International School of Prague Annual Report 2015-16 by International School of Prague

CONTENT 2

WELCOME

MISSION, PRINCIPALS’ LEARNING REPORTS RESEARCH 28 The Elementary School 34 The Middle School & DEVELOPMENT 36 The Upper School

08 Director’s Welcome 10 From the Chairman of the Board of Trustees 14 Leadership Team 2015-2016 15 Board of Trustees 2015 - 2016 16 ISP Board of Trustees Committees

20 ISP Mission Statement and Strategy 24 Learning, Research & Development

46 IT, ACTIVITIES & ATHLETICS 48 Information Technology 50 Activities

42 ISP Upper School Achievements 44 ISP Journeys - Class of 2016

SUPPORTING ISP

ISP COMMUNITY

56 Annual Fund 58 Cabaret 60 Guess Who’s Coming to Dinner? 62 Scholarship Program 64 Night Under the Stars 72 Individual Donations 74 Auction 78 Student Raffle 82 High Spirits in St Louis

86 School Community Association 88 SCA Executive Board 2015-2016 89 Our Community 90 ISP Alumni Association

FINANCIAL REPORT 94 Financial oversight – From the Board Treasurer & Operations Director 96 Consolidated Balance Sheet 97 Consolidated Profit And Loss Account

WELCOME 6

Director’s Welcome Welcome to the ISP Annual Report 2015-16. I see the report as a time of reflection, a yearly opportunity for everyone in the ISP Community to reflect on the year that was, but also a prospective look at our school and the ways in which we fulfill our mission to inspire, engage and empower learners.

My personal highlight of 2015-16, a year which provided us with many memorable moments, was reaching an important milestone on the strategic journey that our school and Community have collaboratively embarked upon. I am extremely thankful for the support and participation of our Community throughout this inclusive process and for their willingness to embrace positive change. This inclusive approach brought all of us, not only school leaders, but parents, staff, and students into a design thinking process. During this process we gathered numerous points of feedback about ISP from all constituents and synthesized this feedback to craft our strategic plan. Towards the end of the school year, we agreed on our strategic aim for our school that will help us deliver on our mission. The focus in all we do at ISP is to: Unleash our collective potential so that our school is greater than the sum of its parts. We devised five strategies through a Community-wide process during the 2015-16 school year all of which flow from the objective of unleashing our collective potential - based on: change, relevance, curiosity, coherence and community. These five strategies are the basis of everything we do at ISP for the coming years, hence the title ISP2020.

In line with ISP2020, the school developed an exciting, future-focused and comprehensive Master Facilities Plan, ensuring that our facility is responsive to the needs of 21st century learners for generations to come. Memorably in 2015-16 we staged a number of events, which showcased both our commitment to innovation and our position as a highly regarded school with a worldwide reputation. We were proud to host the first ever English-language TEDx youth event in the region. This allowed our senior students to take the lead role in organizing and managing a major event and to hear inspirational talks from leaders in a range of fields. We were also fortunate to welcome an impressive roll call of experts in the field of education to speak to our Community and to share their ideas and expertise through our ‘Edge in Education’ series. With the theme, “Empowering Learners to Think Critically & Creatively,” prominent educational speakers presented on a wide array of relevant topics; The Power of Inquiry with Education Consultant, Kath Murdoch; The Power of Illustrated Journaling with Artist in Residence, Danny Gregory; Creating a Culture of Thinking, with Mark Church; and The Power of Principles with Peter Mott, Kevin Bartlett and Greg Curtis. Towards the end of the year we also had the great honor of accepting a lasting personal gift from our dear friend and colleague, the irrepressible Mr. Chip Doehring. The wonderful “Wall of Wonder” artwork on the Elementary School

foyer wall will inspire younger ISP students and all of us for many years to come. Ultimately our mission is for each and every student to lead healthy, fulfilling and purposeful lives. It is therefore natural to connect with ISP alumni to gain a better appreciation of how we have impacted and influenced our former

Unleash our collective potential so that our school is greater than the sum of its parts. students as they live out their lives. I attended the inaugural meeting of the ISP Alumni Council, which is a group of former students, who will take forward how alumni connect with each other and maintain their relationship with ISP. The meeting took place in the latter part of 201516 and I must say that the group’s enthusiasm for our school and the positivity about bringing together ISP Alumni is infectious. I’m very much looking forward to watching alumni relations grow in the coming years. Our International Bacculaurate (IB) results for 2015-16 were again impressive. 89.5% of ISP IB candidates successfully gained the diploma. The ISP average of 33 was comfortably above the world average of 30 points. 37% of students achieved scores of 35 points or higher. 11% scored 40 points or higher.

These results should be looked upon in the context of our commitment at ISP to being a non-selective school. We see our role as being to ensure that all of our students are given the support and drive to fulfill their individual potential. In other words, our philosophy is that, unlike many other schools, all of our senior students are given the opportunity to obtain the IB Diploma. Our diverse and dynamic community here at ISP of more than 60 nationalities enables us to provide our students with an unparalleled international educational experience. We are very fortunate to have many within our Community who are ever eager to get involved in activities around the school. We also have an outstanding and highly accomplished international faculty team, for whom innovation and stimulating curiosity for learners is central to their work. Our world-class facilities are assets of which we are justifiably proud, and we are working hard on ambitious plans to further improve our campus.

These are exciting times for ISP, as we move towards record enrollment in the school we will continue to challenge our whole community to live out our strategic aim - to unleash our collective potential so that our school is greater than the sum of our parts.

Dr. Arnie Bieber Director

From the Chairman of the Board of Trustees The role of the Board of Trustees at the International School of Prague is to ensure good governance of the school assets and to ensure realization of the mission and vision of ISP - to inspire, engage and empower. This is made easier for the Board by the excellent working relationship we enjoy with the Schoolâ&#x20AC;&#x2122;s Director, Dr. Arnie Bieber, and his team so we can assist in maintaining and building upon our position as the premier international school in the region. 10

This has been a good year even by ISP standards thanks to the dedication, passion and the hard work of our Faculty and Staff. We have had an all-inclusive strategic planning process this past year, and in this regard we want to thank everyone in our community, students, faculty and staff for their proactive and extremely valuable contributions. One of the many benefits of this work is the new proposed layout of our campus embracing the future of education together with new athletic facilities. Importantly, we will keep all our students at the same location. To be able to realize the above expansion of our facility the Building and Grounds Committee has proposed a staged development of our new facility in conjunction with Advancement Committee fund raising activities. International schools are experiencing significant growth around the world. According to independent recent research, the number of English language medium international schools has grown in excess of 40% worldwide over the last five years, with an even greater percentage of growth in student numbers. European international schools are very much part of this pattern. ISP is reflective of this trend, with student numbers displaying steadily rising student numbers over the same five-year period. Between 2010-11 and 2015-16 ISP enrolment has increased by fifty students. Managing this growth presents challenges to a school as we look to deal with increasing demand while maintaining standards and striving for improvement. I personally, however, see this growth as very positive and I see it as both vindicating international education generally, and

Boundless enthusiasm shown by our Community members to get involved in activities around the school. the truly authentic international education offered at ISP specifically. I certainly view the happiness and progress of my own children, as they make their journey through the Elementary and Middle Schools respectively, as further evidence of the benefits of an ISP education. The International Bacculaurate (IB) results for 2015-16 again being impressive is further confirmation of the confidence current and prospective parents can have in the thoroughness of the program at ISP.

I would like to pay tribute as is becoming customary in this section of the Annual Report, to take the liberty of saying, on behalf of my fellow Trustees and all parents, thank you to all ISP faculty and staff for their hard work and dedication. This dedication, aligned with the strength of our community means collectively we have right people in place to take the school forward to further growth and success. Sincerely,

A key strength of ISP is our community. This is epitomised by the seemingly boundless enthusiasm shown by our Community members to get involved in events and activities around the school. As a non-profit school, the Annual Fund is key to providing a standard of education that tuition fees alone cannot provide. I am delighted to report that the Annual Fund, for which 2015-16 was its third year, goes from strength to strength. We improved on our total substantially from 201415, by a very impressive 35%, and the Annual Fund is starting to make an impact on the type of programs that ISP is able to offer.

Neville Parry Chairman of the Board of Trustees

We all know that educating our children at ISP is not inexpensive. However, the Annual Fund allows us to improve our facilities and programs immeasurably. We look forward to building upon the success of the Annual Fund in 2016-17.

Leadership Team 2015-2016

Director Dr. Arnie Bieber

Upper School Principal Dr. Mark Frankel

Business & Operations Director Barry Freckmann

Elementary School Principal Dr. Cindy Gause-Vega

Elementary School Associate Principal Corky Hawkins

Middle School Principal Danielle Fredericks

Director of Information Technology Sheldon Bradshaw

Director of Learning Research and Development Teresa Belisle

Director of Activities Joe Monks

HR Director Petr Draxler

Director of Advancement Clive Watkins

Board of Trustees 2015 - 2016 The all-volunteer Board of Trustees oversees the governance of the school. The Board of Trustees establishes policies and procedures as needed to enable the school to function effectively and efficiently.

The Board of Trustees recognizes the Director as its Chief Executive Officer, and charges him with the administrative functions of operating the school.

Chair Neville Parry

Member Staffan Erenmalm

Vice Chair Jan Sykora

Member Ben Maudling

Treasurer Subramanian Ravi

Member Tamar Newberger

Member Timothy Shaw

Secretary Kim Strebel

Honorary Member Peter Ridder

Member Marie Bossan

Honorary Member Martin Blecha

ISP Board of Trustees Committees The Board of Trustees of the International School of Prague s.r.o., maintains three standing committees: the Governance, Finance and Advancement Committees. In addition, the Board of Trustees created the Building and Grounds Committee. Committees are predominantly populated with Board members, while the Board Chair and the ISP Director are ex-officio members of all committees. Committees also include members from the ISP community with expertise in specific fields.

