Basic Income new Zealand

AGM Agenda, Financial Statements, Minutes 2019 agm.

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BASIC INCOME NEW ZEALAND
TE UTU HEI TIKA / AOTEAROA
ANNUAL GENERAL MEETING AGENDA
BY ZOOM ON MONDAY 12 OCTOBER 2020 AT 7PM

CHAIR                                                                 BELLA MOKE
TREASURER                                                     MELEISSA SELYWN
SECRETARY / TECHNICAL SUPPORT       ANDREW CASEY 

 

AGENDA
OPENING WELCOME                                      BELLA
KARAKIA                                                             TE RANGIKAHEKE KIRIPATEA
APOLOGIES                                                       GAYLENE
PREVIOUS AGM MINUTES                             GAYLENE

 

MATTERS ARISING
CHAIR'S ANNUAL REPORT                           GAYLENE
TREASURER'S ANNUAL REPORT               MELEISSA

 

ELECTION OF OFFICERS                                  BELLA
    President/(Acting Chair)                              Gaylene Middleton
    Secretary                                                         Andrew Casey
    Treasurer                                                        Meleissa Selwyn
    Committee                                                      Iain Middleton
                                                                              Karl Matthys
                                                                              Te Rangikaheke Kiripatea
                                                                              Bella Moke
                                                                              Martin Hohmann-Marriott

 

CONSTITUTION ADDITION FOR INCOME TAX EXEMPTION
To qualify for an income tax exemption, we need to approve the following amendment to the constitution: add the following words to clause 24.1 "provided that any alteration or replacement conforms with 24.2 to 24. 5 below", add a new clause 24.2 (see below), and renumber the existing clauses 24.2 to 24.4 to 24.3 to 24.5. The new clause 24.2 will read:
"24.2 No addition to or alteration of the non-profit aims, personal benefit clause or the winding up clause shall be made which affect the tax-exempt status. The provisions and effect of this clause shall not be removed from this document and shall be included and implied into any document replacing this document."

 

GENERAL BUSINESS:                                     BELLA

 

OPEN SESSION, INVITED SPEAKERS:
Jessie Gollem
Tells her story leading into, during and after her participation in the Ontario Basic Income Initiative.
Address by video link

 

Caroline Teti
From Kenya - Director of Recipient Advocacy at GiveDirectly which is the first and largest non-profit organisation that sends money directly to the world's poorest. The organisation believes people living in poverty deserve the dignity to choose for themselves how best to improve their lives - cash enables that choice. Since 2009, the organisation has delivered over $300 million in cash directly into the hands of over 170,000 families living in poverty.  

 

Matthew Pottinger
Matthew is The OpportunitiesParty spokesperson for their Universal Basic Income Policy.  
"Our tax and welfare system is complex and holds Kiwis back. Jobs are becoming increasingly insecure. TOP will overhaul the tax and welfare system and introduce a Universal Basic Income (UBI):
$250 a week for all adults, $40 for children. No conditions.
With a UBI and flat tax of 33%, you'll effectively pay no tax until you earn over $39,000.
TOP's UBI is fully costed and would deliver a modern and fair taxation system, whilst saving millions in bureaucracy".

 

Green Party............
spokesperson to be confirmed

FOLLOWED BY Q&A

Minutes of the 2019 AGM of Basic Income New Zealand

Saturday 15 June 2019 Rotorua
 

Present: Michael Kane (Secretary), Te Rangikaheke Kiripatea, Iain Middleton, Karl Matthys, Lorraine Butler, Sue Bradford, Bernie Hornfeck, Kathy, Gaylene Middleton, Andrew Casey, Bella Moke, Julie Nathan.
 

2018 Minutes: Accepted, 1st Te Rangikaheke Kiripatea; 2nd Lorraine Butler
 

Chairperson's Report: Accepted, 1st Gaylene Middleton; 2nd Lorraine Butler
Correction: Meleissa did not resign?

