New TE PŪRONGO Ā-TAU A HINEURU IWI TRUST · 2020. 3. 4. · iwi register and census data from similar and same sized hapū and iwi groupings to determine our population projections

TE PŪRONGO Ā-TAU A

HINEURU IWI TRUST

ANNUAL REPORT

2019

ANNUAL GENERAL MEETING

Time 12:00pm

Date 30 November 2019

Venue TeHārotoMarae,TeHāroto

AGENDA

1. Apologies

2. WelcomeandopeningaddressbyChair

3. Apologies

4. PresentationofAnnualReport

5. CommercialReport

6. FinancialStatements

7. AppointmentofAuditor

8. GeneralBusiness

9. CloseofMeeting

Ka tipu, Ka ora, Ka rea. We grow, We thrive, We prosper.

OUR VISION

HINEURU IWI TRUST | ANNUAL REPORT 2019

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Kia rangatira ai te iwi

Rejuvenate our Hineuru people

OUR MISSION


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CONTENTS

HineuruIwiTrustAGM 2

OurVision 2

OurMission 4

Chairman’sReport 6

ChiefExecutive’sReport 8

TeTaiao–Environment 9

TeAhurea–HineuruSocialand CulturalDevelopment 12

TePakihi–CommercialDevelopment 14

FocusAreas2019 18

Schedule1– DetailsofHineuruAnnualReport 21

HineuruIwiTrust 21

TrusteeRemuneration 21

ConstitutionalAmendments 21

Schedule2– AnnualBusinessPlanSummary2018-2019 25

1.Introduction 25

2.ProposedActivitiesandPriorities 25

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TE TAIAO – ENVIRONMENT


Duringthisperiod,wehavecontinuedtobuildonthefoundationsofouriwistructurewhiledeliveringthesocial,culturalandcommercialaspirationsofourwhānau.AsnotedinourpreviousAnnualReport,wehavedesignedannualplansforthenexttwoyearswhichhasbeeninformedbytheviewsofrangatahiandwhānauduringtheratificationofourTreatysettlement.

IthasbeenalongandcontinuingjourneywhichhasnotbeenpossiblewithoutthesupportIhavereceivedamongstHineuru,fromourTreatysettlementinthebeginning,toWaitangiTribunalproceedingstosettlementnegotiationsandalsointhepost-settlementspace.Thankyouall.

ThisAnnualReportisforthe12-monthperiodfrom1July2018to1June2019.Iwanttosharesomeofthehighlightsofthepastyearbelow.

Development opportunities - joint venture with Cherri Global LimitedOneofthekeymilestonesoverthepastyearwasbuildingacommercialfoundationandleveragingourassetstocreateinternationalexport

opportunitiesforourpeople.Wehavemadeourlargestinvestmentthisyear,valuedover$9.3million,withthepurchaseofthreecherryorchardsintheHawkesBayregion.

WehaveenteredintoajointventurewithCherriGlobalLimited(foundedbythefounderofRockitApple,PhilAlison)togrow,harvest,packageandmarketourHineurucherriesoverseas.Wehavealso,throughourWorkforceTrainingandDevelopmentProgramme,beenabletoutiliseourownHineurumemberstoworkonourlandblock.WeareprogressingaProvincialGrowthFundapplicationtohelpustofundthedevelopmentofthelandblock.

Diversification - Forest Planting at Hineuru StationWehavecompletedtheplantingofaninitial100-hectareforestatHineuruStation,withourpartnersandforestmanagers,PFOlsen.Thishasbeeninanefforttodiversifyourpropertyassetbaseandtoensurethatwehavemultipleincomestreamsacrossourphysicalassets.Weexpectfurtherdiversificationtocontinue.

CHAIRMAN’S REPORT

Ko Titiokura te maungaKo Mohaka te awaKo Mataatua te wakaKo Te Haroto te MaraeKo Hineuru te iwiTēnā tātou te iwi o Hineuru!

I am delighted to present the fourth Annual Report for Hineuru Iwi Trust. It has been a busy and productive year for Hineuru over the past 12 months. This Annual Report sets out the progress we have made as an iwi over the past financial year.

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Tackling Hard Issues - Te Ākinga Ture: Wills and Testaments ProgrammeWealsolaunched‘TeĀkingaTure’,awillsandtestamentsprogrammeundertakeninpartnershipwiththeHawkesBayCommunityLawCentreandMorrisonKent.AspartoftheprogrammewedraftedwillsandtestamentsforourHineurukaumātuaorkuiafreeofcharge.Theytoldustheydonotwanttoleaveawhawhaifortheirwhānauwhentheypassaway. WewillbecontinuingthisprogrammenextyearwithAutomio,anautomatedwills,testamentsandpowersofattorneyservicethatwillbeavailabletoallofouriwimembers.

Employment & Supporting Young People - Hineuru Workforce ProgrammeOurrangatahiareourfuture.Oursocialindicatorsreporttoldusthatourrangatahimakeupthemostofouriwiwithover50%ofouriwiunder30yearsofage.Wehaveayouthfuliwiandourfocusmustbeonsupportingthemaswellasourpeoplenow.Partofthisistotargetscholarshipstoouryoungpeople.Ourscholarshipshavebeenupandrunningseveralyearsnowandarefullysubscribed. Partofthisisalsotolookforemploymentopportunitiesforfutureskills,training&development.Wehavesoughttoidentify&placeourHineuruinworktomanageourownassetsthroughourHineuruWorkforceProgramme.ThishasincludedtheidentificationofmanyindividualswhoareactivelyseekingemploymentorarecurrentlyreceivingsupportfromWorkandIncomebutwanttoexpandtheirskills.

