2018/19 Annual Review

BUILDING BOLD 2018–2019 Annual Review

HEAD OF SCHOOL’S REPORT

Since its founding, Balmoral Hall School has cultivated a reputation for leadership in girls’ education.

From the women who were the first in their matriarchal lineage to pursue post-secondary education to the girls who will someday create jobs that do not exist yet, our alumnae are perpetually ahead of their time. So much has changed in the past century, including early childhood, primary, and secondary education. What remains are our values.

INSPIRING THE IMAGINATION AND COURAGE TO EXCEL TO REACH TO LEAD TO CARE

Alumnae and parents of graduates know that Balmoral Hall School is the best choice for girls’ education.

Global trends indicate that arts and culture continue to fuel economic growth thanks to the rise of creative industries. We prepare our students for a future in which creativity will be one of their greatest assets with an emphasis on teaching and learning in science, technology, engineering, arts, and mathematics (STEAM).

“We’re going to be bold,” we declared in Fall 2017 with aspirations to become a globally recognized and trusted brand, to build an unlimited learning community, and to create a culture of philanthropy and financial sustainability.

We offer a supportive environment for girls’ learning with a strong sense of community. We encourage the love of learning in a place of belonging that nurtures resilience, inspires creativity, and celebrates diversity. We make sure every BH girl graduates with purpose.

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As in 17­/18, our boldness continued in 2018–19 with more awards and accolades for our faculty and staff, more scholarships, bursaries, and internships for our students, and more contributions to our Centre for Arts & Design, with $5.1 million raised as of June 30, 2019.

With enrolment steadily rising from Child Care to Grade 12, endowment tripling over the past 10 years, and most metrics signifying growth, our strategic outlook is positive.

With your support, we persist in pursuing excellence for our students, for ourselves, and for our future.

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We believe all-girls education must be balanced.

Joanne Kamins

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We believe globally minded citizens act with compassion and integrity.

Head of School

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We believe lifelong learning is built upon curiosity, creativity, resiliency, and innovation.

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BOARD CHAIR’S REPORT

BOARD OF GOVERNORS We are pleased to welcome LCol Amanda Aldous ’02, Mr. Tyler Gompf, and Mr. André Kriening to our Board of Governors, with thanks to Mrs. Joy Loewen and Mrs. Joan (Rankin) Richardson ’69 for their service to the school community as past governors.

As Chair of Balmoral Hall School’s Board of Governors since July, I have observed the ceaseless effort required to create a learning environment characterized by caring.

I am fortunate to collaborate with many members of the school community who wholeheartedly inspire the imagination and courage to excel, to reach, to lead, to care.

June 2019 marked the retirement of Past Chair Mrs. Joy Loewen.

On behalf of Balmoral Hall School, I express earnest and heartfelt appreciation for her extraordinary impact. Thanks, as well, to fellow retiree Mrs. Joan (Rankin) Richardson ’69 for her service and support. After steadfastly stewarding the 2017–20 strategic vision, “Building Bold,” over the past two years, Ms Nancy Cipryk ’86 has assumed the role of Past Chair.

We will continue to be bold, together.

I am awed by the dedication of Head of School Mrs. Joanne Kamins, faculty, and staff to lead with a bold vision of pursuing excellence. My fellow governors and I persistently support strategic priorities to become a globally recognized and trusted brand, to build an unlimited learning community, and to create a culture of philanthropy and sustainability. What motivates us is the joy on students’ faces, including my granddaughter’s, as they master a new skill, or start a new project, or pursue a new opportunity such as post-secondary studies.

These are exciting times in our school’s history. The Centre for Arts & Design offers a signature educational experience that emboldens girls to be confident in an ever-changing world. A stepping stone on their academic and professional paths, the journey of a lifetime begins at Balmoral Hall School. Worldwide, alumnae are studying, working, and volunteering to their fullest potential. In sustaining connections to their school community, alumnae share a unique affinity. What we offer as a school, as a community, and as a network withstands the passage of time.

The atmosphere is quite magical! Every time I visit campus, like most others, I sense the magic of Balmoral Hall School. Commitment to caring, love of learning, and exceptional school spirit generates an energy unlike any other.

The future shines so bright!

