Housing Associations: £1.9m Surpluses!
The Homes and Communities Agency (HCA) have published this year’s global accounts for the sector which again show a record surplus. Worth remembering every time pay claims, staffing levels and work intensification is discussed.
The report states: “The sector continued to grow its asset base and recorded an aggregate surplus of £1.9bn, an increase of 9% from 2012. The sector achieved this increase in surplus through the combination of increased turnover attributable to inflation linked rent increases, increased operating margins, and improved financial performance in housing sale activity.” The full report is attached for information.