South Australian Baseball League IncorporatedThe South Australian Baseball League Inc. (Baseball SA) is the governing body of the amateur baseball league within South Australia. Baseball

South Australian Baseball League Incorporated

ABN: 14 584 177 655

Financial Report

Financial Year Ended 30 April 2018


ABN: 14 584 177 655

Financial year ended 30 April 2018

Page 2 of 16

CONTENTS Page Number

Board’s Report 3

Statement by Members of the Board 4

Profit & Loss Statement 5

Statement of Financial Position 6

Statement of Changes in Equity 7

Statement of Cash Flows 8

Notes to the Financial Statements 9

Independent Auditor’s Report

18


ABN: 14 584 177 655


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BOARD’S REPORT

The Board members submit the financial report of South Australian Baseball League Inc. for the financial

year ended 30 April 2018.

Board Members

The names of Board members throughout the year and at the date of this report are:

Mr Mark Snelgrove (President) Mr Mark Brougham (Operations Director)

Ms Annette Fidge (Finance Director) Mr Anthony Catt (Strategy & Affiliations Director)

Mr Lawrie Moore (Player Coach &

Development Director)

Mr Kyle Smith (Youth Director)

Ms Karen Phillips (Marketing Director)

Terry Evans

Principal Activities

Providing the South Australian Baseball Community with a structured, vibrant competition with direction to

build the sport of Baseball within South Australia.

The South Australian Baseball League Inc. (Baseball SA) is the governing body of the amateur baseball

league within South Australia. Baseball SA is governed by the Australian Baseball Federation Inc.

(Baseball Australia).

Significant Changes

On 1 July 2016, Baseball SA entered into an agreement with the Australian Baseball League Pty Ltd (ABL)

to run and manage the stadium at West Beach and to manage the administration of the Adelaide Bite

baseball club’s home games.

During the 30 April 2018 financial year, Baseball SA continued to maintain the accounting records for

income and expenditure derived from managing and administering the Adelaide Bite baseball club’s home

games, as described above, up until the period ended 31 October 2017. For the period 1 November 2017

to 30 April 2018, all transactions relating to the Adelaide Bite baseball club’s home games, were not

accounted for in the Association’s accounting records. The transactions derived during this period were

instead recognised and accounted for in separate financial records that is monitored and reported directly

to ABL.

Operating Result

The Operating Surplus / (Deficit) amounted to $(28,477) (2017: $56,144).

Signed in accordance with a resolution of the members of the Board.

President ……………………………………………………………………………………………………………..

Mark Snelgrove

Dated this 20th day of June 2018

…………………………………………………………………………………………

Mark Snelglglglglglglglglglglglglglglgrorororove


ABN: 14 584 177 655


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STATEMENT BY MEMBERS OF THE BOARD

The Board has determined that the Association is not a reporting entity and that this special purpose

financial report should be prepared in accordance with the accounting policies outlined in Note 1 to the

financial statements.

In the opinion of the Board the financial report as set out on pages 5 to 16:

1. Presents a true and fair view of the financial position of South Australian Baseball League

Incorporated as at 30 April 2018 and its performance for the year ended on that date.

2. At the date of this statement, there are reasonable grounds to believe that South Australian

Baseball League Incorporated will be able to pay its debts as and when they fall due.

3. In accordance with Section 35(5) of the Associations Incorporation Act 1985 the Board of the

South Australian Baseball League Incorporated, hereby states that during the year ended 30 April

2018:

· No officer of the Association has, since the end of the previous financial year, received,

or become entitled to receive a benefit (other than a benefit included in the aggregate

amount of emoluments received or due and receivable by the officers of the Association

shown in the financial report) as a result of a contract between the officer or a firm of

which he/she is a member or an entity in which has a substantial financial interest of the

Association;

· No officer of the Association has, since the end of the previous financial year, received

directly or indirectly from the Association, any payment or other benefit of a pecuniary

value (other than a benefit included in the aggregate amount of emoluments received or

due and receivable by the officers of the Association shown in the financial report).

This statement is made in accordance with a resolution of the Board and is signed for and on behalf of the

Board by:

President ……………………………………………………………………………………………………………..

