ANNUAL REPORT FOR THE YEAR ENDING 31ST DEC 2014

Transcription

1 ANNUAL REPORT FOR THE YEAR ENDING 31ST DEC

2 KIA ORA KOUTOU, KIA ORANA, NI SA BULA VINAKA, FAKALOFA LAHI ATU, TALOFA LAVA, MALO NI, MALO E LELEI CONTENTS STATEMENT OF RESPONSIBILITY 1 CHAIRMAN S REPORT 2 CHIEF EXECUTIVE OFFICER S REPORT 4 STATEMENT OF SERVICE PERFORMANCE 5 STATEMENT OF KEY PERFORMANCE INDICATORS 11 INDEPENDENT AUDITOR S REPORT 12 STATEMENT OF FINANCIAL PERFORMANCE 14 STATEMENT OF MOVEMENT IN EQUITY 14 STATEMENT OF FINANCIAL POSITION 15 STATEMENT OF ACCOUNTING POLICIES 16 NOTES TO THE FINANCIAL STATEMENTS 20 OUR BOARD OF TRUSTEES 26 OUR STAFF 28 OUR DIRECTORY 29

3 page 1 STATEMENT OF RESPONSIBILITY WE CERTIFY THAT 1. We have been responsible for the preparation of these financial statements and the judgement used therein; 2. We have been responsible for establishing and maintaining a system of internal control designed to provide reasonable assurance as to the integrity and reliability of the financial reporting; and 3. We are of the opinion that these financial statements fairly reflect the financial position and operations of the trust for the year ended 31 December The registered legal name of the trust is Pasifika Education Centre and the trust is referred to by this name throughout the financial statements section of this report (pages 13 to 23 inclusive). Christine Nurminen Chief Executive Officer 10th March 2015 Sai Lealea Chairman of the Board 10th March 2015

4 page 2 CHAIRMAN S REPORT NI SA BULA VINAKA This year continues to be a time of transition for the Pasifika Education Centre as we embarked on a number of key changes to ensure we re able to deal with the challenges ahead. In partnership with our partners in government and other key stakeholders, the changes have focused principally at strengthening our strategic directions and seeking greater improvements in our operation and service delivery. Following relocation to new and more accessible premises, a new Strategic Plan was launched in September 2014 setting out four strategic priorities we regard as critical in making a difference for our Pasifika learners. Arising from this plan is our Outcomes Framework, which identifies the results we seek from the activities we undertake in implementing our strategic plan. We will monitor and report on how we re achieving against these performance objectives to ensure we re on target. Forming strategic partnerships with other Pasifika and learning organisations has also been a highlight this year. This has involved exploring opportunities where PEC can collaborate around shared services and taking advantage of existing infrastructure for expanding coverage of our services to other Pasifika population centres. We will continue to seek out such opportunities for engagement and partnerships as a way to maximize our reach and given the limited resources we have. Pasifika Education Centre has continued to register improvements in its finances and service delivery. We are again pleased at recording another surplus this year and we have also moved to build our reserve based on a target to ensure our long term viability. However, as we move to raise our service coverage and extend our reach, a much more stable and long term funding arrangement will be necessary. To this end, we have made approaches to government on how best to address this issue. A more stable and long term funding arrangement will also enable us to explore other income opportunities by capitalising on the specialist knowledge and skills associated with our diverse Pasifika languages and cultures.

5 page 3 Our Chief Executive Officer, Christine Nurminen, and staff, have been crucial in embracing changes this year. With a better focused strategic direction, they will have a major role to play to secure the results we seek as a learning organisation. They have our ongoing appreciation and support as we look forward to further improvements in our operational activities that will benefit Pasifika learners. I would like to extend our appreciation to all the organisations, our learners and those who support our work. In particular, the Tertiary Education Commission, New Zealand Qualifications Authority, Ministry of Social Development, Te Wananga O Aotearoa and the Ministry of Pacific Island Affairs. I would also like to acknowledge our relationship with other ACE community providers who have contributed to our achievements during the past year. As a Board it has been a challenging yet satisfying year. We look forward to the new challenges and opportunities with keen anticipation. Vinaka vakalevu Sai Lealea Chairman of the Board 10th March 2015

