2015-16 Special Purpose Financial Report

2015-16 Special Purpose Financial Report

CONTENTS EXECUTIVE COMMITTEE REPORT

03

FINANCIAL STATEMENTS

06

Statement of Profit or Loss and Other Comprehensive Income

06

Statement of Financial Position

07

Statement of Changes in Equity

07

Statement of Cash Flows

08

NOTES TO THE FINANCIAL STATEMENTS EXECUTIVE COMMITTEE MEMBERS’ DECLARATION INDEPENDENT AUDIT REPORT TO THE MEMBERS AUDITOR’S INDEPENDENCE DECLARATION

09 18 19 20

3 2015–16 Special Purpose Financial Report

MULTIPLE SCLEROSIS SOCIETY OF QUEENSLAND ABN 56 731 473 412

EXECUTIVE COMMITTEE REPORT

The Executive Committee of the Multiple Sclerosis Society of Queensland present their Report together with the financial statements of the consolidated entity (‘the Group’), being the Multiple Sclerosis Society of Queensland (‘the Society’) and its controlled entity, the Multiple Sclerosis Development and Research Foundation of Queensland Inc., for the year ended 30 June 2016 and the Independent Audit Report thereon.

ROGER BURRELL

LINCOLN HOPPER

JOHANNA ROCHE

WENDY LOVELACE

CHAIRMAN (effective 18 September 2015)

SECRETARY

TREASURER

MEMBER

Executive Committee Member since 1996

CEO, MS Queensland since 2011

Executive Committee Member since 2010

Executive Committee Member since 2008

Director of MS Australia, Solicitor, Director of Burrell Stockbroking Pty Ltd and related entities, Director of Access Funds Management Limited, consultant to QM Properties and Property Solutions, former partner of Clayton Utz (1987– 2000) and Phillips Fox (2000–2006) and Fellow of the Australian Institute of Company Directors.

Worked in the health and community services sector for over 25 years and holds post graduate qualifications in Commerce and is a non-graduate member of the Australian Institute of Company Directors.

Non-executive Director and Corporate Tax Consultant. Non-executive Director of Handball Australia and a number of private companies. Fellow of Chartered Accountants Ireland, Chartered Accountants Australia and New Zealand, Member of the Tax Institute of Australia and Graduate of the Australian Institute of Company Directors. Former partner of PwC Australia.

MS Ambassador and advocate.

Architect and universal access consultant. Convenor of Queensland Action for Universal Housing Design.

Person with MS.

Meeting attendance Board Remuneration & Nominations

Board Remuneration & Nominations

Building & Property Assets

Building & Property Assets Services Philanthropic Relations Risk & Audit

Board Risk & Audit

Board Services Philanthropic Relations

4 2015–16 Special Purpose Financial Report

MULTIPLE SCLEROSIS SOCIETY OF QUEENSLAND ABN 56 731 473 412

CARMEL MACMILLAN

RACHEL MATTHEWS

JOHN O’DEMPSEY

TRACEY PARKER

MEMBER

MEMBER

MEMBER

MEMBER

Executive Committee Member since 2013

Executive Committee Member since 2007

(resigned 27 November 2015) Executive Committee Member

Executive Committee Member since 2011

Non-executive director, Marketing and Corporate strategy specialist and Principal of CM Strategy Consulting.

Board director of Queensland Poetry Festival, Piovesan Nominees Pty Ltd and Lagberry Pty Ltd. Mater Foundation Sub-Committee board member.

Graduate member of the Australian Institute of Company Directors.

Co-convenor of Brisbane LSG of Qld Disability Network. Former medical secretary, jillaroo, journalist and instrumental music teacher. Long-time community, arts and disability activist in Mt Isa, Townsville, Roma and Brisbane.

Person with MS.

MS Ambassador and convenor of the Gold Coast PwMSQ Support Group.

Retired Business Development Manager in the automotive and industrial industries. Person with MS. .

Chief Financial Officer and Company Secretary of the Pradella Group, a large private builder and developer of residential, commercial and industrial properties in South East Queensland.

Member of Chartered Accountants Australia and New Zealand.

Board Services Philanthropic Relations

Board Services

Board Services

Board Building & Property Assets Risk & Audit

5 2015–16 Special Purpose Financial Report

MULTIPLE SCLEROSIS SOCIETY OF QUEENSLAND ABN 56 731 473 412

PRINCIPAL ACTIVITIES

LONG-TERM OBJECTIVES

During the year, the principal activities of the entities within the Group were to provide direct assistance to people with MS including: the provision of services to those people, their families and carers, the removal of barriers preventing their participation in the community and workplace and to fund research into a cure for MS.