Mark Snelgrove

Dated this 20th day of June 2018

…………………………………………………………………………………………………………

MaMaMaMaMaMaMaMaMaMaMaMaMaMaMaMaMaMaMark Snelgroveveveveveveveveveveveve


ABN: 14 584 177 655


Page 5 of 16

PROFIT AND LOSS STATEMENT FOR THE YEAR ENDED 30 APRIL 2018 Note 2018

$

2017

$

INCOME

Administration Income 2 42,335 60,984

Events Income 2 368,507 448,650

Grant Income 2 146,500 158,500

Membership Income 2 311,348 293,767

Sponsorship & Donations 2 9,141 12,694

Adelaide Bite Income 2 99,177 172,579

TOTAL INCOME 977,008 1,147,174

EXPENDITURE

Administration Expenses 3 476,661 491,721

Event Expenses 3 367,933 340,131

Membership Expenses 3 79,287 65,858

Adelaide Bite Expenses 3 81,604 193,320

TOTAL EXPENDITURE 1,005,485 1,091,030

OPERATING SURPLUS / (DEFICIT) (28,477) 56,144

The accompanying notes form part of these financial statements.


ABN: 14 584 177 655


Page 6 of 16

STATEMENT OF FINANCIAL POSITION AS AT 30 APRIL 2018

Note 2018

$

2017

$

ASSETS

CURRENT ASSETS

Cash and Cash Equivalents 4 476,626 390,217

Trade Debtors 102,481 142,540

Loan – Diamond Sports SA Inc. 6 - -

TOTAL CURRENT ASSETS 579,107 532,757

NON-CURRENT ASSETS

Property, Plant & Equipment 5 6,348 154,266

Less Accumulated Depreciation 5 5,124 153,430

1,224 836

Loan – Diamond Sports SA Inc. 6 - 20,000

TOTAL NON-CURRENT ASSETS 1,224 20,836

TOTAL ASSETS 580,331 553,593

LIABILITIES

CURRENT LIABILITIES

Trade Payables 7 142,382 101,064

Provision for Employee Entitlements 47,638 33,743

Borrowings 8 53,125 15,625

TOTAL CURRENT LIABILITIES 243,146 150,432

NON-CURRENT LIABILITIES

Borrowings 8 21,875 59,375

TOTAL NON-CURRENT LIABILITIES 21,875 59,375

TOTAL LIABILITIES 265,021 209,807

NET ASSETS 315,310 343,786

MEMBERS’ FUNDS

Accumulated Funds 9 284,961 293,786

Reserves 9 30,349 50,000

TOTAL MEMBERS’ FUNDS 315,310 343,786



ABN: 14 584 177 655


Page 7 of 16

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 30 APRIL 2018

West Beach

Facility Upgrade

Reserve

Accumulated

Funds Total

2018 $ $ $

BALANCE AT 1 MAY 2017 50,000 293,786 343,786

Transfers between Reserves (19,651) 19,651 -

Profit / (Loss) for the year - (28,477) (28,477)

BALANCE AT 30 APRIL 2018 30,349 284,961 315,310

2017

BALANCE AT 1 MAY 2016 - 287,642 287,642

Transfers between Reserves 50,000 (50,000) -

Profit / (Loss) for the year - 56,144 56,144

BALANCE AT 30 APRIL 2017 50,000 293,786 343,786



ABN: 14 584 177 655


Page 8 of 16

STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 30 APRIL 2018

Note

2018

$

2017

$

CASH FLOWS FROM OPERATING ACTIVITIES

Receipts from customers 1,016,648 1,130,931

Payment to suppliers and employees (930,239) (1,046,607)

Net cash provided by operating activities 86,409 84,324

CASH FLOWS FROM INVESTING ACTIVITIES

Payment for property, plant and equipment - -

Net cash provided by investing activities - -

CASH FLOWS FROM FINANCING ACTIVITIES

Proceeds from borrowings - 75,000

Net cash provided by financing activities - 75,000

Net increase in cash and cash equivalents held 86,409 159,328

Cash and cash equivalents at beginning of financial year 390,217 230,889

Cash and cash equivalents at end of financial year 4 476,626 390,217



ABN: 14 584 177 655


Page 9 of 16

NOTE 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

The financial statements are special purpose financial statements prepared in order to satisfy the financial

reporting requirements of the Associations Incorporation Act (SA) 1985. The Board has determined that

the Association is not a reporting entity.

