Milnbank Housing Association reports financial turnaround at AGM

Milnbank Housing Association reports financial turnaround at AGM

Milnbank HA's 2024 AGM

Milnbank Housing Association recently held its annual general meeting (AGM), recording a strong turnout of 107 shareholders.

At the meeting, one new committee member was elected, ensuring that there is a full quota of 14 committee members who reside in the local community. 

The chairman, Allan Scott highlighted the importance of listening to residents and shared plans for upcoming rent consultations and the development of new build homes in the Haghill area.

The auditor reported that there was a surplus of £371,500 before pension adjustments for the year ended 31 March 2024. This marks a significant financial turnaround from the previous year’s deficit of £1.496 million, reflecting an improvement of £1.867m in funds generated before pension adjustments.

Following the AGM, the CEO and chairman held a Q&A session. The Q&A session provided an opportunity for tenants and owners to raise local issues related to a wide range of subjects including, estate services and housing repairs.

On the same day, the community raised £500 for MacMillan Cancer Support, showing their kindness and commitment to good causes.

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