FINANCIALS 2019
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 2019, 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 2019 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
KU
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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
2019 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 Notfor-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.
In preparing the financial report, management is responsible for assessing the ability of the Entity to continue
as a going concern, disclosing, as applicable, matters related to going concern and using the going concern
basis of accounting unless management either intend to liquidate the Entity or to cease operations, or has
no realistic alternative but to do so.
The Board of Directors are responsible for overseeing the Entity’s financial reporting process.
Liability limited by a scheme approved under Professional Standards Legislation.
Member of Deloitte Asia Pacific Limited and the Deloitte Network.
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