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

BID Camborne Year 4 –

ended 30th 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 1st May 2015 – 30th April 2016

Company number 7900674

The Statutory Accounts Profit & Loss Account

1st May 2015 – 30th 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 30th 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 30th April 2016

Budget £ Actual £ BID Levy 108,225 117,263 Grants (Additional contributions) 2,000 2,000 Other contributions 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 30th April 2016

Budget £ Actual £ Theme 1: Environment & Promotion (50%) (57%) Environmental Improvements 26,000 44,587 Safety 6,000 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 Cutting Overheads 3,000 1,250 Total 11,940 1,250 Theme 3: Best For Business (20%) (19%) Workshops 6,883 Business Advertising (website) 12,000 24,863 Social media accounts 5,000 6,011 Total 23,883 30,874 Renewal – Camborne Can do More 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

• f 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 e.g. Santa’s Bench The Christmas Tree

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

Commercial Street

Trelowarren Street

Theme 1: Environment & Promotion

Environmental Improvements:

Clean up

Graffiti Removal

Other Work includes BID monitoring

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
• n this area this year,

but Management and Director time committed

Theme 1: Environment & Promotion

Access - £4,536

Free Parking for Christmas in Rosewarne Design & Installation of Town Welcome Maps X 5

Theme 1: Environment and Promotion

Events –supporting existing & developing new

(to drive footfall) £12,399

Christmas Lights Switch Day – Estimate 5,000 people attended

Events & activities supported

• 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

Edition 4 of the Town Guide – 56,000 copies Christmas in Camborne 2015 Guide

Theme 1: Environment & Promotion

Promotion

Month West Briton Page

• ther PR work & POS

Promoting Christmas in Camborne

• 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……..