The overall financial performance for the year has been excellent in 2010/11 with the Group generating a surplus of £3.3 million. This is a tremendous achievement in the current difficult economic and financial climate.
The main factors contributing to the significant surplus are the continued excellent financial management of the Group, extra income generated from property sales, lower than expected expenditure on planned maintenance and interest rates remaining low.
Turnover for the Group increased to almost £29 million during the year. The sale of the first tranche of shared ownership properties at the ExtraCare village contributed £3.7 million to turnover and the surplus on outright property sales £0.8 million.
During 2010, two out of the three main repairs contractors went into administration. Following a successful re-procurement exercise, major savings have been achieved which significantly contribute to our goal to deliver cashable efficiency gains valued at £3 million by March 2015.
The Balance Sheet remains strong with housing properties valued at £284 million at 31 March 2011. The number of homes owned and managed by the Group has increased significantly to 5,996 at 31 March 2011.
31 March 2011
Rooftop Housing Group Limited
Evesham and Pershore Housing Assocation Limited
Rooftop Homes Limited
G3 (Inspiring Individuals) Limited
31 March 2010
Rooftop Housing Group Limited
Evesham and Pershore Housing Association Limited
Rooftop Homes Limited
G3 (Inspiring Individuals) Limited
31 March 2009
Rooftop Housing Group Limited
Evesham and Pershore Housing Association Limited
Rooftop Homes Limited
31 March 2008
Rooftop Housing Group Limited
Evesham and Pershore Housing Association Limited
Rooftop Homes Limited
