ANNUAL REPORT For the year ended 31 December 2016

The Garden to Table Trust (the Trust) was established in 2009 to facilitate a programme focused on developing and introducing a curriculum-linked Food Education Programme across all New Zealand primary schools.It is a programme aimed at building skills for life through highly practical, hands-on, child-centric classes not only the teaching of growing and cooking skills, but also building awareness of individual and collective responsibility for the environment, healthy eating and community connectedness.The Trust recognises that many children are disconnected from nature and their food supply, do not recognise common vegetables and know little or nothing about where food comes from, or how to cook it. By connecting grow, harvest, prepare and share as a theme, the programme is designed to be delivered in primary schools engaging specialist garden and kitchen teachers, principals, classroom teachers, families, volunteers and community.

KEY PHILOSOPHIES INCLUDE:

Building childrens future through food education

Teaching the life skills of gardening and cooking, in a practical, hands-on learning environment

Making food a positive part of childrens lives

Putting the school at the heart of its community by involving children, parents, volunteers, local families and businesses

Fostering environmental awareness

Operating with a small dedicated team located in Northland, Auckland, Wellington and Christchurch, the Trust is a not-for-profit charitable organisation relying on the generosity, shared vision and commitment of schools, volunteers, funders, businesses and individuals.

FOR MORE INFORMATION

www.gardentotable.org.nz

www.facebook.com/garden2table

twitter.com/gardentotablenz

info@gardentotable.org.nz

CONTENTS

03 CHAIRS STATEMENT

04 EXECUTIVE OFFICERS REPORT

08 PARTNERS AND SUPPORTERS

10 PERFORMANCE REPORT21 INDEPENDENT AUDITORS REPORT 24 TRUST DIRECTORY

Full programme schools have increased by eight to 42, enabling 500 more children to participate in learning to grow, harvest, cook and share good food at school. 4923 children are now cooking and gardening for 246 hours a week.

Building on the work commenced in 2015, the extensive online resource library, with curricula resources for teachers and guidance for kitchen/garden specialists, was launched in August alongside the announcement of our first ambassador, Chef Al Brown. This in turn enabled the Trust to launch the new online programme, designed to provide a long-term income stream for the Trust. At years end this had eight subscribers, a slightly slower pick up than expected.

However, the value of this on-line facility will soon become even more apparent with the introduction of Empower, a partnership with The Life Education Trust, designed to bring Garden to Table to 170 more schools over two years, via the online platform. The Trust was delighted to be invited to be part of this ground breaking programme funded by the 2016 Warehouse Group Gala Dinner.

Although it continues to be a time consuming endeavour to secure, funding for the year was successful and enabled the Trust to grow and deliver a small surplus for the year. Our key partners continued their significant support allowing several more schools to adopt Garden to Table.

Throughout the year, increasing awareness around the importance of food education and food literacy has helped to raise the Trusts profile, resulting in positive media about our work. Our presence at two major consumer events in the latter part of the year assisted with this also.

Support of the 42 Garden to Table schools around the country is carried out by a dedicated team of programme coordinators in the main centres and in Northland. Alongside them are an increasing number of volunteers within the schools and our organisation.

The Garden to Table head office moved to new and larger space early in the year, which has enabled staff to work together more frequently and easily in more comfortable surroundings.

The Trust was pleased to appoint a new trustee to the board. Deborah Pead is CEO of Pead PR and has been a strong supporter of the Trust since its inception. Deborah brings strength to the board in the area of public relations and communications. Also, late in the year, we appointed a second Ambassador, nutrition and good food journalist and commentator Niki Bezzant.

2017 will bring growth and new initiatives, none of which can be achieved without the loyal and dedicated work of the Trustees, who give many hours of their time to the management of the Trust and to furthering its work and profile. All of us enjoy the opportunity to visit schools throughout the year to meet the children, teachers, specialists and volunteers, without whom Garden to Table would not be possible. We thank all who have supported Garden to Table throughout 2016.

CATHERINE BELL Founding Trustee and Chair Garden to Table Trust

Chairs StatementThe 2016 year saw pleasing development and growth within the Trust and the programme itself, under the new leadership of Executive Officer, Linda Taylor. Linda picked up the reins with enormous enthusiasm and has achieved a great deal in her first year, given the normal and expected constraints of funding and staffing.

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Such opportunities, however, can also be a source of resource strain if not carefully managed, and this is a current, yet positive, challenge for the Garden to Table team.

Through the Empower programme, generously supported by The Warehouse Foundation and funds from The Warehouse Gala Dinner, Garden to Table and Life Education will bring comprehensive food and nutrition education to 32,000 children in 170 schools across Aotearoa by the end of 2018.

