REPORT OF THE BOARD AND OPERATING FINANCIAL REVIEW
Introduction
The Board of Management (The Board) presents its report and audited financial statements for Accord Housing Association
(Accord) for the year ended 31 March 2018. The principal activity of Accord Housing Association is the provision and management
of housing and appropriate support services for people in need.
Whilst continuing to operate in a financially challenging external environment Accord has continued to demonstrate strong
financial performance, once again posting record surpluses. These surpluses are ploughed back into existing services and
communities and are used to finance the ongoing development of new homes.
Accord has responded well to the continuing pressure of public sector finances which has historically led to increased pressure
on pricing and service continuity for Local Authorities and other commissioning bodies. Throughout this period of change in the
financial operating environment of the public sector, Accord has worked to protect services for the benefit of communities and
commissioning bodies alike. This has been achieved through working proactively to understand the needs of Accord’s customers
and communities to continue to develop innovative service models which support those members of society in most need whilst
ensuring demonstrable value for money.
2017/18 saw the first year of Accord benefiting from operating under its simplified organisational structure. The revised structure
has facilitated leaner operating models which has led to Accord redoubling its efforts to provide excellent customer focused
services.
Delivering the social obligations which lie at the heart of Accord’s values and objectives have been successfully balanced with
a responsible approach to financial management. Whilst remaining financially strong, Accord has delivered significant housing
and care services to over 80,000 people in our communities and has continued to support the Government in the delivery of new
housing supply.
Corporate Governance
Accord is controlled and governed through the Board which comprises the following non-executive members and one executive
member.
Membership Details
Accord Board
Finance, Risk
and Audit
Committee
Communities
Committee
Care and Support
Committee
Remuneration
Committee
Elisabeth Buggins CBE
Chair/NED
Andrew Cardoza
NED
Chair
Andrew Potter
NED
Alan Harrison
NED
Jon Crockett
Deputy Chair/NED
Chair
Lola Abudu
NED
Simon Eastwood
NED Chair
Stephen Gabriel
NED Chair
Ninder Johal
NED
Mushtaq Khan
NED
Chris Handy
ED
NED – Non Executive Director
4
Accord Housing Association
ED – Executive Director