Page 8 - Annual Report 2019

Value for Money Standard Annual Report to tenants
2018/2019

Where does our money come from?

For every £1
68.5p: Rents and service charges 9.4p: Development loans 9.4p Development loans
collected... 68.5p Rents and service
charges

8.7p
Property sales

8.3p
Development grants
8.7p: Property sales 3.2p Trading and other

activities
1.4p
Garage and shared

0.5p ownership rents
Charges to
leaseholders

Where do we spend our money?

For every £1 we
24.9p: Management and services
spend... 32.6p New developments

24.9p
Management and
services

22.0p Interest on loans

19.3p Repairs and

improvements
22p: Interest on loans
1.1p Other
19.3p: Repairs and improvements 0.1p Bad debt

32.6p: New developments

Overall net efficiency Additional operating Potential additional new homes funded by the additional
savings in expenditure surplus generated operating surplus
£1.98m £2.86m 67 new homes

Taken from the accounts of The Wrekin Housing Group Limited (parent company only)

Home