Astonishingly, New Zealand has the third highest rate of obesity in the OECD, after the USA and Mexico, with childhood obesity an increasing health issue for Kiwi kids. Research shows that obese children are more likely to suffer from heart disease, liver disease and diabetes, achieve less academically, earn less over their lifetime and experience higher levels of discrimination. The World Health Organisation, in it's Report of the Commission on Ending Childhood Obesity published in 2016, identified 6 key strategies to end childhood obesity. These included:

"The implementation of comprehensive programmes that promote healthy school environments, health and nutrition literacy and physical activity among school-age children and adolescents

The Empower programme meets this objective in a fun, engaging and sustainable way, and we are excited to be bringing Empower to schools around the country.

New Initiatives:In 2016 we were delighted to welcome Al Brown and Niki Bezzant to the Garden to Table family as our first Ambassadors. Their enthusiasm for the work we do, together with their willingness to give their time, knowledge and expertise, is something we value hugely and we are extremely grateful to them both. We will continue to work with both Al and Niki on new projects and initiatives.

Merchandise:The Garden to Table Range of merchandise was launched in time for Christmas and we are excited by the positive response to this fundraising initiative. Like many not-for-profit organisations around New Zealand, Garden to Table

does not receive government funding and we are reliant on our generous corporate partners, donors and funding bodies to support the work of the Trust.

Activities such as the Garden to Table merchandise range and the Seed Fund, a new membership initiative to be launched early in 2017, are further ways we aim to engage with our stakeholders in a meaningful, valuable and sustainable manner.

Moving Forward:We have ambitious objectives for 2017 as we work to ensure every child in New Zealand is able to grow, harvest, prepare and share good, nourishing food. These would not be possible without the continued support and encouragement of the Garden to Table Trustees, staff and corporate partners, and I would like to express my personal thanks to you all for the confidence you have shown in me over the past 12 months. I look forward to an exciting year in 2017.

Good harvests

Executive Officers Report2016 has been both exciting and challenging in equal measure. The launch of Garden to Table Online, together with our partnership with Life Education Trust to offer the Empower programme, has provided us with great opportunity for growth.

04

LINDA TAYLOR Executive OfficerGarden to Table Trust

05

Wesley School, joined Garden to Table February 2017supported by the Air Liquide Foundationphotos generously taken by Tobias Kraus,; www.tobiaskraus.com

42SCHOOLSNATIONWIDE

HOURSOF WEEKLY GARDENING & COOKING LESSONS

246

GROWING, HARVESTING, PREPARING AND SHARING

4923CHILDREN EVERY WEEK

NORTHLAND Kerikeri Primary Ruakaka

AUCKLAND East Tamaki Meadowbank Peninsula Owairaka Dawson Road Edendale Flatbush St Marys Sir Edmund Hilary Te Huruhi, Waiheke Mangere Central Kaurilands Glen Eden Papatoetoe West Dingwall Trust

St Annes Holy CrossNewtown

NELSON Victory

CHRISTCHURCH/LYTTELTON Diamond Harbour St Martins Wainoni Oaklands Northcote North Loburn KaiapoiRiccartonCasebrook Intermediate

GARDEN TO TABLE SCHOOLS

0606

Mt Richmond Special School Maungawhau St Francis Catholic School Roscommon Robertson Rd Glenfield Forrest Hill

THAMES/WAIKATO Moanataiari

HAWKES BAY Haumoana

WELLINGTON Cannons Creek Pukeatua Maoribank

8ONLINESCHOOLS

Digging up weeds in the garden Children enjoying cookingThe smell of delicious food Children sharing the meal Garden to Table is awesome. By Zac

07

Children mincing Doing the dishes Holding knife carefully Planting seeds Cutting woodIt is so funI love it.By Vaughn

"As we plant the seed, we pick out the weedsWe tell the seed to SPROUT SPROUT SPROUT!Come on little seed come out, come out!After a few days, the sprout is pretty low, but everyone is happy because it did grow!Now the sprout is a garden friend, we will look after it until the very end!We water and care for every plant, we will even give it a stick if it slants.Then we pick our plants to eat, that's the part we get a treatWe give it to the kitchen and let the plant cook, sometimes we even take a tinsy look.When the cooks are done, here comes the funNow it's time to munch, munch, munch here is the delicious lunch!We all had fun on a garden to table day, everyone forever wants to stay!!!"By Ridha

"The kitchen is fun washing your hands peeling and chopping vegetables cooking delicious cupcakes delicious smellsblending food together mixing flour and oil baking lovely apple pie Garden Table is the best." By Farman

"Garden to Table is funyou can cook, eat, and gardenI love eating the most.Sawing wood, getting your hands dirty harvesting scrumptious vegetables, looking at different bugscooking good smelling food, chopping and crying from the big messy onions giving thanks to all the volunteers eating delicious food andtrying new things." By Fiona

Thank you to the many organisations and individuals who support Garden to Table. Your support is invaluable.

