## **Stage One Youth Theatre** 

**Trustees’ Annual Report and Financial Statements for the Year Ended 31 August 2025** 





**STAGE ONE YOUTH THEATRE** 

## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025** 

|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|6|
|**Independent Examiner's Report**||7||
|**Statement of Financial Activities**||8||
|**Balance Sheet**||9||
|**Notes to the Financial Statements**|10|to|16|





## **STAGE ONE YOUTH THEATRE** 

## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025** 

The trustees present their report with the financial statements of the charity for the year ended 31 August 2025. 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 covers Stage One Youth Theatre's second full year as a Charitable Incorporated Organisation (CIO). Building on last year's foundations, we have continued to deliver high-quality artistic opportunities for young people, culminating in a vibrant production of Footloose in February 2025 and an acclaimed compilation show in the summer term. We also strengthened our governance and operating practices while keeping participation accessible during a challenging cost-of-living period. 

## **OBJECTIVES AND ACTIVITIES** 

## **Objectives and aims** 

Our charitable purposes, as set out in the constitution, are to advance education in the performing arts for the public benefit; to advance the arts through public performance; and to support young people's development through safe, purposeful leisure activities. In setting plans and reviewing activities, the trustees have been cognisant of the Charity Commission's guidance on public benefit, including guidance on fee charging. 

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. 

## **Evidence of Public Benefit and Youth Development** 

- Inclusive access and public benefit: Stage One provides inclusive, high-quality youth theatre experiences for children and young people from all backgrounds, building creativity and self-confidence and delivering social, creative and cultural benefits to both the local and wider communities. 

- - Policies and safe practice underpinning development: Our development approach is supported by published documentation (Safeguarding Policy and Operational Procedures, Equal Opportunities, Data Protection, Code of Conduct), providing a safe, fair and supportive environment for learning and performance. 

- - Addressing local need and widening participation: We actively address barriers to participation through careful cost control, fundraising and collaboration with local partners; accessible compilation projects and targeted fundraising help keep access open in areas where out-of-school arts provision can be limited. 

- - Skills progression and personal outcomes: Through workshops, rehearsals and public performance, members develop discipline, teamwork and responsibility alongside technical theatre skills in music, dance and drama - outcomes that transfer positively to education and community life. 

Page 1 



## **STAGE ONE YOUTH THEATRE** 

## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025** 

## **ACHIEVEMENTS AND PERFORMANCE** 

## **Charitable activities** 

The 2024/25 season foregrounded participation, progression and performance quality. In February 2025 we staged "Footloose" at Festival Hall, Petersfield, giving a large youth cast a fully professional environment with live band, comprehensive technical support and ambitious choreography. Independent reviews highlighted both individual excellence and the collective standard across acting, singing and dance. 

- "What an amazing bunch of youngsters... 'Footloose the Musical', an exuberant celebration of teenage life and freedom." - Southern Arts Reviews 

Reviewers singled out charismatic leading performances, nuanced character roles, and a chorus that remained fully engaged throughout; choreography was described as "stunning, tight... almost balletic at times" and delivered in total unison. Vocal work from principals and ensemble drew repeated praise, with live music under an eight-piece band adding drive while maintaining balance with voices. A further review called the production "a triumph", citing the cast's energy, pitch-secure harmonies and moments of real emotional poise. 

- "This show is a triumph… the talent and energy this group had was infectious." - Fairy Powered Productions 

- "All the energy and big performances that you could wish for... underlining this group's massive talent." - NODA 

In early summer, we pivoted to a compilation format with "What's Next Mini Musicals" at Park Community School Theatre. The programme curated carefully balanced 'tasters' from Chicago, Guys & Dolls, Wonderland, Dear Evan Hansen, Billy Elliot and Come From Away. External notices emphasised the ensemble's assurance, the precision of musical entries, exact and artful choreography, and the company's ability to move from high-energy numbers to deeply felt contemporary material. 

