Monday, April 13, 2015

a(nother) new era in social impact/value reporting...

It's that time of year again - the end of most groups' financial reporting period and the start of their thinking about collating all their records into the annual accounts for filing with various bodies. It's also the time of year when I also start to collate my records to produce my 'social accounts' (social impact/value report) on myself (and to my knowledge, am still the only freelance consultant globally to do so...see here for last years': http://bit.ly/1kS2ol2)

This will be the 9th year I've produced and published this perspective on my performance in openly reflecting on how far I've been able to enact my personal values in approaching and delivering the support I offer to various groups. And just as with previous years, I'm keen not to rest on my laurels, but to keep refining the framework and methodology, to make it even more useful and relevant as a document.

This year's evolution was prompted by my role in delivering the financial management module for a programme with Anglia Ruskin University that supports managers of charities and social enterprises better lead their respective ventures. I was reflecting with the current cohort of learners on the stories that accounts tell, and how frustrating it is that accounts only show a very narrow period: the last 2 financial years. It's hard to gauge if what's being reported is the 'norm' or has been subject to 'blips' - especially as the supporting notes to financial accounts are usually very brief and don't tell everything they could.
And that prompted me to think about how I present my own social accounts (and how all other organisations I know who also produce social accounts report theirs): many of the measures I report against I've been using for several years, so can easily start to spot trends and norms within them, but what of the casual reader of them who's not been following them with me for the last 9 years? I've always reported the results of the last year against the previous for comparison, but will now be including a 3rd column - the long-term average of each indicator to make it easier to see if my impact/value is improving or waning...

And what do they show for this year? Well, I've already generated the report, but you'll have to wait until next month when I'll be releasing it as part of the first Social Enterprise Festival in Greenwich where I've been invited to speak on the theme of reporting social impact and value. So you'll either have to book a (free) ticket to the session, or wait with baited breath until afterwards... 
However, as with previous years I'll also be publishing it via twitter using the tag #AAimpact15 as well. Some may recall that last year this led to an 'interesting' twitter debate between myself and Liam Black as to the validity of any accounts (social or financial) that aren't independently audited. Am looking forward to what the twittersphere makes of my latest results...