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2017 Annual Report 2.

Variety - the Children’s Charity Annual Report 2017

Variety gives disadvantaged Kiwi kids the childhood they deserve and the opportunities to reach their full potential. 3.

Variety - the Children’s Charity Annual Report 2017

Contents

Who we are How we help Financial performance 2. Our vision 6. Our programmes 18. Governance 4. From our CEO 8. Kiwi Kid Sponsorship 19. Financial review 5. From our President 10. Bikes for Kids 23. Special thanks 12. Gold Heart Scholarships 14. Laptops for Learning 15. Kiwi Next Generation 16. Highlights 4.

Variety - the Children’s Charity Annual Report 2017 From our CEO Every child deserves opportunities to achieve their potential. This year, Variety continued to give support to thousands of Kiwi kids from disadvantaged backgrounds, changing their lives for the better.

Five years ago, we considered We’re equally proud of our other that, our Kiwi Kid Sponsorship how best we could support New programmes, all of which focus programme has an astounding Zealand’s children and made on children who are financially attrition rate of less than 1 per cent an informed decision to focus or physically challenged. Our per month, reflecting its immense on those living in deprivation. extraordinary Gold Heart Scholars value to sponsors as well as Since then, our decision has continue to amaze and inspire children. been validated again and again. us with their sports, arts and Thousands of families in New academic achievements. Hundreds This is a time of struggle for Zealand are struggling, and of Kiwi kids now have their very thousands of Kiwi kids, but with Variety’s support makes a critical own bike, thanks to our Bikes Variety’s help, their paths are difference for their children. for Kids programme. And we easier, their options are greater, distributed digital devices and and their dreams can become a Now with over 3,200 children mobility equipment to children reality. We are doing the most sponsored through Kiwi Kid throughout the country. important work that can be done Sponsorship, we conducted our for Kiwi kids today. With your help, first programme impact review Variety is the hub of a community we are making a big difference. in 2017. We asked parents and of people and organisations children to speak frankly and that care about New Zealand’s anonymously about how they felt youngest citizens. Our generous the sponsorship had changed corporate partners, including The their lives. Warehouse, SKYCITY, Johnson & Johnson, Ford New Zealand and The results were overwhelming: CMC Markets, provide essential funds, fundraising opportunities, 1. The Kiwi Kid Sponsorship goods-in-kind and expertise that programme is a unique offering allow us to do our jobs, and do which helps to improve family them well. dynamics and reduces financial stress, Volunteers are part of Variety’s DNA and we are enormously 2. Children feel more socially privileged to work with a Board included, which directly of Directors that are passionate, Lorraine Taylor impacts their confidence and driven, inspirational and Chief Executive self-esteem, committed to improving the lives of disadvantaged New Zealand 3. Children attended school more, children. Our Friends of Variety were more engaged with their committee has raised tens of learning and were healthier. thousands of dollars to support our programmes and we are indebted Kiwi Kid Sponsorship is about to the members and former Chair, much more than $45 per month. Bev Roberts, for their drive and It’s a programme that bridges enthusiasm for our cause. social boundaries and connects Kiwis to each other. It inspires Perhaps most importantly, thanks children from both families to want to the support of our individual to become adults who give back. supporters and corporate partners, And it provides vital support for we exceeded $2.3million in grant children to participate and follow giving and programme delivery, their dreams. a record for Variety. On top of 5.

Variety - the Children’s Charity Annual Report 2017 From our President Thanks to the efforts of our team and our incredibly generous supporters, Variety has increased the amount of distributed grants to a record $2.3million in the current financial year.

