Corporate report

Fees statement 2022 to 2023 [accessible version]

Published 11 October 2022

Applies to England

1. Introduction

1.1 In our Decision Statement on the introduction of fees we committed to publishing information on our budget each financial year including the split between grant in aid from our sponsor department, the Department for Levelling Up, Housing and Communities, and fee revenue; the cost of key functions and the fee level for the year. Our budget and fee level for 2021/22 is set out below.

1.2 Fee income is generated from a mixture of annual fees, which cover routine regulation, and initial registration fees. Grant in aid covers the cost of non-routine regulation, including consumer regulation, and any registration costs not covered by initial registration fees.

1.3 We formed a Fees and Resources Advisory Panel alongside existing stakeholder engagement arrangements to enable engagement on fees with a range of stakeholders, and to provide increased transparency.

2. Regulator of Social Housing budget:
1 April 2022 – 31 March 2023

Costs Staff costs

£000
Non-staff costs

£000
Total

£000
Direct regulation costs 17,697 2,270 19,667
Corporate support costs      
Finance and performance 1,230 200 1,430
Facilities - 1,000 1,000
HR 620 130 750
IT 200 1,170 1,370
Other - 160 160
Sub-total 2,050 2,660 4,710
TOTAL 19,747 4,930 24,667

3. How we regulate

Diagram showing the processes as outlined in text below

Register

Register and de-register providers.

Monitor and analyse risk

Gather intelligence and analyse risk at a sector and sub-sector level to inform our assessment of a registered provider.

Assess and grade

Analysis of risks and how well registered providers are managing their risks demonstrated through published regulatory judgements and pre-empting issues.

Investigate and enforce

Where a provider is at risk of issues crystallising, securing solutions to resolve the problems.

Shape and influence

Identify and communicate emerging trends and risks to the sector and maintain confidence of stakeholders.

3.1 You can find further detail about our objectives and regulatory approach on our website:

4. Cost allocation to function

Costs by function Revenue from fees
£000
Revenue from Grant in aid
£000
Total
£000
Register 430 1,200 1,630
Monitor and analyse risk 2,780 1,730 4,510
Assess and grade 10,170 2,850 13,020
Investigate and enforce - 3,210 3,210
Shape and influence 1,360 940 2,300
TOTAL 14,740 9,930 24,670

4.1 Corporate support costs are allocated proportionately to each of the functions.

5. Fee levels 2022-23

Fee levels 1 April 2022-31 March 2023
Registered providers < 1,000 units £300 flat fee per annum
Registered providers > 1,000 units £5.31 per social housing unit
Initial registration fee £2,500

5.1 There is allowance in the above costs to allow for additional planned recruitment. Should there be any underspend on fee-funded costs there would be a proportionate rebate of the annual fee to registered providers with more than 1,000 units.