Making sure, and being able to demonstrate, our long term financial sustainability is critical to the ongoing success of RBH as a mutual housing society. Demonstrating that we will have the resources in place, year on year, to carry out our activities and invest in our strategic priorities underpins this Strategy. We will continue to define value for money in terms of what this means for RBH and our members to consider the balance of money, quality, and local social and economic benefits, and will clearly set out how we are achieving our financial and social value goals.
VfM is always a balance of factors, all factors are important and all may be vital. These factors are listed below:
- high quality homes, goods and services
- financial considerations
- local social and economic benefits
- sustainability
- membership and mutuality
The strategy includes targets to measure how well we are doing in terms of Value for Money performance. The majority of these measures are the standard metrics required by the regulator but others are our own. We publish a Value for Money Statement in the financial statements each year.
