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2012–2013 PICKERING COLLEGE report card

PC report card 2013 fnl - Pickering College...2 2012 –2013 Pickering College Report Card MESSAGE FROM THE CHAIR As Chair of the Strategic Planning Committee, I am delighted to report

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Page 1: PC report card 2013 fnl - Pickering College...2 2012 –2013 Pickering College Report Card MESSAGE FROM THE CHAIR As Chair of the Strategic Planning Committee, I am delighted to report

2 0 1 2 – 2 0 1 3 P I C K E R I N G C O L L E G E

report card

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INTRODUCTION

We are pleased to present our 6th Annual Report Card, reporting on the successes andachievements of the school year 2012-2013.

Once again this year the Report Card has three distinct sections. The first is a report on the progress of PC’s Strategic Plan. The second section is the presentation of our key performance indicators (KPIs) in the six uniqueareas that define healthy schools. The third section is our financial accountability report,including a summary of our financial statementsfor the fiscal year 2012-2013. Overall, we believe this provides a detailed, informative, comprehensive and transparent account of the well-being of the school in a broad range of areas.

We are particularly pleased with our progress this past year. Our Key Performance Indicators reveala high level of success in many significant areas of the school and show a level of accomplishmentas good as or better than any year previously. Board, administration, staff and parent leadershipand participation are robust and provide a solid foundation for the programs and plans we areundertaking. Student achievement is outstanding – in all areas of school life – ensuring our graduates are well prepared for success after they leave the school. In addition, engagement andsatisfaction among all constituents has never been higher. All of these things strengthen theschool, our financial position and our sustainability into the future.

In addition, our strength in all of these areas provides a solid foundation for the implementation of our strategy for the future. We are exceedingly well positioned to move forward. The roll out of our Global Leadership Program and Facilities Master Plan attest to the innovative, creative andbold steps we are taking to more clearly define ourselves and our unique qualities while preparingourselves and our students to meet the future with fervour.

We hope you enjoy and benefit from reading this Report Card. As always, your feedback andcomments are greatly appreciated and help us to do an even better job with each passing year.

Thank you for your continued interest in and support of Pickering College.

Peter Sturrup, Headmaster

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2 2012 – 2013 Pickering College Report Card

MESSAGE FROM THE CHAIR

As Chair of the Strategic Planning Committee, I am delighted to report on the work that has been done this past year on PC’s five-year strategic plan. We have continued to see momentum build in manyaspects of the plan and implementation is well underway.

PC Highlights from 2012-2013The aim of PC’s Strategic Plan is to provide an inspired learning environment for our students, innovativespaces in which to learn and grow, an outstanding environment for our faculty and staff and an unparalled community experience that engages everyone in a lifetime relationship with the school.

Pickering College is on the threshold of a new phase in its remarkable history. The past three years haveseen much work on the strategic plan and, more recently, a significant shift from planning to majorimplementation in our academic program and our physical space.

Highlights include:

• Professional development for our faculty on 21st-century skills: assessment and evaluation, andunderstanding by design;

• Implementation of five key 21st-century skills for Pickering College students: communication, collaboration, character, creativity and critical thinking in all curriculum, JK to Grade 12;

• Launch of our Middle School program;

• Launch of our Outdoor Education program at the Blue and Silver Farm;

• Launch of our Leader in Residence program;

• Launch of our Global Leadership Program; and

• Development of our Facilities Master Plan.

In April 2013 the Board made three important decisions that bring clarity to, and support, our strategicdirections:

• Pickering College will remain in its current location;

• The school will continue to be a small school, growing to just under 500 students; and

• Pickering College will remain a day and boarding school, recognizing the critical importance of theinternational boarding community and national community to our goal of creating global citizens.

The Facilities Master Plan is a bold and ambitious plan – it is also thoughtful, detailed and has been well researched and prepared. With the PC Board of Directors’ endorsement, we are now ready to moveforward and realize our vision.

Charles Beer, Chair Strategic Planning Steering Committee

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STRATEGIC PLAN

3

2012-2013 Priorities Achieved4 Oversee and manage implementation of Year 3 of PC’s Strategic Plan

4 Conduct mid-plan assessment with all task forces

4 Continue to broaden engagement with the Pickering College community

Priorities for 2013-20144 Approve the Facilities Master Plan and establish funding program to support implementation

4 Begin implementation of the Global Leadership Program with particular focus on definingcriteria for the Pickering College Global Leadership Diploma

4 Execute an engagement plan with all members of the Pickering College community thatcontinues to inspire our community to be involved with the successful implementation ofthe strategic plan

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4 2012 – 2013 Pickering College Report Card

INSP IRED STUDENTS

2012-2013 Priorities Achieved4 Begin implementation of Middle School program

4 Review the research of the task force and create theGlobal Leadership Program

4 Develop Leadership Succession Plan

Ongoing Priorities4 Define components of new PC Global Leadership

Diploma

4 Review and plan for implementation of Co-CurricularDistinction

Priorities for 2013-20144 Ensure alignment of all programs (residential,

co-curricular) and curriculum with the goals of theGlobal Leadership Program

4 Develop an Outdoor Education Program that capitalizes on the use of the Blue and Silver Farm

4 Develop a technology plan for teaching and learning JK to Grade 12 that includes benchmarks for technological skills from JK to Grade 12

Our graduates will need to be

critical thinkers, risk-takers, strong

communicators and creative

problem solvers who are adaptable,

self-confident and globally aware.

To inspire and equip our students,

we need to continue to deliver a

challenging and engaging program

that reflects the continuous pursuit of

academic excellence and one that

purposefully nurtures and develops

leadership, creativity and social

responsibility. Students discover and

ignite the passion within themselves

through co-curricular programs

such as the arts, athletics, clubs and

community service that more fully

integrate 21st century skills.

We will sustain and build on the

special strengths our community has

identified: the personal and individual

attention we provide our students;

the safe, supportive and respectful

environment; and the diverse

cultures and experiences within our

community, including leveraging the

strengths of our boarding program.

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PC Highlights from 2012-2013

4 For the first time ever, Pickering College attended the prestigious University of Toronto Model UnitedNations Conference, held this year in February. PC represented mainly the Syrian and Pakistan delegations. Participants from PC included StilinaAnagnostakos, Taylor Foote, Justin Frando, RyanGauley, Megan Gillman, Jeremy Hare, JadenLithopoulos, Raina Mallory, Emily McMahon, Anthony Miller, Alex Mondrous, Shiori Ono, AidanSlind and Nicholas Sopuch.

