Company r¢gistsJtion number. 591781 Charity tegistration number. 211361 The Stables Trust Limited (A compw limited by 8uan) Annual Report aDd Fin•n¢iaJ Ststellts for the Y¢Ar Ended 30 S¢pt¢mbtt 2024 Manningtons 39 Hi8h Street Battle Basi Svs5ex TN33 OEE
The Stables Trt Limited CoDtents Reference and Administrative Details Tnthes, Report 2to4 Stanl of Truse¥ Responsibiliti Independent &xamineVs Repo Stat¢ment of Financi Activities 7t08 BAlan¢¢ Sheet Noies to the Financial Ststem¢nts IOto20
The Stables Trust Llmlted Reference and Admlnlstratlve Detalls ChalrmaD Neil Sellman. Chairnwi Trnstees H¥Triet D8v¢y, Secreiary David Harding Yvonn¢ Re Colirt Dom)¢r sart Baillie Hugo Tbe1$ Christitie Warrington The Stables Theatre High Street Hustings E85t Sussex TN34 3EY Reglstered Office Th¢ charity is Inco0[ated in England and Wales. 591781 Conwany Roglstratlon Number Charfty Re2l$tr#tSon Number 211361 Bankers National W¢sttnins¢er Bank plc Havelock Road Hastill8S TN34 IBW Hampshire TrustB4nk PO Box 74003 London EC2P 2QR Independent Ex*miner Mamiingtons 39 High Str¢et Batile East Susg¢X TN33 OEE Page I
The Stables Trllst Limlted Trustees, Report The tnjstees. who ar¢ directors for the purp¢ses of ¢ompany law. pr¢sent the annual report together with the financial sthtements of ihe tharitable comp8ny for the year ended 30 September 2024. ObJectlYes and 8¢dYitie5 Objects 4nd alms The objects of the chaTity are the pres¢rvalion of Tr Stsble¢ building and th¢ ¢ducation of the publi¢ in the dramatic arts. Th¢ charity owns and o¢¢upies The Stable¢ building. Having initially restored the then derelict Grade 2* lisled building and converted it into a theatre and arts centre. the charity ¢ontinues to maintain and operate it. Ob}eetlves, siMi¢zies aMdA¢&vlti¢s The 5trnte8y of th¢ ¢hlty is to provid¢ the publi¢ with OPPOTtimtties to ¢xperience the dramatic 8rt5 at all levels. whether as direct participants or audienc4 and at affordable cost. The Siables venu¢ is operated entir¢ly by volunt¢er members who undertake all the tasks associated with a theatre and art5 ccntre. such 2S Stage managemen4 s¢t design and buildRng. lighting and sound. wardrobe, art gallery manaB¢m¢nL box otTic¢, bar atKI front of house dulles. For thos¢ wishing to act or direct tbe clwity has an amateur group which produces 9-10 plays ¢g¢h year to a very high standard and is a memb¢r of th¢ Little Theatre Guild of Great Britain. In addition to these play5. tOUrill8 and other professional produ¢lions are staged, the facilities ore made available to other 10¢81 grnat¢ur and co]mUnIty gmups, art exhibitions are held each month in the gallery and workshops and other it¢ms ar¢ progrnmmed. PHblic ben¢fi¢ The trustees conflnn that they hav¢ complied with th¢ r¢qutmn¢nts of seeiion 17 of the Choriii¢s Aci 2011 to have due regard to the public tKnefii guidan¢¢ published by the Charity Commission for England and Wales. Stru£tsr4 gov¢rn•nce and management Ntsthre ofgoverning document The Stables Trnst Limited is a company limiied by guarant¢¢ governed by its memorandum and arti¢les of as50ciaiion. 1¢ 15 registered as a charity with the Charity Commission. Anyone over lh¢ ag¢ of18 can be¢ome member of the ¢ompany alld there are currently abou¢ 1.800 mernbets. R¢¢ruilmentAndappoinfm¢nt offrwlees TNstc¢s are elected annually by th¢ members of ¢h¢ ch¥ritable company att¢nding the Annual General M¢eling. All mcmbers ar¢ ¢irculated with invilations to nominal¢ tsvstees prior to thc AGM advi$ing them of th¢ relirin8 Iruslees and requesting nominations for the AGM. Indu¢iioR oudtr4ining ofirusiees New twslees under80 an orientation session to brief them on their legal obligaiions under ¢harity and company law. the coftt¢nl of the memorandum and 8rticles of association, the de¢ision making proeesses the business plan and recent financial perfomiance of the ¢harity. They will be given a tour of the building and an ouiline of thc work of the various departments. Arrnng¢mentsforsethvg key munagemeKtpersonnel remtsnerarfon The charity doe5 not employ any individualK all LTUStees and key management ¢ontribute ih¢ir time on a voluntary basis. Page 2
