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# PROGRESS INC CIC

## Company limited by guarantee

## Company Registration Number:
15690705 (England and Wales)

## Unaudited statutory accounts for the year ended 30 April 2025

## Period of accounts

## Start date: 29 April 2024

## End date: 30 April 2025

# PROGRESS INC CIC

## Contents of the Financial Statements

for the Period Ended 30 April 2025

Balance sheet |
Additional notes |
Balance sheet notes |
Community Interest Report |

# PROGRESS INC CIC

## Balance sheet

As at 30 April 2025

| Notes | 2025
--- | --- | ---
|  | £
Current assets
Cash at bank and in hand: |  | 316 |
Total current assets: |  | 316
Creditors: amounts falling due within one year: | 3 | ( 60 ) |
Net current assets (liabilities): |  | 256
Total assets less current liabilities: |  | 256
Total net assets (liabilities): |  | 256
Members' funds
Profit and loss account: |  | 256 |
Total members' funds: |  | 256

The notes form part of these financial statements

# PROGRESS INC CIC

## Balance sheet statements

For the year ending 30 April 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 16 January 2026
and signed on behalf of the board by:

Name: Owen Ward
Status: Director

The notes form part of these financial statements

# PROGRESS INC CIC

## Notes to the Financial Statements

for the Period Ended 30 April 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, net of discounts and value-added taxes. Turnover includes revenue from the provision of community acting workshops and is recognised at the point the service is delivered

# PROGRESS INC CIC

## Notes to the Financial Statements

for the Period Ended 30 April 2025

- ## 2. Employees

  | 2025
  --- | ---
  Average number of employees during the period | 4 |

# PROGRESS INC CIC

## Notes to the Financial Statements

for the Period Ended 30 April 2025

## 3. Creditors: amounts falling due within one year note

| 2025
--- | ---
| £
Taxation and social security | 60 |
Total | 60

# COMMUNITY INTEREST ANNUAL REPORT

### PROGRESS INC CIC

### Company Number: 15690705 (England and Wales)

### Year Ending: 30 April 2025

Company activities and impact

For the majority of the financial period (29 April 2024 to March 2025), the company remained dormant while the directors sought sustainable funding and developed the company's long-term strategy. In April 2025, we launched our community acting program with a dual focus: professional creative training and personal empowerment. We identified that the skills required for acting (such as active listening, emotional regulation, and presence) have profound benefits for mental health and everyday life. The community benefited through: Democratising Professional Expertise: Quality training led by professionals with current Film/TV experience is often inaccessible to those outside of full-time drama school. We removed this barrier by offering sessions led by active industry professionals, open to all ages and experience levels. Removing Barriers for Working Adults: Adults with career and family commitments often find professional training cost-prohibitive or time-incompatible. By providing affordable (£15) evening sessions with an "Open Door" policy, we enabled adults to pursue high-level creative development without the need for intimidating auditions or prior professional credits. Inclusion Across Generations: Our classes fostered a multi-generational creative environment. This allowed older participants to pivot into creative interests later in life, leveraging their lived experience in their performance work, which is often a barrier in traditional, youth-centric training environments. Confidence Building and Self-Esteem: Many participants joined with no intention of pursuing a professional acting career. Instead, they utilised the workshops to overcome social anxiety, improve public speaking, and build a sense of self-worth that carries over into their personal and professional lives. Building a Creative Network: Beyond technical skills, these workshops provided a hub for local people to connect, reducing social isolation and building a collaborative community of aspiring creatives in the Liverpool area.

Consultation with stakeholders

During our April 2024 workshops, we conducted informal group discussions and one-on-one sessions with our participants. We asked them what specifically brought them to Progress Inc CIC and what barriers they had faced in the past. Action the company has taken in response to feedback: Our consultation revealed two distinct but equally important needs within the community: Professional Aspirations: Stakeholders with a serious interest in the industry expressed frustration with the "gatekeeping" of professional training, such as high audition fees and the requirement for prior experience. Action taken: We committed to an "Open Door" policy, ensuring that high-level technical training remains accessible to anyone, regardless of their professional background or financial status. Personal Development & Wellbeing: Other stakeholders identified that they were attending primarily for a "confidence boost" and mental health support. They valued the transferable skills, like public speaking and emotional resilience, over a career in film/TV. Action taken: We recognise that our stakeholders have diverse motivations. While everyone receives the same level of training and support, we consciously reinforce how these professional techniques apply to "real-world" situations outside of acting. This approach ensures that those seeking a career in the arts receive the rigorous training they need, while those attending for personal growth understand how to apply those same elite skills to their everyday lives and mental well-being. By treating everyone as a professional, we foster an environment of mutual respect and high expectations for all.

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
16 January 2026

And signed on behalf of the board by:
Name: Owen Ward
Status: Director