Company registration &be[. 591781 Ch8rityrcgistrationnumb¢r. 211361 The Stables Trust Limited (A company lirnitvjby BaTtr•) AnttualRcport aDd Financial St8t¢mellts for tb¢YearEtkdrA 30 Septeuiber 2022 M8nningWIt 39 Higb Stre¢t Battle EB8t Sussex TN33 OBE
The Stobles Trust Llmlted Contents R¢f¢rencE and Administrotiv¢Detalls Ttv8tee8' Report 2to5 StateuMto£Tru#¢eé Respon$il>ilitie8 1ndendentBx8lllds R¢p¢xt Stat¢metttof Y¥ll¢M1 ArtlvitL 8t09 Balallce Sheet Ioto 11 Not¢5 tyth¢FiThancial St*ements 121021
The Stables Trust IAmited Referen¢¢ and Admlntstratlve Dttsib Trustses Neil Sellrw thaiThfjan Henti Hayler, Tr¢osur¢r HarrietD, Secretary Cliff Brook Mikr Willard David HdIng Yvonne Rtts Andr¢w White Colin Donn Frth I¢[$ ReglBtsred Office The StAbl¢s The Iligh Stseet Hastings Eost Sus5¢X TN34 3BY The¢harityi$ inwor8tvJ in England and Walw. 591781 CornpAny Reg15trnttoffj Number rlty R¢ trAtIoD Number 211361 Bankor8 NationalWe5¢minst# Bankpl lodE Ro Ha5tittgs TN34 IBW Hampshire Trust Bank PO Box 74003 London EC2P 2QR M¥nningtons 39 High Street Battle East Suvtsex Ind¢pdenIExlmIll¢r Th33 OEE Pa8¢ 1
The Stabl¢> Trnst Llmlted Trnsteesl Report Th¢ tru8te¢4 who are dlrector$ for the purpose8 of corr4any law, wtsellt thE antwal r•rA)rt togeth* with the fiaan¢ial stst¢m¢lltsof th¢chaTitabk Compally for th¢yur ¢nd¢d 30 Sept¢mbrr 2022. ObJ¢ethfes and 1VIde$ ObJe¢ts•Mdakns The obie¢ts of th¢ tharity ar¢ thB prGs¢rv4tiCO of The Stabl¢s' iwilding and the education of the publi¢ irt tho drarAatic arf& Th¢ ¢barity owls and occupies lThe Stableg building. Havin8 illitlalty restor¢d tb¢ Ihffl d¢trli¢t Grad¢ 2• listed buildin8 and wiverted it into a theatre$nd arL8tr4 thccharltycorAtizwc$tt& mailaln and opwate it. ObJeedve4 sIMleRks 4nd qdlvldes The &trateBy of th¢ charity is to provide the pulAic with opporhjrtitiu to experienc¢ the dr&malio arts at all l¢vel vkn¢ther as dirtct participants or •udienc4 8Dd al offord&ble ¢051, Th¢ stsbleb v¢nu¢ i80pErated entirelyby volunleer members uod¢rt8ke all the tasks Sociad a theatr¢ Jnd ottscentre, such stag¢ mallx8emioL 8Etdesi8n and buildi ligbting #nd sound, Mrdrob¢ art Bally mattaBerAeni box offic4 b/r and front of how¢ duti¢s. For th4)se Mi6hing to act or dir¢ the thaTLtyhas an am&taW group which producrs 9-10 plays eath y¢ar to a very hi stgndard and is a rnbEr of th¢ Little Thutre ClId of Gre&t BritaitL In addition to Ihe8¢ play4 towing and ¢Ah¢r professional proJuc(ions are sta8¢d, th¢ facilities ar¢ madr &vailabl¢ to other local amatqr and wmmumity groiip5, •rt lbItIo 8r¢l)¢ld eath month in th¢galloy and worknhop8 and otb¢r it¢ms are pro8r8mmd. Publ1¢ benefil The tru8t¢¢s confinn that they hav¢ complied with th¢ r¢qviretn¢nts of 17 of the Chiritie8 kn 2011 to hav¢ dueT¢8aTdto th¢ publi¢ benefit Buid&llcr publishcdby th¢ CbarityCimmi5sion for Bngl8nd and Wales. Struetsrfy And mAnag¢meot The Sthbl¢$ Tr Limitcd is a company lithited by gu8T8nke 8ov¢rnd by its memorAttdum and articles of sociatloL 1¢ is l$leted as a ¢haiity Vlitb th¢ Charity Commission. Attyone over th¢ age of 18 can b0th¢ a memb¢rofth¢ company and thore cufftnttyabout 1.800 member8. Trnstees ar¢ ¢iectd aTInUlY by tho memb¢r8 Qf the d>8Atwbl¢ rompany attenilinB the Ann¥81 a¢n¢rgl M¢etin& All m¢mb¢rs ar¢ circulatoj with invilations to nomin&l¢ t[t9 prierto the AGM advislng Ih¢m gf thB r¢ti¥in8 trwt¢¢s and requestingllomln8tions for the AGM. IiidMc¢loh ¢MINlngoflrMslees New tsustres undergo an orienlstioll sessioii to lef them on their l¢Bal obli8ations und¢r charity8nd compgny law, th¢ ¢ont¢nt of th6 memorandum &rtd ti¢lty of a880¢ialion, th¢ dlSIon proc¢8sqs, th¢ busitke85 platt ond recen¢ financial perrornw of th¢ rhatity. They will b¢ 8xven a tour rf th¢ building &nd on outline of th¢ work of th¢ v8riw8 d¢pwtm¢n Pago 2
