Te Korowai o Ngāruahine Trust - Annual Report 2024
Front Cover: Liam Cassidy Ngatai, year 12 tauira from Te Kura o Ngā Ruahine Rangi and Ngaputiputi Akapita representing Ngāruahine Iwi, Te Ruruku Pūtakerongo (1 September 2023), Ōwae Marae.
The theme of this annual report is ‘Te tupuranga e tupu mai ai’, setting foundations for our next generations. Te Ruruku Pūtakerongo marked an extraordinary occasion for uri of Taranaki. Multitudes gathered at Ōwae Marae to witness the signing of the Taranaki Maunga Collective Redress Deed where our rangatahi shared their whakaaro and aspirations: “E mōhio ana ahau ki tōku maunga, e mōhio ana tōku maunga ki ahau” Liam Cassidy Ngatai
This year has seen the foundations of many kaupapa across the Ngāruahine landscape being laid and set. This mahi is undertaken with a firm focus on our future, on ensuring that our next generations have a voice and a place to stand.
NAU MAI E TE AO AWATEA
ŪWHIA MAI TŌ HĀ KI ĒNEI MOURIORA
HURIHIA TE PŌURIURI, TE PŌ HĀNGŪ KI TUA
KEI TE TUHI, KEI TE RARAMA
HURA MAI TE RĀ
Nā Tākuta Huirangi Waikerepuru.
IMAGEIHIRANGI CONTENTS
Ka Ora Taku Toa - Vision 2026
Trust Deed Requirements
Pouwhakarae Report
Tumu Whakarae Report
Annual Highlights 2023 - 2024
This Year - At a Glance
Reporting Against the Annual Plan
Pg 1-2
Pg 3-4
Pg 5-8
Pg 9-11
Pg 12-22
Pg 23-24
Pg 25-26
Te Kīwai Mauī o Ngāruahine - Heamana Report Pg 27-31
Te Kīwai Mauī Board of Directors
Pg 32-34
Supplementary Information
Te Korowai o Ngāruahine Trustees Highlights Pg 35-42
Trustees Interests
Independent Members Profiles
Pg 43-50
Pg 51-52
Governance Sub-Committees and Subsidiaries Pg 53-54
Our Kaimahi Pg 55-60
Minutes of the 2023 Annual General Meeting Pg 61-70
The Hui ā-Tau (Annual General Meeting) of Te Korowai o Ngāruahine Trust will be held at Aotearoa Pā, 63 Hastings Road, Okaiawa on Saturday, 23 November 2024 starting at 9am with mihi whakatau followed by morning tea.
AGENDA
Karakia tīmatanga
Welcome
Apologies
Confirmation of previous minutes
Pouwhakarae Report (Te Korowai o Ngāruahine Trust) Heamana Report (Te Kīwai Mauī o Ngāruahine Ltd)
Receive Audited Financial Statements for period ending 30 June 2024
Appoint Auditor for 2024/25
Accept Trustee remuneration 2024/25
Trustee highlights Presentations
General business
Closing comments and acknowledgements
Waiata and karakia whakamutunga
Copies of the Annual Report will be available from Te Korowai o Ngāruahine tari and on our website. www.Ngāruahine.iwi.nz
Te Ahurei-Kōtuituia Katene-Rawiri at Taranaki Tū Mai 2023.
KA ORA TAKU TOA | VISION 2026
PAE TAWHITI
VISION
KA ORA TAKU TOA
NGĀ MĀTĀPONO VALUES
Mahi Ka Tika Transparency
Mahi Pono Trustworthiness
Manaakitanga Sharing and caring
Māhakitanga Respect and humility
Ngākaunui Sound judgement
Hari me te koa Fun and celebration
NGĀ POU STRATEGIC OBJECTIVES
Tupua te Mauri (Taiao)
Our natural environment is protected for generations to come.
Poua te Pātūtū (Kāinga) Te Kawa Whanakeora (Mahi)
Ngāruahine uri have access to warm and healthy housing.
Ngāruahine uri are inspired to determine their own career pathway. Ngāruahine uri experience equity in education, training and employment.
TE TŪĀPAPA
Ngāruahinetanga
The Ngāruahinetanga pou is the foundation pou that is about growing the creative and cultural wealth of Ngāruahine and strengthening and celebrating the unique identity of Ngāruahine. Ngāruahine uri are culturally confident and connected. Our rich Ngāruahine creative and cultural expression is visible, heard, felt and valued everywhere. Our Ngāruahine tikanga, reo and taonga tuku iho is protected and preserved.
Ngāruahine roopu whakangahau ki Taranaki Tū Mai 2023.
TE KOROWAI O NGĀRUAHINE TRUST DEED REQUIREMENTS FOR PLANS AND REPORTS
The Requirements for the Annual Report
An Annual Report prepared in accordance with clause 10.1 shall be made available not less than 20 Working Days before an Annual General Meeting and shall contain, in respect of that Financial Year, the following information:
a. comparison of the Ngāruahine Group’s performance against the annual plan;
b. a balance sheet and income and expenditure statements and notes so as to give a true and fair view of the financial affairs of the Trust and the Ngāruahine Group for that Financial Year. The financial statements shall include as a separate item:
i) details of any remuneration or fees paid to any Trustee or any Trustee’s firm and details of any premiums paid in respect of Trustees’ indemnity insurance;
ii) changes in the value of the Trust Fund;
iii) profit distribution;
c. the steps taken by the Trust to increase the number of registered Members;
d. details the sales and exchanges of Settlement Quota in the previous Financial Year, including:
i) the quantity of Settlement Quota held by the Asset-Holding Company of the Trust at the beginning of that year;
ii) the value of Settlement Quota sold or exchanged;
iii) the identity of the purchaser or other party to the exchange;
iv) any transaction with Settlement Quota that has resulted in a registered interest by way of caveat or mortgage being placed over the Settlement Quota;
v) the Settlement Quota interests that have been registered against the Quota Shares of the Trust; and
vi) the value of Income Shares sold, exchanged, or acquired.
e. the interactions of the Trust in Fisheries matters, including:
i) with other entities within Ngāruahine; and ii) with other Mandated Iwi Organisations; and iii) with Te Ohu Kai Moana Trustee Limited;
f. any changes made to the constitutional documents of the Trust or Trust Entities.
Te tupuranga e tupu mai ai!
POUWHAKARAE REPORT
Ko Tūheitia ki runga, ko Ngā Wai Hono i te Pō ki raro – e ara e tō tātou Arikinui!
This year has been full of significant loss, change and growth. This Te Korowai o Ngāruahine Trust Group (‘the Group’) Annual Report for the period 1 April 2023 to 30 June 2024 is reflective of ‘Te tupuranga e tupu mai ai’.
As we continue into the fourth tenure and the 10th year of Te Korowai Board, we acknowledge the mahi of the previous Board who led the first five months of this 15month reporting period. They are: Paula Carr, Allen Webb, John Hooker, Te Aroha Hohaia, John (Haney) Kahupūkoro, Caroline Scott and Grant Weston. Our Board has made the commitment that the strategies put in place during your tenure will continue to be implemented and realised over our term. Nā koutou te tūāpapa i whārikitia – kei te mihi.
To my fellow Trustees, thank you for your dedication and counsel over this period. I am thankful for the wisdom of our experienced trustees: Ferinica HaweForeman (Deputy Pouwhakarae), Ngaraina Brooks (Chair, Tumu Herenga Tāngata), Kiri Erb (Chair, Te Ohu Arotake), Sarah Mako and Te Ahu Rei. I am also thankful for the perspectives of our new Trustees: Taukē King, Katrina Taylor, Dion Luke, Rere-No-A-Rangi Pope (Chair, Te Mataōwhiti), Liz Ross and Bee Weston. You can find out more about the current Board on pages 35-42. E rere ana ngā mihi ki a koutou e ngā taratī.
We have also had the privilege of holding our Board hui at our various pā, hosted by our hapū. This is an opportunity to hear directly from our hapū, sense check what we are doing and how we can improve the way we serve our iwi. We look forward to continuing this approach over the next year. Tēnei te mihi ki ngā kōmiti ā-hapū e whakapau werawera ana – e kore e mutu ngā mihi.
Emma Gardiner
Board hui ki Te Aroha pā.
Board hui ki Kanihi-Māwhitiwhiti pā.
Whēkere,
whēkere rā
The commencement of the current board tenure coincided with the election of the new coalition government. Te Korowai does not have any political affiliations and will work alongside any government to progress the interests of Ngāruahine. Equally, Te Korowai have the responsibility of challenging any policies that conflict with the interests of Ngāruahine.
The reform and policy agenda of the current Government has unprecedented detrimental effects on the rights and interests of our hapū and iwi. Te Korowai submitted a total of 16 written submissions, followed up by oral submissions delivered in te reo Māori over a very short period of time. To put this into perspective, this exceeds the number of submissions over the past six years. Written submissions on major bills can be found on Te Korowai website, Pāpāho News page.
Te Korowai is deliberate and principled in its response to the current Government agenda, defending the rights and interests of our hapū and iwi without losing traction on our priorities. This includes the utilisation of te reo Māori in our engagement with central Government. The purpose of this is to demonstrate the value and demand for te reo Māori in real terms and create resourcing pressure on central Government policy agenda.
Te Korowai also supported uri engagement through individual submission workshops and participation in key kaupapa around the motu, including: Hui ā-motu, Rātana, Waitangi and Hui Taumata.
Ka rere kei runga kei te rangi, kei te papa
Over the last two years, Te Korowai has highlighted the realities of the current market cycle and the impact this has on Group performance. This continued to be a challenge over this financial period.
In 2022/23 (12 months ending 31 March), the Group received total income of $4.6m and had expenses of $4.75m resulting in an operating loss of $125k. By comparison, in 2023/24 (15months ending 30 June) the Group received total income of $7.11m (54% increase) and had expenses of $6.43m (35% increase) creating an operating profit of $0.71m. This is an increase in operational profit of $835k before tax.
The total comprehensive income for 2023/24 was $4.02m which contributed to the growing total asset base of $118m to 30 June 2024. This is a $3.88m increase in comprehensive income on the previous financial year. Since we settled with the Crown in 2014, our overall assets have grown in value by $52m (as at 30 June 2024).
I would like to acknowledge Dion Maaka, Heamana of Te Kīwai Mauī o Ngāruahine and his Board for their contribution to a successful financial year. The investment performance is further explained in his report on pages 27-31.
I would finally like to acknowledge Te Rōpū Hāpai and their Group shared services function, who have actively monitored our financial performance, forecasting and mitigation actions. Despite the challenging market cycle, financial pressure caused by inflation and resulting increase in expenses – their active management has resulted in an operational profit, rebounding from the operational deficit of the previous financial year. Kei runga noa atu koutou!
$4m after tax profit for FY24. ($139k FY23)
$118.5m total assets for FY24 ($112.3m FY23)
I tere waka, i tere ki whea?
As Te Korowai Board, we need to be held to a high level of accountability. We are all aware of the challenges and benefits of having an elected Board. Continuity through election cycles is not a given, and therefore, we need to make sure there is strong professional development, systems and decision-making processes in place. This first year of our tenure has included:
• A comprehensive induction and professional development plan that is front loaded to ensure that learnings are put into practice and benefits are maximised
• Review and development of policies, including the Conflict of Interest Policy
• The establishment of Te Mataōwhiti, our Te Reo Māori and Ahurea subcommittee
In addition, the Board and leadership team workshopped to develop a Group business model for the iwi. This model identifies how we can efficiently allocate resources to and measure benefits uri.
The Group business model is a natural progression from Pupuke te Hihiri, our Impact Investment Strategy¹ where the internalisation of investment management and shared services results in an increased contribution to our iwi economy. This isn’t limited to financial or business services, but also contributes to a greater visibility of Ngāruahine toi and kōrero through the developments we invest in.
¹You can check out our Pupuke te Hihiri Whai Rawa Strategy document online by scanning the QR code below:
I tere ki uta, i tere ki tai
Finally, I would like to thank our Tumu Whakarae, Te Aorangi Dillon and our kaimahi. Election years can be disruptive, and the team were able to ensure the successful delivery of annual priorities, improvement programmes and address emerging political challenges. You have navigated this period of change amazingly well, and our Board is proud of the individual and collective leadership of our kaimahi and the servitude and commitment you have to Ngāruahine. More information regarding the key kaupapa of the year can be detailed in the Tumu Whakarae report on pages 9-11.
As we head into the new year, the Board has approved an ambitious annual plan (see page 81-82). We look forward to seeing you at our hui ā-tau and sharing more details regarding this reporting period and the year ahead.
Pai mārire!
Emma Gardiner Pouwhakarae
Te Korowai o Ngāruahine Trust
Toitū te Tiriti activation hīkoi ki Te Hāwera.
TUMU WHAKARAE REPORT
Te Aorangi Dillon
Uruuru te moata, totoro te pūhina, tākiri te puata kaipō. Hira mai te haeata ki ēnei tauira, te ohonga ake o ēnei manawaora.
Te aro ake nei ki te tūramarama, te āio nuku, te pūtaketake rongo.
Te hau angiangi, e taiāwhio nei i ngā koroputa o te ihunui, o te ihuroa, o Tama ihu ngongohau
Tākiri ko te ata, ka ao, ka ao, ā, ka wātea!
Moe mai rā e te Kiingi Tūheitia Potatau Te Wherowhero te Tuawhitu i ngā rārangi tupuna o te pō. Waiho mai a Te Arikinui Ngā Wai Hono i te Pō, ki tātou e tangi tonu nei, ki te mata o te whenua.
Huri noa ki tātou ngā waihotanga o rātou ma, tēnei te mihi maioha ki tātou katoa. Ka mihi hoki ki ngā kaitiaki o ngā taonga tuku iho, ki ngā kaihautū me ngā kaihoe o ngā waka e anga whakamua ana i tēnā kaupapa, i tēnā kaupapa o Ngāruahine. Tēnei te mihi ki koutou e whakapau kaha ana ki te manaaki, ki te tiaki i tō tātou iwi e anga whakamua ana ki te anamata. Tēnā tātou katoa.
Over the 2023-24 year, our team has experienced significant shifts. Embracing Te Ara Toiroa, we have continued to prioritise our own uri into various roles within the tari. While bringing in new energy is always positive, it often means farewelling others as they develop and move on to new horizons. This year, we farewelled Dion Luke, Rangihuna Waller, Ngaputiputi Akapita and Rowan Reihana, all of whom played huge roles within the kaupapa and left big shoes to fill. We thank them for their mahi for our people.
Te tupuranga e tupu mai ai
This year, we continued to focus on development— development of our hononga, our reo me ōna tikanga, our policies, systems, engagement, and internal capabilities.
In March the Board released a media statement reaffirming its dedication to Te Reo Māori by advocating its increased usage within government engagement while also encouraging everyone else to do so as well.
This has meant we have had to look inwards to reflect on whether we are walking the talk. It was quickly realised that while we all have a love for our reo me ōna tikanga, we must improve on our delivery. We are proud to report that we have successfully implemented the beginnings of a Te Reo Māori capability-building plan for all kaimahi. Therefore further embedding our language and tikanga into our day-to-day operations, and working daily on building our capability to communicate in our language not just within the tari, but also externally. Thereby mirroring the efforts of our uri who have engaged for another year of learnings with Te Whare Kōrero o Ngāruahine.
Ngāruahine ki te motu
Early in the year, after reviewing documents and wānanga material from various kaupapa held in the kāinga over the past ten years, we identified the need to get out amongst our people around the motu. We embarked on a motu roadshow, stopping at Ōtautahi, Tāmaki Makaurau, Kirikiriroa, Te Whanganui a Tara, and Te Papaioea, we gathered feedback from over 400 of our uri who came to connect with kaimahi and each other.
Questions asked:
What kaupapa would bring you home? What initiative would make you move home? How do you stay connected with Te Korowai? How can we strengthen your connection to the iwi?
Key themes:
Communication: Uri want improved communication including hard copy letters, email updates, and an iwi app alongside social media.
Event and Wānanga Participation: There was strong support for more wānanga, events and motu roadshows, with calls for advanced notice and virtual hui / live streaming options to continue. Key kaupapa that would bring our uri home included Kura Reo, Poi wānanga, Taranaki Tū Mai, and Puanga/ Matariki celebrations.
Housing and Employment: Uri are seeking housing and job opportunities for them to consider moving home, with suggestions for rent-to-own schemes, land for building homes, and career pathways for rangatahi.
We are excited by this feedback. The kāinga wānanga review material also highlights that these aspirations are shared by those who are living in the kāinga. Future planning will continue to incorporate the outcomes of the motu roadshow, along with the feedback received from hapū during their hui with the Board. This will help us stay on course with the hapū development plans and the two remaining years of the Ka Ora Taku Toa strategy.
