REGISTERED COMPANY NUMBER: 05317309 (England and Wales) REGISTERED CHARifi NUMBER: 1108213 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL sfATEMEMrs FOR THE YEAR ENDED 31 MARCH 2024 FOR STAGE 2 YOUTH THEATRE COMPANY J W Hlnk5 LLP Chartered Accountants 19 Highfield Road Edgbaston Birmlngham West Mldlands B15 3BH
STAGE 2 YoufH THEATRE COMPANY copirEpifs OF THE FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Report of the Trustees I to 6 Independent Examlner's Report Statement of Flnanclal Actlvltles Balance Sheet 9 to 10 Notes to the Flnanclal Ststements 11 to 19
STAGE 2 YOUTH THEATRE COMPANY {REGisfERED NUMBER: 05317309) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 The trustees who are also direttor5 of the charity for the purpose5 of the Companie5 Act 2006, present thelr report with the financial Statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of Accountlng and Reportln8 by Charities: Statement of Recommended Prattlce applicable to charities preparlng their accounts In accordance wlth the Financlal Reporting Stsndard appllcable in the UK and Republlc of Ireland IFRS 1021 leffectlve l January 2019}. OBJEcnvE5 AND ACTIVITIES Objertives and Artlvities The charltable company's object Is to promote, Improve, develop and malntaln public education and the appreciation of theatre and drama in all Its aspects by, but not limited to: a) the preparatlon and presentatlon of theatre and muslc theatre performances by young people,. and bl the provlsion of workshops in theatre and drama skllls and related areas. The trustees have referred to the guldance contalned in the Charlty Commlsslon's 8eneral guldance on publlc beneflt when reviewlng the charitable company's aims and objectlves and In plarnnlng future actlvltles. In particularlyi the trustees have consldered how planned actlvltles wlll contrIbe to the alms and oblectlve5 set. Pa8e I
STAGE 2 YOUTH THEATRE COMPANY {REGISTERED NUMBER: 053173091 REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 OBJEcfivES AND A1VITIES Review of artivitles Introductlon At the be8innlng of this financial year, we had just flnlshed a successful Spring Term, offering Musical Theatre, Physical Theatre, General Drama and Stagel. We headed Into this financial year approaching the one-year anniversary of our being at Queensbridge School, which has been a professional and consistent venue for our Sunday sessions, and a partnershlp we look forward to nurturing more. Movin8 on from the rapid growth seen last financial year, this year we have settled at a conslstent membership, and have focused on maintsining retention and relntroduclng consistency and Stage2 traditions. Thls has meant fewer new events, but repeating ones members love and creating a routine. such as Words and Music In Autumn, Big Family Quiz in Sprin& and of course, everyone's favourlte Movie Ni8ht. In the middle of the year, we employed two new freelance members of staff, Frankle Power and Tom McMi15an who took over runnlng Stagel and General Drama brilliantly. The Young Leaders Scheme contlnued to run, introducing a team of 13 young people to help run the company both In and outside of Sunday hearSalS, as well as receiving formal trainlng In various categories such as Safe8uardln& first aid and more. It contlnued to be peer led with members taklng on the roles of Manager and Assistant Manager. Stage2s Artistic Director,, Rosie Nlsbet contlnued to work hard alongslde all staff lincludin8 our Founder. Llz LlghL as our Company Administrator), the members and the Board to retaln Stage2's core value5 and ethos, balancin8 keepln8 thlngs fresh and up to date with modern arts practices, whilst achlevlng stablllty and con515tency. At the end of this financlal year, Rosle Nlsbet announced her departure from Stage2 In order to focus on her full time lob as a Lecturer in Performing Arts and pursulng professional directinglacting contract5. Her contributions to growth and development have been immeasurable, and we are sad to see her go. Th15 however, comes hand In hand wlth the excltlng news that we wlll 8aln a new Projects and Performance Manager, who, alon8slde Uz Light and the Board, wlll continue to execute Stage2'5 goal of healthy growth, stability and inclusivlty. We are extremely proud to malntain our commitment to equality and diversity,. well over half of our membershlp have a specific need/protected characteristics and reflect 8irmlngham'5 proud multl-cultural herltage. Summer Term 2023 The Summer Term of 2023 marked one year slnce Sta8e2 arrived at Queensbrldge School, whose facllltles continued to serve us and our 97 members well. Sesslons included the tradltlonal optlons of Stagel and General Drama, and also the rehearsals for Lord of the Flies