REGISTERED CHARITY NUMBER: 1202098
REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
FOR STAGE ONE YOUTH THEATRE
Gibson Whitter Chartered Accountants and Chartered Tax Advisers Larch House Parklands Business Park Denmead Hampshire PO7 6XP
STAGE ONE YOUTH THEATRE
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 5 |
| Independent Examiner's Report | 6 | ||
| Statement of Financial Activities | 7 | ||
| Balance Sheet | 8 | ||
| Notes to the Financial Statements | 9 | to | 15 |
STAGE ONE YOUTH THEATRE
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2024
The trustees present their report with the financial statements of the charity for the year ended 31 August 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
Chair's Foreword
This report reflects Stage One Youth Theatre's first full year as a Charitable Incorporated Organisation. Whilst we have been able to draw upon and build on our rich legacy and solid foundations, we also continue to learn as an organisation and hope that we will be able to pass on a robust and sustainable youth theatre group for many generations to come.
The period of this annual report covers our activities from 1 September 2023 through to 31 August 2024, which once again has produced significant highlights and achievements. The most significant of which was our production of Les Misérables School Edition in February 2024, which was universally regarded as a stunning success. We then moved on to an ambitious compilation show, What's Next Through Time, performed in July 2024. The year was rounded off with our attendance at Victorious Festival on the Kids Arena stage over the August bank holiday weekend.
Since our conversion to a registered charity, our governance structures and processes have continued to settle-in, with a Board of Trustees overseeing and steering the Stage One Youth Theatre to ensure it meets its charitable purposes for the public benefit. In support of the Trustees, the Coordinating Committee is responsible for the day-to-day running of key administrative activities and works with the production team to ensure the smooth running of shows and events. An important aspect of our work is to educate and develop young people's talents and capabilities in the performing arts and to produce high quality theatrical experiences. To this end, we engage the services of experienced, highly talented and creative performing arts leaders.
Our vision is to unlock the potential of young people through high-quality youth theatre experiences, which requires a tremendous collective effort. Therefore, I would like to express my heartfelt gratitude to all our volunteers, creative team, and numerous supporters who have worked tirelessly to ensure that Stage One Youth Theatre continues to thrive and grow stronger. Their dedication of time and energy is driven by their genuine care for Stage One Youth Theatre and the children and young people we serve.
OBJECTIVES AND ACTIVITIES Objectives and aims
Purposes of Stage One Youth Theatre as set out in the Constitution:
-
1) To advance education in the performance arts for the public benefit through the development of youth members' individual capabilities, competences, skills and understanding of drama, dance, music and singing.
-
2) To advance the arts for the public benefit through the promotion and encouragement of high standards of the arts of drama, dance, music and singing through the production and public performance of performance arts and musical theatre shows.
-
3) To advance in life and help young people through:
-
a) The provision of recreational and leisure time activities provided in the interest of social welfare, designed to improve their conditions of life;
-
b) Providing support and activities which develop their skills, capacities and capabilities to enable them to participate in society as mature and responsible individuals.
Page 1
STAGE ONE YOUTH THEATRE
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2024
OBJECTIVES AND ACTIVITIES Public benefit
In setting our goals for the period and planning our activities, the trustees have taken into account the Charity Commission's guidance on public benefit, including the advice on public benefit and fee charging. To cover its operational and production costs, State One Youth Theatre depends on a variety of income sources, such as ticket sales, fundraising activities, donations, and subscription membership fees. When determining fees and prices, the trustees are mindful of and consider accessibility for those with low incomes and/or facing cost of living challenges.
The charity continues to promote education in the performing arts by developing the individual capabilities, competences, skills, and understanding of youth members in drama, dance, music, and singing. This is mainly project-based and delivered in a practical setting through workshops, rehearsals, and performances. Stage One Youth Theatre employs performing arts industry professionals to lead and deliver its artistic program, ensuring that members receive high-quality training and gain practical insights into the industry. During rehearsals and performances in a theatre, the cast also benefits from professional technicians and can develop their stagecraft in a real-world work environment where teamwork, safety, and discipline are essential.
