Group Report and Financial Statements

For the year ended 31 March 2022

bpha delivered a strong financial performance and increased its overall surplus (before the fair value movement of bpha’s financial instruments) by 12% to £28m.

The core housing business continued its stable performance, delivering an operating surplus of £46.9m. The development and sales operation showed an expected rebound and reported a £19.1m increase in turnover compared to last year resulting in a record high of £59.0m.

Our highlights include:

• Core Operating Margin of 42% (2021: 43%)
• Operating surplus grew to £62m (2021: £60m)
• £35m Invested in maintaining and improving existing homes (2021: £26m)
• £50m Invested in new homes (Sept 2021: £38m).

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Previous Publications

Half Year Financial Report 2021
Financial Statements 2020/21
bpha Sustainability Report
Half Year Financial Report 2020
Financial Statements 2019/2020
Half Year Financial Report 2019
Financial Statements 2018/2019
Half Year Financial Report 2018
Financial Statements 2017/18
Financial Statements 2016/17
Financial Statements 2015/16
Financial Statements 2014/15
Financial Statements 2013/14
Financial Statements 2012/13