Governance Committee

Finance Committee

This Committee coordinates the identification, cultivation, recruitment, and orientation of new trustees; facilitates Board self-assessment; identifies the Boardâ&#x20AC;&#x2122;s needs for personal development and designs vehicles to meet those needs. The Committee also has a reviewing role and makes recommendations on governance issues.

This Committee, in partnership with the School Head and Business & Operations Director, develops the long-range financial plan and yearly operational budget. This includes setting tuition levels for Board approval, monitoring the implementation of the budget and making periodic reports to the Board.

Kim Strebel, Chair Marie Bossan Tamar Newberger Neville Parry Arnie Bieber, ISP Director

Subramanian Ravi, Chair Neville Parry Staffan Erenmalm Gregor Hofstaetter-Pobst Gary Mazzotti David Sturgeon Ajit Virk Arnie Bieber, ISP Director Barry Freckmann, ISP Finance & Operations Director Simona Kacerkova, ISP Finance Manager

Advancement Committee

Building and Grounds Committee

This Committee coordinates the schoolâ&#x20AC;&#x2122;s fundraising activities. The Advancement Committee advises the Board on the financial goals of the annual fundraising events, facilitates trustee and other volunteer involvement in fund- and friend-raising activities, raises funds and oversees marketing and communications.

This Committee develops the master plan for the schoolâ&#x20AC;&#x2122;s buildings and grounds in cooperation with the school staff for Board approval, reports to the Board periodically on major plant and campus issues and keeps the Finance committee informed of building and grounds needs. The Committee provides Board oversight of major building projects, but does not act as the project manager.

Tim Shaw, Chair Marie Bossan Tamar Newberger Martin Blecha Carissa Held Scott Neuman Rebecca Farmer Sean Krebs Neville Parry Arnie Bieber, ISP Director Clive Watkins, ISP Director of Advancement Andrea Koudelkova, ISP Associate Director of Advancement Natalie Kvackova, ISP Admissions Manager Tony McLaughlin, ISP Communications Manager

Jan Sykora, Chair Ben Maudling John Wilkinson Mark Sanders Albin Sybera Aitor Alvarez- Rodriguez Neville Parry Arnie Bieber, ISP Director Barry Freckmann, ISP Finance & Operations Director Vladimir Manda, ISP Facility Manager

MISSION, LEARNING RESEARCH & DEVELOPMENT 18

ISP Mission Statement and Strategy Everything that we do at ISP is geared towards fulfilling our Mission, which is to Inspire, Engage and Empower.

INSPIRE

We inspire learners to lead healthy, fulfilling and purposeful lives, preparing them to adapt and contribute responsibly to our changing world.

ENGAGE

We engage aâ&#x20AC;Żdiverse community in an authentic global education, within aâ&#x20AC;Żnurturing student-centered environment.

EMPOWER

We empower learners to: Think critically and creatively Work cooperatively and independently Listen and communicate effectively Act with compassion, integrity, respect and intercultural understanding.

ISP2020 At ISP, the focus of all we will do in the coming years is our ISP2020 strategic objective:

To unleash our collective potential, so that our school is greater than the sum of its parts. To help us to achieve this aim, which is integral to fulfilling our mission, we have five strategies; upon one or more of which everything we do at the school is based. These are: We create change thatâ&#x20AC;&#x2122;sâ&#x20AC;Żbigger than we are. Personal relevance, individual progress and real-world experiences are at the heart of our learning. Curiosity drives what and how we learn. How we learn is coherent and connected through the school. Everyone in our community takes active steps to learn with and from each other.

Learning, Research & Development To ensure our ISP learners will be prepared to “adapt and contribute responsibly to our changing world,” we continually research and reflect on how to best facilitate learning across our community. Based on these investigations, we enhance and refine our learning program, for both children and adults. ISP undertook a new approach to strategic planning this past year, which involved representatives from all constituents surfacing challenges we face in further realizing the ISP Mission. This design thinking process resulted in the ISP2020 Strategic Objective: Unleash our Collective Potential so that ISP is greater than the sum of its parts. Our community, in the next several years,

will research and develop the strategies related to this objective. This past year our focus has been to inspire, engage, and empower learners, both students and adults, to think critically and creatively, a key competency of the ISP Mission.

INSPIRE

As we inspire our learners to think, both within and across disciplines, targeted foci included: Design Thinking for social innovation: As we support learners in their capacity to contribute responsibly to the world, we have been exploring ways to incorporate more of a user-centered design thinking process. This is so that the process of finding solutions begins with a clear purpose and audience. Design thinking was used in mathematics, science, social studies and design courses in an effort to be more authentic and based on real-life experiences in their approach to problem solving. Mathematical Thinking: Never has mathematical thinking been more important than now. We are making sure we know what we mean by mathematical thinking and in what ways this type of thinking can be nurtured. Projects working to develop mathematical thinking in authentic and relevant settings included math students working with other International Schools around the Zika virus, students designing and building a model of a new and improved ISP, and interpreting “big data” to make sense of what’s happening in the world. Thinking in another language: In an effort to inspire learners when learning an additional language, we are investigating ways to frame the learning within concepts that are age-engaging and relevant. We continue to look for ways our school and local community can be leveraged to provide authentic experiences and interactions for our language learners.

ENGAGE

EMPOWER

To realise the ISP Mission, we invite our parent community to better understand what, why, and how we learn here at ISP so that they are empowered to partner with us in supporting their child’s learning. This past year, specific discussions happened related to the areas of Mathematics, Social-emotional learning, and Modern Languages. In addition to the general parent sessions, The Edge in Education engages parents in thought-provoking presentations and discussions of current and future trends in education. This year we had a large turnout for The Power of Inquiry with Kath Murdoch, The Power of Illustrated Journaling with Danny Gregory, The Power of Creating a Culture of Thinking with Mark Church, The Power of Principles with Kevin Bartlett, Greg Curtis, Peter Mott. We’ve enjoyed another powerful year of learning research and development at ISP. We look forward to continued transformation to ensure that ISP remains a world leader in International Education.

Teresa Belisle Director of Learning Research and Development

Faculty further developed understanding and related skills in using design thinking for the classroom with the support of Ewan McIntosh and in creating a culture of thinking with the guidance of Mark Church. Sections and/or teams across the school participated in targeted professional learning relevant to their role and area of the school: Illustrated journaling for close observation and documentation (Danny Gregory) Learning through inquiry (Kath Murdoch) Adaptive Schools Leadership Seminar (Michael Dolcemascolo and Fran Prolman from the Thinking Collaborative) Reggio inspired learning (Christine Chaille from Portland State University) Math Assessment (Steve Leinwand) As we continually strive to hone our expertise by learning with and from one another, professional learning also happens during cross sectional focus groups. This year, faculty coalesced around the ideas of sketch journals, social innovation, creating thinking classrooms, host country integration, learning music through sound, reimagining support services for the 21st century, and the Reggio approach. In addition to the extensive onsite professional learning mentioned above, we supported the attendance at targeted workshops and conferences in the region and around the world. Faculty, aides, counselors, and administrators attended and presented at more than 110 conferences, workshops and courses.

PRINCIPALSâ&#x20AC;&#x2122; REPORTS 26

The Elementary School Core to ISP’s mission is the engagement of students in authentic learning experiences. Throughout the Elementary School years children have an opportunity to develop the thinking skills of ‘experts’ in all areas of the curriculum, applying these skills through active involvement in real-life contexts and through learning from experts in our midst.

Thinking Like a Mathematician A primary goal for the 2015-2016 school year was to support the development of students’ mathematical thinking and their construction of a mathematical understanding of the world. With this in mind, we: Provided students with opportunities to use a wide variety of concrete materials to develop an understanding of mathematical concepts and develop skills in computation. Engaged students in solving real world math problems that are complex and difficult to figure out. We used tasks from Young Mathematicians at Work, created by Dutch and American mathematicians and researchers, Catherine Twomey Fosnot and Bill Jacob. In this task students were given the task of figuring out whether students on a field trip received fair shares of submarine sandwiches when different sized groups got different numbers of subs. This task required students to use their knowledge of fractions to make sense of the problem. Encouraged students to explain and justify their mathematical thinking in ‘math meetings’

with their classmates and in their math journals. These structures provided children with the opportunity to develop their own thinking, as well as learn from the variety of strategies and ways of thinking of their classmates. Through these processes class teachers helped students to develop efficient mathematical algorithms. Invited families to the second annual Family Math Night. Parent and children had fun playing math games and eating pizza. We hope these engaging math evenings help families have such a positive experience with math that they will play these games at home. Thinking Like an Artist Throughout the 2015-16 school year the Elementary School Art Teacher, Chip Doehring (Mr. Chip), modeled what it means to be a practicing artist as he designed and painted an amazing mural in the Elementary School. Not only is this a beautiful piece of art, but the windows of the mural, “Our Wonder Wall”, are used as display cases in which descriptions of current Units of Inquiry are shown.

The children documented their learning through photos, drawings, and explanations of their observations. Mr. Chip involved the whole community in the artistic process, from enlisting maintenance staff in constructing the ‘canvas’, to eliciting input from community members on a bulletin board on which he displayed different sketches and possibilities for the mural. Over the year and a half that it took to design, paint, and complete this project we were all a part of watching the artistic process unfold. The whole community had an opportunity to see what it means to think (and create) like an artist. Thinking Like a Scientist Scientists research the real world, formulate hypotheses from their observations, try out these hypotheses in experiments of trial and error, and formulate conclusions. Kindergartners engaged in a year-long study of the forest next to ISP, collecting evidence of the changing seasons and formulating predictions of what would happen next. Like biologists and botanists who work in the field, the children documented their learning through photos, drawings, and explanations of their observations. They studied and analysed their own findings over time and reached conclusions about the changes in the forest through the different seasons.

