Annual Report and Financial Statements 2012

Criteria for Curriculum Implementation

FOR THE YEAR ENDED 30 JUNE 2012

ANNUALREPORT

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 worth”.

(Donaldson, Grieve & Pratt, 1983)

Board Report 4

Our Board 5

Year in Review 6

Snapshot 8

Kindergarten Locations 10

Community Services 11

Grant Funding 12

Financial Statements 13

contentsAnnual Report 2012

3WELLINGTON KINDERGARTENS | ANNUAL REPORT 2012

Board ReportTēnā 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

REPORTFINANCIAL YEAR END 2012

4

Claire Brown

Victoria Esson

Lisa Lemaire

Sarah Gallagher

Carole Olmedo

John Morrison

Anna Scott

Michelle Wanwimolruk

Amanda CoulstonGeneral ManagerWellington Region Free Kindergarten Association

Jane HorraxAnne Masterton

OUR BOARDFINANCIAL 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

IN REVIEWFINANCIAL YEAR END 2012

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 three-and 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.

6

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.

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.

Surplus/(Deficit)Cash

WRFKA Surplus/(Deficit) and Cash ($000s)3,2503,0002,7502,5002,2502,0001,7501,5001,2501,000

750500250

0(250)(500)(750)

30 June 2010Actual

30 June 2011Actual

30 June 2012Actual

30 June 2013Budget


›› 5 FULL DAY›› 50 SCHOOL DAY›› 7 MORNING/AFTERNOON

›› 62 ADMINISTRATORS›› 19 TEACHER AIDES›› 6 LANGUAGE AND CULTURE SPECIALISTS

›› 100% ARE QUALIFIED AND REGISTERED

›› 35 ACHIEVED HIGHER QUALIFICATIONS

›› 161 PARTICIPATING IN CHILDREN’S LEARNING RESEARCH PROJECTS

ARE EMPLOYEDTEACHERSAT OUR KINDERGARTENS

440

SERVICES›› 62 KINDERGARTENS›› 6 PLAYGROUPS›› 1 HOME-BASED SERVICE ›› 1 HOLIDAY PROGRAMME

CHILDREN HAVE ATTENDED OUR 62 KINDERGARTENS OVER THE PAST YEAR

9,750

4,220attend kindergarten at aNY ONE TIME›› 2,335 NZ EUROPEAN/PA

-KEHA

-

›› 713 MA-ORI

›› 424 PASIFIKA›› 402 ASIAN›› 202 EUROPEAN

›› 46 OTHER/NOT STATED›› 43 MIDDLE EASTERN›› 41 AFRICAN›› 14 LATIN AMERICAN

MODELSKINDERGARTEN

87

3

SUPPORT staff

70

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.

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.

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.

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 EASTEUROPE

LATIN AMERICA

PASIFIKAAFRICA

ASIA

New Zealand

9% of children at our kindergartensare infants and 2-year-olds

8 kindergartens enrol infant toschool age children

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.

SNAPSHOTFINANCIAL YEAR END 2012

8

›› 5 FULL DAY›› 50 SCHOOL DAY›› 7 MORNING/AFTERNOON

›› 62 ADMINISTRATORS›› 19 TEACHER AIDES›› 6 LANGUAGE AND CULTURE SPECIALISTS

›› 100% ARE QUALIFIED AND REGISTERED

›› 35 ACHIEVED HIGHER QUALIFICATIONS

›› 161 PARTICIPATING IN CHILDREN’S LEARNING RESEARCH PROJECTS

ARE EMPLOYEDTEACHERSAT OUR KINDERGARTENS

440

SERVICES›› 62 KINDERGARTENS›› 6 PLAYGROUPS›› 1 HOME-BASED SERVICE ›› 1 HOLIDAY PROGRAMME

CHILDREN HAVE ATTENDED OUR 62 KINDERGARTENS OVER THE PAST YEAR

9,750

4,220attend kindergarten at aNY ONE TIME›› 2,335 NZ EUROPEAN/PA

-KEHA

-

›› 713 MA-ORI

›› 424 PASIFIKA›› 402 ASIAN›› 202 EUROPEAN

›› 46 OTHER/NOT STATED›› 43 MIDDLE EASTERN›› 41 AFRICAN›› 14 LATIN AMERICAN

MODELSKINDERGARTEN

87

3

SUPPORT staff

70

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.