The Group’s long term objectives are to:

There have been no significant changes in the nature of these activities during the year.

SHORT-TERM OBJECTIVES The Group’s short-term objectives are to: Accurately understand the met and unmet needs of people living with MS/Progressive Neurological Disease (PND) in Queensland Increase access to services to meet identified needs across Queensland Continually increase our financial contribution to research into MS/PND Encourage, support and harness grass-roots advocacy Continue to develop specific outreach and facilitation servicing models Build on our brand awareness Strengthen our relationships with key Queensland influencers

Provide high quality solutions for people living with MS/PND in Queensland Advocate societal, policy and sector reform that directly benefits our clients Maintain a strong, developing and sustainable organisation

STRATEGY FOR ACHIEVING SHORT AND LONG-TERM OBJECTIVES To achieve these objectives, the Group has adopted the following strategies: Become the first choice in Queensland across the MS/PND lifecycle

Be the preferred partner of clients, state and local government and a top three partner for donors and the business community Diversify our fundraising mix and configuration Position the Society for client servicing via individualised fee-for-service, commercial and NDIS arrangements Deliver community-based housing solutions Maximise the benefits of our assets, including property holdings Operate financially sustainable activities Fundraise for service innovation and MS research Be the best employer and volunteer placement option in our sector

Service Queensland equitably

Invest in systems and technology that support our work

Invest in e-health client technology

Reduce our impact on the environment

Support and promote cutting-edge MS research Become the lead advocate for people living with MS/PND in Queensland Credibly report the impact of our work Have a dominant brand presence in Queensland

6 2015–16 Special Purpose Financial Report

MULTIPLE SCLEROSIS SOCIETY OF QUEENSLAND ABN 56 731 473 412

 

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FINANCIAL STATEMENTS  

DISSOLUTION The Multiple Sclerosis Society of Queensland was incorporated under the Religious, Educational and Charitable Institutions Acts 1861 – 1967 on 14 November 1974. If the Society is wound up, the constitution states that the property and other assets of the Society remaining after the payment of all expenses and other liabilities must be transferred to an organisation, fund, authority or institution, having similar objects to the Society, to which income tax deductible gifts can be made.

EXECUTIVE COMMITTEE MEMBERS’ DECLARATION The Executive Committee Members’ declaration is included on page 18 of the financial report and forms part of the Executive Committee Members’ report.

INDEPENDENT AUDITOR’S REPORT TO MEMBERS The independent auditor’s report to members is included on page 19 of the financial report and forms part of the Executive Committee Members’ report.

STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME

FOR THE YEAR ENDED 30 JUNE 2016              

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    

  

 

          

          

          

          









         

     

     

     

     

 

 

 

 

Roger Burrell CHAIRMAN



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







   

19 September 2016







   

Signed in accordance with a resolution of the Executive Committee Members.



The accompanying notes form part of these financial statements





7 2015–16 Special Purpose Financial Report

MULTIPLE SCLEROSIS SOCIETY OF QUEENSLAND ABN 56 731 473 412

 

  









STATEMENT OF FINANCIAL POSITION

STATEMENT OF CHANGES IN EQUITY

AS AT 30 JUNE 2016

        

   

    

  

    

FOR THE YEAR ENDED 30 JUNE 2016

  

     

     

     

   

   

   

   









 

  

  

  

  

 

  

  

  

  





















  

 

 

 

 

        

The accompanying notes form part of these financial statements

  

 

     





 

   

     

  

     

   

  

  

     

  

8 2015–16 Special Purpose Financial Report

MULTIPLE SCLEROSIS SOCIETY OF QUEENSLAND ABN 56 731 473 412

 







STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 30 JUNE 2016

 

    

  

 

































   

 



   

  

   











 









































 

   



 

 





   

 





   

  

       

The accompanying notes form part of these financial statements













“WE ARE WELL POSITIONED TO DELIVER MS QUEENSLAND’S HOUSING STRATEGY FOR PEOPLE WITH MS, WITH TWO PROJECTS ALREADY UNDERWAY AND FURTHER HOUSING INVESTMENT OF $8.1M SCHEDULED FOR 2016–17.”

JOHANNA ROCHE, TREASURER, MS QUEENSLAND.

