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NEiTA FOUNDATION TRUST

SPECIAL PURPOSE FINANCIAL REPORT

FOR THE FINANCIAL YEAR ENDED

30 JUNE 2023

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Page Number

Independent Auditor's Report 2

Trustees' Declaration 5

Statement of Profit or Loss and Other Comprehensive Income 6

Statement of Financial Position 7

Statement of Changes in Trust Funds 8

Statement of Cash Flows 9

Notes to the Financial Statements 10-13

NEiTA FOUNDATION TRUST

SPECIAL PURPOSE FINANCIAL REPORT

FOR THE FINANCIAL YEAR ENDED 30 JUNE 2023

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Liability limited by a scheme approved under Professional Standards Legislation.

Member of Deloitte Asia Pacific Limited and the Deloitte organisation.

Deloitte Touche Tohmatsu

ABN 74 490 121 060

477 Collins Street

Melbourne VIC 3000

GPO Box 78

Melbourne VIC 3001 Australia

Tel: +61 3 9671 7000

Fax: +61 3 9671 7001

www.deloitte.com.au

Independent Auditor’s Report to the Members of NEiTA

Foundation Trust

Opinion

We have audited the financial report, being a special purpose financial report, of NEiTA Foundation Trust (the

“Foundation”) which comprises the statement of financial position as at 30 June 2023, the statement of profit or

loss and other comprehensive income, the statement of changes in trust funds and the statement of cash flows

for the year then ended, and notes to the financial statements, including a summary of significant accounting

policies and the trustees’ declaration.

In our opinion, the accompanying financial report of the Foundation is in accordance with Division 60 of the

Australian Charities and Not-for-profits Commission Act 2012 (the “ACNC Act”), including:

(i) giving a true and fair view of the Foundation’s financial position as at 30 June 2023 and of its financial

performance for the year then ended; and

(ii) complying with Australian Accounting Standards to the extent described in Note 2 and Division 60 of the

Australian Charities and Not-for-profits Commission Regulation 2013.

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 Foundation in accordance with the auditor independence requirements of the

ACNC Act and the ethical requirements of the Accounting Professional & Ethical Standards Board’s 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.

Emphasis of Matter – Basis of Accounting

We draw attention to Note 2 to the financial report, which describes the basis of accounting. The financial report

has been prepared for the purpose of fulfilling the trustees’ financial reporting responsibilities under the ACNC

Act. As a result, the financial report may not be suitable for another purpose. Our opinion is not modified in respect

of this matter.

Other Information

The trustees are responsible for the other information. The other information comprises the information included

in the Foundation’s annual report for the year ended 30 June 2023 but does not include the financial report and

our auditor’s report thereon.

Our opinion on the financial report does not cover the other information and we do not express any form of

assurance conclusion thereon.