FINANCIALS 2018
Deloitte Touche Tohmatsu
ABN 74 490 121 060
Grosvenor Place
225 George Street
Sydney, NSW, 2000
Australia
Phone: +61 2 9322 7000
www.deloitte.com.au
Independent Auditor’s Report to the members of
KU Children’s Services
Report on the Audit of the Financial Report
Opinion
We have audited the financial report of KU Children’s Services (the “Entity”) which comprises the
statement of financial position as at 31 December 2018, the statement of comprehensive income, the
statement of changes in equity and the statement of cash flows for the year then ended, and notes to the
financial statements, including a summary of significant accounting policies, and director’s declaration.
In our opinion, the accompanying financial report presents fairly, in all material respects, the Entity’s
financial position as at 31 December 2018 and of its financial performance and its cash flows for the year
then ended in accordance with Australian Accounting Standards – Reduced Disclosure Requirements and
Division 60 of the Australian Charities and Not-for-profits Commissions Act 2012 and the Charitable
Fundraising Act 1991.
Basis for Opinion
We conducted our audit in accordance with Australian Auditing Standards. Our responsibilities under those
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 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 responsibilities in accordance with the Code.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for
our opinion.
Other Information
The Board of Directors are responsible for the other information. The other information comprises the
information included in the Director’s Report and the Director’s Declaration for the year ended 31
December 2018, but does not include the financial report and our auditor’s report thereon.
Our opinion on the financial report does not cover the other information and we do not express any form
of assurance conclusion thereon.
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 knowledge obtained in the audit, or otherwise appears to be materially misstated. If, based on the
work we have performed, we conclude that there is a material misstatement of this other information, we
are required to report that fact. We have nothing to report in this regard.
Responsibilities of the Board of Directors for the Financial Report
The Board of Directors of the Entity are responsible for the preparation of the financial report in accordance
with Australian Accounting Standards - Reduced Disclosure Requirements and Australian Charities and
Not-for-profits Commission Act 2012 and for such internal control as management determine is necessary
to enable the preparation of the financial report that 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
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