Financial Information and Value for Money

Value for Money

CHS Group has prepared a Value for Money self-assessment 2015-16 which aims to demonstrate to our stakeholders how we are achieving value for money in delivering our business purpose and objectives and how we are meeting the Value for Money Standard within the Regulatory Framework.  Our aim is to enable stakeholders to understand the return on assets measured against our objectives, set out the costs of delivering specific services and evidence the value for money gains that have been and will be made.  A summary of the assessment is included in the CHS Group Financial Statements 2016 and in the Annual Report.  Our Value for Money Strategy aims to deliver the corporate objectives as set out in the Corporate Plan.

CHS is a society registered for the benefit of the community with the FCA under the Co-operative and Community Benefit Societies Act 2014, HMRC Charity no X81275

CHS complies fully with the National Housing Federation’s 2015 Code of Governance and its 2012 Code of Conduct.  

In the 12 months period to 31 March 2016, the Society made a net surplus of £2m.

Click here for a full copy of the Society's financial statements 2015/6

Click here for a full copy of the Society's financial statements 2014/5

Click here for a full copy of the Society's financial statements 2013/4

Click here for a full copy of the Society's financial statements 2012/3 

Further summary financial information is presented below.  The financial statements reflect the introduction of the Financial Reporting Standard 102 for the first time.  The comparative figures have been restated accordingly.

Income & Expenditure Account







26.8 24.7

Operating costs

(20.1) (17.9)

Operating surplus

6.7 6.8

 Operating surplus margin

25% 25%



Net surplus on sale of housing assets

0.5 0.2

Net interest charge

(5.1) (4.9)

Surplus for the year

2.0 2.1

Net surplus margin

7.5% 8.5%

 Balance sheet






Housing properties at cost less depreciation

197.2 195.9



Other fixed assets

8.1 8.1


0.6 0.6

Net current assets

1.5 5.7




207.4 210.3



Creditors due after more than one year

106.2 110.6

Social housing grants

80.1 80.6


21.1 19.1




207.4 210.3




Board Remuneration 

Board members may be paid for their work in accordance with CHS’s agreed policy.  Although pay arrangements must be agreed by the Board, the mechanism for determining pay will be independent, either through the use of an independent advisor or through using independent guidance and industry norms.  The Board will review levels of payment every three years.

Levels of Payment 

From October 2016,the following levels of payment apply:

  • Board Chair, Nicola Scrivings, £6,500
  • Committee Chairs, £3,250
  • Board Members, £2,500

[ back ]