st anthony’s anthony's ar 2014 lr.pdf · 2020. 3. 27. · l the resignations of dr shireen...
TRANSCRIPT
ANNUAL REPORT | 2014
St Anthony’seDUCATION CENTRE
2 | St Anthony’s Annual Report 2014
Saint Anthony of Padua, O.F.M. (born Fernando Martins de Bulhões; 1195 – 13 June 1231), also known as Anthony of Lisbon, was a Portuguese Catholic priest and friar of the Franciscan Order. He was born and raised by a wealthy family in Lisbon and died in Padua, Italy.
Noted by his contemporaries for his forceful preaching and expert knowledge of scripture, he was – after Peter of Verona – the second-most-quickly canonized saint. He was proclaimed a Doctor of the Church on 16 January 1946.
He is especially invoked and venerated all over the world as the patron saint for the recovery of lost items, and is credited with many miracles involving lost people, lost things and even lost spiritual goods.
Saint Anthony of Padua
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contents
Board Charirperson’s Report ..................................................................................................................................5Donors .................................................................................................................................................................................6Board of Governors .....................................................................................................................................................7Report from the Acting Centre Director ........................................................................................................9St Anthony’s Staff ....................................................................................................................................12 - 13Franciscan Matric Project ....................................................................................................................................15Skills Training Centre..............................................................................................................................................19Report from the Financial Manager .............................................................................................................26Annual Financial Statements............................................................................................................................30
Finding th ings and lost people
CARITATE ET LABORE
ST.ANTHONY’S
4 | St Anthony’s Annual Report 2014
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board chairperson’s report
The year ending 31 December 2014 started off with the organisation facing a challenge in terms of a turnover of senior management, supervision and administrative staff. These challenges were overcome as a result of the Management and the Human Resources Sub-Committee of the Board of Governors working tirelessly to find solutions and suitable individuals to replace departing management and staff.
Financially, the year began slowly but gained momentum after the Annual General Meeting (AGM) in March. The Board set the pace to call the long overdue Skills Review to action with a mandate for it to be completed before the June 2014 Board meeting. Mr David Prinsloo, chairperson of the Board, was seconded to the position of Acting Centre Director effective 1 August 2014 with a clear mandate to evaluate the post of Centre Director and make recommendations based on his findings.
Franciscan Matric Project
The matric pass rate for November 2014 results was 82.63%. This was a good achievement and we congratulate the Principals and the entire teaching and support staff of the Franciscan Matric Project for the results and awards achieved for 2014.
Skills Training Programme
At the beginning of the year the Skills Training Programme was challenged by the sudden resignation of the Skills Training Manager, which required the Board to find an immediate and suitable replacement. On the recommendation of the HR Sub-Committee, Mr Jimmy Thosago, a Non-Executive Board Member, was seconded as Acting Skills Training Manager for a fixed period.
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In June the Skills Review Sub-Committee presented its report to the Board, which ratified its findings. The Skill Training Programme management and staff then began the immediate task of implementing the report’s recommendations.
On behalf of the Board I would like to thank the Skills Manager, Skills Supervisor, Instructors and the entire administrative and support staff of the Skills Training Centre for their commitment and contributions to the Skills Training Programme in 2014.
The Library
Our Library continues to serve St Anthony’s students and the local surrounding communities.
In June 2014 the Library Manager, Mr Denis Esau, retired after a long service history with St Anthony’s. Mr Esau served as both Library Manager and Executive Board Member, and on behalf of the Board we thank him for serving the needs of the Centre for so long, and wish him well for the future.
Administration
Throughout 2014 St Anthony’s continued to comply with good corporate governance and once again received an unqualified audit from our external auditors. On behalf of the Board we congratulate the Financial Manager and staff on this achievement.
Donor Funding Partnerships
An assessment of the fundraising function and key outcomes of the Skills Review has resulted in this position becoming full time which will ensure the long term sustainability of the Centre.
We thank the following donors and partners for their continued and invaluable support to the success of St Anthony’s Education Centre:
AECIAnglo American Chairman’s FundBarloworld EquipmentCaterpillar FoundationCatholic Institute of Education (CIE)Consol Ltd South AfricaCopper TubingCoronation Asset ManagementCreamer MediaDr DiabDirect MailingEskom Development FoundationHire-Rite EquipmentInternational Youth FoundationMacsteel merSETAMercedes-Benz SAMisean Cara (Franciscan Missionary Union)Misereor National Lottery Distribution FundNwanda IncorporatedOppenheimer Memorial TustPH BeckenstraterPrime MeridianR WebbSolon FoundationSouth Africa PartnersStichting Porticus Sunshine FoundationThomas FoundryTrelleborg
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Board Directorship
During 2014 we bid farewell to the following Board Members:
Denis Esau Library Manager/Executive Board Member
Vanessa Pillay Centre Director/Executive Board Member
Shireen Motara Non-Executive Board Member; and
Sister Connie Khuele Non-Executive Board Member.
We thank them for their years of service and contributions to the sustainability of the Centre and wish them well for the future.
We also welcomed Mr Mokgadi Pela as a new Non-Executive Board Member in November 2014. Mr Pela brings to St Anthony’s a wealth of experience in journalism and marketing.
Closing remarks
I would like to thank the Board, Centre Director, Principals, Financial Manager, the Mancom Team and the entire staff of St Anthony’s Education Centre for their contributions, commitment and dedication to the success and achievements obtained for 2014.
