Annual Information Statement 2018

Legal Name: 
Western Research Institute Limited
ABN: 
76090089991

About the charity

Charity size: 
Medium
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: 
Research
Main activities: 
Economic, social and community development
Description of charity's activities and outcomes: 
In 2018 our not for profit research service assisted in sercuring over $700 million in investment into regional Australian development projects. These projects include an energy from waste plant, a technology innovation hub, community sporting infrastructure, a facility to house regional cultural collections and artworks, and a children's outdoor activity centre.
In 2018 we completed 23 research projects for 18 individual organisations, to provide robust and credible information for them to make good decisions for the economic and social development of regional Australia.
Our first Inland Research Fund project took shape in 2018, identifying a significant need for increased tourism destination data for small regional centres. This project will offer increased levels of data and insights for small tourism operators in regional NSW to better target and attract tourists. This project will be piloted in mid 2019.
Where the charity conducted activities during the 2018 reporting period: 
New South Wales
Will the charity change or introduce any activities in the 2019 period?
No
Main beneficiary: 
People in rural/regional/remote communities
Other beneficiaries: 
General community within Australia

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: 3
  • Part time employees: 2
  • Casual employees: 0
  • Full-time equivalent staff (FTE): 4.40
  • Estimated number of volunteers: 3

Financial Reporting

Charity's 2018 reporting period: 
1 January 2018 to 31 December 2018
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?
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: 
$455,200.00
Revenue from government including grants: 
$0.00
Revenue from investments: 
$2,660.00
All other revenue: 
$3,710.00
Total revenue: 
$461,570.00
Other income (for example, gains): 
$4,966.00
Total gross income: 
$466,536.00
Expenses
Employee expenses: 
$305,366.00
Grants and donations made for use in Australia: 
$0.00
Grants and donations made for use outside Australia: 
$0.00
All other expenses: 
$231,751.00
Total expenses: 
$537,117.00
Net surplus/(deficit): 
$-70,581.00
Other comprehensive income: 
$0.00
Total comprehensive income: 
$-70,581.00

Balance Sheet extract

Assets
Total current assets: 
$265,526.00
Total non-current assets: 
$12,809.00
Total assets: 
$278,335.00
Liabilities
Total current liabilities: 
$63,616.00
Total non-current liabilities: 
$0.00
Total liabilities: 
$63,616.00
Net assets/liabilities: 
$214,719.00