GOING CONCERN
The Association’s business activities, its current financial position and factors likely to affect its future development are set
out within the Board Report and Operating and Financial Review. The Association has in place long-term debt facilities which
provide adequate resources to finance committed reinvestment and development programmes, along with the Association’s day
to day operations. The Association also has a long-term business plan which shows that it is able to service these debt facilities
whilst continuing to comply with lenders’ covenants. The Association maintains sufficient liquidity to meet ongoing cash flow
requirements.
On this basis, the Board has a reasonable expectation that the association has adequate resources to continue in operational
existence for the foreseeable future, being a period of at least twelve months after the date on which the report and financial
statements are signed. For this reason, it continues to adopt the going concern basis in the financial statements.
AUDITORS
A resolution to undertake a tender exercise for the appointment of the statutory auditors of Accord Housing Association for the
ensuing year will be proposed at the 2018 Annual General Meeting.
On behalf of the Board
Mrs Elisabeth Buggins (Chair)
Date: 12 July 2018
Mr Stuart Fisher (Executive Director of Resources)
Date: 12 July 2018
Financial Statements 2018
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