Annual Report 2018 1

Ngāi Tāmanuhiri

Annual Report 2018

Whānui Trust

NGĀI TĀMANUHIRI WHĀNUI TRUST 2

Annual Report 2018 1

Ngāi Tāmanuhiri Whānui Trust (NTWT)2pm – 4pm

1. Present / apologies2. Confirmation of minutes of previous AGM3. Adoption of Annual Acounts for 20184. Special Resolution – transfer of MIO and IAO status to TTPT5. Appointment of Auditor6. General Business7. Karakia whakamutunga8. Announcement of voting results

Contents1 Agenda2-3 Minutes from previous Hui-a-Tau4 Financial Reports for the year ended 30 June 2018

NGĀI TĀMANUHIRI WHĀNUI TRUST 2

Ngāi Tāmanuhiri Whānui TrustHui-ā-Tau

Held at Te Muriwai MaraeSaturday 25 November at 11.20am

ApologiesShane BradbrookTina PorouIhipera Whakataka Brent WhakatakaDee HawkinsJo PleydellNgaio HuntKristina Wyllie-MilneHenare PorouPatrice RobinsonPaddy RobinsonParekura BrownBruce Amai

1. Previous Minutes

Motion: That the AGM minutes of 10 December 2016 be accepted as a true and accurate record. Moved: Drina Hawea Seconded: Rex Mokomoko Carried

2. Matters Arising and Action PointsNil

Annual Report 2018 3

3. FinancialsAshley Nuttall from BOD presented the audited financials. The entity is governed by the charities commission but is still a public entity. • NTWT is not an asset trust • There was a grant to the Rangiwaho Marae which had been approved but not drawn down. This had been reflected in the accounts as an outgoing.

Motion: That the financials for Ngāi Tāmanuhiri Whānui Trust be received and accepted. Moved: Erana Nepe Seconded: Rex Mokomoko Carried

Motion: That Coates Associates be accepted as Auditors. Moved: Erana Nepe Seconded: Rex Mokomoko Carried

4. General Business – NilThe meeting closed at 12:10 with karakia Nan Temple.

Chair: Matene Blandford Date:

Attendance RegisterW F PleydellPat DennisAli MaynardCatherine MaynardGuy RikiBrian PohatuWiniata WalkerTrina Pohatu-McQueenBella Hawkins (Hooper)Mere CharltonAmoria ProctorAndre NgarangionePhil NgarangioneTui FerrisTanith WilsonJennifer RuruKeita MorganWaireti AmaiTom Smith

Angus NgarangioneMahuia HribarTe Rina HawkinsMangu Kemp JnrBoy KempLissa-Mia NepeAthena EmmersonRachel Porou WetereMoana KerrWira Rangi SmithAllies WhakatakaRegan HarringtonTemple IsaacsJerriol PohatuMargareta KempKarena ToroaAshley NuttallMartia WyllieRipeka Winitana

Moko EpihaE PohatuRex Baker-MokoKaa KeefeDrina HaweaMatene BlandfordRau NgarangioneAuntie Olive and UncleErena NepeHerbie OsbornHoward PohatuVernice Waiata-AmaiTe Whaea AmaiSoraya PohatuJason KamanaJody WyllieMihi HarringtonLou Kemp

NGĀI TĀMANUHIRI WHĀNUI TRUST 4

Ngāi Tāmanuhiri Whānui TrustFinancial Reports for the year ended 30 June 2018

Entity Information

Statement of Service Performance

Statement of Financial Position

Statement of Financial Performance

Statement of Cash Flows

Statement of Accounting Policies

Notes to the Financial Statements

Independent Auditor’s Report

Contents567891011-1718-20

Ngāi Tāmanuhiri Whānui TrustFinancial StatementsFor the year ended 30 June 2018

Contents

Entity Information 2 3

Statement of Service Performance 4

Statement of financial position 5

Statement of financial performance 6

Statement of Cash Flows 7

Statement of Accounting Policies 8

Notes to the financial statements 916

Independent Auditor's Report 17

13 October 2018

Annual Report 2018 5

Entity's Reliance on Volunteers and Donated Goods and Services:Projects are assisted by suitable volunteers where appropriate.

