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

E: rick@socialvalue.lab.org.uk