6 page 4 CHIEF EXECUTIVE OFFICER s REPORT Kia orana, Ni Sa Bula Vinaka, Fakalofa lahi atu, Kum na Mauri, Talofa lava, Taloha Ni, Kia Ora pea Mālō a e laumalie a e kainga Pasifiki hono kotoa I am proud to lead the Pasifika Education Centre through another year of transformation. Together with the Board and our new PEC Strategy, my staff and I have an increased focus on promoting that Pacific knowledge, language and culture are specialist educational knowledge while balancing improvements to our services to ensure our operations benefit Pasifika learners who call Aotearoa - home. Within this context we have invested time and effort into strengthening our educational programmes and we have also invested effort into exploring other income opportunities. Together with the New Zealand Qualifications Authority (NZQA) we completed our scheduled external evaluation and review. The result of this review was positive with a recommendation for our organisation to expand our training activities. Highlights for the year also include the relocation to new premises, the growth in our online book sales and also our campaigns to celebrate Pacific language weeks. In addition we have also held discussions with preservation and archive specialists to start the journey of digitising our PEC Reference Collection. As part of our advocacy role, we continue to share our expertise within our Adult and Community Education (ACE) sector through presentations at ACE Hui/Fono, conferences and collaborating on initiatives including the ACE Aotearoa research called the Pasifika Success as Pasifika project. In exploring new opportunities we have also invested effort into translation work. Translation have not only resulted in establishing new income, it has also generated discussions about the need to foster an environment that legitimise the value of Pacific language and cultures. Overall, we are pleased to have successfully delivered on our contracts with key government agencies including Tertiary Education Commission, the Ministry of Social Development also support from Te Wananga O Aotearoa (TWOA). It is fantastic to experience our second year in surplus. As staff we have had both a rewarding and challenging year. We now look forward to delivering on our PEC Strategy. Faka apa apa atu Christine Nurminen Chief Executive Officer

7 page 5 STATEMENT OF SERVICE PERFORMANCE EXECUTIVE SUMMARY The purpose of this statement is to provide a summary of our achievements during These achievements are relative to our contractual arrangements with the Tertiary Education Commission, Ministry of Social Development and Te Wananga O Aotearoa. This summary provides specific data and information against our overall performance for each of our contracts. 1. PARENTS AS FIRST TEACHERS (PAFT) PROGRAMME Funded by the Ministry of Social Development, the aim of the PAFT programme is to help parents participate more effectively in their children s early development. The activities serve to nurture and stimulate children s minds as well as build parenting confidence. The programme enables all families to access free practical support and guidance. Our programme starts from before birth until the child turns three. OUR PAFT TEAM Since late 2012, PAFT Co-ordinator Beverly Manetoa has been leading our PAFT programme. Together with the new PAFT Educator Tinonui (Rama), our PAFT team has successfully delivered our Parents As First Teachers (PAFT) Programme to enrolled families. As part of our delivery there was increased collaboration with other agencies which include Family Start, Plunket and Auckland Libraries. As part of our delivery, our PAFT team make home-based visits and facilitate group meetings within the Auckland central region. In 2014, our PAFT team identified the growing need for resources for Pasifika parents and families. Increasing children s resources in Pacific languages would contribute to building more positive parenting.