In Grade 4 the children learned about electrical circuits and how electricity works. Using what they learned, they worked to create electrical circuits and documented the process on their iPads. Like scientists, they then had to explain what they had learned and why (or why not) their experiments worked. Thinking Like a Writer Starting in PreKinder children learn that writing is a process. They learn about where writers get their ideas, how writers write many drafts as they develop and change their ideas, and that writers read many, many books as ‘mentor texts’, or examples for their own writing. Children learn to be writers by engaging in this writing process themselves. In September, they had the chance to learn from the author and illustrator, Marcia Williams. Marcia has published many children’s books, including books about history, as well as retellings of Shakespeare’s plays. She talked with the children about her own writing process and what is involved in publishing books. Here the children are enthralled as Marcia shows them what a book looks like when it is in gallery proofs.

Dr. Cindy Gause-Vega Elementary School Principal

The Middle School In 2015-2016 we continued to move forward in the strengthening of our Middle School program in order to Inspire, Empower and Engage.

Schedule We further refined the Middle School schedule in order to maintain the balance in instructional time. During 2015-2016 we also began planning for the schedule for 2016-2017. The end result was an even more consistent and regular pattern of when classes meet, as well as having greater alignment with the Upper School. Stretch Day Learning We remain committed to Stretch Day Learning, which provides opportunities for students to be involved in extended, in depth learning. Here students are challenged to think critically and creatively and to pose and solve problems. Being able to work as a member of a team is central to this type of learning, as are Curricular links within and across disciplines and Grade Teams. We are proud of this aspect of our program as it reflects our commitment to educational innovation. Learning Habits As well as developing subject understandings, we also believe that developing strong learning habits or approaches to learning are an integral part of current and future student success. As outlined in ISP’s mission, we aim to inspire,

engage and empower students. In alignment with the mission, we further refined our Learning Habits in Middle School this year. Our goal is for students to demonstrate self-direction, positive and meaningful interactions in their approach to their learning. Assessment For 2015-2016 we implemented the new the 1-7 grading scale. This approach honored the previous work on standards based assessment while providing stronger alignment with Upper School. As outlined in the Middle School Student and Parent Handbook, the expected level for students is around a 5. Student Voice After working with Student Council on the creation of the Middle School Student and Parent Handbook in 2015-2015, we continued in our commitment to ensuring students have a voice in issues that directly affect them and their learning. The Student Council took the lead in planning and delivering Middle School Assemblies, which was a great way to celebrate our students’ achievements and special events in our Middle School community. Students are also given the

Our goal is for students to demonstrate self-direction, positive and meaningful interactions in their approach to their learning. opportunity twice a year to provide anonymous feedback to their teachers about their learning. Another new development this year was that Upper School students invited Middle School students to write for their student newspaper, The Falcon Post. Advisory Program Our Advisory program is centered on building relationships and providing academic, social and emotional support for students. We further developed our program in creating a menu of approaches across the Grade levels, including Council Time (a reflection and relationship building activity), Journal Writing and Personal Learning Time (which may focus on academic work or learning habits). Service Learning Another area we developed this year was opportunities for meaningful service learning.

Through some of their Stretch Days, Grade 6 students worked directly with the orphanage Kangaroo Home to build relationships. Later in the year, together with the SCA, our students were also involved in a musical exchange with students from the special needs school Pink Crocodile. Our plan for the future is to continue to investigate opportunities for increased, sustainable service learning opportunities in Middle School. I thoroughly enjoyed my second year at ISP. I am proud of our program and of our work in moving forward in further realising ISP’s mission. We have a wonderful team of teachers and students who combine to make Middle School a special place to be.

Danielle Fredericks Middle School Principal

The Upper School The 2015-2016 school year was marked by the kinds of academic and emotional growth that only occurs when students and educators are working together to harness the innate curiosity in all of us. Our superb faculty embodies our school’s goal to facilitate learning that exceeds the classroom limits, the kind that crosses disciplines to make real-world connections.

To accurately record everything that happens over the course of even a single day is, as literary history tells us, a Herculean (or Odyssean) undertaking. And so to capture all the extraordinary learning that happens over the course of entire school year is well nigh impossible. And so, instead of a laundry list, here are a few highlights. TEDxYouth Conference The first TED conference occurred in California, in 1984, and since that time, the TED phenomenon has spread worldwide. To further the organization’s goal of promoting “Ideas Worth Spreading,” TED organizers decided to allow independent groups to organize their own, smaller conferences, called TEDx. These, in turn, expanded to allow students from all over the world to create their own TEDxYouth events. On 31 October 2015, ISP hosted our first TEDxYouth@ISP Conference. The conference was organized almost entirely by students. It was spearheaded by one of our graduates, Elya Mariutsa (Class of 2016), who proposed the idea of the conference when she was in Grade 11. A team of students and their faculty advisor worked together to audition potential speakers,

manage promotional material, coordinate with staff members to create the set, and create eye-popping graphics. In addition, all of the talks were filmed and edited by ISP film students. The event itself was incredible, with captivating talks on such topics as the environmental cost of modern technologies, sex trafficking in Europe, the impact of culture on life and death decisions, and lessons on leadership from Shakespeare. Of particular note was Sahar Nahib’s talk on being a child refugee. In 1998, Sahar and her family fled the Afghan Taliban and, after moving through several countries and three refugee camps, she ended up as a student here at ISP. Now an ISP alumna, Sahar is working as an assistant in the Elementary School. The conference was an outstanding example of students taking the initiative to create an authentic learning experience for the whole community. Robotics On 28 February 2016, ISP hosted the CEESA/ First Tech Challenge (FTC) Robotics Tournament. Founded by the inventor/entrepreneur Dean Kamen, The FIrst Tech Challenge aims to

“inspire young people to be science and technology leaders, by engaging them in exciting Mentor-based programs that build science, engineering, and technology skills, that inspire innovation, and that foster well-rounded life capabilities including self-confidence, communication, and leadership.” Robotics is all about problem-solving, cooperation, gracious professionalism, and leadership, and all of these traits were on display at the ISP-hosted event. Twelve teams competed here at ISP and it was a truly inspiring event with all the teams simultaneously competing and cheering each other on. While the ISP robot, Sokol (Czech for falcon) did not earn the most points during the competition, our team was given the prestigious FTC Inspire Award because the judges felt that the ISP team embodied the values and challenge of the competition and that we were a “role model FTC team.” Winning this award meant that the team was invited to the World Championships in St. Louis, Missouri.

Students taking the initiative to create an authentic learning experience for the whole community. In order to even get to St. Louis, team members put together a presentation to aid in a fundraising drive to help defray the costs for the big trip. With one hundred and twenty teams in the competition, the competition was intense. While they did not bring home a trophy (this time!), it was a great learning experience. One team member said that they all learned the importance of planning and that this year they are using PTC 3-D modeling software to prototype and simulate their new designs. We are hosting the competition again this year, so come on out and see what all the fuss is about! Stretch Days Though the 2015-2016 school year was our second to feature the innovative Stretch Day program, it was no sophomore slump. Stretch Days are days when we stop the normal rotation of classes and students have two three-hour blocks in which to “stretch out” and really dig into a topic. Often these Stretch Days are used to forge real-world connections and the longer time allows for us to get off campus and interact with the great city we live in. Last year, we had so many wonderful Stretch Day experiences. Here are just a few of them: Our Grade 10 Social Studies students were privi-

leged to have Holocaust survivor Helga Hoskova come to talk with them about her experiences at Terezin, Auschwitz, and Mauthausen. Our IB students met with professionals in their field of study: Economics students visited the Institute for Economic Studies, Biology students visited the Institute of Molecular Genetics, and Psychology students visited the National Institute of Mental Health, where they were given a tour by an ISP alumna. Our Art students had the time to visit a gallery, our Environmental Systems students did field work in the Šárka and the Kunratice forests, and our English and Theatre students participated in “master classes” with members of the Prague Shakespeare Company. And our Grade 9 and 10 students worked on math explorations with a visiting instructor from Cambridge University. This is but a sampling of the amazing opportunities afforded us when we can break out of the normal schedule. These take a lot of planning and they can be exhausting for both students and teachers, but they provide a unique ability to “stretch out” the curriculum and for students to truly experience how their studies connect to the world outside of school. Dr. Mark Frankel Upper School Principal

Upper School Achievements The International Baccalaureate Organisation Founded in 1968, the International Baccalaureate Organization grew out of international school efforts to establish a common curriculum and university entrance credentials for geographically mobile students. ISP is one of over 4,000 schools throughout the world to offer the International Baccalaureate Diploma Program, a rigorous pre-university course of studies, leading to examinations, that meets the needs of highly motivated students. Designed as a comprehensive two-year curriculum, the IB program allows its graduates to fulfill requirements that are recognized worldwide. Only schools authorized by the International Baccalaureate Organization are eligible to teach the Diploma Program curriculum and to register candidates for examination.

IB Results 2016 The average score for ISP students who received the IB in 2016 was 33 against a world average of 30 points. ISP is a non-selective school and we do not require applicants to ISP to take exams that might prove their ability to do well on standardized exams. Even if we pre-

dict that students will not score over a certain amount, we do not prevent them from taking the IB diploma. Nevertheless, going back as far as 2006, the average score of ISP IB Diploma recipients remains consistently above the world average.

