C55800271 GDC Gisborne IS Dept-20170606095100 · The Gisborne International Music Competition was...

Julie Condor Contracts and Funding Advisor Gisborne District Council PO Box 747 Gisborne 4040

31st May 2017

Dear Julie,

G1sborne International MUSIC Compehhon GIMC Charitable Trust CC 50533

PO Box 949, Gisborne 4040 New Zealand Phone: Manager +64 27 240 1254 Email : [email protected] www.gisbornemusiccompetition.com

On behalf of the Gisborne International Music Competition Charitable Trust I enclose an application to the Gisborne District Council to waive the cost of hiring the War Memorial Theatre for the 2017 Gisborne International Music Competition.

The Gisborne International Music Competition was conceived in the aftermath of the 1988 Cyclone Bola as both a positive event for the Gisborne community and one that would dispel wider perceptions that Gisborne was ruined. The inaugural competition was held in 1989.

The GIMC has evolved and grown since that time to gain international recognition for its high artistic standard and special character, and is a model for how an event of this type can promote resilience and pride in a once-broken community.

The event seeks to strengthen the economic growth of Gisborne by attracting visitors to the region and by promoting of Gisborne nationally and internationally as a place of high quality art, supported by a dynamic and successful community.

The cultural capital of Gisborne is equally enhanced by providing residents with no-cost access to world-class, live musical performance on a number of different platforms including competition recitals at the War Memorial Theatre, the outdoor Concert Under the Leaves and through community engagement activities at local primary and secondary schools and retirement homes.

The GIMC is an event passionately supported by the community and which contributes to make Gisborne a more positive, prosperous and attractive place to live. I hope the Gisborne District Council will be able to assist us in presenting the 2017 event.

Mark La Roche Manager

(~ PRINCIPAL SPONSOR

~FCf

jms

Typewritten Text

Appendix 2

Application (use for all grants) ,\t~ ---Community Funding Schemes DRAFT

GISBORNE DISTRICT COUNCIL

~ X Registered charity/incorporated society

Unregistered but constituted group

Social enterprise or commercial entity

Charity number: CC50533/Incorporated Society 2615152

Commercial entity: Commercial Entities may only apply for funding in the following circumstances (please tick all that apply).

to cover the costs of delivering a free community event/activity; or,

to subsidise the costs of a charged-for event/activity in order to enable the community access it; and,

where all profit generated by the event/activity is to be reinvested in a social, environmental or cultural mission

Individual: Individuals must provide details of a formal body who is prepared to act as an 'Umbrella Organisation' to administer the grant.

Name of umbrella organisation:

Name of contact:

Position held:

Phone: Email:

I confirm I am aware of this application and have authority to sign:

PLEASE NOTE: If you do not have an 'Umbrella Organisation' funds will be released retrospectively as reimbursement for preapproved expenses.

1/we confirm 1/we do not have an umbrella organisation for this application and understand that funding will be released retrospectively upon production of receipts and/or invoices.

Micro grant- up to $500 please complete questions in GREEN boxes only

X Medium grant- up to $50,000 (please answer ALL questions)

Multi-year grant (please answer ALL questions) 2 year grant

Discretionary Assistance -over $50,000 (please answer ALL questions)

Name of organisation: Gisborne International Music Competition Charitable Trust

Name of principal contact: Mark La Roche

Position held in organisation: Manager

Phone: 0272401254 Email: [email protected]

Address for correspondence:

PO Box 949, Gisborne 4040

Please provide details of the project for which you are seeking funds:

3 year grant

The Gisborne International Music Competition is a recital style competition, attracting leading players of orchestral instruments aged 16-25 years from around New Zealand and the world. The event is run over three stages: first round, semi-final, final . All rounds are held in public at the War Memorial Theatre.

Community Fllndlng Schemes ApplicatlonFonn ~May 2017 of2

PO Box 747, Gisborne 4040 • 06 8672049 • 0800 653 800 • [email protected] • www.gdc.govt.nz • I]GisborneDC

Community engagement initiatives offer further opportunities for Gisborne residents to learn from and experience the visiting musicians including: Workshops at local primary and secondary schools The GIMC primary school residency programme House concerts at retirement homes The outdoor Concert Under the Leaves in Marina Park

Where will your project take place? War Memorial Theatre

When will your project take place? Start: 24/11/17

Who is involved in planning and delivering your project?

