Bendigo Art Gallery Annual Report 2017-2018

52
53
FOUNDATION FINANCIAL REPORT
FOUNDATION AUDITOR’S REPORT
FOUNDATION TRUSTEES’ DECLARATION
The Trustees of the Foundation declare that:
1 The financial statements and notes, as set out on pages 39
to 52, are in accordance with the Australian Charities and
Not for Profits Commission Act 2012 and:
a. comply with Australian Accounting Standards and the ACNC
Regulations 2012; and
b. give a true and fair view of the company’s financial position
as at 30 June 2018 and of its performance for the year ended
on that date.
2 In the trustees’ opinion there are reasonable grounds to
believe that the foundation will be able to pay its debts as
and when they become due and payable.
Ms Jenny Dawson, Chair
Ms Vicki Pearce, Treasurer:
Dated this 20th day of August 2018
Independent auditor’s report to the
trustees of Bendigo Art Gallery Foundation
REPORT ON THE AUDIT OF THE
FINANCIAL STATEMENTS
Our opinion
In our opinion, the financial report of
Bendigo Art Gallery Foundation being
a special purpose financial report,
presents fairly, in all material respects
the financial position of the Bendigo
Art Gallery Foundation as at 30 June
2018 and of its financial performance
for the year then ended in accordance
with the accounting policies described
in Note 1 to the financial statements.
What we have audited
Bendigo Art Gallery Foundation’s (the
trust) financial report comprises the:
Balance sheet for the year ended
30 June 2018
Statement of profit or loss and other
comprehensive income for the year
then ended
Statement of changes in equity for
the year then ended
Statement of cash flows for the year
then ended
Notes comprising a summary of
significant accounting policies and
other explanatory notes
The trustees’ declaration of the
entity.
Basis of accounting and restriction on
distribution
Without modifying our opinion, we
draw attention to Note 1 to the financial
statements, which describes the basis
of accounting. The financial report
has been prepared for the purpose
of fulfilling the trustees’ financial
reporting responsibilities. As a result,
the financial report may not be suitable
for another purpose.