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2009 Report to members

(For the year ended 28 February 2009)

A year of challenge
In a year of enormous changes to
our global economy, the challenges
of conservation were no less
I am pleased to report that Forest &
Bird has remained at the forefront
of environmental advocacy during
these challenging times – we
represent, more than ever, a
committed voice for nature.
At times it can seem as if
the environmental challenges
now facing our planet are
insurmountable as a world economy
that has been driven by non-
renewable resources comes to
its inevitable conclusion. Yet as
conservationists we must rise to
meet formidable challenges such as
climate change, not least because
humankind may find itself on
the endangered lists if we do not
As Forest & Bird heads into its 86th
year, it is an organisation in good
heart, well-prepared to continue
its crucial role at the frontline of
environmental advocacy, speaking
and acting on behalf of our most
precious and unique native plants,
animals and wild places.
Throughout the year Forest & Bird
has helped achieved many inspiring
and significant victories on behalf
of nature. I am delighted to report
to you many of those successes in
this annual report.

Don Merton
Don Merton
BNZ Save the Kiwi Trust, supported by Forest & Bird, celebrated
Partnerships the hatching of the 1000th kiwi chick under its Operation Nest
Often in conservation, we can’t do everything on our own, Egg programme. We can be proud to be part of this effort to
and partnerships are absolutely critical to achieving the gains
restore populations of our national icon.
we so urgently need to make in conservation. The past year
saw Forest & Bird forge and renew a number of successful Another species making a welcome comeback, with the help
partnerships to protect and enhance our native wildlife. of a recovery group in which Forest & Bird is involved, is the
kokako. Thanks largely to the efforts of the Kokako Recovery
In December we signed up, with Rio Tinto Alcan NZ and
the Department of Conservation, to a renewed partnership Group, kokako numbers are well ahead of the group’s target of
programme to support efforts to help the kakapo. The 1000 pairs by 2013.
partnership supports the work of the Kakapo Recovery Group Ark in the Park – a joint project by Forest & Bird and Auckland
in protecting the critically endangered kakapo, of which just Regional Council – may soon bring back the kokako’s haunting
91 birds remain. At the time of writing, recovery group workers call to the Waitakere Ranges. Following the successful
were expecting bumper breeding season which would lift reintroduction of hihi or stitchbirds to the Ark, where they are
the kakapo population above 100 for the first time in many
now thriving and breeding, we hope to also relocate kokako to
the ranges this winter.
On World Environment Day in June we launched a partnership
Our international partnerships, particularly our role as BirdLife
with online auction site Trademe, in which people buying or
selling items on the site can donate to Forest & Bird’s Kiwis for partner in New Zealand, mean that our work in New Zealand is
Kiwi campaign. So far more than 13,000 people have made a part of global conservation efforts – a vital factor given that many
contribution. of the environmental challenges affect us all around the world.

Effective pest control

A key factor in the success of all of these partnerships is the
use of effective control of the many introduced pests which
are the major threat to our forests and other native habitats
and our native wildlife. Our continued advocacy of effective
pest control has been crucial in keeping many of our most
vulnerable species alive.
In April we welcomed the decision by a ministerial panel – on
which Forest & Bird was represented – to support effective
means of controlling deer, thar, chamois and pigs in the wild.
The panel’s recommendations are important official recognition
that conservation must remain a priority in managing these
pest species.
We were also extremely pleased to learn that Government-
funded pest control was implemented – in direct response
to Forest & Bird’s campaigns – in critical areas including the
Kaimai Ranges and Waitutu Forest.
Forest & Bird’s own nationwide network of volunteers is active
on the “frontline” of pest control around New Zealand. Our
inaugural Pestbusters Award – which was awarded to the South
Taranaki Branch – recognised their tremendous commitment

in fighting the battle against pests.