The financial report has been prepared in accordance with the requirements of the Associations

Incorporation Act (SA) 1985 and the following Australian Accounting Standards:

· AASB 101: Presentation of Financial Statements

· AASB 107: Statement of Cash Flows

· AASB 108: Accounting Policies, Changes in Accounting Estimates and Errors

· AASB 110: Events after the Balance Sheet Date

· AASB 1048: Interpretation of Standards

· AASB 1053: Application of tiers of Australian Accounting Standards

· AASB 1054: Australian Additional Disclosures

No other applicable Accounting Standards, Urgent Issues Group Interpretations or other authoritative

pronouncements of the Australian Accounting Standards Board have been applied.

The financial statements have been prepared on an accruals basis and are based on historical costs and

do not take into account changing money values or, except where stated specifically, current valuations of

non-current assets.

The following significant accounting policies, which are consistent with the previous period unless stated

otherwise, have been adopted in the preparation of these financial statements.

a. Revenue and Other Income

Revenue is measured at the fair value of the consideration received or receivable after taking into

account any trade discounts and volume rebates allowed. For this purpose, deferred consideration

is not discounted to present values when recognising revenue.

Interest revenue is recognised using the effective interest method, which for floating rate financial

assets is the rate inherent in the instrument.

Grant and sponsorship income is recognised as revenue in the year of receipt.

If conditions are attached to the grant that must be satisfied before the Association is eligible to

receive the contribution, recognition of the grant as revenue will be deferred until those conditions

are satisfied.

All revenue is stated net of the amount of goods and services tax.

b. Change in Accounting Policy

On 1 July 2016, Baseball SA entered into an agreement with the Australian Baseball League Pty

Ltd (ABL) to run and manage the stadium at West Beach and to manage the administration of the

Adelaide Bite baseball club’s home games. During the 30 April 2018 financial year, Baseball SA

continued to maintain the accounting records for income and expenditure derived from managing

and administering the Adelaide Bite baseball club’s home games, as described above, up until the

period ended 31 October 2017. For the period 1 November 2017 to 30 April 2018, all transactions

relating to the Adelaide Bite baseball club’s home games, were not accounted for in the

Association’s accounting records (for the period 1 May 2017 to 31 October 2017, the home games

transactions are accounted for in the Association’s accounting records and financial report for the

year ended 30 April 2018). Due to a change in accounting policy, the transactions derived during

the period 1 November 2017 to 30 April 2018 were instead recognised and accounted for in

separate financial records and a separate bank account that was opened by the Association on 4

October 2017. The separate accounting records and associated bank account is monitored and

reported directly to the Australian Baseball League Pty Ltd (ABL).


ABN: 14 584 177 655


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NOTE 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

c. Cash and Cash Equivalents

Cash and Cash Equivalents includes cash on hand, deposits held at call with banks, and other

short-term highly liquid investments with original maturities of three months or less.

d.

Accounts Receivable and Other Debtors

Accounts receivable and other debtors include amounts due from members as well as amounts

receivable from donors. Receivables expected to be collected within 12 months of the end of the

reporting period are classified as current assets. All other receivables are classified as non-current

assets.

e. Accounts Payable and Other Payables

Accounts payable and other payables represent the liability outstanding at the end of the reporting

period for goods and services received by the Association during the reporting period that remain

unpaid. The balance is recognised as a current liability with the amounts normally paid within 30

days of recognition of the liability.

f. Employee Provisions

Provision is made for the Association’s liability for employee benefits arising from services rendered

by employees to the end of the reporting period. Employee provisions have been measured at the

amounts expected to be paid when the liability is settled.

g.

Economic Dependency

The Association is dependent on Grants Revenue received from the Office of Recreation for the

ongoing operations of the Association. Total Grant Revenue received from the Office of Recreation

in the 30 April 2018 financial year amounted to $146,500 ($158,500 in 2017).

Should the Association not secure funding or a reduced level of funding in future years, it may

impact on the ability of the Association to continue operating as a going concern.

h.

Events After the Reporting Period

In June 2018, the ownership of the Adelaide Bite baseball team was transferred to Adelaide

Baseball Pty Ltd. As a result of this ownership transfer, during future financial years, future income

and expenditure, derived from the Adelaide Bite by South Australian Baseball League Incorporated,

will be reduced. The Association’s Administration deem the net financial impact of this ownership

transfer will be minimal to the South Australian Baseball League Incorporated.

