REHABAID SOCIETY REPORT AND STATEMENT OF INCOME AND EXPENDITURE FOR THE GENERAL CHARITABLE FUND-RAISING ACTIVITY HELD ON NOVEMBER 23, 2014 (PERMIT NO.: 2014/320/1) Tyrone Chiu C.P.A. Limited Certified Public Accountants CONTENTS PAGE(S) Independent Auditor's Report 1-2 Statement of lncome and Expenditure 3 Notes to the Statement of lncome and Expenditure 4 INDEPENDENT ASSURANCE REPORT TO THE BOARD OF DIRECTORS OF REHABAID SOCIETY ("the Permittee") Public Subscription Permit No: 2014/320/1 Pursuant to the conditions stated in the Public Subscription Permit issued by the Social Welfare Department of the Government of the Hong Kong Special Administrative Region ("SWD"), we have been requested to report on the attached income and expenditure account of the Permittee's general charitable fund-raising activity held November 23,2014 ("the Event"). Respective responsibilities of the directors and practitioner The directors are responsible for preparing the attached income and expenditure account in accordance with the basis of preparation set out in note 3, setting out the gross subscriptions raised from the Event and the expenses incurred in connection with the Event, in order to comply with the conditions stated in the Public Subscription Permit issued by the SWD. This responsibility includes designing, implementing and maintaining internal controls relevant to the preparation and presentation of the income and expenditure account so that it reflects the subscriptions raised and expenses incurred in connection with the Event and is free from material misstatement. It is our responsibility to form a conclusion on the attached income and expenditure account, based on our engagement, and to report our conclusion to you. Basis of conclusion We conducted our engagement in accordance with Hong Kong Standard on Assurance Engagements 3000 "Assurance Engagements Other Than Audits or Reviews of Historical Financial Information" and with reference to Practice Note 850 "Reporting on Flag days and General Charitable Fund-raising Activities Covered by Public Subscription Permits issued by the Social Welfare Department" issued by the Hong Kong Institute of Certified Public Accountants. The work undertaken in connection with this engagement is less in scope than an audit conducted in accordance with Hong Kong Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. Furthermore, due to the nature of cash receipts and expenses relating to the Event, it was not practicable for us to determine whether the income and expenditure account and the books and records of the Permittee include all transactions relating to the Event. It was impracticable for us to quantify the potential impact of this on the income and expenditure account. Accordingly, our report relates solely to the income and expenditure account prepared from transactions that have been recorded in the Permittee's books and records. Our engagement included carrying out limited procedures for obtaining sufficient appropriate evidence to be able to draw a conclusion, such as inquiries primarily of persons responsible for financial and accounting matters and other procedures we considered necessary. Conclusion Based on the foregoing, we report that nothing has come to our attention that causes us to believe that the attached income and expenditure account does not reflect, in all material respects, the gross subscriptions raised and the expenses incurred by the Permittee in respect of the Event that have been recorded in its books and records made available to us in accordance with the basis of preparation set out in note 3. Use of report This report is intended solely for the purpose of assisting the Permittee to satisfy the conditions stated in the Public Subscription Permit issued by SWD in connection with the Event and is not intended to be, and should not be, used for any other purpose. We agree that a copy of this report may be provided to the Director of Social Welfare without further comment from us. Tyrone Chiu C.P.A. Limited Certified Public Accountants Chiu Wai Hon, Tyrone Practicing Certificate Number: P00847 Hong Kong June 3, 2015 (Expressed in Hong Kong Dollars) Note HK$ Income 6,215 Expenditure 4 -- Surplus for the activity 6,215 Approved and authorized to issue by the Board of Directors on June 3, 2015. (signature) (signature) Director Director The notes on page 4 form part of these income and expenditure statement. (Expressed in Hong Kong Dollars) 1. Purpose of activity The purpose of the fund raising activity was to raise funds for the operation cost of Rehabaid Society and provision of rehabilitation service to the needy. 2. 2. Statement of compliance The statement has been prepared in accordance with the accounting policies set out in note 3 and the requirements set by the agreement made between Social Welfare Department and the Permittee. 3. 3. Summary of significant accounting policies Basis of preparation The income and expenditure statement has been prepared on the historical cost basis. Income recognition Income is recognized when the Permittee's right to receive payment has been established. 4. Expenditures All expenditures of the fund raising activity were borne by the Society.