ADIG 2023 Annual Report
Date: July 17, 2023
It is a pleasure to present the Annual Report for the Armidale Diocesan Investment Group for the year ended 31 January 2023.
Pleasingly the Group reported a surplus from ongoing operations of $4.63M with a sound equity base of $47.44M. Total Assets of the fund grew $21M (5.1%) to $428M. Also, this year our individual investor portfolio grew $8M to $93.1M (9.4%).
We are delighted to share that this year we provided record distributions totalling $4.58M to support the charitable works of the Church and its operations.
We also successfully launched our new Bonus Saver account which has attracted significant enquiry since its inception in late 2022. This product offers a highly competitive interest rate appealing to a wide range of customers who wish to save with a goal in mind.
I wish to thank our investors whose continued support demonstrates the important role that the Group plays within the Diocese. The mission of ADIG is to assist advancing the pastoral role of the Church in the Diocese by providing attractive financial products and most importantly distributions to support ongoing viability.
As we move forward towards 2024, being our 50th year of operations, I look forward to supporting the future growth of ADIG and its support in the mission of the Catholic faith.
Grant Devine
Chief Executive Officer
For copies of the ADIG annual Report please speak to our friendly staff in our Armidale and Tamworth offices, or view online.
