The Board have today published their Annual Report & Financial Statements 2018 for the financial year ending 31st March 2018. The report and accounts were received and adopted at the Annual General Meeting of shareholders on 27th September 2018.
The accounts include a report on Value for Money (VfM) in line with the requirements of the Regulator of Social Housing’s (RSH) 2018 VfM Standard and Code of Practice. There is no intention to publish a separate self-assessment this year. Instead the report demonstrates compliance with the VfM Standard and is focused around 5 key themes;
- Our strategic approach to obtaining VfM
- The Board’s strategy for developing new homes
- An appraisal of delivery structures
- Our approach to asset management
- Measuring VfM performance
The accounts have been subject to scrutiny by independent auditors, Beever & Struthers. They have included a report in these statements which gives an unqualified audit opinion, which means that auditors consider the statements to give a true and fair view of the state of the Society’s affairs as at 31 March 2018 and of its income and expenditure for the year then ended, and that the accounts have been properly prepared in accordance with relevant accounting legislation.