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.

The highlights of our 2023/24 finance review include:

• An underlying surplus in 2023/24 of £956k excluding joint venture results, changes to the pension deficit and building valuation.
• Prudent income budgets set because although some uncertainties following the pandemic have eased, there are still numerous others to navigate including the current cost of living crisis and financial pressures on our members. Costs are contained within this reduced income envelope to ensure that a deficit will not arise.
• Membership prices for 2024/25, which are set the previous September, increase by a below inflation 6%.
• All floors at Lion Court fully let on a mix of short and long-term leases. However, the value of the building fell by £4.3m.
• Cumulative 24% real terms price reduction in affiliation fees over ten years, equivalent to a total saving for members of £12.5m.

Net income 2023/24

Overhead costs breakdown 2023/24

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 2023

• National Housing Federation 2022/23 Financial Statements (PDF, opens in new window)
• Financial Review 2023 (PDF, opens in a new window)

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)