Annual Report - Chairo Christian School

1

AnnualReport

AnnuAl RepoRts And FinAnciAl stAtements

FoR the yeAR ended 31 decembeR 2015

Warragul District Parent-Controlled Christian School Association Incorporated • abn 12 451 824 370

Annual Reports Contents

Board Chairman’s Report for 2015 ..........................................................................4Executive Principal’s Report for 2015 .....................................................................6

Introduction .......................................................................................................6Value Adding .....................................................................................................7General Comments ...........................................................................................8Excellence in VCE Performance ......................................................................8Other Initiatives to Promote VCE Excellence ...............................................8NAPLAN Update..............................................................................................9Key Staffing Appointments ...........................................................................10Linc (Learning & Information Network at Chairo) ...................................12Indonesian Language and Cultural Exchange Program ...........................12Music and the Performing Arts Program ....................................................13SOAR (Student Opportunities that are Academically Rewarding) .........15ICT Strategic Plan Update .............................................................................15Key Community Relations Developments ..................................................16Student Services Pilot Program ....................................................................17Building Programs ..........................................................................................18Conclusion .......................................................................................................20

2

3

Financial Statements Contents

Statement of Financial Position ...............................................................................1Current Assets ...................................................................................................1Non Current Assets ..........................................................................................1Total Assets ........................................................................................................1

Statement of Financial Position ...............................................................................2Current Liabilities .............................................................................................2Non Current Liabilities ....................................................................................2Total Liabilities ..................................................................................................2Net Assets ...........................................................................................................2Members Funds .................................................................................................2Accumulated Funds .........................................................................................2

Statement of Comprehensive Income ....................................................................3Statement of Cash Flows ..........................................................................................4

Cash Flows from Operating Activities ...........................................................4Net Cash Flow from Operating Activities .....................................................4Net Cash used in Investing Activities ............................................................4Cash Flows from Financing Activities ...........................................................4Net Cash Flow from/used in Financing Activities .......................................4Net Increase/(Decrease) in Cash Held ...........................................................4Cash at End of Year ...........................................................................................4

Statement of Changes in Equity ..............................................................................5Notes to and forming part of the Financial Statements .......................................6

Note 1: Statement of Significant Accounting Policies ..................................6Note 2: Revenue ..............................................................................................12Note 3: Surplus/(Deficiency) .........................................................................12Note 4: Receivables .........................................................................................13Note 5: Capital Grants ....................................................................................13Note 6: Borrowings .........................................................................................13Note 7: Reserves ..............................................................................................14Note 8: Provisions ...........................................................................................14Note 9: Cash Flows .........................................................................................15Note 10: Financial Instruments .....................................................................16Note 11: Related Party Transactions/Directors Benefits ............................16Note 12: Superannuation ...............................................................................16Note 13: Economic Dependency ...................................................................17Note 14: Association Details ..........................................................................17Note 15: Property, Plant & Equipment ........................................................17Note 16: Commitments ..................................................................................17Note 17: Key Management Personnel ..........................................................17

Directors’ Declaration .............................................................................................18Independent Auditor’s Report ..............................................................................19

4

Board Chairman’s Report for 2015

The Scriptures tell us that ‘Jesus Christ is the same yesterday, today and forever’ (Hebrews 13:8). This is an important verse to keep in mind as we face a world of chaos and constant change. Change is all around us, and it’s showing no signs of slowing. However, like a spinning top, the centre of which appears stationary, we can survive in our ever-changing, ever-spinning world, if we have Jesus Christ at the centre of our lives. It’s good to know that our mission has also remained unchanged over many years, since it is also based on the solid foundation of Jesus Christ: To provide excellence in Christ-centred education in partnership with families within a caring Christian community.

The Association Board of Directors is made up of up to twelve full members, plus Rob Bray (Executive Principal) and Bryan Lewis (Business Manager) as non-voting members. The Board in 2015 consisted of Mark Cutchie, Christopher Dean, Louise Hood, Peter Morison, Allan Piening, Melissa Rumble, Brian Tucker and myself. Executive roles were filled once again by me as Chairman, Peter Morison as Vice Chair, Chris Dean as Secretary and Mark Cutchie as Treasurer.

A handful of new Association full members were added in 2015: Jason & Danielle Chew, Rachel Wilson, David & Hannah Sollberger, and Andrea Munn. They have taken up the challenge to partner with the school, not just through their children and interactions with teachers, but also as voting members who can thus influence Chairo’s direction through attendance at meetings and direct involvement in governance.

Each year, the Association holds two important meetings: the Annual General Meeting in May and another general meeting in November. Given today’s busyness, it’s hard to get along to all the things you want and need to. However, let me urge you to make it to at least these two meetings. They provide a great deal of information about the current and future activities and direction of the school. They are tremendously encouraging, often very entertaining, and always a great opportunity for fellowship and catching up over supper.

In May, Barry Ibrahim from Temcare spoke about how God is influencing His people so they can influence others. He commented that it’s encouraging to see young people standing up in the faith and making a difference. Michael Gaylard presented a report in relation to performing arts at Chairo and spoke about the proposed performing arts centre at the Drouin Campus. Assisted by Di McAllister, Nick McLean and Barry Ibrahim, Rebecca Edwards (one of the school captains at the Pakenham Campus in 2014) shared about her growth in faith and as a person throughout her years

5

at Chairo, and about the very significant role that her teachers played in her development.

At the November meeting, Chris Parker from cen shared a devotion based on 1 Corinthians 4:1–5 and discussed the narcissism that is endemic in society. He also spoke passionately about the relevance and important of Christian education. A team from our Leongatha Campus shared about, and performed an item from, their production of Fiddler on the Roof Jr. Board elections were held for vacant positions. Various staffing announcements were made, including the news that Executive Principal, Rob Bray, will be concluding his tenure at Chairo at the end of the 2016 school year.

To provide a ‘flavour’ of the Board year, a few key elements of our work—in addition to the many ‘business as usual’ elements—can perhaps be summarised as follows:

• Continued refinement and implementation oversight of Strategic Plan 2014

• Executive leadership succession planning across all campuses• Appointment of a new Drouin Campus Principal for 2016• Commencement of planning and recruitment for a new Executive

Principal for 2017• Continued work on partnering with parents and building full

membership levels• Continued oversight of the Drouin

performing arts facility project• Continued oversight of the

ongoing expansion of the Pakenham Campus

As our lives get busier and change continues to threaten to topple us, it’s good to know that our Heavenly Father loves us in a way that never changes. His blessings pour down on us day after day. What a mighty God we serve! Please continue to pray for your Board and those in senior management positions, as we continue to serve you, our parents and students, in our aim to fulfil our mission and vision.

