{"id":353,"date":"2022-02-03T03:31:21","date_gmt":"2022-02-03T03:31:21","guid":{"rendered":"https:\/\/hillsong.com\/newsroom\/?p=353"},"modified":"2023-10-12T04:34:20","modified_gmt":"2023-10-12T04:34:20","slug":"clarification-on-media-reports-re-hillsong-australia-2020-annual-report","status":"publish","type":"post","link":"https:\/\/hillsong.com\/newsroom\/de\/blog\/2022\/02\/clarification-on-media-reports-re-hillsong-australia-2020-annual-report\/","title":{"rendered":"Clarification on Media Reports Re: Hillsong Australia 2020 Annual Report"},"content":{"rendered":"

Leider ist der Eintrag nur auf Amerikanisches Englisch<\/a> verf\u00fcgbar.<\/p>

On February 2 and 3 there were a few media reports that mentioned the Hillsong Australia 2020 Annual Report, which is available on our website, and focused on\u00a0a\u00a0section that referred to \u201cforgiveness of related party loans\u201d. To avoid any misinterpretation of the facts, we would like to provide clarification as follows:<\/p>\n

The Hillsong Church 2020 Annual Report included information about the forgiveness of a loan to a related party. This loan simply represented funds transferred between Australian Hillsong charitable entities, not a loan to any external party or individual, for the upkeep of the Hillsong Church facilities in Mt Gravatt, Brisbane.<\/p>\n

Distributing funds to entities within an organizational network is a common accounting practice for charities. It is also standard practice to forgive an internal loan between two entities within a group if it is determined that repayment is unnecessary.<\/p>\n

Hillsong Church abides by the requirements set by the Australian Charities and Not-for-Profits Commission (ACNC) to ensure charitable funds are only used for charitable purposes and are not distributed for any individual\u2019s benefit.\u00a0Hillsong\u2019s financials statements, including related party disclosures, have been audited by the highly-respected independent audit firm, Ernst & Young.<\/p>","protected":false},"excerpt":{"rendered":"

Leider ist der Eintrag nur auf Amerikanisches Englisch verf\u00fcgbar.On February 2 and 3 there were a few media reports that mentioned the Hillsong Australia 2020 Annual Report, which is available on our website, and focused on\u00a0a\u00a0section that referred to \u201cforgiveness of related party loans\u201d. To avoid any misinterpretation of the facts, we would like to […]<\/p>\n","protected":false},"author":49345,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"acf":[],"yoast_head":"\n<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/hillsong.com\/newsroom\/blog\/2022\/02\/clarification-on-media-reports-re-hillsong-australia-2020-annual-report\/\" \/>\n<meta property=\"og:locale\" content=\"de_DE\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"[:en]Clarification on Media Reports Re: Hillsong Australia 2020 Annual Report[:] - Newsroom\" \/>\n<meta property=\"og:description\" content=\"Leider ist der Eintrag nur auf Amerikanisches Englisch verf\u00fcgbar.On February 2 and 3 there were a few media reports that mentioned the Hillsong Australia 2020 Annual Report, which is available on our website, and focused on\u00a0a\u00a0section that referred to \u201cforgiveness of related party loans\u201d. 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