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 a 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 2020/21 finances highlights that:

  • The coronavirus crisis had a significant impact on our finances. At the start of the pandemic, we were forecasting a £3m trading deficit due to the effect on our income, especially our events.
  • We took strategic action to ensure the stability of the organisation, not just for this financial year but for years to come, by conducting a sustainability review grounded in the feedback of our members.
  • This action led to us finishing the financial year with an operating surplus before taking into account the reduction in the valuation of Lion Court (our London office) and changes to the pension deficit valuation.
  • A huge amount of work went into securing income during this difficult year. In particular, our Events team adapted our award-winning national conferences into #NHFVirtual, and these performed brilliantly.
  • In addition, we took the unprecedented step of asking our members to make a one-off financial contribution, which gave us the time and space to undertake our sustainability review in a managed and strategic way. We are extremely grateful to our members for their support.
  • Our sustainability review means we now have a smaller team but with a stronger focus on the issues that matter most to housing associations. These are outlined in our refreshed business strategy.
  • Thanks to the hard work of our members and our staff, we face a future together that is strong and sustainable, allowing us to support housing associations to deliver on a social purpose that is more vital than ever – providing good quality housing that people can afford. Not just now, in the middle of this crisis, but always.

Net income 2020/21

Affiliation fees
0

Commercial services
0

Other
0

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Overhead costs breakdown 2020/21

Staff related
0

Pension defecit
0

IT and office facilities
0

Property
0

Other
0

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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 2020

Financial Statement for year ending March 2019

Financial Statement for year ending March 2018

Financial Statement for year ending March 2017

Financial Statement for year ending March 2016

Financial Statement for year ending March 2015

Financial Statement for year ending March 2014

Financial Statement for year ending March 2013

Financial Statement for year ending March 2012

Financial Statement for year ending March 2011

Financial Statement for year ending March 2010

Financial Statement for year ending March 2009

Who to speak to

Jackie Cunningham, Executive Director Finance and Business Services