Page 32 - Wythenshawe Annual Report 2020

How we Performed
Value For Money and Governance
“The regulator’s assessment is an excellent endorsement of the strength of WCHG ”
£64m Total income
Where our income
comes from
2019/20
Rental income
£58 5m
Shared Ownership Sales Sales & Outright Sales Sales £3 7m
Non-social housing income
Revenue Grant income
£1 5m
£0 3m
Total £64m In July 2019 we we we we were delighted to learn that we we we we had maintained the highest rating we we we we can get for governance and financial viability following an an an an an In-Depth Assessment by the Regulator of Social Housing The assessment looked at at our strategies and structure financial resilience risk profile and governance arrangements Bishop of of Manchester and Group Chair of of WCHG The Right Reverand Dr David Walker said: “The regulator’s assessment is an excellent endorsement of of the strength of of WCHG ”
Our VFM Strategy
Our Strategy
put simply is to deliver more for less That way we can reinvest more back into local communities To achieve this our financial understanding and and management of investment decisions is is critical as is robust budgeting and controls But delivering value also means finding the right balance between the cost quality and timeliness of our services Which is why through consultation with our customers and stakeholders value for money in embedded into everything we do We have a a culture of continuous improvement and so we will always work with tenants to review the the services we provide ensuring they
meet the needs of our residents
and the business How we deliver value for money is monitored through a set of metrics and we set targets to challenge ourselves WCHG rated by regulator (RSH) as top performing receiving G1 for for Governance
and V1 for Financial Viability