Annual Report Bendigo Bank

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Morning Tea baked and donated by the girls in the branch in support of Purple Bra Day. Pictured Penny Heidi Gerry Sheena and Bec,Hills Big Band performing at the. Mundaring Twilight Markets,Chairman s report 5,Bendigo and Adelaide Bank report 6. Manager s report 8,Community Office report 10,Groups supported 11. Directors report 16,Auditor s independence declaration 22. Financial statements 23,Notes to the financial statements 27.
Directors declaration 49,Independent audit report 50. Annual Report Mundaring Community Financial Services Ltd 3. Payton Chandler 2018 Endeavour Award recipient,from Clayton View Primary School. Emily Gregory Charly Roberts Jaqui Roberts Jane Medcraft and Pauline Reeves from the West Coast Cowboys. recipients in the 2019 Autumn Grant Round, 4 Annual Report Mundaring Community Financial Services Ltd. Chairman s report,For year ending 30 June 2019, On behalf of the Board of Mundaring Community Financial Services Ltd I am. pleased to present the 2019 Annual Report, Our branch and community office staff have once again demonstrated their.
hard work and professionalism during the year There has been no respite in. the challenging business conditions of the last few years but our staff have. continued their steadfast work to serve our customers and the community. Revenue has risen slightly compared to the previous year and expenses have. been kept under control resulting in a small profit for the year. Our community contributions achieved a major milestone during the year by. breaking the two million dollar barrier Financial and in kind support to the. community was 153 316 for the 2018 19 financial year bringing the total. community contribution to 2 026 989 since the formation of the company. We have farewelled a number of directors during the year Our long standing. director and former Chairman Arthur Maddison made the decision to retire. after many years of service to the company and the community at large Matt Yacopetti our former Vice Chairman moved. away from the hills with his family and Tara Herbert resigned in order to devote herself to a new business opportunity. One new director Susan Gill was appointed during the year. The company returned to profit this year with the final result after tax being a profit of 3 316. Finally on behalf of the Board I would like to thank all our Shareholders for their continuing support of the Company and. our community We look forward to you joining us at the AGM. Dr Richard Stuart,MCFS Board of Directors at the 2018 AGM. Annual Report Mundaring Community Financial Services Ltd 5. Bendigo and Adelaide Bank report,For year ending 30 June 2019. As a bank of 160 plus years we re proud to hold the mantle of Australia s fifth biggest bank In. today s banking environment it s time to take full advantage of this opportunity and for even more. people to experience banking with Bendigo Bank and our way of banking and with our Community. Bank partners, In promoting our point of difference it s sometimes lost that although we re different we re. represented in more than 500 communities across Australia and offer a full suite of banking and. financial products and services In many ways we re also a leader in digital technology and meeting. the needs of our growing online customer base many of whom may never set foot in a traditional. bank branch, At the centre of our point of difference is the business model you chose to support as a shareholder. that supports local communities Whether you re a shareholder of our most recent Community. Bank branch which opened in Smithton Tasmania in June 2019 or you re a long time shareholder. who from more than 20 years ago you all play an important role Your support has enabled your. branch and this banking model to prosper and grow You re one of more than 75 000 Community. Bank company shareholders across Australia who are the reason today we re Australia s only bank. truly committed to the communities it operates in, And for that we thank you For the trust you ve not only put in Bendigo and Adelaide Bank but the.