ThÈ Stables Trust Llmlted Trn$t¢esl Rtport AYMiwmelltslor$gttlngkey niouag8mulp¢rsonwelv¢munerl0•rt Th¢ ch#rity does uot ¢rnploy 8tty indivldual4 tru8te¢S 8nd key manageDKnt c¢mtributs thetr time oll a voluntary ba81& P•g¢ 3
The Stables Trnst Llmlted Trnste¢sl Report 0ry4nlsArftmalslruciiire The coNncil of managffjnt (the trustees) meets reBulaTly to adminits the charity. Day to day operati of th¢ theatre is in thr hands of various d¢pllrtMa1 groups e4¢h of which h¥s a tru8t¢¢ linkto the couocil. Mqjorrlshs ofihose rls GeneralRIrtM4Magentrtt The trnstees havt a risk stratewhIch ¢omprise8 art ongoinB rl¢W of th¢risks th¢ ChltyaY fa¢ th¢ establishment of sy8tems and pr¢thir¢S to mitiga the idrntified risks,, and the iMpltIM of procedure5 d¢si8n¢d to minim1 ypOt¢ntjal impad on th¢ Fhgritythouldthos¢ risks materialis¢. Afhl¢vemwhts #Dd performan¢* Th¢ Stables Th¢¥tre stheduled a fvll season with no soBial restrictions 2021122. In hou$¢ stablm kwoduclion including Di81 M for Mwdtt, Run for Your Wife (which went on twr to Chl¢&BoUSA) Hay F¢v¢r, Who's Afraid of VirBini) Woolf (pla in thcround) attd th¢muSi1 HoDk all pla1 to very en¢oura8iti8 audi¢n¢. Gallery Cott¢¢ attracted c•pacity audienc duri08 Spring {ClassiLYI rDwi¢) and Awtwnn (PO1 music) providlngev¢nts and in¢om¢ for lh¢ theatre whilstth¢main spatt wos c105ed for geibuildill The new 8ooBle wwkspAce is being used to 8re4t effect for the t¢¢hnically staffing the theatr4 we would like to d¢v¢lop thi$ for Fo Bar Box Office volnterr& Mu6ic ¢yeI5 ¥¢ bringitig in anew audi¢ncett)tk¢ theatre Jnd ¥ well as the Art Gillowicert8. w¢ h&vchad thr sell out events in the Tnain with local PTofossionRls Lian¢ Carroll & Petc Pres)tt, Kin8 Siz¢ Sllm SmokinE Jacket LI Band. Youth Th¢&tre rrbJrn to a tWO•w¢¢k event kn 2022 ¢nding in three publi¢ perfonttall¢¢& Th¢ Stables al8Q supported thryoullg Mvsieian of the Year c0mpciitio hostiftgthe region heats, Youn8 people acc¢85intyvsing th¢ thelltr¢ Continues to be one of our major pzioritits and more plans ar¢ iti place to delOp thi8 throu8h 2023 into 2024. W¢ are 3cliv¢ly cllcoura8itiB links with local colleB¢4 and gehools 8ttd hav¢ hwj sev¢rnl wupsvisit attend thethe4tre. As thes¢ link8 Brow, we ar¢ hopirtg we will #ble to olY¢r sbJdEnts worft ¢xpericttce wllthiTL thBth¢&tr4 ¢r¢atiD8 herita8G We have witinU] to grow our memberthip base, develop inform•tion Sharing atMI wline bcdting. Audie¢ Su¢y$ I£ shompn that the theatre is p¢rfonnin8 w¢n' PTOBramminsi ¢QSt, friendlin• vu¢ for mon¢y and petf¢Jnn8llLf314nderd5 411 scor¢ 'ex11¢t,. Page 4
