Bristol Junior Chamber

Minutes Tuesday 6th September 2016 6pm The Engine Shed

Members Tom Alexander, Robert Barnes, Oliver Brown, Claire Bullock, Jennifer
Collings, Tom Dickinson, James Forward, Ewelina Golebieska, Kerry Grove, Rebecca
Harries-Williams, Laura Hilton, Mark Holloway, Russell Landau, Carly ODwyer, Benjamin
Pean, Heather Rees, Edward Romaine, Harry Sedman, Paul Staples, Ben St Quintin, Megan
Turnbull, Kate Ward, Ben Yarrow Total Members; 23. Guests - Karl Belizaire, Karl
Brown, Josh Difford, Clare Fenner, Peter Gifford, Lucy Gilbert , Nicholas Hatton, John
Knighley, Steve McNought, Oliver Mochizuki, Jacquelene Muller, Derrick Royall, Ed
Rowberry, Sue Turner, Andrew Venner, David Wells Total Guests; 16. Total turnout;
39
Oliver Brown Welcome from President - Desire to connect more with charitable
sector / social enterprise this year. Appointed Benjamin Pean to take on this role in
committee. Increase in social economy since economic downturn filling in void between
private and public sector. This year BJC has got involved with Babassa, providing mentors
and investment.
Karl Belizaire, Social Enterprise Works

Managing Director of 23 year old social enterprise company.

Social Enterprise is a business with primarily social objectives, limited profit
distributions, and participatory governance.
Bristol is one of the first social enterprise places.
Social Economy creates jobs and growth, particularly in this region, provision of
10,000 jobs. Social enterprise exists in very traditional sectors e.g. credit union
(finance sector), energy companies, food production, healthcare
Big driver for change has been Public Services Act 2012. Bristol adopted this Act and
committed to 330 million public spend.
The B Team - what is good for people and planet is also good for business. Richard
Branson a founding member.
Whats the greatest challenge facing social enterprise in Bristol? Public awareness

Sue Turner / Lucy Gilbert, Quartet Foundation

Frederick H Gough Philanthropist and banker who got frustrated that people would
donate money in their wills but as years went by there wasnt the same needs. Instead
why not have a central pot /community foundation to rely on the generations
afterwards to decide how to donate money to meet the current need.
Silicon Valley 6mn dollar endowment, largest community foundation in the world
Giving in the UK has not increased in 30 years despite wealth increasing. If earning
more than 34,000 within the wealthiest 1% of the world
Paper Artistic Development provides opportunities for people to develop in creative
industry. Paper creative advice bureau provides specialist advice to help pursue
creative ideas and job opportunities. Initial 2000 funding from Quartet.
Quartet increasingly supports social enterprise
Locklease one of the most deprived wards in Bristol. Provided 30,000 set up funds
to develop enterprise hub and community facilities.
Whereas other funders cant take risks on new initiatives Quartet can. Last year gave
out 2mn in funds, have an endowment of 24mn most of which is invested. Quartet

help find the entrepreneurs who need the support and advice to develop their
initiatives. Have to pass stringent quality assurance assessments thereby de-risking
the transaction.
Identify local needs through research. Publishing report in October.
What can you do? Can all have a philanthropic mindset. William McKaskell Doing
Good Better, excellent read for having a philanthropic mindset. If you are a
professional adviser can refer clients to Quartet or can encourage employer to set up
a fund.
Bristol Junior Chamber has a fund with Quartet. Fund generates 750 in income
every year to be used for charitable projects /social enterprise. Anyone can put an
amount of money into the fund.
Quartet portfolio is with Smith & Williamson. Challenge for 4% returns above RPI.
What is your most interesting /successful project in Buzz, Locklease project? Helped
them set up, they are now responsible for taking the project forward.
Can do a lot with a small amount of money and it can really changes lives.
UK is a bit stingy in donating compared to rest of the world. In US 92% of higher rate
tax payers feel obligation to be philanthropic, in UK that is 46%.
Very few large businesses that have set up funds. Popular in 1980s but in 90s/00s
business takeovers meant funds were stopped. Corporate responsibility to social
awareness, good way for businesses to entrust money and let Quartet manage and
allocate.
South West is second wealthiest to London but not second most generous. Bristol has
an independent spirit and this is reflected in how people spend their money.

