KU Annual Report KU Annual Report 2017 | Page 29

FINANCIALS Deloitte Touche Tohmatsu ABN 74 490 121 060 Grosvenor Place 225 George Street Deloitte Touche Tohmatsu Sydney, NSW, 2000 ABN 74 490 121 060 Australia Grosvenor Place 225 George Street Phone: 2 9322 Sydney, +61 NSW, 2000 7000 www.deloitte.com.au Australia Phone: +61 2 9322 7000 www.deloitte.com.au Independent Auditor’s Report to the members of KU Children’s Services Independent Auditor’s Report Report on the Audit of the Financial Report to the members of KU Children’s Services Opinion Report on the Audit of the Financial Report We have audited the financial report of KU Children’s Services (the “Entity”), which comprises the statement Opinion of financial position as at 31 December 2017, the statement of comprehensive income, statement of changes in equity and statement of cash flows for the year then ended, and notes to the financial statements, including We have audited the financial report of KU Children’s Services (the “Entity”), which comprises the statement a summary of significant accounting policies, and the directors’ declaration or assertion statement by Those of financial position as at 31 December 2017, the statement of comprehensive income, statement of changes Charged With Governance. in equity and statement of cash flows for the year then ended, and notes to the financial statements, including a summary of significant accounting policies, and the directors’ declaratio n or assertion statement by Those In our opinion the accompanying financial report presents fairly, in all material respects, the Entity’s financial Charged With Governance. position as at 31 December 2017, and of its financial performance and its cash flows for the year then ended in accordance with Australian Accounting Standards and Chartiable Fundraising Act 1991. In our opinion the accompanying financial report presents fairly, in all material respects, the Entity’s financial position as Opinion at 31 December 2017, and of its financial performance and its cash flows for the year then ended Basis for in accordance with Australian Accounting Standards and Chartiable Fundraising Act 1991. We conducted our audit in accordance with Australian Auditing Standards. Our responsibilities under those Basis for Opinion standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Report section of our report. We are independent of the Entity in accordance with the ethical requirements of the Accounting We conducted our audit in accordance with Australian Auditing Standards. Our responsibilities under those Professional and Ethical Standards Board’s APES 110 Code of Ethics for Professional Accountants (the Code) standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Report section that are relevant to our audit of the financial report in Australia. We have also fulfilled our other ethical of our report. We are independent of the Entity in accordance with the ethical requirements of the Accounting responsibilities in accordance with the Code. Professional and Ethical Standards Board’s APES 110 Code of Ethics for Professional Accountants (the Code) that are relevant to our audit of the financial report in Australia. We have also fulfilled our other ethical We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our responsibilities in accordance with the Code. opinion. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our Other Information opinion. The Board of Directors are responsible for the other information. The other information comprises the Other Information information included in the financial report, but does not include the financial report and our auditor’s report thereon. The Board of Directors are responsible for the other information. The other information comprises the information included in the financial report, but does not include the financial report and our auditor’s report Our opinion on the financial report does not cover the other information and we do not express any form of thereon. assurance conclusion thereon. Our opinion on the financial report does not cover the other information and we do not express any form of In connection with our audit of the financial report, our responsibility is to read the other information and, in assurance conclusion thereon. doing so, consider whether the other information is materially inconsistent with the financial report or our knowledge obtained in the audit or otherwise appears to be materially misstated. In connection with our audit of the financial report, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial report or our If, based on the work we have performed, we conclude that there is a material misstatement of this other knowledge obtained in the audit or otherwise appears to be materially misstated. information; we are required to report that fact. We have nothing to report in this regard. If, based on the work we have performed, we conclude that there is a material misstatement of this other The Board of Directors’ Responsibilities for the Financial Report information; we are required to report that fact. We have nothing to report in this regard. The Board of Directors are responsible for the preparation and fair presentation of the financial report in The Board of Directors’ Responsibilities for the Financial Report accordance with Australian Accounting Standards – Reduced Disclosure Requirements and Australian Charities and Not-for-profits Commission Act 2012 and for compliance with the Charitable Fundraising Act 1991 and for The Board of Directors are responsible for the preparation and fair presentation of the financial report in such internal control as the Board of Directors determine is necessary to enable the preparation and fair accordance with Australian Accounting Standards – Reduced Disclosure Requirements and Australian Charities presentation of the financial report and is free from material misstatement, whether due to fraud or error. and Not-for-profits Commission Act 2012 and for compliance with the Charitable Fundraising Act 1991 and for such internal control as the Board of Directors determine is necessary to enable the preparation and fair presentation of the financial report and is free from material misstatement, whether due to fraud or error. Liability limited by a scheme approved under Professional Standards Legislation. Member of Deloitte Touche Tohmatsu Limited Liability limited by a scheme approved under Professional Standards Legislation. Member of Deloitte Touche Tohmatsu Limited 5 KU 20 17