Number of candidates

Average Diploma score

Students not achieving the Diploma

Pass Rate Highest score (out of a possible 45 points)

89.5%* 42

Students achieving 40-42 points

11%

Students achieving 30-39 points

53% *world average 79.3%

University Acceptances for ISP’s Class of 2016 were received from all the below institutions: Canada Concordia University Montreal, McGill University, Toronto Film School, University of Toronto European Universities Czech Republic: Charles University, Czech Technical University in Prague; Germany: Macromedia School for Media and Communication; The Netherlands: Erasmus Universitiet Rotterdam, Fontys University of Applied Sciences, InHolland University, The Hague University of Applied Sciences, University of Amsterdam, University of Twente. Korea Korea Advanced Institute of Science and Technology. United Kingdom Anglia Ruskin University, Bath Spa University, Brunel University London, Coventry University, Durham University, King’s College London, Kingston University, Lancaster University, Loughborough University, New College of the Humanities, Newcastle University, Queen Margaret University, Queen Mary University of London, Queen’s University Belfast, Royal Holloway University of London, South Gloucestershire and Stroud College, The London School of Economics

and Political Science, University College London, University of Bath, University of East Anglia, University of Edinburgh, University of Exeter, University of Glasgow, University of Hertfordshire, University of Kent, University of Law, University of Warwick, University of St Andrews, University of Surrey, University of Westminster, University of York, Westminster College. United States Bates College,Bentley University, Boston University, Brigham Young University, Clark University, Columbia College Chicago, DePaul University, Drew University, Eckerd College, Emory University, Fordham University, Hampden-Sydney College, Hofstra University, Howard University, Indiana University, Loyola University Chicago, Lynn University, Macalester College, Marist College, Marquette University, Marymount Manhattan College, Northeastern University, Pace University NYC, Piedmont College, Purdue University, Quinnipiac University, San Jose State University, Savannah College of Art and Design, School of Visual Arts, Suffolk University, Syracuse University, The College of Wooster, The New School, University of Georgia, University for the Creative Arts at Farnham, University of California Santa Cruz, University of Colorado

ISP Journeys - Class of 2016

Vahe Asatryan

Jewon Yun

ECIS Award Winner for International Understanding

Recipient of the Falcon Award for outstanding achievement in the school life of ISP

I came to ISP as a scholarship student back in 2012, after completing my primary and middle school years at various local and international schools in Prague. Being an ISP alumnus is not just an honour and a privilege - to me it means being a part of a global network and family of diverse people who have gone on to excel in their chosen fields of study and specialisation. I am in my first year as an undergraduate student, reading BA/BSc Political Economy at King’s College London. I hope to complete my master’s and a PhD before pursuing a career in government, diplomacy and international relations.

I had lived in Korea for my whole life, but in 2012, my entire family had to move to Prague due to a change in my father’s work place. I chose to go to ISP because I thought its facilities as well as the school clubs really suited me. I feel honored and privileged about being an ISP alumnus because I can not only keep in touch with my friends and teachers over the world, but also communicate with international future generations through the school. I am currently in Korea, preparing for my university, which starts in March 2017. Also I am trying to experience as many new things as I can by working in different fields. I hope that all of my classmates in Class of 2016 keep in touch with each other and achieve what they want in the future. Moreover, I also hope that ISP remains cheerful, friendly, and beautiful when I revisit in the future, as it is right now!

Theodora Sabadeanu

Tereza Matoušová

Recipient of the Griffin Award for academic achievement and school life

Class of 2016 Graduate

ISP is the first international school that I have attended and the person who made this amazing experience possible is my mother, who moved to Prague when I was halfway through 10th Grade. I consider being an ISP Alumna a special gift, as I feel that I will always be part of a unique and dynamic community that I will always be able to go back to. Thanks to all the skills I have acquired and developed in ISP, as well as thanks to all the wonderful people I met there, I am now fortunate enough to study at the University of St. Andrews in Scotland, majoring in Psychology. I hope that in the next years I will learn even more about this discipline and eventually call myself a Psychologist.

I found ISP online when I searched for IB study opportunities in the Czech Republic, and ISP was the only one to offer a full scholarship, which I applied for and received. Studying at ISP completely changed my life. Being an ISP Alumna means a lot to me because now I’m part of a huge community of people from all around the world, plus I can still be in touch with the school, students and teachers and come for a visit knowing that I’m always welcome. I’m now studying Experimental Nuclear and Particle Physics at the Czech Technical University so you can see me trying to solve mathematical problems and telling weird scientific jokes about the universe. I hope to finish the CTU as a physicist and then go to work in my field, plus I want to travel a lot around the world and my hope for the future is that one day we manage to travel even further - in space!

IT, ACTIVITIES & ATHLETICS 46

Information Technology 2015-16 was another exciting year of innovation, collaboration and engagement for the Information Technology and Library Department. Below are a few of the many highlights from the past year.

ISP again hosted the CEESA First Tech Robotics tournament in February, with twelve teams from around the CEESA region competing in a number of challenges. Thanks in part to the Noen Fund, the tournament was another resounding success! The ISP team came away with the Inspire Award, given to the team that best embodies the ideals of the First Tech Challenge, which qualified them for the World Championship in the United States. Also in robotics news, the Middle School Robotics Team competed in the regional First Lego League competition. The ISP team came away with an amazing 7th place finish, and 1st overall in teamwork. An amazing result for their first competition! In spring 2016, we once again had the honor of hosting the 6th annual Czech Teachers Summit, in collaboration with Apple Europe and 24U.cz. This event had over 160 Czech Educators and Administrators coming to ISP to learn about leveraging digital tools to enhance student learning. Of special note were the workshops

presented by our very own Jakub Syrovy (IT Network Manager) and Daniela Krejbichova (ES Languages) to high acclaim. The Petr Mares one-to-one laptop program in our Middle School completed its 8th year and the Upper School its 7th year. This program continues to develop, with students and teachers finding more ways to enhance their learning and collaborate both locally and globally. We continued with the authentic integration of technology into our Elementary School program. Based on feedback from Grade 2 we expanded our 1:1 iPad program to include Grades 3 and 4. Our Grade 5 students also have a 1:1 program but have moved to Apple laptops. The expansion of this program throughout much of the Elementary school allows teachers and students to use technology to enhance the learning program. The ISP Library is a place that strives to engage all segments of the community with a variety

of resources and activities. Last year, we were fortunate to have noted authors Marcia Williams

Increased focus on design thinking and design technology. and Margriet Ruurs on campus working with our students in September. As well, Danny Gregory was able to share his passion for writing and illustrating with us in November. Finally, the Library piloted a new “Maker Space” where students can explore designing and making creative objects in a number of different media. In April, several members of the IT/Library department were involved in the first Learning2 conference in Europe. Ms. President and Dr. Perry both facilitated groups of teachers throughout the conference as well as presented a workshop. Mr. Bradshaw delivered one of the keynote addresses to the conference and also led several sessions.

In 2015/16 we established the “Idea Lab.” This is a room connected to the library that aims to support our increased focus on design thinking and design technology. Students and Faculty are able to access all three of our Technology Coaches (Ms. President, Mr. Bobyk and Dr. Perry) as well as a full-wall green screen, 3D printers, electronics equipment, tools, data logging equipment, and a variety of recording equipment. Watch for more exciting additions in 2016/17! We continued expanding our live streaming initiative this year. We were able to share live video of events like Upper School graduation from Zofin Palace, Grade 8 graduation, and a number of other sporting and arts events.

We are proud of our accomplishments for 2015-16, but even more excited about the year ahead. We look forward to supporting our community of learners, and providing the support and programs to enhance our learning at the International School of Prague.

Sheldon Bradshaw Director of Information Technology

Activities It is with pleasure that I report the ongoing growth and development of the activities program. Increased enrollment has been matched with increased opportunities and participation.

Elementary The Elementary after school activities program continues to thrive under the organization of Mr. Tarique Choudhury. The trimesterly program demonstrates a balance of sports, fine arts and technical/educational offerings for our students. The Elementary sports program has offered a wide range of activities necessary to develop a ‘physical literacy’ of skills that enable the young participants to enjoy sports yet build necessary skills and confidence that they can use to specialize in sports later on in life. To fulfill this ISP connected with a variety of outside activity providers to further enrich our programs. We have had specialists from our community running diverse activities such as Cricket, Rugby, Bollywood Dancing and Gymnastics to further enhance the breadth of offerings to our students. Our Elementary fine and performing arts continue to impress with strong programs in strings, band, theatre and dance. In these activities the students had the opportunity to ‘take the stage’ and demonstrate their skills in a variety of culminating performances. Middle School and Upper School ISP has been able to expand its offerings by making use of coaches and instructors within the community. These have included students from Charles University Faculty of Physical Education, parents, professional sports players and professional sports coaches. We have continued to offer a range of competitive and recreational programs for our students. We have seen the continued growth of Dance through the school sections and again were hosts of the First Tech Challenge Robotics competition. Our Robotics team proudly won the Inspire

Award earning themselves a place at the World Championships in St. Louis, U.S.A. The International Schools Sports Association of Prague (ISSAP) enables competition against local international schools and we continued to participate against local Czech clubs in some sports. The Central Eastern European Schools Association (CEESA) continues to offer us competition through sports, debate and mathematics and cooperation through the performing arts with other international schools in the region. Our sports teams were champions at the following CEESA tournaments: HS Boys Football, HS Boys Cross Country, HS Girls Tennis, HS Girls Volleyball, MS Boys Softball, MS Boys Tennis, MS Boys Volleyball, MS Boys Swimming. MS Girls Cross Country, MS Girls Tennis, MS Girls Volleyball. On top of those successes the teams were well deserved of sportsmanship awards in: HS Boys Football, HS Boys Basketball, HS Girls Football, HS Girls Basketball, HS Girls Softball, MS Boys Football, MS Boys Basketball, MS Boys Softball, MS Boys Volleyball, MS Girls Football, MS Girls Basketball, MS Girls Softball, MS Girls Tennis, MS Girls Volleyball. Upper School student involvement in the International Award (formally known as the Duke of Edinburgh Award) has continued to grow as students realise the alignment of this program with our school values. This mission-aligned program continues to grow in popularity within our student body with greater numbers of our Upper School students advancing through the awards.

