Annual Information Statement 2014

Legal Name
Workventures Ltd.
ABN
74002721217

Section A: Charity Information

Other names charity is known by (such as trading name)
WorkVentures, CareerVentures, KickStart Academy, Melbourne ITEC Repair Centre, Sydney ITEC Repair Centre
Charity size
Large
Basic Religious Charity
No

Section B: Activities

Activities in the 2014 reporting period
Yes
Main activity
Employment and training
General activities
  • Economic, social and community development
  • Grant-making activities
Description of charity’s activities and outcomes
WorkVentures is Australia's oldest social enterprise charity with the mission of providing technology training to those left on the far side of the digital divide. To achieve our goal of social inclusion through technology, we currently focus on providing vocational IT skills training for marginalised young people at our professional ICT repair centre in Mascot. Understanding how to use and apply technology solutions will be key in the decades to come for helping Australia's youth compete for jobs in a global marketplace.We achieve this by working with partners who:?Give our trainees jobs in their organisations ?Rely on us for mission-critical ICT repairs ?Gift us with cash grants and technology donations ?Donate their time by mentoring and supporting special projects
Changing or introducing activities in the next reporting period
No
Beneficiaries helped by charity’s activities in the 2014 reporting period
  • Youth – 13 to under 25
  • Unemployed persons

Section C: Resources and operating locations

Estimated number of unpaid volunteers who worked for the charity during the 2014 reporting period
  • Full time employees: 80
  • Part time employees: 10
  • Casual employees: 0
  • Volunteers: 1TO10
Where the charity operated during the 2014 reporting period
  • Australian Capital Territory
  • New South Wales
  • Northern Territory
  • Queensland
  • South Australia
  • Tasmania
  • Victoria
  • Western Australia

Section D: Reporting and regulatory obligations (This section is optional)

Commonwealth department /(s) and/or agency/agencies charity had to report to over the 2014 reporting period, excluding the ATO and ACNC

Approximate hours spent reporting by paid staff
75.00
Approximate hours spent reporting by unpaid volunteers
0
Total hours spent reporting
75.00

Section E: Financial information

Charity's 2014 reporting period
1 January 2014 to 31 December 2014
Financial report submitted to a state/territory regulator?
No
2014 Financial report
Note: If you want to see the financial report or annual report that this charity has submitted, go back to Financials & Documents.

Income and Expenses

Comprehensive Income Statement summary

Gross Income
A Government grants
$210,623.00
B Donations and bequests
$140,391.00
C All other revenue
$13,880,196.00
D Total revenue (a+b+c)
$14,231,210.00
E Other income
$0.00
F Total gross income (d+e)
$14,231,210.00
Expenses
G Employee expenses
$8,418,898.00
H Interest
$0.00
I Grants and donations made for use in Australia
$0.00
J Grants and donations made for use outside Australia
$0.00
K All other expenses
$5,852,961.00
L Total expenses (g+h+i+j+k)
$14,271,859.00
M Net surplus/deficit (l-f)
$-40,649.00

Balance Sheet extract

Assets
N Total current assets
$7,055,221.00
O Non-current loans
$0.00
P Other non-current assets
$73,405.00
Q Total non-current assets (o+p)
$73,405.00
R Total assets (n+q)
$7,128,626.00
Liabilities
S Total current liabilities
$3,685,274.00
T Non-current loans
$0.00
U Other non-current liabilities
$208,523.00
V Total non-current liabilities (t+u)
$208,523.00
W Total liabilities (s+v)
$3,893,797.00
X Net assets/liabilities (r-w)
$3,234,829.00