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2024-08-31-accounts

vtyistsation nurn￿r 235218 Cm>any w•gl•lr•llon nwthrOO801532 (England and Walm) THE THEATRE ON THE STEPS LIMITED ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

THE THEATRE ON THE STEPS LIMITED LEGAL AND ADMINISTRATIVE INFORMATION Tru8t•e• Mr l Reddilvwh Mrs. C Reddiw Mrs S Britton K B*¢f numb•r 235218 Conwany numb 1532 R•g18t•r•d offle• S¢or)wway S 8ndgnorth Slwshir• United Kingdtyn WV164BD Ind•p•nd•nt •xamln•r U{￿n Slreot Vkst Mklland8 Unllod lfjn9dom W41 3JE

THE THEATRE ON THE STEPS LIMITED CONTENTS Page TnJsta¢8' report Intyndent examinefs rewt ststermnt of fmandal actP•it Baknce sheot Note# to tho financial st•twn￿1￿ 6-15

THE THEATRE ON THE STEPS LIMITED TRUSTEES. REPORT {INCLUDING DIRECTOR'S REPORT) FOR THE YEAR ENDED 31 AUGUST 2024 Trust•e8 present th￿r annual report and final￿1 statements for the yèar anded 31 August 2024. The 8c¢o¢Jnls have b••n prepartrd in a¢¢t)rdarKx ith the a¢c(xmkn"ng polKi&s set ¢)ut in note 110 th• aceounls and comply wllh the companls M¢moTanthJm and ArtKI85 ofA$80c48tk￿, the Companw Ad 2Cth and-A￿Ountpng and Repo￿￿9 by Chwilie8.' Slat¥merrt ol Recommended Practica applicable lo ch9rlties preparing their aC￿UnIS in accofdanc with the Finantsal Rapothg Stsndard applKable in the UK and R•put of Ireland IFRS 1021" 1•8 •mend•d for ac￿l￿ting period8 c¢mmencing from 1 January 2016) obj•￿1¥•¥ and •clfvltl•• The companls ofy.ects e lo promckn, enc£wrage w•ase the apprn(iat¥)n and und•rstandlrvJ of the arts generaly and to encourag6 and 858isI in th8 advanc￿)￿ of oducakn In that bel￿. Th advfty nlinues lo b• the provi￿C￿ of slage perf0M￿l￿ The Tru8tses pald due regard to guldrni i8¥ued by th• Chaiity CommiBslon In dxfjthrvJ ￿ actlvltie8 Ihe )mpany should und•rtako. A¢hl•v•m•nt• and p•rfombnc• The company contlnu8d to produc• a varwl ¢•lendoT ofwtisY¢ aTh1 ￿murAI porftymrn and knr th• publlc benefit. and is Inm&ng th• numbw ofshm stag•d. The tru8te•s have re￿¢Wed the of thw (anty in ￿ne wlh lh• Clwlty Comm8N)n W￿d￿C• and ￿nI￿rM that Ihoy continue lo be for the public benefiL Fln•ncW v•vl•w The ￿MpanY ha8 a ful prokvammtr fry lh• y•w. mtsans that thg company r￿ainS In a strong posilion. The than(ao1 posttlon18 8•t out in Ihe stat•m￿l of FknancaolAdiwtth on p•ge 4. ft18 the polty of the company Ihat unr•St￿￿ fund8 have not bgen al•d lor a 8peok u8• SI￿ld b• mainlaingll al a levd equlvalent lo befvmen three aThJ six month'8 eXp￿1￿￿re. The Trustees con$ld•r that resem8 ot thls lo￿1 Mll ensure that. in the event of a signikanl drop in knding, they wll bo abl8 tv continue Ihe ¢ompanY8 ¢urrenl octmlies while con$ideratlM i¥ given to ways In tHhKh addlllonal fvnd8 may be rals•d. Th18 level of res8The8 hès been maintslnod IhfoughtyA ttre year. The Tru8t8e8 have assessed th• major rfsk$ lo tht4ch tha c4mpany is exposod. and org sati&ftod that system8 ar• pla￿ lo miligale e¥posur6 to the malof Plam for fu￿rn p•riod• The ¢ompany will continue to InrA?s• the Thmnber ol kn produ¢•d WKI make more us• of th• Theatr• during woek Yays wlM¢h Mll rgsLrtt in an wKreas• li I￿n0Ver, expandng kn Tolg 48 a Lxrnunty theatr•. Slru¢ture. gov•rnanco and mM9•m•nt Thealrg on the Slep8 Llnwlod w88 80t up in 1964 and Is a dwiitablg o)mpany IlrThted by guarantee. Th• ¢¢ryyany Is govem*J by it$ memornndum and ot¥¥soraaUon. The TnJ8tse8 who 8¢D￿j dLKing the ￿aT￿Ore Mr l Reddihough MT8. C Rèddihou Mrs S Britton K Bakar