faith you ve put in your community and your Community Bank company local board of directors. Bendigo and Adelaide Bank continues to rank at the top of industry and banking and finance sector. awards We have awards for our customer service we have award winning products and we have a. customer base that of 1 7 million plus that not only trusts us with their money but which respects. our difference, As a Bank we re working hard to ensure that those who are not banking with us and not banking. with your Community Bank branch make the change It really is a unique model and we see you. the shareholder as playing a key role in helping us grow your local Community Bank business All it. takes is a referral to your local branch manager They ll do the rest. We find that our customer base is a very loyal group It s getting people to make the change that s. the challenge In today s environment we ve never had a better chance to convince people to make. the change and your support in achieving this is critical. From Bendigo and Adelaide Bank once again thank you for your ongoing support of your. Community Bank branch and your community, 6 Annual Report Mundaring Community Financial Services Ltd. Bendigo and Adelaide Bank report continued, We would also like to thank and acknowledge the amazing work of your branch staff and directors in. developing your business and supporting the communities that you live and work in. Mark Cunneen,Head of Community Support,Bendigo and Adelaide Bank. Bendigo Bank Directors and Staff at the 2019 State Conference in Geraldton. Annual Report Mundaring Community Financial Services Ltd 7. Manager s report,For year ending 30 June 2019, To say it was a hard twelve months would be an understatement I am hopeful.
that recent interest rate changes and forecast tax savings will stimulate the. However I am proud of what we have been able to achieve over the past twelve. Account numbers have grown to 12 848 from 12 315 for the year which is a. growth of 533 against a growth last year of 278 It is interesting to note that. we have attracted 195 new customers to the branch against a growth last year. of 278 taking the actual customer base to 8 792 as at 30th June 2019 New. customers predominantly come from referrals from existing customers who. want their family and friends to experience the friendly and professional service. provided by the staff, Portfolio which is a total of deposits and loans has grown 11 7m for the year. to 30th June Last year s growth was 1 4m This sees our portfolio sitting at. The majority of this growth was in deposits as lending was still very tight given low consumer confidence plus many of. our customers have taken the opportunity to reduce debt in this low interest rate environment. Gerry and the Girls showing support for the Eagles in the 2018 Grand Final. 8 Annual Report Mundaring Community Financial Services Ltd. Manager s report continued, This year Rebecca left us to move to the north west with her family Zac who was our Business Development Manager. has also departed to pursue other interests, As shareholders I think you can feel proud of the performance of our staff I am still amazed at how committed they are. to customer service with their can do attitude, The staff work very hard to consistently perform above expectations so I would like to acknowledge and thank Ann. Leanne Denise Heidi Mariana Taryn Penny and Sheena. I would also like to acknowledge the hardworking Board members for their support as they provide us with an excellent. environment in which to work, The work that Karen and Andrea do from our corporate office with their community involvement is again a credit to them.
I would finally like to extend the appreciation on behalf of myself and staff to you the shareholder your investment and. commitment has made it all possible,Gerry Toovey, The girls in the branch Taryn Mariana Ann Sheena Denise Leanne Heidi and Penny. Annual Report Mundaring Community Financial Services Ltd 9. Community Office report,For year ending 30 June 2019. 2019 saw us celebrate the success of our first, Community Raffle A pilot program that was very new. for the Community Bank and whilst it had its teething. problems all in all it was a big win for Mundaring. Sporting Clubs, There were approximately 35 local clubs involved and. they raised over 67 000 collectively which is a great. return on a 30 000 investment Some clubs did much, better than others the positive is that the clubs that.
were prepared to put in a solid effort were rewarded. with a great return Mundaring Sporting Club raised. the largest sum of money totalling 6 750 and they, also sold the winning ticket Four of the six winners live. locally which was also a good result, The raffle is being run again in 2019 with the opening. date early in July this time we have invited non, Andrea and Karen sporting clubs to participate The response has been. excellent with commitments of close to 40 000 tickets. Due to the success of our raffle we have ceased our twice yearly grant rounds and we are looking at other alternative. ways to contribute to the ongoing sustainability of our community We are currently working on a project with the Shire of. Mundaring to provide entertainment over the summer months and our very popular Twilight Markets are now an annual. To broaden our geographical reach we have formed a partnership with Cultivate WA Inc which is a not for profit Co. Working space in Midland This partnership will provide a working space for our staff to hold meetings down the hill and. the opportunity for us to share the knowledge we have gathered from running our Treehouse Business Centre. Mundaring Community Bank is now half way through our contract with Swan Districts Football Club where we are a. major sponsor Our Director Fran Berry has been wearing her black and white scarf all season and has made strong. connections both with the club and its members Piggy has also taken to being a Swans supporter and can be seen. running around Steel Blue Oval every home game, Of course the biggest news of 2019 was reaching our 2 million in community contributions milestone This is a great. achievement and something all of our shareholders Directors Staff and community partners should be very proud of. Andrea and I at the community office definitely are. Not only are we proud but we are also grateful for the privilege of working with our. community and look forward to a successful 2020,Karen Beale.
