ANNUAL REPORT 2016-17 Helping New Zealanders access, enjoy and succeed on the water for life
Thank you to all photographers who have supplied images throughout the year which feature in this annual report. COVER PHOTO: SAILING ENERGY / WORLD SAILING PATRON GNZM, QSO DAME PATSYREDDY THE RIGHTHONOURABLE
FRONT:
L-R:
BACK ROW: GARETHMOORE, KELLYMULCAHY,BETHORTON, JULIESUTHERLAND,DIANNELOGAN MIDDLE: OFFICERS SUPPORT REGIONAL NZCT STUARTTHOMAS,ANDREWCLOUSTON, ANGUSWILLISON,MARKHOWARD,DANIKAMOWLEM MICHAELBROWN, NATHANHANDLEY,DAVIDABERCROMBIE, MIKEHALL-TAYLOR L-R: L-R MIDDLE: BACK ROW: FRONT: BACKROW: ANGUSHASLETT,SARAHMEIKLE,MURRAYBROWN VIKIMOORE,IRENEHAYWARD,JENNYDELISLE FRONT: JOHNCOBB,GREGKNOWLES,STEPHENREINDLER HAMISHHEY,GRAEMEWALL,IANGARDINER KIMADMORE,WAYNEHOLDT ABSENT: RAYHASLAR MANAGEMENT THE BOARD ABSENT:
IANNEELY
01 | YNZ 02 | YNZ • • to deliverinthecomingyear, including: We haveanumberofconcrete actions and excelonthenationalworldstage. foundation forNewZealanderstocompete about thesportforlife;andprovide asolid experiences keepingmemberspassionate empowered toprovide safeandenjoyable our pristinewaterenvironment; clubsare can participateinsailingandboating Our visionistoensure NewZealanders of yachtingandboating. working withourclubsforthebenefit a long-term,collaborativeapproach members. Aboveall,weare lookingfor first priorityistotheclubswhoare our direction. We havereaffirmed thatour done onYachting NewZealand’s strategic We’re alsoproud oftheworkwe’ve Zealand’s placeasatopyachtingnation. of oursportandthemaintenanceNew regattas ascentraltothecompetitiveside made thempossible.We seeinternational Club, andtheclubsvolunteerswho Games, bothhostedbyTorbay Sailing Championships and2017World Masters the 2016AonYouth SailingWorld This wasexemplifiedbyeventslike equally exciting. and thefuturelooks boating inNewZealand involved inyachtingand rewarding timetobe have beenanimmensely The past12months are easyforallofourclubsto access. training materialsandwebsiteso they Simplifying ouronlineguidanceand
knowles greg from thechairman • • • • • to review thisposition. structuring, otherwisewewillneed memberships andnotresort tocreative on ourclubstoaccuratelydeclare their a broad membershipbase. We are reliant on havingarelatively lowrateacross past three yearsbutthisapproach isbased our 2018/19levyatthesamelevelas services operatingincome.We are holding contribute aboutone-third ofourmember As inprevious years,ourmemberlevies New Zealandisinasoundfinancialposition. management overtheyears,Yachting money istightbut,through prudent Like mostnationalsportingorganisations, of oursportandtodelivervalueclubs. important todemonstratethereach and partnersthemembercard is is tosecure more commercial sponsors initiatives inplay. Partofour strategy with someexcitingopportunitiesand We haveanumberofchallengesalong your feedbackiswelcome. the direction weare headingin.Asalways, We are confidentourclubswillappreciate community facility. of excellence,trainingand Establishing aworld-classcentre legacy benefitsforourclubs). in NewZealand(andleveragethe events and runmore international Establishing capabilitytoattract (instead ofMaritimeNewZealand). effective safetyinspectionsforourclubs Building capabilitytocarryoutcost- sailing waters. the maintenanceofourpristine yachties, andadvocatingfor Developing coursesforrecreational here to help. you provide toyourmembers.We are communities andtheopportunities thank youfortheworkdoin your Finally, totheyachting andboatingclubs, of alotground thisyear. Keepitup. Zealand becauseyouhavecovered ahell commitment youbringtoYachting New Championships, Iadmire theenergyand led the2016AonYouth Sailing World his team,includingPeterDawsonwho To chiefexecutiveDavidAbercrombie and with yournextcampaigns. acknowledgement andthanks.Goodluck NZL SailingTeam (andtheirfamilies)our exceptional coachesandathletesinthe Performance SportNewZealand,andthe To SportNewZealandandHigh a platformforfuture success. performance programme whichsets created aculture andlegacyinourhigh director aftereightyears,youhave who retired asourhighperformance Olympic committee,andJezFanstone To Terry Nicholas,outgoingchairofour keelboats andcruising,willbemissed. perspective, particularlyinrespect of Both RayandIrene brought anational at theupcomingannualgeneralmeeting. Irene Hayward, whoissteppingdown Zealand president duringtheyear, and Ray Hasler, whoretired asYachting New I wouldliketosayaspecialthanks There are twodepartures from theboard. one wethinkiswellworthit. investment from theorganisationbut to clubs.Thiswillseeaconsiderable what thislookslikeanditcandeliver to clubs.We hopetoshare laterintheyear platform toimprove ourservicecapability significantly more in2018onourdigital We alsoacknowledgeaneedtospend 03 | YNZ 04 | YNZ SAILING ENERGY/WORLD SAILING ENERGY/WORLD SAILING 2016 AON WORLD CHAMPIONSHIPS YOUTH SAILING ZEALAND NEW TEAM EMIRATES BACK IS MUG HOME AULD THE abercrombie david from thechiefexecutive on theworldstage. distinction andwinning Kiwis performingwith Cup successtoother Zealand’s America’s Emirates TeamNew year’s Olympicsand four medalsatlast past 12months,from to celebrateinthe We havehadsomuch excellence award) andWorld Sailing also wonthehighperformancecampaign excellence (PeterBurlingandBlairTuke Sport andRecreation award forevent saw usrecently wintheNewZealand Aon Youth SailingWorld Championships The overwhelmingsuccessofthe2016 of thismagnitude. sponsors andvolunteerstorunevents within clubs,Yachting NewZealand, to thishasbeentheincreased capabilities events.Crucial host majorinternational Club, wehavedemonstratedcan Games, bothheldattheTorbay Sailing World ChampionshipsandWorld Masters Between the2016AonYouth Sailing in thenextfouryears. for NewZealandsailingandboating forward togreater successandexposure Red BullYouth America’s Cup.Ilook Endean, whowasinvolvedinthe2013 shores andtheywere backedupbyGuy bringing theAuldMugbacktothese programme playedsuchakeyrole in was thefactfourmembersofourOlympic One thingthatwasparticularlygratifying was so critical to bringing the 2016 was socriticaltobringingthe2016 MBIE andAteedfortheirfundingwhich Dry Hills.Iwouldparticularlyliketothank Zealand andournewestaddition,Lawson’s Foundation, Nespresso, MelanomaNew Air NewZealand,HalbergDisabilitySport Zealand Yachting Trust, FoundationNorth, Lion Foundation,Oceanbridge,New New ZealandCommunityTrust, The Aon, Volvo, HRG,Zhik,MaerskLine, and HighPerformanceSportNewZealand, partners andsponsors:SportNewZealand We are fortunatetohavesomereally great enjoyable experience. country ensured everyonehadan terrific volunteersfrom clubsalloverthe existing siteandthegreat weatherand hard tobuildanamazingfacilityontheir Torbay SailingClubworkedincredibly job inorganisingandfundingtheevent, Peter Dawsonandhisteamdidagreat to fouryearsprepare. Eventdirector – hostcountriestypicallyhavethree fact itwasorganisedinonlysevenmonths What madeittrulyremarkable wasthe for future youthworldchampionships”. commented thatithad“raisedthebar