End: 2/12/17

The Gisborne International Music Competition is administered by the Gisborne International Music Competition Charitable Trust.

Trustees: Dame Bronwen Holdsworth (Chair), Matt Clark, Jason Grout, Ruth Quilter, Pat Seymour, Jo Thorpe, Marcus Wi ll iams Professor Jack Richards (Advisory Trustee and Patron)

Manager: Mark La Roche Administrative Assistant: Margaret Dunsmore Gisborne International Music Competition Friends Co-ordinator: Gi ll Armstrong Honorary Secretary/Treasurer: Bil l Harding

Which of Gisborne District Council's Strategic Priorit ies does your project contribute to? (tick all that apply)

X Resilience -the ability to prepare for and bounce back from adversity:

Enables our communities to withstand or recover from difficult ies and hardship.

X Prosperous Tairawhiti -fostering economic growth and community well-being:

Fosters economic growth that supports jobs and business.

Environmental Stewardship- caring for our natural resources:

Caring for the sustainable management of our natural and physical environment.

X Mana Tairawhiti - enhancing and enjoying our unique region:

Celebrat ing our rich cultural heritage, environment and lifestyle.

Inclusive decision-making - involve and engage people in decision-making processes:

Involving and engaging the community in decision-making processes.

Who will benefit? Gisborne Residents

Gisborne children and youth

Elderly residents

Families

How will they benefit?

Cost-free access to world-class, live music

Community engagement at primary and secondary schools

House concert at a retirement home

Concert Under the Leaves in Marina Park

The GIMC has been run annually since 1989 and continues to be enthusiastically supported by audience members, volunteers, sponsors and donors from within the Gisborne community.

School teachers are eager for their students to become involved in the competition's community engagement programme.

The GIMC promotes Gisborne as a positive place to live and visit regionally, nationally and internationally.

Outcome to be achieved:

Audiences from all parts of the community support the event. Students are inspired. Gisborne is widely promoted.

Measurement of success:

Front of House staff record audience numbers. Feedback sought from school teachers. Media coverage is monitored.

Community Funding Schemes AppllcatlonFonn ~May .(017


Page2 ofS

What will you need to do to achieve your activity/project?

Milestones year 1

Financial support

Multi-year grant only:

Milestones year 2

Milestones year 3

What are the risks?

Revenue loss

Force majeure event

How will this affect project delivery? Prevent the event being run in the future

Achieved by: (month)

October



What will you do to address this? The GIMC seeks annual funding from a high number of different sponsors, donors, trusts and individuals, reducing the risk of catastrophic revenue loss.

A reserve has been built to insulate the event from unanticipated loss of income.

New funding sources are actively sought to mitigate the risk that long term donors, who have supported the event for over two decades, will become fatigued.

Force majeure clauses included in all contracts with entrants and staff

Does your project include any of the following: Construction or alteration of a building; use of or closure of public road; consumption and/or sale of alcohol and/or food; use of council facilities; health & safety services (e.g. StJohn's, surf life saving, wardens, etc.)

.f Yes No

If you have answered yes then you will need to contact Council to check on compliance requirements. Please provide details of which departments you have contacted and the outcome.

Department: Venues Name of contact: Rob Russell

Compliance (eg. consent, permit, licence, venue hire): Hire of War Memorial Theatre

Approved: .( Yes No Date of decision:

Department: Name of contact:

Compliance (eg. consent, permit, licence, venue hire):

Approved: Yes No Date of decision:

Department: Name of contact:

Compliance (eg. consent, permit, licence, venue hire):

Approved: Yes No Date of decision:

Are you asking Council to waive the cost of your consent, permit, licence or venue hire? .f Yes

The cost of consents, permits, licences or hire should be included in the project costs at section 10.

List all costs and any projected income associated with this project/activity.

Communfty Funding Schernes Appl!cat!onForm·MJy 2017


No

Page 3 of 5

Costs: $

Admin, fees, travel, accommodation 59,700

Prizes 25,600

Venue, catering, marketing 18,800

Total cost$ 104,100

Year 2 costs: $

Total cost year 2 $

Year 3 costs: $

Total cost year 3 $

What specific items are you asking Council to fund? Item:

Hire of the War Memorial Theatre (excl GSD

Have you applied to any other funders for this project?

