annual report 2015 - hillary outdoors...6 sir edmund hillary outdoors education trust annual report...

ANNUAL REPORT 2015Sir Edmund Hillary Outdoors Education Trust

2 SirEdmundHillaryOutdoorsEducationTrust ANNUAL REPORT 2015 3

• Chair’sIntroduction 4

• ChiefExecutiveReport 6

• Financial Statements 21

-TrustDirectory 22

-AnnualReport 23

-IndependentAuditorsReport 24

- Statement of Financial Performance 25

-StatementofMovementsinTrustCapital 25

-StatementofFinancialPosition 26

-NotestoandformingpartoftheFinancialStatements 27

• OurSponsorsandSupporters 36

CONTENTS

I think it all comes down to motivation. If you really want to do something, you will work hard for it.

“ ”Sir Edmund Hillary


There has been a noticeable shift in 2015 towards more people seeking out

authentic experiences that re-connect them to nature and the sense of real adventure many of us remember from our childhoods. Duringtheyear,wehavehostedandtakenenquiriesfromcorporatesaimingtogettheirstaffawayfromofficedistractionsintoanenvironmentthatfostersmorecreativity;parentslookingforholidayprogrammesfortheirteenagersthatwillhelpthemgrowintoresponsibleyoungadults;andschoolsthatwanttheirstudentstounderstandtheirimpact,bothasindividualsandcollectivelyoneachother,theircommunitiesandtheenvironment.

Bucking the “modern norm” of sedentary, gadget-filled lifestylesSchools(ourmajorclients)areincreasinglyrecognisingthevalueofthenaturallessonsavailableoutdoorsinstarkcontrasttothedependenceontechnologyinoureverydaylives.Recentresearchisshowing,thatnaturehasarestorativeeffectonthebrainandisnecessaryforhumanandsocialresilience.Brainactivitymonitoringhasdemonstratedthatevenshortexposuretonature(2to3days)providessignificantchangesinwellbeing.Inthelightofthisresearch,wenowknowthatourshorter(5day)programmesareprovidingquicklyabsorbedmentalbenefitsforourstudentspurelyfromexposuretothenaturalenvironment.

Ourprogrammesandevents,basedinsomeofNewZealand’smostspectacularsettings,utiliseoutdooractivitiesasatooltoeducateyoungpeopleaboutthemselves,theenvironmentandtheirpotentialinthisworld.Leavingdevicessuchascellphonesandipadsbehind,ourprogrammeparticipantsarementallyandphysicallyabletoworktowardsouraimsofthemdevelopingcareandrespectforself,othersandplace.

Strong growth in our bookingsAcombinationofincreasingdemandforoutdooreducationprogrammes,increasedregulationinthisindustry,aswellasincreasedinterestinprogrammeswithsignificantsocialimpactfrombothcommercialandcharitablefundingpartners,hasplacedusinabetterpositionforfillingandfundingourprogrammes.Thisisevidencedbytheincreaseinprogrammeandeventattendanceasreportedon page20of8%from2014to2015.

Ournewbrandnamelaunchedattheendof2014alongwithWorksaferegistrationasanauthorisedproviderof“AdventureActivities”inan

increasinglyregulatedenvironment,hasfurthersecuredourreputationasaprovideroftopqualityoutdooreducation.Thevaluethatweaddthroughourprogrammesisrecognisedandappreciatedbymostofourclientswhohavechosenusbecausetheyknowthatsomeotheroperatorsmaycutcornersinordertodeliverlowerprices.Clientsparticularlyseekingauthenticexperiencesknowtheygetthe‘realdeal’atHillaryOutdoorswithsomeofthemosthighlyqualifiedandexperiencedinstructorsinNewZealand.

Continuing to strive for a position of financial sustainabilityAsalways,thegreatertheuseofourfacilitiesandresources,thegreatertheneedformaintenance,replacementsandupgrades.Ofcourseallthesethingscomeatacostandfinancialsustainabilitycontinuestobeachallenge.Fortunatelywehavethesupportofsomefantasticpartners,withoutwhomwewouldnotexist,howeverwearecontinuallylookingtoexpandthisnetworkofsupporterstofurthersecureourfuture.Inearly2016,theTrustandManagementwillconductajointstrategicreview,themainfocusofwhichwillbetoidentifyinitiativesthatstrengthenfinancialsustainability.

Ourgoalsfor2016andbeyondremaintohonourthevisionofourfounder,GraemeDingle,andoriginalpatron,SirEdmundHillary,anddeliverqualityoutdooreducationexperiences,especiallybenefitingyouthandthosewhowouldnototherwisebeabletoaffordourprogrammes.WeaimnotonlytointroduceyoungpeopletotheNewZealandoutdoors,buttosowtheseedforchangeandgrowththroughthatintroduction.Wewantpeopletoexploretheirvaluesandconsidervaluesandbehavioursthatareimportantforahealthysociety:valuessuchasperseverance,integrity,andenvironmentalcare.

We appreciate the supportWelookforwardtomanymorepeoplejoiningusonthisjourneyandthankthepeoplewhohavesupportedthisgreatorganisationoverthepastyear,manyofwhomarementionedinthisreport,howeverIwouldparticularlyliketothankGrahamSeatterforhisChiefExecutiveleadership.IwouldalsoliketothankmycolleaguesontheTrustforcontinuingtovolunteertheirtimeanddiverseskillstoHillaryOutdoors.DuringtheyearwefarewelledandthankedWayneHughesforhis10yearsasaTrusteeandwelcomedtwonewTrusteesTonyGaultandRachelDunne.Asalways,specialthankstoourPatrontheRtHonDameJennyShipleyforhercontinuedsupportofourorganisation.

CHAIR’S INTRODUCTION CLIVE TILBY TRUST CHAIR

As well as learning skills, we hope that students finish their course with a greater awareness of the natural

“”Graeme Dingle

environment

“(Hillary Outdoors Centre) location is very important, students need to be away from the city....Experiencing the outdoors, our country is surrounded by large areas of native bush. It’s giving them the opportunity to learn about our environment, how to look after it and not take it for granted ”

T. Pitts-Brown, Sports Coordinator, Otorohanga College


CHIEF EXECUTIVE REPORT GRAHAM SEATTER CHIEF EXECUTIVE

2015 was a year of consolidating on recent progress whilst moving

forward in a number of areas.

The key areas of success were our centres – Tongariro, Great Barrier Island and Events. The quality of the work done by our staff was outstanding as indicated by the incredibly positive responses we received from students and their teachers. Customer satisfaction and retention are key to our future as they allow us to retain bookings from one year to the next, and attract new bookings via positive word-of-mouth – an efficient and effective form of marketing.Asalways,successstartsfromthetopandthemanagementofthecentresbyJanetPrier,GemmaParkinandeventsbyDarrenAshmorehasbeenoutstanding.JanethasdealtwiththecomplexityanddemandsofherroleadmirablyandGemma’sworkbeliedthefactthatshewasinherfirstyearofmanaginganoutdooreducationcentre.Darrenjustkeptforgingaheadwiththehighestqualityeventsprogrammeonoffer!

