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Executing the right strategy for Sanctuary

Sanctuary is an organisation with social purpose at its heart. We pride ourselves on being resilient, financially-strong and well-managed - because those qualities enable us to deliver our mission and serve our customers.

Annual Report and Financial Statements cover

Annual Report and Financial Statements

Sanctuary is pleased to report a strong performance for the financial year 2022/2023.

The last 12 months have seen another period of growth and recovery from the pandemic. The Group’s financial results reflect this progress with an improvement in surplus before tax which has been invested back in record reinvestment spend of £96m, while maintaining appropriate levels of financial robustness and resilience. 

Read the full report

Key financial highlights:

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Homes in management up 13.4% to 119,695

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Revenue up 16.2% to £943.8m

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Operating surplus up 11.8% to £199.6m

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Operating margin of 21.1% (2022: 22.0%)

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Underlying operating margin of 20.0%

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Social housing operating surplus margin of 33.1%

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Surplus before tax up 72.9% to £101.3m

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Cost

Underlying surplus before tax up 23.1% to £58.1m

Revenue growth across all business areas, combined with £51.9m of additional revenue from in-year business combinations, has resulted in total Group revenue of £943.8m, an increase of £131.3m (16.2%) from the prior year.

We held our latest Investor Update (PDF 2.5MB) on 7 July 2023. Our next investors update is scheduled for 16 July 2024.

Sanctuary took over Swan Housing Association in February 2023. For more information on the financial performance please see the Swan Housing Association Limited Annual Report and Financial Statements 2022/23 (3.65 MB).

Sustainability

Sustainability is one of our core values at Sanctuary. Our culture involves working together as one team to support our social purpose and putting our customers at the heart of everything we do.

As we grow and expand our services, we want our customers to help shape our decision making so that we can make a long-term positive impact to even more people in society.

View our Sustainability Hub
Housing Officer Janine Pulling with resident Rana Jude at Anderston allotments

Regulation

We are regulated by the Social Housing Regulator in England, the Scottish Housing Regulator in Scotland, the Care Quality Commission in England and the Care Inspectorate in Scotland. 

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Johnnie Johnson Housing joins Sanctuary

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Boards approve Johnnie Johnson Housing joining Sanctuary

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Decarbonisation and Net Zero Strategy 2023-2026 preview

We’ve published our new Decarbonisation and Net Zero Strategy 2023-2026

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Sanctuary appoints new non-executive Board member

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