The HCA collects all financial and statistical data from private registered providers through NROSH+. NROSH+ is a single web-based portal for providers to submit the regulatory returns and supporting documentation required to enable regulation of the economic standards.
From April 2013, a new round of data collection via the NROSH+ will commence. The system and processes will be very similar to 2012/13. All providers, including that own less than 1,000 units, are required to complete and submit a Statistical Data Return (SDR) to NROSH+ by 31 May 2013. All larger providers that own more than 1,000 units will be required to submit the following regulatory returns to NROSH+:
|
Data Returns |
Deadline |
|
Statistical Data Return (SDR) |
31 May 2013 |
|
Financial Forecast Return (FFR) (with business plan and other supporting documentation). |
6 weeks after business plan sign off by the provider’s board. Providers to input due date into NROSH+. |
|
Quarterly Survey (QS) |
3 weeks after end of each quarter. First submission of QS to NROSH+ scheduled for July 2013 (Q1 2013/14 survey). |
|
Electronic Annual Accounts (FVA) |
6 months after financial year end. |
|
Regulatory Documents |
|
|
Audited Accounts Audit Management Letter Fraud Report |
6 months after financial year end. |
Providers need to be aware of the changes to data returns for 2013/14. For the first time, NROSH+ will be used as the only means to submit Quarterly Survey data (planned for the Q1 2013/14 survey). The templates for all the main data returns (SDR, FFR and FVA) have been updated to reflect changes in information needed to support economic regulation and in the new Accounting Direction for Private Registered Providers of Social Housing (SORP, 2012). Data returns are an important mechanism by which we monitor key financial risks, and it is essential that providers continue to supply accurate and timely data. To help ensure data integrity, validations on data returns have been revised and strengthened in places.
In order to use NROSH+ effectively, it is important providers:
Refreshed templates and guidance for the annual returns will be available on the NROSH+ website prior to April 2013 and for the Quarterly Survey prior to July 2013. If you have any queries, please refer to the helpdesk details on the NROSH+ website at https://nroshplus.homesandcommunities.co.uk.
NROSH+ requirements for 2013/14 were summarised in letters sent by email and hard copy to all providers’ Chief Executives on 15 March 2013.