Finance
A look at our finances
Social impact
Using the Housing Associations' Charitable Trust (HACT) tool for measuring the impact of our projects and support for customers, we generated £36,894,826 in social value (work and activities that benefit the communities we work in) during 2023-24 across our business.
Where our money comes from
Rent
Service charges
Government grants
Other income
Where our money goes
Repairs and maintenance
Management and staff costs
(including staff salaries*)
Depreciation of properties
How we spread the total cost of building and buying properties against the income we receive for them.
Service charge costs
The amount we pay contractors to provide your services such as grounds maintenance and cleaning.
Other costs
(including bad debt)
Money owed to us which we've not been able to collect or it has been written off.
Interest paid on debt
The interest we've paid on loans and overdrafts
*The remuneration payable to the highest paid Director, relative to the size of the landlord: £7
This is the salary of our CEO, divided by the number of properties we manage (39,488)
The aggregate amount of remuneration paid to Directors, relative to the size of the landlord: £36
This is the combined salaries of our directors, divided by the number of properties we manage (39,488)
Management costs relative to the size of the landlord: £1270
This is the combined salaries of all Stonewater staff divided by the number of properties we manage (39.488)