Jeff CalwayBoard Chairman

6

Executive Principal’s Report for 2015

intRoductionIt is my great pleasure to present the Executive Principal’s Annual Report for Chairo Christian School for 2015. Chairo is a dynamic teaching and learning community and I am confident that you will be greatly encouraged as you read through the pages of this report. The year was clearly one where all Chairo students had the opportunity to participate in many valuable learning experiences, both within and beyond the formal classroom environment. They embraced the areas of academics, sport, culture, camps and excursions, and they occurred locally, nationally and even at an international level. It was also a year where new initiatives and innovations were introduced.

However, it is important that we always remember that all programs at Chairo are presented from a Christian worldview perspective. Our school is wisely governed by a board of Christian parents. All staff members, both teaching and non-teaching, have an active Christian faith. Considerable time and resources are invested each year on professional development activities that ensure the ability of our staff members to deliver ‘excellence in Christ-centred education’, as described in our mission statement.

7

This report has been circulated to each Chairo family and to all staff members as part of the Annual General Meeting distribution. I would encourage you to attend our agm in the Drouin Campus Library, commencing at 7.30 pm on Thursday 26 May. Our guest speaker will be Alice Mustin, who is the Victorian cen Schools Curriculum Advisor. Alice is passionate about assisting schools to develop authentic Christ-centred curriculum. You will also meet Pam Lavery, who was recently appointed as cen’s Victorian State Executive Officer. Pam will bring a devotional message and provide an update regarding her work within our Victorian cen school ‘family’. Head of Senior School at the Drouin Campus, John Presant, will also provide us with an informed overview of the many positive developments that have occurred in response to recommendations made in the Drouin Senior School Review.

VAlue AddingPlease note that the rest of this report forms one component entitled ‘Value Adding’ of the larger Chairo Christian School Annual Report that covers the key reporting areas as required by the Australian Government for funding under the Schools Assistance Act 2004. These guidelines require that school performance information is made publicly available to the school and wider communities in the prescribed formats. The complete report will be provided to all families and staff members, and made available on our website, later in the year.

We have always had a strong desire to ensure that our school community is kept fully informed about Chairo’s programs and performance. As partners in the educational process, our parents are greatly valued and we wish to maintain effective lines of communication all times. We do this through a variety of methods, including newsletters, website, sms, email, Facebook pages, our learning management system, phone conversations, interviews, surveys and direct mail outs.

8

geneRAl commentsThroughout 2015, Chairo students across all campuses continued to produce excellent performances in academic, sporting and cultural fields at both school and inter-school levels. It is also important to note that another year in the life of Chairo saw the continuation and further development of numerous programs, including:

• excellent pastoral care and chaplaincy support for students at all campuses;

• involvement by many students in leadership training camps and other special programs;

• excellent Christ-centred kindergarten programs for three-year-olds and four-year-olds;

• professional and compassionate support for students with learning needs;• stimulating extension opportunities in a range of curriculum areas; and• contact with alumni through a newsletter and another successful ten-year

student reunion.

excellence in Vce peRFoRmAnceOur Year 12 cohort achieved excellent results in the vce (Victorian Certificate of Education). All fifty-six students satisfied the full requirements of the course, which represented a pass rate of 100% and opened the door to many course and career areas for our students. Nineteen of these students were located at our Pakenham Campus, while thirty-seven students completed their vce at our Drouin Campus.

Toby Lewis was the dux at Drouin, receiving an atar (Australian Tertiary Admission Rank) score of 94.30, with Peter Wolstenholme being the dux at Pakenham with an atar score of 98.30. We were delighted that five students achieved an atar score of 90 or above. This performance placed these students in the top 10% of vce graduates across Victoria. Chairo families were provided with a vce student performance letter early in 2016, which presented more detailed information in relation to this important topic.

otheR initiAtiVes to pRomote Vce excellenceStaff members continued to work with Karen Milkins-Hendry, an educational consultant from isv (Independent Schools Victoria), on a vce Improvement Plan. Karen met regularly with the Heads of Senior Schools

9

and the vce coordinators, focusing on meeting structures, opportunities for staff professional development, and making the most of vce data. Additionally:

• vce staff members continued to participate in vcaa workshops, such as ‘Meet the Examiners’, that related directly to their subject areas. These professional development sessions assisted teachers to gain a deeper insight into the marking methods for examinations and helpful hints regarding curriculum content.

• Unit 4 practice examinations took place during the second week of the September holidays, which provided the opportunity for teachers to mark student papers before the start of Term Three. As a result, teachers were able to provide feedback to students in a timely manner and make necessary adjustments to the revision schedule prior to the official vce examinations.

• Campbell Rushton-Smith from Edrolo conducted additional staff training regarding the Exam Master components of Edrolo.Further significant initiatives were put in place for 2016, including the

introduction of faculty coordinators in the areas of English, Maths, Science and Humanities. The introduction of this additional layer of leadership will clearly assist with improved development and implementation in these key curriculum areas.

nAplAn updAtenaplan (National Assessment Program, Literacy and Numeracy) is a series of tests conducted each year for all students in Years 3, 5, 7 and 9. The 2015 tests were conducted from 12 to 14 May. In September, all families received correspondence summarising the naplan performance of our students. Parents of children who participated directly in naplan also received information outlining individual results for their children.

At Chairo, we view the development of literacy and numeracy skills as a particularly important component of the education of each child. As such, we embrace the opportunity to implement the naplan tests. The results of these standardised tests allow us, as a school, to use this information to respond strategically to the learning needs of students.

The naplan results provide students and parents with a snapshot of performance in literacy and numeracy at the time of the tests. In the analysis process, we need to keep in mind that these results are only indicative of what was tested on the given day. As a school, the data is used by teachers and school leadership to assess individual programs and school resources to make sure that we are providing excellence in education. Chairo is committed to ensuring that all students are able to reach their God-given potential.

10

Key stAFFing AppointmentsAs you will read elsewhere in this report, Chairo continues to be blessed as a result of the ongoing provision of excellent buildings and resources. However, it is the quality of teaching staff that has the greatest impact on learning outcomes for our students. Chairo continues to attract applications from high-calibre teachers. Throughout 2015, our teachers continued to engage in a wide range of professional development programs aimed at further enhancing their abilities to develop and deliver ‘excellence in Christ-centred education’.

