Research and analysis

2019 Global Accounts data file - Introduction and Statements

Updated 24 January 2020

Applies to England

Aggregate Financial Statements and Data

Introduction

This database contains data from the annual account regulatory returns (FVAs) which are completed by registered providers and is derived from their audited financial statements. The database includes RPs managing 1,000 units in financial periods ending between 1 April 2018 and 31 March 2019.

The Global Accounts are based on this database of information.

The information received in the FVA is simply added to produce the aggregate statements of comprehensive income and financial position for the sector as at 31 March 2019.

The majority of large providers are part of a group structure. Group structures can include multiple registered providers and non-registered entities. The Global Accounts publication considers providers’ accounts on both a registered entity (entity level) and group consolidated basis (consolidated level). Both datasets are included as other attachments on the main page.

Statements

Statement of Comprehensive Income

Presents the aggregate turnover, surplus and comprehensive income of consolidated groups and entities for all accounting periods ending between 1 April 2018 and 31 March 2019.

Income and Expenditure from SHL

The aggregate income and expenditure relating solely to social housing activity for all accounting periods ending between 1 April 2018 and 31 March 2019.

Statement of Financial Position

The aggregate statement of financial position presents the sum of individual group and entity balance sheets whose financial year ends fall within the period from 1 April 2018 to 31 March 2019.

Unit numbers

The unit numbers are the total units managed and/or owned as reported in the FVA return and should therefore reflect the units as published in providers’ financial statements.

Statements

Statement of Comprehensive Income

£bn	Consolidated	Entity
Turnover	20.9	18.7
Operating expenditure	(13.2)	(12.3)
Cost of sales	(2.5)	(1.5)
Operating surplus/(deficit)	5.2	4.9
Gain/(loss) on disposal of fixed assets	0.9	0.9
Operating surplus/(deficit) including fixed asset disposals	6.1	5.8
Gift aid and other items	0.2	0.5
Interest receivable	0.1	0.3
Interest payable and financing costs	(3.2)	(3.3)
Movements in fair value	0.2	0.2
Surplus / (deficit) before tax	3.5	3.5
Taxation	(0.0)	(0.0)
Surplus / (deficit) for the period	3.5	3.5
Unrealised surplus /(deficit) on revaluation of housing properties	0.1	0.1
Actuarial (loss) / gain in respect of pension schemes	(0.4)	(0.4)
Initial measurement of defined benefit pension liability	(0.4)	(0.4)
Change in fair value of hedged instruments	(0.1)	(0.0)
Other remeasurements	0.0	(0.0)
Total comprehensive income for the period	2.7	2.7

Income and Expenditure from Social Housing Lettings

£bn	Consolidated	Entity
Income
Rents	13.3	13.1
Service charge income	1.4	1.4
Net rental income	14.8	14.5
Capital grant released to income	0.5	0.5
Other & revenue grant	0.2	0.2
Turnover from SHL	15.5	15.2
Expenditure
Management	2.9	2.8
Service charge costs	1.7	1.7
Routine maintenance	2.1	2.1
Planned maintenance	1.0	0.9
Major repairs expenditure	0.5	0.5
Bad debts	0.1	0.1
Lease costs	0.2	0.2
Depreciation of housing properties	2.2	2.2
Impairment of housing properties	0.0	0.0
Other costs	0.2	0.2
Expenditure on SHL	10.7	10.6
Operating surplus / (deficit) on SHL	4.7	4.6

Statement of Financial Position

£bn	Consolidated	Entity
Fixed assets
Tangible fixed assets: Housing properties at cost	148.7	144.6
Tangible fixed assets: Housing properties at valuation	2.0	2.0
Other fixed assets	3.2	6.7
Investment properties	6.2	3.7
Other investments	1.9	3.7
Total fixed assets	162.0	160.7
Current assets
Properties held for sale	7.1	2.8
Trade and other debtors	2.0	1.5
Cash and short term investments	7.3	5.6
Other current assets	1.5	4.5
Total current assets	18.0	14.4
Creditors: amounts falling due within one year
Short term loans	1.9	1.9
Deferred capital grant: due within one year	0.4	0.4
Other current liabilities	5.8	5.6
Total creditors: amounts falling due within one year	8.0	7.9
Net current assets/ liabilities	9.9	6.5
Total assets less current liabilities	171.9	167.1
Creditors: amounts falling due after more than one year
Long term loans	74.5	59.5
Amounts owed to group undertakings	0.0	13.5
Finance lease obligations	0.6	0.4
Deferred capital grant: due after more than one year	36.6	35.7
Other long term creditors	4.4	3.5
Total creditors: amounts falling due after more than one year	116.0	112.6
Provisions for liabilities
Pension provision	3.1	2.9
Other provisions	0.8	0.8
Total net assets	51.9	50.9
Reserves
Income and expenditure reserve	40.6	39.0
Revaluation reseves	11.9	12.3
Other reserves	(0.7)	(0.4)
Total reserves	51.9	50.9

Other social activities

£bn	Consolidated	Entity
Total
Turnover	2.2	2.3
Expenditure/ Cost of sales	2.1	2.1
Surplus	0.1	0.2
of which first tranche LHCO sales
Turnover	1.4	1.4
Expenditure/ Cost of sales	1.1	1.0
Surplus	0.4	0.3

Non-social activities

£bn	Consolidated	Entity
Total
Turnover	3.2	1.2
Expenditure/ Cost of sales	2.8	1.0
Surplus	0.4	0.1
Of which properties developed for sale
Turnover	1.5	0.3
Expenditure/ Cost of sales	1.3	0.2
Surplus	0.2	0.0

Units

No units 000s	Consolidated	Entity
Social Housing Units Managed
Units developed	45	45
Units sold/demolished	(16)	(16)
Transfers and other	15	27
Closing units	2,733	2,717
Non-social housing units managed
Units developed	4	3
Units sold/demolished	(2)	(2)
Transfers and other	(7)	2
Closing units	95	45

*FVA]: annual account regulatory returns *[RPs]: Registered providers *[SOCI]: Statement of Comprehensive Income *[SHL]: Social housing lettings *[SOFP]: Statement of Financial Position *[RP]: Registered provider