REGISTERED COMPANY NUMBER.. 01305975 IEn8land and Wales) REGISTERED CHARITY NUMBER= 273859 STAMFORD SHAKESPEARE COMPANY REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
STAMFORD SHAKESPEARE COMPANY CONTENTS OF THE FINANCIAL STATEMEKrs FOR THE YEAR ENDED 31 AUGUST 2024 Pa8e Report of the Trustees I to 3 Independent Examiner's Report Statement ol Finanoal Aciivltles Statement of Pinanfial Positlon 5t*ement of Cash FI5 Notes tothe Statement of Cash Flows Notes tothe Flnanual Statements 9 to 16
STAMFORD SHAKESPEARE COMPANY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2024 The trustees WVK) are èlso directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the yeai ended 31 August 2024. The trustees have 8dopted the provision5 of Accountine and Reporting by Charities. Statement of Recommended Practice 3pplic3ble to charities preparing iheir accounts Inaccordance with the Financial Reportin8 Standard applicable in the UK and Republic of Ireland IFRS 1021 leffectivt l Jènuary 20191. OBJECTIVES AND AcfivimES Objectives and aims The principal activity and objects for which the company was estèblished continue to be to prornote, m3intain, improve and advance public education. particularly by the production of educational plays and the encouragement of the arts. primarily through performinethe works of William Shakespeare to the public during the summer months. The cornpany airns to achieve this objective rhrough the continuing refurbishment of Tolethorpe Hall and the programme of theatre activities. It is considered that the market value Of the property doe5 not differ materially from its carrying valve in the financial Statements and the trustees are reluttant to involve the company in the expense of an open-market valuation Trustees Use two criteria to assess the charity's sucteS5 in tTTreetin8 it5 3im5'. annual attendance figures and audience feedback Public benefit The compaffly has given due regard to the guidance published by the Charity Comtnission OD puNic benefit and considers that rhese requireTnents are adequately rnet by its principal and subsidièry activitie5. ACHIEVEMENT AND PERFORMANCE CharStable artivities We want to start by expressing our deep appreciation for the extraordinary people we have at Tolethorpe. The hard work, and commitment of our dedicated inhouse tedm and passionate volunteers enabled us to producp four remarkable productions In 2024. A Monster Calls, Sense and 5engibility. The Recruiting Office and A Midsummer NiÉht's Dream dernon5trated the talent within our a¢tin8 companie5, and we want to extend our heartfelt congratulations to everyone involved. Yr efforts have cre8ted memorable èxperiefiie5 for our audience5 ro enj. However. amidst these successès, we must also confront a critical reality. Our recent box offlce and fiscal results indicate 3 need to adapt to the emergin8 realities of a chèn8lD8 theatrical landscape In a post-covid world. While our productions have been artistically stron8, we have not seen the audience enga8emenr or financial outcomes lor which we had hoped. This Is a concer that we cannor overlook. It is e55ential for us ro refleci on Dur strategie5 and con51der how we can attiart a widÈr audience, as well as a deeper pool of actors and wider team of dlrectors. To this end, we urge all of us to embrace a spirit of opennes5 and innovation as we navi88te these challenges. Evolution is necessary for growth, and so is coura8e,' while not èlways a comfonable experience. change 15 crucial as we adapt to meet the evolvin8 needs of our audience, and also the realities of hl8h-ouality the8tre production In the sÈcond quarter c>1 the 21st Century. Let U5 build on the successes of our recent productions while also being proactive in addre55in8 the challenges ahead. We are confident th3t. wth our tollective passion and commitment, we can steèr Tolethorpe toward a briÈhter and more prosperous future. Thank you once aEain for your hard work and dedication. Let us continue to support one another as we embrèce transformation. Tolethorpe h3s a bright future - one th&t celebrates our history as well a5 le&ding the way With innovation and vision in outdcjor theatre, just as lean Harley did. FINANCIAL REVIEW The charity recorded a net deficit on unrestricted funds for the year of £7.886 In comparison to a net svrplvs of £27,385 in 2023. Total exppnditure increased by £97,901 from £606,149 to £704,049. Net current asgets werp £75.114 12023 2023. nèt turrent assets £l(M).7731 at the balancÈ sheet date. • dqcrease of £2S.649 PaÈe I
