Annual Report 2017/18 Annual Report for the Year Ended 31 March 2018 2017/18 Legal Name of Entity Spinningtop Trust
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Annual Report 2017/18 Annual Report For the year ended 31 March 2018 2017/18 Legal Name of Entity SpinningTop Trust Welcome to SpinningTop’s annual report for 2017/18. Type of Entity and Legal Basis Registered Charity SpinningTop fundraisers – including The Good Guys shows, Defender Bags, The Body Shop support & sales, and our regular Registration Number generous payroll givers – have helped establish some pretty CC10551 amazing, life-changing projects. We’re constantly suprised by what has been achieved. Entity’s Purpose or Mission SpinningTop exists to give balance to vulnerable This report is a chance for us to document some of the highlights children whose lives have been thrown off balance from the 2017/18 year, what we did, how we paid for it, and what through war, oppression, natural disaster and we’re planning for the future. As mentioned, we are indebted to circumstances beyond their control. We believe given the right balance of education, nutrition, our regular donors and anyone who supports us through attending shelter and play vulnerable children will be a fundraising event, volunteering their time or buying a product – empowered to become contributing members of thank you. society free from poverty. Physical & Postal Address 9-11 Kaiwharawhara Road Kaiwharawhara Wellington 6035 Phone – Annie Fischer 021 032 4714 Office – 04 4607455 www.spinningtop.org facebook.com/spinningtop twitter.com/SpinningTopORG CHAIRPERSON’S REPORT 2018 I first up wanted to say how grateful we all are for the hard work of Annie, Paul and Ruth, through the 17/18 year. I also want to thank my fellow board members for volunteering their time to help SpinningTop with their skills and passion for the cause. Children on the Edge was first registered with the Charities Services over 11 years ago, then we registered the name change to SpinningTop over 6 years ago. Our mission is to give balance to vulnerable children whose lives have been thrown off balance through war, oppression, natural disaster and circumstances beyond their control. This year has been a good reminder to all of us, that while many of the projects we support are more stable, the situation in Burma is anything but stable. The atrocities against the Rohingya people this year and last show that the situation can change incredibly fast in Burma, this is something we need to ensure we can respond to if needed. I’m proud to say that there have been many times in the past years where our staff and board were able to act quickly and support those who need our help, this is an advantage we have of being a small organisation. It’s a tough fundraising landscape for international organisations based in New Zealand, we have very limited ways of raising funds and I want to thank the team and board for continuing to bring in the funds needed to support the children. Plus I’d like to say thank you to The Body Shop for their continued support and to Hell Pizza for making our comedy shows the amazing events they continue to be. While we often sit behind computers and we meet to discuss the directions and needs of SpinningTop, we all need to sit back and keep remembering that thousands of children on the Thai/Burma border are living better lives each year thanks to SpinningTop’s support. Thank you. Here’s to a great 18/19. Pat Shepherd Chairperson 2017/18 Entity Structure SpinningTop is a registered charity in New Zealand. A Board of Trustees governs SpinningTop Trust. We meet a minimum of three times a year and also communicate over email to discuss operational procedures. Our Trustees are Patrick Shepherd (Chairperson), Barrie Thomas (Treasurer), Shelly Robinson (Trustee), and Callum Davies (Trustee). Main Source of Entity’s Cash and Resources SpinningTop’s income is based on donations and proceeds from the sale of products and fundraising events. Main Methods Used by the entity to raise funds We are The New Zealand Body Shop’s charity of choice. They provide office space, covers overheads relating to that space and make a quarterly donation for wages. We then fundraise for our projects by holding events and seeking donations, for example through payroll giving and from Corporates. Our key Corporate sponsors for 17/18 have been the NZ Body Shop and HELL Pizza. We also receive a quarterly donation from the One PerCent Collective. Our fundraising products vary from our independent line of Defender Bags (www. defenderbags.org) made from recycled billboards to a number of products that we sell through the NZ Body Shop. These items include our handmade wooden