The salient issues of this fiscal year have been:
The reinstating of central and district events, these being the Hurlingham Kermesse, the Bridge Tournament and the Family Fair,
The donations from districts, mainly form the North Riverside Car Boot Sale.
The investment in the perfection of the legacies-donations of properties. By the end of this fiscal year we already have a property in the name of the ABCC.
Managing the entity with this level of inflation has a toll on the direct debit donation campaign, as the values lose their purchasing power as the time goes by. To illustrate this, $100 at the beginning of the fiscal year represented $39.02 at the end of the fiscal year. The inflationary process, which in the coming year will get much worse with an estimated inflation over 100%, requires actions over and above those already enforced. This erosion of income affects the ABCC, BABS and Links as part of the fundraising responsibilities.
I wish to thank all the donors, volunteers, staff, honorary professionals and Community members in providing the support required to carry out the necessary changes to convert the ABCC in a modern organization.
Robert C. Cox, October 2022