YWCA OF GREATER WELLINGTON ANNUAL REPORT 2010

104th EDIT ION

The YWCA in the Wellington region is over 100 years old. We run relevant programmes in the region to help

develop and educate women, with support from members, volunteers, community trusts and foundations.

Our vision is to see young women making positive life choices.

We aim to do this by:

• Providingtrainingandmentoringsoyoungwomenacquiretheskillandconfidencetoreachtheirpotential;

• Providingrolemodelsbycelebratingsuccess;

• Providingopportunitiesforrelationshipbuilding,networking,andconnectionsbetweenallwomenofallages;

• Raisingcommunityawarenessofissuesthatouryoungwomenfaceandadvocatingontheirbehalf;

• Collaboratingwithotherserviceproviderstowardscommongoals

• Sustainingourorganisationandouractivitiesthroughfundraising,promotingtheYWCAandbuildingour

membership.

We are a membership based organisation, and moved to become a totally volunteer led and run organisation in

November 2010.

Patron’s message 2

President’s message 3

Strategyandoperations 4

2010 highlights 6

2010 events 7

StatementofFinancialPerformance 9

NotestotheFinancialStatements 12

2010 YWCA women 17

Acknowledgements 18

YWCA OF GREATER WELLINGTON ANNUAL REPORT 2010

CONTENTS

Design by Tracey Taylor

BooklaunchphotographybyMikelTaylor

PATRON’SMESSAGE

2

During 2010 the focus of the YWCA of Greater

Wellingtonhasbeentoprepareforchangeandtotake

risks.

Withsignificanthistoricalchangestotheorganisation,

such as the name change, staff changes and the strong

decisions made by the board, YWCA women are

preparing to lead within the ideal of a sustainable future.

It has addressed issues that confront young women:

financialstress,alcoholabuse,bodyimageanddating

violence- all tough topics which badly need attention in

our community today.

One of the year’s highlights was to be involved in the

datingviolenceinformationsessionwiththeSophieElliott

Foundation, which shared with young women and their

mothers the importance of understanding the warning

signs of potentially dangerous relationships. Held at the

New Zealand Portrait Gallery in November 2010, the

sessionshowcasedthesignificantneedtoshareandlearn

from stories such as Lesley Elliott’s account of how her

family and friends failed to heed the danger signs that led

to her daughter’s death.

WhenwelookatthehistoryoftheYWCA,weseethat

over time needs change, and the YWCA has naturally

adapted to different demands. Just as the turning points

and decisions made by young women as they move

throughvariousstagesintheirlivesrequiredifferentskills,

sotheYWCAgrowsandmakesinvesteddecisionsforits

future and sustainability.

MaytheYWCAvisionofsupportingthechallengesfor

young women in our region, match their energy, passion

and commitment well into and beyond 2011.

Avenal McKinnon

Patron

It has been a privilege to be the President of our YWCA

in 2010. Past president Lynell Tuffery supported all of

usthroughasignificantchangeprocess,leavingagreat

teamformetoworkwithasthechangedorganisation

setaboutworkingthroughourstrategicplan.

2010 highlights include the celebration of the Maori

Womens’ Transfer Fund and seeing the YWCA

administerover$55,000toMaoriwomen’sprojects

in the region over the last 20 years. In October, the

YWCA,withauthorBarbaraFrancis,launchedthebook

Our Secretary in ChinaatParliament,aprojectthree

yearsinthemaking.

Withthechangeofnameandconstitutionatour2009

AnnualGeneralMeeting,wehaveourplanstomove

our services into the Porirua and Hutt Valley regions.

A slow but calculated process will give the YWCA

presence again in the regions close to Wellington City.

The board has made incredibly hard decisions, as

funding has been a barrier for us yet again in these

financialtimes.Aswecontinueasavolunteerbased

organisationin2011,welookforwaystoimprove

efficienciesandresourcestohelpyoungwomeninthe

regionmakepositivelifechoices.

