b'Independent Auditors Report to the Members ofAuditors responsibilities for the audit of the Newsboys Foundation Trustsummarised financial report Report on the audit of the 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 Trust (the Trust), which comprises the statementconducted in accordance with the Australian Auditing Standards of financial position as at 30 June 2020, the statement ofwill always detect a material misstatement when it exists. comprehensive income. 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 for a special purpose financial report whichbe expected to influence the economic decisions of users taken is prepared for the purpose of fulfilling the Trustees financialon the basis of this summarised financial report. reporting responsibilities under the Trust Deed and accordingly,A further description of our responsibilities for the audit of reading the summarised financial report is not a substitute forthe financial report is located at the Auditing and Assurance reading the audited financial report. Standards Board website at: http://www.auasb.gov.au/auditors_In our opinion, the summarised financial report of Newsboysresponsibilities/ar4.pdf. These responsibilities were fulfilled as Foundation Trust for the year ended 30 June 2020 is consistent,part of the audit of the financial report from where the above in all material respects, with the financial report from which itsummarised financial report was derived.was derived. Our audit report on the financial report for the year ended 30 June 2020 was signed on 3 December 2020 and was not subject Basis for opinion 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 Trust in accordance with the ethical requirements of theGrant Thornton Audit Pty Ltd Accounting Professional and Ethical Standards Boards APES 110Chartered AccountantsCode of Ethics for Professional Accountants (including Independence Standards) (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. S C Trivett We believe that the audit evidence we have obtained is sufficientPartnerAudit & Assuranceand appropriate to provide a basis for our opinion.Melbourne, 3 December 2020Responsibilities of Trustee for the summarised financial report The Trustee 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 2020 and such internal control as the Trustee determines is necessary to enable the preparation of the summarised financial report that is free from material misstatement, whether due to fraudor error. In preparing the financial report, the Trustee is responsible for assessing the Trusts 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 Trustee either intends to liquidate the Trust or to cease operations, or has no realistic alternative but to do so.The Trustee is responsible for overseeing the Trusts financial reporting process. NEWSBOYS FOUNDATION ANNUAL REPORT 202027'