In August 2014 Lucy Edwards from The Fed attended a two day master class in ‘Social Accounting and Audit’ run by Salford CVS. This session confirmed for The Fed the value in undertaking social accounting and audit. The classes outlined the practical steps involved in undertaking the process of accounting as well as the context within which social accounting has developed.
These accounts cover the period from 1st April 2015 – 31st March 2016. It was decided early on that the accounts would cover the organisation’s services and activities for individual resident and service users. Interviews and questionnaires were used as consultation tools. This set of accounts are The Fed’s inaugural set of social accounts.