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ANNUALREPORT2018SAOPIENTIA CARIOR AUR

23MMC Annual Report 2018MMC Annual Report 2018‘TOGETHER ASLEARNERS, WEARE INSPIREDTO GROW’CONTENTSSECTION 1:INTRODUCTION05Principal’s ReportChairperson’s ReportSECTION 2:FINANCIAL REPORT 201811School DirectoryStatement of ResponsibilityAuditor’s ReportStatement of Comprehensive Revenue and ExpensesStatement of Changes in Net Assets / EquityStatement of Financial PositionStatement of Cash FlowsNotes to the Financial StatementsKiwisport StatementMount Maunganui College believes that it shouldprovide quality education for all of its students withina caring environment that allows for effective teachingand learning to take placeSECTION 3:ANALYSIS OF VARIANCE41SECTION 4:STATEMENT OF PERFORMANCE47Vision: Te KitengaStrategic Focus: Te Rautaki ArotahiStrategic Direction (2017 - 2020)Mount Maunganui College’s StudentsAttendance 2018Suspensions 2018Academic Achievement Level 1 / Level 2 / Level 3 / UE 2018Mount Maunganui College Staff 2018Student Leadership 2018SECTION 5:HEAD OF DEPARTMENT REPORTS63

4MMC Annual Report 2018MMC Annual Report 2018SECTION 1INTRODUCTION5

6MMC Annual Report 2018MMC Annual Report 2018PRINCIPAL’S REPORTALASTAIR SINTONI acknowledge Kaumatua KihiNgatai and Ngai te Rangi fortheir continued support ofMount Maunganui College.I would also like to acknowledgeour Board of Trustees for theircommitment and dedication, andin particular Chairman StuartTaylor for his time, energy andtrust.--MA PANGO MA WHERO KA OTI AI TE MAHIWITH RED AND BLACK THE WORK WILL BE COMPLETETo the leadership team, TinaYule, Ady van der Beek, MichelleBallard, Kaitiaki Brendon-RayHorlock and newly appointeddeputyprincipalMikaereOctober. Our cohesion andcomplementary skill set createsomething greater than the sumtotal of us as individuals. Thankyou for your patience this year.Thank you to our wonderful staff who are here becauseof their love for our students. Each teacher will havetheir own motivation behind why they started teachingbut here at Mount Maunganui College they live ourshared vision ‘Together as learners, we are inspired togrow’. Our teachers as educators, leaders and learnersdeserve to be regarded as the professionals they trulyare.I must acknowledge our Parent Support Group and themany parents, community members and businessesthat support our school’s co-curricular programme. Ourstudent’s experience rich and meaningful because ofyour continued contribution.I would like to thank every student at Mount MaunganuiCollege who has embraced our touchstones ofcharacter, learning and wellbeing that have helped shapeour schoolwide conversations this year. We believethese touchstones help students to be confident andconnected young people in today’s modern world.This report is a snapshot in time of our school and formsa small important part of our journey.7

