2009 annual report royal forest and bird protecton society

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  • 8/8/2019 2009 Annual Report Royal Forest and Bird Protecton Society

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    RepoRt to membeRs(For the year ended 28 February 2009)

    FOREST BIRD&A N N U A L R E P O R T

    2009

    Don Merton

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    Effective pest controlA key actor in the success o all o these partnerships is the

    use o eective control o the many introduced pests which

    are the major threat to our orests and other native habitats

    and our native wildlie. Our continued advocacy o eective

    pest control has been crucial in keeping many o our most

    vulnerable species alive.

    In April we welcomed the decision by a ministerial panel on

    which Forest & Bird was represented to support eective

    means o controlling deer, thar, chamois and pigs in the wild.

    The panels recommendations are important ocial recognition

    that conservation must remain a priority in managing these

    pest species.

    We were also extremely pleased to learn that Government-

    unded pest control was implemented in direct response

    to Forest & Birds campaigns in critical areas including the

    Kaimai Ranges and Waitutu Forest.

    Forest & Birds own nationwide network o volunteers is activeon the rontline o pest control around New Zealand. Our

    inaugural Pestbusters Award which was awarded to the South

    Taranaki Branch recognised their tremendous commitment

    in ghting the battle against pests.

    PartnershipsOten in conservation, we cant do everything on our own,

    and partnerships are absolutely critical to achieving the gains

    we so urgently need to make in conservation. The past year

    saw Forest & Bird orge and renew a number o successul

    partnerships to protect and enhance our native wildlie.In December we signed up, with Rio Tinto Alcan NZ and

    the Department o Conservation, to a renewed partnership

    programme to support eorts to help the kakapo. The

    partnership supports the work o the Kakapo Recovery Group

    in protecting the critically endangered kakapo, o which just

    91 birds remain. At the time o writing, recovery group workers

    were expecting bumper breeding season which would lit

    the kakapo population above 100 or the rst time in many

    decades.

    On World Environment Day in June we launched a partnership

    with online auction site Trademe, in which people buying orselling items on the site can donate to Forest & Birds Kiwis or

    Kiwi campaign. So ar more than 13,000 people have made a

    contribution.

    BNZ Save the Kiwi Trust, supported by Forest & Bird, celebrated

    the hatching o the 1000th kiwi chick under its Operation Nest

    Egg programme. We can be proud to be part o this eort to

    restore populations o our national icon.

    Another species making a welcome comeback, with the help

    o a recovery group in which Forest & Bird is involved, is thekokako. Thanks largely to the eorts o the Kokako Recovery

    Group, kokako numbers are well ahead o the groups target o

    1000 pairs by 2013.

    Ark in the Park a joint project by Forest & Bird and Auckland

    Regional Council may soon bring back the kokakos haunting

    call to the Waitakere Ranges. Following the successul

    reintroduction o hihi or stitchbirds to the Ark, where they are

    now thriving and breeding, we hope to also relocate kokako to

    the ranges this winter.

    Our international partnerships, particularly our role as BirdLie

    partner in New Zealand, mean that our work in New Zealand is

    part o global conservation eorts a vital actor given that many

    o the environmental challenges aect us all around the world.

    DOC

    DonMerton

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    FreshwaterFreshwater also became a major ocus

    or Forest & Bird during the year. Our

    review, with Fish & Game, o the Clean

    Streams Accord highlighted concerns

    about the impact o agriculture onour rivers and lakes, and we continue

    to lobby or improved environmental

    perormance rom the sector.

    Forest & Bird was among those who

    opposed a hydro dam proposal which

    would have a severely detrimental

    impact on the Mokihinui River on the

    West Coast and the surrounding beech

    orest the proposal by Meridian is still

    under consideration but we are hopeul

    that the conservation values o the

    Mokihinui and other rivers will not be

    destroyed by allowing environmentally

    damaging schemes to go ahead.

    Marine protectionO course the conservation challenges do not stop at the

    shoreline, and Forest & Bird was just as active in advocating or

    better protection o the marine environment as it was on land.