Verypleasinglyweachievedafifthconsecutiveyearofanimprovedsurplusbeforedepreciationaswemoveforwardfromthe2010nightmaredeficitof$270K.The2015surplusbeforedepreciationof$85Kis,however,onlyamodestimprovementon$79Kfromthepreviousyear,andthatisbeforedepreciation,sowestillhavealongwaytogoinordertoachievethedesiredpositionoflongertermfinancialsustainability.

Perhapsthemostencouragingfactor–albeitsomewhatintangible–wasthemannerinwhichevidenceaccumulatedtoindicatethatwehaverestoredourreputationtoitspastveryhighlevelsaftertheconsiderable

challengesofthelast5-10years.Someexamplesinclude:

STheconsiderablegrowthinbookingsaheadofthe2016year,including–asanexample–twonewschoolsthatcontactedusoutoftheblue,eachtoconfirmbookingsfor120+students;

SContactinitiatedbyTheWarehouseGroupLtd.fora“communitypartnership”tobeestablishedbetweenHillaryOutdoorsandTorpedo7;

SAnoverwhelmingresponsetoenrolforourtertiaryprogramme.Wenotonlyturneddownhighcalibrecandidates,butwehadwaitinglistsforbothCertificateandDiplomacoursesforthefirsttimeinthelast 5+years;

Alloftheaboveandsimilarsuccesseshavehadonethingincommon–theyareasaresultofunpromptedapproachesfromunknownsources.Newbusinesshasbeengeneratedbecauseofthefavourableperceptionofusandourorganisation.

Thefinalelementinthemixisstaffing–andinthatspaceweareexperiencingmoresettledstaffingandlongerstaffretention,bothofwhichareverypositivedevelopments.

Revenue continues to climbThe$85Ksurplusbeforedepreciationwaslargelyachievedthroughexcellentcostcontrolinthecentresastotalexpenditurefortheyearof$3,419Kwas$87Kbelowbudgetand$8Kbelow2014.Ourtotalpeoplecostsof$2,053Kwere$72Kbelowbudgetandtheywere$13Kabove2014,despiteanacross-the-board1%salary/wageincreaseforallstaffduringtheyear(thisprimarilyrelatestomoreeffectiveuse ofstaffing).

Courseincomefortheyearof$2,639Kwasverysimilarto2014($30klower),largelydrivenbythenewKingsCollegelongprogramme.Ourcoreshort-courseschoolprogrammeincomeoverbothcentresgrew

by$45Kwhichisexcellentgiventheongoinggrowthinlong-courseschoolprogrammeincome.

Non-operatingincomeof$865Kwas$27k(3.2%)aheadof2014andthevastmajorityofthatincomewasusedtosupportlowdecilestudentsattendHillaryOutdoors–studentsthatwouldnototherwisehavebeenabletoaffordtoattendourprogrammes.

TheTongariroCentrehadastellaryearandallstaffaretobecongratulatedontheirsuccess.Studentshort-courseincomegrewby$32Kon2014levelsandtheinclusionofrevenuefromthenewKingsCollegelongprogrammemeantthattotalschoolcourseincomegrewfrom$1,525Kin2014to$1,764K,whichisgrowthof16%year-on-year.Furthermore,totalexpenditurefortheyearatTongariroof$1,867Kwas$115K(6%)belowbudget,and$51K(3%)below2014–despiteaverysignificantincreaseinschoolcoursebookings.Theonlynegativeelementwasasignificantdecreaseincontract/corporatebookingsfromtheveryhighlevelof2014,whichmeantthattotalincomefortheCentrewasslightlybelowbothbudgetand2014.ThenetresultfortheCentrewasasurplusof$238K-$27Kbetterthan2014and$58Kaheadofbudget-foralldirectCentrecosts,excludinganycomponentofHeadOfficecostsanddepreciation.

CLOCKWISE FROM LEFT: Kings College participating in a long programme at Hillary Outdoors Tongariro, Canteen visited Tongariro for a programme in 2015 and Flaxmere College got to enjoy some snow on their visit!

0

500,000

1,000,000

1,500,000

2,000,000

2,500,000

3,000,000

3,500,000

4,000,000

2009 2010 2011 2012 2013 2014 2015

Hillary Outdoors Annual Income Trend

Capitalgrants,sponsorshipsandnon-operatingincomeCourse income including supportedbookings


Our partners play a vital roleWecontinuetobeverywellservedbyourpartners.

In2015weestablishedarelationshipwithTorpedo7asa“communitypartner”underthewiderbrandofTheWarehouseGroup.Initiallywereceivedover$8Kasin-storeandon-linedonationscollectedonourbehalfinacampaignthatislikelytoberepeatedthreetimesperyear.Giventhestrongsynergiesbetweenourorganisations,therearemanyotheropportunitiestoexploreaswedevelopourrelationship.

Intermsofsponsorshipwecontinuetobeveryfortunatetohavehadlong-termrelationshipswithGenesisEnergyandChapmanTripp.Genesissupportusinanumberofareas,includingsupportinglowdecileschoolsparticipatinginourprogrammesintheirareasofactivity,sponsoringtheHillaryChallengeeventandprovidingfundingforkayakcourses.ChapmanTrippcontinuetoprovidespecialistadviceandsupportinkeybusinessareas,particularlyinlegalmatters.

CLOCKWISE FROM LEFT: Tongariro Centre Instructors; Gisborne Girls’ High School having kayak safety instruction at Hillary Outdoors GBI; Ruapehu College at the Tongariro Centre; Students sailing on their visit to Great Barrier Island

Fantastic feedback

about our staff • I have learned a great deal about strategies to encourage

teenage girls to take more responsibility for themselves. Watched and attempted to learn from observing some phenomenal teaching in action.

• Our instructor was amazing, she was super supportive of our group throughout the week. Managed the difficult events with a smile and was encouraging and supportive of all the students.

• Our instructor had a very calm and understanding way with the students. He let the students direct and manage the programme and added expert advice when the students needed it. He also taught the students a lot of news skills in the outdoors, leadership and self-management. Some excellent teaching on display this week.

• The quality of teaching was excellent and the instructors we had really showed the ability to be able to get to know the students and encourage the students to participate. They managed the students really well and made sure that they were always safe and felt safe. The activities also progressed really well to help develop their confidence as each day went on. They did a great job!

• A fantastic week! Instructors were great, activities were sufficiently challenging and totally engaging for the students. Plenty of valuable leadership and team building skills as well as personal skills (self-management, discipline, etc.).

• Staff provide an amazing inspiration to the students in the way they interact, planting seeds for a love in a unique environment, providing opportunities for the students to go out of their comfort zone and gain confidence in themselves, life skills in a holistic way!

THANKSTOGENESISENERGY...30studentsfrom RuapehuCollegeattendedTongariroin2015asaresult of their funding

TheGreatBarrierIslandCentrealsohadanexcellentyear.Short-courseschoolincomewasupby$13Kon2014andlong-courseprogrammeincomewasalsoaheadofbothbudgetand2014,meaningthattotalincomeintheCentreof$850Kwas$57Kaheadof2014aswemoveeverclosertohavinga$1mbusinessontheBarrier!In2010totalrevenuewas$440K!Verygoodcostcontrolallowedthecentretoachieveasurplusof$31K–betterthanbothbudgetand2014.

Our biggest asset is our people Wecontinuetobeextremelywell-servedbyourpeople,includingstaff,trusteesandvolunteers.

