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Thank you!
ALWS was blessed in 2022 to be entrusted with $9.9 million to bring love to life.
This exceeds the 2021 total of $9.0 million by 10%, and is $1.9 million more than our original 2022 budget plan. Thank you!
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Such a humbling result is a tribute to the kindness and generosity of ALWS supporters, matched with strong ongoing commitment by the Australian Government, through the Department of Foreign Affairs and Trade.
ALWS started 2022 planning on a deficit using previous years surplus funds, but ended the year with a surplus of $211,734. This provides a strong foundation for expanded ministry in 2023.
This result was achieved with an investment of 15.4% in ‘overheads’. These are the fundraising, administration and accountability costs, as defined by the ACFID Code of Conduct. Pleasingly, the 2022 result maintains the 5 year average of 15.4%.
2022 Revenue
49.8%
Grants 35.5%
10.4%
Grants 3.2%
Income 0.6%
Income 0.5%
ALWS regards ‘overhead’ costs as an essential part of effective ministry.
Administration and accountability ensure funds entrusted to ALWS are used properly and effectively, meeting all legal and accreditation standards, while also maximizing efficiency.
Fundraising shows supporters the impact they can make in people’s lives, and inspire them to action. In 2022, an amazing $7.25 was donated for every $1 invested.
ALWS also works to increase impact through Australian and international partnerships that provide ‘matching grants’, through careful investment, and securing support from partners like the Lutheran Laypeople’s League.
As the world faces what is described as a ‘polycrisis’, ALWS works toward securing a safer world for all, and amplifying the voices of those we serve. We are committed to being innovative and flexible in how we respond to both opportunities and challenges.
In summary, ALWS maintains a sound financial position as at 31 December 2022. ALWS has the capacity to meet all its obligations as and when they fall due and retains sufficient money in reserve to meet all its legal obligations.