This reflects our focus on supporters to play a pivotal appointed three new directors, delivering programmes that role in addressing the needs of Pejman Okhovat, Emma Priest make a tangible difference to the New Zealand’s disadvantaged and Daniel Phillips, who bring a lives of disadvantaged Kiwi kids. children; wealth of experience and skill to On behalf of our Board, and the the Board. Variety International children whose lives have been • Commissioning a social impact once again recognised our Kiwi positively impacted through study to help us assess and Kid Sponsorship programme Variety, I would like to express validate the way that Kiwi Kid with a Future Programme Award, my sincere appreciation to all our Sponsorship changes the lives and former Friends of Variety supporters who have made this of sponsored children and Chair, Bev Roberts, received a possible. their parents. Sponsors that Presidential Citation. are committed to the well- This year has been another year being of our future generations This year’s results, against the of investment, utilising reserves increasingly want to ensure backdrop of an increasingly to build capacity and developing that their funds are creating challenging fundraising programmes to attract and retain the desired outcomes. The environment, are a wonderful new supporters. Specific initiatives results from our study have tribute to the efforts of our included: overwhelmingly confirmed the team who work so hard to give positive benefits for sponsored disadvantaged Kiwi kids the • Embedding our enterprise children and their families, childhood they deserve. On behalf management system, HeartLink, including improved family of the Board, our sincere thanks giving us the capacity to grow dynamics, reduction in stress, to Lorraine and her team for their our flagship Kiwi Kid Sponsorship greater social inclusion, higher outstanding efforts, and again programme. The number of self-esteem, improved health to all our supporters whose help kids sponsored increased and better learning outcomes. and generosity helps brighten the to more than 3,200 at year- futures of our Kiwi kids. end. With close to 300,000 The problem of child poverty is Kiwi kids living in poverty, our multi-dimensional and cannot ambition is to make a meaningful be solved by any one agency. It contribution to eradicating can however be solved through this unacceptable situation by increasing awareness and continuing to significantly grow collaboration between privately- Richard Spilg this programme; funded charities, such as Variety, President and local and government-funded • Developing programmes initiatives. We have already seen to complement Kiwi Kid the benefit of our collaboration with Sponsorship in order to the Salvation Army in the delivery attract new supporters whose of the Kiwi Next Generation contributions will assist with initiative. One of our key objectives the critically important task of is to continue to develop effective capacity building. Our Hero for partnerships to provide more Kids programme was launched to comprehensive sets of solutions. attract a younger demographic who may not yet be in a position I would like to express my to sponsor a Kiwi kid but want to gratitude to former directors, commit to regular contributions. Deborah Fox and Mark Vella, for Our Variety Guardian programme their contribution to the Board aims to bring together a small during their terms. At this year’s group of our most committed Annual General Meeting, we 6.

Variety - the Children’s Charity Annual Report 2017 Our Programmes $2,310,000 + in grant giving and programme delivery $3,900,000 revenue generated this year, including $898,000 goods and services in kind support 56% increase in revenue from 2012 7.

Variety - the Children’s Charity Annual Report 2017

4975 CHILDREN supported by Variety this year 67% of all Kiwi Kid Sponsorship claims were for essentials such as clothing, shoes and bedding 247 SCHOOL TRIPS and camps made possible through Kiwi Kid Sponsorship $1,092,000 distributed through Kiwi Kid Sponsorship 8.

Variety - the Children’s Charity Annual Report 2017

Kiwi Kid Sponsorship 9.

Variety - the Children’s Charity Annual Report 2017

The Kiwi Kid Sponsorship Precious’ mum, Sueanna opportunity to do important things programme is now entering its “Now I can get Precious her like swimming lessons, have a fifth year. Today, 3,268 children prescription and we’ve noticed her school uniform or a winter coat. are sponsored through the skin getting much better, thankfully programme. I got her cotton t-shirts and pants “I have three children. Sponsorship too! It’s a relief knowing my girl isn’t is a valuable lesson for them, that From October 2016 to September in pain anymore.” helping those in need is important. 2017, Variety distributed $1.092 It also helps them realise how lucky million through 5,817 claims to Rachel, a sponsor they are having a warm house, disadvantaged children. “I was really happy when Variety warm clothes and lunch every day started doing Kiwi Kid Sponsorship as some children in New Zealand 8-year-old Precious suffers from in 2013. I had always wanted to sadly don’t.” eczema and needed clothing and sponsor a child, but wanted it to bedding that wouldn’t irritate her be a Kiwi kid as I knew that were skin along with medication to lots of Kiwi kids that needed help. treat it. We love that we are providing the

