30 NEWSBOYS FOUNDATION ANNUAL REPORT 2018 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 B Arts, B Com, CA — 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 24 to 27 of the Annual Report. Newsboys Foundation Trust Statement of Comprehensive Income For the year ended 30 June 2018 2018 2017 $ $ Donations 3,100 4,100 Dividend and distribution revenue 12,128 6,848 Interest revenue 1,438 2,719 Total revenue 16,666 13,667 Allocations to community youth organisations (11,000) (10,650) Operating Expenses (63) (47) Profit for the year 5,603 2,970 Other comprehensive income Items that may be reclassified subsequently to profit or loss: - impairment of assets (5,208) - Other comprehensive income for the year - - Total comprehensive income for the year 395 2,970 The financial statements with accompanying notes are available to members at their request. Newsboys Foundation Trust Statement of Financial Position as at 30 June 2018 2018 2017 $ $ Current assets Cash on deposit 75,264 74,487 Receivables 2,683 2,485 Total current assets 77,947 76,972 Non current assets Financial assets 184,666 196,070 Total non current assets 184,666 196,070 Total assets 262,613 273,042 Net assets 262,613 273,042 Equity Retained earnings 263,310 262,915 Investment revaluation reserve (697) 10,127 Total equity 262,613 273,042 The financial statements with accompanying notes are available to members at their request.