Company registration llumber: 591781
Charityregistration Dumber: 211361
The Stables Trust Limited
(A company limited by guarantee)
Annual Report and Financial Statements
for the Year Ended 30 Septsmber 2023
Manningts)ns
39 High Street
Battle
East Sussex
TN33 OEE

The Stables Trust Limited
Contents
Reference and Administrative Details
Trustees, Report
2to5
Statement of TnL8tees' Responsibilities
lndepelld￿t ExamineV8 Report
Statement of Financial Activities
8t09
Balance Sheet
10
Statement of Cth Flows
11
Notes to the Financial Ststements
12to22

The Stables Trust Limited
Reference and Administrative Details
Chairman
Neil Sellman, Chairman
Other Officers
Henri Hayler, Treasurer
Trustees
Harriet Davey, Secretary
David Harding
Yvonne Rees
C Dormer
Stuart Baillie
Hugo Trebels
Christine Jane Warrington
The Stables Theatre
High Street
Hastings
East Sussex
TN34 3EY
Registered Office
The charity is incorporated in England and Wales.
591781
Company Registration Number
Charity Registration Number
211361
Bankers
National Westminster Bank plc
Havelock Road
Hastings
TN34 1 BW
Hampshire Trust Bank
PO Box 74003
London
EC2P 2QR
Manningtons
39 High Street
Battle
East Sussex
TN33 OEE
Independent Examiner
Page I

The Stables Trust Limited
Trustees, Report
The trusw who are directors for the purposes of company law, present the annual report together with the
financial statements of the charitable Company for the yEar ended 30 September 2023.
Objecdves and acdvIties
Objects and aims
The objects of the charity are the preservation of The Stables, building and the education of the public in the
dramatic arts.
The charity owns and occupies 'The Stables, building. Having initially restored the thffl derelict Grade 2* listed
building and converted it into a theatre and arts centre. the charitycontinues to maintain and operats IL
Objectiw strategla and activiiies
The stratsgy of the charity is to provide the public with opportunitias to experience the dramatic arts at all levels,
whether as direct participants or audienc4 and at affordable cosL The Stables venue is operated entirely by volunteer
members who undertake all the tasks associated with a theatre and arts centre, such as stage managem￿¢ set design
and buildin& lighting and sound, warthobe, art gallery managemen¢ box office, bar and front of house duties. For
those wishing to act or direct the charity has an amatar group which produces 9-10 plays each year to a very high
standard and is a member of the Little Theatre Guild of Great Britain. Tn addition to these play89 touring and other
professional productions are staged. the facilities are made available to other local amateur and community groups,
art exhibitions are held each month in the gallery and workshops and other items are programme(L
Public benef
The trustees confirni that they have complied with the requirements of section 17 of the Charities Act 2011 to bave
due regard to the public benefit guidance published by the Charity Commission for England and Wales.
structur￿ governance and management
Nature ofgoverning document
The stabl￿ Trust Limited is a company limited by guarantee governed by its memorandum and articl￿ of
association. It is registered as a charity with the Charity Commission. Anyone over the age of 18 can become a
member of the company and there are awrently about 1.800 membcrs.
Recrniiment and appoin¢men¢ oftnutees
Trustees are elected allnually by the members of the charitsble company attending the Annual General Meeting. All
members are circulated with invitations to nominate trustees prior to the AGM advising them of the retiring trustees
and requesting nominations for the AGM.
Inductlon and tr￿"nIng oftnutees
New trustees undergo an orientation session to brief thean on their legal obligations undcr charity and company law,
the fA>ntent of the memorandum and articl￿ of association, the decision making proC￿e8. the business plan and
recent fmancial perf0rnWi￿ of the charity. They will be given a tour of the building and an outline of the work of
the various departments.
Page 2

