Performance and Value for Money
Value For Money Statement 2024/25 YMCA Trinity Group is committed to achieving Value for Money across all aspects of the business. The Association has implemented a new Value for Money Strategy as part of it’s Business Risk and Control Framework. The strategy was approved by the Board of Trustees and has oversight from the Finance, Risk, Audit and Compliance Committee. The strategy ensures the following; X Strategic Decision-Making: Embedding VFM into business planning and governance. X Financial Sustainability: Strengthening forecasting, stress testing, and budget discipline. X Resource Optimisation: Maximising the impact of our assets and workforce. X Performance and Cost Management: Ensuring robust oversight and accountability. As part of this strategy an annual value for money review is carried out and reported to the Finance, Risk, Audit and Compliance Committee. In 24-25 the total Value for Money savings achieved were: £424,699. Examples include: X Batt House Window Restoration Project – using multiple specialists to achieve best value £25,000 X Challenging historical utilities charges – historical errors identified and challenged saving £49,000 X Improved Fire Detection at The Cresset (Housing) – using a partnership approach to design variations and train- ing internal staff to reduce the need for external contractors saved £18,000 The Association also completed its annual self-assessment against the Regulator of Social Housing Value for Money compliance standard. The Association is committed to providing value for money and maximising resources to fulfil its mission.
Value For Money Metrics
24/25
23/24
Reinvestment % Investment in housing properties in the year as a percentage of the gross book value at the year end New supply delivered (social housing units) Total social housing units acquired in the year as a percentage of total social housing units owned at the year end Gearing % Total net debt (loans – cash- short term liquid investments) as a percentage of housing properties at cost Earnings before interest, tax, depreciation, and amortisation (EBITDA, major repairs included) interest cover % Surplus generated compared to interest payable
1%
0%
0%
0%
-3.01% 1.83%
-523% 495%
Headline social housing cost per unit
£19,136
£18,918
Operating margin (social housing lettings only) %
8.49% 9.90%
Operating margin (overall) %
3.20% 2.19%
Return on capital employed
1.04% 1.50%
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