We are required to publish information about directors' remuneration, or salary, and some of our housing management costs.

These are some of the terms we use:

• remuneration - the money paid to our directors (salary)
• social housing units - the number of homes we own
• period of account - refers to the financial year, which this year runs from 3 April 2023 to 31 March 2024

Each measure is reported as a per-property figure.

Measure - the remuneration payable to the highest paid director, relative to the size of the landlord.

£7.54 per property.

How this is calculated

Remuneration payable to the highest paid director (excluding their pension and National Insurance contributions) in relation to the period of account, divided by total social housing units owned and/or managed at period end.

Measure - the aggregate amount of remuneration paid to directors, relative to the size of the landlord

£25.35 per property.

How this is calculated

Total aggregate (meaning total) directors’ remuneration (including pension and National Insurance contributions, payable to directors or former directors) in relation to the period of account divided by total social housing units owned and/or managed at period end.

Measure - management costs relative to the size of the landlord.

£142.50 per property.

How this is calculated

Total management costs (social housing lettings) in relation to the period of account divided by total social housing units owned and/or managed at period end.