ILOTFI, markSn8 Stage2's return to the Crescent Theatre Main House sta8e. Morning sesslons were elther Stagel ran by Becca Evans, or all cast, crew + chorus rehearsals for Lord of the Flies. The fternoon se55ions were cast only rehearsals for LOTF, or General Drama wlth Becca Evan5. R05ie Nisbet undertook her role of directlng a maln house production for the flrst time, as nearly all of the cohort prepared for their first tlme in a productlon th15 large. The themes of the production were nlcely complimented by a Trlbal Dance masterclass with Rose Gordon, and the excitement of the term was upheld with other new opportunities such as applicatlons ft)r the new Young Leader5 team, fundra15ing for an Edlnburgh Fringe residential, advertisements for new workshops practltloners, and classic events such as Distribution Day, Movie Night and Showcase Evening. It was an Incredlbly rewarding term for 05d members and staff, who had navigated the Impact of the pandemlc with Stage2. and an excitin8 time for all. Lord of the Flies received a 5 star review from Behlnd the Arras, and Rosie Nlsbet was awarded the Brodribb Cup for Best Dlrectlon in a Full Length Play from the BDTG Awards. A widely successful return to the Main House stage provided a landmark moment for Sta8e2'5 regrowth, and helped look to a future of stability and opportunlty. Page 2
STAGE 2 YOUTH ThEATRE COMPANY (REGISTERED NUMBER: 05317309) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 08JECTIVES AND A1VITIEs Summer Schools 2023 Before the 2023 Summer Schools began, this summer also marked Stage2'5 return to the Edinburgh Frlnge Festival. Artistic Director Rosie Nisbet and freelance staff member Becca Evans took 8 of our 16+ members to Edlnburgh for week to visit the famous Fringe Festival. They were given many opportunlties throughout the year, including Jumble sales and bake sales to fundraise for their trip. In partnership with C Venues, Stage2 leafletted for 3 hours a day in exchange for free passes to all shows. It was a hu8e success, the members had the most excitlng tlme seeing over 30 shows each, and recelved many compliments from C Venues on their efficiency, pollteness and professlonalism, The Summer Schools conslsted of five days (Monday to Frldayl, runnlng from 10am tlll 5pm each day. There were two options, one being the devlslng summer school whlch saw Nisbet hand over creatlve Ilcence to the members, In preparation for the Autumn Term production l AM.... and the other a 'plck and mix, week with a dlfferent focus each day, run by a different industry professional. The summer schools were a huge succe55, attracting 42 partlcipants across both options. Rosle Ni5bet's summer sch¢)ol saw members age from 10 - 18 discusslng the theme of identlty, generatlng Idea5 of what Identity means to them. It w35 an Incredibly rewardln8 experlence for all Involved, unpacking the experiences of belng Sncludlng, LGBTQ+, neurodiver8ent, people of colour, and so much more. The final day involved auditlons for the productlon, before flve young writers all took devised Ideas from the week and pieced it together to write l AM.... The 'pick and mix, summer schoo15 were equally a succe55, wlth members old and brand-new thrivin8 In a Jam-packed week of playin& movln& slngin& maklng and actlng. The buzz and energy of both optlons respectlvely compllmented each other well, and as the two sessions ran alon8slde one another, the whole cohort shared breaks: creatln g a hugely posltlve atmosphere that offered nlce prospects for Stage2's year ahead. Autumn Term 2023 We worked incredibly hard over the Summer to recrult new members for the Autumn Term, includlng malntaining people who had lolned durlng the August Summer Schoo15. The term finally settled on 97 members, including twelve young people maklng up a new team of Young Leaders. Joel Flemin8 was Manager, wlth Lauren Brlne belng promoted to Assistant Manager, overseeing the team of Young Leaders and the hugely posltlve support system they provlde both in and out of Sundays. Durin8 this term, Sta8e2 ran three optlons: Stagel, General Drama and rehearsals for l AM. Stage l and General Drama are both long-standlng Stage2 Workshop5, and were no dlfferent thls term. After saying goodbye to Olivia Grant Bryson and Becca Evans, we welcomed two new members of staff, Frankle Power and Tom Mcmillan. Frankle became the practitioner for Stage2'5 7-10 year old option, Stagel, whllst Tom became the new General Drama tutor. Both options were flexlble and engaging sessions that allowed for the development of core drama skills, In additlon to onfidence buildlng and fun. Both optlons performed a collection of thelr work at the end of term to parents. The thlrd optlon was rehearsals for l AM