Annual Information Statement 2020

Legal Name
Youth Futures Ltd
ABN
11124211565

About the charity

Charity size
Large
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 2020 reporting period
WA fundraising number: CC21154
Is the charity a Basic Religious Charity?
No

Charity programs

Program name
Emergency Relief
Program classification
Unknown or not classified
Program locations
1/70 Davidson Terrace, Joondalup WA, Australia
Program beneficiaries
  • Adults - aged 25 to under 65
  • Financially disadvantaged people
  • People at risk of homelessness/ people experiencing homelessness
  • Unemployed persons

Description of the charities activities and outcomes
Youth Futures fundraising and donations are used for our work with disadvantaged
young people which includes provision of food, toiletries, clothing, accommodation both
crisis and transitional, provision of household essentials and direct support services. Youth
Futures also provides an appropriate education course for disadvantage youth who are not able to
attend main stream schooling. Fund raising includes direct mail, online requests, media requests,
donation tin collections and small events

Human Resources

Employees and volunteers
  • Full time employees: 27
  • Part time employees: 11
  • Casual employees: 7
  • Full-time equivalent staff (FTE): 34.50
  • Estimated number of volunteers: 20

Financial Reporting

Charity's 2020 reporting period
1 July 2019 to 30 June 2020
Type of financial statement
Special purpose financial statements
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
$254,167.00
Revenue from providing goods or services
$0.00
Revenue from government including grants
$1,630,867.00
Revenue from investments
$18,467.00
All other revenue
$4,101,792.00
Total revenue
$6,005,293.00
Other income (for example, gains)
$0.00
Total gross income
$6,005,293.00
Expenses
Employee expenses
$3,103,888.00
Interest expenses
$12,197.00
Grants and donations made for use in Australia
$1,400,000.00
Grants and donations made for use outside Australia
$0.00
All other expenses
$1,119,164.00
Total expenses
$5,635,249.00
Net surplus/(deficit)
$370,044.00
Other comprehensive income
$0.00
Total comprehensive income
$370,044.00

Balance Sheet extract

Assets
Total current assets
$2,501,200.00
Non-current loans receivable
$0.00
Other non-current assets
$1,354,840.00
Total non-current assets
$1,354,840.00
Total assets
$3,856,040.00
Liabilities
Total current liabilities
$812,274.00
Non-current loans payable
$0.00
Other non-current liabilities
$501,478.00
Total non-current liabilities
$501,478.00
Total liabilities
$1,313,752.00
Net assets/liabilities
$2,542,288.00