Annual Review 2016 - newydd.co.uk

New Llantwit Majorhousing praised byCouncillor See page 5

Garden competition results Page 8

Coping with sight loss 0

Get hapi Page 11

Annual Review 2016

Also inside:

2 newydd housing

ContentsMessage from our Chair 3

Welsh Government standards 4

Tenant scrutiny wins again 4

Cwrt Col-Huw launch 5

Woodlands Road 5

Independent living 6

Estate ambassadors needed! 7

Anti-social behaviour update 7

Garden competition results 8

Food and Friends 9

Digital Fridays in RCT 9

Young volunteers in Rhydyfelin 10

Coping with sight loss 10

The hapi project 11

Our corporate plan 12

How are we performing? 16

Our Board members 21

How much rent do we charge? 22

Financial accounts 23

Different formatsIf you require In View in otherlanguages or formats, includingWelsh, Braille, large font or on CD ortape then this is available on requestby contacting Mared Williams on 02920 005412 or [email protected] are also able to use ourLanguage Line service to speak tosomeone in your preferred language.Please contact Newydd by calling0303 040 1998.

WelshLanguage SchemeWe have a Welsh Language Schemeapproved by the former Welsh LanguageBoard. The scheme and monitoringreport is available on request and alsoin the ‘Library’ section of our website.Our website is now fully bilingual.

CYMRAEG

About usWe put our tenants and customersfirst in all we do. We are a charitablehousing association with nearly3,000 quality homes for rent andsale in Mid and South Wales.

Welcome to the Annual Reviewedition of In View magazine!

3www.facebook.com/newydd

Whatever the future holds Newydd’s visionwill be the same, to provide affordable homesand support sustainable communities withexcellent services to tenants and customers.It is also important that the way we deliverservices is consistent and to achieve this wehave kept our values, these are transparency,sustainability, equality and excellence. Youcan view key elements of our Corporate Planfor 2016-2021 on pages 12 to 15.

Despite the uncertainty Newydd is in goodshape. Our governance is in order and wecomply with the housing sector’s Code ofGovernance. The Welsh Government hasconfirmed we are financially strong by awardingus with a straight pass in its annual financialviability judgement. We also reached 13thplace in The Sunday Times Best CompaniesTo Work For 2016 list, providing a foundationto deliver better services and more homes.

The Board looks forward to working withtenants to deliver our aims over the next fiveyears. I would like to thank tenants, staff,partners and fellow Board members for theirhard work and commitment as we face thefuture.

Finally, I must thank Lyn Bond (above right)who has taken on the role of Chair whilst Ihave been on maternity leave, I am gratefulfor her support and enthusiasm.

Vikki Evans, Newydd Chair (above centre)

A key responsibility for any Board is to plan for the future. We have beenworking on our five-year Corporate Plan but this isn’t easy with changesaround us. Much of our planning was done before the Welsh Assemblyelections in May and the vote to leave the European Union.

Sign up and you can:

• Pay rent• Report repairs• Update contact details• Report anti-social behaviour and more.

Visit www.newydd.co.uk/myaccountand sign up today!

Vikki looks to Newydd’s future

My AccountThe simple way to manageyour Newydd account

Do we achieve Welsh Government standards?

4 newydd housing

All housing associations in Wales are answerable to the WelshGovernment for the way they carry out their duties. The requirementsare set out in ten delivery outcomes which the Newydd Board reviews atevery Board meeting.

The table below shows whether we are achieving these standards or not:

Congratulations to our tenant scrutinygroup for winning the TPAS CymruTenant Scrutiny Award for a secondyear in a row. They received theiraward for The Inspect Project at aceremony in Llandudno back in July.Also congratulations to Cath Kinson(right opposite) who was runner up inthe Tenant of the Year category.

Tenant scrutinywins again!