The members are not aware of any other events, apart from those disclosed above, occurring after

the reporting period that require any consideration for the adjustment to, or additional disclosures in

the financial report.

i. Borrowing Costs

Borrowing costs directly attributable to the acquisition, construction or production of assets that

necessarily take a substantial period of time to prepare for their intended use or sale are added to

the cost of those assets, until such time as the assets are substantially ready for their intended use

or sale. All other borrowing costs are recognised as expenses in the period in which they are

incurred.


ABN: 14 584 177 655


Page 11 of 16

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2018 NOTE 2: INCOME

2018

$

2017

$

ADMINISTRATION INCOME

Interest Received 3,382 2,279

Misc. Income 21,369 20,682

BSA Revenue 17,584 38,023

42,335 60,984

EVENTS INCOME

Capps Medal 25,777 21,358

Development & Coaching Income 52,382 85,570

Youth Income 255,563 299,940

Misc. Events 34,785 41,782

368,507 448,650

GRANT INCOME

Grant Revenue – South Australian State Government 146,500 158,500

146,500 158,500

MEMBERSHIP INCOME

Club Levies & Insurance 249,180 238,106

Umpire Income 62,168 55,661

311,348 293,767

SPONSORSHIP & DONATIONS

Sponsorships & Donations 9,141 12,694

9,141 12,694

ADELAIDE BITE INCOME

Concession Revenue 10,217 19,018

AB Sponsorships 35,000 14

Financial Contribution 53,960 153,547

99,177 172,579


ABN: 14 584 177 655


Page 12 of 16

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2018 NOTE 3: EXPENSES

2018

$

2017

$

ADMINISTRATION EXPENSES

Accounting & Audit 20,015 25,146

Advertising & Promotions 2,400 2,711

AGM Expenses 2,259 1,185

Bad Debt Written Off 1,727 1

Bank Charges 2,564 1,760

Board Expenses 6,610 2,545

Computers & Internet 8,250 4,068

Depreciation 2,338 2,806

Loss on Disposal - 20,359

Impairment to Loans Receivables 20,000 -

Insurance 1,047 3,178

Leasing Expenses 2,256 2,256

Office Expenses 16,320 14,256

Payroll Including on-costs 290,277 260,510

Running Costs – Diamond Sports SA 75,286 124,584

Telephone 13,021 18,909

Travel Expenses 12,291 7,048

Interest Expense - 399

476,661 491,721

EVENT EXPENSES

Capps Medal 24,058 27,270

Development & Coaching Expenses 11,932 11,435

Misc. Events Expenses 11,742 4,707

Youth Expenses 280,710 245,563

Woman’s League & Championships 39,491 51,156

367,933 340,131

MEMBERSHIP EXPENSES

Affiliation & Registration 727 200

Scorers Expenses 2,648 205

Umpire Expenses 75,912 65,453

79,287 65,858


ABN: 14 584 177 655


Page 13 of 16

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2018

2018

$

2017

$

ADELAIDE BITE EXPENSES

Concession Expenses 765 13,271

Game Day Expenses 9,772 38,501

Security - 10,223

Bump in & out 178 2,981

Ground Maintenance 276 6,728

Cleaning - 5,654

Player Meals 615 9,068

Promotions 251 5,760

Medical Team 115 -

Social Media 2,304 1,320

Print - 2,860

Postage, Stationary - 446

Landlines 241 1,000

Mobiles 1,258 870

Subscriptions 72 -

Internet - 563

Misc. Expense 9,048 1,129

Staff Fuel Parking 468 1,868

Sponsorship Costs 32,520 4,509

Staff Meetings 86 491

Stadium Rent - 15,000

Utilities 44 2,991

Coaches 5,594 14,277

Coaches – EO 30 -

Physio 727 -

Coaches – Per Diem 4,020 6,075

MLB Club Costs 13,221 47,386

Playoff Costs - 396

81,604 193,317


ABN: 14 584 177 655


Page 14 of 16


NOTE 4: CASH & CASH EQUIVALENTS

2018

$

2017

$

Cash at Bank 224,945 390,217

Term Deposit 251,681 -

476,626 390,217

NOTE 5: PROPERTY, PLANT & EQUIPMENT

Sporting Equipment 600 92,726

Less Accumulated Depreciation 600 92,726

- -

Office Furniture & Equipment 5,748 61,540

Less Accumulated Depreciation 4,524 60,704

1,224 836

1,224 836

NOTE 6: LOAN – DIAMOND SPORTS INC.