If yes, please provide details below.

Income:

Entry fees, sales, advertising, fundraising

Gisborne trusts/donors/sponsors

National trusts/ donors/sponsors

Income:

Income:

$Year 1:

4,967

Total: 4,967

Total income$

Total income year 2 $

Total income year 3 $

$Year 2:

$

16,500

55,100

32,500

104,100

$

$

$Year 3:

.; Yes No

Funder: Amount applied for: Date of decision: Amount approved:

Eastland Community Trust

Eastern and Central Community Trust

Infinity Foundation

First Light Community Foundation

What will happen if you do not receive the funding required?

The GIMC Charitable Trust would access funds held in reseNe.

30,000 30,000

4,000

4,000

1,750

31/5/17

28/7/17

30/6/17

Please supply a copy of your organisation last annual financial report, or in the absence of the financial report a statement of income and expenditure for the last 12 months. If these documents are not available please explain why below.

If any fund held by your organisation are not being used for this project please tell us why:

In making this funding application I declare that:

Community Funding Schemt?s App!lcatlonForm- May 2017 Page4of5


.( I am authorised to do so and the information contained herein is true and correct.

.( Any funding received will be used for the project for which it is approved .

.( I will provide an accountability report to GDC within 2 months of completing the project .

.f I consent to GDC collecting, retaining and using the contact details that have been listed in this application .

.( I agree to repay GDC all funding that is not used for the purposes outlined in this application.

Name:

Signature:

Please attach:

.( A copy of your accounts/financial report?

.f A bank deposit slip.

Send completed application to: Gisborne District Council PO Box 747 Gisborne 4040 Or email: [email protected]

Community Funding Sc.hemes App!!c.at!onForrn · May 2017

PO Box 747, Gisborne 4040 • 06 8672049 • 0800 653 800 • [email protected] • www.gdc.govt.nz • (jGisborneDC

PageS ofS

Gisborne International Music Competition Charitable Trust

Performance Report

For the year ended 31 December 2016

Contents

Non-Financial Information:

Entity Information •

Statement of Service Performance

Financial Information:

Statement of Financial Performance

Statement of Financial Position

Statement of Cash Flows

Statement of Accounting Policies

Notes to the Performance Report

Independent Auditor's Report

Chairperson

Treasurer 7 ..

Page

1

2

3

4

5

6

7

10

(it-/"? /.-z Date I

I- ------ -·-·-~--· --·--- ··--·- -·--------- -

;legal Name of Entity:* I I iType of Entity and legal Basis (if any):*

1---------- ---- -- - -- --i Registration Number:

I -Entity's Purpose or Mission: * . ... . -

--! -- -------...... ~-- -·-· ---- ----, ; Gisborne International Music Competition Charitable Trust

11

-1-- -- ---- - ----- - --------- ------ --- ------ --j ! Registered Charity and Incorporated Society i

-- -- --- i--- ------- -------- --------- ----- ---~ I : I CC50533 '

To provide for the advancement of music education in Gisborne.

To enhance the educational, experiential and career opportunities for young musicians by raising funds, promoting and

:managing the annual Gisborne International Music Competition.

To enhance the economic and social wellbeing of the Gisborne District by attracting competitors and visitors to the distric

from other parts of New Zealand and internationally .

. Entity Structure: * --

The Trust is registered as a Charity and as an Incorporated Society.

The Trust is administered by a Board of no less than four and up to a maximum of seven Trustees. Trustees hold office for

a period of three years and are eligible for reappointment.

The Board may appoint Advisory Trustees as it sees fit. Advisory Trustees are not entitled to vote at Board meetings.

The Board meets at least four times per year, with one of these meetings being the Annual General Meeting (AGM).

The Board elects a Chairperson, Secretary and Treasurer at the AGM

. . Main Sources of the Entity's Cash and Resources:*

r • •• ••- •

• Donations and Grants from third party funding providers and the general public. Sponsorships from local and national

organ~sations _ _

Main Methods Used by the Entity to Raise Funds:* - -- -Ticket Sales to the Gisborne International Music Competition

. -Entity's Reliance on Volunteers and Donated Goods or Services: *

-··- - . . -- -- - -.Apart from employing a Manager, the Trust is totally reliant on volunteers.