Wānanga Reo and TikangaWehavehadseveralwānangareotosupporttheculturaldevelopmentofouriwi.Wehavebeenveryencouragedbythelevelofuptakeandtherealinterestshownparticularlybyouryoungpeople.WānangahavebeenpartofourHineuruReoStrategyandwehavebeenworkinghardtoprogressourculturalaspirationsandplan.WehavealsohadtheHineuruLeadershipSummitinJanuary,whichhasbeendirectedatouryoungpeopleandtheirleadershipdevelopmentpotential.Weareveryproudofallofthemandareveryhopefulforthefutureofouriwi.

IwishtotakethistimetothankourTrusteesfortheirhardworkandcontinuedsupport.Wearestillfindingourway.Thechallengeswefaceareonlyovercomebyusworkingprogressivelytogether.ThankyoutoallofourkaimahiandthosewhohavebeenworkingtirelesslybehindthescenesforHineuru.ThankyoutoTaiAhuwhohasworkedoverandaboveonmanyoccasionstoensurethemahiiscompleted.

MaiHineuru,mōHineuru

TuhuiaoKahukiwa

Chairman

“We have had several wānanga reo to support the cultural development of our

iwi. We have been very encouraged by the level of uptake and the real interest shown

particularly by our young people.”

ForestplantingonHineuruStationinSeptember2019

ForestplantingonHineuruStationinSeptember2019

ThesingingattheexecutionceremonyforTeĀkingaTure

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TE TAIAO – ENVIRONMENT

Fromeconomicandcommercialdevelopmentinhorticulture,forestry,commercialproperty,torestoringtheenvironmentandtacklingsomeimportantsocialandemploymentissuesfacedbyourpeople.

Firstly,IwanttoacknowledgeTuhuiaoKahukiwa,whoseleadershipandvisionforHineuruhasbeencriticalandremainsacorepartofeverythingwedo.Eterangatira,tēnākoe. Secondly,IwanttothankourInvestmentCommittee,inparticularTraciHoupapaandCraigBarrett,for

theircontinuedsupportofourcollectiveaspiration.Finally,tothetrustees–thankyouforyourtrustandconfidence.

Wesetaveryambitiousstrategicdocumentwithfive-yearoutcomesthatrequiredalotofworkandeffort.InFebruary2017ourtrusteesapprovedtheAnnualPlanfortheyearandtheassociatedbudgetssothatwehadaclearvisionandclearviewonwherewearegoingandhowwewillachievetheoutcomesnecessarytokeepHineurumovingforward.

CHIEF EXECUTIVE’S REPORT

Tēnā tātou katoa, Tenei te mihi ki a tātou katoa e whāiti nei ki runga i te karanga o te iwi o Hineuru. This is my second and final Annual Report for Hineuru. In my finishing the role as Chief Executive, I am extremely proud of everything Hineuru has achieved over the past year, and indeed over the past 3 years since we received our Treaty settlement.

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OverthepastyearwehavecontinuedtoprogresstheenvironmentalworkprogrammeforHineuruandbuilduponthevisioninourTreatysettlement.WehavebeenactiveinrepresentingHineuruonvariousforums,includingtheRangitaikiRiverForum,theRegionalPlanningCommittee,andPouTiriaooTane,andalsomanagingourrelationshipswithcentralandlocalgovernmentandstakeholders.

Department of ConservationWehaveheldourinitialplanningmeetingwiththeDepartmentofConservationthisyearunderourKawenata.TheKawenataisanagreementinourTreatysettlement,wherebytheCrown,throughtheDepartmentofConservation,agreedtoactivelyworkinpartnershipwithHineuruoverDepartmentofConservationlandintherohe. OneoftheprinciplesistorecognisethemanaofHineuruandtheirinterestin,andspecialrelationshipwith,conservationland.

DOChasagreedtosupportHineuruwiththeCulturalMaterialsPlan,which

willprovidefortheabilityofwhānau,hapūandiwitoexercisekaitiakitangabysettingoutanagreedprocessfortakingtheplantandmaterialsandplansfromDoCland.

DOChasalsoprovidedfundingtoprogresstheCulturalMaterialsPlanandalsofundingtohelpestablishourHineurunursery.WearealsoprogressingcollatingyourviewsontheConservationManagementStrategywhichisduetobereviewedthisyearandistobereleasedtoiwiforconsideration.

Local GovernmentOurrelationshipswithlocalgovernmentcontinuetodevelopasweworkthroughissuestogether.RecentlywehavebeenprogressingthroughtheRegionalPlanningCommitteeHineuru’sparticipationonPlanChange7:outstandingnaturalwaterbodies.ThisensuresthatinadditiontothewaterbodiesincludedandprotectedaspartofourHineuruDeedofSettlement,thatfurtherriversthatarespirituallyimportanttousareincluded.

TE TAIAO Environment

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Ifourvaluesinrelationtotheseriversareaccepted,thentheconsentingauthoritymusthaveregardtothosevaluesintheirdecisionmaking.Wehavealsofedintothedecision-makingofcouncilsonvariousmattersoverthepastyear.

