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 2021 as at 30 June 202120212020 20212020$$ $$Investment income840,9761,066,005 Current assets Other income57,81718,232 Cash and cash equivalents1,264,2053,691,056Total income898,7931,084,237 Other receivables 289,426326,194Employee expenses(187,542) (194,067) Total current assets1,553,6314,017,250Depreciation expense(45,443)(34,140)Allocations to community Non-current assets youth organisations(494,250) (679,500) Other financial assets20,439,15115,944,150Other expenses(64,445) (76,390) Plant and equipment54,13399,576Total expenses(791,680)(984,097) Other receivables9,8399,839Profit/(Loss) for the year107,113 100,140 Total non-current assets 20,503,12316,053,565 Profit/(Loss) on investments as Total assets22,056,75420,070,815financial asset measured at fair valuethrough profit or loss1,911,190(2,195,581) Current liabilities Total comprehensive income/(loss) Other payables 7,9737,144for the year2,018,303(2,095,441) Employee benefits provision42,57432,260Leases37,13837,138The financial statements with accompanying notes are available toTotal current liabilities87,68576,542members at their request.Non-current liabilities Leases11,35054,857Total non-current liabilities11,35054,857 Total liabilities99,035 131,399Net assets21,957,71919,939,416Equity Retained earnings21,957,71919,939,416Total equity21,957,71919,939,416The financial statements with accompanying notes are available to members at their request.22NEWSBOYS FOUNDATION ANNUAL REPORT 2021'