NZBRI_Annual Report 2017_FA

Annual Report 2017 49


















2017 was characterised by high quality

events driven by our loyal and generous

“Friends of the BRI” or “FBI” for short.


n April our second annual “Opera meets Art” event was yet

I again, a sell-out and set to become an entrenched part of the
Christchurch social calendar, This event, a wonderful fusion of

donated art for sale, fine wine from Pegasus Bay, delicious canapes
from Lizzie’s Cuisine and the beautiful sounds of The Opera Club
made the most of the wonderful acoustics in the Christchurch Art

Gallery Foyer. Under the guidance and expertise of Australian
Music Director, Sharolyn Kimmorley, ticket-holders were treated
to a night of popular opera tunes from the wonderful Opera Club

led by Rachel Doig.
The FBI Golf Tournament, held at the Christchurch Golf Club
in November is a real highlight of the NZBRI fundraising year.

Principal Sponsor, Pacific Radiology has been with this event since
its inception and we value the close working relationship we have

with them at a research and fundraising level. As usual, the players
were well catered for with lunch by Strawberry Fare, ‘watered’ at
the refreshment hole by Pegasus Bay Wines and treated to a very

welcome bacon buttie thanks to Hellers and Nature’s Fresh Bread.
The after-match auction was a real success and we are all looking

the next year’s function.
Sincere thanks also go to Professor Ivan Donaldson as the
proceeds from his wonderful memoire “The Truant from Medicine”

continue to roll in.
We’d like to recognise the dedication of the Friends of the NZBRI
committee, under the Chairmanship of Mel Brew together with

committee members Gabrielle Tasman, Ivan Donaldson, Fay Keeling,
Liz Barry, Douglas McCaul, Sharon Rees-Thomas, Cheryl Whitham
and Robyn Gillespie. They make great ambassadors for the NZBRI.

50 New Zealand Brain Research Institute

Annual Report 2017 51


















“The FBI Golf Tournament, held at the


Christchurch Golf Club in November is

a real highlight of the NZBRI fundraising


year. Principal Sponsor, Pacific Radiology

has been with this event since its

inception and we value the close working


relationship we have with them at a

research and fundraising level”


As well as gaining income from events, we welcome discussions

with those who are making the decision to leave a lasting legacy
and support our charity in their Will. This is a very important avenue
to our financial and long term success. To the many supporters and

donors who help us to do our work each year, thank you sincerely.
We could not do what we do without you.































Caroline Wagteveld McKenzie

Fundraising Manager, NZBRI

52 New Zealand Brain Research Institute













“Having conceived the








NZBRI way back in 2001, it’s








been wonderful to see the








NZBRI grow over the years








to a leading centre for brain








research in New Zealand.”


























Professor Richard Jones

Director, Christchurch Neurotechnology Research Programme

Annual Report 2017 53













“Having conceived the








NZBRI way back in 2001, it’s








been wonderful to see the








NZBRI grow over the years








to a leading centre for brain








research in New Zealand.”


























Professor Richard Jones

Director, Christchurch Neurotechnology Research Programme

54 New Zealand Brain Research Institute




Published Articles 2017













Bantis, Nakas, Reiser, Myall, Jones, Kuijer, Livingston, Myall,
& Dalrymple-Alford. Horne, MacAskill, Pitcher, Barrett,
Construction of joint confidence Anderson, & Dalrymple-Alford.
regions for the optimal true class Caregiver burden is increased

fractions of Receiver Operating in Parkinson’s disease with mild
Characteristic (ROC) surfaces cognitive impairment.
Translational Neurodegeneration
and manifolds. Statistical Methods
in Medical Research
Kaipa, Robb, & Jones.
Blakemore & Vuilleumier. Effectiveness of constant, variable,
An emotional call to action: random, and blocked practice in

integrating affective neuroscience speech-motor learning.
in models of motor control. Journal of Motor Learning and Development

Emotion Review
Knopp, Bones, Weddell, & Jones.
Blakemore, Neveu, & Vuilleumier. A software framework for real-time
How emotion context modulates multi-modal detection of microsleeps.

