Radius Housing Association Limited
Latest income
£116.1m
Latest spending
—
Accounts read
FY2025
Financial health, per FY2025 accounts
The accounts state that the Group maintained a strong financial position with an operating surplus of £20.5m and a credit rating of A2 Stable. The Board confirmed adequate resources to continue as a going concern, supported by significant headroom on treasury covenants and available loan facilities. The charity holds substantial unrestricted reserves of approximately £179.3m, providing a robust buffer against future risks.
What the accounts disclose
Related-party transaction: The company is also an admitted body to the Northern Ireland. Local Government Officers’ Superannuation Committee (NILGOSC) and makes contributions on behalf of those of its employees who are in the scheme.
“The company is also an admitted body to the Northern Ireland. Local Government Officers’ Superannuation Committee (NILGOSC) and makes contributions on behalf of those of its employees who are in the scheme. Details of the subsidiaries are disclosed in Note 18.” — page 45
Per FY2025 accounts as filed with CCNI.
Related-party transaction: The NILGOSC pension scheme is considered a related party of the Association.
“The company is also an admitted body to the Northern Ireland. Local Government Officers’ Superannuation Committee (NILGOSC) and makes contributions on behalf of those of its employees who are in the scheme. Details of the subsidiaries are disclosed in Note 18.” — page 45
Per FY2025 accounts as filed with CCNI.
Reserves policy: twelve months budgeted future expenditure (held: £179.3m)
“The Association’s policy is to retain a level of revenue reserves which reflects its needs at the current time and in the foreseeable future. The reserves required are sufficient to meet committed running costs for a period equivalent to twelve months budgeted future expenditure.” — page 26
Per FY2025 accounts as filed with CCNI.
Independent examiner: Grant Thornton (NI) LLP
Per FY2025 accounts as filed with CCNI.