for the Period Ended 31 March 2022
Directors report | |
Profit and loss | |
Balance sheet | |
Additional notes | |
Community Interest Report |
Directors' report period ended
The directors present their report with the financial statements of the company for the period ended 31 March 2022
Directors
The director shown below has held office during the period of
21 February 2022 to 31 March 2022
The director shown below has held office during the whole of the period from
16 March 2021 to 31 March 2022
The director shown below has held office during the period of
16 March 2021 to 28 February 2022
The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006
This report was approved by the board of directors on
And signed on behalf of the board by:
Name:
Status: Director
for the Period Ended
13 months to 31 March 2022 | ||
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| £ | |
Turnover: | | |
Cost of sales: | ( | |
Gross profit(or loss): | | |
Administrative expenses: | ( | |
Operating profit(or loss): | | |
Profit(or loss) before tax: | | |
Profit(or loss) for the financial year: | |
As at
Notes | 13 months to 31 March 2022 | ||
---|---|---|---|
| £ | ||
Current assets | |||
Cash at bank and in hand: | | ||
Total current assets: | | ||
Net current assets (liabilities): | | ||
Total assets less current liabilities: | | ||
Total net assets (liabilities): | | ||
Members' funds | |||
Profit and loss account: | | ||
Total members' funds: | |
The notes form part of these financial statements
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 31 March 2022
Basis of measurement and preparation
Turnover policy
for the Period Ended 31 March 2022
13 months to 31 March 2022 | ||
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Average number of employees during the period | |
Kestrel New Media CIC was founded in April 2021, and its first project has been running South Rugby News (SRN). South Rugby News is a new hyperlocal news initiative, published online and supported financially by its readers. Our aim was to help people feel more connected and more informed about their community.We publish stories daily, and a summary of all the week's news and events each week. Some of our news is free for everyone to read, and some is exclusive for paying subscribers.The stories cover the breadth of local life, from parish-level democracy to features about local people and businesses.Our work on South Rugby News has been recognised by the Independent Community News Network and the Independent Media Association (IMA), both of whom invited us to join them. We were awarded the IMA's local/regional publication of the year in March 2022.One of our readers said: "South Rugby News keeps me up to date with important local news. It has definitely increased my awareness of local issues and opportunities to be involved in my community."Another reader said: "SRN is my main source of local news and I admire the principles. I don’t use Facebook or get local papers."During the year, one of the founding directors (Richard Howarth) retired and he was replaced by Robert Chidley. We are in the process of recruiting a third director.
Stakeholders are: readers, subscribers and all members of the community in Warwickshire.Survey for readers June 2021: 7 responses. We asked readers what type of stories they wanted to read. The biggest response was stories on the environment. We continue to try to write regularly about environmental issues.Survey for readers January 2022: 15 responses. We asked readers what type of stories they wanted to read about and what the biggest issues for them were. This time, housing development was one of the top areas of concern.Meetings and discussions with local rotary clubs, representatives from a local WI group and MP.Regularly attend parish council meetingsSocial media presence and participation in neighbourhood Facebook groupsInvite comment, story and event submissions on a regular basisAttended Dunchurch Family Fun Day in July 2021. The pandemic meant that a lot of the usual community gatherings didn't happen, so a lot of our community engagement took place online.We held our first open news room in March 2022 and plan to repeat the exercise
No remuneration was received
One donation of £20 was made to the National Trust for the purpose of planting tree saplings.
This report was approved by the board of directors on
15 August 2022
And signed on behalf of the board by:
Name: Eleanor Holdsworth
Status: Director