Our finances

Every year we publish a review of our finances, so you can see how we are performing, our financial drivers and objectives, and whether these are being met.

We are a not-for-profit organisation with a social purpose – each year we use our income to influence, campaign, and engage on behalf of the social housing sector.

You can read more about our services, and their impact. We aim, by operating efficiently, to make a small underlying surplus.

Our latest review of our 2022/23 finances highlights that:

• Underlying surplus in 2022/23 of £1,265k excluding joint venture results, one off venue credits and changes to the pension deficit valuation.
• Income budgets are set very prudently because of the uncertainty in being able to hold in person events, the effect of cost of living crisis and strike action. Costs are contained within this reduced income envelope to ensure that a deficit will not arise.
• Price of membership for 2023/24 increase by below inflation 4.5%. This is also below the 7% rent cap.
• All floors at Lion Court (our main office in London) now fully let on a mix of short and long term leases.
• Cumulative 24% real terms price reduction in affiliation fees over ten years, equivalent to a total saving for members of £14m.

Net income 2022/23

Overhead costs breakdown 2022/23

To find out more, download our Financial Review briefing, or download our audited Financial Statements.

You can also access previous years of financial information below. 

Financial Statement for year ending March 2022

• National Housing Federation 2021/22 Financial Statements (PDF, opens in new window)
• Financial Review 2022 (PDF, opens in a new window)

Financial Statement for year ending March 2021

• National Housing Federation 2020/21 Financial Statements (PDF, opens in new window)
• Financial Review 2021 (PDF, opens in a new window)

Financial Statement for year ending March 2020

• National Housing Federation 2019/20 Financial Statements (PDF, opens in new window)
• Financial Review 2020 (PDF, opens in a new window)

Financial Statement for year ending March 2019

• National Housing Federation 2018/19 Financial Statements (PDF, opens in new window)
• Financial Review 2019 (PDF, opens in a new window)

Financial Statement for year ending March 2018

• National Housing Federation 2017/18 Financial Statements (PDF, opens in new window)
• Financial Review 2018 (PDF, opens in a new window)

Financial Statement for year ending March 2017

• National Housing Federation 2016/17 Financial Statements (PDF, opens in new window)
• Financial Review 2017 (PDF, opens in a new window)

Financial Statement for year ending March 2016

• National Housing Federation 2015/16 Financial Statements (PDF, opens in new window)
• Financial Review 2016 (PDF, opens in a new window)

Financial Statement for year ending March 2015

• National Housing Federation 2014/15 Financial Statements (PDF, opens in new window)
• Financial Review 2015 (PDF, opens in a new window)

Financial Statement for year ending March 2014

• National Housing Federation 2013/14 Financial Statements (PDF, opens in new window)
• Financial Review 2014 (PDF, opens in a new window)

Financial Statement for year ending March 2013

• National Housing Federation 2012/13 Financial Statements (PDF, opens in new window, 1,767KB)
• Financial Review 2013 (PDF, opens in a new window)

Financial Statement for year ending March 2012

• National Housing Federation 2011/12 Financial Statements (PDF, opens in new window, 1,767KB)
• Financial Review 2012 (PDF, opens in a new window)

Financial Statement for year ending March 2011

• National Housing Federation 2010/11 Financial Statements (PDF, opens in new window, 1,767KB)

Financial Statement for year ending March 2010

• National Housing Federation 2009/10 Financial Statements (PDF, opens in new window, 1,767KB)

Financial Statement for year ending March 2009

• National Housing Federation 2008/09 Financial Statements (PDF, opens in new window, 2,800KB)