8 page 6 STATEMENT OF SERVICE PERFORMANCE 2. TE WANANGA O AOTEAROA (TWOA) PEC provides facilities and administration support for Te Wananga O Aotearoa (TWOA) computer programmes. This year Manjulikah (Manjoo) Bhugowan started working as our TWOA Administrator to provide support to all the enrolled learners as well as support to the TWOA Computer Tutor: Konelio Seumanutafa. Based in our Manukau office, these computer classes provide a pathway to higher education and also increases learners opportunities to gain employment. The courses introduce learners to computer hardware, software, use, word processing and other programmes. 3. PACIFIC LANGUAGE AND CULTURAL CLASSES With Tertiary Education Commission (TEC) funding PEC successfully delivered over 50 adult and community education block classes across four semesters with more than 700 enrolled adult learners. By delivering different levels of Cook Island Maori, Fijian (Bau dialect), Niue, Samoan, Tongan as well as Everyday English classes, we exceeded our annual target of 650 adult learners at four venues around Auckland. NZQA EXTERNAL EVALUATION AND REVIEW In June 2014 we completed our scheduled external evaluation and review with the New Zealand Qualifications Authority (NZQA). The purpose of the NZQA review is to provide a public statement about PEC s educational performance and capability in self-assessment. As part of this review process, NZQA conducted interviews with our staff, our learners and community partners as well as reviewed our programmes and resources. The results of the review were positive and it reaffirmed the unique position of our organisation has within education.

9 page 7 THE LOTOPASIFIKA TEAM The responsibility for managing our Pacific language and cultural programmes rests with our LotoPasifika Team Manager: Caroline (Ligi) Harris. Caroline leads the LotoPasifika team with our Cook Island Educators: Rama Isaia and Tangi Upu. Our Fijian Educators: Tomasi Buwawa, and Tarisi Vunidilo. Our Niue Tutors: Ioane Aleke Fa avae and Lingi Sisikefu. Our Samoan tutors: Taupa ū Olofa lona, Fualole Robertson- Leali ifano, Leilua Lui Alofa, Tauanu u Sealiimalietoa Perenise Tapu, Jennifer Tapu and Lemoa Henry Fesulua i. Our Tongan Tutors: Frederick Loloa Alatini and Alisi Katoanga. Our Everyday English tutor: Nina Talau-Brown. Providing administration support across the team was Pastoral Care Administrator Makereta Nurminen. During the year, we reviewed our bi-lingual student resources. Our review was based on student feedback which identified areas that required further refinement. Student celebrations continued across the different learning hubs in Central, South and West Auckland areas at the end of each block programme. Below are some pictures of our student celebrations in our Central Auckland and South Auckland locations.

10 page 8 STATEMENT OF SERVICE PERFORMANCE PROMOTION PROGRAMMES THROUGH SOCIAL MEDIA We continue to enhance our promotions and marketing by increasing our presence in the social media space, by updating our PEC website, using radio to promote our programmes and introducing e-promos to be sent to all our community networks. ADVOCACY WITHIN EDUCATION Advocacy is an area where PEC promotes the value of specialist knowledge and skills associated with our diverse Pasifika languages and cultures. In 2014 we continued to share our Pasifika expertise with other educational agencies including ACE Aotearoa, Literacy Aotearoa, CORE Education, University of Auckland Team Solutions and also with the Commission for Financial Capability. As Pasifika learners and communities continue to be a priority group for government, there is an increasing need for agencies to increase their awareness about engaging with diverse Pasifika learners.

11 page 9 CELEBRATING PACIFIC LANGUAGE WEEKS A highlight for our organisation has been our commitment to celebrate and be innovative with Pacific Language Weeks. In partnership with different agencies and community groups we have developed and delivered targeted campaigns for each Pacific language week. This year, we have enjoyed driving our PEC idea of translating the New Zealand national anthem into Gagana Samoa. This one idea generated a lot of talanoa and discussion about the benefits of the language weeks with key stakeholders like the Ministry of Pacific Island Affairs, the Human Rights Commission as well as groups like FAGASA it turned out to be a fantastic idea. Our leadership role in the national anthem exercise has also resulted in the anthem in Cook Island Maori, Fijian and Vagahau Niue. We collaborated with community groups and also invested in the launch of Pacific language weeks using radio and social media audiences that went beyond our classroom doors. PEC STRATEGY