Delivery outcome Board’s judgmentWe place the people who want to use our services at the heart of ourwork – putting the citizen first

Achieving

We live public sector values, by conducting our affairs with honestyand integrity, and demonstrate good governance through ourbehaviour

Achieving

We make sure our purpose is clear and we achieve what we set out todo – knowing who does what and why

Achieving

We are a financially sound and viable business Achieving We engage with others to enhance and maximise outcomes for ourservice users and the community

Achieving

We build and renovate homes to a good quality Achieving We let homes in a fair, transparent and effective way Working towards

We manage our homes effectively Working towards We repair and maintain homes in an efficient, timely and costeffective way

Working towards

We provide fair and efficient services for owners Working towards

A summary of conclusions is also available on our website www.newydd.co.uk/about-us/regulatory-compliance

5@newyddhousing

Cwrt Col-Huw, our new housingdevelopment at the site of the oldRoyal Mail sorting office in LlantwitMajor, was praised at the launchevent on the 5th of July.

Councillor Gwyn John, Cabinet Member atthe Vale of Glamorgan Council, said, “CwrtCol-Huw proves that the partnershipbetween the Vale of Glamorgan Council,Welsh Government and Newydd, the hardwork put in by all parties, brought thisscheme to fruition. It is a footprint for futuredevelopments.”

Completed in April, it has provided 13 twobedroom and 5 one bedroom apartmentsfor rent to local people.

Mrs Jean Price lives in an apartment on thesecond floor with her husband, she said,“With a view of the sea and so close to thecentre of town and local facilities, our homeis impressive. Even though we have lived inthe Vale for 35 years we never thought we’dget a new property like this.”

New Llantwit Major housingpraised by Councillor

Work has started on a £3.5 millionhousing development in Barry that willoffer 30 new homes to local people.

These brand new apartments are beingbuilt on the site of the former adult trainingcentre, by contractors Pegasus Developmentand Greenwich Communities for Newydd andin partnership with the Vale of GlamorganCouncil and the Welsh Government.

This new development will offer 24 onebedroom and 6 two bedroom apartmentsfor affordable rent. Of these apartmentsthree will be adapted properties for peoplewith mobility issues.

As part of the development, apprenticeshipopportunities will be available to local peopleand contributions of £68,000 will be spenton public open space as well as £30,000 onimproving transport options for the area.

£3.5 million housing development beginson Woodlands Road

This development is scheduled

to be completed summer 2017

6 newydd housing

Our independent living schemesare designed for people aged 55and above who wish to retaintheir independence.

Newydd owns and manages ten schemesfor older people in Rhondda Cynon Taffand the Vale of Glamorgan. Some of theseschemes have an on-site IndependentLiving Officer who ensures that tenantshave access to the best advice, support,services and accommodation possible. Theyalso arrange social activities too, from daytrips to art classes to competitions withother schemes, there is always an opportunityfor tenants to get involved and socialise.

Our independent living schemes areequipped with emergency pull cords thatare linked to a call centre manned 24 hoursa day. Some schemes also have a door entrysystem for additional piece of mind.

Thank you for returning your repairsatisfaction questionnaires. These helpus address any concerns you may haveabout the way repairs are completed.

The lucky winners for the monthly draws were:

January 2016Mr WJ Wesley from Aberdare

February 2016Mr D Hockey from Barry

March 2016Mrs S Britton from Barry

Keep returning your questionnairesfor your chance to win!

Supporting your independence

Last year over 500 tenants attended ourroadshows and this year we have been outand about again! We have been busy talkingto tenants about My Account, UniversalCredit, welfare reform and how to helpimprove your estate and Newydd services.

For more information go towww.newydd.co.uk or contact

Dina on 02920 005472 [email protected]

Are you a winner?

£100

Missed out on oursummer roadshows?

If you missed our roadshows and

would still like to talk to us please

contact your Housing Officer on

0303 040 1998.


We are looking for volunteers to becomeEstate Ambassadors. Tenants know theirhomes and communities better than anyoneelse, and with your insight and involvementcomes the ability to make a huge contributionto the areas in which you live.

By volunteering as an Estate Ambassadoryou will represent your street, estate orscheme. You will work closely with housingofficers, Newydd staff and partner agenciesto highlight and influence neededimprovements, point out any potentialhazards and help resolve community issues,like fly tipping and anti-social behaviour.

We now have a:• revised policy and procedure to

incorporate new legislation • leaflet and video explaining the anti-

social behaviour process• database which provides unique

reference numbers • customer feedback card • report written by the Tenant Scrutiny

Group suggesting improvements• Anti-Social Behaviour Champion on the

Newydd Board. David Birch reviews theprogress of our improvement plans

• ASB reporting system on our website.