Iwi: Ngāi Tāmanuhiri Hapū: Kahutia Rangitauwhiwhia Rangiwaho Rangiwaho Matua Tāwehi

Marae: Muriwai Waiari Rangiwaho

Trustees: Matene Blandford (Chair) Angus Ngarangioue Waireti Amai Jody O'Sullivan (Toroa) Tui Ferris Bella Hawkins Regan Te Aorangi Harrington

Accountants: BDO Gisborne Ltd. 1 Peel Street, Gisborne

Auditors: Coates Associates Ltd 300 Childers Rd, Gisborne

Bankers: ASB

IRD Number: 091-405-911

Contact details: 299 Gladstone Road, Gisborne Mailing address: PO Box 746 Gisborne 4040 Phone: (06) 8633560

Entity InformationFor the year ended 30 June 2018

Legal name: Ngāi Tāmanuhiri Whānui TrustType of entity: A common law charitable Trust and registered charity under the Charities Act 2005.and legal basis:Registration number: CC38188 (registered from 30/6/2008)

Entity's Purpose or MissionThe objects of the Trust are to promote the welfare of the members of Ngāi Tāmanuhiri, develop and implement environmental policies to safeguard taonga, promote Tāmanuhiri tikanga and assist in maintaining, establishing and improving cultural and community facilities.

Entity StructureTrust structureOur Trust Deed states that we must have 7 Trustees appointed by election at a Hui-ā-Tau for a term of 3 years. The current 7 Trustees constitute our governance board chaired by Matene Blandford. Trustees may lead sub/committees as determined by our annual work plan and priorities.

Operational structureOur operations are managed by the office of Tāmanuhiri Tūtū Poroporo Trust [TTPT] for which an administration fee is paid to TTPT. We employ staff to carry out projects and use iwi volunteers to assist where appropriate.

Main Sources of Entity's Cash and ResourcesThe Trust relies on funding in the form of donations and advances from TTPT, the Iwi's Post Entity Governance Entity. The Trustees of this Trust are also the Trustees of TTPT.

In respect of marae upgrades and development, the Trust applies to the Department of Internal Affairs [DIA] for Lotteries funding of 2/3rds.

Main Methods Used by the Entity to Raise Funds Application for grants from institutions and funders appropriate for the particular project being undertaken.

NGĀI TĀMANUHIRI WHĀNUI TRUST 6

Statement of Service PerformanceFor the year ended 30 June 2018

1 To engage Iwi beneficiaries in the collective advancement and development of the interests of Ngāi

Tāmanuhiri Whānui.

1 Taura Here hui held throughout the year number facilitated 2 2 Average number of attendees 21 36

2 Special Hui Ā Iwi facilitated through the year number facilitated 3 1 Average number of attendees 38 77

1 New Iwi Beneficiaries registered through the year 27 68

2 Iwi Beneficiaries registered inactivated through the year 5 24 [passed away and any duplicate registrations found]

Page 4

Annual Report 2018 7Annual Report 2018 7

Statement of Financial PositionAs at 30 June 2018

Bank accounts 187,523 166,041Accounts Receivable 5,232 13,908Goods and services tax 917 2,142

193,672 182,091

Accounts payable 24,603 170,098Accrued employee entitlements 19,880 15,827Income in advance 30,000 Tāmanuhiri Tutu Poroporo Trust 492,664 497,044

567,147 682,969

Capital contributed by owners or members Accumulated surpluses or (deficits) (378,728) (506,131)Reserves 5,253 5,25312

Page 5

Bank accounts 187,523 166,041Accounts Receivable 5,232 13,908Goods and services tax 917 2,142

193,672 182,091

Accounts payable 24,603 170,098Accrued employee entitlements 19,880 15,827Income in advance 30,000 Tāmanuhiri Tutu Poroporo Trust 492,664 497,044

567,147 682,969

Capital contributed by owners or members Accumulated surpluses or (deficits) (378,728) (506,131)Reserves 5,253 5,25312

Page 5

NGĀI TĀMANUHIRI WHĀNUI TRUST 8

Statement of Financial PerformanceFor the year ended 30 June 2018

Donations, fundraising and other similar revenue 388,000 357,000Revenue from providing goods or services 39,640 35,993Interest, dividends and other investment revenue 14 172Other revenue

Volunteer, employee & contractor related costs 148,681 160,150Costs related to providing goods or services 21,890 33,142Grants and donations made 150,101Other 129,680 119,056

