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 2023 as at 30 June 2023 20232022 20232022$$ $$Investment income1,362,7501,931,873 Current assets Other income-15,167 Cash and cash equivalents2,148,8761,417,333Total income1,362,7501,947,040 Other receivables 523,436845,762Employee expenses(183,538)(178,262)Total current assets2,672,3122,263,095Depreciation expense(8,690)(45,443)Allocations to community Non-current assets youth organisations(600,000)(548,750)Financial assets19,302,21319,096,662Other expenses(135,239)(72,802)Plant and equipment-8,690Total expenses(927,467)(845,257) Other receivables9,8499,839Profit/(Loss) for the year435,2831,101,783 Total non-current assets 19,312,06219,115,191Profit/(Loss) on investments asfinancial asset measured at fair value Total assets21,984,37421,378,286through profit or loss164,248(1,735,280)Current liabilities Total comprehensive income/(loss) Other payables 9,9216,149for the year599,531(633,497) Employee benefits provision50,70046,930Leases-985The financial statements with accompanying notes areTotal current liabilities60,62154,064available to members at their request.Non current liabilities LeasesTotal non-current liabilitiesTotal liabilities60,62154,064Net assets21,923,75321,324,222Equity Retained earnings21,923,75321,324,222Total equity21,923,75321,324,222The financial statements with accompanying notes are available to members at their request.22NEWSBOYS FOUNDATION ANNUAL REPORT 2023'