variety – the children’s charity annual report - 2014 annual... · variety – the children’s...

Variety – The Children’s Charity

Annual ReportBrighter futures for Kiwi kids

2014

1 Variety – The Children’s Charity Annual Report 2014

Our Vision Helping New Zealand’s

sick, disabled and disadvantaged children

reach their full potential.

Our Purpose To raise and distribute

funds to children in need of basic necessities, vital medical

equipment, life-changing mobility needs and essential

learning opportunities.

Our Values • Community focussed • Outcomes oriented

• Caring • Inclusive

• Entertaining • Innovative • Responsive

• Humble • Accountable

Variety – The Children’s Charity Annual Report 2014 2

Who We Are For 25 years Variety – The Children’s Charity

has been creating brighter futures for New

Zealand’s sick, disabled and disadvantaged kids.

Our success is born from diversity. With

a broad reaching range of programmes, a

calendar of dynamic fundraising events and the

support of generous corporate partners and

individuals, Variety is proud to help over 10,000

disadvantaged Kiwi kids each year.

We work alongside schools and agencies to

connect with Kiwi kids that need our help right

across the country. Our strong relationships with

community organisations help us identify the

children who need help most and create positive

change in their lives.

The breadth of our work enables us to help

in many ways. Whether it is providing a

scholarship to nurture a special talent,

connecting a sponsor with a Kiwi kid living

without the basics, or funding an essential piece

of equipment for a child with a disability –

Variety is committed to making sure local kids

are not missing out.

We believe every child in New Zealand has the

right to a happy childhood and to be provided

with the opportunities and resources to flourish.

Variety is privileged to share the journey with

the children and families we assist each year.

Our Mission

Our Programmes

Our People

Our Financials

Contents 1. Our Vision, Purpose and Values

2. Who We Are

3. Variety President Report

4. Variety CEO Report

5. Kiwi Kids in New Zealand Today

7. How We Help

9. Impact - Kiwi Kid Sponsorship

10. Impact - Laptops for Learning, Scholarships

11. Activities and Outcomes

13. Variety Team

14. Our Volunteers

15. Governance

19. Our Supporters

17. Financial Review

20. Corporate Partnerships

21. Independent Auditor’s Report

29. Get Involved!

Brighter futures for Kiwi kids

Variety – The Children’s Charity Annual Report 20143

In April Variety International Chairman, Peter

Drummond MNZM hosted a special 25th

anniversary dinner in Auckland to honour

Variety’s first New Zealand President, Sir

John Walker. There are also many others to be

acknowledged as we mark this anniversary.

Chief Executive, Lorraine Taylor leads a

passionate team of staff at Variety HQ who do

a wonderful job at the coalface, looking after

the families and children who benefit from our

programmes, providing stewardship for our

supporters and bringing our annual events to

fruition.

We are extremely fortunate to have a widely

skilled and experienced Board who generously

give their time and expertise. My sincere

thanks to Pam Fauvel QSM, Patrick Baker, Stu

Chapman, Steve Jackson, Sharon Henderson,

Jayne Kirton, Dr Emma Parry, Richard Spilg,

and Andrew Webster for all you do for Variety.

We are sad to farewell Emma, Jayne, Pam

and Patrick who leave the Board at the end

of this year but are hugely grateful for their

contribution.

The Friends of Variety committee led by

Chairperson Bev Roberts hosted a number of

brilliant events throughout 2014. Highlights

include the Heroes for Kids Luncheon, a Wine

Tasting and the sell-out Variety premiere of

Kiwi film Hip Hop-eration.

My congratulations to Diana Fenwick QSO,

a long serving Friend of Variety who was

recognised with a Variety International

Presidential Citation this year.

The Variety Trillian Bash organisers and teams

were kept busy in 2014, organising not only the

Bash, but the inaugural Variety Great Southern

Dash, a Mini Bash and two Fun Run events.

The 2014 Bash enjoyed a 30% increase in

funds raised. Huge thanks to our Bash Director

Murray O’Donnell for his co-ordination skills

and continued dedication to these much-loved

events.

Sadly, we lost one of our greatest Bash

supporters late this year. Ewen Gilmour has

been for many years an amazing friend and

ambassador for Variety and we were devastated

to hear of his passing. Ewen took part in

almost every Variety Bash, driving his iconic

red stretch limo and making us laugh with his

unique brand of comedy. The Variety family

will miss him hugely.

We simply could not achieve what we do

without the enormous support received from

our principal corporate partners SKYCITY,

CMC Markets, Ford, Johnson & Johnson, and

The Warehouse.

2014 has been a positive year for Variety; our

Kiwi Kid Sponsorship programme has grown

considerably as more New Zealanders reach

out to ensure that our disadvantaged children’s

basic health, medical and educational needs are

met. The programme was further recognised at

the Variety International Conference this year

where it received an Innovation Award.

As we move into the next 25 years Variety looks

forward to continuing to deliver a relevant and

tangible response to the Kiwi kids we serve.

Thank you for your support of our organisation.

From Our President This year the Variety family celebrates a significant milestone – our 25th Anniversary in New Zealand.

Joe Moodabe ONZM - President

Ewen Gilmour

1963-2014

Variety Ambassador

4



From Our CEO

Over the last 12 months, we have focussed

our attention on growing and diversifying our

income streams to build a more sustainable

platform for growth.

This has resulted in an increase of 42% in

operating surplus before distributions against

the prior year. This significantly exceeded our

anticipated budget surplus; grants distributed

during the year are on par with budget,

as demonstrated on the table below. The

Variety board takes a considered approach to

distributing funds in accordance with well-

established long-term plans. The excess surplus

in the ‘14 year provides the Board with some

flexibility in the coming year to increase its

planned distributions in a considered way, or

to further bolster the Future Kiwi Kids Fund

reserves, or both.

Our key successes this year include doubling

the number of children supported by our Kiwi

Kid Sponsorship programme. Now in its second

year, the programme has created significant

positive changes in the lives of more than 1,120

New Zealand children in need.

The generosity of Variety Kiwi Kid Sponsors

has had a transformative effect on many lives.

We read these stories in letters of thanks from

sponsored children and their families. They are

enormously grateful for the support given. It

might be an extra blanket for the bed, a schoolbag

or simply a birthday card from their sponsor –

these small contributions mean so much for a

Kiwi kid who is used to going without.

Our Laptops for Learning programme saw

more than 350 digital devices presented to

low decile schools nationwide, ensuring

students have access to technology which

forms such a vital part of their education.

Variety Gold Heart Scholarships provided

financial assistance of up to $5,000 to 17

talented young Kiwis across the country to

help support and nurture their talents in the

arts, sports or education. The Variety Voices

youth choir has gone from strength to strength,

delivering rousing performances throughout

the year at our key events. It’s wonderful to see

new talents emerge as the choir develops.

