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 contrIb￿e 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 A￿1VITIES
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 A￿1VITIEs
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 yO￿h 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
76￿69
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
I8￿21
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 ASS￿5 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
I1￿56
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
I6￿37
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 A￿1VITIEs
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
44￿90
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
I￿70
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 an￿hIng 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 Se￿iteS.
Bl8 Yellow Self Storage- storage of sets and resources.
Page 19