THE THEATRE ON THE STEPS UMITED TRUSTEES, REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2024 Trustees 8r8 recruited from n￿rnberS and fvi8nd$ of theatre and olher vdunt8ers and are n￿ninated by existing m8mbers. Friends and VLlurrteers a￿ derte(J to the management Committee lo￿n￿l of management) al the AGM. None of th8 Trus18es ha$ any ben&fKJ"al interesl in the tsxnpany. AN crf tho Trustees are m8mbers of the company and guarant8È to contn'tyjte £5 in event ola ￿￿ling up. The company is managed by a Management Brkgrd. The TnJst¢e8' ieF¢rt was a roved by Board of Tmstoes. Mr l Ra¢dlhough Dlr•ct 2 May 2025

THE THEATRE ON THE STEPS LIMITED INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE THEATRE ON THE STEPS LIMwfED I roport to tho Tnwta8s ￿ my •xaMina￿￿ of the frnanclal statemeth ofTh• ThBatr• on the Steps Limhed (the ¢Mipany) fc the year ended 31 Augu$l 2024. R••poMlbnttkn and b••l• of r•port AS t1￿ Trustèes ol Ihe company land, whgre relevant. also its ditors for the pu￿￿$¢$ of conwany ltrw) you are rosponsible for the weparalion of Ihe acto￿lS in acaxdanco wfth the roquiremerts (rf the Comp#ni88 Act 2CIX (the 2C(EAdl. Having satiS￿d mysdf that Ihe1Snènwl Statements of Comp￿Y are rewred to be audSièd und•r Part 16 01 the 2006 Act and are 81igible for indeperthnt examinatlon, I report in rs$p8d of my ex8mlnation ol the mpanls ffnandg18tatem¥ni3 carri•d oul undèr secllon 145 of the Chgrities Act 2011 (th• 2011 Act). In rryin9 Qut my éxaminatksn I have fthlcA¥ad al th& applicabl• Direiah)ns gfvon by the Chonty Commisslon und•f sertlm 145(51(bl of th• 2011 Acl. Ind•ppnd•nt •urnln•rf¥ •tat•m &nce th6 company$ gross Incom¢ excèed•d £250,000 your examiner musl ba a member of a body listed In Section 145 01 the 2011 Act. I confirm that l am quaifd to undertak8 lh• examinalth be¢au6é 1 am a mèmber of . whl¢h is one of th¢ listed tx)ds. I havè complel•d my ttxamlng￿￿. I confirm Ihat no matt•rs ha￿ com• to my attonlkm in wnrth wrth th• examination givww m8 Cauw to belkn that kn any materfal respecl.. accounting re￿$ were rw)I kepl kn respect of th8 company as r•qukgd by ￿ 386 of the 2006 Act.. Qte flnan¢l•l stal8m•nts do not 8CCt)rd with th0￿ rec￿￿.. or tho financkl slatemenls do not ￿mpty wrth th8 a￿1n11￿ rewirorrwts ol secllon 396 of the 2C¥lS Act other than any requir•m•nt that the a￿ount8 give a true and fw'r vi•w whth 1$ not a matter con$lJ8red 0$ part of an independent examinalwJn'. or the fin8nri￿ statèments have not been ￿￿Ted In acc4Kd8nco with th? mothod8 and ￿nrapI￿8 of the Statement of Reojmmended Pr8ct6c8 for accounliry and r¢porting by charrtles ap￿le#bre lo ¢hari11o$ eparlng thelr aco)unts in aG(XJrdan￿ ¥Alh I￿ F￿ancIal Rep￿t￿Y4 StaThJard aFVIKab￿ In UK arJ Republfc of Ireland (FRS 1021. I have M con￿MI and ¢¢n• aw88 ￿ other mattern In cont)e(*on wilh Ihg oxamtnaJon lo whlch Ottgnlitsn should be In thi$ feport in order to enabl• o kyoper understanding olth• finanaal $t8tsm•nls to b• reathad. Hglen Tinsloy, FCCA Sl Da￿8 Court Union Stwl verhamplon West Mldlands l￿E Unlted lQngdo Dated". 8 May 2025

