L A U N N A T R O P E R
Criteria for Curriculum Implementation
FOR THE YEAR ENDED 30 JUNE 2012
Early childhood is “..a period of momentous significance for all people growing up in (our) culture‌ By the time this period is over, children will have formed conceptions of themselves as social beings, as thinkers and language users and they will have reached certain important decisions about their own abilities and their own worthâ€?. (Donaldson, Grieve & Pratt, 1983)
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W E L L IN GTO N K I N D E RG A RT E N S | A N N UA L R E P O RT 2012
Annual Report 2012
s t n e t n co Board Report
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Our Board
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Year in Review
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Snapshot
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Kindergarten Locations
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Community Services
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Grant Funding
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Financial Statements
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FINANCIAL YEAR END 2012
T R O P RE
Board Report Tēnā Koutou Katoa
The past year has been a year of continuous improvement for both the Board and the Association. Board members attended the New Zealand Kindergartens Spring Meeting in 2011 and the Governance Hui in May 2012 (supporting the strong governance of regional kindergarten associations). Regular opportunities are also provided to attend seminars around high-quality management techniques. We would like to thank all current and past Board members for their dedication and support over the past year. This year has been an exciting one with the amazing success of many projects. Due to its huge success, we would like to make special mention of the YMen project. To all of those involved, the Board would like to extend our gratitude and congratulations on a job well done. The benefits of the project have been wide reaching – impacting the young men involved, their whānau, support networks and communities, as well as our children and their whānau and communities. They are benefits that will be felt well into the future. With 2012 marking the end of the previous five year strategic plan, the Association, in partnership with stakeholders and communities, is working on a revised plan. With so much growth and development over the past five years, the new plan is shaping up to be very innovative, while continuing to have children at the heart of everything we do. We are looking forward to its launch at this year’s Annual General Meeting in September 2012. Thank you to the Association management team for their ongoing dedication and leadership during the past year. We would also like to thank the teaching and support staff for making kindergartens what they are today – an amazing learning journey for our precious children. We are excited about the future and being involved in such a progressive organisation, where the main focus is, and will remain, our children and providing them quality education and care. Carole Olmedo
Chairperson Wellington Region Free Kindergarten Association
W E L L IN GTO N K I N D E RG A RT E N S | A N N UA L R E P O RT 2012
D R A O OUR B
FINANCIAL YEAR END 2012
Carole Olmedo
Claire Brown Victoria Esson Lisa Lemaire Sarah Gallagher John Morrison Anna Scott Michelle Wanwimolruk Amanda Coulston
General Manager
Wellington Region Free Kindergarten Association
Jane Horrax Anne Masterton
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W E I V E IN R
FINANCIAL YEAR END 2012
July 2011 to June 2012 saw the Association continue to strengthen its position as a leader in the provision of high-quality early childhood education (ECE). The year saw continuous professional development of our teachers, participation in ‘best practice’ research and development and constant review and evolution of our services to support communities.
Over the last 12 months, the Education Review Office (ERO) visited and reviewed all 62 kindergartens and commented that “Teachers are warm, caring, responsive and nurturing... they document emergent interests, dispositions and skills to inform group planning and respond to these with appropriate resources and teaching strategies.” New Zealand has a world-renowned curriculum in Te Whāriki that guides and enables teachers to support children to become capable and competent learners. Te Manawa – Criteria for Curriculum Implementation, developed by the Senior Teacher team and introduced to teachers in May 2011, was rolled out as part of the professional development programme. The Te Manawa criteria assist teachers to confidently implement Te Whāriki and foster the involvement of parents and whānau in their child’s learning at kindergarten and at home. These aspects ensure quality outcomes for children. The fifth annual teachers’ conference was held in July 2011 at the Michael Fowler Centre, with some 450 teachers sharing their knowledge and ideas around the theme of Te Whāriki – past, present and future – looking at the evolution of our national curriculum. Teachers attended workshops run by notable researchers – Professor Joce Nuttal, Dr Alex Gunn and Professor Margaret Carr. Responding to the changing needs and inquiries from families around reviewing hours, July 2011 to June 2012 saw the majority of our remaining kindergartens move away from traditional morning and afternoon sessions. “Things have changed since my first child was at kindergarten doing the traditional hours. As I had my younger children, it became tricky managing their sleeps around that afternoon session pick up. The afternoon was also a time my son started to tire. I think, the move to having younger children in morning sessions maximises the enjoyment for the child and makes managing multiple young children easier for parents” – Parent. The Association remains committed to increasing participation of children in high-quality ECE. The benefits to young children participating in ECE are wide ranging
and long term. At this age, children are developing dispositions and skills that will help them throughout their education – personal and academic. To achieve this we are diversifying our service and moving away from a ‘one size fits all’ approach. So while centre-based education and care remains the Association’s core service, we opened a homebased service, Etu Ao, in May 2012 for families in the Porirua East community. We also implemented a Ministry of Education-funded Engaging Priority Families (EPF) programme to support threeand four-year-old children in Porirua East into ECE. As a result, children who would have gone to school with no ECE have been enrolled in a variety of teacher-led ECE services in the area. From July to December 2012, we trialled the YMen programme in conjunction with the Ministry of Social Development, employing eight young men to work in our kindergartens, actively engaging with children and their whānau. The comprehensive support and mentoring provided by senior staff from the Association was a resounding success – for both the children and the young men themselves. “My daughter really misses him. He was so good with the kids at the kindergarten – he was a natural! Every time I saw him at the kindy the kids were flocking around him. They all loved him. I particularly remember one day when he made a volcano in the sand pit with the kids, just using water and food colouring. They all had so much fun and it was a joy to watch” – Parent. In 2012, all of the young men went on to paid employment or full-time tertiary study, with five of them being accepted to undertake their Degree in Teaching, Early Childhood Education. The second intake of YMen, a group of 12 young men, began in early September 2012.
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W E L L IN GTO N K I N D E RG A RT E N S | A N N UA L R E P O RT 2012
The Association continued to condemn the Government’s cuts to ECE funding that came into place in February 2011. The top two funding bands were removed and replaced with a lesser 80%+ band. Those services employing 100% qualified registered teachers lost 20% of their funding. Across 2010/11 and 2011/12 the Association was forced to operate with $3.4 million less funding per year than in prior years. The Association and Association Board have actively pursued strategies to mitigate funding losses that do not undermine the philosophy or underlying values of the organisation. In 2010/11 these strategies included moving our remaining 11 kindergartens to All Day licences and improving the monitoring of kindergarten rolls, improving fee debt management and reducing costs by implementing preferred supplier arrangements. During the 2011/12 financial year the Association Board was forced to take further steps to mitigate the impact of funding cuts by ‘sharing the load’ with our staff and communities. The Board: ›› maximised funding by having our kindergartens open for more days in 2011/12 ›› introduced a voluntary whānau contribution of 50 cents per hour for the first 20 hours that children attend our kindergartens. Whānau Contributions were introduced as part of a wider national and regional communications strategy to inform communities about the negative move by the Government to regulate less than 100% qualified teachers in ECE and why qualified staff are essential ›› rationalised Association Head Office costs and continued to put pressure on our suppliers to reduce their charges. The Association’s budgeted result for the financial year to 30 June 2012 was a deficit of $900,000. We are pleased that the strategies adopted by the Board have resulted in the organisation achieving a deficit of $295,000 for the financial year to 30 June 2012. However, the cuts to funding continue to erode our financial position. While we have maintained a positive cash flow throughout 2011/12, largely through deferring capital investment in our kindergartens, this is not sustainable long term and the Association is projecting a deficit for the financial year to 30 June 2013, and a related cash shortfall.
