to be the leading
aged care and
in New Zealand
Presbyterian Support Central (PSC) has been supporting and empowering people and communities for more than 110 years. The principles of caring, enabling and supporting underpin all we do. PSC’s services for tamariki and their whānau are provided by Family Works, while our services for older people are provided by Enliven.
From the chair, Peter Sherwin: 2019-20 was a year of change for PSC. Looking back on the past year I am struck by the impact of Covid-19 on the world. 2020 must be one of the most difficult years we have faced. Yet by working together we have taken it in our stride.
I must take this opportunity to thank our essential workers, our support staff, our understanding families, our residents, our clients and our community. I have heard numerous stories of personal sacrifice undertaken for the collective good in this past year and for this I thank every one of you for your part in keeping our communities safe.
The board and senior management have been working not only on ensuring we are operating effectively and efficiently but also looking for business and community engagement opportunities. I am excited at the work being done to build revenue and awareness from new areas.
You can read the full report and highlights from PSC in 2019-20 by downloading PSC’s annual report.
Printed copies of the annual report is available by emailing us or calling the team 04 439 4900.
PSC’s financial assets of the business increased from $24.7 million in 2019 to $28.4 million in 2020 due to the sale of the George Street Central Office property and partial sale of shares and maturity of fixed interest securities, less the financing of development projects. Net assets are now recorded at $135 million.
The two major operating segments of Enliven and Family Works continue to be constrained by limited improvements in government funding that do not fully compensate for increased operating costs. The operating results – while still in deficit – are showing improvement on the previous year’s deficit, with initiatives in place to continue this trend back to operating surplus.