12 | Accord Housing Association |
|
|
|
Summary By Activity |
Turnover
2020 £ 000s
|
2019 £ 000s |
Operating surplus
2020 £ 000s
2019 £ 000s
|
General needs |
48,267 |
46,320 |
22,430 |
22,718 |
Supported and housing for older people |
15,351 |
15,541 |
3,805 |
4,685 |
Residential care homes |
12,129 |
11,292 |
106 |
162 |
Shared ownership |
2,366 |
2,363 |
356 |
395 |
Total social housing lettings |
78,113 |
75,516 |
26,697 |
27,960 |
First tranche shared ownership sales |
175 |
148 |
24 |
38 |
Other social housing activities |
2,460 |
2,495 |
4,932 |
174 |
Total social housing activities |
80,748 |
78,159 |
31,653 |
28,172 |
Non-social housing activities |
44,210 |
41,487 |
1,324 |
796 |
Amortisation of non-tangible assets |
|
|
( 1,666 ) |
( 1,665 ) |
Total |
124,958 |
119,646 |
31,311 |
27,303 |
Of the £ 125.0m of income generated last year , 65 % (£ 80.7m ) was from social housing activities and 35 % (£ 44.2m ) was from non-social housing activities and although turnover has increased by £ 5.3m since last year the proportion of social to non-social activities is the same .
Circa 97 % of our social housing income comes from lettings which generate healthy margins , with surpluses reinvested back into our services and properties . Other social housing activity is predominantly the provision of housing related support to ensure that our customers can live independently and sustain their tenancy as well as property sales through statutory Right to Buy and Right to Acquire . The operating surplus in 2020 was substantially higher than in 2019 due to the Voluntary Right to Buy scheme noted above .
Non-social housing activities include the provision of nursing care , domiciliary and outreach services , children ’ s nurseries and our LoCaL Homes factory . Activity within the factory increased during the year and continues to make a positive financial contribution , as well as delivering environmental benefits and local employment .