Annual Information Statement 2017

Legal Name
Worldskills Australia
ABN
43147075714

Section A: Charity Information

Charity size
Large
Fundraising online
Yes
Basic Religious Charity
No

Section B: Activities

Did the charity operate in the 2017 reporting period?
Yes
Main activity
Other education
Description of charity's activities and outcomes
WorldSkills Australia (WSA) is a social enterprise that passionately believes that skills drives your future and Australia's prosperity. We inspire people to become champions and we influence, both directly and indirectly, the perception of apprentices and trainees, school children, their parents, industry and employer groups about the positive aspects of our VET System.Our aim is to contribute to Australia's economic prosperity in a sustainable way through the development and promotion of excellence in skills. We recognise that the vocational education and training (VET) sector is central to Australia's economic growth, productivity and future employment outcomes. We accomplish our mission and aim via competitions which demonstrate the talents of young people who have chosen a skill based career by competing to be the best with their skill. Regional competitions occur around the country every two years, with winners flowing into the National Championship. National Champions may than represent Australia in an International Championship stage, if eligible. Our latest National Championships were held in Melbourne in October 2016, at Melbourne Showgrounds with over 500 competitors (aged 16-24 ) competing within the skill of their choice over 60 skills. Competitors spent 16-20 hours across three days completing projects aligned with National Training Packages and were overseen by 300 Judges and 120 Dedicated Volunteers. 159 Champions were awarded Gold, Silver or Bronze Medals. In addition to the competitions, Try'aSkill activities were offered over 19 skills to provide visitors hand-on experience of a skill as well as a Skills Village providing visitors with opportunity to speak with leading industry organisation and careers advisors about opportunities for VET.Twenty One Thousand Visitors included locals, intrastate, interstate and international people, including a delegation from India, contributing an estimated $20 million worth of economic benefit for the state of Victoria.Following the 2016 National Championships a Skills Squad of 24 Competitors were selected to undergo intensive training, with the end goal of selection as a Skillaroo and the opportunity to compete at the International Competition in Abu Dhabi in October 2017.In addition to the Skills Squad undertaking their training and preparation for representing Australia on an International stage, the next round of Regional Competitions were undertaken. Prior to the end of June 2017, thirty six regional competitions were run with 13 in New South Wales, 1 in Northern Territory, 10 in Queensland, 8 in Victoria and 4 in Western Australia. It is estimated an 630 are scheduled to occur prior to 31 October 2017.
Main beneficiary
Youth - aged 15 to under 25
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
  • Other Countries
    • ARE
Will the charity change or introduce any activities in the 2018 period?
No

Section C: Human Resources

Human resources
  • Full time employees: 11
  • Part time employees: 2
  • Casual employees: 0
  • Full-time equivalent staff (FTE): 12
  • Estimated number of volunteers: 400

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?
No

Comprehensive Income Statement summary

Gross Income
Donations and bequests
$110,279.00
Revenue from providing goods or services
$0.00
Revenue from government including grants
$2,212,676.00
Revenue from investments
$27,118.00
All other revenue
$1,008,770.00
Total revenue
$3,358,843.00
Other income (for example, gains)
$0.00
Total gross income
$3,358,843.00
Expenses
Employee expenses
$1,271,142.00
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
$3,557,690.00
Total expenses
$4,828,832.00
Net surplus/(deficit)
$-1,469,989.00
Other comprehensive income
$0.00
Total comprehensive income
$-1,469,989.00

Balance Sheet extract

Assets
Total current assets
$1,955,478.00
Non-current loans receivable
$0.00
Other non-current assets
$38,508.00
Total non-current assets
$38,508.00
Total assets
$1,993,986.00
Liabilities
Total current liabilities
$907,171.00
Non-current loans payable
$0.00
Other non-current liabilities
$9,920.00
Total non-current liabilities
$9,920.00
Total liabilities
$917,091.00
Net assets/liabilities
$1,076,895.00
Financial report submitted to a state/territory regulator?
No

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
Select the state/territory where the charity intends to fundraise in the 2018 reporting period
  • NSW fundraising number: 17011
  • QLD fundraising number: CP4865
  • SA fundraising number: exempt