The Stables Trnst Limited
Trnstees, Report
Arrangementsfor seth'ng key managementpersonnel remunerarfon
The charity does not employ any individual4 all trustees and key management contribute their time on a voluntsry
basis.
Organ&satlonal structure
The council of management (the trustees) meets regularly to administer the charity. Day to day operation of the
theatre is in the han(18 of various departmental groups each of which has a trnstee link to the council.
Major n'sks and man4gement ofthose risks
General Riskmanagement
The trustees have a risk management Strategy which comprises an ongoing review of the risks the cbarity may face.
the establishment of systems and prLKedures to mitigate the identified risks; and the implementation of procedures
designed to minimise anypotential impact on the charity should those risks materialise.
Flnancial revlew
Policy on reserves
By having a policy of operating entirely with volunteers the cbarity is able to meet the norn]al running costs of its
activities without the need for regular grant fimding. However, it is the policy of the trustees to rnaintsin frec
reserves of £30,000 to cover possible emergency repairs to the building and other contingencies. The actual free
reserves at the year end date, that is fimds which are Dot restricted or represented by fixed assets or designated by the
trustees for a particular purpose, were £213.565, which th¢ trustees consider is satisfactory.
Investmentpolicy and objectlves
Under the memorandum and articles of association the charity has the power to invest in any way the trustees wish.
The trustees, having regard to the liquidity requirements of operating the theatre and to the reserves policyg have
operated a policy of keeping available funds in an interest bearing deposit account which pays a rate of interest a8
close as possible to the ra* of inflation.
Page 3

The Stables Trust Limited
Trustees, Report
Achievements and performance
Our October 2022 to September 2023 season was extremely successful both artistically and financially)
ending 2022 with Who's Afraid of Virginia Woolf (Edward Albee) & Honk the Musical (Stiles and Drewe).
this family Chrisknas production gave the opportunity to a nUrnb￿ of the Youth Group to be involved in a
full Stables production.
2023 opened with the winner of our 2021 New Writing competition First Bus to Ballinabeg by Sean Hume
which was followed by a sold out run of Agatha Christie's The Hollow. Breaking the Code, the story of Alan
Thring and its strong lith to Hastings was produced in June with Love and Inforniation by Caryl Churchill
giving an opportunity for a group of actors between the ages of18 and 25. Home, I'm Darling by Laura Wade
- winner of Best New Comedy Olivier Awards 2019 had a set of quick change costumes made for 'Judy' by
West End designer and maker.
Youth Theatre perfornied a new script 'ShelfLifr' by young writer Jessie Lockie. we then took a new
direction and produced Pinter @ The stsb1￿ in the round on the stage, a twfrhandff which sold out. We
closed the season with an artistically acclaimed production of Lovesong by Abi Morgan.
Audience attendance during the 2022123 season was very encournging. Productions have been extremely
well supported during this period and have been continually attracting non-members to the theatr4 many
of whom are now returning customers.
Feedback from audien￿ has been very positive in relation to programming and the range of events at the
Theatre. With our facilities, equipment and the skills we have within the theatre we have been able to attract
a numbff of re￿gUIsed perforniers and artist& with us only working on a box office split all shows have
been financially viable. The challenge now is how we make this sustainable in relation to staffing and
operating thus securing the theatre's foreseeable future.
Youth presence at the theatre has continued to grow during the season, with regular pro•school sessions
from Out of the Bag Theatre, the continuation and development of Youth Theatre, young actors productions
and the establi8hmeLt of a new Youth Board. Work has startal to rationalise this area of the theatre and to
embed Youth work into our ethos and forward planning.
Stronger partnerships are being forged with outside companie& We bave IMI able to offer a 'home' to
¢ompanies who have108t St Mary in The Castl4 provide development and perforniance space for local
professionals. continue our relationship with other local theatre and dance groups and have Start￿ a
dialogue with the new managers of The WhiteRock Theatre.
2023 will be a year when we need to focus on the development of technician& SM & Operators. They are
vitsl to the survival of the theatre and it cannot be left to just a few. Students from both East Sussex and
Bexhill Colleges have become a vital part of our team, and we have created a very positive symbiotic
relationship, experienced members of the theatre have worked closely with students on set design/ set
painting/ lighting design and rigging.
Page 4

