b'NEWSBOYS FOUNDATION FINANCIAL REPORTNewsboys FoundationNewsboys Foundation (A Company Limited by Guarantee)(A Company Limited By Guarantee) Statement of Comprehensive IncomeStatement of Financial Position For the year ended 30 June 2020 as at 30 June 202020202019 20202019$$ $$Investment income1,066,0051,482,825 Current assets Other income18,2321,325 Cash and cash equivalents3,691,0563,068,388Total income1,084,2371,484,150 Other receivables 326,194525,511Employee expenses(194,067) (221,279) Total current assets4,017,2503,593,899Depreciation expense(34,140)(768)Allocations to community Non-current assets youth organisations(679,500) (712,510) Other financial assets15,944,15018,481,187Other expenses(76,390) (133,407) Right of Use Asset99,576-Loss on investments as financialOther receivables9,8399,839asset measured at fair value Total non-current assets 16,053,56518,491,026through profit or loss (2,195,581)(70,334)Total expenses(3,179,678)(1,138,298) Total assets20,070,81522,084,925Profit/(Loss) for the year(2,095,441) 345,852Total comprehensive income/(loss) Current liabilities for the year(2,095,441)345,852 Other payables 7,1446,893Employee benefits provision32,26043,175The financial statements with accompanying notes are available toLeases37,138-members at their request. Total current liabilities76,54250,068 Non current liabilities Leases54,857-Total non-current liabilities54,857-Total liabilities 131,399 50,068Net assets19,939,41622,034,857Equity Retained earnings19,939,41622,034,857Total equity19,939,41622,034,857The financial statements with accompanying notes are available to members at their request.24NEWSBOYS FOUNDATION ANNUAL REPORT 2020'