ThisisoneofmanysocialprofitorganisationsIam

involved with that would not survive without the

dedication of our members and volunteers. It is those

thatcamebeforeus,likeLifeMemberFaithGibbons,

who passed on in 2010, that have set us up with

connections that now help from afar with support

anddonations.Ialsoacknowledgethegreatwork

by Vice President Rachel Williams and board member

SueHanrahanoverthelast12monthstowardsour

funding applications and exciting new programme

development.

Vanisa Dhiru

President

PRESIDENT’SMESSAGE

3

“As members of the YWCA we need

tolookatourownorganisation.We

cannot stand still – we are part of

a great movement which is going

forward to face challenges in a fast

changing world.”

FaithGibbons,PastPresident1979

73rdAnnualReport,1979

2010hasbeenthefirstyearofthenewstrategicplan

for the YWCA for 2010 – 2012. Below we outline our

achievementsandsharewithyouhowwethinkwehave

contributed to the greater Wellington region.

Strategicgoalsandactionsin2010

Goal 1

Deliver demand driven programmes for the

women of Wellington.

• TenyoungwomenWelTecstudentsconducted

four-yearly needs based research to discover young

women’s needs in the Wellington region.

• ProgrammeCommitteeformedandprogramme

development commenced focusing on self defence

and alcohol.

• Advocacytopicsapprovedbyboard:Alcohol,Sexual

Reproductive Health and Rights, Violence against

Women, Emergency Housing (in Wellington)

• EightWellingtonEastGirls’Collegestudents

graduatedfromthe2009/10Discover™ leadership

and mentoring programme. Decision to discontinue

Discover in 2011 in its current format due to

funding.

• OneEncore programme was funded and completed in

theHuttValley.SecondEncore co-ordinator trained.

• Four90minuteYs Up information sessions held in

Wellington and Porirua.

Goal 2

Attain financial stability of the Association.

• Staffingreducedinlate2010toavoiddepletionof

reservesin2011.Physicalofficeclosedtoreducecosts

and association being run virtually through email,

phone and social media.

• FundraisingtheEntertainmentBooks,Suffrage

breakfastandOur Secretary in Chinabookprojectand

movie screening held.

• DonorretentionwithFriends of the YWCA monthly

donations scheme introduced.

• $9,500infundingsecuredfornewprogramme

development(selfdefence/alcohol)in2011.

Goal 3

Build and retain membership by 50% per year.

• 66membersduring2010,increaseof57.5%from

2009.

STRATEGY&OPERATIONS

4

2010preferencesforprogramme/courses to attend across the region:

1.Selfconfidence/selfdefence

2.Job/career

3.Money(savingsandbudgeting)

4.Cooking

5.Relaxation/meditation.

• Low-costmembershippricingschemeintroduced.

• Monthlye-newslettersandmonthlyeventinvites

distributed to a 200+ database of members and

stakeholders.

Goal 4

Raise awareness of the YWCA in the Wellington

region.

• Celebrationof20yearsoftheMaori Women’s Transfer

Fund on YWCA Day in April.

• SubmissionstoEducationSelectCommitteeagainstthe

Education (Freedom of Association) Amendment Bill and

to the Wellington City Council against the Alcohol By-

Law.

• ParticipationattheAlcoholagainstViolenceconference,

NZ Family Planning Conference.

• AttendanceatvariousfunctionsandmeetingsforYWCA

of Aotearoa New Zealand and community organisations

in Wellington.

• Fundraisingactivitiesattractingnewmembersand

interestattheSuffrageBreakfast,launchoftheOur

Secretary in ChinaprojectatParliamentandmovienight.

Goal 5

Assure continuity of services and operations.

• ChangeofnameapprovedbyAnnualGeneral

MeetingtoYWCAofGreaterWellington,allowing

the association to apply to a wider spread of funding

organisations. New constitution aligning with YWCA of

Aotearoa approved.

• FullpaymentofYWCAAotearoaNewZealandfeesand

leviesfor2010andagreeddeferredpaymentfor2009

(membership agreement) paid.

• Physicalofficeclosedtosaveonoperationalexpensesfor

2011.

• SecuredprobonosupportfromKiwibankforvenueuse

andfromKPMGforfinancialauditandvenueuse.

• PolicyreviewtimetablecompletebyBoard.Operational

procedures for accounts, fundraising, health and safety,

membershipandofficemaintenancefullydocumented.