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.

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.

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 EASTEUROPE

LATIN AMERICA

PASIFIKAAFRICA

ASIA

New Zealand

9% of children at our kindergartensare infants and 2-year-olds

8 kindergartens enrol infant toschool age children

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.


Our KindergartensAdventure Kindergarten 18 Longitude Place, Whitby, Porirua, 5024Ascot Park Kindergarten 175 Conclusion Street, Ascot Park, Porirua, 5024Bellevue Kindergarten 50 Link Road, Newlands, Wellington, 6037Berhampore Kindergarten 3-5 Stanley Street, Berhampore, Wellington, 6023Betty Montford Kindergarten 46 York Street, Levin, 5510Brian Webb Kindergarten 28 Victory Crescent, Tawa, Wellington, 5028Brooklyn Kindergarten 62 Todman Street, Brooklyn, Wellington, 6021Cambridge Street Kindergarten 76a Cambridge Street, Levin, 5510Campbell Kindergarten 25 Campbell Street, Karori, Wellington, 6012Churton Park Kindergarten 86 Churton Drive, Churton Park, Wellington, 6037Discovery Kindergarten 3 Pullen Lane, Whitby, Porirua, 5024East Harbour Kindergarten 99 Muritai Road, Eastbourne, Lower Hutt, 5013Hataitai Kindergarten 8 Taurima Street, Hataitai, Wellington, 6021Island Bay Kindergarten 100 Melbourne Road, Island Bay, Wellington, 6023Johnsonville Full Day Kindergarten 6 Wanaka Street, Johnsonville, Wellington, 6037Johnsonville West Kindergarten 34a Kipling Street, Johnsonville, Wellington, 6037Karori Kindergarten 155 Campbell Street, Karori, Wellington, 6012Katoa Kindergarten 52 Takapuwahia Drive, Takapuwahia, Porirua, 5022Khandallah Kindergarten 24 Everest Street, Khandallah, Wellington, 6035Lyall Bay Kindergarten 89 Apu Crescent, Lyall Bay, Wellington, 6022Maraeroa Kindergarten 36 Astrolabe Street, Cannons Creek, Porirua, 5024Matairangi Community Kindergarten 112-114 Waipapa Road, Hataitai, Wellington, 6021Miramar Central Kindergarten 32 Para Street, Miramar, Wellington, 6022Miramar North Kindergarten 11 Whanganui Street, Miramar, Wellington, 6022Moira Gallagher Kindergarten 24 Hampshire Street, Cannons Creek, Porirua, 5024Mungavin Kindergarten 19 Awatea Street, Ranui Heights, Porirua, 5024Newlands Kindergarten 13 Horokiwi Road West, Newlands, Wellington, 6037Newtown Kindergarten 9 Hospital Road, Newtown, Wellington, 6021Ngahina Kindergarten Ngahina Street, Paraparaumu, 5032Ngaio Kindergarten 65 Ottawa Road, Ngaio, Wellington, 6035Northland Kindergarten 22 Albemarle Road, Northland, Wellington, 6012Nuanua Kindergarten 5a Warspite Avenue, Cannons Creek, Porirua, 5024Onslow Kindergarten 1a Delhi Crescent, Khandallah, Wellington, 6035Otaki Kindergarten 68 Waerenga Road, Otaki, 5512Owhiro Bay Kindergarten 96 Happy Valley Road, Owhiro Bay, Wellington, 6023Papakowhai Kindergarten 5 Yarrow Place, Papakowhai, Porirua, 5024Paparangi Kindergarten 10 Mark Avenue, Paparangi, Wellington, 6037Paraparaumu Kindergarten 27 Donovan Road, Paraparaumu Beach, 5032Paremata Kindergarten 51 Paremata Road, Paremata, Porirua, 5024Parsons Ave Kindergarten 20 Parsons Ave, Levin, 5510Petone Kindergarten 10a Tennyson Street, Petone, Lower Hutt, 5012Petone Beach Kindergarten 20 King Street, Petone, Lower Hutt, 5012Piko Piko Clyde Quay Kindergarten Cnr Elizabeth & Brougham Streets, Mount Victoria, Wellington, 6011Plimmerton Kindergarten 8a Beach Road, Plimmerton, Porirua, 5026Pukerua Bay Kindergarten 1 Wairaka Road, Pukerua Bay, 5026Pukerua Bay Preschool Kindergarten 8a Wairaka Road, Pukerua Bay, 5026Raumati Beach Kindergarten 32 Raumati Road, Raumati Beach, Raumati, 5032Raumati South Kindergarten 45 Tiromoana Road, Raumati South, Paraparaumu, 5032Seatoun Kindergarten 14 Gore Street, Seatoun, Wellington, 6022Strathmore Park Kindergarten 50a Strathmore Avenue, Strathmore Park, Wellington, 6022Sunshine Kindergarten 21a Sunshine Avenue, Karori, Wellington, 6012Tai Tamariki Kindergarten 55 Cable Street, Wellington Central, Wellington, 6011Tairangi Kindergarten 1 Omapere Street, Waitangirua, Porirua, 5024Taitoko Kindergarten 36 Kinross Street, Levin, 5510Tawa Central Kindergarten 21 Oxford Street, Tawa, Wellington, 5028Titahi Bay Kindergarten 48 Herewini Street, Titahi Bay, Porirua, 5022Toru Fetu Kindergarten 36a Astrolabe Street, Cannons Creek, Porirua, 5024Tui Park Kindergarten 12b Mexted Terrace, Tawa, Wellington, 5028Wadestown Kindergarten 45 Oban Street, Wadestown, Wellington, 6012Waikanae Kindergarten Russell Reserve Ngaio Road, Waikanae, 5036Waitangirua Kindergarten 4 Kalingo Street, Waitangirua, Porirua, 5024Wellington South Kindergarten 103 Owen Street, Newtown, Wellington, 6021