Evidence of the impact of the Kiwi Kid Sponsorship programme

In September, Variety received the inclusion, education, family 3. Kiwi Kid Sponsorship results of an independent review dynamics and health. Parents is a unique offering we commissioned into the social see support from the Kiwi Kid impact of the Kiwi Kid Sponsorship Sponsorship programme critical The Kiwi Kid Sponsorship programme. to providing their children with programme fills a unique gap in the opportunities they need the sector by providing practical The project collected and analysed to thrive. support to families that they evidence from a sample of 529 cannot access elsewhere. This is parents and 529 children who 2. Social inclusion and family a strong argument for continued participate in the programme and dynamics outcomes were growth of the programme. has allowed us to develop a long- experienced most frequently term roadmap for measuring the 4. The programme has a social return on investment. Almost all children reported significant impact on being more socially included parents, which in turn The report established four key and experiencing better family impacts the wellbeing of the conclusions. relationships as a result of child/children sponsorship. Since educational 1. Kiwi Kid Sponsorship has a outcomes are a priority of the Children are acutely aware of significant impact on the lives programme, Variety will use the the financial pressures their of children and families it findings to make appropriate parents/carers face, and they supports adjustments. also experience relief when some of these pressures are The impact on the programme alleviated. participants has been significant across outcome domains: social 10.

Variety - the Children’s Charity Annual Report 2017

Bikes for Kids 11.

Variety - the Children’s Charity Annual Report 2017

During the 2017 financial year, “Even for pupils who have a Dimension Data wanted to Variety facilitated the donation bike, riding on the roads near combine this passion for cycling of 50 bikes to Pt England the school is dangerous. Now with a desire to support the School to celebrate the official they have a safe space to learn development and growth of opening of their 400m state-of- and to develop themselves as children in the New Zealand the-art bike track. cyclists.” community.

“Most of our kids do not have In 2017 Dimension Data their own bike at home and committed to funding up to they’re incredibly excited 250 bikes and helmets. As the about the track and their new official technology partner wheels,” said Pt. England School of the world’s leading cycling principal, Russell Burt. event, the Tour de France, 12.

Variety - the Children’s Charity Annual Report 2017 13.

Variety - the Children’s Charity Annual Report 2017

Gold Heart Scholarships

The Variety Gold Heart Levi’s primary school principal Beth, 15, from Auckland was Scholarship programme is approached Variety on his behalf, awarded a scholarship for her designed to foster success as he has an incredible work ethic dedication to softball and baseball. for disadvantaged children by and is achieving great results. Beth funds as much of her own providing them with funding The scholarship will support costs as she can, however the and the opportunity to succeed, the 13–year-old Northland boy’s scholarship will pay her club fees, despite their circumstances. boarding school costs. uniform and tournament fees, Sponsored again this year by CMC to represent New Zealand. Markets, each recipient receives Training on average 16 hours a up to $5,000. week on top of school, Chelsey, Henare, 15, from Kaitaia was a 15-year-old from Wellington was awarded a scholarship for his awarded a scholarship for her dedication to swimming. To follow dedication to swimming. The funds his dreams, Henare moved to 2017 Gold Heart enabled her to attend the Junior Auckland to live with his uncle Scholarship recipients: Commonwealth Games in July. and take advantage of better swimming facilities. Henare’s Despite her dyslexia, Ella was 15-year-old Christchurch dancer, scholarship will help pay for his selected as one of 24 students Emily, is using her scholarship to swimming fees, national meets out of 5000 to join the prestigious travel to the Gold Coast in January and equipment. Shakespeare Globe Centre NZ 2018 to compete in Showcase. Young Shakespeare Company in 2017. 18-year-old soccer player, Grace, from Auckland has two training Talented Tyron, a 15-year-old camps with the Football Ferns from Auckland, was awarded a under 20s team coming up. The scholarship for his dedication scholarship will help pay for to swimming. Swimming over Grace’s training, competition 40,000m per week all year round, costs and travel, along with new the funds will enable him to equipment. compete in the NZ Short Course Champs, NZ Age Group Champs and the Australian Age Group Champs in 2018. 14.