STAMFORD SHAKESPEARE COMPANY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST2024 FINANCIAL REVIEW Reserves poliry The reserve5 are controlled in suth a way that there are sufficient funds to meet ongoing expenditLJre, especially over the winter period when no product05 are tsking place. The current level of reserve5 15 considered sufficient to meet all liabilities in full as they fall due and the trustees believe thatthis target will continue to be met. The trustees 3re aware of the rnajor risks to which the charity IS ÈXP05ed and have put In place systems to mitl8ate those risks. The trustees consider the biggest risk to be the cancellaiion of performances due to extreme we31her conditions. AlthouEh this is a rare ot¢urrence, a period of inclement weather forcing cancellation of several pefformances would affect the company's incorne. STRucfuRE. GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its govèrning document. è deÈd of trust. and constitutes a limited cornpany, limited by guarantee. as defined by the Companie5 Act 26. The company's objectDlÈS and powers and otr constitutional matters are Set out in it5 Memorèndum and Articles of Association. Recruitment and appointment of new trustees The trustees are appointed by the rnembers ai the Annual General Meeting and serve for a period of three years after which time, by rotation, they put themselve5 forward for re-election. The existing trustees also have the power to co-opt other members on to the board, such appointments to be approved by the members ai the next Annv81 General Meeting. New trustÈes are members of the comp8ny and 8Ctively involved for at least two year5. Usually they have been members for much longer and are well acquainted with the theatre aciivitles. They ère made aware of their responsibilities as trustees ol a charity and are encouraÈed to be involved in the variou5 sub-cornmittees. Org8ni5ational 5trvcture The board of trustees meets at regular intervals. There is no designated Chief Execurive Officer. Day to day administration 15 dele8ated to the company administrètor. Financial management is outsourced ro a local firm of accountants. Detision making The trustees rnake all the key deiisions and dele8ate to the administ>ator. who report5 back. The trustee5 are actively involved in charity end the chair 5pend5 3 lot of time on cornparTry marrers at Tolethorpe Hall. The administrator 15 V151ted by trustees on a re8ular basis and keeps everyone Informed of ongoing rn3tters. Key management remuneratioTr ThE trustees receive no remuneration from the company. other than the reimbvrsement of necessary expènses. The pay structure of key personnel is Set by the trustees. It 15 based on the respon5ibilily 3nd expertise of each employee In their respective duties and agreed by the trustees In the Annua Budget. It is company polity that persons apoointed to the bt>ard have had at least two years. experlence withifj the company and have been members for two years. The board encoufaies transparency In the running of the company and therefore fflembers will have been involved in the variou5 aspects of the runnin8 of the theatre. fforn directing and acring to the technical 51de and front-of-hou5e duties. Newly appointed trustees are acquainted with thE managetnent of the charity and are appointed to tF various 5ub<ommittees where their talents will be put to the best use. Attendance at the reEJlar board meetings ensures that the trustees are involved in decision making. REFERENCE AND ADMINISTRATIVE DETAILS Rew5tered Company number 0130S975 IEnglaDd and Wales) ReElStered Charity number 273859 Registered offlce Tolethorpe Hall Little Casterton Stamlord PE9 48H Page 2
