Company registration number.. 591781
Charity registration number.. 211361
The Stables Trust Limited
(A company limit¢d by guarantee)
Annual Report and Financial Statements
for the Year Eryl¢d 30 Sep*mbet 2025
'AEOTXV66*
2411LV2025
COMPANIE5 HOUSE
Illllll
#230
Manningtons
39 High Street
Battle
East Suss¢x
TN33 OEE

The Stables Trust Limited
Contents
Reference and Administtative Detsils
Trnstees, Rqjort
2to5
Statement of Tn￿¢s, Responsibilities
IndepelldEDi ExamiD&5 Report
Sratement of Financial Aetiviiies
8t09
Balance Sheei
10
Notes to thc FIna￿la1 Statements
11 to21

The Stables Trust Limited
Referen¢e and Administrative Details
Chairma
Neil SellmaD. Chairnjan
Trwtees
Ha￿1¢1 Davey, Secretary
David Harding
Stsart Baillic
Hugo Trebels
Christsne wattin￿On
Caioline Saint Vire
Benjamin Randall
The Stables Theatre
High Str¢¢t
Hastings
East Sussex
TN34 3EY
Reglstered Offitè
The charity is Incor￿[￿led in England ond Wales.
591781
Company Registratlon Number
Charlty Registration
211361
Bankers
National Wrsttninstcr BaDk plc
Havelock Road
Hastings
TN34 IBW
Hampshir¢ Trust Bank
PO Box 74(K)3
London
EC2P 2QR
ManniDgions
39 High Street
Battle
East S￿&SeX
TN33 OEE
Indepettdttht Exqminer
Page I

The Stsbles Trust Limited
Trustees, Report
The tntstees, wtrlo dtr¢ctors for the purpos¢5 of ￿npanY law, preseni the 8Dnual report together with th¢
fiDaDcial statemenls and audiiors, report of the charithble company for ihe year ended 30 Sepiember 2025.
Obje¢tlves ind *ttiviti¢s
Objects and aims
The objecrs of the charity aTe the preservation of The Sthbles. building and ihe education of the publtc in the
dramalie arts.
The chariry owns and occupies The Srables, building_ Having initially restored the Ihen derelici Grade 2* Itsred
building and conv¢rted ti into a th¢atre and arts centre, the chaTity continues to maintain and operate li.
Obieeiives. sirrtr¢gies 4nd rt¢tivities
Th¢ Stra￿￿Y of the cbarity is to provid¢ th¢ publi¢ with oppwtiiIiities to ¢xp¢ri¢Dce the dramatic arts at ail
levels, whether as direci participattts or audience. and at affordable cost. The Stables venue is operar¢d entirely
by volunt¢¢r members wbo undenake all the wks associaied with a theatre aDd ans ceotre. such as stsge
management, set design and buildin& lighting and sound, wardrobe. art gallery n]anagemen4 box officc, bar and
front of house duties. FOI those wi5hin¥ to act or direct the chan.ty an &tnateur"group which Produces 9-[0
play5 uch ye4r io a very bigh standard aThJ is a member of Ihe Littl¢ Theatre Guild ol Greai Bri￿1n. In addition
to these plays. touring 8nd other professional producrions are 5￿ge￿ the fa¢iliiies are rnade available to other
local amateur 2nd cornmunity groups. art exlubiiTrons are held each rtK)nth in the gallery ind wotk5hops and
other items are programmed.
P4bli¢ benefit
The trustees confirm that Ihey have complied with the reguiremenL8 of section 17 of th¢ Chariries Act 2011 to
have due regard ￿ the public benefit guidance ￿b]iShed by the Charity Cornmission for England and Wale&.
Structsre? governan¢e and manag¢m¢n¢
IVo¢¥r¢ of8ovrrn¢ng docMmi¢irl
The Stables Trust LI￿lled is a COTnpany limiied by guardntee governed by its rnemorandurn and 3rticles of
associ￿10￿. It is TeEisi¢red as a cbarity with lh¢ Ch￿StY Commission. Aoyone over the age of 18 call become a
[neMb￿ of th¢ company and ther¢ are CUTTently at*)ui 1,8(K) member&
Recruitment tTnd appointhientoftrustees
Trustees are elected a1￿U¥llY by the members of the charitable company atteDdiDg the Annual GeD¢ral M¢¢ting.
All n)ernbers are circulated with iDvitstions to nominate ttustees pnor to the AGM advisiDg them of the retiring
truste¢s and requesting nominations for the AGM.
JAdMaion 4TndtruiMing oftrMsÉees
New tsust¢¢s undergo an orientatioll sesslon to brief them QD th¢ir legal obligations und¢r chaTity and company
law, lh¢ content of th¢ m¢morandum aDd ani¢les of association, the decision making processes, th¢ busiDe5S
plan and recertt f￿a￿claI t*rforrnance of the charity. They will bB given a tour of the building and all outline of
Ihe work of the various depamienrs.
Arrwig¢M¢n¢sf•r sethng key mau4gemeAkper50nMel remunemtion
The charity doe5 not employ any illdkvKluals. all trust￿5 a￿1 key management contribut¢ rbeir tirne on a
voluntary basis.
Page 2