Marine protection
Of course the conservation challenges do not stop at the
shoreline, and Forest & Bird was just as active in advocating for
better protection of the marine environment as it was on land.
Forest & Bird welcomed the introduction of measures for which
we have long campaigned to protect endangered Hector’s and
Maui’s dolphins from human-induced threats, in particular
entanglement in set nets. While measures introduced by the
Fisheries Minister would have come into effect in October,
legal challenges by the fishing industry have delayed their
implementation in some areas. We hope their action will prove
to be only a short delay in seeing these important measures
introduced to protect these unique marine mammals.
The year saw considerable progress in achieving better
protection for seabirds. Our involvement in developing a new
National Plan of Action on seabirds (which will be finalised
soon) will achieve measures to significantly reduce by-catch
deaths of seabirds. Work has also progressed towards
nominating Important Bird Areas that will give international
status to New Zealand marine areas and the seabirds that are
found in them.
Our Places for Penguins project is also making good progress
in establishing better protection and habitat restoration for little
blue penguins. One very special penguin, Koro, found washed
Ministry of Fisheries

up on a Wellington beach in very poor health, was “adopted”

by Forest & Bird, nursed back to health, and eventually
released back into the wild. We hope Places for Penguins will
ensure that all little blue penguins will have the best chance of
The opening of Taputeranga Marine Reserve off Wellington’s
In August recreational fishers, leading food writers and chefs, south coast – campaigned for by Forest & Bird for 17 years –
and thousands of New Zealanders supported Forest & Bird’s was cause for celebration. Establishment of marine reserves
Shark pledge against shark finning. The Government has will be an increasingly high-profile campaign for Forest & Bird
not acted to ban this unsustainable practice, but we remain in the coming year as we push for 30% of our marine area to
committed to achieving this goal. be protected by 2020.

Freshwater also became a major focus
for Forest & Bird during the year. Our
review, with Fish & Game, of the Clean
Streams Accord highlighted concerns
about the impact of agriculture on
our rivers and lakes, and we continue
to lobby for improved environmental
performance from the sector.
Forest & Bird was among those who
opposed a hydro dam proposal which
would have a severely detrimental
impact on the Mokihinui River on the
West Coast and the surrounding beech
forest – the proposal by Meridian is still
under consideration but we are hopeful
that the conservation values of the
Mokihinui and other rivers will not be
destroyed by allowing environmentally
damaging schemes to go ahead.
Chris Todd
Sophie Huber

High country Climate change

In the South Island high country Forest & Bird’s campaign for a New Zealand’s role in reducing emissions that contribute
network of conservation and recreation parks took a significant to climate change has been a major challenge for Forest &
step forward with the Government purchase of St James Station Bird this year. We made submissions on the Government’s
in Canterbury. We are now working with the aim of securing Emissions Trading Scheme, with a particular emphasis on
permanent protection of this property, potentially as part of a ensuring that any Government measures to deal with climate
future national park. With 10 new high country parks created change recognise the contribution of native vegetation in
in the last 10 years, our high country parks campaign has been carbon storing.
a considerable success.

Political change
The general election in 2008 was a key opportunity
for Forest & Bird to engage in the political process
and ensure that conservation was a key election
issue. Our Envirovote political forums ensured that
conservation had a high profile in the campaign,
and our Envirovote election guide helped voters
make an informed choice on green issues.
Following the election we have given post-election
briefings to new ministers and will continue to
engage and challenge the new government and all
political parties on conservation matters.
Communicating conservation
A major new development in bringing Forest & Bird’s
work to the public is the creation of our beautiful new
website, which is proving a success in educating and
inspiring people about conservation and how they
can help Forest & Bird’s work. Already the number
of people visiting our website, joining and donating on
line has increased significantly since the website was
launched in October.
In tandem with the new website we have introduced
improvements to Forest & Bird magazine, and this year
will see the size and quality of the magazine increased.
Our reader survey in May found that 9 out of 10
readers rate the magazine as excellent (54%) or very
good (36%) but we can always do better – our editorial
content this year will reflect the wishes of readers to see
more world-class articles and photographs featuring
our amazing wildlife.