9



2015–16 Special Purpose Financial Report







 

MULTIPLE SCLEROSIS SOCIETY OF QUEENSLAND ABN 56 731 473 412



NOTES TO THE FINANCIAL STATEMENTS





FOR THE YEAR ENDED 30 JUNE 2016 1. STATEMENT OF SIGNIFICANT ACCOUNTING POLICIES







 (a) BASIS OF PREPARATION



 

(b) FORMATION 

   

     (c) PRINCIPLES OF CONSOLIDATION

       

    

     

  





   

 (d) REVENUE RECOGNITION

  

 

    



10



2015–16 Special Purpose Financial Report







 

MULTIPLE SCLEROSIS SOCIETY OF QUEENSLAND ABN 56 731 473 412



NOTES TO THE FINANCIAL STATEMENTS





FOR THE YEAR ENDED 30 JUNE 2016

1. 

STATEMENT OF SIGNIFICANT ACCOUNTING POLICIES [CONTINUED] 





 (d) REVENUE RECOGNITION (CONTINUED)

  (f) INCOME TAX

ii)  

  

iii) 

  (g) CASH AND CASH EQUIVALENTS

iv)    v)   vi)   vii)     (e) GOVERNMENT SUBSIDIES          

        (h) TRADE RECEIVABLES           INVESTMENTS  (i)    (j) PROPERTY, PLANT AND EQUIPMENT      

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11

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

2015–16 Special Purpose Financial Report



 



MULTIPLE SCLEROSIS SOCIETY OF QUEENSLAND ABN 56 731 473 412



NOTES TO THE FINANCIAL STATEMENTS





FOR THE YEAR ENDED 30 JUNE 2016 

1. STATEMENT OF SIGNIFICANT ACCOUNTING POLICIES 

[CONTINUED]





 (j) PROPERTY, PLANT AND EQUIPMENT (CONTINUED)

 (l)  EMPLOYEE ENTITLEMENTS

  

i)      

      

ii)    



iii)   

 

 (m) GOODS AND SERVICES TAX (GST)

 

      

      

 

 

 (k) TRADE AND OTHER PAYABLES

 (n) ASSETS HELD FOR SALE

  

  



12





2015–16 Special Purpose Financial Report



 

MULTIPLE SCLEROSIS SOCIETY OF QUEENSLAND ABN 56 731 473 412

 



NOTES TO THE FINANCIAL



 STATEMENTS 

FOR THE YEAR ENDED 30 JUNE 2016



1. 



STATEMENT OF SIGNIFICANT ACCOUNTING POLICIES [CONTINUED] 



 (n) ASSETS HELD FOR SALE (CONTINUED)

    (q) NEW ACCOUNTING STANDARDS FOR APPLICATION IN FUTURE PERIODS

  

           (r)  GOING CONCERN

 (o) INTANGIBLE ASSETS           (p) KEY ACCOUNTING ESTIMATES AND JUDGMENTS           

       (s) CHANGES IN ACCOUNTING POLICIES     



2. CAPITAL MANAGEMENT

              

        

 

13 2015–16 Special Purpose Financial Report 

 

     MULTIPLE    

SCLEROSIS



NOTES TO THE FINANCIAL STATEMENTS

 FOR THE YEAR ENDED 30 JUNE 2016  

  

 3.

REVENUE 

                          

                                                                                       



  

4. CASH AND CASH EQUIVALENTS  

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 

 

                                                                                     

 

 

 

 

       

      

 

 

           

          

      

      

         

    

         

             



   

 

   

  





 

   

 

   

  

 

 

    

    

    

     

 

 

 

 



 









 

  

 6. TERM DEPOSITS 

 



                          

   





5. TRADE AND OTHER RECEIVABLES

 





     731 473 412     

  

     

          QUEENSLAND ABN 56         

 





 



     SOCIETY OF    

         

7. FINANCIAL ASSETS

        

  

  

     

 







 





 

           

                    

 

 

       

 





  

 





        

                    



14 2015–16 Special Purpose Financial Report  

MULTIPLE SCLEROSIS SOCIETY OF QUEENSLAND ABN 56 731 473 412 

 

  

  

 

 

 NOTES TO THE FINANCIAL STATEMENTS  





  FOR THE YEAR ENDED 30 JUNE 2016 

 

  





  

 

  

8. PROPERTY, PLANT AND EQUIPMENT   

 

 

 

 

 

  

 





 

           

 

           

 

           

 

           

 

           





  

           







 











   

  

