LITTLE SHIP CLUB (Qld) 2016-17 ANNUAL REPORT

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Little Ship Club Queensland Squadron Independent Auditor's Report Little Ship Club Queensland Squadron Independent Auditor's Report Little Ship Club Queensland Squadron Independent Auditor's Report

Report on the Audit of the Financial Report Opinion Report on the Audit of the Financial Report Opinion Report on the Audit of the Financial Report Opinion

We have audited the financial report of Little Ship Club Queensland Squadron (the Company), which comprises the statement of financial position as at 30 June 2017, the statement of comprehensive income, statement of changes in equity and cash flow statement for the year then ended, and notes to the financial statements, including a summary of significant accounting policies, and the directors’ declaration. In our opinion, the accompanying financial report of Little Ship Club Queensland Squadron is in accordance with the Corporations Act 2001, including: (a) giving a true and fair view of the company’s financial position as at 30 June 2017 and of its performance for the year then ended; and (b) complying with Australian Accounting Standards to the extent described in Note 1, and theCorporationsRegulations 2001. Basis for Opinion We conducted our audit in accordance with Australian Auditing Standards. Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Report section of our report. We are independent of the company in accordance with the auditor independence requirements of the Corporations Act 2001 and the ethical requirements of the Accounting Professional and Ethical Standards Board’s APES 110 Code of Ethics for Professional Accountants (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 confirm that the independence declaration required by the Corporations Act 2001, which has been given to the directors of the company, would be in the same terms if given to the directors as at the time of this auditor’s report. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Emphasis of Matter – Basis of Accounting We draw attention to Note 1 to the financial report, which describes the basis of accounting. The financial report has been prepared for the purpose of fulfilling the directors’ financial reporting responsibilities under the Corporations Act 2001. As a result, the financial report may not be suitable for another purpose. Our opinion is not modified in respect of this matter. Responsibilities of the Directors for the Financial Report The directors of the company are responsible for the preparation of the financial report that gives a true and fair view and have determined that the basis of preparation described in Note 1 to the financial report is appropriate to meet the requirements of the Corporations Act 2001 and is appropriate to meet the needs of the members. The directors’ responsibility also includes such internal control as the directors determine is necessary to enable the preparation of a 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 directors are responsible for assessing the company’s 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. We have audited the financial report of Little Ship Club Queensland Squadron (the Company), which comprises the statement of financial position as at 30 June 2017, the statement of comprehensive income, statement of changes in equity and cash flow statement for the year then ended, and notes to the financial statements, including a summary of significant accounting policies, and the directors’ declaration. In our opinion, the accompanying financial report of Little Ship Club Queensland Squadron is in accordance with the Corporations Act 2001, including: (a) giving a true and fair view of the company’s financial position as at 30 June 2017 and of its performance for the year then ended; and (b) complying with Australian Accounting St ards to the extent described in Note 1, and theCorporationsRegulations 2001. Basis for Opinion We conducted our audit in accordance with Australian Auditing Standards. Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Report section of our report. We are independent of the company in accordance with the auditor independence requirements of the Corporations Act 2001 and the ethical requirements of the Accounting Professional and Ethical Standards Board’s APES 110 Code of Ethics for Professional Accountants (the Code) that are relevant to our audit of the financial report in Australia. We have also fulfilled our other ethical responsibilities in acc rdance with the Code. We confirm that independence declarat on required by e Corporations Act 2001, which has been given to the directors of the company, would be in the same terms if given to the directors as at the time of this auditor’s report. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Emphasis of Matter – Basis of Accounting We draw attention to Note 1 to the financial report, which describes the basis of accounting. The financial report has been prepared for the purpose of fulfilling the directors’ financial reporting responsibilities under the Corporations Act 2001. As a result, the financial report may not be suitable for another purpose. Our opinion is not modified in respect of this matter. Responsibilities of the Directors for the Financial Report The directors of the company are responsible for the preparation of the financial report that gives a true and fair view and have determined that the basis of preparation described in Note 1 to the financial report is appropriate to meet the requirements of the Corporations Act 2001 and is appropriate to meet the needs of the members. The directors’ responsibility also includes such internal control as the directors determine is necessary to enable the preparation of a financial report that gives a true and fair view and is free fro material misstatement, whether due to fraud or error. In preparing th fi anc al r port, the directors are espon ible for assessing the comp ny’s 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. We have audited the financial report of Little Ship Club Queensland Squadron (the Company), which compris s the statement of financial position as at 30 J n 2017, the statement of comprehe s ve income, statemen of changes i equity and c h flow stat ment for the year then ended, and otes to the fin ncial stateme ts, i cluding a summary of significant accounting policies, and the directors’ declaration. In our opinion, the accompanying financial report of Little Ship Club Queensland Squadron is in accordance with the Corpor tions Act 2001, including: (a) giving a true and fair view of the company’s financial position as at 30 June 2017 and of its performance for the year t n ended; and (b) complying with Australian Accounting Standards to the extent described in Note 1, and theCorporat onsRegul tions 2001. Basis for Opinion We conducted our audit in accordance with Australian Auditing Standards. Our responsibilities under those standards are f rthe described in the Auditor’s R sponsibilities for th Audit of the Financial R port section of o r port. We are i dependent of th c mpany in accordance with auditor independence requirements of the Corporations Act 2001 and the ethical requirements of ting Prof ssional and Ethical Standards Board’s APES 10 Code f Ethics for Profe sional A ants (the Code) that are relevant to our au it of the financial r p rt in Australia. We have also f lfilled our other thic l responsibilities in accor ance with the Code. We confirm that the independence declaration required by the Corporations Act 2001, which h s been given to the directors of the company, would be in the same terms f given o the directors at the t m of this auditor’s report. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Emphasis of Matter – Basis of Accounting We draw attention to Note 1 to the financial report, which describes the basis of accounting. The financi l report has been prepared for the purpose of fulfilling the directors’ finan ial rep rting responsibilities under the Corporations Act 2001. As a result, t e financial report may n t be suitable for another purpose. Our opinion is not modified in r pect of this matter. Responsibilities of the Directors for the Financial Report The directors of the company are responsible for the preparation of the financial report that gives a tru and fair view and have det rmin d that the basis of preparation described in Note 1 to the financial r port is ppropriate o e t t e requirements of the Corporations Act 2001 and is appropriat t meet the needs f th members. The directors’ responsibility also i cludes such inte nal contr l as the directors etermine is necess ry to enable th preparat on of a f ancial report that gives a ue and fair view an is free from materi l misstatement, wh ther due to fraud or er or. In preparing the financial report, the directors are responsibl for assessing the company’s ability to continue as a goi g concern, disclosing, as applicable, matt rs elating to going conc rn and using the going concern basis of accounting unless the direct rs eithe inte d liquidate th company or o cease operatio s, or have no realistic a t rnative but do so.

FS.22 Annual Report 2016–2017

Little Ship Club (Queensland Squadron)