Created In the summer schools, thSs production was hugely personal to the whole CaSL whose Ideas and contrlbutlons were the foundation of the scrlpt. The script Itself had been written by a team of five young wrlters also in the show, and it followed the themes of Identlty, and what St means to be a young person today. The show included cast and chorus rehearsals In the mornlng, Wlth only cast required In the afternoon. Agaln, this show was a huge succe55. recelvlng a 5 star revlew from Behind the Arras, and member5 Krrlsh Mehta and Evie Mumford being awarded a special Achlevement by the BDTG Award5 for thelr performance5. Whilst a few members were worried a studlo devised show would be a step back after performing a classlc In the Main House. this was far from the case. l AM was a ra8ing Success, and most importantly, promoted a new level of respect, love and community between all members involved. Thls term was a wonderful balance of stablllty and growth, with classic workshops and events such as the Word5 and Music providing continulty, whilst keeping thlng5 fresh with new challenges and a modern and relevant produrtlon. We a150 ran auditions for next summer's production of A Mldsummer Nlght's Dream as cast and core crew will begln rehearsing and scrlpt work In the Spring Term. Page 3
STAGE 2 YOUTH THEATRE COMPANY (REGISTERED NUMBER: 05317309) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 OBJEcfivES AND ACTivmES SpringTerm 2024 After the success of the Autumn Term, we were keen to keep our members and continue with what we know they love. We managed to enrol 96 members this term, runnlng four completely different options, with Rosie running Musical Theatre and A Midsummer Ni8ht's Dream alongside Stage l and General Drama. Stage I continued as a mix of fun, 8ames and drama, whilst General Drama became 'Creating Comedy,, offering a slightly more focused version of General Drama making it suitable for brand new people and older member allke. Each had Workshop Assistants, a combination of Young Leaders and older members. They were hugely successful. and recelved such amazin8 feedback at the end of term sharing5. The skills workshops led by Rosie wa5 Muslcal Theatre in the momings. brought back by popular demand after the success of last Sprlng's session. It was filled with enthuslasm and passion Including a focus of a different muslcal each week, which were voted for by the members. Assistants In all options ran warm up5 and various artivitles. partlcularly prevalent In muslcal theatre. as assistants took charge one week. teaching thelr own harmonles and choreo8raphy to the cohort. Both workshop5 ended in showcasing their work at the Sharings, moving and beautlful performance from all Inv olved. recelvln8 hi8h praise from all the audlence that attended, The afternoon option run by Rosle Nlsbet was rehearsals with A Midsummer Nlght's Dream cast and core tech crew. In order to match the goal set out of stabllity and make the process as smooth as possible, Rosie began rehear5a15 in the Spring in order to allow for the tlme to properly get to grips with Shakespeare and have key tlrne to focus on principals. Thls was a highly produttive and posltive option, and Instllled confidence and excltement In the whole cohort ahead of introduclng chorus and minor cast in the Summer. This term, artistlc dlrettor Rosle Nisbet also announced her departure from Stage2 scheduled for the end of the Summer Term, Thls sad new5 15 qulckly uplifted by the exciting prospects of Stage2's future as we look forward to meeting a new member of staff. who will undertake the new role of Projects and Performances Manager, compllmented by Liz Light's movlng back up to General Manager. Together they wlll work with the Board and continue Stage2'5 tralectory of stablllty and growth. In this term, we contlnued with our beloved events, Including the Big Famlly Qulz entirely organlsed by the Young Leaders, and the Showcase Evening in the Studlo Theatre at the Crescent. The second set of audltlons and intervlews were conducted to cast the cohort of A Midsummer NIBht's Dream lolnlng rehearsals In the Summer Term, as well as advertlsements for the new Prolects and Performances Manager. It was a term of fun and excitin8 ordeals, and rellshed in the supportive and positive atmosphere Stage2 creat es. LAMDA Stage2 continued to provlde L4MDA Tuition to members throughout the year, reaching around 20 pupils each term, with interest in all discipllnes Increasing over the tlme perlod. In the Summer Term 2023, lessons continued to be taught face to face, Including pupils performln8 at the Showcase Evenlng In the Crescent Maln House Theatre. Thelr Incredible work was awarded a stsnding ovation from the audlence. Exams