The Stables Trnst LILnlted Trustees, Report VoluD¢rs Always v¢ry high ott our prkwityli$ both terms of 'we need you. and alitUd#, A great t¥slarA¢nt to the skills and dedication shown by all is OUT sizable inclusim in the b()k Theatr¢ in TOMTLS. th¢ bk offtrs a contemworypersp¢ctiv¢ on the role of Ih¢atr¢ in th¢ cultural lifE towns England, and was written by Professor HelenNicholson and Dr Carn (jraY 5POIE8or¢d by the andHwn8niti¢s Res¢aTch Council of BnglaRd, There 4r¢ two main driving foTces At the Theatre r¢m#ln The Cowicil of Management alld Fro8mMe AdviSY Group, Over th¢ past twelve months w¢ v¢ been lty)kin8 at the history and different 'mgkeups' of the Council of Man88¢m¢Dt Lnd thish8s led to è SP1&1 Tesolution brirt8 proposed at the 2023 AGM. The Pro8rgmme Advisory is staTtiJ]8 to work more c0tl4boiati1Y with outside companies, shaiing ski114 time attd Tesi)IlT¢es, as w¢ll as encouraging pottrttiil n¢w audienc, New writing produclions wet¢ very successbjl, H¢re At188t is Lov¢, Seventh SwiTDmer aDd WhiskEy and Soda all atlracted w¢ll above averago audiengt& Firsl B to Ballinabeg. willnu of our 2021 ¢ompEtition op¢ned our 2023 season with 80Yo audience figwes. Th¢ Stsbies New Wriling CotrbP8tit4(n for 2022 hass¢lected two winnillu plays th•twill b¢ produced in 2024. For thos¢ of Y who b&ve Cl¥LtinuuJ to support the ¢he2tr¢ as we coiitiDYe to develop our progrBmtitioB and U with the local community, I hope you hav¢ fout)d itwelroming and ex¢iting> for those of you who have givenup your time as avOlUnt in Whatev¢rEaclty, Th#nk You. Flnanclal revloiv Poll¢y t)M resems By h8ving apoli¢y of 0rating enliTdy with volurtt¢ers tbe ¢haEity 1$ able to meet tho normal Msts of its activities without thr ne for Te8uiaT grant funding* However. 1¢ is th¢ policy of th¢ tru8W maintsin free r¢serve$ of £30.00(> to cover possible emergency r¢paiT8 to th¢ building and other conlin8ellci¢s. The actual free Te5¢rves atth¢year cnd date, that is thnds whith are not restri¢ted or f¢Sented by fixEd assets or designated by the lJuste¢s ts a particulsr piirpose, were £170,130. whiehth¢tnJste¢s ¢onsider is satish¢tory. Inv¢slMeP0lkY1Nd0bj¢CIfv Under the memorandum And artirlts of association tILeehllrityh thr power to inve5¢ in any way the tnIst¥ wish. Thv trust¢¢5, having rB8Ard to the liquidity r¢quiT¢mfflts of oporating th¢ theatr and to the reserves policy> have opBratEd a policy of k¢oing avai18bl¢ Ibnd8 sn an int¢r¢st bearing dwit amnt which p4y8 a rat¢ of inltte5145 close aip055ible tothe rat¢ of inllation. PaEe S
The St4ble8 Trust Llmlted Statement of Trusteesl Responslblllties The trllStee5 (who ar¢ th th¢ dire¢tors of The stsbl¢s Trust Lirnitcd for the putyoses of mpany law) 8r# r¢sponsibl¢ for preparing the tru8tE¢¥ [Ort and th¢ financial stat¢ments in accordance with the United Klngth Accounting Stslldar (Unil¢d Kingdom (T¢u¢rally Accept¢d A¢counling Practi¢¢) and applic4bl# law and r¢gulatioi CoMpY law F¢quires th¢ tnJ8¢eeg lo prepare financial 9t&tgniEnts for cach financial year. Undw ¢ompaDy IAW the trust¢E$ must not 8pprov¢ the finan¢ial statrnieThts they ar¢ 921isfied that th¢y givo 4 trne and f8ir view of tho 8tale of affairs of the ¢harilqbl¢ CoMpY and of its incoming resourc¢s and application of r#ources. including it% In0 1 expenditsr4 f<¢ thutper1I. In pr¢parill8 these fin8n¢ial statem¢nts, th¢trust¢¢s ar¢ rryylr to,. s¢lecl 8Uit&bl¢ ac¢ountittg policie8 and apply tban ¢onsistmtly, obsuve th¢ m¢thods alld prin¢ipies in thecharities SORP; m4kn judgem¢nts and &4timal<$that ¢[Ca¥08blc and prndenl State whelhff applicable UK Accounling Standords have followed. subject to Any matsrijl dep8rture8 disclos¢d attd exp1¥4ined in the finan¢ial 3tat¢m¢nts; and proare the financial statem¢nts on the goitig £¢t bs5is