During this period, Stage One Youth Theatre's activities have significantly benefited children and young people by fostering teamwork and providing a safe space for self-expression and creative thinking. For those preparing for their GCSEs and A-Levels, the weekly non-academic outlet has been crucial for their mental health, offering a chance to share experiences with peers. Additionally, participating in workshops, rehearsals, and performances has been a galvanising experience, helping members form new friendships and encouraging interaction with individuals from different and diverse backgrounds.
Page 2
STAGE ONE YOUTH THEATRE
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2024
ACHIEVEMENT AND PERFORMANCE
Charitable activities
Stage One Youth Theatre has been able to both retain members and attract new members, so that overall membership for the period has been sustained at around 55 members. This sustained level of membership has led to improved fundraising, higher ticket sales to performances and increased subscription revenue, so that we have been able to improve and increase our activities in pursuit of our charitable purposes and associated public benefits without having to increase prices and fees.
Throughout the year, our diverse programme of activities has expanded the range of opportunities available to our young people. Notably, our compilation shows and performances at events like the Victorious Festival and Portsmouth Dockyard have been met with great enthusiasm by our members. These activities have not only benefited our members but also raised public awareness of our work. They have allowed a broader segment of our local communities to witness our performances and appreciate the impact of youth theatre. This exposure has helped the public understand the benefits of performing arts for young people, while our members have seen the positive influence they can have within their communities and society at large.
Stage One Youth Theatre continued to advance the arts through its high standards of production and public performances. In particular, Les Misérables won an Accolade of Excellence award from the National Operatic and Dramatic Association (NODA).
Les Misérables - Reviews
"Top class professionalism shone through every aspect of this production, not just the superb performances given by every member of the cast, but the lighting, sound, costumes, set and the programme were all top-notch." (Mark Donalds - NODA)
"This was such an accomplished performance I had to keep reminding myself that I wasn't in the West End and that no one on stage was more than eighteen years old. Stage One you should be so proud of everything you have achieved with this show - all your hard work has paid off and I'm sure you will all treasure the memory of this experience for many years to come. I don't think anyone who saw it will forget it either." (Mark Donalds - NODA)
".....one of the best, most complex, non-professional shows I have ever seen, and the fact that it is a youth production (though you wouldn't really know it) makes the wow factor even greater."......"An absolute masterpiece in staging, making this production one of the most polished and professional shows I have seen on a youth stage." (David Cradduck - Winchester Today)
"Not only did this production surpass my expectations, it completely annihilated other versions I've seen of this show including on Broadway and on UK tour. Somehow, a group of under 18's (in what I can only describe as a bunch of superhumans) delivered performances that were well beyond their years, in a production that was executed so perfectly that I couldn't quite believe what I was watching."..... "I will go so far as to say that this was the best show I have ever seen on the so-called amateur stage in over 30 years." (Stuart Frank - openingnightreviews.co.uk)
FINANCIAL REVIEW
Financial position
The financial reporting year 1 September 2023 to 31 August 2024 was Stage One Youth Theatre's first full year as a Charitable Incorporated Organisation (CIO). The year (1 September 2023) began with sufficient funds to meet our liabilities and commitments and to cover forecast costs for its February show, Les Misérables. We benefited from a substantial corporate donation of £5,000 and a personal donation of £1,500, which together with fundraising activities and a sustained membership base, meant that we substantially improved our financial position. Accordingly, it is the Trustee's view that the charity is financially stable enough to meet its ongoing obligations and to continue its charitable purposes for the foreseeable future.
Page 3
STAGE ONE YOUTH THEATRE
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2024
FINANCIAL REVIEW
Reserves policy
SOYT aims to maintain only the necessary level of reserves and avoid tying up funds unnecessarily. However, not holding sufficient reserves can jeopardize the charity's ability to continue its operations during financial difficulties, increasing the risk of unplanned closure and insolvency. Therefore, the main reasons for SOYT to hold reserves are to manage uncertainty and ensure the sustainability of our activities.