Community We continue to be supported by our parents that: coordinate further activities for our students, assist with event hosting and run SCA adult ‘ed’ activities for our wider community. This year we have also seen the culmination of a community choir, drawing in expertise from the far-reaching corners of our school. The SCA also coordinated numerous ‘get active’ classes for our parent community including spinning and dance sessions. A highlight was a parent organized Spin4Kids charity event taking place at school with over 100 cyclists sweating it out in the Landau Theatre. These are terrific role models as we draw on our collective potential to build our healthy, active and inspiring school.

Joe Monks Director of Activities

SUPPORTING ISP 54

Annual Fund ISP is a not-for-profit school. While tuition is not inexpensive, all proceeds go towards improving the experience of ISP students.

As its name suggests, fundraising for the Annual Fund takes place every year. Donations to the Annual Fund confirm the community’s desire to go beyond the cost of tuition to purchase items and programs that have an immediate impact on current students. It elevates ISP to the level of excellence that tuition alone cannot provide. It can touch every part of the school’s budget including academic programs, financial aid, technology, athletics, arts, and facilities. It provides the school with the flexibility to respond quickly to new opportunities, and to meet unexpected challenges. Most importantly, it is one of the reasons behind ISP’s global reputation for excellence in education amongst international schools.

2015-16 was the third year of the ISP Annual Fund, and our second year with an all-volunteer committee. Based on the last year’s achievement, we again set our sights high and continued explaining the concept to our fellow parents. We are very grateful, for the second year running, that ISP parent Daniel Kretinsky again agreed to match the total donations given to the Annual Fund. This generous gesture allowed us to eventually surpass our goal of 1.750.000 CZK. By the end of the year, 100 donors had helped to raise a total of 2.173.593 CZK! Thank you so much to our fellow committee members who volunteered their time to learn about the Annual Fund and act as ambassadors in the community. Thank you also to the ISP community who as ever responded so generously to the call to donate. Thank you, Rebecca Farmer Carisa Held 2015-16 Annual Fund Committee Co-Chairs

Members of the 2015-16 Annual Fund Committee Rebecca Farmer (Co-Chair) Carisa Held (Co-Chair) Julie Becker Mai-Brit Bergholt Vangsgaard Elena Drago Dalia El-Hadidy Ericka Hernandez-Rosales Andrea Koudelková Sean Krebs Carmen Pignotti Martha Rey Oona Smelt Alexandra Walmer Clive Watkins Katie Wolff

Annual Fund Donors The Comenius Society 100.000 Czk and up Anonymous Daniel Kretinsky The Falcon’s Society 50.000 Czk to 99.999 Czk Alexej Zakharov and Sofia Rafailova The Nebusice Society 20.000 Czk to 49.999 Czk Anonymous Rodney and Rebecca Farmer Dongwoo Choi and Yonghee Kim Matthew Wiener and Mari Schindele The Gold & Black Society 5.000 Czk to 19.999 Czk Mark and Joy Bachleda Stephen Guthrie and Teresa Belisle Kimberly and Fillipo Bianchini Arnold and Marianne Bieber Martin Blecha Dominique and Marie Bossan Koen and Talitha Burghouts Frans De Kloet and Jasqueline Straathof Andrea Iucci and Elena Drago Petr Draxler a Jana Draxlerova Tom Rizzo and Stacy Eckstein Staffan and Charlotta Erenmalm John and Kathleen Flanagan Peter and Tamara Gamble Stefan and Lotte Garsdal Kiril and Dessislava Georgiev Victor Kruglyakov and Olga Golubenko William and Toni Heague Frank and Carisa Held Gregor and Andrea Hofstaeter-Pobst Neil and Dorota Keleher Michael Del Nin and Sean Krebs Tomas and Martina Krskova

Michael and Carolyn Kubena Paolo and Margherita Lanzarotti Josef Liska and Jana Liskova Ben and Renata Maudling Scott and Amy Neuman Thomas and Vera Newbold Ian Phillips and Carmen Pignotti Subramanian and Sasikala Ravi Robert Levin and Yvonne Rep Jean-Jacques Hausknecht and Martha Rey Peter and Carol Ridder Mark and Helena Robinson Donald and Amy Seymour Rishat Sharipov and Olga Sharipova Tim and Eva Shaw Mark and Catherine Sinclair Sorokin Andrej and Maria Sorokina Paul and Kim Strebel Jan and Ericka Sykora Antonius and Petra Van Gorp Brian and Mai-Brit Vangsgaard Travis and Alexandra Walmer Richard and Agniezska Widmann The Supporter’s Society 1 Czk to 4.999 Czk Anonymous Norman and Stephanie Baker Momchil Blagoev and Tanya Kancheva Dmitry and Larisa Brusentsev Libor Chrobok and Ivana Chrobokova Chris Warnecke and Laura Cox Raymond Castlllo and Kay DeKuiper Chip and Sarka Doehring Jan Durajka and Adela Durajkova Russel Eastman and Nancy Braun Gabriel and Tatiana Eichler Ralf and Nicole Erdmann Andreas Albrecht and Zamira Eshanova Mark Frankel and Jill Colley Barry and Angeliki Freckmann

Danielle Fredericks Per and Karina Funch Erik and Viviane Hamel John and Marcelina Hamill Catherine Hawkins Daniel and Marketa Higgins Dan and Rebecca Hyzl Dmitry Kafidov and Natalia Kafidova Jan Kala and Lenka Kalova Tim and Annabel Kersten Alexander Kilyakov and Olga Kilyakova Andrea Koudelkova Daniela Krejbichová Frederick and Anouk Lathioor Joran Lee Hun Lee and Strella Ahn Joe Monks and Avis Beek Kenji and Zuzana Osako Andrej and Tatjana Pardo Matteo and Kim Pedercini Dragos Stanculescu and Anca Sabadeanu Valeriy and Irina Shafran Martyn and Oona Smelt Alexander Terentiev and Nadezda Sytnik Tamas and Ingela Szmida Cindy Gause-Vega Carlos and Karin Velez-Rodriguez Igor Vida and Marianna Vidova Jan and Nikola Vild Clive and Tasha Watkins Kathy Zabinski The above list was compiled from those who gave direct donations and/or attended two major events, held in support of the Annual Fund – Cabaret and Guess Who’s Coming to Dinner. As some people purchase their Cabaret or Guess Who’s Coming to Dinner tickets for others, please forgive us for any accidental omissions.

Cabaret Cabaret is one of the most hotly anticipated events in the ISP calendar and is a key fundraiser for the Annual Fund! The 2015 Cabaret, held on 10 October marked a new stage, literally, in what is a real ISP tradition.

The event was held in a real Cabaret theater, Le Royal. Cabaret is also a great opportunity to showcase the talent that exists in the ISP community, with performances by teachers, staff, parents and Upper School students. Our thanks go to everyone who made the event come of age in its 18th year, particularly to Nancy Braun who once again stepped up to the plate in the lead role of Artistic Director. Nancy is peerless not only in this role but also as compere, where she kept the audience highly amused throughout the show, a trick she pulls off year on year. Thanks also go to Juraj Benda, the technical director, and Petr Dimitrov for another beautiful poster.

We are very grateful to K-Servis for once again donating savory snacks, and Fresh & Tasty for providing mini desserts. We are very grateful for all of our wonderful performers who give up their time and many talents to entertain our community and support the Annual Fund. The Annual Fund allows ISP to go above and beyond the programs, equipment and facilities that we could deliver if we were reliant on tuition fees alone. The support of the ISP community for Cabaret makes an invaluable contribution to the Annual Fund and played a key role in helping achieve the target for 2015-16.

Guess Who’s  Coming to Dinner? Throughout ISP’s history, Prague’s diplomatic communities have been closely connected to the school.

From the early days based in the US embassy to the position today where ISP draws a significant proportion of students from families employed in diplomatic service, this link has endured. The ‘Guess Who’s Coming to Dinner’ event was a celebration of these enduring connections, and an opportunity to strengthen the bonds between the ISP and diplomatic communities. The event was also an important fundraiser for ISP’s Annual Fund.

The event kicked off with a reception for all participants at ISP, before all participants where whisked off by bus to an embassy where they had no prior knowledge they where visiting! Members of the ISP Community visited the embassies of Finland, Georgia, India, Lithuania, Malaysia and the United States. This was the first event of its type and was a great success in terms of cultural exchange, meeting new friends, eating drinking and being merry, and importantly in raising funds for the Annual Fund.

Scholarship Program Since 1948, The International School of Prague has been committed to providing an exceptional education in a truly global environment. The success of ISP Alumni is a tribute to the work not only of those who have worked at the School, but to those who have helped to ensure its firm financial foundation.

For more than sixteen years, a number of our students from the Czech Republic have been the deserving recipients of generous scholarships provided by the ISP community.

a strong command of the English language, a desire to obtain an education in a multi-cultural environment, and an intention to enroll in the full International Baccalaureate program.

The goal of the Scholarship Program is to make the ISP educational experience available to a diverse range of students. These Scholarships are based not only on financial need, but also on merit. In addition to fulfilling the normal requirements for admission to ISP, a student who wishes to be considered for a Scholarship must demonstrate an excellent academic record,

The Scholarship program at ISP is partially funded through donations to the School from parents, corporations, Alumni, and others. In order to ensure the long-term viability of this program, the School holds its annual fundraiser for scholarships, “Night Under the Stars.” The event is a chance for the whole community to celebrate the success of the program and those donors who so generously support it.