Thequalityoftheworkofourstaffatthecentresisevidentinthefeedbackwereceivefromteachersaccompanyingschoolgroups.Thisfeedbackisuniversallypositive,andtypicallyextremelypositive.Someexamplesoffeedbackaboutourstaffarebelow...

Ofcourseourinstructorsareatthe“coal-face”andareusuallythefocusofthepositivefeedbackthatisreceived,buttheycanonlydotheirjobwellbecauseeverybodyelseisplayingtheirpartinanequallyprofessional,highqualitymanner.Thisincludesthecentresupportstaffinareassuchasmaintenance,cateringandcleaning,theleadershipteamsasledbyGemmaandJanet,andalsotheAucklandteamwhomakesurewehavethebookingsandfundingrequiredtodoaqualityjobwiththestudents.

Finally–wehaveourgroupofninetrusteesledbyChairCliveTilby,whoensurethatthequalityofgovernanceisatthesamehighlevel.Wehaveasmall,butrelativelycomplicatedbusinessrequiringcarefulandconsideredguidance,whichourtrusteesprovideonthebasisthattheysharethesamepassionandcommitmentbothtoourbusinessandtoourcountry’syoungpeople.Whenallofthatcomestogetherweendupwithoveralloutcomessuchasthese–onceagain,averysmallsnapshotofquotesfromteachersthatbringyoungpeopletoourcentres,includingourevents...

• We love promoting Hillary Outdoors here because we do see the benefits with our students. Their lives do change when they return from such an awesome experience.

• Benefits include increased independence, initiative, teamwork, leadership, self-confidence, adaptability... etc. I am basing this on conversations that we have had since our return and on observations at school. Examples include many students saying they get on with their family better now, many who are continuing self-directed fitness work (one girl has lost 6kg, which puts her back into a healthy weight range), an increased focus in class (the girls are performing well above average academically as a class since their return - this will be interesting to track further).

• The students gained self-confidence, perseverance, and resilience. They learnt to work together and not to centre everything about themselves. Some dependent students changed through the week to be more independent and less demanding. Gained an appreciation for the outdoors and their impact in and on the environment. Less dependence on technology for entertainment.

• Thank you very much for another wonderful experience. I rate this programme as the most meaningful educational experience in which I have been involved.

Wealsoenjoygreatsupportfromalargenumberoftrusts,allofwhicharelistedinthisAnnualReport.Whilstreluctanttosingleoutanysupporter(s),ImustmentionPubCharityandFoundationNorthbecauseofthesizeoftheirdonations–theyreallymakeahugedifferencebothtousand–mostimportantlytoallthoseyoungpeoplewhowouldotherwisenotbeabletoparticipateinourprogrammes.

Safety and delivering quality continue to be top focusesSafetyis,andwillalwaysremainparamount.

2014hadseentheintroductionofcompulsoryregistrationandauditingforallorganisationsdeemedtobeoperatingintheareaof“adventureactivities”,exceptforeducationalinstitutionsandmarine-basedorganisations.Weachievedregistration–aswasneededforustobeabletocontinueinbusiness–buttheprocessaddednotangiblevaluetoourbusinesswhilstaddingconsiderablecostsandbureaucraticdemands.

In2015wehadtwo“SurveillanceAudits”requiringfurtherexpenditureandinterruption.Ourthree-tiersafetymanagementsystemagainprovedtobeofthehighestqualityaswecomfortablysatisfiedtherequirementsofthoseaudits.Inadditiontotheauditprocess,weconstantlyreviewandamendallelementsofthesystemandarepleasedthatoursystemcontinuestobestronglyendorsedbytheauditprocessesrelatedtoourregistration.Veryimportantly,wedidnotexperienceanyserious,high-levelincidentsduringtheyear

In2015,againweconductedourannualsafetyculturesurveyandwerepleasedtoonceagainfindthatthecultureofourorganisationisverypositivebutthereareareaswherewecanmakeimprovements.Wecontinuetopromotea“noblame”culturesothatlearningsarefreelyshared,especiallyintheareaof“nearmisses”.

Thefinalwordonsafetyrestswithateacherfromoneofourschools:

CLOCKWISE FROM TOP: Palmerston North Boys High School tackles Mt Ngaruruhoe; Graeme Dingle, the founder of Hillary Outdoors (or OPC as it was then); One of the many students that has enjoyed sailing at our Great Barrier Island Centre, Ruapehu College students transfer their outdoor learnings to their discussions indoors; A Ruapehu College student getting a safety check by one of our instructors.

• The instructors are very good at adapting their programme to the particular group of students and how well they are working together and individually handling the challenges they are presented. Their risk management systems are very good and give me great confidence in bringing students here and reassuring parents about the safety of their children.

There’s immense satisfaction in knowing that the challenges you face are only as limited as your imagination

“ ”Graeme Dingle

THANKSTOGRASSROOTS...wewereabletopurchasemore“rig”forsailingasaresultoftheirgenerousfunding!


Our programmes and operations remain key ingredientsIntermsoftheprogrammeswedeliver,weareverymuchattunedtotheneedsofeachofourcustomersandweareincreasinglybecomingmoreflexibleinourpracticessothatwemeettheneedsofeachindividualcustomer.Thisapproachrecognisesthefactthateverycustomerisdifferentandthereforeeveryprogrammemustbecustomisedtotheneedsoftheindividualcustomer–wedonothavea“onesizefitsall”approach.

Wemust,however,deliversomeconsistencyacrossallprogrammes,includingbetweencentres.Theareasofconsistencywerebeingdebatedin2015,butclearlytheymustinvolvequality,focusoneducationandadegreeofcommonalitysuchthatourprogrammes

arerecognisableasbeing“HillaryOutdoorsProgrammes”.Thiswillbeafocusin2016withvaluableinputfromcentremanagersandoureducationcoordinator.

Currenttrendsinoutdooreducationincludeanincreasingfocusoneducationaloutcomes,ecologicaleducationandhelpingyoungpeopledevelopresilienceandindependence.Recognisingthesetrendshasledtoourpromotionof“longprogrammes”whichwedefineasanythingofalongerdurationthanourstandard5-dayprogramme.Longprogrammesbeganforusin2012withHillcrestHighSchoolsendingtwogroupsof30studentstoourGreatBarrierIslandcentre–eachforfiveweeks.By2014TridentHighSchoolandOtumoetaiCollegewerealsotakingpartinlongprogrammesatGreatBarrierIslandandin2015KingsCollegebecameourfirstlongprogrammeatourTongariroCentre.

Thereisplentyofdemandfromschoolsforlongprogrammesandwearecommittedtotakingadvantageofthatsituationbygrowingourlongprogrammesastheyprovideasignificantlyenhancedopportunityto“makeadifference”foryoungpeople,andtheyaregreatforourbusiness.In2015longprogrammeincomeof$493Krepresented20%oftotalrevenuegeneratedbystudents–upfrom0%in2011.Wearecommittedtocontinuingtoattractnewlongprogrammecustomersinfutureyearstodrivegrowthinourbusiness.

