b'CHP financial statements 2020/2021Statement of Directors responsibilities Board Directors are responsible for preparing the StrategicBoard Directors are responsible for keeping adequate Report, the Directors Report and financial statements toaccounting records to show and explain the associations meet legislation and regulations.transactions and disclose with reasonable accuracy, at any They have achieved this in accordance with UK accountingtime, the financial position of the association. standards and applicable law (UK Generally AcceptedThey must ensure that the financial statements comply Accounting Practice) including FRS 102 The Financialwith the Companies Act 2006, the Housing and Reporting Standard applicable in the UK and Republic Regeneration Act 2008 and the Accounting Direction for of Ireland.Private Registered Providers of Social Housing 2015. In Under association law Board Directors must not approveaddition, they are responsible for various internal controls financial statements unless they are satisfied, they are ato enable the preparation of financial statements that are true and fair picture of our situation and of the surplusfree from material misstatement, whether due to fraud or deficit for that period. In preparing these financialor error. They also have general responsibility for taking statements, the Board Directors are required to:reasonable actions to safeguard the assets of the company and to prevent and detect fraud and other irregularities. select suitable accounting policies and apply Board Directors are responsible for the maintenance them consistently;and integrity of the corporate and financial information make reasonable and prudent judgements included on the companys website. Legislation in the UK and estimates;governing the preparation and dissemination of financial state whether applicable UK Accounting Standards andstatements may differ from legislation in other jurisdictions. the Statement of Recommended Practice have been followed, subject to any material departures disclosed and explained in the financial statements; assess our ability to continue as a going concern, disclosing, as applicable, matters related to agoing concern; use the going concern basis of accounting unless theyPaul Edwardsintend to liquidate the company, cease operations, Deputy Chief Executive and Chief Financial Officer or have no realistic alternative but to do so.34 35'