We work closely with the police and localauthorities to try and resolve anti-socialbehaviour. The biggest challenge has beenmaking tenants aware of the way anti-socialbehaviour is dealt with and resolved.

Remember:1. We need your help. It’s difficult to resolve

ASB without help from those sufferingfrom it. Victims need to tell us and thepolice

2. Call the police. Dial 101 or 999 in anemergency

3. Record all incidents. Tell us what’shappening, including dates and times.

Stand up to anti-social behaviour

Estate ambassadors needed!Do you want to make your community a cleaner, safer and greener place to live?Do you think you could make a difference in your community?

If you are interested in becomingan Estate Ambassador, please askto speak to your housing officer bycalling 0303 040 1998 or [email protected]

Since Anti-Social Behaviour (ASB) Coordinator Hayley Nunns (below centre)joined Newydd a lot has changed.

8

The standard of this year’s garden competition entries were extremely highwith hard work clear to see. This has made it difficult for Lisa Williams, ourCommunity Garden Manager, to judge however we are proud to announce the following winners who each receive £50:

Keen gardener in Newtown? We have taken over a smallallotment in Newtown and needvolunteers to help us manageit. If you are interested involunteering contact Alan on02920 005452 or [email protected]

Congratulations toDonna Maclistonwho won the GreenVolunteer Award atthe 2016 WalesVolunteer of the YearAwards in June forher work at the BarryCommunity Garden!

newydd housing

Newydd in bloom

Best individual gardenMr B Harding

Fieldview Close, Penarth

Best herb gardenMs S Voisey, Phyllis Street,

Barry Island

Best communal gardenMr R Dutton, Newydd Court

Congratulations Donna

Well done to everyone

who entered and keep

up the good work!

Best veg patch orgreenhouse

Alltwen, Abernant

Best water featureMs B Kemp, Phyllis Street,

Barry Island

Best hanging basket or window box

Mr R Ellis, Heol Pengwern,Newtown

Best use of recycledmaterials

Mr and Mrs Lewis,Poets Field Close, Barry

Best independentliving garden

Alltwen, Abernant

results 2016

9@newyddhousing

Pop-up kitchens were held at three ofour independent living schemes inMay and June. Not only were thecooking workshops free to attend, butso were the ingredients.

The ‘Food and Friends’ project aims to reducesocial isolation, break down barriers to learning,teach new nutritious recipes and introduceparticipants to new learning opportunities.

A Housing Innovation Grant from the Learningand Work Institute and a Newydd GAP Granthave helped fund the ‘Food and Friends’ project.The sessions allowed tenants with mobilityproblems, sight loss and low confidence to learnin a fun and relaxed environment.

Ann Anthony, who suffers from Alzheimer’s,said, “I haven’t cooked for years as I forget what Ineed to do. This has been lovely as I have hadhelp from staff and friends to do the simpletasks I have trouble with.”

Free digital drop-in sessionshave now been launched acrossRhondda Cynon Taff to encouragethe community to get online.

These free sessions can help you withanything from basic computer skills toonline banking and social media, youcan learn whatever you want to! Youdo not need to own a computer andyou don’t need to book.

This project has been developed byNewydd, RCT Council, CommunitiesFirst, RCT libraries, Digital CommunitiesWales, Rhondda Housing Associationand Trivallis (formerly RCT homes).

Now you’re cooking!

Digital Fridays in RCT

These sessions are also run in the Vale ofGlamorgan. Call Scott on 07584 501216 [email protected]

Come along to the below libraries on Fridays from 10am-12pm.• Ferndale Library• Hirwaun Library• Mountain Ash Library • Pontypridd Library• Tonypandy Library• Capel Farm Resource Centre, Tonyrefail• Rhondda Communities First, Cwmni Office, Treherbert• Porth Plaza

10 newydd housing

Every Tuesday young people from Rhydyfelinvolunteer their time to transform old woodenmaterials and pallets into benches andflower boxes. These are sold to tenants andother community projects, including theSustaining Life project who gave them £150for the items they made.

