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Community 21 is a profit-for-purpose company, owned by Australian not-for-profit organisations. It aims to build better financial options for not-for-profits. Our 2014 Year Book is a report covering our history, governance, share offer and activities for the year.
Citation preview
Executive summary
Welcome to our 2014 Year Book
We hope you will enjoy reading about our innovative Share Offer currently in the market the reports from office bearers the activities and achievements throughout the year a sneak peek in to the brand new world act and our vision for the future
We hope to build an Australia where the not-for-profit sector works so well together that it is less buffeted by the inevitable winds of change but making the ruffles themselves
Contents
3 Who is Community 21
4 The share offer
5founding shareholders amp Board
7CHAIRrsquoS REPORT
8 Edrsquos report
9 Grow strong amp Act
11ACTIVITIES + ACHIEVEMENTS
14 Vision for The future
15 And finallyhellip
Who is community 21
Community 21 is a social enterprise company owned by not-for-profits and dedicated to better financial capacity and capital streams for Australian not-for-profit organisations
Created in 2001 by 20 not-for-profits coming together and investing in a then unusual profit-for-purpose company Community 21 is one of Australias most longstanding and social ventures
It was a new idea and a bold move they were prepared to risk their money to realise their vision to develop a banking service that would help the Australian not-for-profits increase their financial capacity and tailored resources
In 2002 Community 21 in partnership with Bendigo Bank established the specialist banking service Community Sector Banking which now caters to more than 9000 Australian not-for-profits
Clearly the risk the founders took was worthwhile
In 2014 Community 21 launched an historic share offer exclusively to Australian not-for-profits Aiming to raise capital to inject in an expansion of Community Sector Banking and to expand the representativeness of the shareholder base
3
the Share OfferThe Community 21 Limited Share Offer aims to raise up to $4 million for a number of key initiatives including
bull Supporting development and implementation of the act platform which combines banking and crowdfunding to boost social outcomes
bull Developing impact investing vehicles such as social impact funds to stimulate greater investment in social impact projects
KEY DATES Date of Prospectus -14 Aug 2014Offer opened -14 Aug 2014 Date to reach Min Subs -13 Dec 2014 Final Closing Date -30 Jun 2015
KEY OFFER TERMSOffer Price per Share - $500 Number of Shares on issue immediately prior to the Offer - 400000No of New Shares offered - Up to 800000 Minimum Subscription amount - $1800000Maximum Subscription amount - $4000000
The above timetable is indicative only The Company reserves the right to vary the dates set out above subject to the Corporations Act and other applicable laws In particular the Company reserves the right to extend the Closing Date or accept late Applications without notifying any recipients of this Prospectus or any Applicants Investors who wish to submit an Application are encouraged to do so as soon as practicable after the Offer opens
HOW TO APPLYAn application for Shares under the Prospectus can only be made by completing the Application Form accompanying the Prospectus wwwcommunity21comauProspectus
ldquoAn exciting coming of age for an organisation that has over a decade of innovation under its beltrdquo Peter Quarmby
4
The foundation shareholders
Our twenty founding shareholders represent the diverse nature of Australiarsquos not-for-profit sector From large national welfare organisations to smaller local training and employment bodies their experience and knowledge ensure we are
both lsquoofrsquo the sector and lsquoforrsquo the sector
Their vision for the future has enabled the realisation of Community Sector Banking and now our exciting new development act
5
Community 21 is grateful to its dynamic and wholly engaged board of directors The directors have contributed greatly to the development of this innovative organisation Visit our website to get further acquainted
The Board of Directors
6
CHAIRrsquoS
REPORT
This year Community 21 achieved a long-held goal of opening up our ranks to other not-for-profit organisations through the opportunity to invest and join us as a shareholder
Over the 13 years since Community 21rsquos inception not-for-profits have got smarter Community Sector Banking has grown into a real force in sector banking and ethical and impact investing are becoming mainstream
When our founding shareholders got together to form Community 21 we had a vision to improve the landscape for not-for-profits but no concrete action plan
In 12 years in partnership with Bendigo and Adelaide Bank we have successfully built a banking service from the ground up We have tailored banking products reworking them until they fit the unique needs and purposes of our sector and inventing new ones where none existed
And it has paid off Over 9000 Australian not-for-profit organisations now bank with Community Sector Banking And this number is steadily growinghellip
This time around the Community 21 story is easier to tell We have big plans and substantial runs on the board
The changing and more challenging environment in which we operate means that the not-for-profit sector urgently needs to think about the way we do and finance our business We need to find new ways to sustain and build our operations and make best use of the financial capital we already have to improve our engagement with the citizens and communities who we serve
Community 21 is committed to helping not-for-profit organisations achieve these aims But we can can only succeed together
We need more organisations from the sector to get on board and to invest in the next phase of the development of Community 21 and its involvement in Community Sector Banking
I hope that 2014 is the year your organisation decides to become a shareholder in this venture and that our organisations our not-for-profit movement and ultimately our community reaps the rewards
DavidThompson AMJoin us to share the Community 21 vision
7
EXECUTIVE
DIRECTORS
REPORT
PeterQuarmbyIn 2013 - 14 we have sought to set the scene for a paradigm shift in the sector advocating a move towards greater independence and assuming control of its own financial destiny
This year has been about the capital raising process and expanding the shareholder base of Community 21
In the past few months we have traversed the country from Darwin to Hobart from Brisbane to Perth and all points in between to meet with more than 100 organisations and hold 5 Roadshows in major cities sharing our invitation for the sector to join Community 21 as a shareholder
As some of you are no doubt aware our share offer aims to raise capital to support Community Sector Bankingrsquos expansion developing act a unique and innovative new platform that combines crowdfunding and banking products as well as new impact investment vehicles
Community 21rsquos capital raising is about real impact investment It is an expression of the sectorrsquos willingness to create solutions and look for new ways to meet the demands of the future
These plans aim to benefit the whole sector but we cannot do it alone
This is the time to step up and capitalise on the skills foresight and the passion contained within the sector
We are more than a mere economic sector we are a movement within Australian society a movement committed to positive social cultural environmental and economic change Our movement will be strengthened through collaboration shared innovation and leadership
We look forward to continuing the journey with new shareholders working together to shape the future of our sector and our movement
I warmly invite you to download our prospectus and consider the investment for your not-for-profit Wersquod love to have you on board
Time to take bold steps amp create the future we want
8
Community sector
banking
Grow strong amp actIn 2014 the pressure for the not-for-profit sector to deliver more with less has played a significant role in terms of its ability to achieve outcomes Looking forward the implications of this increased pressure means the management of capital and funding is critical to the success of the sector With the federal government taking the first step towards abolishing the Australian Charities and Not-for-profits Commission the need to work closely together to achieve positive outcomes for the sector has never been more important
Community Sector Banking has shown commitment to the sector by bringing to the market innovative capital raising and funding models that will enable not-for-profits to increase the impact in the community
This year our focus in creating new pathways for social investment has seen the development and launch of the world-first initiative act bringing the worlds of banking and crowd funding together This platform will revolutionise the way individuals and organisations can invest in their community social enterprises and the not-for-profit sector
Supporting not-for-profits who help financially disadvantaged people has been our continued priority in 2014 and we were proud to launch our inaugural Social Investment Grants Program which awarded six Australian not-for-profit organisations with grants totalling $50000
Our success is dependent on our people and the support and guidance from our shareholders Community 21 and Bendigo Bank
Our driver to be innovative in our banking approach is our responsibility to the not-for-profit organisations who have invested in us through Community 21 Their investment strengthens our ability to develop innovative solutions for the sector in a way no other banking institution can
I am extremely proud of how far we have come in 2014 Looking to the future we aim to build on our growth and continue to source new pathways to deliver innovative and sustainable solutions to the sector ndash creating real solutions and delivering real impact
Greg PeelCEO and Managing DirectorCommunity Sector Banking
9
5
What is act act is a fresh new way of banking ndash for good act gives Australians the opportunity to earn and donate banking profits to a whole range of inspiring community-focused projects simply by doing something you already do everyday
act is designed to create a connection between people who want to make a difference and Australian not-for-profits who are focused on delivering positive social change
act enables individuals to align something they do every day such as banking with their personal values
How does act workItrsquos simple As soon as you open a bank account with act you receive an Impact Account Every time you do your banking you earn Impact Dollars You then allocate these Impact Dollars to any of the projects featured on the act website letsactcomau
You can choose where your donations go how much and how often
How can I get involved To get started all you have to do is give our team a call on 1300 ACT TODAY (1300 228 863) Our friendly team can answer all your questions and help you open an account or loan over the phone
Facts amp FiguresOver the last year Community Sector Banking has grown and remains committed to Australiarsquos not-for-profit sector
bull Customer numbers are up from 7000 to 9000
bull Staffing up from 53 to 63
bull Strong growth in product take up
bull Crowdfunding platform act is taking Community Sector Banking in exciting new directions and providing not-for-profits with new ways of engaging their supportersCheck out wwwletsactcomau
10
ACTIVITIES +
ACHIEVEMENTS
collaborationBringing Community 21 to the sector
Throughout the year Community 21 has been revitalising itself and getting ready for the big Share Offer
The capital raising process has seen us meet with more than 100 organisations throughout the country Including JOINC21 Roadshow events in 5 capital cities where we heard from many not-for-profit leaders about the reality of their experience
On the groundSupporting and attending sector conferences and meetings to share and keep up to date with the issues affecting the sector
In a highly connected worldWersquove boosted our reach to the sector by adding Facebook and Linkedin pages to our established Twitter profile as well as sending regular newsletters to a growing subscriber base
Community 21 continues to develop relationships with natural allies internationally This year wersquove deepened our relationship with the UKrsquos Charity Bank Social Enterprise UK INAISE and the Institute for Social Banking
ldquoAs a movement that has collaborated for over a century Australiarsquos not-for-profit sector is well practised at working together
Now is the time to come together again and use our collective resources to support the future independence of our organisations and their social impactrdquo David Thompson AM
11
innovationFirst of its kind
A share offer lodged with ASIC and exclusive to not-for-profits is as far as we could find out the first of its kind in Australia
At time of writing we are approaching minimum subscription and we are confident of a successful offer
Can you see your organisation as a shareholder We can
Donrsquot miss out ndashDownload the prospectus today
Working as a sector brains trust Over the last year Community 21 has been researching the many possibilities that the digital age can bring for not-for-profits and their fundingCrowdsourcing collaborative consumption and digital engagement are all fertile territory for not-for-profits and likely to be important for a sustainable future
Wersquove been proud to facilitate and contribute the sector knowledge component of this to Community Sector Bankingrsquos big leap forward in this space ndash the act platform
ldquoResearch and liaison with shareholders has been invaluable We are so excited to open up the company to more shareholders wersquore rubbing our hands at the opportunity to draw on increased sector knowledge to drive better financial resources and services for the sector as a wholerdquo Peter Q
Renovated presenceWith our rebrand in 2013 and upgraded digital presence wersquove had both virtual and physical facelift
This year Community 21 produced 2 videos with the wonderful digital storytellers
12
8
leadership
ldquo2014 has been a tumultuous one for the sector The tight fiscal environment uncertainty over the ACNC and controversial federal budget have worked together to make this year a particularly unsettled one
It is this environment that we can really see the leaders in the field they are the ones out in front thinking about the future planning their own destiny and that of the sector ndash not waiting for one to be handed to themrdquo Peter Q
An ambassador for social bankingPeter Quarmby was delighted to be invited to present at the Institute for Social Bankingrsquos summer school in Lyon He was asked to present on establishing a social bank and explore the guiding principles that set it apartThere was great interest in the Community Sector Banking and Community 21 story and the unique model we adopted to meet the banking needs of the Australian not-for-profit sector
Meeting the great disrupterIn October Peter was invited to speak on the same platform as Muhummed Yunus the founder of the Grameen Bank Peter was thrilled to meet the guru of social finance and felt that they had a great deal in common a willingness to disrupt the dominant thinking for the good of society
Homage to the founding 20 shareholdersOur 13th birthday and the second share offer have led us to consider once again the forward thinking leaders who were the original investors For some of our shareholders getting the $20000 to invest was quite a challenge Their vision has been vindicated and they have received both dividend and substantial capital growth as well as being an integral part of the success of Community Sector Banking is great endorsement of their faith and foresight
ACTIVITIES +
ACHIEVEMENTS
13
Community21 is the thought leader on financial issues for the sector because it successfully harnesses the brains trust of its shareholder base It contributes to government and sector policy development
The leaders of the sector have led a paradigm shift towards smarter and more sustainable ways of workingSector has taken back its financial destiny
Leadership
Innovation
Collaboration
Vision for the Future
Community 21 is engaging with the sector to create responses and services tailored to on the ground experience 11130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088 Community 21 pioneers concepts such as crowdsourcing social finance 1113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088for the good of the sector as a wholeCommunity 21 works to build financial capacity in all dimensions of the sector
11130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088Community 21 has a greatly enhanced and energized shareholder base It runs effective working groups as part of its work as a sector think tank Organisational independence is boosted and reliance on increasingly scarce government funding and resources is reduced because the sector works together effectively
14
And finallyhellip
Contact usE investcommunity21comauT +61 2 4855 8433W wwwcommunity21comau
ldquoBy any measure the Australian not-for-profit sector is huge and has a profound impact on all facets of Australiarsquos society economy and democracy
The Australian not-for-profit sector responds to our societyrsquos needs delivering and supporting environmental programs childrenrsquos services youth programs training and employment provision social and affordable housing disability services health services emergency services culture and the arts through to aged-care facilities and so much more
The Australian not-for-profit sector touches the lives of all Australians and without an independent sustainable financially secure not for profit sector our nation is diminishedPeter Q
ldquoA prospectus containing the offer of shares in Community 21 Limited ACN 097612416 (C21) is available at wwwcommunity21comauprospectus or by calling 02 42558433 You should consider the prospectus in deciding to acquire shares and whether C21 shares are appropriate for you If you want to acquire C21 shares then you will need to complete the application form attached to the prospectusrdquo
Wersquore looking for not-for-profit investorsWersquod love to hear from you
Contents
3 Who is Community 21
4 The share offer
5founding shareholders amp Board
7CHAIRrsquoS REPORT
8 Edrsquos report
9 Grow strong amp Act
11ACTIVITIES + ACHIEVEMENTS
14 Vision for The future
15 And finallyhellip
Who is community 21
Community 21 is a social enterprise company owned by not-for-profits and dedicated to better financial capacity and capital streams for Australian not-for-profit organisations
Created in 2001 by 20 not-for-profits coming together and investing in a then unusual profit-for-purpose company Community 21 is one of Australias most longstanding and social ventures
It was a new idea and a bold move they were prepared to risk their money to realise their vision to develop a banking service that would help the Australian not-for-profits increase their financial capacity and tailored resources
In 2002 Community 21 in partnership with Bendigo Bank established the specialist banking service Community Sector Banking which now caters to more than 9000 Australian not-for-profits
Clearly the risk the founders took was worthwhile
In 2014 Community 21 launched an historic share offer exclusively to Australian not-for-profits Aiming to raise capital to inject in an expansion of Community Sector Banking and to expand the representativeness of the shareholder base
3
the Share OfferThe Community 21 Limited Share Offer aims to raise up to $4 million for a number of key initiatives including
bull Supporting development and implementation of the act platform which combines banking and crowdfunding to boost social outcomes
bull Developing impact investing vehicles such as social impact funds to stimulate greater investment in social impact projects
KEY DATES Date of Prospectus -14 Aug 2014Offer opened -14 Aug 2014 Date to reach Min Subs -13 Dec 2014 Final Closing Date -30 Jun 2015
KEY OFFER TERMSOffer Price per Share - $500 Number of Shares on issue immediately prior to the Offer - 400000No of New Shares offered - Up to 800000 Minimum Subscription amount - $1800000Maximum Subscription amount - $4000000
