b'Independent Auditors Report to the Members ofAuditors responsibilities for the audit of the Newsboys Foundationfinancial report Report on the audit of the summarised financial reportOur objectives are to obtain reasonable assurance about whether the summarised financial report as a whole is free from material Opinion misstatement, whether due to fraud or error, and to issue an auditors report that includes our opinion. Reasonable assurance We have audited the summarised financial report of Newsboysis a high level of assurance, but is not a guarantee that an audit Foundation (the Company), which comprises the statementconducted in accordance with the Australian Auditing Standards of financial position as at 30 June 2019 and the statement ofwill always detect a material misstatement when it exists.comprehensive income for the year then ended. Misstatements can arise from fraud or error and are considered The summarised financial report does not contain all thematerial if, individually or in the aggregate, they could reasonably disclosures required by the Australian Accounting Standardsbe expected to influence the economic decisions of users taken - Reduced Disclosure Requirements (as adopted by Newsboyson the basis of this summarised financial report.Foundation) and accordingly, reading the summarised financialA further description of our responsibilities for the audit of report is not a substitute for reading the audited financial report. the financial report is located at the Auditing and Assurance In our opinion, the summarised financial report of NewsboysStandards Board website at: http://www.auasb.gov.au/auditors_Foundation for the year ended 30 June 2019 is consistent, in allresponsibilities/ar4.pdf. These responsibilities were fulfilled as material respects, with the financial report from which it waspart of the audit of the financial report from where the above derived. summarised financial report was derived.Our audit report on the financial report for the year ended 30 Basis for opinion June 2019 was signed on 26 September 2019 and was not subject to any modification.We conducted our audit in accordance with Australian Auditing Standards. Our responsibilities under those standards are further described in the Auditors Responsibilities for the Audit of the Financial Report section of our report. We are independent of the Company in accordance with the ethical requirements of the Accounting Professional and Ethical Standards Boards APESGrant Thornton Audit Pty Ltd 110 Code of Ethics for Professional Accountants (the Code) that areChartered Accountantsrelevant 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.S C Trivett Responsibilities of the Board of Directors for thePartnerAudit & Assurancefinancial reportMelbourne, 26 September 2019The Board of Directors of the Company is responsible for the preparation and fair presentation of the summarised financial report in accordance with the full financial statements for the year ended 30 June 2019, and for such internal control as the Directors determine is necessary to enable the preparation of the summarised financial report that gives a true and fair view and is free from material misstatement, whether due to fraud or error.In preparing the financial report, the Board of Directors is responsible for assessing the Companys ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Board of Directors either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so. The Board of Directors is responsible for overseeing the Companys financial reporting process.NEWSBOYS FOUNDATION ANNUAL REPORT 201929'