Our events this year produced some excellent

results. The Monster Book Fair drew record

crowds and raised $87,500 in sales with over

100,000 books donated. Our second SKYCITY

Variety of Chefs delivered a wonderful evening

of fine dining and philanthropy, and partner

events with The Warehouse, Freemasons,

Rotary, MOTAT, Miss Universe New Zealand

and Skechers Women’s 6K Run have connected

Variety to a host of new supporters.

The success of this financial year is a credit

to the dedication and commitment of our

staff, board, corporate partners, volunteers,

individual donors and supporters. We are

enormously grateful to all who support us,

and are proud of what we have achieved for

Kiwi kids this year. We look forward to building

on our successes and creating brighter futures

for even more children in 2015.

2014 has been a financially successful one for Variety and ultimately for the sick, disabled and disadvantaged Kiwi kids we help through our activities.

2011 / 12 2012 / 13 2013 / 14

Budget Actual Result

Revenue 985,093 1,576,462 1,868,829 1,951,632

Expenses 778,003 775,483 953,108 859,439

Surplus / Deficit 207,090 800,979 915,721 1,092,193

Grants Approved 493,183 804,861 845,327 862,778

Distributions (To Kiwi Kids) 250,000 125,000 - -

Lorraine Taylor - Chief Executive

NB: Management Accounts

3 Year Financial Snapshot

5


Kiwi Kids inNew ZealandToday It is often said that New Zealand is a wonderful country for children to grow up in. We are proud of our natural environment, robust education system and cultural diversity.

However, the reality is that many Kiwi kids

go without the essentials. In August this year

the Office of the New Zealand Children’s

Commissioner reported that:

“One in four of New Zealand children live in

low income households, and 17% of children

regularly go without the basic things they

need.”

There are children living in our communities

who miss out on things most New Zealanders

take for granted, like having their own bed.

They do not have warm clothing and when

household budgets are stretched they go

hungry.

Many Kiwi kids live in cold, damp, over-

crowded houses. The 2013 Child Poverty

Monitor Report notes the tens of thousands

of children who are admitted every year for

respiratory and infectious diseases associated

with living in damp, overcrowded homes.

There are children who do not go to the doctor

when they are sick, because they cannot afford

the cost of the appointment and the medicine.

Others stay home from school because they do

not have the right uniform or lunch to take or

the funds to participate in school outings.

We have learned of a new kind of ‘working

poor’, with two in five impoverished Kiwi kids

coming from working families. Transience is

a common issue for struggling families, with

many children forced to adjust to numerous

homes, and changes of school as circumstances

shift within the home.

Living a life of deprivation can cause lasting

damage. It can mean doing badly at school,

having poor health and ultimately not getting

a good job.

By addressing these issues and supporting our

Kiwi kids we can give them the opportunity to

not only enjoy their childhood, but contribute

positively to our society as they grow.

Variety has the expertise and community links

to connect children with the assistance they

need to thrive. We are committed to improving

the lives of children growing up in New

Zealand, now and in the future.

6Variety – The Children’s Charity Annual Report 2014

“One in four of New Zealand children live in low income

households, and 17% of children regularly go

without the basic things they

need.”


7



Variety is there for children in all sorts of challenging circumstances. We have the ability to respond quickly, reaching children in need across the country.

Variety Future Kiwi Kids has helped 7,370 children this year

Ensuring brighter futures for children

at home, school, and in the community

through experiences in education, arts,

music and sport.

Laptops for Learning An initiative which ensures that students from

low-decile schools can access digital devices for

e-learning. We want to bridge the digital divide

and create learning opportunities that lead to

better life pathways.

Gold Heart Scholarships Scholarships of up to $5,000 are awarded

annually to talented young people who have

already achieved a certain level of proficiency

in the arts, sport or education. They are also

matched with a Variety mentor to assist them

in reaching their goals.

Variety Voices A group scholarship opportunity for talented

performers to share the joy of performance

through rehearsing and singing together at

events, whether disabled or able-bodied,

facing challenges or not.

Meet 13 year old Toa who joined the Variety

Voices youth choir two years ago and has

flourished from the experience. Being part

of the choir has been a real boost for Toa’s

confidence. Her mother says “She is usually

really shy but when she goes on stage she

is a different person”. This year Toa even

stepped up to take on her first solos while

performing with the choir and has become

a great inspiration to the group’s younger

members.

The Future Kiwi Kids Fund A special fund established after the economic

crisis of 2009, when Variety was inundated

with funding requests by desperate families

which we were unable to fulfil. Funds are

invested and used to support Variety’s

programmes in the years to come.

Variety Caring for Kids has helped 5,071 Kiwi kids this year

Improving child health outcomes at home,

in the community and in hospital and

providing access to specialist healthcare

services.

Kiwi Kid Sponsorship Variety works closely with social services

agencies, schools and healthcare practitioners

to identify children most in need. We connect

children with a sponsor to help cover unmet

health and educational needs.

Fundraising for Individual Healthcare Needs

Children with special medical needs, including

those requiring assistance with prevention,

ongoing treatment, or simply with easing the

challenges of living with ongoing disabilities

may be eligible for special fundraising appeal

campaigns.

10 year old Matthew is diabetic. He loves car

racing and ice hockey which require a lot of

energy and his blood sugar levels are greatly

affected by this. His mum Karen says “With the

new Continuous Glucose Monitoring System that

Variety bought for him he can do these sports

knowing he is safe. By being able to predict if he

will go low or high he also finds everyday life

easier and is able to concentrate better at school.

I can sleep at night a lot easier. Before this I was

getting up at least every 2 hours for the past 10

years. We are so grateful to Variety.”

How We Help

Meet T¯̄¯̄˘̆˘̄¯̄¯̄¯̄oa

Meet Matthew

National Disasters / Emergency Response Appeals

Variety cares for children impacted by national

disasters and individual emergency situations

as they arise.

Variety Kids on the Move has helped 429 Kiwi Kids this year

Providing funding for mobility and

other equipment that improves a child’s

quality of life, physical well-being, peer

involvement and confidence.

Bikes for Kids The annual Variety Bikes for Kids Tour

provides disadvantaged children with the

freedom and independence of their very own

bike. Children are nominated to receive a bike

by their teachers, families and communities

for being role models or having overcome

adversity.

Specialised Mobility Equipment Variety helps ease the pressure for low income

families caring for a child with a disability. By

providing desperately needed mobility equipment


like specialised trikes, chairs and standing frames

these kids can be more active and participate

more fully in family and school life.

Sunshine Coaches Variety provides community and school

groups with Sunshine Coaches and vehicles to

transport thousands of New Zealand children

to school, therapy and special outings.

All Ability Playgrounds Variety partners with forward-thinking

individuals, corporations, trusts and councils

to provide all-abilities playgrounds and

Liberty Swings which accommodate

children in wheelchairs.