THE THEATRE ON THE STEPS LIMITED STATEMENT OF FINANCIAL ACTivrriES INCLUDING INCOME AND EXPENDITURE AccouKr FOR THE YEAR ENDED 31 AUGUST2024 Unr•strlct•d funds 2024 2023 Ineomg Donations 8nd le9xle8 Bar sgles, Youlh Theatre and other mlscelanwJ8 m¢kel $ale• 558 64.251 186,458 625 51,Y)B 153.084 Totsl Incom• 251.285 205,817 Charltabh adtth$ 257.737 223.507 N•t •xp•ndltur• lor th• ywrf N•t mov•m•nt In fund• (6,472) 117,890) Fund balances at I Septthnbef 2023 1￿.238 184,126 Fund balancM at 31 Augu•t 2024 159,764 106,23fj The statem•nl of flnand0l8¢tfvrti￿ Indudes al galns and ￿58•$ r•o>Jnl$ed in th• y•ar. AJI ino)mè arwj èxpandlture dorfve from contrwlrwj acty¥ibM. The $1gtemnt of finan¢ial actibltios compleg with thè rwuir•mwrts on Incorne and ￿PendIture account d8r the Companies Act 20CO.

THE THEATRE ON THE STEPS UMITED BALANCE SHEET ASAT31AUGUST2024 2024 2023 Fixed ass•ts Tangiblo assats 39,883 38.498 Curr•nt a%s•ts StcKks Deblcys Cash at bank and in hand 11 12 1.142 7.152 121.045 1,017 4,941 141,CQ3 Cr•dttor•: amounts f•lllng du• wlthln ono y•ar 129,339 146.961 13 19.4581 119,2231 N61 tsJrr8nl a8sets 119,881 127.738 Total a8Mt8 l•ss curr•nt1SablllU•• 159,764 166,236 Incorno funds Unr8Stricted funds 159,764 166.238 159,764 166.236 The Company Is e￿lled lo the èxemption from ts audrt requirgment C4)ntaIn￿l in 8OCtbn 477 of the Companles Act 2006. for the year end8d 31 August 2024. Tha director aCk￿edge$ hls resPOn￿bIlity for ￿￿￿rir￿j thal the Charity keeps acC￿n10r￿j rec£Jrds which comply th section 386 of the A¢1 and for preparing f￿ar￿￿ stslemenls which give a bue and falr vth ol the stale of affairs of th8 company as al the ènd of the finanoal year and of its incomirg resources and ap￿ie8110n ol resources including its Income Bnd expendftvffj, for tha finaroal year in accordance wilh the requirèments of Bectytsns 394 and 395 and which othe￿1£￿ c(Ynpty vhth the rnouiremonts of th$ C(¥npanios Ad 2c￿6 rel8ting to financial stolements. so far as applicable to the company. The members h8vg not rgquired the company to cthin an audll of its fMan￿al statements fty tha y•ar in question in a￿ordanC8 section 476. These flnancia $18tsments have been preparyl In ac&irdw with the provisKJn$ appfieafAe to ¢orwnies subject lo the small companiès regim•. The finan￿al stst8me. "S Wore aFvov¥d by th¥ Trustaos on 2 May 2025 Mr l Reddihough Trustee Company registratlon number 00801532