Ngāruahine ki te kāinga
Te Whare Kōrero o Ngāruahine led us into Puanga 2023 with the launch of the inaugural Kura Reo held under the umbrella of Te Korowai o Ngāruahine. This kaupapa was hosted at Oeo Pā and attended by over 200 uri who whakapapa to our Maunga. It was evident that not only are our own uri eager to learn their reo, but also our relations from around the Maunga and throughout the motu. Kaupapa such as Kura Reo are a valuable opportunity for uri to return to Ngāruahine, immerse themselves in their reo, and reconnect with whānau.
Following the Kura Reo the ‘Puanga Ritenga’ were attended by over 150 uri, who also witnessed the launch of our reo Māori version of Te Rere o Kapuni. This pukapuka has been released to Kura Kaupapa Māori around the motu and Ministry of Education will release the English version to Kura Auraki in due course. This special occasion was capped off with our very own uri, Sherisse Thompson singing us into Puanga! It was a grand affair that was enjoyed by all.
Ngāruahine ki Taranaki
‘Taranaki Tū Mai’ was another major event attended by over 700 of our uri. We thank all of our coordinators who volunteered their time to gather our people and increase participation. While the main focus is on participation, we can’t help but let our competitive spirits rise! We also thank our uri for coming and representing the many iwi we whakapapa to around the Maunga. Taranaki Tū Mai is another opportunity to celebrate with whānau, to be at home, and to enjoy each other’s company.
These events and other kaupapa strengthen the bonds between iwi. We have continued our focus on strengthening relationships with our iwi whanaunga around the Maunga. Working alongside organisations like ‘Ngā Iwi o Taranaki’, we co-hosted the initialling of the Deed of Settlement for Te Ruruku Pūtakerongo at Aotearoa Pā. Ngāruahine attended the signing of Te Ruruku Pūtakerongo at Ōwae Marae, and a small delegation travelled to Parliament to support the first reading. These important kaupapa are bigger than ourselves and unite us as Taranaki iwi.
Ngāruahine Basketball - Taranaki Tū Mai runner’s up 2023.
Ngā āheinga me ngā whakaneketanga
You may have noticed a larger set of financials than usual, this is because Te Korowai successfully completed a change in its balance date this year, shifting the tax year-end to 30 June to better align with our aspirations that are set at Puanga. This adjustment allows us to begin the year focussed on the kaupapa, with the reporting now aligned to reflect this focus.
This also means that the term we are reporting on for this financial year is 15 months, the next financial year will return to a 12-month reporting process. These are just a few of the major initiatives the team has implemented this year.
We have supported hapū to record wāhi tapu and gather evidence for their MACA projects, we continue to work on Toitū te Whenua and have successfully secured the return of Kapuni School to Ngāti Tū. Negotiations with LINZ continue as we navigate change in staff and a shift in government priorities, at their end.
Tupua te Mauri has secured funding to launch an Awa Monitoring programme in the 2024/25 year and are involved in research on the Blue Whales of the South Taranaki Bight. Also, in the taiao space, they are supporting hapū relationships with industry within Taranaki and are assisting with submissions regarding the current Government Policy Agenda.
With the support of Te Korowai o Ngāruahine Trustees, Te Rōpū Hāpai is working alongside several iwi entities across the motu to support the development of a new Financial Reporting framework. The framework will focus on enabling our entities to reflect and communicate the intergenerational impact we have made over the years. This will become a voluntary standard, outside of the general financial reporting mechanisms already in place and has been launched by the External Reporting Board (Government appointed body responsible for administering financial reporting standards).
More Pou highlights are available from pages 12 to 22.
Te anga whakamua
Amongst the BAU and kaupapa celebrations, Te Korowai o Ngāruahine has also been through the three yearly election cycle, welcoming in new Board members and farewelling those who have served us well. Again, the injection of new energy into the kaupapa while being steadied by our longer serving trustees offers Ngāruahine a long-term vision of prosperity and sustainability.
It’s heartening to see succession at work within our hapū and pā, making it easy for us at Te Korowai to follow suit.
As of 30 June 2024, our register is at 7032. That shows a growth of 640 over the past 15 months, however, we know there are more of our uri out there who we can assist so don’t forget to tono to your whānau to register with Te Korowai so we can keep everyone up to date with what is happening within our hapori.
E hai!
Nā reira, e ngā mana, e ngā reo, e ngā uri puta noa i te motu, tēnei te mihi atu ki koutou. Me hoki ngā whakaaro ki ngā mahi kua oti, ki ngā whāinga kei mua i te aroaro. Mā te kotahitanga o te hoe me te ngākau aroha, ka tutuki ai ngā mahi hei painga mō tō tātou iwi.
Nō reira, tēnā tātou katoa.
Te Aorangi Dillon
Tumu Whakarae
Te Korowai o Ngāruahine Trust
Brother and sister Te Hiwa Wright and Waikohu Greenland enjoying their copy of Te Rere o Kapuni book.
NGĀRUAHINETANGA
NGĀRUAHINE KI TE MOTU 2023
In July 2023, we took our first roadshow out to the motu to connect with whānau who live outside of the kāinga. Across five cities, Ōtautahi, Tāmaki Makaurau, Kirikiriroa, Te Whanganui a Tara and Te Papaioea, memories were shared and connections were made. Over 200 of our uri came to catch up with their whanaunga, some bringing their tamariki to enjoy the venue facilities.
Uri gave Te Korowai feedback on life outside of the kāinga and how best to keep in contact with them, some registered or updated their registration and all came to enjoy a kai and kōrero about what is happening back in our homelands.
We’d like to acknowledge all uri who made it to one of the venues. Below are some of the ‘connectors’ identified which we will endeavour to weave into our kaupapa moving forward:
• Merchandise available online
• Social media lives
• More roadshows
• Bring Ngāruahine kaupapa out to the motu
• More wānanga, events and gatherings
• Keep uri up to date with events and kaupapa
Ngāruahine ki te motu 2023.
TE WHARE KŌRERO O NGĀRUAHINE
Ko te kaupapa matua ki Te Whare Kōrero o Ngāruahine kia noho haumaru ai ngā taonga o Ngāruahine. Kia whai wāhi kia kōputu ai ō taonga me te whakatū i ōna tikanga kia noho āhuru mōwai tātou. Kia tuku mā ā tātou tamariki e whakaora i ngā taonga o Ngāruahine.
TE REO O NGĀRUAHINE
Te Pōkaitahi Reo continues to promote the learning of Te Reo within Ngāruahine and the wider community. During the year we offered NZQA qualification levels 1-4. In July 2023, we supported Te Reo o Ngāruahine in the delivery of our very first Kura Reo. Held at Oeo Pā, this kaupapa saw many of our uri returning home – i tae mai te tini me te mano, kua kitea te tino hiakai o ngā uri ki te ako, ki te whakarauora i tō tātou reo Māori. Next year we plan to deliver another Kura Reo and Wānanga Reo. Nau hoki mai e te iwi!
Te Pōkaitahi Reo ki Ngāruahine - Kaupae Tuatahi 2024.
NGĀ TAONGA
‘Ki Taupaenui’ will house our archives of written, audio, and visual recordings. Through the support of Ngā Taonga Sound and Vision, we now have the capability to digitise recordings from cassettes, VHS, CD and DVD. Transcribing and interpreting waiata tawhito is also a research project currently progressing within Te Whare Kōrero.
TUIA NGĀ TOI O NGĀRUAHINE
This kaupapa brought together the creatives of Ngāruahine to express Ngāruahinetanga through visual and performing arts. Artworks for Ngā Rere were designed and produced with the assistance of Pahi O’Carroll leading the whakairo, Kim Kahu leading the tukutuku, and Haoro Hond and his Toihoukura team leading the painting. Wānanga held provided an opportunity for those interested to work and learn alongside our leading artists of Ngāruahine.
NGĀ POU O TE TAU
Observing the Ngāruahine Environment Taiwhenua, Taimoana, Taiawa, and Tairangi, was the main focus of these wānanga. Bringing our uri together to acknowledge the seasons and to share their observations. Mā Ngāruahine tāngata ēnei kaupapa e whakamana.
TE ŪKAIPŌ
KA REWA TE KOHU | HUINGA RANGATAHI
On 13 April 2024, Te Ūkaipō held its inaugural rangatahi conference, Ka Rewa te Kohu. Ka Rewa te Kohu derives from the ngeri “Tērā te wā” and speaks to the lifting of vision obstructing mist. The aim of this conference was to provide inspiration and encouragement to our rangatahi, that may help shift any obstacles and sow a seed of potential for each of them.
Our rangatahi were exposed to and inspired through the experiences of their peers who work in various professional contexts. Our guest speakers included many of our own uri like Kereama Wright, Te Ingo Ngaia, Kurarauringa Hudson and Naomi Puketapu-Waite. Two panels also took to the stage, aptly named, ‘Hoki Mai ki te Ūkaipō’ and ‘Te Ao Haka’, who enthralled the rangatahi through their lived experiences and perspectives.
We were also honoured to have our whanaunga Natale Haupapa, owner and operator of E Hoa Clothing & Design, share her amazing journey along with the exceptional Graham Hoete, aka Mr G, the renowned contemporary multi-disciplinary artist and designer. We look forward to other huinga rangatahi in the future!
Raewyn Māraki with Hoki mai ki te ūkaipō panelists Tamati Maruera, Meka Mauriri, Puawai Hudson and Rere-No-A-Rangi Pope.
Raewyn Māraki with Natale Haupapa. Te Ingo Ngaia.
Naomi Puketapu-Waite.
Kereama Wright.
Taukē King with Te Ao Haka panelists Te Ngawari Wright, Harlem Thompson-Tapiki, Tūheimoa Maruera and Ngatokoa Tikitau.
Kurarauringa Hudson.
Graham Hoete, aka Mr G.
ANNUAL HIGHLIGHTS 2023 - 2024
NGĀRUAHINE IWI REGISTER - HAPŪ VALIDATORS
Te Korowai o Ngāruahine Trust have a responsibility to administer and maintain the Ngāruahine Register. This is made possible through the hard work of our Membership Committee (six hapū validators). The validators play an important role in supporting the Ngāruahine Iwi Register. The register relies heavily on the validator’s knowledge of whakapapa, their strong relationship with their hapū and their supportive role with other validators.
URI REGISTRATIONS 2023 - 2024
7,032
June 30 2024 (10% Increase)
6,392 - March 31 2023
This year has seen a substantial growth in uri registrations from 6,392 to 7,032, an increase of 640 (10%). An amazing feat considering the 2018 Census had our estimated population at 6,678. We take this opportunity to acknowledge the amazing work of the past and present Membership Committee that has resulted in this burgeoning outcome.
POUA TE PĀTŪTŪ (KĀINGA)
KA URUORA
Te Korowai o Ngāruahine continues to develop pathways for uri to access warm and healthy housing, aiming to support whānau and expose uri to home options that meet their needs and circumstances. Part of this effort involves promoting the Ka Uruora programme, which includes WhānauSaver and Financial Literacy Courses.
This year, an additional 194 individuals registered with Ka Uruora, bringing the total to 304. Encouraging whānau participation in the WhānauSaver programme has been a priority, and so far, 182 members have joined. Additionally, three whānau have been supported into shared equity housing.
In terms of education, 71 uri have completed the four-week Financial Literacy Course. We are excited to report that, following this course, two individuals have successfully purchased homes on the open market.
These initiatives are integral to Te Korowai o Ngāruahine mission of fostering a supportive environment for whānau, promoting financial literacy, and providing pathways to secure, healthy housing.
If this is something that you and your whānau would be keen to learn more about, please visit the Ka Uruora website for more information or contact Ritihia Waller.
Scan here for more information from the Ka Uruora website.
Ngā kaimahi o Ka Uruora: Tanisha MacDonald, Hinepare Ruakere, Te Waka Mcleod.
TE KAWA WHANAKEORA (MAHI)
TE ARA TOIROA
Te Korowai o Ngāruahine continues to flourish under Te Ara Toiroa with growth in kaimahi numbers and new staff set to join the Lodge (Ngā Rere) operations on the maunga. A planned investment of $9.9m will drive this expansion. Currently $1.7m is allocated to the tari, 17 out of 21 kaimahi whakapapa to Ngāruahine, while others connect to Taranaki Whānui and Te Whakatōhea. Ngā Rere will employ thirteen kaimahi, with $882k invested in expanding the Ngāruahine workforce. An additional $540k was invested into the Ngāruahine economy via supplier payments that are registered on our database.
Te Ara Toiroa prioritises Ngāruahine uri in all procurement. This year, we partnered with an IT provider partly owned by an uri, and all event catering, from conferences to wānanga, is sourced from our own. We now have 76 uri and 75 businesses registered in the Skills and Services database, enabling us to share opportunities and prioritise the procurement of uri services.
Building Apprenticeships
We currently have two building apprentices working on the maunga, Ngāruahine uri Seth Waller (KānihiUmutahi me Ngātu Tū) and Herewini Ngāwhika (nō Kānihi-Umutahi me Ngātu Tū tōna hoa rangatira me tāna tamāhine).
Livingstone Construction are the primary contractor building on the maunga and have continued to support Te Ara Toiroa in their engagement with uri and whānau whānui through their apprenticeship programme.
Trade training and apprenticeship programmes provide financial stability through “earning while learning,” but often fail to address trainees’ need for essential tools and equipment. On 4 June 2024 at the Livingstone Building site on Taranaki Maunga, Seth and Herewini were each presented with an apprenticeship tool pack valued at $4,000 each. This was made possible through a partnership with the South Taranaki District Council’s Mayors Taskforce for Jobs Team and Bunnings Warehouse.
Jessica Huqsar, Bunnings Taranaki Regional Development Manager, valued their role as a supply partner to Livingstone Building and an active supporter of Ngāruahine Iwi and the South Taranaki District. Andrew Sharrock, Site Manager for Livingstone on Taranaki Maunga, commended the apprentices for their hard work and emphasised that the comprehensive apprenticeship tool pack will advance their development and future careers as builders. Ka mutu pea!
Adrian Tamou (Bunnings), Alan Davis (Mayors for Taskforce advisor STDC), Jessica Huqsar (Bunnings Taranaki Regional Development Manager), Tina Parata (Mayors Taskforce for Jobs advisor), Andrew (Sharkey) Sharrock (Site Manager - Livingstone Building Ltd), Seth (Pā) Waller (Apprentice), Herewini Ngawhika
TOTAL INVESTMENT FOR TE ARA TOIROA
KAIMAHI
NGĀRUAHINE
KAIMAHI
OTHER KAIMAHI
TOTAL NUMBER: 18
TOTAL VALUE: $1,406,274
TOTAL KAIMAHI:
TOTAL NUMBER: 4
TOTAL VALUE: $334,055
TOTAL NUMBER: 22
TOTAL VALUE: $1,740,329
BUSINESS INVESTMENT (SUPPLIER PAYMENTS)
NGĀRUAHINE SUPPLIERS
TOTAL NUMBER: 73
TOTAL VALUE: $539,824
TOTAL INVESTMENT FOR TE ARA TOIROA:
TOTAL NUMBER: 95
TOTAL VALUE: $1,946,099
IWI BUSINESS & SKILLS DATA BASE
SKILLS INDUSTRY BREAKDOWN
BUSINESSES REGISTERED: 75
TOTAL SKILLS REGISTERED: 76
In March this year, Te Korowai commenced a media campaign to identify and register uri businesses and skills in order to privilege uri whenever opportunities arise for jobs, service contracts and business development. We had an amazing response with 151 registrations - 75 businesses (the majority of which are in the construction sector) and76 registered skilled uri / individuals ranging from architects, IT specialists, videographers and a Dairy AI technician. To register your skill or business, please scan the QR code below.
TUPUA TE MAURI (TAIAO)
TE WAI MĀORI FUNDING SUCCESS
Our taiao team has heard the call loud and clear that our awa are in a poor state – and you don’t need to be an expert to see it. The last time you visited your awa, what did you experience? How did it look, how did it smell, how did it make you feel?
Have you seen algae growing in abundance, a lack of kai, or even if it was there – would you want to eat it?
Understanding the current state of our awa, and how their health can be improved was a major reason we applied for research funding on behalf of ngā hapū o Ngāruahine.
We are pleased to announce that our application was successful, and we have secured $340,000 from Te Mātāpuna o te Wai Fund. This funding will be used over the next year to grow capacity within hapū, to empower our kaitiaki who live, fish, swim and know these awa intimately.
FAST TRACK CONSENT BILL SUBMISSION
With last year’s election seeing a change in Government, a flurry of legislative activity has swept across the political landscape. One of the most daunting challenges ahead is the Fast Track Consent Bill, which has been coined ‘The War on Nature’.
This Bill, if adapted into legislation, will grant ministers the ultimate authority to approve projects following recommendations from an expert panel, without any obligation to solicit public input or conduct hearings. Te Korowai put forward a submission strongly opposing this Bill, outlining the blatant disregard and silencing of mana whenua in favour of development.
