Financials

The Society has ended off the financial year 2024-2025 in a strong position with positive increases in our cash balance, and net assets. Operating cash flows and net position decreased but remained positive, demonstrating consistent performance in support of the Society’s mandate. This is a result of excellent fiscal management by the Society together with the ongoing Capital Modernization project – which delivers upgrades and enhancements across a number of our facilities that will allow us to better deliver our services and support those experiencing homelessness. 

Given the ongoing uncertainty in the current political and economic climate, management should remain vigilant in monitoring the financial position, ensuring prudent stewardship of resources and the flexibility to adapt as conditions evolve. Despite this, I am reassured through the significant effort by management and the safeguards and processes in place that the Society remains financially strong and viable.