OUR SPONSORS: CONTENTS FROM THE CHAIRMAN1 FROM THE CHIEF EXECUTIVE 2 VISION AND FOCUS3 KEY ACHIEVEMENTS5 TRUSTEES12 TEAM13 FINANCIAL REPORT DIRECTORY14 AUDIT REPORT15 STATEMENT OF FINANCIAL PERFORMANCE 16 STATEMENT OF FINANCIAL POSITION 17 NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS 18 FROM THE CHAIRMAN: FROM THE CHIEF EXECUTIVE It has been a year of considerable growth for Smart Waikato as we celebrate our fifth year of operation. It has been a period of improved alliances for educators, employers and other Waikato stakeholders working together to combat youth employment and meet the skill demands of a growing region. Nationally it has remained a challenging environment for young people. Alarming global and local youth unemployment statistics have inspired a raft of activity for Smart Waikato in a year of positive and proactive response where it matters most. Smart Waikato is in a positive financial position through prudent management and the success of our focused activities. Sustaining this sound financial platform is essential and could not have been done without our sponsors. Their invaluable assistance has enabled us to sustain our growth and diversity of programmes. Smart Waikato’s development of innovative resources and the mobilisation of a broad range of labour market stakeholders make for a brighter future for our youth. We are grateful for growing support and recognition from a diverse range of stakeholders; from funders, volunteers and local and central government, to employers, parents and educators. The first and second issues of the Futureforce™ magazine are professional resources which captured the youth market effectively. They have been well received by secondary school students and careers teachers. With stories of the region’s young people in work and tips to becoming work ready, feedback has surpassed expectations. The successful launch of Futureforce™ Action Network (FAN) at the end of last year brought together more than 200 key people, from both social and economic sectors - a testament to the trust’s “coming of age”. We have grown to be widely recognised as playing a key role in resolving labour market challenges in the Waikato. The subsequent launch of the trust’s Futureforce™ Action Network (FAN) heralded a new way forward for all stakeholders committed to offering more meaningful work opportunities to young people. Regional employers at the launch represented more than 25,000 jobs, demonstrating wide-spread commitment to improving the pathways to employment for school leavers. The development of the FAN Quick Guide and on-line best practice HR tools made robust resources freely available to every Waikato business owner and manager. Following the FAN launch, a strategic planning meeting involving more than 30 key stakeholders cultivated high-level skill and expertise to sharpen, validate and pledge support for Smart Waikato’s labour and skills strategies moving forward. Entrepreneurship plays an ever-increasing role in job creation and economic growth, with the Smart Waikato’s implementation of the Lion Foundation Young Enterprise Scheme being a corner stone activity for hundreds of Waikato secondary schools students and future business leaders. Smart Waikato’s governance capacity has been strengthened. I would like to acknowledge all board members for their many and varied contributions. On behalf of the board, I would like to thank Mary Jensen and her team of Sally Birch and Linda Nelson-Caie for their commitment to Smart Waikato and for being an active part in leading the implementation of this work. The team’s tireless energy and collaboration under Mary’s leadership have been the key elements of Smart Waikato Trust’s success. 1 As a team at Smart Waikato Trust we are driven and excited by the opportunity to make a real difference. I would like to take this opportunity to thank trustees Clive Hamill, Roger Evans, Michelle Paki and Kylie Zinsli for their goodwill and support. I would especially like to thank Sally Birch, Linda Nelson Caie and Binh Nguyen for their expert and enthusiastic contribution to this important work. It is a privilege to be leading an organisation where each team member and each supporter is committed to a common cause - forging successful and sustainable futures for rangitahi and, ultimately, for us all. MARY JENSEN Regional Manager Smart Waikato Trust SMARTWAIKATO TRUST 2014 ANNUAL REPORT SMARTWAIKATO TRUST 2014 ANNUAL REPORT Smart Waikato received an overwhelming response to a strategic focus hui, a further example of region-wide collaboration and support for our work. Smart Waikato’s NEET-to-employment model was the basis of a bid for a Ministry of Health Social Impact Bond. The model provides a solid framework for the trust’s social sector work moving