The Annual General Meeting of the Manawatu Racing Club will be held in the Members Stand Ground Floor,

Wellfi eld Room (next to the Raceday Offi ce), Awapuni Racecourse, Palmerston North on Tuesday 22 October 2013 at 5.30pm.

Refreshments and a light supper will be served following the AGM.

MANAWATU RACINGCLUB (INC)

NOTICE OF ANNUAL GENERAL MEETING

2013/2014 MANAWATU RACING CLUB COMMITTEE

AGM BUSINESS

President Mr Rex Fell

Vice Presidents Mr Paul Humphries and Mr Craig Sheridan

Honorary Treasurer Mr Martin How

Committee Mr Adrian Broad, Mr Willie Duncan, Mr Brendon Hapeta, Mr Graeme Martin,

Mr Andrew MacDonald, Mr John O’Brien, Mr Kevin Tod and Mr John Naylor

Race Day Stewards Mr Warwick Beattie, Mr Wayne Kitching, Mr David Leamy, Mr Hamish MacDonald,

Mr Kevin O’Neil, Mr Mike Parker, Mr Anthony Rowden and Mr Roger Sugrue

1. To receive and consider the Annual Report and Balance Sheet.

2. Election of Offi ce Bearers. The following have been nominated.

President R S Fell

Vice Presidents P Humphries and C R Sheridan

Treasurer J Naylor

Members of the Committee (4 to be elected)

NOMINEE NOMINATED SECONDER

*A P Broad G W Martin M R How

*W Duncan R S Fell P Humphries

T M Climo R S Fell G W Martin

C Loach P Humphries C R Sheridan

* denotes Committeeman seeking re-election

As nominations do not exceed the number vacancies no election is required.

3. To consider the following notice of motion resulting from the recommendation of the Committee:

That in accordance with the Rules that Graeme Martin be nominated as a Life Member of the

Manawatu Racing Club (Inc).

4. Appointment of Auditor

5. General Business

RACEMEETING STEWARDS – Election of Offi ce bearers

The following have been nominated:

Representative on the Committee of the Club:

(a) Mr Andrew MacDonald (who will retire in accordance with the rule) is available for re-election as

Associate Representative on the Committee.

(b) Raceday Stewards: (three to be elected). Messrs W G Beattie, K O’Neil, and Roger Sugrue. As

nominations do not exceed number of vacancies no election is required.

Alasdair RobertsonChief Executive

Note 1STATEMENT OF ACCOUNTING POLICES

REPORTING ENTITYManawatu Racing Club Incorporated is an incorporated society established under the Incorporated Societies

Act 1908.

General Accounting PrinciplesThe general accounting principles recognised as appropriate for the measurement and reporting of results

and fi nancial position on an historic cost basis have been consistently followed except as specifi cally

mentioned below.

Specifi c Accounting PoliciesThe following specifi c accounting policies, which materially aff ect the measurement of fi nancial performance

and fi nancial position, have been applied.

The Manawatu Racing Club Incorporated qualifi es for diff erential reporting as it is not publicly accountable

and it does not qualify as large. The Club has applied the diff erential reporting exemptions allowed in

relation to the following standards:

FRS 31: Disclosure of Information about Financial Instruments

FRS 10: Statement of Cash fl ows

Accounts ReceivableAccounts receivable are stated at net realisable value.

InvestmentsInvestments are valued at cost.

Note 2RACE Inc

The Club became a partner in RACE Inc at 1 August 2002. RACE Inc has accounted for all race meetings

from that date as well as any income from the investments of the Club. On 1 August 2005 the Awapuni Clubs

aff ected the transfer of all of their assets & investments to RACE Inc.

Note 3GuarantorThe Manawatu Racing Club has in combination with the fi ve other member clubs of RACE Inc provided a

guarantee to the Bank of New Zealand totalling $12m to cover the borrowings of RACE Inc.

Note 4Changes in Accounting PoliciesThere have been no signifi cant changes in accounting policies during the period covered by these fi nancial

statements.

2014 2013

Current Assets

BNZ Account 98 98

98 98

Investments

RACE Inc 8,502,704 8,502,704

8,502,704 8,502,704

Total Assets 8,502,802 8,502,802

Accumulated Funds 8,502,802 8,502,802

8,502,802 8,502,802

2014 2013

Grants 51,800 25,000

Membership Income 21,840 23,656

Total Income 73,640 48,656

Expenditure

Transfer to RACE 73,640 48,656

Total Expenditure 73,640 48,656

Surplus\(Defi cit) to Statement of Movements in Equity - -

Statement of Movements in Equity 2014 2013

Accumulated Funds:

Opening Balance 8,502,802 8,502,802

Surplus/(Defi cit) - -

Closing Balance 8,502,802 8,502,802

MANAWATU RACING CLUB (INC) MANAWATU RACING CLUB (INC)

NOTES TO THE ACCOUNTS 2014 STATEMENT OF FINANCIAL POSITION As at 31st July 2014

STATEMENT OF FINANCIAL PERFORMANCE For The Year Ending 31 July 2014