With submission workshops run by Pouwhakarae Emma Gardiner, our uri have had the opportunity to learn how to write robust and informed submissions. With many more legislative changes on the horizon, me tū e te whānau – let’s have our voices heard.
MAUNGATAUTARI WĀNANGA AND FUTURE KIWI TRANSLOCATIONS
158 years after Taranaki Maunga was confiscated by the Crown, our tupuna Maunga is being returned, and what better way to welcome our taonga manu like the kiwi, to Te Papakura o Taranaki.
Kiwi from Ngāti Korokī Kahukura at Maungatautari near Cambridge have been identified for translocation to Taranaki Maunga in the coming years. This relationship has come full circle as manu were gifted to Maungatautari to help establish the population back in 2005.
The Pou Taituarā Taiao, Ngatokoa Tikitau, who has worked with these manu in his previous role with the Taranaki Mounga Project, attended a Kiwi translocation wānanga with a small group of Ngāruahine uri. This wānanga was facilitated by Ngāti Korokī Kahukura, Sanctuary Mountain Maungatautari and Save the Kiwi. The purpose of the wānanga was focused on training and upskilling mana whenua in becoming kaitiaki Kiwi. The wānanga held space for learning alongside whanaunga iwi, the Taranaki Maunga Project and other Māori organisations working within the taiao space.
“Taking care of these taonga manu is more than just a job, it’s an obligation as kaitiaki and mana whenua” says Ngatokoa, who is eager to awhi our uri to lead in this space going forward.
WĀNANGA MĀRA KAI
‘Whakatū he Māra Kai ki te kāinga’ was a wānanga designed around a person or whānau, having little to no understanding of māra kai. The wānanga focused on providing whānau with the knowledge and skill set to establish and maintain a māra kai at home. Facilitated by Jasmin Milne, Rīpeka Hudson, Cushla Close and Ngatokoa Tikitau.
Initially the wānanga was to be marae-led, however, the focus shifted to a whānau-led approach, which was an efficient and effective way to empower whānau to take the lead in becoming more self-reliant, selfsufficient and independent regarding kai.
Whānau were then given māra kai packs to take home and begin to create their own māra kai. We had great feedback from our whānau. We also asked what they enjoyed most about the wānanga.
“Helping uri achieve kai sovereignty within their whānau, hapū, iwi, and marae. This means that whānau can have the types of kai that they want and when they need it.” - Rīpeka Hudson.
“My whānau and I are very grateful for receiving so much to start our Māra kai. Also love that there’s a Facebook page for us all to stay connected, show our progress and ask any pātai.” - Jenelle Robinson
“The information shared, great starting point. I’m inspired.” - Sarah-lee Rangi
“Connecting with other whānau over a love for māra kai. Learning how kai and whakapapa are connected” - Peta King
Te Korowai o Ngāruahine kaimahi Ngatokoa Tikitau facilitating the Māra Kai workshop.
The scope of the 2023-2024 Annual Plan covered activities Te Korowai o Ngāruahine Trust undertook within the 15-month period, 1 April 2023 to 30 June 2024. This period marks the third year of progress, during which actions were pursued to advance the objectives in our Ka Ora Taku Toa, 5 Year Strategy.
This period focused on ‘Actions’ within the Pou as follows:
NGĀRUAHINETANGA
Actions Status
Implementation of the Te Ūkaipō Strategy Complete
Provide Ngāruahine reo development to uri through Te Whare Kōrero o Ngāruahine Complete
Implement Year 2 Pou Whenua Strategy Ongoing
Develop a repository of Ngāruahine resources Complete
Develop digital series and storybooks promoting and sharing Ngāruahine narratives Complete
TE KAWA WHANAKEORA (MAHI)
Actions Status
Implementation of Te Ara Toiroa Implementation Plan Ongoing
Strengthening external relationships Ongoing
Developing operational processes Ongoing
Implementation of He Matauraura Strategy Implementation Plan Ongoing
Supporting uri to navigate career pathways through scholarships and grants and internships Complete
POUA TE PĀTŪTŪ (KĀINGA)
Actions Status
Continue to scope Whakaahurangi Housing Development Project Complete
Support marae and hapū through Kāinga Tipu – Hapū and Marae Kāinga Housing Development Ongoing
Support uri to access housing repair programmes Complete
Continue to provide Ka Uruora financial literacy programmes for uri Complete
TUPUA TE MAURI (TAIAO)
Actions
Status
Establish a marae based māra Complete
Complete Awa Reconnection and Monitoring Programmes within each hapū Ongoing
Support rāhui initiatives and coastal monitoring plans within hapū - Coastal Marine Area – Section 186 Ongoing
Develop hapū reference group to streamline all taiao initiatives Complete
Collaboratively develop the 2024 Annual Plan for the Ngāruahine Ngā Hiwi Maunga Complete
South Taranaki District Council – Iwi Partnership and initiatives are achieved Complete
South Taranaki District Council Partial District Plan review Complete
Develop internal mapping capabilities Complete
NGĀ ĀHEITANGA ME NGĀ WHANAKETANGA
Actions
Status
Continue to grow the iwi database Ongoing
Develop a funding matrix Ongoing
Increase hapū and marae funding capabilities Ongoing
Increase kaimahi capability Ongoing
Manage the Annual General Meeting Complete
Streamline operational processes and policy Complete
Review and redesign Te Korowai o Ngāruahine website Complete
Provide Ngāruahine apparel for uri Ongoing
Improve engagement by completing one hapū and one motu roadshow Complete
I rokohina atu rā ko te āiotanga. I riro iho ai Ngā Kete o te Wānanga.
Tuatahi rā, e rere tonu ana ngā whakaaro nui ki Te Whare Kāhui Ariki, ki tō tātou kīngi, kua riro tītapu atu rā ki te rua whakautu o ōna mātua tūpuna. Ko ia tērā, i noho ki te torona tapu i whakawātea ai e tōna whaea kia noho ko ia hei toihau, hei kīngi mō ngā tau tekau mā waru kua hori. Ko ia tērā i takatū i ngā tōpito katoa o te motu, otirā o te ao, me tōnā puhitaioreoretanga. Kei taku kīngi, kei te tūohu, kei te koropiko...Paimārire.
Heoi anō ka tītoko mai rā ko te ao mārama, kua ara ake te Arikinui Ngā-Wai-Hono-I-Te-Pō. Kei te tangi tonu te ngākau mōu otirā Te Whare Kāhui Ariki whānui.
Ka mutu, ki a tātou e takahi tonu nei i te ao tūroa, e ngana ana ki te tūtuki i te ōhākī i ōhākītia ai e Kīngī Tūheitia, o te Kotahitanga, tīhei mauri ora ki a tātou katoa.
Te Kīwai Mauī o Ngāruahine Limited (Te Kīwai Mauī) was established by Te Korowai o Ngāruahine Trust (Te Korowai) to undertake investment and commercial activities to grow the treaty settlement assets.
HEAMANA REPORT
Dion Maaka
Our role is to invest the funds entrusted to us by Te Korowai in a manner which:
• is consistent with the values and tikanga of Ngāruahine;
• enhances the wealth, reputation, pride, and aspirations of Ngāruahine, and;
• enacts kaitiakitanga through leading environmental, social, cultural and governance practices.
Over the past year our investment portfolio has performed well, delivering a profit before tax of $6.6m for the period to 30 June 2024. This result, coupled with our financial performance over the past five years, gives us confidence in our investment strategy which focuses on building a diversified portfolio of high-quality investments that provides stable income, long-term asset growth and greater impact benefits for Ngāruahine.
We have shifted a significant portion of our focus toward local investments in line with our Pupuke te Hihiri - Impact Investment Strategy. Pupuke te Hihiri maintains our commercial imperative, whilst balancing wider benefits associated with targeted investments within our rohe.
Te Kīwai Mauī is allocating up to 20% of its investment portfolio to Pupuke te Hihiri investments. Three impact investments that have been prioritised to date include; Ngā Rere, Kāinga Whakaahurangi, and Project Tūkau.
Developing Ngā Rere on Taranaki Maunga is a key impact investment that will help us share our Ngāruahine culture and manaakitanga with manuhiri, while providing opportunities for uri and the wider South Taranaki community. We are very excited to soon welcome manuhiri to this new facility.
Kāinga Whakaahurangi seeks to explore the opportunity to deliver a mixed tenure residential housing development in Whakaahurangi/ Stratford. An indicative business case was completed this year highlighting economic challenges needing resolution. We are continuing to work toward identifying a viable solution which may offer uri opportunities for mahi and home ownership throughout, and post construction respectively.
Project Tūkau aims to deliver iwicommunity multi-use spaces in Manaia. This stems from the call to action from uri to relocate back to within our rohe and is guided by the contributions made by uri and the Manaia community to a shared Outcomes Framework. We have recently moved into the final phase of due diligence and look forward to sharing updates as this kaupapa continues into subsequent phases.
We continue to support Te Korowai where appropriate to delivery on strategic priorities. Areas of progress over the past year include the incorporation of Te Ara Toiroa in procurement, preparing to advance Toitū te Whenua, and pursuing further housing opportunities for uri locally and across the motu.
On the latter, we are pleased to announce that 25% of the 20 rebated rental opportunities offered in our first Tāmaki Makaurau project have been accessed by Ngāruahine uri
KEY FINANCIAL HIGHLIGHTS
• Total FY24 comprehensive income of $6.6m (combined Te Kīwai Mauī o Ngāruahine Ltd and Ngāruahine Fisheries Limited).
• 5-year average annual return of 7.9%, 2.7% superior to equivalent market benchmarks (c5.2%).
• FY24 dividend payments of $2.95m to Te Korowai (noting annualised was $2.36m up $0.16m on last year), plus net asset growth of $3.15m.
• Significant revaluation gains generated in listed and private markets leading to $1.68m in capital uplifts.
Listed Equities -14%
Private Equity - 5%
Te Pūia Tāpapa - 2%
- 10%
(Income) - 4%
2% Infrastructure - 5% Commercial
(Growth) - 7%
Equities - 10%
Equity - 9%
(Income) - 13% Te Pūia Tāpapa - 2%
- 12%
- 6%
- 13%
As shown, our portfolio is made up of a diversified range of asset sectors, including public and private businesses, property, infrastructure and natural resources (diversified agri and fisheries). The allocation of investments takes into account the different intergenerational risk tolerances and investment goals of current and future generations of Ngāruahine to ensure the best generational outcomes, classified under three categories as presented above:
• Current Generations portfolio, which is defensively oriented
• Shared Generations portfolio, which is defensive and growth oriented
• Future Generations portfolio, which is growth oriented. As shown above, our focus has been to transition our investments from passive managed income funds into strategic direct investment asset classes where we have competitive advantage to deliver superior returns, better manage risk across and deliver greater direct impact benefits for Ngāruahine.
YEAR 2024 PEFORMANCE
Kīwai Mauī o Ngāruahine Limited
Overall, the Mauī group delivered total FY24 (15 month) comprehensive income of $6.6m (combined Mauī and Ngāruahine Fisheries Limited).
A summary of the performance of each of our investments underpinning the above results is detailed on the following page.
As detailed in the table on the following page, the investments that performed particularly strongly during the year included Tai Hekenga (Wellington ground leases), Pūainuku Vines (rural ground leases), the Hāpai Housing and Development businesses and Dexus Infrastructure Fund. Our Managed Funds investments also performed well, recovering from a challenging period last year.
The Hāpai Commercial investment return was impacted by devaluations during the year, however over the past 4 years since inception, Hāpai Commercial has delivered a strong annualised return of 16.5% per annum. The natural resources sector (particularly Pūainuku Pastures) had a relatively challenging year impacted by higher interest rates and operating costs affecting the industry. However, over the past 3 years since inception, Pūainuku Pastures has performed well, delivering an annualised return of 12% per annum. Overall, the portfolio delivered a solid result, demonstrating the value of our diversified portfolio to deliver stable income and long-term asset growth.
OUR INVESTMENTS
WHAKAKAPI HEAMANA – IN CONCLUSION
Overall, we are pleased with the performance of our portfolio this year to continue to deliver stable cash returns and investment growth. Our long-term investment return performance remains strong, outperforming relative benchmarks, underpinned by a diversified portfolio of high-quality assets.
This gives us confidence we are on the right path to continue to provide increasing benefit to Ngāruahine. We now look forward to continuing our increased focus on delivering greater impact benefits in line with Pupuke te Hihiri, with and for Ngāruahine.
Tēnei te mihi ki a Taari Nicholas, me tōna whakapau kaha hei hāpai i ngā mahi o Te Kīwai Mauī. During this reporting period we farewelled Taari as a Director. Taari was integral to the success of Te Kīwai Mauī over the last few years and serving as our Chair for two years. Ka nui te mihi ki a koe, e tōku tuakana.
Nau mai, e rarau e te tuahine Kiriwaitingi Rei. Kiriwaitingi began her tenure as Director towards the end of this reporting period and we have already benefited from the wealth of knowledge and experience that she brings. To hear more about this uri of Ngāti Tū and all our directors you can find their profiles on page 32.
In addition to Kiriwaitingi, I would like to express my gratitude to my fellow directors—Emma Gardiner, Sarah Mako, and Karna Luke—as well as our aspiring director, Amber Nicholson, and our management team for their hard work and significant contributions to our progress so far. I’m also thankful to the trustees and staff of Te Korowai o Ngāruahine for their ongoing support.
Me mihi ka tika ki ngā kaiwhakahaere o mua i whakapeto ngoi ki te whakatutuki i ngā wawata o Ngāruahine, tēnā kōrua Paula Carr kōrua tahi ko Te Aroha Hohaia.
Nāku iti noa, nā
Dion Maaka - Heamana o Te Kīwai Mauī
TE KĪWAI MAUĪ BOARD OF DIRECTORS
Dion Maaka Heamana
Ngāruahine, Ngāti Ruanui
Dion holds governance roles as the Chair of Te Rua o Te Moko Limited (Farming Company) and Chair of Autism Connex (Charitable Trust). He is the current Chief Financial Officer (CFO) for Toi Foundation and previously held the same role for both PKW Incorporation and WITT. Dion’s skills and experience encompass strategic and capital planning, policy development, and investment analysis. In recent times Dion has had significant involvement with the merger and acquisition of investments and in particular a strong emphasis on impact investment initiatives designed to promote social good for the community while achieving appropriate financial returns. Dion holds the following qualifications:
• Fellow Chartered Accountant
• Bachelor of Business Studies
• Post Graduate Diploma in Agricultural Commerce
Emma Gardiner Trustee Director
Ngā Ruahinerangi, Ngāti Ruanui, Ngāi te Ranginui
Emma has previous experience as the General Manager for Ngāti Pūkenga Investments and in business consultancy, with experience in the review of statements of investment policy and objectives (SIPO) and implementation of strategic asset allocation for wholesale investment portfolio. This includes the analysis of investments, business case writing and capital raising. More importantly, she has a strong focus on impact investments and how we can maximise and measure greater benefits for our iwi economy (social, cultural, environmental and financial). Emma has:
• Master of Business Administration
• Bachelor of Digital Media Design
• Bachelor of Arts, Te Reo Māori and Māori Studies
• Chartered Member of the Institute of Directors
TE KĪWAI MAUĪ BOARD OF DIRECTORS
Karna Luke
Independent Director
Te Ātiawa, Ngāti Maru, Ngāti Ruanui, Ngāruahine ki te Rangi, Taranaki Tūturu
Karna is currently the Executive - Customer Products and Services for the Bank of New Zealand. He is the first Māori Executive for the bank. He has held several GM roles across the BNZ including: General Manager Business Lending & Growth Sectors; General Manager SME and Enterprise Partnerships. Previously he has held key senior executive roles in global Financial Services companies, including Director of Strategy with ASX listed The Trust Company, COO (Acting CEO) of Wealth and Trustee Services at Guardian Trust. He also spent five years working in multinational corporates in Asia.
Karna has built and owns his own businesses in healthcare, beverage industry and global strategic consulting leading significant strategic and transformational change for large global companies. He is an independent director on key boards.
Karna has a Bachelor Degree in Social Policy and Social Work and a Master in Business Administration from Massey University. He is also qualified through FINSIA as a Chartered Banker and also completed the Advanced Strategic Management Executive Programme at the IMD in Switzerland.
Kiriwaitingi Rei
Independent Director
Ngāruahine, Te Arawa, Ngāti Toa Rangatira
Kiriwaitingi is a qualified solicitor who had previously held the role of CE at Māori Investments for 10 years. She is now the Head of Māori Alliances at Zespri, based in Tauranga. While being heavily involved in the kiwifruit industry and Māori economic/commercial development, she is currently a director of Scion and is the Chair of Pūtauaki Trust. She has previously held directorships on Ngāti Awa Group Holdings Ltd, Waiu Dairy LP, and the Zespri Sustainability Advisory Board. Kiriwaitingi bring a wealth of business experience and is a facilitor for the NZ Institute of Directors. Kiriwaitingi believes governance is important because it’s about making a difference, and she is passionate about changing the status quo around how companies and trusts operate.