8MMC Annual Report 2018MMC Annual Report 2018CHAIRMAN’S REPORTThe Board fully supports Alastair’s approachand thanks him, the SLT and wider Staff in theirsupport of the Principal and their own varied rolesthroughout the school which has maintained progressin school achievement data, culture and the ongoinginvestigation of new and better opportunities andoutcomes for all students.Board of Trustees composition changed duringthe year. Naomi Luckett, an energetic and valuedBoard Member left mid year for an internationallybased Emergency Management role. The Boardwere fortunate to secure the services of co-optedTrustee Andrea Webster to fill the vacancy Naomi’sdeparture created. Similarly, after much involvementof the Boards Cultural Liason person, DP BrendonRay Horlock, the services of Mr Sonny Wharekurawere secured as co-opted Iwi Liaison Representative,along with the welcomed agreement of Ngai Te RangiIwi.STUART TAYLOR(2016-2018)The most obvious difference tothe look of Mount MaunganuiCollege in 2018 was the newPrincipalship of Alastair Sinton.Alastair has led the Schooland Senior Leadership teampositively using equal amountsof careful stewardship combinedwith vim, vigour and considerednew thinking.Ra Neilsford-Jones followed in the footsteps of along line of Student Trustees at Mount MaunganuiCollege proving to be a highly engaged (engaging)and effective Trustee throughout his tenure during2018. The Board look forward to working with SamuelTaylor in tions and progress through 2018, SchoolProperty was a heavy focus for the Board. A lotof this focus highlighted bureaucracy apparent atMinistry of Education level and their Partners. Asthe customer, we would have been glad of fasterprogress in relation to clearer timelines around newbuildings, funding and upgrades to older classroomblocks.Thanks to Mr Jeff Beattie, School Property Manager, supported by the Principal and key contacts atthe MOE, some progress has been made on all projects, with new buildings getting one step closerto reality thanks to MOE data indicating continued role growth. Significant maintenance / upgradeworks were completed at the end of 2018 including a new roof to the school hall, multiple extremeheat rooms receiving air conditioning and a host of other improvements totalling over 600,000 outof 5 year agreement funding.Overseen by Business Manager Mrs Donna Beattie, financial reporting within the school moved to aXero based platform at the end of 2018. The promise is this will deliver flexibility in succinct, easy toaccess reports – which will aid all parties concerned including the School, Board and Auditors.Cyber security within the school has been beefed up following a review into potential threat areas,meaning all data - finance / student / day to day management etc is far less at risk of attack.The Board continue to approve correctly researched EOTC opportunities for students. By way ofexample, another of our passionate DPs – Mr Mikaere October arranged a rugby trip to a Gold Coasttournament. Air travel was largely funded by a schools airpoints promotion running at the time whichwas accessed by Mr October. Many of the players had never been out of New Zealand before, manyhad not been on an aeroplane, and some had never been out of the Bay of Plenty. For these players,there was certainly a great deal more to this trip than rugby.2019 will see long standing Teacher Ms Fran Stubbins lead a trip to India. Again, this trip was subjectedto extensive scrutiny in terms of the Tour Operator and their security advisers. The trip is sure tobe once in a lifetime experience the Students could not have accessed anywhere other than throughthe school.These are but two examples of the many and varied EOTC experiences made available to Studentsby a committed staff and approved by the Board after the correct safety / paper / audit requirementscan be established.2019 sees Board of Trustees elections mid year. It is certain there will be new Board membersaround the table. They will enjoy serving on a Board where the School is in excellent heart, lead by apassionate Principal and Senior Leadership team, supported by a Staff who have Student outcomesand care at the centre of everything they do.9

10MMC Annual Report 2018MMC Annual Report 2018SECTION 2FINANCIAL REPORT11

12MMC Annual Report 2018MMC Annual Report 2018MOUNT MAUNGANUI COLLEGEFINANCIAL CONTENTSSCHOOLAnnualDIRECTORYReport - For the year ended 31 December 2018School DirectorySCHOOL DIRECTORY13Ministry Number:118STATEMENT OF RESPONSIBILITY14Principal:Alastair SintonAUDITOR’S REPORT15School Address:Maunganui Road, Mount Maunganui 3116School Postal Address:Maunganui Road, Mount Maunganui 3116School Phone:07 575 3096School Email:principal@mmc.school.nzSTATEMENT OF COMPREHENSIVE REVENUE AND EXPENSES18STATEMENT OF CHANGES IN NET ASSETS / EQUITY19STATEMENT OF FINANCIAL POSITION20STATEMENT OF CASH FLOWS21NOTES TO THE FINANCIAL STATEMENTS22KIWISPORT STATEMENT39ANALYSIS OF VARIANCE41Members of the Board of TrusteesNameStuart TaylorAlastair SintonDavid WeaverHelen HiesDamien HarrisNaomi LuckettSonny WharekuraAndrea WebsterGraeme SkudderSamuel TaylorRa Neilsford-JonesPositionChair PersonPrincipalParent RepParent RepParent RepParent RepIwi RepParent RepStaff RepStudent RepStudent RepHow PositionGainedRe-electedex ptedRe-electedElectedElectedTerm un-19Sep-19Sep-18Accountant / Service Provider:Auditor:William Buck Audit (NZ) Limited13

14MMC Annual Report 2018MMC Annual Report 2018STATEMENT OF RESPONSIBILITYFor the year ended 31 December 2018The Board of Trustees accepts responsibility for the preparation of the annual financial statementsand the judgements used in these financial statements.The management (including the principal and others as directed by the Board) accepts responsibilityfor establishing and maintaining a system of internal controls designed to provide reasonableassurance as to the integrity and reliability of the school’s financial reporting.It is the opinion of the Board and management that the annual financial statements for the financialyear ended 31 December 2018 fairly reflects the financial position and operations of the school.The School’s 2018 financial statements are authorised for issue by the Board.Andrea WebsterBoard ChairpersonAlastair SintonPrincipal22 May 201922 May 2019AUDITOR’S REPORT15