unless it 18 inapproprlat¢ to prwymg that th¢ ¢karitable coowanywtll continu¢ in busina Th¢ tnistees are r¢spoll5ibl¢ for kwing adva awouAtin8 records that are suffi¢ient to show Illd explain th¢ choritable companl8 traustctions and disclose with re4soDable at aY time tb¢ financial positl¢)n of the dlaritabk compAlly and able th¢m to ensure that th¢ finpn¢i81 stat¢mellts ¢omply with the compani A¢t 2006. They ore alw responsible foT safeguardin8 th¥ assets of th¢ charitable Company and hence for tsklnB reOnIble steps for th¢pr¢vention Wlld dctectioA of fraud and other IgUlarIti. Approved by th¢ tTUStees of the chprityon. .,.. . . . . Tn]st¢¢ Po8¢ 6
The Stables Trust Llmlt¢d Independent Examin¢rls Report to th¢ trustee8 of The Stablo5 Trust Llmlted I r¢port to the chuity trustees on my thnatton of the uwunts of th¢ cllarity for the yo8r ended 30 September 2022 whi¢h 5¢1 out on pages 8 10 21, Respe¢¢lve res$1tte$ tNsts48 ¢xrnlll¢r As th¢ chari8 tt7J8t¢es of Th¢ Stables Trnst LiTnitcd (d also its dire for the Purposes of company law) you ar¢ responsible for the pr¢paration of the accounts in a¢cordance with the requirements of th¢ Comp8nles AeA 2006 {'the 2006 Act.). Havlng satisfied tIf that the of The Stables TtN8t Limited gre not requirea to be auditd undLr Part 16 of the 2006 Act and are eligibl¢ for ind¢pertdt exan)ination, l Tryort in r¢sp¢ct of my ¢xarnitlltion of yow chaTiWs accounts as carried outundff sedlon 145 of th¢ CharitiesArt 201 I ('the20II Act,). In carryang outmy examination I h&v¢ followed the DirE¢tion5 given by ihe CharityCoJrm)i¥sion undu section 145(5)(b) of the 2011 ACL IndeDdellt Bx#ThlM¢r'B st#t•men¢ I havg wmpiel¢d Iny exawlndtlo I confirni that no matters hav¢ come to my att/0 iti conne¢li¢)n with the examinationgiving Cause to bdieve: . &clting Tccords wer¢ Not kept in r¢spert of Thv Stabks Tntyi Limited 08 requir7 by sfftion 386 of th¢ 2. th¢ aecounts donot 4ceord those reeords. or 3. the a¢wunts do not comply with the accounting r¢quir¢rrt¢nts of section 396 of th¢ 2006 Act other th requir¢m¢Dt that the &ccounts 8ive a 'iThe and fair vifflrf which 1$ not a matter considered a5 Part of an independ¢ni ex2min4tion' or 4. the accounts have not been prepar in accordance with the m¢thod8 and principl¢s of the Stat¢mMI or Re¢ommrnded Practice for accounting and reporting by chaTities [applicable to chorities pr¢pAring th¢ir accounts in a¢¢ordanc¢ with the Financlal Rq)orting Sland&rd applicwbl¢ in the UK and Ryblic of 1rdd RS 102)]. I have no eollcern8 and hwv¢ com¢ ¥¢ross no other m&tt¢rs in ¢ortnection Nryth th¢ ¢xarAin&tioti tr) whi¢h altenti sbould be dT&Wll in this r¢port ith ordcrto cnable aproperulld¢r8tandittg of th¢ a¢counts tobB re&cbrAI. alsh FCCA 39 High Stree¢ Battl¢ East Sussex TN33 OEE Date:...e,1,I25 Page 7
The Stables Trust Llmltsd Statement of FlThaneial Actlvltle5 for the Year Ended 30 September 2022 dydlng Income and Expendlture A¢eount and Statement of Total Recognis¢d Galns and Los8es> Unrostrl¢t¢d funds Rtr8trl¢t fuDd¥ Tot#1 2022 Note In¢om¢ and Endowments from: DonJtioDs and legacieB Charitable a¢t1tIcS Inv¢strn¢nt inwm¢ 32,066 151.719 82 32,066 151.719 82 Total income 183 867 Eyp•ndltur¢ Wl Charitable livItie 167 120 1,348 Total expendire Net incomd(¢xp¢nditiwB) Nel n¢Mellt in funds Re¢onelllllon Dffimdl Total tknnds brought frnd Totsl fimds [lEd forwthl 167.120 168.468 1.348 16,747 (1.348) 15?99 460 475 477 Th¢ Dotes on p88¢s l2 to 21 forni an integral pirt of these fin8llci•I 8tstcm¢nts. Pa8e 8
