b'CHAIRMANS REVIEWIt is with much pleasure that we present our 132nd Annual Report, for the year ended 30 June 2025.We were delighted that at the end of last year we were able to hold our Annual General Meeting at Gate 8, and we are very grateful to Geoff Harris for not only enabling this but also for his stimulating address at that meeting.I am pleased to advise that, as from the beginning of this year, we have moved our office to Gate 8, 88 Jolimont Street, East Melbourne, near the MCG, and thank Geoff, Brad and Casey Harris for their amazing generosity in permitting usOur relationship with the Gruppetto Fund continues, and to become part of this vibrant community. through it the Newsboys Foundation Trust was able to The Board has a strong desire to be able to provideprovide further funding of $15,000 to Boys to the Bush.more assistance to the youth in Victoria. Over the lastThe Newsboys Foundation Trust is the body through 12 months, the Investment Sub-Committee (under thewhich we are able to receive tax deductible donations, leadership of Jeff Olsen, and assisted by Clementineand this is an important and valuable way in which we can Hay and myself) has continued to seek to both growexpand the work of the Newsboys Foundation.our corpus and our income.The Board is conscious ofOn behalf of the Board, and personally, grateful thanks the growing needs in our primary areas of focus and ourto our CEO, Sandy Shaw. Sandy is the public face of the desire to assist as many disadvantaged young people inNewsboys Foundation, and without her dedication to the Victoria as we can.In this regard we continue to be ablytask, the Board would not be able to identify and provide assisted by Ian Warner. As the financial reports show, assupport to the organisations that we do.Our thanks at the 30th June 2025 the corpus of the Foundation hadalso to her dedicated assistant, Kerrie Bradburn, and our increased by just under $2 million to just over $24 million. accountant, Jennifer Edwards and to Seamus Bradley for As I noted last year, the Federal Governments decisionhis assistance. to end companies using franked dividends to achieve share buybacks will negatively impact on our income.To Ian Warner, again, thank you for your assistance and Despite that, we managed to achieve a small increase invaluable and wise investment advice. our income from investments. My thanks to Jeff OlsenOur thanks to our auditors, Hourigan Partners, and in and Clementine Hay for the time they have given to thisparticular Simon Hourigan, for the efficient and prompt essential task. conduct of our audit.In the 2024-25 financial year, we made grants totallingFinally, my sincere thanks to all the Board members for $550,000 to 20 organisations.The Newsboys Foundationtheir assistance, dedication and time that they give to has now made total grants of over $20.8 million. assist the disadvantaged youth in Victoria, each one of As I have noted in past years, over the many years theyou is of great assistance to me.Newsboys Foundation has been operating there haveW Brind (Zich) Zichy-Woinarski KC, Chairmanbeen significant changes in both whom we are funding and the structure of that funding.As is clear from thisFor and on behalf of the Board of Directors,Annual Report, and the most recent ones, organisations7 November 2025are now structuring their applications in expectation of ongoing funding for a number of years.We have consciously accommodated such an approach, as it enables them to establish a program knowing they will have funding for some years and, accordingly, capability to establish it and demonstrate its effect.We are confident that this is the right approach in todays world, and the acquittals from those we are funding support our confidence.2NEWSBOYS FOUNDATION ANNUAL REPORT 2025'