4 Five students attended the Canadian StudentLeadership Conference in Weyburn Saskatchewan in September 2012: Katie MacPherson, Nick Sopuch,Mo Kara, Charly Coleman, and James Hare.

4 Middle School Leadership Conference held at BarkLake in Haliburton. Lauren Cinq-Mars, Kaitlyn Beswickand Hannah Floyd attended representing PickeringCollege.

4 Six Pickering College students received the Duke ofEdinburgh Award – Alyssa Chin received her Goldlevel award, Nicholas Sopuch received his Silver levelaward, and Michaela Prefontaine, Ryan Kaszuba,Margaret Montgomery and Kyle Fresco received their Bronze level award. Shannon Cumiskey, class of2012 also received her Gold level award.

4 Pickering College students once again participated at the Global Ideas Mentorship Program at theUniversity of Toronto for 2012-2013 year: StilinaAnagnostakos, Raina Mallory, Fernando Casanova,Isaac Hambrock and Nico Macias worked on an innovative collaborative project. The program provided an opportunity for top high school studentsto work together with University of Toronto professorsand graduate mentors throughout the year on a “real-world” problem, culminating in a one-day symposium where students presented their findings,analysis and potential solutions to “scaling up” the production and distribution of micronutrient powder to solve malnutrition.

4 During the Fall term, 17 students took part in theCanadian Intermediate and Senior Math Contestssponsored by the University of Waterloo. In theIntermediate level contest, we had three students finish in the top 25% and receive Certificates ofDistinction. Mary Yin, Peter Yang, George Yu and

our top finisher who earned 48 out of 60 marks and placed 201/4411 contestants – Ben Qiu. These students, along with Grade 7 students PatrickProchaska and June Gleed earned a team score of 220 and finished 7th in our area and 44th out of 262 schools in Ontario. In the Senior level contest, wehad four students finish in the top 25% and receiveCertificates of Distinction. Betty Lu, Kevin Tan and ourtop finisher who earned 53 out of 60 points andplaced 147/4228 contestants – Joe Li. These students,along with Kevin Ma, earned a team score of 220 and finished 10th in our area and 48th out of 291schools in Ontario.

4 Grade 4 student Phillip Carson placed 1st overall in his age group in the “Provincial Qualifier” at the Toronto Gymnastics International in Etobicoke in January.

4 Competing at OFSAA Golf provincial athletics championships: June Gleed.

4 Nine students entered artwork in the 9th AnnualTown of Newmarket Art Exhibit: Meg Gillman,Mairead Mulroy, Matthew Marchese, Betty Lu, MollyBerman, Nadine Vessio, Jocelyn Chan, and Mary Yin.Mairead won the Acrylics category with “Colour MyHouse” and Matt Marchese earned an HonourableMention in Acrylics for “Nature’s True Colours.”

4 Student and staff participation in “Movember” in2012 raised $2,700.

4 Grade 12 student Kristen Munro and her synchronizedskating team, Shiver, won a Bronze Medal at theWinterfest competition in Mississauga on the weekendof January 5-6.

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INSP IRED STUDENTS (Continued)

4 The Debate Team, or Polikon club, came back to PC a 40-year hiatus. We are now official members of theCanadian Independent School (CIS) Fulford DebateLeague. On February 28, Pickering College was honoured to host the 2013 English Speaking UnionHigh School Public Speaking National Qualifier, sponsored by HSBC.

4 18 students participated in the annual Duke ofEdinburgh dogsledding expedition in February.

4 Six students were chosen to represent PickeringCollege at the 2013 Judge's Cup, York Region's HighSchool Mock Trial Competition, held on MondayFebruary 25th at the Newmarket Courthouse.

4 Alumna Gabrielle Daleman '16 was part of the World Team Trophy event taking place in Tokyo from April 11-14, 2013. Finishing her first ever seniorinternational event, 15-year-old Gaby moved up one

place to finish 11th overall in a very strong ladies field.Canada took home the silver medal at the ISU WorldTeam Trophy at the Yoyogi Stadium in Tokyo, Japan.

4 Grade 7 student Zachary Daleman was 1st at 2013 Skate Canada Central Ontario Sectionals, 1st at the 2013 Skate Canada Challenge and 1st at theMladost Trophy in Zagreb Croatia. He was selectedCompetitive Skater of the Year for Skate CanadaCentral Ontario for the 2012-2013 season.

4 On March 26, 2013, Mayor Tony Van Bynen andMembers of Council for the Town of Newmarket honoured both Gabby and her brother Zack by recognizing them for their achievements in skating.

4 Team King (a team of 11 students) who participatedin the Run or Walk for Southlake raised $2,700.Pickering College was recognized as the top school participating.

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4 Mathlympics Team: Nupur Krishnan, PatrickProchazka, Matthew McGill and Kairav Juta.

4 Grade 5 student Andrew Rideout - recognized for 1st place in the CAIS Public Speaking competition that took place at Holy Trinity School.

4 Patrick Prochazka placed first at the York RegionScience Fair and went on to compete in Lethbridge,Alberta at the National Science Fair.

4 We participated in Reach for the Top with the JuniorTeam of Grant Kavanagh, June Gleed, Michael Sud,Redmond Gole, Alexis Egi, Leilah Mouna and KevinTan, and Senior Team: Aidan Slind, Kayli Demirli, Isaac Hambrock, Katie MacPherson, AnastasiaMacDougall and Jaden Lithopoulos, with the Senior Team placing 8th overall.

4 In May, the Pickering College Junior Jazz Band earnedGold at the 41st annual MusicFest “The Nationals”competition. Grade 8 Student Mark Barratt was presented with the MusicFest award for demonstrating exceptional musical skill.

4 Middle School Concert Band participated for the first time in the Ontario Concert Band Association inFebruary, earning a Silver ranking.

4 Heritage Festival Junior Jazz Band (Chicago) under the direction of Mr. Patrice Barbanchon earned SilverAchievement. The senior guitar ensemble earned Gold.

4 Grade 11 students Elle Henry and Nicola Shaw wonthe first annual Farmer Environmental Stewardshipaward, recognizing students nominated by their peersas models of green action and awareness. The Awardcame with a $1,000 “green grant.”

4 The Junior School’s Youth Engagement Organizationraised $700 which paid the tuition for 13-year-oldKenyan student Margaret Wamuyu through The Small Project.

4 Our first Co-Ed Golf Team officially entered into theCISAA and played in four tournaments over thecourse of a very wet spring. The end result wasextremely promising: our Senior Girls’ team, consisting of June Gleed and Grace Hilton, receivedSilver Medals for an outstanding performance. Gracealso received a Silver Medal for the second lowestscore at the Championships. James Quinn-Rabot also finished in the top ten that day.