STAMFORD SHAKESPEARE COMPANY REPORT OFTHE TRUSTEES FOR THE YEAR ENOED 31 AUGusf 2024 Trustees MrsN LMJAndrew Miss H S Beasley R Byron White (resigned 27.8.241 T D John50n Mrs S G Parsons Mr5 C l Rayner Mrs C L Stephenson Miss L C Thornton-Reid P J Turnham Comp?ny Secretary Mr5 5 G Par50n$ Independent Exarniner Alistair Main FCA Ouncan & Toplis Lifnited S Re501ution C105e Endeavour Park 8oston PE21 7TF Thls rèptsrt has been prepared in accordan¢È with the Special provisions of Part 15 of the Companies Act 2Q06 relating to srnall compènie5. Approved byorder of the board of trustees on........................... nd Signed on its behèlf bv.. G Parson5- Trustee Pbge 3
INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEE5 OF STAMFORD SHAKESPEARt COMPANY (REGISTERED NUMBER.. 013059751 Independeni emaminer's report ro ihe trustees of Stamlord Shale5peare Company I'the Companv'l I report to the charity trustees on my examination of the accourtis of the Company for the year ended 31 August 2024. Responsibilitie5 and basis of reyt As the charity's trustee5 of the Companv land also it5 directors lor the purposes ol company lawl you are responsible for the preparation of the accounts in accordance with the requirement5 01 the Companies Act 261'Ihe 26 Act'l. Having sat15fied rny5elf that the accounts of the Cotnpany are not required ro be auditèd under Pèrt 16 of the 2006 Act and are eligible for indÉperFdent examination, I report In res(1 of my examination ol your chJriiy s èccount5 as carried out under Section 145 of the Charities Act 20111'the 2011 Act'l. In carrying out my examinarion I have followed the Directions given by the Charity Comtnission under Section 145151 Ibl of the 2011 Act. IndepÈndent examiner's statement Since your charity's gr055 income exteeded £250,LNJO your examiner must be a member of a listed body. I can confirm that l am qualitied to undertake Ihe examination because l am a member of the Institute of Chartered Accountant5 in England and Wales, which Is one of the listed bodies. I have completed my examination. I confimi that no matter5 have come to my attention In connection wlth the examination @Ing Me cause to believe. aicounting records were Dot kept In rèspect of the Company as re•uired by Section 386 of the 21NJ6 Act. or the account5 do not accord with those recDrds-. or the accounts (SO not cornply with the accounting requiremenis of Section 396 of the 2006 other than any rèquirement that the accounts give a true and f3ir view which Is not a mbtter considered as part of an Independent eyamination. or the accounts have not beEn prepared In accordance with the methods and prin¢iple5 of the Statement of Recommended PraciKe for accounting and reportin8 by tharities (applicable to charities preparing iheir accounts in accordance With the Fin8ncial Reportin8 Standard applicable In the and Republit of Ireland IFRS 10211 I h3ve no concerns and have come across no other matters In tonnection with rhe examination to which attention should be drawn in this retK>rt in order to enable a proper understandinÉ ol the accounts to be reached Alistair Maln FCA Dlincèn & Toplis Lirnited 5 Resolution Close Endeavour Park B05ton PE217 Oate.. 2sryttskn Pè8e 4
srAMFORD SHAKESPEARE COMPANY STATEMENT OF FINANCIAL AcfiviTIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNTI FOR THE YEAR ENDED 31 AUGUST 2024 2024 Unrestricted fund5 2023 Total funds Notes INCOME AND ENDOWMENTS FROM Donation5 and legacies 12,343 10,520 Cha¥itable actlvities Incorning resources from charitsble activities 598.176 515,582 Attivities for generating funds Investment and other income 79,568 6,076 82,185 5,247 Total 696,163 613,534 EXPENDITURE ON Cost of generating funds 93.225 70.320 Charitable anivltles Cost5 of charitable actlvities 519,921 270,240 Other 90.903 265,589 Total 704.049 606,149 NET INCOMEIIEXPENDITUREI 17.8861 7,385 RECONCILIATION OF FUNDS Total funds brought forward 1.681.443 1,674.058 TOTAL FUNDS CARRIED FORWARD 1,673,557 1,681,443 The notes form part of these fiDancial statements Page 5
