Annual Information Statement 2016

Legal Name
Workventures Ltd.
ABN
74002721217

Section A: Charity Information

Other names charity is known by (such as trading name)
WorkVentures, CareerVentures, KickStart Academy, Melbourne ITEC Repair Centre, Sydney ITEC Repair Centre
Charity size
Large
Basic Religious Charity
No

Section B: Activities

Did the charity operate in the 2016 reporting period?
Yes
Main activity
Employment and training
Main activities
  • Economic, social and community development
  • Grant-making activities
Estimated percentage of charity's grant funding that was
Part of multi-year grants: 100%
Description of charity's activities and outcomes
WorkVentures is Australia's oldest social enterprise charity with the mission of providingtechnology training to those left on the far side of the digital divide. To achieve our goal of socialinclusion through technology, we currently focus on providing vocational IT skills training formarginalised young people at our professional ICT repair centre in Mascot.Understanding how to use and apply technology solutions will be key in the decades to come forhelping Australia's youth compete for jobs in a global marketplace.We achieve this by working with partners who: - Give our trainees jobs in their organisations- Rely on us for mission-critical ICT repairs- Gift us with cash grants and technology donations- Donate their time by mentoring and supporting special projects
Will the charity change or introduce any activities in the 2017 period?
No
Where the charity conducted activities during the 2016 reporting period
  • New South Wales
  • Victoria
Who was helped most by the charity's activities in the reporting period
  • Females
  • Males
  • Youth - aged 15 to under 25
  • Unemployed persons

Section C: Human Resources

Human resources
  • Full time employees: 80
  • Part time employees: 8
  • Casual employees: 2

Section D: Finance

Type of financial statement
General purpose financial statements
Financial report consolidated with more than one entity?
No
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
$38,278.00
Revenue from government including grants
$0.00
All other revenue
$11,058,271.00
Total revenue
$11,096,549.00
Other income (for example, gains)
$89,018.00
Total gross income
$11,185,567.00
Expenses
Employee expenses
$6,890,631.00
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
$4,277,297.00
Total expenses
$11,167,928.00
Net surplus/(deficit)
$17,639.00
Other comprehensive income
$0.00
Total comprehensive income
$17,639.00

Balance Sheet extract

Assets
Total current assets
$7,555,831.00
Non-current loans receivable
$0.00
Other non-current assets
$224,137.00
Total non-current assets
$224,137.00
Total assets
$7,779,968.00
Liabilities
Total current liabilities
$2,532,128.00
Non-current loans payable
$0.00
Other non-current liabilities
$3,027,318.00
Total non-current liabilities
$3,027,318.00
Total liabilities
$5,559,446.00
Net assets/liabilities
$2,220,522.00