4 The Equestrian Team received the honour of Top Team at the Lakefield School Horse show in its first year of competition.

4 PC’s Junior Girls’ Badminton team won Top SinglesTeam at the CISAA Championships.

4 U14 Girls’ Volleyball won gold; Curling, Junior Girls’ Volleyball and Junior Girls’ Soccer brought home silver medals.

4 This past February, 48 of our students in Grades 9, 10 and 11 tackled the University of Waterloo Pascal,Cayley and Fermat contests along with about 55,000students from around the world. They had one hourto complete 25 math problems of varying difficulty in the quest to earn up to 150 marks. In Grade 11,finishing above the average score of 90 were AlyssaBlack and Nico Macias. Earning a certificate of distinction for placing in the top 25% of contestantswas Ivy Zhang and our top finisher earning the schoolmedal is Ben Qiu. In Grade 10, finishing above theaverage of 91 were Maurice Berleth, Ada Wang, VivianXin and Sara Sun. Earning a certificate of distinctionwere Molly Berman, Eddie Han, Robert Yu, Betty Luand our school medal winner Joe Li. Joe’s score of 128 places him 206th out of 6570 students in Ontarioand earns him a place on the provincial honour roll.

7

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8 2012 – 2013 Pickering College Report Card

INSP IRED STUDENTS (Continued)

4 In Grade 9, finishing above the average of 97 wereTiffany Mok, Tyler McKay, Chris Sud, Leilah Mounaand Charles Hsieh. Earning a certificate of distinctionwe had Mandy Coleman, Rennie Ip, Stephanie Scott,Patrick Prochazka, Snow Chen, Kevin Tan, and ourschool medal winner Simon Park. Simon’s score of134 places him 190th out of 7800 students inOntario. Both Kevin and Simon earned a place on the provincial honour roll for their scores and alongwith Snow, their team score places them 49th inOntario which earns them a spot on the contest team honour roll.

4 In April, we had students in Grades 9-12 write a series of math contests sponsored by the University of Waterloo that require full solutions (Fryer, Galois,Hypatia and Euclid).

4 Ten Grade 7 students and 20 Grade 8 students participated in the Gauss Math Competition. PatrickProchazka earned a perfect score and Roy Oh was atop finisher for his grade level.

4 In Grade 9, earning an above average result was SnowChen. Earning a certificate of distinction for achievingthe Bronze Standard (top 25%) was Mandy Colemanand Tyler McKay.

4 In Grade 10, earning an above average result was BettyLu. Earning a certificate of distinction for achieving theBronze Standard was Joe Li. Earning a certificate of distinction for achieving the Silver standard – placinghim in the top 12% of contestants was Eddie Han.

4 In Grade 11, earning a certificate of distinction forachieving the Bronze standard was Ben Qiu. Earning a certificate of distinction for achieving the Gold standard – placing her in the top 4% of contestantsand ranking her 84/4156 students was Cynthia Zhang.

4 In Grade 12, with over 17,000 students writing the contest, earning above average results wereAdam Wang, Charly Coleman, and Jack Shi. Earning a certificate of distinction for placing in the top 25% of contestants we had Mary Yin, Leo Zhu, Kevin Ma,Cynthia Zhang and our top scorer who earned a place on the contest honour roll by finishing in the2% of contestants and winner of the school medal,Aston Yang.

4 Grade 10 students Holly Rouselle and Shayna Nichollspresented a cheque for $5,000 to the JenniferAshleigh Children’s Foundation, as part of the YouthPhilanthropy Initiative.

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4 Best Narrative Film – The Bridge Film Festival, Brooklyn,NY: The Master Plan (Directed by Meagan Fitzgerald,Produced by Kyle Foch, also Nathan McGrogan, RobPrittie, Justin Frando, Nick Polycandriotis, HaydenStaines, Kate Zonova, Adam Wang, Daisy Ren).

4 Best Documentary Film – 1st Place – Multimedia FilmFestival of York Region: Dreams (directed by AdamWang, produced by Adam Wang and Daisy Ren).

4 Best Drama Film – 3rd Place – Multimedia Film Festival of York Region.

4 Film Festival Finalists Multimedia Film Festival of YorkRegion: The Master Plan directed by Meagan Fitzgerald,Produced by Kyle Foch, also Nathan McGrogan, RobPrittie, Justin Frando, Nick Polycandriotis, HaydenStaines, Kate Zonova, Adam Wang, Daisy Ren; Dreamsdirected by Adam Wang, produced by Adam Wang andDaisy Ren); and The Professional directed by JessicaScrymgeour, produced by Shannon Hamilton, AlexSpence, Tom Hagias, and Daniel Yang.

4 Keep It Virtual directed by Kyle Foch, produced byJustin Frando, Nick Polycandriotis, Nathan McGrogan.

4 Jump Cuts, (TIFF, Toronto): The Professional directedby Jessica Scrymgeour, produced by ShannonHamilton, Alex Spence, Tom Hagias, and Daniel Yang.

4 Roxy Youth Film Festival: Drugs and Alcohol by KyleFoch, Nathan McGrogan, Justin Frando, Kate Zonova.

4 Toronto Youth Shorts Festival: The Professional directedby Jessica Scrymgeour, produced by ShannonHamilton, Alex Spence, Tom Hagias, and Daniel Yang.

4 Grade 12 student Aidan Slind, as Regimental SargeantMajor of the Queen’s York Rangers Army Cadet Corps,led his Corps to placement as both the best largecadet corps in Central Ontario Region and in Ontariooverall. The Rangers received both the Cleery and Strathcona awards for exceptional effort andachievements in 2012 –2013.

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EXCEPT IONAL LEARNING SPACES

2012-2013 Priorities Achieved4 Develop recruitment strategy to increase

enrolment to exceed 2011 targets, diversify population and begin preparing for enrolmentgrowth

4 Complete Phase 1 of Facilities Master Plan, focusing on Pillars Restoration and accessibility

4 Launch Phase 2 of Facilities Master Plan

Priorities for 2013-20144 Begin implementation of recruitment strategy

to increase enrolment to meet current capacityand prepared for future growth

4 Approve Facilities Master Plan in principle

4 Undertake Rogers House roof restoration

PC Highlights from 2012-2013

4 PC's Board of Directors decided that the school:

– Remain in PC’s current location inNewmarket

– Stay a small school, growing to no morethan 500 students

– Continue as a day and boarding school,maintaining a 75% day / 25% boarding student population

4 The school:

– Defined its primary and secondary targetmarket through extensive market research

New spaces will allow us to create a

21st century learning environment

where our students are inspired to

learn, grow and excel. Pickering

remains committed to: keeping

a strong sense of community,

developing the whole child, safety

and security, sustainability,

accessibility, state of the art

educational design, appropriate

use of technology, Quaker design

principles, support for alternate

revenue generation, and strong

relationships with our local

community.

