AGM March 2014
2013 • A scorecard • Thanks • Choices • Questions
A scorecard Leadership Sustained investment in academic and sport Investment Teaching facilities Strategy, Continue to grow planning Numbers Governance First time started & > 500 finance Fees Happiness Per strategy, Success maintain below EPI 100% pass rate
Strategy & planning “When Yesterday, Today, and Tomorrow meet, only Today gets to shake hands twice. That makes Today twice as important as the other two. But it also means that Today must be careful, because who knows whether Yesterday or Tomorrow washed their hands after going to the bathroom.” ― Jarod Kintz
Then and now : some context and the lessons we need to learn 4 th Staff pension, medical aid 96/97 Power 03 Power New sports Struggle “Old” & annual conferences Chair Struggle campus V “New” introduced LP iMAD Centre All but 1 SM Building X2 streamed Library Act- First Acting HS alteration ing elected head 4 th School opens Boarding head board ADAM head 54 students Staff FF 5 th climate 2 nd Stake- 1 st head AG 1st Music Chair survey head GN holder The 1 st chair AvN In the blue MMB survey Odyssey Gr 0 Acting Umalusi New MM head WS 1st Building classrooms Caretaker Oakhill Future Matric alterations Pool head Future Debenture 3 rd head class Mini-Astro workshop Scheme CW 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 Revenue State First New play areas; upgrade exceeds subsidy Master 6 th State classrooms; seating at pool; expenses ends plan subsidy Chair PW upgrade school entrance, new Upgrade parking; paint buildings; sport facilities Gr 00 SK 5 th 3 rd greening quad, road etc; new Stakeholder on campus Gr 000 head Chair science lab, music room; new visioning AJ (?) tuck/ coffee shop; land search workshop Stakeholder Ford Oakhill Future and building planning 2 nd survey Review Project starts master plan; 2 nd Chair 60 “A”s 1 st New admin Mission Period of “ownership --- FdG Hockey Governance office & 30 students 21 in management change 1 = 9 “A”s tour Strategy classrooms 2013
Purpose • Great schools, Patrick Basset said, create and perpetuate an intentional culture shaped by the adults… rooted in universal values of honesty and caring … and relentlessly oriented toward achievement . • He spoke of a school which had the most wonderful purpose --- to inspire each (child) to fulfil (his/)her promise and to better the world.
How as a board have we done this? Feel the wind And set yourself a bolder course Keep your heart As open as a shrine You’ll sail the perfect line Bob Segar’s “In our time” closed 2009 agm … Strategic drivers - Stay true to ourselves , Have clear vision , and be bold
Our building blocks: 2007-2014 • Are we meeting objectives? Sailing that line? – Be true to ourselves and our philosophy … the joy of learning, children at the centre, the Oakhill way – Be a place where children excel as individuals / community • Investment in academic excellence and facilities … nearly R30m! • Creating a place where children can be happy … where they prepare for life, think for themselves, take responsibility for actions – Be financially sustainable • Drive demand and efficiency … to grow numbers & income (to reinvest) – Be an integral part of broader Knysna-Plett-Sedgefield – Provide value to all stakeholders – fees > parents; total education > students; compensation > teachers; engagement > community
(Unhelpful) Things to think about • Pleasing all of the people all of the time – Choice, opportunity and differences • Beware those hiding behind “what others say” --- Innuendo and rumour easily destroy; separate personal agenda from school agenda • Actions have consequences! (it’s what we teach our children!) – Teachers leave, management preoccupied – Energy moves from + to -
Leadership • We said in 2010 --- “Great leadership at school is a key enabling factor ” – Shane + teachers have transformed Oakhill – “Relentlessly pursuing excellence” – head creates excellence environment that celebrates achievement & collaboration and inclusivity, and that cares and nurtures … – Some external observations • 3/10 Prof Jansen’s strategies to change a school = head > visible leadership; social entrepreneurs; act on external environment • Oakhill does well on Bassett’s 25 features of great schools
Teachers • We said in 2010 --- “The quality of an education system cannot exceed the quality of its teachers” – All teachers now on pension, medical aid – Salaries > … still concern, area of focus – New teachers have enriched the school • Attracting many and quality applications – Learning through tours, conferences • “Travel is fatal to prejudice, bigotry and narrow mindedness …things cannot be acquired by vegetating in one little corner of the earth all one’s lifetime.” Mark Twain
Governance • Audit / Umalusi • Constitution will need to be amended to be compliant with new legislation, needs • Independent board members • Procurement policy • Balancing bureaucratic process and outcomes … we have a school to run – Remember: board and other parental support is voluntary and in a few cases involves 100s of hours a year!