12 page 10 STATEMENT OF SERVICE PERFORMANCE INNOVATION WITH CULTURAL WORKSHOPS We continued to pilot targeted cultural workshops about value of understanding the cultural protocols. We were pleased to have piloted Fijian, Cook Island as well as Niue cultural workshops. Our cultural workshops reflect our efforts to match the genuine learning needs of different Pacific communities living in Aotearoa. ONLINE BOOKSTORE AND REFERENCE COLLECTION The responsibility for managing our PEC Online Bookstore and Reference Collection rests with our Office Administrator: Malianive Atkinson. In relocating to our new premises we have initiated discussions with preservation specialists to start the journey of digitising our PEC Reference Collection (former PEC library). This decision reflects the importance of preserving early editions, sharing information with libraries as well as identifying opportunities for developing new bi-lingual resources for the growing Pacific community learners. This year we successfully achieved our book sales target. Our learners, secondary schools and also families outside of Auckland purchase more readily through our online bookstore. We hope to see more book sales in the future as we continue to integrate key messages about our online bookstore across all our promotional activities. PEC STRATEGY

13 page 11 STATEMENT OF KEY PERFORMANCE INDICATORS FOR THE YEAR ENDED 31 DECEMBER Enrolment ratio = [enrolled/target] x 100% 2014 Enrolled Target Ratio Enrolled Target Ratio Total students % % 2 Student to tutor ratio = [students enrolled: tutors] 2014 Total tutors Enrolled students per tutor ratio Gender participation rate = [gender enrolment/total enrolment] x 100% 2014 Enrolled Ratio Enrolled Ratio Males % % Females % % Total students % % 4 Ethnic student participation rate = [ethnic enrolment/total enrolment] x 100% Ethnicity % 2014 Percentage % Samoan 49.5% 34.2% Cook Islands Maori 7.7% 12.2% Tongan 11.5% 4.0% Maori 1.5% 3.0% Fijian 2.7% 2.0% Tokelauan - - Niuean 5.4% 9.0% Tuvaluan - 0.1% Pakeha 10% 9.0% Chinese 0.1% 0.5% Other Undisclosed % 9.0% 17.0% Total 100% 100%

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16 page 14 STATEMENT OF FINANCIAL PERFORMANCE FOR THE YEAR ENDED 31 DECEMBER 2014 Note 2014 Income 1 984, ,147 Expenditure 2 969, ,119 Net surplus/(deficit) 14,940 39,028 STATEMENT OF MOVEMENT IN EQUITY FOR THE YEAR ENDED 31 DECEMBER Equity at start of the period 50,738 11,710 Net surplus/(deficit) for the period 14,940 39,028 Total recognised revenues and expenses for the period 14,940 39,028 Equity at end of the period 65,678 50,738

17 page 15 STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2014 Equity Note 2014 Retained Earnings 65,678 50,738 Total Equity 65,678 50,738 This is represented by: Assets Note 2014 Cash and bank balances 79,360 59,164 Accounts Receivable 1,692 - Prepayments 1,022 5,756 Inventories - 19,104 Total current assets 82,074 84,024 Non current assets Property, plant and equipment 4 50,310 47,628 Total non current assets 50,310 47,628 Total assets 132, ,652 Liabilities Current liabilities Creditors and accruals Current portion of finance lease liabilities ,449 5,257 70,071 6,016 Total current liabilities 66,706 76,087 Non Current liabilities Non-current portion of finance lease liabilities Total non-current Liabilities ,827 4,827 Total liabilities 66,706 80,914 Christine Nurminen Chief Executive Officer 10th March 2015 Sai Lealea Chairman of the Board 10th March 2015