Membership numbers remain healthy, with 1000 new Forest &

Bird members and 1000 new Kiwi Conservation Club members
joining during the year. Overall membership numbers remain
steady, which is an encouraging result of efforts to ensure that
Forest & Bird is an organisation that is attractive and relevant to
New Zealanders from a variety of backgrounds and age groups.

Out there and active

Forest & Bird events around the country ensured our
organisation maintains a high profile in the community – events
such as Seaweek, Race for Our River, Reel Earth Film Festival,
Parihaka, Conservation Week were attended by thousands of
Don’t say “OooOooh!” New Zealanders. Our Bird of the Year annual poll this year
– say “WoW!” Kiwi Conservation Club turns 20 received a record number of votes, with the kakapo emerging
as New Zealand’s favourite bird.
The next generation Our own Forest & Bird AGM, and our North and South Island
The Kiwi Conservation Club celebrated its 20 birthday this year
th gatherings, found our members in good heart, with considerable
and continues to excite and educate children about the natural enthusiasm among delegates to bring renewed commitment to
world. The KCC website and magazine will also be receiving a the conservation cause.
“make-over” this year to build on their excellent work of the Our branches around the country demonstrated renewed vigour,
last two decades. working on an enormous variety of “flax roots” projects, from
restoration, planting and pest control to making submissions
Your support and educating their communities on conservation issues.
Our appeals this year met an extremely positive response, with Without the tremendous effort by our volunteers right around
a total of more than $222,000 donated to the freshwater and New Zealand, and the contribution made by every one of Forest
dawn chorus appeals – well up on the previous year’s donations & Bird’s members, we would not be able to carry out our crucial
to appeals of $138,000. The generosity of donors will allow conservation work. I thank all of you for your generous support
us to carry out vital conservation work so we are enormously which has allowed us to achieve so many successes this year.
grateful for their support. While there are many conservation challenges still ahead,
The Sustain regular giving programme, launched in 2007, our track record of achievement over the last year leaves me
continued to grow in 2008, with more than 300 Sustain confident that Forest & Bird is uniquely
members now contributing around $100,000 a year. This well-equipped to meet those challenges.
ongoing support means we can plan ahead with confidence on
long-term projects.
Peter Maddison
The establishment of Forest & Bird’s Endowment Fund,
established this year with a $1 million donation from a generous National
benefactor, will also be of enormous benefit to the long-term President
financial security of our organisation.
ROYAL FOREST & BIRD PROTECTION SOCIETY Statement of Movements in Member Funds for
Statement of Financial Performance for the year ended 28 February 2009 the year ended 28 February 2009
