Company r¢gistsJtion number. 591781
Charity tegistration number. 211361
The Stables Trust Limited
(A compw limited by 8u*an*)
Annual Report aDd Fin•n¢iaJ Ststell￿ts
for the Y¢Ar Ended 30 S¢pt¢mbtt 2024
Manningtons
39 Hi8h Street
Battle
Basi Svs5ex
TN33 OEE

The Stables Tr￿t Limited
CoDtents
Reference and Administrative Details
Tnthes, Report
2to4
Sta*n￿l of Trus*e¥ 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
s￿art Baillie
Hugo T￿be1$
Christitie Warrington
The Stables Theatre
High Street
Hustings
E85t Sussex
TN34 3EY
Reglstered Office
Th¢ charity is Inco￿0[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¢ ¢h￿lty 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$4￿0Kal Strucfure
The Council of management (the tswtees) meets regularly to administer the charity. Day to day operation of the
theatre is in the hands of various dep8Tlm¢nt•l groups of which has a tsu$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 f￿1 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, at￿ther 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 su￿rb 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¢.
STr￿entS 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 n￿1n 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¢ norn￿1 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 T￿resented by fixed Assets or designated
by the truste¢s for a particular purpos4 WC￿ £222,134. which the tn￿tr¢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$8.
Th¢ tNs¢ees ar¢ responsibl¢ for k¢¢pin8 prnp¢r accouniing records thai Can di￿10se with r¢ason8bl¢ accuracy ot
any time lh¢ finonciol posilion of the charitable compony ind enable them to ensure ihat the financial ststemen
comply with th¢ Companies Act 2006. They are also responsible for 5&feguarding the Assets of the eharitable
¢ompony And hence for tHkin8 r¢050n4ble Steps for the prevention and d¢t¢¢¢ion offraud and oth¢r irre8uloritie$.
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 orr4￿rt
As the chariiy's tNstees of the Cotnpany (and also its ditectoffs for the Purpo￿9 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 r￿t requir¢d to b¢ audited under Part 16 of th¢
2006 Act and are eligible for indyndent examI￿tiO￿ I report in J¢spc¢¢ of my examination of your charity's
a¢¢ounts as carried out under seciion 145 of the Ch￿ItIeS 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 s￿tement 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
I￿11￿d (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(ex￿￿itur¢)
14,851
(1.225)
13.626
Net rtK1V¢ll￿1 in funds
14,851
(1225)
13.626
RteODcUl*tlott 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
Inv￿nt 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 (￿111￿g 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 fi￿d8
20,535
21,760
Unres¢ricted Income funds
Unrestricted funds
521237
506.386
Total
541,772
528.146
For the fi￿n¢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 Sthtem￿ts 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
chaim￿ll
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 Th￿tre
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.
B*sS1 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¢ c1wit￿S 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 aNdl*8oeltS
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 defe￿ed #tbd not recognis¢d until either those conditions are fully
me4 or the fulfilment of those ¢(M￿ltiOnS is wholly within th¢ ￿nI￿oI 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 enti￿ement 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
recO￿ls¢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 d1￿ctlY 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 ¢b￿g¢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 sta￿tOry 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 reCo￿lSed in incom¢ over the period in vthich the related costs recognis¢d. Grants relatin8 to assets are
recognised over the expected use￿1 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 CO￿￿TatiOn 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 an￿rtIS*l￿on
Dep￿latIOn is providcd on tan8ibl¢ fix￿ assets so as to write off the c(6t or valu￿10￿ 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 an￿￿nts 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
¢stablis1￿d 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 r￿CIVIble￿
Cash atyd Cash eqlllvRients
Cash and ¢ash eqUiv￿cnts 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 re￿gniSed initially at th¢ ¢rnAsoction prlce.
Fund struethre
Unrestricted income fijnds are general fimds that ar¢ available for use at the tn￿le¢S dI￿retIOn in fi￿l￿ance of
the ObJ￿11veS 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 SE￿irl¢ the us¢ of which
is r¢strie*d 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
Tot*1
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 ¢hArlt*ble g¢tlvld
Unrestrlet¢d
fuDds
Geoer•l
Total
2024
Ttst*l
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￿¢T*1
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
U*restrl¢ted fuDds Reslrkted
Desl8ts*ted GenerAI
funds
Total
2024
Tot*1
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
UDdert*ke
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 ¢XF￿AInllc 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 Y￿r 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: f*liln8 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 LID￿ted
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
res0￿ree5
expended
Unrestrl¢ted funds
General
General fund
475J78
208.918
1179.654)
504.642
DeSIgn￿ed
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 pU￿￿3¢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¢s1￿1¢d by
th¢ trusiees for use tn r¢p]#CiDg the th￿tre house tab5 (stage ¢urt¥ills). Depreciation on the ass¢ts fi￿nCed
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 s￿nSors S¢l*llx. 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 t0￿dr& 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¢slgn*ted
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 Tr￿￿e•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 W*rrlDgton
£574 {2023: £Nil) of expenses were reimbursed to Christine w￿ing10n 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¢rn*n¢¢ *nd sUPPOrt costs
Governance costs
Unr¢$trl¢ted
Total
2024
Cenergl
Accountancy fees
Other fe<8 paid to g¢¢ountants
600)
1600)
600
14 Iyet Itt¢omIn￿out¥Okng resourees
Net Incoming resources for the year include..
2024
2023
D¢pre¢iation of fixed assets
15.808
15J57
IS Staff eosts
The Trust do¢s not employ people. Th¢r¢ were no anployee$ 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 T*n8lble 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
ch￿ge 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 y￿Uc
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