for the Period Ended 31 October 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 31 October 2024
Principal activities of the company
Directors
The directors shown below have held office during the whole of the period from
1 November 2023
to
31 October 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 | |
---|---|---|
|
£ |
£ |
Turnover: |
|
|
Cost of sales: |
(
|
(
|
Gross profit(or loss): |
( |
|
Distribution costs: |
|
|
Administrative expenses: |
(
|
(
|
Operating profit(or loss): |
( |
|
Interest receivable and similar income: |
|
|
Interest payable and similar charges: |
|
|
Profit(or loss) before tax: |
( |
|
Tax: |
|
|
Profit(or loss) for the financial year: |
( |
|
As at
Notes | 2024 | 2023 | |
---|---|---|---|
|
£ |
£ |
|
Called up share capital not paid: |
|
|
|
Fixed assets | |||
Intangible assets: |
|
|
|
Tangible assets: |
|
|
|
Investments: |
|
|
|
Total fixed assets: |
|
|
|
Current assets | |||
Cash at bank and in hand: |
|
|
|
Total current assets: |
|
|
|
Creditors: amounts falling due within one year: | 3 |
(
|
(
|
Net current assets (liabilities): |
|
|
|
Total assets less current liabilities: |
|
|
|
Total net assets (liabilities): |
|
|
|
Capital and reserves | |||
Called up share capital: |
|
|
|
Total Shareholders' funds: |
|
|
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 31 October 2024
Basis of measurement and preparation
for the Period Ended 31 October 2024
2024 | 2023 | |
---|---|---|
Average number of employees during the period |
|
|
for the Period Ended 31 October 2024
2024 | 2023 | |
---|---|---|
£ | £ | |
Other creditors |
|
|
Total |
|
|
From October 2023, we have worked on providing support for emerging artists in their professional development. To do so, we have started to create an online library containing videos and online resources that are free to access and available to all. We wanted to bridge the knowledge gap for emerging artists coming from diverse backgrounds who might not know how to navigate the industry. We have also created ‘Next Take’ - a short film series but also a development project for emerging actors. We acknowledge it can be difficult to navigate the industry and that it can be even harder to get to experiment with roles so we created ‘Next Take’. It is a short film where a chosen actor is doing a self tape for an audition. The script is developed with the chosen actor. The goal is to let them experiment with a genre or a role they have not had at this point. It is also to allow actors to break from the bias that still exists in the industry and showcase them in the way they want to be seen. We have also included some headshot services - free of charge and mentoring so the emerging actor can walk away with some material for their showreel and with some industry standard headshots. The first episode came out mid 2024. We have also mentored new writers to help them develop plays with the intent of putting them on. From October 2023 to October 2024, we especially focused on Laura Walker who was working on a future Fringe Show. One of our directors, Fin Ross Russell, spent some time helping them not only with the development of the play but also with the logistical aspects of the Fringe. At the time, we also mentored Emery Schafer, another young emerging writer, who was keen to bring her play to the Fringe. We helped with navigating them through the requirements of a Fringe show and supported them through their funding applications. For Island Life Productions, this year was about accessible information to all emerging artists, no matter their location, while also providing local Edinburgh-based emerging artists with bespoke support so they could build sustainable creative careers.
Directors - Finlay Ross Russell, Melanie Toutakova, Phillip Carter, Chris Grady, Allegra Nespoli, Betina Van Meter. The directors have attended regular board meetings throughout the year in addition to having reviewed the contents of this document and approved them. Before running any project, we have done a feasibility questionnaire approved by the board which allowed us to focus on our core mission of helping emerging artists take the next step in their creative careers.
No remuneration was received
No transfer of assets other than for full consideration
This report was approved by the board of directors on
16 June 2025
And signed on behalf of the board by:
Name: Philip Carter
Status: Director