16MMC Annual Report 2018MMC Annual Report 201817

18MMC Annual Report 2018MMC Annual Report 2018STATEMENT OF COMPREHENSIVEMount Maunganui CollegeREVENUEAND EXPENSEStatement of ComprehensiveRevenue and ExpenseSTATEMENT OF CHANGES IN NETASSETS / EQUITYMount Maunganui CollegeFor the year ended 31 December 2018FortheyearyearendedendedDecember2018Forthe31 31December2018Statement of Changes in Net Assets/EquityFor the year ended 31 December 20182018NotesRevenueGovernment GrantsLocally Raised FundsInterest EarnedInternational StudentsExpensesLocally Raised FundsInternational StudentsLearning Loss on Disposal of Property, Plant and EquipmentNet Surplus / (Deficit) for the yearOther Comprehensive Revenue and ExpensesTotal Comprehensive Revenue and Expense for the Year234345678Actual 2018Budget(Unaudited) 2017Actual 715,175,29714,891,376300,095300,095(214,045)2018 Balance at 1 JanuaryTotal comprehensive revenue and expense for the yearCapital Contributions from the Ministry of EducationContribution - Furniture and Equipment Grant300,095-2,621,306(214,045)-2017 3,839,553(271,695)-Equity at 31 December3,867,9532,407,2613,567,858Retained ty at 31 December3,867,9532,407,2613,567,858(271,695)The above Statement of Changes in Net Assets/Equity should be read in conjunctionwith the accompanying notes.The above Statement of Comprehensive Revenue and Expense should be readin conjunction with the accompanying notes.Mount Maunganui College Annual Report and Financial Unaudited)2018 ActualThe above Statement of Comprehensive Revenue and Expenses should be readin conjunction with the accompanying notes2The above Statement of Changes in Net Assets / Equity should be readin conjunction with the accompanying notesMount Maunganui College Annual Report and Financial Statements319

20MMC Annual Report 2018MMC Annual Report 2018STATEMENT OF FINANCIAL POSITIONSTATEMENT OF CASH FLOWSForthe yearended 31 DecemberMountMaunganuiCollege 2018Forthe yearended 31 DecemberMountMaunganuiCollege 2018Statement of Financial PositionStatement of Cash FlowsAs at 31 December 2018For the year ended 31 December 20182018NotesCurrent AssetsCash and Cash EquivalentsAccounts ReceivableGST ReceivablePrepaymentsInventoriesInvestmentsCurrent LiabilitiesAccounts PayableRevenue Received in AdvanceProvision for Cyclical MaintenanceFinance Lease Liability - Current PortionFunds held in TrustFunds held for Capital Works ProjectsFunds held on behalf of Attendance Service Cluster910111214151617181920Working Capital Surplus/(Deficit)Non-current AssetsProperty, Plant and EquipmentNon-current LiabilitiesProvision for Cyclical MaintenanceFinance Lease Liability13Actual 2018Budget(Unaudited) tual Cash flows from Operating ActivitiesGovernment GrantsLocally Raised FundsInternational StudentsGoods and Services Tax (net)Payments to EmployeesPayments to SuppliersCyclical Maintenance Payments in the yearInterest PaidInterest ,381,502)(33,580)(18,443)94,558Net cash from / (to) the Operating ActivitiesCash flows from Investing ActivitiesProceeds from Sale of PPE (and Intangibles)Purchase of PPE (and Intangibles)Proceeds from Sale of InvestmentsNet 6,788)(3,548,144)87,65664,6722017Actual 1,985,342Net cash from / (to) the Investing 2,041Cash flows from Financing ActivitiesFinance Lease PaymentsFunds Administered on Behalf of Third PartiesFunds Held for Capital Works Projects2,533,0191,551,2142,442,041Net cash from Financing 82Cash and cash equivalents at the beginning of the year380,101508,746508,746Cash and cash equivalents at the end of the year3,867,9532,407,2613,567,858Net increase/(decrease) in cash and cash equivalents1617Actual 2018Budget(Unaudited) 6,406781,117441,02093,296,5991,481,2961,736,406The statement of cash flows records only those cash flows directly within the control of the School. This means centrally fundedteachers' salaries and the use of land and buildings grant and expense have been excluded.3,567,858-The above Cash Flow Statement should be read in conjunction with the accompanying notes.The above Statement of Financial Position should be read in conjunctionwith the accompanying notes.The above Statement of Financial Position should be readin conjunction with the accompanying notesMount Maunganui College Annual Report and Financial Statements4The above Cash Flow Statement should be readin conjunction with the accompanying notesMount Maunganui College Annual Report and Financial Statements521

