Funding Sources

Funding sources

Rent accounts for the very vast majority of our annual income.  On top of rents we receive grant money from Glasgow City Council to adapt residents’ homes (in response to a medical condition).  The grant covers the cost of the adaptation work, and we receive an allowance of 10% (of works cost) for admin expenses.  We expect to have an adaptation budget for of approximately £20,000 for 2020/21, so that should ‘bring in’ about £2,000 in allowances.  

Our income is sometimes augmented by grants that we get to fund projects, and interest accrued from investments.