Meet Mike Moles – New Manager At Broadwindsor Community Stores

Pictured outside Broadwindsor Community Stores with Margaret is Mike Moles, the newly appointed shop manager.

Mike’s not there full time yet as he has a moral obligation to the community he is leaving but will be there in the afternoons this week being shown ‘the ropes’ by both Margaret and Jane who have held the fort fantastically & remarkably since Kevin left.

Welcome to Broadwindsor Mike!

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Village Shop Seeks Loan From BGPC To Purchase The Freehold Of Premises

Stewart Urry, Secretary of Broadwindsor and District Community Enterprise (BADCE) informed members this week of the committee’s intention to seek a loan from Broadwindsor Group Parish Council at their meeting on Monday, 13th June.

APPLICATION TO BGPC FOR A LOAN FOR THE PURCHASE OF THE FREEHOLD OF THE SHOP PREMISES

  1. BADCE is registered under the Co – Operative and Community Benefits Societies Act 2014, number 31629R. Annual Returns, available on line, are filed with the Financial Conduct Authority. BADCE carries on business as a convenience store for the benefit of Broadwindsor village and the nearby district. BADCE has 330 members, on a one vote per member basis. The shop is an invaluable resource to the district, as has particularly been shown in the recent pandemic, and is widely supported by its members, volunteer assistants and the general public, and also by the local Council.

  2. BADCE was established in early 2013 after public fundraising of some £30,000. From its inception it has reported an annual financial surplus, modest by reference to turnover, but grocery is a low margin trade, and the shop is not in business to maximise profits. At 31 December 2021, its accounts show total members’ funds of £64,016, represented by some £45,000 in cash and bank deposits, with the balance invested in the shop business.

  3. BADCE occupies its premises at The Old Telephone Exchange (’TOTE’) in Drimpton Road, Broadwindsor under a lease agreement at a current annual rent of £4,000 per year, for a term expiring on 31 December 2022, with no security of tenure after that date. Relations with the landlord are good, but the risk is that circumstances may change, and a lease renewal might not be offered in 2023, or at a later date. In any event the annual rent is likely to rise with inflation. The current location suits the shop very well, and there is presently no other comparable site for the shop in the village. Leased tenure restricts the shop from making any improvements to the building, or on the shop site, and this limits the future development of the shop.

  4. Following negotiations with the landlord a price has been agreed for the freehold at £75,000 plus vendor legal fees. The value of the TOTE building is in the region of £75,000/100,000 based on other transactions in identical buildings round the country; recently such a building was offered for sale in Yetminster, let at just over £4k per year, for £99.5k. The landlord values the building at some £100,000, but is generously willing to sell it to BADCE at the discounted price of £75k. A professional opinion has been taken supporting this purchase price.

  5. The BADCE Committee recommends the purchase of the freehold, as a one off opportunity to provide long term security for the shop, at a very reasonable price for a freehold. In order to fund the purchase, grant opportunities have been sought over the last six months, but without success. The main problem is that most current grant programmes are for new projects, which cannot readily access funding in any conventional way, and BADCE does not meet these criteria. Also, the Committee does not think it an opportune time to raise further funds from the members: there are considerable funds in the bank, partly from the original members’ fund raising, and also the local community has only recently raised money for the local pub.

  6. BADCE is therefore looking at loan finance. The total cost of the freehold, with fees and costs, might be some £80,000. BADCE currently has some £45k of cash, but needs to retain a trading buffer of some £15k, making say £30k available for the purchase, and so is looking for loan finance of some £50k, and has approached BGPC for assistance.

  7. BGPC may be able to access loan finance through the Public Works Loan Board, where currently published repayment terms for a £50k loan show capital and interest repayments on say a 30 year term of a fixed amount of under £3,000 per year, which is less than the current £4,000 annual rent paid by the shop, which is not fixed for the future. So the shop could readily afford this loan repayment cost.

  8. In respect of a loan, BADCE would grant BGPC security over the TOTE freehold property, which has a value materially higher than a £50k loan, so BGPC would have good capital security for its loan. BGPC would also have income security as the shop can readily afford the projected loan repayment costs out of its current trading results. BADCE would also offer to pay any incidental costs to BGPC of the loan assistance.

S W Urry
Secretary – BADCE
May 2022

Only members of BADCE can attend the AGM which will be on Wednesday, 21st June at 6pm in the Comrades Hall.
To become a member – please contact the Secretary: stewart.urry@gmail.com.

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Broadwindsor Community Stores – Jubilee Hours

Over the Platinum Jubilee holiday weekend, our village shop will be open ‘Sunday hours’, from 8am – 12noon.

This will be on Thursday, 2nd June through to Sunday, 5th June.

Our thanks to the volunteers who will give their time to make it possible 🙂

Please note: the last delivery of bread from Evershot bakery will be Wednesday, 1st, so any orders must be in by Tuesday, 31st May.

Keep up to date on offers in the shop by following them on their Facebook page HERE.

