CHOOSE THE HAPPY NEWS CIC

Company limited by guarantee

Company Registration Number:
13992961 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 1 April 2023

End date: 31 March 2024

CHOOSE THE HAPPY NEWS CIC

Contents of the Financial Statements

for the Period Ended 31 March 2024

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

CHOOSE THE HAPPY NEWS CIC

Directors' report period ended 31 March 2024

The directors present their report with the financial statements of the company for the period ended 31 March 2024

Principal activities of the company

Principal activity of the company during the financial year was to support the Happy News for Schools initiative.



Directors

The directors shown below have held office during the whole of the period from
1 April 2023 to 31 March 2024

Niall Chartier
Emily Coxhead


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
27 September 2024

And signed on behalf of the board by:
Name: Niall Chartier
Status: Director

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Profit And Loss Account

for the Period Ended 31 March 2024

2024 2023


£

£
Turnover: 30,318 101
Cost of sales: ( 30,000 ) 0
Gross profit(or loss): 318 101
Administrative expenses: ( 318 ) ( 101 )
Operating profit(or loss): 0 0
Profit(or loss) before tax: 0 0
Profit(or loss) for the financial year: 0 0

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Balance sheet

As at 31 March 2024

Notes 2024 2023


£

£
Current assets
Cash at bank and in hand: 10,881 899
Total current assets: 10,881 899
Creditors: amounts falling due within one year: 3 ( 300 ) ( 899 )
Net current assets (liabilities): 10,581 0
Total assets less current liabilities: 10,581 0
Accruals and deferred income: ( 10,581 )
Total net assets (liabilities): 0 0
Members' funds
Profit and loss account: 0 0
Total members' funds: 0 0

The notes form part of these financial statements

CHOOSE THE HAPPY NEWS CIC

Balance sheet statements

For the year ending 31 March 2024 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 27 September 2024
and signed on behalf of the board by:

Name: Niall Chartier
Status: Director

The notes form part of these financial statements

CHOOSE THE HAPPY NEWS CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 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

    Turnover policy

    Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

CHOOSE THE HAPPY NEWS CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

CHOOSE THE HAPPY NEWS CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Creditors: amounts falling due within one year note

2024 2023
£ £
Accruals and deferred income 300 899
Total 300 899

COMMUNITY INTEREST ANNUAL REPORT

CHOOSE THE HAPPY NEWS CIC

Company Number: 13992961 (England and Wales)

Year Ending: 31 March 2024

Company activities and impact

Choose The Happy News CIC is set up to support the Happy news for Schools initiative delivered by Emily Coxhead Limited (The Happy Newspaper). The Happy Newspaper is a quarterly newspaper filled with only positive news and features, with bright and colourful illustrations by creative talent from all over the world. The Happy News for Schools sees free copies of The Happy Newspaper sent into schools across the UK. We have 4,713 educators signed up and between April 2023 - March 2024 109,500 free newspapers were delivered. The Intention of Choose The Happy News CIC is to raise funding to support the programme. In this business year we secured a total of £40,000 in funding, resulting in an additional 82,800 newspapers being sent throughout the year.

Consultation with stakeholders

The stakeholders are the children and teachers who receive the free newspapers, feedback has been collected from the educators and the main headlines are: - 97% of teachers said The Happy Newspaper was beneficial to their pupils - 70% said that their pupils gained an awareness of how reading or writing positive stories can support their mental wellbeing - 35% said that their student's gained confidence in expressing their feelings from working with the newspaper As part of the feedback process teachers are asked for improvement suggestions and where possible these are applied, and we will continue to improve the newspaper for use with children whilst maintaining the newspaper's accessibility for as many people as possible.

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
9 April 2024

And signed on behalf of the board by:
Name: Niall Chartier
Status: Director