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BUILDING ONBRADFORD TRIDENT

DAVID MOSLEY

EXECUTIVE OFFICER – ASSETS & FINANCE

4 DECEMBER 2008

www.bradfordtrident.co.uk

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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

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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

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WHERE ARE WE NOW?ASSETS

WOODROYD CENTRE

£680K ERDF -

£3.963M NDC - TOTAL £5.443M

£800K SURESTART -

£250K ANNUAL RENT

£4.25M BALANCE SHEET

31/03/08

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ASSETS

MAYFIELD CENTRE

£50K ERDF - TOTAL

£2.04M NDC - £2,090,000

£0 ANNUAL RENT

£825K BALANCE SHEET

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ASSETS

PARK LANE CENTRE

£1.05M ERDF - TOTAL

£890K NDC - £1.94M

£0 RENT

£2.175M BALANCE SHEET

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CREDIT CRUNCH IMPACTON 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?!

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NDC PARTNERSHIP STRUCTURE

NOWCOMMUNITY 12*MEMBERS 3POLICE 1HEALTH 1RSL 1FAITH 2VOL SEC 1LSC 1BUSINESS 3SCHOOLYOUTHCO-OPTEES ______

25* Elected by postal ballot

POST COMMUNITY COUNCIL6+6 ALTERNATES

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1

1

1

2

0

2

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2____19

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BRADFORD TRIDENT TRADING LTDSTRUCTURE

INDEPENDENTS - 6 BT NOMINEES - 5

PURPOSE UNDERTAKE NON CHARITABLE DEALS CHANNEL FOR CONSULTANCY INCOME GIFT AID SURPLUS TO CHARITY

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STAFF TEAM

01/04/08 (PROJECTED) 01/04/10 EXECS 2 1MANAGERS 5 1FINANCE/ADMIN 2 2WARDENS 5 4HEALTH* 2 2*EXT SCHOOLS* 2 REDUNDANCY COSTS 2*

PENSION LIABILITIES* EXTERNALLY FINANCED TUPE

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FINANCIAL MODEL (NDC)

TOTAL ASSET BASE 31/03/08£9.382M

RENTAL INCOME

£350KINVESTMENT INCOME (LEGACY)£600K 6.0%£450K 4.5%£300K 3.0%MANAGEMENT/CONSULTANCY FEES£50K

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DIRECTION OF TRAVELFUTURE FINANCIAL MODEL

POST NDC

RENTAL INCOME OF £350K (depends on voids & empty buildings business rates)

INVESTMENT INCOME OF £200KMANAGEMENT FEES/CONSULTANCY £50K (dependent on

external funding bids)PROJECTED INCOME _____________ £600K

CHARITY/BTT RUNNING COSTS £50KSTAFF COSTS £260KPROJECT SPEND £250KPROJECTED EXPENDITURE ________ £560K

NET SURPLUS £40K

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POST NDC PROJECT ANNUAL SPEND

PRIVATE SECTOR HOUSING £150K (1 STREET)

JOBS & BUSINESS £20K

CRIME £20K

YOUTH & EDUCATION £20K

HEALTH £20K

ENVIRONMENT £20K

£250K

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FIT WITH LAA/LOCAL PRIORITIES

KEY STRATEGIC DELIVERY PARTNERS STILL ON BOARD

CONTINUE COMMUNITY EMPOWERMENT (COMMUNITY COUNCIL)

CONTRIBUTE TO SUSTAINABLE COMMUNITIES PLAN

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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