and Sports Club $3,000 TE AROHA TOTAL $25,400 Taumarunui Basketball and Sports Association $5,000 Taumarunui Christian Education Trust $15,000 TE AWAMUTU GROUPS Taumarunui Community Christian Foodbank Trust $3,000 Taumarunui Community Disability Activity Group $350 Arohena Playcentre $1,000 Taumarunui Community Kokiri Trust $23,000 Assistance Dogs New Zealand $500 Taumarunui Counselling Services $7,000 Citizens Advice Bureau - Te Awamutu $3,000 Taumarunui Health and Disability Information Centre $2,000 Frontiers $1,000 Taumarunui Machine Knitters $350 Hairini Tennis Club $2,000 Taumarunui Museum Trust $2,500 Kainga Aroha Society $15,000 Taumarunui Tramping Club $350 Kihikihi Bowling Club $350 Taumarunui Women’s Refuge and Support Centre $2,500 Kihikihi Police House Restoration Charitable Trust $1,000 Thrive Group $20,000 La Leche League - Te Awamutu $500 Toy Library - Ruapehu $1,500 Ohaupo Bowling and Associated Clubs $750 Tuhua Hikurangi Regional Management Committee $3,500 Ohaupo Rugby Sports Club $1,500 Pirongia Historic Visitor Centre Te Whare TAUMARUNUI TOTAL $112,750 Taonga o Ngaa Rohe o Arekahanara $1,000 Pirongia Playcentre $500 Rosetown Community Services Trust $5,000 St Andrews Presbyterian Church - Te Awamutu $1,000 Te Awamutu Bird Club $350 Te Awamutu BMX Club $4,000 Te Awamutu Community Menz Shed $1,000 Te Awamutu Competitions Society of the Performing Arts $500 Te Awamutu Rowing Club $500 Te Awamutu Rugby Sports and Recreation Club $25,000 Te Awamutu Stroke and Elderly Support $350 Te Awamutu Vision Impaired Group $350 Toy Library - Te Awamutu Community $750 Waipa Equestrian Park $500 TE AWAMUTU TOTAL $67,400
TE KAUWHATA GROUPS
Kidz Social Services Charitable Trust $3,000 Order of St John - Te Kauwhata $1,000 St Margaret’s Anglican Parish $350 Te Kauwhata Health Awareness Society $5,000 Te Kauwhata Rugby Sports Club $1,000 Trust Waikato Sunset Beach Lifeguard Service $15,000 TE KAUWHATA TOTAL $25,350
DONATIONS 2012/13 29 TE KUITI GROUPS TOKOROA GROUPS
1st Tainui Girls Brigade $1,500 Community Collective $1,000 Aria Primary School $500 Cook Island Wardens - South Waikato $1,000 Battle of O-Rakau Heritage Society $2,000 Forestland Rugby League and Sports Club $1,000 Citizens Advice Bureau - Te Kuiti $2,500 Mangakino Community Agency $15,000 King Country Rugby Football Union $1,000 Mangakino Family Services $6,000 Mairoa Hall Society $1,000 Pacific Rugby League Club $2,500 Maniapoto Rugby Sub Union $1,000 Pacifica Tokoroa Branch $350 Maori Wardens Sub Association - Te Kuiti $3,000 Pouakani Marae Trustees $4,000 New Zealand Society of Genealogists Something We All Got - SWAG $1,500 - Te Kuiti Branch $350 South Waikato Extra Education Trust $1,000 Ngati Maniapoto Marae Pact Trust $30,000 South Waikato Living Without Violence Trust $7,000 Piopio Amateur Swimming Club $500 South Waikato Pacific Island Community Services $4,000 Piopio Memorial Hall Committee $5,000 South Waikato YMCA $15,000 Piopio Playcentre $350 Sports and Leisure Association - Mangakino $5,000 Rangitoto Community $750 Tokoroa Agricultural and Pastoral Association $1,500 Rereahu Marae Committee $3,500 Tokoroa Budget Advisory Service $5,000 RNZSPCA - Te Kuiti Branch $1,000 Tokoroa Community Foodbank Trust $3,500 SeniorNet Te Kuiti $500 Tokoroa Community Ministries Trust $3,000 Te Kuiti & District Highland Pipe Band $1,000 Tokoroa Community Patrol $500 Te Kuiti Amateur Athletic Club $350 Tokoroa Council of Social Services $17,000 Te Kuiti Amateur Swimming Club $500 Tokoroa Kart Club $1,500 Te Kuiti Community House Trust $9,000 Tokoroa Over 60’s Club $350 Volunteer Fire Brigade - Piopio $12,000 Tokoroa Rock n Roll Club $350 Waitomo Basketball Association $1,000 Tokoroa Scottish Country Dance Club $350 TE KUITI TOTAL $78,300 Tokoroa Senior Citizens and Welfare Centre $3,000 Tokoroa Tennis Club $1,000 TOKOROA TOTAL $101,400 Thames GROUPS
CAPS Hauraki $30,000 Citizens Advice Bureau - Thames $2,500 Ebenezer Community Trust $15,000 Figjam Workshops Charitable Trust $1,000 Hauraki Safety Network $10,000 Kauaeranga Valley Christian Camp $2,000 Maori Wardens Sub Association - Thames $3,000 Matai Whetu Marae $1,500 Rainbow Connection Childcare Trust $5,000 Scout Group - Thames $280 Stepping Out Hauraki $7,000 Te Whangai Trust $15,000 Thames Aglow Fellowship $350 Thames Bowling Club $20,000 Thames Coast Community Kindergarten $2,000 Thames Heritage Events Trust $3,000 Thames Music Group $350 Thames Valley Bowls $6,000 Thames Valley Motorcycle Club $500 Thames Women’s Centre Trust $10,000 Thames Youth Centre $10,000 Thames/Hauraki Health and Disability Resource Centre Trust $7,000 Waiotahi Trust $7,500 THAMES TOTAL $158,980
30 DONATIONS 2012/13 TRUST WAIKATO ANNUAL REPORT 2012/2013
WAIHI GROUPS
Blue Light Ventures - Waihi $2,000 Christians Against Poverty $5,000 Citizens Advice Bureau - Hauraki $2,000 GO Waihi $1,000 Mainly Music - Waihi Beach $350 St James Presbyterian Church - Waihi $350 Waihi Arts Centre and Museum Association $1,000 Waihi Beach Primary School $1,000 Waihi Community Marae $1,000 Waihi Community Radio $750 Waihi Community Resource Centre $20,000 Waihi District Walkways $5,000 Waihi Family Life Trust $5,000 Waihi Golf Club $500 Waikino Liaison Society * $25,000 Waikino School $1,000 WAIHI TOTAL $70,950
WHANGAMATA GROUPS
Tairua Care and Friendship Club $3,000 Tairua Information and Community Services Society $5,000 Trust Waikato Pauanui Surf Life Saving Club $10,000 Trust Waikato Tairua Surf Life Saving Club $10,000 Trust Waikato Whangamata Surf Life Saving Club $20,000 Whangamata Amateur Swimming Club $500 Whangamata Bowling Club $500 Whangamata Community Services Trust $25,000 Whangamata Rugby and Sports Club $1,000 Whangamata Summer Festival $2,000 WHANGAMATA TOTAL $77,000
WHITIANGA GROUPS
Mercury Bay Art Escape Trust $1,000 Mercury Bay Health Support Group $1,000 Mercury Bay Museum Trust Board $4,000 Volunteer Coastguard - Whitianga $5,000 Whenuakite Kiwi Care Group $500 Whitianga Community Services Trust $30,000 Whitianga Senior Citizens Club $500 WHITIANGA TOTAL $42,000
Grand Total $6,012,987
An additional $250,350 was granted in donations to 2 further groups. However, due to a change in circumstances the donations were withdrawn or refunded.