The Stables Trust Limited Trustee5' Report Or8aMi$40Kal Strucfure The Council of management (the tswtees) meets regularly to administer the charity. Day to day operation of the theatre is in the hands of various dep8Tlm¢nt•l groups of which has a tsu$iee link to the ¢oun¢il. h147jor risk¥ and maftog¢Mènt ofihose risks GeNeralRlskManttgemeAI The trustees have a risk malla8¢men¢ sttalegy which Comprises gn ongoing review of the tisks the clwity may fa¢¢- the establishment of systems proc¢dur¢$ io mitigate the identified risks- and the implementation of procedure5 desi to minimise any potential impact on th¢ ¢harity slwuld those risks rnatcrialise. AehlevemeDts aBd performaD¢e Our October 2023 September 2024 $¢8son was extremely successfijl both artistically and financially. The 2023 Season ended wtth Doubt (John Patrick Shanley) & A Chri$¢mas Carol (Charles Di¢k¢ns adY4pted by Ben Randall). a play with ¢ont¢mpordry music wrttten espectally for the Stables. A Christm45 Carol was financially our most successfvl production during the Seaso had a cast of thirty five who's og¢s r¥nges from twelve to eighty........... ¢ommunity piece. 2024 opened with Art our f1 collaboraiive production with 8Doth¢r theatre. The Ban), Smalihyth¢ - Art ran at both v¢nue5 to great critical $u¢ttss and WBS followed by the first play written esp¢¢ially for The Stsble5 Actors Group H8tYesty by Chris New. The be8inninB of Mar¢h saw a production of One Night in The Many Dcaths Of Sonny Liston by J.B. Hea the wintier of our 2023 writing competition - thi5 was wfornied Os part of a double bill with El¢gy for a Lady by Artbur Miller, making both plays prize winners. A higmy acclaimed and financially successful produdion of The Cheny Orchard by Allton Chekhov- Directed by Francis Viner brought Europeart classi¢ theatre back to the Stable5 in April, atther produ¢tion that called on actors from across th¢ generations. During May we triall¢d two plays with a Shorter run. Game Plan. chosen to give opportunities to actors from Youth Theatre. Game Plan was staged irt the main auditorium and Every Brilliant Thing. a one character play was perfornied in the round and gave two a¢tors the ¢xp¢rienc¢ of holding the stage. The Theatre h05ted The Chicago Drama Group in June and their pmduaion of Miss Firecrack¢r Youth Theatre took over the thealre at the end of July and presented a surb perforniance of Villianl Villain! a mtsnts of Shakespeare's villains . . or were they ? with the winner of our 2023 New Writing Competition Murd¢T of My Aunt brought August to a close. We closed the season with two more tWo-nder4 The Last Five Years, a musi¢al by Jason Rob¢rt Brown and artistically acclaim¢d production of Meet Me At Da by Zinni¢ Harri& This s¢ason w¢ were able io wel¢om¢ five direetors new to the Stables. DuTing the y¢ar the Youth Board met regularly* funded a number of iheatre based WOTkshops for yowig peopl4 started io make podw15. provided opwjrmnitics for familie5 to attend the thealre and hosted an open evenin8. Youth pr&8ence at the th¢a¢r¢ has continued to grow. pre-school sessions from Out of the B88 ¢onlinue throu8lJout the winter months. Page 3
The Stable$ Trust Llmited Trustees, Report As reported last year we have continued to look ai Safeguording, developing our poli¢y in line with ESCC which enables us to be h¢ld under the counties umbrella policy and allows us to se¢ur¢ DBS checks through them. Actors who returned from universi¢y in the surnmer. '1 old, for Youth Theatr< mounted their ow production of .1972 and the Futur¢ of S¢x' . in the Gwen Watfonl Gallery. This worked go 1] that we ar¢ now looking ai commissioning a feasibility study lo turn the gallery into studio space - the space WAII still be used as an extension of th¢ bar during show week but will allow us to have $mall productions wh¢n