Co ntact deta ils I is7 Customhouse Street, GISBORNE 4010

~· -----· ____ .. __________ -- ------------- --------·· -·---, I Physical Address:

L--- ----------------Postal Address: I PO Box 949, GISBORNE 4040

----- -----------------------------"1-.--- -- -- --------- ----- ----------- -------- -· 1 Chairperson: Bronwen Holdsworth

! i

Contacts:

,______ --- ----------- ---i Phone: i- e-mail ~---------- ___ .. ____ -, __ ---·· --------

j~~easur~r: B~~ Har~:g ________________ _

! 06 868 8019 --,

-~_@b;i~~h·d~-;:~--~~ -~~=---~=-- -~- ---~~-~-- ~-=-=!

Page 1

~ Description of the Entity's Outcomes*: : Succ~ssful r~-;:;-~ing ~tthe-2oi6-Gisb-;~n-~ inter~ati~nal Music Competition~··-

! o~scription -;nd Qu~~tifi~itio~-(t~thi e;tent ·p-;:~ct:i~abl;) of the · ·-r-· .. .Act.;il;----; !

Entity's O~tp':l_~~-:* .... ____ __ ____ _ ___ ___ ____ _ _ . .. _ _ . _____ L_ !_tli~_!~a~ _ _1

i '

Number of participants in the competition 45 I

I_. ·-- --- ---- --·--- --- - -·- ... - ·--· _L __ - -- -

' --I

I

-1

Page2

I I I i


Statement of Financial Performance

"How was it funded? " and "What did it cost?" For the year ended 31 December 2016

~----- ---· ----- - ---- -··· - --- ·------·- - - ·----~ -- ---. ·-· -·- - -- --.' I Reve~~e--- --- ---- - - ·· -- - ----·--- -·- ··- - --- ------ -- -j -------- --·--- --------· --- ·--- -· .... -·· --- -. --- - -- - -·- --- ---· - - ~

<Donations, fundraising and other similar revenue * !-- --·- --------- -- ··-------- -~- -- . -- ~-- ----- ----- ---- -- -- ------ ----~ _J

I Re~~-~e from .E~~~ding_go<!d_~~~-':.~~~~ --- _ _ _ . __ ____ __ _ · lWerest, dividends and other investment revenue *

[~al R;~~~~* =~==~-=~ --=~~--~ -~~--~ --~-~~:=·-= ~ -~== ~- - - --- --=-~-=- --~ I i j--·-·- ------------- .. - - ·--- ·- --·· ··---· -· ---·-·· --- ··- ---···--· -- ··---! ! Expen~es . ______ _ ___ ·- __ __ i

---- - --- ----- -- -- --- -~-- -- -- -- -----i •Volunteer and employee related costs*

icosts;e"rated to ~-oviding g~~d~-~~ ~-0-i:~s: ~---~~-~--=--=~-- -~- -~~---= ·= --- --- -----1 ----- ------ 1 ------- -·· --··------------·-· _ _j

IOtherexpenses I 1----------- ---- -- ·--- ---·-- ·------ -------------- --l 'Total Expenses* , ~------·----·------ ··-·- -- - ---· - -·· -- ·----· ---- .. - ·----- ---- ------ --;

This statement should be read in conjunction with the Notes to the Performance Report

Note Actual*

, Page 3

!Assets


Statement of Financial Position

"What the entity owns?" and "What the entity owes?"

As at 31 December 2016

@~~rent_~~~~-==-=- --- -------~-=- ~- ~--~- --= ~- -~~ -:~---=--~ -------=~ ---~ ~--~J :Bank accounts and cash* 1 1---- --------· --- -- ---------- -·- - ---- ----- - ---- ----- -,

~;:~~~::~~=,:· -~~=-~-=--~ ~ ~ =~--~- -~ -~· ~ -~ -= --=--= -~~ --~ ~-----------· ---~ --~·----- - ·----~ ---- -· ·------· --- --- --·-- -- --1

lNo~~;;,;t -~s~~ts -=-~--=--- -=-~~~~--=-~ -~= -~- =~-~----~--_ __ __ __ _ ___ -= ~~~ Total Non-Current Assets i

lro~aiAss~~~· --==-=~ ~ =-=--------=--- _____________ =~-=--==--=-=--_-_] I l

1---- ----- --·- -. ... -- ---- ---- - -- -... --· -- -· - - --- . -- -· --- ------· - ___ j !liabilities ' ·Current Li~-biiities -- ------ ----- -- --- - --- ---- ----------- -- -- -------~

