Message from the Patron

Transcription

1 2015 Annual Report

2 Message from the Patron It is a pleasure and a privilege to be a Co-Patron of the Trust and to see Peter s legacy go from strength to strength. From 600+ Leadership Week events and ocean exploration with Young Blake Expeditions, the Trust has a growing network of leaders and young Environmental Stewards all working hard in their communities. Sir Peter was a proud New Zealander, all round leader and a man of action. More than a decade on, this Kiwi hero s legacy continues to inspire New Zealanders of all ages through the efforts of the Trust. To inspire and mobilise the next generation of Kiwi leaders, adventurers and environmentalists is a mission that I fully support. I have enjoyed being actively involved in Trust activities since Highlights include officiating at the Blake Leadership Awards where the calibre of leaders honoured in Peter s name and their achievements demonstrates the difference that great leadership makes to a country. The theme for Leadership Week this year was #Believeyoucan. I think this is a fitting tribute to Peter s own leadership style. The need to have audacious aspirations and dreams and then really back yourself and your team to achieve them was important to him. What s unique about the Trust is our people, our partners and our programmes. An unparalleled network allows the Trust team to ensure that its experiential programmes are truly life changing. I watch with interest and excitement to see what great adventures lie ahead for the Trust in the coming year. Pippa, Lady Blake, Co-Patron, Sir Peter Blake Trust. Pippa, Lady Blake The Legacy Continues The aspirations of the Trust, the Blake Family and Blake Leaders to deliver on Peter s legacy show no signs of slowing down. This year has seen Young Blake Expeditions continue its work in the Southern Ocean and focus efforts on a region critical to our understanding of climate and ocean changes. Engaging young leaders to commence work on a national research station with leading NZ Scientists in the Sub-Antarctic is an ambitious dream but one worth pursuing. The success of the Rotorua urban expedition with Ministry for Environment saw 50 young Environmental Leaders from across the country focus on fresh water management and eco-tourism. That these delegates were inspired to raise funds for local pest eradication in the Mamaku forest is testament to the desire of young people to take action on key environmental issues. Partnerships with like-minded organisations have flourished with NIWA, RNZN and Chapman Tripp extending their support of the Trust and MediaWorks Foundation coming on board as a Media partner. Having Pippa Lady Blake back in New Zealand was a highlight as she participated in the national Leadership Awards and undertook Leadership events in Christchurch and Auckland. For the 20th Anniversary of Red Socks, Pippa recounted the original story of giving Peter Red Socks and her surprise that they have gone on to become a national treasure. Sincere thanks go to the Trustees, advisors, sponsors and supporters of the Sir Peter Blake Trust who tirelessly support the Trust to ensure the organisation is on strategy, vibrant and fit for purpose. Special mention should be made of the small but hard working management team whose ability to innovate and commitment to excellence are critical to the Trusts strong reputation and success.

3 2015 Highlights AUCKLAND AUT & FJX Inspire Day WAIPA Waipa District Council Leadership Week PALMERSTON NZDF Women s Leadership Conference DREAM TEAM LEADERS INSPIRED Westpac Young Leader Awards presented 20,000 WHAKATANE EBOP Chamber of Commerce Leadership Week OVER 500 Events Throughout Leadership Week WELLINGTON Be. Accessible Conference Kiwi Kids 4000 CHRISTCHURCH Business Leaders Conference and Arts Centre restoration tour Leadership Magazines Distributed tweets OVER 70,000 PARTICIPANTS IN LEADERSHIP WEEK 76 BLAKE LEADERS k Twitter Impressions over Leadership Week 60 aper newsp s le ic t ar nline and o s ie stor NZ across CELEBRATING 20 YEARS OF RED SOCKS

4 2015 Financial Commentary Schools, community groups, corporates and individuals across New Zealand contributed to the success of the Trust in 2015 with sponsorship, grants, donations and purchases of red socks. In particular, the Trust acknowledges the strong financial support of foundation partner Westpac New Zealand Ltd and leading partner Fuji Xerox New Zealand Ltd. The Trust s innovative programmes continue to provide life changing opportunities for our youth, and to celebrate the achievements of New Zealand s leaders across many sectors. The financial contributions from the Trust s sponsors, supporters and the people of New Zealand, together with the investment income generated from the Trust funds, provided $1.2million in revenue. The Trust has a welldiversified income base, with 32 % of income from sponsorships, grants and donations from strong community support, and 33% from investment of the Trust Funds. Through careful management, delivery of the Trust s programmes saw total expenses remain relatively stable. Overall, the Trust achieved a Net Surplus of $44,265. Trust funds now stand at $4.9 million. While this puts the Trust in a good financial position, the Board is concerned with the need to fund current programmes, while protecting the value of the Trust funds for future generations. The Board continues to seek new strategic partnerships and avenues of fundraising, which will enable it to provide the resources for programmes to inspire generations of future leaders, particularly in the area of environmental protection. A new strategic partnership with Media Works Foundation, announced in August 2015, has provided exciting opportunities for the Trust to tell our story and engage with New Zealand communities. For more detailed information, see over. For the full financial statements see our website, The Trust s activities would not have been possible without the financial support of: Foundation Partner: Westpac New Zealand Ltd. Leading Partners: Fuji Xerox New Zealand Ltd. Supporters: Auckland Whale and Dolphin Safari, AUT Business School, Chapman Tripp, Crowne Plaza Hotel Auckland, Department of Conservation, Kelly Tarlton s Sea Life Aquarium, KPMG, Lion Foundation, Mace Charitable Trust, MediaWorks Foundation, Ministry of Education, Ministry for the Environment, Ministry of Social Development, Newstalk ZB, NIWA, NZ Herald, NZ Post, North and South Trust, PBT Couriers Limited, PricewaterhouseCoopers, Rotorua Energy Charitable Trust, Royal NZ Navy, Sheffield, Terabyte Interactive Ltd, Terra Sancta Wines, Toyota NZ, Villa Maria Estate Ltd and Yellow Brick Road. SIR PETER BLAKE TRUST CONSOLIDATED INCOME 33% 11% 24% $1,221,641 OPERATING & INVESTMENT REVENUE $44,265 NET SURPLUS 32% Investment Income Sponsorship, donations and grants Service Delivery Other income $4,916,956 TOTAL TRUST FUNDS