Coyle Park in Point Chevalier, Auckland is

home to a much loved all ability Variety funded

playground. It is an inclusive play space that

is accessible to children of varying abilities,

including disabled children. There are purpose-

built slides and play modules that are extra

wide to enable a child to be accompanied by

an adult.

Spacious concrete paths provide easy access,

there is a train with higher seat backs and

straps to secure children, and picnic tables

that can accommodate wheelchairs.

Coyle Park

Liberty Swing

9



What an incredible year it has been for our hero

programme, Variety Kiwi Kid Sponsorship.

With the support of a growing community of

generous sponsors we have created significant

positive changes in the lives of more than 1,120

New Zealand children in need.

Our sponsors tell us they love being able to

help with core basic needs for an individual

child who is close to home, and making a real

difference within their own community.

Brothers Xavier 8, and Emery 6 were matched

with sponsors just over a year ago. Their mum

says she was so grateful for the help and also to

learn that there are ordinary people out there

who are willing to give back to the community.

Xavier says: “Kiwi Kid Sponsorship has helped

me to get all the gear that I need so I can play

with all the other kids - and I love soccer.”

Who is eligible? The programme offers sponsorship to children

and young people from 5 to 15 years of age

who are New Zealand residents. Children can

remain on the programme until they are 18

years of age. Parents/caregivers have criteria

they need to meet including income level limits

and must adhere to Variety’s code of conduct,

which includes specifics on how the funds

are used.

What does it cost? For as little as $35 per month sponsors help to

provide a child with the specific basics they

need such as clothing, bedding, doctor’s visits,

school trips and stationery. Funds can also be

used for extra-curricular activities.

How long is each child sponsored?

We review each child’s situation annually,

so we continue to support children who are

most in need until they turn 18 years old.

How will they receive the funding?

Parents/caregivers apply for funding approval

from Variety, and where practical Variety pays

goods and service providers directly.

Ensuring the child and their privacy is respected

Child privacy is maintained through strict

policies and procedures which ensure personal

details such as surname, address, suburb and

school are not publicly known unless prior

agreement is given by the parent/caregiver.

What do sponsors know about their child?

We keep sponsors up to date on each child’s

progress with an annual report and photo.

Both sponsors and children are invited to

write to each other if they wish, via Variety.

Ensuring disadvantaged children’s basic health, medical and educational needs are met.

VarietyKiwi Kid Sponsorship

“Something triggered in me, about the New Zealand kid, the specific

nature of assistance. There’s a real face to the name

and I feel attached.”

Kiwi Kid Sponsor

Xavier &

Emery


Variety – The Children’s Charity Annual Report 2014 10

With help from CMC Markets and Westfield

Manukau City, Variety was thrilled to assist 17

talented Kiwi kids develop their talents in the

arts, sports and education by awarding them

with Gold Heart Scholarships in 2014.

Meet Kobe, an amazing 12 year old drummer.

He is a highly motivated musician who never

misses a lunchtime or after school rehearsal,

seizing every opportunity to practice and

perform. “In my 16 years of teaching music to

intermediate and high school students, I have

never come across a student as talented as Kobe

is on the drums. ‘Gifted’ is a word I use

very sparingly toward music students,

but it is a word that epitomises Kobe’s clear

ability.” Jean Mansill, Music Teacher.

Kobe created a homemade drum kit so he

could practice at home. His scholarship meant

he could purchase a new professional kit and

also receive drum tuition from a specialist.

He would love to have his own band and

studio when he is older. Watch this space!

Kobe’s scholarship was kindly funded

by the Allpress Family Trust.

Improving educational outcomes for Kiwi kids via greater access to technology in schools.

Gold Heart Scholarships

The Variety Laptops for Learning programme

was born out of a desire to bridge the digital

divide for students in low decile schools. Our

aim is to improve educational outcomes via

greater access to technology in schools.

Over the past year Variety and The Warehouse

have presented more than 350 devices to 31

decile 1 schools in Wellington, Auckland,

Northland, the East Cape and the central

North Island.

Northland College, a decile 1 secondary school

with a roll of 270 comments that “providing

access to technology is extremely important.

Technology assists the school to provide

opportunities to enhance student learning and

wider knowledge, skills and experiences to help

put them on the same platform as their peers in

other schools across the country.”

We sent surveys to the schools that received

devices in this year, and all agreed access to

technology is vital for their students:

• Having access to technology has first and

foremost increased student motivation

in class and teachers see an increase in

student confidence and computer skills.

There has also been an improvement in

academic performance:

• Computers are used across the curriculum

with English, Social Sciences, Technology

and Science the main subject areas where

students utilise them.

• Cost of technology continues to be the

major barrier for low decile schools, with

other barriers noted, including – internet

connection, teacher knowledge, wear and

tear, and power cuts.

LaptopsFor Learning

Bridging the digital divide

Meet Kobe

Kiwi Kids matched with

sponsors

1,120There’s a real face

to the name, I feel attached.

Kiwi Kid Sponsor

Being on the Variety scholarship programme

has had a significant impact on my child’s

confidence and self-esteem. Gold Heart

Scholarships awarded since

2007

149

Bikes given to deserving

Kiwi kids in 2014

450My friends all want to ride my bike and

I only let them if they wear the

helmet too.

Troy, Kawerau South School

64%

Increase in Variety Facebook

followers

Thank you so much Variety for helping kids like me get a little closer

to our dreams.

Breana, Gold Heart Scholar

Thank you to the Bash for all that good fun. The whole school loved you. I really wish you could come back to Kawaha

Point School.

$102K

In grants distributed on the 2014 Variety

Trillian Bash

$260k

To fund digital devices for 31 low

decile schools

Such generous donations are rare… The demand to borrow laptops for short,

medium or long term is great. I always have

a waiting list.

Mana College Teacher

Denise Burke Business Support

Manager (Full-time)

Denise is an organisational

specialist. She also

holds an International

Marketing Diploma and a Teacher Aide

Certificate.

Jasmine Beaumont-Morgan Database Administrator

(Full-time)

Jasmine originally comes

from the UK and has many

years of database management experience.

June Brown Administration

Support (Part-time)

June has volunteered

across a range of not for

profit organisations for

20 years and brings a wealth of experience to

the Variety team.

Michele Booth Finance & Database

Coordinator (Part-time)

Michele hails from South

Africa, having moved here

in January 2013. She is a

dab hand at book-keeping and keen campaigner

for social justice.

13



Lorraine Taylor CEO (Full-time)

Lorraine has held

management positions

in the teaching and

corporate sectors and

holds a Teaching Diploma, Bachelor of Arts

from Victoria University and a Post-Graduate

Diploma in Business from Massey University

Allison Lanham Individual Giving

Manager (Full-time)

Alli joined the Variety

team after moving to

New Zealand from North

Carolina. She has an extensive background

in fundraising.

