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 2022as at 30 June 202220222021 20222021$$ $$Investment income1,931,873840,976 Current assets Other income15,16757,817 Cash and cash equivalents1,417,3331,264,205Total income1,947,040898,793 Other receivables 845,762289,426Employee expenses(178,262) (187,542) Total current assets2,263,0951,553,631Depreciation expense(45,443)(45,443)Allocations to community Non-current assets youth organisations(548,750) (494,250) Financial assets19,096,66220,439,151Other expenses(72,802) (64,445) Plant and equipment8,69054,133Total expenses(845,257)(791,680 Other receivables9,8399,839Profit/(Loss) for the year1,101,783107,113 Total non-current assets 19,115,19120,503,123Profit/(Loss) on investments as Total assets21,378,28622,056,754financial asset measured at fair valuethrough profit or loss(1,735,280)1,911,190 Current liabilities Other payables 6,1497,973Total comprehensive income/(loss) Employee benefits provision46,93042,574for the year(633,497)2,018,303 Leases98537,138Total current liabilities54,06487,685The financial statements with accompanying notes are available to members at their request. Non current liabilitiesLeases-11,350Total non-current liabilities-11,350Total liabilities54,064 99,035Net assets21,324,22221,957,719Equity Retained earnings21,324,22221,957,719Total equity21,324,22221,957,719The financial statements with accompanying notes are available to members at their request.22NEWSBOYS FOUNDATION ANNUAL REPORT 2022'