Happiness and success • “When I was 5, my mother told me happiness was the key to life. When I went to school, they asked me what I wanted to be when I grew up. I wrote down ‘happy’. They told me I didn’t understand the assignment…I told them they didn’t understand life.” / John Lennon • “Happiness is the key to success . If you love what you are doing, you will be successful.” / Albert Schweitzer • Passion + aptitude = The Element / Ken Robinson • “Life isn't about finding yourself. Life is about creating yourself.” / George Bernard Shaw Oakhill is a happy place. Our children tell us that. But happiness and success are not necessarily the same thing! …and stretching is part of learning, finding success and happiness
Happiness and success 2008 2009 2010 2011 2012 2013 5 Yr Ave Candidates 25 24 29 30 50 40 34.6 % Passed 100% 100% 100% 100% 100% 100% 100% Distinctions 33 40 55 59 79 70 Distinctions / Candidate 1.3 1.7 1.9 2.0 1.6 1.8 1.8 Analysis of Standard and Tertiary Admissions Level of Pass Bachelor's Degree 22 22 27 26 47 35 31 Diploma 2 1 2 4 3 5 3 HC 1 1 0 0 0 0 NSC 0 0 0 0 0 0 % of Bachelor's Degree 88.0% 91.7% 93.1% 86.7% 94.0% 87.5% 90.8% % of Bachelor + Diploma 96.0% 95.8% 100.0% 100.0% 100.0% 100.0% 99.4% Over the past 5 years, in a class that has on average doubled in size, we have achieved a 99,4% Bachelor & Diploma pass
Oakhill fees and EPI
How Oakhill’s fees compare
Numbers We opened 2014 with 500+ students
Numbers, and where from
Investment On a like-for-like [1] basis over the past 6 years, 60% of all capital investment has gone into academic infrastructure Year Project / Investment Amount R '000's 2009 Hall refurbishment R 100 R 4,000 Classrooms and new Administration block R 100 Sports office 2010 Refurbishment of classrooms R 1,000 Coffee Shop and tuck shop R 500 Pathways and play areas R 1,000 Landscaping R 500 R 80 Staffroom refurbishment 2011 Parking areas and Classrooms R 700 Prefabricated classrooms R 800 Pool area refurbishment R 100 Staff accommodation R 100 R 100 2012 Refurbishment of music classroom 2013 Purchase of new land R 3,800 Construction of new fields R 3,000 Construction of Astroturf R 6,000 Infrastructure: roads, sewerage, water, workshop R 1,000 R 50 2014 Road infrastructure Music Centre R 1,000 Art, Drama, Library and classrooms R 5,000 Repair land slip R 300 Clubhouse R 300 R 360 IT upgrades Total R 29,890 Academic Campus projects and infrastructure (excluding busses) Sports Campus projects and infrastructure [1] – Like-for-like basis excludes the cost of the OSC land
Finance review and forecast • Finance Portfolio – Financial Review 2013 – Student Retention – Funding infrastructure – what we need, and where we are now • Capital Structure – Loan Funding Program Update (Debentures) – Your Infrastructure ‘ Wish List ’ – Choices?
Finance headlines 2013 Student Numbers – Average Student numbers flat at 471 (2012: 479) – Net Revenue per student up 6.9% Revenue – Total Revenue up 6.6% to R26,1m – Net Revenue up 5.3% to R21,9m Expenses – Total Expense growth up 13,6% to R23,9m – Salaries/NR at 73,2% within benchmark Operating Surplus (Before Finance Charges) – Operating Surplus down to R0,34m from R1.94m.
Audited income statement 2013 2011 2012 2013 Audited Income Statement % R '000's R '000's R '000 ’ s Change Total Revenue 21 222 24 521 26 134 6,6% Net Revenue (inc. Other Income) 20 104 22 948 24 208 5,5% Expenses 17 776 21 007 23 866 13,6% Operating Surplus 2 328 1 941 342 (82,3%) Finance Costs (520) (597) (1 014) 69,8% Surplus / (Shortfall) 1 808 1 344 (672) Student Numbers 461 479 471 (1,7%) Source: Oakhill School, Audited Financial Statements as at 31 December 2013, Prepared by Mazars.
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