Leader of the project, Sam Holt fromEggseeds, said, “The young volunteers haveworked incredibly hard over the last fewmonths to build benches and raised bedflower boxes for the community. It has beenan incredible journey for everyone involvedand I’m glad I was able to help facilitate it.”

Since April the project has worked withmore than 55 young people from Newydd,Hafod Housing, Trivallis (formerly RCTHomes) and RCT Council.

Being diagnosed with sight loss can beoverwhelming. There may be times whenthings feel tough, but RNIB can help.

Do you have questions about your eyes oran eye condition? Do you know or careabout someone with sight loss and wouldlike help in understanding their condition?

RNIB have friendly, supportive staff whocan answer questions on:• Your or another’s eye condition• How older eyes or eye conditions may

affect you• Treatment options• How to protect your eyes• Support groups near you• Aids and adaptations to support you with

getting about and continuing withhobbies

• Benefits and concessions• Your rights

We have departments which specialise inthese areas and with your permission youwill be transferred to the departmentswhich can best support you. The service isconfidential and you can call anonymously ifyou wish.

Coping with sight lossRNIB Helpline: 0303 123 9999

Young volunteers in Rhydyfelin

FOR SALEWooden flower boxes for £10 andbenches for £35. To purchase or for more information,

contact Scott on 07584 501216 oremail [email protected]


Newydd’s hapi project (healthy, aspiring,prosperous and inclusive) is a 2 year healthand wellbeing project funded by the BigLottery People and Places Fund.

It aims to empower people in Rhydyfelin,Hawthorn and surrounding areas to makepositive health choices.

Since hapi began last summer, over 525people have taken part and 11 volunteershave accumulated 255 hours of volunteering byrunning coffee mornings, cooking classesand assisting with events.

Weekly activities include: • Get Cooking where people learn to

prepare healthy, affordable meals• confidence building, counselling and

coping with anxiety sessions• sport and physical activities, including a

walking group • working with Stop Smoking Wales, 4

people stopped smoking betweenFebruary and May 2016.

To take part please contact the hapi teamon 07899 665807 or [email protected]

Get hapi!

“It helped me understand that I amnot on my own.” Participant, Managing Anxiety

“My friends say I am changing, I’velost a lot of weight.”Participant at a coffee morning

AFFORDABLE HOMES

SUSTAINABLE

OUR VALUES

OUR OBJECTIVES

Homes that are well designed and located,with affordable running costs

Homes for rent and sale that are affordable

for people on low earnings or in housing need

Communities where thequality of housing andthe environment is high

TRANSPARENCY

OUR VISION

Effective partnershipsand strong reputation

Happy customers and strongcommunities

Performing efficiently

and effectively

12 newydd housing

The Board have reviewed the corporateplan to set future targets. The followingdiagrams have been produced to illustratewhat we want to achieve at Newydd.

EXCELLENT SERVICES

COMMUNITIES

Services delivered by positively engage

d staff

Communities that people areproud to live in

Communities where everyone

feels included and safe

Services that meet individual

needs and are accessibleServices that are good value and improving

EXCELLENCESUSTA

INABIL

ITY

AND EQUALIT

Y

Our vision is to provide affordable homes and support sustainablecommunities with excellent services to tenants and customers

Manage risk andremain financiallyviable

More homes tomeet futurehousing need

Homes are goodquality and leteffectively tomeet need Strong accountableleadership and healthy,safe and engaged staff

13@newyddhousing

2016

79%of homes make a

positive contribution tofinancial outcomes

88%homes with >70 SAP

energy rating

83%of tenants satisfied

with services

69%tenants say they are proud of their

community

Maintain coreservices in return forWelsh Government

target rent

2★status in Best

Companies survey

88%tenants say they feelsafe in their home

89%new tenancies lastingmore than one year

2,679homes

14 newydd housing

2021

90%new tenancieslasting morethan one year

Maintain coreservices in returnfor a living rent Retain 2★

status in BestCompaniessurvey

90%of homes

make a positive contribution to financial outcomes

additional

500new homes

100%homes with >70SAP energy

rating

90%of tenants satisfied

with services

80%tenants say theyare proud of

their community

90%tenants say theyfeel safe in their

home


16 newydd housing

How are we performing?

