Annual Information Statement 2018

Legal Name: 
The Funding Network Australia Limited
ABN: 
75166134774

About the charity

Charity size: 
Large
Fundraising online: 
Yes
Is the charity an incorporated association?
No
Does the charity intend to fundraise in the next reporting period?
Yes
Select the state/territory where the charity intends to fundraise in the 2018 reporting period: 
  • ACT fundraising number: 19001037
  • NSW fundraising number: 23124
  • QLD fundraising number: CH2941
  • VIC fundraising number: 14165
  • WA fundraising number: CC21676
Basic Religious Charity: 
No

Activities and Beneficiaries

Did the charity operate in the 2018 reporting period?
Yes
Main activity: 
Other philanthropic intermediaries and voluntarism promotion
Description of charity's activities and outcomes: 
The Funding Network (TFN) connects grassroots causes in need of support with people who care. Through our live crowdfunding model, TFN has shaken up giving leveraging the collective power of people, making philanthropy more accessible to people of all ages and means and harnessing deeper community connections to local causes. In just 5 years, through 65 community-based events, TFN has facilitated over $10 million in financial and in-kind support, opening up new networks and opportunities to over 220 grassroots non-profits and social enterprises.
Where the charity conducted activities during the 2018 reporting period: 
  • Australian Capital Territory
  • New South Wales
  • Queensland
  • Victoria
Will the charity change or introduce any activities in the 2019 period?
No
Main beneficiary: 
General community in Australia
Other beneficiaries: 
  • Families
  • Financially disadvantaged people
  • People at risk of homelessness/ people experiencing homelessness
  • People with disabilities
  • Unemployed persons
  • Veterans and/or their families
  • Victims of crime (including family violence)

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: 6
  • Part time employees: 2
  • Casual employees: 0
  • Full-time equivalent staff (FTE): 7.40
  • Estimated number of volunteers: 46

Financial Reporting

Charity's 2018 reporting period: 
1 July 2017 to 30 June 2018
Type of financial statement: 
General purpose financial statements - reduced disclosure regime
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: 
$1,901,325.00
Revenue from providing goods or services: 
$164,066.00
Revenue from government including grants: 
$0.00
Revenue from investments: 
$11,975.00
All other revenue: 
$0.00
Total revenue: 
$2,077,366.00
Other income (for example, gains): 
$0.00
Total gross income: 
$2,077,366.00
Expenses
Employee expenses: 
$805,753.00
Interest expenses: 
$0.00
Grants and donations made for use in Australia: 
$1,010,906.00
Grants and donations made for use outside Australia: 
$0.00
All other expenses: 
$193,369.00
Total expenses: 
$2,010,028.00
Net surplus/(deficit): 
$67,338.00
Other comprehensive income: 
$0.00
Total comprehensive income: 
$67,338.00

Balance Sheet extract

Assets
Total current assets: 
$1,135,230.00
Non-current loans receivable: 
$0.00
Other non-current assets: 
$5,915.00
Total non-current assets: 
$5,915.00
Total assets: 
$1,141,145.00
Liabilities
Total current liabilities: 
$331,533.00
Non-current loans payable: 
$0.00
Other non-current liabilities: 
$0.00
Total non-current liabilities: 
$0.00
Total liabilities: 
$331,533.00
Net assets/liabilities: 
$809,612.00