Annual Information Statement 2017

Legal Name
Perpetual Energi Ltd
ABN
61150002654

Section A: Charity Information

Charity size
Small
Basic Religious Charity
No

Section B: Activities

Did the charity operate in the 2017 reporting period?
Yes
Main activity
Higher education
Main activities
  • Culture and arts
  • Higher education
  • Environmental activities
Description of charity's activities and outcomes
Our mission is to become one of the leading specialist agency in the global renewable energy space. Our team will seek to be involved in all assets classes that promote renewable energy generation through sustainable processes, either with existing or new green/clean technologies. Our vision is to successfully promote renewable energy into global markets, working with investors and developers to make the process commercially viable for all concerned. We aim to create a more sustainable energy environment for local communities, reduce the carbon footprint and attract investment through industry and commerce. Our view is that a great deal of work has been done politically in many countries to promote renewable energy through incentives, however programmes such as feed in tariffs have been poorly managed in some countries and have created a very difficult and unworkable environment. It could be argued that many countries have not learned from the mistakes of others, but moving forward, we believe that due to an improved political and economic environment, a more realistic environment will be created, thus delivering sustainable long term investment returns. The reduction in technology costs combined with increased efficiencies creates a more stable long term view. Our ongoing growth and commercial success will allows us to support Perpetual Energi's educational scholarships. The Perpetual Energi's Scholarship Fund was created in 2014 to allow us to support undergraduate and graduate women students pursuing degrees in Science, Technology, Engineering and Mathematics (STEM) disciplines. The eligibility for the STEM Scholarship which will provide students with a number of benefits designed to increase their employability and reward their scholarly pursuit. We take particular interest in working with other charities in the renewable energy space such as electricity or water projects. However, we are not limited to only supporting such projects and our key focus is to help eradicate poverty and promote education. In addition to this, we will consider applications for direct funding. Perpetual Energi Objective: The advancement of education, and the relief of global poverty through, but not limited to, the use of renewable technologies It is our belief that many of the worlds problems can be improved through education. We aim to utilise profit from the booming renewable energy industry to provide direct funding to projects that improve the lives and futures of those living in impoverished areas. We look to do this through education, economic and social development programs. We appreciate that in some cases there is a more pressing need for basic necessities such as food and water. We look where possible to provide direct funding into each project. This allows us to monitor exactly where our funds are invested to achieve the maximum impact.
Main beneficiary
General community in Australia
Where the charity conducted activities during the 2017 reporting period
Queensland
Will the charity change or introduce any activities in the 2018 period?
No

Section C: Human Resources

Human resources
  • Full time employees: 0
  • Part time employees: 0
  • Casual employees: 0
  • Full-time equivalent staff (FTE): 1
  • Estimated number of volunteers: 3

Section D: Finance

Charity's 2017 reporting period
1 July 2016 to 30 June 2017
Accounting method used in the 2017 reporting period
Cash

Income Statement summary

Revenue/receipts
Donations and bequests
$72,590.00
Revenue from providing goods or services
$0.00
Revenue from government including grants
$0.00
Revenue from investments
$0.00
Other revenue/receipts
$0.00
Total revenue/receipts
$72,590.00
Other income (for example, gains)
$0.00
Total income/receipts
$72,590.00
Expenses/Payments
Employee expenses/payments
$0.00
Grants and donations made for use in Australia
$0.00
Grants and donations made for use outside Australia
$0.00
Other expenses/payments
$74,221.00
Total expenses/payments
$74,221.00
Net surplus/(deficit)
$-1,631.00

Balance Sheet Extract

Total assets
$80,420.00
Total liabilities
$0.00
Net assets/liabilites
$80,420.00

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