In 2015, major planning occurred to develop position descriptions for a number of key new staff leadership roles. As I am writing this report, the personnel in these new positions are already delivering valuable outcomes for our students, parents and staff members.

Human Resources ManagerLate in 2015, we appointed our first Human Resources Manager in order to manage and oversee all human resource-related activities across all campuses. Human Resources Managers are primarily concerned with the management of people within organisations. The hr Manager’s objective is to help ensure that the employment relationship is fulfilling for both the employee and the employer.

Justin Groenewaldt, a former General Manager of Human Relations at The Workwear Group (Wesfarmers) and a current parent, joined the Chairo staff on a full-time basis as hr Manager in October. While settling into the role, the elt (Executive Leadership Team) requested that Justin present his initial observations in relation to Chairo’s existing human resources practices, culture and staff structure. These were presented and discussed by the elt in November and since then Justin has been working on the following key priorities:

• Launching an employment page on our website to serve as a job board for advertising vacancies and facilitating an online job application process.

• Developing and introducing a new onboarding and induction process for new staff.

• Reviewing our document retention process to ensure that we create, manage and archive our records in an efficient manner that also complies with our legislative requirements.

• Assisting the Board with the recruitment of key staff members such as a new Executive Principal and a new Senior Chaplain.

• Updating and re-issuing a number of staff contracts of employment to reflect their current employment status.

11

• Providing ongoing advice to the elt in areas of policy, employment law and hr best-practice.

Head of eLearningWe committed to the creation of this strategic new role in the second half of 2015 and Lisa Dumicich was appointed as our inaugural Head of eLearning. Lisa had previously done an excellent job as our Leongatha Campus Principal during 2014 and 2015.

The need for this important new role coincided with the decision to introduce a new whole-school lms (Learning Management System). The Head of eLearning will have primary responsibility for the successful implementation of this system in 2016, including organising the necessary professional development for all staff members. Further information about the lms is provided elsewhere in this report.

Policy OfficerMaintaining up-to-date policies is of vital importance to ensure the professional operation of any school organisation in today’s increasingly complex educational environment. This is a significant area where the school board and operational leadership have an important oversight role. In the past, Darryl Martin has done excellent work in this field, coupled with a range of other responsibility areas.

In 2015, it was decided to create a dedicated Policy Officer position and Peter Hill was appointed to commence in this role from the start of 2016. Peter was previously our Drouin Campus Principal from 2012 to 2015. Peter’s appointment coincided with our decision to adopt components of a CompliSpace software package. This package is designed to ‘provide clients with an integrated solution to their policy management and business assurance needs.’

A school’s registration and reputation are clearly linked to the quality and relevance of its policies and procedures. Consequently, this role is designed to ensure that existing policies are continually updated and new policies developed as required. Staff members must also be kept informed regarding their key role in ensuring that policies are appropriately implemented. The Policy Officer also has the key responsibility of ensuring that all of our policies appropriately reflect a Christian worldview.

12

linc (leARning & inFoRmAtion netwoRK At chAiRo)During 2015, we began a review of the effectiveness of our current choice of lms (Learning Management System). As a result of the review, it was decided that we needed an lms that was better able to expand to cater for the future needs of the school, to be more flexible, and to be able to be used across the whole school. This began a process of researching the available lms options on the market.

It was through this process that the decision was made to adopt a product called Schoolbox, which we then began to implement early in Term Three. One of the first stages was to commence a training program for executive and teaching staff members. We also decided to personalise Schoolbox by running a competition to find a new name for us to use. The name chosen was ‘Linc’, which stands for Learning and Information Network at Chairo.

In 2016, all staff members working in four-year-old kindergarten through to Year 12 will be further trained in how to use Linc in order to enable students and parents to have unprecedented access to course descriptions, work requirements and more. Another valuable feature of Linc is that it will facilitate a continuous reporting process.

indonesiAn lAnguAge And cultuRAl exchAnge pRogRAm2014 was a significant year for our lote (Languages Other Than English) Indonesian program in that it saw the reintroduction of student trips to Indonesia. Eleven students from Years 9–10 who were studying the Bahasa Indonesia language participated in this program. The itinerary was specifically designed to maximise opportunities for students to practice their language skills in a variety of authentically Indonesian cultural settings.

Another important milestone in relation to this program was marked in 2015 when Chairo hosted a group of students and staff members from sph (Sekolah Pelita Harapan) International located in Sentul City, Indonesia,

13

with our staff members and students having the opportunity to become host families. Once again, this visit provided rich opportunities for our students to further develop their skills in the Bahasa Indonesia language.

Without doubt, this initiative has now developed into a genuine language and cultural exchange, with plans well underway for a further group of students and staff members to visit Indonesia later in 2016.

music And the peRFoRming ARts pRogRAmMusic and performing arts continue to play a vibrant role in curriculum offerings at all Chairo campuses. These programs are provided both by Chairo music teachers and a team of instrumental music tutors. An important staffing appointment made in late 2015 was that of Jason Ward as Head of Music at the Drouin campuses from the start of the 2016 school year. Following is a brief overview of the music programs that were offered at our various campuses in 2015.

Drouin East CampusStudents in Prep to Year 2 explored many aspects of music, learning more about beat, pitch tempo, dynamics and rhythm. They also increased their skill in the playing of percussion instruments. Students in Years 3–4 further expanded their musical repertoire. They created musical pieces and began to learn how to play the descant recorders. Students in Years 2–4 also had the opportunity to join the school choir, performing at several school functions and at some local aged care facilities.

Drouin CampusIn Middle School, students in Years 5, 6 and 8 learnt to play a brass or woodwind instrument, while all Year 7 students learnt to play guitar and some also participated in drum rhythm workshops. There was considerable growth in Senior School in terms of the number of students involved in the music program. Some highlights included the gis Musartz festival (also involving some Middle School students) and the Out There! Variety Concert, which showcased the musical and performing arts skills of our students. Last year also saw fourteen students participating in vce Music classes, which was the largest group to date.

14

Leongatha CampusMusic was a significant growth area at the Leongatha Campus in 2015. Students had access to instrumental music, and the junior and senior worship bands continued to grow and develop with regular performances at assemblies and other school functions. A choir for upper primary and secondary was started as well as a marimba band. Music electives were recommenced at the Years 7–8 and Years 9–10 levels and these attracted strong numbers.

Pakenham CampusThe music program continued to develop at the Pakenham Campus in 2015 with the creation of new music groups and choirs. There are now five choirs throughout the campus. Demand for individual instrumental lessons remained strong and 2015 saw the first group of vce Music Performance students successfully complete their studies.