continued to be held at the new Public Centre for Birmingham at Edgbaston Hlgh School. Stage2 staff continue to have a good relationshlp wlth the centre staff at the venue, belng conslstently provlded wlth a designated warm up area for members before exams. Throughout the year, we have entered pupils, both solo and duos in a varlety of discipllnes (Actln& Devisin& Musical Theatre and Shakespeare), going rl8ht through from Grade I to Grade 8. Every sln8le one of our members achieved a Merit or Distinction In their exams. We have had a mix of members taking the exarns. rangln8 from those who have been at Stage2 for 8+ years, to those who have only Just Joined us. We will be contlnuln8 to offer a range of LAMDA disclplines to our members and encourage them to take these as a chance to gain additional accredited quallficatlons. Page 4
STAGE 2 YOUTH THEATRE COMPANY (REGISTERED NUMBER: 05317309) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 FINANCIAL REVIEW Reserves policy It IS ty)licy of the trustees to reduce unrestrltted reserves to a mlnlmum of around 3 month5 of operatlon and to maintain them at this level. Flnanclal Revlew The Statement of Flnancial Activities for the year ended 31 March 2024 shows Incomin8 resources totallin8 £115.658 12023,. £96,987) and resources expended totalling £116,547 12023: £93,905), generatin8 net outgolng resources of £88912023: net incoming resources of £3,082). The charlty's balance sheet Is recording total net assets of £34,675 as at 31 March 202412023,, £35,564). LOOKING AHEAD Now that Stage2 has achleved so many of its goals, including a Maln House produttlon and Edlnburgh Fringe, it looks forward to nurturlng newfound tradltlons and focusing on stabillty. Productlons are such an Important part of Stage2's identlty, and our members really love to be a part of these. Following the success of all shows, the next productlon wlll be Wllllam Shakespeare's A Mldsummer Nl8ht's Dream in the Main House. Sta8e2's return to the Main House wlth a Shakespeare, followin8 Hamlet In 2015, is a huge landmark in Sts success, and wlth the members, enthuslasm and R05ie's talented dlrection, it I s set to be a success. As well as the show, Sta8e2 members will also contlnue to have the optlon to do General or Stage l every term. The Summer Term wlll see General Drama take the fomi of 'Devlsing Drama,, and Stagel wlth fun and drama, tau8ht uslng adaptlve and differentlated teaching technlques to cater to all ages and experiences, We are hoping to have around 100 member5 enrolled for our Summer Term, whilst understandlng a larger Increase In members is not expected due to it belng an exam term for GCSES and A levels. The Summer Term wlll continue to run at Queensbrldge School. Other endeavours we look forward to are the new and excitlng opportunities our Projects and Performances Manager land Liz Ughtl will Implement and brlng to the table, and they will be present in the Summer Term and rehearsals a5 soon as posslble to provlde a smooth hand over. Now Stage2 Is secure and stable wlthin itself. we also look forward to conductln8 numerous outreach projects, and building relationshlps with a wlder community. Our current relationshlp wlth Queensbrid8e School Is very stron& and we look forward to more opportunities In collaboratlng wlth them. Thls flnanclal year has found the balance of providing members with excltlng and fresh opportunities, whllst prlorltlsin8 findin8 Stability and settlln8 Into contlnuity. We look forward to these values being contlnued in the coming year. Lauren Brlne, Young Leader STRucfuRE. GOVERNANCE AND MANAGEMENT Governln8 document Stage 2 Youth Theatre Company 15 constltuted under a Memorandum and Artlcles of Association. The charitable company was Incorporated on 20 December 2(NN as a company limited by 8uarantee and not having a share capltal and was registered a5 a charity on 21 February 2005. REFERENCE ANO ADMINISTRATIVE DETAILS Reglstered Company number 05317309 {England and Wales) Reglstered Charlty number 1108213 Page 5
STAGE 2 YOUTH THEATRE COMPANY (REGISTERED NUMBER: 05317309 REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 Registered offlce 12 Valentine Road Kings Heath Birmingham West Midlands B14 7AN Trustees BNott P Par*er-Duber (resigned 5.10.231 E-J Tucker R Jones-owen J Francis S Hegarty B Mlller Iresl8ned 12.6.24) R Gordon Independent Examlner James Cruse ACA, FCC4, Bsc (Econl Hons J W Hlnks LLP Chartered Accountants 19 Highfield Road Edgbaston Birmlngham West Mldlands B15 3BH Bankers HSBC 96 High Street Klngs Heath Blrmingham B14 7LD Prlnclpal officers R Nlsbet- Artistic Director E Light- Company Admlnlstrator Approved by order of the board of trustees on ,... and sl8ned on Its behalf by: R Jones-owen rustee Page 6
