Annual Report 2021
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Notes to the Financial Statements<br />
For the year ended 30 June <strong>2021</strong><br />
Notes to the Financial Statements<br />
For the year ended 30 June <strong>2021</strong><br />
13. Leases<br />
<strong>2021</strong> 2020<br />
The KiwiSport Regional Partnership Fund was distributed by Regional Sports Trusts with Sport Auckland contracting<br />
Primary Schools, Secondary Schools and Sports Organisations to deliver programmes within schools to children<br />
from year 1 to 13.<br />
Not later than one year 60,831 82,212<br />
Later than one year and not later than five years 49,812 70,019<br />
Later than five years 0 0<br />
TOTAL 110,643 152,230<br />
Tū Manawa Active Aotearoa and KiwiSport funding is received by Sport Auckland in an ‘agent’ capacity as Sport<br />
Auckland cannot control the use of, or otherwise directly benefit from the funding in the pursuit of its objectives.<br />
Sport Auckland received a nominal amount towards the administration cost of the Tū Manawa Active Aotearoa Fund.<br />
The funds are accounted in the statement of financial position and will remain a liability (received in advance) until<br />
funds are distributed.<br />
The office lease is on a month by month basis since the expiry of the agreement and Sport Auckland is in the<br />
process of finalising a new agreement with the landlord.<br />
17. Capital commitments<br />
There were no capital commitments at the reporting date (2020: $0).<br />
14. Sponsorship in kind<br />
Non-cash sponsorship received from West City Auto Group (motor vehicle) during the year totalled $5,167 (2020:<br />
$5,167); this has been included in the Statement of Comprehensive Revenue and Expenses at the equivalent market<br />
rate for goods of this nature.<br />
15. Income in advance<br />
<strong>2021</strong> 2020<br />
Grants received in advance 393,766 790,828<br />
TOTAL 393,766 790,828<br />
16. Funds held on trust<br />
<strong>2021</strong> 2020<br />
18. Contingent assets and liabilites<br />
There are no contingent assets for liabilities at the reporting date (2020: $0).<br />
19. Events after the reporting date<br />
There are no significant events post balance date (2020: The Board of Trustees and management are in the process<br />
of reviewing an offer to continue leasing office space at the Auckland Trotting Club. The total term of the new<br />
tenancy is nine years with rights of renewal in 2023 and 2026).<br />
20. Going concern<br />
On 17 August <strong>2021</strong>, the New Zealand Government commenced Covid-19 lockdown restrictions for Auckland, which<br />
are still in place at this time. While further extended lockdowns would likely further negatively affect operations<br />
and some revenue streams, after consideration of the future funding secured and the organisation’s financial<br />
position at the date of authorising the performance report the Board is satisfied that the organisation will be able<br />
to meet its financial obligations for the foreseeable future. Hence the preparation of the performance report using<br />
the going concern assumption remains appropriate.<br />
Tū Manawa Active Aotearoa 534,606 0<br />
Direct Fund 57,441 0<br />
KiwiSport 8,404 462,420<br />
TOTAL 600,541 462,420<br />
Sport New Zealand introduced the Tū Manawa Active Aotearoa fund during 2020. This funding is available for<br />
community-based programmes or projects delivering play, active recreation and sport experiences, which help<br />
our children and young people get active. Tū Manawa Active Aotearoa is distributed by Regional Sports Trusts with<br />
Sport Auckland contracting a variety of organisations to deliver the purpose of the fund.<br />
56 <strong>Annual</strong> report<br />
<strong>Annual</strong> report<br />
57
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