The company is a membership organisation whose principal purposes are to represent members’ interests and to assist them by offering support, advice and guidance. This assistance is provided in many forms, including policy advice, information and support, networking opportunities, conferences, training and exhibitions, research, general and statistical information, procurement solutions and services.
Our main drivers this year have again been a stronger representation of Members’ needs, continued development of services, procurement solutions and support, and improved engagement with the membership. Our links with key government stakeholders have continued to develop and strengthen. We have set up our Commission for Housing in the North, this was established to identify and assess the successes and challenges of housing in the North, then to consider best practice and potential solutions and finally to make potential recommendations for change. The commission includes a number of prominent individuals within and outside the sector and will report in time for the Chancellors Autumn Statement in 2016. The Board have continued to support the investment in our procurement solutions to grow this area of the company and to grow our affiliate membership beyond the North.
The company has a total of £1,389,371 (2015 – £1,274,679) in reserve (before pension liability) which has increased due to the surplus generated in the year. The pension deficit of £746,980 (2015 – £545,000) has impacted on total reserves this year reducing the total balance on reserves to £642,391 (2015 – £729,679). While prudently managing the pension deficit our aim is to use surplus generated to reinvest for the benefit of member services.