Annual Information Statement 2018

Legal Name
The Studio Limited
ABN
51609499550

About the charity

Charity size
Large
Fundraising online
No
Is the charity an incorporated association?
No
Does the charity intend to fundraise in the next reporting period?
No
Basic Religious Charity
No

Activities and Beneficiaries

Did the charity operate in the 2018 reporting period?
Yes
Main activity
Culture and arts
Main activities
  • Other recreation
  • Other education
  • Economic, social and community development
  • Other
    • Incubation of technology startups
Description of charity's activities and outcomes
In the years 2017 /18 The Studio saw significant growth and the achievement of a number of ambitious goals. The most significant was the opening of The Studio Incubator space and the commencement of The Studio's operations in the prestigious Sydney Startup Hub.

The Studio Incubator comprises 1,107 sq m, with capacity for 140 desks, hi-speed ethernet at each desk, wi-fi throughout with fibre optic cable linking key spaces. Meeting rooms, a large lounge area and kitchen/dining spaces, also function as multiple event spaces. Broadcast standard studios with high quality equipment, include a green screen studio, a sound studio and a VR Lab. Inclusion of studios creates a unique environment and provides important tools for development, marketing or content creation. In a practical way, The Studio provides work spaces and media facilities but most importantly a community from which we can meaningfully support
the talents and aspirations of startups and scaleups and the expertise needed to make them succeed.

The Studio has held more than 100 events internal and external, with international and local speakers and experts. Additionally was a host for TEdX Sydney and held five mediatech events for Spark Festival, including a Women in STEAM and Women's networking event and establishing a "Great Debate", with a Mediatech VS Fintech. We've also established The Studio Women's
Network, holding regular monthly coffee networking events and in 2019 this will expand to include evening events.

The Studio welcomed its first Expert-in-Residence David McKeague, an entrepreneur with several mediatech exits under his belt. David is available every week for one-on-one consultations with Studio residents.
The Studio is a founding member of The Sydney Culture Network, a not-for-profit organisation connecting Sydney's large and small cultural institutions, with a remit to implement collective strategies to connect Sydney's cultural offer, grow audience participation, and encourage greater engagement across the cultural life of the city.
Where the charity conducted activities during the 2018 reporting period
New South Wales
Will the charity change or introduce any activities in the 2019 period?
No
Main beneficiary
Adults - aged 25 to under 65

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: 4
  • Part time employees: 0
  • Casual employees: 1
  • Full-time equivalent staff (FTE): 4
  • Estimated number of volunteers: 10

Financial Reporting

Charity's 2018 reporting period
1 July 2017 to 30 June 2018
Type of financial statement
Special 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
$0.00
Revenue from providing goods or services
$159,254.00
Revenue from government including grants
$1,313,660.00
Revenue from investments
$0.00
All other revenue
$235,744.00
Total revenue
$1,708,658.00
Other income (for example, gains)
$0.00
Total gross income
$1,708,658.00
Expenses
Employee expenses
$268,743.00
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
$851,131.00
Total expenses
$1,119,874.00
Net surplus/(deficit)
$588,784.00
Other comprehensive income
$0.00
Total comprehensive income
$588,784.00

Balance Sheet extract

Assets
Total current assets
$127,936.00
Non-current loans receivable
$0.00
Other non-current assets
$958,288.00
Total non-current assets
$958,288.00
Total assets
$1,086,224.00
Liabilities
Total current liabilities
$508,215.00
Non-current loans payable
$0.00
Other non-current liabilities
$0.00
Total non-current liabilities
$0.00
Total liabilities
$508,215.00
Net assets/liabilities
$578,009.00