Total Expenses 300,251 462,449

Page 6

Donations, fundraising and other similar revenue 388,000 357,000Revenue from providing goods or services 39,640 35,993Interest, dividends and other investment revenue 14 172Other revenue

Volunteer, employee & contractor related costs 148,681 160,150Costs related to providing goods or services 21,890 33,142Grants and donations made 150,101Other 129,680 119,056

Total Expenses 300,251 462,449

Page 6

Annual Report 2018 9

Statement of Cash FlowsFor the year ended 30 June 2018

Cash was received from:Donations 388,000 347,000Grants operational 9,000 10,000Grants Projects 60,000 47,493Sale of goods and services 8,184 5,389Interest received 14 172

Net GST 2,109 1,391

467,307 411,445

Cash was applied to:Payments to suppliers & employees 291,445 414,766Distributions to Marae & koha 150,000 101

441,445 414,867

Cash was received from:

Cash was applied to:Monies held on behalf repaid 1,450Repayment on TTPT current account 4,380

4,380

Opening Cash 166,041 170,913

This is represented by:Bank Accounts and Cash 187,523 166,041

Page 7

Cash was received from:Donations 388,000 347,000Grants operational 9,000 10,000Grants Projects 60,000 47,493Sale of goods and services 8,184 5,389Interest received 14 172

Net GST 2,109 1,391

467,307 411,445

Cash was applied to:Payments to suppliers & employees 291,445 414,766Distributions to Marae & koha 150,000 101

441,445 414,867

Cash was received from:

Cash was applied to:Monies held on behalf repaid 1,450Repayment on TTPT current account 4,380

4,380

Opening Cash 166,041 170,913

This is represented by:Bank Accounts and Cash 187,523 166,041

Page 7

NGĀI TĀMANUHIRI WHĀNUI TRUST 10

Statement of Accounting PoliciesFor the year ended 30 June 2018

The Trust has elected to apply PBE SFRA (NFP) Public Benefit Entity Simple Reporting Accrual (NotForProfit) on the basis that it does not have public accountability and has total annual expenses of not more than $2 million.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.

Accounts receivableAre recorded at expected realisable value, after writing off all debts considered unrecoverable.

Goods and Services TaxThe Trust is registered for GST and the financial statements have been prepared on a GST exclusive basis with the exception of receivables and payables which are recorded inclusive of GST.

TaxationThe Trust is exempt from income tax under s. CW 41 and s. CW 42 Income Tax Act 2007 as a Trust established and maintained exclusively for charitable purposes. The Trust was registered as a Charitable entity for the entire financial year.

Tier 2 PBE Accounting Standards Applied (if any):The Trustees have not adopted any Tier 2 PBE Accounting Standards in the preparation of these financialstatements.

Changes in Accounting PoliciesThere have been no material changes in accounting policies.All policies have been applied on bases consistent with those used last year.

The Trust has elected to apply PBE SFRA (NFP) Public Benefit Entity Simple Reporting Accrual (NotForProfit) on the basis that it does not have public accountability and has total annual expenses of not more than $2 million.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.

Accounts receivableAre recorded at expected realisable value, after writing off all debts considered unrecoverable.

Goods and Services TaxThe Trust is registered for GST and the financial statements have been prepared on a GST exclusive basis with the exception of receivables and payables which are recorded inclusive of GST.

TaxationThe Trust is exempt from income tax under s. CW 41 and s. CW 42 Income Tax Act 2007 as a Trust established and maintained exclusively for charitable purposes. The Trust was registered as a Charitable entity for the entire financial year.

Tier 2 PBE Accounting Standards Applied (if any):The Trustees have not adopted any Tier 2 PBE Accounting Standards in the preparation of these financialstatements.

Changes in Accounting PoliciesThere have been no material changes in accounting policies.All policies have been applied on bases consistent with those used last year.

