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Takapuna/HAT


Guest Ketchup

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http://www.marinehub.org.nz/webpages/harbour-access-trust/

 

Interesting to learn that a couple of high profile members, including PJ Montcommentery, have walked away from HAT.

 

I think they are now realising that the So called "national sailing centre" (now changed to a monument "to YNZ stupidity") is the wrong fish in the wrong pond, and a expensive waste of millions of dollars that could be earmarked for sailimg development rather than the promotion of a few elite sailors.

 

What I understand so far is.... The resource consent shows the building alone is 8.3 million. 3 million from Sport NZ and that's before all the extra work that will have to happen down there.

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http://www.marinehub.org.nz/webpages/harbour-access-trust/

 

Interesting to learn that a couple of high profile members, including PJ Montcommentery, have walked away from HAT.

 

I think they are now realising that the So called "national sailing centre" (now changed to a monument "to YNZ stupidity") is the wrong fish in the wrong pond, and a expensive waste of millions of dollars that could be earmarked for sailimg development rather than the promotion of a few elite sailors.

 

What I understand so far is.... The resource consent shows the building alone is 8.3 million. 3 million from Sport NZ and that's before all the extra work that will have to happen down there.

Can you quote the others that have, as you say walked.

 

Be more specific. Have they resigned? Evidence would give credibility to your postings.

 

Quote source with hyperlink or documented web links sources

.

Does the report state where the rest, money is coming from and whether they have had funds from YNZ or expect FUNDS from YNZ.

 

OC

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Rehab, Ralph Roberts is the other to resign.

 

No I cannot name my sources, but they are very reliable.

 

unlikely YNZ, it appears, they have seen the issues involved and gone.

You mean unlike YNZ they have ......

 

I trust that trusting your word is worth considering.

 

So Pete has definitely resigned.

 

For the uneducated who is Ralph Roberts.

 

 

Keep the facts rolling.

 

Does YNZ get funding for other sources.

 

They keep hamming the issue that members funds are not used re this issue and not stating that none on their funds are used.

 

That is a big difference and what does their charter state re the distribution re funds at their disposal

 

OC

 

 

OC

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2103-14 Report here

https://www.google.co.nz/url?sa=t&source=web&rct=j&url=http://www.yachtingnz.org.nz/sites/yachtingnz/files/2014ANNREP_webfile.pdf&ved=0CBwQFjAAahUKEwiZ9am-3Z3IAhVIo5QKHSM7Bhc&usg=AFQjCNESOhMvMZC_NhGRhBxaOea5jCQTyA

 

Financial report...

 

The 2014 financial Report: Club services returned a deficit of $73,680 (2013 deficit $33,426). This deficit would have been $107,984 had it not been for the one off gain on the sale of the Sailing...Have a Go! vehicles and trailer.

 

Whilst Club services expenditure was controlled to levels similar to 2013, this growing annual deficit illustrates the ongoing challenge for the organisation to sustainably operate programs which are largely funded from outside of member contributions. More than 2/3rds of Club services income ($1,451,623 in 2014) is derived from sources external to club NSM’s.

 

The Yachting New Zealand Board has signalled that this is not sustainable and is currently undertaking a project to improve this position in a way which is fair and more acceptable to clubs. The Sport Development fund (a legacy from the 2003 Americas cup hosted in New Zealand) covered the costs of the annual club Commodores’ Conference and made a contribution (by way of transfer) to cover the annual amortisation costs associated with the Yachting New Zealand website.

 

This fund was also instrumental in assisting to secure an entry by the NZL Sailing Team into the Red Bull Youth Americas Cup in San Francisco in conjunction with Emirates Team New Zealand. The net cost to the fund was around $7,000. The capital of this fund continues to be maintained on a sustainable basis. Readers will note that the Income Statement Detail page separates out the effect of Grants and Donations received for capital purposes.

 

This ensures that artificial annual surpluses are not reported in situations where Grant income is earned but not matched by a corresponding expense. Such Grants, totalling $157,376 were received this year to purchase Olympic Yachts to be located in our Rio training base, purchase new equipment for the Sailing Have a Go! Program as well as costs incurred to complete the Yachting New Zealand website project.