We also know that everything

we do must be greener, modelling

environmental responsibility for our

students and reducing our school’s

environmental footprint.

While we have a wonderful campus,

the time has come to step forward

and consider how best to renovate

and build our facilities for the future.

10 2012 – 2013 Pickering College Report Card

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TRANSFORMATIONAL PARTNERSHIPS

2012-2013 Priorities Achieved4 Launch Leader-in-Residence program

4 Create a three-year operating budget including fundraising goals to generate surpluses while completing capital financial plans

Ongoing Priorities4 Create the PC Case for Support

Priorities for 2013-20144 Develop and implement funding plan to support

Facilities Master Plan

4 Establish key transformational partnerships to supportthe Master Plan and Global Leadership Program

PC Highlights from 2012-2013

4 Hosted Newmarket Celebrates the Arts Gala

4 Hosted Canadian Cancer Society Relay for Life in June 2013

4 Hosted Special Olympics track meet, supplying generator use and the sound system for their events

4 Hosted Bereaved Families of York Region’s annualMemory Tree of Light Remembrance Ceremony

4 Participated in the Town of Newmarket Santa Claus Parade

4 Hosted VIP reception for Celebration on Ice

4 Supported 14.4% of our student population withfinancial aid with an average award of $10,971

4 Participated in the Town of Aurora Street Fair in June 2013

4 Began partnership with the Lake Simcoe RegionConservation Authority and York Region to enhanceoutdoor education and environmental awarenessactivities for our students

Developing strategic and

meaningful partnerships is

essential to achieving our plan and

providing a model for our students.

Partnerships bring the world to

Pickering and provide new

opportunities for our students

and additional resources for our

programs.

We are located in a fast-growing

and dynamic region and we are

developing closer ties with our local

communities. We are excited about

future growth and partnership

opportunities and we believe that

connecting to and working with

communities and partners locally,

nationally and globally will be vital

to our future success.

There is something very special

about Pickering College. The

moment you walk through the

doors, you can feel a strong sense

of community. Our story is a

special one that needs to be shared

more broadly, enhancing local

and global awareness of our unique

strengths.

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Organizations that Pickering College students and staff have served 2012-2013

Amnesty International

Aurora Youth Soccer Club

Bereaved Families of York Region

Beta Sigma Phi Sorority

Big Brothers Big Sisters

Canadian Association for Riding for the Disabled

Canadian Blood Services

Canadian Cancer Society

Canadian Olympic Committee @ 2012 Olympic Games

Centre for Dreams – Markham

CHOP-FM

Free the Children

Habitat for Humanity

Heart & Stroke Foundation

Holiday Home Tour

Holland-Bloorview River Clean Up

Inn from the Cold

Me to We – Kenya

Movember Foundation

Neighbourhood Network

Newmarket Arts Gala

Newmarket Chamber of Commerce

Newmarket Food Pantry

Newmarket Hurricanes

Newmarket Minor Hockey Association

Newmarket Ringette Association

Ontario Pioneer Camp

Operation Red Nose

Our Lady of Grace Roman Catholic Church

Peer Tutoring

Pickering College

Queens York Rangers Army Cadet Corps

Relay for Life – Newmarket

Rose of Sharon

Scientists in School

Southlake Regional Health Centre

The Giving Tree

Toronto Chinese Language & Culture School

Town of Aurora

Town of Newmarket

Upper Canada Chorus

Variety Village

War Child

Weekend to End Women’s Cancers

Whitchurch Stouffville Museum

Whistle Radio – Stouffville

Yellow Brick House

York North Basketball Association

12 2012 – 2013 Pickering College Report Card

LEADERSHIP Members of the Pickering College community continue to provide leadership influence on independent school education in Canada and beyond.

4 Nicole Murphy, Assistant Head, Finance andOperations, and Headmaster Peter Sturrup, travelled to Lennoxville, Quebec to lead a Canadian AccreditedIndependent Schools (CAIS) accreditation team ofBishop’s College School.

4 Chantal Gionet, Assistant Head, Academics, was amember of the team that visited Ashbury College inOttawa for a CAIS accreditation.

4 Peter Sturrup also travelled to the Headmaster’sAssociation Annual Conference to deliver a keynotespeech representing Canadian independent schoolswhile continuing to serve as a Board member for CAIS and Chair of the Standards Council.

4 Jessie-May Rowntree, Director of Admission andMarketing, served on the CAIS Boarding ProjectMarketing Committee.

4 Kim Bilous, Executive Director, Development, served onthe Trinity College Environment Committee, Universityof Toronto, and the Natural Burial Association.

4 Kim Bartlett served as an Instructor for the OntarioInstitute for Studies in Education at the University ofToronto in History and Social Sciences. She was alsorecognized by Canada’s History Society with a bookprize for educational work in Canadian History.

4 Graham Birt delivered a workshop entitled “Developing Leadership Through Physical Education”to approximately 300 professionals at the 2013American Alliance for Health, Physical Education,Recreation and Dance (AAHPERD) National Conventionin Charlotte, North Carolina. He served as Advisor for2015 Pan Am Games Organizing Committee and is co-author of “Learn, Think, Move: Physical Literacythrough Games and Sport” (a new resource publishedby Physical and Health Education Canada).

4 Marc de la Bastide served on the OrganizingCommittee for the York Region Mock Trial Judges Cup.

4 Tim Beers served on the Council for the MultimediaFilm Festival of York Region.

4 Steve Cope served as a board member of the COPEservice dogs organization, an organization that teacheshigh school students with learning difficulties to traingolden retrievers to work with handicapped people.

4 Alana Simon, Manager of Annual Giving, served asVice-Chair, Newmarket Young Professionals Group,Newmarket Chamber of Commerce. She also served as Workplace Liaison for Smart Commute Central York.

4 Laura Mason, School Nurse, presented at the 9thAnnual Summit on Emergency and Disaster Planningfor Colleges, Universities, and K-12 Schools in Torontolast October. She serves as a member of the CAISNational Engagement Forum on Risk Management –updating the CAIS guidelines.