Night Under the Stars After five great years at the Lobkowicz Palace, we were delighted to have the opportunity to welcome all of our guests to a magnificent new venue for the biggest night in our community’s social calendar. This year‘s event, “Night Under the Stars“ was held on Saturday, May 7th, at the Manes Gallery.

Thank you once again for your support of ISP and the 6th Annual Fundraising ‘Night Under the Stars’ Event for the Scholarships and Financial Aid at ISP. Every year we work very hard in organizing an event that will be enjoyed by all and hopefully talked about positively in years to come. At the same time the event raises funds to further educational opportunities within the Czech community. We would like to express our appreciation and greatest of thanks to all those involved ranging from parents, teachers, ISP community, local and international businesses for their hard work, generosity and support including the donation of products and services for our auction. For our 6th year, we decided that we would try a different venue to give you all a taste of what Prague has to offer. This year we were lucky to have been given the use of the Manes Gallery and the Lounge Bar. This was a beautiful event from

a different angle along the Vltava river in Prague. We were very lucky with the weather and I’m sure those who attended would agree that the event was great fun. The organizing committee, the ISP Advancement Office and the Board of Trustees are dedicated to ensuring the event is a success with their hard work, generosity and enthusiasm. We aim to please the whole Community and we spend a lot of time planning and coordinating this event with the help of volunteers who give up numerous mornings, lunches and afternoons to source the best food and drinks, entertainment, décor, auction gifts to make the evening one to remember. For all the pieces to fit into this complex and fun puzzle we would like to thank many people who made this event possible during the course of the year.

It was a great team that worked well together and came up with an amazing evening. Thank you Clive Watkins for securing all our corporate donations; ADP, MSD, TV NOVA and IBM. Thank you Andrea Koudelkova and the Night Under the Stars committee - Pauline Pousette, Lena Korblad, Ericka Sykora, Martha Rey, Yasmin Hejduk, Dana Westby, Soo Joo Bae, Eva Shaw and Marie Bossan for their time - committing to our morning meetings and organising everything to make the evening such a success; food, drinks, décor, photographs, entertainment, auction etc!

Our security and safety was ensured by the watchful eyes of Petr Koubek and Milan Hasek. We also thank Greg Wydrzynski and Milan Trunecek for transporting all auction gifts, decorations and wine to and from the Gallery. We are so grateful for all of their support and generosity of their time.

Once again we had the full backing of ISP’s Board of Trustees, who supported the event wholeheartedly. The trustees not only volunteer their time on the Board, they also sponsored many of the activities and products, which made the event so spectacular. Their presence at the event helped make the evening so fun and special.

Finally we want to thank you, the ISP Community, who donated to our event, which supports the Scholarship and the Financial Aid Programs for another amazing year! With your attendance, generous bids on the auction, purchase of the raffle tickets, you have made our fundraising event a success and many possibilities available to all of our students.

Thank you to our student volunteers, Toby Shaw, Jan Trunecek and Jacquelyn Simonis who helped with the sale of the Supercar raffle tickets. They showed a remarkable enthusiasm and energy to support Scholarships at ISP. Using their expert negotiation and sales skills, they succeeded in selling all the tickets, raising an amazing total of 39,000 Kc!

Marie Bossan Committee Co-chair

Eva Shaw Committee Co-chair

Cumulative Corporate Scholarship Donations 2011-2016

The Comenius Society (500.000 CZK and up)

The Falcons Society (250.000 CZK to 499.999 CZK)

The Nebušice Society (175.000 CZK to 249.999 CZK)

The Gold and Black Society (100.000 to 174.999 CZK)

The Supporter’s Society (25.000 to 99.999 Czk)

Corporate Scholarship Donations 2015-2016

The Falcons Society (250.000 CZK to 499.999 CZK)

The Gold and Black Society (100.000 to 174.999 Czk)

The Supporter’s Society (25.000 to 99.999 Czk)

Corporate Gifts-In-Kind 2015-2016

Individual Donations The Comenius Society 100.000 Czk and up Mark and Joy Bachleda Jan and Ericka Sykora

The Falconâ&#x20AC;&#x2122;sâ&#x20AC;ŻSociety 50.000 Czk to 99.999 Czk Rodney and Rebecca Farmer Peter and Carol Ridder Donald and Amy Seymour

The Nebusice Society 25.000 Czk to 49.999 Czk Jeffrey and Julie Becker Dominique and Marie Bossan John and Kathleen Flanagan Peter and Tamara Gamble Anthony Jones Ilias Assimakopoulos and May Khalife Mikael and Christina Matts Thomas and Vera Newbold Matteo and Kim Pedercini Magnus and Paulina Pousette Mark and Catherine Sinclair Carlos and Karin Velez Rodriguez

The Gold & Black Society 5.000 Czk to 24.999 Czk Magnus and Camilla Alsterlind Terry Alston Gregory and Rebecca Anderson Valeriy Khegay and Varvara Bantser Sheridan and Paul Barnett Brenda and Alex Barrasso Stephen Guthrie and Teresa Belisle Filippo and Kimberly Bianchini Arnold and Marianne Bieber Mathew and Mary Blair Bockner Koen and Talitha Burghouts Raymond Castillo and Kay DeKuiper Michele Saibene and Anna Desiderio Guy and Shir Dvorin Torben and Birgitte Emborg Staffan and Charlotta Erenmalm Magdalen Gray Timothy and Christine Gunnell Corky Hawkins Randy de Leon and Marie Johnson Anders and Lena Kornblad Paul and Karin Karafotas Mike and Carolyn Kubena Kyriakos and Jana Kyriakou Darren and Siobhan Lovern Dorota Lipowiecka Alexandra and William Lobkowicz Mikolaj Mogilnicki and Anna Mogilnicka

Graeme and Susan McKinnon Igor Mandrys and Zuzana Mandrysova Ben and Renata Maudling Claudio Menz Scott and Amy Neuman Andrew Shapiro and Tamar Newberger Richard & Helen Nilsson George and Missy Nussbaum Kenji and Zuzana Osako Alberto Madrazo and Julia Paniagua Neville and Beata Parry Ian Philips and Carmen Pignotti Gregor and Andrea Hofstaetter-Pobst Jean-Jacques Hausknecht and Martha Rey Viktoria and Alexander Reznik Jesper Lauridsen and Helle Ruggaard Rischat and Olga Sharipov Joseph and Vivienne Sheridan David and Pippa Sturgeon Ivan Titishov and Julia Titishova Tamara Tomasetto and Alessandro Lagazio Jaroslava Toutonghi Guillermo and Jessica Van Mannen Lars and Catrin Varnlund Marleen Vilemsen Ajit and Katerina Virk Travis and Alexandra Walmer Clive and Tasha Watkins Richard and Agnieszka Widmann Te Yung Lee and Xue Ying Xu

The Supporterâ&#x20AC;&#x2122;sâ&#x20AC;ŻSociety 1 Czk to 4.999 Czk Keunseok Jeon and Soo Joo Bae Martin Blecha Sheldon and Laura Bradshaw Manduck Heo and Kyoung Ran Choi Lubomir Feher Mark and Jill Frankel Joseluis and Elizabeth Frausto Barry and Angeliki Freckmann Danielle Fredericks Jongho Park and Yumi Ha William and Toni Heague Irina Ivanova Jungsung Ki and Yoon Sung Jung Tim and Annabel Kersten Jong Hyun Yun and Mikyung Kim Joanne Kolowrat Andrea Koudelkova Iksoo Shin and Jin Ah Kwak Paolo and Margherita Lanzarotti Jae Seong Lee and So Young Lee Jong Rim Lee and Sun Mi Song Tony and Tereza McLaughlin

Jong Suk Yoon and Mi Young Park Mark Stroup and Liz Perry Jana Sevcikova Volodymyr and Marina Sidorovych Dong Weon Kang and Soon Jung So Shi Li and Hongwei Yin Marketa Zajicova Huimin He and Yun Zhu The above list was compiled from those who gave direct donations and/or attended the Night Under the Stars (which is held in support of the ISP Scholarship Program). As some people purchase Night Under the Stars tickets for others, it is not always possible to know exactly who attended; please forgive us for any accidental omissions.

Auction The Supercar Weekend Raffle and wonderful Silent Auction items contributed a tremendous amount of 703.500 CZK to the total figure raised, and brought people from the ISP and nonISP communities together in a meaningful way.

