Annual Information Statement 2020

Legal Name: 
Lotus Educational Fund Ltd
ABN: 
76130576199

About the charity

Website: 
http://www.lotuseducationalfund.com
Charity size: 
Small
Is the charity an incorporated association?
Yes
Does the charity intend to fundraise in the next reporting period?
Yes
Is the charity a Basic Religious Charity?
No

Charity programs

Program name: 
school sponsorship
Program classification: 
Education
Program overseas locations: 
Lao People's Democratic Republic
Program beneficiaries: 
  • Children - aged 6 to under 15
  • Youth - 15 to under 25
  • People from a culturally and linguistically diverse background
  • People in rural/regional/remote communities
  • Financially disadvantaged people
  • Overseas communities or charities
Program name: 
Higher education sponsorship
Program classification: 
Adult education
Program overseas locations: 
Lao People's Democratic Republic
Program beneficiaries: 
  • Youth - 15 to under 25
  • People from a culturally and linguistically diverse background
  • People in rural/regional/remote communities
  • Financially disadvantaged people
  • Females
  • Overseas communities or charities
International activities undertaken: 
Operating overseas including delivering programs
Description of the charities international activities: 
Lotus provides support for the whole girl through mentoring, financial sponsorship, and workshops on health and life skills. When possible, Lotus supports the education of local volunteer teachers through provision of a yearly workshop.
Description of the charities activities and outcomes: 
Covid had an impact on our work in this period. However, the charity supported girls into schools within the rural area of Savannakhet. Lotus also supported girls into University and college at Savannakhet.

Human Resources

Employees and volunteers: 
  • Full time employees: 0
  • Part time employees: 0
  • Casual employees: 0
  • Full-time equivalent staff (FTE): 0
  • Estimated number of volunteers: 10

Financial Reporting

Charity's 2020 reporting period: 
1 July 2019 to 30 June 2020
Accounting method used in the 2020 reporting period: 
Cash

Income and Expenses

Income Statement summary

Revenue/receipts
Donations and bequests: 
$9,111.00
Revenue from providing goods or services: 
$0.00
Revenue from government including grants: 
$0.00
Revenue from investments: 
$0.00
Other revenue/receipts: 
$0.00
Total revenue/receipts: 
$9,111.00
Other income (for example, gains): 
$0.00
Total income/receipts: 
$9,111.00
Expenses/Payments
Employee expenses/payments: 
$0.00
Grants and donations made for use in Australia: 
$0.00
Grants and donations made for use outside Australia: 
$0.00
Other expenses/payments: 
$43,183.00
Total expenses/payments: 
$43,183.00
Net surplus/(deficit): 
$-34,072.00

Balance Sheet Extract

Total assets: 
$281,000.00
Total liabilities: 
$0.00
Net assets/liabilites: 
$281,000.00