happy andvibrantworkenvironment. is runningsmoothlyandwehaveavery and classassociations.Ourbusiness who worksohard supportingourclubs the fantasticstaff atYachting NewZealand ofoursport,andtothank and governance and theboard fortheirstrong leadership express myappreciation toGreg Knowles Finally, Iwouldliketoacknowledgeand to yachtiesandboaties. sport andmeaningfulconnection endeavour topromote amore sustainable platform,wewill a newonlinelearning compliance andsafetysystems leading trainingsystems,more streamlined grow theircapabilitiesthrough world- a strong desire onourpartto helpclubs communication channelsandplatforms, improved subscription categories.With junior classesoffsetting adecrease inother as lastyearwithgoodgrowth across the numbers overallremained aboutthesame succeed onthewaterforlife.Membership New Zealandersaccess,enjoyand clubs inmeetingourjointvisionofhelping year andcontinuetosupportourmember 2018/19 seasonatthesamelevelaslast We willkeeptheaffiliation feeforthe to ourclubsandtheirmembers. boat insuranceprovide great valueback additional Aonservicesaround traveland in theirbuildinginsurancepremiums. The whom are enjoyingconsiderable savings up totheclubinsurancescheme,allof members. More than60clubshavesigned has alsodelivered great valuetoour an extremely positiveone,andonethat Our relationship withAonhasbeen on astitlesponsor. to NewZealandandAonforcoming Aon Youth SailingWorld Championships
05 | YNZ 06 | YNZ Pupuke BoatingClub Point ChevalierSailingClub Ponsonby CruisingClub Pine HarbourCruisingClub Panmure Yacht &BoatingClub Panmure LagoonSailingClub Pakuranga SailingClub Northcote BirkenheadYacht Club Murrays BaySailingClub Multihull Yacht Club Milford CruisingClub Maraetai SailingClub Manukau Yacht &MotorboatClub Manly SailingClub Kohimarama Yacht Club Howick SailingClub Hobsonville Yacht Club Gulf HarbourYacht Club Glendowie BoatingClub French BayBoatingClub Devonport Yacht Club Clearwater CoveYacht Club Clarks BeachYacht Club Bucklands BeachYacht Club AUCKLAND Whangarei CruisingClub Taipa SailingClub Sandspit Yacht Club Russell BoatingClub Opua CruisingClub Onerahi Yacht Club Marsden Yacht andBoatClub Mangonui CruisingClub Kerikeri CruisingClub Dargaville Yacht Club Bay ofIslandsYacht Club NORTHLAND NORTH ISLAND CLUBS Wairoa Yacht Club Napier SailingClub YachtGisborne Club EAST COAST Tauranga Yacht &PowerboatClub Rotorua Yacht Club Port OhopeYacht Club Mt MaunganuiYacht Club Lake Taupo Yacht Club BOP Trailer Yacht Squadron BAY OF PLENTY Waikato Yacht Squadron Thames SailingClub Ngaroto SailingClub Mercury BayBoatingClub Hamilton Yacht Club Cambridge Yacht &MotorboatClub WAIKATO/THAMES Weymouth Yacht Club Weiti BoatingClub Wakatere BoatingClub Waiuku Yacht Club Waiheke BoatingClub Torbay SailingClub Tamaki Yacht Club Takapuna BoatingClub Taikata SailingClub Short HandedSailingAssociation Royal NewZealandYacht Squadron Royal NewZealandNavySailingClub Royal AkaranaYacht Club Richmond Yacht Club AUCKLAND CONTINUED… Wanganui Sailing Club Waitara Boating Club New PlymouthYacht Club Horowhenua SailingClub WEST COAST Worser BayBoatingClub BayBoatingClub Titahi Royal PortNicholsonYacht Club Plimmerton BoatingClub Paremata BoatingClub Muritai Yacht Club Lowry BayYacht Club Heretaunga BoatingClub Evans BayYacht &MotorBoatClub WELLINGTON TAURANGA YACHT &POWERBOAT CLUB Waimakiriri Sailing &PowerboatClub YachtTimaru &PowerboatClub Stewarts GullySailingClub Pleasant PointYacht Club Pigeon BayBoatingClub Naval PointClubLyttelton Mount PleasantYacht Club Christchurch Yacht Club Charteris BayYacht Club Akaroa Yacht Club CANTERBURY Waikawa BoatingClub Tasman BayCruisingClub Queen CharlotteYacht Club Pohara BoatingClub Nelson Yacht Club Motueka Yacht andCruisingClub NELSON/MARLBOROUGH SOUTH ISLAND Wakatipu Yacht Club Riverton SailingClub Marakura Yacht Club Bluff Yacht Club SOUTHLAND Wanaka Yacht Club Vauxhall Yacht Club BoatingClub Ravensbourne Port ChalmersYacht Club Owaka Yacht Club Otago Yacht Club Otago Trailer Yacht Squadron Macandrew BayBoatingClub Lake DunstanBoatClub Broad BayBoatingClub OTAGO Lake MahinapuaAquaticClub Lake BrunnerYacht Club WEST COAST PORT CHALMERS YACHTPORT CHALMERS CLUB
07 | YNZ CLASS ASSOCIATIONS
29er Class Association of NZ Marauder 8.4 Owners Association NZ Paper Tiger Owners Association 3.7 Owners Association Noelex 22 Trailer Yacht Association NZ Radio Yachting Association 49er Association of New Zealand Noelex 25 Trailer Yacht Owners NZ RS Feva Association Classic Yacht Association of NZ Association NZ R Class Squadron Elliott 5.9 Class Association NZ 18 Foot Skiff Association NZ Sunburst Association Europe Dinghy Class NZ NZ 420 Class Association NZ Team Sailing Association Farr 1020 Owners Association NZ Blokart Association P Class New Zealand Farr 11.6 Owners Association NZ Hansa Class Association Raven Owners Association Farr MRX NZ Hobie Class Association Reactor Yachting Association Inc Flying Fifteen NZ Inc. Association NZ International Etchells Class Ross 780 Owners Association Association H28 Owners Association RSX Windsurfer Class Association NZ Finn Association Hartley 16 Class Association Starling Class New Zealand NZ International Flying Dutchman International 470 Class Stewart 34 Owners Association Association Association of NZ Techno 293 OD Class Association NZ International Optimist Dinghy International A Division Townson 32 Owners Association Association Catamaran Association Tracker 7.7 Owners Association NZ International Tornado Association The International Nacra 17 Weta Sailing Association Inc. NZ Jollyboat Class Association Class Association Windsurfing New Zealand Inc. NZ Kite Racing Association Javelin Class Owners Association Young 88 Owners Association NZ Laser Association Lotus Owners Association of NZ Inc. NZ OK Dinghy Association Magic 25 Class Association Zephyr Owners Association NZ O’pen Bic Association Trevor Geldard Tom Ashley Terry Nicholas Sir StephenTindall Sir RussellCoutts Sir ColinGiltrap Sam Meech Rod Davis Rex Sellers Ralph Roberts Polly Powrie Peter Montgomery Peter Burling Neville Crichton Molly Meech Matteo deNora Martin Foster Leslie Egnot Kevin Shoebridge John Street John Faire John Cutler Joe Butterfield Jo Aleh Jim Park Jan Shearer Janet Watkins Jan Dawson Hal Wagstaff Grant Dalton Grant Beck Earl Wells Don Cowie Derry Godbert Dean Barker Craig Monk Chris Bouzaid Bruce Kendall Blair Tuke Barbara Kendall Alexandra Maloney Adrienne Greenwood Aaron McIntosh LIFE MEMBERS William Whitiszkie William Tony Kendall Tony Brown Tony Beckett Russell Green Russell Evans Ross May Rodger Kerr-Newell Rob Herries Richard Brabant Peter Hay Patrick Millar Neil Gibbons Malcolm Pollard Lynton Bates Joyce Talbot John Parrish Jerry Payne Jack Lloyd Ian Cook Ian Clouston Harry Dodson Graeme Robinson Graeme Kendall Gary Wagstaff Henshaw Ernest Eric Mahoney Edward Goodwin Douglas Reid Doug Elder Des Brennan Deric Woodhead David Abercrombie Colette Kraus Cecil Hood Charles Webley Brian Smith Bob Thomson Bill Frater Arthur Stewart Andrew Knowles Alan Bannatyne PERSONAL MEMBERS Youthtown YMCA Shakespeare Lodge Westlake GirlsHighSchool Wellington Youth SailingTrust