© Bishop’s Stortford Town Council Appendix 2: Markets Initial Briefing

Summary ExpenditureCostIncomeAmount Capital CostsStalls£1,776 1 Fees & Charges£66,450 Signage£1,000 2 Licence Fees£0 4 Running CostsElectricity£570 StaffingSalary£18,750 3 LogisticsStreet Cleaning£2,560 Refuse Clearance£11,950 InsuranceMisc & Third Party£330 OtherAdvertising£2,570 Subscriptions£670 NNDR£9,390 Other£100 Total Expenditure£49,666Total Income£66,450Net£16,784 © Bishop’s Stortford Town Council Market could be profitable under BSTC management based on current utilisation Recommendation: Invoke Community right to Challenge Notes 1: Based on the EHDC Purchase & Maintenance figure of £1,750, or just under 12 new stalls (at £148) a year (24 for every two years). As Saturday showed 28 pitches used, but only 10 specific stalls, 24 stalls every 2 years is a reasonable estimate. 2: EHDC has a capital charge of £16,830 that is unexplained and not included. 3: Based on BSTC estimate. 4: EHDC takes a profit on Licence Fees (£11,800) that they would probably insist on retaining.

Background Detail © Bishop’s Stortford Town Council

Sources East Herts District Council budgetary information taken from the ‘Divisional Budgets’ booklet, based on the 2012/13 estimates. This only relates to B/S Market as this is one of the few pieces of the budget that are split into locations. East Herts District Council budgetary information taken from the ‘Divisional Budgets’ booklet, based on the 2012/13 estimates. This only relates to B/S Market as this is one of the few pieces of the budget that are split into locations. Stall rent charges taken from the EHDC website. Stall rent charges taken from the EHDC website. Stall purchase figures taken from stalls.co.uk, and Stall purchase figures taken from stalls.co.uk, and Market Distribution based on visual estimates. Market Distribution based on visual estimates. © Bishop’s Stortford Town Council

Capital Costs & Running Costs Capital Costs Purchase of Market Stalls and Covers varies depending on source: Purchase of Market Stalls and Covers varies depending on source: Low end = £101 Low end = £101 High end = £185 High end = £185 Average = £148 Average = £148 EHDC lists Purchase & Maintenance of Equipment as costing £1,750. At least part of this figure will include the above. EHDC lists Purchase & Maintenance of Equipment as costing £1,750. At least part of this figure will include the above. BSTC estimates a need to replace Stalls every two years. It is estimated that there are approximately 58 pitches per week (29 a day), but on Saturday there were only 10 specific stalls used along with 28 pitches. The £1,750 figure would mean the replacement of around 12 stalls a year in the EHDC budget. As such, 24 would not be an unreasonable estimate, and approximately the same cost of £1,776 a year could be used. BSTC estimates a need to replace Stalls every two years. It is estimated that there are approximately 58 pitches per week (29 a day), but on Saturday there were only 10 specific stalls used along with 28 pitches. The £1,750 figure would mean the replacement of around 12 stalls a year in the EHDC budget. As such, 24 would not be an unreasonable estimate, and approximately the same cost of £1,776 a year could be used. EHDC lists an unexplained capital charge of £16,830. EHDC lists an unexplained capital charge of £16,830. Likely to include signage, bins, Christmas lights and the like. Stortford would likely only need to purchase signage for £2,000 - £3,000. Depreciated over 3 years (£1,000 a year). Likely to include signage, bins, Christmas lights and the like. Stortford would likely only need to purchase signage for £2,000 - £3,000. Depreciated over 3 years (£1,000 a year). Running Costs EHDC lists electricity as costing £570. EHDC lists electricity as costing £570. This would remain the same. This would remain the same. © Bishop’s Stortford Town Council

