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- What is Social Value?
- Tools & Resources
Long-standing member of the SROI Network Sinzer, formerly known as Social E-valuator, has released a new software solution for measuring impact. The team in the Netherlands have created this software to facilitate best practice of impact measurement.
- Efficient and easy data entry to save time
- Online surveys to engage your stakeholders
- Clear dashboard to facilitate presentation of findings
- Ability to analyse and compare your project with scenarios and benchmarks
- Linking with the SROI Network’s very own Global Value Exchange meaning you can add outcomes, indicators and valuations with just a few clicks.
The SROI Network has its own ‘community’ on the site, meaning that our members can interact and invite others to help them complete their reports.
Sinzer is offering all SROI members a free 30 day trial of the new software solution. After this, members of the SROI Network can then create a personalised account in the SROI Network community for €200 per year. In your account, you can create one free SROI analysis (each subsequent project costs €60 per year extra).
Over ￡30k prize fund shared by businesses working for social impact
The RBS SE100 Index is pleased to announce the winners of its 2014 awards. Five winners were chosen from 1365 social ventures listed on the RBS SE100 Index in the UK. The awards highlight the strength of the social enterprise sector and its ability to create both social change and economic growth nationwide.
The 2014 winners are working to tackle some of the UK’s most pressing social problems, helping to get people from disadvantaged backgrounds back into work and addressing their educational, training and wellbeing needs.
These inspiring organisations now share over ￡30,000 in prize money awarded today at the Good Deals social investment conference, in recognition of the contribution that these social enterprises have made to society.
Growth champion ￡10k prize: Goodwill Solutions – East Midlands
Goodwill Solutions offers bespoke logistics and warehousing solutions to retailers and global manufacturers. It uses the infrastructure and surpluses generated to run 'back-to-work' courses for ex-military with PTSD, ex-offenders, and other disadvantaged individuals.
Impact champion ￡10k prize: Wellbeing Works – East Midlands
Wellbeing Works delivers a specialist behavioural change programme to improve emotional and physical wellbeing in Derby, working particularly with NEETs, people in poverty, people with chronic pain and mental health issues and people who have been victims of crime and abuse.
Trailblazing newcomer ￡5k prize: Realise Futures CIC – East
Realise Futures operates across Cambridgeshire and Suffolk providing careers advice and community learning for adults, therapeutic services for people with learning disabilities and supporting disabled and disadvantaged people to gain employment across the region.
Resilience award ￡5K prize: FRC Group – North West
FRC Group runs three social businesses including furniture recycling and waste management projects. These produce financial profits and create a social dividend by giving people in poverty and unemployment the opportunity to change their lives.
Storyteller award ￡2.5k prize: John Taylor Hospice – West Midlands
John Taylor Hospice's purpose is to ease the personal and financial cost of illness and death. They were nominated for their ‘Benjamin’s Brothers’ campaign, aiming to raise awareness of prostate cancer in Afro-Caribbean men buy taking a prosthetic bottom into the local community.
The SROI Network was pleased to offer their support in judging the Impact champion award, and would like to give special congratulations to our members the FRC Group and Realise Futures.
The winners with their awards
Infrastructure organisations can apply to gain access to free vouchers to exchange for training in social value measurement via The Big Assist.
Funded by the Big Lottery Fund and delivered through NCVO, The Big Assist is a program designed to support infrastructure organisations become more effective, sustainable, and more adaptable to change.
Organisations can apply online. If they are eligible they can receive free vouchers to spend on services across a range of areas, from strategy and managing change to building relationships and financial sustainability. Now that the SROI Network has become a registered supplier, organisations can use their vouchers on any of our SROI training courses.
Click the following links for information about eligibility for the scheme, the SROI Network’s profile on the marketplace, or other benefits of signing up, including access to an online forum and a library of resources.
The UK’s top performing social enterprises in the running to win a share of ￡30k prize fund
Now in its 5th year, the leading market intelligence tool for social ventures, the RBS SE100 Index, is pleased to announce the shortlist for its 2014 awards. The Index is an online listing of social enterprises, ranked and scored according to their growth and social impact. The SROI Network is proud to support the SE100 as a partner, providing assistance with due diligence during the awards decision process.
The 2014 winners will share a ￡30, 000 prize fund that will be awarded at the RBS SE100 Annual Awards on the 24th November 2014, at the Good Deals social investment conference in London. The shortlist is divided into five categories: Sustainable Growth, Social Impact, Trailblazing Newcomer and the Resilience and Storyteller awards:
Growth champion nominees:
Manor House Development Trust
Changing Lives in Cheshire
Impact champion nominees:
Trailblazing newcomer nominees:
The Bidgley Power Foundation
Realise Futures CIC
Bad Idea organisation CIC
Storyteller award nominees:
John Taylor Hospice
The Fig Tree
Landlife National Wildflower Centre
Resilience award nominees:
The Reader Organisation
John Taylor Hospice
Duncan Sloan, RBS Head of Community Banking, said: “RBS has been supporting businesses set up to solve social problems for many years. The social enterprise sector is a valuable part of the UK economy and it is our aim to support its development. The RBS SE100 awards allow us to celebrate the successes of the UK’s social enterprises. Sometimes social enterprises need funding to get off the ground, other times they need access to the right networks to ensure they can evolve. The RBS SE100 index provides just that, and is a key initiative in our commitment to the success of the social enterprise sector.”
Further details about the shortlisted organisations can be found on: SE100.net
FRC Group has produced what is believed to be the first integrated financial and social value report.
As well as producing annual financial accounts, the Liverpool-based social enterprise has produced an award winning Social Impact report for the past 15 years which has always undergone a rigorous audit process but this is the first time the two reports have been brought together in one integrated report, combining financial statements and social value performance.
The report has been independently audited by BDO LLP and contains an audit report on the financial accounts as well as an assurance report on the social value information.
This clearly demonstrates the value FRC Group places on the social impact it creates as well as meeting robust audit standards for the financial performance of the charity.
Graham Morris OBE, Chairman of FRC Group, said: "For the first time our public reporting fully reflects the double bottom line approach that FRC Group takes. Communicating our social value creation alongside our financial performance takes our commitment to transparent and inclusive reporting to the next level. Our finance reporting tells us if we are doing things right whereas our social value reporting tells us if we are doing the right things."
FRC Group was created as Furniture Resource Centre in 1988, a Liverpool charity formed to help families by redistributing unwanted, good quality furniture to those in need, and social purpose has always been at the heart of everything the charity does.
FRC Group is now a leading UK social business, running commercial businesses that produce financial profits and create a social dividend by giving people in poverty and unemployment the opportunity to change their lives.
Jeremy Nicholls, FRC Group Social Value Committee Chair, CEO SROI Network, said: “Integrating our social and financial reporting is a clear statement that all of this value matters to our stakeholders and that simply looking at commercial performance is not enough.”