Partners and Supporters

COMMUNITY PARTNERS: We would like to acknowledge the support and commitment of our Community Partners, who support a number of individual schools through financial and resource support.

TRUST OPERATIONSFinancial Support For operational costs and development of curriculum and programme resources

Air Liquide Foundation Almighty JuiceAuckland Community Trust Business World Travel Citta DesignCOGS GrantsEndeavour Community Foundation Epicure TradingFiesta BulbsGarden Design Fest (Newmarket Rotary)Kiehls

Lottery Grants BoardMcGregorsOne Percent Collective Pub CharityRata FoundationScarlet Trust Southern TrustThe Tindall FoundationThe True Honey CompanyThe WarehouseTJ McCarthy TrustT&G Global

Goods and Services AugustoBenefitzBrookfields Cornerstore

NZ PostPead PRSpecial Group Stephenson Thorner

GARDEN TO TABLE SCHOOLS

Financial Support Air Liquide Foundation Auckland Council Healthy Futures Trust J McLaughlin Trust

T&G GlobalThe Tindall FoundationThe WarehouseWellington City Council

Goods and Services AHM (McGregors) Bell TeaCitta DesignFiesta BulbsKitchenAid Living Earth

Omni Products The True Honey CompanyThe Warehouse Tui ProductsVillage Press Olive Oil

08

09

Garden to Table AmbassadorAl BrownChef, author, restauranteur

Garden to Table Ambassador Niki Bezzant

Founding Editor, Healthy Food Guide

PERFORMANCE REPORT FOR THE YEAR ENDED 31 DECEMBER 2016

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, __ j

Entity InformationFOR THE YEAR ENDED 31 DECEMBER 2016

Legal Name of Entity: Garden to Table TrustOther Name of Entity (if any): Garden to TableType of Entity and Legal Basis (if any): Charitable Trust and Registered CharityRegistration Number: CC37743

Entity's Purpose or Mission:Garden to Table was established in 2009 to facilitate a programme focused on developing and introducing a curriculum-linked Food Education Programme across all New Zealand primary schools. We do this by:

Providing resources and face to face support to schools in Garden to Table hubs, to offer weekly orfortnightly kitchen and garden sessions

Providing online resources to all primary and intermediate schools around New Zealand who are notable to access a Garden to Table Hub, so they are also able to begin providing weekly or fortnightlykitchen and garden sessions.

Entity Structure:Trust Structure: Our Trust Deed states that we must have between two and ten Trustees. We currently have six Trustees that constitute our governance board, including three executive officer positions: chair, treasurer and secretary. Trustees/governance members may lead sub-committees as determined by our annual work plan and priorities.

Operational Structure: Our operations are managed by a team of eight paid employees. We employ an Executive Officer, an office administrator, a programme manager, fundraiser and accounts person. We have five programme coordinators based in Northland, Auckland, Wellington and Christchurch. Volunteers support us with our various activities throughout the year.

Main Sources of the Entity's Cash and Resources:Garden to Table receives funds from grant bodies, philanthropic trusts, corporate partners and individual donors. Schools also pay a membership fee and annual subscription.

Entity's Reliance on Volunteers and Donated Goods or Services:The operation of the Trust does not rely on volunteers, other than the volunteer Trustees. Donated services include legal support from Brookfields, and PR support from Pead PR. Garden to Table schools also receive donated products which are arranged through Garden to Table.

Contact Details:

Physical Address: 31-33 Ruskin Street, Parnell, Auckland 1052Postal Address: PO Box 90-428, Victoria Street West, Auckland, 1142Phone: (09) 379 8670Email: info@gardentotable.org.nzWebsite: www.gardentotable.org.nzFacebook: www.facebook.com/garden2table

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Statement of Service PerformanceFOR THE YEAR ENDED 31 DECEMBER 2016

Description of the Entity's Outcomes:To build skills for life through highly practical, hands-on, child-centric classes teaching growing and cooking skills and developing a love of fresh fruits and vegetables that they will take with them as they grow.