the theatre is dark and respond to quick tum around events - we expect it to be able to seat around 50160. Th¢ cost of the feasibility study came as a donation from the Durn8rd Trusl who h¥v¢ been w8t¢hing our ottline prescttce and made the doDation asking US 10 us¢ it to secur¢ th¢ th¢atre's statrjs. Duriny the 2023124 season the theatre also play hosi to The Haslings Theatr¢ Festival, Dyad, Gigspanner. The Identity Choir, HPO. Jhson NcNiff. Toby Barelli, Prologue Operd and Renaissance The8tr¢ io name a few. The challenge remains to make the theatre susthinable for the futur¢. STrentS from both East Sussex and B¢xhill Colleges con¢iDue to b¢ a vital part of ow team and ties are b¢ing forged with East SUS College. A spKial thank you to members of the Council and the Programming and Producin8 Team and especially ¢0 marti coll Peter. Cliff, Sam and Hugo who's responsibilities require them to support both the Community & profe55ional pects of the theatr Volunieers ¢on¢inue to b¢ the backbone of the theatre and the n1n reason we can exisL and make the th¢atre such a j¢w¢l in our commwiity. Thank you. For those of you who have been (o the Theatre this season. that you for your support. I hope you have found it welcoming. inclusive and ¢xciting place to be. Flnall¢lAI revlew Policy on ruerves By having a policy of operating entirely with voluntttTS the charity is able to m¢d th¢ norn1 running costs of its activities without the need for regular 8rant fill]ding. However. it is th¢ policy r)f the trustees to mainiain free Tesetves of £30.000 io cover wssible em¢rgcncy rq)ait3 to the building ¥nd other ¢ontingencies. The actual free reserves at th¢ year end date. that is funds which are not restricted or Tresented by fixed Assets or designated by the truste¢s for a particular purpos4 WC £222,134. which the tntr¢S consider is Satisfactory. Investhentpollty andobJe¢rfve5 Under th¢ memorandum and articles of association th¢ ¢harity has the power to invest in any way the tsM$tees wish. The truslees. having regard to the liquidity requir¢menrs of opcrating th¢ theatre and to (he r¢s¢rves policy. have operated a p)licy of keeping availabl¢ fiJnd5 in an interest bearing deposit a¢count which pays a rate of iniere5t as close a$ w)ssible the rate of inflation. Pag¢ 4
The Stables Trnst Limited Statement of Truste¢s' Responslbllltles The trustees (WIK) are also the directors of The Siables Trust Limiied for the puTro$es of company law) are responsible for preparing the trnstees, report and the financial statements in 4¢cordance with applic8bl¢ law and Uni*d Kingdom Accounting Standards (United Kingdom Generally Ac¢epted Accounting Praetice), includin8 FRS 102"The Financial Reporting Siondard applicable in the UK and Republic of Ireland" Company law requires the trustees to prepare finaneial statements for ¢a¢h finwncial year. Under company law the truslees mus( not thpprovc the financial stai¢m¢nts unless they are satisfi¢d that they 8ive a INe and fair view of the sta(e of atrdirs of the charilable company and of the incoming resour¢e5 and application of resour¢es. includin8 I income and expcndilure, of the ehariiable MpanY for thal period. In preparing these finan¢ial statements, the itust¢¢s are reguired to: Select suitable accounting policies and apply them con8isienily' observc the methods and principles in the Charities SORP: nwk¢ judgemenls and estimgtrs that are reasonAble and pNdent: stale wheth¢r appli¢able accounting standards, ¢omprisin8 FRS 102 have be¢n followed. subject to any material depArtur¢s discloscd and explaincd in the financial st&t¢ments; Hnd prepare the finan¢iAI sta¢¢mcnts on the Boing concem basis unl¢ss it is inappropriAt¢ to presLune that the ¢haritable company will continue in busine$8. Th¢ tNs¢ees ar¢ responsibl¢ for k¢¢pin8 prnp¢r accouniing records thai Can di10se with r¢ason8bl¢ accuracy ot any time lh¢ finonciol posilion of the charitable compony ind enable them to ensure ihat the financial ststemen comply with th¢ Companies Act 2006. They are also responsible for 5&feguarding the Assets of the eharitable ¢ompony And hence for tHkin8 r¢050n4ble Steps for the prevention and d¢t¢¢¢ion offraud and oth¢r irre8uloritie$. The ¢n]sttts or¢ responsible for the m8intenBnce and integrity of the ¢orporate Bnd finan¢ial inforn]ation included on ihe charitable compony'g bSite. Legi5181ion governin8 ihe PT¢P&Tation and disKminalion of rinancial $tat¢ments may differ from l¢gislation in other juri8di¢tions. ved by ihe Irusttts of th¢ chority on , and signed on its behal(by'. eil Sellman Chaimun Page 5
