2014 nzrf annual report

NEW ZEALAND RUGBY FOUNDATION INCORPORATED

ANNUAL REPORT 2014

www.rugbyfoundation.com

SUPPORTING OUR SERIOUSLY INJURED PLAYERS


TABLE OF CONTENTS

Notice of Annual General Meeting 3

Officers 2014 4

Chairman’s Annual Report 5 – 6

Chief Executive Officer’s Report 7 – 9

Treasurer’s Report 10

Financial Statements 11

StatementofFinancialPerformance 12

StatementofMovementsinAccumulatedFunds 13

StatementofFinancialPosition 14

NotestotheFinancialStatements 15–22

Auditor’s Report 23 – 24

Acknowledgements 25 – 26

Members List 27 – 28

1NEW ZEALAND RUGBY FOUNDATION INCORPORATED

ANNUAL REPORT 2014



In Loving Memory of

Jordan Russell Te Awhi Kemp

27 March 1997 – 6 July 2014

NOTICE OF ANNUAL GENERAL MEETING

Noticeisherebygivenofthe28thAnnualGeneralMeetingoftheNewZealandRugbyFoundationIncorporatedwillbeheldinthePresidentsandDirectorsLounge,Level3,AlexandraParkFunctionCentre,GreenlaneRoadWest,Epsom,onTuesday31March2015.

AGENDA

a) ConsiderationoftheAnnualReportfortheyearended31December2014.

b) ConsiderationoftheFinancialStatementsfortheyearended31December2014.

c) ElectionofTrustees

RatificationofnewTrustees

InaccordancewiththerulesoftheNewZealandRugbyFoundation,ColinGibbons,AndyLeslieandTaneNortonretirebyrotation.

TaneNortonandAndyLeslieareavailbaleforre-election.

ColinGibbonshasdeclaredhimselfunavailableforre-election

AmendmentstotheConstitutionoftheNewZealandRugbyFoundationIncorporatedasratifiedon14Sept2013

d) GeneralBusiness

Lisa Kingi-BonCHIEFEXECUTIVEOFFICERNEWZEALANDRUGBYFOUNDATIONINCORPORATED


ANNUAL REPORT 2014



Patron: SirColinMeads(DCNZMMBE)Founding President: SirRussellPettigrewF.Inst.D,FCIT(K.T)President: TaneNorton

Original First XV: SirDavidBeattie,SirRussellPettigrew,SirBrianLochore, SirDesmondSullivan,SirWilsonWhineray,J.GFrazer,B.JDrake, J.JStewart,G.CMcKay,A.RLeslie,R.AHarper,B.AHancox, K.RTremain,R.WThomas,I.AVodanovich

Board of Trustees: MauriceTrapp(Chairman),TaneNorton(President),MarkPeters(Treasurer),ColinGibbons,AndyLeslie,JohnLeslie,DavidLatta,SimonTremain,BryanWilliams,Dr.JohnMayhew,GerardvanTilborg,WaynePeters(NZRUrepresentative)

Honorary Life Members: SirRussellPettigrew(KT),SirColinMeads(DCNZMMBE) SirD.J(John)Graham,RichieGuy

Chief Executive Officer 2014: LisaKingi-Bon

Accountant: AngelaDavies

Auditors: CroweHorwath,Auckland

Bankers: BankofNewZealandNewmarket

Administration: SportAucklandHouse Level4,AlexandraParkFunctionCentre

GreenlaneRoadWestEpsom

Ph:(09)6237980,Fax:(09)6237920mobile0212127399 Email:[email protected]

OFFICERS 2014

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CHAIRMAN’S ANNUAL REPORT

Itispleasingtonotethatourfinancialsshowsuchapositiveincreaseinourrevenue,andthatwehaveturnedaroundtheslightlydisappointingresultoftheprevioustwelvemonths.PartofthatrevenuegrowthisduetoadditionalsupportfromNewZealandRugby–forwhichweareextremelygrateful–partisduetogrowthinourinvestmentportfolio,andmuchisduetothehardworkofourCEOandherteam.

TheFoundation,likeallcharities,strivestosourcefundsinordertoassistourprimarycause,inourcase,ourVIPs.But,itisnotsimplyacaseofprovidingfundsforthemanyprojectsthatareplacedbeforeus.JustasrelevanttotheFoundation,ourVIPsandtheirfamiliesisthepresenceandsupportofLisaandBen,togetherwithourtrusteesattimeofaccident,recovery,recuperationandrehabilitation.

IthasbeenwonderfultoreceivethepositivefeedbackfromsomanyofourVIPsandtheircaregiversaroundtherecentweekendoftheWellingtonSevens.Thereweresomegreatstoriestoldandshared,butonecommonthemehasbeentheappreciationofthe“familyculture”thatisbeingcreatedbyattendingsucheventsandbeinghostedinstylebyLisaandBen.

TheFoundationalsoholdsapositioninassistingoursportinpreventingseriousinjuriesinthefuture.NewZealandRugbyleadstheworldinitsRugbySmartprogramandtogivesupporttothisandtospreadthewordaboutwhattheFoundationisdoing,wehavebeenattendingandspeakingatanumberofProvincialUnionAGM’s.Weareverygratefulfortheopportunitytodothis,andthankallChairmenandCEOs’forallowingusthisopportunity.

Evenwiththisfocusonsafetyatalllevelsofthegame,westillhavetheoneofftragiceventthataddsonemoretoourlistofVIPs.In2014,welostJordanKempwhosadlydiedasaresultofhisinjury,andNatManvillebecameour102ndspinalcordinjuredVIP.Tobothfamilies,theRugbyFoundationandthewiderNewZealandrugbyfamilyextendtheircondolencesandsupport.

Wealsoacceptaroleinadvocacy,bothinwhatwedoandwhatourVIPsrequire.WehavegoodengagementwithACC,thatallowsustovoicetheconcernsofourVIPsandisasignificanthelpforthefamiliesattimeofaccident.WeworkcloselywiththeNewZealandSpinalTrust,anorganisationwhosemainpurposesincludeadvocacyandassistingspinallyinjuredpeopletorehabilitateandreturntowork.

VeryrecentlywehavehostedameetingbetweenHeartsinUnion(RugbyFoundationAustralia),theChrisBurgerPetroJacksonPlayersfund(fromSouthAfrica),andNewZealandRugbymanagement.Fromthisinitialmeetingweproposetodevelopcommunicationsanddevelopsupportforeachother’scharitablemodel.

