Annual Information Statement 2018

Legal Name
Workventures Ltd.
ABN
74002721217

About the charity

Other names charity is known by (such as trading name)
WorkVentures, CareerVentures, KickStart Academy, Melbourne ITEC Repair Centre, Sydney ITEC Repair Centre
Charity size
Large
Fundraising online
No
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 2018 reporting period?
Yes
Main activity
Employment and training
Main activities
  • Other education
  • Emergency and relief
  • Economic, social and community development
  • Grant-making activities
Description of charity's activities and outcomes
WorkVentures is Australia’s leading IT social enterprise. We empower individuals and create inclusive, vibrant communities by bridging the digital divide and engaging young people with meaningful skills and jobs.

We play a vital role in creating equity and social inclusion for all individuals and their communities.

We achieve this by working with corporate, government and community partners to:

• Increase life and work skills and employment opportunities for young people
• Provide low-cost technology and support to individuals, communities and non-profits that otherwise couldn’t afford them
• Reduced society’s environmental footprint by responsibly recycling e-waste and reducing landfill.
Where the charity conducted activities during the 2018 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 2019 period?
No
Main beneficiary
Youth - 15 to under 25
Other beneficiaries
  • General community within Australia
  • Aboriginal and Torres Strait Islander people
  • Other charities
  • Families
  • Unemployed persons
  • Other
    • Socially and digitally excluded

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: 98
  • Part time employees: 3
  • Casual employees: 3
  • Full-time equivalent staff (FTE): 101
  • Estimated number of volunteers: 0

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
Financial report submitted to a state/territory regulator?
No

Income and Expenses

Comprehensive Income Statement summary

Gross Income
Donations and bequests
$52,500.00
Revenue from providing goods or services
$9,606,104.00
Revenue from government including grants
$138,424.00
Revenue from investments
$68,163.00
All other revenue
$0.00
Total revenue
$9,865,191.00
Other income (for example, gains)
$2,604,701.00
Total gross income
$12,469,892.00
Expenses
Employee expenses
$6,758,280.00
Interest expenses
$0.00
Grants and donations made for use in Australia
$52,500.00
Grants and donations made for use outside Australia
$0.00
All other expenses
$5,651,997.00
Total expenses
$12,462,777.00
Net surplus/(deficit)
$7,115.00
Other comprehensive income
$0.00
Total comprehensive income
$7,115.00

Balance Sheet extract

Assets
Total current assets
$5,644,216.00
Non-current loans receivable
$0.00
Other non-current assets
$184,726.00
Total non-current assets
$184,726.00
Total assets
$5,828,942.00
Liabilities
Total current liabilities
$2,340,349.00
Non-current loans payable
$0.00
Other non-current liabilities
$1,543,175.00
Total non-current liabilities
$1,543,175.00
Total liabilities
$3,883,524.00
Net assets/liabilities
$1,945,418.00