Housing Association Funding Plc - Quarterly Report
- 32
Housing Association Funding Plc - Quarterly Report
PR Newswire
London, August 15
QUARTERLY REPORT AS AT 31/06/2018
TABLE 1: COLLATERAL
| ASSOCIATION | NO OF DWELLINGS |
LAST REPORT NUMBER OF DWELLINGS |
DIFFERENCE NUMBER OF DWELLINGS |
AVERAGE PER DWELLING | GROSS ANNUAL RENT | NET RENTAL INCOME |
ANNUAL DEBT SERVICE |
NET RENTAL COVER |
||||
| WEEKLY GROSS RENT |
VOIDS & CREDIT LOSSES |
ANNUAL PROVISION PER DWELLING FOR... | ||||||||||
| MANAGEMENT | MAINTENANCE | SERVICE CHARGES | ||||||||||
| A2 | 283 | 283 | 0 | 151.02 | 314.12 | 481.03 | 758.63 | 2,025.54 | £2,222,420.40 | £1,209,473.66 | £686,751.00 | 1.76 |
| Derwent | 421 | 421 | 0 | 88.59 | 184.27 | 423.00 | 683.48 | 439.79 | £1,939,408.64 | £1,210,854.57 | £913,523.00 | 1.33 |
| Home | 559 | 559 | 0 | 105.70 | 219.87 | 428.46 | 771.82 | 539.21 | £3,072,615.52 | £1,977,335.30 | £1,432,167.00 | 1.38 |
| Jephson | 1,165 | 1,165 | 0 | 103.28 | 214.82 | 423.00 | 754.40 | 152.73 | £6,256,526.81 | £4,456,669.55 | £3,076,087.00 | 1.45 |
| Knightstone | 458 | 458 | 0 | 104.67 | 217.71 | 399.20 | 653.42 | 145.90 | £2,492,776.00 | £1,844,142.82 | £1,322,967.00 | 1.39 |
| Paradigm | 181 | 181 | 0 | 127.14 | 264.44 | 423.00 | 744.36 | 109.19 | £1,196,605.28 | £917,685.67 | £501,691.00 | 1.83 |
| Thames Valley | 515 | 515 | 0 | 129.81 | 270.00 | 447.88 | 748.49 | 329.56 | £3,476,270.72 | £2,551,360.97 | £1,626,736.00 | 1.57 |
| Viridian | 1,415 | 1,415 | 0 | 122.87 | 255.56 | 448.14 | 737.43 | 704.82 | £9,040,520.84 | £6,003,986.73 | £4,092,419.00 | 1.47 |
TABLE 2: COLLECTION
| OVER LAST 52 WEEKS ... | OVER LAST 28 WEEKS ... | |||||||||
ASSOCIATION |
GROSS RENT |
COLLECTED RENT |
NET COLLECTED RENT |
(COLLECTED RENT) /(GROSS RENT) |
(NCR) /(ADS) |
GROSS RENT |
COLLECTED RENT |
NET COLLECTED RENT |
(COLLECTED RENT) /(GROSS RENT) |
(NCR) /(ADS) |
| A2 | £2,352,887.59 | £2,398,993.72 | £1,451,863.72 | 1.02 | 2.11 | £1,164,828.93 | £1,106,105.03 | £630,451.63 | 0.95 | 0.92 |
| Derwent | £1,927,044.17 | £1,964,644.83 | £1,348,709.96 | 1.02 | 1.48 | £1,039,629.02 | £1,068,758.80 | £731,947.03 | 1.03 | 0.80 |
| Home | £3,164,977.37 | £3,073,222.85 | £2,131,711.61 | 0.97 | 1.49 | £1,701,340.65 | £1,649,475.51 | £1,142,095.77 | 0.97 | 0.80 |
| Jephson | £6,291,517.26 | £6,273,793.94 | £4,764,699.40 | 1.00 | 1.55 | £3,399,954.68 | £3,388,553.12 | £2,582,423.57 | 1.00 | 0.84 |
| Knightstone | £2,491,560.50 | £2,472,440.22 | £1,923,993.76 | 0.99 | 1.45 | £1,341,558.92 | £1,321,089.02 | £1,025,525.90 | 0.98 | 0.78 |
| Paradigm | £1,205,411.71 | £1,213,281.37 | £988,342.07 | 1.01 | 1.97 | £647,813.87 | £663,177.88 | £541,115.78 | 1.02 | 1.08 |
| Thames Valley | £3,477,576.99 | £3,468,727.71 | £2,692,905.75 | 1.00 | 1.66 | £1,878,161.43 | £1,853,836.02 | £1,432,841.65 | 0.99 | 0.88 |
| Viridian | £9,037,591.47 | £8,836,488.24 | £6,161,278.48 | 0.98 | 1.51 | £4,866,040.52 | £4,752,758.00 | £3,312,458.02 | 0.98 | 0.81 |
TABLE 3: COMPLIANCE
ASSOCIATION |
NET RENTAL | OVER LAST 52 WEEKS ... | OVER LAST 28 WEEKS ... | OUTCOME OF STOCK CONDITION SURVEY |
||
NRC>=105% |
COLLECTED RENT OVER GROSS RENT >= 95% |
COLLECTED RENT OVER GROSS RENT >= 95% |
NET COLLECTED RENT TEST NCR >= 61.92% ADS |
|||
| NET COLLECTED RENT TEST NCR >= 115% ADS |
||||||
| A2 | Pass | Pass | Pass | Fail | Pass | CGTC |
| Derwent | Pass | Pass | Pass | Pass | Pass | CGTC |
| Home | Pass | Pass | Pass | Pass | Pass | CGTC |
| Jephson | Pass | Pass | Pass | Pass | Pass | CGTC |
| Knightstone | Pass | Pass | Pass | Pass | Pass | CGTC |
| Paradigm | 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 NOTE AMOUNT PRINCIPAL (PER £100) |
TOTAL NOTE AMOUNT ISSUANCE TO DATE |
|
| AS AT END OF THE QTR | 40.16089 | £192,270,000.00 |
In reference to the Fail by A2 Dominion in respect of the Collected Rent over the last 28 weeks, A2 Dominion have confirmed that this is a marginal fail which appears to be a function of how the weeks fell in the calendar year and the dates of the Direct Debit cycles. They have advised that they expect it to even out over the next few returns.
Your Housing (Arena) -HAF Loan Repaid 5th December 2017
Liverty Limited (Knightstone)- HAF Loan repaid 5th June 2018
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