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LEADERSHIP Key Performance Indicators (KPI) 2008 2009 2010 2011 2012 2013 Target

% of board members contributing to annual giving 100 100 100 100 100 100 100

% of corporation members contributing to annual giving 58 54 74 72 74 80 100

% of Board members serving full term (3 years) 100 100 90 90 100 70 100

Average # of years in senior administrative positions in total 9.8 10.2 12.25 14 15 16 Maintain

% of senior administrators (Management Team) promoted from within 50 43 50 50 50 67 67

# of students in formal leadership activities 66 77 96 93 88 96 TBD

% of school goals accomplished 83 91 85 90 85 100

LEADERSHIP

Healthy schools are leaders in education; they have a strategic board, strong leadership from the headmaster and senior administration, a community of leaders among the faculty and staff, and opportunities for learning leadership for the students. Healthy schools have a manageable number ofunderstood, commonly shared goals, a culture where disciplined thought and action meet, collaborativeand democratic planning and decision making, and high expectations of all in the community.

Commentary:

Leadership remains at the heart of the school and the work we do. Board and Corporation leadershipthroughout the implementation of the Strategic Plan has been inspiring and the increasing commitment to the school, as measured by support for annual giving, demonstrates to the entire school community their dedication to the school and our ambitious goals. The higher than usual turnover in Board membersbrought with it an injection of new perspectives and skills that have been crucial in the delivery of our strategy. And the KPIs for both staff and student leadership reflect the continued development of leadershipskills across our entire community.

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14 2012 – 2013 Pickering College Report Card

UNIQUE QUAL ITY

Healthy schools have a broadly understood Mission and a shared Vision; they have a strong sense ofcommunity, guided by a unique purpose for which all members are passionate, and about which theybelieve they can be unequalled. Healthy schools offer unique learning opportunities not necessarily available at other schools.

UNIQUE QUALITY Key Performance Indicators 2008 2009 2010 2011 2012 2013 Target

# of community organizations that PC serves or supports through student/staff volunteering, financial support or facilities availability 35 112 133 143 88 48 Maintain

Average class size 15.5 14.9 14.6 14.4 14.1 14.2 16 - 18

% of employees who believe there is a greater purpose to the school than just ‘educating students’ 89 90 86 89 90 92 90

# of countries of citizenship of our students 30 28 24 21 23 Maintain

% of graduates exceeding PC Community Service hours requirements (60 hours) 70 80 88 90 73 80 Maintain

# of unique programs at PC 6 8 8 8 8 Maintain

Commentary:

In an ever-increasingly competitive educational market, it is critically important for independent schools to be distinguishing themselves from one another and from public schools. Pickering College’s unique quality is founded in its Quaker heritage, its sense of community, its focus on values education and serviceto others, its international boarding program and its innovative approach to program delivery. While measuring “uniqueness” is always a little problematic, the KPIs listed above capture some sense of whatallows our school to stand apart from others.

It is always refreshing to review the annual staff satisfaction survey and see the response to the questionabout whether staff believe we serve a greater purpose than “just educating students.” When 92% of ourstaff believe that, it is a sign that not only do they see the mission coming to life in the job they do eachday, but that what they do at Pickering College has purpose and meaning. When one can believe that,then one finds great satisfaction in the work they do.

Our other KPIs – that reflect service, community, and diversity – all remain strong.

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PEOPLE Key Performance Indicators 2008 2009 2010 2011 2012 2013 Target

Average faculty teaching experience 12.25 12.5 13 13 14 13.7 12-15

% of budget for professional development 0.9 0.8 0.5 0.5 0.5 0.6 1-2

% of operating budget dedicated to people 69.4 68.5 67.7 67.9 66.3 67.0 70

% of annual staff turnover 7.5 12 6.2 8 11 10 8

Faculty compensation as a % of YRDSB Secondary grid 100 99 96 98 100 100 100

% of faculty who believe learning for all employees is encouraged at the school 93 83 75 95 100 89.8 80

PEOPLE

Healthy schools focus on their people – faculty and staff, creating a professional, growth-oriented, collaborative culture focused on learning, in which all members feel respected and encouraged in anenvironment that embraces fun. Healthy schools have dedicated, passionate, high-quality staff forwhom professional development and long-term sustainability are keys to motivating students andpreparing them for success in post-secondary education, in the global community, and in life.

Commentary:

Some degree of continuity of staff is an important indicator of any organization’s health, since longer-termemployees contribute to building the desired culture, save costs of recruiting and build institutional memory.Although staff turnover seems high at 10% (11 staff), five of the departures were Associate Faculty, whowhile performing a vital function in our school environment, are drawn away to public schools by the promiseof full-time employment. One of our staff, sadly, passed away suddenly and another long-term teacher retired.

Although the school continues to invest a considerable amount in professional development, and that investment increased this year, it still remains below the level of prior years before cost-savings were required.Our approach to professional development has shifted somewhat, with more in-house expertise used and staff bringing back what they learned and sharing it with colleagues. Although this is often more effective,and more cost-effective, many staff are more used to the traditional model of professional development being equated with courses, conferences and workshops. Needless to say, this may reflect the decline in theperception of faculty who believe learning for all employees is encouraged at the school.

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STUDENT ENGAGEMENT IN LEARNING

Healthy schools have a focus on program excellence, one-of-a-kind offerings, extraordinary co-curricularofferings, and high expectations of the students in a way that seeks to educate the whole child. Healthyschools engage and support their students with a challenging, integrated curriculum that emphasizesand recognizes academic achievement, athletic involvement, artistic expression and character develop-ment. Healthy schools have a commitment to the health and safety of all members of their communityand create a supportive, nurturing learning environment in which it is okay to excel.

STUDENT ENGAGEMENT IN LEARNINGKey Performance Indicators 2008 2009 2010 2011 2012 2013 Target

% of grads accepted to post secondary institutions 100 97 97 100 100 100 100

Full school retention 90 87 89 84 85 89.6 92

Boarding school retention 76 69 74 60 77 77.3 75

% of graduating class who are Ontario scholars 66 75 66 80 88 83 60

% of all students involved in co-curricular program 97 97 99 97 97 98 97

% of Grade 7 to 12 Students on the Headmaster’s Honour List 49 57 45 63 65 61.4 50

Commentary:

It was an outstanding year for our students. The previous pages reveal a multitude of academic and co-curricular highlights and the KPIs above reveal that the school continues to inspire our students to achieve great things.

We are particularly pleased with our student retention, always the most honest measure of parent and student satisfaction. While full school retention was almost 90%, day school retention actually topped 94% and boarding retention achieved our target of 77%. When one considers that this retention includesthose boarding students who only intend to attend for one year, it is another excellent indicator of thedegree of satisfaction our boarding families have with the school.

