Page 81 - Safaricom Foundation Annual Report 2020-2021

REPORT OF THE INDEPENDENT AUDITOR
TO THE TRUSTEE OF SAFARICOM FOUNDATION
REPORT ON THE THE AUDIT OF THE THE FINANCIAL STATEMENTS
Opinion
We have audited the the accompanying financial statements of Safaricom Foundation Foundation (the Foundation) set out on on on pages 7 to 16 which comprise the the the statement statement statement of of financial position as at at at at 31 March 2021 and and and the the the statement statement statement of of surplus and and and deficit and and and other comprehensive income statement statement statement of of of changes in fin in in fund balance and and statement statement of of of cash flows for the the the year then ended and and notes to the the the financial statements including a a a a a a a a a a a a a summary of of of significant accounting policies In our opinion the the the financial financial statements present fairly in fin in fin all material respects the the the financial financial position of the the the foundation as at at at at 31 March 2021 and its financial performance and and cash flows for for the the year then ended fin in in in accordance with International Financial Reporting Standards Basis for Opinion
We conducted our audit in in accordance with International Standards on on on on Auditing (ISAs) Our responsibilities under those standards are further described in in in the the the the Auditor’s Responsibilities for the the the the Audit Audit of of of the the the the Financial Statements section of of of our report We are independent of of of the the the the foundation in accordance with the International Ethics Ethics Standards Board for for for Accountants’ Code Code for for for Ethics Ethics for for for Professional Accountants Accountants (IESBA Code) and and other independence requirements applicable to performing audits of of financial statements of of the the foundation and in in fin in Kenya We have fulfilled our other other ethical ethical responsibilities in in in accordance accordance with with the the the IESBA Code and in in in accordance accordance with with other other ethical ethical requirements applicable to performing audits of the the foundation and and in in Kenya We believe that the the audit audit evidence we have obtained is is sufficient and and appropriate to provide a a a a a a a a a a a a a basis for our opinion Other Matter
The financial statements of the the the foundation for the the the year ended 31 March 2020 were audited by another auditor whose report dated 7 August 2020 expressed an unmodified opinion Other Information
The The trustees are responsible for for for for the the the the the other other information information information The The other other information information information comprises the the the the the information information information included in in in in in the the the the the annual report but does not include the the financial statements and our auditor’s report thereon Our opinion opinion on on on on the the the financial statements does not not cover the the the other information and we do do not not express an an an an an audit opinion opinion or or or any form form of assurance conclusion thereon In connection with our our audit of the the the the financial statements our our responsibility is to read the the the the other information and fin in in in doing so consider whether the the the the the other other information is is is materially inconsistent with the the the the the financial statements or or or our knowledge obtained in in fin in in the the the the the audit or or or otherwise appears to be materially misstated If based on on on the the the work we we we have performed we we we conclude that there is is is is a a a a a a a a a a a material material misstatement of this other information we we we are required to to report report that fact We have nothing to to report report in in this regard Responsibility of the the Trustees for the the Financial Statements The trustees are responsible for the the preparation and fair presentation of the the financial statements fin in in accordance with International Financial Reporting Standards and and for such internal control as the the trustees determine is necessary to enable the the preparation of financial statements that are are free from material misstatement whether due to fraud or or or error In preparing the the the financial statements the the the trustees are are responsible for assessing the the Foundation’s ability to to continue as as a a a a a a a a a a going going going concern concern concern disclosing as as applicable matters related to to going going going concern concern concern and using the the going going going concern concern concern 78