Description and Quantification (to the extent practicable) of the Entity's Outputs: This Year Last Year

Actual Actual

Number of full programme schools nationwide

Number of online schools nationwide (assumes min of 3 classes per school, of 30 students)

Number of hours of weekly garden and cooking sessions (# classes x 90 min sessions)

Number of children growing, harvesting, preparing and sharing at schools

(school x number of classes per week x avg class size of 30. Avg of 3 classes per week)

42 34

8* 0

246 200

4,923 4000

Number of hours spent on food literacy mentoring and training

(Area Coordinators x 50% oftime on school mentoring and training) 1,500 1,200

*Online Programme was slower than anticipated to establish, however in 2017 the Empower Programme has subsidised 70 Onlineprogrammes that will be promoted by Life Education Trust directly to schools.

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Additional Information:

Poems by Pupils:Garden to Table is my favouriteYou put on bootsUse rakes, spades and shovelsDigging, pulling weeds, checking vegetablesLearning about different plantsSeeds grow and growYou eat and eat in the kitchen Red apron with red tomatoesReading the recipes Peeling, baking and finallyMaking delicious foodMany thanks to all helpers.By May

Digging up weeds in the gardenChildren enjoying cookingThe smell of delicious foodChildren sharing the mealGarden to Table is awesome.By Zac

Children mincingDoing the dishesHolding knife carefullyPlanting seedsCutting woodIt is so funI love it.By Vaughn

Quotes about Garden to Table:

Children really enjoy the programme because its authentic learning, learning with a real purpose. They enjoy being outside, in the kitchen and working in small groups with the garden and kitchen facilitators and volunteers. The children absorb information more readily because they are learning in a hands-on and fun way. Children not only spend time in the garden, but they learn the science behind growing and harvesting food, working as a team and the social aspect of dining.Sarah Mirams, Principal.

The Garden to Table programme is such a wonderful asset to our school. From the onset we have been on the go. Our children are enthusiastic about what they are learning. They are asking more questions, they are becoming more inquisitive and more importantly they are learning to respect their own environment and each other. It is literally taking the classroom outside the four walls that they are so used to and opening their eyes to other ways of teaching and learning. They are so many advantages to this programme.Hunua Williams, Environmental Team Leader.

Being a parent helper for GTT is genuinely rewarding. Watching the kids gain new skills that promote health and sustainability is great in itself, but has also seen us build our own vege garden at home and take pride and enjoyment in eating what we produce.I can honestly say that my daughters have learn so much and had their eyes opened to not only the possibility of producing your own vegetables and eating healthily but also good habits around sustainability and recycling. Im convinced that learning has improved as a direct result of learning outside the classroom too.Andrew, parent helper

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Statement of Financial PerformanceFOR THE YEAR ENDED 31 DECEMBER 2016

NotesDec-16 Dec-15

(restated)

RevenueDonations $44,169 $49,850Donations and Services in Kind $22,802 $40,609Fundraising $16,920 $7,584Grants $201,561 $171,485GTT School Set up and Support 1 $38,614 $54,593

Partnership Funding $26,947 $54,149Interest Income $3,322 $5,257

Total Revenue $356,117 $383,527

$0

Less Operating Expenses

Direct Cost of Fundraising $6,819 $17,444Service Delivery In schools

2

$19,349 $54,560Service Delivery Operational $146,725 $86,852Direct Operating Expenses $172,893 $158,856

Depreciation and Impairment $1,443 $722Overheads and Administration $138,184 $137,299Research and Development $11,987 $38,440Other Operating Expenses $151,614 $176,461

Total Operating Expenses $324,507 $335,317

Surplus $31,610 $48,210

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Other Income $1,782

1

1

Statement of Financial PositionAS AT 31 DECEMBER 2016

Notes31 Dec 2016

AssetsTotal Cash and Cash Equivalents $135,073 $64,922Accounts Receivable $7,976 $19,321GST Receivable $0 $1,404Prepayments $18,246 $2,907

Total Current Assets $267,539 $191,955

Non Current Fixed Assets

3

$2,199 $3,304

Total Assets $269,738 $195,259

LiabilitiesCurrent LiabilitiesAccounts Payable $8,846 $22,851Credit Card $1,476 $1,593GST Payable $1,503 $0Funding in Advance 5 $133,061 $78,542

$9,954 $8,985Accruals and Other PayablesTotal Current Liabilities $154,840 $111,971

Total Liabilities $154,840 $111,971Net Assets $114,898 $83,288

Surplus for the Year $31,610 $48,210

These financial statements were approved by the Board of Trustees.

