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INDEPENDENT AUDITOR’S REPORT
INDEPENDENT AUDITOR’S REPORT
O
T
TO THE MEMBERS OF ULYSSES CLUB INCORPORATED T H E M E M B E R S O F
Ulysses Club Incorporated
INDEPENDENT AUDITOR’S REPORT
Report on the Financial Report T O T H E M E M B E R S O F
We have audited the accompanying financial report of Ulysses Club Incorporated which comprises the statement of financial
Report on the Financial Report
Ulysses Club Incorporated
position as at 31 December 2022, and the statement of comprehensive income for the year then ended, a summary of
significant accounting policies and other explanatory notes and the Statement by Committee of Ulysses Club Incorporated.
We have audited the accompanying financial report of Ulysses Club Incorporated which comprises the
Report on the Financial Report
statement of financial position as at 31 December 2022, and the statement of comprehensive income
Committee of the Association for the Financial Report
for the year then ended, a summary of significant accounting policies and other explanatory notes and
The committee of the Association are responsible for the preparation and fair presentation of the financial report in accordance
We have audited the accompanying financial report of Ulysses Club Incorporated which comprises the
the Statement by Committee of Ulysses Club Incorporated.
with the Association Incorporation Act 2009 (NSW). This responsibility includes establishing and maintaining internal control
statement of financial position as at 31 December 2022, and the statement of comprehensive income
relevant to the preparation and fair presentation of the financial report that is free from material misstatement, whether due to
for the year then ended, a summary of significant accounting policies and other explanatory notes and
fraud or error; selecting and applying appropriate accounting policies; and making accounting estimates that are reasonable in
Committee of the Association for the Financial Report
the Statement by Committee of Ulysses Club Incorporated.
the circumstances.
The committee of the Association are responsible for the preparation and fair presentation of the
Auditor’s responsibility
Committee of the Association for the Financial Report
financial report in accordance with the Association Incorporation Act 2009 (NSW). This responsibility
Our responsibility is to express an opinion on the financial report based on the audit. We have conducted an independent audit
includes establishing and maintaining internal control relevant to the preparation and fair presentation
of the financial report in order to express an opinion on it to the committee. Our audit has been conducted in accordance with
The committee of the Association are responsible for the preparation and fair presentation of the
of the financial report that is free from material misstatement, whether due to fraud or error; selecting
Australian Auditing Standards. These standards require that we comply with relevant ethical requirements relating to audit
financial report in accordance with the Association Incorporation Act 2009 (NSW). This responsibility
and applying appropriate accounting policies; and making accounting estimates that are reasonable in
engagements, and plan and perform the audit to obtain reasonable assurance as to whether the financial report is free from
includes establishing and maintaining internal control relevant to the preparation and fair presentation
material misstatement.
the circumstances.
of the financial report that is free from material misstatement, whether due to fraud or error; selecting
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial report. The
and applying appropriate accounting policies; and making accounting estimates that are reasonable in
Auditor’s responsibility
procedures selected depend on the auditor’s judgement, including the assessment of the risks of material misstatement of the
the circumstances.
financial report, whether due to fraud or error.
Our responsibility is to express an opinion on the financial report based on the audit. We have conducted
Auditor’s responsibility
In making those risk assessments, the auditor considers internal controls relevant to the trustee’s preparation and fair
an independent audit of the financial report in order to express an opinion on it to the committee.
presentation of the financial report in order to design audit procedures that are appropriate in the circumstances, but not for
the purpose of expressing an opinion of the effectiveness of the Association’s internal controls. An audit also includes evaluating
Our responsibility is to express an opinion on the financial report based on the audit. We have conducted
Our audit has been conducted in accordance with Australian Auditing Standards. These standards
the appropriateness of accounting policies used and the reasonableness of accounting estimates made by the committee,
an independent audit of the financial report in order to express an opinion on it to the committee.
as well as evaluating the overall presentation of the financial report. We believe that the audit evidence we have obtained is
require that we comply with relevant ethical requirements relating to audit engagements, and plan and
sufficient and appropriate to provide a basis for our audit opinion.
perform the audit to obtain reasonable assurance as to whether the financial report is free from material
misstatement.
Our audit has been conducted in accordance with Australian Auditing Standards. These standards
Independence
require that we comply with relevant ethical requirements relating to audit engagements, and plan and
In conducting our audit, we have complied with the independence requirements of Australian professional accounting bodies.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in
perform the audit to obtain reasonable assurance as to whether the financial report is free from material
misstatement.
the financial report. The procedures selected depend on the auditor’s judgement, including the
Auditor’s Opinion
then ended in accordance with Australian Accounting Standards (including the Australian Accounting
assessment of the risks of material misstatement of the financial report, whether due to fraud or error.
In our opinion, the financial report gives a true and fair view of the financial position of Ulysses Club Incorporated as at 31
Interpretations).
December 2022, and of its financial performance and its cash flows for the year then ended in accordance with Australian
In making those risk assessments, the auditor considers internal controls relevant to the trustee’s
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in
Accounting Standards (including the Australian Accounting Interpretations).
preparation and fair presentation of the financial report in order to design audit procedures that are
the financial report. The procedures selected depend on the auditor’s judgement, including the
Report on Other Legal and Regulatory Requirements
appropriate in the circumstances, but not for the purpose of expressing an opinion of the effectiveness
assessment of the risks of material misstatement of the financial report, whether due to fraud or error.
Report on Other Legal and Regulatory Requirements
of the Association’s internal controls. An audit also includes evaluating the appropriateness of
This report has been prepared to comply with Ulysses Club Incorporated reporting obligations under
In making those risk assessments, the auditor considers internal controls relevant to the trustee’s
This report has been prepared to comply with Ulysses Club Incorporated reporting obligations under
accounting policies used and the reasonableness of accounting estimates made by the committee, as
Associations Incorporation Act 2009 (NSW).
Associations Incorporation Act 2009 (NSW).
preparation and fair presentation of the financial report in order to design audit procedures that are
well as evaluating the overall presentation of the financial report.
appropriate in the circumstances, but not for the purpose of expressing an opinion of the effectiveness
Yours faithfully
Yours faithfully
of the Association’s internal controls. An audit also includes evaluating the appropriateness of
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for
THOMAS NOBLE & RUSSELL
accounting policies used and the reasonableness of accounting estimates made by the committee, as
THOMAS NOBLE & RUSSELL
BYRON BAY
BYRON BAY our audit opinion.
well as evaluating the overall presentation of the financial report.
Independence
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for
our audit opinion.
In conducting our audit, we have complied with the independence requirements of Australian
professional accounting bodies.
Independence
... ... ... ... ... ... ... ... ... ... ... ..
Brad Tom (Partner)
Auditor’s Opinion
In conducting our audit, we have complied with the independence requirements of Australian
professional accounting bodies.
In our opinion, the financial report gives a true and fair view of the financial position of Ulysses Club
Incorporated as at 31 December 2022, and of its financial performance and its cash flows for the year
Auditor’s Opinion
In our opinion, the financial report gives a true and fair view of the financial position of Ulysses Club
Incorporated as at 31 December 2022, and of its financial performance and its cash flows for the year
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