The HRA income and expenditure statement shows the economic cost in the year of providing housing services in accordance with generally accepted accounting practices, rather than the amount to be funded from rents and government grants. Authorities charge rents to cover expenditure in accordance with the legislative framework; this may be different from the accounting cost. The increase or decrease in the year, on the basis upon which rents are raised, is shown in the movement on the Housing Revenue Account statement.
The HRA Income and Expenditure Statement records the transactions relating to the provision and maintenance of council housing. The account has to be self-financing and there is a legal prohibition on subsidy to or from council tax.
| Housing Revenue Account Income and Expenditure Statement | Note | 2024/25 £000's | 2025/26 £000's |
|---|---|---|---|
| Expenditure | |||
| Repairs and Maintenance | 17,203 | 15,728 | |
| Supervision and management | 36,776 | 38,497 | |
| Rent, rates, taxes and other charges | 6,700 | 4,649 | |
| Depreciation and impairment of non-current assets | 6 | 37,527 | 40,617 |
| Debt Management Costs | 62 | 60 | |
| Movement in the allowance for bad debts | - | - | |
| Revenue expenditure funded from capital under statute | 8 | 2,484 | 9,993 |
| Total Expenditure | 100,752 | 109,544 | |
| Income | |||
| Dwelling rents | (69,130) | (70,346) | |
| Non-dwelling rents | (1,419) | (1,692) | |
| Charges for services and facilities | (9,278) | (10,473) | |
| Contributions towards expenditure | (8,079) | (9,398) | |
| Total Income | (87,906) | (91,909) | |
| Net Cost of HRA Services as included in the whole authority Comprehensive Income and Expenditure Statement | 12,846 | 17,635 | |
| HRA services' share of Corporate and Democratic Core | 1,526 | 1,526 | |
| HRA share of other amounts included in the whole authority Cost of services but not allocated to specific services | 639 | (89) | |
| Net Cost of HRA Services | 15,011 | 19,072 | |
| (Gain) or loss on disposal of HRA fixed assets | 9,806 | (10,165) | |
| Interest payable and similar charges | 10,155 | 12,811 | |
| Interest and investment income | (664) | (564) | |
| Pension Interest cost and expected return on pension assets | (172) | (1,200) | |
| Capital grants and contributions receivable | (10,840) | (31,717) | |
| (Surplus) or deficit for the year on HRA services | 23,296 | (11,763) |