“Students are more accepting of those around them, they have taken an interest in environmental issues around the college and local area. They self manage in the college environment far better”

D. Harvey, Teacher in Charge, Te Puke Intermediate


For many young Kiwis, recreational time is spent indoors in front of a screen, or participating in structured activities

“”Scott Duncan Associate Director, Human Potential Centre, AUT University

constrained by built or modified settings

THANKSTOFOUNDATIONNORTH...thesestudentsmayhavemissedoutexperiencingthewonderfuloutdoorlessonsofGreatBarrierIslandifitwasnotfor your generous funding

SUCCESS STORY TAITA COLLEGE WELLINGTON, DECILE 3 SCHOOL TONGARIRO VISIT

BRIDGET JANSE EDUCATION COORDINATOR

Thestoryunfoldedintotheparticipationof10studentsinaspeciallydesignedprogrammeatourTongariroCentre,accompaniedbytheirDean...attheendofourdebrief,IreflectedasIlookedaroundattheyoungmenstandinginthecirclewithmeandmyco-instructor.ThesewereverydifferentboysfromtheonesIhadmet5daysearlier.EducationthroughAdventurespeaksforitselfandcaninspiresuccess.

Whensittingdown,talkingwithKotuhiabouthisweek,goingthroughandmarkinghislearningandreflectionlog,Iaskedhim,“Sohowwasyourweek?”

“Yeah,itwasgood,”hereplied.

“Doyouthinkyouhaveparticipatedandcontributedtotheteamthisweek?”Iask.

“Um,yeah,”hereplied.

“Doyouthinkyouhavebecomemoreawareofyourbehaviourandhowyouworkwithothers?”

“Yip.”

“Doyouthinkyousetandachievedsomepersonalgoalsandchallengedyourself?”

“Yip.”

“CongratulationsKotuhi,youhavehadafantasticandpersonallychallengingweek.Younevercomplained,youpushedyourselfoutofyourcomfortzoneandhavesuccessfullyachieved6NCEAcreditsatLevel2.Welldone.Ishookhishand.

Helookedatme,indisbelief,andsaid“Thanks.”Hiswholefacelitup.

Hehad,alongwiththerestofhisgroup,justachievedhisfirstcreditsat

NCEALevel2.Hisbodylanguageandhugesmilesaiditall.

Likemanyyoungpeopletoday,someofthesestudentshadnotexperiencedpositivesuccessintheirschoolassessmentsystemtodate,sohadbecomedisengagedanddisconnectedassoonastheword“assessment”wasmentioned.Currentgovernmentpoliciesareaimingfor80%ofallschoolleaverstohaveaminimumofNCEALevel2,sothereispressureandexpectationsonstudentsandschools.Alackofsuccesshasledtoself-doubtandduringtheprogrammeitwasoneofthebiggesthurdlestheyeachhadtoovercome.Theyhadtolearnthattheyarecapableofsuccess,iftheytrytheirbestandgivethemselvesachance.

Thesestudentshavesomuchpotential,whichisrecognisedbytheirschoolandresultedintheir5-dayprogrammeatHillaryOutdoors.Beingtotallyfocusedonthestudents’individualneedsandabilities,itgavestudentstheopportunitytoseehowtheycouldcontributetoateamandexperiencesuccess,individuallyandcollectivelyasagroup.Formostitwasachancetotakeabreakfromtheirhomelivesandfocusonthemselves.Theywerepresentedwithopportunitiestosetpersonalgoals,experiencechallengeandtakeresponsibilityforthemselves,withguidanceandsupportfromtheinstructorsandstaff.Intheprocess,theyallachievedsuccessandcametorealisetheywerefarmorecapablethantheygavethemselvescreditfor.

Afterapositiveandpotentiallylife-changingexperienceatHillaryOutdoors,TaitaCollegeisimplementingtheimportantfollow-upstepofprovidingongoingsupportforthestudentsbackatschool–theywillbepartofanacademicmentoringprogrammeaimingtohelpthemcontinuetofindsuccessintheirchosenpathwaysbothat,andbeyond,school.

We were approached by the Principal of Taita College (a Decile 3 co-educational state school in the Hutt Valley, Wellington) with the request of delivering an NCEA assessment programme for “a group of Year 12 students who have not currently got Level 1. Some of these are at risk of leaving college and seem to be drifting. We are considering interventions and thinking that possibly a group of students visiting your Centre might be the making of them.”

LEFT: Student talents go well beyond reading and writing in what can be “assessed” for academic success – as illustrated by the amazing drawings in the student reflection log books that were completed as part of their Hillary Outdoors programme.


Tongariro CentreOurTongariroCentrecontinuestobethe“engineroom”ofourorganisationwithhighandgrowinglevelsofbookings,revenueandrecognitionofthequalityofourprogrammes.

Highlights:

STotalbednightsfortheCentrein2015of15,606weremorethan10%higherthanin2014.

SSchoolcourseincomeof$1,764Kwas$238K(15.6%)greaterthanthepreviousyear.

STotalexpenditurefortheyearwas$114Kbelowbudgetandeven$24Kbelow2014.

STheresultingsurplusfortheCentre(ignoringanycontributiontoHeadOfficecosts)was$238K-$18Kbetterthan2014.

Theonenegativeoutcomefortheyearwasthatcorporate/contractbookingsfellby$200Kasmanyone-offbookingsthatcontributedto$292Ktotalrevenuein2014werenotrepeatedin2015.

Demandforourserviceshasgrowntonewheights.Wehavehadasuccessionofnewbookings,oftenfromnewschoolsthathavehadnocontactwithuspriortomakingabooking–twiceformorethan100students!Thisreallyisa“referralbusiness”,which,inthesmallNewZealandoutdoorssector,suggeststhatourreputationisbacktoitsbest.

Thisisbothconsistentwith,andhasundoubtedlybeendrivenbytheincrediblypositivereviewswereceivedfromcustomers(i.e.schools)andclients(i.e.students)anditistheexceptionalworkundertakenbyourstaff

thatisthereasonforthis–theyareatthecoalfaceanditisthequalityoftheirworkthatmakesthedifference.

Afurtherexampleofgrowththrough“wordofmouthreferralbusiness”wasenrolmentsforourtertiarycourses.Inrecentyearswehavefailedtorecruitthenecessaryminimumof19studentsforourone-yearprogrammes,butin2015weweresignificantlyover-subscribedsuchthatwenotonlyhadchoicestomakewhichincreasedthequalityofthestudentintake,butwewereabletoestablishwaitinglists,therebyensuringthatwewerefull.Theoutcomeofthiswillbemuchimprovedcoursesgoingforwardwithincreasedqualityofgraduates,therebyhelpingtheoutdoorssectorinthefuture.

TheKing’sCollegelongprogrammeestablishedin2015wasabigpartofthegrowthandsuccessoftheyear.King’sbroughtsixYear10formclassestous,eachofapproximately23students,foraperiodof11days/nightsattheendofwhatwasathree-weekoutdoorprogrammedesignedtoincreasetheself-management,resilienceandself-confidenceoftheirstudents.Initselfthiswasatremendousendorsementofoutdooreducation–andespeciallylongprogrammes–andtheschoolreportedthatpositivestudentoutcomeshadsignificantlyexceededexpectations.

