By Anthony Maney, Mount Gambier
ACCORDING to Australian Charities and Not for Profits Commission, Lock the Gate Alliance Ltd lodged its financial report and Annual Information Statement for year ending June 30, 2018, a month after due date.
The Annual Information Statement shows the organisation indicated that it intended to fundraise in New South Wales, Queensland, Tasmania and Victoria, but not South Australia Revenue of about $2m was reported as well as Employee Benefits Expense of about $1m.
The Employee Benefits Expense, expressed as a percentage of revenue looks to be an extremely high 52.7pc.
Taking all of the above into consideration, should residents of the Limestone Coast be buying merchandise from and donating to this organisation?