    Forest & Bird welcomed the introduction o measures or which

    we have long campaigned to protect endangered Hectors and

    Mauis dolphins rom human-induced threats, in particular

    entanglement in set nets. While measures introduced by theFisheries Minister would have come into eect in October,

    legal challenges by the shing industry have delayed their

    implementation in some areas. We hope their action will prove

    to be only a short delay in seeing these important measures

    introduced to protect these unique marine mammals.

    The year saw considerable progress in achieving better

    protection or seabirds. Our involvement in developing a new

    National Plan o Action on seabirds (which will be nalised

    soon) will achieve measures to signicantly reduce by-catch

    deaths o seabirds. Work has also progressed towards

    nominating Important Bird Areas that will give international

    status to New Zealand marine areas and the seabirds that are

    ound in them.

    Our Places or Penguins project is also making good progress

    in establishing better protection and habitat restoration or little

    blue penguins. One very special penguin, Koro, ound washed

    up on a Wellington beach in very poor health, was adopted

    by Forest & Bird, nursed back to health, and eventually

    released back into the wild. We hope Places or Penguins will

    ensure that all little blue penguins will have the best chance o

    survival.

    In August recreational shers, leading ood writers and ches,

    and thousands o New Zealanders supported Forest & BirdsShark pledge against shark nning. The Government has

    not acted to ban this unsustainable practice, but we remain

    committed to achieving this goal.

    The opening o Taputeranga Marine Reserve o Wellingtons

    south coast campaigned or by Forest & Bird or 17 years

    was cause or celebration. Establishment o marine reserveswill be an increasingly high-prole campaign or Forest & Bird

    in the coming year as we push or 30% o our marine area to

    be protected by 2020.

    MinistryofFisheries

    Chris

    Todd

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    Political changeThe general election in 2008 was a key opportunity

    or Forest & Bird to engage in the political process

    and ensure that conservation was a key electionissue. Our Envirovote political orums ensured that

    conservation had a high prole in the campaign,

    and our Envirovote election guide helped voters

    make an inormed choice on green issues.

    Following the election we have given post-election

    briengs to new ministers and will continue to

    engage and challenge the new government and all

    political parties on conservation matters.

    High countryIn the South Island high country Forest & Birds campaign or a

    network o conservation and recreation parks took a signicant

    step orward with the Government purchase o St James Station

    in Canterbury. We are now working with the aim o securingpermanent protection o this property, potentially as part o a

    uture national park. With 10 new high country parks created

    in the last 10 years, our high country parks campaign has been

    a considerable success.

    Climate changeNew Zealands role in reducing emissions that contribute

    to climate change has been a major challenge or Forest &

    Bird this year. We made submissions on the Governments

    Emissions Trading Scheme, with a particular emphasis onensuring that any Government measures to deal with climate

    change recognise the contribution o native vegetation in

    carbon storing.

    SophieHuber

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    Communicating conservationA major new development in bringing Forest & Birds

    work to the public is the creation o our beautiul new

    website, which is proving a success in educating and

    inspiring people about conservation and how they

    can help Forest & Birds work. Already the number

    o people visiting our website, joining and donating on

    line has increased signicantly since the website was

    launched in October.

    In tandem with the new website we have introduced

    improvements to Forest & Birdmagazine, and this year

    will see the size and quality o the magazine increased.

    Our reader survey in May ound that 9 out o 10

    readers rate the magazine as excellent (54%) or very

    good (36%) but we can always do better our editorial

    content this year will refect the wishes o readers to see

    more world-class articles and photographs eaturing

    our amazing wildlie.

    The next generationThe Kiwi Conservation Club celebrated its 20th birthday this year

    and continues to excite and educate children about the natural

    world. The KCC website and magazine will also be receiving a

    make-over this year to build on their excellent work o the

    last two decades.

    Your supportOur appeals this year met an extremely positive response, with

    a total o more than $222,000 donated to the reshwater and

    dawn chorus appeals well up on the previous years donations

    to appeals o $138,000. The generosity o donors will allow

    us to carry out vital conservation work so we are enormously

    grateul or their support.