Annual Report 2018 11

Notes to the Financial StatementsFor the year ended 30 June 2018

Revenue item AnalysisDonations & other similar revenue Donation from TTPT 388,000 347,000

Operational grant TROTAK 10,000

388,000 357,000Revenue from providing goods or Mowing 640 1,920services Recoveries 757

Grants for services 39,000 30,044Fee re Navigations 3,273

39,640 35,994Interest & dividends Interest income 14 172

14 172

Expense item AnalysisVolunteer, employee & contractor Salaries & wages 139,532 153,493related costs Kiwisaver contributions 4,036 4,271

Contract labour 4,159 1,700ACC 954 435Other direct HR costs 251

148,681 160,150Costs related to providing goods or Catering, groceries & hui venue 986 8,345services Travel 8,397 3,702

Vehicle 4,786 7,585Property maintenance 1,139 6,604Other admin. & overheads 6,582 6,906

21,890 33,142Grants & donations made Koha 101

Distributions to marae 150,000

150,101

Other expenses Accountancy fees 5,874 5,400Administration TTPT 120,156 110,448Audit 3,650 3,550Project capital works (342)

129,680 119,056

The Trust has elected to apply PBE SFRA (NFP) Public Benefit Entity Simple Reporting Accrual (NotForProfit) on the basis that it does not have public accountability and has total annual expenses of not more than $2 million.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.

Accounts receivableAre recorded at expected realisable value, after writing off all debts considered unrecoverable.

Goods and Services TaxThe Trust is registered for GST and the financial statements have been prepared on a GST exclusive basis with the exception of receivables and payables which are recorded inclusive of GST.

TaxationThe Trust is exempt from income tax under s. CW 41 and s. CW 42 Income Tax Act 2007 as a Trust established and maintained exclusively for charitable purposes. The Trust was registered as a Charitable entity for the entire financial year.

Tier 2 PBE Accounting Standards Applied (if any):The Trustees have not adopted any Tier 2 PBE Accounting Standards in the preparation of these financialstatements.

Changes in Accounting PoliciesThere have been no material changes in accounting policies.All policies have been applied on bases consistent with those used last year.

NGĀI TĀMANUHIRI WHĀNUI TRUST 12

Notes to the Financial StatementsFor the year ended 30 June 2018

The Trust has elected to apply PBE SFRA (NFP) Public Benefit Entity Simple Reporting Accrual (NotForProfit) on the basis that it does not have public accountability and has total annual expenses of not more than $2 million.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.

Accounts receivableAre recorded at expected realisable value, after writing off all debts considered unrecoverable.

Goods and Services TaxThe Trust is registered for GST and the financial statements have been prepared on a GST exclusive basis with the exception of receivables and payables which are recorded inclusive of GST.

TaxationThe Trust is exempt from income tax under s. CW 41 and s. CW 42 Income Tax Act 2007 as a Trust established and maintained exclusively for charitable purposes. The Trust was registered as a Charitable entity for the entire financial year.

Tier 2 PBE Accounting Standards Applied (if any):The Trustees have not adopted any Tier 2 PBE Accounting Standards in the preparation of these financialstatements.

Changes in Accounting PoliciesThere have been no material changes in accounting policies.All policies have been applied on bases consistent with those used last year.

Annual Report 2018 13

Notes to the Financial StatementsFor the year ended 30 June 2018

Community beautification 45,985 44,633Bio diversity 40,326 24,317Social/Education 558 3,418Treaty Settlement Narratives 9,867 (14,898)Muriwai Marae support 1,139 6,604Employment (28,706)

Capital projects

Discontinued

Maungarongo Wharepaku 258Rangiwaho Marae Ablutions & dining room (600)

General From TTPT 388,000 347,000

ASB Current Account 171,913 25,026ASB Business Saver Account 15,610 141,015

Page 12

The Trust has elected to apply PBE SFRA (NFP) Public Benefit Entity Simple Reporting Accrual (NotForProfit) on the basis that it does not have public accountability and has total annual expenses of not more than $2 million.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.

Accounts receivableAre recorded at expected realisable value, after writing off all debts considered unrecoverable.

Goods and Services TaxThe Trust is registered for GST and the financial statements have been prepared on a GST exclusive basis with the exception of receivables and payables which are recorded inclusive of GST.

TaxationThe Trust is exempt from income tax under s. CW 41 and s. CW 42 Income Tax Act 2007 as a Trust established and maintained exclusively for charitable purposes. The Trust was registered as a Charitable entity for the entire financial year.

Tier 2 PBE Accounting Standards Applied (if any):The Trustees have not adopted any Tier 2 PBE Accounting Standards in the preparation of these financialstatements.

Changes in Accounting PoliciesThere have been no material changes in accounting policies.All policies have been applied on bases consistent with those used last year.

NGĀI TĀMANUHIRI WHĀNUI TRUST 14

Notes to the Financial StatementsFor the year ended 30 June 2018

The trustees of NTWT are also the trustees of TTPT having been appointed under

the respective trust deeds through a democratic process.