Wanganui Collegiate SchoolSailingClub Yachting Academy Tup Radford Intercollegiate TS Talisman SeaCadets The ScoutAssociationofNewZealand Sail AucklandRegatta Sailability Whanganui Sailability Wellington Trust Sailability Taranaki Sailability NorthlandTrust Sailability Auckland R. Tucker ThompsonSailTraining Trust RNZ Coastguard BoatingEducation YouthRavensbourne Yachting Trust Otago SailingDevelopmentTrust NZ Trailer Yacht Association NZ SchoolsWaterwise Inc Macleans CollegeSailingAcademy Kerikeri HighSchoolSailingAcademy Order oftheBlueGavel International Firebug Yachts Cruising &NavigationAssociationofNZ Blind SailingNZ Bay ofPlentySailingAcademyTrust Bay ofPlentyDisabledSailingTrust Auckland AnniversaryRegatta MARITIME MEMBERS NON-COMMERCIAL Seawise BoatingEducationLtd Sailing Away SchoolofSailing Penny WhitingSailingSchool Oceania MedicalLtd Monkey’s FistYachting Academy Learn2Sail KORE Limited Jack Tar SailingCo. Gulfwind SailingAcademy Great EscapeYacht Charters Elements Watersports Bay ofIslandsSailingSchool 2 MileBaySailingCentre MARITIME MEMBERS COMMERCIAL MEMBERS
09 | YNZ 10 | YNZ in the Laser Radial and 420 as a youth in theLaserRadial and420asayouth ambassador forsailing,rightfrom herdays end oflastyear. Pollyhasbeenafantastic Powrie retired from Olympicsailingatthe Of course,two-timeOlympicmedallist Polly of the2017NZLSailingTeam. 12 whocompetedinRioare members particularly gratifyingisthefact11of success inTokyo in2020.What has been The challengenowistobuildonour science teamandYachting NewZealand. Fanstone, thecoaches,sailors,sports by formerhighperformancedirector Jez amazing culture developedovereightyears At theheartofthatsuccesswasan particularly adifficult venuelikeRio. is anoutstandingresult atanOlympics, inside thetop10oftheirclasseswhich On topofthat,allsevencrews finished a campaignallKiwiscouldfeelproud of. Zealander towinaLasermedal,itwas achievement inbecomingthefirstNew in theirfirstOlympicsandSamMeech’s result forAlexMaloneyandMollyMeech Polly Powrietosecure silvertotheamazing outstanding comebackfrom JoAlehand Burling andBlairTuke’s dominance andthe was anamazingachievement.From Peter equalling fourOlympicmedals,which The highlightwaswinningarecord- yachting inNewZealand. an incredibleyearfor stage andithasbeen succeed ontheworld than toseeourathletes performance programme satisfying forahigh There’s nothingmore
neely ian acting highperformance manager
to fourwhocan really pusheach other focus onsmallersquadsofabout two created depth,weare movingtoagreater campaigns doingwell.Nowwehave cycles centred around supporting individual Our programmes overthelasttwoOlympic for membersoftheNZLSailingTeam. is developingalayeroftrainingpartners medallists andcriticaltothatsuccess of worldchampionshipandOlympic There’s areal pushtoincrease thenumber more.camp andregatta when wewilllearn to EnoshmiainOctoberforatraining The NZLSailingTeam willbeheading mixture ofwindandwaveconditions. it’s goingtobehotandhaveagood venue inJapanmanytimesandknow different tothelast.We have visitedthe The nextOlympicspromise tobealot them involvedinTokyo. ambitions butitwouldbefantastictohave They haveyettoconfirmtheirOlympic wish themwellfortheVolvo OceanRace. These twoare exceptionalsailorsandwe The exception,ofcourse,isPeterandBlair. in theirOlympiccampaignsagain. to seealotofthemimmersingthemselves the yearcomestoanend,weare starting We havesupported thisapproach and,as experiences, skill-setsandprofessionalism. sailing othertypesofboatstobroaden their involved intheYouth America’s Cuporoff America’s Cup butwealsohadothers Team NewZealand’s successatthe sailors were heavilyinvolvedinEmirates is different toothers.Anumberofour The beginningofthisOlympiccycle Zealand insomecapacity. to herbeinginvolvedwithYachting New London andRio,welookforward by theresults sheachievedwithJoin She isawonderfulsailor, epitomised to theYnglingandthen470withJoAleh.
by thischallenge. that. We’resailors underneath excited Aon FastTrack squadsandalsoyouth shared byourOlympicdevelopment, and Olympictitles,it’s anambition have anexemplarydesire towinworld qualifying event.OurNZLSailingTeam in Aarhus,whichisalsothefirstOlympic is thecombinedworldchampionships performance teamandthepinnacleevent Next yearloomsasabigoneforthehigh to theNZLSailingTeam. of theprogramme from youththrough us toputtheappropriate focusonalllevels manager fulltime.Thisstructure allows into myotherrole astalentdevelopment soon whichwillallowmetoslipback also haveanewhighperformancedirector started asyouthheadcoach.We should programme andMattThomasrecently work hehasdonemanagingthe Stu Thomaswillcontinuetheoutstanding Championships inHouston,Texas, inJuly. events withthe2018Youth SailingWorld but wedon’t havemuchtimebetween That teamwillbeselectedinOctober December willpresent different challenges. Sailing World ChampionshipsinChina was afantasticevent,andthenextYouth Championships inNewZealand,which the 2016AonYouth SailingWorld level. Itwasarare opportunitytohave some exceptionalresults atinternational coming through theyouthranksachieving We haveanumberofexcitingsailors medals ontheworldstage. into theNZLSailingTeam butalsowinning forward tothemnotonlymakingthejump been criticaltothisdepthandwecanlook squad andAonFastTrack programme has by membersoftheOlympicdevelopment medallists inTokyo. Theworkbeingdone and whoare allaimingtobeOlympic
MOLLY MEECH AND ALEX MALONEY (ABOVE) AND JO ALEH AND POLLY POWRIE BOTH WON SILVER AT THE RIO OLYMPICS 2017 NZL SAILING TEAM SAILING ENERGY / WORLD SAILING
49er: Peter Burling and Blair Tuke 49erFX: Alex Maloney and Molly Meech Men’s 470: Paul Snow-Hansen and Daniel Willcox Laser: Sam Meech Finn: Josh Junior Nacra 17: Gemma Jones and Jason Saunders Jo Aleh
OLYMPIC DEVELOPMENT SQUAD
Finn: Andy Maloney Laser: Thomas Saunders 49er: Josh Porebski and Trent Rippey
AON FAST TRACK SQUAD
49er: Logan Dunning Beck and Oscar Gunn 49er: Isaac McHardie and William McKenzie 49er: Markus Somerville and Jack Simpson 49erFX: Erica Dawson and Kate Stewart Laser: Andrew McKenzie, George Gautrey Nacra 17: Olivia Mackay and Micah Wilkinson 12 | YNZ it doesn’t meanwesitback and think and isareally goodmantratofollowbut on thewaterforliferesonates withclubs pillars ofaccess,enjoymentand success and refine ratherthanrevamp. Thethree Zealand’s strategy, which isarefresh We recently reviewed Yachting New to clubsthrough ourmemberservices. It’s justoneofthethingsweare offering New Zealandwebsite. canfindoutmore onthe Yachtingjourney modulesorstartingtheir the learning Anyone interested more inlearning about and coachingpathways. more peoplefollowingtheracingofficials of peopleand,hopefully, translatesinto this opentheopportunityforthousands even beintheirowntown.We willsee course withfacilitatorswhomaynot without theneedtoattendaweekend thebasics Anyone canstarttolearn environment. learning intheir owntimeandintheir learning from alloverNewZealandcanstarttheir for anyonetobeinvolved.Itmeanspeople modules onlinesoit’s neverbeen easier We nowhavecoachingandraceofficial From ourperspective,it’s agame-changer. rolled out. which wasrecently online learningsystem significant istheEmbark and oneofthemost Yachting NewZealand things happeningat There are a lot ofexciting
