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AIS Report - 2017
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
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