SOYT's current reserves policy is that by 31 August 2025 the unrestricted funds not committed or invested in tangible fixed assets ('the free reserves') held by the charity should be equivalent to 25% overheads and administrative expenditure plus 20% budgeted production costs, equating to £12,900. For the reserves policy to be met, it will be necessary for SOYT's budgets and fundraising to build-up the levels of free reserves. To not limit the amount spent on charitable activities and the public benefits that SOYT provides, the build-up of reserves will be conducted over a period of two-years leading up to 31 August 2025; as such, the aim was that by 31 August 2024 the free reserves would equate to 20% overheads and administrative expenditure plus 15% budgeted annual production costs, which based on FY2023/24 expenditure equates to £11,500.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The Charity is a Charitable Incorporated Organisation (CIO) and is controlled by the Constitution, its governing document, the foundation registered on 27th February 2023. The governing document has been agreed by the Charity Commission.
Recruitment and appointment of new trustees
There must be at least three charity trustees and the maximum number of charity trustees is twelve. Nominations to be a charity trustee are sought and notified prior to each Annual General Meeting of the charity. At each Annual General Meeting, one-third of the charity trustees shall retire from office; retirees may seek re-election. The vacancies so arising may be filled by the decision of the members at the Annual General Meeting. Any vacancies not filled at the General Meeting may be filled at any time by the members or the charity trustees; any person so appointed shall retire at the next Annual General Meeting and will need to seek re-election.
Organisational structure
The trustees have delegated certain responsibilities to a Coordinating Committee, which is responsible for the management of all aspects of the day-to-day operations of Stage One Youth Theatre (SOYT) including enabling and supporting productions by SOYT and supporting the Board of Trustees with the implementation of safeguarding, and statutory and regularity compliance at all times. The Committee is accountable to the SOYT Trustees and is entrusted to act in SOYT's best interests. The Committee comprises trustees assuming ex officio roles (Chair, Secretary, Vice-Chair and Treasurer) and non-ex officio Committee Members who are appointed by rotation at each Annual General Meeting.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1202098
Principal address
79 Lonsdale Avenue Portsmouth Hampshire PO6 2PU
Page 4
STAGE ONE YOUTH THEATRE
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2024
Trustees
Stephen Michael Clark (Chair) Rachel Grech Justin Nigel Butcher Simon Watson Duncan Tyler Sophie Ann Lane Resigned 28 February 2025 Gemma Lesley Payne-Simmons Resigned 7 June 2024 Anthony Crockett Archie Lloyd Crockett
Independent Examiner
Gibson Whitter Chartered Accountants and Chartered Tax Advisers Larch House Parklands Business Park Denmead Hampshire PO7 6XP
2 May 2025 Approved by order of the board of trustees on ............................................. and signed on its behalf by:
.................................................................Stephen Clark - signed on original
Stephen Michael Clark - Trustee
Page 5
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF STAGE ONE YOUTH THEATRE
Independent examiner's report to the trustees of Stage One Youth Theatre
I report to the charity trustees on my examination of the accounts of Stage One Youth Theatre (the Trust) for the year ended 31 August 2024.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Gavin Whitter - signed on original
Gavin Whitter
Gibson Whitter Chartered Accountants and Chartered Tax Advisers Larch House Parklands Business Park Denmead Hampshire PO7 6XP Date: .............................................6 May 2025
Page 6
STAGE ONE YOUTH THEATRE
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2024
| Period | |||
|---|---|---|---|
| 27.2.23 | |||
| Year Ended | to | ||
| 31.8.24 | 31.8.23 | ||
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||
| Donations and legacies | 2 | 20,673 | 11,205 |
| Charitable activities | 5 | ||
| Operation of Youth Theatre | 50,204 | 18,695 | |
| Other trading activities | 3 | 9,272 | 3,645 |
| Investment income | 4 | 40 | 41 |
| Total | 80,189 | 33,586 | |
| EXPENDITURE ON | |||
| Raising funds | 6 | 5,337 | 1,796 |
| Charitable activities | 7 | ||
| Operation of Youth Theatre | 55,768 | 23,589 | |
| Total | 61,105 | 25,385 | |
| NET INCOME | 19,084 | 8,201 | |
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | 8,201 | - | |
| TOTAL FUNDS CARRIED FORWARD | 27,285 | 8,201 |
The notes form part of these financial statements
Page 7
STAGE ONE YOUTH THEATRE
BALANCE SHEET 31 AUGUST 2024
| 31.8.24 Unrestricted fund Notes £ CURRENT ASSETS Debtors 12 13,351 Cash at bank 16,281 29,632 CREDITORS Amounts falling due within one year 13 (2,347) NET CURRENT ASSETS 27,285 TOTAL ASSETS LESS CURRENT LIABILITIES 27,285 NET ASSETS 27,285 FUNDS 15 Unrestricted funds 27,285 TOTAL FUNDS 27,285 |
31.8.23 Total funds £ 1,452 9,323 10,775 (2,574) 8,201 8,201 8,201 8,201 8,201 |
|---|---|
The financial statements were approved and authorised for issue by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by: 2 May 2025
.............................................Stephen Clark - signed on original Stephen Michael Clark - Trustee
The notes form part of these financial statements
Page 8
STAGE ONE YOUTH THEATRE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
Items of income are recognised once the charity has entitlement to the funds, it is probable that the income will be received, and the monetary value of funds can be measured with sufficient reliability.