18 page 16 STATEMENT OF ACCOUNTING POLICIES FOR THE YEAR ENDED 31 DECEMBER 2014 STATUTORY BASIS Pasifika Education Centre (previously PIERC Trust) is domiciled in New Zealand and is a Charitable Trust incorporated under the Charitable Trusts Act 1957 on the 5th day of October 1993, with the aim of improving the social and economic development of the Pacific Island people in New Zealand through the provision of quality education programmes. The Trust is also registered under the Charities Act The Financial Statements of the Trust have been prepared in accordance with Section 8 of the Constitution and Rules of the Trust. REPORTING ENTITY The reporting entity is that entity, known as Pasifika Education Centre (previously PIERC Trust), as is identified by the Pasifika Education Centre Trust Deed and is governed by the Board of Trustees and includes all activities carried out under the control of that Board. MEASUREMENT BASE The measurement base is that of historical cost, adjusted for valuation of property, plant and equipment brought forward from the old PIERC Trust which were valued on going concern market values at 1 January The reporting currency is in New Zealand dollars. FINANCIAL REPORTING FRAMEWORK These financial statements have been prepared in accordance with Old GAAP in New Zealand. Old GAAP comprises New Zealand Financial Reporting Standards and Statements of Standard Accounting Practice that existed prior to the introduction of New Zealand Equivalents to International Financial Reporting Standards. Pasifika Education Centre ( PEC ) has chosen to apply Old GAAP because it meets the criteria for doing so; that is, it was applying Old GAAP at 31 December 2011, and it is neither publicly accountable nor large as defined in the External Reporting Board s Standard A1: Application of Accounting Standards. The Minister of Commerce has approved a new Accounting Standards Framework (incorporating a Tier Strategy) developed by the External Reporting Board ( XRB ). Under this Accounting Standards Framework, PEC is classified as a Tier 3 reporting entity and will be required to apply Public Benefit Entities Simple Format Reporting Standard Accrual (PSFR - A). These standards have been developed by the XRB based on current International Public Sector Accounting Standards. The effective date for the new standards for registered charities will be for reporting periods beginning on or after 1 April This means PEC will transition to the new standards in preparing its 31 December 2016 financial statements.

19 page 17 DIFFERENTIAL REPORTING PEC is a qualifying entity within the External Reporting Board differential reporting framework. The Trust qualifies for differential reporting as it is not publicly accountable and is not considered large. The Trust has taken advantage of all differential reporting exemptions, except for FRS 19 Accounting for Goods and Services Tax which it has complied fully. ACCOUNTING POLICIES The following accounting policies that materially affect the measurement of financial performance and financial position have been employed in the preparation of the financial statements: GRANTS AND DONATIONS: Grants and donations are recognised when eligibility has been established from the grants and donor agency. Any grants for which the conditions under the grant agreement have not been completed are carried as liabilities until all the conditions have been fulfilled. Monies received for specific purposes are accounted for separately. ACCOUNTS RECEIVABLE: Accounts receivable are stated at expected realisable value after providing against debts where collection is doubtful. Bad debts are written off during the period in which they are identified. PROPERTY, PLANT AND EQUIPMENT: Items of property, plant and equipment are stated at cost, or valuation, less accumulated depreciation and impairment losses. Where an item of property, plant and equipment is disposed of, the gain or loss recognised in the statement of financial performance is calculated as the difference between the sale price and the carrying amount of the asset.

20 page 18 STATEMENT OF ACCOUNTING POLICIES FOR THE YEAR ENDED 31 DECEMBER 2014 DEPRECIATION Depreciation is calculated on a diminishing value basis using rates which will write off their cost or revalued amount less estimated residual value over their expected useful lives. Depreciation rates used are; ± ± Computer hardware and software 40 60% DV ± ± Motor vehicles 30% DV ± ± Office equipment % DV GOODS AND SERVICES TAX All transactions are stated net of any GST component, except for accounts receivable and trade creditors which are stated inclusive of GST. TAXATION The Trust is registered as a charitable entity with the Charities Commission and is therefore exempt from income tax. EMPLOYEE ENTITLEMENTS Provision is made in respect of PEC s liability for employee entitlements. These are recognised on an actual entitlement basis. FINANCIAL INSTRUMENTS PEC is party to financial instruments as part of its normal operations. These financial instruments include bank accounts, accounts receivable and creditors. All financial instruments are shown at their estimated fair value. Revenue and expenses in relation to financial instruments are recognised in the statement of financial performance. All financial instruments are recognised in the statement of financial position.