The Stables Trust Limited
Trustees, Report
Achievements and perforniance continued..
Volunteers are always very high on our priority lis( both in tern￿ of '%ve need you" and gratitude. The
professionals we have been working with over the last eight months fmd it hard to believe that we are all
volunteers - a great testsment to the skills and dedication shown by all.
For those of you who have been to the Theatre this season, thank you for your support. For those of you
who have worked at the theatre and have been able to support members of the communityto be part of
the theatr4 thank you. I hope you have found it a welcoming, inclusive and exciting place to be.
Page 5

The Stables Trust Limlted
Statement of Trustees, Responsibilities
The trusteas (who are also the directors of The Stsbles Trust Limited for the purposes of company law) are
responsible for prq)aring the trustees, report and the financial statements in accordance with applicable law and
United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS
102 'The Financial Reporting Standard applicable in the UK and RepubIic of Ireland"
Company law requires the trustees to pr￿are fiDancial statements for each financial year. Under company law the
trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the
state of affairs of the charitsble company and of the incoming resources and application of resources, including its
income and expenditur4 of the charitable company for that period In preparing these financial statements, the
trustees are required to:
select suitable accounting policies and apply theAJ] consistently,
observe the methods and principles in the Charities SORP;
make judgements and estimates that are reasonable and prudenL
Stste whether applicable accountin8 Standards, comprising FRS 102 have been followed. subject to any material
departur￿ disclosed and explained in the financial statements. and
prepare the finaDcial statements on the going concern basis unless it is inappropriate to presume that the
charitsble company will continue in business.
The trustees are respon8ible for keeping proper accounting records that Gan disclose with reasonable accuracy at any
time the financial position of the charitable company and enable them to ensure that the financial ststements comply
with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitsble Company and
hence for taking re&sonable stq)s for the prevention and detection of fraud and other irregularities.
The trustees are rw)nsible for the maintenance and integrity of the corporate and financial Inforn￿tion includ￿1 on
the charitsble compan￿5 website. Legislation governing the preparation and disseminati￿ of financial statements
may differ from legislation in other jurisdictions.
Approved by the tn￿teeS of the charity on ..
Henri Hayler
Other officer
Page 6

The Stables Trust Lfimited
Independent Examiner's Report to the trnstees of The Stables Trust Limited ('the
Company,)
I r¢port to the charity trustees on my examination of the accounts of the Company for the year ended 30 Sq)tember
2023.
Re8pon8ibilitie8 and ba818 of report
As the charitys trustees of the Company (and also its directors for the purposes of company law) you are
responsible for the preparation of the accounts in accordance with the rquirements of the Companie4 Act 2006 ('the
2006 Act,).
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006
Act and are eligible for independent examinatio￿ I report in respect of my examination of your charitys accounts as
carried out under section 145 of the Charitias Act 2011 ('the 2011 Act,). In carrying out my examination I have
followed the Directions given by the Charity Commission undff section 145(5)(b) of the 2011 ACL
Independent examiner's statement
I have completed my examination. I confirn] that no matters have come to my attention in connection with the
examination giving me cause to believe:
accounting records were not kq>t in respect of The Stables Trust Limited as required by section 386 of the
2006 Act; or
2. the ae2ounts do not accord with those rcLM)rds; or
3. the accounts do not comply with the accounting requiremfflts of section 396 of the 2006 Act 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; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of
Recommended Practice for accounting and reporting by charitias [applicable to charities preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland
(FRS 102)].
I have no conc&ns and have come across no other matters in connection with the examination to which attention
should ￿ drawn in this report in order to enable a proper understanding of the accounts to be reache(L
R Walsli FCCA
39 High Street
Battle
East Sussex
TN33 OEE
Page 7

The Stables Trust Limited
Statement of Financial Activities for the Year Ended 30 September 2023
(Including Income and Expenditure Account and Statement of Total Recognised Gains and
Losses)
Unrestrlcted
fund8
Restrlcted
funds
Total
2023
Note
Income and Endowments from:
Donations and legacies
Charitable actlvities
Investment income
33.755
174,163
1,000
33,755
174.163
1,000
Total InL￿Me
208 918
208 918
Expendlture on:
Charitable activities
179 754
1285
181039
Totsl expenditure
Net incomeJ(expenditure)
Net movement in fimds
179,754
1,285
181,039
1285
27 879
29,164
(1,285)
Reconciliallon of funds
27,879
Total fimds brought forward
Total fimds carried forward
477 222
500 267
11
506,386
21,760
528,146
The notes on pages 12 to 22 forni an integral part of these fmancial statements.
Page 8

