Housing Association Funding Plc - Quarterly Report
PR Newswire
London, February 22
QUARTERLY REPORT AS ATDecember 2018
TABLE 1: COLLATERAL
| AVERAGE PER DWELLING | ||||||||||||
| LAST REPORT | DIFFERENCE | VOIDS & | ANNUAL PROVISION PER DWELLING FOR... | NET | ||||||||
| NO OF | NUMBER OF | NUMBER OF | WEEKLY | CREDIT | SERVICE | GROSS ANNUAL | NET RENTAL | ANNUAL DEBT | RENTAL | |||
| ASSOCIATION | DWELLINGS | DWELLINGS | DWELLINGS | GROSS RENT | LOSSES | MANAGEMENT | MAINTENANCE | CHARGES | RENT | INCOME | SERVICE | COVER |
| A2 | 283 | 283 | 0 | 152.50 | 317.19 | 481.03 | 758.63 | 2,058.34 | £2,244,143.76 | £1,221,045.13 | £686,751.00 | 1.78 |
| Derwent | 421 | 421 | 0 | 88.62 | 184.32 | 423.00 | 683.48 | 439.57 | £1,940,002.48 | £1,211,516.18 | £913,523.00 | 1.33 |
| Home | 551 | 551 | 0 | 119.54 | 248.64 | 428.54 | 773.10 | 283.83 | £3,425,033.56 | £2,469,538.54 | £1,432,167.00 | 1.72 |
| Jephson | 1,165 | 1,165 | 0 | 103.29 | 214.85 | 423.00 | 754.40 | 152.73 | £6,257,392.09 | £4,457,500.22 | £3,076,087.00 | 1.45 |
| Thames Valley | 515 | 515 | 0 | 129.81 | 270.00 | 447.88 | 748.49 | 329.59 | £3,476,281.12 | £2,551,360.56 | £1,626,736.00 | 1.57 |
| Viridian | 1,415 | 1,415 | 0 | 121.54 | 252.81 | 465.84 | 766.60 | 685.55 | £8,943,247.56 | £5,871,560.18 | £4,092,419.00 | 1.43 |
TABLE 2: COLLECTION
| OVER LAST 52 WEEKS ... | OVER LAST 28 WEEKS ... | |||||||||
| NET | (COLLECTED | NET | (COLLECTED | |||||||
| COLLECTED | COLLECTED | RENT) /(GROSS | COLLECTED | RENT) /(GROSS | ||||||
| ASSOCIATION | GROSS RENT | RENT | RENT | RENT) | (NCR) /(ADS) | GROSS RENT | COLLECTED RENT | RENT | RENT) | (NCR) /(ADS) |
| A2 | £2,334,384.94 | £2,291,081.17 | £1,332,802.05 | 0.98 | 1.94 | £1,169,556.01 | £1,184,976.14 | £702,350.42 | 1.01 | 1.02 |
| Derwent | £1,929,419.76 | £1,974,153.83 | £1,335,652.47 | 1.02 | 1.46 | £1,038,345.50 | £1,005,132.66 | £655,192.40 | 0.97 | 0.72 |
| Home | £3,088,563.36 | £2,953,201.87 | £2,044,723.84 | 0.96 | 1.43 | £1,631,037.23 | £1,545,242.52 | £1,071,149.50 | 0.95 | 0.75 |
| Jephson | £6,271,681.00 | £6,296,184.51 | £4,759,607.19 | 1.00 | 1.55 | £2,887,757.68 | £2,870,459.00 | £2,155,260.76 | 0.99 | 0.70 |
| Thames Valley | £3,476,513.35 | £3,430,007.57 | £2,646,171.74 | 0.99 | 1.63 | £1,866,846.80 | £1,863,435.11 | £1,440,700.99 | 1.00 | 0.89 |
| Viridian | £8,964,846.42 | £8,650,168.63 | £5,946,499.33 | 0.96 | 1.45 | £4,811,529.63 | £4,632,877.33 | £3,171,515.61 | 0.96 | 0.77 |
TABLE 3: COMPLIANCENET R
| COVER | OVER LAST 52 WEEKS ... | OVER LAST 28 WEEKS ... | ||||
| NET | NET | |||||
| COLLECTED | COLLECTED | COLLECTED | COLLECTED | OUTCOME OF | ||
| RENT OVER | RENT TEST | RENT OVER | RENT TEST | STOCK | ||
| GROSS RENT >= | NCR >= 115% | GROSS RENT | NCR >= 61.92% | CONDITION | ||
| ASSOCIATION | NRC>=105% | 95% | ADS | >= 95% | ADS | SURVEY |
| A2 | Pass | Pass | Pass | Pass | Pass | CGTC |
| Derwent | Pass | Pass | Pass | Pass | Pass | CGTC |
| Home | Pass | Pass | Pass | Fail | Pass | CGTC |
| Jephson | Pass | Pass | Pass | Pass | Pass | CGTC |
| Thames Valley | Pass | Pass | Pass | Pass | Pass | CGTC |
| Viridian | Pass | Pass | Pass | Pass | Pass | CGTC |
TABLE 4: ADDITIONAL FACILITY
| PROVIDER NAME | DRAW-DOWNS | OUTSTANDING BALANCE | |
| ORIGINAL AF PROVIDER | Barclays Bank plc | £9,435,000.00 | £0.00 |
TABLE 5: LIABILITIES
| OUTSTANDING | TOTAL NOTE | |
| NOTE AMOUNT | AMOUNT | |
| PRINCIPAL (PER | ISSUANCE PER | |
| £100) | DATE | |
| AS AT END | ||
| OF THE QTR | 37.04158645 | £192,270,000.00 |
o Home Group 28 week test has failed in this period, however they have passed their Net Collected Rent Test
o The Riverside Group Limited (formerly Riverside Housing Association Limited - repaid June 2017
o Midland Heart Limited (formerly Touchstone Housing Association Limited and Touchstone 2 Housing Association Limited) - repaid June 2017
o Your Housing Limited (formerly Knightstone Housing Association Limited) - repaid Dec 2017
o Liverty Limited (formerly Knightstone Housing Association Limited - repaid June 2018
o Paradigm Homes Charitable Housing Association Limited (formerly Chiltern Hundreds Housing Association) - repaid Dec 2018