21 page 19 LEASES Leases or hire purchase contracts where the Trust assumes substantially all the risks and rewards of ownership are classified as finance leases. Assets acquired by way of finance leases are stated initially at an amount equal to the lower of fair value and present value of minimum lease payments, and are depreciated using the same rates for the applicable categories set out above. Minimum lease payments are apportioned between interest expense and reduction of the outstanding liability. The interest expense component of finance lease payments is recognised in the statement of financial performance using the effective interest rate method. Other leases are classified as operating leases. Payments made under operating leases are recognised in the statement of financial performance on a straight line basis over the term of the lease. Lease incentives are recognised in the statement of financial performance over the lease term as an integral part of the lease expense. INVENTORIES Inventories are stated at the lower of cost and net realisable value. Net realisable value is the estimated selling price in the ordinary course of business, less estimated costs of completion and selling expenses. Cost is based on the first in first out principle and includes expenditure incurred in acquiring the inventories and bringing them to their existing condition and location.

22 page 20 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2014 CHANGES IN ACCOUNTING POLICY There have been no changes in accounting policies. All accounting policies adopted are consistent with those of the previous year. 1 Income 2014 Funding - Tertiary Education Commission (TEC) 763, ,488 - Ministry of Social Development 144, ,450 Book sales 9,711 8,263 Interest Income Grant Received 3,000 6,000 Other income 63,451 85,628 Total income 984, ,147 2 Expenditure 2014 Other Expenses 332, ,252 Direct Costs of Programmes 50,179 30,005 PEC Office Expenses 504, ,082 Relocation costs (one-off)** 58,827 - Costs of Books Sold 22,947 2,780 Total expenses 969, ,119 The lease agreement for Pasifika Education Centre s offices at building 4, 17 Lambie Drive expired in May In an effort to enhance the visibility of, and access to, Pasifika Education Centre, as well as reduce rental costs, the Board decided not to renew the lease and relocate to building 7, 17 Lambie Drive. One-off costs of 58,827 were incurred to restore the old premises to their original condition. 3 Statement of financial performance The net (deficit)/surplus is stated after charging: 2014 Audit Fees 9,000 9,000 Depreciation 13,945 12,876 Rent 174, ,795 Write down of inventories 19,104 - Operating leases (excluding rent) - 1,338 Interest expense Loss / (Gain) on disposal of plant and equipment 2,315 -

23 page 21 4 Property, plant & equipment and provision for depreciation 2014 Cost Accumulated depreciation 2014 Book value Computer hardware and software 70,931 68,381 2,550 Motor vehicles 36,829 27,198 9,631 Office equipment 124,474 86,345 38,129 Total 232, ,924 50,310 Cost Accumulated depreciation Book value Computer hardware and software 70,931 65,963 4,968 Motor vehicles 36,829 23,147 13,682 Office equipment 109,898 80,920 28,978 Total 217, ,030 47,628 Two motor vehicles with a carrying value of 6,585 (:9,586) serve as security for finance lease liabilities. See Note 7 for details. 5 Depreciation charge by asset category 2014 Computer hardware and software 2,418 4,351 Motor vehicles 4,051 2,340 Office equipment 7,476 6,185 Total 13,945 12,876 6 Creditors and accruals 2014 Trade creditors 8,287 5,914 Accruals 19,000 19,000 GST 15,254 19,566 Accrued employee entitlements 18,908 25,591 61,449 70,071