WRFKA Surplus/(Deficit) and Cash ($000s) 3,250 3,000 2,750 2,500 2,250 2,000 1,750 1,500 1,250 1,000 750 500 250 0 (250) (500) (750)
Surplus/(Deficit) Cash
30 June 2010 Actual
30 June 2011 Actual
30 June 2012 Actual
30 June 2013 Budget
This graph illustrates the significant impact the funding cuts have had on the Association – we continue to manage with limited cash flow and have relatively limited resources to invest in our kindergartens and maintain a high-quality, affordable and accessible service. The Wellington Association has a proud history of providing high-quality ECE. It was founded on the belief that all children should have access to high-quality ECE whether it be Playcentre, Kōhanga, childcare or kindergarten. It supports all of our teachers to achieve and maintain the standards required for Teacher Registration by the New Zealand Teachers Council. We employ a team of highly experienced Senior Teachers who ensure that all teachers in our services undertake ongoing professional development that keeps them at the cutting edge of ECE pedagogy. The Association is therefore firmly opposed to this Government’s position that our youngest and most vulnerable children don’t need 100% qualified registered teachers educating and caring for them in centres and kindergartens. This is a worrying shift away from what was a commitment to a world-leading and world-class ECE system and one that could have a serious and detrimental effect on the success of New Zealand’s future generations of children. Regardless of the financial challenges facing the Association, all kindergartens continued to maintain their high standards of education and care throughout the year, contributing significantly to children’s learning outcomes and therefore to the communities in which they are nestled.
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T O H S SNAP
FINANCIAL YEAR END 2012
9,750 CHILDREN HAVE ATTENDED OUR
62 KINDERGARTENS OVER THE PAST YEAR
, 4 220 attend kindergarten at aNY ONE TIME - ›› 2,335 NZ EUROPEAN/PAKEHA ›› 713 MAORI ›› 424 PASIFIKA ›› 402 ASIAN ›› 202 EUROPEAN
›› ›› ›› ››
46 43 41 14
OTHER/NOT STATED MIDDLE EASTERN AFRICAN LATIN AMERICAN
70 SERVICES
We are focused on the areas of greatest need and where we stand to make the biggest impact in ECE participation, among Ma-ori, Pasifika and children from low socio-economic communities. Hekia Parata, Minister for Education.
MIDDLE EAST
EUROPE
ASIA
LATIN AMERICA
PASIFIKA
AFRICA New Zealand
Things have changed since my first child was at kindergarten. He’s now 6 and he started off doing the traditional hours (morning and afternoon sessions) so having a slightly longer day has been really helpful especially when I went back to work. Amanda White, parent. ›› ›› ›› ››
62 KINDERGARTENS 6 PLAYGROUPS 1 HOME-BASED SERVICE 1 HOLIDAY PROGRAMME
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W E L L IN GTO N K I N D E RG A RT E N S | A N N UA L R E P O RT 2012
3MODELS KINDERGARTEN 9% of children at our kindergartens are infants and 2-year-olds 8 kindergartens enrol infant to school age children
440 TEACHERS ARE EMPLOYED
AT OUR KINDERGARTENS
›› 100% ARE QUALIFIED AND REGISTERED ›› 35 ACHIEVED HIGHER QUALIFICATIONS
Isla is 9 months and she’s just started and this is her big brother Max who’s 3. So it’s great that they can both be here together. She’s just settling in but I think it’s helping that she’s got her big brother next door. Amanda White, parent.
Skilled, qualified teachers must be employed to give young children in New Zealand the best opportunity they can for the beginning of their educational journey. Trained teachers have the skills, confidence and knowledge to provide a personalised education programme for their children. New entrant teacher and deputy principal, Wellington region.
›› 161 PARTICIPATING IN CHILDREN’S LEARNING RESEARCH PROJECTS
87 SUPPORT staff
›› 5 FULL DAY ›› 50 SCHOOL DAY ›› 7 MORNING/AFTERNOON
Support staff play an essential role in our kindergartens because they allow teachers to concentrate on the learning programme and environment. Our talented group of language and culture specialists ensures our multi-cultural learning programme is strong and therefore beneficial to children’s learning. Amanda Coulston, General Manager, WRFKA.
›› 62 ADMINISTRATORS ›› 19 TEACHER AIDES ›› 6 LANGUAGE AND CULTURE SPECIALISTS
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S N O I T LOCA
WELLINGTON
Our Kindergartens Adventure Kindergarten Ascot Park Kindergarten Bellevue Kindergarten Berhampore Kindergarten Betty Montford Kindergarten Brian Webb Kindergarten Brooklyn Kindergarten Cambridge Street Kindergarten Campbell Kindergarten Churton Park Kindergarten Discovery Kindergarten East Harbour Kindergarten Hataitai Kindergarten Island Bay Kindergarten Johnsonville Full Day Kindergarten Johnsonville West Kindergarten Karori Kindergarten Katoa Kindergarten Khandallah Kindergarten Lyall Bay Kindergarten Maraeroa Kindergarten Matairangi Community Kindergarten Miramar Central Kindergarten Miramar North Kindergarten Moira Gallagher Kindergarten Mungavin Kindergarten Newlands Kindergarten Newtown Kindergarten Ngahina Kindergarten Ngaio Kindergarten Northland Kindergarten Nuanua Kindergarten Onslow Kindergarten Otaki Kindergarten Owhiro Bay Kindergarten Papakowhai Kindergarten Paparangi Kindergarten Paraparaumu Kindergarten Paremata Kindergarten Parsons Ave Kindergarten Petone Kindergarten Petone Beach Kindergarten Piko Piko Clyde Quay Kindergarten Plimmerton Kindergarten Pukerua Bay Kindergarten Pukerua Bay Preschool Kindergarten Raumati Beach Kindergarten Raumati South Kindergarten Seatoun Kindergarten Strathmore Park Kindergarten Sunshine Kindergarten Tai Tamariki Kindergarten Tairangi Kindergarten Taitoko Kindergarten Tawa Central Kindergarten Titahi Bay Kindergarten Toru Fetu Kindergarten Tui Park Kindergarten Wadestown Kindergarten Waikanae Kindergarten Waitangirua Kindergarten Wellington South Kindergarten
18 Longitude Place, Whitby, Porirua, 5024 175 Conclusion Street, Ascot Park, Porirua, 5024 50 Link Road, Newlands, Wellington, 6037 3-5 Stanley Street, Berhampore, Wellington, 6023 46 York Street, Levin, 5510 28 Victory Crescent, Tawa, Wellington, 5028 62 Todman Street, Brooklyn, Wellington, 6021 76a Cambridge Street, Levin, 5510 25 Campbell Street, Karori, Wellington, 6012 86 Churton Drive, Churton Park, Wellington, 6037 3 Pullen Lane, Whitby, Porirua, 5024 99 Muritai Road, Eastbourne, Lower Hutt, 5013 8 Taurima Street, Hataitai, Wellington, 6021 100 Melbourne Road, Island Bay, Wellington, 6023 6 Wanaka Street, Johnsonville, Wellington, 6037 34a Kipling Street, Johnsonville, Wellington, 6037 155 Campbell Street, Karori, Wellington, 6012 52 Takapuwahia Drive, Takapuwahia, Porirua, 5022 24 Everest Street, Khandallah, Wellington, 6035 89 Apu Crescent, Lyall Bay, Wellington, 6022 36 Astrolabe Street, Cannons Creek, Porirua, 5024 112-114 Waipapa Road, Hataitai, Wellington, 6021 32 Para Street, Miramar, Wellington, 6022 11 Whanganui Street, Miramar, Wellington, 6022 24 Hampshire Street, Cannons Creek, Porirua, 5024 19 Awatea Street, Ranui Heights, Porirua, 5024 13 Horokiwi Road West, Newlands, Wellington, 6037 9 Hospital Road, Newtown, Wellington, 6021 Ngahina Street, Paraparaumu, 5032 65 Ottawa Road, Ngaio, Wellington, 6035 22 Albemarle Road, Northland, Wellington, 6012 5a Warspite Avenue, Cannons Creek, Porirua, 5024 1a Delhi Crescent, Khandallah, Wellington, 6035 68 Waerenga Road, Otaki, 5512 96 Happy Valley Road, Owhiro