Social Impact 2019-2020
About The Social Impact 2019 - 2020 Infographic
The infographic above tells us the following:
We invested £52,328.93, which achieved £1,172,859 of Social Impact. This means that every £1 we invested achieved £22.41 of Social Value.
Access to the Internet
We provided a facility for the community to have regular access to the Internet. This affected 78 households. To do this, we invested £1,000 and achieved £169,551 of Social Impact, a ratio of 1:169.55.
Access to Youth Clubs
We gave residents access to the Turning Tides Youth Club and the Southend Youth Club. This affected 68 households. To do this, we invested £2,000 and achieved £135,734 of Social Impact, a ratio of 1:67.87.
Building Safe Communities
During our Community Days, we asked our residents to complete a survey. 60 households told us that they talk to their neighbours regularly. 16 households said they have no litter problems and 28 households said they have no problems with teenagers hanging around. To do this, we invested £3,775 and achieved £404,581 of Social Impact, a ratio of 1:107.17.
Improvement to the Environment
We completed several projects using the Estate Improvement Budget. To do this, we invested £7,515 and achieved £109,585 of Social Impact, a ratio of 1:14.58.
We invested in the Federation of Estuary Residents (FER), Scrutiny Leads and Resident Groups. This affected 21 households. To do this, we invested £9,148.93 and achieved £97,361 of Social Impact, a ratio of 1:10.64.
Residents Gaining Employment
We supported 6 residents into starting an apprenticeship. We also supported 8 residents into full-time employment, and 4 into part-time employment. To do this, we invested £7,000 and achieved £108,639 of Social Impact, a ratio of 1:15.52.
Support Into Employment
We helped 21 of our residents to complete work experience and volunteering. We gave Employment Support Sessions to 112 residents, and general training to 29 residents. To do this, we invested £20,000 and achieved £139,389 of Social Impact, a ratio of 1:6.97.
Temporary Accommodation To Secure Housing
We helped 1 resident to move from temporary accommodation to secure housing. To do this, we invested £1,890 and achieved £8,019 of Social Impact, a ratio of 1:8,019.
Social Impact 2019-20
We generated £1,172,859 of social impact in the financial year of 2019/20.
We invested £52,328.93 into getting residents into employment, apprenticeships, supporting resident groups and associations, youth clubs, volunteering opportunities, social groups and providing access to the Internet.
By committing this investment in the community, every £1 invested generated £22.41 of social value.
What Do We Mean By Social Value?
Social Value is the term used to describe the extra value created when we deliver a service contract which has a wider community or public benefit.
For example, we could fund a youth club which encourages children to make friends, join a sports team and be able to play safely. This may create more social value by promoting volunteering, improving health or reducing anti social behaviour and low level crime in the area.
How Do We Measure Social Value?
We use the HACT (Housing Association Charitable Trust) Social Value Calculator as it is a simple way of attaching cash values to social activities that are traditionally more difficult to measure. We are exploring a certification process with HACT to check we have applied the Social Value Toolkit correctly.
We will continue to use the toolkit to calculate Social Value. It will help us to determine how to use our resources wisely when planning or agreeing to fund projects. We will publicise our achievements through our website, tenant magazine articles and in our annual report.