STAMFORD SHAKESPEARE COMPANY IREGISTERED NUMBER.. 013059751 STATEMENT OF FINANCIAL POSITION 31 ALIGUST 2024 2024 Unrestricted funds 2023 Fotal funds Notes FIXED ASSETS Tangible asset5 Heritage assets 13 14 192,874 1.548,933 204,391 1.548,933 1,741,807 1,753,324 CURRENT ASSETS Stocks Debtors Cash at bank and in hand Is 16 1.810 35.521 134.M5 1.837 56,881 118,145 171,776 176.863 CREDITORS Afnounis falling due within one year 17 196.6621 176.0901 NET CURRENf ASSErs 75.114 100,773 TOTAL ASSETS LÉSS CURRENT LIA&ILtfiES 1,816.921 1.854.097 CREDITORS Amounts falling due after more thon one vear 18 1143.3641 1172.6541 NET ASSETS 1.673.557 1.681,443 FUNDS Unrestritted funds 21 1,673,557 1,681,443 TOTAL FLINDS 1.673.557 1.681.443 The charitable company 15 entitled to exemption from audit Under Section 477 of the Companies Act 2006 for the year ende(I 31 Au8Jsr 2024. The member5 have not required the company to obtain an audit of Its finarKial statements for the year ended 31 August 2024 in èccordance with Section 476 of the Compènies Act 2W6. The trustees ackrMMledge their responsibilities for ensuring that the charitaNe company keeps accounting record5 that comply with Settions 386 and 387 of the Companies Act 2006 and prepèring Iinancial statements which give a true and lair VIÈW of the state of affai<S ol the charitable cornpany as at the erTrd of each finanti31 year and of Its surplus or deficir for each financial year In accordance with the requirements of Sections 394 and 395 and whCh otherwise comply with the requiremÈnts ol the Companies Act 2(Q6 relating to financial Statements, so far as applic3ble to the chèritable tompany These financial statements have been prepared in accordance with the provisions applicable to charitèblè companies wbject to the small coTnpanie5 regime The financial statement5 were approved by the Boord ol Trustees and authori5ed for issue on signed on its behalf by.. and were N L M l Andrew- Trustee The note5 form part of thÈgÈ financial gtatemenis Page 6
STAMFORD SHAKESPEARE COMPANY STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 AVGUST2024 2024 2023 Notes Cash flows from operating Jrtivities Cash generated from operations Interest paid 76.148 115,3301 31,272 114.4541 Net cash provided by operating activities 60,818 16,818 Cash flows from InvestlrtB artivitles Puichase of tangible fixed assets Interest received 116.5041 1,276 134,0851 447 115.2281 133.6381 Cash flows from financing attivlties Loan repayment5 in yea¥ 129.2901 129,2901 Net cash used In financing actwities I29.2> 29,2> Change ITh cash and cash equivalents It) the reporting period Cash and cash equivalents at the beginnine ol the reportin8 period 16,3to 146,1101 118.145 164,255 Cash and cash eguivalents at the end of the reporting period 134.445 118.145 The notes form part of these financial statement5 Page 7
STAMFORD SHAKESPEARE COMPANY NOTES TOTHE STATEMENT OF CASH FLOWS FOR THE YEAR ENDEO 31 AUGUST 2024 RECONCILIATION OF NET IEXPENDITUREIIINCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 2024 2023 Net lexpenditurellincomelor the remin8 period las per the Statement of 17,8861 Adju5tmentsfor.' Depreciation charges L055 on disposal of fixe(J assets Interest received Interest paid Decrease in St(kS Decrease in dpbtors Increaselldecreasel in creditors 7,385 24.766 3,255 11.2761 15.330 27 21,360 20,572 23.872 14471 14,454 508 2,153 116.6531 Nel cash provFded by operatSons 76.148 31,272 ANALYSIS OF CHANGES IN NET DEBT At 1.9.23 Cash flow At 31.8.24 Net C85h Cash at b8nk and in hand 118.145 16,300 134,445 118.145 16,300 134,445 Debt Debts fallin8 due within l year Debts fallinÈ due after l year 129.2901 1172.6541 129.2901 1143,3641 29,290 1201,9441 29,290 1172.G541 Total 183,7991 45.590 138.2091 The notes form part of these financial statements Page 8