Anthony Self

Trustee

Catherine BellTrustee

Dated: 12 April 2017

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31 Dec 2015(restated)

Short-Term Investment $106,244 $103,401

4

Accumulated FundsAccumulated Surplus from the Beginning of the Year

Total Accumulated Funds $114,898 $83,288

$83,288 $35,078

6

Statement of Cash FlowsFOR THE YEAR ENDED 31 DECEMBER 2016

Dec-16 Dec-15

Cash Flows from Operating Activities

Cash was received from:Donations, fundraising and other receipts

School joining fee and subscriptions

Grants received

Other Income

$88,036$49,959

$240,740

$5,104

$111,583

$46,696

$85,597

$5,257

Net GST

Cash was applied to:

Payments to suppliers and employees

Net Cash Flows from/(used in) Operating Activities

$2,905 ($11,914)

($313,295) ($276,975)

$73,450 ($39,756)

Cash Flows from Investing and Financing Activities

Cash was received from:

Receipts from the sales of short-term investment $103,401 $100,000

Cash was applied to:

Payment to purchase computers and equipment

Payment to purchase short-term investment

Net Cash Flows used in Investing and Financing Activities ($3,182) ($6,841)

($339) ($3,440)

Net Increase / (Decrease) in Cash $70,268 ($46,597)

Opening Cash

Closing Cash

This is represented by:

Bank Account and Cash

Credit Card

$63,329 $109,926

$133,597 $63,329

$135,073 $64,922

($1,476) ($1,593)

$133,597 $63,329

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($106,244) ($103,401)

Notes to the Performance Report

BASIS OF PREPARATION

Garden to Table Charitable Trust (the Trust or GTT) is a trust, based in Auckland that oversees the Garden to Table food education and food literacy programme nationally. It is incorporated under the Charitable Trusts Act 1957 and registered under the Charities Act 2005. The Trust was approved as a Charitable Entity on 16 February 2009 by DIA Charities Services (Registered Charity CC 37743).

The Trust has elected to apply PBE SFR-A (NFP) Public Benefit Entity Simple Format Reporting - Accrual (Not-For-Profit) on the basis that it does not have public accountability and has total annual expenses of equal to or less than $2,000,000. All transactions in the Performance Report are reported using the accrual basis of accounting. The Performance Report is prepared under the assumption that the entity will continue to operate in the foreseeable future.

General and Services Tax (GST)All amounts are recorded exclusive of GST, except for Account Receivables and Account Payables which are stated inclusive of GST.

Income TaxThe Trust is wholly exempt from New Zealand income tax having fully complied with all statutory conditions for these exemptions.

Bank Accounts and CashBank accounts and cash in the Statement of Cash Flows comprise cash balances and bank balances (including the credit card balance).

Receivables and other assetsReceivables are initially recognised at fair value and considered for impairment when they are past due or when there is evidence that a specific counter-party will default. Bad debts are written off in the year in which they are identified. Receivables include GST where GST has been invoiced.

Non Current Fixed AssetsFixed assets are recorded at cost less accumulated depreciation and any impairment losses. When a fixed asset is disposed of, the gain or loss is recognised in the reported surplus or deficit and is calculated as the difference between the net proceeds from disposal and the carrying amount of the asset. At each reporting date, the carrying amounts of fixed assets are reviewed to determine whether there is any indication of impairment, and if such indication exists then the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss. Impairment losses are recognised in the reported surplus or deficit. Depreciation of fixed assets is calculated at the maximum rates applied to each class of fixed asset as follows:

Computers & office equipment: 50% diminishing valueGarden infrastructure: 4% to 8% diminishing value.

Payables and other liabilitiesPayables are recognised when the Trust becomes obligated to make future payments resulting from the purchase of goods and services. Payables are stated inclusive of GST. The net amount of GST payable to (or receivable from) the Inland Revenue Department is included as part of payables (or receivables). Provisions for employee benefits are accrued and measured based on accrued entitlements at current rate of pays. These include salaries and wages accrued up to the reporting date and annual leave earned but not yet taken. Other provisions are recognised when there is a present legal or constructive obligation as a result of past events where it is probable that there will be expenditure required to settle the obligation but when the settlement amount and/or timing is uncertain.

Contingent liabilities are not recorded in the statement of financial position but are reported in the notes to the performance report.

Revenue recognitionRevenue shall be recorded on the occurrence of a recognition event. This is when there is a legal right to receive cash either now or sometime in the future. The timing of the recording of specific revenue types is provided as follow:

Grants, donations, partnership and fundraising revenue includefunds given by business charitable and philanthropic organisations. Revenue is recognised upon receipt, unless there is a use or return condition. Where there are unfulfilled use or return conditions attached to the grants, the amount relating to the unfulfilled conditions is recognised as a liability and released to revenue as the conditions are fulfilled.