Variety - the Children’s Charity Annual Report 2017

Laptops for Learning

This year, through our programme, Kelvin said: “My teacher sent me Laptops for Learning, we have my schoolwork so I can do it at presented laptops to children the same time as my class.” in low-decile schools across New Zealand. The impact of this Kelvin’s mum, Bindu, said: programme is such that children “Thank you for this precious gift can keep up with an increasingly which keeps Kelvin connected and digital curriculum and even take progressing.” the devices home to continue learning with their families.

8-year-old Kelvin received an iPad to continue his school work while he recovered from a hip operation relating to his condition, cerebral palsy. 15.

Variety - the Children’s Charity Kiwi Next Annual Report 2017 Generation

Through partnership with the Salvation Army, Variety has continued to invest in Kiwi Next Generation which has, to date, provided over 500 teens with the wrap-around support required to reach their education goals. Intervention is already showing results, with more teens graduating with NCEA level 1 or 2 as had previously. As well as mentoring to help overcome barriers to success, the programme provides daily breakfasts, a shared meal once a week, healthcare packs, funding for doctor and dentist visits and incentives when they graduate. This two-year pilot concludes in April 2018.

Next Generation student, Jordyn: “Getting my employment skills certificate is helping me with my goal of becoming an early child- hood teacher. I love working with young children because they’re so creative. It’s unrestrained when they are young and as an early childhood teacher you can run with that and develop it.”

Jordyn’s mentor, Warren Baillie: “Jordyn left high school with no qualifications. Over her time on the course, she attended and persevered with completing her unit standards until her goal was achieved. From my observation of Jordyn on the course, I believe she has the personality, drive and ability to be a fantastic early childhood teacher.” 16.

Variety - the Children’s Charity Annual Report 2017

Highlights

The Warehouse and tears. You’ve brought a real The sponsored children are now Christmas spirit into our home receiving exactly what they need Variety bring joy to giving more than I can for my – whether that be clothing, school families at Christmas wonderful boys. I am so grateful stationery, tuition, shoes, warm for all of your work to bring all bedding, a school uniform, or the In December 2016, The this help to us throughout the chance to participate with their Warehouse, partnering with year. Thank you so much! Merry peers on school camps or Saturday a number of their suppliers, Christmas to all who made this morning sport. including: Hasbro, Cadbury, possible and may the New Year Arnott’s, Carousel, Tic Tac, New bring you much joy.” All Blacks spruce up Zealand Post, Orora, and Value Add, gifted 1700 Christmas Gift Mangere school Boxes full of goodies to every Ports of Auckland family on the Kiwi Kid Sponsorship Round the Bays A Variety partner of 27 years, Ford programme, along with those on NZ used its Global Caring Month the waitlist. Variety was chosen as one of three and its relationship with the All official charities for the 2017 Ports Blacks to make an impact at a low The initiative was launched at Pt of Auckland Round The Bays event decile Auckland school. England School in Auckland with a in March. The owner of the event, party for 26 families on the Variety Fairfax Media, places great value Ford volunteers spent the day Kiwi Kid Sponsorship programme. in giving back to charitable causes at Kingsford Primary School in It was a chance for families to that focus on the health, wellbeing Mangere fixing up a garden and receive their boxes in person, and development of children. arranged some extra muscle enjoy a festive lunch and have $20,000 was raised to sponsor 20 for the working bee with a few loads of fun with their kids. disadvantaged children living in surprise visitors: All Blacks Sam South Auckland for two years. This Whitelock, Wyatt Crockett, Liam One parent wrote: support is being offered as part Squire, and Waisake Naholo. “Thank you so much for our of Variety’s Kiwi Kid Sponsorship As well as creating a wonderful Christmas gift. I am moved to programme. communal space at Kingsford 17.

