36 NEWSBOYS FOUNDATION ANNUAL REPORT 2017 NEWSBOYS FOUNDATION TRUST FINANCIAL REPORT Newsboys Foundation Trust The Newsboys Foundation Trust has been established to enable people to make tax deductible donations to help us expand our work. The Melbourne Newsboys Club Ltd is the Trustee Company for the Newsboys Foundation Trust. Melbourne Newsboys Club Ltd (A Company Limited by Guarantee) ACN 163 764 814 As Trustee for the Newsboys Foundation Trust Melbourne Newsboys Club Ltd Directors W. Brind Zichy-Woinarski QC, LLB (Hons) — Chairman Michelle Collins — Treasurer Penny J Campbell DipEd David C Coombes LLB, M Tax, CTA Deryk Stephens B Com., FCPA Melbourne Newsboys Club Ltd Company Secretary Sandra J Shaw BSW MBA Note, Director and Company Secretary biographies are on pages 21 to 24 of the Annual Report. Newsboys Foundation Trust Special Purpose Financial Report For the year ended 30 June 2017 Newsboys Foundation Trust Statement of Comprehensive Income For the year ended 30 June 2017 2017 2016 $ $ Donations 4,100 105,050 Dividend and distribution revenue 6,848 4,536 Interest revenue 2,719 1,948 Total revenue 13,667 111,534 Allocations to community youth organisations (10,650) (6,200) Operating Expenses (47) - Profit for the year 2,970 105,334 Other comprehensive income Items that may be reclassified subsequently to profit or loss: Available-for-sale financial assets - current gains/ losses - - Other comprehensive income for the year - - Total comprehensive income for the year 2,970 105,334 The statement of comprehensive income is to be read in conjunction with the notes to the financial statements set out on pages 37 to 38. Newsboys Foundation Trust Statement of Financial Position as at 30 June 2017 Notes 2017 2016 $ $ Current assets Cash on deposit 74,487 149,039 Receivables 2,485 1,076 Total current assets 76,972 150,115 Non current assets Financial assets 2 196,070 115,342 Total non current assets 196,070 115,342 Total assets 273,042 265,457 Net assets 273,042 265,457 Equity Retained earnings 262,915 259,945 Investment revaluation reserve 10,127 5,512 Total equity 273,042 265,457 The statement of financial position is to be read in conjunction with the notes to the financial statements set out on pages 37 to 38.