Rent and money advice

Providing support for tenants who are struggling to pay their rent is a priority for us. Last year119 tenants were referred to the money advice service. Eviction for rent arrears is always alast resort and the number of evictions remains low. If you are worried about UniversalCredit or struggling to pay your rent please contact us on 0303 040 1998, [email protected] or go to www.newydd.co.uk/money-advice

Rent collected2015/16: 96.5%2014/15: 96.5%

Our target: 98.9%

Rent arrears owedby current tenants

2015/16: 2.3%2014/15: 2.2%

Our target: 2%

Rent arrears owedby former tenants

2015/16: 3.1%2014/15: 2.9%

No target

Rent lost due to empty homes

2015/16: 0.9%2014/15: 1.2%

Our target: 1.2%

Amount of former tenant

arrears written off2015/16: £46,6272014/15: £31,029

No target

Number of noticesof seeking possession

due to rent arrears2015/16: 3702014/15: 348

No target

Number of tenants evicted due

to rent arrears2015/16: 192014/15: 15

No target


Anti-social behaviour

We have seen a reduction in the number of complaints, the majority refer to noise nuisance,pets, fly tipping and disruptive visitors. Tenants play a key part in the management of anti-social behaviour, eviction isn’t the only option. Complainants are expected to help byrecording incidents, taking part in mediation and reporting incidents to the police. Withoutthis we may not be able to take further action. This year we also obtained injunctions andresolved complaints by serving a tenancy caution or through mediation.

Number of new anti-social

behaviour cases2015/16: 1382014/15: 193

Number of live anti-social

behaviour cases2015/16: 382014/15: 53

Number of evictions to

tackle anti-socialbehaviour2015/16: 12014/15: 3

Our properties remain in high demand withover 97% of new tenants choosing to stay with us after their first year. New common housingregisters in Powys and Rhondda Cynon Taffhave improved the way that we allocate our homes too.Other forms of housingare being piloted to include a housing cooperative in RhonddaCynon Taff and shared accommodation for under 35’s in the Vale of Glamorgan.

Number of closedresolved anti-social

behaviour cases2015/16: 1472014/15: 137

Number of lettings

2015/16: 3312014/15: 342

Greatest number of refusals2015/16: 9 – one bedroom flat

2014/15: 16 – two bedroom flat

New tenancies that last formore than 12 months

2015/16: 97.4% 2014/15: 85%

New tenancy visits madewithin six weeks

2015/16: 98.5% 2014/15: 92%

Properties letwithin 10

working days2015/16: 60%2014/15: 61%

Number ofproperties

vacant at 31stMarch 20162015/16: 262014/15: 25

Tenancy turnover2015/16: 12.1% 2014/15: 12.7%

Empty homes and lettings

User satisfaction with the anti-socialbehaviour service

(responses from both parties)

2015/16: 100%2014/15: 100%

18 newydd housing

How are we performing?

Has our maintenance service improved?

Due to a long period of wet weather there has been an increase in roof repairs, affectingour contractor’s ability to resolve a large number of these on time. ASW, our maincontractor, has now solved this situation. We have extended our agreement with heatingcontractor Westward Energy Service Ltd for a further 3 years as a result of the good serviceprovided. In the future Newydd will look at expanding our direct labour operation tocomplete more responsive repairs and offer a planned maintenance service.

Repairscompleted

on time2015/16: 97.1%2014/15: 98.5%

Our target: 99%

Tenants still satisfiedwith repair at time of

post inspection2015/16: 99%

2014/15: 99.1%Our target: 99.25%

Appointments notkept and the tenant

was not told2015/16: 0.1%2014/15: 0.2%

Our target: 0.25%

Tenants not satisfiedthat the contractorwas suitable skilled

or equipped tocomplete the work

2015/16: 0.1%2014/15: 0.2%

Our target: 0.25%

Number of propertiesthat received a 4th visitin an attempt to resolve

their heating fault2015/16: 2

2014/15: 10Our target: 0

Tenants notsatisfied with theircompleted repair

2015/16: 1%2014/15: 1%

Our target: 1%

TenantSatisfaction

Surveys returned2015/16: 17%2014/15: 16%

Our target: 40%

Budget spend on planned

maintenance2015/16: 61%2014/15: 70%

Our target: 70%

Budget spend on reactive

maintenance2015/16: 39%2014/15: 30%

Our target: 30%

19@newyddhousing

Accessible services at NewyddWe monitor our services and requests from tenants to ensure we provide accessibleservices appropriate to people’s needs.