clouston andrew Chief Operating Officer operator safetysystem,or on forsometimehasbeenthemaritime One bigproject wehavebeenworking Northland RegionalPlan. anchorages undertheproposed on pestmanagementandprotecting to submissionsonsafetybylawsandwork consent applicationfortheirclubrebuild Queen CharlotteYacht Club’s resource to ensure sensiblepoliciesandsupporting on theMarlborough Environment Plan around advocacy, from submitting We’ve donealotofsignificantwork to supportthem. what wedoforclubsandhowbest officer programme sowecanrefine is areview oftheregional support everything isperfect.Alignedtothat the race last visited Auckland in 2015, the racelastvisited Aucklandin2015, Race willbeintownearlynextyear. When for thethree weekswhentheVolvo Ocean operation onAuckland’s viaductharbour Sailing… HaveaGo!trailerwillbe in summer, especiallyconsideringaVolvo We canexpectevengreater numbersthis to domore sailing. and mostwentawaysayingtheywanted children tookpartintheprogramme of participationnumbers.Nearly3600 and lastsummerwasthebestinterms programme hasplayed aleadingrole to that.TheVolvo Sailing…HaveaGo! New Zealand’s successwillonlyadd in juniormembershipsandEmiratesTeam Many clubswillhavenoticedanupsurge details ofhowtogothrough theprocess. progress, wewillbecontactingclubswith a lotofhassleandmoneyand,aswe thatinplace, it’sWith goingtosaveclubs to beexemptfrom enteringunderMOSS. Zealand andhaveasystemsetupforclubs almost overthelinewithMaritimeNew MOSS
. We are
build thestrength ofoursport. such astheraceofficials committeehelp serve thesailors.Theefforts ofcommittees officials sooursporthasenoughofficials to officials willspendtimementoringnewrace club inthecountry. It’s thenexpectedthose one qualifiedraceofficer andjudgeineach and thecommitteehaveagoalto We currently have197qualified officials, management inNewZealand. the qualityandimprovement ofrace and qualificationofofficials, overseeing works withustoprogress thetraining officiating. Ourraceofficials committee various areas. Onesucharea is race guidance toYachting NewZealandin who sitonourcommitteesandprovide It’s alsoimportantrecognise thevolunteers support officer programme. North fortheirsupportoftheregional programme andNZCTFoundation Zealand fortheVolvo Sailing…Have aGo! the LionFoundationandMaritimeNew acknowledge thesupportofVolvo, to thankaswell.Iwouldlike There are anumberofothersIneed him forhishugecontribution. New ZealandYacht Squadron andthank Reuben wellinhisnewrole attheRoyal 7700 children onhiswatchsowewish season washisfifth.He’s putthrough of thatprogramme andthe2016/17 Reuben Corbettwasinvolvedinthedelivery faces nextyear. optimistic yachtclubswillseesomenew 2500 peopleofallageshadagosowe’re
YACHTING NEW ZEALAND COACHES & RACE OFFICIALS
169 people LEARN attended courses run in Northland (12), KEELBOAT Five people attended TO SAIL Auckland (72), Waikato (16), a keelboat coach course Wellington (25), Nelson (9), COACH in Opua COACH Canterbury (24) and Rarotonga (11)
84 people attended 197 28 people attended three a coaches forum race coach courses The number of RACE COACHES in Northland (13), Auckland (9), held in Auckland (11), Wellington (31), Nelson (7), COACH the Bay of Plenty (12) FORUM qualified race officials Christchurch (10) and and Southland (5) Dunedin (14) in New Zealand
83 people attended 4 race management seminars 40 people came from in Auckland (22), Wellington (20), COACHES around the country RACE Christchurch (17) and Dunedin to attend the coaches CONFERENCE MANAGEMENT (24). 22 people attended the conference in Wellington annual race officers conference in Christchurch.
21 people attended 668 a judge’s level 1 seminar 20 people attended There are now 668 JUDGING in Picton and 21 attended UMPIRES a team’s racing umpire the judge’s forum seminar in Sandspit qualified coaches in Auckland. 2016/2017
NATIONAL CHAMPIONS SAM BULLOCK WON THE OPEN KITE FOILING NATIONAL TITLE SAILING ENERGY / WORLD SAILING
Yachting New Zealand recognises the following sailors as the national champion of each class for the 2016/2017 season. Congratulations to all.
CLASS WINNERS CLASS WINNERS
3.7 John Kennett Open Kites Foil Sam Bullock 420 Robbie McCutcheon & Jono Weston Optimist Seb Menzies A Class David Shaw P Class Tanner Cup Blake McGlashan Elliot 5.9 Craig Satterthwaite, Richard Bearda P Class Tauranga Cup Blake McGlashan & Matt Mitchell Paper Tiger David Shaw Etchells Martin Hill, David Chapman, Al Gair R Class Steve Macintosh & Tony Park & Leoniw Euchorst R.S Feva Eli Liefting & Rose Dickson Finn Karl Purdie Raceboard Bruce Trotter Flying Dutchman Andrew McKee & David Hislop Ross 780 James Sandall Flying Fifteen Matthew Owen & Andrew Reed RS:X Antonio Cozzolino Hansa 303 Paulien Chamberlain SS Teams Sailing Auckland Grammar School Hansa 303 Double Andrew May & Alison Draine Starling Sean Herbert Hansa Liberty Brendan Tourelle Starling Match Racing Jack Frewin Hartley 16 Robin Williams & Crew Sunburst Open Andrew Brown & Cameron Brown IRC Division 1 Viento II, Connel McLaren & Crew Tornado Bill Caunce & Aaron Duncan Javelin Phil McNeill & Craig Gilberd Trailer Yachts Alex Bruce, Andy White & Karen Bruce Jolly Boat Hamish Hall-Smith Womens Keel Boat Melinda Henshaw Laser Open Andrew McKenzie Nationals Laser Radial Josh Armit Y88 Mark Bond & Crew Noelex 22 Tristin Ornsby Youth International Malcom Parker & Crew Noelex 25 Barry Coulam & Peter Millar Match Racing NZMRC Chris Steele & Crew Zephyr Phil Williams OK Dinghy Ben Morrison YNZ | 14 2017 COMMITTEES
AUDIT COMMITTEE OLYMPIC COMMITTEE
Jan Dawson (chair) Jan Dawson (chair) Greg Knowles, John Cobb, Jenny de Lisle Grant Beck, Andrew Knowles, Leslie Egnot, Dave Mackay Ex-officio members: CRUISING INSHORE AND OFFSHORE David Abercrombie, Ian Neely (acting high performance director) RACING COMMITTEE (CIORC)
Magnus Doole (chair) RACE OFFICIALS COMMITTEE Mark Mulcare, Dave Roberts, Simon Hull, John Parrish (chair) Simon Manning, Bob Still Ian Clouston, Wayne Boberg, Tim Short, Ex-officio members: Russell Green, Ross May Andrew Clouston, David Abercrombie, Kelly Mulcahy Ex-offico members: David Abercrombie, Andrew Clouston COMMITTEE FOR SAILORS WITH DISABILITIES
Dave Allerton (chair) Annabelle Tye, Brendan Tourelle, Andrew May, Tim Dempsey, John Andrews, Helena Horswell Ex-officio members: David Abercrombie, Andrew Clouston, Wayne Holdt
RIGHT: A TYPICAL KIWI SCENE; BELOW: SAILABILITY WELLINGTON YNZ
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15 2016 VOLVO YACHTING EXCELLENCE AWARDS
PETER BURLING AND BLAIR TUKE
GEORGE GAUTREY
HRG SAILOR OF THE YEAR Rarely has anyone dominated a class in the way Burling and Tuke have. The pair won every major 49er regatta they sailed in their four-year buildup to the Rio Olympics (a record 28 regattas) and went on to claim Olympic gold in 2016 by 43 points – the biggest winning margin of any sailing class at the Olympics since the modern scoring system was introduced in 1968.
