Annual Report and Financial Statement
Our annual report and financial statement provide an open and transparent view of what we’ve achieved over the past financial year.
They give an indication of the challenges we’ve faced, how we’ve responded to them, whether we’re meeting our corporate objectives and how we’re delivering value for money.
Our main source of income comes from the rent our customers pay us and we are accountable for how we spend it. For us, Value for Money (VFM) is all about making the most of our income and getting the best possible outcomes from it.
By managing our money efficiently and effectively, we are able to provide homes and services at a reasonable cost and develop more new homes to meet local housing need.
In April 2018, the Regulator of Social Housing revised their Value for Money Standard meaning we are no longer required to complete a VFM self-assessment or statement. Instead we are required to report on a suite of metrics defined by the regulator. How we performed against these metrics can be found within our Financial Statements.
We want to make a valuable contribution to the people, communities and areas we operate in. Measuring the impact of the things we do is fundamental to this.
Convinced that there are mutual benefits to both the company and customers from wisely invested community resources, Helena recently approached the Housing Association’s Charitable Trust (HACT) to discuss developing an in-depth research project.
The aim is to show scientifically, using huge data sets, a real link between cause, community investment and their effect on the company’s services, performance and costs. If this is proven it will open the way for more informed investment decisions, provide assurance about what investments bring a return and will influence the shape of community investment for years to come. HACT, along with other like-minded RSLs, are now taking the project to the scoping stage and have recruited Daniel Fujiwara to work alongside their in-house research team.
To read the Torus Social Accounts, GGHT or Helena Social Accounts for 2017/18 click on the downloads below. Alternatively, to find out more about HACT, visit www.hact.org.uk
You can find our Gender Pay Gap Reports here.
0800 678 1894