for the Period Ended 30 June 2024
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 30 June 2024
Directors
The directors shown below have held office during the whole of the period from
1 July 2023
to
30 June 2024
The director shown below has held office during the period of
1 July 2023
to
21 May 2024
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
2024 | 2023 | |
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Turnover: |
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Cost of sales: |
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Gross profit(or loss): |
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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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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 | 2024 | 2023 | |
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£ |
£ |
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Fixed assets | |||
Tangible assets: | 3 |
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Total fixed assets: |
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Current assets | |||
Debtors: | 4 |
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Cash at bank and in hand: |
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Total current assets: |
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Creditors: amounts falling due within one year: | 5 |
(
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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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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 30 June 2024
Basis of measurement and preparation
Turnover policy
Tangible fixed assets depreciation policy
for the Period Ended 30 June 2024
2024 | 2023 | |
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Average number of employees during the period |
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for the Period Ended 30 June 2024
Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total | |
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Cost | £ | £ | £ | £ | £ | £ |
At 1 July 2023 |
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Additions |
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Disposals | ||||||
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Transfers | ||||||
At 30 June 2024 |
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Depreciation | ||||||
At 1 July 2023 |
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Charge for year |
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On disposals | ||||||
Other adjustments | ||||||
At 30 June 2024 |
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Net book value | ||||||
At 30 June 2024 |
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At 30 June 2023 |
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for the Period Ended 30 June 2024
2024 | 2023 | |
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£ | £ | |
Other debtors |
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Total |
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for the Period Ended 30 June 2024
2024 | 2023 | |
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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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for the Period Ended 30 June 2024
Name of director receiving advance or credit: |
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Description of the transaction: | |
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£ | |
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Balance at 30 June 2023 |
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Advances or credits made: |
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Advances or credits repaid: |
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Balance at 30 June 2024 |
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ELSC set up a PAYE system for 3 part-time members in 2023-2024. This includes the 2 directors & one CIC member, to account for & pay for the following roles: bookkeeping, operations & research/admin support. This system goes hand-in-hand with ELSC’s mission of providing improved working conditions for sex workers. We are now able to provide proof of income, address, a paper trail & other benefits that reduce precarity & vulnerability to our previous subcontractors & existing directors. We also started paying into the pensions of these members via NEST pensions; something that is practically unheard of for workers in the adult industry. We began selling tickets for our flagship life drawing class independently through our website, cutting out middlemen and fees from ticketing platforms. We experienced some difficulties regarding our life drawing class: we terminated our relationship with the venue Toulouse Lautrec at the end of 2023 due to poor management & lack of transparency on their part. Given the lack of affordable, value aligned venues in London, this was a significant setback. We also terminated a relationship in early 2024 with a life drawing host (subcontractor) due to increasingly strained communications & misaligned expectations. These difficult experiences proved to be important learning opportunities for ELSC’s internal team, revealing a need for ELSC to consider explicit conflict resolution process & boundaries/reasonable adjustments when working with a neurodiverse, vulnerable community with significant trauma. Luckily, in April 2024, we were able to come back from these setbacks. We hired a new life drawing host with lived experience in a strip club & as a practicing visual artist/painter. They have thrived in our environment and proved to be an extremely reliable, level headed, valuable member of ELSC’s team. We also took time to increase the quality of our class, adding much needed extra lighting to the function room of the Crown & Shuttle. Across the 2023-2024 year, ELSC began successfully writing a bi-weekly (every other week) email newsletter, communicating important consultations & marketing to our audience with thoughtful, long-form content. In Feb 2024, CIC member Maddie Sexy delivered a talk in conjunction with research that ELSC commissioned at Norwich University of the Arts. This talk reframes the concept of “representation” of sex workers within art history & the subversive nature of ELSC’s work as a grassroots, self-produced , worker-lead initiative. Following this, Maddie turned her talk into a written format, which ELSC published as a zine. As a newly onboarded, paid member of ELSC’s core team, Maddie produced the ELSC’s first ever impact report using qualitative & quantitative research based on a decade of data. The report measured our impact in terms of number of sex workers paid via our work & changing/destigmatising attitudes towards sex work as a result of public engagement with us. In April-May 2024 Maddie also researched, developed & delivered safeguarding workshops to the staff members of 6 London-based St.Mungo’s charity homeless services. These workshops had a direct impact on the quality of care given to some of the most vulnerable sex workers. In March 2024, ELSC were featured at the Other Art Fair, at the Truman Brewery. We were given our own booth, where we curated & sold work by sex worker artists in our community (photographers, painters) and work made by our regular life drawing attendees. We ran life drawing sessions on all days, reaching a new audience & offering a new, fresh, radical experience within a highly gatekept, elitist & commercial art world. This event proves that ELSC’s core tenants of combining sex worker justice & advocacy with the arts is a compelling & effective approach; enriching & educating our audiences. In May 2024, ELSC were invited by Sex & Rage to host a pop-up stripper life drawing class at the Museum of Sex Objects, hosted by VFDalston. This collaboration was punctuated by a social media feature on Freeda UK where the ELSC & Sex & Rage were able to talk about their work to a broad audience of over 1.5M followers. Finally, in summer of 2024, ELSC rekindled a relationship with USA based organisation Strippers Unite. We had a number of meetings discussing organisational structure, sharing notes, comparing activities, thus creating the conditions for further international collaboration.
ELSC created a community led decision making process, involving CIC members in a quorum meeting structure and voting system. One members’ meeting was held in 2023/24 to invite members to input into decisions made by ELSC. These helped to consolidate membership engagement, facilitate community building and come to a communal decision on how to use large amounts of donated funds, the kinds of employment our members seek from us and potentials for further collaborations with domestic and international stakeholders.
The total amount paid or receivable by directors in respect of qualifying services was £15,083. There were no other transactions or arrangements in connection with the remuneration of directors, or compensation for director’s loss of office, which require to be disclosed.
No transfer of assets other than for full consideration
This report was approved by the board of directors on
25 March 2025
And signed on behalf of the board by:
Name: Samantha Sun
Status: Director