Glossary

A made-up portmanteau. Latin-sounding on purpose. Australian slang by accident.

Derros is a portmanteau of the founders' surnames, chosen largely because it sounds as though it could be Latin. Alas, it is not. With luck, it will soon become a synonym for impact. That 'deros' happens to be Australian slang for someone a little rough around the edges is unfortunate, but we were aware of the trade-offs...!

A yearly account of what was achieved and what it means.

A recurring account of what an organisation has achieved and what those results mean. It brings together evidence, interpretation and communication in a form suited to external audiences.

Building the case for funding, investment, or approval.

The process of setting out a clear case for funding, investment or approval. It brings together rationale, options, expected value and delivery considerations in a form that supports formal decisions.

Shaping how an offer works in practice.

A way of shaping how an offer will work in practice. It brings together questions of audience, proposition, route to market, pricing and viability.

Mapping the economic setting and the issues that matter most.

A structured view of the context an organisation is operating in, including the economic setting, the needs that matter most, and the issues most likely to shape long-term value. It helps clarify where attention and resources are best directed.

Testing how different futures could affect outcomes.

An approach used to test how different futures could affect outcomes. It helps organisations plan for uncertainty by modelling the effects of changes such as policy shifts, new technology or demographic pressure.

Specialist input to challenge, strengthen, or refine work in progress.

Targeted specialist input used to challenge, strengthen or refine work already underway. This can range from document review to ongoing subject-matter support.

Practical tools for stronger governance and clearer decisions.

Practical tools that support stronger governance and clearer decisions. These can include reserves policies, board templates and structured decision tools.

Understanding the effects your organisation creates in the world.

A way of understanding the economic, social and environmental effects created by an organisation's work. It helps show what is changing, for whom, and where wider value is being created.

Identifying which issues matter most to an organisation and its stakeholders.

A process for identifying which issues matter most to an organisation and its stakeholders. It helps distinguish what is important from what is merely visible.

Turning broad objectives into workable, defensible approaches.

The design of policy or decision frameworks from evidence through to final structure. It helps turn broad objectives into workable, defensible approaches.

A structured review of the policy environment around a given issue.

A structured review of the policy environment around a given issue. It helps clarify the current landscape, the evidence base, and the space for action.

Sharing analysis in discussion-led settings like events and launches.

A structured way of sharing analysis in discussion-led settings such as events, launches or roundtables. It helps turn technical material into clear public conversation.

A research-led publication that contributes substance to public debate.

A research-led publication that helps an organisation contribute to public debate with substance. It combines analysis, structure and clear framing to make a serious point well.

Turning broad ambition into a clear strategic direction.

The process of turning broad ambition into a clear strategic direction. It helps define purpose, priorities and intended outcomes in a form that can guide decisions and action.

Connecting priorities to investment, reporting, and execution.

The planning needed to move from agreed strategy to delivery. It helps connect priorities to investment, reporting, governance and day-to-day execution.

Translating strategy into a practical short-term plan.

The translation of strategy into a practical short-term plan. It focuses on priorities, delivery steps, responsibilities and the measures that show whether progress is being made.

Building shared understanding across boards, leaders, and teams.

A process for building shared understanding across boards, leadership teams and delivery teams. It helps organisations use the same language, apply the same logic and make decisions more consistently.

Analysing the broader, longer-term changes from an activity.

The analysis of broader or longer-term changes associated with an activity or intervention.

Analysing the short- to medium-term changes from an activity.

The analysis of short- to medium-term changes resulting from an activity or intervention.

The portion of results directly caused by an intervention.

The share of an outcome that can reasonably be credited to the intervention rather than other factors.

The starting point used as a reference for measuring change.

The starting position used as a reference point for measuring change over time.

The people or groups who experience the effects of an intervention.

The people or groups who experience the effects of an intervention, service or investment.

Estimating value by applying evidence from comparable situations.

An approach that estimates value by applying evidence or values from comparable services, outcomes or markets.

Outcomes that would have happened anyway without the intervention.

The share of an outcome that would have happened even without the intervention.

Immediate changes that result directly from an intervention.

The immediate changes that result directly from an intervention.

The immediate effects of an organisation's activities or services.

The immediate effects that arise directly from an organisation's activities or services.

First-round value from an organisation's own spending.

The first-round value created by an organisation's own spending on goods, services and labour.

The rate at which an impact fades over time.

The rate at which an outcome or impact is expected to reduce over time.

How long an outcome or impact is expected to last.

An assumption about how long an outcome or impact is expected to last.

Factors that estimate the ripple effects of spending through the economy.

Factors used to estimate the wider economic effects of spending through supply chains and household consumption.

A sector-specific factor for estimating wider economic effects.

A sector-specific multiplier used to estimate the wider economic effects of spending.