INDEPENDENT EXAMINER'S REPORT TO THE TRusfEES OF STAGE 2 YOUTH THEATRE COMPANY Independent examlner's report to the trustees of Stage 2 yOh Theatre Company I'the Company'l I reporttothe charity trustee5 on my examination of the accounts ofthe Company forthe year ended 31 March 2024. Responsibilities and basls of report As the charity's trustees of the Company land also its dlrectors for the purposes of company lawl you are responsible forthe preparation of the accounts in accordance with the requirements of the Companies Act 20061'the 2006 Act'l. Havlng satisfied myself that the accounts of the Company are not required to be audlted under Part 16 of the 2006 Act and are ellgible for independent examinatlon. I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 I'the 2011 Act'l. In carrying out my examination I have followed the Directlons given by the Charlty Commission under Section 145(S1 Ibl of the 2011 Act. Independent examlner's statement I have completed my examination. I confirm that no matters have come to my attentlon In connectlon wlth the examination givin8 me cause to believe: accountlng records were not kept in respect of the Company as requlred by Sectlon 386 of the 2006 Act; or the accounts do not accord wlth those record5; or the accounts do not comply wlth the accounting requlrements of Sectlon 396 of the 2006 Act other than anv requlrement that the accounts glve a true and falr vlew which Is not a matter con51dered as part of an independent examinatlon,, or the accounts have not been prepared in accordance wlth the methods and princlples of the Statement of Recommended Practice for accountlng and reporting by charltle5 lappllcable to charlties preparin8 thelr accounts In accordance with the Financlal Reportlng Stsndard applicable in the UK and Republic of Ireland IFRS 10211. I have no concern5 and have come across no other matters In connection with the examinatlon to whlch attentlon should be drawn In this report in order to enable a proper understandlng of the accounts to be reached. James Cruse ACA, FCCA, BSC IE¢onl Hons J W Hlnks LLP Chartered Accountants 19 Highfleld Road Edgbaston Blrmingham West Midlands B15 3BH Date:....... Page 7
srAGE 2 YoufH THEATRE COMPANY STATEMENT OF FINANCIAL AcfiviTIES FOR THE YEAR ENDED 31 MARCH 2024 2024 Totsl tunds 2023 Total funds Unrestricted funds Restrirted funds Notes INCOME AND ENDOWMENTS FROM Donations and 5egacies 19.751 21,793 15,786 Charitable activitles Charitable activities 7669 76,869 67,415 Other tradlng actlvlties Investment Income 16,837 159 16,837 159 13,751 35 Total 95,907 19,751 115,658 96,987 EXPENDITURE ON Charltsble actlvltles Salary costs Room and theatre hlre Activltles and other productlon costs Subsidy Overhead costs 44A90 17.916 I821 44.890 17,916 33,687 9,965 10,089 36,824 14,404 26,199 10,453 6,025 4,866 9,965 3,500 6,589 Totsl 98,216 18,331 116,547 93.905 NEf INCOMEI(EXPENDITUREI 12,309) 1,420 {889) 3,082 RECONCILIATION OF FUNDS Total funds brought forward 24P77 IIA87 35,564 32,482 TOTAL FUNDS CARRIED FORWARD 21.768 12,907 34,675 35,564 The notes fomi part of these financial statements Page 8
STAGE 2 YOUTH THEATRE COMPANY (REGISTERED NUMBER: 05317309) BALANCE SHEET 31 MARCH 2024 2024 Totsl funds 2023 Totsl funds Unrestrlcted funds Restricted funds Notes CURRENT ASSETS Debtors Cash at bank 4.978 26,603 4,978 39,510 5,882 34.018 12.907 31,581 12,907 44088 39,900 CREDITORS Amounts falllng due within one year io 19.813) 19.813) 14,3361 NEf CURRENT ASSETS 21.768 12,907 34.675 35.564 TOTAL ASSETS LESS CURRENT LIABILITIES 21,768 12,907 34,675 35,564 NET ASSETS 21.768 12,907 34.675 35,564 FUNDS Unrestricted funds Restrlcted funds li 21,768 IZ.907 24,077 11,487 TOTAL FUNDS 34.675 35,564 The charltable company Is entltled to exemptlon from audlt under 5ectlon 477 of the Companies Act 2(KJ6 for the year ended 31 March 2024. The members have not required the company to obtaln an audlt of Its flnancial statements for the year ended 31 March 2024 In accordance wlth Sectlon 476 of the Companle5 Act 2Crf)6. The trustee5 acknowledge their re5ponsibilltles for {al ensuring that the charltable company keep5 accountln8 records that comply wlth 5ectlons 386 and 387 of the Companies Att 2006 and preparlng flnanclal statements whlch give a true and falr vlew of the state of affalrs of the charitable company a5 at the end of each financial year and of Its surplus or deflclt for each flnanclal year in accordance with the requlrement5 of Sections 394 and 395 and which otherwise comply wlth the requlrements of the Companles Act 2CQ6 relatln8 to financlal statements, so far as applicable to the charitable companv, (b} The notes form part of these financlal statements Pa8e 9 contlnued...
