Value for Money Statement

The following table clearly demonstrates bssa's commitment to improving the competitive environment in which members work and the contribution we can and do make to their bottom line. If we were to include our full range of benefits, the savings would be even greater. Take our insurance broking service, for example, where many members would be able to testify to the substantial additional savings we have secured for them. What's more, our preferential fire safety service with Chubb represents a 30% saving for a business with an annual turnover of up to £200,000 compared to their standard rates.

We believe it all adds up to outstanding value with our FREE Legal Benefits Scheme alone more than covering the cost of bssa membership for the majority of members. The message is clear - bssa membership gives your business major financial advantages – just how much depends on you and your use of the services available.

Service	Non member cost per annum (£)	Member cost per annum (£)	Saving per annum (£)
Legal Benefits Scheme	393	FREE	393
Online Employment Information and Management Site	225	FREE	225
Property Helpline	67	FREE	67
Clearing House	364	127	237
Card Processing	4,341	3,047	1,294
Business Banking	1,394	755	639
Rating Appeal	1,665	975	690
Telecoms	1,149	870	279
Emap Publications	450	300	150
Payroll	802	465	337
Potential Total Annual Saving			4,311

Assumes annual subscription for one copy of Retail Week and Drapers – see bssa website for ordering details.

Notes

Unless otherwise stated, the non-member costs reflect the standard charge or rates that would be applied by our respective service providers for a business with an annual turnover of up to £200,000.

	Standard charge out rate of £135 per hour and assumes an average of half hour per call including research and liaison.
	Assumes standard bank charges for a non member with a turnover up to £500,000 paying 30 suppliers per month.
	Includes a Clearing House administration cost of £10 per month.
	Assumes credit card turnover of £200,000 per annum and £100,000 debit card turnover, with an average transaction value of £50 and rental of bank owned terminal, figures which are consistent with a typical bssa member profile.
	Assumes total turnover of £250,000 per annum based on a typical bssa member profile.
	This is a direct comparison by our service provider against a competitor’s published fee quotation. Assumes a property with an original rateable value of £20,000 and a total reduction in rateable value of £1,500.
	These figures reflect the potential savings to be achieved by a Band 1 member when compared with their original British Telecom tariff, including the rental of 2 lines at Uniworld rates.
	Assumes annual subscription for one copy of Retail Week and Drapers – see bssa website for ordering details.
	Based on a member with 10 monthly paid employees paying for a year’s payroll processing including year end returns and initial set up costs. No BACS set up fee for all members with an HSBC business bank account, a further saving of £185.

February 2009