Group National Office Note Group National Office
Note 2009 2009 2008 2009 2009 2008
Income $ $ $ $ $ $
Subscriptions Opening Balance 2,886,336 2,886,336 3,347,505
- Forest & Bird 540,358 540,358 550,195 Initial Recognition of Branches 4 3,756,467 – –
- Kiwi Conservation Club 75,149 75,149 74,515 Restated Opening Balance
Sustain Membership 86,344 86,344 15,027 after initial recognition of Branches 6,642,803 2,886,336 3,347,505
General Donations 12 351,327 302,492 266,378 Plus Surplus / (Deficit) for year 277,343 285,640 (461,169)
Appeals 191,459 191,459 122,860 Transfer to Reserves (427,770) (427,770) –
Grants 13 784,271 541,196 406,229 6,492,376 2,744,206 2,886,336
Other Operating Income 290,467 19,027 16,209
Bequests 5 900,321 804,239 269,166
Ruapehu Replacement Reserve 427,770 427,770 –
TOTAL OPERATING INCOME 3,219,696 2,560,264 1,720,579
Closing Balance 6,920,146 3,171,976 2,886,336
Expenditure 14
Terrestrial Biodiversity 778,949 778,949 602,252 STATEMENT OF FINANCIAL POSITION AS AT 29 FEBRUARY 2008
Freshwater 189,457 189,457 141,754 Note Group National Office
Marine 184,234 184,234 243,909 2009 2009 2008
Communications & $ $ $
Promotions 696,487 635,774 439,032 Members Funds
Opening Balance 6,642,803 2,886,336 3,347,505
Membership & Fundraising 508,618 508,232 338,203
Surplus / (Deficit) 277,343 285,640 (461,169)
Branch Support 275,953 305,732 259,352
Closing Balance 6,920,146 3,171,976 2,886,336
Governance 221,317 136,387 189,083 Current Liabilities
Education 194,026 176,831 156,164 Accounts Payable 6 353,519 324,951 297,183
Properties (2,635) (16,490) 2,238 Income Received in Advance 7 369,071 369,071 335,424
Planning and Reporting 65,824 61,399 55,417 Deferred Income 8 842,741 333,646 364,640
Branch Project Expenditure 546,853 – – Other Liabilities 1,565,331 1,027,668 997,247
Other Branch Operation Expenditure 211,651 – – Restricted Funds 11 154,366 1,113,816 1,164,789
TOTAL OPERATING EXPENDITURE 3,870,734 2,960,505 2,427,404 TOTAL MEMBERS FUNDS & LIABILITIES 8,639,843 5,313,460 5,048,373
Operating Deficit for the year 18 (651,038) (400,241) (706,825) Current Assets
Other Income Cash 408,524 176,779 102,822
Interest Received 533,576 258,111 245,656 Deposits (On Call) 302,079 7,315 212,576
Sale of Assets 427,770 427,770 – Deposits (Fixed Term) 6,270,820 2,844,121 3,108,403
TOTAL OTHER INCOME 961,346 685,881 245,656 Accounts Receivable 9 770,957 736,600 98,678
Inventory 7,471 7,035 13,912
Other Expenditure 7,759,851 3,771,849 3,536,392
Loss on Sale of Shares 32,965 – – Investments
Gross Surplus/(Deficit) before Shares and Other Securities 54,775 24,775 24,775
transfer to reserves 277,343 285,640 (461,169) Fixed Assets 10 670,851 403,019 322,416
Less Transfer to Reserves (427,770) (427,770) – Other Assets
Deficit for the year ended Restricted Funds 11 154,366 1,113,816 1,164,789
28 February 2009 (150,427) (142,130) (461,169) TOTAL ASSETS 8,639,843 5,313,460 5,048,373
G Bellamy
The attached notes form part of and are to be read in conjunction with this
For and on behalf of the Executive
Statement of Financial Position