WehavealsobeenactiveonPouTiriaooTāne,andwereabletohostHineuru’sownHīkoiTūtuki.Thisinvolvedtakingseveralofourkaumātua,kuiaandrangatahiaroundvariousHineuruculturalsites,includingTePūrotu,MōhakaRiver,Titiōkura,WaiparatīandalsoTeHārotoMarae.

Rangitaiki River ForumTheRangitaikiRiverForumwasestablishedbywayoflegislationasaresponsetooursettlementtoensuremanawhenuaco-operationwiththeBayofPlentyRegionalCouncilonthemaintenanceandhealthoftheriver.Thepurposeoftheforumistoprotectthecultural,environmentalandspiritualhealthoftheRangitāikiriverforfuturegenerations.ItincludesrepresentationfromNgātiManawa,NgātiWhare,NgātiTuwharetoa,NgātiAwa,Tūhoeandseveralcouncils.Theforumhasbeenfocusedonvariousissuesthispastyear,includingglasseelresearchalongtheawa,andfloodinganddrainageissuesrelatedtotheKopurikiRoadbridge.


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“Our relationships with local government continue to develop as we work through

issues together.”

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TheexecutionceremonyforTeĀkingaTure

TeĀkingaTure–Hineuru’swills&testamentsprogramme

Intermsofsocialandculturaldevelopment,weareledbythesocialindicatorsreportthatwascommissionedbyHineuruandcompletedbyProfessorTahuKukutaiandDrAramaRataoftheUniversityofWaikato.Thereportusedouriwiregisterandcensusdatafromsimilarandsamesizedhapūandiwigroupingstodetermineourpopulationprojections. ThereportconcludedthatHineuruiwiislikelytodoubleinsizeinthenext20yearsbasedonthecurrentiwiregister.Critically,thereportnotedthatouriwiisayoungiwi,with50%ofouriwimembersbeingundertheageof30yearsold.Belowaresomeoftheinitiativesthathavebeenprogressed.

Te Kāhui Kaumātua o HineuruWeprogressedtheestablishmentoftheKāhuiKaumātuabasedonconsultationwithourkaumātuaandkuiainbothRotoruaandNapier.TheKāhuiKaumātuahashadthreemeetingssofarandtheroleoftheKāhuiKaumātuaisto:

• AdviseonaspectsoftikangaandkawaforHineuru;

• Provideakaumātuaandkuiaperspectiveontheannualplan,5yearplanandfuturestrategyanddirectionofHineuru;

• ProvideadviceonissuesrelatedtoHineuruprojects;

• ParticipateorprovideaviewonwānangaforreoandtikangaforHineuru;

• Makingdecisionsoneligibilityforiwimembership;

• OthermattersasdeterminedbytheTrusteesonacasebycasebasis.

TheKāhuiisacriticalpartofinformingthetrusteesoftikangaandkawa,andinthedevelopmentofHineuru’sannualandstrategicplanning.Kingākuiamengākaumātua,kiaorakoutoukatoa!

Te Akinga TureThisyearwecompletedthefirstphaseofTeĀkingaTure–Hineuru’sLegalEducationProgramme.ThiswascompletedinpartnershipwiththeHawkesBayCommunityLawCentreandMorrisonKent.Wewantedtomakesureourbeneficiariesarelookedafterandourneedsarebeingmet.Notjustoursocial,economicandhealthneeds,butalsoensuringourlegalneedsdonotbecomeabarriertowhānauwellbeing.

WeheldourwānangaforWillsandEstatePlanning–‘Don’tLeaveaFightfortheWhānau’,andsuccessfullydraftedandcompletedseveralwillsforourwhānau.ThisyearwehavealsoengagedAutomio,anautomatedwillsandtestamentsservice,tomakewillsandpowersofattorneyeasilyaccessibletoallofouriwimembersfreeofcharge.

Taiohi Ora – Hineuru Leadership SummitTheTaiohiOraHineuruLeadershipProgrammewasheldinJanuarythisyear.Wewelcomed14rangatahitodeveloptheirownleadershipattributesandskills.Someofthekeyactivitiesandoutcomeswere:

• Teambuilding–whatittakestoleadateam

• Thoughtinnovation• Tikangaandkawa• Communication

TE AHUREA Hineuru Social & Cultural Development


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“Our reo strategy aligns to our vision of Hineuru – ka tipu, ka ora, ka rea. We know that if we grow the language, our tikanga will

thrive and our people will prosper.”

• Skillsinplanningandmanagingprojects

Ourrangatahispendfourdaysgettingtounderstandtikanga,kawaandwhatitmeanstobeHineuru.Activitiesincludedwaterrafting,learningaboutculture,theHineuruStationfarmvisit,swimming,physicalexercise,preparingahangi,harakeke/workingwithflax,tuna/eelcatching,writing,listeningandbeingtogether.

Te Reo Strategy ImplementationWehavealsoprogressedourTeReoMāoriStrategywiththesupportofTeMātāwai,forwhichweareverygrateful.OurreostrategyalignstoourvisionofHineurukatipu,kaora,karea.Weknowthatifwegrowthelanguage,ourtikangawillthriveandourpeoplewillprosper.Thereostrategyidentifieskeycomponentsincludingkaupapatohelpbringtheiwibackincludingwānangaaiwiandotherevents.