unconscious goal activation during Australasian Physical & Engineering
Sciences in Medicine
motor force exertion. Neuroimage
Kornisch, Robb, & Jones.
Hoogland, Boel, de Bie, Geskus, Estimates of functional cerebral
Schmand, Dalrymple-Alford, Marras,
Adler, Goldman, Tröster, Burn, Litvan, hemispheric differences in
Geurtsen, MDS Study Group monolingual and bilingual people

“Validation of Mild Cognitive who stutter: Dual-task paradigm.
Impairment in Parkinson Disease” Clinical Linguistics & Phonetics
Mild cognitive impairment as a

risk factor for Parkinson’s disease Kornisch, Robb, & Jones.
Estimates of functional cerebral
dementia. Movement Disorders
hemispheric differences in
monolingual and bilingual people

who stutter: Visual hemifield

paradigm. Clinical Linguistics & Phonetics

Annual Report 2017 55



















Lean, Melzer, Bora, Watts, & Woodward. Pearson, Alla, Clarke, Mason,
Attention and regional gray matter Anderson, Richardson, Miller, Sabel,
development in very preterm Abernethy, Willoughby, Taylor.
Multiple sclerosis impact on
children at age 12 years. Journal of the
International Neuropsychological Society employment and income in
New Zealand.
Macleod, Jury, & Anderson. Acta Neurologica Scandinavica
The (palliative) care of Huntington’s
Peterson & Hughes.
disease. Progress in Palliative Care
Some observations of anxiety-
McAuliffe, Fletcher, Kerr, related behavior in young adult rats
O’Beirne, & Anderson. following late adolescent exposure to
Effect of dysarthria type, speaking methamphetamine with and without
condition, and listener age on environmental enrichment.

speech intelligibility. American Journal Current Psychopharmacology
of Speech-language Pathology
Woodward, Prickett, Espiner, & Anderson
Mills, Jones, & Huckabee. Central and systemic C-type
Measuring voluntary and reflexive natriuretic peptide are both reduced
cough strength in healthy in Parkinson’s disease.

individuals. Respiratory Medicine Parkinsonism & Related Disorders

Myall, Pitcher, Pearson,
Dalrymple-Alford, Anderson, & MacAskill.
Parkinson’s in the oldest old: Impact

on estimates of future disease
burden. Parkinsonism and Related Disorders

56 New Zealand Brain Research Institute




Completed Theses 2017













Jamie Small
Quantitative susceptibility mapping
and cognitive impairment in

Parkinson’s disease


Sharon Jay
Mild Traumatic Brain Injury and
Advanced Magnetic Resonance
Imaging Techniques


Yassar Alamri
Biological and behavioural markers

of Parkinson’s disease

Annual Report 2017 57




























































Smart

58 New Zealand Brain Research Institute
















Funding impact

Annual Report 2017 59





















Performance Measures Performance


Quantity Total funding awarded $1,229,153.00


Details of $378,108 — Brain Research NZ
successful Patterns of MRI brain ageing to assess brain health
grants
$248,644 — Brain Research NZ
Plasma alpha synuclein, AB and tau in Parkinson’s and Alzheimer’s.

$166,347 — Brain Research NZ
EEG Biomarkers for cognition in Parkinson’s

$136,925 — NZ Dementia Prevention Trust
Christchurch-based Dementia Prevention Research Clinic

$114,920 — Brain Research NZ
Does rural living or deprivation contribute to the risk
of Parkinson’s in New Zealand?

$100,000 — Brain Research NZ
Novel MRI methods and genetics in mild cognitive
impairment and mild Alzheimer’s.

$57,209 — University of Otago
Amyloid, brain volume, and the risk of future
cognitive decline in Parkinson’s.

$12,000 — University of Otago
MacGibbon Fellowship.

$10,000 — University of Canterbury
Predictors of poor outcomes in older people with dementia.

$5,000 — University of Otago
CMRF-funded summer studentship.


Evidence The Institute maintains a register of all grant applications submitted by
its researchers. Funding bodies also often make details of their awarded
grants (but generally not the unsuccessful applications) publicly available.