Imentionedearlier,theincreasedfundingwereceivefromNZRandtheeffortsthattheygotoinordertomakethegameassafeaspossible,continuallyaddingrelevancytotheRugbySmartprogram.Wewouldstruggletoachieveourgoalswithoutthissupportandwerecognisethatournumbersaregrowingandthecostsarelikelytoincreaseovertheyearsalso.ACCacknowledgethattheirowncontributiontoayoungpersonwithspinalcordinjuryislikelytobearound$7milliondollarsoverthatperson’slifetime.

Onbehalfofallourtrustees,IthanktheNZRBoardandmanagementteamfortheirongoingsupportofourorganisationandtheworkthattheFoundationcarriesout.Also,wethankourmanysponsors,benefactorsandthetruststhatprovidethefinancialsupportforourprojects.


ANNUAL REPORT 2014



MarkPeters,ourtreasurerwillspeakaboutthefinancialsbutIwouldjustliketorefertotheboard’sdecision,promulgatedafewyearsbackbyRichieGuy,thatwemust,onanannualbasis,reinvestsufficientsurplusfundstoinflationproofourcapitalreserves.Thepositiverevenueresultshaveenabledustoachievethisgoalfor2014.

Whilewehaveapositivepositiontoday,weareevermindfuloftheuncertaintiesaroundcharitablefunding.JustasthenumberofourVIPsisgrowingeachyear,sodothecostsofhomerepairandsupport.TheFoundationmustkeepaconstantwatchonitsincomeanditsinvestmentsinordertoprovideasustainablemodelforVIPstodayandforthefuture.

Finally,inmyroleaschairman,Ipassmythanksandappreciationfortheworkthateachofourtrusteesputintothischaritableorganisation.Duringtheyearmuchenthusiasm,passionandenergyemanatedfromourboardmeetingsespeciallyinregardstoraisingthefundsandtheawarenessoftheworkwedo.Thanksalso,onbehalfofallouttrusteesandallourVIPsandfamilies,toLisa,BenandGwen,fortheoutstandingworkthattheydoandthelovethattheysharewithalltheVIPfamilies.

Maurice TrappCHAIRMAN

CHAIRMAN’S ANNUAL REPORT

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Emirates ‘Long Lunch’ in Dubai. Fromleft:GrahamMcNally-MC,KeithQuinn-GuestSpeaker,GaryChapman-PresidentEmiratesGroupServices,MattDawson-GuestSpeaker,JimFitzsimons-GeneralManagerTheSevensplustwoEmiratesFlightAttendants.

CHIEF EXECUTIVE OFFICER’S REPORT

2014hashadmanyhighsandlows.Assadasthelowsare,thehighswhichmanifestinthestrengthofthehumanspiritthatweseesoregularly,risetothetop.

Theannualreportalwayscreatesamomentforretrospection.ThestarkrealityiswehaveVIPno102inNatManvilleandJordanKemppassedaway.

On The FieldJordanpassedawayon6Julyina“usual”Saturdayafternoonclubmatch.WededicatethisannualreporttoJordy’smemoryandwouldliketoacknowledgehiswhanauandinparticularhissisters,CrushlaandMichaela,theothertwopartsofhistripletsandalsohisthreebrothers,Sam,MaxandJoseph.IwouldliketoacknowledgetheNorthlandRugbyUnion,JeremyParkinsonandGregShiptonfortheirmateshipinmanagingtheaftermathofJordy’spassing.Wewillcontinuetoworkwithhisfamilytooffersupportandassistthemiscreatingalegacyinhisname,theJordanKempMemorialTrust.

OnSundayMay18thIreceivedthedreaded“Sundayphonecall”fromNZRmanagement.Asgoodfriendsasweallare,IknewimmediatelyBuck&Skellswerenotcallingforacasualchat.NathanaelManvillewasinjuredon17May,fourdaysafterhis18thbirthday.HewasinvolvedinalowvelocityhyperflexioninjurywhichresultedinaC5flexionteardropfracturewithC5AISAAspinalcordinjury.OnelongmonthinICU.On18JunehewastransferredtoBurwoodSpinalUnitwheretheyweavetheirhealingrehabilitationwork.HetransferredhomeinNovemberandhassettledwellbackintoschoolandreadjustingtohisnewlife.

WehadsentanoteouttotheVIPnetworkinChristchurchinformingthemofNat’sinjuryandtransfertoBurwood.WithinanhourVIPNo18SteliosMeimaris’swifeLeanneappearedatBurwoodseekingoutthefamilyto“bewiththem”.Asithappened,VIPNo3,ChrisMoranwasalsoinBurwoodforsomeserioussurgery.Chris’swifeSharonalsosoughtoutBrenda,Nat’sMum.ThestrengthandcomfortwithinourVIPcommunityisremarkable.

WewouldliketosalutethePalmerstonNorthcommunityand,inparticular,JohnKnowlesandhisteamattheManawatuRugbyUnionwhosteppedupincrediblyinarrangingafundraisingdinnerforNat.ThefolkofPalmywereverygenerousaswereKeithQuinn,MikeCopeland,SirColinMeads,AndyLeslie,RossPlunket,WayneSmith,DaveRennieandVIP101SetiTafuawhoallgaveoftheirtimetocreateahighlyenlighteningandentertainingevening.WepartnerwithNatnowforlife,andindeedhisparentsDarrellandBrendaandsiblingsJessandMichael.Inaheartbeatalloftheirliveschangedirrevocably.

Therewerealsothree“nearmiss”accidentsandoneveryluckyyoungman,ToneKengikewhosesurgerytorelievepressureoffhisbrainsawhimupandaboutwithinaweek.

Perspectiveissoimportant.Rugbyisacontactsportasaremanyothersportsandactivities.Approximately130peopleayearpresenttotheBurwoodSpinalUnitandtheAucklandSpinalRehabilitationUnit.FallsandmotorvehicleaccidentsaretheprimarycauseofSpinalCordInjury;fallshavenowovertakensportinginjuries.Ofsportinginjuries,mountainbikingisthelargestcause,closelyfollowedbyhorseridinginjuries.Onlyonetotwoperyeararecausedbyrugbyinjury.Oneisofcoursetoomany.

Thereareabout150,000communityrugbyplayersinNewZealand(alongsidethe180professionalplayers).Ofthecommunityparticipants28,000playintheadultdivisionswithafurther42,000inthe13-20agegroup.Thebalanceofthecommunitygame(80,000)areaged12andunder.