Voluntary income is received by way of donations and fundraising activities and is included in full in the Statement of Financial Activities when receivable.
Grants are recognised when receivable and allocated between restricted and unrestricted activities as appropriate. Deferred income relates to grants received in respect of future periods.
Donated goods and services are included at the value to the charity where this can be quantified. The value of service provided by volunteers has not been included in these financial statements.
Investment income is included when receivable.
Expenditure
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party or it is probable that settlement will be required, and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:
-
Charitable expenditure comprises those costs incurred by the charity in the delivery of itsactivities and services for its beneficiaries. It includes both costs that can be allocated directlyto such activities and those costs of an indirect nature necessary to support them. These costsinclude the costs of performances, workshops and theatre trips.
-
Costs of raising funds comprise all costs incurred in fundraising activities
-
Support costs are those functions that assist the work of the charity but do not directlyundertake charitable activities. Support costs include administrative and governance costswhich support the charity’s activities.
Irrecoverable VAT
The charity is not VAT registered and irrecoverable VAT is charged against the category of resources expended for which it was incurred.
Allocation and apportionment of costs
All costs are allocated between the expenditure categories of the Statement of Financial Activities on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly, others are apportioned on an appropriate basis.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Page 9
continued...
STAGE ONE YOUTH THEATRE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2024
1. ACCOUNTING POLICIES - continued
Fund accounting
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. DONATIONS AND LEGACIES
| DONATIONS AND LEGACIES | |
|---|---|
| Year Ended 31.8.24 £ Donation from charity - Donations 7,396 Gift aid 4,200 Theatre tax credit 9,077 20,673 |
Period 27.2.23 to 31.8.23 £ 8,676 1,118 1,411 - |
| 11,205 |
3. OTHER TRADING ACTIVITIES
| OTHER TRADING ACTIVITIES | ||
|---|---|---|
| Period | ||
| 27.2.23 | ||
| Year Ended | to | |
| 31.8.24 | 31.8.23 | |
| £ | £ | |
| Fundraising | 7,778 | 2,233 |
| Merchandise income | 1,494 | 1,412 |
| 9,272 | 3,645 |
4. INVESTMENT INCOME
| INVESTMENT INCOME | ||
|---|---|---|
| Period | ||
| 27.2.23 | ||
| Year Ended | to | |
| 31.8.24 | 31.8.23 | |
| £ | £ | |
| Deposit account interest | 40 | 41 |
Page 10
continued...