1. Statutory Base Accounts Receivable: Accounts Receivable are recorded at estimated realisable value.
The financial statements relate to the activities of the National Office, Auckland, Rotorua, Investments: Investments have been recorded at cost.
Christchurch, Dunedin and Nelson Field Offices and Branches. These financial statements Shares and Other Securities: Shares have been valued at cost or at market value on the
have been prepared in accordance with the Incorporated Societies Act 1908, Charitable date of receipt of bequest.
Trusts Act 2005 and the Financial Reporting Act 1993. Gifted Land: Land which has been bequeathed to the Society for no cost has not been
2. Measurement Base recorded in the financial statements, due to difficulties and costs related to valuation
(i) The measurement base adopted is that of historical cost. procedures.
(ii) Revenue earned and the expenses incurred are matched using accrual accounting Government Grants and Deferred Income: Revenue from Government grants is taken up
concepts. in the period that the qualifying expenditure is incurred. Other income is deferred if it can
(iii) Reliance is placed on the fact that the Society is a going concern. be matched to specific future expenditure with reasonable certainty.
3. Statement of Accounting Policies Taxation: As the Society has been granted charitable status by the Inland Revenue
The following accounting policies are recognised as appropriate and have been adopted Department, no taxation has been provided for in the accounts other than amounts
in the preparation of the financial statements: payable or receivable for Goods and Services Tax.
Fixed Assets: Fixed Assets are shown at cost less depreciation charged at the following Website Development: Website development expenditure is expensed in the year it is
rates over their estimated useful lives as stated: incurred. This is Executive policy because of the constantly changing nature of this item.
Office Buildings Straight Line 10-100 years Goods and Services Tax (GST): The accounts are prepared on a GST exclusive basis,
Lodge Buildings Straight Line 40 years except for Accounts receivable and accounts payable which are stated GST inclusive
Furniture and Fittings Straight Line 5-10 years Differential Reporting: The Society is a qualifying entity for differential reporting.
Motor Vehicles Straight Line 5 years Accordingly no statement of cash flows is re quired to be prepared. The society has taken
Office Equipment Straight Line 5 years full advantage of all available exemptions apart from GST, the statements are presented
Inventory: Inventory has been valued at the lower of cost or estimated net realisable value. exclusive of GST
4. Changes in Accounting Policies 11. Restricted Funds
All policies have been applied on bases consistent with those used in previous year except The National Office have deposited funds at The National Bank of N.Z. on behalf of
that the treatment of revenue and income in advance and presentation of the financial branches and other entities. These funds are administered by National Office. They are
statements of Forest & Bird has changed for the financial year ended 28 February 2009. not available for use by the National Office for its general purposes. Total funds invested
In prior years, revenue earned is matched using accrual accounting concepts with the as at 28 February 2009 were $1,115,085 (Balance as at 29/2/08 was $1,164,789).
exception of subscriptions which was accounted for on a cash receipts basis, (see note Irwin Legacy $64,899 ($62,564); Nelson Branch $30,216 ($25,890); Rotorua Branch
7). The Statement of Financial Performance and the Statement of Financial Position of $135,000 ($135,000); Stewart Island Section $57,705 ($53,901); Sutherland Trust
the Society now include the financial statements of the National Office and its branches. $49,505 ($53,039);Tautuku Lodge $143,764 ($140,493); Environmental Defence Fund
Previously, the Statement of Financial Position and the Statement of Financial Position $176,074 ($173,348); Tararua Branch $42,345 ($32,268); J Barrington Bequest $25,395
only showed the financial statements of the National Office. The net effect of this change ($24,482); Horner Fund $182,133 ($179,451); Fensham Reserve $28,119 ($34,415);
