for the Period Ended 31 March 2025
| Directors report | |
| Profit and loss | |
| Balance sheet | |
| Additional notes | |
| Balance sheet 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 2025
Principal activities of the company
Directors
The directors shown below have held office during the whole of the period from
1 April 2024
to
31 March 2025
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
| 2025 | 2024 | |
|---|---|---|
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£ |
£ |
| Turnover: |
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| Cost of sales: |
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(
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| Gross profit(or loss): |
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| Distribution costs: |
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| Administrative expenses: |
(
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(
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| Other operating income: |
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| Operating profit(or loss): |
( |
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| Interest receivable and similar income: |
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| Interest payable and similar charges: |
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| Profit(or loss) before tax: |
( |
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| Tax: |
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| Profit(or loss) for the financial year: |
( |
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As at
| Notes | 2025 | 2024 | |
|---|---|---|---|
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£ |
£ |
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| Fixed assets | |||
| Intangible assets: |
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| Tangible assets: |
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| Investments: |
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| Total fixed assets: |
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| Current assets | |||
| Stocks: |
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| Debtors: |
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| Cash at bank and in hand: |
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| Investments: |
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| Total current assets: |
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| Prepayments and accrued income: |
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| Creditors: amounts falling due within one year: | 3 |
(
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(
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| Net current assets (liabilities): |
( |
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| Total assets less current liabilities: |
( |
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| Creditors: amounts falling due after more than one year: |
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| Provision for liabilities: |
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| Accruals and deferred income: |
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(
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| Total net assets (liabilities): |
( |
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| Members' funds | |||
| Profit and loss account: |
( |
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| Total members' funds: |
( |
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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 2025
Basis of measurement and preparation
Turnover policy
for the Period Ended 31 March 2025
| 2025 | 2024 | |
|---|---|---|
| Average number of employees during the period |
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for the Period Ended 31 March 2025
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Bank loans and overdrafts |
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| Amounts due under finance leases and hire purchase contracts |
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| Trade creditors |
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| Taxation and social security |
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| Accruals and deferred income |
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| Other creditors |
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| Total |
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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 of Schools sees free copies of The Happy Newspaper sent into schools across the UK. Emily Coxhead Limited send 1 free copy of the newspaper to schools for every 2 subscribers. We have 4,462 educators signed up between April 2024 – March 2025 26,000 free newspapers were delivered. The intention of Choose The Happy News CIC is to raise funding for more copies of the Happy Newspaper. In this final year, because of commitments within Emily Coxhead Limited, no additional funding was secured. However, we have entered a design partnership which should see £5,000 worth of funding in the next final year.
The stakeholders are the children and teachers who receive the free newspapers, the below feedback was collected from the educators in the previous accounting year and the main headlines were: 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.
No remuneration was received
No transfer of assets other than for full consideration
This report was approved by the board of directors on
29 May 2025
And signed on behalf of the board by:
Name: Niall Chartier
Status: Director