Annual Information Statement 2020

Legal Name
45 Downstairs Inc.
ABN
23856113326

About the charity

Charity size
Medium
Does the charity fundraise online?
Yes
Is the charity an incorporated association?
Yes
Select the state/territory and enter the incorporated association number
VIC incorporated association number: A0041775C
Does the charity intend to fundraise in the next reporting period?
Yes
Select the state/territory where the charity intends to fundraise in the 2020 reporting period
VIC fundraising number: 0015339
Is the charity a Basic Religious Charity?
No

Charity programs

Program name
2020 Performamce and exhibition season
Program classification
Arts administration
Program locations
45 Flinders Lane, Melbourne VIC, Australia
Program operated online
Yes
Program beneficiaries
  • Youth - 15 to under 25
  • Adults - aged 25 to under 65
  • Adults - aged 65 and over
  • Families
  • Aboriginal and Torres Strait Islander people
  • Gay, lesbian, bisexual, transgender or intersex persons
  • Migrants, refugees or asylum seekers
  • People from a culturally and linguistically diverse background
  • People in rural/regional/remote communities
  • Females
  • Males
  • General community in Australia

Description of the charities activities and outcomes
We provided access to artists and performers to present their works in a CBD setting. During the Covid lockdowns we facilitated online exhibitions and streamed performances to ensure artists were still able to reach their audiences

Human Resources

Employees and volunteers
  • Full time employees: 4
  • Part time employees: 1
  • Casual employees: 10
  • Full-time equivalent staff (FTE): 7
  • Estimated number of volunteers: 15

Financial Reporting

Charity's 2020 reporting period
1 January 2020 to 31 December 2020
Type of financial statement
General purpose financial statements
Financial report consolidated with more than one entity?
Yes
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
$236,460.00
Revenue from providing goods or services
$112,100.00
Revenue from government including grants
$190,095.00
Revenue from investments
$427.00
All other revenue
$72,216.00
Total revenue
$611,298.00
Other income (for example, gains)
$0.00
Total gross income
$611,298.00
Expenses
Employee expenses
$243,574.00
Grants and donations made for use in Australia
$0.00
Grants and donations made for use outside Australia
$0.00
All other expenses
$169,819.00
Total expenses
$413,393.00
Net surplus/(deficit)
$197,905.00
Other comprehensive income
$0.00
Total comprehensive income
$197,905.00

Balance Sheet extract

Assets
Total current assets
$631,661.00
Total non-current assets
$20,644.00
Total assets
$652,305.00
Liabilities
Total current liabilities
$195,053.00
Total non-current liabilities
$4,759.00
Total liabilities
$199,812.00
Net assets/liabilities
$452,493.00