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