V IS ION:

Young women making positive

life choices

5

Twenty years of gifting to wahine

In1990,agroupofgreatwomenfromtheYWCAsetup

the Maori Women’s Transfer Fund to provide an opportunity

forwomentooffersupporttoactivitiesandprojectsfor

MaoriwomenintheWellingtonregion.Establishedwith

donations from individuals and organisations, $15,000 is

keptsolelyasafundwiththeinterestusedforthepurpose

ofassistingprojectsforandbyMaoriwomen.

The Maori Women’s Transfer Fund is designed to be a

practical way for all Wellington women to demonstrate

commitment to partnership under Te Tiriti o Waitangi.

Our YWCA administers the fund and the committee of

volunteerwomenwhomakethefundingallocations.

Over 20 years, more than $55,000 has been given out

todeservingprojectsintheregionforMaoriwomen.

Projectsrangefromsupportforoperationalcoststowards

Maoriwomen’sorganisationslikeTeWhareRokiroki,

KapitiWomen’sRefuge,KokiriMaraeMaoriWomen’s

Refuge;educationcostsforstudentsatHeHuarahi

Tamariki-AChanceforChildren;artandculturalprojects

suchastotheHongoekaSettlementInc.whowere

giftedacontributiontowardsframingcostsforartwork

bywomenoftheHongoekawhanauexhibitingatPataka

MuseuminPoriruaduring2010;andtoNgaWahineoTe

RunangaoNgatiKahungunakiteWhanganuiaTarato

createandrecordsongsheetsinMaoriandEnglishand

recordingsforwaiatainanmp3fileformatforeaseof

individual practicing for performances.

AgnesMoncrieff’sstorylaunchedatParliament

The YWCA of Greater Wellington had a researcher come

touswithaproject–todocumentthelifeofMissAgnes

Moncrieff,NewZealand’sonlyYWCAInternational

Secretary.MissMoncrieffworkedinChinafor15

years,from1930to1946,andwaspaidhersalaryand

expenses by the YWCA associations of New Zealand.

“ShewasoneofagroupofInternationalSecretaries

helping the YWCA of China build up what was then a

great YWCA movement reaching out to a great student

population and an enormous industrial rural population”

saysEthelLawinherbook,Down the Years.

LettersbyAgnes,knownasNessie,tohermotherand

the YWCA of New Zealand were compiled by Barbara

Francis (pictured above), a close friend of Agnes and

YWCA volunteer researcher, to create a picture of her life

as a YWCA woman during World War II in China. The

book,Our Secretary in China was launched in Parliament

in October 2010.

2010HIGHLIGHTS

6

117yearsonandSuffragewecelebrate

Backin1893,womenwerefightingfortheirvoicesto

beheard.ThetirelessKateSheppardfoughtforwomen’s

righttovote.ShegaveAotearoatheinternational

reputation for being a feisty nation, ideal for having

afairgo.Shewasagreatwoman,describedbythe

Christchurch Press as ‘a name that will remain an

inspiration to the daughters of Aotearoa while history

endures’.

Our association annually honours those New Zealand

women from the past, who exercised their right to sign

the32,000signaturestrongpetition.KateSheppardand

her crew of 32,000 women are the women that made it

for us.

2010sawafundraisingbreakfastattheIbisHotel,with

thecandidatefortheMayorofWellingtonCity,Celia

Wade-Brown(nowMayor),andtwospeakersfromour

successful Discover™ students of Wellington East Girls’

College,AnnaPopovichandKristy-LeeTanuvasa-Lui

(pictured above).

ThankstoLeonieSnookofHarcourts,the#1property

agent in New Zealand for the raffle prize.

Fundraisingattheflicks-Made in Dagenham

90women,friendsandfamilyjoinedusforourfirst

movie fundraiser in many years at the Penthouse Cinema

inBrooklyn.

Made in Dagenhamisbasedintheyear1968,theyearof

many revolutions and demonstrations – such as that by

the Ford motor companies female sewing machinists.

SelectedbyourBoardExecutive,thismovieuplifted

and gave those in the audience a feeling of wonder for

women’srightstohaveequalpay.

