INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF
ACCORD HOUSING ASSOCIATION LIMITED
Opinion
We have audited the financial statements of Accord Housing Association Limited (the ‘society’) for the year ended 31 March
2018 which comprise the Statement of Comprehensive Income, Statement of Financial Position, Statement of Changes in
Reserves and the Statement of Cash Flows and the notes to the financial statements, including a summary of significant
accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United
Kingdom Accounting Standards including Financial Reporting Standard 102; The Financial Reporting Standard applicable in the
UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
n give a true and fair view of the state of the society’s affairs as at 31 March 2018 and of its income and expenditure for the year
then ended;
n have been properly prepared in accordance with the 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 2015.
Basis for opinion
We have been appointed as auditor under the Co-operative and Community Benefit Societies Act 2014 and report in
accordance with regulations made under that Act. We conducted our audit in accordance with International Standards on
Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s
responsibilities for the audit of the financial statements section of our report. We are independent of the society in accordance
with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical
Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the
audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Who we are reporting to
This report is made solely to the society’s members, as a body, in accordance with regulations made under Section 87 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.
Conclusions relating to going concern
We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to report to you
where:
n the board’s use of the going concern basis of accounting in the preparation of the financial statements is not appropriate; or
n the board has not disclosed in the financial statements any identified material uncertainties that may cast significant doubt
about the society’s ability to continue to adopt the going concern basis of accounting for a period of at least twelve months
from the date when the financial statements are authorised for issue.
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Accord Housing Association