Carly Thomson Events Manager

(Full-time)

Carly has over 8 years’

experience in event

management. She holds

a Bachelor of Communications from the

University of Waikato.

Christina Lockard Office & Events

Administrator (Full-time)

Christina is passionate

about advocating for

people whose voices are

often not heard. She studied social work in her

hometown of Austin, Texas.

Our Variety Family Miriam Shaw Marketing &

Communications

Manager (Full-time)

Miriam has 10 years’

experience in marketing

and communications. She holds a Bachelor of

Arts and Teaching Diploma from Auckland

University.

Nicola Betts Community Liaison - Kiwi Kid Sponsorship

(Part-time)

Nicola has been involved in

the not for profit sector for

more than 10 years. She has a keen interest in

working in the parenting and child space.

Rochelle Aitken Finance & Grants

Manager (Part-time)

With over 20 years’

experience in the

corporate sector in

New Zealand and London, Rochelle holds

a Bachelor of Commerce from Auckland

University, majoring in Accounting & Finance.

Ruth Jackson Sponsorship Liaison

Officer (Full-time)

Ruth spent 30 years as a

journalist and in television

production and is now

relishing the opportunity to apply her skills

to the not for profit sector.

14



Volunteer Highlights Throughout 2014, people around New Zealand supported our programmes in a variety of ways – by sponsoring a Kiwi Kid, through their generous donations, attending an event or giving their time as volunteers. We are enormously grateful to all our supporters – we couldn’t do it without you!

Diana Fenwick QSO Diana’s official involvement with Variety began

in 2008 when she joined the Friends of Variety

Committee, becoming its Chair for a two year

term in 2011 – she remains an integral member

of this group today.

Diana offers Variety comprehensive support -

as a mentor, fundraiser and passionate advocate

of our work. She continually seeks new

opportunities for Variety to grow and expand

and on many occasions we have benefitted from

her incredible networking skills. She is never

slow to offer wise counsel or valuable feedback

on a particular programme or event.

Diana supports our fundraising efforts

as a Variety Member, a Kiwi Kid Sponsor,

by purchasing tickets to our events and

contributing to our fundraising campaigns.

There are many things we admire about

Diana – her wisdom, her sense of fun and

forthrightness! Diana epitomises Variety’s

values – generous, community focussed,

responsive and hardworking. This year Variety

New Zealand was delighted to honour Diana

Fenwick QSO with a Variety International

Presidential Citation.

Mary McCutcheon-Walker Mary is the Committee Chair of the A-Z Book

Fair voluntary group which runs Variety’s

annual Monster Book Fair. Working tirelessly

behind the scenes to co-ordinate book

collection and sorting, Mary has no small task

given that around 100,000 books are donated

each year! She leads a team of dedicated

volunteers who are all firm friends who

share a love of books.

Mary is constantly looking for ways to

raise more funds for Variety, with never an

expectation of anything in return. This includes

listing and selling books on Trade Me, raising

an additional $10,000 each year on top of the

book fair proceeds.

Our Monster Book Fair would not exist

without Mary’s commitment, passion,

energy and expertise. She is the backbone

of the event, demonstrating considerable

knowledge, endless energy and an unfailing

sense of humour.

Mary McCutcheon-Walker is a pleasure to

deal with and an inspiration to be around.

Her constant commitment to Variety, both

personally and professionally, has made

a significant difference to the lives of

Johnson Raela Johnson came on board as a Variety

Ambassador two years ago and is an absolute

delight to work with. He is always quick to

jump at opportunities to help Variety in any

way he can, despite juggling a busy schedule

hosting his own Afternoon Drive radio show

on Flava FM and studying for a post graduate

degree in Communications.

Johnson is passionate about the work Variety

does and is committed to helping us fulfil our

mission of helping Kiwi kids to reach their full

potential. He has been closely involved with

the 2014 Variety Youth Ambassadors - seven

inspiring young people from throughout

New Zealand who work to raise awareness,

funds and hope for disadvantaged Kiwi kids.

Johnson also played a key role in this year’s

SKYCITY Variety of Chefs event, hosting

‘live crosses’ to the kitchen to chat with the

chefs and give our guests a peek behind the

scenes. He also fronted a special film made for

the event, working closely with some of our

sponsored Kiwi kids - who loved spending

time with him.



Governance Variety – The Children’s Charity is an Incorporated Society and is registered as a charity with the New Zealand IRD and the Charities Commission (CC24039) and is able to receive tax-deductible donations.

The Variety Board acts in the interests of

Variety New Zealand – its members, donors and

employees, those seeking assistance

from Variety and the wider community.

The Board at all times recognises the

trust placed in it and endeavours to

meet the needs of its stakeholders.

External Advisors Banker: ASB Bank Ltd

Auditors: KPMG, 18 Viaduct Harbour,

Auckland 1140

Insurance: Albany Insurance Services Ltd,

PO Box 205, Albany Village 0755

Marsh Ltd, PO Box 2221,

Shortland Street, Auckland

Board Structure The Variety Board is elected by Variety

members to represent their interests, act in

accordance with the Variety New Zealand

Constitution and uphold the Charter of Variety

International. The board is in place to provide

policy leadership and supervise operations.

The Board functions include:

• Reviewing and approving annual budgets,

strategic and financial plans

• Providing adequate supervision and support

to the CEO

• Ensuring financial solvency of the

organisation

• Interpreting and representing the needs

and concerns of the community

• Ensuring effective management processes

are in place

• Monitoring risk

• Instituting a fair system of policies and

procedures for human resource management

• Overseeing Health and Safety Management

Directors accomplish their functions through

regular monthly meetings, and through the

committee structure – Finance & Investment

Committee and the Grants Committee.

Joe Moodabe ONZM - President Joe has been President of Variety since 2010,

and is a passionate movie man who has long

been an influential player in the New Zealand

Film Industry. Joe’s personal and professional

dedication to Variety was rewarded with a

Variety Presidential Citation in 2005.

Patrick Baker - Board Chair Patrick joined the Variety Board in 2006

and serves as Chair of the Board and on the

Finance Committee. Holding degrees in

Engineering and Accounting & Management,

he started his career as an engineer before

switching to corporate financial management.

He enjoyed a 20-year global career with Ford

Motor Company, leading Finance functions

in Portugal, Central Europe, the Middle

East & North Africa, and as Chief Financial

Officer of Ford New Zealand for seven years.

More recently he was CFO of The Network

for Learning Ltd. and is now CFO at NIWA

(National Institute of Water and Atmospheric

Research). In addition to Variety, he has served

on the Boards of the New Zealand Business

Excellence Foundation and the American

Chamber of Commerce in New Zealand.