DONATIONS 2012/13 31 THE WAIKATO COMMUNITY TRUST INCORPORATED SUMMARISED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2013
DIRECTORY For the year ended 31 March 2013
PRINCIPAL ACTIVITIES: Investment and Donations
TRUSTEES: Van der Heyden, Ali (Deputy Chair to 31 Aug 2012; Chair from 1 Sept 2012) Baddeley, Clint (Chair, retired 31 Aug 2012) Barriball, Peggy Chew, Alan (Appointed 1 Sept 2012) Christian, Carolyn (Appointed 1 Sept 2012) Flowers, Lynnette Gillespie, John Hosking, Bruce (Retired 31 Aug 2012) Muru, Judith (Acting Deputy Chair 1 Sept 2012 - 14 Feb 2013) Noble, Bill (Appointed 1 Sept 2012) Nuri, Niwa Paenga, John Roa, Pamela Sporle, Raewyn Tan, Fee-Ching (Retired 31 Aug 2012) Viggers, Maxine Wilson, Edgar (Appointed 1 Sept 2012; Deputy Chair from 14 Feb 2013) Yates, Dianne (Retired 31 Aug 2012)
CHIEF EXECUTIVE: Gatenby, Beverly
ACCOUNTANTS: PricewaterhouseCoopers, Hamilton
AUDITORS: KPMG, Hamilton
BANKERS: Westpac Limited, Hamilton
PHYSICAL ADDRESS: 2 London Street, Hamilton 3240
POSTAL ADDRESS: PO Box 391, Hamilton 3240
WEBSITE: www.trustwaikato.co.nz
The full financial statements are available on our website www.trustwaikato.co.nz. Paper copies can be requested or collected from Trust Cottage, 4 Little London Lane, Hamilton.
32 FINANCIAl STATEMENTS TRUST WAIKATO ANNUAL REPORT 2012/2013
SUMMARISED STATEMENT OF COMPREHENSIVE INCOME for the year ended 31 March 2013 2013 2012 Notes NZ$’000 NZ$’000 Income Investment Income 5 34,460 16,404 Other Income 22 24 Total Income 34,482 16,428
Operating Expenses Total Operating Expenses (3,794) (2,888)
Distributions Donations and Sponsorships 6 (6,725) (6,732) TOTAL COMPREHENSIVE INCOME FOR THE YEAR 23,963 6,808
SUMMARISED STATEMENT OF CHANGES IN TRUST FUNDS FOR THE YEAR ENDED 31 MARCH 2013
2013 Base Capital Investment Comprehensive Total Value (Note 7) Fluctuation Income Trust Reserve Funds (Note 7) NZ$’000 NZ$’000 NZ$’000 NZ$’000 Trust Funds as at 1 April 2012 267,743 (6,198) - 261,545 Total Comprehensive Income for the Year - - 23,963 23,963 Transfer to Reserves 3,928 20,035 (23,963) - Trust Funds as at 31 March 2013 271,671 13,837 - 285,508
2012 Base Capital Investment Comprehensive Total Value (Note 7) Fluctuation Income Trust Reserve Funds (Note 7) NZ$’000 NZ$’000 NZ$’000 NZ$’000 Trust Funds as at 1 April 2011 261,944 (7,207) - 254,737 Total Comprehensive Income for the Year - - 6,808 6,808 Transfer to Reserves 5,799 1,009 (6,808) - Trust Funds as at 31 March 2012 267,743 (6,198) - 261,545
These financial statements must be read in conjunction with the notes on pages 35 to 38. FINANCIAl STATEMENTS 33 SUMMARISED STATEMENT OF SUMMARISED CASH FLOW FINANCIAL POSITION STATEMENT AS AT 31 MARCH 2013 FOR THE YEAR ENDED 31 MARCH 2013
2013 2012 2013 2012 Notes NZ$’000 NZ$’000 Notes NZ$’000 NZ$’000 Net Cash provided TRUST FUNDS by Operating Activities 14 81 584 Base Capital Value 7 271,671 267,743 Net Cash (used in)/provided by Investing Activities (89) (104) Investment Fluctuation Reserve 7 13,837 (6,198) NET INCREASE IN CASH TOTAL TRUST FUNDS 285,508 261,545 AND CASH EQUIVALENTS (8) 480 Cash and Cash Equivalents CURRENT LIABILITIES at the Beginning of the Year 877 397 Accounts Payable and Accruals 308 400 CASH AND CASH EQUIVALENTS AT THE END OF THE YEAR 869 877 Donations Payable 8 1,600 1,255 Derivative Financial Instruments 461 - 2,369 1,655 TOTAL TRUST FUNDS AND LIABILITIES 287,877 263,200
CURRENT ASSETS Cash and Cash Equivalents 869 877 Accounts Receivable 28 37 Derivative Financial Instruments - 539 Sport Waikato Loan 10 1,451 - 2,348 1,453 NON CURRENT ASSETS Investments 11 282,685 257,485 Property, Plant and Equipment 2,649 2,735 Te Kete Putea Limited Partnership 13 195 - Database Loan 13 - 195 Sport Waikato Loan 10 - 1,332 285,529 261,747
TOTAL ASSETS 287,877 263,200
For and on behalf of the Trustees, who authorised the issue of these financial statements on the date shown below:
Ali Van der Heyden John Gillespie Trustee Trustee 11 July 2013 11 July 2013
34 FINANCIAl STATEMENTS These financial statements must be read in conjunction with the notes on pages 35 to 38. TRUST WAIKATO ANNUAL REPORT 2012/2013 THE WAIKATO COMMUNITY TRUST INCORPORATED NOTES TO AND FORMING PART OF THE SUMMARISED FINANCIAL STATEMENTS For the year ended 31 March 2013