ANNUAL REPORT 2014




Weareallcommittedtoreducingthisthrougheducation.NewZealandRugbyandACCinitiatedtheworldleadingRugbySmartinjurypreventionandeducationprogrammeintheearly2000’s.Everycoachandrefereeisobligedtotakethiscourseeveryyear.Thisyear(2015)RugbySmartisbeingrolledouttoplayersaswellandconcussioninsharpfocusintermsofmanagementandattitude.

• SincetheinceptionRugbySmartseriousspinalinjuriesreducedfrommorethan10tolessthanthreeperyear.

• 46claimsper100000byrugbyforwardswereforneck,backandspineinjuriesbetween2007and2012.

• Atacostinexcessof$67millionperannumtotheAccidentCompensationCorporation(ACC),rugbyrepresentsthesinglelargestsourceofinjurynumbersandcostswithinthesportandrecreationsectorinNewZealand.ACCprovidessupportandservicestopeoplewithlastingimpairmentsafteraccidents,likespinalandbraininjuries,sotheycanliveeverydaylivesintheircommunities.Weareuniqueintheworldwiththisinsurancepolicyandcertainlywhenyouhearcommentfromourcounterpartsaroundtheworldwearewellplaced.

• 2014wasthefirstseasonwherecommunityplayerswereexposedtocrouch-bind-setprocedure.Inthatyear,moderatetoseriousneckinjuryclaimsfellfrom18to7(seeTablebelow).Itishighlyunlikelythatthisdecreaseisaresultofrandomvariationfromyeartoyear.

• Whilethefallinscruminjuriesisamajorimprovement,theworstneckinjuriesweareseeingnowresultfromthetackle.

Moderate to Serious Neck Injury Claims to ACC from Scrums

Year 2009 2010 2011 2012 2013 2014Number 26 18 18 16 18 7

Off the fieldWehavebeenworkingcloselywithACCandhavelearntafairamountaboutthe“new”NewZealandSpinalCordImpairmentActionPlan(http://www.health.govt.nz/publication/new-zealand-spinal-cord-impairment-action-plan-2014-2019)developedwiththeaimofoptimisingandcoordinatingresourcestoimproveoutcomesforpeoplewithSpinalCordInjuriesandtheirfamilies.Collaborationgoesalongwayformaximumbenefitofallofourresources.TheNZSpinalTrustalsoplaysuchavitalroleinthisarena.

FinancesWearepleasedtoreportapositiveyearfinanciallyasMarkPetersexplainsinmoredetailinhisTreasurer’sReport.OurgratefulthankstoNewZealandRugbyfortheincreaseinannualfundingandthisprovidedmonthlycertainlyprovidesformorepositivecashflowmanagement.OurowneventshaveproducedgoodresultsandI’dliketoacknowledgeBen’shardworkinthisarea.Eventsarevitalforusnotonlyintermsofincomebutasmuchintermsofnetworkingandprofile.InparticularwelovehostingourVIPsandtheirfamilies.

ThenewMembershipprogrammewaslaunchedandisgainingtraction.Itisdesignedtogeneratelongterm,sustainableincome.Themostimportantelementisthedatabasewe’rebuilding.Itisourgold.

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Growthcontinuedwithinthedigital space.Inlinewithinternationaltrendsthere-positioningthewebsiteasprimarilyapointofinformationhasledtoanincreasedfocusonsocialmediaplatforms.CommencementofaregularvideobloghasincreasedreachandengagementthroughFacebook,whilstalsoallowingustodevelopbrandpersonalities.ThecontinuedsupportoftheSuperRugbyFranchisesallowedusagaintopromotediscountedticketstoNZmatches;thiscontinuestobewellreceivedbyoursupporters,aswasthedigitalmembershipprogram.Combiningthesetwotouchpointswithfurtherincentivesshouldsafeguardfuturegrowth.

EventsWewouldliketoacknowledgetheincrediblecontinuedsupportfrommanystalwartsupporters:CenturionsRFC,NewZealandHarlequinRFC,andNewZealandBarbariansRFC,MasseyRFC,TakapunaRFCandtheSaracensinNapier.Manyindividualdonorsgivegenerouslyateventsandalsodirectlyintoourbankaccount.WewerefortunatetoreceiveaverygenerousdonationfromTheEmiratesAirlineDubaiRugbyLongLunchheldinOctober.SincerethankstoGrahamMcNallyandGaryChapman.

Sponsors and TrustsSpecialthanksalsototheInfinityFoundation.WewouldalsoliketoacknowledgeNorthandSouthTrust,PelorusTrustandtheFourWindsFoundationandoursponsorsfortheirincrediblesupport.Panasonic,LionNathan,MatuaValley,DBBreweries,ClaymoreLaw,RugbyWorldandAdidas.

Aswithallorganisationscontrolofincomeandexpenditureiskey,andwhilstweexisttosupportourVIPswearetotallycommittedtoabalanceofdoingourworkandprudentmanagement.JBWerehavedoneanoutstandingjobofgrowingourbaseandasMarkexplainsthisiskeytoourfuture.

WewouldsimplybeunabletoprovidetheassistancethatwedotoourVIPswithoutthegrantthatwereceivefromNewZealandRugby.Iwouldalsoliketoacknowledgethemanydedicatedstaffmemberswhoassistusinamyriadofways.

SincerethankstoourVIPs.It’sbeenwonderfultovisitmanyofyouathomeandmeetwives,partners,childrenandcarers.IhavereallydiscoveredthisyearthatwhenIneedsupport,whenI’mhavingtofrontupataverysadandhardtime–mysupportcomesfromyouVIPs.Thecareandencouragementyougiveisgreatlyappreciated.WehaveenjoyedsomewonderfulsocialoccasionstogetherinAuckland,Wellington,HamiltonandNapier.

InconclusionIwouldliketothankmycolleaguesBenSturmfels,GwendolineRewcastleandAngelaDaviesfortheteamworkandenergyandourBoardofTrusteeswhoofferconstantsupportandguidance.Theygivesomuchtimeandenergytous.

Lisa Kingi-Bon CHIEFEXECUTIVEOFFICER


ANNUAL REPORT 2014



AUDITOR’S REPORT

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TREASURER’S REPORT

2014wasaverysatisfactoryyearinrespectoffinancialperformance.NetSurplustransferredtoequityincreasedbyapproximately$325,000from2013to$366,566.Howeveritshouldbenotedthat,whilestillanexcellentresult,$212,334oftheoverallsurpluswasnoncashandcamefromgrowthinvalueoftheinvestmentsportfolioheldwithJBWere,whohaveonceagaindoneanexcellentjobwiththeFoundation’sInvestments.