5 The Sir Peter Blake Trust Summary Consolidated Financial Statements Summary Consolidated Statement of Financial Performance FOR THE YEAR ENDED 30 SEPTEMBER Revenue Interest received 266, ,269 Sponsorship, donations and grants 389, ,334 Service delivery 292, ,109 Other income 136, ,484 Gain on bonds 136,840 22,878 Total revenue 1,221,641 1,231,074 Expenses Administration expenses 651, ,701 Programme expenses 525, ,811 Depreciation Total expenses 1,177,376 1,194,206 Net surplus 44,265 36,868 Summary Consolidated Statement of Movement in Trust Funds FOR THE YEAR ENDED 30 SEPTEMBER Trust funds as at 1 October ,872,691 4,835,823 Net surplus for the year 44,265 36,868 Trust funds as at 30 September ,916,956 4,872,691 Summary Consolidated Statement of Financial Position AS AT 30 SEPTEMBER Trust funds 4,916,956 4,872,691 Assets Current assets 392, ,321 Non-current assets Property, plant and equipment 2,192 2,732 Investments 4,666,841 4,530,001 4,669,033 4,532,733 Total assets 5,061,320 5,018,054 Liabilities Current liabilities 144, ,363 Non-current liabilities - - Total liabilities 144, ,363 Total net assets 4,916,956 4,872,691

6 Notes to the Summary Consolidated Financial Statements For the year ended 30 September Accounting Policies Basis of Preparation The summary consolidated financial statements presented are those of the Sir Peter Blake Trust ( the Trust ) and include Sir Peter Blake Charity Limited. These summary consolidated financial statements have been prepared in accordance with FRS 43 (Summary Financial Statements) and comply with NZ GAAP as it relates to summary financial statements. The full financial statements have been prepared in accordance with Generally Accepted Accounting Practice in New Zealand (NZ GAAP), comply with the requirements of the Financial Reporting Standards (FRSs) and Statements of Standard Accounting Practice (SSAPs), and are prepared on the basis of historical cost, as modified by the fair value. The presentation currency used in preparing these summary consolidated financial statements is the New Zealand dollar, and amounts have been rounded to the nearest dollar. Sir Peter Blake Trust is a qualifying entity within the framework for differential reporting. All differential reporting exemptions have been adopted. The information presented in these summary financial statements has been extracted from and is consistent with information presented in the full audited financial statements. These were authorised for issue by the Trustees on 3 December The auditors reports on the full financial statements for the years presented did not refer to a fundamental uncertainty and were not modified in any way. Summarised financial statements do not include all the disclosures provided in the full financial statements and cannot be expected to provide as complete an understanding as provided by the full audited financial statements, which are available on request or from our website Changes in accounting policies There have been no changes in accounting policy. The accounting policies adopted are consistent with those of the previous year. 2. Endowment An initial endowment of $3,800,000 was received from the New Zealand Government on 22 October The $3,800,000 endowment was provided as a means for the Trust to generate income to pursue the objectives of the Trust. The Trustees endeavour to protect the value of the endowment and this is represented by the Accumulated Trust Funds carried forward. 3. Charitable Status and Taxation The Sir Peter Blake Trust and the Sir Peter Blake Charity Limited are registered charities and are exempt from income tax on income derived by the trustees in trust for charitable purposes in New Zealand. 4. Related Parties The Trust was incorporated on 17 December Sir Peter Blake Charity Limited was incorporated 15 August 2006 and is 100% owned by the Sir Peter Blake Trust. The company was incorporated to undertake the operating functions, while the Trust undertakes the investing functions. Westpac New Zealand Limited ( Westpac ) is a related entity of the trust as the Westpac GM Corporate Affairs is also the Chairman of the Sir Peter Blake Trust Board of Trustees. Banking facilities and investment advisory services were provided by Westpac to the Trust and Company during the year. As at 30 September 2015, the trust held one bond issued by Westpac, representing 11% (2014: 11%) of the value of the total fixed interest securities. The Trusts banking arrangements are also with Westpac. During the 2015 financial year Westpac provided sponsorship for the Trust of $157,000 (2014: $125,000). Westpac also performs some administrative functions on behalf of the Trust free of charge, which include secretarial services for Trust Board meetings. At balance date, there were nil receivables outstanding from Westpac relating to sponsorship or other fundraising (2014: $5,750). 5. Commitments and Contingencies There were no capital commitments or contingencies as at 30 September 2015 (2014: $nil). For and on behalf of the Trustees, who authorise the issue of these financial statements on the date shown below: TRUSTEE Glen Sowry 03 DECEMBER, 2015 TRUSTEE Sue Foley 03 DECEMBER, 2015 Phone: info@sirpeterblaketrust.org Sir Peter Blake Trust, PO Box , Custom Street 1143, Auckland