Variety - the Children’s Charity Annual Report 2017

Primary School, taking the All With thanks to: The Warehouse team got right Blacks there created memories the Principal sponsor: behind the promotion. On top of kids will treasure. SKYCITY Auckland the money raised, the staff at each store are now sponsoring a Kiwi SKYCITY Variety of Associate sponsors: Ford New kid in their own community. Zealand and Singapore Airlines; Chefs raises $85,000 New Zealand Children’s This successful campaign was Commissioner: Judge Andrew also supported by a number of More than $85,000 was raised Becroft; generous prize donors: through SKYCITY Variety of MCs: Toni Street and Peter Williams; • Ford NZ Chefs. The dinner was held in Host: Annabelle White; • Hasbro August and was attended by more Auctioneer: Brett Trigger • SKYCITY Auckland than 300 people who enjoyed • 2degrees incredible food, a fantastic array • Groupon of local wines and craft beer, and Record funds raised • AvantiPlus entertainment by Tamashii Taiko through The Warehouse • Hoyts Drummers. Scratch & Win campaign • Resene • AJ Hackett Bungy New Zealand Meals were designed and prepared The annual winter campaign run • Vivo Salon by executive chef Nic Watt of by The Warehouse for Variety was SKYCITY’s MASU and Jarrod Di the most successful yet. During Blasi of Melbourne’s EZARD. August and September a record $370,000 was raised over the counter at The Warehouse. It was one of the largest amounts ever raised by The Warehouse in an in-store promotion.

18.

Variety - the Children’s Charity Annual Report 2017

Governance

Variety – the Children’s Charity is an Incorporated Society and is registered as a charity with the New Zealand IRD and Charities Services (CC24039) and is able to receive tax-deductible donations.

The Variety Board acts in These include: 5. Over time it is expected that the interests of Variety New 1. Establishing the investments to the portfolio value will exceed Zealand – its members, donors ensure sufficient liquidity and inflation growth by 4% per and employees, those seeking return to meet the requirement annum. assistance from Variety and the for periodic distributions to wider community. The Board at all support the stated objectives. The Board functions include: times recognises the trust placed • Reviewing and approving annual in it and endeavours to meet the 2. Variety New Zealand expects budgets, strategic and financial needs of its stakeholders. that, at the Board’s discretion, plans portfolio assets may be used • Providing adequate supervision for distributions approximately and support to the CEO Board Structure: twice every 10 years, at those The Variety Board is elected by times when annual donations are • Ensuring financial solvency of the Variety members to represent insufficient to provide continuity organisation their interests, act in accordance of support for its vision and • Interpreting and representing with the Variety New Zealand purpose. the needs and concerns of the Constitution and uphold the community Charter of Variety International. 3. Maintaining an appropriate asset • Ensuring effective management The Board is in place to provide allocation that has regard to the processes are in place policy leadership and supervise agreed but flexible spending operations. policy, while having the potential • Monitoring risk to replenish the fund in years • Instituting a fair system of Variety Future Kiwi Kids Fund: when no distributions are policies and procedures for Variety’s investment policy is required and, if possible, to human resource management set by the Board, implemented produce capital growth in the • Overseeing Health and Safety by our investment partner, JB long term to provide higher management Were, with oversight provided levels of support. by the Finance and Investment Directors accomplish their Committee. The objectives of the 4. The portfolio strategy seeks functions through monthly portfolio have been established to maximise return within meetings, and through the in conjunction with a review of reasonable and prudent levels committee structure – Finance & current and projected distribution of risk consistent with these Investment and Grant Audit. requirements of Variety New investment objectives. Zealand. 19.

