NZBRI_Annual Report 2016_FA_WEB[3]

Legacy

50

Acknowledgments

Strategic Partners Canterbury District
Health Board
University of Otago Canterbrainers Choir
Christchurch MS and Parkinson’s Society
University of Friends of the
Canterbury Brain Research Institute
Pacific Radiology
Canterbury
Neurological Foundation

Trusts and Foundations Christchurch Casino Trust
Margaret Hutchings
Canterbury Medical Charitable Trust
Research Foundation S J Charitable Trust
Orr Family Trust
Dove Charitable Trust

51

Donors Over $500 Service Clubs and
Note we have some donors who wish to remain anonymous Associations

Campbell and Lesley Kevin and Joanna Lions Club Wigram
Ballantyne Hickman Rotary Bishopdale
Anonymous Murray and Judith Purvis Burnside
L P Bodger Graeme and Faye Sim Rotary Christchurch
Frank Dickson Edith Tripp South
K Dillon Vernon and Susan The Opera Club
Donaldson Family Levermore
Graham Watson Gabrielle Tasman
Dr Marcel and Mel Brew

Businesses Rydges Latimer Estates
Christchurch
Pegasus Bay Winery Beaufort House Akaroa Faye Harkness Estate
Sharpies Golf Canterbury Jockey Club B C Cocks Estate
Mike Pero Cashmere Classic Holidays A Trembath Estate
Christchurch Golf Club Christchurch
Strawberry Fare
Christchurch Art Gallery
Christchurch Casino

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 2016,
which is available, by request, from the NZBRI Office,
or online at our website www.nzbri.org

Financial
Report
2016

54

2016 Overview

Bequests Where did
our money
$1,050,601 come from?

Research Activity Research

$572,486 $597,507

Investments Administration

$7,520 $296,648

Donations and Fundraising Occupancy

$304,871 $370,677

Other

$2,451

Grants

$510,000

What did
we spend our

money on?

55

Where did our money come from? 2015 2016
Research Activity $554,299 $572,486
Investments
Donations and fundraising $1,224 $7,520
Grants $287,633 $304,871
Bequests $318,609 $510,000
Other $1,050,601
Total revenue $0
$8,755 $2,451
What did we spend our money on? $1,170,520 $2,447,929
Research
Occupancy 2015 2016
Administration $512,024 $597,507
Total expense $356,441 $370,677
$297,806 $296,648
$1,166,268 $1,264,832

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.

56

Statement of Financial Position

Accumulated profits 2015 2016
$266,304 $1,456,810

Current Assets 2015 2016
Cash and bank $125,445 $101,278
Accounts receivable $80,772 $49,778
Accrued interest (NZBRI 2 Portfolio)
Prepayments $0 $2,276
GST Refund due $8,007 $7,708
Shareholders current accounts $9,562 $11,770
Total $28,710 $178,710
$252,495 $351,520
Non-current Assets
Property plant and equipment 2015 2016
Accounts receivable $141,447 $135,468
Total $1,043,061
$0 $1,178,529
Total Assets $141,447
$1,530,049
$393,942

57

Current Liabilities 2015 2016
Accounts payable $58,662 $25,666
Cash and bank balances
Income recieved in advanced $55 $1,177
Canterbrainers donations $51,073 $22,099
Accrued charges
Employee costs payable $260 (-$273)
Total $6,750 $6,000
$10,838 $18,570
$127,638 $73,239

Net Assets $266,304 $1,456,810