Aspartofthisstrategy,wehavecommittedtoaHineurupositiontosupportthereoandculturalaspirationsoftheiwiwhichwillincludesupportingtheredevelopmentofourmarae.WehaveasaresultheldseveralwānangareooverthepastyearwhichhavebeenagreatwayforwhānautolearnabouttheirHineurutanga,whakapapa,kōrerotukuihoandbasicsentencestructures.Theaimsareasfollows:

• IncreasingawarenessbyHineurumembersoftereoMāoriandtikangaattheirmarae

• Developmentandprovisionofiwi-basedresourcesspecifictoHineuruwhānau

• ImprovedabilitytoconverseandunderstandtikangaandtereoMāori

• EncouraginguseofMāoriathigherlevelsofproficiencyamongstiwimembers

WehavealsobegundevelopingtheHineuruReoChampionsProject,whereweareidentifyingwhānauwhoareinterestedinlearningHineurureoanddevelopingresourcesforthemtolearntereoMāorifromtheirhome.ThisisbeingledbyTeRangihauGilbert,ourCultureandEnvironmentManager.

Te Reo Resource DevelopmentOverthepastyearwehaveputalotofeffortintodevelopingasuiteoflanguageandculturalresources.Thishasincludedseveralvideos,completedbyArohaTreacher,profilingourkaumātuaandkuiaandcapturingtheirmātaurangaandkōrero.Thesewillalsobeavailableonourrevampedwebsiteandmembers’database.Wehavealsocompletedourmōteateabook,whichwillbeincludedaspartofourtereoMāorioutputsandprojectsforTeMātāwai.

Marae RedevelopmentThisyearweprogressedindicativeplansfortheredevelopmentofTeHārotoMarae.Thiswasprogressedatahuiā-iwiwhereweinvitedallHineurutoattend,provideinputandfeedbackontheindicativeplans.ThiswasdonewiththeinputandsupportofEzraKellyatDesignGroupStapletonElliot(DGSE),andhisteamofdesignersandarchitects.Weareexcitedtoprogressthisprojectin2020,andwewishtothanktheteamatTePuniKōkiriforprovidingfundingthroughOrangaMaraetoprogressthisworkstream.

TaiohiOraoHineuruLeadershipSummit2019

TaiohiOraoHineuruLeadershipSummit2019

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TE PAKIHI Commercial Development

TheMiroteamattheMeihanaKoatadevelopmentblock

PakuratahiandBayviewcherryorchardblocks

The Investment CommitteeOurinvestmentportfolio,ledbytheChairofourInvestmentCommitteeTraciHoupapa,andwiththesupportandcontributionofCraigBarrettandTirohiaBridger,hasperformedstronglyoverthepastfinancialyear.

TheHineuruInvestmentPlanisalignedtothestrategicvisionofHineuru;katipu,kaora,karea–wegrow,wethriveandweprosper.Ourstrategyhasbeencategorisedintothreeassetclasses–katipuassets,kaoraassetsandkareaassets.

The‘katipu’assetsarethosecategorisedasassetsthatprovideayearonyearreturnandsupporttheoperations.‘Kaora’assetsaremid-terminvestmentsandopportunitiesthatprovidereturnsandcapitalin12-18months.‘Karea’assetsarelongerterminvestmentsthatprovidereturnsovera3to5yearperiod.Thefocusforusistomakeinvestmentsineachofthecategoriesandworktogrowandsupportreturnsfromeachassetclass.

Weareactiveinvestorsthatlookforopportunities.Wealsohaveadiversifiedassetbasewithinvestmentsindrystockfarming,forestry,freshwaterkoura,commercialproperty,highvaluehorticulture,landandmanagedfunds.Wediscussthehighlightsofthepastyearinmoredetailbelow.

High Value HorticultureThisyearwemadeoursinglebiggestinvestmentacrossourcommercialportfolio.WepurchasedthreeblockswithintheHawkesBayRegion.TheBayviewandDartmoorblocksare

subjecttobuybackbyCherriGlobalLimitedinfiveyears’time.However,aspartofnegotiationswesecuredtheoutrightpurchaseofWaverleyforaHineuruspecificorcharddevelopment.

WehavealsoprogressedamorestrategicrelationshipwithMiro,acollectiveinvolvingMāoriaroundthecountrytodevelophomegrown,highvaluehorticultureforoverseasexport.Theproduceincludesblueberriesandotherhighvaluecrops.Oneofourdirectors,CraigBarrett,wasrecentlyappointedtotheBoardofMiro.

ForestryWehavealsorecentlycompletedthefirststageofourforestryplantingonHineuruStation,thefarmlandwereceivedaspartofourTreatysettlement.Duringthisfirststageweplantedjustunder100hectaresofforest,whichtookapproximatelytwoweekstocomplete.ThiswasdoneinpartnershipwithPFOlsen,ourForestManagers,whoorganisedourplanterstoundertaketheplantingbeforetheendoftheseason.Wearenowintheprocessofassessingthefurtherplantingareafornextyeartoachievetherightbalancebetweenfarmingdrystockandplantingouttheunproductiveorunderperformingmarginalareasofthefarmland.

AlsointermsofforestrywehavesoughttendersinrelationtothemanagementofEskForest,totallingseveralthousandsofhectares,whichwereceivedunderourTreatysettlement.Ultimately,ourpeoplewantustoownandmanageourassetsratherthanbepassiverecipientsoflandrental.

