One important aspect of Tamar's work is ensuring that the organisation continues to be financially viable, i.e. that the Society has the financial resources to be able to fulfill its objectives and its obligations to its residents.

This year Tamar commissioned a full stock condition survey of all its properties to ensure that it meets Decent Homes Standard by 2010, and continued to concentrate on improving the properties, spending over half a million pounds on its capital and major repairs.

At the same time, Tamar’s plans to develop more homes for people in the area continue, and Tamar has successfully negotiated an attractive refinancing and new finance deal with one of its main lenders, so that Tamar can now make further efficiency savings in interest costs, as well as finance the new development projects underway.

The graph below shows where Tamar spent your rents (our income) of just over 2 million in the year. We are a not for profit organisation, and Tamar made a small deficit this year, choosing to spend most of its income on improving your homes and our services to you.