Annual Information Statement 2017

Legal Name: 
BRAIN FOUNDATION
ABN: 
47008479936

Section A: Charity Information

Other names charity is known by (such as trading name): 
Migraine & Headache Australia
Charity size: 
Large
Basic Religious Charity: 
No

Section B: Activities

Did the charity operate in the 2017 reporting period?
Yes
Main activity: 
Grant-making activities
Main activities: 
Research
Description of charity's activities and outcomes: 
Provided updated information to the community about brain and spine disorders and injuries and funded a large number of leading research projects.
Main beneficiary: 
General community in Australia
Where the charity conducted activities during the 2017 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 2018 period?
No

Section C: Human Resources

Human resources: 
  • Full time employees: 1
  • Part time employees: 5
  • Casual employees: 0
  • Full-time equivalent staff (FTE): 2
  • Estimated number of volunteers: 0

Section D: Finance

Charity's 2017 reporting period: 
1 July 2016 to 30 June 2017
Type of financial statement: 
General purpose financial statements
Financial report consolidated with more than one entity?
Yes

Comprehensive Income Statement summary

Gross Income
Donations and bequests: 
$600,574.00
Revenue from providing goods or services: 
$58,204.00
Revenue from government including grants: 
$0.00
Revenue from investments: 
$280,940.00
All other revenue: 
$80,200.00
Total revenue: 
$1,019,918.00
Other income (for example, gains): 
$0.00
Total gross income: 
$1,019,918.00
Expenses
Employee expenses: 
$306,920.00
Interest expenses: 
$68,538.00
Grants and donations made for use in Australia: 
$550,000.00
Grants and donations made for use outside Australia: 
$0.00
All other expenses: 
$481,393.00
Total expenses: 
$1,406,851.00
Net surplus/(deficit): 
$-386,933.00
Other comprehensive income: 
$0.00
Total comprehensive income: 
$-386,933.00

Balance Sheet extract

Assets
Total current assets: 
$986,135.00
Non-current loans receivable: 
$0.00
Other non-current assets: 
$3,452,493.00
Total non-current assets: 
$3,452,493.00
Total assets: 
$4,438,628.00
Liabilities
Total current liabilities: 
$1,127,308.00
Non-current loans payable: 
$952,112.00
Other non-current liabilities: 
$37,047.00
Total non-current liabilities: 
$989,159.00
Total liabilities: 
$2,116,467.00
Net assets/liabilities: 
$2,322,161.00
Financial report submitted to a state/territory regulator?
Yes
State or territory of the regulator where financial report was submitted: 
  • New South Wales
  • Queensland
  • Western Australia

Section E: Annual report

Note: If you want to see the financial report or annual report that this charity has submitted, go back to Financials & Documents.

Section F: Reporting to state or territory regulators

Is the charity an incorporated association?
No
Does the charity intend to fundraise in the next reporting period?
Yes