24 page 22 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER Motor vehicle loan The Trust entered into a loan agreement with BMW Financial Services New Zealand Limited to finance the purchase of two motor vehicles in The term of the loan is 24 months from 2 October. The motor vehicles obtained through the finance leases serve as security over the liability below. Total minimum lease payments Less: future lease finance charges Balance , ,257 12,227 1,384 10,843 Current portion Non-current portion Total ,257-5,257 6,016 4,827 10,843 8 Financial instruments ± ± Credit risk Pasifika Education Centre has minimal credit risk in its holding of its various financial instruments. These instruments include cash, bank deposits and accounts receivable Accounts receivable are stated at their estimated realisable value after providing for amounts not considered recoverable. There are no significant concentrations of credit risk for accounts receivable. ± ± Fair value The fair value of the financial instruments is equivalent to the carrying amount disclosed in the Statement of Financial Position. 9 Statement of contingencies There are no known material contingencies as at 31 December 2014 (: None).

25 page Statement of commitments The following amounts have been committed to by Pasifika Education Centre, but not recognised in the financial statements. Operating leases Non cancellable operating lease commitments 2014 Current 105,724 98,604 Non-current 149,961 33,292 Total 255, ,896 Pasifika Education Centre leases premises and equipment. Operating leases held over properties give Pasifika Education Centre the right to renew the lease subject to a redetermination of the lease rental by the lessor. There are no renewal options or options to purchase in respect of equipment held under operating leases. Capital commitments Amounts committed to capital expenditure Board of Trustees fees The following fees were paid to Board members during the year: 2014 Sai Lealea 1,135 - Jannitta Pilisi 1,092 - Letoa Henry Jenkins Mele Wendt Sefita Alofi Hao uli 1,135 - Panu Raea Tanuvasa Tavale Neville Wilson Clyde Young - - 4, There is a commitment for Board fees to be increased in 2015 subject to approval from the Minister of Pacific Island Affairs.

26 page 24 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER Post balance date events There have been no events subsequent to balance date which require disclosure or adjustment to the financial statements (: None). 13 Related parties There were following related party transactions during the year. Fees were paid to the trustees of PIERC Trust as stated in Note 11. During the year tutor s fee of nil (: 1,776) was paid to TofaeonoTanuvasa Tavale, a then trustee of Pasifika Education Centre. 14 Going concern The financial statements have been prepared on a going concern basis, the validity of which depends upon the Trust s ability to continue to receive sufficient government funding and contractual income for future operations. The Tertiary Education Commission has committed to provide funding for the 2015 financial year. The Trustees are confident that the Trust will receive sufficient cash flows to enable it to pay its debts as and when they fall due; and to operate for a further period of twelve months from the date of signing these financial statements.

27 page 25 ANNUAL REPORT FOR THE YEAR ENDING 31ST DEC 2014

28 page 26 OUR BOARD OF TRUSTEES CHAIRMAN Mr Sai Lealea (Chairperson) Mr Lealea has 15 years of public sector experience in New Zealand where he held senior management positions including Policy Manager at Ministry of Social Development and, Director of Monitoring and Governance at Ministry of Pacific Island Affairs. His expertise includes policy development, design, implementation, and monitoring. Mr Lealea has undertaken contract work for a number of organizations including New Zealand on Air and the Ministry of Social Development. Previously Mr Lealea was a member of the New Zealand Arts Council and was Chairperson of the Pacific Arts Committee. Mr Lealea is a respected leader in the Fiji community in New Zealand. MEMBERS Ms Jannitta Pilisi Ms Pilisi has extensive experience as a senior executive in the tertiary education sector. She recently completed a contract for AUT University and has served on the Tertiary Education Commission s Pasifika Working Group. Jannitta previously served as a directorate member of a large Private Training Establishment for 12 years. Since 2010, she has undertaken a number of consulting projects which include business systems design, governance, advocacy, and legal or employment advice. Ms Pilisi has been the chairperson of the Pacific Poppies Foundation Trust since She also maintains strong connections with various Pacific communities in Aotearoa New Zealand and is proud to be a member on the PEC Board. Mr Letoa Henry Jenkins Mr Jenkins is the Chief Executive Officer of Pacific Media Network (PMN). As an experienced chartered accountant, Mr Jenkins has worked for private sector companies overseas and has extensive experience providing advice on business growth, operational strengthening, capacity building and governance. Mr Jenkins is also a member of a number of community boards including the Family Life Education Pasefika Trust, Village Collective, Pacific Music Advisory Panel and the Hay Park Primary School Board of Trustees. Ms Mele Wendt Ms Wendt is the (founding) director of a new social enterprise Scholarship Services Aotearoa, and has had an extensive career within the education sector. Ms Wendt was the former Executive Director of Fulbright New Zealand for ten years, managing the prestigious educational exchange programme between New Zealand and the US. She also worked at Victoria University of Wellington for nine years as the University s founding Pacific Islands Liaison Officer and Manager of the Student Recruitment and Course Advice Office. Her first career was as a secondary school teacher in Auckland and Wellington. Ms Wendt currently serves on a number of Boards, including the Lottery Wellington/Wairarapa Community Committee, and is based in Wellington.