1 REPORTING ENTITY 6 DONATIONS The Waikato Community Trust Incorporated is a not for profit On 30 April 2013 the Waikato Times published a charitable trust incorporated and domiciled in New Zealand. Its list totalling $6,012,987 which showed the donations principal activities are the investment and maintenance of the Trust approved by the Trust during the year ended 31 capital and the provision of donations to community groups in the March 2013. greater Waikato area. The Trust was incorporated on 5 August 1988 with Trust Capital of $21,316,622. A donation to Waipa District Council of $250,000 was committed but subsequently withdrawn during the The Trust operates as Trust Waikato. financial year. A donation to Richfields Eventing Inc of $350 was paid but subsequently refunded during the financial year. 2 su MMARISED FINANCIAL STATEMENTS Total donations published These are the summarised financial statements of The Waikato in the Waikato Times $6,012,987 Community Trust Incorporated. Less: Future conditional commitments included in above: These summarised financial statements are prepared in compliance Hauraki District Council 100,000 with FRS - 43 ‘Summary Financial Statements’ and have been Morrinsville Netball Centre 12,000 extracted from the full audited financial statements for the year Ngati Haua Mahi Trust 15,000 ended 31 March 2013 which were authorised for issue on 11 Taupiri Marae 35,000 July 2013. Summarised financial statements cannot be expected to provide as complete an understanding as provided by the full Te Papatapu Marae 20,000 financial statements, which can be obtained from the office of the Te Puna Whaiora 15,000 Trust or from the Trust website www.trustwaikato.co.nz. Waikino Liaison Society Inc 25,000 Zeal Education Trust 25,000 The full financial statements have been subject to audit by KPMG and an unmodified audit report was issued on 11 July 2013. The $247,000 audit concluded that the full financial statements “give a true and Add: Past conditional commitments paid during year: fair view of the financial position of the Trust as at 31 March 2013 Coromandel Heritage Trust 55,000 and its financial performance and cashflows for the year then Matahuru Papakainga Committee 50,000 ended”. These summarised financial statements were authorised Mesh Sculpture Hamilton 10,000 by the Trustees for issue on 11 July 2013 and have been examined Order of St John, Te Kauwhata 64,000 by KPMG for consistency with the full financial statements. Phillips Search and Rescue Trust 75,000 Tauwhare School Board of Trustees 10,000 3 stATEMENT OF COMPLIANCE Te Awa River Ride Charitable Trust 100,000 Te Papa-o-Rotu Marae 70,000 The Trust full financial statements have been prepared in accordance with Generally Accepted Accounting Practice in New $434,000 Zealand (NZ GAAP) and The Financial Reporting Act 1993. They Less: Payment of donations payable at beginning of year comply with the New Zealand Equivalents to International Financial Community Waikato 500,000 Reporting Standards (NZ IFRS) and other applicable Financial Music and Arts Waikato Trust 75,000 Reporting Standards as appropriate for Public Benefit Entities. Sport Waikato 680,000 $1,255,000 4 BASIS OF MEASUREMENT Add: Donations approved during the year and payable at The financial statements have been prepared on end of year the basis of historical cost, except for the revaluation of the Community Waikato 500,000 following assets, which are stated at their fair value: Creative Waikato 400,000 • Financial assets at fair value through profit or loss Sport Waikato 700,000 • Derivative financial instruments $1,600,000 • Available for sale financial assets Less: Donations from prior years refunded during the year Burwood Academy of Independent Living 6,000 Cambridge Athletic and Harrier Club 1,000 5 INVESTMENT INCOME Citizens Advice Bureau, Tokoroa 3,750
2013 2012 Coromandel Education Advancement NZ$’000 NZ$’000 Charitable Trust 500 Diabetes NZ South Waikato 350 Net Increase in Investments 27,332 8,631 Family Education Network 2,000 Net Increase in Derivative Waikato Rowing Association Inc 5,000 Financial Instruments 1,991 2,869 $18,600 Dividends 3,174 2,925 Total donations for the year shown in Interest 1,963 1,979 the Statement of Comprehensive Income $6,526,387 34,460 16,404 A full list of donations is available on request from the Trust office, or at www.trustwaikato.co.nz.