The music department has a full program of concerts and performances each year. These include Music on the Lawn, soirées, eisteddfods, the Middle School and Junior School music festival, the cssn band and choir festival, out-of-school choir performances, and the band tour. The quality of performances is steadily improving as students increase their skills. In 2016, the orchestra for the Junior School production will be entirely drawn from our talented student musicians.

15

In 2015, Chairo students and staff members were again responsible for the presentation of some wonderful productions and concerts. These included:

• Fiddler on the Roof Jr—Leongatha• The Pirates of Penzance—Pakenham• Pinocchio—Drouin Middle School• Out There! Variety Concert—

Drouin Senior School• Remember the Lord—Drouin East Junior School

soAR (student oppoRtunities thAt ARe AcAdemicAlly RewARding)The soar program has been divided into three components:

BIG Idea DaysAll students have a taste of what it means to think deeply and outside the box on a topic. In 2015, these days catered for Prep to Year 10 students across all campuses.

WorkshopsSmall groups of students are selected based on their abilities and passions for the topic being covered. The workshops target different subject areas each term: Science, Maths, English and Humanities.

Holiday ProgramsSelected students from cen and csa schools are invited to participate in the soar holiday program, which again aims to provide stimulating extension activities. This is an optional program where parents pay a registration fee to cover the cost of staffing and materials. The year saw two holiday programs being conducted. In April, we hosted seventy-three students (Years 3–6) and in October there were forty-six students in Years 3–6 and fifteen students in Years 7–8. From all reports, students who attended enjoyed themselves and learned a great deal through the range of workshops on offer.

ict stRAtegic plAn updAte2015 was a year of consolidation in the ict area. The laptop program that was rolled out to Year 7 students in 2014 entered its second year with an improvement in the devices and now students in Years 7 and 8 have devices. The Years 5–6 iPad program was also consolidated. Time was also spent researching the priorities for the next ict plan for 2017 onwards.

16

Key community RelAtions deVelopmentsIt was predominantly ‘business as usual’ for our busy community relations department during 2015, with tasks ranging from producing newsletters and maintaining our website and Facebook pages to promoting the school at various events, including Farm World, Open Days and the Baw Baw Garden and Home Expo.

Key developments during the year included new signage on buses, improved signage around campuses, newspaper advertisements featuring alumni, radio advertisements on Light fm that included students speaking, and the creation of a range of short videos about special events.

Additionally, for the first time, the community relations team assumed responsibility for producing Outlook, the annual end-of-year magazine. This was a major, time-consuming project and the team is to be congratulated for creating a quality magazine that showcased each of our four campuses.

17

student seRVices pilot pRogRAmChairo has always placed great emphasis on the provision of appropriate pastoral care for all students. However, changing government expectations have meant that schools are increasingly required to take greater responsibility for the mental health and wellbeing of students.

To support students in their learning and overall wellbeing, the school provides a variety of services in conjunction with outside professional practitioners. We are blessed to have a dedicated team of learning support staff members who assist and support students in their day-to-day learning. The chaplains at each campus provide an avenue to support general student wellbeing and for those students facing difficult times in their lives. We also have a school nurse, primarily based at our Pakenham Campus, who ensures that our students are cared for medically when at school. Other services to which we refer students include speech pathologists, occupational therapists, child psychologists and counsellors.

In 2015, the decision was made to trial a program from the start of 2016 at our Pakenham Campus to help coordinate all these services more effectively. The Student Services Program will bring together the full range of people involved in student welfare to discuss, identify and refer students to various services so that the best outcomes for students can be offered via a more efficient process. In late 2015, the key personnel who will be involved in this pilot program attended a Mind Matters professional development program, which provided a clear outline of the framework designed to support such a model.

The new Student Services Team will be made up of representatives from the learning support, health, counselling and chaplaincy departments. This team will meet on a regular basis to consider student needs and to appropriately process all referrals that have come from staff members and parents. This is a change from past procedures where referrals went directly to various departments or individuals.

To help support the larger body of students, there will also be another team formed, known as the Wellbeing Team. A wider range of people will be involved, including Heads of Schools, to coordinate wellbeing curriculum and programs throughout the school. This will include new initiatives as well as learning already embedded in the curriculum, such as friendship, relationship and anti-bullying programs, and programs discussing drugs, alcohol, smoking and sex education. It is our intention to ensure that these programs reflect an appropriate Christian worldview. The Wellbeing Team will ensure that curriculum and programs are planned and delivered at age-appropriate levels throughout the school.

We will carefully evaluate what can be learned from the pilot program during 2016 in order to consider its wider school application for the future.

building pRogRAmsChairo has four geographically separate campuses and this requires careful planning to ensure that buildings and facilities at each location are maintained to a high standard. I wish to publicly thank all members of our Grounds and Maintenance Team for their ongoing dedication to this important task. Thanks are also due to Business Manager Bryan Lewis, Architect Warren Van Damme and our current builders, Stockwood Building Group, for their professional contributions to this program.

Middle School (Stage 4)—Pakenham CampusWith a rapid increase in enrolment enquiries and applications during 2015, it became apparent that there would be a need to ‘fast track’ the delivery of this facility in readiness for the commencement of the 2016 school year. A wonderful team effort saw this building being made available to students by the required date.

Design and Technology Building—Pakenham CampusThe decision to ‘fast-track’ the Middle School (Stage 4) building led to some delays in the completion of this amazing new learning space. However, I am pleased to report that the Design and Technology facility was completed early in 2016 and is now being productively used by enthusiastic students and staff members. It is already delivering enhanced learning opportunities for our students.

Minor Capital WorksImportant building facilities and resources initiatives occurred at all Chairo campuses throughout 2015. These included:

dRouin eAst cAmpusNew Prep play area constructed, storage and classroom upgrade to accommodate an extra class from 2016, upgrades to the car park, more blinds and data projectors, improvements to the library and learning support areas, and improvements to the kindergarten office area.

leongAthA cAmpusImprovements to landscaping, upgrades of air conditioning, improvements to sporting facilities on the oval, new ‘hands-on’ learning facility as part of our Trade Training Centre partnership, and improved signage.

dRouin cAmpusPerforming arts facility planning and commencement of related service upgrades and new car park, new learning support facilities in Middle School, additional industrial arts equipment, improvements to the bats class learning area and storage, furniture upgrades, centralising of ict support in the library to improve student access, and increased air conditioning.

pAKenhAm cAmpusContinued landscaping improvements, planning for new car parks and roads, new equestrian centre, furniture upgrades, centralising of ict support to improve student access, dividing curtain in Finlay Hall between the two courts, new Junior School playground, expanded and upgraded kindergarten, and improved and expanded music facilities.