STAGE 2 YOUTH THEATRE COMPANY (REGISTERED NUMBER: 05317309) BALANCE SHEEf- continued 31 MARCH 2024 These financlal ststements have been prepared in accordance with the provisions applicable to charltable companles subject to the small companies re8ime. The financial statements were approved by the 8oard of Trustees and authorlsed for Issue on 14d..£V.. I......... and were signed on Its behalf by: Rjones-o Trustee The notes form part ofthese financial statements Page 10
STAGE 2 YOUTH THEATRE COMPANY NOTES TO THE FINANaAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES BASIS OF PREPARING THE FINANCIAL STATEMENTS The financial statements of the charitable company, whlch Is a public beneflt entity under FRS 102, have been prepared in accordance with the Charities SORP IFRS 1021 'AccountSng and Reportin8 by Charltles: Statement of Recommended Practlce applicable to charitles preparing their accounts in accordance wlth the Financial Reportlng Standard applicable In the UK and Republic of Ireland IFRS 1021 (effective l January 20191,, Flnancial Reporting Standard 102 'The Flnancial Reportlng Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements have been prepared under the historical tost convention. INCOME All income is recognlsed in the Statement of Flnancial Activities once the charlty has entitlement to the funds, It Is probable that the Income will be received and the amount can be measured reliably. EXPENDITURE Llabilitie5 are recognlsed as expenditure as soon as there 15 a le8al or constructlve obllgatlon commlttlng the charity to that expendlture, it is probable that a transfer of economlc beneflts wlll be requlred in settlement and the amount of the obllgation can be measured reliably. Expenditure is accounted for on an accruals basls and has been classlfSed under headln85 that aggregate all cost related to the category. Where costs cannot be directly attributed to partlcular headlngs they have been allocated to actlvlties on a basi5 conslstent with the use of resources. TAXATION As a charitable company, Stage 2 Youth Theatre Company, is exempt from tax on Income and gains falling withln sections 481-489 of the CTA 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applled to its charltable objects. No tax charges have arisen wlthin the charitable company. FUND ACCOUNTING Restrlcted funds Restrlcted funds represent grants and donations whlch are subject to restrlrtlon5 on their expenditure Imposed by the donor orthrough the terms of an appeal. Unrestrlrted funds and desl8nated fund$ Unrestritted funds represent funds that are expendable at the dlscretlon of the Directors In the furtherance of the objects of the charltable company. Such funds may be held In order to flnance both working capital and capltal Investment. Designated funds are those funds whlch are unrestrlcted In nature but whlch have been deslgnated by the Direttor5 to be used In a particular manner. TANGIBLE FIXED ASS5 AND DEPRECIATION The charitable company does not capltalise the costs of set or costumes on the basls that it is consldered that they have a useful economic life of one year. Accordingly, these cost5 are fully expensed in the year of purchase. Page 11 contlnued...
STAGE 2 YOUTH THEATRE COMPANY NOTESTO THE FINANaAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 MARCH 2024 DONATIONS AND LEGACIES 2024 2023 Subsldy I donatlons Grants I156 8.937 12,000 3,786 21.793 15,786 Grants recelved, Included in the above, are as follows: 2024 2023 Cultural Dlverslty Leadershlp Workshop Project Core Fund 3,300 2,395 2JM2 8.937 3,786 OTHER TRADING ACTIVITIES 2024 2023 L4MDA Short courses Miscellaneou5 Income 11.967 3.599 1271 11.454 1,057 1,240 I637 13,751 INVESTMENT INCOME 2024 2023 Investment Income 159 35 Page 12 continued...