TreeplantingceremonyatWaverleyorchard


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“We are active investors that look for opportunities. We also have a diversified

asset base with investments in dry stock farming, forestry, freshwater

koura, commercial property, high value horticulture, land and managed funds. ”

ForestplantingatHineuruStationinSeptember2019

ForestplantingatHineuruStationinSeptember2019

Hineuru Cherry Land Development Project and Joint VentureWehavepartneredinthedevelopmentwithCherriGlobalLimited(CGL),aninternationalexporterofpremiumcherries.Wehavesinceundertakenfeasibilitystudiesontheremaining14hectaresoflandandhavedecidedtoproceedwithdevelopingcherryorchardsonthisland.

You can read more about this investment on page 17.

PropertyWehavecontinuedtogrowourpropertyportfolioasHineuru.ThisyearwebecameownersinacommercialpremisesinPalmerstonNorthwithFMG,along-termtenant.Thecapitalgainonthepropertyhasincreasedoverthepastyearto$22.5million. Thisinvestmentgivesusregularreturnsandcashflowthatweneedtofundouroperations,themainlong-termeconomicgainbeingtheupliftincapitalvalue.

WehavealsoinvestedinhousingdevelopmentsinHamiltonthroughapartnershipwithObsidianTahiwhichisbeingprogressedatthemoment.

Other Investments: Paua and Freshwater KouraOverthepastyearwehavecontinuedtoprogressasinvestorsinpāuaoperationsandfreshwaterkoura.Wehaveachievedourresourceconsentforthediggingofupto300kourapondsonourfarm.Wehavenearlyobtainedourfishfarmlicencewhich,oncegranted,willbethefirstfishfarmlicenceforkouraintheNorthIsland.

WehavepartneredstrategicallywithJohnHollowsfromErnslaw,theleadingNewZealandexpertonfreshwaterkouratoensurethatourfreshwaterkouraoperationissuccessful.

Wearealsoassistinginthedevelopmentofanindustrybodyforfreshwaterkourato:

• increaseawarenessandunderstandingoftheopportunitiesforfreshwaterkouraasa‘fledgling’industry;

• establishdomesticandoverseasmarketsforthedistributionandsaleofpremium,highqualityfreshwaterkoura;

• undertakeorcommissionresearchtounderstandtheconditionswhichenablefreshwaterkouratothrive;

• toprovideinputinregulatoryactivitiesthataffectthefreshwaterkouraindustry,includingactivitiesandpoliciesdevelopedbytheDepartmentofConservationandtheMinistryforPrimaryIndustries;

• createlong-termpartnershipswithMāoriandnon-Māorilandownerstoencourageuptakeinfreshwaterkouraactivities;

Finally,wesetoutinthefollowingpages,the2018-19annualplanningmilestonesforHineuruIwiTrustandhowwehaveperformedagainstthosetargets.

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ASSET VALUE (approx)

FarmHineuruStationPukenuiStationLivestockFarmingAssets

$8million$2.765million$1.763million$0.321million

ForestryHineuruForest(treecrop)CarbonCredits

$6.467million$1.487million

Forest LandHineuruForest(land)EskForest


Horticulture LandWaverleyBlockPakuratahi/BayviewblockDartmoorblock

$3.2million$1.55million$4.55million

CashCraigsInvestmentsWestpacTermDeposit


Equity InvestmentsPauaco–ApauacompanyinSouthIslandandAustraliaMiro–AMāoriblueberrycollectiveFMG–Acommercialpremises

$1million$0.16million$3.818million

LoansLoan–PauacoEneform–AcleanenergycompanythatturnswastetyresintobiodieselFMGObsidian–Residentialhousingdevelopment

$1.96million$0.5million$2million$2.83million

ReceivablesTradeandotherreceivables $0.90million

WHAT MAKES UP OUR SETTLEMENT ASSETS?


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Aninvestmentintocherrieswaschosenforanumberofreasons,including:

• Consistency with Hineuru’s investment strategy.HighvaluehorticultureisakeypartofHineuru’sinvestmentportfolioanddevelopmentstrategy;

• Existing water consents.Thelandalreadyhaswaterconsentsinplacetogrowcherries;

• Industry expertise.CGLhasagreedtopartnerwiththeHineurufortheDevelopment.CGLareexpertsintheNewZealandcherryindustryandownanumberofsuccessfulcherrydevelopments;

• Financial return.FeasibilitystudiessuggestthatcherrieswillprovidestrongfinancialreturnstotheHineuru.ThecherryindustryhasbeenidentifiedasanewgrowthindustryinNewZealand;and

• Employment opportunities.ThedevelopmentwillprovideemploymentopportunitiesforHineuruMembers.

How will Hineuru partner with Cherri Global Limited?HineuruandCGLwillenterintoajointventurearrangementtoensuretheprojectprogressesinatimelywayandtherequireddeliveryexpertiseisretained.Thejointventurewillnotowntheland,thelandwillbeownedbyHineuru,howeverthejointventurewillenableashareofprofitbetweenHineuruandCGL.

How will the development be funded?ThelandpurchaseandfeasibilitystudieshavealreadybeenfundedbyHineuruandtheTrustmayneedtoprovidefurtherfundingfortheDevelopment.HineuruhasalsorecentlymadeanapplicationtotheProvincialGrowthFund(PGF)forthedevelopment.

ThefundingfromthePGFwilllikelybeintheformofaloan(althoughsomemaybefundedbywayofagrant)andisconsidereda‘WhenuaMāori’applicationgiventhelandisownedbytheTrust.

ThePGFapplicationrequiressupportfromlandowners,beingthebeneficiariesofHineuru.ThepurposeofthisinformationsheetistoprovideinformationtoHineurumembersabouttheproject,butalsotoseekapprovalforthePGFapplication.

