An Autumn message from Paul Barnett

The Accountant inside me loves this time of year, as we analyse the previous period, and plan for the upcoming year.

It’s been a few months since our last Investor Returns and as you can see, this edition is focused on the financial results of Uniting Church SA Investment Fund Limited (trading as UC Invest) for 2018.

Our full financial statements for 2018 can be viewed at ucinvest.com.au, or you can come into our office to pick up a copy.

Highlights from the financial statements include:

  • Equity has risen from $6.5 million to $6.962 million
  • Investors have received over $4 million in interest from UC Invest
  • UC Invest has given a grant of $1.663 million to the Mission & Service Fund
  • Our investors continue to support us, with the same level of investments held

These highlights indicate that our Investors continue to be happy with our products and the service they receive, with significant interest being paid, and the same level of investors as at the time of our transfer, in March 2018.

We have had the opportunity to further strengthen our balance sheet over the past nine months, with equity growing by nearly half a million dollars, even after our grant to the Mission & Service Fund.

Of course, our charitable purpose is to advance religion by supporting the mission of the Uniting Church in Australia. This may be in small font on the back page of this document, however it is at the heart of UC Invest’s DNA, and is evidenced by the Mission & Service Fund grant.

As you will read on the back page, we farewell Andrew, Assistant Manager at UC Invest. I am sure you will join me in wishing Andrew all the best in his new role. We have worked together for nearly two decades and I will personally miss working as closely with him. I thank him for his dedication and hard work over the past 20 years for UC Invest, our clients, and our mission.

Please do not hesitate to contact me if you have any comments on any topics included in this edition of Investor Returns.

Wishing you a happy and safe Easter.

Regards,

Signature

UC Invest - working for the benefit of the Uniting Church SA.

Contact us today

Phone: 1300 274 151

Fax: 08 8236 4250

Email: info@ucinvest.com.au

Street Address

Level 2

212 Pirie Street

Adelaide

Postal Address

GPO Box 2145

Adelaide SA 5001

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