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Session #4/4

Session #4/4. Training Schedule. Agenda. Step by Step Example of Calculation Double counting Future projections Break Example using the Social Evaluator SROI Membership and Assurance December’s Presentation Karen summarizing feedback from evaluation. Learning Objectives.

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Session #4/4

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  1. Session #4/4

  2. Training Schedule

  3. Agenda • Step by Step Example of Calculation • Double counting • Future projections Break • Example using the Social Evaluator • SROI Membership and Assurance • December’s Presentation • Karen summarizing feedback from evaluation

  4. Learning Objectives • Understand how to make an SROI calculation • Appreciate the choices and decisions required when projecting value into the future • Have the tools you need to finalize an SROI analysis for your initiative • Clarify presentation of final SROI report

  5. Impact Calculation (see guide p. 62) Impact =Outcomes MINUS Attribution, displacement and deadweight

  6. SROI Calculation (see guide p. 66-69) Total Impact Total Input = SROI

  7. Steps in the SROI Calculation

  8. Translating Steps into an Example

  9. Sample Data Table: Youth Program

  10. Sample Adding Up the Benefits

  11. Sample SROI Calculation

  12. Pay Back Period (see guide p. 71) The basic formula is: Payback Period in Months = Investment . Annual impact * 12

  13. Caution on Double Counting • Be clear on the chain of events ala WBF: • Preparation for the GED exam led to • Graduation from the Training Program led to • Employment • Counting all the links in the chain artificially inflates the value • Only count the last link – the end and not the means

  14. Projecting Future Value • The impact may last longer than the initial period of investment. • Longer term impacts can be measured (if indicators are tracked over time) or estimated. • Where outcomes last for more than the period over which the investment or expenditure relates, the financial proxy for the value of those outcomes needs to be discounted.

  15. Discounting (see guide p. 67) Discounting relates to financial values. (Drop off relates to duration of benefits). Group Discussion: Would you prefer to receive $1,000 today or in five years? Why?

  16. Discounting • What is the future value of money? According to the Treasury Board, $1,000 is worth $837 in 5 yrs time. • $1,000 loses value at 3.5% per year • A blunt instrument, but more credible than 0%

  17. Sample Projecting the Value

  18. Sample SROI Calculation

  19. Sensitivity analysis (see guide p. 69-70) • Check different assumptions and their impact: • deadweight, attribution and drop-off • financial proxies • quantity of the outcome • value of non-financial inputs

  20. From Impact Map to SROI report Having completed the impact map, you are ready to start inputting your information into the Social Evaluator. Other than what’s in the impact map, What else do you think should be in a report?

  21. Reporting (see guide p. 74-75) SROI aims to create accountability to stakeholders. As such it is important that the results are communicated to stakeholders in a meaningful way. Your final report should comprise much more than the social returns calculated. It should tell the story of change and explain the decisions you made in the course of your analysis. When telling our story we need to include qualitative information to bring the data alive

  22. Calculating the SROI on the Evaluator • www.socialevaluator.eu • Demonstration of how I had to tweak the SROI example (done in excel) to fit the Social Evaluator model

  23. SROI Standards • The SROI Network is developing an assurance scheme that will include: • Accreditation of practitioners • Assurance of SROI analyses • Verification • Assurance • Audit

  24. Report Assurance • To have a report assured by the SROI network practitioners must: • Become a member of the network • Pay approximately $500 for the peer review (this cost will be covered for SROI’s produced through this training IF they are submitted by December 15th.)

  25. Homework • Gather the data required to complete filling in the balance of the Evaluator software • Add in all the qualitative elements needed for a complete SROI • Complete your SROI analysis • Present your draft SROI report to stakeholders for feedback • Develop your presentation • Consider applying for membership in SROI Network and trying for assurance

  26. December 15th Presentation • Your application included a commitment checklist with an agreement to complete an SROI report – still an expectation • All participants are expected to attend and present their findings • Assistance with report research and inputting into the Evaluator available until Dec. 10th • Members of the SROI Network will attend as part of a mutual learning exchange • The presentations will run from 9 – 12(a presenter’s schedule will be emailed) • The location will be the United Way

  27. Presentation Guidelines • Presentation will not exceed 10 minutes; 8 minutes summarizing your SROI analysis; 2 minutes sharing your insights into SROI (as it relates to your project) • We will leave 5 minutes for Q & A • Power point projector available – please email presentations to Anna so that they can be loaded BEFORE the event • Up to you to make hand outs for audience members (no more than 35) • Results will not be published on the Social Enterprise Fund website

  28. Example of Other Training • In case you think you have it hard…. It could be worse 

  29. Evaluation • Karen Kerr on Interim Evaluation Results • Plans for the Final Evaluation (tie in to the presentation day?) • Session #4 evaluation

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