Leeds Federated ended the 2016/17 year in a strong financial position.
Our comprehensive income was £5.4 million which we reinvest in the business and in our homes.
This year we have kept a strong focus on Value for Money and all staff are involved in finding ways to save money. It’s not just about cutting costs, but also about doing more for less when possible.
We came up with money-saving ideas worth £221,000.
We have invested in £163,000 in new technology and this is helping us to work more efficiently. For example, giving mobile tablets to staff in our older person’s schemes saved 56 days of time spent on welfare checks.
Growth is a key priority for Leeds Federated. This year we borrowed £10 million of Government backed funding at very low interest rates to help fund our development programme and, an additional £5m of funding has been agreed for the future. This will support our plans to build 750 homes over the next five years.
For more information about our financial performance please see our Financial Report & Accounts. Financial Report & Accounts 2016/17