Current Asset

Loan – Diamond Sports Inc. - -

- -

Non-current Asset

Loan – Diamond Sports Inc. 20,000 20,000

Allowance for Doubtful Receivable Loan (20,000) -

- 20,000

This loan receivable from Diamond Sports Inc. was reclassified as a Non-Current Asset as at 30 April 2017

given the amount is not expected to be received within 12 months of the reporting date. During the 30 April

2018 financial year, an Allowance for Doubtful Receivable Loan was recognised for the full amount of the

Loan from Diamond Sports Inc. as the Board assessed that this amount is not recoverable as at the

reporting date.


ABN: 14 584 177 655


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NOTE 7: TRADE PAYABLES

2018

$

2017

$

PAYG Withholding Payable 15,927 29,838

Payments Received in Advance 13,200 -

Visa Card 1,541 4,064

Trade Creditors 108,782 62,393

Superannuation & WorkCover Payable 2,095 1,954

GST Payable 837 2,815

142,382 101,064

NOTE 8: BORROWINGS

Current Liability

Loan – Australian Baseball Federation Inc. 53,125 15,625

53,125 15,625

Non-current Liability

Loan – Australian Baseball Federation Inc. 21,875 59,375

21,875 59,375

The loan from the Australian Baseball Federation Inc. is an interest-free loan. This loan was provided to the

South Australian Baseball League Inc. for the specific purpose of purchasing grandstand seating for the

West Beach baseball facility. There are no other undrawn loans held by the South Australian Baseball

League Inc. The repayment of the loan was due to commence in December 2017 and to be repaid by no

later than the 5th of December 2019.

NOTE 9: MEMBERS’ FUNDS

RETAINED EARNINGS

Opening Accumulated Funds 293,746 287,602

Transfer from/(to) Reserve Account 19,651 (50,000)

Net Profit / (Loss) for the Period (28,477) 56,144

Closing Net Accumulated Funds 284,961 293,746

WEST BEACH FACILITY UPGRADES RESERVE

Opening 50,000 -

Transfer from/(to) Accumulated Funds (19,651) 50,000

Closing 30,349 50,000


ABN: 14 584 177 655


Page 16 of 16

Baseball SA created an Equity Reserve account in the Statement of Financial Position totalling $50,000 as at 30

April 2017 to demonstrate that surplus funds generated from operating activities undertaken during the 2016/17

financial year are to be applied for the express purpose of funding future redevelopment and upgrade costs

associated with the West Beach Facility upgrade. The reserve account has been included in the Statement of

Changes in Equity and disclosed as the West Beach Facility Upgrade Reserve. During the 2017/18 financial year,

a portion of the funds in the West Beach Facility Upgrade Reserve were transferred to Accumulated Funds as

these costs were realised in the 2017/18 financial year.

Note 10: CONTINGENT LIABILITIES AND CONTINGENT ASSETS

There were no Contingent Liabilities or Contingent Assets to be reported.

NOTE 11: ASSOCIATION DETAILS

The registered office and principal place of business of the Association is:

The South Australian Baseball League Incorporated

Barratt Reserve, 2 W Beach Road

WEST BEACH SA 5024

Liability limited by a scheme approved under Professional Standard Legislation

INDEPENDENT AUDIT REPORT TO THE MEMBERS OF THE SOUTH AUSTRALIAN BASEBALL LEAGUE INC.

Opinion

We have audited the accompanying financial report, being a special purpose financial report of the South Australian Baseball

League Inc. (the Association), which comprises Board’s Report, the Statement by Members of the Board, the Profit and Loss

Statement, the Statement of Financial Position, the Statement of Changes in Equity, the Statement of Cash Flows and a summary

of significant accounting policies and other explanatory notes for the year ended 30 April 2018

In our opinion the financial report of the Association presents fairly, in all material respects, the financial position of the

Association as at 30 April 2018, and of its financial performance for the year then ended in accordance with the accounting

policies used and described in Note 1 to the financial report and the Associations Incorporation Act (SA) 1985.