Variety - the Children’s Charity Annual Report 2017

Financial Review

The results the growing needs of today’s work has seen clearer and more 2017 has been a year of Kiwi kids while increasing succinct messaging; and the change. Investment in Variety’s organisational capabilities to impact measurement project infrastructure has set us up to more efficiently assist children has demonstrated the value of meet future challenges with and their families. This resulted in Variety Kiwi Kid Sponsorship while operational efficiency and has a deficit of $457,000 for the year identifying opportunities for future provided increased scalability, (a breakeven result is forecast for development. putting Variety in a position to FY18 with a return to surplus in grow sustainably. FY19). We said farewell this year to our association with the Bash, a move Grant giving and programme Supporting our Kiwi kids that is in keeping with our strategy delivery exceeded $2million once Child poverty continues to be to move from a reliance on event- again – with a record $2.311million, an issue of prime importance in based fundraising. This adversely an increase of 6% on the strong the minds of New Zealanders, impacted our income compared performance last year. Grant and and Variety has focused its grant with last year by $180,000 but was programme delivery costs were programme accordingly. more than counterbalanced by the 76% of total income; up from 71% growth of Kiwi Kid Sponsorship by in the prior year. This year 89% of our funding income of $370,000. was targeted to provide Kiwi Income continues to exceed kids living in deprivation with the $3million, on par with prior year, basic essentials and opportunities Growth over five years and an operating surplus of that they need through Kiwi Kid Looking at a five-year snapshot, $1.853million was realised – an Sponsorship. revenue is up 56% over FY12, increase of 4% on financial year expenses are up 45% and grants 2016 (FY16). The generous Our year in review approved are up a phenomenal donation of Christmas gifts for FY16 saw investment in three key 163%. The composition of Kiwi kids from The Warehouse areas: infrastructure, brand and Variety’s income streams has offset costs related to impact measurement. seen a huge shift in recent years. infrastructure implementation In 2011 income from individuals and one-off investment projects. The infrastructure project has comprised just 8% of our total enabled simpler and more income - that figure rose to 65% Variety’s Future Kiwi Kids Fund effective engagement with our in FY16. is in place to smooth grant families, referrers and supporters, giving from year to year. In FY17 while improving business reserves were utilised to meet processes. Brand development 20.

Variety - the Children’s Charity Annual Report 2017

Statement of comprehensive revenue and expenses

For the year ended 2017 2016 30 September 2017 ($NZD) ($NZD)

Donations 354,637 485,498

Donations to Kiwi Kid Sponsorship programme 1,773,542 1,374,172

Memberships 2,622 3,422

Interest and investment income received 50,106 67,613

Unrealised investment gains 75,562 36,815

Fundraising income 771,788 1,121,722

Total operating revenue 3,028,257 3,089,242

Depreciation 126,150 37,793

Fundraising expenses 583,401 643,528

Rent and outgoings 126,464 92,291

Salaries 603,242 488,520

Other operating expenses 100,687 52,008

Total operating expenses 1,539,943 1,314,140

In kind revenue 898,030 823,060

In kind expenses 533,130 823,060

Operating surplus available for distributions 1,853,213 1,775,102

Grants approved 1,946,308 2,182,421

In kind grants distribution 364,900 -

Total grants 2,311,208 2,182,421

Net surplus/(deficit) for the year (457,995) (407,319)

Total comprehensive revenue and expense for the year (457,995) (407,319)

Net deficit allocated (457,995) (407,319) 21.

Variety - the Children’s Charity Annual Report 2017

Statement of Statement of financial position movements in equity

Retained Future Total As at 2017 2016 earnings Kiwi Kids equity 30 September 2017 ($NZD) ($NZD) ($NZD) ($NZD) ($NZD)

Assets Balance at 1 October 2015 1,418,229 1,125,000 2,543,229 Cash at bank 396,214 778,996 Investments 1,430,367 1,606,932 Surplus/(deficit) for the period (407,319) - (407,319) Receivables and prepayments 187,419 68,288 Other comprehensive revenue - - - Accrued revenue 274,266 311,456 and expense Total current assets 2,288,267 2,765,672 Balance at 30 September 2016 1,010,910 1,125,000 2,135,910

Fixed assets 397,499 329,481 Total non-current assets 397,499 329,481 Balance at 1 October 2016 1,010,910 1,125,000 2,135,910