TTPT has paid NTWT cash donations including for projects during the year of $388,000 [last year: $347,000]

TTPT has charged NTWT for the year a cost recovery fee of $120,156 (plus GST) [last year: $110,448 ] as an estimate of the Trust's share of costs incurred by TTPT for both Trusts such as management and accounting services.Costs incurred by TTPT that were able to be identified as being specifically for the Trust have been oncharged to the Trust at cost.

As at balance date NTWT owed TTPT $492,664 [last year $497,044] on current account.No interest is charged on the current account.Also owed to TTPT at balance date were unpaid invoices of $15,435 including GST[2017: $13,802]

Opening balance 497,044 497,044Repayments (4,380)

Wages 38,304 37,113Kiwisaver contributions 1,073 1,053Maintenance & equipment hire 1,436 735Vehicle running 4,786 6,493Other 1,026 1,159

46,625 46,553Mowing services 640 1,920

Total income 640 1,920

45,985 44,633

Page 13

The Trust has elected to apply PBE SFRA (NFP) Public Benefit Entity Simple Reporting Accrual (NotForProfit) on the basis that it does not have public accountability and has total annual expenses of not more than $2 million.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.

Accounts receivableAre recorded at expected realisable value, after writing off all debts considered unrecoverable.

Goods and Services TaxThe Trust is registered for GST and the financial statements have been prepared on a GST exclusive basis with the exception of receivables and payables which are recorded inclusive of GST.

TaxationThe Trust is exempt from income tax under s. CW 41 and s. CW 42 Income Tax Act 2007 as a Trust established and maintained exclusively for charitable purposes. The Trust was registered as a Charitable entity for the entire financial year.

Tier 2 PBE Accounting Standards Applied (if any):The Trustees have not adopted any Tier 2 PBE Accounting Standards in the preparation of these financialstatements.

Changes in Accounting PoliciesThere have been no material changes in accounting policies.All policies have been applied on bases consistent with those used last year.

Annual Report 2018 15

Notes to the Financial StatementsFor the year ended 30 June 2018

Wages 36,870 34,817Kiwisaver contributions 1,082 998Plants & Planting Other 2,374 2,302

40,326 38,117DOC grant Training NT Iwi Ranger 8,695DOC grant ADV 523 Strategic plan 4,348MPI grant EC Erosion Control ENCT grant Te Kopua planting Sales 757

13,800

40,326 24,317

Catering, groceries & venue 558 3,176Other 242

558 3,418Sales Hunga Pakeke Koha

558 3,418

Page 14

The Trust has elected to apply PBE SFRA (NFP) Public Benefit Entity Simple Reporting Accrual (NotForProfit) on the basis that it does not have public accountability and has total annual expenses of not more than $2 million.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.

Accounts receivableAre recorded at expected realisable value, after writing off all debts considered unrecoverable.

Goods and Services TaxThe Trust is registered for GST and the financial statements have been prepared on a GST exclusive basis with the exception of receivables and payables which are recorded inclusive of GST.

TaxationThe Trust is exempt from income tax under s. CW 41 and s. CW 42 Income Tax Act 2007 as a Trust established and maintained exclusively for charitable purposes. The Trust was registered as a Charitable entity for the entire financial year.

Tier 2 PBE Accounting Standards Applied (if any):The Trustees have not adopted any Tier 2 PBE Accounting Standards in the preparation of these financialstatements.

Changes in Accounting PoliciesThere have been no material changes in accounting policies.All policies have been applied on bases consistent with those used last year.

NGĀI TĀMANUHIRI WHĀNUI TRUST 16

Notes to the Financial StatementsFor the year ended 30 June 2018

Contractors 3,340Travel 6,043Other 484 2,102

9,867 2,102Contract fee Min. of Culture & Heritage 17,000

17,000

9,867 (14,898)

Advertising Property repairs 1,139 2,172

Wages re maintenance 4,432

1,139 6,604

Contractors 819 Other 475

1,294 Te Puni Kokiri Investment Agreement 30,000

30,000

(28,706)

Page 15

The Trust has elected to apply PBE SFRA (NFP) Public Benefit Entity Simple Reporting Accrual (NotForProfit) on the basis that it does not have public accountability and has total annual expenses of not more than $2 million.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.

Accounts receivableAre recorded at expected realisable value, after writing off all debts considered unrecoverable.