29 page 27 Mr Sefita Alofi Hao uli Mr Hao uli has over 25 years of experience in the broadcasting and media sector in New Zealand. Mr Hao uli is an experienced journalist and has worked for various media organisations including TVNZ and 531PI Ltd. He has chaired a number of boards including Chairman of the Pacific Arts Committee of Creative New Zealand and Chairperson of the Pacific Health Advisory Committee at Counties Manukau District Health Board. He has a wealth of experience in media, governance, management and engagement with Pacific communities. EX-OFFICIO MEMBERS Mr Fonoti Seti Talamaivao Mr Talamaivao is the Regional Manager for the Ministry of Pacific Islands Affairs Auckland office. Mr Talamaivao is a qualified lawyer and has been working with the public service for more than ten years. Ms Yvette Guttenbeil-Po uhila Ms Guttenbeil-Po uhila is an Education Manager, responsible for schools in the North West network and the Auckland Pasifika Education team for the Ministry of Educaiton, Mt Eden office. Ms Guttenbeil-Po uhila has an education research background and has worked in the public service for twenty years.

30 page 28 OUR STAFF MEMBERS Chief Executive Officer Office Administrator TWOA Admin / Receptionist LotoPasifika Team Manager PAFT Co-ordinator PAFT Educator Pastoral Care Administrator Cook Island Educators Christine Nurminen Malianive Atkinson Manjulikah Bhugowan Caroline (Ligi) Harris Beverly Manetoa Rama Isaia Makereta Nurminen Tangi Upu Rama Isaia Fijian Educators Tomasi Buwawa Tarisi Vunidilo Niue Educators Lingi Sisikefu Ioane Aleke Fa avae (to June 2014) Samoan Educators Taupa ū Olofa Iona Fualole Robertson- Leali ifano Tauanu u Sealiimalietoa Perenise Tapu Jennifer Tapu Lemoa Henry Fesulua i Leilua Lou Alofa (to March 2014) Tongan Educators Alisi Katoanga Frederick Loloa Alatini

31 page 29 OUR DIRECTORY Registered office: Building 7, 17 Lambie Drive, Papatoetoe Manukau, Auckland, PO Box , Otahuhu Auckland 1640 Phone: (09) Fax: (09) Website: Auditors: Accountant: Bankers: Solicitor: CST Nexia Audit Level 3, 22 Amersham Way Manukau City Post Office Box Auckland Johnston Associates Chartered Accountants Limited 202 Ponsonby Road, Auckland 1011 PO Box , Victoria Street West, Auckland 1142 Phone: (09) Fax: (09) Website: ww.jacal.co.nz ANZ Bank New Zealand Limited Westpac New Zealand Limited ASB Bank Limited Blair Edwards Limited Level 4, Chancery Chambers, 2-8 Chancery Street, Auckland, New Zealand PO Box , Victoria Street West, Auckland 1142, New Zealand Phone Fax: Website: Vinci Law 124 Great South Road, Greenlane Auckland, New Zealand Phone: (09) Fax: (09) Website:

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