Total assets 2,685,765 3,095,154 Surplus/(deficit) for the period (457,995) - (457,995) Other comprehensive revenue - - - Liabilities and expense Accounts payables and accruals 349,646 238,861 Grants approved but not yet paid 615,598 677,457 Balance at 30 September 2017 552,916 1,125,000 1,677,916 Revenue in advance 42,606 42,925 Total current liabilities 1,007,850 959,244

Total liabilities 1,007,850 959,244

Net assets 1,677,915 2,135,910

Equity Retained earnings 552,916 1,010,910 Future Kiwi Kids 1,125,000 1,125,000 Total equity 1,677,916 2,135,910

Independent auditor’s report on the summary financial statements

To the Directors of Variety - the Children’s the summary financial statements, Auditor’s responsibility Charity Incorporated therefore, is not a substitute for reading the Our responsibility is to express an opinion The accompanying summary financial audited financial statements of Variety - the on the summary financial statements based statements on pages 20 to 21, which comprise Children’s Charity Incorporated. This report on our procedures, which were conducted the summary statement of financial position is made solely to the beneficiaries as a body. in accordance with International Standards as at 30 September 2017 and the summary Our audit work has been undertaken so that on Auditing (New Zealand) (ISA (NZ)) statement of comprehensive revenue and we might state to the incorporated society’s 810 Engagements to Report on Summary expenses, changes in equity and cash flows beneficiaries those matters we are required Financial Statements. Other than in our for the year then ended, and related notes, to state to them in the auditor’s report and capacity as auditor we have no relationship with, are derived from the audited financial for no other purpose. To the fullest extent or interests in, the incorporated society. statements of Variety - the Children’s Charity permitted by law, we do not accept or assume Incorporated (“the incorporated society”) responsibility to anyone other than the Opinion for the year ended 30 September 2017. We incorporated society’s beneficiaries as a body, In our opinion, the summary financial expressed an unmodified audit opinion on for our audit work, this report or any of the statements, derived from the audited those financial statements in our audit report opinions we have formed. financial statements of Variety - the Children’s dated 7 November 2017. Those financial Charity Incorporated for the year ended 30 statements, and the summary financial Director’s responsibility for September 2017, are a fair summary of those statements, do not reflect the effects of the financial statements financial statements, in accordance with FRS- events that occurred subsequent to the The directors are responsible for the 43 Summary Financial Statements. date of our audit report on those financial preparation of a summary of the audited statements. financial statements, in accordance with FRS- 43 Summary Financial Statements. The summary financial statements do not contain all the disclosures required for full financial statements under generally accepted 28 November 2017 - Auckland accounting practice in New Zealand. Reading 22.

Variety - the Children’s Charity Annual Report 2017

Financial snapshot Where our funds come from

$4,000,000 $4,000,000

$3,500,000 $3,500,000

$3,000,000 $3,000,000

$2,500,000 $2,500,000

$2,000,000 $2,000,000

$1,500,000 $1,500,000

$1,000,000 $1,000,000

$500,000 $500,000

$0 $0 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2013-14 2014-15 2015-16 2016-17

Revenue Expenses Grants approved Future Kiwi Kids Fund Individual Corporates Events Other

Approved Variety grants Children sponsored through by programme Kiwi Kid Sponsorship

$2,500,000 4,500

4,000

$2,000,000 3,500 20% 3,000 more children sponsored in $1,500,000 2016-2017 over 2,500 prior year

2,000 $1,000,000 1,500

1,000 $500,000

500

$0 Number of children 0 2013-14 2014-15 2015-16 2016-17 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 Budget 2017-18 Caring For Kids Future Kiwi Kids Scholarships Kids On The Move Kiwi Kid Sponsorship

External advisors

Banker Auditors Insurance ASB Bank Ltd KPMG, 18 Viaduct Harbour, Albany Insurance Services Ltd, Investment Partner Auckland 1140 PO Box 205, Albany Village 0755 JBWere, Level 38, Vero Centre, Marsh Ltd, PO Box 2221, 48 Shortland Street, Auckland Shortland Street, Auckland 23.