The Stables Trust Llmited Independent Examiner's Report to the trustees of The Stables Trust Limited ('the Company,) I report to th¢ chwity trustees on my &xaminalion of the ac¢ounts of the Company for the yw ended 30 September 2024. Responslbllldes and buts orr4rt As the chariiy's tNstees of the Cotnpany (and also its ditectoffs for the Purpo9 of company law) you are responsibl¢ for th¢ preparaiion of the accounts in accorthc¢ with th¢ requirements of the Companies Act 2006 ('th¢ 2006 A¢t'). Having satisfied myself thai th¢ accounts of the Comp•Dy are rt requir¢d to b¢ audited under Part 16 of th¢ 2006 Act and are eligible for indyndent examItiO I report in J¢spc¢¢ of my examination of your charity's a¢¢ounts as carried out under seciion 145 of the ChItIeS Aci 2011 ('th¢ 2011 Act.). In canying out my exgmina¢ion I have followed the Direetion$ 8iven by the Charity Commiuion under section 145(5Xb) of the 2011 Acl. Independent examlther's statement I have completed my ¢xaminA¢ion. I confum thit no m•tt¢rs have ¢orne ¢0 my ati¢ntion in connection with th¢ examination Bivin8 me ¢ouse to believe: l. ac¢oiiniirtg records were noi kept in T¢spect of The Sthbks Trust Limi*d a5 required by section 386 of the 2006 A¢1: or 2. the accounts do no¢ accord with thos¢ r#ords: or 3. the accounts do noi ¢omply with the accounting requirements of seciion 396 of the 2006 Act oth¢r th any requirement that the accounts 8iv¢ 8'lnK god f•ir vithrf which is noi 4 matter considered as pfin of 8n in(kpendent examination: or 4. the accounts hav¢ not been prepared in i¢¢ordantt with the methods principles of the stement of Re¢ommended Pr8¢1i¢¢ for accountin8 and reportin8 by charities lapplicable charitie5 pr¢p8ring their accounts in a¢¢ordJnce with the Finon¢i•l ReportiD8 Stsndard #pplicable tn th¢ UK and Republic of I11d (FRS 102)]. I hav¢ no concerns and h•v¢ ¢ome llcross no other mall¢n in connection with the examination to which attenlion should be drawn in thi$ report in order th ¢ble i prnp¢runderstgndin8 of the accouots to be reached. R Walsh FCCA 39 High Street Battle East Sussex TNJ3 QEE
The Stables Trust Llmlted Statement of Financial Activities for the Year Ended 30 September 2024 (Including Income and Expenditure Actount And Statement of Total Recognised Galns xnd Losso) Totpl 2024 fllnds lunds No Ineon and Etydowments from: Donations and legacies Charitsble 4¢tivilie5 Investment inwme 34.543 179271 2J28 34.543 179.271 2.328 Total in¢om¢ 216.142 216,142 Expenditure on: Clwitable a¢tivilie5 (201291) (1225) (202.516) Total expenditure (201291) (1225) (202,516) Nel income1(exitur¢) 14,851 (1.225) 13.626 Net rtK1V¢ll1 in funds 14,851 (1225) 13.626 RteODcUltlott of funds Total brought forward 506.386 21.760 528.146 Tothl fi carried forward 521237 20.535 541.772 Th¢ notes on pasa 10 to 20 fomi ¥n integrd part of these finaTKial statemeiits. Page 7
The Stable5 Trust Llmlted Statement of Finaneial Aetivities for the Year Ended 30 September 2024 (Ineludlng Ineome and Expenditure Account and Statement of Total Recognised Gafins and Losses) Unrestrlcted funds Restrl¢ted fuDdi Tot*l 2023 Note Incorne And Endowments from: Donotions and l¢y¢ies Charit¥bl¢ #¢¢ivi¢i¢s Invnt income 33,755 174.163 33.755 174.163 Total income 208.918 208.918 Expendlture on: Charitable activities (179,754) 1285) (181,039) Total expettdinw¢ N¢t irt¢omd(¢xp¢ndintre) (179.754) (1285 (181.039) 29.164 (1285) 27.879 Net mov¢m¢nt in fund5 29.164 (1,285) 27.879 Recon¢1114tlon of fuDd8 Total funds brough¢ forward Tot81 tsnds ¢atri¢d forward 477222 23.045 500,267 506,386 21.760 528,146 All of th¢ ¢haritys a¢¢iVIti derive from continuin8 operations during the above two wiods. The fjjnds breakdowrn for 2023 is sEwwn in nor¢ I l. The notes on pages 10 to 20 forni an integral part of these financial ststemenl& Pa8e 8