THE THEATRE ON THE STEPS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 Accountlng poU¢bes Ch•iity inforn The Th8atr8 on tha Slgps Ltrywted is 8 prtvatè ￿￿panY limited by ￿1￿￿71• Incorporat￿ In England and Wales. The regIsle￿d office 15 ston￿ Steps. Bridgnorth, Shropshire, W16 4BD. United lfjngdom. 1.1 A¢¢t)untlng conv•nllon The at£ounts havg betn prepared In attotdanc¢ wilh the compatys Mermrandum and Art￿8$ of As$¢¢i8tion, the CoMpar￿eS Act 2tYA and "Ac￿n1thg and Rep￿big by CharTtie&.' Stat&monl of Recommended Pr8¢e ap￿4￿ble to clwlues prewrng their g¢¢aunls ￿ accu￿ar￿ wh th• Flnanclal Reporting Standard applrabl• in th& UK and Repubk of Ire￿nd IFRS 1021. (a$ amended for a¢countr¥ perlods commenow trom 1 2016>. The ¢Mipany is a Pubk Benefft Entity as dofined by FRS 102. The rAynpany takon advantage of th• thsions n th• SORP for charlti6$ a[￿￿￿9 FRS 102 Upjate Bulletin 1 not to prepare a Statemwrt of Cash Fluws. The fin4ndd ¥latThnl8 are pryred kn 8terfir4J. whkh 18 tho funthl G￿r91￿ of cofflpony. Montstary •mounl$ in fin•ndal 8tatem•nts We Towth to nearesl £. The I[nancI￿ $latsmonts have been ptyred ￿der the historical (yxl con¥•nkn. Thg ￿n&Pa1 •coJunllng poliaes adcpted are set oui belv. 12 Golnq ¢onc•rn Al th¢ Ilme of apprO￿￿j Ihe tlnandal statwn8nts, the Tw$lees have a r•¥tsonabl¢ gxpodalon Ih•t the Company h¥s adequate r•sources to ¢￿tinUe in opergllon81 6x0sten￿ for the fornseeab￿ thJture. Thus th• TrusteK c¢nlknue to adopt IM golng o)n¢•m b8818 of a¢x)YMt¥￿ in pyeparing th• fi￿nd81$1818rnent8. 1.3 Ch•rltabl• fund¥ Unreslrided ftmd8 •r• walablo at th• d8crthn of ts Truste•8 In fwth•rnc• of thwr charilablg objèctives. e￿ donors $pedfy that Ilonationg and grants arfj for partIc￿lar r•strided P￿￿8, thi8 income 1$ cedilod lo Reslrlcted Fund8. Movem8nt8 on Restricted F￿d$ are shown in th• Statement ol Financ￿1 Aetb•lio8. Endowment fundi are subiecl to spedfic ¢(￿rt￿￿s by donorn that ¢•ltsl mu$l b• rnllntalned by the company. 1A Incomlng v•M¥uvc•• Inc¢Kne ￿ recognlsed when the trjmpany is legaly entiued to it aft•r any p8rfonnarth conditions havè be•n mo( the amounis can ba ￿￿Osure￿ reh"aUy. and It18 probable that b• I￿¢14￿d. Cash donations are recognised on receipt. Othw donakns are rocognised once th& ￿rnPany h88 been no11fi￿ of tho d￿aknn, unb8ss perfOrMar￿ C4)ndths requirn deferral of the amount. Income tax recoverable in r•la1￿ lo donation$ wKep40d under &ft Aid or d09ds of covènant 1$ re¢ognised at lime of the donati￿. Leg8cle8 are recognised on T•c8pt or OtheTh￿Se rf the cilmpany has tttn nollfied of an #Thpending dlslribulion, Ihe am¢)unl is knwi. and re¢ew>l is expgcled. Ifthe amount is not kJw. the legacy 1$ treated i a ¢onth"ngent as5•t. Grant *)¢ome 18 induded In in(￿[rIng r?￿rets the thanty is I¥￿lY entrfl8d lo the income and, In 4CcOrd8n￿ wrfh Spr￿•Cable ac(¥)￿ti￿ stsrthrds. in the perbd in it is recehpd.