“The sole instrument for measuring success is no longer just economic outcomes - it is about complementing this with values of kaitiakitanga (environmental stewardship), manaakitanga (social responsibility), diversity and inclusion, and social equity”.
TE KĪWAI MAUĪ BOARD OF DIRECTORS
Sarah Mako
Trustee Director
Ngāruahine, Te Arawa, Mōkai Pātea
Sarah has a Bachelor of Resource and Environmental Planning (Honours), with experience in local government in New Zealand and the United Kingdom. She has extensive experience as a senior Māori resource management practitioner, particularly in iwi, local, regional and national environmental policy, submission and cultural impact assessment preparation, and ensuring the aspirations, rights and interests of Māori are recognised and provided for. Sarah is a member of the Institute of Directors and sits on the Board of the Taranaki Rugby Football Union.
Amber Nicholson
Aspiring Director
Ngāruahine
Amber is a senior lecturer at the University of Auckland Business School, with over 10 years research experience in projects with a strong Māori economic development focus. Her PhD explored ways to enhance Māori wellbeing through recognising and honouring the ancestral landscapes in which business operates. Amber is an active participant in national and international research, industry and community networks that promote mātauranga Māori through a kaitiakitanga lens.
Katrina Taylor, Kānihi-Umutahi
Having only joined the Board in December 2023 after the resignation of our previous māngai, Paula Carr, I am very privileged to represent my Hapū, our future dreams and aspirations, and to ensure we have a strong Kānihi-Umutahi voice at the iwi table. Being a member of Te Mataōwhiti; a sub-committee that supports the use of and development of Te Reo Māori me ōna tikanga, is an exciting opportunity, along with the numerous governance training available to board members.
Toitū te matauraura.
Te Hapimana (Taukē) King, Kānihi-Umutahi
Kātahi ngā pūtake huhua i puta me taku nohoanga ki waenga i te Poari o Te Korowai o Ngāruahine:
• Hei taringa, hei māngai, hei kanohi mō Kānihi Umutahi ki Te Korowai
• Ngā mahi whakawhanake i ngā pūkenga taratī
• Kia rongo ki ngā wawata ō tēnā hapū, o tēnā hapū
• Ngā rautaki motuhake kua rewaina e Te Korowai
• Te pānui tuatahi o Te Pire Whakatupua
• Ngā whanaketanga o roto i ngā kaupapa ‘Tūkau’ me
‘Whakaahurangi Papakāinga
• Ngā ara whakatipu rangatahi, whakakorowai pēpi, me te whakairi whānau ki ngā taumata e moemoeātia.
Kānihi-Māwhitiwhiti Pā
Emma Gardiner (Pouwhakarae), Ōkahu-Inuāwai
A highlight for me is the increase in the volume and quality of engagement with our uri, particularly, a record participation at Taranaki Tū Mai of 730 uri, the oversubscription of our first Ngāruahine Kura Reo of 150, Puanga celebration, various Te Ūkaipō events and supporting Ngāruahine haerenga to Tūrangawaewae, Rātana and Waitangi. Celebrating our Ngāruahinetanga is vital to whakapiki wairua – rangatahi mai, pahake mai.
These are also opportunities to hear directly from uri, get that reality check and help prioritise the kōrero we have at the Board table.
Ngaraina Brooks, Ōkahu-Inuāwai
I have the privilege of being part of a future focussed board and organisation. I have experienced great discussions, ambitious whakaaro, intergenerational kōrero, and the whanaungatanga that is practised as well as the upholding of our mātāpono.
There have been opportunities to undergo professional learning and even experienced Trustees can benefit from these, thus filling ngā kete with new mātauranga to serve on a board.
We have many kaupapa in our midst including our impact investments. I look forward to seeing these completed in the anticipated timeframes and the benefits they will have for our Iwi.
Aotearoa Pā
Ferinica Hawe-Foreman, Ngāti Manuhiakai
Firstly, I acknowledge the persistence and resilience of our tūpuna, the people, past trustees, and kaimahi.
As a trustee, it was an absolute privilege to observe and listen to the first three hapū of Ngā Ruahinerangi Iwi present their aspirations and business plans. Holding Board hui at each of our Marae takes us back into the realms of our people.
At last year’s hui ā-tau, I talked about the importance of our Hapū validators and their mahi. I still sing their praises, as they are the ones who open the door and bring our people through. He aha te mea nui o te ao? He tāngata! He tāngata! He tāngata!
Kiri Erb, Ngāti Manuhiakai
I acknowledge our departing Board members and welcome our new members. I have been impressed with the transition of our new team and proud to be part of a group of good people. My highlight is having appointed our new Chair. A Chair that believes strongly in supporting her fellow board members to build strength in all areas of governance. To ensure that we have a robust succession plan moving forward into the future and that we are doing everything we can to ensure Te Korowai continues to build confidence in Ngāruahine tāngata.
I am looking forward to seeing Te Ara Toiroa working magic to support uri with business opportunities and employment.
Te Aroha o Tītokowaru Pā
Randal (Te Ahu) Rei, Ngāti Tū
Tū ake ki te Marae
Tū ora ki te ao
I’m honoured to have been given the opportunity to represent our hapū of Ngāti Tū and serve a consecutive term on Te Korowai Trust. I’m privileged to be in the company of the next generation of young, motivated and talented reo speakers and ‘movers and shakers’ for our iwi. I’m encouraged that te reo me ōna tikanga will inform the foundation for our work going forward. The formation of Te Mataōwhiti will uphold the quality assurance and our commitment as a Board, will ensure longevity. Mā te iti, mā te rahi, ka ora tonu ai te reo me ōna tikanga. Through the collective efforts of the whole community, the language and customs will endure.
Dion Luke, Ngāti Tū
As one of several Board newbies, I have found the opportunity to critically reflect and confirm where we are going as a Board, invaluable. It is important to not only get ourselves aligned and working together but to establish solid processes and practices which set up future boards for success. The highlight for me was our trip to Parliament in April for the first reading of Te Pire Whakatupua mō Te Kāhui Tupua which will be a key piece of legislation to support uri aspirations moving forward.
Waiokura Pā
Rere-No-A-Rangi Pope, Ngāti Hāua
It has been an absolute pleasure to work alongside our Board these past several months and witness our diverse range of talents being put to work. I am consistently impressed by the sophistication of each of our hapū and their initiatives, therefore I look forward to better understanding how the Board can best support our hapū to achieve their aspirations. Lastly, I am proud of the recent establishment of Te Mataōwhiti (reo me ōna tikanga sub-committee) which will provide further strategic justification for a deeper and wider investment in our language and its growth within the iwi. Kōrerongia te reo!
Sarah Mako, Ngāti Hāua
My highlights include welcoming several new Trustees and as a Board continuing to remain staunch to our Ngāruahine values. Te Korowai persists in developing and strengthening relationships with our uri, whānau, marae and hapū and wider community. E mihi kau ana ki ngā kaimahi o Te Korowai o Ngāruahine – your commitment to delivering on our policies and strategies, as well as aspirational kaupapa and opportunities will ensure our uri connect and thrive.
Tawhitinui Pā
Elizabeth (Liz) Ross, Ngāti Tamaahuroa-Tītahi
As a new Trustee I have grabbed the learning opportunities before me with both hands. It is exciting and daunting at the same time to serve on the Board. My top priority is working for my hapū to take advantage of all the opportunities for growth to help achieve our aspirations.
Bianca (Bee) Weston, Ngāti Tamaahuroa-Tītahi
I value working alongside Board members with so much expertise and knowledge. This has been an enriching experience for me, to be a part of robust conversations and governance training, allowing me to contribute effectively to the decision-making process. This gives me the opportunity to commit to the strength and resilience of our hapū, pā and iwi, while making connections and building relationships. Our hīkoi to Waitangi and listening to kōrero around Toitū te Tiriti was a highlight for me. I’m all about our people and I’m excited for the future of Ngāruahine and the opportunities ahead.
Oeo Pā
Katrina Taylor, Kānihi-Umutahi
Kaimahi
Member
Te Whare Wānanga o Awanuiaarangi
Te Korowai o Ngāruahine Turst - Te Mataōwhiti
Trustee Kānihi-Umutahi
Trustee
Trustee
Taukē King, Kānihi-Umutahi
Director/Tutor
Te Korowai o Ngāruahine Trust
Te Kīwai Matau o Ngāruahine Charitable Trust
Tahupotiki Māori Club
Kaimahi Waihanga Ara Rau - Workforce Development Council
Member Te Korowai o Ngāruahine – Te Ohu Arotake
National Assessment Moderator
NZ Qualifications Authority
Subject matter expert (Te Ao Haka) Ministry of Education
Shareholder
Te Reo and Ahurea Māori Advisory Panel
Trustee
Trustee
Emma Gardiner, Ōkahu-Inuāwai
Beneficiary
Committee member
Director
Te Topuni Ngarahu GP Limited
Te Rūnanga o Ngāti Ruanui
Te Korowai o Ngāruahine Trust
Te Kīwai Matau o Ngāruahine Charitable Trust
PKW and various Māori land blocks within Ngāruahine
Ōkahu Inuāwai me ētehi atu hapū
Te Kīwai Mauī o Ngāruahine Limited
Director Oriens Capital GP Ltd
Director
Director / Shareholder (100%)
Director/Shareholder
Ex-officio member
Limited partner
Shareholder
Te Rere o Kapuni Limited
Aronga Ltd
Te Korowai o Ngāruahine Custodian Company Limited
Te Korowai o Ngāruahine Trust - Te Ohu Arotake, Tumu
Herenga Tāngata and Te Mataōwhiti
Oriens Capital Fund 1
Te Topuni Ngarahu GP Limited
Trustee Central Kids Early Childhood Education
Trustee Dawson Holdings Trust
Trustee / Pouwhakarae
Trustee
Te Korowai o Ngāruahine Trust
Te Kīwai Matau o Ngāruahine Charitable Trust
Ngaraina
Brooks, Ōkahu-Inuāwai
Beneficiary Various Ngāruahine whenua blocks
Chair Te Korowai o Ngāruahine – Tumu Herenga Tāngata
Iwi Representative
Justice of the Peace
Te Kāhui Matauraura (STDC Iwi Liaison Committee)
South Taranaki Association
Kaimahi Ministry of Education (Ramanui School)
Local Area Committee Member CCS Disability in Action
Member NZEI Taranaki Area Council
Shareholder Te Rua o te Moko Limited
Shareholder Te Topuni Ngarahu GP Limited
Trustee
Trustee
Te Korowai o Ngāruahine Trust
Te Kīwai Matau o Ngāruahine Charitable Trust
Ferinica Hawe-Foreman, Ngāti Manuhiakai
Board member Federation of Māori Authorities (Aotea)
Iwi Representative Te Kāhui Matauraura (STDC Iwi Liaison Committee)
Owner Various Ngāruahine whenua blocks
Shareholder
Te Topuni Ngarahu GP Limited
Trustee Manuhiakai Tuturu Charitable Trust
Trustee Rangatapu Reserve Trust
Trustee/owner Ngāti Manuhiakai 5A2
Trustee/Secretary Rangatapu Reserve Trust
Trustee/Deputy Chair Te Korowai o Ngāruahine Trust
Trustee Te Kīwai Matau o Ngāruahine Charitable Trust
Kiri Erb, Ngāti Manuhiakai
Chair
Director/Shareholder
Director/Shareholder
Director/Shareholder
Trustee/Secretary
Shareholder
Trustee
Te Korowai o Ngāruahine – Te Ohu Arotake
Tika Catering Limited
Kai Ki Tua Limited
Tika Administration & Events Limited
Ngāti Manuhiakai Hapū
Te Topuni Ngarahu GP Limited
Manuhiakai Tuturu Charitable Trust
Trustee Te Korowai o Ngāruahine Trust
Trustee
Te Ahu Rei, Ngāti Tū
Contracted translation services
Cultural Manager
Te Kīwai Matau o Ngāruahine Charitable Trust
Nelson Airport, Ministry of Education, Te Arawhiti (Office of Treaty Settlements)
Ngāti Tama ki Te Waipounamu Trust
Member Te Korowai o Ngāruahine Trust - Te Mataōwhiti
Ngāti Tama rep Nelson City Council (NCC) committees
Ngāti Tama rep
Ngāti Tama rep
Provider of Translation Services
Shareholder
Te Kāhui Mātauranga Ministry of Education
Te Pouaranga Bishop Suter Trust, Te Puna Pahake o Ngāti Tama ki Te Tauihu, Te Rōpū Hāpai Tikanga o Te Tauihu and Te Tai Ao Tasman Heritage Trust
Cawthron Institute, Department of Conservation (DOC), Methodist Church of NZ (Nelson), Ngāti Rārua Ātiawa Iwi Trust (NRAIT), The Port (Nelson), Whakatū Inc.
Te Topuni Ngarahu GP Limited
Trustee Te Korowai o Ngāruahine Trust
Trustee Te Kīwai Matau o Ngāruahine Charitable Trust
Dion Luke, Ngāti Tū
Board Member
Ngāti Tū Hapū Executive Committee
Iwi Representative Taranaki Regional Council - Regulatory and Operations Committee
Iwi Representative Long Term Plan Committee, Taranaki Regional Council
Iwi Representative Access to Experts Iwi/Hapū Enviornmental Management Plan Development, Ministry for the Environment
Kaimahi
Te Aranga / Te Tōpuni Ngārahu
Member Te Korowai o Ngāruahine – Te Ohu Arotake
Member Papa Pounamu Committee, NZ Planning Institute
Co-Chair/Member New Zealand Māori Council Audit & Risk
Member Te Kāhui Matauraura (STDC Iwi Liaison Committee)
Member New Zealand Māori Council
Member Taranaki Māori Trust Board
Reliever Te Kura Kaupapa Māori o Tamarongo
Shareholder Te Rua o Te Moko Limited
Shareholder Te Topuni Ngarahu GP Limited
Trustee Ngapukewhakapu 3B1 Trust
Trustee Eva Harris Trust
Trustee/Deputy Chair Te Korowai o Ngāruahine Trust
Trustee Te Kīwai Matau o Ngāruahine Charitable Trust
John Kahupūkoro, Ngāti Hāua (retired 7 September 2023)
Shareholder
Te Topuni Ngarahu GP Limited
Trustee John Hoani Kahupūkoro Whānau Trust
Trustee Ōhounuku Reserve Trust
Trustee
Te Korowai o Ngāruahine Trust
Trustee Te Kīwai Matau o Ngāruahine Charitable Trust
Te Aroha Hōhaia (JP), Ngāti Tū (retired 7 September 2023)
Contractor Parihaka Papakāinga Trust
Councillor South Taranaki District Council
Director Ngāruahine Fisheries Limited
Director Te Rere o Kapuni Limited
Director Trinity Home and Hospital Limited
Director Te Kīwai Mauī o Ngāruahine Limited
Director/Shareholder Hohaia Van Paassen Limited Incorporated
Justice of the Peace South Taranaki Association
Member Federated Mountain Clubs of New Zealand Incorporated
Member Bizlink Hawera Incorporated
Member Business & Professional Women Hawera
Member Federated Mountain Clubs of New Zealand
Member Taranaki Alpine Club
Member Taranaki Crossing Project Governance Group
Shareholder Te Topuni Ngarahu GP Limited
Trustee
Toi o Taranaki ki te Tonga Trust
Trustee Bashford-Nicholls Charitable Trust
Trustee Bishop’s Action Foundation
Trustee Waiokura Marae & Reserves Trust
Trustee Louise Rauhuia Manuera Hohaia Whānau Trust
Trustee Te Korowai o Ngāruahine Trust
Trustee Te Kīwai Matau o Ngāruahine Charitable Trust
Caroline Scott, Ngāti Tamaahuroa-Tītahi (retired 7 September 2023)
Applicant Marine & Coastal Area Act application for Ngāti Tamaahuroa me Titahi Hapū
Director/Shareholder
N A C and J Limited
Member Te Korowai o Ngāruahine – Te Ohu Arotake
Member Te Korowai o Ngāruahine – Tumu Herenga Tāngata
Pataka Kaitiaki
Ngāti Tamaahuroa me Tītahi Hapū
Secretary/Treasurer Katere Trust
Shareholder
Shareholder
Trustee
Te Topuni Ngarahu GP Limited
J C A and N Limited
Te Hanataua Trust
Trustee Ngāti Tamaahuroa rāua ko Tītahi
Trustee/Secretary/Treasurer Oeo Pā
Trustee Waiokura Marae & Reserves Trust
Trustee
Trustee
Te Korowai o Ngāruahine Trust
Te Kīwai Matau o Ngāruahine Charitable Trust
Grant Weston, Ngāti Tamaahuroa-Tītahi (retired 7 September 2023)
Shareholder
Trustee
Trustee
Te Topuni Ngarahu GP Limited
Te Korowai o Ngāruahine Trust
Te Kīwai Matau o Ngāruahine Charitable Trust
Lara Keane, Tumu Herenga Tāngata
(appointed May 2022)
Ngāruahine
Ngāpuhi ki Taiāmai
• Master of Commerce
• Bachelor of Commerce (Honours)
• Member of the Human Resources Institute of New Zealand
Whakapapa and whanaungatanga are what inspires me to serve our iwi. It’s my way of honouring the connections of my tūpuna to Ngāruahine, and rekindling connections among my whānau alive now.