15 2015–16 Special Purpose Financial Report

MULTIPLE SCLEROSIS SOCIETY OF QUEENSLAND ABN 56 731 473 412



 

     



    

    

    

    



    

    

    

    

NOTES TO THE FINANCIAL STATEMENTS

 FOR THE YEAR ENDED 30 JUNE 2016 

     

 

9. INTANGIBLE ASSETS

 

10. TRADE AND OTHER PAYABLES





  

 

  

 

 

 

           

 

  

  

  

  











              



    

    

    

    



    

    

    

    

  

     

 



  

  



     



      

    

     



 

     



 

     



  

   

 

  

 

 

     

     

     

     

  

  

  

  

              

  



  

    

  

  

 

 

  

  

  

  









  

  

  

  



16  2015–16 Special Purpose

MULTIPLE SCLEROSIS SOCIETY OF QUEENSLAND ABN 56 731 473 412

Financial Report

     



 

       

NOTES TO THE FINANCIAL STATEMENTS



FOR THE YEAR ENDED 30 JUNE 2016

                                                 

11. PROVISIONS

              









   

   

   

   

    

    

    

    

   

   

   

   

     

12. EXECUTIVE COMMITTEE MEMBERS

             



13. CASH FLOW INFORMATION  

      

                  



    



  

 

  

  

  

 

  

 

  

                         

   

    

    

  

   

    

      

  

   

 

   

 

   

  17   2015–16 Special Purpose  Financial Report              

  

   

   SOCIETY OF

  QUEENSLAND

   ABN 56



       

 MULTIPLE 

           

                                                                           

SCLEROSIS



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

       

NOTES TO THE FINANCIAL STATEMENTS  

   

    

    

FOR THE YEAR ENDED 30 JUNE 2016

    

 

    

14. CAPITAL COMMITMENTS   

 

     

 

17. ECONOMIC DEPENDENCY

  



  

 

  

   

   

   

   



15. REMUNERATION OF AUDITORS       

  

  



 

 



           

 

 

 

 

                  

16. PRINCIPAL ACTIVITIES

                          

           

18. EVENTS AFTER REPORTING DATE

                    19.

AUTHORISATION 

18 2015–16 Special Purpose Financial Report

MULTIPLE SCLEROSIS SOCIETY OF QUEENSLAND ABN 56 731 473 412

EXECUTIVE COMMITTEE MEMBERS’ DECLARATION Level 18

George Central The Executive Committee has determined that the Society andKing the consolidated 145 Ann Street Brisbane QLD 4000 entity is not a reporting entity and that this special purpose financial report Correspondence to: GPO Box 1008 should be prepared in accordance with the accounting policiesBrisbane outlined in Note QLD 4001 1 to the financial statements.

T + 61 7 3222 0200 F + 61 7 3222 0444 E info.qld@au.gt.com W www.grantthornton.com.au

In the opinion of the Executive Committee the financial report as set out on Independent Auditor’s Report pages 6 to 17 are in accordance with the Australian Charities and Not-for-profits To the Members of Multiple Sclerosis Society of Queensland Commission Act 2012, and: We have audited the accompanying financial report, being a special purpose financial report, of Multiple Sclerosis Society of Queensland (the “Society”), which comprises the 1. Presents a truestatement and fairof view ofposition the financial position Multiple Sclerosis consolidated financial as at 30 June 2016, and of the the consolidated Society of Queensland the consolidated entity as at 30statement June 2016 statement of profit or lossand and other comprehensive income, consolidated of and its changes in equity and year consolidated statement of cash flows for the year then ended, notes performance for the ended on that date. comprising a summary of significant accounting policies and other explanatory information to the financial report and the Executive Committee Members’ Declaration of the 2. As at consolidated the date of this statement, there grounds to believe entity comprising the Society andare the reasonable entities it controlled at the year’s end or that from time to time duringSociety the financial the Multiple Sclerosis of year.

Queensland will be able to pay its debts as

and when they fall due.

Responsibility of the Executive Committee for the financial report

The Executive Committee of the Society is responsible for the preparation and fair presentation the financial report and have determined that the accounting policies used This statement is of made in accordance with a resolution of the Executive and described in Note 1 to the financial report, which form part of the financial report, are Committee and is signed for and on behalf of the Executive Committee appropriate to meet the needs of the Members and the Australian Charities and Not-forprofits Commission Act 2012. This responsibility includes such internal controls as the Executive Committee determine are necessary to enable the preparation of the financial report to be free from material misstatement, whether due to fraud or error.