spinning top toys and jewellery, plus purses made in Thailand as part of an income generation project. Entity’s Reliance on Volunteers and donated Goods or Service We have volunteers on an ad hoc basis to help us prepare products for sale. For example if we have a big order for Defender Bags then we might recruit volunteers to come in and help us cut and prepare bags for sewing. Our major source of volunteers has been through Help Tank an online volunteers’ agency. We also have artists and comedians who donate their time and skills to help us fundraise. Annually one or two artists might create an artwork for us that we then use to create a unique product for sale. We also have the goodwill of a number of comedians who perform for us in our annual comedy show during the NZ Comedy Festival, The Good Guys. Approval of Performance Report The Trustees are pleased to present the approved performance report including the historical financial statements of the SpinningTop Trust for the year ended 31 March 2018. Barrie Thomas Patrick Shepherd Treasurer Chairperson Date: 30 November 2018 Date: 30 November 2018 STATEMENT OF SERVICE PERFORMANCE Description of Entity’s Outcomes 1. Vulnerable children from Burma, living along the Thai/Burma border who had no access to education, attend school. 2. Grassroots organisations, working hard to support vulnerable children from Burma, are strengthened. 3. Traumatised children have had opportunities to express themselves through art. 4. Children living in poverty have confidence in themselves and hope for the future. Description and quantification of the Entity's Outputs by numbers of children reached 2018 2017 1.Education of migrant children in Thailand Thoo Mwee Khee School, Phophra 567 424 2.Education of migrant children in Burma (Myanmar) Stay in Schools: Alternative Education Centre, Myawaddy 500 500 Hter Ther Leh, Karen State 328 250 Kwer Ler Shue, Karen State 88 89 Oo Hue Hta School, Karen State 55 30 3. Contribution of costs towards school agriculture projects Thoo Mwee Khee, Kitchen Garden Phophra Thailand 567 424 SAW School, Mae Sot Thailand 300 300 Oo Hue Hta School, Karen State 55 30 4. Provision of shelter Tea Koo Village 200 NA 5. Provision of Play Kickstart Art, Mobile Art Therapy 1400 1300 SAW Pure Future program, Mae Sot, Thailand 70 70 STATEMENT OF CASH FLOWS STATEMENT OF FINANCIAL PERFORMANCE Statement of Cash Flows SpinningTop Statement of Financial Performance For the 12 months ended 31 March 2018 SpinningTop Excluding GST 1 April 2017 to 31 March 2018 Mar 2018 Mar 2017 31 Mar 18 31 Mar 17 Income Income Donations,fundraising and similar revenue $129,931.97 $105,780.89 Donations,fundraising and similar revenue $130,132.22 $105,634.93 Employee giving $12,157.03 $9,386.00 Employee giving $12,157.03 $9,386.00 Revenue from providing goods and services $60,962.38 $55,026.24 Revenue from providing goods and services $60,618.25 $55,026.02 Interest,dividends and other revenue $116.42 $150.43 Interest,dividends and other revenue $116.42 $150.43 Total Income $203,167.80 $170,343.56 Total Income $203,023.92 $170,197.38 Less Operating Expenses Gross Profit $203,023.92 $170,197.38 Public fundraising expenses $6,683.70 $1,951.11 Volunteer and employee related costs $55,387.40 $62,746.01 Less Operating Expenses Costs related to providing goods and services $34,339.80 $26,902.08 Public fundraising expenses $6,683.70 $1,951.11 Grants and donations made $93,157.41 $146,664.17 Volunteer and employee related costs $55,573.53 $63,618.98 Other Expenses $1,826.34 $2,457.83 Costs related to providing goods and services $34,339.80 $26,902.08 Grants and donations made $93,157.41 $146,664.17 Other Expenses $1,826.34 $2,458.51 Total Operating Expenses $191,394.65 $240,721.20 Operating Surplus (Deficit) $11,773.15 -$70,377.64 Total Operating Expenses $191,580.78 $241,594.85 GST Movements Net Profit $11,443.14 -$71,397.47 GST Inputs -$13,123.38 -$8,707.48 GST Outputs $12,419.42 $8,658.38 Net GST Movements -$703.96 -$49.10 Net Cash Movement $11,069.19 -$70,426.74 Please note: In reference to Net Profit, SpinningTop generates funds over a 12 month period which is paid annually to projects. As funds are raised, they Summary are accumulated to make sure we have sufficient funds to cover the following Opening Balance $114,326.65 $184,753.39 year. This gives the organisations we support some certainty in terms of Plus Net Cash Movement $11,069.19 -$70,426.74 future funding. It also allows us to have emergency funding available. Closing Balance $125,395.84 $114,326.65 STATEMENT OF FINANCIAL POSITION NOTES TO THE PERFORMANCE REPORT Statement of Financial Position SpinningTop As at 31 March 2018 NOTES/DEFINITIONS 31 Mar 2018 31 Mar 2017 Income Assets 1.