As an Independent Member on Tumu Herenga Tāngata, I’m here to bring my professional skills to the governance of Te Korowai. As an uri myself, helping Te Korowai carry out its mahi with professionalism and heart really matters to me.
My highlights so far are attending some of the incredible and historic events Ngāruahine has had recently – the return of Te Ngutu o te Manu, the initialling and signing of Te Ruruku Pūtakerongo, and last year’s Taranaki Tū Mai. The strength of reo, waiata, poi and identity here is incredible. Getting to know my many Robinson whanaunga is always a joy, and I promise if I ever sign up for the pool comp at Tū Mai again, I’ll do some practice beforehand!
Phillippa Wilson, FCA. Te Ohu Arotake (appointed December 2019)
• Master of Public Policy
• Bachelor of Business Studies
• Fellow of the Institute of Chartered Accountants Australia & New Zealand
The people I work with continue to inspire me with their commitment to their iwi, their forward thinking and their passion for what they do.
I have worked with Te Korowai o Ngāruahine for over five years and I am honoured to be able to continue for a further three years. I enjoy working with an organisation that is focused on making a difference in people’s lives. I feel honoured to be working for the people of Ngāruahine and Te Korowai, which always puts the people at the forefront of their thinking.
David Patten, Tumu Herenga Tāngata
(appointed December 2019)
• Master of Business Studies (in Dispute Resolution)
• Bachelor of Laws
• Bachelor of Arts
• Diploma of Business Studies (in Dispute Resolution)
• Fellow of the Arbitrators’ and Mediators’ Institute of New Zealand
• Member of the New Zealand Law Society
• Member of the Australasian Association of Workplace Investigators
I am privileged to be an Independent member of Tumu Herenga Tāngata – the subcommittee responsible for people and culture across Te Korowai. I have learnt much about Ngāruahine reo, tikanga and ngā mātāpono and of the many positive developments across the Ngāruahine landscape.
I am blessed to be supported in my role, by skilled and talented uri. One of the most rewarding experiences during my time with Tumu Herenga Tāngata was my involvement in the appointment of Te Aorangi as the Tumu Whakarae. I look forward to continuing as an Independent member and contributing to an exciting future for the Iwi and ngā uri o Ngāruahine. He aha te mea nui o te ao? He tāngata, he tāngata, he tāngata.
Alicia Manuirirangi, Te Ohu Arotake (appointed March 2023)
Ngāruahine
• Bachelor of Business Studies
• Member of the Institute of Chartered Accountants Australia & New Zealand
It is inspiring to see the dedication and passion of people working within the iwi. Their commitment to developing impactful initiatives is evident, with a focus on benefitting both current and future generations. Working alongside such knowledgeable and committed individuals has been a true highlight for me. They bring a wealth of expertise and insight to Te Ohu Arotake table, and their diverse perspectives and innovative approaches to problem-solving play a crucial role in iwi success. Being part of this team has deepened my understanding and appreciation of the complexities involved in our mahi, and I am thankful for the chance to learn and contribute.
Te Mataōwhiti (Te Reo me ōna Tikanga Sub-committee)
My highlight is seeing a year’s mahi culminate in a successful hui ā-tau, where uri leave with smiles, confident in our commitment to their best interests.
Janine Maruera
Ngāruahine
Pouuruhi Pāpāho
Communications Team Lead
Interim Pouuruhi-a-Iwi –Internal Relations
janine@ngaruahine.iwi.nz
My highlight this year was the motu roadshow, an amazing kaupapa allowing our uri in other rohe to connect with us and with each other.
I enjoy being able to support multiple kaupapa within Te Korowai, in turn, supporting our people within these kaupapa. Kia tū tiketike ai tātou, torotika ki a Ranginui!
Moesha Katene-Rawiri
Ngāruahine, Ngāti Ruanui, Te Ātiawa, Taranaki, Ngāti Maru
Kaipāho
Communication Advisor
moesha@ngaruahine.iwi.nz
The launch of our Hākinakina merch line and Pō Whakahirahira were my highlights, seeing uri come together to celebrate Ngāruahinetanga.
Bonnie Johnstone Whakatōhea
Kaitiaki Rārangi
Iwi Registrar office@ngaruahine.iwi.nz
The highlight of my year has been to successfully assist in the election process and achieve a positive outcome.
Jackson Cassidy
Ngāpuhi, Te Ātiawa, Taranaki, Ngāti Hāua ki Taumarunui
Kaihoahoa
Design Advisor
jackson@ngaruahine.iwi.nz
My highlight of the year was the launch of our first ever Ngāruahine storybook ‘Te Rere o Kapuni’ at Oeo Pā during Puanga.
Emma Park
Te Ātiawa
Pouhāpai
Chief Financial Officer emma@ngaruahine.iwi.nz
It has been a privilege being able to contribute to the wider kaupapa by supporting Te Korowai in the financial area.
Anita Potts
Kaituitui Rōpū Hāpai
Finance Coordinator
Ngāruahine, Ngāti Ruanui anita@ngaruahine.iwi.nz
The honour of working for our people means so much to me, I am very lucky to be a kaimahi.
Ritihia Waller
Taranaki, Ngāti Ruanui, Te Whakatōhea, Ngāruahine
Kaitātai Kirimana
Funding and Contracts Accountant ritihia@ngaruahine.iwi.nz
It is always a pleasure and honour to be able to work towards realising the dreams and aspirations of our whānau and tūpuna.
Kawarau Ngaia
Pouuruhi ā-iwi
Iwi Relations Lead
He uri au nō ngā waka e toru, Tokomaru, Kurahaupō, Aotea kawarau@ngaruahine.iwi.nz
I love that we give to our uri, and wider community and we do make a difference. The whanaungatanga we share at mahi is great.
Te Ana Stephen
Ngāti Hine, Ngāpuhi
Kaikaute Accountant teana@ngaruahine.iwi.nz
It has been an absolute privilege to use my skills and expertise in contributing to the aspirations of Ngāruahine uri, which includes my own tamariki.
My highlight is having the opportunity to work with Ngāruahine rangatahi, to be a part of connecting them to their Marae, hapū and iwi.
Naomi Puketapu-Waite
Taela O’Shea-Herewini
Pouuruhi Taiao
Environmental Lead Ngāruahine naomi@ngaruahine.iwi.nz
It is a true honour to hold a kaimahi role in the taiao, a place I am so happy to be in. Made more special by working towards the aspirations of our uri.
My highlight was being part of the Iwi contingent from Taranaki to the Offshore Wind Study Tour to the UK, Belgium and Germany.
Pouwhirinaki Taiao
Environmental Planner Te Ātiawa, Ngāti Maru, Ngāti Ruanui, Ngāruahine ki Te Rangi, Taranaki
wtaiao@ngaruahine.iwi.nz
I enjoy being in a kaimahi role that I enjoy within the taiao space and applying my knowledge to something meaningful. I feel super privileged to be a kaimahi.
Kelsey Chadwick
Ngāti Kahungunu ki Heretaunga, Ngāti Kahungunu ki Te Wairoa, Ngāti Tūwharetoa
Kaituitui Te Ara Toiroa
Administrative Coordinator
kelsey@ngaruahine.iwi.nz
Contributing to the implementation of Te Ara Toiroa for Ngāruahine uri whilst also getting to support other kaupapa within Te Korowai.
Ngatokoa Tikitau
Ngāruahine ki te rangi, Ngāti Ruanui, Taranaki Tūturu, Te Atiawa, Ngāti Maru, Ngā Puhi, Ngāti Arera, Ngāti Tepuretu
Pou Taituarā Taiao
Environmental Project Support & Engagement
ttaiao@ngaruahine.iwi.nz
What I enjoy most about this mahi is engaging with uri and looking for opportunities to enable them to connect and become kaitiaki of our taiao. Toitū te Taiao, Toitū te Tangata.
Puhi Nuku
Ngāruahine
Kaiako Matua
puhi@Nngaruahine.iwi.nz
Love our commitment to Te Reo.
Philip
Ngāruahine
Pouhautū
phil@ngaruahine.iwi.nz
Procurement and people employed is an excellent strategy.
TE KĪWAI MAUĪ O NGĀRUAHINE KAIMAHI
Te Awa Johnstone
Ngāti Raukawa ki te Tonga, Ngāti Whātua, Ngāti Kurī, Ngāpuhi
Executive Assistant
Te Kīwai Mauī
TeAwa@Mauī.nz
The best part of my year has been getting to know everyone at Te Korowai o Ngāruahine, helping our team with our important investment projects, and seeing the positive results that will benefit our people and generations to come.
Ngāruahine, Ngāti Ruanui, Te Ātiawa, Taranaki, Tainui
Establishment General Manager (Contractor)
manager@ngarere.nz
Working collaboratively with Te Papa Atawhai, Ngā Hiwi Maunga and taiao enthusiasts on the restoration of the ngahere around the redevelopment.
Ngāruahine
Pou Arataki
Operations Manager
info@ngarere.nz
The construction progress has been awesome to see, that has been my highlight this year.
Nuku
Dean Kira
Ngawai Hernandez-Walden
SATURDAY 26 AUGUST 2023 AOTEAROA PĀ
Te Korowai o Ngāruahine AGM ki Aotearoa Pā, 2023.
SATURDAY 26TH AUGUST 2023, AOTEAROA
PĀ & VIA LIVESTREAM
Ngā Taratī o Te Korowai | Trustees
Paula Carr (Te Pouwhakarae), Ngaraina Brooks, Kiri Erb, Ferinica Hawe-Foreman, Te Aroha Hōhaia, John Hooker, John Kahupūkoro, Sarah Mako, Te Ahu Rei, Caroline Scott, Allen Webb and Grant Weston.
Guest Presenters
Taaringaroa Nicholas
In Attendance
Acushla Sciascia, Ali Cole, Allen Webb, Allie Hemara-Wahanui, Amber Nicholson, Anahera Ngaia, Analee Toro, Anaru Taitoko, Anaru White, Angela Kerehoma, Angela Scott, Angelina Cassidy, Anita Potts, Ann Johnson, Anton O’Carroll, Arni Agar, Barbara More, Bee Weston, Bella Marriner, Benjamin Cuff, Betty Anne Robinson, Billie Robertson, Bonnie Johnstone, Brian Nyman, Caleb McGrail, Caroline Scott, Cheryl Luke-Maraki, Cheryl Thompson, Chester Vella, Chevourne Tairi, Christine Henare, Clementine Hotter, Connor Macleod, Daph Tamou, Dave Maha, Debbie Robinson, Delroy Packer, Dennis Weston, Dinah King, Donia King, Dwayne PahiO’Carroll, Donna Ngatai, Ebony Weston, Elaine Webb, Ella Borrows, Emma Gardiner, Eleanor Gardiner, Emma Park, Esther Clay, Fay Hōhaia, Ferinica Hawe-Foreman, Geraldine Priest, Gloria Reweti-Weston Matehaere, Gloria White, Grant Weston, Gregg Parata, Heavenlee Ngatai, Henry Robertson, Hoani Horsfall, Irene Robinson, Ivy Kearney, Jackson Cassidy, Jacqui King, Janine Maruera, Jayde Rangi Wilkinson, Jeremy Wichman, John Dixon, John Hooker, John Kahupūkoro, Joy Rangi, Julie Koria, June Hooker, Kararaina Luke, Karmel Waiariki, Kataraina Mako, Kawarau Ngaia, Kelly Moeahu, Kerensa Johnston, Kiki Ruakere, Kiri Erb, Lara Keane, Lara Ruakere, Leah Naidu, Liam Cassidy Ngatai, Linda Elgar, Lindsay Carr, Lola Katene, Lorna Katene, Louise Pope, Louise Studd, Lyn Tuffery, Lynnell Huria, Mackenzie Walding, Maria Ngatai-Weston, Markham Ainsley Grey, Mihiata Dillon, Mikayla Katene, Mike Marriner, Missy Spooner, Moana Te Waaka, Moesha Katene-Rawiri, Naomi Puketapu-Waite, Ngaraina Brooks, Ngatokoa Tikitau, Ngawai Akapita, Ngawai Hernandez-Walden, Norah Puketapu, Paerau Dillon, Patsy Broughton, Paula Carr, Peggy Luke-Ngaheke, Peta King, Peter Moeahu, Peter Thompson, Puawai Hudson, Puhi Nuku, Puke-Te-Riri Chase, Puna Wano, Rangi Dansey, Rangihuna Waller, Regianne Herewini, Rewatu Carr, Rhonda Vanstone, Richard Tingey, Ripeka Hudson, Ritihia Waller, Robin Katene, Ropata Maxwell, Sage-Marie Bennett, Sam Williams, Sarah-lee Rangi, Shay King, Sid Ngatai, Sophie Anania, Spencer Carr, Sue Carr, Taaringaroa Nicholas, Taela O’Shea-Herewini, Tahu Rawiri, Tami Cave, Tazmyn Katene, Tane Houston, Tanea Reid, Tania Gilbert-Kennedy, Tania Niwa, Taniya Miles, Tapiukura Young, Te Ahu Rei, Te Aorangi Dillion, Te Aroha Hōhaia, Te Kaha Kahupūkoro, Te Māramatanga Hōhaia, Te Oti Katene, Te Poi Ngawhika, Te Rawanake Coles, Te Rua Ngaio Reihana, TeUraura Nganeko, Thomas Webb, Tipene O’Brien, Tiwha Puketapu, Tomairangi Anneff, Tracy Rupapera, Tumi Toro, Una Hiroa, Urutaahua Gilbert, Wikitoria Ratu, William Rangi and Wesley Priest.
Karakia | Mihi Whakatau
John Kahupūkoro.
SATURDAY 26TH AUGUST 2023, AOTEAROA PĀ & VIA LIVESTREAM
1. Welcome
Masters of Ceremonies (MC) for the day, Ngawai Hernandez-Walden and Emma Gardiner, welcomed whānau to the hui-ā-tau at Aotearoa Pā and thanked Te Korowai o Ngāruahine (Te Korowai) Board and kaimahi for their mahi on the hui. They provided a health and safety briefing and general housekeeping information. The MC’s reminded whānau to update their information on the iwi register if needed and that a representative for the Chief Returning Officer (Ella Borrows) was present to issue and receive voting papers for Trustee Elections 2023. They also noted that the event was being streamed online by Te Korimako o Taranaki.
Te Pouwhakarae was invited to the atamira.
2. Apologies
The following apologies were noted:
Adrian Taylor, Agape Gopal, Alana Mako, Alexis Bright, Alison Ranui, Amber Mako, Amokura Panoho, Andrew Bright, Anna Carr, Anne Somerville, Annette Nyman-Riddell, April Eruiti, Aroha Houston, Asher Katene, Ataahua o te rangi Marino, Billy Tihoi Maha, Brandon Amoamo, David O’Brien, David Patten, Dion Maaka, Egan Bowden, Elizabeth Ross, Emmanuella Katene, Gail Watson, Georgina Wharepapa, Harmony Morris, Hinemoa Priest, Hinewai Katene, Hinewai Ranui, Iri Mako, James Tautuku, Jamie Andrews, Janess Reid, Jasmine Milne, Jeremy Robinson, Jodi Hawe, John Edward Studd, John Kerehoma, John Tarawara Studd, Juanita PritchardDavis, Judy Maruera, Julie Pritchard-Robinson, Julie-Anne Barney-Katene, Karna Luke, Kelvin Kershaw, Kent Robinson, Kereama Wright, Kura Moeahu, Lauana Thomas, Lois Weston, Lorna Parata, Luka Kamana, Mairi Wharehoka, Manawa Wright, Maraea Wharehoka, Mārama Douglas, Maria Robinson, Marjo, Mary Nicholson, Michael Savage, Mitchell Pera, Moetu Tonga, Natalie Cameron, Neta Riley, Ngahina Capper, Ngawai King, Nikita Weston, Orrin Marino, Pāharakeke Hudson, Patrina Edwards, Patsy Moeahu, Peeti Wharehoka-Watene, Phillippa Wilson, Pop (Bernard) Reihana, Rachael Vaimoso, Raewyn Katene, Rawinia Leatherby-Toia, Rawiri Mako, Raymond Eynon, Rere-No-A-Rangi Pope, Riki Tapiki, Robina Bedwell, Ruingamoana Hudson, Rumatiki Smith, Sam Mako, Samme-Sara Harrop-Marriner, Sandra Bishop, Sarah Beamish, Simcock Reweti, Steven Robinson, Tama Ale Samoa, Tania Panepasa, Tania Williams, Te Amokura Pauline Nuku, Te Mihiroa Wright, Te Ngawari Wright, Te Ora Nyman, Te Puata Burrows, Te Raungatanga Whakaara, Tina Parata, Toni Sutton, Tracy Edwards, Tracy Rupapera, Trisha-Mārie Hawkins, Tyrel Marino, Wendy Eynon, Will Edwards, Wirangi Luke, Zayed Studd and Zina Katene.