The above timetable is indicative only The Company reserves the right to vary the dates set out above subject to the Corporations Act and other applicable laws In particular the Company reserves the right to extend the Closing Date or accept late Applications without notifying any recipients of this Prospectus or any Applicants Investors who wish to submit an Application are encouraged to do so as soon as practicable after the Offer opens
HOW TO APPLYAn application for Shares under the Prospectus can only be made by completing the Application Form accompanying the Prospectus wwwcommunity21comauProspectus
ldquoAn exciting coming of age for an organisation that has over a decade of innovation under its beltrdquo Peter Quarmby
4
The foundation shareholders
Our twenty founding shareholders represent the diverse nature of Australiarsquos not-for-profit sector From large national welfare organisations to smaller local training and employment bodies their experience and knowledge ensure we are
both lsquoofrsquo the sector and lsquoforrsquo the sector
Their vision for the future has enabled the realisation of Community Sector Banking and now our exciting new development act
5
Community 21 is grateful to its dynamic and wholly engaged board of directors The directors have contributed greatly to the development of this innovative organisation Visit our website to get further acquainted
The Board of Directors
6
CHAIRrsquoS
REPORT
This year Community 21 achieved a long-held goal of opening up our ranks to other not-for-profit organisations through the opportunity to invest and join us as a shareholder
Over the 13 years since Community 21rsquos inception not-for-profits have got smarter Community Sector Banking has grown into a real force in sector banking and ethical and impact investing are becoming mainstream
When our founding shareholders got together to form Community 21 we had a vision to improve the landscape for not-for-profits but no concrete action plan
In 12 years in partnership with Bendigo and Adelaide Bank we have successfully built a banking service from the ground up We have tailored banking products reworking them until they fit the unique needs and purposes of our sector and inventing new ones where none existed
And it has paid off Over 9000 Australian not-for-profit organisations now bank with Community Sector Banking And this number is steadily growinghellip
This time around the Community 21 story is easier to tell We have big plans and substantial runs on the board
The changing and more challenging environment in which we operate means that the not-for-profit sector urgently needs to think about the way we do and finance our business We need to find new ways to sustain and build our operations and make best use of the financial capital we already have to improve our engagement with the citizens and communities who we serve
Community 21 is committed to helping not-for-profit organisations achieve these aims But we can can only succeed together
We need more organisations from the sector to get on board and to invest in the next phase of the development of Community 21 and its involvement in Community Sector Banking
I hope that 2014 is the year your organisation decides to become a shareholder in this venture and that our organisations our not-for-profit movement and ultimately our community reaps the rewards
DavidThompson AMJoin us to share the Community 21 vision
7
EXECUTIVE
DIRECTORS
REPORT
PeterQuarmbyIn 2013 - 14 we have sought to set the scene for a paradigm shift in the sector advocating a move towards greater independence and assuming control of its own financial destiny
This year has been about the capital raising process and expanding the shareholder base of Community 21
In the past few months we have traversed the country from Darwin to Hobart from Brisbane to Perth and all points in between to meet with more than 100 organisations and hold 5 Roadshows in major cities sharing our invitation for the sector to join Community 21 as a shareholder
As some of you are no doubt aware our share offer aims to raise capital to support Community Sector Bankingrsquos expansion developing act a unique and innovative new platform that combines crowdfunding and banking products as well as new impact investment vehicles
Community 21rsquos capital raising is about real impact investment It is an expression of the sectorrsquos willingness to create solutions and look for new ways to meet the demands of the future
These plans aim to benefit the whole sector but we cannot do it alone
This is the time to step up and capitalise on the skills foresight and the passion contained within the sector
We are more than a mere economic sector we are a movement within Australian society a movement committed to positive social cultural environmental and economic change Our movement will be strengthened through collaboration shared innovation and leadership
We look forward to continuing the journey with new shareholders working together to shape the future of our sector and our movement
I warmly invite you to download our prospectus and consider the investment for your not-for-profit Wersquod love to have you on board
Time to take bold steps amp create the future we want
8
Community sector
banking
Grow strong amp actIn 2014 the pressure for the not-for-profit sector to deliver more with less has played a significant role in terms of its ability to achieve outcomes Looking forward the implications of this increased pressure means the management of capital and funding is critical to the success of the sector With the federal government taking the first step towards abolishing the Australian Charities and Not-for-profits Commission the need to work closely together to achieve positive outcomes for the sector has never been more important
Community Sector Banking has shown commitment to the sector by bringing to the market innovative capital raising and funding models that will enable not-for-profits to increase the impact in the community
This year our focus in creating new pathways for social investment has seen the development and launch of the world-first initiative act bringing the worlds of banking and crowd funding together This platform will revolutionise the way individuals and organisations can invest in their community social enterprises and the not-for-profit sector
Supporting not-for-profits who help financially disadvantaged people has been our continued priority in 2014 and we were proud to launch our inaugural Social Investment Grants Program which awarded six Australian not-for-profit organisations with grants totalling $50000
Our success is dependent on our people and the support and guidance from our shareholders Community 21 and Bendigo Bank
Our driver to be innovative in our banking approach is our responsibility to the not-for-profit organisations who have invested in us through Community 21 Their investment strengthens our ability to develop innovative solutions for the sector in a way no other banking institution can
I am extremely proud of how far we have come in 2014 Looking to the future we aim to build on our growth and continue to source new pathways to deliver innovative and sustainable solutions to the sector ndash creating real solutions and delivering real impact
Greg PeelCEO and Managing DirectorCommunity Sector Banking
9
5
What is act act is a fresh new way of banking ndash for good act gives Australians the opportunity to earn and donate banking profits to a whole range of inspiring community-focused projects simply by doing something you already do everyday
act is designed to create a connection between people who want to make a difference and Australian not-for-profits who are focused on delivering positive social change
act enables individuals to align something they do every day such as banking with their personal values
How does act workItrsquos simple As soon as you open a bank account with act you receive an Impact Account Every time you do your banking you earn Impact Dollars You then allocate these Impact Dollars to any of the projects featured on the act website letsactcomau
You can choose where your donations go how much and how often
How can I get involved To get started all you have to do is give our team a call on 1300 ACT TODAY (1300 228 863) Our friendly team can answer all your questions and help you open an account or loan over the phone
Facts amp FiguresOver the last year Community Sector Banking has grown and remains committed to Australiarsquos not-for-profit sector
bull Customer numbers are up from 7000 to 9000
bull Staffing up from 53 to 63
bull Strong growth in product take up
bull Crowdfunding platform act is taking Community Sector Banking in exciting new directions and providing not-for-profits with new ways of engaging their supportersCheck out wwwletsactcomau
10
ACTIVITIES +
ACHIEVEMENTS
collaborationBringing Community 21 to the sector
Throughout the year Community 21 has been revitalising itself and getting ready for the big Share Offer
The capital raising process has seen us meet with more than 100 organisations throughout the country Including JOINC21 Roadshow events in 5 capital cities where we heard from many not-for-profit leaders about the reality of their experience
On the groundSupporting and attending sector conferences and meetings to share and keep up to date with the issues affecting the sector
In a highly connected worldWersquove boosted our reach to the sector by adding Facebook and Linkedin pages to our established Twitter profile as well as sending regular newsletters to a growing subscriber base
Community 21 continues to develop relationships with natural allies internationally This year wersquove deepened our relationship with the UKrsquos Charity Bank Social Enterprise UK INAISE and the Institute for Social Banking
ldquoAs a movement that has collaborated for over a century Australiarsquos not-for-profit sector is well practised at working together
Now is the time to come together again and use our collective resources to support the future independence of our organisations and their social impactrdquo David Thompson AM
11
innovationFirst of its kind
A share offer lodged with ASIC and exclusive to not-for-profits is as far as we could find out the first of its kind in Australia
At time of writing we are approaching minimum subscription and we are confident of a successful offer
Can you see your organisation as a shareholder We can
Donrsquot miss out ndashDownload the prospectus today
Working as a sector brains trust Over the last year Community 21 has been researching the many possibilities that the digital age can bring for not-for-profits and their fundingCrowdsourcing collaborative consumption and digital engagement are all fertile territory for not-for-profits and likely to be important for a sustainable future
Wersquove been proud to facilitate and contribute the sector knowledge component of this to Community Sector Bankingrsquos big leap forward in this space ndash the act platform
ldquoResearch and liaison with shareholders has been invaluable We are so excited to open up the company to more shareholders wersquore rubbing our hands at the opportunity to draw on increased sector knowledge to drive better financial resources and services for the sector as a wholerdquo Peter Q
Renovated presenceWith our rebrand in 2013 and upgraded digital presence wersquove had both virtual and physical facelift
This year Community 21 produced 2 videos with the wonderful digital storytellers
12
8
leadership
ldquo2014 has been a tumultuous one for the sector The tight fiscal environment uncertainty over the ACNC and controversial federal budget have worked together to make this year a particularly unsettled one
It is this environment that we can really see the leaders in the field they are the ones out in front thinking about the future planning their own destiny and that of the sector ndash not waiting for one to be handed to themrdquo Peter Q
An ambassador for social bankingPeter Quarmby was delighted to be invited to present at the Institute for Social Bankingrsquos summer school in Lyon He was asked to present on establishing a social bank and explore the guiding principles that set it apartThere was great interest in the Community Sector Banking and Community 21 story and the unique model we adopted to meet the banking needs of the Australian not-for-profit sector
Meeting the great disrupterIn October Peter was invited to speak on the same platform as Muhummed Yunus the founder of the Grameen Bank Peter was thrilled to meet the guru of social finance and felt that they had a great deal in common a willingness to disrupt the dominant thinking for the good of society
Homage to the founding 20 shareholdersOur 13th birthday and the second share offer have led us to consider once again the forward thinking leaders who were the original investors For some of our shareholders getting the $20000 to invest was quite a challenge Their vision has been vindicated and they have received both dividend and substantial capital growth as well as being an integral part of the success of Community Sector Banking is great endorsement of their faith and foresight
ACTIVITIES +
ACHIEVEMENTS
13
Community21 is the thought leader on financial issues for the sector because it successfully harnesses the brains trust of its shareholder base It contributes to government and sector policy development
The leaders of the sector have led a paradigm shift towards smarter and more sustainable ways of workingSector has taken back its financial destiny
Leadership
Innovation
Collaboration
Vision for the Future
Community 21 is engaging with the sector to create responses and services tailored to on the ground experience 11130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088 Community 21 pioneers concepts such as crowdsourcing social finance 1113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088for the good of the sector as a wholeCommunity 21 works to build financial capacity in all dimensions of the sector
11130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088Community 21 has a greatly enhanced and energized shareholder base It runs effective working groups as part of its work as a sector think tank Organisational independence is boosted and reliance on increasingly scarce government funding and resources is reduced because the sector works together effectively
14
And finallyhellip
Contact usE investcommunity21comauT +61 2 4855 8433W wwwcommunity21comau
ldquoBy any measure the Australian not-for-profit sector is huge and has a profound impact on all facets of Australiarsquos society economy and democracy
The Australian not-for-profit sector responds to our societyrsquos needs delivering and supporting environmental programs childrenrsquos services youth programs training and employment provision social and affordable housing disability services health services emergency services culture and the arts through to aged-care facilities and so much more
The Australian not-for-profit sector touches the lives of all Australians and without an independent sustainable financially secure not for profit sector our nation is diminishedPeter Q
ldquoA prospectus containing the offer of shares in Community 21 Limited ACN 097612416 (C21) is available at wwwcommunity21comauprospectus or by calling 02 42558433 You should consider the prospectus in deciding to acquire shares and whether C21 shares are appropriate for you If you want to acquire C21 shares then you will need to complete the application form attached to the prospectusrdquo
Wersquore looking for not-for-profit investorsWersquod love to hear from you
Who is community 21
Community 21 is a social enterprise company owned by not-for-profits and dedicated to better financial capacity and capital streams for Australian not-for-profit organisations
Created in 2001 by 20 not-for-profits coming together and investing in a then unusual profit-for-purpose company Community 21 is one of Australias most longstanding and social ventures
It was a new idea and a bold move they were prepared to risk their money to realise their vision to develop a banking service that would help the Australian not-for-profits increase their financial capacity and tailored resources
In 2002 Community 21 in partnership with Bendigo Bank established the specialist banking service Community Sector Banking which now caters to more than 9000 Australian not-for-profits
Clearly the risk the founders took was worthwhile
In 2014 Community 21 launched an historic share offer exclusively to Australian not-for-profits Aiming to raise capital to inject in an expansion of Community Sector Banking and to expand the representativeness of the shareholder base
3
the Share OfferThe Community 21 Limited Share Offer aims to raise up to $4 million for a number of key initiatives including
bull Supporting development and implementation of the act platform which combines banking and crowdfunding to boost social outcomes
bull Developing impact investing vehicles such as social impact funds to stimulate greater investment in social impact projects
KEY DATES Date of Prospectus -14 Aug 2014Offer opened -14 Aug 2014 Date to reach Min Subs -13 Dec 2014 Final Closing Date -30 Jun 2015
KEY OFFER TERMSOffer Price per Share - $500 Number of Shares on issue immediately prior to the Offer - 400000No of New Shares offered - Up to 800000 Minimum Subscription amount - $1800000Maximum Subscription amount - $4000000
The above timetable is indicative only The Company reserves the right to vary the dates set out above subject to the Corporations Act and other applicable laws In particular the Company reserves the right to extend the Closing Date or accept late Applications without notifying any recipients of this Prospectus or any Applicants Investors who wish to submit an Application are encouraged to do so as soon as practicable after the Offer opens
HOW TO APPLYAn application for Shares under the Prospectus can only be made by completing the Application Form accompanying the Prospectus wwwcommunity21comauProspectus
ldquoAn exciting coming of age for an organisation that has over a decade of innovation under its beltrdquo Peter Quarmby
4
The foundation shareholders
Our twenty founding shareholders represent the diverse nature of Australiarsquos not-for-profit sector From large national welfare organisations to smaller local training and employment bodies their experience and knowledge ensure we are
both lsquoofrsquo the sector and lsquoforrsquo the sector
Their vision for the future has enabled the realisation of Community Sector Banking and now our exciting new development act
5
Community 21 is grateful to its dynamic and wholly engaged board of directors The directors have contributed greatly to the development of this innovative organisation Visit our website to get further acquainted
The Board of Directors
6
CHAIRrsquoS
REPORT
This year Community 21 achieved a long-held goal of opening up our ranks to other not-for-profit organisations through the opportunity to invest and join us as a shareholder
Over the 13 years since Community 21rsquos inception not-for-profits have got smarter Community Sector Banking has grown into a real force in sector banking and ethical and impact investing are becoming mainstream
When our founding shareholders got together to form Community 21 we had a vision to improve the landscape for not-for-profits but no concrete action plan
In 12 years in partnership with Bendigo and Adelaide Bank we have successfully built a banking service from the ground up We have tailored banking products reworking them until they fit the unique needs and purposes of our sector and inventing new ones where none existed
And it has paid off Over 9000 Australian not-for-profit organisations now bank with Community Sector Banking And this number is steadily growinghellip
This time around the Community 21 story is easier to tell We have big plans and substantial runs on the board
The changing and more challenging environment in which we operate means that the not-for-profit sector urgently needs to think about the way we do and finance our business We need to find new ways to sustain and build our operations and make best use of the financial capital we already have to improve our engagement with the citizens and communities who we serve
Community 21 is committed to helping not-for-profit organisations achieve these aims But we can can only succeed together
We need more organisations from the sector to get on board and to invest in the next phase of the development of Community 21 and its involvement in Community Sector Banking
