Hi Everyone,
The November Board meeting was held
in Wellington on Sunday 16th November in
Wellington.
From a financial perspective the
results for the four months to 31st October were a
Net Operating Surplus of $2.015 million against a budget of $1.3
million, a positive difference of $707,449. This is all due
to timing differences and the underlying result for the period
remains at budgeted levels. The Year-end Forecast for the Net
Operating Surplus is now back in line with the budget of $743,000
after a number updates last month. See the attached normal
monthly report for details.
In terms of other outcomes from the
meeting:
·
The Board discussed the new External Financial Reporting
standards that will come into effect from next year. There is
a (small) risk that under these rules that SLSNZ will need to
consolidate the annual accounts of all the Clubs into
the financial reports for SLSNZ. If this was to happen it
would be a major inconvenience for SLSNZ and Clubs and would mean
all parties would have to re-align their balance dates and audit
their accounts. This risk will be closely monitored over the
coming months, and all efforts made to ensure the consolidation
is not required.
However, it is important that Clubs are aware of this risk, and not
get too carried away (yet) with planning for the
potentially less stringent reporting requirements that come into
play for smaller entities under the new standards. We are
conscious that there are a number of organisations putting on
education seminars on the new reporting regime and Clubs may be
looking at going along to those. That in itself is fine, but
everyone just needs to be aware that if the accounting powers
decide that the surf life saving movement is one combined entity
for financial reporting purposes that it will change
things.
·
Munro Benge were re-appointed as SLSNZ auditors for the
2014/15 year.
·
The Surf Sport Blue Sky review findings were endorsed -
including the 2015-20 Sport Strategy and the 32 individual
recommendations. The Board has now set up a sub-committee to
look at the implementation aspects of the Review, in order to give
guidance to Management on the priority areas.
·
The Foundation sub-committee decided they needed some extra
dedicated time to push this project along. They will meet
again in early December.
·
Efforts going into the Water Safety Sector Plan were noted
and encouraged. SLSNZ will be part of a new Cross Sector
Reference Group that is being set up in December to take the draft
Sector Plan closer towards completion.
·
The Team Managers report from the NZ Open team from Rescue
2014 was reviewed by the Board, who again congratulated all the
members of the team for their outstanding results. There were
a number of recommendations made that will be taken forward into
the Rescue 2016 planning. The funding application for this
has now gone to High Performance Sport NZ and the outcome will be
know just before the end of December.
·
In the area of Health & Safety the Board reviewed the
2014/15 SLSNZ Health & Safety Plan, and the actions required to
implement that. While there is a considerable amount to do,
the foundations of safety are in place across the movement so it
should be possible to get fully up to speed in a relatively short
time frame. Of course the key to success is not the number of
policy documents but the underlying culture around risk that we
have in the movement.
·
The Board also discussed the YTD Serious Injury Summary for
the 2014/15 Season - to date there have been two in injuries to
members where medical care has been required, both involving
IRB's. This is disappointing given the area the Board wanted
to see the most improvement in was in IRB-related injuries, so
there is still work to do here - and more investigations will take
place.
So that's it from me - another
busy month! The next Board meeting will be a conference
call meeting held on Sunday
14th December. Until my
next update……
Yours in surf,
Geoff Hamilton
Chairman
Surf Life Saving New
Zealand