LOCATIONSWELLINGTON

1010

Our PlaygroupsBased at Katoa Kindergarten 52 Takapuwahia Drive, Takapuwahia, Porirua, 5022Based at Island Bay Kindergarten 100 Melbourne Road, Island Bay, Wellington, 6023Based at Taitoko Kindergarten 36 Kinross Street, Levin, 5510Based at Toru Fetu Kindergarten 36a Astrolabe Street, Cannons Creek, Porirua, 5024Based at Wellington South Kindergarten (2) 103 Owen Street, Newtown, Wellington, 6021

Etu Ao Homebased ServiceBased at WRFKA Head Office 211 Main Road, Tawa, Wellington, 5028

Our Kindergarten Holiday ProgrammeBased at Wellington South Kindergarten 103 Owen Street, Newtown, Wellington, 6021

Our Head OfficeWellington Region Free Kindergarten Association 211 Main Road, Tawa, Wellington, 5028

SERVICESCOMMUNITY

One of our YMen Norton Harrison in action.

Etu Ao Educator Linda Sua immersed in play.

“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.


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 45,371 Eastern and Central Community Trust 2,000The Lion Foundation 33,182 PCC Community Development Fund 1,964Mana Community Grants Foundation 31,006 The Wellington Methodist Charitable 1,500Pub Charity 20,043 and Educational Endowments TrustInfinity Foundation 19,000 St Johns Trust 1,200Macarthy Trust 15,500 The Department of Corrections 1,000Pelorus Trust 14,900 Four Winds Foundation 1,000New Zealand Community Trust 14,700 Helen Grant Charitable Trust 800Hutt Mana Charitable Trust 7,860 IBM New Zealand Limited 750Nikau Foundation 5,000 New World Eastern Suburbs 700Eleanor May Pharazyn Charitable Trust 3,000 John Ilott Charitable Trust 550Frances Henrietta Muter Charitable Trust 3,000 Wellington City Council 500Kapiti Coast District Council 3,000 Fonterra Co-operative Group Limited 465Endeavour Community Trust 2,150 The Johnsonville Club 400Wellington Children’s Foundation 2,072 Majorie Galvin Art Fund 300

FUNDINGGRANT

12

WELLINGTON REGION FREE KINDERGARTEN ASSOCIATION INCORPORATED

Statement of Comprehensive Income for the year ended 30 June 2012

Note

Year ended30 June 2012

$000


$000

IncomeMinistry of Education Funding 2 24,522 24,840Fee Income 816 767Donations 586 81Fundraising 543 476Grants 259 253Other Income 3 487 360Total Income 27,213 26,777

ExpensesEmployee Benefits 4 22,961 21,846Kindergarten Operating 5 2,173 2,277Head Office Operating 6 730 667Homebased Operating 121 0Depreciation and Amortisation 938 905Property 539 565Total Expenses 27,462 26,260

