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B of the B A N G

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SROI is GROWING

SROI stages
Establish scope and identify stakeholders Map outcomes Evidence & Value outcomes Establish Impact Calculate SROI Report on analysis

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The principles
1. Involve stakeholders 2. Understand what changes 3. Value the things that matter 4. Only include what is material 5. Do not over claim 6. Be transparent 7. Verify the result

SROI reports
Internal - management reporting Internal with quality assured mark External non assured External publicly assured External Audited

From a quick calculation in your head to a fully transparent written explanation of your analysis..

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Why Assurance needed?

Why Assurance needed?

Its sets a standard on achieving the principles Some members want to have personal accreditaIon that their work meets the standard Some members want report assurance SROI pracIIoners operaIng in market place Clients want quality mark on reports Demand for publicaIon of SROI reports Network policy for members good pracIce High demand from UK members and from some internaIonal members

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Why Assurance needed?

To set a test for a required standard for SROI principles when you need credibility for claims made
Its a test of understanding of principles It follows on currently from accredited pracIIoner training Its not an audit Its aims to be a facilitaIve process The bar conInues to rise as methodology develops and experience grows but yet achievable with sensible steps towards

ValidaIng claims
We create signicant social value We have idenIed value we create that has never been accounted before We return over 4 Imes the investment in us We save state agencies money Our investor will see their investment returned in social value in just 18 months The majority of value returned by us is for our main beneciaries SensiIvity analysis shows only small changes to our end raIo Our SROI demonstrates signicant value for money

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ASSURANCE

AN EVOLVING ASSESSMENT SYSTEM

Themes emerging

Tick system on levels Would a report fail on falling below level 2 in just one area? Ge]ng too prescripIve? Required pracIce needs established Best standards of good pracIce to be noted also

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Current Process
Members apply Appeals process in place Applicants informed Amendments Ime Absolute deadline declared Amends assessment reviewed New round announced Appeals process in place

Accredited PracIIoner or Report Assure

Reports overview Assign to assessors x2 Anonymous assess A1 form X2 and A2 form returned Report to panel

Some process issues

Reports overview
MulIple reports & Impact Maps Structural problems

RecommendaIon to panel Applicant feedback

RecommendaIons overview Assurance policy Assurance methodology Report not assessable Report complies Report needs amendment for compliance

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Assurance statement
This report has been submi?ed to an independent assurance assessment carried out by The SROI Network. The report shows a good understanding of the SROI process and complies with SROI principles. Assurance here does not include vericaKon of stakeholder engagement, data and calculaKons. It is a principles-based assessment of the nal report.

Recurring issues
Reports weak on analysis and parIcularly materiality and sensiIvity at end of analysis FP assigned inappropriate to stakeholder Indicator mixed up with outputs FP valuing indicator instead of outcome Poor report not reecIve of impact map Impact map as data bank rather than exploraIon of theory of change Confusion between stakeholder engagement and data gathering No data input to indicators

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Some elements of good reporKng from assurance viewpoint.

Have simple structure that follow principles clearly Have audit table to show decisions taken Have clear Theory of Change Have progressive Impact Map showing TOC Inextricable link between Impact Map & ReporIng Are well wrifen in terms of telling the story ExplanaIon of SROI process in appendicies Do not include informaIon irrelevant to SROI

Development??
Batch assessment Express service Rolling entry OrganisaIon assurance
For single organisaIons

At higher cost May be possible if current higher demand subsides Can an organisaIons own assurance process be licensed?