Stuart Chapman - Vice President Stu has been with Elders, an iconic rural

services company, since 1994 and took over

as Managing Director in 1999. Since then,

Elders has grown significantly and is a strong

competitor in the New Zealand agri-business

sector. Stu is very actively involved with Variety

as a Bash participant since 2002 and serving as

a member of the Board since 2008.

Pam Fauvel QSM - Past President

Pam has been a member of Variety since its

inception in 1989 and she continues to be

heavily involved as Past President, and Chair

of the Grants Committee. Retiring after many

years as a Chartered Accountant in public

practice, she now acts as a Company Director

for a number of companies.

Sharon Henderson

Sharon is an entrepreneurial businesswoman

with over 20 years’ of business and marketing

experience, including more than 12 years in

executive management roles. Sharon founded

her own company Federation, to fulfil a long-

standing passion to create a 100% NZ owned

communications agency. Sharon’s previous

roles include Managing Director of DDB New

Zealand and a decade as CEO of Aim Proximity

New Zealand.

Steve Jackson

Steve is a UK Chartered Accountant and

holds a BA (Hons) in Economics from the

University of Leeds. For the last 20 years

Steve has held Executive positions within the


Telecommunications industry in both the UK

and New Zealand. For 10 years Steve was a

member of the TelstraClear Executive team

with responsibility for Consumer Marketing

and now has responsibility for Vodafone’s

broadband and TV services.

Jayne Kirton Jayne is a Consultant and Notary Public at

corporate law firm Bell Gully; with over 30

years’ experience advising on a wide range of

corporate and commercial law matters. She has

a Bachelor of Laws and is a Fellow of Chartered

Secretaries New Zealand Inc. Jayne joined the

Board of Variety in 2012. As a mother herself,

she has a real interest in utilising her skills to

help New Zealand’s disadvantaged children.

Dr Emma Parry Dr Emma Parry is a Specialist Obstetrician and

Gynaecologist who is also a Subspecialist in

Maternal Fetal Medicine. She is the Clinical

Director of the New Zealand Maternal Fetal

Medicine Network (NZMFMN) and has

successfully implemented an Auckland based

Fetal Therapy Unit. Emma sits on several DHB

committees and has represented RANZCOG on

Government projects.

Richard Spilg - Treasurer

Originally from South Africa, Richard re-

located to Auckland in late 2011. Richard has

30 years’ experience in financial services,

having worked in senior executive positions

in South Africa, Australia and the UK. Richard

was actively involved with the Prince’s Trust

and NSPCC charities in the UK and has joined

Variety to continue his efforts to help create

brighter futures for disadvantaged children.

Andrew Webster

Andrew has been a member of the Variety

Board since 2007. He has a Bachelor of

Commerce and a Bachelor of Laws with

Honours and a Master of Commercial Law

with Honours from the University of Auckland.

He is a barrister and solicitor of the High Court

of New Zealand and is General Counsel of Todd

Property Group Limited.

17



How We Raise Our Funds. Traditionally, with our entertainment industry

beginnings, Variety has been very event

focussed, with the smallest percentage

of our income generated from individuals.

A key strategy has been the diversification

of income streams to develop long term

sustainable income to maximise the funds

available for distribution to the Kiwi kids we

help. Our aim has been to maintain our strong

event income while increasing income from

individuals – those incredibly generous New

Zealanders who want to make a difference in

the lives of sick, disabled and disadvantaged

Kiwi kids. The result of this focus is evident

in the results of the 2013-14 financial year:

• Income from individuals rose 506%

from two years ago.

• In 2011-12, income from individuals

represented just 8% of our net income

– this year it is 24%.

• Over that same period, income from

corporates was up 14%, and

• Net income from events was up 157%.

Event Fundraising Variety’s events continue to play an important

role from both a fundraising and awareness

building perspective. Our signature event is the

Variety Trillian Bash, and the SKYCITY Variety

of Chefs dinner is a major new event on our

calendar.

Variety’s fundraising comes from three major sources: individuals, corporates and events.

Financial Review

For the second year running Variety was

fortunate to be selected as the charity partner

for The Warehouse Supplier Awards and

Charity Dinner. This incredible evening once

again returned far in excess of our expectations

– with just short of $600,000 being raised in

that one night!

The Variety Monster Book Fair also exceeded

budget – thanks to the tireless, year-round

efforts of our spectacular Book Fair Committee.

The Variety Trillian Bash once again

entertained thousands of children around

New Zealand, and the financial results

exceeded our budget.

Where Our Funds Come FromThe 2013-14 year shows significant growth in individual support whilst maintaining the income derived from corporate supporters and events…

2,500,000

2,000,000

1,500,000

1,000,000

500,000

Individuals Corporates Events Other

2011 / 12 2012 / 13 2013 / 14

NB: Management Accounts

Book Fair Volunteers


Corporate SupportThe support from our corporate partners this

year has been amazing:

The Warehouse supported Variety through

their annual Supplier Awards and Charity

Dinner and also the Scratch & Win Campaign

run throughout their stores nationwide. Both

returned a record amount this year and the

support of individual stores and employees has

been phenomenal. Many individual employees

have signed up to support Variety through

payroll giving – many sponsoring children

through our Kiwi Kid Sponsorship Programme.

CMC Markets has continued to support eight

of our incredible Gold Heart Scholars, and

contributed to Variety’s Future Kiwi Kids Fund.

Ford New Zealand’s ongoing support is

invaluable – from sponsored vehicles, to

donations to our Future Kiwi Kids Fund and

involvement in the Variety Trillian Bash.

Johnson & Johnson’s donation contributed

to 450 children receiving a bike as part of our

annual Bikes For Kids tour; and Johnson &

Johnson staff were out in force throughout the

year – helping at the Monster Book Fair, setting

up and distributing bikes on the Bikes For Kids

Tour; and some coming on board as Kiwi Kid

sponsors.

The continued support of SKYCITY has seen

our weekly Bingo go from strength to strength.

Our regular Bingo players in Auckland and

Hamilton love their social outing, the chance

to hit the jackpot, while at the same time

supporting Kiwi kids. Once again, SKYCITY

was home to the SKYCITY Variety Of Chefs –

an evening of fine dining, amazing wine, and

support for the Variety Kiwi Kid Sponsorship

Programme.

Support from IndividualsKiwis are generous – in fact, they give more

(as a percentage of GDP) than similar countries

such as Australia, the UK and Canada.

The support Variety received this year has

been overwhelming! There are now more than

1,120 Kiwi kids being supported by ordinary

New Zealanders through Variety. This income

now represents 24% of Variety’s total income

– up from 8% just two years ago.

Where the Money GoesThe most important result is the children we

have supported – over the last five years we

have increased our grant giving by a huge 33%.

