Finances
We have a solid financial position and have the highest possible rating from the regulator for financial viability.
The charts opposite show the various sources of money which we received during our 2023/24 financial year and how we spent it.
The majority of our money comes in from rent and service charges, but we also had other sources of income during the year. Receipts from the sales of shared ownership homes were an important source of funds, and we received money from the sale of other properties as well as receiving some grant income.
We also took out some additional loans but didn’t spend all the cash we raised in the year, so we were able to earn interest by putting the surplus on deposit.
We spent about the same on housing management, providing services, and repairing, maintaining and undertaking major works to your homes as we received in rents and service charges. We used the other funds we received to develop new homes and pay interest on our loans.
Where our money comes from
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How we spent our money
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