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the ‘increased integration of refugees’ as an intended change for your funder,
you need to recognise that this is really an outcome for refugees. If this is
also recorded as an outcome against the funder it would be double counting.
Sometimes, although a stakeholder contributes to the activity, they are not
significantly changed by it.
In cases where the state is the funder there may be changes to society which you
could include. In the above example, integration of refugees may reduce benefit
payments which can then be included as a change for the state.

Making a judgement on outcomes
In deciding on outcomes, you should consider other factors, such as the
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organisation’s objectives, as well as the views of your stakeholders.
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Stakeholders’ views are critical but they are not the only factors in deciding
e 2 e 2
which outcomes are significant. SROI is described as stakeholder-informed,
rather than stakeholder-led, to recognise this.
This has some practical implications. For example, a substance user may
express a desire to continue using. In these cases you may decide not to include
the desired outcomes of one of your stakeholders as they conflict with your
organisation’s own intended outcomes and values.
Top Tip: Soft and hard outcomes
People sometimes use the terms ‘soft’ outcomes and ‘hard’ outcomes – the latter
being outcomes that are easier to measure or subject to more established means of
measurement. It is better to avoid this categorisation because if a ‘soft outcome’ is
significant to the stakeholders it will need to be included in your SROI analysis, so it
will be necessary to find a way to measure it.
Intermediate outcomes, or distance travelled
Sometimes it takes years for outcomes to take place – for example, slowing the rate of
climate change – but there may be observable changes along the way. You may have
heard this described as distance travelled, intermediate outcomes, or a chain of events.
It is important to establish what this chain of events is, not least because your activity
may only bring about some changes in the chain.
When a new outcome is identified by stakeholders or by your assessment of other
factors, you will need to decide whether it is an entirely new outcome, or in fact part of
an existing chain of events.
The worked example – describing outcomes
Look at the Impact Map for Wheels-to-Meals on page 102, the pink section shows
you how the column for describing outcomes has been completed.
When the initial analysis was undertaken, one of the assumptions was that residents
 A guide to Social Return on Investment
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