1-----------·-------- ---- ·----------- -- ---·------ -·---- -------' 1 Cred!~or~ and a_:_crued expe.~~s:___ ___ _ _ __ __ _ ______________________ j !Total Current Liabilities i r----------------- --- ·--- ------,--- --------- ------------ ·------------1 I I

,--· -------- --· ·-·-- --- - --------- ·---· ----- -- -----· -- --- _______ j i Non-Current Liabilities I lrotal N~;:curre~-liabiiities ·- --- ----- ·--- --- --- - ----- ·--------------- ------ ., 1------------- ---------- -------· --- ------------------. !Total Liabilities* . : l-- -----· ----- ---· ----- ---· --·- -- --- --· --·- ---- .... ----------------- --· -- -----·-·-·-- ---j : . r:r.------- -------------- -- ----------- --· -·-- --- --- -------- --~

, Total Assets less Total Liabilities (Net Assets)* ,

L_ -=-==~~=--=-:_-=~=~-==--=-----~-=~---=-===-= -=~---==-~-J !Accumulated Funds ' 1-----------------------·--·------· -- ·-·- -------- ------- ·-- _____ , 1Accumulated surpluses or (deficits)* i '----·--------------·-------···----~---------~ --- ·-----------, ~~~~~~----------------·-·· ------------------------------·-- ---- ---- _____ j !Total Accumulated Funds* i -------

This statement should be read in conjunction with the Notes to the Performance Report

, Page4


Statement of Cash Flows

"How the entity has received and used cash "


leash f:iows fr~~ a·perati~iActi~ities* - ·--- ----- · ------- - ------------- ·· -- ·--- --~

1-------------------- ----- ----- -----·---- -- ----- --·------ ------- -·--------- j i Cash was received from: 1 '---· ------·- ·---·-- ---- ------- ---- ----- ------ - --· -----l ' Donations, fund raising and other similar receipts* I'R-~~eipts from providinggOOdS~r ~~rvices* ___ -------- ------- --- - - -------- ------ ---<

t ~tt:rest,di-~idend~ ~-;,d other i~;;e~;:;;-~t r~eipts* ____ - ------ ... --------- --- l r·Net GST --- ___ .. _ ---- . ----------·- ---- - ---~------=--·----~-------- ------~---- =-~----~ i--------- --------- -- ---· - ----- ----- - ---- ---~-- - -- - --- -- - ---- ·-:Cash was applied t~ ------------- _______________________ ·---- ____ -----·. _______ ------J j ~ayments to sup_e_lier~~~-e~ploye~-~ - ___ ----------- _______ _______ __ ! Donations or grants paid* I

[Ne_t Cash "fl?ws-from O_p~~~!~g Acti~l!i_is * -- ==-~-==:~ ~-=--==-- -~= -~=-==-~=--~] I ---------------- ------------- --- --------- -------- -------~ r Net Cash Flows from Investing and Financing Activities* . !----·--·--------------- ¥•·----··· ----- --~--- ~- -••W ____ •---1 : I 1---------------------------- ----------· ------------------------------4 ,Net Increase I (Decrease) in Cash* J rop~nin~-~~sh* ----==----=--=~~~=--=-=--=-=--=-=--~=~-~~:-==--~~---=~~--~=----1 !Closing Cash* 1 r· --------------- ----- ----- ----- --- ----- - ---- ------ - - --- i :_-----~------------------------ ---------------- -------· -- ----- ----- ... -- ----l jThis is represented by: ' ,-----------------··· --·--·-·------~ -----~--- .... --·~ ----- ---- ----· -· j Bank ~~counts and -~sh*_____ ------------ ---------------- _________ _ ________ j

This statement should be read in conjunction with the Notes to the Performance Report " Page 5


Statement of Accounting Policies

Basis of Preparation*

"How did we do our accounting?"

For the year ended

31 December 2016

Gisborne International Music Competition Charitable Trust has elected to apply PBE SFR-A (NFP) Public Benefit Entity Simple

·Format Reporting- Accrual (Not-For-Profit) on the basis that it does not have public accountability and has total annual

expenses of equal to or less than $2,000,000. All transactions in the Performance Report are reported using the accrual basis

. of accounting. The Performance Report is prepared under the assumption that the entity will continue to operate in the

foreseeable future.

