Some thoughts
Additional Thoughts
- Additional fund raising
- Disabled access grants / funding.
- Lowered benches for wheel chair access.
- Supermarkets
- Waitrose local charity green token thing.
- Asda
- Sainsburys
- Rotary - They have a specific technology group in Hitchin
- Lions?
- Land Fill Operators
- Banks have charitable working parties
- Google Funding for STEM
- Disabled access grants / funding.
Rates
Postcode for Bancroft =
Hitchin Hackspace 67 Bancroft HITCHIN SG5 1NJ
Rateable Value of the property – usually based around rental value if on open market (NHDC say £7500) http://www.2010.voa.gov.uk/rli/en/basic/find/assessment-history/2010/9396268000
Rates cost = rateable value x multiplier (set by Govt, currently 48.4p for small business)
Estimate of full rates = £7500 x .48 =£3600
Options –
Small business relief:
Tapers for business with a rateable value between £6k and £12k. Can get up to 50% relief until March 17. After March 2017 threshold for 100% SBBR rises to a rateable value of £12k.
75% relief on the £7500 rateable value would result in rates payable of £907.50 (48.5p multiplier), however, this rate would only apply for ~6 months (Oct-16 'til Mar-17) after which rates on the toilet block will reduce to £0.
Discretionary rate relief:
Discretionary rate relief is also possible, likely to be similar to the charity rate of 80%
80% relief results in rates payable of £726
Discretionary Relief (from North Herts website) http://www.north-herts.gov.uk/home/business/business-rates/mandatory-and-discretionary-rate-relief
This relief can be applied to both occupied and unoccupied liabilities. In order for discretionary relief to be applied, any of the following conditions must be satisfied:
- The ratepayer is a charity or trustees for a charity and the property is wholly or mainly used for charitable purposes.
- The property is occupied by organisations which are not established or conducted for profit and whose main objects are charitable or are otherwise philanthropic or religious or concerned with education, social welfare, science, literature or the fine arts; or
- It is wholly or mainly used for recreation, and all or part of it is occupied by a club, society or other organisation not established or conducted for profit.
Further information
List of business rates paid in North Herts: http://www.north-herts.gov.uk/home/council-performance-and-data/data-protection-and-freedom-information/freedom-information-3
Company Set up
Through companies house using wizard or professional service (accountant)
http://www.gov.uk/running-a-limited-company
To consider:
- Who are the members / shareholders going to be. These have ultimate responsibility for the company. Need at least 2
- Limited by Guarantee need Trustees (aka members - generic term for Shareholders/trustees) who can be directors but are who directors report to at AGM
- Who will the Directors be? They will have responsibility for day to day running and compliance with Companies Act requirements.
- What will the objects of the company be? Should incorporate not for profit, community, STEM, education, accessibility, target groups etc.
- Get STEM included in our "Objects of Association" As this will improve changes of getting rate relief
Sources of funding info
http://www.fundingcentral.org.uk/newsview.aspx?SH=&WCU=DSCODE=OTSSCMLIVE,NEWSITEMID=248-N57757
OK, I'll have to type and walk, so this may be slow...
[14/02/2016, 15:56] Mark Mellors (markmellors@gmail.com): Rateable value is ~£8000
[14/02/2016, 15:56] Mark Mellors (markmellors@gmail.com): Sorry I haven't updated the wiki
[14/02/2016, 15:56] Mark Mellors (markmellors@gmail.com): Afaik, small businesses rates relief gives you 100-0% off, sliding scale between £6k and £12k
[14/02/2016, 15:57] Mark Mellors (markmellors@gmail.com): So were assuming £1800 rates
[14/02/2016, 15:57] Mark Mellors (markmellors@gmail.com): Then asking for discretionary relief of 80% off that
[14/02/2016, 15:58] Mark Mellors (markmellors@gmail.com): I'll respond to Judi this evening about the Ltd,CIC,charity,noise comments
[14/02/2016, 15:59] Mark Mellors (markmellors@gmail.com): Anything else?