Update from the Executive Officer, Ian Leverington
Completing a financial year is often a good time to reflect on the past year. Our financial year ends on the 30 April and I’m pleased to advise that it has been a good year for the ACF. This is measured by how we have made Anglicans financially stronger and given back to the Anglican community.
The ACF has grown investor funds to $237.4m, an increase of $13.8m (6.1%) on the previous year (based on the monthly average).
Loans to the Anglican community now total $136.4m which is an increase of $10.6m (8.4%) on the previous year
Last year we gave back to the Diocese of Perth $1.118m through distributions for their Floating Rate Note investment, deposit guarantee fee and discretionary distribution. In addition, further discretionary distributions amounting to $0.300m were paid to other Anglican related entities.
This year we anticipate being able to increase the level of giving back to the Anglican community.
The financial health of the ACF remains strong with balance sheet equity increasing by $1.227m for the last year from the retained operating surplus.
We have completed a new three year strategic plan that will deliver benefits to all of our valued clients across our customer base of clergy, employees, other individuals, parishes, schools and agencies. We look forward to providing these benefits through new and improved products and services and easier processes.
Thank you for your continued support.
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