ELSC PRODUCTIONS CIC

Company limited by guarantee

Company Registration Number:
12666926 (England and Wales)

Unaudited statutory accounts for the year ended 30 June 2024

Period of accounts

Start date: 1 July 2023

End date: 30 June 2024

ELSC PRODUCTIONS CIC

Contents of the Financial Statements

for the Period Ended 30 June 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

ELSC PRODUCTIONS CIC

Directors' report period ended 30 June 2024

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

Samantha Sun
Clare Emma Roderick


The director shown below has held office during the period of
1 July 2023 to 21 May 2024

Lauren Elise S King


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
27 March 2025

And signed on behalf of the board by:
Name: Samantha Sun
Status: Director

ELSC PRODUCTIONS CIC

Profit And Loss Account

for the Period Ended 30 June 2024

2024 2023


£

£
Turnover: 18,722 27,800
Cost of sales: ( 16,078 ) ( 15,026 )
Gross profit(or loss): 2,644 12,774
Administrative expenses: ( 19,323 ) ( 10,806 )
Other operating income: 16,403
Operating profit(or loss): (276) 1,968
Profit(or loss) before tax: (276) 1,968
Tax: ( 431 )
Profit(or loss) for the financial year: (276) 1,537

ELSC PRODUCTIONS CIC

Balance sheet

As at 30 June 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 815 900
Total fixed assets: 815 900
Current assets
Debtors: 4 188
Cash at bank and in hand: 22,239 18,416
Total current assets: 22,427 18,416
Creditors: amounts falling due within one year: 5 ( 7,527 ) ( 3,325 )
Net current assets (liabilities): 14,900 15,091
Total assets less current liabilities: 15,715 15,991
Total net assets (liabilities): 15,715 15,991
Members' funds
Profit and loss account: 15,715 15,991
Total members' funds: 15,715 15,991

The notes form part of these financial statements

ELSC PRODUCTIONS CIC

Balance sheet statements

For the year ending 30 June 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.

This report was approved by the board of directors on 27 March 2025
and signed on behalf of the board by:

Name: Samantha Sun
Status: Director

The notes form part of these financial statements

ELSC PRODUCTIONS CIC

Notes to the Financial Statements

for the Period Ended 30 June 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

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Donations are credited when received.

    Tangible fixed assets depreciation policy

    Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives: Plant & machinery 20% straight line.

ELSC PRODUCTIONS CIC

Notes to the Financial Statements

for the Period Ended 30 June 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 2 0

ELSC PRODUCTIONS CIC

Notes to the Financial Statements

for the Period Ended 30 June 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 July 2023 900 900
Additions 95 95
Disposals
Revaluations
Transfers
At 30 June 2024 995 995
Depreciation
At 1 July 2023 0 0
Charge for year 180 180
On disposals
Other adjustments
At 30 June 2024 180 180
Net book value
At 30 June 2024 815 815
At 30 June 2023 900 900

ELSC PRODUCTIONS CIC

Notes to the Financial Statements

for the Period Ended 30 June 2024

4. Debtors

2024 2023
£ £
Other debtors 188
Total 188

ELSC PRODUCTIONS CIC

Notes to the Financial Statements

for the Period Ended 30 June 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Taxation and social security 169 431
Accruals and deferred income 4,587
Other creditors 2,771 2,894
Total 7,527 3,325

ELSC PRODUCTIONS CIC

Notes to the Financial Statements

for the Period Ended 30 June 2024

6. Loans to directors

Name of director receiving advance or credit:
Description of the transaction:
Current account - no interest, payable at call
£
Balance at 30 June 2023 164
Advances or credits made: 41
Advances or credits repaid: 164
Balance at 30 June 2024 41

COMMUNITY INTEREST ANNUAL REPORT

ELSC PRODUCTIONS CIC

Company Number: 12666926 (England and Wales)

Year Ending: 30 June 2024

Company activities and impact

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.

Consultation with stakeholders

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.

Directors' remuneration

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.

Transfer of assets

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