I SORE MEDIA C.I.C.

Company limited by guarantee

Company Registration Number:
07370672 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2023

Period of accounts

Start date: 1 April 2022

End date: 31 March 2023

I SORE MEDIA C.I.C.

Contents of the Financial Statements

for the Period Ended 31 March 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

I SORE MEDIA C.I.C.

Directors' report period ended 31 March 2023

The directors present their report with the financial statements of the company for the period ended 31 March 2023

Directors

The directors shown below have held office during the whole of the period from
1 April 2022 to 31 March 2023

Mr J D Turner
 Ms J E Siret
 Miss E A Barker
 Mrs D L Lilley

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
15 September 2023

And signed on behalf of the board by:
Name: Mr J D Turner
Status: Director

I SORE MEDIA C.I.C.

Profit And Loss Account

for the Period Ended 31 March 2023

2023 2022


£
£
Turnover: 44,110 1,279
Cost of sales: ( 20,865 ) ( 550 )
Gross profit(or loss): 23,245 729
Administrative expenses: ( 19,186 ) ( 1,716 )
Operating profit(or loss): 4,059 (987)
Profit(or loss) before tax: 4,059 (987)
Tax: ( 258 ) 0
Profit(or loss) for the financial year: 3,801 (987)

I SORE MEDIA C.I.C.

Balance sheet

As at 31 March 2023

Notes 2023 2022


£
£
Fixed assets
Tangible assets: 3 4,059 0
Total fixed assets: 4,059 0
Current assets
Cash at bank and in hand: 24,105 30,515
Total current assets: 24,105 30,515
Net current assets (liabilities): 24,105 30,515
Total assets less current liabilities: 28,164 30,515
Accruals and deferred income: ( 24,363 ) ( 30,101 )
Total net assets (liabilities): 3,801 414
Members' funds
Profit and loss account: 3,801 414
Total members' funds: 3,801 414

The notes form part of these financial statements

I SORE MEDIA C.I.C.

Balance sheet statements

For the year ending 31 March 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 15 September 2023
and signed on behalf of the board by:

Name: Mr J D Turner
Status: Director

The notes form part of these financial statements

I SORE MEDIA C.I.C.

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Tangible fixed assets depreciation policy

    Tangible fixed assets are stated at cost less depreciation Fixtures Fittings Equipment - 25% straight line

I SORE MEDIA C.I.C.

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 0 0

I SORE MEDIA C.I.C.

Notes to the Financial Statements

for the Period Ended 31 March 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2022 9,379 11,895 21,274
Additions 4,917 500 5,417
Disposals
Revaluations
Transfers
At 31 March 2023 14,296 12,395 26,691
Depreciation
At 1 April 2022 9,379 11,895 21,274
Charge for year 1,233 125 1,358
On disposals
Other adjustments
At 31 March 2023 10,612 12,020 22,632
Net book value
At 31 March 2023 3,684 375 4,059
At 31 March 2022 0 0 0

COMMUNITY INTEREST ANNUAL REPORT

I SORE MEDIA C.I.C.

Company Number: 07370672 (England and Wales)

Year Ending: 31 March 2023

Company activities and impact

During this period, isore Media's activities were hampered by lock-downs and thCovid 19 Pandemic. The development of the CIC which mainly consisted of (but was not limited to) to ensure efficient running of the business and undertaking other marketing activity (production of website, social media etc) making links with other CICs/non profit organisations, Isore also applied for and secured comission to run prison-based media projects and filmmaking workshops with serving prisoners/people in recovery from drug addiction and the long-term unemployed. this will continue in 2023. Isore Media have also been revising its AIM accredited film making workshops due to accreditation changes during the lock-down. isore Media has been talking to its existing customer base in order to rekindle and make new relationships with stake holders and contacts in new positions within organisations we have worked with.

Consultation with stakeholders

The company's stakeholders include amongst others Public Health England, SIAS, the West Midlands Probation trust, HM Prison Service, G4S, New Leaf Recover Priject, Lyndale Housing and CO-OP. Our service users include those who make continued use of and are supported by the stakeholders.Consultations are being restablished with our stakeholders on how we might best engage with all of the appropriate services to deliver our workshops to the highest level taking into account the needs of the service users, the strategy of the stakeholders and how a mutually beneficial working relationships continue to develop.The success of our media courses has meant repeated business with all stakeholders and further talks with the prison service concerning educational courses for inmates.

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
29 September 2023

And signed on behalf of the board by:
Name: Jason Turner
Status: Director