development consultancy software training...2012-13 Catalyst Reports 1. Annual Peer Group Report •...

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SDS Catalyst

Annual Members’

Meeting

Friday, 8th August, 2014

Agenda

10.30 Arrival & Coffee 11.00 Introductions & Review of 2012-2013 Results 11.30 Future changes - 1st April 2015

12.30 System Housekeeping

• Timetable • Pricing

12.40 Open Discussion 1.00 Lunch

We were terribly late….!!!

2012-13

While we’re apologising ….

Current known issues o Saving issue – IE Version 11 – some code disabled by MS

o Password saving – refer to SDS if password changes required

o Server clock faulty – saving affected – resolved but some previous schemes still affected

2012-13

Catalyst Reports

1. Annual Peer Group Report

• Full report on peer group

• 31 members out of 45 submitted a full set of data (70%)

• 1,298 schemes submitted

• 10,205 units

More schemes but fewer units than last year

• 25,821 NB units developed by all

organisations, Catalyst = 40% of total

2. Your Results Report

• Executive Report + Detailed Results

• Focuses on your data alone

• Shows trends

• Appendices identify schemes

which create the KPI

Your Results

3. Expert Commentary

• Expanded Your Results Report

• Identifies strengths &

weaknesses

• Useful for boards/committees

• Optional

Expert Commentary

Your Results

Executive Summary

• Top level view

• Comparison to peer group

New This Year

• Simplified scheme timing – NB A&W schemes only, Acq to PC

• Expanded sales timing – average time for selling SO and OMS

• Introduced new PI for defects arising during the DLP

• New PI for conversion of target rented stock to affrodable rented

• Dropped PIs for Lifetime Homes and Form of Construction

Your Results

Appendices

• Format as last year

• 7 Appendices

• 3-year trend analysis

• Identifies the schemes contributing to your score

Internal Subsidy

• Internal subsidy G15 down from £23k last year to £6k. • L&SE down from £27k to £11k this year. • Other down from £12k to £9k this year. • Dramatic reduction – effect of higher rents and fewer target rented properties than the previous year?

Gearing

Results

Affordable Rent Shared Ownership

Peer

Group

Gearing

%

Last Year Gearing

%

Last Year

G15 66% 59%

L&SE 72% 77%

Other 76% 68%

Average 70% 66% 64% 63%

Stock Conversions & Size of

Programme 2012-13

Results

Peer

Group

Conversion

to AR as % of

rented stock

owned

AR units

developed

divided by

conversions

All units

developed

divided by

rented stock

owned

G15 0.7% 3.5 4.8%

L&SE 1.0% 1.7 8.7%

Other 1.8% 2.8 9.0%

Average 0.8% 2.5 5.8%

New Build Acq & Works Cost

Results

o Based on fixed benchmarks

o Adjusted for location & build type

o Works cost

• Average £1,581 per m², 3% up on last year

o G15: 2% higher

o L&SE: 5% lower !

o Other: 4% higher

New Build Acq & Works Cost

Results

o Based on fixed benchmarks

o Adjusted for location & build type

o Acquisition cost

• Average £40,719, 14% lower on last year

o G15: 16% lower

o L&SE: 1% higher

o Other: 2% higher

New Build Acq & Works Cost

Comparison for NHF

o Comparison requested by NHF

o Overall small increase in works cost, 3% - less than expected

o Reduction in acquisition costs – s106 schemes developed first ?

o Year shown is for handovers – cost year c. one year earlier

o Impact of recession on negotiations at time of bidding

On-costs

Results - % of A&W

• Total on-costs • 14% NB A&W (down 4%)

• 9% Package Deal (Down 4%)

• Fees • 10% NB A&W (down 2%)

• 6% Package Deal (down 3%)

• Interest • 4% NB A&W (down 1%)

• 3% Package Deal (same)

Staff Numbers & Cost

• 20% drop in programme size.

• Note - organisations aren’t exactly the same in each year.

• Staff/100 and average staff cost – same as last year.

Trend Summary

Indicator 2009/10 2010/11 2011/12 2012/13

Units Developed (av'ge in sample) 373 351 421 335

Staff per 100 units developed 4.9 4.9 4.7 4.1

Staff cost per WTE (£) 50k 50k 55k 55k

Staff cost, % A&W 1.60% 1.60% 1.60% 1.60%

Overall HQI Score

• This year = 64%,

0.7% higher on last year

Sustainable Homes Code

67% built to Code 3

32% to Code 4

1% Code 5 &6

HQI scores

Resident satisfaction

Results

• 86% satisfied

Up from 82% last year.

• 6% dissatisfied

Down from 12% last year.

Changes for 2015

Why are we proposing this major review?

Members’ comments:

Data overload – deters submission

Reports timing – reports concentrate on historical position

Usefulness of reports

SDS comments:

IT resource very demanding

Requires everyone's data before we can publish

We want to improve usefulness and value of membership

Cost/pricing imbalance. Review pricing – increase members

Changes for 2015

What do we want to achieve?

