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1 BUILDING ON BRADFORD TRIDENT DAVID MOSLEY EXECUTIVE OFFICER – ASSETS & FINANCE 4 DECEMBER 2008 www.bradfordtrident.co.uk.

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Presentation on theme: "1 BUILDING ON BRADFORD TRIDENT DAVID MOSLEY EXECUTIVE OFFICER – ASSETS & FINANCE 4 DECEMBER 2008 www.bradfordtrident.co.uk."— Presentation transcript:

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2 1 BUILDING ON BRADFORD TRIDENT DAVID MOSLEY EXECUTIVE OFFICER – ASSETS & FINANCE 4 DECEMBER 2008

3 2 HISTORY LEVERAGE STRATEGY DEVELOPED – Nov 1999 DELIVERY PLAN ASSET STRATEGY DEVELOPED – APRIL 2000 COMPANY LIMITED BY GUARANTEE – November 2000 REGISTERED CHARITY – January 2005 BRADFORD TRIDENT TRADING LTD – January 2005

4 3 REASONS FOR SUCCESS STABLE STAFF TEAM (10 YEAR CONTRACTS) DYNAMIC BOARD CHAIR – SINCE SHADOW BOARD STRONG BOARD – TRUST/CONFIDENCE STRONG RELATIONSHIPS: BRADFORD COUNCIL GOYH LEVERAGED FUNDING ESTABLISHED TRIDENT BRAND USED PROFESSIONAL ADVISORS

5 4 WHERE ARE WE NOW? ASSETS WOODROYD CENTRE £680KERDF - £3.963MNDC - TOTAL £5.443M £800K SURESTART - £250K ANNUAL RENT £4.25M BALANCE SHEET 31/03/08

6 5 ASSETS MAYFIELD CENTRE £50K ERDF - TOTAL £2.04M NDC - £2,090,000 £0 ANNUAL RENT £825K BALANCE SHEET

7 6 ASSETS PARK LANE CENTRE £1.05M ERDF-TOTAL £890K NDC-£1.94M £0 RENT £2.175M BALANCE SHEET

8 7 CREDIT CRUNCH IMPACT ON LAND DEALS PENDING PAKISTAN CONSULATE£400K MIXED USE SITE£350K 6 ACRE SITE £6M£2.5M (38 storey apartments, MARCH 2007 hotel, retail) £3.25M BUT WHEN?!

9 8 NDC PARTNERSHIP STRUCTURE NOW COMMUNITY 12* MEMBERS3 POLICE 1 HEALTH1 RSL1 FAITH2 VOL SEC1 LSC1 BUSINESS3 SCHOOL YOUTH CO-OPTEES ______ 25 * Elected by postal ballot POST COMMUNITY COUNCIL 6+6 ALTERNATES ____ 19

10 9 BRADFORD TRIDENT TRADING LTD STRUCTURE INDEPENDENTS - 6 BT NOMINEES - 5 PURPOSE UNDERTAKE NON CHARITABLE DEALS CHANNEL FOR CONSULTANCY INCOME GIFT AID SURPLUS TO CHARITY

11 10 STAFF TEAM 01/04/08 (PROJECTED) 01/04/10 EXECS2 1 MANAGERS5 1 FINANCE/ADMIN2 2 WARDENS 5 4 HEALTH*2 2* EXT SCHOOLS*2 REDUNDANCY COSTS 2* PENSION LIABILITIES * EXTERNALLY FINANCED TUPE

12 11 FINANCIAL MODEL (NDC) TOTAL ASSET BASE 31/03/08 £9.382M RENTAL INCOME £350K INVESTMENT INCOME (LEGACY) £600K6.0% £450K4.5% £300K3.0% MANAGEMENT/CONSULTANCY FEES £50K

13 12 DIRECTION OF TRAVEL FUTURE FINANCIAL MODEL POST NDC RENTAL INCOME OF £350K (depends on voids & empty buildings business rates) INVESTMENT INCOME OF £200K MANAGEMENT FEES/CONSULTANCY £50K (dependent on external funding bids) PROJECTED INCOME _____________ £600K CHARITY/BTT RUNNING COSTS £50K STAFF COSTS £260K PROJECT SPEND £250K PROJECTED EXPENDITURE ________ £560K NET SURPLUS £40K

14 13 POST NDC PROJECT ANNUAL SPEND PRIVATE SECTOR HOUSING £150K (1 STREET) JOBS & BUSINESS £20K CRIME £20K YOUTH & EDUCATION £20K HEALTH £20K ENVIRONMENT £20K £250K

15 14 FIT WITH LAA/LOCAL PRIORITIES KEY STRATEGIC DELIVERY PARTNERS STILL ON BOARD CONTINUE COMMUNITY EMPOWERMENT (COMMUNITY COUNCIL) CONTRIBUTE TO SUSTAINABLE COMMUNITIES PLAN

16 15 BEST WISHES TO YOU ALL CLG – NDC SUCCESSION IS DO-ABLE BUT START NOW! VITAL TO WORK CLOSELY WITH ACCOUNTABLE BODY BT STARTED TEST OF OCCUPATIONAL FITNESS & WORKING WITH INTERNAL AUDIT IN JUNE 2005


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