The Shareholder Committee is scheduled to meet on Thursday 30 July 2026. The meeting's agenda includes a review of the Managing Director's overview of the local housing companies, which will cover their financial performance and strategic position. Additionally, the committee will receive updates on the 30-year financial business plan for Loddon Homes and the key performance indicators for both Loddon Homes and Berry Brook Homes.

Managing Director Overview

The committee is scheduled to receive an overview from the Managing Director of the Local Housing Companies. This report will outline the current strategic position of Loddon Homes and Berry Brook Homes, as well as any key operational matters relevant to the quarter four reporting period for the financial year 2025/26. The report is intended to allow the Shareholder Committee to satisfy itself regarding the effective ongoing management of the group of companies and to raise any questions about the strategic positioning of the organisations against their delivery objectives.

The overview highlights that the financial year 2025/26 marks the end of the Managing Director's first year in the role. It notes that while the organisations will always aim for positive financial performance, a planned deficit within Loddon Homes should not overshadow other successes. The report indicates that the group of companies, including WBC Holdings Limited, is in a positive overall position, with an improved deficit position of £29,000. Key achievements since March 2026 include continued work on the Loddon Homes 30-year financial plan, council consent for the Community Benefit Conversion, and year-end closure targets being met.

The report also draws attention to the consolidated provisional outturn position for the year ending March 2026, quarter four performance data for Berry Brook Homes and Loddon Homes, the 30-year business plan working model, the status of the Community Benefit Society conversion, the Housing Improvement Plan, and development pipeline updates.

Loddon Homes 30-Year Financial Business Plan

The committee is scheduled to receive information regarding the Loddon Homes 30-Year Financial Business Plan. This plan is designed to provide a long-term strategic financial framework to ensure financial sustainability, maintain asset quality and compliance, support organisational growth, demonstrate adherence to the Financial Viability Standard, and highlight risks associated with financial planning.

The report outlines two scenarios: a No Growth scenario, which assumes no additional development and focuses on the organisation's underlying financial sustainability based on existing stock, and a Growth Scenario which incorporates the addition of 88 new homes at approved development locations. The No Growth scenario indicates that while turnover increases and gross profit improves, Loddon Homes is projected to report a net deficit for the first nine years, moving towards a near break-even position in later years. The Growth Scenario suggests a significant uplift in turnover and a move from net loss to strong net surpluses from year three onwards, primarily driven by shared ownership first tranche sales. This scenario highlights the critical role of development growth in enhancing financial sustainability and generating surpluses for reinvestment.

The report also details further development and enhancement opportunities for the model, including the impact of staircasing and disposals, treatment of deferred grant, future taxation effects, and options for surplus distribution.

Loddon Homes Key Performance Indicators

The committee is scheduled to receive an exception report on Loddon Homes' Key Performance Indicators (KPIs) for the fourth quarter of the 2025/2026 financial year. The report provides an overview of resident-focused performance and regulatory landlord compliance requirements.

The performance overview indicates underperformance in repairs, with a RED RAG rating due to the unavailability of responsive repair performance data from Wokingham Borough Council. The average SAP score for energy performance remains within tolerance, rated GREEN. Decent Homes criteria are met by 100% of properties, also rated GREEN. Void re-let times for general needs properties are not applicable as no properties became void or were re-let during the reporting period, resulting in a GREEN rating. Complaints were resolved within the target timeframe, leading to a GREEN rating.

In terms of compliance, all metrics presented by the Wokingham Borough Council Compliance Team are within target. The report notes that Fire Risk Assessments are managed by the WBC Compliance Team, and while new reports have generated high-risk actions, these are being managed collaboratively. Regular review meetings are in place with the WBC Compliance Team's Technical Officer.

Strategic reporting highlights that gross void rent loss is above the tolerable level, resulting in a RED RAG rating. The report details actions being taken to address this, including collaboration with Adult Social Care and Children Services to expedite re-lets. Rent collection performance is above target, rated GREEN, although arrears remain.

Berry Brook Homes Key Performance Indicators

The committee is scheduled to receive an exception report on Berry Brook Homes' Key Performance Indicators (KPIs) for the fourth quarter of the 2025/2026 financial year. The report details resident-focused performance and regulatory landlord compliance requirements.

The performance overview indicates underperformance in repairs, with a RED RAG rating due to the unavailability of responsive repair performance data from Wokingham Borough Council. Energy performance, measured by average SAP score, is rated GREEN. Decent Homes criteria are met by 100% of properties, also rated GREEN. Void re-let times for general needs properties are within the tolerable level, rated AMBER. Complaints were responded to within the target timeframe for the cumulative year, resulting in an AMBER rating due to a single instance of a Stage One complaint not being responded to within the target time.

Compliance KPIs are generally within target, with the exception of Electrical – Percentage of MVHR services completed, which is below target. The report notes that initial findings from data quality reviews by the WBC compliance team indicate that Berry Brook Homes' stock was not affected by data quality issues.

Strategic reporting shows void loss is within target, rated GREEN. Rent collection performance is on target, also rated GREEN.