INDEPENDENTAUDITOR’SREPORTTOTHE
MEMBERSOFCHILDREN’SCANCERFOUNDATION
Report on the financial statements
We have audited the accompanying financial statements of Children’s Cancer Foundation (the “Foundation”), which
comprise the statement of financial positionasat 31December 2015, and the statement of financial activities, statement
of changes in fundandstatement of cashflows for the reportingyear thenended, andasummaryof significant accounting
policies and other explanatory notes.
Management committeemembers’ responsibility for the financial statements
The Board of Management Committee Members of the Foundation are responsible for the preparation and fair
presentationof thesefinancial statements inaccordancewith theSingaporeFinancialReportingStandards, theSocieties
Act, Chapter 311 (the “Societies Act”) and the Singapore Charities Act, Chapter 37 (the “Charities Act”), and for such
internal control asmanagement determines is necessary to enable the preparation of financial statements that are free
frommaterial misstatement, whether due to fraud or error.
Auditor’s responsibility
Our responsibility is to express an opinion on these financial statements based on our audit.We conducted our audit in
accordance with Singapore Standards onAuditing. Those standards require that we comply with ethical requirements
and plan and perform the audit to obtain reasonable assurancewhether the financial statements are free frommaterial
misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial
statements.Theproceduresselecteddependon theauditor’s judgment, including theassessment of the risksofmaterial
misstatement of the financial statements, whether due to fraud or error. Inmaking those risk assessments, the auditor
considers internal control relevant to the entity’s preparation of financial statements that give a true and fair view 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 Foundation’s internal control. An audit also includes evaluating the appropriateness
of accountingpolicies usedand the reasonableness of accountingestimatesmadebyFoundation, aswell as evaluating
the overall presentation of the financial statements.
Webelieve that theaudit evidencewehaveobtained issufficient andappropriate toprovideabasis for our audit opinion.
Opinion
In our opinion, the financial statements are properly drawn up in accordancewith the provisions of the SocietiesAct, the
Charities Act and Singapore Financial Reporting Standards so as to present fairly, in all material respects, the state of
affairs of theFoundation as at 31December 2015 and the results, changes in funds and cash flows of theFoundation for
the reporting year ended on that date.
Report onother legal and regulatory requirements
Inour opinion:
(a)
The accounting and other records required by the regulations enacted under the SocietiesAct to be kept by the
Foundation have been properly kept in accordancewith those regulations; and
(b)
The fund-raising appeals held during the reporting year have been carried out in accordancewith regulation 6 of
theSocietiesRegulations issued under theSocietiesAct and proper accounts and other records have been kept
of the fund-raisingappeals.
During the course of our audit, nothing has come to our attention that causes us to believe that during the
reporting year:
(a)
Theuseof thedonationmoneyswas not inaccordancewith theobjectives of theFoundationas requiredunder
regulation 11 of theCharities (Institutions of aPublicCharacter) Regulations; and
(b)
TheFoundationhasnot compliedwith the requirementsof regulation15 (Fund-raisingexpenses)of theCharities
(Institutions of aPublicCharacter) Regulations.
RSMChio Lim LLP
PublicAccountants and
CharteredAccountants
Singapore
19April 2016
Partner in charge of audit:WooE-Sah
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