making community buildings work for us – finance debbie lamb locality
TRANSCRIPT
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Making Community Buildings
Work for Us –Finance
Debbie LambLocality
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Locality
We believe that every community is a place of possibility.
Locality - merger of bassac and the Development Trusts Association
Nationwide network of settlements, development trusts, social action centres and community enterprises
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Locality membership• Over 560 members across the UK
• They reach over a quarter of the UK population
• A combined income of £400m
• Of which £200m is earned income
• £565 million community owned assets (DTA alone)
• 6,900 staff and 21,000 volunteers
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Workshop Outline
• Managing Finance• Business Planning
• Asset transfer and development• Capital projects
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Your Organisation
• Who manages a community building?• Those managing a community
building– Paid staff– Volunteers
• Your issues about finance ……..
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Costs of running a building
• Staffing• Insurance• Phone and IT• Utilities• Marketing• Security• Admin
• Repairs• Maintenance• Sinking Fund• Cleaning • Professional fees• Rates• Loan repayments
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Earning income
• Who uses your building?• What do they pay?• Other options to earn income?
• Does income exceed expenditure?
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Options
• Room rental• Membership fees• Grants• Long-term rental• Anchor tenants• Conferences• Cafes
• Manufacture• Training• Contracts• Services• Retail• Agriculture• Housing
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Earning Income
• Not all business ideas make money• Key considerations:
– Market – who are your customers?– What will they pay?– Does that exceed the cost?– How will you sell your service/product?– Who are your competitors?
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Keeping the Books
• Budget• Accounting for income and
expenditure• Keeping the Board up to date
– current figures
• Dealing with problems• Early warning guide
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Sample Questions
• Phone calls chasing unpaid bills:– Daily, weekly, not often
• Understanding of financial figures:– Never, when explained, always
• Income at risk in next 12 months– Under 10%, 10%-50%, more than 50%
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Business Plan• Summary• Organisation• Activities• Market• Promotion• Finance• Risk Assessment
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Asset Ownership
• Freehold or Long Lease• Asset transfer
– Definition– Opportunity?– Threat?
• Is it for your organisation?
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Glendale Gateway Trust
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Glendale Gateway Trust
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Glendale Gateway Trust
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Asset Ownership
• Skills within Board and staff• Strong business plan
– Finance• Risk Assessment• Clarity about outputs and outcomes• Relationship building• Realistic expectations
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Resources
To Have and to Hold – practical toolkit
Places for Everyone – North East info
Asset Transfer Unit – guides and case studies
Early Warning Guide – coming soon
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Locality ’11: Communities ambitious
for change1st & 2nd November 2011 – the Palace Hotel, Manchester
Locality’s very first national convention will be the biggest event of its kind in
the country
– see locality.org.uk to find out more.
Locality ’11 is the place to find out about the latest community sector issues, network with like-minded colleagues, listen to key speakers, join the debate, and learn more about Locality’s work in asset transfer, enterprise and social action.
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web: www.locality.org.uk email: [email protected]
tel: 0845 458 8336 Locality, 33 Corsham Street, London NI 6DR
Debbie Lamb 01207 588534