    The Sustain regular giving programme, launched in 2007,

    continued to grow in 2008, with more than 300 Sustain

    members now contributing around $100,000 a year. This

    ongoing support means we can plan ahead with condence on

    long-term projects.The establishment o Forest & Birds Endowment Fund,

    established this year with a $1 million donation rom a generous

    beneactor, will also be o enormous benet to the long-term

    nancial security o our organisation.

    Membership numbers remain healthy, with 1000 new Forest &

    Bird members and 1000 new Kiwi Conservation Club members

    joining during the year. Overall membership numbers remain

    steady, which is an encouraging result o eorts to ensure that

    Forest & Bird is an organisation that is attractive and relevant to

    New Zealanders rom a variety o backgrounds and age groups.

    Out there and activeForest & Bird events around the country ensured our

    organisation maintains a high prole in the community events

    such as Seaweek, Race or Our River, Reel Earth Film Festival,

    Parihaka, Conservation Week were attended by thousands oNew Zealanders. Our Bird o the Year annual poll this year

    received a record number o votes, with the kakapo emerging

    as New Zealands avourite bird.

    Our own Forest & Bird AGM, and our North and South Island

    gatherings, ound our members in good heart, with considerable

    enthusiasm among delegates to bring renewed commitment to

    the conservation cause.

    Our branches around the country demonstrated renewed vigour,

    working on an enormous variety o fax roots projects, rom

    restoration, planting and pest control to making submissions

    and educating their communities on conservation issues.Without the tremendous eort by our volunteers right around

    New Zealand, and the contribution made by every one o Forest

    & Birds members, we would not be able to carry out our crucial

    conservation work. I thank all o you or your generous support

    which has allowed us to achieve so many successes this year.

    While there are many conservation challenges still ahead,

    our track record o achievement over the last year leaves me

    condent that Forest & Bird is uniquely

    well-equipped to meet those challenges.

    Peter Maddison

    National

    President

    DontsayOooOooh!sayWoW!Kiwi Conservation Club turns 20

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    RoYAL FoRest & bIRD pRoteCtIoN soCIetYsan Financial prranc r h yar ndd 28 Fruary 2009

    Gru Nainal ofcNote 2009 2009 2008

    Inc $ $ $Subscriptions

    - Forest & Bird 540,358 540,358 550,195

    - Kiwi Conservation Club 75,149 75,149 74,515

    Sustain Membership 86,344 86,344 15,027

    General Donations 12 351,327 302,492 266,378

    Appeals 191,459 191,459 122,860

    Grants 13 784,271 541,196 406,229

    Other Operating Income 290,467 19,027 16,209

    Bequests 5 900,321 804,239 269,166

    totAL opeRAtING INCome 3,219,696 2,560,264 1,720,579

    exndiur 14Terrestrial Biodiversity 778,949 778,949 602,252

    Freshwater 189,457 189,457 141,754

    Marine 184,234 184,234 243,909

    Communications &Promotions 696,487 635,774 439,032

    Membership & Fundraising 508,618 508,232 338,203

    Branch Support 275,953 305,732 259,352

    Governance 221,317 136,387 189,083

    Education 194,026 176,831 156,164

    Properties (2,635) (16,490) 2,238

    Planning and Reporting 65,824 61,399 55,417

    Branch Project Expenditure 546,853

    Other Branch Operation Expenditure 211,651

    totAL opeRAtING eXpeNDItURe 3,870,734 2,960,505 2,427,404

    Operating Decit or the year 18 (651,038) (400,241) (706,825)

    ohr IncInterest Received 533,576 258,111 245,656Sale o Assets 427,770 427,770

    totAL otHeR INCome 961,346 685,881 245,656

    ohr exndiurLoss on Sale o Shares 32,965

    Gross Surplus/(Decit) beoretranser to reserves 277,343 285,640 (461,169)

