Publications

The Society publishes a number of reports that provide insight into the workings of the organisation. These include:

Board Report & Financial Accounts

2008/09 was a good year financially for the Society, which now has over 2,200 properties in ownership or under management. Our surplus of £1.2 million helped fund 150 additional properties, with 200 more homes in the pipeline. The Society's 2008/09 board report and financial accounts are available for review.

We have continued to invest heavily in improving existing properties in order to ensure our residents enjoy good quality homes, and to protect our income stream. During the year, over £1.5 million was spent on major improvements to properties. This work included boiler replacements, new kitchens, re-wiring, an external decoration programme and a number of improvements to communal areas.

Business Plan for 2010/11 - 2014/15

The Society's Business Plan for 2010/11 - 2014/15 is also available for review.

Balance Sheet as at 31 March 2009	31/03/2009	31/03/2008
	£000's	£000's
Housing Assets	107,309	94,551
Less
Social Housing Grant	(46,521)	(44,005)
	60,788	50,546
Other fixed assets	135	154
Total Fixed Assets	60,923	50,700
Current Assets	2,659	1,113
Current Liabilities	(4,278)	(3,486)
Net Current Assets	(1,619)	(2.373)
Total Assets less current liabilities	59,304	48,327
Financed by
Loans	36,524	26,778
Reserves	22,780	21,549
	59,304	48,327
Income and Expenditure - Year ended 31 March 2009	31/03/2009 £000's	31/03/2008 £000's
Turnover	8,833	8,619
Operating Costs	(6,205)	(5,571)
Operating Surplus	2,628	3,048
Surplus on Sale of Properties	71	98
Interest Receivable	8	14
Interest Payable	(1,476)	(1,572)
Surplus for the year	1,231	1,588