What are the employment opportunities for Hineuru Members?ItisexpectedthattheDevelopmentwillrequirearoundfivefulltimeemployeesinthefirst3-4years,withthisclimbingsteadilytoatotalof26employeesin2028–2029.AspartofourHineuruWorkforceandTrainingDevelopmentprogramme,wehavealreadyemployedthreeofourownpeopleontheblock.

ThedevelopmentwilllooktoemployHineurumemberswhereverpossibleandHineuruwillalsolooktoassistwithtraininganddevelopmentopportunitiesthroughtheHineuruTrainingandDevelopmentProgramme.

Next stepsHineuru,togetherwithCGLhopethatthedevelopmentisoperationalfrom2020,withworkbeingundertakenonthelandinpreparationforthis.HineuruwillnotifyHineurumembersofanysuccessfulPGFapplicationandcontinuetonotifyanyemploymentortrainingopportunities.

Why Cherries?Information on our proposed investment into the Cherry Industry

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ACTION STATUS

Complete12monthAnnualPlanfor2018-19 COMPLETED

Continuouslyidentifyandapplyforexternalsourcesoffundingandresources COMPLETED

Reviewlegalandmanagementstructureandpolicies INPROGRESS

Beginassessmentfordigitalarchiveandwebsiterebuild COMPLETED

Communicationwithiwimembers COMPLETED

CompleteAnnualGeneralMeetingrequirements2018 COMPLETED

ACTION STATUS

Hineurueducationgrantsandscholarships COMPLETED

Developrelationshipswithhighereducationinstitutes INPROGRESS

HineuruLeadershipSummit COMPLETED

TeĀkingaTure COMPLETED

ACTION STATUS

TeReostrategy COMPLETED

VideosandmediaforHineuru COMPLETED

Wānangaaiwi COMPLETED

Tribalregisteroftereospeakers INPROGRESS

Hineururesourcesforchildrenandwhānau COMPLETED

Hineuruwaiatarecording COMPLETED

Hineurubookunderway INPROGRESS

TeHarotoMaraeindicativeplans COMPLETED

SupportdevelopmentoftereoMāoriresources COMPLETED

FOCUS AREA 1: HINEURU IWI TRUST

FOCUS AREA 3: EDUCATION AND DEVELOPMENT

FOCUS AREA 2: CULTURE AND HISTORY


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ACTION STATUS

CompleteSocialIndicatorsreport COMPLETED

DevelopmentofpartnershipswithDHBsinHB,TPOandBOP INPROGRESS

Hauoraday INPROGRESS

ACTION STATUS

BegindevelopmentofanIwiEnvironmentalManagementPlan COMPLETED

Seekcollaborativeresearchopportunitiesfortheenvironment COMPLETED

IwiConservationStrategy INPROGRESS

ImplementTeKawenatawithDOC INPROGRESS

CompleteLandcareReport COMPLETED

ACTION STATUS

Generatingregularincome COMPLETED

Receiveandinvestsettlementfunds COMPLETED

InvestmentPlan COMPLETED

Freshwaterkouraproject INPROGRESS

ACTION STATUS

InitiateHineurupouwhenuaproject TOBEGIN

BeginMaraedevelopmentinvestigation COMPLETED

Renewableenergyproject COMPLETED

DeveloprelationshipswithotherIwi COMPLETED

FOCUS AREA 4: HEALTH AND SOCIAL DEVELOPMENT

FOCUS AREA 5: OUR ENVIRONMENT

FOCUS AREA 6: ECONOMIC

FOCUS AREA 7: AHIKAA

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Our iwi register has grown from

2,293 to 2,661 people in the past year

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SCHEDULE 1 –DETAILS OF HINEURU ANNUAL REPORTHineuru Iwi Trust – Trust Deed Requirements for the Annual report: Schedule 6, paragraph 3

REQUIREMENT LOCATION

Comparison of the Trust’s performance against the annual plan

ThisisprovidedintheChiefExecutive’sReport.TheAnnualPlanfor2018-19isonthewebsiteandasummaryprovidedinthisreport.

Balance sheet and income and expenditure statements, including details of trustee remuneration

Balancesheetsandincomeandexpenditurestatementsareincludedbelow.Auditedfinancialstatementswillbesenttoanymemberwhorequestsacopy.Seebelowforinformationontrustees’remuneration

Steps taken to increase registered members Seebelow

Details of settlement quota (if any) Notapplicableatpresenttime

Fisheries matters Notapplicableatpresenttime

Changes made to the constitutional documents of the Trust or Trust Entities

Twochangeshavebeenmadeandvotedonbyiwi.

BALANCE SHEET AND INCOME AND EXPENDITURE STATEMENTSIwi RegisterInthepastyear,wehavehadanumberofiwiregisterapplicationsaspartofouriwiwānangaandscholarshipsprogramme.Ouriwiregisterhasgrownfrom2,293to2661peopleinthepastyear.Thishasresultedfromthesettlementandinpartfromthescholarships.

Trustee RemunerationWearerequiredtoseekexternaladvicewhensettingtheremunerationofTrustees.ExternaladvicewassoughtbyGrantThorntoninOctoberlastyear.GrantThorntonaretherecommendedspecialistsforadviceonappropriatelevelsfortrusteeremuneration.Afterreceivingthisadvice,theTrusteesdeterminedtomakeanincreaseinremunerationtoreflectthegrowingoperationsofHineuruandincreaseinexpectedworkload.ThisremunerationalsocoversanyremunerationentitlementasatrusteeofHineuruCharitableTrustandthereforetherewastobenoadditionaltrusteeremunerationforanyappointmenttotheHineuruCharitableTrust.

