Fees statement 2021 to 2022
Published 10 June 2021
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, MHCLG, 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 [footnote 1].
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 2021 – 31 March 2022
Costs | Staff costs £000 |
Non-staff costs £000 |
Total £000 |
---|---|---|---|
Direct regulation costs | 14,046 | 2,405 | 16,451 |
Corporate support costs | |||
Finance and performance | 1,317 | 151 | 1,468 |
Facilities | - | 906 | 906 |
HR | 608 | 61 | 669 |
IT | 280 | 1,130 | 1,410 |
Other | - | 154 | 154 |
Sub-total | 2,205 | 2,402 | 4,607 |
TOTAL | 16,251 | 4,807 | 21,058 |
3. How we regulate
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 | 405 | 985 | 1,390 |
Monitor and analyse risk | 3,190 | 930 | 4.120 |
Assess and grade | 9,823 | 917 | 10,740 |
Investigate and enforce | - | 3,112 | 3,112 |
Shape and influence | 1,325 | 371 | 1,696 |
TOTAL | 14,743 | 6,315 | 21,058 |
4.1 Corporate support costs are allocated proportionately to each of the functions.
5. Fee levels 2021-22
Fee levels 1 April 2021-31 March 2022 | |
---|---|
Registered providers < 1,000 units | £300 flat fee per annum |
Registered providers > 1,000 units | £5.36 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.
© RSH copyright 2021
This publication is licensed under the terms of the Open Government Licence v3.0 except where otherwise stated. Where we have identified any third party copyright information you will need to obtain permission from the copyright holders concerned.
Any enquiries regarding this publication should be sent to us via enquiries@rsh.gov.uk or call 0300 124 5225 or write to:
Regulator of Social Housing
1st floor – Lateral
8 City Walk
Leeds LS11 9AT
RSH regulates private registered providers of social housing to promote a viable, efficient and well-governed social housing sector able to deliver homes that meet a range of needs.
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RSH is separately funded by MHCLG via Grant in Aid for work in preparation for the introduction of a proactive consumer regulation regime following the publication of the Social Housing White Paper in 2020. ↩