And in 2015 we are budgeting to distribute over

$1 million in grants for the first time! This is

80% more than we distributed in 2010. In the

2009-10 financial year, Variety created the

Future Kiwi Kids Fund. This fund was

introduced to ensure that, despite economic

conditions, Variety will continue to be able

to support Kiwi kids who need our help.

The Future Kiwi Kids Fund now sits at

$1.125 million.

Grant Distributions

Grants approved per year Future Kiwi Kids Fund (Cumulative)

200,000

400,000

600,000

800,000

1,000,000

1,200,000

1,400,000

2010 2011 20132012 2014 2015Budget


A Special Thanks!

Patron Dame Catherine Tizard ONZ, GCMG, GCVO, DBE, QSO

Vice Patrons Dame Kiri Te Kanawa ONZ, DBE Sir George Fistonich KNZM Simon Dallow

International Ambassadors Dame Vera Lynn, DBE Paul Hogan, AM Sam Neill, DCNZM, OBE Sean Fitzpatrick, ONZM Sir Michael Caine, CBE Sir Roger Moore, KBE Sir Sean Connery

National Ambassadors Antonia Prebble Bronwyn Turei Constable Bryan Ward, QSM and Bobby Elizabeth Marvelly Ewen Gilmour (Sadly passed away this year) Hewitt Humphrey, QSM, JP Hilary Timmins Jayne Kiely Johnson Raela Karen Olsen Liane Clarke Mark Wright Shane Cortese Suzy Cato

Variety Board Andrew Webster Dr Emma Parry Jayne Kirton Joe Moodabe ONZM (President) Pam Fauvel QSM (Past President) Patrick Baker (Board Chair) Richard Spilg (Treasurer) Sharon Henderson Steve Jackson Stuart Chapman (Vice President)

Grants Committee Dairne Kirton Dr Craig Jefferies Libby Dykes Pam Fauvel QSM Rhonda Irvine

Friends of Variety Aline Sandilands Angela Hunter Anisia Shami Betty Robertson Bev Roberts (Chair) Diana Fenwick QSO Gill Norris Julie Holter Karen Kay Karen Olsen Pat Courtney Sue Martin

Variety Members Aline Sandilands Andrew Webster

Angela Salmon Ann Thompson Arun Varma Bill Norman Carole Bruce Christopher Reeve Colin Pauling Dame Catherine Tizard ONZ, GCMG, GCVO, DBE, QSO Diana Fenwick QSO Don Mackinnon Emma Parry Fiona Milburn Grahame Knight Helen Jackson Herbert Romaniuk Jackie Kerridge Jayne Kirton Joe Moodabe ONZM John Fauvel MBE John Hawkesby MNZM Kandy Mott Lesley Lawson Louise Wallace Lynda Parsons Mark Wright Michelle Boag Mike Thompson Pam Fauvel QSM Patrick Baker Peter Drummond MNZM Peter Lawson Peter Rowell Richard Spilg Rosemary Horton, DNZM, QSO, QSM Sam McGredy CBE Scot Pearce Sharon Henderson Simon Dallow Sir George Fistonich KNZM Sir John Walker, KNZM, CBE Stephen Fisher Steve Jackson Stuart Chapman Tony Smith Wayne Adsett

Principal Corporate Sponsors CMC Markets Ford New Zealand Johnson & Johnson SKYCITY The Warehouse

Principal Corporate Donors Altis Consulting Balverona Properties Limited Westfield Manukau Zurich Financial Services

Associate Sponsors Avanti Plus Black Magic Dhall & Nash Fine Wines Digital Stream LTD Elders EVENT Cinemas First Tier Events Freemasons Auckland Districts Fuji Xerox

Greenhough Intuit Creative KPMG Marsh Insurance Moa Brewery Motat New Zealand Automobile Association Nicholson Print Solutions Planet Wine Singapore Airlines Smartlogic Sony Starmetro Taste Magazine Telelink The Radio Network The Rotary Club of Pakuranga Toyofuji Shipping TR Group Villa Maria Estate Wallenius Wilhelmsen Logistics World Expeditions

Bash Officials: Air Force Boys Black Magic Ewen Gilmour Geoff Bentham Grahame Knight Jacqui Madelin Jeff Burson Lou Vandermeer Lynne Bjarnesen Mark Prujean Mark Wright Mel Rushton Murray O’Donnell (Bash Director) Sean Craig Shane Cortese Simon Dallow Super Hubert Suzy Cato

Bash Teams AA Argus Fire Protection Bart & Sally Horgan Bernie’s Buddies Busted Donkeys Dunga Team Elders Every Little Boys Dream Fish Pot Café FOAM Ford True Blue Crew 1 Ford True Blue Crew 2 GT Limo LAPD Me & You Moles on Sortie Naki Boys Naki Girls Ohakune Veggies Old Timers OMNT – Turtles II Once Upon a Time Pink Truck’n Rainbows End Ray White Papanui (Chch) Resene Truck

Scooby Doo Sustainable Landscapes Swingers Taniformers Team Cambridge Team Mooloo Team Power Parts Wallies The 8th Tribe The Cup Cakes (Aussie) The Tool Guys The Tron Truck Tiki Tour Girls Twisted Sistas What a Load of Bull

Monster Book Fair Committee Anne Chisholm Bob Hemming Don & Judy Singleton Frank Filbry Hilary Salmons Ian Matthews Jacoba & Helen Filbry Jason Valentine-Burt Jennifer Ludwig Jenny & David Cooper John & Lauretta Prujean Lynette Westcott Mary McCutcheon-Walker (Chair) Mr. & Mrs. L Brady Richard Nickless Rona Colbert Sheryl & Eddie Thompson Shirley Rosan

Our thoughts are with the families of two very valued members of the Book Fair com-mittee who passed away over the last year - David Rosan and Shirley Ewing.

2013 Variety International Award Winners Variety International Presidential Citation – Diana Fenwick QSO Variety International Corporate Award for commitment to improving the lives of children – The Warehouse Variety International Mort Sunshine Award for Best Annual Report – Intuit Creative

Trusts Allpress Family Trust Auckland Council Creative Communities Fund Flightcentre Foundation Four Winds Foundation Miss Universe New Zealand Franchise Trillian Trust

We couldn’t do it without your help.


20



Principal Partners

Ford New Zealand is proud to have been a

sponsor and partner of Variety - The Children’s

Charity for 24 years now. It’s been a fantastic

experience for Ford, helping New Zealand

communities, children, schools and families

in need and having a great time along the way.

Tom Clancy, Communications

& Government Affairs Manager,

Ford Motor Company, New Zealand

Variety has been a key national community

partner of The Warehouse for 13 years; our

longest continuous relationship with any

charity. This, in itself, says a huge amount.

The Warehouse sees Variety as an organisation

with real focus on delivering meaningful and

practical support to needy and deserving New

Zealand children. We are impressed by the

passion that the Variety team have to ensure

they achieve their vision and by their focus

on constantly improving the way they do this.

