In any organisation it is important to have a good governing body in place. Please see below for more information on governance.
Luminus Group Limited is a housing association in the East of England, registered with the Regulator of Social Housing and under the Companies Act 2006, limited by guarantee and not having a share capital.
- Luminus Group’s principal core businesses are:
- Luminus Group Limited
- Luminus Homes Limited
- The Ferry Project
- Hope Social Enterprises Limited
- Luminus Finance Limited
- Luminus Developments Limited
Our registered office is 80 Cheapside, London, EC2V 6EE.
Luminus Group has wide powers that include the ability to construct, improve, convert or purchase suitable dwellings, to manage dwellings or hostels, provide amenities and services, build houses for sale or lease under shared ownership agreements and undertake works of repair and maintenance.
Luminus Homes Ltd is a Registered Society under the Co-operative and Community Benefit Societies Act 2014, and is registered with the Financial Conduct Authority.
The Ferry Project is a charity registered with the Charity Commission, which provides hostel and move-on accommodation and associated services for homeless people in Fenland. Luminus Developments is a private limited company developing new homes primarily for the benefit of Luminus Homes. Hope Social Enterprises provides cleaning, gardening and recycling services to Luminus homes.
Luminus Group Limited and Luminus Homes Limited are Registered Providers, registered with and regulated by the Regulator of Social Housing.
The Boards of Luminus Group and its subsidiary companies meet quarterly during the year. Board members are appointed through a formal process against comprehensive selection criteria. Places for People Group is the sole member of Luminus Group, and its representatives sit on Luminus boards.
The role of Luminus Group Board is to exercise overall control and direction through the determination of strategies and objectives, and the monitoring of performance against them. The schedule of delegations for Luminus Group with the Places for People Group seeks to balance the control required by any parent company, with adequate empowerment of management at Group and subsidiary level.
Places for People’s Remuneration Committee sets the policy for pay for members of Luminus’ Board. It approves any pay increases, bonus arrangements, long-term incentive arrangements and pension arrangements for executive directors/
Places for People’s Audit & Risk Committee reviews the strategic risks faced by the wider Group and the approach taken by management in relation to managing risk. Operational risk is reviewed and managed by the Board of Luminus Group, and the company’s risk register is reviewed at regular intervals.
Luminus’ value for money strategy is aligned to that of its parent company, Places for People Group. As such, value for money information appropriate to Luminus can be found in the Group financial statements. These can be obtained via the Group website, or from its registered office at 80 Cheapside, London, EC2V 6EE.
Luminus makes an effective contribution to improve the health, safety and well-being of communities and to meet the needs of vulnerable and socially excluded people. It is committed to ensuring that slavery or human trafficking does not place in the business, or within supply chains. Luminus requires its new suppliers to declare that they have no involvement with slavery or human trafficking. This has been added to already rigorous checks of new businesses. Luminus’ recruitment processes are transparent and reviewed regularly. Candidates are communicated with directly to discuss job opportunities, and to confirm details of any offer made. Robust procedures are in place for the vetting of new employees, to ensure that identities are confirmed, and that the employee is paid directly via an appropriate, personal bank account. To ensure a high level of understanding on the risks of slavery and human trafficking, relevant staff members have been provided with training.
MODERN SLAVERY ACT 2015
Luminus Group is committed to ensuring that slavery or human trafficking is not taking place in our business or within our supply chain and delivers this through effective operational management in services and employment arrangements.
This statement is made on behalf of Luminus Group, Luminus Homes and Oak Foundation. This statement is made pursuant to section 54(1) of the Act for the financial year ending 31 March 2018. It has been approved by the Luminus Group Limited, Luminus Homes Limited, and Oak Foundation boards of directors on 15 August 2018.
Signed by Nigel Finney, in his capacity as Managing Director of Luminus Group Limited.
Date: 15 August 2018