Drouin Campus Performing Arts CentreDuring 2015, much further design and planning occurred in preparation for the provision of this amazing new facility. This is a significant building development, involving a considerable degree of technical complexity relating to acoustics and ‘best-practice’ theatre design. Consequently, we have been working in close partnership with consultants who have considerable expertise in these areas.

At the time of writing this report, a number of important site works have already occurred. These include the creation of a new entrance from Balfour Road, and a car park and associated road development are nearing completion. An electricity upgrade has occurred with fire service improvements planned for the near future. The design for Stage 1 has been approved and it is anticipated that construction will commence in the second half of 2016 with a proposed 2017 completion date.

conclusionClearly, 2015 was a year that saw our students giving of their best and making great achievements in a wide variety of areas. However, I am very aware that such achievements can only occur in effective partnership with our parent body. Consequently, on behalf of the Board and all members of staff, I wish to again sincerely thank our parents for the many valuable contributions made towards the success of our teaching and learning programs.

I will conclude with the same message that I provided in last year’s report. I referred directly to the vital significance of Chairo’s mission statement in terms of identifying the essential ingredients that must characterise our school community. This statement reads: To provide excellence in Christ-centred education in partnership with families within a caring Christian community.

We must never forget that we are a ‘Christ-centred’ educational community, where we actively recognise God’s authority and seek His guidance. We acknowledge the vital importance of the partnership between home and school, and the need for regular effective communication between these two entities. Our ultimate goal is to produce young men and women of sound character who will use their skills and talents to make a positive contribution to our wider society.

Rob BrayExecutive Principal

Financial Statements for the Year Ended 31 December 2015

Page 1

Warragul District Parent-Controlled Christian School Association Incorporated Chairo Christian School

ABN 12 451 824 370 Statement of Financial Position

as at 31 December 2015

Note 2015 $

2014 $

Current Assets

Cash Assets 9(a) 68,849 752,928

Receivables (Net) 4 459,119 328,035

Inventory 6,110 6,168

Prepayments 272,456 162,377 Total Current Assets 806,534 1,249,508

Non Current Assets

Land At Valuation 15 1,855,000 1,855,000

Buildings and Improvements at Valuation 46,221,317 45,545,556

Less Provision for Depreciation (18,784,809) (17,518,151)

15 27,436,508 28,027,405

Plant and Equipment at Cost 6,938,711 6,332,282

Less Provision for Depreciation (4,452,459) (4,176,854)

15 2,486,252 2,155,428

Capital Works in Progress 15 1,750,930 388,173 Total Non Current Assets 33,528,690 32,426,006

Total Assets 34,335,224 33,675,514

* The accompanying notes form part of the financial statements.


Page 2


ABN: 12 451 824 370 Statement of Financial Position

as at 31 December 2015

Current Liabilities Note 2015

$ 2014

$ Creditors 173,785 308,970

Accrued Expenses 1,240,680 1,076,011

Fees Received in Advance 145,095 136,255

Borrowings 6 188,535 -

Provision for Employee Entitlements 8 1,545,359 1,197,919

Other 59,189 86,678

Total Current Liabilities 3,352,643 2,805,833

Non Current Liabilities

Provision for Employee Entitlements 8 233,786 369,842

Total Non-Current Liabilities 233,786 369,842

Total Liabilities 3,586,429 3,175,675

Net Assets 30,748,795 30,499,839

Members Funds

Accumulated Funds 14,589,439 14,101,931

Reserves 7 16,159,356 16,397,908

Total Equity 30,748,795 30,499,839



Page 3


ABN: 12 451 824 370 Statement of Comprehensive Income for the year ended 31 December 2015

Note 2015

$ 2014

$ Revenue 2 / 5 20,529,507 18,851,166

Employee benefits expense (14,209,069) (12,835,237)

Borrowing costs expense (211) (26,500)

Depreciation and amortisation expense (2,016,470) (2,051,091)

Transport Costs (627,992) (669,908)

Cleaning/Maintenance/Utilities Costs (948,665) (876,492)

Tuition/camps/excursion expenses (1,041,251) (984,371)

Other expenses

(1,667,283)

(1,655,140)

Surplus/(Deficiency) 18,566 (247,573)

Revenue from capital grants 5 230,390 -

Total Surplus/ (Deficiency) 248,956 (247,573)

Other Comprehensive Income

Net Gain On Acquisition – South Coast Christian College

- 5,503,777

Total Comprehensive Income 248,956 5,256,204



Page 4


ABN: 12 451 824 370 Statement of Cash Flows

for the year ended 31 December 2015

Note 2015 $

2014 $

Cash Flows from Operating Activities Receipts from Student Charges 5,716,479 5,419,865 Other Income 263,313 228,694 Grants 14,315,059 13,063,702 Interest Received 56,888 69,044 Borrowing Costs Paid (211) (26,500) Payment to Suppliers and Employees (18,335,378) (16,482,520) Net Cash Flow from Operating Activities 9(b) 2,016,150 2,272,285 Cash Flows from Investing Activities Cash from Acquisition Of South Coast Christian College - 346,890 Payments for Property Plant & Equipment (3,119,154) (2,082,608) Net Cash used in Investing Activities (3,119,154) (1,735,718) Cash Flows from Financing Activities Proceeds from capital grants 230,390 - Proceeds/(Repayments) from/of Loans 188,535 (400,000) Net Cash Flow from/used in Financing Activities 418,925 (400,000) Net Increase/(Decrease) in Cash Held (684,079) 136,567 Cash at beginning of Year 752,928 616,361 Cash at End of Year 9(a) 68,849 752,928



Page 5


ABN: 12 451 824 370 Statement of Changes in Equity


2015 Retained

Surplus Capital Grants Reserve

Asset Revaluation

Reserve

Total

$ $ $ $ Balance at 1 January 2015

14,101,931 6,663,908 9,734,000 30,499,839

Net Surplus/ deficit

248,956 - - 248,956

Transfer from retained surplus for grants received

- - - -

Transfer to retained surplus for amortisation

238,552 (238,552) - -

Balance at 31 December 2015

14,589,439 6,425,356 9,734,000 30,748,795

2014 Retained

Surplus Capital Grants Reserve

Asset Revaluation

Reserve

Total

$ $ $ $ Balance at 1 January 2014

9,574,498 5,935,137 9,734,000 25,243,635

Net Surplus/ deficit

(247,573) - - (247,573)