ThankstogetfunkedMannersMall,TheBodyShopand

Vahine Orama PACIFICA for the raffle prizes.

2010EVENTS

7

Chandima Hayward-Fogg received a

YWCA Outward Bound scholarship

supported by the association.

WiseupwiththeYWCA–workshopseries

2010sawthepilotofa90minuteinformationevent

series for Wellington women, Ys Up.Workshopswere

held in the second half of the year on how to create

a will, budgeting, dating violence and youth binge

drinking.Eachsessionwasheldinpartnershipwitha

subjectmatterexpert.

1. Creating a will, with Wellington Community Law

Centre.

2. Budgetingskillsandtechniques,withAgape

Budgeting.

3. Datingwithoutviolence,withtheSophieElliott

Foundation and Te Roopu Awhina.

4. Takeasoberlookatintoxicatedyouth,with

Dr.AlbertMakaryandTeRoopuAwhina,with

support from the Wellington City Council.

Discover™ participants graduate

Discover™helpsbuildconfidentyoungwomenwho

havetheskillstorealisetheirownpotential,aswellas

inspiringandinfluencingothersaroundthem.Mentors

andmenteescometogetherforworkshops,activity

days and social catch-ups, and demonstrated the bond

between a mentor and mentee, creating more than a

workingrelationship,butafriendship.

Our second Discover™ group of eight young women of

Wellington East Girls’ College graduated in December

2010.AgraduationceremonyheldatKPMGforfamily

and friends of the young women and their mentors told

usofthegreatchallengesfacedandhowtheytackled

communityfundraisingandadvocacyprojects.

8

2011 submissions

Select Committee:

Education (Freedom of Association)

AmendmentBill,March2010(writtensubmission)

Wellington City Council:

AlcoholBy-Law,May2010(oral/written submission)

9

YWCA OF GREATER WELLINGTON INCORPORATED (FORMERLYYWCAOFWELLINGTONANDHUTTVALLEY INCORPORATED)

STATEMENTOFSERVICEPROVISION

2009 Baseline 2010 Target 2010 Actual 2010 Result30 years and under 5 5 6 31 years + 4 5 5 Total 9 10 10

2009 Baseline 2010 Target 2010 Actual 2010 ResultGovernance 9 10 10 Discover™ 11 10 8 Encore 14 14 10 Maori Women 2 2 0 Information sessions - - 16

2009 Baseline 2010 Target 2010 Actual 2010 Result30 years and under 12 24 24 31 years + 35 70 42 Total 47 106 66

2009 Baseline 2010 Target* 2010 Actual 2010 ResultFundraising 0 - 1,746 Grants 68,518 - 63,054 Pro-bono ** 120 - 2,190 Total 68,638 - 66,990

2009 Baseline 2010 Target* 2010 Actual 2010 ResultGovernance 10 - 11 Committees 6 - 8 Programmes 11 - 8 Operational 7 - 19 Total 34 0 46

2009 Baseline 2010 Target* 2010 Actual 2010 ResultGovernance 504 - 750 Committees 48 - 196 Programmes 1144 - 832 Operational 62 - 0 Total 1758 - 1778

2009 Baseline 2010 Target* 2010 Actual 2010 ResultVolunteering 1 - 0 Event attendance 0 - 5 Total 1 - 5

Target Lead organisation with young women in governance

Target Support women in the community

TargetIncrease member-ship by 50%

Target Increase revenue and support (NZD$)

TargetIncrease use of volunteers across the organisation

TargetIncrease of voluntary service (hrs)

TargetMale participation

* Targets not set in the year or service not offered.** Probono support has been valued accordingly:

Support taken 2009 Value NZD$ 2010 Value NZD$

Room hire: Kiwibank, KPMG ($60 p/session) 120.00 1,080.00Venue hire: Portrait Gallery ($500) , Wellington City Libraries (display, $120), KPMG ($60) - 680.00Raffle prizes – Suffrage - 100.00Raffle prizes – movie night - 330.00