Brian Mathabela
Acting Chairperson – St Anthony’s Education Centre
Board of Governors
Seated: David Prinsloo, Rose Webb, Brian Mathabela (Chairperson), Lengolo Mashaba and Patricia Blair (Secretary)Standing: Jimmy Thosago, Fr Thabo Sefoli, Fr David Barnard and Alfred CarrimAbsent: Ana De Olivera, Mokgadi Pela and Joerg Schuessler
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555 learners enrolled in various skills programmes
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report from the acting centre directorIn many respects, 2014 was a very challenging year for St Anthony’s Adult Education Centre (SAEC). The year began with the resignation of the Centre Director, Ms Vanessa Pillay, and the Skills Manager, Martin Theron. In response, the Board of Governors appointed Mr Jimmy Thosago as Skills Manager from February 2014, and seconded Mr David Prinsloo to serve as Acting Director of the Centre from August 2014.
Governance
In addition to these key management appointments, other significant governance changes included:
l the resignations of Dr Shireen Motara, Ms Vanessa Pillay and Sr Connie Khuele from the Board of Governors
l the retirement of Mr Denis Esau as Library Manager after 35 years of service to St Anthony’s. His retirement also created an additional vacancy on the Board of Governors
l the appointment of Mr Mokgadi Pela as a Non-Executive Member of the Board of Governors which will benefit greatly from his many skills and years of experience, and
l the formation of an Employment Equity Committee.
Finances and Fundraising
Despite these organisational challenges, St Anthony’s is proud that it once again achieved an unqualified audit from its external auditor.
If sound financial management is a cornerstone of a successful not-for-profit organisation such as St Anthony’s, then it could be said that fundraising is its lifeblood. Without a sufficient and on-going flow of funds, St Anthony’s cannot achieve its goals.
In 2014, the Centre’s Fund Raising Committee continued with its fundraising efforts with existing donors, as well as identifying and developing relationships with new donors.
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The reality, however, is that fundraising remains a constant challenge due to a general decline in support from international and local donors. In response, efforts are being made to secure funding from the public sector for the Skills Training Centre. Initially, the intention was that the main fundraising activity for 2014 would be an Alumni Gala Dinner in July. It was decided, however, to postpone that function and hold it in 2016 to coincide with the 50th anniversary of St Anthony’s.
Fortunately, because learners participating in the Franciscan Matric Project achieved their prescribed academic goals, the centre received the full subsidy from the Gauteng Department of Education (GDE).
Policies and Procedures
In the policy area, St Anthony’s developed a Health and Safety Policy which has been forwarded to the Board of Governors for ratification. A priority for 2015 will be the establishment of a Risk Management Sub-Committee.
Organisational Development
Staff development was a priority for 2014, with most occupational levels throughout St Anthony’s involved in development activities. Funding for this initiative was provided through the generous donation from one of our donors. Despite this progress, staff development needs still remain in many areas, particularly security and cleaning.
An organisational skills review was another major focus area in 2014. It involved many hours of work and substantial input from Executive and Non-Executive Directors, Centre Staff and other stakeholders. The Skills Manager will be driving the implementation process going forward.
Academic Performance
The 2014 key performance indicators (KPIs) related to academic performance confirm the achievements of St Anthony learners.
Enrolment
The 2014 enrolment was 709 learners in the Franciscan Matric Project (FMP) and 555 in the various skills programmes offered at St Anthony’s.
Dropouts
In 2014 the number of learners who dropped out of FMP was 32 (4.5%) The number of dropouts from skills programmes was 60 (10.8%).
Pass Rate
The 2014 pass rate for FMP learners was:
Grade 10 86%
Grade 11 95%
Grade 12 82.63%
Employment Rate
Unfortunately, the realities of the South African economy are such that finding employment is difficult for most people, and particularly so for young people with newly acquired skills/ qualifications. In that light, the employment rate in 2014 for St Anthony learners completing their skills programmes was 22%.
Franciscan Matric Project
In 2014 the Franciscan Matric Project continued to build on its past achievements. For the third consecutive year, FMP received from the Gauteng Department of Education both the Provincial Award and the District Award for the Top Performing amongst subsidised Independent School. At the Ekurhuleni South District Awards ceremony, three St Anthony learners received awards for achieving the top mark in Sesotho Home Language, Sepedi Home Language and Afrikaans Second Additional Language. St Anthony congratulates the learners on their excellent achievements.
For the third consecutive year, FMP received the GautengProvincial Award and the District Award for the Topsubsidised Independent School.
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Skills Development
In the skills development sector, St Anthony collaborated with Barloworld and the International Youth Foundation (IYF) to implement a new Pre-Apprenticeship programme in Diesel Mechanics. Another skills highlight of 2014 was the graduation ceremony for learners in the Motor Mechanics NQF-Level 2.
Conclusion
As Acting Centre Director, I want to thank the Board, the Executive Management Team and the entire staff of St Anthony’s who contributed to making 2014 another successful year. Despite the many challenges, we responded to them together with skill, perseverance and determination. Well done to everyone!
David Prinsloo
MANCOM
Jimmy Thosago, Rose Webb, Ana De Oliveira, Patricia Blair and David Prinsloo
Department of EducationProvincial Award and the District Award for the Top Performing amongst
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ADMINistrative STAFF
Francina Khumalo, May Scrimnger, Davreaux Jacobs, René Van Niekerk, Nana Lentoor, Yolanda Fray, Patricia Blair
BOARD of governors
Rose Webb, Fr Thabo Sefoli, Lengolo Mashaba, Alfred Carrim, Brian Mathabela, Fr David Barnard, Jimmy Thosago, Patricia Blair, David Prinsloo
long service awards for FMP teachers
Mrs M Knowles – 10 yearsMrs C Harland – 15 years Mr SM Mnguni – 25 years
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THE CLEANING TEAM
Sipho Mahlele, Thoko Nhlapo, Violet Mathabatha, Adelina Raleaka, Paulina Lebang, Ennie Ngwenya, Gail Muir, Mavis Nhlabathi
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three St Anthony learners were recognised for their academic excellence in Sesotho Home Language, Sepedi Home Language and Afrikaans Second Additional Language
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Franciscan Matric ProjectThe year began with the release of the 2013 matric results in January 2014. The 2013 matric class consisted of 449 learners, who achieved a pass rate of 82,63%. Once again St Anthony learners were amongst the top performers in the Ekurhuleni South District of the Gauteng Department of Education (GDE). At the district awards ceremony, three St Anthony learners were recognised for their academic excellence in Sesotho Home Language, Sepedi Home Language and Afrikaans Second Additional Language. The Franciscan Matric Project was also honoured to receive both the Provincial and District Awards for the Top Performing Subsidised Independent School. This was the third consecutive year that the GDE has acknowledged the work of St Anthony’s with these awards.
