South Holland District Council’s housing company Welland Homes has donated its profits from the last financial year to charity.
The company set up in 2015 was established to build more council houses and shareholders, most of which are councillors and council staff, are not meant to make a profit from it.
So this year’s gain of £100,373 is being given to Citizen’s Advice Lincolnshire, Active Lincolnshire and South Holland In Bloom.
The vast majority (£91,173) will go to Citizens Advice South Lincolnshire to continue its services.
Active Lincolnshire will receive £6,000 and South Holland in Bloom £3,200.
A Welland Homes spokesman said: “We’re delighted that Welland Homes has had another successful year, and that we are again able to support these great local causes that help improve our district and the vital support available for
residents.
“Welland Homes continues to grow and develop, as it has done over the last decade, which is testament to the hard work of everyone involved with the company as it has rightly established itself as a landlord of choice.”