Thecashsurplusfortheyear,excludinginvestmentequitygrowth,was$154,232andthis,alongwiththerevaluedinvestmentgrowth,hasbeentransferredtotheFoundation’scapitalreserves(totalasaboveof$366,566).Thesereservesnowstandatahealthy$4,139,256.DuringtheyeartheFoundationundertooka10yearforecastexercisetoseeifongoingoperationandmaintenanceofreserveswaspossibleunderexistingincomeandexpensestreams.Thesewereadjustedforexpectedincreasesincosts,butkeepingincomerelativelystatic.Theoutcomewasthatwithsomeworkonvarioussecondaryincomestreamsasiscurrentlybeingundertaken,theFoundationshouldbeabletomeetitsfinancialneedsandmaintainreasonablegrowthinitsreservesthroughoutthatperiod.Constantvigilancewillberequiredonbothincomeandexpenditure,buttheoutlookiscertainlypositive.TheFoundationisverygratefulfortheincreaseinannualgrantfromNZRU-whichhashelpedmaintainasatisfactorylevelofgrantsbeingabletobepaidoutasrequiredtopeoplesupportedbytheFoundation.

Othermainpointsfromtheyearsfinancialaccountstonoteare:

• OverallRevenueincreasedto$1,227,158-anincreaseover2013of$310,656,or33.90%• OperatingExpenditureat$542,554increasedover2013by$70,931,or15.04%• TherewasaoneoffstreamofincomefromaMarqueeEventthatdidcontribute$42,557.Such

eventsaresomewhatofabonus,andconstantlybeingsearchedfor,butnotguaranteedtocontinueonanannualbasis.

• Overallgrantstoinjuredplayersreducedby$123,239from2013to$244,020thisyear.ButashasbeenstatedbeforetheFoundationmeetstheneedsofinjuredplayersastheyarise,andwhilein2013suchneedsexceededtheFoundationscashincomefortheyear-thisyeartheyhappenedtobeless.ThepolicyoftheFoundationremainsthatgenuineneedsofinjuredplayersareaprioritybeforegrowthinreserves.

• TheFoundation’sbalancesheetisveryhealthywithgrossassetsmainlybeingliquid,andtotalling$4,334,700,whileliabilitiesareallcurrentandtotaljust$195,444.

FinallyasincerethankstoCEOLisa,andAccountantAngela,forthegreatworktheydoinkeepingtheFoundationsfinancialrecordsandactivitiesaccurateanduptodate.

Mark PetersTREASURER

FINANCIAL STATEMENTS for the year ended 31 December 2014

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TheTrusteespresentthesefinancialstatementsfortheyearended31stDecember2014.

ForandonbehalfoftheNewZealandRugbyFoundationIncorporated.


ANNUAL REPORT 2014



STATEMENT OF FINANCIAL PERFORMANCE for the year ended 31 December 2014

Note2014

$2013

$

RevenueIncomefromInvestments 2 194,630 187,303AnnualGrantNZRFU 300,000 250,000Revenue 494,630 437,303

Other RevenueDonations 46,394 38,715Sponsorship 14 73,716 34,210GamingGrants 218,354 192,777SundryIncome 111,387 82,304CharityGolfDays 27,786 0MarqueeEvent 42,557 0GainonSaleofBonds 0 0MarketandExchangeRateVarianceinEquities 212,334 131,193TotalOtherRevenue 3 732,528 479,199

Total Revenue 1,227,158 916,502

ExpenditureGrants-InjuredPlayers 244,020 367,259Grants–General 18,272 36,762Expenditure 5 262,292 404,021

Other ExpenditureOperatingExpenditure 4 542,554 471,623ForeignExchangeandEquitySettle 55,746 0OtherExpenditure 598,300 471,623

Net Surplus/(Deficit) of Revenue over Expenditure 366,566 40,858

Theaccompanyingnotesformpartof,andshouldbereadinconjunctionwith,thesefinancialstatements

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STATEMENT OF MOVEMENTS IN ACCUMULATED FUNDS for the year ended 31 December 2014

2014$

2013$

NetIncomeoverExpenditurefortheYear 366,566 40,858

TotalRecognisedRevenuesandExpensesfortheYear 366,566 40,858

AccumulatedFundsatBeginningofYear 3,772,690 3,731,832

Accumulated Funds at Year End 4,139,256 3,772,690

Theaccompanyingnotesformpartof,andshouldbereadinconjunctionwith,thesefinancialstatements.


ANNUAL REPORT 2014



Note2014

$2013

$

Current AssetsBNZChequeAccounts 172,926 70,078BNZSavingsAccounts 74,585 73,720JBWereCallAccount(NZD) 350,668 116,950JBWereCallAccount(GBP) 289 313JBWereCallAccount(USD) 6,466 246JBWereCallAccount(AUD) 7,792 10,667WestpacTermAccount 0 300,689TradeAccountsReceivable 15 5,083 4,786InterestAccrued 64 37MerchandiseonHand 13,030 15,567Prepayments 0 3,600GoodsandServicesTax 1,492 0

632,395 596,653Non Current AssetsFixedAssetsatNetBookValue 6 6,317 7,334

InvestmentsInvestmentsGeneral–FixedInterest 7 1,110,000 860,000InvestmentsGeneral–Equities 7 1,610,988 1,507,862InvestmentsNZRFU–FixedInterest 8 975,000 975,000

3,695,988 3,342,862ProvisionforImpairmentofInvestments 0 0

0 0

Total Assets 4,334,700 3,946,849

Current LiabilitiesAccountsPayableandAccruals 78,044 78,941SundryAccountsPayable 82,400 67,016IncomeReceivedinAdvance 35,000 28,000GoodsandServicesTax 0 202

195,444 174,159

Accumulated Funds 4,139,256 3,772,690

Total Funds Employed 4,334,700 3,946,849

Theaccompanyingnotesformpartof,andshouldbereadinconjunctionwith,thesefinancialstatements

STATEMENT OF FINANCIAL POSITION as at 31 December 2014

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NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 December 2014

NOTE 1: STATEMENT OF ACCOUNTING POLICIES

Reporting Entity NewZealandRugbyFoundationIncisincorporatedundertheIncorporatedSocietiesAct1908andtheCharitiesAct2005.TheFoundationsCharitiesCommissionnumberisCC42547,anditisalsoaregisteredDoneeOrganisationwiththeInlandRevenueDepartment.ThefinancialstatementsofNewZealandRugbyFoundationInchavebeenpreparedinaccordancewithNewZealandgenerallyacceptedaccountingprinciples.