Executive Officer, 10 Annual Report Mundaring Community Financial Services Ltd. Groups supported,Spring 2018 Grant Round,Recipients Contribution towards. Glen Forrest Christmas Gathering Community Carol s event. Mount Helena Residents Ratepayers Assoc Billy Cart Festival. Yallambee Baptistcare CD Players for residents use. Katherine Susannah Pritchard Prize money for writing awards. Chidlow Progress Association Community Carols event. Glen Forrest Primary School School Fete and Art Show. Darlington Community Bonfire Insurance Prize money and signage. Shire of Mundaring Cinema under Starlight series, Munda Biddi Trail Foundation Catering Bikes and maps for participants. Swan View Agricultural Show Cost of security for event. Midland Old Boys Sports initiative to encourage youth. Autumn 2019 Grant Round,Recipients Contribution towards. Darlington Cricket Club Quiz Night, Mundaring Chamber of Commerce Printing costs of Weir in Business voucher book.
Experience Gidgegannup Gidgegannup Small Farm Field Day. Darlington Family Playgroup Painting of facilities. Progressive Axemen s Association Prizes for Axeman events held in Chidlow. Jane Brook Catchment Group Plants and refreshments for planting day. West Coast Cowboys New horse jumping equipment,Wooroloo Primary School Annual Fete. Wundowie Primary School Mathletics subscription,Mundaring Hills Historical Society Sundowner. Glen Forrest Residents Ratepayers Assoc Barbecue for community events. Mundaring Sharing Upgrade of facilities,Little Possums Day Care Quik Kids Ipads. Mundaring Woodturners New Equipment,Perth Trail Series Event sponsorship. Hills Big Band Event sponsorship,Ashleigh English Individual sponsorship.
Cultivate WA Signage and infrastructure,WA International Taekwondo New equipment. Dane Rossen Individual sponsorship, Glen Forrest Volunteer Bush Fire Brigade Thermal Imaging Camera. Chidlow Volunteer Bush Fire Brigade Fridge and Laptop. Annual Report Mundaring Community Financial Services Ltd 11. Groups supported continued, Maureen Pezzali 20 000 Winner of the Bendigo Bank Sporting Club Community Raffle. Recipients Contribution towards,Swan Districts Football Club Sponsorship of club. Darlington Arts Festival Marquee for event, Darlington and Sports Recreation Association Australia Day Community Music Event.
Mundaring Chamber of Commerce Catering for AGM,Ronald McDonald House Ronald McDonald House. Mahogany Creek Progress Association Signage,MowMENtum Men s Mental Health get togethers. Hills Education Network Sponsorship of Interschool Science Quest. 1st Mundaring Scout Group Provision of ambulance for Market event. Darlington Chamber Music Date stickers for signs,Street Smart Advertising. MowMENtum Roster signs,Eastern Hills Senior High School Breakfast Club. Dr Richard Stuart Chairman Chairman s report For year ending 30 June 2019 MCFS Board of Directors at the 2018 AGM 6 Annual Report Mundaring Community Financial Services Ltd Bendigo and Adelaide Bank report For year ending 30 June 2019 As a bank of 160 plus years we re proud to hold the mantle of Australia s fifth biggest bank In today s banking environment it s time to take full

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