Auditor’s responsibility

R. Burrell Our responsibility is to express an opinion on the financial report based on our audit. We conducted our audit in accordance with Australian Auditing Standards which require us to Acting Chairman comply with relevant ethical requirements relating to audit engagements and plan and perform the audit to obtain reasonable assurance whether the financial report is free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial report. The procedures selected depend on the auditor’s J. Rochejudgement, including the assessment of the risks of material misstatement of the financial Treasurer report, whether due to fraud or error.

Grant Thornton Audit Pty Ltd ACN 130 913 594 a subsidiary or related entity of Grant Thornton Australia Ltd ABN 41 127 556 389

Dated this 19th day of September 2016.

‘Grant Thornton’ refers to the brand under which the Grant Thornton member firms provide assurance, tax and advisory services to their clients and/or refers to one or more member firms, as the context requires. Grant Thornton Australia Ltd is a member firm of Grant Thornton International Ltd (GTIL). GTIL and the member firms are not a worldwide partnership. GTIL and each member firm is a separate legal entity. Services are delivered by the member firms. GTIL does not provide services to clients. GTIL and its member firms are not agents of, and do not obligate one another and are not liable for one another’s acts or omissions. In the Australian context only, the use of the term ‘Grant Thornton’ may refer to Grant Thornton Australia Limited ABN 41 127 556 389 and its Australian subsidiaries and related entities. GTIL is not an Australian related entity to Grant Thornton Australia Limited.

Liability limited by a scheme approved under Professional Standards Legislation. Liability is limited in those States where a current scheme applies.

by:

19 2015–16 Special Purpose Financial Report

MULTIPLE SCLEROSIS SOCIETY OF QUEENSLAND ABN 56 731 473 412

Level 18 King George Central 145 Ann Street Brisbane QLD 4000 Correspondence to: GPO Box 1008 Brisbane QLD 4001

Independent Auditor’s Report To the Members of Multiple Sclerosis Society of

T + 61 7 3222 0200 Level 18 F + 61 7 3222 0444 King George Central E info.qld@au.gt.com 145 Ann Street W www.grantthornton.com.au Brisbane QLD 4000 Correspondence to: QueenslandGPO Box 1008 Brisbane QLD 4001

T + 61financial 7 3222 0200 report, We have audited the accompanying financial report, being a special purpose F + 61 7 3222 0444 of Multiple Sclerosis Society of Queensland (the “Society”), which comprises the E info.qld@au.gt.com W www.grantthornton.com.au consolidated statement of financial position as at 30 June 2016, and the consolidated Independent Report statement of Auditor’s profit or loss and other comprehensive income, consolidated statement of To the Members of Multiple Sclerosis Society of Queensland changes in equity and consolidated statement of cash flows for the year then ended, notes comprising a summary of significant accounting policies and other explanatory information We have audited the accompanying financial report, being a special purpose financial report, to the financial report and the Executive Committee Members’ Declaration of the of Multiple Sclerosis Society of Queensland (the “Society”), which comprises the consolidated entity comprising the Society and the entities it controlled at the year’s end or consolidated statement of financial position as at 30 June 2016, and the consolidated from time to time during the financial year. statement of profit or loss and other comprehensive income, consolidated statement of changes in equity and consolidated statement of cash flows for the year then ended, notes Responsibility of the Executive Committee for the financial report comprising a summary of significant accounting policies and other explanatory information The Executive Committee of the Society is responsible for the preparation and fair to the financial report and the Executive Committee Members’ Declaration of the presentation of the financial report and have determined that the accounting policies used consolidated entity comprising the Society and the entities it controlled at the year’s end or and described in Note 1 to the financial report, which form part of the financial report, are from time to time during the financial year. appropriate to meet the needs of the Members and the Australian Charities and Not-forprofits Commission Act 2012. This responsibility includes such internal controls as the Responsibility of the Executive Committee for the financial report Executive Committee determine are necessary to enable the preparation of the financial The Executive Committee of the Society is responsible for the preparation and fair report to be free from material misstatement, whether due to fraud or error. presentation of the financial report and have determined that the accounting policies used and described in Note 1 to the financial report, which form part of the financial report, are Auditor’s responsibility appropriate to meet the needs of the Members and the Australian Charities and Not-forOur responsibility is to express an opinion on the financial report based on our audit. We profits Commission Act 2012. This responsibility includes such internal controls as the conducted our audit in accordance with Australian Auditing Standards which require us to Executive Committee determine are necessary to enable the preparation of the financial comply with relevant ethical requirements relating to audit engagements and plan and report to be free from material misstatement, whether due to fraud or error. perform the audit to obtain reasonable assurance whether the financial report is free from material misstatement.