Marilyn R. Robinson Chair, Board of Governors

Mrs. Marilyn R. Robinson, Chair LCol Amanda Aldous ’02 Dr. Anthony Battad Dr. Douglas Brown Ms Nancy Cipryk ’86, Past Chair Mrs. Kellie Damphousse, Parent Association President Ms Rebecca Friesen Mrs. Kelly Gasmen Mr. Tyler Gompf Ms Carla Goncalo ’01 Ms Stacey Grocholski Mr. Bruce King Mr. André Kriening Dr. Vanessa Warne Mrs. Laura (Lemon) Wetton ’03 Mrs. Joanne Kamins, Head of School (Ex Officio) Mrs. Ernestine Da Silva, Executive Assistant

2018/19 ANNUAL REVIEW | BALMORAL HALL SCHOOL

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AUDITOR’S REPORT —

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AUDITOR’S REPORT —

2018/19 ANNUAL REVIEW | BALMORAL HALL SCHOOL

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BALMORAL HALL- SCHOOL FOR GIRLS CONSOLIDATED STATEMENT OF FINANCIAL POSITION Consolidated Statement of Financial Position — June 30, 2019 2019 ASSETS CURRENT Cash and Short-Term Investments Accounts Receivable Inventories and Prepaid Expenses

$

CAPITAL ASSETS

4,039,485 1,144,763 318,962

2018

$

5,943,430 934,107 458,546

5,503,210

7,336,083

14,424,010

9,373,267

$

19,927,220

$

16,709,350

$

44,914 1,473,720 6,901,521 4,661,083 1,673,794 209,937 14,964,969

$

62,079 1,377,047 6,663,720 2,686,355 207,208 10,996,409

LIABILITIES CURRENT Obligation under Capital Lease, Current Portion Accounts Payable and Accrued Liabilities Deferred Revenue Deferred Capital Contributions¹ Bank Indebtedness- Construction loan Long-Term Debt, Current Portion LONG-TERM DEBT OBLIGATION UNDER CAPITAL LEASE FUND BALANCES Invested in Capital Assets Contributed Surplus & Reserve Fund Internally Restricted

$

2,312,277

2,462,614

32,950

44,338

2,051,967 335,389 229,668

2,417,045 335,389 453,555

2,617,024

3,205,989

19,927,220

$

16,709,350

¹Deferred Capital Contributions consist of donations that have been received and directed to the construction of the Centre for Arts and Design but not yet spent. Construction of the Centre for Arts and Design commenced in April 2018 and will be ready for new programming in September 2019.

This statement is the consolidated total of all funds in the School: Operating, Capital (includes 5425604 Manitoba Ltd), Centre for Arts and Design, Student Activities, Parent Association and Trust Fund. This statement is an excerpt summarized from the audited consolidated statement of financial position for the year ended June 30, 2019. A full set of consolidated audited financial statements is available upon request.

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CONSOLIDATED STATEMENT OF OPERATIONS AND BALMORAL CHANGE HALL - SCHOOL FOR IN GIRLS FUND BALANCES Consolidated Statement of Operations and Change in Fund Balances — Year Ended June 30, 2019 2019 REVENUE Student Fees Boarding and Dining Hall Child Care Programs

$

Revenue from fees and programs Grants Donations and Fundraising Interest Rentals Store Sales Miscellaneous Total Revenue EXPENDITURES School Operating Child Care Boarding and Dining Hall Programs Expenditures from school operating and programs General Administration Building and Maintenance Financial Aid, Scholarships, and Awards Events and other expenses Store Operations and Cost of Goods Sold Total Expenditures Excess of revenues over expenditures prior to amortization Amortization Deficiency of revenue over expenditures

$

12,666,423

2,019,623 207,612 137,436 270,400 144,686 58,617

1,955,011 193,380 124,301 253,817 133,671 81,264

14,993,753

15,407,867

6,549,125 603,081 2,449,711 764,801

6,456,288 588,320 2,934,295 678,246

10,366,718

10,657,149

2,553,515 1,056,433 570,415 41,196 92,068

2,522,715 1,072,916 593,141 41,900 115,390

14,680,345

15,003,211

313,408

404,656 (618,234)

(300,159) $ 3,205,990

Allocation to Capital Reserve Fund Allocation to CFAD fund from BHPA Transferred to Endowment

2,617,025

(213,578) 3,377,317

(250,000) (38,806) $

8,025,911 3,567,801 665,442 407,269

12,155,379

(613,567) $

FUND BALANCES - Beginning of Year

FUND BALANCES - End of Year

8,117,628 2,909,986 685,264 442,501

2018

68,112 (25,861) $

3,205,990

This statement is the consolidated total of all funds in the School: Operating, Capital (including 5425604 Manitoba Ltd.), Centre for Arts and Design, Student Activities, Parent Association and Trust Fund. This statement is an excerpt summarized from the audited consolidated statement of the School's operations and changes in fund balance for the year ended June 30, 2019. A full set of consolidated audited financial statements is available upon request.