- "The format was clever, well thought out and balanced... 'tasters' that left you wanting to know more." - NODA 

- "It left the audience with a warm glow and there were well-deserved cheers for the hard-working cast." - Southern Arts Reviews 

Operationally, the season embedded learning from previous cycles: improved Front of House workflows, simple scenic solutions complemented by impactful lighting and sound, and member-led publicity content - all reinforcing a consistent, high-quality audience experience. 

Page 2 



## **STAGE ONE YOUTH THEATRE** 

## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025** 

## **FINANCIAL REVIEW** 

## **Financial position** 

Subscriptions remained at £12.50 per rehearsal week. Subscription fees are calculated on an annual basis to support the Charity's overheads and running costs, including rehearsal provision, and to contribute towards the costs of productions and events. Subscription fees income is allocated one-third to overheads and running costs, with the remaining two-thirds covering rehearsals and contributing towards show production costs. For administrative efficiency, these fees are apportioned into a weekly membership subscription and are invoiced on a half-termly basis. Remaining costs are covered by ticket sales, fundraising activities and charity gift aid and tax relief. 

## **Key income and expenditure by activity:** 

|**Activity**|**Income**|**Costs**|
|---|---|---|
|**Fundraising (gross)**|£6,956.72|£1,113.19|
|**Footloose**|£25,984.26|£27,512.04|
|**Compilation show (WNMM)**|£9,190.91|£6,402.41|
|**Oklahoma! (pre-production)**|£3,656.25|£6,827.16|



Core operational costs rose sharply in July 2025 due to increased rental costs for our essential storage spaces. These facilities house our costumes, wardrobe, props, scenery, and staging equipment, without which the charity cannot deliver its high-quality musical theatre programme. Following a rental review by the landlord, rental fees for these storage units have more than doubled from £368.50 per month to £840.00 per month effective from July 2025, representing an increase of £5,658 per annum. Revised rents were calculated against a baseline of open market rent of c.£16 per square ft per annum, discounts were applied due to the condition and limitations of the site, and then a further discount was applied to charities and non-profit tenants versus commercial tenants, the net result being £7 per square ft per annum. Whilst this remains significantly below rental rates available elsewhere in the locality, it represents a substantial increase to the c.£3 per square ft per annum that we had been paying. 

## **Reserves policy** 

The trustees recognise the importance of maintaining appropriate reserves to ensure the financial stability of the charity and to enable it to continue delivering its charitable objectives. 

The trustees have established a policy to hold unrestricted reserves sufficient to cover a reasonable level of operating expenditure and to protect the charity against unforeseen reductions in income or unexpected costs. In determining the appropriate level of reserves, the trustees have considered the nature of the charity's activities, the reliability of its income streams, and its financial commitments, including production and venue costs associated with performances. 

The trustees review the level of reserves on a regular basis as part of their financial oversight. In line with the policy adopted in 2023/24, the trustees aimed to hold free reserves equivalent to 25% of overheads and administrative expenditure plus 20% of budgeted production costs by 31 August 2025 (target £12,900.00). At year end, total cash balances are £19,652 so the policy target was met. The trustees will continue to monitor reserves to ensure that Stage One Youth Theatre is able to meet its obligations and sustain its activities in the future. 

Page 3 



## **STAGE ONE YOUTH THEATRE** 

## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025** 

## **FINANCIAL REVIEW** 

## **AGM and Trustees’ Governance Narrative 2024/25** 

At the Annual General Meeting held on 20 June 2025 at Drayton United Church Hall, the Chair summarised the year's finances and operations, confirming the move to and ongoing use of an accrual accounting framework supported by a professional accountant, with HMRC filings aligned to CIO status. The meeting noted pending receipts from a Theatre Tax Relief claim and recognised that subscription fees have been held at the same level for three years despite rising costs. The AGM recorded changes to roles and re-elections: Rachel Grech stepped down as trustee/committee member (continuing as Wardrobe Manager); Duncan Tyler and Steve Clark were re?elected under rotation; and functional leads were confirmed (safeguarding, health & safety, licensing/chaperones, marketing/social media). Volunteering capacity was emphasised - particularly licensed chaperones and specialist skills - members were impressed with and appreciative of the high-quality photography services provided by Jen Althorpe (The Great Little Photographer), it was agreed that photos would be available to members through secure, paid photo galleries. 

