Page 26 - Broadland Housing Financial Report 78pp A4

Independent auditor’s

report to the members

of Broadland Housing

Association

Opinion Conclusions relating to going concern

We have audited the financial statements of Broadland We have nothing to report in respect of the following
Housing Association (the ‘Association’) and its subsidiaries matters in relation to which the ISAs (UK) require us to report
(the ‘Group’) for the year ended 31 March 2020, which to you where:
comprise Consolidated and Association Statement of • t he Board’s use of the going concern basis of
Comprehensive Income, Consolidated and Association accounting in the preparation of the financial
Statement of Financial Position, Consolidated and statements is not appropriate
Association Statement of Changes in Reserves,
Consolidated Statement of Cashflows and notes to the or
financial statements, including a s ummary of significant • t he Board has not disclosed in the financial statements
accounting policies. The financial reporting framework that any identified material uncertainties that may cast
has been applied in their preparation is applicable law and significant doubt about the group’s or the Association’s
United Kingdom Accounting Standards, including FRS 102 ability to continue to adopt the going concern basis
“The Financial Reporting Standard applicable in the UK and of accounting for a p eriod of at least twelve months
Republic of Ireland” (United Kingdom Generally Accepted from the date when the financial statements are
Accounting Practice). authorised for issue.

In our opinion the financial statements:
• g ive a t rue and fair view of the state of the Group’s and Other information
Association’s affairs as at 31 March 2020 and of the The other information comprises the information included in
income and expenditure of the Group and the income and the annual report, other than the financial statements and our
expenditure of the Association for the year then ended auditor’s report thereon. The Board is responsible for the
• h ave been properly prepared in accordance with United other information. Our opinion on the financial statements
Kingdom Generally Accepted Accounting Practice does not cover the other information and we do not express
any form of assurance conclusion thereon.
• h ave been prepared in accordance with the requirements
of the Co-operative and Community Benefit Societies Act In connection with our audit of the financial statements,
2014, Co-operative and Community Benefit Societies our responsibility is to read the other information and,
(Group Accounts) Regulations 1969, the Housing and in doing so, consider whether the other information is
Regeneration Act 2008 and the Accounting Direction for materially inconsistent with the financial statements or our
Private Registered Providers of Social Housing 2019. knowledge obtained in the audit or otherwise appears to be
materially misstated. If we identify such material
Basis for opinion inconsistencies or apparent material misstatements,
we are required to determine whether there is a m aterial
We conducted our audit in accordance with International misstatement in the financial statements or a m aterial
Standards on Auditing (UK) (ISAs (UK)) and applicable law. misstatement of the other information. If b ased on the work
,
Our responsibilities under those standards are further we have performed, we conclude that there is a m aterial
described in the Auditor’s responsibilities for the audit of misstatement of this other information, we are required to
the financial statements section of our report. report that fact. We have nothing to report in this regard.
We are independent of the group and parent association in
accordance with the ethical requirements that are relevant to Matters on which we are required to
,
our audit of the financial statements in the UK i ncluding the report by exception
FRC’s Ethical Standard, and we have fulfilled our other ethical
responsibilities in accordance with these requirements. We have nothing to report in respect of the following matters
We believe that the audit evidence we have obtained is where the Co-operative and Community Benefit Societies Act
sufficient and appropriate to provide a b asis for our opinion. 2014 requires us to report to you if i n , o ur opinion:

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