accordgroup.org.uk /value-for-money
Target
Create a Social Value strategy and framework
that consistently measure social value for the
Group’s activities.
What we have done
Substantial work has been undertaken in developing the
Group’s Social Value policy and strategy. The Group’s
approach to delivering, capturing and reporting on social
value has been recently approved. Next steps include the
roll-out and wider involvement of this approach and further
developing the existing work being carried out to comply with
the Birmingham City Charter for Social Responsibility and
Social Value Act where practicable.
Continue to divert £400,000 of existing budget
into the delivering against the Group’s Big Issues
objectives without increasing establishment
staffing.
2015/16 saw £400k of existing budget allocation to the Big
Issues Fund in accordance with the target. This was achieved
without increasing establishment staffing; in fact the Group
has seen a period of rationalisation in some of the Group’s
non-core functions which has led to an overall reduction in
establishment staffing. The future of Big Issues funding has
been subject to understandable scrutiny and review following
rent reduction announcements.
Deliver against the Group’s care and support
growth and new business target objectives of
£1.5m
During 2015 the Group mobilised the Staffordshire dementia
contract securing an annual additional income of over
£4million.
Deliver against the Group’s approved 2015/16
budget which includes £3.6m of built in
operational VFM targets.
The Group successfully delivered an overall surplus of
£6million which was in excess of budget expectations.
38
Accord Group