Page 1 Page 2 Page 3 Page 4 Page 5 Page 6 Page 7 Page 8 Page 9 Page 10 Page 11 Page 12 Page 13 Page 14 Page 15 Page 16 Page 17 Page 18 Page 19 Page 20 Page 21 Page 22 Page 23 Page 24 Page 25 Page 26 Page 27 Page 28 Page 29 Page 30 Page 31 Page 32 Page 33 Page 34 Page 35 Page 36 Page 37 Page 38 Page 39 Page 40 Page 41 Page 42 Page 43 Page 442 NEWSBOYS FOUNDATION ANNUAL REPORT 2016 It is with much pleasure that we present our 123rd Annual Report, for the year ended 30 June 2016. Again, it has been another fascinating and rewarding year for the Newsboys Foundation. As usual the Board and I have been excited by the many excellent proposals put to us for funding by the Newsboys Foundation. I urge all to read the excellent summaries of these projects set out in this report. Sadly, at last year’s Annual General Meeting, we farewelled Wayne Bunte as a director. Wayne was a former newsboy and became a director of the Newsboys Foundation in 2003. We will miss his valuable contribution and the passing of the direct connection between the Club and the Foundation and we wish him well for the future. In 2013, our 120th year, we inaugurated the Newsboys Foundation Awards. As you may recall from last year’s Annual Report, we determined last year to run these awards in conjunction with the Victorian Student Representative Council (VicSRC). VicSRC is the peak body representing secondary students in Victoria. The winner of the award last year was Roghayeh Sadeghi, from Northern Bay College in Geelong. Roghayeh only arrived in Australia from Iran in 2012, and spoke no English. That she achieved this award in 2015 is a demonstration of her determination. Roghayeh is a wonderful example of how the youth in Victoria can enrich our diverse society and she is a true inspiration for all young people. The winner of this year’s award will be announced at the 2016 Victorian SRC Recognition Awards on 18 October 2016. Again, this year, we joined with the Melbourne Recital Centre to present the Newsboys Foundation Regional Music Award. We were thrilled that our inaugural award in 2015 resulted in a much improved interest in the Bach Competition for Victorian music students aged up to 18, which resulted in four rural and regional young musicians making their way into the final. This year’s winner was violinist Lily McCann. In the past 12 months we have paid grants totalling $837,204 to 40 organisations. This includes $831,004 from the Newsboys Foundation and $6,200 from the Newsboys Foundation Trust. Since its establishment in 1974, the Newsboys Foundation has now allocated total grants of more than $15.2 million to promote the youth in Victoria. As in other years, the Annual Report includes the financial position of the Newsboys Foundation Trust. As at 30 June 2016, the corpus was $265,457. This is a substantial increase on the position 12 months ago thanks to some very generous donors. I am pleased to highlight that we have finally passed that magic quarter of a million dollars mark, which is very much the minimum corpus needed to ensure the Trust will continue to survive long into the future. However, our task must continue and all donations to the Newsboys Foundation Trust will be gratefully received so we can further expand our work. Donations to the Newsboys Foundation Trust are tax deductible. As always, our very sincere thanks to our wonderful and busy CEO, Sandy Shaw. Sandy is truly dedicated to the Newsboys Foundation and we are very lucky to have her working for us and promoting the Newsboys Foundation so well. She is a wonderful ambassador for the organisation. On behalf of the Board, and personally, thank you Sandy for the wonderful work that you do and for another very successful year. Our thanks also to her part-time assistant, Lata Phoenix. Our sincere thanks also to our accountant Wendy Marris, who sadly after eight years assisting us has decided to move on, and we wish her well for the future. A warm welcome to her replacement, Jennifer Edwards, who commenced late in the financial year. Without Sandy and her wonderful team, the work of the Board would not be possible. My thanks as always to John Warner for his continued wonderful investment advice, without which we would not have been able to assist so many organisations in Victoria. Also, our sincere thanks to Grant Thornton for again conducting our audit on a reduced fee basis. W Brind Zichy-Woinarski QC, Chairman For and on behalf of the Board of Directors 9 September 2016 CHAIRMAN’S REVIEW