60 New Zealand Brain Research Institute




Acknowledgments















Strategic Partners

University of Otago, Canterbury District

Christchurch Health Board

University of Canterbury Pacific Radiology Group





Trusts and Foundations

Orr Family Trust Burrows Bros

Charitable Trust
S. J. Charitable Trust
Trembath Trust





Event Major Sponsors

Pacific Radiology Group Southern Eye Specialists


Christchurch Golf Club Hellers

Christchurch Art Gallery Strawberry Fare


Pegasus Bay Winery Sharpies

Annual Report 2017 61





















Donors Over $500 Estates Committees

Orr Family Trust Allan Trembath Friends of the NZBRI
Ivan Donaldson, Mel Brew
Frank Dickson
(Chair), Gabrielle Tasman,
Edith Tripp Sharon Reece-Thomas,
Liz Barry, Doug McCaul,
Steve Walker Robyn Gillespie, Cheryl

Whitham, Fay Keeling

New Zealand Brain Research Institute































































Disclaimer



This summary financial report and
the graphics embedded within

the proceeding pages, have been
authorized for issue by the Chair
of the NZBRI Board Dr Cheryl

Doig. The results presented in this
summary have been extracted from
the audited financial statements for

the year ended 31 December 2017,
which is available, by request, from

the NZBRI Office, or online at our
website nzbri.org

Financial Report



—2017

64 New Zealand Brain Research Institute














Portfolio









Highlights














The NZBRI’s Investment portfolio, which


is overseen by the Finance committee, is


managed by Craigs Investment Partners

with a Balanced asset allocation and is


diversified as follows:

Annual Report 2017 65




















29 16 % 22 %
%










New Zealand Australian International
equities equities equities
21 % 6 6 %
%










Fixed Interest Cash Property









Since inception, our For the last 12 months

annualised return has the gross income yield
been 8.0% per annum has been 4.26% ($48,168,

(through 31/12/2017) through 31/12/2017).









Craigs Investment Partners, in addition to producing full quarterly

reports, has their representative Ross Hutton attend all Finance
Committee meetings and regularly attend the Foundation’s Board
meetings in a Co-opted advisor capacity.

66 New Zealand Brain Research Institute




2017 Overview















Research Activity
$592,946




Other
$132






Donations and Fundraising Where did
$303,105 our money
come from?











Investments
$40,794


Grants
$351,091








Research
$654,277



What did
we spend our
money on? Administration
$294,139



Occupancy
$383,172

Annual Report 2017 67
















Where did our money come from? 2016 2017


Research Activity $572,486 $592,946


Investments $7,520 $40,794


Donations and fundraising $304,871 $303,105


Grants $510,000 $351,091


Bequests $1,050,601 —



Other $2,451 $132


Total revenue $2,447,929 $1,288,068



What did we spend our money on? 2016 2017



Research $597,507 $654,277


Occupancy $370,677 $383,172


Administration $296,648 $294,139


Total expense $1,264,832 $1,331,588










A word on operational costs
There are significant challenges in fairly reflecting operational costs for many
not for profits, including NZBRI. We are keenly aware of the need to keep

administrative costs at a reasonable level, but must also maintain all the usual
office and assessment systems that allow us to fulfil our purpose, all of which carry
a cost. We are confident that we run the organisation efficiently and without waste
and all supporters can be assured the majority of their generous donations get
directly to research support.

68 New Zealand Brain Research Institute




2017 Overview










2016 2017

Accumulated profits $1,456,810 $1,510,643





Current Assets 2016 2017


Cash and bank $101,278 $200,538


Accounts receivable $49,778 $78,623


Accrued interest (NZBRI 2 Portfolio) $2,276 $1,637



Prepayments $7,708 $7,708


GST Refund due $11,770 —


Shareholders current accounts $178,710 $3,270


Total $351,520 $291,776




Non-current Assets 2016 2017


Property plant and equipment $135,468 $114,938


Available-for-sale financial assets $1,043,061 $1,176,940



Total $1,178,529 $1,291,878



Total Assets $1,530,049 $1,583,654

Annual Report 2017 69


























Current Liabilities 2016 2017


Accounts payable $25,666 $27,382


Credit card $1,177 $44


Income received in advance $22,099 $23,683



Canterbrainers donations ($273) $155


Accrued charges $6,000 $6,000


Employee costs payable $18,570 $15,580


GST payable — $169


Total $73,239 $73,012


















Net Assets $1,456,810 $1,510,643

70 New Zealand Brain Research Institute

Annual Report 2017 71

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03 378 6347