Zero Emissions Noosa Inc. (ZEN Inc.) Annual Report · ATTACHMENT 1_ZEN Inc. Report on Partnership Alliance Agreement to Council 2024

   Auditor's Report
   Zero Emissions Noosa Inc
   For the year ended 31 December 2024

  Independent Auditors Report to the members of the Association

We have audited the accompanying financial report, being a special purpose financial report, of Zero
    Emissions Noosa
Inc (the association), which comprises the committee’s report,the assets and liabilities statement as at
    31 December 2024, the income and expenditure statement for the year then ended, cash flow
    statement, notes comprising a summary of significant accounting policies and other explanatory
    information, and the certification by members of the committee on the annual statements giving a
    true and fair view of the financial position and performance of the association.

  Committee’s Responsibility for the Financial Report

The committee of Zero Emissions Noosa Inc is responsible for the preparation and fair presentation of
   the financial report, and has determined that the basis of preparation described in Note 1 is
   appropriate to meet the requirements of the Associations Incorporation Act QLD and is
   appropriate to meet the needs of the members. The committee’s responsibility also includes such
   internal control as the committee determines is necessary to enable the preparation and fair
   presentation of a financial report that is free from material misstatement, whether due to fraud or
   error.

  Auditor’s Responsibility
Our responsibility is to express an opinion on the financial report based on our audit. We have
   conducted our audit in accordance with Australian Auditing Standards. Those standards require
   that we 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 judgment, including the
   assessment of the risks of material misstatement of the financial report, whether due to fraud or
   error. In making those risk assessments, the auditor considers internal control relevant to the
   association’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 association’s internal control. An audit also includes evaluating
   the appropriateness of accounting policies used and the reasonableness of accounting estimates
   made by the 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.
  Opinion
In our opinion, the financial report presents fairly, in all material respects (or gives a true and fair view
    –refer to the applicable state/territory Act), the financial position of Zero Emissions Noosa Inc as
    at 31 December 2024 and (of) its financial performance for the year then ended in accordance
    with the accounting policies described in Note 1 to the financial statements, and the requirements
    of the Associations Incorporation Act QLD.

  Basis of Accounting and Restriction on Distribution

Without modifying our opinion, we draw attention to Note 1 to the financial statements, which describes
   the basis of accounting. The financial report has been prepared to assist Zero Emissions Noosa Inc
   to meet the requirements of the Associations Incorporation Act QLD. As a result, the financial
   report may not be suitable for another purpose.
   Association     Zero Emissions Noosa                                                                Page 8 of
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