FINANCIAl STATEMENTS 35 7 tRUST FUNDS 2013 2012 2013 2012 NZ$’000 NZ$’000 Base Capital Value NZ$’000 NZ$’000 Donations 5,217 3,582 Balance at the Beginning of the Year 267,743 261,944 Sponsorships 295 45 Transfer from Comprehensive Income 3,928 5,799 5,512 3,627 Balance at the End of the Year 271,671 267,743 Subject to fulfilment of the conditions, Base Capital Value is adjusted on a quarterly the contingent liabilities are payable compounding basis for inflation and regional as follows: population growth. Not later than 1 year 3,315 881 2013 2012 Investment Fluctuation Reserve NZ$’000 NZ$’000 Later than 1 year and not later than 5 years 2,197 2,746 Balance at the Beginning of the Year (6,198) (7,207) 5,512 3,627 Transfer from Comprehensive Income 20,035 1,009 Balance at the End of the Year 13,837 (6,198) 10 SPORT WAIKATO LOAN The loan to Sport Waikato is secured by a first The Trustees have adopted an investment strategy ranking General Security Agreement (GSA) in favour with a targeted long term annual rate of return of 7.1% of the Trust over all of Sport Waikato’s present and (2012: 7.5%) of the Trust portfolio value. Recognising after-acquired property with a first priority amount of that actual returns are likely to fluctuate from year to no less than $2,000,000 and by a first mortgage over year, the Trust retains the variation from the target in Sport Waikato’s leasehold estate and interest in their an Investment Fluctuation Reserve, so that in years site at Wintec. The loan is interest free and repayable when investment returns are less than the target, in one lump sum by 19 August 2013. The carrying sufficient funds are available to meet expenditure and value of the loan is calculated using the effective make donations. If the Trust fund falls below the value interest method to recognise notional interest income. that needs to be maintained for the benefit of current The loan balance is made up as follows: and future generations the levels of expenditure and donations are reviewed by the Trust. 2013 2012 NZ$’000 NZ$’000 Loan Principal 1,500 1,500 8 DONATIONS PAYABLE Fair Value Adjustment on Initial 2013 2012 Recognition of Interest Free Loan (525) (525) NZ$’000 NZ$’000 Donations Payable 1,600 1,255 Cumulative Notional Interest 476 357 1,600 1,255 1,451 1,332
Donations payable are discretionary donations where there are no significant conditions attached or where the significant conditions attached to the donations have been met at balance date.
9 CONTINGENT LIABILITIES: DONATIONS AND SPONSORSHIPS Donations that are classified as contingent liabilities at balance date are discretionary donation obligations that are reliant on fulfilment of certain conditions in future years. Sponsorships that are classified as contingent liabilities at balance date are sponsorship contracts which are reliant on fulfilment of certain conditions in future years. The following contingent liabilities exist for donations and sponsorships that have been approved in the current or previous years.