It was little surprise, then, they won the Sir Bernard Fergusson VOLVO YOUNG SAILOR OF THE YEAR Trophy for a record fourth time at the 2016 Volvo Yachting Gautrey is one of this country’s most talented Excellence Awards. They also won in 2013, 2014 and 2015. youth sailors and in 2015 won a silver in the Laser Radial at the ISAF youth Sailing World In the nomination period, they won two 49er world titles and also Championships in Langkawi, Malaysia. He was played key roles for Emirates Team New Zealand in the America’s also 2016 New Zealand Laser Radial champion Cup World Series, with Burling helmsman and Tuke trimmer. at both open and youth level and was selected Off the water, Burling and Tuke both carried the flag at the Rio for the second time in the Yachting NZL Olympics opening ceremony and were also recognised in the New Yachting Trust Youth Team to compete at the Year’s Honours list by being named Members of the Order of New 2016 Aon Youth Sailing World Championships Zealand for services to sailing. in Auckland. YNZ | 16 ELI LIEFTING AND ROSE DICKSON
NESPRESSO COACH THE YEAR YACHTING NEW ZEALAND David Slyfield PERFORMANCE AWARDS FOR 2016 Alex Maloney and Molly Meech – 49erFX, Silver Rio Olympics 2016 ZHIK OFFICIAL OF THE YEAR David McDiarmid, Matthew Steven, Bradley Collins – John Parrish 18ft skiff, 2nd JJ Giltinan Championships Gemma Jones and Jason Saunders – Nacra 17, 4th Rio Olympics 2016 AON EMERGING TALENT AWARD Jo Aleh and Polly Powrie – Women’s 470, Silver Rio Olympics 2016 Eli Liefting and Rose Dickson (Royal Akarana Yacht Club) Josh Junior – Finn, 7th Olympics 2016 Paul Snow-Hansen and Daniel Willcox – NEW ZEALAND PRESIDENT'S AWARD Men’s 470, 10th Rio Olympics 2016 Tauranga Yacht and Power Boat Club for outstanding achievements Peter Burling and Blair Tuke – 49er, Gold Rio Olympics 2016 sailing programme Phillip Robertson, William Tiller and Stewart Dodson – 1st World Match Racing Tour 2016 YACHTING NEW ZEALAND Rick Dodson, Chris Sharp and Andrew May – SERVICE AWARDS FOR 2016 Sonar class, 4th Rio Paralympics 2016 Ann Hatch – for services to New Plymouth Yacht Club Sam Meech – Laser, Bronze Rio Olympics 2016 Bob Davies – for services to Wanganui Yacht Club Sarah Dunckley – Hansa Liberty class, 1st world championships 2016 Graham Thow and Des Rouse – for services to Northcote Birkenhead Yacht Club YACHTING NEW ZEALAND Jim and Margaret Park – for services to Christchurch Yacht Club YOUTH PERFORMANCE AWARDS FOR 2016 Keith Hay – for services to Mt Pleasant Yacht Club Eli Liefting and Rose Dickson (Royal Akarana Yacht Club) – Leslie Rogerson – for services to Wakatipu Yacht Club RS Feva, 4th RS Feva world championships 2016 and Southland Yachting Association George Gautrey (Muritai Yacht Club / Takapuna Boating Club) – Mark Mulcare – for services to yacht race handicapping Laser Radial, 2nd ISAF Youth Sailing World Championships 2015 Mike Underwood – for services to Waikawa Boating Club Kate and Greta Stewart (Murrays Bay Sailing Club) – 29er girls, 3rd ISAF Youth Sailing World Championships 2016 Sally Garrett – for services to Royal Akarana Yacht Club Jackson Keon and Nick Egnot-Johnson (Murrays Bay Sailing Club) – Spring Chickens Volunteer Group – for services to Lowry Bay Yacht Club 29er class, 2nd ISAF Youth Sailing World Championships 2015 Viki Moore – for services to Naval Point Club Lyttleton Josh Berry and Henry Haslett (Murrays Bay Sailing Club and Wakatere Boating Club) – 420 class, 1st NZ Nationals, 2nd Australian national YACHTING NEW ZEALAND championships, 16th open world championships 2016 Kerensa Jennings and Chelsea Rees (Murrays Bay Sailing Club) – CRUISING AWARDS FOR 2016 420 girls 9th ISAF Youth Sailing World Championships 2015 Simon Willis Robbie McCutcheon (Wakatere Boating Club) – P Class 2016 Tauranga and Tanner Cup winner Tamryn Lindsay and William McKenzie (Murrays Bay Sailing Club) – SL16 class, 3rd ISAF Youth Sailing World Championships 2015 Olivia Mackay (Napier Sailing Club) and Micah Wilkinson (Ngaroto Sailing Club) – Red Bull Foiling Generation world champions 2016
See yachtingnz.org.nz for previous winners in the awards archive. YNZ | 17 18 | YNZ Greg Knowles Board Chairman TOTAL NET ASSETS TOTAL LIABILITIES CURRENT Grants InAdvance Accruals Prepaid AffiiationFees Accounts Payable TOTAL ASSETS TOTAL ASSETS NON-CURRENT Property, Plant&Equipment TOTAL ASSETS CURRENT Investments Prepayments andSundryDebtors Accounts Receivable Cash andBankDeposits TOTAL FUNDS ENTITY Restricted Funds Designated Funds General Funds Intangible Assets–Software LESS CURRENTLIABILITIES NON-CURRENT ASSETS CURRENT ASSETS ENTITY FUNDS AS AT 30 JUNE 2017 FINANCIAL POSITION STATEMENT OF David Abercromibe Chief Executive OE21 2016 2017 2016 NOTE 2017 2016 NOTE 2017 NOTE 2 5,1 450,473 351,912 1,868,010 2,078,233 5 3 55074,030 15,500 6 22383 2,427,499 2,223,833 ,6,1 322,456 1,261,315 1,329,986 2,631,335 ,4,2 3,549,569 796,163 3,343,628 1,926,620 4,345,732 5,270,248 3,821,229 4,902,836 ,4,2 3,549,569 3,343,628 4812 244,221 418,182 618,355 503,715 529,162 590,633 6,1 524,503 367,412 3,5 229,486 235,255 454,416 182,867 11,868 168,817 10,401 072016 2017 $ $ $ $ $ $ $ $ ercainadWief fAst ,6 5,3 224,625 Net changeinfairvalueofavailable-for-salefinancialassets 259,639 PROFIT/ (LOSS) FOR YEAR THE INCOME INVESTMENT OPERATING LOSS BEFORE TOTAL OPERATING EXPENSES 5,6 185,076 28,418 Depreciation andWriteoffofAssets Audit Fee Advocacy Administration 9 TOTAL OPERATING REVENUE Grants, SponsorshipandDonations–Capital Gain onAssetDisposal Affiliation Fees TOTAL FOR YEAR THE INCOME/(LOSS) COMPREHENSIVE Investment Income Talent Development Registrations, HandicapsandSafety 4,860,707 Programmes andTrainingCourses Personnel Other OperatingExpenses Olympic Programme 4,434,753 9 Grants, SponsorshipandDonations–Operating Other Income OTHER COMPREHENSIVEINCOME OPERATING EXPENSES OPERATING REVENUE FOR YEAR ENDED 30 JUNE 2017 COMPREHENSIVE INCOME STATEMENT OF OE21 2016 2017 2016 NOTE 2017 NOTE 11 11 66860 5,837,261 6,658,640 70410 5,884,495 7,064,150 19672 353,481 1,720,594 2,383,181 1,996,732 1,794,433 1,701,472 17867 330,656 1,728,647 2591 $106,232 (205,941) 75,914 (47,234) (276,062) (405,510) 4785 388,428 487,805 459,422 466,822 1948 123,148 129,448 6756 601,688 184,230 627,546 159,238 1,5 11,120 14,150 1,2 16,533 17,026 01130,318 70,121 619 615 6,109 072016 2017 $ $ $ $ $ $ 1,400
