ELEVATOR ARTS CIC

Company limited by guarantee

Company Registration Number:
12467300 (England and Wales)

Unaudited statutory accounts for the year ended 28 February 2025

Period of accounts

Start date: 1 March 2024

End date: 28 February 2025

ELEVATOR ARTS CIC

Contents of the Financial Statements

for the Period Ended 28 February 2025

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

ELEVATOR ARTS CIC

Directors' report period ended 28 February 2025

The directors present their report with the financial statements of the company for the period ended 28 February 2025

Directors

The directors shown below have held office during the whole of the period from
1 March 2024 to 28 February 2025

Alison Caroline Amy Garner
Michelle Lisa Barrington
Eleanore Frances Fionnah Mccann


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
16 June 2025

And signed on behalf of the board by:
Name: Alison Caroline Amy Garner
Status: Director

ELEVATOR ARTS CIC

Profit And Loss Account

for the Period Ended 28 February 2025

2025 2024


£

£
Turnover: 82,075 66,744
Cost of sales: ( 20,520 ) ( 17,311 )
Gross profit(or loss): 61,555 49,433
Administrative expenses: ( 55,403 ) ( 40,062 )
Operating profit(or loss): 6,152 9,371
Interest receivable and similar income: 632 179
Profit(or loss) before tax: 6,784 9,550
Tax: ( 1,289 ) ( 1,810 )
Profit(or loss) for the financial year: 5,495 7,740

ELEVATOR ARTS CIC

Balance sheet

As at 28 February 2025

Notes 2025 2024


£

£
Fixed assets
Tangible assets: 3 294 580
Total fixed assets: 294 580
Current assets
Debtors: 4 525 2,493
Cash at bank and in hand: 69,757 29,567
Total current assets: 70,282 32,060
Prepayments and accrued income: 184 127
Creditors: amounts falling due within one year: 5 ( 2,966 ) ( 2,738 )
Net current assets (liabilities): 67,500 29,449
Total assets less current liabilities: 67,794 30,029
Provision for liabilities: ( 56 ) ( 110 )
Accruals and deferred income: ( 58,356 ) ( 26,032 )
Total net assets (liabilities): 9,382 3,887
Members' funds
Profit and loss account: 9,382 3,887
Total members' funds: 9,382 3,887

The notes form part of these financial statements

ELEVATOR ARTS CIC

Balance sheet statements

For the year ending 28 February 2025 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 16 June 2025
and signed on behalf of the board by:

Name: Alison Caroline Amy Garner
Status: Director

The notes form part of these financial statements

ELEVATOR ARTS CIC

Notes to the Financial Statements

for the Period Ended 28 February 2025

  • 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 for goods supplied, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

    Tangible fixed assets depreciation policy

    Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount. Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows: Office equipment: Straight line over 3 years IMPAIRMENT A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

    Valuation information and policy

    BASIS OF PREPARATION The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain assets. The financial statements are prepared in sterling, which is the functional currency of the company.

    Other accounting policies

    DEFERRED TAX Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured on an undiscounted basis at the tax rates that would apply in the periods in which timing differences are expected to reverse, based on tax rates and laws enacted at the statement of financial position date. LIMITED BY GUARANTEE The company is limited by guarantee and has no share capital. Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.

ELEVATOR ARTS CIC

Notes to the Financial Statements

for the Period Ended 28 February 2025

  • 2. Employees

    2025 2024
    Average number of employees during the period 3 3

ELEVATOR ARTS CIC

Notes to the Financial Statements

for the Period Ended 28 February 2025

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 March 2024 865 865
Additions
Disposals
Revaluations
Transfers
At 28 February 2025 865 865
Depreciation
At 1 March 2024 285 285
Charge for year 286 286
On disposals
Other adjustments
At 28 February 2025 571 571
Net book value
At 28 February 2025 294 294
At 29 February 2024 580 580