Surplus/(Deficit) for the Year (249) 517

Other Comprehensive Income 0 0

Total Comprehensive Income (249) 517

Statement of Changes in Equity for the year ended 30 June 2012


$000


$000

Opening Equity at 1 July 18,073 17,556Total Comprehensive Income (249) 517

Closing Equity at 30 June 17,824 18,073

The accompanying accounting policies and notes form an integral part of these financial statements

statementsFINANCIAL



Statement of Financial Positionas at 30 June 2012

Note

As at30 June 2012

$000

As at30 June 2011

$000

Current Assets

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

Non-Current Assets

Intangible Assets 10 20 33

Property, Plant and Equipment 11 17,682 17,839

Work in Progress 96 140

Total Non-Current Assets 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

Income in Advance 36 19

Other Liabilities 15 28 28

Total Current Liabilities 920 1,217

Total Liabilities 920 1,217

Net Assets 17,824 18,073

Equity

Retained Earnings 7,854 8,103

Revaluation Reserves 9,970 9,970

Total Equity 17,824 18,073

Signed as approved on behalf of the Board of the Wellington Region Free Kindergarten Association

Carole OlmedoChairperson28 August 2012

Amanda CoulstonGeneral Manager28 August 2012


14


Statement of Cash Flowfor the year ended 30 June 2012

Note


$000


$000

Cash Flow From Operating Activities

Ministry of Education Funding 25,054 24,833

Other Income 2,528 1,766

Interest Income 163 171

Employee Benefits (23,210) (21,418)

Supplier Payments (3,626) (3,702)

Net Cash Flow From Operating Activities 20 (a) 909 1,650

Cash Flow From Investing Activities

Payment for Property, Plant and Equipment (724) (1,789)

Net Cash Flow From Investing Activities (724) (1,789)

Cash Flow From Financing Activities

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)

Cash and Cash Equivalents at the End of the Year 8 458 273




Notes to the Financial Statementsfor the year ended 30 June 2012

Note 1 Summary of Accounting Policies

REPORTING ENTITYThe 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 COMPLIANCEThe 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 PREPARATIONThe financial statements have been prepared on the basis of historical cost, except for the revaluation of certain non-current 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 POLICIESThe following accounting policies have been adopted in the preparation and presentation of the financial statements:

(a) IncomeIncome 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 EquivalentsCash and cash equivalents comprise cash on hand, in bank accounts and investments in money market instruments.

(c) Financial AssetsFinancial 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.

16

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 AssetsFinancial 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 AssetsIntangible 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 EquipmentProperty, 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 2% to 8%

Motor Vehicles 22%

Office Equipment 8% to 20%

Computer Equipment 36%

Play Equipment 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.






Note 1 Summary of Accounting Policies (continued)

SIGNIFICANT ACCOUNTING POLICIES (continued)

(g) Impairment of Intangible Assets and Property, Plant and EquipmentIntangible 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 LiabilitiesFinancial 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 EntitlementsProvision 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 TaxWRFKA 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 PolicyThere have been no changes in accounting policy since the prior period.

(m) Adoption of New and Revised Standards and InterpretationsAt 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.

18




$000


$000

Note 2 Ministry of Education Funding

Kindergarten Bulk Funding 24,012 24,290Equity Funding 239 246Homebased Funding 155 0Engaging Priority Families Funding 80 0Playgroup Funding 36 3Teacher Registration Support Funding 0 301

24,522 24,840

Note 3 Other Income

Interest on Cash and Cash Equivalents 163 171Other Income 324 189

487 360

Note 4 Employee Benefits

Employee Salaries 22,400 21,247KiwiSaver and GSF Employer Contributions 276 239ACC Levies 193 220Movement in Employee Leave Liabilities (15) (26)Other Employee Expenses 107 166

22,961 21,846

Employee benefit expenses include compensation of key management personnel as follows:

Employee Salaries and other Short-term Employee Benefits 585 545585 545

Key management personnel are members of the Senior Management Team, which includes the General Manager.