THE THEATRE ON THE STEPS UMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2024 AcGounfjng polkl Iconllnuedl 1.0 Re8ouY¢M •xp•nd•d Expenditur¢ is r•cognbed oncg the￿ 15 a ¥ c constN(Ilve obtigalKJn to transfer economic benefrt to a third p8ty. it is probANe that a ol eo)nomic benofits will te requ¥ed in sotyement, and the amunl of tho oblr941ion can be mèasuT8d Expenthture 1$ classffied by a¢It￿ty. Th• rnt5 of oath a(l￿ty are madg up of the total of direct costs and shared costs, induding $upport costs involved in urdertaking eath actmty. Direct cosls athiblrtable lo a single act1￿ are allvcaled dw•dly to that a¢vty. Sharod cosls whkh contriPArte to morn than xtiwty and support costs which are not attributable to a 8iNJ• 8CtMty ar• ¥pWiongd betreon thosè activrtie¥J on a basis ¢onslstent with Iho us of resources. Cerrtr81 staff costs are alloeal•d on th• basi5 of tlmo sponl. and dwerialw eharges We alk￿ted on the p￿On of the assor8 u￿. Expenditur• is recognl8•d on an •cc¥tsg1s baw a8 a MaL h Inpmd il da8sffled by Jdvlty. Cost¥ of g•Mrnling fu￿$ cC¥npri￿ publw costs. CharIts￿o èxpendllure tsjrnpriws IIKw c¢sl8 i￿u￿•d In tho d￿Very of advitth. rt I1￿1￿ both that Cgn be •ttributgd dlf•¢ty lo and th08• c)8t of ￿ nd¥•ct nattn n•¢essary lo Support I￿rn. Managernenl and admiThstration D)sts genernl ¢Mrh8od expens9$ aThl fA)Bts aModat•d with megtlng th ¢onstslullonAI •rbd siatulory r•quw¢monts ol tho compqny. 1.6 Tanglbl• fix•d •M•ts rang￿le fixed assat$ am Inluaty m•••md 81 CO8t subgewertty mèagwed •1 ¢OBI or valuth'on. n&1 of depre¢latkn and any Impaimwntlosses. Land and bulUngs Land and buikllng8- Irrt¢W￿ fèatures Plonl and mathln•ry Comput•rs No depraLiat 10 years 8lrakJM 3 to 5 6traffjht Ilm 3 yews $trat9ht ￿nI The gain or 10s6 arislng on Ihe digposat of an assot Is deternm￿j 8$ the diffeience be￿08￿ Ihe ulg pro¢•eds and the carryr¥ vakn oflhe asset. and is rwnwd kn the s1¥tw￿ offMwrKi 8(kn"ls. 1.7 Imp•lrnnt ol fix•d a••t• At each reporting end date, th• coffyny th• amounts ol Its lang￿& 088ets Its determlne wheth•r there Is any indic8tknn that tIKJse assets have suffered an ¥npalrnenl 103s. If any such iThaication xisl$, thè reCo￿rabl0 am04Mrt of Ihg asset ests"maknJ in to detsmiine th& ext￿ of the Impormenl I￿9161 •nyl. lj Stock• Stoths are sl•led al the knvef of o)sl and eslImat￿ s•ffing 18ss costs to complete and sell. Cost comprises direct materi and. thefe applkaN&, Igbour costs and those overheads th•1 have b8&n Incurred In bringing the stocks to thelr pfesenl kral￿n and condifion. Ilems h81d for distribution ￿ no or Nel realisable Val￿ is the esllmated sellng rrfke less •ll estimat￿ costs of Wnplet￿Jn and costs lo be incurr¢d In marketW, 8eifing w)d di¥lribuUon.

