PROJECTS & �CORE ACTIVITY�

The highlight of this year by far has been the successful delivery of an ESF-supported project that saw tailored support being given to 165 individuals and 22 enterprises over a 5 � month period throughout the county. This activity was made possible by the City Council�s continuing support to the agency in the form of an economic policy award that was used to �draw down� the ESF monies needed for this work.

Other project work this year has included undertaking an initial feasibility study for the establishing of a dedicated �incubator� to support new co-operative and social enterprises. This has been supported by EEDA � the Government�s Regional Development Agency.

The agency also conducted research into training issues for local co-ops and other forms of social enterprise to a detail never before done by any agency in the country � we not only looked at training needs, but also included what systems enterprises used to determine how they evaluated training needs and how they met them; this information was then �benchmarked against the voluntary and mainstream businesses sector locally, regionally and nationally which showed that co-op and social enterprises have similar needs to other types of enterprise.

This year also saw funding being secured through the Co-operative Group�s Community Dividend Award to subsidise members of local co-ops to attend a national co-op conference.

PARTNERSHIPS

The agency became involved with a regional initiative called SSEER (Supporting Social Enterprise in the Eastern Region) � a European funded project to develop practical support for all social enterprises throughout the region; and began to officially represent Cambridgeshire through participation on its board of management.

CCDA also become involved with working with Social Firms Eastern Region � the regional �arm� of Social Firms UK, in supporting its delivery of a project to offer technical support to existing and emerging social firms throughout the region.

Staff from CCDA also began a secondment to the East of England Mutual and Co-operative Council (EEMCC) to support it with recruiting staff and in developing its business plans in order to secure core funding from EEDA.

The report from the DTI in the summer also led to CCDA developing a close partnership with Business Link for Cambridgeshire in working to support them deliver their new responsibility to social enterprise.

ADMINISTRATION & STAFFING

This year saw Tim Cumin leave the agency to pursue other interests and to be closer to his family in Wales; joining as his �successor� was Adrian Ashton. Other staff to also join CCDA this year was Helen Mcrobie (who also left in the same year); Tom Davies and Sue Roberts.

This marks an exciting moment, as it is the first time in several years that the agency has been able to support the employment of 3 people.

Funding was secured by CCDA through the Co-operative Group�s Community Dividend Award to publish its directory of local co-operative and social enterprises and a supply of general information leaflets about itself.

CCDA also become an �agent� of the phone co-op: acting to �sign-up� new customers to the only co-operative telecomms provider in the UK and in turn receiving payment � currently small, but it is hoped that this will develop over the coming years to provide the agency with a core income stream.

THE LOAN FUND

The CCDA�s loan fund was active again this year with over �5,000 of loans being made to a variety of groups, including 4 new co-ops for their incorporation fees. Funding was also secured from EEDA to formally develop the fund.

Also, through our loan fund, we were contacted by the Bank of England who were researching financing issues for social enterprises.

THE FUTURE

The coming year holds times of great activity for CCDA:

Through it�s continuing involvement with SSEER, it hopes to draw in funding to support its annual Trade Fairs for local co-ops and social firms as well as influence the development of new support structures for local enterprise

Through its secondments to the EEMCC, it hopes to be able to develop new income streams for core and project funding

Through emerging partnership with Business Link for Cambridgeshire, it hopes to begin to develop new and exciting projects for local co-ops.

Finally, with so much activity going on to support social enterprises in all their forms (including co-operatives and social firms), the CCDA will doubtless continue to play a pivotal role in supporting new co-ops, raising the profile of the sector and deliver activities to further enhance those co-ops already trading.

NOTES TO ACCOUNTS

As can be seen, CCDA�s net value increased on the previous year, largely due to purchases made for project activities and from an increase in its cash reserves. This increase in surplus was achieved through the winning of several small contracts, the activities of which were in-line with the Agency�s objectives, and which where undertaken at a commercial rate.