19 | YNZ 20 | YNZ Net changeinfairvalueofavailable-for-salefinancialassets CLOSING BALANCE, JUNE 2017 JUNE BALANCE, CLOSING TOTAL LOSS FOR YEAR THE COMPREHENSIVE JULY BALANCE, 2016 OPENING JUNE CLOSING BALANCE, TOTAL FOR YEAR THE INCOME COMPREHENSIVE JULY BALANCE, OPENING Loss fortheyear Profit fortheyear Net changeinfairvalueofavailable-for-salefinancialassets FOR YEAR ENDED 30 JUNE 2017 CHANGES INEQUITY STATEMENT OF 2015 2016 34910$048$3,549,569 $70,408 $3,479,160 RETAINED RETAINED EARNINGS EARNINGS ,7,6 0483,549,569 70,408 3,479,160 3,443,337 40,090 3,403,246 ,0,9 4,2 3,343,628 140,529 3,203,098 2602 7,2 (205,941) 70,121 (276,062) (276,062) 7,1 038 106,232 30,318 75,914 75,914 $ $ $ $ $ $ FAIRVALUE FAIRVALUE RESERVE RESERVE 03830,318 30,318 01170,121 70,121 RESERVES RESERVES (276,062) 75,914 TOTAL TOTAL BALANCE ATBALANCE OF YEAR END Add cashatstartoftheyear Net Increase(Decrease)incashheld ACTIVITIES (OUTFLOW) INVESTING INFLOW FROM CASH NET TO APPLIED WAS CASH PROVIDED FROM WAS CASH (OUTFLOW) OPERATING ACTIVITIES INFLOW FROM CASH NET Payments tosuppliers/employees TO APPLIED WAS CASH PROVIDED FROM WAS CASH Purchase ofInvestments Purchase ofProperty,PlantandEquipment&Software Disposal ofPropertyPlantandEquipment Other Income Investment Income Affiliation fees Grants CASH FLOWSFROMINVESTINGACTIVITIES CASH FLOWSFROMOPERATINGACTIVITIES FOR YEAR ENDED 30 JUNE 2017 CASHFLOWS STATEMENT OF OE21 2016 2017 NOTE ,2,8 1,724,605 (394,619) 1,329,986 1,301,349 5,598,349 6,365,361 ,0,6 5,363,145 330,656 4,384,695 7,909,362 1,901,147 5,402,030 ,4,0 (235,204) 1,544,001 ,3,3 1,329,986 2,631,335 2462 (160,815) (244,652) 2262 (159,415) (242,652) 1012 125,973 34,842 (140,102) (104,550) 2,4 123,148 524,646 129,448 476,737 ,0 1,400 2,000 072016 2017 $ $ $ $
21 | YNZ 22 | YNZ less accumulated depreciationor intangible assets arerecognisedatcost Property, plantandequipment AND INTANGIBLEASSETS PROPERTY, PLANTANDEQUIPMENT Income Statement. their translationarerecognisedin the Foreign exchangedifferencesarisingon foreign exchangeraterulingatthatdate. Balance SheetaretranslatedtoNZDatthe denominated inforeigncurrencythe Monetary assetsandliabilities ruling atthedateoftransaction. translated attheforeignexchangerate Transactions inforeigncurrencyare FOREIGN EXCHANGE income tax. Yachting NewZealandisexemptfrom TAXATION presented inthesefinancialstatements. been consistentlyappliedtoallperiods The accountingpoliciessetoutbelowhave POLICIES SIGNIFICANT ACCOUNTING in NZdollars. These financialstatementsarepresented PRESENTATION CURRENCY are statedattheirfairvalue. investments classifiedasavailable-for-sale on thehistoricalcostbasisexceptthat The financialstatementsareprepared allowed havebeenadopted. not large.Allavailablereportingexemptions as itisnotpubliclyaccountableand accordance withPBEStandardsRDR The entityiseligibletoreportin Standards ReducedDisclosureRegime. (NZ GAAP)andPublicBenefitEntity Generally AcceptedAccountingPractice prepared inaccordancewithNewZealand The financialstatementshavebeen AND BASIS OF MEASUREMENT STATEMENT OF COMPLIANCE in NewZealand. National SportsOrganisationforYachting Incorporated SocietiesAct1908andisthe incorporated societygovernedbythe Yachting NewZealandIncisan REPORTING ENTITY FOR THE YEAR ENDED JUNE 2017 FINANCIAL STATEMENTS NOTES TOTHE 01 Statement of Accounting Policies ofAccounting Statement
less impairment losses. Accounts Receivable arestatedatcost ACCOUNTS RECEIVABLE equal instalmentsoverthelease term. in thestatementoffinancialperformance in Operating leasepaymentsarerecognised LEASES Statement ofComprehensiveIncome. assets andarerecognisedinthe directly reducethecarryingamountof its recoverableamount.Impairmentlosses the carryingamountofanassetexceeds An impairmentlossisrecognisedwhenever IMPAIRMENT profit andloss. recognised inequityistransferredtothe of thecumulativegainorloss,previously When aninvestmentisdisposed balance sheetdate. Fair valueisthequotedbidpriceat losses, arerecogniseddirectlyinequity. Fair valuechanges,exceptforimpairment subsequently measuredatfairvalue. are recognisedinitiallyatcostand assets. Available-for-salefinancialassets classified asavailable-for-salefinancial Investments inbondsandequitiesare AVAILABLE FORSALEFINANCIALASSETS on acashbasis. on anaccrualbasisanddividends and dividends.Interestisrecognised Investment Incomecomprisesinterest INVESTMENT INCOME re-assessed annually. The residualvalueofassetsis Software Training Boats Trailers Measuring Machine Office Furniture Office Equipment Coaching Equipment Coach Boats economic lives: method, basedonthefollowingestimated has beenchargedusingthestraight-line amortization. Depreciationandamortization 10 years 4-7 years 3-10 years 4 years 5-10 years 3-5 years 10 years 3-10 years GOODS &SERVICESTAX as incomeintheyearreceived. including thoseinkind,arerecognised has nodefinedtermsforexpenditure, Grants andsponsorshipincomewhich of thegrantcontract. these arerecognisedatthecompletion surpluses areavailabletoberetained expenditure incurredineachyear.Where of theincomeismatchedagainst on definedexpenditure,therecognition terms requirethegranttobespent obligations ofthegrants.Where as incomebasedonthecontractual