THE THEATRE ON THE STEPS LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Accounllng pollcl4• (Gonlinu•dl 1.9 Ca8h and equIva￿nI Cash and ca$h equNal8nts iicknle cash fin hand. d9po8tt9 he•J at ¢•1 wlth banks. other short.18rm liquid investmgnts with original matur￿eS of three months or les5. and ovor(trafts. B￿k OVèTdraft$ grp shown TArythin b￿ingS in current l￿billieS. 1.10 Flnan¢ll InstnKn•n¢• The company has ele&ed to appty the pYoNi8kJns of Seclion 11 'BaS￿ Fina￿la1 Irthnionts. and sec11c￿ 12 '¢)th•r Financial In$lrumants Issugs. ol FRS I￿ lo all ol fts financwl instrumen1$. Flnandal instrument8 8r8 racww.sed In Ihe C￿npan￿8 balwKe sheet 7ts1 tho ts)ryiany b6￿M98 Pgrty to the ojntractyal PmMBions of the thslrLxn•nL Financio10$8ets liatslits"e• ar• off8¢t. wilh nel am0￿￿8 pruented in the fin•rthl $talem•nt8, wh8n ther$ 58 a leg81ty enfOr￿tI& iitht to set off Ihe recognised amounts thwg kntent￿n to g•ttla on • net bails or to T8alise tho as80t and s•tUe the ￿Abilty 8lmthn8ousty. 8•sk ffn•ftcl•l us•ts Ba$lc financ481 assets. indude dobtm 4r#J cash bank balanc•8. are hwlkqly mea8ured •1 tran$8¢tion prr¢fj IndLhYing Iransaclknn costs 8nd arè Bubsequeth carrfod al amorttse¢J cost using tr effecllvo Inl&resl method unless th• arrangeTh￿l ￿nSIllUleS a finandng transOLon. where the transadion 1$ m&asured at the prèsent value of luture re¢eyts ¢th5count•d •t • mwkel fate of internsl. FInan￿al assets das5ified a8 r•ewat4e wrthin one year arg not an￿)rtIsed. B4slc trYn•n¢ll Il•blllll•s BasK finanaal li9￿14￿0$. 1ndL￿[n9 ¢redltors bank ar• Inib41ty recowlwd 4t trarw¢llon prfee unle88 the affangemenl ¢onslituteS o finanang transadlon, where the debt tnstrumtnl 18 rnea$ured 81 the presènt valuè of thg fvture pa￿onI$ dis¢wnted al a market ralo ol tsknesi Finawal Ibabitib8$ cla$$thad as p8yatrAe within one ￿er ar• not nortAed. Debt instrum•r)ts aro subsequofffly wl•d at ￿51, uBww the •ffethè ￿￿erS1 rat• mètw. Trada cr•ditors OTS obllgalKffi8 to p8y for gorth or S￿￿e# that be¢n aD]ulr8d n the ordlnary course of op•rgtion$ from suppliers. Afflounts payabl& arg classifd as ojrrenl llatx1￿eS rf ppymenl is du¢ wilhin on• year or less. If not, they are pr•snted as norrturrenl liabilltb'&S. Trnde croditOTS are recogni$ed InKialty at transadion prkg ¥rt18ubseq• me88ured al amoNsed cost usryi the effecti￿ intere51 m8ihod. Finan¢lal liats1￿8$ are dere(>)gni8od when th8 r￿Mpa￿S cthclual ob￿gati￿S 8xptm or ar• dlscharoèd or canedled.

