Financial Statements 2011 – South Shropshire Housing Association Notes (continued) 7
Directors’ emoluments
The remuneration paid to the Directors of the Association (the Board of Management and Managing Director) was: 2011 £
2010 £
Total emoluments
-
83,077
The emoluments of directors disclosed above (excluding pension contributions) include amounts paid to the highest paid director and Managing Director
-
73,591
-
9,486
19,649
31,868
Aggregate amount of directors pension contributions Fees payable by way of expenses and Remuneration to Board Members
The Managing Director is an ordinary member of the pension scheme and is now paid by Shropshire Housing Limited. No additional contributions to any pension scheme have been made and there were no special or enhanced terms which apply. The employers’ contribution to the pension scheme on behalf of the Managing Director was £9,486 in 2010.
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Taxation
The Association was accepted as a charity with effect from 6 August 2007.
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