STAMFORD SHAKESPEARE COMPANY NOTESTO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 ACCOUNfiNG POIICIE5 Basis of preparing the finantial statement5 The financi81 statements of the charitable cornpany. which is a public benefit entity under FRS 102. have been prepared in accordance with the Charitie5 SORP IFRS 1021 'Accounting and Reportin8 by Charitie5.' Statement of Retotnmended Prattite applicable to charities preparing their account5 in accordance with the Financial RÈporting Standar(l applicable In the UK an(1 Republic of Irelènd IFRS 1021 leflective I January 20191,. Financial Reporting Standard 102 'The Financial Reporting Stèndard applicable in the UK and Republlc of Ireland, and the Companies Act 2006. The fina181 statements have been prepared under the hisiorical cost convention. Income All income 15 reco8nised in the Starement of FinarKial Artivities once the charity ha5 entitlement to the funds, it is probable that the income will be received ènd the amount cèn be measured reliabty. Experbditure Liabilities are reco8nisèd a5 expenditure as soon as there is 8 le8al or constructive obligation committing the charity to that expenditure. it 15 probable that a transfer of economic benefit5 will be required in settlement and the amount of the obligation can be measured reliably. Expendirure Is accounted lot on an accruals basis and ha5 been classified under headings that a88re¥ète all cost related ro the category. Where c05t5 Cannot be directly attributed to particular headin85 they have been allocaied ro activities on a basis consistent with the use of resource5. Tangible flxed assets Depreciation is provided at the following annual rate5 in order to write off each asset over its e5tirnated useful Ilfe. Plant and flxtures 20% on cost and at variable rates on redvclng balance Tangible fixed a55ets are measured èt tost le55 accuMure(l depreciation and any accumulèted impairrnent losses. Heritsge a55ets The freehold property, ToletFKirpe Hall, Is a Grade Two* listed buildinE. ori8inally dating frorn 1088 and ès such it ha5 immense historical significance, both in its own right and as è repository of ancient artefacts. It is also maintained and insured to a very high 514ndard. with an annual Insurance value many time5 higher than the original cost and the professional valuation in 1990. In this context the property is considered ¢0 be a heritage and appreciatin8 asset and therefore no depreciatlon is char8ed. Stock5 Stocks are valued at the lower of c05t and estimated sellin8 price le55 C05t5 to Sell and after making due allowance for any obsolete and slow tnoving item5. Taxation The charlty is exempt from corporation ta¥ on Its charltabl& attivities. Fund accounting UnrE5tricted fund5 can be used In accordance with the charitable obiectiwes at the discretlon of the trustees. Restricted funds can only be used for particular restritted purposes wthiri the obierts of the charity. Restriction5 arise when specified by the donor or when funds ère raised for particular restricted purposes. Further explanation of the nature and purpose of each fun(S Is included In the notes to the flnancial statements. Pension cost5 and other posi-retlrement benelits The charitable company operates è defined iontribution pension scheme. Contributions payable to the charitable omp3ny's pension scheme are charged to the Sratemeni of Financial Activities in the period to which they relate. Pa8e g continued...
STAMFORD SHAKESPEARE COMPANY NOTESTO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 AUGUST 2024 DONATIONSAND LEGACIES 2024 2023 Miscellaneous donations Membership subscriptiorTrs 9,188 3.ISS 7.820 2,700 12,343 10,520 ACTIVITIES FOR GENERATING FUNDS 2024 2023 Drama school Hire of equipment, costumes and Sundry ncome 72.614 6.954 78,613 3,572 79.568 82,185 INVESTMENT AND OTHER INCOME 2024 2023 Rents received Deposit account Interest 4,8 1,276 4,800 447 6.076 5.247 INCOME FROM CHARITABLE AcnviTIES 2024 2023 Ticket sales Programme sales Tuck shop Incomin8 resixJrtÈ5 from charitable activlties Incomin8 resource5 from charitable aciiviries Incoming resources Irom tharitable Bctivitie5 Incomin8 re50urces from charitable 3Ctivitie5 Inctrming re50urce5 from charitable aciivlties Incomin8 resovrtes from charitable activitie5 538.981 15,808 15.968 333 7.086 20.000 464.691 14.252 10,404 370 5,765 20,100 Progratnme 5ponsorshlp 598,176 SIS,582 COSTOF GENERATING FUNDS Raising donattons 8nd legatles 2024 2023 Drarna school expense5 (includes securitywage costsl 73,733 1,067 69,336 984 74,800 70,320 Pa8e 10 continued...