Measurement BaseTheaccountingprinciplesrecognisedasappropriateforthemeasurementandreportingofearningsandfinancialpositiononahistoricalcostbasisarefollowed.Specific Accounting PoliciesThefollowingspecificaccountingpolicieswhichmateriallyaffectthemeasurementofearningsandfinancialpositionhavebeenapplied:

Revenuereceivedfromsponsorship,grantsanddonationsareaccountedforonacashbasisbecausethegeneralnatureofthisincomeisnotcertainuntilitisreceived.Grantsreceivedduringtheyear,whicharerequiredtobeappliedforaspecificpurpose,arerecognisedasrevenuewhentheFoundationhasappliedthefundsforthatspecificpurpose.

RevenuereceivedfromprofessionalfundraisersisaccountedforonanetbasisastheFoundationdoesnotincurnorisliablefortheexpenditure.

SponsorshipinKind–TheFoundationreceivesdonateditemsforauctionandevents,butthevalueisnotcertainuntilthesale,thereforetherevenueisrecognisedwhentheitemissold.

Accountsreceivablearestatedattheirestimatedrealisablevalue.

Equitiesinvestmentsarefairvaluedatcurrentmarketrates,fixedinterestinvestmentsarecarriedatcost.

AllbalanceswithinthesefinancialstatementsarestatedinNewZealanddollars.

MerchandisingStockisstatedatthelowerofcost,determinedonafirst-infirst-outbasis,andnetrealisablevalue.

AllowneditemsofFurnitureandEquipmentareinitiallyrecordedatcost,anddepreciatedasoutlinedbelow:

OfficeFurnitureandEquipment 11.4%-60%DV

Website 60%DV

Whereanitemoffurnitureorequipmentisdisposedof,thegainorlossisrecognisedinthestatementoffinancialperformanceandiscalculatedasthedifferencebetweenthenetsalepriceandthecarryingvalueoftheasset. ThefinancialstatementshavebeenpreparedonaGoodsandServicesTax(GST)exclusivebasis,exceptforreceivablesandpayablesthatarestatedinclusiveofGST.

NewZealandRugbyFoundationIncqualifiesfordifferentialreportingasitisnotpubliclyaccountableanditisnotlargeasdefinedintheframeworkfordifferentialreporting.

NewZealandRugbyFoundationInchastakenadvantageofalldifferentialreportingexemptionsavailabletoit.


ANNUAL REPORT 2014




16

NOTE 1: STATEMENT OF ACCOUNTING POLICIES (continued)

Foreign Exchange MovementsTransactionsinforeigncurrenciesaretranslatedtoNZDatthesettlementrate.MonetaryassetsandliabilitiesdenominatedinforeigncurrenciesintheStatementofFinancialPositionaretranslatedtoNZDattheforeignexchangeraterulingatthatdate.ForeignexchangedifferencesarisingontheirtranslationarerecognisedintheStatementofFinancialPerformance.

Changes in Accounting PoliciesTherehavebeennochangesinaccountingpolicies.Allpolicieshavebeenappliedonabasisconsistentwiththoseusedinpreviousyears.

NOTE 2: INCOME FROM INVESTMENTS

2014$

2013$

InvestmentsANZNationalBankLimited 22,704 32,121ASBBank 11,136 0AucklandCityCouncil 17,930 17,930AUDCallAccount 433 95BNZAccounts 473 459BNZTermDeposits 0 3,569General 0 13IAGFAInsuranceGroup 18,750 18,750InfratilLimited 24,874 24,417JBWereCallAccount 8,371 11,435RaboBankLimited 12,976 11,629WellingtonAirport 0 18,750Westpac 11,090 5,027WestpaconTerm 3,247 0InterestAccrued 0 0DividendsReceived 62,646 43,108

Total Income from Investments 194,630 187,303

NOTE 3: OTHER REVENUENote 2014 2013

DonationsMemberships 40,990 27,930HomeCareNZ 5,404 10,785

46,394 38,715SponsorshipSponsorshipinKind 14 73,716 34,210

73,716 34,210Gaming GrantsInfinityTrust 186,860 138,459PelorusTrust 0 7,660FourWinds 4,500 4,000NorthandSouth 11,196 22,658GrassrootsTrust 15,798 20,000

218,354 192,777Sundry IncomeFundraisingFunctions 91,887 63,626WebsiteIncome 4,507 7,239Cookbook 6,227 5,619Memorabilia 4,923 5,820TestTickets 3,843 0CharityGolfDays 27,786 0MarqueeEvent 42,557 0MarketandExchangeRateVariancesinEquities 212,334 131,193

394,064 213,497

Total Other Revenue 732,528 479,199



ANNUAL REPORT 2014




NOTE 4: OPERATING EXPENDITURE

Note2014

$2013

$

AccidentCompensation 872 1,472AccountancyandFinance 4,300 4,620AdministrationFees 278,720 237,860Advertising/Promotions-SponsorshipinKind 65,468 15,000AuditFees 4,240 7,000BadDebts 0 0BankFees 1,492 1,028BoardMeetingExpenses 15,065 16,828Depreciation 2,826 4,502FundraisingExpenses/EventManagement 35,503 23,404GeneralExpenses 3,818 1,483Insurance 3,174 2,891InvestmentFees 21,271 18,383LegalFees–SponsorshipinKind 8,248 6,440LicencesandSubscriptions 0 1,027LossonDisposalofFixedAssets 388 0Marketing,PublicRelationsandEntertainment 28,262 17,678Memorabilia 3,914 4,575MotorVehicleExpenses 3,653 3,257MotorVehicleLease 7,225 6,300NewZealandWellington7s 1,919 47,861OfficeRent 18,034 19,500PrintingandStationery,PostageandCourier 17,947 17,076TelephoneandInternet 9,451 4,924WebsiteExpenses 6,764 8,514

Total Operating Expenditure 542,554 471,623

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NOTE 5: EXPENDITURE – GRANTS2014 2013

Injured Player Grants Grants–InjuredPlayers 244,020 367,259

General GrantsAttitudeAwards 3,478 4,826NZWheelchairRugbyBillboard 0 14,270NZWheelchairRugby 15,000 17,666Miscellaneous (206) 0