Faster and more up to date reporting

Concentrate on core areas of development

More forward looking

Simpler pricing structure

Changes for 2015

In Summary

There will be 3 separate reporting areas

1. Scheme costs

2. Annual data

3. Appraisal & subsidy

Each will be optional and reported separately

Changes for 2015

In Summary

1. Scheme costs

• Concentrate on costs only

• Reports will be online only

• Extend reports - improved reporting of collections

of scheme data – more flexibility

Changes for 2015

In Summary

2. Annual Data

• Organisation’s development overheads

• Programme in the year

• Resident satisfaction

• Sales Performance

Annual ‘Your Results’ report and (reduced) annual schedules

Results shared

Changes for 2015

In Summary

3. Appraisal & Subsidy

• Appraisal assumptions for scheme viability

• Sources of subsidy

• Social/Affordable rent conversions

• Gearing

Annual confidential reporting – comparison with quartiles only

Data not shared

Need to submit data to get results.

Changes for 2015

In Summary

Key Benefits

o Big reduction in essential data reporting

o Prompter annual reporting

o Reporting concentrated on the most critical business issues

o More forward looking – appraisal, subsidy and dev. programme

• All areas optional

• Scheme reconciliation with annual data no longer required

Changes for 2015

Scheme Costs

• Data Collection – same as current arrangements

• Two validation reports – one on submission, one on validation

• Limited to key attributes, A&W, Fees and Interest

• Submit schemes at any time - optional

• No annual reports – all online

• Schemes can be real or speculative – validation of both possible

• Increase fields to filter by NAHP programme and user-defined

‘groups’

Questions Dropped:

Quality, timings, subsidy (moved elsewhere) satisfaction of service

providers, accidents, CfSH, first tranche sales income.

Changes for 2015

Changes for 2015

Scheme Submission Process

Preliminary report – basic error checking

Full report – detailed scheme report

Annual Data

• Staff data retained

• Programme size and shape input as a summarised total

• Resident survey results retained

• More detail on sales – timing plus cost of marketing and staff

• Data on tenure conversions

• Summarised data on gearing

• Scheme reconciliation no longer required

Questions Dropped

• Defects, detail of other development undertaken

Changes for 2015

Annual Data

• ‘Your Results’ report based on your data

• No need to wait for others to submit

• ‘Your Results’ published following submission/validation

• At end of period annual data for all members published.

• We will still push for this data to be submitted by 31st July.

Changes for 2015

Appraisal Assumptions & Subsidy

• New optional area of data and reporting

• Appraisal parameters

– NPV/IRR/Discount rate/period

– Development and long term loan rates & repayment periods

– Inflation

– Rent allowances

– Cost/Value %

– Yields

– Debt per unit

– Interest cover

Changes for 2015

Appraisal Assumptions & Subsidy

• Appraisal parameters

– Separate customised annual report for each member

– Data confidential and not shared

– Your data compared with quartile results

– Analysis will cover the main tenure/product types

• Affordable rent, Social rent, SO, Market rent, Outright sales

– Data submission date 31st July

– Must submit your data to see quartile results for other members

Changes for 2015

Appraisal Assumptions & Subsidy

• Subsidy

– Summarised total allocated programme data (HCA & GLA)

– Total subsidy received (to be received)

– Sources and quantum of all subsidy, including internal.

– Conversions required

– % of market rent on first letting of Aff. units (HCA, GLA)

– Separate annual subsidy report.

Changes for 2015

In Summary

Key Benefits

o Big reduction in essential data reporting

o Prompter annual reporting

o Reporting concentrated on the most critical business issues

o More forward looking – appraisal, subsidy and dev. programme

• All areas optional

• Scheme reconciliation with annual data no longer required

Changes for 2015

In Summary

Changes for 2015

Reporting Area Scheme

Costs

Annual

Data

Appraisal

Subsidy

Input Rolling 31st July 31st July

Output On demand 31st October 31st October

Required

Data

Optional Optional Optional

Further questions comments please…..

Changes for 2015

Membership

Housekeeping

Timetable

Pricing

1. To receive the optional Expert Commentary – tell us! 2. Check your organisation details are still correct.

3. Check that users assigned to your organisation still work for you! If

not, set them to ‘Suspended’. Users who have left cannot be

deleted if they have submitted schemes. Add new users – no limit.

4. Enter and submit scheme data at a convenient time to suit you,

– don’t wait to enter it all in one go!

5. Update validated scheme data, if it has changed.

6. Consider asking Project Managers to enter data for their schemes.

Housekeeping

Timetable

31st March – SDS to complete changes to the system

31st July – Submit annual data

31st July – Submit Appraisal/Subsidy data

o Scheme reports – online

o ‘Your Results’ following submission

o Annual summary commentary and schedules – End October

o Appraisal/Subsidy Data – End October

Timetable

• Single payment structure, paid at start of year (April 2015)

• Based on previous year’s development programme

• 3 Levels ex. VAT

1. Up to 150 units £1,350

2. From 151 to 250 £1,800

3. Above 250 £2,340

• Covers all areas of the club:

o Scheme costs – online reporting

o Annual Data – annual report

o Appraisal Assumptions & Subsidy – annual report

• All areas optional

Pricing 2015

• Average increase for all members £324 (based on 2012/13 data)

• Max. increase for 3 members (£846)

• 4 members will see a cost saving!

• Housemark discount dropped – virtually every member is already a

HM member!

• New prices and this comparison are based on current year

discounted Housemark prices

Pricing 2015

o Workshops will be arranged for Spring 2015

o Dates published before end of this (calendar) year

o Website will show details

Catalyst Workshops

Open Forum

01483 278444 www.s-d-s.co.uk

contact us