I hope that 2014 is the year your organisation decides to become a shareholder in this venture and that our organisations our not-for-profit movement and ultimately our community reaps the rewards
DavidThompson AMJoin us to share the Community 21 vision
7
EXECUTIVE
DIRECTORS
REPORT
PeterQuarmbyIn 2013 - 14 we have sought to set the scene for a paradigm shift in the sector advocating a move towards greater independence and assuming control of its own financial destiny
This year has been about the capital raising process and expanding the shareholder base of Community 21
In the past few months we have traversed the country from Darwin to Hobart from Brisbane to Perth and all points in between to meet with more than 100 organisations and hold 5 Roadshows in major cities sharing our invitation for the sector to join Community 21 as a shareholder
As some of you are no doubt aware our share offer aims to raise capital to support Community Sector Bankingrsquos expansion developing act a unique and innovative new platform that combines crowdfunding and banking products as well as new impact investment vehicles
Community 21rsquos capital raising is about real impact investment It is an expression of the sectorrsquos willingness to create solutions and look for new ways to meet the demands of the future
These plans aim to benefit the whole sector but we cannot do it alone
This is the time to step up and capitalise on the skills foresight and the passion contained within the sector
We are more than a mere economic sector we are a movement within Australian society a movement committed to positive social cultural environmental and economic change Our movement will be strengthened through collaboration shared innovation and leadership
We look forward to continuing the journey with new shareholders working together to shape the future of our sector and our movement
I warmly invite you to download our prospectus and consider the investment for your not-for-profit Wersquod love to have you on board
Time to take bold steps amp create the future we want
8
Community sector
banking
Grow strong amp actIn 2014 the pressure for the not-for-profit sector to deliver more with less has played a significant role in terms of its ability to achieve outcomes Looking forward the implications of this increased pressure means the management of capital and funding is critical to the success of the sector With the federal government taking the first step towards abolishing the Australian Charities and Not-for-profits Commission the need to work closely together to achieve positive outcomes for the sector has never been more important
Community Sector Banking has shown commitment to the sector by bringing to the market innovative capital raising and funding models that will enable not-for-profits to increase the impact in the community
This year our focus in creating new pathways for social investment has seen the development and launch of the world-first initiative act bringing the worlds of banking and crowd funding together This platform will revolutionise the way individuals and organisations can invest in their community social enterprises and the not-for-profit sector
Supporting not-for-profits who help financially disadvantaged people has been our continued priority in 2014 and we were proud to launch our inaugural Social Investment Grants Program which awarded six Australian not-for-profit organisations with grants totalling $50000
Our success is dependent on our people and the support and guidance from our shareholders Community 21 and Bendigo Bank
Our driver to be innovative in our banking approach is our responsibility to the not-for-profit organisations who have invested in us through Community 21 Their investment strengthens our ability to develop innovative solutions for the sector in a way no other banking institution can
I am extremely proud of how far we have come in 2014 Looking to the future we aim to build on our growth and continue to source new pathways to deliver innovative and sustainable solutions to the sector ndash creating real solutions and delivering real impact
Greg PeelCEO and Managing DirectorCommunity Sector Banking
9
5
What is act act is a fresh new way of banking ndash for good act gives Australians the opportunity to earn and donate banking profits to a whole range of inspiring community-focused projects simply by doing something you already do everyday
act is designed to create a connection between people who want to make a difference and Australian not-for-profits who are focused on delivering positive social change
act enables individuals to align something they do every day such as banking with their personal values
How does act workItrsquos simple As soon as you open a bank account with act you receive an Impact Account Every time you do your banking you earn Impact Dollars You then allocate these Impact Dollars to any of the projects featured on the act website letsactcomau
You can choose where your donations go how much and how often
How can I get involved To get started all you have to do is give our team a call on 1300 ACT TODAY (1300 228 863) Our friendly team can answer all your questions and help you open an account or loan over the phone
Facts amp FiguresOver the last year Community Sector Banking has grown and remains committed to Australiarsquos not-for-profit sector
bull Customer numbers are up from 7000 to 9000
bull Staffing up from 53 to 63
bull Strong growth in product take up
bull Crowdfunding platform act is taking Community Sector Banking in exciting new directions and providing not-for-profits with new ways of engaging their supportersCheck out wwwletsactcomau
10
ACTIVITIES +
ACHIEVEMENTS
collaborationBringing Community 21 to the sector
Throughout the year Community 21 has been revitalising itself and getting ready for the big Share Offer
The capital raising process has seen us meet with more than 100 organisations throughout the country Including JOINC21 Roadshow events in 5 capital cities where we heard from many not-for-profit leaders about the reality of their experience
On the groundSupporting and attending sector conferences and meetings to share and keep up to date with the issues affecting the sector
In a highly connected worldWersquove boosted our reach to the sector by adding Facebook and Linkedin pages to our established Twitter profile as well as sending regular newsletters to a growing subscriber base
Community 21 continues to develop relationships with natural allies internationally This year wersquove deepened our relationship with the UKrsquos Charity Bank Social Enterprise UK INAISE and the Institute for Social Banking
ldquoAs a movement that has collaborated for over a century Australiarsquos not-for-profit sector is well practised at working together
Now is the time to come together again and use our collective resources to support the future independence of our organisations and their social impactrdquo David Thompson AM
11
innovationFirst of its kind
A share offer lodged with ASIC and exclusive to not-for-profits is as far as we could find out the first of its kind in Australia
At time of writing we are approaching minimum subscription and we are confident of a successful offer
Can you see your organisation as a shareholder We can
Donrsquot miss out ndashDownload the prospectus today
Working as a sector brains trust Over the last year Community 21 has been researching the many possibilities that the digital age can bring for not-for-profits and their fundingCrowdsourcing collaborative consumption and digital engagement are all fertile territory for not-for-profits and likely to be important for a sustainable future
Wersquove been proud to facilitate and contribute the sector knowledge component of this to Community Sector Bankingrsquos big leap forward in this space ndash the act platform
ldquoResearch and liaison with shareholders has been invaluable We are so excited to open up the company to more shareholders wersquore rubbing our hands at the opportunity to draw on increased sector knowledge to drive better financial resources and services for the sector as a wholerdquo Peter Q
Renovated presenceWith our rebrand in 2013 and upgraded digital presence wersquove had both virtual and physical facelift
This year Community 21 produced 2 videos with the wonderful digital storytellers
12
8
leadership
ldquo2014 has been a tumultuous one for the sector The tight fiscal environment uncertainty over the ACNC and controversial federal budget have worked together to make this year a particularly unsettled one
It is this environment that we can really see the leaders in the field they are the ones out in front thinking about the future planning their own destiny and that of the sector ndash not waiting for one to be handed to themrdquo Peter Q
An ambassador for social bankingPeter Quarmby was delighted to be invited to present at the Institute for Social Bankingrsquos summer school in Lyon He was asked to present on establishing a social bank and explore the guiding principles that set it apartThere was great interest in the Community Sector Banking and Community 21 story and the unique model we adopted to meet the banking needs of the Australian not-for-profit sector
Meeting the great disrupterIn October Peter was invited to speak on the same platform as Muhummed Yunus the founder of the Grameen Bank Peter was thrilled to meet the guru of social finance and felt that they had a great deal in common a willingness to disrupt the dominant thinking for the good of society
Homage to the founding 20 shareholdersOur 13th birthday and the second share offer have led us to consider once again the forward thinking leaders who were the original investors For some of our shareholders getting the $20000 to invest was quite a challenge Their vision has been vindicated and they have received both dividend and substantial capital growth as well as being an integral part of the success of Community Sector Banking is great endorsement of their faith and foresight
ACTIVITIES +
ACHIEVEMENTS
13
Community21 is the thought leader on financial issues for the sector because it successfully harnesses the brains trust of its shareholder base It contributes to government and sector policy development
The leaders of the sector have led a paradigm shift towards smarter and more sustainable ways of workingSector has taken back its financial destiny
Leadership
Innovation
Collaboration
Vision for the Future
Community 21 is engaging with the sector to create responses and services tailored to on the ground experience 11130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088 Community 21 pioneers concepts such as crowdsourcing social finance 1113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088for the good of the sector as a wholeCommunity 21 works to build financial capacity in all dimensions of the sector
11130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088Community 21 has a greatly enhanced and energized shareholder base It runs effective working groups as part of its work as a sector think tank Organisational independence is boosted and reliance on increasingly scarce government funding and resources is reduced because the sector works together effectively
14
And finallyhellip
Contact usE investcommunity21comauT +61 2 4855 8433W wwwcommunity21comau
ldquoBy any measure the Australian not-for-profit sector is huge and has a profound impact on all facets of Australiarsquos society economy and democracy
The Australian not-for-profit sector responds to our societyrsquos needs delivering and supporting environmental programs childrenrsquos services youth programs training and employment provision social and affordable housing disability services health services emergency services culture and the arts through to aged-care facilities and so much more
The Australian not-for-profit sector touches the lives of all Australians and without an independent sustainable financially secure not for profit sector our nation is diminishedPeter Q
ldquoA prospectus containing the offer of shares in Community 21 Limited ACN 097612416 (C21) is available at wwwcommunity21comauprospectus or by calling 02 42558433 You should consider the prospectus in deciding to acquire shares and whether C21 shares are appropriate for you If you want to acquire C21 shares then you will need to complete the application form attached to the prospectusrdquo
Wersquore looking for not-for-profit investorsWersquod love to hear from you
the Share OfferThe Community 21 Limited Share Offer aims to raise up to $4 million for a number of key initiatives including
bull Supporting development and implementation of the act platform which combines banking and crowdfunding to boost social outcomes
bull Developing impact investing vehicles such as social impact funds to stimulate greater investment in social impact projects
KEY DATES Date of Prospectus -14 Aug 2014Offer opened -14 Aug 2014 Date to reach Min Subs -13 Dec 2014 Final Closing Date -30 Jun 2015
KEY OFFER TERMSOffer Price per Share - $500 Number of Shares on issue immediately prior to the Offer - 400000No of New Shares offered - Up to 800000 Minimum Subscription amount - $1800000Maximum Subscription amount - $4000000
The above timetable is indicative only The Company reserves the right to vary the dates set out above subject to the Corporations Act and other applicable laws In particular the Company reserves the right to extend the Closing Date or accept late Applications without notifying any recipients of this Prospectus or any Applicants Investors who wish to submit an Application are encouraged to do so as soon as practicable after the Offer opens
HOW TO APPLYAn application for Shares under the Prospectus can only be made by completing the Application Form accompanying the Prospectus wwwcommunity21comauProspectus
ldquoAn exciting coming of age for an organisation that has over a decade of innovation under its beltrdquo Peter Quarmby
4
The foundation shareholders
Our twenty founding shareholders represent the diverse nature of Australiarsquos not-for-profit sector From large national welfare organisations to smaller local training and employment bodies their experience and knowledge ensure we are
both lsquoofrsquo the sector and lsquoforrsquo the sector
Their vision for the future has enabled the realisation of Community Sector Banking and now our exciting new development act
5
Community 21 is grateful to its dynamic and wholly engaged board of directors The directors have contributed greatly to the development of this innovative organisation Visit our website to get further acquainted
The Board of Directors
6
CHAIRrsquoS
REPORT
This year Community 21 achieved a long-held goal of opening up our ranks to other not-for-profit organisations through the opportunity to invest and join us as a shareholder
Over the 13 years since Community 21rsquos inception not-for-profits have got smarter Community Sector Banking has grown into a real force in sector banking and ethical and impact investing are becoming mainstream
When our founding shareholders got together to form Community 21 we had a vision to improve the landscape for not-for-profits but no concrete action plan
In 12 years in partnership with Bendigo and Adelaide Bank we have successfully built a banking service from the ground up We have tailored banking products reworking them until they fit the unique needs and purposes of our sector and inventing new ones where none existed
And it has paid off Over 9000 Australian not-for-profit organisations now bank with Community Sector Banking And this number is steadily growinghellip
This time around the Community 21 story is easier to tell We have big plans and substantial runs on the board
The changing and more challenging environment in which we operate means that the not-for-profit sector urgently needs to think about the way we do and finance our business We need to find new ways to sustain and build our operations and make best use of the financial capital we already have to improve our engagement with the citizens and communities who we serve
Community 21 is committed to helping not-for-profit organisations achieve these aims But we can can only succeed together
We need more organisations from the sector to get on board and to invest in the next phase of the development of Community 21 and its involvement in Community Sector Banking
I hope that 2014 is the year your organisation decides to become a shareholder in this venture and that our organisations our not-for-profit movement and ultimately our community reaps the rewards
DavidThompson AMJoin us to share the Community 21 vision
7
EXECUTIVE
DIRECTORS
REPORT
PeterQuarmbyIn 2013 - 14 we have sought to set the scene for a paradigm shift in the sector advocating a move towards greater independence and assuming control of its own financial destiny
This year has been about the capital raising process and expanding the shareholder base of Community 21
In the past few months we have traversed the country from Darwin to Hobart from Brisbane to Perth and all points in between to meet with more than 100 organisations and hold 5 Roadshows in major cities sharing our invitation for the sector to join Community 21 as a shareholder
As some of you are no doubt aware our share offer aims to raise capital to support Community Sector Bankingrsquos expansion developing act a unique and innovative new platform that combines crowdfunding and banking products as well as new impact investment vehicles
Community 21rsquos capital raising is about real impact investment It is an expression of the sectorrsquos willingness to create solutions and look for new ways to meet the demands of the future
These plans aim to benefit the whole sector but we cannot do it alone
This is the time to step up and capitalise on the skills foresight and the passion contained within the sector
We are more than a mere economic sector we are a movement within Australian society a movement committed to positive social cultural environmental and economic change Our movement will be strengthened through collaboration shared innovation and leadership
We look forward to continuing the journey with new shareholders working together to shape the future of our sector and our movement
I warmly invite you to download our prospectus and consider the investment for your not-for-profit Wersquod love to have you on board
Time to take bold steps amp create the future we want
8
Community sector
banking
Grow strong amp actIn 2014 the pressure for the not-for-profit sector to deliver more with less has played a significant role in terms of its ability to achieve outcomes Looking forward the implications of this increased pressure means the management of capital and funding is critical to the success of the sector With the federal government taking the first step towards abolishing the Australian Charities and Not-for-profits Commission the need to work closely together to achieve positive outcomes for the sector has never been more important
Community Sector Banking has shown commitment to the sector by bringing to the market innovative capital raising and funding models that will enable not-for-profits to increase the impact in the community
This year our focus in creating new pathways for social investment has seen the development and launch of the world-first initiative act bringing the worlds of banking and crowd funding together This platform will revolutionise the way individuals and organisations can invest in their community social enterprises and the not-for-profit sector
Supporting not-for-profits who help financially disadvantaged people has been our continued priority in 2014 and we were proud to launch our inaugural Social Investment Grants Program which awarded six Australian not-for-profit organisations with grants totalling $50000
Our success is dependent on our people and the support and guidance from our shareholders Community 21 and Bendigo Bank
Our driver to be innovative in our banking approach is our responsibility to the not-for-profit organisations who have invested in us through Community 21 Their investment strengthens our ability to develop innovative solutions for the sector in a way no other banking institution can
I am extremely proud of how far we have come in 2014 Looking to the future we aim to build on our growth and continue to source new pathways to deliver innovative and sustainable solutions to the sector ndash creating real solutions and delivering real impact
Greg PeelCEO and Managing DirectorCommunity Sector Banking
9
5