    Less Transer to Reserves (427,770) (427,770)

    Decit or the year ended28 February 2009 (150,427) (142,130) (461,169)

    san mvn in mr Fund rh yar ndd 28 Fruary 2009

    N Gru Nainal ofc2009 2009 2008

    $ $ $Opening Balance 2,886,336 2,886,336 3,347,505Initial Recognition o Branches 4 3,756,467

    Restated Opening Balanceater initial recognition o Branches 6,642,803 2,886,336 3,347,505

    Plus Surplus / (Decit) or year 277,343 285,640 (461,169)Transer to Reserves (427,770) (427,770)

    6,492,376 2,744,206 2,886,336

    MOVEMENT IN RESERVESRuapehu Replacement Reserve 427,770 427,770

    Closing Balance 6,920,146 3,171,976 2,886,336

    stAtemeNt oF FINANCIAL posItIoN As At 29 FebRUARY 2008

    N Gru Nainal ofc2009 2009 2008

    $ $ $mr Fund

    Opening Balance 6,642,803 2,886,336 3,347,505Surplus / (Decit) 277,343 285,640 (461,169)

    Closing Balance 6,920,146 3,171,976 2,886,336Current Liabilities

    Accounts Payable 6 353,519 324,951 297,183Income Received in Advance 7 369,071 369,071 335,424Deerred Income 8 842,741 333,646 364,640

    Other Liabilities 1,565,331 1,027,668 997,247Restricted Funds 11 154,366 1,113,816 1,164,789

    totAL membeRs FUNDs & LIAbILItIes 8,639,843 5,313,460 5,048,373

    Currn ACash 408,524 176,779 102,822Deposits (On Call) 302,079 7,315 212,576Deposits (Fixed Term) 6,270,820 2,844,121 3,108,403Accounts Receivable 9 770,957 736,600 98,678

    Inventory 7,471 7,035 13,912

    7,759,851 3,771,849 3,536,392Invn

    Shares and Other Securities 54,775 24,775 24,775Fixed Assets 10 670,851 403,019 322,416Other AssetsRestricted Funds 11 154,366 1,113,816 1,164,789

    totAL Assets 8,639,843 5,313,460 5,048,373

    G BellamyTreasurerFor and on behal o the Executive

    1. saury ba

    The nancial statements relate to the activities o the National Oce, Auckland, Rotorua,Christchurch, Dunedin and Nelson Field Oces and Branches. These nancial statements

    have been prepared in accordance with the Incorporated Societies Act 1908, Charitable

    Trusts Act 2005 and the Financial Reporting Act 1993.

    2. maurn ba

    (i) The measurement base adopted is that o historical cost.

    (ii) Revenue earned and the expenses incurred are matched using accrual accounting

    concepts.

    (iii) Reliance is placed on the act that the Society is a going concern.

    3. san Accuning plici

    The ollowing accounting policies are recognised as appropriate and have been adopted

    in the preparation o the nancial statements:

    Fixd A: Fixed Assets are shown at cost less depreciation charged at the ollowing

    rates over their estimated useul lives as stated:

    Oce Buildings Straight Line 10-100 yearsLodge Buildings Straight Line 40 yearsFurniture and Fittings Straight Line 5-10 yearsMotor Vehicles Straight Line 5 yearsOce Equipment Straight Line 5 years

    Invnry: Inventory has been valued at the lower o cost or estimated net realisable value.

    Accun Rcival: Accounts Receivable are recorded at estimated realisable value.

    Invn: Investments have been recorded at cost.

    shar and ohr scurii: Shares have been valued at cost or at market value on the

    date o receipt o bequest.

    Gid Land: Land which has been bequeathed to the Society or no cost has not been

    recorded in the nancial statements, due to di culties and costs related to valuation

    procedures.

    Gvrnn Gran and Drrd Inc: Revenue rom Government grants is taken up

    in the period that the qualiying expenditure is incurred. Other income is deerred i it can

    be matched to specic uture expenditure with reasonable certainty.

    taxain: As the Society has been granted charitable status by the Inland Revenue

    Department, no taxation has been provided or in the accounts other than amounts

    payable or receivable or Goods and Services Tax.

