Mapping Social Enterprise in Dundee Rick Rijsdijk Director, Social Value Lab
Dec 27, 2015
Mapping Social Enterprise in Dundee
Rick RijsdijkDirector, Social Value Lab
Why Mapping Social Enterprise Gather robust and useful information about
the scope and scale of the sector
Provide evidence of importance of the sector
Baseline for measuring growth
Enable DSEN and DCC to support the Sector better
Our Method
Define Social Enterprise
Identify the Population
Survey
Financial Analysis
Reporting
Our Definition of Social EnterpriseSenscot Voluntary Code of Practice
Trading
Asset lock Non profit distribution Dissolution clauses
Aspire to financial independence
Independent from public sector
Scale of the sector
Scale of the sector
Scale of the sector
Public administration, education & health
29,700 jobs
Wholesale and retail 12,000 jobs
Financial services 8,300 jobs
Manufacturing 4,900 jobs
Tourism 4,300 jobs
Construction 3,300 jobs
ICT 2,600 jobs
Social Enterprise 2,520 jobs
Transport 1,800 jobs
2,040 volunteers
25,700 hrs per month
£1,95m economic value
Structure
Housing Associations
Housing Associations
Social FirmsSocial FirmsCo-operativesCo-operatives
Credit Unions
Credit Unions
Voluntary Organisation
s
Voluntary Organisation
s
Trading Charities
Trading Charities
Development Trusts
Development Trusts
Initial Population
74.8% Hold charitable status.
A common identity?
Is ‘social enterprise’ a term that your organisation uses to describe itself?
“YES”
“NO”
43% 57%
Geography
Geography
23.1%23.1% 40.5%40.5%
7.4%7.4%21.5%21.5%
7.4%7.4%
Trading
£228k Trading income generated by a ‘typical’ social enterprise
£43.9m Combined trading income social enterprise sector
Trading
MATURE46%
>50% income from trading
MATURE46%
>50% income from trading
ASPIRING17%
25-49% income from trading
ASPIRING17%
25-49% income from trading
START-UP37%
<25% income from trading
START-UP37%
<25% income from trading
Trading - Contracts
Financial strength: Profitability
Profitability RatioThe percentage of profit for each £1 income after taking account for all expenditure
Formula: Net Surplus / Total Income
Profitability RatioThe percentage of profit for each £1 income after taking account for all expenditure
Formula: Net Surplus / Total Income
2.8%2.8%
Financial strength: Liquidity
Current RatioIndicator of the ability to meet short-term obligations Formula: Current Assets / Current Liabilities
Current RatioIndicator of the ability to meet short-term obligations Formula: Current Assets / Current Liabilities
3.473.47
Financial strength: Balance Sheet
Fixed Assets
-
Current Liabilities
=Net Assets
£105m
£263m £24m
Current Assets
Long Term Liabilities
£42m £176m
Financial strength: Self-sufficiency
Self-sufficient RatioIndicator of how able the sector is to cover its cost through earned income.
Formula: Earned Income / Total Expenditure
Self-sufficient RatioIndicator of how able the sector is to cover its cost through earned income.
Formula: Earned Income / Total Expenditure
67.3%
67.3%
Grant Reliance RatioIndicator of the reliance on grant funding.
Formula: Grants / Total Income
Grant Reliance RatioIndicator of the reliance on grant funding.
Formula: Grants / Total Income
28.4%
28.4%
Financial strength: Sustainability
Survival RatioIndicator of how long social enterprises could survive with no income.
Formula: Total Unrestricted Reserves / Total Income
Survival RatioIndicator of how long social enterprises could survive with no income.
Formula: Total Unrestricted Reserves / Total Income
14 wks.14 wks.
Looking Forward
How has as the economic climate over the last 12 months affected your organisation's financial health?
Barriers to growth
THANK YOU!
Rick RijsdijkDirector, Social Value Lab
W: www.socialvaluelab.org.uk
T: 0044 141 352 7419