School joining and subscription fees record as revenueevenly over the period in which the services are provided tothe schools. Other fees and subscriptions are recorded asrevenue when cash received.

Interest income recorded as revenue as it is earned duringthe period.

Operating expensesIncluded in the operating expenses are costs associated with school set up, training and development for GTT schools, some of which is directly funded by the schools and or external supporters (refer School Set up and Support income). Expenditure on research and development activities, undertaken with the prospect of gaining new sector knowledge and understanding (e.g. with respect to food literacy), is recognised in the statement of financial performance when incurred. Curriculum development costs include the preparation of Guides for GTT schools, and material for delivery of gardening and cooking lessons, as well as collection and collation of resources for classroom lessons. 17

Notes to the Performance Report

Changes in Accounting Policies

Changes due to the initial application of a new, revised and amended PBE Standards.

This is the first performance report for the Trust and it is presented in accordance with PBE standards. The accounting policies adopted in these financials statements are consistent with those of the previous financial year, except for instance when the accounting or reporting requirements of a PBE standard are different to requirements under New Zealand Financial Reporting Standards and relevant Statements of Standards Accounting Practice (FRS and SSAP) as outlined below:

Revenue recognition difference:PBE-SFR-A prescribes the financial reporting requirements for revenue recognition. There is no equivalent financial reporting standard under FRS and SSAP. The application of this standard affected the Trust's accounting for grants revenue. In the previous financial year, grants received in relation to the provision of a service were recognised as revenue on a percentage of completion basis. PBE-SFR-A requires revenue such as grants, to be recognised as revenue as they are received, unless the grant meets the definition of and recognition criteria for a liability. Grants can only be deferred and recognised as a liability if there is a condition attached to the grant that require an entity to use the grant as specified or return of the grant if the entity does not perform as specified.

The classification of cash and cash equivalents Under PBE Standards, cash and cash equivalents in the statement of financial position comprise cash at bank and in hand and short-term deposits with an original maturity of three months or less that are readily convertible to known amounts of cash and which are subject to an insignificant risk of changes in value.

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Term deposits with a maturity date of three months or more were reallocated to Short term investments from Cash and Cash Equivalents

Statement of cash flows

A statement of cash flows has been prepared.

Note 1 - Revenue Items

a) GTT School Setup and Support:

The Trust receives income from GTT schools and external supporters that directly supports school set up, training and development costs for schools in the Trusts programme in the financial year. In the first year of the programme each school receives approximately $4,700 of value in goods and services from GTT and its supporters. These goods and services are dispatched and delivered directly by the provider to the school so are not included in these financial accounts, and vary from year to year, and by school location. This does not include any value placed on volunteer referrals.

b) Grants:

As described in the Accounting Policies Applied section of this Performance Report the Trust's accounting for grants revenue has changed in 2016. In the previous financial year, grants received in relation to the provision of a service were recognised as revenue on a percentage of completion basis whereas in 2016 grants have been recognised as revenue when they are received, unless the grant meets the definition of and recognition criteria for a liability.

This means that revenue is recognised in advance of costs of delivery. We highlight the impact of the adoption on revenue below (refer also to Note 6).

Dec 2016 Dec 2015

Grants

As if reported under accounting policy in 2015

Net Impact of new accounting policy

Per the statement of financial performance

$175,894

$25,667

$201,561

$129,408

$42,077

$171,485

Note 2 - Operating ExpenditureThe following expenses were included in the 2016 accounts.

Auditor remuneration $3,500 (2015 - $2,500), Trustees fees $nil (2015 - $nil), Donations $nil (2015 - $nil) and operating lease payments $8,912 (2015 - $14,747). The largest expense category is wages, salaries and other staff costs which relates to fund raising, service delivery and administration for the Trust and the Garden to Table programme. This totaled $192,476 in 2016 (2015 - $182,592).

Note 3 PrepaymentsPrepayments include merchandise prepayments of $15,400 (2015 - $nil). Merchandise include notebooks, aprons and tote bags andwill be sold as a fundraising activity.

