Social Housing

We understand the issues facing clients in the Social Housing sector. Our specialist team works with registered providers to provide proactive advice in this highly regulated sector.

We are a proactive firm of accountants and auditors with many years’ experience of advising Registered Providers of Social Housing.

Our long-term commitment to the not for profit sector, including Social Housing, enables us to provide specialist publications to help keep you up to date with everything from SORP updates to VAT issues and developments.

The sector continues to face rent constraints, rising costs, more regulation and compliance, adverse publicity, all at a time when their services are of great need.  Yet providers are having to juggle these issues with a growing emphasis on environmental sustainability and energy efficiency, all whilst continuing to provide and demonstrate value for money.  This requires more collating and monitoring of information, reporting around this and forecasting in an ever moving landscape. During this time of change more support is required from your professional advisers.

In addition to your annual compliance services, we can assist with other services as we have listed below.  With the upcoming changes expected to the Housing SORP, we can assist with the transition.  When the existing SORP was introduced we assisted clients with component accounting and the transitional disclosures and adjustments required.  When the Governance and Financial Viability Standard was updated, we rain a bespoke workshop for our clients to help Board Members understand their responsibilities in relation to the asset and liability register and stress testing.

The specialist Social Housing services we offer include:

• Preparing the Registered Provider’s accounts to ensure that they comply with best practice (Housing SORP, Accounting Direction 2022 and the relevant regulatory standards for landlords)
• Auditing the Registered Provider’s accounts and providing added value
• Advising on how to best keep accounting records and develop financial policies
• Advising on governance and best practice
• Advising on mergers, joint ventures and partnering structures
• Advising on tax efficient trading and development
• Strategic planning
• VAT advice
• Service charges – preparing service charge accounts

We are committed to the sector, recognising the important part it plays in today’s society and we are here to help support and develop it.