forward. For our youth, two issues of Futureforce™ Waikato magazine have been created and distributed free to the region’s senior secondary students. They are packed with practical career information from Waikato employers and young employees. They have been well received by students, parents and teachers, who appreciate local content outlining where real jobs are in the region and tips on how to get them. 2 CLIVE HAMILL Chairman Smart Waikato Trust VISION AND FOCUS For Waikato youth, business and education to be connected, informed and engaged in forging a successful, sustainable future for us all. “Smart Waikato has completed the strategic The Smart Waikato Charitable Trust was formed in 2009 to create and strengthen links between education and the workplace. grass-roots projects. They are an independent Creating sustainable and fulfilling work opportunities for young people by developing partnerships with key stakeholders; schools, tertiary institutions, employers, industry training organisations, parents and local and central government is a key focus for Smart Waikato. better aligning and engaging all stakeholders The objective is to create opportunities for practical workplace engagement for young people and simultaneously develop the skill base needed for the Waikato economy to prosper. Smart Waikato aims to be the New Zealand model for connectedness between education and the workplace by inspiring and empowering stakeholders with a number of proactive and community-engaging initiatives such as: • • • • • • groundwork and is working on very successful organisation already leading the way to in this space.” JOHN COOK Waikato Regional Economic Development Strategy Governance Group member. Futureforce™ Action Network (FAN) Smart Waikato’s NEET-to-Employment model Waikato’s Regional Labour Market Strategy Futureforce™ Waikato magazine FAN on-line resources and quick guide Lion Foundation Young Enterprise Scheme “Since meeting with Smart Waikato we have been very impressed at the trust’s professionalism, commitment, high quality resources and proven ability to connect with young people and business. As such we will be promoting Smart Waikato to our members as a valuable community resource and coordinator of services.” SMARTWAIKATO TRUST 2014 ANNUAL REPORT SMARTWAIKATO TRUST 2014 ANNUAL REPORT 3 Bry Kopu, CE, Mayors Taskforce for Jobs. 4 KEY ACHIEVEMENTS FAN LAUNCH OUTCOMES FutureForce™ Action Network (FAN) More than 200 people, including a contingent of employers representing more than 25,000 staff, attended Smart Waikato’s launch of the FutureForce Action Network (FAN) at the Gallagher Group building in Hamilton on November 4, 2013. FAN, developed in consultation with 30 regional labour market stakeholders, is designed to equip and inspire employers to take on more young people. The freeto-join network mobilises, co-ordinates, unites and equips employers, educators, and government and community organisations to offer young people more work experience, apprenticeships, internships, cadetships and jobs. FAN aims to build and grow the region’s workforce by connecting stakeholders and providing best practice work-transition support and resources. At the launch Smart Waikato received 41 direct responses from businesses wanting assistance with developing opportunities for youth. Following the launch, these organisations use FAN resources when offering work opportunities, ranging from cadetships, apprenticeships, internships and jobs to work experience, to young people: Active Plastics, ASB Bank, Confidence & Style Image Consultancy, CTC Aviation, Fairfax Media, Gallagher Group, LIC, Life Care Consultants, Longveld, NDA Engineering, The Phoenix Group, Trev’s Electrical, Vodafone, Waikato Enterprise Agency and Waikato-Tainui. FutureForce Action Network Steering Group Those attending the launch were given a FAN Quick Guide, an HR tool developed to help employers successfully recruit young people into work experience, internships, apprenticeships, cadetships and jobs. The guide was developed using best practice based on results from an in-depth body of background work including a global literature search and interviews with Waikato employers, central and local government agencies, schools and tertiary education institutions. FAN Quick Guide links to a robust suite of on-line resources, including relevant regional contacts and support networks, and is given free to employers. Brendon Gardner, Team Leader, Careers New Zealand SMARTWAIKATO TRUST 2014 ANNUAL REPORT SMARTWAIKATO TRUST 2014 ANNUAL REPORT 5 Resources “The highly successful launch of the Futureforce Action Network and related resources highlights the excellent capacity, ability and collaborative approach of the Smart Waikato Trust to deliver on regional labour market solutions.” 