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
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