The companies and individual donors who donated the Auction items have shown their support for the Scholarship program - please, whenever you frequent their businesses, be sure to let them know that you are aware of their commitment to the School, and that you appreciate their involvement. Auction Donors Advantage Cars Adventure Golf Horní Bezděkov Aline Derer, Junko Photography Anna Paola Desiderio Art Restaurant Mánes Balony Praha, Jan Smrčka Emma Bieber Marianne Bieber Canadian Medical Care Caravan Metropol Karting Chateau Mcely Chez Greg Wine Shop Prague Chih Tong (Lily) Lee Concierge Management Cook & Meet Crossfit Commited Cyklo 69 - Specialized Concept Store Czechie Praha s.r.o. Petra Faitova First English Speaking International Ballet School in Prague Four Seasons Hotel Prague Fun Casino Praha Manto Gallery Ava Gamble Golf Klub Botanika Hadovka Health and Fitness

Halada Horse Park Kamenný Dvůr Hurricane Factory Prague iPilot James Hair Jihyeon Kim Jindřichohradecké místní dráhy Radek Kubina Kira Karafotas Kukri Laboratorio Restaurant Le Meridien Lav Letecké Centrum České republiky Mandarin Oriental Prague Merlin Jahodová MindMaze Anna Mogilnicka Olesya Chernaya Jan Procházka Rezidence Liběchov RS Sportcentrum Sephora Soffa Magazine, Yasmin Hejduk Soline Butik Soo Joo Bae Studio Namaste Tasha and Clive Watkins The Real Meat Society The Sykora Family TP Vision Unico Restaurant Vlado Vovkanič The Westby Family Zátiší Group 24U

Individual Gifts-In-Kind Jesus Alemany and Liezel de la Isla Kenny Allen Soo Joo Bae Alex Balgavy Andrea Bartošová Arnie and Marianne Bieber Victor Blagoev Dominique and Marie Bossan Nancy Braun Jeremy Chapman Petr Dimitrov Chip Doehring Hugo Erenmalm Rodney and Rebecca Farmer Petr Ferenc Hearn Gadbois Maria Hamill Rei Hosoda Lawrence Hrubeš Rebecca Hyzl Andrea Koudelkova Andrea La Rose Jiří Matys Ben and Renata Maudling Mike and Monica O’Mara Kenji Osako Julia Paniagua Neville and Beata Parry Mike Perry

Gregor and Andrea Hofstaetter-Pobst Subramanian and Sasikala Ravi Jean-Jacques Hausknecht and Martha Rey Peter and Carol Ridder Mari Schindele Diana Shafran Tim and Eva Shaw Gary Shipley Paul and Kim Strebel Jan and Ericka Sykora Jan Truneček Milan Truneček Brian and Mai-Brit Vangsgaard John and Dana Westby Jan Zabinski We’ve made every effort to ensure that we’ve included the names of all donors, and to place them in the correct society. If we have made any errors, please accept our profuse apologies, and do please let us know of the error.

Petra Faitovรก

Marianne Bieber

Radek Kubina

Merlin Jahodovรก CYKLO 69

Vlado Vovkaniฤ

Anna Paola Desiderio

The Sykora Family

Olesya Chernaya

Emma Bieber

Ava Gamble

Kira Karafotas and Jihyeon Kim

Chih Tong Lee

Student Raffle As in previous years, the Student Raffle was a huge hit amongst students. The raffle, held in March, gave the opportunity not only for students to win fantastic prizes, but also to participate in raising funds for the Scholarship and Financial Aid Programs at ISP.

The raffle added greatly to the overall amount of funds raised by bringing 107,700 CZK to support Scholarships and Financial Aid at ISP. Please join us in thanking our generous Student Raffle donors for all the wonderful raffle gifts. Student Raffle Donors: Adventure Golf Horní Bezděkov Aquapark Kladno Bakeshop The Bossan Family The Candy Store Caravan Metropol Karting Chateau Mcely České Modelářství Da Ezio Pizzeria DekumDekum Bags, Goshico Dolce Villa Hotel - Burger Bar Faria Systems The Farmer Family Fresh & Tasty

The Hausknecht Family iPilot ISP Advancement & Activites Office Julia Paniagua Andrea Koudelkova K-Servis Lego Group MaxLaserGame MindMaze The O’Mara Family PaintballGame.cz Prague Golf and Games The Ravi Family Sephora Sleťák Restaurant Soo Joo Bae The Strebel Family The Sykora Family The Vangsgaard Family The Westby Family

High Spirits in St Louis In February 2016, the International School of Prague robotics team FalconTech won the Central European regional competition and was invited to the FIRST Tech Challenge World Championship in St. Louis.

For the last 4 years, FalconTech has taken part in the CEESA (Central and Eastern European School Association) robotics competition. This year, 12 teams from all over central Europe came to the event hosted here, in Prague. FalconTech won the Inspire Award, given to the team that embodies the ideals of First Tech Challenge most exactly. This award is one of two that grant an invitation to the World Championships. The other award is the Winning Alliance award given to the robot that does the best in the competition. This spring, the FalconTech team packed up their robot Sokol (which is the word “falcon” in Czech) and travelled all the way to the USA. Of course, the team had to do even more preparation after arriving. After settling in the hotel, finding their way around the city and decorating their team ‘pit’ where they would keep their equipment, they were finally ready to compete. Over 120 teams participated in the FTC World Championship, and while the majority were from all around the US, there were teams representing countries all around the world, for example

China, Romania and Italy. Meeting and greeting all these different people was definitely one of the best parts of the trip, as the other teams had a lot of knowledge to share and experiences that FalconTech could face in the future. Unfortunately, the projectile system which the team so painstakingly designed was deemed unsuitable for competition, and the robot had to be redesigned. Thankfully, another team during the event provided the needed materials. In the end everything worked out and the problem solving skills showed how anything can happen and how important it is to be flexible and open to changes. For the next few days of the competition, there were quite a few ups and downs. FalconTech won some matches, lost some matches, had a few breakthroughs and suffered through challenges. Overall, this competition was a great experience for all students involved and hopefully FalconTech can return to St. Louis in the future to compete again soon. by Victoria Schdeva & the Falcontech Team

ISP COMMUNITY 84

School Community Association The SCA is an active, all-volunteer organization whose goal is to enhance the lives of all members of the diverse ISP community and to reinforce the school’s Mission Statement.

All parents and guardians are automatically members of the SCA. They can choose to take part in a wide variety of volunteering opportunities available throughout the year. Everyone’s participation is encouraged! We hope you will get involved and we welcome your feedback and suggestions. Events and activities organized during 2015-16 included (but weren’t limited to): New Family Orientation Day Our Newcomers’ Committee and the Admissions Office hosted this important day for all new ISP Families. New students and parents were welcomed to the school and guided through a program designed to help them integrate into the ISP Community and Prague. All new families received a Welcome Bag that contains a Newcomers’ Handbook (developed and updated over the years by ISP parents) with essential information on their new city. The Committee held several more informational meetings and tours throughout the year to support new families. Annual Information Fair & Welcome Back Picnic Many new and returning families attended the first major social event at the beginning of the year. Various local vendors were also invited to the event to introduce and promote their products and services. This event is all about giving

our new families more information that will help them to settle in more quickly. A delicious BBQ and music showcased by talented members of ISP faculty and students make this event very special. This fun event signaled the start of the school year and was a joint effort between Faculty, Administration and the SCA. Halloween Elementary students enjoyed an evening of spooky fun at a Halloween Party organized by parent volunteers. In the parking lot, a “Trunk or Treat” alley was run by families and, inside the school, MS students set up a “Haunted House.” There was also a magician’s show and a fireworks display. Seasonal Arts and Craft Fair This event took place just prior to the Winter Holidays. ISP families had the opportunity to purchase a range of different handcrafted or traditional goods in our school environment. Approximately 70 vendors presented their products that included traditional food and crafted goods. Adult Education The SCA introduces many different coaches and trainers to parents. The courses on offer range from individual language lessons to shared hobbies. The SCA organizes group “LET’S GO” trips that allow parents to explore the region together.

Staff Appreciation Day To show our appreciation for everyone who works at ISP, the whole parent community worked together to host the sumptuous SCA buffet luncheon for all teachers, administrators and support staff. International Food Fair The yearly International Food Fair was a smashing success, attracting a huge crowd of visitors who enjoyed delicious specialties from 24 countries. Hundreds of hands prepared mouth-watering dishes from all over the world. Children also enjoyed activities at the Small Gym. The volunteer work of parents, students and staff creates this wonderful family gourmet festival. Sports Booster Club & Art Representative The Activities Reps organize the Snack Shack for all CEESA sports tournaments hosted at ISP, as well as for the Upper School speech & debate and robotics events. Food and drinks were much appreciated by our kids and the visiting teams.

Bi-Monthly SCA General Meetings (coffee mornings) The SCA’s General Meetings take place once every two months to provide internal and external information for parents/guardians and staff. They are also a perfect setting to socialize and ask questions. SCA volunteers give thousand of hours of their time and talent over course of the school year -we are all proud of our unique ISP community and we hope you’ll join us in the future!

Carmen Pignotti SCA Chair 2015-2016

SCA Executive Board 2015-2016 The SCA is an active, all-volunteer organization whose goal is to enhance the lives of all members of the diverse ISP community and to reinforce the school’s Mission Statement.

Chair Carmen Pignotti

Lower Elementary School Rep Jacqueline Straathof

Adult Education Mari Schindele

Vice Chair Jessica van Maanen

Upper Elementary School Rep Yulia Titishova

Let’s Go Elisabeth Frausto

Treasurer Beatriz Iturriaga

Middle School Rep Anat Sapir Talitha Burghouts

Newcomers Committee Rep Agnieszka Widmann Vivienne Sheridan

Upper School Rep Yvonne Rep Kristina Rasater Matts

Activity Rep Jana Sevcikova Marketa Zajicova

Secretary Julie Becker

Our Community At the International School of Prague, 830 students from ages 3-19, from 62 countries, learn and develop in a challenging and nurturing environment. The impact of multiculturalism is an integral part of everyone’s life at ISP.