Acquisition of SCCC

5,503,777 - - 5,503,777

Unamortised Capital Grants Transfer as part of SCCC Acquisitions

(1,214,963) 1,214,963 - -

Transfer from retained surplus for grants received

- - - -

Transfer to retained surplus for amortisation

486,192 (486,192) - -

Balance at 31 December 2014

14,101,931 6,663,908 9,734,000 30,499,839



Page 6


ABN: 12 451 824 370 Notes to and forming part of the Financial Statements


Note 1: Statement of Significant Accounting Policies The financial statements are for Warragul District Parent-Controlled Christian School Association Inc. as an individual entity, incorporated and domiciled in Australia. The school is a not-for-profit incorporated association. Statement of Compliance These general purpose financial statements have been prepared in accordance with Australian Accounting Standards - Reduced Disclosure Requirements and Interpretations issued by the Australian Accounting Standards Board ('AASB'), the Associations Incorporation Reform Act 2012, and the Australian Charities and Not-for-profits Commission Act 2012. Australian Accounting Standards set out accounting policies that the AASB has concluded would result in a financial statement containing relevant and reliable information about transactions, events and conditions. Material accounting policies adopted in the preparation of this financial statement are presented below. They have been consistently applied unless otherwise stated. Basis of Preparation The financial statements, except the cash flow information, have been prepared on an accruals basis and are based on historical costs, modified, where applicable, by the measurement of fair value of selected non-current assets, financial assets and financial liabilities. Historical cost is generally based on the fair values of the consideration given in exchange for assets. All amounts are presented in Australian dollars, unless otherwise noted. Accounting Policies The accounting policies set out below have been applied consistently to all periods presented in these financial statements, unless otherwise stated.

(a) Property, Plant and Equipment

Land and buildings Land and buildings are shown at fair value, based on periodic valuations by external independent valuers, less subsequent depreciation and impairment for buildings. Any accumulated depreciation at the date of revaluation is eliminated against the gross carrying amount of the asset and the net amount is restated to the revalued amount of the asset. Increases in the carrying amounts arising on revaluation of land and buildings are credited in other comprehensive income through to the revaluation surplus reserve in equity. Any revaluation decrements are initially taken in other comprehensive income through to the revaluation surplus reserve to the extent of any previous revaluation surplus of the same asset. Thereafter the decrements are taken to profit or loss.


Page 7




Plant and equipment Plant and equipment are brought to account at cost less, where applicable, any accumulated depreciation and impairment losses. Historical cost includes expenditure that is directly attributable to the acquisition of the assets. Subsequent costs are included in the asset’s carrying amount or recognised as a separate asset, as appropriate, only when it is probable that future economic benefits associated with the item will flow to the entity and the cost of the item can be measured reliably. All other repairs and maintenance are charged to the statement of comprehensive income during the financial period in which they are incurred. The carrying amount of plant and equipment is reviewed annually by the Committee to ensure it is not in excess of the recoverable amount from these assets. The recoverable amount is assessed on the basis of the estimated replacement cost of the asset. The cost of plant and equipment constructed within the Association includes the cost of materials, direct labour, borrowing costs and an appropriate proportion of fixed and variable overheads.

(b) Depreciation

The depreciable amount of all fixed assets are depreciated on a straight line basis over the useful lives of the assets to the school from the time the asset is held ready for use, except for buildings and site improvements which are depreciated using the diminishing value basis with a 10% residual value. The depreciation rates used for the current and comparative year for each class of depreciable asset are:- Class of Fixed Asset Depreciation Rate Buildings & Site Improvements 20-40 years, Diminishing Value Plant and Equipment 10% - 50% The carrying amount of plant and equipment is reviewed annually by directors to ensure it is not in excess of the recoverable amount from these assets. The recoverable amount is assessed as the depreciated replacement cost of an asset.

(c) Cash Cash and cash equivalents include cash on hand, deposits held at call with banks, and bank overdrafts. Bank overdrafts are shown within short-term borrowings in current liabilities on the statement of financial position.


Page 8




(d) Revenue Revenue from tuition fees is bought to account when students are invoiced. Interest revenue is recognised on an accruals basis. Government grants are recognised when the right to receive a grant has been established. Revenue received for capital purposes is recorded as income through the statement of comprehensive income and then transferred to capital reserves. Donations are recognised as revenue when received.

(e) Employee Entitlements

Provision is made for the Association’s liability for employee benefits arising from services rendered by employees to reporting date. Employee benefits that are expected to be settled within one year have been measured at the amounts expected to be paid when the liability is settled, plus related on-costs. Employee benefits payable later than one year have been measured at the present value of the estimated future cash outflows to be made for those benefits. Contributions are made by the Association to an employee superannuation fund and are charged as expenses when incurred.

(f) Impairment of Assets

At each reporting date, the Association reviews the carrying values of its tangible assets to determine whether there is any indication that those assets have been impaired. If such an indication exists, the recoverable amount of the asset, being the higher of the asset’s fair value less costs to sell and replacement cost, is compared to the asset’s carrying value. Any excess of the asset’s carrying value over its recoverable amount is expensed to the statement of comprehensive income.

(g) Critical Accounting Estimates and Judgments

The Directors evaluate estimates and judgments incorporated into the financial report based on historical knowledge and best available current information. Estimates assume a reasonable expectation of future events and are based on current trends and economic data, obtained both externally and within the Association.


Page 9



for the year ended 31 December 2015 Key Estimates i. Impairment

The Association assesses impairment at each reporting date by evaluation of conditions and events specific to the Association that may be indicative of impairment triggers. Recoverable amounts of relevant assets are reassessed using value-in-use calculations which incorporate various key assumptions.

No impairment has been recognised in respect of property, plant and equipment at reporting date.

ii. Employee benefits provision

As per Note 1(e), the liability for employee benefits expected to be settled more than 12 months from the reporting date are recognised and measured at present value of the estimated future cash flows to be made in respect of all employees at the reporting date. In determining the present value of the liability, estimates of attrition rates and pay increases through promotion and inflation have been taken into account.

iii. Estimation of useful lives of assets

The association determines the useful lives and related depreciation and amortisation charges for its property, plant and equipment. The useful lives could change significantly as a result of technical innovations or some other event. The depreciation and amortisation charge will increase where the useful lives are less than previously estimated.

iv. Bad debt provision The association evaluates the collectability of accounts receivable on an ongoing basis based on historical bad debts, customer credit-worthiness, current economic trends and changes in payment activity. A provision is created recognizing likely bad debts of the association taking into account the individual factors as outlined above for each customer’s debt at the 31/12/2015.