Bay, Wellington, 6023 5 Yarrow Place, Papakowhai, Porirua, 5024 10 Mark Avenue, Paparangi, Wellington, 6037 27 Donovan Road, Paraparaumu Beach, 5032 51 Paremata Road, Paremata, Porirua, 5024 20 Parsons Ave, Levin, 5510 10a Tennyson Street, Petone, Lower Hutt, 5012 20 King Street, Petone, Lower Hutt, 5012 Cnr Elizabeth & Brougham Streets, Mount Victoria, Wellington, 6011 8a Beach Road, Plimmerton, Porirua, 5026 1 Wairaka Road, Pukerua Bay, 5026 8a Wairaka Road, Pukerua Bay, 5026 32 Raumati Road, Raumati Beach, Raumati, 5032 45 Tiromoana Road, Raumati South, Paraparaumu, 5032 14 Gore Street, Seatoun, Wellington, 6022 50a Strathmore Avenue, Strathmore Park, Wellington, 6022 21a Sunshine Avenue, Karori, Wellington, 6012 55 Cable Street, Wellington Central, Wellington, 6011 1 Omapere Street, Waitangirua, Porirua, 5024 36 Kinross Street, Levin, 5510 21 Oxford Street, Tawa, Wellington, 5028 48 Herewini Street, Titahi Bay, Porirua, 5022 36a Astrolabe Street, Cannons Creek, Porirua, 5024 12b Mexted Terrace, Tawa, Wellington, 5028 45 Oban Street, Wadestown, Wellington, 6012 Russell Reserve Ngaio Road, Waikanae, 5036 4 Kalingo Street, Waitangirua, Porirua, 5024 103 Owen Street, Newtown, Wellington, 6021
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W E L L IN GTO N K I N D E RG A RT E N S | A N N UA L R E P O RT 2012
S E C I V SER
COMMUNITY
Our Playgroups
Based at Katoa Kindergarten Based at Island Bay Kindergarten Based at Taitoko Kindergarten Based at Toru Fetu Kindergarten Based at Wellington South Kindergarten (2)
52 Takapuwahia Drive, Takapuwahia, Porirua, 5022 100 Melbourne Road, Island Bay, Wellington, 6023 36 Kinross Street, Levin, 5510 36a Astrolabe Street, Cannons Creek, Porirua, 5024 103 Owen Street, Newtown, Wellington, 6021
Etu Ao Homebased Service Based at WRFKA Head Office
211 Main Road, Tawa, Wellington, 5028
Our Kindergarten Holiday Programme Based at Wellington South Kindergarten
103 Owen Street, Newtown, Wellington, 6021
Our Head Office Wellington Region Free Kindergarten Association
211 Main Road, Tawa, Wellington, 5028
“Two of our most diverse projects, YMen and Etu Ao, have been made possible by funding from the Ministry of Education and Ministry of Social Development. Both are great examples of how much we can achieve through collaboration and a shared vision” – Amanda Coulston, General Manager, Wellington Region Free Kindergarten Association. One of our YMen Norton Harrison in action.
Etu Ao Educator Linda Sua immersed in play.
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G N I D N FU
GRANT
The Wellington Region Free Kindergarten Association wishes to acknowledge and thank those organisations that continue to give generously to our kindergartens. We rely heavily on grants from community organisations to keep our kindergartens well resourced and assist with their ongoing development and maintenance. Your gifts are appreciated by us, our communities and, most importantly, those children who benefit from attending our kindergartens. In the year to 30 June 2012 the following organisations contributed to our kindergartens: The Trusts Community Foundation The Lion Foundation Mana Community Grants Foundation Pub Charity Infinity Foundation Macarthy Trust Pelorus Trust New Zealand Community Trust Hutt Mana Charitable Trust Nikau Foundation Eleanor May Pharazyn Charitable Trust Frances Henrietta Muter Charitable Trust Kapiti Coast District Council Endeavour Community Trust Wellington Children’s Foundation
$ 45,371 33,182 31,006 20,043 19,000 15,500 14,900 14,700 7,860 5,000 3,000 3,000 3,000 2,150 2,072
Eastern and Central Community Trust PCC Community Development Fund The Wellington Methodist Charitable and Educational Endowments Trust St Johns Trust The Department of Corrections Four Winds Foundation Helen Grant Charitable Trust IBM New Zealand Limited New World Eastern Suburbs John Ilott Charitable Trust Wellington City Council Fonterra Co-operative Group Limited The Johnsonville Club Majorie Galvin Art Fund
$ 2,000 1,964 1,500 1,200 1,000 1,000 800 750 700 550 500 465 400 300
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W E L L IN GTO N K I N D E RG A RT E N S | A N N UA L R E P O RT 2012
s t n e m state
FINANCIAL
W E L L IN GTON REGION FREE KINDERGARTEN ASSOCIATION INCORPORATED
Statement of Comprehensive Income for the year ended 30 June 2012
Note
Year ended 30 June 2012 $000
Year ended 30 June 2011 $000
24,522 816 586 543 259 487
24,840 767 81 476 253 360
27,213
26,777
22,961 2,173 730 121 938 539
21,846 2,277 667 0 905 565
27,462
26,260
(249)
517
0
0
(249)
517
Income
Ministry of Education Funding Fee Income Donations Fundraising Grants Other Income
2
3
Total Income Expenses
Employee Benefits Kindergarten Operating Head Office Operating Homebased Operating Depreciation and Amortisation Property Total Expenses Surplus/(Deficit) for the Year
Other Comprehensive Income Total Comprehensive Income
4 5 6
Statement of Changes in Equity for the year ended 30 June 2012 Year ended 30 June 2012 $000
Year ended 30 June 2011 $000
Opening Equity at 1 July Total Comprehensive Income
18,073 (249)
17,556 517
Closing Equity at 30 June
17,824
18,073
The accompanying accounting policies and notes form an integral part of these financial statements
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W E L L IN GTO N R EG I ON FREE KINDERGARTEN ASSOCIATION INCORPORATED
Statement of Financial Position as at 30 June 2012
Note
As at 30 June 2012 $000
As at 30 June 2011 $000
Cash and Cash Equivalents
8
458
273
Trade and Other Receivables
9
247
249
Accrued Income and Prepayments
241
756
Total Current Assets
946
1,278
Current Assets
Non-Current Assets Intangible Assets
10
20
33
Property, Plant and Equipment
11
17,682
17,839
96
140
Total Non-Current Assets
Work in Progress
17,798
18,012
Total Assets
18,744
19,290
Current Liabilities Trade and Other Payables
12
336
376
Employee Entitlements
13
472
721
Grant Liabilities
14
48
73
36
19
Income in Advance 15
Other Liabilities
28
28
Total Current Liabilities
920
1,217
Total Liabilities
920
1,217
17,824
18,073
Retained Earnings
7,854
8,103
Revaluation Reserves
9,970
9,970
17,824
18,073
Net Assets Equity
Total Equity
Signed as approved on behalf of the Board of the Wellington Region Free Kindergarten Association
Carole Olmedo Chairperson 28 August 2012
Amanda Coulston General Manager 28 August 2012
The accompanying accounting policies and notes form an integral part of these financial statements
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W E L L IN GTO N K I N D E RG A RT E N S | A N N UA L R E P O RT 2012
W E L L IN GTON REGION FREE KINDERGARTEN ASSOCIATION INCORPORATED
Statement of Cash Flow for the year ended 30 June 2012 Year ended 30 June 2012 $000
Year ended 30 June 2011 $000
25,054
24,833
2,528
1,766
163
171
Employee Benefits
(23,210)
(21,418)
Supplier Payments
(3,626)
(3,702)
909
1,650
Payment for Property, Plant and Equipment
(724)
(1,789)
Net Cash Flow From Investing Activities
(724)
(1,789)
Hire Purchase Payments
0
(6)
Net Cash Flow From Financing Activities
0
(6)
Net Increase/(Decrease) in Cash and Cash Equivalents
185
(145)
Cash and Cash Equivalents at the Start of the Year
273
418
Net Increase/(Decrease) in Cash and Cash Equivalents
185
(145)
458
273
Note Cash Flow From Operating Activities Ministry of Education Funding Other Income Interest Income
Net Cash Flow From Operating Activities
20 (a)
Cash Flow From Investing Activities
Cash Flow From Financing Activities
Cash and Cash Equivalents at the End of the Year