The Stables Trust Limited (Registration number: 591781) BalAn¢e Sheet as at 30 September 2024 2024 2023 Note Flxed Assets T¥ngibl¢ assets 16 319.638 314.581 Current assets Sto¢k8 D¢btors Cash at bank and in hond 4,764 10.182 222.483 5,443 6.497 214,419 237.429 226.359 Creditors: Amounts (111g due wlthln one ye#r Net eurrent •ssets 10 115,295 (12,794) 222,134 213.565 Net assets 541.772 528.146 Funds ofthe ¢hArity: Restrl¢ted income funds Restricted fid8 20,535 21,760 Unres¢ricted Income funds Unrestricted funds 521237 506.386 Total 541,772 528.146 For the fin¢la1 ye4r ending 30 September 2024 the charity was ¢niitled exemption from audit wider section 477 of the Companies Act 2006 relating to small MpanieS. Directors, responsibilities.. The members hav¢ not required the charity to obtain an audit of its accounts for the year in question in accotdance with s¢¢tion 476. and The director8 acknowledge th¢ir responsibilities for complying with the requir¢m¢ni$ of the Act with respect lo accounting r¢¢ords and th¢ preparation of a¢¢ounts. These financial Sthtemts have been prepared in ac¢ordan¢¢ with the special provistons relating to companies subjeet to th¢ small companies regime within Port 15 of the Companies Act 2006. Th¢ financial statements on pages 7 to 20 were approved by the trustee& and authorised for i$$ue on . and signed on their behalf by: Neil S¢llman chaimll The notes on pages 10 to 20 forni an itjtegral part of these financial slatements. Page 9
The Stables Trust Limited Note5 to the Flnanclal Statements for the Year Ended 30 September 2024 I ChArlty status The charity is ¥ ¢hrity limited by 8uaranlee ¢ons¢quently does not have share capithl. Each of the metnb¢TS 15 liable to contribute an amount not exceeding £1 towards the assets of the charity irt the event of liquidation. Thc pddress ofits registered offi¢e is.. Th¢ Stables Thtre High Street Hastings Easi Sussex TN34 3EY 2 A¢¢ountlng poll¢le$ Summ4ry of ilgnineADt ¢¢ountlng pollcles And key atfountlD8 e8tlm4¢eJ The prineipAI a¢¢ounting policies applied in the preparation of tha financial statements ¢ s¢t out below. These poli¢i¢8 have be¢n consistently applied to all the y¢ats presented, unless otherwise stated. Stateffjent of ¢Dmpllance Th¢ financial staiem¢nts have been prepared in a¢cordanc¢ with Accounting ond Reportin8 by Charities.. Staiement of Recommended Practi¢¢ applicable to ¢hariti¢s preparing their accounts in accordance with the Financial Reporting Standard appli¢able in the UK and Republic of Ir¢lond (FRS 102) (eff¢¢five l January 2015) (Charili¢¥ SORP IFRS 102}). the Financial Reporting Standard applicable in the UK ind Republic of Ireland {FRS 102) and the Comp8rti¢s Act 2006. BsS1 of preparAtIoo The Stsbles Tru$1 Limited meets the definition of a public benefit entity under FRS 102. Assets ond ligbiliti¢s ore initially tt¢ognised at histori¢01 cost or tran$a¢lion value unle$$ otherwise stated in the relevant A¢¢ountin8 policy notes. Colng eon¢¢rn The tNStees consider thai there are no material uncertainiies about th¢ c1witS abiliry to Continue as a going concern nor any $i8nifl¢ant arw of uncertainty that affect the cBrryin8 value of assets held by the charity. Exemptfon from pr4parlng A eAih flow 5tatsment The ¢harity opted to adopt Bulleiin I published on 2 FebNary 2016 and hllve iher¢foTe not includ¢d o cash flow statement in these fin8n¢ial statemenus. In¢ome And ¢ndowments All incom¢ 1$ recognis¢d once ihe charity has entitlement ¢0 the incom< it is probabl¢ that the incom¢ will be received and the amount of ihe income Yec¢ivable can be m¢•sured reliably. Page 10