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NOTE 4 FIXED ASSETS At 31 Dec 2016 At 31 Dec 2015Computers and Office Equipment

At cost $5,004 $3,911

Purchases at cost during the year $399 $3,440

Less accumulated depreciation -$3,114 -$2,190

Less accumulated disposals/impairments $0 -$1,857

Value at year end $2,199 $3,304

NOTE 5 FUNDING IN ADVANCEFunding in advance consists of two categories of funding which are shown as below:

At 31 Dec 2016 At 31 Dec 2015(restated)

Grant Funding $59,061 $39,668

Partnership Funding $74,000 $38,874

Total Funding in Advance $133,061 $78,542

c) Donation and Services in Kind

The Trust received the donations and services in kind as below

Marketing Service

Website hosting service

Air tickets to board and management

Legal Services

Gloves

Others

Dec 2016 Dec 2015

$9,200

$8,400

$2,951

$1,482

$0

$770

$20,803

$7,665

$1,999

$1,246

$5,640

$17,777

$5,598

$40,609Total Services in Kind

Notes to the Performance Report

Note 7 Related Party Transactions

The Trust has related party relationships with its Trustees. Unless otherwise stated transactions with related parties are on an arms-length basis. Trustee fees were $nil (2015 $nil).

The Trust from time to time uses the services of Trustees, or employees or advisors to companies of Trustees. The amounts billed were on normal market rates. Other transactions include:

In 2016 Garden to Table sub-leased office space from EpicureTrading, a business owned by Catherine Bell, Trustee, at a cost of$125 per week. Total rental cost for the year is $4,375 (2015 nil).Epicure Trading has managed the dispatch and delivery of orderedGTT merchandise. Epicure Trading has on-charged to GTT onlypostage costs)The Trustees make donations to the Trust throughout the year insupport of events. There have been no significant donations fromTrustees during 2016. (2015 no significant donations)Legal work was performed pro bono by Brookfields Lawyers tothe value of $1,482 (2015 - $5,460). Andrew Green, who is apartner at Brookfields Lawyers, is also a Trustee of the Trust.Pead PR provides pro-bono PR services to Garden to Table to thevalue of $9,200 in 2016 (2015 - $nil). Pead PR is a business ownedby Deborah Pead, Trustee of the Trust.

Note 8 - Contingent Liabilities and Operating Lease Commitments

A rolling lease of $125 per calendar week exists for the mezzanine space of 31-33 Ruskin Street, Parnell, which came into effect on 15 March 2016. This is a related party transaction between Epicure Trading, a business owned by Catherine Bell, Trustee, and Garden to Table Trust

In addition, the Trust has two rental agreements with Computer Leasing NZ Ltd. The commitments for 2017 is for $2,384 and beyond 2017 is $972.

There are no known contingent liabilities (2015 - $nil)

Note 9 - Subsequent Events

There are no known subsequent events.

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NOTE 6 RESTATEMENT OF ACCUMULATED FUNDS

Opening accumulated funds (previously stated)

Surplus for the year (previously stated)

Adjustment for the change in accounting policies due to the 'use or return' condition in revenue

Restated accumulated funds as at 31 December 2015

$35,078

$6,133

$42,077

$83,288

Restated opening balance - 1 January 2016 $83,288

Surplus for the year $31,610

Closing accumulated funds - 31 December 2016 $114,898

THE POWER OF BEING UNDERSTOODAUDIT | TAX | CONSULTING

RSM Hayes Audit is a member of the RSM network and trades as RSM. RSM is the trading name used by the members of the RSM network. Each member of the RSM network is an independent accounting and consulting firm which practices in its own right. The RSM network is not itself a separate legal entity in any jurisdiction.

Independent Auditors Report

To the Trustees of Garden to Table Trust

RSM Hayes Audit

PO Box 9588 Newmarket, Auckland 1149

Level 1, 1 Broadway Newmarket, Auckland 1023

+64 (9) 367 1656www.rsmnz.co.nz

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Opinion

We have audited the performance report of Garden to Table Charitable Trust (the trust), which comprises:

- the entity information;

- the statement of service performance;

- the statement of financial position as at 31 December 2016;

- the statement of financial performance for the year then ended;

- the statement of cash flows for the year then ended; and

- the statement of accounting policies and notes to the performance report.

Basis for opinion

We conducted our audit of the statement of financial performance, statement of financial position, statement of cash flows, statement of accounting policies and notes to the performance report in accordance with International Standards on Auditing (New Zealand) (ISAs (NZ)), and the audit of the entity information and statement of service performance in accordance with the International Standard on Assurance Engagements (New Zealand) ISAE (NZ) 3000 (Revised). Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the performance report section of our report.

We are independent of the trust in accordance with Professional and Ethical Standard 1 (Revised) Code of Ethics for Assurance Practitioners issued by the New Zealand Auditing and Assurance Standards Board, and we have fulfilled our other ethical responsibilities in accordance with these requirements.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Other than in our capacity as auditor we have no relationship with, or interests in the Trust.