As in previous years, all learners began the year by attending a library orientation programme. The programme is run by library staff and introduces learners to the resources that are available, and on how to use them in their studies and personal lives. It includes a module on using the Centre’s internet café, which is located in the library. An important feature of the internet café is that it enables learners to complete and submit on-line applications to tertiary institutions.
FMP enrollment and number of dropouts during 2014
Grade 10 Grade 11 Grade 12 Total
Enrolled 76 179 454 709
Dropped Out 7 11 14 32
Drop Out Rate 4,5%
three St Anthony learners were recognised for their academic excellence in Sesotho Home Language, Sepedi Home Language and Afrikaans Second Additional Language
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One of the reasons St Anthony learners continue to excel academically is the remedial support they receive throughout the year. It begins early in the year with interviews that allow the teaching staff to identify those learners who require additional academic support in order to improve their results. Throughout the year many extra classes are offered during breaks and after schools. All Grade 10, 11 and 12 learners are required to attend extra Mathematics classes on Saturdays throughout the year. The mathematics teachers are to be highly commended for the extra time and effort they invest in these Saturday support sessions.
In 2014 the GDE introduced the Curriculum Assessment Policy Statement (CAPS) syllabus for all Gr 12 learners. CAPS is an adjustment to the previous curriculum, not an entirely new curriculum. It provides teachers with more detailed guidance on what to teach and how they should assess learners on a grade-by-grade and subject-by-subject basis. CAPS also reduces the administrative demand on teachers. St Anthony teachers of Gr 12 learners adapted and adjusted very well to these changes. Thanks to a very generous donation from Mercedes-Benz South Africa, St Anthony’s was able to purchase the textbooks required for CAPS. In addition, the funding enabled the Centre to provide Gr 10 and 11 learners with course on a study skills.
A highlight of 2014 was the completion of the Computer Laboratory which is used by learners from both the FMP and the Skills Programme, as well as by Centre staff. The Laboratory is a very exciting and positive addition to the Centre which will benefit learners for many years to come. Once again, Mercedes-Benz South Africa contributed a significant portion of the funding for this project.
Financing continued to be a challenge in 2014. Fortunately, as a result of the strong matric results St Anthony’s met the requirements to receive a full subsidy from the GDE. This reduced – but did not eliminate – FMP’s financial challenges.
During the course of the year the Centre continued its policy of encouraging learners to recycle and do that part to improving their learning environment. Recycling of paper and cold drink cans is now standard practice at St Anthony’s.
As always, the dedication, hard work and commitment of teachers and support staff is greatly appreciated by St Anthony’s learners, parents, Centre Management and the Board of Governors.
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FMP TEACHING STAFF
Back row: Mrs D Dliwayo, Mrs S Nicol, Miss L Labuschagne, Mrs L Nel, Mrs A Verster, Mrs I Brown, Mrs M Fourie, Mrs C Pieters, Mrs M Knowles, Mrs M Brase
Front row: Mr K Moodley, Mrs D Mothapo, Miss G Kganane, Miss RB Kaapu, Mrs R Webb, Mrs P Naidoo, Mrs L Van der Berg, Mrs C Harland, Mrs T Rabie, Mrs Y Potgieter, Mr N Masoka
Absent: Mr E Mupakati, Mr A Madinha, Mr SM Mnguni, Mrs MAR Chokoe, Mrs BN Mbokazi, Mr B Buys
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By the end of 2014, a total of 607 students had completed the programme
Graduation 2013 - 2014
Skills Training CentreIn 2012, a three-year global programme called the Equip Youth Project began at St Anthony’s. It is funded by the Caterpillar Foundation and the International Youth Foundation (IYF).
At the Centre, the programme focuses on:
l Plumbing
l Welding
l Computerised Bookkeeping
l Electrical, and
l Diesel Mechanics.
The goal of the project is to train and equip 720 young people with the knowledge and relevant skills to enable them to either find meaningful employment in the formal sector, or to use their skills to pursue sustainable self-employment. As at the end of 2014, a total of 607 students have completed the programme.
In 2013, in partnership with Barloworld Equipment a need was identified for a pre-apprenticeship skill programme in diesel mechanics. In February 2014, Mr David Prinsloo (St. Anthony Acting Centre Director), Mr Dominic Sewela (Barloworld Equipment CEO) and Mr Peter Shiras (IYF
Global Vice–President) signed a Memorandum of Understanding to establish the programme. The
new course started in March 2014.
Unfortunately, on completion of the course the learners did not qualify for the Barloworld apprenticeship programme because they did not achieve at least a 50% pass rate for N2
Maths and Engineering Sciences. In response, St Anthony’s implemented an in-house N1
bridging course for the learners who completed their training. The
course was passed by 63% of the learners, who then
enrolled in N2 courses at Benoni FET college where
they are studying Maths, Engineering Science, Technical Drawing and Motor Trade Theory.