The Stables Trust Limited
Trustees. Report
Orgonis41ional str¥eiMre
The council of management (the trustees) meets regularly to admillistrr the cbaTity. Day to day operatiojj of the
th¢atr¢ is in th¢ Iwids of various dep3rt￿nlaI groups ¢xh of which has a En￿ttt link to th¢ council.
Generol RiskMorta8emenl
The trust¢es have a tisk management Strategy wbich ¢ompns¢s an ongoing revicw of the risks th¢ Charity may
face.. tbe cstablishmcnt of Systems and proccdures to mitigatc the identified risks: and the implernentation of
procedures designed to minimise any poteniiai impaci on the charity should ihose risks maierialise.
Dlsclosure of ithforrnation to *uditDr
Each trustee has taken sieps that they ought ro have taken as a trust¢e in order to make thems¢lv¢s aware of any
rel¢vznt audit infomjation attd to esthbljsh that the cbarity's audjtor is aware of tbai Inf0m￿ti0ty. The trustees
t￿]r￿ that there is no r¢levani iofornthiion that th¢y know of and of wbith they know the auditor is unaware.
Achievements 4nd perfonn•nee
Girl on A Trnin, 51age adapthtion by Rachel Wagsthff & Duncan Abel. based on the book by Paula Hawkins
opened our 2024125 S¢aSOD. This along with UneXp￿ted Gu¢5t by Agatha Chrisu¢ gave the thea¢re a great
financial sthrt ￿ the year.
In b¢tween th¢s¢ two shows the Stables & CbrÉs New joiDily prothjced, with The Stables Actors Group, a week
long festival dedicated to Tennessee Williams. AD Evcnirtg with Teon¢ssee Williams showused ttvo onc act
plays, Talk to me of Rain and Auto Da Fe and the artiSti￿lY a¢¢]aitned Glass Menageric.
2025 opened with the beautifully stsgfyj and acied After Miss Julie by Patrick Marber wirh the equally
enihTalling Mayfly by Jo¢ White following in March.
A new venture for June 2025 - 'Stsbles Theatse Scene and Heard Fe￿Ival 2025 - Led by Wornen., workshops.
exbibitjOlk5 al￿ perfonnances all led by women proved to be an extremely su¢¢e$s￿l evenr for the Theatre. This
event enabled us to attta¢t sp0nsotsb1t￿ fi￿dIng and bas paved the way foi future Scene and Heard Festivals.
Next year we will be iyorking with Royal Holloway Unive￿Ity on'Tellillg Lo¢al Stories. a llationwide project.
The Turn Of Tbe Screw, a Dew adaptation by Tim Bla¢kwell. writlen especially for the Stsbles Theatre prtsved
to be both an artistic and ftnancial success.
1066 Youth Theatre retyrned wilh art excilittg. origirtal show which took ihe audience into the dramatic world of
Ihe highly popular Penny Dreadfitl stories of the Gothic ¢￿ Wriiien by Niatl and Jess Ward. The production
was ¢ntirely supported by a young teehnical team.
The UThstable Ensemble (our tr)0 old foT youth tbea¥re grovp) Tetwntd kn the theatre with a stll oui produciioD of
'li's the End of the World and l am Srdl io The closet. a devtsed pic¢c written and directed by the group under
the wat¢hfvl eye of Daisy liussell. This productioo sp)nsored by the ￿'chael Boakes Legacy.
Th¢ season c105ed with A Single Man. by Sirrth Reade based on the book by Christopher Isherwood and ThE
One Good Thing by Joe BrdVaCO winner of the 2024 Trlew WTiting wmpEtilion- greai acting in boih pixes.
Pa8c 3

