Theme Objective: What has
Accord committed to? Implementation:
What has been delivered?
Improve
return on
investment/
assets Improve operational outlets and
assets (disposal/change of use/
continued investment) through
Active Asset Management. n Strategic disposal of 44 existing properties generating
cash proceeds of £4.5m to support the supply of new
homes in 2017/18. Over £1m surpluses were generated
from these sales.
n Care and support properties have been redeployed
for general needs purposes where care and support
services have been ended by commissioning partners -
these assets now ensure an ongoing positive financial
contribution whilst meeting housing need.
n The Asset Disposal Strategy is owned by the Executive
which oversees strategic disposal decisions, ensuring
alignment to Business Plan objectives and deliverables.
n During the year Accord saw improved sickness absence
following a number of sustained HR initiatives.
n Accord’s continued investment in its people has delivered
a skilled and motivated workforce which has contributed
2016/17 surpluses being well in excess of budget.
n The Executive and Board regularly receive HR people
data relating to sickness and staff turnover, performance
against targets and sector averages to assess how well
Accord is generating appropriate returns on its investment
in its workforce.
n Using the stock disposal strategy and Register of Assets
and Liabilities targeted disposals have been undertaken to
further increase return on assets from remaining homes.
n Unit cost analysis is completed for Accord’s repairs and
maintenance function to understand VFM effectiveness in
the context of wider sector data. This data is used to inform
the delivery of Accord’s asset management strategy.
n Each development scheme or project is carefully
considered to not only ensure it is financially viable but
that Accord also develops the right homes in the right
places at the right times.
n Housing stock net present value data at a per unit level of
granularity is also used to inform the stock disposal process.
Development, asset management
and other major investment
decisions are always clearly
linked to strategic business
outcomes/objectives.
Improve return on investment in
people – demonstrate increased
added value from our investment
in staff costs.
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Accord Housing Association