The Stables Trust Limited Notes to the Financial Statements for the Year Ended 30 September 2024 Donolions aNdl8oeltS Donations are reeoBtiised when the charity h#$ b¢ett notified in writing of Ixtrth th¢ amount aDd seulement d8. In the evellt that a donstion is subject to cotiditions thaÈ rwuire a level of perfornwjce by the charity befor¢ the harity is entitled to the funds. the incotne is defeed #tbd not recognis¢d until either those conditions are fully me4 or the fulfilment of those ¢(MltiOnS is wholly within th¢ nIoI of th¢ ¢lwity and it is probable that these ¢onditions will be fulfilled irt th¢ rwrting puiod. Gmnts reCeI&1e Grants gre recognised when th¢ ¢harity has an entiement to the fiwds afjd any corwjitions linked to the graDts hav¢ be¢n meL Where perfomwirx cormlitions are attach to the gratti and are yet to be mel th¢ inconie is recOls¢d as a liability attd included on the FAlon¢e she¢t as deferred io¢ome to be released. Exp¢nditsre Ail expenditure is reco8Dised on¢¢ there is a legal or consthKtive obligation to that exp¢ndityr4 it is probable settlemcnt is required and th¢ ¥mount can be meL8ll Teliobly. All costs are allo¢a¢ed io the applicabk exp¢nditur¢ heading that ag similar ¢o#s to thit category. Where costs caTllK)t be d1ctlY attributed to particular Imdings Ilw have been allocated on a basis consisl¢nt with the use of resources, with central stsff costs allocated on the basis of tirne 4, and depr#iation ¢bg¢S allocaied on the portion of th¢ et'S use. Other 5UPPOrt costs art allocated based on the spread of stsff cost& Charitable adivitles Charithble expenditure compri5¢s those costs inculT by ebaTity in the delivery of its acuvtties and services for its benefJe18ri. It includ¢s EK)th costs that ¢an b¢ allocat¢d directly ro such ¥tivities and thos¢ cosls of an indire¢t naiure necew to support thenL Governan¢¢ ¢•sts These include the ¢osts attributsble to the cknity's conwliance with ¢onstiWtional #nd statOry r¢quirement4 in¢luding audt4 8tr¥¢egic managemcnt and tnLStees n)eeÈings 1mb[sed exp¢ns¢s. Goverrtment grants Gov¢rnmenl grants are T¢gnised bAs¢d on the accrual nmxlel and ar¢ rneas at th¢ fair value of the asset re¢¢ived or receivabl¢. Grants are cl&8sifi¢d as relating either to revenue or to ass¢ts. Grants relating to revenu¢ are reColSed in incom¢ over the period in vthich the related costs recognis¢d. Grants relatin8 to assets are recognised over the expected use1 lif¢ of the ass¢L Where port of a relating to an asset 15 deferre4 it is Yecognised as d¢ferred income. T•xatloTh The charity is wnsidered to pass the *5t5 set out in Pat¥wh I Scheduk 6 of Finance A¢t 2010 and therefore it meets the definition of a charitable company for UK eorporntion I&x pwp05es. Accordingly. the charity 15 Poteniially ¢x¢mpt from taxation in r¢sP¢¢t of income or capital gains 1Ved within categories covered by Chapter 3 Part I l of the COTatiOn Tax Act 2010 or Section 256 of the Taxation of Charg¢able Gains A¢t 1992, to the exi¢nt thai such income orgains ar¢ applied ¢xclusively to charitable PUryKW. Pagell
The Stables Trust Limited Notes to the Financial Statements for the Year Ended 30 September 2024 T4llglble fixed a81¢ts Individu fixed assets c(k8ting £IOO.(M) or ar¢ iniiially re¢ortsJ at COK l¢ss any sulwuptht accumulated depreciation and suwent accumulated imFMirnKtit 105 Depreclatton and anrtISlon DeplatIOn is providcd on tan8ibl¢ fix assets so as to write off the c(6t or valu10 less any e5timaied residual value. over their expected useful life as follo Asset Freehold int¢rest in land and buildings Fixttwes. fittiti88 and equipment D¢predatloD method and rnte 2% straight line basis 4%- 25% on the r¢du¢ing balallce Stock Stock is valued at the Iwwer of cost and eMIM selling price less costs to complet and sell. after du¢ regard for obwl¢tc and slow moving stocks. Cost 15 deterniined using the first-1 first•OUt (FIFO). Trade debtors Trade debthrs are