The Stables Trnst Limited
Trn5tees' Report
tmprov ai the S(abl¢s has now been Fuuning for & year and their audiences have beeo 8rowiti& they are even
begiDning to tour.
Stani51avsky, Athirnal Swdy 8￿j Th¢ Actor and th¢ Target workshops hav¢ bc¢n fxiLitat¢d at th¢ th¢atr¢.
This season w¢ were able to welcome Jeff Graves, Vanessa CoaK Adam Buniing-smith. Jane Midwinter and
Tim Blackw¢ll &% TMV directors to th¢ th¢atre.
The Youth Boord continue to work behind the s¢enes ?rran8ing and PTesenting workshops for young people, this
group have fflanaged to 5ccure fundiu8 throughout tbe year. whKh has rneant that all youtb projects have been
free of ¢harg¢ to participants.
There has been a frasibiliry swdy catried out on the Gwell Watford Gallery and it is planDtd that work on
turning it into a perforniiDg space wiu commence at the kwnning of January 2026.
Exterior work and redecor8tlOD was carried out to the theatr¢ during Au8USt. the Gw¢n Watford gallery
windows were reconditioned ID September. We ère hoping the reflective film that has been added to the glass
will make th¢ summv heal I￿5 intea5e in the gallery.
We have played host to a number of pie¢ts of new writing Jusr for Forever, The Good Thing, Bard Times,
The Tum of The Scrtw. Penrty Dreadfuls. Follow The Eyds. Behind The W&shin8 Lrnt and Sir. We have been
part of the research and dev¢lopment phase of HEY Gty)d Lookn"Dg. Mettle ai]d 15 that a Whip in Your Hand and
played h05t to a number of local aThl touring produ¢tion companies, Same Page Prcmjuctsons, Dyad and Fet¢b
Theatre. putting us at the forefront of supp)nittg new work.
The Thearre is now also recognised &$ a music venue hosting Nighi & Spiers, Stealer, Jason McNiff, Rauti
Piano Trio. Apollo's cabit)ei Prologue Opera and Toby BarellT & King Size Slim and recently the stage for
IndiTa May's new music video.
None of the above lists are exhaustive.
We ¢on¢inue the challenge of making thE theatre sustainable tmjth financially aud operdtl0n￿]y.
A special thank you to members of tbe Council and Producing Tea￿ Niall ¥Dd Barbara for their work with
Youth Th¢atte. Claire for her work with Youth Board. Ingrid for h¢r work In tbe Gallery. Jane. VaThe55a and
Jrnlly foi their ¢ommi¢tnent to the Scene aDd Heard Festsval. m¢mtw of the box office. Bar. Front of House
and backstag¢ Teatn5 without whom the th¢atr¢ would noi fijncuon.
Special Ihank5 go to Caro, Lynd4 Chrisiine, June. Manin, Colin. Cliff. Pe￿r. Sam. Anni4 Frank, Dave and
special thanks to Hugo for being a superb Treasurer, we all wish you well for the future.
Volunieers will alway5 be the backbone of the thtstre and the main reason we can exist, they mak¢ th¢ theatre
sucb a jewel in our comrnuuity, Thank yo
For those of you who have been to the The4tr¢ this season, Ihank you for your support. I hope you h4ve found it
a w¢l¢oming, inclusive and exciting place to be..
Page 4

The Stables Trust Limited
Trustees, Report
Fin*n¢i&l revi¢Tv
. Policy on reserves
By having a policy of operating entirely with volunteers the charity is able io meet th¢ nonnat njnning costs of
its activiti¢s wjthout tht need for reÈular grant funding. Howcvcr, Lt is the policy of the trustees to mailltain free
reserves of £55.000 to cover possible emergency repairs to the buildillg and other contingeDCieS. The actual free
reserves at the year end datr, that is funds which are not restricteil or represented lyy fixed assets or designated
by the iwstee5 for a particular puwjse. were £252.740. which the twustee5 consider is satisfactory.
IHvesimenÉpoliLy 4ndtpbieclive5
Under IhE ￿e￿ora￿dUM and articles of 3550ciation the chariry bas the power to iovest in any way the ￿stetS
wish. The tnjstees. having regard to the liquidity requiternents of operating the theatre and to the reserves
policy. h&ve operated a rM)li¢y of keeping availabl¢ funds iti an In￿re$l bearing deposit account whicb pays
rate of interest as close as possible to the rate ofinflation.
Page 3

The Stables Trust Limited
Statement of Trustees, Responsibilities
The trustees (who are also the dlrectors ol The Stables T[￿￿t Littiited for the PUTPOS¢5 of wmpaDy law) are
re5poDsible for weparing the It￿1¢¢5. report and tbe fman¢ial s￿lemen1$ in a¢¢oidance with applicable law and
United Kingdorn Accounting Smndards (United Kingdom Generally Accepied Accounttng Practice), including
FRS 102 "The Financi&l R¢poniftg Standard appliuble in th¢ UK 8nd Republi¢ of STelafftd'.
Company law Tequir¢5 tbe trus¢ecs to prepa￿ fu)an¢ial ststements for each fiTJotscial year. Under company law
the tn]stees must not approve the financial statements uoless tbey are satssfied that tbey give a truc and fair view
of the state of affairs ol the charitable company and of the in¢oming r¢source5 and appli¢aiion of r¢sources.
including its income aDd expEDdiDJre, of the charitable company for that period. In prqjaring th¢se finaocial
statements, the mistees are required 10..
select suitable a¢￿￿ntIng poli¢i¢s and apply them consis*ntly;
obst￿e the methods atsd prirtciples in the Ch￿ltIeS SORP.
make jud8emcnts attd cstimatcs that art ffra50nablt and prudent"
state whether applicable accounting standards, comprising FRS 102 have been followrt subject to any
rnaieTi31 d¢panLW disclosed and explaiDed in the fioaociai srarements; and
prepare the finanGial statements the going wncern basis l￿leSS it is in8ppropriat¢ to presume that the
charitsble company wiIl ¢ontinu¢ in business.
The trnsttts are responsible for keeping proper accounting record5 that can disclose iyith reasonable accuracy at
any time the financial position ofthe tharioble company and enable (hem io eDSUrt tbat the finanei#l statements
comply with the Companies Act 2006. They are also responsible for 5aleguardiDg the assets of the charitable
company and hence for thking reasonable steps for IhE prevention artd deteciion of fraud and oiher irregulariiies.
The thjstees are iesponsible for the inaintenan¢¢ and int¢grity of the co￿Ordte and financial infottnatLQD
included on the cknaritable compan￿$ website. txgislatioD governing the preparation and dissemination of
fIllancial statements may differ from legislatiott io othcr jwisth"ctions.
prov¢d by the Irustees of the charily on .
signed on its behalf by..
il Seliman
Chairman
Page O