THE POWER OF BEING UNDERSTOOD

AUDIT I TAX !CONSULTING

RSM Hayes Audit is a member of the RSM network and trades as RSM. RSM is the trading name used by the members of the RSM network. Each member of t11e RSM network is an independent

accounting and consulting firm whlch practises in lts own right The RSM netwo rk Is not Itself a separate legal entity in any jurisdiction.

In our opinion:

a) the reported outcomes and outputs, and quantification of the outputs to the extent practicable, in thestatement of service performance are suitable;

b) the performance report on pages 10 to 20 presents fairly, in all material respects:

the entity information for the year ended 31 December 2016; the service performance for the year ended 31 December 2016, and the financial position of the entity as at 31 December 2016, and its financial performance and cash

flows for the year then ended,

Other information

The trustees are responsible for the other information. The other information comprises chair's statement, executive officers' report, list of partners and supporters and the trust directory on pages 1 to 9, and pages 24 to 25 (but does not include the performance report and our auditor's report thereon), which we obtained prior to the date of this auditor's report. Our opinion on the financial statements does not cover the other information and we do not express any form of audit opinion or assurance conclusion thereon.

In connection with our audit of the performance report, our responsibility is to read the other information identified above and, in doing so, consider whether the other information is materially inconsistent with the performance report or our knowledge obtained in the audit, or otherwise appears to be materially misstated. If, based on the work we have performed on the other information that we obtained prior to the date of this auditor's report, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Responsibilities of trustees for the performance report

The trustees are responsible, on behalf of the entity, for: (a) Identifying outcomes and outputs, and quantifying the outputs to the extent practicable,

that are relevant, reliable, comparable and understandable, to report in the statement ofservice performance;

(b) the preparation and fair presentation of the performance report which comprises: the entity information; the statement of service performance, and the statement of financial performance, statement of financial position, statement of cash flows,

statement of accounting policies and notes to the performance report in accordance with PublicBenefit Entity Simple Format Reporting - Accrual (Not-For-Profit) issued in New Zealand by theNew Zealand Accounting Standards Board, and

(c) for such internal control as the trustees determine are necessary to enable the preparation of theperformance report that is free from material misstatement, whether due to fraud or error.

In preparing the performance report, the trustees are responsible, on behalf of the trust, for assessing the trust's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the trust or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the performance report

Our objectives are to obtain reasonable assurance about whether the performance report is free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (NZ) and ISAE (NZ) 3000 (Revised) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of this performance report.

As part of an audit in accordance with ISAs (NZ) and ISAE (NZ) 3000 (Revised), we exercise professional judgement and maintain professional scepticism throughout the audit. We also:

Identify and assess the risks of material misstatement of the performance report, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Obtain an understanding of internal control relevant to the audit 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 society's internal control.

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RSA

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RSI\A

Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates

and related disclosures made by management.

Conclude on the appropriateness of the use of the going concern basis of accounting by the board

members and, based on the audit evidence obtained, whether a material uncertainty exists related to events

or conditions that may cast significant doubt on the society's ability to continue as a going concern. If we

conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the

related disclosures in the performance report or, if such disclosures are inadequate, to modify our opinion.

Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However,

future events or conditions may cause the society to cease to continue as a going concern.

Evaluate the overall presentation, structure and content of the performance report, including the

disclosures, and whether the performance report represents the underlying transactions and events in a

manner that achieves fair presentation.

Perform procedures to obtain evidence about and evaluate whether the reported outcomes and outputs,

and quantification of the outputs to the extent practicable, are relevant, reliable, comparable and

understandable.

We communicate with the board regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

Who we report to

This report is made solely to the trustees, as a body. Our audit has been undertaken so that we might state to the trustees those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the trust and the trustees as a body, for our work, for this report, or for the opinions we have formed.

RSM Hayes Audit

Auckland

8 May 2017

TRUST BOARD AND TRUSTEES

Catherine Bell CCP

Andrew Green LLB

Anthony Self FCA

Diana Hegan

Greig Buckley

Deborah Pead (appointed on 20 July 2016)

EXECUTIVE OFFICER

Linda Taylor

BANKER

ASB Bank Ltd

AUDITOR

RSM Hayes Audit, Auckland

CONTACT DETAILS

Garden to Table Trust PO Box 90 428 Victoria Street West Auckland 1142 New Zealand

09 379 8670 www.gardentotable.org.nz

CHARITY REGISTRATION

CC 37743

Trust Directory

FOR MORE INFORMATION

www.gardentotable.org.nz

www.facebook.com/garden2table

twitter.com/gardentotablenz

info@gardentotable.org.nz

PO Box 90 428 Victoria Street West Auckland 1142 New Zealand

09 379 8670

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