By the end of 2014, a total of 607 students had completed the programme
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From 27–29 August 2014, South Africa hosted the IYF global meeting at the Hilton Hotel in Sandton. Eleven countries were represented and a platform created for delegates of all countries to share their experiences. The IYF assisted the Centre by sponsoring a CCTV camera and an advertising trailer. The trailer is used to advertise courses offered at the Centre and is parked at various strategic points around the community throughout the year.
During the year Mr Colin Hagans, IYF Coordinator, met with the St Anthony’s team to discuss continued IYF funding of the Equip Youth Project. The scope of the international project is being reduced from the initial 12 participating countries to six, with South Africa, represented by St Anthony’s, being shortlisted for continued participation. A final decision is expected in 2015.
Respond Housing (Ireland)
Fr. Pat Cogan, a Franciscan priest from Ireland, and Mr Paraq Joglekar, from Respond Housing, visited St Anthony’s in 2014 and identified a need to build a shelter for learners in the bricklaying programme, as they are sometimes exposed to inclement weather conditions. As a result, Respond Housing very generously agreed to sponsor a steel structure to the value of R750 000.
The initiative will get underway in 2015 and be named after Father Stan Brennan, the founder of St Anthony’s Education Centre.
Parag Joglekar and Jimmy Thosago
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Review of the Skills Training Programme
An external review of the Skills Training Programme was conducted in 2014 to investigate the viability and appropriateness of vocational skills programmes offered by the Centre. Its objective was to evaluate the curriculum, content and length of the training courses; assess their relevance in terms of industry needs; determine their capability to produce employment for students; and establish whether the Skills Training Programme can become a more sustainable venture for St Anthony’s.
The Review was conducted by Mr Rex Glanville of Decision Processes International and Dr Rodney Kuppen of 4 Chakras. A wide range of inputs from stakeholders was sought, which included Board Members, the Centre’s Management Team and Skills Staff, and CIE staff and church representatives.
The outcome of the review highlighted the need for partnerships to be formed with industry for each skill in order to ensure that courses are aligned to industry needs. The review also recommended that emphasis be placed on courses with higher enrollments, with less focus on courses with few learners. Other key recommendations included improvements in marketing and fees collection. In response, the Centre increased their marketing through local print media and radio.
Staff Development
During the year eight staff members from the Skill Centre attended and successfully completed an assessor’s course.
Ms Nelly Mbobo, assistant welding instructor, also attended a welding course in Welkom organised by the CIE.
Mercedes-Benz and merSETA Learnership
In 2012, St. Anthony’s, the Manufacturing, Engineering and Related Services Sector Education and Training Authority (merSeta) and Mercedes-Benz South Africa launched a joint initiative to offer a 3-year learnership in Motor Mechanics. Under the project St Anthony’s offer the technical skills training, Mercedes-Benz dealers offer workplace training, and merSETA is the accrediting body.
The project consists of two groups of learners which successfully completed their second year of the learnership in 2014. Unfortunately, 5 learners dropped out and only 19 now remain. Group 1 and 2 students did fundamental Unit Standards as part of their training. In April, Group 1 passed their NQF 3 and started their NQF level 4 training at Mercedes-Benz. Group 2 commenced with NQF Level 3 in April and completed it in September 2014. Group 2 also attended a wheel alignment and balancing course at Creative Wheels.
During the year, merSETA and Mercedes-Benz monitored the project and met with St Anthony’s once a month to discuss the projects successes, challenges and opportunities. The 3-year project will reach completion in 2015, when the successful learners will be qualified as automotive repair and maintenance technicians.
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SKILLS STAFF
Front row: Joylin Chinyamanya, Ashley Hendricks, Jimmy Thosago, Jerome Lessing, Thelma Pike, Pamela Jonkers. Second row : Lin Ritchie, Wallet Ngomane, Paul Francis, Garfield Adams, John Mooka, Phuti Setati, Ednie Paulsen. Third row: Peter Kelmovitz, Carmen Barnes, Br George Camacho, George Mpebe, Willy Pakhula. Back row: Calvin Sibambo, Nkele Anna Pule, Xolani Sibeko, Eddie Sibiya.
Business challenge Skills admin staff
From L/R: Joylin Chnyamanya, Leonese Smith, Pamela Jonkers
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NEXGEN ENTREPRENEURSHIP PROGRAMME
The Nexgen Entrepreneurship Programme which was introduced in 2013 continued into 2014. The course is fully integrated into the curriculum of the vocational skills training courses. Students are exposed to various career paths that they could follow after they have learnt a technical skill. The students enjoy the Business Challenge which involves raising capital, spending the money and showing a profit at the end of the challenge.
LIFE SKILLS PROGRAMME
75 hours of Life Skills is given to every student who attends a vocational training course at the Centre. The course is integrated into the training courses and is divided into two modules. Students must complete both modules. The course helps participants to better understand themselves, their rights and responsibilities and their full potential. It equips students with good social, problem-solving and communication skills to deal with a range of issues in different situations. We believe our Life Skills course is what sets our students apart. Feedback from employers is very positive, mentioning the good work ethic, politeness and a general keenness of our students to work.
CIE Welders
St Anthony’s has been working in collaboration with the Catholic Institute of Education to upskill a group of welders from vocational skills training centres within the Thabiso Skills Institute network. This is a pilot course.
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“No matter how much experience you have, how many degrees you have, or how well known you have become — there is always something new to learn. Don’t rest on your past experiences. If you do nothing to improve your skills, you won’t stay where you are.” Laura Spencer
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26 | St Anthony’s Annual Report 2014
Analysis of the Income Statement
Overall income increased by 47% to R24.7 million, compared with R16.8 million in the previous year.
