Slavery and Human Trafficking Statement
Slavery and forced labour can take many forms, including human trafficking and child labour. Accord Housing Association will
not tolerate forced labour or child labour in any aspect of our business. We hold ourselves and our supply chains accountable
with respect to compliance with the provisions of the Modern Slavery Act 2015 in our work.
Accord’s commitment to environmental matters
Accord remains committed to being at the forefront on delivering innovative service delivery solutions which im pact favourably
on our environment and communities. As part of this commitment we have accomplished a number of key achievements:
n Accord became one of the first housing associations in the country to obtain the ISO14001 Environmental Management
Standard. This accreditation was recertified following a successful stringent audit process.
n Environmental factors are considered and all key project investment decisions are considered by the Association’s Project
Approval Panel.
n We are already committed to the development of high quality, highly efficient timber frame homes at our LoCaL Homes factory.
These homes are generally 50% more efficient when compared to traditionally built homes. These homes will continue to
supply Accord’s development programme.
Accounting policies
The principal accounting policies are set out in note 1 to the Financial Statements. The most critical accounting policies in
terms of impact on the financial statements are the treatment of fixed asset component replacements, depreciation, capital
grants, and the capitalisation of interest and development staff costs within housing properties. Where necessary and
appropriate accounting policies have been updated to ensure the requirements of FRS 102 are met.
Principal accounting policies have been updated to include significant accounting judgements and estimates that management
have made which have the most significant effect on the amounts recognised in the financial statements. Significant
judgements relate to the impairment of housing property fixed assets, the treatment of financial instruments where loans
contain early repayment clauses and the impairment of investments and goodwill. Accounting estimates relate to the useful
lives of depreciable assets where management reviews its estimate at each reporting date based on the expected utility of the
assets.
Charitable donations
Accord made donations to charitable organisations of £3,890 during the year (2016: £2,279).
Financial Statements 2017
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