Te Pouwhakarae read the following resolution.
Resolution 1
THAT the apologies for the 2023 Annual General Meeting be accepted.
IVY KEARNEY / RIPEKA HUDSON Carried
SATURDAY 26TH AUGUST 2023, AOTEAROA
PĀ & VIA LIVESTREAM
3. Message from Te Pouwhakarae
Te Pouwhakarae warmly welcomed all attendees to the hui-ā-tau, expressing gratitude for their presence and participation in discussions about Te Korowai Group’s progress.
Emphasising the theme of this year’s Annual Report as ‘tāngata’ – focusing on advancing our people and Ngāruahine – te Pouwhakarae mentioned that various presentations from the Board and kaimahi were scheduled to highlight Te Korowai activities in the preceding year.
Appreciation was extended to everyone who contributed to Te Korowai goals, recognising the establishment of partnerships and the widespread support. Special acknowledgment was given to Ngāruahine Iwi Authority, and the connection and opportunities with whanaunga iwi, Ngāti Ruanui were duly noted.
The current Board was acknowledged, with thanks to the Trustees for their commitment, engagement on important kaupapa and representing the views of our people, hapū and pā.
Te Pouwhakarae expressed the hope that everyone could find themselves reflected in the report, emphasising the dedication to incorporating uri perspectives into planning, strategies, and thoughts.
Recognition was given to past Trustees and kaimahi for laying the foundation of a significant legacy, and the Pouwhakarae conveyed excitement about building upon their work as Te Korowai enters its ninth postsettlement year, closer to a decade of existence when considering the transitional period.
Acknowledging the retirement of five trustees this year, John Hooker, John Kahupūkoro (Uncle Haney), Grant Weston, Caroline Scott and Te Aroha Hōhaia. Te Pouwhakarae announced that a presentation would be held to honour them towards the end of the hui.
Lastly, Te Pouwhakarae invited any additional matters for discussion in general business, ensuring that they would be duly noted and addressed in that section of the hui. Quality shoes for tamariki at Te Kura o Ngāruahine was added to the general business.
4. Previous Annual General Meeting minutes
Te Pouwhakarae read the resolution.
Resolution 2
THAT the minutes for the 2022 Annual General Meeting be accepted.
Matters Arising
No matters were raised.
DONNA NGATAI / RIPEKA HUDSON Carried
SATURDAY 26TH AUGUST 2023, AOTEAROA
PĀ & VIA LIVESTREAM
5. Chair Reports
Te Korowai o Ngāruahine Trust
A video reel of Te Korowai kaimahi introductions was played. Kaimahi included: John Tapiata, Ngaputiputi Akapita, Jackson Cassidy, Bonnie Johnstone, Tazmyn Katene-Ashford, Moesha Katene-Rawiri, Dion Luke, Janine Maruera, Kawarau Ngaia, TeUraura Nganeko, Philip Nuku, Puhi Nuku, Emma Park, Rowan Reihana, Neta Riley, Rangihuna Waller, Ritihia Waller and Rhonda Vanstone.
Recognition was given to the kaimahi for effectively implementing strategies and faithfully representing the interests of uri. It was noted that the tari has experienced growth and expansion driven by the ongoing workload and activities.
Te Pouwhakarae highlighted key areas of mahi which kaimahi have concentrated on advancing during the past year:
• Iwi register growth and validator support
• Kawenata signing with Ngāruahine Iwi Authority
• Increasing the range of scholarships and grants available to uri
• Strengthening relationships with local and regional councils
• Progressing impact investments
• Advancing our mana whenua rights and interests
• Representing Ngāruahine on regional and national fronts.
Te Kīwai Mauī o Ngāruahine Limited
Taaringaroa (Taari) Nicholas, Chair of Te Kīwai Mauī o Ngāruahine Limited (‘Mauī’) acknowledged the contributions of the directors to prudently invest and manage the Ngāruahine settlement pūtea.
The following highlights from the Chair’s presentation were noted:
• Total FY23 annual profit after tax $2.1m (FY22 $10.8m)
• Delivered 5 year average investment return of 7.4% per annum versus 4.3% for a similar benchmark fund (benchmark fund had losses for 2 years). Mauī provided an additional $15m to Ngāruahine at much lower risk. 60% of the portfolio is in low-risk Income Assets.
• Paid FY23 dividend payments to Te Korowai of $2.2m (2.25%) up from $2.0m (2%).
• Very strong returns on property investments – 13.6% of Hāpai Iwi investment vehicles and 25.5% return on agriculture / horticulture investments through Pūainuku iwi investment vehicle.
• Increased focus on local rohe investments.
• Further impact investment opportunities in Ngāruahine rohe also being progressed.
SATURDAY 26TH AUGUST 2023, AOTEAROA PĀ & VIA LIVESTREAM
6. Annual Audited Financial Statements
Ferinica Hawe-Foreman, Chair of Te Ohu Arotake explained the role of the audit and risk committee and introduced Emma Park, Pouhāpai (Chief Financial Officer) to summarise the Group financials to the year ended 31 March 2023, in the absence of VBW Accountant, Adrian Taylor.
The following highlights were noted:
• Clean audit opinion with no unresolved issues
• Robust monthly reporting processes
• Performance in line with predicted market conditions post COVID-19
• Total Group assets value $112.3m.
Summary of comments and questions from the floor:
Clarification was sought on ‘Additions’ and what this refers to (referring to page 94 of the Annual Report). It was clarified that Additions fall under the category of plant, property and equipment assets. It was explained that Te Korowai must disclose each category, including land, computer equipment, furniture and fittings, motor vehicle, chattels, right-of-use assets and capital works and outline the opening value, added value, closing value and depreciation where applicable. Notable additions, such as computer equipment for kaimahi, have been made. Emphasising works in progress is crucial, as this spending does not go through the Profit and Loss statement; it becomes an asset upon completion. Additionally, the tari, a leased building not owned by Te Korowai, is accounted for based on the auditors’ suggested method for handling leased buildings.
Further clarification was sought on ‘Bad debt’ (page 92). It was explained that each entity has an operating account and a call account and that BNZ puts all its bank fees through one account.
An explanation of Office rental costs was sought (page 92). This was explained by way of an accounting methodology and how leases are required to be recorded in the financial statements.
What is the plan moving forward to develop a communications process that enables our people to engage with Trustees as the hui-ā-tau seems to be the only time to do so. It was clarified that Trustees engage with uri via hapū, Marae, whānau and pā hui and bring this kōrero to the Board tēpu. Uri see the results of this kōrero reflected in Te Korowai plans and strategies.
Are there kaumātua packs? It was noted that other iwi give koha to their kaumātua to assist with firewood etc and Te Korowai will think more about initiatives to support rangatahi and kaumātua.
Te Pouwhakarae read the resolution.
Resolution 3
THAT Te Korowai o Ngāruahine Trust, Te Kīwai Mauī o Ngāruahine Limited, Audited Financial Statement Reports for the period ending 31 March 2023 are received.
PETER MOEAHU / CHERYL LUKE-MARAKI Carried
SATURDAY 26TH AUGUST 2023, AOTEAROA PĀ & VIA LIVESTREAM
7. Appointment of the Auditor 2023/24 MINUTES OF ANNUAL GENERAL
Te Pouwhakarae acknowledged auditor John Dixon, PriceWaterhouseCooper.
Resolution 4
THAT PriceWaterhouseCooper be appointed Auditor for the 2023/24 financial year.
8. Presentation of Trustees’ remuneration 2023/24
Te Pouwhakarae noted the Board had resolved that Trustee remuneration would remain unchanged for the 2023/24 financial year.
Summary of comments and questions from the floor: What is the current remuneration for Trustees, how long has this been in place and what was the independent advice? It was clarified that information relating to Trustee salaries could be found on page 101 of the Annual Report and that Strategic Pay provides comparative analysis of the remuneration of similar Trustees. It was noted that Te Korowai Trustees are on a par with others.
9. General Business
Te Ohu Pāpāho (the Communications team) from Te Korowai were acknowledged for the mahi undertaken to produce the Annual Report – the first to be completed in–house.
The Trustees took the atamira to give their highlights for the preceding year:
• Allen Webb noted working with a diverse set of Board members who focused on investing in achieving better outcomes of our people, pā and hapū; working to strengthen and revitalise Ngāruahine iwi.
• Sarah Mako noted an exciting and productive 2022/23 year which saw the Board endorse Pupuke te Hihiri and an alternative energy position statement. Sarah paid tribute to the tireless kaimahi in implementing our strategies and noted the sea of red at Taranaki Tū Mai – a reflection of the thriving and growing iwi.
• Ngaraina Brooks acknowledged the privilege of being a member of a dynamic and future focused organisation. Two achievements came to mind – the signing of the kawenata with Ngāruahine Iwi Authority and hosting the Taranaki Maunga deed initialling ceremony.
• Ferinica Hawe-Foreman thanked the validators for the significant effort they put in to grow the iwi register noting that they play a crucial role as they open the door, marking the beginning for us.
• Kiri Erb noted that uri had expressed a desire to see investment within the rohe, not solely for profit but also for the purpose of generating positive change for our people. She eagerly anticipated the growth that the Pupuke te Hihiri Whai Rawa impact investment strategy would bring.
• Te Ahu Rei highlighted his positive experiences of collaborating with a diverse and skilled group of individuals on the Board and expressed appreciation for the ongoing efforts of the operations team for keeping uri informed through social media. Matua Te Ahu emphasized the importance of connection, while also acknowledging and remembering those who passed during the year.
PETER MOEAHU / ALLIE HEMARA-WAHANUI Carried
SATURDAY 26TH AUGUST 2023, AOTEAROA PĀ & VIA LIVESTREAM
• Grant Weston noted the ongoing return of the whenua as his highlight. He added that it was a great honour to serve the people.
• Caroline Scott, as a retiring member, expressed her deep pride in having served her people. Her notable moments included taking pride in the strategic outcomes set by the Board for hapū and whānau. Initiating the construction of Te Rere o Kapuni and establishing a beautiful Ngāruahine space were specifically noted.
• John Kahupūkoro expressed his immense pride in the Board’s shared vision to witness the return of whenua to hapū and our people thriving.
• Te Aroha Hōhaia noted her privilege to have served three terms as a Trustee. Outstanding moments over that time were the establishment of a Communications team (Te Ohu Pāpāho) at Te Korowai; the signing of the kawenata with Ngāruahine Iwi Authority; the decision to purchase Te Rere o Kapuni and overcoming consent challenges, and the appointment of a Mana Hautū for Mauī.
• John Hooker expressed his anticipation for the future, emphasising the importance of bringing in rangatahi (to the Board) with proficiency in te reo and the ability to think on their feet. He took pride in the diversity of the Board, which spanned a spectrum of maturity, experiences, and aspirations, and reflected the strength of hapū mana motuhake.
A video presentation on Ka Uruora was played. Ritihia Waller, Kaitātai Kirimana (Funding and Contracts Accountant) and financial literacy course facilitator, highlighted the key components of the financial literacy course to aid and support uri toward achieving their home ownership dreams or reclaiming a financial future. A video message from Kurarauringa Hudson, mokopuna of Rocky Hudson, spoke of her experience of realising home ownership.
TeUraura Nganeko, Pouuruhi External Relations, presented on Te Ara Toiroa – the strategy to build a strong Ngāruahine economy with Ngāruahine at the helm and Sarah Mako spoke about how the strategy would assist rangatahi to be the best version of themselves.
Kawarau Ngaia, Pouuruhi-ā-iwi (Iwi Relations Lead) noted that Te Korowai continues to work to source more support for uri by way of grants and scholarships. Feedback from grant recipients was read out and a video message played from qualified skipper, Valda Brooks who accessed the Punahau me Hinehou grant to retrain.
Summary of comments and questions from the floor:
Can we prioritise supplying good quality shoes to tamariki from our kura? Te Pouwhakarae acknowledged the importance of this kaupapa and noted previous kōrero about prioritising our mokopuna.
What is our climate response and our plan for Marae if they are impacted by extreme weather like whānau from Te Tai Rāwhiti? The Tumu Whakarae explained that at the time, Te Korowai worked with other iwi to respond to whānau who lived in the affected areas. Some hapū are now considering the possibility of being a civil defence emergency centre. Te Korowai and Ngāruahine Iwi Health are also working on an organisational response.
Is there kōrero happening for Ngāruahine around ensuring our mana remains intact and our voice stays in the mix regarding the Maunga settlement? Te Pouwhakarae responded that there was an overwhelming response to accepting the Taranaki Maunga redress package and that the Board have communicated its support to sign Te Ruruku Pūtakerongo, the maunga deed of settlement on 1 Mahuru 2023.
SATURDAY 26TH AUGUST 2023, AOTEAROA PĀ & VIA LIVESTREAM
There will also be an opportunity to ensure there is a Ngāruahine voice feeding into the voice of the Maunga.
Has there ever been consideration given to utilising rather than selling our fisheries quota? The Chair of Mauī responded that while the Ngāruahine quota is small and scale is required for commercial management, this could be an opportunity to collaborate with ngā iwi o Taranaki. Customary fishing was noted as another area of mahi in the realisation to see our people thrive.
Te Pouwhakarae noted other opportunities to further understand our people and their needs – one being to gather more data and research about the current state of Ngāruahine uri from an education and health perspective.
Trustees were commended for their mahi and uri looked forward to seeing more rangatahi around the Board tēpu and more reo spoken.
Concern for the future of the taiao and our mana was expressed with the advent of offshore wind.
Te Pouwhakarae discussed the many different ways to engage with Te Korowai.
Te Pouwhakarae summarised the day and thanked uri for attending the hui-ā-tau in person and online; acknowledged the efforts of the Tumu Whakarae and kaimahi for another successful year of delivering the outcomes that the people want to see delivered; and the efforts of the Directors of Mauī and Independent committee members were noted.
The hui-ā-tau finished with a presentation to retiring Trustees; Caroline Scott, Grant Weston, John Hooker, John Kahupūkoro and Te Aroha Hōhaia.
All present joined for waiata and closing karakia at 1:22pm.
Karakia whakamutunga
John Kahupūkoro.
GRANT RECIPIENTS 2023-2024
Punahau me Hinehou Grant
Sponsored by Arongo Limited – A one-year grant to support mothers in training. $1,000 per recipient.
Ingoa Study
Angela Kerehoma
Aharina Prime-Rei
Heke Toi Whakarākai Diploma
Te Aho Tātairangi Bachelor of Teaching & Learning Kura Kaupapa
Institution
Te Wānanga o Raukawa
Massey University
Tuku Aupiki Grant
To assist with non-fundable short courses, conferences, wānanga, noho, online courses and non-study link applications. $500 per recipient.
Ingoa Study
Katrina Taylor
Saphron Ngaia
Tamati Maruera
Billie Jean James
Anahera Ngaia
Patina Edwards
Ashley Thompson
James Tautuku
R'Leeyah-Lynett Luke
Tania Niwa
Dwayne O'Carroll
Leo Kerehoma
Raiha Hooker
Master of Indigenous Studies Thesis
Marriage Celebrant
Te Pīnakitanga
Te Pōkaitahi Reo Level 2
Certificate in Rongoā Level 4
Institution
Te Whare Wānanga o Awanuiārangi
The Celebrants Training College
Te Wānanga o Aotearoa
Te Whare Wānanga o Awanuiārangi
Te Wānanga o Aotearoa
Rangi Parauri Training - Mahi Atua Mataora Training Te Kurahuna Limited
Te Reo Māori Level 1 & 2
Te Reo Māori Level 1 & 2
Office Admin Tech - Level 3 & 4
National Photography Conference
PhD Fine Arts
Sports Exchange
Te Pumaomao Indigenous Nationhood Building
Zivon Kahui Ko Wai Au Programme
Hayley Kettle
Maraea Katene-Rawiri
Kelsy Haua
Legal Executive Studies
Unleashing Māori Potential Seminar
Bachelor of Teaching ECE
Te Wānanga o Aotearoa
Te Whare Wānanga o Awanuiārangi
Open Polytech
NZ Institute of Professional Photography
Ohu Rangahau Writing Wānanga
Te Paepae o Aotea
Takawai & Christine Murphy
Waiokura Marae
Toi Ohomai Institute of Tech -Tauranga
Compass Seminars New Zealand
Te Rito Maioha
Te Hua Ōwhiti Kura Hākinakina me Te Ahurea Grant
To support sporting and cultural endeavours and opportunities. $250 per recipient.