Staffing Bishop’s Stortford Town Council estimates the salary of the Market Manager as costing £25,000 a year based on full time. Bishop’s Stortford Town Council estimates the salary of the Market Manager as costing £25,000 a year based on full time. As the Market Manager would only work 2 days a week, with normal hours being from 6am to 6pm, this figure changes to £15,000. Additionally £3,750 (25%) is added for other costs, totalling £18,750. As the Market Manager would only work 2 days a week, with normal hours being from 6am to 6pm, this figure changes to £15,000. Additionally £3,750 (25%) is added for other costs, totalling £18,750. EHDC lists salaries as costing £18,860. These figures are comparable. EHDC lists salaries as costing £18,860. These figures are comparable. TUPE may apply. TUPE may apply. © Bishop’s Stortford Town Council

Logistics & Insurance There are two third party contracts BSTC would need to take over in order to operate the Market: There are two third party contracts BSTC would need to take over in order to operate the Market: Street Cleaning = £2,560 Street Cleaning = £2,560 Refuse Clearance = £11,950 Refuse Clearance = £11,950 Regarding Insurance: Regarding Insurance: East Herts District Council pays £330 for Misc & Third Party Insurance (for B/S Market). This would remain the same. East Herts District Council pays £330 for Misc & Third Party Insurance (for B/S Market). This would remain the same. EHDC requires the trader to possess Public Liability Insurance. EHDC requires the trader to possess Public Liability Insurance. © Bishop’s Stortford Town Council

Other EHDC lists advertising as costing £2,570. EHDC lists advertising as costing £2,570. Advertising figure would depend on BSTC commitment to advertising. Advertising figure would depend on BSTC commitment to advertising. EHDC lists subscriptions as costing £670. EHDC lists subscriptions as costing £670. Unknown Subscriptions. Unknown Subscriptions. EHDC lists NNDR as costing £9,390. EHDC lists NNDR as costing £9,390. Non-Domestic Rates would remain the same. Non-Domestic Rates would remain the same. EHDC lists ‘other’ as costing £100. EHDC lists ‘other’ as costing £100. © Bishop’s Stortford Town Council

Income EHDC lists Fees & Charges as gaining £66,450. EHDC lists Fees & Charges as gaining £66,450. This appears a good estimate, as dividing by regular trader fee equates to an average pitches a week (standard size), a day. As seen on next slide, this is in line with real pitch numbers. This appears a good estimate, as dividing by regular trader fee equates to an average pitches a week (standard size), a day. As seen on next slide, this is in line with real pitch numbers. Stall Rent: Stall Rent: EHDC charges a regular trader £21.80 for a 7’*10’ Stall (2.10m*3.00m). EHDC charges a regular trader £21.80 for a 7’*10’ Stall (2.10m*3.00m). EHDC charges a casual trader £26 for the same dimensions. EHDC charges a casual trader £26 for the same dimensions. EHDC charges £1.20 for each additional 1’ 2 (0.09m 2 ). EHDC charges £1.20 for each additional 1’ 2 (0.09m 2 ). © Bishop’s Stortford Town Council

Market Distribution – Saturday (13 th April 2013) 10 different stalls. 10 different stalls. Took up an estimated 28 standard pitches (10’*7’). Took up an estimated 28 standard pitches (10’*7’). Every stall appeared to take up at least 2 pitches, with the most a single stall occupied being 4. Every stall appeared to take up at least 2 pitches, with the most a single stall occupied being 4. The number of pitches used is in line with estimated Market distribution (29.21 a day). The number of pitches used is in line with estimated Market distribution (29.21 a day). © Bishop’s Stortford Town Council LocationStall # of pitches (estimate)Produce Market Square13Flowers Pizza Hut12Cakes, meats, produce Pizza Hut12Clothes Boots12Socks, clothes Greggs13Pet supplies Cookshop14Flowers Waterstones12Bags Woollen Mill13Bread and delicatessen Dorothy Perkins13Batteries, light bulbs, etc. Weber14Fruit & veg Total1028