The Stables Trust Llmlted Statement of FlnanclAI A¢tlvltle8 for the Year Ended 30 September 2022 (In¢ludlng Income and Expendlture Account and Statement of Total Recognlsed Galns And Losses) Unrestrlcted fyDd$ Re8trlctsd fund8 TotAI 2(121 N•tè In¢om¢ And End(swmÈ•ts frbm: Donations and leg4ci ClwitHblE #¢tivities lrtvesiment in¢ome 97,506 37.607 1.61 97.506 37,607 Total income 136,713 136 713 Exp¢xdllur• on: Chorttk ¥tivities 110499 1.06 Ill565 T+Dtal exp¢ndituro Net inmd(expendltur¢) N¢t movemeTrt in R¢¢Dn¢llladon of f¥Ddi Total fimds broughtfonvard Totsl fd8 ¢aTried forward 110.499 111,56S 26 214 26,214 (1.060 25.148 434 261 459 720 17 460.475 All of th¢ charitys actlAts¢s deriv¢from ¢ontinuing owations during th¢ abov¢ two p¢riryJs. Th¢tsnds break¢lown foT 2021 18 8hown in note 17. The not¢s on p&8es 12 tc* 21 foTm an inte8r81 part of th¢s# fjttoncial $t4tem¢nts. Page 9
The Stsbks Trnst Llmlted (Reglslratlon number: 591781) Balanc¢ Sheet as at 30 September 2022 2022 2021 Note FlThl a59ets Tgngibie ets Current 885¢ts 12 330.137 320,477 13 14 Is 2,704 5,639 170.120 2,564 7.(Ki6 162 515 Debtors Cuh atbsnk and iti hand 178,463 172,085 Cr¢dltors: Amoyftts fAllln%du¢ wltblll oDe year 16 8.333 N¢tcurr¢xtAsMts 170 130 164.391 Nrtwsets 484 868 the eharlty: R¢strlct¢d lJ¢omB Cwd8 Re51rithd lldS 17 23,045 24,393 Ullrtrl¢ted In¢omB funds Unrestrictd llmds 460 475 Totsl fynd$ 17 500 267 For th¢ financi81 y¢or endiThB 30 September 2022 th¢ ¢baritywas entitled to exemption from aud{tUnd scEtiOD 4T1 of th¢ CompaDiH Act 2006 relating to sm&ll wmpanies. Directots, respoNibilities.' The roornbErs h*v¢ not requir¢d lh¢ ¢harity to obtain an audit of Its Iortts for the yrar quethi4n in acwTdancewiths¢ction 476. and The dir¢¢tors f4thiowledge thcir Tewn8ibilitie8 for complylng with th¢r¢quir¢m¢nts of the Ac¢ WAth to a¢¢ountingtt¢ordB and th¢preparation of a¢¢ounts. These accounts have b¢en prep8roJ in g¢¢ord8nce wlth the pr(>Yisious appli¢abie lo compaai¢s 8ubje¢t to the small ¢ompunl¢s reglth Th¢not¢s on pwg65 12 to 21 form an integral part of th¢8¢ financi818tatwn¢nts. g¢lO
The Stables Trust Llmlted (Reglstratlon number: 591781) BalAne¢ Sheet a8 at 30 September 2022 Iln8ncIo1 stetenThts on page8 8 to 21 w¢ro approv¢d by the tNstees, and authoristyj for issue on .,.. . . . ised on theirb¢half by,. Ntil Sellrttan Th£ notes on p8g¢8 12 to 21 form 3n inte¥1 port of thd¢ fin8n¢l81 ststenwkts. Fagoll
The Stables Trust Llmlted Notes to the Flnanclal Stst¢ment$ for the Year Ended 30 September 2022 I Chgrltystaivs Th¢ ¢hwity is a ¢haTity lio)itcd by gu•rante¥ and th)8¢qurntly does not have shateapitsl. Each of the memkn is liable to ¢olltsibut¢An amountoot exce¢din8 £1 lowards theasset8 of th¢¢harityin the ovent of liquidation. The addre&8 of itstegistered Offi 1$,, Th¢ Stables Th¢atr¢ Hi8h Street H8Stings Egst Sussex TN34 3EY 2 A¢¢own¢lng pollcles Swllmary of A8M1fi¢9nt acc0wltlg p•llcl¢8 and key accounthig 48tlm*tes Th¢ principal a¢roullting polici 8ppli¢d iti the preparotion of these fin&ncial statem¢Dts ar¢ sel out below, Theso pol1¢$ ha be ConsisteIlY#Pp1led to all theyt4TY pre8ellte unl¢ss othenvise stated. The fiHuLcial staten) have be¢n preparu] kn 4¢cord8nc¢ with Aw)untinB and kcportinB by