ELEVATOR ARTS CIC

Notes to the Financial Statements

for the Period Ended 28 February 2025

4. Debtors

2025 2024
£ £
Trade debtors 2,493
Other debtors 525
Total 525 2,493

ELEVATOR ARTS CIC

Notes to the Financial Statements

for the Period Ended 28 February 2025

5. Creditors: amounts falling due within one year note

2025 2024
£ £
Trade creditors 41
Taxation and social security 1,936 1,398
Other creditors 989 1,340
Total 2,966 2,738

COMMUNITY INTEREST ANNUAL REPORT

ELEVATOR ARTS CIC

Company Number: 12467300 (England and Wales)

Year Ending: 28 February 2025

Company activities and impact

In 2024, Elevator Arts continued to make a significant difference in the lives of young people across south Essex. Our diverse projects have offered creative spaces where participants can express themselves, build confidence and tackle emotional challenges. We have seen the continued success and growth of our projects, including BLAST Youth Theatre, Sound ON and Activate, which have made a tangible impact on the lives of the children and young people we serve. Additionally, our work in schools, including after-school clubs and intervention projects, have nurtured a passion for learning and creativity, providing students with the tools and skills they need to succeed both inside and outside the classroom. Elevator Arts remains committed to providing accessible, high-quality arts experiences that address the unique needs of our community, particularly for those experiencing disadvantage or challenging circumstances. Our projects continue to be supported by dedicated funders, partners, and, most importantly, the passionate individuals who bring them to life. Since February 2024 we have worked with 79 children & young people & delivered 131 hours of workshops. *28% of participants had a disability or long-term health condition. *24% of participants have English as an additional language. *31% of participants' ethnicity was Black, Asian or another ethnic minority. In 2024, Elevator Arts key partners included: Welcome To The UK, Signpost (Basildon), Southend Virtual School, Towngate Theatre, Metal (Southend), Southend Theatres, South Essex College, Mercury Theatre, Labyrinth House Family Centre, Southend Virtual School, Friars Primary School, Southchurch High School, Platform Theatre Arts CIC, Steps Ahead at The Hive & South Essex Homes. Key funders included: The National Lottery through Arts Council England, The National Lottery Community Fund, Postcode Places Trust, Arts Award Access Fund, Coop Community Fund, Fowler, Smith & Jones Trust, Norman Garon Trust, Rosca Trust, Southend Community Investment Board Basildon Borough Council, Tesco Stronger Starts, Southend Education Board & Jerome Booth Foundation through Essex Community Foundation. *CREATIVE ROUTES* Creative Routes, launched by Elevator Arts in 2024 with funding from the National Lottery through Arts Council England, is a strategic initiative to strengthen the organisation’s capacity, refine methodologies, and enhance marketing. It focuses on upskilling the creative team, fostering collaboration in the youth arts sector, increasing engagement with schools, and developing sustainable income streams. Building on past successes, Creative Routes advances inclusivity, diversity, and community impact in Essex’s youth arts scene. *BLAST YOUTH THEATRE* BLAST Youth Theatre, launched in 2021 in collaboration with Welcome To The UK, supports children aged 8 to 12, particularly those with English as an additional language, through drama-based activities that enhance language skills, confidence, and wellbeing. Expanding to Basildon in 2024 with Signpost and Towngate Theatre, BLAST offers free weekly sessions to further its impact. In 2025, the initiative will launch Ripple Effect, a National Lottery-funded project empowering young people in Southend and Basildon to share their stories and strengthen their communities. *LABOUR OF LOVE* Labour of Love was a community quilt project celebrating motherhood through creativity and connection. Engaging around 30 mothers with newborns and young babies across Southend, the project brought women together through quilting and conversation, using reclaimed fabrics to create a quilt embroidered with their experiences. Symbolising solidarity and support, the quilt served as a reminder that no mother is alone. The project culminated in an unveiling event at Chalkwell Hall, hosted by Metal Southend, highlighting the beauty and resilience of motherhood. *ACTIVATE* Activate was a specialist drama intervention project in spring 2024, delivered in collaboration with Southend Virtual School for Looked After and Previously Looked After Children. Working with pupils from Friars Primary and Southchurch High School, the project used drama games, improvisation, and creative activities to boost confidence, well-being, and self-expression. Youth-led and responsive to participants' needs, Activate highlighted the power of creative interventions in supporting mental health and building emotional resilience among vulnerable young people. *TEMPEST* Tempest was a six-day outdoor drama project in summer 2024, delivered in partnership with Platform Theatre Arts at Hive Nature School in Southend-On-Sea. Young participants worked with theatre professionals to create an immersive, site-specific adaptation of Shakespeare’s The Tempest, integrating puppetry, soundscapes, and the natural environment. Showcasing the power of collaborative art, Tempest provided a creative, confidence-building experience that reimagined classic literature in an innovative and inclusive way. *SOUND ON* Relaunched in September 2024, Sound ON is a creative initiative for children in South Essex Homes' temporary accommodation, funded by the National Lottery Community Fund until July 2026. Offering weekly after-school sessions for ages 6 and up, the project fosters confidence, communication, and emotional well-being through drama, crafts, and creative writing. In its first term, Sound ON explored superhero themes, helping children discover their "superpowers" like kindness and resilience. Led by professional artists, the sessions provide a safe, inclusive space for creative expression and personal growth, reinforcing Elevator Arts' commitment to supporting vulnerable young people. *SCHOOLS PROGRAMME* In 2024, Elevator Arts expanded its schools programme, collaborating with Southend schools to deliver tailored drama interventions that enhance communication, social skills, confidence, and emotional resilience. Schools can book a free introductory session, after which Elevator Arts works with teachers to design bespoke projects that align with their needs and budgets. These projects range from one-off workshops to term-long programmes, using creative approaches to inspire learning and personal growth.

