Independent auditor’s report to the members
of Accord Housing Association Limited
We have audited the financial statements of Accord Housing
Association Limited for the year ended 31 March 2016
which comprise the Group and Association’s statements of
comprehensive income, the Group and Association’s statements
of financial position, the Group statement of cash flows, the Group
and Association’s statements of changes in reserves and the
related notes. The financial reporting framework that has been
applied in their preparation is applicable law and United Kingdom
Accounting Standards (United Kingdom Generally Accepted
Accounting Practice).
This report is made solely to the housing association’s members,
as a body, in accordance with regulations made under Section 87
and 98 (7) of the Co-operative and Community Benefit Societies
Act 2014. Our audit work has been undertaken so that we might
state to the society’s members those matters we are required to
state to them in an auditor’s report and for no other purpose. To
the fullest extent permitted by law, we do not accept or assume
responsibility to anyone other than the society and the society’s
members as a body, for our audit work, for this report, or for the
opinions we have formed.
Respective responsibilities
of the board and auditors
As explained more fully in the Statement of Board’s
Responsibilities set out on page 66, the board is responsible for
the preparation of the financial statements which give a true and
fair view. Our responsibility is to audit and express an opinion
on the financial statements in accordance with applicable law
and International Standards on Auditing (UK and Ireland). Those
standards require us to comply with the Auditing Practices Board’s
(APB’s) Ethical Standards for Auditors.
Opinion on financial statements
In our opinion the financial statements:
n give a true and fair view of the state of the group and parent
society’s affairs as at 31 March 2016 and of the group and
association’s income and expenditure for the year then
ended;
n have been properly prepared in accordance with the United
Kingdom Accounting Standards (United Kingdom Generally
Accepted Accounting Practice) including FRS 102 The
Financial Reporting Standard applicable in the UK and
Republic of Ireland; and
n have been properly prepared in accordance with Co-operative
and Community Benefit Societies Act 2014, the Housing
and Regeneration Act 2008 and the Accounting Direction for
Private Registered Providers of Social Housing from April 2015
and the Statement of Recommended Practice: Accounting by
Registered Social Housing Providers 2014.
Matters on which we are required to report by exception
We have nothing to report in respect of the following matters
where the Co-operative and Community Benefit Societies Act
2014 requires us to report to you if, in our opinion:
n a satisfactory system of control over transactions has not
been maintained; or
n the parent society has not kept proper accounting records; or
n the financial statements are not in agreement with the books
of account; or
n we have not received all the information and explanations we
need for our audit.
Scope of the audit of the financial statements
A description of the scope of an audit of financial statements is
provided on the Financial Reporting Council’s website at
www.frc.org.uk/auditscopeukprivate
Grant Thornton UK LLP
Statutory Auditor, Chartered Accountants
Bristol, England
68
Accord Group