 

We appreciate the support provided by our partners and sponsors including more recently, Volvo for their support with three cars to the Sailing Have a Go! program and Aon for their sponsorship of the Fast Track program and assistance to help clubs secure effective and well priced insurance for their Buildings Notwithstanding this additional support, the total Club Services income declined from $1,518,638 in 2013 to $1,451,623 in 2014.

 

The Olympic and Talent development programs are meeting their performance and other targets, and are breaking even on an annual and Olympic cycle basis.

 

We are ever grateful for the ongoing financial, strategic and technical support from Sport New Zealand and High Performance Sport New Zealand in all areas of our sport. It is important to note that Club services income is not used to support the Yachting New Zealand Olympic and Talent development programs, and conversely the Olympic and Talent development Income and Fund accounts are ring fenced for these purposes only.

 

Total entity funds grew from $3,179,222 to $3,292,499. Most of these funds are restricted in their use to a specific purpose (as set out in note 2), however general funds (Members funds) decreased slightly from $466,552 to $434,477. The investment income obtained by Yachting New Zealand reduced slightly from $205,073 in 2013 to $197,903 in the current year reflecting the low point in the interest rate cycle, and a small loss in the market value of financial assets was experienced. The Board has recently appointed an external investment firm to place and manage a conservative and diversified investment portfolio with the goal to enhance the longer term returns from the entity funds controlled by Yachting New Zealand. Notwithstanding the growing deficit in member services which requires addressing, overall the financial position of Yachting New Zealand would be considered to be sound.

NICHOLAS ASSOCIATES LTD

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2103-14 Report here

https://www.google.co.nz/url?sa=t&source=web&rct=j&url=http://www.yachtingnz.org.nz/sites/yachtingnz/files/2014ANNREP_webfile.pdf&ved=0CBwQFjAAahUKEwiZ9am-3Z3IAhVIo5QKHSM7Bhc&usg=AFQjCNESOhMvMZC_NhGRhBxaOea5jCQTyA

Financial report...

The 2014 financial Report: Club services returned a deficit of $73,680 (2013 deficit $33,426). This deficit would have been $107,984 had it not been for the one off gain on the sale of the Sailing...Have a Go! vehicles and trailer.

Whilst Club services expenditure was controlled to levels similar to 2013, this growing annual deficit illustrates the ongoing challenge for the organisation to sustainably operate programs which are largely funded from outside of member contributions. More than 2/3rds of Club services income ($1,451,623 in 2014) is derived from sources external to club NSM’s.

The Yachting New Zealand Board has signalled that this is not sustainable and is currently undertaking a project to improve this position in a way which is fair and more acceptable to clubs. The Sport Development fund (a legacy from the 2003 Americas cup hosted in New Zealand) covered the costs of the annual club Commodores’ Conference and made a contribution (by way of transfer) to cover the annual amortisation costs associated with the Yachting New Zealand website.

This fund was also instrumental in assisting to secure an entry by the NZL Sailing Team into the Red Bull Youth Americas Cup in San Francisco in conjunction with Emirates Team New Zealand. The net cost to the fund was around $7,000. The capital of this fund continues to be maintained on a sustainable basis. Readers will note that the Income Statement Detail page separates out the effect of Grants and Donations received for capital purposes.

This ensures that artificial annual surpluses are not reported in situations where Grant income is earned but not matched by a corresponding expense. Such Grants, totalling $157,376 were received this year to purchase Olympic Yachts to be located in our Rio training base, purchase new equipment for the Sailing Have a Go! Program as well as costs incurred to complete the Yachting New Zealand website project.

We appreciate the support provided by our partners and sponsors including more recently, Volvo for their support with three cars to the Sailing Have a Go! program and Aon for their sponsorship of the Fast Track program and assistance to help clubs secure effective and well priced insurance for their Buildings Notwithstanding this additional support, the total Club Services income declined from $1,518,638 in 2013 to $1,451,623 in 2014.

The Olympic and Talent development programs are meeting their performance and other targets, and are breaking even on an annual and Olympic cycle basis.