(h) Current and Non-current Classification

Assets and liabilities are presented in the statement of financial position based on current and non-current classification.

An asset is current when:

i. it is expected to be realised or intended to be sold or consumed in normal operating cycle; or ii. it is held primarily for the purpose of trading; or


Page 10



for the year ended 31 December 2015 iii. it is expected to be realised within twelve months after the reporting period; or iv. the asset is cash or cash equivalent unless restricted from being exchanged or used to settle a liability for at least twelve months after the reporting period.

All other assets are classified as non-current.

A liability is current when:

i. it is expected to be settled in normal operating cycle; ii. it is held primarily for the purpose of trading; it is due to be settled within twelve months after the reporting period; or iii. there is no unconditional right to defer the settlement of the liability for at least twelve months after the reporting period.

All other liabilities are classified as non-current.

(i) Income Tax In accordance with Section 50-5 of the Income Tax (Assessment) Act 1997, the Association is exempt from income tax.

(j) Goods and Services Tax (GST)

Revenues, expenses and assets are recognised net of the amount of GST, except where the amount of GST incurred is not recoverable from the Australian Taxation Office. In these circumstances the GST is recognised as part of the cost of acquisition of the asset or as part of an item of the expense. Receivables and payables in the Statement of Financial Position are shown inclusive of GST.

(k) Working Capital Deficiency

The financial statements have been prepared on a going concern basis, which contemplates continuity of normal business activities and the realisation of assets and settlement of liabilities in the ordinary course of business. The Association believes it is still a going concern due to enrolment numbers for 2016 leading directly to government grant funding which is due to be paid to the Association in the second week of January 2016 totaling an estimated $5.4 million. These funds more than meet existing liabilities. For the year ended 31 December 2015 the School recorded a net current asset deficiency of $2,546,110 (2014: Deficiency $1,556,325), it also recorded a surplus from operating activities of $18,566 (2014: Deficiency $247,573) and positive cash inflows from operating activities of $2,032,921 (2014: $2,272,285).


Page 11

Warragul District Parent-Controlled Christian School

Association Incorporated Chairo Christian School

ABN: 12 451 824 370 Notes to and forming part of the Financial Statements for the year ended 31

December 2015

(l) New, revised or amending Accounting Standards and Interpretations adopted

During the current year, the Association has adopted all of the new and revised Australian Accounting Standards and Interpretations applicable to its operations which became mandatory. The adoption of these standards has not significantly impacted the recognition and measurement of transactions and the presentation and disclosures of the financial statements. There are no new and revised accounting standards issued but not yet effective as at the date of signing of the financial statements which the Association has decided to early adopt.

(m) Standards and Interpretations affecting the reported results or financial position

There are no new and revised Standards and Interpretations adopted in these financial statements affecting the reporting results or financial position.

(n) Comparative Figures

When required by Accounting Standards, comparative figures have been adjusted to conform to changes in presentation for the current financial year.


Page 12




Note 2: Revenue

2015

2014

$ $ $ $

Fees Revenue 5,086,831 4,773,497

Government Grants:

- State 4,025,816 3,720,634

- Commonwealth 10,289,243 14,315,059 9,343,068 13,063,702

Interest Received 56,888 69,044

Student Transport 303,635 296,246

Other Income 726,460 624,885

Non Operating Activities

- Donations 40,634 23,792

20,529,507 18,851,166

Note 3: Surplus/ (Deficiency)

Expenses

Educational Consumables, Expenses and Camps 1,041,251 984,371

Occupancy maintenance and operating expenses 948,665 876,492

Movement in provisions (Note 8) 211,384 352,685

Bad and doubtful debts:

- bad debts written off 25,796 11,505

- movement in provision for doubtful debts (Note 4) 29,729 55,525 23,788 35,293

Remuneration of the auditors for:

- auditing or reviewing the financial report 13,260 13,875

- other services - 13,260 150 14,025


Page 13


ABN: 12 451 824 370 Notes to and forming Part of the Financial Statements


2015 $

2014 $

Note 4: Receivables

Debtors – Fees 528,493 479,375

Sundry Debtors 148,243 36,548

Less Provision for Doubtful Debts (217,617) (187,888)

459,119 328,035

Note 5: Capital Grants

Block Grant Authority – Aust. Govt. 230,390 -

230,390 -

Note 6: Borrowings

Current

Bank Overdraft 188,535 -

188,535 -

The bank overdraft is secured by a mortgage over 585 Bald Hill Road, Nar Nar Goon, and a general security agreement over all existing and future assets, and undertakings.


Page 15



for the year ended 31 December 2015 Note 9: Cash Flows

(a) Reconciliation Of Cash

For the purpose of the Statement of Cash Flows, the entity considers cash to include cash on hand, in banks and investments in money market instruments. Cash at the end of the reporting period as shown in the Statement of Cash Flows is reconciled to the related items in the Statement of Financial position as follows:

2015 $

2014 $

Cash on Hand 1,600 1,600 Cash at Bank – General Account – CBA 27,411 23,144 Cash at Bank – Building Fund - CBA - 33,271

Cash at Bank – 24 hr Call – CBA - 534,886 Cash At Bank – Building Fund- Westpac 38,711 - Cash At Bank – Business Acc.- Westpac - 159,678 Cash At Bank – Cash Reserve - Westpac 1,127 349 68,849 752,928

(b) Reconciliation of Net Cash Provided by Operating Activities to Operating Surplus

2015 $

2014 $

Surplus/(Deficit) 18,566 (247,573)

Non Cash Flows in Operating Surplus/Deficit Depreciation 2,016,470 2,051,091

Decrease/(Increase) in operating receivables (131,083) (10,931)

Decrease/(Increase) in inventory 58 (6,168)

Decrease/(Increase) in prepayments (110,079) 103,680

Increase/(Decrease) in payables & accrued expenses 1,996 (137)

Increase/(Decrease) in fees in advance 8,840 29,637

Increase/(Decrease) in provision for employee entitlements 211,382 352,686

Net Cash Provided by Operating Activities 2,016,150 2,272,285


Page 14




Note 7: Reserves 2015 $

2014 $

Capital Grants Reserve:

Balance at beginning of year 6,663,908 5,935,137

Add Net Capital Grants Reserve from SCCC - 1,214,963

Transfer (from) / to Reserve (238,552) (486,192)

Balance at end of year 6,425,356 6,663,908

Asset Revaluation Reserve

Balance at beginning of year 9,734,000 9,734,000

Net Gain On Revaluation of Land & Buildings - -

Balance at end of year 9,734,000 9,734,000

Total Reserves Balance at end of year 16,159,356 16,397,908 The capital grants reserve is held in recognition of grants received for capital purposes. There is a requirement for these grants to be refunded, on a pro rata basis, should the entity cease operations within a 20 year period after the receipt of the grant. The entity therefore recognises the grant as income and transfers the entire grant from retained earnings to the reserve in the year it is received and then transfers 5% from the reserve into retained earnings annually. SCCC represents South Coast Christian College.