The contribution from Student Fees was R7.9 million, compared with R7.3 million in 2013. Revenue sourced from donations and grants was R8.6 million, compared with R4.6 million in the previous year. Skills Training received in excess of R3 million from the International Youth Foundation in the 3rd year of the project. Grants of R891K and R1.6 million were received from merSETA and the National Lottery Distribution Fund, respectively.
The subsidy from the Gauteng Department of Education for the Franciscan Matric Project rose by 125% to R4.5 million, compared with R2 million in 2013.
Operating costs for the year increased by 16% to R21.4 million, compared with R18.5 million in the previous year. Main factors contributing to the increase included a 6% cost of living adjustment to salaries, 13th cheque payments, textbook purchases, professional fees and an increase in municipal costs.
The Franciscan Matric Project purchased textbooks required by the curriculum at a cost of R455K, compared with R93K spent on textbooks in the previous year. Certain functions had to be outsourced to companies or people with expertise in these areas, hence the sharp increase in professional fees to R328K, compared with R73K in 2013.
CategoryYear to
31 December 2014R
Year to 31 December 2013
R
Revenue 24,718,331 16,782,994
Operating Expenses 21,432,284 18,517,734
Surplus / (Deficit) 3,286,047 (1,734,740)
REPORT OF THE FINANCIAL MANAGERThe Centre realised favourable financial results for the year ended 31 December 2014, recording a surplus of R3.3 million compared with a deficit of R1.7 million in the previous year.
The reason for the turnaround can be credited to an increase in revenue, primarily from the school subsidy for the Franciscan Matric Project, donations and National Lottery Distribution Fund, and merSETA grants.
The Franciscan Matric Project purchased textbooks required by the curriculum at a cost of R455K
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These services included carrying out the Skills Review on the relevance of courses offered, the Skills Management function that was held after the Skills Manager resigned and the process of drawing up the Employment Equity plan for the Centre. Municipal charges increased by R169K to R537K as a result of the municipality issuing a credit of R220K in 2013.
Capital Expenditure
Acquisition of assets recorded for the year was R1.9 million, compared with R378K in 2013. The assets were mainly purchased with foreign donor funds from a surplus arising from the weaker South African Rand against the US Dollar. This funding enabled the addition of assets that could not have been purchased otherwise, including computers for the new computer class, upgrading of the fire control system, scaffolding, a CCTV security system and an advertising trailer. Other classes of assets procured were machinery for the Skills Workshops, furniture and fixtures, and office equipment. Funding was also secured for erecting a steel structure to house the Bricklaying Workshop.
Challenges
Although there was an improvement of 8.4% on the year-on-year self-generated income from the collection of student fees, the main sources of income continued to come from external funding.
Fundraising for operating costs is difficult as most donors place restrictions on their funds and only allow a small percentage towards running costs. Being in the education sector, personnel costs make up 70% of the Centre’s operating expense.
Department Highlights
Highlights for the 2014 financial year included:
l The auditors’ report in relation to the financial statements is unqualified
l The Accounting Office was fortunate to receive some furniture, a network scanner and an industrial shredder from a donor; and
l Donor funding for staff development allowed the staff to improve their skills in Microsoft Word and Excel.
ACKNOWLEDGEMENTS
Without the financial support of our generous donors, the Centre’s ongoing commitment to providing quality education and skills training would not be possible and we are very thankful for their support.
I would like to thank our auditors, Nwanda Incorporated Chartered Accountants (S.A.), for the professional manner in which the audits are conducted, and for their willingness to assist with expert advice whenever asked.
On behalf of everyone at the Centre, I would like to express our gratitude to our Non-Executive Board Members who give generously of their time and expertise to support the Centre. Their contribution is instrumental in ensuring the effective management of the Centre and its activities.
Ana De Oliveira
Financial Manager
28 | St Anthony’s Annual Report 2014
St Anthony’s Education Centre NPC
(Registration number 1979/000609/08)
Annual Financial Statements for the year ended 31 December 2014
General Information
Country of incorporation and domicile South Africa
Nature of business and principal activities The main object of the company is to promote, further and provide education and skills training of all persons in all fields and in the interests of the company as a whole.
Directors JN Thosago Father GM O’Reilly R Webb CD Khuele DC Prinsloo A Carrim SLL Mashaba BA Mathabela JH Shüessler MM Pela
Registered Office St Anthony’s Road Reiger Park Boksburg
Business address St Anthony’s Road Reiger Park Boksburg
Auditors Nwanda Incorporated Chartered Accountants (S.A) Registered Auditors
Company registration number 1979/000609/08
Preparer The Annual Financial Statements were internally compiled by Ana de Oliveira (Financial Manager).
This is an abridged version of the annual financial statements.
If you would like to see a full version please contact St. Anthony’s Education Centre.
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St Anthony’s Education Centre NPC
(Registration number 1979/000609/08)
Annual Financial Statements for the year ended 31 December 2014
Independent Auditor’s Report
To the board of governors of St Anthony’s Education Centre NPCWe have audited the Annual Financial Statements of St Anthony’s Education Centre NPC, which comprise the Statement of Financial Position as at 31 December 2014, and the Statement of Comprehensive Income, Statement of Changes in Equity and the Statement of Cash Flows for the year then ended, and the notes, comprising a summary of significant accounting policies and other explanatory information.
Directors’ Responsibility for the Annual Financial StatementsThe company’s directors are responsible for the preparation and fair presentation of these Annual Financial Statements in accordance with the International Financial Reporting Standards for Small and Medium-sized Entities, and requirements of the Companies Act 71 of 2008, and for such internal control as the directors determine is necessary to enable the preparation of Annual Financial Statements that are free from material misstatements, whether due to fraud or error.
