LDAssurance
CHARTERED ACCOUNTANTS LDAssurance Pty Ltd Level 6, 250 Collins Street Melbourne Victoria 3000 PO Box 18184 Collins Street East 8003 TELEPHONE + 61 3 9655 3922 FACSIMILE + 61 3 9655 3910 www. ldassurance. com. au ACN 146 147 202
Opinion
In our opinion the financials report of Fitzroy Learning Network Inc. has been prepared in accordance with Division 60 of the Australian Charities and Not-for-profits Commission Act 2012 including:
a) giving a true and fair view of the Association’ s financial position as at 30 June 2016 and of its financial performance and cash flows for the year ended on that date; and
b) complying with Australian Accounting Standards to the extent described in Notes 2 and 3, and Division 60 of the Australian Charities and Not-for-profits Commission Regulation 2013.
Emphasis of Matter – Going Concern
We draw attention to the following matter. As indicated in Note 2( b)“ Going Concern” to the financial statements, the financial report has been prepared on a going concern basis and is dependent on the Association’ s continuing agreements for donations and Government funding.
Basis of accounting
Without modifying our opinion, we draw attention to Note 2 to the financial report, which describes the basis of accounting. The financial report has been prepared for distribution to members for the purpose of fulfilling the board’ s financial reporting under the Associations Incorporation Reform Act 2012 and the Australian Charities and Not-for-profits Commission Act 2012. As a result, the financial report may not be suitable for another purpose.
LDAssurance Chartered Accountants
Stephen O’ Kane Partner
250 Collins Street, Melbourne. 26 October 2016
Liability limited by a scheme approved under Professional Standards Legislation.