Leazes Homes Value for Money Self - Assessment 2017/18 1. Introduction 1.1 Leazes Homes is a small Registered Provider of social housing and as at 31st March 2018 had 718 social housing units. We are a charity, were incorporated in April 2009 and granted charitable status in January 2010. 1.2 Leazes Homes was set up by Your Homes Newcastle and Newcastle City Council to improve the supply of affordable homes. Following changes to the organisation’s Articles of Association, Leazes Homes became a private registered provider of social housing. Your Homes Newcastle provides housing management services to Leazes Homes and Newcastle City Council provides repairs and maintenance services. 1.3 This is the second Leazes Homes Value for Money Self-Assessment. 1.4 We aim to develop and improve our Value for Money Self-Assessment as we grow so we can demonstrate to our stakeholders that we are achieving value for money in delivering our purpose and objectives. 2. Regulation and Homes England’s Value for Money Standard 2.1 We are regulated by both the Charity Commission and the Regulator of Social Housing. The Regulator of Social Housing requires us to comply with their Value for Money Standard and Code of Practice. 2.2 The Value for Money Standard 2018 requires us to demonstrate: • • •
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A robust approach to achieving value for money; Regular and appropriate consideration by the Board of potential value for money gains; Consideration of value for money across our whole business and where we invest in non-social housing activity, we should consider whether this generated returns commensurate to the risk involved, and justification where this is not the case; and Appropriate targets in place for measuring performance in achieving value for money in delivering our strategic objectives, and that we regularly monitor and report performance against these targets.