 

Treasurer's Report: Accepted
Corrections: Amend title of Financial Position to 31 December of 2018 Financial Position. Change Te Muka Rau Grant expenditure to Travel/Accommodation/food.

 

Committee nominations accepted:
Gaylene Middleton - President/Acting Chairperson
Andrew Casey - Secretary
Meleissa Selwyn - Treasurer
Te Rangikaheke
Iain Middleton
Bella Moke
Karl Matthys
General Business:
Basic Income Petition - refer to new committee
Hikoi - Refer to new committee.

Basic Income New Zealand Incorporated

Statement of Financial Performance
 For the Year Ended 31 December 2019

Income                           2019                 2018 

                                           $                      $

Subscriptions                  80.00              166.00

Koha & Donations      1,190.00           1,493.90

Te Muka Rau Grant               -            1,000.00

Auckland Supper                   -               110.00

Total Income              1,270.00           2,769.90

 

Expenditure                    2019               2018

                                             $                    $

AGM Expenses              242.00             112.50

Printing                                    -             120.91

Meeting Expenses           80.00             475.52

Scoop Publishing           201.25                      -

Website Expenses         369.93               32.36

Travel Expenses         1,041.00                      -

Travel/Accom./Food                -           1,000.00

Total Expenditure        1,934.18          1,741.29

 

Surplus/(Deficit)           (664.18)          1,028.61

 

Basic Income New Zealand Incorporated

Statement of Financial Position  As at 31 December 2019
                                           2019              2018
                                              $                   $ 
Accumulated Funds       2,045.23        1,016.62

Surplus (Deficit)               (664.18)       1,028.61

Total Accum. Funds        1,381.05       2,045.23

Assets

Acts Receivable (Loan)  1,000.00                   -

Cheque/Bank Deposits      381.05       2,045.23

Total Assets                   1,381.05       2,045.23

Liabilities

Current Liabilities                   0.00              0.00

Total Liabilities                        0.00             0.00

Net Assets                      1,381.05       2,045.23 

 

NOTES TO ACCOUNTS: General Accounting Policies The measurement base adopted is historic cost. Reliance is placed on the fact that the Society is an ongoing concern. Accrual is used to match expenses and revenue. These financial statements are prepared exclusive of Goods and Services Tax. Changes in Accounting Policies There have been no changes in Accounting Policies. All policies have been applied on basis consistent with those used in previous years.
 

AUDIT REPORT: I have reviewed the financial statements of Basic Income New Zealand Incorporated. The financial statements provide information about the past financial performance and its position as at 31 December 2019.

THE COMMITTEE'S RESPONSIBILITIES:The Committee is responsible for the preparation of a financial report which fairly reflects the financial performance of Basic Income New Zealand Incorporated as at 31 December 2019.

BASIS of OPINION: I have conducted my Audit in accordance with general accepted auditing standards. I planned and performed my audit as to obtain all the information and explanations which I considered necessary in order to provide me with sufficient evidence to give reasonable assurance that the financial statements are free from material misstatement, whether caused by fraud or error. In forming my opinion I also evaluate the overall adequacy of the presentation of the information in the financial statements.I have no relationship with or financial interests in Basic Income New Zealand Incorporated other than in the capacity as Auditor.

QUALIFIED OPINION: I have obtained all the information and explanations I have required. My examination has not disclosed any unrecorded receipts or payments, but in common with similar organizations, complete internal control over certain activities is not practical and for this reason I am unable to confirm that all receipts and payments have been recorded. Subject to the foregoing, in my opinion the financial statements of the society present fairly, in accordance with generally accepted accounting practice, the financial position of the organization as at 31 December 2019 and its Income and Expenditure Statement for the year ended on that date. My Audit was completed on 16 September 2020 and my qualified opinion is expressed as at that date.  Ruben Magallanes, CA Khandallah, Wellington.

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