On-going monitoring and ‘A Community and ‘Light touch’ annual ‘VCOSE’s will be Check on continued Not beyond checking reporting requirements Social Enterprise that reviews will be carried expected to produce a financial good periodically that enters into a long-term out, rents will be statement of governance and terms of lease being lease with the Council reviewed every five community benefit on sustainability by maintained and met, will be expected to years and the ‘worth’ an annual basis. The presentation of Annual especially in relation produce a statement of re-valued at the same benefits to be realised Report and Accounts. to condition of asset. community benefit on a time to determine the shall be agreed in quarterly, six-monthly rebate for the next advance and Check on continuing or annual basis for up to period. Organisations incorporated into a delivery of social, 3 years (although this that are performing well Service Level economic, and will not constitute a can potentially receive Agreement with the environmental Service Level 100% rent relief. On the Council.’ outcomes via Agreement) - to track its other hand presentation annually of progress in delivering organisations that are updated Your Value against its Full Business delivering lesser report (or other Case.’ benefits would receive a mutually agreed tool). smaller rebate. The Council and the Check on continuing organisation may at Good Governance and each review mutually Skills and Knowledge via agree different benefits presentation to council and methodology for of updated PreVISIBLE the valuing worth report (or other reflecting mutually agreed tool) changing needs and every three years or at circumstances.’ the point of renewal of lease. Any further financial Council has provided No council grants to Policy says that as part No further council Not usually. investment by the council some grant support for groups per se though of the assessment support for the revenue post-transfer? groups to prepare for there maybe payments process prior to costs of managing the CAT and may provide (grant or contract) for approving any CAT the building but council may some capital investment specific commissioned groups must from time to time in the asset at the point services. ‘Demonstrate choose to commission of transfer but explicit evidence the asset will specific services from expectation post-CAT is be run without the groups.
On-going monitoring and reporting requirements ‘A Community and Social Enterprise that enters into a long-term lease with the Council will be expected to produce a statement of community benefit on a quarterly, six-monthly or annual basis for up to 3 years (although this will not constitute a Service Level Agreement) - to track its progress in delivering against its Full Business Case.’ ‘Light touch’ annual reviews will be carried out, rents will be reviewed every five years and the ‘worth’ re-valued at the same time to determine the rebate for the next period. Organisations that are performing well can potentially receive 100% rent relief. On the other hand organisations that are delivering lesser benefits would receive a smaller rebate. The Council and the organisation may at each review mutually agree different benefits and methodology for the valuing worth reflecting changing needs and circumstances.’ ‘VCOSE’s will be expected to produce a statement of community benefit on an annual basis. The benefits to be realised shall be agreed in advance and incorporated into a Service Level Agreement with the Council.’ Check on continued financial good governance and sustainability by presentation of Annual Report and Accounts. Check on continuing delivery of social, economic, and environmental outcomes via presentation annually of updated Your Value report (or other mutually agreed tool). Check on continuing Good Governance and Skills and Knowledge via presentation to council of updated PreVISIBLE report (or other mutually agreed tool) every three years or at the point of renewal of lease. Not beyond checking periodically that terms of lease being maintained and met, especially in relation to condition of asset. Any further financial investment by the council post-transfer? Council has provided some grant support for groups to prepare for CAT and may provide some capital investment in the asset at the point of transfer but explicit expectation post-CAT is No council grants to groups per se though there maybe payments (grant or contract) for specific commissioned services. Policy says that as part of the assessment process prior to approving any CAT the groups must ‘Demonstrate evidence the asset will be run without the No further council support for the revenue costs of managing the building but council may from time to time choose to commission specific services from groups. Not usually.