18,272 36,762

Total Expenditure 262,292 404,021

NOTE 6: FIXED ASSETS

Cost$

Accumulated Depreciation

$

2014Book Value

$

OfficeFurnitureandEquipment 18,100 12,259 5,841Website 3,500 3,024 476

21,600 15,283 6,317

Cost$

Accumulated Depreciation

$

2013Book Value

$

OfficeFurnitureandEquipment 15,903 9,759 6,144Website 3,500 2,310 1,190

19,403 12,069 7,334


ANNUAL REPORT 2014




NOTE 7: INVESTMENTS GENERAL – FIXED INTEREST

2014 2013

Cost$

Market Value

$

Cost$

Market Value

$

Fixed Interest InvestmentsInfratilLimited$80,000PerpetualBonds 80,000 62,400 80,000 58,400

ANZNationalBankLimited$430,000at5.28%PerpetualBonds 430,000 433,010 430,000 421,400

RaboBankNederlandPreferenceShares$350,000 350,000 329,000 350,000 323,400

ASBBankLimited$250,000at6.65%due15/06/19 250,000 263,816 0 0

1,110,000 1,088,226 860,000 803,200

LessImpairmentProvision 0 0

1,110,000 860,000

ItistheFoundation’spolicytoholdallinvestmentstomaturity.Thereforeithasbeendeemedappropriatetorecordanywritedownofinvestmentstotheirredeemablevalueuponmaturity.

INVESTMENTS GENERAL – EQUITIES

2014 2013

Market Value

$

Market Value

$

NewZealandEquities 787,081 720,330

OffshoreEquities 823,907 787,532

1,610,988 1,507,862

During2009theTrusteesintroducedarevisedStatementofInvestmentPrinciples(SIPO)toguidethemintheirinvestmentdecisions.TheSIPOgivestheTrusteesdiscretiontoinvestinequities.OnadvicefromJBWeretheyelectedtodosoin2010,2011,2012,2013and2014.

ItistheFoundation’spolicytorecordallequityinvestmentsattheircurrentmarketvalue.Thisisconsideredthemostappropriatevaluationmethodgiventheriskassociatedwiththisinvestment.Therefore,theFoundationmustrecordanyvariancebetweenthepurchasecostoftheequitiesandtherelativevalueoftheequitiesatbalancedate.

Market and Exchange Rate Variance in Equities at year end: $212,334 (2013: $131,193).

20


NOTE 8: INVESTMENTS NZRF – FIXED INTEREST

2014 2013

Cost$

Market Value

$

Cost$

Market Value

$

InfratilLimitedBonds$250,000at8.5%due15/11/15 250,000 259.916 250,000 264,848

IAGFAInsuranceAustraliaGroupLtd$250,000at7.5%SubordinatedBond 250,000 262,250 250,000 262,500

WestpacNZLimited$200,000at5.545%due20/09/18 200,000 210,404 200,000 203,597

AucklandCityCouncil$275,000at6.52%due29/09/17 275,000 296,906 275,000 295,071

975,000 1,029,476 975,000 1,026,016

LessImpairmentProvision 0 0

975,000 975,000

ItistheFoundation’spolicytoholdallinvestmentstomaturity.Thereforeithasbeendeemedappropriatetorecordanywritedownofinvestmentstotheirredeemablevalueuponmaturity.

NOTE 9: TAXATION NewZealandRugbyFoundationIncisaregisteredNotforProfitCharitableOrganisationandisexemptfromincometaxunderSectionCB4oftheIncomeTaxAct1994.

NOTE 10: TRUSTEE REMUNERATION Noremunerationhasbeenpaidtothetrustees;theyareprovidingservicesonavoluntarybasis.


ANNUAL REPORT 2014




NOTE 11: CONTINGENCIESTherearenocontingenciesatyearend.(2013:Nil)

NOTE 12: CAPITAL COMMITMENTS Therearenocapitalcommitmentsatyearend.(2013:Nil)

NOTE 13: LEASE COMMITMENTSTheFoundationleasesofficespaceatSportAucklandHouse,theagreementmaybeterminatedbyeitherpartygivingsixmonthswrittennotice.

LeaseCommitmentatyearend:$9,000(2013:$9,000)

NOTE 14: SPONSORSHIP IN KIND Duringthe2014financialyeartheFoundationreceivednon-cashsponsorshipfromMatua,Adidas,NZRugbyWorld,DB,ClaymorePartnersLtdandPanasonic.Thetotalamountreceivedof$73,716hasbeenshownasincomeunderSponsorship,withcorrespondingentriesagainsttheLegalFeesandAdvertisingexpenses.(2013:$34,210).

NOTE 15: RELATED PARTY TheTrusteesoftheBoardhaveaspecialresponsibilitytoco-ordinatewiththeNewZealandRugbyUnioningivingeffecttotheobjectivesoftheFoundation.Inordertomonitorthis,WaynePeters,adirectoroftheNewZealandRugbyUnionisalsoatrusteeofthisFoundation.TheFoundationreceivedgrantsfromtheNewZealandRugbyUnionduringtheyearforuseingeneraloperationsoftheFoundation.

NOTE 16: CHANGE OF NAMETheentityhaschangeditsnamefromRugbyUnionFoundationofNewZealandIncorporatedtoNewZealandRugbyFoundationIncorporatedon14September2013.

22

AUDITOR’S REPORT


ANNUAL REPORT 2014



Crowe Horwath New Zealand Audit Partnership Member Crowe Horwath International

Level 29, 188 Quay Street Auckland Central 1010 New Zealand Tel +64 9 303 4586 Fax +64 9 309 1198 www.crowehorwath.co.nz

Crowe Horwath New Zealand Audit Partnership is a member of Crowe Horwath International, a Swiss verein. Each member firm of Crowe Horwath is a separate and independent legal entity.

INDEPENDENT AUDITOR’S REPORT To the Trustees of The New Zealand Rugby Foundation Report on the Financial Statements We have audited the financial statements of The New Zealand Rugby Foundation on pages 12 to 22, which comprise the statement of financial position as at 31 December 2014, the statement of financial performance, and statement of movements in accumulated finds for the year then ended, and a summary of significant accounting policies and other explanatory information. Trustees’ Responsibility for the Financial Statements The trustees are responsible for the preparation and fair presentation of these financial statements in accordance with generally accepted accounting practice in New Zealand; and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. Auditor’s Responsibility Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with International Standards on Auditing (New Zealand). Those standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor’s judgement, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity’s preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates, as well as evaluating the presentation of the financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. Other than in our capacity as auditor we have no relationship with, or interests in, the foundation. Opinion In our opinion, the financial statements on pages 12 to 22 present fairly, in all material respects, the financial position of The New Zealand Rugby Foundation as at 31 December 2014, and its financial performance for the year then ended in accordance with generally accepted accounting practice in New Zealand.

