Financial Performance Ark Housing Association demonstrated strong financial performance for the year ended 31 March 2026 Key Financial Highlights • Surplus before pension items: Approx. £730K (£1.013 million in 2025) • Annual turnover: Increased by 5.63% to over £8.46 million (£8.0 million in 2025) • Property investment: Additional £17.7 million invested in fixed property assets, bringing total property assets to over £145.8 million (£128 million in 2025) • Homes in management: 911 homes (867 in 2025) • Homes under construction: 327 homes on site and under construction • Borrowings: Increased by £5.3 million to £37.9 million • Undrawn Revolving Credit Facility: £15 million • Total funds: Over £10.4 million
Income & Expenditure Account for the year ended 31 March 2026
2026
2025
£
£
Turnover
8,466,130 (6,389,821) 2,076,309
8,014,780
Operating costs Operating Surplus
(5,893,153)
2,121,627
22,215
Interest receivable and similar income Interest payable and similar charges
19,070
(1,486,653)
(1.153,539)
6,000
Other finance costs
6,000
112,000 729,871
Additional Pension Service Costs Surplus on ordinary activities
20,000 1,013,158 (26,000) 987,158
(118,000)
Actuarial (loss)/gain on pension scheme Total comprehensive income for the year
611,871
Balance Sheet as at 31 March 2026
2026
2025
Key Highlights
FIXED ASSETS
£
£
133,702,677
Housing properties - depreciated cost
117,678,045
March 2026
March 2025
746,783
Other tangible fixed assets
803,081
911 64 44
Number of Homes
867
134,449,460
118,481,126
New Homes Started on Site New Homes Completed New Homes Under Construction
74 53
CURRENT ASSETS Debtors
4,892,739
3,034,095 3,866,737 6,900,832
327
319
516,186
Cash at bank and in hand
42
Number of Staff
41
5,408,925
£8,466,130
Turnover
£8,014,780 £1,013,158 £14,795,704 £9,668,746
Creditors: (amounts falling due within one year) Net Current (Liabilities)/Assets Total Assets Less Current Liabilities
(10,552,773) (5,143,848) 129,305,612 (118,908,943)
(12,728,269) (5,827,436) 112,653,689 (102,836,871)
£729,871
Surplus on Ordinary Activities
£17,733,503 £12,011,679
Development Spend
Grants Received
CREDITORS: (amounts falling due after more than one year)
10,396,669
9,816,818
NET ASSETS
Capital and Reserves Called up share capital
10
10
The financial statements, prepared in accordance with FRS 102 and the Housing SORP 2018, demonstrate the Association’s continued growth and financial resilience. Significant investment in new and existing homes, alongside an expanding development programme, has strengthened Ark Housing Association’s asset base and increased the number of homes under management. The Association continues to maintain a strong financial position, supporting its long-term strategic objectives and commitment to providing high-quality social housing.
Capital reserve
46
43
Restricted reserves Revenue reserve
(4,055)
27,968
10,400,668 10,396,669
9,788,797 9,816,818
TOTAL FUNDS
20 Ark Housing | Annual Report 2025–2026
21 Ark Housing | Annual Report 2025–2026
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