Value for Money
We make sure every pound we spend delivers real value for residents and communities.
That means balancing efficiency with quality, investing wisely in homes and services, and keeping our organisation financially strong so we can continue to provide affordable rural housing for the long term.
This year, we maintained strong financial performance while protecting essential services and investing more in existing homes.
Careful planning and close monitoring by our Board ensure that resources are used effectively and transparently, focusing on areas that matter most to residents – safe homes, responsive repairs, and sustainable energy improvements.
By working efficiently and securing external funding, such as the Warm Homes Fund for energy upgrades, we continue to stretch our resources further.
Every saving made is reinvested into maintaining and improving homes, building new ones, and supporting the communities we serve.
Headlines 2024/25
Operating margin: 24.6% (improved efficiency against peers).
Annual surplus (Group): £1.8m (increase in core surplus after removing last year’s one-off merger gains).
Reinvestment: sustained spend on existing homes; capital spend on new schemes set to rise in 2025/26 as planning approvals come through.
Undrawn secured loan facilities: £23m available to fund investment; strong security headroom (~£49m).
Assurance you can rely on
Maintained the highest governance rating (G1) and a compliant financial viability rating (V2) from the Regulator of Social Housing.
Met funder covenants with comfortable headroom.
We publish a detailed Value for Money section each year and review performance monthly and at every Board meeting.