Consultation with stakeholders

Elevator Arts’ stakeholders are community organisations, the young people that use their services & grant funding bodies. The company is run by youth arts professionals embedded in the Southend community. We take a community & young people centred approach to decision making, tailoring performance & arts projects to their needs. We involve the community through: * Designing the projects alongside our community partners and artists. * Regular conversations with the young people we work with - gaining feedback & insights to drive the ideas for the projects. * Taster sessions & opportunities to meet with young people – building trust & gaining an understanding of their needs & interests - empowering them to have their say on the projects we develop. We carry out full monitoring & evaluation of all our projects including surveys, reflective conversations & recording feedback from participants, artists, community organisation’s staff & family members which are all fed back into the development of future projects. PROJECT FEEDBACK: TEACHER: "All the children were excited to take part and knew they could express their emotions in the safe space created." TEACHER: “The facilitators were positive, inclusive and encouraged self-belief.” PUPIL: “Taking part made me feel happy & listened to. I enjoyed making the artwork.” BLAST YOUTH THEATRE MEMBER: "I like it because we have fun, make new friends and it gets all my nerves out." BLAST YOUTH THEATRE AUDIENCE MEMBER: ‘Loved the humour and diversity in the performance. As K’s class teacher, I can see the impact this group is having on her confidence in school” CREATIVE ROUTES PARTICIPANT: “The discussion and exercises allowed me to reflect and develop my own thinking and practice.” TEMPEST PARTICIPANT: “I enjoyed acting with my friends because it put me out of my comfort zone.” PARENT: “My child has made friends. She has been introduced to a whole new world which she has immersed herself in. Leaders have been inspiring and encouraging. What a wonderful lifelong memory!” Over the next year we have projects in development in partnership with: Southend Museums, Southend Library Service, local schools & continuing our work with Welcome To The UK, Signpost, Towngate Theatre & South Essex Homes. As we move into 2025, we look forward to expanding our reach and continuing to use the arts as a powerful tool for social change, personal growth and community empowerment

Directors' remuneration

Please see in accounts under ‘Directors’ Remuneration’. 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
24 March 2025

And signed on behalf of the board by:
Name: Alison Caroline Amy Garner
Status: Director