Annual Information Statement 2016

Legal Name: 
Cairns Indigenous Art Fair Limited
ABN: 
64167840100

Section A: Charity Information

Other names charity is known by (such as trading name): 
CIAF
Charity size: 
Large
Basic Religious Charity: 
No

Section B: Activities

Did the charity operate in the 2016 reporting period?
Yes
Main activity: 
Culture and arts
Description of charity's activities and outcomes: 
The vision of Cairns Indigenous Art Fair (CIAF) is to provide platforms for cultural exchange and economic opportunity for Queensland Indigenous artists. In order to achieve this, CIAF strives to:1. Leverage existing markets and develop new markets for Queensland Indigenous art2. Grow audiences through immersive Indigenous arts and cultural experiences3. Build CIAF's national and international profile4. Contribute to development pathways for Queensland Indigenous artists5. Ensure the relevancy and viability of CIAFIn 2016 CIAF held several programs focused on activities of visual and performing arts and Indigenous arts, providing an opportunity for Indigenous artists from around the state to extend their skills, promote their culture, and sell art work in an ethical environment.
Will the charity change or introduce any activities in the 2017 period?
No
Where the charity conducted activities during the 2016 reporting period: 
Queensland
Who was helped most by the charity's activities in the reporting period: 
  • Aboriginal and Torres Strait Islander people
  • People in rural/regional/remote communities

Section C: Human Resources

Human resources: 
  • Full time employees: 4
  • Estimated number of volunteers: 37

Section D: Finance

Type of financial statement: 
General purpose financial statements
Financial report consolidated with more than one entity?
No
Did your charity have any related party transactions?
No
Does your charity have documented policies or processes about related party transactions?
Yes
Charity's 2016 reporting period: 
1 January 2016 to 31 December 2016
Financial report submitted to a state/territory regulator?
No
2016 Financial report: 
Note: If you want to see the financial report or annual report that this charity has submitted, go back to Financials & Documents.

Income and Expenses

Comprehensive Income Statement summary

Gross Income
Donations and bequests: 
$0.00
Revenue from government including grants: 
$1,114,045.00
All other revenue: 
$163,267.00
Total revenue: 
$1,277,312.00
Other income (for example, gains): 
$0.00
Total gross income: 
$1,277,312.00
Expenses
Employee expenses: 
$325,750.00
Interest expenses: 
$0.00
Grants and donations made for use in Australia: 
$0.00
Grants and donations made for use outside Australia: 
$0.00
All other expenses: 
$1,050,581.00
Total expenses: 
$1,376,331.00
Net surplus/(deficit): 
$-99,019.00
Other comprehensive income: 
$0.00
Total comprehensive income: 
$-99,019.00

Balance Sheet extract

Assets
Total current assets: 
$286,752.00
Non-current loans receivable: 
$0.00
Other non-current assets: 
$26,174.00
Total non-current assets: 
$26,174.00
Total assets: 
$312,926.00
Liabilities
Total current liabilities: 
$64,806.00
Non-current loans payable: 
$0.00
Other non-current liabilities: 
$2,446.00
Total non-current liabilities: 
$2,446.00
Total liabilities: 
$67,252.00
Net assets/liabilities: 
$245,674.00