Annual Report 20132014

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Notes to the Financial Statements - FOR THE YEAR ENDED 30 JUNE 2014 7. CAPITAL COMMITMENTS There was no capital expenditure contracted for at balance date. (2013– nil) 8. OPERATING LEASE COMMITMENT During the year ended 30 June 2014, $17,650 was recognized as an expense in the statement of financial performance in respect of non - cancellable operating leases. (2013 $ 12,221). 2014 2013 Less than one year 17,791 16,943 Between one and five years 12,565 31,063 9. NORTH HARBOUR RUGBY REFEREES LEASE A donation of $52,500 was received during the 1999 year from North Harbour Rugby Referees as a contribution towards the cost of construction of the Sports House. This amount was included as income for the 1999 year. In return for the amount donated, Harbour Sport will lease a portion of Sports House to North Harbour Rugby Referees on a rent free basis for the remaining period of the lease, which expires in the year 2019. Under the lease agreement with North Harbour Rugby Referees, all future operational expenses for that portion of the building, will be the responsibility of North Harbour Rugby Referees. Should the lease agreement be terminated before its full lease term, Harbour Sport will not be liable for any interest or penalties towards North Harbour Rugby Referees. 10. RESERVE FUND Not for Profit organisations are not commercial entities and are therefore limited in the funds they can borrow. Therefore as a matter of prudent financial management the Board maintains a reserve cash fund equivalent to up to six months operating costs. 11. RELATED PARTY TRANSACTIONS During the year Harbour Sport Trust had the following related party transactions. ĤĤ Auckland Sport distributes funding to Harbour Sport. Auckland Sport has invoiced Harbour Sport $2,000 for establishment costs (2013 $50,000). This is funded by operational cash that is ordinarily used to fund community development and delivery. Auckland Sport has also invoiced Harbour Sport $25,000 as a contribution towards marketing and sponsorship acquisition.(2013 $0) ĤĤ Harbour Sport has invoiced Auckland Sport $606,764 (2013 $0) in respect of service contracts in the normal course of Harbour Sport operations and $ 49,501 (2013 $0) in relation to the transfer of the Greater Auckland Coaching Unit to Auckland Sport. Dr Lynne Coleman is a Board member of the Waitemata District Health Board who provide funding to Harbour Sport. There was an amount owing to Harbour Sport at year end. Mr Anthony Ford is a Board member of both Harbour Sport and the Auckland Sport Establishment Board. At year end Auckland Sport owes Harbour Sport $4,196 (2013 $0) A number of trustees have donated professional services in their non-trustee business capacities and in other organisations which they represent to the Trust at nil value. 22 “WHERE TOO MUCH SPORT IS NEVER ENOUGH”
Notes to the Financial Statements - FOR THE YEAR ENDED 30 JUNE 2014 Auckland Sport was established in May 2013 to undertake a regional leadership role in promoting active and on-going participation in sport and recreation. As part of its role Auckland Sport is now the funding conduit for all Sport NZ funding. Hence funding previously received directly from Sport New Zealand, including KiwiSport, is now received from Auckland Sport. This funding is to enable Harbour Sport to deliver various sport and recreation promotion and participation activities in the region. Harbour Sport had provided establishment funding to Auckland Sport. Subsequent to year end a shared services model is being progressively implemented with a view to streamlining financial and administrative functions. 12. KIWISPORT FUNDS PAID OUT DURING THE YEAR 2014 2013 Sport NZ 958,840 456,003 Kiwisport partners 78,843 97,424 Regional Sports Trusts 153,547 207,568 1,191,230 760,995 13. KIWISPORT FUNDING COMMITTED AS AT 30 JUNE 2014 During the year Harbour Sport received funds from Sport NZ for the KiwiSport Initiative. The amount shown in Received in Advance includes amounts that have been allocated to projects but not yet paid out at balance date. The allocation of funds at 30 June 2014 is as follows:- Mahurangi Community 5,000 Moving Mahurangi College Sport Forward 9,022 Active Kiwis East 17,500 Active Kiwis West 15,000 Football Link 7,500 Northcote Cluster 38,220 Girls in Football 5,000 Auckland Rugby League 9,000 Secondary School Coaching 9,900 SnowFUN Dementals 13,968 FunSticks Hockey 10,224 KiwiVolley Vertical Cluster 20,000 4 x 4 Co op 28,770 Play AFL Pathway Project -Primary School 10,000 Play AFL Pathway Project -Secondary School 9,000 ASD Kids KiwiSport Basketball 3,750 Total Funds allocated to projects 211,854 “WHERE TOO MUCH SPORT IS NEVER ENOUGH” 23
Page 1 and 2: Annual Report 2013/2014 Where too m
Page 3 and 4: Chairman’s Report Harbour Sport h
Page 5 and 6: Chief Executive’s Report Working
Page 7 and 8: Sport Capability 2013/2014 SPORT CA
Page 9 and 10: Sport Capability 2013/2014 SPORT CA
Page 11 and 12: Sport Capability 2013/2014 ĤĤ Alb
Page 13 and 14: Active Communities Annual Report 20
Page 15 and 16: Harbour Sport Excellence Awards Las
Page 17 and 18: Statement of Financial Performance
Page 19 and 20: Notes to the Financial Statements -
Page 21: Notes to the Financial Statements -
Page 25 and 26: Auditors Letter “WHERE TOO MUCH S
Page 27 and 28: strategic_plan_2010 A4.indd 2 26/09

Annual Report 20132014

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