A look at our finances
Here's a look at our finances, explaining more about where our money came from, and where it went in 2022-23
Social impact
Using the Housing Associations' Charitable Trust (HACT) tool for measuring the impact of our projects and support for customers, we generated £27,670,422 in social value (work and activities that benefit the communities we work in) during 2022-23 across our business.
Where our money comes from
Rent
Service charges
Government grants
Other income
Where our money goes
Repairs and maintenance
Management and staff costs
(including staff salaries)
Depreciation of properties
How we spread the total cost of building and buying properties against the income we receive for them.
Service charge costs
The amount we pay contractors to provide your services such as grounds maintenance and cleaning.
Other costs
(including bad debt)
Money owed to us which we've not been able to collect or it has been written off.