We had an another outstanding graduating class, 83% of whom were Ontario Scholars and all were accepted to the university or college of their choice. This year we also began the CAIS National TrackingProject, so that we will be able to measure our graduating students success in university and compare that success to the national trends.

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COMMUNITY ENGAGEMENT Key Performance Indicators 2008 2009 2010 2011 2012 2013 Target

Admission Yield Rate – new students enrolled as a % of the number of students accepted 67 70 66 64 71 65.6 77

Offers Made per Application –# of students who are offered a position at the school as a % of the total # of applicants 74 96 87 82 78 73.6 60

Market Demand –# of applications per opening 2.1 to 1 1.5 to 1 1.7 to 1 1.6 to 1 1.71 to 1 1.3 to 1 2.5 to 1

% of alumni making a gift 4 2 3 4 3.4 4 4

% of parents making a gift 29 26 48 42 42 44 65

% of staff making a gift 48 55 54 60 81.5 80 80

% of audience opening PC Connects 53.1 52 50 50 53.6 TBD

COMMUNITY ENGAGEMENT

Healthy schools are characterized by a strong reputation and involvement with their broader community, created through community outreach, encouraging parental and alumni involvement and support and collaborative planning, decision-making and communication.

Commentary:

Community Engagement... reputation... is a difficult thing to measure directly. Thus the KPIs on this page are really just proxies (substitutes/representations) for anything that can truly measure reputation. In this case, the KPIs are related to admissions activity and support for the school through Annual Fundparticipation. With respect to Admissions, there are some interesting trends. In total we enroled 97 newstudents for September 2013 and met our budget targets as a result. The Admissions Yield rate droppedslightly, which is a reflection of the increasingly competitive nature of our independent school world.Moreover, it is a reflection of the importance of financial aid; whereby many of our offers of admission were declined because more financial aid was offered at a competitor school. On the other hand, the offers made per application are down, reflecting the school’s ability to be more selective in our offers andthereby enrolling the students who are most mission-appropriate.

Perhaps led by the incredible dedication of our staff yet again, support for the Annual Fund increasedamong parents and alumni. These investments not only make a significant difference to our operatingbudget, but they also reveal the great commitment our parents and alumni have for the well-being of the school.

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Healthy schools have a solid financial position and a strategic financial plan to ensure long-termsustainability.

FINANCEKey Performance Indicators 2008 2009 2010 2011 2012 2013 Target

Annual Operating Surplus as a % of operating expenses 4.3 1.6 -1.1 0.2 -4.7 2.5 3 – 5

% of Revenue from Parent fees 91 90 86.7 85.4 83.4 84.2 90

% of enrolment receiving financial aid 7.6 7.7 6.25 7.4 9.9 14.4 23

% Annual rate of return on endowments 6.1 2.5 3.7 3.6 4.0 7.6 6

% Annual tuition increase 5.0 4.5 2.5 3.9 4.0 5.0

Annual Fund ($) 289,926 361,043 387,000 398,000 400,000 380,000

Endowment ($) 229,835 68,911 147,000 190,000 225,000 252,000

underreview

underreview

underreview

Commentary:

Our year-end fiscal position reveals a year of significant turnaround from the previous year and improvedresults in almost every area. These results are explained in more detail in the Financial Accountability section that follows, but a few key points can be highlighted here. In particular, we are pleased that ouroperating surplus as a percentage of operating expenses reached its highest level since 2008. One of ourkey goals is to keep tuition revenue a smaller percentage of total revenue. Ironically, despite a 5% tuitionincrease, the proportion of revenues that comes from fees remains very low, reflecting a real commitmenton the school’s part to generate revenues from other sources and keep tuition as affordable as possible.

We are also very pleased with the return earned on our endowments. This provides more money to theschool to be able to fund financial aid – scholarships and bursaries – and the results reveal that more families than ever were supported by financial aid this year. The more we are able to do this, the more wecan focus on enrolling mission-appropriate students, despite the cost.

F INANCIAL POSIT ION

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Overview:The academic and fiscal year ending June 30, 2013has been a very successful one for Pickering College(PC). Our excess of revenue over expenses for theyear was $126,386 as compared to the prior yeardeficiency of ($988,568) and budget of ($223,620).

It is clear that the investment and execution of our Strategic Plan is working. Our budget was created in alignment with the Strategic Plan andwas based on the priorities identified through the strategic planning process. Growth in our enrolment numbers balanced with the investmentin our people and our programs, while increasingtraditional and new revenue sources has resulted in generating an operating surplus.

For the fiscal year 2013, PC targeted an excess of revenues over expenses of $188,380 beforeamortization, interest and unrealized gains andachieved an actual result of $383,631 (versus prior year deficit of ($499,989)). With our overalladmission being short of plan by two students, our surplus should have resulted in a miss to ourtarget. Instead, our auxiliary and other income revenue came above budget along with significantreductions in our facility costs and other discretionary spending, which allowed our overallsurplus to exceed target and prior year withoutcompromising our investment in our people and programs.

PC had planned on 387 students (374 students in2012) with 100 boarding students (87 students in 2012) and 287 day students (287 students in2012). Our actual enrolment for 2013 resulted in 385 students which was two students short of our target. While we exceeded our day students enrolment target by two, we fell short of our boarding enrolment by four. As a result this, theimpact would have hurt the planned surplus by$60,000. This outstanding achievement could not have been made without the incredible efforts of our Admissions Team.

Audit and Year End Results:The 2013 audit was successfully completed byGrant Thornton. As you review PC’s 2013 audited

financial statements, please note that the auditorshave provided a clean opinion.

For the 2013 year, PC is reporting an excess of revenues over expenses of $383,631 before longterm debt expenses of ($76,429), net amortizationcosts of ($305,304) and net unrealized gain oninvestments of $124,488. In summary, after deducting the long term debt expenses and amortization costs and adding the unrealized gains from investments, PC is reporting an excess of revenues over expenses of $126,386 ($988,568in 2012).

The 2013 operating results are before capital expenditures. During 2013, there were several capital projects underway for a total budget of$485,000. These projects included the PillarsRestoration and Accessibility, Arena flat roof replacement and some other capital purchases (ie. laptops). In total, capital expenditures during2013 were $422,363. Some of the projects beganin June 2012, and in total $483,481 was spentagainst a budget of $485,000.

RevenuesIn 2013, PC reported total tuition and other program related revenues of $12,493,238 on 385 students. This compares to $11,410,143 on374 students in 2012.

In 2013, the actual enrollment was 385 studentsconsisting of 96 boarders and 289 day students.This was an increase from 2012 when we had 374students of which 87 were boarders and 287 wereday students. Of the $12.5 million, $11.1 million represents the tuition and fee revenue. Tuition andfee revenue increased $1 million from 2012, whichreflects 11 more students coupled with a 5.0%tuition increase.