In making those risk assessments, the auditor considers internal control relevant to the Society’s preparation and fair 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 on the effectiveness of the Society’s internal control. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by the Executive Committee, as well as evaluating the overall presentation of the financial report.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.

Independence

In conducting our audit, we have complied with the applicable independence requirements of the Accounting Professional and Ethical Standards Board and the Australian Charities and Not-for-profits Commission Act 2012.

Auditor’s Opinion

In our opinion the financial report of Multiple Sclerosis Society of Queensland i

presents fairly, in all material respects, the Society’s financial position as at 30 June 2016 and of their performance and cash flows for the year then ended in accordance with the accounting policies described in Note 1

ii

complies with the Australian Charities and Not-for-profits Commission Act 2012 and the Australian Charities and Not-for-profits Commission Regulation 2013.

Basis of accounting

Without modifying our opinion, 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 financial reporting requirements of the Australian Charities and Not-for-profits Commission Act 2012 and to distribute a financial report to the members. As a result, the financial report may not be suitable for another purpose.

Auditor’s responsibility

Our responsibility is to express an opinion on the financial report based on our audit. We An audit involves performing procedures to obtain audit evidence about the amounts and conducted our audit in accordance with Australian Auditing Standards which require us to disclosures in the financial report. The procedures selected depend on the auditor’s comply with relevant ethical requirements relating to audit engagements and plan and judgement, including the assessment of the risks of material misstatement of the financial perform the audit to obtain reasonable assurance whether the financial report is free from report, whether due to fraud or error. material misstatement.

Audit Pty Ltd ACN 130 913 594 to obtain audit evidence about the amounts and An Grant auditThornton involves performing procedures a subsidiary or related entity of Grant Thornton Australia Ltd ABN 41 127 556 389 disclosures in the financial report. The procedures selected depend on the auditor’s ‘Grant Thornton’ refers to the brand under which the Grant Thornton member firms provide assurance, tax and advisory services to their clients and/or refers to one or more member firms, as the judgement, including the assessment of the risks of material misstatement of the financial context requires. Grant Thornton Australia Ltd is a member firm of Grant Thornton International Ltd (GTIL). GTIL and the member firms are not a worldwide partnership. GTIL and each member firm is a separate legal entity. Services are delivered by the member firms. GTIL does not provide services to clients. GTIL and its member firms are not agents of, and do not obligate one another and report, whether due to fraud or error. are not liable for one another’s acts or omissions. In the Australian context only, the use of the term ‘Grant Thornton’ may refer to Grant Thornton Australia Limited ABN 41 127 556 389 and its Australian subsidiaries and related entities. GTIL is not an Australian related entity to Grant Thornton Australia Limited.

Liability limited by a scheme approved under Professional Standards Legislation. Liability is limited in those States where a current

Grant Thornton Audit Pty Ltd ACN 130 913 594 scheme applies. a subsidiary or related entity of Grant Thornton Australia Ltd ABN 41 127 556 389

‘Grant Thornton’ refers to the brand under which the Grant Thornton member firms provide assurance, tax and advisory services to their clients and/or refers to one or more member firms, as the context requires. Grant Thornton Australia Ltd is a member firm of Grant Thornton International Ltd (GTIL). GTIL and the member firms are not a worldwide partnership. GTIL and each member firm is a separate legal entity. Services are delivered by the member firms. GTIL does not provide services to clients. GTIL and its member firms are not agents of, and do not obligate one another and are not liable for one another’s acts or omissions. In the Australian context only, the use of the term ‘Grant Thornton’ may refer to Grant Thornton Australia Limited ABN 41 127 556 389 and its Australian subsidiaries and related entities. GTIL is not an Australian related entity to Grant Thornton Australia Limited.

Liability limited by a scheme approved under Professional Standards Legislation. Liability is limited in those States where a current scheme applies.