over morethanoneyeararerecognised Government andothergrantsreceived REVENUE financial statements. applicable, intherelevantnotes to the in thenextyeararedisclosed,where significant riskofmaterialadjustments statements andestimateswitha have significanteffectsonthefinancial in theapplicationofNZIFRSthat Judgments madebymanagement on-going basis. assumptions arereviewedonan The estimatesandunderlying differ fromtheseestimates. assets andliabilities.Actualresultsmay the judgmentsaboutcarryingvaluesof results ofwhichformthebasismaking reasonable underthecircumstances, other factorsthatarebelievedtobe on historicalexperienceandvarious and associatedassumptionsarebased income andexpenses.Theestimates reported amountsofassets,liabilities, that affecttheapplicationofpoliciesand judgments, estimatesandassumptions requires managementtomake The preparationofthefinancialreport JUDGMENTS ANDESTIMATES of GST. and payables,whicharestatedinclusive exclusive basis,exceptforreceivables prepared onaGoods&ServicesTax These financialstatementshavebeen All availableforsaleinvestmentsarefinancialassets. TOTAL FUNDS INVESTMENT Cash Property 74,544 Equities Bonds 145,887 1,958,129 1,716,178 TOTAL FUNDS ENTITY St John’sRotaryScholarship Sailing HaveAGo Olympic andHighPerformance FUNDS RESTRICTED Designated Funds General Funds 03 02 Investments Funds Entity 11975$1,122,070 $1,119,795 ,7,3 1,868,010 2,078,233 3,549,569 3,343,628 ,9,8 921,576 1,091,183 2,427,499 2,223,833 9,3 411,632 476,696 396,439 535,979 394,826 361,768 618,355 503,715 529,162 590,633 46258,106 54,632 072016 2017 2016 2017 $ $ $ $ SAILING HAVEAGOFUND and HighPerformanceSailing. used solelyforthepurposesofOlympic activities. Thefundsarerequiredtobe the OlympicandHighPerformance grants anddonationsreceivedtofund Comprises theaccumulatedsurplusfrom PERFORMANCE FUND OLYMPIC ANDHIGH RESTRICTED FUNDS by theBoard. are usedforprojectsasapproved to developthesportofyachtingand Funds thataredesignatedbytheBoard DESIGNATED FUNDS Board foraparticularpurpose. Funds thatarenotdesignatedbythe GENERAL FUNDS world championships. sailors toattendtheiryouthclass purpose ofsupportingyoungtalented Comprises ofdonationsforthe SCHOLARSHIP FUND ST JOHN’SROTARY New Zealandceasestheprogramme. objectives intheeventthatYachting applied inaccordancewiththeDonor’s from thisdonationarerequiredtobe of thisprogramme.Anyunusedfunds be usedinthepromotionandoperation 2009 requiresthattherelatedfunds A specificdonationreceivedinJune through the“SailingHaveaGo”initiative. of developingparticipationinsailing Has beenestablishedforthepurposes
23 | YNZ 24 | YNZ NET CASH INFLOW(OUTFLOW) FROM OPERATING ACTIVITIES INFLOW(OUTFLOW) FROM CASH NET Increase/(Decrease) inAccountspayable (Increase)/Decrease inAccountsreceivable (Increase)/Decrease inPrepayments/SundryDebtors CAPITAL OTHER WORKING IN MOVEMENTS ADD/(LESS) ITEMS Depreciation &Writeoff ITEMS: NON CASH ADD/(LESS) LOSSREPORTED FOR THE YEAR ENDED JUNE 2017 FINANCIAL STATEMENTSCONT. NOTES TOTHE Increase/(Decrease) inPrepaidSubscriptions Increase/(Decrease) inGrantsInAdvance Increase/(Decrease) inAccruals Loss/(Gain onSale)ofPropertyPlant&Equipment Net changeinfairvalueofinvestments 04 RECONCILIATION WITHREPORTEDOPERATINGPROFIT ReconciliationofCashflowwithOperatingprofit
,4,0 (235,204) 1,544,001 ,6,2 (534,343) 1,560,424 2591 106,232 (205,941) 5,1 (107,276) (40,484) 158,416 271,551 224,625 258,503 3,5 (488,588) (10,323) 938,859 173,961 1,2) 299,139 (16,423) 7,2) (30,318) (70,121) 11,868 ,6 112,328 5,769 ,3 (1,400) 1,136 072016 2017 $ $ Opening CarryingValue TOTAL Coach Boats TOTAL Coach Boats Additions ocigEupet 974 767 217 15,797 42,157 47,607 Disposals 14,684 89,764 35,249 46,714 Coaching Equipment 81,963 Coaching Equipment Depreciation andWrite-off Closing CarryingValue fieEupet&Friue118711792,8 13,525 20,088 101,789 8,297 121,877 18,131 99,032 Office Equipment&Furniture 116,183 Office Equipment&Furniture $73,149 havebeenfullyamortisedduringtheyear.(2016:Nil) The usefullifeofthePropertyandPlantincludingOlympicboats, hasbeenreassessedandassetswithabookvalue Trailers Trailers Training Boats Training Boats 05 2016 2017 Property,Plant& Equipment ,9,9 4,2 5,7 142,883 450,471 749,426 137,213 1,199,897 351,912 770,119 1,122,030 7,6 3703 4,5 57,493 247,055 327,013 62,591 574,068 246,631 389,604 636,235 3,2 2561 3,7 50,436 133,179 205,641 45,028 338,820 38,753 161,761 200,513 538 736 ,9 5,632 7,992 67,376 6,613 75,368 13,148 73,008 87,136 COST COST ACCUMULATED ACCUMULATED DEPRECIATION DEPRECIATION 8,0 142,883 185,609 5,1 450,471 351,912 5,7 558,510 450,471 900 34,842 89,050 200 0 (2,000) VALUE VALUE BOOK BOOK 072016 2017 $ $ DEPRECIATION DEPRECIATION EXPENSE EXPENSE
25 | YNZ 26 | YNZ Less than1year Payments undertheleaseareasfollows: subsequent to15December2016. The premisesareleasedunderanoperatinglease,whichexpiresin15December2020andhasabreakclausewith3months’ notice Opening CarryingValue Software Software FOR THE YEAR ENDED JUNE 2017 FINANCIAL STATEMENTSCONT. NOTES TOTHE 1 to5years Depreciation andAmortisation Additions Closing CarryingValue Capital WorkInProgress Capital Commitment–Atbalancedatecommittedto$14,500in relationtothePHRFsystem. The expensefortheyearwas$87,585(2016–$87,618). The intangibleassetshasbeenreassessedandthebookvalue$74,030fullyamortisedduringyear.(2016:$39,921) 07 06 2016 2017 Lease and Capital Commitments LeaseandCapital IntangibleAssets