What is act act is a fresh new way of banking ndash for good act gives Australians the opportunity to earn and donate banking profits to a whole range of inspiring community-focused projects simply by doing something you already do everyday
act is designed to create a connection between people who want to make a difference and Australian not-for-profits who are focused on delivering positive social change
act enables individuals to align something they do every day such as banking with their personal values
How does act workItrsquos simple As soon as you open a bank account with act you receive an Impact Account Every time you do your banking you earn Impact Dollars You then allocate these Impact Dollars to any of the projects featured on the act website letsactcomau
You can choose where your donations go how much and how often
How can I get involved To get started all you have to do is give our team a call on 1300 ACT TODAY (1300 228 863) Our friendly team can answer all your questions and help you open an account or loan over the phone
Facts amp FiguresOver the last year Community Sector Banking has grown and remains committed to Australiarsquos not-for-profit sector
bull Customer numbers are up from 7000 to 9000
bull Staffing up from 53 to 63
bull Strong growth in product take up
bull Crowdfunding platform act is taking Community Sector Banking in exciting new directions and providing not-for-profits with new ways of engaging their supportersCheck out wwwletsactcomau
10
ACTIVITIES +
ACHIEVEMENTS
collaborationBringing Community 21 to the sector
Throughout the year Community 21 has been revitalising itself and getting ready for the big Share Offer
The capital raising process has seen us meet with more than 100 organisations throughout the country Including JOINC21 Roadshow events in 5 capital cities where we heard from many not-for-profit leaders about the reality of their experience
On the groundSupporting and attending sector conferences and meetings to share and keep up to date with the issues affecting the sector
In a highly connected worldWersquove boosted our reach to the sector by adding Facebook and Linkedin pages to our established Twitter profile as well as sending regular newsletters to a growing subscriber base
Community 21 continues to develop relationships with natural allies internationally This year wersquove deepened our relationship with the UKrsquos Charity Bank Social Enterprise UK INAISE and the Institute for Social Banking
ldquoAs a movement that has collaborated for over a century Australiarsquos not-for-profit sector is well practised at working together
Now is the time to come together again and use our collective resources to support the future independence of our organisations and their social impactrdquo David Thompson AM
11
innovationFirst of its kind
A share offer lodged with ASIC and exclusive to not-for-profits is as far as we could find out the first of its kind in Australia
At time of writing we are approaching minimum subscription and we are confident of a successful offer
Can you see your organisation as a shareholder We can
Donrsquot miss out ndashDownload the prospectus today
Working as a sector brains trust Over the last year Community 21 has been researching the many possibilities that the digital age can bring for not-for-profits and their fundingCrowdsourcing collaborative consumption and digital engagement are all fertile territory for not-for-profits and likely to be important for a sustainable future
Wersquove been proud to facilitate and contribute the sector knowledge component of this to Community Sector Bankingrsquos big leap forward in this space ndash the act platform
ldquoResearch and liaison with shareholders has been invaluable We are so excited to open up the company to more shareholders wersquore rubbing our hands at the opportunity to draw on increased sector knowledge to drive better financial resources and services for the sector as a wholerdquo Peter Q
Renovated presenceWith our rebrand in 2013 and upgraded digital presence wersquove had both virtual and physical facelift
This year Community 21 produced 2 videos with the wonderful digital storytellers
12
8
leadership
ldquo2014 has been a tumultuous one for the sector The tight fiscal environment uncertainty over the ACNC and controversial federal budget have worked together to make this year a particularly unsettled one
It is this environment that we can really see the leaders in the field they are the ones out in front thinking about the future planning their own destiny and that of the sector ndash not waiting for one to be handed to themrdquo Peter Q
An ambassador for social bankingPeter Quarmby was delighted to be invited to present at the Institute for Social Bankingrsquos summer school in Lyon He was asked to present on establishing a social bank and explore the guiding principles that set it apartThere was great interest in the Community Sector Banking and Community 21 story and the unique model we adopted to meet the banking needs of the Australian not-for-profit sector
Meeting the great disrupterIn October Peter was invited to speak on the same platform as Muhummed Yunus the founder of the Grameen Bank Peter was thrilled to meet the guru of social finance and felt that they had a great deal in common a willingness to disrupt the dominant thinking for the good of society
Homage to the founding 20 shareholdersOur 13th birthday and the second share offer have led us to consider once again the forward thinking leaders who were the original investors For some of our shareholders getting the $20000 to invest was quite a challenge Their vision has been vindicated and they have received both dividend and substantial capital growth as well as being an integral part of the success of Community Sector Banking is great endorsement of their faith and foresight
ACTIVITIES +
ACHIEVEMENTS
13
Community21 is the thought leader on financial issues for the sector because it successfully harnesses the brains trust of its shareholder base It contributes to government and sector policy development
The leaders of the sector have led a paradigm shift towards smarter and more sustainable ways of workingSector has taken back its financial destiny
Leadership
Innovation
Collaboration
Vision for the Future
Community 21 is engaging with the sector to create responses and services tailored to on the ground experience 11130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088 Community 21 pioneers concepts such as crowdsourcing social finance 1113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088for the good of the sector as a wholeCommunity 21 works to build financial capacity in all dimensions of the sector
11130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088Community 21 has a greatly enhanced and energized shareholder base It runs effective working groups as part of its work as a sector think tank Organisational independence is boosted and reliance on increasingly scarce government funding and resources is reduced because the sector works together effectively
14
And finallyhellip
Contact usE investcommunity21comauT +61 2 4855 8433W wwwcommunity21comau
ldquoBy any measure the Australian not-for-profit sector is huge and has a profound impact on all facets of Australiarsquos society economy and democracy
The Australian not-for-profit sector responds to our societyrsquos needs delivering and supporting environmental programs childrenrsquos services youth programs training and employment provision social and affordable housing disability services health services emergency services culture and the arts through to aged-care facilities and so much more
The Australian not-for-profit sector touches the lives of all Australians and without an independent sustainable financially secure not for profit sector our nation is diminishedPeter Q
ldquoA prospectus containing the offer of shares in Community 21 Limited ACN 097612416 (C21) is available at wwwcommunity21comauprospectus or by calling 02 42558433 You should consider the prospectus in deciding to acquire shares and whether C21 shares are appropriate for you If you want to acquire C21 shares then you will need to complete the application form attached to the prospectusrdquo
Wersquore looking for not-for-profit investorsWersquod love to hear from you
The foundation shareholders
Our twenty founding shareholders represent the diverse nature of Australiarsquos not-for-profit sector From large national welfare organisations to smaller local training and employment bodies their experience and knowledge ensure we are
both lsquoofrsquo the sector and lsquoforrsquo the sector
Their vision for the future has enabled the realisation of Community Sector Banking and now our exciting new development act
5
Community 21 is grateful to its dynamic and wholly engaged board of directors The directors have contributed greatly to the development of this innovative organisation Visit our website to get further acquainted
The Board of Directors
6
CHAIRrsquoS
REPORT
This year Community 21 achieved a long-held goal of opening up our ranks to other not-for-profit organisations through the opportunity to invest and join us as a shareholder
Over the 13 years since Community 21rsquos inception not-for-profits have got smarter Community Sector Banking has grown into a real force in sector banking and ethical and impact investing are becoming mainstream
When our founding shareholders got together to form Community 21 we had a vision to improve the landscape for not-for-profits but no concrete action plan
In 12 years in partnership with Bendigo and Adelaide Bank we have successfully built a banking service from the ground up We have tailored banking products reworking them until they fit the unique needs and purposes of our sector and inventing new ones where none existed
And it has paid off Over 9000 Australian not-for-profit organisations now bank with Community Sector Banking And this number is steadily growinghellip
This time around the Community 21 story is easier to tell We have big plans and substantial runs on the board
The changing and more challenging environment in which we operate means that the not-for-profit sector urgently needs to think about the way we do and finance our business We need to find new ways to sustain and build our operations and make best use of the financial capital we already have to improve our engagement with the citizens and communities who we serve
Community 21 is committed to helping not-for-profit organisations achieve these aims But we can can only succeed together
We need more organisations from the sector to get on board and to invest in the next phase of the development of Community 21 and its involvement in Community Sector Banking
I hope that 2014 is the year your organisation decides to become a shareholder in this venture and that our organisations our not-for-profit movement and ultimately our community reaps the rewards
DavidThompson AMJoin us to share the Community 21 vision
7
EXECUTIVE
DIRECTORS
REPORT
PeterQuarmbyIn 2013 - 14 we have sought to set the scene for a paradigm shift in the sector advocating a move towards greater independence and assuming control of its own financial destiny
This year has been about the capital raising process and expanding the shareholder base of Community 21
In the past few months we have traversed the country from Darwin to Hobart from Brisbane to Perth and all points in between to meet with more than 100 organisations and hold 5 Roadshows in major cities sharing our invitation for the sector to join Community 21 as a shareholder
As some of you are no doubt aware our share offer aims to raise capital to support Community Sector Bankingrsquos expansion developing act a unique and innovative new platform that combines crowdfunding and banking products as well as new impact investment vehicles
Community 21rsquos capital raising is about real impact investment It is an expression of the sectorrsquos willingness to create solutions and look for new ways to meet the demands of the future
These plans aim to benefit the whole sector but we cannot do it alone
This is the time to step up and capitalise on the skills foresight and the passion contained within the sector
We are more than a mere economic sector we are a movement within Australian society a movement committed to positive social cultural environmental and economic change Our movement will be strengthened through collaboration shared innovation and leadership
We look forward to continuing the journey with new shareholders working together to shape the future of our sector and our movement
I warmly invite you to download our prospectus and consider the investment for your not-for-profit Wersquod love to have you on board
Time to take bold steps amp create the future we want
8
Community sector
banking
Grow strong amp actIn 2014 the pressure for the not-for-profit sector to deliver more with less has played a significant role in terms of its ability to achieve outcomes Looking forward the implications of this increased pressure means the management of capital and funding is critical to the success of the sector With the federal government taking the first step towards abolishing the Australian Charities and Not-for-profits Commission the need to work closely together to achieve positive outcomes for the sector has never been more important
Community Sector Banking has shown commitment to the sector by bringing to the market innovative capital raising and funding models that will enable not-for-profits to increase the impact in the community
This year our focus in creating new pathways for social investment has seen the development and launch of the world-first initiative act bringing the worlds of banking and crowd funding together This platform will revolutionise the way individuals and organisations can invest in their community social enterprises and the not-for-profit sector
Supporting not-for-profits who help financially disadvantaged people has been our continued priority in 2014 and we were proud to launch our inaugural Social Investment Grants Program which awarded six Australian not-for-profit organisations with grants totalling $50000
Our success is dependent on our people and the support and guidance from our shareholders Community 21 and Bendigo Bank
Our driver to be innovative in our banking approach is our responsibility to the not-for-profit organisations who have invested in us through Community 21 Their investment strengthens our ability to develop innovative solutions for the sector in a way no other banking institution can
I am extremely proud of how far we have come in 2014 Looking to the future we aim to build on our growth and continue to source new pathways to deliver innovative and sustainable solutions to the sector ndash creating real solutions and delivering real impact
Greg PeelCEO and Managing DirectorCommunity Sector Banking
9
5
What is act act is a fresh new way of banking ndash for good act gives Australians the opportunity to earn and donate banking profits to a whole range of inspiring community-focused projects simply by doing something you already do everyday
act is designed to create a connection between people who want to make a difference and Australian not-for-profits who are focused on delivering positive social change
act enables individuals to align something they do every day such as banking with their personal values
How does act workItrsquos simple As soon as you open a bank account with act you receive an Impact Account Every time you do your banking you earn Impact Dollars You then allocate these Impact Dollars to any of the projects featured on the act website letsactcomau
You can choose where your donations go how much and how often
How can I get involved To get started all you have to do is give our team a call on 1300 ACT TODAY (1300 228 863) Our friendly team can answer all your questions and help you open an account or loan over the phone
Facts amp FiguresOver the last year Community Sector Banking has grown and remains committed to Australiarsquos not-for-profit sector
bull Customer numbers are up from 7000 to 9000
bull Staffing up from 53 to 63
bull Strong growth in product take up
bull Crowdfunding platform act is taking Community Sector Banking in exciting new directions and providing not-for-profits with new ways of engaging their supportersCheck out wwwletsactcomau
10
ACTIVITIES +
ACHIEVEMENTS
collaborationBringing Community 21 to the sector
Throughout the year Community 21 has been revitalising itself and getting ready for the big Share Offer
The capital raising process has seen us meet with more than 100 organisations throughout the country Including JOINC21 Roadshow events in 5 capital cities where we heard from many not-for-profit leaders about the reality of their experience
On the groundSupporting and attending sector conferences and meetings to share and keep up to date with the issues affecting the sector
In a highly connected worldWersquove boosted our reach to the sector by adding Facebook and Linkedin pages to our established Twitter profile as well as sending regular newsletters to a growing subscriber base
Community 21 continues to develop relationships with natural allies internationally This year wersquove deepened our relationship with the UKrsquos Charity Bank Social Enterprise UK INAISE and the Institute for Social Banking
ldquoAs a movement that has collaborated for over a century Australiarsquos not-for-profit sector is well practised at working together
Now is the time to come together again and use our collective resources to support the future independence of our organisations and their social impactrdquo David Thompson AM
11
innovationFirst of its kind
A share offer lodged with ASIC and exclusive to not-for-profits is as far as we could find out the first of its kind in Australia
At time of writing we are approaching minimum subscription and we are confident of a successful offer
Can you see your organisation as a shareholder We can
Donrsquot miss out ndashDownload the prospectus today
Working as a sector brains trust Over the last year Community 21 has been researching the many possibilities that the digital age can bring for not-for-profits and their fundingCrowdsourcing collaborative consumption and digital engagement are all fertile territory for not-for-profits and likely to be important for a sustainable future
Wersquove been proud to facilitate and contribute the sector knowledge component of this to Community Sector Bankingrsquos big leap forward in this space ndash the act platform
ldquoResearch and liaison with shareholders has been invaluable We are so excited to open up the company to more shareholders wersquore rubbing our hands at the opportunity to draw on increased sector knowledge to drive better financial resources and services for the sector as a wholerdquo Peter Q
Renovated presenceWith our rebrand in 2013 and upgraded digital presence wersquove had both virtual and physical facelift
This year Community 21 produced 2 videos with the wonderful digital storytellers
12
8
leadership
ldquo2014 has been a tumultuous one for the sector The tight fiscal environment uncertainty over the ACNC and controversial federal budget have worked together to make this year a particularly unsettled one
It is this environment that we can really see the leaders in the field they are the ones out in front thinking about the future planning their own destiny and that of the sector ndash not waiting for one to be handed to themrdquo Peter Q
An ambassador for social bankingPeter Quarmby was delighted to be invited to present at the Institute for Social Bankingrsquos summer school in Lyon He was asked to present on establishing a social bank and explore the guiding principles that set it apartThere was great interest in the Community Sector Banking and Community 21 story and the unique model we adopted to meet the banking needs of the Australian not-for-profit sector
Meeting the great disrupterIn October Peter was invited to speak on the same platform as Muhummed Yunus the founder of the Grameen Bank Peter was thrilled to meet the guru of social finance and felt that they had a great deal in common a willingness to disrupt the dominant thinking for the good of society
Homage to the founding 20 shareholdersOur 13th birthday and the second share offer have led us to consider once again the forward thinking leaders who were the original investors For some of our shareholders getting the $20000 to invest was quite a challenge Their vision has been vindicated and they have received both dividend and substantial capital growth as well as being an integral part of the success of Community Sector Banking is great endorsement of their faith and foresight
