Crowe New Zealand Audit Partnership Level 17, 88 Shortland Street, Auckland Central, Auckland 1010 C/- Crowe Mail Centre, Private Bag 90106 Invercargill 9840 Main +64 9 303 4586 Fax +64 9 309 1198 www.crowe.nz INDEPENDENT AUDITOR’S REPORT TO THE BOARD OF MANAGEMENT OF NEW ZEALAND RUGBY FOUNDATION INCORPORATED Opinion We have audited the performance report of New Zealand Rugby Foundation Incorporated (the Incorporated Society) which comprise the financial statements on pages 20 to 31, the statement of service performance on page 19 and the entity information on pages 16 to 17. The complete set of financial statements comprise the statement of financial position as at 31 December 2024, and the statement of financial performance and statement of cash flows for the year ended, and the accounting policies and other explanatory information. In our opinion, the accompanying performance report presents fairly, in all material respects: ▪ the entity information as at 31 December 2024; ▪ the financial position of the Incorporated Society as at 31 December 2024, and its financial performance and its cash flows for the year then ended; and ▪ the service performance of the Incorporated Society for the year ended 31 December 2024 in that the service performance information is appropriate and meaningful and prepared in accordance with the entity’s measurement bases or evaluation methods in accordance with Public Benefit Entity Simple Format Reporting – Accrual (Not-For-Profit) issued by the New Zealand Accounting Standards Board. Basis for Opinion We conducted our audit of the financial statements in accordance with International Standards on Auditing (New Zealand) (ISAs (NZ)), and the audit of the entity information and statement of service performance in accordance with the ISAs (NZ) and New Zealand Auditing Standard (NZ AS) 1 (Revised) The Audit of Service Performance Information. Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the Performance Report section of our report. We are independent of the Incorporated Society in accordance with Professional and Ethical Standard 1 International Code of Ethics for Assurance Practitioners (including International Independence Standards) (New Zealand) issued by the New Zealand Auditing and Assurance Standards Board, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. The title ‘Partner’ conveys that the person is a senior member within their respective division, and is among the group of persons who hold an equity interest (shareholder) in its parent entity, Findex Group Limited. The only professional service offering which is conducted by a partnership is external audit, conducted via the Crowe Australasia external audit division and Unison SMSF Audit. All other professional services offered by Findex Group Limited are conducted by a privately owned organisation and/or its subsidiaries. Findex (Aust) Pty Ltd, trading as Crowe Australasia is a member of Crowe Global, a Swiss verein. Each member firm of Crowe Global is a separate and independent legal entity. Findex (Aust) Pty Ltd and its affiliates are not responsible or liable for any acts or omissions of Crowe Global or any other member of Crowe Global. Crowe Global does not render any professional services and does not have an ownership or partnership interest in Findex (Aust) Pty Ltd. Services are provided by Crowe New Zealand Audit Partnership an affiliate of Findex (Aust) Pty Ltd. © 2024 Findex (Aust) Pty Ltd 33 32 ANNUAL REPORT 2024 statement of
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