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

Overhead costs breakdown 2020/21

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

• National Housing Federation 2019/20 Financial Statements (PDF, opens in new window)
• Financial Review 2020 (PDF, opens in a new window)

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)