Value $120.00 $2,190.00

10

YWCA OF GREATER WELLINGTON INCORPORATED (FORMERLYYWCAOFWELLINGTONANDHUTTVALLEY INCORPORATED)

STATEMENTOFF INANCIALPERFORMANCEFORTHEYEARENDING31DECEMBER2010

Notes 2010 2009

INCOME

Grants 4 68,518 63,054

Rental Income 3 20,516 15,128

Donations 2 7,350 2,126

Interest Income 6,834 2,356

Dividend Income 1,664 13,957

Other income 267 50

TOTAL INCOME 105,149 96,671

EXPENDITURE

Personnel Costs 5 105,997 98,127

Accommodation Expenses 6 34,243 33,193

Office and Administration 7 45,333 30,351

Programme expenses 8 6,215 7,929

Loss from Y’s choice shop - 725

TOTAL EXPENDITURE 191,788 170,325

Operating Surplus/(Deficit) (86,639) (73,654)

Less: Unrealised loss on listed investment 10 (37,914) (12,530)

Less: Impairment loss on deposts (3,600) (4,564)

Surplus/(deficit) for the year (128,153) (90,748)

ASSETS

2010 2009

Current Assets

Cash and cash equivalents 9 37,855 53,850

Interest Accrued - 1,790

Accounts Receivable 85 740

GST Receivable 2,122 2,553

Prepayments 177 839

40,239 59,772

The notes accompanying these financial statements form part of and should be read in conjunction with these accounts.

Non-Current Assets

Investments 10 158,095 253,567

Property Plant and Equipment 11 1,627 -

159,722 253,567

TOTAL ASSETS 199,961 313,339

LIABILITIES

Current Liabilities

Grants received but not yet disbursed 4 10,200 26,820

PAYE Payable 2,328 1,864

Accounts Payable 2,290 7,922

Accrued Salaries/Holiday Pay Provision - 4,949

14,818 41,555

TOTAL LIABILITIES 14,818 41,555

NET ASSETS 185,143 271,784

EQUITY 185,145 271,784

Notes 2010 2009

Equity at the beginning of the year 271,784 350,002

Surplus/(deficit) for the year (86,639) (78,218)

185,145 271,784

STATEMENTOFMOVEMENTS INEQUITYFORTHEYEARENDING31DECEMBER2010

11The notes accompanying these financial statements form part of and should be read in conjunction with these accounts.

12

YWCA OF GREATER WELLINGTON INCORPORATED (FORMERLYYWCAOFWELLINGTONANDHUTTVALLEY INCORPORATED)

NOTESTOTHEF INANCIALSTATEMENTSFORTHEYEARENDING31DECEMBER2010

1 Statement of Accounting Policies Reporting Entity These financial statements are for the reporting entity encompassing the operations of the YWCA of Greater Wellington (the Association). The Association runs programmes to help develop and educate young woman. The YWCA is a not-for-profit entity and registered under the Charities Act as a charitable organisation. The financial statements are prepared in New Zealand dollars. Basis of preparation These financial statements have been produced in accordance with NZ GAAP (Generally Accepted Accounting Principles) recognised by the accounting profession in New Zealand. They comply with the requirements of the Financial Reporting Act 1993 and the Incorporated Societies Act 1908.

The Association qualifies for differential reporting exemption under the Framework for Differential Reporting issued by the Institute of Chartered Accountants of New Zealand, as it is not publicly accountable and is not classified as large. Accordingly the Association has taken advantage of all differential reporting exemptions. Going Concern The Association has incurred a loss for the year of $127,753 and as at 31 December 2010 has net assets of $131,100. The financial statements have been prepared on a going concern basis, which reflects the continuity of normal business activities and the realisation of assets and liabilities in the ordinary course of business.

During the year the Association implemented significant changes to ensure continued viability. These actions included:

- the minimisation of significant expenses (salaries and rent) and beocming a completely volunteer-run organisation,

- sourcing of new income through exploring and implementing fundraising options,

- adopting a policy to only run programmes which are free to participants when full funding is secured, and

- exploring the possibility of running programmes or activities that can be run at no cost to the Association for example by requiring payment from participants or using pro bono support.

The Association have sufficient net assets to meet existing obligations.

