KU Annual Report 2013 | Page 7

Extending on the hugely successful launch of KU’s Understanding Quality booklet for families in 2012, we went on to distribute more than 80,000 free hard copies across the country, and developed and launched the first Quality Childcare app to assist families in identifying and choosing quality childcare. This was closely followed by a second app designed specifically for KU Annual Conference participants. Reflecting our unwavering commitment to continuous improvement in our pursuit of quality, we expanded our Professional Learning Program to include the formation of Professional Learning Communities to enable in-depth and targeted learning and thought leadership to occur. An increasing number of external educators participated in KU’s Professional Learning Program which included our very successful KU Annual Conference. The Conference featured Dr Lillian Katz, a well known international keynote speaker and attracted more than 850 registrants. Of course the year had its challenges. Sadly we experienced the unexpected withdrawal of two of our corporate clients as they made the decision to cease to provide employer sponsored child care for their employees. As a result we managed the closure of both Billabond and Willows long day care services. This was a process managed with great sensitivity as we assisted families find new child care places for their children and re-deployed as many staff as possible within KU. After forty years of operation, we also managed the closure of KU Burnside Preschool following a decision by our landlord not to renew the lease, choosing instead to operate a new preschool service on that site. Due to lack of demand and changing demographics, KU made the decision to close KU Glenhaven Mobile Preschool. In 2013 we also continued to meet the challenge of several landlords seeking a significant increase in rent or full commercial rental returns on their assets. In this context, we successfully re-tendered for two of our services in one area and with the support of families, we led a very successful campaign in another area to stop the tendering out of the leases that had expired on seven preschools where we have been operating for between forty and sixty years. Towards the end of the year, the NSW Government announced the new community preschool funding model to come into effect in January 2014 and we continue to watch and assess the impact this has on the NSW preschool sector. Nevertheless we regard stewardship of being able to offer quality early childhood and education well into the future as one of our highest priorities. In this regard, we continued to focus on ensuring a sustainable future for KU and our financial result for 2013 was a total reported surplus of $2,868,786. Stuart Washington Chairman, Board of Directors Christine Legg Chief Executive Officer 9