    Wi Dvln: Website development expenditure is expensed in the year it is

    incurred. This is Executive policy because o the constantly changing nature o this item.

    Gd and srvic tax (Gst): The accounts are prepared on a GST exclusive basis,except or Accounts receivable and accounts payable which are stated GST inclusive

    Dirnial Rring: The Society is a qualiying entity or dierential reporting.

    Accordingly no statement o cash fows is re quired to be prepared. The society has taken

    ull advantage o all available exemptions apart rom GST, the statements are presented

    exclusive o GST

    The attached notes orm part o and are to be read in conjunction with thisStatement o Financial Position

    Notes to tHe ACCoUNts FoR tHe YeAR eNDeD 28 FebRUARY 2009

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    4. Chang in Accuning plici

    All policies have been applied on bases consistent with those used in previous year except

    that the treatment o revenue and income in advance and presentation o the nancial

    statements o Forest & Bird has changed or the nancial year ended 28 February 2009.

    In prior years, revenue earned is matched using accrual accounting concepts with the

    exception o subscriptions which was accounted or on a cash receipts basis, (see note

    7). The Statement o Financial Perormance and the Statement o Financial Position o

    the Society now include the nancial statements o the National Oce and its branches.

    Previously, the Statement o Financial Position and the Statement o Financial Position

    only showed the nancial statements o the National Oce. The net eect o this change

    has been to increase opening member unds by $3,756,467.5. bqu

    Bequests received during 2008/2009 or National Oce were as ollows:

    Davis Trust $2,450; BB Stoker $5,100; BF Marshall $200; CL Turner $500; DE Brain

    $39,060; E Williams $10,000; E Sills $479,233; E Stocker $1,000; FH Adams $6,300;

    HLG Millward $5,000; HF Akast $20,000; HM Traynor $9,488; J McArthur $5,000; LC Bell

    $2,080; LC Doubleday $450; M Williams $27,500; MD Hunt $5,000; MJ Woodrue $500; MI

    Reader $33,860; R Collier $250; S Creswell $1,000; SM Rooney $10,363; W Oldham $905;

    NL Oldham $4,000; NM Aitchinson $5,000; RWG Role $130,000

    Bequests received during 2008/2009 or Branches totalled $96,082

    6. Accun payal

    All accounts are paid as they all due, and all known liabilities or events occurring beore

    balance date have been accrued.

    7. Inc Rcivd in Advanc

    Income received rom members subscriptions to Forest & Bird and Kiwi Conservation Clubis now matched using accrual accounting concepts. Membership ees are paid on an

    annual basis or a 12 month period and spans balance date or some members. In order

    to calculate income received in advance, it is assumed that the 12 month renewal period

    starts rom the month the payment is received. The change in accounting policy has been

    made to comply with the Statement o Concepts or General Purpose Financial Reporting.

    As a result o the change in accounting policy, the nancial statements or the year ended

    29 February 2008 have been restated as ollows:

    Original Restated

    2007/2008 2007/2008 Change

    $ $ $

    Inc

    Subscriptions

    - Forest & Bird 561,850 550,195 11,655

    - Kiwi Conservation Club 64,071 71,515 (7,444)

    mr FundOpening Balance 1 March 2007 3,696,746 3,347,504 349,242

    Surplus/(Decit) or year (474,985) (461,168) (13,817)

    Closing Balance 29 February 2008 3,221,761 2,886,336 335,425

    Lie Membership subscriptions are shown in deerred income and released to

    subscriptions income over teen years.

    8. Drrd Inc

    Drrd Inc Nainal ofc

    This comprises Unspent Grants o $267,845 ($289,415); Lie Membership Provision

    $65,563 ($74,986); Other Income In Advance $238 ($239)

    Drrd Inc branch

    This comprises Unspent Grants o $509,095

    9. Accun Rcival

    National Oce comprised Trade Receivables $15,399 ($24,300); Other Receivables

    $662,748 ($74,378).Branch receivables totalled $35,404.