Goods and Services TaxThe Trust is registered for GST and the financial statements have been prepared on a GST exclusive basis with the exception of receivables and payables which are recorded inclusive of GST.

TaxationThe Trust is exempt from income tax under s. CW 41 and s. CW 42 Income Tax Act 2007 as a Trust established and maintained exclusively for charitable purposes. The Trust was registered as a Charitable entity for the entire financial year.

Tier 2 PBE Accounting Standards Applied (if any):The Trustees have not adopted any Tier 2 PBE Accounting Standards in the preparation of these financialstatements.

Changes in Accounting PoliciesThere have been no material changes in accounting policies.All policies have been applied on bases consistent with those used last year.

Annual Report 2018 17

Notes to the Financial StatementsFor the year ended 30 June 2018

Expenditure (340)Income

(340)

Total gross expenditure on projects 99,809 96,454Total gross income derived from projects 30,640 32,720

Opening balance (506,131) 5,253 (500,878)Surplus/(Deficit) 127,403 127,403

(378,728) 5,253 (373,475)

Opening balance (436,847) 5,253 (431,594)Surplus/(Deficit) (69,284) (69,284)

(506,131) 5,253 (500,878)

Scholarship fund 5,253 5,253

The Trust has no material capital commitments as at balance date. [2017: $nil]

There were no contingent assets or liabilities at balance date. [2017: $nil]

Post balance date TTPT has established a new charitable trust as a trust entity to take over thecharitable works that benefit of Tāmanuhiri. It is proposed that in due course NTWT be wound up with Iwi approval. NTWT's assets and liabilities [excluding any liability remaining on the Current account with TTPT] including contracts and employees are to transfer to the new trust seamlessly once the new trust has approved charity status. Any remaining liability owed by NTWT to TTPT onthe wind up of NTWT will be dealt with consistent with TTPT's letter of support to NTWT.With the exception of the above event, since the end of the financial year, the Trustees are not aware of any other matter or circumstance not otherwise dealt with in this report or the Financial Statements, that has significantly or may significantly affect the operations of the Trust, the results of those operations or the state of affairs of the Trust in subsequent years.

Page 16

NGĀI TĀMANUHIRI WHĀNUI TRUST 18

17

INDEPENDENT AUDITOR’S REPORT

To the Trustees of Ngāi Tāmanuhiri Whānui Trust

Report on the Audit of the Performance Report Opinion We have audited the performance report of Ngāi Tāmanuhiri Whānui Trust on pages 2 to 16 which comprises the Entity Information, Statement of Service Performance, Statement of Financial Performance, Statement of Cash Flows for the year ended 30 June 2018, Statement of Financial Position as at 30 June 2018, and Statement of Accounting Policies and Notes to the Performance Report. In our opinion:

(a) the reported outcomes and outputs, and quantification of the outputs to the extent practicable, in the Statement of Service Performance are suitable;

(b) the performance report on pages 2 to 16 presents fairly, in all material respects: the entity information for the year then ended; the service performance for the year then ended; and the financial position of Ngāi Tāmanuhiri Whānui Trust as at 30 June 2018, and its

financial performance, and cash flows for the year then ended, in accordance with Public Benefit Entity Simple Format Reporting – Accrual (NotForProfit) issued by the New Zealand Accounting Standards Board.

Basis for Opinion We conducted our audit of the Statement of Financial Performance, Statement of Financial Position, Statement of Cash Flows, Statement of Accounting Policies and Notes to the Performance Report in accordance with International Standards on Auditing (New Zealand) (ISAs (NZ)), and the audit of the Entity Information and Statement of Service Performance in accordance with the International Standard on Assurance Engagements (New Zealand) ISAE (NZ) 3000 (Revised). Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the Performance Report section of our report. We are independent of Ngāi Tāmanuhiri Whānui Trust in accordance with Professional and Ethical Standard 1 (Revised) Code of Ethics for Assurance Practitioners issued by the New Zealand Auditing and Assurance Standards Board, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Other than in our capacity as auditor, we have no relationship with, or interests in, Ngāi Tāmanuhiri Whānui Trust. Material Uncertainty Related to Going Concern We draw attention to Note 14 of the financial statements, which describes that the trust may be wound up in due course, with Iwi approval. In this respect alone, a material uncertainty exists with regards to the trust’s status as a going concern. Our opinion is not modified in respect of this matter.

