Our finances

Every year we publish a review of our finances, so you can see how we are performing, our financial drivers and objectives, and whether these are being met.

We are a not-for profit organisation with social purpose – each year we use our income to influence, campaign and engage on behalf of the social housing sector. You can read more about our services, and their impact. We aim, by operating efficiently, to make a small underlying surplus.

Our latest review of our 2019/20 finances highlights that:

• The outbreak of coronavirus in February and March had an impact on our overall finances. We ended the year with an underlying loss of £53,000 compared to a surplus of £288,000 in the previous year.
• Over two thirds of our income came from annual affiliation fees paid by our members. This totalled £8.2m, 0.5% above the previous year, in line with CPI.
• Over the last ten years, there has been a cumulative 29% real terms price reduction in affiliation fees, equivalent to a saving of £20.4m for our members.
• In many areas our administrative expenses have decreased, reflecting our commitment to cost savings and flexible working.
• Our net income from commercial services fell due to the postponement of our Housing Finance Conference in March, following the outbreak of coronavirus. However, our commercial services still contributed £2.29m.
• In response to the national postponement of in-person events, we rapidly revised the way we deliver our events by launching a programme of virtual conferences and meetings, and hope to deliver in-person events in early 2021.
• Looking ahead, the impact of the coronavirus crisis will means we are moving through a period of sustained change, but our work to support the housing association sector to deliver its social purpose has never been so important. We will continue to work hard even in challenging circumstances to deliver the impact and value that our members need.

Net income 2019/20

Overhead costs breakdown 2019/20

To find out more, download our Financial Review briefing, or download our audited Financial Statements.

You can also access previous years of financial information below. 

Financial Statement for year ending March 2019

• National Housing Federation 2018/19 Financial Statements (PDF, opens in new window)
• Financial Review 2019 (PDF, opens in a new window)

Financial Statement for year ending March 2018

• National Housing Federation 2017/18 Financial Statements (PDF, opens in new window)
• Financial Review 2018 (PDF, opens in a new window)

Financial Statement for year ending March 2017

• National Housing Federation 2016/17 Financial Statements (PDF, opens in new window)
• Financial Review 2017 (PDF, opens in a new window)

Financial Statement for year ending March 2016

• National Housing Federation 2015/16 Financial Statements (PDF, opens in new window)
• Financial Review 2016 (PDF, opens in a new window)

Financial Statement for year ending March 2015

• National Housing Federation 2014/15 Financial Statements (PDF, opens in new window)
• Financial Review 2015 (PDF, opens in a new window)

Financial Statement for year ending March 2014

• National Housing Federation 2013/14 Financial Statements (PDF, opens in new window)
• Financial Review 2014 (PDF, opens in a new window)

Financial Statement for year ending March 2013

• National Housing Federation 2012/13 Financial Statements (PDF, opens in new window, 1,767KB)
• Financial Review 2013 (PDF, opens in a new window)

Financial Statement for year ending March 2012

• National Housing Federation 2011/12 Financial Statements (PDF, opens in new window, 1,767KB)
• Financial Review 2012 (PDF, opens in a new window)

Financial Statement for year ending March 2011

• National Housing Federation 2010/11 Financial Statements (PDF, opens in new window, 1,767KB)

Financial Statement for year ending March 2010

• National Housing Federation 2009/10 Financial Statements (PDF, opens in new window, 1,767KB)

Financial Statement for year ending March 2009

• National Housing Federation 2008/09 Financial Statements (PDF, opens in new window, 2,800KB)