annts du¢ from customm for mercbath sold or services perfomied in the otdinary ¢ourse of business. Trade debton are recogtiised initially at th¢ transaction price. A provision for the itnpainnent of trade debtors is ¢stablis1d when there is objective evid¢nce that the elwity wiu not be able to collect 911 amounts due a¢¢ording to the origina] tem)5 of the rCIVIble Cash atyd Cash eqlllvRients Cash and ¢ash eqUivcnts Compri cash on hand #Dd call deposi1& and other short-temi highly liquid investtnents that are adIlY convertible to a knm ofcash and ¥re subject to an insignificant risk of chao8e in value. Trade eredltors Trade Credito are obligations io ptty for goods OT services that have been ¥cquired in the ordinary course of busine&8 from suppliers. Accounts payable are ¢lwifi¢d as cwrent liabilities if the charity does not have an unconditional ri8hL at the end of th¢ reporting p¢rirf to d¢f¢r settlement of the er¢ditor for at l¢a5t twelve months after th¢ reporting date. If there is an unconditional right to def¢r settlertxni for at least ¢welve months after th¢ reporting date, they ar¢ presented &$ nonrycurrent liabilitie Trad¢ ¢rediiors gff regniSed initially at th¢ ¢rnAsoction prlce. Fund struethre Unrestricted income fijnds are general fimds that ar¢ available for use at the tnle¢S dIretIOn in filance of the ObJ11veS of the charity. Designated lld$ are unrestricted s¢t aside for 5trtific at the discretion of the ffitstees. Restricied income fvrtds are thos¢ donated for use in a partiajlar area or for SEirl¢ the us¢ of which is r¢stried to that area or purpos¢. Page 12
The Stables Trnst Limited Note$ to the Flnanclal StatemeDts for the Year Ended JO September 2024 3 Income from donatlons And le8Aelu Total 2024 Tot1 2023 Ceneral Appeals and donations Gran including capital Government grnrtts Membership subs¢ription5 Sp)nsornhip 16.733 16.733 7.049 9.700 15.806 1,200 16.610 1.2 16.610 1200 34.543 34.543 33,755 4 lJ¢om¢ from ¢hArltble g¢tlvld Unrestrlet¢d fuDds Geoer•l Total 2024 Ttstl 2023 Admission ¢hw •nd pTo8ramm Bar income Art Ballery income Theatre and ¢ostume hire Otkr in¢ome 126.983 45.741 3316 195 1836 126,983 45.741 3.516 195 2,836 119.958 46.699 2.675 2,157 2,674 179.271 179271 174.163 nds Ge¢T1 Tot*1 2014 Totsl 2023 Interest receivable ond Similar in¢om¢: Inl¢rvJt rt¢eivable on bank dewAits 2,328 2.328 1,000 Page 13
The Stsbles Trust Llmlted Notes to the Fin47nelxl Statsments for the Year Ended 30 September 2024 6 Expendltsrt ON charltsbl¢ •rtlvltlu Urestrl¢ted fuDds Reslrkted Desl8tsted GenerAI funds Total 2024 Tot1 2023 Note Opergtion of theatre and Arts theatre D¢pre¢ialion. amortisation and other similar cos Governince cos 187J08 187J08 165.482 14.487 1225 15.808 600 15.557 13 201.195 1.225 202J16 181.039 Aetlvlty UDdertke dlrertly 21124 2023 Produ¢iions co$ Bar purchases Trainin8 Art Ballery ¢osts Estyblishmeni ¢08ts Repairs and maintenar¢ OtTic¢ expenses Printin¥. postin8 And sthtiODery Sundry other ¢osts CleAnin8 and r¢fv MgTk¢¢ing Bank char8es •nd credit card ¢har8 Depr¢¢iotion of tan8ible fLxed &ssas 75.118 27.015 125 1.576 24232 11,876 10.479 2.463 26 15.358 9J52 9,088 15,808 202,516 75.118 27.015 125 1.576 24232 11.876 10,479 2,463 26 15.358 9.352 9.088 15.808 60.734 26.395 2.824 23.822 12,763 9.674 1.809 43 10,926 9.034 7.459 15,556 181,039 202.516 £201291 (2023 - £179.754) of the above ¢XFAInllc was attributhble to unrewicted and £1,22512023 - £1,285) to restricied funds. 7 Sth¢k 2024 2023 Stocks 5,443 Pa8¢ 14
The Stables Trust Llmited Notes to the Flnan¢lal Statements for the Yr Ended 30 September 2024 8 Debton 2924 2023 Trade delrtors Prepaymen 1.845 4,652 10.182 10,182 6.497 9 CAsh nd cmh equlvAl¢nts 2024 21123 Cash on hmd Cash It bgnk 1.179 221J04 1.563 212.856 222,483 214,419 10 Crodhorj: fliln8 due wlthlu one ye 2024 2023 Trade crediwrs Ac¢rui15 4.336 10.959 3.065 9.729 15295 12.794 Page IS