17

INDEPENDENT AUDITOR’S REPORT

To the Trustees of Ngāi Tāmanuhiri Whānui Trust

Report on the Audit of the Performance Report Opinion We have audited the performance report of Ngāi Tāmanuhiri Whānui Trust on pages 2 to 16 which comprises the Entity Information, Statement of Service Performance, Statement of Financial Performance, Statement of Cash Flows for the year ended 30 June 2018, Statement of Financial Position as at 30 June 2018, and Statement of Accounting Policies and Notes to the Performance Report. In our opinion:

(a) the reported outcomes and outputs, and quantification of the outputs to the extent practicable, in the Statement of Service Performance are suitable;

(b) the performance report on pages 2 to 16 presents fairly, in all material respects: the entity information for the year then ended; the service performance for the year then ended; and the financial position of Ngāi Tāmanuhiri Whānui Trust as at 30 June 2018, and its

financial performance, and cash flows for the year then ended, in accordance with Public Benefit Entity Simple Format Reporting – Accrual (NotForProfit) issued by the New Zealand Accounting Standards Board.

Basis for Opinion We conducted our audit of the Statement of Financial Performance, Statement of Financial Position, Statement of Cash Flows, Statement of Accounting Policies and Notes to the Performance Report in accordance with International Standards on Auditing (New Zealand) (ISAs (NZ)), and the audit of the Entity Information and Statement of Service Performance in accordance with the International Standard on Assurance Engagements (New Zealand) ISAE (NZ) 3000 (Revised). Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the Performance Report section of our report. We are independent of Ngāi Tāmanuhiri Whānui Trust in accordance with Professional and Ethical Standard 1 (Revised) Code of Ethics for Assurance Practitioners issued by the New Zealand Auditing and Assurance Standards Board, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Other than in our capacity as auditor, we have no relationship with, or interests in, Ngāi Tāmanuhiri Whānui Trust. Material Uncertainty Related to Going Concern We draw attention to Note 14 of the financial statements, which describes that the trust may be wound up in due course, with Iwi approval. In this respect alone, a material uncertainty exists with regards to the trust’s status as a going concern. Our opinion is not modified in respect of this matter.

17

INDEPENDENT AUDITOR’S REPORT

To the Trustees of Ngāi Tāmanuhiri Whānui Trust

Report on the Audit of the Performance Report Opinion We have audited the performance report of Ngāi Tāmanuhiri Whānui Trust on pages 2 to 16 which comprises the Entity Information, Statement of Service Performance, Statement of Financial Performance, Statement of Cash Flows for the year ended 30 June 2018, Statement of Financial Position as at 30 June 2018, and Statement of Accounting Policies and Notes to the Performance Report. In our opinion:

(a) the reported outcomes and outputs, and quantification of the outputs to the extent practicable, in the Statement of Service Performance are suitable;

(b) the performance report on pages 2 to 16 presents fairly, in all material respects: the entity information for the year then ended; the service performance for the year then ended; and the financial position of Ngāi Tāmanuhiri Whānui Trust as at 30 June 2018, and its

financial performance, and cash flows for the year then ended, in accordance with Public Benefit Entity Simple Format Reporting – Accrual (NotForProfit) issued by the New Zealand Accounting Standards Board.

Basis for Opinion We conducted our audit of the Statement of Financial Performance, Statement of Financial Position, Statement of Cash Flows, Statement of Accounting Policies and Notes to the Performance Report in accordance with International Standards on Auditing (New Zealand) (ISAs (NZ)), and the audit of the Entity Information and Statement of Service Performance in accordance with the International Standard on Assurance Engagements (New Zealand) ISAE (NZ) 3000 (Revised). Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the Performance Report section of our report. We are independent of Ngāi Tāmanuhiri Whānui Trust in accordance with Professional and Ethical Standard 1 (Revised) Code of Ethics for Assurance Practitioners issued by the New Zealand Auditing and Assurance Standards Board, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Other than in our capacity as auditor, we have no relationship with, or interests in, Ngāi Tāmanuhiri Whānui Trust. Material Uncertainty Related to Going Concern We draw attention to Note 14 of the financial statements, which describes that the trust may be wound up in due course, with Iwi approval. In this respect alone, a material uncertainty exists with regards to the trust’s status as a going concern. Our opinion is not modified in respect of this matter.

