KU Annual Report 2016 | Page 24

KU Financial Report

Directors’ Declaration

The Directors declare that:

a)

b) 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; and

in the Directors’ opinion, the attached financial statements and notes thereto are in accordance with the Australian Charities and Not-for-profits Commission Act 2012( Cth) and Charitable Fundraising Act 1991, including compliance with accounting standards, and giving a true and fair view of the financial position and performance of the Company.

Signed in accordance with a resolution of the Directors made pursuant to S. 60.15 of the Australian Charities and Not-for-profits Commission Regulations 2013.

On behalf of the Directors

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 the Company 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) the provisions of the Charitable Fundraising Act 1991 and the regulations under that Act and the conditions attached to the authority have been complied with; and

( iv) the internal controls exercised by the Company are appropriate and effective in accounting for all income received. Signed in accordance with a resolution of the Board of Directors.

121st Annual Report 2016