Harbour Sport ANRPT_12_13
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Notes to the Financial Statements - FOR THE YEAR ENDED 30 JUNE 20<strong>13</strong><br />
<strong>13</strong>. KIWISPORT FUNDING COMMITTED AS AT 30 JUNE 20<strong>13</strong><br />
During the year <strong>Harbour</strong> <strong>Sport</strong> received funds from <strong>Sport</strong> NZ for the Kiwisport Initiative. The amount shown in Received<br />
in Advance includes amounts that have been allocated to projects but not yet paid out at balance date. The allocation of<br />
funds at 30 June 20<strong>13</strong> is as follows:-<br />
CSI Coaching programme 154,582<br />
Mahurangi Community 25,000<br />
Racquet and Touch Super <strong>Sport</strong> Collective 30,000<br />
Glenfield Schools Cluster 15,000<br />
Moving Mahurangi College <strong>Sport</strong> Forward 5,010<br />
Active Kiwis East 20,000<br />
Active Kiwis West 15,000<br />
Birkenhead College 7,900<br />
Rangitoto College 5,000<br />
Football link 7,500<br />
North Shore West Multisport Cluster 10,000<br />
Secondary Schools Coaching 70,000<br />
Athletics NZ 5,000<br />
Northcote Cluster 17,240<br />
Total Funds allocated to projects 387,232<br />
14. SUBSEQUENT EVENTS<br />
<strong>Sport</strong> NZ has announced that from 1 July 20<strong>13</strong> they will invest through a new trust, Auckland <strong>Sport</strong>, rather than fund<br />
the existing four Auckland RSTs directly. Post year-end <strong>Harbour</strong> <strong>Sport</strong> Trust has signed a Relationship Agreement and a<br />
Transfer Agreement relating to <strong>Sport</strong> NZ investment with Auckland <strong>Sport</strong> and clarifying future roles and responsibilities.<br />
The establishment of Auckland <strong>Sport</strong> may lead to changes in future with some administrative functions presently carried<br />
out by the trust being centralised and operated in future by Auckland <strong>Sport</strong>. However no significant decisions have been<br />
made in this regard as yet. <strong>Sport</strong> NZ has confirmed that the level of funding into the four current Auckland RSTs will remain<br />
unchanged across all programme delivery for the 20<strong>13</strong>/2014 year. <strong>Harbour</strong> <strong>Sport</strong> Trust will continue to operate as an<br />
independent charitable trust and in accordance with the terms of its trust deed.<br />
15. STATEMENT OF UNCOMMITTED FUNDS AS AT 30 JUNE 20<strong>13</strong><br />
At 30 June the following funds were available:<br />
20<strong>13</strong> 20<strong>12</strong><br />
$ $<br />
Cash and Savings Accounts 509,476 362,994<br />
Shore to Shore Trust Deposit Account 215,000 215,000<br />
Greater Auckland Coaching Unit Deposit Account 404,921 457,0<strong>13</strong><br />
Kiwi<strong>Sport</strong> Funds 564,815 331,685<br />
Deposit accounts which mature within the next <strong>12</strong> months 530,840 530,840<br />
Accounts Receivable 146,048 285,724<br />
2,371,100 2,183,256<br />
To meet the following commitments:<br />
Accounts Payable 203,482 238,350<br />
Income Received in Advance 1,<strong>13</strong>9,6<strong>12</strong> 876,448<br />
Lease Liability 91,994 <strong>12</strong>2,199<br />
“WHERE TOO MUCH SPORT IS NEVER ENOUGH” 23
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