In April 2022, I presented a VfM masterclass with the RSH and the following are the key issues that were raised that would enhance the VfM report:
- Read section 4 of the RSH’s VfM metrics report 2021 which gives advice on “Reporting in the accounts”.
- Report on:
- Your historic VfM trends
- Your 2021/22 performance – explain any variances against your VfM targets
- Your projected VfM metrics
- Choose peer comparison organisations that have similar characteristics (e.g. size, location and mix of tenancies) to your organisation
- Don’t adjust the metric calculations as set out by the RSH
- Compare your VfM metrics to the RSH’s 2020/21 “median” figures
- Try to make the report as user friendly as possible by using tables and graphs.