STAGE 2 YOUTH THEATRE COMPANY NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 MARCH 2024 INCOME FROM CHARITABLE A1VITIEs 2024 2023 Attivity Charitable activltles Charitable artivities student fees Other Income 57,830 19.039 57,252 10,163 76,869 67,415 CHARITABLE AcfiviTIES COST5 Direct C05t5 Support costs Totals Salary costs Room and theatre hlre ActlvltSes and other productlon costs Subsldv Overhead costs 44,890 17,916 33,687 44090 17,916 33,687 9.965 10.089 9,965 10,089 9,965 106.582 116.547 Pa8e 13 continued...
STAGE 2 YOUTH THEATRE COMPANY NOTES TO THE FINANCIAL sfATEMENTS- contlnued FOR THE YEAR ENDED 31 MARCH 2024 CHARITABLE ACTivmES COSTS- continued Analysis of support costs: 2024 2023 Salary costs Wages and salarles Soclal security costs Pension c05ts 43.913 36,064 977 760 44.890 36,824 Room and theatre hlre Theatre hlre Room hlre 6.037 11.879 3,566 10,838 17.916 14.404 Artlvftles and other production costs Prlntlng and social medla Set Lightlng Copyright Photographs LAMDA Resldentials Chaperones Short courses Cultural Diverslty Celebrating Communltles Leadershlp Tralnlng 2.023 2,928 2,148 360 493 11,252 5,145 1.559 2.530 2,157 1,699 1,622 283 11,145 1,706 835 1,877 1,989 1,930 4,866 383 33.687 26,199 Overhead costs Financial Independent Examiners fees Insurance Travel Hospitality Postage and statlonery Donations Miscellaneous Bank and other char8es 1,620 847 1,320 702 427 166 1,972 97 1,598 3.500 861 1258 867 571 10.089 6,025 Page 14 contlnued...
STAGE 2 YOUTH THEATRE COMPANY NOTES TO THE FINANCIAL sfATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2024 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023. TRUSTEES, EXPENSES There were no trustees, expenses pald for the year ended 31 March 2024 nor for the year ended 31 March 2023. STAFF COSTS The avera8e monthly number of employees durlng the year was as follows., 2024 2023 Drama support Adminlstrative 5UPPOrt No employees recelved emoluments in excess of £60,000. 2024 2023 Core and contract Wages and salarles Soclal securlty Costs Penslon costs 43,913 36,064 977 760 4490 36,824 No employee earned In excess of £60,000. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Prepayments 4.978 S,882 Page 15 contlnued...
STAGE 2 YOUTH THEATRE COMPANY NOTES TO THE FINANCIAL sfATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2024 io. CREDrroRS: AMOUNTS FALLING DUE wrrHIN ONE YEAR 2024 2023 Social security and other taxes Deferred income Accrued expenses 1,729 6,584 1.SlX) 1,846 1.120 1,370 9.813 4,336 ii. MOVEMENT IN FUNDS Net movement In funds At 31.3.24 At 1.4.23 Unrestrlcted funds General Fund Staff Development Fund 24.021 56 (2,253) {56) 2L768 24,077 (2.309) 21.768 Restrlrted funds Subsidy Fund Leadershlp Fund Parent Donation5 Fund Workshop Project Fund 6,617 I70 2.891 (3661 (3.5001 2.395 2,395 11.487 1.420 12,907 TOTAL FUNDS 35.564 (8891 34.675 Net movement In funds, Included In the above are as follows: Incomlng resources Resources expended Movement in fund5 Unrestrkted funds General Fund Staff Development Fund 95,907 (98,160) 156) {2.253) 156) 95.907 (98.216) 12,309) Restrlrted funds Subsldy Fund Leadership Fund Parent Donations Fund Workshop Project Fund IZW6 (9,965) 14,8661 {3,1 2.891 1366) 13,51M)) 2.395 2.395 19,751 {18,331) IA20 TOTAL FUNDS 115ffi58 (116,547) 1889) Page 16 continued...
