Financial Statements 2016 | Page 25

Theme Evidence the impact of social value Objective: What has Accord committed to? Implementation: What has been delivered? Improved reporting on how procured goods & services improve the economic, social and environmental well-being of our communities (as per Social Value Act). n Major procurement and contracting arrangements include references to the Social Value Act and require suppliers to support local employment and supply chain n Accord is subscribed to the principles of Birmingham City Council’s Social Charter which includes a fair pay commitment to all employees in the Council’s supply chain n The Group’s Jobs and Skills Coaches who have worked with over 200 members of the community with income management support, helping them secure £100,000 of additional income. In addition in 2015/16 the Group has: Improved reporting on how the Group’s work improves the life chances/opportunities for customers and service users. Develop a consistent methodology for measuring and reporting social value impact in a meaningful way. Supporting local economies through the supply chain (links to Strategic Objective 1 & 3). l Supported 182 people secure training opportunities Provided 55 work experience placements to young people l Provided 94 volunteering opportunities to support people with employment pathways l Helped 147 into employment, 133 of which were permanent roles. l n The Group is committed to the development and implementation of a Social Value strategy which is substantially completed and shall be approved and implemented in 2016 n Accord uses, amongst other tools, the HACT Well-being Valuation model to internally measure and assess the impact of social value which is inherent in the Group’s core housing and care services n Skills for Life Project: 122 participants from a range of referral types have accessed life skill enhancement courses including music and craft workshops. Financial Statements 2016 23