Research and analysis
Methodology of VFM analysis
Methodology of the value for money 2023 report analysis
Applies to England
Documents
Details
| VFM metrics and measures | The RSH VFM metrics help measure economy, efficiency and effectiveness, enabling analysis and comparison of large PRPs. For consistency, the VFM metrics for individual providers have been calculated on the basis set out in the regulator’s VFM metrics technical note, which all providers must comply with. | |
| Frequency | Annual | |
| Geographical coverage | England | |
| Sample size | The analysis is based on data from 198 PRPs > 1,000 units | |
| Periods available | 2016* - 2023 | |
| Data sources | 2023 FVA (e\szlectronic, financial viability accounts) and 2023 SDR (Statistical Data Return) | |
| Reporting of statistics | The analysis set out in this report uses measures of median and the weighted average. The median is the middle value in a dataset and is unaffected by extreme values. The weighted average takes all data points into account and is therefore affected by extreme values. | |
| Exclusions | Most private registered providers are designated as not-for-profit organisations. There is a small but growing number of registered for-profit organisations within the sector. For the purpose of our analysis, they remain outside the scope of our report. Two registered providers with non-March year ends are also excluded. | |
| Quality assurance | Checks are carried out and comparisons made with previous years’ data and between the SDR (Statistical Data Return), and FVA to gauge consistency and completeness of coverage. Quality assurance follows the principals set out in the RSH analytical governance and management framework. | |
| Analysis developments | As a part of our commitment to the sector we look to enhance our VFM benchmarking tool which is an ever-evolving process. That allows boards and other stakeholders to analyse their performance alongside that of their peers on a comparable basis. Changes to the VFM benchmarking tool undertaken in 2023 enables PRPs to further refine the peer groups based on size, region of operation and stock type. Further guidance can be found on the RSH website. |
*From 2017 the HSHC measurement includes units owned and/ or managed and excludes leasehold units