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Social enterprise the changing landscape

Social enterprise the changing landscape. John Maddocks. A definition ….

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Social enterprise the changing landscape

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  1. Social enterprisethe changing landscape John Maddocks

  2. A definition … ‘… a business with primarily social objectives whose surpluses are principally reinvested for that purpose in the business or in the community, rather than being driven by the need to maximise profit for shareholders and owners’ Social enterprise: a strategy for success DTI 2002

  3. A social enterprise … Undertakes trading activities (> 50% income) Has a social purpose Profits are reinvested in social purpose (> 50%) = social enterprise as per DTI 2002 report Independent Asset lock Accountable for social goals = social enterprise mark Participatory structure? = participatory social enterprise

  4. Main types … some overlap … Charity Mutual CIC … but CIC and charity do not overlap

  5. Underlying legal structures • Company limited by shares • Company limited by guarantee • Industrial & Provident Society- for benefit of community • Industrial & Provident Society- bona fide co-op • Charitable incorporated organisation (May 2012)? • Limited liability partnership

  6. Options for new social enterprises *Now relatively uncommon for charities

  7. Differences in … • Ownership • Control • Participation • Purpose • Regulation • Accounting • Accountability • Financing options • Some areas of taxation • Options for conversion

  8. Initiatives supporting growth

  9. Initiatives supporting growth • Open public services agenda • Community right to bid • Community right to challenge • Public services spin offs • Asset transfers • Academies and free schools • Review of co-operative law • Developments in social financing • Community budgets

  10. Community budgets Councils team up with all public services in their patch to combine resources into a single locally coordinated 'pool and save' pot Four pilots: • Cheshire West and Chester • Greater Manchester • West London • Essex

  11. SIB - Peterborough example Payments based on % reduced offending Ministry of Justice Social investors £5m over 6 years Social impact partnership Reduction in re-convictions Funding for programme ‘One Service’ St Giles Trust Ormiston Trust YMCA & SOVA Others as required 3,000 prisoners under 12 months sentence

  12. Social enterprise examples

  13. Charity Iceni Partnership • Charity (company limited by guarantee) • Manages: • community centre • assembly rooms • business units • > £100,000 income • Mostly earned income • Strong volunteer involvement

  14. Charity Jesmond Community Leisure • Charity (Company limited by guarantee) • Runs swimming pool in Newcastle • > £500,000 income • Nearly all earned income

  15. Salford CommunityLeisure Ltd IPS for benefit of the community (mutual & charity) Sport, leisure, heritage and library services Established 2003 Manages 50 premises Members are users, its staff and local residents Staff trained in ‘co-op values’ Charity Mutual

  16. Cheviot Care Company limited by guarantee Employee owned co-operative Provides home care services Previously worked for Northumberland Council 4 workers Mutual

  17. Mutual North WestHousing Services • IPS bona fide co-operative • A secondary co-operative • Provides professional services to: • housing co-operatives • housing associations • leaseholders • social enterprises • Over 40 member organisations

  18. Mutual CIC Isle of Sky Ferry • The last manually-operated turntable ferry • Owner retired • Residents created the Isle of Skye Ferry Community Interest Company • Bought ferry with grants from Big Lottery and Highlands and Islands Enterprise • £120,000 income • 5 staff

  19. CIC Wellbeing project • CIC (company limited by shares) • community based activities aimed at improving mental wellbeing • run self help groups, training sessions, educational programmes, and hobby and interest groups • £140,000 income

  20. So … what does this mean for you? • What social enterprises will you work with? • Do you have a checklist or criteria you apply when deciding? • What services or products do you offer social enterprises? • Are there any new services or products you could develop? • Are there opportunities for you to partner with others to provide support?

  21. Social enterprise checklist

  22. What is a social enterprise? • Types of social enterprise • Legal structures part 1 • Legal structures part 2 • Financing • Charity trading • Tax and social enterprise • Governance • Tupe • Considering options john.maddocks@cipfa.org.uk

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