STAMFORD SHAKESPEARE COMPANY NOTESTO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED al AUGUST 2024 C05T OF GENERATING FUNDS- Cthltinued Other trading activities 2024 2023 Bad debts 18.425 Ag8re8ate amounts 93,225 70.320 CHARITABLE ACTIVITIES COSTS Support C05t5 (see note 81 Dlrect Costs Tota15 Costs of charitable activities 288,594 231.327 519,921 SUPPORT COSTS Governance C05t5 Other Totals Other resource5 expended Costs of charitable activitie5 90.903 207,307 90.903 231,327 24.020 298.210 24,020 322,230 NET INCOMEIIEXPENDITUREI Net incomellexpenditurel is ststed after charginvJlcreditinEI-. 2024 2023 Depreciation- owned assets Defi£it on disposal of fixed a$5ets 24.766 3.255 23.872 io. TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefit5 for the year ended 31 August 2024 nor for the year ended 31 August 2023. Trustees, expen5e5 There were no trustees. expenses paid for the year ended 31 Au8USt 2024 nor for the year ended 31 August 2023. ii.
rAFF C05TS 2D24 2D23 Wages and Salaries Social security c05t5 Other pension cost5 153.811 5.102 2,455 134.383 3.254 2.291 161,368 139,928 The average monthly nurnber of employees during the year was as follows.. 2024 io 2023 Support staff Pè8e 11 continued...
STAMFORD SHAKESPEARE COMPANY NOTESTO THE FINANCIAL STATEMENTS- contlt)ued FOR THE YEAR ENDED 31 AUGUST 2024 ii. STAFF COSTS- continued No employees reived ernolument5 in excess of £60.0(. 12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL AcfiviTIES Unrestricted fund5 INCOME AND ENDOWMENTS FROM Donations ènd legacies 10,520 Charitable artlvhles Incomin8 resources from charitable actlvitles 515.582 Activities for generatinÈ fund5 Inve5tmenr and other income 82,185 5.247 Total 613,534 EXPENDITURE ON Cost of generating funds 70,320 Charlt8ble èrtivitie5 270.240 Other 265.589 Total 606.149 NET INCOME 7.385 RECONOLIATION OF FUNDS Total funds brou8ht forward 1.674.058 TOTAL FUNDS CARRIED FORWARD 1.681.443 13. TANGIBLE FIXED ASSETS Plant and fixtures COST At I Septetnber 2023 Additions 808.292 16,504 5,3001 At 31 August 2024 8L9,496 DEPflECIATION At I September 2023 Charge for year Eliminated on disposal 603.901 24.766 12,0451 At 31 Au8USt 2024 626,622 NET BOOK VALUE At 31 August 2024 192.874 At 31 Au8USt 2023 204.391 PaEe 12 continued...
STAMFORD SHAKESPEARE COMPANY NOTES TO THE FINANCIAL STATEMENTS- tontinued FOR TF+E YEAR ENDED 31 AUGUST 2024 13. TANGIBLE FIXED ASSETS- cMtinued All the fixed assets are held for charitable purpose5. Additions during the year were financed by the cornpany's own accumulated iesources and by bank fundin8. 14. HERITAGE ASSETS Total DEEMED C05T At I September 2023 and 31 Au8USt 2024 1,548,933 NET BOOK VALUE At 31 August 2024 1,548,933 At 31 August 2023 1,548.933 The freehDld property. Tolethorpe Hall, was valued by the director5 at open rnarket value on 31 August 1990 at £247,859. The historic31 cost of the property, including additiDns since the revalu&tion. 15 £1,548.933 ènd the valve of the land was estimated as the date of ¥èlu3ti¢n to be £30.000. A policy of revoluation ha5 not been adopted and rhe carrying amount of freehold land and buildings refletts previou5 valuations retained. As stated above, no depreciation Is charged on the freehold property as it is reÈèrded as a Herita8e Asset. In the opinion of the directors, if the property were to be sold at its valuation, no liability to taxation on the surplus would arise due to the company's charitable status. 15. STOCK5 2024 2023 Stocks 1.810 1,837 16. DEBTORS: AMOUNT5 FALLING DUE WITHIN ONE YEAFt 2024 2023 Trade debtor5 Other debtors Prepayrnenis and accrued Income 3,290 13.032 19.199 2.443 36.086 18.352 35.521 56,881 17. CREDITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Bank loan5 and over(Jrafts lsee note 191 Other loans (see note 191 Trade creditors Social security and other taxes VAT Other creditors Actruals and deferred income 19,290 io.(N)o 24,735 2,265 4.818 25,847 9,707 19,290 iO.(N)O 17,697 1,943 3,376 9,418 14,366 96.662 76,090 Page 13 continued.-