The Stables Trust Limited
Independent Examiner's Report to the trustees of The Stables Trnst Limited {'the
Company,)
I report tt> the Charity ITUSte¢s on my ¢xamiDation of th¢ xcouots of th¢ Company for the year eDd¢d 30
Sqjteinber 2025.
R¢spon$ibiliti¢s and basis of report
As the charity's trustees of the Company (and also its directors for the purtM)ses of cornpany law) you are
responsible for the preparaiion of the a¢¢ounts in accord3ncc with the r4uiremcthts of the Companies Art 2006
('the 2(KJ6 Act.).
HaviTL8 satisfied mysclf that tbe accounts of the Company arc not required to be audited under Part 16 of the
2006 aJ)d are ell￿ble for independent examiDatioN I report in respect of my examinaiioD of your charity'5
acwunts carried out under S¢¢Lion 145 of the Charities A¢r 2011 ('the 2011 A¢t'). Jn carrying out my
examination I have followed the Dir¢¢iions giv¢n by the Charity Commission uNler section 145{5)(b) of the
2011 A¢¢.
Independent ex#mlts¢r's $¢atemeDt
I have COllLpleted my ¢xarninatlOD. I confinD that no matlers bav¢ o)me to my aueniion in ¢onne¢iion with the
exa]nin8tion givin¥ rne Cause ￿ believe:
l. accounting recoTds were not kept in respect of The Stsble5 Tn￿l Limited 85 requtred by s¢ctioD 386 of the
2006 Act,. or
2. the accounts do not a￿Ord wilh those recoTds.' or
3. th¢ accoullrs do noi comply with the accowiting requircrnents of section 396 of the 2006 A¢t other tha
any requirement that the accounts give a 'ttwe and fair Vic￿ w￿"(h is no¢ a mattel considered as part of an
iDdrpeudent exatDiiiation' or
4. the accounts have noi been prepared in accoTdaoce with the method5 and priticip1¢5 of the Stst¢ment of
Recommended Practice for accouniing and ieporting by chariti&% [applicable 10 charitie5 prep8ring their
a¢counts in accordan¢e with the Financial Reporting Stsndard applicable Tn the UK and Republie of
Ireland IFRS 102)].
I have no ¢on¢erns and have Come acros$ no other matters in connection with the ¢xarnination io which all￿[lOn
should be dra￿ in this r¢port ID Order to ¢nable a proper understsnding ofthe accounts to be I￿h¢d.
R Wa15h FCCA
39 Higb Street
Battle
East Sws¢x
TN33 OEE
Page 7

The Stsbles Trusl Limited
Staternent of FinanciAI Activities for the Year Ended 30 September 2025
Oncluding Income 2nd Expenditure Account and Stalement of Total Recognised GAins
and Losses)
UDr¢stri¢ted
Restricted
fund5
Total
2025
- Note
Incorne and Endowntents from:
Donations and legacies
Charitable activities
tnvestment income
23.770
186,941
5.￿20
17,081
40,851
186,941
3,020
Total income
213.731
17.081
230.812
Expenditllrt on-
Charitsble aciivities
(198.460)
(2,468)
200,928
Total expendhture
(198,460)
(2.468)
(200,928
Net sncome.
15,271
14,613
29,884
Net movement in fundi
15271
14,613
29.884
R¢¢fjDciliation of funds
Totsl funds brougbt fonward
521.237
20.535
541.772
Total funds carried fon¥ard
16
536,508
35.148
571.656
The notes Oll pages I I to 21 forni an ini¢gral part of these financial s￿eMents.
Page 8

The Stables Trust Limited
Statement of Flnancial Aetfivities for the Year Ended 30 Septernber 2025
(Including Income 2nd Expenditure Ae¢ount 2nd Statement of Tot21 Recognised Gains
and Losses)
Unrestrieled
[￿￿d$
Restrietsd
lunds
TotAI
2024
Note
Ineomt #nd Endowments frnm:
Donations and legacies
Charitsble activities
Jnveslment income
34,543
179271
2.328
34.543
179.271
2.328
Total income
216,142
216,142
Expendit￿re OD:
Charitsble activities
01.291
1,225
202.516
Total expenditure
201,291
(1,225
(202,516
Net income/(expenditure)
Nei movement in funds
14.851
(1.225
13.626
4.851
(1.225)
13.626
Reconeillation offund5
Totsl fijnds brought forward
506.386
21,760
528,146
Total funds carried forward
16
521.237
20,535
541,772
All of the ¢h#rity'S activiti&s derive from continuin8 operations during the above rwo periods.
The fundg breakdown for 2024 is shown in note 16.
The notes ou pages I I to 21 fom) aD integtal part of thEse fitwicial slat¢mellts.
Page 9