ACTIVITIES +
ACHIEVEMENTS
13
Community21 is the thought leader on financial issues for the sector because it successfully harnesses the brains trust of its shareholder base It contributes to government and sector policy development
The leaders of the sector have led a paradigm shift towards smarter and more sustainable ways of workingSector has taken back its financial destiny
Leadership
Innovation
Collaboration
Vision for the Future
Community 21 is engaging with the sector to create responses and services tailored to on the ground experience 11130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088 Community 21 pioneers concepts such as crowdsourcing social finance 1113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088for the good of the sector as a wholeCommunity 21 works to build financial capacity in all dimensions of the sector
11130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088Community 21 has a greatly enhanced and energized shareholder base It runs effective working groups as part of its work as a sector think tank Organisational independence is boosted and reliance on increasingly scarce government funding and resources is reduced because the sector works together effectively
14
And finallyhellip
Contact usE investcommunity21comauT +61 2 4855 8433W wwwcommunity21comau
ldquoBy any measure the Australian not-for-profit sector is huge and has a profound impact on all facets of Australiarsquos society economy and democracy
The Australian not-for-profit sector responds to our societyrsquos needs delivering and supporting environmental programs childrenrsquos services youth programs training and employment provision social and affordable housing disability services health services emergency services culture and the arts through to aged-care facilities and so much more
The Australian not-for-profit sector touches the lives of all Australians and without an independent sustainable financially secure not for profit sector our nation is diminishedPeter Q
ldquoA prospectus containing the offer of shares in Community 21 Limited ACN 097612416 (C21) is available at wwwcommunity21comauprospectus or by calling 02 42558433 You should consider the prospectus in deciding to acquire shares and whether C21 shares are appropriate for you If you want to acquire C21 shares then you will need to complete the application form attached to the prospectusrdquo
Wersquore looking for not-for-profit investorsWersquod love to hear from you
Community 21 is grateful to its dynamic and wholly engaged board of directors The directors have contributed greatly to the development of this innovative organisation Visit our website to get further acquainted
The Board of Directors
6
CHAIRrsquoS
REPORT
This year Community 21 achieved a long-held goal of opening up our ranks to other not-for-profit organisations through the opportunity to invest and join us as a shareholder
Over the 13 years since Community 21rsquos inception not-for-profits have got smarter Community Sector Banking has grown into a real force in sector banking and ethical and impact investing are becoming mainstream
When our founding shareholders got together to form Community 21 we had a vision to improve the landscape for not-for-profits but no concrete action plan
In 12 years in partnership with Bendigo and Adelaide Bank we have successfully built a banking service from the ground up We have tailored banking products reworking them until they fit the unique needs and purposes of our sector and inventing new ones where none existed
And it has paid off Over 9000 Australian not-for-profit organisations now bank with Community Sector Banking And this number is steadily growinghellip
This time around the Community 21 story is easier to tell We have big plans and substantial runs on the board
The changing and more challenging environment in which we operate means that the not-for-profit sector urgently needs to think about the way we do and finance our business We need to find new ways to sustain and build our operations and make best use of the financial capital we already have to improve our engagement with the citizens and communities who we serve
Community 21 is committed to helping not-for-profit organisations achieve these aims But we can can only succeed together
We need more organisations from the sector to get on board and to invest in the next phase of the development of Community 21 and its involvement in Community Sector Banking
I hope that 2014 is the year your organisation decides to become a shareholder in this venture and that our organisations our not-for-profit movement and ultimately our community reaps the rewards
DavidThompson AMJoin us to share the Community 21 vision
7
EXECUTIVE
DIRECTORS
REPORT
PeterQuarmbyIn 2013 - 14 we have sought to set the scene for a paradigm shift in the sector advocating a move towards greater independence and assuming control of its own financial destiny
This year has been about the capital raising process and expanding the shareholder base of Community 21
In the past few months we have traversed the country from Darwin to Hobart from Brisbane to Perth and all points in between to meet with more than 100 organisations and hold 5 Roadshows in major cities sharing our invitation for the sector to join Community 21 as a shareholder
As some of you are no doubt aware our share offer aims to raise capital to support Community Sector Bankingrsquos expansion developing act a unique and innovative new platform that combines crowdfunding and banking products as well as new impact investment vehicles
Community 21rsquos capital raising is about real impact investment It is an expression of the sectorrsquos willingness to create solutions and look for new ways to meet the demands of the future
These plans aim to benefit the whole sector but we cannot do it alone
This is the time to step up and capitalise on the skills foresight and the passion contained within the sector
We are more than a mere economic sector we are a movement within Australian society a movement committed to positive social cultural environmental and economic change Our movement will be strengthened through collaboration shared innovation and leadership
We look forward to continuing the journey with new shareholders working together to shape the future of our sector and our movement
I warmly invite you to download our prospectus and consider the investment for your not-for-profit Wersquod love to have you on board
Time to take bold steps amp create the future we want
8
Community sector
banking
Grow strong amp actIn 2014 the pressure for the not-for-profit sector to deliver more with less has played a significant role in terms of its ability to achieve outcomes Looking forward the implications of this increased pressure means the management of capital and funding is critical to the success of the sector With the federal government taking the first step towards abolishing the Australian Charities and Not-for-profits Commission the need to work closely together to achieve positive outcomes for the sector has never been more important
Community Sector Banking has shown commitment to the sector by bringing to the market innovative capital raising and funding models that will enable not-for-profits to increase the impact in the community
This year our focus in creating new pathways for social investment has seen the development and launch of the world-first initiative act bringing the worlds of banking and crowd funding together This platform will revolutionise the way individuals and organisations can invest in their community social enterprises and the not-for-profit sector
Supporting not-for-profits who help financially disadvantaged people has been our continued priority in 2014 and we were proud to launch our inaugural Social Investment Grants Program which awarded six Australian not-for-profit organisations with grants totalling $50000
Our success is dependent on our people and the support and guidance from our shareholders Community 21 and Bendigo Bank
Our driver to be innovative in our banking approach is our responsibility to the not-for-profit organisations who have invested in us through Community 21 Their investment strengthens our ability to develop innovative solutions for the sector in a way no other banking institution can
I am extremely proud of how far we have come in 2014 Looking to the future we aim to build on our growth and continue to source new pathways to deliver innovative and sustainable solutions to the sector ndash creating real solutions and delivering real impact
Greg PeelCEO and Managing DirectorCommunity Sector Banking
9
5
What is act act is a fresh new way of banking ndash for good act gives Australians the opportunity to earn and donate banking profits to a whole range of inspiring community-focused projects simply by doing something you already do everyday
act is designed to create a connection between people who want to make a difference and Australian not-for-profits who are focused on delivering positive social change
act enables individuals to align something they do every day such as banking with their personal values
How does act workItrsquos simple As soon as you open a bank account with act you receive an Impact Account Every time you do your banking you earn Impact Dollars You then allocate these Impact Dollars to any of the projects featured on the act website letsactcomau
You can choose where your donations go how much and how often
How can I get involved To get started all you have to do is give our team a call on 1300 ACT TODAY (1300 228 863) Our friendly team can answer all your questions and help you open an account or loan over the phone
Facts amp FiguresOver the last year Community Sector Banking has grown and remains committed to Australiarsquos not-for-profit sector
bull Customer numbers are up from 7000 to 9000
bull Staffing up from 53 to 63
bull Strong growth in product take up
bull Crowdfunding platform act is taking Community Sector Banking in exciting new directions and providing not-for-profits with new ways of engaging their supportersCheck out wwwletsactcomau
10
ACTIVITIES +
ACHIEVEMENTS
collaborationBringing Community 21 to the sector
Throughout the year Community 21 has been revitalising itself and getting ready for the big Share Offer
The capital raising process has seen us meet with more than 100 organisations throughout the country Including JOINC21 Roadshow events in 5 capital cities where we heard from many not-for-profit leaders about the reality of their experience
On the groundSupporting and attending sector conferences and meetings to share and keep up to date with the issues affecting the sector
In a highly connected worldWersquove boosted our reach to the sector by adding Facebook and Linkedin pages to our established Twitter profile as well as sending regular newsletters to a growing subscriber base
Community 21 continues to develop relationships with natural allies internationally This year wersquove deepened our relationship with the UKrsquos Charity Bank Social Enterprise UK INAISE and the Institute for Social Banking
ldquoAs a movement that has collaborated for over a century Australiarsquos not-for-profit sector is well practised at working together
Now is the time to come together again and use our collective resources to support the future independence of our organisations and their social impactrdquo David Thompson AM
11
innovationFirst of its kind
A share offer lodged with ASIC and exclusive to not-for-profits is as far as we could find out the first of its kind in Australia
At time of writing we are approaching minimum subscription and we are confident of a successful offer
Can you see your organisation as a shareholder We can
Donrsquot miss out ndashDownload the prospectus today
Working as a sector brains trust Over the last year Community 21 has been researching the many possibilities that the digital age can bring for not-for-profits and their fundingCrowdsourcing collaborative consumption and digital engagement are all fertile territory for not-for-profits and likely to be important for a sustainable future
Wersquove been proud to facilitate and contribute the sector knowledge component of this to Community Sector Bankingrsquos big leap forward in this space ndash the act platform
ldquoResearch and liaison with shareholders has been invaluable We are so excited to open up the company to more shareholders wersquore rubbing our hands at the opportunity to draw on increased sector knowledge to drive better financial resources and services for the sector as a wholerdquo Peter Q
Renovated presenceWith our rebrand in 2013 and upgraded digital presence wersquove had both virtual and physical facelift
This year Community 21 produced 2 videos with the wonderful digital storytellers
12
8
leadership
ldquo2014 has been a tumultuous one for the sector The tight fiscal environment uncertainty over the ACNC and controversial federal budget have worked together to make this year a particularly unsettled one
It is this environment that we can really see the leaders in the field they are the ones out in front thinking about the future planning their own destiny and that of the sector ndash not waiting for one to be handed to themrdquo Peter Q
An ambassador for social bankingPeter Quarmby was delighted to be invited to present at the Institute for Social Bankingrsquos summer school in Lyon He was asked to present on establishing a social bank and explore the guiding principles that set it apartThere was great interest in the Community Sector Banking and Community 21 story and the unique model we adopted to meet the banking needs of the Australian not-for-profit sector
Meeting the great disrupterIn October Peter was invited to speak on the same platform as Muhummed Yunus the founder of the Grameen Bank Peter was thrilled to meet the guru of social finance and felt that they had a great deal in common a willingness to disrupt the dominant thinking for the good of society
Homage to the founding 20 shareholdersOur 13th birthday and the second share offer have led us to consider once again the forward thinking leaders who were the original investors For some of our shareholders getting the $20000 to invest was quite a challenge Their vision has been vindicated and they have received both dividend and substantial capital growth as well as being an integral part of the success of Community Sector Banking is great endorsement of their faith and foresight
ACTIVITIES +
ACHIEVEMENTS
13
Community21 is the thought leader on financial issues for the sector because it successfully harnesses the brains trust of its shareholder base It contributes to government and sector policy development
The leaders of the sector have led a paradigm shift towards smarter and more sustainable ways of workingSector has taken back its financial destiny
Leadership
Innovation
Collaboration
Vision for the Future
Community 21 is engaging with the sector to create responses and services tailored to on the ground experience 11130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088 Community 21 pioneers concepts such as crowdsourcing social finance 1113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088for the good of the sector as a wholeCommunity 21 works to build financial capacity in all dimensions of the sector
11130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088Community 21 has a greatly enhanced and energized shareholder base It runs effective working groups as part of its work as a sector think tank Organisational independence is boosted and reliance on increasingly scarce government funding and resources is reduced because the sector works together effectively
14
And finallyhellip
Contact usE investcommunity21comauT +61 2 4855 8433W wwwcommunity21comau
ldquoBy any measure the Australian not-for-profit sector is huge and has a profound impact on all facets of Australiarsquos society economy and democracy
The Australian not-for-profit sector responds to our societyrsquos needs delivering and supporting environmental programs childrenrsquos services youth programs training and employment provision social and affordable housing disability services health services emergency services culture and the arts through to aged-care facilities and so much more
The Australian not-for-profit sector touches the lives of all Australians and without an independent sustainable financially secure not for profit sector our nation is diminishedPeter Q
ldquoA prospectus containing the offer of shares in Community 21 Limited ACN 097612416 (C21) is available at wwwcommunity21comauprospectus or by calling 02 42558433 You should consider the prospectus in deciding to acquire shares and whether C21 shares are appropriate for you If you want to acquire C21 shares then you will need to complete the application form attached to the prospectusrdquo
Wersquore looking for not-for-profit investorsWersquod love to hear from you
CHAIRrsquoS
REPORT
This year Community 21 achieved a long-held goal of opening up our ranks to other not-for-profit organisations through the opportunity to invest and join us as a shareholder
Over the 13 years since Community 21rsquos inception not-for-profits have got smarter Community Sector Banking has grown into a real force in sector banking and ethical and impact investing are becoming mainstream
When our founding shareholders got together to form Community 21 we had a vision to improve the landscape for not-for-profits but no concrete action plan
In 12 years in partnership with Bendigo and Adelaide Bank we have successfully built a banking service from the ground up We have tailored banking products reworking them until they fit the unique needs and purposes of our sector and inventing new ones where none existed
And it has paid off Over 9000 Australian not-for-profit organisations now bank with Community Sector Banking And this number is steadily growinghellip
This time around the Community 21 story is easier to tell We have big plans and substantial runs on the board
The changing and more challenging environment in which we operate means that the not-for-profit sector urgently needs to think about the way we do and finance our business We need to find new ways to sustain and build our operations and make best use of the financial capital we already have to improve our engagement with the citizens and communities who we serve
Community 21 is committed to helping not-for-profit organisations achieve these aims But we can can only succeed together
We need more organisations from the sector to get on board and to invest in the next phase of the development of Community 21 and its involvement in Community Sector Banking
I hope that 2014 is the year your organisation decides to become a shareholder in this venture and that our organisations our not-for-profit movement and ultimately our community reaps the rewards
DavidThompson AMJoin us to share the Community 21 vision
7
EXECUTIVE
DIRECTORS
REPORT
PeterQuarmbyIn 2013 - 14 we have sought to set the scene for a paradigm shift in the sector advocating a move towards greater independence and assuming control of its own financial destiny
This year has been about the capital raising process and expanding the shareholder base of Community 21
In the past few months we have traversed the country from Darwin to Hobart from Brisbane to Perth and all points in between to meet with more than 100 organisations and hold 5 Roadshows in major cities sharing our invitation for the sector to join Community 21 as a shareholder
As some of you are no doubt aware our share offer aims to raise capital to support Community Sector Bankingrsquos expansion developing act a unique and innovative new platform that combines crowdfunding and banking products as well as new impact investment vehicles
Community 21rsquos capital raising is about real impact investment It is an expression of the sectorrsquos willingness to create solutions and look for new ways to meet the demands of the future
These plans aim to benefit the whole sector but we cannot do it alone
This is the time to step up and capitalise on the skills foresight and the passion contained within the sector
We are more than a mere economic sector we are a movement within Australian society a movement committed to positive social cultural environmental and economic change Our movement will be strengthened through collaboration shared innovation and leadership
We look forward to continuing the journey with new shareholders working together to shape the future of our sector and our movement