Equality Powered Performance

Language Linerequests/times it

was used2015/16: 1 2014/15: 1

Requests forinformation in

different languagesand/or formats

2015/16: 68 2014/15: 75

Tenants with up-to-date profiling

information2015/16: 70% 2014/15: 70%

Appointment timesconfirmed by letter,

text or email2015/16: 100% 2014/15: 100%

Time taken for hate graffiti to be

removed2015/16: 6 hours2014/15: 9 hours

Adaptedproperties

within stock2015/16: 15%2014/15: 14%

20 newydd housing

Equality in the workplace

The Cadarn and Newydd Boards have signed up to the Leading Diversity Challenge toensure that by 2020 they will be at least 40% female, 40% male and 20% from under-represented groups. We hope that elections at this year’s Annual General Meeting will helpus achieve this. Please contact us if you are interested in becoming a Board member.

Board member Staff Leadership team Aims

Gender 75% Male25% Female

37% Male63% Female

36% Male64% Female

Minimum of40%

male/female

Age 44% 55 or older12% under 35

14% 55 or older26% under 35

21% 55 or older21% under 35

More balancedage mix

SexualOrientation

88% heterosexual6% gay

6% prefer not to say

87% heterosexual2% gay


93% heterosexual7% prefer not to say

Religion and belief

50% Christian44% no religion



19% prefernot to say



Race 94% white6% other

98% white2% other 100% white

Genderreassignment

100% same as at birth

100%same at birth

100% same at birth

Disability 81% no disability19% no response 97% no disability 100% no disability

At least 20%from one or more under-represented

groups


Board remuneration 2016/17Total Board member remuneration £nil. Total Board member expenses £1550.29.

Our Board members

Chief ExecutivePaul Roberts: Appointed 19922015/16 remuneration: £96,917Expenses: £414.02

Finance and Resources DirectorElizabeth Lendering: Appointed 20092015/16 remuneration: £75,890Expenses: £151.15

Housing DirectorJason Wroe: Appointed 20042015/16 remuneration: £69,174Expenses: £191.50

Property DirectorSimon Morris: Appointed 20032015/16 remuneration: £70,166Expenses: £239.75

The Boards are responsible for the running of the organisation. They set strategy and monitorperformance to ensure that we are meeting the standards laid down by the Welsh Government.

Board member Cadarn NewyddLength of

service(years)

Notes

David Birch ✔ ✔ 7 Cadarn Chair, Value for Money Championand Anti-Social Behaviour Champion

Lyn Bond ✔ ✔ 7 Tenant, Equalities and Customer CareChampion, Newydd Vice Chair

Mike Cuddy ✔ 29 Asset Management, Regeneration andDevelopment Champion

David Evans ✔ 21Richard Coombe ✔ 5 Martin Symonds ✔ 5Victoria Evans ✔ ✔ 5 Newydd ChairOwen Griffiths ✔ 1 TenantChris Johnes ✔ 3Steven Gammon ✔ 1 TenantMatthew Dicks ✔ 4 Risk ChampionGoi Ashmore ✔ 1Claire Marshall ✔ 1 Cadarn Vice ChairRhys Thomas ✔ Less than

1 yearCo-opted

The Senior Management Team

Special notes:Remuneration includes car allowances. The Chief Executive’s period of notice is 6 months.All permanent staff are eligible to join the Social Housing Pension Scheme administered byThe Pensions Trust. Staff will be automatically enrolled subject to meeting the age andearnings requirement. Staff reserve the right to opt out of the scheme.

22 newydd housing

How much rent do we charge?

Our rents are set in line with Welsh Government guidance. The amount of rent chargeddepends on a number of factors including size, location, age and type of property. Some ofour properties may have rents that are higher than the below figures. The following tableshows the range of typical assured weekly rents that apply from April 2016 to March 2017.