The Stables Trnst Limited
(Registration number: 591781)
Balallce Sheet As at 30 September 2025
2025
2024
Nole
Flxed fissets
Tangible assets
318,916
319.638
Curremt assets
Sto¢b3
Debtor5
Casb ai ballk a￿d ill hand
12
4,878
11,824
256,236
272,938
20.198
4.764
10.182
222.483
13
14
237.429
Creditors: Amounts fallAng due within one yt*r
Net turrent aMtt5
15
(15,295)
252,740
222.134
et A55ets
571.656
541,772
Furtds of the charity:
Restricted incomt fuods
ResIric￿d fimds
16
35.148
20.535
Unre31rided income funds
Unrestricted Ojnds
536,508
521,237
Toial fund5
16
571.656
541,772
For the fiDaDcial yeai endTng 30 Septernber 2025 the rharity wd5 entiiled to exemption fTOrn audit under sectlOD
477 of the Companies Act 2006 relating to 5rnall Companies.
Directors, tesponsibilities..
The mtrnbe￿ have not required the cbarity to okAaill 8n 8￿jIt of its attouDts for the year ill qiiestion
accordance with section 476; and
Th¢ dittctors xknowled8e their r&%poosibiliti&s for complytng with the r¢quirem¢nts of th¢ Art with Tespect
ts> a¢counting re¢ords and th¢ pr¢pararioD of accounts.
These financial ststements have been prepa￿1 in #¢wrd￿ with the special provisions ￿latittg to companies
subject to the sm411 companies regllne within Part 15 ot the CompaDies Act 20(M).
The financial sthternents on pages 8 to 21 *rre approved by the tswtees. and authorised for issue on
signed QD their behalf by-
ChaillnaJ]
The notes on pages I I to 21 form an inttgtal partof these finan¢ial stslerneDts.
Pa8e 10

The Stables Trnst Limited
Notes to the Financial Statements for the Year Ended 30 Septernber 2025
I Cbarity status
The charity is a Charity limited by guarantee and consequently does noi have share capilal. Each of the mernbe
is liabl¢ tt> ¢oDtribute an amouni noi ¢x£¢￿"n8 £1 tOWdrd5 th¢ as5¢ts of the Charity in th¢ ¢v¢llt o( ILquidation.
The address of its registered offjce is=
Th¢ Stables Theatr¢
High Street
Hastings
East Sussex
TN34 3EY
2 AeeountSng polltles
Summary of 5ignificaDt a¢countiDg policies and key a¢¢ouDting estimat¢s
The principal a¢￿￿ntIng ￿lIci¢S applied in the preparntson of these fin8ll¢ial sratemenis are Set out below.
These policies have been consistently applied 10 211 the years presented. unless otherwise 5t8ted.
Statement of compllxllce
The financial sthtements have begn Pfepared in accordance Accounring and Reporting by Charities..
Sraiemthjt of Reconllneuded Practice applicable to charities pr¢panng their aecounts in accordan¢¢ with th¢
Financial Reporting Standard applicable ill the UK and Republic of Jrelamd (FRS 102) (effective l Jalluary
2015) - (Charities SORP (FRS 102)), the Financial Rtportiog Staodard applicable in tbc UK aod Republic of
trelaTKI (FRS 102) and th¢ Companies Act 2C(b6.
Basis ofprep*r8tion
The Stables Trust Limited mcets the defJnitlOD of a public benefit entity under FRS 102. Assets and liabilities
are initially re￿gniSed at historicat Cost or transaction value UTh1￿$ oiheThse stated in the relevant accounting
policy note5.
Golng Concern
The trurtees consider tbai there are no rnatrrial uncertainties aboLLt the charity's ability to Continue as a going
concern nor atty shgnificattl areas of uncertaitity that affect the carryittg value of asscts held by the charity.
ExeJDption frotD preparing a cash flow st&twn¢at
The charity opted to adop¢ Bulldin I published OL 2 February 2016 and hav¢ therefore not its¢luded a cash flow
statement in th¢5¢ fwaneial Statements.
IncDme And endowments
All income is recognised once the ¢hariiy has enri(lemeni io ihe income, it is probable thar the inoome will be
received and the amount of the income receivable can b¢ mwuted reliably.
Page 11