Equally, Variety understands the meaning of

true partnerships with the companies that

support them and go out of their way to ensure

alignment and engagement among all parties.

The Warehouse looks forward to a strong,

ongoing relationship with Variety.

Paul Walsh, Executive General Manager

Community and Environment,

The Warehouse Limited

Johnson and Johnson Pacific is in its second

year of partnership with Variety and what a

fantastic journey we are on. Involvement in

Variety events has helped our team appreciate

the positive impact we can make in our

community. I look forward to further building

our relationship with Variety and helping make

a difference in Kiwi’s lives.

Andy Hrstic, Commercial Director,

Johnson and Johnson New Zealand

CMC Markets has been involved with Variety

- Children’s Charity for the last 5 years since

the inception of the Gold Heart Scholarship

programme. The scholarship is a great initiative

providing direct financial support to a group of

very talented children who can excel even more

in their area of talent. Working with Variety is

a rewarding initiative for CMC Markets. We

enjoy being able to make a very small difference

in the community and a visible impact in the

lives of Gold Heart recipients each year. It has

been a pleasure supporting Variety over the last

5 years and all of the amazing work they are

doing for New Zealand children and globally

via their network. Well done to Lorraine and

her team.

Chris Smith, General Manager,

CMC Markets New Zealand

SKYCITY Auckland has worked with Variety -

The Children’s Charity on a range of successful

events and programmes since 2006, and we

have supported them through charity Bingo

for more than six years. Throughout this time

we’ve developed a fantastic relationship with

all the Variety volunteers involved, and it’s an

honour to work with a charity that makes

a real, tangible difference for those who

need it most.

Michelle Gifford, Manager Loyalty

Operations, SKYCITY Auckland


Independent auditor’s report

To the members of Variety - The Children’s Charity

We have audited the accompanying financial statements of Variety- The Children’s Charity

(‘’the incorporated society’’) on pages 23 to 28. The financial statements comprise the statement

of financial position as at 30 September 2014, the statements of financial performance and

movements in funds for the year then ended, and a summary of significant accounting policies

and other explanatory information.

Management’s responsibility for the financial statements

Management is responsible for the preparation and fair presentation of financial statements in

accordance with generally accepted accounting practice in New Zealand and for such internal

control as management determines 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 incorporated society’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 incorporated society’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 unmodified opinion on the financial position and our qualified opinion on financial

performance.

Partners and employees of our firm may also deal with the incorporated society on normal terms

within the ordinary course of trading activities of the business of the incorporated society. These

matters have not impaired our independence as auditor of the incorporated society. The firm has

no other relationship with, or interest in, the incorporated society.

Basis for qualified opinion on financial performance

The Incorporated Society’s recorded revenue includes cash donations of $823,503 (2013: $489,534)

and cash fundraising income of $1,715,731 (2013: $1,413,910). Control over such revenues prior to

being recorded is limited and there were no practical audit procedures that we could perform

to confirm independently that all cash donations were properly recorded. Accordingly, we were

not able to determine whether any adjustments might be necessary to the amounts shown in the

financial statements for cash donations and cash fundraising income and net surplus. Our audit

opinion for the year ending 30 September 2012 was also qualified in this respect.

Qualified opinion on financial performance

In our opinion, except for the possible effects on the corresponding figures of the matter described

in the Basis for qualified opinion paragraph, the financial statements on pages 21 to 26 present

fairly, in all material respects, the financial performance of the incorporated society for the year

ending 30 September 2014, in accordance with generally accepted accounting practice in New

Zealand.

Opinion on financial position

In our opinion the financial statements on pages 21 to 26 present fairly, in all material respects,

the financial position of the incorporated society as at 30 September 2014.

5 November 2014

KPMG Auckland


VARIETY - THE CHILDREN’S CHARITY STATEMENT OF FINANCIAL PERFORMANCE FOR THE YEAR ENDED 30 SEPTEMBER 2014

2014 $

2013 $

OPERATING REVENUE

Donations – cash 823,503 489,534

Donations – non cash 186,434 157,758

Donations – audit services 11,042 11,042

Memberships 3,115 7,514

Interest received 30,863 29,753

Fundraising income – cash 1,715,731 1,413,910

Fundraising income – non cash 680,983 703,978

TOTAL OPERATING REVENUE 3,451,671 2,813,489

OPERATING EXPENSES

Audit services 11,042 11,042

Depreciation 31,008 32,910

Fundraising expenses – cash 558,363 346,092

Fundraising expenses – non cash 680,983 703,978

Other expenses – cash 767,884 685,757

Other expenses – non cash 128,714 139,790

TOTAL OPERATING EXPENSES 2,177,995 1,919,569

OPERATING SURPLUS BEFORE DISTRIBUTIONS FOR YEAR 1,273,676 893,920

Grant Distribution – cash (700,756) (689,552)

Grant Distribution – non cash (57,720) (17,968)

Grants approved but not paid (285,381) (189,520)

NET ( LOSS) / SURPLUS FOR YEAR 229,820 (3,120)

NET SURPLUS ALLOCATED:

General Funds 229,820 (128,120)

Future Kiwi Kids 0 125,000

229,820 (3,120)


VARIETY - THE CHILDREN’S CHARITY STATEMENT OF MOVEMENTS IN FUNDS FOR THE YEAR ENDED 30 SEPTEMBER 2014

2014 $

2013 $

GENERAL FUNDS AT BEGINNING OF THE YEAR 88,424 216,544

SURPLUS AND REVALUATIONS

Net (loss)/surplus for the year 229,820 (3,120)

Transfer to Future Kiwi Kids Fund 0 (125,000)

GENERAL FUNDS AT END OF THE YEAR 318,244 88,424

FUTURE KIWI KIDS FUND AT BEGINNING OF YEAR 1,125,000 1,000,000

Net distribution for the year 0 125,000

FUTURE KIWI KIDS FUND AT END OF YEAR 1,125,000 1,125,000

TOTAL FUNDS AT THE END OF THE YEAR 1,443,244 1,213,424


VARIETY - THE CHILDREN’S CHARITY STATEMENT OF FINANCIAL POSITION AS AT 30 SEPTEMBER 2014

Note2014

$2013

$

ACCUMULATED FUNDS 1,443,244 1,213,424

TOTAL FUNDS EMPLOYED 1,443,244 1,213,424

Represented by:

CURRENT ASSETS

Cash at bank 1,675,992 1,224,575

Receivables 18,407 25,995

Prepayments 20,001 23,634

Goods and services tax 19,907 1,139

TOTAL CURRENT ASSETS 1,734,308 1,275,343

NON CURRENT ASSETS

Fixed assets 2 213,124 233,446

TOTAL ASSETS 1,947,431 1,508,789

CURRENT LIABILITIES

Sundry payables and accruals 150,299 102,808

Related party payables 0 2,166

Grants approved but not paid 4 285,383 189,521

Revenue in advance 68,506 870

TOTAL CURRENT LIABILITIES 504,187 295,365

TOTAL LIABILITIES 504,187 295,363

NET ASSETS 1,443,244 1,213,424

For and on behalf of the Variety – The Children’s Charity Incorporated.