ChE4ritt¢¥'. Stalmient of Recommended Pr¢ti Applicable to charities prepwing their accounts in ar¢ord&nce with the FiThan¢ial Reporting Standgrd &pplicobl¢ in the UK and R¢publi¢ of Ireland (FRS 102) (effertive l January 2015) - (Cbbrjti45 SOBP (FRS 102)). the FInrIal ReportiU8 Standard 8pplicthl¢ in the UK Republic of Ireland (FRS 102) and th¢Companie8 Act 2(KJ6, Bads of pr¢p#rJitlon The Stable& Tru51 Limited meets the dEfinitioll of a pubU¢ l)enefit entity FRS 102. A86¢ts and li•bilitie5 ore initi[Y reco73 at h1#OTi1 c05t or tr8nBadion value unless oth¢nvis¢ stated ill the rd¢v8nl sc¢ounting policy Gthg tCer The trustees ¢on&ider tIt ther¢ or¢ no mat¢rial un¢wtaints about th¢ chgritl8 ability to ¢ontinuc u a 8oin8 ¢ODcemnor any si8nificwntoreas ofuncertainty that affe¢t th¢win8 valu¢ of assets hdd by th¢¢h8rity. Ex¢mpdoll from pr¢pAr5Jg Ilow gtAtenWAt The chlty opted to adopt BulletiD I published on 2 F¢bruary 2016 atid hav¢ therefore nrt indud¢d a cA5h 11 &tatem¢ntiA these fill8n¢ial statsm¢nt& Io¢ome gnd udowm¢nts All income is r¢cogni8ed once th¢ ¢barity entitlcment to the itt¢omE, It is probable thrt th# tn¢omt wlll be reg¢ived and th¢ a)nountof the In£ rweiv#ble con b¢ m¢)SUTdr¢li&bly. Pa8¢ 12
The Stables Tht Llmlted
Notes to th¢ Flnanclal Statethent$ for the Year Ended 30 September 2022
Donations ar¢ regniSed wb¢n tbe cb&rity has been notifid in wri¥ of both the arttount and Settlement
th¢ ev¢ll¢ that8 don8tion is subi¢¢t to condition8 th&t r¢q¥iTe a level of p¢rforniance by the chaiitybFfor¢ the charity
1$ entitlryl to th¢ fvnds, the income is d¢feJYed &nd not TKog415 until ¢ith¢r thos¢ CODditi
The Stables Thist LID)It¢d Notes to the FAnandAI Statements for tht Y¢ar Ended 30 Septembtr 2022 Th¢ charityis cottsidered to WJ88 IELe tests s¢t out in Paraap I Schedule 6 of the FinaweAct 2010 and th¢refor¢ it meets the d¢finitioL of a tharitabl¢ con]pany for UK corppration tax purposek Accordingly• the chaTityi$ polen¢ialty £x¢mpt from taxaticfj IR r¢syect of income OT ¢aPit41 gains tIVed cat¢gories cover by Cbaptrr 3 Part 11 r)f the Corpwation Tax Act 2010 or Section 256 of the TaxatiOD of ChArgeable Gaius Art 1992, to th¢ ¢xtent that such inrvmeor gaius are applied exclu5iv¢ly to charitablepuryoK8. Tanglble Ilx¢d iss¢ts Individual fixed ass¢ts wstin8 £100.00 or mffe ar¢ ittilially [orded at cosL 1¢$$ any 8ubsequ1 accumulat•l d¢pi¢ciation subscqu¢nt &ccumulot¢d imp&iTm¢ntloMes. Depr¢¢l4don •lld thmortiMtIoD Depreciation is proTrided ¢)n tanglbb fixed ll88ets so as lo write off the cost or vAluati<fjL lus any estimated rwidual over th¥reX1 w¢1 ecimomic life as follows., A$8et Class Freebold iDlerestill land attd buildin88 FixtwK fittings and eq1pment DepreclAdM method lld rnte 2% straight linebasi8 4Vo- 25% on th¢ r¢ducing bal¢¢ Stock is valued at the lower of cost tsod estimated seilln8 wice leBS ¢03ts to complets md sell, &ft¢r due r¢80 for obsolete al 8low mQViD8 StkS. C¢)si is detenninoj usingthe fiT¥¢-in, first4)Ut{FlFO). Tr40od¢bt•r Trade debtors are due from cM8tomers for merc1Wl sold or 8¢rvices perforned in the ordinary cours¢ of busitte4$. Trade debtors aT¢ recognised irtitialty at the tr40stiOn price. A pTI)vision for the impaimTht of tr8d¢ d¢lAor8 1$ established wbeD th¢tt is obj¢¢tive that th¢ ck8rityvrill not b¢ able to wllect 811 Imowits due •c¢ording to theorigindtErn¥g of there¢eiVabl. Cgsh alld ¢&9b equlvalentB coth equivalents compriB¢ on Iwd and call deposits. and other $hort-t¢rn h&8hly liquld investmts thatarer£adily¢onv¢rtibl¢ lo a know wnouutof Cash and ar¢ subi¢rt to art insilfirtri8k of ch8nBe Ill1¢. TrAde ¢r¢dltor¥ Trad¢ creditors gre obligations to pay for go(¥Js or serYi¢rf that hav¢ b¢¢n acquirJ in the ordinary course of busiofs8 from suppliers. Accounts p*yabl¢ are classified as cumt liabilli1 if th¢ ¢harity do not have an unconditional rl8bL at th¢ ¢nd of th¢ reporting perio(L to def¢r s¢ttlement of the crltOr for at Iwt twelve &ft¢r th¢ reporting d&t& If thore 18 an unconditiozd right to def¢[ 5¢tt1emcnt for at Iwt twelv¢ months aft¢r the reportill8 d&t¢, tbey artpr¢sented a5 W)-CUTrcnt liabilitie& Trade cr¢dltorsarer¢wis¢d initiallyat the trv4llBa¢tion pri¢¢. Page 14
The Stables Trust Llmlted Notes to the Flnanclal Statements for the Year Ended 30 September 20ZI Unr¢stricbJ In¢ome fund8 •r¢Ben¢ral fiinds that drealIabl for atthe tnte¢S,8 discrEtion ill fi]rtherInof the objectives of th¢ charity. De5i8n&ted thwds are unre$triLtsJ fvDts8et aside for sp¢¢ific purpwes at thedis¢rdii)n of thetrusttts. R¢5tricted in¢orn¢ fvtt4ls &r¢ th05¢ donated for use iti a paTticu]ar ate) or for SifiC purposes, th¢ of which is restrict to that area orpurpose. 3 lll¢ome from donatlom #nd legacl&s Unre8trl¢tsd Totol 2011 T•tal 2•21 G•x¢rgK Appeals ¢nd donatlo GTants, including pIts1 grlnts; Governm¢rtt allL5 MembeT$hip $ubsrripti¢Jns Sponsorsbip 7,027 7.027 9,156 9,786 14.053 9,786 14,053 74,876 12.274 4 kn¢om¢ from ¢bwrit9ble aetlwltles uretrIcted fuDds GeJ¢r Tot41 2022 Tot741 2021 Admissi charg¢$ 8ndpr4)yamn Bar incijme Art g&ll¢ryincom¢ Thcatre and StMe hir¢ CxheT in¢ome 113,862 31,278 1,956 490 113.862 31.278 1.956 490 4.lJ3 ksl 719 23,140 8.422 1,430 2,312 151719 37,607 Unrestrl¢t¢d funds Gen¢ral Totsl 2022 Total 2021 IntereslTec¢iv3ble and simllarincome" ]nter¢streceiv8bl¢ b3nkd4osits 82 Pag¢ l5
The St9bl¢s Trust Llmited Notes to the FInancI Statements for th¢ Year Ended 30 September 2022 6 EApendltur8 on cb4Tltable 8ctlvldes Unr¢gtrlcted funth DeslgDt¢d Restrlcted Totgl 2022 Totsl 2(121 Not4 OpErati( of theatre aod A theatre Dtprcciatio arnortisatis artd oth¢r Jlmilor 131.456 151,456 97,156 14,960 600 1,348 1fy412 61 13,809 600 104 167.016 168 468 A¢tlvlty nd4rtgke dlr¢¢tty 21J22 2•21 ProductÉonseosts Bar purchases Training Art gall¢ry¢o5ts EstAblisbm¢ntcosts Repair8 andmaittt¢rvdnce Offi¢¢ exp¢wtS Printin& postingand stationuy Swndrygnd otbucosts Cleaning ond r¢fuse Morketitig 59,953 19,295 375 1.965 21,510 8,104 8,012 1,468 59,9S3 19,295 375 1,965 21,510 8,104 8,012 1,408 12,299 4,453 70 1.397 17,777 35,067 7,678 3,234 111 1203 11448 9.917 7,207 16.411 1,203 12,448 9,917 7,207 3,319 4,031 3,626 4.205 D¢weciatiollof ¢an8ilA* tlxed 85S¢ts 167 868 167 868 110.965 £166,520 (2021 . £100,499) of the abov¢ expenditur¢ was atttibu¢abl¢ to unttstricted and £l.348 (2021 . £1,066) to r¢5trithJ fimds. PgB¢ 16
The Stable$ Trusl Llmlted Notes to th¢ Finantlal Slatements for the Year Ended 30 S¢ptember 2022 7 Any811 off gov¢rn•ne8 And Support costs GoverDallr¢ ¢05ts UDr¢Jtrletsd Totsl 2022 To*al 2021 Gentral Ac¢ovntsDCy fre5 Other fees pylid lo accountattts 600 600 61)0 600 600 600 8 N¢t1x¢0]1tt0utlo1#g re8our¢ Nel ittrnmiD8resourc¢s for the y¢8r in¢lud Z022 2021 DywiatiMof Gx¢d 9 Tnut¢oJ remrOll Ind expeMs•8 No trustee4 nor 8tty persotts e(Ainect¢d with th¥m, hav¢ reteived yremera1i0n from the ch8ritydurlngth¢ year. Nc+1rnsleh8ytreetIy¢d anYr¢imlrSvj pellEtS from tho ¢baTitydwin8 th¢y¢8r. 10 Staff co8ts TheTrnst dS DQt¢mploy p¢opl¢. Th¢re wre no ¢ttwloyw iu thls fin8nci81 p¢ffiod, nor in 2021. Tb¢¢harityi¥ &TlSterd ¢hArIty is ther¢for¢ ex¥mpt from C4)rporatIcTax, Pw17