In terms of diversifying our revenue sources, a target of 90% of total revenue to come from tuition and fees and 10% from other sources is thenational benchmark. In 2013, parents paid tuitionand fees representing 84.2% (83.7% in 2012) ofPC’s total revenue. Auxiliary programs represents to 8.2% (8.8% in 2012), investment income represented 2.0% (1.6% in 2012) and donations

F INANCIAL ACCOUNTABIL ITYFor the Year Ending June 30, 2013

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For the year ended June 30 2013 2012

REVENUE Tuition and other program related revenue $ 11,143,070 $ 10,152,221Auxiliary programs 1,079,205 1,068,972Investment income from long term investments 270,963 188,950

12,493,238 11,410,143Rental and other income 363,995 319,927Donations and fundraising 292,451 370,764Amortization of deferred educational program contributions 80,886 23,007

Total Revenue 13,230,570 12,123,841

EXPENSESInstructional and co-curricular programs 7,408,010 7,196,004Instructional and residential buildings maintenance 1,634,862 1,792,359Management, administrative and operations 1,158,041 1,176,005Auxiliary programs 759,123 727,618Advancement:

Admissions 468,633 451,097Development 329,893 358,361Alumni and parent relations 137,802 135,124Communications and marketing 293,189 221,356

Arena and grounds 337,020 376,406Scholarships and bursaries 320,366 189,500

12,846,939 12,623,830

Excess (deficiency) of revenue over expenses before items below 383,631 (499,989)

Interest expense on long-term debt (76.429) (89,366)Amortization of property, buildings and equipment (352,860) (369,523)Deferred capital contributions 47,556 48,945

(381,733) (409,944)

Deficiency of revenue over expenses before net gain (loss) 1,898 (909,933)

Net gain (loss) on investments 124,488 (78,635)Excess (deficiency) of revenue over expenses for the year $ 126,386 $ (988,568)

The above Statement of Operations is an excerpt from the complete Audited Financial Statements. Complete Audited Financial Statements, including notes are available upon request from the school's Business Office.

STATEMENT OF OPERAT IONS

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and fundraising revenue was 2.8% (3.1% in 2012)of total income. Finally rental and other income represented 2.8% (2.6% in 2012) of total income.

During 2013, there continued to be a focus onbuilding the school’s philanthropic culture. With avery dedicated volunteer group and PC communitya total of $636,000 was raised, which was consistentwith $633,000 raised in 2012. In 2013 we did nothave an active capital campaign. Our 2013 fundsraised can be broken down as follows:

• $381,000 was raised in annual giving ofwhich $292,000 was in unrestricted giving;

• $252,000 was donated to endowments;

• $3,000 was raised in support of capital.

In partnership with a dedicated Development Team the thousands of volunteer hours contributed byour parents and alumni make these results possible.In addition to this, there are countless donations ofgifts-in-kind that also make our success possible. In 2013, PC received an outstanding amount ofgifts-in-kind estimated at $165,000 in ($85,000 in2012), which especially contributes to the successof our special events.

With respect to the Annual Fund, including participation in events supporting annual giving,our Board of Directors continue to lead the waywith 100% participation followed by 80% of theCorporation currently contributing. Faculty and staff participation is 80%, while parents have a participation rate of 44% and 4% of our alumnicontribute to annual giving.

Endowments in 2013 grew by $252,724, notablywith the establishment of one new fund: the Keith“Booker” McLaren math fund. Other significantdonations to our existing funds include the Springfamily scholarships, the Joseph McCulley memorialfund and the Barney Jackson memorial fund.

Long term investment income earned during 2013totaled $270,963 ($173,308 in 2012). The longterm investment portfolio earned a 7.6% rate ofreturn in 2013 as compared to 4.0% in 2012. Itshould be noted that of the $270,963 of investmentincome, $54,849 ($49,665 in 2012) was paid inmanagement fees. As part of our ASNPO reporting,

it should be noted that all of the income earned onthe long term investments is recognized as incomein the year that it is earned. The income is thentransferred to the Restricted for Endowment purposes in the net asset section of the balancesheet. In addition, the change in the unrealized gain(loss) on the investments is also recognized on theStatement of Operations and transferred to theRestricted for Endowment net asset. During fiscal2013 the increase in unrealized gain on investmentswas $124,488 (loss of ($78,635) in 2012. In total,$281,269 ($188,950 in 2012) was withdrawn tofund awarded scholarships and bursaries and otherendowed purposes.

Rental and other income of $363,995 in 2013 hasincreased from $319,927 in 2012 primarily as aresult of renting more campus housing and someone time refunds. The 2013 budget for rental andother income was $300,000.

Deferred educational program revenue representsthe recognition of donations that have been givenfor specific purposes. In 2013, PC recognized$80,886 ($23,007 in 2012) in revenue, primarilyfrom donations in support of scholarships and bursaries. The amount to be recognized varies fromyear to year depending on the donations received.

Overall total revenue has increased by $1.1 millionor 9.1% mainly driven by tuition and other programrelated revenue with increased enrolment weightedby increased boarders and tuition fee increases.

ExpendituresInstructional expenses totaled approximately $7.4 million in 2013 ($7.2 million in 2012). PC spends approximately 57% of its total operational budget on direct instructional and co-curricular program costs with salaries and benefits representing 78% of that total.

Scholarships and bursaries increased over the previous year, with 14.5% (9.9% in 2012) of ourstudents receiving financial aid, which is below the Canadian benchmark. Students received anaverage award of $10,971 ($11,973 in 2012),which is competitive with the Canadian benchmark.In 2013 we awarded $320,366 in scholarships

F INANCIAL ACCOUNTABIL ITY(continued)

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BALANCE SHEET

For the year ended June 30 2013 2012

ASSETS Current assetsCash and term deposits $ 4,164,332 $ 4,547,885Tuition, board and fees receivable 1,883,179 1,779,963Inventory 232,984 194,149Prepaid expenses and deposits 223,653 181,544

6,504,148 6,703,511

Long term investments 4,794,093 4,277,851Property, buildings and equipment 25,979,583 25,910,080

$37,277,824 $36,891,442

LIABILITIES AND NET ASSETS

Current LiabilitiesAccounts payable and accrued liabilities $ 1,433,723 $ 1,894,440Deferred revenue 9,993,884 9,241,020Students’ personal service deposits 16,000 22,000Current portion of obligations under capital lease 0 16,604Current portion of loan payable 225,000 225,000

11,668,607 11,399,064

Deferred contributions 2,390,325 2,427,596Loan payable 900,000 1,125,000

14,958,932 14,951,660Net assetsInvestment in property, buildings and equipment 22,580,747 22,480,671Internally restricted 78,252 78,252Restricted for endowment purposes 4,239,029 3,871,948Operating reserve (4,579,136) (4,491,089)

22,318,892 21,939,782

$37,277,824 $36,891,442

The above Statement of Operations is an excerpt from the complete Audited Financial Statements. Complete Audited Financial Statements, including notes are available upon request from the school’s Business Office.