Auditors’ ResponsibilityOur responsibility is to express an opinion on these Annual Financial Statements based on our audit. We conducted our audit in accordance with International Standards on Auditing. Those standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance whether the Annual Financial Statements are free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the Annual Financial Statements. The procedures selected depend on the auditors’ judgement, including the assessment of the risks of material misstatement of the Annual Financial Statements, whether due to fraud of error. In making those risk assessments, the auditor considers internal control relevant to the entity’s preparation and fair presentation of the Annual Financial Statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by management, as well as evaluating the overall presentation of the Annual Financial Statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.
OpinionIn our opinion, the Annual Financial Statements present fairly, in all material respects, the financial position of St Anthony’s Education Centre NPC as at 31 December 2014, and it’s financial performance and it’s cash flows for the year then ended in accordance with the International Financial Reporting Standard for Small and Medium-sized Entities, and the requirements of the Companies Act 71 of 2008.
Supplementary InformationWithout qualifying our opinion, we draw attention to the fact that supplementary information set out on pages 16 to 18 does not form part of the Annual Financial Statements and is presented as additional information. We have not audited this information and accordingly do not express an opinion thereon.
Other Reports required by the Companies Act
As part of our audit of the Annual Financial Statements for the year ended 31 December 2014, we have read the Director’s Report for the purpose of identifying whether there are material inconsistencies between this report and the audited Annual Financial Statements. This report is the responsibility of the respective preparer. Based on reading this report we have not identified material inconsistencies between this report and the audited Annual Financial Statements. However, we have not audited this report and accordingly do not express an opinion on this report.
Nwanda Incorporated Chartered Accountants (S.A.)Registered AuditorsPractise number: 952451
Per: RO Borrill30 January 2015
30 | St Anthony’s Annual Report 2014
St Anthony’s Education Centre NPC
(Registration number 1979/000609/08)
Annual Financial Statements for the year ended 31 December 2014
Statement of Financial Position
2014 2013 Note R R
ASSETS
Non-Current Assets
Property, plant and equipment 2 3,080,926 1,750,329
Current Assets
Trade and other receivables 3 82,250 55,503
Cash and cash equivalents 4 4,900,889 2,980,188
4,983,139 3,035,691
TOTAl ASSETS 8,064,065 4,786,020
EquITy AND lIABIlITIES
Equity
Capital Introduced 156,946 156,946
Retained Income 5,702,533 2,416,486
5,859,479 2,573,432
lIABIlITIES
Current liabilities
Trade and other payables 5 267,045 249,242
Project funding reserve 6 1,937,541 1,963,346
2,204,586 2,212,588
TOTAl EquITy AND lIABIlITIES 8,064,065 4,786,020
| 31
Statement of Changes in Equity
Capital Accumulated Total equity Introduced reserves R R R
Balance at 01 January 2013 156,946 4,151,226 4,308,172
Loss for the year - (1,734,740) (1,734,740)
Other comprehensive income - - -
Total comprehensive loss for the year - (1,734,740) (1,734,740)
Balance at 01 January 2014 156,946 2,416,486 2,573,432
Profit for the year - 3,286,047 3,286,047
Other comprehensive income - - -
Total comprehensive income for the year - 3,286,047 3,286,047
Balance at 31 December 2014 156,946 5,702,533 5,859,479
St Anthony’s Education Centre NPC
(Registration number 1979/000609/08)
Annual Financial Statements for the year ended 31 December 2014
Statement of Comprehensive Income
2014 2013 Note R R
Revenue 7 24,153,422 16,074,397
Other income 8 357,546 545,271
Operating expenses (21,432,284) (18,517,734)
Operating surplus (deficit) 9 3,078,684 (1,898,066)
Investment revenue 10 207,363 163,326
Profit (loss) for the year 3,286,047 (1,734,740)
Other comprehensive income - -
Total comprehensive income (loss) for the year 3,286,047 (1,734,740)
St Anthony’s Education Centre NPC
(Registration number 1979/000609/08)
Annual Financial Statements for the year ended 31 December 2014
32 | St Anthony’s Annual Report 2014
St Anthony’s Education Centre NPC
(Registration number 1979/000609/08)
Annual Financial Statements for the year ended 31 December 2014
Statement of Cash Flows
2014 2013
Note R R
CASH FlOWS FROM OPERATING ACTIVITIES
Cash generated from (used in) operations 13 3,637.399 (1,478,185)
Interest income 207,363 163,326
Net cash from operating services 3,844,762 (1,314,859)
CASH FlOWS FROM INVESTING ACTIVITIES
Purchase of property, plant and equipment 2 (1,905,057) (378,266)
Sale of property, plant and equipment 2 6,801 -
Net cash from investing activities (1,898,256) (378,266)
CASH FlOWS FROM FINANCING ACTIVITIES
(Decrease) Increase in project funding reserve (25,805) 297,821
Total cash movement for the year 1,920,701 (1,395,304)
Cash at the beginning of the year 2,980,188 4,375,492
Total cash at the end of the year 4 4,900,889 2,980,188
| 33
St Anthony’s Education Centre NPC
(Registration number 1979/000609/08)
Annual Financial Statements for the year ended 31 December 2014
Accounting Policies
1. Presentation of Annual Financial Statements
The Annual Financial Statements have been prepared in accordance with the International Financial Reporting Standard for Small and Medium-sized Entities, and the Companies Act 71 of 2008. The Annual Financial Statements have been prepared on the historical cost basis, and incorporate the principal accounting policies set out below. They are presented in South African Rands.
These accounting policies are consistent with the previous period.