Th¢ Stables Trust Llmlted Notes to the FlThan¢lal Statements for the Year Ended 30 Septethb¢r 2022 12 Tall2lble flxed lmets FurAlturB #lld equlpmbnt bulldl Tot*1 Coyt At i October 2021 Additiot)s 334,317 242,99S 377,312 At 30 S¢ptether 2022 D¢pr¢el•llon At i thtober 2021 Chtr8¢ for the yur At30 S¢pt¢L)iKr 2022 Net ljotyk vahe 120.829 136.006 11.263 256,835 125 978 273.247 At 30 Sotember 2022 At 30 Scpt¢niber 2021 109 913 330 137 213 488 320 477 13 Stock 2022 2121 Stock5 14 Debtori 2022 2021 Trade d¢btOT Pr¢p&ym¢nts 120 5.639 IS Cash attd ¢Asb equlvAl•nts 2022 2021 Casb on band Clth Atbank 1.563 168 S57 1.402 161113 170 120 162.515 P&8¢ 18
The Stables Tru81 Llmlted Note$ to Ib¢ Fln#n¢l&l Statements for th¢ Year Endtd 30 September 2022 16 CredltDrs: Amowits fAlllng du* wathlm ODO year 2D22 2021 Trade CTedtto 3,039 2.990 8,333 7.694 17 Fund¥ BAlance at30 September 2•22 Jneonthig t¢Ure¢S O¢tob¢r 2021 exPded Unrestrkted G¢tteMI General fimd 458.631 183,867 (167.016) 475.482 GEOT Leo¢h Memorial fvnd T•tal Unreitrlct¢d 104 460 475 183 867 167 120 Re8trlcted Auditorlwn and A¢¢e$s Project thnd Bar Furnityre 23,707 (1.193) 155 2IS14 531 Total r¢strl¢t¢d Totsl futtd$ 500 267 Pag¢ 19
The Stables Tnist Llmlted Notes to th¢ FAnancll Stt¢ments for the Ye4r Ended 30 September 2022 Balmeè it JO 5eptembor 1021 BAlanee At I October 2D20 In¢oming R¢8ourtes expended UDY¢strkt•J fyDdi G¢fteMI G¢r fijnd 432.340 136.713 (110,422) 458,631 Deslgv#ted George Leoch M¢nwriil fid Total utsr•strleted fuDd8 434 261 136713 110499 Reytrlcted Auditorium Access Project fijnd B2T Furnithwe fvnd (990) 76 23.707 686 762 Tot1 rostrl¢t•l Totfil fwidg 111565 The 8pccifi¢ purp05eJ for wbi¢hthe fvnd8 ar¢ to kn applied are ¥ follows: DeSIat¢d fynd$: FuneTal donattODS f¢spECt of th¢ iateaew8¢ r¢¢¢iv¢d by th¢ d)arity3nd w¢r¢dMi8natul by th¢trnst¢&8 for use in ¥¢pla¢in8thc ¢heatr¢house tab5 {sts8e CUTtainsl. Depreciation on th¢as$ets finarLcrd from the fid aT¢¢har8ed against the nd ba18ll. Restricted fimds: TheAuditOTiUfft and Access Proj¢ct Ibnd was to r813¢ fi]nds for that prtii¢et. These includd agrant from Arts Council England Jnd the Seat Spollsors Stheme. Depreciation on the assets fin8nced from thc fund 18 ¢hargoJ ag&iTJStthe fimd balance, TheBar Fwrtiture thnd ¢)nsists of a grant from thelsobd Blackman FovndatiLm towards the¢ost of n¢w bar 6Jrnitur¢. D¢pr¢ci&¢ion on th¢ ets frosllthe fund is¢lwB41 against the fynd bAlaD¢e. PaBe 20
The Stables Trnst Llmlt¢d Notes to the Flnanclal St&tements for the Year Ended 30 S¢pl¢mb¢r 2022 AnalyAli of llet 1sg¢ts betw¢¢n Totsl at JO Septembor 2022 Unrejtrlcted fimd8 G¢n¢ral DeslgnAt¢d R¢strl¢ted fullds Tan8ibk fixed *88eL8 Cllent ets Cwrentliabilitics 305,352 178,463 8.333 1,740 23,045 330.137 178,463 Totaln¢tgssets 500 267 TotAI Iwids At 30 Septgmb•r 2021 UMr¢Jtrlcted funds G¢nernl DtrslEn•t¢d R¢strl¢tsd fynd$ TallBibl¢ fixed assets Cuff¢nt ass¢ts (knt liabilities 294,240 172,085 1,844 24.393 320.4TI 172,085 Total thtt Sets 458.631 24.393 484 868 Page 21