Remuneration LevelsPosition Recommended Final Remuneration Range (each)

Chairman $30,000–$35,000 $28,000perannumDeputy Chairman $21,000–$24,000 $16,000perannumTrustees $15,000–$17,500 $12,000perannum

Constitutional AmendmentsTwonewtrustdeedamendmentswereapprovedbyiwimemberstoallowHITtomakedistributionstoHCT,therebyallowingHCTtoutiliserefundableMāoriauthoritytaxcreditsaccumulatedbyHIT,andalsotoensurethatoutgoingtrusteetermsexpireatthesametimeastheappointmentofnewtrustees.Thisistoensurethatduringanelectionyearthereisnoperiodoftimewheretherearenotrusteesareinplace.Thetrustdeedamendmentswereapproved.SpecialResolution1wasapprovedby91.05%andSpecialResolution2approvedby93.39%.Thetotalvoterturnoutwas14.59%(257votes).

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CONSOLIDATED STATEMENT OF COMPREHENSIVE REVENUE AND EXPENSES (FOR THE PERIOD ENDED 30 JUNE 2019)

201912 months

$

201815 months

$

Revenue from exchange transactionsProgramefundingIncomefromfarmingoperationsInvestmentandinterestincomeLeaseandrentalincomeNetfairvaluegain/(loss)onforestryassetsShareofincomefromequityaccountedinvestmentearningsOtheroperatingincomeTOTAL REVENUE FROM EXCHANGE TRANSACTIONS

TOTAL REVENUE

135,0101,246,7401,866,620437,696279,554897,74869,100

4,932,468

4,932,468

95,8511,825,2342,272,228257,208

2,043,732-

49,5246,543,778

6,543,778

Expenses Accounting&advisoryservicefeesAuditfeesAdministrationcostsProgrammeExpensesLivestockExpenseDepreciationexpenseDirectorsfees&expensesEmploymentbenefitexpensesKohaexpenseLegalexpensesProfessional&consultancyfeesScholarshipspaidShareofMiroLimitedPartnershipdeficitTrusteefees&expensesOtherexpenses TOTAL EXPENSES

Surplus/(deficit) for the period before income tax

Incometaxexpense/(income)

Surplus/(deficit) for the period

71,56936,00064,086

--597,33554,337

116,320424,440

1,36054,204

274,78326,40082,990

110,131894,787

2,808,743

2,123,725

264,912

1,858,813

55,59915,97542,087

175,532944,46939,452

113,971375,99410,50046,637

329,47250,60867,923

102,597765,938

3,136,753

3,407,025

455,485

2,951,540

Other comprehensive revenue and expenses Netfairvaluegain/(loss)oncarboncreditsNetfairvaluegain/(loss)onforestrylandNetfairvaluegain/(loss)onfarmland

Total comprehensive revenue and expenses

163,456710,000

1,023,075

3,755,344

192,2483,098,0003,952,002

10,193,790


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CONSOLIDATED STATEMENT OF COMPREHENSIVE REVENUE AND EXPENSES (FOR THE PERIOD ENDED 30 JUNE 2019)

201912 months

$

201815 months

$

ASSETSCurrent AssetsCashandcashequivalentsShortterminvestmentsTradeandotherreceivablesRelatedpartyadvancesLoanreceivablesIncometaxreceivableLivestockTotal current assets

3,911,294-

639,77833,233

7,292,11133,371

1,762,69613,639,249

2,663,9443,009,242216,61233,233

2,811,180101,5491,671,556

10,474.083

Non-current assetsProperty,plantandequipmentForestryassetsIntangibleassetsInvestmentsTotal non-current assets

Total assets

28,728,8406,467,0001,487,249

17,133,12053,816,208

67,455,457

17,632,7376,032,0001,323,793

27,856,05452,844,584

63,318,666

LIABILITIESCurrent liabilities TradeandotherpayablesIncomeinadvanceTotal current liabilities

484,34580,167

564,512

178,93680,167

259,103

Non-current liabilities DeferredtaxliabilityTotal non-current liabilities

TOTAL LIABILITIES

614,364614,364

1,178,876

538,326538,326

797,429

NET ASSETS

NET ASSETS COMPRISE OF: TreatysettlementproceedsRetainedearningsAssetrevaluationreserve

TOTAL EQUITY

66,276,581

51,874,9524,997,4539,404,176

66,276,581

62,521,237

51,874,9523,138,6407,507,646

62,521,237

23

CONSOLIDATED STATEMENT OF CASH FLOWS(FOR THE PERIOD ENDED 30 JUNE 2019)

201912 months

$

201815 months

$

Cash flows from operating activitiesCash was received from:Receiptsfromnon-exchangetransactionsReceiptsfromexchangetransactionsNetinterestreceivedNetdividendsreceivedNetPIEincomereceivedIncometaxrefundsreceivedNet GST received

-2,065,188264,936200,565568,455

-20,796

-1,522,249698,29188,024

255,361101,245124,122

Cash was applied to:PaymentstosuppliersPaymentstoemployeesScholarshipspaidInterestpaidIncometaxpaidKohapaid(1,360)(10,500)NetGSTpaid

NET CASH FLOWS FROM OPERATING ACTIVITIES

(1,580,949)(412,122)(26,400)