Basis of Measurement The financial statements are prepared on an historical cost basis with the exception of some investments which are at fair value. Accrual accounting is used to match expenses with revenues. The financial statements have been prepared on a GST exclusive basis except for Accounts Payable and Receivable Significant Accounting Policies Revenue: Grants are recorded as a liability upon receipt and then recognised as revenue when associated expenditure is incurred. Fees received in advance of a course are recorded as a current liability and recognised as revenue when the course is held. Interest and rental income is recognised when earned. All other income is when the course is held. Interest and rental revenue is recognised when earned. All other revenue is recognised when received. Expenses: Depreciation is provided at rates calculated to allocate the cost of an asset, less any estimated residual value, over its estimated useful life. Other expenses are recognised when incurred. Property, Plant and Equipment: Fixed assets are recorded at cost less accumulated depreciation. Computer and Photocopying equipment are depreciated in accordance with the straight line methodology over a three year period. All other equipment is depreciated over 5 years. Leases: Leases are recognised as operating leases and are not recognised in the Associations’ statement of financial position but are disclosed seperately in the notes. Taxation:The Association is a charitable organisation and is exempt from income tax but is a GST registered organisation. Accounts Receivable: Debtors are recorded at the amount expected to be received in cash. This value is after writing off non recoverable amounts. No provision is made for doubtful debtors. Investments: Investments are recorded at fair value and are periodically assessed for impairment Changes in Accounting Policies: The accounting policies adopted are consistent with those of the previous year.

2 Donations 2010 2009

YWCA Member Donations 1,597 2,063

General Donations 610 63

Fundraising 5,143 -

7,350 2,126

3 Rental Income 2010 2009

Room bookings - 1,338

Office Tenancies 20,516 13,790

20,516 15,128

4 Grants

a) Grant Revenue 2010 2009

Discover™ programme 30,000 37,610

Discover fundraising 2,668 -

Encore programme 3,820 3,600

Other Grants 9,530 1,844

Funded Rent 3,000 3,000

Funded Salaries/Admin Support 19,500 17,000

68,518 63,054

The above Grants have either been received during this financial year, or have been received prior to 2010 and

taken as income this year as per the policy outlined in Note 1 - Revenue.

The above grants are either GST exempt or exclude GST where appropriate.

Grants are provided from the following organisations:

2010

Discover™ TG McCarthy Trust (Public Trust) 5,000

Nikau Foundation Trust 5,000

Southern Trust 10,000

Winton and Margaret Bear Trust 10,000

30,000

Encore SPARC via YWCA Aotearoa New Zealand 3,820

Other Grants Pub Charity (Photocopier) 2,100

NZ Lotteries Environment and Heritage 4,930

New Horizons Trust Award via Barbara Francis 2,500

9,530

13

14

Funded Rent NZ Community Trust 3,000

Funded Salaries/Admin Hutt City Council Community Development Fund 5,000

Hutt Mana Charitable Trust 5,000

NZ Lotteries Community Organisation Grants Scheme (COGS) 9,500

19,500

Discover fundraising 2,668

Total Grants 68,518

b) Grants classed as liabilities

The following Grants are classed as liabilities as at 31 December 2010 as per the policy outlined in Note 1 -

Revenue:

2010

TG McCarthy Trust via Public Trust (for 2011 Alcohol safety programme) 4,500

Nikau Foundation Trust (for 2011 Alcohol safety programme) 5,000

Porirua City Council Community Development Fund (2011 Encore programme) 700

10,200

5 Personnel costs 2010 2009

Salaries 99,572 93,656

ACC Levy 509 611

Recruitment 165 -

Supervision and Training 679 -

Volunteers expenses 4,009 3,860

Kiwisaver 1,063 -

105,997 98,127

6 Accommodation Expenses 2010 2009

Rent and Maintenance 29,860 28,941

Electricity and Gas 2,014 1,895

Insurance 2,010 1,820

Security Services 359 537

34,243 33,193

7 Office and Administration 2010 2009

Advertising and Publicity 490 690

Audit Fee 250 -

Bank Fees 42 37

Communications 5,735 2,238

Couriers and Transport 1,965 740

Depreciation / Asset write offs 473 4,038

Donations granted 250 500

IT and Accounting services 5,841 4,632

Fundraising expenses 3,397 -

Photocopying / Printing 4,095 3,236

Postage 307 154

Professional Consultation 6,720 50

Resources - (91)