Goods and Services Tax (GST}*

All amounts recorded exclusive of GST except for Debtors and Creitors which are stated inclusive of GST.

Income Tax

The entity is wholly exempt from New Zealand income tax having fully complied with all statutory conditions for these

exemptions.

·Bank Accounts and Cash

Bank accounts and cash in the Statement of Cash Flows comprise cash balances and bank balances (including short term

'deposits) with original maturities of 90 days or less.

;Changes in Accounting Policies*

There have been no changes in accounting policies during the financial year. '

Page 6




Note 1: Analysis of Revenue

- ·-~----- --- -· ------ --- .... -;Donations, fund raising and other similar revenue I I i i

1 This Year$

• • • ----- ---------- ------ ----- ----=-r·---~--s-s:s6oj (Donations _ _____ __ _ _ -l-------~320 J :-~~tland Comm~~~y_Trus!._____ _ _ _ ...J.____ 30,000 ~

!

i ,------ ------. ---··------·----- -

i Eastern & Central Community Trust l 4,000 ;

---· ;~t~!_ =~--~-----:~==~------~~-"------~ -~--~~!~[;_ _,_ 1pi:B85-~ t1b R~venu;item - --------------- ! An~lys~ ·- ··- ----- --·- - ---- -- i This Year$

~~venue f;~-~ p;~viding-go~ds o r ~~rvic~s ---- J Adv;rt~inil~rom~------ ----- -- ---- --t· -- --- -591-1--------------------- ---- +----------------'

1 1~try_£_ees ~ Ti~k-~t_Sal~s_ __ ______ ______ __ j_ _________ 7!.39~l

, ~ ~~rtet~?ncert_ - _!!~~et Sales _ _ ___ · ___ --------- _j i iOuartet Concert - Expenses I 1---------------------------- __ iro!a~--=~=-- ==~~~=~=~~-~~-~~---- ~~- ;--. 7,99Q.; ~---·---~•·----------··••----·----·---------• - ·-••••-· ••---~ - •• ----·•-----·--·- ___ ,v~-·----- ..... --------•-• !lc Revenue Item !Analysis ~his Year$ i ! Interest, dividend~ and -other investm;nt reven ;;~ rr~terest Receive~~ ~-~f- _ -- -------------- -------'

I

1-lTotal

; _______________ - -----·---- ~-----·-- -·------~----

;~a Ex!!_~!_!~~ lte~-------------· _ __ _ __ Volunteer and employee related costs

I >J uror's Professional Artists Fees & Administration i : I 26,140 VVages 1

i.¥i~_g~~· .s~~es·~=~-=-==~= ~-~=- -=L~?~ooo j ____ __l!~tal ______ _ __ ____ . _ _ __ j£f.; > _?~~-H.9e~

;ib-Exp~ns;· item ______ -- --- ---- -,---------------- ---··-- ------- --' (osts related to providing goods or services I ' I !

' A~-;;iysi~ - --- ----T--T his Ye;;:-r- . : Adv""~rt~ng ------- -- ---: - - ---2,215~ Kompetition Expe~~;; & ·s ;;ndrl~-s --·----- · - -l-- -----·-- -4,231 i ~- ----------- ·-------- ---- ·- --·-- - -- --·--j--- --- -- ··---;:-:-:::-l [~or:cert- Under the leaves ------------- ---+---------~~-: !Hall Hire & Expenses 1 4,604 · r-- ·----- ----------- ------------;- --------..., Printing ! 3,183 ·

;.--------·----- ----~------- ------ -------t------------·-·1 I Prizes ; 24,000 . r=r;;~&-Accom~~;;:;----- -- - -- -· ___ !_______ 4,844 r

____________ _ _ jr~~~ ------------- - ---~=};._:;:T~4i6&S;j

;2c Expe~seite;·--- ----·-- ---- !Analysis · --------· -· ------------ ----~ This Year$ -