The Stables Trust Limited
Notes to the Financial Statements for the Year Ended 30 September 2025
Donations are recognised wheD the clwi.ty bas bEen no¢ified in writsDg of iM)th the amount and sett]emeni date.
In the eveDt that a donation is subject ro condittolls that require a level of perfornuDce by the cbariry before the
¢h8rity is entitl¢d to th¢ funds. th¢ iD¢om¢ is d¢f¢Ned and not r¢co8tkised utttil eithcr thos¢ conditions ar¢ fully
met. or the fulfilment of those conditions is wholly wiihin ihe control of rhe charily and it is probable that these
condiiions will be fijlfilled in the reporting period.
Gronts receivable
Grants dre recognised whEll the ¢harhty bas an entitlement fo the fisllds and any ¢ondilioD5 Ihnkcd to the grants
have been met. Wlbere perforniance wndiiions are allached to the grdni and are yet io be mei, the income is
reco8ni5ed &$ a liability and included on the balance sheei &$ deferred income to be released.
Inveslrfftenl income
Inveslment income is recognised ott a receivables basis.
Expenditure
All expenditUT¢ is recognised once there is a legal or constructive obligation to that expthjditure, it is probable
setil¢m¢nt is requir¢d aod the amowit can be measured r¢liably. All costs ar¢ allocated to th¢ applicable
expenditur¢ headin8 that aggr¢gate similar ¢osts to that category. Wh¢re costs cannot b¢ dIr￿UY attribut¢d to
particular headillgs tbey have b¢eu alloca*d on a basis coll51Stent with the use of resources, with central staff
osts allocated on the basis of lime speni. and depreciation Charges allocated on the ponion of ihe assei's use.
Other suppoit ¢osi$ are allocated b&sed on the spread of s&ff c05ts.
Chdru4lJle activiti
Charitable ex￿ndi￿re compnses th¢)se costs iTKurred by the charity Tn the delivery of Tts aclivitle5 2nd services
for its beneficiaries. It includes both costs thai can be allocated directly ro such activiiies and those cosis of an
indirect nature necessary to 5UPPOrt them.
Governance Costs
These inelude the costs attributable to the chartty's ¢ompliance with ¢onsututioDal aDd statutory requirements.
including audit, strategic managemeot and trustce5 meetings and rcimbws¢d expcDSeS.
Taxatio
The charity is considered ￿ pass the iests sei out LD Patagnph I Schedule 6 tsf the Finance Act 2010 and
therefore it meets der￿ltion of a eharirable ¢ornpany for trK corporation tax puxposes. AtcordiDgly, the
Charity is p)ientially exempt from taxation in respect of income or capital gains r￿e1ved withill Categories
covered by Chapter 3 Part L l of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable
Gairks Act 1992. (o the ¢xi¢Dr that sucb income or gains are applied excl￿81vely to charitAble purposes.
Tangible fTx¢d assets
Individual fixed assets costing £IOO.OLI or art iuitially recorded at cos¢ less auy subsequent accumulated
depreciats.on and SubSeq￿￿t accumulated illjpairnJeDt losses.
DepTecl¥Jtion amortlsatlo
Depreciation is provided on tangible fLxed assets 50 as to wrilc off the cost or valuatiou, less any estimated
residual value, ovcr their expected usefvl ¢conomic life as follows=
Page 12

The Stables Trust Limited
Notes to the Financial Statements for the Year Ended 30 September 2025
Asset class
Freehold interest in laDd trtd buildings
FixbJr¢s. fittings aDd equipment
Depreciatioft method )Ind r#ie
2•/• straight line basis
4%- 25 /• on rbe reducing balance
Stock
Stock is valued at the lower of cost and e5timared selling price less costs to complete and sell. after due regard
for obsole* and slow moving stocks. Cost is detemiined using the fitst-in. firS(￿u¢ (FIFO).
Trade debtors
Trade debtors are amounts due from cu5tomets for merdwodi5e sold or services perfonned ID tlbe ordinary
course of busiuess.
Tradc debtors are recogllised initially at tbe transactioD price. A provision for the impainnent of trdde debtors is
established when thete is objeclive evidEnce that the charity V4LII not be.able to collect all amounts due
according to the origiDal t¢rns of the re￿1¥able5.
Cash and e•sh equlvalettts
Cash and Cash equivalents ¢ompTise cath on Ihand and call dep)5its, and oth¢r short-t¢nn highly liquid
investtn¢nts that are readily CODvertible to a known amount of cash and are subjwt ￿ an inSi￿]rIcant risk of
hange in value.
Trade credSlors
Trade Creditors are obligations ￿ pay for good5 or services (hat have been aquired in Ihe ordinary ￿Urse of
business from supplier5. A¢counts payable are classified as curreni liabiliiies if the charity does not have an
uncondi(ional right, at the ¢nd of the reporting Per1￿ to defer settlemeni of rhe ¢￿dItOr for ai least twelve
months after the report¥ng date. If there 15 an unconditional ri8ht ￿ defer settlement for at leasi Iwelve months
afl¢r Lhe reponing dat¢, Ihey are presenied as non4urreni liabilities.
Trade creditors are recogDised iniiiaily at the transacts.on price.
Fund structure
Unrestricted incorne flu￿ are general fvnd5 that are available for use at the ttwtees discretion in fiJrther#nce of
the objectives of the ¢harity.
Designated fuDds are unrestrictcd fithds sct aside for specific purposes at the discretion of the rrnstee
Restricted income fund5 ar¢ thoK donated for us¢ ID a path"cular area or for spccific Pu￿05¢5. th¢ u5¢ of which
is restricted to that area or PUTPOS4
Page 13