CCDA also broadened its number and diversity of income sources � this was done in order to capitalise on opportunities as they arose for the Agency to further deliver on its objectives, but also to further strengthen its position, so as not to become overly dependant upon a single, or small number, of income streams.

There was also an increase in the number of loans made by the Agency, as can be seen through the increase in it�s Debtors falling due within 5 years � this is a positive sign as it shows that CCDA is increasing the use of its small development loans fund to the benefit of local co-operative and social enterprises.

CAMBRIDGE CDA ACCOUNTS 2002/3

Cambridge CDA Ltd: Balance Sheet as at 31^st March 2003



	Note	2002-3		2001-2
		�	�	�	�

Fixed Assets
Tangible Assets	1		1100		712


Current Assets
Debtors	2	11,220		1,700
Cash at bank and in hand		32,682		17,576
		43,902		19,276

Creditors
Amounts falling due within	3	(14078)		(2808)
one year

Net Current Assets			29,824		16,468

Total Assets Less Current			30924		17180
Liabilities

Provisions for liabilities	4		9985
and charges
			20939		17180


Capital and Reserves
Income and Expenditure			20939		17180
Members' Funds	5		20939		17180

Cambridge CDA Ltd:
Trading & Profit & Loss Account for the year ending 31st March 2003

	2002-3		2001-2
	�	�	�	�
INCOME
CCC Core Funding		10000		6,623
ESF Funding - 2001		1270		10,533
- 2002		36000
Learning & Skills Council - L.I.F		7850
EEDA - Incubator Research		3336
- EEMCC		8875
-'Big Barn'		5134
Consulting & Secretarial fees		5993
Interest from Bank Accounts		273		303
Other		1474		4,183

Total Income:		80205		21642


EXPENDITURE
Project Purchases	6777		1,173
Salaries and Consulting Fees	33892		13,547
Tutor Costs	19490
Staff Training	1011		333
Rent	1635		1,140
Repairs and renewals	163
Insurance	267		290
Travelling and Subsistence	1095		90
Telephone	1320		1,000
Postage	430		177
Printing and Stationary	2764		398
Advertising and publicity	4913		370
Subscriptions and publications	385		92
Accountancy and Audit costs	500		350
Sundry Expenses	193		165
Bank Charges & Interest	132		53
Depreciation	1449		253
Corporation Tax	30		24

Total Expenditure:	76,446		19,455


Surplus for the year		3759		2187

Cambridge CDA Ltd:
Notes for the year ending 31st March 2003

1. Tangible Fixed Assets
		Office		Computer		Total
		Equip.		& machinery
Cost b/f		196.00		919		1,115.00
Additions		1088		749		1837
Cost c/f		1,284.00		1,668.00		2,952.00

Dep b/f		174.00		229		403.00
Dep in yr		385		1064		1449
Dep c/f		559.00		1,293.00		1,852.00


Net Book Value	2003	725.00		375.00		1,100.00
	2002	22.00		690.00		712.00



2. DEBTORS
			2003		2002
Due after more than one year
Loans repayable within 3 years			3800		1200

Due within one year			5994
Trade debtors			1426		500
Loans			11220		1700



3. CREDITORS
			2003		2002
Amounts falling due within 1 year
Trade creditors			9729
Other taxation and social security			3749		2,458.00
Accruals			500		350.00
Other creditors			100
			14078		2,808.00


4. Provisions for liabilities and charges
	2003	2002
Amount received during the financial year to 31st March
2003 from EEDA to support the administration costs
incurred by CCDA in the provision of loans to be made
to new and existing co-operatives, social firms and
community enterprises during the next financial year to
31st March 2004. Any amount not used for such purposes
during the year to 31st March 2004 is to be repaid to
EEDA.	9985	0


5. Members ' Funds
	2003	2002
Balance at 1st April 2002	17180	14993
Surplus retained for the year	3759	2187
Balance at 31st March 2003	20939	17180