    10. Fixd A

    All land is stated at cost. No revaluations have been made.

    Book Book

    Cost or Depn Depn Value Value

    Valuation to date 2009 2009 2008

    $ $ $ $ $

    Land 159,415 159,415 159,415

    Buildings 127,910 33,469 12,891 94,441 86,344

    Furniture and Fittings 39,847 34,748 3,129 5,099 8,049

    Oce Equipment 355,126 217,144 34,143 137,982 59,352

    Motor Vehicles 28,444 22,361 3,173 6,083 9,25

    Total National Oce Fixed Assets 710,741 307,722 53,336 403,019 322,416

    Branch Fixed Assets 301,534 33,702 16,675 267,832

    Total Fixed Assets 1,012,275 341,424 70,011 670,851 322,416

    Due to the inherent diculties with the valuation o reserve land, valuations have not

    been sought, or included in these nancial statements.

    11. Rricd Fund

    The National Oce have deposited unds at The National Bank o N.Z. on behal o

    branches and other entities. These unds are administered by National Oce. They are

    not available or use by the National Oce or its general purposes. Total unds invested

    as at 28 February 2009 were $1,115,085 (Balance as at 29/2/08 was $1,164,789).

    Irwin Legacy $64,899 ($62,564); Nelson Branch $30,216 ($25,890); Rotorua Branch

    $135,000 ($135,000); Stewart Island Section $57,705 ($53,901); Sutherland Trust

    $49,505 ($53,039);Tautuku Lodge $143,764 ($140,493); Environmental Deence Fund

    $176,074 ($173,348); Tararua Branch $42,345 ($32,268); J Barrington Bequest $25,395

    ($24,482); Horner Fund $182,133 ($179,451); Fensham Reserve $28,119 ($34,415);

    Manawatu Branch $24,595 ($22,696); Other Funds Totalled $154,336 ($227,242).In the consolidated gures, unds held on behal o Branches has been eliminated to

    leave the other unds held o $154,336

    12. Larg Dnr

    Large Donations received during 2008/2009 or National Oce were as ollows:

    Allen Calendars $1,740; Kaipara Branch $1,000; Waikato Branch $10,000; Napier

    Branch $5,000; Wairarapa Branch $2,000; Lower Hutt Branch $1,000; Wanganui

    Branch $2,000; Upper Hutt Branch $3,000; Taranaki Branch $579; North Canterbury

    $16,250; Dunedin Branch $20,586.13; Central Auckland Branch $5,000; Wellington

    Branch $3,000; Kapiti Branch $1,500; Haseltine Trust $1,000.

    General donations include donations to the Kiwi Conservation Club o $14,325 ($4,027).

    Donations received during 2008/2009 or Branches totalled $120,240.

    13. Gran/ snrhi

    Grants / Sponsorships received during 2008/2009 or National Oce were as ollows:

    National Bank $5,945; Vero Insurance $2,735; Phillips $15,026; Cadbury $25,000;

    Fonterra $1,333; Trade Me $7,337; Flooring Xtra $14,500; Palmerston North City

    Council $1,500; Lotteries Environment & Heritage $30,000; Biounds (DOC)

    $104,001; Zelda Roberts Charitable Trust $3,000; Manakau City Council $6,050;

    ASB Community Trust $6,000; Quaker Peace & Service Trust $5,000; T Gear Trust

    $199,000; Birdlie International $123,355

    Forest and Bird also received $35,000 rom Auckland Regional Council & $35,000 rom

    ASB Community Trust to be used or the Ark in the Park project. During the nancial year

    some Grants were classied as per note 14 and note 11.

    Grants / sponsorships received during 2008/2009 or Branches totalled $243,075.

