:: Statement of Financial Performance 2006/2007 :: Detailed income and Expenditure for 2006/2007 :: Balance Sheet as at 31 March 2007

Statement of Board of Management Responsibilities

Housing Association legislation requires the Board of Management to prepare the financial statements for each financial year to give a true and fair view of the state of the Association as at the end of the financial year and the income and expenditure of the Association for the year ended on that date. In preparing those financial statements, suitable accounting policies have been used, framed to the best of the Board's knowledge and belief, by reference to reasonable and prudent judgements and estimates and are applied consistenly. Applicable accounting standards have been followed. The Board are also required to indicate where the financial statements are prepared other than on the basis that the Association is a going concern.

The board is responsible for ensuring that arrangements are made for keeping proper books of account with respect to the Association's accounts and transactions. 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.