The Stables Trust Llmited Notes to the FinAnclal Statements for the Year Ended 30 September 2024 11 Funds Balance at 30 September 2024 Bthace at A (k¢Dber 1023 expended Unrestrkted funds General 504.642 216.142 (201.195) 519.589 Georg¢ L¢ach Memorial fimd 1.744 (96) 1,648 Total unrestricted fllllds 506J86 216.142 (201291) 521.237 Restricted funds Auditorium and Access Proje¢i nd Bar Furniture fiuMI 21J68 392 (l.lJ99) 126 20,269 266 Totsl restri¢ted funds 21.760 (1.225) 20.535 Total funds 528.146 216.142 202.516 541,772 Pa8¢ 16
The Stables Trn$t LIDted Notes to the Financial Statements for the Year Ended 30 September 2024 B•l#n¢e ¥Jt 311 September 2023 Balanee at I October 2•22 res0ree5 expended Unrestrl¢ted funds General General fund 475J78 208.918 1179.654) 504.642 DeSIgned George Leach Memorial fimd 100) 1,744 Total uDresiricted funds 477222 208,918 (179,754 506.386 Restricted Auditorium and Access Project 22J13 532 (1.1451 (140) 21J68 392 BarFurnilure fund Totsl Tcstrided funds 23.045 (1285) 21.760 Total futtds 51KI267 208.918 (181.039) 528.146 The specific pU3¢S for which the fiuNJs ote to be applied are a5 follows: Designated funts: Funeral donations in r¢sp¢ct of the la George Lexh were r¢ceived by the ¢lwity and were d¢s11¢d by th¢ trusiees for use tn r¢p]#CiDg the thtre house tab5 (stage ¢urt¥ills). Depreciation on the ass¢ts finCed from the fund are chargryj against the fiuKI baiatK Restricted funds: The AuditoriuÈn and Access Projed fimd was to raise for that proj¢cL These in¢lwled • grant from Arts Council England and the Seat snSors S¢lllx. DeFwiatioti on the assets fman¢ed from the fill)d is harged 28ainsi th¢ fund balance. The Bar Furniture rtd eonsists of a grnrtt from the Isobel Blackman Foundation t0dr& th¢ cosl of new bar fumiture. Depreciation on the Assets financed from the fithd is charged against the fvnd balance. Pa8e 17
The Stables Trust Llmited Notes to the FinAnclAI Statements for the Year Ended 30 September 2024 Athalyth of net ••ts behfeell funds Total fllnd$ ¢ 30 September 2024 Uttrutrleted Cetsenl Restrleted ruDdJ Deslgnated Ton8ible fixed osset8 Cumt ass¢ts Current liabilities 297.555 237.429 115395) IY8 20.535 319,638 237.429 15,295 Totsl net ossets 519.689 20.535 541.772 Total funds it 30 September 2023 Unrestri¢ted funds Cther#l D¢slgnted Rulrlctcd fund$ Tangibl¢ fixed Assets Current ass¢ts Cwrnii liibilitiei 291.177 22A359 12.794 21.760 314,581 226,359 Total n¢t w¢ts 504.742 21,760 528.146 12 Tre•S remunerxtlon Alld expen Durin8 the year the chtiriry mthde th¢ followiD8 tranuctions with trustees: Nell Scllman £86 (2023: £Nil) of ¢xpenses were teirnbuned Neil Sellnwi dwing the y¢ar. Hugo Trebels £1,228 (2023.. £Nil) of expen were r¢imbun¢d ¢0 Hu80 Trebels during the ye. Chrlstlne WrrlDgton £574 {2023: £Nil) of expenses were reimbursed to Christine wing10n durin8 th¢ ye•r. No tnthe¢8. rtor any person5 connKi¢d with ve received •Dy r¢muneraiion from the eharity durin8 the yeor. Page 18
The Stables Trnst Limited Notes to the Financial Ststements for the Year Ended 30 September 2024 13 Analysls ofg•v¢rnn¢¢ nd sUPPOrt costs Governance costs Unr¢$trl¢ted Total 2024 Cenergl Accountancy fees Other fe<8 paid to g¢¢ountants 600) 1600) 600 14 Iyet Itt¢omInout¥Okng resourees Net Incoming resources for the year include.. 2024 2023 D¢pre¢iation of fixed assets 15.808 15J57 IS Staff eosts The Trust do¢s not employ people. Th¢r¢ were no anployee$ in this financial period. nor in 2023. P¢ 19
The Stables Tr•st Limited Notes to the Flnanelal Statements for the Year Ended 30 September 2024 16 Tn8lble fixed tsets L4nd and buildings Furniture and equipment Totsl Cost At l Oetob¢r 2023 Addition5 346202 257.182 20.865 603.384 20.865 At 30 September 2024 346202 278.047 624249 Depreciation l October 2023 chge for the year 131.127 5.149 157,676 10.659 288.803 15.808 AI 30 September 2024 136276 168.335 304.611 Nrt book yUc At 30 September 2024 209,926 109.712 319,638 At 30 S¢O¢mb¢r 2023 215.075 99.506 314.581 17 Taxatlon The ¢h¥Tity is a regstered ehatity and is therefore exLXDPt from Corporntion T. Pa8e 20