2015

$ 2014

$ Note 8: Provisions Current Long Service Leave expected to be paid in current year 97,433 44,286 Long Service Leave not expected to be paid in current year 1,303,272 1,018,555 Annual Leave 136,333 115,567 Maternity Leave 8,321 19,511 1,545,359 1,197,919 Non Current Long Service Leave 233,786 369,842


Page 15



for the year ended 31 December 2015 Note 9: Cash Flows

(a) Reconciliation Of Cash

For the purpose of the Statement of Cash Flows, the entity considers cash to include cash on hand, in banks and investments in money market instruments. Cash at the end of the reporting period as shown in the Statement of Cash Flows is reconciled to the related items in the Statement of Financial position as follows:

2015 $

2014 $

Cash on Hand 1,600 1,600 Cash at Bank – General Account – CBA 27,411 23,144 Cash at Bank – Building Fund - CBA - 33,271

Cash at Bank – 24 hr Call – CBA - 534,886 Cash At Bank – Building Fund- Westpac 38,711 - Cash At Bank – Business Acc.- Westpac - 159,678 Cash At Bank – Cash Reserve - Westpac 1,127 349 68,849 752,928

(b) Reconciliation of Net Cash Provided by Operating Activities to Operating Surplus

2015 $

2014 $

Surplus/(Deficit) 18,566 (247,573) Non Cash Flows in Operating Surplus/Deficit Depreciation 2,016,470 2,051,091

Decrease/(Increase) in operating receivables (131,083) (10,931)

Decrease/(Increase) in inventory 58 (6,168)

Decrease/(Increase) in prepayments (110,079) 103,680

Increase/(Decrease) in payables & accrued expenses 1,996 (137)

Increase/(Decrease) in fees in advance 8,840 29,637

Increase/(Decrease) in provision for employee entitlements 211,382 352,686

Net Cash Provided by Operating Activities 2,016,150 2,272,285


Page 16



for the year ended 31 December 2015 Note 10: Financial Instruments The school’s financial instruments consist mainly of deposits with banks, accounts receivable and payable, and borrowings. The totals for each category of financial instruments are as follows: Financial Assets 2015 2014 $ $ Cash and cash equivalents 68,849 752,928 Loans and receivables 459,119 328,035 Total financial assets 527,968 1,080,963 Financial liabilities at amortised cost Trade and other payables 1,473,654 1,471,659 Interest bearing liabilities 188,535 -

1,662,189 1,471,659

Note 11: Related Party Transactions/Directors Benefits Directors: The names of Directors who have held office during the financial year are:

Christopher Dean Peter Morison Mark Cutchie Allan Piening Brian Tucker Melissa Rumble Jeff Calway Louise Hood

A number of directors are parents of children currently attending the school and, therefore, receive tuition and other schooling services; fees are set for and paid by the relevant directors at the published, scheduled rates.

No director, a firm of which a director is a member or an entity in which a director has a substantial financial interest, receives remuneration from services rendered to the economic entity, in accordance with the entity’s constitution. The Chairman received an honorarium of $5,000 during the financial year, as provided for in the constitution, in recognition of costs incurred personally. Note 12: Superannuation

The Association participates in employer sponsored superannuation plans, which are defined contribution plans. Benefits provided under the plans are based on accumulated contributions and earning for each employee.

The Association contributes to the plans pursuant to the Superannuation Guarantee Scheme and Superstream legislation.


Page 17



for the year ended 31 December 2015 Note 13: Economic Dependency A significant portion of income is received by way of recurrent grants from the State and Australian Governments. Note 14: Association Details The registered office and principal place of business of the Association is 76 Balfour Road, Drouin, Victoria 3818. Note 15: Property, Plant & Equipment This table shows the movement in the carrying amount of each class of property, plant and equipment between the beginning and the end of the current financial year.

Land $

Buildings $

Plant and Equipment

$

Work in Progress

$

Total $

Balance at Beginning of the Year

1,855,000 28,027,406 2,155,427 388,173 32,426,006

Transfers - 301,733 - (301,733) - Additions - 374,027 1,080,637 1,664,490 3,119,154 Disposals - - - - -

Depreciation Expense - (1,266,658) (749,812) - (2,016,470) Balance at End of the

Year 1,855,000 27,436,508 2,486,252 1,750,930 33,528,690

Note 16: Commitments As at the 31/12/2015 Chairo Christian School was committed to paying 2 separate building contracts for work that had not yet been completed as at the 31/12/2015. For the Pakenham Middle School Building project there was a balance of $265,730 to pay to the supplier Stockwood Building Group representing the final 40% of the building contract. For the Design & Technology Building project at Pakenham there was a balance of $427,419 to pay to the contractor Stockwood Building Group representing 31% of the building contract. Note 17: Key Management Personnel The aggregate compensation, including superannuation and allowances, made to key management personnel of the Incorporated Association is set out below: 2015 2014 $ $ Aggregate Compensation 343,945 338,614


Page 18




Directors’ Declaration In accordance with a resolution by the Directors of Warragul District Parent-Controlled Christian School Association Incorporated, the Directors of the Association declare that:

1. The financial statements and notes, as set out on pages 1 to 17, are in accordance with the Associations Incorporation Reform Act 2012 and the Australian Charities and Not For Profits Commission Act 2012 and:

a. Comply with Australian Accounting Standards – Reduced Disclosure Requirements; and b. Give a true and fair view of the financial position of the Association as at 31 December 2015 and of its performance for the financial year ended on that date; and

2. There are reasonable grounds to believe that the Association will be able to pay its debts as and when they become due and payable.

Signed in accordance with subsection 60.15(2) of the Australian Charities and Not-for-profit Commission Regulation 2013: : Chairman Mr. Jeff Calway : Treasurer Mr. Chris Dean Dated at Drouin this day of May 2016

Documents

Annual Report - Chairo Christian School