At At the heart of of the Com Communit ity an and the hear - - PowerPoint PPT Presentation

At At the heart

• f
• f the Com

Communit ity an and the hear art of

• f the

Sou South Downs Nation ional al Par ark

Village Meeting January 18th 2019

To Today ay ay

• Update – Peter Gibbon
• Feed back the results of the questionnaire – Sally

Kayworth

• Briefing by the Plunkett Foundation – Mark McTaggart
• Present the different ways we plan to fund it and our

timeline – Nico Dekker

• Q&A – gain further views from the community and

answer your questions

• FAQ’s - Thanks

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Up Update

• Community Benefit Society (CBS) set up - a not for profit organisation

where any profit made must be used for the benefit of the community

• Have Financial Conduct Authority approval (no. 7991)
• Have applied to SDNP and CDC for change of use application and

started to prepare plans for the building and site

• Taken advice from the Plunkett Foundation and various similar

exercises to come to the best structure and organisation rules

• Subject to us raising the funds we have agreement with the owners to

purchase the Blue Bell. Exchange end March and complete end April 2019

• Our website is up and running www.bluebellhub.org
• Account being set up with Handelsbanken in Petersfield
• We’ve joined the SDNP visual identity scheme a ‘marque’ that

supports the National Park and all the businesses with it

Th The Committee

• Philip Jackson – President
• Peter Gibbon – Chairman
• Nico Dekker – Vice Chairman – Business plan and project

management

• Frances Russell – Parish Councillor – Grant funding
• Sally Kayworth – Community
• Gill Buchanan – Tenant and retail
• Alan Massey – IT, web and social media
• Jonathan Harvey – Legal

As per the articles of a CBS the committee automatically retire at end of year 1

Qu Question

• nnaire

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Sent out 200 questionnaires to the village and surrounding area – c70 replies Been reviewed by a new member of the committee Results

If our pub in Cock cking was saved by the co community would you or any member of your ho house useho hold d use use it?

?

• Yes: 56 (82%)
• No: 7 (10%)
• Seldom/occasionally: 3 (4%)
• Did not answer: 3 (4%)

50 100 Question 1: If our pub in Cocking was saved by the community would you or any member of your household use it? Yes No Seldom/occasionally

• Yes: 82%

Wh What additional or community services wo would you like to see offered?

• A shop/café/post office
• After-school clubs, walking groups and pop-up

health services (although, the village hall was also suggested as being a more suitable venue)

• Computer training, a meeting place for older

residents, bike repairs, singing and discussion groups, live music, a book club and cash machine

• A noticeboard to include information of South

Downs trails, local events and groups taking place at the less central Village Hall

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Wh What kind of catering would yo you like to see?

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'good quality pub grub' /'traditional pub food' using local produce and at reasonable prices.

Wh What activities would you be interested in?

• Pub quizzes
• Darts and other pub games
• Music nights and theme nights
• Whist drives, skittles, nature groups, bike repairs,

computer advice, meetings- particularly for the elderly, coffee mornings

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Ho How important is it to have e a pub in Co Cocking?

• Important or very important: 73%

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10 20 30 40 50 Question 6: On a scale of 1-5, how important do you think it is to have a local pub in Cocking? Very important- 5 4 3 2 1 Did not answer the question

If If t the s shop/p /post o

• ffice m

moved t to t the hub hub woul uld d you u us use it?

• Yes: 94%

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10 20 30 40 50 60 70 Question 7: If the shop and post office moved to the hub would you or any member of your household use it? Yes No Other

Ho How important is it to have e a shop & post

• f
• ffice in Coc
• cking?
• Very important 85%

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10 20 30 40 50 60 70 Question 12: On a scale of 1-5, how important do you think it is to have a shop and post office in Cocking? Very important- 5 4 3 2 1 Did not answer the question

The Plunkett Foundation

Mark McTaggart

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About the Plunkett Foundation

Charity founded in 1919 by Sir Horace Plunkett We help rural communities to overcome problems through the creation of community

• wned co-operatives

Problems including access to daily services, withdrawal of public services, erosion of community cohesion, employment opportunity, loneliness and isolation... We provide practical support such as business advice, study visits and mentoring, together with membership benefits such as networking

• pportunities, information, and signposting to

approved suppliers

What is a Community Pub?