The Stables Trust Limlted
Statement of Financial Activities for the Year Ended 30 September 2023
(Including Income and Expenditure Account and Statement of Total Recognised Gains and
Losses)
Unrestrlcted
funds
Restricted
funds
Total
2022
Note
Income and Endowments from:
Donations and legacie6
Charitable actlvities
Investment income
32.066
151,719
82
32,066
151,719
82
Total income
183,867
183 867
Expendlture on:
Charitable activities
167,120
1348
168.468
Total expenditure
Net incomal(expenditure)
Net movement ID funds
167.120
1,348
168,468
16.747
1,348
15 399
16,747
(1,348)
Reconciliation of funds
Totsl funds brought forward
Totsl funds carried forward
15,399
460 475
24 393
484 868
477,222
23,045
500,267
A]1 of the charity8 activities derive from continuing operations during the above two periods.
The funds breakdown for 2022 is shown in note I l.
The notes on pages 12 to 22 forni an inte￿1 part of these financial ststements.
Page 9

The Stables Trust Limited
(Registration number: 591781)
Balance Sheet as at 30 September 2023
2023
Note
2022
Fixed assets
Tangible assets
Current assets
Stocks
Debtors
Cth at bank and in hand
16
314,581
330,137
5,443
6,497
214.419
2,704
5,639
170,120
178,463
8.333
226.359
Credltors: Amounts falling due wlthln one year
Net current assets
10
12,794
213 565
170 130
Net assets
528,146
500 267
Fund5 of the charlty:
Restrlcted Income fund8
Restricted funds
11
21,760
23,045
Unrestricted ineome funds
Unrestricted funds
506,386
477,222
Totsl funds
11
528 146
500,267
For the financial yw ending 30 September 2023 the charity was entitled to exemption from audit under section 477
of the cornpani￿ Act 2006 relating to small compania8.
Directors, responsibilities:
The members have not requireA the charity to obtain an audit of its accounts for the year in question in
accordance with section 476; and
The directors acknowledge their responsibilities for complyAng with the requirements of the Act with respect to
accounting records and the preparation of accounts.
The financial statements on pages 8 to 22 were approved by the trustees, and authorised for issue on .....
ed on their behalf by:
ql.ala
Neil Sellman
Chainnan
The notes on pag&s 12 to 22 forn] an inte￿1 part of these financial statements.
Page 10

The Stables Trnst Limlted
Statement of Cash Flows for the Year Ended 30 September 2023
2023
Note
2022
Cash flows from operating activitie8
Net cash income
27,879
Adjustments to eash flows from non•casb Items
Depreciation
Invesknent income
15,399
15,556
1.000
16,412
82
42,435
Working eapltsl adju8tment8
Increase in stocks
(IncreaSe)/d￿ease in debtors
Increase in creditor8
31,729
(2,739)
(858)
4,461
(140)
1,367
639
10
Net cash flows from operating activities
Cash flows from IDvesdllg acdvldes
Interest receivable and similar income
Purchase of tangible fixed assets
Net cash flows from investing activitics
Net increase in cash and cash equivalents
Cash and cash equivalents at l October
Cash and cash equivalents at 30 Septembcr
43,299
33 595
1,000
82
26 072
16
25,990
44,299
170.120
214 419
7,605
162,515
170 120
All of the cash flows are derived from continuing operations during the above two periods.
The notes on pages 12 tt) 22 forni an integral part of these financial statements.
Pagell

