Annual Information Statement 2019

Legal Name: 
Financial Counselling Australia Ltd
ABN: 
67073167361

About the charity

Website: 
https://www.financialcounsellingaustralia.org.au/
Charity size: 
Large
Is the charity an incorporated association?
No
Does the charity intend to fundraise in the next reporting period?
No
Basic Religious Charity: 
No

Activities and Beneficiaries

Did the charity operate in the 2019 reporting period?
Yes
Main activity: 
Social services
Description of charity's activities and outcomes: 
FCA is the national voice for the financial counselling profession in Australia. It is a not-for-profit organisation that:

- Provides resources and support for financial counsellors;
- Advocates for a fairer marketplace;
- Works to raise the profile of financial counsellors;
- Advocates to increase access to financial counselling; and
- Works to improve hardship processes for people in financial difficulty
Where the charity conducted activities during the 2019 reporting period: 
  • Australian Capital Territory
  • New South Wales
  • Northern Territory
  • Queensland
  • South Australia
  • Tasmania
  • Victoria
  • Western Australia
Will the charity change or introduce any activities in the 2020 period?
No
Main beneficiary: 
General community in Australia

Annual report

Note: If you want to see the financial report or annual report that this charity has submitted, go back to Financials & Documents.

Human Resources

Human resources: 
  • Full time employees: 5
  • Part time employees: 3
  • Casual employees: 3
  • Full-time equivalent staff (FTE): 7.60
  • Estimated number of volunteers: 2

Financial Reporting

Charity's 2019 reporting period: 
1 July 2018 to 30 June 2019
Type of financial statement: 
General purpose financial statements
Financial report consolidated with more than one entity?
No
Did your charity have any related party transactions?
No
Does your charity have documented policies or processes about related party transactions?
Yes
Financial report submitted to a state/territory regulator?
No

Income and Expenses

Comprehensive Income Statement summary

Gross Income
Donations and bequests: 
$6,000.00
Revenue from providing goods or services: 
$0.00
Revenue from government including grants: 
$676,583.00
Revenue from investments: 
$14,196.00
All other revenue: 
$1,011,209.00
Total revenue: 
$1,707,988.00
Other income (for example, gains): 
$0.00
Total gross income: 
$1,707,988.00
Expenses
Employee expenses: 
$810,613.00
Interest expenses: 
$0.00
Grants and donations made for use in Australia: 
$0.00
Grants and donations made for use outside Australia: 
$0.00
All other expenses: 
$932,394.00
Total expenses: 
$1,743,007.00
Net surplus/(deficit): 
$-35,019.00
Other comprehensive income: 
$0.00
Total comprehensive income: 
$-35,019.00

Balance Sheet extract

Assets
Total current assets: 
$1,397,943.00
Non-current loans receivable: 
$0.00
Other non-current assets: 
$31,652.00
Total non-current assets: 
$31,652.00
Total assets: 
$1,429,595.00
Liabilities
Total current liabilities: 
$384,056.00
Non-current loans payable: 
$0.00
Other non-current liabilities: 
$0.00
Total non-current liabilities: 
$0.00
Total liabilities: 
$384,056.00
Net assets/liabilities: 
$1,045,539.00