I warmly invite you to download our prospectus and consider the investment for your not-for-profit Wersquod love to have you on board
Time to take bold steps amp create the future we want
8
Community sector
banking
Grow strong amp actIn 2014 the pressure for the not-for-profit sector to deliver more with less has played a significant role in terms of its ability to achieve outcomes Looking forward the implications of this increased pressure means the management of capital and funding is critical to the success of the sector With the federal government taking the first step towards abolishing the Australian Charities and Not-for-profits Commission the need to work closely together to achieve positive outcomes for the sector has never been more important
Community Sector Banking has shown commitment to the sector by bringing to the market innovative capital raising and funding models that will enable not-for-profits to increase the impact in the community
This year our focus in creating new pathways for social investment has seen the development and launch of the world-first initiative act bringing the worlds of banking and crowd funding together This platform will revolutionise the way individuals and organisations can invest in their community social enterprises and the not-for-profit sector
Supporting not-for-profits who help financially disadvantaged people has been our continued priority in 2014 and we were proud to launch our inaugural Social Investment Grants Program which awarded six Australian not-for-profit organisations with grants totalling $50000
Our success is dependent on our people and the support and guidance from our shareholders Community 21 and Bendigo Bank
Our driver to be innovative in our banking approach is our responsibility to the not-for-profit organisations who have invested in us through Community 21 Their investment strengthens our ability to develop innovative solutions for the sector in a way no other banking institution can
I am extremely proud of how far we have come in 2014 Looking to the future we aim to build on our growth and continue to source new pathways to deliver innovative and sustainable solutions to the sector ndash creating real solutions and delivering real impact
Greg PeelCEO and Managing DirectorCommunity Sector Banking
9
5
What is act act is a fresh new way of banking ndash for good act gives Australians the opportunity to earn and donate banking profits to a whole range of inspiring community-focused projects simply by doing something you already do everyday
act is designed to create a connection between people who want to make a difference and Australian not-for-profits who are focused on delivering positive social change
act enables individuals to align something they do every day such as banking with their personal values
How does act workItrsquos simple As soon as you open a bank account with act you receive an Impact Account Every time you do your banking you earn Impact Dollars You then allocate these Impact Dollars to any of the projects featured on the act website letsactcomau
You can choose where your donations go how much and how often
How can I get involved To get started all you have to do is give our team a call on 1300 ACT TODAY (1300 228 863) Our friendly team can answer all your questions and help you open an account or loan over the phone
Facts amp FiguresOver the last year Community Sector Banking has grown and remains committed to Australiarsquos not-for-profit sector
bull Customer numbers are up from 7000 to 9000
bull Staffing up from 53 to 63
bull Strong growth in product take up
bull Crowdfunding platform act is taking Community Sector Banking in exciting new directions and providing not-for-profits with new ways of engaging their supportersCheck out wwwletsactcomau
10
ACTIVITIES +
ACHIEVEMENTS
collaborationBringing Community 21 to the sector
Throughout the year Community 21 has been revitalising itself and getting ready for the big Share Offer
The capital raising process has seen us meet with more than 100 organisations throughout the country Including JOINC21 Roadshow events in 5 capital cities where we heard from many not-for-profit leaders about the reality of their experience
On the groundSupporting and attending sector conferences and meetings to share and keep up to date with the issues affecting the sector
In a highly connected worldWersquove boosted our reach to the sector by adding Facebook and Linkedin pages to our established Twitter profile as well as sending regular newsletters to a growing subscriber base
Community 21 continues to develop relationships with natural allies internationally This year wersquove deepened our relationship with the UKrsquos Charity Bank Social Enterprise UK INAISE and the Institute for Social Banking
ldquoAs a movement that has collaborated for over a century Australiarsquos not-for-profit sector is well practised at working together
Now is the time to come together again and use our collective resources to support the future independence of our organisations and their social impactrdquo David Thompson AM
11
innovationFirst of its kind
A share offer lodged with ASIC and exclusive to not-for-profits is as far as we could find out the first of its kind in Australia
At time of writing we are approaching minimum subscription and we are confident of a successful offer
Can you see your organisation as a shareholder We can
Donrsquot miss out ndashDownload the prospectus today
Working as a sector brains trust Over the last year Community 21 has been researching the many possibilities that the digital age can bring for not-for-profits and their fundingCrowdsourcing collaborative consumption and digital engagement are all fertile territory for not-for-profits and likely to be important for a sustainable future
Wersquove been proud to facilitate and contribute the sector knowledge component of this to Community Sector Bankingrsquos big leap forward in this space ndash the act platform
ldquoResearch and liaison with shareholders has been invaluable We are so excited to open up the company to more shareholders wersquore rubbing our hands at the opportunity to draw on increased sector knowledge to drive better financial resources and services for the sector as a wholerdquo Peter Q
Renovated presenceWith our rebrand in 2013 and upgraded digital presence wersquove had both virtual and physical facelift
This year Community 21 produced 2 videos with the wonderful digital storytellers
12
8
leadership
ldquo2014 has been a tumultuous one for the sector The tight fiscal environment uncertainty over the ACNC and controversial federal budget have worked together to make this year a particularly unsettled one
It is this environment that we can really see the leaders in the field they are the ones out in front thinking about the future planning their own destiny and that of the sector ndash not waiting for one to be handed to themrdquo Peter Q
An ambassador for social bankingPeter Quarmby was delighted to be invited to present at the Institute for Social Bankingrsquos summer school in Lyon He was asked to present on establishing a social bank and explore the guiding principles that set it apartThere was great interest in the Community Sector Banking and Community 21 story and the unique model we adopted to meet the banking needs of the Australian not-for-profit sector
Meeting the great disrupterIn October Peter was invited to speak on the same platform as Muhummed Yunus the founder of the Grameen Bank Peter was thrilled to meet the guru of social finance and felt that they had a great deal in common a willingness to disrupt the dominant thinking for the good of society
Homage to the founding 20 shareholdersOur 13th birthday and the second share offer have led us to consider once again the forward thinking leaders who were the original investors For some of our shareholders getting the $20000 to invest was quite a challenge Their vision has been vindicated and they have received both dividend and substantial capital growth as well as being an integral part of the success of Community Sector Banking is great endorsement of their faith and foresight
ACTIVITIES +
ACHIEVEMENTS
13
Community21 is the thought leader on financial issues for the sector because it successfully harnesses the brains trust of its shareholder base It contributes to government and sector policy development
The leaders of the sector have led a paradigm shift towards smarter and more sustainable ways of workingSector has taken back its financial destiny
Leadership
Innovation
Collaboration
Vision for the Future
Community 21 is engaging with the sector to create responses and services tailored to on the ground experience 11130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088 Community 21 pioneers concepts such as crowdsourcing social finance 1113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088for the good of the sector as a wholeCommunity 21 works to build financial capacity in all dimensions of the sector
11130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088Community 21 has a greatly enhanced and energized shareholder base It runs effective working groups as part of its work as a sector think tank Organisational independence is boosted and reliance on increasingly scarce government funding and resources is reduced because the sector works together effectively
14
And finallyhellip
Contact usE investcommunity21comauT +61 2 4855 8433W wwwcommunity21comau
ldquoBy any measure the Australian not-for-profit sector is huge and has a profound impact on all facets of Australiarsquos society economy and democracy
The Australian not-for-profit sector responds to our societyrsquos needs delivering and supporting environmental programs childrenrsquos services youth programs training and employment provision social and affordable housing disability services health services emergency services culture and the arts through to aged-care facilities and so much more
The Australian not-for-profit sector touches the lives of all Australians and without an independent sustainable financially secure not for profit sector our nation is diminishedPeter Q
ldquoA prospectus containing the offer of shares in Community 21 Limited ACN 097612416 (C21) is available at wwwcommunity21comauprospectus or by calling 02 42558433 You should consider the prospectus in deciding to acquire shares and whether C21 shares are appropriate for you If you want to acquire C21 shares then you will need to complete the application form attached to the prospectusrdquo
Wersquore looking for not-for-profit investorsWersquod love to hear from you
EXECUTIVE
DIRECTORS
REPORT
PeterQuarmbyIn 2013 - 14 we have sought to set the scene for a paradigm shift in the sector advocating a move towards greater independence and assuming control of its own financial destiny
This year has been about the capital raising process and expanding the shareholder base of Community 21
In the past few months we have traversed the country from Darwin to Hobart from Brisbane to Perth and all points in between to meet with more than 100 organisations and hold 5 Roadshows in major cities sharing our invitation for the sector to join Community 21 as a shareholder
As some of you are no doubt aware our share offer aims to raise capital to support Community Sector Bankingrsquos expansion developing act a unique and innovative new platform that combines crowdfunding and banking products as well as new impact investment vehicles
Community 21rsquos capital raising is about real impact investment It is an expression of the sectorrsquos willingness to create solutions and look for new ways to meet the demands of the future
These plans aim to benefit the whole sector but we cannot do it alone
This is the time to step up and capitalise on the skills foresight and the passion contained within the sector
We are more than a mere economic sector we are a movement within Australian society a movement committed to positive social cultural environmental and economic change Our movement will be strengthened through collaboration shared innovation and leadership
We look forward to continuing the journey with new shareholders working together to shape the future of our sector and our movement
I warmly invite you to download our prospectus and consider the investment for your not-for-profit Wersquod love to have you on board
Time to take bold steps amp create the future we want
8
Community sector
banking
Grow strong amp actIn 2014 the pressure for the not-for-profit sector to deliver more with less has played a significant role in terms of its ability to achieve outcomes Looking forward the implications of this increased pressure means the management of capital and funding is critical to the success of the sector With the federal government taking the first step towards abolishing the Australian Charities and Not-for-profits Commission the need to work closely together to achieve positive outcomes for the sector has never been more important
Community Sector Banking has shown commitment to the sector by bringing to the market innovative capital raising and funding models that will enable not-for-profits to increase the impact in the community
This year our focus in creating new pathways for social investment has seen the development and launch of the world-first initiative act bringing the worlds of banking and crowd funding together This platform will revolutionise the way individuals and organisations can invest in their community social enterprises and the not-for-profit sector
Supporting not-for-profits who help financially disadvantaged people has been our continued priority in 2014 and we were proud to launch our inaugural Social Investment Grants Program which awarded six Australian not-for-profit organisations with grants totalling $50000
Our success is dependent on our people and the support and guidance from our shareholders Community 21 and Bendigo Bank
Our driver to be innovative in our banking approach is our responsibility to the not-for-profit organisations who have invested in us through Community 21 Their investment strengthens our ability to develop innovative solutions for the sector in a way no other banking institution can
I am extremely proud of how far we have come in 2014 Looking to the future we aim to build on our growth and continue to source new pathways to deliver innovative and sustainable solutions to the sector ndash creating real solutions and delivering real impact
Greg PeelCEO and Managing DirectorCommunity Sector Banking
9
5
What is act act is a fresh new way of banking ndash for good act gives Australians the opportunity to earn and donate banking profits to a whole range of inspiring community-focused projects simply by doing something you already do everyday
act is designed to create a connection between people who want to make a difference and Australian not-for-profits who are focused on delivering positive social change
act enables individuals to align something they do every day such as banking with their personal values
How does act workItrsquos simple As soon as you open a bank account with act you receive an Impact Account Every time you do your banking you earn Impact Dollars You then allocate these Impact Dollars to any of the projects featured on the act website letsactcomau
You can choose where your donations go how much and how often
How can I get involved To get started all you have to do is give our team a call on 1300 ACT TODAY (1300 228 863) Our friendly team can answer all your questions and help you open an account or loan over the phone
Facts amp FiguresOver the last year Community Sector Banking has grown and remains committed to Australiarsquos not-for-profit sector
bull Customer numbers are up from 7000 to 9000
bull Staffing up from 53 to 63
bull Strong growth in product take up
bull Crowdfunding platform act is taking Community Sector Banking in exciting new directions and providing not-for-profits with new ways of engaging their supportersCheck out wwwletsactcomau
10
ACTIVITIES +
ACHIEVEMENTS
collaborationBringing Community 21 to the sector
Throughout the year Community 21 has been revitalising itself and getting ready for the big Share Offer
The capital raising process has seen us meet with more than 100 organisations throughout the country Including JOINC21 Roadshow events in 5 capital cities where we heard from many not-for-profit leaders about the reality of their experience
On the groundSupporting and attending sector conferences and meetings to share and keep up to date with the issues affecting the sector
In a highly connected worldWersquove boosted our reach to the sector by adding Facebook and Linkedin pages to our established Twitter profile as well as sending regular newsletters to a growing subscriber base
Community 21 continues to develop relationships with natural allies internationally This year wersquove deepened our relationship with the UKrsquos Charity Bank Social Enterprise UK INAISE and the Institute for Social Banking
ldquoAs a movement that has collaborated for over a century Australiarsquos not-for-profit sector is well practised at working together
Now is the time to come together again and use our collective resources to support the future independence of our organisations and their social impactrdquo David Thompson AM
11
innovationFirst of its kind
A share offer lodged with ASIC and exclusive to not-for-profits is as far as we could find out the first of its kind in Australia
At time of writing we are approaching minimum subscription and we are confident of a successful offer
Can you see your organisation as a shareholder We can
Donrsquot miss out ndashDownload the prospectus today
Working as a sector brains trust Over the last year Community 21 has been researching the many possibilities that the digital age can bring for not-for-profits and their fundingCrowdsourcing collaborative consumption and digital engagement are all fertile territory for not-for-profits and likely to be important for a sustainable future
Wersquove been proud to facilitate and contribute the sector knowledge component of this to Community Sector Bankingrsquos big leap forward in this space ndash the act platform
ldquoResearch and liaison with shareholders has been invaluable We are so excited to open up the company to more shareholders wersquore rubbing our hands at the opportunity to draw on increased sector knowledge to drive better financial resources and services for the sector as a wholerdquo Peter Q
Renovated presenceWith our rebrand in 2013 and upgraded digital presence wersquove had both virtual and physical facelift
This year Community 21 produced 2 videos with the wonderful digital storytellers
12
8
leadership
ldquo2014 has been a tumultuous one for the sector The tight fiscal environment uncertainty over the ACNC and controversial federal budget have worked together to make this year a particularly unsettled one
It is this environment that we can really see the leaders in the field they are the ones out in front thinking about the future planning their own destiny and that of the sector ndash not waiting for one to be handed to themrdquo Peter Q
An ambassador for social bankingPeter Quarmby was delighted to be invited to present at the Institute for Social Bankingrsquos summer school in Lyon He was asked to present on establishing a social bank and explore the guiding principles that set it apartThere was great interest in the Community Sector Banking and Community 21 story and the unique model we adopted to meet the banking needs of the Australian not-for-profit sector
Meeting the great disrupterIn October Peter was invited to speak on the same platform as Muhummed Yunus the founder of the Grameen Bank Peter was thrilled to meet the guru of social finance and felt that they had a great deal in common a willingness to disrupt the dominant thinking for the good of society
Homage to the founding 20 shareholdersOur 13th birthday and the second share offer have led us to consider once again the forward thinking leaders who were the original investors For some of our shareholders getting the $20000 to invest was quite a challenge Their vision has been vindicated and they have received both dividend and substantial capital growth as well as being an integral part of the success of Community Sector Banking is great endorsement of their faith and foresight
ACTIVITIES +
ACHIEVEMENTS
13
Community21 is the thought leader on financial issues for the sector because it successfully harnesses the brains trust of its shareholder base It contributes to government and sector policy development
