Together Housing Logo
Search
Generic filters

Where each £1 of your rent money goes

Here you can you see a breakdown of how each £1 of your rent money is spent.

Performance is reported on a quarterly basis. We report performance against our service standards where we are able to.

2021 – 2022

Quarter 1 2021/2022

34p  Management and services – staff, offices

23p  Repairs and maintenance

22p  Depreciation*

13p  Interest payable on our loans

6p  Operating Surplus*

0p  Other

1p Rent loss from bad debt

1p P.F.I Expenditure*

Please note that these figures to the end of quarter 1 of 2021/22 (30 June 2021) are based on the draft management accounts. These figures are subject to final accounting adjustments as we are awaiting calculations for these from our external advisors.

*Depreciation – An accounting term used to recognise the reducing value of an asset such as a home over a longer period of time. PFI expenditure – Costs associated with the Salford Private Finance Initiative (PFI), Pendleton Together. Operating surplus – This is money that is reinvested to improve our current homes and build new homes.

2020 – 2021

Quarter 4 2020/2021
How every £1 of rent is spent Quarter 4 (to 31 March) 2020/21  33p Management and services - staff, offices  23pRepairs and maintenance 22pDepreciation* 14p Interest payable on our loans 5p Operating Surplus* 1p	Other 2p	P.F.I Expenditure  Please note that these figures to the end of quarter 4 of 2020/21 (31 March 2021) are based on the draft management accounts. These figures are subject to final accounting adjustments as we are awaiting calculations for these from our external advisors.  Depreciation	An accounting term used to recognise the reducing value of an asset such as a home aver a longer period of time. PFI expenditure	Costs associated with the Salford Private Finance Initiative (PFI). Pendleton Together. Operating surplus	This is money that is reinvested to improve our current homes and build new homes.

Click to enlarge – How every £1 of rent is spent Quarter 4 (to 31 March) 2020/21

Quarter 3 2020/2021

Quarter 2 2020/2021

A graph to illustrate where each £1 of your rent money was spence in Quarter 2 (to September) of 2020 to 2021. 31 pence is spent on management and services. For example, staff and offices. 22 pence is spent on depreciation. 20 pence is spent on repairs and maintenance. 15 pence is spent on interest payable on our loans. 9 pence is spent in operating surplus. 2 pence is spent on rent loss from bad debt. 1 pence is spent on Private Finance Initiative expenditure. Please note that due to covid19, quarter 2 2020 to 2021 results may not be representative of the full year outturn for 2020 to 2021. Depreciation is an accounting term used to recognise the reducing value of an asset such as a home over a longer period of time. PFI expenditure are costs associated with the Salford Private Finance Initiative (PFI), Pendleton Together. Operating surplus is money that is reinvested to improve our current homes and build new homes.

Quarter 1 2020/2021

A graph to illustrate where each £1 of your rent money was spence in Quarter 1 of 2020 to 2021. 29 pence is spent on management and services. For example, staff and offices. 22 pence is spent on depreciation. 18 pence is spent on repairs and maintenance. 15 pence is spent on interest payable on our loans. 11 pence is spent in operating surplus. 2 pence is spent on rent loss from bad debt. 3 pence is spent on Private Finance Initiative expenditure. Please note that due to covid19, quarter 1 2020 to2021 results may not be representative of the full year outturn for 2020 to 2021. Depreciation is an accounting term used to recognise the reducing value of an asset such as a home over a longer period of time. PFI expenditure are costs associated with the Salford Private Finance Initiative (PFI), Pendleton Together. Operating surplus is money that is reinvested to improve our current homes and build new homes. 

About Us Openness and transparency Paying for your home and how your money is spent Where each £1 of your rent money goes