2021 model accounts for housing associations

Debbie Watson Debbie Watson

How can you begin to document the events of 2020 in your year-end financial reports? Debbie Watson offers housing associations model accounts to help guide you through.

With all that's happened during 2020, it's a relief to say there aren't any major new accounting standards for housing associations to grapple with. However, the financial reporting implications of recent events will affect your narrative reporting and accounts to varying degrees.

To help overcome this challenge, we've shared our model accounts for the social housing sector under the UK and Ireland Financial Reporting Standard 102 (FRS 102) and Housing SORP 2018.

Download our housing associations model accounts [ 4511 kb ]

These will act as a best-practice guide to help you prepare financial statements with year-ends from 31 December 2020 onwards. For many of you, this will be 31 March 2021, so we've modelled this in our housing associations accounts.

We've made some improvements over last year's model accounts. And we've included additional guidance on best practice in narrative reporting from our observations and incorporated some key messages from the Financial Reporting Council. The main changes are under Appendix A in the model accounts.

Many of you have told us you use these accounts to identify key reporting disclosures, and, as always, we've tried to include everything we'd expect to see. Of course, we can't cover every eventuality, so if you need further support, get in touch.

I hope you find these housing associations model accounts useful as you prepare for this year’s reporting.

If you have any feedback or suggestions for future additions to the housing associations model accounts, contact Debbie Watson.