Component accounting solution helps Antonine HA become SORP compliant

Component accounting solution helps Antonine HA become SORP compliant

Scotland-based housing association implements RAM’s component accounting software to adhere to SORP guidelines

Antonine Housing Association, a Scottish provider of quality housing and housing services has selected software from Real Asset Management (RAM) to manage its £12 million asset base in line with the Statement of Recommended Practice (SORP). With impending deadlines forcing Associations to act sooner rather than later, RAM has seen numerous housing associations sign up to using its software since January 2011, a third of which are based in Scotland.

Established in 2000, Antonine works closely with owner-occupiers, tenants and local councils to provide quality services that contribute to the well-being of the communities they serve. In addition to providing repairs and maintenance to all communal areas, Antonine provides a ‘Care & Repair’ service – a free and confidential home-based service that assists clients to maintain, improve or adapt their homes enabling them to remain in comfort and safety in their own community.

From April 2012, Housing Associations will be obliged to break their assets down into individual components. Anything that is currently deemed replaceable, for example a roof or bathroom, will be considered an individual asset under the new rulings. With 340 houses under its management, Antonine’s asset register will rise to over 2300 items under the new guidelines. This increase highlighted the need for a robust asset register that would provide the component level accounting detail required to meet the new SORP guidelines.

Michael Devlin, Director at Antonine Housing, realised that the excel spreadsheet system he was once reliant upon was becoming redundant and that it was time to invest in IT. He comments, “One of the attractions of RAM’s system was the ability for it to be integrated with our current software. Our software provider demonstrated the services available and we were impressed at how easy we could transfer information from the old system over to the new system. The software’s potential will inevitably provide us with useful management information for the future.