2015/16 Value for Money Self-assessment Statement
A strategic approach to value for money
Throughout the year Accord has demonstrated value for money (VFM) is embedded in the Group’s core operations and activities, and
that value added services are delivered to our customers and communities. Accord’s VFM self-assessment statement sets performance
against our VFM strategic objectives and measures the actions taken to ensure services are not only high-quality, but deliver value for
our customers, communities and stakeholders. Accord ably demonstrates that all resources are invested efficiently and effectively to
maximise the return on investment, and is supported by a clear understanding of how resources are committed. The Group Business
Plan sets out strategic objectives and the activities and initiatives required to achieve these goals and support the Group’s vision. Every
objective has an associated VFM outcome. This ensures that the Group’s resources (e.g. assets, finances and people) are applied
effectively and that processes are carried out efficiently when work is undertaken.
Embedding the VFM strategy and a VFM culture
The Group’s Business Plan sets out strategic objectives and the activities and initiatives required to achieve these goals and support
the Group’s vision. The Group’s Board approved VFM strategy supports the delivery of these strategic objectives and ensures that the
Group’s resources are used effectively and efficiently. The VFM strategy is supported by a detailed action plan. In addition to the VFM
corporate action plan, each major team and function within the Group has its own VFM targets which are captured within departmental
action plans, highlighting the level of commitment to a fully embedded Group-wide approach to delivering VFM.
Value for Money is branded as ‘Make it Count’ within Accord Group. The campaign is supported by a working group which meets
monthly to coordinate value for money activities in the Group. The intention of the Make it Count campaign is to:
n Educate and inform colleagues of the three key principles of value for money (effectiveness, efficiency and economy),
n Help colleagues to identify what these really mean,
n How colleagues can make these principles real and apply them to their everyday jobs/roles,
n How colleagues can share good ideas and good practices whether they be new or existing.
Value for Money achievements
Full details of the Group’s commitment and delivery of VFM is included in the 2015/16 Value for Money Self-Assessment Statement which
is included in the Accord Group Financial Statements and can also be found on the Group website: accordgroup.org.uk/value-for-money
Financial Statements 2016
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