Stationery 1,762 2,038

YWCA National Levy / World Council and RS Pledge 11,700 8,936

National meeting attendance 568 171

Other expenses 1,738 2,982

45,333 30,351

8 Programme expenses 2010 2009

Food / Catering 3,239 2,186

Venue Hire 1,324 1,531

Special Events 1,559 1,611

Programme participants cost 93 107

Programme Development - 2,494

6,215 7,929

9 Cash Accounts

Cash and Bank accounts are held as follows:

2010 2009

Cash and cash equivalents 8,225 7,929

8,225 7,929

10 Investments 2010 2009

Term investments - 18,510

Shares in listed company** 37,400 41,00

Secured deposits* 66,652 181,526

104,052 241,036

* Secured deposits comprise secured debenture investments in St Laurence Limited, Strategic Finance Limited and

Dominion Finance Limited. All the investments are frozen as all the holding companies are in receivership. The investments

have been assessed as being impaired and consequently written down to reflect the expected recoverable value of the

asset. Recoverability has been assessed with reference and guidance offered by the Receivers of each company, where the

15

16

advised recoverability range spans between 10-35%.

**The comparative period has been restated to adjust for a material error. The adjustment was raised to reflect the fair value

of the investment as at 31 December 2009 accordingly to market rates. The restatement has resulted in an unrealised loss

on investment of $12,530 being recognised in the statement of financial position. the impact of the write down has resulted

in a reduction in the carrying value in shares in a listed company from $53,530 to a restated value of $41,000.

11 Property Plant and Equipment

Opening Cost Book Value Assets Assets sold Depreciation for 2010 Book Value

1/01/2010 purchased 31/12/2010

Office Equipment 0 0 2100 0 473 1627

0 0 2,100 0 473 1,627

12 Operating lease commitments

2010 2009

Lease commitments under non-cancellable operating leases are as follows:

Current portion 33925 33925

Non-current portion 17208 51,133

51,133 85,058

17

18

Life members

Audrey Reynolds.

Faith Gibbons passed away during 2010

President Vanisa Dhiru (fromApril)Appointed8March2005

Vice President Rachel Williams Appointed12October2009

Vice President Anne Patterson Appointed9March2009

Secretary Amy Barnett Appointed 2 August 2007

Treasurer Yang Yang Appointed14September2009

Board members

NikkiBurnsCo-opted 10 October 2010

SallyConnellAppointed15December2008(onleavefromJul-Sept)

SueHanrahanAppointed14September2009

Cora OwenAppointed14September2009

Lily Reid Appointed 24 April 2010

SianSmithCo-opted 22 November 2010

VictoriaStaceCo-opted 22 November 2010

ElenaSzentivanyiCo-opted 22 November 2010

Lynell Tuffery Appointed8March2005,resigned8November2010

Committees

Discover™ Leadership Advisory Committee Amy Barnett

(chair),VanisaDhiru,ColleenDryden,AnneMeade,Lili-lucia

Schmidt-Uili,MarilynSlack.

Communications Committee Allison Bone, Vanisa Dhiru

(chair), Anne Patterson.

Maori Womens’ Transfer Fund Committee Anne Charles,

Ana Davies, Lynell Tuffery (chair).

Programmes CommitteeVanisaDhiru,GretaFile,Sue

Hanrahan(chair),JennieO’Donovan,LilyReid,SianSmith,

Rachel Williams.