Oliver Mochizuki, Fundsurfer

Crowdfunding and commercial finance. Started out by looking at what funding

options out there. About best option for your company.
Crowdfunding broken out since financial crash when donations dropped.
Equity crowdfunding - UK at the forefront of this. Peer to peer lending e.g. funding
circle
Providing opportunity for organisations to find new funding options
Company started in Set Squared, Bristol. Provide access to a unique blend of funding
options and the support to take you onwards.
Turn away 90-95% clients, keen to work with projects of real merit. E.g. building eco
schools in Afghanistan.
Can support projects but not just with money. Need volunteers to use professional
skills. About supporting social economy.
91 Ways to Build a Global City pop up peace cafes, unite people over common
language of food
Aid Box Convoy raised over 50,000 for different projects instead of going on their
usual holidays abroad. www.aidboxconvoy.co.uk. Utilise volunteers time and skills,
plus donations turns out skills learnt running Glastonbury Pyramid stage were very
useful in providing skills for Aidbox
Bristol Media sending a young creative from one of Bristols deprived areas to
break into one of the creative industries. Provide bursary to send one young person to
South by South West festival in the US.
Would welcome opportunity to work with any new social enterprises
What % of funding gives a return? Some are straight donation projects, but have done
a lot of work with social investment. 70 % straight donations to charities and 30% is

social investment with a return. Return doesnt have to be monetary, can be some
kind of quirky reward.
Questions;

How are social enterprises regulated?

Karl Belizaire - Community Interest Regulator which sits in Companies House.
Certain kitemarks available. CIC isnt the right fit for everyone and neither is
becoming a full blown charity. Other methods out there though e.g. social
enterprise mark.
Lack of awareness around social enterprise, yet there is a myriad of organisations.
What is the collective view as to how to educate the public?
Quartet - Community Foundations go through an evolution, start just talking to
high net worth individuals then expand. Quartet still at spotty teenager stage of
maturity. 30th Anniversary opportunity to plug and market through social media.
But it is very slow. Creative opportunities are a good way forward.
Karl Belizaire Communications creating content and sharing. Talking to new
audiences. Not everyone is going to be a social entrepreneur but can all be
involved with some level of social action.

Benjamin Pean Chair of Charities and Social Enterprise

Thank-you to speakers and attendees.

How can we tackle issues? Not alone. We have tremendous skills which can be
utilised by social enterprise companies. Not only financial contributions but
about offering skills.
October event opportunity to support one social enterprise in particular and
donate to.

------- Move to general meeting

Oliver Brown

A huge thank you to speakers and to Benjamin for organising

Most of CoM on holiday;
Becky Purchase promote members dinner on 21st October at Clifton Club, 45/head
Ben Kenny & Jack Callow Please pay subs!

Robert Barnes Heritage & Culture

Great tour of Bristol Records office

15th September Press night for The Rivals at BOV. Three extra tickets available.
Link on weekly e-mail

Megan Turnbull Education & Skills

More school interviews in November. More volunteers needed!

Heather Rees Membership Secretary

New members introductions Ewelina Golibeska, Diaceutics; Rebecca HarriesWilliams, Foot Antsey; Mark Holloway, Paragon Costs Solutions; Harry Sedman,

Acorn Property; Ben Yarrow, Marks Out of Tenancy; Tom Dickinson, Marks Out of
Tenancy;
Please come see me if a guest and interested in finding out more about BJC.

Bristol Rotary (Bristol Breakfast)

Looking to build connections with BJC and collaborate especially around social
enterprise.

Next meeting 4th October @ Club Haus, Quiz Night

--Close up 20.00 and head to Vinho --