Ingoa Study Club/Event
Anaru Hibbs Football Shirley Boys High School
Bosch-Tuarea Mete-Matehaere Rugby League Ngā Waihotanga Sport/Culture Club
Cherish Hauwaho Netball Pukekohe Netball Club
Ciara Hauwaho Touch and Netball Pukekohe High School
Cjay Mcminn Rugby League Taranaki Whānui League
Dayton Mcminn Soccer Mini Midget Soccer Team Eltham
Destony Rongopai Ria Ratahi Marching Te Arakamu Marching Club Eltham
Dylan Filipo Marching Te Arakamu Marching Club Eltham
Elizabeth Hibbs Swimming QE2 Swim Club
Flynn Cave Football Ole Football Academy Porirua
Francie Hibbs Dance and Jazz Levings School of Dance
Francilla Mcminn Marching Te Arakamu Marching Club Eltham
Hoana-Julia Hockley Rugby League Ngā Waihotanga Sport/Culture Club
Hunter Ngaia Basketball NZ U14 Girls Koru Team
Jaxton Tikitau Rugby League Ngā Waihotanga Sport/Culture Club
Jiriah-Jay Leef
Rugby League Ngā Waihotanga Sport/Culture Club
Kahurangi Hockley Rugby League Ngā Waihotanga Sport/Culture Club
Kaiahn Weston Rugby League Taranaki Whānui League
Kaitiaki Te Aranui
Leeward Vaimoso
Rugby League Ngā Waihotanga Sport/Culture Club
Marching Te Arakamu Marching Club Eltham
Leone Katene Marching Te Arakamu Marching Club Eltham
Macey-Rae Vaimoso
Manaakitia Ririnui
Marching Te Arakamu Marching Club Eltham
Rugby League Maniapoto Rugby League
Maria Ngatai-Weston Rugby Central Rugby
Max Cave Swimming Queensland Swimming Champs
Keepa Smallman
Molly Vaimoso
Mynaro Filipo
Kapa Haka Te Kura Kaupapa Māori o Otepou - Te Mana Kuratahi Nationals
Marching Te Arakamu Marching Club Eltham
Marching Te Arakamu Marching Club Eltham
Nehemiah Matoe-Kapi Basketball Palmerston North Boys High School
Neive Maria Davison Dance Master Class Dance Studios
Te Hua Ōwhiti Kura Hākinakina me Te Ahurea Grant Continued...
To support sporting and cultural endeavours and opportunities. $250 per recipient.
Ingoa Study
Neilani Tamatea
Norah-Lee Vaimoso
Patrick Matoe-Kapi
Pikihuia Hockley
Rakei Laurence Ngaia
Reggae Mahara-Ngatai
Riwha Grindlay
Institution
Rugby League Ngā Waihotanga Sport/Culture Club
Marching Te Arakamu Marching Club Eltham
Basketball
Basketball Manawatū
Rugby League Taranaki Sharks
Kapa Haka Te Pārekereke - Te Mana Kuratahi Nationals
Marching Te Arakamu Marching Club Eltham
Basketball Te Paepae o Aotea
Russell Hockley Croquet Park Croquet Club
Shania Kolio
Sharna-Lee Goldsmith-Wallis
Taikatu Dillon
Te Aute Grindlay
Te Mirimai Katene
Wairangi Rongonui Waaka
Zaire Rupapera
Netball
Māngere/Ōtāhuhu Netball Centre
Marching Te Arakamu Marching Club Eltham
Rugby League Ngā Waihotanga Sport/Culture Club
Basketball Te Paepae o Aotea
Marching Te Arakamu Marching Club Eltham
Basketball Tai Wānanga Tū Toa Manawatū Basketball.
Basketball
Secondary School Tournament
Parininihi ki Waitōtara – Ngāruahine Undergraduate Scholarship
A one-year scholarship and is awarded to one Ngāruahine uri in their second year of study or higher.
$3000
Ingoa
Roka-Reni Osbourne
Study
Institution
Bachelor of Social Work The Open Polytech
He Iti Taku Iti Ngāruahine Iwi Education Scholarships
A one-year scholarship for uri studying full time courses at a recognised tertiary institution in Aotearoa
$1,000 per recipient
Ingoa Study
Analee Toro
University of Otago
Ana Tupangaia Massey University
Teina Ngaia
Victoria University
Wellington Te Herenga Waka
Keesha Craig University of Waikato
Angela Kerehoma Te Wānanga o Raukawa
Tūheimoa Maruera Massey University
Maraea Katene-Rawiri Massey University
Billie-Jean James Western Institute of Technology Taranaki
Jordan Berry Te Wānanga o Aotearoa
Mia Robinson Auckland University of Technology (AUT)
Kyla Potaka Waikato Institute of Technology
Sarah Richards Waikato Institute of Technology
Melissa Martin Te Wānanga o Raukawa
Alexis Bright Western Institute of Technology Taranaki
Neave Burgess University of Auckland
Roka Reni Osborne The Open Polytech
Pounamu Keepa University of Otago
Institution
Bachelor of Medicine and Bachelor of Surgery
Bachelor in Agribusiness
Bachelor of Arts
Bachelor of Arts, Majoring in Psychology with two minor in Tikanga Māori Psychology and Māori Education
Diploma Toi Whakarākai Raranga
Bachelor of Arts in Māori Knowledge
Bachelor of Social Work
Bachelor of Nursing
Diploma in Māori & Indigenous Art (Whakairo-Carving) Lv 5
Bachelor of Visual Arts
Bachelor of Physiotherapy
Bachelor of Midwifery
Bachelor of Social Work
Bachelor of Nursing
Bachelor of Medicine and Surgery
Bachelor of Social Work
Bachelor of Pharmacy
Asher Katene University of Otago Clinical Psychology
Harrison Edwards University of Auckland/ Waipapa Taumata Rau
Leah Robinson Auckland University of Technology (AUT)
Bachelor of Medicine and Surgery
Bachelor of Law (Hons)
HE ITI TAKU ITI
MASSEY UNIVERSITY
UNIVERSITY OF OTAGO
WAIKATO INSTITUTE OF TECHNOLOGY
TE WĀNANGA O RAUKAWA
WESTERN INSTITUTE OF TECHNOLOGY TARANAKI
WAIKATO INSTITUTE OF TECHNOLOGY
VICTORIA UNIVERSITY WELLINGTON TE HERENGA WAKA
UNIVERSITY OF WAIKATO TE WĀNANGA O AOTEAROA
AUCKLAND UNIVERSITY OF TECHNOLOGY (AUT) OPEN POLYTECH UNIVERSITY OF AUCKLAND/WAIPAPA TAUMATA RAU 3 2 1
TOTAL RECIPIENTS
STUDY AREA LEVEL OF STUDY
Social Work - 3 Law - 1
Agribusiness - 1
DEGREE
18
Health - 9
Arts - 6
DIPLOMA
2
HĀKINAKINA
Puanga ceremony with the launch of the Te Rere o Kapuni storybook ki Oeo Pā.
ANNUAL PLAN SUMMARY 2024-2025
This Annual Plan outlines the strategic priorities for the 2024-2025 year (excluding business as usual activities) and their related Annual Plan Actions.
Annual Plan actions, as summarised below, within Te Korowai o Ngāruahine Trust Annual Plan 2024-2025 contribute to the strategic objectives within our organisational five-year strategy, Ka Ora Taku Toa.
NGĀRUAHINETANGA
• Implementation of Te Ūkaipō Strategy
• Delivery of Kura Reo
• Implementation of Te Reo me ōna Tikanga Strategy
• Implementation of Iwi Registration Review
TE KAWA WHANAKEORA (MAHI)
• Embed Te Ara Toiroa into policies and procedures
• Development of Ngāruahine Iwi Business and Skills database
• Support the implementation of Pupuke te Hihiri Whai Rawa Strategy
• Implementation of He Matauraura (Education) Strategy
POUA TE PĀTŪTŪ (KĀINGA)
• Scope Te Korowai o Ngāruahine Home Refurbishment programme
• Promote and encourage participation in Ka Uruora products and services
• Reacquisition of DSP properties
• Support hapū development plans
• Support the implementation of Pupuke te Hihiri Whai Rawa Strategy
TUPUA TE MAURI (TAIAO)
• Provide hapū access to capability and capacity kaitiaki building opportunities (Ngā Hiwi Maunga MOU, GIS mapping, administer and update hapū Rōpū Kaitiaki)
• Support hapū to lobby and protect our taiao (support - MACA claim, S186 request, Te Mauri o Te Hau, o te Rā me te Wai, submission writing, Council plan reviews and development)
• Support hapū in the rejuvenation and restoration of their taiao (identifying wāhi tapu, deliver māra kai and awa monitoring wānanga)
NGĀ ĀHEITANGA ME NGĀ WHANAKETANGA (ORGANISATIONAL CAPABILITY AND CAPACITY)
• Support internal capability capacity and succession planning
• Strengthen internal processes and systems to ensure business continuity models are upheld
• Capitalise on all opportunities to enhance the delivery of strategy
• Communications are easily accessible to whānau, hapū, iwi and Te Korowai Group
• Communications support Te Korowai to participate in local, national and global issues
Hopu Ariki tournament ki Te Ngutu o Te Manu 2023.
FOR THE YEAR ENDED 30 JUNE 2024
Taranaki Maunga
DIRECTORY
TE KOROWAI O NGĀRUAHINE TRUST FOR THE 15 MONTHS ENDED 30 JUNE 2024
Trustees
Emma Gardiner (elected 7 September 2023; appointed as Chair 17 September 2023)
Ngaraina Brooks (appointed August 2022; re-elected 7 September 2023)
Paula-RochelleCarr (re-elected 7 September 2023; resigned 10 December 2023)
Katrina Taylor (appointed 10 December 2023)
Te Hapimana TaukeKing (elected 7 September 2023)
Rere-No-A-RangiPope (elected 7 September 2023)
Sarah Mako (appointed April 2022; re-elected 7 September 2023)
Randal Te Ahu Rei (re- elected 7 September 2023)
Dion Luke (elected 7 September 2023)
Elizabeth (Liz) Ross (elected 7 September 2023)
Bianca (Bee) Weston (elected 7 September 2023)
Ferinica Hawe-Foreman (re- elected 7 September 2023)
Kiri Erb (re-elected 7 September 2023)
John Kahupukoro (retired September 2023)
John Hooker (retired September 2023)
Te Aroha Hohaia (retired September 2023)
Caroline Scott (retired September 2023)
Allen Webb (not re-elected September 2023)
Grant Weston (retired September 2023)
Bankers
Bank of New Zealand
ASB Bank Limited
TSB Bank Limited
Solicitors
Kāhui Legal
Accountants
VanBurWray Chartered Accountants Limited
Auditors
PricewaterhouseCoopers
STATEMENT OF FINANCIAL POSITION
Signed for and on behalf of the Board of Trustees who authorised these financial statements for issue on 27 September 2024:
Emma Gardiner - Pouwhakarae Kiri Erb - Heamana, Te Ohu Arotake
STATEMENT OF CHANGES IN EQUITY
STATEMENT OF CASH FLOW
NOTES TO THE FINANCIAL STATEMENTS
TE KOROWAI O NGĀRUAHINE TRUST FOR THE 15 MONTHS ENDED 30 JUNE 2024
(a) Basis of preparation
Entities reporting
The entity reporting is Te Korowai o Ngāruahine Trust (Te Korowai) and its subsidiaries Te Kīwai Mauī o Ngāruahine Limited, Te Rere o Kapuni Limited, Ngāruahine Fisheries Limited and Te Kīwai Matau o Ngāruahine Charitable Trust (together the ‘Group’). Te Korowai is the mandated post settlement entity for Ngāruahine.
Basis of preparation
The financial statements have been prepared in accordance with generally accepted accounting practice in New Zealand and the requirements of the Trustee Act 2019 and the Financial Reporting Act 2013.
The Group is a for-profit entity for the purposes of complying with NZ GAAP. The financial statements comply with New Zealand equivalents to International Financial Reporting Standards (‘NZ IFRS’) and other applicable Financial Reporting Standards, as appropriate for profit-oriented entities.
The Group is eligible to and has applied Tier 2 For-profit Accounting Standards (New Zealand equivalents to International Financial Reporting Standards - Reduced Disclosure Regime (‘NZ IFRS RDR’) on the basis that it does not have public accountability and is not a large for-profit public sector entity. The Group has elected to report in accordance with NZ IFRS RDR and has applied disclosure concessions.
Historical cost convention
The financial statements have been prepared under the historical cost convention, as modified by the revaluation of financial assets and financial liabilities (including derivative instruments) at fair value through the statement of comprehensive income.
Measurement Basis
All of the Group’s transactions are conducted in New Zealand dollars and the financial statements are presented in New Zealand dollars. Where transactions were undertaken in foreign currency they New Zealand dollar amount recorded by the bank has been used as the transaction value.
(b) Principles of consolidation
(i) Subsidiaries
Subsidiaries are all entities (including structured entities) over which the Group has control. The Group controls an entity when the Group is exposed to, or has rights to, variable returns (i.e. profit/losses) from its involvement with the entity and has the ability to affect those returns through its control over the entity. Subsidiaries are fully consolidated from the date on which control is transferred to the Group and removed from the date that control ceases.
The Group applies the acquisition method to account for any businesses that become part of the Group. The amount recorded for the acquisition of a subsidiary is the fair values of the assets transferred, liabilities accepted (including any that are contingent on certain events occurring) and the equity interests issued by the Group to bring it to the total acquisition price. Identifiable assets acquired, and liabilities and contingent liabilities assumed in a business combination are measured initially at their fair values at the acquisition date.
NOTES TO THE FINANCIAL STATEMENTS
TE KOROWAI O NGĀRUAHINE TRUST FOR THE 15 MONTHS ENDED 30 JUNE 2024
The amount paid above the fair value of the net assets acquired is recorded as goodwill. If the total of the price paid is less than the fair value of the net assets again on acquisition is recognised in the statement of comprehensive income.
Inter-company transactions, balances and unrealised gains on transactions between group entities are excluded from the financial statements as the net effect for the Group is zero. Unrealised losses are also eliminated unless the transaction provides evidence of an impairment of the transferred asset. Accounting policies of subsidiaries have been changed where necessary to ensure consistency with the policies adopted by the Group.
(c) Changes in Accounting Policies
There have been no changes in accounting policies. Policies have been applied on a consistent basis with those of the previous reporting period.
Comparatives
The Group has changed balance date from 31 March to 30 June for the 2024 financial year. The 2024 year figures are for 15 months from 1 April 2023 to 30 June 2024. The 2023 year figures are for 12 months from 1 April 2022 to 31 March 2023.
2. TRADING REVENUE
Lodge Income
The Group operates a Lodge on Maunga Taranaki, which is owned by its subsidiary company Te Rere o Kapuni Limited. Revenue related to accommodation is recognised over time in the Statement of Comprehensive Income on a time-based output method over the period of the service. Revenue related to sale of goods is recorded at a point in time and is recognised in the Statement of Comprehensive Income when the customer has received the related goods. The Lodge was closed in October 2021 for redevelopment.
Fisheries income
The Group operates Ngāruahine Fisheries Limited, sales of annual catch entitlements (ACE) are recognised when invoiced.
NOTES TO THE FINANCIAL STATEMENTS
3. OTHER REVENUE
is
by the Group using the effective interest method.
Portfolio Investment Entity (PIE) income and dividends are recognised when received. Dividend income is distributions from investments in managed PIE funds. Grant income, dividends and koha is recognised when it is received. All other income is recognised at the point a service has been delivered or commitment made by a customer. Other income is the reimbursement of costs from other parties where we have shared costs. Grant income is recognised when all conditions of the grant have been fulfilled.
NOTES TO THE FINANCIAL STATEMENTS
TE KOROWAI O NGĀRUAHINE TRUST FOR THE 15 MONTHS ENDED 30 JUNE 2024
4. EXPENSES
NOTES TO THE FINANCIAL STATEMENTS
TE KOROWAI O NGĀRUAHINE TRUST FOR THE 15 MONTHS ENDED 30 JUNE 2024
4. EXPENSES CONTINUED:
NOTES TO THE FINANCIAL STATEMENTS
4. EXPENSES CONTINUED:
5. CHANGE IN FAIR VALUE OF INVESTMENTS
Cash and short-term deposits in the statement of financial position comprise cash at bank and in hand and short-term deposits with an original maturity of three months or less. Bank accounts earn interest at specified rates on daily balances and term deposits earn interest at the rate set at the time the investment is made.