In which counties can you find Newydd homes?

Newydd’s standard rents per week for 2016/17

One bed flatFrom To£69.92 – £85.49

BedsitFrom To£65.81 – £71.41

Two bed flatFrom To£77.47 – £94.99

One bedroom flatFrom To£70.30 – £82.71

Two bedroom flatFrom To£80.38 – £90.87

Two bed houseFrom To£85.41 – £103.45

Three bed houseFrom To£89.70 – £114.40

Four bed houseFrom To£105.99 – £126.37

Independent living accommodation

2559 49 129 317 57

Local authority

Affordablerent

MarketRent

Affordablehome

ownership

Managedunder

Managementagreement

Accommodationwhere supportis managed by

partnersCaerphilly 1 7Cardiff 32 11Ceredigion 9Merthyr Tydfil 5Bridgend 1Neath Port Talbot 67 3Powys 218 5Rhondda Cynon Taf 800 23 17Torfaen 38Vale of Glamorgan 1440 11 66 317 40

Total

23@newyddhousing

Where do we spend your money?

In our opinion the summary financialstatements are accurately extracted fromthe audited financial statements of NewyddHousing Association (1974) Ltd for the yearended 31st March 2016. Our opinion on thefull financial statements was that they showa true and fair view are in accordance withapplicable law and United Kingdom GenerallyAccepted Accounting Practice. At the timethe audit report was dated we provided atrue and fair view of the state of the

Association’s affairs as at 31st March 2016and of its surplus for the year then ended.

Mazars LLP – Chartered Accountants(Statutory auditor)45 Church StreetBirminghamB3 2RT

Date 3rd August 2016

Independent Auditor’s Opinion

Service charges increased by £65,000 in theyear, the second year of increase after twoyears of falling service charges. Anadditional £80,000 of grants has been

invested in community projects. The increasein rental income has allowed us to continueto invest in our existing and new homes.

We borrowed £4,860,000 last year andreceived almost £4,000,000 in grant fundingwhich we used to complete 107 new homes

and are committed to building a further 93new homes by 2018. We continue to invest£2,000,000 a year on improving existing homes.

This is how we spent our income

Maintenance2016 2015

31% 31%Staff costs

2016 2015

19% 23%Loan interest & costs

2016 2015

18% 19%Office and other

running costs2016 2015

9% 11%Estate and otherproperty costs2016 2015

10% 10%

Surplus2016 2015

13% 6%

Newydd’s rental and services charge income increased by £959,000compared to last year due to the development of new properties andthe annual rent increase.

Financial accountsNewydd Housing Association Ltd

Summary Statement of Comprehensive Income

for the year ended 31st March 2016 2015/16 2014/15 £’000 £’000 Turnover 13,695 12,857Operating expenditure (9,692) (9,911) ------------- ------------Operating surplus 4,003 2,946Surplus/(deficit) on disposal of property 56 (79)Other finance income 12 73Interest payable and finance costs (2,460) (2,025)Surplus on revaluation of investment properties 101 12 ------------ -----------Surplus and total comprehensive income for the year 1,712 927 ======= =======Summary Statement of Financial Position 2015/16 2014/15 £’000 £’000

Total Fixed Assets 170,193 161,385Deferred debtors 683 690Current AssetsStock 907 -Debtors 2,246 1,407Cash at bank and in hand 3,157 3,044 ------------ ----------- 6,310 4,451Creditors: amounts falling due within one year (6,167) (4,691)

Net current assets / (liabilities) 143 (240) ------------ -----------Total assets less current liabilities 171,019 161,835Creditors: amounts falling due after more than one year (152,774) (145,302) ----------- ------------Net assets 18,245 16,533 ====== =======Capital and reservesRevenue reserve 18,245 16,533 ====== ======

Telephone: 0303 040 1998Text: 07539 115 [email protected]

Newydd Housing AssociationTy Cadarn, 5 Village Way,Tongwynlais CF15 7NE

W NewyddB @NewyddHousing

Annual Review 2016 - newydd.co.uk

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Transcript of Annual Review 2016 - newydd.co.uk