How does your organisation demonstrate its social impact?
How does it measure social benefit?
There are many tools and methods you can use to demonstrate added value.
Social Return on Investment [SROI]
Developed by New Economics Foundation [nef] SROI is designed to help organisations demonstrate value and manage the triple bottom line [social economic and environmental benefits]. It is a measurement approach, developed from traditional cost-benefit analysis that captures the economic value of social benefits by translating social objectives into financial measures
Social accounting and audit allows a social enterprise to build on its existing monitoring, documentation and reporting systems to develop a process whereby it can account fully for its social, environmental and economic impacts, report on its performance and draw up an action plan to improve on that performance.
SEN has run several workshops lead by qualified Social Auditors from Merseyside.
Other Accounting & Reporting tools and models
Measuring Impact & Performance
- Achieving Better Community Development [ABCD]
- Key Social & Cooperative Performance Indicators [KSCPIs]
- Eco Mapping
- Global Reporting Initiative [GRI] Guidelines
- Local Multiplier 3 [LM3]
- Look Back Move Forward
- Prove It!
- Outcomes Star- A unique tool for supporting and measuring change when working with vulnerable people.
The SROI Network have launched 'A Social Enterprise Guide to Accounting for Value' which explores some of the challenges and myths, and provides insight into why and how investors, commissioners and intermediary organisations are assessing the value created by the organisations they fund and support. Click here to download.