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Finance |
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Copyright © The Deddington News 2008 |
Annual turnover is currently about £9,000, with a reserve of some £7,000. £5000 of pump-priming funds were provided by the Parish Council. This debt of honour was later repaid by funding ten public notice boards in the parish.
£2000 was also given to the school to assist in its role of communication. Funding is now almost entirely by advertising revenue. Monthly adverts are charged at £20 per month for a quarter page, and £15 per month for 1/6 page, with an extra charge of £10 if copy is not camera-ready. Inserts are charged at £35. Currently, such is the demand for space that it needs to be reserved months ahead and is mostly reserved for locally-based enterprises, and adverts can appear for only three consecutive months. Annual adverts are charged from £60 for 1/6 page, and space is now fully booked for 2008. Capital equipment is limited to a Risograph printing machine (based in the Primary School), costing about £2,000; a laptop computer, costing £500; and three electric staplers, costing some £20 each. The editorial team use their own computers, though some software and hardware have been paid for. |