Going concern
The Board has reviewed the budget, five year financial plan, borrowing facilities, funding requirements and forward projections.
At 31 March 2016, the Group has £66.8 million of available funding facilities in place which is more than sufficient to meet the Group’s
strategic growth ambitions and development plans. The 2016/17 forecasts Group surpluses of c£6.5 million, with further growth projected
over the life of the business plan. On the basis of this review, the Board is satisfied that the Association and Group is a going concern and
has continued to adopt the going concern basis in preparing the financial statements.
Auditors
A resolution for the re-appointment of Grant Thornton UK LLP as auditors of Accord Housing Association and its Subsidiaries will be
proposed at the 2016 Annual General Meeting.
On behalf of the Board
A. Parikh
(Chairman)
21 July 2016
S. Fisher
(Executive Group Finance Director)
21 July 2016
Financial Statements 2016
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