Note 5 Kindergarten Operating

Cleaning and Waste 556 533Resources and Equipment 386 455Rent and Utilities 386 426Children’s Activities 249 332Kindergarten Administration 236 290Fundraising Expenses 162 139Insurance 176 75Other Kindergarten Operating Expenses 22 27

2,173 2,277




Note


$000


$000

Note 6 Head Office Operating

Office Administration 223 157Professional Development 121 145Financial and Legal 129 94Strategy and Relationships 95 99Information Technology 64 67Marketing and Communication 50 62Board Remuneration 21 24Auditor Remuneration 7 16 17Other Head Office Operating Expenses 11 2

730 667

Note 7 Auditor Remuneration

Audit of the Financial Statements 16 1716 17

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 458 273458 273

Represented By:WRFKA Head Office Fund Balance (755) (1,111)Ringfenced Kindergarten Fund Balances 20 (b) 1,213 1,384

458 273

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 105 75GST Receivable 100 133Trade and Other Receivables 42 41

247 249

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.

20



As at30 June 2012

$000

As at30 June 2011

$000

Note 10 Intangible Assets

At CostBalance at 1 July 167 161Additions 0 6Balance at 30 June 167 167

Accumulated AmortisationBalance at 1 July 134 121Amortisation Expense 13 13Balance at 30 June 147 134

Net Book ValueBalance at 1 July 33 40Balance at 30 June 20 33

Intangible assets mainly comprise software licences for the organisation’s child management system.

Note 11 Property, Plant and Equipment

Land Buildings& Fitouts

MotorVehicles

OfficeEquipment

ComputerEquipment

PlayEquipment

Total

As at 30 June 2012 $000 $000 $000 $000 $000 $000 $000

At Cost or ValuationBalance at 1 July 2011 4,029 15,451 154 389 771 552 21,346Additions 0 596 0 33 65 74 768Disposals 0 0 0 0 0 0 0Balance at 30 June 2012 4,029 16,047 154 422 836 626 22,114

Accumulated DepreciationBalance at 1 July 2011 2,213 114 215 634 331 3,507Depreciation Expense 678 25 51 95 76 925Recovered on Disposals 0 0 0 0 0 0Balance at 30 June 2012 2,891 139 266 729 407 4,432

Net Book ValueBalance 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


As at30 June 2012

$000

As at30 June 2011

$000

Note 12 Trade and Other Payables

Trade Payables 175 210Accrued Expenses 160 159Other Payables 1 7

336 376

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 292 526Sick Leave Entitlements 102 111Annual Leave Entitlements 78 84

472 721

All employee entitlements are current.



Note 11 Property, Plant and Equipment (continued)

Land Buildings& Fitouts

MotorVehicles

OfficeEquipment

ComputerEquipment

PlayEquipment

Total

As at 30 June 2011 $000 $000 $000 $000 $000 $000 $000

At Cost or ValuationBalance at 1 July 2010 4,029 14,027 153 332 682 438 19,661Additions 0 1,424 1 57 91 114 1,687Disposals 0 0 0 0 (2) 0 (2)Balance at 30 June 2011 4,029 15,451 154 389 771 552 21,346

Accumulated DepreciationBalance at 1 July 2010 1,586 81 163 519 267 2,616Depreciation Expense 627 33 52 116 64 892Recovered on Disposals 0 0 0 (1) 0 (1)Balance at 30 June 2011 2,213 114 215 634 331 3,507

Net Book ValueBalance at 1 July 2010 4,029 12,441 72 169 163 171 17,045Balance at 30 June 2011 4,029 13,238 40 174 137 221 17,839

22



As at30 June 2012

$000

As at30 June 2011

$000

Note 14 Grant Liabilities

Unspent Grant Income 48 7348 73

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 2828 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).


$000


$000

Note 17 Operating Leases

(a) Leasing ArrangementsOperating 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 PaymentsOperating Lease Rental Payments 173 173

173 173

(c) Non-Cancellable Operating Lease PaymentsThe future aggregate minimum lease payments to be made under non-cancellable operating lease payments are as follows:

Not Longer Than 1 Year 138 98Longer Than 1 Year and Not Longer Than 5 Years 220 210Longer Than 5 Years 277 321

635 629




Note 18 Related Party Transactions

There were no related party transactions in the year ended 30 June 2012 (30 June 2011: $Nil).


$000


$000

Note 19 Financial Instruments

Loans and ReceivablesCash and Cash Equivalents 458 273Trade and Other Receivables 247 249Accrued Ministry of Education Funding 241 756

Financial Liabilities Measured at Amortised CostTrade and Other Payables 336 376

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 ManagementWRFKA manages its risk to foreign exchange rates by not entering into significant foreign currency transactions in the normal course of business.