AUDITOR’S REPORT


Level 29, 188 Quay Street Auckland Central 1010 New Zealand Tel +64 9 303 4586 Fax +64 9 309 1198 www.crowehorwath.co.nz

Crowe Horwath New Zealand Audit Partnership is a member of Crowe Horwath International, a Swiss verein. Each member firm of Crowe Horwath is a separate and independent legal entity.

Report on Other Legal and Regulatory Requirements We have obtained all the information and explanations that we have required; and

In our opinion, proper accounting records have been kept by the foundation as far as appears from our examination of those records.

Crowe Horwath New Zealand Audit Partnership CHARTERED ACCOUNTANTS 3 March 2015 Matters Relating to the Electronic Presentation of the Audited Financial Statements This auditor’s report relates to the financial statements of The New Zealand Rugby Foundation for the year ended 31 December 2014 included on The Rugby Union Foundation of New Zealand website. The Trustees are responsible for the maintenance and integrity of the foundation’s website. We have not been engaged to report on the integrity of the foundation’s website. We accept no responsibility for any changes that may have occurred to the financial statements since they were initially presented on the website. The auditor’s report refers only to the financial statements named above. It does not provide an opinion on any other information which may have been hyperlinked to or from these financial statements. If readers of this report are concerned with the inherent risks arising from electronic data communication they should refer to the published hard copy of the audited financial statements and related auditor’s report dated 3 March 2015 to confirm the information included in the audited financial statements presented on this website. Legislation in New Zealand governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Crowe Horwath New Zealand Audit Partnership is a member of Crowe Horwath International, a Swiss verein. Each member of Crowe Horwath is a separate and independent legal entity. 26


Level 6, 51 Shortland Street Auckland 1010 New Zealand PO Box 158 Auckland 1140 New Zealand Tel +64 9 303 4586 Fax +64 9 309 1198 www.crowehorwath.co.nz

Opinion In our opinion, the financial statements on pages 14 to 24 present fairly, in all material respects, the financial position of New Zealand Rugby Foundation Incorporated as at 31 December 2013, and its financial performance for the year then ended in accordance with generally accepted accounting practice in New Zealand. Report on Other Legal and Regulatory Requirements We have obtained all the information and explanations that we have required. In our opinion proper accounting records have been kept by the foundation as far as appears from an examination of those records.

Crowe Horwath New Zealand Audit Partnership CHARTERED ACCOUNTANTS 12 March 2013

Matters relating to the electronic presentation of the audited financial statements This auditor’s report relates to the financial statements of New Zealand Rugby Foundation Incorporated as at 31 December 2013 included on New Zealand Rugby Foundation Incorporated website. The Trustees are responsible for the maintenance and integrity of the Foundation’s website. We have not been engaged to report on the integrity of the Foundation’s website. We accept no responsibility for any changes that may have occurred to the financial statements since they were initially presented on the website. The auditor’s report refers only to the financial statements named above. It does not provide an opinion on any other information which may have been hyperlinked to or from these financial statements. If readers of this report are concerned with the inherent risks arising from electronic data communication they should refer to the published hard copy of the audited financial statements and related auditors’ report dated 12 March 2014 to confirm the information included in the audited financial statements presented on this website. Legislation in New Zealand governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

24

Therearesomanywonderfulpeople,companiesandorganisationswhodoincrediblygenerousthingsforusbywayofsupportingourevents,donatingmoney,givingustheirtimeandexpertise.Wealsowishtoacknowledgemanyorganisationswithwhomweworksidebysidewithmutualvaluesandgoals.

25

ACKNOWLEDGEMENTS


ANNUAL REPORT 2014



New Zealand Rugby Infinity Foundation LimitedPanasonic NZ LimitedDomion Breweries LtdLion Nathan LtdNZ Rugby World Four WindsGrassroots TrustMatua WinesNorth and South Trust LimitedPelorus TrustAdidas NZ LtdD3 TapeClaymore LawEmirates NZ Harlequins RFCCenturions RFCNZ Barbarians RFCSaracens RFCCantabrians RFCMassey RFCTakapuna RFCAIGACCAlan JohnstoneAotearoa SafarisAmy McNicolArgentinian Rugby UnionArtCom Design & PrintAttitude TVAuckland Conventions Auckland Junior RugbyAuckland RFUAuckland Spinal UnitAustralian Rugby UnionBay of Plenty RFUBarworks LtdBe AccessibleBen MarrisBeverley Hills Health and Beauty Blair StrangBuddy BidBuller RFUBurwood Spinal UnitBrad RoebuckBrady WilliamsBrick Bay Sculpture TrailBryan Johnson

Canterbury RFUCare Group LimitedCath LewisCasa CoyeteChris VincentCKS Thompson FramingClarkson ElectricalCounties Manukau RFUCraig CarianCrew ClubCrowe HorwathDave GibsonDark Horse NZ LtdDave DowdenDavid PaurourDavid PrattDerek BaldwinDevon FundsDIVE TutukakaEast Coast RFUEastbank HoldingsEden Park Trust Board (events)Efficient CouriersErnie DownesEric RoyEssentially GroupExperience GroupFleur TisdaleFrancis Travel MarketingFramington WinesGary ChapmanGavin NellGraham McNallyGill BuddenGlobal Destination Forwarding LtdGrant Calder - Volvo Ocean RaceGrant FoxHawke’s Bay RFUHorowhenua Kapiti RFUHouse of Travel HOT EventsHumes Pipeline SystemsIan FarquharIan MorrisInvacareJan Oram J B WereJohn ClaytonJohn Knowles

John Miller LawJoy Organic CandlesKeri DempsterKim Crawford WinesKing Country RFUKirkpatrick WinesKris Morris-VetteLance FletcherLeigh Sawmill CaféManawatu RFUMarcus WoodhouseMark PowerMark VincentMary ChildsMassey Rugby ClubMatakana Farmers MarketsMelodie RobinsonMid-Canterbury RFUMike CopelandMission Estate WineryMudbrick WineryMurray HansenMizuno NZMoretons Bar and RestaurantNeat Meat LtdNicky HobbsNigel Sterling - Centurions RFCHon Nikki Kaye - MP Central Auckland.North Harbour RFUNorth Otago RFUNorthland RFUNot For me Charitable TrustNZ ParalympicsNZ Rugby Players AssociationNZ Spinal TrustNZ WheelChair RugbyOcean RangerOceans Resort HotelOliver Lee PublisingOmaha Golf ClubOtago RFUPaul Rolten Poverty Bay RFURicky FaintRichard TurnerRoana CarranRob Marshall

