NEWSBOYS FOUNDATION ANNUAL REPORT 2017 27 Related party transactions Since the end of the previous financial year, no Director of the Board has received or become entitled to receive any benefit by reason of a contract made by the Foundation with the member, or a firm of which he/she is a member, or with a Company in which he/she has a substantial financial interest. The Board has authority for planning, directing and controlling the activities of the Foundation. Subject to the above, no Director of the Board has received any remuneration. Auditor’s Independence Declaration A copy of the Auditor’s Independence Declaration as required under s60-40 of the Australian Charities and Not- for-profits Commission Act 2012 is included in page 28 of this financial report. Signed in accordance with a resolution of the Board of Directors of the Newsboys Foundation: Deryk Stephens Director, Newsboys Foundation Dated at Melbourne this 21st day of September 2017. NEWSBOYS FOUNDATION DIRECTORS’ REPORT