Staff

Executive DirectorMakereDerbyshire(April-November)

Discover™ Programme LeaderLili-luciaSchmidt-Uili

OfficeManagerChristinaSilkstone(January)

Funding Coordinator KavitaRaj(January-November)

MembershipandOfficeAdministratorClaireMedcalf(April

- November)

MYOBConsultantChristineGarrett,Beenz&BytesLimited

EncoreCo-ordinator/AssistantClaireLaurenson,MargieBliss

2010YWCAWOMEN

19

POBox9563,MarionSquareWellington 6141Aotearoa New Zealandp.+6443850505e. info@ywcawellington.org.nzwww.ywcawellington.org.nz

NewZealandregisteredcharitableentity:CC39197

We’dliketothank:

Our Discover™ mentors

JennaCollins,MakereDerbyshire,DianaFelagai,VictoriaHoleman,JayneMilburn,KathyMiller,GeorgiaStephens,Ema

Sanga,NicoleSkews,PineSouthon.

Ourworkshopspresenters2010AgapeBudgeting;Sarah-JaneBlake,SirPeterBlakeTrust;GillBurns,Habitatfor

Humanity;VanisaDhiru,WellingtonTradeAid,LesleyElliott,SophieElliottFoundation;CatherineHarris,NaturalFertility

NZ;TracyKeith,TMKConsulting;Dr.AlbertMakary;HannahNorthover,WellingtonCommunityLawCentre;Jennie

O’Donovan,GlobalFocusAotearoa;EpirosaRobertson.

Our membership

LifeMembers Audrey Reynolds. Faith Gibbons passed away during 2010.

Friends of the YWCAGayKeating,JudithNathan.

MembersMagilaAnnandale,AmyBarnett,CarolBeaumont,CatherineBenland,RebeccaBishop,JennyBrash,LizBrown,

NikkiBurns,LeasaCarlyon,DinithiChadrasekera,SallyConnell,Hon.LianneDalziel,Hon.CatherineDelahunty,Emilee

Dimcheff,VanisaDhiru,KimDobson,CatherineDuffin,FrancisDuffin,EmilyEvers-Luck,SallyEvers,MarettaFawcett,

BarbaraFrancis,MarionFrater,ShenaghGleinser,ShirleyHampton,SueHanrahan,TonelleHorner,LeahIngridSeno,

BarbaraKedgley,TracyKeith,PaulaKohika,MaryLewis,MelissaMarshall,SueMoroney,AvenalMcKinnon,ElizabethOrr,

GelineOwczarek,CoraOwen,JoyParkin,JusmenaPatel,AnnePatterson,KerryPrendergast,GailPowell,LilyReid,Laurie

Salas,PriyaSingh,NicoleSkew,MarilynSlack,SianSmith,VictoriaStace,NurulSultan,ElenaSzentivanyi,RaTahere,

SolangeTaylor,FionaTregonning,LynellTuffery,FloraTupufia,BarbaraWalsh,MargaretWalsh,RachelWilliams,Marion

Wood,YangYang,EmilyZajkowski.

Our volunteers

AgnesMoncrieffProjectBarbaraFrancis,MuiLengGoh,HardeepKaur,PaulineKeating,RuthPirie,ElspethPreddy,Teresa

Underhill.

Wellington Institute of Technology researchersDinithiChadrasekera,EmileeDimcheff,RaTahere,PriyaSingh,Emily

Zajkowski,LeahIngridSeno,PaulaKohika,GelineOwczarek,JusmenaPatel,SolangeTaylor.

InternationalStudentsprojectatVictoriaUniversityofWellingtonAikoSato,LeaSchmitz.

CommitteesAnaDavies,AnneCharles,Dr.AnneMeade,ColleenDryden,GretaFile,JennieO’Donovan,KavitaRaj,

MarilynSlack.

Our supporters

ANZNewZealandStaffFoundation

CommunityOrganisationGrantsScheme(COGS)

Hutt City Council

HuttManaCharitableTrust

NikauFoundationTrust

NZ Community Trust

NZ Lotteries Environment and Heritage

Porirua City Council

Pub Charity

SouthernTrust

TGMacarthyTrust

WintonandMargaretBearTrust

Ourfriendswhogiftinkind

OrganisationsgetfunkdMannersStreet,Kiwibank,KPMG,McGregorWrightGallery,NewZealandPortraitGallery,New

ZealandPost,TheBodyShop,VahineOramaPACIFICA,WellingtonCityCouncil,WellingtonInstituteofTechnology.

IndividualsLeonieSnook.

ACKNOWLEDGMENTS