G.69 ANNUAL REPORT 2017 FOR THE YEAR ENDED 31 DECEMBER 2017 NEW ZEALAND SYMPHONY ORCHESTRA TE TIRA PŪORO O AOTEAROA TO OUR NZSO SUPPORTERS: Thank you. MAESTRO CIRCLE Drs JD & SJ Cullington Michael & Judith Bassett Carla & John Wild Denis & Verna Adam Mark De Jong Danielle Bates Anna Wilson Julian & Selma Arnhold Alfie & Susie des Tombe Philippa Bates Anita Woods Lisa Bates MNZM & Douglas Hawkins Christopher Downs & Matthew Nolan Patricia Bollard Barbara Wreford Rex Benson Michiel During & Cathy Ferguson Hugh & Jill Brewerton Dr Alan Wright Donald & Susan Best Tania Dyett Corinne Bridge-Opie Mr Christopher Young Peter Biggs CNZM & Mary Biggs Stephen & Virginia Fisher JE Brown Anonymous (18) Sir Roderick & Gillian, Lady Deane J. S. Fleming Mary E Brown Peter Diessl ONZM & Carolyn Diessl Ian Fraser & Suzanne Snively Robert Carew Dame Bronwen Holdsworth DNZM Belinda Galbraith Noel Carroll VINCENT ASPEY SOCIETY Dr Hylton Le Grice CNZM, OBE Russell & Judy Gibbard Stuart & Lizzie Charters (NOTIFIED LEGACIES) & Ms Angela Lindsay Michael & Creena Gibbons Lorraine & Rick Christie Leslie Austin Peter & Joanna Masfen Mrs Patricia Gillion Lady Patricia Clark Vivian Chisholm Paul McArthur & Danika Charlton Dagmar Girardet Jeremy Commons & the late Gillian Clark-Kirkcaldie Julie Nevett Garry & Susan Gould David Carson-Parker Bryan Crawford Les Taylor QC Laurence Greig Prue Cotter Murray Eggers Anonymous (2) Dr Elizabeth Greigo Colin & Ruth Davey D J Foley Dr John Grigor Rene de Monchy Maggie Harris Cliff Hart David & Gulie Dowrick Eric Johnston & Alison Buchanan VIRTUOSO CIRCLE Gary & Helena Hawke Selena & Shamubeel Eaqub Lynette Jones & Deborah Mills Marie Brown MNZM & Brendan Brown Robin Henderson Eric Espiner Anna Marion Ros & Philip Burdon Antonia Hill John Evans Shar Miles Diana Duff-Staniland Bill Hodgson Tom & Kay Farrar Mary O’Brien Bill & Olive Falconer Don & Janine Hunn John Farrell & Rosemary Fullerton-Smith Mr Robinson Fehl Charitable Trust Margaret & John Hunn Sas Fookes Peter & Juliet Rowe Holdsworth Charitable Trust David & Heather Hutton Elizabeth Foster Keith L Stichbury Deryk & Jan McNamara Morgan & Patricia Jones GS Fraser Anonymous (16) Clare & Justin Murray Dr Lynnette Jones and Deborah Mills Ruth & Peter Gadgil Collin Post & Brenda Young Fenton & Felicity Kelly Derek & Gail Goddard Dame Adrienne Stewart DNZM, QSM Geoff & Elizabeth Lee David & Sally Graham (REALISED LEGACIES 2007–2017) Katrina Todd Annette & Ralph Lendrum Sandra Greenfield Mrs Ursula Bayfield Ainsley Walter & Mark Stewart Linda Macfarlane Anne Hall Peter Brooks Daniel & Kylie Wong Jim Mann Erina Harding Judith Clark Anonymous (3) Christopher & Jilly Marshall James Henry William Clayton Jennie McInnes Dr Graham Hill & Joan Caulfield Frederick Coad Roger and Jenny Mountfort Prof Les Holborow Joan Dingley ORCHESTRA CIRCLE Ian & Kim New C & K Hoolihan Margaret Everton Ted & Ann Aspey Sir Geoffrey & Margaret Palmer David Jenkinson The FAME Trust Paul & Sheryl Baines Viola & Philip Palmer Paul & Gillian Kennerley Mary Fitzwilliam Virginia Breen Rev Dr Barbara Peddie Boyd Klap Owen Gebbie Rev. GL & M Crawford Richard & Julia Perry Judith Knibb Valerie & Kelvin Grant Allison & Victor Diem Ross & Judith Pottinger Owen & Lois Lawn Allan Silas Jenkins Ian Fraser Judith Ross Martin Lawrence William Johnstone David Lord & Tracy Grant Lord Ailsa Salt Howard Livingston Morag MacDonald Athol Mann CMG & Ngaire Mann Reiko Segawa Barbara Mabbett Zita Outtrim Alison Morton Paul Selwyn-Smith Margaret Mabbett Erika Schorss Peter & Juliet Rowe Ken Sheldrick Ann Mallinson Monica Taylor Heather Simpson Warwick Slinn Dr & Mrs JRD Matthews Lesley Wyatt Alison Thomson Martin & Catherine Spencer Corran & Anna Munro Anonymous Margaret Trotter Martyn & Shona Spencer Carole McIntosh Noel Vautier & Kerrin Vautier CMG Peter & Kay Squires Bruce McKinnon Kelly Vince & Florencia Lee Ross Steele Elizabeth McLeay ENDOWED FUNDS The Wallace Foundation Lady Tait Jeff & Marise McNeill Barbara Kathleen Bird Fund A R. (Bob) Wallis Ken & Mary Thomson John Meads & Anne Marie Moorhead June Violet Commons Fund Dame Catherine Tizard ONZ, GCMG, GCVO, Glenda & Peter Menzies Emma & Jack Griffin Charitable Trust DBE, QSO Heather Miller Reeves Harris Orchestra Fund ARTIST CIRCLE Ann Trotter Shinji & Keiko Morimoto Take Note Trust Malcolm & Virginia Abernethy Judith Trotter Isobel Northover Ron & Joan Adams Michael & Margaret Walls Brian & Christine Peak Odette Alleyne (née Outtrim) Daphne & John Wardle Seaway Cleaning Services Ltd & Alan Evans Margaret & John Wareham Alan & Luba Perry Geoff & Vivien Atkinson David Weatherburn & Maxine Dixon Glennis, Lady Pettigrew Jenny Ballantyne Jane Webster Phillipa Poole & Paul Gilkison Anita Banburg Carla and John Wild Tony Reeve Mark Barrow Tim Wilkinson & Lynette Murdoch Helen & John Rimmer Susan Batley & Rob Hole Gwen Wills Miles Rogers Margie Beattie & John Barlow Ann Wylie Lorraine Smith The David & Genevieve David & the late Helen Zwartz Robyn Smith Becroft Foundation Anonymous (11) Sue Stubenvoll John & Christine Brook Jenny & Ian Thomas John Bruce Hugh & Marion Townend Alison Buchanan & Eric Johnston SONATA DONOR John & Susan Upton Alan & Sandy Bulmer Jack & Elizabeth Alison Vivien Ward Angela Caughey Richard & Heather Armishaw Deborah Watson & Alec Bruce Molly Chapman Warren & Margaret Austad Frank Webster Yvonne Chetwin Leslie Austin Rudolph & Valeria Wenk Jane Crosse Vivienne & Duncan Bamfield Jeremy & Viv Whimster For more information on how you too can become a NZSO Supporter visit www.nzso.co.nz ANNUAL REPORT The Board have pleasure in presenting the Annual Report for the New Zealand Symphony Orchestra for the year ended 31 December 2017. DONALD BEST ONZM DAME BRONWEN HOLDSWORTH DNZM BOARD CHAIR BOARD MEMBER, AUDIT COMMITTEE MEMBER 09 March 2018 09 March 2018 CONTENTS 2 NZSO: Vision and Mission 3 NZSO: Values 4 Chair’s Preface 7 Chief Executive’s Overview 11 Organisational Health and Capability 14 Governance Statement 15-36 Financial Statements Section 15 Statement of Responsibility 16 Independent Auditor’s Report 19 Statement of Comprehensive Revenue and Expense 19 Statement of Changes in Equity 20 Statement of Financial Position 21 Statement of Cash Flows 22 Notes to the Financial Statements 37 Performance Reporting Framework 2017 38 Performance Reporting: Impacts and Outcomes 39 Output Services Revenue and Expenditure 40 2017 Service Performance Summary 41 Statement of Performance 43 Measurement of Quality Service Performance 1 NZSO: VISION AND MISSION THE VISION Providing world class musical experiences that inspire all New Zealanders. achieved by THE MISSION Deepening and expanding musical connections and engagement with our communities. through A NATIONAL FULLTIME FULL SIZE SYMPHONY ORCHESTRA which Performs to an international standard is Excellent in performance has Relevant and engaging programming, Reaches large and diverse audiences and asserts Musical and artistic leadership A symphony orchestra which has Best practice operations, A shared and productive organisational culture, Sustainable management of all resources and Excellent systems and processes 2 New Zealand Symphony Orchestra NZSO: VALUES FUNCTIONS OF THE ORCHESTRA We value excellent engagement WHAT The functions of the orchestra are outlined in Section 9 WE DO • We identify strongly with one another of the New Zealand Symphony Orchestra Act 2004, and with New Zealanders as follows: • We ensure that our work is relevant to • to ensure that the orchestra presents a broad our audiences repertoire of orchestral performance including • We communicate openly and honestly New Zealand works and recent works with one another and with New • to encourage the development of New Zealand Zealanders musicians • to encourage the development of New Zealanders’ knowledge and appreciation of orchestral music We value creative excellence HOW • to develop and expand the audience of the orchestra on a national basis WE DO • We are passionate about our music and IT strive to share it widely • to provide a touring orchestra (which may also include international performances) • We are innovative and creative in all • to carry out any other functions consistent with aspects of our activities its principal objectives, as agreed to by the Minister • We are inspired to be excellent in all our after consultation with the orchestra performances • to co-operate with other similar institutions and organisations having objectives similar to those of the orchestra. HOW We value excellent relationships WE • We always act with fairness, honesty OBJECTIVES OF THE ORCHESTRA BEHAVE and transparency • We trust, respect, acknowledge and The objectives of the orchestra are outlined in Section 8 support each other of the New Zealand Symphony Orchestra Act 2004, • We always act with integrity as follows: • to provide the public of New Zealand with live and recorded performances of symphonic music performed to an international standard: • to provide an orchestra that— (i) is highly skilled and artistically imaginative; and (ii) has strong community support: • to be a leading New Zealand performing arts organisation with a role in the development of a distinctively New Zealand cultural environment: • to promote and encourage New Zealand musical composition and composers: • to provide performance opportunities for New Zealand musicians, whether as members of the orchestra or as soloists. 3 CHAIR’S PREFACE 2017 was an important year for the NZSO reaching a the contributions of generations of NZSO musicians to our significant