Housing disposals eat into Anchor’s profits

Not-for-profit provider Anchor Trust experienced a small rise in turnover for the year ended 31 March 2014. At the year end, revenues stood at £265.8m compared to £264.8m the previous year. After operating costs of £247.5m were deducted (2013: £246.7m) Anchor recorded an operating surplus of £18.3m (2013: £18.1m). Due to a deficit of £1.6m on the disposal of housing properties, compared to a surplus of £8.2m the previous year, the operator’s surplus dropped from £21.8m in 2013 to £12.1m at the end of the report period.