Basis of Opinion

We conducted our audit in accordance with Australian Auditing Standards. Our responsibilities under those standards are further

described as in the Auditor’s Responsibilities for the Audit of the Financial Report section of our report. We are independent of

the Association in accordance with the auditor independence requirements of the ethical requirements of the Accounting

Professional and Ethical Standards Board’s APES 110 Code of Ethics for Professional Accountants (the Code) that are relevant to

our audit of the financial report in Australia. We have also fulfilled our other ethical responsibilities in accordance with the Code.

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

Emphasis of Matter – Basis of Accounting

We draw attention to Note 1 of the financial report, which describes the basis of accounting. The financial report is prepared for

distribution to members for the purpose of fulfilling the Board’s financial reporting requirements under the Associations

Incorporation Act (SA) 1985. As a result the financial report may not be suitable for another purpose. Our report is intended solely

for the Association and should not be distributed to or used by parties other than the Association. Our opinion is not modified in

respect of this matter.

Other Matter

We draw attention to the Significant Changes section of the Board’s Report and Note 1(b) in the financial report, which details

that for the period 1 November 2017 to 30 April 2018, all transactions relating to the Adelaide Bite baseball club’s home games,

were not accounted for in the Association’s accounting records (for the period 1 May 2017 to 31 October 2017, the home games

transactions are accounted for in the Association’s accounting records and financial report for the year ended 30 April 2018). Due

to a change in accounting policy, the transactions derived during the period 1 November 2017 to 30 April 2018 were instead

recognised and accounted for in separate financial records and a separate bank account that was opened by the Association on

4 October 2017. The separate accounting records and associated bank account is monitored and reported directly to the

Australian Baseball League Pty Ltd (ABL).

The financial records relating to the Adelaide Bite operations as from 1 November 2017 to 30 April 2018, and the associated bank

account described above, has not been included in the scope of the external audit conducted. During the year ended 30 April

2018, the Association earnt $15,000 from the ABL for managing the administration of the Adelaide Bite baseball club’s home

games. This income is included within the Profit and Loss Statement for the year ended 30 April 2018.

2

Responsibilities of Management and Those Charged with Governance

Management is responsible for the preparation and fair presentation of the financial report in accordance with the accounting

policies used and described in Note 1 to the financial statements and the financial reporting requirements of the Associations

Incorporation Act (SA) 1985, and for such internal control as the management determines is necessary to enable the preparation

of the financial report is free from material misstatement, whether due to fraud or error.

In preparing the financial report, management is responsible for assessing the Association’s ability to continue as a going concern,

disclosing, as applicable, matter related to going concern and using the going concern basis of accounting unless management

either intends to liquidate the Association or to cease operations, or has no realistic alternative but to do so.

Those charged with governance are responsible for overseeing the Association’s financial reporting process.

Auditor’s Responsibilities for the Audit of the Financial Report

Our objectives are to obtain reasonable assurance about whether the financial report as a whole is free from material

misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is

a high level of assurance, but is not a guarantee that the audit conducted in accordance with the Australian Auditing Standards

will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered

material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken

on the basis of financial report.

As part of an audit in accordance with the Australian Auditing Standards, we exercise professional judgement and maintain

professional scepticism throughout the audit. We also:

· Identify and assess the risks of material misstatement of the financial report, whether due to fraud or error, design and

perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to

provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than

for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the

override of internal control.

· Obtain an understanding of internal control relevant to the audit 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

Association’s internal control.

· Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related

disclosures made by management.

· Conclude on the appropriateness of the management’s use of the going concern basis of accounting and, based on the

audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant

doubt on the Association’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we

are required to draw attention in our auditor’s report to the related disclosures in the financial report or, if such

disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the

date of our auditor’s report. However, future events or conditions may cause the Association to cease to continue as a

going concern.

· Evaluate the overall presentation, structure and content of the financial report, including the disclosures, and whether

the financial report represents the underlying transactions and events in a manner that achieves fair presentation.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the

audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit

DEAN NEWBERY & PARTNERS

CHARTERED ACCOUNTANTS

JOHN JOVICEVIC

PARTNER

Signed on the 20th day of June 2018,

at 214 Melbourne Street, North Adelaide 5006

Documents

South Australian Baseball League IncorporatedThe South Australian Baseball League Inc. (Baseball SA) is the governing body of the amateur baseball league within South Australia. Baseball