THE THEATRE ON THE STEPS LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Domtlom and l•gacl• UTrrwtrl¢l•d Unrtstrfctsd fund• 2023 Donat*)ns 556 825

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THE THEATRE ON THE STEPS LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Support G￿ts Support Go 2023 Dowecialion 4.810 4.810 Indep•ndanl Examinars fa8s 2.759 2.598 2,598 2.759 8.807 4.810 2,598 AndyMd betsveen Charita￿¢ a¢Ybkns 2.759 8,807 4.810 2.598 7,408 Non8 of the Trust8e8 {or any per￿n$ C￿nected with thèm) r￿￿￿ed any rwnurnration (k￿n9 the yg•r, bul $orM ol Ihom roc•iwd exp•nse r￿MbUr1￿￿ts. Employm• Th•r• w•re no ompbyÈ•s the yew. Employm•nt Colts 2024 2023 Slafflng ¢osts 63,441 42,705 T*￿tIOn The tharity Is exempt from tax on In￿￿K9 and gains f8llhN Mthin Se¢t￿ 505 of th8 Taxos Act 1986 or secoon 252 of the TaxatKJnof Chargèabk Gains Act 1932 to th• txtent th91 these are applied lo its chai110b￿ ot4ects. 12_

THE THEATRE ON THE STEPS LIMITED NOTES TO THE FINANCIAL STATEMENTS (coMfiNUED) FOR THE YEAR ENDED 31 AUGUST 2024 T•nglbl• ilx•d u•ets Toial Co•t Al 1 Septtrnber 2023 Addrfion8 193.353 46,215 510 240,078 7,433 At 31 August 2024 193,353 510 247.511 D•pr•clallon and Inwlrn)•nt Al 1 S8pt¥mber 2023 Deproaation ¢h4rggd in Ihe year 157,188 4.271 44,010 1,649 382 128 201,580 At 31 Augu&t 2024 161.459 45.659 510 207,828 C•rrylng amount Al 31 August 2024 31.894 7,989 39,883 Al 31 Auwst 2023 36,185 2.205 128 38,498 10 Flnlnchl In•lyun 2024 2023 Canylng amount of fln•n¢l•l M•ts Dobl Instruments mwwed 81 anKrtl8•d c¥8t 122,236 141,639 •nylng amount olflnan¢ll hblllll•• M•a$ured at afflorttsed 19,223 Flnanclal asgets mea8ur•d at 8Th￿￿11d ￿51 consth of ca8h al bank and oth•r debtorn. Flnancid lab11￿ m•gsured at amortlsed C(￿ cAyMts oftradg tredit￿. acauals arKI dèfèrred inc)m•. 11 Sto¢k8 2024 2023 Finlshed gt&s and wods for re501• 1.142 1,017 13-

THE THEATRE ON THE STEPS LIMITED NOTES TO THE FINANCIAL STATEMEKfs (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 12 Deb 2024 Anmwnts 14lllng du• wllhln oh• y•ar. 2023 Olher debtors Prepayments arKI acc1￿1 i￿oM8 1.191 5,961 636 4.305 7,152 4.941 13 Cr•dltorn: amounts falNn9 dts• *llhln ¢)nD y•ar 2024 2023 Tr8d• Cr￿[t￿5 Olher creditors AeMIth and defeThgd irKome 1,864 3,334 1,746 14.504 2,973 19,223 14-

THE THEATRE ON THE STEPS LIMITED NOTES TO THE FINANCIAL STATEMENTS (coKfiNUED) FOR THE YEAR ENDED 31 AUGUST 2024 14 Op•raVng l•a8• ¢onwnftm•nts Al the rgporting en¢J date the c¢￿Y had wtslandlng fcy fvlure minxnum lea8• payments th)der noTrcanc•lknble oper4twig lease& fall due as folky￿.. 2024 2023 thin ontr year 88lween two and fl¥e yews 627 134 426 252 781 678 1S R•l•t•d party tr•nMctloM There wère no dwknabl• re10d p•ty tr8rthns I￿ yw12023. nong). 15-