annual general meeting 25 may 2011 - investigator college

Annual Reportfor the 2010 College Year

Annual General Meeting25 May 2011

Investigator College

Annual Report 2010 College Year

The Investigator College community congratulate the Class of 2010 on their successful transition into a range of pathways...

Investigator College celebrated the success of our Year 12 students as they moved to different vocational, learning and work pathways in 2010.“God, who began a good work in you, will carry it on to completion until the day of Christ Jesus.”

Philippians 1:6 (NIV)“God, who began a good work in you, will carry it on to completion until the day of Christ Jesus.”

Nathan Adams Bachelor of Health Sciences (Principles of Physiotherapy) / Master of Physiotherapy, Flinders UniversityIsabelle BarkerEquestrian industry Harry Barker Gale Bachelor of Media Studies (Creative Arts), Flinders University (deferred)Haydn Barns Bachelor of Physiotherapy,University of South Australia (deferred)Thomas ButterfieldAustralian Army Jake ConnorDairy FarmingAshlee Cousins Bachelor of Commerce / Bachelor of Applied Finance, University of South AustraliaJacob EdenBachelor of Applied Science (Human Movement and Health Studies), University of South Australia(deferred)Ethan Ellis Bachelor of Engineering (Petroleum), University of AdelaideSarah FechnerCertificate III in Music (Voice), TAFEBart GardnerBachelor of Engineering (Mining),University of AdelaideSarah GeorgeGap Year (travel)Laura Giggins‘Year in the Son’, Tabor College, Adelaide Nicholas Hayles Bachelor of International Studies, Flinders University (deferred)Terri HermonPhotography Course, TAFE Taylor HorwoodBachelor of Journalism / Bachelor of Arts (International Studies), University of South Australia (deferred)Laura JonesCertificate III in Business Administration (Medical), TAFE

Lydia KairlBachelor of Engineering (Architectural),University of AdelaideCody KingBachelor of Health Sciences (Principles of Physiotherapy) / Master of Physiotherapy, Flinders University Heather KingPlanning to join SA Police Force Toni McElwaineCertificate III in Police Studies, TAFEChloe MetcalfeBachelor of Journalism / Bachelor of Arts (Writing and Creative Communication), University of South AustraliaKate NottleBachelor of Science (Animal Science), University of Adelaide Andrew PacittiConstruction industry Emily Pearce-Small Gap Year Rebecca PynorBachelor of Entertainment (Popular Music & Performance), JMC Academy, BrisbaneApril Rivers-Kennedy Bachelor of Science (Biotechnology), University of AdelaideTimothy Rogers Hospitality industryMary RobsonBachelor of Applied Science (Occupational Therapy), University of South AustraliaCandice RollinsMission trip to Africa with Watoto 360 MinistriesShane RypersBachelor of Interactive Entertainment (Major in Game Design), Qantm College, BrisbaneKelsey Sandercock Apprenticeship in hairdressingTaylor Simpson Enrolled NursingTiarne Smith Bachelor of Nursing, Flinders University Mathew Telford Certificate II in Information Technology, TAFEMax Thomas Bachelor of Applied Science (Human Movement and Health Studies), University of South Australia

Supportive

Caring

PartnershipsPartnerships


CHAPLAINCY Investigator College has established best practice management in the area of Pastoral Care, which includes the ongoing incorporation of Christian values and guidance in each facet of daily life. Throughout 2010 the College enjoyed the benefits of a range of Christian-based pastoral programs developed in conjunction with local churches and support groups. In particular, the critical input of our two on-site Chaplains – Adam Low (Goolwa) and Suz Turner (Victor Harbor) in offering additional support to members of the College community was significant in 2010.

4.5 Maintain a learning environment that is dynamic, responsive, and capable of serving the needs of the College community.Well coordinated communication and consultation, teamed with a dynamic leadership and management structures ensured that Investigator College continued to serve the needs of the College community throughout 2010. Successful implementation of these dynamic and responsive management methods was demonstrated through the following achievements and/or practices:

STUDENT CONSULTATION AND LEADERSHIP All students at Investigator College are encouraged to participate in student consultation and/or leadership roles incorporating, but not limited to, the following areas: worship, team & individual sports, House Leadership, community programs and Student Representative Council.

