Annual Information Statement 2020

Legal Name
Workspace Australia Limited
ABN
40360571780

About the charity

Charity size
Medium
Is the charity an incorporated association?
No
Does the charity intend to fundraise in the next reporting period?
No
Is the charity a Basic Religious Charity?
No

Charity programs

Program name
Business Incubator Program
Program classification
Vocational post-secondary education
Program locations
  • Bendigo VIC, Australia
  • Castlemaine VIC, Australia
  • Eaglehawk VIC, Australia
  • Gisborne VIC, Australia
  • Donald VIC, Australia
  • Dunolly VIC, Australia
Program beneficiaries
  • Adults - aged 25 to under 65
  • Financially disadvantaged people
  • Unemployed persons

Description of the charities activities and outcomes
We assist individuals who were unemployed and those struggling to maintain employment by providing training, education and mentoring

Human Resources

Employees and volunteers
  • Full time employees: 2
  • Part time employees: 1
  • Casual employees: 0
  • Full-time equivalent staff (FTE): 2.80
  • Estimated number of volunteers: 9

Financial Reporting

Charity's 2020 reporting period
1 July 2019 to 30 June 2020
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
$0.00
Revenue from providing goods or services
$790,379.00
Revenue from government including grants
$52,714.00
Revenue from investments
$4,266.00
All other revenue
$0.00
Total revenue
$847,359.00
Other income (for example, gains)
$0.00
Total gross income
$847,359.00
Expenses
Employee expenses
$210,350.00
Grants and donations made for use in Australia
$2,500.00
Grants and donations made for use outside Australia
$0.00
All other expenses
$550,706.00
Total expenses
$763,556.00
Net surplus/(deficit)
$83,803.00
Other comprehensive income
$0.00
Total comprehensive income
$83,803.00

Balance Sheet extract

Assets
Total current assets
$351,560.00
Total non-current assets
$1,113,111.00
Total assets
$1,464,671.00
Liabilities
Total current liabilities
$184,459.00
Total non-current liabilities
$174,915.00
Total liabilities
$359,374.00
Net assets/liabilities
$1,105,297.00