Through trustees' and committee meetings across 2024-25, the board reviewed show finances (including Footloose and WNMM), confirmed that the 2023/24 Trustees' Annual Report had been independently examined and filed with the Charity Commission, and submitted the CT600 to HMRC with a Theatre Tax Relief claim for Les Misérables. In light of capacity constraints, trustees pivoted from a dual-cast junior show to a simplified compilation (delivered as WNMM) to preserve time and resources for the next major production, Oklahoma!. The board strengthened safeguarding arrangements by maintaining a Designated Safeguarding Lead, appointing a trustee lead for safeguarding, proposing an Assistant DSL role, and agreeing clearer support for staff/volunteers during any complaint process. Operational controls (venue access, supervision, sign-in/out) were reinforced and practical messages shared with members and helpers to promote a safe culture. 

Trustees commissioned work to codify membership and joining arrangements: clarifying age thresholds, an audition format (e.g., song and monologue), a consistent feedback approach for applicants, and how carry-over between cycles should work. A concept for 'Stage One Juniors' - a feeder group for ages 8 to 12-year-olds - will be explored through a focused working group to support long-term sustainability. 

Front of House operations and fundraising practice were reviewed following WNMM. Innovations such as ice-cream pre-orders, clearer point-of-sale workflow and stock repurposing for rehearsals proved effective, helped by strong parental support, and will be rolled forward. The team will also continue to pursue raffles, employer match-funding and donation-in-kind opportunities, with early planning to ensure adequate volunteer coverage, especially during show week. 

For Oklahoma! (Kings Theatre, February 2026), trustees and creatives agreed the following principles: transparent auditions with a balanced panel and clear communications; modernised styling that respects the Golden-Age roots; large-ensemble staging to maximise participation (targeting around 55-60 members); careful cost control without compromising standards; and a more proactive marketing plan (early-bird and family ticketing options, content shoots, and a dedicated promotions group working with the venue's PR). Safeguarding and H&S arrangements will be embedded in theatre access and rehearsal discipline. Strategically, alternating a major production with a compilation will continue to balance skills development, audience reach and financial sustainability. 

## **Going concern** 

The trustees have considered the charity's financial position, reserves, and projected income and expenditure when assessing whether the charity is able to continue as a going concern. This review included consideration of the charity's current cash balances, anticipated income from membership subscriptions, fundraising and performances, and its expected operating costs. 

Based on this assessment, the trustees are satisfied that Stage One Youth Theatre has sufficient resources to continue its activities for the foreseeable future, being a period of at least twelve months from the date of approval of these financial statements. The trustees therefore consider it appropriate to prepare the financial statements on a going concern basis in accordance with the requirements of the Charities Statement of Recommended Practice (SORP). 

Page 4 



## **STAGE ONE YOUTH THEATRE** 

## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025** 

## **PLANS FOR FUTURE PERIODS** 

The trustees plan to build on the success of Footloose and the summer showcase with a balanced 2025/26 season. Pre-production investment has been made for future titles (including Oklahoma! and Wonderland), alongside continued fundraising and membership development to support access and affordability. 

## **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. 

## **Risk management and safeguarding** 

Key risks considered during the year included venue availability, cast capacity, and financial exposure on large-scale productions. Mitigations included phased contracting, budgeting with contingencies, and strengthened volunteer rosters. Safeguarding remains paramount: the charity maintains up-to-date policies, enhanced DBS checks for eligible roles, and incident reporting protocols, with annual refresher training for chaperones and first-aid provision during rehearsals and shows. 

## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number** 

1202098 

## **Principal address** 

Fort Widley Portsdown Hill Road Portsmouth Hampshire PO6 3LS 

## **Trustees** 

Stephen Michael Clark (Chair) Rachel Grech Resigned 20 June 2025 Justin Nigel Butcher Simon Watson Duncan Tyler Sophie Ann Lane Resigned 28 February 2025 Anthony Crockett Archie Lloyd Crockett 

Page 5 



## **STAGE ONE YOUTH THEATRE** 

## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025** 

**REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner** Gibson Whitter Chartered Accountants and Chartered Tax Advisers Larch House Parklands Business Park Denmead Hampshire PO7 6XP 

31 March 2026 Approved by order of the board of trustees on ............................................. and signed on its behalf by: 

................................................................. Stephen Michael Clark - Trustee 

Page 6 



INDEPENDEPU EXAMINER'S REPORT TO THE TRUSTEES OF
STAGE ONE Yoimi THEATRE
IrM1gp￿d&nt examlnerfs report to the trustws of Slag• On• Youth Thea
I reF¥Nt to the charity trustees on my examinati￿ of the ac￿￿nts ol Stage One Youlh Theatre (the TnJst} for
the year ended 31 August 2025.
ReBponslblllths and baslB of rnport
As the charity trustees of the Trust you are responsible for ts Fyeparalion of the attounls in acurdance with
the requirements of the Chath"es Acl 2011 fthe Arf).
I report in respect of my examination of ts Trusfs a￿O￿nts carried out Ur￿er Seciion 145 of the Act in
carying out my exarninalTh I have folkmed all aFvluble Direction$ gNen by the Chanty Commission under
Sedon 145{5llb) olthe A
Independent examine¢s statement
I have Completed my examinab"on. I c>)nth that rK• matwial matters have come to my attent￿Jn in conne(lion
wlh the examinati￿ gmng me cause to believe that in any material re¥ttt'.
acto￿ting reLords kept in re5Fed ofthe Tru* as requireil by Sethon 130 ofthe Art or
the acc(xJnls do not a¢¢oid those re¢ord5', or
the accounts do compty ￿th the applicab￿ Yequioments concernirwJ the form and content of
accounts set out in the Charl1￿ (Acccojnts arbj Rew)rtsl RegUbl￿n$ 2008 other than any reqU1￿ment
that the ac￿Unts gNe a twe *thich is not a ffoiter conskdered as part of an independent
examination.
I have rK) concems and ha4e •>0ss no other mattws in connection *ith the examination to whKh
altent￿n should be dr￿ in this in wder to enatle a proper under5tarKling ol the accounts to be
reached.
Ga￿n Whitter
Gibson Whrtter
charte￿ ACC￿nt￿ts
and Chartered Tax Advisers
Larch House
Pa￿and$ Business Park
Denmead
Hampshire
P07 6XP
Page 7

## **STAGE ONE YOUTH THEATRE** 

## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2025** 

|||31.8.25|31.8.24|
|---|---|---|---|
|||Unrestricted|Total|
|||fund|funds|
||Notes|£|£|
|**INCOME AND ENDOWMENTS FROM**||||
|Donations and legacies|2|14,491|20,673|
|**Charitable activities**|5|||
|Operation of Youth Theatre||45,693|50,204|
|Other trading activities|3|9,021|9,272|
|Investment income|4|182|40|
|**Total**||69,387|80,189|
|**EXPENDITURE ON**||||
|Raising funds|6|1,493|5,337|
|**Charitable activities**|7|||
|Operation of Youth Theatre||53,893|55,768|
|**Total**||55,386|61,105|
|**NET INCOME**||14,001|19,084|
|**RECONCILIATION OF FUNDS**||||
|Total funds brought forward||27,285|8,201|
|**TOTAL FUNDS CARRIED FORWARD**||41,286|27,285|



The notes form part of these financial statements 

Page 8 



## **STAGE ONE YOUTH THEATRE** 

## **BALANCE SHEET 31 AUGUST 2025** 

|31.8.25<br>Unrestricted<br>fund<br>Notes<br>£<br>**CURRENT ASSETS**<br>Debtors<br>12<br>24,006<br>Cash at bank<br>19,651<br>43,657<br>**CREDITORS**<br>Amounts falling due within one year<br>13<br>(2,371)<br>**NET CURRENT ASSETS**<br>41,286<br>**TOTAL ASSETS LESS CURRENT**<br>**LIABILITIES**<br>41,286<br>**NET ASSETS**<br>41,286<br>**FUNDS**<br>15<br>Unrestricted funds<br>41,286<br>**TOTAL FUNDS**<br>41,286|31.8.24<br>Total<br>funds<br>£<br>13,351<br>16,281<br>29,632<br>(2,347)<br>27,285<br>27,285<br>27,285<br>27,285<br>27,285|
|---|---|



