Annual Information Statement 2017

Legal Name
123Read2Me Limited
ABN
49609881861

Section A: Charity Information

Charity size
Small
Basic Religious Charity
No

Section B: Activities

Did the charity operate in the 2017 reporting period?
Yes
Main activity
Other education
Description of charity's activities and outcomes
There are over 730,000 children under the age of 15 living in poverty in Australia and over 1 million families are reported to be suffering from mortgage stress. Victoria reports over 330,000 children on Health Care Cards.When you are struggling to put food on the table, children's books are a luxury.123read2me provides free children's books (new and recycled) to at-risk children in a non threatening, no expectations, open manner to ensure that even the 'service-avoiders" can participate.We provide boxes of FREE children's books at venues they frequent, including local Fish & Chip shops, Centrelink offices, Maternal & Child Health Centres, Speech Pathologists, Hospital Waiting Rooms, Foster Care support agencies, Child Care Centres, Kindergartens, Primary Schools, Lions Licola Wilderness Camps, etc. We also work closely with educators, health workers and carers to have FREE age appropriate and relevant books available at Maternal & Child Health Centres, Day Care Centres, Kindergartens and Primary school to take home so as to encourage and reward reading.We also work closely with, and to support the work of, Anglicare, Ardoch Youth Foundation, Peninsula Health, Back Packs 4 Vic Kids, Lions Licola Wilderness Village, SECASA, EMERGE, and other organisations working with at risk children.The evidence is clear: Having more books in more homes of at-risk children means more children will be read to. Reading Aloud to children is the foundation of literacy and their future success in school and life.Nobel Prize winning International research, confirmed by Melbourne University, has proven the direct causal link: Those children who have been consistently read aloud to (only 10-15 minutes a day) between birth and 5 years of age have more success at school and in life. The entire community benefits: With basic literacy foundations in place before school, children will perform better at school easing the strain on teachers and reducing the need for remedial literacy resources. Higher literacy rates by the end of Primary School reduces the incidence of anti social behaviour, alcohol and substance abuse, child abuse, marriage and relationship breakdowns, unemployment, social disadvantage, and the cycle of poverty.
Main beneficiary
Early childhood - aged under 6
Other beneficiaries
  • General community within Australia
  • Children - aged 6 to under 15
Where the charity conducted activities during the 2017 reporting period
Victoria
Will the charity change or introduce any activities in the 2018 period?
No

Section C: Human Resources

Human resources
  • Full time employees: 0
  • Part time employees: 0
  • Casual employees: 0
  • Full-time equivalent staff (FTE): 0
  • Estimated number of volunteers: 50

Section D: Finance

Charity's 2017 reporting period
1 July 2016 to 30 June 2017
Accounting method used in the 2017 reporting period
Cash

Income Statement summary

Revenue/receipts
Donations and bequests
$21,189.00
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
$21,189.00
Other income (for example, gains)
$0.00
Total income/receipts
$21,189.00
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
$6,634.00
Total expenses/payments
$6,634.00
Net surplus/(deficit)
$14,555.00

Balance Sheet Extract

Total assets
$54,699.00
Total liabilities
$0.00
Net assets/liabilites
$54,699.00

Section E: Annual report

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

Section F: Reporting to state or territory regulators

Is the charity an incorporated association?
No
Does the charity intend to fundraise in the next reporting period?
Yes