J Grant~ and donations made --- ·-----------~~-holars_hip -~--- ---~-~----~==-~-===-~-- ·• . --~--i~~~ ·--- ---------- __ -------- ________ 1T?tal - --------------- ------------· ____L,-:, ~< ,, lOQ ,

i2d[xpen; ;ltem _____________ -------------TAnaiYsis ---- -- ·-··- -- --- -----~ -Thi~Year$1

:Other expense~------ ------------ ----- ~~dit Fe~~--~-==--=--=--= =:-.-~:=·-- --~ =~~~~==--i~~Q_-~ : I Bank Charges 1 109 1 ' !-----··------- -·-·- ----------- ---- .......... ·-- .. ------ -~------- --·

[_Fu n_~~~~~-__ _ ____ .. _ _ ___ L .. _ : ____________________ ------------ ________ ! To~al___ ___ ________ ___ ________ _ ___ _t_2 .. ;:_;,y;. __ _

···----; 1,744 : 3;oo3~1 Pag~-7-,



. 3a Asset Item ,_ --· ----- --· --:Bank accounts and cash I L --···

: 3b-AS"i~t Item -- -- --i·-· --- -- ----- -------- - ---~

1 Debtors and prepayments


-Note 3: Analysis of Assets and Liabilities

Analysis - -·-- ··- --r s"Nzch"~q~e A·~co~;:;-t -:T~tal ·-- --- --i _____ -- --· ~ -

·- ! A~alysis -- --,--- - ·-·-· ------ --!Accounts Receivable . -- -· - - . - --I __ ------

iTotal

This Year$ -·· ·--- "1

131,264 i ---·~~ .. ------ -:-~,

' . 131,261 -1 __ ......_... ..... "'-•--w..-•.0:•

(3d"ii;bilitv·lt~m - . -·-·--- -- -··- -- --- -··-- -- An~iv~i~ -- --- --· ·------ -- r - This.vea-;:-s --1 t::: ··--- ·-·-----·-·· ·--·-- - - ----- ·-··· ·-- ---+· ---- -- ---- -· --- --- --- ·--- -t --- ---·---:-1 Creditors and accrued expenses 1Accounts payable ! 12,195 1

! '----- ---~ ---· ···-- --- ···-~ -·-·-- --- -- -· --- ~- +:"""\-----~-__......_... ... _~:1 ·

1Total t ·-· . ·:~- 12 19S"J L--------~--- --------.... --~---- ---· _1 _____ -·---- - -- -------- ------ -~------ ----~--"_.._.:__.J.!.. .. !~

PageS

I This Year 1-- ------- ·-: Description•

r- · l ast Y;a-r - -- - ·- ---- - - -- ----f-- ·---·-··-· ---·--····· ·- ··-· ·--· ----1 Description* I I

Note 4: Accumulated Funds

Accumulated

Surpluses or

Accumulated

Surpluses or

Reserves* ·~ ------.--,

Total* 1 !

------~-1

Total*

j Deficits*

j ope~ing .. B-;Ian~;- -- --- -- -- .. -- -- -· ---· - --· ---·r- -- . - 24902' -- 34,320 r-.-;~59;2#:] (--·-·- ----· -- --. -- --· -- - -- - -· ·--- --·- --·-- . •t------=. ---~ ~- ,_.,. -- ---....,.,.,..,-~...,..~~