The accompanying accounting policies and notes form an integral part of these financial statements
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W E L L IN GTO N R EG I ON FREE KINDERGARTEN ASSOCIATION INCORPORATED
Notes to the Financial Statements for the year ended 30 June 2012 Note 1
Summary of Accounting Policies
REPORTING ENTITY The Wellington Region Free Kindergarten Association Incorporated (“WRFKA”) is registered as a charitable organisation under the Charities Act 2005 and was incorporated in New Zealand under the Incorporated Societies Act 1908 on 21 August 1984. The reporting entity consists of WRFKA Head Office and its constituent kindergartens. The principal activity of WRFKA is the provision of Early Childhood Education. WRFKA is a reporting entity for the purposes of the Financial Reporting Act 1993 and its financial statements comply with that Act. STATEMENT OF COMPLIANCE The financial statements have been prepared in accordance with generally accepted accounting practice in New Zealand, applying New Zealand Equivalents to International Financial Reporting Standards (NZ IFRS) as appropriate to public benefit entities. The financial statements were approved for issue by the WRFKA Board on 28 August 2012. BASIS OF PREPARATION The financial statements have been prepared on the basis of historical cost, except for the revaluation of certain noncurrent assets and financial instruments. Accounting policies have been selected and applied in a manner which ensures that the reported financial information satisfies the concepts of relevance and reliability, thereby ensuring that the substance of underlying transactions or events is fairly reflected. The accounting policies set out below have been applied consistently to all periods presented in these financial statements. Where appropriate certain comparatives have been restated to ensure the consistency of reported information. The functional currency of WRFKA is New Zealand dollars and these financial statements are presented in that currency. SIGNIFICANT ACCOUNTING POLICIES The following accounting policies have been adopted in the preparation and presentation of the financial statements: (a) Income Income is measured at the fair value of consideration received. Ministry of Education Funding Income and Fee Income is recognised as earned by reference to actual enrolled child hours or, in the case of Teacher Registration Support Funding, by reference to the number of provisionally registered teachers working for WRFKA who are eligible for registration support. Fundraising and Donations are recognised as received. Due to the difficulty in reliably determining the value of services donated by kindergarten volunteers, donated services are not recognised in these financial statements. Grants received are recognised in the Statement of Comprehensive Income, except where some grant conditions remain unfulfilled at balance date, in which case the related amount is recognised as a liability. Interest income is recognised using the effective interest rate method. (b) Cash and Cash Equivalents Cash and cash equivalents comprise cash on hand, in bank accounts and investments in money market instruments. (c) Financial Assets Financial assets can be classified as either ‘fair value through profit and loss’, ‘available for sale’, ‘ held to maturity’ or ‘loans and receivables’. The classification depends on the nature and purpose of the financial asset and is determined at the time of initial recognition. Financial assets are recognised on trade date, the date at which WRFKA commits to purchase the asset. Financial assets are derecognised when the rights to receive cash flows from the financial assets have expired or have been transferred and WRFKA no longer holds substantially all the risks and rewards of ownership.
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W E L L IN GTO N K I N D E RG A RT E N S | A N N UA L R E P O RT 2012
W E L L IN GTON REGION FREE KINDERGARTEN ASSOCIATION INCORPORATED
Notes to the Financial Statements for the year ended 30 June 2012
All WRFKA financial assets (Cash and Cash Equivalents, Trade and Other Receivables and Accrued Income and Prepayments) are classified as loans and receivables. Loans and receivables are non-derivative financial assets with fixed or determinable payments that are not quoted in an active market. After initial recognition WRFKA financial assets that are classified as loans and receivable are measured at amortised cost using the effective interest rate method. Gains and losses arising when a financial asset is impaired or derecognised are recorded in the Statement of Comprehensive Income. (d) Impairment of Financial Assets Financial assets are assessed for indicators of impairment at the end of each reporting period. If there is objective evidence that a financial asset or group of financial assets is impaired then any impairment losses are recognised in the Statement of Comprehensive Income. In the case where impairment losses are considered to have reversed, the amount of the reversal is recognised in the Statement of Comprehensive Income, but only to the extent that impairment losses have been recorded in prior reporting periods. (e) Intangible Assets Intangible assets comprise aquired computer software and licences. Computer software and licences are recognised at the cost incurred to acquire and bring the asset to use. Costs associated with maintaining computer software are recognised as an expense when incurred. The carrying value of an intangible asset with a finite life is amortised on a straight line basis over the term of the assets useful life. The amortisation charge is recognised in the Statement of Comprehensive Income. The amortisation rate applied to the major classes of intangible assets has been applied as follows: Computer Software and Licences
25%
(f) Property, Plant and Equipment Property, Plant and Equipment is reflected at modified historical cost less accumulated depreciation and impairment losses. Land, Buildings and Fitouts are carried at modified historical cost having previously been revalued by an independent valuer, last valued in 2005. The cost of an item of Property, Plant and Equipment is recognised as an asset if it is probable that future economic benefits or service potential associated with the item will flow to WRFKA and the cost of the item can be measured reliably. Where an asset is acquired at no cost, or for a nominal cost, it is recognised at fair value at the date of acquisition. Gains or losses on disposal of Property, Plant and Equipment (as determined by comparing proceeds of disposal with the carrying value of the asset) are recorded in the Statement of Comprehensive Income. When revalued assets are sold, the amounts included in revaluation reserves in respect of those assets are transferred to retained earnings. Depreciation is provided on all Property, Plant and Equipment with the exception of Land. Depreciation is provided on a straight line basis so as to write off the cost of an asset, less any expected residual value, over its useful life. The following straight line depreciation rates have been applied to Property, Plant and Equipment: Buildings and Fitouts Motor Vehicles Office Equipment Computer Equipment Play Equipment
2% to 8% 22% 8% to 20% 36% 12% to 24%
The estimated useful lives and residual values of Property, Plant and Equipment, as well as depreciation rates, are reviewed at the end of each reporting period.