has been to increase opening member funds by $3,756,467. Manawatu Branch $24,595 ($22,696); Other Funds Totalled $154,336 ($227,242).
5. Bequests In the consolidated figures, funds held on behalf of Branches has been eliminated to
Bequests received during 2008/2009 for National Office were as follows: leave the other funds held of $154,336
Davis Trust $2,450; BB Stoker $5,100; BF Marshall $200; CL Turner $500; DE Brain 12. Large Donors
$39,060; E Williams $10,000; E Sills $479,233; E Stocker $1,000; FH Adams $6,300; Large Donations received during 2008/2009 for National Office were as follows:
HLG Millward $5,000; HF Akast $20,000; HM Traynor $9,488; J McArthur $5,000; LC Bell Allen Calendars $1,740; Kaipara Branch $1,000; Waikato Branch $10,000; Napier
$2,080; LC Doubleday $450; M Williams $27,500; MD Hunt $5,000; MJ Woodruffe $500; MI Branch $5,000; Wairarapa Branch $2,000; Lower Hutt Branch $1,000; Wanganui
Reader $33,860; R Collier $250; S Creswell $1,000; SM Rooney $10,363; W Oldham $905; Branch $2,000; Upper Hutt Branch $3,000; Taranaki Branch $579; North Canterbury
NL Oldham $4,000; NM Aitchinson $5,000; RWG Rolfe $130,000 $16,250; Dunedin Branch $20,586.13; Central Auckland Branch $5,000; Wellington
Bequests received during 2008/2009 for Branches totalled $96,082 Branch $3,000; Kapiti Branch $1,500; Haseltine Trust $1,000.
6. Accounts Payable General donations include donations to the Kiwi Conservation Club of $14,325 ($4,027).
All accounts are paid as they fall due, and all known liabilities for events occurring before Donations received during 2008/2009 for Branches totalled $120,240.
balance date have been accrued. 13. Grants/ Sponsorship
7. Income Received in Advance Grants / Sponsorships received during 2008/2009 for National Office were as follows:
Income received from members subscriptions to Forest & Bird and Kiwi Conservation Club National Bank $5,945; Vero Insurance $2,735; Phillips $15,026; Cadbury $25,000;
is now matched using accrual accounting concepts. Membership fees are paid on an Fonterra $1,333; Trade Me $7,337; Flooring Xtra $14,500; Palmerston North City
annual basis for a 12 month period and spans balance date for some members. In order Council $1,500; Lotteries Environment & Heritage $30,000; Biofunds (DOC)
to calculate income received in advance, it is assumed that the 12 month renewal period $104,001; Zelda Roberts Charitable Trust $3,000; Manakau City Council $6,050;
starts from the month the payment is received. The change in accounting policy has been ASB Community Trust $6,000; Quaker Peace & Service Trust $5,000; T Gear Trust
made to comply with the Statement of Concepts for General Purpose Financial Reporting. $199,000; Birdlife International $123,355
As a result of the change in accounting policy, the financial statements for the year ended Forest and Bird also received $35,000 from Auckland Regional Council & $35,000 from
29 February 2008 have been restated as follows: ASB Community Trust to be used for the Ark in the Park project. During the financial year
Original Restated some Grants were classified as per note 14 and note 11.
2007/2008 2007/2008 Change Grants / sponsorships received during 2008/2009 for Branches totalled $243,075.
$ $ $ 14. Income offsetting Expenses
Income During the financial year the following income offset expenses for National Office:
Subscriptions 2009 2008
- Forest & Bird 561,850 550,195 11,655 $ $
- Kiwi Conservation Club 64,071 71,515 (7,444) Rent 1,156 1,387
Members Funds Freshwater – 1,425
Opening Balance 1 March 2007 3,696,746 3,347,504 349,242 Marine 15,547 55,000
Surplus/(Deficit) for year (474,985) (461,168) (13,817) Terrestrial Biodiversity 111,623 115,604
Closing Balance 29 February 2008 3,221,761 2,886,336 335,425 Magazine Advertising 59,001 58,199
Royalties 1,963 15,146
Life Membership subscriptions are shown in deferred income and released to Marketing/ Promotions 3,596 72,194
subscriptions income over fifteen years. Vanuatu Trip 42,610 49,465
8. Deferred Income Cost Recoveries AGM/ Council Meeting 10,597 12,771
Deferred Income – National Office 15. Administered Funds
This comprises Unspent Grants of $267,845 ($289,415); Life Membership Provision National Office also administers the funds of the Threatened Species Trust Programme and
