What is BID Camborne? Not for profit company working on behalf of - PowerPoint PPT Presentation

BID Camborne Year 4 – ended 30 th April 2016 Report of the Directors and the Accounts for Year 4 Mel Martin – BID Camborne Manager AGM – 20th September 2016

What is BID Camborne? • Not for profit company working on behalf of the businesses of Camborne • Voted in March 2012 - Yes vote was 67.9% of voters & 79.58 % of rateable value • One part-time manager (25 hours per week) • 15 Directors places - all volunteers – estimate around 700 hours of volunteer time per year working on behalf of BID Camborne . • Currently over 250 BIDs in UK & Ireland & increasing

3 Themes for the Projects Theme 1 – Environment & Promotion - The main theme Theme 2 - Cost Savings - Information on company website Theme 3 – Best For Business Creating new website & social media, lobbying & promoting training opportunities We maximise success by working together.

Year 4 Accounts BID CAMBORNE 1 st May 2015 – 30 th April 2016 Company number 7900674

The Statutory Accounts Profit & Loss Account 1 st May 2015 – 30 th April 2016 £ Turnover 119,543 Cost of sales (128,851) Gross Profit (9,308) Administrative expenses (35,728) Operating Loss (45,036) Interest receivable 367 ____________ Loss on ordinary activities before taxation (44,669) Tax on profit on ordinary activities (73) Loss for the financial year (44,742) Note: BID Camborne is a ‘Not for profit’ company. The ‘Loss’ is covered by Year 1 reserves i.e. spending year 1 underspend . The tax paid is Corporation Tax eligible on the interest receivable.

The Statutory Accounts Balance Sheet 30 th April 2016 £ £ Fixed assets Tangible assets 199 Current assets Debtors 1,601 Cash at bank & at hand 4,580 6,181 Creditors (within 1 year) (1,321) Net current assets 4,860 Net assets 5,059 Reserves Profit and loss account 5,059 Total Reserves 5,059

NON Statutory Accounts Income Year 4 to 30 th April 2016 Budget £ Actual £ BID Levy 108,225 117,263 Grants (Additional contributions) 2,000 2,000 Other contributions 0 280 Interest 1,182 367 Total income 111,407 119,910 Notes: Income is £8,503 over budget target. Grants & Other contributions includes Camborne Town Council £2,000 grant towards Christmas in Camborne 2015. The balance is voluntary contributions. Interest target is 1% of income. This is difficult to achieve currently.

NON Statutory Accounts Project expenditure to 30 th April 2016 Budget £ Actual £ Theme 1: Environment & Promotion (50%) (57%) Environmental Improvements 26,000 44,587 Safety 6,000 0 Access 11,000 4,536 Events 7,000 12,399 Promotion 9,703 32,822 Total 59,703 94,344 Theme 2: Cost Savings (10%) (0.8%) Waste Not Want Not 5,940 0 Cutting Overheads 3,000 1,250 Total 11,940 1,250 Theme 3: Best For Business (20%) (19%) Workshops 6,883 0 Business Advertising (website) 12,000 24,863 Social media accounts 5,000 6,011 Total 23,883 30,874 Renewal – Camborne Can do More 0 2,383 Note: Management time has not been included in these project figures .

NON Statutory Accounts BID Delivery & running costs Budget £ Actual £ BID Management 18,641 20,371 (Target is 20%) BID Overheads & admin 5,240 15,357 (Target is 10%) Total 23,881 35,728 Notes: Part-time BID Camborne Manager working 25 hours per week. Budget was based on 20 hours per week. 25% of management time spent on projects - (£5,093) and 75% on managing the company (£15,278). (9% achieved). Overheads- biggest single increase is levy collection charge from Cornwall Council, now £5,400, was £750 in Year 2. £2,263 of bad debt was also written off this year. (9% achieved). All Directors volunteer their time and are not paid.

Theme 1: Environment & Promotion Environmental Improvements: £44,587 in Total Adding colour and vibrancy to the streetscape Christmas Lights & attractions The Christmas Tree e.g. Santa’s Bench

Theme 1: Environment & Promotion Environmental Improvements: Adding colour and vibrancy to the streetscape Spring Bunting Summer Bunting

Theme 1: Environment & Promotion Environmental Improvements: Adding colour and vibrancy to the streetscape Cross Street Flags Over the Street Banners

Theme 1: Environment & Promotion Environmental Improvements: Vacant Premises Displays Trelowarren Street Commercial Street

Theme 1: Environment & Promotion Environmental Improvements: Clean up Other Work includes BID monitoring Graffiti Removal standards in town and reporting issues – Businesses should do this too…..

Theme 1: Environmental and Promotion Safety - £0 • Working with Safer Cornwall • Keeping our Town Centre and Commercial Square on the agenda. • No project money spent on this area this year, but Management and Director time committed

Theme 1: Environment & Promotion Access - £4,536 Design & Installation of Free Parking for Town Welcome Maps X 5 Christmas in Rosewarne

Theme 1: Environment and Promotion Events – supporting existing & developing new (to drive footfall) £12,399 Christmas Lights Switch Day – Events & activities supported Estimate 5,000 people attended • Trevithick Day • Produce Market – now every Friday • Music Festival (November) New Events (with partners) • Man Engine for Camborne – BID paid to bring him to Camborne

Theme 1: Environment & Promotion Promotion - £32,822 Christmas in Camborne Edition 4 of the Town 2015 Guide Guide – 56,000 copies

Theme 1: Environment & Promotion Promotion Month West Briton Page Promoting Christmas in Camborne other PR work & POS • Pirate Radio Advert Campaign to promote free parking offer and supporting local businesses Nov & December • West Briton Adverts • BlackBird Pie Magazine Adverts • Press releases and radio interviews

Theme 1: Environment and Promotion Promotion • Funding Rosewarne Toilet block to remain fully open from September 2015 – March 2016 whist campaigning to keep the toilet block open past this date. • This was not successful

Theme 1: Environment and Promotion The Marketing Plan for Levy Payers – Fortnightly email – get on the email list – Quarterly newsletter (hardcopy) – Website – www.cambornecando.co.uk – Welcome pack for new businesses – BID Camborne Director (x15) – make the decisions (board meetings & Working Groups)

Theme 1: Environment and Promotion The Marketing Plan for your businesses – Town guide – Facebook, Twitter, Instagram, You Tube – PR – generating positive stories for the local media about your businesses – Website – www.cambornetown.com – launched in July 2015

Theme 3: Best For Business Social Media for the town Facebook, twitter, Instagram & You Tube

Theme 3: Best For Business New Website – cambornetown.com Work on www.cambornetown.com continues. The site is currently attracting 500 new visitors per week.

Finally….. “It’s your business, your town, your money, ……..so your investment in Camborne….” Time for Questions……..