Additional value created when direct spending triggers further activity.

The additional value created when an organisation's direct spending leads to further activity elsewhere in the economy.

Effects not reflected in market prices, flowing both ways.

Effects not fully reflected in market prices or accounts, including how an organisation affects the wider world and how external conditions affect the organisation.

A structured review of an organisation's condition or resilience.

A structured review of the condition, performance or resilience of an organisation, programme or sector.

A structured approach for defining, measuring, and communicating impact.

A structured approach for defining, measuring and communicating impact.

Using evidence to understand, improve, and report impact over time.

The ongoing process of using evidence to understand, improve and report impact.

How much social or economic value each pound invested creates.

A ratio showing how much social or economic value is created for each pound invested.

A monetary expression of the value assigned to an outcome.

A numerical or monetary expression of the value assigned to an outcome or effect.

Broader, longer-term changes across social, economic, or environmental systems.

The broader, longer-term changes that follow from outcomes, often across social, economic or environmental systems.

Secondary changes that arise as a knock-on effect.

Secondary changes that arise as a knock-on effect of an intervention.

Extra economic activity generated through supplier purchases.

Additional economic activity generated through purchases from suppliers.

Wider effects like resilience, stability, or local economic activity.

The wider effects enabled by an organisation's activities, such as improved resilience, market stability or local economic activity.

Economic activity from workers spending their income locally.

Additional economic activity generated when workers spend income in the wider economy.

The resources invested to deliver an activity or programme.

The resources invested to deliver an activity, programme or intervention.

A structured way of setting out objectives, measures, and assumptions.

A structured way of setting out objectives, measures and assumptions across inputs, outputs, outcomes and impacts.

Short- to medium-term changes that result from activities.

The short- to medium-term changes that result from activities or outputs.

A factor estimating wider activity from an initial round of spending.

A factor used to estimate the wider economic activity generated by an initial round of spending.

The direct products, services, or activities delivered.

The direct products, services or activities delivered.

A structured explanation of how activities lead to desired outcomes.

A structured explanation of how and why a set of activities is expected to lead to desired outcomes and impacts.

Assigning a monetary value to an outcome or effect.

The process of assigning a numerical or monetary value to an outcome, effect or asset.

A specific indicator used to estimate value or significance.

A specific indicator or variable used to estimate value or significance.

The wider benefit created for people and communities.

The wider benefit created for people and communities, often expressed in social, economic or environmental terms.

A concise statement of the future an organisation wants to help create.

A concise statement of the future an organisation is trying to help bring about.

Change in quality of life.

Change in quality of life.

Need areas relating to income, affordability, housing, and core daily-life services.

An impact area covering need areas relating to income, affordability, housing, essentials and access to core daily-life services.

Need areas relating to community life, belonging, volunteering, recreation and faith.

An impact area covering need areas relating to community life, belonging, participation, volunteering, recreation and faith.

A technical umbrella for statutory catch-all or residual charitable purposes.

A technical umbrella impact area used to house statutory catch-all or residual charitable purposes that do not fit neatly elsewhere.

Need areas relating to arts, culture, heritage, sport and knowledge.

An impact area covering need areas relating to arts, culture, heritage, sport and knowledge.

Need areas relating to business conditions, employment, productivity and income security.

An impact area covering need areas relating to business conditions, employment, productivity and income security. The outcome areas within Economy, Work and Prosperity include: Business environment and enterprise; Employment, good jobs and progression; Productivity and value creation; Economic participation and wider spillover effects; Income security and fair pay; Innovation, research and development; Tax, public revenue and fiscal contribution; and Exporting and external trade.

Need areas relating to health, care, prevention, and protection from harm.

An impact area covering need areas relating to health, care, prevention, healthcare access and protection from immediate harm.

Need areas relating to early years, education, skills, progression and life chances.

An impact area covering need areas relating to early years, education, skills, progression and life chances.

Need areas relating to place, built and natural environments, resources, climate and animal welfare.

An impact area covering need areas relating to place, built and natural environments, resources, climate and animal welfare.

Need areas relating to safety, safeguarding, rights, equality and social harmony.

An impact area covering need areas relating to safety, safeguarding, violence prevention, rights, equality and social harmony.

Conditions that allow businesses to start, grow, invest, employ, and contribute.

An outcome within Economy, Work and Prosperity. Businesses need conditions that allow them to start, grow, invest, employ, and contribute.

Opportunities to contribute to the economy and generate wider economic effects.

An outcome within Economy, Work and Prosperity. People, businesses, and institutions need opportunities to contribute to the economy through work, enterprise, volunteering, and activity that generates wider direct, indirect, and induced economic effects.

Access to secure, rewarding, fairly paid work with opportunities to progress.