We are ever grateful for the ongoing financial, strategic and technical support from Sport New Zealand and High Performance Sport New Zealand in all areas of our sport. It is important to note that Club services income is not used to support the Yachting New Zealand Olympic and Talent development programs, and conversely the Olympic and Talent development Income and Fund accounts are ring fenced for these purposes only.

Total entity funds grew from $3,179,222 to $3,292,499. Most of these funds are restricted in their use to a specific purpose (as set out in note 2), however general funds (Members funds) decreased slightly from $466,552 to $434,477. The investment income obtained by Yachting New Zealand reduced slightly from $205,073 in 2013 to $197,903 in the current year reflecting the low point in the interest rate cycle, and a small loss in the market value of financial assets was experienced. The Board has recently appointed an external investment firm to place and manage a conservative and diversified investment portfolio with the goal to enhance the longer term returns from the entity funds controlled by Yachting New Zealand. Notwithstanding the growing deficit in member services which requires addressing, overall the financial position of Yachting New Zealand would be considered to be sound.

NICHOLAS ASSOCIATES LTD

To summarise...

 

The membership income is dropping and they made some money from selling the "have a go" vehicles and trailers!

 

Basically income streams are stagnant and expenses fairly good for the staff!

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Income for 2014

 

4.4 million approx

 

3.5 million from sponsors (lion foundaton, Sport NZ?)

 

Bugger all from clubs (membership)

 

 

Expenditure (outgoings) "highlights"

 

4.49 million...

 

Of which...

 

1.6 million for rich Olympic sailors/coaches (plus their indivdual sponsors Income)

 

1.6 million labelled Personell.... wages? Divide that by how many employees!

 

371k on admin.

 

So while most of YNZ income is from National sources (companies, individuals, and taxpayers)their expenditure is "tightly held" in auckland for auckland activity and the Olympic squad.

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Didn't Russell Coutts do most on his early sailing DUNEDIN HARBOUR which means he did not get much finial support early on

 

The rest on NZ clubs and grass routes have a genuine gripe it would appear.

 

WHAT'S WRONG WITH THEIR EXISTING OFFICES AND FACILITIES. THE HAVE BEEN SUFFICENT SO FAR.

 

"This fund was also instrumental in assisting to secure an entry by the NZL Sailing Team into the Red Bull Youth Americas Cup in San Francisco in conjunction with Emirates Team New Zealand."

 

Where was the YNZ LOGO ON THAT BOAT. THE RED BULL SERIES DID NOTHING FOR GRASS ROUTE SAILING NATION WIDE AND SHOULD NEVER OFF HAD FUNDS FROM YNZ. IT WAS BASICALL A EMIRATES AIRLINE PROFESSIONAL TEAM PROMOTING RED BULL SODA POP DRINKS.

 

ANSWER PLEASE YNZ

 

OC

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Guest Ketchup

Yip I saw that and thought!... why did YNZ have to pay for that?... are they ETNZ sponsors now?

 

Some how Rehab I don't think the corporate machine that is YNZ will respond!... they have their tails between their leg and are riding the Govt funded junket and don't want to upset the apple cart.

 

What is surprising is the number of yacties that have real issues (who probably have given up with YNZ or SAIL WITHOUT BEING A CLUB MEMBER) on this site that are to gutless to say anything for fear of reprisal or whatever?

 

FFS, thus is your sport / your fleet / your club that is dieng!(or not growing)

 

This is about the future sailors and fleets that will no longer be around.!

 

This is a sport that will have classes that vanish.

 

This about sailor who race having smaller and smaller fleets to sail against.

 

Sailing in NZ has a great tradition that is slowly being eroded away by a body (that is responsible for the sport) failing to prioritise correctly and funding white elephants that have no net effect of growth!!!

 

 

And people here are prepared to say nothing and let these clown run it into the ground while a few get rich of the back of it.

 

At least Rehab and I a prepared to put up a fight!... and with that we can never be blamed for the sports future demise....

 

come on kiwi sailors! Put some effort in to getting YOUR sports governing body accountable and focussed on the real issue (growing numbers not elite academy's for the minority!

 

Post a question!

 

After all this thread can be used as a public record that could be used to hold YNZ accountable in months/years to come.

 

Nothing comes of doing nothing!.. and whatever you do! Do not confront them as a individual!... they love that!

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