Martlet Homes Limited - Hyde Housing Association

MARTLET HOMES LIMITED
REPORT OF THE BOARD AND OPERATING AND FINANCIAL REVIEW (CONTINUED)
Future Developments
The Association intends to continue with its current principal activities.
Statements of compliance
The Board confirms that this Operating and Financial Review has been prepared in accordance with the
principles set out in paragraphs 33 and 34 of the 2008 SORP for Registered Providers of Social Housing.
Housing property assets
Details of changes to the Association’s housing fixed assets are shown in Note 13 to the financial
statements.
Reserves
Details of changes to reserves are shown in Note 22 of the financial statements.
Dividends
No dividends were payable.
Political and charitable contributions
During the year the Association made no political contributions (2009 – nil) and no charitable contributions
(2009 - £2.9m).
Post balance sheet events
The Association considers there have been no events since the year end that have had a significant effect
on its financial position.
Employees and equal opportunities
The strength of the Association lies in the quality of all its employees. In particular, its ability to meet the
objectives and commitments to customers in an efficient and effective manner depends upon their
contribution.
Employees participate in a performance-related pay scheme where exceptional performance is
rewarded. There is no employee share scheme in place.
The Association shares information on its objectives, progress and activities through regular team and
departmental meetings involving Board members, the Association’s Management Team and staff. In
addition there are regular staff newsletters and the Association consults with staff and Union representatives
on matters affecting staff.
The Association recognises legal and social obligations with regard to the employment of disabled persons
and those from black, Asian and minority ethnic communities. Applications for employment by disabled
persons are given full consideration, taking account of aptitude and ability. The Association recognises its
responsibility to support staff who become disabled during the course of their employment. As with all
employees, general training and promotion are available to disabled employees and those from black,
Asian and minority ethnic communities.
Health and safety
The Board is aware of its responsibilities on all matters relating to health and safety. The Association has
prepared detailed health and safety policies and provides staff training and education on health and
safety matters.
Board members and executive directors
The present Board members and the Managing Director of the Association are set out on page 3. The
Board members are drawn from a wide background bringing together professional, commercial and local
experience. In recognition of the challenges facing the Board, and the time and effort that they put in the
Association remunerates some Board members and the amounts are disclosed in Note 12 to the audited
financial statements.
The Managing Director does not hold any interest in the Association’s shares and acts as an executive
within the authority delegated by the Board.
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