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 2024 as at 30 June 2024 20242023 20242023$$ $$Donations1,835- Current assets Investment income1,322,9431,362,750 Cash and cash equivalents1,755,3332,148,876Total income1,324,7781,362,750 Other receivables 797,896523,436Total current assets2,553,2292,672,312Employee expenses(197,799)(183,538)Depreciation expense-(8,690) Non-current assets Allocations to community Financial assets19,882,58119,302,213youth organisations(550,000)(600,000) Plant and equipmentOther expenses(119,995)(135,239) Other receivables-9,849Total expenses(867,794)(927,467) Total non-current assets 19,882,58119,312,062Profit/(Loss) for the year456,984435,283 Total assets22,435,81021,984,374Profit/(Loss) on investments asfinancial asset measured at fair value Current liabilities through profit or loss(15,099)164,248 Other payables 6,7439,921Employee benefits provision63,42950,700Total comprehensive income/(loss) Leasesfor the year441,885599,531 Total current liabilities70,17260,621 The financial statements with accompanying notes areNon-current liabilities available to members at their request. LeasesTotal non-current liabilitiesTotal liabilities70,17260,621Net assets22,365,63821,923,753Equity Retained earnings22,365,63821,923,753Total equity22,365,63821,923,753The financial statements with accompanying notes are available to members at their request.22NEWSBOYS FOUNDATION ANNUAL REPORT 2024'