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Old Village Shop Sold At Auction

Earlier this afternoon, the old village shop in the square sold for it’s guide price of £175,000 at Symonds & Sampson’s Property auction held in Sherborne. (More details of the property can be viewed HERE)

Alastair Boyd, with his wife Dee ran the shop for several years.  After Dee died, Alastair closed the shop and this led to the creation of our wonderful Broadwindsor Community Stores which opened in March 2013.

The Grade II Listed building has 3 bedroomed living accommodation above and a small garden at the rear. After lying empty for ten years, the property will require some modernisation and improvement.  With the necessary work that has to be done there together with the work going on at The White Lion – the look of Broadwindsor’s village square is rapidly changing.

We look forward to welcoming the new owner
and wish them every happiness in their new home 🙂

Thank you to Richard Thornborough for the photograph above which shows the village shop in the Edwardian era 🙂

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T-Shirt With Village Slogan

As many will be aware the T-shirt logo poll closed recently with the slogan Where Community Matters‘ receiving the most votes.  There were 2,768 votes cast with the winner receiving nearly 30% of them.

The sponsor, who wishes to remain anonymous, has stated that a small company StuartAusten.co.uk has been asked to research how and where the T-shirts can be produced.

Originally, the sponsor had stated that any profits for the sale of the T-shirts should be put forward to support the Save the White Lion fund. However, given the fact that this worthy cause has exceeded its target, it has been decided that the profits will go towards the purchase of a memorial for those lost in conflict.  At present no external memorial exists in the village.

T-shirts will be £15 and the size chart is below:

If you have any questions or orders, please contact my private e mail: chagoigray@gmail.com putting T-shirt in the subject title.

Thank you.
Adrian Gray.

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The Winning Slogan Is…

Where Community Matters

Submitted by Lynne Staff, of Drimpton Road, Broadwindsor receiving 29.6% of the 2,768 votes cast.

2nd with 24.6%Where Good Things Happen

3rd with 23%Where Community Thrives

4th with 18.6%White Lion Preservation Society

Others – 4.2%

Lynne’s slogan will be printed on the front of T-shirts being printed with The White Lion logo on the back.

Proceeds from the sale of the T-shirts will go to the Save The White Lion fund.

Congratulations to Lynne, who will receive a free T-shirt once they are printed and many thanks to everybody who took the time to vote.

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Voting Closes 23.59hrs Tomorrow, Sunday 20th February

Over 100 people have voted with 180 votes. With 21 suggestions to choose from, leading with 22.2%, at the time of publishing, is “Where Good Things Happen” followed closely by “White Lion Preservation Society” at 19.4%.

This could change by tomorrow when voting ends… Vote now!

This poll is no longer accepting votes

128 days, 9 hours, 27 minutes & 55 seconds remaining
Vote for your favourite! Choose up to 3 max.
2768 votes · 5546 answers
VoteResults

 

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Shop Manager Applications Extended To: Monday, 28th February.

Sadly, this position has not had the best response, so it has been decided to extend the closing date until Monday, 28th February 2022.

  • The successful applicant will be responsible for the day-to-day management of the store, managing and working alongside two part-time assistants and a team of volunteers.
  • You will be computer literate and possess excellent inter-personal skills.
  • You will be expected to demonstrate initiative, imagination and leadership to implement strategies to increase customer spend and shop profitability.
  • Relevant retail experience would be beneficial as would a liquor licence.
  • As manager you will work a 32 hour week, with early starts, weekend and Bank Holiday work involved.
  • If appointed, you will be expected to attend Committee Management meetings outside these hours.

A full job description, including remuneration, can be obtained by contacting Chairman of the Management Committee, Andrew Hookings:
By email: andrewhookings@yahoo.co.uk or
By telephone: 01308 867638.

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Broadwindsor Slogan Poll – Vote Now

There were over 20 entries submitted for the Broadwindsor Slogan – there were a couple of duplicates involving the White Lion, in which case the individual who submitted their entry first will win, should that slogan be selected.
The winning slogan will be printed on the front of a T-shirt with the White Lion‘s head on the back.  For more information, please click HERE.

Voting closes at 23.59hrs on Sunday, 20th February.

Vote Now!

This poll is no longer accepting votes

128 days, 9 hours, 27 minutes & 55 seconds remaining
Vote for your favourite! Choose up to 3 max.
2768 votes · 5546 answers
VoteResults

 

Broadwindsor,#Burstock,#Blackdown,#Drimpton,#Hursey,#Kittwhistle,#Seaborough,#Village,#Community,#WestDorset,#DorsetLife,#Rural,#Dorset,#VillageCompetition,#Slogan,#VoteNow,#BroadwindsorCommunityStores,#BeKind,#BeSafe,#StaySafe

Broadwindsor Slogan – One Week Left To Suggest

You’ve until midday next Saturday, 12th February to submit your suggestion!

Please send to info@broadwindsor.org or paper submissions may be left at the village shop.

The poll will be launched on Sunday, 13th and will be open for one week.
Your votes decide 🙂

For more information – please click HERE.

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