STAGE 2 YOUTH THEATRE COMPANY NOTES TO THE FINANCIAL sfATEMENTS- contlnued FOR THE YEAR ENDED 31 MARCH 2024 ii. MOVEMENT IN FUNDS- continued Comparatives for movement in funds Net movement In funds Transfers between funds At 31.3.23 At 1.4.22 Unrestflcted funds General Fund Staff Development Fund 20.033 $44 4,033 14881 1451 24,021 56 20,577 3,545 1451 24.077 Restrlrted funds Subsidy Fund Celebratln8 Communities Fund Cultural Dlver51ty Fund Leadership Fund Parent Donatlon5 Fund 8,570 1,557 1,778 {1,9531 {1.9891 11,3911 1,370 3,500 6,617 432 13871 1,370 3,51 11,905 14631 45 11,487 TOTAL FUNOS 32,482 3,082 35,564 Comparative net movement in funds, included In the above are as follows: Incomlng resources Resources expended Movement in fund5 Unrestrlcted funds General Fund Staff Development Fund 81,201 177,1681 14881 4,033 14881 81,201 177,656} 3,545 Restrlcted funds Subsidy Fund Celebratin8 Communltles Fund Cultural Dlverslty Fund Leadershlp Fund Parent Donatlons Fund 8,500 110,4531 11,9891 11,8771 11,9301 11,953} 11,9891 11,3911 1,370 3,500 3,300 3,500 15,786 116,2491 14631 TOTAL FUNDS 96,987 193,9051 3,082 Restrlcted funds: Subsldy Fund The Subsidy Fund Is a fund set aside to ensure that no member of the company is ever excluded from taking part In artivities due to financial challenges. It is a rolling scheme and the balance wlll be carried forward to be used In the future. Page 17 continued...
STAGE 2 YOLrrH ThEATRE COMPANY NOTES TO THE HNANCIAL STATEMENTS- Contlnued FOR THE YEAR ENDED 31 MARCH 2024 ii. MOVEMENT IN FUNDS- continued Leadershlp Fund The Leadership Fund Is a mentoring scheme whereby a small team of older and more experienced members will be buddied up with new members and act as assistants In sesslons. The Scheme will be ongoing, with anv surplus rolllng forward to the followlng year as wlth the Subsldy Fund. Participants wlll stay with the scheme for the academic year, Parent Donatlons Fund The Parent Donatlons Fund is a cate80ry for mlscellaneous donations from parents or miscellaneous sources. Workshop Projert Fund The Workshop Project Fund is an initiatlve wlth Blrmlngham Clty Council and Kin85 Heath Forum to promote particlpatlon with non Stage2 members in the Brandwood and Kings Heath Ward and help them to explore thelr sense of identity in relatlon to thelr local community. 12. RELATED PARfi DISCLOSURES There were no related party transartion5 for the year ended 31 March 2024. UABILifi OF THE MEMBERS The liability of the members as set out In the Memorandum of Association of the company is as follows: 'Every company member promlses, If the company 15 wound up whllst he is a company member or wlthln one year after ceasing to be a company member, to contrlbute such amount as is requlred up to a maximum of £1 towards the costs of winding up the company and Ilabillties Incurred whllst the contrlbutor was a company member." 14. DONATIONS AND ACKNOWLEDGEMENT We are very grateful to the followin8 tfusts, companies and indlvlduals for thelr generous support thls year. Wlthout them it would have been impossible to offer such a wlde range of opportunities to such a wlde range of young people and to such a hi8h stsndard. Subsld Fund To enable members to draw down full subsldles or part bursarles for any aspect of Stage2 eg Fees, exams, tickets, photos, resldentlals etc. Thls ensures nowone Is excluded from anhIng due to a flnanclal challenge. The Harry Payne Trust The GrirnmitTrust L and R Gllley Trust Lillie Johnson Charitsble Trust Baron Davenport Trust Cole Trust Dumbreck Charitable Trust The Norton Foundation HJ Sayer and J Hopkins Trust The Rowlands Trust Youn Leaders Schem The Lord Austin Charitsble Trust Page 18 continued...
STAGE 2 YOUTH THEATRE COMPANY NOTES TO THE FINANaAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 MARCH 2024 DONATIONS AND ACKNOWLEDGEMENT- contlnued The Grantham Yorke Charitable Trust The Blrmingham and Black Country Fund ore Fund R and DTurnerTrust nKln Red ed Ra For free consultancy advice, support or SeiteS. Bl8 Yellow Self Storage- storage of sets and resources. Page 19