The Stables Trust Limited
Notes to the Financial Statements for the Year Ended 30 September 2023
I Charity status
The charity is a charity limited by guarantee and consequently does not have share capitsl. Each of the members is
liable to contribute an amount not exceeding £1 towards the assets of the charity in the event of liquidation.
The address of its registered office is:
The Stables Theatre
High Street
H&8tings
East Sussex
TN34 3EY
2 Accoulltlng pollcles
Summary of signlficant accounting policles and key accountlng estlmate8
The principal accounting policies applied in the preparation of th￿e financial statements are set out below. These
policies have been consistently applied to all the years presents4 unless otherwise stated
ststement of compllanee
The financial statements have been prepared in accordance with Accounting and Rq)orting by Cbaritie8: Statement
of Recommended Practice applicable to Chariti￿ preparing their a¢counts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2015) ~ (Chariti
SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and
the Companies Act 2006.
Basis of preparation
The Stables Trust Limited meets the definition of a public benefit entity llnd￿ FRS 102. Assets and liabilities are
initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy
notes.
Golng concern
The tn￿tee5 consider that there are no material uncertainties about the charitys ability to continue as a going
concern nor any significant areas of uncertainty that affect the Carr￿ng value of assets held by the Charity.
Income and endowmellts
All income is recognised once the charity has entitlement to the in￿rne, it is probable that the income will be
received and the amount of the income receivable can be measured reliably.
Page 12

The Stables Trnst Limlted
Notes to the Financial Statsments for the Year Ended 30 September 2023
Donations and legacles
Donations are re￿gnised when the charity has been notified in writing of both the amount and settlement date. In
the event that a donation is subject to conditions that require a level of perforniance by the charity before the charity
is entitled to the fimds, the income is deferred and not recognised until eithff those conditions are ￿llY met, or the
fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will
be fulfilled in the reporting period.
Grants reeeivable
Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have
been met. Where perforn]anLZ conditions are attacheAI to the grant and are yet to be mel the income is recognised as
a liability and included on the balance sheet as deferred income to be released.
Invthent Income
Investment income is recogni8ed on a receivables basis.
E￿endItUre
All expenditure is recognised once there is a legal or constructive obligation to that expenditur4 it is probable
settlement is required and the amount can be measured reliably. All costs are allocated to the applicabl¢ expenditure
heading that ag￿egate similar costs to that category. Where costs cannot be directly attributed to particular headings
they have been allocated on a basis consistent with the use of resources, with central stsff costs allocated on the
basis of time spenL and depreciation charges allocated on the portion of the asset's use. Other support costs are
allocated based on the spread of staff costs.
Charitable activities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for
its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect
nature necassary to support thenL
Governance Costs
These include the cost8 attributable to the cbarity's compliance with constitutional and statutory requirements.
including audi( strategic management and trustees meetings and reimbursed expens&s.
Government grants
Government grants are recognised based on the accrual model and are measured at the fair value of the asset
received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are
recognised in income over the period in which the related costs are recognised Grants relating to assets are
recognised over the expected usefijl life of the &sset. Where part of a grant relating to an asset is deferre￿ it is
recogDiscd as deferred income.
Page 13

The Stables Trust Limited
Notes to the Financial Statements for the Year Ended 30 September 2023
Taxation
The charity is considered to pass the tests set out in Parawh I Schedule 6 of the Finance Act 2010 and therefore it
meets the defmition of a charitsble company for UK corporation tax purpo8e8. Accordingly. the charity is potentially
exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part I I
of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that
such income or gains are applied exclusively to charitable purposes.
Tanglble fixed assets
Individual fixed assets costing £100.00 or more are initially recorded at CO8L less any subsequent accumulated
depreeiation and subsequent accumulated impainnent losses.
Depreelatlon and amortlsation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuati￿. less any estimated residual
valu4 over their expected useful economic life as follows:
A88et Class
Freehold interest in land and buildings
Fixtures, fittings and equipment
DepreclatioD method and rate
2 % Straight line basis
4% - 25 % on the reducing balance
Stock
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell, after due regard for
obsolete and slow moving stocks. Cost is deterniinal using the first-in, first•OUt (FIFO).
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services perfornled in the ordinary course of
business.
Trade debtors are recognised initially at the transaction price. A provision for the impairnient of trade debtors 18
establisheAI when there is objective evAdence that the Charity will not be able to collect all amounts due according to
the original tern]s of the receivables.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-terni highly liquid investments
that are readily convertible to a known amount of cash and are subject to an insignifi(￿t risk of change ID value.
Trade credltors
Trade creditors ar¢ obligations to pay for goods or services that have been acquired in the ordinary course of
business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an
Uncondition￿ righL at the end of the reporting perio4 to defer settlement of the creditor for at least twelve months
aftcr the reporting date. If there is an unconditional right to defer settl¢rnent for at Icast twelve months after the
reporting date, they are presented as non-current liabiliti&8.
Trade creditors are recognised initially at the transaction pri¢e.
Page 14

