WLPM

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Agenda for the WLPM Committee Meeting

Monday 19th May 2015 at 7.30pm in

the Foyer of the Corn Exchange, Wallingford

 

Apologies for absence

Minutes of the last Committee meeting (16 March 2015) and matters arising

Treasurer's report

Chair's report

Coordinator's report of March and April markets, details for outdoor market with Wallingford Country Market on 13 June, preview of other events in June

Report of new stall enquiries (from Jean/Barb/Sonja)

New fee structure for markets in the Regal Centre: proposal (to be sent before the meeting) and discussion

Publicity:

Any other business

Date of next Committee Meeting

 

 

 

Proposed new fee structure for markets held in the Regal Centre.

The fee structure for outdoor markets in the Market Place has already been revised to

£0 - £250    £16
£250+        £20

It costs about £165 per week to run the market. If divided equally between the stallholders the fee would be about £11 or £12 per stall.

When the market was founded the decision was made to have a tiered fee structure and thereby accommodate stalls with limited income.

The market should not rely too heavily on fees from a small number high turnover stalls - the market's costs should be more evenly shared among the stalls.

One option would be to have a fixed fee of £11 or £12.

If a tiered fee structure is retained then it can be simplified with fewer steps and also the boundaries changed such that the stall fee should usually be less that 10% of turnover.

The proposal is for three tiers (£8, £14, and £20) and the estimated effect on the market income is shown in the table below.

Existing fee structure and market income at the beginning of 2015

                   3Jan2015  10Jan2015  17Jan2015  24Jan2015  7Feb2015  14Feb2015  21Feb2015
£0 - £80       £6         5          5          6          7         7         10          5
£80 - £120    £12         1          1          2          2         1          4          4
£120 - £200   £18         1          1          2          1         3          1          2
£200+         £24         1          1          1          2         2          2          1
number of stalls          8          8         11         12        13         17         12
total income            £84        £84       £120       £132      £156       £174       £138

Estimated market income that would have been received using the new fee structure for the beginning of 2015

£0 - £100      £8         5          5          7          8         8         11          7
£100 - £250   £14         2          2          3          2         3          4          4
£250+         £20         1          1          1          2         2          2          1
number of stalls          8          8         11         12        13         17         12
estimated income        £88        £88       £118       £132      £146       £184       £132