GRANT THORNTON AUDIT PTY LTD Chartered Accountants

M S Bell Partner - Audit & Assurance Brisbane, 19 September 2016

20 2015–16 Special Purpose Financial Report

MULTIPLE SCLEROSIS SOCIETY OF QUEENSLAND ABN 56 731 473 412

Level 18 King George Central 145 Ann Street Brisbane QLD 4000 Correspondence to: Level 18 GPO Box 1008 King George Central Brisbane QLD 4001 145 Ann Street

Brisbane QLD 4000 T + 61 7 3222 0200 Correspondence to: F + Box 61 71008 3222 0444 GPO E info.qld@au.gt.com Brisbane QLD 4001 W www.grantthornton.com.au

T + 61 7 3222 0200 Independent Auditor’s Assertion Statement F + 61 7 3222 0444 To the Members of Multiple Sclerosis Society of Queensland E info.qld@au.gt.com

W www.grantthornton.com.au

Independent Auditor’s Assertion Statement The financial information (excluding projections) contained in Our Financial Performance To the Members of Multiple Sclerosis Society of Queensland Auditor’s Independence Declaration

Level 18 King George Central 145 Ann Street Brisbane QLD 4000 Correspondence to: GPO Box 1008 LevelBrisbane 18 QLD 4001 King George Central 145 Ann 61 7 3222 0200 T + Street Brisbane QLD 4000 F + 61 7 3222 0444 Correspondence to: E info.qld@au.gt.com GPO W Box 1008 www.grantthornton.com.au Brisbane QLD 4001

T + 61 7 3222 0200 F + 61 7 3222 0444

pages 92 to 97 of the Multiple Sclerosis Society of Queensland 2015-16 Annual Report, is E info.qld@au.gt.com To the Executive Committee of Multiple Sclerosis Society derived from the audited special purpose financial report of the Multiple Sclerosis Society of ofWQueensland www.grantthornton.com.au The financial information (excluding projections) contained in Our Financial Performance Queensland for the year ended 30 June 2016 and is consistent, in all material respects, with pages 92 to 97 of Auditor’s the Multiple Sclerosis Society of Queensland 2015-16 Annual Report, is Independent Report the audited special purpose financial report.

In accordance with the requirements section ofSclerosis the Australian from the audited purpose Sclerosis financialof report of the 60-40 Multiple Society of Charities and NotToderived the Members ofspecial Multiple Society of Queensland Queensland forCommission the year ended 30Act June2012, 2016 and consistent, in all respects, with for-profits as islead auditor formaterial thenotaudit ofall Multiple Sclerosis Society The financial information contained in Our Financial Performance does contain the the audited special purpose financial report.

Queensland for theAustralian year ended 30 June 2016,andIbeing declare that, topurpose the of my knowledge disclosures required byaccompanying the Accounting Standards accordingly, reading the bestfinancial Weof have audited the financial report, a special report, financial information contained in Our Financial Performance not aapplicable substitute forcode reading and belief, there have been no contraventions ofisany financial information contained Our Financial Performance does notwhich contain comprises all the of professional of The Multiple Sclerosis Society ofin Queensland (the “Society”), the the audited special purpose financial report. disclosures by theto Australian Accounting Standards conductrequired instatement relation audit. consolidated ofthe financial position as at and 30 accordingly, June 2016,reading and the the consolidated financial information contained in Our Financial Performance is not a substitute for reading statement profit or loss and report. other comprehensive income, consolidated statement of the auditedofspecial purpose financial

changes in equity and consolidated statement of cash flows for the year then ended, notes comprising a summary of significant accounting policies and other explanatory information to the financial report and the Executive Committee Members’ Declaration of the consolidated entity comprising theLTD Society and the entities it controlled at the year’s end or GRANT THORNTON AUDIT PTY Chartered from time toAccountants time during the financial year.

GRANT THORNTON AUDIT PTY LTD GRANT THORNTON AUDIT PTY LTD Chartered Accountants Chartered Accountants Responsibility of the Executive Committee for the financial report

The Executive Committee of the Society is responsible for the preparation and fair presentation of the financial report and have determined that the accounting policies used Bell in Note 1 to the financial report, which form part of the financial report, are andM described M SSBell Partner – Audit & Assurance Partner -to Audit &the Assurance appropriate meet needs of the Members and the Australian Charities and Not-forM S Bell profits Commission Act 2012. This responsibility includes such internal controls as the Brisbane, 31 October 2016 Partner – Audit Assurance Brisbane, 19&September 2016 are necessary to enable the preparation of the financial Executive Committee determine report to be free from material Grant Thornton Audit Pty Ltd ACN 130 913 594 misstatement, whether due to fraud or error.