Safetyandotherareasofcompliancecontinuetobegrowingareasofworkforourstaffandincreasedareasofcostforthebusiness.Wefacedauditsinsafetyandeducationin2015andbothresultedinverypositiveoutcomes.NZQAconductedtheirbiennial“ExternalEvaluationandReview”(EER)evaluatingtheeducationaleffectivenessofourTertiaryProgrammesandwereextremelypositiveaboutthelearningoutcomesandoverallimpactwehadonourtertiarystudents.

“Bookings remained stable and consistent with 2012 after two years of growth – a positive situation”

THANKSTOGENESISENERGY...theseyoungpeoplewereabletoexperienceaHillaryOutdoorsprogrammethattheyotherwisemayhavenotbeenabletoafford

Our“AdventureActivitiesRegulation”auditinvolvedasurveillanceauditofourTongariroCentrewithverypositiveresults.

Finally,wemustrecognisetheoutstandingworkofthosethatprovidedleadershiptotheTongariroCentreduring2015.JanetandherteamofMike,Flo,DonandLukehaveonceagainmadeagreatcontributiontoourbusiness,and–moreimportantly–toalmost4000youngpeople.

CLOCKWISE FROM TOP: Student from Ruapehu College enjoying the ice around the Tongariro Centre; Ruapehu College students taking a break on their way up Mt Ngaruruhoe; Some of our wonderful catering staff at Hillary Outdoors Tongariro; The 2015 Tertiary programme students; Kings College students during their long programme.

“I believe most of the students have displayed respect and genuine caring towards others. Some have also conquered their fears. An example of this was to stand up in full assembly and share their experiences with the school. Another example , volunteering to help with one of our community primary schools without being asked”

T. Pitts-Brown, Sports Coordinator, Otorohanga College


Great Barrier Island CentreOurGreatBarrierIslandCentreconsolidateditsbusinessin2015asitcontinuestoestablishitselfasaverysuccessfulbusinessinitsownright.

Highlights:

STotalbednightsfortheCentrein2015of7,677were2%below2014but92%aheadof2011.

SSchoolcourseincomeof$720Kwas$12Klessthanthepreviousyear,andincomefromourtraditionalcore5-dayprogrammegrewby$13Kwhichreversedarecenttrendofdecline.

STotalexpenditurefortheyearwasrightonbudget.

STheresultingsurplusfortheCentre(ignoringanycontributiontoHeadOfficecosts)was$31K-$11Kbetterthan2014.

Longprogrammesovertermstwoandthreecontinuetounderpinourbusinessastheyhaveallowedustomoveawayfromtotallyseasonalworktoayear-roundbusinessthatprovidesconsistencyofstaffingandprogrammedelivery,withresultantbenefitsinqualityandsafety.Longprogrammeincomenowaccountsfor40%ofourtotalschoolcourseincomeanditisdestinedtogrowagainin2016.ThechallengenowistobeabletotakenewbookingsaswehavehitthelimitofcapacityforlongprogrammebookingsatOrama.

ThekeytothesuccessofthebusinessonGBIisagreatstaffingteam,wellledanddoingconsistentlyexcellentwork.In2015theGBIteamfocussedonincreasedclientcontact,meaningmorelearning/studentfocusedprogrammeswithprogrammesdifferingeachweekdependingontheschool’srequiredoutcomes.Thisapproachhasreceivedverygoodfeedback.

AfterhavingfarewelledSimonGraneyfromthebusinessandtheislandinlate2014wewelcomedGemmaParkininJanuaryof2015.GemmacametousfromChristchurchandshesettledintoherroleveryquickly,withexcellentsupportfromexistingstaff–especiallyRoger,Tom,Tesh,FreyaandJames.

OurGBICentrealsohadasurveillanceauditaspartofretainingtheiradventureactivitiesregistration,whichwasdealtwithsimplyandquicklyasoursafetysystemsandpracticesonceagainwithstoodclosescrutiny.

Theendof2015markedverynearly10yearsofouroperationonGBI.OurthanksgototheOramateamforinitiallywelcomingusintotheirworld,thenforsupportingourgrowthanddevelopmentaswehavemovedforwardtothestagewherebyalmost1000youngpeopleannuallyareenjoyingtheexperienceandbenefitsofoutdooreducationexperienceswithHillaryOutdoorsonGreatBarrierIsland.

CLOCKWISE FROM TOP: Hillcrest High School students visting a marae on Great Barrier Island as part of their cross-curricular long programme; Whether students arrive on the island by air or sea, the views are breathtaking; Long programmes actively involve students in preparing their meals and that even involves catching fish to eat!; Coasteering involves enormous leaps of faith and confidence as students enter the water from great heights; We literally see students “blossom” in front of us as they build their skills and accomplish wonderful things like this catch!

THANKSTOPUBCHARITY...thesestudentsmayhavemissedoutexperiencingtheculturalandcommunitylessonsofGreatBarrierIslandifitwasnot for your generous funding

“(Since visiting Hillary Outdoors, students have been) taking on leadership roles with greater confidence /understanding the importance of team work /not to give up when it gets tough/managing to cope with different personalities in testing conditions”

R. Gregory, Teacher in Charge, Taupo-nui-a-Tia College

“Self management is something I see has improved massively on return from our weeks at Hillary Outdoors. Students seem more organised and often think first before resorting to ask simple questions. Student appreciation for our environment and its care is evident. I see this in a different attitude toward the college enviroment, litter in bins, willingness to recycle etc ”

M. Rennell, Teacher in Charge, Rosehill College


EventsIn2015,oureventsprogrammecontinuedtoprovideavarietyofpositiveopportunitiesforyoungpeoplerightacrossthecountrytogetintotheoutdoorsandtrysomethingalittledifferent.Whethertheretocompeteforthewin,orsimplytoparticipateinafunadventurewiththeirteam-mates,therewereinterestinganduniquechallengescateringforall.

Intotalthereweretwentyeventsplannedonourcalendar,butduetorangeofreasonsfromaffordability,toclasheswithothercompetingevents-ultimatelyresultinginlowentrynumbers,twoofthesedidnotgoahead.Itseemsthereisanincreasingpressureonstudentswithregardstoexamsandothersporting/extra-curricularcommitmentsthatwearecompetingwithwhenitcomestoeventparticipation.

Iamverypleasedtoreportthattheeighteeneventsthatdidgoaheadwereallverysuccessfulandjustover2300participantstookpartintotal.Feedbackwasconsistentlypositiveandincidentlevelswereverylowandalltowardsthelowerendoftherangeofseverity.

The15thGenesisEnergyHillaryChallengeFinalinMayagainprovedtobeahighlightforeveryoneinvolved–thestudents,teammanagersaswellasourstaff.Thestudentsalwayscomesothoroughlypreparedandbringsomuchpassiontothechallengethatitservesasinspirationforeveryone.Forthefirsttimein15attemptsThamesHighSchoolwerevictorious,anachievementwhichwascelebratedrightacrossthelocalThamescommunity.

OurNorthIslandHillaryChallenge6hrAdventureRacewasheldinRotoruathisyearwith22teams(176students)takingpart.Thisisthe

samenumberofteamsthatwehadacrosstwoNorthIslandeventsin2014,soshiftingitbacktoasingleNorthIslandeventinacentrallocationwastherightdecision.Thiseventisstillveryexpensive(particularlywhentravelandaccommodationisaddedin),especiallywhencomparedtoother‘public’eventsofasimilarnature,whereourentryfeeperheadisaround50%more.