24



(d) Liquidity Risk ManagementWRFKA 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 AmountThe carrying amount of financial assets and financial liabilities recorded in the financial statements approximates their fair value.

(f) Capital ManagementWRFKA’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.


$000


$000

Note 20 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

(Increase)/Decrease in Current AssetsTrade and Other Receivables 2 (43)Accrued Income and Prepayments 515 (26)

Increase/(Decrease) in Current LiabilitiesTrade and Other Payables (40) (96)Employee Entitlements (249) 428Grant Liabilities (25) (34)Income in Advance 17 (1)

Adjustment for Non Cash ItemsDepreciation and Amortisation 938 905

Net Cash Flow from Operating Activities 909 1,650




Note 20 Additional Cash Flow Statement Information (continued)

(b) Restrictions on Cash and Cash EquivalentsCash 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

KindergartenFunds

$

GrantFunds

$

EquityFunds

$

TotalFunds

$

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

Betty Montford 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

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

26



Kindergarten

KindergartenFunds

$

GrantFunds

$

EquityFunds

$

TotalFunds

$Ngahina 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

Paraparaumu 3,919 0 0 3,919

Paremata 18,131 0 0 18,131

Parsons Ave 17,651 1,975 7,012 26,638

Petone 15,554 0 0 15,554

Petone Beach 4,972 0 0 4,972

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

Pukerua Bay Preschool 15,594 0 0 15,594

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

Tui Park 15,298 0 0 15,298

Wadestown 3,002 3 0 3,005

Waikanae 10,198 2,866 0 13,064

Waitangirua 961 0 8,823 9,784

Wellington South 1,058 0 3,294 4,352

Total Ringfenced Funds 902,392 45,631 265,275 1,213,298




Note 21 Segment Reporting

The primary function of WRFKA is the provision of Early Childhood Education services. It does not operate inany 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.

28



Note 22 Additional Kindergarten Information (continued)

NOTIONAL STATEMENTS OF INCOME AND EXPENSES

IncomeWRFKA

OperatingSubsidies

EquityFunding

NetFundraising

Grants Donations OtherIncome

TotalIncome

Kindergarten $ $ $ $ $ $ $

Adventure 13,010 0 13,212 25,759 869 671 53,521Ascot Park 13,010 8,819 677 500 200 285 23,491Bellevue 13,010 0 6,568 7,425 293 1,108 28,404Berhampore 13,010 0 4,597 0 39 44 17,690Betty Montford 12,960 5,742 5,210 500 766 189 25,367Brian Webb 13,010 0 9,512 2,361 583 690 26,156Brooklyn 13,010 0 9,480 2,730 1,372 3,637 30,229Cambridge Street 12,960 10,187 0 0 0 0 23,147Campbell 12,530 0 3,869 1,100 99 1,979 19,577Churton Park 13,010 0 10,025 15,400 4,345 1,913 44,693Discovery 13,010 0 7,777 3,300 130 767 24,984East Harbour 13,010 0 9,014 500 20 1,357 23,901Hataitai 13,010 0 6,351 4,200 647 5,046 29,254Island Bay 22,850 0 15,527 3,000 10 1,298 42,685Johnsonville Full Day 22,850 0 2,335 6,800 40 357 32,382Johnsonville West 13,010 0 6,458 13,870 698 764 34,800Karori 13,010 0 2,940 500 930 1,222 18,602Katoa 13,010 16,691 2,875 3,500 0 206 36,282Khandallah 13,010 0 4,952 0 549 444 18,955Lyall Bay 13,010 0 7,263 2,700 571 759 24,303Maraeroa 13,060 19,982 0 3,000 0 24 36,066Matairangi 12,480 0 6,957 1,700 630 145 21,912Miramar Central 13,010 0 4,003 1,700 827 544 20,084Miramar North 13,010 0 5,832 1,200 390 2,491 22,923Moira Gallagher 13,010 22,690 (563) 2,973 0 92 38,202Mungavin 13,010 18,396 3,345 0 20 681 35,452Newlands 13,010 0 12,517 8,500 531 105 34,663Newtown 13,010 0 3,840 500 50 922 18,322Ngahina 12,960 0 3,615 2,000 159 1,582 20,316Ngaio 13,010 0 8,015 500 6,420 692 28,637Northland 13,010 0 4,795 4,000 410 2,116 24,331Nuanua 12,960 8,354 533 2,500 0 104 24,451Onslow 13,010 0 25,268 20,500 936 1,313 61,027