Trade receivables are the amounts that are owed to us by other organisations or individuals. Trade receivables are recognised initially at fair value and subsequently measured at amortised cost less provision for impairment. At the end of each month an assessment is performed to determine whether there is still an expectation that invoiced amounts will be received. If amounts are no longer expected to be received a provision for impairment is recognised.
All amounts are stated exclusive of goods and services tax (GST) except for accounts payable and accounts receivable which are stated inclusive of GST.
Prepayments are recorded at cost and expensed over the period they cover. Prepayments include office rent and insurance paid in advance. Accrued income is interest accrued on term deposits that will be received when the term deposits mature and accrued PIE income on the managed investments that is received monthly. Kāinga Whakaahurangi is the pre-feasibility costs in relation to the Stratford Housing project.
The funds have been invested for 92 days with an interest rate of 5.74% and 61 days with an interest rate of 5.59%.
NOTES TO THE FINANCIAL STATEMENTS
TE KOROWAI O NGĀRUAHINE TRUST FOR THE 15 MONTHS ENDED 30 JUNE 2024
11. PROPERTY, PLANT AND EQUIPMENT
TE KOROWAI O NGĀRUAHINE TRUST FOR THE 15 MONTHS ENDED 30 JUNE 2024
All property, plant and equipment is stated at cost less depreciation and impairment. Buildings and Capital Work in Progress are not depreciated. Te Rere o Kapuni Limited has entered into an agreement with Livingstone Construction Limited toconstruct a lodge for $7.635 million, the cost of the entire rebuild is budgeted at $9.9m. The Dawson Falls Mountain Lodge was demolished during the prior period and its carrying value reduced to nil.
Subsequent costs, such as additions or further development of the asset, are recognised as a separate asset. This occurs at the point it is probable that the economic benefits of the asset will flow to the Group and the cost of the item can be measured reliably. Repairs and maintenance are recorded as expenses in the year that they are incurred. The residual values and estimated useful lives are reviewed at the end of each financial year to see if they are still appropriate.
• Computer equipment 40% - 67% DV
• Office equipment 7% - 50% DV
• Fixtures and fittings 7% - 20% DV
• Motor vehicles 21% DV
12. INTANGIBLES
Goodwill
Goodwill of $1 has been recorded for the excess of consideration paid over the assets received on the purchase of Te Rere o Kapuni.
Fishing Quota
Fisheries quota held by Ngāruahine Fisheries Limited (NFL) is an indefinite life intangible asset because there is no foreseeable limit to the period over which the quota is expected to generate cash inflows for NFL. The fishing quota is recognised at cost. The fishing quota is reviewed annually for impairment or whenever there is an indication that it may be impaired, there were no indications of impairment during the year (2023: Nil). An independent valuation was received from Quota Management Systems Limited as at 31 March 2024 which states that the market value of quota owned to be $2,547,354 (2023: $2,511,374). The fishing quota is not considered to be impaired as at 30 June 2024.
NOTES TO THE FINANCIAL STATEMENTS
TE KOROWAI O NGĀRUAHINE TRUST FOR THE 15 MONTHS ENDED 30 JUNE 2024 13. INVESTMENTS
Investments are comprised of investments in managed funds and private equity as detailed in the previous table.
Managed Funds
Investment in managed funds are recognised at fair value. Changes in the fair values are recognised in the profit and loss section of the statement of comprehensive income. If the value of the funds has increased it will appear as income, if it has decreased it will appear as a loss. Investments are recorded at market value as determined by the fund managers using unit prices at year end.
Private Equity investments
Private equity investments are recognised at fair value. Changes in the fair values are recognised in the profit and loss section of the statement of comprehensive income. If the value of the funds has increased it will appear as income, if it has decreased it will appear as a loss. The Oriens private equity investment is recorded at market value as determined by the fund at year end.
NOTES TO THE FINANCIAL STATEMENTS
TE
O NGĀRUAHINE TRUST FOR THE 15 MONTHS ENDED 30 JUNE 2024
Direct Investments
The Direct Investments are valued at fair value by the fund managers at year end. Changes in the fair values are recognised in the profit and loss section of the statement of comprehensive income. If the value of the funds has increased it will appear as income, if it has decreased it will appear as a loss.
Moana New Zealand Shares
Investments includes shares in Moana New Zealand (formally known as Aotearoa Fisheries Limited). Moana New Zealand shares are recognised at fair value. Changes in the fair value of investments are recognised in other comprehensive income. If the value of the shares has increased it will appear as income, if it has decreased it will appear as a loss.
Management assesses fair value at year end taking into account the dividend yield valuation, comparison to valuations from other lwi for Moana New Zealand shares and other external sources of information regarding Moana New Zealand’s current situation and future projections. There were no changes to the fair value of the shares as at 30 June 2024 (2023: $Nil).
14. IMPAIRMENT
(i) Financial Assets
The Group assesses at the end of eachyear whether a financial asset or group of financial assets is impaired. Impairment losses are incurred only if there is objective evidence of impairment as a result of one or more events since initial recognition of the asset (a loss event) and that loss event has an impact on the estimated future cash flows from the financial asset, which can be reliably estimated.
Evidence of impairment may include that a debtor is experiencing significant financial difficulty, default or delinquency in payments, the probability that they will enter bankruptcy or other financial re-organisation, and where data indicates that there is a measurable decrease in the estimated future cash flows, such as changes in arrears or economic conditions that correlate with defaults.
The amount of the loss is measured asthe difference between the carrying amount and the present value of estimatedfuture cash flows (discounted at the original effective interest rate). The carrying amount of the asset is reduced and the amount of the loss is recognised in the Statement of Comprehensive Income. If, in a subsequent period, the amount of the impairment loss decreases and that decrease can be objectively linked to an event after the impairment was recognised, the previously recognised impairment loss is reversed and recognised in the Statement of Comprehensive Income.
(ii) Non-Financial Assets
Intangible assets that havean indefinite useful life, or intangible assets that are not ready to use, are not subject to amortisation and are tested annually for impairment. Assets that are subject to amortisation are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable.
The recoverable amount is the higher of the assets fair valueless costs of disposal and its value in use.
For the purposes of assessing impairment, assets are grouped at the lowest levels for which there are largely independent cash in flows (cash generating units). Prior impairments of non-financial assets (other than goodwill) are reviewed for possible reversal at each reporting date.
NOTES TO THE FINANCIAL STATEMENTS
TE KOROWAI O NGĀRUAHINE TRUST FOR THE 15 MONTHS ENDED 30 JUNE 2024
15. TRADE & OTHER PAYABLES
Trade and other payables are recognised initially at fair value and subsequently measured at amortised cost. They represent the amounts we owe for goods and services provided to the Group to the end of the financial year that are due to be paid. The amounts are unsecured and are paid within 30 days of an invoice being received.
16. OTHER CURRENT LIABILITIES
Income received in advance relates to funding that is not yet utilised. In the prior years, vouchers sold during the year which have yet to be redeemed for accommodation at Te Rere o Kapuni.
17. LOANS
In 2024, Te Rere o Kapuni entered into a loan agreement with the Ministry of Business, Innovation, and Employment (MBIE) under a Regional Investment Agreement. The loan carries a fixed interest
per annum for the duration of the facility. The loan has a 10-year term and is set to mature on November 20, 2033.
NOTES TO THE FINANCIAL STATEMENTS
TE KOROWAI O NGĀRUAHINE TRUST FOR THE 15 MONTHS ENDED 30 JUNE 2024
18. INCOME TAX
The tax expense for a period comprises current tax and deferred tax. Tax is recognised in the statement of comprehensive income except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current Income Tax
Current tax is the expected tax payable or receivable on the taxable income or loss for the year, using tax rates enacted or substantively enacted at the reporting date, and any adjustment to tax payable in respect of previous years. Current tax also includes any tax liability arising from the declaration of dividends. Te Korowai is registered with the Inland Revenue Department as a Māori Authority for tax purposes.
Deferred Tax
Deferred tax is recognised in respect of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for taxation purposes.
Deferred tax is not recognised for:
• Temporary differences on the initial recognition of assets or liabilities in a transaction that is not a business combination and that affects neither accounting nor taxable profit or loss; and
• Temporary differences arising on the initial recognition of goodwill.
Deferred tax is measured at the tax rates that are expected to be applied to temporary differences when they reverse, using tax rates enacted or substantively enacted at the reporting date.
NOTES TO THE FINANCIAL STATEMENTS
In determining the amount of current and deferred tax Te Korowai takes into account the impact of uncertain tax positions and whether additional taxes and interest may be due. Te Korowai believes that its accruals for tax liabilities are adequate for all open tax years based on its assessment of many factors, including interpretations of tax law and prior experience. This assessment relies on estimates and assumptions and may involve a series of judgements about future events. New information may become available that causes Te Korowai to change its judgement regarding the adequacy of existing tax liabilities; such changes to tax liabilities will impact tax expense in the period that such a determination is made.
Deferred tax assets and liabilities are offset if there is a legally enforceable right to offset current tax liabilities and assets, and they relate to income taxes levied by the same tax authority on the same taxable entity, or on different tax entities, but they intend to settle current tax liabilities and assets on a net basis or their tax assets and liabilities will be realised simultaneously.
A deferred tax asset is recognised for unused tax losses, tax credits and deductible temporary differences, to the extent that it is probable that future taxable profits will be available against which they can be utilised. Deferred tax assets are reviewed at each reporting date and are reduced to the extent that it is no longer probable that the related tax benefit will be realised.
All entities in the Group except for the Charitable Trust are a Māori Authority for taxation purposes and are liable for income tax on assessable net income at the relevant Māori Authority tax rate. Taxation is charged for the current year is based on the estimated taxation payable. Previously, deferred tax had not been accounted for.
The 2023 tax numbers have been reformatted to show the tax on the adjustments instead of the whole adjustment figures.
The Group holds investments in various limited partnerships that are tax transparent for tax purposes. The limited partners are responsible for the tax on their share of the limited partnerships taxable income. Deferred income tax is required to be provided on temporary differences arising on these investments, except where the timing of the reversal of the temporary difference is controlled by the Group and it is probable that the temporary difference will not reverse in the foreseeable future.
As the financial information of the investments is not yet available to the Group, no deferred income tax has been recognised in respect of these investments. The Group considers the deferred tax impact to be immaterial to the Group.
NOTES TO THE FINANCIAL STATEMENTS
TE KOROWAI O NGĀRUAHINE TRUST FOR THE 15 MONTHS ENDED 30 JUNE 2024
19. FINANCIAL INSTRUMENTS
The Group’s financial assets and liabilities are detailed above. Prepayments, GST and income tax are excluded from the table as they do not meet the definition of a financial instrument.
For financial instruments, which are measured at fair value, changes in the fair values of these financial instruments are shown under the profit and loss section of the statement of comprehensive income. If the value of the financial instruments has increased it appears as income, if they have decreased it is a loss. Revenue earned on financial instruments for example interest, dividends and PIE income, is recorded separately in the profit and loss section of the statement of comprehensive income, this revenue is not included when calculating changes in fair value of the financial instruments.
20.
The Groups equity is the sum of the funds received from the Ngāruahine historical treaty settlement plus share capital.
As part of the Ngāruahine Claims Settlement Act 2016, Te Korowai o Ngāruahine Trust received four properties; Te Kohinga (Ōhawe Beach), Te Ngutu o te Manu site A (Ahipaipa Road), Waipakari Ōhawe Beach), Te Poho o Taranaki (Manaia Road). The fair value of the properties received amounted to $296,501.
TE KOROWAI O NGĀRUAHINE TRUST FOR THE 15 MONTHS ENDED 30 JUNE 2024
21. RESERVES & RETAINED EARNINGS
Kīwai Matau o Ngāruahine Charitable Trust
(c) Nature and purpose of reserves
The opening Reserves are from a gain on acquisition reserve which arose when Te Korowai acquired the assets and liabilities of Ngā Hapū o Ngāruahine lwi Inc (NHONI) (including Ngāruahine Fisheries Limited, (NFL) via the Ngāruahine Claims Settlement Act 2016. The Group prepaid $672k in 2015 for NFL but received a net asset at book value of $2.7M resulting in a $1.94M net gain after deducting the liabilities of NHONI. The gain on acquisition may only be applied to charitable purposes as NHONI was a registered charity at the time the transfer occurred.
Te Kīwai Matau o Ngāruahine Charitable Trust reserves were set aside by the Trustees for capability, relationship and self-resilience priorities for the benefit of Ngāruahine uri. The Board is currently in the process of finalising the broader fund structure and distribution policies.
NOTES TO THE FINANCIAL STATEMENTS
22. TRUSTEE REMUNERATION
The Pou Whakarae and the Chairs of the Sub-committees receive a fixed amount. All other Trustees receive $15,625 for the 15-month period in 2024. (2023: $12,500 per annum). Any other ad hoc working committees of the Board are covered by the standard trustee remuneration.
23. DIRECTORS REMUNERATION
Directors remuneration refers to directors’ fees paid to the directors of Te Kīwai Mauī o Ngāruahine Limited. Nodirectors’ fees are paid to directors of Ngāruahine Fisheries Limited and TeRere o Kapuni Limited.
NOTES TO THE FINANCIAL STATEMENTS
TE KOROWAI O NGĀRUAHINE TRUST FOR THE 15 MONTHS ENDED 30 JUNE 2024
24. REMUNERATION OF KEY MANAGEMENT PERSONNEL
The total amount of key management remuneration is $821,963,for 15 months (2023 was $241,406, for 12 months).
25. INVESTMENT IN SUBSIDIARIES
The Group had the following subsidiaries at 30 June 2024, all subsidiaries are included in the consolidation:
• Ngāruahine Fisheries Limited
• Te Rere o Kapuni Limited
• Te Kīwai Mauī o Ngāruahine Limited
• Te Kīwai Matau o Ngāruahine Charitable Trust
26. STATEMENT OF CASH FLOWS
The following definitions are used in the Statement of Cash Flows:
• Cash and cash equivalents can all be readily converted into cash and includes any at call borrowings such as bank overdrafts used by the Group as part of its day to day cash management.
• Operating activities include all transactions and other events that are incurred in the day-to-day running of the Group. It does not include any investment activities.
• Investing activities includes the cash flow that is obtained from the investments that the Group makes, such as our managed funds.
• Financing activities are activities that result in changes in the size and composition of the contributed equity and borrowings of the entity.
27. ACCOUNTING JUDGEMENTS & ESTIMATES
The preparation of the financial statements in conformity with NZ IFRS requires management to make judgements, estimates and assumptions that affect the application of accounting policies and the reported amounts of assets, liabilities, income and expenses. Actual results may differ from those estimates. Estimates and underlying assumptions are reviewed on an on-going basis. Revisions to accounting estimates are recognised in the period in which the estimates are revised and in any future periods. All judgements and estimates made are believed to be reasonable given the current circumstances and information available. Judgements made in applying accounting policies that have the most significant effects on the amounts recognised in the financial statements include the following:
• Revenue recognition (Note 2 & 3)
• Intangible assets (Note 12)
• Valuation of investments (Note 13)
• Useful life, recoverable amount, depreciation and rates (Note 11)
• Impairment (Note 14)
NOTES TO THE FINANCIAL STATEMENTS
TE KOROWAI O NGĀRUAHINE TRUST FOR THE 15 MONTHS ENDED 30 JUNE 2024
28. RELATED PARTY TRANSACTIONS
The accounting standards require us to disclose information about related parties. Related parties are organisations and individuals that have significant influence, control over, common management personnel or similar Board to the Group. This means any organisation that a Trustee is also a Trustee or Director on is a related party.
The Group’s related parties transactions were:
related Party relationship
Te Topuni Ngarahu Limited Partnership Limited Partner
Te Topuni Ngarahu Limited Partnership
(whether in cash or amount in kind)
(5,500)
Te Topuni Ngarahu Limited Partnership Limited Partner Investment (100,000)
Tika Catering Kiri ErbShareholder & Director Catering Expenses (27,225) (9,118) (495)
29. COMMITMENTS AND CONTINGENCIES
There are no contingent liabilities or guarantees as at 30 June 2024 (Last year - $nil).
There were the following commitments as at 31 March 2023.
30. SUBSEQUENT EVENTS
In August 2024, the board agreed to rename Te Rere o Kapuni Limited to Ngā Rere Ora Limited.
POUA KI RUNGA
POUA KI RARO
POUA KI TĀMOREMORE NUI NŌ RANGI
POUA KI TĀMOREMORE NUI NŌ PAPA
E RONGO WHAKAIRIHIA AKE KI RUNGA
KIA TINA! TINA! HUI E! TĀIKI E!
Whaea Puhi Nuku leading the first karanga to the rising of Puanga at
This document was printed on reycled paper.
Back cover image: Ngā uri o Ngāruahine ki Waitangi.