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As at June 30 2013 2012

SCHOLARSHIPS AND MEMORIAL FUNDS

1985 bursary fund $ 100,100 $ 100,100

Harry M. Beer memorial fund 290,364 285,670

C.R. Blackstock 104,065 104,065

Richard Hayden memorial fund 25,000 25,000

Helen and Henry Jackman fund 179,126 179,126

Kirshenblatt and Miller fund 25,000 25,000

Gertrude L’Anson fund 35,000 35,000

Joseph McCulley memorial fund 379,492 327,920

R.S. McLaughlin memorial fund 200,000 200,000

Harvey Ng bursary fund 52,635 50,014

The Robert and Shirley Prittie bursary fund 322,592 287,734

Promise fund 111,731 103,779

Gerry and Anita Smith fund 50,144 50,276

Spring Family Scholarship fund 1,224,125 1,138,348

Peter Widdrington memorial fund 170,499 163,295

Barney Jackson memorial fund 147,458 100,000

Other 187,769 225,504

3,605,100 3,400,831

OTHER ENDOWMENTS

Allan family fund 147,174 145,267

Keith “Booker” McLaren math fund 26,207 –

Cyril Howarth memorial fund 10,804 10,804

Eric Veale memorial arena fund 46,676 41,676

Josh Weinzweig memorial fund 53,113 47,903

25th anniversary celebration fund 25,300 25,300

Other 5,000 5,000

314,274 275,950

Unrealized gain (loss) on restricted endowment funds 319,655 195,167

TOTAL $4,239,029 $ 3,871,948

The scholarship and other endowment funds represent accumulated donations to the School which have been externally restricted for endowment. Funds with a balance of at least $25,000 are shown indvidually, and all of the other scholarship funds are grouped together as Other. The Other includes the Cummer, Allen Drevnig, Al Jewell, Don Kellock, Craig McGillivray, Don Menard, J.B. Mossop, Don Race, Jack Rayner, Donald Stewart, War, and Mary E. White funds.

ENDOWED FUNDS

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and bursaries ($189,500 in 2012. To fund theseawards, $271,000 was drawn from the income on endowed funds and $49,000 was received inrestricted annual giving donations.

As our endowments grow, our ability to award more scholarships and bursaries will also increase. A healthy endowment and a strong financial aidprogram are a key strategy to attracting and retaining mission appropriate students and potentially relieving tuition increase pressures and affordability concerns for families in the future. Once again, this focuses attention on our fundraising and donations program as that is how we grow our endowments.

Advancement costs (Admission, Development,Alumni and Parent Relations and Communications)have grown by 5.4% over last year, totaling$1,229,517 ($1,165,938 in 2012). The focus wason revising PC’s brand as a result of the strategicplan and the development of new marketing materials as well as more advertising and otherrecruitment initiatives to support an increased enrolment for the academic year 2013-2014.

Facility costs for 2013 were $1,634,862, which is$157,497 lower than 2012. In 2013, the FacilityService staffing was reduced by one full-time position, hydro costs decreased from 2012, lessrepairs to Roger’s House and on campus housingwere required than in 2012.

Management, administrative and operational costsdecreased 1.5% with a reduction in staffing. Thisline includes costs in relation to the operation of the Headmasters office, Assistant Heads, BusinessOffice, Human Resources and reception. In addition,school wide infrastructure costs are charged hereand professional fees, such a legal and audit fees are reflected in this cost centre.

In addition, PC continues to repay the fixed rateterm loan with the Bank of Montreal. We repaid$225,000 this year and have an outstanding balanceof $1,125,000. The interest incurred for 2013 was$76,429 versus $89,366 in 2012.

Liquidity and Net AssetsPC’s cash and cash equivalents have decreasedslightly over last year. Our overall cash and cashequivalents totaled $4,164,332 as at June 30, 2013 ($4,547,855 in 2012). Key driver for thedecrease in cashflow is due to the required capitalre-investment in school facilities. PC continues toclosely monitor cash flow.

Overall, net assets have increased to a total of $22.3 million. Our investment in property, plant and equipment has grown by the capital projectscompleted and our endowments have grown withdonations. The operating reserve has decreasedfrom ($4,491,089) to ($4,579,136) at the end ofJune 2013. This $88,047 decrease is mainly drivenby the capital projects of $422,363, BMO loanrepayment of $225,000, the capital lease repaymentof $16,604, offset by the operating surplus attributable to our operating reserve (includingamounts transferred from endowments to fundscholarships/bursaries) $317,333 and deferred donation and fundraising contributions transferred$258,587. Improvements in the negative operatingreserve will result from annual operating surpluses,but further capital expenditures that are not fundedby donations and the repayment of the loan willincrease the negative reserve.

ConclusionOverall, 2013 should be considered a turning pointyear for Pickering College. Our increased enrolmentcoupled with our continued responsible cost management focus has moved the financial resultsfrom an operating deficit to an operating surplus.This is evidence that the difficult decisions in 2012did not compromise the investment in our peopleand programs and our continued alignment to ourStrategic Plan has poised us for this growth in 2013and beyond.

F INANCIAL ACCOUNTABIL ITY(continued)

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Since 1842, the guiding values upon which

Pickering College was built have remained constant.

4 COMPASSION

4 COMMUNITY

4 INTEGRITY

4 RESPECT

4 RESPONSIBILITY

OUR VISIONTo be a school that develops citizens who becomeethical, compassionate, values-based decision-makers,determined to make the world a better place, understanding their responsibility to serve society and knowing the future is theirs to create.

OUR MISSIONTo be a leader in education, inspiring individuals to become enlightened citizens who meet high standards for lifelong growth and learning.

Our students exemplify Quaker values, gaining the vision, courage and skills to make their community greater, better and more beautiful than they discovered it.

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Pickering College, 16945 Bayview Avenue

Newmarket, ON L3Y 4X2 Canada

Web: www.pickeringcollege.on.ca

Email: [email protected]

Voice: 905-895-1700

Fax: 905-895-8916

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