SCOTTIE PRESS C.I.C.

Company limited by guarantee

Company Registration Number:
11260549 (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

SCOTTIE PRESS C.I.C.

Contents of the Financial Statements

for the Period Ended 31 March 2024

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

SCOTTIE PRESS C.I.C.

Balance sheet

As at 31 March 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 273 410
Total fixed assets: 273 410
Current assets
Cash at bank and in hand: 2,522 3,894
Total current assets: 2,522 3,894
Creditors: amounts falling due within one year:   0
Net current assets (liabilities): 2,522 3,894
Total assets less current liabilities: 2,795 4,304
Creditors: amounts falling due after more than one year:   0
Total net assets (liabilities): 2,795 4,304
Members' funds
Profit and loss account: 2,795 4,304
Total members' funds: 2,795 4,304

The notes form part of these financial statements

SCOTTIE PRESS C.I.C.

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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 15 October 2024
and signed on behalf of the board by:

Name: Joel Hansen
Status: Director

The notes form part of these financial statements

SCOTTIE PRESS C.I.C.

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

SCOTTIE PRESS C.I.C.

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 1

SCOTTIE PRESS C.I.C.

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2023 410 410
Additions
Disposals
Revaluations
Transfers
At 31 March 2024 410 410
Depreciation
At 1 April 2023 0 0
Charge for year
On disposals
Other adjustments 137 137
At 31 March 2024 137 137
Net book value
At 31 March 2024 273 273
At 31 March 2023 410 410

COMMUNITY INTEREST ANNUAL REPORT

SCOTTIE PRESS C.I.C.

Company Number: 11260549 (England and Wales)

Year Ending: 31 March 2024

Company activities and impact

Scottie Press C.I.C. runs a local community newspaper in North Liverpool, distributed to shops, cafes, pubs, and community centres. In addition, we utilise the newspaper’s extensive photography archive to run educational and creative workshops. Since our first financial year in March 2018, we have aimed to benefit the local community in the following ways: Publishing six editions of the Scottie Press newspaper, each with a print run of 800 copies. The content includes relevant and engaging news on local issues such as council activities, community campaigns, infrastructure changes, employment opportunities, human interest stories, entertainment, history, sport, health, and other valuable community information. Providing numerous work experience and volunteer roles within our organisation, offering people valuable experience in the newspaper industry to support their employment and education. Collaborating in art exhibitions to promote local culture and celebrate the heritage of North Liverpool, using our photography archive to maintain the local identity. Launching a weekly history archiving service with the support of local volunteers. This initiative helps community members research local history using the extensive records housed in the Scottie Press C.I.C. office. Adapting to Challenges: During the pandemic, we transitioned to an exclusively online publication to continue delivering local news. This ensured that the newspaper provided its essential service during these uncertain times. In the financial year 2022-2023, we initiated efforts to restructure our operations and extend our reach as a local digital media platform through various innovative digital channels. This led to the development of a new business and marketing strategy aimed at relaunching the company in 2024 with a fresh mission focused on delivering educational and informative content to benefit our stakeholders. Challenges in 2023-2024: Unfortunately, despite our intentions, limited financial resources and volunteer capacity have prevented us from fully executing our plans. Securing the necessary funds and resources has been our biggest obstacle. As a result, the Board of Directors discussed the possibility of winding down Scottie Press C.I.C. during our most recent meeting. While we are continuing to explore all options and expect to make a final decision in 2025, we are providing this update to ensure transparency. We remain committed to our mission and to benefiting the community, though the current circumstances present significant limitations. Our focus moving forward is to review all options for the future of Scottie Press C.I.C. and to determine the best course of action for the company and the community it serves.

Consultation with stakeholders

No consultation with stakeholders

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
15 October 2024

And signed on behalf of the board by:
Name: Joel Hansen
Status: Director