Variety - the Children’s Charity Annual Report 2017

We couldn’t do it without your help. A special thanks to…

PATRON Betty Robertson EVENT Cinemas Dame Catherine Tizard ONZ, GCMG, Diana Fenwick QSO First Tier DBE, QSO Gill Norris Fuji Xerox Jenny Hassall Graeme Thomson Antique VICE PATRONS Jennifer Martin & Estate Jewellery Dame Kiri Te Kanawa ONZ, DBE Karen Kay Groupon Sir George Fistonich KNZM Karen Olsen Hasbro Simon Dallow Pat Courtney Henry Schein Hoyts Cinemas INTERNATIONAL AMBASSADORS VARIETY MEMBERS Intuit Creative Dame Vera Lynn, DBE Andrew Webster ITM Building Supplies Paul Hogan, AM Arun Varma John Sands Sam Neill, DCNZM, OBE Dame Catherine Tizard Kensington Swan Sean Fitzpatrick, ONZM Chris Huljich KPMG Sir Michael Caine, CBE Christopher and Jackie Reeve Madison Recruitment Sir Sean Connery Colin Pauling Mark Gee Photography Deborah Fox Michael Joyce NATIONAL AMBASSADORS Emma Parry European Homeware Antonia Prebble Fiona Milburn Marsh Insurance Bronwyn Turei Sir George Fistonich Miss Universe New Zealand Constable Bryan Ward, QSM and Grahame Knight Nicholson Print Solutions Bobby Grant Meese Pfizer New Zealand Lizzie Marvelly Ian Hassall RE/MAX Hewitt Humphrey, QSM, JP Irene Mosley Resene Jayne Kiely Libby Dykes Singapore Airlines Johnson Raela Lizzie Marvelly Smartlogic Karen Olsen Louise Wallace Spec Savers Liane Clarke Lynda Parsons Starmetro Mark Wright Mark Vella The Entertainment Book Shane Cortese Mark Wright The Radio Network Suzy Cato Megan Tunks TR Group Valentine Books Toni Street Michelle Boag Val Morgan Mike and Ann Thompson Verve VARIETY LIFE MEMBERS Neil Quartly Villa Maria Estate Carole Bruce Pat Courtney William Buck Christmas Gouwland Peter Drummond MNZM Peter and Lesley Lawson World Expeditions Sir John Walker Peter Rowell Zurich New Zealand Pam Fauvel QSM Richard Spilg Verve Sharon Henderson VARIETY BOARD Simon Dallow VARIETY VOICES STAFF Andrew Webster Stephen Fisher Sarah Poppe Deborah Fox Steve and Helen Jackson James Doy Dr Ian Hassall Stuart Chapman Lizzie Marvelly Wayne Adsett VARIETY BOOK FAIR Mark Vella Jason Valentine-Burt Megan Tunks PRINCIPAL CORPORATE SPONSORS Richard Spilg (President) CMC Markets VARIETY INTERNATIONAL AWARD Sharon Henderson (Vice President) Ford New Zealand WINNERS Steve Jackson (Treasurer) Johnson & Johnson Pacific Variety International Presidential NZ Retail Property Group Citation - Bev Roberts GRANTS AUDIT COMMITTEE SKYCITY Dr Ian Hassall The Warehouse TRUSTS Pam Fauvel QSM BlueSky Trust SPONSORS AND SUPPORTERS Four Winds Foundation FRIENDS OF VARIETY 2degrees Hugo Charitable Trust Bev Roberts (Chair) Altis Consulting IronBridge Foundation Aline Sandilands Avanti Plus Lion Foundation Angela Hunter Digital Stream LTD Trust House Fund Anisia Shami Dimension Data Dynamo Events Level 1, 300 Great South Road PO BOX 17276, Greenlane Auckland 1546, New Zealand

T: + 64 9 520 4111 E: [email protected] variety.org.nz

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