NOTIONAL STATEMENTS OF INCOME AND EXPENSES (continued)

IncomeWRFKA

OperatingSubsidies

EquityFunding

NetFundraising

Grants Donations OtherIncome

TotalIncome


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

Pukerua Bay Preschool 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

Total 844,250 238,624 378,645 233,474 38,041 56,740 1,789,774

30



ExpensesSupport

StaffAdmin Resources

& ActivitiesEquipment& Capital

Purchases

Repairs &Maintenance

TotalExpenses

NotionalSurplus/(Deficit)

Kindergarten $ $ $ $ $ $ $Adventure 127 5,794 5,585 31,460 5,577 48,543 4,978Ascot Park 0 7,034 5,535 7,423 2,534 22,526 965Bellevue 0 6,921 5,030 13,833 4,305 30,089 (1,685)Berhampore 2,073 7,769 4,437 15,757 3,190 33,226 (15,536)Betty Montford 8,091 6,401 6,477 7,016 2,899 30,884 (5,517)Brian Webb 0 7,958 4,975 5,367 4,758 23,058 3,098Brooklyn 0 5,756 5,461 15,919 2,604 29,740 489Cambridge Street 2,617 5,762 4,625 7,284 1,602 21,890 1,257Campbell 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 5,307Discovery 1,511 8,444 7,201 6,315 3,623 27,094 (2,110)East Harbour 197 5,844 7,781 43,682 2,819 60,323 (36,422)Hataitai 5,766 6,092 4,368 2,956 1,652 20,834 8,420Island Bay 0 11,780 7,141 43,776 2,811 65,508 (22,823)Johnsonville Full Day 30 15,596 7,671 5,921 2,652 31,870 512Johnsonville 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 773Katoa 186 13,894 9,872 9,729 2,257 35,938 344Khandallah 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 1,895Maraeroa 5,484 11,617 11,791 4,803 3,537 37,232 (1,166)Matairangi 0 8,238 3,173 6,580 1,152 19,143 2,769Miramar Central 891 6,580 6,520 7,631 3,588 25,210 (5,126)Miramar North 3,061 8,345 7,070 5,199 3,640 27,315 (4,392)Moira Gallagher 118 7,710 9,558 2,990 2,598 22,974 15,228Mungavin 2,006 6,659 7,854 4,476 3,906 24,901 10,551Newlands 1,468 5,760 5,320 9,977 4,524 27,049 7,614Newtown 0 5,669 3,827 8,099 4,924 22,519 (4,197)Ngahina 73 6,443 3,649 3,282 3,065 16,512 3,804Ngaio 870 7,958 6,552 1,558 5,921 22,859 5,778Northland 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)





NOTIONAL STATEMENTS OF INCOME AND EXPENSES (continued)

ExpensesSupport

StaffAdmin Resources

& ActivitiesEquipment& Capital

Purchases

Repairs &Maintenance

TotalExpenses

NotionalSurplus/(Deficit)


Otaki 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 4,684 3,509 4,331 22,792 (1,294)

Paparangi 0 6,316 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)

Parsons Ave 0 9,463 5,964 6,237 1,426 23,090 2,562

Petone 450 5,938 4,722 21,144 3,201 35,455 (15,362)

Petone Beach 0 8,718 7,479 15,682 5,702 37,581 (6,753)

Piko Piko Clyde Quay 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 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)

Seatoun 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

Tawa Central 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

Tui Park 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)

Waitangirua 18,665 8,821 9,793 5,559 4,057 46,895 (4,906)

Wellington South 0 6,444 4,525 5,122 1,263 17,354 4,146

Total 118,844 522,366 371,913 745,869 199,704 1,958,696 (168,922)

32

PLACEHOLDER FOR AUDIT REPORT

Audit Report


PLACEHOLDER FOR AUDIT REPORT

Audit Report continued

34

211 Main Road, Tawa | PO Box 51143, Tawa

T (04) 232 3069 | F (04) 232 3096 | E [email protected]

wn-kindergarten.org.nz

Annual Report and Financial Statements 2012

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Transcript of Annual Report and Financial Statements 2012