Annual reports 2022 for Rockhampton grammar school reveal incomes, wages

Take a look inside the financial statements for 2022 for Rockhampton Grammar School and Rockhampton Girls Grammar including how much money they received for income and tuition and salaries for the principal and key staff.

Vanessa Jarrett

3 min read

April 27, 2023 - 4:00AM

Rockhampton Girls Grammar School principal Kara Krehlik and Rockhampton Grammar School headmaster Phillip Moulds.

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Annual reports and financial statements for the year ending 2022 have been formally tabled to Queensland Parliament as required by the Act.

See our following reports from the statements including the income of the schools and salaries paid to the executive teams.

ROCKHAMPTON GRAMMAR SCHOOL

Brad Beasley.

The Rockhampton Grammar School Board of Trustees’ Brad Beasley noted in his address that 2022 was a “challenging year” for the historic private co-educational school.

“However it is pleasing to report it has been a year of substantial achievement for the school,” his letter in the report read.

“After a delayed start to the year due to another COVID-19 interruption, the school has again been able to achieve success both academically and through our pastoral care, service and co-curricular programmes, notwithstanding the lingering challenges that remain.”

The report notes the refurbishment of the girls boarding housing was completed throughout the year as well as stage three of the Early Learning Centre with additional children welcomed into the new facility from July.

Under performance, the school recorded a financial surplus for the year.

“However the board and our executives remain conscious of the stresses and strains upon many families, particularly given the current inflationary environment in which we find ourselves,” Mr Beasley wrote.

“Surpluses are of course necessary, not only to fund the ongoing operation of the school but also to cover the cost of additional projects and infrastructure.

“We are also pleased to report our ongoing improvement in teacher effectiveness and ability to attract quality people to the school.”

Rockhampton Grammar School was founded in 1881 is one of the eight schools in Queensland under the Grammar School Act 2016.

The independent non-denominational day and boarding school caters for prep to year 12, as well as the early learning years.

“Enrolments are mostly drawn from Rockhampton and the Central Queensland region, but also further afield, including a small number of international students,” the annual report read.

The school is the largest independent boarding school in the state and second largest co-educational boarding school in Australia.

At the date of the February 2022 Census, the total enrolment was 1393 students, including 314 boarders.

Primary school years were 480 students and 913 in secondary.

While there were no full-time international students at the census date, the easing of travel restrictions later in the year allowed six international students to enrol.

Staff numbers were 281.8 staff on a full time equivalent basis.

RGS FINANCIAL STATEMENTS YEAR ENDING 2022

Tuition income:

2021: $12,248,342

2022: $13,012,414

Boarding income:

2021: $6,008,824

2022: $6,216,850

Total fee income:

2021: $19,385,154

2022: $20,374,999

State and Commonwealth grants income:

2021: $17,648,850

2022: $19,194,843

Early Learning Centre:

2021: $4,763,811

2022: $5,585,070

Other income total:

2021: $7,851,607

2022: $9,017,083

Employee expenses:

2021: $30,593,854

2022: $32,954,774

Total expenses:

2021: $43, 244,711

2022: $47,075,285

Operating result from continuing operations:

2021: $1,640,900

2022: $1,511,640

KEY EXECUTIVE REMUNERATION TOTALS:

Headmaster: $586,775

Secretary to the Board of Trustees: $245,470

Deputy Headmaster: $215,670

ROCKHAMPTON GIRLS GRAMMAR SCHOOL

Rockhampton Girls Grammar School Board of Trustees chairperson Jennifer Luck.

Chairperson for the Rockhampton Girls Grammar School Board of Trustees Jennifer Luck stated the business of the school was “sound”.

“We are operating profitably in tough economic times,” she said.

“Our financial planning is conservative and responsible and our stringent adherence to budget stands us in good stead.

“Girls Grammar continues to hold its own in the competitive private school market and student numbers are growing.”

In 2022, roof restoration works on the 130 year-old heritage listed Paterson House project was completed after 18 months.

The undercover multi-purpose court with state-of-the-art playing facilities for netball, basketball, volleyball and badminton was also completed.

As of the August 2022 census date, the school had 359 students, broken down into 255 day students and 104 boarders.

From prep to year six there were 135 students and 224 in years seven to 12.

The school employed 34 teaching staff, 33 non-teaching staff and 13 boarding staff.

The “largest portion” of the school’s operating expenses is staff costs and a salary and wage increase of 2.5 per cent was passed on to all employees from July 1, 2022.

The school operates as a “not-for-profit entity and reinvests revenue raised back into the school through capital infrastructure and strategic planning for long-term financial stability”.

The total operating income for the year was $12.6 million compared to $9.8 million the year before.

Tuition fees and federal grants “increased significantly” from 2021 due to the increase of 38 students and boarding fees increased following the increase of 18 boarders.

The operating profit position for 2022 was $1.78m, the “highest result” in many years.

“Whilst revenue is increasing, significant investment is being made in resourcing requirements, both staffing and other, and capital works upgrades for the benefit of the students,” the report reads.