See the Plunkett Co-operative Pubs A Better Form of Business Report

Owned by members Membership is open and voluntary Governed democratically Benefits go back to the community

Some statistics!

There are 85 existing Community pubs, with 153 in the pipeline! Average shares raised - £285,413 Most groups have chosen a Community Benefit Society structure. 100% Success Rate

• Form of Cooperative
• Limited Liability
• Can issue withdrawable share capital
• One member one vote
• Large membership
• Can pay interest on shares
• Asset lock

What is a Community Benefit Society?

Benefits wider community You own the pub and are in control People investing are more likely to use the pub Community share capital a social investment with some financial benefit Fair and democratically run

Why be a Community Benefit Society?

FAQ’s

• What are community shares?

Withdrawable share capital that can only be issued by CBS’s

• Why should I buy a community share?

To help secure the Bluebell for your community and to have a say in it’s future

• Do shares give me voting rights?

Yes, everyone has an equal voice regardless of their shareholding and you get to vote at AGM’s and stand for management committee election

• How do I get my money back?

You can withdraw your shares after 3 years and with 3 months notice. You can’t sell

• r transfer your shares; withdrawals are funded through surpluses or new capital

from members

• Will I make money on the shares?

The share price cannot go up, but could go down. However, the investment is primarily a social one, to secure your community pub. Interest can be paid after 3 years, if the society thinks it is in a position to do so

• What if the business fails?

The pub could be sold and after paying creditors, shares repaid

The Half Moon, Balcombe www.halfmoonbcpl.co.uk

The Bevy www.thebevy.co.uk

The Fox and Hounds Denmead

www.foxandhoundsco-operative-pub.uk

The Blue Bell Hub Plans

A strong Vision for what your community wants Offers economies of scale by combining Pub, Shop and PO Financial modelling is robust Finance targets ambitious but achievable With your support, the pub can be a success

Different ways we plan to fund it and our timeline

So Source ces s of possi ssible funding

Grants: Many different types of grants are available. Success will depend on meeting the criteria of the funding organisation WSCC, CDC, SDNPA, Rural Dev Programme, Princes Countryside Trust, CAMRA, LEADER, Big Lottery, etc.

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The Plunkett Foundation: More than a Pub Scheme Community Shares: People to purchase shares in the enterprise and receive interest after 3 years Loans: From individuals with links to the village plus banks, businesses and

• rganisations

Donations: From individuals, businesses and organisations with links to the village and the area Fundraising: Running community events e.g. coffee mornings, sponsored walks. Crowdfunding: Raising small amounts of money from a large number of people

Cos Costs

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Costs Acquisition cost

470000 Stamp duty 13000

Legal fees

2000

misc project costs

3000

refurbishment

87000

contingency (30%)

26000

working capital**

36000

total project cost

637000

Funding Sources

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Funding sources pledged

• utstanding

Grants 200000 200000 Shareholding 120000 10000 110000 Donations 117000 * 20000 97000 Loans private 160000 130000 30000 Bank loan 40000 40000

Loan Repayments

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Loan repayments source rate amount annuity duration bank 6% 40000 5328 10 yrs private loans 3% 160000 18534 10 yrs shareholder returns 3% 120000 3600 indef Total debt servicing charge 27462

Timeline

30 Milestone/Task Date Project launch 18 January Shares Offer Early February Work up refurbishments February and March Select tenant February and March Obtain planning permission February to April Decision to proceed Mid March Exchange contracts 31 March Public meeting 2 5 April Completion of purchase 30 April Refurbishment April to July Public meeting 3 17 May Volunteers and activities development June to August Public meeting 4 26 July Grand opening August

Next Steps

Grant funders/lenders/donors Launch shareholder scheme Create a ‘work force’ who will help us transform the Blue Bell and its garden Please fill in contact forms so we can keep you up to date or visit our website Next meeting 5th April

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Th Than ank you – An Any que questi tions? ns?

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Courtesy of the Midhurst and Petworth Observer

Our Vis isio ion

Our aim is to make The Blue Bell the Hub of the Community, a pub providing facilities and services that bring the community and those around us together. A warm and welcoming venue for Cocking and its surrounding villages. The Community Benefit Society (CBS) proposes to raise funds to acquire, carry out initial works and provide the start-up working capital to create the Hub. The Blue Bell Community Hub – the heart of the Community at the heart of the South Downs National Park.

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