0,7 2,4 40081,746 74,030 74,030 228,045 0 302,075 267,245 267,245 COST COST AMORTISATION AMORTISATION ACCUMULATED ACCUMULATED 40081,746 74,030 15,500 55074,030 15,500 15,500 192 65,600 21,912 155,776 74,030 192 65,600 21,912 VALUE VALUE BOOK BOOK 072016 2017 072016 2017 – 0 $ $ $ $ EXPENSE EXPENSE AMORTISATION AMORTISATION TOTAL ASSETS Bank TOTAL LIABILITIES TOTAL ASSETS Bank Yachting NewZealandhasacontingentliabilityunderanindemnityforinternationalshippingamountingto2017$35,000.(2016:Nil) TOTAL LIABILITIES Prepaid Subscriptions Liabilities rd n te eevbe 168,817 Trade andotherreceivables 10,401 Trade andotherreceivables Trade andothercreditors Liabilities Trade andothercreditors Investments Investments Grants inadvance Grants inadvance 09 08 2016 2017 Financial InstrumentsClassification Financial ContingentLiabilities RECEIVABLES RECEIVABLES LOANS AND LOANS AND ,9,0 18800 3,366,813 0 1,868,010 1,498,803 4,719,969 2,078,233 2,641,736 1,329,986 2,631,335 – 5,4 551,942 551,942 – – 1,508,438 1,508,438 – – AVAILABLE AVAILABLE ,6,1 1,868,010 1,868,010 2,078,233 2,078,233 FOR SALE FOR SALE AMORTIZED AMORTIZED ,6,1 1,261,315 1,261,315 2,8 229,486 229,486 235,255 235,255 2,5 322,456 322,456 188 11,868 11,868 OTHER OTHER COST COST CARRYING CARRYING 1,329,986 2,631,335 AMOUNT AMOUNT 168,817 10,401 TOTAL TOTAL
27 | YNZ 28 | YNZ KEY MANAGEMENTREMUNERATION $1,696,977 andinOperatingExpensesis$1,676,963. During theyearYachtingNewZealandheldAonYouthWorlds SailingChampionship.IncludedintheOperatingRevenueis Participation SPORT GRANT NZ High PerformanceSportNewZealand CAPITAL DONATIONS AND GRANTS New ZealandCommunityTrust DONATIONSOPERATIONAL AND GRANTS Grants andDonationsrecognizedintheincomestatementsinclude: FOR THE YEAR ENDED JUNE 2017 FINANCIAL STATEMENTSCONT. NOTES TOTHE Management The remunerationpaidtotheindividualswhoaredesignatedas key managementisasfollows: High Performance NZL SailingFoundation(formerlyYachtingTrust) Lion Foundation Lion Foundation not yetbeenmetbyYachtingNewZealand. The Grantsareshownattheamountsrecognizedasincome,excludinggrantsreceivedinadvancewheretermsof have Directors Halberg Trust Pub Charities Far NorthTrust There arenoother relatedpartytransactions. A numberofDirectorsandManagement aremembersofYachtClubsaffiliatedwithYachtingNew Zealand. Infinity Foundation Trillian Trust 12 10 11 Community Trust Grants,DonationsandSportNZ Trust Community Related Party Transactions Aon2016YouthWorldsSailingChampionship Disclosure
UBR21 UBR2016 NUMBER 2017 NUMBER 6236 681,225 5 632,396 6 0 0 8 0 8 $ ,6,4 3,739,068 2,667,044 7,8 264,068 271,182 178,372 213,637 11,768 13,000 86,959 98,421 200 10,000 12,000 500 35,000 35,000 ,5 185,076 3,650 4,348 7,642 072016 2017 5,000 $ FOR THE YEAR ENDED JUNE 2017 AUDITOR’S REPORT
29 | YNZ 30 | YNZ diitainEpne 1229 218 2348 487,805 128,537 293,478 2,108 TOTAL EXPENDITURE 74,146 109,076 192,219 54,391 271,182 Depreciation andWriteOffofAssets Audit Fees Advocacy Administration Expenses Promotion &Communications EXPENDITURE 57,626 43,000 159,555 TOTAL INCOME General Income 22,504 Investment Income 228,182 Gain/Loss onAssetDisposal Registrations, HandicapsandSafety Programmes andTrainingCourses Donations andGrants Sponsorship Promotion &Communications Funding FromHighPerformanceSportNZ Funding FromSportNZ Affiliation Fees INCOME FOR THE YEAR ENDED JUNE 2017 DETAIL INCOME STATEMENT aia rnsadDntos24,768 2017 30JUNE BALANCE CLOSING FUND 1JULY BALANCE 2016 FUND OPENING MOVEMENT NET of AvailableforSaleInvestments Net ChangeinFairValue Capital GrantsandDonations rgamsadTannCuss 7,3 ,1,1 221 1,996,732 12,281 17,027 1,713,517 26,602 270,934 Registrations, HandicapsandSafety Talent andDevelopment Olympic Programmes andTrainingCourses Governance andCommittees Personnel prtn upu/Dfct 6,9)(577 2709 (304,480) (217,029) (25,757) (61,694) Funds Transfer Operating Surplus/(Deficit) 2017
CLUB SERVICES 14370 19448 33142 6,759,670 3,371,422 1,934,498 1,453,750 15544 19025 35841 7,064,150 3,588,451 1,960,255 1,515,444 2498 1063 425,571 1,070,956 384,658 150,663 505,957 274,908 180,341 466,822 8806 1734 7903 1,794,433 799,013 167,384 828,036 8850 6833 20265 3,549,569 2,032,675 618,353 898,540 5,9 2,6 ,6,6 3,343,628 1,862,067 529,162 952,398 1,5 3,100 129,448 1,488,962 11,050 241,259 78,461 1,214,940 19,938 32,763 31,049 5,5 -911-7,0 -205,941 -170,608 -89,191 53,858 7,3 (74,030) 74,030 6741,9 27170,121 42,771 10,596 16,754 6,109 DEVELOPMENT SPORT – OLYMPIC &TALENT DEVELOPMENT 26704 2,667,044 2,667,044 17142 1,701,472 1,701,472 6756 627,546 627,546 1055 259,641 150,565 406 30,698 4,096 ,5 28,418 3,650 466,822 159,555 14,150 57,626 22,504 17,027 6,109 TOTAL 2017 – – 2016 CLUB SERVICES 15837 1617 41991 5,884,495 4,179,931 116,167 1,588,397 5,775,333 4,215,590 34,419 1,525,324 2828 3390 552,238 264,068 343,940 187,130 305,333 12,068 208,298 252,000 459,422 1843 213 2792 388,428 207,912 2,103 178,413 2751 2,4 600 353,481 1,720,594 224,625 56,000 822,498 100,392 29,940 267,541 898,096 124,233 8236 7623 17477 3,443,337 1,794,767 776,263 872,306 9,4 1,5 ,3,7 3,549,569 2,032,675 618,353 898,540 3,7 220 7,8 123,148 70,587 22,290 30,271 62,112 7,4 414 161,868 84,124 77,744 17,626 8,4 (81,744) 81,744 14,102 11,120 16,533 6,7)(178 569(109,162) 35,659 (81,748) (63,073) 624-5,1 3,0 106,232 237,908 -157,910 26,234 209 6 168 63,788 61,638 61 2,089 1,043 ,6 ,8 71330,318 17,173 5,582 7,563 615 DEVELOPMENT SPORT OLYMPIC &TALENT DEVELOPMENT 37908 3,739,068 3,739,068 23311 2,383,181 2,383,181 6168 601,688 601,688 8,7 185,076 185,076 820 22,362 8,260 37 1,400 357 187,130 305,333 459,422 62,112 17,626 11,120 16,533 TOTAL 2016 615 – St John’sRotaryScholarship. includes RestrictedFundsforthe The OlympicandTalentDevelopment Restricted Fundsof$361,765. General Fundsof$590,633and balances forClubServicescomprises Note: has notbeenaudited. This pageofthefinancialstatements ReferNote2.TheClosingFund
31 | YNZ 2016 AON YOUTH SAILING WORLD CHAMPIONSHIPS ©GEORGIA SCHOFIELD/SAILING ENERGY/WORLD SAILING OUR PARTNERS
OUR SPONSORS 4 Fred Thomas Drive, Takapuna, Auckland 0622 PO Box 33 1487, Takapuna, Auckland 0740 TEL 09 361 1471 | FAX 09 360 2246 [email protected] yachtingnz.org.nz