Annual Information Statement 2018

Legal Name
Financial Basics Foundation
ABN
90114612270

About the charity

Charity size
Medium
Fundraising online
No
Is the charity an incorporated association?
No
Does the charity intend to fundraise in the next reporting period?
No
Basic Religious Charity
No

Activities and Beneficiaries

Did the charity operate in the 2018 reporting period?
Yes
Main activity
Other education
Main activities
Primary and secondary education
Description of charity's activities and outcomes
The Foundation develops financial literacy educational resources and provides these free of charge to Australian secondary school teachers for use in their classrooms. The Foundation facilitates professional development session for educators and provides opportunities for engagement between our sponsors and the communities in which they operate.
Where the charity conducted activities during the 2018 reporting period
  • Australian Capital Territory
  • New South Wales
  • Northern Territory
  • Queensland
  • South Australia
  • Tasmania
  • Victoria
  • Western Australia
Will the charity change or introduce any activities in the 2019 period?
No
Main beneficiary
Youth - 15 to under 25
Other beneficiaries
Other charities

Annual report

Note: If you want to see the financial report or annual report that this charity has submitted, go back to Financials & Documents.

Human Resources

Human resources
  • Full time employees: 2
  • Part time employees: 0
  • Casual employees: 3
  • Full-time equivalent staff (FTE): 3
  • Estimated number of volunteers: 5

Financial Reporting

Charity's 2018 reporting period
1 July 2017 to 30 June 2018
Type of financial statement
Special purpose financial statements
Financial report consolidated with more than one entity?
No
Financial report submitted to a state/territory regulator?
No

Income and Expenses

Comprehensive Income Statement summary

Gross Income
Donations and bequests
$0.00
Revenue from providing goods or services
$32,080.00
Revenue from government including grants
$0.00
Revenue from investments
$0.00
All other revenue
$381,944.00
Total revenue
$414,024.00
Other income (for example, gains)
$2,487.00
Total gross income
$416,511.00
Expenses
Employee expenses
$201,953.00
Grants and donations made for use in Australia
$0.00
Grants and donations made for use outside Australia
$0.00
All other expenses
$228,778.00
Total expenses
$430,731.00
Net surplus/(deficit)
$-14,220.00
Other comprehensive income
$0.00
Total comprehensive income
$-14,220.00

Balance Sheet extract

Assets
Total current assets
$530,068.00
Total non-current assets
$0.00
Total assets
$530,068.00
Liabilities
Total current liabilities
$96,352.00
Total non-current liabilities
$0.00
Total liabilities
$96,352.00
Net assets/liabilities
$433,716.00