4. Ingoing works (works undertaken to prepare the house for the next member of clergy) Ensure that ingoing works of an appropriate standard are carried out as soon as properties become vacant to enable us to let properties when vacant. 5. Reactive and minor works Ensure an appropriate timely response, identify trends and issues, resolve issues, communicate well with suppliers and customers. 6. The LDF aims to maximise returns from properties that are let longer term as well as maximising returns from the short term letting of vicarages when there is not a clergy person in post. Parsonage developments Identify opportunities, and maximise the capital returns from obtaining planning permission before then selling on the site. Our broad aim over the next 5 years, is to realise c £10m after costs. Investment property Develop the Investment Portfolio to increase the income and capital returns to benefit both current and future generations. The current approved strategy through to 2023 seeks to increase the net income from £3m in 2018 to £4m and increase capital above the rate of inflation. Property accounting and management information Ensure appropriate financial/data practices are in place, income collected, suppliers paid, debt collected, and financial/operational information recorded. Ensure that, management accounts, statutory accounts and VAT returns are completed on time.
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