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Rob NicholRocpac InternationalRoger and Ruth SpoonerRowana CurrenRyan HenaghanSally BabingtonSam BurtonShane CorteseShona DriverSir Colin and Verna Lady MeadsSlumberzone BedsSouth African Rugby UnionSouth Canterbury RFUSouthland RFU

Steve ArnoldSteve BadenTaranaki RFUTasman RFUTerry Hodges – Air New ZealandThames Valley RFUThe Black FernsThe BluesThe ChiefsThe CrusadersThe Edge – AucklandThe Food Store – Joana DimentThe Food Store – Julie ChristieThe Highlanders

The HurricanesThomas MayoTony FraserTony VeitchVince PayneWaikato RFUWairarapa Bush RFUWaka NathanWanganui RFUWellington RFUWest Coast RFUWill HallWilliam Warn LtdYOURS Design by Andrew Henry

ACKNOWLEDGEMENTS continued

26


ANNUAL REPORT 2014



MEMBERS LIST

Michael&JemmaJohnAlexanderGaryAllenPeterAnsonAndrewArcherKarenArcherGlennBeattieSBeckMichaelBeechMatthewBellinghamRichardBiddlesBarryBoydenTritonBricklayingBillBrianBarryBrownStewartBrowneWallyBuchananNigelBurtonCharlesCatoMattClarkDavidClarksonRAF&JRClubbChrisColeSamColemanAndrewCollettFay&FrankColthurstBrettConnollyHiltonCookTerryCopeMikeCopelandRexCorbettGregCowieB.JCraiesPhilCuffWayneCuffAndyDaltonAnsonDaviesGaryDawsonRogerDoldFrankDoughertyKenDouglasStuartDouglasJohnDowlingIsaacDriverWayneDunningRoger&SandraEasterbrookLennocolEnterprisesSimonEriksenWilliamEriksenTomFailRexFaithfullIanFarquharPaulFarrugiaKenFerguson

AllanMichaelFinlayDanielFinniganRobFisherSteveFisherGrantFoxBillFrancisAndy&TrishGabbCrispinGardnerAnneGatesTonyGatesPhilGeorgeColinGGibbonsJohnGilbertKeithGGillandersSirColinGiltrapGeorgeGoodhenSirDJGrahamAndyHamDavidHandleyHeaney&CoJimHeappeyFamilyE.FHeathRobertVanHeiningenDavidHenryHigginsContractorsLimitedGrantHillRichardHillTraceyHillNickyHobbsPeterHoggAubreHoldingsLewis&SimonHoldworthDarrynHolyoakeJeremyHorrocksSamHowardElliotHudsonAndrewHughesPhyllisHuitemaPeterJalfonMikeJarvisKirstyJohnsonBruceJohnstonDavidJohnstonMonettJohnstonAlanJonesHarveyJuranLeeKeeganBruceKennyBevanKiddJohnKnoxGeoffreyLambAlanLangMikeLeggettAndyLeslie

RaymondLincolnJohnLockieBryceLottCJMonroLtdHarbourCityFinancialServicesLtdStonehurstAccommodationLtdRMLuxfordPeterMacPaulMartinChris&KayMasonJohnRMasonGaryMcDonaldSamMcGredyRossMcIntoshPaulMckayDonaldMcKenzieGarryMcLeanDougMcLeodGarryMcNaughtLadyVernaMeadsSirColinMeadsMauireeMillikenJamesMizenD&JMoloneyRogerMooreFredMorganMariaMorganDrWilliamThomasMorrisV.NMurdochKevinMurphyKANelsonRobNicholWarwickNicollPatO’ConnellDannieO’SheaPaulRaymondOlneyRonPalenskiJeffParsonsonLadyGlennisPettigrewSirRussellPettigrewMerlePictonMurrayPierceBrianPiperMarkPittawayNoelPlumerNeilPollockWCPollockFamilyTonyPotterPhilipPriceAnnPullarPeterReidW.JReillyBorderRugbySportsClubRFC

EastCoastBaysRFCTakapunaRFCWaspsRFCPovertyBayRFUWaikatoRugbyUnionRFUWellingtonRFUPeterRichardsonTheCollegeRiflesRugbyColleenRitchieFrankRitchieMathewSalePatrickSamsonGreameScottWalterSmaillISmithBenSnellingTonySouthallRogerandRuthSpoonerWilliamStewartDonnaTamineyAltonTaylorRobynTaylorStuartTaylorE.WThomasPaulThomsonGerardvanTilborgAndrewTimmsFleur-MareeTisdaleStephenTitterMikeTomlinsonLindsayTownsendMauriceTrappSimonTremainGardnerFamilyTrustKerryVernerJoeWallsDennyWarburtonTomWarrenWatts&HughesConstructionGeorgeWheelerPeterWhiteMLDWilliamsNormWilliamsDonWilsonAllanWolfeNeilWolfgramMurrayWrightRichardWyethBrianFrederickYoungIanYoungPaulYoungerSimonOxnamGrantWilloughby

27

NEW MEMBERS (SINCE AUGUST 2014)

BernieAllenMatthewAutyJoeBlundellStefanBrookMalcolmCampbellRogerChambersSimonCheesmanJeromeChurchmanTimClarkWellingtonFootballClubDavidCowleyDavinaCrouchStuartDriverDaiEvansElveaFaingaa

FionaFenwickAndrewFlexmanKerryGemmellAdamGilshnanMickyGoganPaulHandleyKarenHazardEstherHenryJulieHokiangaCharlotteHoodEmmaKayeLisa&ArohaKingi-BonBelindaLeckieElizabethLeiperKarlLindner

IsabelleLynchMarilynMacRaeKasandGavanMcEntyreSteveMcHardyWarrenMcLeanMarieMcNaughtMadelaineMouldsPeterO’CarrollKirstenPattersonMikePollockAlastairPrattDeedeePrattRonReedyJennieReidGwendolineRewcastle

CatherineSawyerRogerSchererKellyScottLayneShepherdCKSmithRodSmithRogerSowmanMargaretSturmfelsMartinSuKristineSutcliffeCraigThomsonJohnUptonCraigWoodhouseWillCaccia-Burch

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2014 nzrf annual report

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