Afghanistan Armenia Australia Austria Azerbaijan Belgium Brazil Bulgaria Canada

Chechnya China Colombia Croatia Cyprus Czech Republic Denmark Egypt Finland France Germany

Guatemala Hong Kong India Iran Ireland Israel Italy Japan Kazakhstan Kosovo Kyrgyzstan

Latvia Lithuania Macedonia Malaysia Mexico Netherlands New Zealand Norway Pakistan Philippines Poland

Romania Russia Saudi Arabia Slovakia Slovenia South Africa South Korea Spain Sweden Switzerland Tajikistan

Tanzania Turkey United Kingdom Ukraine United Arab Emirates United States of America Uzbekistan Venezuela Vietnam

ISP Alumni Association As an alumnus of ISP (Class of â&#x20AC;&#x2DC;04) and Honorary ISP Trustee, Iâ&#x20AC;Żwas delighted to chair the first meeting of the Alumni Council in 2015-16. This meeting ushered in the formal inauguration of the ISP Alumni Association. 90

London, New York and Athens. What was immediately palpable was that the Alumni Council are a group of like-minded individuals with a determination to drive forward Alumni relations and networking opportunities around ISP. My fellow Alumni Council members are:

I firmly believe that the achievements of alumni are the most tangible measure of any academic institution. The setting up of a formal Alumni Association is an important step in recognising and celebrating these achievements. The first meeting was certainly an interesting one, with two members joining the meeting here in Prague with the remainder joining online from

Larissa Batt ‘08 Martin Berka ‘07 Gwyther Bultman ‘98 Irina Ivanova ‘03 Petra Vaiglova ‘06 At ISP we define Alumni as anyone who has been a student at our school. Due to the transient population at international schools, we want to give students who graduated from elsewhere the opportunity to retain their link with ISP. Therefore, everyone who has ever attended ISP is automatically considered a member, as are current and former faculty, staff and parents.

I greatly look forward to the development of Alumni relations at ISP in the coming months and years. We feel at the Council that there is great potential for Alumni to be better connected in terms of helping the school maintain its high reputation through celebrating former students’ achievement. They also believe in providing networking and other opportunities for Alumni to get together, which can only be beneficial both for the school and its Alumni. Given the diverse journeys that our Alumni embark on after ISP, we are eager to capture this phenomenon and make a contribution to fostering an ever more important multicultural environment. Sincerely,

Martin Blecha, ISP Alumni Council Chairman

FINANCIAL REPORT 92

Financial oversight – From the Board Treasurer & Operations Director We are pleased to report that the International School of Prague ended its 67th year of operations with steady enrollment (835 students) and a healthy financial picture.

During the 2015-16 fiscal year, the total operating revenue decreased by 1.6% to €15.4 million, reflecting slightly lower student numbers than in 2014/15 despite a long-term pattern of growing enrolment. Tuition and Capital Assessment accounted for 98% of total institutional income for the year. Operating expenses increased by 6.4% to €14.8 million. As with most schools, salaries and benefits continue to represent the School’s greatest expense, at 68% of total expenses. The School’s net positive result decreased to €429 thousand in fiscal year 2015-16 compared to a positive result of €1.448 thousand in the prior year. This reflected the slight decrease in income and increase in direct and indirect spending on the educational program. The positive result allows the School to maintain its dedicated annual reserve (of 25% of budgeted expenses) and provide for the planned long-term improvement of the institution. The financial information set out above and in the accompanying tables in the Annual Report have been taken from the consolidated financial results through June 30, 2016 of the grouping of entities comprising the School, and demonstrate the overall financial health of the institution. The School’s financial accounts are audited annually by PricewaterhouseCoopers Audit, s.r.o.

Financial risk management In the normal course of its activities, the School faces a number of financial risks. Our fundamental goal is to identify and mitigate such risks, and ISP uses available tools to minimize their impact on the economic and financial situation of the school. One such risk is foreign exchange risk. The main source of ISP income, tuition (approximately 98% of total revenues), is payable in Euros (EUR), and the majority is received during the two months before the start of the school year. On the other hand, a substantial part of School expenses (approximately 40%) is payable in local currency (Czech Crowns or CZK) throughout the school year. This currency difference naturally implies a risk, for example, of the possible strengthening of CZK against EUR, which may affect the School’s cash flow in a negative way. Following its risk management strategy, ISP has taken currency forwards with settlement in June 2017-2019 as a method to reduce its financial risk. Your Fees and Donations at Work The International School of Prague is able to provide its educational model through the fees it charges, and also thanks to the donations it receives. The information below is given to provide further clarity around the use of your fees and donations.

ISP is a non-profit institution in the form of a Czech corporation (an “s.r.o.” - společnost s ručením omezeným - or in English, Limited Liability Company). Current educational regulations in the Czech Republic require that an international school offering a non-Czech curriculum be owned by a non-Czech entity; the non-Czech owner in our case is the International School of Prague Foundation, a U.S. not-for-profit entity (a “501(c)(3)”). This type of non-profit organization has decades of legal and tax standing in the USA. The foundation document of the Czech s.r.o., for its part, stipulates that no dividends or benefits are to be distributed; all monies the school raises are reinvested in the school and no profits accrue to anyone. Each year, like any well run organization, the school endeavors to finish the year with a positive financial result. This is planned as part of the budget process. During budget planning, fees (which include both Tuition and Capital Assessment) are set. Tuition is intended for current year expenses to educate current students. The Capital Assessment may be used for current year capital expenditures (investment in infrastructure), to assist in retiring debt incurred in the past for major capital investments at the School, or allocated to a Capital Fund to help in the future funding of major strategic investments in the facility. Although the exact amounts vary annually, payers can expect that the majority of their overall fees are going for current year expenses, and a portion is going towards planning for the future. This is essentially “paying it forward”; current families are the beneficiaries of the Capital Assessment paid by prior families, just as future families will be the beneficiaries of the Capital Assessment paid by current families. As an example, assume that a family pays €20,000; nominally, this is €17,000 for tuition, and €3,000 for capital assessment. In any particular year, the full €17,000 is used for current year expenses to run the school, while approx-

imately equal portions of the €3,000 are used to fund past, current, and future capital needs. Funds that are in excess of the above needs may be placed by a vote of the Trustees into the school’s Endowment. The Endowment Currently, ISP’s Endowment consists mostly of donations made by corporate friends of ISP, whose contributions are restricted to be used for scholarships and improvements to the robotics program.

benefit from the additional programs that this income will provide - and we can all take immense pride in the school and the accomplishments of our students. We hope that this section provides clear information about the finances and for our financial goals in the future. If you have any questions, concerns or suggestions please feel free to contact me, the Finance & Operations Director, Barry Freckmann, at your convenience.

It is in a very large part thanks to the strong contribution of volunteers like Ravi that the school is able to excel in its work. ISP plans to build sufficient reserves in its Endowment to provide a cushion during leaner economic years; an Endowment enables the school to plan for its long-term sustainability. Annual Fund The Annual Fund Supports the current year’s operating budget. The amount budgeted to be spent on the current year’s expenses include tuition (and, as mentioned above, usually a portion of the Capital Assessment) and the amount that we expect to raise from donations to the Annual Fund. The Annual Fund is a relatively recent addition to ISP. Perhaps the most often asked question is why we don’t simply add this amount to the cost of tuition. There are many answers, but perhaps the most pertinent in this financial part of the Annual Report is the following: the goal is to have Annual Fund donations eventually represent 5% of the school’s annual budget, which right now would be about €700,000. Adding that amount to the cost of tuition may put the cost of an ISP education out of reach for many of our families. We believe that with the support of everyone in the ISP community (parents, alumni, teachers, and others), we will achieve our goal (this year and in the future) so that all our students can

A transfer to a new posting in China required that he step down as Board Treasurer, and I would like to give my sincere thanks to Mr. Subramanian Ravi for his invaluable and many contributions to the governance of ISP and support of my role during his time at ISP. It is in very large part thanks to the strong contributions of volunteers like Ravi that the School is able to continue to excel in its work.

Barry Freckmann Finance & Operations Director

Subramanian Ravi Board Treasurer 2015-16

Consolidated Balance Sheet as at June 30, 2016 ( in thousands of EUR â&#x20AC;&#x153;TEURâ&#x20AC;? )

June 30, 2016

June 30, 2015

Difference

Land Buildings Other fixed assets Total non-current assets

2 749 18 796 923 22 468

2 749 19 342 1 162 23 253

---546 -239 -785

Accounts Receivable and prepaid expenses Cash in hand and bank accounts incl Short-term receivables Other current assets Total current assets

825 13 756 311 14 892

710 12 884 342 13 936

115 872 -31 956

TOTAL ASSETS

37 360

37 189

171

Registered capital Other funds Retained earnings Hedging Reserve Translation difference Total Equity

4 24 721 -3 418 -145 1 450 22 612

4 24 721 -3 847 --1 481 22 359

----429 -145 -31 253

84 84

103 103

-19 -19

Accounts payable and accrued expenses Deferred revenues Other current payables Total current payables

13 657 115 892 14 664

13 986 16 725 14 727

-329 99 167 -63

TOTAL LIABILITIES

37 360

37 189

171

Other long term payables Long term payables

Consolidated Profit And Loss Account as at June 30, 2016 ( in thousands of EUR â&#x20AC;&#x153;TEURâ&#x20AC;? )

Year ended June 30, 2016

Year ended June 30, 2015

Difference

15 115

15 328

-213

Interest income

---

Other income

268

311

-43

Total Income

15 393

15 649

-256

Tuition and related fees

--Salaries and benefits

9 977

9 561

416

Operational costs

3 713

3 281

432

898

845

Interest expense

---

-16

Provision

-17

-96

Other operating expenses

181

101

14 752

13 862

890

Gross profit

641

1 787

-1 146

Income Tax expense

-155

-401

246

Foreign exchange (expense) recovery, net

-57

-119

Net profit/(loss)

429

1 448

-1 019

Depreciation and amortisation

Photo Credits: Soo Joo Bae Tomas Cesalek ISP Physical Education Jan Diviš Jas Air CZ Martin Mašín Tony McLaughlin Damianne President Foto Škoda Clive Watkins For more information about the ISP Annual Report or to request additional copies, please contact advancement@isp.cz

Nebušická 700, 164 00 Prague 6 Czech Republic phone: +420 220 384 111 fax: +420 220 384 555 email: ispmail@isp.cz web: www.isp.cz