1.1 Significant judgements and sources of estimation uncertainty
In preparing the Annual Financial Statements, management is required to make judgements, estimates and assumptions that affect the amounts represented in the Annual Financial Statements and related disclosures. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results in the future could differ from these estimates which may be material to the Annual Financial Statements.
1.2 Property, plant and equipment
Property, plant and equipment are tangible items that:
• are held for use in the production or supply of goods or services, for rental to others or for administrative purpose; and
• are expected to be used during more than one period.
Property, plant and equipment is carried at cost less accumulated depreciation and accumulated impairment losses.
Costs include costs incurred initially to acquire or construct an item of property, plant and equipment and costs incurred subsequently to add to, replace part of, or service it. If a replacement cost is recognised in the carrying amount of an item of property, plant and equipment, the carrying amount of the replaced part is derecognised.
Depreciation is provided using the straight-line method to write down the cost, less estimated residual value over the useful life of the property, plant and equipment, which is as follows:
Item Average useful life Buildings 25 years
Leasehold improvements 5 years
Machinery 3 years
Furniture and fixtures 1 year
Motor vehicles 4 years
Office equipment 3 years
Communication equipment 5 years
Fire control 15 years
Scaffolding 5 years
Security 6 years
The residual value, depreciation method and useful life of each asset are reviewed at each annual reporting period if there are indicators present that there has been a significant change from the previous estimate.
Each part of an item of property, plant and equipment with a cost that is significant in relation to the total cost of the item and that has significantly different patterns of consumption of economical benefits is depreciated separately over its useful lives.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss in the period.
Land is not depreciated and is deemed to have an infinite life.
Buildings which are erected on land owned by the Roman Catholic Church of Johannesburg and registered in the name of the Association of the South African Province of Friars Minor Limited, have been considered as assets. Due to the location in which the buildings are situated, they are deemed to have no residual value.
34 | St Anthony’s Annual Report 2014
Accounting Policies
1.3 Financial Instruments
Financial instruments at amortised cost
Financial instruments may be designated to be measured at amortised cost less any impairment using the effective interest method. These include trade and other receivables, loans and trade and other payables. At the end of each reporting period date, the carrying amounts of assets held in this category are reviewed to determine whether there is any objective evidence of impairment. If so an impairment loss is recognised.
1.4 Impairment of assets
The company assesses at each reporting date whether there is any indication that an asset may be impaired.
If there is any indication that an asset may be impaired, the recoverable amount is estimated for the individual asset. If it is not possible to estimate the recoverable amount of the individual asset, the recoverable amount of the cash-generating unit to which the asset belongs is determined.
If an impairment loss subsequently reverses, the carrying amount of the asset (or group of related assets) is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset (or group of assets) in prior years. A reversal of impairment is recognised immediately in profit or loss.
1.5 Employee benefits
Short-term employee benefits
The cost of short-term employee benefits, (those payable within 12 months after the service is rendered, such as paid vacation leave and sick leave, bonuses, and non-monetary benefits such as medical care), are recognised in the period in which the service is rendered and are not discounted.
1.6 Revenue
Student fee income is recognised when the fees are paid.
Subsidies and donations received consists of restricted and unrestricted funds.
Restricted funds are recognised in terms of the donor’s requirement for their use. The unused funds are reflected in current liabilities as “Project funding reserve”.
Unrestricted funds are recognised when received.
Interest is recognised, in profit or loss, using the effective interest rate method.
Rental income is accounted for on a straight-line basis over the term of the lease on ongoing leases.
1.7 Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and current bank accounts which are all available for use by the company unless otherwise stated.
St Anthony’s Education Centre NPC
(Registration number 1979/000609/08)
Annual Financial Statements for the year ended 31 December 2014
| 35
St Anthony’s Education Centre NPC
(Registration number 1979/000609/08)
Annual Financial Statements for the year ended 31 December 2014
Notes to the Annual Financial Statements
2. Property, plant and equipment
2014 2013
Cost Accumulated Carrying Cost Accumulated Carrying depreciation Value depreciation value
Land and buildings 2,017,832 (756,912) 1,260,920 1,700,334 (700,510) 999,824
Furniture and fixtures 448,865 (376,521) 72,344 277,433 (276,712) 721
Motor vehicles 453,496 (288,608) 164,888 412,295 (288,607) 123,688
Office equipment 1,350,865 (895,523) 455,342 971,255 (828,768) 142,487
Scaffolding 108,950 (3,632) 105,318 - - -
Fire control 82,850 (2,762) 80,088 - - -
Leasehold improvements 831,303 (479,973) 351,330 771,803 (366,003) 405,800
Machinery 789,980 (427,984) 361,996 456,576 (392,318) 64,258
Communication equipment 96,771 (13,535) 83,236 17,693 (4,142) 13,551
Security and monitoring 149,716 (4,252) 145,464 - - -
Total 6,330,628 (3,249,702) 3,080,926 4,607,389 (2,857,060) 1,750,329
Reconciliation of property, plant and equipment – 2014
Opening Additions Disposals Depreciation Total balance
Land and buildings 999,824 317,498 - (56,402) 1,260,920
Furniture and fixtures 721 181,511 - (109,888) 72,344
Motor vehicles 123,688 41,200 - - 164,888
Office equipment 142,487 476,933 - (164,078) 455,342
Scaffolding - 108,950 - (3,632) 105,318
Fire control - 82,850 - (2,762) 80,088
Leasehold improvements 405,800 59,500 - (113,970) 351,330
Machinery 64,258 407,821 (2,133) (107,950) 361,996
Communication equipment 13,551 79,078 - (9,393) 83,236
Security and monitoring - 149,716 - (4,252) 145,464
1,750,329 1,905,057 (2,133) (572,327) 3,080,926
Reconciliation of property, plant and equipment – 2013
Opening Additions Disposals Depreciation Total balance
Land and buildings 1,057,596 - - (57,772) 999,824
Furniture and fixtures 21,203 1,839 - (22,321) 721
Motor Vehicles 123,688 - - - 123,688
Office equipment 94,252 124,196 (506) (75,455) 142,487
Leasehold improvements 279,137 207,500 - (80,837) 405,800
Machinery 58,760 44,731 - (39,233) 64,258
Communication equipment 17,101 - - (3,550) 13,551
1,651,737 378,266 (506) (279,168) 1,750,329
36 | St Anthony’s Annual Report 2014
Details of properties
Buildings situated on Erf 272, Reiger Park Extension 1, which is owned by the Roman Catholic Church of Johannesburg.
