Annual Information Statement 2018

Legal Name
The Scots College Foundation
ABN
49571893720

About the charity

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

Activities and Beneficiaries

Did the charity operate in the 2018 reporting period?
Yes
Main activity
Primary and secondary education
Main activities
Other education
Description of charity's activities and outcomes
The Scots College Foundation exists to ensure future generations of Scots boys will enjoy an integrated, multi-campus web of active learning opportunities recognised globally as a leading, caring school for boys. The Foundation is the organisation through which financial support for the school is directed and funds distributed. The Foundation provides:
- Support for ongoing capital works projects and acquisitions in line with The Scots College Master Plan.
- Support in the form of scholarships and bursaries for boys whose presence will add to the richness and diversity of the student body and for those whose family financial circumstances would otherwise prevent them from attending the College.
Where the charity conducted activities during the 2018 reporting period
New South Wales
Will the charity change or introduce any activities in the 2019 period?
No
Main beneficiary
Children - aged 6 to under 15
Other beneficiaries
  • Males
  • Early childhood - aged under 6
  • Youth - aged 15 to under 25
  • Aboriginal and Torres Strait Islander people
  • Families

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: 0
  • Part time employees: 0
  • Casual employees: 0
  • Full-time equivalent staff (FTE): 1
  • Estimated number of volunteers: 8

Financial Reporting

Charity's 2018 reporting period
1 January 2018 to 31 December 2018
Type of financial statement
Special purpose financial statements
Financial report consolidated with more than one entity?
No
Did your charity have any related party transactions?
Yes
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
$5,033,218.00
Revenue from providing goods or services
$0.00
Revenue from government including grants
$0.00
Revenue from investments
$108,922.00
All other revenue
$0.00
Total revenue
$5,142,140.00
Other income (for example, gains)
$0.00
Total gross income
$5,142,140.00
Expenses
Employee expenses
$0.00
Interest expenses
$0.00
Grants and donations made for use in Australia
$642,630.00
Grants and donations made for use outside Australia
$0.00
All other expenses
$2,842.00
Total expenses
$645,472.00
Net surplus/(deficit)
$4,496,668.00
Other comprehensive income
$0.00
Total comprehensive income
$4,496,668.00

Balance Sheet extract

Assets
Total current assets
$8,654,766.00
Non-current loans receivable
$0.00
Other non-current assets
$0.00
Total non-current assets
$0.00
Total assets
$8,654,766.00
Liabilities
Total current liabilities
$0.00
Non-current loans payable
$0.00
Other non-current liabilities
$0.00
Total non-current liabilities
$0.00
Total liabilities
$0.00
Net assets/liabilities
$8,654,766.00