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W E L L IN GTO N R EG I ON FREE KINDERGARTEN ASSOCIATION INCORPORATED
Notes to the Financial Statements for the year ended 30 June 2012 Note 1
Summary of Accounting Policies (continued)
SIGNIFICANT ACCOUNTING POLICIES (continued) (g) Impairment of Intangible Assets and Property, Plant and Equipment Intangible assets and Property, Plant and Equipment are assessed for indicators of impairment at the end of each reporting period. If there is objective evidence that these assets are impaired then any impairment losses are recognised in the Statement of Comprehensive Income. In the case where impairment losses are considered to have reversed, the amount of the reversal is recognised in the Statement of Comprehensive Income, but only to the extent that impairment losses have been recorded in prior reporting periods. (h) Financial Liabilities Financial liabilities of WRFKA include Trade and Other Payables, Grant Liabilities, Income in Advance and Other Liabilities. Financial liabilities are recognised when WRFKA becomes a party to the contractual arrangements of the instrument. Financial liabilities are initially recognised at fair value and are subsequently measured at amortised cost using the effective interest rate method. All interest related charges are recognised as finance expenses in the Statement of Comprehensive Income. (i) Employee Entitlements Provision is made for benefits accruing to employees in respect of salaries and wages, annual leave, sick leave and long service leave where it is probable that settlement will be required and they are capable of being measured reliably. Provisions made in respect of employee benefits are recorded at nominal values. The value of provisions recognised reflect accrued entitlements at balance date calculated at the prevailing rates of pay. Sick leave entitlements are calculated based on the value of sick leave used in the previous financial year which exceeds staff members’ annual entitlement. (j) Income Tax WRFKA is a registered Charitable Trust. Inland Revenue has determined that WRFKA is exempt from paying Income Tax. (k) Goods and Services Tax (“GST”) All items in the financial statements are recorded exclusive of GST, except for Trade Receivables and Trade Payables which are recorded as inclusive of GST. (l) Changes in Accounting Policy There have been no changes in accounting policy since the prior period. (m) Adoption of New and Revised Standards and Interpretations At the date of authorisation of the financial statements a number of Standards and Interpretations have been issued but are not effective for the current year end. The reported results and financial position of WRFKA are not expected to change on adoption of these pronouncements as they do not result in any changes to the existing accounting policies. Adoption will result in changes to the information disclosed in the financial statements. WRFKA does not intend to adopt any of the new pronouncements before their effective dates.
19
W E L L IN GTO N K I N D E RG A RT E N S | A N N UA L R E P O RT 2012
W E L L IN GTON REGION FREE KINDERGARTEN ASSOCIATION INCORPORATED
Notes to the Financial Statements for the year ended 30 June 2012
Note 2
24,012 239 155 80 36 0 24,522
24,290 246 0 0 3 301 24,840
163 324 487
171 189 360
22,400 276 193 (15) 107 22,961
21,247 239 220 (26) 166 21,846
Other Income
Interest on Cash and Cash Equivalents Other Income
Note 4
Year ended 30 June 2011 $000
Ministry of Education Funding
Kindergarten Bulk Funding Equity Funding Homebased Funding Engaging Priority Families Funding Playgroup Funding Teacher Registration Support Funding
Note 3
Year ended 30 June 2012 $000
Employee Benefits
Employee Salaries KiwiSaver and GSF Employer Contributions ACC Levies Movement in Employee Leave Liabilities Other Employee Expenses
Employee benefit expenses include compensation of key management personnel as follows: Employee Salaries and other Short-term Employee Benefits
585 585
545 545
Key management personnel are members of the Senior Management Team, which includes the General Manager. Note 5
Kindergarten Operating
Cleaning and Waste Resources and Equipment Rent and Utilities Children’s Activities Kindergarten Administration Fundraising Expenses Insurance Other Kindergarten Operating Expenses
556 386 386 249 236 162 176 22 2,173
533 455 426 332 290 139 75 27 2,277
20
W E L L IN GTO N R EG I ON FREE KINDERGARTEN ASSOCIATIO N INCORPORATED
Notes to the Financial Statements for the year ended 30 June 2012
Note Note 6
Year ended 30 June 2011 $000
223 121 129 95 64 50 21 16 11 730
157 145 94 99 67 62 24 17 2 667
16 16
17 17
Head Office Operating
Office Administration Professional Development Financial and Legal Strategy and Relationships Information Technology Marketing and Communication Board Remuneration Auditor Remuneration Other Head Office Operating Expenses
Note 7
Year ended 30 June 2012 $000
7
Auditor Remuneration
Audit of the Financial Statements
The auditor of the Wellington Region Free Kindergarten Association Incorporated is Grant Thornton. Note 8
Cash and Cash Equivalents
Bank Accounts and Cash on Hand Represented By: WRFKA Head Office Fund Balance Ringfenced Kindergarten Fund Balances
20 (b)
458 458
273 273
(755) 1,213 458
(1,111) 1,384 273
Cash and cash equivalents include cash on hand and in banks and investments in money market instruments. Note 9
Trade and Other Receivables
Fee Receivables GST Receivable Trade and Other Receivables
105 100 42 247
Trade and other receivables are non-interest bearing and are normally settled on 30 day terms, therefore the carrying value of trade and other receivables approximates their fair value.
75 133 41 249
21
W E L L IN GTO N K I N D E RG A RT E N S | A N N UA L R E P O RT 2012
W E L L IN GTON REGION FREE KINDERGARTEN ASSOCIATION INCORPORATED
Notes to the Financial Statements for the year ended 30 June 2012 As at 30 June 2012 $000
As at 30 June 2011 $000
At Cost Balance at 1 July Additions Balance at 30 June
167 0 167
161 6 167
Accumulated Amortisation Balance at 1 July Amortisation Expense Balance at 30 June
134 13 147
121 13 134
33 20
40 33
Note 10
Intangible Assets
Net Book Value Balance at 1 July Balance at 30 June
Intangible assets mainly comprise software licences for the organisation’s child management system.
Note 11
Property, Plant and Equipment
Land As at 30 June 2012 At Cost or Valuation Balance at 1 July 2011 Additions Disposals Balance at 30 June 2012
$000
Buildings & Fitouts $000
Motor Vehicles $000
Office Equipment $000
Computer Equipment $000
Play Equipment $000
$000
4,029 0 0 4,029
15,451 596 0 16,047
154 0 0 154
389 33 0 422
771 65 0 836
552 74 0 626
21,346 768 0 22,114
2,213 678 0 2,891
114 25 0 139
215 51 0 266
634 95 0 729
331 76 0 407
3,507 925 0 4,432
Accumulated Depreciation Balance at 1 July 2011 Depreciation Expense Recovered on Disposals Balance at 30 June 2012
Total
Net Book Value Balance at 1 July 2011
4,029
13,238
40
174
137
221
17,839
Balance at 30 June 2012
4,029
13,156
15
156
107
219
17,682
22
W E L L IN GTO N R EG I ON FREE KINDERGARTEN ASSOCIATION INCORPORATED
Notes to the Financial Statements for the year ended 30 June 2012 Note 11
Property, Plant and Equipment (continued)
Land As at 30 June 2011 At Cost or Valuation Balance at 1 July 2010 Additions Disposals Balance at 30 June 2011
$000
Buildings & Fitouts $000
Motor Vehicles $000
Office Equipment $000
Computer Equipment $000
Play Equipment $000
$000
4,029 0 0 4,029
14,027 1,424 0 15,451
153 1 0 154
332 57 0 389
682 91 (2) 771
438 114 0 552
19,661 1,687 (2) 21,346
1,586 627 0 2,213
81 33 0 114
163 52 0 215
519 116 (1) 634
267 64 0 331
2,616 892 (1) 3,507
12,441 13,238
72 40
169 174
163 137
171 221
17,045 17,839
Accumulated Depreciation Balance at 1 July 2010 Depreciation Expense Recovered on Disposals Balance at 30 June 2011 Net Book Value Balance at 1 July 2010 Balance at 30 June 2011
Note 12
4,029 4,029
Total
As at 30 June 2012 $000
As at 30 June 2011 $000
175 160 1 336
210 159 7 376
Trade and Other Payables
Trade Payables Accrued Expenses Other Payables
Trade and other payables are non-interest bearing and are normally settled on 30 day terms, therefore the carrying value of trade and other payables approximates their fair value. Note 13
Employee Entitlements
Accrued Employee Salary Expenses Sick Leave Entitlements Annual Leave Entitlements
All employee entitlements are current.
