Arhag Annual Report 2019/2020

The Arhag Board acknowledges its ultimate responsibility for ensuring that the Association has in place a system of control that is appropriate to the various business environments in which it operates. In addition, the Board certifies that the Association complies with the Governance and Financial Viability standard and the National Housing Federation code of governance. The Board has prepared the Association’s Financial Statements in accordance with applicable law and 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”. The Co-operative and Community Benefit Societies Act 2014 and the Housing and Regeneration Act 2008 require the Board to prepare financial statements for each financial year. The Board is responsible for ensuring that the financial statements prepared give a true and fair view of the Financial Position of the Association as at the end of the financial year and the Comprehensive Income for Association for the year ended on that date. In preparing these financial statements, the Board is required to: • Select suitable accounting policies and then apply them consistently. • Make judgements and estimates that are reasonable and prudent; and • Prepare the accounts on the going concern basis unless it is inappropriate to presume that the Association will continue in business. The Board is responsible for ensuring that arrangements are made for keeping proper books of account with respect to the Association’s transactions and its assets and liabilities and for maintaining a satisfactory system of control over the Association’s books of account and transactions. The records must be sufficient to show and explain the Association’s transactions and disclose with reasonable accuracy at any time the financial position of the Association and enable the Financial Statements to comply with the Co-operative and Community Benefit Societies Act 2014 and the Housing and Regeneration Act 2008. The Board is also responsible for ensuring that arrangements are made to safeguard the assets of the Association and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The Board is also responsible for the maintenance and integrity of the corporate and financial information which is included on the Association’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. Statement of Disclosure to Auditors In the case of each person who was a member of the Board at the time this report was approved: a) So far as that member is aware, there was no available information of which the Association’s auditors were unaware; and b) That member had taken all steps that he or she ought to have taken as a member of the Board to make himself or herself aware of any relevant audit information and to establish that the Association’s auditors were aware of that information. Post Balance Sheet Events There have been no significant events between the year-end date and the date of approval of these Financial Statements which would require an adjustment to or disclosure in the Financial Statements. The report of the Board was approved on 24th September 2020 and signed on its behalf by: Qadeer Kiani Chair “The Board has prepared the Association’s Financial Statements in accordancewith applicable lawand United Kingdom Accounting Standards.” Annual Report 2019-2020 29