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: 31 March 2026 


**----- Start of picture text -----**<br>
.............................................<br>Stephen Michael Clark - Trustee<br>**----- End of picture text -----**<br>


The notes form part of these financial statements 

Page 9 



**STAGE ONE YOUTH THEATRE** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025** 

## **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. 

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continued... 



## **STAGE ONE YOUTH THEATRE** 

## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2025** 

## **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** 

|31.8.25<br>£<br>Donations<br>289<br>Gift aid<br>4,722<br>Theatre tax credit<br>9,480<br>14,491<br>**3.**<br>**OTHER TRADING ACTIVITIES**<br>31.8.25<br>£<br>Fundraising<br>6,957<br>Merchandise income<br>2,064<br>9,021<br>**4.**<br>**INVESTMENT INCOME**<br>31.8.25<br>£<br>Deposit account interest<br>165<br>HMRC interest<br>17<br>182<br>**5.**<br>**INCOME FROM CHARITABLE ACTIVITIES**<br>31.8.25<br>Operation<br>of Youth<br>Theatre<br>£<br>Subscriptions income<br>27,712<br>Ticket sales<br>17,981<br>45,693|31.8.24<br>£<br>7,396<br>4,200<br>9,077<br>20,673<br>31.8.24<br>£<br>7,778<br>1,494<br>9,272<br>31.8.24<br>£<br>40<br>-<br>40<br>31.8.24<br>Total<br>activities<br>£<br>23,872<br>26,332<br>50,204|
|---|---|



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continued... 



## **STAGE ONE YOUTH THEATRE** 

## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2025** 

## **6. RAISING FUNDS** 

|**Raising donations and legacies**<br>31.8.25<br>£<br>Programme and DVD expenses<br>-<br>Merchandise and other expenses<br>1,493<br>1,493<br>**7.**<br>**CHARITABLE ACTIVITIES COSTS**<br>Direct<br>Support<br>Costs (see<br>costs (see<br>note 8)<br>note 9)<br>£<br>£<br>Operation of Youth Theatre<br>50,333<br>3,560<br>**8.**<br>**DIRECT COSTS OF CHARITABLE ACTIVITIES**<br>31.8.25<br>£<br>Rehearsals expenses<br>17,916<br>Storage expenses<br>5,082<br>Show expenses<br>27,335<br>50,333<br>**9.**<br>**SUPPORT COSTS**<br>Governance<br>Management<br>costs<br>£<br>£<br>Operation of Youth Theatre<br>1,865<br>1,695<br>Support costs, included in the above, are as follows:<br>**Management**<br>31.8.25<br>Operation<br>of Youth<br>Theatre<br>£<br>Insurance<br>692<br>Sundries<br>828<br>Marketing, website and social media<br>345<br>1,865|31.8.24<br>£<br>1,325<br>4,012<br>5,337<br>Totals<br>£<br>53,893<br>31.8.24<br>£<br>16,940<br>4,230<br>30,724<br>51,894<br>Totals<br>£<br>3,560<br>31.8.24<br>Total<br>activities<br>£<br>660<br>320<br>1,319<br>2,299|
|---|---|



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**STAGE ONE YOUTH THEATRE** 

## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2025** 

## **9. SUPPORT COSTS - continued Governance costs** 

|**SUPPORT COSTS - continued**<br>**Governance costs**|||
|---|---|---|
||31.8.25|31.8.24|
||Operation||
||of Youth|Total|
||Theatre|activities|
||£|£|
|Independent examiners fees|1,695|1,575|



## **10. TRUSTEES' REMUNERATION AND BENEFITS** 

There were no trustees' remuneration or other benefits for the year ended 31 August 2025 nor for the year ended 31 August 2024. 