The Stables Trust Llmited
Notes to the Financial Statsments for the Year Ended 30 September 2023
Fund strueture
Unrestrictal income fimds are general funds that are available for use at the trustees discretion in fUrtherall￿ of the
objectives of the charity.
Designated funds are unrestricted funds set aside for specific purposes at the discretion of the trustees.
Restricted income fimds are those donated for use in a particular area or for specific purposes, the use of which is
restricted to that area or purpose.
3 Ineome from donations and legacies
Unrestricted
Total
2023
Total
2022
General
Appeals and donations
Grants, including capital grants.
Government grants
Membership subscriptions
Sponsorship
7,049
7,049
7,027
9,700
15,806
1.200
9,700
9,786
15,806
14,053
1200 ￿00
33 755
32 066
33 755
4 Income from charltable actlvltles
Unre8trieted
funds
General
Total
2023
Total
2022
Admission charg&8 and programmes
Bar income
Art gallery income
Theatre and ¢08tum¢ hire
Othff income
119,958
46,699
2.675
2,157
2,674
119,958
46,699
2,675
2.157
2,674
174,163
113,862
31,278
1,956
490
4133
174,163
151,719
S Investment income
Unrestrlctsd
fund8
General
Total
2023
Total
2022
Interest receivable and similar income;
Interest receivable on bank deposits
1,000
1,000
82
Page 15

The Stables Trust Limited
Notes to the Financial Statements for the Year Ended 30 September 2023
6 Expenditure on charltable acdvities
Unrestrlcted funds
Designated
General
Restricted
funds
Total
2022
Note
2023
Operation of
theatre and arts
theatre
Depreciatio
amortisation and
other similar
costs
Governance costs
165,482
165,482
151,456
100
14,172
1,285
13
15,557
16,412
600
100
179.654
1,285
181,039
168.468
Acdvity
undertaken
dtrectty
2023
2022
Productions costs
Bar purchases
Training
Art gallery costs ,
Estsblislllnent costs
Repairs and maintenance
Office expenses
Printin& posting and stationery
Sundry and other costs
Cleaning and refuse
Marketing
Bank Charg￿ and credit card charg
Depreciati(m of tangible fixed assets
60,734
26,395
60.734
26,395
59,953
19,295
375
1.965
21,510
8,104
8,012
1,468
803
12.448
9,917
7,207
16411
2,824
23,822
12,763
9,674
1,809
43
10.926
9,034
7,459
15,556
181,039
2,824
23,822
12,763
9,674
1,809
43
10.926
9.034
7,459
15,556
181,039
167 468
£179,754 (2022 - £167.120) of the above expenditure was attributable to unrestricted funds and £1.285 (2022 -
£1,348) to restricted funds.
Page 16

The Stables Trust Limited
Notes to the Financial Statements for the Year Ended 30 September 2023
7 Stock
2023
2022
Stocks
5,443
2,704
8 Debtor8
2023
2022
Trade debtors
Prq)ayments
1,845
4,652
120
5519
6497
5639
9 Cash and Cash equlvalents
2023
2022
Cth on hand
Cash at bank
1,563
212,856
214 419
1,563
168,557
170 120
10 Credltors: amounts falllDg due wltlthi one year
2023
2022
Trade creditors
Accruals
3,065
9729
3,039
5294
12,794
8,333
Page 17

