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Financial Information & RSH Regulatory Assessment

Financial Information

The CHS Group consolidated financial statements for the year ended 31st March 2021 are below.

 

CHS is a society registered for the benefit of the community with the FCA under the Co-operative and Community Benefit Societies Act 2014, HMRC Charity no X81275.  CHS complies with the National Housing Federation 2015 Code of Governance and the 2012 National Housing Federation Code of Conduct

Regulatory Judgement 27 October 2021:

CHS retains G1, V2 grading

Like all housing associations, CHS is regulated by the Regulator of Social Housing. A strong regulatory rating gives assurance to our customers, lenders and business partners.

The regulator sets standards that we are expected to meet and annually carries out rigorous assessments of how we are managing our business. This includes checking our levels of financial risk, our rent setting and how we are delivering value for money.

On 27th October 2021, the Regulator published the results of their annual regulatory judgement confirming that CHS continues to hold the highest grade possible, G1, for our governance and V2 for financial viability.

Board remuneration

Board members may be paid for their work in accordance with CHS’s agreed policy. Although pay arrangements must be agreed by the Board, the mechanism for determining pay will be independent, either through the use of an independent advisor or through using independent guidance and industry norms. The Board will review levels of payment every three years.

Levels of Payment From October 2021,the following levels of payment apply:

  • Board Chair, Heidi Allen, £6,000
  • Committee Chairs, £3,250
  • Board Members, £2,500

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