b'CHAIRMANS REVIEWIt is with much pleasure that we present our 126th Annual Report, for the year ended 30 June 2019. Our 125th year celebrations concluded in February this year, with a reception at Government House, and Sandy in her Report refers to the generous speech made by the Governor atthis reception. I have often referred to the lengthyCELEBRATING 125 YEARS OF SERVICE The Newsboys Foundation Trust is the service given by those who becomebody through which we seek tax deductible involved in Newsboys126 years anddonations. The Trust is an important and Sandy is only our fifth CEO. In thatvaluable way in which we can further expand context, many thanks to Keith Gillett, whothe work of the Newsboys Foundation. As at after more than 23 years as a directorIN COLLABORATION WITH 30 June 2019, its corpus was approximately retired at last years AGM. We will miss$292,000. It is required to distribute 4% of its him. We welcome Jeff Olsen, who wascorpus at the end of the preceding financial elected a director in December 2018, andNOW OPEN year, and last year it made one grant of we wish him a lengthy and rewarding$10,750. It is essential we continue to grow association with Newsboys.100% FOR SOCIAL GOOD the Trusts corpus too.In her report, Sandy also makes mentionAs always, I must convey our sincere WE ARE DEDICATED TO SUPPORTING YOUNG PEOPLE WHO NEED A HANDof STREAT and its Bowen Street Caf. Ourgratitude and thanks to our amazing CEO, www.STREAT.com.au /@STREATMelbourneconnection with Bowen Street goes backSandy Shaw. Sandy is the public face to our founder, William Mark Forster, whoof Newsboys and a wonderful ambassador for us. in the 1880s founded the Herald Boys Try Excelsior Class,Our thanks also to Lata Phoenix, our dedicated executive afterwards known as the City Newsboys Society. In 1886,assistant. Our very sincere thanks to our accountant, permissive occupancy of a piece of land in Bowen StreetJennifer Edwards. Without Sandy and her loyal team, the was granted to the Gordon Institute for Boys and the Citywork of the Board would not be possible.Newsboys Society was transferred to it. The initial GordonAgain, our thanks to John Warner for his wise investment Boys Home was built there, opening in 1889. Forster lateradvice. His advice, and that of the late Nigel Morgan, established a new Newsboys Society in 1893, now thehave made possible the corpus and income that enables Newsboys Foundation.Newsboys to carry out its mission. Also, our sincere thanks The corpus of Newsboys has grown from about $800,000to Grant Thornton for again conducting our audit on a at its establishment to just over $22 million at the end ofreduced-fee basis. Our thanks also to David Coombes for the financial year. In the past 12 months we have madethe pro bono work he and his firm, Gadens, have provided in grants totalling $712,510 to 31 organisations. Since 1974,the past year.Newsboys has made grants of just under $17.4 million. W Brind (Zich) Zichy-Woinarski QC, Chairman Each year, as I review the Annual Report, I am delighted toFor and on behalf of the Board of Directors,see the support that we give to the recipient organisations17 September 2019results in wide-ranging and innovative programs. As the Governor recognised, there will always be some young people who need support. Newsboys does, and will continue to, advance the cause of disadvantaged young people in Victoria. In particular, Newsboys will fund programs that are designed to keep young people engaged in education: in that way we carry on the mission William Mark Forster had in starting the Newsboys Society.2NEWSBOYS FOUNDATION ANNUAL REPORT 2019'