Theongoingnatureofinternalschoolassessmentsattheseniorlevelalsocanaffectthenumberofstudents/teamsthattakepart.WewereagainforcedtocanceltheSouthIsland6hreventduetoalownumberofentriesfortheeventthatwasscheduledforlateinTerm3.In2016thiseventwillbemovedtotheendofTerm2,hopefullyawayfromthekeyassessmenttimeofyear.

TheNavQuestSeriesoffoureventswereheldinTaupo,Auckland,WaikanaeandRotorua.380participants,around40/60schoolstudentsvsgeneralpublic,whichreflectsaconsistentlevelofparticipationonpreviousyears.Itwasdisappointingtoseealowturnoutofschoolstudents,buteventsheldonaweekendwillonlyeverattractthecommittedstudentsandteacherswhowanttogivetheirowntimetobringthemalong.In2016theNavQuesteventswillberenamedtheSeniorGet2GoChallengeandwillmovetoaweekday,tohopefullyattractedgreaterparticipationbyschools.

The10thannualGet2GoChallengeSeriesinTerm3had194teamsfrom112schoolsregisterforoneofthe11events.Thisrepresentsastrongnumbernotfarofftherecord205teamsin2013,butalsoshowsabout15fewerschoolsthan2014.Duetolowentrynumbers(only4teams)andasin2014,theManawatu/Wanganuiregionseventwascombined

THANKSTOGENESISENERGY...yoursponsorshipoftheHillaryChallengeFinalmakesallthedifferenceininspiringstudentstorepresenttheirschoolsandproducesuchasuccessfulevent

CLOCKWISE FROM TOP: Students crossing the finish line at the Genesis Energy Hillary Challenge Final, student participating in the Get2Go Series, teamwork at a Hillary Challenge 6hr event, the great comaraderie shared by fellow team mates during the Genesis Energy Hillary Challenge Final.

withtheeventintheWellington/Wairaraparegion.All11eventsransmoothly,thankstoover160volunteersfromtheloyalclubsandorganisationswhoassistedwiththeplanning,equipmentandonthedaymanagementofthevariouschallenges.

Followingonfromtheregionalseries,theGrandFinalforthetopteamfromeachofthe12regionsplayedoutover5daysatourGreatBarrierCentreattheendoftheyear.TheeventwasahugesuccessandyetanothergreatexampleoftheentireextendedGBIteam(andofcourseOrama)workingtogetheronthesameprojectasatrulyhighperformingteam.Forthefirsttimeinseveralattempts,WaimeaCollege(Nelson)

werethewinnersoftheevent,takingthetrophybacktotheSouthIslandforjustthe2ndtimein10years.

Asalwaysthemainbarriertothecontinuedgrowthofoureventsprogrammeandtheparticipationofmoreyouthisfunding/sponsorshiptoprovidethesupporttoa)keeptheentryfees/costaffordabletoawiderangeofparticipantsandb)allowustomarkettheeventssuccessfullyandgettheinformationtotherightteachersineachschool.Oureventsarefairlydeeplyingrainedinthecultureandcommunityofmanyschools,buttherearestillahugenumberthatwehavenoteventouched.

“Our involvement with helping our kids teams training towards the Get 2 Go and Hillary Challenge have been the catalyst for the whole family to get involved in a range of outdoor activities that we would never have contemplated previously – so thanks to the Team at Hillary Outdoors! ”T & S. Nicholas, Parents of two event participants, Takapuna Grammar School

“Our students come away, not only having learnt many new skills, but also with enthusiasm and passion for the outdoors. I am always blown away by the number of ex-students who are taking these skills and using them after they leave school.”J. Bloom, HOD Physical Education, Outdoor Education and Health, Thames High School

TABLE OF CONTENTS

• TrustDirectory 22

• AnnualReport 23

• IndependentAuditor’sReport 24

• Statement of Financial Performance 25

• StatementofMovementsinTrustCapital 25

• StatementofFinancialPosition 26

• NotestoandformingpartoftheFinancialStatements 27

For the Year Ended 31 December 2015

FINANCIAL STATEMENTS


PERFORMANCE REPORT 2015

School Students at Hillary Outdoors Centresin 2015 by Decile Ratings

Decile 1-3

Decile 4-6

Decile 7-9

Decile 10

0 2000 4000 6000 8000 10000 12000 14000 16000

2011

2012

2013

2014

2015

Occupancy in Bed Nights for Tongariro Centre

71%

68%

67%

59%

?%

0 1000 2000 3000 4000 5000 6000 7000 8000 9000

2011

2012

2013

2014

2015

Occupancy in Bed Nights forGreat Barrier Island Centre

69%

54%

42%

35%

67%

Bed Nights 2015: 15606Bed Nights 2014: 14080

Bed Nights 2015: 7677Bed Nights 2014: 7834

%oftotalcapacity%oftotalcapacity

Programme Attendance 2015 201474

School students attending 5 day programmes 3674 3486

School students attending long programmes 261 130

School students participating in events 2300 2180

TOTALS 6235 5796

+5%

+101%

+6%

+8%

Qualifications at Hillary OutdoorsNZOIALeaderandLevel1 77NZOIALevel2 15NZOIAAssessor 4SkillsActiveAssessor 4TechnicalExperts 8QualifiedTeachers 5Boatmasters 5


ANNUAL REPORTFor the year ended 31 December 2015

Charities Commission Registration CC26731

Date of Formation 6August1973

Nature of Trust Toprovideeducationinallitsformsinoutdoorpursuits.

Registered Office SuiteD,Level1 31DBartleyTerrace Devonport,Auckland

Patron RtHonDameJennyShipley

Trustees CliveTilby-Chairman DavidBeeche MarkCopeland TheaDepetris RachelDunne MervynEnglish TonyGault Iain Morrison RupertWilson

Independent Auditor BDOAuckland Level8,BDOTower 120AlbertStreet Auckland

Bankers BankofNewZealandLimited–TaupoBranch

Solicitors ChapmanTripp

ThetrusteeshaveapprovedthefinancialstatementsoftheSirEdmundHillaryOutdoorsEducationTrustfortheyearended31December2015.

ApprovedforandonbehalfoftheBoardofTrusteesthis7thdayofJune2016.

CliveTilby–ChairmanoftheBoardofTrustees TonyGault–Trustee

TRUST DIRECTORYAs at 31 December 2015

STATEMENT OF MOVEMENTS IN TRUST CAPITAL

For the year ended 31 December 2015

Theabovestatementsshouldbereadinconjunctionwiththenotestoandformingpartofthefinancialstatements.

Note 2015 2014

$ $

Course Fee Income 2,639,125 2,668,569

LessOperatingExpenditureexcludingdepreciation 2 3,419,187 3,427,359

OperatingLossbeforedepreciationandotherincome (780,062) (758,790)

Add Other Income 3 865,040 837,935

Operating Surplus/(Loss) for the year before depreciation 84,978 79,145

LessDepreciation 14 (268,951) (293,896)

Net Loss for the year (183,973) (214,751)

Note 2015 2014

$ $

Trust Capital at the beginning of the year 2,617,740 2,832,491

NetLossfortheyear (183,973) (214,751)

Trust Capital at the end of the year 2,433,767 2,617,740


STATEMENT OF FINANCIAL PERFORMANCEFor the year ended 31 December 2015


NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS

For the year ended 31 December 2015

CliveTilby–ChairmanoftheBoardofTrustees TonyGault–Trustee

Theabovestatementsshouldbereadinconjunctionwiththenotestoandformingpartofthefinancialstatements.