Buildings at cost 394,294 394,294
Building situated on portion 16 of the farm Klippoortjie 112.
– Land at cost 256,035 256,035
– Buildings at cost 1,050,005 1,050,005
– Capitalised expenditure 317,498 -
1,623,538 1,306,040
It should be noted that the land purchased by the company (portion 16 of the farm Klippoortjie 112) is registered in the name of the Association of the South African Province of Friars Limited.
3. Trade and other receivables
Rent receivable 82,250 32,711
Prepaid expenses - 22,792
82,250 55,503
4. Cash and cash equivalents
Cash and cash equivalents consist of:
Cash on hand 2,000 2,400
Short-term deposits 4,898,889 2,977,788
4,900,889 2,980,188
5. Trade and other payables
Sundry payables 7,248 -
Provisions 130,909 178,138
Deposit received 128,888 71,104
267,045 249,242
6. Project funding reserve
The project funding reserve consists of the balance of restricted donor funding 1,937,541 1,963,346not utilised in full as at year end.
7. Revenue
Admin fees received 144,160 136,396
Donations 6,935,731 4,413,944
Grant income 2,525,605 204,997
Rental income 2,051,467 1,898,391
Sale of goods 80,569 118,772
Student fees received 7,912,840 7.302.679
Subsidies received 4,503,050 1,999,218
24,153,422 16,047,397
St Anthony’s Education Centre NPC
(Registration number 1979/000609/08)
Annual Financial Statements for the year ended 31 December 2014
Notes to the Annual Financial Statements
2014 2013 R R
| 37
St Anthony’s Education Centre NPC
(Registration number 1979/000609/08)
Annual Financial Statements for the year ended 31 December 2014
Notes to the Annual Financial Statements
2014 2013 R R
8. Other income
Bad debts recovered - 232,375
Hire of facilities 32,330 41,170
Proceeds from insurance 67,985 33,433
Profit on sale of assets and liabilities 6,800 -
Recoveries 201,171 183,598
Sales from workshops 49,260 54,695
357,546 545,271
9. Operating surplus (deficit)
Operating surplus (deficit) for the year is stated after accounting for the following:
Property, plant and equipment 4,668 (506)
Depreciation 572,327 279,168
Employee costs 14,920,335 13,571,384
10. Investment revenue
Interest revenue
Bank 207,363 163,326
11. Taxation
No provision has been made for 2014 tax as the company is exempt from income tax in terms of section 10(1)(cN) of the Income Tax Act.
12. Auditor’s remuneration
Fees 84,931 69,540
Adjustment for previous year - (6260)
84,931 63,280
13. Cash generated from (used in) operations
Profit (loss) before taxation 3,286,047 (1,734,740)
Adjustments for: Depreciation and amortisation 572,327 279,168
(Profit) loss on sale of assets (4,668) 506
Interest received (207,363) (163,326)
Changes in working capital: Trade and other receivables (26,747) 94,266
Trade and other payables 17,803 45,941
3,637,399 1,478,185
38 | St Anthony’s Annual Report 2014
14. Commitments
Operating leases – as lessor (income)
Minimum lease payments due
– within one year 90,266 68,750
– in second to fifth year inclusive - 42,350
90,266 111,100
Certain of the company’s property generates rental income. The lease agreement
has a term of 3 years. There are no contingent rents receivable.
15. Directors remuneration
Executive2014 Salary Bonus Company Total contributions
Salaries, bonuses and company contributions 1,589,163 100,248 103,380 1,792,791
2013
Salary Bonus Company Total contributions
Salaries, bonuses and company contributions 1,341,062 10,000 116,187 1,467,249
The directors’ remuneration disclosed on an individual director basis is available in a separate register and may be made available on request.
16. Financial instruments
The directors are of the opinion that the carrying value of financial instruments approximates their fair value.
Financial instruments are used to cover risks linked to the company’s activity. Each instrument is tied to an asset or liability or an operational or financing transaction.
Foreign exchange risk
The company has no foreign exchange transactions thus it is not directly exposed to foreign exchange risk.
Interest rate risk
As part of the process of managing the company’s interest rate risk, interest rate characteristics of new borrowings and existing investments are positioned according to expected movements in interest rates.
The company has no interest bearing debt and is thus not directly exposed to interest rate risk in this regard.
The company has investments in call deposit accounts totalling R5 753 837 (2013: R3 648 108) which are subject to a floating interest rate.
Credit risk
The company only deposits cash surpluses with major banks of high quality credit standing.
St Anthony’s Education Centre NPC
(Registration number 1979/000609/08)
Annual Financial Statements for the year ended 31 December 2014
Notes to the Annual Financial Statements
2014 2013 R R
| 39
40 | St Anthony’s Annual Report 2014
CARITATE ET LABORE
ST.ANTHONY’S
ST AnThony’S EDuCATion CEnTRE
ST. AnThony’S RoAD
REiGER PARk, BokSBuRG
TElEPhonE (011) 022-4631/2/3
www.stanthonyscentre.org