Annual Information Statement 2020

Legal Name: 
Climate-KIC Australia Ltd
ABN: 
95616047744

About the charity

Website: 
www.climate-kic.org.au
Charity size: 
Large
Is the charity an incorporated association?
No
Does the charity intend to fundraise in the next reporting period?
No
Is the charity a Basic Religious Charity?
No

Charity programs

Program name: 
ClimateLaunchpad
Program classification: 
Climate change
Program locations: 
  • Sydney NSW, Australia
  • Melbourne VIC, Australia
  • Perth WA, Australia
  • Brisbane QLD, Australia
  • Adelaide SA, Australia
Program operated online: 
Yes
Program beneficiaries: 
  • Youth - 15 to under 25
  • Adults - aged 25 to under 65
  • Migrants, refugees or asylum seekers
  • People in rural/regional/remote communities
  • Females
  • Males
  • Environment
  • General community in Australia
Program website: 
https://climate-kic.org.au/our-programs/launchpad/
Program name: 
Climathon
Program classification: 
Climate change
Program locations: 
Sydney NSW, Australia
Program beneficiaries: 
  • Youth - 15 to under 25
  • Adults - aged 25 to under 65
  • Females
  • Males
  • Environment
  • General community in Australia
Program website: 
https://climate-kic.org.au/climathon/
Description of the charities activities and outcomes: 
We have successfully delivered innovation activities across sectors, to help Australia reduce emissions and adapt to a changing climate. Our collaborative projects have demonstrated a comprehensive suite of climate solutions and our entrepreneurship programs have supported the early stage development of climate innovation in Australia.

Human Resources

Employees and volunteers: 
  • Full time employees: 6
  • Part time employees: 5
  • Casual employees: 1
  • Full-time equivalent staff (FTE): 8.90
  • Estimated number of volunteers: 5

Financial Reporting

Charity's 2020 reporting period: 
1 July 2019 to 30 June 2020
Type of financial statement: 
General purpose financial statements – reduced disclosure regime
Financial report consolidated with more than one entity?
No
Did your charity have any related party transactions?
No
Does your charity have documented policies or processes about related party transactions?
Yes
Financial report submitted to a state/territory regulator?
No

Income and Expenses

Comprehensive Income Statement summary

Gross Income
Donations and bequests: 
$168,000.00
Revenue from providing goods or services: 
$1,291,041.00
Revenue from government including grants: 
$1,231,088.00
Revenue from investments: 
$587.00
All other revenue: 
$0.00
Total revenue: 
$2,690,716.00
Other income (for example, gains): 
$0.00
Total gross income: 
$2,690,716.00
Expenses
Employee expenses: 
$808,139.00
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: 
$1,884,309.00
Total expenses: 
$2,692,448.00
Net surplus/(deficit): 
$-1,732.00
Other comprehensive income: 
$0.00
Total comprehensive income: 
$-1,732.00

Balance Sheet extract

Assets
Total current assets: 
$793,024.00
Non-current loans receivable: 
$0.00
Other non-current assets: 
$18,021.00
Total non-current assets: 
$18,021.00
Total assets: 
$811,045.00
Liabilities
Total current liabilities: 
$769,879.00
Non-current loans payable: 
$0.00
Other non-current liabilities: 
$0.00
Total non-current liabilities: 
$0.00
Total liabilities: 
$769,879.00
Net assets/liabilities: 
$41,166.00