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ANNUAL REPORT 2020 | 21 Independent Auditor’s Report To the Council Members of Neurological Foundation of New Zealand Qualified opinion We have audited the financial statements of Neurological Foundation of New Zealand (the ‘Foundation’), which comprise the stateme t of fi a c ial position as at 31 March 2020, a d the stateme t of comprehe sive reve and expense, statement of changes in net assets/equity and statement of cash flows for the year then ended, and notes to the financial statements, including a summary of significant accounting policies. In our opinion, except for the possible effects of the matter described in the Basis for Qualified Opinion sectio of our report, the accompanying financial stateme ts, o pages 23 to 37, prese t fairly, i all material respects, the financial position of the Neurological Foundation of New Zealand as at 31 March 2020, a d its fi a cial performance and its cash flows for the year then ended in accordance with Public Benefit Foundation Sta ᘀrds Reduced Disclosure Regime. Basis for qualified opinion In common with other organisations of a similar nature, control over the revenues from donations and fundraising from the public and annual appeals prior to being banked is limited. It was not practicable to extend our examination of donations beyond the accounting for amounts received as shown by the accounting records of the foundation, or to determi e the effect of the limited co trol. We conducted our audit in accordance with International Standards on Auditing (‘ISAs’) and International Sta dards o Auditi g (New Zeala d) (‘ISAs (NZ)’). Our respo sibilities u der those sta dards a further described in the Auditor’s Responsibilities for the Audit of the Financial Statements section of our report. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. We are independent of the Foundation in accordance with Professional and Ethical Standard 1 (Revised) Code of Ethics for Assurance Practitioners issued by the New Zealand Auditing and Assurance Standards Board and the International Ethics Standards Board for Accountants’ Code of Ethics for Professional Accountants , a d we have fulfilled our other ethical responsibilities in accordance with these requirements. Other than in our capacity as auditor, we have no relationship with or interests in the Foundation. Other information The Council is responsible on behalf of the Foundation for the other i formatio . The other i formatio comprises the i formatio i the A ual Report that accompa ies the fi a cial stateme Our opinion on the financial statements does not cover the other information and we do not express a y form of assurance conclusion thereon. Our responsibility is to read the other information obtained prior to the date of our audit report, and consider whether it is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If so, we are required to report that fact. We have nothing to report i this regard. Council’s responsibilities for the financial statements The Council is responsible on behalf of the Foundation for the preparation and fair presentation of the financial statements in accordance with Public Benefit Foundation Sta dards Reduced Disclosure Regime , and for such i ter al co trol as the C uncil d termi e is e cessary to e able the preparatio of fi a cial stateme t free from material misstateme t, whether due to fraud or error. In preparing the financial statements, the Council is responsible for assessing the Foundation’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Council either i te ds to liquidate the Foundation or to cease operations, or has no realistic alternative but to do so. Auditor’s responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstateme t, whether due to fraud or error, a d to issue a aud itor’s report that i cludes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs and ISAs (NZ) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. A further descriptio of our respo sibilities for the audit of the fi a cial stateme ts is located o t Reporting Board’s website at: https://www.xrb.govt.nz/standards-for-assura  ᔀ-practitioners/auditors-respo sibilities/audit -report-8 This descriptio forms part of our auditor’s report.