The Stables Trust Limited
Notes to the Financi21 Statements for the Year Ended 30 September 2025
3 Iocome from don4tions l¢g*¢i
Unrestricted
Total
2025
Total
21124
Designated
Ge*er*l
Re5trieted
Appeals 2nd donations
Granis. including capital
grnnls;
GraT)1s from othcr charities
Membership subscriptTons
Sponsorsbip
4,550
1,760
6.310
16.733
17,081
17.081
16,260
1,200
16260
1,200
16,610
1,200
4,550
4 Income from ¢b*ri¢abl¢ acd¥itie8
UArestrietrd (und%
DeJignat¢d
General
Total
2025
Tot*1
2024
Admission charge5 and
progrdmmes
Bar income
An gallery income
Th¢aiTe and eostyme hire
Other income
3.941
123,853
48,232
2,536
245
8.134
127.794
48,232
2,536
245
8,134
126,983
45,741
3,516
195
2.836
3,941
183.(
186.941
179,271
5 Inv¢stn)eDt iD¢OllIt
Unrestrlcted
funds
General
Total
2025
Total
2024
Inlerest receivable and sitnilar income..
lnIe￿sL receivable ort bank deposiL8
3.020
2.328
Page 14

The Stables Trnst Limited
Notes to the Financial Statements for the Year Ended 30 September 2025
6 Expettditsre on eharAtsble actlviti
U*re5trfttrd fufids
l)esiEM*ted General
Restrlfttd
funds
Tot*1
2025
2024
Note
Operatiort of (h￿tre and
arts theatre
Depreciatton, amortisalion
and other similar cos
Goveman¢e c05rs
6.747
177.043
1.3fKI
185.090
187.308
92
14.578
1,168
15.838
15.808
600
6.839
191,621
2.468
200,928
202,516
Vnrestri¢ted funds
De$igDated
Gellernl
Restricted
Total
2025
Total
2024
Produciiou5 Costs
Bar purcbases
Training
Art gallery costs
Estsblishment cosrs
Repairs and m&nienance
Office expenses
Prinring posiage and SI￿70n¢ry
Sundry and other cost5
Cleaning and refuse
Marketing
Bank charg¢s atKI credit card
Charges
D¢prcciation of tattgibl¢ fixed
assers
59.976
27.756
720
3.322
24.919
13.571
10,710
1,922
.233
15.475
9.138
66.622
27.756
720
3,322
24.919
13,871
10.710
1,922
1,233
15.475
10.239
75.118
27,015
125
1.576
24.232
11,876
10,479
2.463
26
15.358
9.352
300
i.ioi
8.301
8.301
9.088
92
14,578
1.168
15.838
15.808
6.839
191.621
2.468
200.928
202.516
Page 15

The Stables Trust Limited
Notes to the Financial Statements for the Year Ended 30 September 2025
7 Analysis of goverD#Dfe and 511PPOrt co$ts
Governance costs
Total
2025
Tot#1
2024
A¢¢ourt¢an¢y fees
Other fees paid ￿ a¢¢ounthD
(600)
8 Trusteo remuneratioTr xnd eipen5es
During the year thc cb2rity made tht following trnnsactions with tr￿1¢¢$..
¢11 SellmAD
£108 {2024". £86) of expeJJs<8 were reimbursed to Neil Sellrn duting the.year.
Hugo Trebels
£576 (2024.. £1,228) of ¢xpeDS¢S were reimbursed th Hugo Trebels during the year.
Chr•stine W*rriTrgton
£629 (2024.. £5741 of expense5 We￿ reimbursed ￿ Chrisiine Warrington during the year.
Stuart Ballll¢
£12 (2024.. £Nill of expenses were reimburs￿ to Sttkrt Baillie during ihe year.
Colin Dormer
£38 (2024.. £Nil) of expenses were reimbwsed to Colin Dormer durtng the Y￿r.
No rrusiees. nor any persons connected with them. have received any remuner41ion fTom th¢ charity during ihe
year.
9 Stxff ¢0sts
The TA￿t does not ernploy people. There Were no employtts in this fi￿30claI pEriod. noi in 2024.
10 Taxation
The charity is a r¢￿$1￿￿ dwity aDd is thereftsre exempt from CoryK)ration Tax.
Pa8e 16

The St¥bles Trust Limited
Notes to the Flnancial Statements for the Year Ended 30 September 2025
11 Tartgible r￿ed assets
Lsnd And
buildings
Furnit￿￿¢ gnd
equipment
Total
Cost
Ai l Octob¢r 2024
Additions
346.202
278.047
624,249
15,116
At 30 Sept¢rnber 2025
346.202
293.163
639,365
Depreti*ti•n
Ai l October 2024
Charg¢ for the year
136.276
5.149
168.335
10.689
304,611
15.838
At 30 September 2025
Net book value
141.425
179.024
320,449
At 30 Septrmber 2025
204,777
14,139
318.916
AI 30 Sept¢mber 2024
209,926
109,712
319,638
12 Stock
2025
2024
Stock5
4,878
4,764
13 Debiors
2025
2•24
Trade debtors
Prepayments
238
11.586
10,182
11.824
10,182
14 Cash *Dd eqwiv*leAts
2025
21124
Cash QD hand
Cash at bank
980
25S.256
1.179
221,304
256.230
222,483
Pagc 17