The Stables Trust Llmited
Notes to the Financial Statements for the Year Ended 30 September 2023
11 Funds
Balance at I
October 2022
Balance at 30
September
2023
Ineomillg
resources
Resources
expended
Unrestricted funds
General
General fund
475,478
207,634
(178,370)
504,742
Designated
George Leach Memorial fund
Total unrestricted funds
1,744
100
477 222
207 634
178 470
506 386
Re8trieted funds
Auditorium and Access Project fund
Bar Furniture fund
22,513
532
(1,145)
140
21,368
392
Total restrlcted funds
23 045
1,285
21760
Totsl fuDds
500 267
207 634
179 755
528 146
Page 18

The Stables Trust Limlted
Notes to the Finaneial Statements for the Year Ended 30 September 2023
Balance at I
October 2021
Incomlng
resources
Balance at 30
September
2022
Re8ouree8
expended
Unrestrlcted funds
Genernl
General fund
458,627
183,867
(167,016)
475,478
Deslgnated
George Leach Memorial fund
Total unrestricted ￿ndS
1.848
104
I,744
460 475
183 867
167 120
477 222
Restricted
Auditorium and Access Project fund
Bar Furniture fimd
23,706
687
(1,193)
155
22,513
532
Totsl restrletsd funds
24 393
1.348
23,045
Total funds
484,868
183,867
168,468
500,267
The specific purposes for which the funds are to be applied are as follows:
Designat￿ funds:
Fknieral donations in respect of the late George Leach were received by the charity and were designated by
the trustees for use in replacing the theatre house tsbs (stage curtains). Depreciation on the assets financed
from the fund are charged against the fund balance.
Restricted funds:
The Auditorium and Acc¢ss Project fimd was to raise funds for that project. These included a grant from
Arts Council England and the Seat Sponsors Scheme. Depreciation on the ass&s financal from the fund is
char8￿1 against the fund balance.
The Bar Furniture fund consists of a grant from the Isobel Blackman Foundati(m towards the cost of new
bar firniture. Depreciation on th¢ assets fiDanced from the fund is charged against the fund balance.
Page 19

The Stables Trust Limited
Notes to the Financial Statements for the Year Ended 30 September 2023
Analysls of net assets betsveen fuDds
Total funds at
30 September
2023
Unrestrieted funds
General
Designated
Restrlcted
funds
Tangible fixed assets
Current assets
Current liabilities
291,077
226,359
12,794
1,744
21,760
314,581
226,359
12 794
Total net assets
504 642
1.744
21760
528 146
Total funds at
30 September
2022
Unrestrieted fund8
General
Deslgnated
Restricted
funds
Tangible fixed assets
305,248
178,463
8,333
475 378
1.844
23,045
330,137
178,463
8333
Current liabilities
Total net assets
23 045
500 267
12 Trustees remuneration and expenses
No tn￿tees, nor any persons connected with them, have received any remuneration from th¢ charity during the year.
No trustees have received any reimbursed expenses from the charity during the year.
Page 20

The Stables Trust Limited
Notes to the Financial Statements for the Year Ended 30 September 2023
13 Analysls of governance and support eosts
Governance costs
Totsl
2023
Total
2022
Accountancy fees
Other fees paid to accountants
600
600
14 Net ineomingloutgolng resource8
Net incoming resources for the year include:
2023
2022
Depreciation of fixed assets
15,557
16,412
15 Staff costs
The Trust does not employ people. There were no employees in this financial period, n(x in 2022.
Page 21

The Stables Trust Limited
Notes to the Financial Statements for the Year Ended 30 September 2023
16 Tanglble fixed assets
Land and
buildings
Furniture and
equipment
Total
Cost
At l October 2022
346 202
257 182
603 384
At 30 September 2023
Depreclatlon
At l October 2022
Charge for the year
At 30 September 2023
Net book value
346,202
257 182
603 384
125.978
5,149
147.269
10 407
273,247
15 556
131 127
157,676
288 803
At 30 September 2023
At 30 September 2022
215 075
99,506
314,581
220,224
109 913
330 137
17 Taxadon
The cbarity is a registered charity and 18 therefore exempt from Corporation TaL
Page 22