36 FINANCIAl STATEMENTS TRUST WAIKATO ANNUAL REPORT 2012/2013
11 INVESTMENTS 13 te KETE PUTEA LIMITED PARTNERSHIP (2012: DATABASE The Trust uses the services of an investment advisor to pursue an investment policy considered LOAN) appropriate for the Trust. The Trust selects fund The investment in Te Kete Putea Limited Partnership managers according to their style and specialist skills (TKPLP) represents the Trust share of an integrated including the ability to protect capital in negative donations and financial management system owned or down markets. In the year to 31 March 2013 collectively between 11 Community Trusts. the Trust confirmed the following strategic asset allocations and investments at fair value. The Trust initially met its funding proportion for the project by way of a loan to ASBCT, which agreed 2013 2013 2012 2012 to undertake the work on the project and incur the Strategic NZ$’000 Strategic NZ$’000 project commitments. The Trust granted an indemnity Asset Asset in favour of ASBCT in respect of such commitments. Allocation Allocation This loan, shown in the Trust Balance Sheet as at % % 31 March 2012, was unsecured and interest free. On Growth Assets the formation of TKPLP, the loan from the Trust was extinguished by application by ASBCT towards the Global Equities 25 73,463 25 67,515 Trust capital contribution to TKPLP. TKPLP acquired Australasian Equities 10 48,298 15 40,551 the assets on 15 March 2013. Private Equity 5 334 - - Unlisted Property 10 27,395 10 26,242 14 RECONCILIATION OF SURPLUS Infrastructure 10 22,371 10 20,417 FOR THE YEAR TO NET CASH FLOWS FROM OPERATING ACTIVITIES Income Assets 2013 2012 NZ$’000 NZ$’000 New Zealand Total Comprehensive Fixed Interest 10 26,972 10 25,882 Income for the year 23,963 6,808 Global Fixed Interest 25 68,505 25 64,287 Adjust for Non-Cash Items: 56 (31) New Zealand Cash 5 15,347 5 12,591 Impact of Changes in Investments at Net Assets and Liabilities: (23,938) (6,193) Fair Value 100% 282,685 100% 257,485 Net Cash Inflow From Operating Activities 81 584
12 COMMITMENTS: INVESTMENTS The Trust has made commitments to invest in certain managed funds, which will call upon the committed funds as the fund managers identify suitable investment vehicles. These investments will be funded by realising other investments currently held by the Trust.
2013 Contribution Commitment Contribution Commitment to date Balance within 1 year NZ$’000 NZ$’000 NZ$’000 NZ$’000 Committed Investments 23,000 2,925 20,075 450
2012 Contribution Commitment Contribution Commitment to date Balance within 1 year NZ$’000 NZ$’000 NZ$’000 NZ$’000 Committed Investments 8,000 1,822 6,178 -
FINANCIAl STATEMENTS 37 15 tRUSTEE MEETINGS AND HONORARIUM The Trust Board held 15 formal meetings during the year. The following table records Trustee attendance at those formal meetings:
Trustee Meeting Honorarium Attendance $ Van der Heyden, Ali (Deputy Chair to 31 Aug 2012; Chair from 1 Sept 2012) 13 21,371 Baddeley, Clint (Chair, retired 31 Aug 2012) 7 10,554 Barriball, Peggy 14 13,931 Chew, Alan (Appointed 1 Sept 2012) 7 7,388 Christian, Carolyn (Appointed 1 Sept 2012) 6 7,388 Flowers, Lynnette 13 12,665 Gillespie, John 14 12,665 Hosking, Bruce (Retired 31 Aug 2012) 7 5,277 Muru, Judith (Acting Deputy Chair 1 Sept 2012 - 14 Feb 2013) 14 14,116 Noble, Bill (Appointed 1 Sept 2012) 8 7,388 Nuri, Niwa 11 12,665 Paenga, John 8 12,665 Roa, Pamela 14 12,665 Sporle, Raewyn 11 12,665 Tan, Fee-Ching (Retired 31 Aug 2012) 6 5,277 Viggers, Maxine 15 12,665 Wilson, Edgar (Appointed 1 Sept 2012; Deputy Chair from 14 Feb 2013) 8 7,783 Yates, Dianne (Retired 31 Aug 2012) 6 5,277
Total Remuneration 194,405
In addition, during the year Trustees participated in committee meetings, Trust meetings with community groups, and a range of professional development opportunities. Trustees were also invited to 87 events and meetings within the community and were able to achieve representation at approximately 55 of those meetings.
