Annual Information Statement 2018

Legal Name
Worldskills Australia
ABN
43147075714

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
  • NSW fundraising number: 17011
  • QLD fundraising number: CP4865
Basic Religious Charity
No

Activities and Beneficiaries

Did the charity operate in the 2018 reporting period?
Yes
Main activity
Other education
Description of charity's activities and outcomes
WorldSkills Australia (WSA) is a social enterprise that passionately believes that skills drives your future and Australia's prosperity. We inspire people to become champions and we influence, both directly and indirectly, the perception of apprentices and trainees, school children, their parents, industry and employer groups about the positive aspects of our Vocational Education and Training (VET) System.

Our aim is to contribute to Australia's economic prosperity in a sustainable way through the development and promotion of excellence in skills. We recognise that the VET sector is central to Australia's economic growth, productivity and future employment outcomes.

We accomplish our mission and aim via competitions which demonstrate the talents of young people who have chosen a skill based careers by competing to be the best in their skill.

Regional competitions occur around the country every two years, the winners are eligible to compete at the National Championships if selected. National Champions may then represent Australia in and International Championship if selected.

https://www.worldskills.org.au
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

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: 9
  • Part time employees: 2
  • Casual employees: 0
  • Full-time equivalent staff (FTE): 10.12
  • Estimated number of volunteers: 3100

Financial Reporting

Charity's 2018 reporting period
1 July 2017 to 30 June 2018
Type of financial statement
General 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
$41,547.00
Revenue from providing goods or services
$1,084,106.00
Revenue from government including grants
$4,234,298.00
Revenue from investments
$16,587.00
All other revenue
$0.00
Total revenue
$5,376,538.00
Other income (for example, gains)
$0.00
Total gross income
$5,376,538.00
Expenses
Employee expenses
$1,339,510.00
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
$4,815,330.00
Total expenses
$6,154,840.00
Net surplus/(deficit)
$-778,302.00
Other comprehensive income
$0.00
Total comprehensive income
$-778,302.00

Balance Sheet extract

Assets
Total current assets
$1,262,699.00
Non-current loans receivable
$0.00
Other non-current assets
$53,341.00
Total non-current assets
$53,341.00
Total assets
$1,316,040.00
Liabilities
Total current liabilities
$1,002,810.00
Non-current loans payable
$0.00
Other non-current liabilities
$14,637.00
Total non-current liabilities
$14,637.00
Total liabilities
$1,017,447.00
Net assets/liabilities
$298,593.00