STAGE ONE YOUTH THEATRE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2024
5. INCOME FROM CHARITABLE ACTIVITIES
| Year Ended 31.8.24 Operation of Youth Theatre £ Subscriptions income 23,872 Ticket sales 26,332 50,204 6. RAISING FUNDS Raising donations and legacies Year Ended 31.8.24 £ Programme and DVD expenses 1,325 Merchandise and other expenses 4,012 5,337 7. CHARITABLE ACTIVITIES COSTS Direct Support Costs (see costs (see note 8) note 9) £ £ Operation of Youth Theatre 51,894 3,874 8. DIRECT COSTS OF CHARITABLE ACTIVITIES Year Ended 31.8.24 £ Rehearsals expenses 16,940 Storage expenses 4,230 Show expenses 30,724 51,894 |
Period 27.2.23 to 31.8.23 Total activities £ 11,264 7,431 18,695 Period 27.2.23 to 31.8.23 £ 688 1,108 1,796 Totals £ 55,768 Period 27.2.23 to 31.8.23 £ 8,404 2,070 9,618 20,092 |
|---|---|
Page 11
continued...
STAGE ONE YOUTH THEATRE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2024
9. SUPPORT COSTS
| SUPPORT COSTS | |
|---|---|
| Governance Management costs £ £ Operation of Youth Theatre 2,299 1,575 Support costs, included in the above, are as follows: |
Totals £ 3,874 |
Management
| Management | ||
|---|---|---|
| Period | ||
| 27.2.23 | ||
| Year Ended | to | |
| 31.8.24 | 31.8.23 | |
| Operation | ||
| of Youth | Total | |
| Theatre | activities | |
| £ | £ | |
| Insurance | 660 | 698 |
| Sundries | 320 | 59 |
| Marketing, website and social media | 1,319 | 1,240 |
| 2,299 | 1,997 | |
| Governance costs | ||
| Period | ||
| 27.2.23 | ||
| Year Ended | to | |
| 31.8.24 | 31.8.23 | |
| Operation | ||
| of Youth | Total | |
| Theatre | activities | |
| £ | £ | |
| Independent examiners fees | 1,575 | 1,500 |
10. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 August 2024 nor for the period ended 31 August 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 August 2024 nor for the period ended 31 August 2023.
Page 12
continued...
STAGE ONE YOUTH THEATRE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2024
11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| INCOME AND ENDOWMENTS FROM Donations and legacies Charitable activities Operation of Youth Theatre Other trading activities Investment income Total EXPENDITURE ON Raising funds Charitable activities Operation of Youth Theatre Total NET INCOME TOTAL FUNDS CARRIED FORWARD 12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other debtors 13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Deferred income Accrued expenses Deferred income Deferred income comprises ticket sales received for future shows. Balance brought forward Amount release to incoming resources Amount deferred in the year Balance carried forward |
31.8.24 £ 13,351 31.8.24 £ 772 1,575 2,347 |
31.8.24 £ 13,351 31.8.24 £ 772 1,575 2,347 |
Unrestricted fund £ 11,205 18,695 3,645 41 33,586 1,796 23,589 25,385 8,201 8,201 31.8.23 £ 1,452 31.8.23 £ 1,074 1,500 2,574 31.8.24 £ - - 1,074 1,074 |
|---|---|---|---|
Page 13
continued...
STAGE ONE YOUTH THEATRE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2024
14. LEASING AGREEMENTS
Minimum lease payments under non-cancellable operating leases fall due as follows:
| 31.8.24 | 31.8.23 | |||
|---|---|---|---|---|
| £ | £ | |||
| Within one year | 3,685 | - | ||
| 15. | MOVEMENT IN FUNDS | |||
| Net | ||||
| movement | At | |||
| At 1.9.23 | in funds | 31.8.24 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 8,201 | 19,084 | 27,285 | |
| TOTAL FUNDS | 8,201 | 19,084 | 27,285 | |
| Net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 80,189 | (61,105) | 19,084 | |
| TOTAL FUNDS | 80,189 | (61,105) | 19,084 |
Comparatives for movement in funds
| Net | ||||
|---|---|---|---|---|
| movement | At | |||
| in funds | 31.8.23 | |||
| £ | £ | |||
| Unrestricted funds | ||||
| General fund | 8,201 | 8,201 | ||
| TOTAL FUNDS | 8,201 | 8,201 | ||
| Comparative net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 33,586 | (25,385) | 8,201 | |
| TOTAL FUNDS | 33,586 | (25,385) | 8,201 |
Page 14
continued...
STAGE ONE YOUTH THEATRE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2024
16. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 August 2024.
Page 15