Throughout 2010 the College continued to encourage students to ‘own’ their actions and destiny; responding to the input of others to ensure that the needs of the student body are serviced. Student initiatives included: SRC- fundraising for Uganda HOPE School and Cebu, Easter Chapel, Peer Support/Buddy Programs, STEP Program, International Sports Competition.

MANAGEMENT CONSULTATION AND LEADERSHIP Through well structured Staff, Heads of School, Parents and Friends, Leadership and Board Meetings the College has systems and procedures in place, which (while ensuring comprehensive consultation where required) can deliver the fast responses required by any dynamic organisation. Through this management structure the College has delivered the following initiatives, which catered to the needs of the College community during 2010: Cross campus delivery of Senior School subjects – providing greater choice in subject selection, Currency Creek site development and related BER Grant Funding, Drought and Global Financial Crisis – support response.


Mission Statement

ChapelChapel

Annual Report for the 2010 College Year

COMMUNITY NEEDS DURING 2010 During 2010, many families within our College community continued to struggle as a result of pressures including the Global Financial Crisis and drought. Where possible, the College continued to make full use of community resources including counselling. Unfortunately the growing needs of the community have not been matched by an increase in professional services.

As such, the College continued to provide emotional support through personal programs of a proactive nature delivered by our Chaplains. The College acknowledges the wonderful work of our Chaplains in responding to this need within our College community and for establishing and maintaining good relationships and an atmosphere of wellbeing at each campus throughout 2010.


Play GroupPlay GroupPlay Group

LeadershipLeadership

ResponsiveResponsive

CommunityCommunity


The passion and skill of individual teaching staff makes a significant contribution to any successful school. However it is the cohesive way in which these individuals work together that delivers the consistent quality and professionalism displayed by the staff at Investigator College.

During 2010 we were blessed with both skilled and passionate individuals, who worked together to make extraordinary things happen. The combined qualifications of our 2010 teaching staff were:

• 3 Masters Degrees• 4 Post Graduate Degrees• 60 Bachelor Degrees• 6 Graduate Diplomas• 13 Diplomas

Expenditure and Teacher participations in Professional Learning, Training and Development In 2010 there was 100% participation by the teaching staff in professional learning. There was a range of professional learning undertaken involving the whole staff, year levels, learning areas and individual teaching staff. Professional Development targeted areas such as: professional certification requirements (First Aid, Child Protection); new developments in Curriculum and Teaching and Learning; and subject-specific training in various curriculum areas.

In 2010 in excess of $1,600 per teacher was spent on professional learning.

In addition, the College has maintained its commitment to staff training in the areas of:

• Basic First Aid for all staff• Senior First Aid for Administration

and selected teaching staff• Anaphylaxis allergy training • Epilepsy management training • OHS&W induction and training• Mandated Notification for all staff• Asthma management training

Commitment and Passion During 2010 staff worked together to deliver a number of outstanding outcomes for students and the greater College community. Their commitment and passion was noted throughout the year through their voluntary participation in the following activities: Equestrian Sports, College Musical, Debating, Music Concerts and School Holiday Camps.

Staff commitment and passion is reiterated through 2010’s staff attendance and retention rates:

• Staff Attendance 97.2%

• Staff Retention 94.2%

4.6 Be distinguished by the quality and performance of the staff as a professional team.

Mission Statement4.6 Be distinguished by the quality and performance of the stafMission Statement4.6 Be distinguished by the quality and performance of the staf


Maintaining a “low-fee” value for money approach The Board has continued to budget and manage our funding resources with due diligence and fiduciary responsibility. Our aim is always to strike a sustainable balance between demands for development and associated human resources whilst maintaining affordability, equity and access in a “one-College on three campuses” operation. We are ever mindful of the alternate choices in schooling now available in this region and we believe it is that perspective, which is essential to acknowledge as we address the business of setting a responsible fee-structure.

