ACS FINANCIAL Stephen Crouch

ACS Financial is the movement’s trusted leaders in insurance, lending, investment and risk management for churches and schools. We are pleased to report our report for the conference period (2019 - 2021).

Insurance

We have been able to keep our insurance pricing stable over recent years despite a very challenging insurance market that has impacted other insurers. 2021 will see some level of increases in response to the current market and significant storm and flooding events across the country. Whilst most ACC churches are our clients, we continue to reach a great number of churches and schools who are not ACC.

Insurance highlights include: • Grown our assets insured by 25% ($3.6 billion to $4.5 billion) • Continued to update our Risk Guide for Churches on our interactive online portal • Online Insurance Declaration now saving you time with renewals (now 98% of renewals) • The team works tirelessly to asses, advise on and pay claims made, to reduce downtime as much as possible. Investment Management & Commercial Lending • Grown Accumulator to $34.1 million at 31 December 2020

• Most of the fund has fixed interest deposits, for higher earning returns Goals and Vision

At the start of this decade, our team is more focused than ever at building our services to you and continuously improving products and services to provide to you, our clients. This year our staff will move into our recently purchased facility in Surrey Hills, Melbourne. It is an exciting time for ACS Financial, having finalised all legacy loans at the end of 2020. We are now looking forward to and planning for a hope laden decade ahead. To this end we are working on our 10 year plan which we hope to share with you in future reports. This year, possibly by Conference, we hope to announce our largest leap forward in Church and Commercial Lending, with the launch of a $100m+ lending warehouse fund which has the potential to grow significantly over coming years to position us to compete with the major banks and dominate the lending market in our space with competitive, aligned and tailored lending with our specialised skills and experience and knowledge of church. This will leverage our existing expertise with much greater levels of our own funds to lend directly, and greatly improve access to funding for our clients and the ACC Movement and increase ACSF’s profitability over coming years to grow two substantial business revenue streams in Insurance and Lending. Leadership Jon Holloway, our Chief Executive Officer, has led his team through the Covid-19 season with strength and grace. The team have served with high degrees of professionalism and dedication. The ACS Financial team deeply understand the business, our clients and the professional and Christian markets in which we operate. The board have been committed to building the value of the ACS business. I am grateful for their diligence and the care taken to enable the business to flourish. We are grateful for your continued support of ACS Financial.