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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.