292 102 78 472
526 111 84 721
23
W E L L IN GTO N K I N D E RG A RT E N S | A N N UA L R E P O RT 2012
W E L L IN GTON REGION FREE KINDERGARTEN ASSOCIATION INCORPORATED
Notes to the Financial Statements for the year ended 30 June 2012
Note 14
As at 30 June 2012 $000
As at 30 June 2011 $000
48 48
73 73
Grant Liabilities
Unspent Grant Income
WRFKA receives grant income from external parties for a specific purpose. Where grant conditions remain unfulfilled at balance date the amounts gifted are recorded as a liability. Note 15
Other Liabilities
Funds Held in Trust
28 28
28 28
Funds held in trust are amounts raised by committees for the purpose of developing new kindergartens. These funds will be held in trust until development commences, at which point the funds are applied to specific building projects. Note 16
Contingent Liabilities and Contingent Assets
There were no contingent liabilities or contingent assets as at 30 June 2012 (30 June 2011: $Nil). Year ended 30 June 2012 $000 Note 17
Year ended 30 June 2011 $000
Operating Leases
(a) Leasing Arrangements Operating leases relate to office buildings with lease terms of between 3 and 10 years. Contingent rent payable is determined based on the total of future lease payments. (b) Operating Lease Rental Payments Operating Lease Rental Payments
173 173
173 173
(c) Non-Cancellable Operating Lease Payments The future aggregate minimum lease payments to be made under non-cancellable operating lease payments are as follows: Not Longer Than 1 Year Longer Than 1 Year and Not Longer Than 5 Years Longer Than 5 Years
138 220 277 635
98 210 321 629
24
W E L L IN GTO N R EG I ON FREE KINDERGARTEN ASSOCIATION INCORPORATED
Notes to the Financial Statements for the year ended 30 June 2012 Note 18
Related Party Transactions
There were no related party transactions in the year ended 30 June 2012 (30 June 2011: $Nil).
Year ended 30 June 2012 $000
Year ended 30 June 2011 $000
Loans and Receivables Cash and Cash Equivalents Trade and Other Receivables Accrued Ministry of Education Funding
458 247 241
273 249 756
Financial Liabilities Measured at Amortised Cost Trade and Other Payables
336
376
Note 19
Financial Instruments
All financial instruments to which WRFKA is a party are recognised in the financial statements. The carrying value of financial instruments approximates their fair value. WRFKA has policies in place to manage the risks associated with financial instruments. As an organisation WRFKA is risk adverse and seeks to minimise its exposure to financial instrument risk. There are no changes from the previous year in how WRFKA manages its credit risk, interest rate risk, liquidity risk and currency risk. (a) Credit Risk Management In the normal course of business WRFKA incurs credit risk from trade and other receivables and transactions with banking institutions. WRFKA manages its exposure to credit risk by holding cash and cash equivalents with New Zealand registered banking institutions and maintaining credit control procedures over trade and other receivables. WRFKA has no significant concentrations of credit risk. The maximum exposure at balance date is equal to the total amount of cash and cash equivalents and trade and other receivables disclosed in the Statement of Financial Position. WRFKA does not require any collateral or security to support financial instruments it holds due to the low risk associated with the realisation of these instruments. (b) Interest Rate Risk Management WRFKA is exposed to interest rate risk on cash and cash equivalents held at fixed interest rates and any borrowing issued at fixed interest rates. WRFKA has policies in place to limit the organisation’s exposure to borrowing secured using fixed interest rate instruments. WRFKA is not exposed to significant fair value or cash flow risks associated with the use of fixed interest instruments due to the organisation’s limited borrowing levels and minimal use of fixed interest investments. As an organisation WRFKA has limited reliance on interest income to fund its activities. (c) Currency Risk Management WRFKA manages its risk to foreign exchange rates by not entering into significant foreign currency transactions in the normal course of business.
25
W E L L IN GTO N K I N D E RG A RT E N S | A N N UA L R E P O RT 2012
W E L L IN GTON REGION FREE KINDERGARTEN ASSOCIATION INCORPORATED
Notes to the Financial Statements for the year ended 30 June 2012
(d) Liquidity Risk Management WRFKA manages its exposure to liquidity risk by maintaining sufficient cash levels to meet operating and capital commitments as they fall due, as well as keeping credit lines from registered New Zealand banking institutions available. WRFKA uses robust cash flow forecasting techniques to identify and monitor future liquidity risk. WRFKA relies heavily on income provided by the Government to fund its operations. It is inherently exposed to liquidity risk through changes in Government policy that impact funds available to the Early Childhood Education Sector. (e) Carrying Amount The carrying amount of financial assets and financial liabilities recorded in the financial statements approximates their fair value. (f) Capital Management WRFKA’s capital is significantly affected by changes in Early Childhood Education funding rates. The WRFKA Board manages WRFKA’s exposure to changes in Government funding by maintaining adequate liquidity within the organisation, closely monitoring costs and maintaining a focus on developing other sources of income. The impact of funding rate changes or strategic decisions on forecast capital is assessed using cash flow and capital modelling tools.
Year ended 30 June 2012 $000 Note 20
Year ended 30 June 2011 $000
Additional Cash Flow Statement Information
(a) Reconciliation of Comprehensive Income for the Year to Net Cash Flow From Operating Activities Total Comprehensive Income
(249)
517
2 515
(43) (26)
(40) (249) (25) 17
(96) 428 (34) (1)
Adjustment for Non Cash Items Depreciation and Amortisation
938
905
Net Cash Flow from Operating Activities
909
1,650
(Increase)/Decrease in Current Assets Trade and Other Receivables Accrued Income and Prepayments Increase/(Decrease) in Current Liabilities Trade and Other Payables Employee Entitlements Grant Liabilities Income in Advance