The leaders of the sector have led a paradigm shift towards smarter and more sustainable ways of workingSector has taken back its financial destiny
Leadership
Innovation
Collaboration
Vision for the Future
Community 21 is engaging with the sector to create responses and services tailored to on the ground experience 11130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088 Community 21 pioneers concepts such as crowdsourcing social finance 1113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088for the good of the sector as a wholeCommunity 21 works to build financial capacity in all dimensions of the sector
11130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088Community 21 has a greatly enhanced and energized shareholder base It runs effective working groups as part of its work as a sector think tank Organisational independence is boosted and reliance on increasingly scarce government funding and resources is reduced because the sector works together effectively
14
And finallyhellip
Contact usE investcommunity21comauT +61 2 4855 8433W wwwcommunity21comau
ldquoBy any measure the Australian not-for-profit sector is huge and has a profound impact on all facets of Australiarsquos society economy and democracy
The Australian not-for-profit sector responds to our societyrsquos needs delivering and supporting environmental programs childrenrsquos services youth programs training and employment provision social and affordable housing disability services health services emergency services culture and the arts through to aged-care facilities and so much more
The Australian not-for-profit sector touches the lives of all Australians and without an independent sustainable financially secure not for profit sector our nation is diminishedPeter Q
ldquoA prospectus containing the offer of shares in Community 21 Limited ACN 097612416 (C21) is available at wwwcommunity21comauprospectus or by calling 02 42558433 You should consider the prospectus in deciding to acquire shares and whether C21 shares are appropriate for you If you want to acquire C21 shares then you will need to complete the application form attached to the prospectusrdquo
Wersquore looking for not-for-profit investorsWersquod love to hear from you
Community sector
banking
Grow strong amp actIn 2014 the pressure for the not-for-profit sector to deliver more with less has played a significant role in terms of its ability to achieve outcomes Looking forward the implications of this increased pressure means the management of capital and funding is critical to the success of the sector With the federal government taking the first step towards abolishing the Australian Charities and Not-for-profits Commission the need to work closely together to achieve positive outcomes for the sector has never been more important
Community Sector Banking has shown commitment to the sector by bringing to the market innovative capital raising and funding models that will enable not-for-profits to increase the impact in the community
This year our focus in creating new pathways for social investment has seen the development and launch of the world-first initiative act bringing the worlds of banking and crowd funding together This platform will revolutionise the way individuals and organisations can invest in their community social enterprises and the not-for-profit sector
Supporting not-for-profits who help financially disadvantaged people has been our continued priority in 2014 and we were proud to launch our inaugural Social Investment Grants Program which awarded six Australian not-for-profit organisations with grants totalling $50000
Our success is dependent on our people and the support and guidance from our shareholders Community 21 and Bendigo Bank
Our driver to be innovative in our banking approach is our responsibility to the not-for-profit organisations who have invested in us through Community 21 Their investment strengthens our ability to develop innovative solutions for the sector in a way no other banking institution can
I am extremely proud of how far we have come in 2014 Looking to the future we aim to build on our growth and continue to source new pathways to deliver innovative and sustainable solutions to the sector ndash creating real solutions and delivering real impact
Greg PeelCEO and Managing DirectorCommunity Sector Banking
9
5
What is act act is a fresh new way of banking ndash for good act gives Australians the opportunity to earn and donate banking profits to a whole range of inspiring community-focused projects simply by doing something you already do everyday
act is designed to create a connection between people who want to make a difference and Australian not-for-profits who are focused on delivering positive social change
act enables individuals to align something they do every day such as banking with their personal values
How does act workItrsquos simple As soon as you open a bank account with act you receive an Impact Account Every time you do your banking you earn Impact Dollars You then allocate these Impact Dollars to any of the projects featured on the act website letsactcomau
You can choose where your donations go how much and how often
How can I get involved To get started all you have to do is give our team a call on 1300 ACT TODAY (1300 228 863) Our friendly team can answer all your questions and help you open an account or loan over the phone
Facts amp FiguresOver the last year Community Sector Banking has grown and remains committed to Australiarsquos not-for-profit sector
bull Customer numbers are up from 7000 to 9000
bull Staffing up from 53 to 63
bull Strong growth in product take up
bull Crowdfunding platform act is taking Community Sector Banking in exciting new directions and providing not-for-profits with new ways of engaging their supportersCheck out wwwletsactcomau
10
ACTIVITIES +
ACHIEVEMENTS
collaborationBringing Community 21 to the sector
Throughout the year Community 21 has been revitalising itself and getting ready for the big Share Offer
The capital raising process has seen us meet with more than 100 organisations throughout the country Including JOINC21 Roadshow events in 5 capital cities where we heard from many not-for-profit leaders about the reality of their experience
On the groundSupporting and attending sector conferences and meetings to share and keep up to date with the issues affecting the sector
In a highly connected worldWersquove boosted our reach to the sector by adding Facebook and Linkedin pages to our established Twitter profile as well as sending regular newsletters to a growing subscriber base
Community 21 continues to develop relationships with natural allies internationally This year wersquove deepened our relationship with the UKrsquos Charity Bank Social Enterprise UK INAISE and the Institute for Social Banking
ldquoAs a movement that has collaborated for over a century Australiarsquos not-for-profit sector is well practised at working together
Now is the time to come together again and use our collective resources to support the future independence of our organisations and their social impactrdquo David Thompson AM
11
innovationFirst of its kind
A share offer lodged with ASIC and exclusive to not-for-profits is as far as we could find out the first of its kind in Australia
At time of writing we are approaching minimum subscription and we are confident of a successful offer
Can you see your organisation as a shareholder We can
Donrsquot miss out ndashDownload the prospectus today
Working as a sector brains trust Over the last year Community 21 has been researching the many possibilities that the digital age can bring for not-for-profits and their fundingCrowdsourcing collaborative consumption and digital engagement are all fertile territory for not-for-profits and likely to be important for a sustainable future
Wersquove been proud to facilitate and contribute the sector knowledge component of this to Community Sector Bankingrsquos big leap forward in this space ndash the act platform
ldquoResearch and liaison with shareholders has been invaluable We are so excited to open up the company to more shareholders wersquore rubbing our hands at the opportunity to draw on increased sector knowledge to drive better financial resources and services for the sector as a wholerdquo Peter Q
Renovated presenceWith our rebrand in 2013 and upgraded digital presence wersquove had both virtual and physical facelift
This year Community 21 produced 2 videos with the wonderful digital storytellers
12
8
leadership
ldquo2014 has been a tumultuous one for the sector The tight fiscal environment uncertainty over the ACNC and controversial federal budget have worked together to make this year a particularly unsettled one
It is this environment that we can really see the leaders in the field they are the ones out in front thinking about the future planning their own destiny and that of the sector ndash not waiting for one to be handed to themrdquo Peter Q
An ambassador for social bankingPeter Quarmby was delighted to be invited to present at the Institute for Social Bankingrsquos summer school in Lyon He was asked to present on establishing a social bank and explore the guiding principles that set it apartThere was great interest in the Community Sector Banking and Community 21 story and the unique model we adopted to meet the banking needs of the Australian not-for-profit sector
Meeting the great disrupterIn October Peter was invited to speak on the same platform as Muhummed Yunus the founder of the Grameen Bank Peter was thrilled to meet the guru of social finance and felt that they had a great deal in common a willingness to disrupt the dominant thinking for the good of society
Homage to the founding 20 shareholdersOur 13th birthday and the second share offer have led us to consider once again the forward thinking leaders who were the original investors For some of our shareholders getting the $20000 to invest was quite a challenge Their vision has been vindicated and they have received both dividend and substantial capital growth as well as being an integral part of the success of Community Sector Banking is great endorsement of their faith and foresight
ACTIVITIES +
ACHIEVEMENTS
13
Community21 is the thought leader on financial issues for the sector because it successfully harnesses the brains trust of its shareholder base It contributes to government and sector policy development
The leaders of the sector have led a paradigm shift towards smarter and more sustainable ways of workingSector has taken back its financial destiny
Leadership
Innovation
Collaboration
Vision for the Future
Community 21 is engaging with the sector to create responses and services tailored to on the ground experience 11130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088 Community 21 pioneers concepts such as crowdsourcing social finance 1113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088for the good of the sector as a wholeCommunity 21 works to build financial capacity in all dimensions of the sector
11130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088Community 21 has a greatly enhanced and energized shareholder base It runs effective working groups as part of its work as a sector think tank Organisational independence is boosted and reliance on increasingly scarce government funding and resources is reduced because the sector works together effectively
14
And finallyhellip
Contact usE investcommunity21comauT +61 2 4855 8433W wwwcommunity21comau
ldquoBy any measure the Australian not-for-profit sector is huge and has a profound impact on all facets of Australiarsquos society economy and democracy
The Australian not-for-profit sector responds to our societyrsquos needs delivering and supporting environmental programs childrenrsquos services youth programs training and employment provision social and affordable housing disability services health services emergency services culture and the arts through to aged-care facilities and so much more
The Australian not-for-profit sector touches the lives of all Australians and without an independent sustainable financially secure not for profit sector our nation is diminishedPeter Q
ldquoA prospectus containing the offer of shares in Community 21 Limited ACN 097612416 (C21) is available at wwwcommunity21comauprospectus or by calling 02 42558433 You should consider the prospectus in deciding to acquire shares and whether C21 shares are appropriate for you If you want to acquire C21 shares then you will need to complete the application form attached to the prospectusrdquo
Wersquore looking for not-for-profit investorsWersquod love to hear from you
5
What is act act is a fresh new way of banking ndash for good act gives Australians the opportunity to earn and donate banking profits to a whole range of inspiring community-focused projects simply by doing something you already do everyday
act is designed to create a connection between people who want to make a difference and Australian not-for-profits who are focused on delivering positive social change
act enables individuals to align something they do every day such as banking with their personal values
How does act workItrsquos simple As soon as you open a bank account with act you receive an Impact Account Every time you do your banking you earn Impact Dollars You then allocate these Impact Dollars to any of the projects featured on the act website letsactcomau
You can choose where your donations go how much and how often
How can I get involved To get started all you have to do is give our team a call on 1300 ACT TODAY (1300 228 863) Our friendly team can answer all your questions and help you open an account or loan over the phone
Facts amp FiguresOver the last year Community Sector Banking has grown and remains committed to Australiarsquos not-for-profit sector
bull Customer numbers are up from 7000 to 9000
bull Staffing up from 53 to 63
bull Strong growth in product take up
bull Crowdfunding platform act is taking Community Sector Banking in exciting new directions and providing not-for-profits with new ways of engaging their supportersCheck out wwwletsactcomau
10
ACTIVITIES +
ACHIEVEMENTS
collaborationBringing Community 21 to the sector
Throughout the year Community 21 has been revitalising itself and getting ready for the big Share Offer
The capital raising process has seen us meet with more than 100 organisations throughout the country Including JOINC21 Roadshow events in 5 capital cities where we heard from many not-for-profit leaders about the reality of their experience
On the groundSupporting and attending sector conferences and meetings to share and keep up to date with the issues affecting the sector
In a highly connected worldWersquove boosted our reach to the sector by adding Facebook and Linkedin pages to our established Twitter profile as well as sending regular newsletters to a growing subscriber base
Community 21 continues to develop relationships with natural allies internationally This year wersquove deepened our relationship with the UKrsquos Charity Bank Social Enterprise UK INAISE and the Institute for Social Banking
ldquoAs a movement that has collaborated for over a century Australiarsquos not-for-profit sector is well practised at working together
Now is the time to come together again and use our collective resources to support the future independence of our organisations and their social impactrdquo David Thompson AM
11
innovationFirst of its kind
A share offer lodged with ASIC and exclusive to not-for-profits is as far as we could find out the first of its kind in Australia
At time of writing we are approaching minimum subscription and we are confident of a successful offer
Can you see your organisation as a shareholder We can
Donrsquot miss out ndashDownload the prospectus today
Working as a sector brains trust Over the last year Community 21 has been researching the many possibilities that the digital age can bring for not-for-profits and their fundingCrowdsourcing collaborative consumption and digital engagement are all fertile territory for not-for-profits and likely to be important for a sustainable future
Wersquove been proud to facilitate and contribute the sector knowledge component of this to Community Sector Bankingrsquos big leap forward in this space ndash the act platform
ldquoResearch and liaison with shareholders has been invaluable We are so excited to open up the company to more shareholders wersquore rubbing our hands at the opportunity to draw on increased sector knowledge to drive better financial resources and services for the sector as a wholerdquo Peter Q
Renovated presenceWith our rebrand in 2013 and upgraded digital presence wersquove had both virtual and physical facelift
This year Community 21 produced 2 videos with the wonderful digital storytellers
12
8
leadership
ldquo2014 has been a tumultuous one for the sector The tight fiscal environment uncertainty over the ACNC and controversial federal budget have worked together to make this year a particularly unsettled one
It is this environment that we can really see the leaders in the field they are the ones out in front thinking about the future planning their own destiny and that of the sector ndash not waiting for one to be handed to themrdquo Peter Q
An ambassador for social bankingPeter Quarmby was delighted to be invited to present at the Institute for Social Bankingrsquos summer school in Lyon He was asked to present on establishing a social bank and explore the guiding principles that set it apartThere was great interest in the Community Sector Banking and Community 21 story and the unique model we adopted to meet the banking needs of the Australian not-for-profit sector
Meeting the great disrupterIn October Peter was invited to speak on the same platform as Muhummed Yunus the founder of the Grameen Bank Peter was thrilled to meet the guru of social finance and felt that they had a great deal in common a willingness to disrupt the dominant thinking for the good of society
Homage to the founding 20 shareholdersOur 13th birthday and the second share offer have led us to consider once again the forward thinking leaders who were the original investors For some of our shareholders getting the $20000 to invest was quite a challenge Their vision has been vindicated and they have received both dividend and substantial capital growth as well as being an integral part of the success of Community Sector Banking is great endorsement of their faith and foresight
ACTIVITIES +
ACHIEVEMENTS
13
Community21 is the thought leader on financial issues for the sector because it successfully harnesses the brains trust of its shareholder base It contributes to government and sector policy development
The leaders of the sector have led a paradigm shift towards smarter and more sustainable ways of workingSector has taken back its financial destiny
Leadership
Innovation
Collaboration
Vision for the Future
Community 21 is engaging with the sector to create responses and services tailored to on the ground experience 11130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088 Community 21 pioneers concepts such as crowdsourcing social finance 1113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088for the good of the sector as a wholeCommunity 21 works to build financial capacity in all dimensions of the sector
11130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088Community 21 has a greatly enhanced and energized shareholder base It runs effective working groups as part of its work as a sector think tank Organisational independence is boosted and reliance on increasingly scarce government funding and resources is reduced because the sector works together effectively
14
And finallyhellip
Contact usE investcommunity21comauT +61 2 4855 8433W wwwcommunity21comau
ldquoBy any measure the Australian not-for-profit sector is huge and has a profound impact on all facets of Australiarsquos society economy and democracy
The Australian not-for-profit sector responds to our societyrsquos needs delivering and supporting environmental programs childrenrsquos services youth programs training and employment provision social and affordable housing disability services health services emergency services culture and the arts through to aged-care facilities and so much more
The Australian not-for-profit sector touches the lives of all Australians and without an independent sustainable financially secure not for profit sector our nation is diminishedPeter Q