## **Trustees' expenses** 

There were no trustees' expenses paid for the year ended 31 August 2025 nor for the year ended 31 August 2024. 

## **11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES** 

||Unrestricted|
|---|---|
||fund|
||£|
|**INCOME AND ENDOWMENTS FROM**||
|Donations and legacies|20,673|
|**Charitable activities**||
|Operation of Youth Theatre|50,204|
|Other trading activities|9,272|
|Investment income|40|
|**Total**|80,189|
|**EXPENDITURE ON**||
|Raising funds|5,337|
|**Charitable activities**||
|Operation of Youth Theatre|55,768|
|**Total**|61,105|
|**NET INCOME**|19,084|
|**RECONCILIATION OF FUNDS**||
|Total funds brought forward|8,201|
|**TOTAL FUNDS CARRIED FORWARD**|27,285|



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continued... 



## **STAGE ONE YOUTH THEATRE** 

## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2025** 

## **12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** 

|31.8.25<br>£<br>Other debtors<br>24,006<br>**13.**<br>**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**<br>31.8.25<br>£<br>Deferred income<br>691<br>Accrued expenses<br>1,680<br>2,371<br>**Deferred income**<br>Deferred income comprises subscription income received in advance.<br>31.8.25<br>£<br>Balance brought forward<br>772<br>Amount release to incoming resources<br>(772)<br>Amount deferred in the year<br>691<br>Balance carried forward<br>691<br>**14.**<br>**LEASING AGREEMENTS**<br>Minimum lease payments under non-cancellable operating leases fall due as follows:<br>31.8.25<br>£<br>Within one year<br>8,400<br>**15.**<br>**MOVEMENT IN FUNDS**<br>Net<br>movement<br>At 1.9.24<br>in funds<br>£<br>£<br>**Unrestricted funds**<br>General fund<br>27,285<br>14,001<br>**TOTAL FUNDS**<br>27,285<br>14,001<br>Net movement in funds, included in the above are as follows:<br>Incoming<br>Resources<br>resources<br>expended<br>£<br>£<br>**Unrestricted funds**<br>General fund<br>69,387<br>(55,386)<br>**TOTAL FUNDS**<br>69,387<br>(55,386)||31.8.25<br>£<br>24,006<br>31.8.25<br>£<br>691<br>1,680<br>2,371|31.8.25<br>£<br>24,006<br>31.8.25<br>£<br>691<br>1,680<br>2,371||31.8.24<br>£<br>13,351<br>31.8.24<br>£<br>772<br>1,575<br>2,347|
|---|---|---|---|---|---|
||||31.8.25||31.8.24|
||||£||£|
||||772||1,074|
||||(772)||(1,074)|
||||691||772|
|||||||
|||||||
||||691||772|
|||||||
|||||31.8.24<br>£<br>3,685<br>At<br>31.8.25<br>£<br>41,286<br>41,286<br>Movement<br>in funds<br>£<br>14,001<br>14,001||



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## **STAGE ONE YOUTH THEATRE** 

## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2025** 

## **15. MOVEMENT IN FUNDS - continued** 

## **Comparatives for 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|
|Comparative 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|



A current year 12 months and prior year 12 months combined position is as follows: 

|**Unrestricted funds**<br>General fund<br>**TOTAL FUNDS**|Net<br>movement<br>At 1.9.23<br>in funds<br>£<br>£<br>8,201<br>33,085<br>8,201<br>33,085|At<br>31.8.25<br>£<br>41,286|
|---|---|---|
|||41,286|



A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: 

||Incoming|Resources|Movement|
|---|---|---|---|
||resources|expended|in funds|
||£|£|£|
|**Unrestricted funds**||||
|General fund|149,576|(116,491)|33,085|
|**TOTAL FUNDS**|149,576|(116,491)|33,085|



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**STAGE ONE YOUTH THEATRE** 

## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2025** 

## **16. RELATED PARTY DISCLOSURES** 

There were no related party transactions for the year ended 31 August 2025. 

Page 16