b'Hourigan PartnersIndependent Auditors Report To the Members of Newsboys Foundation ACN 004 239 374Report on the summarised financial report OpinionWe have audited the summarised financial report of Newsboys Foundation ACN 004 239 374 (the Company), which comprise the statement of financial position as at 30 June 2024 and the statement of comprehensive income for the year then ended.The summarised financial report does not contain all the disclosures required by the Australian Accounting StandardsSimplified Disclosure Requirements (as adopted by Newsboys Foundation) 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 is consistent, in all material respects with the audited 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 Company in accordance with 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.Directors responsibilities for the financial reportThe Directors are responsible for the preparation and fair presentation of the summarised financial report in accordance with the full financial report and for such internal control as the Directors determine is necessary to enable the preparation of a summarised financial report that is free from material misstatement, whether due to fraud or error.In preparing the summarised financial report, the Directors are responsible for assessing Companys 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 Directors either intend to liquidate the Company or to cease operations, or have no realistic alternative but to do so. The Directors are responsible for overseeing Companys summarised 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. Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Companys internal control.Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Directors.Director: Simon Hourigan CALevel 1, 339 Whitehorse Road, Balwyn VIC 3103NEWSBOYS FOUNDATION ANNUAL REPORT 202423'