26
W E L L IN GTO N R EG I ON FREE KINDERGARTEN ASSOCIATION INCORPORATED
Notes to the Financial Statements for the year ended 30 June 2012 Note 20
Additional Cash Flow Statement Information (continued)
(b) Restrictions on Cash and Cash Equivalents Cash received from Grant Income is restricted for the purpose for which the grant was approved. WRFKA maintains a record of funds ringfenced for specific kindergarten use. These funds consist of amounts donated and fundraised by communities for a specific kindergarten and purpose (kindergarten funds) as well as grant and equity funding income allocated specifically for the use of an individual kindergarten. The following information provides details of ringfenced kindergarten funds as at 30 June 2012:
Kindergarten Funds $
Grant Funds $
Equity Funds $
Total Funds $
Adventure
18,233
1,544
0
19,777
Ascot Park
16,794
0
18,133
34,927
Bellevue
18,256
0
0
18,256
Berhampore
14,142
0
0
14,142
1,083
0
1,138
2,221
Brian Webb
15,529
0
0
15,529
Brooklyn
18,841
2,230
0
21,071
Cambridge Street
35,552
0
30,634
66,186
Kindergarten
Betty Montford
Campbell
11,476
600
0
12,076
Churton Park
10,157
0
0
10,157
Discovery
40,951
0
0
40,951
East Harbour
13,576
0
0
13,576
Hataitai
10,014
6,762
0
16,776
Island Bay
11,858
2,000
0
13,858
Johnsonville Full Day
(920)
1,500
0
580
Johnsonville West
(263)
2,541
0
2,278
Karori
23,759
0
0
23,759
Katoa
1,094
0
12,565
13,659
Khandallah
26,747
0
0
26,747
Lyall Bay
17,435
1,200
0
18,635
Maraeroa
3,835
0
9,923
13,758
Matairangi
15,452
2,643
0
18,095
Miramar Central
19,841
0
0
19,841
Miramar North
4,576
276
0
4,852
Moira Gallagher
1,205
5,000
22,839
29,044
Mungavin
28,200
0
41,153
69,353
Newlands
54,357
0
0
54,357
Newtown
45,136
0
0
45,136
27
W E L L IN GTO N K I N D E RG A RT E N S | A N N UA L R E P O RT 2012
W E L L IN GTON REGION FREE KINDERGARTEN ASSOCIATION INCORPORATED
Notes to the Financial Statements for the year ended 30 June 2012
Kindergarten Ngahina
Kindergarten Funds $
Grant Funds $
Equity Funds $
Total Funds $
7,222
2,000
0
9,222
Ngaio
22,426
0
0
22,426
Northland
17,499
0
0
17,499
Nuanua
2,005
996
9,276
12,277
Onslow
17,804
0
0
17,804
Otaki
12,254
500
2,178
14,932
Owhiro Bay
6,309
6,000
0
12,309
Papakowhai
10,417
0
0
10,417
Paparangi
11,458
1,367
0
12,825
3,919
0
0
3,919
Paremata
Paraparaumu
18,131
0
0
18,131
Parsons Ave
17,651
1,975
7,012
26,638
Petone
15,554
0
0
15,554
4,972
0
0
4,972
Petone Beach Piko Piko Clyde Quay
23,138
0
0
23,138
Plimmerton
51,758
9
0
51,767
Pukerua Bay
7,123
0
0
7,123
15,594
0
0
15,594
Pukerua Bay Preschool Raumati Beach
6,076
0
0
6,076
Raumati South
1,637
0
0
1,637
Seatoun
19,385
0
0
19,385
Strathmore Park
30,389
121
0
30,510
Sunshine
38,239
600
0
38,839
Tai Tamariki
1,800
372
0
2,172
Tairangi
26,667
0
24,051
50,718
Taitoko
(915)
380
18,649
18,114
Tawa Central
7,989
1,650
0
9,639
Titahi Bay
(2,282)
496
6,443
4,657
Toru Fetu
740
0
49,164
49,904
15,298
0
0
15,298
3,002
3
0
3,005
10,198
2,866
0
13,064
Tui Park Wadestown Waikanae Waitangirua Wellington South Total Ringfenced Funds
961
0
8,823
9,784
1,058
0
3,294
4,352
902,392
45,631
265,275
1,213,298
28
W E L L IN GTO N R EG I ON FREE KINDERGARTEN ASSOCIATIO N INCORPORATED
Notes to the Financial Statements for the year ended 30 June 2012 Note 21
Segment Reporting
The primary function of WRFKA is the provision of Early Childhood Education services. It does not operate in any other segment. Note 22
Additional Kindergarten Information
The following notional statements of kindergarten income and expenditure are provided as additional information to supplement other disclosures in the financial statements. The results reported are notional because they do not include the full range of income and expenses that are applicable to individual kindergartens, just those amounts that are managed directly by kindergartens. A range of other expenses such as teachers’ salaries, cleaning, power, telecommunications, rent and rates, marketing, depreciation, audit fees and some property expenses are carried by the WRFKA Head Office.
29
W E L L IN GTO N K I N D E RG A RT E N S | A N N UA L R E P O RT 2012
W E L L IN GTON REGION FREE KINDERGARTEN ASSOCIATION INCORPORATED
Notes to the Financial Statements for the year ended 30 June 2012 Note 22
Additional Kindergarten Information (continued)
NOTIONAL STATEMENTS OF INCOME AND EXPENSES
Income
Kindergarten
WRFKA Operating Subsidies $
Equity Funding
Net Fundraising
Grants
Donations
Other Income
Total Income
$
$
$
$
$
$
Adventure
13,010
0
13,212
25,759
869
671
53,521
Ascot Park
13,010
8,819
677
500
200
285
23,491
Bellevue
13,010
0
6,568
7,425
293
1,108
28,404
Berhampore
13,010
0
4,597
0
39
44
17,690
Betty Montford
12,960
5,742
5,210
500
766
189
25,367
Brian Webb
13,010
0
9,512
2,361
583
690
26,156
Brooklyn
13,010
0
9,480
2,730
1,372
3,637
30,229
Cambridge Street
12,960
10,187
0
0
0
0
23,147
Campbell
12,530
0
3,869
1,100
99
1,979
19,577
Churton Park
13,010
0
10,025
15,400
4,345
1,913
44,693
Discovery
13,010
0
7,777
3,300
130
767
24,984
East Harbour
13,010
0
9,014
500
20
1,357
23,901
Hataitai
13,010
0
6,351
4,200
647
5,046
29,254
Island Bay
22,850
0
15,527
3,000
10
1,298
42,685
Johnsonville Full Day
22,850
0
2,335
6,800
40
357
32,382
Johnsonville West
13,010
0
6,458
13,870
698
764
34,800
Karori
13,010
0
2,940
500
930
1,222
18,602
Katoa
13,010
16,691
2,875
3,500
0
206
36,282
Khandallah
13,010
0
4,952
0
549
444
18,955
Lyall Bay
13,010
0
7,263
2,700
571
759
24,303
Maraeroa
13,060
19,982
0
3,000
0
24
36,066
Matairangi
12,480
0
6,957
1,700
630
145
21,912
Miramar Central
13,010
0
4,003
1,700
827
544
20,084
Miramar North
13,010
0
5,832
1,200
390
2,491
22,923
Moira Gallagher
13,010
22,690
(563)
2,973
0
92
38,202
Mungavin
13,010
18,396
3,345
0
20
681
35,452
Newlands
13,010
0
12,517
8,500
531
105
34,663
Newtown
13,010
0
3,840
500
50
922
18,322
Ngahina
12,960
0
3,615
2,000
159
1,582
20,316
Ngaio
13,010
0
8,015
500
6,420
692
28,637
Northland
13,010
0
4,795
4,000
410
2,116
24,331
Nuanua
12,960
8,354
533
2,500
0
104
24,451
Onslow
13,010
0
25,268
20,500
936
1,313
61,027
30
W E L L IN GTO N R EG I ON FREE KINDERGARTEN ASSOCIATIO N INCORPORATED
Notes to the Financial Statements for the year ended 30 June 2012 Note 22
