A statement from our Chief Financial Officer, Paul Gray about our financial statements for year end 31 March 2021

10 Sep 2021

Paul Gray, Chief Financial Officer, One Housing stated:

“We knew the 2020/21 financial year, a year like no other, would be challenging, and planned accordingly – though we’ve made losses we’ve kept to our budget, and remain financially robust, with assets of over £2bn, the confidence of our lenders and reserves of over £300 million.

“Housing Associations around the UK, particularly those involved in the delivery of care and support for the most vulnerable, have been counting the costs of the Covid-19 pandemic. We’re proud of our record in delivering high quality care services last year and the choices we made to prioritise the safety of our customers and staff despite the short term expense. We would make the same choices again.

“Our continuing investment in essential projects, including £27.3m on fire safety works last year, alongside the sustained development of major regeneration and new build sites, is on track. We are also investing in projects our customers’ value, including improving the customer service experience.

“As London and the UK recovers from Covid-19, we anticipate future growth and the further development of our partnership proposals with the Riverside Group ”

You can read here our financial statements for year end 31 March 2021.