Kiwi Randonneurs

long distance cycling in New Zealand

©2018 Kiwi Randonneurs Inc Long Distance Cycling in New Zealand
 Kiwi Randonneurs is a non-profit organization. PO Box 5653, Wellington 6145

Annual Report 2015

16 Sep 2018 11:56 AM | Deleted user

Kiwi Randonneurs Incorporated: Annual Report 2015


Kiwi Randonneurs Incorporated: Annual Report 2015.. 1

Presidents Report 2

Year Two.. 2

Membership.. 2

Club Kit 3

Looking ahead.. 3

Treasurer’s Report 5

Financial Statements for the Year Ended 31 October 2015.. 6

Statement of Financial Performance. 6

Statement of Financial Position.. 7

Notes to the Financial Statements. 7


Presidents Report

Year Two…

 

2015 was a strong year for Kiwi Randonneurs. We hosted several international visitors during our Gran Turismo Series in March. Our presence as a fledgling club now established as shown by all metrics that we track, with record participation rates across all distances for both the number of participants and total kilometres logged.  Financially, the Society is a stronger position on the back of a surplus from our GT Series, with the remainder of the accounts operating at about break even.

 

 

We've also established an ongoing relationship with Cycling New Zealand through joining Cycling New Zealand - Wellington and continue to raise Kiwi Randonneurs' profile as the premier of source of long distance cycling opportunities in New Zealand.
 

2016 season has seen some few new Ride Organisers step forward, and introduction of gravel events to our schedule, which has been led by Andrew Kerr. The idea of introducing a 12/24hr time-trial is often mooted, however to operate an event in this style would require some volunteers to make it happen.

 

Membership

With our ongoing relationship with CyclingNZ now agreed, and our membership of Cycling New Zealand – Wellington we have recently transitioned to a paid membership model. On the back of increased activity levels, we have been able to set our membership policy to include the first four rides free. This offsets a large portion of the annual fee for “casual” members, while ensuring that Kiwi Randonneurs meets its obligations to its parent organisations with respect to insurance and other administrative requirements.

Club Kit

Many thanks to Simon for organising the synthetic kit designs with Ultimo Clothing. We have seen our jerseys around the country, and abroad with the two editions that were offered – Kiwi black, and a Paris-Brest-Paris edition in red, white and blue.

Looking ahead

 

The 2016 Committee will need to look at how to better support less established regions and how we can communicate more effectively both with our members and other riders that may be interested in participating in long distance cycling.  Ideally, this would include filling our six Committee positions with President, Secretary and Treasurer supported by Editor/Comms person, an administrator and the ACP representative. There are often non-decision making tasks that the Committee would appreciate assistance with from any of our members.

 

Previously, our financial position has not enabled us to fund many of our activities in advance. We do not expect to require advances from Committee members in 2016, and are investigating whether we can start offering medals and awards immediately on completion of rides, rather than on the completion of paperwork and postal delivery from France.

 

At present, almost all of our rides are "unsupported" brevets. Although these are wholly within the spirit of Randonneuring in order to introduce new riders to Randonneuring, we will need to look at how we can operate at least a few rides a year that provide a few additional services such as supported controls and perhaps a SAG.

 

Preparations for our 1200km Tiki Tour (previously known as the Kiwi Hunt) in March 2017 will begin in the next few weeks. This will be the 2nd 1200km event operated in New Zealand under the auspices of Les Randonneurs Mondiaux and like our our GT Series in 2015, we expect to host a good number of international visitors for this ride.

 

 

Thank you for your support.

 

 

Craig McGregor, President

Treasurer’s Report

2015 was our second year since becoming incorporated. We started the financial year with a very small balance and thanks to Craig’s hard work – particularly on the GT Series we finished the year on a more comfortable financial footing. Many thanks for Craig’s countless hours in making the GT Series a success.  This will now enable us to operate the club activities with more ease.

Kelvin Spicer has been nominated for the position of Treasurer for 2016. I would like to thank Kelvin for offering to take on this role and also for assisting me with the 2015 accounts.

Simon Henderson.

Treasurer.



Financial Statements for the Year Ended 31 October 2015

Statement of Financial Performance

Kiwi Randonneurs Inc

Statement of Financial Performance for the year ended 31 October 2015

Revenue

2015

2014

Brevet

17,579

1,938

Interest

0

0

Donations 

0

253

Subscription

1,068

 

Jerseys

Revenue

875

Expenditure

868

7

17

Total Revenue

18,654

2,208

Less Expenditure

Brevet Expenses

10,838

195

Homologation

441

463

BikeNZ Affiliation & Insurance

1,600

200

Information Technology

541 

295

Administration (includes loan repayments of $618)

1,053

173

Signage

0

253

Total Expenditure

13,932

1,579

Surplus/(Deficit) for the year from Operations

4,722

629

          

Statement of Financial Position

Kiwi Randonneurs Inc

Statement of Financial Position as at 31 October 2015

2015

2014

Current Assets

KiwiBank-00

4500

1248

Paypal

1043

440

Accounts Receivable

0

0

Merchandise

0

0

 

5543

1688

Less Current Liabilities

Homologation fees payable to ACP

636

441

Subscriptions rec'd in advance

116

0

Loans from Members

0

618

Total Current Liabilities

752

1059

Net Assets/(Liabilities)

4790

629

Represented by:

Accumulated funds brought forward

629

-

Surplus (deficit) for year

4722

629

$5,351

$629

          

Notes to the Financial Statements

I. Statement of Accounting Policies

The Financial Statements presented here are for "Kiwi Randonneurs Incorporated" (the Society).

The accounting principles appropriate for the measurement and reporting of earnings and financial position on an historical cost basis have been used.

II. Goods and Services Tax

The Society is not registered for GST purposes. All items in the financial statements are stated at their cost to the Society.

III. Income Tax

The Society has received an exemption from income tax under section CW 46 of the Income Tax Act 2007.

IV. Securities and Guarantees

There were no secured loans or mortgages against the property of the Society at the balance date, nor has any such facility been arranged.

V. No Prior Balances, Loans, Income or Expenses

The Society was formed in December 2013. There are no balances, loans, income or expenses brought forward from prior to the formation of the Society relating to the Finanancial Statements.    


Powered by Wild Apricot Membership Software