Additional Kindergarten Information (continued)
NOTIONAL STATEMENTS OF INCOME AND EXPENSES (continued)
Income WRFKA Operating Subsidies $
Equity Funding
Net Fundraising
Grants
Donations
Other Income
Total Income
$
$
$
$
$
$
Otaki
12,960
6,271
5,585
2,500
430
78
27,824
Owhiro Bay
22,850
0
6,665
6,000
431
657
36,603
Papakowhai
12,530
0
7,701
500
77
690
21,498
Paparangi
13,010
0
5,392
6,200
322
1,281
26,205
Paraparaumu
12,960
0
5,459
500
720
266
19,905
Paremata
13,010
0
17,708
3,911
4,365
2,202
41,196
Parsons Ave
12,960
6,158
3,367
2,500
145
522
25,652
Petone
13,010
0
6,549
0
0
534
20,093
Petone Beach
12,530
0
8,378
7,650
524
1,746
30,828
Piko Piko Clyde Quay
12,480
0
3,988
13,950
389
1,665
32,472
Plimmerton
13,010
0
15,804
4,897
500
1,604
35,815
Pukerua Bay
13,010
0
3,318
0
5
811
17,144
6,240
0
2,704
3,000
1,745
40
13,729
Raumati Beach
12,960
0
1,587
2,000
1,593
805
18,945
Raumati South
12,960
0
7,290
2,859
64
3,024
26,197
Seatoun
13,010
0
17,433
0
220
795
31,458
Strathmore Park
13,010
0
4,414
1,500
62
0
18,986
Sunshine
13,010
0
5,634
600
70
1,206
20,520
Tai Tamariki
14,400
0
3,515
2,136
321
0
20,372
Tairangi
12,530
8,496
3,375
0
0
113
24,514
Taitoko
14,400
27,449
4,231
7,996
(455)
867
54,488
Tawa Central
13,010
0
10,355
2,637
591
203
26,796
Titahi Bay
13,010
6,872
1,765
2,896
0
378
24,921
Toru Fetu
28,800
41,293
1,290
2,300
1,471
1,311
76,465
Tui Park
13,010
0
3,166
500
0
208
16,884
Wadestown
12,530
0
3,714
2,000
1,143
276
19,663
Waikanae
12,960
0
8,548
9,123
648
1,024
32,303
Waitangirua
13,010
26,122
1,149
1,601
5
102
41,989
Wellington South
13,230
5,102
1,762
500
121
785
21,500
844,250
238,624
378,645
233,474
38,041
56,740
1,789,774
Kindergarten
Pukerua Bay Preschool
Total
31
W E L L IN GTO N K I N D E RG A RT E N S | A N N UA L R E P O RT 2012
W E L L IN GTON REGION FREE KINDERGARTEN ASSOCIATION INCORPORATED
Notes to the Financial Statements for the year ended 30 June 2012
Expenses Support Staff Kindergarten
Admin
Resources & Activities
$
Notional Surplus/ (Deficit) $
31,460
5,577
48,543
4,978
5,535
7,423
2,534
22,526
965
5,030
13,833
4,305
30,089
(1,685)
7,769
4,437
15,757
3,190
33,226
(15,536)
8,091
6,401
6,477
7,016
2,899
30,884
(5,517)
0
7,958
4,975
5,367
4,758
23,058
3,098
$
$
$
Adventure
127
5,794
5,585
Ascot Park
0
7,034
Bellevue
0
6,921
Berhampore
2,073
Betty Montford Brian Webb Brooklyn
Equipment Repairs & & Capital Maintenance Purchases $ $
Total Expenses
0
5,756
5,461
15,919
2,604
29,740
489
Cambridge Street
2,617
5,762
4,625
7,284
1,602
21,890
1,257
Campbell
1,298
7,246
5,407
8,265
2,329
24,545
(4,968)
Churton Park
2,276
7,056
4,292
24,815
947
39,386
5,307
Discovery
1,511
8,444
7,201
6,315
3,623
27,094
(2,110)
197
5,844
7,781
43,682
2,819
60,323
(36,422)
5,766
6,092
4,368
2,956
1,652
20,834
8,420
0
11,780
7,141
43,776
2,811
65,508
(22,823)
30
15,596
7,671
5,921
2,652
31,870
512
East Harbour Hataitai Island Bay Johnsonville Full Day Johnsonville West
3,344
7,394
4,028
34,532
3,315
52,613
(17,813)
Karori
0
8,140
3,984
4,406
1,299
17,829
773
Katoa
186
13,894
9,872
9,729
2,257
35,938
344
Khandallah
1,410
6,435
5,196
6,281
1,964
21,286
(2,331)
Lyall Bay
1,278
5,886
4,117
8,698
2,429
22,408
1,895
Maraeroa
5,484
11,617
11,791
4,803
3,537
37,232
(1,166)
Matairangi Miramar Central Miramar North Moira Gallagher
0
8,238
3,173
6,580
1,152
19,143
2,769
891
6,580
6,520
7,631
3,588
25,210
(5,126)
3,061
8,345
7,070
5,199
3,640
27,315
(4,392)
118
7,710
9,558
2,990
2,598
22,974
15,228
Mungavin
2,006
6,659
7,854
4,476
3,906
24,901
10,551
Newlands
1,468
5,760
5,320
9,977
4,524
27,049
7,614
Newtown
0
5,669
3,827
8,099
4,924
22,519
(4,197)
73
6,443
3,649
3,282
3,065
16,512
3,804
Ngahina Ngaio
870
7,958
6,552
1,558
5,921
22,859
5,778
7,383
5,267
5,163
6,638
2,110
26,561
(2,230)
Nuanua
0
11,818
5,992
5,625
2,197
25,632
(1,181)
Onslow
4,786
5,191
4,517
78,157
1,246
93,897
(32,870)
Northland
32
W E L L IN GTO N R EG I ON FREE KINDERGARTEN ASSOCIATION INCORPORATED
Notes to the Financial Statements for the year ended 30 June 2012 Note 22
Additional Kindergarten Information (continued)
NOTIONAL STATEMENTS OF INCOME AND EXPENSES (continued)
Expenses Support Staff
Admin
Resources & Activities
Total Expenses
Notional Surplus/ (Deficit)
$
$
$
$
$
$
$
6,684
7,170
4,783
17,368
3,924
39,929
(12,105)
Owhiro Bay
0
13,183
6,153
3,464
2,591
25,391
11,212
Papakowhai
3,836
6,432
0
6,316
4,684
3,509
4,331
22,792
(1,294)
9,575
20,995
1,155
38,041
(11,836)
Paraparaumu
2,821
7,270
4,852
1,425
722
17,090
2,815
Paremata
7,886
6,285
6,559
43,053
5,763
69,546
(28,350)
0
9,463
5,964
6,237
1,426
23,090
2,562
450
5,938
4,722
21,144
3,201
35,455
(15,362)
0
8,718
7,479
15,682
5,702
37,581
(6,753)
2,498
6,806
7,052
16,518
3,287
36,161
(3,689)
Plimmerton
52
7,701
8,005
18,929
1,770
36,457
(642)
Pukerua Bay
Kindergarten Otaki
Paparangi
Parsons Ave Petone Petone Beach Piko Piko Clyde Quay
Equipment Repairs & & Capital Maintenance Purchases
850
7,740
8,358
935
1,661
19,544
(2,400)
Pukerua Bay Preschool
0
4,839
3,924
3,134
1,160
13,057
672
Raumati Beach
0
9,424
3,922
5,247
2,116
20,709
(1,764)
Raumati South
5,338
10,305
5,835
15,850
4,598
41,926
(15,729)
707
6,544
7,074
1,399
8,566
24,290
7,168
Strathmore Park
0
7,790
5,014
13,029
2,296
28,129
(9,143)
Sunshine
0
6,675
4,800
2,825
4,942
19,242
1,278
Tai Tamariki
0
11,812
3,050
3,127
829
18,818
1,554
Tairangi
0
6,516
4,526
8,572
3,538
23,152
1,362
Taitoko
5,645
24,699
4,846
8,446
3,940
47,576
6,912
0
9,983
8,000
9,591
6,585
34,159
(7,363)
Titahi Bay
1,639
8,750
12,125
14,921
8,639
46,074
(21,153)
Toru Fetu
68
31,087
5,108
6,210
6,476
48,949
27,516
0
4,341
3,905
2,671
1,575
12,492
4,392
Wadestown
3,836
7,485
4,687
10,913
1,840
28,761
(9,098)
Waikanae
1,525
9,372
8,424
11,544
3,777
34,642
(2,339)
18,665
8,821
9,793
5,559
4,057
46,895
(4,906)
0
6,444
4,525
5,122
1,263
17,354
4,146
118,844
522,366
371,913
745,869
199,704
1,958,696
(168,922)
Seatoun
Tawa Central
Tui Park
Waitangirua Wellington South Total
33
W E L L IN GTO N K I N D E RG A RT E N S | A N N UA L R E P O RT 2012
Audit Report
PLACEHOLDER FOR AUDIT REPORT
34
Audit Report continued
PLACEHOLDER FOR AUDIT REPORT
211 Main Road, Tawa | PO Box 51143, Tawa T (04) 232 3069 | F (04) 232 3096 | E info@wn-kindergarten.org.nz
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