16 CONFLICTS OF INTEREST Donations During the year Trustees and staff were required Trustees were related to organisations that received to declare when they had either a direct or indirect donations totalling $112,000 (2012: $234,500) conflict of interest in a matter being considered by during the year. Interests were declared when these the Trust. During the course of the year, 42 such donations were considered and Trustees took no part interests were recorded (2012: 69). A register of in deliberations relating to organisations in which they those interests is available for inspection at the Trust. had an interest. There are no outstanding balances at balance date. There were no related party transactions for 17 RELATED PARTY TRANSACTIONS Management during the year (2012: $38,500). In 2012, interests were declared when these donations Compensation were considered and key management took no part The compensation of Key Management Personnel in deliberations relating to organisations in which they (Trustees and Management), is set out below: had an interest. There are no outstanding balances at balance date. 2013 2012 NZ$’000 NZ$’000 Short Term Trustee and Employee Benefits 375 397 375 397
38 FINANCIAl STATEMENTS TRUST WAIKATO ANNUAL REPORT 2012/2013
Independent auditor’s report on the SUMMARISED financial statements To the Trustees of The Waikato Community Trust Incorporated
The accompanying summarised financial statements on pages 33 to 38, which comprise the summarised statement of financial position as at 31 March 2013 and the summarised statements of comprehensive income, changes in trust funds and cash flows for the year then ended and notes, are derived from the audited financial statements of The Waikato Community Trust Incorporated (‘’the trust’’) for the year ended 31 March 2013. We expressed an unmodified audit opinion on those financial statements in our report dated 11 July 2013. The summarised financial statements do not contain all the disclosures required for full financial statements under generally accepted accounting practice in New Zealand. Reading the summarised financial statements, therefore, is not a substitute for reading the audited financial statements of The Waikato Community Trust Incorporated.
Trustees’ responsibility for the financial statements The trustees are responsible for the preparation of a summary of the audited financial statements, in accordance with FRS-43 Summary Financial Statements.
Auditor’s responsibility Our responsibility is to express an opinion on the summarised financial statements based on our procedures, which were conducted in accordance with International Standards on Auditing (New Zealand) (ISA (NZ)) 810 Engagements to Report on Summary Financial Statements. Other than in our capacity as auditor we have no relationship with, or interests in, the trust.
Opinion In our opinion, the summarised financial statements, derived from the audited financial statements of The Waikato Community Trust Incorporated for the year ended 31 March 2013, are a fair summary of those financial statements, in accordance with FRS-43 Summary Financial Statements.
11 July 2013 Hamilton
FINANCIAl STATEMENTS 39 in the spotlight
South Waikato Pacific Islands Community Services South Waikato Pacific Islands Community Services (SWPICS) provides an amazing array of health and community services to people in the South Waikato area. Based in Tokoroa, SWPICS has been a broker group with Trust Waikato since 2012. The broker group relationship provides an avenue for Trust Waikato to connect with many groups in this part of our region.
40 IN THE SPOTLIGHT TRUST WAIKATO ANNUAL REPORT 2012/2013
Ngaruawahia Volunteer Fire Brigade The Ngaruawahia Volunteer Fire Brigade works with its community to protect the things we all value. With nearly 30 volunteer fire fighters, it’s a growing, thriving organisation. Not only does it focus on responding to emergencies, but it also delivers a range of education programmes to help prevent fires.
IN THE SPOTLIGHT 41 Model Waka – Te Putea 1972
Trust Waikato Art and Taonga Collection
The Trust inherited an intricately carved model waka taua (war canoe) called Te Putea from the Waikato Savings Bank. It was originally presented by Te Arikinui Dame Te Atairangikaahu in 1972 to the trustees of the Bank, in appreciation of its donation towards construction of the full-sized waka Taheretikitiki. Te Arikinui named the model waka ‘Te Putea’, in reference to the finely woven basket in which one's prized possessions would be placed.
In traditional times, the waka crew was comprised firstly of paddlers who were the most important people in the vessel. At the prow stood the kaihautu person, renowned for his skill and bravery as a warrior in the spearhead of attack. At the stern was the tohunga navigator, mediator, sage and medium between gods and man. In the middle stood the kaituki, who looked after the paddlers, saw that the sails were unfurled at the right time and set the rhythm and timing for the paddlers.
Te Putea is currently on display in the Ngaa Pou Whenua exhibition at the Waikato Museum.
The Waikato Community Trust (Inc), 2 London Street, PO Box 391, Hamilton 3240 Tel 07 838 2660, Fax 07 838 2661, Freephone 0800 436 628, Email [email protected]
www.trustwaikato.co.nz