An outcome within Economy, Work and Prosperity. People need access to secure, rewarding, fairly paid work with opportunities to progress.

Opportunities to sell beyond the Island and strengthen economic resilience.

An outcome within Economy, Work and Prosperity. Businesses and sectors need opportunities to sell goods and services beyond the Island, attract income from external markets, and strengthen economic resilience.

Income that is stable, sufficient, and fair relative to living costs.

An outcome within Economy, Work and Prosperity. People need income that is stable, sufficient, and fair relative to living costs.

Activity that creates new knowledge and supports future growth and competitiveness.

An outcome within Economy, Work and Prosperity. The economy needs innovation, research, and development activity that creates new knowledge, improves products and services, and supports future growth and competitiveness.

Skills, assets, and conditions to create economic value efficiently and at scale.

An outcome within Economy, Work and Prosperity. People, businesses, and institutions need the skills, assets, and conditions to create economic value efficiently, sustainably, and at scale.

Sustainable tax revenues and fiscal contribution to support public services.

An outcome within Economy, Work and Prosperity. Economic activity needs to generate sustainable tax revenues and wider fiscal contribution to support public services, infrastructure, and long-term prosperity.

Whether goods or services can be accessed without undue financial strain.

The extent to which suitable goods or services can be accessed without causing undue financial strain.

Spending on long-term assets like buildings, equipment, or technology.

Spending on long-term assets such as buildings, equipment or technology.

Investment in assets that support future economic activity.

Investment in assets such as buildings, equipment or infrastructure that support future economic activity.

An index estimating care cost pressure from dependent populations.

An index used to estimate care-related cost pressure based on the size and expected needs of different dependent populations.

Economic activity where charities sell goods or services at market prices.

Economic activity by charities where goods or services are provided at economically significant prices.

Collaborative projects spanning government, business, and civil society.

Projects or programmes delivered through collaboration across sectors such as government, business and civil society.

The support burden on working-age people from dependent populations.

A measure comparing the dependent population with the working-age population, indicating the support burden on those in work.

Value added created directly by an organisation's own activity.

The value added created directly by an organisation's own activity.

Philanthropic accounts where donors set aside funds and recommend grants.

Philanthropic giving accounts through which donors can set aside funds and recommend grants over time.

Assets or services that support participation, resilience, and economic activity.

Assets or services that do more than meet immediate need by supporting participation, resilience and wider economic activity.

How much an organisation relies on particular income sources.

The extent to which an organisation relies on particular income sources or funders.

The ability to absorb financial shocks and keep operating.

The ability of an organisation to absorb financial shocks and continue operating.

Unrestricted funds available for unexpected costs or shortfalls.

Unrestricted funds that can be used to manage unexpected costs or income shortfalls.

Total labour input expressed as the number of full-time workers.

A way of expressing total labour input as the number of full-time workers it represents.

Funding provided without repayment to support specific work.

Funding provided, usually without repayment, to support specific projects, programmes or core activity.

Total economic activity including direct, volunteer, and in-kind contributions.

The total economic activity associated with an organisation's spending, including direct, volunteer and in-kind contributions where relevant.

Operating surplus after labour costs, before interest, rent, and taxes.

The surplus generated from operating activity after labour costs but before interest, rent and taxes.

Output minus intermediate inputs, the standard measure of production value.

The value created through production, usually measured as output minus the cost of intermediate inputs.

Gross Value Added, a core measure of economic output.

Gross Value Added; a measure of the value created through economic activity.

The level of education or training typically required for a role.

A description of the level of education, training or experience typically required for a role or task.

A non-cash contribution like free use of property, expertise, or services.

A non-cash contribution, such as free use of property, equipment, expertise or services.

Value added generated through an organisation's supply chain.

The value added generated through an organisation's supply chain.

Value added from income being spent elsewhere in the economy.

The value added generated when income earned through an activity is spent elsewhere in the economy.

Contracts spanning more than one accounting period.

Contracts to provide goods or services over more than one accounting period.

When markets alone do not deliver efficient or socially desirable outcomes.

A situation in which markets alone do not deliver outcomes that are efficient, equitable or socially desirable.

The overall change in an organisation's funds over a reporting period.

The overall change in an organisation's funds over a reporting period.

Charity activity where services are free or not at market price.

Economic activity by charities where services are provided free or at prices that are not economically significant.

Non-profit organisation.

Non-profit organisation.

How much people can take part in work, education, and community life.

The extent to which people can take part in work, education and community life.

Agreements where public bodies commission organisations to deliver services.

Agreements under which public bodies commission organisations to deliver services or projects.

A business that trades to achieve a social or environmental purpose.

A business that trades to achieve a social or environmental purpose and reinvests a substantial share of any surplus in that purpose.