2018/19 ANNUAL REVIEW | BALMORAL HALL SCHOOL

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NAMED FUNDS — Many of our donors choose to support named funds as a tribute to friends, family, or former teachers.

Named funds provide bursary support for girls of promise. A full description of our named funds can be found online. Some donors choose to support the school during their lifetime, while others make provision for support through estate gifts as members of Meliora Petens Legacy Society.

Funds listed below had a value of $7,500 or more as at June 30, 2019. Please note that not all gifts made to named funds in 2018/19 are included in these fund values as at June 30, 2019. We invest annually in the fall.

Alumnae Future Generations Fund

$92,675

Jessiman Family Bursary Fund

$86,722

Ariana Meyers ’09 Excellence in Public Speaking & Debating Scholarship

$15,542

Joe Brain Foundation Fund

$35,332

Betty (Holden) Buggey RLS ’26 Scholarship Fund

$77,551

Julia M. Adamson Memorial Foundation Fund

$35,189

Class of 2018 Fund

$60,455

Kady Evanyshyn ’13 Arts Scholarship Fund

$16,649

Class of 2019 Fund

$50,587

Laura Milner White Scholarship Fund

$41,204

Class of 2020 Fund

$10,731

Margaret Beasley Bursary Fund

$111,578

Dr. W. Grant Beaton Science Bursary Fund

$66,814

Margaret Clark Jones Bursary Fund

$55,665

Elsie M. Bartlett Rupert’s Land Fund

$64,772

Meredith ’14 and Gillian ’17 Chiu Scholarship and Bursary Fund

$108,875

G. Harold Aikins Scholarship Fund

$19,842

Miss Beverley Sharman Scholarship Fund

$39,950

Girls of Promise Fund (formerly, Centennial Endowment Fund)

$1,508,341

Nellie Lucas Fund

$45,091

Growth in Writing in Grade 8 Award Fund

$38,459

Ossama AbouZeid Scholarship for Excellence in Math & Science

$37,704

Gwendolyn Murrell-Wright Fund

$35,851

Rina Ganguly Memorial Arts Award Fund

$15,236

Jacuzzi Family Science Scholarship

$26,497

Terry Fulton Baillie Bursary Fund

$144,761

Jessie May Carter Riverbend Fund

$20,968

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FOUNDATION CHAIR’S REPORT It is an honour to be part of Balmoral Hall School as incoming Chair of our BH Foundation Board.

BH FOUNDATION BOARD

I wish to thank Past Chair Mr. Jim Perchaluk for his service and for his family’s longstanding support of Balmoral Hall. In addition, longtime Board member Mr. Peter Jessiman retired over the summer. He and his family are dedicated supporters of and advocates for Balmoral Hall. It will be a difficult task to find such stalwart supporters as their replacements.

Dr. Aaron Chiu, Chair Ms Michelle Ball ’87

As a parent of two lifers, Meredith Chiu ’14 and Gillian Chiu ’17, I witnessed the impact of the school’s sense of community, the extraordinary education, and the breadth of opportunities provided by Balmoral Hall. I believe sincerely that my daughters have grown into remarkable young women and will continue to succeed because of all of this.

Our family is fortunate to have had the means to send our daughters to Balmoral Hall. Both Leslie and I come from families for whom private school was never an option. Leslie, Meredith, Gillian, and I decided to help families with limited financial means to send their daughters to Balmoral Hall.

During our daughters’ Senior School years, we created and built up an endowment to provide bursaries.

Families whose daughters can benefit from an education at Balmoral Hall should have the opportunity.

The purpose of The Balmoral Hall School Foundation is to financially assist these families. My family wholeheartedly supports that purpose.

Please join us by contributing to The Girls of Promise Fund by contacting legacy@balmorallhall.ca.

PURSUING EXCELLENCE — MELIORA PETENS

Ms Nancy Cipryk ’86, Board of Governors Past Chair Mrs. Aynsley (Hinchliffe) Cockshott ’83 Ms Deborah Metcalfe ’76 Mrs. Marilyn R. Robinson, Board of Governors Chair

BALMORAL HALL SCHOOL ANNUAL GENERAL MEETING November 13, 2019 7 p.m.

Centre for Arts & Design

Aaron Chiu, MD, FRCPC, MBA, ICD.D 2018/19 ANNUAL REVIEW | BALMORAL HALL SCHOOL

Chair, BH Foundation Board

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630 Westminster Ave. Winnipeg MB R3C 3S1 Canada

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