Annual Information Statement 2017

Legal Name
The Studio Limited
ABN
51609499550

Section A: Charity Information

Charity size
Small
Fundraising online
No
Basic Religious Charity
No

Section B: Activities

Did the charity operate in the 2017 reporting period?
Yes
Main activity
Culture and arts
Main activities
  • Research
  • Other
    • Innovation, technology startup support, media and entertainment
Description of charity's activities and outcomes
In 2016/17, The Studio Ltd ran educational events and programs, and has successfully worked towards launching a new incubator and co-working space, opening 1st March 2018.In 2017, The Studio Ltd was the recipient of two significant multi-year Australian government grants:- Australian Federal Government, Incubator Support Program; and Sydney Startup Hub, Co-location Support Program.Both of these grants assist The Studio Limited with the delivery of its activities and programs.The Studio is established to be a charity with the principal purpose of promoting culture by:(a) promoting film, video, television, music and design and the advancement of the media, entertainment and creative industries, including by means of:(i) fostering and building the community of entrepreneurship in Australia;(ii) promoting a culture of innovation and entrepreneurship in Australia in film, video, television, music and design by assisting innovators to commercialise their ideas;(iii) establishing co-working spaces for media-and-entertainment-tech and creative-techstart-ups;(iv) conducting and publishing research into the processes used in the field of technology entrepreneurship;(v) working to ensure that the interests of the media, entertainment and creative industries, are represented in relation to the public decision-making process;(vi) providing a forum for all people engaged in the media, entertainment and creative industries (in particular where they are underpinned by technology) to discuss bestpractice and enhancing the future of technology entrepreneurship; and(b) promoting education in the technology, media, entertainment and creative industries, andtheir role in promoting film, video, television, music and design, by means of:(i) formal and informal domain specific education and training programs including seminars and conferences, and professional communities for best practice and peer-to-peer support;(ii) partnerships with schools, universities, vocational training and other educational providers to develop education and training programs including internships andmentorship programs;(iii) partnerships with industry, business and government to develop vocationalpathways; and(iv) applying publicly available research and producing and disseminating original research to foster innovation, entrepreneurship, start-up and new business activity inthe technology, media, entertainment and creative industries.
Main beneficiary
General community in Australia
Other beneficiaries
  • Females
  • Males
  • Adults - aged 25 to under 65
Where the charity conducted activities during the 2017 reporting period
New South Wales
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: 1
  • Full-time equivalent staff (FTE): 0
  • Estimated number of volunteers: 10

Section D: Finance

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

Income Statement summary

Revenue/receipts
Donations and bequests
$1,200.00
Revenue from providing goods or services
$0.00
Revenue from government including grants
$12,990.00
Revenue from investments
$0.00
Other revenue/receipts
$0.00
Total revenue/receipts
$14,190.00
Other income (for example, gains)
$300.00
Total income/receipts
$14,490.00
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
$25,265.00
Total expenses/payments
$25,265.00
Net surplus/(deficit)
$-10,775.00

Balance Sheet Extract

Total assets
$251,254.00
Total liabilities
$262,029.00
Net assets/liabilites
$-10,775.00

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?
No