The Stables Trust Limited
Notes to the Financial St2tsments for the Year Ended 30 September 2025
15 Creditors: falling due within one y¢4r
2025
2024
Trade creditors
A¢cnJals
1,690
18,S08
4.336
10.959
20.198
15,295
16 Funds
BAlance at JO
September
2025
. Balance #i i
Ortober 1024
Rewure
expended
resourt
Unrestrieted funds
GenenTI
G¢neral fund
519,589
205,240
(191.621)
533,208
Designotsd
George Leach Memorial fijnd
2025 Scene & Heard Festival
fi￿d
2026 S¢ene & H¢ard Festival
1.648
(92)
1.556
6.441
2.050
(5.747)
.000
694
1.050
1,648
8,491
6,839
3.300
Total urtrostricted fund5
521.237
213.731
(198.460
536,508
R¢strlcled fund5
Auditorium and Access Proje
20,269
266
(1,055)
(113)
(300)
{1,￿0)
19.214
153
I,7(￿)
2.190
Bar Furnitu￿ fijnd
S￿010 Theatre Conversion ftll
Youth Board fiu
2026 S¢¢n¢ & Heard Festival
fund
3.190
11,891
11.891
Total restricted fuDds
20,535
17.081
(2.468)
35.148
Tot*1 funds
541.772
230.812
{2￿.928)
571,656
Pa8e 18

The Stables Trust Limited
Notes to the Financial Statements for the Year Ended 30 September 2025
Bal￿nCe xt 30
September
2024
Incon￿rtg
Tesourees
Rt50urces
txpended
October 2023
Unrestritted f•nd$
Gemeral
General ￿nd
504.642
216.142
(201,195)
519,589
De&ignoréd
George Leach Mcrnorial fuod
Total unrestrieted funds
1,744
1,648
506.386
216,142
201.291
521.237
Rfstricted
Auditorium and Access Project
21,368
392
{1.099)
(126)
20,269
266
Bar Furnitrjre fimd
TotAI r¢stri¢t¢d
21.760
,225
20,535
Total funds
528.146
216.142
{202,516)
541,772
Page 19

The Stables Trust Limited
1¥4otes to the Financial Statements for the Year Ended 30 September 2025
The specific purposes for which the funds are to be applied are as follows..
Designated fijnds:
Funeral donaiions in respect of ihe late George Lexh were received by the eharity and were designated by
the tswtets for use in ryla¢ing the theatre hO￿$t tsbs (stsge Curtains). Depreciation on tbe assets financed ftD
the fvNI are charged agaiD5t the filnd balance.
The 2025 Scene & Heard Festiv21 fulld was to raise fimds for thai pioject. included donations from the
Gloria Kitchener and SI￿la Lincoln chaTiry shop in Welling and ticket sales.
The 2026 Scene & Heard Festival fund was to Taise fimds for that yoject. incluthd donaiions from the
Gloria Kitch¢ner and Sylvia Lincoln cbariiy shop Welling.
Restri¢ted funds:
Th¢ Auditorium and Access Project fund was to raise funds for that project. These included a grant frorn ALts
Council England and the Sear Sponsots Scheme. DepreciarioD on the assets rJna￿ from the ￿nd is charged
a￿ainSt th¢ fwld balance.
The Bar Furniture fi￿d consists of a grant from the Isobel B]a¢ktnan Foundation towar￿ the cosi of new bar
fUrnI￿re. Depreciation on ihe assets financed from the fund is charged aga1ft￿ the fund bal￿te.
The srL￿10 Theatre Conversiort fi]nd con5iw of a from tl* Dunard Fund toward5 the ¢ost of ¢onv¢ning
the Gwen Watford room into a snhall swdio theatre. The work is due to start in Januray 2026, it will bave dual
use and will reKnain a5 an overlloiv area for the bar.
The Youth Board fi￿d ¢onsi5ts of a granr ftom The Cbalk Cliff for young people interested in variou5
aspects of theatre and live wforn)an¢e, funds for this projxt tnclude running various workshops.
The 2026 Scene & HeArd Fe51ival fLWLd was to raise funds for thai projttt. Thcse included a 8rant frorn th¢
School of Perforning and Digital Arrs and the S￿￿ Communily Fund. This is following from the successful
2025 Scene & Heard Fesrival. the theme for 2026 is.. Making L(Kai Stories: Coastal Towihs - HasiiDgs, which
will Comprise of various workshops, perfornwices and various other compoDeJiLS.
Page 20

The Stables Trust Limited
Notes to the Flnantlal Slatements for the Year Ended 30 September 2025
Analysis of D¢¢ assets between funds
Tot*1 funds •t
30 Seplember
2025
Unrestricted f¥nds
General
Dtsighated
Restricted
futhd$
Tangible fixed assets
CurreDt assets
Current liabiknties
297.993
255.413
(20,198
.556
1.744
19.367
15.781
318.916
272.938
20,198
Totsl nei assets
533,208
3,31K)
35,148
571,656
Ttttxl funds #i
30 Stpternber
2024
UDrestricted funds
GeTher*l
Designated
Restrtcted
funds
Tanglble fixed assets
c￿￿e0t &5sets
c￿￿ellt liabiliti¢5
297,455
237,429
15,295
1.648
20,535
319,638
237,429
15.295
Total net assets
519.589
1.648
20.535
541,772
Pa8e 21