22MMC Annual Report 2018MMC Annual Report 2018NOTES TO THE FINANCIAL STATEMENTSFor the year ended 31 December 2018Mount Maunganui CollegeNotes to the Financial StatementsFor the year ended 31 December 2018Critical Judgements in applying accounting policiesManagement has exercised the following critical judgements in applying accounting policies:Classification of leasesThe School reviews the details of lease agreements at the end of each reporting date. The School believes the classification ofeach lease as either operation or finance is appropriate and reflects the nature of the agreement in place. Finance leases aredisclosed at note 17.1. Statement of Accounting Policiesa) Reporting EntityMount Maunganui College (the School) is a Crown entity as specified in the Crown Entities Act 2004 and a school as described inthe Education Act 1989. The Board of Trustees (the Board) is of the view that the School is a public benefit entity for financialreporting purposes.Recognition of grantsThe School reviews the grants monies received at the end of each reporting period and whether any require a provision to carryforward amounts unspent. The School believes all grants received have been appropriately recognised as a liability if required.Government grants are disclosed at note 2.c) Revenue Recognitionb) Basis of PreparationReporting PeriodThe financial reports have been prepared for the period 1 January 2018 to 31 December 2018 and in accordancewith the requirements of the Public Finance Act 1989.Government GrantsThe school receives funding from the Ministry of Education. The following are the main types of funding that the School receives;Operational grants are recorded as revenue when the School has the rights to the funding, which is in the year that the funding isreceived.Basis of PreparationThe financial statements have been prepared on a going concern basis, and the accounting policies have been consistentlyapplied throughout the period.Teachers salaries grants are recorded as revenue when the School has the rights to the funding in the salary period they relateto. The grants are not received in cash by the School and are paid directly to teachers by the Ministry of Education.Financial Reporting Standards AppliedThe Education Act 1989 requires the School, as a Crown entity, to prepare financial statements in accordance with generallyaccepted accounting practice. The financial statements have been prepared in accordance with generally accepted accountingpractice in New Zealand, applying Public Sector Public Benefit Entity (PBE) Standards Reduced Disclosure Regime asappropriate to public benefit entities that qualify for Tier 2 reporting. The school is considered a Public Benefit Entity as it meetsthe criteria specified as “having a primary objective to provide goods and/or services for community or social benefit and whereany equity has been provided with a view to supporting that primary objective rather than for financial return to equity holders”.Use of land and buildings grants are recorded as revenue in the period the School uses the land and buildings. These are notreceived in cash by the School as they equate to the deemed expense for using the land and buildings which are owned by theCrown.Other GrantsOther grants are recorded as revenue when the School has the rights to the funding, unless there are unfulfilled conditionsattached to the grant, in which case the amount relating to the unfulfilled conditions is recognised as a liability and released torevenue as the conditions are fulfilled.PBE Accounting Standards Reduced Disclosure RegimeThe School qualifies for Tier 2 as the school is not publicly accountable and is not considered large as it falls below theexpenditure threshold of 30 million per year. All relevant reduced disclosure concessions have been taken.Donations, Gifts and BequestsDonations, gifts and bequests are recorded as revenue when their receipt is formally acknowledged by the School.Measurement BaseThe financial statements are prepared on the historical cost basis unless otherwise noted in a specificaccounting policy.Interest RevenueInterest Revenue earned on cash and cash equivalents and investments is recorded as revenue in the period it is earned.Presentation CurrencyThese financial statements are presented in New Zealand dollars, rounded to the nearest dollar.d) Use of Land and Buildings ExpenseThe property from which the School operates is owned by the Crown and managed by the Ministry of Education on behalf of theCrown. The School’s use of the land and buildings as occupant is based on a property occupancy document as gazetted by theMinistry. The expense is based on an assumed market rental yield on the value of land and buildings as used for ratingpurposes. This is a non-cash expense that is offset by a non-cash grant from the Ministry.Specific Accounting PoliciesThe accounting policies used in

Xero based platform at the end of 2018. The promise is this will deliver flexibility in succinct, easy to . 2019 will see long standing Teacher Ms Fran Stubbins lead a trip to India. Again, this trip was subjected . MMC Annual Report 2018 MMC Annual Report 2018

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