    14. Inc ing exn

    During the nancial year the ollowing income oset expenses or National Oce:

    2009 2008

    $ $

    Rent 1,156 1,387

    Freshwater 1,425Marine 15,547 55,000

    Terrestrial Biodiversity 111,623 115,604

    Magazine Advertising 59,001 58,199

    Royalties 1,963 15,146

    Marketing/ Promotions 3,596 72,194

    Vanuatu Trip 42,610 49,465

    Cost Recoveries AGM/ Council Meeting 10,597 12,771

    15. Adinird Fund

    National Oce also administers the unds o the Threatened Species Trust Programme and

    the JS Watson Conservation Trust. These unds are not included in the nancial statements

    as the Society is eectively acting as a Trustee.

    16. oraing La Cin

    National Oce commitments under a non-cancellable operating lease: National Oce

    2009 2008

    $ $Less than one year 126,997 140,997One year to two years 120,588 125,582Two years to ve years 133,842 254,003

    380,842 520,582

    Branches no commitments existed under non-cancellable operating leases as at 28

    February 2009.

    17. excuiv Hnrariu

    Honorarium paid to Executive Committee members during the year:

    P Maddison $8,000 ($8,000); A Fenn $1,000 ($1,000); J Ledingham $1,434 ($0); S

    Phillips $0 ($1,000); B Wards $0 ($100)

    18. oraing Dfci r h Yar Group National Oce

    2009 2009 2008

    $ $ $Operating Decit or the year ater deducting: (651,038) (400,241) (706,825)

    Audit Fees National Oce 21,432 21,432 15,869Audit Fees Other Firms 4,425 Honoraria 11,559 10,434 10,100Rent 145,053 145,053 181,295

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    19. Cningn Liailiy

    As at 28 February 2009 there were no contingent liabilities known to the National

    Executive.

    20. Iac Nw Zaland equivaln Inrnainal Financial Rring sandard

    In November 2004 the Accounting Standards Review Board (ASRB) approved the adoption

    o New Zealand equivalents to International Financial Reporting Standards (NZ IFRS). At

    that time, the ASRB announced the adoption o NZ IFRS would be mandatory or reporting

    entities with accounting periods beginning on or ater 1 January 2007. In September

    2007 the ASRB announced that or certain small to medium size entities the mandatory

    adoption o NZ IFRS had been delayed. These entities can continue to apply New Zealand

    Generally Accepted Accounting Principles (NZ GAAP) as prescribed by New Zealand

    Financial Reporting Standards and Statements o Standard Accounting Practice. Royal

    Forest & Bird Protection Society meets the criteria or deerral o NZ IFRS due to not

    being publicly accountable and its size. The accounts have been prepared on a NZ GAAP

    basis, consistent with previous periods. The Ministry o Economic Development (MED) is

    considering the nancial reporting regime or not or prot entities. It is not yet known

    what the outcome o this work will be, nor i there will be any change in NZ IFRS adoption

    requirements.

    L C Bell 450.00

    B B Stoker 5,100.00

    E Sills 479,232.64

    H L G Millward 5,000.00

    M Williams 27,500.00

    D E Brain 39,060.30

    L C Bell 1,630.00

    J McArthur 5,000.00

    F H Adams 6,300.00

    R Collier 250.00

    H M Traynor 9,488.00

    M D Hunt 5,000.00

    Davis Trust 2,450.00

    S Creswell 1,000.00

    Fr & bird acknwldg h llwing rganiain r hir gnru ur

    The Ron Greenwood Environment TrustT-Gear Trust

    Environmental Legal Assistance FundManukau City Council

    Fonterra

    Palmerston North City CouncilMinistry for the Environment

    Quakers Peace and Service TrustHeseltine Trust

    Zelda Roberts Charitable Trust

    W Oldham 905.33

    H F Akast 20,000.00

    E Stocker 1,000.00

    E Williams 10,000.00

    S M Rooney 10,363.18

    M J Woodrue 500.00

    N L Oldham 4,000.00

    N M Aitchinson 5,000.00

    R W G Role 130,000.00

    B F Marshall 200.00

    L C Doubleday 450.00

    C L Turner 500.00

    M I Reader 33,860.00

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