Pare Hauraki Fishing Trust Annual Plan 2020 2021
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Pare Hauraki
Fishing Trust
Annual Plan
2020-2021Introduction
T
his is the Annual plan for the Pare Hauraki
Fishing Trust (PHFT) for the period commencing
me
01 October 2020 to 30 September 2021. TheT plan
sets out the objectives that the Trust wants to achieve
in the next 12 months.
pos
The purposeos of
ose
os o the Trust
Trustt is set out
ou in
n the
t Māori Fisheries
Act 200404 and
n in
nd n the
th
he
e Dee
D
Deed
ed of the Pare
P re Hauraki
Ha
H Fishing
ff, the
Trust. In brief, he Trust
he Tru
T
Trus
ru
ust iss to
to hold, manage
manag and administer
the trust fund forfo
or every
everry charitable
eve chha
har
aritable
ritt pur
purpo
purpos
pu
p ur
purpose benefitting the
iwi of Hauraki andan
nd
n d all members
em
e mb s of
mbers o the
th
the 12 iwi of Hauraki,
respective
ctive of where
irrespective whe
h e they
here
he they live.
Thee Trust
T has establi
blished
blished
li ed Pare
established P Ha
Haurakik As ett Holdings
Asset Ho
H
Lim
mited (PHAHL) known
Limited knowwn as
wn as Pare
Par
are Hauraki
H
Haau Kaimoan
Kaimoa
mo o
Kaimoana to receive
an
nd manage the fisheries
and sherie
rie
ies
es and aquaculture
aq culture
tu settlement
settle
settleme
me assets
nd create wealth from a diversifi
and d versified
d investment
investme
tm
m n portfolio.
me port
por
1The key focus Strategic Objective
ctive 1
of the Trust this year will be to: Exercise good governance
• Exercise good governance and increase the knowledge • Annual Report and Annual • Trustees to increase
of trustees in the fishing industry; Plan of PHFT and PHAHL their information and
documents are available nowledge of fisheries
knowledge she es
• Maintain strategic relationship with Pare Hauraki Kaimoana
20 working days prior to the d aquaculture.
and
(Pare Hauraki Asset Holdings Limited);
Annual General Meeting.
eview the Trust
• To review
• Progressively obtain statutory consents to enable
• Financial audits of PHFT Deed and if apppropriate
e
appropriate
development of the water space transferred to PHAHL.
and PHAHL completed in mendmentt to
seek amendment
• Progressively develop and operate marine farming in a timely manner. the Trustt Deed.
eed.
eed
the water space that is transferred to PHAHL.
• Support PHAHL in diversifying its investment activities.
• To ensure PHFT is appropriately structured to meet its
Strategic Objective 2
objectives and legislative requirements. Maintain strategic relationship with Pare Hauraki
ki
Kaimoana (PHAHL)
• Deliver a programme of iwi, education, culture & arts,
sports, and marae development grants through the service • Maintain reporting and • Receive and approve ve the
agreement with the Hauraki Māori Trust Board. relationships between the Asset Holding Company any
Boards, Chairs and executives 021
Annual Plan for 2020-2021
• Continue discussions about potential disaggregation (iwi of (PHFT and Pare Hauraki period setting out:
withdrawing from the Trust) and its implication for the Trust. Kaimoana (PHAHL). - Key strategies for the use and
• Continue to liaise with PHAHL in regard to the approved • Review key documents such development of fisheries,
Statement of Investment Strategy and Policy (SIP) and the aquaculture and other assets.
as the Annual Plan.
dividend payable to the Trust. - Expected financial return on fisheries
• Keep under review and aquaculture settlement assets.
appointments to the Asset - Its program to re-organise
Holding Company of both settlement quota held by it.
independent directors and - Any proposal to change
PHFT trustees. company’s constitution.
2 3Strategic Objective 3 Budget 2020-2021
Develop all transferred water space assets.
• Progressively obtain • Progressively develop and Income
statutory consents to enable operate marine farming or Dividend from PHAHL and Grant $1,400,000
development of water space fish farming in the water space
transferred to PHAHL and any transferred to PHAHL and any
new water space acquired. new water space acquired. Governance & Operational Costs
Trustees Fees & Travel 174,000
Strategic Objective 4 Services from HMTB
Professional Services
365,000
50,000
Create wealth from a diversified investment portfolio. Hui Expenses 10,000
Advertising & Communications 15,000
• Review the major non-fishing and non-aquaculture investment
Printing & Stationery 20,000
projects implemented by the Asset Holdings Company.
Fisheries Conference 3,500
Auditor 7,000 $644,500
Strategic Objective 5
Programme Costs
To ensure PHFT is appropriately structured and managed
to meet its objectives and legislative requirements. Iwi Grants 360,000
Education Grants 100,000
• Maintain the Service Agreement other methods to ensure PHFT services
are well understood by its members; Marae Development Grants 100,000
with HMTB confirming that: Sports Grants 30,000
- It will administer the grants • Review distribution of benefits Mātauranga (Culture & Arts) Grants 40,000
programme on behalf of the Trust; and grants during 2021 year.
Contingency (COVID-19) 100,000 $730,000
- Provide shared managerial, • Ensure settlement rights
administrative, and financial services;
are protected. Total Costs $1,374,500
- Provide an active marketing and
communication strategy and • Increase the Tribal Register,
maintain an up to date Iwi Register; improve the registration and Surplus $25,500
- Communicate through the web site, approval process & ensure
social media, cultural networks and it is up to date.
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