b'Hourigan PartnersIndependent Auditors ReportTo the Directors of Melbourne Newsboys Club Ltd ACN 163 764 814 (Trustee) as trustee for Newsboys Foundation Trust ABN 95 969 094 096 (Trust)Report on the summarised financial reportOpinionWe have audited the summarised financial report Newsboys Foundation Trust ABN 95 969 094 096 (the Trust), which comprises the statement of financial position as at 30 June 2022 and the statement of comprehensive income for the year then ended.The summarised financial report does not contain all the disclosures required for a special purpose financial report which is prepared for the purpose of fulfilling the Trustees financial reporting responsibilities under the Trust Deed and accordingly, reading the summarised financial report is not a substitute for reading the audited financial report.In our opinion, the summarised financial report of Newsboys Foundation Trust is consistent, in all material respects, with the financial report from which it was derived.Basis for opinionWe 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 Australian Charities and Not-for-profits Commission Act 2012 (ACNC Act) and the ethical requirements of the Accounting Professional and Ethical Standards Boards APES 110 Code 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.We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.Trustees responsibility for the financial reportThe Trustee of Newsboys Foundation Trust is responsible for the preparation and fair presentation of the summarised financial report in accordance with the full financial report 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 fraud or error.In preparing the financial report, the Trustee is responsible for assessing Trusts ability to continue as a going concern, disclosing, as applicable, matters relating to going concern and using the going concern basis of accounting unless the Trustee either intend to liquidate the Trust or to cease operations, or have no realistic alternative but to do so. The Trustee is responsible for overseeing the Trusts financial reporting process.Auditors responsibility for 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 misstatement, whether due to fraud or error, and to issue an auditors report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with the Australian Auditing Standards will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of the summarised financial report.As part of an audit in accordance with Australian Auditing Standards, we exercise professional judgement and maintain professional scepticism throughout the audit. We also:Identify and assess the risks of material misstatement of the financial report, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Director: Simon Hourigan CA, F FinLevel 1, 339 Whitehorse Road, Balwyn VIC 310326NEWSBOYS FOUNDATION ANNUAL REPORT 2022'