ldquoA prospectus containing the offer of shares in Community 21 Limited ACN 097612416 (C21) is available at wwwcommunity21comauprospectus or by calling 02 42558433 You should consider the prospectus in deciding to acquire shares and whether C21 shares are appropriate for you If you want to acquire C21 shares then you will need to complete the application form attached to the prospectusrdquo
Wersquore looking for not-for-profit investorsWersquod love to hear from you
ACTIVITIES +
ACHIEVEMENTS
collaborationBringing Community 21 to the sector
Throughout the year Community 21 has been revitalising itself and getting ready for the big Share Offer
The capital raising process has seen us meet with more than 100 organisations throughout the country Including JOINC21 Roadshow events in 5 capital cities where we heard from many not-for-profit leaders about the reality of their experience
On the groundSupporting and attending sector conferences and meetings to share and keep up to date with the issues affecting the sector
In a highly connected worldWersquove boosted our reach to the sector by adding Facebook and Linkedin pages to our established Twitter profile as well as sending regular newsletters to a growing subscriber base
Community 21 continues to develop relationships with natural allies internationally This year wersquove deepened our relationship with the UKrsquos Charity Bank Social Enterprise UK INAISE and the Institute for Social Banking
ldquoAs a movement that has collaborated for over a century Australiarsquos not-for-profit sector is well practised at working together
Now is the time to come together again and use our collective resources to support the future independence of our organisations and their social impactrdquo David Thompson AM
11
innovationFirst of its kind
A share offer lodged with ASIC and exclusive to not-for-profits is as far as we could find out the first of its kind in Australia
At time of writing we are approaching minimum subscription and we are confident of a successful offer
Can you see your organisation as a shareholder We can
Donrsquot miss out ndashDownload the prospectus today
Working as a sector brains trust Over the last year Community 21 has been researching the many possibilities that the digital age can bring for not-for-profits and their fundingCrowdsourcing collaborative consumption and digital engagement are all fertile territory for not-for-profits and likely to be important for a sustainable future
Wersquove been proud to facilitate and contribute the sector knowledge component of this to Community Sector Bankingrsquos big leap forward in this space ndash the act platform
ldquoResearch and liaison with shareholders has been invaluable We are so excited to open up the company to more shareholders wersquore rubbing our hands at the opportunity to draw on increased sector knowledge to drive better financial resources and services for the sector as a wholerdquo Peter Q
Renovated presenceWith our rebrand in 2013 and upgraded digital presence wersquove had both virtual and physical facelift
This year Community 21 produced 2 videos with the wonderful digital storytellers
12
8
leadership
ldquo2014 has been a tumultuous one for the sector The tight fiscal environment uncertainty over the ACNC and controversial federal budget have worked together to make this year a particularly unsettled one
It is this environment that we can really see the leaders in the field they are the ones out in front thinking about the future planning their own destiny and that of the sector ndash not waiting for one to be handed to themrdquo Peter Q
An ambassador for social bankingPeter Quarmby was delighted to be invited to present at the Institute for Social Bankingrsquos summer school in Lyon He was asked to present on establishing a social bank and explore the guiding principles that set it apartThere was great interest in the Community Sector Banking and Community 21 story and the unique model we adopted to meet the banking needs of the Australian not-for-profit sector
Meeting the great disrupterIn October Peter was invited to speak on the same platform as Muhummed Yunus the founder of the Grameen Bank Peter was thrilled to meet the guru of social finance and felt that they had a great deal in common a willingness to disrupt the dominant thinking for the good of society
Homage to the founding 20 shareholdersOur 13th birthday and the second share offer have led us to consider once again the forward thinking leaders who were the original investors For some of our shareholders getting the $20000 to invest was quite a challenge Their vision has been vindicated and they have received both dividend and substantial capital growth as well as being an integral part of the success of Community Sector Banking is great endorsement of their faith and foresight
ACTIVITIES +
ACHIEVEMENTS
13
Community21 is the thought leader on financial issues for the sector because it successfully harnesses the brains trust of its shareholder base It contributes to government and sector policy development
The leaders of the sector have led a paradigm shift towards smarter and more sustainable ways of workingSector has taken back its financial destiny
Leadership
Innovation
Collaboration
Vision for the Future
Community 21 is engaging with the sector to create responses and services tailored to on the ground experience 11130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088 Community 21 pioneers concepts such as crowdsourcing social finance 1113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088for the good of the sector as a wholeCommunity 21 works to build financial capacity in all dimensions of the sector
11130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088Community 21 has a greatly enhanced and energized shareholder base It runs effective working groups as part of its work as a sector think tank Organisational independence is boosted and reliance on increasingly scarce government funding and resources is reduced because the sector works together effectively
14
And finallyhellip
Contact usE investcommunity21comauT +61 2 4855 8433W wwwcommunity21comau
ldquoBy any measure the Australian not-for-profit sector is huge and has a profound impact on all facets of Australiarsquos society economy and democracy
The Australian not-for-profit sector responds to our societyrsquos needs delivering and supporting environmental programs childrenrsquos services youth programs training and employment provision social and affordable housing disability services health services emergency services culture and the arts through to aged-care facilities and so much more
The Australian not-for-profit sector touches the lives of all Australians and without an independent sustainable financially secure not for profit sector our nation is diminishedPeter Q
ldquoA prospectus containing the offer of shares in Community 21 Limited ACN 097612416 (C21) is available at wwwcommunity21comauprospectus or by calling 02 42558433 You should consider the prospectus in deciding to acquire shares and whether C21 shares are appropriate for you If you want to acquire C21 shares then you will need to complete the application form attached to the prospectusrdquo
Wersquore looking for not-for-profit investorsWersquod love to hear from you
innovationFirst of its kind
A share offer lodged with ASIC and exclusive to not-for-profits is as far as we could find out the first of its kind in Australia
At time of writing we are approaching minimum subscription and we are confident of a successful offer
Can you see your organisation as a shareholder We can
Donrsquot miss out ndashDownload the prospectus today
Working as a sector brains trust Over the last year Community 21 has been researching the many possibilities that the digital age can bring for not-for-profits and their fundingCrowdsourcing collaborative consumption and digital engagement are all fertile territory for not-for-profits and likely to be important for a sustainable future
Wersquove been proud to facilitate and contribute the sector knowledge component of this to Community Sector Bankingrsquos big leap forward in this space ndash the act platform
ldquoResearch and liaison with shareholders has been invaluable We are so excited to open up the company to more shareholders wersquore rubbing our hands at the opportunity to draw on increased sector knowledge to drive better financial resources and services for the sector as a wholerdquo Peter Q
Renovated presenceWith our rebrand in 2013 and upgraded digital presence wersquove had both virtual and physical facelift
This year Community 21 produced 2 videos with the wonderful digital storytellers
12
8
leadership
ldquo2014 has been a tumultuous one for the sector The tight fiscal environment uncertainty over the ACNC and controversial federal budget have worked together to make this year a particularly unsettled one
It is this environment that we can really see the leaders in the field they are the ones out in front thinking about the future planning their own destiny and that of the sector ndash not waiting for one to be handed to themrdquo Peter Q
An ambassador for social bankingPeter Quarmby was delighted to be invited to present at the Institute for Social Bankingrsquos summer school in Lyon He was asked to present on establishing a social bank and explore the guiding principles that set it apartThere was great interest in the Community Sector Banking and Community 21 story and the unique model we adopted to meet the banking needs of the Australian not-for-profit sector
Meeting the great disrupterIn October Peter was invited to speak on the same platform as Muhummed Yunus the founder of the Grameen Bank Peter was thrilled to meet the guru of social finance and felt that they had a great deal in common a willingness to disrupt the dominant thinking for the good of society
Homage to the founding 20 shareholdersOur 13th birthday and the second share offer have led us to consider once again the forward thinking leaders who were the original investors For some of our shareholders getting the $20000 to invest was quite a challenge Their vision has been vindicated and they have received both dividend and substantial capital growth as well as being an integral part of the success of Community Sector Banking is great endorsement of their faith and foresight
ACTIVITIES +
ACHIEVEMENTS
13
Community21 is the thought leader on financial issues for the sector because it successfully harnesses the brains trust of its shareholder base It contributes to government and sector policy development
The leaders of the sector have led a paradigm shift towards smarter and more sustainable ways of workingSector has taken back its financial destiny
Leadership
Innovation
Collaboration
Vision for the Future
Community 21 is engaging with the sector to create responses and services tailored to on the ground experience 11130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088 Community 21 pioneers concepts such as crowdsourcing social finance 1113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088for the good of the sector as a wholeCommunity 21 works to build financial capacity in all dimensions of the sector
11130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088Community 21 has a greatly enhanced and energized shareholder base It runs effective working groups as part of its work as a sector think tank Organisational independence is boosted and reliance on increasingly scarce government funding and resources is reduced because the sector works together effectively
14
And finallyhellip
Contact usE investcommunity21comauT +61 2 4855 8433W wwwcommunity21comau
ldquoBy any measure the Australian not-for-profit sector is huge and has a profound impact on all facets of Australiarsquos society economy and democracy
The Australian not-for-profit sector responds to our societyrsquos needs delivering and supporting environmental programs childrenrsquos services youth programs training and employment provision social and affordable housing disability services health services emergency services culture and the arts through to aged-care facilities and so much more
The Australian not-for-profit sector touches the lives of all Australians and without an independent sustainable financially secure not for profit sector our nation is diminishedPeter Q
ldquoA prospectus containing the offer of shares in Community 21 Limited ACN 097612416 (C21) is available at wwwcommunity21comauprospectus or by calling 02 42558433 You should consider the prospectus in deciding to acquire shares and whether C21 shares are appropriate for you If you want to acquire C21 shares then you will need to complete the application form attached to the prospectusrdquo
Wersquore looking for not-for-profit investorsWersquod love to hear from you
8
leadership
ldquo2014 has been a tumultuous one for the sector The tight fiscal environment uncertainty over the ACNC and controversial federal budget have worked together to make this year a particularly unsettled one
It is this environment that we can really see the leaders in the field they are the ones out in front thinking about the future planning their own destiny and that of the sector ndash not waiting for one to be handed to themrdquo Peter Q
An ambassador for social bankingPeter Quarmby was delighted to be invited to present at the Institute for Social Bankingrsquos summer school in Lyon He was asked to present on establishing a social bank and explore the guiding principles that set it apartThere was great interest in the Community Sector Banking and Community 21 story and the unique model we adopted to meet the banking needs of the Australian not-for-profit sector
Meeting the great disrupterIn October Peter was invited to speak on the same platform as Muhummed Yunus the founder of the Grameen Bank Peter was thrilled to meet the guru of social finance and felt that they had a great deal in common a willingness to disrupt the dominant thinking for the good of society
Homage to the founding 20 shareholdersOur 13th birthday and the second share offer have led us to consider once again the forward thinking leaders who were the original investors For some of our shareholders getting the $20000 to invest was quite a challenge Their vision has been vindicated and they have received both dividend and substantial capital growth as well as being an integral part of the success of Community Sector Banking is great endorsement of their faith and foresight
ACTIVITIES +
ACHIEVEMENTS
13
Community21 is the thought leader on financial issues for the sector because it successfully harnesses the brains trust of its shareholder base It contributes to government and sector policy development
The leaders of the sector have led a paradigm shift towards smarter and more sustainable ways of workingSector has taken back its financial destiny
Leadership
Innovation
Collaboration
Vision for the Future
Community 21 is engaging with the sector to create responses and services tailored to on the ground experience 11130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088 Community 21 pioneers concepts such as crowdsourcing social finance 1113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088for the good of the sector as a wholeCommunity 21 works to build financial capacity in all dimensions of the sector
11130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088Community 21 has a greatly enhanced and energized shareholder base It runs effective working groups as part of its work as a sector think tank Organisational independence is boosted and reliance on increasingly scarce government funding and resources is reduced because the sector works together effectively
14
And finallyhellip
Contact usE investcommunity21comauT +61 2 4855 8433W wwwcommunity21comau
ldquoBy any measure the Australian not-for-profit sector is huge and has a profound impact on all facets of Australiarsquos society economy and democracy
The Australian not-for-profit sector responds to our societyrsquos needs delivering and supporting environmental programs childrenrsquos services youth programs training and employment provision social and affordable housing disability services health services emergency services culture and the arts through to aged-care facilities and so much more
The Australian not-for-profit sector touches the lives of all Australians and without an independent sustainable financially secure not for profit sector our nation is diminishedPeter Q
ldquoA prospectus containing the offer of shares in Community 21 Limited ACN 097612416 (C21) is available at wwwcommunity21comauprospectus or by calling 02 42558433 You should consider the prospectus in deciding to acquire shares and whether C21 shares are appropriate for you If you want to acquire C21 shares then you will need to complete the application form attached to the prospectusrdquo
Wersquore looking for not-for-profit investorsWersquod love to hear from you
Community21 is the thought leader on financial issues for the sector because it successfully harnesses the brains trust of its shareholder base It contributes to government and sector policy development
The leaders of the sector have led a paradigm shift towards smarter and more sustainable ways of workingSector has taken back its financial destiny
Leadership
Innovation
Collaboration
Vision for the Future
Community 21 is engaging with the sector to create responses and services tailored to on the ground experience 11130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088 Community 21 pioneers concepts such as crowdsourcing social finance 1113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088for the good of the sector as a wholeCommunity 21 works to build financial capacity in all dimensions of the sector
11130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088111308811130881113088Community 21 has a greatly enhanced and energized shareholder base It runs effective working groups as part of its work as a sector think tank Organisational independence is boosted and reliance on increasingly scarce government funding and resources is reduced because the sector works together effectively
14
And finallyhellip
Contact usE investcommunity21comauT +61 2 4855 8433W wwwcommunity21comau
ldquoBy any measure the Australian not-for-profit sector is huge and has a profound impact on all facets of Australiarsquos society economy and democracy
The Australian not-for-profit sector responds to our societyrsquos needs delivering and supporting environmental programs childrenrsquos services youth programs training and employment provision social and affordable housing disability services health services emergency services culture and the arts through to aged-care facilities and so much more
The Australian not-for-profit sector touches the lives of all Australians and without an independent sustainable financially secure not for profit sector our nation is diminishedPeter Q
ldquoA prospectus containing the offer of shares in Community 21 Limited ACN 097612416 (C21) is available at wwwcommunity21comauprospectus or by calling 02 42558433 You should consider the prospectus in deciding to acquire shares and whether C21 shares are appropriate for you If you want to acquire C21 shares then you will need to complete the application form attached to the prospectusrdquo
Wersquore looking for not-for-profit investorsWersquod love to hear from you
And finallyhellip
Contact usE investcommunity21comauT +61 2 4855 8433W wwwcommunity21comau
ldquoBy any measure the Australian not-for-profit sector is huge and has a profound impact on all facets of Australiarsquos society economy and democracy
The Australian not-for-profit sector responds to our societyrsquos needs delivering and supporting environmental programs childrenrsquos services youth programs training and employment provision social and affordable housing disability services health services emergency services culture and the arts through to aged-care facilities and so much more
The Australian not-for-profit sector touches the lives of all Australians and without an independent sustainable financially secure not for profit sector our nation is diminishedPeter Q
ldquoA prospectus containing the offer of shares in Community 21 Limited ACN 097612416 (C21) is available at wwwcommunity21comauprospectus or by calling 02 42558433 You should consider the prospectus in deciding to acquire shares and whether C21 shares are appropriate for you If you want to acquire C21 shares then you will need to complete the application form attached to the prospectusrdquo
Wersquore looking for not-for-profit investorsWersquod love to hear from you