6 SMART WAIKATO’S NEET-TO-EMPLOYMENT MODEL FUTUREFORCE™ WAIKATO MAGAZINE FutureForce™ magazine, and parallel social media, is designed to give Waikato youth, their parents and teachers real, impartial and practical information on careers in the region. In the first and second issues, proactive Waikato employers with tens of thousands of staff profiled young employees working in a wide range of roles from entry-level jobs to professional careers. FutureForce™, including FutureForce™ characters representing industry sectors, is a self-funding project giving the reader tools and tips for career planning, real stories about young working people, leads and information on great Waikato workplaces, keys to selling oneself in a competitive world and more. Smart Waikato co-ordinated a regional bid for a Social Impact Bond from Government and the development of the NEET-to-Employment model (NEET = not in employment, education or training). “I have taken the FutureForce™ magazines and shown my national exec and they were all impressed and wanted one for themselves!! They are very useful!” – Jane Thomas, regional CATE President (Careers and Transition Educators) to ses o pasaitom ces! ble en W D o us o m e e x p e r i a w et u r e s en Adv s snapshot industry - Waikato s profiles enticeship - People and appr tips - Real jobs ning info and plan - Career IDE… MORE INS SMARTWAIKATO TRUST 2014 ANNUAL REPORT ! ook today o on Faceb eForce Waikat eWaikato Join Futur k.com/Futureforc www.faceboo SMARTWAIKATO TRUST 2014 ANNUAL REPORT 7 Smart Waikato received letters of support for the bid from the Chairperson of Waikato Regional Council, Mayor of Hauraki District Council, Mayor of Hamilton City Council, Mayor of Waitomo District Council, Mayor of Otorohanga District, Mayor of Matamata-Piako District Council, CEO of Mayor’s Taskforce for Jobs, CEO of Waikato-Tainui, Deputy Vice Chancellor of University of Waikato, CEO of Te Wananga o Aotearoa Matatahi Mataora, Chair of EMA Waikato, CEO of Waikato Chamber of Commerce, Hon John Luxton, CEO of Te Runanga o Kirikiriroa, Literacy Aotearoa, Salvation Army, Careers NZ and Wintec. Smart Waikato, a strategic partner in the magazine, distributed 10,000 copies of each issue free to senior secondary school students throughout the region, via career teachers. 8 LION FOUNDATION YOUNG ENTERPRISE SCHEME (YES) Smart Waikato is in its fourth year of being the Waikato/King Country regional coordinator of the Lion Foundation Young Enterprise Scheme (YES), running for more than 30 years. KEY STAKEHOLDER ENGAGEMENT Strategic planning On February 21, 2014 Smart Waikato hosted a group of key stakeholders at Stainless Design in Hamilton to review the last five years of progress and to identify current trends and insights. The focus of the meeting was to revise and form Smart Waikato’s vision and to prioritise top actions moving forward. About 300 Waikato students took part in YES, an experiential and entrepreneurial business programme for Year 12 and 13 secondary students. It involves students from secondary schools working through the process of setting up and running a business, creating, promoting and selling a product or service, conducting market research, planning, budgeting, taking and managing risk, and turning problems into challenges. YES allows students to improve their communications skills, show initiative and persistence and be innovative and strategic. SUPPORTERS Smart Waikato Trust is grateful for widespread support from an excellent range of supporters, sponsors, partners and allies. None of the trust’s work would be possible without this. YES SPECIAL AWARD Long-standing Waikato business patriarch John Gallagher was honoured for long service to the Young Enterprise Scheme, taking away the Waikato Business News Special Award for Services to the initiative. Many supporters lend their time and funds across more than one project, seeing the advantageous synergies between them and into the wider community. John, of The Gallagher Group, was involved in founding YES more than 30 years ago as a way to encourage entrepreneurial secondary school students to create and operate businesses. He has supported it ever since. Smart Waikato strategic planning participants: Brendon Gardner (CareersNZ), Brent Dawson (Gallagher Group), Cheryl Reynolds (Momentum Foundation), Chris Simpson (Hamilton City Council), Clive Hamill (Smart Waikato Trust), Clive Morgan (Waikato District Council), Donna Prentice (Hamilton Girls’ High School), Emma Patton (Wintec), Gil Laurenson (Ministry of Education), Jack Ninnes (EMA), Jo Douglas (Wintec), Joe Graham (Te Wananga o Aotearoa), John Cook (Stainless Design), (Waikato Economic Development Strategy), John Wilkinson (ASB Bank), Kawena Jones (Waikato Tainui), Kylie Zinsli (Smart Waikato Trust), Lindsay Cumberpatch (DV Bryant Trust), Mareta Ford (Hamilton City Council), Melissa Russo (Matamata-Piako District Council), Michelle Paki (Smart Waikato Trust), Michelle Jordan-Tong (University of Waikato), Roger Evans (Smart Waikato Trust), Stefan Doll (Deloitte), Steve Hughson (Vodafone), Steve Tritt (Waipa District Council), Tariq Ashraf (Waikato Regional Council) and Tuahu Watene (Ministry of Social Development). We would like make a special mention of some of these supporters: FutureForceTM Action Network steering committee: Allen Bryce (Competenz), Brendon Gardner (CareersNZ), Clive Morgan (Waikato District Council), Donna Prentice (Gateway), Emma Patton (Wintec), Ishana Ageel (Hamilton City Council), Jack Ninnes (EMA), Jacki Theobold (Ministry of Social Development), Jane Thomas (Career and Transition Educators), Janet Davey (University of Waikato), Jason Sebestian (Hamilton Youth Council), Jo Douglas (Wintec), Joe Graham (Te Wananga o Aotearoa), LesleyAnn Thomas (Cambridge Chamber of Commerce), Lisa James (Wintec), Mareta Ford (Hamilton City Council), Michelle Hawthorne (Matamata-Piako District Council), Michelle Paki (Te Puni Kokiri), Peter Carr (Waipa District Council), Sandra Perry (Waikato Chamber of Commerce), Sonya Saunders (University of Waikato), Stefan Doll (Deloitte), Tania Berryman (Hairdressing ITO), Tariq Ashraf (Waikato Regional Council), Tony Stevens (Young Workers’ Resource Centre). SMARTWAIKATO TRUST 2014 ANNUAL REPORT SMARTWAIKATO TRUST 2014 ANNUAL REPORT 9 Each Smart Waikato project has its own support network of business leaders, tertiary providers, teachers and individuals who see value in what we do and share our vision of a better future for young people and the Waikato workforce. 10 TRUSTEES Young Enterprise Scheme: Young Enterprise Trust: Terry Shubkin, Robyn Frey and Sasha Webb. Judges: Rob Pascoe, Michelle Paki, Lesley Ann Thomas, Kaleb James and Grant Robson. Sponsors: Wintec, Stafford Engineering, University of Waikato, King St Advertising, SKYCITY Community Trust, EMA Waikato, Waikato and Cambridge Chambers of Commerce, Waikato Business News, Staples Rodway, Printing.com and Westpac. Teachers: Tina Rose, Pushpa Reddy, Kent Fenneman, Raima Kells-Turner, Stan Foster, Morgan Wilson, Martin Mitchell, Dave Shaw and Martin Redwood. FutureForceTM Action Network supporters: Wintec, University of Waikato, Stafford Enginering, DV Bryant Trust, Gallagher Group, Hill Laboratories, Te Wananga o Aotearoa, Work and Income, EMA Waikato, Vitae, Stainless Design. FutureForceTM magazine supporters: Thank you to the partnering businesses and tertiary supporters involved. We are also grateful to Trust Waikato for seed funding for the two 2013 issues. Special acknowledgement: Waikato careers teachers (CATE) for distributing the magazine to students and using it as a classroom resource. Roger Evans is the founder of Stafford Engineering Ltd, established in 1986 to service the local precision engineering market. Roger has identified skills shortages as an impediment not only to business operation but also to the opportunity to grow. Roger shares the Smart Waikato vision of creating meaningful connections between Waikato schools and workplaces and works hard to see this practically out worked. Clive Hamill is a veteran principal whose leadership spans 25 years in primary, area and secondary schools. He is currently in his eighth year at Melville High School. He is a reflective practitioner who actively explores innovative pathways for student success. Clive believes that developing strong partnerships between education and the workplace is essential for our nation’s growth and development. Michelle Paki, of Ngati Porou and Rongowhakaata descent, works for Te Puni Kokiri’s Māori Business Facilitation Service. An economic development specialist, Michelle works with entrepreneurs and business owners and is passionate about seeing young Māori entrepreneurs succeed. Michelle’s interest in Smart Waikato lies in ensuring the potential of the young Māori workforce is realised and rangitahi appropriately trained to meet the needs of New Zealand sectors. This is vital to both New Zealand’s economy and essential to achieving successful social outcomes for Māori community development. SMARTWAIKATO TRUST 2014 ANNUAL REPORT SMARTWAIKATO TRUST 2014 ANNUAL REPORT 11 Kylie Zinsli brings a valuable youth perspective to Smart Waikato after three years managing the Waikato Young Workers’ Resource Centre. Additionally, Kylie’s social science background and role as Hamilton City Council business improvement co-ordinator gives her a well-rounded perspective and understanding to base decisions on. She is passionate about making a difference in the Waikato. 12
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