With your thoughtful and informed support for the Board to manage our financial responsibilities, I would like to acknowledge once again the loyalty and commitment that supports our decision-making. It is something we value and which we never take for granted.

Maintaining the Board’s operations and Performance Review mechanisms As our capacity in school governance has developed, the Board has applied a suite of Performance Review mechanisms, including an annual performance review for the CEO. This may come as a surprise to some as it certainly sets us apart from many of our competitors in terms of accountability and impartial quality control. Such measures in accountability extend to include the Board itself, as we formally evaluate our performance and outputs against our detailed Strategic Directions document and the all-important annual trading outcome.

These less glamorous tasks certainly require time and effort to implement and we may not always like what we find; none-the-less they are an essential function for school Boards to implement and thereby underpin our state and federal compliance requirements. During this past year the College was commended (in writing) for the standards established in OHS&W compliance and the working/learning environments we provide - a pleasing achievement.

Management of the Board As is my duty each year, I would again like to acknowledge the contribution to school governance given by each Board member in 2010-2011. The on-going commitment and voluntary service each has given is highly appreciated and I would like to acknowledge the generous and patient support I have enjoyed in my role as Chairman. It is important for me to highlight the excellent support from Dr Ted Sandercock who has assisted us so much not only in committee work, but also in leadership at times when I have been overseas. I am thankful also for the work of the four committees that continue to provide advice to the Board:

1. Finance Committee (chaired by Treasurer Mr Bob Plummer)

2. Policy and Governance Committee (chaired by Deputy Chair, Dr Ted Sandercock)

3. Performance Review Committee (also Chaired by Dr Ted Sandercock)

4. Executive Board – consisting of the CEO, Dr Ted Sandercock and myself as Chair.



Website: www.investigator.sa.edu.au

Appreciation To conclude this report, I would like to recognise the contribution over the past two years of the three retiring members elected by the association. Special “thanks” are due to Mrs Carolyn Streeter, Ms Lesley Jorgensen and Ms Anne Powell for a job very well done indeed and for their advice and support. And finally, I would like to thank the following individuals for their great support of this Board and the operations of the College:

• The CEO, Mr Don Grimmett and his PA, Mrs Alice Hendy – Secretary to the Board

• Teaching Staff – an inspiring team of dedicated professionals – we are fortunate!

• The parents and friends – P&F committees – two great teams – many benefits the College

• The Business Manager, Wayne Smith – thanks for all his professional advice to College

• Members of the Board – for their untiring commitment through 2010-11

• The many volunteers who support this College in a myriad of inspired roles

• Ms Maria Burt for her wonderful culinary efforts for the Board

• To all who helped us prepare for this meeting – thank you, and finally thanks to you all for coming along tonight and supporting your College Association – well done folks.

Geoff Penhall

Chairman: 17 May 2011



6. Auditor’s ReportFinancial Information6. Auditor’s ReportFinancial Information6. Auditor’s Report


7. Income & ExpenditureFinancial Information7. Income & ExpenditureFinancial Information7. Income & Expenditure

INVESTIGATOR COLLEGE INCORPORATEDINCOME & EXPENDITURE STATEMENTFor the Year Ended 31 December 2010

2010 2009Note $ $

INCOMETuition Fees 2 1,596,279 1,199,265 Government Grants 3 6,484,733 5,434,159 Other 4 547,908 404,580 TOTAL INCOME 8,628,920 7,038,004

EXPENDITURETeaching 5 5,283,041 4,688,686 Cleaning 6 176,088 169,258 Grounds 7 141,852 141,746 Maintenance 8 151,680 156,569 Administration 9 2,182,087 1,834,903 TOTAL EXPENDITURE 7,934,748 6,991,162