Annual Report 2018 19

17i

Responsibility of the Trustees for the Performance Report The trustees are responsible 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 on behalf of the entity 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 (NotForProfit) issued in New Zealand by the New Zealand Accounting Standards Board, and

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

In preparing the performance report, the trustees are responsible on behalf of Ngāi Tāmanuhiri Whānui Trust for assessing the trust’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the trust or to cease operations, or have no realistic alternative but to do so. Auditor’s Responsibility for the Audit of the Performance Report Our objectives are to obtain reasonable assurance about whether the performance report as a whole is free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (NZ) and ISAE (NZ) 3000 (Revised) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of the performance report. As part of an audit in accordance with ISAs (NZ) and ISAE (NZ) 3000 (Revised), we exercise professional judgement and maintain professional scepticism throughout the audit. We also:

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

Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control.

Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management.

Conclude on the appropriateness of the use of the going concern basis of accounting by the trustees and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the trust’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the performance report or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the trust to cease to continue as a going concern.

17

INDEPENDENT AUDITOR’S REPORT

To the Trustees of Ngāi Tāmanuhiri Whānui Trust

Report on the Audit of the Performance Report Opinion We have audited the performance report of Ngāi Tāmanuhiri Whānui Trust on pages 2 to 16 which comprises the Entity Information, Statement of Service Performance, Statement of Financial Performance, Statement of Cash Flows for the year ended 30 June 2018, Statement of Financial Position as at 30 June 2018, and Statement of Accounting Policies and Notes to the Performance Report. In our opinion:

(a) the reported outcomes and outputs, and quantification of the outputs to the extent practicable, in the Statement of Service Performance are suitable;

(b) the performance report on pages 2 to 16 presents fairly, in all material respects: the entity information for the year then ended; the service performance for the year then ended; and the financial position of Ngāi Tāmanuhiri Whānui Trust as at 30 June 2018, and its

financial performance, and cash flows for the year then ended, in accordance with Public Benefit Entity Simple Format Reporting – Accrual (NotForProfit) issued by the New Zealand Accounting Standards Board.

Basis for Opinion We conducted our audit of the Statement of Financial Performance, Statement of Financial Position, Statement of Cash Flows, Statement of Accounting Policies and Notes to the Performance Report in accordance with International Standards on Auditing (New Zealand) (ISAs (NZ)), and the audit of the Entity Information and Statement of Service Performance in accordance with the International Standard on Assurance Engagements (New Zealand) ISAE (NZ) 3000 (Revised). Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the Performance Report section of our report. We are independent of Ngāi Tāmanuhiri Whānui Trust in accordance with Professional and Ethical Standard 1 (Revised) Code of Ethics for Assurance Practitioners issued by the New Zealand Auditing and Assurance Standards Board, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Other than in our capacity as auditor, we have no relationship with, or interests in, Ngāi Tāmanuhiri Whānui Trust. Material Uncertainty Related to Going Concern We draw attention to Note 14 of the financial statements, which describes that the trust may be wound up in due course, with Iwi approval. In this respect alone, a material uncertainty exists with regards to the trust’s status as a going concern. Our opinion is not modified in respect of this matter.

NGĀI TĀMANUHIRI WHĀNUI TRUST 20

17ii

Evaluate the overall presentation, structure and content of the performance report, including the disclosures, and whether the performance report represents the underlying transactions and events in a manner that achieves fair presentation.

Perform procedures to obtain evidence about and evaluate whether the reported outcomes and outputs, and quantification of the outputs to the extent practicable, are relevant, reliable, comparable and understandable.

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

13 October 2018 Coates Associates Ltd 300 Childers Road Gisborne

17ii

Evaluate the overall presentation, structure and content of the performance report, including the disclosures, and whether the performance report represents the underlying transactions and events in a manner that achieves fair presentation.

Perform procedures to obtain evidence about and evaluate whether the reported outcomes and outputs, and quantification of the outputs to the extent practicable, are relevant, reliable, comparable and understandable.

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

13 October 2018 Coates Associates Ltd 300 Childers Road Gisborne

Annual Report 2018 21

NGĀI TĀMANUHIRI WHĀNUI TRUST 22

Tāmanuhiri Tūtū Poroporo TrustP.O Box 746 299A Gladstone Road Gisborne Tel: 06 863 3560 Email: trust@tamanuhiri.iwi.nz

www.tamanuhiri.iwi.nz