Grouping people by occupation, education, and income.

Ways of grouping people by factors such as occupation, education and income to reflect social and economic position.

The amount spent on wages, salaries, and employee pay.

The amount spent on wages, salaries and related employee pay.

The longer-term goals guiding an organisation's direction.

The longer-term goals that guide an organisation's direction and priorities.

Charities, voluntary organisations, social enterprises, and mission-led groups.

Charities, voluntary organisations, social enterprises and other mission-led organisations outside the public and private sectors.

Total monetary value of an organisation's activity before deducting costs.

The total monetary value created by an organisation's activity before deducting its costs or losses.

Everything an organisation spends on goods, services, and staff.

The total amount an organisation spends on goods, services and staff over a given period.

The estimated market value of time and skills contributed by volunteers.

The estimated market value of the time and skills contributed by volunteers.

Expected increase in earnings from improved educational attainment.

The expected increase in future earnings or outcomes associated with improved educational attainment.

Value created when interventions help people enter, stay in, or enable work.

The value created when an intervention helps people enter work, stay in work or make work possible for others.

Changes in health and wellbeing attributable to an intervention.

Changes in health and wellbeing attributable to an intervention, often expressed using health-related valuation measures.

An action or programme intended to improve health outcomes.

An action, service or programme intended to improve health outcomes.

A measure combining length and quality of life to assess health benefit.

A measure that combines length of life and quality of life to assess health benefit.

Public spending avoided because an intervention reduces demand for services.

Public spending avoided because an intervention reduces demand for publicly funded services or support.

Occupation groups used to classify work by skill level for pay analysis.

Occupation groups used to classify work by skill level for analysis of pay and labour-market effects.

Care costs avoided because an intervention reduces the need for paid support.

Care or support costs avoided because an intervention reduces the need for paid provision.

The wider social, economic and environmental value of an organisation's work.

The wider social, economic and environmental value created by an organisation's activities.

All social value created, expressed in monetary terms where possible.

The total social value created by an organisation's activities, expressed in monetary terms where appropriate.

A measure of change in life satisfaction over time.

A measure of change in life satisfaction over time, used to value wellbeing effects.

How an activity helps protect, restore, or enhance biodiversity.

The contribution an activity makes to protecting, restoring or enhancing biodiversity.

Greenhouse gases that trap heat and contribute to climate change.

Greenhouse gases that trap heat in the atmosphere and contribute to climate change.

The monetary value assigned to renewable energy generation.

The monetary value assigned to renewable energy generation.

The monetary value assigned to emissions using a carbon price.

The monetary value assigned to greenhouse gas emissions using a carbon price.

The monetary value of emissions from non-recycled waste.

The monetary value assigned to the emissions associated with non-recycled physical waste.

The monetary value of emissions avoided through recycling.

The monetary value assigned to emissions avoided through recycling.

Kilowatt-hour, a unit of energy consumption or generation.

Kilowatt-hour; a unit used to measure energy consumption or generation over time.

Tonnes of carbon dioxide equivalent, a standard emissions measure.

Tonnes of carbon dioxide equivalent; a standard measure that expresses different greenhouse gases on a common basis.

Total environmental value created or lost, expressed in monetary terms.

The total environmental value created or lost through an organisation's activities, expressed in monetary terms where appropriate.

Government of Jersey - the island's public authority and fiscal counterparty.

The Government of Jersey is the public authority of the Bailiwick of Jersey, responsible for setting tax policy, collecting public revenues (income tax, social security contributions, GST) and funding public services. In an economic assessment, it is the counterparty for the fiscal contribution flowing from an organisation's payroll and spending activity.

The body regulating registered charities in Jersey.

The body responsible for regulating and overseeing registered charities in Jersey.

Jersey's financial services regulator.

Jersey's financial services regulator, including oversight responsibilities relevant to higher-risk non-profit organisations.

A Jersey charity with limited public disclosure of certain details.

A charity listed in the restricted section of the Jersey register, with limited public disclosure of certain details.

HM Treasury guidance on appraising policies, programmes, and projects.

HM Treasury guidance on how to appraise policies, programmes and projects, including how costs and benefits should be valued.

The ability to use digital technologies confidently and responsibly.

The ability to use digital technologies confidently, critically and responsibly for work, learning and participation.

How deeply digital activity and skills are embedded in an economy.

The extent to which digital activity, skills and technologies are embedded across an economy or society.

The degree to which digital tech is integrated within an organisation or sector.

The degree to which digital technologies are used and integrated within an organisation, sector or economy.

The housing people want and can obtain under current conditions.

The amount and type of housing people want and can obtain under current economic conditions.

The housing required for people to live safely and affordably.

The housing required for people to live safely, affordably and appropriately, whether or not the market currently provides it.