As a project Journo Resources is committed to being transparent about what we make, and where that money goes. We haven’t been around for long, but have just filed our first set of accounts since registering as a limited company, so wanted to share a bit of a TL;DR.
If you’re interested in seeing the full document we had to put together for Companies House you can see this online here. If you’d rather just a couple of quick headlines, here are some bullet points:
- We became a registered company on August 9, 2017. This means the accounts we have just put together are from then until the end of August in 2018.
- During this time we managed to bring in £850. This came from a combination of things; we fund the site through various different ways, like sponsored partnerships and a couple of job adverts.
- We decided to spend most of this cash on getting the website up to date, with £606 going on doing up the jobs pages so they actually work, our domain names and hosting.
- Towards the end of the year, we also ended up having to start paying for Mailchimp, which costs just over £27 a month.
- After a couple of other small costs, we were essentially left with £187 at the end of August, which has since been used on things like paying freelancers at our events and printing.
Eagle-eyed followers will also remember our director Jem Collins won the Georgina Henry Award for Innovation in Digital Journalism at the Press Awards. It came with a £3,000 award for Jem, which she used to allow her to leave her full-time job and work on Journo Resources for two days a week, paying herself £375 a month to cover those days for the past eight months.
During the next 12 months we’re confident we’ll be able to expand our revenue in order to pay a freelance editorial assistant for five hours a week, as well as commission one piece a month.
We really appreciate all the support we’ve been given across the past year, and look forward to meeting as many of you as possible in 2019.