KU Annual Report 2013 | Page 25

Directors’ Declaration The Directors declare that: 1. The financial statements, comprising the statement of profit and loss and other comprehensive income, statement of financial position, statement of cash flows, statement of changes in equity, and accompanying notes, are in accordance with the Corporations Act 2001 and: a. comply with Australian Accounting Standards – Reduced Disclosure Requirements and the Corporations Regulations 2001; and b. give a true and fair view of the company’s financial position as at 31 December 2013 and of its performance for the year ended on that date. 2. In the Directors’ opinion, there are reasonable grounds to believe that the company will be able to pay its debts as and when they become due and payable. This declaration is made in accordance with a resolution of the Board of Directors and is signed for and on behalf of the Directors by: Stuart Washington Chair, Board of Directors Sydney, 6 March 2014 Stacey Brown Chair, Audit & Risk Management Committee Sydney, 6 March 2014 Declaration by Board of Directors in Respect of Fundraising Appeals In the opinion of the Board of Directors: (i) the financial statements give a true and fair view of all income and expenditure of KU Children’s Services with respect to fundraising appeals; (ii) the statement of financial position gives a true and fair view of the state of affairs with respect to fundraising appeals; (iii) t  he provisions of the Charitable Fundraising Act 199 1 and the regulations under that Act and the conditions attached to the authority have been complied with; and (iv) the internal controls exercised by KU Children’s Services are appropriate and effective in accounting for all income received. Signed in accordance with a resolution of the Board of Directors. Stuart Washington Chair, Board of Directors Sydney, 6 March 2014 Stacey Brown Chair, Audit & Risk Management Committee Sydney, 6 March 2014 27