President Treasurer

2014 Dated 2014 Dated


VARIETY - THE CHILDREN’S CHARITY NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2014

1. Statement of accounting policies

The financial statements presented are for the reporting entity Variety – The Children’s Charity Incorporated. The entity is a registered

charity under section43 of the Charities Act 2005. The financial statements have been prepared in accordance with generally accepted

accounting practice in New Zealand.

The financial statements have been prepared on the basis of historical cost.

(i) Differential reporting These financial statements are a general purpose financial report which has been prepared recognising the Framework for Differential

Reporting issued by the Institute of Chartered Accountants of New Zealand. In the opinion of the Board, Variety – The Children’s Charity

Incorporated qualifies for differential reporting as it has no public accountability and is not considered large within the terms of reference

of the Framework for Differential Reporting.

The Board have taken advantage of all differential reporting exemptions.

(ii) Membership income Revenue is recognised over the membership period.

(iii) Grants Grants are accounted for when the board approves the grant.

(iv) Foreign currency transactions Foreign currency transactions have been converted to New Zealand dollars at the rate ruling on the date of the transaction. Any monetary

assets and liabilities at year-end are converted to New Zealand dollars at the exchange rate on balance date. All exchange differences are

reflected in the Statement of Financial Performance.

(v) Fixed Assets Fixed assets are stated at cost less accumulated depreciation. Depreciation is provided on a straight-line basis on all tangible assets (excluding

land) over their estimated useful lives:

Building 25 years

Office equipment, fixtures & fittings 2-5 years

(vi) Voluntary Income Voluntary income is received by way of cash donations and gifts, grants, special fundraising events involving celebrities, donations of goods

and services in kind and voluntary help.

(a) Cash donations, grants and gifts are included in full in the Statement of Financial Performance as soon as they are receivable and the

economic benefits are expected to flow to the charity.


Statement of accounting policies (continued) (vi) Voluntary Income (continued)

(b) Cash collected at special fundraising events is included in the Statement of Financial Performance as a separate item. The expenses

incurred directly in relation to staging those events are also disclosed as a separate item.

(b) Donations of goods and services in kind are recognised as revenue and either expenses or assets, as appropriate, at their estimated

market value when they are received. This is in accordance with the Statement of Concepts for General Purpose Financial Reporting.

(b) Voluntary help is not included in the accounts. The charity has benefited from significant amounts of volunteer assistance during the

year in relation to both its operations and fundraising events.

(vii) Goods and Services Tax (GST) The Financial Statements have been prepared so that all components are stated exclusive of GST except for receivables and payables which

are stated inclusive of GST.

(viii) Receivables Receivables are recognised at estimated realisable value.

(ix) Taxation No taxation is payable by the charity as it has charitable status under the Income Tax Act 2004.

(x) Changes in accounting policies Uniform accounting policies have been applied throughout the charity and on a consistent basis with those of the previous period.

(xi) Financial Reporting changes From April 1 2014, the new Financial Reporting Act 2013 (“FRA 2013”) has come into force replacing the Financial Reporting Act 1993

effective for entities under the Charities Act 2005 with reporting periods beginning on or after 1 April 2015. This will be effective for this

Charity’s 30 September 2016 year-end.

In addition to the change in legislation the External Reporting Board of New Zealand (“XRB”) has released a new accounting standards

framework which establishes the financial standards to be applied to entities with statutory financial reporting obligations. The Charity is

currently reporting under old NZ GAAP. Under the new XRB framework management expects that the Charity will be reporting under the

PBE Reduced Disclosure Regime (“RDR”) standard as applicable for not-for-profit entities. Management expect that this will materially

impact the preparation and disclosures included in the financial statements. This is effective 30 September 2016 year end.

(xii) Comparative Information Where applicable, comparatives have been reclassified to reflect current period presentation of information.




2. FIXED ASSETS

2014 CostCurrent Year Depreciation

AccumulatedDepreciation

Net Book Value

Land 130,392 - - 130,392

Buildings 211,339 9,279 151,651 59,688

Office Equipment 196,481 20,396 177,422 19,059

Fixtures & Fittings 34,471 1,334 30,486 3,985

TOTAL FIXED ASSETS 572,683 31,009 359,559 213,124

2013 CostCurrent Year Depreciation

AccumulatedDepreciation

Net Book Value

Land 130,392 - - 130,392

Buildings 211,339 9,280 142,372 68,967

Office Equipment 190,325 22,728 157,026 33,299

Fixtures & Fittings 29,941 902 29,152 789

TOTAL FIXED ASSETS 561,997 32,910 328,550 233,447

3. Commitments and contingencies There are no capital commitments or contingent liabilities at balance date (2013: Nil).

4. Related parties Variety – The Children’s Charity is subject to the constitution and by-laws of Variety International. During the year, Variety – The Children’s

Charity has paid fees and expenses and received income from registrations and sales of merchandise. At balance date the amount payable to

Variety International for fees is nil (2013: $2,070 = US$1,625). The amount receivable from the Variety group is nil (2013 $nil). There have

been no other related party transactions.


There are many ways you can help Variety to support Kiwi kids in need

Get Involved

Sponsor a child Become a Kiwi kid sponsor and

help us give them a brighter future

Contact: Ruth on 09 522 3740

Donate You can help us with a single

donation or through Payroll Giving

variety.org.nz/donate

Fundraise Organise your own fundraising

event for Variety

Contact: Carly on 09 522 3746

Make a bequest Leave your lasting legacy by

including a bequest in your will

Contact: Alli on 09 522 3748

Volunteer Share your time and talents to make

a difference for Kiwi Kids and their

communities

Contact: Christina on 09 522 4111

Become a Corporate Partner You can provide financial support, in-kind

goods and services, pro bono work and

employee engagement

Call: Lorraine on 09 522 3744

Follow us Facebook: Facebook.com/VarietyNZ

Twitter: Twitter.com/VarietyNZ

LinkedIn: Linkedin.com/company/

varietynz-the-childrens-charity

Find us online:variety.org.nz

Michael&

Mum

290 Great South Road PO BOX 17276, Greenlane

Auckland 1546, New Zealand

T: + 64 9 520 4111 F: + 64 9 520 1122

E: [email protected]

Facebook.com/VarietyNZ Twitter.com/VarietyNZ

variety.org.nz

Keep in touch!

variety – the children’s charity annual report - 2014 annual... · variety – the children’s...

Documents