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Building a Transitional or Intermediate Labour Market Sub-theme: social accounting – justifying interventions and provi

Building a Transitional or Intermediate Labour Market Sub-theme: social accounting – justifying interventions and proving impacts Case Study: Create. What I want to do…. What is social impact and why is important to assess it What is social accounting Case study – Create

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Building a Transitional or Intermediate Labour Market Sub-theme: social accounting – justifying interventions and provi

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  1. Building a Transitional or Intermediate Labour MarketSub-theme: social accounting – justifying interventions and proving impactsCase Study: Create

  2. What I want to do… • What is social impact and why is important to assess it • What is social accounting • Case study – Create • Social Return on Investment (SROI)

  3. What is social impact? ‘Changes resulting from an organisation’s activities’ Charities Evaluation Service ‘The effect of an activity on the social fabric of the community and well-being of the individuals and families’ businessdictionary.com ‘We know this works and we know this makes a difference but often find it difficult to produce the evidence.’ Capital Community Foundation

  4. Why is assessing and measuring social impact value important? How does your organisation tell the story of what it is trying to do? How does your organisation back up great stories and anecdotes with hard evidence?....AND… How does an organisation prove and improve what, how and why they do what they do?

  5. Some reasons… Social enterprise’s or NGO’s core business is about social, environmental and economic impacts Some other reasons…. Internal… Strategic planning Decision-making Learning/development On-going improvement External… Funders/investors Accreditation/regulators Tendering/contracts

  6. Proving and improving… Proving… Data/information Analyse/evaluate Report Improving… Monitor Actions Recommendations

  7. Social accounting and audit is… …a logical and flexible framework which enables your organisation to build on existing documentation and reporting systems and develop a process so that you can… …Prove! - account fully for and report on your organisation’s social, environmental and economic performance and impact… …Improve! – provide the information essential for planning future actions and improving performance; and …Account! – be accountable to all those you work with and work for…

  8. Extract from Prove, Improve, Account: New Guide to Social Accounting and Audit…

  9. Critical characteristics of SAA… • Framework which can include different tools • Becomes embedded in the organisational life cycle • Runs alongside financial accounts • Reports on social, environmental and economic performance and impact • Done by and controlled by the organisation - empowerment • Accounting to all stakeholders • Mix of measurement and “story” • Independent verification is crucial

  10. Case study: CREATE • Located in Liverpool (est. 1995) – T/O £2m pa • Refurbish white goods (fridges, cookers, etc) • Targets ex-offenders, disadvantaged groups (ethnic, disabled, drug addicts) • 12 month contracts in sorting, refurbishing, selling recycled white goods • Formal training • 60% of participants go onto employment • Reduces landfill (1500 white goods/week) • 10% of refurbished goods sold to low income families

  11. Case Study: CREATE and Social Accounting • Kept social accounts from 2001 – 2002 • Looked at objectives eg. benefits of ILM to target group; benefits of recycling • Assessed performance of organisation and social impact (social, environmental, economic) • Wrote a report that was verified

  12. Case Study: CREATE benefits of social accounting • Managed the organisations better • Understood their performance and their impact on beneficiaries • Communicated better with funders – thus winning contracts and business • Improved the services they provided through listening to stakeholders’ views • More accountable through better reporting • Learnt new skills

  13. Another method of measuring social impact… Social Return on Investment (SROI) • Cost benefit analysis • Give a financial figure for all outcomes and compare it with amount spent • This shows that for every £x invested £y of social value is being created • Popular with funders

  14. Thank you! • Any questions? • Further information… www.socialauditnetwork.org.uk www.thesroinetwork.org Prove Improve and Account: New Guide to Social Accounting and Audit (2011) Guide to Social Return On Investment (2008)

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