Brisbane, 31 October 2016 a subsidiary or related entity of Grant Thornton Australia Ltd ABN 41 127 556 389

‘Grant Thornton’ refers to the brand under which the Grant Thornton member firms provide assurance, tax and advisory services to their clients and/or refers to one or more member firms, as the Auditor’s responsibility Grant LtdLtdACN 130firm913 594Thornton International Ltd (GTIL). GTIL and the member firms are not a worldwide partnership. GTIL and each member firm context Thornton requires. Grant Audit ThorntonPty Australia is a member of Grant

a subsidiary or related entity of Grant Thornton Australia Ltd ABN 41 127 556 389 Our responsibility is to express an opinion on the financial report based on our audit. We conducted audit in accordance withLegislation.

Australian Standards Liability limitedour by a scheme approved under Professional Standards Liability is Auditing limited in those States where a currentwhich require us to scheme applies. comply with relevant ethical requirements relating to audit engagements and plan and Liability limited by aaudit scheme approved under Professional Standards Legislation.

Liability iswhether limited in those the States where a current report is free from perform the to obtain reasonable assurance financial scheme applies. material misstatement. is a separate legal entity. Services are delivered by the member firms. GTIL does not provide services to clients. GTIL and its member firms are not agents of, and do not obligate one another and are not liable for one another’s acts or omissions. In the Australian context only, the use of the term ‘Grant Thornton’ may refer to Grant Thornton Australia Limited ABN 41 127 556 389 and its Australian subsidiaries and related entities. GTIL is not an Australian related entity to Grant Thornton Australia Limited.

‘Grant Thornton’ refers to the brand under which the Grant Thornton member firms provide assurance, tax and advisory services to their clients and/or refers to one or more member firms, as the context requires. Grant Thornton Australia Ltd is a member firm of Grant Thornton International Ltd (GTIL). GTIL and the member firms are not a worldwide partnership. GTIL and each member firm is a separate legal entity. Services are delivered by the member firms. GTIL does not provide services to clients. GTIL and its member firms are not agents of, and do not obligate one another and are not liable for one another’s acts or omissions. In the Australian context only, the use of the term ‘Grant Thornton’ may refer to Grant Thornton Australia Limited ABN 41 127 556 389 and its Australian subsidiaries and related entities. GTIL is not an Australian related entity to Grant Thornton Australia Limited.

Grant Thornton Audit Pty Ltd ACN 130 913 594

subsidiary or related entity of Grant Thornton Australia Ltd ABN 41 127 556 389 An aaudit involves performing procedures to obtain audit evidence about the amounts and ‘Grant Thornton’ refers to the brand under which the Grant Thornton member firms provide assurance, tax and advisory services to their clients and/or refers to one or more member firms, as the disclosures in the financial report. The procedures selected depend on the auditor’s context requires. Grant Thornton Australia Ltd is a member firm of Grant Thornton International Ltd (GTIL). GTIL and the member firms are not a worldwide partnership. GTIL and each member firm is a separate legal entity. Services are delivered by the member firms. GTIL does not provide services to clients. GTIL and its member firms are not agents of, and do not obligate one another and judgement, including the assessment of the risks of material misstatement of the financial are not liable for one another’s acts or omissions. In the Australian context only, the use of the term ‘Grant Thornton’ may refer to Grant Thornton Australia Limited ABN 41 127 556 389 and its Australian subsidiaries and related entities. GTIL is not an Australian related entity to Grant Thornton Australia Limited. report, whether due to fraud or error.

Liability limited by a scheme approved under Professional Standards Legislation. Liability is limited in those States where a current scheme applies.

Grant Thornton Audit Pty Ltd ACN 130 913 594 a subsidiary or related entity of Grant Thornton Australia Ltd ABN 41 127 556 389 ‘Grant Thornton’ refers to the brand under which the Grant Thornton member firms provide assurance, tax and advisory services to their clients and/or refers to one or more member firms, as the context requires. Grant Thornton Australia Ltd is a member firm of Grant Thornton International Ltd (GTIL). GTIL and the member firms are not a worldwide partnership. GTIL and each member firm is a separate legal entity. Services are delivered by the member firms. GTIL does not provide services to clients. GTIL and its member firms are not agents of, and do not obligate one another and are not liable for one another’s acts or omissions. In the Australian context only, the use of the term ‘Grant Thornton’ may refer to Grant Thornton Australia Limited ABN 41 127 556 389 and its Australian subsidiaries and related entities. GTIL is not an Australian related entity to Grant Thornton Australia Limited.

Liability limited by a scheme approved under Professional Standards Legislation. Liability is limited in those States where a current scheme applies.

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