SCHOOL OPERATING RESULT 694,172 46,842

CAPITAL GRANTS & DONATION REVENUESCapital Development Levy 92,456 62,333 Building Fund - 50,000 Donations 456 12,966 Government Development Grant/s 3,319,961 513,188

4,107,045 685,329

INVESTIGATOR COLLEGE INCORPORATEDBALANCE SHEETAs at 31 December 2010

2010 2009Note $ $

CURRENT ASSETSCash & cash equivalents 800 800 Trade & other receivables 10 517,205 114,662 Inventories 11 - 2,491 Other current assets 12 73,307 57,198 TOTAL CURRENT ASSETS 591,312 175,151

NON-CURRENT ASSETSProperty, plant & equipment 13 11,468,513 7,917,648 TOTAL NON-CURRENT ASSETS 11,468,513 7,917,648

TOTAL ASSETS 12,059,825 8,092,799

CURRENT LIABILITIESTrade & other payables 14 588,245 817,326 Loan from TCGProvisions 15 440,646 369,619 TOTAL CURRENT LIABILITIES 1,028,891 1,186,945

NON-CURRENT LIABILITIESBorrowings 16 3,300,000 3,300,000 Provisions 17 93,106 75,071 TOTAL NON-CURRENT LIABILITIES 3,393,106 3,375,071

TOTAL LIABILITIES 4,421,997 4,562,016

NET ASSETS 7,637,828 3,530,783

EQUITY - Retained Earnings 7,637,828 3,530,783

INVESTIGATOR COLLEGE INCORPORATEDSTATEMENT OF CHANGES IN EQUITYFor the Year Ended 31 December 2010

RetainedEarnings

OPERATING RESULT AFTER CAPITAL GRANTS AND DONATIONS

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INVESTIGATOR COLLEGE INCORPORATEDSTATEMENT OF CHANGES IN EQUITYFor the Year Ended 31 December 2010

RetainedEarnings

$Balance at 1 January 2009 2,845,454

Surplus from operations after capital grants and donations 685,329

Balance at 31 December 2009 3,530,783

Surplus from operations after capital grants and donations 4,107,045

Balance at 31 December 2010 7,637,828

INVESTIGATOR COLLEGE INCORPORATEDCASH FLOW STATEMENTFor the Year Ended 31 December 2010

2010 2009Note $ $

CASH FLOWS FROM OPERATING ACTIVITIESTution Fees 1,566,724 1,215,382 Government Grants 6,484,733 5,434,159 Interest Received 23,491 12,608 Other Receipts 524,417 391,972 Payments to Suppliers and Employees (7,123,549) (6,083,780) Finance Costs (384,030) (203,584)

20(a) 1,091,786 766,757

Proceeds from TCG loan, net of Repayments (2,554,737) (225,270) Proceeds from Building Fund - 50,000 Proceeds from Borrowings, net of Repayments 2,000,000 800,000 Capital Grants and Levies 3,412,873 588,487 NET CASH PROVIDED BY FINANCING ACTIVITIES 2,858,136 1,213,217

CASH FLOWS FROM INVESTING ACTIVITIESPayments for Property, Plant & Equipment 13 (3,949,922) (1,979,974) NET CASH USED IN INVESTING ACTIVITIES (3,949,922) (1,979,974)

NET INCREASE/(DECREASE) IN CASH HELD - -

CASH AT BEGINNING OF FINANCIAL YEAR 800 800

CASH AT END OF FINANCIAL YEAR 20 800 800

NET CASH FLOWS FROM OPERATING ACTIVITIES

CASH FLOWS FROM FINANCING ACTIVITIES

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a path for lifelong learning...


GOOLWA CAMPUS 2 Glendale Grove, Goolwa SA 5214 Phone: (08) 8555 7500 Fax: (08) 8555 5733 Email: [email protected]

VICTOR HARBOR CAMPUS Bacchus Road, Victor Harbor SA 5211 Phone: (08) 8551 0900 Fax: (08) 8552 6833 Email: [email protected]

annual general meeting 25 may 2011 - investigator college

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