On the back of a fantastic McHappy Day® for 2019, RMHC Australia commenced 2020 with a net surplus of $4.9M. Whilst we would typically disperse these surplus funds as soon as possible, the onset of the COVID-19 pandemic necessitated a shift in our focus. Enabling the safe delivery of Programs and support to the families became the utmost priority.
The past year has seen RMHC Australia concentrate its energies on implementing cost containment measures while ensuring we had the people, processes and procedures in place to deliver on our Mission. We temporarily postponed staff recruitment, discontinued all media spend and delayed selected projects. Despite the many challenges faced, our performance was still excellent. The huge success of the 2020 McHappy Day, coupled with the continued generosity of our long-term supporters, saw us close 2020 with a net surplus of $8.2M — an outstanding effort given the trials and tribulations of the year.
Our goal for 2021 is to put these funds to work for the benefit of our families. We will rapidly commence a number of support initiatives including our $5.2M Emerge Stronger package, the roll-out of a new grant funding model that will distribute $6.8M per annum to our RMHC Chapters, and the continuance of capital project support over the next five years.
Our success is rightly measured by the level of outstanding care we provide our families. Through our first Social Return on Investment Report, we can measure how our Programs positively impact our families, communities and the health and education system. The Report has shown that for every $1 invested, we create and return $3.60 of social and economic value: an exceptional result for all and something we will continue to grow and diversify in the future.