1) STATEMENT OF ACCOUNTING POLICIES

Reporting entity

ThesearethefinancialstatementsoftheSirEdmundHillaryOutdoorsEducationTrust(‘theTrust’).TheTrustisacharitabletrustregisteredinNewZealandwiththeCharitiesCommission.TheTrustisengagedinthebusinessofprovidingallaspectsofoutdooreducation.

TheTrustwasregisteredonthe6August1973andcommencedtradingatthattime.

Basis of Reporting

ThesefinancialstatementsoftheTrusthavebeenpreparedinaccordancewithgenerallyacceptedaccountingpracticeinNewZealandbeingFinancialReportingStandardsandStatementsofStandardAccountingPractice.

ThefinancialstatementsoftheTrusthavebeenpreparedonanhistoricalcostbasis.TheinformationispresentedinNewZealanddollars.

Changes in Accounting Policies

Therehavebeennochangesinaccountingpoliciesduringtheyear.

Specific Accounting Policies

Inthepreparationofthesefinancialstatements,thespecificaccountingpoliciesareasfollows:

a) Depreciation

TheTrusthasthefollowingclassesofProperty,Plant&Equipmentanddepreciationhasbeencalculatedtoallocatethecostorvaluationoftheassetsovertheirestimatedusefullives,atthefollowingrates:

MotorVehicles 20-26% DiminishingValueOfficeEquipment 31.2% Straight-lineBuildings 6% Straight-lineCentreEquipment 33% DiminishingValueSupportCraft 26% DiminishingValuePlantandEquipment 20-26% DiminishingValue

STATEMENT OF FINANCIAL POSITION

As at 31 December 2015

Note 2015 2014

$ $

CURRENT ASSETS

Cashatbank 4 235,048 47,640

Accountsreceivable 6 28,302 30,773

Otherreceivables 7 5,004 2,095

Termdeposits 5 - 202,318

Inventories 8 17,591 16,555

Total Current Assets 285,945 299,381

CURRENT LIABILITIES

Accountspayable 9 200,936 120,757

Other creditors and accruals 10 121,956 139,667

Financelease–currentportion 13 9,419 3,173

GrantsandDonationsreceivedinadvance 11 250,159 238,522

CoursePrepayments 12 245,500 273,543

Total Current Liabilities 827,970 775,662

Working Capital (Deficit) (542,025) (476,281)

NON-CURRENT ASSETS

Property,PlantandEquipment 14 2,984,690 3,098,609

Total Non-Current Assets 2,984,690 3,098,609

NON-CURRENT LIABILITIES

FinanceLease–non-currentportion 13 8,898 4,588

Total Non-Current Liabilities 8,898 4,588

NET ASSETS 2,433,767 2,617,740

REPRESENTED BY:

Trust Capital

TrustCaptial 2,433,767 2,617,740

ApprovedforandonbehalfoftheBoardofTrusteesthis7thdayofJune2016.


Notes to and forming part of the financial statements for the year ended 31 December 2015 (cont’d)

STATEMENT OF ACCOUNTING POLICIES (CONT’D)

b) Goods & Services Tax

ThesefinancialstatementshavebeenpreparedonaGSTexclusivebasiswiththeexceptionofaccountsreceivableandaccountspayablewhichareshowninclusiveofGST.

c) Taxation

Noprovisionforincometaxbeenmade,astheTrustisexemptfromIncomeTaxundertheprovisionsoftheIncomeTaxAct2007.

d) Inventories

Inventoriesarestatedatthelowerofcostandnetrealisablevalue.Costisdeterminedusingthefirst-in,first-out(FIFO)method.

e) Revenue

Course Fees

CourseFeesarerecognisedinthemonthofattendanceatoneoftheTrust’soutdooreducationcentres.Interestincomeisrecognisedusingtheeffectiveinterestmethod.

Grants and Donations

Grantsanddonationsarerecognisedwhenreceived,unlessspecificconditionsareattachedandrepaymentoftheamountisrequiredwheretheseconditionsarenotmet.Inthesecases,thegrantordonationistreatedasaliabilityuntilsuchconditionsaremet.

f) Receivables

Receivablesarestatedattheirestimatedrealisablevalue.Baddebtsarewrittenoffintheyearinwhichtheyareidentified.

g) Leases

LeaseswheretheTrustassumessubstantiallyalltherisksandrewardsofownershipareclassifiedasfinanceleases.TheTrusthasacquiredamotorvehiclebywayoffinanceleaseandtheyarestatedattheloweroffairvalueandpresentvalueofthefutureminimumleasepayments,andaredepreciatedusingthesameratesasforitsothervehicles.Minimumleasepaymentsareapportionedbetweeninterestexpenseandreductionoftheoutstandingliability.Theinterestexpensecomponentofthefinanceleasepaymentsisrecognisedinthestatementoffinancialperformanceusingtheeffectiveinterestratemethod.

Otherleasesareclassifiedasoperatingleases.PaymentsmadeundertheoperatingleasesarerecognisedintheStatementofFinancialPerformanceonastraight-linebasisoverthetermofthelease.


2 ) OPERATING EXPENDITURE

3 ) OTHER INCOME

Expensesaremadeupof: 2015 2014

Direct Course Expenses $ $

CourseDisbursements 727,551 708,076

WagesandSalaries 2,053,245 2,040,053

OtherDirectCourseExpenses 15,070 30,137

Total Direct Course Expenses 2,795,866 2,778,266

Other Expenditure

Audit Fees 15,600 18,668

Interest Paid 4,468 1,176

RatesandRent 51,528 52,635

CentreIndirectExpenses 513,471 540,492

AdministrationExpenses 15,300 12,716

MarketingExpenses 7,881 8,996

OtherExpenses 15,072 14,410

TOTAL OPERATING EXPENDITURE 3,419,187 3,427,359

2015 2014

$ $

Sponsorship 10,000 8,000

DividendsReceived 1,712 2,084

DonationsandGrantsforIncomeSupport 730,433 712,777

FundingandGrantsforAssets 100,532 65,956

Interest Income 7,517 8,780

Insurance Claims 3,350 35,314

Gain/LossonSaleofAssets 11,496 5,024

865,040 837,935



OTHER INCOME (CONT’D) SirEdmundHillaryOutdoorsEducationTrustacknowledgesthedonations,grantsandsponsorshipfromthefollowingentities:

4 ) CASH AT BANK

2015 2014

$ $

BNZChequeAccount 3,184 177

BNZAutocallAccount 30,446 47,203

BNZEventsAccount 5 60

OfficeFloat 300 200

33,935 47,640


5 ) TERM DEPOSITS

6 ) ACCOUNTS RECEIVABLE

7 ) OTHER RECEIVABLES

8) INVENTORIES

9) ACCOUNTS PAYABLE

2015 2014

$ $

BankofNewZealand

OncallasatBalanceDate 201,113 202,318

201,113 202,318

2015 2014

$ $

AccountsReceivable 28,302 30,773

28,302 30,773

2015 2014

$ $

Prepayments 5,004 2,095

5,004 2,095

2015 2014

$ $

StockonHand 17,591 16,555

17,591 16,555

2015 2014

$ $

AccountsPayable 199,736 117,325

BNZVISACreditCard 1,200 3,432

200,936 120,757

SChapmanTripp

SGenesisEnergyLtd

SFoundationNorth

SPubCharity

SNewZealandCommunityTrust

SEdHillaryCharitableTrust

SNorthandSouthTrust

SFourWindsFoundation

STrustWaikato

STheTrustsCommunityFoundation

STheDouglasCharitableTrust

SGrassrootsTrust

SPegasusSportsFoundationLimited

SEndeavourCommunityFoundation

SBlueWatersTrust

SBlueSkyCommunityTrust

SKeenFootwear

STheSouthernTrust

SMountWellingtonFoundation

STGMacarthyTrust

SDragonCommunityTrust

SConstellationCommunityTrust

STrillianTrust

SWellingtonCommunityTrust

SFirstLightCommunityFoundation

S InfinityFoundationLimited

SFirstSovereignTrust

SBivouacOutdoors

SEasternandCentralCommunityTrust



10 ) OTHER CREDITORS AND ACCRUALS

11) GRANTS AND DONATIONS RECEIVED IN ADVANCE

12) COURSE PREPAYMENTS


13) FINANCE LEASE

14) PROPERTY, PLANT AND EQUIPMENT

2015 2014

$ $

PAYEDue 43,700 43,043

Holiday Pay Accrual 39,721 40,299

Sundry Creditors and other Accruals 20,039 22,103

StaffAssociationFunds 3,225 2,518

GSTPayable 15,271 31,704

121,956 139,667

2015 2014

$ $

FoundationNorth 38,761 29,809

GrassrootsTrust - 10,000

FirstLightFoundation - 6,000

ConstellationCommunityTrust 4,500 -

TheTrustsCommunityFoundation 20,000 -

NewZealandCommunityTrust 36,142 -

SouthernTrust - 20,000

TrillianTrust 4,556 -

ManaTrust - 5,000

NikauTrust - 3,695

PubCharity 129,214 141,877

GenesisEducationFund 16,821 13,741

TheLinesCompany 165 8,400

250,159 238,522

2015 2014

$ $

CourseFeesreceivedinadvance 245,500 273,543

245,500 273,543

2015 2014

$ $

ToyotaFinanceLtd

CurrentPortion 9,419 3,173

Non–Currentportion 8,898 4,588

18,317 7,761

2015 Cost Current Year Accumulated Carrying Value

Depreciation Depreciation

$ $ $ $

Land 30,000 - - 30,000

Buildings 4,936,389 163,322 2,366,201 2,570,188

Motor Vehicles 532,290 38,033 408,936 123,354

SupportCraft 71,619 8,557 47,263 24,356

PlantandEquipment 388,555 39,729 218,473 170,082

CentreEquipment 579,592 14,090 519,273 60,319

OfficeEquipment 76,920 5,220 70,529 6,391

Total 6,615,365 268,951 3,630,675 2,984,690

2014 Cost Current Year Accumulated Carrying Value

Depreciation Depreciation

$ $ $ $

Land 30,000 - - 30,000

Buildings 4,925,592 162,543 2,202,879 2,722,713

Motor Vehicles 563,362 38,579 442,907 120,455

SupportCraft 71,619 11,564 38,706 32,913

PlantandEquipment 320,810 30,691 178,744 142,066

CentreEquipment 548,277 17,066 505,183 43,094

OfficeEquipment 133,697 33,453 126,329 7,368

Total 6,593,357 293,896 3,494,748 3,098,609



15) THE SIR EDMUND HILLARY OUTDOORS EDUCATION FOUNDATION (‘THE FOUNDATION’)

TheSirEdmundHillaryOutdoorsEducationFoundation(formerlyknownasTheSirEdmundHillaryFoundationforYoungNewZealanders)isa

separateprivatecharitabletrustwhichpreparesitsownfinancialaccounts.Itspurposeistoremovethefinancialbarriersforyoungpeopleto

attendacoursetheHillaryOutdoorEducationCentresandtopromoteSirEdmundsHillary’slegacyintheoutdoors.TheHillaryOutdoorsEducation

TrustactsascustodianfortheTrustandisentitledtoreceiveinterestincome.TheFoundationhasnotsponsoredanystudentstocometoacentre

inthisfinancialyear,howeverithasprovidedshort-termfundingof$60,000totheTrustforashortperiodduringtheyearinlieuoftransferring

interestacross.Thisamountwasrepaidbyfinancialyearend.

16) CONTINGENT LIABILITIES

Atbalancedatetherearenoknowncontingentliabilities.TheTrusthasnotgrantedanysecuritiesinrespectofliabilitiespayablebyanyother

partywhatsoever(2014:$Nil).

17) COMMITMENTS

Asat31December2015TheTrusthadanoperatingleaseinplacewithEllerslieInvestmentsLimited–rentalagreementforpremisesinDevonport,

Aucklandforatermof2yearsfrom1September2015to31August2016,witharightofrenewalforafurther2years.Inaddition,anoperating

leasewithFujiXeroxwascommenced23rdJuly2015foratermoffouryearsendingJuly2019fortwoprintercopiersinAucklandandTongariro.

18) GOING CONCERNThefinancialstatementsshowanetlossof$183,973fortheyearandnegativeworkingcapitalof$542,025asat31December2015.TheTrusthasTrustCapitalof$2,433,767withexternalborrowingsof$18,318.Thefinancialstatementshavebeenpreparedonagoingconcernbasis,whichassumesthattheTrustwillcontinueinoperationalexistencefortheforeseeablefuture.TheTrustees,whocontinuallyreviewthefundingneedsofthebusiness,considerthatinpreparingthefinancialstatementstheyhavetakenintoaccountallinformationthatcouldreasonablybeexpectedtobeavailable,includingthebudgetsandcashflowforecastforthe2016financialyear.Thekeyassumptionsofthesedocumentsare:

SRetainingthe2015courseattendancelevelsandincomeforstudentsatTongariroandGreatBarrierfurnishedinpartbyPubCharity2015grant

andFoundationNorthgrant;

SGrant/donationincomeachieving95%of2015levels;

STheTrustcontrollingitscostssuchthatanoperatingsurplusbeforedepreciationisachieved;and

SForecastcapitalexpenditureissufficienttomaintaintheoperationalcapacityoftheTrust.

19) EVENTS AFTER REPORTING PERIOD

Therewerenoeventssubsequenttobalancedate(2014:$Nil).

20) RELATED PARTY TRANSACTIONS

Therewerenorelatedpartytransactions(2014:$Nil).

2015 2014

$ $

No longer than one year 34,740 27,400

Betweenoneandfiveyears 52,374 10,350

87,114 37,750ABOVE: OPC Staff pictured at TOPEC in 1990. BELOW: Hillary Outdoors staff at the same location in January 2016.

Still going strong forty four years later...

annual report 2015 - hillary outdoors...6 sir edmund hillary outdoors education trust annual report...

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