~ ~~~:i1

~~~~~~f~~1!~~ --= -~~~=~- ~ ~--~~ -~---~~~~-=-=~--~-~-~~----~-~J) :~ .;;~~%J~:-+Mf{q1i~ -~ ;[~i~i ~---··--···-·- --·· -------- -------·------- ···-- -- ------------- ----- ---- ---- ------ --- -,-- -----------1 Breakdown of Reserves , Actual* I ' I

i This Year : I ---- -- --·-·--··-----··- --- - -- - ·-· -···-···-- -·-· -- ----- --·- -- -· ·--- -- - ---- -- ·-·---- --·---; I Name* . .. . . . . i Nature and Purpose* i $ ··Gisb~rn-;R~~-d~b Cha~it~bl;T~~- - -·------ ------- --I Settle~ent -2014 - --- ---- ---; -- --- 34,i2o:

l~t~~-=-==-==~-~-:=-~=--===:=--=--=--==-~ ·=-~=-=--=~ --------~~---:-__ -.~ __ ---___ -~ __ Ji;~..:c- .;r~_4:3)ol Note 5: Commitments and Contingencies

I ... ---- --- -· -- ·-· -- ---- ---·-· . ·-· ----- I

-· -- --· ----- --- --------·------~

International Music Competition. ·-----·------------'-·----·------ ·-· -------------------------- -------------------..1 1 Four Trustees donated in total $13,850 for prize money and/operational expenses to run the 2016 Gisborne International : ' Music Competition. ; !---·-- -----·------ -· ·-· .. ---- - ·-- ··-· --- ------------ ---··- ------------ ---. ---- --- ·--- ·---- --·- --- ·--- ··--; lThere were no other transactions involving related paries during the financial year. · ! -· -- ----··----··----· ·-·-. --- -- -----·- --------- ----- ··---- --- . ------ ----------- ---- --- -~

!Note 7: ·E~el1ts Aft;.:t he s~~nce o~te_* _ ··· ------·-·--------- --- -· ·--- -··-- ------·- -·- ····----- ··- ---~

1- - -------··---- -- ---- ---- - --- ... --------- --- ---- ------ ----- -- ---- --:There were no events that occurred after balance date that had a material impact on the Performance Report.

1. ________ . ---- ·--·- -- ---·----- -·-----·--·- ---- -·---·-··-- --·-- ---· ---· -- --· --- ---· ---- ___ ,

Page 9

CHARTrRfD ACCOUNTANTS

Independent Auditor's Report To the Trustees of Gisborne International Music Competition Charitable Trust

We have audited the financial components of the accompanying performance report of Gisborne International Music Competition Charitable Trust on pages 3 to 9 which comprises the Statement of Cash Flows for the year ended 31 December 2016, the Statement of Financial Position as at 31 December 2016, and the Statement of Accounting Policies and other explanatory information.

Trustees' Responsibility for the Performance Report

The Trustees are responsible on behalf of the entity for:

(a) Identifying outcomes and outputs, and quantifying the outputs to the extent practicable, that are relevant, reliable, comparable and understandable, to report in the Statement of Service Performance;

(b) the preparation and fair presentation of the performance report which comprises:

• the Entity Information;

• the Statement of Service Performance; and

• the Statement of Financial Performance, Statement of Financial Position, Statement of Cash Flows, Statement of Accounting Policies and Notes to the Performance Report

in accordance with Public Benefit Entity Simple Format Accrual (Not-For-Profit) issued in New Zealand by the New Zealand Accounting Standards Board, and

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

Auditor's Responsibility

Our responsibility is to express an opinion on the financial component of the performance report, excluding the Statement of Financial Performance, based on our audit. We conducted our audit of the Statement of Financial Position, Statement of Cash Flows, Statement of Accounting Policies and Notes to the Performance Report in accordance with International Standards on Auditing (New Zealand) (ISAs (NZ)). Those standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the financial components of the performance report are free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial components of the performance report. The procedures selected depend on the auditor's judgement, including the assessment of the risks of material misstatement of the performance report, whether due to fraud or error. In making those risk assessments, the auditor considers internal contr<;>l relevant to the entity's preparation and fair presentation of the performance report in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity's internal control. An audit also includes, evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by management, as well as evaluating the overall presentation of the performance report.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our unmodified audit opinion on financial position and cash flows.

Other than in our capacity as auditor we have no relationship with, or interests in, Gisborne International Music Competition Charitable Trust.

Ct-U.I\'TERCD ACCOUNTANTS

Opinion

In our opinion the performance report on pages 3 to 9 gives a true and fair view of the financial position of Gisborne International Music Competition Charitable Trust as at 31 December 2016, and its cash flows for the year then ended in accordance with Public Benefit Entity Simple Format Reporting -Accrual (Not-For-Profit).

Other Matters We have only been engaged to audit the Statement of Financial Position, Statement of Cash Flows, Statement of Accounting Policies and Notes to the Performance Report. No audit has been performed on the Entity Information, Statement of Service Performance or Statement of Financial Performance and accordingly our opinion provides no assurance over these components of the Performance Report.

14 March 2017 Graham & Dobson Ltd Chartered Accountants Gisborne

C55800271 GDC Gisborne IS Dept-20170606095100 · The Gisborne International Music Competition was...

Documents

Transcript of C55800271 GDC Gisborne IS Dept-20170606095100 · The Gisborne International Music Competition was...