-28,880(1,360)

-

67,455,457

(2,369,722)(364,110)(50,608)

(158)-

(10,500)-

63,318,666

Cash flows from investing activitiesCash was received from:ReceiptsfromthesaleofinvestmentsFundswithdrawnfromtermdeposits

Cash was applied to:Paymentstoacquireproperty,plantandequipmentPaymentstoacquireforestryassetsPaymentstoacquireinvestmentsLoansadvancedtootherpartiesFundsinvestedintermdeposits

Net cash flows from investing activities

15,581,5503,009,242

(9,417,365)(155,446)

(4,823,156)(4,075,465)

-

119,361

-4,990,758

(2,520,706)(150,268)

(16,741,683)(2,758,180)

-

(17,180,079)

Cash flows from financing activitiesCash was received from:AdvancesrepaidbyrelatedpartiesTreatysettlementfundsreceived

Net cash flows from financing activities

--

-

120,699185,000

305,699

Net increase / (decrease) in cashAdd cash at beginning of periodEquals cash at end of period

This is represented by:Cashandcashequivalents

1,247,3502,663,9443,911,294

3,911,294

(16,880,187)19,544,1312 ,663,944

2,663,944


24

SCHEDULE 2 –ANNUAL BUSINESS PLAN SUMMARY2019-20201. Introduction1.1 ThisdocumentsetsouttheAnnualBusinessPlansummaryforHineuruIwiTrustforthenext12months(from1July

2019to30June2020).Inparticular,itsetsoutourfocusareasandourkeyobjectives.1.2 Thetablebelowsetsoutoursevenfocusareasforthenext12-18monthsuntilthecompletionofthesettlementand

thefirstelectionofTrusteesfortheTrust.

FOCUS AREA EXPLANATION

Objective 1: Hineuru Iwi Trust (Governance)

Establishment and Internal infrastructure is about building the proper systems, the foundations of the Hineuru settlement to ensure that Hineuru Iwi Trust is functioning properly to be able to deliver in the future. Internal infrastructure is still needed for development in this next year

Objective 2: Culture and History

Culture and History is about telling our stories, building our cultural identity so that our people feel Hineuru, and be confident in their identity as Hineuru.

Objective 3: Education and Iwi Development

Education and Iwi Development is about building our people through education and leadership development, and ensuring Hineuru leads the education of Hineuru people through effective collaboration with education institutes and advocating for the inclusion of Hineuru history in the NZ curriculum.

Objective 4: Health / Social Development

Health / Social Development is about being a conduit for our people to access good health and to empower our people to better lifestyles. Happy whānau and happy homes are important to Hineuru as well as our physical, mental and spiritual health.

Objective 5: Our Environment (Taiao)

Our Environment is about caring for our environment today for our future generations tomorrow. It is about educating our own as well as others about our environment and to advocate for the health of the environment so that we may continue to connect, understand and be involved in our environment.

Objective 6: Economic

Economic is about growing our asset base to help further our social, cultural and environmental aspirations as an iwi. We must grow our assets prudently and be creative in wealth creation for Hineuru.

Objective 7: Ahikaa

Ahikaa is about our Hineuru identity and being visible in and outside of our rohe. This is about our relationship with our land and how we maintain and reconnect our people to our whenua, to Te Haroto and our awa in the Hineuru rohe.

2 Proposed Activities and Priorities2.1 WesetbelowthecurrentprioritiesasdeterminedbytheTrusteesofHineuruIwiTrust.

AfullcopyoftheAnnualPlanisonourwebsite:www.ngatihineuru.com

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FOCUS AREA KEY OBJECTIVES

Governance • Develop5YearStrategicPlan(2020–2025)• Complete12monthplan• Growtheexternalsourcesoffundingandresourcestodeliverourobjectives• Reviewlegalandmanagementstructureandpolicies• TrainingandsuccessionplanforTrusteesandprospectivegovernors• Continuouscommunicationwithiwimembers• CompleteAnnualGeneralMeetingrequirements

Culture and History • Hineurubookcomplete(ProfRichardBoastauthor)• Continuewānangaāiwi• ImplementationofHineuruReoPlan• Hineururesourcesforchildrenandwhānau• Hineuruwaiatafoundandbeginrecording• Hineurukurareo

Education and Iwi Development • Continueeducationgrantsandscholarshipsbutrevisecriteria• Strengthenrelationshipswithhighereducationinstitutes• Hineuruindustryleadershipandnetworks• DevelopaHineurumetricsystemformeasuringinitiatives• ProgressTeĀkingaTuretoalliwimembers

Health / Social Development • Progressiwihauora• Strategicrelationshipwithtaiwhenua• AssessandfeasibilityforHineururongoacentre

Our Environment • Kawenataengagement• Environmentalinnovationandstrategicrelationships• IwiConservationStrategydeveloped• IwiEnvironmentalManagementPlanfinalised

Economic • Hineurufinancialliteracyopportunitiesfoundandinitiated• Hineurukouraprojectfullyestablished• ReviewofSIPOcomplete

Ahikaa • Hineurupouwhenuaestablished• Renewableandsustainableenergy• Stocktakeofiwiskillsdatabasebegun• Developrelationshipswithotheriwi


26

Documents

New TE PŪRONGO Ā-TAU A HINEURU IWI TRUST · 2020. 3. 4. · iwi register and census data from similar and same sized hapū and iwi groupings to determine our population projections