STAMFORD SHAKESPEARE COMPANY NOTES TO THE FINANCIAL STATEMENTS- tontinued FOR THE YEAR ENDED 31 AUGUST 2024 18. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 2024 2023 Bank loan515ee note 191 Other loans (SÈÈ note 191 135,030 8,334 154,320 18.334 143.364 172.654 19. LOANS An 6nalysi5 of the mèturity of loans 15 Eiven below.. 2024 2023 Amount$ 18llinE due within one year on demand.. Bank loans Other loan5 19.290 lo.(0 19,290 io.(oo 29,290 29.290 Amounts falllng between one and two years.. 8ank loans Other loans 19.290 8,334 19.290 18.334 27.624 37,624 Amounts fallinE due betweèn bNo and five years". Bank loans 57.870 57,870 Amounts falling due in more than five years.. Repayable by InStalmt5.. Bank loans 57,870 77.160 The other loan is a'bounce back loan, and this is repayable in equal instalrnÈnt5 01 £833 per month and Interest is char8ed at 2.5%. 20. SECURED OEBTS The followin8seturÈd debt5 are included Wbthin creditors.. 2024 2023 Bank loans 154,320 173,610 The bank loans and any overdrafts are secured by 8 fixed charge on the freehold property at Tolethorpe Hall. The bank loan is repayable in equal in5talments (five per year for rhe remaining elEht years) of £3,858 and interest is charged at base rate plu5 3.5%. Page 14 ontinued...
STAMFORD SHAKESPEARE COMPANY NOTES TO THE FINANCIAL STATEMENTS. continued FOR THE YEAR ENDED 31 AUGUST 2024 21. MOVEMENT IN FUNDS Net movement in funds At 31.8.24 Ar 1.9.23 Unrestritted funds General fund 1.681.443 17,8861 1,673.557 TOTAL FUNDS 1,681,443 17.8861 1,673.557 Net rnovement in funds. included in the above are as follow5.. Incoming resources Resources expended Movement Unrestrirted fvjnds General fund 696,163 1704.0491 17,8861 TOTAL FUNDS 696,163 1704.0491 17.8861 Comparatives for rnovernent in funds Net movement in funds At 31.8.23 At 1.9.22 UThrestrlcted funds General fund 1,674,058 7.385 1.681.443 TOTAL FUND5 1,674,058 7,385 1.681.443 Comparative net movement In funds, included in the above are as follow5.. Incoming resources Resources expended Movement in funds Unrestricted furtds General fund 613.534 16C6,1491 7,385 TOTAL FUNDS 613,534 16C6,1491 7,385 A current year L2 months and prior year 12 rnonth5 combined p051tion is as follow5.' Net rnovement in funds At 31.8 24 At 1.4 22 Uniestrirted fund5 General fund 1,674,058 15011 1.673.557 TOTAL FLINDS 1,674,058 1.673.557 Page IS ontinued...
STAMFORD SHAKESPEARE COMPANY NOTESTO THE FINANCIAL STATEMENTS- ethitinued FOR THE YEAR ENDED ai AUGUST 2024 21. MOVEMENT IN FUNOS- ¢ontynued A current year 12 months and prK)r year 12 months combined net movement in funds, included in the above are J5 follows.. Incomin8 resources Resources expended Movernent ijnrestrirted funds General fund 1,3D),697 11,310.1981 15011 TOTAL FUNDS 1,309,697 11,310,198) 15011 RELATED PARTY DISCLOSURES Ourin8 the year purchases were made from the ROSÈ Group amounting to £17,26212023- £15.8791. Ms NLH Andrew is the Chief executive offIr of the Rose companie5. There were no outstanding balances ès èt the year end. During the previous year a on+off donation was received frorn the Rose Group, There were nocondltions placed upon this donation. Page 16