$65,563 ($74,986); Other Income In Advance $238 ($239) the JS Watson Conservation Trust. These funds are not included in the financial statements
Deferred Income – Branches as the Society is effectively acting as a Trustee.
This comprises Unspent Grants of $509,095
16. Operating Lease Commitments
9. Accounts Receivable National Office commitments under a non-cancellable operating lease: National Office
National Office comprised Trade Receivables $15,399 ($24,300); Other Receivables 2009 2008
$662,748 ($74,378). $ $
Branch receivables totalled $35,404. Less than one year 126,997 140,997
10. Fixed Assets One year to two years 120,588 125,582
All land is stated at cost. No revaluations have been made. Two years to five years 133,842 254,003
Book Book 380,842 520,582
Cost or Dep’n Dep’n Value Value
Branches – no commitments existed under non-cancellable operating leases as at 28
Valuation to date 2009 2009 2008
February 2009.
$ $ $ $ $
Land 159,415 – – 159,415 159,415 17. Executive Honorarium
Buildings 127,910 33,469 12,891 94,441 86,344 Honorarium paid to Executive Committee members during the year:
Furniture and Fittings 39,847 34,748 3,129 5,099 8,049 P Maddison $8,000 ($8,000); A Fenn $1,000 ($1,000); J Ledingham $1,434 ($0); S
Office Equipment 355,126 217,144 34,143 137,982 59,352 Phillips $0 ($1,000); B Wards $0 ($100)
Motor Vehicles 28,444 22,361 3,173 6,083 9,25 18. Operating Deficit for the Year Group National Office
Total National Office Fixed Assets 710,741 307,722 53,336 403,019 322,416 2009 2009 2008
$ $ $
Branch Fixed Assets 301,534 33,702 16,675 267,832 –
Operating Deficit for the year after deducting: (651,038) (400,241) (706,825)
Total Fixed Assets 1,012,275 341,424 70,011 670,851 322,416
Audit Fees – National Office 21,432 21,432 15,869
Due to the inherent difficulties with the valuation of reserve land, valuations have not
Audit Fees – Other Firms 4,425 – –
been sought, or included in these financial statements.
Honoraria 11,559 10,434 10,100
Rent 145,053 145,053 181,295
19. Contingent Liability adoption of NZ IFRS had been delayed. These entities can continue to apply New Zealand
As at 28 February 2009 there were no contingent liabilities known to the National Generally Accepted Accounting Principles (NZ GAAP) as prescribed by New Zealand
Executive. Financial Reporting Standards and Statements of Standard Accounting Practice. Royal
20. Impact of New Zealand Equivalents to International Financial Reporting Standards Forest & Bird Protection Society meets the criteria for deferral of NZ IFRS due to not
In November 2004 the Accounting Standards Review Board (ASRB) approved the adoption being publicly accountable and its size. The accounts have been prepared on a NZ GAAP
of New Zealand equivalents to International Financial Reporting Standards (NZ IFRS). At basis, consistent with previous periods. The Ministry of Economic Development (MED) is
that time, the ASRB announced the adoption of NZ IFRS would be mandatory for reporting considering the financial reporting regime for not for profit entities. It is not yet known
entities with accounting periods beginning on or after 1 January 2007. In September what the outcome of this work will be, nor if there will be any change in NZ IFRS adoption
2007 the ASRB announced that for certain small to medium size entities the mandatory requirements.

L C Bell 450.00 W Oldham 905.33
B B Stoker 5,100.00 H F Akast 20,000.00
E Sills 479,232.64 E Stocker 1,000.00
H L G Millward 5,000.00 E Williams 10,000.00
M Williams 27,500.00 S M Rooney 10,363.18
D E Brain 39,060.30 M J Woodruffe 500.00
L C Bell 1,630.00 N L Oldham 4,000.00
J McArthur 5,000.00 N M Aitchinson 5,000.00
F H Adams 6,300.00 R W G Rolfe 130,000.00
R Collier 250.00 B F Marshall 200.00
H M Traynor 9,488.00 L C Doubleday 450.00
M D Hunt 5,000.00 C L Turner 500.00
Davis Trust 2,450.00 M I Reader 33,860.00
S Creswell 1,000.00

Forest & Bird acknowledges the following organisations for their generous support

The Ron Greenwood Environment Trust

T-Gear Trust
Environmental Legal Assistance Fund
Manukau City Council

Palmerston North City Council
Ministry for the Environment
Quakers Peace and Service Trust
Heseltine Trust
Zelda Roberts Charitable Trust