PROP UP PROJECT CIC

Company limited by guarantee

Company Registration Number:
13595873 (England and Wales)

Unaudited statutory accounts for the year ended 30 September 2024

Period of accounts

Start date: 1 October 2023

End date: 30 September 2024

PROP UP PROJECT CIC

Contents of the Financial Statements

for the Period Ended 30 September 2024

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

PROP UP PROJECT CIC

Directors' report period ended 30 September 2024

The directors present their report with the financial statements of the company for the period ended 30 September 2024

Principal activities of the company

The principal activity of the company in the year under review was that of television programme production activities.



Directors

The directors shown below have held office during the whole of the period from
1 October 2023 to 30 September 2024

Ms K B Allan
Ms E L Chaplin
A J Chaplin
Ms C Muir


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
3 June 2025

And signed on behalf of the board by:
Name: Ms K B Allan
Status: Director

PROP UP PROJECT CIC

Profit And Loss Account

for the Period Ended 30 September 2024

2024 2023


£

£
Turnover: 72,694 53,688
Cost of sales: ( 7,644 ) ( 7,840 )
Gross profit(or loss): 65,050 45,848
Administrative expenses: ( 95,569 ) ( 65,067 )
Other operating income: 55,770 30,000
Operating profit(or loss): 25,251 10,781
Interest receivable and similar income: 287 177
Profit(or loss) before tax: 25,538 10,958
Tax: ( 4,915 ) ( 2,220 )
Profit(or loss) for the financial year: 20,623 8,738

PROP UP PROJECT CIC

Balance sheet

As at 30 September 2024

Notes 2024 2023


£

£
Fixed assets
Intangible assets: 3 3,500 4,700
Total fixed assets: 3,500 4,700
Current assets
Debtors: 4 3,142 1,165
Cash at bank and in hand: 28,468 27,952
Total current assets: 31,610 29,117
Prepayments and accrued income: 3,215 600
Creditors: amounts falling due within one year: 5 ( 8,679 ) ( 6,394 )
Net current assets (liabilities): 26,146 23,323
Total assets less current liabilities: 29,646 28,023
Creditors: amounts falling due after more than one year: 6 0 ( 19,000 )
Total net assets (liabilities): 29,646 9,023
Members' funds
Profit and loss account: 29,646 9,023
Total members' funds: 29,646 9,023

The notes form part of these financial statements

PROP UP PROJECT CIC

Balance sheet statements

For the year ending 30 September 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 3 June 2025
and signed on behalf of the board by:

Name: Ms K B Allan
Status: Director

The notes form part of these financial statements

PROP UP PROJECT CIC

Notes to the Financial Statements

for the Period Ended 30 September 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.

    Intangible fixed assets amortisation policy

    Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. Website is being amortised evenly over its estimated useful life of five years.

    Other accounting policies

    Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. Current or deferred taxation assets and liabilities are not discounted. Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

PROP UP PROJECT CIC

Notes to the Financial Statements

for the Period Ended 30 September 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 3 2

PROP UP PROJECT CIC

Notes to the Financial Statements

for the Period Ended 30 September 2024

3. Intangible assets

Goodwill Other Total
Cost £ £ £
At 1 October 2023 6,000 6,000
Additions
Disposals
Revaluations
Transfers
At 30 September 2024 6,000 6,000
Amortisation
At 1 October 2023 1,300 1,300
Charge for year 1,200 1,200
On disposals
Other adjustments
At 30 September 2024 2,500 2,500
Net book value
At 30 September 2024 3,500 3,500
At 30 September 2023 4,700 4,700

PROP UP PROJECT CIC

Notes to the Financial Statements

for the Period Ended 30 September 2024

4. Debtors

2024 2023
£ £
Trade debtors 1,977 0
Other debtors 1,165 1,165
Total 3,142 1,165

PROP UP PROJECT CIC

Notes to the Financial Statements

for the Period Ended 30 September 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 696 2,181
Taxation and social security 6,635 2,962
Accruals and deferred income 1,200 1,200
Other creditors 148 51
Total 8,679 6,394

PROP UP PROJECT CIC

Notes to the Financial Statements

for the Period Ended 30 September 2024

6. Creditors: amounts falling due after more than one year note

2024 2023
£ £
Other creditors 0 19,000
Total 0 19,000

PROP UP PROJECT CIC

Notes to the Financial Statements

for the Period Ended 30 September 2024

7. Loans to directors

Name of director receiving advance or credit: Ms E L Chaplin
Description of the transaction:
£871.40 is oustanding balance on director account at the year end 30th September 2024.
£
Balance at 30 September 2023 871
Advances or credits made:
Advances or credits repaid:
Balance at 30 September 2024 871

COMMUNITY INTEREST ANNUAL REPORT

PROP UP PROJECT CIC

Company Number: 13595873 (England and Wales)

Year Ending: 30 September 2024

Company activities and impact

This year Prop Up Project CIC has continued to provide a social and sustainable clearance solution for the TV and film industry. PropUp has worked with production companies and studios across the UK to donate thousands of items. From furniture and homeware to clothing and shoes, art supplies and stationery to toys and electricals – these items, that would have gone to waste, have gone to support those who need them. Almost 200 varying beneficiaries have been supported via PropUp, including schools, charities, community centres, theatres, housing support, reuse projects, etc. During a cost-of-living crisis and a climate emergency, PropUp has supplied individuals and organisations with items they cannot afford to buy themselves. Therefore, supporting the wellbeing and lives of so many, at the same time as avoiding unnecessary waste. As well as donations having a significant social impact on these groups, PropUp has also rehomed and resold many items back into the industry and to the public – encouraging a second life culture and a more circular economy. This year saw the launch of ITV ReLoved - a partnership with ITV and eBay to rehome props and costumes from ITV shows, offering the general public and fans the chance to purchase items from their favourite shows.

Consultation with stakeholders

The company’s stakeholders include: Industry customers (i.e. production companies and broadcasters) who pay for our service to rehome, resell and recycle their unwanted items after a production – we provide them with a report to show them where their items have gone and the work that’s been done. We also have a partnership with ITV to sell their props and costumes on eBay. Charities and community groups – we check in with our beneficiaries and request feedback and information about how the donations have supported them and respond accordingly if there are any issues. The general public – those who attend sales and events – we communicate with them via social media and online and receive feedback via these channels. Employees and Volunteers – we are organised and thorough in our communication and have regular catch ups with our employees (when we have them) to check in on any feedback or issues they may have. Third party suppliers – we work with suppliers including transport, recycling companies, our office space etc. Grant givers – for any grants we have received, we provide a clear description of where money has gone and how it has helped. All feedback this year from our stakeholders has been positive. Any general queries have been dealt with and responded to professionally.

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
3 June 2025

And signed on behalf of the board by:
Name: Kate Allan
Status: Director